CITIGROUP INC - FORM 8-K - EX-99.2

Attached files

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EX-99.1 - EX-99.1 - CITIGROUP INC	a18-36596_1ex99d1.htm
8-K - 8-K - CITIGROUP INC	a18-36596_18k.htm

Exhibit 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

3Q18

		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
		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)

																3Q18 Increase/				Nine			Nine			YTD 2018 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017(1)			2018			2018			2018			2Q18		3Q17		2017			2018			(Decrease)

Total Revenues, Net of Interest Expense	$	18,419		$	17,504		$	18,872		$	18,469		$	18,389		—		—		$	54,940		$	55,730		1	%
Total Operating Expenses	10,417			10,332			10,925			10,712			10,311			(4	)%	(1	)%	31,900			31,948			—
Net Credit Losses (NCLs)	1,777			1,880			1,867			1,704			1,756			3	%	(1	)%	5,196			5,327			3	%
Credit Reserve Build / (Release)	369			136			(64		)	91			150			65	%	(59	)%	291			177			(39	)%
Provision / (Release) for Unfunded Lending Commitments	(175		)	29			28			(4		)	42			NM		NM		(190		)	66			NM
Provision for Benefits and Claims	28			28			26			21			26			24	%	(7	)%	81			73			(10	)%
Provisions for Credit Losses and for Benefits and Claims	$	1,999		$	2,073		$	1,857		$	1,812		$	1,974		9	%	(1	)%	$	5,378		$	5,643		5	%
Income from Continuing Operations before Income Taxes	$	6,003		$	5,099		$	6,090		$	5,945		$	6,104		3	%	2	%	$	17,662		$	18,139		3	%
Income Taxes (Benefits)	1,866			23,864			1,441			1,444			1,471			2	%	(21	)%	5,524			4,356			(21	)%
Income (Loss) from Continuing Operations	$	4,137		$	(18,765	)	$	4,649		$	4,501		$	4,633		3	%	12	%	$	12,138		$	13,783		14	%
Income (Loss) from Discontinued Operations, net of Taxes	(5		)	(109		)	(7		)	15			(8		)	NM		(60	)%	(2		)	—			100	%
Net Income (Loss) before Noncontrolling Interests	$	4,132		$	(18,874	)	$	4,642		$	4,516		$	4,625		2	%	12	%	$	12,136		$	13,783		14	%
Net Income Attributable to Noncontrolling Interests	(1		)	19			22			26			3			(88	)%	NM		41			51			24	%
Citigroup’s Net Income (Loss)	$	4,133		$	(18,893	)	$	4,620		$	4,490		$	4,622		3	%	12	%	$	12,095		$	13,732		14	%

Diluted Earnings Per Share:
Income (Loss) from Continuing Operations	$	1.42		$	(7.33	)	$	1.68		$	1.62		$	1.74		7	%	23	%	$	4.05		$	5.04		24	%
Citigroup’s Net Income (Loss)	$	1.42		$	(7.38	)	$	1.68		$	1.63		$	1.73		6	%	22	%	$	4.05		$	5.04		24	%
Shares (in millions):
Average Basic	2,683.6			2,606.2			2,561.6			2,530.9			2,479.8			(2	)%	(8	)%	2,729.3			2,524.1			(8	)%
Average Diluted	2,683.7			2,606.2			2,563.0			2,532.3			2,481.4			(2	)%	(8	)%	2,729.5			2,525.5			(7	)%
Common Shares Outstanding, at period end	2,644.0			2,569.9			2,549.9			2,516.6			2,442.1			(3	)%	(8	)%

Preferred Dividends	$	272		$	320		$	272		$	318		$	270		(15	)%	(1	)%	$	893		$	860		(4	)%

Income Allocated to Unrestricted Common Shareholders - Basic
Income (Loss) from Continuing Operations	$	3,813		$	(19,116	)	$	4,304		$	4,108		$	4,309		5	%	13	%	$	11,048		$	12,721		15	%
Citigroup’s Net Income (Loss)	$	3,808		$	(19,225	)	$	4,297		$	4,123		$	4,301		4	%	13	%	$	11,046		$	12,721		15	%

Income Allocated to Unrestricted Common Shareholders - Diluted
Income (Loss) from Continuing Operations	$	3,813		$	(19,116	)	$	4,304		$	4,108		$	4,309		5	%	13	%	$	11,048		$	12,721		15	%
Citigroup’s Net Income (Loss)	$	3,808		$	(19,225	)	$	4,297		$	4,123		$	4,301		4	%	13	%	$	11,046		$	12,721		15	%

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 (CET1) Capital Ratio (2) (3)	12.98		%	12.36		%	12.05		%	12.14		%	11.8		%
Tier 1 Capital Ratio(2) (3)	14.61		%	14.06		%	13.67		%	13.77		%	13.4		%
Total Capital Ratio(2) (3)	16.95		%	16.30		%	16.01		%	16.31		%	15.9		%
Supplementary Leverage Ratio(3) (4)	7.11		%	6.68		%	6.71		%	6.60		%	6.5		%
Return on Average Assets	0.87		%	(3.93		)%	0.98		%	0.94		%	0.95		%					0.87		%	0.96		%
Return on Average Common Equity	7.3		%	(37.5		)%	9.7		%	9.2		%	9.6		%					7.2		%	9.5		%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)	56.6		%	59.0		%	57.9		%	58.0		%	56.1		%					58.1		%	57.3		%

Balance Sheet Data (in billions of dollars, except per share amounts):
Total Assets	$	1,889.1		$	1,842.5		$	1,922.1		$	1,912.3		$	1,925.2		1	%	2	%
Total Average Assets	1,892.3			1,909.7			1,904.2			1,917.1			1,922.8			—		2	%	$	1,864.0		$	1,914.7		3	%
Total Deposits	964.0			959.8			1,001.2			996.7			1,005.2			1	%	4	%
Citigroup’s Stockholders’ Equity(5)	227.6			200.7			201.9			200.1			197.0			(2	)%	(13	)%
Book Value Per Share	78.81			70.62			71.67			71.95			72.88			1	%	(8	)%
Tangible Book Value Per Share (6)	68.55			60.16			61.02			61.29			61.91			1	%	(10	)%

Direct Staff (in thousands)	213			209			209			205			206			—		(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) For all periods presented, Citi’s reportable CET1 Capital and Tier 1 Capital ratios were derived under the U.S. Basel III Standardized Approach, whereas 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) September 30, 2018 is preliminary.

(4) 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.

(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) 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. Due to averaging and roundings, quarterly earnings per share may not sum to the YTD totals.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

																3Q18 Increase/				Nine			Nine			YTD 2018 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2018			2018			2018			2Q18		3Q17		2017			2018			(Decrease)
Revenues
Interest revenue	$	15,914		$	15,850		$	16,332		$	17,550		$	18,170		4	%	14	%	$	45,729		$	52,052		14	%
Interest expense	4,379			4,537			5,160			5,885			6,368			8	%	45	%	11,981			17,413			45	%
Net interest revenue	11,535			11,313			11,172			11,665			11,802			1	%	2	%	33,748			34,639			3	%

Commissions and fees	3,241			3,155			3,030			3,111			2,803			(10	)%	(14	)%	9,552			8,944			(6	)%
Principal transactions	2,248			1,490			3,289			2,151			2,566			19	%	14	%	7,985			8,006			—
Administrative and other fiduciary fees	929			912			905			934			911			(2	)%	(2	)%	2,672			2,750			3	%
Realized gains (losses) on investments	213			152			170			102			69			(32	)%	(68	)%	626			341			(46	)%
Other-than-temporary impairment losses on investments and other assets	(15		)	(16		)	(28		)	(15		)	(70		)	NM		NM		(47		)	(113		)	NM
Other revenue	268			498			334			521			308			(41	)%	15	%	404			1,163			NM
Total non-interest revenues	6,884			6,191			7,700			6,804			6,587			(3	)%	(4	)%	21,192			21,091			—
Total revenues, net of interest expense	18,419			17,504			18,872			18,469			18,389			—		—		54,940			55,730			1	%

Provisions for Credit Losses and for Benefits and Claims

Net credit losses	1,777			1,880			1,867			1,704			1,756			3	%	(1	)%	5,196			5,327			3	%
Credit reserve build / (release)	369			136			(64		)	91			150			65	%	(59	)%	291			177			(39	)%
Provision for loan losses	2,146			2,016			1,803			1,795			1,906			6	%	(11	)%	5,487			5,504			—
Provision for Policyholder benefits and claims	28			28			26			21			26			24	%	(7	)%	81			73			(10	)%
Provision for unfunded lending commitments	(175		)	29			28			(4		)	42			NM		NM		(190		)	66			NM
Total provisions for credit losses and for benefits and claims	1,999			2,073			1,857			1,812			1,974			9	%	(1	)%	5,378			5,643			5	%

Operating Expenses
Compensation and benefits	5,304			4,880			5,807			5,452			5,319			(2	)%	—		16,301			16,578			2	%
Premises and Equipment	608			621			593			570			565			(1	)%	(7	)%	1,832			1,728			(6	)%
Technology / communication expense	1,764			1,787			1,758			1,797			1,806			1	%	2	%	5,122			5,361			5	%
Advertising and marketing expense	417			386			381			411			378			(8	)%	(9	)%	1,222			1,170			(4	)%
Other operating	2,324			2,658			2,386			2,482			2,243			(10	)%	(3	)%	7,423			7,111			(4	)%
Total operating expenses	10,417			10,332			10,925			10,712			10,311			(4	)%	(1	)%	31,900			31,948			—

Income from Continuing Operations before Income Taxes	6,003			5,099			6,090			5,945			6,104			3	%	2	%	17,662			18,139			3	%
Provision (benefits) for income taxes	1,866			23,864			1,441			1,444			1,471			2	%	(21	)%	5,524			4,356			(21	)%

Income (Loss) from Continuing Operations	4,137			(18,765		)	4,649			4,501			4,633			3	%	12	%	12,138			13,783			14	%
Discontinued Operations
Income (Loss) from Discontinued Operations	(9		)	(100		)	(7		)	(2		)	(8		)	NM		11	%	(4		)	(17		)	NM
Provision (benefits) for income taxes	(4		)	9			—			(17		)	—			100	%	100	%	(2		)	(17		)	NM
Income (Loss) from Discontinued Operations, net of taxes	(5		)	(109		)	(7		)	15			(8		)	NM		(60	)%	(2		)	—			100	%

Net Income (Loss) before Noncontrolling Interests	4,132			(18,874		)	4,642			4,516			4,625			2	%	12	%	12,136			13,783			14	%

Net Income (Loss) attributable to noncontrolling interests	(1		)	19			22			26			3			(88	)%	NM		41			51			24	%
Citigroup’s Net Income (Loss)	$	4,133		$	(18,893	)	$	4,620		$	4,490		$	4,622		3	%	12	%	$	12,095		$	13,732		14	%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

																3Q18 Increase/
	September 30,			December 31,			March 31,			June 30,			September 30,			(Decrease) from
	2017			2017			2018			2018			2018 (1)			2Q18		3Q17
Assets
Cash and due from banks (including segregated cash and other deposits)	$	22,604		$	23,775		$	21,850		$	21,077		$	25,727		22	%	14	%
Deposits with banks	163,505			156,741			180,854			179,825			173,559			(3	)%	6	%
Fed funds sold and securities borr’d or purch under agree. to resell	252,608			232,478			257,887			265,526			280,941			6	%	11	%
Brokerage receivables	38,076			38,384			46,572			36,977			40,679			10	%	7	%
Trading account assets	260,151			252,790			268,808			262,949			257,502			(2	)%	(1	)%
Investments
Available-for-sale and non-marketable equity securities(2)	303,147			298,970			299,479			296,819			292,264			(2	)%	(4	)%
Held-to-maturity	51,527			53,320			52,492			52,897			53,249			1	%	3	%
Total Investments	354,674			352,290			351,971			349,716			345,513			(1	)%	(3	)%
Loans, net of unearned income
Consumer	325,576			333,656			325,084			323,632			325,469			1	%	—
Corporate	327,607			333,378			347,854			347,548			349,440			1	%	7	%
Loans, net of unearned income	653,183			667,034			672,938			671,180			674,909			1	%	3	%
Allowance for loan losses	(12,366		)	(12,355		)	(12,354		)	(12,126		)	(12,336		)	(2	)%	—
Total loans, net	640,817			654,679			660,584			659,054			662,573			1	%	3	%
Goodwill	22,345			22,256			22,659			22,058			22,187			1	%	(1	)%
Intangible assets (other than MSRs)	4,732			4,588			4,450			4,729			4,598			(3	)%	(3	)%
Mortgage servicing rights (MSRs)	553			558			587			596			618			4	%	12	%
Other assets	129,068			103,926			105,882			109,827			111,268			1	%	(14	)%
Total assets	$	1,889,133		$	1,842,465		$	1,922,104		$	1,912,334		$	1,925,165		1	%	2	%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	127,220		$	126,880		$	125,332		$	117,473		$	111,446		(5	)%	(12	)%
Interest-bearing deposits in U.S. offices	315,556			318,613			327,872			337,228			351,291			4	%	11	%
Total U.S. Deposits	442,776			445,493			453,204			454,701			462,737			2	%	5	%
Non-interest-bearing deposits in offices outside the U.S.	84,178			87,440			90,477			86,241			83,200			(4	)%	(1	)%
Interest-bearing deposits in offices outside the U.S.	437,084			426,889			457,538			455,788			459,239			1	%	5	%
Total International Deposits	521,262			514,329			548,015			542,029			542,439			—		4	%

Total deposits	964,038			959,822			1,001,219			996,730			1,005,176			1	%	4	%
Fed funds purch and securities loaned or sold under agree. to repurch.	161,282			156,277			171,759			177,828			175,915			(1	)%	9	%
Brokerage payables	63,205			61,342			69,685			67,672			73,346			8	%	16	%
Trading account liabilities	139,530			125,170			143,961			140,745			147,652			5	%	6	%
Short-term borrowings	38,149			44,452			36,094			37,233			33,770			(9	)%	(11	)%
Long-term debt	232,673			236,709			237,938			236,822			235,270			(1	)%	1	%
Other liabilities(2)	61,634			57,021			58,582			54,336			56,173			3	%	(9	)%
Total liabilities	$	1,660,511		$	1,640,793		$	1,719,238		$	1,711,366		$	1,727,302		1	%	4	%

Equity
Stockholders’ equity(3)
Preferred stock	$	19,253		$	19,253		$	19,156		$	19,035		$	19,035		—		(1	)%
Common stock	31			31			31			31			31			—		—
Additional paid-in capital	107,896			108,008			107,599			107,724			107,825			—		—
Retained earnings(3)	155,174			138,425			141,863			145,211			148,436			2	%	(4	)%
Treasury stock	(24,829		)	(30,309		)	(32,115		)	(34,413		)	(39,678		)	(15	)%	(60	)%
Accumulated other comprehensive income (loss)(3)	(29,891		)	(34,668		)	(34,619		)	(37,494		)	(38,645		)	(3	)%	(29	)%
Total common equity	$	208,381		$	181,487		$	182,759		$	181,059		$	177,969		(2	)%	(15	)%

Total Citigroup stockholders’ equity	$	227,634		$	200,740		$	201,915		$	200,094		$	197,004		(2	)%	(13	)%
Noncontrolling interests	988			932			951			874			859			(2	)%	(13	)%
Total equity	228,622			201,672			202,866			200,968			197,863			(2	)%	(13	)%
Total liabilities and equity	$	1,889,133		$	1,842,465		$	1,922,104		$	1,912,334		$	1,925,165		1	%	2	%

(1) Preliminary.

(2) Includes allowance for credit losses for unfunded lending commitments. See page 24 for amounts by period.

(3) 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)

											3Q18 Increase/				Nine		Nine		YTD 2018 vs.
	3Q		4Q		1Q		2Q		3Q		(Decrease) from				Months		Months		YTD 2017 Increase/
	2017		2017		2018		2018		2018		2Q18		3Q17		2017		2018		(Decrease)

Global Consumer Banking
North America	$	5,197	$	5,182	$	5,157	$	5,004	$	5,129	2	%	(1	)%	$	15,088	$	15,290	1	%
Latin America	1,388		1,359		1,347		1,381		1,670		21	%	20	%	3,863		4,398		14	%
Asia(1)	1,885		1,908		1,929		1,865		1,855		(1	)%	(2	)%	5,438		5,649		4	%
Total	8,470		8,449		8,433		8,250		8,654		5	%	2	%	24,389		25,337		4	%

Institutional Clients Group
North America	3,709		3,046		3,265		3,511		3,329		(5	)%	(10	)%	10,877		10,105		(7	)%
EMEA	2,703		2,441		3,167		3,043		2,927		(4	)%	8	%	8,438		9,137		8	%
Latin America	1,099		1,031		1,210		1,162		1,055		(9	)%	(4	)%	3,354		3,427		2	%
Asia	1,919		1,786		2,206		1,975		1,930		(2	)%	1	%	5,501		6,111		11	%
Total	9,430		8,304		9,848		9,691		9,241		(5	)%	(2	)%	28,170		28,780		2	%

Corporate / Other	519		751		591		528		494		(6	)%	(5	)%	2,381		1,613		(32	)%

Total Citigroup - Net Revenues	$	18,419	$	17,504	$	18,872	$	18,469	$	18,389	—		—		$	54,940	$	55,730	1	%

(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)

																3Q18 Increase/				Nine			Nine			YTD 2018 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017(1)			2018			2018			2018			2Q18		3Q17		2017			2018			(Decrease)

Income (Loss) from Continuing Operations:

Global Consumer Banking
North America	$	642		$	77		$	838		$	719		$	850		18	%	32	%	$	1,913		$	2,407		26	%
Latin America	169			165			183			200			334			67	%	98	%	445			717			61	%
Asia (2)	359			340			373			360			383			6	%	7	%	938			1,116			19	%
Total	1,170			582			1,394			1,279			1,567			23	%	34	%	3,296			4,240			29	%

Institutional Clients Group
North America	1,298			(1,108		)	857			1,028			870			(15	)%	(33	)%	3,463			2,755			(20	)%
EMEA	753			431			1,113			987			972			(2	)%	29	%	2,401			3,072			28	%
Latin America	388			333			491			514			541			5	%	39	%	1,211			1,546			28	%
Asia	623			557			868			708			734			4	%	18	%	1,778			2,310			30	%
Total	3,062			213			3,329			3,237			3,117			(4	)%	2	%	8,853			9,683			9	%

Corporate / Other	(95		)	(19,560		)	(74		)	(15		)	(51		)	NM		46	%	(11		)	(140		)	NM

Income (Loss) From Continuing Operations	$	4,137		$	(18,765	)	$	4,649		$	4,501		$	4,633		3	%	12	%	$	12,138		$	13,783		14	%

Discontinued Operations	(5		)	(109		)	(7		)	15			(8		)	NM		(60	)%	(2		)	—			100	%

Net Income Attributable to Noncontrolling Interests	(1		)	19			22			26			3			(88	)%	NM		41			51			24	%

Total Citigroup - Net Income (Loss)	$	4,133		$	(18,893	)	$	4,620		$	4,490		$	4,622		3	%	12	%	$	12,095		$	13,732		14	%

Average Assets (in billions of dollars)
North America	$	993		$	1,006		$	971		$	979		$	998		2	%	1	%	$	980		$	983		—
EMEA(2)	329			334			363			375			358			(5	)%	9	%	327			365			12	%
Latin America	131			128			129			127			126			(1	)%	(4	)%	128			127			(1	)%
Asia(2)	337			340			348			342			344			1	%	2	%	329			345			5	%
Corporate / Other	102			102			93			94			97			3	%	(5	)%	100			95			(5	)%
Total	$	1,892		$	1,910		$	1,904		$	1,917		$	1,923		—		2	%	$	1,864		$	1,915		3	%

Return on Average Assets (ROA) on Net Income (Loss)
North America	0.78		%	(0.41		)%	0.71		%	0.72		%	0.70		%					0.73		%	0.71		%
EMEA(2)	0.89		%	0.50		%	1.23		%	1.04		%	1.07		%					0.96		%	1.11		%
Latin America	1.68		%	1.54		%	2.12		%	2.25		%	2.76		%					1.72		%	2.38		%
Asia(2)	1.15		%	1.04		%	1.44		%	1.25		%	1.27		%					1.10		%	1.32		%
Corporate/Other	(0.32		)%	(76.53		)%	(0.38		)%	(0.06		)%	(0.27		)%					0.00		%	(0.23		)%
Total	0.87		%	(3.93		)%	0.98		%	0.94		%	0.95		%					0.87		%	0.96		%

(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)

																3Q18 Increase/				Nine			Nine			YTD 2018 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017(1)			2018			2018			2018			2Q18		3Q17		2017			2018			(Decrease)

Net Interest Revenue	$	7,071		$	7,015		$	6,980		$	7,019		$	7,236		3	%	2	%	$	20,410		$	21,235		4	%
Non-Interest Revenue	1,399			1,434			1,453			1,231			1,418			15	%	1	%	3,979			4,102			3	%
Total Revenues, Net of Interest Expense	8,470			8,449			8,433			8,250			8,654			5	%	2	%	24,389			25,337			4	%
Total Operating Expenses	4,452			4,563			4,681			4,655			4,661			—		5	%	13,440			13,997			4	%
Net Credit Losses	1,704			1,640			1,736			1,726			1,714			(1	)%	1	%	4,922			5,176			5	%
Credit Reserve Build / (Release)	486			177			144			154			186			21	%	(62	)%	788			484			(39	)%
Provision for Unfunded Lending Commitments	(5		)	(2		)	(1		)	3			6			100	%	NM		—			8			NM
Provision for Benefits and Claims	28			36			26			22			27			23	%	(4	)%	80			75			(6	)%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	2,213			1,851			1,905			1,905			1,933			1	%	(13	)%	5,790			5,743			(1	)%
Income from Continuing Operations before Taxes	1,805			2,035			1,847			1,690			2,060			22	%	14	%	5,159			5,597			8	%
Income Taxes (2)	635			1,453			453			411			493			20	%	(22	)%	1,863			1,357			(27	)%
Income from Continuing Operations	1,170			582			1,394			1,279			1,567			23	%	34	%	3,296			4,240			29	%
Noncontrolling Interests	2			2			2			1			1			—		(50	)%	7			4			(43	)%
Net Income	$	1,168		$	580		$	1,392		$	1,278		$	1,566		23	%	34	%	$	3,289		$	4,236		29	%
EOP Assets (in billions of dollars)	$	419		$	428		$	423		$	422		$	427		1	%	2	%
Average Assets (in billions of dollars)	$	421		$	423		$	423		$	417		$	424		2	%	1	%	$	415		$	421		1	%
Return on Average Assets (ROA)	1.10		%	0.54		%	1.33		%	1.23		%	1.47		%					1.06		%	1.35		%
Efficiency Ratio	53		%	54		%	56		%	56		%	54		%					55		%	55		%

Net Credit Losses as a % of Average Loans	2.26		%	2.15		%	2.30		%	2.28		%	2.22		%					2.24		%	2.27		%

Revenue by Business
Retail Banking	$	3,521		$	3,458		$	3,471		$	3,489		$	3,717		7	%	6	%	$	10,024		$	10,677		7	%
Cards (3)	4,949			4,991			4,962			4,761			4,937			4	%	—		14,365			14,660			2	%
Total	$	8,470		$	8,449		$	8,433		$	8,250		$	8,654		5	%	2	%	$	24,389		$	25,337		4	%

Net Credit Losses by Business
Retail Banking	$	300		$	243		$	232		$	228		$	243		7	%	(19	)%	$	780		$	703		(10	)%
Cards (3)	1,404			1,397			1,504			1,498			1,471			(2	)%	5	%	4,142			4,473			8	%
Total	$	1,704		$	1,640		$	1,736		$	1,726		$	1,714		(1	)%	1	%	$	4,922		$	5,176		5	%

Income from Continuing Operations by Business
Retail Banking	$	546		$	358		$	524		$	580		$	666		15	%	22	%	$	1,298		$	1,770		36	%
Cards (3)	624			224			870			699			901			29	%	44	%	1,998			2,470			24	%
Total	$	1,170		$	582		$	1,394		$	1,279		$	1,567		23	%	34	%	$	3,296		$	4,240		29	%

Foreign Currency (FX) Translation Impact:
Total Revenue - as Reported	$	8,470		$	8,449		$	8,433		$	8,250		$	8,654		5	%	2	%	$	24,389		$	25,337		4	%
Impact of FX Translation (4)	(106		)	(30		)	(111		)	10			—							(11		)	—
Total Revenues - Ex-FX (4)	$	8,364		$	8,419		$	8,322		$	8,260		$	8,654		5	%	3	%	$	24,378		$	25,337		4	%

Total Operating Expenses - as Reported	$	4,452		$	4,563		$	4,681		$	4,655		$	4,661		—		5	%	$	13,440		$	13,997		4	%
Impact of FX Translation (4)	(53		)	(23		)	(63		)	(2		)	—							15			—
Total Operating Expenses - Ex-FX (4)	$	4,399		$	4,540		$	4,618		$	4,653		$	4,661		—		6	%	$	13,455		$	13,997		4	%

Total Provisions for LLR & PBC - as Reported	$	2,213		$	1,851		$	1,905		$	1,905		$	1,933		1	%	(13	)%	$	5,790		$	5,743		(1	)%
Impact of FX Translation (4)	(23		)	(1		)	(13		)	6			—							(12		)	—
Total Provisions for LLR & PBC - Ex-FX (4)	$	2,190		$	1,850		$	1,892		$	1,911		$	1,933		1	%	(12	)%	$	5,778		$	5,743		(1	)%

Net Income - as Reported	$	1,168		$	580		$	1,392		$	1,278		$	1,566		23	%	34	%	$	3,289		$	4,236		29	%
Impact of FX Translation (4)	(18		)	(4		)	(27		)	3			—							(9		)	—
Net Income - Ex-FX (4)	$	1,150		$	576		$	1,365		$	1,281		$	1,566		22	%	36	%	$	3,280		$	4,236		29	%

(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 third quarter of 2018 and year-to-date 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

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

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

Branches (actual)	2,474			2,451			2,433			2,428			2,417			—		(2	)%
Accounts (in millions)	53.2			52.9			53.2			53.9			54.0			—		2	%
Average Deposits	$	308.1		$	306.5		$	308.9		$	305.8		$	307.2		—		—
Investment Sales	$	25.3		$	23.7		$	27.1		$	23.9		$	23.7		(1	)%	(6	)%
Investment Assets under Management (AUMs)	$	158.2		$	160.9		$	163.5		$	162.7		$	169.0		4	%	7	%
Average Loans	$	144.3		$	145.1		$	147.1		$	145.6		$	145.9		—		1	%
EOP Loans:
Mortgages	$	81.4		$	81.7		$	82.1		$	80.5		$	80.9		—		(1	)%
Commercial Banking	35.5			36.3			36.8			36.5			37.2			2	%	5	%
Personal and Other	27.3			27.9			28.5			28.1			28.7			2	%	5	%
EOP Loans	$	144.2		$	145.9		$	147.4		$	145.1		$	146.8		1	%	2	%

Total Net Interest Revenue (in millions) (1)	$	2,383		$	2,345		$	2,356		$	2,425		$	2,424		—		2	%
As a % of Average Loans	6.55		%	6.41		%	6.50		%	6.68		%	6.59		%

Net Credit Losses (in millions)	$	300		$	243		$	232		$	228		$	243		7	%	(19	)%
As a % of Average Loans	0.82		%	0.66		%	0.64		%	0.63		%	0.66		%
Loans 90+ Days Past Due (in millions) (2)	$	489		$	515		$	493		$	500		$	508		2	%	4	%
As a % of EOP Loans	0.34		%	0.35		%	0.34		%	0.35		%	0.35		%
Loans 30-89 Days Past Due (in millions) (2)	$	805		$	822		$	830		$	754		$	857		14	%	6	%
As a % of EOP Loans	0.56		%	0.57		%	0.57		%	0.52		%	0.58		%

Cards Key Indicators (in millions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	141.2			141.7			140.3			140.2			141.3			1	%	—
Purchase Sales (in billions)	$	124.9		$	136.3		$	121.7		$	133.6		$	134.9		1	%	8	%

Average Loans (in billions) (3)	$	155.4		$	158.2		$	159.2		$	157.5		$	160.9		2	%	4	%
EOP Loans (in billions) (3)	$	156.6		$	164.9		$	156.6		$	160.9		$	162.2		1	%	4	%
Average Yield (4)	12.87		%	12.70		%	12.98		%	13.09		%	13.37		%
Total Net Interest Revenue (5)	$	4,688		$	4,651		$	4,615		$	4,594		$	4,812		5	%	3	%
As a % of Average Loans (5)	11.97		%	11.66		%	11.76		%	11.70		%	11.87		%
Net Credit Losses	$	1,404		$	1,397		$	1,504		$	1,498		$	1,471		(2	)%	5	%
As a % of Average Loans	3.58		%	3.50		%	3.83		%	3.81		%	3.63		%
Net Credit Margin (6)	$	3,542		$	3,569		$	3,451		$	3,263		$	3,467		6	%	(2	)%
As a % of Average Loans (6)	9.04		%	8.95		%	8.79		%	8.31		%	8.55		%
Loans 90+ Days Past Due	$	1,790		$	1,963		$	1,886		$	1,845		$	1,896		3	%	6	%
As a % of EOP Loans	1.14		%	1.19		%	1.20		%	1.15		%	1.17		%
Loans 30-89 Days Past Due	$	1,958		$	1,940		$	1,880		$	1,804		$	2,033		13	%	4	%
As a % of EOP Loans	1.25		%	1.18		%	1.20		%	1.12		%	1.25		%

(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 exclude 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)

																3Q18 Increase/				Nine			Nine			YTD 2018 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017(1)			2018			2018			2018			2Q18		3Q17		2017			2018			(Decrease)

Net Interest Revenue	$	4,825		$	4,805		$	4,750		$	4,780		$	4,984		4	%	3	%	$	14,074		$	14,514		3	%
Non-Interest Revenue	372			377			407			224			145			(35	)%	(61	)%	1,014			776			(23	)%
Total Revenues, Net of Interest Expense	5,197			5,182			5,157			5,004			5,129			2	%	(1	)%	15,088			15,290			1	%
Total Operating Expenses	2,482			2,568			2,645			2,666			2,668			—		7	%	7,677			7,979			4	%
Net Credit Losses	1,239			1,186			1,296			1,278			1,242			(3	)%	—		3,610			3,816			6	%
Credit Reserve Build / (Release)	463			153			123			115			116			1	%	(75	)%	716			354			(51	)%
Provision for Unfunded Lending Commitments	(3		)	(2		)	(4		)	2			5			NM		NM		6			3			(50	)%
Provision for Benefits and Claims	9			10			6			5			5			—		(44	)%	23			16			(30	)%
Provisions for Loan Losses and for Benefits and Claims	1,708			1,347			1,421			1,400			1,368			(2	)%	(20	)%	4,355			4,189			(4	)%
Income from Continuing Operations before Taxes	1,007			1,267			1,091			938			1,093			17	%	9	%	3,056			3,122			2	%
Income Taxes (2)	365			1,190			253			219			243			11	%	(33	)%	1,143			715			(37	)%
Income from Continuing Operations	642			77			838			719			850			18	%	32	%	1,913			2,407			26	%
Noncontrolling Interests	—			(1		)	—			—			—			—		—		—			—			—
Net Income	$	642		$	78		$	838		$	719		$	850		18	%	32	%	$	1,913		$	2,407		26	%
Average Assets (in billions)	$	250		$	254		$	248		$	244		$	249		2	%	—		$	246		$	247		—
Return on Average Assets	1.02		%	0.12		%	1.37		%	1.18		%	1.35		%					1.04		%	1.30		%
Efficiency Ratio	48		%	50		%	51		%	53		%	52		%					51		%	52		%

Net Credit Losses as a % of Average Loans	2.63		%	2.48		%	2.77		%	2.72		%	2.56		%					2.62		%	2.68		%

Revenue by Business
Retail Banking	$	1,366		$	1,349		$	1,307		$	1,348		$	1,329		(1	)%	(3	)%	$	3,916		$	3,984		2	%
Citi-Branded Cards	2,178			2,225			2,232			2,062			2,108			2	%	(3	)%	6,353			6,402			1	%
Citi Retail Services	1,653			1,608			1,618			1,594			1,692			6	%	2	%	4,819			4,904			2	%
Total	$	5,197		$	5,182		$	5,157		$	5,004		$	5,129		2	%	(1	)%	$	15,088		$	15,290		1	%

Net Credit Losses by Business
Retail Banking	$	88		$	30		$	43		$	32		$	32		—		(64	)%	$	164		$	107		(35	)%
Citi-Branded Cards	611			592			651			657			644			(2	)%	5	%	1,855			1,952			5	%
Citi Retail Services	540			564			602			589			566			(4	)%	5	%	1,591			1,757			10	%
Total	$	1,239		$	1,186		$	1,296		$	1,278		$	1,242		(3	)%	—		$	3,610		$	3,816		6	%

Income from Continuing Operations by Business
Retail Banking	$	169		$	41		$	140		$	161		$	131		(19	)%	(22	)%	$	371		$	432		16	%
Citi-Branded Cards	342			119			425			309			375			21	%	10	%	890			1,109			25	%
Citi Retail Services	131			(83		)	273			249			344			38	%	NM		652			866			33	%
Total	$	642		$	77		$	838		$	719		$	850		18	%	32	%	$	1,913		$	2,407		26	%

(1) See footnote 1 on page 1.

(2) Income taxes in the fourth quarter of 2017 include $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

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

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

Branches (actual)	695			694			694			693			692			—		—
Accounts (in millions)	9.4			9.2			9.1			9.1			9.0			(1	)%	(4	)%
Average Deposits	$	184.1		$	182.7		$	180.9		$	179.9		$	180.2		—		(2	)%
Investment Sales	$	6.7		$	7.0		$	8.4		$	7.8		$	7.9		1	%	18	%
Investment AUMs	$	58.6		$	60.3		$	60.5		$	61.1		$	63.7		4	%	9	%

Average Loans	$	55.7		$	56.0		$	55.7		$	55.6		$	56.0		1	%	1	%

EOP Loans:
Mortgages	$	44.2		$	44.3		$	44.2		$	44.4		$	44.6		—		1	%
Commercial Banking	9.4			9.5			9.1			9.1			9.3			2	%	(1	)%
Personal and Other	2.1			2.2			2.1			2.2			2.4			9	%	14	%
Total EOP Loans	$	55.7		$	56.0		$	55.4		$	55.7		$	56.3		1	%	1	%

Mortgage Originations (1)	$	3.2		$	3.0		$	2.3		$	2.6		$	2.7		4	%	(16	)%

Third Party Mortgage Servicing Portfolio (EOP)	$	49.1		$	47.3		$	46.0		$	45.7		$	45.4		(1	)%	(8	)%

Net Servicing & Gain/(Loss) on Sale (in millions)	$	47.3		$	69.1		$	33.4		$	33.6		$	32.0		(5	)%	(32	)%

Saleable Mortgage Rate Locks	$	1.7		$	1.3		$	1.2		$	1.3		$	1.1		(15	)%	(35	)%

Net Interest Revenue on Loans (in millions)	$	253		$	235		$	232		$	226		$	216		(4	)%	(15	)%
As a % of Avg. Loans	1.80		%	1.66		%	1.69		%	1.63		%	1.53		%

Net Credit Losses (in millions)	$	88		$	30		$	43		$	32		$	32		—		(64	)%
As a % of Avg. Loans	0.63		%	0.21		%	0.31		%	0.23		%	0.23		%

Loans 90+ Days Past Due (in millions) (2)	$	167		$	199		$	184		$	179		$	188		5	%	13	%
As a % of EOP Loans	0.30		%	0.36		%	0.34		%	0.33		%	0.33		%
Loans 30-89 Days Past Due (in millions) (2)	$	270		$	306		$	227		$	252		$	320		27	%	19	%
As a % of EOP Loans	0.49		%	0.55		%	0.41		%	0.46		%	0.57		%

(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 $289 million and ($0.7 billion), $298 million and ($0.7 billion), $272 million and ($0.7 billion), $244 million and ($0.7 billion), and $235 million and ($0.7 billion) as of September 30, 2017, December 31, 2017, March 31, 2018, June 30, 2018 and September 30, 2018, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $79 million and ($0.7 billion), $88 million and ($0.7 billion), $92 million and ($0.7 billion), $87 million and ($0.7 billion), and $82 million and ($0.7 billion) as of September 30, 2017, December 31, 2017, March 31, 2018, June 30, 2018 and September 30, 2018, respectively.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3

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

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts (in millions)	33.9			34.2			33.9			34.1			34.3			1	%	1	%
Purchase Sales (in billions)	$	80.4		$	86.3		$	78.6		$	86.4		$	87.3		1	%	9	%

Average Loans (in billions) (1)	$	85.4		$	86.8		$	86.9		$	86.6		$	87.8		1	%	3	%

EOP Loans (in billions) (1)	$	86.3		$	90.5		$	85.7		$	88.1		$	88.4		—		2	%

Average Yield (2)	9.70		%	9.63		%	9.79		%	9.94		%	10.34		%
Total Net Interest Revenue (3)	$	1,849		$	1,854		$	1,800		$	1,788		$	1,883		5	%	2	%
As a % of Avg. Loans (3)	8.59		%	8.47		%	8.40		%	8.28		%	8.51		%
Net Credit Losses	$	611		$	592		$	651		$	657		$	644		(2	)%	5	%
As a % of Average Loans	2.84		%	2.71		%	3.04		%	3.04		%	2.91		%
Net Credit Margin (4)	$	1,564		$	1,610		$	1,573		$	1,403		$	1,462		4	%	(7	)%
As a % of Avg. Loans (4)	7.27		%	7.36		%	7.34		%	6.50		%	6.61		%
Loans 90+ Days Past Due	$	668		$	768		$	731		$	712		$	707		(1	)%	6	%
As a % of EOP Loans	0.77		%	0.85		%	0.85		%	0.81		%	0.80		%
Loans 30-89 Days Past Due	$	705		$	698		$	669		$	627		$	722		15	%	2	%
As a % of EOP Loans	0.82		%	0.77		%	0.78		%	0.71		%	0.82		%

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

Total Revenues, Net of Interest Expense	$	2,139		$	2,186		$	2,071		$	2,062		$	2,108		2	%	(1	)%
Purchase Sales (in billions)	$	78.9		$	84.8		$	78.3		$	86.4		$	87.3		1	%	11	%
Average Loans (in billions) (1)	$	84.2		$	86.4		$	86.9		$	86.6		$	87.8		1	%	4	%
EOP Loans (in billions) (1)	$	85.1		$	90.5		$	85.7		$	88.1		$	88.4		—		4	%

Average Yield (2)	9.69		%	9.62		%	9.79		%	9.94		%	10.34		%	4	%	7	%
Total Net Interest Revenue (3)	$	1,821		$	1,845		$	1,800		$	1,788		1,883			5	%	3	%
As a % of Avg. Loans (3)	8.58		%	8.47		%	8.40		%	8.28		%	8.51		%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	86.0			86.4			85.4			85.1			85.9			1	%	—
Purchase Sales (in billions)	$	20.0		$	23.6		$	17.4		$	21.6		$	22.1		2	%	11	%

Average Loans (in billions) (1)	$	45.6		$	46.9		$	47.1		$	46.6		$	49.0		5	%	7	%

EOP Loans (in billions) (1)	$	45.9		$	49.2		$	46.0		$	48.6		$	49.4		2	%	8	%

Average Yield (2)	17.51		%	17.06		%	17.68		%	17.82		%	17.83		%
Total Net Interest Revenue (3)	$	1,986		$	1,954		$	1,973		$	1,970		$	2,099		7	%	6	%
As a % of Avg. Loans (3)	17.28		%	16.53		%	16.99		%	16.96		%	17.00		%
Net Credit Losses	$	540		$	564		$	602		$	589		$	566		(4	)%	5	%
As a % of Average Loans	4.70		%	4.77		%	5.18		%	5.07		%	4.58		%
Net Credit Margin (4)	$	1,108		$	1,038		$	1,012		$	1,002		$	1,123		12	%	1	%
As a % of Avg. Loans (4)	9.64		%	8.78		%	8.71		%	8.62		%	9.09		%
Loans 90+ Days Past Due	$	772		$	845		$	797		$	781		$	832		7	%	8	%
As a % of EOP Loans	1.68		%	1.72		%	1.73		%	1.61		%	1.68		%
Loans 30-89 Days Past Due	$	836		$	830		$	791		$	761		$	890		17	%	6	%
As a % of EOP Loans	1.82		%	1.69		%	1.72		%	1.57		%	1.80		%

(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, on October 23, 2017, Citi signed an agreement to sell the Hilton credit card portfolio ($1.2 billion in outstanding loan balances). These loans were reclassified as held-for-sale and recorded in Other assets as of November 1, 2017 until the sale closed during the first quarter of 2018.

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)

																3Q18 Increase/				Nine			Nine			YTD 2018 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2018			2018			2018			2Q18		3Q17		2017			2018			(Decrease)
Net Interest Revenue	$	1,038		$	991		$	997		$	1,013		$	1,042		3	%	—		$	2,853		$	3,052		7	%
Non-Interest Revenue (2)	350			368			350			368			628			71	%	79	%	1,010			1,346			33	%
Total Revenues, Net of Interest Expense	1,388			1,359			1,347			1,381			1,670			21	%	20	%	3,863			4,398			14	%
Total Operating Expenses	779			768			759			782			828			6	%	6	%	2,191			2,369			8	%
Net Credit Losses	295			292			278			278			307			10	%	4	%	825			863			5	%
Credit Reserve Build / (Release)	44			19			42			33			31			(6	)%	(30	)%	106			106			—
Provision for Unfunded Lending Commitments	(1		)	1			1			—			—			—		100	%	(2		)	1			NM
Provision for Benefits and Claims	19			26			20			17			22			29	%	16	%	57			59			4	%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	357			338			341			328			360			10	%	1	%	986			1,029			4	%
Income from Continuing Operations before Taxes	252			253			247			271			482			78	%	91	%	686			1,000			46	%
Income Taxes	83			88			64			71			148			NM		78	%	241			283			17	%
Income from Continuing Operations	169			165			183			200			334			67	%	98	%	445			717			61	%
Noncontrolling Interests	1			1			—			—			—			—		(100	)%	4			—			(100	)%
Net Income	$	168		$	164		$	183		$	200		$	334		67	%	99	%	$	441		$	717		63	%
Average Assets (in billions of dollars)	$	47		$	44		$	44		$	43		$	45		5	%	(4	)%	$	45		$	44		(2	)%
Return on Average Assets	1.42		%	1.48		%	1.69		%	1.87		%	2.94		%					1.31		%	2.18		%
Efficiency Ratio	56		%	57		%	56		%	57		%	50		%					57		%	54		%

Net Credit Losses as a % of Average Loans	4.37		%	4.51		%	4.29		%	4.37		%	4.63		%					4.39		%	4.44		%

Revenue by Business
Retail Banking	$	992		$	971		$	966		$	999		$	1,265		27	%	28	%	$	2,781		$	3,230		16	%
Citi-Branded Cards	396			388			381			382			405			6	%	2	%	1,082			1,168			8	%
Total	$	1,388		$	1,359		$	1,347		$	1,381		$	1,670		21	%	20	%	$	3,863		$	4,398		14	%


Net Credit Losses by Business
Retail Banking	$	143		$	153		$	132		$	138		$	153		11	%	7	%	$	431		$	423		(2	)%
Citi-Branded Cards	152			139			146			140			154			10	%	1	%	394			440			12	%
Total	$	295		$	292		$	278		$	278		$	307		10	%	4	%	$	825		$	863		5	%


Income from Continuing Operations by Business
Retail Banking	$	129		$	116		$	138		$	155		$	279		80	%	NM		$	310		$	572		85	%
Citi-Branded Cards	40			49			45			45			55			22	%	38	%	135			145			7	%
Total	$	169		$	165		$	183		$	200		$	334		67	%	98	%	$	445		$	717		61	%

FX Translation Impact:
Total Revenue - as Reported	$	1,388		$	1,359		$	1,347		$	1,381		$	1,670		21	%	20	%	$	3,863		$	4,398		14	%
Impact of FX Translation (3)	(66		)	21			(19		)	42			—							(45		)	—
Total Revenues - Ex-FX (3)	$	1,322		$	1,380		$	1,328		$	1,423		$	1,670		17	%	26	%	$	3,818		$	4,398		15	%

Total Operating Expenses - as Reported	$	779		$	768		$	759		$	782		$	828		6	%	6	%	$	2,191		$	2,369		8	%
Impact of FX Translation (3)	(31		)	9			(10		)	21			—							(21		)	—
Total Operating Expenses - Ex-FX (3)	$	748		$	777		$	749		$	803		$	828		3	%	11	%	$	2,170		$	2,369		9	%

Provisions for LLR & PBC - as Reported	$	357		$	338		$	341		$	328		$	360		10	%	1	%	$	986		$	1,029		4	%
Impact of FX Translation (3)	(17		)	5			(5		)	10			—							(12		)	—
Provisions for LLR & PBC - Ex-FX (3)	$	340		$	343		$	336		$	338		$	360		7	%	6	%	$	974		$	1,029		6	%

Net Income - as Reported	$	168		$	164		$	183		$	200		$	334		67	%	99	%	$	441		$	717		63	%
Impact of FX Translation (3)	(11		)	4			(3		)	7			—							(9		)	—
Net Income - Ex-FX (3)	$	157		$	168		$	180		$	207		$	334		61	%	NM		$	432		$	717		66	%

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

(2) Third quarter of 2018 includes an approximately $250 million gain on the sale of an asset management business.

(3) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the third quarter of 2018 and year-to-date 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

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

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

Branches (actual)	1,497			1,479			1,462			1,462			1,463			—		(2	)%
Accounts (in millions)	27.6			27.7			28.2			28.9			29.1			1	%	5	%
Average Deposits	$	28.8		$	27.8		$	28.9		$	28.3		$	29.4		4	%	2	%
Investment Sales	$	6.8		$	6.0		$	6.2		$	6.6		$	6.7		2	%	(1	)%
Investment AUMs	$	34.8		$	32.1		$	34.0		$	33.1		$	35.5		7	%	2	%
Average Loans	$	21.2		$	20.3		$	20.7		$	20.1		$	20.7		3	%	(2	)%
EOP Loans:
Mortgages	$	4.6		$	4.1		$	4.5		$	4.1		$	4.3		5	%	(7	)%
Commercial Banking	10.3			10.0			10.5			10.2			10.6			4	%	3	%
Personal and Other	6.1			5.8			6.2			5.8			6.1			5	%	—
Total EOP Loans	$	21.0		$	19.9		$	21.2		$	20.1		$	21.0		4	%	—

Total Net Interest Revenue (in millions) (1)	$	703		$	672		$	680		$	687		$	711		3	%	1	%
As a % of Average Loans (1)	13.16		%	13.13		%	13.32		%	13.71		%	13.63		%
Net Credit Losses (in millions)	$	143		$	153		$	132		$	138		$	153		11	%	7	%
As a % of Average Loans	2.68		%	2.99		%	2.59		%	2.75		%	2.93		%
Loans 90+ Days Past Due (in millions)	$	151		$	130		$	128		$	132		$	126		(5	)%	(17	)%
As a % of EOP Loans	0.72		%	0.65		%	0.60		%	0.66		%	0.60		%
Loans 30-89 Days Past Due (in millions)	$	244		$	195		$	248		$	183		$	235		28	%	(4	)%
As a % of EOP Loans	1.16		%	0.98		%	1.17		%	0.91		%	1.12		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	5.7			5.6			5.7			5.7			5.7			—		—
Purchase Sales (in billions)	$	4.2		$	4.5		$	4.2		$	4.3		$	4.6		7	%	10	%
Average Loans (in billions) (2)	$	5.6		$	5.4		$	5.6		$	5.4		$	5.6		4	%	—
EOP Loans (in billions) (2)	$	5.6		$	5.4		$	5.7		$	5.4		$	5.8		7	%	4	%
Average Yield (3)	24.01		%	24.18		%	24.12		%	24.49		%	24.44		%	—		2	%

Total Net Interest Revenue (in millions) (4)	$	335		$	319		$	317		$	326		$	331		2	%	(1	)%
As a % of Average Loans (4)	23.73		%	23.44		%	22.96		%	24.21		%	23.45		%
Net Credit Losses (in millions)	$	152		$	139		$	146		$	140		$	154		10	%	1	%
As a % of Average Loans	10.77		%	10.21		%	10.57		%	10.40		%	10.91		%
Net Credit Margin (in millions) (5)	$	249		$	253		$	240		$	247		$	257		4	%	3	%
As a % of Average Loans (5)	17.64		%	18.59		%	17.38		%	18.35		%	18.21		%
Loans 90+ Days Past Due (in millions)	$	159		$	151		$	160		$	160		$	169		6	%	6	%
As a % of EOP Loans	2.84		%	2.80		%	2.81		%	2.96		%	2.91		%
Loans 30-89 Days Past Due (in millions)	$	163		$	153		$	160		$	156		$	170		9	%	4	%
As a % of EOP Loans	2.91		%	2.83		%	2.81		%	2.89		%	2.93		%

(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)

																3Q18 Increase/				Nine			Nine			YTD 2018 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2018			2018			2018			2Q18		3Q17		2017			2018			(Decrease)

Net Interest Revenue	$	1,208		$	1,219		$	1,233		$	1,226		$	1,210		(1	)%	—		$	3,483		$	3,669		5	%
Non-Interest Revenue	677			689			696			639			645			1	%	(5	)%	1,955			1,980			1	%
Total Revenues, Net of Interest Expense	1,885			1,908			1,929			1,865			1,855			(1	)%	(2	)%	5,438			5,649			4	%
Total Operating Expenses	1,191			1,227			1,277			1,207			1,165			(3	)%	(2	)%	3,572			3,649			2	%
Net Credit Losses	170			162			162			170			165			(3	)%	(3	)%	487			497			2	%
Credit Reserve Build / (Release)	(21		)	5			(21		)	6			39			NM		NM		(34		)	24			NM
Provision for Unfunded Lending Commitments	(1		)	(1		)	2			1			1			—		NM		(4		)	4			NM
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	148			166			143			177			205			16	%	39	%	449			525			17	%
Income from Continuing Operations before Taxes	546			515			509			481			485			1	%	(11	)%	1,417			1,475			4	%
Income Taxes	187			175			136			121			102			(16	)%	(45	)%	479			359			(25	)%
Income from Continuing Operations	359			340			373			360			383			6	%	7	%	938			1,116			19	%
Noncontrolling Interests	1			2			2			1			1			—		—		3			4			33	%
Net Income	$	358		$	338		$	371		$	359		$	382		6	%	7	%	$	935		$	1,112		19	%
Average Assets (in billions)	$	124		$	125		$	131		$	130		$	130		—		5	%	$	124		$	130		5	%
Return on Average Assets	1.15		%	1.07		%	1.15		%	1.11		%	1.17		%					1.01		%	1.14		%
Efficiency Ratio	63		%	64		%	66		%	65		%	63		%					66		%	65		%

Net Credit Losses as a % of Average Loans	0.78		%	0.73		%	0.73		%	0.77		%	0.75		%					0.77		%	0.75		%

Revenue by Business
Retail Banking	$	1,163		$	1,138		$	1,198		$	1,142		$	1,123		(2	)%	(3	)%	$	3,327		$	3,463		4	%
Citi-Branded Cards	722			770			731			723			732			1	%	1	%	2,111			2,186			4	%
Total	$	1,885		$	1,908		$	1,929		$	1,865		$	1,855		(1	)%	(2	)%	$	5,438		$	5,649		4	%


Net Credit Losses by Business
Retail Banking	$	69		$	60		$	57		$	58		$	58		—		(16	)%	$	185		$	173		(6	)%
Citi-Branded Cards	101			102			105			112			107			(4	)%	6	%	302			324			7	%
Total	$	170		$	162		$	162		$	170		$	165		(3	)%	(3	)%	$	487		$	497		2	%


Income from Continuing Operations by Business
Retail Banking	$	248		$	201		$	246		$	264		$	256		(3	)%	3	%	$	617		$	766		24	%
Citi-Branded Cards	111			139			127			96			127			32	%	14	%	321			350			9	%
Total	$	359		$	340		$	373		$	360		$	383		6	%	7	%	$	938		$	1,116		19	%

FX Translation Impact:
Total Revenue - as Reported	$	1,885		$	1,908		$	1,929		$	1,865		$	1,855		(1	)%	(2	)%	$	5,438		$	5,649		4	%
Impact of FX Translation (2)	(40		)	(51		)	(92		)	(32		)	—							34			—
Total Revenues - Ex-FX (2)	$	1,845		$	1,857		$	1,837		$	1,833		$	1,855		1	%	1	%	$	5,472		$	5,649		3	%

Total Operating Expenses - as Reported	$	1,191		$	1,227		$	1,277		$	1,207		$	1,165		(3	)%	(2	)%	$	3,572		$	3,649		2	%
Impact of FX Translation (2)	(22		)	(32		)	(53		)	(23		)	—							36			—
Total Operating Expenses - Ex-FX (2)	$	1,169		$	1,195		$	1,224		$	1,184		$	1,165		(2	)%	—		$	3,608		$	3,649		1	%

Provisions for LLR & PBC - as Reported	$	148		$	166		$	143		$	177		$	205		16	%	39	%	$	449		$	525		17	%
Impact of FX Translation (2)	(6		)	(6		)	(8		)	(4		)	—							—			—
Provisions for LLR & PBC - Ex-FX (2)	$	142		$	160		$	135		$	173		$	205		18	%	44	%	$	449		$	525		17	%

Net Income - as Reported	$	358		$	338		$	371		$	359		$	382		6	%	7	%	$	935		$	1,112		19	%
Impact of FX Translation (2)	(7		)	(8		)	(24		)	(4		)	—							—			—
Net Income - Ex-FX (2)	$	351		$	330		$	347		$	355		$	382		8	%	9	%	$	935		$	1,112		19	%

(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 third quarter of 2018 and year-to-date 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

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

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

Branches (actual)	282			278			277			273			262			(4	)%	(7	)%
Accounts (in millions)	16.2			16.0			15.9			15.9			15.9			—		(2	)%
Average Deposits	$	95.2		$	96.0		$	99.1		$	97.6		$	97.6		—		3	%
Investment Sales	$	11.8		$	10.7		$	12.5		$	9.5		$	9.1		(4	)%	(23	)%
Investment AUMs	$	64.8		$	68.5		$	69.0		$	68.5		$	69.8		2	%	8	%
Average Loans	$	67.4		$	68.8		$	70.7		$	69.9		$	69.2		(1	)%	3	%
EOP Loans:
Mortgages	$	32.6		$	33.3		$	33.4		$	32.0		$	32.0		—		(2	)%
Commercial Banking	15.8			16.8			17.2			17.2			17.3			1	%	9	%
Personal and Other	19.1			19.9			20.2			20.1			20.2			—		6	%
Total EOP Loans	$	67.5		$	70.0		$	70.8		$	69.3		$	69.5		—		3	%

Total Net Interest Revenue (in millions) (2)	$	690		$	695		$	708		$	716		$	711		(1	)%	3	%
As a % of Average Loans (2)	4.06		%	4.01		%	4.06		%	4.11		%	4.08		%
Net Credit Losses (in millions)	$	69		$	60		$	57		$	58		$	58		—		(16	)%
As a % of Average Loans	0.41		%	0.35		%	0.33		%	0.33		%	0.33		%
Loans 90+ Days Past Due (in millions)	$	171		$	186		$	181		$	189		$	194		3	%	13	%
As a % of EOP Loans	0.25		%	0.27		%	0.26		%	0.27		%	0.28		%
Loans 30-89 Days Past Due (in millions)	$	291		$	321		$	355		$	319		$	302		(5	)%	4	%
As a % of EOP Loans	0.43		%	0.46		%	0.50		%	0.46		%	0.43		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	15.6			15.5			15.3			15.3			15.4			1	%	(1	)%
Purchase Sales (in billions)	$	20.3		$	21.9		$	21.5		$	21.3		$	20.9		(2	)%	3	%
Average Loans (in billions) (3)	$	18.8		$	19.1		$	19.6		$	18.9		$	18.5		(2	)%	(2	)%
EOP Loans (in billions) (3)	$	18.8		$	19.8		$	19.2		$	18.8		$	18.6		(1	)%	(1	)%
Average Yield (4)	12.71		%	12.67		%	12.65		%	12.55		%	12.49		%	—		(2	)%

Total Net Interest Revenue (in millions) (5)	$	518		$	524		$	525		$	510		$	499		(2	)%	(4	)%
As a % of Average Loans (6)	10.93		%	10.88		%	10.86		%	10.82		%	10.70		%
Net Credit Losses (in millions)	$	101		$	102		$	105		$	112		$	107		(4	)%	6	%
As a % of Average Loans	2.13		%	2.12		%	2.17		%	2.38		%	2.29		%
Net Credit Margin (in millions) (6)	$	621		$	668		$	626		$	611		$	625		2	%	1	%
As a % of Average Loans (6)	13.11		%	13.88		%	12.95		%	12.97		%	13.40		%
Loans 90+ Days Past Due	$	191		$	199		$	198		$	192		$	188		(2	)%	(2	)%
As a % of EOP Loans	1.02		%	1.01		%	1.03		%	1.02		%	1.01		%
Loans 30-89 Days Past Due	$	254		$	259		$	260		$	260		$	251		(3	)%	(1	)%
As a % of EOP Loans	1.35		%	1.31		%	1.35		%	1.38		%	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)

																3Q18 Increase/				Nine			Nine			YTD 2018 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017(1)			2018			2018			2018			2Q18		3Q17		2017			2018			(Decrease)

Commissions and Fees	$	1,100		$	1,088		$	1,213		$	1,127		$	1,085		(4	)%	(1	)%	$	3,230		$	3,425		6	%
Administration and Other Fiduciary Fees	688			671			694			713			686			(4	)%	—		1,997			2,093			5	%
Investment Banking	1,163			1,145			985			1,246			1,029			(17	)%	(12	)%	3,516			3,260			(7	)%
Principal Transactions	1,827			1,303			2,884			2,358			2,447			4	%	34	%	6,709			7,689			15	%
Other(2)	704			228			418			154			(18		)	NM		NM		951			554			(42	)%
Total Non-Interest Revenue	5,482			4,435			6,194			5,598			5,229			(7	)%	(5	)%	16,403			17,021			4	%
Net Interest Revenue (including Dividends)	3,948			3,869			3,654			4,093			4,012			(2	)%	2	%	11,767			11,759			—
Total Revenues, Net of Interest Expense	9,430			8,304			9,848			9,691			9,241			(5	)%	(2	)%	28,170			28,780			2	%
Total Operating Expenses	5,138			4,912			5,503			5,458			5,191			(5	)%	1	%	15,503			16,152			4	%
Net Credit Losses	44			225			105			(1		)	23			NM		(48	)%	140			127			(9	)%
Credit Reserve Build / (Release)	(38		)	8			(175		)	32			7			(78	)%	NM		(229		)	(136		)	41	%
Provision for Unfunded Lending Commitments	(170		)	34			29			(6		)	41			NM		NM		(193		)	64			NM
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims	(164		)	267			(41		)	25			71			NM		NM		(282		)	55			NM
Income from Continuing Operations before Taxes	4,456			3,125			4,386			4,208			3,979			(5	)%	(11	)%	12,949			12,573			(3	)%
Income Taxes (3)	1,394			2,912			1,057			971			862			(11	)%	(38	)%	4,096			2,890			(29	)%
Income from Continuing Operations	3,062			213			3,329			3,237			3,117			(4	)%	2	%	8,853			9,683			9	%
Noncontrolling Interests	14			10			15			12			(6		)	NM		NM		47			21			(55	)%
Net Income	$	3,048		$	203		$	3,314		$	3,225		$	3,123		(3	)%	2	%	$	8,806		$	9,662		10	%
EOP Assets (in billions)	$	1,370		$	1,336		$	1,407		$	1,397		$	1,404		1	%	2	%
Average Assets (in billions)	$	1,369		$	1,385		$	1,388		$	1,406		$	1,402		—		2	%	$	1,349		$	1,399		4	%
Return on Average Assets (ROA)	0.88		%	0.06		%	0.97		%	0.92		%	0.88		%					0.87		%	0.92		%
Efficiency Ratio	54		%	59		%	56		%	56		%	56		%					55		%	56		%

Revenue by Region
North America	$	3,709		$	3,046		$	3,265		$	3,511		$	3,329		(5	)%	(10	)%	$	10,877		$	10,105		(7	)%
EMEA	2,703			2,441			3,167			3,043			2,927			(4	)%	8	%	8,438			9,137			8	%
Latin America	1,099			1,031			1,210			1,162			1,055			(9	)%	(4	)%	3,354			3,427			2	%
Asia	1,919			1,786			2,206			1,975			1,930			(2	)%	1	%	5,501			6,111			11	%
Total Revenues, net of Interest Expense	$	9,430		$	8,304		$	9,848		$	9,691		$	9,241		(5	)%	(2	)%	$	28,170		$	28,780		2	%

Income (loss) from Continuing Operations by Region
North America	$	1,298		$	(1,108	)	$	857		$	1,028		$	870		(15	)%	(33	)%	$	3,463		$	2,755		(20	)%
EMEA	753			431			1,113			987			972			(2	)%	29	%	2,401			3,072			28	%
Latin America	388			333			491			514			541			5	%	39	%	1,211			1,546			28	%
Asia	623			557			868			708			734			4	%	18	%	1,778			2,310			30	%
Income from Continuing Operations	$	3,062		$	213		$	3,329		$	3,237		$	3,117		(4	)%	2	%	$	8,853		$	9,683		9	%

Average Loans by Region (in billions)
North America	$	152		$	157		$	160		$	165		$	166		1	%	9	%	$	149		$	164		10	%
EMEA	71			73			78			80			82			3	%	15	%	68			80			18	%
Latin America	34			33			34			33			33			—		(3	)%	34			33			(3	)%
Asia	64			65			67			68			65			(4	)%	2	%	61			67			10	%
Total	$	321		$	328		$	339		$	346		$	346		—		8	%	$	312		$	344		10	%

EOP Deposits by Region (in billions)
North America	$	290		$	296		$	295		$	308		$	318		3	%	9	%
EMEA	172			174			189			187			180			(4	)%	5	%
Latin America	26			25			26			26			26			2	%	2	%
Asia	152			145			156			155			161			4	%	6	%
Total	$	640		$	640		$	666		$	676		$	685		1	%	7	%

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	428		$	432		$	449		$	459		$	470		2	%	10	%
All Other ICG Businesses	212			208			217			217			215			(1	)%	1	%
Total	$	640		$	640		$	666		$	676		$	685		1	%	7	%

(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 include $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)

																3Q18 Increase/				Nine			Nine			YTD 2018 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2018			2018			2018			2Q18		3Q17		2017			2018			(Decrease)

Revenue Details:
Investment Banking:
Advisory	$	240		$	316		$	215		$	361		$	262		(27	)%	9	%	$	807		$	838		4	%
Equity Underwriting	311			251			216			335			259			(23	)%	(17	)%	870			810			(7	)%
Debt Underwriting	729			726			699			726			660			(9	)%	(9	)%	2,400			2,085			(13	)%
Total Investment Banking	1,280			1,293			1,130			1,422			1,181			(17	)%	(8	)%	4,077			3,733			(8	)%
Treasury and Trade Solutions	2,185			2,236			2,268			2,336			2,283			(2	)%	4	%	6,399			6,887			8	%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	506			513			521			589			563			(4	)%	11	%	1,425			1,673			17	%
Private Bank	790			776			904			848			849			—		7	%	2,332			2,601			12	%
Total Banking Revenues (Ex-Gain/(Loss) on Loan Hedges) (1)	$	4,761		$	4,818		$	4,823		$	5,195		$	4,876		(6	)%	2	%	$	14,233		$	14,894		5	%

Corporate Lending — Gain/(Loss) on Loan Hedges (1)	(48		)	21			23			23			(106		)	NM		NM		(154		)	(60		)	61	%
Total Banking Revenues including G(L) on Loan Hedges (1)	$	4,713		$	4,839		$	4,846		$	5,218		$	4,770		(9	)%	1	%	$	14,079		$	14,834		5	%

Fixed Income Markets	$	2,936		$	2,463		$	3,418		$	3,076		$	3,199		4	%	9	%	$	9,888		$	9,693		(2	)%
Equity Markets	785			567			1,103			864			792			(8	)%	1	%	2,312			2,759			19	%
Securities Services	608			612			641			665			672			1	%	11	%	1,754			1,978			13	%
Other (2)	388			(177		)	(160		)	(132		)	(192		)	(45	)%	NM		137			(484		)	NM
Total Markets and Securities Services	$	4,717		$	3,465		$	5,002		$	4,473		$	4,471		—		(5	)%	$	14,091		$	13,946		(1	)%

Total Revenues, net of Interest Expense	$	9,430		$	8,304		$	9,848		$	9,691		$	9,241		(5	)%	(2	)%	$	28,170		$	28,780		2	%

Taxable-equivalent adjustments (3)	$	176		$	174		$	96		$	96		$	98		2	%	(44	)%	$	542		$	290		(46	)%

Total ICG Revenues including taxable-equivalent adjustments (3)	$	9,606		$	8,478		$	9,944		$	9,787		$	9,339		(5	)%	(3	)%	$	28,712		$	29,070		1	%

Commissions and Fees	$	171		$	170		$	176		$	182		$	165		(9	)%	(4	)%	$	471		$	523		11	%
Principal Transactions (4)	1,592			1,108			2,184			2,108			2,020			(4	)%	27	%	5,887			6,312			7	%
Other	130			132			276			28			84			NM		(35	)%	464			388			(16	)%
Total Non-Interest Revenue	$	1,893		$	1,410		$	2,636		$	2,318		$	2,269		(2	)%	20	%	$	6,822		$	7,223		6	%
Net Interest Revenue	1,043			1,053			782			758			930			23	%	(11	)%	3,066			2,470			(19	)%
Total Fixed Income Markets	$	2,936		$	2,463		$	3,418		$	3,076		$	3,199		4	%	9	%	$	9,888		$	9,693		(2	)%

Rates and Currencies	$	2,189		$	1,912		$	2,470		$	2,235		$	2,347		5	%	7	%	$	6,973		$	7,052		1	%
Spread Products / Other Fixed Income	747			551			948			841			852			1	%	14	%	2,915			2,641			(9	)%
Total Fixed Income Markets	$	2,936		$	2,463		$	3,418		$	3,076		$	3,199		4	%	9	%	$	9,888		$	9,693		(2	)%

Commissions and Fees	$	309		$	313		$	361		$	308		$	284		(8	)%	(8	)%	$	958		$	953		(1	)%
Principal Transactions (4)	211			79			537			101			284			NM		35	%	399			922			NM
Other	(5		)	9			80			20			(3		)	NM		40	%	(2		)	97			NM
Total Non-Interest Revenue	$	515		$	401		$	978		$	429		$	565		32	%	10	%	$	1,355		$	1,972		46	%
Net Interest Revenue	270			166			125			435			227			(48	)%	(16	)%	957			787			(18	)%
Total Equity Markets	$	785		$	567		$	1,103		$	864		$	792		(8	)%	1	%	$	2,312		$	2,759		19	%

(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)

																3Q18 Increase/				Nine			Nine			YTD 2018 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017(2)			2018			2018			2018			2Q18		3Q17		2017			2018			(Decrease)

Net Interest Revenue	$	516		$	429		$	538		$	553		$	554		—		7	%	$	1,571		$	1,645		5	%
Non-interest revenue	3			322			53			(25		)	(60		)	NM		NM		810			(32		)	NM
Total Revenues, Net of Interest Expense	519			751			591			528			494			(6	)%	(5	)%	2,381			1,613			(32	)%
Total Operating Expenses	827			857			741			599			459			(23	)%	(44	)%	2,957			1,799			(39	)%
Net Credit Losses	29			15			26			(21		)	19			NM		(34	)%	134			24			(82	)%
Credit Reserve Build / (Release)	(79		)	(49		)	(33		)	(95		)	(43		)	55	%	46	%	(268		)	(171		)	36	%
Provision for Benefits and Claims	—			(8		)	—			(1		)	(1		)	—		NM		1			(2		)	NM
Provision for Unfunded Lending Commitments	—			(3		)	—			(1		)	(5		)	NM		NM		3			(6		)	NM
Total provisions for credit losses and for benefits and claims	(50		)	(45		)	(7		)	(118		)	(30		)	75	%	40	%	(130		)	(155		)	(19	)%
Income from Continuing Operations before Taxes	(258		)	(61		)	(143		)	47			65			38	%	NM		(446		)	(31		)	93	%
Income Taxes (Benefits) (3)	(163		)	19,499			(69		)	62			116			87	%	NM		(435		)	109			NM
Income (Loss) from Continuing Operations	(95		)	(19,560		)	(74		)	(15		)	(51		)	NM		46	%	(11		)	(140		)	NM
Income (Loss) from Discontinued Operations, net of taxes	(5		)	(109		)	(7		)	15			(8		)	NM		(60	)%	(2		)	—			100	%
Noncontrolling Interests	(17		)	7			5			13			8			(38	)%	NM		(13		)	26			NM
Net Income (Loss)	$	(83	)	$	(19,676	)	$	(86	)	$	(13	)	$	(67	)	NM		19	%	$	—		$	(166	)	NM
EOP Assets (in billions of dollars)	$	100		$	78		$	92		$	93		$	94		1	%	(6	)%
Average Assets (in billions of dollars)	$	102		$	102		$	93		$	94		$	97		3	%	(5	)%	$	100		$	95		(5	)%
Return on Average Assets	(0.32		)%	(76.53		)%	(0.38		)%	(0.06		)%	(0.27		)%					0.00		%	(0.23		)%
Efficiency Ratio	159		%	114		%	125		%	113		%	93		%					124		%	112		%

Corporate/Other Consumer Key Indicators:

Consumer - International

Branches (actual)	49			49			48			2			—			(100	)%	(100	)%
Average Loans (in billions)	$	1.9		$	1.7		$	1.7		$	1.1		$	—		(100	)%	(100	)%	$	2.0		$	0.9
EOP Loans (in billions)	$	1.7		$	1.6		$	1.7		$	—		$	—		—		(100	)%
Net Interest Revenue	$	63		$	74		$	88		$	64		$	—		(100	)%	(100	)%
As a % of Average Loans	13.16		%	17.27		%	20.99		%	23.34		%
Net Credit Losses	$	25		$	7		$	23		$	19		$	—		(100	)%	(100	)%	$	75		$	42
As a % of Average Loans	5.22		%	1.63		%	5.49		%	6.93		%								3.75		%	4.67		%
Loans 90+ Days Past Due	$	57		$	43		$	32		$	—		$	—		—		(100	)%
As a % of EOP Loans	3.35		%	2.69		%	1.88		%
Loans 30-89 Days Past Due	$	47		$	40		$	44		$	—		$	—		—		(100	)%
As a % of EOP Loans	2.76		%	2.50		%	2.59		%

Consumer - North America

Branches (actual)	—			—			—			—			—			—		—
Average Loans (in billions of dollars)	$	23.9		$	21.9		$	20.6		$	18.4		$	17.0		(8	)%	(29	)%	$	26.5		$	18.7
EOP Loans (in billions of dollars)	$	23.0		$	21.2		$	19.3		$	17.6		$	16.4		(7	)%	(29	)%
Net Interest Revenue	$	168		$	174		$	169		$	148		$	154		4	%	(8	)%
As a % of Average Loans	2.79		%	3.15		%	3.33		%	3.23		%	3.59		%
Net Credit Losses	$	27		$	10		$	12		$	(39	)	$	12		NM		(56	)%	$	64		$	(15	)
As a % of Average Loans	0.45		%	0.18		%	0.24		%	(0.85		)%	0.28		%					0.24		%	-0.08		%
Loans 90+ Days Past Due (3)	$	548		$	514		$	446		$	415		$	401		(3	)%	(27	)%
As a % of EOP Loans	2.51		%	2.56		%	2.42		%	2.49		%	2.57		%
Loans 30-89 Days Past Due (3)	$	596		$	502		$	349		$	355		$	422		19	%	(29	)%
As a % of EOP Loans	2.73		%	2.50		%	1.90		%	2.13		%	2.71		%

(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 include $19.8 billion related to Tax Reform.

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)

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

North America Mortgages

Residential First	$	10.2		$	9.4		$	9.0		$	7.9		$	7.3		(8	)%	(28	)%
Home Equity	11.9			11.1			10.3			9.3			8.5			(9	)%	(29	)%
Average Loans (in billions of dollars)	$	22.1		$	20.5		$	19.3		$	17.2		$	15.8		(8	)%	(29	)%

Residential First	$	10.1		$	9.3		$	8.1		$	7.6		$	7.0		(8	)%	(31	)%
Home Equity	11.5			10.6			9.9			8.8			8.2			(7	)%	(29	)%
EOP Loans (in billions of dollars)	$	21.6		$	19.9		$	18.0		$	16.4		$	15.2		(7	)%	(30	)%

Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	12.6		$	12.1		$	11.6		$	11.0		$	10.4		(5	)%	(17	)%
Net Servicing & Gain/(Loss) on Sale	$	20.8		$	23.5		$	8.5		$	18.1		$	69.3		NM		NM
Net Interest Revenue	$	77		$	78		$	88		$	80		$	82		3	%	6	%
As a % of Avg. Loans	1.38		%	1.51		%	1.85		%	1.87		%	2.06		%

Residential First	$	1		$	(1	)	$	3		$	2		$	11		NM		NM
Home Equity	23			8			7			(42		)	(1		)	98	%	NM
Net Credit Losses (NCLs)	$	24		$	7		$	10		$	(40	)	$	10		NM		(58	)%
As a % of Avg. Loans	0.43		%	0.14		%	0.21		%	(0.93		)%	0.25		%

Residential First	$	194		$	173		$	142		$	141		$	149		6	%	(23	)%
Home Equity	346			334			298			269			245			(9	)%	(29	)%
Loans 90+ Days Past Due (1)	$	540		$	507		$	440		$	410		$	394		(4	)%	(27	)%
As a % of EOP Loans	2.65		%	2.70		%	2.57		%	2.65		%	2.74		%

Residential First	$	365		$	284		$	184		$	197		$	247		25	%	(32	)%
Home Equity	209			195			148			141			155			10	%	(26	)%
Loans 30-89 Days Past Due (1)	$	574		$	479		$	332		$	338		$	402		19	%	(30	)%
As a % of EOP Loans	2.81		%	2.55		%	1.94		%	2.18		%	2.79		%

(1) 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) for each period were $0.7 billion and ($1.2 billion), $0.6 billion and ($1.1 billion), $0.5 billion and ($0.9 billion), and $0.4 billion and ($0.9 billion), and $0.4 billion and ($0.8 billion) as of September 30, 2017, December 31, 2017, March 31, 2018, June 30, 2018 and September 30, 2018, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.1 billion and ($1.2 billion), $0.1 billion and ($1.1 billion), $0.1 billion and ($0.9 billion), and $0.1 billion and ($0.9 billion), and $0.1 billion and ($0.8 billion) as of September 30, 2017, December 31, 2017, March 31, 2018, June 30, 2018 and September 30, 2018, respectively.

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)
	Third		Second		Third		Third		Second		Third		Third		Second		Third
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2017		2018		2018		2017		2018		2018		2017		2018		2018
Assets:
Deposits with Banks	$	176,942	$	176,151	$	186,907	$	486	$	493	$	629	1.09	%	1.12	%	1.34	%
Fed Funds Sold and Resale Agreements (6)	245,451		271,371		268,509		858		1,336		1,425		1.39	%	1.97	%	2.11	%
Trading Account Assets (7)	204,607		210,631		205,013		1,473		1,773		1,662		2.86	%	3.38	%	3.22	%
Investments	352,026		347,787		347,490		2,154		2,408		2,421		2.43	%	2.78	%	2.76	%
Total Loans (net of Unearned Income) (8)	646,321		669,744		670,273		10,774		11,209		11,657		6.61	%	6.71	%	6.90	%
Other Interest-Earning Assets	61,677		69,341		63,741		292		394		434		1.88	%	2.28	%	2.70	%
Total Average Interest-Earning Assets	$	1,687,024	$	1,745,025	$	1,741,933	$	16,037	$	17,613	$	18,228	3.77	%	4.05	%	4.15	%

Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	757,442	$	785,620	$	793,876	$	1,474	$	1,925	$	2,269	0.77	%	0.98	%	1.13	%
Deposit Insurance and FDIC Assessment	—		—		—		301		319		311
Total Deposits	757,442		785,620		793,876		1,775		2,244		2,580		0.93	%	1.15	%	1.29	%
Fed Funds Purchased and Repurchase Agreements (6)	158,064		171,073		175,832		712		1,224		1,250		1.79	%	2.87	%	2.82	%
Trading Account Liabilities (7)	89,809		97,151		96,131		169		236		273		0.75	%	0.97	%	1.13	%
Short-Term Borrowings	98,139		108,192		108,171		318		523		578		1.29	%	1.94	%	2.12	%
Long-Term Debt (9)	203,064		203,271		205,589		1,405		1,658		1,687		2.75	%	3.27	%	3.26	%
Total Average Interest-Bearing Liabilities	$	1,306,518	$	1,365,307	$	1,379,599	$	4,379	$	5,885	$	6,368	1.33	%	1.73	%	1.83	%
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment)	$	1,306,518	$	1,365,307	$	1,379,599	$	4,078	$	5,566	$	6,057	1.24	%	1.64	%	1.74	%

Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,658	$	11,728	$	11,860	2.74	%	2.70	%	2.70	%

NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	11,959	$	12,047	$	12,171	2.81	%	2.77	%	2.77	%

3Q18 Increase (Decrease) From													(4	)bps	—	bps

3Q18 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													(4	)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 third quarter of 2017, $63 million for the second quarter of 2018 and $58 million for the third 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) Third quarter of 2018 is 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)

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

Global Consumer Banking
North America	$	185.1		$	182.5		$	184.3		$	181.7		$	181.9	—		(2	)%
Latin America	28.3			27.1			29.6			28.4			30.1		6	%	6	%
Asia (1)	96.6			97.7			100.5			97.8			98.7		1	%	2	%
Total	$	310.0		$	307.3		$	314.4		$	307.9		$	310.7	1	%	—

ICG
North America	$	290.2		$	295.9		$	294.8		$	308.1		$	317.5	3	%	9	%
EMEA	171.7			173.7			188.8			187.1			180.0		(4	)%	5	%
Latin America	25.8			25.4			26.1			25.9			26.3		2	%	2	%
Asia	151.9			144.5			156.3			154.5			160.9		4	%	6	%
Total	$	639.6		$	639.5		$	666.0		$	675.6		$	684.7	1	%	7	%

Corporate/Other	$	14.4		$	13.0		$	20.8		$	13.2		$	9.8	(26	)%	(32	)%

Total Deposits - EOP	$	964.0		$	959.8		$	1,001.2		$	996.7		$	1,005.2	1	%	4	%

Total Deposits - Average	$	965.9		$	973.3		$	981.9		$	986.2		$	985.7	—		2	%

Foreign Currency (FX) Translation Impact:
Total EOP Deposits - as Reported	$	964.0		$	959.8		$	1,001.2		$	996.7		$	1,005.2	1	%	4	%
Impact of FX Translation (2)	(10.6		)	(12.1		)	(20.1		)	(2.4		)	—
Total EOP Deposits - Ex-FX (2)	$	953.4		$	947.7		$	981.1		$	994.3		$	1,005.2	1	%	5	%

(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 third 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)

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

Global Consumer Banking

North America
Credit Cards	$	132.2		$	139.7		$	131.7		$	136.7		$	137.8	1	%	4	%
Retail Banking	55.7			56.0			55.4			55.7			56.3		1	%	1	%
Total	$	187.9		$	195.7		$	187.1		$	192.4		$	194.1	1	%	3	%

Latin America
Credit Cards	$	5.6		$	5.4		$	5.7		$	5.4		$	5.8	7	%	4	%
Retail Banking	21.0			19.9			21.2			20.1			21.0		4	%	—
Total	$	26.6		$	25.3		$	26.9		$	25.5		$	26.8	5	%	1	%

Asia (1)
Credit Cards	$	18.8		$	19.8		$	19.2		$	18.8		$	18.6	(1	)%	(1	)%
Retail Banking	67.5			70.0			70.8			69.3			69.5		—		3	%
Total	$	86.3		$	89.8		$	90.0		$	88.1		$	88.1	—		2	%

Total GCB Consumer Loans
Credit Cards	$	156.6		$	164.9		$	156.6		$	160.9		$	162.2	1	%	4	%
Retail Banking	144.2			145.9			147.4			145.1			146.8		1	%	2	%
Total GCB	$	300.8		$	310.8		$	304.0		$	306.0		$	309.0	1	%	3	%

Corporate/Other - Consumer:

North America
Mortgages	$	21.6		$	19.9		$	18.0		$	16.4		$	15.2	(7	)%	(30	)%
Other	1.4			1.3			1.3			1.2			1.2		—		(14	)%
Total	$	23.0		$	21.2		$	19.3		$	17.6		$	16.4	(7	)%	(29	)%

International	$	1.7		$	1.6		$	1.7		$	—		$	—	—		(100	)%

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

Total Corporate/Other - Consumer	$	24.8		$	22.9		$	21.1		$	17.6		$	16.5	(6	)%	(33	)%

Total Consumer Loans	$	325.6		$	333.7		$	325.1		$	323.6		$	325.5	1	%	—

Corporate Loans - By Region
North America	$	155.7		$	159.2		$	163.0		$	165.4		$	167.8	1	%	8	%
EMEA	72.8			74.4			82.1			82.9			83.8		1	%	15	%
Latin America	33.7			33.5			33.8			32.3			34.0		5	%	1	%
Asia	65.4			66.3			69.0			66.9			63.8		(5	)%	(2	)%
Total Corporate Loans	$	327.6		$	333.4		$	347.9		$	347.5		$	349.4	1	%	7	%

Corporate Loans - By Product
Corporate Lending	$	123.0		$	126.4		$	134.6		$	130.5		$	127.8	(2	)%	4	%
Private Bank	84.4			87.4			90.1			92.3			94.4		2	%	12	%
Treasury and Trade Solutions	78.5			79.6			81.9			79.7			79.3		(1	)%	1	%
Markets and Securities Services	41.7			40.0			41.3			45.0			47.9		6	%	15	%
Total Corporate Loans	$	327.6		$	333.4		$	347.9		$	347.5		$	349.4	1	%	7	%

Total Loans	$	653.2		$	667.0		$	672.9		$	671.2		$	674.9	1	%	3	%

Foreign Currency (FX) Translation Impact:
Total EOP Loans - as Reported	$	653.2		$	667.0		$	672.9		$	671.2		$	674.9	1	%	3	%
Impact of FX Translation (2)	(6.7		)	(7.0		)	(11.5		)	(0.8		)	—
Total EOP Loans - Ex-FX (2)	$	646.5		$	660.0		$	661.4		$	670.4		$	674.9	1	%	4	%

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

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

GCB (2)
Total	$	2,279		$	2,478		$	2,379		$	2,345		$	2,404		$	309.0
*Ratio*	0.76		%	0.80		%	0.78		%	0.77		%	0.78		%

Retail Bank (2)
Total	$	489		$	515		$	493		$	500		$	508		$	146.8
Ratio	0.34		%	0.35		%	0.34		%	0.35		%	0.35		%
North America (2)	$	167		$	199		$	184		$	179		$	188		$	56.3
Ratio	0.30		%	0.36		%	0.34		%	0.33		%	0.33		%
Latin America	$	151		$	130		$	128		$	132		$	126		$	21.0
Ratio	0.72		%	0.65		%	0.60		%	0.66		%	0.60		%
Asia (3)	$	171		$	186		$	181		$	189		$	194		$	69.5
Ratio	0.25		%	0.27		%	0.26		%	0.27		%	0.28		%

Cards
Total	$	1,790		$	1,963		$	1,886		$	1,845		$	1,896		$	162.2
Ratio	1.14		%	1.19		%	1.20		%	1.15		%	1.17		%
North America - Citi-Branded	$	668		$	768		$	731		$	712		$	707		$	88.4
Ratio	0.77		%	0.85		%	0.85		%	0.81		%	0.80		%
North America - Retail Services	$	772		$	845		$	797		$	781		$	832		$	49.4
Ratio	1.68		%	1.72		%	1.73		%	1.61		%	1.68		%
Latin America	$	159		$	151		$	160		$	160		$	169		$	5.8
Ratio	2.84		%	2.80		%	2.81		%	2.96		%	2.91		%
Asia (3)	$	191		$	199		$	198		$	192		$	188		$	18.6
Ratio	1.02		%	1.01		%	1.03		%	1.02		%	1.01		%

Corporate/Other - Consumer (2)	$	605		$	557		$	478		$	415		$	401		$	16.5
*Ratio*	2.57		%	2.57		%	2.38		%	2.49		%	2.57		%
International	$	57		$	43		$	32		$	—		$	—		$	—
Ratio	3.35		%	2.69		%	1.88		%
North America (2)	$	548		$	514		$	446		$	415		$	401		$	16.5
Ratio	2.51		%	2.56		%	2.42		%	2.49		%	2.57		%

Total Citigroup (2)	$	2,884		$	3,035		$	2,857		$	2,760		$	2,805		$	325.5
Ratio	0.89		%	0.91		%	0.88		%	0.86		%	0.87		%

(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 1 on page 18.

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

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

GCB (2)
Total	$	2,763		$	2,762		$	2,710		$	2,558		$	2,890		$	309.0
*Ratio*	0.92		%	0.89		%	0.89		%	0.84		%	0.94		%

Retail Bank (2)
Total	$	805		$	822		$	830		$	754		$	857		$	146.8
Ratio	0.56		%	0.57		%	0.57		%	0.52		%	0.58		%
North America (2)	$	270		$	306		$	227		$	252		$	320		$	56.3
Ratio	0.49		%	0.55		%	0.41		%	0.46		%	0.57		%
Latin America	$	244		$	195		$	248		$	183		$	235		$	21.0
Ratio	1.16		%	0.98		%	1.17		%	0.91		%	1.12		%
Asia (3)	$	291		$	321		$	355		$	319		$	302		$	69.5
Ratio	0.43		%	0.46		%	0.50		%	0.46		%	0.43		%

Cards
Total	$	1,958		$	1,940		$	1,880		$	1,804		$	2,033		$	162.2
Ratio	1.25		%	1.18		%	1.20		%	1.12		%	1.25		%
North America - Citi-Branded	$	705		$	698		$	669		$	627		$	722		$	88.4
Ratio	0.82		%	0.77		%	0.78		%	0.71		%	0.82		%
North America - Retail Services	$	836		$	830		$	791		$	761		$	890		$	49.4
Ratio	1.82		%	1.69		%	1.72		%	1.57		%	1.80		%
Latin America	$	163		$	153		$	160		$	156		$	170		$	5.8
Ratio	2.91		%	2.83		%	2.81		%	2.89		%	2.93		%
Asia (3)	$	254		$	259		$	260		$	260		$	251		$	18.6
Ratio	1.35		%	1.31		%	1.35		%	1.38		%	1.35		%

Corporate/Other - Consumer (2)	$	643		$	542		$	393		$	355		$	422		$	16.5
*Ratio*	2.74		%	2.50		%	1.96		%	2.13		%	2.71		%
International	$	47		$	40		$	44		$	—		$	—		$	—
Ratio	2.76		%	2.50		%	2.59		%
North America (2)	$	596		$	502		$	349		$	355		$	422		$	16.5
Ratio	2.73		%	2.50		%	1.90		%	2.13		%	2.71		%

Total Citigroup (2)	$	3,406		$	3,304		$	3,103		$	2,913		$	3,312		$	325.5
Ratio	1.05		%	1.00		%	0.96		%	0.90		%	1.02		%

(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 1 on page 18.

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

Reclassified to conform to the current period’s presentation.

ALLOWANCE FOR CREDIT LOSSES - PAGE 1

(In millions of dollars)

																3Q18 Increase/				Nine			Nine			YTD 2018 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2018			2018			2018			2Q18		3Q17		2017			2018			(Decrease)

Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	12,025		$	12,366		$	12,355		$	12,354		$	12,126						$	12,060		$	12,355

Gross Credit (Losses)	(2,120		)	(2,279		)	(2,296		)	(2,109		)	(2,094		)	1	%	1	%	(6,394		)	(6,499		)	(2	)%
Gross Recoveries	343			399			429			405			338			(17	)%	(1	)%	1,198			1,172			(2	)%
Net Credit (Losses) / Recoveries (NCLs)	(1,777		)	(1,880		)	(1,867		)	(1,704		)	(1,756		)	3	%	(1	)%	(5,196		)	(5,327		)	3	%
NCLs	1,777			1,880			1,867			1,704			1,756			3	%	(1	)%	5,196			5,327			3	%
Net Reserve Builds / (Releases)	419			78			102			31			169			NM		(60	)%	466			302			(35	)%
Net Specific Reserve Builds / (Releases)	(50		)	58			(166		)	60			(19		)	NM		62	%	(175		)	(125		)	29	%
Provision for Loan Losses	2,146			2,016			1,803			1,795			1,906			6	%	(11	)%	5,487			5,504			—
Other (2) (3) (4) (5) (6) (7)	(28		)	(147		)	63			(319		)	60			NM		NM		15			(196		)
Allowance for Loan Losses at End of Period (1) (a)	$	12,366		$	12,355		$	12,354		$	12,126		$	12,336						$	12,366		$	12,336

Allowance for Unfunded Lending Commitments (8) (a)	$	1,232		$	1,258		$	1,290		$	1,278		$	1,321						$	1,232		$	1,321

Provision for Unfunded Lending Commitments	$	(175	)	$	29		$	28		$	(4	)	$	42						$	(190	)	$	66

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	13,598		$	13,613		$	13,644		$	13,404		$	13,657						$	13,598		$	13,657

Total Allowance for Loan Losses as a Percentage of Total Loans (9) (10)	1.91		%	1.87		%	1.85		%	1.81		%	1.84		%

Consumer:
Allowance for Loan Losses at Beginning of Period (1)	$	9,515		$	9,892		$	9,869		$	10,039		$	9,796						$	9,358		$	9,869

Net Credit Losses (NCLs)	(1,734		)	(1,658		)	(1,771		)	(1,706		)	(1,726		)	1	%	—		(5,039		)	(5,203		)	3	%
NCLs	1,734			1,658			1,771			1,706			1,726			1	%	—		5,039			5,203			3	%
Net Reserve Builds / (Releases)	479			115			121			61			135			NM		(72	)%	696			317			(54	)%
Net Specific Reserve Builds / (Releases)	(71		)	12			(11		)	(3		)	8			NM		NM		(157		)	(6		)	96	%
Provision for Loan Losses	2,142			1,785			1,881			1,764			1,869			6	%	(13	)%	5,578			5,514			(1	)%
Other (2) (3) (4) (5) (6) (7)	(31		)	(150		)	60			(301		)	58			NM		NM		(5		)	(183		)	NM
Allowance for Loan Losses at End of Period (1) (b)	$	9,892		$	9,869		$	10,039		$	9,796		$	9,997						$	9,892		$	9,997

Consumer Allowance for Unfunded Lending Commitments (8) (b)	$	35		$	33		$	32		$	34		$	40						$	35		$	40

Provision for Unfunded Lending Commitments	$	(5	)	$	(2	)	$	(1	)	$	3		$	6						$	—		$	8

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	9,927		$	9,902		$	10,071		$	9,830		$	10,037						$	9,927		$	10,037

Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (9)	3.04		%	2.96		%	3.09		%	3.03		%	3.07		%

Corporate
Allowance for Loan Losses at Beginning of Period (1)	$	2,510		$	2,474		$	2,486		$	2,315		$	2,330						$	2,702		$	2,486

Net Credit (Losses) / Recoveries (NCL’s)	(43		)	(222		)	(96		)	2			(30		)	NM		(30	)%	(157		)	(124		)	(21	)%
NCLs	43			222			96			(2		)	30			NM		(30	)%	157			124			(21	)%
Net Reserve Builds / (Releases)	(60		)	(37		)	(19		)	(30		)	34			NM		NM		(230		)	(15		)	93	%
Net Specific Reserve Builds / (Releases)	21			46			(155		)	63			(27		)	NM		NM		(18		)	(119		)	NM
Provision for Loan Losses	4			231			(78		)	31			37			19	%	NM		(91		)	(10		)	89	%
Other (2)	3			3			3			(18		)	2							20			(13		)
Allowance for Loan Losses at End of Period (1) (c)	$	2,474		$	2,486		$	2,315		$	2,330		$	2,339						$	2,474		$	2,339

Corporate Allowance for Unfunded Lending Commitments (8) (c)	$	1,197		$	1,225		$	1,258		$	1,244		$	1,281						$	1,197		$	1,281

Provision for Unfunded Lending Commitments	$	(170	)	$	31		$	29		$	(7	)	$	36						$	(190	)	$	58

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (c)]	$	3,671		$	3,711		$	3,573		$	3,574		$	3,620						$	3,671		$	3,620

Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (10)	0.77		%	0.76		%	0.67		%	0.68		%	0.68		%

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 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.

(4) 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.

(5) 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.

(6) The second quarter of 2018 includes a reduction of approximately $137 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $33 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the second quarter includes a decrease of approximately $164 million related to FX translation.

(7) The third quarter of 2018 includes a reduction of approximately $5 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $2 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the third quarter includes an increase of approximately $62 million related to FX translation.

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

(9) September 30, 2017, December 31, 2017, March 31, 2018, June 30, 2018 and September 30, 2018 exclude $27 million, $25 million, $23 million, $22 million and $21 million, respectively, of consumer loans which are carried at fair value.

(10) September 30, 2017, December 31, 2017, March 31, 2018, June 30, 2018 and September 30, 2018 exclude $4.3 billion, $4.9 billion, $4.5 billion, $3.0 billion and $4.2 billion, respectively, of corporate loans which are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

COMPONENTS OF PROVISION FOR LOAN LOSSES

(In millions of dollars)

																3Q18 Increase/				Nine			Nine			YTD 2018 vs.
	3Q			4Q			1Q			2Q			3Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2018			2018			2018			2Q18		3Q17		2017			2018			(Decrease)

Global Consumer Banking
Net Credit Losses	$	1,704		$	1,640		$	1,736		$	1,726		$	1,714		(1	)%	1	%	$	4,922		$	5,176		5	%
Credit Reserve Build / (Release)	486			177			144			154			186			21	%	(62	)%	788			484			(39	)%
North America
Net Credit Losses	1,239			1,186			1,296			1,278			1,242			(3	)%	—		3,610			3,816			6	%
Credit Reserve Build / (Release)	463			153			123			115			116			1	%	(75	)%	716			354			(51	)%
Retail Banking
Net Credit Losses	88			30			43			32			32			—		(64	)%	164			107			(35	)%
Credit Reserve Build / (Release)	(47		)	3			(20		)	(6		)	1			NM		NM		(47		)	(25		)	47	%
Citi-Branded Cards
Net Credit Losses	611			592			651			657			644			(2	)%	5	%	1,855			1,952			5	%
Credit Reserve Build / (Release)	192			87			75			51			59			16	%	(69	)%	310			185			(40	)%
Citi Retail Services
Net Credit Losses	540			564			602			589			566			(4	)%	5	%	1,591			1,757			10	%
Credit Reserve Build / (Release)	318			63			68			70			56			(20	)%	(82	)%	453			194			(57	)%
Latin America
Net Credit Losses	295			292			278			278			307			10	%	4	%	825			863			5	%
Credit Reserve Build / (Release)	44			19			42			33			31			(6	)%	(30	)%	106			106			—
Retail Banking
Net Credit Losses	143			153			132			138			153			11	%	7	%	431			423			(2	)%
Credit Reserve Build / (Release)	13			(5		)	10			9			9			—		(31	)%	54			28			(48	)%
Citi-Branded Cards
Net Credit Losses	152			139			146			140			154			10	%	1	%	394			440			12	%
Credit Reserve Build / (Release)	31			24			32			24			22			(8	)%	(29	)%	52			78			50	%
Asia (1)
Net Credit Losses	170			162			162			170			165			(3	)%	(3	)%	487			497			2	%
Credit Reserve Build / (Release)	(21		)	5			(21		)	6			39			NM		NM		(34		)	24			NM
Retail Banking
Net Credit Losses	69			60			57			58			58			—		(16	)%	185			173			(6	)%
Credit Reserve Build / (Release)	(23		)	6			(13		)	5			13			NM		NM		(38		)	5			NM
Citi-Branded Cards
Net Credit Losses	101			102			105			112			107			(4	)%	6	%	302			324			7	%
Credit Reserve Build / (Release)	2			(1		)	(8		)	1			26			NM		NM		4			19			NM

Institutional Clients Group (ICG)
Net Credit Losses	44			225			105			(1		)	23			NM		(48	)%	140			127			(9	)%
Credit Reserve Build / (Release)	(38		)	8			(175		)	32			7			(78	)%	NM		(229		)	(136		)	41	%

Corporate / Other
Net Credit Losses	29			15			26			(21		)	19			NM		(34	)%	134			24			(82	)%
Credit Reserve Build / (Release)	(79		)	(49		)	(33		)	(95		)	(43		)	55	%	46	%	(268		)	(171		)	36	%

Total Provision for Loan Losses	$	2,146		$	2,016		$	1,803		$	1,795		$	1,906		6	%	(11	)%	$	5,487		$	5,504		—

(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)

																3Q18 Increase/
	3Q			4Q			1Q			2Q			3Q			(Decrease) from
	2017			2017			2018			2018			2018			2Q18		3Q17
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region
North America	$	915		$	784		$	817		$	784		$	679		(13	)%	(26	)%
EMEA	681			849			561			391			362			(7	)%	(47	)%
Latin America	312			280			263			204			266			30	%	(15	)%
Asia	146			29			27			244			233			(5	)%	60	%
Total	$	2,054		$	1,942		$	1,668		$	1,623		$	1,540		(5	)%	(25	)%

Consumer Non-Accrual Loans By Region (2)
North America	$	1,721		$	1,650		$	1,500		$	1,373		$	1,323		(4	)%	(23	)%
Latin America	791			756			791			726			764			5	%	(3	)%
Asia (3)	271			284			284			284			287			1	%	6	%
Total	$	2,783		$	2,690		$	2,575		$	2,383		$	2,374		—		(15	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

Institutional Clients Group	$	44		$	37		$	19		$	23		$	33		43	%	(25	)%
Global Consumer Banking	34			26			28			23			20			(13	)%	(41	)%
Corporate/Other	65			81			67			55			56			2	%	(14	)%
TOTAL OTHER REAL ESTATE OWNED (OREO) (4)	$	143		$	144		$	114		$	101		$	109		8	%	(24	)%

OREO By Region:
North America	$	97		$	89		$	70		$	66		$	76		15	%	(22	)%
EMEA	1			2			—			1			1			—		—
Latin America	30			35			29			24			25			4	%	(17	)%
Asia	15			18			15			10			7			(30	)%	(53	)%
Total	$	143		$	144		$	114		$	101		$	109		8	%	(24	)%

Non-Accrual Assets (NAA) (5)
Corporate Non-Accrual Loans	$	2,054		$	1,942		$	1,668		$	1,623		$	1,540		(5	)%	(25	)%
Consumer Non-Accrual Loans	2,783			2,690			2,575			2,383			2,374			—		(15	)%
Non-Accrual Loans (NAL)	4,837			4,632			4,243			4,006			3,914			(2	)%	(19	)%
OREO	143			144			114			101			109			8	%	(24	)%
Non-Accrual Assets (NAA)	$	4,980		$	4,776		$	4,357		$	4,107		$	4,023		(2	)%	(19	)%

NAL as a % of Total Loans	0.74		%	0.69		%	0.63		%	0.60		%	0.58		%
NAA as a % of Total Assets	0.26		%	0.26		%	0.23		%	0.21		%	0.21		%

Allowance for Loan Losses as a % of NAL	256		%	267		%	291		%	303		%	315		%

(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)

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

Citigroup Common Stockholders’ Equity(4)	$	208,565		$	181,671		$	182,943		$	181,243		$	178,153
Add: Qualifying noncontrolling interests	144			153			140			145			148
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(5)	(437		)	(698		)	(920		)	(1,021		)	(1,095		)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(6)	(416		)	(721		)	(498		)	(162		)	(503		)
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(7)	21,532			22,052			22,482			21,809			21,891
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	4,410			4,401			4,209			4,461			4,304
Defined benefit pension plan net assets	720			896			871			882			931
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	20,068			13,072			12,811			12,551			12,345
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(8)	9,298			—			—			—			—
Common Equity Tier 1 Capital (CET1)	$	153,534		$	142,822		$	144,128		$	142,868		$	140,428
Risk-Weighted Assets (RWA)	$	1,182,918		$	1,155,099		$	1,195,981		$	1,176,863		$	1,194,204
Common Equity Tier 1 Capital Ratio (CET1/RWA)	12.98		%	12.36		%	12.05		%	12.14		%	11.8		%

Supplementary Leverage Ratio and Components

Common Equity Tier 1 Capital (CET1)	$	153,534		$	142,822		$	144,128		$	142,868		$	140,428
Additional Tier 1 Capital (AT1)(9)	19,315			19,555			19,362			19,134			19,155
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	172,849		$	162,377		$	163,490		$	162,002		$	159,583
Total Leverage Exposure (TLE)	$	2,430,582		$	2,432,491		$	2,436,817		$	2,453,497		$	2,459,896
Supplementary Leverage Ratio (T1C/TLE)	7.11		%	6.68		%	6.71		%	6.60		%	6.5		%

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

Common Stockholders’ Equity	$	208,381		$	181,487		$	182,759		$	181,059		$	177,969
Less:
Goodwill	22,345			22,256			22,659			22,058			22,187
Intangible assets (other than MSRs)	4,732			4,588			4,450			4,729			4,598
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS	48			32			48			32			—
Tangible Common Equity (TCE)	$	181,256		$	154,611		$	155,602		$	154,240		$	151,184
Common Shares Outstanding (CSO)	2,644.0			2,569.9			2,549.9			2,516.6			2,442.1
Book Value Per Share (Common Equity/CSO)	$	78.81		$	70.62		$	71.67		$	71.95		$	72.88
Tangible Book Value Per Share (TCE/CSO)	$	68.55		$	60.16		$	61.02		$	61.29		$	61.91

(1) See footnote 2 on page 1.

(2) See footnote 1 on page 1.

(3) Preliminary.

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

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

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

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

(8) Assets subject to 10%/15% limitations include MSRs, DTAs arising from temporary differences and significant common stock investments in unconsolidated financial institutions. As of September 30, 2017, the deduction related only to DTAs arising from temporary differences that exceeded the 10% limitation.

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

Reclassified to conform to the current period’s presentation.

CITIGROUP INC - FORM 8-K - EX-99.2 - October 12, 2018

Attached files