CITIGROUP INC - FORM 8-K - EX-99.2 - EXHIBIT 99.2

Attached files

file	filename
8-K - FORM 8-K - CITIGROUP INC	c-20200714x8k.htm
EX-99.3 - EXHIBIT 99.3 - CITIGROUP INC	c-20200714xex993.htm
EX-99.1 - EXHIBIT 99.1 - CITIGROUP INC	c-20200714xex99d1.htm

Exhibit 99.2

citi-r_2c-blu_pos_rgb


CITIGROUP -- QUARTERLY FINANCIAL DATA SUPPLEMENT		2Q20


		Page
Citigroup
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

Citigroup Supplemental Detail
Average Balances and Interest Rates		18
Deposits		19
EOP Loans		20
Consumer Loan Delinquencies and Ratios
90+ Days		21
30-89 Days		22
Allowance for Credit Losses on Loans and Unfunded Lending Commitments		23 - 24
Components of Provision for Credit Losses on Loans		25
Non-Accrual Assets		26

CET1 Capital and Supplementary Leverage Ratios, Tangible Common Equity,		27
Book Value Per Share and Tangible Book Value Per Share

(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)

	2Q			3Q			4Q			1Q			2Q			2Q20 Increase/ (Decrease) from		Six Months			Six Months			YTD 2020 vs. YTD 2019 Increase/
	2019			2019			2019			2020			2020			1Q20	2Q19	2019			2020			(Decrease)
Total Revenues, Net of Interest Expense	$	18,758		$	18,574		$	18,378		$	20,731		$	19,766		(5%)	5%	$	37,334		$	40,497		8%
Total Operating Expenses		10,500			10,464			10,454			10,594			10,415		(2%)	(1%)		21,084			21,009		-
Net Credit Losses (NCLs)		1,963			1,913			1,944			2,108			2,206		5%	12%		3,911			4,314		10%
Credit Reserve Build / (Release) for Loans		126			149			179			4,336			5,490		27%	NM		122			9,826		NM
Provision / (Release) for Unfunded Lending Commitments		(15)			9			74			557			113		(80%)	NM		9			670		NM
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		19			17			25			26			94		NM	NM		31			120		NM
Provisions for Credit Losses and for Benefits and Claims		2,093			2,088			2,222			7,027			7,903		12%	NM		4,073			14,930		NM
Income from Continuing Operations before Income Taxes		6,165			6,022			5,702			3,110			1,448		(53%)	(77%)		12,177			4,558		(63%)
Income Taxes⁽¹⁾⁽²⁾		1,373			1,079			703			576			131		(77%)	(90%)		2,648			707		(73%)
Income from Continuing Operations		4,792			4,943			4,999			2,534			1,317		(48%)	(73%)		9,529			3,851		(60%)
Income (Loss) from Discontinued Operations, net of Taxes		17			(15)			(4)			(18)			(1)		94%	NM		15			(19)		NM
Net Income before Noncontrolling Interests		4,809			4,928			4,995			2,516			1,316		(48%)	(73%)		9,544			3,832		(60%)
Net Income (Loss) Attributable to Noncontrolling Interests		10			15			16			(6)			-		100%	(100%)		35			(6)		NM
Citigroup's Net Income	$	4,799		$	4,913		$	4,979		$	2,522		$	1,316		(48%)	(73%)	$	9,509		$	3,838		(60%)

Diluted Earnings Per Share:
Income from Continuing Operations	$	1.94		$	2.08		$	2.15		$	1.06		$	0.51		(52%)	(74%)	$	3.81		$	1.57		(59%)
Citigroup's Net Income	$	1.95		$	2.07		$	2.15		$	1.05		$	0.50		(52%)	(74%)	$	3.82		$	1.56		(59%)
Shares (in millions):
Average Basic		2,286.1			2,220.8			2,149.4			2,097.9			2,081.7		(1%)	(9%)		2,313.2			2,089.8		(10%)
Average Diluted		2,289.0			2,237.1			2,166.8			2,113.7			2,084.3		(1%)	(9%)		2,315.7			2,103.0		(9%)
Common Shares Outstanding, at period end		2,259.1			2,183.2			2,114.1			2,081.8			2,081.9		-	(8%)

Preferred Dividends	$	296		$	254		$	296		$	291		$	253		(13%)	(15%)	$	558		$	544		(3%)

Income Allocated to Unrestricted Common Shareholders - Basic
Income from Continuing Operations	$	4,436		$	4,647		$	4,653		$	2,228		$	1,053		(53%)	(76%)	$	8,827		$	3,281		(63%)
Citigroup's Net Income	$	4,453		$	4,632		$	4,649		$	2,210		$	1,052		(52%)	(76%)	$	8,842		$	3,262		(63%)

Income Allocated to Unrestricted Common Shareholders - Diluted
Income from Continuing Operations	$	4,436		$	4,656		$	4,661		$	2,235		$	1,053		(53%)	(76%)	$	8,827		$	3,295		(63%)
Citigroup's Net Income	$	4,453		$	4,641		$	4,657		$	2,217		$	1,052		(53%)	(76%)	$	8,842		$	3,276		(63%)

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 (CET1) Capital Ratio^(3)(4)(5)		11.89	%		11.58	%		11.81	%		11.17	%		11.5	%
Tier 1 Capital Ratio^(3)(4)(5)		13.40	%		13.20	%		13.36	%		12.61	%		13.0	%
Total Capital Ratio^(3)(4)(5)		16.33	%		16.07	%		15.97	%		15.06	%		15.5	%
Supplementary Leverage Ratio (SLR)^(4)(5)(6)		6.36	%		6.27	%		6.21	%		5.97	%		6.7	%
Return on Average Assets		0.97	%		0.97	%		0.99	%		0.49	%		0.23	%				0.98	%		0.36	%
Return on Average Common Equity		10.1	%		10.4	%		10.6	%		5.2	%		2.4	%				10.2	%		3.8	%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)		56.0	%		56.3	%		56.9	%		51.1	%		52.7	%				56.5	%		51.9	%

Balance Sheet Data (in billions of dollars, except per share amounts)⁽⁴⁾:
Total Assets	$	1,988.2		$	2,014.8		$	1,951.2		$	2,219.8		$	2,232.7		1%	12%
Total Average Assets		1,979.1			2,000.1			1,996.6			2,079.7			2,266.6		9%	15%	$	1,959.3		$	2,173.2		11%
Total Deposits		1,045.6			1,087.8			1,070.6			1,184.9			1,233.7		4%	18%
Citigroup's Stockholders' Equity		197.4			196.4			193.2			192.3			191.6		-	(3%)
Book Value Per Share		79.40			81.02			82.90			83.75			83.41		-	5%
Tangible Book Value Per Share⁽⁷⁾		67.64			69.03			70.39			71.52			71.15		(1%)	5%

Direct Staff (in thousands)		200			199			200			201			204		1%	2%

(1)	4Q19 includes discrete tax items of roughly $540 million, including an approximate $430 million benefit of a reduction in Citi’s valuation allowance related to its Deferred Tax Assets (DTAs).

(2)	3Q19 includes discrete tax items of roughly $230 million, including an approximate $180 million benefit of a reduction in Citi’s valuation allowance related to its DTAs.

(3)

Citi's reportable CET1 Capital and Tier 1 Capital ratios were derived under the U.S. Basel III Advanced Approaches framework as of June 30, 2020 and March 31, 2020, and the U.S. Basel III Standardized Approach framework for all prior periods presented, whereas Citi's reportable Total Capital ratios were derived under the U.S. Basel III Advanced Approaches framework for all periods presented. 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. For the composition of Citi's CET1 Capital and ratio, see page 27.

(4)	June 30, 2020 is preliminary.

(5)	See footnote 4 on page 27

(6)	For the composition of Citi's SLR, see page 27.

(7)	Tangible book value per share is a non-GAAP financial measure. For a reconciliation of this measure to reported results, see page 27.

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.

Page 1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)


	2Q		3Q		4Q		1Q		2Q		2Q20 Increase/ (Decrease) from		Six Months		Six Months		YTD 2020 vs. YTD 2019 Increase/
	2019		2019		2019		2020		2020		1Q20	2Q19	2019		2020		(Decrease)

Revenues
Interest revenue	$	19,712	$	19,177	$	18,545	$	17,139	$	14,589	(15%)	(26%)	$	38,788	$	31,728	(18%)
Interest expense		7,762		7,536		6,548		5,647		3,509	(38%)	(55%)		15,079		9,156	(39%)
Net interest revenue		11,950		11,641		11,997		11,492		11,080	(4%)	(7%)		23,709		22,572	(5%)

Commissions and fees		2,881		2,906		3,033		3,021		2,933	(3%)	2%		5,807		5,954	3%
Principal transactions		1,874		2,802		1,412		5,261		4,157	(21%)	NM		4,678		9,418	NM
Administrative and other fiduciary fees		869		880		823		854		819	(4%)	(6%)		1,708		1,673	(2%)
Realized gains (losses) on investments		468		361		515		432		748	73%	60%		598		1,180	97%
Impairment losses on investments and other assets		(5)		(14)		(5)		(55)		(69)	(25%)	NM		(13)		(124)	NM
Provision for credit losses on AFS debt securities⁽¹⁾		-		-		-		-		(8)	NM	NM		-		(8)	NM
Other revenue (loss)		721		(2)		603		(274)		106	NM	(85%)		847		(168)	NM
Total non-interest revenues		6,808		6,933		6,381		9,239		8,686	(6%)	28%		13,625		17,925	32%
Total revenues, net of interest expense		18,758		18,574		18,378		20,731		19,766	(5%)	5%		37,334		40,497	8%


Provisions for credit losses and for benefits and claims
Net credit losses		1,963		1,913		1,944		2,108		2,206	5%	12%		3,911		4,314	10%
Credit reserve build / (release) for loans		126		149		179		4,336		5,490	27%	NM		122		9,826	NM
Provision for credit losses on loans		2,089		2,062		2,123		6,444		7,696	19%	NM		4,033		14,140	NM
Provision for credit losses on Held-to-maturity (HTM) debt securities		-		-		-		6		31	NM	NM		-		37	NM
Provision for credit losses on other assets		-		-		-		(4)		48	NM	NM		-		44	NM
Policyholder benefits and claims		19		17		25		24		15	(38%)	(21%)		31		39	26%
Provision for credit losses on unfunded lending commitments		(15)		9		74		557		113	(80%)	NM		9		670	NM
Total provisions for credit losses and for benefits and claims		2,093		2,088		2,222		7,027		7,903	12%	NM		4,073		14,930	NM

Operating expenses
Compensation and benefits		5,381		5,329		5,065		5,654		5,624	(1%)	5%		11,039		11,278	2%
Premises and equipment		569		580		615		565		562	(1%)	(1%)		1,133		1,127	(1%)
Technology / communication		1,724		1,783		1,850		1,723		1,741	1%	1%		3,444		3,464	1%
Advertising and marketing		434		378		345		328		299	(9%)	(31%)		793		627	(21%)
Other operating		2,392		2,394		2,579		2,324		2,189	(6%)	(8%)		4,675		4,513	(3%)
Total operating expenses		10,500		10,464		10,454		10,594		10,415	(2%)	(1%)		21,084		21,009	-

Income from Continuing Operations before income taxes		6,165		6,022		5,702		3,110		1,448	(53%)	(77%)		12,177		4,558	(63%)
Provision for income taxes ⁽²⁾⁽³⁾		1,373		1,079		703		576		131	(77%)	(90%)		2,648		707	(73%)

Income (loss) from continuing operations		4,792		4,943		4,999		2,534		1,317	(48%)	(73%)		9,529		3,851	(60%)
Discontinued operations
Income (loss) from discontinued operations		(10)		(15)		(4)		(18)		(1)	94%	90%		(12)		(19)	(58%)
Provision (benefit) for income taxes		(27)		-		-		-		-	-	100%		(27)		-	100%
Income (loss) from discontinued operations, net of taxes		17		(15)		(4)		(18)		(1)	94%	NM		15		(19)	NM

Net income before noncontrolling interests		4,809		4,928		4,995		2,516		1,316	(48%)	(73%)		9,544		3,832	(60%)

Net income (loss) attributable to noncontrolling interests		10		15		16		(6)		-	100%	(100%)		35		(6)	NM
Citigroup's net income	$	4,799	$	4,913	$	4,979	$	2,522	$	1,316	(48%)	(73%)	$	9,509	$	3,838	(60%)

(1)	In accordance with ASC 326.

(2)	4Q19 includes discrete tax items of roughly $540 million, including an approximate $430 million benefit of a reduction in Citi’s valuation allowance related to its Deferred Tax Assets (DTAs).

(3)	3Q19 includes discrete tax items of roughly $230 million, including an approximate $180 million benefit of a reduction in Citi’s valuation allowance related to its DTAs.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)


													2Q20 Increase/
	June 30,		September 30,		December 31,			March 31,			June 30,		(Decrease) from
	2019		2019			2019			2020		2020 ⁽¹⁾		1Q20	2Q19
Assets
Cash and due from banks (including segregated cash and other deposits)	$	24,997	$	24,086		$	23,967		$	23,755	$	22,889	(4%)	(8%)
Deposits with banks, net of allowance		178,246		196,357			169,952			262,165		286,884	9%	61%
Securities borrowed and purchased under agreements to resell, net of allowance		259,769		261,125			251,322			262,536		282,917	8%	9%
Brokerage receivables, net of allowance		50,027		54,215			39,857			68,555		51,633	(25%)	3%
Trading account assets		306,831		306,824			276,140			365,000		362,311	(1%)	18%
Investments
Available-for-sale debt securities, net of allowance		273,435		275,425			280,265			308,219		342,256	11%	25%
Held-to-maturity debt securities, net of allowance		68,693		75,841			80,775			82,315		83,332	1%	21%
Equity securities		7,574		7,117			7,523			8,349		7,665	(8%)	1%
Total investments		349,702		358,383			368,563			398,883		433,253	9%	24%
Loans, net of unearned income
Consumer		296,505		297,400			309,548			288,430		281,113	(3%)	(5%)
Corporate		392,165		394,343			389,935			432,590		404,179	(7%)	3%
Loans, net of unearned income		688,670		691,743			699,483			721,020		685,292	(5%)	-
Allowance for credit losses on loans (ACLL)		(12,466)		(12,530)			(12,783)			(20,841)		(26,420)	(27%)	NM
Total loans, net		676,204		679,213			686,700			700,179		658,872	(6%)	(3%)
Goodwill		22,065		21,822			22,126			21,264		21,399	1%	(3%)
Intangible assets (including MSRs)		5,026		4,844			4,822			4,560		4,451	(2%)	(11%)
Other assets, net of allowance		115,359		107,933			107,709			112,873		108,106	(4%)	(6%)
Total assets	$	1,988,226	$	2,014,802		$	1,951,158		$	2,219,770	$	2,232,715	1%	12%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	95,659	$	99,731		$	98,811		$	113,371	$	115,386	2%	21%
Interest-bearing deposits in U.S. offices		382,738		407,872			401,418			462,327		490,823	6%	28%
Total U.S. deposits		478,397		507,603			500,229			575,698		606,209	5%	27%
Non-interest-bearing deposits in offices outside the U.S.		82,750		82,723			85,692			85,439		87,479	2%	6%
Interest-bearing deposits in offices outside the U.S.		484,460		497,443			484,669			523,774		539,972	3%	11%
Total international deposits		567,210		580,166			570,361			609,213		627,451	3%	11%

Total deposits		1,045,607		1,087,769			1,070,590			1,184,911		1,233,660	4%	18%
Securities loaned and sold under agreements to resell		181,133		195,047			166,339			222,324		215,722	(3%)	19%
Brokerage payables		69,839		63,342			48,601			74,368		60,567	(19%)	(13%)
Trading account liabilities		136,294		135,596			119,894			163,995		149,264	(9%)	10%
Short-term borrowings		42,442		35,230			45,049			54,951		40,156	(27%)	(5%)
Long-term debt		252,189		242,238			248,760			266,098		279,775	5%	11%
Other liabilities⁽²⁾		62,612		58,510			57,979			60,141		61,269	2%	(2%)
Total liabilities	$	1,790,116	$	1,817,732		$	1,757,212		$	2,026,788	$	2,040,413	1%	14%

Equity
Stockholders' equity
Preferred stock	$	17,980	$	19,480		$	17,980		$	17,980	$	17,980	-	-
Common stock		31		31			31			31		31	-	-
Additional paid-in capital		107,657		107,741			107,840			107,550		107,668	-	-
Retained earnings		158,321		161,797			165,369			163,438		163,431	-	3%
Treasury stock, at cost		(51,427)		(56,541)			(61,660)			(64,147)		(64,143)	-	(25%)
Accumulated other comprehensive income (loss) (AOCI)		(35,203)		(36,135)			(36,318)			(32,521)		(33,345)	(3%)	5%
Total common equity	$	179,379	$	176,893		$	175,262		$	174,351	$	173,642	-	(3%)

Total Citigroup stockholders' equity	$	197,359	$	196,373		$	193,242		$	192,331	$	191,622	-	(3%)
Noncontrolling interest		751		697			704			651		680	4%	(9%)
Total equity		198,110		197,070			193,946			192,982		192,302	-	(3%)
Total liabilities and equity	$	1,988,226	$	2,014,802		$	1,951,158		$	2,219,770	$	2,232,715	1%	12%

(1)	Preliminary.

(2)	Includes allowance for credit losses for unfunded lending commitments. See page 23 for amounts by period.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 3

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)


											2Q20 Increase/		Six		Six		YTD 2020 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2019 Increase/
	2019		2019		2019		2020		2020		1Q20	2Q19	2019		2020		(Decrease)
Global Consumer Banking
North America	$	4,966	$	5,179	$	5,253	$	5,224	$	4,742	(9%)	(5%)	$	9,966	$	9,966	-
Latin America		1,320		1,269		1,377		1,199		1,050	(12%)	(20%)		2,592		2,249	(13%)
Asia⁽¹⁾		1,847		1,841		1,829		1,751		1,547	(12%)	(16%)		3,665		3,298	(10%)
Total		8,133		8,289		8,459		8,174		7,339	(10%)	(10%)		16,223		15,513	(4%)

Institutional Clients Group
North America		3,632		3,244		3,314		4,947		4,987	1%	37%		6,901		9,934	44%
EMEA		2,960		3,138		2,738		3,470		3,392	(2%)	15%		6,130		6,862	12%
Latin America		1,307		1,294		1,297		1,418		1,207	(15%)	(8%)		2,575		2,625	2%
Asia		2,156		2,175		2,028		2,649		2,551	(4%)	18%		4,467		5,200	16%
Total		10,055		9,851		9,377		12,484		12,137	(3%)	21%		20,073		24,621	23%

Corporate / Other		570		434		542		73		290	NM	(49%)		1,038		363	(65%)

Total Citigroup - Net Revenues	$	18,758	$	18,574	$	18,378	$	20,731	$	19,766	(5%)	5%	$	37,334	$	40,497	8%

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

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 4

SEGMENT DETAIL

INCOME

(In millions of dollars)

											2Q20 Increase/		Six		Six		YTD 2020 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2019 Increase/
	2019		2019		2019		2020		2020		1Q20	2Q19	2019		2020		(Decrease)
Income (Loss) from Continuing Operations

Global Consumer Banking
North America	$	663	$	884	$	970	$	(910)	$	(459)	50%	NM	$	1,370	$	(1,369)	NM
Latin America		234		217		234		(36)		18	NM	(92%)		450		(18)	NM
Asia ⁽¹⁾		404		402		374		191		43	(77%)	(89%)		801		234	(71%)
Total		1,301		1,503		1,578		(755)		(398)	47%	NM		2,621		(1,153)	NM

Institutional Clients Group

North America		1,050		818		895		896		660	(26%)	(37%)		1,798		1,556	(13%)
EMEA		1,005		1,060		677		1,035		493	(52%)	(51%)		2,130		1,528	(28%)
Latin America		519		487		565		526		(194)	NM	NM		1,059		332	(69%)
Asia		851		864		741		1,169		921	(21%)	8%		1,850		2,090	13%
Total		3,425		3,229		2,878		3,626		1,880	(48%)	(45%)		6,837		5,506	(19%)


Corporate / Other		66		211		543		(337)		(165)	51%	NM		71		(502)	NM

Income From Continuing Operations	$	4,792	$	4,943	$	4,999	$	2,534	$	1,317	(48%)	(73%)	$	9,529	$	3,851	(60%)

Discontinued Operations		17		(15)		(4)		(18)		(1)	94%	NM		15		(19)	NM

Net Income Attributable to Noncontrolling Interests		10		15		16		(6)		-	100%	(100)%		35		(6)	NM

Total Citigroup - Net Income	$	4,799	$	4,913	$	4,979	$	2,522	$	1,316	(48%)	(73%)	$	9,509	$	3,838	(60%)

Average Assets (in billions)
North America	$	1,028	$	1,054	$	1,053	$	1,113	$	1,256	13%	22%	$	1,012	$	1,184	17%
EMEA⁽¹⁾		370		363		357		378		412	9%	11%		367		395	8%
Latin America		128		130		133		129		128	(1%)	-		127		129	2%
Asia⁽¹⁾		355		356		359		366		378	3%	6%		354		372	5%
Corporate / Other		98		97		95		94		93	(1%)	(5%)		99		94	(5%)
Total	$	1,979	$	2,000	$	1,997	$	2,080	$	2,267	9%	15%	$	1,959	$	2,174	11%

Return on Average Assets (ROA) on Net Income (Loss)
North America		0.67%		0.64%		0.70%		0.00%		0.06%				0.63%		0.03%
EMEA⁽¹⁾		1.08%		1.14%		0.74%		1.09%		0.48%				1.15%		0.77%
Latin America		2.36%		2.15%		2.38%		1.53%		(0.55%)				2.40%		0.49%
Asia⁽¹⁾		1.42%		1.41%		1.22%		1.50%		1.03%				1.51%		1.26%
Corporate / Other		0.34%		0.78%		2.24%		(1.50%)		(0.70%)				0.15%		(1.10%)
Total		0.97%		0.97%		0.99%		0.49%		0.23%				0.98%		0.36%

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

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 5

GLOBAL CONSUMER BANKING

Page 1

(In millions of dollars, except as otherwise noted)


											2Q20 Increase/		Six		Six		YTD 2020 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2019 Increase/
	2019		2019		2019		2020		2020		1Q20	2Q19	2019		2020		(Decrease)
Net Interest Revenue	$	6,957	$	7,127	$	7,181	$	7,072	$	6,534	(8%)	(6%)	$	13,897	$	13,606	(2%)
Non-Interest Revenue		1,176		1,162		1,278		1,102		805	(27%)	(32%)		2,326		1,907	(18%)
Total Revenues, Net of Interest Expense		8,133		8,289		8,459		8,174		7,339	(10%)	(10%)		16,223		15,513	(4%)
Total Operating Expenses		4,471		4,368		4,373		4,368		4,013	(8%)	(10%)		8,887		8,381	(6%)
Net Credit Losses on Loans		1,870		1,802		1,842		1,983		1,887	(5%)	1%		3,738		3,870	4%
Credit Reserve Build / (Release) for Loans		94		129		120		2,829		1,960	(31%)	NM		190		4,789	NM
Provision for Credit Losses on Unfunded Lending Commitments		-		2		2		(1)		-	100%	-		(3)		(1)	67%
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		19		17		25		20		38	90%	100%		31		58	87%
Provisions for Credit Losses and for Benefits and Claims (PBC)		1,983		1,950		1,989		4,831		3,885	(20%)	96%		3,956		8,716	NM
Income (Loss) from Continuing Operations before Taxes		1,679		1,971		2,097		(1,025)		(559)	45%	NM		3,380		(1,584)	NM
Income Taxes (Benefits)		378		468		519		(270)		(161)	40%	NM		759		(431)	NM
Income (Loss) from Continuing Operations		1,301		1,503		1,578		(755)		(398)	47%	NM		2,621		(1,153)	NM
Noncontrolling Interests		1		2		3		(1)		(2)	(100%)	NM		1		(3)	NM
Net Income (Loss)	$	1,300	$	1,501	$	1,575	$	(754)	$	(396)	47%	NM	$	2,620	$	(1,150)	NM
EOP Assets (in billions)	$	390	$	394	$	407	$	403	$	423	5%	8%
Average Assets (in billions)		384		392		399		406		418	3%	9%	$	382	$	412	8%
Return on Average Assets		1.36%		1.52%		1.57%		(0.75%)		(0.38%)				1.38%		(0.56%)
Efficiency Ratio		55%		53%		52%		53%		55%				55%		54%

Net Credit Losses as a % of Average Loans		2.68%		2.52%		2.51%		2.75%		2.80%				2.69%		2.77%

Revenue by Business
Retail Banking	$	3,202	$	3,117	$	3,124	$	3,046	$	2,836	(7%)	(11%)	$	6,308	$	5,882	(7%)
Cards ⁽¹⁾		4,931		5,172		5,335		5,128		4,503	(12%)	(9%)		9,915		9,631	(3%)
Total	$	8,133	$	8,289	$	8,459	$	8,174	$	7,339	(10%)	(10%)	$	16,223	$	15,513	(4%)

Net Credit Losses on Loans by Business
Retail Banking	$	225	$	225	$	227	$	235	$	204	(13%)	(9%)	$	458	$	439	(4%)
Cards ⁽¹⁾		1,645		1,577		1,615		1,748		1,683	(4%)	2%		3,280		3,431	5%
Total	$	1,870	$	1,802	$	1,842	$	1,983	$	1,887	(5%)	1%	$	3,738	$	3,870	4%

Income from Continuing Operations by Business
Retail Banking	$	517	$	492	$	424	$	120	$	71	(41%)	(86%)	$	926	$	191	(79%)
Cards ⁽¹⁾		784		1,011		1,154		(875)		(469)	46%	NM		1,695		(1,344)	NM
Total	$	1,301	$	1,503	$	1,578	$	(755)	$	(398)	47%	NM	$	2,621	$	(1,153)	NM

Foreign Currency (FX) Translation Impact
Total Revenue - as Reported	$	8,133	$	8,289	$	8,459	$	8,174	$	7,339	(10%)	(10%)	$	16,223	$	15,513	(4%)
Impact of FX Translation ⁽²⁾		(228)		(191)		(251)		(115)		-				(343)		-
Total Revenues - Ex-FX ⁽²⁾	$	7,905	$	8,098	$	8,208	$	8,059	$	7,339	(9%)	(7%)	$	15,880	$	15,513	(2%)

Total Operating Expenses – as Reported	$	4,471	$	4,368	$	4,373	$	4,368	$	4,013	(8%)	(10%)	$	8,887	$	8,381	(6%)
Impact of FX Translation ⁽²⁾		(121)		(107)		(140)		(68)		-				(186)		-
Total Operating Expenses - Ex-FX ⁽²⁾	$	4,350	$	4,261	$	4,233	$	4,300	$	4,013	(7%)	(8%)	$	8,701	$	8,381	(4%)

Total Provisions for Credit Losses & PBC - as Reported	$	1,983	$	1,950	$	1,989	$	4,831	$	3,885	(20%)	96%	$	3,956	$	8,716	NM
Impact of FX Translation ⁽²⁾		(57)		(42)		(51)		(62)		-				(83)		-
Total Provisions for Credit Losses & PBC - Ex-FX ⁽²⁾	$	1,926	$	1,908	$	1,938	$	4,769	$	3,885	(19%)	NM	$	3,873	$	8,716	NM

Net Income (Loss) – as Reported	$	1,300	$	1,501	$	1,575	$	(754)	$	(396)	47%	NM	$	2,620	$	(1,150)	NM
Impact of FX Translation ⁽²⁾		(33)		(29)		(41)		13		-				(49)		-
Total Net Income (Loss) - Ex-FX ⁽²⁾	$	1,267	$	1,472	$	1,534	$	(741)	$	(396)	47%	NM	$	2,571	$	(1,150)	NM

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

(2)	Reflects the impact of foreign currency (FX) translation into U.S. dollars at the 2Q20 average exchange rates for all periods presented.

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

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 6

GLOBAL CONSUMER BANKING

Page 2


											2Q20 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2019		2019		2019		2020		2020		1Q20	2Q19
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		2,399		2,394		2,348		2,334		2,327	-	(3%)
Accounts (in millions)		55.5		55.8		55.9		55.9		55.5	(1%)	-
Average Deposits	$	275.2	$	276.8	$	282.6	$	290.1	$	301.9	4%	10%
Investment Sales		22.8		23.9		22.7		29.6		25.6	(14%)	12%
Investment Assets under Management (AUMs):
AUMS		156.6		157.8		166.5		138.1		153.9	11%	(2%)
AUMs Related to the LATAM Retirement Services Business		34.8		35.5		38.4		29.1		33.0	13%	(5%)
Total AUMs		191.4		193.3		204.9		167.2		186.9	12%	(2%)
Average Loans		118.1		119.5		123.0		123.1		121.8	(1%)	3%
EOP Loans:
Mortgages	$	81.9	$	83.0	$	85.1	$	83.3	$	85.6	3%	5%
Personal, Small Business and Other		37.8		37.6		39.7		36.9		38.0	3%	1%
EOP Loans	$	119.7	$	120.6	$	124.8	$	120.2	$	123.6	3%	3%

Total Net Interest Revenue (in millions)⁽¹⁾	$	2,119	$	2,069	$	2,048	$	1,981	$	1,918	(3%)	(9%)
As a % of Average Loans		7.20%		6.87%		6.61%		6.47%		6.33%

Net Credit Losses on Loans (in millions)	$	225	$	225	$	227	$	235	$	204	(13%)	(9%)
As a % of Average Loans		0.76%		0.75%		0.73%		0.77%		0.67%
Loans 90+ Days Past Due (in millions)⁽²⁾	$	416	$	392	$	438	$	429	$	497	16%	19%
As a % of EOP Loans		0.35%		0.33%		0.35%		0.36%		0.40%
Loans 30-89 Days Past Due (in millions)⁽²⁾	$	831	$	803	$	816	$	794	$	918	16%	10%
As a % of EOP Loans		0.70%		0.67%		0.66%		0.66%		0.75%

Cards Key Indicators (in millions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)		139.5		138.2		138.3		137.3		134.6	(2%)	(4%)
Purchase Sales (in billions)	$	142.0	$	141.8	$	152.0	$	127.6	$	108.3	(15%)	(24%)

Average Loans (in billions)⁽³⁾		162.0		164.6		168.0		167.2		149.7	(10%)	(8%)
EOP Loans (in billions)⁽³⁾		165.1		165.8		175.1		159.1		149.0	(6%)	(10%)
Average Yield⁽⁴⁾		13.87%		13.87%		13.62%		13.59%		13.40%
Total Net Interest Revenue⁽⁵⁾	$	4,838	$	5,058	$	5,133	$	5,091	$	4,616	(9%)	(5%)
As a % of Average Loans⁽⁵⁾		11.98%		12.19%		12.12%		12.25%		12.40%
Net Credit Losses on Loans	$	1,645	$	1,577	$	1,615	$	1,748	$	1,683	(4%)	2%
As a % of Average Loans		4.07%		3.80%		3.81%		4.20%		4.52%
Net Credit Margin⁽⁶⁾	$	3,286	$	3,598	$	3,722	$	3,378	$	2,812	(17%)	(14%)
As a % of Average Loans⁽⁶⁾		8.14%		8.67%		8.79%		8.13%		7.55%
Loans 90+ Days Past Due	$	2,010	$	2,078	$	2,299	$	2,174	$	1,969	(9%)	(2%)
As a % of EOP Loans		1.22%		1.25%		1.31%		1.37%		1.32%
Loans 30-89 Days Past Due⁽⁷⁾	$	1,952	$	2,153	$	2,185	$	2,076	$	1,585	(24%)	(19%)
As a % of EOP Loans		1.18%		1.30%		1.25%		1.30%		1.06%

(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.

(7)The decrease in loans 30-89 days past due at June 30, 2020 reflect the impact of loan modifications that were implemented during the second quarter of 2020 related to various COVID-19 consumer relief programs.

Reclassified to conform to the current period's presentation.

Page 7

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 1

(In millions of dollars, except as otherwise noted)


											2Q20 Increase/		Six		Six		YTD 2020 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2019 Increase/
	2019		2019		2019		2020		2020		1Q20	2Q19	2019		2020		(Decrease)

Net Interest Revenue	$	4,869	$	5,041	$	5,062	$	5,036	$	4,707	(7%)	(3%)	$	9,766	$	9,743	-
Non-Interest Revenue		97		138		191		188		35	(81%)	(64%)		200		223	12%
Total Revenues, Net of Interest Expense		4,966		5,179		5,253		5,224		4,742	(9%)	(5%)		9,966		9,966	-
Total Operating Expenses		2,621		2,511		2,450		2,536		2,346	(7%)	(10%)		5,193		4,882	(6%)
Net Credit Losses on Loans		1,417		1,350		1,408		1,526		1,484	(3%)	5%		2,825		3,010	7%
Credit Reserve Build / (Release) for Loans		81		161		109		2,362		1,499	(37%)	NM		199		3,861	NM
Provision for Credit Losses on Unfunded Lending Commitments		-		2		2		(1)		-	100%	-		(3)		(1)	67%
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		6		4		3		5		19	NM	NM		12		24	100%
Provisions for Credit Losses and for Benefits and Claims		1,504		1,517		1,522		3,892		3,002	(23%)	100%		3,033		6,894	NM
Income (Loss) from Continuing Operations before Taxes		841		1,151		1,281		(1,204)		(606)	50%	NM		1,740		(1,810)	NM
Income Taxes (Benefits)		178		267		311		(294)		(147)	50%	NM		370		(441)	NM
Income (Loss) from Continuing Operations		663		884		970		(910)		(459)	50%	NM		1,370		(1,369)	NM
Noncontrolling Interests		-		-		-		-		-	-	-		-		-	-
Net Income (Loss)	$	663	$	884	$	970	$	(910)	$	(459)	50%	NM	$	1,370	$	(1,369)	NM
Average Assets (in billions)	$	229	$	235	$	237	$	246	$	264	7%	15%	$	228	$	255	12%
Return on Average Assets		1.16%		1.49%		1.62%		(1.49%)		(0.70%)				1.21%		(1.08%)
Efficiency Ratio		53%		48%		47%		49%		49%				52%		49%

Net Credit Losses as a % of Average Loans		3.07%		2.84%		2.90%		3.18%		3.30%				3.07%		3.23%

Revenue by Business
Retail Banking	$	1,159	$	1,131	$	1,108	$	1,130	$	1,122	(1%)	(3%)	$	2,290	$	2,252	(2%)
Citi-Branded Cards		2,197		2,334		2,439		2,347		2,218	(5%)	1%		4,392		4,565	4%
Citi Retail Services		1,610		1,714		1,706		1,747		1,402	(20%)	(13%)		3,284		3,149	(4%)
Total	$	4,966	$	5,179	$	5,253	$	5,224	$	4,742	(9%)	(5%)	$	9,966	$	9,966	-

Net Credit Losses on Loans by Business
Retail Banking	$	40	$	40	$	42	$	37	$	33	(11%)	(18%)	$	79	$	70	(11%)
Citi-Branded Cards		723		712		723		795		795	-	10%		1,429		1,590	11%
Citi Retail Services		654		598		643		694		656	(5%)	-		1,317		1,350	3%
Total	$	1,417	$	1,350	$	1,408	$	1,526	$	1,484	(3%)	5%	$	2,825	$	3,010	7%

Income (Loss) from Continuing Operations by Business
Retail Banking	$	56	$	67	$	52	$	(73)	$	(82)	(12%)	NM	$	77	$	(155)	NM
Citi-Branded Cards		364		441		555		(529)		(381)	28%	NM		746		(910)	NM
Citi Retail Services		243		376		363		(308)		4	NM	(98%)		547		(304)	NM
Total	$	663	$	884	$	970	$	(910)	$	(459)	50%	NM	$	1,370	$	(1,369)	NM

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 8

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2


											2Q20 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2019		2019		2019		2020		2020		1Q20	2Q19

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

Branches (actual)		688		687		687		687		687	-	-
Accounts (in millions)		9.1		9.1		9.1		9.1		9.1	-	-
Average Deposits	$	151.6	$	153.6	$	156.2	$	161.3	$	172.5	7%	14%
Investment Sales		9.6		9.6		9.8		12.4		11.0	(11%)	15%
Investment AUMs		68.2		68.5		72.2		62.0		69.3	12%	2%

Average Loans		47.8		48.6		49.8		50.5		52.2	3%	9%

EOP Loans:
Mortgages		45.3		46.3		47.5		47.9		48.9	2%	8%
Personal, Small Business and Other		2.9		2.8		2.8		2.9		4.2	45%	45%
Total EOP Loans	$	48.2	$	49.1	$	50.3	$	50.8	$	53.1	5%	10%

Mortgage Originations ⁽¹⁾	$	3.9	$	5.0	$	6.0	$	4.1	$	6.4	56%	64%

Third Party Mortgage Servicing Portfolio (EOP)		44.5		44.2		43.8		43.9		43.5	(1%)	(2%)

Net Servicing and Gain/(Loss) on Sale (in millions)		31.3		32.9		38.2		86.3		81.8	(5%)	NM

Saleable Mortgage Rate Locks		1.5		1.9		2.0		2.9		2.2	(24%)	47%

Net Interest Revenue on Loans (in millions)		175		171		178		184		179	(3%)	2%
As a % of Average Loans		1.47%		1.40%		1.42%		1.47%		1.38%

Net Credit Losses on Loans (in millions)	$	40	$	40	$	42	$	37	$	33	(11%)	(18%)
As a % of Average Loans		0.34%		0.33%		0.33%		0.29%		0.25%

Loans 90+ Days Past Due (in millions)⁽²⁾	$	133	$	125	$	146	$	161	$	182	13%	37%
As a % of EOP Loans		0.28%		0.26%		0.29%		0.32%		0.35%
Loans 30-89 Days Past Due (in millions)⁽²⁾	$	341	$	313	$	334	$	298	$	440	48%	29%
As a % of EOP Loans		0.72%		0.65%		0.67%		0.59%		0.84%

(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 $162 million and ($0.6 billion), $150 million and ($0.6 billion), $135 million and ($0.5 billion), $124 million and ($0.5 billion), and $130 million and ($0.5 billion) as of June 30, 2019, September 30, 2019, December 31, 2019, March 31, 2020 and June 30, 2020, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $89 million and ($0.6 billion), $78 million and ($0.6 billion), $72 million and ($0.5 billion), and $64 million and ($0.5 billion), and $86 million and ($0.5 billion) as of June 30, 2019, September 30, 2019, December 31, 2019, March 31, 2020 and June 30, 2020, respectively.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 9

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3


											2Q20 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2019		2019		2019		2020		2020		1Q20	2Q19

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) ⁽¹⁾
EOP Open Accounts (in millions)		34.8		34.7		34.9		35.0		34.6	(1%)	(1%)
Purchase Sales (in billions)	$	93.2	$	93.5	$	98.1	$	85.8	$	73.8	(14%)	(21%)
Average Loans (in billions)⁽¹⁾		88.4		90.5		92.4		92.3		82.6	(11%)	(7%)
EOP Loans (in billions)⁽¹⁾		90.6		91.5		96.3		88.4		82.6	(7%)	(9%)
Average Yield ⁽²⁾		11.13%		11.19%		10.96%		10.86%		10.73%	(1%)	(4%)

Total Net Interest Revenue ⁽³⁾	$	1,974	$	2,084	$	2,144	$	2,142	$	2,003	(6%)	1%
As a % of Avg. Loans ⁽³⁾		8.96%		9.14%		9.21%		9.33%		9.75%
Net Credit Losses on Loans	$	723	$	712	$	723	$	795	$	795	-	10%
As a % of Average Loans		3.28%		3.12%		3.10%		3.46%		3.87%
Net Credit Margin ⁽⁴⁾	$	1,470	$	1,621	$	1,715	$	1,550	$	1,417	(9%)	(4%)
As a % of Average Loans ⁽⁴⁾		6.67%		7.11%		7.36%		6.75%		6.90%
Loans 90+ Days Past Due	$	799	$	807	$	915	$	891	$	784	(12%)	(2%)
As a % of EOP Loans		0.88%		0.88%		0.95%		1.01%		0.95%
Loans 30-89 Days Past Due⁽⁵⁾	$	705	$	800	$	814	$	770	$	594	(23%)	(16%)
As a % of EOP Loans		0.78%		0.87%		0.85%		0.87%		0.72%


Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted)⁽¹⁾
EOP Open Accounts		84.1		83.0		82.9		81.9		80.1	(2%)	(5%)
Purchase Sales (in billions)	$	22.5	$	21.7	$	25.1	$	18.0	$	16.9	(6%)	(25%)
Average Loans (in billions)⁽¹⁾		49.1		49.7		50.5		50.5		46.2	(9%)	(6%)
EOP Loans (in billions)⁽¹⁾		49.6		50.0		52.9		48.9		45.4	(7%)	(8%)
Average Yield ⁽²⁾		18.10%		18.08%		17.66%		17.78%		17.29%	(3%)	(4%)

Total Net Interest Revenue ⁽³⁾	$	2,036	$	2,136	$	2,121	$	2,119	$	1,887	(11%)	(7%)
As a % of Avg. Loans ⁽³⁾		16.63%		17.05%		16.66%		16.88%		16.43%
Net Credit Losses on Loans	$	654	$	598	$	643	$	694	$	656	(5%)	-
As a % of Average Loans		5.34%		4.77%		5.05%		5.53%		5.71%
Net Credit Margin ⁽⁴⁾	$	953	$	1,113	$	1,061	$	1,048	$	741	(29%)	(22%)
As a % of Avg. Loans ⁽⁴⁾		7.79%		8.88%		8.34%		8.35%		6.45%
Loans 90+ Days Past Due	$	840	$	923	$	1,012	$	958	$	811	(15%)	(3%)
As a % of EOP Loans		1.69%		1.85%		1.91%		1.96%		1.79%
Loans 30-89 Days Past Due⁽⁵⁾	$	831	$	943	$	945	$	903	$	611	(32%)	(26%)
As a % of EOP Loans		1.68%		1.89%		1.79%		1.85%		1.35%

(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)	The decrease in loans 30-89 days past due at June 30, 2020 reflect the impact of loan modifications that were implemented during the second quarter of 2020 related to various COVID-19 consumer relief programs.

Reclassified to conform to the current period's presentation.

Page 10

GLOBAL CONSUMER BANKING

LATIN AMERICA ⁽¹⁾

Page 1

(In millions of dollars, except as otherwise noted)


											2Q20 Increase/		Six		Six		YTD 2020 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2019 Increase/
	2019		2019		2019		2020		2020		1Q20	2Q19	2019		2020		(Decrease)

Net Interest Revenue	$	918	$	913	$	931	$	887	$	755	(15%)	(18%)	$	1,795	$	1,642	(9%)
Non-Interest Revenue ⁽²⁾		402		356		446		312		295	(5%)	(27%)		797		607	(24%)
Total Revenues, Net of Interest Expense		1,320		1,269		1,377		1,199		1,050	(12%)	(20%)		2,592		2,249	(13%)
Total Operating Expenses		704		724		782		699		604	(14%)	(14%)		1,377		1,303	(5%)
Net Credit Losses on Loans		279		275		259		277		209	(25%)	(25%)		575		486	(15%)
Credit Reserve Build / (Release) for Loans		3		(34)		(5)		265		202	(24%)	NM		1		467	NM
Provision for Credit Losses on Unfunded Lending Commitments		-		-		-		-		-	-	-		-		-	-
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		13		13		22		15		16	7%	23%		19		31	63%
Provisions for Credit Losses and for Benefits and Claims (PBC)		295		254		276		557		427	(23%)	45%		595		984	65%
Income (Loss) from Continuing Operations before Taxes		321		291		319		(57)		19	NM	(94%)		620		(38)	NM
Income Taxes (Benefits)		87		74		85		(21)		1	NM	(99%)		170		(20)	NM
Income (Loss) from Continuing Operations		234		217		234		(36)		18	NM	(92%)		450		(18)	NM
Noncontrolling Interests		-		-		-		-		-	-	-		-		-	-
Net Income (Loss)	$	234	$	217	$	234	$	(36)	$	18	NM	(92%)	$	450	$	(18)	NM
Average Assets (in billions)	$	34	$	35	$	37	$	35	$	30	(14%)	(12%)	$	34	$	33	(3%)
Return on Average Assets		2.76%		2.46%		2.51%		(0.41%)		0.24%				2.67%		(0.11%)
Efficiency Ratio		53%		57%		57%		58%		58%				53%		58%

Net Credit Losses on Loans as a percentage of Average Loans		6.54%		6.42%		5.91%		6.67%		6.27%				6.74%		6.47%

Revenue by Business
Retail Banking	$	903	$	851	$	932	$	783	$	705	(10%)	(22%)	$	1,802	$	1,488	(17%)
Citi-Branded Cards		417		418		445		416		345	(17%)	(17%)		790		761	(4%)
Total	$	1,320	$	1,269	$	1,377	$	1,199	$	1,050	(12%)	(20%)	$	2,592	$	2,249	(13%)

Net Credit Losses on Loans by Business
Retail Banking	$	123	$	119	$	116	$	130	$	94	(28%)	(24%)	$	259	$	224	(14%)
Citi-Branded Cards		156		156		143		147		115	(22%)	(26%)		316		262	(17%)
Total	$	279	$	275	$	259	$	277	$	209	(25%)	(25%)	$	575	$	486	(15%)

Income from Continuing Operations by Business
Retail Banking	$	164	$	134	$	141	$	(23)	$	(2)	91%	NM	$	325	$	(25)	NM
Citi-Branded Cards		70		83		93		(13)		20	NM	(71%)		125		7	(94%)
Total	$	234	$	217	$	234	$	(36)	$	18	NM	(92%)	$	450	$	(18)	NM

FX Translation Impact
Total Revenue - as Reported	$	1,320	$	1,269	$	1,377	$	1,199	$	1,050	(12%)	(20%)	$	2,592	$	2,249	(13%)
Impact of FX Translation⁽²⁾		(193)		(169)		(210)		(111)		-				(266)		-
Total Revenues - Ex-FX⁽²⁾	$	1,127	$	1,100	$	1,167	$	1,088	$	1,050	(3%)	(7%)	$	2,326	$	2,249	(3%)

Total Operating Expenses - as Reported	$	704	$	724	$	782	$	699	$	604	(14%)	(14%)	$	1,377	$	1,303	(5%)
Impact of FX Translation⁽²⁾		(97)		(93)		(113)		(63)		-				(132)		-
Total Operating Expenses - Ex-FX ⁽²⁾	$	607	$	631	$	669	$	636	$	604	(5%)	-	$	1,245	$	1,303	5%

Total Provisions for Credit Losses and PBC - as Reported	$	295	$	254	$	276	$	557	$	427	(23%)	45%	$	595	$	984	65%
Impact of FX Translation⁽²⁾		(52)		(38)		(46)		(60)		-				(70)		-
Total Provisions for Credit Losses and PBC - Ex-FX⁽²⁾	$	243	$	216	$	230	$	497	$	427	(14%)	76%	$	525	$	984	87%

Net Income (Loss) - as Reported	$	234	$	217	$	234	$	(36)	$	18	NM	(92%)	$	450	$	(18)	NM
Impact of FX Translation⁽²⁾		(31)		(27)		(36)		11						(44)		-
Total Net Income (Loss) - Ex-FX⁽²⁾	$	203	$	190	$	198	$	(25)	$	18	NM	(91%)	$	406	$	(18)	NM

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

(2)	Reflects the impact of foreign currency (FX) translation into U.S. dollars at the 2Q20 average exchange rates for all periods presented.

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

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 11

GLOBAL CONSUMER BANKING

LATIN AMERICA

Page 2


											2Q20 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2019		2019		2019		2020		2020		1Q20	2Q19

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		1,459		1,458		1,419		1,411		1,406	-	(4%)
Accounts (in millions)		30.3		30.3		30.1		29.9		29.5	(1%)	(3%)
Average Deposits	$	22.8	$	22.5	$	23.0	$	22.9	$	20.6	(10%)	(10%)
Investment Sales		3.4		3.4		3.7		3.7		3.1	(16%)	(9%)
Investment AUMs:
AUMS		23.0		23.9		25.4		20.1		22.2	10%	(3%)
AUMs Related to the Retirement Services Business		34.8		35.5		38.4		29.1		33.0	13%	(5%)
Total AUMs		57.8		59.4		63.8		49.2		55.2	12%	(4%)
Average Loans		11.5		11.4		11.6		11.1		9.1	(18%)	(21%)
EOP Loans:
Mortgages		4.2		4.2		4.4		3.5		3.4	(3%)	(19%)
Personal, Small Business and Other		7.2		7.0		7.3		5.7		5.6	(2%)	(22%)
Total EOP Loans	$	11.4	$	11.2	$	11.7	$	9.2	$	9.0	(2%)	(21%)

Total Net Interest Revenue (in millions)⁽¹⁾	$	578	$	572	$	578	$	548	$	473	(14%)	(18%)
As a % of Average Loans ⁽¹⁾		20.16%		19.91%		19.77%		19.86%		20.91%
Net Credit Losses on Loans (in millions)	$	123	$	119	$	116	$	130	$	94	(28%)	(24%)
As a % of Average Loans		4.29%		4.14%		3.97%		4.71%		4.15%
Loans 90+ Days Past Due (in millions)	$	108	$	97	$	106	$	90	$	121	34%	12%
As a % of EOP Loans		0.95%		0.87%		0.91%		0.98%		1.34%
Loans 30-89 Days Past Due (in millions)	$	191	$	191	$	180	$	140	$	151	8%	(21%)
As a % of EOP Loans		1.68%		1.71%		1.54%		1.52%		1.68%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)		5.4		5.3		5.3		5.2		5.0	(4%)	(7%)
Purchase Sales	$	4.7	$	4.7	$	5.4	$	4.0	$	2.6	(35%)	(45%)
Average Loans ⁽²⁾	$	5.6	$	5.6	$	5.8	$	5.6	$	4.3	(23%)	(23%)
EOP Loans ⁽²⁾	$	5.7	$	5.5	$	6.0	$	4.5	$	4.2	(7%)	(26%)
Average Yield ⁽³⁾		25.21%		24.97%		24.91%		25.03%		25.50%	2%	1%

Total Net Interest Revenue (in millions)⁽⁴⁾	$	340	$	341	$	353	$	339	$	282	(17%)	(17%)
As a % of Average Loans⁽⁴⁾		24.35%		24.16%		24.15%		24.35%		26.38%
Net Credit Losses on Loans (in millions)	$	156	$	156	$	143	$	147	$	115	(22%)	(26%)
As a % of Average Loans		11.17%		11.05%		9.78%		10.56%		10.76%
Net Credit Margin (in millions)⁽⁵⁾	$	268	$	269	$	307	$	274	$	233	(15%)	(13%)
As a % of Average Loans⁽⁵⁾		19.20%		19.06%		21.00%		19.68%		21.79%
Loans 90+ Days Past Due (in millions)	$	169	$	152	$	165	$	121	$	160	32%	(5%)
As a % of EOP Loans		2.96%		2.76%		2.75%		2.69%		3.81%
Loans 30-89 Days Past Due (in millions)⁽⁶⁾	$	159	$	161	$	159	$	132	$	111	(16%)	(30%)
As a % of EOP Loans		2.79%		2.93%		2.65%		2.93%		2.64%

(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.

(6)	The decrease in loans 30-89 days past due at June 30, 2020 reflect the impact of loan modifications that were implemented during the second quarter of 2020 related to various COVID-19 consumer relief programs.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 12

GLOBAL CONSUMER BANKING

ASIA ⁽¹⁾

PAGE 1

(In millions of dollars, except as otherwise noted)


											2Q20 Increase/		Six		Six		YTD 2020 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2019 Increase/
	2019		2019		2019		2020		2020		1Q20	2Q19	2019		2020		(Decrease)

Net Interest Revenue	$	1,170	$	1,173	$	1,188	$	1,149	$	1,072	(7%)	(8%)	$	2,336	$	2,221	(5%)
Non-Interest Revenue		677		668		641		602		475	(21%)	(30%)		1,329		1,077	(19%)
Total Revenues, Net of Interest Expense		1,847		1,841		1,829		1,751		1,547	(12%)	(16%)		3,665		3,298	(10%)
Total Operating Expenses		1,146		1,133		1,141		1,133		1,063	(6%)	(7%)		2,317		2,196	(5%)
Net Credit Losses on Loans		174		177		175		180		194	8%	11%		338		374	11%
Credit Reserve Build / (Release) for Loans		10		2		16		202		259	28%	NM		(10)		461	NM
Provision for Credit Losses on Unfunded Lending Commitments		-		-		-		-		-	-	-		-		-	-
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		-		-		-		-		3	NM	NM		-		3	NM
Provisions for Credit Losses and for Benefits and Claims (PBC)		184		179		191		382		456	19%	NM		328		838	NM
Income from Continuing Operations before Taxes		517		529		497		236		28	(88%)	(95%)		1,020		264	(74%)
Income Taxes (Benefits)		113		127		123		45		(15)	NM	NM		219		30	(86%)
Income from Continuing Operations		404		402		374		191		43	(77%)	(89%)		801		234	(71%)
Noncontrolling Interests		1		2		3		(1)		(2)	(100%)	NM		1		(3)	NM
Net Income	$	403	$	400	$	371	$	192	$	45	(77%)	(89%)	$	800	$	237	(70%)
Average Assets (in billions)	$	121	$	122	$	125	$	125	$	124	(1%)	2%	$	121	$	125	3%
Return on Average Assets		1.34%		1.30%		1.18%		0.62%		0.15%				1.33%		0.38%
Efficiency Ratio		62%		62%		62%		65%		69%				63%		67%

Net Credit Losses on Loans as a percentage of Average Loans		0.90%		0.90%		0.86%		0.90%		1.01%				0.88%		0.96%

Revenue by Business
Retail Banking	$	1,140	$	1,135	$	1,084	$	1,133	$	1,009	(11%)	(11%)	$	2,216	$	2,142	(3%)
Citi-Branded Cards		707		706		745		618		538	(13%)	(24%)		1,449		1,156	(20%)
Total	$	1,847	$	1,841	$	1,829	$	1,751	$	1,547	(12%)	(16%)	$	3,665	$	3,298	(10%)

Net Credit Losses on Loans by Business
Retail Banking	$	62	$	66	$	69	$	68	$	77	13%	24%	$	120	$	145	21%
Citi-Branded Cards		112		111		106		112		117	4%	4%		218		229	5%
Total	$	174	$	177	$	175	$	180	$	194	8%	11%	$	338	$	374	11%

Income from Continuing Operations by Business
Retail Banking	$	297	$	291	$	231	$	216	$	155	(28%)	(48%)	$	524	$	371	(29%)
Citi-Branded Cards		107		111		143		(25)		(112)	NM	NM		277		(137)	NM
Total	$	404	$	402	$	374	$	191	$	43	(77%)	(89%)	$	801	$	234	(71%)

FX Translation Impact
Total Revenue - as Reported	$	1,847	$	1,841	$	1,829	$	1,751	$	1,547	(12%)	(16%)	$	3,665	$	3,298	(10%)
Impact of FX Translation ⁽²⁾		(35)		(22)		(41)		(4)		-				(77)		-
Total Revenues - Ex-FX ⁽²⁾	$	1,812	$	1,819	$	1,788	$	1,747	$	1,547	(11%)	(15%)	$	3,588	$	3,298	(8%)

Total Operating Expenses - as Reported	$	1,146	$	1,133	$	1,141	$	1,133	$	1,063	(6%)	(7%)	$	2,317	$	2,196	(5%)
Impact of FX Translation ⁽²⁾		(24)		(14)		(27)		(5)		-				(54)		-
Total Operating Expenses - Ex-FX ⁽²⁾	$	1,122	$	1,119	$	1,114	$	1,128	$	1,063	(6%)	(5%)	$	2,263	$	2,196	(3%)

Provisions for Credit Losses and PBC - as Reported	$	184	$	179	$	191	$	382	$	456	19%	NM	$	328	$	838	NM
Impact of FX Translation ⁽²⁾		(5)		(4)		(5)		(2)		-				(13)		-
Total Provisions for Credit Losses and PBC - Ex-FX ⁽²⁾	$	179	$	175	$	186	$	380	$	456	20%	NM	$	315	$	838	NM

Net Income - as Reported	$	403	$	400	$	371	$	192	$	45	(77%)	(89%)	$	800	$	237	(70%)
Impact of FX Translation ⁽²⁾		(2)		(2)		(5)		2		-				(5)		-
Total Net Income - Ex-FX ⁽²⁾	$	401	$	398	$	366	$	194	$	45	(77%)	(89%)	$	795	$	237	(70%)

(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 2Q20 average exchange rates for all periods presented.

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

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 13

GLOBAL CONSUMER BANKING

ASIA ⁽¹⁾

PAGE 2


											2Q20 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2019		2019		2019		2020		2020		1Q20	2Q19

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		252		249		242		236		234	(1%)	(7%)
Accounts (in millions)		16.1		16.4		16.7		16.9		16.9	-	5%
Average Deposits	$	100.8	$	100.7	$	103.4	$	105.9	$	108.8	3%	8%
Investment Sales	$	9.8	$	10.9	$	9.2	$	13.5	$	11.5	(15%)	17%
Investment AUMs	$	65.4	$	65.4	$	68.9	$	56.0	$	62.4	11%	(5%)
Average Loans	$	58.8	$	59.5	$	61.6	$	61.5	$	60.5	(2%)	3%
EOP Loans:
Mortgages	$	32.4	$	32.5	$	33.2	$	31.9	$	33.3	4%	3%
Personal, Small Business and Other		27.7		27.8		29.6		28.3		28.2	-	2%
Total EOP Loans	$	60.1	$	60.3	$	62.8	$	60.2	$	61.5	2%	2%

Total Net Interest Revenue (in millions)⁽²⁾	$	682	$	676	$	673	$	658	$	628	(5%)	(8%)
As a % of Average Loans ⁽²⁾		4.65%		4.51%		4.33%		4.30%		4.17%
Net Credit Losses on Loans (in millions)	$	62	$	66	$	69	$	68	$	77	13%	24%
As a % of Average Loans		0.42%		0.44%		0.44%		0.44%		0.51%
Loans 90+ Days Past Due (in millions)	$	175	$	170	$	186	$	178	$	194	9%	11%
As a % of EOP Loans		0.29%		0.28%		0.30%		0.30%		0.32%
Loans 30-89 Days Past Due (in millions)	$	299	$	299	$	302	$	356	$	327	(8%)	9%
As a % of EOP Loans		0.50%		0.50%		0.48%		0.59%		0.53%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)		15.2		15.2		15.2		15.2		14.9	(2%)	(2%)
Purchase Sales	$	21.6	$	21.9	$	23.4	$	19.8	$	15.0	(24%)	(31%)
Average Loans ⁽³⁾	$	18.9	$	18.8	$	19.3	$	18.8	$	16.6	(12%)	(12%)
EOP Loans ⁽³⁾	$	19.2	$	18.8	$	19.9	$	17.3	$	16.8	(3%)	(13%)
Average Yield ⁽⁴⁾		12.33%		12.39%		12.42%		12.37%		12.78%	3%	4%

Total Net Interest Revenue (in millions)⁽⁵⁾	$	488	$	497	$	515	$	491	$	444	(10%)	(9%)
As a % of Average Loans⁽⁶⁾		10.36%		10.49%		10.59%		10.50%		10.76%
Net Credit Losses on Loans (in millions)	$	112	$	111	$	106	$	112	$	117	4%	4%
As a % of Average Loans		2.38%		2.34%		2.18%		2.40%		2.83%
Net Credit Margin (in millions)⁽⁶⁾	$	595	$	595	$	639	$	506	$	421	(17%)	(29%)
As a % of Average Loans⁽⁶⁾		12.63%		12.56%		13.14%		10.83%		10.20%
Loans 90+ Days Past Due	$	202	$	196	$	207	$	204	$	214	5%	6%
As a % of EOP Loans		1.05%		1.04%		1.04%		1.18%		1.27%
Loans 30-89 Days Past Due	$	257	$	249	$	267	$	271	$	269	(1%)	5%
As a % of EOP Loans		1.34%		1.32%		1.34%		1.57%		1.60%

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

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

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

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

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

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

Reclassified to conform to the current period's presentation.

Page 14

INSTITUTIONAL CLIENTS GROUP

(In millions of dollars, except as otherwise noted)


											2Q20 Increase/		Six		Six		YTD 2020 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2019 Increase/
	2019		2019		2019		2020		2020		1Q20	2Q19	2019		2020		(Decrease)

Commissions and Fees	$	1,079	$	1,126	$	1,103	$	1,222	$	1,027	(16%)	(5%)	$	2,233	$	2,249	1%
Administration and Other Fiduciary Fees		709		707		657		691		684	(1%)	(4%)		1,392		1,375	(1%)
Investment Banking		1,101		1,045		1,181		1,231		1,526	24%	39%		2,214		2,757	25%
Principal Transactions		1,936		2,583		1,405		5,359		3,909	(27%)	NM		4,574		9,268	NM
Other ⁽¹⁾		721		319		509		(114)		419	NM	(42%)		1,001		305	(70%)
Total Non-Interest Revenue		5,546		5,780		4,855		8,389		7,565	(10%)	36%		11,414		15,954	40%
Net Interest Revenue (including Dividends)		4,509		4,071		4,522		4,095		4,572	12%	1%		8,659		8,667	-
Total Revenues, Net of Interest Expense		10,055		9,851		9,377		12,484		12,137	(3%)	21%		20,073		24,621	23%
Total Operating Expenses		5,548		5,611		5,446		5,810		5,933	2%	7%		11,167		11,743	5%
Net Credit Losses on Loans		91		110		115		127		324	NM	NM		169		451	NM
Credit Reserve Build / (Release) for Loans		52		36		57		1,316		3,370	NM	NM		(22)		4,686	NM
Provision for Credit Losses on Unfunded Lending Commitments		(11)		7		74		553		107	(81%)	NM		17		660	NM
Provisions for credit losses for HTM Debt Securities and Other Assets		-		-		-		8		53	NM	NM		-		61	NM
Provisions for Credit Losses and for Benefits and Claims		132		153		246		2,004		3,854	92%	NM		164		5,858	NM
Income from Continuing Operations before Taxes		4,375		4,087		3,685		4,670		2,350	(50%)	(46%)		8,742		7,020	(20%)
Income Taxes		950		858		807		1,044		470	(55%)	(51%)		1,905		1,514	(21%)
Income from Continuing Operations		3,425		3,229		2,878		3,626		1,880	(48%)	(45%)		6,837		5,506	(19%)
Noncontrolling Interests		10		8		11		(1)		5	NM	(50%)		21		4	(81%)
Net Income	$	3,415	$	3,221	$	2,867	$	3,627	$	1,875	(48%)	(45%)	$	6,816	$	5,502	(19%)
EOP Assets (in billions)	$	1,501	$	1,525	$	1,447	$	1,723	$	1,716	-	14%
Average Assets (in billions)		1,497		1,511		1,503		1,580		1,756	11%	17%	$	1,479	$	1,668	13%
Return on Average Assets (ROA)		0.91%		0.85%		0.76%		0.92%		0.43%				0.93%		0.66%
Efficiency Ratio		55%		57%		58%		47%		49%				56%		48%

Revenue by Region
North America	$	3,632	$	3,244	$	3,314	$	4,947	$	4,987	1%	37%	$	6,901	$	9,934	44%
EMEA		2,960		3,138		2,738		3,470		3,392	(2%)	15%		6,130		6,862	12%
Latin America		1,307		1,294		1,297		1,418		1,207	(15%)	(8%)		2,575		2,625	2%
Asia		2,156		2,175		2,028		2,649		2,551	(4%)	18%		4,467		5,200	16%
Total Revenues, net of Interest Expense	$	10,055	$	9,851	$	9,377	$	12,484	$	12,137	(3%)	21%	$	20,073	$	24,621	23%

Income (loss) from Continuing Operations by Region
North America	$	1,050	$	818	$	895	$	896	$	660	(26%)	(37%)	$	1,798	$	1,556	(13%)
EMEA		1,005		1,060		677		1,035		493	(52%)	(51%)		2,130		1,528	(28%)
Latin America		519		487		565		526		(194)	NM	NM		1,059		332	(69%)
Asia		851		864		741		1,169		921	(21%)	8%		1,850		2,090	13%
Income from Continuing Operations	$	3,425	$	3,229	$	2,878	$	3,626	$	1,880	(48%)	(45%)	$	6,837	$	5,506	(19%)

Average Loans by Region (in billions)
North America	$	188	$	189	$	191	$	196	$	215	10%	14%	$	185	$	205	11%
EMEA		85		88		89		88		91	3%	7%		85		90	6%
Latin America		41		39		38		38		43	13%	5%		42		41	(2%)
Asia		73		73		73		73		73	-	-		74		73	(1%)
Total	$	387	$	389	$	391	$	395	$	422	7%	9%	$	386	$	409	6%

EOP Deposits by Region (in billions)
North America	$	356	$	393	$	375	$	444	$	471	6%	33%
EMEA		196		195		190		210		212	1%	8%
Latin America		34		34		36		36		40	10%	17%
Asia		166		173		167		188		185	(1%)	11%
Total	$	752	$	795	$	768	$	878	$	908	3%	21%

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	525	$	548	$	536	$	621	$	658	6%	25%
All Other ICG Businesses		227		247		232		257		250	(3%)	10%
Total	$	752	$	795	$	768	$	878	$	908	3%	21%

(1)	2Q19 includes a $355 million gain on Citi's investment in Tradeweb.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 15

INSTITUTIONAL CLIENTS GROUP

REVENUES BY BUSINESS

(In millions of dollars, except as otherwise noted)


											2Q20 Increase/		Six		Six		YTD 2020 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2019 Increase/
	2019		2019		2019		2020		2020		1Q20	2Q19	2019		2020		(Decrease)
Revenue Details
Investment Banking
Advisory	$	232	$	276	$	373	$	386	$	229	(41%)	(1)%	$	610	$	615	1%
Equity Underwriting		314		247		240		180		491	NM	56%		486		671	38%
Debt Underwriting		737		705		738		788		1,039	32%	41%		1,541		1,827	19%
Total Investment Banking		1,283		1,228		1,351		1,354		1,759	30%	37%		2,637		3,113	18%
Treasury and Trade Solutions		2,587		2,559		2,608		2,423		2,307	(5%)	(11%)		5,126		4,730	(8%)
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges⁽¹⁾		725		715		732		448		646	44%	(11%)		1,474		1,094	(26%)
Private Bank - Excluding Gain/(Loss) on Loan Hedges⁽¹⁾		866		865		847		949		956	1%	10%		1,746		1,905	9%
Total Banking Revenues (Ex-Gain/(Loss) on Loan Hedges)⁽¹⁾	$	5,461	$	5,367	$	5,538	$	5,174	$	5,668	10%	4%	$	10,983	$	10,842	(1%)

Gain/(Loss) on Loan Hedges⁽¹⁾		(75)		(33)		(93)		816		(431)	NM	NM		(306)		385	NM
Total Banking Revenues including G/(L) on Loan Hedges⁽¹⁾	$	5,386	$	5,334	$	5,445	$	5,990	$	5,237	(13%)	(3%)	$	10,677	$	11,227	5%

Fixed Income Markets	$	3,323	$	3,211	$	2,898	$	4,786	$	5,595	17%	68%	$	6,775	$	10,381	53%
Equity Markets		790		760		516		1,169		770	(34%)	(3%)		1,632		1,939	19%
Securities Services		682		664		647		645		619	(4%)	(9%)		1,320		1,264	(4%)
Other		(126)		(118)		(129)		(106)		(84)	21%	33%		(331)		(190)	43%
Total Markets and Securities Services	$	4,669	$	4,517	$	3,932	$	6,494	$	6,900	6%	48%	$	9,396	$	13,394	43%

Total Revenues, net of Interest Expense	$	10,055	$	9,851	$	9,377	$	12,484	$	12,137	(3%)	21%	$	20,073	$	24,621	23%

Taxable-equivalent adjustments ⁽²⁾	$	105	$	122	$	117	$	86	$	88	2%	(16%)	$	209	$	174	(17%)

Total ICG Revenues including taxable-equivalent adjustments⁽²⁾	$	10,160	$	9,973	$	9,494	$	12,570	$	12,225	(3%)	20%	$	20,282	$	24,795	22%

Commissions and Fees	$	198	$	194	$	216	$	189	$	154	(19%)	(22%)	$	372	$	343	(8%)
Principal Transactions ⁽³⁾		1,870		2,080		1,334		3,549		4,009	13%	NM		4,247		7,558	78%
Other ⁽⁴⁾		533		183		251		(63)		234	NM	(56%)		683		171	(75%)
Total Non-Interest Revenue	$	2,601	$	2,457	$	1,801	$	3,675	$	4,397	20%	69%	$	5,302	$	8,072	52%
Net Interest Revenue		722		754		1,097		1,111		1,198	8%	66%		1,473		2,309	57%
Total Fixed Income Markets	$	3,323	$	3,211	$	2,898	$	4,786	$	5,595	17%	68%	$	6,775	$	10,381	53%

Rates and Currencies	$	2,118	$	2,491	$	2,214	$	4,034	$	3,582	(11%)	69%	$	4,520	$	7,616	68%
Spread Products / Other Fixed Income		1,205		720		684		752		2,013	NM	67%		2,255		2,765	23%
Total Fixed Income Markets	$	3,323	$	3,211	$	2,898	$	4,786	$	5,595	17%	68%	$	6,775	$	10,381	53%

Commissions and Fees	$	274	$	287	$	267	$	362	$	305	(16%)	11%	$	567	$	667	18%
Principal Transactions ⁽³⁾		7		388		(16)		774		193	(75%)	NM		403		967	NM
Other		10		2		153		8		2	(75%)	(80%)		17		10	(41%)
Total Non-Interest Revenue	$	291	$	677	$	404	$	1,144	$	500	(56%)	72%	$	987	$	1,644	67%
Net Interest Revenue		499		83		112		25		270	NM	(46%)		645		295	(54%)
Total Equity Markets	$	790	$	760	$	516	$	1,169	$	770	(34%)	(3%)	$	1,632	$	1,939	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 private bank and 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)	Primarily relates to income tax credits related to affordable housing and alternative energy investments as well as tax exempt income from municipal bond investments.

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

(4)	2Q19 includes a $355 million gain on Citi's investment in Tradeweb.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 16

CORPORATE / OTHER ⁽¹⁾

(In millions of dollars, except as otherwise noted)


											2Q20 Increase/		Six		Six		YTD 2020 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2019 Increase/
	2019		2019		2019		2020		2020		1Q20	2Q19	2019		2020		(Decrease)
Net Interest Revenue	$	484	$	443	$	294	$	325	$	(26)	NM	NM	$	1,153	$	299	(74%)
Non-interest revenue		86		(9)		248		(252)		316	NM	NM		(115)		64	NM
Total Revenues, Net of Interest Expense		570		434		542		73		290	NM	(49%)		1,038		363	(65%)
Total Operating Expenses		481		485		635		416		469	13%	(2%)		1,030		885	(14%)
Net Credit Losses		2		1		(13)		(2)		(5)	NM	NM		4		(7)	NM
Credit Reserve Build / (Release)		(20)		(16)		2		191		160	(16%)	NM		(46)		351	NM
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		-		-		-		(2)		3	NM	NM		-		1	100%
Provision for Unfunded Lending Commitments		(4)		-		(2)		5		6	20%	NM		(5)		11	NM
Total provisions for credit losses and for benefits and claims		(22)		(15)		(13)		192		164	(15%)	NM		(47)		356	NM
Income from Continuing Operations before Taxes		111		(36)		(80)		(535)		(343)	36%	NM		55		(878)	NM
Income Taxes (Benefits)^(2)(3)(4)		45		(247)		(623)		(198)		(178)	10%	NM		(16)		(376)	NM
Income (Loss) from Continuing Operations		66		211		543		(337)		(165)	51%	NM		71		(502)	NM
Income (Loss) from Discontinued Operations, net of taxes		17		(15)		(4)		(18)		(1)	94%	NM		15		(19)	NM
Noncontrolling Interests		(1)		5		2		(4)		(3)	25%	NM		13		(7)	NM
Net Income (Loss)	$	84	$	191	$	537	$	(351)	$	(163)	54%	NM	$	73	$	(514)	NM
EOP Assets (in billions)	$	97	$	96	$	97	$	94	$	94	-	(3%)
Average Assets (in billions)		98		97		95		94		93	(1%)	(5%)	$	99	$	94	(5%)
Return on Average Assets		0.34%		0.78%		2.24%		(1.50%)		(0.70%)				0.15%		(1.10%)
Efficiency Ratio		84%		112%		117%		570%		162%				99%		244%


Consumer - North America - Key Indicators

Average Loans (in billions of dollars)	$	12.3	$	11.2	$	10.4	$	9.4	$	8.9	(5%)	(28%)	$	13.0	$	9.2
EOP Loans (in billions of dollars)		11.6		10.8		9.6		9.1		8.6	(5%)	(26%)
Net Interest Revenue		81		75		77		74		86	16%	6%
As a % of Average Loans		2.64%		2.66%		2.94%		3.17%		3.89%
Net Credit Losses (Recoveries)	$	4	$	1	$	(12)	$	-	$	(5)	NM	NM	$	5	$	(5)
As a % of Average Loans		0.13%		0.04%		(0.46%)		0.00%		(0.23%)				0.04%		-0.05%
Loans 90+ Days Past Due ⁽⁴⁾	$	327	$	293	$	278	$	281	$	295	5%	(10%)
As a % of EOP Loans		2.97%		2.82%		3.02%		3.23%		3.60%
Loans 30-89 Days Past Due ⁽⁴⁾	$	334	$	288	$	295	$	252	$	261	4%	(22%)
As a % of EOP Loans		3.04%		2.77%		3.21%		2.90%		3.18%

(1)

Includes certain unallocated costs of global staff functions (including finance, risk, human resources, legal and compliance), other corporate expenses and unallocated global operations and technology expenses and income taxes, as well as Corporate Treasury, certain North America legacy consumer loan portfolios, other legacy assets and discontinued operations.

(2)	4Q19 includes discrete tax items of roughly $540 million, including an approximate $430 million benefit of a reduction in Citi’s valuation allowance related to its Deferred Tax Assets (DTAs).

(3)	3Q19 includes discrete tax items of roughly $230 million, including an approximate $180 million benefit of a reduction in Citi’s valuation allowance related to its DTAs.

(4)	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 $273 million and ($0.7 billion), $249 million and ($0.6 billion), $172 million and ($0.4 billion), $167 million and ($0.4 billion), and $173 million and ($0.4 billion) as of June 30, 2019, September 30, 2019, December 31, 2019, March 31, 2020 and June 30, 2020, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $124 million and ($0.7 billion), and $110 million and ($0.6 billion), $55 million and ($0.4 billion), and $58 million and ($0.4 billion), and $57 million and ($0.4 billion) as of June 30, 2019, September 30, 2019, December 31, 2019, March 31, 2020 and June 30, 2020, respectively.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 17

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

Taxable Equivalent Basis


	Average Volumes						Interest						% Average Rate ⁽⁴⁾
	Second		First		Second		Second		First		Second		Second		First		Second
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2019		2020		2020⁽⁵⁾		2019		2020		2020⁽⁵⁾		2019		2020		2020⁽⁵⁾
Assets
Deposits with Banks	$	192,483	$	207,130	$	305,485	$	736	$	527	$	159	1.53	%	1.02	%	0.21	%
Securities Borrowed and Purchased under Resale Agreements⁽⁶⁾		266,650		268,900		286,110		1,897		1,208		401	2.85	%	1.81	%	0.56	%
Trading Account Assets⁽⁷⁾		245,726		252,458		279,945		2,143		1,594		1,675	3.50	%	2.54	%	2.41	%
Investments		347,401		381,335		414,779		2,529		2,305		2,121	2.92	%	2.43	%	2.06	%
Total Loans (net of Unearned Income)⁽⁸⁾		679,622		694,675		702,795		11,999		11,268		10,166	7.08	%	6.52	%	5.82	%
Other Interest-Earning Assets		67,885		68,737		75,287		457		283		110	2.70	%	1.66	%	0.59	%
Total Average Interest-Earning Assets	$	1,799,767	$	1,873,235	$	2,064,401	$	19,761	$	17,185	$	14,632	4.40	%	3.69	%	2.85	%

Liabilities
Deposits (Excluding Deposit Insurance and FDIC Assessment)	$	862,720	$	934,451	$	1,033,745	$	3,095	$	2,389	$	1,199	1.44	%	1.03	%	0.47	%
Deposit Insurance and FDIC Assessment		-		-		-		189		225		270
Total Deposits		862,720		934,451		1,033,745		3,284		2,614		1,469	1.53	%	1.13	%	0.57	%
Securities Loaned and Sold under Repurchase Agreements⁽⁶⁾		189,045		198,510		224,775		1,724		1,085		453	3.66	%	2.20	%	0.81	%
Trading Account Liabilities⁽⁷⁾		95,004		84,500		92,864		320		239		144	1.35	%	1.14	%	0.62	%
Short-Term Borrowings		106,205		106,560		119,078		715		384		140	2.70	%	1.45	%	0.47	%
Long-Term Debt⁽⁹⁾		202,524		202,192		221,524		1,719		1,325		1,303	3.40	%	2.64	%	2.37	%
Total Average Interest-Bearing Liabilities	$	1,455,498	$	1,526,213	$	1,691,984	$	7,762	$	5,647	$	3,509	2.14	%	1.49	%	0.83	%

Total Average Interest-Bearing Liabilities (Excluding Deposit Insurance and FDIC Assessment)	$	1,455,498	$	1,526,213	$	1,691,986	$	7,573	$	5,422	$	3,239	2.09	%	1.43	%	0.77	%

Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,999	$	11,538	$	11,123	2.67	%	2.48	%	2.17	%

NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	12,188	$	11,763	$	11,393	2.72	%	2.53	%	2.22	%

2Q20 Increase (Decrease) from:													(50)	bps	(31)	bps

2Q20 Increase (Decrease) (Excluding Deposit Insurance and FDIC Assessment) from:													(50)	bps	(31)	bps

(1)	Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 21%) of $49 million for 2Q19, $46 million for 1Q20 and $43 million for 2Q20.

(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 percentage is calculated as annualized interest over average volumes.

(5)	Second quarter of 2020 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 in fair value recorded in Principal transactions.

Reclassified to conform to the current period's presentation.

Page 18

DEPOSITS

(In billions of dollars)


											2Q20 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2019		2019		2019		2020		2020		1Q20	2Q19
Global Consumer Banking
North America	$	153.0	$	155.8	$	160.5	$	166.4	$	180.5	8%	18%
Latin America		22.9		21.8		23.8		19.8		21.5	9%	(6%)
Asia ⁽¹⁾		102.7		102.3		106.7		107.8		112.5	4%	10%
Total		278.6		279.9		291.0		294.0		314.5	7%	13%

ICG
North America		355.9		393.2		374.2		444.6		472.2	6%	33%
EMEA		195.9		194.7		189.9		210.0		211.6	1%	8%
Latin America		34.0		34.3		36.2		36.1		39.7	10%	17%
Asia		166.2		172.7		167.4		187.6		184.9	(1%)	11%
Total		752.0		794.9		767.7		878.3		908.4	3%	21%

Corporate/Other		15.0		13.0		11.9		12.6		10.8	(14%)	(28%)

Total Deposits - EOP	$	1,045.6	$	1,087.8	$	1,070.6	$	1,184.9	$	1,233.7	4%	18%

Total Deposits - Average	$	1,039.9	$	1,066.3	$	1,089.5	$	1,114.5	$	1,233.9	11%	19%

Foreign Currency (FX) Translation Impact
Total EOP Deposits - as Reported	$	1,045.6	$	1,087.8	$	1,070.6	$	1,184.9	$	1,233.7	4%	18%
Impact of FX Translation ⁽²⁾		(15.6)		(6.0)		(16.2)		7.6		-
Total EOP Deposits - Ex-FX ⁽²⁾	$	1,030.0	$	1,081.8	$	1,054.4	$	1,192.5	$	1,233.7	3%	20%

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

(2)	Reflects the impact of FX translation into U.S. dollars at the second quarter of 2020 exchange rates for all periods presented.

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

Reclassified to conform to the current period's presentation.

Page 19

EOP LOANS

(In billions of dollars)

											2Q20 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2019		2019		2019		2020		2020		1Q20	2Q19
Global Consumer Banking

North America
Credit Cards	$	140.2	$	141.5	$	149.2	$	137.3	$	128.0	(7%)	(9%)
Retail Banking		48.2		49.1		50.3		50.8		53.1	5%	10%
Total		188.4		190.6		199.5		188.1	$	181.1	(4%)	(4%)

Latin America
Credit Cards		5.7		5.5		6.0		4.5	$	4.2	(7%)	(26%)
Retail Banking		11.4		11.2		11.7		9.2		9.0	(2%)	(21%)
Total		17.1		16.7		17.7		13.7	$	13.2	(4%)	(23%)

Asia ⁽¹⁾
Credit Cards		19.2		18.8		19.9		17.3	$	16.8	(3%)	(13%)
Retail Banking		60.1		60.3		62.8		60.2		61.5	2%	2%
Total		79.3		79.1		82.7		77.5	$	78.3	1%	(1%)

Total GCB Consumer Loans
Credit Cards		165.1		165.8		175.1		159.1	$	149.0	(6%)	(10%)
Retail Banking		119.7		120.6		124.8		120.2		123.6	3%	3%
Total GCB		284.8		286.4		299.9		279.3	$	272.6	(2%)	(4%)
Total Corporate/Other - Consumer		11.7		11.0		9.6		9.1	$	8.5	(7%)	(27%)
Total Consumer Loans	$	296.5	$	297.4	$	309.5	$	288.4	$	281.1	(3%)	(5%)

Corporate Loans - by Region
North America	$	191.4	$	190.9	$	190.9	$	223.5	$	202.8	(9%)	6%
EMEA		87.8		91.9		87.4		93.8		88.1	(6%)	-
Latin America		40.2		38.1		39.1		41.3		42.1	2%	5%
Asia		72.8		73.4		72.5		74.0		71.2	(4%)	(2%)
Total Corporate Loans		392.2		394.3		389.9		432.6	$	404.2	(7%)	3%

Corporate Loans - by Product
Corporate Lending		159.6		156.9		152.6		192.2	$	170.3	(11%)	7%
Private Bank		102.6		105.3		109.0		112.0		108.3	(3%)	6%
Treasury and Trade Solutions		77.2		76.7		74.7		75.5		71.8	(5%)	(7%)
Markets and Securities Services		52.8		55.4		53.6		52.9		53.8	2%	2%
Total Corporate Loans		392.2		394.3		389.9		432.6	$	404.2	(7%)	3%

Total Loans	$	688.7	$	691.7	$	699.5	$	721.0	$	685.3	(5%)	-

Foreign Currency (FX) Translation Impact
Total EOP Loans - as Reported	$	688.7	$	691.7	$	699.5	$	721.0	$	685.3	(5%)	-
Impact of FX Translation ⁽²⁾		(10.4)		(4.3)		(11.0)		4.6		-
Total EOP Loans - Ex-FX ⁽²⁾	$	678.3	$	687.4	$	688.5	$	725.6	$	685.3	(6%)	1%

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

(2)	Reflects the impact of FX translation into U.S. dollars at the second quarter of 2020 exchange rates for all periods presented.

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

Reclassified to conform to the current period's presentation.

Page 20

CONSUMER LOANS 90+ DAYS DELINQUENCIES AND RATIOS

BUSINESS VIEW

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


											EOP Loans
		2Q		3Q		4Q		1Q		2Q	2Q
		2019		2019		2019		2020		2020	2020
Global Consumer Banking⁽²⁾
Total	$	2,426	$	2,470	$	2,737	$	2,603	$	2,466	$	272.6
Ratio		0.85%		0.86%		0.91%		0.93%		0.91%

Retail Banking⁽²⁾
Total	$	416	$	392	$	438	$	429	$	497	$	123.6
Ratio		0.35%		0.33%		0.35%		0.36%		0.40%
North America⁽²⁾	$	133	$	125	$	146	$	161	$	182	$	53.1
Ratio		0.28%		0.26%		0.29%		0.32%		0.35%
Latin America	$	108	$	97	$	106	$	90	$	121	$	9.0
Ratio		0.95%		0.87%		0.91%		0.98%		1.34%
Asia⁽³⁾	$	175	$	170	$	186	$	178	$	194	$	61.5
Ratio		0.29%		0.28%		0.30%		0.30%		0.32%

Cards
Total	$	2,010	$	2,078	$	2,299	$	2,174	$	1,969	$	149.0
Ratio		1.22%		1.25%		1.31%		1.37%		1.32%
North America - Citi-Branded	$	799	$	807	$	915	$	891	$	784	$	82.6
Ratio		0.88%		0.88%		0.95%		1.01%		0.95%
North America - Retail Services	$	840	$	923	$	1,012	$	958	$	811	$	45.4
Ratio		1.69%		1.85%		1.91%		1.96%		1.79%
Latin America	$	169	$	152	$	165	$	121	$	160	$	4.2
Ratio		2.96%		2.76%		2.75%		2.69%		3.81%
Asia⁽³⁾	$	202	$	196	$	207	$	204	$	214	$	16.8
Ratio		1.05%		1.04%		1.04%		1.18%		1.27%

Corporate/Other - Consumer⁽²⁾	$	327	$	293	$	278	$	281	$	295	$	8.5
Ratio		2.97%		2.82%		3.02%		3.23%		3.60%

Total Citigroup⁽²⁾	$	2,753	$	2,763	$	3,015	$	2,884	$	2,761	$	281.1
Ratio		0.93%		0.93%		0.98%		1.00%		0.99%

(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 17.

(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.

Page 21

CONSUMER LOANS 30-89 DAYS DELINQUENCIES AND RATIOS

BUSINESS VIEW

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


											EOP Loans
	2Q		3Q		4Q		1Q		2Q		2Q
	2019		2019		2019		2020		2020		2020

Global Consumer Banking⁽²⁾
Total	$	2,783	$	2,956	$	3,001	$	2,870	$	2,503	$	272.6
Ratio		0.98%		1.03%		1.00%		1.03%		0.92%

Retail Banking⁽²⁾
Total	$	831	$	803	$	816	$	794	$	918	$	123.6
Ratio		0.70%		0.67%		0.66%		0.66%		0.75%
North America⁽²⁾	$	341	$	313	$	334	$	298	$	440	$	53.1
Ratio		0.72%		0.65%		0.67%		0.59%		0.84%
Latin America	$	191	$	191	$	180	$	140	$	151	$	9.0
Ratio		1.68%		1.71%		1.54%		1.52%		1.68%
Asia ⁽³⁾	$	299	$	299	$	302	$	356	$	327	$	61.5
Ratio		0.50%		0.50%		0.48%		0.59%		0.53%

Cards⁽³⁾
Total	$	1,952	$	2,153	$	2,185	$	2,076	$	1,585	$	149.0
Ratio		1.18%		1.30%		1.25%		1.30%		1.06%
North America - Citi-Branded	$	705	$	800	$	814	$	770	$	594	$	82.6
Ratio		0.78%		0.87%		0.85%		0.87%		0.72%
North America - Retail Services	$	831	$	943	$	945	$	903	$	611	$	45.4
Ratio		1.68%		1.89%		1.79%		1.85%		1.35%
Latin America	$	159	$	161	$	159	$	132	$	111	$	4.2
Ratio		2.79%		2.93%		2.65%		2.93%		2.64%
Asia ⁽⁴⁾	$	257	$	249	$	267	$	271	$	269	$	16.8
Ratio		1.34%		1.32%		1.34%		1.57%		1.60%

Corporate/Other - Consumer⁽²⁾	$	334	$	288	$	295	$	252	$	261	$	8.5
Ratio		3.04%		2.77%		3.21%		2.90%		3.18%

Total Citigroup⁽²⁾	$	3,117	$	3,244	$	3,296	$	3,122	$	2,764	$	281.1
Ratio		1.06%		1.10%		1.07%		1.09%		0.99%

(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 17.

(3)	The decrease in loans 30-89 days past due at June 30, 2020 reflect the impact of loan modifications that were implemented during the second quarter of 2020 related to various COVID-19 consumer relief programs.

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

Reclassified to conform to the current period's presentation.

Page 22

ALLOWANCE FOR CREDIT LOSSES ON LOANS AND UNFUNDED LENDING COMMITMENTS Page 1

(In millions of dollars)



																2Q20 Increase/		Six		Six		YTD 2020 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from		Months		Months		YTD 2019 Increase/
	2019			2019			2019			2020			2020			1Q20	2Q19	2019		2020		(Decrease)

Total Citigroup
Allowance for Credit Losses on Loans (ACLL) at Beginning of Period⁽¹⁾	$	12,329		$	12,466		$	12,530		$	12,783		$	20,841				$	12,315	$	12,783
Adjustment to Opening Balance for CECL Adoption⁽¹⁾		-			-			-			4,201			-		(100%)	-		-		4,201	NM
Adjusted ACLL at Beginning of Period		12,329			12,466			12,530			16,984			20,841		23%	69%		12,315		16,984	38%

Gross Credit (Losses) on Loans		(2,354)			(2,281)			(2,361)			(2,479)			(2,528)		(2%)	(7%)		(4,699)		(5,007)	(7%)
Gross Recoveries on Loans		391			368			417			371			322		(13%)	(18%)		788		693	(12%)
Net Credit (Losses) / Recoveries on Loans (NCLs)		(1,963)			(1,913)			(1,944)			(2,108)			(2,206)		5%	12%		(3,911)		(4,314)	10%
NCLs		1,963			1,913			1,944			2,108			2,206		5%	12%		3,911		4,314	10%
Net Reserve Builds / (Releases) for Loans⁽²⁾		53			132			112			4,112			4,856		18%	NM		120		8,968	NM
Net Specific Reserve Builds / (Releases) for Loans		73			17			67			224			634		NM	NM		2		858	NM
Provision for Credit Losses on Loans (PCLL)		2,089			2,062			2,123			6,444			7,696		19%	NM		4,033		14,140	NM
Other, net^{(3)(4)(5)(6)(7)(8)}		11			(85)			74			(479)			89		NM	NM		29		(390)
ACLL at End of Period⁽¹⁾ (a)	$	12,466		$	12,530		$	12,783		$	20,841		$	26,420				$	12,466	$	26,420

Allowance for Credit Losses on Unfunded Lending Commitments (ACLUC)^(9)(10) (a)	$	1,376		$	1,385		$	1,456		$	1,813		$	1,859				$	1,376	$	1,859

Provision (Release) for Credit Losses on Unfunded Lending Commitments	$	(15)		$	9		$	74		$	557		$	113				$	9	$	670

Total Allowance for Credit Losses on Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	13,842		$	13,915		$	14,239		$	22,654		$	28,279				$	13,842	$	28,279

Total ACLL as a Percentage of Total Loans⁽¹¹⁾		1.82	%		1.82	%		1.84	%		2.91	%		3.89	%

Consumer
ACLL at Beginning of Period⁽¹⁾	$	9,598		$	9,679		$	9,727		$	9,897		$	17,390				$	9,504	$	9,897
Adjustment to Opening Balance for CECL Adoption⁽¹⁾		-			-			-			4,922			-		(100%)	-		-		4,922	NM
Adjusted ACLL at Beginning of Period		9,598			9,679			9,727			14,819			17,390		17%	81%		9,504		14,819	56%

NCLs		(1,874)			(1,803)			(1,830)			(1,981)			(1,882)		(5%)	-		(3,743)		(3,863)	3%
NCLs		1,874			1,803			1,830			1,981			1,882		(5%)	-		3,743		3,863	3%
Net Reserve Builds / (Releases) for Loans⁽²⁾		3			95			107			2,844			1,973		(31%)	NM		66		4,817	NM
Net Specific Reserve Builds / (Releases) for Loans		70			18			11			176			148		(16%)	NM		78		324	NM
Provision for Credit Losses on Loans (PCLL)		1,947			1,916			1,948			5,001			4,003		(20%)	NM		3,887		9,004	NM
Other, net^{(3)(4)(5)(6)(7)(8)}		8			(65)			52			(449)			85		NM	NM		31		(364)	NM
ACLL at End of Period⁽¹⁾ (b)	$	9,679		$	9,727		$	9,897		$	17,390		$	19,596				$	9,679	$	19,596

Consumer ACLUC⁽⁹⁾ (b)	$	-		$	2		$	4		$	-		$	-				$	-	$	-

Provision (Release) for Credit Losses on Unfunded Lending Commitments	$	-		$	2		$	2		$	(1)		$	-				$	(3)	$	(1)

Total Allowance for Credit Losses on Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	9,679		$	9,729		$	9,901		$	17,390		$	19,596				$	9,679	$	19,596

Consumer ACLL as a Percentage of Total Consumer Loans		3.26	%		3.27	%		3.20	%		6.03	%		6.97	%

Corporate
ACLL at Beginning of Period⁽¹⁾	$	2,731		$	2,787		$	2,803		$	2,886		$	3,451				$	2,811	$	2,886
Adjustment to Opening Balance for CECL Adoption⁽¹⁾		-			-			-			(721)			-		100%	-		-		(4,922)	NM
Adjusted ACLL at Beginning of Period		2,731			2,787			2,803			2,165			3,451		59%	26%		2,811		2,165	(23%)

NCLs		(89)			(110)			(114)			(127)			(324)		NM	NM		(168)		(451)	NM
NCLs		89			110			114			127			324		NM	NM		168		451	NM
Net Reserve Builds / (Releases) for Loans		50			37			5			1,268			2,883		NM	NM		54		4,151	NM
Net Specific Reserve Builds / (Releases) for Loans		3			(1)			56			48			486		NM	NM		(76)		534	NM
Provision for Credit Losses on Loans (PCLL)		142			146			175			1,443			3,693		NM	NM		146		5,136	NM
Other, net⁽³⁾		3			(20)			22			(30)			4					(2)		(26)
ACLL at End of Period⁽¹⁾ (c)	$	2,787		$	2,803		$	2,886		$	3,451		$	6,824				$	2,787	$	6,824

Corporate ACLUC^(9)(10) (c)	$	1,376		$	1,383		$	1,452		$	1,813		$	1,859				$	1,376	$	1,859

Provision (Release) for Credit Losses on Unfunded Lending Commitments	$	(15)		$	7		$	72		$	558		$	113				$	12	$	671

Total Allowance for Credit Losses on Loans, Leases and Unfunded Lending Commitments [Sum of (c)]	$	4,163		$	4,186		$	4,338		$	5,264		$	8,683				$	4,163	$	8,683

Corporate ACLL as a Percentage of Total Corporate Loans⁽¹¹⁾		0.72	%		0.72	%		0.75	%		0.81	%		1.71	%

Footnotes to this table are on the following page (page 24).

Page 23

ALLOWANCE FOR CREDIT LOSSES ON LOANS AND UNFUNDED LENDING COMMITMENTS

Page 2

The following footnotes relate to the table on the preceding page (page 23).

(1)

On January 1, 2020, Citi adopted Accounting Standards Update (ASU) No. 2016 - 13, Financial Instruments – Credit Losses (CECL) (Topic 326). The ASU introduces a new credit loss methodology requiring earlier recognition of credit losses while also providing additional transparency about credit risk. On January 1, 2020, Citi recorded a $4.1 billion, or an approximate 29%, pretax increase in the Allowance for credit losses, along with a $3.1 billion after-tax decrease in Retained earnings and a deferred tax asset increase of $1.0 billion. This transition impact reflects (i) a $4.9 billion build to the Allowance for credit losses for Citi’s consumer exposures, primarily driven by the impact on credit card receivables of longer estimated tenors under the CECL lifetime expected credit loss methodology compared to shorter estimated tenors under the probable loss methodology under prior U.S. GAAP, net of recoveries; and (ii) a release of $0.8 billion of reserves related to Citi’s corporate net loan loss exposures, largely due to more precise contractual maturities that result in shorter remaining tenors, incorporation of recoveries and use of more specific historical loss data based on an increase in portfolio segmentation across industries and geographies.

Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb losses in the portfolios. The balances on page 23 do not include approximately $0.2 billion of allowance for HTM debt securities and other assets at June 30, 2020.

(2)

During 2Q20, Citi`s updated its ACLL estimate of lifetime credit losses resulting from a change in accounting for variable post-charge-off third-party agency collection costs in its U.S. Consumer businesses. These costs were previously recorded as a reduction in credit recoveries and thus impacted estimated lifetime credit losses. After June 30, 2020, these costs will be recorded as operating expenses for future periods as they are incurred.The impact of this accounting change resulted in an approximate $426 million reduction in Citi's estimated ACLL at June 30, 2020.

(3)	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.

(4)	2Q19 Consumer includes an increase of approximately $13 million related to FX translation. The Corporate allowance is predominantly sourced in U.S. dollars.

(5)	3Q19 Consumer includes a decrease of approximately $65 million related to FX translation. The Corporate allowance is predominantly sourced in U.S. dollars.

(6)

4Q19 Consumer includes a reduction of approximately $33 million related to the sale or transfers to HFS of various loan portfolios. In addition, the fourth quarter includes an increase of approximately $86 million related to FX translation. The Corporate allowance is predominantly sourced in U.S. dollars.

(7)	1Q20 Consumer includes a decrease of approximately $456 million related to FX translation. The Corporate allowance is predominantly sourced in U.S. dollars.

(8)	2Q20 Consumer includes an increase of approximately $86 million related to FX translation. The Corporate allowance is predominantly sourced in U.S. dollars.

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

(10)

The June 30, 2020 Corporate ACLUC includes a non-provision transfer of $68 million, representing reserves on performance guarantees as of March 31, 2020. The reserves on these contracts have been reclassified out of the allowance for credit losses on unfunded lending commitments and into other liabilities as of June 30, 2020.

(11)	June 30, 2019, September 30, 2019, December 31, 2019, March 31, 2020, June 30, 2020 exclude $3.8 billion, $3.8 billion, $4.1 billion, $4.0 billion and $5.8 billion, respectively, of loans that are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 24

COMPONENTS OF PROVISION FOR CREDIT LOSSES ON LOANS

(In millions of dollars)

											2Q20 Increase/		Six		Six		YTD 2020 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2019 Increase/
	2019		2019		2019		2020		2020		1Q20	2Q19	2019		2020		(Decrease)

Global Consumer Banking
Net Credit Losses	$	1,870	$	1,802	$	1,842	$	1,983	$	1,887	(5%)	1%	$	3,738	$	3,870	4%
Credit Reserve Build / (Release)		94		129		120		2,829		1,960	(31%)	NM		190		4,789	NM
North America
Net Credit Losses		1,417		1,350		1,408		1,526		1,484	(3%)	5%		2,825		3,010	7%
Credit Reserve Build / (Release)		81		161		109		2,362		1,499	(37%)	NM		199		3,861	NM
Retail Banking
Net Credit Losses		40		40		42		37		33	(11%)	(18%)		79		70	(11%)
Credit Reserve Build / (Release)		(4)		(1)		(2)		178		179	1%	NM		(7)		357	NM
Citi-Branded Cards
Net Credit Losses		723		712		723		795		795	-	10%		1,429		1,590	11%
Credit Reserve Build / (Release)		64		141		115		1,294		1,128	(13%)	NM		140		2,422	NM
Citi Retail Services
Net Credit Losses		654		598		643		694		656	(5%)	-		1,317		1,350	3%
Credit Reserve Build / (Release)		21		21		(4)		890		192	(78%)	NM		66		1,082	NM
Latin America
Net Credit Losses		279		275		259		277		209	(25%)	(25%)		575		486	(15%)
Credit Reserve Build / (Release)		3		(34)		(5)		265		202	(24%)	NM		1		467	NM
Retail Banking
Net Credit Losses		123		119		116		130		94	(28%)	(24%)		259		224	(14%)
Credit Reserve Build / (Release)		(14)		(28)		(22)		122		130	7%	NM		(13)		252	NM
Citi-Branded Cards
Net Credit Losses		156		156		143		147		115	(22%)	(26%)		316		262	(17%)
Credit Reserve Build / (Release)		17		(6)		17		143		72	(50%)	NM		14		215	NM
Asia ⁽¹⁾
Net Credit Losses		174		177		175		180		194	8%	11%		338		374	11%
Credit Reserve Build / (Release)		10		2		16		202		259	28%	NM		(10)		461	NM
Retail Banking
Net Credit Losses		62		66		69		68		77	13%	24%		120		145	21%
Credit Reserve Build / (Release)		3		5		7		107		79	(26%)	NM		7		186	NM
Citi-Branded Cards
Net Credit Losses		112		111		106		112		117	4%	4%		218		229	5%
Credit Reserve Build / (Release)		7		(3)		9		95		180	89%	NM		(17)		275	NM

Institutional Clients Group
Net Credit Losses		91		110		115		127		324	NM	NM		169		451	NM
Credit Reserve Build / (Release)		52		36		57		1,316		3,370	NM	NM		(22)		4,686	NM

Corporate / Other
Net Credit Losses		2		1		(13)		(2)		(5)	NM	NM		4		(7)	NM
Credit Reserve Build / (Release)		(20)		(16)		2		191		160	(16%)	NM		(46)		351	NM

Total Provision for Credit Losses on Loans	$	2,089	$	2,062	$	2,123	$	6,444	$	7,696	19%	NM	$	4,033	$	14,140	NM

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

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 25

NON-ACCRUAL ASSETS

(In millions of dollars)


											2Q20 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2019		2019		2019		2020		2020		1Q20	2Q19
Non-Accrual Loans⁽¹⁾
Corporate Non-Accrual Loans by Region
North America	$	913	$	1,056	$	1,214	$	1,138	$	2,466	NM	NM
EMEA		321		307		430		720		812	13%	NM
Latin America		353		399		473		447		585	31%	66%
Asia		80		84		71		179		153	(15%)	91%
Total	$	1,667	$	1,846	$	2,188	$	2,484	$	4,016	62%	NM

Consumer Non-Accrual Loans by Region⁽²⁾
North America	$	1,082	$	1,013	$	905	$	926	$	928	-	(14%)
Latin America		629		595		632		489		608	24%	(3%)
Asia⁽³⁾		260		258		279		284		293	3%	13%
Total	$	1,971	$	1,866	$	1,816	$	1,699	$	1,829	8%	(7%)

Other Real Estate Owned (OREO)⁽⁴⁾
Institutional Clients Group	$	34	$	20	$	18	$	19	$	17	(11%)	(50%)
Global Consumer Banking		11		10		6		4		4	-	(64%)
Corporate/Other		37		42		37		27		23	(15%)	(38%)
Total	$	82	$	72	$	61	$	50	$	44	(12%)	(46%)

OREO by Region
North America	$	47	$	51	$	39	$	35	$	32	(9%)	(32%)
EMEA		1		1		1		1		-	(100%)	(100%)
Latin America		14		14		14		6		6	-	(57%)
Asia		20		6		7		8		6	(25%)	(70%)
Total	$	82	$	72	$	61	$	50	$	44	(12%)	(46%)

Non-Accrual Assets (NAA)⁽⁵⁾
Corporate Non-Accrual Loans	$	1,667	$	1,846	$	2,188	$	2,484	$	4,016	62%	NM
Consumer Non-Accrual Loans		1,971		1,866		1,816		1,699		1,829	8%	(7%)
Non-Accrual Loans (NAL)		3,638		3,712		4,004		4,183		5,845	40%	61%
OREO		82		72		61		50		44	(12%)	(46%)
Non-Accrual Assets (NAA)	$	3,720	$	3,784	$	4,065	$	4,233	$	5,889	39%	58%

NAL as a percentage of Total Loans		0.53%		0.54%		0.57%		0.58%		0.85%
NAA as a percentage of Total Assets		0.19%		0.19%		0.21%		0.19%		0.26%

Allowance for Loan Losses as a percentage of NAL		343%		338%		319%		498%		452%

(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)	For 4Q19 and prior, excludes Statement of Position (SOP) 03-3 purchased distressed loans. For 1Q20, non-accrual loans include purchased credit default 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.

Page 26

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)


	June 30,		September 30,		December 31,		March 31,		June 30,
Common Equity Tier 1 Capital Ratio and Components⁽¹⁾	2019		2019		2019		2020		2020⁽²⁾
Citigroup Common Stockholders' Equity⁽³⁾	$	179,534	$	177,052	$	175,414	$	174,502	$	173,793
Add: Qualifying noncontrolling interests		154		145		154		138		145
Regulatory Capital Adjustments and Deductions:
Add:
CECL transition and 25% provision deferral⁽⁴⁾		-		-		-		4,300		5,612
Less:
Accumulated net unrealized gains (losses) on cash flow hedges, net of tax⁽⁵⁾		75		328		123		2,020		2,094
Cumulative unrealized net gain (loss) related to changes in fair value of financial
liabilities attributable to own creditworthiness, net of tax⁽⁶⁾		(85)		181		(679)		2,838		393
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)⁽⁷⁾		21,793		21,498		21,066		20,123		20,275
Identifiable intangible assets other than mortgage servicing rights
(MSRs), net of related DTLs		4,264		4,132		4,087		3,953		3,866
Defined benefit pension plan net assets		969		990		803		1,052		960
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit
and general business credit carry-forwards		11,547		11,487		12,370		12,259		12,313
Common Equity Tier 1 Capital (CET1)	$	141,125	$	138,581	$	137,798	$	136,695	$	139,649
Risk-Weighted Assets (RWA)⁽⁴⁾⁽⁹⁾	$	1,187,328	$	1,197,050	$	1,166,523	$	1,224,136	$	1,210,429
Common Equity Tier 1 Capital Ratio (CET1/RWA)		11.89%		11.58%		11.81%		11.17%		11.5%

Supplementary Leverage Ratio and Components
Common Equity Tier 1 Capital (CET1)⁽⁴⁾	$	141,125	$	138,581	$	137,798	$	136,695	$	139,649
Additional Tier 1 Capital (AT1)⁽⁸⁾		17,981		19,452		18,007		17,609		17,990
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	159,106	$	158,033	$	155,805	$	154,304	$	157,639
Total Leverage Exposure (TLE)^(4)(10)	$	2,499,787	$	2,520,352	$	2,507,891	$	2,585,730	$	2,366,514
Supplementary Leverage Ratio (T1C/TLE)		6.36%		6.27%		6.21%		5.97%		6.7%

Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share
Common Stockholders' Equity	$	179,379	$	176,893	$	175,262	$	174,351	$	173,642
Less:
Goodwill		22,065		21,822		22,126		21,264		21,399
Intangible assets (other than MSRs)		4,518		4,372		4,327		4,193		4,106
Tangible Common Equity (TCE)	$	152,796	$	150,699	$	148,809	$	148,894	$	148,137
Common Shares Outstanding (CSO)		2,259.1		2,183.2		2,114.1		2,081.8		2,081.9
Book Value Per Share (Common Equity/CSO)	$	79.40	$	81.02	$	82.90	$	83.75	$	83.41
Tangible Book Value Per Share (TCE/CSO)	$	67.64	$	69.03	$	70.39	$	71.52	$	71.15

(1)	See footnote 3 on page 1.

(2)	Preliminary.

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

(4)

Citi has elected to apply the modified transition provision related to the impact of the CECL accounting standard on regulatory capital, as provided by the U.S. banking agencies’ March 2020 interim final rule. For additional information, see "Capital Resources" in Citi's First Quarter of 2020 Form 10-Q.

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

(9)	RWA excludes assets acquired pursuant to a non-recourse loan provided under the Money Market Mutual Fund Liquidity Facility. Additionally, loans originated under the Paycheck Protection Program receive a 0% risk weight.

(10)

Commencing with the second quarter of 2020, Citigroup's TLE excludes U.S. Treasuries and deposits at Federal Reserve banks. Additionally, TLE excludes assets acquired pursuant to a non-recourse loan provided under the Money Market Mutual Fund Liquidity Facility, as well as exposures pledged as collateral pursuant to a non-recourse loan that is provided as part of the Paycheck Protection Program Lending Facility.

Reclassified to conform to the current period's presentation.

Page 27

CITIGROUP INC - FORM 8-K - EX-99.2 - EXHIBIT 99.2 - July 14, 2020

Attached files