CITIGROUP INC - FORM 8-K - EX-99.2

Attached files

file	filename
8-K - 8-K - CITIGROUP INC	a16-14924_18k.htm
EX-99.1 - EX-99.1 - CITIGROUP INC	a16-14924_1ex99d1.htm

Exhibit 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

2Q16

		Page
Citigroup Consolidated
Financial Summary		1
Consolidated Statement of Income		2
Consolidated Balance Sheet		3
Segment Detail
Net Revenues		4
Income & Citicorp Regional Average Assets and ROA		5
Citicorp
Income Statement and Balance Sheet Data		6
Global Consumer Banking (GCB)		7 - 8
North America		9 - 11
Latin America		12 - 13
Asia (1)		14 - 15
Institutional Clients Group (ICG)		16
Revenues by Business		17

Corporate / Other		18

Citi Holdings
Income Statement and Balance Sheet Data		19
Consumer Key Indicators		20 - 21

Citigroup Supplemental Detail
Average Balances and Interest Rates		22
Deposits		23
Loans
Citicorp		24
Citi Holdings / Total Citigroup		25
Consumer Loan Delinquency Amounts and Ratios
90+ Days		26
30-89 Days		27
Allowance for Credit Losses
Total Citigroup		28
Consumer and Corporate		29 - 30
Components of Provision for Loan Losses
Citicorp		31
Citi Holdings / Total Citigroup		32
Non-Accrual Assets
Total Citigroup		33
Citicorp		34
Citi Holdings		35

Regulatory Capital Ratios and TCE & TBV Reconciliation		36

(1) For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

CITIGROUP — FINANCIAL SUMMARY
(In millions of dollars, except per share amounts, and as otherwise noted)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)

Total Revenues, Net of Interest Expense	$	19,470		$	18,692		$	18,456		$	17,555		$	17,548		—		(10	)%	$	39,206		$	35,103		(10	)%
Total Operating Expenses	10,928			10,669			11,134			10,523			10,369			(1	)%	(5	)%	21,812			20,892			(4	)%
Net Credit Losses (NCLs)	1,920			1,663			1,762			1,724			1,616			(6	)%	(16	)%	3,877			3,340			(14	)%
Credit Reserve Build / (Release)	(405		)	(81		)	494			162			(226		)	NM		44	%	(607		)	(64		)	89	%
Provision (Release) for Unfunded Lending Commitments	(48		)	65			94			71			(30		)	NM		38	%	(85		)	41			NM
Provision for Benefits and Claims	181			189			164			88			49			(44	)%	(73	)%	378			137			(64	)%
Provisions for Credit Losses and for Benefits and Claims	$	1,648		$	1,836		$	2,514		$	2,045		$	1,409		(31	)%	(15	)%	$	3,563		$	3,454		(3	)%
Income from Continuing Operations before Income Taxes	6,894			6,187			4,808			4,987			5,770			16	%	(16	)%	13,831			10,757			(22	)%
Income Taxes (benefits)	2,036			1,881			1,403			1,479			1,723			16	%	(15	)%	4,156			3,202			(23	)%
Income from Continuing Operations	$	4,858		$	4,306		$	3,405		$	3,508		$	4,047		15	%	(17	)%	$	9,675		$	7,555		(22	)%
Income (Loss) from Discontinued Operations, net of Taxes	6			(10		)	(45		)	(2		)	(23		)	NM		NM		1			(25		)	NM
Net Income before Noncontrolling Interests	4,864			4,296			3,360			3,506			4,024			15	%	(17	)%	9,676			7,530			(22	)%
Net Income Attributable to Noncontrolling Interests	18			5			25			5			26			NM		44	%	60			31			(48	)%
Citigroup’s Net Income	$	4,846		$	4,291		$	3,335		$	3,501		$	3,998		14	%	(17	)%	$	9,616		$	7,499		(22	)%

Diluted Earnings Per Share:
Income from Continuing Operations	$	1.51		$	1.36		$	1.03		$	1.11		$	1.25		13	%	(17	)%	$	3.02		$	2.36		(22	)%
Citigroup’s Net Income	$	1.51		$	1.35		$	1.02		$	1.10		$	1.24		13	%	(18	)%	$	3.02		$	2.35		(22	)%
Shares (in millions):
Average Basic	3,020.0			2,993.3			2,968.3			2,943.0			2,915.8			(1	)%	(3	)%	3,027.1			2,929.4			(3	)%
Average Diluted	3,025.0			2,996.9			2,969.5			2,943.1			2,915.9			(1	)%	(4	)%	3,032.2			2,929.5			(3	)%
Common Shares Outstanding, at period end	3,009.8			2,979.0			2,953.3			2,934.9			2,905.4			(1	)%	(3	)%

Preferred Dividends - Basic	$	202		$	174		$	265		$	210		$	322		53	%	59	%	$	330		532			61	%
Preferred Dividends - Diluted	$	202		$	174		$	265		$	210		$	322		53	%	59	%	$	330		532			61	%

Income Allocated to Unrestricted Common Shareholders - Basic
Income from Continuing Operations	$	4,574		$	4,070		$	3,072		$	3,253		$	3,645		12	%	(20	)%	$	9,159		6,899			(25	)%
Citigroup’s Net Income	$	4,580		$	4,061		$	3,028		$	3,251		$	3,623		11	%	(21	)%	$	9,159		6,874			(25	)%

Income Allocated to Unrestricted Common Shareholders - Diluted
Income from Continuing Operations	$	4,574		$	4,070		$	3,072		$	3,253		$	3,645		12	%	(20	)%	$	9,160		6,899			(25	)%
Citigroup’s Net Income	$	4,580		$	4,061		$	3,028		$	3,251		$	3,623		11	%	(21	)%	$	9,160		6,874			(25	)%

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 Capital Ratio (1) (2)	11.37		%	11.67		%	12.07		%	12.34		%	12.5		%
Tier 1 Capital Ratio (1) (2)	12.54		%	12.91		%	13.49		%	13.81		%	14.1		%
Total Capital Ratio (1) (2)	14.14		%	14.60		%	15.30		%	15.71		%	16.1		%
Supplementary Leverage Ratio (2) (3)	6.72		%	6.85		%	7.08		%	7.44		%	7.5		%
Return on Average Assets	1.06		%	0.94		%	0.74		%	0.79		%	0.89		%					1.05		%	0.84		%
Return on Average Common Equity	9.1		%	8.0		%	5.9		%	6.4		%	7.0		%					9.2		%	6.7		%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)	56		%	57		%	60		%	60		%	59		%					56		%	60		%


Balance Sheet Data (in billions of dollars, except Book Value Per Share):
Total Assets	$	1,829.4		$	1,808.4		$	1,731.2		$	1,801.0		$	1,818.8		1	%	(1	)%
Total Average Assets	1,839.7			1,818.4			1,784.3			1,777.6			1,807.3			2	%	(2	)%	$	1,846.4		$	1,792.5		(3	)%
Total Deposits	908.0			904.2			907.9			934.6			937.9			—		3	%
Citigroup’s Stockholders’ Equity	219.4			220.8			221.9			227.5			231.9			2	%	6	%
Book Value Per Share	68.27			69.03			69.46			71.47			73.19			2	%	7	%
Tangible Book Value (TBV) Per Share (4)	59.18			60.07			60.61			62.58			63.53			2	%	7	%

Direct Staff (in thousands)	238			239			231			225			220			(2	)%	(8	)%

(1)	Citigroup’s risk-based capital ratios, which reflect full implementation of the U.S. Basel III rules, are non-GAAP financial measures. These ratios are calculated under the Basel III Advanced Approaches framework. For the composition of Citi’s Common Equity Tier 1 Capital and ratio, see page 36.
(2)	June 30, 2016 ratios are preliminary.
(3)	Citigroup’s Supplementary Leverage Ratio (SLR), which reflects full implementation of the U.S. Basel III rules, is a non-GAAP financial measure. For the composition of Citi’s SLR, see page 36.
(4)	Tangible book value per share is a non-GAAP financial measure. See page 36 for a reconciliation of this measure to reported results.

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME
(In millions of dollars)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)
Revenues
Interest revenue	$	14,873		$	14,714		$	14,364		$	14,167		$	14,356		1	%	(3	)%	$	29,473		$	28,523		(3	)%
Interest expense	3,051			2,941			2,901			2,940			3,120			6	%	2	%	6,079			6,060			—
Net interest revenue	11,822			11,773			11,463			11,227			11,236			—		(5	)%	23,394			22,463			(4	)%

Commissions and fees	3,194			2,732			2,752			2,463			2,725			11	%	(15	)%	6,364			5,188			(18	)%
Principal transactions	2,173			1,327			537			1,840			1,816			(1	)%	(16	)%	4,144			3,656			(12	)%
Administrative and other fiduciary fees	995			870			821			811			878			8	%	(12	)%	1,957			1,689			(14	)%
Realized gains (losses) on investments	183			151			41			186			200			8	%	9	%	490			386			(21	)%
Other-than-temporary impairment losses on investments and other assets	(43		)	(80		)	(70		)	(465		)	(118		)	75	%	NM		(115		)	(583		)	NM
Insurance premiums	482			464			402			264			217			(18	)%	(55	)%	979			481			(51	)%
Other revenue	664			1,455			2,510			1,229			594			(52	)%	(11	)%	1,993			1,823			(9	)%
Total non-interest revenues	7,648			6,919			6,993			6,328			6,312			—		(17	)%	15,812			12,640			(20	)%
Total revenues, net of interest expense	19,470			18,692			18,456			17,555			17,548			—		(10	)%	39,206			35,103			(10	)%

Provisions for Credit Losses and for Benefits and Claims

Net credit losses	1,920			1,663			1,762			1,724			1,616			(6	)%	(16	)%	3,877			3,340			(14	)%
Credit reserve build / (release)	(405		)	(81		)	494			162			(226		)	NM		44	%	(607		)	(64		)	89	%
Provision for loan losses	1,515			1,582			2,256			1,886			1,390			(26	)%	(8	)%	3,270			3,276			—
Provison for Policyholder benefits and claims	181			189			164			88			49			(44	)%	(73	)%	378			137			(64	)%
Provision for unfunded lending commitments	(48		)	65			94			71			(30		)	NM		38	%	(85		)	41			NM
Total provisions for credit losses and for benefits and claims	1,648			1,836			2,514			2,045			1,409			(31	)%	(15	)%	3,563			3,454			(3	)%

Operating Expenses
Compensation and benefits	5,483			5,321			5,445			5,556			5,229			(6	)%	(5	)%	11,003			10,785			(2	)%
Premises and Equipment	737			722			710			651			642			(1	)%	(13	)%	1,446			1,293			(11	)%
Technology / communication expense	1,656			1,628			1,697			1,649			1,657			—		—		3,256			3,306			2	%
Advertising and marketing expense	393			391			371			390			433			11	%	10	%	785			823			5	%
Other operating	2,659			2,607			2,911			2,277			2,408			6	%	(9	)%	5,322			4,685			(12	)%
Total operating expenses	10,928			10,669			11,134			10,523			10,369			(1	)%	(5	)%	21,812			20,892			(4	)%

Income from Continuing Operations before
Income Taxes	6,894			6,187			4,808			4,987			5,770			16	%	(16	)%	13,831			10,757			(22	)%
Provision (benefits) for income taxes	2,036			1,881			1,403			1,479			1,723			16	%	(15	)%	4,156			3,202			(23	)%

Income from Continuing Operations	4,858			4,306			3,405			3,508			4,047			15	%	(17	)%	9,675			7,555			(22	)%
Discontinued Operations
Income (Loss) from Discontinued Operations	9			(15		)	(69		)	(3		)	(36		)	NM		NM		1			(39		)	NM
Gain (Loss) on Sale	—			—			—			—			—			—		—		—			—			—
Provision (benefits) for income taxes	3			(5		)	(24		)	(1		)	(13		)	NM		NM		—			(14		)	NM
Income (Loss) from Discontinued Operations, net of taxes	6			(10		)	(45		)	(2		)	(23		)	NM		NM		1			(25		)	NM

Net Income before Noncontrolling Interests	4,864			4,296			3,360			3,506			4,024			15	%	(17	)%	9,676			7,530			(22	)%

Net Income attributable to noncontrolling interests	18			5			25			5			26			NM		44	%	60			31			(48	)%
Citigroup’s Net Income	$	4,846		$	4,291		$	3,335		$	3,501		$	3,998		14	%	(17	)%	$	9,616		$	7,499		(22	)%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET
(In millions of dollars)

																2Q16 Increase/
	June 30,			September 30,			December 31,			March 31,			June 30,			(Decrease) from
	2015			2015			2015			2016			2016 (1)			1Q16		2Q15
Assets
Cash and due from banks (including segregated cash and other deposits)	$	23,413		$	21,726		$	20,900		$	22,240		$	22,140		—		(5	)%
Deposits with banks	130,685			137,935			112,197			136,049			127,993			(6	)%	(2	)%
Fed funds sold and securities borr’d or purch under agree. to resell	237,054			231,695			219,675			225,093			228,683			2	%	(4	)%
Brokerage receivables	43,921			37,875			27,683			35,261			36,851			5	%	(16	)%
Trading account assets	279,197			266,946			249,956			273,747			271,764			(1	)%	(3	)%
Investments
Available-for-sale and non-marketable equity securities	301,955			308,499			306,740			316,362			320,390			1	%	6	%
Held-to-maturity	30,166			33,940			36,215			36,890			35,903			(3	)%	19	%
Total Investments	332,121			342,439			342,955			353,252			356,293			1	%	7	%
Loans, net of unearned income
Consumer	338,194			329,219			325,785			317,900			326,419			3	%	(3	)%
Corporate	293,924			293,225			291,832			300,924			307,096			2	%	4	%
Loans, net of unearned income	632,118			622,444			617,617			618,824			633,515			2	%	—
Allowance for loan losses	(14,075		)	(13,626		)	(12,626		)	(12,712		)	(12,304		)	3	%	13	%
Total loans, net	618,043			608,818			604,991			606,112			621,211			2	%	1	%
Goodwill	23,012			22,444			22,349			22,575			22,496			—		(2	)%
Intangible assets (other than MSRs)	4,071			3,880			3,721			3,493			5,521			58	%	36	%
Mortgage servicing rights (MSRs)	1,924			1,766			1,781			1,524			1,324			(13	)%	(31	)%
Other assets	135,929			132,832			125,002			121,621			124,495			2	%	(8	)%
Total assets	$	1,829,370		$	1,808,356		$	1,731,210		$	1,800,967		$	1,818,771		1	%	(1	)%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	135,013		$	141,425		$	139,249		$	138,153		$	140,145		1	%	4	%
Interest-bearing deposits in U.S. offices	268,947			267,057			280,234			284,969			295,589			4	%	10	%
Total U.S. Deposits	403,960			408,482			419,483			423,122			435,734			3	%	8	%
Non-interest-bearing deposits in offices outside the U.S.	72,629			73,188			71,577			77,865			76,574			(2	)%	5	%
Interest-bearing deposits in offices outside the U.S.	431,448			422,573			416,827			433,604			425,544			(2	)%	(1	)%
Total International Deposits	504,077			495,761			488,404			511,469			502,118			(2	)%	—

Total deposits	908,037			904,243			907,887			934,591			937,852			—		3	%
Fed funds purch and securities loaned or sold under agree. to repurch.	177,012			168,604			146,496			157,208			158,001			1	%	(11	)%
Brokerage payables	54,867			59,557			53,722			58,257			62,054			7	%	13	%
Trading account liabilities	136,295			125,981			117,512			136,146			136,307			—		—
Short-term borrowings	25,907			23,715			21,079			20,893			18,408			(12	)%	(29	)%
Long-term debt	211,845			213,533			201,275			207,835			207,448			—		(2	)%
Other liabilities (2)	94,582			90,586			60,147			57,276			65,680			15	%	(31	)%
Total liabilities	$	1,608,545		$	1,586,219		$	1,508,118		$	1,572,206		$	1,585,750		1	%	(1	)%

Equity
Stockholders’ equity
Preferred stock	$	13,968		$	15,218		$	16,718		$	17,753		$	19,253		8	%	38	%
Common stock	31			31			31			31			31			—		—
Additional paid-in capital	108,219			108,261			108,288			107,590			107,730			—		—
Retained earnings	126,954			130,921			133,841			136,998			140,527			3	%	11	%
Treasury stock	(4,628		)	(6,326		)	(7,677		)	(8,224		)	(9,538		)	(16	)%	NM
Accumulated other comprehensive income (loss)	(25,104		)	(27,257		)	(29,344		)	(26,626		)	(26,115		)	2	%	(4	)%
Total common equity	$	205,472		$	205,630		$	205,139		$	209,769		$	212,635		1	%	3	%

Total Citigroup stockholders’ equity	$	219,440		$	220,848		$	221,857		$	227,522		$	231,888		2	%	6	%
Noncontrolling interests	1,385			1,289			1,235			1,239			1,133			(9	)%	(18	)%
Total equity	220,825			222,137			223,092			228,761			233,021			2	%	6	%
Total liabilities and equity	$	1,829,370		$	1,808,356		$	1,731,210		$	1,800,967		$	1,818,771		1	%	(1	)%

(1)	Preliminary.
(2)	Includes allowance for credit losses for letters of credit and unfunded lending commitments. See page 28 for amounts by period.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 3

CITIGROUP
SEGMENT DETAIL
NET REVENUES
(In millions of dollars)

												2Q16 Increase/				Six		Six		YTD 2016 vs.
	2Q		3Q		4Q			1Q		2Q		(Decrease) from				Months		Months		YTD 2015 Increase/
	2015		2015		2015			2016		2016		1Q16		2Q15		2015		2016		(Decrease)

CITICORP
Global Consumer Banking
North America	$	4,895	$	4,893	$	4,870		$	4,874	$	4,756	(2	)%	(3	)%	$	9,955	$	9,630	(3	)%
Latin America	1,432		1,545		1,361			1,241		1,248		1	%	(13	)%	2,864		2,489		(13	)%
Asia (1)	1,857		1,696		1,644			1,655		1,729		4	%	(7	)%	3,667		3,384		(8	)%
Total	8,184		8,134		7,875			7,770		7,733		—		(6	)%	16,486		15,503		(6	)%

Institutional Clients Group (Ex-CVA/DVA) (2)
North America	3,379		3,346		2,779			3,046		3,478		14	%	3	%	6,697		6,524		(3	)%
EMEA	2,435		2,253		2,132			2,207		2,615		18	%	7	%	5,441		4,822		(11	)%
Latin America	1,011		1,062		970			975		1,033		6	%	2	%	2,011		2,008		—
Asia	1,818		1,777		1,614			1,808		1,720		(5	)%	(5	)%	3,640		3,528		(3	)%
Total	8,643		8,438		7,495			8,036		8,846		10	%	2	%	17,789		16,882		(5	)%

Corporate / Other	371		218		107			274		126		(54	)%	(66	)%	583		400		(31	)%

Total Citicorp (Ex-CVA/DVA) (2)	17,198		16,790		15,477			16,080		16,705		4	%	(3	)%	34,858		32,785		(6	)%

Total Citi Holdings (Ex-CVA/DVA) (2)	1,960		1,706		3,160			1,475		843		(43	)%	(57	)%	4,109		2,318		(44	)%

Total Citigroup - Net Revenues (Ex-CVA/DVA) (2)	$	19,158	$	18,496	$	18,637		$	17,555	$	17,548	—		(8	)%	38,967		35,103		(10	)%

CVA/DVA for Periods Prior to 1Q16 (2)	312		196		(181		)	—		—		—		(100	)%	239		—		(100	)%

Total Citigroup - Net Revenues	$	19,470	$	18,692	$	18,456		$	17,555	$	17,548	—		(10	)%	$	39,206	$	35,103	(10	)%

(1)

For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2)

Credit valuation adjustments (CVA) on derivatives (counterparty and own-credit), net of hedges; Funding Valuation Adjustments (FVA) on derivatives; and Debt Valuation Adjustments (DVA) on Citigroup’s fair value option liabilities (collectively referred to as CVA/DVA). During the first quarter of 2016, Citi adopted ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities on a prospective basis. Accordingly, beginning in the first quarter of 2016, changes in DVA are reflected as a component of Accumulated Other Comprehensive Income. In the tables above and on pages 5, 16 and 17, results for all periods prior to the first quarter of 1Q16 exclude the impact of CVA/DVA, as applicable, for consistency with the current period’s presentation. Citigroup’s results of operations excluding the impact of CVA/DVA in such periods are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 4

CITIGROUP
SEGMENT DETAIL
INCOME
(In millions of dollars)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)
Income from Continuing Operations:
CITICORP
Global Consumer Banking
North America	$	1,085		$	1,080		$	993		$	860		$	842		(2	)%	(22	)%	$	2,238		$	1,702		(24	)%
Latin America	190			306			152			156			184			18	%	(3	)%	410			340			(17	)%
Asia (1)	336			305			217			215			297			38	%	(12	)%	675			512			(24	)%
Total	1,611			1,691			1,362			1,231			1,323			7	%	(18	)%	3,323			2,554			(23	)%

Institutional Clients Group (Ex-CVA/DVA) (2)
North America	989			931			517			584			1,059			81	%	7	%	1,969			1,643			(17	)%
EMEA	613			408			231			399			720			80	%	17	%	1,616			1,119			(31	)%
Latin America	420			397			190			337			396			18	%	(6	)%	801			733			(8	)%
Asia	648			554			441			639			540			(15	)%	(17	)%	1,302			1,179			(9	)%
Total	2,670			2,290			1,379			1,959			2,715			39	%	2	%	5,688			4,674			(18	)%

Corporate / Other	231			183			101			(29		)	(89		)	NM		NM		212			(118		)	NM

Total Citicorp (Ex-CVA/DVA) (2)	4,512			4,164			2,842			3,161			3,949			25	%	(12	)%	9,223			7,110			(23	)%

Total Citi Holdings (Ex-CVA/DVA) (2)	150			15			677			347			98			(72	)%	(35	)%	303			445			47	%

Income From Continuing Operations - Ex-CVA/DVA (2)	4,662			4,179			3,519			3,508			4,047			15	%	(13	)%	9,526			7,555			(21	)%

Discontinued Operations	6			(10		)	(45		)	(2		)	(23		)	NM		NM		1			(25		)	NM

Net Income Attributable to Noncontrolling Interests	18			5			25			5			26			NM		44	%	60			31			(48	)%

Citigroup’s Net Income - Ex-CVA/DVA (2)	$	4,650		$	4,164		$	3,449		$	3,501		$	3,998		14	%	(14	)%	$	9,467		$	7,499		(21	)%

CVA/DVA (after-tax) for Periods Prior to 1Q16 (2)	196			127			(114		)	—			—			—		(100	)%	149			—			(100	)%

Total Citigroup - Net Income	$	4,846		$	4,291		$	3,335		$	3,501		$	3,998		14	%	(17	)%	$	9,616		$	7,499		(22	)%

Citicorp - Average Assets
North America	$	876		$	881		$	887		$	904		$	921		2	%	5	%	$	880		$	912		4	%
EMEA (1)	331			312			300			301			312			4	%	(6	)%	324			307			(5	)%
Latin America	145			139			141			137			139			1	%	(4	)%	146			138			(5	)%
Asia (1)	313			307			308			307			315			3	%	1	%	312			311			—
Corporate / Other	49			59			51			51			49			(4	)%	—		55			50			(9	)%
Total	$	1,714		$	1,698		$	1,687		$	1,700		$	1,736		2	%	1	%	$	1,717		$	1,718		—

Citicorp - Return on Average Assets (ROA)(Ex-CVA/DVA) (2) (3)
North America	0.95		%	0.91		%	0.68		%	0.64		%	0.83		%					0.96		%	0.74		%
EMEA (1)	0.73		%	0.52		%	0.29		%	0.52		%	0.91		%					0.98		%	0.72		%
Latin America	1.68		%	2.00		%	0.95		%	1.44		%	1.68		%					1.67		%	1.56		%
Asia (1)	1.26		%	1.10		%	0.85		%	1.12		%	1.07		%					1.28		%	1.09		%
Corporate/Other	1.96		%	1.14		%	0.38		%	(0.18		)%	(0.94		)%					0.75		%	(0.56		)%
Total	1.05		%	0.97		%	0.65		%	0.75		%	0.90		%					1.08		%	0.83		%

(1)	For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.
(2)	See footnote 2 on page 4.
(3)	For all periods prior to the first quarter of 2016, ROA excluding CVA/DVA is defined as annualized net income (less CVA/DVA), divided by average assets. See above for after-tax CVA/DVA for each period presented.

NM Not Meaningful

Reclassified to conform to the current period’s presentation.

Page 5

CITICORP

INCOME STATEMENT AND BALANCE SHEET DATA

(In millions of dollars, except as otherwise noted)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)
Revenues
Net interest revenue	$	10,622		$	10,622		$	10,616		$	10,630		$	10,687		1	%	1	%	$	20,935		$	21,317		2	%
Non-interest revenue	6,879			6,389			4,675			5,450			6,018			10	%	(13	)%	14,157			11,468			(19	)%
Total revenues, net of interest expense	17,501			17,011			15,291			16,080			16,705			4	%	(5	)%	35,092			32,785			(7	)%

Provisions for Credit Losses and for Benefits and Claims
Net credit losses	1,586			1,391			1,501			1,581			1,514			(4	)%	(5	)%	3,074			3,095			1	%
Credit reserve build / (release)	(220		)	90			421			193			(2		)	NM		99	%	(250		)	191			NM
Provision for loan losses	1,366			1,481			1,922			1,774			1,512			(15	)%	11	%	2,824			3,286			16	%
Provision for benefits and claims	21			28			30			28			20			(29	)%	(5	)%	49			48			(2	)%
Provision for unfunded lending commitments	(50		)	84			95			73			(25		)	NM		50	%	(82		)	48			NM
Total provisions for credit losses and for benefits and claims	1,337			1,593			2,047			1,875			1,507			(20	)%	13	%	2,791			3,382			21	%

Total operating expenses	9,566			9,295			9,684			9,695			9,511			(2	)%	(1	)%	19,065			19,206			1	%

Income from Continuing Operations before Income Taxes	6,598			6,123			3,560			4,510			5,687			26	%	(14	)%	13,236			10,197			(23	)%
Provision for income taxes	1,896			1,816			835			1,349			1,738			29	%	(8	)%	3,867			3,087			(20	)%

Income from Continuing Operations	4,702			4,307			2,725			3,161			3,949			25	%	(16	)%	9,369			7,110			(24	)%

Income (loss) from Discontinued Operations, net of taxes	6			(10		)	(45		)	(2		)	(23		)	NM		NM		1			(25		)	NM

Noncontrolling interests	18			5			15			4			21			NM		17	%	59			25			(58	)%
Citicorp’s Net Income	$	4,690		$	4,292		$	2,665		$	3,155		$	3,905		24	%	(17	)%	$	9,311		$	7,060		(24	)%

Balance Sheet Data (in billions of dollars):

Total EOP Assets	$	1,705		$	1,691		$	1,650		$	1,728		$	1,753		1	%	3	%

Average Assets	$	1,714		$	1,698		$	1,687		$	1,700		$	1,736		2	%	1	%	$	1,717		$	1,718		—
Return on Average Assets	1.10		%	1.00		%	0.63		%	0.75		%	0.90		%					1.09		%	0.83		%
Efficiency Ratio (Operating Expenses/Total Revenues, net)	55		%	55		%	63		%	60		%	57		%					54		%	59		%
Total EOP Loans	$	568		$	563		$	569		$	573		$	592		3	%	4	%
Total EOP Deposits	$	896		$	894		$	898		$	925		$	932		1	%	4	%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 6

CITICORP

GLOBAL CONSUMER BANKING

Page 1

(In millions of dollars, except as otherwise noted)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)

Net Interest Revenue	$	6,457		$	6,519		$	6,547		$	6,406		$	6,364		(1	)%	(1	)%	$	12,918		$	12,770		(1	)%
Non-Interest Revenue	1,727			1,615			1,328			1,364			1,369			—		(21	)%	3,568			2,733			(23	)%
Total Revenues, Net of Interest Expense	8,184			8,134			7,875			7,770			7,733			—		(6	)%	16,486			15,503			(6	)%
Total Operating Expenses	4,338			4,231			4,346			4,408			4,304			(2	)%	(1	)%	8,643			8,712			1	%
Net Credit Losses	1,504			1,354			1,405			1,370			1,373			—		(9	)%	2,993			2,743			(8	)%
Credit Reserve Build / (Release)	(97		)	(103		)	(44		)	85			24			(72	)%	NM		(246		)	109			NM
Provision for Unfunded Lending Commitments	(4		)	1			6			2			8			NM		NM		(4		)	10			NM
Provision for Benefits and Claims	21			28			30			28			20			(29	)%	(5	)%	49			48			(2	)%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	1,424			1,280			1,397			1,485			1,425			(4	)%	—		2,792			2,910			4	%
Income from Continuing Operations before Taxes	2,422			2,623			2,132			1,877			2,004			7	%	(17	)%	5,051			3,881			(23	)%
Income Taxes	811			932			770			646			681			5	%	(16	)%	1,728			1,327			(23	)%
Income from Continuing Operations	1,611			1,691			1,362			1,231			1,323			7	%	(18	)%	3,323			2,554			(23	)%
Noncontrolling Interests	5			8			1			2			1			(50	)%	(80	)%	1			3			NM
Net Income	$	1,606		$	1,683		$	1,361		$	1,229		$	1,322		8	%	(18	)%	$	3,322		$	2,551		(23	)%
Average Assets (in billions of dollars)	$	381		$	375		$	379		$	378		$	388		3	%	2	%	$	381		$	383		1	%
Return on Average Assets (ROA)	1.69		%	1.78		%	1.42		%	1.31		%	1.37		%					1.76		%	1.34		%
Efficiency Ratio	53		%	52		%	55		%	57		%	56		%					52		%	56		%

Net Credit Losses as a % of Average Loans	2.21		%	1.99		%	2.04		%	2.03		%	2.02		%					2.21		%	2.03		%

Revenue by Business
Retail Banking	$	3,533		$	3,514		$	3,280		$	3,216		$	3,272		2	%	(7	)%	$	7,071		$	6,488		(8	)%
Cards (1)	4,651			4,620			4,595			4,554			4,461			(2	)%	(4	)%	9,415			9,015			(4	)%
Total	$	8,184		$	8,134		$	7,875		$	7,770		$	7,733		—		(6	)%	$	16,486		$	15,503		(6	)%

Net Credit Losses by Business
Retail Banking	$	261		$	247		$	295		$	220		$	242		10	%	(7	)%	$	516		$	462		(10	)%
Cards (1)	1,243			1,107			1,110			1,150			1,131			(2	)%	(9	)%	2,477			2,281			(8	)%
Total	$	1,504		$	1,354		$	1,405		$	1,370		$	1,373		—		(9	)%	$	2,993		$	2,743		(8	)%

Income (loss) from Continuing Operations by Business
Retail Banking	$	549		$	574		$	313		$	317		$	489		54	%	(11	)%	$	1,128		$	806		(29	)%
Cards (1)	1,062			1,117			1,049			914			834			(9	)%	(21	)%	2,195			1,748			(20	)%
Total	$	1,611		$	1,691		$	1,362		$	1,231		$	1,323		7	%	(18	)%	$	3,323		$	2,554		(23	)%

Foreign Currency (FX) Translation Impact:
Total Revenue - as Reported	$	8,184		$	8,134		$	7,875		$	7,770		$	7,733		—		(6	)%	$	16,486		$	15,503		(6	)%
Impact of FX Translation (2)	(299		)	(113		)	(82		)	7			—							(597		)	—
Total Revenues - Ex-FX (2)	$	7,885		$	8,021		$	7,793		$	7,777		$	7,733		(1	)%	(2	)%	$	15,889		$	15,503		(2	)%

Total Operating Expenses - as Reported	$	4,338		$	4,231		$	4,346		$	4,408		$	4,304		(2	)%	(1	)%	$	8,643		$	8,712		1	%
Impact of FX Translation (2)	(135		)	(44		)	(33		)	11			—							(276		)	—
Total Operating Expenses - Ex-FX (2)	$	4,203		$	4,187		$	4,313		$	4,419		$	4,304		(3	)%	2	%	$	8,367		$	8,712		4	%

Total Provisions for LLR & PBC - as Reported	$	1,424		$	1,280		$	1,397		$	1,485		$	1,425		(4	)%	—		$	2,792		$	2,910		4	%
Impact of FX Translation (2)	(57		)	(25		)	(19		)	(1		)	—							(121		)	—
Total Provisions for LLR & PBC - Ex-FX (2)	$	1,367		$	1,255		$	1,378		$	1,484		$	1,425		(4	)%	4	%	$	2,671		$	2,910		9	%

Net Income - as Reported	$	1,606		$	1,683		$	1,361		$	1,229		$	1,322		8	%	(18	)%	$	3,322		$	2,551		(23	)%
Impact of FX Translation (2)	(73		)	(33		)	(24		)	(2		)	—							(135		)	—
Net Income - Ex-FX (2)	$	1,533		$	1,650		$	1,337		$	1,227		$	1,322		8	%	(14	)%	$	3,187		$	2,551		(20	)%

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

(2) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the second quarter of 2016 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 7

CITICORP

GLOBAL CONSUMER BANKING

Page 2

																2Q16 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2015			2015			2015			2016			2016			1Q16		2Q15

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

Branches (actual)	2,805			2,795			2,785			2,703			2,681			(1	)%	(4	)%
Accounts (in millions)	55.2			56.2			56.2			55.9			56.3			1	%	2	%
Average Deposits	$	297.9		$	294.9		$	295.2		$	295.6		$	298.9		1	%	—
Investment Sales	$	25.5		$	19.7		$	17.3		$	16.4		$	18.8		15	%	(26	)%
Investment Assets under Management (AUMs)	$	154.0		$	144.4		$	152.6		$	144.1		$	139.9		(3	)%	(9	)%
Average Loans	$	142.7		$	140.1		$	141.2		$	139.9		$	141.4		1	%	(1	)%
EOP Loans:
Real Estate Lending	$	80.1		$	79.0		$	80.2		$	82.2		$	81.6		(1	)%	2	%
Commercial Markets	33.7			32.3			31.7			32.1			30.9			(4	)%	(8	)%
Personal and Other	28.9			28.1			28.8			28.0			29.3			5	%	1	%
EOP Loans	$	142.7		$	139.4		$	140.7		$	142.3		$	141.8		—		(1	)%

Net Interest Revenue (in millions) (1)	$	2,214		$	2,200		$	2,215		$	2,191		$	2,180		(1	)%	(2	)%
As a % of Average Loans	6.22		%	6.23		%	6.22		%	6.30		%	6.20		%

Net Credit Losses (in millions)	$	261		$	247		$	295		$	220		$	242		10	%	(7	)%
As a % of Average Loans	0.73		%	0.70		%	0.83		%	0.63		%	0.69		%
Loans 90+ Days Past Due (in millions) (2)	$	567		$	529		$	523		$	498		$	515		3	%	(9	)%
As a % of EOP Loans	0.40		%	0.38		%	0.37		%	0.35		%	0.37		%
Loans 30-89 Days Past Due (in millions) (2)	$	746		$	764		$	739		$	793		$	735		(7	)%	(1	)%
As a % of EOP Loans	0.53		%	0.55		%	0.53		%	0.56		%	0.52		%

Cards Key Indicators (in millions of dollars, except as otherwise noted) (3)
EOP Open Accounts (in millions)	135.9			135.6			135.9			134.1			143.0			7	%	5	%
Purchase Sales (in billions)	$	89.7		$	88.6		$	96.2		$	84.6		$	95.7		13	%	7	%

Average Loans (in billions) (4)	$	129.9		$	129.7		$	131.5		$	131.3		$	131.9		—		2	%
EOP Loans (in billions) (4)	$	131.7		$	130.3		$	136.3		$	130.3		$	143.4		10	%	9	%
Average Yield (5)	13.33		%	13.25		%	13.09		%	13.21		%	13.05		%
Net Interest Revenue (6)	$	4,243		$	4,319		$	4,332		$	4,215		$	4,184		(1	)%	(1	)%
As a % of Average Loans (6)	13.10		%	13.21		%	13.07		%	12.91		%	12.76		%
Net Credit Losses	$	1,243		$	1,107		$	1,110		$	1,150		$	1,131		(2	)%	(9	)%
As a % of Average Loans	3.84		%	3.39		%	3.35		%	3.52		%	3.45		%
Net Credit Margin (7)	$	3,399		$	3,501		$	3,476		$	3,396		$	3,322		(2	)%	(2	)%
As a % of Average Loans (7)	10.50		%	10.71		%	10.49		%	10.40		%	10.13		%
Loans 90+ Days Past Due	$	1,453		$	1,452		$	1,596		$	1,524		$	1,450		(5	)%	—
As a % of EOP Loans	1.10		%	1.11		%	1.17		%	1.17		%	1.01		%
Loans 30-89 Days Past Due	$	1,544		$	1,663		$	1,679		$	1,567		$	1,583		1	%	3	%
As a % of EOP Loans	1.17		%	1.28		%	1.23		%	1.20		%	1.10		%

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

(2) The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies. See footnote 2 on page 10.

(3) See footnote 2 on page 11.

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

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

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

(7) 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 8

CITICORP

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 1

(In millions of dollars, except as otherwise noted)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)

Net Interest Revenue	$	4,312		$	4,455		$	4,506		$	4,442		$	4,377		(1	)%	2	%	$	8,648		$	8,819		2	%
Non-Interest Revenue	583			438			364			432			379			(12	)%	(35	)%	1,307			811			(38	)%
Total Revenues, Net of Interest Expense	4,895			4,893			4,870			4,874			4,756			(2	)%	(3	)%	9,955			9,630			(3	)%
Total Operating Expenses	2,316			2,319			2,405			2,506			2,432			(3	)%	5	%	4,657			4,938			6	%
Net Credit Losses	999			878			914			932			953			2	%	(5	)%	1,959			1,885			(4	)%
Credit Reserve Build / (Release)	(108		)	(61		)	(69		)	79			50			(37	)%	NM		(207		)	129			NM
Provision for Unfunded Lending Commitments	—			—			6			1			7			NM		NM		1			8			NM
Provision for Benefits and Claims	9			11			8			9			8			(11	)%	(11	)%	19			17			(11	)%
Provisions for Loan Losses and for Benefits and Claims	900			828			859			1,021			1,018			—		13	%	1,772			2,039			15	%
Income from Continuing Operations before Taxes	1,679			1,746			1,606			1,347			1,306			(3	)%	(22	)%	3,526			2,653			(25	)%
Income Taxes (benefits)	594			666			613			487			464			(5	)%	(22	)%	1,288			951			(26	)%
Income from Continuing Operations	1,085			1,080			993			860			842			(2	)%	(22	)%	2,238			1,702			(24	)%
Noncontrolling Interests	—			1			1			—			(1		)	(100	)%	(100	)%	1			(1		)	NM
Net Income	$	1,085		$	1,079		$	992		$	860		$	843		(2	)%	(22	)%	$	2,237		$	1,703		(24	)%
Average Assets (in billions of dollars)	$	207		$	209		$	210		$	212		$	219		3	%	6	%	$	208		$	216		4	%
Return on Average Assets	2.10		%	2.05		%	1.87		%	1.63		%	1.55		%					2.17		%	1.59		%
Efficiency Ratio	47		%	47		%	49		%	51		%	51		%					47		%	51		%

Net Credit Losses as a % of Average Loans	2.58		%	2.21		%	2.26		%	2.32		%	2.34		%					2.54		%	2.33		%

Revenue by Business
Retail Banking	$	1,379		$	1,347		$	1,338		$	1,307		$	1,330		2	%	(4	)%	$	2,793		$	2,637		(6	)%
Citi-Branded Cards	1,933			1,930			1,937			1,880			1,907			1	%	(1	)%	3,942			3,787			(4	)%
Citi Retail Services	1,583			1,616			1,595			1,687			1,519			(10	)%	(4	)%	3,220			3,206			—
Total	$	4,895		$	4,893		$	4,870		$	4,874		$	4,756		(2	)%	(3	)%	$	9,955		$	9,630		(3	)%

Net Credit Losses by Business
Retail Banking	$	39		$	34		$	42		$	24		$	44		83	%	13	%	$	74		$	68		(8	)%
Citi-Branded Cards	503			443			454			455			467			3	%	(7	)%	995			922			(7	)%
Citi Retail Services	457			401			418			453			442			(2	)%	(3	)%	890			895			1	%
Total	$	999		$	878		$	914		$	932		$	953		2	%	(5	)%	$	1,959		$	1,885		(4	)%

Income (loss) from Continuing Operations by Business
Retail Banking	$	207		$	161		$	137		$	98		$	178		82	%	(14	)%	$	417		$	276		(34	)%
Citi-Branded Cards	499			522			515			366			334			(9	)%	(33	)%	1,038			700			(33	)%
Citi Retail Services	379			397			341			396			330			(17	)%	(13	)%	783			726			(7	)%
Total	$	1,085		$	1,080		$	993		$	860		$	842		(2	)%	(22	)%	$	2,238		$	1,702		(24	)%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 9

CITICORP

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2

																2Q16 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2015			2015			2015			2016			2016			1Q16		2Q15

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

Branches (actual)	779			779			780			729			729			—		(6	)%
Accounts (in millions)	11.3			11.2			11.0			10.8			10.8			—		(4	)%
Investment Sales	$	5.9		$	4.9		$	4.6		$	4.8		$	5.5		15	%	(7	)%
Investment AUMs	$	50.6		$	47.9		$	48.9		$	49.4		$	51.4		4	%	2	%

Average Deposits	$	179.9		$	181.4		$	181.2		$	180.6		$	182.1		1	%	1	%

Average Loans	$	49.3		$	50.3		$	51.8		$	52.9		$	54.4		3	%	10	%

EOP Loans:
Real Estate Lending	$	38.9		$	40.6		$	41.9		$	42.9		$	43.9		2	%	13	%
Commercial Markets	8.5			8.4			7.8			8.2			8.4			2	%	(1	)%
Personal and Other	1.8			2.0			2.5			2.4			2.5			4	%	39	%
Total EOP Loans	$	49.2		$	51.0		$	52.2		$	53.5		$	54.8		2	%	11	%

Mortgage Originations (1)	$	8.8		$	7.5		$	6.2		$	5.5		$	6.4		16	%	(27	)%

Third Party Mortgage Servicing Portfolio (EOP)	$	165.0		$	162.6		$	159.5		$	155.9		$	151.8		(3	)%	(8	)%

Net Servicing & Gain/(Loss) on Sale (in millions)	$	179.4		$	107.2		$	110.6		$	97.6		$	90.9		(7	)%	(49	)%

Saleable Mortgage Rate Locks	$	5.0		$	3.9		$	3.2		$	3.1		$	4.0		29	%	(20	)%

Net Interest Revenue on Loans (in millions)	$	266		$	262		$	271		$	276		$	268		(3	)%	1	%
As a % of Avg. Loans	2.16		%	2.07		%	2.08		%	2.10		%	1.98		%

Net Credit Losses (in millions)	$	39		$	34		$	42		$	24		$	44		83	%	13	%
As a % of Avg. Loans	0.32		%	0.27		%	0.32		%	0.18		%	0.33		%

Loans 90+ Days Past Due (in millions) (2)	$	150		$	138		$	165		$	152		$	180		18	%	20	%
As a % of EOP Loans	0.31		%	0.28		%	0.32		%	0.29		%	0.33		%
Loans 30-89 Days Past Due (in millions) (2)	$	176		$	198		$	221		$	198		$	192		(3	)%	9	%
As a % of EOP Loans	0.36		%	0.40		%	0.43		%	0.38		%	0.36		%

(1) Originations on 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 $423 million and ($0.8 billion), $498 million and ($0.9 billion), $491 million and ($1.1 billion), $456 million and ($1.1 billion), and $408 million and ($0.9 billion), as of June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $75 million and ($0.8 billion), $79 million and ($0.9 billion), $87 million and ($1.1 billion), $86 million and ($1.1 billion), and $91 million and ($0.9 billion), as of June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016, respectively.

Reclassified to conform to the current period’s presentation.

Page 10

CITICORP

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3

																2Q16 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2015			2015			2015			2016			2016			1Q16		2Q15

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1) (2)
EOP Open Accounts (in millions)	23.2			23.3			23.5			23.8			31.8			34	%	37	%
Purchase Sales (in billions)	$	46.1		$	46.6		$	49.0		$	45.9		$	53.1		16	%	15	%

Average Loans (in billions) (1)	$	63.2		$	63.9		$	64.6		$	64.7		$	66.7		3	%	6	%

EOP Loans (in billions) (1)	$	64.5		$	64.8		$	67.2		$	64.9		$	77.5		19	%	20	%

Average Yield (3)	10.39		%	10.28		%	10.31		%	10.38		%	10.04		%
Net Interest Revenue (4)	$	1,582		$	1,618		$	1,633		$	1,612		$	1,612		—		2	%
As a % of Avg. Loans (4)	10.04		%	10.05		%	10.03		%	10.02		%	9.72		%
Net Credit Losses	$	503		$	443		$	454		$	455		$	467		3	%	(7	)%
As a % of Average Loans	3.19		%	2.75		%	2.79		%	2.83		%	2.82		%
Net Credit Margin (5)	$	1,426		$	1,482		$	1,481		$	1,421		$	1,437		1	%	1	%
As a % of Avg. Loans (5)	9.05		%	9.20		%	9.10		%	8.83		%	8.67		%
Loans 90+ Days Past Due	$	495		$	491		$	538		$	530		$	510		(4	)%	3	%
As a % of EOP Loans	0.77		%	0.76		%	0.80		%	0.82		%	0.66		%
Loans 30-89 Days Past Due	$	462		$	504		$	523		$	492		$	550		12	%	19	%
As a % of EOP Loans	0.72		%	0.78		%	0.78		%	0.76		%	0.71		%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	89.5			89.5			89.9			88.1			88.9			1	%	(1	)%
Purchase Sales (in billions)	$	20.2		$	19.8		$	23.5		$	16.9		$	20.1		19	%	—

Average Loans (in billions) (1)	$	42.6		$	43.1		$	44.1		$	44.0		$	42.7		(3	)%	—

EOP Loans (in billions) (1)	$	43.2		$	43.1		$	46.1		$	42.5		$	43.3		2	%	—

Average Yield (3)	17.00		%	16.94		%	16.49		%	16.92		%	17.01		%
Net Interest Revenue (4)	$	1,843		$	1,925		$	1,939		$	1,899		$	1,843		(3	)%	—
As a % of Avg. Loans (4)	17.35		%	17.72		%	17.44		%	17.36		%	17.36		%
Net Credit Losses	$	457		$	401		$	418		$	453		$	442		(2	)%	(3	)%
As a % of Average Loans	4.30		%	3.69		%	3.76		%	4.14		%	4.16		%
Net Credit Margin (5)	$	1,120		$	1,209		$	1,170		$	1,230		$	1,072		(13	)%	(4	)%
As a % of Avg. Loans (5)	10.55		%	11.13		%	10.53		%	11.24		%	10.10		%
Loans 90+ Days Past Due	$	567		$	621		$	705		$	665		$	619		(7	)%	9	%
As a % of EOP Loans	1.31		%	1.44		%	1.53		%	1.56		%	1.43		%
Loans 30-89 Days Past Due	$	652		$	758		$	773		$	688		$	669		(3	)%	3	%
As a % of EOP Loans	1.51		%	1.76		%	1.68		%	1.62		%	1.55		%

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

(2) On June 17, 2016, Citi completed the acquisition of the $10.6 billion Costco U.S. co-brand credit card portfolio.

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

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

(5) Net credit margin represents 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 11

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LATIN AMERICA - PAGE 1

(In millions of dollars, except as otherwise noted)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)

Net Interest Revenue	$	991		$	959		$	945		$	863		$	871		1	%	(12	)%	$	1,981		$	1,734		(12	)%
Non-Interest Revenue	441			586			416			378			377			—		(15	)%	883			755			(14	)%
Total Revenues, Net of Interest Expense	1,432			1,545			1,361			1,241			1,248			1	%	(13	)%	2,864			2,489			(13	)%
Total Operating Expenses	846			795			824			720			726			1	%	(14	)%	1,643			1,446			(12	)%
Net Credit Losses	316			301			307			278			260			(6	)%	(18	)%	672			538			(20	)%
Credit Reserve Build / (Release)	19			19			3			17			(2		)	NM		NM		11			15			36	%
Provision for Unfunded Lending Commitments	—			1			—			1			1			—		100	%	(3		)	2			NM
Provision for Benefits and Claims	12			17			22			19			12			(37	)%	—		30			31			3	%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	347			338			332			315			271			(14	)%	(22	)%	710			586			(17	)%
Income from Continuing Operations before Taxes	239			412			205			206			251			22	%	5	%	511			457			(11	)%
Income Taxes	49			106			53			50			67			34	%	37	%	101			117			16	%
Income from Continuing Operations	190			306			152			156			184			18	%	(3	)%	410			340			(17	)%
Noncontrolling Interests	2			1			—			1			1			—		(50	)%	2			2			—
Net Income	$	188		$	305		$	152		$	155		$	183		18	%	(3	)%	$	408		$	338		(17	)%
Average Assets (in billions of dollars)	$	55		$	50		$	52		$	50		$	50		—		(9	)%	$	56		$	50		(11	)%
Return on Average Assets (1)	1.37		%	2.42		%	1.16		%	1.25		%	1.47		%					1.47		%	1.36		%
Efficiency Ratio	59		%	51		%	61		%	58		%	58		%					57		%	58		%

Net Credit Losses as a % of Average Loans (1)	4.66		%	4.65		%	4.70		%	4.53		%	4.25		%					4.95		%	4.38		%

Revenue by Business
Retail Banking	$	975		$	1,100		$	934		$	868		$	865		—		(11	)%	$	1,947		$	1,733		(11	)%
Citi-Branded Cards	457			445			427			373			383			3	%	(16	)%	917			756			(18	)%
Total	$	1,432		$	1,545		$	1,361		$	1,241		$	1,248		1	%	(13	)%	$	2,864		$	2,489		(13	)%

Net Credit Losses by Business
Retail Banking	$	142		$	138		$	159		$	134		$	137		2	%	(4	)%	$	292		$	271		(7	)%
Citi-Branded Cards	174			163			148			144			123			(15	)%	(29	)%	380			267			(30	)%
Total	$	316		$	301		$	307		$	278		$	260		(6	)%	(18	)%	$	672		$	538		(20	)%

Income (loss) from Continuing Operations by Business
Retail Banking	$	121		$	228		$	65		$	99		$	107		8	%	(12	)%	$	269		$	206		(23	)%
Citi-Branded Cards	69			78			87			57			77			35	%	12	%	141			134			(5	)%
Total	$	190		$	306		$	152		$	156		$	184		18	%	(3	)%	$	410		$	340		(17	)%

FX Translation Impact:
Total Revenue - as Reported	$	1,432		$	1,545		$	1,361		$	1,241		$	1,248		1	%	(13	)%	$	2,864		$	2,489		(13	)%
Impact of FX Translation (1)	(234		)	(120		)	(96		)	(12		)	—							(453		)	—
Total Revenues - Ex-FX (1)	$	1,198		$	1,425		$	1,265		$	1,229		$	1,248		2	%	4	%	$	2,411		$	2,489		3	%

Total Operating Expenses - as Reported	$	846		$	795		$	824		$	720		$	726		1	%	(14	)%	$	1,643		$	1,446		(12	)%
Impact of FX Translation (1)	(85		)	(47		)	(41		)	(5		)	—							(171		)	—
Total Operating Expenses - Ex-FX (1)	$	761		$	748		$	783		$	715		$	726		2	%	(5	)%	$	1,472		$	1,446		(2	)%

Provisions for LLR & PBC - as Reported	$	347		$	338		$	332		$	315		$	271		(14	)%	(22	)%	$	710		$	586		(17	)%
Impact of FX Translation (1)	(49		)	(27		)	(22		)	(3		)	—							(104		)	—
Provisions for LLR & PBC - Ex-FX (1)	$	298		$	311		$	310		$	312		$	271		(13	)%	(9	)%	$	606		$	586		(3	)%

Net Income - as Reported	$	188		$	305		$	152		$	155		$	183		18	%	(3	)%	$	408		$	338		(17	)%
Impact of FX Translation (1)	(71		)	(34		)	(26		)	(3		)	—							(130		)	—
Net Income - Ex-FX (1)	$	117		$	271		$	126		$	152		$	183		20	%	56	%	$	278		$	338		22	%

(1) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the second quarter of 2016 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 12

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GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 2

																2Q16 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2015			2015			2015			2016			2016			1Q16		2Q15

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

Branches (actual)	1,497			1,495			1,492			1,493			1,491			—		—
Accounts (in millions)	26.5			27.3			27.7			27.9			28.4			2	%	7	%
Average Deposits	$	28.7		$	27.1		$	27.3		$	27.8		$	27.4		(1	)%	(5	)%
Investment Sales	$	6.6		$	6.6		$	6.7		$	5.5		$	5.8		5	%	(12	)%
Investment AUMs	$	43.3		$	41.4		$	46.7		$	38.6		$	32.4		(16	)%	(25	)%
Average Loans	$	21.1		$	20.1		$	20.4		$	19.5		$	19.5		—		(8	)%
EOP Loans:
Real Estate Lending	$	4.5		$	4.1		$	3.9		$	4.6		$	4.2		(9	)%	(7	)%
Commercial Markets	9.1			8.6			9.2			9.1			7.4			(19	)%	(19	)%
Personal and Other	7.5			7.1			7.0			6.4			7.9			23	%	5	%
Total EOP Loans	$	21.1		$	19.8		$	20.1		$	20.1		$	19.5		(3	)%	(8	)%

Net Interest Revenue (in millions) (1)	$	648		$	629		$	635		$	597		$	595		—		(8	)%
As a % of Average Loans (1)	12.32		%	12.42		%	12.35		%	12.31		%	12.27		%
Net Credit Losses (in millions)	$	142		$	138		$	159		$	134		$	137		2	%	(4	)%
As a % of Average Loans	2.70		%	2.72		%	3.09		%	2.76		%	2.83		%
Loans 90+ Days Past Due (in millions)	$	232		$	212		$	185		$	172		$	157		(9	)%	(32	)%
As a % of EOP Loans	1.10		%	1.07		%	0.92		%	0.86		%	0.81		%
Loans 30-89 Days Past Due (in millions)	$	217		$	239		$	184		$	256		$	197		(23	)%	(9	)%
As a % of EOP Loans	1.03		%	1.21		%	0.92		%	1.27		%	1.01		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	5.9			5.7			5.6			5.6			5.7			2	%	(3	)%
Purchase Sales (in billions)	$	4.2		$	4.0		$	4.4		$	3.7		$	3.8		3	%	(10	)%
Average Loans (in billions) (2)	$	6.1		$	5.6		$	5.5		$	5.2		$	5.1		(2	)%	(16	)%
EOP Loans (in billions) (2)	$	5.9		$	5.4		$	5.4		$	5.3		$	5.0		(6	)%	(15	)%
Average Yield (3)	20.63		%	21.19		%	20.73		%	19.77		%	20.24		%

Net Interest Revenue (in millions) (4)	$	343		$	330		$	310		$	266		$	276		4	%	(20	)%
As a % of Average Loans (4)	22.55		%	23.38		%	22.36		%	20.57		%	21.77		%
Net Credit Losses (in millions)	$	174		$	163		$	148		$	144		$	123		(15	)%	(29	)%
As a % of Average Loans	11.44		%	11.55		%	10.68		%	11.14		%	9.70		%
Net Credit Margin (in millions) (5)	$	283		$	282		$	279		$	229		$	260		14	%	(8	)%
As a % of Average Loans (5)	18.61		%	19.98		%	20.13		%	17.71		%	20.50		%
Loans 90+ Days Past Due (in millions)	$	200		$	169		$	173		$	149		$	145		(3	)%	(28	)%
As a % of EOP Loans	3.39		%	3.13		%	3.20		%	2.81		%	2.90		%
Loans 30-89 Days Past Due (in millions)	$	183		$	181		$	157		$	152		$	137		(10	)%	(25	)%
As a % of EOP Loans	3.10		%	3.35		%	2.91		%	2.87		%	2.74		%

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

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

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

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

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

Page 13

CITICORP

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 1

(In millions of dollars, except as otherwise noted)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)

Net Interest Revenue	$	1,154		$	1,105		$	1,096		$	1,101		$	1,116		1	%	(3	)%	$	2,289		$	2,217		(3	)%
Non-Interest Revenue	703			591			548			554			613			11	%	(13	)%	1,378			1,167			(15	)%
Total Revenues, Net of Interest Expense	1,857			1,696			1,644			1,655			1,729			4	%	(7	)%	3,667			3,384			(8	)%
Total Operating Expenses	1,176			1,117			1,117			1,182			1,146			(3	)%	(3	)%	2,343			2,328			(1	)%
Net Credit Losses	189			175			184			160			160			—		(15	)%	362			320			(12	)%
Credit Reserve Build / (Release)	(8		)	(61		)	22			(11		)	(24		)	NM		NM		(50		)	(35		)	30	%
Provision for Unfunded Lending Commitments	(4		)	—			—			—			—			—		100	%	(2		)	—			100	%
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	177			114			206			149			136			(9	)%	(23	)%	310			285			(8	)%
Income from Continuing Operations before Taxes	504			465			321			324			447			38	%	(11	)%	1,014			771			(24	)%
Income Taxes	168			160			104			109			150			38	%	(11	)%	339			259			(24	)%
Income from Continuing Operations	336			305			217			215			297			38	%	(12	)%	675			512			(24	)%
Noncontrolling Interests	3			6			—			1			1			—		(67	)%	(2		)	2			NM
Net Income	$	333		$	299		$	217		$	214		$	296		38	%	(11	)%	$	677		$	510		(25	)%
Average Assets (in billions of dollars)	$	119		$	116		$	117		$	116		$	119		3	%	—		$	117		$	118		1	%
Return on Average Assets	1.12		%	1.02		%	0.74		%	0.74		%	1.00		%					1.17		%	0.87		%
Efficiency Ratio	63		%	66		%	68		%	71		%	66		%					64		%	69		%

Net Credit Losses as a % of Average Loans	0.84		%	0.80		%	0.85		%	0.76		%	0.76		%					0.81		%	0.76		%

Revenue by Business
Retail Banking	$	1,179		$	1,067		$	1,008		$	1,041		$	1,077		3	%	(9	)%	$	2,331		$	2,118		(9	)%
Citi-Branded Cards	678			629			636			614			652			6	%	(4	)%	1,336			1,266			(5	)%
Total	$	1,857		$	1,696		$	1,644		$	1,655		$	1,729		4	%	(7	)%	$	3,667		$	3,384		(8	)%

Net Credit Losses by Business
Retail Banking	$	80		$	75		$	94		$	62		$	61		(2	)%	(24	)%	$	150		$	123		(18	)%
Citi-Branded Cards	109			100			90			98			99			1	%	(9	)%	212			197			(7	)%
Total	$	189		$	175		$	184		$	160		$	160		—		(15	)%	$	362		$	320		(12	)%

Income from Continuing Operations by Business
Retail Banking	$	221		$	185		$	111		$	120		$	204		70	%	(8	)%	$	442		$	324		(27	)%
Citi-Branded Cards	115			120			106			95			93			(2	)%	(19	)%	233			188			(19	)%
Total	$	336		$	305		$	217		$	215		$	297		38	%	(12	)%	$	675		$	512		(24	)%

FX Translation Impact:
Total Revenue - as Reported	$	1,857		$	1,696		$	1,644		$	1,655		$	1,729		4	%	(7	)%	$	3,667		$	3,384		(8	)%
Impact of FX Translation (2)	(65		)	7			14			19			—							(144		)	—
Total Revenues - Ex-FX (2)	$	1,792		$	1,703		$	1,658		$	1,674		$	1,729		3	%	(4	)%	$	3,523		$	3,384		(4	)%

Total Operating Expenses - as Reported	$	1,176		$	1,117		$	1,117		$	1,182		$	1,146		(3	)%	(3	)%	$	2,343		$	2,328		(1	)%
Impact of FX Translation (2)	(50		)	3			8			16			—							(105		)	—
Total Operating Expenses - Ex-FX (2)	$	1,126		$	1,120		$	1,125		$	1,198		$	1,146		(4	)%	2	%	$	2,238		$	2,328		4	%

Provisions for LLR & PBC - as Reported	$	177		$	114		$	206		$	149		$	136		(9	)%	(23	)%	$	310		$	285		(8	)%
Impact of FX Translation (2)	(8		)	2			3			2			—							(17		)	—
Provisions for LLR & PBC - Ex-FX (2)	$	169		$	116		$	209		$	151		$	136		(10	)%	(20	)%	$	293		$	285		(3	)%

Net Income - as Reported	$	333		$	299		$	217		$	214		$	296		38	%	(11	)%	$	677		$	510		(25	)%
Impact of FX Translation (2)	(2		)	1			2			1			—							(5		)	—
Net Income - Ex-FX (2)	$	331		$	300		$	219		$	215		$	296		38	%	(11	)%	$	672		$	510		(24	)%

(1) For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the second quarter of 2016 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 14

CITICORP

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 2

																2Q16 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2015			2015			2015			2016			2016			1Q16		2Q15

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

Branches (actual)	529			521			513			481			461			(4	)%	(13	)%
Accounts (in millions)	17.4			17.7			17.5			17.2			17.1			(1	)%	(2	)%
Average Deposits	$	89.3		$	86.4		$	86.7		$	87.2		$	89.4		3	%	—
Investment Sales	$	13.0		$	8.2		$	6.0		$	6.1		$	7.5		23	%	(42	)%
Investment AUMs	$	60.1		$	55.1		$	57.0		$	56.1		$	56.1		—		(7	)%
Average Loans	$	72.3		$	69.7		$	69.0		$	67.5		$	67.5		—		(7	)%
EOP Loans:
Real Estate Lending	$	36.7		$	34.3		$	34.4		$	34.7		$	33.5		(3	)%	(9	)%
Commercial Markets	16.1			15.3			14.7			14.8			15.1			2	%	(6	)%
Personal and Other	19.6			19.0			19.3			19.2			18.9			(2	)%	(4	)%
Total EOP Loans	$	72.4		$	68.6		$	68.4		$	68.7		$	67.5		(2	)%	(7	)%

Net Interest Revenue (in millions) (2)	$	680		$	659		$	646		$	663		$	664		—		(2	)%
As a % of Average Loans (2)	3.77		%	3.75		%	3.71		%	3.95		%	3.96		%
Net Credit Losses (in millions)	$	80		$	75		$	94		$	62		$	61		(2	)%	(24	)%
As a % of Average Loans	0.44		%	0.43		%	0.54		%	0.37		%	0.36		%
Loans 90+ Days Past Due (in millions)	$	185		$	179		$	173		$	174		$	178		2	%	(4	)%
As a % of EOP Loans	0.26		%	0.26		%	0.25		%	0.25		%	0.26		%
Loans 30-89 Days Past Due (in millions)	$	353		$	327		$	334		$	339		$	346		2	%	(2	)%
As a % of EOP Loans	0.49		%	0.48		%	0.49		%	0.49		%	0.51		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	17.3			17.1			16.9			16.6			16.6			—		(4	)%
Purchase Sales (in billions)	$	19.2		$	18.2		$	19.3		$	18.1		$	18.7		3	%	(3	)%
Average Loans (in billions) (3)	$	18.0		$	17.1		$	17.3		$	17.4		$	17.4		—		(3	)%
EOP Loans (in billions) (3)	$	18.1		$	17.0		$	17.6		$	17.6		$	17.6		—		(3	)%
Average Yield (4)	12.51		%	12.42		%	12.39		%	12.51		%	12.70		%

Net Interest Revenue (in millions) (5)	$	475		$	446		$	450		$	438		$	453		3	%	(5	)%
As a % of Average Loans (6)	10.58		%	10.35		%	10.32		%	10.12		%	10.47		%
Net Credit Losses (in millions)	$	109		$	100		$	90		$	98		$	99		1	%	(9	)%
As a % of Average Loans	2.43		%	2.32		%	2.06		%	2.27		%	2.29		%
Net Credit Margin (in millions) (6)	$	570		$	528		$	546		$	516		$	553		7	%	(3	)%
As a % of Average Loans (6)	12.70		%	12.25		%	12.52		%	11.93		%	12.78		%
Loans 90+ Days Past Due	$	191		$	171		$	180		$	180		$	176		(2	)%	(8	)%
As a % of EOP Loans	1.06		%	1.01		%	1.02		%	1.02		%	1.00		%
Loans 30-89 Days Past Due	$	247		$	220		$	226		$	235		$	227		(3	)%	(8	)%
As a % of EOP Loans	1.36		%	1.29		%	1.28		%	1.34		%	1.29		%

(1) For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

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

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

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

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

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

Reclassified to conform to the current period’s presentation.

Page 15

CITICORP

INSTITUTIONAL CLIENTS GROUP

(In millions of dollars, except as otherwise noted)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)

Commissions and Fees	$	990		$	958		$	926		$	1,003		$	955		(5	)%	(4	)%	1,987			1,958			(1	)%
Administration and Other Fiduciary Fees	663			594			573			597			638			7	%	(4	)%	1,276			1,235			(3	)%
Investment Banking	1,120			828			1,028			740			1,029			39	%	(8	)%	2,254			1,769			(22	)%
Principal Transactions	1,793			1,209			619			1,574			1,911			21	%	7	%	3,990			3,485			(13	)%
Other	193			903			55			(8		)	46			NM		(76	)%	450			38			(92	)%
Total Non-Interest Revenue	4,759			4,492			3,201			3,906			4,579			17	%	(4	)%	9,957			8,485			(15	)%
Net Interest Revenue (including Dividends)	4,187			4,167			4,108			4,130			4,267			3	%	2	%	8,066			8,397			4	%
Total Revenues, Net of Interest Expense	8,946			8,659			7,309			8,036			8,846			10	%	(1	)%	18,023			16,882			(6	)%
Total Operating Expenses	4,842			4,715			4,865			4,869			4,760			(2	)%	(2	)%	9,494			9,629			1	%
Net Credit Losses	82			37			96			211			141			(33	)%	72	%	81			352			NM
Credit Reserve Build / (Release)	(123		)	193			465			108			(26		)	NM		79	%	(4		)	82			NM
Provision for Unfunded Lending Commitments	(46		)	83			89			71			(33		)	NM		28	%	(78		)	38			NM
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims	(87		)	313			650			390			82			(79	)%	NM		(1		)	472			NM
Income from Continuing Operations before Taxes	4,191			3,631			1,794			2,777			4,004			44	%	(4	)%	8,530			6,781			(21	)%
Income Taxes	1,331			1,198			532			818			1,289			58	%	(3	)%	2,696			2,107			(22	)%
Income from Continuing Operations	2,860			2,433			1,262			1,959			2,715			39	%	(5	)%	5,834			4,674			(20	)%
Noncontrolling Interests	15			(6		)	7			10			17			70	%	13	%	50			27			(46	)%
Net Income	$	2,845		$	2,439		$	1,255		$	1,949		$	2,698		38	%	(5	)%	$	5,784		$	4,647		(20	)%
Average Assets (in billions of dollars)	$	1,284		$	1,264		$	1,257		$	1,271		$	1,299		2	%	1	%	$	1,282		$	1,285		—
Return on Average Assets (ROA)	0.89		%	0.77		%	0.40		%	0.62		%	0.84		%					0.91		%	0.73		%
ROA (Excluding CVA/DVA) (1)(2)	0.83		%	0.72		%	0.43		%	0.62		%	0.84		%					0.89		%	0.73		%
Efficiency Ratio	54		%	54		%	67		%	61		%	54		%					53		%	57		%

Revenue by Region - Excluding CVA/DVA (2)
North America	$	3,379		$	3,346		$	2,779		$	3,046		$	3,478		14	%	3	%	$	6,697		$	6,524		(3	)%
EMEA	2,435			2,253			2,132			2,207			2,615			18	%	7	%	5,441			4,822			(11	)%
Latin America	1,011			1,062			970			975			1,033			6	%	2	%	2,011			2,008			—
Asia	1,818			1,777			1,614			1,808			1,720			(5	)%	(5	)%	3,640			3,528			(3	)%
Total	$	8,643		$	8,438		$	7,495		$	8,036		$	8,846		10	%	2	%	$	17,789		$	16,882		(5	)%
CVA/DVA for Periods Prior to 1Q16 {excluded as applicable in lines above}	303			221			(186		)	—			—			—		(100	)%	234			—			(100	)%
Total Revenues, net of Interest Expense	$	8,946		$	8,659		$	7,309		$	8,036		$	8,846		10	%	(1	)%	$	18,023		$	16,882		(6	)%

Income from Continuing Operations by Region - Excluding CVA/DVA (2)
North America	$	989	$	931	$	517		$	584	$	1,059	81	%	7	%	$	1,969	$	1,643	(17	)%
EMEA	613		408		231			399		720		80	%	17	%	1,616		1,119		(31	)%
Latin America	420		397		190			337		396		18	%	(6	)%	801		733		(8	)%
Asia	648		554		441			639		540		(15	)%	(17	)%	1,302		1,179		(9	)%
Total	$	2,670	$	2,290	$	1,379		$	1,959	$	2,715	39	%	2	%	$	5,688	$	4,674	(18	)%
CVA/DVA (after-tax) for Periods Prior to 1Q16 {excluded as applicable in lines above}	190		143		(117		)	—		—		—		(100	)%	146		—		(100	)%
Income from Continuing Operations	$	2,860	$	2,433	$	1,262		$	1,959	$	2,715	39	%	(5	)%	$	5,834	$	4,674	(20	)%

Average Loans by Region (in billions)
North America	$	121	$	126	128			$	129	$	133	3	%	10	%	$	118	$	130	10	%
EMEA	63		63		62			63		67		6	%	6	%	62		65		5	%
Latin America	41		40		43			43		42		(2	)%	2	%	41		43		5	%
Asia	63		62		61			60		61		2	%	(3	)%	63		61		(3	)%
Total	$	288	$	291	$	294		$	295	$	303	3	%	5	%	$	284	$	299	5	%

EOP Deposits by Region (in billions)
North America	$	197	$	200	$	199		$	199	$	205	3	%	4	%
EMEA	177		173		171			181		179		(1	)%	1	%
Latin America	64		63		64			68		64		(6	)%	—
Asia	150		159		154			159		159		—		6	%
Total	$	588	$	595	$	588		$	607	$	607	—		3	%

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	397	$	399	$	392		$	415	$	405	(2	)%	2	%
All Other ICG Businesses	191		196		196			192		202		5	%	6	%
Total	$	588	$	595	$	588		$	607	$	607	—		3	%

(1) For all periods prior to the first quarter of 2016, ROA excluding CVA/DVA is defined as annualized net income (less CVA/DVA), divided by average assets. See above for after-tax CVA/DVA for each period presented.

(2) See footnote 2 on page 4.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 16

CITICORP

INSTITUTIONAL CLIENTS GROUP

REVENUES BY BUSINESS

(In millions of dollars, except as otherwise noted)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)

Revenue Details - Excluding CVA/DVA:
Investment Banking:
Advisory	$	257		$	239		$	302		$	227		$	238		5	%	(7	)%	$	552		$	465		(16	)%
Equity Underwriting	296			173			206			118			174			47	%	(41	)%	527			292			(45	)%
Debt Underwriting	737			532			623			530			805			52	%	9	%	1,413			1,335			(6	)%
Total Investment Banking	1,290			944			1,131			875			1,217			39	%	(6	)%	2,492			2,092			(16	)%
Treasury and Trade Solutions	1,955			1,933			1,992			1,951			2,048			5	%	5	%	3,845			3,999			4	%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	476			433			432			455			389			(15	)%	(18	)%	952			844			(11	)%
Private Bank	747			715			691			746			738			(1	)%	(1	)%	1,456			1,484			2	%
Total Banking Revenues (Ex-CVA/DVA and Gain/(Loss) on Loan Hedges) (1) (2)	$	4,468		$	4,025		$	4,246		$	4,027		$	4,392		9	%	(2	)%	$	8,745		$	8,419		(4	)%

Corporate Lending — Gain/(Loss) on Loan Hedges (2)	(66		)	352			(14		)	(66		)	(203		)	NM		NM		(14		)	(269		)	NM
Total Banking Revenues (Ex-CVA/DVA) and including G(L) on Loan Hedges (1)	$	4,402		$	4,377		$	4,232		$	3,961		$	4,189		6	%	(5	)%	$	8,731		$	8,150		(7	)%

Fixed Income Markets	3,047			2,566			2,221			3,085			3,468			12	%	14	%	6,531			6,553			—
Equity Markets	649			1,002			603			706			788			12	%	21	%	1,516			1,494			(1	)%
Securities Services	570			513			517			562			531			(6	)%	(7	)%	1,113			1,093			(2	)%
Other	(25		)	(20		)	(78		)	(278		)	(130		)	53	%	NM		(102		)	(408		)	NM
Total Markets and Securities Services (Ex-CVA/DVA) (1)	$	4,241		$	4,061		$	3,263		$	4,075		$	4,657		14	%	10	%	$	9,058		$	8,732		(4	)%

Total ICG (Ex-CVA/DVA) (1)	$	8,643		$	8,438		$	7,495		$	8,036		$	8,846		10	%	2	%	$	17,789		$	16,882		(5	)%

CVA/DVA for Periods Prior to 1Q16 {excluded as applicable in lines above}	303			221			(186		)	—			—			—		(100	)%	234			—			(100	)%
Total Revenues, net of Interest Expense	$	8,946		$	8,659		$	7,309		$	8,036		$	8,846		10	%	(1	)%	$	18,023		$	16,882		(6	)%

Taxable-equivalent adjustments (3)	$	161		$	162		$	173		$	166		$	144		(13	)%	(11	)%	$	325		$	310		(5	)%

Total ICG Revenues (Ex-CVA/DVA) and including Taxable-equivalent adjustments (1) (3)	$	8,804		$	8,600		$	7,668		$	8,202		$	8,990		10	%	2	%	$	18,114		$	17,192		(5	)%

(1) See footnote 2 on page 4.

(2) 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 is netted against the core 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.

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 17

CORPORATE / OTHER (1)

(In millions of dollars, except as otherwise noted)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)

Net Interest Revenue	$	(22	)	$	(64	)	$	(39	)	$	94		$	56		(40	)%	NM		$	(49	)	$	150		NM
Non-Interest Revenue	393			282			146			180			70			(61	)%	(82	)%	632			250			(60	)%
Total Revenues, Net of Interest Expense	371			218			107			274			126			(54	)%	(66	)%	583			400			(31	)%
Total Operating Expenses	386			349			473			418			447			7	%	16	%	928			865			(7	)%
Net Credit Losses	—			—			—			—			—			—		—		—			—			—
Credit Reserve Build / (Release)	—			—			—			—			—			—		—		—			—			—
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provision for Unfunded Lending Commitments	—			—			—			—			—			—		—		—			—			—
Provisions for Loan Losses and for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Income from Continuing Operations before Taxes	(15		)	(131		)	(366		)	(144		)	(321		)	NM		NM		(345		)	(465		)	(35	)%
Income Taxes	(246		)	(314		)	(467		)	(115		)	(232		)	NM		6	%	(557		)	(347		)	38	%
Income from Continuing Operations	231			183			101			(29		)	(89		)	NM		NM		212			(118		)	NM
Income (Loss) from Discontinued Operations, net of taxes	6			(10		)	(45		)	(2		)	(23		)	NM		NM		1			(25		)	NM
Noncontrolling Interests	(2		)	3			7			(8		)	3			NM		NM		8			(5		)	NM
Net Income (Loss)	$	239		$	170		$	49		$	(23	)	$	(115	)	NM		NM		$	205		$	(138	)	NM
EOP Assets (in billions of dollars)	$	52		$	52		$	52		$	51		$	49		(4	)%	(6	)%
Average Assets (in billions of dollars)	$	49		$	59		$	51		$	51		$	49		(4	)%	—		$	55		$	50		(9	)%

(1) Includes certain costs of global staff functions, other corporate expenses and certain global operations and technology expenses, Corporate Treasury, and Discontinued operations.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 18

CITI HOLDINGS

INCOME STATEMENT AND BALANCE SHEET DATA

(In millions of dollars, except as otherwise noted)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)

Revenues
Net interest revenue	$	1,200		$	1,151		$	847		$	597		$	549		(8	)%	(54	)%	$	2,459		$	1,146		(53	)%
Non-interest revenue (1)	769			530			2,318			878			294			(67	)%	(62	)%	1,655			1,172			(29	)%
Total revenues, net of interest expense	1,969			1,681			3,165			1,475			843			(43	)%	(57	)%	4,114			2,318			(44	)%

Provisions for Credit Losses and for Benefits and Claims
Net Credit Losses	334			272			261			143			102			(29	)%	(69	)%	803			245			(69	)%
Credit Reserve Build / (Release) (1) (2)	(185		)	(171		)	73			(31		)	(224		)	NM		(21	)%	(357		)	(255		)	29	%
Provision for loan losses	149			101			334			112			(122		)	NM		NM		446			(10		)	NM
Provision for Benefits and Claims	160			161			134			60			29			(52	)%	(82	)%	329			89			(73	)%
Provision for unfunded lending commitments	2			(19		)	(1		)	(2		)	(5		)	NM		NM		(3		)	(7		)	NM
Total provisions for credit losses and for benefits and claims	311			243			467			170			(98		)	NM		NM		772			72			(91	)%

Total operating expenses	1,362			1,374			1,450			828			858			4	%	(37	)%	2,747			1,686			(39	)%

Income (Loss) from Continuing Operations before Income Taxes	296			64			1,248			477			83			(83	)%	(72	)%	595			560			(6	)%
Provision (benefits) for income taxes	140			65			568			130			(15		)	NM		NM		289			115			(60	)%

Income (Loss) from Continuing Operations	156			(1		)	680			347			98			(72	)%	(37	)%	306			445			45	%

Noncontrolling Interests	—			—			10			1			5			NM		NM		1			6			NM
Citi Holding’s Net Income (Loss)	$	156		$	(1	)	$	670		$	346		$	93		(73	)%	(40	)%	$	305		$	439		44	%
Average Assets (in billions of dollars)	$	126		$	120		$	97		$	78		$	71		(9	)%	(44	)%	$	130		$	75		(42	)%
Return on Average Assets	0.50		%	0.00		%	2.74		%	1.78		%	0.53		%					0.47		%	1.18		%
Efficiency Ratio	69		%	82		%	46		%	56		%	102		%					67		%	73		%

Balance Sheet Data (in billions):

Total EOP Assets	$	124		$	117		$	81		$	73		$	66		(10	)%	(47	)%	$	124		$	66		(47	)%

Total EOP Loans	$	64		$	60		$	49		$	45		$	41		(9	)%	(35	)%	$	64		$	41		(35	)%

Total EOP Deposits	$	12		$	11		$	10		$	9		$	6		(30	)%	(45	)%	$	12		$	6		(45	)%

Consumer Net Credit Losses as a % of Average Loans	1.90		%	1.67		%	1.81		%	1.25		%	0.94		%					2.15		%	1.10		%

(1) As a result of Citigroup’s entry into an agreement in March 2015 to sell OneMain Financial (OneMain), OneMain was classified as held-for-sale (HFS) at the end of the first quarter 2015. As a result of HFS accounting treatment, approximately $160 million, $116 million and $74 million of cost of credit was recorded as a reduction in revenue (Other revenue) during the second, third and fourth quarters of 2015, respectively. The OneMain sale was completed on November 15, 2015.

(2) The fourth quarter of 2015 includes a build of $162 million related to the transfer of approximately $8 billion of mortgage loans to Loans Held-for-sale at the end of the quarter. The second quarter of 2016, includes an $89 million release related to sales and transfers of mortgage loans during the quarter.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 19

CITI HOLDINGS

CONSUMER KEY INDICATORS - Page 1

(In millions of dollars, except as otherwise noted)

																2Q16 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2015			2015			2015			2016			2016			1Q16		2Q15

CITI HOLDINGS KEY INDICATORS:

Consumer - International (1) (2)

Branches (actual)	301			304			293			246			223			(9	)%	(26	)%

Average Loans (in billions)	$	9.9		$	8.8		$	8.3		$	6.7		$	6.1		(9	)%	(38	)%

EOP Loans:
Real Estate Lending	$	1.1		$	1.0		$	0.6		$	0.5		$	0.5		—		(55	)%
Cards	4.1			3.8			3.6			2.8			2.6			(7	)%	(37	)%
Commercial Markets	2.4			2.1			2.0			1.0			0.5			(50	)%	(79	)%
Personal and Other	1.8			1.8			2.0			2.1			1.9			(10	)%	6	%
EOP Loans (in billions of dollars)	$	9.4		$	8.7		$	8.2		$	6.4		$	5.5		(14	)%	(41	)%
Net Interest Revenue	$	415		$	389		$	336		$	269		$	259		(4	)%	(38	)%
As a % of Average Loans	16.21		%	17.54		%	16.06		%	16.15		%	17.08		%
Net Credit Losses	$	116		$	93		$	122		$	78		$	77		(1	)%	(34	)%
As a % of Average Loans	4.70		%	4.19		%	5.83		%	4.68		%	5.08		%
Loans 90+ Days Past Due	$	185		$	174		$	157		$	145		$	170		17	%	(8	)%
As a % of EOP Loans	1.97		%	2.00		%	1.91		%	2.27		%	3.09		%
Loans 30-89 Days Past Due	$	213		$	193		$	179		$	161		$	138		(14	)%	(35	)%
As a % of EOP Loans	2.27		%	2.22		%	2.18		%	2.52		%	2.51		%

Consumer - North America (3)

Branches (actual)	273			272			272			266			261			(2	)%	(4	)%

Average Loans (in billions of dollars)	$	55.5		$	52.7		$	49.4		$	39.4		$	37.2		(6	)%	(33	)%

EOP Loans (in billions of dollars)	$	54.2		$	50.7		$	40.5		$	38.6		$	35.7		(8	)%	(34	)%
Net Interest Revenue	$	775		$	766		$	522		$	335		$	295		(12	)%	(62	)%
As a % of Average Loans	1.99		%	2.00		%	1.90		%	3.42		%	3.19		%
Net Credit Losses	$	193		$	166		$	141		$	65		$	24		(63	)%	(88	)%
As a % of Average Loans	1.39		%	1.25		%	1.13		%	0.66		%	0.26		%
Loans 90+ Days Past Due (4)	$	1,462		$	1,354		$	770		$	751		$	708		(6	)%	(52	)%
As a % of EOP Loans	2.84		%	2.81		%	2.01		%	2.05		%	2.09		%
Loans 30-89 Days Past Due (4)	$	1,153		$	1,230		$	857		$	768		$	720		(6	)%	(38	)%
As a % of EOP Loans	2.24		%	2.56		%	2.24		%	2.09		%	2.12		%

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

(2) The second quarter of 2015 reflects the transfers of loans and branches to held-for-sale (HFS) as a result of the agreement in December 2014 to sell the Japan retail banking business (Japan Retail). The second quarter of 2015 reflects the transfers of loans to HFS as a result of the agreement in March 2015 to sell the Japan cards business (Japan Cards). The second, third and fourth quarters of 2015 reflect the HFS reclassification of interest revenue on loans to other interest earning assets. The Japan Cards sale was completed on December 14, 2015.

(3) The second and third quarters of 2015 reflect the transfers of loans and branches to HFS resulting from the agreement to sell OneMain. As a result of HFS accounting treatment, approximately $160 million, $131 million and $73 million of net credit losses (NCLs) were recorded as a reduction of revenue (Other revenue) during the second, third and fourth quarters of 2015, respectively. The second, third and fourth quarters of 2015 reflect the HFS reclassification of interest revenue on loans to other interest earning assets.

(4) See footnote 2 on page 21.

Reclassified to conform to the current period’s presentation.

Page 20

CITI HOLDINGS

CONSUMER KEY INDICATORS - Page 2

(In millions of dollars, except as otherwise noted)

																2Q16 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2015			2015			2015			2016			2016			1Q16		2Q15

CITI HOLDINGS KEY INDICATORS:

North America Mortgages

CMI (CitiMortgage)	$	22.4		$	21.4		$	20.1		$	17.9		$	16.4		(8	)%	(27	)%
CFNA (CitiFinancial - North America)	6.8			6.4			5.6			0.2			0.1			(50	)%	(99	)%
Residential First	29.2			27.8			25.7			18.1			16.5			(9	)%	(43	)%
Home Equity	23.3			22.0			21.0			18.6			18.0			(3	)%	(23	)%
Average Loans (in billions of dollars)	$	52.5		$	49.8		$	46.7		$	36.7		$	34.5		(6	)%	(34	)%

CMI	$	22.1		$	20.6		$	18.5		$	17.4		$	15.6		(10	)%	(29	)%
CFNA	6.5			5.8			0.2			0.2			0.2			—		(97	)%
Residential First	28.6			26.4			18.7			17.6			15.8			(10	)%	(45	)%
Home Equity	22.7			21.5			19.1			18.3			17.3			(5	)%	(24	)%
EOP Loans (in billions of dollars) (1)	$	51.3		$	47.9		$	37.8		$	35.9		$	33.1		(8	)%	(35	)%

Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	39.2		$	36.4		$	34.0		$	29.3		$	28.5		(3	)%	(27	)%
Net Servicing & Gain/(Loss) on Sale	$	61.3		$	49.6		$	5.0		$	118.4		$	19.4		(84	)%	(68	)%
Net Interest Revenue	$	290		$	274		$	239		$	254		$	223		(12	)%	(23	)%
As a % of Avg. Loans	2.22		%	2.18		%	2.03		%	2.78		%	2.60		%

CMI (2)	$	21		$	9		$	9		$	—		$	(13	)	NM		NM
CFNA	80			75			56			1			1			—		(99	)%
Residential First	$	101		$	84		$	65		$	1		$	(12	)	NM		NM
Home Equity	70			61			56			42			13			(69	)%	(81	)%
Net Credit Losses (NCLs)	$	171		$	145		$	121		$	43		$	1		(98	)%	(99	)%
As a % of Avg. Loans	1.31		%	1.16		%	1.03		%	0.47		%	0.01		%

CMI	$	510		$	489		$	319		$	310		$	263		(15	)%	(48	)%
CFNA	463			392			4			4			4			—		(99	)%
Residential First	973			881			323			314			267			(15	)%	(73	)%
Home Equity	458			441			417			409			414			1	%	(10	)%
Loans 90+ Days Past Due (1) (3) (4)	$	1,431		$	1,322		$	740		$	723		$	681		(6	)%	(52	)%
As a % of EOP Loans	2.94		%	2.92		%	2.08		%	2.13		%	2.18		%

CMI	$	609		$	666		$	537		$	451		$	431		(4	)%	(29	)%
CFNA	221			205			2			3			2			(33	)%	(99	)%
Residential First	830			871			539			454			433			(5	)%	(48	)%
Home Equity	275			311			271			274			241			(12	)%	(12	)%
Loans 30-89 Days Past Due (1) (3) (4)	$	1,105		$	1,182		$	810		$	728		$	674		(7	)%	(39	)%
As a % of EOP Loans	2.27		%	2.61		%	2.28		%	2.14		%	2.15		%

North America Personal Loans (5)
Average Loans (in billions of dollars)	$	0.8		$	0.8		$	0.8		$	0.9		$	0.9		—		13	%
EOP Loans (in billions of dollars)	$	0.9		$	0.9		$	0.9		$	0.9		$	0.9		—		—
Net Interest Revenue	$	507		$	505		$	279		$	63		$	63		—		(88	)%
As a % of Avg. Loans	N/A			N/A			N/A			N/A			N/A
Net Credit Losses	$	17		$	15		$	14		$	18		$	19		6	%	12	%
As a % of Avg. Loans	8.52		%	7.44		%	6.94		%	8.04		%	8.49		%
Loans 90+ Days Past Due	$	20		$	19		$	18		$	19		$	19		—		(5	)%
As a % of EOP Loans	2.22		%	2.11		%	2.00		%	2.11		%	2.11		%
Loans 30-89 Days Past Due	$	17		$	15		$	14		$	15		$	21		40	%	24	%
As a % of EOP Loans	1.89		%	1.67		%	1.56		%	1.67		%	2.33		%

(1) The fourth quarter of 2015 reflects the transfer of approximately $8 billion of mortgage loans to Loans, held-for-sale (HFS) (included within Other assets).

Delinquencies and related ratios are not included for Loans HFS.

(2) The second quarter of 2016 includes a $23 million recovery of prior credit losses related to sales of mortgage assets during the quarter.

(3) 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 $1.7 billion and ($2.7 billion), $1.7 billion and ($2.6 billion), $1.5 billion and ($2.2 billion), $1.3 billion and ($1.9 billion), and $1.2 billion and ($1.8 billion), as of June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.3 billion and ($2.7 billion), $0.3 billion and ($2.6 billion), $0.2 billion and ($2.2 billion), $0.2 billion and ($1.9 billion), and $0.2 billion and ($1.8 billion), as of June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016, respectively.

(4) The June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $12 million, $12 million, $11 million, $9 million and $9 million, respectively, of loans that are carried at fair value.

(5) See footnote 3 on page 20.

NM Not meaningful.

N/A Not applicable for the second, third and fourth quarters of 2015 as a result of the loans related to the announced sale of OneMain being reclassified from loans to assets held-for-sale (Other assets).

Reclassified to conform to the current period’s presentation.

Page 21

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	2015		2016		2016		2015		2016		2016		2015		2016		2016
Assets:
Deposits with Banks	$	134,641	$	117,765	$	135,245	$	168	$	219	$	237	0.50	%	0.75	%	0.70	%
Fed Funds Sold and Resale Agreements (6)	236,035		228,615		232,529		664		647		664		1.13	%	1.14	%	1.15	%
Trading Account Assets (7)	229,587		204,100		209,677		1,656		1,471		1,573		2.89	%	2.90	%	3.02	%
Investments	333,031		352,143		351,524		1,832		1,923		1,998		2.21	%	2.20	%	2.29	%
Total Loans (net of Unearned Income) (8)	627,026		612,240		620,648		10,013		9,774		9,765		6.41	%	6.42	%	6.33	%
Other Interest-Earning Assets	62,656		47,765		45,639		662		252		235		4.24	%	2.13	%	2.07	%
Total Average Interest-Earning Assets	$	1,622,976	$	1,562,628	$	1,595,262	$	14,995	$	14,286	$	14,472	3.71	%	3.68	%	3.65	%

Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	700,978	$	701,703	$	721,895	$	999	$	969	$	1,039	0.57	%	0.56	%	0.58	%
Deposit Insurance and FDIC Assessment	—		—		—		289		235		267
Total Deposits	700,978		701,703		721,895		1,288		1,204		1,306		0.74	%	0.69	%	0.73	%
Fed Funds Purchased and Repurchase Agreements (6)	183,292		162,915		161,202		443		502		527		0.97	%	1.24	%	1.31	%
Trading Account Liabilities (7)	72,980		65,312		73,380		54		88		96		0.30	%	0.54	%	0.53	%
Short-Term Borrowings	114,279		79,476		65,078		157		100		109		0.55	%	0.51	%	0.67	%
Long-Term Debt (9)	187,910		179,283		182,220		1,109		1,046		1,083		2.37	%	2.35	%	2.39	%
Total Average Interest-Bearing Liabilities	$	1,259,439	$	1,188,689	$	1,203,775	$	3,051	$	2,940	$	3,121	0.97	%	1.00	%	1.04	%
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment)	$	1,259,439	$	1,188,689	$	1,203,775	$	2,762	$	2,705	$	2,854	0.88	%	0.92	%	0.95	%

Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,944	$	11,346	$	11,351	2.95	%	2.92	%	2.86	%

NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	12,233	$	11,581	$	11,618	3.02	%	2.98	%	2.93	%

2Q16 Increase (Decrease) From													(9	)bps	(6	)bps

2Q16 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													(9	)bps	(5	)bps

(1) Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 35%) of $121 million for the second quarter of 2015, $119 million for the first quarter of 2015 and $117 million for the second quarter of 2016.

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

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

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

(5) Preliminary.

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

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

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

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

Reclassified to conform to the current period’s presentation.

Page 22

DEPOSITS

(In billions of dollars)

														2Q16 Increase/
	2Q			3Q			4Q		1Q			2Q		(Decrease) from
	2015			2015			2015		2016			2016		1Q16		2Q15

Citicorp Deposits by Business

Global Consumer Banking
North America	$	182.5		$	180.0		$	181.6	$	183.7		$	183.3	—		—
Latin America	29.1			26.2			28.7		28.3			28.2		—		(3	)%
Asia (1)	89.4			87.0			87.6		90.7			90.5		—		1	%
Total	$	301.0		$	293.2		$	297.9	$	302.7		$	302.0	—		—

ICG
North America	$	197.5		$	200.0		$	198.5	$	198.7		$	205.2	3	%	4	%
EMEA	177.2			173.3			170.6		181.3			178.6		(1	)%	1	%
Latin America	63.9			62.6			64.3		68.1			64.4		(5	)%	1	%
Asia	149.7			159.2			154.3		159.0			158.6		—		6	%
Total	$	588.3		$	595.1		$	587.7	$	607.1		$	606.8	—		3	%

Corporate/Other	$	7.0		$	5.3		$	12.0	$	15.6		$	22.7	46	%	NM

Total Citicorp	$	896.3		$	893.6		$	897.6	$	925.4		$	931.5	1	%	4	%

Total Citi Holdings	$	11.7		$	10.6		$	10.3	$	9.2		$	6.4	(30	)%	(45	)%

Total Citigroup Deposits - EOP	$	908.0		$	904.2		$	907.9	$	934.6		$	937.9	—		3	%

Total Citigroup Deposits - Average	$	906.4		$	903.1		$	908.8	$	911.7		$	935.6	3	%	3	%

Foreign Currency (FX) Translation Impact:
Total Citigroup EOP Deposits - as Reported	$	908.0		$	904.2		$	907.9	$	934.6		$	937.9	—		3	%
Impact of FX Translation (2)	(17.4		)	(3.5		)	0.3		(5.4		)	—
Total Citigroup EOP Deposits - Ex-FX (2)	$	890.6		$	900.7		$	908.2	$	929.2		$	937.9	1	%	5	%

(1) For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2) Reflects the impact of FX translation into U.S. Dollars at the second quarter of 2016 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 23

EOP LOANS (1) - Page 1

CITICORP

(In billions of dollars)

															2Q16 Increase/
	2Q			3Q			4Q			1Q			2Q		(Decrease) from
	2015			2015			2015			2016			2016		1Q16		2Q15

Citicorp:
Global Consumer Banking

North America
Credit Cards	$	107.7		$	107.9		$	113.3		$	107.4		$	120.8	12	%	12	%
Retail Banking	49.2			51.0			52.2			53.5			54.8		2	%	11	%
Total	$	156.9		$	158.9		$	165.5		$	160.9		$	175.6	9	%	12	%

Latin America
Credit Cards	$	5.9		$	5.4		$	5.4		$	5.3		$	5.0	(6	)%	(15	)%
Retail Banking	21.1			19.8			20.1			20.1			19.5		(3	)%	(8	)%
Total	$	27.0		$	25.2		$	25.5		$	25.4		$	24.5	(4	)%	(9	)%

Asia (1)
Credit Cards	$	18.1		$	17.0		$	17.6		$	17.6		$	17.6	—		(3	)%
Retail Banking	72.4			68.6			68.4			68.7			67.5		(2	)%	(7	)%
Total	$	90.5		$	85.6		$	86.0		$	86.3		$	85.1	(1	)%	(6	)%

Total Consumer Loans
Credit Cards	$	131.7		$	130.3		$	136.3		$	130.3		$	143.4	10	%	9	%
Retail Banking	142.7			139.4			140.7			142.3			141.8		—		(1	)%
Total Consumer	$	274.4		$	269.7		$	277.0		$	272.6		$	285.2	5	%	4	%

Total Corporate Loans
North America	$	125.9		$	127.8		$	126.8		$	131.9		$	134.9	2	%	7	%
EMEA	63.8			63.0			60.4			64.7			68.7		6	%	8	%
Latin America	41.1			41.4			43.6			42.5			42.2		(1	)%	3	%
Asia	62.8			60.8			60.8			61.7			61.1		(1	)%	(3	)%
Total Corporate Loans	$	293.6		$	293.0		$	291.6		$	300.8		$	306.9	2	%	5	%

Total Citicorp	$	568.0		$	562.7		$	568.6		$	573.4		$	592.1	3	%	4	%

Foreign Currency (FX) Translation Impact:
Total Citicorp EOP Loans - as Reported	$	568.0		$	562.7		$	568.6		$	573.4		$	592.1	3	%	4	%
Impact of FX Translation (2)	(11.2		)	(2.0		)	(0.8		)	(3.9		)	—
Total Citicorp EOP Loans - Ex-FX (2)	$	556.8		$	560.7		$	567.8		$	569.5		$	592.1	4	%	6	%

Note: Certain small balance consumer loans included in the above lines are classified as Corporate Loans on the Consolidated Balance Sheet.

(1) For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

(2) Reflects the impact of FX translation into U.S. Dollars at the second quarter of 2016 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 24

EOP LOANS - Page 2

CITI HOLDINGS AND TOTAL CITIGROUP

(In billions of dollars)

															2Q16 Increase/
	2Q			3Q			4Q			1Q			2Q		(Decrease) from
	2015			2015			2015			2016			2016		1Q16		2Q15

Citi Holdings:

Consumer - North America
Mortgages (1)	51.3			47.9			37.8			35.9			33.1		(8	)%	(35	)%
Personal Loans	0.9			0.9			0.9			0.9			0.9		—		—
Other	2.0			1.9			1.8			1.8			1.7		(6	)%	(15	)%
Total	$	54.2		$	50.7		$	40.5		$	38.6		$	35.7	(8	)%	(34	)%

Consumer - International
Credit Cards	$	4.1		$	3.8		$	3.6		$	2.8		$	2.6	(7	)%	(37	)%
REL, Personal & Other	5.3			4.9			4.6			3.6			2.9		(19	)%	(45	)%
Total	$	9.4		$	8.7		$	8.2		$	6.4		$	5.5	(14	)%	(41	)%

Citi Holdings - Other	0.5			0.3			0.3			0.4			0.2		(50	)%	(60	)%

Total Citi Holdings	$	64.1		$	59.7		$	49.0		$	45.4		$	41.4	(9	)%	(35	)%

Total Citigroup	$	632.1		$	622.4		$	617.6		$	618.8		$	633.5	2	%	—

Consumer Loans	$	338.2		$	329.2		$	325.8		$	317.9		$	326.4	3	%	(3	)%
Corporate Loans	293.9			293.2			291.8			300.9			307.1		2	%	4	%
Total Citigroup	$	632.1		$	622.4		$	617.6		$	618.8		$	633.5	2	%	—

Foreign Currency (FX) Translation Impact:
Total Citigroup EOP Loans - as Reported	$	632.1		$	622.4		$	617.6		$	618.8		$	633.5	2	%	—
Impact of FX Translation (2)	(11.5		)	(1.3		)	(0.1		)	(3.7		)	—
Total Citigroup EOP Loans - Ex-FX (2)	$	620.6		$	621.1		$	617.5		$	615.1		$	633.5	3	%	2	%

Note: Certain small balance consumer loans included in the above lines are classified as Corporate Loans on the Consolidated Balance Sheet.

(1) See footnote 1 on page 21.

(2) Reflects the impact of FX translation into U.S. Dollars at the second quarter of 2016 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 25

SUPPLEMENTAL DETAIL
CONSUMER LOANS 90+ DAYS DELINQUENCY AMOUNTS AND RATIOS
BUSINESS VIEW
(In millions of dollars, except EOP loan amounts in billions of dollars)

	Loans 90+ Days Past Due (1)															EOP Loans
	2Q			3Q			4Q			1Q			2Q			2Q
	2015			2015			2015			2016			2016			2016

Citicorp (2)
Total	$	2,020		$	1,981		$	2,119		$	2,022		$	1,965		$	285.2
*Ratio*	0.74		%	0.74		%	0.77		%	0.74		%	0.69		%

Retail Bank (2)
Total	$	567		$	529		$	523		$	498		$	515		$	141.8
Ratio	0.40		%	0.38		%	0.37		%	0.35		%	0.37		%
North America (2)	$	150		$	138		$	165		$	152		$	180		$	54.8
Ratio	0.31		%	0.28		%	0.32		%	0.29		%	0.33		%
Latin America	$	232		$	212		$	185		$	172		$	157		$	19.5
Ratio	1.10		%	1.07		%	0.92		%	0.86		%	0.81		%
Asia (3)	$	185		$	179		$	173		$	174		$	178		$	67.5
Ratio	0.26		%	0.26		%	0.25		%	0.25		%	0.26		%

Cards
Total	$	1,453		$	1,452		$	1,596		$	1,524		$	1,450		$	143.4
Ratio	1.10		%	1.11		%	1.17		%	1.17		%	1.01		%
North America - Citi-Branded	$	495		$	491		$	538		$	530		$	510		$	77.5
Ratio	0.77		%	0.76		%	0.80		%	0.82		%	0.66		%
North America - Retail Services	$	567		$	621		$	705		$	665		$	619		$	43.3
Ratio	1.31		%	1.44		%	1.53		%	1.56		%	1.43		%
Latin America	$	200		$	169		$	173		$	149		$	145		$	5.0
Ratio	3.39		%	3.13		%	3.20		%	2.81		%	2.90		%
Asia (3)	$	191		$	171		$	180		$	180		$	176		$	17.6
Ratio	1.06		%	1.01		%	1.02		%	1.02		%	1.00		%

Citi Holdings - Consumer (2) (4) (5)	$	1,647		$	1,528		$	927		$	896		$	878		$	41.2
*Ratio*	2.70		%	2.69		%	1.99		%	2.08		%	2.23		%
International	$	185		$	174		$	157		$	145		$	170		$	5.5
Ratio	1.97		%	2.00		%	1.91		%	2.27		%	3.09		%
North America (2) (4) (5)	$	1,462		$	1,354		$	770		$	751		$	708		$	35.7
Ratio	2.84		%	2.81		%	2.01		%	2.05		%	2.09		%
Other (6)																$	—

Total Citigroup (2) (4) (5)	$	3,667		$	3,509		$	3,046		$	2,918		$	2,843		$	326.4
Ratio	1.10		%	1.08		%	0.94		%	0.93		%	0.88		%

(1)	The ratio of 90+ Days Past Due is calculated based on end-of-period loans, net of unearned income.
(2)	The 90+ Days Past Due and related ratios for North America Consumer Banking and Citi Holdings North America Mortgages excludes 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 10 and footnote 3 on page 21.
(3)	For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.
(4)	The June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $12 million, $12 million, $11 million, $9 million and $9 million, respectively, of loans that are carried at fair value.
(5)	See footnote 1 on page 21.
(6)	Represents loans classified as consumer loans on the Consolidated Balance Sheet that are not included in the Citi Holdings Consumer credit metrics.

Reclassified to conform to the current period’s presentation.

Page 26

SUPPLEMENTAL DETAIL
CONSUMER LOANS 30-89 DAYS DELINQUENCY AMOUNTS AND RATIOS
BUSINESS VIEW
(In millions of dollars, except EOP loan amounts in billions of dollars)

	Loans 30-89 Days Past Due (1)															EOP Loans
	2Q			3Q			4Q			1Q			2Q			2Q
	2015			2015			2015			2016			2016			2016

Citicorp (2)
Total	$	2,290		$	2,427		$	2,418		$	2,360		$	2,318		$	285.2
*Ratio*	0.84		%	0.90		%	0.88		%	0.87		%	0.82		%

Retail Bank (2)
Total	$	746		$	764		$	739		$	793		$	735		$	141.8
Ratio	0.53		%	0.55		%	0.53		%	0.56		%	0.52		%
North America (2)	$	176		$	198		$	221		$	198		$	192		$	54.8
Ratio	0.36		%	0.40		%	0.43		%	0.38		%	0.36		%
Latin America	$	217		$	239		$	184		$	256		$	197		$	19.5
Ratio	1.03		%	1.21		%	0.92		%	1.27		%	1.01		%
Asia (3)	$	353		$	327		$	334		$	339		$	346		$	67.5
Ratio	0.49		%	0.48		%	0.49		%	0.49		%	0.51		%

Cards
Total	$	1,544		$	1,663		$	1,679		$	1,567		$	1,583		$	143.4
Ratio	1.17		%	1.28		%	1.23		%	1.20		%	1.10		%
North America - Citi-Branded	$	462		$	504		$	523		$	492		$	550		$	77.5
Ratio	0.72		%	0.78		%	0.78		%	0.76		%	0.71		%
North America - Retail Services	$	652		$	758		$	773		$	688		$	669		$	43.3
Ratio	1.51		%	1.76		%	1.68		%	1.62		%	1.55		%
Latin America	$	183		$	181		$	157		$	152		$	137		$	5.0
Ratio	3.10		%	3.35		%	2.91		%	2.87		%	2.74		%
Asia (3)	$	247		$	220		$	226		$	235		$	227		$	17.6
Ratio	1.36		%	1.29		%	1.28		%	1.34		%	1.29		%

Citi Holdings - Consumer (2) (4) (5)	$	1,366		$	1,423		$	1,036		$	929		$	858		$	41.2
*Ratio*	2.24		%	2.51		%	2.23		%	2.16		%	2.18		%
International	$	213		$	193		$	179		$	161		$	138		$	5.5
Ratio	2.27		%	2.22		%	2.18		%	2.52		%	2.51		%
North America (2) (4) (5)	$	1,153		$	1,230		$	857		$	768		$	720		$	35.7
Ratio	2.24		%	2.56		%	2.24		%	2.09		%	2.12		%
Other (6)																$	—

Total Citigroup (2) (4) (5)	$	3,656		$	3,850		$	3,454		$	3,289		$	3,176		$	326.4
Ratio	1.09		%	1.18		%	1.07		%	1.05		%	0.98		%

(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 Consumer Banking and North America Local Consumer Lending excludes 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 10 and footnote 3 on page 21.
(3)	For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.
(4)	The June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016 Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude $12 million, $12 million, $11 million, $9 million and $9 million, respectively, of loans that are carried at fair value.
(5)	See footnote 1 on page 21.
(6)	Represents loans classified as consumer loans on the Consolidated Balance Sheet that are not included in the Citi Holdings Consumer credit metrics.

Reclassified to conform to the current period’s presentation.

Page 27

ALLOWANCE FOR CREDIT LOSSES - PAGE 1
TOTAL CITIGROUP
(In millions of dollars)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)

Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	14,598		$	14,075		$	13,626		$	12,626		$	12,712						$	15,994		$	12,626

Gross Credit (Losses)	(2,335		)	(2,068		)	(2,180		)	(2,143		)	(2,048		)	4	%	12	%	(4,793		)	(4,191		)	13	%
Gross Recoveries	415			405			418			419			432			3	%	4	%	916			851			(7	)%
Net Credit (Losses) / Recoveries (NCLs)	(1,920		)	(1,663		)	(1,762		)	(1,724		)	(1,616		)	6	%	16	%	(3,877		)	(3,340		)	14	%
NCLs	1,920			1,663			1,762			1,724			1,616			(6	)%	(16	)%	3,877			3,340			(14	)%
Net Reserve Builds / (Releases) (2)	(199		)	43			386			42			(90		)	NM		55	%	(290		)	(48		)	83	%
Net Specific Reserve Builds / (Releases) (2)	(206		)	(124		)	108			120			(136		)	NM		34	%	(317		)	(16		)	95	%
Provision for Loan Losses	1,515			1,582			2,256			1,886			1,390			(26	)%	(8	)%	3,270			3,276			—
Other (3) (4) (5) (6) (7) (8) (9)	(118		)	(368		)	(1,494		)	(76		)	(182		)	NM		(54	)%	(1,312		)	(258		)
Allowance for Loan Losses at End of Period (1) (a)	$	14,075		$	13,626		$	12,626		$	12,712		$	12,304						$	14,075		$	12,304

Allowance for Unfunded Lending Commitments (7) (10) (a)	$	973		$	1,036		$	1,402		$	1,473		$	1,432						$	973		$	1,432

Provision for Unfunded Lending Commitments (7)	$	(48	)	$	65		$	94		$	71		$	(30	)					$	(85	)	$	41

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	15,048		$	14,662		$	14,028		$	14,185		$	13,736						$	15,048		$	13,736

Total Allowance for Loan Losses as a Percentage of Total Loans (11)	2.25		%	2.21		%	2.06		%	2.07		%	1.96		%

Allowance for Loan Losses at End of Period (1):
Citicorp	$	10,368		$	10,213		$	10,331		$	10,544		$	10,433
Citi Holdings	3,707			3,413			2,295			2,168			1,871
Total Citigroup	$	14,075		$	13,626		$	12,626		$	12,712		$	12,304

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

(2)	The fourth quarter of 2015 includes a build of $162 million related to the transfer of approximately $8 billion of mortgage loans to Loans Held-for-sale at the end of the quarter. The second quarter of 2016, includes an $89 million release related to sales and transfers of mortgage loans during the quarter.

(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)	The second quarter of 2015 includes a reduction of approximately $88 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $34 million related to a transfer of a real estate loan portfolio to HFS. Additionally, the second quarter includes a reduction of approximately $39 million related to FX translation.

(5)	The third quarter of 2015 includes a reduction of approximately $110 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $14 million related to a transfer of a real estate loan portfolio to HFS. Additionally, the third quarter includes a reduction of approximately $255 million related to FX translation.

(6)	The fourth quarter of 2015 includes a reduction of approximately $1.1 billion related to the sale or transfers to HFS of various loan portfolios, including a reduction of $1.1 billion related to the transfers of a real estate loan portfolio to HFS. Additionally, the fourth quarter includes a reduction of approximately $35 million related to FX translation.

(7)	The fourth quarter of 2015 includes a reclassification of $271 million of Allowance for Loan Losses to Allowance for Unfunded Lending Commitments, included in the Other line item. This reclassification reflects the re-attribution of $271 million in Allowances for Credit Losses between the funded and unfunded portions of the corporate credit portfolios and does not reflect a change in the underlying credit performance of these portfolios. The $94 million ($87 million corporate, $7 million consumer) Provision for unfunded lending commitments during the 2015 fourth quarter represents the allowance change during the quarter due to portfolio and economic changes in the unfunded portfolio during the quarter.

(8)	The first quarter of 2016 includes a reduction of approximately $148 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $29 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the first quarter includes an increase of approximately $63 million related to FX translation.

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

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

(11)	June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016, exclude $6.5 billion, $5.5 billion, $5.0 billion, $5.7 billion and 4.1 billion, respectively, of loans which are carried at fair value.

	NM Not meaningful.
	Reclassified to conform to the current period’s presentation.

Page 28

ALLOWANCE FOR CREDIT LOSSES - PAGE 2
TOTAL CITIGROUP
(In millions of dollars)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)

Total Citigroup Consumer Loans
Allowance for Loan Losses at Beginning of Period (1)	$	12,052		$	11,669		$	11,030		$	9,835		$	9,807						$	13,547		$	9,835

Net Credit Losses (NCLs)	(1,813		)	(1,613		)	(1,668		)	(1,513		)	(1,474		)	3	%	19	%	(3,777		)	(2,987		)	21	%
NCLs	1,813			1,613			1,668			1,513			1,474			(3	)%	(19	)%	3,777			2,987			(21	)%
Net Reserve Builds / (Releases) (2)	(167		)	(73		)	32			38			(74		)	NM		56	%	(370		)	(36		)	90	%
Net Specific Reserve Builds / (Releases) (2)	(87		)	(202		)	(16		)	19			(125		)	NM		(44	)%	(201		)	(106		)	47	%
Provision for Loan Losses	1,559			1,338			1,684			1,570			1,275			(19	)%	(18	)%	3,206			2,845			(11	)%
Other (3) (4) (5) (6) (7) (8)	(129		)	(364		)	(1,211		)	(85		)	(176		)	NM		(36	)%	(1,307		)	(261		)	80	%
Allowance for Loan Losses at End of Period (1) (a)	$	11,669		$	11,030		$	9,835		$	9,807		$	9,432						$	11,669		$	9,432

Consumer Allowance for Unfunded Lending Commitments (9) (a)	$	29		$	28		$	35		$	37		$	42						$	29		$	42

Provision for Unfunded Lending Commitments	$	(1	)	$	(1	)	$	7		$	1		$	4						$	(4	)	$	5

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	11,698		$	11,058		$	9,870		$	9,844		$	9,474						$	11,698		$	9,474

Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (10)	3.45		%	3.35		%	3.02		%	3.09		%	2.89		%

Total Citigroup Corporate Loans
Allowance for Loan Losses at Beginning of Period (1)	$	2,546		$	2,406		$	2,596		$	2,791		$	2,905						$	2,447		$	2,791

Net Credit (Losses) / Recoveries (NCL’s)	(107		)	(50		)	(94		)	(211		)	(142		)	33	%	(33	)%	(100		)	(353		)	NM
NCLs	107			50			94			211			142			(33	)%	33	%	100			353			NM
Net Reserve Builds / (Releases)	(32		)	116			354			4			(16		)	NM		50	%	80			(12		)	NM
Net Specific Reserve Builds / (Releases)	(119		)	78			124			101			(11		)	NM		91	%	(116		)	90			NM
Provision for Loan Losses	(44		)	244			572			316			115			(64	)%	NM		64			431			NM
Other (3) (11)	11			(4		)	(283		)	9			(6		)					(5		)	3
Allowance for Loan Losses at End of Period (1) (b)	$	2,406		$	2,596		$	2,791		$	2,905		$	2,872						$	2,406		$	2,872

Corporate Allowance for Unfunded Lending Commitments (9) (11)(b)	$	944		$	1,008		$	1,367		$	1,436		$	1,390						$	944		$	1,390

Provision for Unfunded Lending Commitments (11)	$	(47	)	$	66		$	87		$	70		$	(34	)					$	(81	)	$	36

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	3,350		$	3,604		$	4,158		$	4,341		$	4,262						$	3,350		$	4,262

Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (12)	0.84		%	0.90		%	0.97		%	0.98		%	0.95		%

Footnotes to these tables are on the following page (page 30).

Page 29

ALLOWANCE FOR CREDIT LOSSES - PAGE 3
TOTAL CITIGROUP

The following footnotes relate to the tables on the prior page (page 29).

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

(2)	The fourth quarter of 2015 includes a build of $162 million related to the transfer of approximately $8 billion of mortgage loans to Loans Held-for-sale at the end of the quarter. The second quarter of 2016, includes an $89 million release related to sales and transfers of mortgage loans during the quarter.

(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)	The second quarter of 2015 includes a reduction of approximately $88 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $34 million related to a transfer of a real estate loan portfolio to HFS. Additionally, the second quarter includes a reduction of approximately $39 million related to FX translation.

(5)	The third quarter of 2015 includes a reduction of approximately $110 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $14 million related to a transfer of a real estate loan portfolio to HFS. Additionally, the third quarter includes a reduction of approximately $255 million related to FX translation.

(6)	The fourth quarter of 2015 includes a reduction of approximately $1.1 billion related to the sale or transfers to HFS of various loan portfolios, including a reduction of $1.1 billion related to the transfers of a real estate loan portfolio to HFS. Additionally, the fourth quarter includes a reduction of approximately $35 million related to FX translation.

(7)	The first quarter of 2016 includes a reduction of approximately $148 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $29 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the first quarter includes an increase of approximately $63 million related to FX translation.

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

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

(10)	June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016 exclude $39 million, $37 million, $34 million, $33 million and $32 million, respectively, of loans which are carried at fair value.

(11)	The fourth quarter of 2015 includes a reclassification of $271 million of Allowance for Loan Losses to Allowance for Unfunded Lending Commitments, included in the Other line item. This reclassification reflects the re-attribution of $271 million in Allowances for Credit Losses between the funded and unfunded portions of the corporate credit portfolios and does not reflect a change in the underlying credit performance of these portfolios. The $94 million ($87 million corporate, $7 million consumer) Provision for unfunded lending commitments during the 2015 fourth quarter represents the allowance change during the quarter due to portfolio and economic changes in the unfunded portfolio during the quarter.

(12)	June 30, 2015, September 30, 2015, December 31, 2015, March 31, 2016 and June 30, 2016 exclude $6.5 billion, $5.5 billion, $5.0 billion, $5.7 billion and $4.1 billion, respectively, of loans which are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 30

COMPONENTS OF PROVISION FOR LOAN LOSSES - PAGE 1

CITICORP

(In millions of dollars)

																2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015			2016			2016			1Q16		2Q15		2015			2016			(Decrease)

Citicorp
Net Credit Losses	$	1,586		$	1,391		$	1,501		$	1,581		$	1,514		(4	)%	(5	)%	$	3,074		$	3,095		1	%
Credit Reserve Build / (Release)	(220		)	90			421			193			(2		)	NM		99	%	(250		)	191			NM
Global Consumer Banking
Net Credit Losses	1,504			1,354			1,405			1,370			1,373			—		(9	)%	2,993			2,743			(8	)%
Credit Reserve Build / (Release)	(97		)	(103		)	(44		)	85			24			(72	)%	NM		(246		)	109			NM
North America
Net Credit Losses	999			878			914			932			953			2	%	(5	)%	1,959			1,885			(4	)%
Credit Reserve Build / (Release)	(108		)	(61		)	(69		)	79			50			(37	)%	NM		(207		)	129			NM
Retail Banking
Net Credit Losses	39			34			42			24			44			83	%	13	%	74			68			(8	)%
Credit Reserve Build / (Release)	(5		)	32			7			63			(11		)	NM		NM		14			52			NM
Citi-Branded Cards
Net Credit Losses	503			443			454			455			467			3	%	(7	)%	995			922			(7	)%
Credit Reserve Build / (Release)	(74		)	(105		)	(85		)	(15		)	58			NM		NM		(193		)	43			NM
Citi Retail Services
Net Credit Losses	457			401			418			453			442			(2	)%	(3	)%	890			895			1	%
Credit Reserve Build / (Release)	(29		)	12			9			31			3			(90	)%	NM		(28		)	34			NM
Latin America
Net Credit Losses	316			301			307			278			260			(6	)%	(18	)%	672			538			(20	)%
Credit Reserve Build / (Release)	19			19			3			17			(2		)	NM		NM		11			15			36	%
Retail Banking
Net Credit Losses	142			138			159			134			137			2	%	(4	)%	292			271			(7	)%
Credit Reserve Build / (Release)	17			13			12			16			(3		)	NM		NM		17			13			(24	)%
Citi-Branded Cards
Net Credit Losses	174			163			148			144			123			(15	)%	(29	)%	380			267			(30	)%
Credit Reserve Build / (Release)	2			6			(9		)	1			1			—		(50	)%	(6		)	2			NM
Asia (1)
Net Credit Losses	189			175			184			160			160			—		(15	)%	362			320			(12	)%
Credit Reserve Build / (Release)	(8		)	(61		)	22			(11		)	(24		)	NM		NM		(50		)	(35		)	30	%
Retail Banking
Net Credit Losses	80			75			94			62			61			(2	)%	(24	)%	150			123			(18	)%
Credit Reserve Build / (Release)	(3		)	(34		)	26			3			(21		)	NM		NM		(24		)	(18		)	25	%
Citi-Branded Cards
Net Credit Losses	109			100			90			98			99			1	%	(9	)%	212			197			(7	)%
Credit Reserve Build / (Release)	(5		)	(27		)	(4		)	(14		)	(3		)	79	%	40	%	(26		)	(17		)	35	%

Institutional Clients Group (ICG)
Net Credit Losses	82			37			96			211			141			(33	)%	72	%	81			352			NM
Credit Reserve Build / (Release)	(123		)	193			465			108			(26		)	NM		79	%	(4		)	82			NM

Corporate / Other
Net Credit Losses	—			—			—			—			—			—		—		—			—			—
Credit Reserve Build / (Release)	—			—			—			—			—			—		—		—			—			—

Total Citicorp Provision for Loan Losses	$	1,366		$	1,481		$	1,922		$	1,774		$	1,512		(15	)%	11	%	$	2,824		$	3,286		16	%

(1) For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 31

COMPONENTS OF PROVISION FOR LOAN LOSSES - PAGE 2

CITI HOLDINGS / TOTAL CITIGROUP

(In millions of dollars)

															2Q16 Increase/				Six			Six			YTD 2016 vs.
	2Q			3Q			4Q		1Q			2Q			(Decrease) from				Months			Months			YTD 2015 Increase/
	2015			2015			2015		2016			2016			1Q16		2Q15		2015			2016			(Decrease)
Citi Holdings
Net Credit Losses (1)	$	334		$	272		$	261	$	143		$	102		(29	)%	(69	)%	$	803		$	245		(69	)%
Credit Reserve Build / (Release)	(185		)	(171		)	73		(31		)	(224		)	NM		(21	)%	(357		)	(255		)	29	%

Total Citi Holdings Provision for Loan Losses	$	149		$	101		$	334	$	112		$	(122	)	NM		NM		$	446		$	(10	)	NM

Total Citicorp Provision for Loan Losses (from prior page)	$	1,366		$	1,481		$	1,922	$	1,774		$	1,512		(15	)%	11	%	$	2,824		$	3,286		16	%

Total Citigroup Provision for Loan Losses	$	1,515		$	1,582		$	2,256	$	1,886		$	1,390		(26	)%	(8	)%	$	3,270		$	3,276		—

(1)	See footnote 1 on page 19.

NM Not Meaningful.

Reclassified to conform to the current period’s presentation.

Page 32

NON-ACCRUAL ASSETS - PAGE 1

TOTAL CITIGROUP

(In millions of dollars)

																2Q16 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2015			2015			2015			2016			2016			1Q16		2Q15
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	467		$	833		$	818		$	1,331		$	1,280		(4	)%	NM
EMEA	385			386			347			469			762			62	%	98	%
Latin America	226			230			303			410			267			(35	)%	18	%
Asia	145			129			128			117			151			29	%	4	%
Total	$	1,223		$	1,578		$	1,596		$	2,327		$	2,460		6	%	NM

Consumer Non-Accrual Loans By Region (2) (3) (4)
North America	$	3,928		$	3,622		$	2,515		$	2,519		$	2,520		—		(36	)%
Latin America	1,032			935			874			817			884			8	%	(14	)%
Asia (5)	301			272			269			265			301			14	%	—
Total	$	5,261		$	4,829		$	3,658		$	3,601		$	3,705		3	%	(30	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

ICG	$	23		$	35		$	32		$	29		$	13		(55	)%	(43	)%
Global Consumer Banking	55			44			34			41			38			(7	)%	(31	)%
Citi Holdings	161			144			139			131			121			(8	)%	(25	)%
Corporate/Other	7			4			4			4			3			(25	)%	(57	)%

TOTAL OTHER REAL ESTATE OWNED (OREO) (6)	$	246		$	227		$	209		$	205		$	175		(15	)%	(29	)%

OREO By Region:
North America	$	190		$	177		$	166		$	159		$	151		(5	)%	(21	)%
EMEA	1			1			1			1			—			(100	)%	(100	)%
Latin America	50			44			38			35			19			(46	)%	(62	)%
Asia	5			5			4			10			5			(50	)%	—
Total	$	246		$	227		$	209		$	205		$	175		(15	)%	(29	)%

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

Non-Accrual Assets (NAA) (7)
Corporate Non-Accrual Loans	$	1,223		$	1,578		$	1,596		$	2,327		$	2,460		6	%	NM
Consumer Non-Accrual Loans	5,261			4,829			3,658			3,601			3,705			3	%	(30	)%
Non-Accrual Loans (NAL)	6,484			6,407			5,254			5,928			6,165			4	%	(5	)%
OREO	246			227			209			205			175			(15	)%	(29	)%
Other Repossessed Assets	—			—			—			—			—			—		—
Non-Accrual Assets (NAA)	$	6,730		$	6,634		$	5,463		$	6,133		$	6,340		3	%	(6	)%

NAL as a % of Total Loans	1.03		%	1.03		%	0.85		%	0.96		%	0.97		%
NAA as a % of Total Assets	0.37		%	0.37		%	0.32		%	0.34		%	0.35		%

Allowance for Loan Losses as a % of NAL	217		%	213		%	240		%	214		%	200		%

(1)	Corporate loans are placed on non-accrual status based upon a review by Citigroup’s risk officers. Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for Consumer loans: Consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due; residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency. As such, the non-accrual loan disclosures do not include credit card loans.
(2)	The first, second and third quarters of 2015 reflect the transfers of non accrual loans to HFS resulting from the agreements to sell OneMain, Japan Retail and Japan Cards.
(3)	Excludes SOP 03-3 purchased distressed loans.
(4)	The fourth quarter of 2015 decline includes the impact related to the transfer of approximately $8 billion of mortgage loans to Loans, held-for-sale (HFS) (included within Other assets on the GAAP balance sheet).
(5)	For reporting purposes, Asia GCB includes the results of operations of EMEA GCB for all periods presented.
(6)	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.
(7)	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 33

NON-ACCRUAL ASSETS - PAGE 2

CITICORP

(In millions of dollars)

																2Q16 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2015			2015			2015			2016			2016			1Q16		2Q15

Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	455		$	819		$	804		$	1,317		$	1,266		(4	)%	NM
EMEA	344			350			309			432			726			68	%	NM
Latin America	225			229			302			409			267			(35	)%	19	%
Asia	144			127			128			117			151			29	%	5	%
Total	$	1,168		$	1,525		$	1,543		$	2,275		$	2,410		6	%	NM

Consumer Non-Accrual Loans By Region (2) (3)
North America	$	374		$	363		$	456		$	516		$	671		30	%	79	%
Latin America	873			790			740			673			729			8	%	(16	)%
Asia (4)	269			243			252			254			291			15	%	8	%
Total	$	1,516		$	1,396		$	1,448		$	1,443		$	1,691		17	%	12	%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

ICG	$	23		$	35		$	32		$	29		$	13		(55	)%	(43	)%
Global Consumer Banking	55			44			34			41			38			(7	)%	(31	)%
Corporate/Other	7			4			4			4			3			(25	)%	(57	)%

TOTAL OTHER REAL ESTATE OWNED (OREO) (5)	$	85		$	83		$	70		$	74		$	54		(27	)%	(36	)%

OREO By Region:
North America	$	35		$	38		$	31		$	31		$	31		—		(11	)%
EMEA	1			1			1			1			—			(100	)%	(100	)%
Latin America	44			39			34			32			18			(44	)%	(59	)%
Asia	5			5			4			10			5			(50	)%	—
Total	$	85		$	83		$	70		$	74		$	54		(27	)%	(36	)%

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

Non-Accrual Assets (NAA) (6)
Corporate Non-Accrual Loans	$	1,168		$	1,525		$	1,543		$	2,275		$	2,410		6	%	NM
Consumer Non-Accrual Loans	1,516			1,396			1,448			1,443			1,691			17	%	12	%
Non-Accrual Loans (NAL)	2,684			2,921			2,991			3,718			4,101			10	%	53	%
OREO	85			83			70			74			54			(27	)%	(36	)%
Other Repossessed Assets	—			—			—			—			—
Non-Accrual Assets (NAA)	$	2,769		$	3,004		$	3,061		$	3,792		$	4,155		10	%	50	%

NAA as a % of Total Assets	0.16		%	0.18		%	0.19		%	0.22		%	0.24		%

Allowance for Loan Losses as a % of NAL	386		%	350		%	345		%	284		%	254		%

See footnotes (1) - (6) on page 33.

Reclassified to conform to the current period’s presentation.

Page 34

NON-ACCRUAL ASSETS - PAGE 3

CITI HOLDINGS

(In millions of dollars)

																2Q16 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2015			2015			2015			2016			2016			1Q16		2Q15

Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region (2)
North America	$	12		$	14		$	14		$	14		$	14		—		17	%
EMEA	41			36			38			37			36			(3	)%	(12	)%
Latin America	1			1			1			1			—			(100	)%	(100	)%
Asia	1			2			—			—			—			—		(100	)%
Total	$	55		$	53		$	53		$	52		$	50		(4	)%	(9	)%

Consumer Non-Accrual Loans By Region (2) (3) (4)
North America	$	3,554		$	3,259		$	2,059		$	2,003		$	1,849		(8	)%	(48	)%
Latin America	159			145			134			144			155			8	%	(3	)%
Asia (5)	32			29			17			11			10			(9	)%	(69	)%
Total	$	3,745		$	3,433		$	2,210		$	2,158		$	2,014		(7	)%	(46	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

OREO By Region (6):
North America	$	155		$	139		$	135		$	128		$	120		(6	)%	(23	)%
EMEA	—			—			—			—			—			—		—
Latin America	6			5			4			3			1			(67	)%	(83	)%
Asia	—			—			—			—			—			—		—
Total	$	161		$	144		$	139		$	131		$	121		(8	)%	(25	)%

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

Non-Accrual Assets (NAA) (7)
Corporate Non-Accrual Loans	$	55		$	53		$	53		$	52		$	50		(4	)%	(9	)%
Consumer Non-Accrual Loans	3,745			3,433			2,210			2,158			2,014			(7	)%	(46	)%
Non-Accrual Loans (NAL)	3,800			3,486			2,263			2,210			2,064			(7	)%	(46	)%
OREO	161			144			139			131			121			(8	)%	(25	)%
Other Repossessed Assets	—			—			—			—			—
Non-Accrual Assets (NAA)	$	3,961		$	3,630		$	2,402		$	2,341		$	2,185		(7	)%	(45	)%

NAA as a % of Total Assets	3.19		%	3.10		%	2.97		%	3.21		%	3.31		%

Allowance for Loan Losses as a % of NAL	98		%	98		%	101		%	98		%	91		%

See footnotes (1) - (7) on page 33.

Reclassified to conform to the current period’s presentation.

Page 35

CITIGROUP

REGULATORY CAPITAL RATIOS AND TCE & TBV RECONCILIATION

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

	June 30,			September 30,			December 31,			March 31,			June 30,
	2015			2015			2015			2016			2016(1)

Common Equity Tier 1 Capital Ratio and Components

Citigroup Common Stockholders’ Equity(2)	$	205,610		$	205,772		$	205,286		$	209,947		$	212,819
Add: Qualifying noncontrolling interests	146			147			145			143			134
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(3)	(731		)	(542		)	(617		)	(300		)	(149		)
Cumulative unrealized net gain related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(4)	474			717			441			562			574
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(5)	22,312			21,732			21,980			21,935			21,825
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	4,153			3,911			3,586			3,332			5,358
Defined benefit pension plan net assets	815			904			794			870			964
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	23,760			23,295			23,659			23,414			22,942
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(6)	9,538			9,451			8,723			7,254			6,873
Common Equity Tier 1 Capital (CET1)	$	145,435		$	146,451		$	146,865		$	153,023		$	154,566
Risk-Weighted Assets (RWA)	$	1,278,593		$	1,254,473		$	1,216,277		$	1,239,575		$	1,231,658
Common Equity Tier 1 Capital Ratio (CET1/RWA)	11.37		%	11.67		%	12.07		%	12.34		%	12.5		%

Supplementary Leverage Ratio

Common Equity Tier 1 Capital (CET1)	$	145,435		$	146,451		$	146,865		$	153,023		$	154,566
Additional Tier 1 Capital (AT1)(7)	14,956			15,548			17,171			18,119			19,475
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	160,391		$	161,999		$	164,036		$	171,142		$	174,041
Total Leverage Exposure (TLE)	$	2,386,189		$	2,363,506		$	2,317,849		$	2,300,427		$	2,328,601
Supplementary Leverage Ratio (T1C/TLE)	6.72		%	6.85		%	7.08		%	7.44		%	7.5		%

Tangible Common Equity and Tangible Book Value Per Share

Common Equity	$	205,472		$	205,630		$	205,139		$	209,769		$	212,635
Less:
Goodwill	23,012			22,444			22,349			22,575			22,496
Intangible assets (other than MSRs)	4,071			3,880			3,721			3,493			5,521
Goodwill and Intangible assets (other than MSRs) related to assets held-for-sale	274			345			68			30			30
Tangible Common Equity (TCE)	$	178,115		$	178,961		$	179,001		$	183,671		$	184,588
Common Shares Outstanding (CSO)	3,009.8			2,979.0			2,953.3			2,934.9			2,905.4
Tangible Book Value Per Share (TCE/CSO)	$	59.18		$	60.07		$	60.61		$	62.58		$	63.53

(1)	Preliminary.
(2)	Excludes issuance costs related to outstanding preferred stock in accordance with Federal Reserve Board regulatory reporting requirements.
(3)	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.
(4)	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.
(5)	Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.
(6)	Assets subject to 10%/15% limitations include MSRs, DTAs arising from temporary differences and significant common stock investments in unconsolidated financial institutions. For all periods presented, the deduction related only to DTAs arising from temporary differences that exceeded the 10% limitation.
(7)	Additional Tier 1 Capital primarily includes qualifying noncumulative perpetual preferred stock and qualifying trust preferred securities.

Reclassified to conform to the current period’s presentation.

Page 36

CITIGROUP INC - FORM 8-K - EX-99.2 - July 15, 2016

Attached files