CITIGROUP INC - FORM 8-K - EX-99.2

Attached files

file	filename
8-K - 8-K - CITIGROUP INC	a18-3170_18k.htm
EX-99.1 - EX-99.1 - CITIGROUP INC	a18-3170_1ex99d1.htm

Exhibit 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

4Q17

	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 (1)	11 - 12
Asia (2)	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

CET1 Capital and Supplementary Leverage Ratios, Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share	28

(1) Latin America GCB consists of Cit’s consumer banking operations in Mexico.

(2) 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)

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

Total Revenues, Net of Interest Expense	$	17,012		$	18,120		$	17,901		$	18,173		$	17,255		(5	)%	1	%	$	69,875		$	71,449		2	%
Total Operating Expenses	10,120			10,477			10,506			10,171			10,083			(1	)%	—		41,416			41,237			—
Net Credit Losses (NCLs)	1,696			1,709			1,710			1,777			1,880			6	%	11	%	6,561			7,076			8	%
Credit Reserve Build / (Release)	31			(34		)	(44		)	369			136			(63	)%	NM		188			427			NM
Provision / (Release) for Unfunded Lending Commitments	33			(43		)	28			(175		)	29			NM		(12	)%	29			(161		)	NM
Provision for Benefits and Claims	32			30			23			28			28			—		(13	)%	204			109			(47	)%
Provisions for Credit Losses and for Benefits and Claims	$	1,792		$	1,662		$	1,717		$	1,999		$	2,073		4	%	16	%	$	6,982		$	7,451		7	%
Income from Continuing Operations before Income Taxes	$	5,100		$	5,981		$	5,678		$	6,003		$	5,099		(15	)%	—		$	21,477		$	22,761		6	%
Income Taxes (Benefits)	1,509			1,863			1,795			1,866			23,270			NM		NM		6,444			28,794			NM
Income (Loss) from Continuing Operations	$	3,591		$	4,118		$	3,883		$	4,137		$	(18,171	)	NM		NM		$	15,033		$	(6,033	)	NM
Income (Loss) from Discontinued Operations, net of Taxes	(3		)	(18		)	21			(5		)	(109		)	NM		NM		(58		)	(111		)	(91	)%
Net Income (Loss) before Noncontrolling Interests	$	3,588		$	4,100		$	3,904		$	4,132		$	(18,280	)	NM		NM		$	14,975		$	(6,144	)	NM
Net Income Attributable to Noncontrolling Interests	15			10			32			(1		)	19			NM		27	%	63			60			(5	)%
Citigroup’s Net Income (Loss)	$	3,573		$	4,090		$	3,872		$	4,133		$	(18,299	)	NM		NM		$	14,912		$	(6,204	)	NM

Diluted Earnings Per Share:
Income (Loss) from Continuing Operations	$	1.14		$	1.36		$	1.27		$	1.42		$	(7.11	)	NM		NM		$	4.74		$	(2.72	)	NM
Citigroup’s Net Income (Loss)	$	1.14		$	1.35		$	1.28		$	1.42		$	(7.15	)	NM		NM		$	4.72		$	(2.76	)	NM
Shares (in millions):
Average Basic	2,813.8			2,765.3			2,739.1			2,683.6			2,606.2			(3	)%	(7	)%	2,888.1			2,698.5			(7	)%
Average Diluted	2,814.2			2,765.5			2,739.2			2,683.7			2,606.2			(3	)%	(7	)%	2,888.3			2,698.5			(7	)%
Common Shares Outstanding, at period end	2,772.4			2,753.3			2,724.6			2,644.0			2,569.8			(3	)%	(7	)%

Preferred Dividends	$	320		$	301		$	320		$	272		$	320		18	%	—		$	1,077		$	1,213		13	%

Income Allocated to Unrestricted Common Shareholders - Basic
Income (Loss) from Continuing Operations	$	3,207		$	3,752		$	3,483		$	3,813		$	(18,522	)	NM		NM		$	13,698		$	(7,343	)	NM
Citigroup’s Net Income (Loss)	$	3,204		$	3,734		$	3,504		$	3,808		$	(18,631	)	NM		NM		$	13,640		$	(7,454	)	NM

Income Allocated to Unrestricted Common Shareholders - Diluted
Income (Loss) from Continuing Operations	$	3,207		$	3,752		$	3,483		$	3,813		$	(18,522	)	NM		NM		$	13,698		$	(7,343	)	NM
Citigroup’s Net Income (Loss)	$	3,204		$	3,734		$	3,504		$	3,808		$	(18,631	)	NM		NM		$	13,640		$	(7,454	)	NM

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 (CET1) Capital Ratio (2) (3) (4)	12.57		%	12.81		%	13.06		%	12.98		%	12.3		%
Tier 1 Capital Ratio(2) (3) (4)	14.24		%	14.48		%	14.74		%	14.61		%	14.0		%
Total Capital Ratio(2) (3) (4)	16.24		%	16.52		%	16.93		%	16.95		%	16.2		%
Supplementary Leverage Ratio(3) (4) (5)	7.22		%	7.27		%	7.24		%	7.11		%	6.7		%
Return on Average Assets	0.78		%	0.91		%	0.83		%	0.87		%	(3.80		)%					0.82		%	(0.33		)%
Return on Average Common Equity	6.2		%	7.4		%	6.8		%	7.3		%	(36.3		)%					6.6		%	(3.6		)%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)	59		%	58		%	59		%	56		%	58		%					59		%	58		%

Balance Sheet Data(3) (in billions of dollars, except per share amounts):
Total Assets	$	1,792.1		$	1,821.5		$	1,864.1		$	1,889.1		$	1,843.1		(2	)%	3	%
Total Average Assets	1,819.8			1,830.6			1,869.2			1,892.3			1,909.7			1	%	5	%	$	1,808.7		$	1,875.7		4	%
Total Deposits	929.4			950.0			958.7			964.0			959.8			—		3	%
Citigroup’s Stockholders’ Equity(4)	225.1			228.0			230.0			227.6			201.3			(12	)%	(11	)%
Book Value Per Share(4)	74.26			75.81			77.36			78.81			70.85			(10	)%	(5	)%
Tangible Book Value Per Share(4)(6)	64.57			65.88			67.32			68.55			60.40			(12	)%	(6	)%

Direct Staff (in thousands)	219			215			214			213			209			(2	)%	(5	)%

(1) The 4Q17 and full year 2017 include the impact of the enactment of the Tax Cuts and Jobs Act (Tax Reform), which was signed into law on December 22, 2017. The final impact of Tax Reform may differ from these estimates, due to, among other things, changes in interpretations and assumptions made by Citigroup, additional guidance that may be issued by the U.S. Department of the Treasury and actions Citigroup may take as a result of Tax Reform.

(2) Citi’s reportable CET1 Capital and Tier 1 Capital ratios were derived under the U.S. Basel III Standardized Approach as of June 30, 2017 and for all subsequent periods, and the U.S. Basel III Advanced Approaches framework for all 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. The reportable ratios represent the lower of each 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. For the composition of Citi’s CET1 Capital and ratio, see page 28.

(3) December 31, 2017 is preliminary.

(4) 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. 1Q17 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.

(5) 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.

(6) 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)

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


Revenues

Interest revenue	$	14,439		$	14,423		$	15,201		$	15,821		$	15,759		—		9	%	$	57,615		$	61,204		6	%

Interest expense	3,277			3,566			4,036			4,379			4,536			4	%	38	%	12,511			16,517			32	%
Net interest revenue	11,162			10,857			11,165			11,442			11,223			(2	)%	1	%	45,104			44,687			(1	)%

Commissions and fees	2,997			3,114			3,307			3,312			3,206			(3	)%	7	%	11,938			12,939			8	%
Principal transactions	1,691			3,022			2,562			2,170			1,414			(35	)%	(16	)%	7,585			9,168			21	%
Administrative and other fiduciary fees	676			707			789			795			788			(1	)%	17	%	2,783			3,079			11	%
Realized gains (losses) on investments	275			192			221			213			152			(29	)%	(45	)%	948			778			(18	)%
Other-than-temporary impairment losses on investments and other assets	(5		)	(12		)	(20		)	(15		)	(16		)	(7	)%	NM		(620		)	(63		)	90	%
Other revenue	216			240			(123		)	256			488			91	%	NM		2,137			861			(60	)%
Total non-interest revenues	5,850			7,263			6,736			6,731			6,032			(10	)%	3	%	24,771			26,762			8	%
Total revenues, net of interest expense	17,012			18,120			17,901			18,173			17,255			(5	)%	1	%	69,875			71,449			2	%

Provisions for Credit Losses and for Benefits and Claims

Net credit losses	1,696			1,709			1,710			1,777			1,880			6	%	11	%	6,561			7,076			8	%
Credit reserve build / (release)	31			(34		)	(44		)	369			136			(63	)%	NM		188			427			NM
Provision for loan losses	1,727			1,675			1,666			2,146			2,016			(6	)%	17	%	6,749			7,503			11	%
Provision for Policyholder benefits and claims	32			30			23			28			28			—		(13	)%	204			109			(47	)%
Provision for unfunded lending commitments	33			(43		)	28			(175		)	29			NM		(12	)%	29			(161		)	NM
Total provisions for credit losses and for benefits and claims	1,792			1,662			1,717			1,999			2,073			4	%	16	%	6,982			7,451			7	%

Operating Expenses
Compensation and benefits	4,982			5,534			5,463			5,304			4,880			(8	)%	(2	)%	20,970			21,181			1	%
Premises and Equipment	625			620			604			608			621			2	%	(1	)%	2,542			2,453			(4	)%
Technology / communication expense	1,685			1,659			1,690			1,759			1,783			1	%	6	%	6,685			6,891			3	%
Advertising and marketing expense	406			373			432			417			386			(7	)%	(5	)%	1,632			1,608			(1	)%
Other operating	2,422			2,291			2,317			2,083			2,413			16	%	—		9,587			9,104			(5	)%
Total operating expenses	10,120			10,477			10,506			10,171			10,083			(1	)%	—		41,416			41,237			—

Income from Continuing Operations before Income Taxes	5,100			5,981			5,678			6,003			5,099			(15	)%	—		21,477			22,761			6	%
Provision (benefits) for income taxes	1,509			1,863			1,795			1,866			23,270			NM		NM		6,444			28,794			NM

Income (Loss) from Continuing Operations	3,591			4,118			3,883			4,137			(18,171		)	NM		NM		15,033			(6,033		)	NM
Discontinued Operations
Income (Loss) from Discontinued Operations	(4		)	(28		)	33			(9		)	(100		)	NM		NM		(80		)	(104		)	(30	)%
Provision (benefits) for income taxes	(1		)	(10		)	12			(4		)	9			NM		NM		(22		)	7			NM
Income (Loss) from Discontinued Operations, net of taxes	(3		)	(18		)	21			(5		)	(109		)	NM		NM		(58		)	(111		)	(91	)%

Net Income (Loss) before Noncontrolling Interests	3,588			4,100			3,904			4,132			(18,280		)	NM		NM		14,975			(6,144		)	NM

Net Income (Loss) attributable to noncontrolling interests	15			10			32			(1		)	19			NM		27	%	63			60			(5	)%
Citigroup’s Net Income (Loss)	$	3,573		$	4,090		$	3,872		$	4,133		$	(18,299	)	NM		NM		$	14,912		$	(6,204	)	NM

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

																4Q17 Increase/
	December 31,			March 31,			June 30,			September 30,			December 31,			(Decrease) from
	2016			2017			2017			2017			2017 (1)			3Q17		4Q16
Assets
Cash and due from banks (including segregated cash and other deposits)	$	23,043		$	22,272		$	20,940		$	22,604		$	23,775		5	%	3	%
Deposits with banks	137,451			157,773			165,142			163,505			156,741			(4	)%	14	%
Fed funds sold and securities borr’d or purch under agree. to resell	236,813			242,929			234,065			252,608			232,478			(8	)%	(2	)%
Brokerage receivables	28,887			36,888			40,487			38,076			38,384			1	%	33	%
Trading account assets	243,925			244,903			259,606			258,907			251,405			(3	)%	3	%
Investments
Available-for-sale and non-marketable equity securities(2)	307,637			297,891			301,535			303,147			298,970			(1	)%	(3	)%
Held-to-maturity	45,667			47,820			50,175			51,527			53,320			3	%	17	%
Total Investments	353,304			345,711			351,710			354,674			352,290			(1	)%	—
Loans, net of unearned income
Consumer	325,063			320,556			325,261			325,576			333,656			2	%	3	%
Corporate	299,306			308,039			319,434			327,607			333,378			2	%	11	%
Loans, net of unearned income	624,369			628,595			644,695			653,183			667,034			2	%	7	%
Allowance for loan losses	(12,060		)	(12,030		)	(12,025		)	(12,366		)	(12,355		)	—		(2	)%
Total loans, net	612,309			616,565			632,670			640,817			654,679			2	%	7	%
Goodwill	21,659			22,265			22,349			22,345			22,256			—		3	%
Intangible assets (other than MSRs)	5,114			5,013			4,887			4,732			4,588			(3	)%	(10	)%
Mortgage servicing rights (MSRs)	1,564			567			560			553			558			1	%	(64	)%
Other assets	128,008			126,593			131,647			130,312			105,905			(19	)%	(17	)%
Total assets	$	1,792,077		$	1,821,479		$	1,864,063		$	1,889,133		$	1,843,059		(2	)%	3	%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	136,698		$	129,436		$	126,253		$	127,220		$	126,880		—		(7	)%
Interest-bearing deposits in U.S. offices	300,972			310,572			311,361			315,556			318,613			1	%	6	%
Total U.S. Deposits	437,670			440,008			437,614			442,776			445,493			1	%	2	%
Non-interest-bearing deposits in offices outside the U.S.	77,616			79,063			83,046			84,178			87,440			4	%	13	%
Interest-bearing deposits in offices outside the U.S.	414,120			430,919			438,083			437,084			426,889			(2	)%	3	%
Total International Deposits	491,736			509,982			521,129			521,262			514,329			(1	)%	5	%

Total deposits	929,406			949,990			958,743			964,038			959,822			—		3	%
Fed funds purch and securities loaned or sold under agree. to repurch.	141,821			148,230			154,780			161,282			156,277			(3	)%	10	%
Brokerage payables	57,152			59,655			62,947			63,205			61,342			(3	)%	7	%
Trading account liabilities	139,045			144,070			136,745			138,820			123,948			(11	)%	(11	)%
Short-term borrowings	30,701			26,127			36,519			38,149			44,452			17	%	45	%
Long-term debt	206,178			208,530			225,179			232,673			236,709			2	%	15	%
Other liabilities(3)	61,631			55,880			58,043			62,344			58,243			(7	)%	(5	)%
Total liabilities	$	1,565,934		$	1,592,482		$	1,632,956		$	1,660,511		$	1,640,793		(1	)%	5	%

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	108,042			107,613			107,798			107,896			108,008			—		—
Retained earnings(2)	146,477			149,071			152,178			155,174			135,715			(13	)%	(7	)%
Treasury stock	(16,302		)	(17,579		)	(19,342		)	(24,829		)	(30,309		)	(22	)%	(86	)%
Accumulated other comprehensive income (loss)	(32,381		)	(30,413		)	(29,899		)	(29,891		)	(31,364		)	(5	)%	3	%
Total common equity	$	205,867		$	208,723		$	210,766		$	208,381		$	182,081		(13	)%	(12	)%

Total Citigroup stockholders’ equity	$	225,120		$	227,976		$	230,019		$	227,634		$	201,334		(12	)%	(11	)%
Noncontrolling interests	1,023			1,021			1,088			988			932			(6	)%	(9	)%
Total equity	226,143			228,997			231,107			228,622			202,266			(12	)%	(11	)%
Total liabilities and equity	$	1,792,077		$	1,821,479		$	1,864,063		$	1,889,133		$	1,843,059		(2	)%	3	%

(1) Preliminary.

(2) See footnote 4 on page 1.

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

Reclassified to conform to the current period’s presentation.

Page 3

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)

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

Global Consumer Banking
North America	$	5,059	$	4,944	$	4,944	$	5,194	$	5,180	—		2	%	$	19,759	$	20,262	3	%
Latin America	1,212		1,151		1,290		1,370		1,341		(2	)%	11	%	4,922		5,152		5	%
Asia (1)	1,696		1,722		1,801		1,869		1,891		1	%	11	%	6,838		7,283		7	%
Total	7,967		7,817		8,035		8,433		8,412		—		6	%	31,519		32,697		4	%

Institutional Clients Group
North America	2,949		3,455		3,568		3,638		2,975		(18	)%	1	%	12,513		13,636		9	%
EMEA	2,605		2,807		2,837		2,655		2,393		(10	)%	(8	)%	9,855		10,692		8	%
Latin America	994		1,127		1,042		1,059		988		(7	)%	(1	)%	3,977		4,216		6	%
Asia	1,636		1,737		1,766		1,879		1,741		(7	)%	6	%	6,882		7,123		4	%
Total	8,184		9,126		9,213		9,231		8,097		(12	)%	(1	)%	33,227		35,667		7	%

Corporate / Other	861		1,177		653		509		746		47	%	(13	)%	5,129		3,085		(40	)%

Total Citigroup - Net Revenues	$	17,012	$	18,120	$	17,901	$	18,173	$	17,255	(5	)%	1	%	$	69,875	$	71,449	2	%

(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)

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

Global Consumer Banking
North America	$	810		$	627		$	670		$	655		$	841		28	%	4	%	$	3,238		$	2,793		(14	)%
Latin America	154			130			136			164			160			(2	)%	4	%	633			590			(7	)%
Asia (1)	261			246			323			355			336			(5	)%	29	%	1,083			1,260			16	%
Total	1,225			1,003			1,129			1,174			1,337			14	%	9	%	4,954			4,643			(6	)%

Institutional Clients Group
North America	877			1,100			1,112			1,322			915			(31	)%	4	%	3,495			4,449			27	%
EMEA	647			855			779			746			424			(43	)%	(34	)%	2,365			2,804			19	%
Latin America	343			475			333			380			325			(14	)%	(5	)%	1,454			1,513			4	%
Asia	514			581			556			614			549			(11	)%	7	%	2,211			2,300			4	%
Total	2,381			3,011			2,780			3,062			2,213			(28	)%	(7	)%	9,525			11,066			16	%

Corporate / Other (1)	(15		)	104			(26		)	(99		)	(21,721		)	NM		NM		554			(21,742		)	NM

Income (Loss) From Continuing Operations	3,591			4,118			3,883			4,137			(18,171		)	NM		NM		15,033			(6,033		)	NM


Discontinued Operations	(3		)	(18		)	21			(5		)	(109		)	NM		NM		(58		)	(111		)	(91	)%



Net Income Attributable to Noncontrolling Interests	15			10			32			(1		)	19			NM		27	%	63			60			(5	)%

Total Citigroup - Net Income (Loss)	$	3,573		$	4,090		$	3,872		$	4,133		$	(18,299	)	NM		NM		$	14,912		$	(6,204	)	NM

Average Assets (in billions of dollars)
North America	$	971		$	964		$	980		$	993		$	1,005		1	%	4	%	$	941		$	986		5	%
EMEA (1)	308			318			335			329			334			2	%	8	%	310			329			6	%
Latin America	125			125			130			131			129			(2	)%	3	%	129			129			—
Asia (1)	316			322			329			337			341			1	%	8	%	314			332			6	%
Corporate / Other	100			102			95			102			101			(1	)%	1	%	115			100			(13	)%
Total	$	1,820		$	1,831		$	1,869		$	1,892		$	1,910		1	%	5	%	$	1,809		$	1,876		4	%

Return on Average Assets (ROA) on Net Income (Loss)
North America	0.69		%	0.73		%	0.73		%	0.79		%	0.69		%					0.72		%	0.73		%
EMEA (2)	0.82		%	1.08		%	0.92		%	0.88		%	0.49		%					0.75		%	0.84		%
Latin America	1.58		%	1.94		%	1.44		%	1.64		%	1.49		%					1.61		%	1.62		%
Asia (2)	0.97		%	1.04		%	1.07		%	1.14		%	1.03		%					1.05		%	1.07		%
Corporate/Other	(0.08		)%	0.37		%	(0.06		)%	(0.34		)%	(85.78		)%					0.43		%	(21.85		)%
Total	0.78		%	0.91		%	0.83		%	0.87		%	(3.80		)%					0.82		%	(0.33		)%

(1) See footnote 1 on page 1.

(2) 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)

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

Net Interest Revenue	$	6,656		$	6,522		$	6,699		$	7,010		$	6,956		(1	)%	5	%	$	26,025		$	27,187		4	%
Non-Interest Revenue	1,311			1,295			1,336			1,423			1,456			2	%	11	%	5,494			5,510			—
Total Revenues, Net of Interest Expense	7,967			7,817			8,035			8,433			8,412			—		6	%	31,519			32,697			4	%
Total Operating Expenses	4,356			4,415			4,497			4,410			4,521			3	%	4	%	17,483			17,843			2	%
Net Credit Losses	1,516			1,603			1,615			1,704			1,640			(4	)%	8	%	5,610			6,562			17	%
Credit Reserve Build / (Release)	164			177			125			486			177			(64	)%	8	%	708			965			36	%
Provision for Unfunded Lending Commitments	(3		)	6			(1		)	(5		)	(2		)	60	%	33	%	3			(2		)	NM
Provision for Benefits and Claims	32			29			23			28			36			29	%	13	%	106			116			9	%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	1,709			1,815			1,762			2,213			1,851			(16	)%	8	%	6,427			7,641			19	%
Income from Continuing Operations before Taxes	1,902			1,587			1,776			1,810			2,040			13	%	7	%	7,609			7,213			(5	)%
Income Taxes	677			584			647			636			703			11	%	4	%	2,655			2,570			(3	)%
Income from Continuing Operations	1,225			1,003			1,129			1,174			1,337			14	%	9	%	4,954			4,643			(6	)%
Noncontrolling Interests	1			1			4			2			2			—		100	%	7			9			29	%
Net Income	$	1,224		$	1,002		$	1,125		$	1,172		$	1,335		14	%	9	%	$	4,947		$	4,634		(6	)%
EOP Assets (in billions of dollars)	$	412		$	412		$	419		$	419		$	430		3	%	4	%
Average Assets (in billions of dollars)	$	410		$	411		$	414		$	421		$	424		1	%	3	%	$	396		$	418		6	%
Return on Average Assets (ROA)	1.19		%	0.99		%	1.09		%	1.10		%	1.25		%					1.25		%	1.11		%
Efficiency Ratio	55		%	56		%	56		%	52		%	54		%					55		%	55		%

Net Credit Losses as a % of Average Loans	2.10		%	2.24		%	2.20		%	2.26		%	2.15		%					2.01		%	2.21		%

Revenue by Business
Retail Banking	$	3,157		$	3,155		$	3,299		$	3,493		$	3,431		(2	)%	9	%	$	12,916		$	13,378		4	%
Cards (1)	4,810			4,662			4,736			4,940			4,981			1	%	4	%	18,603			19,319			4	%
Total	$	7,967		$	7,817		$	8,035		$	8,433		$	8,412		—		6	%	$	31,519		$	32,697		4	%


Net Credit Losses by Business

Retail Banking	$	286		$	236		$	244		$	300		$	243		(19	)%	(15	)%	$	1,007		$	1,023		2	%
Cards (1)	1,230			1,367			1,371			1,404			1,397			—		14	%	4,603			5,539			20	%
Total	$	1,516		$	1,603		$	1,615		$	1,704		$	1,640		(4	)%	8	%	$	5,610		$	6,562		17	%


Income from Continuing Operations by Business

Retail Banking	$	335		$	339		$	420		$	550		$	469		(15	)%	40	%	$	1,566		$	1,778		14	%
Cards (1)	890			664			709			624			868			39	%	(2	)%	3,388			2,865			(15	)%
Total	$	1,225		$	1,003		$	1,129		$	1,174		$	1,337		14	%	9	%	$	4,954		$	4,643		(6	)%

Foreign Currency (FX) Translation Impact:
Total Revenue - as Reported	$	7,967		$	7,817		$	8,035		$	8,433		$	8,412		—		6	%	$	31,519		$	32,697		4	%
Impact of FX Translation (2)	108			78			(14		)	(78		)	—							66			—
Total Revenues - Ex-FX (2)	$	8,075		$	7,895		$	8,021		$	8,355		$	8,412		1	%	4	%	$	31,585		$	32,697		4	%

Total Operating Expenses - as Reported	$	4,356		$	4,415		$	4,497		$	4,410		$	4,521		3	%	4	%	$	17,483		$	17,843		2	%
Impact of FX Translation (2)	68			49			—			(30		)	—							54			—
Total Operating Expenses - Ex-FX (2)	$	4,424		$	4,464		$	4,497		$	4,380		$	4,521		3	%	2	%	$	17,537		$	17,843		2	%

Total Provisions for LLR & PBC - as Reported	$	1,709		$	1,815		$	1,762		$	2,213		$	1,851		(16	)%	8	%	$	6,427		$	7,641		19	%
Impact of FX Translation (2)	21			14			(8		)	(22		)	—							(1		)	—
Total Provisions for LLR & PBC - Ex-FX (2)	$	1,730		$	1,829		$	1,754		$	2,191		$	1,851		(16	)%	7	%	$	6,426		$	7,641		19	%

Net Income - as Reported	$	1,224		$	1,002		$	1,125		$	1,172		$	1,335		14	%	9	%	$	4,947		$	4,634		(6	)%
Impact of FX Translation (2)	13			10			(2		)	(14		)	—							7			—
Net Income - Ex-FX (2)	$	1,237		$	1,012		$	1,123		$	1,158		$	1,335		15	%	8	%	$	4,954		$	4,634		(6	)%

(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 fourth quarter of 2017 and full year 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

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

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

Branches (actual)	2,618			2,601			2,570			2,474			2,451			(1	)%	(6	)%
Accounts (in millions)	54.6			53.9			53.8			53.2			52.9			(1	)%	(3	)%
Average Deposits	$	301.1		$	303.5		$	307.2		$	308.1		$	306.5		(1	)%	2	%
Investment Sales	$	18.5		$	20.9		$	21.8		$	25.3		$	24.1		(5	)%	30	%
Investment Assets under Management (AUMs)	$	137.5		$	146.7		$	152.8		$	158.2		$	160.9		2	%	17	%
Average Loans	$	138.1		$	138.8		$	142.3		$	144.3		$	145.1		1	%	5	%
EOP Loans:
Mortgages	$	79.4		$	81.2		$	81.4		$	81.4		$	81.7		—		3	%
Commercial Banking	32.0			33.9			34.8			35.5			36.3			2	%	13	%
Personal and Other	24.9			26.3			27.2			27.3			27.9			2	%	12	%
EOP Loans	$	136.3		$	141.4		$	143.4		$	144.2		$	145.9		1	%	7	%

Total Net Interest Revenue (in millions) (1)	$	2,129		$	2,142		$	2,274		$	2,376		$	2,343		(1	)%	10	%
As a % of Average Loans	6.13		%	6.26		%	6.41		%	6.53		%	6.41		%

Net Credit Losses (in millions)	$	286		$	236		$	244		$	300		$	243		(19	)%	(15	)%
As a % of Average Loans	0.82		%	0.69		%	0.69		%	0.82		%	0.66		%
Loans 90+ Days Past Due (in millions) (2)	$	474		$	488		$	477		$	489		$	515		5	%	9	%
As a % of EOP Loans	0.35		%	0.35		%	0.33		%	0.34		%	0.35		%
Loans 30-89 Days Past Due (in millions) (2)	$	726		$	777		$	747		$	805		$	822		2	%	13	%
As a % of EOP Loans	0.54		%	0.55		%	0.52		%	0.56		%	0.57		%

Cards Key Indicators (in millions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	142.7			142.4			142.5			142.2			142.6			—		—
Purchase Sales (in billions)	$	125.1		$	112.2		$	125.3		$	124.9		$	136.3		9	%	9	%

Average Loans (in billions) (3)	$	149.3		$	150.8		$	151.5		$	155.4		$	158.2		2	%	6	%
EOP Loans (in billions) (3)	$	155.6		$	149.9		$	155.1		$	156.6		$	164.9		5	%	6	%
Average Yield (4)	12.54		%	12.58		%	12.67		%	12.75		%	12.57		%
Total Net Interest Revenue (5)	$	4,527		$	4,380		$	4,425		$	4,634		$	4,594		(1	)%	1	%
As a % of Average Loans (5)	12.06		%	11.78		%	11.72		%	11.83		%	11.52		%
Net Credit Losses	$	1,230		$	1,367		$	1,371		$	1,404		$	1,397		—		14	%
As a % of Average Loans	3.28		%	3.68		%	3.63		%	3.58		%	3.50		%
Net Credit Margin (6)	$	3,572		$	3,288		$	3,357		$	3,528		$	3,555		1	%	—
As a % of Average Loans (6)	9.52		%	8.84		%	8.89		%	9.01		%	8.92		%
Loans 90+ Days Past Due	$	1,819		$	1,753		$	1,706		$	1,790		$	1,963		10	%	8	%
As a % of EOP Loans	1.17		%	1.17		%	1.10		%	1.14		%	1.19		%
Loans 30-89 Days Past Due	$	1,814		$	1,739		$	1,751		$	1,958		$	1,940		(1	)%	7	%
As a % of EOP Loans	1.17		%	1.16		%	1.13		%	1.25		%	1.18		%

(1) Also includes net interest revenue related to the average 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 on loans 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)

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

Net Interest Revenue	$	4,706		$	4,617		$	4,633		$	4,825		$	4,806		—		2	%	$	18,131		$	18,881		4	%
Non-Interest Revenue	353			327			311			369			374			1	%	6	%	1,628			1,381			(15	)%
Total Revenues, Net of Interest Expense	5,059			4,944			4,944			5,194			5,180			—		2	%	19,759			20,262			3	%
Total Operating Expenses	2,537			2,576			2,577			2,460			2,547			4	%	—		10,058			10,160			1	%
Net Credit Losses	1,105			1,190			1,181			1,239			1,186			(4	)%	7	%	3,919			4,796			22	%
Credit Reserve Build / (Release)	117			152			101			463			153			(67	)%	31	%	653			869			33	%
Provision for Unfunded Lending Commitments	(1		)	7			2			(3		)	(2		)	33	%	(100	)%	6			4			(33	)%
Provision for Benefits and Claims	9			6			8			9			10			11	%	11	%	34			33			(3	)%
Provisions for Loan Losses and for Benefits and Claims	1,230			1,355			1,292			1,708			1,347			(21	)%	10	%	4,612			5,702			24	%
Income from Continuing Operations before Taxes	1,292			1,013			1,075			1,026			1,286			25	%	—		5,089			4,400			(14	)%
Income Taxes	482			386			405			371			445			20	%	(8	)%	1,851			1,607			(13	)%
Income from Continuing Operations	810			627			670			655			841			28	%	4	%	3,238			2,793			(14	)%
Noncontrolling Interests	(1		)	—			—			—			(1		)	(100	)%	—		(2		)	(1		)	50	%
Net Income	$	811		$	627		$	670		$	655		$	842		29	%	4	%	$	3,240		$	2,794		(14	)%
Average Assets (in billions)	$	245		$	245		$	243		$	249		$	254		2	%	4	%	$	228		$	248		9	%
Return on Average Assets	1.32		%	1.04		%	1.11		%	1.04		%	1.32		%					1.42		%	1.13		%
Efficiency Ratio	50		%	52		%	52		%	47		%	49		%					51		%	50		%

Net Credit Losses as a % of Average Loans	2.42		%	2.63		%	2.58		%	2.63		%	2.48		%					2.29		%	2.58		%

Revenue by Business
Retail Banking	$	1,263		$	1,256		$	1,291		$	1,363		$	1,347		(1	)%	7	%	$	5,222		$	5,257		1	%
Citi-Branded Cards	2,213			2,096			2,079			2,178			2,225			2	%	1	%	8,150			8,578			5	%
Citi Retail Services	1,583			1,592			1,574			1,653			1,608			(3	)%	2	%	6,387			6,427			1	%
Total	$	5,059		$	4,944		$	4,944		$	5,194		$	5,180		—		2	%	$	19,759		$	20,262		3	%

Net Credit Losses by Business
Retail Banking	$	83		$	37		$	39		$	88		$	30		(66	)%	(64	)%	$	205		$	194		(5	)%
Citi-Branded Cards	539			633			611			611			592			(3	)%	10	%	1,909			2,447			28	%
Citi Retail Services	483			520			531			540			564			4	%	17	%	1,805			2,155			19	%
Total	$	1,105		$	1,190		$	1,181		$	1,239		$	1,186		(4	)%	7	%	$	3,919		$	4,796		22	%

Income from Continuing Operations by Business
Retail Banking	$	85		$	83		$	140		$	179		$	158		(12	)%	86	%	$	533		$	560		5	%
Citi-Branded Cards	446			248			305			345			441			28	%	(1	)%	1,441			1,339			(7	)%
Citi Retail Services	279			296			225			131			242			85	%	(13	)%	1,264			894			(29	)%
Total	$	810		$	627		$	670		$	655		$	841		28	%	4	%	$	3,238		$	2,793		(14	)%

Reclassified to conform to the current period’s presentation.

Page 8

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2

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

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

Branches (actual)	723			705			695			695			694			—		(4	)%
Accounts (in millions)	10.5			9.6			9.5			9.4			9.2			(2	)%	(12	)%
Average Deposits	$	186.0		$	185.5		$	185.1		$	184.1		$	182.7		(1	)%	(2	)%
Investment Sales	$	5.3		$	6.2		$	6.5		$	6.7		$	7.0		4	%	32	%
Investment AUMs	$	52.8		$	55.1		$	56.7		$	58.6		$	60.3		3	%	14	%

Average Loans	$	55.0		$	55.4		$	55.6		$	55.7		$	56.0		1	%	2	%

EOP Loans:
Mortgages	$	44.2		$	44.3		$	44.3		$	44.2		$	44.3		—		—
Commercial Banking	9.0			9.2			9.2			9.4			9.5			1	%	6	%
Personal and Other	2.1			2.0			2.1			2.1			2.2			5	%	5	%
Total EOP Loans	$	55.3		$	55.5		$	55.6		$	55.7		$	56.0		1	%	1	%

Mortgage Originations (1)	$	5.6		$	3.8		$	3.1		$	3.2		$	3.0		(6	)%	(46	)%

Third Party Mortgage Servicing Portfolio (EOP)	$	143.2		$	48.5		$	49.1		$	49.1		$	47.3		(4	)%	(67	)%

Net Servicing & Gain/(Loss) on Sale (in millions)	$	102.8		$	63.1		$	50.0		$	47.3		$	69.1		46	%	(33	)%

Saleable Mortgage Rate Locks	$	2.6		$	1.9		$	1.5		$	1.7		$	1.3		(24	)%	(50	)%

Net Interest Revenue on Loans (in millions)	$	264		$	251		$	249		$	253		$	236		(7	)%	(11	)%
As a % of Avg. Loans	1.91		%	1.84		%	1.80		%	1.80		%	1.67		%

Net Credit Losses (in millions)	$	83		$	37		$	39		$	88		$	30		(66	)%	(64	)%
As a % of Avg. Loans	0.60		%	0.27		%	0.28		%	0.63		%	0.21		%

Loans 90+ Days Past Due (in millions) (2)	$	181		$	182		$	155		$	167		$	199		19	%	10	%
As a % of EOP Loans	0.33		%	0.33		%	0.28		%	0.30		%	0.36		%
Loans 30-89 Days Past Due (in millions) (2)	$	214		$	189		$	191		$	270		$	306		13	%	43	%
As a % of EOP Loans	0.39		%	0.35		%	0.35		%	0.49		%	0.55		%

(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 $327 million and ($0.7 billion), $313 million and ($0.8 billion), $295 million and ($0.8 billion), $289 million and ($0.7 billion), and $298 million and ($0.7 billion) as of December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $70 million and ($0.7 billion), $84 million and ($0.8 billion), $84 million and ($0.8 billion), $79 million and ($0.7 billion), and $88 million and ($0.7 billion) as of December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017, respectively.

Reclassified to conform to the current period’s presentation.

Page 9

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3

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

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts (in millions)	32.9			33.2			33.6			33.9			34.2			1	%	4	%
Purchase Sales (in billions)	$	78.5		$	72.5		$	80.5		$	80.4		$	86.3		7	%	10	%

Average Loans (in billions) (1)	$	82.1		$	82.6		$	83.3		$	85.4		$	86.8		2	%	6	%

EOP Loans (in billions) (1)	$	86.0		$	82.2		$	85.6		$	86.3		$	90.5		5	%	5	%

Average Yield (2)	9.60		%	9.60		%	9.61		%	9.70		%	9.63		%
Total Net Interest Revenue (3)	$	1,867		$	1,785		$	1,788		$	1,849		$	1,854		—		(1	)%
As a % of Avg. Loans (3)	9.05		%	8.76		%	8.61		%	8.59		%	8.47		%
Net Credit Losses	$	539		$	633		$	611		$	611		$	592		(3	)%	10	%
As a % of Average Loans	2.61		%	3.11		%	2.94		%	2.84		%	2.71		%
Net Credit Margin (4)	$	1,670		$	1,461		$	1,466		$	1,564		$	1,610		3	%	(4	)%
As a % of Avg. Loans (4)	8.09		%	7.17		%	7.06		%	7.27		%	7.36		%
Loans 90+ Days Past Due	$	748		$	698		$	659		$	668		$	768		15	%	3	%
As a % of EOP Loans	0.87		%	0.85		%	0.77		%	0.77		%	0.85		%
Loans 30-89 Days Past Due	$	688		$	632		$	619		$	705		$	698		(1	)%	1	%
As a % of EOP Loans	0.80		%	0.77		%	0.72		%	0.82		%	0.77		%

Citi-Branded Cards — Ex Hilton (in millions of dollars, except as otherwise noted) (1) (5)

Total Revenues, Net of Interest Expense	$	2,175		$	2,057		$	2,043		$	2,139		$	2,186		2	%	1	%
Purchase Sales (in billions)	$	76.9		$	71.0		$	78.9		$	78.9		$	84.8		7	%	10	%
Average Loans (in billions) (1)	$	80.9		$	81.4		$	82.1		$	84.2		$	86.4		3	%	7	%
EOP Loans (in billions) (1)	$	84.7		$	81.0		$	84.4		$	85.1		$	90.5		6	%	7	%

Average Yield (2)	9.59		%	9.59		%	9.60		%	9.69		%	9.62		%
Total Net Interest Revenue (3)	1,839			1,758			1,761			1,821			1,845			1	%	—
As a % of Avg. Loans (3)	9.04		%	8.76		%	8.60		%	8.58		%	8.47		%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	87.7			86.8			86.5			86.0			86.4			—		(1	)%
Purchase Sales (in billions)	$	23.2		$	16.9		$	20.6		$	20.0		$	23.6		18	%	2	%

Average Loans (in billions) (1)	$	44.9		$	45.3		$	44.5		$	45.6		$	46.9		3	%	4	%

EOP Loans (in billions) (1)	$	47.3		$	44.2		$	45.2		$	45.9		$	49.2		7	%	4	%

Average Yield (2)	16.92		%	17.14		%	17.38		%	17.51		%	17.06		%
Total Net Interest Revenue (3)	$	1,947		$	1,908		$	1,897		$	1,986		$	1,954		(2	)%	—
As a % of Avg. Loans (3)	17.25		%	17.08		%	17.10		%	17.28		%	16.53		%
Net Credit Losses	$	483		$	520		$	531		$	540		$	564		4	%	17	%
As a % of Average Loans	4.28		%	4.66		%	4.79		%	4.70		%	4.77		%
Net Credit Margin (4)	$	1,096		$	1,067		$	1,037		$	1,108		$	1,038		(6	)%	(5	)%
As a % of Avg. Loans (4)	9.71		%	9.55		%	9.35		%	9.64		%	8.78		%
Loans 90+ Days Past Due	$	761		$	735		$	693		$	772		$	845		9	%	11	%
As a % of EOP Loans	1.61		%	1.66		%	1.53		%	1.68		%	1.72		%
Loans 30-89 Days Past Due	$	777		$	730		$	730		$	836		$	830		(1	)%	7	%
As a % of EOP Loans	1.64		%	1.65		%	1.62		%	1.82		%	1.69		%

(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 on loans 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.

(5) As previously announced, the Hilton Honors co-brand credit card partnership with Citi was scheduled to terminate as of year-end 2017. On October 23, 2017, Citi signed an agreement to sell the Hilton credit card portfolio ($1.2 billion in outstanding loan balances in Citi-branded cards) to American Express. In connection with the sale agreement, the existing partnership was extended through the closing date. The sale is expected to close in the first quarter of 2018 with a pretax gain of approximately $150 million, which approximates one year of revenues from the portfolio; as these loans are intended for sale, they were reclassified as held-for-sale and recorded in Other assets as of November 1, 2017.

Reclassified to conform to the current period’s presentation.

Page 10

GLOBAL CONSUMER BANKING

LATIN AMERICA (1) - PAGE 1

(In millions of dollars, except as otherwise noted)

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

Net Interest Revenue	$	840		$	800		$	917		$	985		$	936		(5	)%	11	%	$	3,431		$	3,638		6	%
Non-Interest Revenue	372			351			373			385			405			5	%	9	%	1,491			1,514			2	%
Total Revenues, Net of Interest Expense	1,212			1,151			1,290			1,370			1,341			(2	)%	11	%	4,922			5,152			5	%
Total Operating Expenses	688			659			735			768			758			(1	)%	10	%	2,838			2,920			3	%
Net Credit Losses	248			253			277			295			292			(1	)%	18	%	1,040			1,117			7	%
Credit Reserve Build / (Release)	36			12			50			44			19			(57	)%	(47	)%	83			125			51	%
Provision for Unfunded Lending Commitments	(1		)	—			(1		)	(1		)	1			NM		NM		1			(1		)	NM
Provision for Benefits and Claims	23			23			15			19			26			37	%	13	%	72			83			15	%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	306			288			341			357			338			(5	)%	10	%	1,196			1,324			11	%
Income from Continuing Operations before Taxes	218			204			214			245			245			—		12	%	888			908			2	%
Income Taxes	64			74			78			81			85			5	%	33	%	255			318			25	%
Income from Continuing Operations	154			130			136			164			160			(2	)%	4	%	633			590			(7	)%
Noncontrolling Interests	1			1			2			1			1			—		—		5			5			—
Net Income	$	153		$	129		$	134		$	163		$	159		(2	)%	4	%	$	628		$	585		(7	)%
Average Assets (in billions of dollars)	$	45		$	43		$	46		$	47		$	44		(6	)%	(2	)%	$	49		$	45		(8	)%
Return on Average Assets	1.35		%	1.22		%	1.17		%	1.38		%	1.43		%					1.28		%	1.30		%
Efficiency Ratio	57		%	57		%	57		%	56		%	57		%					58		%	57		%

Net Credit Losses as a % of Average Loans	4.20		%	4.44		%	4.36		%	4.37		%	4.51		%					4.32		%	4.42		%

Revenue by Business
Retail Banking	$	857		$	836		$	923		$	976		$	955		(2	)%	11	%	$	3,447		$	3,690		7	%
Citi-Branded Cards	355			315			367			394			386			(2	)%	9	%	1,475			1,462			(1	)%
Total	$	1,212		$	1,151		$	1,290		$	1,370		$	1,341		(2	)%	11	%	$	4,922		$	5,152		5	%

Net Credit Losses by Business
Retail Banking	$	138		$	137		$	151		$	143		$	153		7	%	11	%	$	541		$	584		8	%
Citi-Branded Cards	110			116			126			152			139			(9	)%	26	%	499			533			7	%
Total	$	248		$	253		$	277		$	295		$	292		(1	)%	18	%	$	1,040		$	1,117		7	%


Income from Continuing Operations by Business

Retail Banking	$	85		$	86		$	87		$	125		$	112		(10	)%	32	%	$	355		$	410		15	%
Citi-Branded Cards	69			44			49			39			48			23	%	(30	)%	278			180			(35	)%
Total	$	154		$	130		$	136		$	164		$	160		(2	)%	4	%	$	633		$	590		(7	)%

FX Translation Impact:
Total Revenue - as Reported	$	1,212		$	1,151		$	1,290		$	1,370		$	1,341		(2	)%	11	%	$	4,922		$	5,152		5	%
Impact of FX Translation (2)	49			39			(38		)	(85		)	—							(45		)	—
Total Revenues - Ex-FX (2)	$	1,261		$	1,190		$	1,252		$	1,285		$	1,341		4	%	6	%	$	4,877		$	5,152		6	%

Total Operating Expenses - as Reported	$	688		$	659		$	735		$	768		$	758		(1	)%	10	%	$	2,838		$	2,920		3	%
Impact of FX Translation (2)	24			19			(18		)	(38		)	—							(21		)	—
Total Operating Expenses - Ex-FX (2)	$	712		$	678		$	717		$	730		$	758		4	%	6	%	$	2,817		$	2,920		4	%

Provisions for LLR & PBC - as Reported	$	306		$	288		$	341		$	357		$	338		(5	)%	10	%	$	1,196		$	1,324		11	%
Impact of FX Translation (2)	14			10			(10		)	(22		)	—							(10		)	—
Provisions for LLR & PBC - Ex-FX (2)	$	320		$	298		$	331		$	335		$	338		1	%	6	%	$	1,186		$	1,324		12	%

Net Income - as Reported	$	153		$	129		$	134		$	163		$	159		(2	)%	4	%	$	628		$	585		(7	)%
Impact of FX Translation (2)	8			7			(6		)	(14		)	—							(10		)	—
Net Income - Ex-FX (2)	$	161		$	136		$	128		$	149		$	159		7	%	(1	)%	$	618		$	585		(5	)%

(1) Latin America GCB consists of Cit’s consumer banking operations in Mexico.

(2) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the fourth quarter of 2017 and full year 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 11

GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 2

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

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

Branches (actual)	1,494			1,499			1,496			1,497			1,479			(1	)%	(1	)%
Accounts (in millions)	27.6			27.9			28.0			27.6			27.7			—		—
Average Deposits	$	25.2		$	25.3		$	27.8		$	28.8		$	27.8		(3	)%	10	%
Investment Sales	$	5.9		$	5.5		$	5.7		$	6.8		$	6.4		(6	)%	8	%
Investment AUMs	$	28.9		$	32.5		$	34.1		$	34.8		$	32.1		(8	)%	11	%
Average Loans	$	18.5		$	18.3		$	20.2		$	21.2		$	20.3		(4	)%	10	%
EOP Loans:
Mortgages	$	3.9		$	4.4		$	4.6		$	4.6		$	4.1		(11	)%	5	%
Commercial Banking	8.5			9.2			9.9			10.3			10.0			(3	)%	18	%
Personal and Other	5.6			6.1			6.5			6.1			5.8			(5	)%	4	%
Total EOP Loans	$	18.0		$	19.7		$	21.0		$	21.0		$	19.9		(5	)%	11	%

Total Net Interest Revenue (in millions) (1)	$	593		$	582		$	664		$	698		$	668		(4	)%	13	%
As a % of Average Loans (1)	12.75		%	12.90		%	13.18		%	13.06		%	13.06		%
Net Credit Losses (in millions)	$	138		$	137		$	151		$	143		$	153		7	%	11	%
As a % of Average Loans	2.97		%	3.04		%	3.00		%	2.68		%	2.99		%
Loans 90+ Days Past Due (in millions)	$	136		$	141		$	150		$	151		$	130		(14	)%	(4	)%
As a % of EOP Loans	0.76		%	0.72		%	0.71		%	0.72		%	0.65		%
Loans 30-89 Days Past Due (in millions)	$	185		$	246		$	216		$	244		$	195		(20	)%	5	%
As a % of EOP Loans	1.03		%	1.25		%	1.03		%	1.16		%	0.98		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	5.8			5.7			5.7			5.7			5.6			(2	)%	(3	)%
Purchase Sales (in billions)	$	4.0		$	3.6		$	4.1		$	4.2		$	4.5		7	%	13	%
Average Loans (in billions) (2)	$	5.0		$	4.8		$	5.3		$	5.6		$	5.4		(4	)%	8	%
EOP Loans (in billions) (2)	$	4.8		$	5.2		$	5.5		$	5.6		$	5.4		(4	)%	13	%
Average Yield (3)	20.13		%	19.81		%	20.50		%	20.73		%	20.61		%	(1	)%	2	%

Total Net Interest Revenue (in millions) (4)	$	247		$	218		$	253		$	287		$	268		(7	)%	9	%
As a % of Average Loans (4)	19.65		%	18.42		%	19.15		%	20.33		%	19.69		%
Net Credit Losses (in millions)	$	110		$	116		$	126		$	152		$	139		(9	)%	26	%
As a % of Average Loans	8.75		%	9.80		%	9.54		%	10.77		%	10.21		%
Net Credit Margin (in millions) (5)	$	245		$	199		$	241		$	242		$	247		2	%	1	%
As a % of Average Loans (5)	19.49		%	16.81		%	18.24		%	17.14		%	18.15		%
Loans 90+ Days Past Due (in millions)	$	130		$	137		$	161		$	159		$	151		(5	)%	16	%
As a % of EOP Loans	2.71		%	2.63		%	2.93		%	2.84		%	2.80		%
Loans 30-89 Days Past Due (in millions)	$	125		$	145		$	151		$	163		$	153		(6	)%	22	%
As a % of EOP Loans	2.60		%	2.79		%	2.75		%	2.91		%	2.83		%

(1) Also includes net interest revenue related to the region’s average 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 on loans 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)

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

Net Interest Revenue	$	1,110		$	1,105		$	1,149		$	1,200		$	1,214		1	%	9	%	$	4,463		$	4,668		5	%
Non-Interest Revenue	586			617			652			669			677			1	%	16	%	2,375			2,615			10	%
Total Revenues, Net of Interest Expense	1,696			1,722			1,801			1,869			1,891			1	%	11	%	6,838			7,283			7	%
Total Operating Expenses	1,131			1,180			1,185			1,182			1,216			3	%	8	%	4,587			4,763			4	%
Net Credit Losses	163			160			157			170			162			(5	)%	(1	)%	651			649			—
Credit Reserve Build / (Release)	11			13			(26		)	(21		)	5			NM		(55	)%	(28		)	(29		)	(4	)%
Provision for Unfunded Lending Commitments	(1		)	(1		)	(2		)	(1		)	(1		)	—		—		(4		)	(5		)	(25	)%
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	173			172			129			148			166			12	%	(4	)%	619			615			(1	)%
Income from Continuing Operations before Taxes	392			370			487			539			509			(6	)%	30	%	1,632			1,905			17	%
Income Taxes	131			124			164			184			173			(6	)%	32	%	549			645			17	%
Income from Continuing Operations	261			246			323			355			336			(5	)%	29	%	1,083			1,260			16	%
Noncontrolling Interests	1			—			2			1			2			100	%	100	%	4			5			25	%
Net Income	$	260		$	246		$	321		$	354		$	334		(6	)%	28	%	$	1,079		$	1,255		16	%
Average Assets (in billions)	$	120		$	123		$	125		$	125		$	126		1	%	5	%	$	119		$	125		5	%
Return on Average Assets	0.86		%	0.81		%	1.03		%	1.12		%	1.05		%					0.91		%	1.00		%
Efficiency Ratio	67		%	69		%	66		%	63		%	64		%					67		%	65		%

Net Credit Losses as a % of Average Loans	0.79		%	0.78		%	0.74		%	0.78		%	0.73		%					0.77		%	0.76		%

Revenue by Business
Retail Banking	$	1,037		$	1,063		$	1,085		$	1,154		$	1,129		(2	)%	9	%	$	4,247		$	4,431		4	%
Citi-Branded Cards	659			659			716			715			762			7	%	16	%	2,591			2,852			10	%
Total	$	1,696		$	1,722		$	1,801		$	1,869		$	1,891		1	%	11	%	$	6,838		$	7,283		7	%

Net Credit Losses by Business
Retail Banking	$	65		$	62		$	54		$	69		$	60		(13	)%	(8	)%	$	261		$	245		(6	)%
Citi-Branded Cards	98			98			103			101			102			1	%	4	%	390			404			4	%
Total	$	163		$	160		$	157		$	170		$	162		(5	)%	(1	)%	$	651		$	649		—


Income from Continuing Operations by Business

Retail Banking	$	165		$	170		$	193		$	246		$	199		(19	)%	21	%	$	678		$	808		19	%
Citi-Branded Cards	96			76			130			109			137			26	%	43	%	405			452			12	%
Total	$	261		$	246		$	323		$	355		$	336		(5	)%	29	%	$	1,083		$	1,260		16	%

FX Translation Impact:
Total Revenue - as Reported	$	1,696		$	1,722		$	1,801		$	1,869		$	1,891		1	%	11	%	$	6,838		$	7,283		7	%
Impact of FX Translation (2)	59			39			24			7			—							111			—
Total Revenues - Ex-FX (2)	$	1,755		$	1,761		$	1,825		$	1,876		$	1,891		1	%	8	%	$	6,949		$	7,283		5	%

Total Operating Expenses - as Reported	$	1,131		$	1,180		$	1,185		$	1,182		$	1,216		3	%	8	%	$	4,587		$	4,763		4	%
Impact of FX Translation (2)	44			30			18			8			—							75			—
Total Operating Expenses - Ex-FX (2)	$	1,175		$	1,210		$	1,203		$	1,190		$	1,216		2	%	3	%	$	4,662		$	4,763		2	%

Provisions for LLR & PBC - as Reported	$	173		$	172		$	129		$	148		$	166		12	%	(4	)%	$	619		$	615		(1	)%
Impact of FX Translation (2)	7			4			2			—			—							9			—
Provisions for LLR & PBC - Ex-FX (2)	$	180		$	176		$	131		$	148		$	166		12	%	(8	)%	$	628		$	615		(2	)%

Net Income - as Reported	$	260		$	246		$	321		$	354		$	334		(6	)%	28	%	$	1,079		$	1,255		16	%
Impact of FX Translation (2)	5			3			4			—			—							17			—
Net Income - Ex-FX (2)	$	265		$	249		$	325		$	354		$	334		(6	)%	26	%	$	1,096		$	1,255		15	%

(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 fourth quarter of 2017 and full year 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

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

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

Branches (actual)	401			397			379			282			278			(1	)%	(31	)%
Accounts (in millions)	16.5			16.4			16.3			16.2			16.0			(1	)%	(3	)%
Average Deposits	$	89.9		$	92.7		$	94.3		$	95.2		$	96.0		1	%	7	%
Investment Sales	$	7.3		$	9.2		$	9.6		$	11.8		$	10.7		(9	)%	47	%
Investment AUMs	$	55.8		$	59.1		$	62.0		$	64.8		$	68.5		6	%	23	%
Average Loans	$	64.6		$	65.1		$	66.5		$	67.4		$	68.8		2	%	7	%
EOP Loans:
Mortgages	$	31.3		$	32.5		$	32.5		$	32.6		$	33.3		2	%	6	%
Commercial Banking	14.5			15.5			15.7			15.8			16.8			6	%	16	%
Personal and Other	17.2			18.2			18.6			19.1			19.9			4	%	16	%
Total EOP Loans	$	63.0		$	66.2		$	66.8		$	67.5		$	70.0		4	%	11	%

Total Net Interest Revenue (in millions) (2)	$	644		$	636		$	662		$	688		$	696		1	%	8	%
As a % of Average Loans (2)	3.97		%	3.96		%	3.99		%	4.05		%	4.01		%
Net Credit Losses (in millions)	$	65		$	62		$	54		$	69		$	60		(13	)%	(8	)%
As a % of Average Loans	0.40		%	0.39		%	0.33		%	0.41		%	0.35		%
Loans 90+ Days Past Due (in millions)	$	157		$	165		$	172		$	171		$	186		9	%	18	%
As a % of EOP Loans	0.25		%	0.25		%	0.26		%	0.25		%	0.27		%
Loans 30-89 Days Past Due (in millions)	$	327		$	342		$	340		$	291		$	321		10	%	(2	)%
As a % of EOP Loans	0.52		%	0.52		%	0.51		%	0.43		%	0.46		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	16.3			16.7			16.7			16.6			16.4			(1	)%	1	%
Purchase Sales (in billions)	$	19.4		$	19.2		$	20.1		$	20.3		$	21.9		8	%	13	%
Average Loans (in billions) (3)	$	17.3		$	18.1		$	18.4		$	18.8		$	19.1		2	%	10	%
EOP Loans (in billions) (3)	$	17.5		$	18.3		$	18.8		$	18.8		$	19.8		5	%	13	%
Average Yield (4)	12.92		%	12.87		%	12.84		%	12.71		%	12.67		%	—		(2	)%

Total Net Interest Revenue (in millions) (5)	$	466		$	469		$	487		$	512		$	518		1	%	11	%
As a % of Average Loans (6)	10.72		%	10.51		%	10.62		%	10.80		%	10.76		%
Net Credit Losses (in millions)	$	98		$	98		$	103		$	101		$	102		1	%	4	%
As a % of Average Loans	2.25		%	2.20		%	2.25		%	2.13		%	2.12		%
Net Credit Margin (in millions) (6)	$	561		$	561		$	613		$	614		$	660		7	%	18	%
As a % of Average Loans (6)	12.90		%	12.57		%	13.36		%	12.96		%	13.71		%
Loans 90+ Days Past Due	$	180		$	183		$	193		$	191		$	199		4	%	11	%
As a % of EOP Loans	1.03		%	1.00		%	1.03		%	1.02		%	1.01		%
Loans 30-89 Days Past Due	$	224		$	232		$	251		$	254		$	259		2	%	16	%
As a % of EOP Loans	1.28		%	1.27		%	1.34		%	1.35		%	1.31		%

(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 average 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 on loans 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)

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

Commissions and Fees	$	1,008		$	1,043		$	1,100		$	1,099		$	1,072		(2	)%	6	%	$	4,045		$	4,314		7	%
Administration and Other Fiduciary Fees	555			588			642			653			640			(2	)%	15	%	2,262			2,523			12	%
Investment Banking	969			1,044			1,180			1,099			1,081			(2	)%	12	%	3,655			4,404			20	%
Principal Transactions	1,783			2,668			2,079			1,757			1,236			(30	)%	(31	)%	7,335			7,740			6	%
Other(1)(2)	(68		)	(7		)	237			698			221			(68	)%	NM		(164		)	1,149			NM
Total Non-Interest Revenue	4,247			5,336			5,238			5,306			4,250			(20	)%	—		17,133			20,130			17	%
Net Interest Revenue (including Dividends)	3,937			3,790			3,975			3,925			3,847			(2	)%	(2	)%	16,094			15,537			(3	)%
Total Revenues, Net of Interest Expense	8,184			9,126			9,213			9,231			8,097			(12	)%	(1	)%	33,227			35,667			7	%
Total Operating Expenses	4,634			4,945			5,019			4,939			4,705			(5	)%	2	%	18,956			19,608			3	%
Net Credit Losses	119			25			71			44			225			NM		89	%	516			365			(29	)%
Credit Reserve Build / (Release)	(53		)	(176		)	(15		)	(38		)	8			NM		NM		(64		)	(221		)	NM
Provision for Unfunded Lending Commitments	38			(54		)	31			(170		)	34			NM		(11	)%	34			(159		)	NM
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims	104			(205		)	87			(164		)	267			NM		NM		486			(15		)	NM
Income from Continuing Operations before Taxes	3,446			4,386			4,107			4,456			3,125			(30	)%	(9	)%	13,785			16,074			17	%
Income Taxes	1,065			1,375			1,327			1,394			912			(35	)%	(14	)%	4,260			5,008			18	%
Income from Continuing Operations	2,381			3,011			2,780			3,062			2,213			(28	)%	(7	)%	9,525			11,066			16	%
Noncontrolling Interests	12			15			18			14			10			(29	)%	(17	)%	58			57			(2	)%
Net Income	$	2,369		$	2,996		$	2,762		$	3,048		$	2,203		(28	)%	(7	)%	$	9,467		$	11,009		16	%
EOP Assets (in billions)	$	1,277		$	1,314		$	1,353		$	1,370		$	1,338		(2	)%	5	%
Average Assets (in billions)	$	1,310		$	1,318		$	1,360		$	1,369		$	1,385		1	%	6	%	$	1,298		$	1,358		5	%
Return on Average Assets (ROA)	0.72		%	0.92		%	0.81		%	0.88		%	0.63		%					0.73		%	0.81		%
Efficiency Ratio	57		%	54		%	54		%	54		%	58		%					57		%	55		%

Revenue by Region
North America	$	2,949		$	3,455		$	3,568		$	3,638		$	2,975		(18	)%	1	%	$	12,513		$	13,636		9	%
EMEA	2,605			2,807			2,837			2,655			2,393			(10	)%	(8	)%	9,855			10,692			8	%
Latin America	994			1,127			1,042			1,059			988			(7	)%	(1	)%	3,977			4,216			6	%
Asia	1,636			1,737			1,766			1,879			1,741			(7	)%	6	%	6,882			7,123			4	%
Total Revenues, net of Interest Expense	$	8,184		$	9,126		$	9,213		$	9,231		$	8,097		(12	)%	(1	)%	$	33,227		$	35,667		7	%

Income from Continuing Operations by Region
North America	$	877		$	1,100		$	1,112		$	1,322		$	915		(31	)%	4	%	$	3,495		$	4,449		27	%
EMEA	647			855			779			746			424			(43	)%	(34	)%	2,365			2,804			19	%
Latin America	343			475			333			380			325			(14	)%	(5	)%	1,454			1,513			4	%
Asia	514			581			556			614			549			(11	)%	7	%	2,211			2,300			4	%
Income from Continuing Operations	$	2,381		$	3,011		$	2,780		$	3,062		$	2,213		(28	)%	(7	)%	$	9,525		$	11,066		16	%

Average Loans by Region (in billions)
North America	149			$	146		$	150		$	152		157			3	%	5	%	$	145		$	151		4	%
EMEA	66			65			67			71			73			3	%	11	%	66			69			5	%
Latin America	34			34			35			34			33			(3	)%	(3	)%	35			34			(3	)%
Asia	55			57			61			64			65			2	%	18	%	57			62			9	%
Total	$	304		$	302		$	313		$	321		$	328		2	%	8	%	$	303		$	316		4	%

EOP Deposits by Region (in billions)
North America	$	282		$	287		$	280		$	290		$	296		2	%	5	%
EMEA	164			161			170			172			174			1	%	6	%
Latin America	26			28			27			26			25			(2	)%	(1	)%
Asia	140			144			147			152			145			(5	)%	3	%
Total	$	612		$	620		$	624		$	640		$	640		—		5	%

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	412		$	417		$	421		$	428		$	432		1	%	5	%
All Other ICG Businesses	200			203			203			212			208			(2	)%	4	%
Total	$	612		$	620		$	624		$	640		$	640		—		5	%

(1) Third quarter of 2017 includes the $580 million gain on the sale of a fixed income analytics business.

(2) The full year of 2016 includes a charge of approximately $180 million, primarily reflecting the write-down of Citi’s net investment in Venezuela as a result of changes in the exchange rate during the 2016 first quarter.

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)

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

Revenue Details:
Investment Banking:
Advisory	$	296		$	246		$	314		$	237		$	311		31	%	5	%	$	1,000		$	1,108		11	%
Equity Underwriting	190			235			295			290			233			(20	)%	23	%	628			1,053			68	%
Debt Underwriting	645			733			877			704			697			(1	)%	8	%	2,674			3,011			13	%


Total Investment Banking	1,131			1,214			1,486			1,231			1,241			1	%	10	%	4,302			5,172			20	%
Treasury and Trade Solutions	2,009			2,075			2,065			2,144			2,189			2	%	9	%	7,897			8,473			7	%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	448			434			477			502			509			1	%	14	%	1,718			1,922			12	%
Private Bank	671			744			788			785			771			(2	)%	15	%	2,709			3,088			14	%
Total Banking Revenues (Ex-Gain/(Loss) on Loan Hedges) (1)	$	4,259		$	4,467		$	4,816		$	4,662		$	4,710		1	%	11	%	$	16,626		$	18,655		12	%

Corporate Lending — Gain/(Loss) on Loan Hedges (1)	(107		)	(115		)	9			(48		)	21			NM		NM		(594		)	(133		)	78	%
Total Banking Revenues including G(L) on Loan Hedges (1)	$	4,152		$	4,352		$	4,825		$	4,614		$	4,731		3	%	14	%	$	16,032		$	18,522		16	%

Fixed Income Markets	$	2,957		$	3,622		$	3,215		$	2,877		$	2,413		(16	)%	(18	)%	$	12,853		$	12,127		(6	)%
Equity Markets	685			769			691			757			530			(30	)%	(23	)%	2,812			2,747			(2	)%
Securities Services	529			543			584			599			603			1	%	14	%	2,152			2,329			8	%
Other (2)(3)	(139		)	(160		)	(102		)	384			(180		)	NM		(29	)%	(622		)	(58		)	91	%
Total Markets and Securities Services	$	4,032		$	4,774		$	4,388		$	4,617		$	3,366		(27	)%	(17	)%	$	17,195		$	17,145		—
Total Revenues, net of Interest Expense	$	8,184		$	9,126		$	9,213		$	9,231		$	8,097		(12	)%	(1	)%	$	33,227		$	35,667		7	%

Taxable-equivalent adjustments (4)	$	169		$	189		$	177		$	176		$	174		(1	)%	3	%	$	641		$	716		12	%

Total ICG Revenues including taxable-equivalent adjustments (4)	$	8,353		$	9,315		$	9,390		$	9,407		$	8,271		(12	)%	(1	)%	$	33,868		$	36,383		7	%


Commissions and Fees	$	122		$	140		$	154		$	167		$	164		(2	)%	34	%	474			625			32	%
Principal Transactions (5)	1,604			2,318			1,890			1,546			1,072			(31	)%	(33	)%	6,538			6,826			4	%
Other	(9		)	149			181			129			131			2	%	NM		591			590			—
Total Non-Interest Revenue	$	1,717		$	2,607		$	2,225		$	1,842		$	1,367		(26	)%	(20	)%	$	7,603		$	8,041		6	%
Net Interest Revenue	1,240			1,015			990			1,035			1,046			1	%	(16	)%	5,250			4,086			(22	)%
Total Fixed Income Markets	$	2,957		$	3,622		$	3,215		$	2,877		$	2,413		(16	)%	(18	)%	$	12,853		$	12,127		(6	)%

Rates and Currencies	$	2,230		$	2,503		$	2,227		$	2,161		$	1,892		(12	)%	(15	)%	$	9,289		$	8,783		(5	)%
Spread Products / Other Fixed Income	727			1,119			988			716			521			(27	)%	(28	)%	3,564			3,344			(6	)%
Total Fixed Income Markets	$	2,957		$	3,622		$	3,215		$	2,877		$	2,413		(16	)%	(18	)%	$	12,853		$	12,127		(6	)%

Commissions and Fees	$	322		$	316		$	313		$	301		$	304		1	%	(6	)%	1,300			1,234			(5	)%
Principal Transactions (5)	86			166			(25		)	190			51			(73	)%	(41	)%	134			382			NM
Other	6			8			(7		)	(5		)	8			NM		33	%	139			4			(97	)%
Total Non-Interest Revenue	$	414		$	490		$	281		$	486		$	363		(25	)%	(12	)%	$	1,573		$	1,620		3	%
Net Interest Revenue	271			279			410			271			167			(38	)%	(38	)%	1,239			1,127			(9	)%
Total Equity Markets	$	685		$	769		$	691		$	757		$	530		(30	)%	(23	)%	$	2,812		$	2,747		(2	)%

(1) Credit derivatives are used to economically hedge a portion of the corporate loan portfolio that includes both accrual loans and loans at fair value. Gain/(loss) on loan hedges includes the mark-to-market on the credit derivatives partially offset by the mark-to-market on the loans in the portfolio that are at fair value. 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 corporate lending revenues to reflect the cost of credit protection. Citigroup’s results of operations excluding the impact of gain/(loss) on loan hedges are non-GAAP financial measures.

(2) Third quarter of 2017 includes the $580 million gain on the sale of a fixed income analytics business.

(3) The full year of 2016 includes a charge of approximately $180 million, primarily reflecting the write-down of Citi’s net investment in Venezuela as a result of changes in the exchange rate during the 2016 first quarter.

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

(5) 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)

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

Net Interest Revenue	$	569		$	545		$	491		$	507		$	420		(17	)%	(26	)%	$	2,985		$	1,963
Non-interest revenue	292			632			162			2			326			NM		12	%	2,144			1,122
Total Revenues, Net of Interest Expense	861			1,177			653			509			746			47	%	(13	)%	5,129			3,085
Total Operating Expenses	1,130			1,117			990			822			857			4	%	(24	)%	4,977			3,786
Net Credit Losses	61			81			24			29			15			(48	)%	(75	)%	435			149
Credit Reserve Build / (Release)	(80		)	(35		)	(154		)	(79		)	(49		)	38	%	39	%	(456		)	(317		)
Provision for Benefits and Claims	—			1			—			—			(8		)	NM		NM		98			(7		)
Provision for Unfunded Lending Commitments	(2		)	5			(2		)	—			(3		)	NM		(50	)%	(8		)	—
Total provisions for credit losses and for benefits and claims	(21		)	52			(132		)	(50		)	(45		)	10	%	NM		69			(175		)
Income from Continuing Operations before Taxes	(248		)	8			(205		)	(263		)	(66		)	75	%	73	%	83			(526		)
Income Taxes (Benefits)	(233		)	(96		)	(179		)	(164		)	21,655			NM		NM		(471		)	21,216
Income (Loss) from Continuing Operations	(15		)	104			(26		)	(99		)	(21,721		)	NM		NM		554			(21,742		)
Income (Loss) from Discontinued Operations, net of taxes	(3		)	(18		)	21			(5		)	(109		)	NM		NM		(58		)	(111		)
Noncontrolling Interests	2			(6		)	10			(17		)	7			NM		NM		(2		)	(6		)
Net Income (Loss)	$	(20	)	$	92		$	(15	)	$	(87	)	$	(21,837	)	NM		NM		$	498		$	(21,847	)
EOP Assets (in billions of dollars)	$	103		$	95		$	92		$	100		$	75		(25	)%	(27	)%
Average Assets (in billions of dollars)	$	100		$	102		$	95		$	102		$	101		(1	)%	1	%	$	115		$	100
Return on Average Assets	(0.08		)%	0.37		%	(0.06		)%	(0.34		)%	(85.78		)%					0.43		%	(21.85		)%
Efficiency Ratio	131		%	95		%	152		%	161		%	115		%					97		%	123		%

Corporate/Other Consumer Key Indicators:

Consumer - International (2)

Branches (actual)	61			50			49			49			49			—		(20	)%
Average Loans (in billions)	$	2.4		$	2.1		$	1.9		$	1.9		$	1.7		(11	)%	(29	)%	$	5.2		$	1.9
EOP Loans (in billions)	$	2.4		$	2.1		$	1.8		$	1.7		$	1.6		(6	)%	(33	)%
Net Interest Revenue	$	94		$	76		$	80		$	63		$	74		17	%	(21	)%
As a % of Average Loans	15.58		%	14.68		%	16.89		%	13.16		%	17.27		%
Net Credit Losses	$	32		$	26		$	24		$	25		$	7		(72	)%	(78	)%	$	269		$	82
As a % of Average Loans	5.30		%	5.02		%	5.07		%	5.22		%	1.63		%					5.17		%	4.32		%
Loans 90+ Days Past Due	$	94		$	77		$	63		$	57		$	43		(25	)%	(54	)%
As a % of EOP Loans	3.92		%	3.67		%	3.50		%	3.35		%	2.69		%
Loans 30-89 Days Past Due	$	49		$	60		$	44		$	47		$	40		(15	)%	(18	)%
As a % of EOP Loans	2.04		%	2.86		%	2.44		%	2.76		%	2.50		%

Consumer - North America

Branches (actual)	251			27			—			—			—			—		(100	)%
Average Loans (in billions of dollars)	$	32.0		$	29.6		$	25.9		$	23.9		$	21.9		(8	)%	(32	)%	36.0			25.3
EOP Loans (in billions of dollars)	$	30.8		$	27.2		$	24.9		$	23.0		$	21.2		(8	)%	(31	)%
Net Interest Revenue	$	198		$	204		$	110		$	168		$	174		4	%	(12	)%
As a % of Average Loans	2.46		%	2.80		%	1.70		%	2.79		%	3.15		%
Net Credit Losses	$	28		$	43		$	(6	)	$	27		$	10		(63	)%	(64	)%	169			74
As a % of Average Loans	0.35		%	0.59		%	(0.09		)%	0.45		%	0.18		%					0.47		%	0.29		%
Loans 90+ Days Past Due (3)	$	740		$	607		$	538		$	548		$	514		(6	)%	(31	)%
As a % of EOP Loans	2.52		%	2.35		%	2.28		%	2.51		%	2.56		%
Loans 30-89 Days Past Due (3)	$	686		$	555		$	510		$	596		$	502		(16	)%	(27	)%
As a % of EOP Loans	2.33		%	2.15		%	2.16		%	2.73		%	2.50		%

(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) See footnote 1 on page 1.

(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)

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

North America Mortgages

Residential First	$	13.9		$	12.3		$	11.4		$	10.2		$	9.4		(8	)%	(32	)%
Home Equity	15.6			14.7			12.9			11.9			11.1			(7	)%	(29	)%
Average Loans (in billions of dollars)	$	29.5		$	27.0		$	24.3		$	22.1		$	20.5		(7	)%	(31	)%

Residential First	$	13.4		$	12.3		$	11.0		$	10.1		$	9.3		(8	)%	(31	)%
Home Equity	15.0			13.4			12.4			11.5			10.6			(8	)%	(29	)%
EOP Loans (in billions of dollars)	$	28.4		$	25.7		$	23.4		$	21.6		$	19.9		(8	)%	(30	)%

Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	18.0		$	15.9		$	14.9		$	12.6		$	12.1		(4	)%	(33	)%
Net Servicing & Gain/(Loss) on Sale (1)	$	17.9		$	(265.4	)	$	29.5		$	20.8		$	23.5		13	%	31	%
Net Interest Revenue	$	114		$	103		$	60		$	77		$	78		1	%	(32	)%
As a % of Avg. Loans	1.54		%	1.55		%	0.99		%	1.38		%	1.51		%

Residential First	$	(23	)	$	7		$	(26	)	$	1		$	(1	)	NM		96	%
Home Equity	25			10			14			23			8			(65	)%	(68	)%
Net Credit Losses (NCLs)	$	2		$	17		$	(12	)	$	24		$	7		(71	)%	NM
As a % of Avg. Loans	0.03		%	0.26		%	(0.20		)%	0.43		%	0.14		%

Residential First	$	290		$	212		$	175		$	194		$	173		(11	)%	(40	)%
Home Equity	420			385			356			346			334			(3	)%	(20	)%
Loans 90+ Days Past Due (2) (3)	$	710		$	597		$	531		$	540		$	507		(6	)%	(29	)%
As a % of EOP Loans	2.63		%	2.46		%	2.40		%	2.65		%	2.70		%

Residential First	$	395		$	314		$	290		$	365		$	284		(22	)%	(28	)%
Home Equity	234			214			197			209			195			(7	)%	(17	)%
Loans 30-89 Days Past Due (2) (3)	$	629		$	528		$	487		$	574		$	479		(17	)%	(24	)%
As a % of EOP Loans	2.33		%	2.17		%	2.20		%	2.81		%	2.55		%

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

The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) for each period were $0.9 billion and ($1.4 billion), $0.8 billion and ($1.4 billion), $0.7 billion and ($1.3 billion), $0.7 billion and ($1.2 billion), and $0.6 billion and ($1.1 billion), as of December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.2 billion and ($1.4 billion), and $0.1 billion and ($1.4 billion), $0.2 billion and ($1.3 billion), $0.1 billion and ($1.2 billion), and $0.1 billion and ($1.1 billion), as of December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017, respectively.

(3) The December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $7 million, $7 million, $6 million, $6 million and $4 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)
	Fourth		Third		Fourth		Fourth		Third		Fourth		Fourth		Third		Fourth
	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	$	143,119	$	176,942	$	179,810	$	268	$	486	$	479	0.74	%	1.09	%	1.06	%
Fed Funds Sold and Resale Agreements (6)	235,364		245,451		249,904		596		858		901		1.01	%	1.39	%	1.43	%
Trading Account Assets (7)	194,782		204,607		211,685		1,371		1,473		1,345		2.80	%	2.86	%	2.52	%
Investments	345,552		352,026		353,050		1,963		2,154		2,248		2.26	%	2.43	%	2.53	%
Total Loans (net of Unearned Income) (8)	626,028		646,321		653,951		10,033		10,681		10,597		6.38	%	6.56	%	6.43	%
Other Interest-Earning Assets	62,602		61,677		63,996		321		292		317		2.04	%	1.88	%	1.97	%
Total Average Interest-Earning Assets	$	1,607,447	$	1,687,024	$	1,712,396	$	14,552	$	15,944	$	15,887	3.60	%	3.75	%	3.68	%

Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	718,871	$	757,442	$	760,134	$	1,041	$	1,474	$	1,480	0.58	%	0.77	%	0.77	%
Deposit Insurance and FDIC Assessment	—		—		—		306		301		313
Total Deposits	718,871		757,442		760,134		1,347		1,775		1,793		0.75	%	0.93	%	0.94	%
Fed Funds Purchased and Repurchase Agreements (6)	150,137		158,064		162,838		424		712		780		1.12	%	1.79	%	1.90	%
Trading Account Liabilities (7)	81,670		89,809		89,485		124		169		176		0.60	%	0.75	%	0.78	%
Short-Term Borrowings	94,935		98,139		105,339		177		318		340		0.74	%	1.29	%	1.28	%
Long-Term Debt (9)	183,637		203,064		207,598		1,205		1,405		1,447		2.61	%	2.75	%	2.77	%
Total Average Interest-Bearing Liabilities	$	1,229,250	$	1,306,518	$	1,325,394	$	3,277	$	4,379	$	4,536	1.06	%	1.33	%	1.36	%
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment)	$	1,229,250	$	1,306,518	$	1,325,394	$	2,971	$	4,078	$	4,223	0.96	%	1.24	%	1.26	%

Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,275	$	11,565	$	11,351	2.79	%	2.72	%	2.63	%

NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	11,581	$	11,866	$	11,664	2.87	%	2.79	%	2.70	%

4Q17 Increase (Decrease) From													(16	)bps	(9	)bps

4Q17 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													(17	)bps	(9	)bps

(1) Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $113 million for the fourth quarter of 2016, $123 million for the third quarter of 2017 and $128 million for the fourth 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)

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

Global Consumer Banking
North America	$	185.0	$	188.4	$	185.2	$	185.1	$	182.5	(1	)%	(1	)%
Latin America	24.9		27.6		28.7		28.3		27.1		(4	)%	9	%
Asia (1)	89.9		95.4		95.4		96.6		97.7		1	%	9	%
Total	$	299.8	$	311.4	$	309.3	$	310.0	$	307.3	(1	)%	3	%

ICG
North America	$	282.6	$	287.0	$	280.0	$	290.2	$	295.9	2	%	5	%
EMEA	163.5		160.6		169.8		171.7		173.7		1	%	6	%
Latin America	25.7		27.5		26.9		25.8		25.4		(2	)%	(1	)%
Asia	140.0		144.4		146.9		151.9		144.5		(5	)%	3	%
Total	$	611.8	$	619.5	$	623.6	$	639.6	$	639.5	—		5	%

Corporate/Other	$	17.8	$	19.1	$	25.8	$	14.4	$	13.0	(10	)%	(27	)%

Total Deposits - EOP	$	929.4	$	950.0	$	958.7	$	964.0	$	959.8	—		3	%

Total Deposits - Average	$	935.1	$	940.9	$	960.0	$	965.9	$	973.3	1	%	4	%

Foreign Currency (FX) Translation Impact:
Total EOP Deposits - as Reported	$	929.4	$	950.0	$	958.7	$	964.0	$	959.8	—		3	%
Impact of FX Translation (2)	23.4		12.1		5.4		1.4		—
Total EOP Deposits - Ex-FX (2)	$	952.8	$	962.1	$	964.1	$	965.4	$	959.8	(1	)%	1	%

(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 fourth 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)

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

Global Consumer Banking

North America
Credit Cards	$	133.3	$	126.4	$	130.8	$	132.2	$	139.7	6	%	5	%
Retail Banking	55.3		55.5		55.6		55.7		56.0		1	%	1	%
Total	$	188.6	$	181.9	$	186.4	$	187.9	$	195.7	4	%	4	%

Latin America
Credit Cards	$	4.8	$	5.2	$	5.5	$	5.6	$	5.4	(4	)%	13	%
Retail Banking	18.0		19.7		21.0		21.0		19.9		(5	)%	11	%
Total	$	22.8	$	24.9	$	26.5	$	26.6	$	25.3	(5	)%	11	%

Asia (1)
Credit Cards	$	17.5	$	18.3	$	18.8	$	18.8	$	19.8	5	%	13	%
Retail Banking	63.0		66.2		66.8		67.5		70.0		4	%	11	%
Total	$	80.5	$	84.5	$	85.6	$	86.3	$	89.8	4	%	12	%

Total GCB Consumer Loans
Credit Cards	$	155.6	$	149.9	$	155.1	$	156.6	$	164.9	5	%	6	%
Retail Banking	136.3		141.4		143.4		144.2		145.9		1	%	7	%
Total GCB	$	291.9	$	291.3	$	298.5	$	300.8	$	310.8	3	%	6	%

Corporate/Other - Consumer:

North America
Mortgages	$	28.4	$	25.7	$	23.4	$	21.6	$	19.9	(8	)%	(30	)%
Other	2.4		1.5		1.5		1.4		1.3		(7	)%	(46	)%
Total	$	30.8	$	27.2	$	24.9	$	23.0	$	21.2	(8	)%	(31	)%

International	$	2.4	$	2.1	$	1.8	$	1.7	$	1.6	(6	)%	(33	)%

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

Total Corporate/Other - Consumer	$	33.2	$	29.3	$	26.8	$	24.8	$	22.9	(8	)%	(31	)%

Total Consumer Loans	$	325.1	$	320.6	$	325.3	$	325.6	$	333.7	2	%	3	%

Total Corporate Loans
North America	$	148.0	$	147.8	$	151.8	$	155.8	$	159.2	2	%	8	%
EMEA	62.7		66.4		71.3		72.7		74.4		2	%	19	%
Latin America	33.8		35.1		34.1		33.7		33.5		(1	)%	(1	)%
Asia	54.8		58.7		62.2		65.4		66.3		1	%	21	%
Total Corporate Loans	$	299.3	$	308.0	$	319.4	$	327.6	$	333.4	2	%	11	%

Total Loans	$	624.4	$	628.6	$	644.7	$	653.2	$	667.0	2	%	7	%

Foreign Currency (FX) Translation Impact:
Total EOP Loans - as Reported	$	624.4	$	628.6	$	644.7	$	653.2	$	667.0	2	%	7	%
Impact of FX Translation (2)	12.3		4.8		2.0		0.2		—
Total EOP Loans - Ex-FX (2)	$	636.7	$	633.4	$	646.7	$	653.4	$	667.0	2	%	5	%

(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 fourth 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
	4Q			1Q			2Q			3Q			4Q			4Q
	2016			2017			2017			2017			2017			2017

GCB (2)
Total	$	2,293		$	2,241		$	2,183		$	2,279		$	2,478		$	310.8
*Ratio*	0.79		%	0.77		%	0.73		%	0.76		%	0.80		%

Retail Bank (2)
Total	$	474		$	488		$	477		$	489		$	515		$	145.9
Ratio	0.35		%	0.35		%	0.33		%	0.34		%	0.35		%
North America (2)	$	181		$	182		$	155		$	167		$	199		$	56.0
Ratio	0.33		%	0.33		%	0.28		%	0.30		%	0.36		%
Latin America	$	136		$	141		$	150		$	151		$	130		$	19.9
Ratio	0.76		%	0.72		%	0.71		%	0.72		%	0.65		%
Asia (3)	$	157		$	165		$	172		$	171		$	186		$	70.0
Ratio	0.25		%	0.25		%	0.26		%	0.25		%	0.27		%

Cards
Total	$	1,819		$	1,753		$	1,706		$	1,790		$	1,963		$	164.9
Ratio	1.17		%	1.17		%	1.10		%	1.14		%	1.19		%
North America - Citi-Branded	$	748		$	698		$	659		$	668		$	768		$	90.5
Ratio	0.87		%	0.85		%	0.77		%	0.77		%	0.85		%
North America - Retail Services	$	761		$	735		$	693		$	772		$	845		$	49.2
Ratio	1.61		%	1.66		%	1.53		%	1.68		%	1.72		%
Latin America	$	130		$	137		$	161		$	159		$	151		$	5.4
Ratio	2.71		%	2.63		%	2.93		%	2.84		%	2.80		%
Asia (3)	$	180		$	183		$	193		$	191		$	199		$	19.8
Ratio	1.03		%	1.00		%	1.03		%	1.02		%	1.01		%

Corporate/Other - Consumer (2) (4)	$	834		$	684		$	601		$	605		$	557		$	22.9
*Ratio*	2.62		%	2.45		%	2.37		%	2.57		%	2.57		%
International	$	94		$	77		$	63		$	57		$	43		$	1.6
Ratio	3.92		%	3.67		%	3.50		%	3.35		%	2.69		%
North America (2) (4)	$	740		$	607		$	538		$	548		$	514		$	21.3
Ratio	2.52		%	2.35		%	2.28		%	2.51		%	2.56		%

Total Citigroup (2) (4)	$	3,127		$	2,925		$	2,784		$	2,884		$	3,035		$	333.7
Ratio	0.97		%	0.92		%	0.86		%	0.89		%	0.91		%

(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
	4Q			1Q			2Q			3Q			4Q			4Q
	2016			2017			2017			2017			2017			2017

GCB (2)
Total	$	2,540		$	2,516		$	2,498		$	2,763		$	2,762		$	310.8
*Ratio*	0.87		%	0.87		%	0.84		%	0.92		%	0.89		%

Retail Bank (2)
Total	$	726		$	777		$	747		$	805		$	822		$	145.9
Ratio	0.54		%	0.55		%	0.52		%	0.56		%	0.57		%
North America (2)	$	214		$	189		$	191		$	270		$	306		$	56.0
Ratio	0.39		%	0.35		%	0.35		%	0.49		%	0.55		%
Latin America	$	185		$	246		$	216		$	244		$	195		$	19.9
Ratio	1.03		%	1.25		%	1.03		%	1.16		%	0.98		%
Asia (3)	$	327		$	342		$	340		$	291		$	321		$	70.0
Ratio	0.52		%	0.52		%	0.51		%	0.43		%	0.46		%

Cards
Total	$	1,814		$	1,739		$	1,751		$	1,958		$	1,940		$	164.9
Ratio	1.17		%	1.16		%	1.13		%	1.25		%	1.18		%
North America - Citi-Branded	$	688		$	632		$	619		$	705		$	698		$	90.5
Ratio	0.80		%	0.77		%	0.72		%	0.82		%	0.77		%
North America - Retail Services	$	777		$	730		$	730		$	836		$	830		$	49.2
Ratio	1.64		%	1.65		%	1.62		%	1.82		%	1.69		%
Latin America	$	125		$	145		$	151		$	163		$	153		$	5.4
Ratio	2.60		%	2.79		%	2.75		%	2.91		%	2.83		%
Asia (3)	$	224		$	232		$	251		$	254		$	259		$	19.8
Ratio	1.28		%	1.27		%	1.34		%	1.35		%	1.31		%

Corporate/Other - Consumer (2) (4)	$	735		$	615		$	554		$	643		$	542		$	22.9
*Ratio*	2.31		%	2.20		%	2.18		%	2.74		%	2.50		%
International	$	49		$	60		$	44		$	47		$	40		$	1.6
Ratio	2.04		%	2.86		%	2.44		%	2.76		%	2.50		%
North America (2) (4)	$	686		$	555		$	510		$	596		$	502		$	21.3
Ratio	2.33		%	2.15		%	2.16		%	2.73		%	2.50		%

Total Citigroup (2) (4)	$	3,275		$	3,131		$	3,052		$	3,406		$	3,304		$	333.7
Ratio	1.01		%	0.98		%	0.94		%	1.05		%	1.00		%

(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)

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

Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	12,439		$	12,060		$	12,030		$	12,025		$	12,366						$	12,626		$	12,060

Gross Credit (Losses)	(2,083		)	(2,144		)	(2,130		)	(2,120		)	(2,279		)	(8	)%	(9	)%	(8,222		)	(8,673		)	(5	)%
Gross Recoveries	387			435			420			343			399			16	%	3	%	1,661			1,597			(4	)%
Net Credit (Losses) / Recoveries (NCLs)	(1,696		)	(1,709		)	(1,710		)	(1,777		)	(1,880		)	(6	)%	(11	)%	(6,561		)	(7,076		)	(8	)%
NCLs	1,696			1,709			1,710			1,777			1,880			6	%	11	%	6,561			7,076			8	%
Net Reserve Builds / (Releases)	130			(20		)	67			419			78			(81	)%	(40	)%	340			544			60	%
Net Specific Reserve Builds / (Releases)	(99		)	(14		)	(111		)	(50		)	58			NM		NM		(152		)	(117		)	23	%
Provision for Loan Losses	1,727			1,675			1,666			2,146			2,016			(6	)%	17	%	6,749			7,503			11	%
Other (2) (3) (4) (5) (6) (7)	(410		)	4			39			(28		)	(147		)	NM		64	%	(754		)	(132		)
Allowance for Loan Losses at End of Period (1) (a)	$	12,060		$	12,030		$	12,025		$	12,366		$	12,355						$	12,060		$	12,355

Allowance for Unfunded Lending Commitments (8) (a)	$	1,418		$	1,377		$	1,406		$	1,232		$	1,258						$	1,418		$	1,258

Provision for Unfunded Lending Commitments	$	33		$	(43	)	$	28		$	(175	)	$	29						$	29		$	(161	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	13,478		$	13,407		$	13,431		$	13,598		$	13,613						$	13,478		$	13,613

Total Allowance for Loan Losses as a Percentage of Total Loans (9) (10)	1.94		%	1.93		%	1.88		%	1.91		%	1.87		%

Consumer:
Allowance for Loan Losses at Beginning of Period (1)	$	9,673		$	9,358		$	9,495		$	9,515		$	9,892						$	9,835		$	9,358

Net Credit Losses (NCLs)	(1,576		)	(1,672		)	(1,633		)	(1,734		)	(1,658		)	4	%	(5	)%	(6,048		)	(6,697		)	(11	)%
NCLs	1,576			1,672			1,633			1,734			1,658			(4	)%	5	%	6,048			6,697			11	%
Net Reserve Builds / (Releases)	93			146			71			479			115			(76	)%	24	%	425			811			91	%
Net Specific Reserve Builds / (Releases)	(10		)	(2		)	(84		)	(71		)	12			NM		NM		(152		)	(145		)	5	%
Provision for Loan Losses	1,659			1,816			1,620			2,142			1,785			(17	)%	8	%	6,321			7,363			16	%
Other (2) (3) (4) (5) (6) (7)	(398		)	(7		)	33			(31		)	(150		)	NM		62	%	(750		)	(155		)	79	%
Allowance for Loan Losses at End of Period (1) (b)	$	9,358		$	9,495		$	9,515		$	9,892		$	9,869						$	9,358		$	9,869

Consumer Allowance for Unfunded Lending Commitments (8) (b)	$	35		$	41		$	40		$	35		$	33						$	35		$	33

Provision for Unfunded Lending Commitments	$	(3	)	$	6		$	(1	)	$	(5	)	$	(2	)					$	(2	)	$	(2	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	9,393		$	9,536		$	9,555		$	9,927		$	9,902						$	9,393		$	9,902

Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (9)	2.88		%	2.96		%	2.93		%	3.04		%	2.96		%

Corporate
Allowance for Loan Losses at Beginning of Period (1)	$	2,766		$	2,702		$	2,535		$	2,510		$	2,474						$	2,791		$	2,702

Net Credit (Losses) / Recoveries (NCL’s)	(120		)	(37		)	(77		)	(43		)	(222		)	NM		(85	)%	(513		)	(379		)	26	%
NCLs	120			37			77			43			222			NM		85	%	513			379			(26	)%
Net Reserve Builds / (Releases)	37			(166		)	(4		)	(60		)	(37		)	38	%	NM		(85		)	(267		)	NM
Net Specific Reserve Builds / (Releases)	(89		)	(12		)	(27		)	21			46			NM		NM		—			28			NM
Provision for Loan Losses	68			(141		)	46			4			231			NM		NM		428			140			(67	)%
Other (2)	(12		)	11			6			3			3							(4		)	23
Allowance for Loan Losses at End of Period (1) (c)	$	2,702		$	2,535		$	2,510		$	2,474		$	2,486						$	2,702		$	2,486

Corporate Allowance for Unfunded Lending Commitments (8) (c)	$	1,383		$	1,336		$	1,366		$	1,197		$	1,225						$	1,383		$	1,225

Provision for Unfunded Lending Commitments	$	36		$	(49	)	$	29		$	(170	)	$	31						$	31		$	(159	)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (c)]	$	4,085		$	3,871		$	3,876		$	3,671		$	3,711						$	4,085		$	3,711

Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (10)	0.91		%	0.83		%	0.80		%	0.77		%	0.76		%

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 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.

(4) 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.

(5) 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.

(6) The third quarter of 2017 includes a reduction of approximately $34 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $28 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the third quarter includes an increase of approximately $7 million related to FX translation.

(7) The fourth quarter of 2017 includes a reduction of approximately $239 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $22 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the fourth quarter includes an increase of approximately $86 million related to FX translation.

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

(9) December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017 exclude $29 million, $28 million, $27 million, $27 million and $25 million, respectively, of consumer loans which are carried at fair value.

(10) December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017 exclude $3.5 billion, $4.0 billion, $4.2 billion, $4.3 billion and $4.9 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)

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

Global Consumer Banking
Net Credit Losses	$	1,516		$	1,603		$	1,615		$	1,704		$	1,640		(4	)%	8	%	$	5,610		$	6,562		17	%
Credit Reserve Build / (Release)	164			177			125			486			177			(64	)%	8	%	708			965			36	%
North America
Net Credit Losses	1,105			1,190			1,181			1,239			1,186			(4	)%	7	%	3,919			4,796			22	%
Credit Reserve Build / (Release)	117			152			101			463			153			(67	)%	31	%	653			869			33	%
Retail Banking
Net Credit Losses	83			37			39			88			30			(66	)%	(64	)%	205			194			(5	)%
Credit Reserve Build / (Release)	(22		)	7			(7		)	(47		)	3			NM		NM		(11		)	(44		)	NM
Citi-Branded Cards
Net Credit Losses	539			633			611			611			592			(3	)%	10	%	1,909			2,447			28	%
Credit Reserve Build / (Release)	78			92			26			192			87			(55	)%	12	%	384			397			3	%
Citi Retail Services
Net Credit Losses	483			520			531			540			564			4	%	17	%	1,805			2,155			19	%
Credit Reserve Build / (Release)	61			53			82			318			63			(80	)%	3	%	280			516			84	%
Latin America
Net Credit Losses	248			253			277			295			292			(1	)%	18	%	1,040			1,117			7	%
Credit Reserve Build / (Release)	36			12			50			44			19			(57	)%	(47	)%	83			125			51	%
Retail Banking
Net Credit Losses	138			137			151			143			153			7	%	11	%	541			584			8	%
Credit Reserve Build / (Release)	31			14			27			13			(5		)	NM		NM		91			49			(46	)%
Citi-Branded Cards
Net Credit Losses	110			116			126			152			139			(9	)%	26	%	499			533			7	%
Credit Reserve Build / (Release)	5			(2		)	23			31			24			(23	)%	NM		(8		)	76			NM
Asia (1)
Net Credit Losses	163			160			157			170			162			(5	)%	(1	)%	651			649			—
Credit Reserve Build / (Release)	11			13			(26		)	(21		)	5			NM		(55	)%	(28		)	(29		)	(4	)%
Retail Banking
Net Credit Losses	65			62			54			69			60			(13	)%	(8	)%	261			245			(6	)%
Credit Reserve Build / (Release)	12			(6		)	(9		)	(23		)	6			NM		(50	)%	(6		)	(32		)	NM
Citi-Branded Cards
Net Credit Losses	98			98			103			101			102			1	%	4	%	390			404			4	%
Credit Reserve Build / (Release)	(1		)	19			(17		)	2			(1		)	NM		—		(22		)	3			NM

Institutional Clients Group (ICG)
Net Credit Losses	119			25			71			44			225			NM		89	%	516			365			(29	)%
Credit Reserve Build / (Release)	(53		)	(176		)	(15		)	(38		)	8			NM		NM		(64		)	(221		)	NM

Corporate / Other
Net Credit Losses	61			81			24			29			15			(48	)%	(75	)%	435			149			(66	)%
Credit Reserve Build / (Release)	(80		)	(35		)	(154		)	(79		)	(49		)	38	%	39	%	(456		)	(317		)	30	%

Total Provision for Loan Losses	$	1,727		$	1,675		$	1,666		$	2,146		$	2,016		(6	)%	17	%	$	6,749		$	7,503		11	%

(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)

																4Q17 Increase/
	4Q			1Q			2Q			3Q			4Q			(Decrease) from
	2016			2017			2017			2017			2017			3Q17		4Q16
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region
North America	$	984		$	993		$	944		$	915		$	784		(14	)%	(20	)%
EMEA	904			828			727			681			849			25	%	(6	)%
Latin America	379			342			281			312			280			(10	)%	(26	)%
Asia	154			176			146			146			29			(80	)%	(81	)%
Total	$	2,421		$	2,339		$	2,098		$	2,054		$	1,942		(5	)%	(20	)%

Consumer Non-Accrual Loans By Region (2) (3)
North America	$	2,160		$	1,926		$	1,754		$	1,721		$	1,650		(4	)%	(24	)%
Latin America	711			737			793			791			756			(4	)%	6	%
Asia (4)	287			292			301			271			284			5	%	(1	)%
Total	$	3,158		$	2,955		$	2,848		$	2,783		$	2,690		(3	)%	(15	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

Institutional Clients Group	$	14		$	13		$	26		$	46		$	39		(15	)%	NM
Global Consumer Banking	34			33			33			38			30			(21	)%	(12	)%
Corporate/Other	138			127			109			59			75			27	%	(46	)%
TOTAL OTHER REAL ESTATE OWNED (OREO) (5)	$	186		$	173		$	168		$	143		$	144		1	%	(23	)%

OREO By Region:
North America	$	161		$	136		$	128		$	97		$	89		(8	)%	(45	)%
EMEA	—			1			1			1			2			100	%	NM
Latin America	18			31			31			30			35			17	%	94	%
Asia	7			5			8			15			18			20	%	NM
Total	$	186		$	173		$	168		$	143		$	144		1	%	(23	)%

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

Non-Accrual Assets (NAA) (6)
Corporate Non-Accrual Loans	$	2,421		$	2,339		$	2,098		$	2,054		$	1,942		(5	)%	(20	)%
Consumer Non-Accrual Loans	3,158			2,955			2,848			2,783			2,690			(3	)%	(15	)%
Non-Accrual Loans (NAL)	5,579			5,294			4,946			4,837			4,632			(4	)%	(17	)%
OREO	186			173			168			143			144			1	%	(23	)%
Other Repossessed Assets	—			—			—			—			—			—		—
Non-Accrual Assets (NAA)	$	5,765		$	5,467		$	5,114		$	4,980		$	4,776		(4	)%	(17	)%

NAL as a % of Total Loans	0.89		%	0.84		%	0.77		%	0.74		%	0.69		%
NAA as a % of Total Assets	0.32		%	0.30		%	0.27		%	0.26		%	0.26		%

Allowance for Loan Losses as a % of NAL	216		%	227		%	243		%	256		%	267		%

(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.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 27

CITIGROUP

CET1 CAPITAL AND SUPPLEMENTARY LEVERAGE RATIOS, TANGIBLE COMMON EQUITY, BOOK VALUE PER

SHARE AND TANGIBLE BOOK VALUE PER SHARE

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

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

Citigroup Common Stockholders’ Equity(4)	$	206,051		$	208,907		$	210,950		$	208,565		$	182,265
Add: Qualifying noncontrolling interests	129			133			143			144			153
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(5)	(560		)	(562		)	(445		)	(437		)	(584		)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(6)	(61		)	(173		)	(291		)	(416		)	(582		)
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(7)	20,858			21,448			21,589			21,532			22,231
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	4,876			4,738			4,587			4,410			4,265
Defined benefit pension plan net assets	857			836			796			720			896
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	21,337			21,077			20,832			20,068			13,382
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(8)	9,357			9,012			8,851			9,298			—
Common Equity Tier 1 Capital (CET1)	$	149,516		$	152,664		$	155,174		$	153,534		$	142,810
Risk-Weighted Assets (RWA)	$	1,189,680		$	1,191,397		$	1,188,167		$	1,182,918		$	1,160,282
Common Equity Tier 1 Capital Ratio (CET1/RWA)	12.57		%	12.81		%	13.06		%	12.98		%	12.3		%

Supplementary Leverage Ratio and Components

Common Equity Tier 1 Capital (CET1)	$	149,516		$	152,664		$	155,174		$	153,534		$	142,810
Additional Tier 1 Capital (AT1)(9)	19,874			19,791			19,955			19,315			19,509
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	169,390		$	172,455		$	175,129		$	172,849		$	162,319
Total Leverage Exposure (TLE)	$	2,345,391		$	2,372,177		$	2,418,658		$	2,430,582		$	2,433,623
Supplementary Leverage Ratio (T1C/TLE)	7.22		%	7.27		%	7.24		%	7.11		%	6.7		%

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

Common Stockholders’ Equity	$	205,867		$	208,723		$	210,766		$	208,381		$	182,081
Less:
Goodwill	21,659			22,265			22,349			22,345			22,256
Intangible assets (other than MSRs)	5,114			5,013			4,887			4,732			4,588
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS	72			48			120			48			32
Tangible Common Equity (TCE)	$	179,022		$	181,397		$	183,410		$	181,256		$	155,205
Common Shares Outstanding (CSO)	2,772.4			2,753.3			2,724.6			2,644.0			2,569.8
Book Value Per Share (Common Equity/CSO)	$	74.26		$	75.81		$	77.36		$	78.81		$	70.85
Tangible Book Value Per Share (TCE/CSO)	$	64.57		$	65.88		$	67.32		$	68.55		$	60.40

(1) See footnote 2 on page 1.

(2) See footnote 4 on page 1.

(3) Preliminary. See footnote 1 on page 1.

(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 periods presented prior to December 31, 2017, 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.

Reclassified to conform to the current period’s presentation.

Page 28

CITIGROUP INC - FORM 8-K - EX-99.2 - January 16, 2018

Attached files