CITIGROUP INC - FORM 8-K - EX-99.2

Attached files

file	filename
EX-99.1 - EX-99.1 - CITIGROUP INC	a17-17914_1ex99d1.htm
8-K - 8-K - CITIGROUP INC	a17-17914_18k.htm

Exhibit 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

2Q17

	Page
Citigroup Consolidated
Financial Summary	1
Consolidated Statement of Income	2
Consolidated Balance Sheet	3
Segment Detail
Net Revenues	4
Income & Regional Average Assets and ROA	5

Global Consumer Banking (GCB)	6
Retail Banking and Cards Key Indicators	7
North America	8 - 10
Latin America	11 - 12
Asia (1)	13 - 14
Institutional Clients Group (ICG)	15
Revenues by Business	16

Corporate / Other	17
Consumer Key Indicators	18

Citigroup Supplemental Detail
Average Balances and Interest Rates	19
Deposits	20
Loans	21
Consumer Loan Delinquency Amounts and Ratios
90+ Days	22
30-89 Days	23
Allowance for Credit Losses	24 - 25
Components of Provision for Loan Losses	26
Non-Accrual Assets	27

Regulatory Capital Ratios, Tangible Common Equity, Book Value Per Share, Tangible Book Value Per Share and Returns on Equity	28

(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

CITIGROUP — FINANCIAL SUMMARY

(In millions of dollars, except per share amounts, and as otherwise noted)

																2Q17 Increase/				Six			Six			YTD 2017 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2016 Increase/
	2016			2016			2016			2017			2017			1Q17		2Q16		2016			2017			(Decrease)

Total Revenues, Net of Interest Expense	$	17,548		$	17,760		$	17,012		$	18,120		$	17,901		(1	)%	2	%	$	35,103		$	36,021		3	%
Total Operating Expenses	10,369			10,404			10,120			10,477			10,506			—		1	%	20,892			20,983			—
Net Credit Losses (NCLs)	1,616			1,525			1,696			1,709			1,710			—		6	%	3,340			3,419			2	%
Credit Reserve Build / (Release)	(226		)	221			31			(34		)	(44		)	(29	)%	81	%	(64		)	(78		)	(22	)%
Provision / (Release) for Unfunded Lending Commitments	(30		)	(45		)	33			(43		)	28			NM		NM		41			(15		)	NM
Provision for Benefits and Claims	49			35			32			30			23			(23	)%	(53	)%	137			53			(61	)%
Provisions for Credit Losses and for Benefits and Claims	$	1,409		$	1,736		$	1,792		$	1,662		$	1,717		3	%	22	%	$	3,454		$	3,379		(2	)%
Income from Continuing Operations before Income Taxes	$	5,770		$	5,620		$	5,100		$	5,981		$	5,678		(5	)%	(2	)%	$	10,757		$	11,659		8	%
Income Taxes (benefits)	1,723			1,733			1,509			1,863			1,795			(4	)%	4	%	3,202			3,658			14	%
Income from Continuing Operations	$	4,047		$	3,887		$	3,591		$	4,118		$	3,883		(6	)%	(4	)%	$	7,555		$	8,001		6	%
Income (Loss) from Discontinued Operations, net of Taxes	(23		)	(30		)	(3		)	(18		)	21			NM		NM		(25		)	3			NM
Net Income before Noncontrolling Interests	$	4,024		$	3,857		$	3,588		$	4,100		$	3,904		(5	)%	(3	)%	$	7,530		$	8,004		6	%
Net Income Attributable to Noncontrolling Interests	26			17			15			10			32			NM		23	%	31			42			35	%
Citigroup’s Net Income	$	3,998		$	3,840		$	3,573		$	4,090		$	3,872		(5	)%	(3	)%	$	7,499		$	7,962		6	%

Diluted Earnings Per Share:
Income from Continuing Operations	$	1.25		$	1.25		$	1.14		$	1.36		$	1.27		(7	)%	2	%	$	2.36		$	2.63		11	%
Citigroup’s Net Income	$	1.24		$	1.24		$	1.14		$	1.35		$	1.28		(5	)%	3	%	$	2.35		$	2.63		12	%
Shares (in millions):
Average Basic	2,915.8			2,879.9			2,813.8			2,765.3			2,739.1			(1	)%	(6	)%	2,929.4			2,752.2			(6	)%
Average Diluted	2,915.9			2,880.1			2,814.2			2,765.5			2,739.2			(1	)%	(6	)%	2,929.5			2,752.4			(6	)%
Common Shares Outstanding, at period end	2,905.4			2,849.7			2,772.4			2,753.3			2,724.6			(1	)%	(6	)%

Preferred Dividends	$	322		$	225		$	320		$	301		$	320		6	%	(1	)%	$	532		$	621		17	%

Income Allocated to Unrestricted Common Shareholders - Basic
Income from Continuing Operations	$	3,645		$	3,592		$	3,207		$	3,752		$	3,483		(7	)%	(4	)%	$	6,899		$	7,235		5	%
Citigroup’s Net Income	$	3,623		$	3,562		$	3,204		$	3,734		$	3,504		(6	)%	(3	)%	$	6,874		$	7,238		5	%

Income Allocated to Unrestricted Common Shareholders - Diluted
Income from Continuing Operations	$	3,645		$	3,592		$	3,207		$	3,752		$	3,483		(7	)%	(4	)%	$	6,899		$	7,235		5	%
Citigroup’s Net Income	$	3,623		$	3,562		$	3,204		$	3,734		$	3,504		(6	)%	(3	)%	$	6,874		$	7,238		5	%

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 (CET1) Capital Ratio (1) (2) (3)	12.53		%	12.63		%	12.57		%	12.81		%	13.0		%
Tier 1 Capital Ratio(1) (2) (3)	14.12		%	14.23		%	14.24		%	14.47		%	14.7		%
Total Capital Ratio(1) (2) (3)	16.13		%	16.34		%	16.24		%	16.52		%	16.9		%
Supplementary Leverage Ratio(2) (3) (4)	7.48		%	7.40		%	7.22		%	7.27		%	7.2		%
Return on Average Assets	0.89		%	0.83		%	0.78		%	0.91		%	0.83		%					0.84		%	0.87		%
Return on Average Common Equity	7.0		%	6.8		%	6.2		%	7.4		%	6.8		%					6.7		%	7.1		%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)	59		%	59		%	59		%	58		%	59		%					60		%	58		%

Balance Sheet Data(2) (in billions of dollars, except per share amounts):
Total Assets	$	1,818.8		$	1,818.1		$	1,792.1		$	1,821.5		$	1,864.1		2	%	2	%
Total Average Assets	1,807.3			1,830.2			1,819.8			1,830.6			1,869.2			2	%	3	%	$	1,792.5		$	1,849.9		3	%
Total Deposits	937.9			940.3			929.4			950.0			958.7			1	%	2	%
Citigroup’s Stockholders’ Equity(3)	231.9			231.6			225.1			228.0			230.0			1	%	(1	)%
Book Value Per Share(3)	73.19			74.51			74.26			75.81			77.36			2	%	6	%
Tangible Book Value Per Share(3)(5)	63.53			64.71			64.57			65.88			67.32			2	%	6	%

Direct Staff (in thousands)	220			220			219			215			214			—		(3	)%

(1) For the composition of Citi’s Common Equity Tier 1 Capital and ratio, see page 28. Citi’s reportable CET1 Capital and Tier 1 Capital ratios were derived under the U.S. Basel III Standardized Approach framework for June 30, 2017 and U.S. Basel III Advanced Approaches framework for periods prior to June 30, 2017. For all periods presented, Citi’s reportable Total Capital ratios were derived under the U.S. Basel III Advanced Approaches framework. This reflects the lower of the three risk-based capital ratios (CET1 Capital, Tier 1 Capital and Total Capital) under both the Standardized Approach and the Advanced Approaches under the Collins Amendment. Citigroup’s risk-based capital ratios, which reflect full implementation of the U.S. Basel III rules, are non-GAAP financial measures.

(2) June 30, 2017 is preliminary.

(3) In March, 2017, the FASB issued Accounting Standards Update 2017-08, Premium Amortization on purchased Callable Debt Securities (ASU 2017-08), which revises existing U.S. GAAP by shortening the amortization period for premiums on certain purchased callable debt securities to the earliest call date, rather than the contractual life of the security. During the second quarter of 2017, Citi early adopted ASU 2017-08 on a modified retrospective basis effective January 1, 2017, resulting in a $156 million net reduction of Citi’s stockholders’ equity. Prior periods’ regulatory capital ratios, book value and tangible book value per share have been restated, although the retrospective application was immaterial to these ratios and amounts.

(4) Citigroup’s Supplementary Leverage Ratio (SLR), which reflects full implementation of the U.S. Basel III rules, is a non-GAAP financial measure. For the composition of Citi’s SLR, see page 28.

(5) Tangible book value per share is a non-GAAP financial measure. For a reconciliation of this measure to reported results, see page 28.

Note: Ratios and variance percentages are calculated based on the displayed amounts.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME
(In millions of dollars)

																2Q17 Increase/				Six			Six			YTD 2017 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2016 Increase/
	2016			2016			2016			2017			2017			1Q17		2Q16		2016			2017			(Decrease)
Revenues
Interest revenue	$	14,356		$	14,653		$	14,439		$	14,423		$	15,201		5	%	6	%	$	28,523		$	29,624		4	%
Interest expense	3,120			3,174			3,277			3,566			4,036			13	%	29	%	6,060			7,602			25	%
Net interest revenue	11,236			11,479			11,162			10,857			11,165			3	%	(1	)%	22,463			22,022			(2	)%

Commissions and fees	2,725			2,644			2,689			2,759			2,937			6	%	8	%	5,188			5,696			10	%
Principal transactions	1,816			2,238			1,691			3,022			2,562			(15	)%	41	%	3,656			5,584			53	%
Administrative and other fiduciary fees	878			862			813			893			1,003			12	%	14	%	1,689			1,896			12	%
Realized gains (losses) on investments	200			287			275			192			221			15	%	11	%	386			413			7	%
Other-than-temporary impairment losses on investments and other assets	(118		)	(32		)	(5		)	(12		)	(20		)	(67	)%	83	%	(583		)	(32		)	95	%
Insurance premiums	217			184			171			169			156			(8	)%	(28	)%	481			325			(32	)%
Other revenue	594			98			216			240			(123		)	NM		NM		1,823			117			(94	)%
Total non-interest revenues	6,312			6,281			5,850			7,263			6,736			(7	)%	7	%	12,640			13,999			11	%
Total revenues, net of interest expense	17,548			17,760			17,012			18,120			17,901			(1	)%	2	%	35,103			36,021			3	%

Provisions for Credit Losses and for Benefits and Claims

Net credit losses	1,616			1,525			1,696			1,709			1,710			—		6	%	3,340			3,419			2	%
Credit reserve build / (release)	(226		)	221			31			(34		)	(44		)	(29	)%	81	%	(64		)	(78		)	(22	)%
Provision for loan losses	1,390			1,746			1,727			1,675			1,666			(1	)%	20	%	3,276			3,341			2	%
Provision for Policyholder benefits and claims	49			35			32			30			23			(23	)%	(53	)%	137			53			(61	)%
Provision for unfunded lending commitments	(30		)	(45		)	33			(43		)	28			NM		NM		41			(15		)	NM
Total provisions for credit losses and for benefits and claims	1,409			1,736			1,792			1,662			1,717			3	%	22	%	3,454			3,379			(2	)%

Operating Expenses
Compensation and benefits	5,229			5,203			4,982			5,534			5,463			(1	)%	4	%	10,785			10,997			2	%
Premises and Equipment	642			624			625			620			604			(3	)%	(6	)%	1,293			1,224			(5	)%
Technology / communication expense	1,657			1,694			1,685			1,659			1,690			2	%	2	%	3,306			3,349			1	%
Advertising and marketing expense	433			403			406			373			432			16	%	—		823			805			(2	)%
Other operating	2,408			2,480			2,422			2,291			2,317			1	%	(4	)%	4,685			4,608			(2	)%
Total operating expenses	10,369			10,404			10,120			10,477			10,506			—		1	%	20,892			20,983			—

Income from Continuing Operations before Income Taxes	5,770			5,620			5,100			5,981			5,678			(5	)%	(2	)%	10,757			11,659			8	%
Provision (benefits) for income taxes	1,723			1,733			1,509			1,863			1,795			(4	)%	4	%	3,202			3,658			14	%

Income from Continuing Operations	4,047			3,887			3,591			4,118			3,883			(6	)%	(4	)%	7,555			8,001			6	%
Discontinued Operations
Income (Loss) from Discontinued Operations	(36		)	(37		)	(4		)	(28		)	33			NM		NM		(39		)	5			NM
Provision (benefits) for income taxes	(13		)	(7		)	(1		)	(10		)	12			NM		NM		(14		)	2			NM
Income (Loss) from Discontinued Operations, net of taxes	(23		)	(30		)	(3		)	(18		)	21			NM		NM		(25		)	3			NM

Net Income before Noncontrolling Interests	4,024			3,857			3,588			4,100			3,904			(5	)%	(3	)%	7,530			8,004			6	%

Net Income attributable to noncontrolling interests	26			17			15			10			32			NM		23	%	31			42			35	%
Citigroup’s Net Income	$	3,998		$	3,840		$	3,573		$	4,090		$	3,872		(5	)%	(3	)%	$	7,499		$	7,962		6	%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

																2Q17 Increase/
	June 30,			September 30,			December 31,			March 31,			June 30,			(Decrease) from
	2016			2016			2016			2017			2017 (1)			1Q17		2Q16
Assets
Cash and due from banks (including segregated cash and other deposits)	$	22,140		$	23,419		$	23,043		$	22,272		$	20,940		(6	)%	(5	)%
Deposits with banks	127,993			132,571			137,451			157,773			165,142			5	%	29	%
Fed funds sold and securities borr’d or purch under agree. to resell	228,683			236,045			236,813			242,929			234,065			(4	)%	2	%
Brokerage receivables	36,851			36,112			28,887			36,888			40,487			10	%	10	%
Trading account assets	263,174			254,627			243,925			244,903			259,606			6	%	(1	)%
Investments
Available-for-sale and non-marketable equity securities(2)	320,390			316,352			307,637			297,891			301,535			1	%	(6	)%
Held-to-maturity	35,903			38,588			45,667			47,820			50,175			5	%	40	%
Total Investments	356,293			354,940			353,304			345,711			351,710			2	%	(1	)%
Loans, net of unearned income
Consumer	326,082			328,372			325,063			320,556			325,261			1	%	—
Corporate	307,433			310,063			299,306			308,039			319,434			4	%	4	%
Loans, net of unearned income	633,515			638,435			624,369			628,595			644,695			3	%	2	%
Allowance for loan losses	(12,304		)	(12,439		)	(12,060		)	(12,030		)	(12,025		)	—		2	%
Total loans, net	621,211			625,996			612,309			616,565			632,670			3	%	2	%
Goodwill	22,496			22,539			21,659			22,265			22,349			—		(1	)%
Intangible assets (other than MSRs)	5,521			5,358			5,114			5,013			4,887			(3	)%	(11	)%
Mortgage servicing rights (MSRs)	1,324			1,270			1,564			567			560			(1	)%	(58	)%
Other assets	133,085			125,240			128,008			126,593			131,647			4	%	(1	)%
Total assets	$	1,818,771		$	1,818,117		$	1,792,077		$	1,821,479		$	1,864,063		2	%	2	%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	140,145		$	141,899		$	136,698		$	129,436		$	126,253		(2	)%	(10	)%
Interest-bearing deposits in U.S. offices	295,589			288,094			300,972			310,572			311,361			—		5	%
Total U.S. Deposits	435,734			429,993			437,670			440,008			437,614			(1	)%	—
Non-interest-bearing deposits in offices outside the U.S.	76,574			75,956			77,616			79,063			83,046			5	%	8	%
Interest-bearing deposits in offices outside the U.S.	425,544			434,303			414,120			430,919			438,083			2	%	3	%
Total International Deposits	502,118			510,259			491,736			509,982			521,129			2	%	4	%

Total deposits	937,852			940,252			929,406			949,990			958,743			1	%	2	%
Fed funds purch and securities loaned or sold under agree. to repurch.	158,001			153,124			141,821			148,230			154,780			4	%	(2	)%
Brokerage payables	62,054			61,921			57,152			59,655			62,947			6	%	1	%
Trading account liabilities	136,307			131,649			139,045			144,070			136,745			(5	)%	—
Short-term borrowings	18,408			29,527			30,701			26,127			36,519			40	%	98	%
Long-term debt	207,448			209,051			206,178			208,530			225,179			8	%	9	%
Other liabilities(3)	65,680			59,903			61,631			55,880			58,043			4	%	(12	)%
Total liabilities	$	1,585,750		$	1,585,427		$	1,565,934		$	1,592,482		$	1,632,956		3	%	3	%

Equity
Stockholders’ equity(2)
Preferred stock	$	19,253		$	19,253		$	19,253		$	19,253		$	19,253		—		—
Common stock	31			31			31			31			31			—		—
Additional paid-in capital	107,730			107,875			108,042			107,613			107,798			—		—
Retained earnings(2)	140,527			143,678			146,477			149,071			152,178			2	%	8	%
Treasury stock	(9,538		)	(12,069		)	(16,302		)	(17,579		)	(19,342		)	(10	)%	NM
Accumulated other comprehensive income (loss)	(26,115		)	(27,193		)	(32,381		)	(30,413		)	(29,899		)	2	%	(14	)%
Total common equity	$	212,635		$	212,322		$	205,867		$	208,723		$	210,766		1	%	(1	)%

Total Citigroup stockholders’ equity	$	231,888		$	231,575		$	225,120		$	227,976		$	230,019		1	%	(1	)%
Noncontrolling interests	1,133			1,115			1,023			1,021			1,088			7	%	(4	)%
Total equity	233,021			232,690			226,143			228,997			231,107			1	%	(1	)%
Total liabilities and equity	$	1,818,771		$	1,818,117		$	1,792,077		$	1,821,479		$	1,864,063		2	%	2	%

(1) Preliminary.

(2) See footnote 3 on page 1.

(3) Includes allowance for credit losses for unfunded lending commitments. See page 25 for amounts by period.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 3

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)

											2Q17 Increase/				Six		Six		YTD 2017 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from				Months		Months		YTD 2016 Increase/
	2016		2016		2016		2017		2017		1Q17		2Q16		2016		2017		(Decrease)

Global Consumer Banking
North America	$	4,709	$	5,161	$	5,059	$	4,944	$	4,944	—		5	%	$	9,539	$	9,888	4	%
Latin America	1,236		1,245		1,212		1,151		1,290		12	%	4	%	2,465		2,441		(1	)%
Asia (1)	1,729		1,758		1,696		1,722		1,801		5	%	4	%	3,384		3,523		4	%
Total	7,674		8,164		7,967		7,817		8,035		3	%	5	%	15,388		15,852		3	%

Institutional Clients Group
North America	3,393		3,191		2,949		3,455		3,568		3	%	5	%	6,373		7,023		10	%
EMEA	2,577		2,506		2,605		2,807		2,837		1	%	10	%	4,744		5,644		19	%
Latin America	1,022		999		994		1,127		1,042		(8	)%	2	%	1,984		2,169		9	%
Asia	1,697		1,763		1,636		1,737		1,766		2	%	4	%	3,483		3,503		1	%
Total	8,689		8,459		8,184		9,126		9,213		1	%	6	%	16,584		18,339		11	%

Corporate / Other	1,185		1,137		861		1,177		653		(45	)%	(45	)%	3,131		1,830		(42	)%

Total Citigroup - Net Revenues	$	17,548	$	17,760	$	17,012	$	18,120	$	17,901	(1	)%	2	%	$	35,103	$	36,021	3	%

(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

Reclassified to conform to the current period’s presentation.

Page 4

SEGMENT DETAIL

INCOME

(In millions of dollars)

																2Q17 Increase/				Six			Six			YTD 2017 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2016 Increase/
	2016			2016			2016			2017			2017			1Q17		2Q16		2016			2017			(Decrease)
Income from Continuing Operations:

Global Consumer Banking
North America	$	815		$	780		$	810		$	627		$	670		7	%	(18	)%	$	1,648		$	1,297		(21	)%
Latin America	173			160			154			130			136			5	%	(21	)%	319			266			(17	)%
Asia (1)	297			310			261			246			323			31	%	9	%	512			569			11	%
Total	1,285			1,250			1,225			1,003			1,129			13	%	(12	)%	2,479			2,132			(14	)%

Institutional Clients Group
North America	1,005			1,067			877			1,100			1,112			1	%	11	%	1,551			2,212			43	%
EMEA	695			649			647			855			779			(9	)%	12	%	1,069			1,634			53	%
Latin America	392			389			343			475			333			(30	)%	(15	)%	722			808			12	%
Asia	523			555			514			581			556			(4	)%	6	%	1,142			1,137			—
Total	2,615			2,660			2,381			3,011			2,780			(8	)%	6	%	4,484			5,791			29	%

Corporate / Other	147			(23		)	(15		)	104			(26)			NM		NM		592			78			(87	)%

Income From Continuing Operations	4,047			3,887			3,591			4,118			3,883			(6	)%	(4	)%	7,555			8,001			6	%


Discontinued Operations	(23		)	(30		)	(3)			(18		)	21			NM		NM		(25)			3			NM

Net Income Attributable to Noncontrolling Interests	26			17			15			10			32			NM		23	%	31			42			35	%

Total Citigroup - Net Income	$	3,998		$	3,840		$	3,573		$	4,090		$	3,872		(5	)%	(3	)%	$	7,499		$	7,962		6	%

Average Assets
North America	$	926		$	947		$	966		$	958		$	977		2	%	6	%	$	916		$	966		5	%
EMEA (1)	312			316			308			318			335			5	%	7	%	307			327			7	%
Latin America	134			131			128			128			132			3	%	(1	)%	134			130			(3	)%
Asia (1)	315			325			318			325			330			2	%	5	%	311			328			5	%
Corporate / Other	120			111			100			102			95			(7	)%	(21	)%	125			99			(21	)%
Total	$	1,807		$	1,830		$	1,820		$	1,831		$	1,869		2	%	3	%	$	1,793		$	1,850		3	%

Return on Average Assets (ROA)
North America	0.79		%	0.77		%	0.70		%	0.73		%	0.73		%					0.70		%	0.73		%
EMEA (1)	0.88		%	0.80		%	0.82		%	1.08		%	0.92		%					0.69		%	0.99		%
Latin America	1.69		%	1.66		%	1.54		%	1.89		%	1.43		%					1.56		%	1.65		%
Asia (1)	1.04		%	1.06		%	0.97		%	1.03		%	1.07		%					1.07		%	1.05		%
Corporate/Other	0.39		%	(0.17		)%	(0.08		)%	0.37		%	(0.06		)%					0.91		%	0.16		%
Total	0.89		%	0.83		%	0.78		%	0.91		%	0.83		%					0.84		%	0.87		%

(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 5

GLOBAL CONSUMER BANKING
Page 1
(In millions of dollars, except as otherwise noted)

																2Q17 Increase/				Six			Six			YTD 2017 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2016 Increase/
	2016			2016			2016			2017			2017			1Q17		2Q16		2016			2017			(Decrease)

Net Interest Revenue	$	6,308		$	6,709		$	6,656		$	6,522		$	6,699		3	%	6	%	$	12,660		$	13,221		4	%
Non-Interest Revenue	1,366			1,455			1,311			1,295			1,336			3	%	(2	)%	2,728			2,631			(4	)%
Total Revenues, Net of Interest Expense	7,674			8,164			7,967			7,817			8,035			3	%	5	%	15,388			15,852			3	%
Total Operating Expenses	4,297			4,429			4,356			4,415			4,497			2	%	5	%	8,698			8,912			2	%
Net Credit Losses	1,374			1,349			1,516			1,603			1,615			1	%	18	%	2,745			3,218			17	%
Credit Reserve Build / (Release)	23			436			164			177			125			(29	)%	NM		108			302			NM
Provision for Unfunded Lending Commitments	8			(3		)	(3		)	6			(1		)	NM		NM		9			5			(44	)%
Provision for Benefits and Claims	20			26			32			29			23			(21	)%	15	%	48			52			8	%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	1,425			1,808			1,709			1,815			1,762			(3	)%	24	%	2,910			3,577			23	%
Income from Continuing Operations before Taxes	1,952			1,927			1,902			1,587			1,776			12	%	(9	)%	3,780			3,363			(11	)%
Income Taxes	667			677			677			584			647			11	%	(3	)%	1,301			1,231			(5	)%
Income from Continuing Operations	1,285			1,250			1,225			1,003			1,129			13	%	(12	)%	2,479			2,132			(14	)%
Noncontrolling Interests	1			3			1			1			4			NM		NM		3			5			67	%
Net Income	$	1,284		$	1,247		$	1,224		$	1,002		$	1,125		12	%	(12	)%	$	2,476		$	2,127		(14	)%
EOP Assets (in billions of dollars)	$	399		$	411		$	412		$	412		$	419		2	%	5	%
Average Assets (in billions of dollars)	$	387		$	409		$	410		$	411		$	414		1	%	7	%	$	382		$	413		8	%
Return on Average Assets (ROA)	1.33		%	1.21		%	1.19		%	0.99		%	1.09		%					1.30		%	1.04		%
Efficiency Ratio	56		%	54		%	55		%	56		%	56		%					57		%	56		%

Net Credit Losses as a % of Average Loans	2.02		%	1.87		%	2.10		%	2.24		%	2.20		%					2.03		%	2.22		%

Revenue by Business
Retail Banking	$	3,242		$	3,330		$	3,157		$	3,155		$	3,299		5	%	2	%	$	6,429		$	6,454		—
Cards (1)	4,432			4,834			4,810			4,662			4,736			2	%	7	%	8,959			9,398			5	%
Total	$	7,674		$	8,164		$	7,967		$	7,817		$	8,035		3	%	5	%	$	15,388		$	15,852		3	%

Net Credit Losses by Business
Retail Banking	$	243		$	257		$	286		$	236		$	244		3	%	—		$	464		$	480		3	%
Cards (1)	1,131			1,092			1,230			1,367			1,371			—		21	%	2,281			2,738			20	%
Total	$	1,374		$	1,349		$	1,516		$	1,603		$	1,615		1	%	18	%	$	2,745		$	3,218		17	%

Income from Continuing Operations by Business
Retail Banking	$	472		$	461		$	335		$	339		$	420		24	%	(11	)%	$	770		$	759		(1	)%
Cards (1)	813			789			890			664			709			7	%	(13	)%	1,709			1,373			(20	)%
Total	$	1,285		$	1,250		$	1,225		$	1,003		$	1,129		13	%	(12	)%	$	2,479		$	2,132		(14	)%

Foreign Currency (FX) Translation Impact:
Total Revenue - as Reported	$	7,674		$	8,164		$	7,967		$	7,817		$	8,035		3	%	5	%	$	15,388		$	15,852		3	%
Impact of FX Translation (2)	(23		)	30			122			88			—							(126		)	—
Total Revenues - Ex-FX (2)	$	7,651		$	8,194		$	8,089		$	7,905		$	8,035		2	%	5	%	$	15,262		$	15,852		4	%

Total Operating Expenses - as Reported	$	4,297		$	4,429		$	4,356		$	4,415		$	4,497		2	%	5	%	$	8,698		$	8,912		2	%
Impact of FX Translation (2)	(9		)	14			67			46			—							(50		)	—
Total Operating Expenses - Ex-FX (2)	$	4,288		$	4,443		$	4,423		$	4,461		$	4,497		1	%	5	%	$	8,648		$	8,912		3	%

Total Provisions for LLR & PBC - as Reported	$	1,425		$	1,808		$	1,709		$	1,815		$	1,762		(3	)%	24	%	$	2,910		$	3,577		23	%
Impact of FX Translation (2)	(7		)	7			29			21			—							(37		)	—
Total Provisions for LLR & PBC - Ex-FX (2)	$	1,418		$	1,815		$	1,738		$	1,836		$	1,762		(4	)%	24	%	$	2,873		$	3,577		25	%

Net Income - as Reported	$	1,284		$	1,247		$	1,224		$	1,002		$	1,125		12	%	(12	)%	$	2,476		$	2,127		(14	)%
Impact of FX Translation (2)	(6		)	6			17			13			—							(30		)	—
Net Income - Ex-FX (2)	$	1,278		$	1,253		$	1,241		$	1,015		$	1,125		11	%	(12	)%	$	2,446		$	2,127		(13	)%

(1) Includes both Citi-Branded Cards and Citi Retail Services.

(2) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the second quarter of 2017 average exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 6

GLOBAL CONSUMER BANKING

Page 2

																2Q17 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2016			2016			2016			2017			2017			1Q17		2Q16

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	2,650			2,648			2,618			2,601			2,570			(1	)%	(3	)%
Accounts (in millions)	54.4			55.1			54.6			53.9			53.8			—		(1	)%
Average Deposits	$	297.4		$	301.2		$	301.1		$	303.5		$	307.2		1	%	3	%
Investment Sales	$	19.1		$	19.7		$	18.5		$	20.9		$	21.8		4	%	14	%
Investment Assets under Management (AUMs)	$	139.9		$	140.9		$	137.5		$	146.7		$	152.8		4	%	9	%
Average Loans	$	141.1		$	142.0		$	138.1		$	138.8		$	142.3		3	%	1	%
EOP Loans:
Mortgages	$	81.6		$	81.4		$	79.4		$	81.2		$	81.4		—		—
Commercial Banking	32.6			33.2			32.0			33.9			34.8			3	%	7	%
Personal and Other	27.2			27.0			24.9			26.3			27.2			3	%	—
EOP Loans	$	141.4		$	141.6		$	136.3		$	141.4		$	143.4		1	%	1	%

Net Interest Revenue (in millions) (1)	$	2,154		$	2,191		$	2,129		$	2,143		$	2,274		6	%	6	%
As a % of Average Loans	6.14		%	6.14		%	6.13		%	6.26		%	6.41		%

Net Credit Losses (in millions)	$	243		$	257		$	286		$	236		$	244		3	%	—
As a % of Average Loans	0.69		%	0.72		%	0.82		%	0.69		%	0.69		%
Loans 90+ Days Past Due (in millions) (2)	$	515		$	579		$	474		$	488		$	477		(2	)%	(7	)%
As a % of EOP Loans	0.37		%	0.41		%	0.35		%	0.35		%	0.33		%
Loans 30-89 Days Past Due (in millions) (2)	$	735		$	722		$	726		$	777		$	747		(4	)%	2	%
As a % of EOP Loans	0.52		%	0.51		%	0.54		%	0.55		%	0.52		%

Cards Key Indicators (in millions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	143.0			143.0			142.7			142.4			142.6			—		—
Purchase Sales (in billions)	$	95.7		$	115.3		$	125.1		$	112.2		$	125.3		12	%	31	%

Average Loans (in billions) (3)	$	131.9		$	145.5		$	149.3		$	150.8		$	151.5		—		15	%
EOP Loans (in billions) (3)	$	143.4		$	147.8		$	155.6		$	149.9		$	155.1		3	%	8	%
Average Yield (4)	13.05		%	12.76		%	12.54		%	12.57		%	12.54		%
Net Interest Revenue (5)	$	4,154		$	4,518		$	4,527		$	4,379		$	4,425		1	%	7	%
As a % of Average Loans (5)	12.67		%	12.35		%	12.06		%	11.78		%	11.72		%
Net Credit Losses	$	1,131		$	1,092		$	1,230		$	1,367		$	1,371		—		21	%
As a % of Average Loans	3.45		%	2.99		%	3.28		%	3.68		%	3.63		%
Net Credit Margin (6)	$	3,292		$	3,734		$	3,572		$	3,288		$	3,357		2	%	2	%
As a % of Average Loans (6)	10.04		%	10.21		%	9.52		%	8.84		%	8.89		%
Loans 90+ Days Past Due	$	1,450		$	1,587		$	1,819		$	1,753		$	1,706		(3	)%	18	%
As a % of EOP Loans	1.01		%	1.07		%	1.17		%	1.17		%	1.10		%
Loans 30-89 Days Past Due	$	1,583		$	1,831		$	1,814		$	1,739		$	1,751		1	%	11	%
As a % of EOP Loans	1.10		%	1.24		%	1.17		%	1.16		%	1.13		%

(1) Also includes net interest revenue related to the international regions’ deposit balances in excess of the average loan portfolio.

(2) The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies. See footnote 2 on page 9.

(3) Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(4) Average yield is gross interest revenue earned divided by average loans.

(5) Net interest revenue includes certain fees that are recorded as interest revenue.

(6) Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

Page 7

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 1

(In millions of dollars, except as otherwise noted)

																2Q17 Increase/				Six			Six			YTD 2017 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2016 Increase/
	2016			2016			2016			2017			2017			1Q17		2Q16		2016			2017			(Decrease)

Net Interest Revenue	$	4,331		$	4,696		$	4,706		$	4,617		$	4,633		—		7	%	$	8,729		$	9,250		6	%
Non-Interest Revenue	378			465			353			327			311			(5	)%	(18	)%	810			638			(21	)%
Total Revenues, Net of Interest Expense	4,709			5,161			5,059			4,944			4,944			—		5	%	9,539			9,888			4	%
Total Operating Expenses	2,426			2,595			2,537			2,576			2,577			—		6	%	4,926			5,153			5	%
Net Credit Losses	954			927			1,105			1,190			1,181			(1	)%	24	%	1,887			2,371			26	%
Credit Reserve Build / (Release)	49			408			117			152			101			(34	)%	NM		128			253			98	%
Provision for Unfunded Lending Commitments	7			—			(1		)	7			2			(71	)%	(71	)%	7			9			29	%
Provision for Benefits and Claims	8			8			9			6			8			33	%	—		17			14			(18	)%
Provisions for Loan Losses and for Benefits and Claims	1,018			1,343			1,230			1,355			1,292			(5	)%	27	%	2,039			2,647			30	%
Income from Continuing Operations before Taxes	1,265			1,223			1,292			1,013			1,075			6	%	(15	)%	2,574			2,088			(19	)%
Income Taxes	450			443			482			386			405			5	%	(10	)%	926			791			(15	)%
Income from Continuing Operations	815			780			810			627			670			7	%	(18	)%	1,648			1,297			(21	)%
Noncontrolling Interests	(1		)	—			(1		)	—			—			—		100	%	(1		)	—			100	%
Net Income	$	816		$	780		$	811		$	627		$	670		7	%	(18	)%	$	1,649		$	1,297		(21	)%
Average Assets (in billions)	$	218		$	238		$	244		$	245		$	243		(1	)%	11	%	$	215		$	244		13	%
Return on Average Assets	1.51		%	1.30		%	1.32		%	1.04		%	1.11		%					1.54		%	1.07		%
Efficiency Ratio	52		%	50		%	50		%	52		%	52		%					52		%	52		%

Net Credit Losses as a % of Average Loans	2.34		%	2.07		%	2.42		%	2.63		%	2.58		%					2.33		%	2.61		%

Revenue by Business
Retail Banking	$	1,313		$	1,356		$	1,263		$	1,256		$	1,291		3	%	(2	)%	$	2,603		$	2,547		(2	)%
Citi-Branded Cards	1,886			2,191			2,213			2,096			2,079			(1	)%	10	%	3,746			4,175			11	%
Citi Retail Services	1,510			1,614			1,583			1,592			1,574			(1	)%	4	%	3,190			3,166			(1	)%
Total	$	4,709		$	5,161		$	5,059		$	4,944		$	4,944		—		5	%	$	9,539		$	9,888		4	%

Net Credit Losses by Business
Retail Banking	$	45		$	52		$	83		$	37		$	39		5	%	(13	)%	$	70		$	76		9	%
Citi-Branded Cards	467			448			539			633			611			(3	)%	31	%	922			1,244			35	%
Citi Retail Services	442			427			483			520			531			2	%	20	%	895			1,051			17	%
Total	$	954		$	927		$	1,105		$	1,190		$	1,181		(1	)%	24	%	$	1,887		$	2,371		26	%

Income from Continuing Operations by Business
Retail Banking	$	172		$	187		$	85		$	83		$	140		69	%	(19	)%	$	261		$	223		(15	)%
Citi-Branded Cards	320			322			446			248			305			23	%	(5	)%	673			553			(18	)%
Citi Retail Services	323			271			279			296			225			(24	)%	(30	)%	714			521			(27	)%
Total	$	815		$	780		$	810		$	627		$	670		7	%	(18	)%	$	1,648		$	1,297		(21	)%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 8

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2

																2Q17 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2016			2016			2016			2017			2017			1Q17		2Q16

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	729			727			723			705			695			(1	)%	(5	)%
Accounts (in millions)	10.8			10.6			10.5			9.6			9.5			(1	)%	(12	)%
Average Deposits	$	182.1		$	183.9		$	186.0		$	185.5		$	185.1		—		2	%
Investment Sales	$	5.5		$	5.2		$	5.3		$	6.2		$	6.5		5	%	18	%
Investment AUMs	$	51.4		$	53.1		$	52.8		$	55.1		$	56.7		3	%	10	%

Average Loans	$	54.4		$	55.0		$	55.0		$	55.4		$	55.6		—		2	%

EOP Loans:
Mortgages	$	43.9		$	44.0		$	44.2		$	44.3		$	44.3		—		1	%
Commercial Banking	8.8			8.8			9.0			9.2			9.2			—		5	%
Personal and Other	2.1			2.0			2.1			2.0			2.1			5	%	—
Total EOP Loans	$	54.8		$	54.8		$	55.3		$	55.5		$	55.6		—		1	%

Mortgage Originations (1)	$	6.4		$	6.5		$	5.6		$	3.8		$	3.1		(18	)%	(52	)%

Third Party Mortgage Servicing Portfolio (EOP)	$	151.8		$	147.6		$	143.2		$	48.5		$	49.1		1	%	(68	)%

Net Servicing & Gain/(Loss) on Sale (in millions)	$	90.9		$	141.9		$	102.8		$	63.1		$	50.0		(21	)%	(45	)%

Saleable Mortgage Rate Locks	$	4.0		$	3.9		$	2.6		$	1.9		$	1.5		(21	)%	(63	)%

Net Interest Revenue on Loans (in millions)	$	276		$	281		$	264		$	251		$	249		(1	)%	(10	)%
As a % of Avg. Loans	2.04		%	2.03		%	1.91		%	1.84		%	1.80		%

Net Credit Losses (in millions)	$	45		$	52		$	83		$	37		$	39		5	%	(13	)%
As a % of Avg. Loans	0.33		%	0.38		%	0.60		%	0.27		%	0.28		%

Loans 90+ Days Past Due (in millions) (2)	$	180		$	256		$	181		$	182		$	155		(15	)%	(14	)%
As a % of EOP Loans	0.33		%	0.47		%	0.33		%	0.33		%	0.28		%
Loans 30-89 Days Past Due (in millions) (2)	$	192		$	198		$	214		$	189		$	191		1	%	(1	)%
As a % of EOP Loans	0.36		%	0.37		%	0.39		%	0.35		%	0.35		%

(1) Originations of residential first mortgages.

(2) The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.

The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) were $408 million and ($0.9 billion), $305 million and ($0.7 billion), $327 million and ($0.7 billion), $313 million and ($0.8 billion), and $295 million and ($0.8 billion), as of June 30, 2016, September 30, 2016, December 31, 2016, March 31, 2017 and June 30, 2017, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $91 million and ($0.9 billion), $58 million and ($0.7 billion), $70 million and ($0.7 billion), $84 million and ($0.8 billion), and $84 million and ($0.8 billion), as of June 30, 2016, September 30, 2016, December 31, 2016, March 31, 2017 and June 30, 2017, respectively.

Reclassified to conform to the current period’s presentation.

Page 9

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3

																2Q17 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2016			2016			2016			2017			2017			1Q17		2Q16

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts (in millions)	31.8			32.5			32.9			33.2			33.7			2	%	6	%
Purchase Sales (in billions)	$	53.1		$	73.1		$	78.5		$	72.5		$	80.5		11	%	52	%

Average Loans (in billions) (1)	$	66.7		$	79.2		$	82.1		$	82.6		$	83.3		1	%	25	%

EOP Loans (in billions) (1)	$	77.5		$	81.3		$	86.0		$	82.2		$	85.6		4	%	10	%

Average Yield (2)	10.04		%	9.90		%	9.60		%	9.60		%	9.61		%
Net Interest Revenue (3)	$	1,591		$	1,863		$	1,867		$	1,785		$	1,788		—		12	%
As a % of Avg. Loans (3)	9.59		%	9.36		%	9.05		%	8.76		%	8.61		%
Net Credit Losses	$	467		$	448		$	539		$	633		$	611		(3	)%	31	%
As a % of Average Loans	2.82		%	2.25		%	2.61		%	3.11		%	2.94		%
Net Credit Margin (4)	$	1,415		$	1,740		$	1,670		$	1,461		$	1,466		—		4	%
As a % of Avg. Loans (4)	8.53		%	8.74		%	8.09		%	7.17		%	7.06		%
Loans 90+ Days Past Due	$	510		$	607		$	748		$	698		$	659		(6	)%	29	%
As a % of EOP Loans	0.66		%	0.75		%	0.87		%	0.85		%	0.77		%
Loans 30-89 Days Past Due	$	550		$	710		$	688		$	632		$	619		(2	)%	13	%
As a % of EOP Loans	0.71		%	0.87		%	0.80		%	0.77		%	0.72		%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	88.9			88.3			87.7			86.8			$	86.5		—		(3	)%
Purchase Sales (in billions)	$	20.1		$	19.7		$	23.2		$	16.9		$	20.6		22	%	2	%

Average Loans (in billions) (1)	$	42.7		$	43.6		$	44.9		$	45.3		$	44.5		(2	)%	4	%

EOP Loans (in billions) (1)	$	43.3		$	43.9		$	47.3		$	44.2		$	45.2		2	%	4	%

Average Yield (2)	17.01		%	17.06		%	16.92		%	17.14		%	17.38		%
Net Interest Revenue (3)	$	1,834		$	1,923		$	1,947		$	1,908		$	1,897		(1	)%	3	%
As a % of Avg. Loans (3)	17.27		%	17.55		%	17.25		%	17.08		%	17.10		%
Net Credit Losses	$	442		$	427		$	483		$	520		$	531		2	%	20	%
As a % of Average Loans	4.16		%	3.90		%	4.28		%	4.66		%	4.79		%
Net Credit Margin (4)	$	1,063		$	1,182		$	1,096		$	1,067		$	1,037		(3	)%	(2	)%
As a % of Avg. Loans (4)	10.01		%	10.79		%	9.71		%	9.55		%	9.35		%
Loans 90+ Days Past Due	$	619		$	664		$	761		$	735		$	693		(6	)%	12	%
As a % of EOP Loans	1.43		%	1.51		%	1.61		%	1.66		%	1.53		%
Loans 30-89 Days Past Due	$	669		$	750		$	777		$	730		$	730		—		9	%
As a % of EOP Loans	1.55		%	1.71		%	1.64		%	1.65		%	1.62		%

(1) Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(2) Average yield is calculated as gross interest revenue earned divided by average loans.

(3) Net interest revenue includes certain fees that are recorded as interest revenue.

(4) Net credit margin represents total revenues, net of interest expense, less net credit losses and policy benefits and claims.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 10

GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 1

(In millions of dollars, except as otherwise noted)

																2Q17 Increase/				Six			Six			YTD 2017 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2016 Increase/
	2016			2016			2016			2017			2017			1Q17		2Q16		2016			2017			(Decrease)

Net Interest Revenue	$	861		$	877		$	840		$	800		$	917		15	%	7	%	$	1,714		$	1,717		—
Non-Interest Revenue	375			368			372			351			373			6	%	(1	)%	751			724			(4	)%
Total Revenues, Net of Interest Expense	1,236			1,245			1,212			1,151			1,290			12	%	4	%	2,465			2,441			(1	)%
Total Operating Expenses	725			707			688			659			735			12	%	1	%	1,443			1,394			(3	)%
Net Credit Losses	260			254			248			253			277			9	%	7	%	538			530			(1	)%
Credit Reserve Build / (Release)	(2		)	32			36			12			50			NM		NM		15			62			NM
Provision for Unfunded Lending Commitments	1			—			(1		)	—			(1		)	(100	)%	NM		2			(1		)	NM
Provision for Benefits and Claims	12			18			23			23			15			(35	)%	25	%	31			38			23	%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	271			304			306			288			341			18	%	26	%	586			629			7	%
Income from Continuing Operations before Taxes	240			234			218			204			214			5	%	(11	)%	436			418			(4	)%
Income Taxes	67			74			64			74			78			5	%	16	%	117			152			30	%
Income from Continuing Operations	173			160			154			130			136			5	%	(21	)%	319			266			(17	)%
Noncontrolling Interests	1			2			1			1			2			100	%	100	%	2			3			50	%
Net Income	$	172		$	158		$	153		$	129		$	134		4	%	(22	)%	$	317		$	263		(17	)%
Average Assets (in billions of dollars)	$	50		$	50		$	46		$	43		$	46		7	%	(8	)%	$	50		$	45		(10	)%
Return on Average Assets	1.38		%	1.26		%	1.32		%	1.22		%	1.17		%					1.27		%	1.18		%
Efficiency Ratio	59		%	57		%	57		%	57		%	57		%					59		%	57		%

Net Credit Losses as a % of Average Loans	4.30		%	4.18		%	4.20		%	4.44		%	4.36		%					4.43		%	4.38		%

Revenue by Business
Retail Banking	$	853		$	881		$	857		$	836		$	923		10	%	8	%	$	1,709		$	1,759		3	%
Citi-Branded Cards	383			364			355			315			367			17	%	(4	)%	756			682			(10	)%
Total	$	1,236		$	1,245		$	1,212		$	1,151		$	1,290		12	%	4	%	$	2,465		$	2,441		(1	)%

Net Credit Losses by Business
Retail Banking	$	137		$	132		$	138		$	137		$	151		10	%	10	%	$	271		$	288		6	%
Citi-Branded Cards	123			122			110			116			126			9	%	2	%	267			242			(9	)%
Total	$	260		$	254		$	248		$	253		$	277		9	%	7	%	$	538		$	530		(1	)%


Income from Continuing Operations by Business
Retail Banking	$	96		$	84		$	85		$	86		$	87		1	%	(9	)%	$	186		$	173		(7	)%
Citi-Branded Cards	77			76			69			44			49			11	%	(36	)%	133			93			(30	)%
Total	$	173		$	160		$	154		$	130		$	136		5	%	(21	)%	$	319		$	266		(17	)%

FX Translation Impact:
Total Revenue - as Reported	$	1,236		$	1,245		$	1,212		$	1,151		$	1,290		12	%	4	%	$	2,465		$	2,441		(1	)%
Impact of FX Translation (1)	(37		)	28			87			74			—							(160		)	—
Total Revenues - Ex-FX (1)	$	1,199		$	1,273		$	1,299		$	1,225		$	1,290		5	%	8	%	$	2,305		$	2,441		6	%

Total Operating Expenses - as Reported	$	725		$	707		$	688		$	659		$	735		12	%	1	%	$	1,443		$	1,394		(3	)%
Impact of FX Translation (1)	(18		)	13			41			35			—							(73		)	—
Total Operating Expenses - Ex-FX (1)	$	707		$	720		$	729		$	694		$	735		6	%	4	%	$	1,370		$	1,394		2	%

Provisions for LLR & PBC - as Reported	$	271		$	304		$	306		$	288		$	341		18	%	26	%	$	586		$	629		7	%
Impact of FX Translation (1)	(8		)	7			24			20			—							(39		)	—
Provisions for LLR & PBC - Ex-FX (1)	$	263		$	311		$	330		$	308		$	341		11	%	30	%	$	547		$	629		15	%

Net Income - as Reported	$	172		$	158		$	153		$	129		$	134		4	%	(22	)%	$	317		$	263		(17	)%
Impact of FX Translation (1)	(9		)	5			14			12			—							(37		)	—
Net Income - Ex-FX (1)	$	163		$	163		$	167		$	141		$	134		(5	)%	(18	)%	$	280		$	263		(6	)%

(1) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the second quarter of 2017 average exchange rates for all periods presented.
Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period’s presentation.

Page 11

GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 2

																2Q17 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2016			2016			2016			2017			2017			1Q17		2Q16

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	1,491			1,494			1,494			1,499			1,496			—		—
Accounts (in millions)	26.6			27.7			27.6			27.9			28.0			—		5	%
Average Deposits	$	25.9		$	25.7		$	25.2		$	25.3		$	27.8		10	%	7	%
Investment Sales	$	6.1		$	5.9		$	5.9		$	5.5		$	5.7		4	%	(7	)%
Investment AUMs	$	32.4		$	31.0		$	28.9		$	32.5		$	34.1		5	%	5	%
Average Loans	$	19.2		$	19.1		$	18.5		$	18.3		$	20.2		10	%	5	%
EOP Loans:
Mortgages	$	4.2		$	4.1		$	3.9		$	4.4		$	4.6		5	%	10	%
Commercial Banking	8.6			8.6			8.5			9.2			9.9			8	%	15	%
Personal and Other	6.3			6.0			5.6			6.1			6.5			7	%	3	%
Total EOP Loans	$	19.1		$	18.7		$	18.0		$	19.7		$	21.0		7	%	10	%

Net Interest Revenue (in millions) (1)	$	585		$	612		$	593		$	582		$	664		14	%	14	%
As a % of Average Loans (1)	12.25		%	12.75		%	12.75		%	12.90		%	13.18		%
Net Credit Losses (in millions)	$	137		$	132		$	138		$	137		$	151		10	%	10	%
As a % of Average Loans	2.87		%	2.75		%	2.97		%	3.04		%	3.00		%
Loans 90+ Days Past Due (in millions)	$	157		$	160		$	136		$	141		$	150		6	%	(4	)%
As a % of EOP Loans	0.82		%	0.86		%	0.76		%	0.72		%	0.71		%
Loans 30-89 Days Past Due (in millions)	$	197		$	196		$	185		$	246		$	216		(12	)%	10	%
As a % of EOP Loans	1.03		%	1.05		%	1.03		%	1.25		%	1.03		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	5.7			5.8			5.8			5.7			5.7			—		—
Purchase Sales (in billions)	$	3.8		$	3.8		$	4.0		$	3.6		$	4.1		14	%	8	%
Average Loans (in billions) (2)	$	5.1		$	5.1		$	5.0		$	4.8		$	5.3		10	%	4	%
EOP Loans (in billions) (2)	$	5.0		$	4.9		$	4.8		$	5.2		$	5.5		6	%	10	%
Average Yield (3)	20.24		%	20.32		%	20.13		%	19.81		%	20.50		%

Net Interest Revenue (in millions) (4)	$	276		$	265		$	247		$	218		$	253		16	%	(8	)%
As a % of Average Loans (4)	21.77		%	20.67		%	19.65		%	18.42		%	19.15		%
Net Credit Losses (in millions)	$	123		$	122		$	110		$	116		$	126		9	%	2	%
As a % of Average Loans	9.70		%	9.52		%	8.75		%	9.80		%	9.54		%
Net Credit Margin (in millions) (5)	$	260		$	242		$	245		$	199		$	241		21	%	(7	)%
As a % of Average Loans (5)	20.50		%	18.88		%	19.49		%	16.81		%	18.24		%
Loans 90+ Days Past Due (in millions)	$	145		$	131		$	130		$	137		$	161		18	%	11	%
As a % of EOP Loans	2.90		%	2.67		%	2.71		%	2.63		%	2.93		%
Loans 30-89 Days Past Due (in millions)	$	137		$	131		$	125		$	145		$	151		4	%	10	%
As a % of EOP Loans	2.74		%	2.67		%	2.60		%	2.79		%	2.75		%

(1) Also includes net interest revenue related to the region’s deposit balances in excess of the average loan portfolio.

(2) Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(3) Average yield is gross interest revenue earned divided by average loans.

(4) Net interest revenue includes certain fees that are recorded as interest revenue.

(5) Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

Page 12

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 1

(In millions of dollars, except as otherwise noted)

																2Q17 Increase/				Six			Six			YTD 2017 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2016 Increase/
	2016			2016			2016			2017			2017			1Q17		2Q16		2016			2017			(Decrease)

Net Interest Revenue	$	1,116		$	1,136		$	1,110		$	1,105		$	1,149		4	%	3	%	$	2,217		$	2,254		2	%
Non-Interest Revenue	613			622			586			617			652			6	%	6	%	1,167			1,269			9	%
Total Revenues, Net of Interest Expense	1,729			1,758			1,696			1,722			1,801			5	%	4	%	3,384			3,523			4	%
Total Operating Expenses	1,146			1,127			1,131			1,180			1,185			—		3	%	2,329			2,365			2	%
Net Credit Losses	160			168			163			160			157			(2	)%	(2	)%	320			317			(1	)%
Credit Reserve Build / (Release)	(24		)	(4		)	11			13			(26		)	NM		(8	)%	(35		)	(13		)	63	%
Provision for Unfunded Lending Commitments	—			(3		)	(1		)	(1		)	(2		)	(100	)%	NM		—			(3		)	NM
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	136			161			173			172			129			(25	)%	(5	)%	285			301			6	%
Income from Continuing Operations before Taxes	447			470			392			370			487			32	%	9	%	770			857			11	%
Income Taxes	150			160			131			124			164			32	%	9	%	258			288			12	%
Income from Continuing Operations	297			310			261			246			323			31	%	9	%	512			569			11	%
Noncontrolling Interests	1			1			1			—			2			NM		100	%	2			2			—
Net Income	$	296		$	309		$	260		$	246		$	321		30	%	8	%	$	510		$	567		11	%
Average Assets (in billions)	$	119		$	121		$	120		$	123		$	125		2	%	5	%	$	118		$	124		5	%
Return on Average Assets	1.00		%	1.02		%	0.86		%	0.81		%	1.03		%					0.87		%	0.92		%
Efficiency Ratio	66		%	64		%	67		%	69		%	66		%					69		%	67		%

Net Credit Losses as a % of Average Loans	0.76		%	0.78		%	0.79		%	0.78		%	0.74		%					0.76		%	0.76		%

Revenue by Business
Retail Banking	$	1,076		$	1,093		$	1,037		$	1,063		$	1,085		2	%	1	%	$	2,117		$	2,148		1	%
Citi-Branded Cards	653			665			659			659			716			9	%	10	%	1,267			1,375			9	%
Total	$	1,729		$	1,758		$	1,696		$	1,722		$	1,801		5	%	4	%	$	3,384		$	3,523		4	%


Net Credit Losses by Business
Retail Banking	$	61		$	73		$	65		$	62		$	54		(13	)%	(11	)%	$	123		$	116		(6	)%
Citi-Branded Cards	99			95			98			98			103			5	%	4	%	197			201			2	%
Total	$	160		$	168		$	163		$	160		$	157		(2	)%	(2	)%	$	320		$	317		(1	)%


Income from Continuing Operations by Business
Retail Banking	$	204		$	190		$	165		$	170		$	193		14	%	(5	)%	$	323		$	363		12	%
Citi-Branded Cards	93			120			96			76			130			71	%	40	%	189			206			9	%
Total	$	297		$	310		$	261		$	246		$	323		31	%	9	%	$	512		$	569		11	%

FX Translation Impact:
Total Revenue - as Reported	$	1,729		$	1,758		$	1,696		$	1,722		$	1,801		5	%	4	%	$	3,384		$	3,523		4	%
Impact of FX Translation (2)	14			2			35			14			—							34			—
Total Revenues - Ex-FX (2)	$	1,743		$	1,760		$	1,731		$	1,736		$	1,801		4	%	3	%	$	3,418		$	3,523		3	%

Total Operating Expenses - as Reported	$	1,146		$	1,127		$	1,131		$	1,180		$	1,185		—		3	%	$	2,329		$	2,365		2	%
Impact of FX Translation (2)	9			1			26			11			—							23			—
Total Operating Expenses - Ex-FX (2)	$	1,155		$	1,128		$	1,157		$	1,191		$	1,185		(1	)%	3	%	$	2,352		$	2,365		1	%

Provisions for LLR & PBC - as Reported	$	136		$	161		$	173		$	172		$	129		(25	)%	(5	)%	$	285		$	301		6	%
Impact of FX Translation (2)	1			—			5			1			—							2			—
Provisions for LLR & PBC - Ex-FX (2)	$	137		$	161		$	178		$	173		$	129		(25	)%	(6	)%	$	287		$	301		5	%

Net Income - as Reported	$	296		$	309		$	260		$	246		$	321		30	%	8	%	$	510		$	567		11	%
Impact of FX Translation (2)	3			1			3			1			—							7			—
Net Income - Ex-FX (2)	$	299		$	310		$	263		$	247		$	321		30	%	7	%	$	517		$	567		10	%

(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(2) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the second quarter of 2017 average exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 13

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 2

																2Q17 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2016			2016			2016			2017			2017			1Q17		2Q16

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	430			427			401			397			379			(5	)%	(12	)%
Accounts (in millions)	17.0			16.8			16.5			16.4			16.3			(1	)%	(4	)%
Average Deposits	$	89.4		$	91.6		$	89.9		$	92.7		$	94.3		2	%	5	%
Investment Sales	$	7.5		$	8.6		$	7.3		$	9.2		$	9.6		4	%	28	%
Investment AUMs	$	56.1		$	56.8		$	55.8		$	59.1		$	62.0		5	%	11	%
Average Loans	$	67.5		$	67.9		$	64.6		$	65.1		$	66.5		2	%	(1	)%
EOP Loans:
Mortgages	$	33.5		$	33.3		$	31.3		$	32.5		$	32.5		—		(3	)%
Commercial Banking	15.2			15.8			14.5			15.5			15.7			1	%	3	%
Personal and Other	18.8			19.0			17.2			18.2			18.6			2	%	(1	)%
Total EOP Loans	$	67.5		$	68.1		$	63.0		$	66.2		$	66.8		1	%	(1	)%

Net Interest Revenue (in millions) (2)	$	664		$	669		$	644		$	636		$	662		4	%	—
As a % of Average Loans (2)	3.96		%	3.92		%	3.97		%	3.96		%	3.99		%
Net Credit Losses (in millions)	$	61		$	73		$	65		$	62		$	54		(13	)%	(11	)%
As a % of Average Loans	0.36		%	0.43		%	0.40		%	0.39		%	0.33		%
Loans 90+ Days Past Due (in millions)	$	178		$	163		$	157		$	165		$	172		4	%	(3	)%
As a % of EOP Loans	0.26		%	0.24		%	0.25		%	0.25		%	0.26		%
Loans 30-89 Days Past Due (in millions)	$	346		$	328		$	327		$	342		$	340		(1	)%	(2	)%
As a % of EOP Loans	0.51		%	0.48		%	0.52		%	0.52		%	0.51		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	16.6			16.4			16.3			16.7			16.7			—		1	%
Purchase Sales (in billions)	$	18.7		$	18.7		$	19.4		$	19.2		$	20.1		5	%	7	%
Average Loans (in billions) (3)	$	17.4		$	17.6		$	17.3		$	18.1		$	18.4		2	%	6	%
EOP Loans (in billions) (3)	$	17.6		$	17.7		$	17.5		$	18.3		$	18.8		3	%	7	%
Average Yield (4)	12.70		%	12.82		%	12.92		%	12.87		%	12.84		%

Net Interest Revenue (in millions) (5)	$	453		$	467		$	466		$	468		$	487		4	%	8	%
As a % of Average Loans (6)	10.47		%	10.56		%	10.72		%	10.49		%	10.62		%
Net Credit Losses (in millions)	$	99		$	95		$	98		$	98		$	103		5	%	4	%
As a % of Average Loans	2.29		%	2.15		%	2.25		%	2.20		%	2.25		%
Net Credit Margin (in millions) (6)	$	554		$	570		$	561		$	561		$	613		9	%	11	%
As a % of Average Loans (6)	12.81		%	12.88		%	12.90		%	12.57		%	13.36		%
Loans 90+ Days Past Due	$	176		$	185		$	180		$	183		$	193		5	%	10	%
As a % of EOP Loans	1.00		%	1.05		%	1.03		%	1.00		%	1.03		%
Loans 30-89 Days Past Due	$	227		$	240		$	224		$	232		$	251		8	%	11	%
As a % of EOP Loans	1.29		%	1.36		%	1.28		%	1.27		%	1.34		%

(1) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(2) Also includes net interest revenue related to the region’s deposit balances in excess of the average loan portfolio.

(3) Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(4) Average yield is gross interest revenue earned divided by average loans.

(5) Net interest revenue includes certain fees that are recorded as interest revenue.

(6) Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

Page 14

INSTITUTIONAL CLIENTS GROUP

(In millions of dollars, except as otherwise noted)

																2Q17 Increase/				Six			Six			YTD 2017 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2016 Increase/
	2016			2016			2016			2017			2017			1Q17		2Q16		2016			2017			(Decrease)

Commissions and Fees	$	956		$	929		$	969		$	985		$	1,020		4	%	7	%	1,960			2,005			2	%
Administration and Other Fiduciary Fees	638			610			592			644			719			12	%	13	%	1,235			1,363			10	%
Investment Banking	1,029			917			969			1,044			1,180			13	%	15	%	1,769			2,224			26	%
Principal Transactions	1,912			2,064			1,783			2,668			2,079			(22	)%	9	%	3,488			4,747			36	%
Other	46			(125		)	(66		)	(5		)	240			NM		NM		39			235			NM
Total Non-Interest Revenue	4,581			4,395			4,247			5,336			5,238			(2	)%	14	%	8,491			10,574			25	%
Net Interest Revenue (including Dividends)	4,108			4,064			3,937			3,790			3,975			5	%	(3	)%	8,093			7,765			(4	)%
Total Revenues, Net of Interest Expense	8,689			8,459			8,184			9,126			9,213			1	%	6	%	16,584			18,339			11	%
Total Operating Expenses	4,763			4,687			4,634			4,945			5,019			1	%	5	%	9,635			9,964			3	%
Net Credit Losses	141			45			119			25			71			NM		(50	)%	352			96			(73	)%
Credit Reserve Build / (Release)	(26		)	(93		)	(53		)	(176		)	(15		)	91	%	42	%	82			(191		)	NM
Provision for Unfunded Lending Commitments	(33		)	(42		)	38			(54		)	31			NM		NM		38			(23		)	NM
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims	82			(90		)	104			(205		)	87			NM		6	%	472			(118		)	NM
Income from Continuing Operations before Taxes	3,844			3,862			3,446			4,386			4,107			(6	)%	7	%	6,477			8,493			31	%
Income Taxes	1,229			1,202			1,065			1,375			1,327			(3	)%	8	%	1,993			2,702			36	%
Income from Continuing Operations	2,615			2,660			2,381			3,011			2,780			(8	)%	6	%	4,484			5,791			29	%
Noncontrolling Interests	17			19			12			15			18			20	%	6	%	27			33			22	%
Net Income	$	2,598		$	2,641		$	2,369		$	2,996		$	2,762		(8	)%	6	%	$	4,457		$	5,758		29	%
EOP Assets (in billions)	$	1,303		$	1,303		$	1,277		$	1,314		$	1,353		3	%	4	%
Average Assets (in billions)	$	1,300		$	1,310		$	1,310		$	1,318		$	1,360		3	%	5	%	$	1,286		$	1,339		4	%
Return on Average Assets (ROA)	0.80		%	0.80		%	0.72		%	0.92		%	0.81		%					0.70		%	0.87		%
Efficiency Ratio	55		%	55		%	57		%	54		%	54		%					58		%	54		%

Revenue by Region
North America	$	3,393		$	3,191		$	2,949		$	3,455		$	3,568		3	%	5	%	$	6,373		$	7,023		10	%
EMEA	2,577			2,506			2,605			2,807			2,837			1	%	10	%	4,744			5,644			19	%
Latin America	1,022			999			994			1,127			1,042			(8	)%	2	%	1,984			2,169			9	%
Asia	1,697			1,763			1,636			1,737			1,766			2	%	4	%	3,483			3,503			1	%
Total Revenues, net of Interest Expense	$	8,689		$	8,459		$	8,184		$	9,126		$	9,213		1	%	6	%	$	16,584		$	18,339		11	%

Income from Continuing Operations by Region
North America	$	1,005		$	1,067		$	877		$	1,100		$	1,112		1	%	11	%	$	1,551		$	2,212		43	%
EMEA	695			649			647			855			779			(9	)%	12	%	1,069			1,634			53	%
Latin America	392			389			343			475			333			(30	)%	(15	)%	722			808			12	%
Asia	523			555			514			581			556			(4	)%	6	%	1,142			1,137			—
Income from Continuing Operations	$	2,615		$	2,660		$	2,381		$	3,011		$	2,780		(8	)%	6	%	$	4,484		$	5,791		29	%

Average Loans by Region (in billions)
North America	$	138		$	140		144			$	140		$	146		4	%	6	%	$	135		$	143		6	%
EMEA	67			68			66			65			67			3	%	—		65			66			2	%
Latin America	38			38			37			37			37			—		(3	)%	39			37			(5	)%
Asia	61			60			57			60			62			3	%	2	%	61			61			—
Total	$	304		$	306		$	304		$	302		$	312		3	%	3	%	$	300		$	307		2	%

EOP Deposits by Region (in billions)
North America	$	275		$	276		$	282		$	287		$	280		(2	)%	2	%
EMEA	162			170			164			161			170			6	%	5	%
Latin America	25			26			26			28			27			(2	)%	7	%
Asia	147			147			140			144			147			2	%	—
Total	$	609		$	619		$	612		$	620		$	624		1	%	2	%

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	407		$	417		$	412		$	417		$	421		1	%	3	%
All Other ICG Businesses	202			202			200			203			203			—		—
Total	$	609		$	619		$	612		$	620		$	624		1	%	2	%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 15

INSTITUTIONAL CLIENTS GROUP

REVENUES BY BUSINESS

(In millions of dollars, except as otherwise noted)

																2Q17 Increase/				Six			Six			YTD 2017 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2016 Increase/
	2016			2016			2016			2017			2017			1Q17		2Q16		2016			2017			(Decrease)

Revenue Details:
Investment Banking:
Advisory	$	238		$	239		$	296		$	246		$	314		28	%	32	%	$	465		$	560		20	%
Equity Underwriting	174			146			190			235			295			26	%	70	%	292			530			82	%
Debt Underwriting	803			698			645			733			877			20	%	9	%	1,331			1,610			21	%


Total Investment Banking	1,215			1,083			1,131			1,214			1,486			22	%	22	%	2,088			2,700			29	%
Treasury and Trade Solutions	1,999			1,986			2,009			2,075			2,065			—		3	%	3,902			4,140			6	%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	383			439			448			434			477			10	%	25	%	831			911			10	%
Private Bank	674			680			671			744			788			6	%	17	%	1,358			1,532			13	%
Total Banking Revenues (Ex-Gain/(Loss) on Loan Hedges) (1)	$	4,271		$	4,188		$	4,259		$	4,467		$	4,816		8	%	13	%	$	8,179		$	9,283		13	%

Corporate Lending — Gain/(Loss) on Loan Hedges (1)	(203		)	(218		)	(107		)	(115		)	9			NM		NM		(269		)	(106		)	61	%
Total Banking Revenues including G(L) on Loan Hedges (1)	$	4,068		$	3,970		$	4,152		$	4,352		$	4,825		11	%	19	%	$	7,910		$	9,177		16	%

Fixed Income Markets	$	3,432		$	3,413		$	2,957		$	3,622		$	3,215		(11	)%	(6	)%	$	6,483		$	6,837		5	%
Equity Markets	776			654			685			769			691			(10	)%	(11	)%	1,473			1,460			(1	)%
Securities Services	529			533			529			543			584			8	%	10	%	1,090			1,127			3	%
Other	(116		)	(111		)	(139		)	(160		)	(102		)	36	%	12	%	(372		)	(262		)	30	%
Total Markets and Securities Services	$	4,621		$	4,489		$	4,032		$	4,774		$	4,388		(8	)%	(5	)%	$	8,674		$	9,162		6	%
Total Revenues, net of Interest Expense	$	8,689		$	8,459		$	8,184		$	9,126		$	9,213		1	%	6	%	$	16,584		$	18,339		11	%

Taxable-equivalent adjustments (2)	$	144		$	162		$	169		$	189		$	153		(19	)%	6	%	$	310		$	342		10	%

Total ICG Revenues including taxable-equivalent adjustments (2)	$	8,833		$	8,621		$	8,353		$	9,315		$	9,366		1	%	6	%	$	16,894		$	18,681		11	%


Commissions and Fees	$	113		$	115		$	122		$	140		$	154		10	%	36	%	237			294			24	%
Principal Transactions (3)	1,765			1,825			1,604			2,318			1,890			(18	)%	7	%	3,109			4,208			35	%
Other	213			171			(9		)	149			181			21	%	(15	)%	429			330			(23	)%
Total Non-Interest Revenue	$	2,091		$	2,111		$	1,717		$	2,607		$	2,225		(15	)%	6	%	$	3,775		$	4,832		28	%
Net Interest Revenue	1,341			1,302			1,240			1,015			990			(2	)%	(26	)%	2,708			2,005			(26	)%
Total Fixed Income Markets	$	3,432		$	3,413		$	2,957		$	3,622		$	3,215		(11	)%	(6	)%	$	6,483		$	6,837		5	%

Rates and Currencies	$	2,461		$	2,362		$	2,230		$	2,503		$	2,227		(11	)%	(10	)%	$	4,697		$	4,730		1	%
Spread Products / Other Fixed Income	971			1,051			727			1,119			988			(12	)%	2	%	1,786			2,107			18	%
Total Fixed Income Markets	$	3,432		$	3,413		$	2,957		$	3,622		$	3,215		(11	)%	(6	)%	$	6,483		$	6,837		5	%

Commissions and Fees	$	319		$	302		$	322		$	316		$	313		(1	)%	(2	)%	676			629			(7	)%
Principal Transactions (3)	(48		)	45			86			166			(25		)	NM		48	%	3			141			NM
Other	127			4			6			8			(7		)	NM		NM		129			1			(99	)%
Total Non-Interest Revenue	$	398		$	351		$	414		$	490		$	281		(43	)%	(29	)%	$	808		$	771		(5	)%
Net Interest Revenue	378			303			271			279			410			47	%	8	%	665			689			4	%
Total Equity Markets	$	776		$	654		$	685		$	769		$	691		(10	)%	(11	)%	$	1,473		$	1,460		(1	)%

(1) Hedges on accrual loans reflect the mark-to-market on credit derivatives used to economically hedge the corporate loan accrual portfolio.

The fixed premium costs of these hedges are netted against the core lending revenues. Citigroup’s results of operations excluding the impact of gain/(loss) on loan hedges are non-GAAP financial measures.

(2) Primarily relates to income tax credits related to affordable housing and alternative energy investments as well as tax exempt income from municipal bond investments.

(3) Excludes principal transactions revenues of ICG businesses other than Markets, primarily treasury and trade solutions and the private bank.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 16

CORPORATE / OTHER (1)

(In millions of dollars, except as otherwise noted)

																2Q17 Increase/				Six			Six
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months
	2016			2016			2016			2017			2017			1Q17		2Q16		2016			2017

Net Interest Revenue	$	820		$	706		$	569		$	545		$	491		(10	)%	(40	)%	$	1,710		$	1,036
Non-interest revenue	365			431			292			632			162			(74	)%	(56	)%	1,421			794
Total Revenues, Net of Interest Expense	1,185			1,137			861			1,177			653			(45	)%	(45	)%	3,131			1,830
Total Operating Expenses	1,309			1,288			1,130			1,117			990			(11	)%	(24	)%	2,559			2,107
Net Credit Losses	101			131			61			81			24			(70	)%	(76	)%	243			105
Credit Reserve Build / (Release)	(223		)	(122		)	(80		)	(35		)	(154		)	NM		31	%	(254		)	(189		)
Provision for Benefits and Claims	29			9			—			1			—			(100	)%	(100	)%	89			1
Provision for Unfunded Lending Commitments	(5		)	—			(2		)	5			(2		)	NM		60	%	(6		)	3
Total provisions for credit losses and for benefits and claims (2)	(98		)	18			(21		)	52			(132		)	NM		(35	)%	72			(80		)
Income from Continuing Operations before Taxes	(26		)	(169		)	(248		)	8			(205		)	NM		NM		500			(197		)
Income Taxes (Benefits)	(173		)	(146		)	(233		)	(96		)	(179		)	(86	)%	(3	)%	(92		)	(275		)
Income (Loss) from Continuing Operations	147			(23		)	(15		)	104			(26		)	NM		NM		592			78
Income (Loss) from Discontinued Operations, net of taxes	(23		)	(30		)	(3		)	(18		)	21			NM		NM		(25		)	3
Noncontrolling Interests	8			(5		)	2			(6		)	10			NM		25	%	1			4
Net Income (Loss)	$	116		$	(48	)	$	(20	)	$	92		$	(15	)	NM		NM		$	566		$	77
EOP Assets (in billions of dollars)	$	117		$	104		$	103		$	95		$	92		(3	)%	(21	)%
Average Assets (in billions of dollars)	$	120		$	111		$	100		$	102		$	95		(7	)%	(21	)%	$	125		$	99
Return on Average Assets	0.39		%	(0.17		)%	(0.08		)%	0.37		%	(0.06		)%					0.91		%	0.16		%
Efficiency Ratio	110		%	113		%	131		%	95		%	152		%					82		%	115		%

Corporate/Other Consumer Key Indicators:

Consumer - International (2)

Branches (actual)	223			224			61			50			49			(2	)%	(78	)%
Average Loans (in billions)	$	6.1		$	5.4		$	2.4		$	2.1		$	1.9		(10	)%	(69	)%	6.4			2.0
EOP Loans (in billions)	$	5.5		$	5.5		$	2.4		$	2.1		$	1.8		(14	)%	(67	)%
Net Interest Revenue	$	259		$	246		$	94		$	76		$	80		5	%	(69	)%
As a % of Average Loans	17.08		%	18.12		%	15.58		%	14.68		%	16.89		%
Net Credit Losses	$	77		$	82		$	32		$	26		$	24		(8	)%	(69	)%	155			50
As a % of Average Loans	5.08		%	6.04		%	5.30		%	5.02		%	5.07		%					2.42		%	2.50		%
Loans 90+ Days Past Due	$	170		$	164		$	94		$	77		$	63		(18	)%	(63	)%
As a % of EOP Loans	3.09		%	2.98		%	3.92		%	3.67		%	3.50		%
Loans 30-89 Days Past Due	$	138		$	135		$	49		$	60		$	44		(27	)%	(68	)%
As a % of EOP Loans	2.51		%	2.45		%	2.04		%	2.86		%	2.44		%

Consumer - North America

Branches (actual)	261			259			251			27			—			(100	)%	(100	)%
Average Loans (in billions of dollars)	$	37.2		$	35.4		$	32.0		$	29.6		$	25.9		(13	)%	(30	)%	38.3			27.8
EOP Loans (in billions of dollars)	$	35.7		$	33.4		$	30.8		$	27.2		$	24.9		(8	)%	(30	)%
Net Interest Revenue	$	296		$	231		$	198		$	204		$	110		(46	)%	(63	)%
As a % of Average Loans	3.20		%	2.60		%	2.46		%	2.80		%	1.70		%
Net Credit Losses	$	24		$	52		$	28		$	43		$	(6	)	NM		NM		89			37
As a % of Average Loans	0.26		%	0.58		%	0.35		%	0.59		%	(0.09		)%					0.23		%	0.13		%
Loans 90+ Days Past Due (3)	$	708		$	693		$	740		$	607		$	538		(11	)%	(24	)%
As a % of EOP Loans	2.09		%	2.17		%	2.52		%	2.35		%	2.28		%
Loans 30-89 Days Past Due (3)	$	720		$	714		$	686		$	555		$	510		(8	)%	(29	)%
As a % of EOP Loans	2.12		%	2.24		%	2.33		%	2.15		%	2.16		%

(1) Includes certain costs of global staff functions, other corporate expenses and certain global operations and technology expenses, Corporate Treasury, certain North America and International consumer loan portfolios, Discontinued operations and other legacy assets.

(2) As a result of Citigroup’s entry into agreements in October 2016 to sell its Brazil and Argentina consumer banking businesses, these businesses were classified as HFS at the end of the fourth quarter 2016. As a result of HFS accounting treatment, approximately $35 million, $44 million and $34 million of cost of credit was recorded as a reduction in revenue (Other revenue) during the fourth quarter of 2016, first quarter of 2017 and second quarter of 2017, respectively. Additionally, the HFS treatment resulted in the reclassification of loans of these businesses to Other assets, where applicable.

(3) See footnote 2 on page 18.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 17

CORPORATE / OTHER

CONSUMER KEY INDICATORS - Continued

(In millions of dollars, except as otherwise noted)

																2Q17 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2016			2016			2016			2017			2017			1Q17		2Q16

North America Mortgages

Residential First	$	16.5		$	15.5		$	13.9		$	12.3		$	11.4		(7	)%	(31	)%
Home Equity	18.0			16.7			15.6			14.7			12.9			(12	)%	(28	)%
Average Loans (in billions of dollars)	$	34.5		$	32.2		$	29.5		$	27.0		$	24.3		(10	)%	(30	)%

Residential First	$	15.8		$	14.8		$	13.4		$	12.3		$	11.0		(11	)%	(30	)%
Home Equity	17.3			16.1			15.0			13.4			12.4			(7	)%	(28	)%
EOP Loans (in billions of dollars)	$	33.1		$	30.9		$	28.4		$	25.7		$	23.4		(9	)%	(29	)%

Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	28.5		$	18.6		$	18.0		$	15.9		$	14.9		(6	)%	(48	)%
Net Servicing & Gain/(Loss) on Sale (1)	$	19.4		$	17.0		$	17.9		$	(265.4	)	$	29.5		NM		52	%
Net Interest Revenue	$	178		$	150		$	114		$	103		$	60		(42	)	(66	)
As a % of Avg. Loans	2.08		%	1.85		%	1.54		%	1.55		%	0.99		%

Residential First	$	(12	)	$	7		$	(23	)	$	7		$	(26	)	NM		NM
Home Equity	13			23			25			10			14			40	%	8	%
Net Credit Losses (NCLs)	$	1		$	30		$	2		$	17		$	(12	)	NM		NM
As a % of Avg. Loans	0.01		%	0.37		%	0.03		%	0.26		%	(0.20		)%

Residential First	$	267		$	245		$	290		$	212		$	175		(17	)%	(34	)%
Home Equity	414			418			420			385			356			(8	)%	(14	)%
Loans 90+ Days Past Due (2) (3)	$	681		$	663		$	710		$	597		$	531		(11	)%	(22	)%
As a % of EOP Loans	2.18		%	2.26		%	2.63		%	2.46		%	2.45		%

Residential First	$	433		$	426		$	395		$	314		$	290		(8	)%	(33	)%
Home Equity	241			244			234			214			197			(8	)%	(18	)%
Loans 30-89 Days Past Due (2) (3)	$	674		$	670		$	629		$	528		$	487		(8	)%	(28	)%
As a % of EOP Loans	2.15		%	2.28		%	2.33		%	2.17		%	2.24		%

(1) The first quarter of 2017 includes the loss related to Citi’s announced exit of it’s U.S. mortgage servicing operations.

The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) for each period were $1.2 billion and ($1.8 billion), $1.0 billion and ($1.5 billion), $0.9 billion and (1.4 billion), $0.8 billion and ($1.4 billion), and $0.7 billion and ($1.3 billion), as of June 30, 2016, September 30, 2016, December 31, 2016, March 31, 2017 and June 30, 2017, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.2 billion and ($1.8 billion), $0.1 billion and ($1.5 billion), $0.2 billion and ($1.4 billion), and $0.1 billion and (1.4 billion), and $0.2 billion and ($1.3 billion), as of June 30, 2016, September 30, 2016, December 31, 2016, March 31, 2017 and June 30, 2017, respectively.

(3) The June 30, 2016, September 30, 2016, December 31, 2016, March 31, 2017 and June 30, 2017 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $9 million, $9 million, $7 million, $7 million and $6 million, respectively, of loans that are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 18

AVERAGE BALANCES AND INTEREST RATES (1)(2)(3)(4)(5)

Taxable Equivalent Basis

	Average Volumes						Interest						% Average Rate (4)
	Second		First		Second		Second		First		Second		Second		First		Second
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2016		2017		2017		2016		2017		2017		2016		2017		2017
Assets:
Deposits with Banks	$	135,245	$	154,765	$	166,023	$	237	$	295	$	375	0.70	%	0.77	%	0.91	%
Fed Funds Sold and Resale Agreements (6)	232,529		247,035		249,263		664		661		828		1.15	%	1.09	%	1.33	%
Trading Account Assets (7)	201,258		195,851		203,661		1,573		1,307		1,523		3.14	%	2.71	%	3.00	%
Investments	351,524		347,355		349,245		1,998		2,019		2,113		2.29	%	2.36	%	2.43	%
Total Loans (net of Unearned Income) (8)	620,648		623,338		634,328		9,765		9,970		10,224		6.33	%	6.49	%	6.46	%
Other Interest-Earning Assets	54,058		56,733		60,107		236		294		260		1.76	%	2.10	%	1.74	%
Total Average Interest-Earning Assets	$	1,595,262	$	1,625,077	$	1,662,627	$	14,473	$	14,546	$	15,323	3.65	%	3.63	%	3.70	%

Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	721,895	$	731,037	$	751,565	$	1,039	$	1,110	$	1,274	0.58	%	0.62	%	0.68	%
Deposit Insurance and FDIC Assessment	—		—		—		267		305		329
Total Deposits	721,895		731,037		751,565		1,306		1,415		1,603		0.73	%	0.78	%	0.86	%
Fed Funds Purchased and Repurchase Agreements (6)	161,202		148,886		160,977		527		493		676		1.31	%	1.34	%	1.68	%
Trading Account Liabilities (7)	73,380		91,882		91,018		96		147		146		0.53	%	0.65	%	0.64	%
Short-Term Borrowings	65,078		95,613		91,556		109		199		202		0.67	%	0.84	%	0.88	%
Long-Term Debt (9)	182,220		183,969		192,144		1,082		1,312		1,409		2.39	%	2.89	%	2.94	%
Total Average Interest-Bearing Liabilities	$	1,203,775	$	1,251,387	$	1,287,260	$	3,120	$	3,566	$	4,036	1.04	%	1.16	%	1.26	%
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment)	$	1,203,775	$	1,251,387	$	1,287,260	$	2,853	$	3,261	$	3,707	0.95	%	1.06	%	1.16	%


Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,353	$	10,980	$	11,287	2.86	%	2.74	%	2.72	%

NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	11,620	$	11,285	$	11,616	2.93	%	2.82	%	2.80	%

2Q17 Increase (Decrease) From													(14	)bps	(2	)bps

2Q17 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													(13	)bps	(2	)bps

(1) Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $117 million for the second quarter of 2016, $123 million for the first quarter of 2017 and $122 million for the second quarter of 2017.

(2) Citigroup average balances and interest rates include both domestic and international operations.

(3) Monthly averages have been used by certain subsidiaries where daily averages are unavailable.

(4) Average rate % is calculated as annualized interest over average volumes.

(5) Preliminary.

(6) Average volumes of securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase are reported net pursuant to FIN 41; the related interest excludes the impact of ASU 2013-01 (Topic 210).

(7) Interest expense on trading account liabilities of ICG is reported as a reduction of interest revenue. Interest revenue and interest expense on cash collateral positions are reported in trading account assets and trading account liabilities, respectively.

(8) Nonperforming loans are included in the average loan balances.

(9) Excludes hybrid financial instruments with changes recorded in Principal Transactions.

Reclassified to conform to the current period’s presentation.

Page 19

DEPOSITS

(In billions of dollars)

											2Q17 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2016		2016		2016		2017		2017		1Q17		2Q16

Global Consumer Banking
North America	$	183.3	$	185.6	$	185.0	$	188.4	$	185.2	(2	)%	1	%
Latin America	26.4		25.8		24.9		27.6		28.7		4	%	9	%
Asia (1)	90.5		93.6		89.9		95.4		95.4		—		5	%
Total	$	300.2	$	305.0	$	299.8	$	311.4	$	309.3	(1	)%	3	%

ICG
North America	$	274.5	$	276.1	$	282.6	$	287.0	$	280.0	(2	)%	2	%
EMEA	162.4		170.0		163.5		160.6		169.8		6	%	5	%
Latin America	25.2		26.1		25.7		27.5		26.9		(2	)%	7	%
Asia	146.5		146.6		140.0		144.4		146.9		2	%	—
Total	$	608.6	$	618.8	$	611.8	$	619.5	$	623.6	1	%	2	%

Corporate/Other	$	29.1	$	16.5	$	17.8	$	19.1	$	25.8	35	%	(11	)%

Total Deposits - EOP	$	937.9	$	940.3	$	929.4	$	950.0	$	958.7	1	%	2	%

Total Deposits - Average	$	935.6	$	944.2	$	935.1	$	940.9	$	960.0	2	%	3	%

Foreign Currency (FX) Translation Impact:
Total EOP Deposits - as Reported	$	937.9	$	940.3	$	929.4	$	950.0	$	958.7	1	%	2	%
Impact of FX Translation (2)	0.7		0.7		17.6		6.7		—
Total EOP Deposits - Ex-FX (2)	$	938.6	$	941.0	$	947.0	$	956.7	$	958.7	—		2	%

(1) Asia GCB includes deposits of certain EMEA countries for all periods presented.

(2) Reflects the impact of FX translation into U.S. Dollars at the second quarter of 2017 exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period’s presentation.

Page 20

EOP LOANS

(In billions of dollars)

											2Q17 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2016		2016		2016		2017		2017		1Q17		2Q16

Global Consumer Banking

North America
Credit Cards	$	120.8	$	125.2	$	133.3	$	126.4	$	130.8	3	%	8	%
Retail Banking	54.8		54.8		55.3		55.5		55.6		—		1	%
Total	$	175.6	$	180.0	$	188.6	$	181.9	$	186.4	2	%	6	%

Latin America
Credit Cards	$	5.0	$	4.9	$	4.8	$	5.2	$	5.5	6	%	10	%
Retail Banking	19.1		18.7		18.0		19.7		21.0		7	%	10	%
Total	$	24.1	$	23.6	$	22.8	$	24.9	$	26.5	6	%	10	%

Asia (1)
Credit Cards	$	17.6	$	17.7	$	17.5	$	18.3	$	18.8	3	%	7	%
Retail Banking	67.5		68.1		63.0		66.2		66.8		1	%	(1	)%
Total	$	85.1	$	85.8	$	80.5	$	84.5	$	85.6	1	%	1	%

Total GCB Consumer Loans
Credit Cards	$	143.4	$	147.8	$	155.6	$	149.9	$	155.1	3	%	8	%
Retail Banking	141.4		141.6		136.3		141.4		143.4		1	%	1	%
Total GCB	$	284.8	$	289.4	$	291.9	$	291.3	$	298.5	2	%	5	%

Corporate/Other - Consumer:

North America
Mortgages	33.1		30.9		28.4		25.7		23.4		(9	)%	(29	)%
Other	2.6		2.5		2.4		1.5		1.5		—		(42	)%
Total	$	35.7	$	33.4	$	30.8	$	27.2	$	24.9	(8	)%	(30	)%

International	$	5.5	$	5.5	$	2.4	$	2.1	$	1.8	(14	)%	(67	)%

Corporate/Other - Other Consumer	0.1		0.1		—		—		0.1		—		—

Total Corporate/Other - Consumer	$	41.3	$	39.0	$	33.2	$	29.3	$	26.8	(9	)%	(35	)%

Total Consumer Loans	$	326.1	$	328.4	$	325.1	$	320.6	$	325.3	1	%	—

Total Corporate Loans
North America	$	139.3	$	144.3	$	142.3	$	142.2	$	146.0	3	%	5	%
EMEA	69.0		67.9		62.5		66.2		71.3		8	%	3	%
Latin America	38.0		37.7		36.9		38.1		37.2		(2	)%	(2	)%
Asia	61.1		60.2		57.6		61.5		64.9		6	%	6	%
Total Corporate Loans	$	307.4	$	310.1	$	299.3	$	308.0	$	319.4	4	%	4	%

Total Loans	$	633.5	$	638.4	$	624.4	$	628.6	$	644.7	3	%	2	%

Foreign Currency (FX) Translation Impact:
Total EOP Loans - as Reported	$	633.5	$	638.4	$	624.4	$	628.6	$	644.7	3	%	2	%
Impact of FX Translation (2)	1.4		1.3		10.3		3.0		—
Total EOP Loans - Ex-FX (2)	$	634.9	$	639.7	$	634.7	$	631.6	$	644.7	2	%	2	%

(1) Asia GCB includes loans of certain EMEA countries for all periods presented.

(2) Reflects the impact of FX translation into U.S. Dollars at the second quarter of 2017 exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period’s presentation.

Page 21

SUPPLEMENTAL DETAIL

CONSUMER LOANS 90+ DAYS DELINQUENCY AMOUNTS AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions of dollars)

	Loans 90+ Days Past Due (1)															EOP Loans
	2Q			3Q			4Q			1Q			2Q			2Q
	2016			2016			2016			2017			2017			2017

GCB (2)
Total	$	1,965		$	2,166		$	2,293		$	2,241		$	2,183		$	298.5
*Ratio*	0.69		%	0.75		%	0.79		%	0.77		%	0.73		%

Retail Bank (2)
Total	$	515		$	579		$	474		$	488		$	477		$	143.4
Ratio	0.37		%	0.41		%	0.35		%	0.35		%	0.33		%
North America (2)	$	180		$	256		$	181		$	182		$	155		$	55.6
Ratio	0.33		%	0.47		%	0.33		%	0.33		%	0.28		%
Latin America	$	157		$	160		$	136		$	141		$	150		$	21.0
Ratio	0.82		%	0.86		%	0.76		%	0.72		%	0.71		%
Asia (3)	$	178		$	163		$	157		$	165		$	172		$	66.8
Ratio	0.26		%	0.24		%	0.25		%	0.25		%	0.26		%

Cards
Total	$	1,450		$	1,587		$	1,819		$	1,753		$	1,706		$	155.1
Ratio	1.01		%	1.07		%	1.17		%	1.17		%	1.10		%
North America - Citi-Branded	$	510		$	607		$	748		$	698		$	659		$	85.6
Ratio	0.66		%	0.75		%	0.87		%	0.85		%	0.77		%
North America - Retail Services	$	619		$	664		$	761		$	735		$	693		$	45.2
Ratio	1.43		%	1.51		%	1.61		%	1.66		%	1.53		%
Latin America	$	145		$	131		$	130		$	137		$	161		$	5.5
Ratio	2.90		%	2.67		%	2.71		%	2.63		%	2.93		%
Asia (3)	$	176		$	185		$	180		$	183		$	193		$	18.8
Ratio	1.00		%	1.05		%	1.03		%	1.00		%	1.03		%

Corporate/Other - Consumer (2) (4)	$	878		$	857		$	834		$	684		$	601		$	26.8
*Ratio*	2.23		%	2.29		%	2.62		%	2.45		%	2.37		%
International	$	170		$	164		$	94		$	77		$	63		$	1.8
Ratio	3.09		%	2.98		%	3.92		%	3.67		%	3.50		%
North America (2) (4) (5)	$	708		$	693		$	740		$	607		$	538		$	25.0
Ratio	2.09		%	2.17		%	2.52		%	2.35		%	2.28		%

Total Citigroup (2) (4)	$	2,843		$	3,023		$	3,127		$	2,925		$	2,784		$	325.3
Ratio	0.88		%	0.93		%	0.97		%	0.92		%	0.86		%

(1) The ratio of 90+ Days Past Due is calculated based on end-of-period loans, net of unearned income.

(2) The 90+ Days Past Due and related ratios for North America Retail Banking and Corporate/Other North America exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 2 on page 9 and footnote 2 on page 18.

(3) Asia includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.

(4) See footnote 3 on page 18.

Reclassified to conform to the current period’s presentation.

Page 22

SUPPLEMENTAL DETAIL

CONSUMER LOANS 30-89 DAYS DELINQUENCY AMOUNTS AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions of dollars)

	Loans 30-89 Days Past Due (1)															EOP Loans
	2Q			3Q			4Q			1Q			2Q			2Q
	2016			2016			2016			2017			2017			2017

GCB (2)
Total	$	2,318		$	2,553		$	2,540		$	2,516		$	2,498		$	298.5
*Ratio*	0.82		%	0.88		%	0.87		%	0.87		%	0.84		%

Retail Bank (2)
Total	$	735		$	722		$	726		$	777		$	747		$	143.4
Ratio	0.52		%	0.51		%	0.54		%	0.55		%	0.52		%
North America (2)	$	192		$	198		$	214		$	189		$	191		$	55.6
Ratio	0.36		%	0.37		%	0.39		%	0.35		%	0.35		%
Latin America	$	197		$	196		$	185		$	246		$	216		$	21.0
Ratio	1.03		%	1.05		%	1.03		%	1.25		%	1.03		%
Asia (3)	$	346		$	328		$	327		$	342		$	340		$	66.8
Ratio	0.51		%	0.48		%	0.52		%	0.52		%	0.51		%

Cards
Total	$	1,583		$	1,831		$	1,814		$	1,739		$	1,751		$	155.1
Ratio	1.10		%	1.24		%	1.17		%	1.16		%	1.13		%
North America - Citi-Branded	$	550		$	710		$	688		$	632		$	619		$	85.6
Ratio	0.71		%	0.87		%	0.80		%	0.77		%	0.72		%
North America - Retail Services	$	669		$	750		$	777		$	730		$	730		$	45.2
Ratio	1.55		%	1.71		%	1.64		%	1.65		%	1.62		%
Latin America	$	137		$	131		$	125		$	145		$	151		$	5.5
Ratio	2.74		%	2.67		%	2.60		%	2.79		%	2.75		%
Asia (3)	$	227		$	240		$	224		$	232		$	251		$	18.8
Ratio	1.29		%	1.36		%	1.28		%	1.27		%	1.34		%

Corporate/Other - Consumer (2) (4)	$	858		$	849		$	735		$	615		$	554		$	26.8
*Ratio*	2.18		%	2.27		%	2.31		%	2.20		%	2.18		%
International	$	138		$	135		$	49		$	60		$	44		$	1.8
Ratio	2.51		%	2.45		%	2.04		%	2.86		%	2.44		%
North America (2) (4)	$	720		$	714		$	686		$	555		$	510		$	25.0
Ratio	2.12		%	2.24		%	2.33		%	2.15		%	2.16		%

Total Citigroup (2) (4)	$	3,176		$	3,402		$	3,275		$	3,131		$	3,052		$	325.3
Ratio	0.98		%	1.04		%	1.01		%	0.98		%	0.94		%

(1) The ratio of 30-89 Days Past Due is calculated based on end-of-period loans, net of unearned income.

(2) The 30-89 Days Past Due and related ratios for North America Retail Banking and Corporate/Other North America exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 2 on page 9 and footnote 2 on page 18.

(3) Asia includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.

(4) See footnote 3 on page 18.

Reclassified to conform to the current period’s presentation.

Page 23

ALLOWANCE FOR CREDIT LOSSES - PAGE 1

(In millions of dollars)

																2Q17 Increase/				Six			Six			YTD 2017 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2016 Increase/
	2016			2016			2016			2017			2017			1Q17		2Q16		2016			2017			(Decrease)

Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	12,712		$	12,304		$	12,439		$	12,060		$	12,030						$	12,626		$	12,060

Gross Credit (Losses)	(2,048		)	(1,948		)	(2,083		)	(2,144		)	(2,130		)	1	%	(4	)%	(4,191		)	(4,274		)	(2	)%
Gross Recoveries	432			423			387			435			420			(3	)%	(3	)%	851			855			—
Net Credit (Losses) / Recoveries (NCLs)	(1,616		)	(1,525		)	(1,696		)	(1,709		)	(1,710		)	—		(6	)%	(3,340		)	(3,419		)	(2	)%
NCLs	1,616			1,525			1,696			1,709			1,710			—		6	%	3,340			3,419			2	%
Net Reserve Builds / (Releases)	(90		)	258			130			(20		)	67			NM		NM		(48		)	47			NM
Net Specific Reserve Builds / (Releases)	(136		)	(37		)	(99		)	(14		)	(111		)	NM		18	%	(16		)	(125		)	NM
Provision for Loan Losses	1,390			1,746			1,727			1,675			1,666			(1	)%	20	%	3,276			3,341			2	%
Other (2) (3) (4) (5) (6) (7)	(182		)	(86		)	(410		)	4			39			NM		NM		(258		)	43
Allowance for Loan Losses at End of Period (1) (a)	$	12,304		$	12,439		$	12,060		$	12,030		$	12,025						$	12,304		$	12,025

Allowance for Unfunded Lending Commitments (8) (a)	$	1,432		$	1,388		$	1,418		$	1,377		$	1,406						$	1,432		$	1,406

Provision for Unfunded Lending Commitments	$	(30	)	$	(45	)	$	33		$	(43	)	$	28						$	41		$	(15	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	13,736		$	13,827		$	13,478		$	13,407		$	13,431						$	13,736		$	13,431

Total Allowance for Loan Losses as a Percentage of Total Loans (9) (10)	1.96		%	1.97		%	1.94		%	1.93		%	1.88		%

Consumer:
Allowance for Loan Losses at Beginning of Period (1)	$	9,807		$	9,432		$	9,673		$	9,358		$	9,495						$	9,835		$	9,358

Net Credit Losses (NCLs)	(1,475		)	(1,483		)	(1,576		)	(1,672		)	(1,633		)	2	%	(11	)%	(2,989		)	(3,305		)	(11	)%
NCLs	1,475			1,483			1,576			1,672			1,633			(2	)%	11	%	2,989			3,305			11	%
Net Reserve Builds / (Releases)	(74		)	368			93			146			71			(51	)%	NM		(36		)	217			NM
Net Specific Reserve Builds / (Releases)	(125		)	(36		)	(10		)	(2		)	(84		)	NM		33	%	(106		)	(86		)	19	%
Provision for Loan Losses	1,276			1,815			1,659			1,816			1,620			(11	)%	27	%	2,847			3,436			21	%
Other (2) (3) (4) (5) (6) (7)	(176		)	(91		)	(398		)	(7		)	33			NM		NM		(261		)	26			NM
Allowance for Loan Losses at End of Period (1) (a)	$	9,432		$	9,673		$	9,358		$	9,495		$	9,515						$	9,432		$	9,515

Consumer Allowance for Unfunded Lending Commitments (8) (a)	$	42		$	39		$	35		$	41		$	40						$	42		$	40

Provision for Unfunded Lending Commitments	$	4		$	(4	)	$	(3	)	$	6		$	(1	)					$	5		$	5

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	9,474		$	9,712		$	9,393		$	9,536		$	9,555						$	9,474		$	9,555

Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (9)	2.89		%	2.95		%	2.88		%	2.96		%	2.93		%

Corporate
Allowance for Loan Losses at Beginning of Period (1)	$	2,905		$	2,872		$	2,766		$	2,702		$	2,535						$	2,791		$	2,702

Net Credit (Losses) / Recoveries (NCL’s)	(141		)	(42		)	(120		)	(37		)	(77		)	NM		45	%	(351		)	(114		)	68	%
NCLs	141			42			120			37			77			NM		(45	)%	351			114			(68	)%
Net Reserve Builds / (Releases)	(16		)	(110		)	37			(166		)	(4		)	98	%	75	%	(12		)	(170		)	NM
Net Specific Reserve Builds / (Releases)	(11		)	(1		)	(89		)	(12		)	(27		)	NM		NM		90			(39		)	NM
Provision for Loan Losses	114			(69		)	68			(141		)	46			NM		(60	)%	429			(95		)	NM
Other (2)	(6		)	5			(12		)	11			6							3			17
Allowance for Loan Losses at End of Period (1) (b)	$	2,872		$	2,766		$	2,702		$	2,535		$	2,510						$	2,872		$	2,510

Corporate Allowance for Unfunded Lending Commitments (8) (b)	$	1,390		$	1,349		$	1,383		$	1,336		$	1,366						$	1,390		$	1,366

Provision for Unfunded Lending Commitments	$	(34	)	$	(41	)	$	36		$	(49	)	$	29						$	36		$	(20	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	4,262		$	4,115		$	4,085		$	3,871		$	3,876						$	4,262		$	3,876

Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (10)	0.95		%	0.90		%	0.91		%	0.83		%	0.80		%

Footnotes to these tables are on the following page (page 25).

Page 24

ALLOWANCE FOR CREDIT LOSSES - PAGE 2

The following footnotes relate to the tables on the prior page (page 24).

(1) Allowance for credit losses represents management’s estimate of probable losses inherent in the portfolio. Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb probable credit losses inherent in the portfolio.

(2) Includes all adjustments to the allowance for credit losses, such as changes in the allowance from acquisitions, dispositions, securitizations, foreign currency translation (FX translation), purchase accounting adjustments, etc.

(3) The second quarter of 2016 includes a reduction of approximately $101 million related to the sale or transfers to held-for-sale (HFS) of various loan portfolios, including a reduction of $24 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the second quarter includes a reduction of approximately $75 million related to FX translation.

(4) The third quarter of 2016 includes a reduction of approximately $58 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $50 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the third quarter includes a reduction of approximately $46 million related to FX translation.

(5) The fourth quarter of 2016 includes a reduction of approximately $267 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $3 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the fourth quarter includes a reduction of approximately $141 million related to FX translation.

(6) The first quarter of 2017 includes a reduction of approximately $161 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $37 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the first quarter includes an increase of approximately $164 million related to FX translation.

(7) The second quarter of 2017 includes a reduction of approximately $19 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $19 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the second quarter includes an increase of approximately $50 million related to FX translation.

(8) Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

(9) June 30, 2016, September 30, 2016, December 31, 2016, March 31, 2017 and June 30, 2017 exclude $32 million, $31 million, $29 million, $28 million and $27 million, respectively, of consumer loans which are carried at fair value.

(10) June 30, 2016, September 30, 2016, December 31, 2016, March 31, 2017 and June 30, 2017 exclude $4.1 billion, $3.9 billion, $3.5 billion, $4.0 billion and $4.2 billion, respectively, of corporate loans which are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 25

COMPONENTS OF PROVISION FOR LOAN LOSSES

(In millions of dollars)

																2Q17 Increase/				Six			Six			YTD 2017 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2016 Increase/
	2016			2016			2016			2017			2017			1Q17		2Q16		2016			2017			(Decrease)

Global Consumer Banking
Net Credit Losses	1,374			1,349			1,516			1,603			1,615			1	%	18	%	2,745			3,218			17	%
Credit Reserve Build / (Release)	23			436			164			177			125			(29	)%	NM		108			302			NM
North America
Net Credit Losses	954			927			1,105			1,190			1,181			(1	)%	24	%	1,887			2,371			26	%
Credit Reserve Build / (Release)	49			408			117			152			101			(34	)%	NM		128			253			98	%
Retail Banking
Net Credit Losses	45			52			83			37			39			5	%	(13	)%	70			76			9	%
Credit Reserve Build / (Release)	(12		)	(40		)	(22		)	7			(7		)	NM		42	%	51			—			(100	)%
Citi-Branded Cards
Net Credit Losses	467			448			539			633			611			(3	)%	31	%	922			1,244			35	%
Credit Reserve Build / (Release)	58			263			78			92			26			(72	)%	(55	)%	43			118			NM
Citi Retail Services
Net Credit Losses	442			427			483			520			531			2	%	20	%	895			1,051			17	%
Credit Reserve Build / (Release)	3			185			61			53			82			55	%	NM		34			135			NM
Latin America
Net Credit Losses	260			254			248			253			277			9	%	7	%	538			530			(1	)%
Credit Reserve Build / (Release)	(2		)	32			36			12			50			NM		NM		15			62			NM
Retail Banking
Net Credit Losses	137			132			138			137			151			10	%	10	%	271			288			6	%
Credit Reserve Build / (Release)	(3		)	47			31			14			27			93	%	NM		13			41			NM
Citi-Branded Cards
Net Credit Losses	123			122			110			116			126			9	%	2	%	267			242			(9	)%
Credit Reserve Build / (Release)	1			(15		)	5			(2		)	23			NM		NM		2			21			NM
Asia (1)
Net Credit Losses	160			168			163			160			157			(2	)%	(2	)%	320			317			(1	)%
Credit Reserve Build / (Release)	(24		)	(4		)	11			13			(26		)	NM		(8	)%	(35		)	(13		)	63	%
Retail Banking
Net Credit Losses	61			73			65			62			54			(13	)%	(11	)%	123			116			(6	)%
Credit Reserve Build / (Release)	(21		)	—			12			(6		)	(9		)	(50	)%	57	%	(18		)	(15		)	17	%
Citi-Branded Cards
Net Credit Losses	99			95			98			98			103			5	%	4	%	197			201			2	%
Credit Reserve Build / (Release)	(3		)	(4		)	(1		)	19			(17		)	NM		NM		(17		)	2			NM

Institutional Clients Group (ICG)
Net Credit Losses	141			45			119			25			71			NM		(50	)%	352			96			(73	)%
Credit Reserve Build / (Release)	(26		)	(93		)	(53		)	(176		)	(15		)	91	%	42	%	82			(191		)	NM

Corporate / Other
Net Credit Losses	101			131			61			81			24			(70	)%	(76	)%	243			105			(57	)%
Credit Reserve Build / (Release)	(223		)	(122		)	(80		)	(35		)	(154		)	NM		31	%	(254		)	(189		)	26	%

Total Provision for Loan Losses	$	1,390		$	1,746		$	1,727		$	1,675		$	1,666		(1	)%	20	%	$	3,276		$	3,341		2	%

(1) Asia GCB includes NCLs and credit reserve builds (releases) for certain EMEA countries for all periods presented.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 26

NON-ACCRUAL ASSETS

(In millions of dollars)

																2Q17 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2016			2016			2016			2017			2017			1Q17		2Q16
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region
North America	$	1,280		$	1,057		$	984		$	993		$	944		(5	)%	(26	)%
EMEA	762			857			904			828			727			(12	)%	(5	)%
Latin America	267			380			379			342			281			(18	)%	5	%
Asia	151			121			154			176			146			(17	)%	(3	)%
Total	$	2,460		$	2,415		$	2,421		$	2,339		$	2,098		(10	)%	(15	)%

Consumer Non-Accrual Loans By Region (2) (3)
North America	$	2,520		$	2,429		$	2,160		$	1,926		$	1,754		(9	)%	(30	)%
Latin America	884			841			711			737			793			8	%	(10	)%
Asia (4)	301			282			287			292			301			3	%	—
Total	$	3,705		$	3,552		$	3,158		$	2,955		$	2,848		(4	)%	(23	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

Institutional Clients Group	$	13		$	12		$	14		$	13		$	26		100	%	100	%
Global Consumer Banking	38			41			34			33			33			—		(13	)%
Corporate/Other	124			108			138			127			109			(14	)%	(12	)%
TOTAL OTHER REAL ESTATE OWNED (OREO) (5)	$	175		$	161		$	186		$	173		$	168		(3	)%	(4	)%

OREO By Region:
North America	$	151		$	132		$	161		$	136		$	128		(6	)%	(15	)%
EMEA	—			1			—			1			1			—		100	%
Latin America	19			18			18			31			31			—		63	%
Asia	5			10			7			5			8			60	%	60	%
Total	$	175		$	161		$	186		$	173		$	168		(3	)%	(4	)%

Other Repossessed Assets	$	—		$	—		$	—		$	—		$	—		—		—

Non-Accrual Assets (NAA) (6)
Corporate Non-Accrual Loans	$	2,460		$	2,415		$	2,421		$	2,339		$	2,098		(10	)%	(15	)%
Consumer Non-Accrual Loans	3,705			3,552			3,158			2,955			2,848			(4	)%	(23	)%
Non-Accrual Loans (NAL)	6,165			5,967			5,579			5,294			4,946			(7	)%	(20	)%
OREO	175			161			186			173			168			(3	)%	(4	)%
Other Repossessed Assets	—			—			—			—			—			—		—
Non-Accrual Assets (NAA)	$	6,340		$	6,128		$	5,765		$	5,467		$	5,114		(6	)%	(19	)%

NAL as a % of Total Loans	0.97		%	0.93		%	0.89		%	0.84		%	0.77		%
NAA as a % of Total Assets	0.35		%	0.34		%	0.32		%	0.30		%	0.27		%

Allowance for Loan Losses as a % of NAL	200		%	208		%	216		%	227		%	243		%

(1) Corporate loans are placed on non-accrual status based upon a review by Citigroup’s risk officers. Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for Consumer loans: Consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due; residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency. As such, the non-accrual loan disclosures do not include credit card loans.

(2) The fourth quarter of 2016 reflects the transfers of non accrual loans to HFS resulting from the agreements to sell the Brazil and Argentina consumer banking businesses.

(3) Excludes SOP 03-3 purchased distressed loans.

(4) Asia GCB includes balances for certain EMEA countries for all periods presented.

(5) Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral. Also includes former premises and property for use that is no longer contemplated.

(6) There is no industry-wide definition of non-accrual assets. As such, analysis against the industry is not always comparable.

Reclassified to conform to the current period’s presentation.

Page 27

CITIGROUP

REGULATORY CAPITAL RATIOS, TANGIBLE COMMON EQUITY, BOOK VALUE PER

SHARE, TANGIBLE BOOK VALUE PER SHARE AND RETURNS ON EQUITY

(In millions of dollars or shares, except per share amounts and ratios)


																Six			Six
	June 30,			September 30,			December 31,			March 31,			June 30,			Months			Months
	2016			2016			2016			2017(2)			2017(3)			2016			2017
Common Equity Tier 1 Capital Ratio and Components(1)

Citigroup Common Stockholders’ Equity(4)	$	212,819		$	212,506		$	206,051		$	208,907		$	210,950
Add: Qualifying noncontrolling interests	134			140			129			133			143
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(5)	(149		)	(232		)	(560		)	(562		)	(445		)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(6)	574			335			(61		)	(173		)	(291		)
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(7)	21,854			21,763			20,858			21,448			21,589
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	5,358			5,177			4,876			4,738			4,587
Defined benefit pension plan net assets	964			891			857			836			796
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	22,942			22,503			21,337			21,077			20,832
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(8)	6,876			7,077			9,357			9,012			8,851
Common Equity Tier 1 Capital (CET1)	$	154,534		$	155,132		$	149,516		$	152,664		$	155,174
Risk-Weighted Assets (RWA)	$	1,232,856		$	1,228,283		$	1,189,680		$	1,191,463		$	1,189,490
Common Equity Tier 1 Capital Ratio (CET1/RWA)	12.53		%	12.63		%	12.57		%	12.81		%	13.0		%

Supplementary Leverage Ratio and Components

Common Equity Tier 1 Capital (CET1)	$	154,534		$	155,132		$	149,516		$	152,664		$	155,174
Additional Tier 1 Capital (AT1)(9)	19,493			19,628			19,874			19,791			19,913
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	174,027		$	174,760		$	169,390		$	172,455		$	175,087
Total Leverage Exposure (TLE)	$	2,326,929		$	2,360,520		$	2,345,391		$	2,372,333		$	2,418,375
Supplementary Leverage Ratio (T1C/TLE)	7.48		%	7.40		%	7.22		%	7.27		%	7.2		%
Net DTAs Excluded from Common Equity Tier 1 Capital	28,023			27,818			29,246			28,671			28,224

Tangible Common Equity, Book Value Per Share, Tangible Book Value Per Share and Returns on Equity

Common Stockholders’ Equity	$	212,635		$	212,322		$	205,867		$	208,723		$	210,766
Less:
Goodwill	22,496			22,539			21,659			22,265			22,349
Intangible assets (other than MSRs)	5,521			5,358			5,114			5,013			4,887
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS	30			30			72			48			120
Tangible Common Equity (TCE)	$	184,588		$	184,395		$	179,022		$	181,397		$	183,410
Common Shares Outstanding (CSO)	2,905.4			2,849.7			2,772.4			2,753.3			2,724.6
Book Value Per Share (Common Equity/CSO)	$	73.19		$	74.51		$	74.26		$	75.81		$	77.36
Tangible Book Value Per Share (TCE/CSO)	$	63.53		$	64.71		$	64.57		$	65.88		$	67.32

Net Income Available to Common Shareholders	$	3,676		$	3,615		$	3,253		$	3,789		$	3,552		$	6,967		$	7,341
Average Common Stockholders’ Equity	$	210,146		$	212,321		$	208,965		$	206,903		$	209,693		$	208,615		$	208,298
Average TCE	$	184,130		$	184,492		$	181,709		$	180,210		$	182,404		$	182,420		$	181,276
Less: Average Net DTAs Excluded from Common Equity Tier 1 Capital(10)	28,503			27,921			28,532			28,959			28,448			29,333			28,714
Average TCE, Excluding Average Net DTAs Excluded from Common Equity Tier 1 Capital	$	155,627		$	156,571		$	153,177		$	151,251		$	153,956		$	153,087		152,562

Return on Average Common Stockholders’ Equity	7.0		%	6.8		%	6.2		%	7.4		%	6.8		%	6.7		%	7.1		%
Return on Average TCE (ROTCE)(11)	8.0		%	7.8		%	7.1		%	8.5		%	7.8		%	7.7		%	8.2		%
Return on Average TCE, Excluding Average Net DTAs Excluded from Common Equity Tier 1 Capital	9.5		%	9.2		%	8.4		%	10.2		%	9.3		%	9.2		%	9.7		%

(1) See footnote 1 on page 1.

(2) See footnote 3 on page 1.

(3) Preliminary.

(4) Excludes issuance costs related to outstanding preferred stock in accordance with Federal Reserve Board regulatory reporting requirements.

(5) Common Equity Tier 1 Capital is adjusted for accumulated net unrealized gains (losses) on cash flow hedges included in accumulated other comprehensive income that relate to the hedging of items not recognized at fair value on the balance sheet.

(6) The cumulative impact of changes in Citigroup’s own creditworthiness in valuing liabilities for which the fair value option has been elected and own-credit valuation adjustments on derivatives are excluded from Common Equity Tier 1 Capital, in accordance with the U.S. Basel III rules.

(7) Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.

(8) Assets subject to 10%/15% limitations include MSRs, DTAs arising from temporary differences and significant common stock investments in unconsolidated financial institutions.

For all periods presented, the deduction related only to DTAs arising from temporary differences that exceeded the 10% limitation.

(9) Additional Tier 1 Capital primarily includes qualifying noncumulative perpetual preferred stock and qualifying trust preferred securities.

(10) Represents average net DTAs excluded in arriving at Common Equity Tier 1 Capital under full implementation of the U.S. Basel III rules.

(11) ROTCE represents annualized net income available to common shareholders as a perecentage of average TCE.

Reclassified to conform to the current period’s presentation.

Page 28

CITIGROUP INC - FORM 8-K - EX-99.2 - July 14, 2017

Attached files