CITIGROUP INC - FORM 8-K - EX-99.2

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EX-99.1 - EX-99.1 - CITIGROUP INC	a18-9986_1ex99d1.htm
8-K - 8-K - CITIGROUP INC	a18-9986_18k.htm

Exhibit 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

1Q18

	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 Citi’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)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017(1)			2018			4Q17		1Q17

Total Revenues, Net of Interest Expense	$	18,366		$	18,155		$	18,419		$	17,504		$	18,872		8	%	3	%
Total Operating Expenses	10,723			10,760			10,417			10,332			10,925			6	%	2	%
Net Credit Losses (NCLs)	1,709			1,710			1,777			1,880			1,867			(1	)%	9	%
Credit Reserve Build / (Release)	(34		)	(44		)	369			136			(64		)	NM		(88	)%
Provision / (Release) for Unfunded Lending Commitments	(43		)	28			(175		)	29			28			(3	)%	NM
Provision for Benefits and Claims	30			23			28			28			26			(7	)%	(13	)%
Provisions for Credit Losses and for Benefits and Claims	$	1,662		$	1,717		$	1,999		$	2,073		$	1,857		(10	)%	12	%
Income from Continuing Operations before Income Taxes	$	5,981		$	5,678		$	6,003		$	5,099		$	6,090		19	%	2	%
Income Taxes (Benefits)	1,863			1,795			1,866			23,864			1,441			(94	)%	(23	)%
Income (Loss) from Continuing Operations	$	4,118		$	3,883		$	4,137		$	(18,765	)	$	4,649		NM		13	%
Income (Loss) from Discontinued Operations, net of Taxes	(18		)	21			(5		)	(109		)	(7		)	94	%	61	%
Net Income (Loss) before Noncontrolling Interests	$	4,100		$	3,904		$	4,132		$	(18,874	)	$	4,642		NM		13	%
Net Income Attributable to Noncontrolling Interests	10			32			(1		)	19			22			16	%	NM
Citigroup’s Net Income (Loss)	$	4,090		$	3,872		$	4,133		$	(18,893	)	$	4,620		NM		13	%

Diluted Earnings Per Share:
Income (Loss) from Continuing Operations	$	1.36		$	1.27		$	1.42		$	(7.33	)	$	1.68		NM		24	%
Citigroup’s Net Income (Loss)	$	1.35		$	1.28		$	1.42		$	(7.38	)	$	1.68		NM		24	%
Shares (in millions):
Average Basic	2,765.3			2,739.1			2,683.6			2,606.2			2,561.6			(2	)%	(7	)%
Average Diluted	2,765.5			2,739.2			2,683.7			2,606.2			2,563.0			(2	)%	(7	)%
Common Shares Outstanding, at period end	2,753.3			2,724.6			2,644.0			2,569.9			2,549.9			(1	)%	(7	)%

Preferred Dividends	$	301		$	320		$	272		$	320		$	272		(15	)%	(10	)%

Income Allocated to Unrestricted Common Shareholders - Basic
Income (Loss) from Continuing Operations	$	3,752		$	3,483		$	3,813		$	(19,116	)	$	4,304		NM		15	%
Citigroup’s Net Income (Loss)	$	3,734		$	3,504		$	3,808		$	(19,225	)	$	4,297		NM		15	%

Income Allocated to Unrestricted Common Shareholders - Diluted
Income (Loss) from Continuing Operations	$	3,752		$	3,483		$	3,813		$	(19,116	)	$	4,304		NM		15	%
Citigroup’s Net Income (Loss)	$	3,734		$	3,504		$	3,808		$	(19,225	)	$	4,297		NM		15	%

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 (CET1) Capital Ratio (2) (3) (4) (5)	12.81		%	13.06		%	12.98		%	12.36		%	12.1		%
Tier 1 Capital Ratio(2) (3) (4) (5)	14.48		%	14.74		%	14.61		%	14.06		%	13.7		%
Total Capital Ratio(2) (3) (4) (5)	16.52		%	16.93		%	16.95		%	16.30		%	16.0		%
Supplementary Leverage Ratio(3) (4) (5) (6)	7.27		%	7.24		%	7.11		%	6.68		%	6.7		%
Return on Average Assets	0.91		%	0.83		%	0.87		%	(3.93		)%	0.98		%
Return on Average Common Equity	7.4		%	6.8		%	7.3		%	(37.5		)%	9.7		%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)	58		%	59		%	57		%	59		%	58		%

Balance Sheet Data (in billions of dollars, except per share amounts):
Total Assets	$	1,821.5		$	1,864.1		$	1,889.1		$	1,842.5		$	1,922.1		4	%	6	%
Total Average Assets	1,830.6			1,869.2			1,892.3			1,909.7			1,904.2			—		4	%
Total Deposits	950.0			958.7			964.0			959.8			1,001.2			4	%	5	%
Citigroup’s Stockholders’ Equity(4) (5)	228.0			230.0			227.6			200.7			201.9			1	%	(11	)%
Book Value Per Share(4)	75.81			77.36			78.81			70.62			71.67			1	%	(5	)%
Tangible Book Value Per Share(4) (7)	65.88			67.32			68.55			60.16			61.02			1	%	(7	)%

Direct Staff (in thousands)	215			214			213			209			209			—		(3	)%

(1) 4Q17 includes the $22.6 billion impact related to the enactment of the Tax Cuts and Jobs Act (Tax Reform), which was signed into law on December 22, 2017. The $22.6 billion increase in income taxes from Tax Reform was recorded in North America GCB ($0.8 billion), ICG ($2.0 billion) and Corporate/ Other ($19.8 billion). The final impact of Tax Reform may differ from these estimates, due to, among other things, changes in assumptions made by Citigroup and additional guidance that may be issued by the U.S. Department of the Treasury.

(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 as of March 31, 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 reflect full implementation of the U.S. Basel III rules for all periods. As of December 31, 2017 and for all prior periods, these ratios are non-GAAP financial measures, which reflect full implementation of regulatory capital adjustments and deductions prior to the effective date of January 1, 2018. For the composition of Citi’s CET1 Capital and ratio, see page 28.

(3) March 31, 2018 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) Citi early adopted ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income as of December 31, 2017. The ASU allows a reclassification from Accumulated other comprehensive income (loss) (AOCI) to Retained earnings for the deferred taxes previously recorded in AOCI that exceed the current federal tax rate of 21% resulting from the newly enacted corporate tax rate as part of Tax Reform. The effect of adopting the ASU resulted in an increase of $3,304 million to Retained earnings at December 31, 2017 due to the reclassification of AOCI to Retained earnings.

(6) Citigroup’s Supplementary Leverage Ratio (SLR) reflects full implementation of the U.S. Basel III rules for all periods. As of December 31, 2017 and for all prior periods, this ratio is a non-GAAP financial measure, which reflects full implementation of regulatory capital adjustments and deductions prior to the effective date of January 1, 2018. For the composition of Citi’s SLR, see page 28.

(7) 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.

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17
Revenues
Interest revenue	$	14,521		$	15,294		$	15,914		$	15,850		$	16,332		3	%	12	%
Interest expense	3,566			4,036			4,379			4,537			5,160			14	%	45	%
Net interest revenue	10,955			11,258			11,535			11,313			11,172			(1	)%	2	%

Commissions and fees	3,055			3,256			3,241			3,155			3,030			(4	)%	(1	)%
Principal transactions	3,094			2,643			2,248			1,490			3,289			NM		6	%
Administrative and other fiduciary fees	834			909			929			912			905			(1	)%	9	%
Realized gains (losses) on investments	192			221			213			152			170			12	%	(11	)%
Other-than-temporary impairment losses on investments and other assets	(12		)	(20		)	(15		)	(16		)	(28		)	(75	)%	NM
Other revenue	248			(112		)	268			498			334			(33	)%	35	%
Total non-interest revenues	7,411			6,897			6,884			6,191			7,700			24	%	4	%
Total revenues, net of interest expense	18,366			18,155			18,419			17,504			18,872			8	%	3	%

Provisions for Credit Losses and for Benefits and Claims

Net credit losses	1,709			1,710			1,777			1,880			1,867			(1	)%	9	%
Credit reserve build / (release)	(34		)	(44		)	369			136			(64		)	NM		(88	)%
Provision for loan losses	1,675			1,666			2,146			2,016			1,803			(11	)%	8	%
Provision for Policyholder benefits and claims	30			23			28			28			26			(7	)%	(13	)%
Provision for unfunded lending commitments	(43		)	28			(175		)	29			28			(3	)%	NM
Total provisions for credit losses and for benefits and claims	1,662			1,717			1,999			2,073			1,857			(10	)%	12	%

Operating Expenses
Compensation and benefits	5,534			5,463			5,304			4,880			5,807			19	%	5	%
Premises and Equipment	620			604			608			621			593			(5	)%	(4	)%
Technology / communication expense	1,663			1,695			1,764			1,787			1,758			(2	)%	6	%
Advertising and marketing expense	373			432			417			386			381			(1	)%	2	%
Other operating	2,533			2,566			2,324			2,658			2,386			(10	)%	(6	)%
Total operating expenses	10,723			10,760			10,417			10,332			10,925			6	%	2	%

Income from Continuing Operations before Income Taxes	5,981			5,678			6,003			5,099			6,090			19	%	2	%
Provision (benefits) for income taxes	1,863			1,795			1,866			23,864			1,441			(94	)%	(23	)%

Income (Loss) from Continuing Operations	4,118			3,883			4,137			(18,765		)	4,649			NM		13	%
Discontinued Operations
Income (Loss) from Discontinued Operations	(28		)	33			(9		)	(100		)	(7)			93	%	75	%
Provision (benefits) for income taxes	(10		)	12			(4		)	9			—			(100	)%	100	%
Income (Loss) from Discontinued Operations, net of taxes	(18		)	21			(5		)	(109		)	(7		)	94	%	61	%

Net Income (Loss) before Noncontrolling Interests	4,100			3,904			4,132			(18,874		)	4,642			NM		13	%

Net Income (Loss) attributable to noncontrolling interests	10			32			(1		)	19			22			16	%	NM
Citigroup’s Net Income (Loss)	$	4,090		$	3,872		$	4,133		$	(18,893	)	$	4,620		NM		13	%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

																1Q18 Increase/
	March 31,			June 30,			September 30,			December 31,			March 31,			(Decrease) from
	2017			2017			2017			2017			2018 (1)			4Q17		1Q17
Assets
Cash and due from banks (including segregated cash and other deposits)	$	22,272		$	20,940		$	22,604		$	23,775		$	21,850		(8	)%	(2	)%
Deposits with banks	157,773			165,142			163,505			156,741			180,854			15	%	15	%
Fed funds sold and securities borr’d or purch under agree. to resell	242,929			234,065			252,608			232,478			257,887			11	%	6	%
Brokerage receivables	36,888			40,487			38,076			38,384			46,572			21	%	26	%
Trading account assets	245,815			260,549			260,151			252,702			268,808			6	%	9	%
Investments
Available-for-sale and non-marketable equity securities(2)	297,891			301,535			303,147			298,970			299,479			—		1	%
Held-to-maturity	47,820			50,175			51,527			53,320			52,492			(2	)%	10	%
Total Investments	345,711			351,710			354,674			352,290			351,971			—		2	%
Loans, net of unearned income
Consumer	320,556			325,261			325,576			333,656			325,084			(3	)%	1	%
Corporate	308,039			319,434			327,607			333,378			347,854			4	%	13	%
Loans, net of unearned income	628,595			644,695			653,183			667,034			672,938			1	%	7	%
Allowance for loan losses	(12,030		)	(12,025		)	(12,366		)	(12,355		)	(12,354		)	—		(3	)%
Total loans, net	616,565			632,670			640,817			654,679			660,584			1	%	7	%
Goodwill	22,265			22,349			22,345			22,256			22,659			2	%	2	%
Intangible assets (other than MSRs)	5,013			4,887			4,732			4,588			4,450			(3	)%	(11	)%
Mortgage servicing rights (MSRs)	567			560			553			558			587			5	%	4	%
Other assets	125,681			130,704			129,068			104,014			105,882			2	%	(16	)%
Total assets	$	1,821,479		$	1,864,063		$	1,889,133		$	1,842,465		$	1,922,104		4	%	6	%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	129,436		$	126,253		$	127,220		$	126,880		$	125,332		(1	)%	(3	)%
Interest-bearing deposits in U.S. offices	310,572			311,361			315,556			318,613			327,872			3	%	6	%
Total U.S. Deposits	440,008			437,614			442,776			445,493			453,204			2	%	3	%
Non-interest-bearing deposits in offices outside the U.S.	79,063			83,046			84,178			87,440			90,477			3	%	14	%
Interest-bearing deposits in offices outside the U.S.	430,919			438,083			437,084			426,889			457,538			7	%	6	%
Total International Deposits	509,982			521,129			521,262			514,329			548,015			7	%	7	%

Total deposits	949,990			958,743			964,038			959,822			1,001,219			4	%	5	%
Fed funds purch and securities loaned or sold under agree. to repurch.	148,230			154,780			161,282			156,277			171,759			10	%	16	%
Brokerage payables	59,655			62,947			63,205			61,342			69,685			14	%	17	%
Trading account liabilities	145,002			137,698			139,530			125,028			143,961			15	%	(1	)%
Short-term borrowings	26,127			36,519			38,149			44,452			36,094			(19	)%	38	%
Long-term debt	208,530			225,179			232,673			236,709			237,938			1	%	14	%
Other liabilities(3)	54,948			57,090			61,634			57,163			58,582			2	%	7	%
Total liabilities	$	1,592,482		$	1,632,956		$	1,660,511		$	1,640,793		$	1,719,238		5	%	8	%

Equity
Stockholders’ equity(2)(4)
Preferred stock	$	19,253		$	19,253		$	19,253		$	19,253		$	19,156		(1	)%	(1	)%
Common stock	31			31			31			31			31			—		—
Additional paid-in capital	107,613			107,798			107,896			108,008			107,599			—		—
Retained earnings(2)(4)	149,071			152,178			155,174			138,425			141,863			2	%	(5	)%
Treasury stock	(17,579		)	(19,342		)	(24,829		)	(30,309		)	(32,115		)	(6	)%	(83	)%
Accumulated other comprehensive income (loss)(4)	(30,413		)	(29,899		)	(29,891		)	(34,668		)	(34,619		)	—		(14	)%
Total common equity	$	208,723		$	210,766		$	208,381		$	181,487		$	182,759		1	%	(12	)%

Total Citigroup stockholders’ equity	$	227,976		$	230,019		$	227,634		$	200,740		$	201,915		1	%	(11	)%
Noncontrolling interests	1,021			1,088			988			932			951			2	%	(7	)%
Total equity	228,997			231,107			228,622			201,672			202,866			1	%	(11	)%
Total liabilities and equity	$	1,821,479		$	1,864,063		$	1,889,133		$	1,842,465		$	1,922,104		4	%	6	%

(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.

(4) See footnote 5 on page 1.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)

											1Q18 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2017		2017		2017		2017		2018		4Q17		1Q17

Global Consumer Banking
North America	$	4,945	$	4,946	$	5,197	$	5,182	$	5,157	—		4	%
Latin America	1,167		1,308		1,388		1,359		1,347		(1	)%	15	%
Asia (1)	1,734		1,819		1,885		1,908		1,929		1	%	11	%
Total	7,846		8,073		8,470		8,449		8,433		—		7	%

Institutional Clients Group
North America	3,522		3,646		3,709		3,046		3,265		7	%	(7	)%
EMEA	2,854		2,881		2,703		2,441		3,167		30	%	11	%
Latin America	1,169		1,086		1,099		1,031		1,210		17	%	4	%
Asia	1,774		1,808		1,919		1,786		2,206		24	%	24	%
Total	9,319		9,421		9,430		8,304		9,848		19	%	6	%

Corporate / Other	1,201		661		519		751		591		(21	)%	(51	)%

Total Citigroup - Net Revenues	$	18,366	$	18,155	$	18,419	$	17,504	$	18,872	8	%	3	%

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

SEGMENT DETAIL

INCOME

(In millions of dollars)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17
Income (Loss) from Continuing Operations:

Global Consumer Banking(1)
North America	$	614		$	657		$	642		$	77		$	838		NM		36	%
Latin America	135			141			169			165			183			11	%	36	%
Asia (2)	249			330			359			340			373			10	%	50	%
Total	998			1,128			1,170			582			1,394			NM		40	%

Institutional Clients Group (1)
North America	1,077			1,088			1,298			(1,108		)	857			NM		(20	)%
EMEA	862			786			753			431			1,113			NM		29	%
Latin America	482			341			388			333			491			47	%	2	%
Asia	590			565			623			557			868			56	%	47	%
Total	3,011			2,780			3,062			213			3,329			NM		11	%

Corporate / Other (1)	109			(25		)	(95		)	(19,560		)	(74		)	NM		NM

Income (Loss) From Continuing Operations	$	4,118		$	3,883		$	4,137		$	(18,765	)	$	4,649		NM		13	%

Discontinued Operations	(18		)	21			(5		)	(109		)	(7		)	94	%	61	%

Net Income Attributable to Noncontrolling Interests	10			32			(1		)	19			22			16	%	NM

Total Citigroup - Net Income (Loss)	$	4,090		$	3,872		$	4,133		$	(18,893	)	$	4,620		NM		13	%

Average Assets (in billions of dollars)
North America	$	963		$	982		$	993		$	1,006		$	971		(3	)%	1	%
EMEA (2)	318			335			329			334			363			9	%	14	%
Latin America	125			129			131			128			129			1	%	3	%
Asia (2)	322			328			337			340			348			2	%	8	%
Corporate / Other	103			95			102			102			93			(9	)%	(10	)%
Total	$	1,831		$	1,869		$	1,892		$	1,910		$	1,904		—		4	%

Return on Average Assets (ROA) on Net Income (Loss)
North America	0.71		%	0.71		%	0.78		%	(0.41		)%	0.71		%
EMEA (2)	1.08		%	0.93		%	0.89		%	0.50		%	1.23		%
Latin America	2.00		%	1.49		%	1.68		%	1.54		%	2.12		%
Asia (2)	1.06		%	1.09		%	1.15		%	1.04		%	1.44		%
Corporate/Other	0.38		%	(0.06		)%	(0.32		)%	(76.53		)%	(0.38		)%
Total	0.91		%	0.83		%	0.87		%	(3.93		)%	0.98		%

(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.

GLOBAL CONSUMER BANKING

Page 1

(In millions of dollars, except as otherwise noted)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017(1)			2018			4Q17		1Q17

Net Interest Revenue	$	6,579		$	6,760		$	7,071		$	7,015		$	6,980		—		6	%
Non-Interest Revenue	1,267			1,313			1,399			1,434			1,453			1	%	15	%
Total Revenues, Net of Interest Expense	7,846			8,073			8,470			8,449			8,433			—		7	%
Total Operating Expenses	4,451			4,537			4,452			4,563			4,681			3	%	5	%
Net Credit Losses	1,603			1,615			1,704			1,640			1,736			6	%	8	%
Credit Reserve Build / (Release)	177			125			486			177			144			(19	)%	(19	)%
Provision for Unfunded Lending Commitments	6			(1		)	(5		)	(2		)	(1		)	50	%	NM
Provision for Benefits and Claims	29			23			28			36			26			(28	)%	(10	)%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	1,815			1,762			2,213			1,851			1,905			3	%	5	%
Income from Continuing Operations before Taxes	1,580			1,774			1,805			2,035			1,847			(9	)%	17	%
Income Taxes (2)	582			646			635			1,453			453			(69	)%	(22	)%
Income from Continuing Operations	998			1,128			1,170			582			1,394			NM		40	%
Noncontrolling Interests	1			4			2			2			2			—		100	%
Net Income	$	997		$	1,124		$	1,168		$	580		$	1,392		NM		40	%
EOP Assets (in billions of dollars)	$	411		$	418		$	419		$	428		$	423		(1	)%	3	%
Average Assets (in billions of dollars)	$	410		$	414		$	421		$	423		$	423		—		3	%
Return on Average Assets (ROA)	0.99		%	1.09		%	1.10		%	0.54		%	1.33		%
Efficiency Ratio	57		%	56		%	53		%	54		%	56		%

Net Credit Losses as a % of Average Loans	2.24		%	2.20		%	2.26		%	2.15		%	2.30		%

Revenue by Business
Retail Banking	$	3,175		$	3,328		$	3,521		$	3,458		$	3,471		—		9	%
Cards (3)	4,671			4,745			4,949			4,991			4,962			(1	)%	6	%
Total	$	7,846		$	8,073		$	8,470		$	8,449		$	8,433		—		7	%

Net Credit Losses by Business
Retail Banking	$	236		$	244		$	300		$	243		$	232		(5	)%	(2	)%
Cards (3)	1,367			1,371			1,404			1,397			1,504			8	%	10	%
Total	$	1,603		$	1,615		$	1,704		$	1,640		$	1,736		6	%	8	%

Income from Continuing Operations by Business
Retail Banking	$	333		$	419		$	546		$	358		$	524		46	%	57	%
Cards (3)	665			709			624			224			870			NM		31	%
Total	$	998		$	1,128		$	1,170		$	582		$	1,394		NM		40	%

Foreign Currency (FX) Translation Impact:
Total Revenue - as Reported	$	7,846		$	8,073		$	8,470		$	8,449		$	8,433		—		7	%
Impact of FX Translation (4)	139			50			(11		)	69			—
Total Revenues - Ex-FX (4)	$	7,985		$	8,123		$	8,459		$	8,518		$	8,433		(1	)%	6	%

Total Operating Expenses - as Reported	$	4,451		$	4,537		$	4,452		$	4,563		$	4,681		3	%	5	%
Impact of FX Translation (4)	87			37			8			39			—
Total Operating Expenses - Ex-FX (4)	$	4,538		$	4,574		$	4,460		$	4,602		$	4,681		2	%	3	%

Total Provisions for LLR & PBC - as Reported	$	1,815		$	1,762		$	2,213		$	1,851		$	1,905		3	%	5	%
Impact of FX Translation (4)	27			4			(10		)	14			—
Total Provisions for LLR & PBC - Ex-FX (4)	$	1,842		$	1,766		$	2,203		$	1,865		$	1,905		2	%	3	%

Net Income - as Reported	$	997		$	1,124		$	1,168		$	580		$	1,392		NM		40	%
Impact of FX Translation (4)	18			7			(5		)	10			—
Net Income - Ex-FX (4)	$	1,015		$	1,131		$	1,163		$	590		$	1,392		NM		37	%

(1) See footnote 1 on page 1.

(2) Income taxes in the fourth quarter of 2017 includes $750 million related to Tax Reform and is reflected in North America Retail Banking ($105 million) and North America Cards ($645 million).

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

(4) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the first quarter of 2018 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.

GLOBAL CONSUMER BANKING

Page 2

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17

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

Branches (actual)	2,601			2,570			2,474			2,451			2,433			(1	)%	(6	)%
Accounts (in millions)	53.9			53.8			53.2			52.9			53.2			1	%	(1	)%
Average Deposits	$	302.6		$	307.2		$	308.1		$	306.5		$	308.9		1	%	2	%
Investment Sales	$	20.9		$	21.8		$	25.3		$	23.7		$	27.1		14	%	30	%
Investment Assets under Management (AUMs)	$	146.7		$	152.8		$	158.2		$	160.9		$	163.5		2	%	11	%
Average Loans	$	138.8		$	142.3		$	144.3		$	145.1		$	147.1		1	%	6	%
EOP Loans:
Mortgages	$	81.2		$	81.4		$	81.4		$	81.7		$	82.1		—		1	%
Commercial Banking	33.9			34.8			35.5			36.3			36.8			1	%	9	%
Personal and Other	26.3			27.2			27.3			27.9			28.5			2	%	8	%
EOP Loans	$	141.4		$	143.4		$	144.2		$	145.9		$	147.4		1	%	4	%

Total Net Interest Revenue (in millions) (1)	$	2,152		$	2,285		$	2,383		$	2,345		$	2,356		—		9	%
As a % of Average Loans	6.29		%	6.44		%	6.55		%	6.41		%	6.50		%

Net Credit Losses (in millions)	$	236		$	244		$	300		$	243		$	232		(5	)%	(2	)%
As a % of Average Loans	0.69		%	0.69		%	0.82		%	0.66		%	0.64		%
Loans 90+ Days Past Due (in millions) (2)	$	488		$	477		$	489		$	515		$	493		(4	)%	1	%
As a % of EOP Loans	0.35		%	0.33		%	0.34		%	0.35		%	0.34		%
Loans 30-89 Days Past Due (in millions) (2)	$	777		$	747		$	805		$	822		$	830		1	%	7	%
As a % of EOP Loans	0.55		%	0.52		%	0.56		%	0.57		%	0.57		%

Cards Key Indicators (in millions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	142.4			142.5			142.2			142.6			141.2			(1	)%	(1	)%
Purchase Sales (in billions)	$	112.2		$	125.3		$	124.9		$	136.3		$	121.7		(11	)%	8	%

Average Loans (in billions) (3)	$	150.8		$	151.5		$	155.4		$	158.2		$	159.2		1	%	6	%
EOP Loans (in billions) (3)	$	149.9		$	155.1		$	156.6		$	164.9		$	156.6		(5	)%	4	%
Average Yield (4)	12.69		%	12.78		%	12.87		%	12.70		%	12.98		%
Total Net Interest Revenue (5)	$	4,427		$	4,475		$	4,688		$	4,651		$	4,615		(1	)%	4	%
As a % of Average Loans (5)	11.91		%	11.85		%	11.97		%	11.66		%	11.76		%
Net Credit Losses	$	1,367		$	1,371		$	1,404		$	1,397		$	1,504		8	%	10	%
As a % of Average Loans	3.68		%	3.63		%	3.58		%	3.50		%	3.83		%
Net Credit Margin (6)	$	3,297		$	3,368		$	3,542		$	3,569		$	3,451		(3	)%	5	%
As a % of Average Loans (6)	8.87		%	8.92		%	9.04		%	8.95		%	8.79		%
Loans 90+ Days Past Due	$	1,753		$	1,706		$	1,790		$	1,963		$	1,886		(4	)%	8	%
As a % of EOP Loans	1.17		%	1.10		%	1.14		%	1.19		%	1.20		%
Loans 30-89 Days Past Due	$	1,739		$	1,751		$	1,958		$	1,940		$	1,880		(3	)%	8	%
As a % of EOP Loans	1.16		%	1.13		%	1.25		%	1.18		%	1.20		%

(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.

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 1

(In millions of dollars, except as otherwise noted)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017(1)			2018			4Q17		1Q17

Net Interest Revenue	$	4,617		$	4,632		$	4,825		$	4,805		$	4,750		(1	)%	3	%
Non-Interest Revenue	328			314			372			377			407			8	%	24	%
Total Revenues, Net of Interest Expense	4,945			4,946			5,197			5,182			5,157			—		4	%
Total Operating Expenses	2,597			2,598			2,482			2,568			2,645			3	%	2	%
Net Credit Losses	1,190			1,181			1,239			1,186			1,296			9	%	9	%
Credit Reserve Build / (Release)	152			101			463			153			123			(20	)%	(19	)%
Provision for Unfunded Lending Commitments	7			2			(3		)	(2		)	(4		)	(100	)%	NM
Provision for Benefits and Claims	6			8			9			10			6			(40	)%	—
Provisions for Loan Losses and for Benefits and Claims	1,355			1,292			1,708			1,347			1,421			5	%	5	%
Income from Continuing Operations before Taxes	993			1,056			1,007			1,267			1,091			(14	)%	10	%
Income Taxes (2)	379			399			365			1,190			253			(79	)%	(33	)%
Income from Continuing Operations	614			657			642			77			838			NM		36	%
Noncontrolling Interests	—			—			—			(1		)	—			100	%	—
Net Income	$	614		$	657		$	642		$	78		$	838		NM		36	%
Average Assets (in billions)	$	245		$	244		$	250		$	254		$	248		(2	)%	1	%
Return on Average Assets	1.02		%	1.08		%	1.02		%	0.12		%	1.37		%
Efficiency Ratio	53		%	53		%	48		%	50		%	51		%

Net Credit Losses as a % of Average Loans	2.63		%	2.58		%	2.63		%	2.48		%	2.77		%

Revenue by Business
Retail Banking	$	1,257		$	1,293		$	1,366		$	1,349		$	1,307		(3	)%	4	%
Citi-Branded Cards	2,096			2,079			2,178			2,225			2,232			—		6	%
Citi Retail Services	1,592			1,574			1,653			1,608			1,618			1	%	2	%
Total	$	4,945		$	4,946		$	5,197		$	5,182		$	5,157		—		4	%

Net Credit Losses by Business
Retail Banking	$	37		$	39		$	88		$	30		$	43		43	%	16	%
Citi-Branded Cards	633			611			611			592			651			10	%	3	%
Citi Retail Services	520			531			540			564			602			7	%	16	%
Total	$	1,190		$	1,181		$	1,239		$	1,186		$	1,296		9	%	9	%

Income from Continuing Operations by Business
Retail Banking	$	72		$	130		$	169		$	41		$	140		NM		94	%
Citi-Branded Cards	246			302			342			119			425			NM		73	%
Citi Retail Services	296			225			131			(83		)	273			NM		(8	)%
Total	$	614		$	657		$	642		$	77		$	838		NM		36	%

(1) See footnote 1 on page 1.

(2) Income taxes in the fourth quarter of 2017 includes $750 million related to Tax Reform and is reflected in Retail Banking ($105 million), Citi-Branded Cards ($320 million) and Citi Retail Services ($325 million).

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17

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

Branches (actual)	705			695			695			694			694			—		(2	)%
Accounts (in millions)	9.6			9.5			9.4			9.2			9.1			(1	)%	(5	)%
Average Deposits	$	184.6		$	185.1		$	184.1		$	182.7		$	180.9		(1	)%	(2	)%
Investment Sales	$	6.2		$	6.5		$	6.7		$	7.0		$	8.4		20	%	35	%
Investment AUMs	$	55.1		$	56.7		$	58.6		$	60.3		$	60.5		—		10	%

Average Loans	$	55.4		$	55.6		$	55.7		$	56.0		$	55.7		(1	)%	1	%

EOP Loans:
Mortgages	$	44.3		$	44.3		$	44.2		$	44.3		$	44.2		—		—
Commercial Banking	9.2			9.2			9.4			9.5			9.1			(4	)%	(1	)%
Personal and Other	2.0			2.1			2.1			2.2			2.1			(5	)%	5	%
Total EOP Loans	$	55.5		$	55.6		$	55.7		$	56.0		$	55.4		(1	)%	—

Mortgage Originations (1)	$	3.8		$	3.1		$	3.2		$	3.0		$	2.3		(23	)%	(39	)%

Third Party Mortgage Servicing Portfolio (EOP)	$	48.5		$	49.1		$	49.1		$	47.3		$	46.0		(3	)%	(5	)%

Net Servicing & Gain/(Loss) on Sale (in millions)	$	63.1		$	50.0		$	47.3		$	69.1		$	33.4		(52	)%	(47	)%

Saleable Mortgage Rate Locks	$	1.9		$	1.5		$	1.7		$	1.3		$	1.2		(8	)%	(37	)%

Net Interest Revenue on Loans (in millions)	$	251		$	248		$	253		$	235		$	232		(1	)%	(8	)%
As a % of Avg. Loans	1.84		%	1.79		%	1.80		%	1.66		%	1.69		%

Net Credit Losses (in millions)	$	37		$	39		$	88		$	30		$	43		43	%	16	%
As a % of Avg. Loans	0.27		%	0.28		%	0.63		%	0.21		%	0.31		%

Loans 90+ Days Past Due (in millions) (2)	$	182		$	155		$	167		$	199		$	184		(8	)%	1	%
As a % of EOP Loans	0.33		%	0.28		%	0.30		%	0.36		%	0.34		%
Loans 30-89 Days Past Due (in millions) (2)	$	189		$	191		$	270		$	306		$	227		(26	)%	20	%
As a % of EOP Loans	0.35		%	0.35		%	0.49		%	0.55		%	0.41		%

(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 $313 million and ($0.8 billion), $295 million and ($0.8 billion), $289 million and ($0.7 billion), $298 million and ($0.7 billion), and $272 million and ($0.9 billion) as of March 31, 2017, June 30, 2017, September 30, 2017, December 31, 2017 and March 31, 2018, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $84 million and ($0.8 billion), $84 million and ($0.8 billion), $79 million and ($0.7 billion), $88 million and ($0.7 billion), and $92 million and ($0.9 billion) as of March 31, 2017, June 30, 2017, September 30, 2017, December 31, 2017 and March 31, 2018, respectively.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts (in millions)	33.2			33.6			33.9			34.2			33.9			(1	)%	2	%
Purchase Sales (in billions)	$	72.5		$	80.5		$	80.4		$	86.3		$	78.6		(9	)%	8	%

Average Loans (in billions) (1)	$	82.6		$	83.3		$	85.4		$	86.8		$	86.9		—		5	%

EOP Loans (in billions) (1)	$	82.2		$	85.6		$	86.3		$	90.5		$	85.7		(5	)%	4	%

Average Yield (2)	9.60		%	9.61		%	9.70		%	9.63		%	9.79		%
Total Net Interest Revenue (3)	$	1,785		$	1,788		$	1,849		$	1,854		$	1,800		(3	)%	1	%
As a % of Avg. Loans (3)	8.76		%	8.61		%	8.59		%	8.47		%	8.40		%
Net Credit Losses	$	633		$	611		$	611		$	592		$	651		10	%	3	%
As a % of Average Loans	3.11		%	2.94		%	2.84		%	2.71		%	3.04		%
Net Credit Margin (4)	$	1,461		$	1,466		$	1,564		$	1,610		$	1,573		(2	)%	8	%
As a % of Avg. Loans (4)	7.17		%	7.06		%	7.27		%	7.36		%	7.34		%
Loans 90+ Days Past Due	$	698		$	659		$	668		$	768		$	731		(5	)%	5	%
As a % of EOP Loans	0.85		%	0.77		%	0.77		%	0.85		%	0.85		%
Loans 30-89 Days Past Due	$	632		$	619		$	705		$	698		$	669		(4	)%	6	%
As a % of EOP Loans	0.77		%	0.72		%	0.82		%	0.77		%	0.78		%

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

Total Revenues, Net of Interest Expense	$	2,057		$	2,043		$	2,139		$	2,186		$	2,071		(5	)%	1	%
Purchase Sales (in billions)	$	71.0		$	78.9		$	78.9		$	84.8		$	78.3		(8	)%	10	%
Average Loans (in billions) (1)	$	81.4		$	82.1		$	84.2		$	86.4		$	86.9		1	%	7	%
EOP Loans (in billions) (1)	$	81.0		$	84.4		$	85.1		$	90.5		$	85.7		(5	)%	6	%

Average Yield (2)	9.59		%	9.60		%	9.69		%	9.62		%	9.79		%
Total Net Interest Revenue (3)	1,758			1,761			1,821			1,845			1,800			(2	)%	2	%
As a % of Avg. Loans (3)	8.76		%	8.60		%	8.58		%	8.47		%	8.40		%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	86.8			86.5			86.0			86.4			85.4			(1	)%	(2	)%
Purchase Sales (in billions)	$	16.9		$	20.6		$	20.0		$	23.6		$	17.4		(26	)%	3	%

Average Loans (in billions) (1)	$	45.3		$	44.5		$	45.6		$	46.9		$	47.1		—		4	%

EOP Loans (in billions) (1)	$	44.2		$	45.2		$	45.9		$	49.2		$	46.0		(7	)%	4	%

Average Yield (2)	17.14		%	17.38		%	17.51		%	17.06		%	17.68		%
Total Net Interest Revenue (3)	$	1,908		$	1,897		$	1,986		$	1,954		$	1,973		1	%	3	%
As a % of Avg. Loans (3)	17.08		%	17.10		%	17.28		%	16.53		%	16.99		%
Net Credit Losses	$	520		$	531		$	540		$	564		$	602		7	%	16	%
As a % of Average Loans	4.66		%	4.79		%	4.70		%	4.77		%	5.18		%
Net Credit Margin (4)	$	1,067		$	1,037		$	1,108		$	1,038		$	1,012		(3	)%	(5	)%
As a % of Avg. Loans (4)	9.55		%	9.35		%	9.64		%	8.78		%	8.71		%
Loans 90+ Days Past Due	$	735		$	693		$	772		$	845		$	797		(6	)%	8	%
As a % of EOP Loans	1.66		%	1.53		%	1.68		%	1.72		%	1.73		%
Loans 30-89 Days Past Due	$	730		$	730		$	836		$	830		$	791		(5	)%	8	%
As a % of EOP Loans	1.65		%	1.62		%	1.82		%	1.69		%	1.72		%

(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 closed 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.

GLOBAL CONSUMER BANKING

LATIN AMERICA (1) - PAGE 1

(In millions of dollars, except as otherwise noted)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17

Net Interest Revenue	$	848		$	967		$	1,038		$	991		$	997		1	%	18	%
Non-Interest Revenue	319			341			350			368			350			(5	)%	10	%
Total Revenues, Net of Interest Expense	1,167			1,308			1,388			1,359			1,347			(1	)%	15	%
Total Operating Expenses	667			745			779			768			759			(1	)%	14	%
Net Credit Losses	253			277			295			292			278			(5	)%	10	%
Credit Reserve Build / (Release)	12			50			44			19			42			NM		NM
Provision for Unfunded Lending Commitments	—			(1		)	(1		)	1			1			—		100	%
Provision for Benefits and Claims	23			15			19			26			20			(23	)%	(13	)%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	288			341			357			338			341			1	%	18	%
Income from Continuing Operations before Taxes	212			222			252			253			247			(2	)%	17	%
Income Taxes	77			81			83			88			64			(27	)%	(17	)%
Income from Continuing Operations	135			141			169			165			183			11	%	36	%
Noncontrolling Interests	1			2			1			1			—			(100	)%	(100	)%
Net Income	$	134		$	139		$	168		$	164		$	183		12	%	37	%
Average Assets (in billions of dollars)	$	42		$	45		$	47		$	44		$	44		—		5	%
Return on Average Assets	1.29		%	1.24		%	1.42		%	1.48		%	1.69		%
Efficiency Ratio	57		%	57		%	56		%	57		%	56		%

Net Credit Losses as a % of Average Loans	4.44		%	4.36		%	4.37		%	4.51		%	4.29		%

Revenue by Business
Retail Banking	$	850		$	939		$	992		$	971		$	966		(1	)%	14	%
Citi-Branded Cards	317			369			396			388			381			(2	)%	20	%
Total	$	1,167		$	1,308		$	1,388		$	1,359		$	1,347		(1	)%	15	%

Net Credit Losses by Business
Retail Banking	$	137		$	151		$	143		$	153		$	132		(14	)%	(4	)%
Citi-Branded Cards	116			126			152			139			146			5	%	26	%
Total	$	253		$	277		$	295		$	292		$	278		(5	)%	10	%

Income from Continuing Operations by Business
Retail Banking	$	90		$	91		$	129		$	116		$	138		19	%	53	%
Citi-Branded Cards	45			50			40			49			45			(8	)%	—
Total	$	135		$	141		$	169		$	165		$	183		11	%	36	%

FX Translation Impact:
Total Revenue - as Reported	$	1,167		$	1,308		$	1,388		$	1,359		$	1,347		(1	)%	15	%
Impact of FX Translation (2)	75			(1		)	(46		)	42			—
Total Revenues - Ex-FX (2)	$	1,242		$	1,307		$	1,342		$	1,401		$	1,347		(4	)%	8	%

Total Operating Expenses - as Reported	$	667		$	745		$	779		$	768		$	759		(1	)%	14	%
Impact of FX Translation (2)	37			—			(21		)	20			—
Total Operating Expenses - Ex-FX (2)	$	704		$	745		$	758		$	788		$	759		(4	)%	8	%

Provisions for LLR & PBC - as Reported	$	288		$	341		$	357		$	338		$	341		1	%	18	%
Impact of FX Translation (2)	20			—			(12		)	11			—
Provisions for LLR & PBC - Ex-FX (2)	$	308		$	341		$	345		$	349		$	341		(2	)%	11	%

Net Income - as Reported	$	134		$	139		$	168		$	164		$	183		12	%	37	%
Impact of FX Translation (2)	13			(1		)	(8		)	7			—
Net Income - Ex-FX (2)	$	147		$	138		$	160		$	171		$	183		7	%	24	%

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

(2) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the first quarter of 2018 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.

GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 2

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	1,499			1,496			1,497			1,479			1,462			(1	)%	(2	)%
Accounts (in millions)	27.9			28.0			27.6			27.7			28.2			2	%	1	%
Average Deposits	$	25.3		$	27.8		$	28.8		$	27.8		$	28.9		4	%	14	%
Investment Sales	$	5.5		$	5.7		$	6.8		$	6.0		$	6.2		3	%	13	%
Investment AUMs	$	32.5		$	34.1		$	34.8		$	32.1		$	34.0		6	%	5	%
Average Loans	$	18.3		$	20.2		$	21.2		$	20.3		$	20.7		2	%	13	%
EOP Loans:
Mortgages	$	4.4		$	4.6		$	4.6		$	4.1		$	4.5		10	%	2	%
Commercial Banking	9.2			9.9			10.3			10.0			10.5			5	%	14	%
Personal and Other	6.1			6.5			6.1			5.8			6.2			7	%	2	%
Total EOP Loans	$	19.7		$	21.0		$	21.0		$	19.9		$	21.2		7	%	8	%

Total Net Interest Revenue (in millions) (1)	$	587		$	669		$	703		$	672		$	680		1	%	16	%
As a % of Average Loans (1)	13.01		%	13.28		%	13.16		%	13.13		%	13.32		%
Net Credit Losses (in millions)	$	137		$	151		$	143		$	153		$	132		(14	)%	(4	)%
As a % of Average Loans	3.04		%	3.00		%	2.68		%	2.99		%	2.59		%
Loans 90+ Days Past Due (in millions)	$	141		$	150		$	151		$	130		$	128		(2	)%	(9	)%
As a % of EOP Loans	0.72		%	0.71		%	0.72		%	0.65		%	0.60		%
Loans 30-89 Days Past Due (in millions)	$	246		$	216		$	244		$	195		$	248		27	%	1	%
As a % of EOP Loans	1.25		%	1.03		%	1.16		%	0.98		%	1.17		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	5.7			5.7			5.7			5.6			5.7			2	%	—
Purchase Sales (in billions)	$	3.6		$	4.1		$	4.2		$	4.5		$	4.2		(7	)%	17	%
Average Loans (in billions) (2)	$	4.8		$	5.3		$	5.6		$	5.4		$	5.6		4	%	17	%
EOP Loans (in billions) (2)	$	5.2		$	5.5		$	5.6		$	5.4		$	5.7		6	%	10	%
Average Yield (3)	23.36		%	23.81		%	24.01		%	24.18		%	24.12		%	—		3	%

Total Net Interest Revenue (in millions) (4)	$	261		$	298		$	335		$	319		$	317		(1	)%	21	%
As a % of Average Loans (4)	22.05		%	22.55		%	23.73		%	23.44		%	22.96		%
Net Credit Losses (in millions)	$	116		$	126		$	152		$	139		$	146		5	%	26	%
As a % of Average Loans	9.80		%	9.54		%	10.77		%	10.21		%	10.57		%
Net Credit Margin (in millions) (5)	$	201		$	245		$	249		$	253		$	240		(5	)%	19	%
As a % of Average Loans (5)	16.98		%	18.54		%	17.64		%	18.59		%	17.38		%
Loans 90+ Days Past Due (in millions)	$	137		$	161		$	159		$	151		$	160		6	%	17	%
As a % of EOP Loans	2.63		%	2.93		%	2.84		%	2.80		%	2.81		%
Loans 30-89 Days Past Due (in millions)	$	145		$	151		$	163		$	153		$	160		5	%	10	%
As a % of EOP Loans	2.79		%	2.75		%	2.91		%	2.83		%	2.81		%

(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.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 1

(In millions of dollars, except as otherwise noted)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17

Net Interest Revenue	$	1,114		$	1,161		$	1,208		$	1,219		$	1,233		1	%	11	%
Non-Interest Revenue	620			658			677			689			696			1	%	12	%
Total Revenues, Net of Interest Expense	1,734			1,819			1,885			1,908			1,929			1	%	11	%
Total Operating Expenses	1,187			1,194			1,191			1,227			1,277			4	%	8	%
Net Credit Losses	160			157			170			162			162			—		1	%
Credit Reserve Build / (Release)	13			(26		)	(21		)	5			(21		)	NM		NM
Provision for Unfunded Lending Commitments	(1		)	(2		)	(1		)	(1		)	2			NM		NM
Provision for Benefits and Claims	—			—			—			—			—			—		—
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	172			129			148			166			143			(14	)%	(17	)%
Income from Continuing Operations before Taxes	375			496			546			515			509			(1	)%	36	%
Income Taxes	126			166			187			175			136			(22	)%	8	%
Income from Continuing Operations	249			330			359			340			373			10	%	50	%
Noncontrolling Interests	—			2			1			2			2			—		NM
Net Income	$	249		$	328		$	358		$	338		$	371		10	%	49	%
Average Assets (in billions)	$	123		$	125		$	124		$	125		$	131		5	%	7	%
Return on Average Assets	0.82		%	1.05		%	1.15		%	1.07		%	1.15		%
Efficiency Ratio	68		%	66		%	63		%	64		%	66		%

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

Revenue by Business
Retail Banking	$	1,068		$	1,096		$	1,163		$	1,138		$	1,198		5	%	12	%
Citi-Branded Cards	666			723			722			770			731			(5	)%	10	%
Total	$	1,734		$	1,819		$	1,885		$	1,908		$	1,929		1	%	11	%

Net Credit Losses by Business
Retail Banking	$	62		$	54		$	69		$	60		$	57		(5	)%	(8	)%
Citi-Branded Cards	98			103			101			102			105			3	%	7	%
Total	$	160		$	157		$	170		$	162		$	162		—		1	%

Income from Continuing Operations by Business
Retail Banking	$	171		$	198		$	248		$	201		$	246		22	%	44	%
Citi-Branded Cards	78			132			111			139			127			(9	)%	63	%
Total	$	249		$	330		$	359		$	340		$	373		10	%	50	%

FX Translation Impact:
Total Revenue - as Reported	$	1,734		$	1,819		$	1,885		$	1,908		$	1,929		1	%	11	%
Impact of FX Translation (2)	64			51			35			27			—
Total Revenues - Ex-FX (2)	$	1,798		$	1,870		$	1,920		$	1,935		$	1,929		—		7	%

Total Operating Expenses - as Reported	$	1,187		$	1,194		$	1,191		$	1,227		$	1,277		4	%	8	%
Impact of FX Translation (2)	50			37			29			19			—
Total Operating Expenses - Ex-FX (2)	$	1,237		$	1,231		$	1,220		$	1,246		$	1,277		2	%	3	%

Provisions for LLR & PBC - as Reported	$	172		$	129		$	148		$	166		$	143		(14	)%	(17	)%
Impact of FX Translation (2)	7			4			2			3			—
Provisions for LLR & PBC - Ex-FX (2)	$	179		$	133		$	150		$	169		$	143		(15	)%	(20	)%

Net Income - as Reported	$	249		$	328		$	358		$	338		$	371		10	%	49	%
Impact of FX Translation (2)	5			8			3			3			—
Net Income - Ex-FX (2)	$	254		$	336		$	361		$	341		$	371		9	%	46	%

(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 first quarter of 2018 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.

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 2

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	397			379			282			278			277			—		(30	)%
Accounts (in millions)	16.4			16.3			16.2			16.0			15.9			(1	)%	(3	)%
Average Deposits	$	92.7		$	94.3		$	95.2		$	96.0		$	99.1		3	%	7	%
Investment Sales	$	9.2		$	9.6		$	11.8		$	10.7		$	12.5		17	%	36	%
Investment AUMs	$	59.1		$	62.0		$	64.8		$	68.5		$	69.0		1	%	17	%
Average Loans	$	65.1		$	66.5		$	67.4		$	68.8		$	70.7		3	%	9	%
EOP Loans:
Mortgages	$	32.5		$	32.5		$	32.6		$	33.3		$	33.4		—		3	%
Commercial Banking	15.5			15.7			15.8			16.8			17.2			2	%	11	%
Personal and Other	18.2			18.6			19.1			19.9			20.2			2	%	11	%
Total EOP Loans	$	66.2		$	66.8		$	67.5		$	70.0		$	70.8		1	%	7	%

Total Net Interest Revenue (in millions) (2)	$	641		$	669		$	690		$	695		$	708		2	%	10	%
As a % of Average Loans (2)	3.99		%	4.04		%	4.06		%	4.01		%	4.06		%
Net Credit Losses (in millions)	$	62		$	54		$	69		$	60		$	57		(5	)%	(8	)%
As a % of Average Loans	0.39		%	0.33		%	0.41		%	0.35		%	0.33		%
Loans 90+ Days Past Due (in millions)	$	165		$	172		$	171		$	186		$	181		(3	)%	10	%
As a % of EOP Loans	0.25		%	0.26		%	0.25		%	0.27		%	0.26		%
Loans 30-89 Days Past Due (in millions)	$	342		$	340		$	291		$	321		$	355		11	%	4	%
As a % of EOP Loans	0.52		%	0.51		%	0.43		%	0.46		%	0.50		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	16.7			16.7			16.6			16.4			16.2			(1	)%	(3	)%
Purchase Sales (in billions)	$	19.2		$	20.1		$	20.3		$	21.9		$	21.5		(2	)%	12	%
Average Loans (in billions) (3)	$	18.1		$	18.4		$	18.8		$	19.1		$	19.6		3	%	8	%
EOP Loans (in billions) (3)	$	18.3		$	18.8		$	18.8		$	19.8		$	19.2		(3	)%	5	%
Average Yield (4)	12.87		%	12.84		%	12.71		%	12.67		%	12.65		%	—		(2	)%

Total Net Interest Revenue (in millions) (5)	$	473		$	492		$	518		$	524		$	525		—		11	%
As a % of Average Loans (6)	10.60		%	10.73		%	10.93		%	10.88		%	10.86		%
Net Credit Losses (in millions)	$	98		$	103		$	101		$	102		$	105		3	%	7	%
As a % of Average Loans	2.20		%	2.25		%	2.13		%	2.12		%	2.17		%
Net Credit Margin (in millions) (6)	$	568		$	620		$	621		$	668		$	626		(6	)%	10	%
As a % of Average Loans (6)	12.73		%	13.52		%	13.11		%	13.88		%	12.95		%
Loans 90+ Days Past Due	$	183		$	193		$	191		$	199		$	198		(1	)%	8	%
As a % of EOP Loans	1.00		%	1.03		%	1.02		%	1.01		%	1.03		%
Loans 30-89 Days Past Due	$	232		$	251		$	254		$	259		$	260		—		12	%
As a % of EOP Loans	1.27		%	1.34		%	1.35		%	1.31		%	1.35		%

(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.

INSTITUTIONAL CLIENTS GROUP

(In millions of dollars, except as otherwise noted)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017(1)			2018			4Q17		1Q17

Commissions and Fees	$	1,024		$	1,106		$	1,100		$	1,088		$	1,213		11	%	18	%
Administration and Other Fiduciary Fees	635			674			688			671			694			3	%	9	%
Investment Banking	1,110			1,243			1,163			1,145			985			(14	)%	(11	)%
Principal Transactions	2,731			2,151			1,827			1,303			2,884			NM		6	%
Other(2)	1			246			704			228			418			83	%	NM
Total Non-Interest Revenue	5,501			5,420			5,482			4,435			6,194			40	%	13	%
Net Interest Revenue (including Dividends)	3,818			4,001			3,948			3,869			3,654			(6	)%	(4	)%
Total Revenues, Net of Interest Expense	9,319			9,421			9,430			8,304			9,848			19	%	6	%
Total Operating Expenses	5,138			5,227			5,138			4,912			5,503			12	%	7	%
Net Credit Losses	25			71			44			225			105			(53	)%	NM
Credit Reserve Build / (Release)	(176		)	(15		)	(38		)	8			(175		)	NM		1	%
Provision for Unfunded Lending Commitments	(54		)	31			(170		)	34			29			(15	)%	NM
Provision for Benefits and Claims	—			—			—			—			—			—		—
Provisions for Credit Losses and for Benefits and Claims	(205		)	87			(164		)	267			(41		)	NM		80	%
Income from Continuing Operations before Taxes	4,386			4,107			4,456			3,125			4,386			40	%	—
Income Taxes (3)	1,375			1,327			1,394			2,912			1,057			(64	)%	(23	)%
Income from Continuing Operations	3,011			2,780			3,062			213			3,329			NM		11	%
Noncontrolling Interests	15			18			14			10			15			50	%	—
Net Income	$	2,996		$	2,762		$	3,048		$	203		$	3,314		NM		11	%
EOP Assets (in billions)	$	1,314		$	1,353		$	1,370		$	1,336		$	1,407		5	%	7	%
Average Assets (in billions)	$	1,318		$	1,360		$	1,369		$	1,385		$	1,388		—		5	%
Return on Average Assets (ROA)	0.92		%	0.81		%	0.88		%	0.06		%	0.97		%
Efficiency Ratio	55		%	55		%	54		%	59		%	56		%

Revenue by Region
North America	$	3,522		$	3,646		$	3,709		$	3,046		$	3,265		7	%	(7	)%
EMEA	2,854			2,881			2,703			2,441			3,167			30	%	11	%
Latin America	1,169			1,086			1,099			1,031			1,210			17	%	4	%
Asia	1,774			1,808			1,919			1,786			2,206			24	%	24	%
Total Revenues, net of Interest Expense	$	9,319		$	9,421		$	9,430		$	8,304		$	9,848		19	%	6	%

Income (loss) from Continuing Operations by Region
North America	$	1,077		$	1,088		$	1,298		$	(1,108	)	$	857		NM		(20	)%
EMEA	862			786			753			431			1,113			NM		29	%
Latin America	482			341			388			333			491			47	%	2	%
Asia	590			565			623			557			868			56	%	47	%
Income from Continuing Operations	$	3,011		$	2,780		$	3,062		$	213		$	3,329		NM		11	%

Average Loans by Region (in billions)
North America	$	146		$	150		$	152		$	157		$	160		2	%	10	%
EMEA	65			67			71			73			78			7	%	20	%
Latin America	34			35			34			33			34			3	%	—
Asia	57			61			64			65			67			3	%	18	%
Total	$	302		$	313		$	321		$	328		$	339		3	%	12	%

EOP Deposits by Region (in billions)
North America	$	287		$	280		$	290		$	296		$	295		—		3	%
EMEA	161			170			172			174			189			9	%	18	%
Latin America	28			27			26			25			26			3	%	(5	)%
Asia	144			147			152			145			156			8	%	8	%
Total	$	620		$	624		$	640		$	640		$	666		4	%	8	%

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	417		$	421		$	428		$	432		$	449		4	%	8	%
All Other ICG Businesses	203			203			212			208			217			4	%	7	%
Total	$	620		$	624		$	640		$	640		$	666		4	%	8	%

(1) See footnote 1 on page 1.

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

(3) Income taxes in the fourth quarter of 2017 includes $2.0 billion related to Tax Reform.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

INSTITUTIONAL CLIENTS GROUP

REVENUES BY BUSINESS

(In millions of dollars, except as otherwise noted)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17

Revenue Details:
Investment Banking:
Advisory	$	249		$	318		$	240		$	316		$	215		(32	)%	(14	)%
Equity Underwriting	250			309			311			251			216			(14	)%	(14	)%
Debt Underwriting	763			908			729			726			699			(4	)%	(8	)%
Total Investment Banking	1,262			1,535			1,280			1,293			1,130			(13	)%	(10	)%
Treasury and Trade Solutions	2,108			2,106			2,185			2,236			2,268			1	%	8	%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	438			481			506			513			521			2	%	19	%
Private Bank	749			793			790			776			904			16	%	21	%
Total Banking Revenues (Ex-Gain/(Loss) on Loan Hedges) (1)	$	4,557		$	4,915		$	4,761		$	4,818		$	4,823		—		6	%

Corporate Lending - Gain/(Loss) on Loan Hedges (1)	(115		)	9			(48		)	21			23			10	%	NM
Total Banking Revenues including G(L) on Loan Hedges (1)	$	4,442		$	4,924		$	4,713		$	4,839		$	4,846		—		9	%

Fixed Income Markets	$	3,678		$	3,274		$	2,936		$	2,463		$	3,418		39	%	(7	)%
Equity Markets	802			725			785			567			1,103			95	%	38	%
Securities Services	552			594			608			612			641			5	%	16	%
Other (2)	(155		)	(96		)	388			(177		)	(160		)	10	%	(3	)%
Total Markets and Securities Services	$	4,877		$	4,497		$	4,717		$	3,465		$	5,002		44	%	3	%

Total Revenues, net of Interest Expense	$	9,319		$	9,421		$	9,430		$	8,304		$	9,848		19	%	6	%

Taxable-equivalent adjustments (3)	$	189		$	177		$	176		$	174		$	96		(45	)%	(49	)%

Total ICG Revenues including taxable-equivalent adjustments (3)	$	9,508		$	9,598		$	9,606		$	8,478		$	9,944		17	%	5	%

Commissions and Fees	$	142		$	158		$	171		$	170		$	176		4	%	24	%
Principal Transactions (4)	2,360			1,935			1,592			1,108			2,184			97	%	(7	)%
Other	151			183			130			132			276			NM		83	%
Total Non-Interest Revenue	$	2,653		$	2,276		$	1,893		$	1,410		$	2,636		87	%	(1	)%
Net Interest Revenue	1,025			998			1,043			1,053			782			(26	)%	(24	)%
Total Fixed Income Markets	$	3,678		$	3,274		$	2,936		$	2,463		$	3,418		39	%	(7	)%

Rates and Currencies	$	2,530		$	2,254		$	2,189		$	1,912		$	2,470		29	%	(2	)%
Spread Products / Other Fixed Income	1,148			1,020			747			551			948			72	%	(17	)%
Total Fixed Income Markets	$	3,678		$	3,274		$	2,936		$	2,463		$	3,418		39	%	(7	)%

Commissions and Fees	$	326		$	323		$	309		$	313		$	361		15	%	11	%
Principal Transactions (4)	189			(1		)	211			79			537			NM		NM
Other	9			(6		)	(5		)	9			80			NM		NM
Total Non-Interest Revenue	$	524		$	316		$	515		$	401		$	978		NM		87	%
Net Interest Revenue	278			409			270			166			125			(25	)%	(55	)%
Total Equity Markets	$	802		$	725		$	785		$	567		$	1,103		95	%	38	%

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

(4) 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.

CORPORATE / OTHER (1)

(In millions of dollars, except as otherwise noted)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017(2)			2018			4Q17		1Q17

Net Interest Revenue	$	558		$	497		$	516		$	429		$	538		25	%	(4	)%
Non-interest revenue	643			164			3			322			53			(84	)%	(92	)%
Total Revenues, Net of Interest Expense	1,201			661			519			751			591			(21	)%	(51	)%
Total Operating Expenses	1,134			996			827			857			741			(14	)%	(35	)%
Net Credit Losses	81			24			29			15			26			73	%	(68	)%
Credit Reserve Build / (Release)	(35		)	(154		)	(79		)	(49		)	(33		)	33	%	6	%
Provision for Benefits and Claims	1			—			—			(8		)	—			100	%	(100	)%
Provision for Unfunded Lending Commitments	5			(2		)	—			(3		)	—			100	%	(100	)%
Total provisions for credit losses and for benefits and claims	52			(132		)	(50		)	(45		)	(7		)	84	%	NM
Income from Continuing Operations before Taxes	15			(203		)	(258		)	(61		)	(143		)	NM		NM
Income Taxes (Benefits) (3)	(94		)	(178		)	(163		)	19,499			(69		)	(100	)%	27	%
Income (Loss) from Continuing Operations	109			(25		)	(95		)	(19,560		)	(74		)	NM		NM
Income (Loss) from Discontinued Operations, net of taxes	(18		)	21			(5		)	(109		)	(7		)	94	%	61	%
Noncontrolling Interests	(6		)	10			(17		)	7			5			(29	)%	NM
Net Income (Loss)	$	97		$	(14	)	$	(83	)	$	(19,676	)	$	(86	)	NM		NM
EOP Assets (in billions of dollars)	$	96		$	93		$	100		$	78		$	92		18	%	(4	)%
Average Assets (in billions of dollars)	$	103		$	95		$	102		$	102		$	93		(9	)%	(10	)%
Return on Average Assets	0.38		%	(0.06		)%	(0.32		)%	(76.53		)%	(0.38		)%
Efficiency Ratio	94		%	151		%	159		%	114		%	125		%

Corporate/Other Consumer Key Indicators:

Consumer - International (4)

Branches (actual)	50			49			49			49			48			(2	)%	(4	)%
Average Loans (in billions)	$	2.1		$	1.9		$	1.9		$	1.7		$	1.7		—		(19	)%
EOP Loans (in billions)	$	2.1		$	1.8		$	1.7		$	1.6		$	1.7		6	%	(19	)%
Net Interest Revenue	$	76		$	80		$	63		$	74		$	88		19	%	16	%
As a % of Average Loans	14.68		%	16.89		%	13.16		%	17.27		%	20.99		%
Net Credit Losses	$	26		$	24		$	25		$	7		$	23		NM		(12	)%
As a % of Average Loans	5.02		%	5.07		%	5.22		%	1.63		%	5.49		%
Loans 90+ Days Past Due	$	77		$	63		$	57		$	43		$	32		(26	)%	(58	)%
As a % of EOP Loans	3.67		%	3.50		%	3.35		%	2.69		%	1.88		%
Loans 30-89 Days Past Due	$	60		$	44		$	47		$	40		$	44		10	%	(27	)%
As a % of EOP Loans	2.86		%	2.44		%	2.76		%	2.50		%	2.59		%

Consumer - North America

Branches (actual)	27			—			—			—			—			—		(100	)%
Average Loans (in billions of dollars)	$	29.6		$	25.9		$	23.9		$	21.9		$	20.6		(6	)%	(30	)%
EOP Loans (in billions of dollars)	$	27.2		$	24.9		$	23.0		$	21.2		$	19.3		(9	)%	(29	)%
Net Interest Revenue	$	204		$	110		$	168		$	174		$	169		(3	)%	(17	)%
As a % of Average Loans	2.80		%	1.70		%	2.79		%	3.15		%	3.33		%
Net Credit Losses	$	43		$	(6	)	$	27		$	10		$	12		20	%	(72	)%
As a % of Average Loans	0.59		%	(0.09		)%	0.45		%	0.18		%	0.24		%
Loans 90+ Days Past Due (3)	$	607		$	538		$	548		$	514		$	446		(13	)%	(27	)%
As a % of EOP Loans	2.35		%	2.28		%	2.51		%	2.56		%	2.42		%
Loans 30-89 Days Past Due (3)	$	555		$	510		$	596		$	502		$	349		(30	)%	(37	)%
As a % of EOP Loans	2.15		%	2.16		%	2.73		%	2.50		%	1.90		%

(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) Income taxes in the fourth quarter of 2017 includes $19.8 billion related to Tax Reform.

(4) See footnote 2 on page 18.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

CORPORATE / OTHER

CONSUMER KEY INDICATORS - Continued

(In millions of dollars, except as otherwise noted)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17

North America Mortgages

Residential First	$	12.3		$	11.4		$	10.2		$	9.4		$	9.0		(4	)%	(27	)%
Home Equity	14.7			12.9			11.9			11.1			10.3			(7	)%	(30	)%
Average Loans (in billions of dollars)	$	27.0		$	24.3		$	22.1		$	20.5		$	19.3		(6	)%	(29	)%

Residential First	$	12.3		$	11.0		$	10.1		$	9.3		$	8.1		(13	)%	(34	)%
Home Equity	13.4			12.4			11.5			10.6			9.9			(7	)%	(26	)%
EOP Loans (in billions of dollars)	$	25.7		$	23.4		$	21.6		$	19.9		$	18.0		(10	)%	(30	)%

Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	15.9		$	14.9		$	12.6		$	12.1		$	11.6		(4	)%	(27	)%
Net Servicing & Gain/(Loss) on Sale (1)	$	(265.4	)	$	29.5		$	20.8		$	23.5		$	8.5		(64	)%	NM
Net Interest Revenue	$	103		$	60		$	77		$	78		$	88		13	%	(15	)%
As a % of Avg. Loans	1.55		%	0.99		%	1.38		%	1.51		%	1.85		%

Residential First	$	7		$	(26	)	$	1		$	(1	)	$	3		NM		(57	)%
Home Equity	10			14			23			8			7			(13	)%	(30	)%
Net Credit Losses (NCLs)	$	17		$	(12	)	$	24		$	7		$	10		43	%	(41	)%
As a % of Avg. Loans	0.26		%	(0.20		)%	0.43		%	0.14		%	0.21		%

Residential First	$	212		$	175		$	194		$	173		$	142		(18	)%	(33	)%
Home Equity	385			356			346			334			298			(11	)%	(23	)%
Loans 90+ Days Past Due (2) (3)	$	597		$	531		$	540		$	507		$	440		(13	)%	(26	)%
As a % of EOP Loans	2.46		%	2.40		%	2.65		%	2.70		%	2.57		%

Residential First	$	314		$	290		$	365		$	284		$	184		(35	)%	(41	)%
Home Equity	214			197			209			195			148			(24	)%	(31	)%
Loans 30-89 Days Past Due (2) (3)	$	528		$	487		$	574		$	479		$	332		(31	)%	(37	)%
As a % of EOP Loans	2.17		%	2.20		%	2.81		%	2.55		%	1.94		%

(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 $0.8 billion and ($1.4 billion), $0.7 billion and ($1.3 billion), $0.7 billion and ($1.2 billion), $0.6 billion and ($1.1 billion), and $0.5 billion and ($0.9 billion), as of March 31, 2017, June 30, 2017, September 30, 2017, December 31, 2017 and March 31, 2018, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.1 billion and ($1.4 billion), $0.2 billion and ($1.3 billion), $0.1 billion and ($1.2 billion),$0.1 billion and ($1.1 billion), and $0.1 billion and ($0.9 billion), as of March 31, 2017, June 30, 2017, September 30, 2017, December 31, 2017 and March 31, 2018, respectively.

(3) The March 31, 2017, June 30, 2017, September 30, 2017, December 31, 2017 and March 31, 2018 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $7 million, $6 million, $6 million, $4 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.

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

Taxable Equivalent Basis

	Average Volumes						Interest						% Average Rate (4)
	First		Fourth		First		First		Fourth		First		First		Fourth		First
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2017		2017		2018		2017		2017		2018		2017		2017		2018
Assets:
Deposits with Banks	$	154,765	$	179,810	$	170,867	$	295	$	479	$	432	0.77	%	1.06	%	1.03	%
Fed Funds Sold and Resale Agreements (6)	247,035		249,904		254,277		661		901		1,039		1.09	%	1.43	%	1.66	%
Trading Account Assets (7)	195,851		211,685		216,161		1,307		1,345		1,381		2.71	%	2.52	%	2.59	%
Investments	347,355		353,050		352,245		2,019		2,248		2,271		2.36	%	2.53	%	2.61	%
Total Loans (net of Unearned Income) (8)	623,338		653,951		667,925		10,068		10,688		10,909		6.55	%	6.48	%	6.62	%
Other Interest-Earning Assets	56,733		63,996		66,761		294		317		364		2.10	%	1.97	%	2.21	%
Total Average Interest-Earning Assets	$	1,625,077	$	1,712,396	$	1,728,236	$	14,644	$	15,978	$	16,396	3.65	%	3.70	%	3.85	%

Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	731,037	$	760,134	$	769,771	$	1,110	$	1,481	$	1,621	0.62	%	0.77	%	0.85	%
Deposit Insurance and FDIC Assessment	—		—		—		305		313		376
Total Deposits	731,037		760,134		769,771		1,415		1,794		1,997		0.78	%	0.94	%	1.05	%
Fed Funds Purchased and Repurchase Agreements (6)	148,886		162,838		164,465		493		780		949		1.34	%	1.90	%	2.34	%
Trading Account Liabilities (7)	91,882		89,485		91,721		147		176		215		0.65	%	0.78	%	0.95	%
Short-Term Borrowings	95,613		105,339		112,684		199		340		471		0.84	%	1.28	%	1.70	%
Long-Term Debt (9)	183,969		207,598		204,277		1,312		1,447		1,528		2.89	%	2.77	%	3.03	%
Total Average Interest-Bearing Liabilities	$	1,251,387	$	1,325,394	$	1,342,918	$	3,566	$	4,537	$	5,160	1.16	%	1.36	%	1.56	%
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment)	$	1,251,387	$	1,325,394	$	1,342,918	$	3,261	$	4,224	$	4,784	1.06	%	1.26	%	1.44	%

Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,078	$	11,441	$	11,236	2.76	%	2.65	%	2.64	%

NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	11,383	$	11,754	$	11,612	2.84	%	2.72	%	2.72	%

1Q18 Increase (Decrease) From													(12	)bps	(1	)bps

1Q18 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													(12	)bps	—	bps

(1) Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rates of 21% in 2018 and 35% in 2017) of $123 million for the first quarter of 2017, $128 million for the fourth quarter of 2017 and $64 million for the first quarter of 2018.

(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.

DEPOSITS

(In billions of dollars)

											1Q18 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2017		2017		2017		2017		2018		4Q17		1Q17

Global Consumer Banking
North America	$	187.5	$	185.2	$	185.1	$	182.5	$	184.3	1	%	(2	)%
Latin America	27.6		28.7		28.3		27.1		29.6		9	%	7	%
Asia (1)	95.4		95.4		96.6		97.7		100.5		3	%	5	%
Total	$	310.5	$	309.3	$	310.0	$	307.3	$	314.4	2	%	1	%

ICG
North America	$	287.0	$	280.0	$	290.2	$	295.9	$	294.8	—		3	%
EMEA	160.6		169.8		171.7		173.7		188.8		9	%	18	%
Latin America	27.5		26.9		25.8		25.4		26.1		3	%	(5	)%
Asia	144.4		146.9		151.9		144.5		156.3		8	%	8	%
Total	$	619.5	$	623.6	$	639.6	$	639.5	$	666.0	4	%	8	%

Corporate/Other	$	20.0	$	25.8	$	14.4	$	13.0	$	20.8	60	%	4	%

Total Deposits - EOP	$	950.0	$	958.7	$	964.0	$	959.8	$	1,001.2	4	%	5	%

Total Deposits - Average	$	940.9	$	960.0	$	965.9	$	973.3	$	981.9	1	%	4	%

Foreign Currency (FX) Translation Impact:
Total EOP Deposits - as Reported	$	950.0	$	958.7	$	964.0	$	959.8	$	1,001.2	4	%	5	%
Impact of FX Translation (2)	19.1		12.4		8.3		7.1		—
Total EOP Deposits - Ex-FX (2)	$	969.1	$	971.1	$	972.3	$	966.9	$	1,001.2	4	%	3	%

(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 first quarter of 2018 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.

EOP LOANS

(In billions of dollars)

											1Q18 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2017		2017		2017		2017		2018		4Q17		1Q17

Global Consumer Banking

North America
Credit Cards	$	126.4	$	130.8	$	132.2	$	139.7	$	131.7	(6	)%	4	%
Retail Banking	55.5		55.6		55.7		56.0		55.4		(1	)%	—
Total	$	181.9	$	186.4	$	187.9	$	195.7	$	187.1	(4	)%	3	%

Latin America
Credit Cards	$	5.2	$	5.5	$	5.6	$	5.4	$	5.7	6	%	10	%
Retail Banking	19.7		21.0		21.0		19.9		21.2		7	%	8	%
Total	$	24.9	$	26.5	$	26.6	$	25.3	$	26.9	6	%	8	%

Asia (1)
Credit Cards	$	18.3	$	18.8	$	18.8	$	19.8	$	19.2	(3	)%	5	%
Retail Banking	66.2		66.8		67.5		70.0		70.8		1	%	7	%
Total	$	84.5	$	85.6	$	86.3	$	89.8	$	90.0	—		7	%

Total GCB Consumer Loans
Credit Cards	$	149.9	$	155.1	$	156.6	$	164.9	$	156.6	(5	)%	4	%
Retail Banking	141.4		143.4		144.2		145.9		147.4		1	%	4	%
Total GCB	$	291.3	$	298.5	$	300.8	$	310.8	$	304.0	(2	)%	4	%

Corporate/Other - Consumer:

North America
Mortgages	$	25.7	$	23.4	$	21.6	$	19.9	$	18.0	(10	)%	(30	)%
Other	1.5		1.5		1.4		1.3		1.3		—		(13	)%
Total	$	27.2	$	24.9	$	23.0	$	21.2	$	19.3	(9	)%	(29	)%

International	$	2.1	$	1.8	$	1.7	$	1.6	$	1.7	6	%	(19	)%

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

Total Corporate/Other - Consumer	$	29.3	$	26.8	$	24.8	$	22.9	$	21.1	(8	)%	(28	)%

Total Consumer Loans	$	320.6	$	325.3	$	325.6	$	333.7	$	325.1	(3	)%	1	%

Total Corporate Loans
North America	$	147.8	$	151.8	$	155.7	$	159.2	$	163.0	2	%	10	%
EMEA	66.4		71.3		72.8		74.4		82.1		10	%	24	%
Latin America	35.1		34.1		33.7		33.5		33.8		1	%	(4	)%
Asia	58.7		62.2		65.4		66.3		69.0		4	%	18	%
Total Corporate Loans	$	308.0	$	319.4	$	327.6	$	333.4	$	347.9	4	%	13	%

Total Loans	$	628.6	$	644.7	$	653.2	$	667.0	$	672.9	1	%	7	%

Foreign Currency (FX) Translation Impact:
Total EOP Loans - as Reported	$	628.6	$	644.7	$	653.2	$	667.0	$	672.9	1	%	7	%
Impact of FX Translation (2)	8.9		6.3		4.5		4.4		—
Total EOP Loans - Ex-FX (2)	$	637.5	$	651.0	$	657.7	$	671.4	$	672.9	—		6	%

(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 first quarter of 2018 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.

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
	1Q			2Q			3Q			4Q			1Q			1Q
	2017			2017			2017			2017			2018			2018

GCB (2)
Total	$	2,241		$	2,183		$	2,279		$	2,478		$	2,379		$	304.0
*Ratio*	0.77		%	0.73		%	0.76		%	0.80		%	0.78		%

Retail Bank (2)
Total	$	488		$	477		$	489		$	515		$	493		$	147.4
Ratio	0.35		%	0.33		%	0.34		%	0.35		%	0.34		%
North America (2)	$	182		$	155		$	167		$	199		$	184		$	55.4
Ratio	0.33		%	0.28		%	0.30		%	0.36		%	0.34		%
Latin America	$	141		$	150		$	151		$	130		$	128		$	21.2
Ratio	0.72		%	0.71		%	0.72		%	0.65		%	0.60		%
Asia (3)	$	165		$	172		$	171		$	186		$	181		$	70.8
Ratio	0.25		%	0.26		%	0.25		%	0.27		%	0.26		%

Cards
Total	$	1,753		$	1,706		$	1,790		$	1,963		$	1,886		$	156.6
Ratio	1.17		%	1.10		%	1.14		%	1.19		%	1.20		%
North America - Citi-Branded	$	698		$	659		$	668		$	768		$	731		$	85.7
Ratio	0.85		%	0.77		%	0.77		%	0.85		%	0.85		%
North America - Retail Services	$	735		$	693		$	772		$	845		$	797		$	46.0
Ratio	1.66		%	1.53		%	1.68		%	1.72		%	1.73		%
Latin America	$	137		$	161		$	159		$	151		$	160		$	5.7
Ratio	2.63		%	2.93		%	2.84		%	2.80		%	2.81		%
Asia (3)	$	183		$	193		$	191		$	199		$	198		$	19.2
Ratio	1.00		%	1.03		%	1.02		%	1.01		%	1.03		%

Corporate/Other - Consumer (2) (4)	$	684		$	601		$	605		$	557		$	478		$	21.1
*Ratio*	2.45		%	2.37		%	2.57		%	2.57		%	2.38		%
International	$	77		$	63		$	57		$	43		$	32		$	1.7
Ratio	3.67		%	3.50		%	3.35		%	2.69		%	1.88		%
North America (2) (4)	$	607		$	538		$	548		$	514		$	446		$	19.4
Ratio	2.35		%	2.28		%	2.51		%	2.56		%	2.42		%

Total Citigroup (2) (4)	$	2,925		$	2,784		$	2,884		$	3,035		$	2,857		$	325.1
Ratio	0.92		%	0.86		%	0.89		%	0.91		%	0.88		%

(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.

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
	1Q			2Q			3Q			4Q			1Q			1Q
	2017			2017			2017			2017			2018			2018

GCB (2)
Total	$	2,516		$	2,498		$	2,763		$	2,762		$	2,710		$	304.0
*Ratio*	0.87		%	0.84		%	0.92		%	0.89		%	0.89		%

Retail Bank (2)
Total	$	777		$	747		$	805		$	822		$	830		$	147.4
Ratio	0.55		%	0.52		%	0.56		%	0.57		%	0.57		%
North America (2)	$	189		$	191		$	270		$	306		$	227		$	55.4
Ratio	0.35		%	0.35		%	0.49		%	0.55		%	0.41		%
Latin America	$	246		$	216		$	244		$	195		$	248		$	21.2
Ratio	1.25		%	1.03		%	1.16		%	0.98		%	1.17		%
Asia (3)	$	342		$	340		$	291		$	321		$	355		$	70.8
Ratio	0.52		%	0.51		%	0.43		%	0.46		%	0.50		%

Cards
Total	$	1,739		$	1,751		$	1,958		$	1,940		$	1,880		$	156.6
Ratio	1.16		%	1.13		%	1.25		%	1.18		%	1.20		%
North America - Citi-Branded	$	632		$	619		$	705		$	698		$	669		$	85.7
Ratio	0.77		%	0.72		%	0.82		%	0.77		%	0.78		%
North America - Retail Services	$	730		$	730		$	836		$	830		$	791		$	46.0
Ratio	1.65		%	1.62		%	1.82		%	1.69		%	1.72		%
Latin America	$	145		$	151		$	163		$	153		$	160		$	5.7
Ratio	2.79		%	2.75		%	2.91		%	2.83		%	2.81		%
Asia (3)	$	232		$	251		$	254		$	259		$	260		$	19.2
Ratio	1.27		%	1.34		%	1.35		%	1.31		%	1.35		%

Corporate/Other - Consumer (2) (4)	$	615		$	554		$	643		$	542		$	393		$	21.1
*Ratio*	2.20		%	2.18		%	2.74		%	2.50		%	1.96		%
International	$	60		$	44		$	47		$	40		$	44		$	1.7
Ratio	2.86		%	2.44		%	2.76		%	2.50		%	2.59		%
North America (2) (4)	$	555		$	510		$	596		$	502		$	349		$	19.4
Ratio	2.15		%	2.16		%	2.73		%	2.50		%	1.90		%

Total Citigroup (2) (4)	$	3,131		$	3,052		$	3,406		$	3,304		$	3,103		$	325.1
Ratio	0.98		%	0.94		%	1.05		%	1.00		%	0.96		%

(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.

ALLOWANCE FOR CREDIT LOSSES - PAGE 1

(In millions of dollars)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17

Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	12,060		$	12,030		$	12,025		$	12,366		$	12,355

Gross Credit (Losses)	(2,144		)	(2,130		)	(2,120		)	(2,279		)	(2,296		)	(1	)%	(7	)%
Gross Recoveries	435			420			343			399			429			8	%	(1	)%
Net Credit (Losses) / Recoveries (NCLs)	(1,709		)	(1,710		)	(1,777		)	(1,880		)	(1,867		)	1	%	(9	)%
NCLs	1,709			1,710			1,777			1,880			1,867			(1	)%	9	%
Net Reserve Builds / (Releases)	(20		)	67			419			78			102			31	%	NM
Net Specific Reserve Builds / (Releases)	(14		)	(111		)	(50		)	58			(166		)	NM		NM
Provision for Loan Losses	1,675			1,666			2,146			2,016			1,803			(11	)%	8	%
Other (2) (3) (4) (5) (6) (7)	4			39			(28		)	(147		)	63			NM		NM
Allowance for Loan Losses at End of Period (1) (a)	$	12,030		$	12,025		$	12,366		$	12,355		$	12,354

Allowance for Unfunded Lending Commitments (8) (a)	$	1,377		$	1,406		$	1,232		$	1,258		$	1,290

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

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	13,407		$	13,431		$	13,598		$	13,613		$	13,644

Total Allowance for Loan Losses as a Percentage of Total Loans (9) (10)	1.93		%	1.88		%	1.91		%	1.87		%	1.85		%

Consumer:
Allowance for Loan Losses at Beginning of Period (1)	$	9,358		$	9,495		$	9,515		$	9,892		$	9,869

Net Credit Losses (NCLs)	(1,672		)	(1,633		)	(1,734		)	(1,658		)	(1,771		)	(7	)%	(6	)%
NCLs	1,672			1,633			1,734			1,658			1,771			7	%	6	%
Net Reserve Builds / (Releases)	146			71			479			115			121			5	%	(17	)%
Net Specific Reserve Builds / (Releases)	(2		)	(84		)	(71		)	12			(11		)	NM		NM
Provision for Loan Losses	1,816			1,620			2,142			1,785			1,881			5	%	4	%
Other (2) (3) (4) (5) (6) (7)	(7		)	33			(31		)	(150		)	60			NM		NM
Allowance for Loan Losses at End of Period (1) (b)	$	9,495		$	9,515		$	9,892		$	9,869		$	10,039

Consumer Allowance for Unfunded Lending Commitments (8) (b)	$	41		$	40		$	35		$	33		$	32

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

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	9,536		$	9,555		$	9,927		$	9,902		$	10,071

Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (9)	2.96		%	2.93		%	3.04		%	2.96		%	3.09		%

Corporate
Allowance for Loan Losses at Beginning of Period (1)	$	2,702		$	2,535		$	2,510		$	2,474		$	2,486

Net Credit (Losses) / Recoveries (NCL’s)	(37		)	(77		)	(43		)	(222		)	(96		)	57	%	NM
NCLs	37			77			43			222			96			(57	)%	NM
Net Reserve Builds / (Releases)	(166		)	(4		)	(60		)	(37		)	(19		)	49	%	89	%
Net Specific Reserve Builds / (Releases)	(12		)	(27		)	21			46			(155		)	NM		NM
Provision for Loan Losses	(141		)	46			4			231			(78		)	NM		45	%
Other (2)	11			6			3			3			3
Allowance for Loan Losses at End of Period (1) (c)	$	2,535		$	2,510		$	2,474		$	2,486		$	2,315

Corporate Allowance for Unfunded Lending Commitments (8) (c)	$	1,336		$	1,366		$	1,197		$	1,225		$	1,258

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

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (c)]	$	3,871		$	3,876		$	3,671		$	3,711		$	3,573

Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (10)	0.83		%	0.80		%	0.77		%	0.76		%	0.67		%

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

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 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.

(4) 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.

(5) 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.

(6) The fourth quarter of 2017 includes a reduction of approximately $47 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 a decrease of approximately $106 million related to FX translation.

(7) The first quarter of 2018 includes a reduction of approximately $55 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $53 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the first quarter includes an increase of approximately $118 million related to FX translation.

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

(9) March 31, 2017, June 30, 2017, September 30, 2017, December 31, 2017 and March 31, 2018 exclude $28 million, $27 million, $27 million, $25 million and $23 million, respectively, of consumer loans which are carried at fair value.

(10) March 31, 2017, June 30, 2017, September 30, 2017, December 31, 2017 and March 31, 2018 exclude $4.0 billion, $4.2 billion, $4.3 billion, $4.9 billion and $4.5 billion, respectively, of corporate loans which are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

COMPONENTS OF PROVISION FOR LOAN LOSSES

(In millions of dollars)

	1Q			2Q			3Q			4Q			1Q			1Q18 Increase/ (Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17

Global Consumer Banking
Net Credit Losses	$	1,603		$	1,615		$	1,704		$	1,640		$	1,736		6	%	8	%
Credit Reserve Build / (Release)	177			125			486			177			144			(19	)%	(19	)%
North America
Net Credit Losses	1,190			1,181			1,239			1,186			1,296			9	%	9	%
Credit Reserve Build / (Release)	152			101			463			153			123			(20	)%	(19	)%
Retail Banking
Net Credit Losses	37			39			88			30			43			43	%	16	%
Credit Reserve Build / (Release)	7			(7		)	(47		)	3			(20		)	NM		NM
Citi-Branded Cards
Net Credit Losses	633			611			611			592			651			10	%	3	%
Credit Reserve Build / (Release)	92			26			192			87			75			(14	)%	(18	)%
Citi Retail Services
Net Credit Losses	520			531			540			564			602			7	%	16	%
Credit Reserve Build / (Release)	53			82			318			63			68			8	%	28	%
Latin America
Net Credit Losses	253			277			295			292			278			(5	)%	10	%
Credit Reserve Build / (Release)	12			50			44			19			42			NM		NM
Retail Banking
Net Credit Losses	137			151			143			153			132			(14	)%	(4	)%
Credit Reserve Build / (Release)	14			27			13			(5		)	10			NM		(29	)%
Citi-Branded Cards
Net Credit Losses	116			126			152			139			146			5	%	26	%
Credit Reserve Build / (Release)	(2		)	23			31			24			32			33	%	NM
Asia (1)
Net Credit Losses	160			157			170			162			162			—		1	%
Credit Reserve Build / (Release)	13			(26		)	(21		)	5			(21		)	NM		NM
Retail Banking
Net Credit Losses	62			54			69			60			57			(5	)%	(8	)%
Credit Reserve Build / (Release)	(6		)	(9		)	(23		)	6			(13		)	NM		NM
Citi-Branded Cards
Net Credit Losses	98			103			101			102			105			3	%	7	%
Credit Reserve Build / (Release)	19			(17		)	2			(1		)	(8		)	NM		NM

Institutional Clients Group (ICG)
Net Credit Losses	25			71			44			225			105			(53	)%	NM
Credit Reserve Build / (Release)	(176		)	(15		)	(38		)	8			(175		)	NM		1	%

Corporate / Other
Net Credit Losses	81			24			29			15			26			73	%	(68	)%
Credit Reserve Build / (Release)	(35		)	(154		)	(79		)	(49		)	(33		)	33	%	6	%

Total Provision for Loan Losses	$	1,675		$	1,666		$	2,146		$	2,016		$	1,803		(11	)%	8	%

(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.

NON-ACCRUAL ASSETS

(In millions of dollars)

																1Q18 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2017			2017			2017			2017			2018			4Q17		1Q17
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region
North America	$	993		$	944		$	915		$	784		$	817		4	%	(18	)%
EMEA	828			727			681			849			561			(34	)%	(32	)%
Latin America	342			281			312			280			263			(6	)%	(23	)%
Asia	176			146			146			29			27			(7	)%	(85	)%
Total	$	2,339		$	2,098		$	2,054		$	1,942		$	1,668		(14	)%	(29	)%

Consumer Non-Accrual Loans By Region (2)
North America	$	1,926		$	1,754		$	1,721		$	1,650		$	1,500		(9	)%	(22	)%
Latin America	737			793			791			756			791			5	%	7	%
Asia (3)	292			301			271			284			284			—		(3	)%
Total	$	2,955		$	2,848		$	2,783		$	2,690		$	2,575		(4	)%	(13	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

Institutional Clients Group	$	11		$	24		$	44		$	37		$	19		(49	)%	73	%
Global Consumer Banking	29			29			34			26			28			8	%	(3	)%
Corporate/Other	133			115			65			81			67			(17	)%	(50	)%
TOTAL OTHER REAL ESTATE OWNED (OREO) (4)	$	173		$	168		$	143		$	144		$	114		(21	)%	(34	)%

OREO By Region:
North America	$	136		$	128		$	97		$	89		$	70		(21	)%	(49	)%
EMEA	1			1			1			2			—			(100	)%	(100	)%
Latin America	31			31			30			35			29			(17	)%	(6	)%
Asia	5			8			15			18			15			(17	)%	NM
Total	$	173		$	168		$	143		$	144		$	114		(21	)%	(34	)%

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

Non-Accrual Assets (NAA) (5)
Corporate Non-Accrual Loans	$	2,339		$	2,098		$	2,054		$	1,942		$	1,668		(14	)%	(29	)%
Consumer Non-Accrual Loans	2,955			2,848			2,783			2,690			2,575			(4	)%	(13	)%
Non-Accrual Loans (NAL)	5,294			4,946			4,837			4,632			4,243			(8	)%	(20	)%
OREO	173			168			143			144			114			(21	)%	(34	)%
Other Repossessed Assets	—			—			—			—			—			—		—
Non-Accrual Assets (NAA)	$	5,467		$	5,114		$	4,980		$	4,776		$	4,357		(9	)%	(20	)%

NAL as a % of Total Loans	0.84		%	0.77		%	0.74		%	0.69		%	0.63		%
NAA as a % of Total Assets	0.30		%	0.27		%	0.26		%	0.26		%	0.23		%

Allowance for Loan Losses as a % of NAL	227		%	243		%	256		%	267		%	291		%

(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) Excludes SOP 03-3 purchased distressed loans.

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

(4) 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.

(5) 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.

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)

	March 31,			June 30,			September 30,			December 31,			March 31,
	2017(2)			2017			2017			2017(3)			2018(4)
Common Equity Tier 1 Capital Ratio and Components(1)

Citigroup Common Stockholders’ Equity(5)	$	208,907		$	210,950		$	208,565		$	181,671		$	182,942
Add: Qualifying noncontrolling interests	133			143			144			153			140
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(6)	(562		)	(445		)	(437		)	(698		)	(920		)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(7)	(173		)	(291		)	(416		)	(721		)	(498		)
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(8)	21,448			21,589			21,532			22,052			22,482
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	4,738			4,587			4,410			4,401			4,209
Defined benefit pension plan net assets	836			796			720			896			871
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	21,077			20,832			20,068			13,072			12,811
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(9)	9,012			8,851			9,298			—			—
Common Equity Tier 1 Capital (CET1)	$	152,664		$	155,174		$	153,534		$	142,822		$	144,127
Risk-Weighted Assets (RWA)	$	1,191,397		$	1,188,167		$	1,182,918		$	1,155,099		$	1,195,020
Common Equity Tier 1 Capital Ratio (CET1/RWA)	12.81		%	13.06		%	12.98		%	12.36		%	12.1		%

Supplementary Leverage Ratio and Components

Common Equity Tier 1 Capital (CET1)	$	152,664		$	155,174		$	153,534		$	142,822		$	144,127
Additional Tier 1 Capital (AT1)(10)	19,791			19,955			19,315			19,555			19,350
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	172,455		$	175,129		$	172,849		$	162,377		$	163,477
Total Leverage Exposure (TLE)	$	2,372,177		$	2,418,658		$	2,430,582		$	2,432,491		$	2,437,858
Supplementary Leverage Ratio (T1C/TLE)	7.27		%	7.24		%	7.11		%	6.68		%	6.7		%

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

Common Stockholders’ Equity	$	208,723		$	210,766		$	208,381		$	181,487		$	182,759
Less:
Goodwill	22,265			22,349			22,345			22,256			22,659
Intangible assets (other than MSRs)	5,013			4,887			4,732			4,588			4,450
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS	48			120			48			32			48
Tangible Common Equity (TCE)	$	181,397		$	183,410		$	181,256		$	154,611		$	155,602
Common Shares Outstanding (CSO)	2,753.3			2,724.6			2,644.0			2,569.9			2,549.9
Book Value Per Share (Common Equity/CSO)	$	75.81		$	77.36		$	78.81		$	70.62		$	71.67
Tangible Book Value Per Share (TCE/CSO)	$	65.88		$	67.32		$	68.55		$	60.16		$	61.02

(1) See footnote 2 on page 1.

(2) See footnote 4 on page 1.

(3) See footnote 1 on page 1.

(4) Preliminary.

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

(6) 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.

(7) 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.

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

(9) 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.

(10) 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.

CITIGROUP INC - FORM 8-K - EX-99.2 - April 13, 2018

Attached files