CITIGROUP INC - FORM 8-K - EX-99.2

Attached files

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EX-99.1 - EX-99.1 - CITIGROUP INC	a18-17159_1ex99d1.htm
8-K - 8-K - CITIGROUP INC	a18-17159_18k.htm

Exhibit 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

2Q18

	Page
Citigroup Consolidated
Financial Summary	1
Consolidated Statement of Income	2
Consolidated Balance Sheet	3
Segment Detail
Net Revenues	4
Income & Regional Average Assets and ROA	5

Global Consumer Banking (GCB)	6
Retail Banking and Cards Key Indicators	7
North America	8 - 10
Latin America(1)	11 - 12
Asia(2)	13 - 14
Institutional Clients Group (ICG)	15
Revenues by Business	16

Corporate / Other	17
Consumer Key Indicators	18

Citigroup Supplemental Detail
Average Balances and Interest Rates	19
Deposits	20
Loans	21
Consumer Loan Delinquency Amounts and Ratios
90+ Days	22
30-89 Days	23
Allowance for Credit Losses	24 - 25
Components of Provision for Loan Losses	26
Non-Accrual Assets	27

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

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

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

CITIGROUP — FINANCIAL SUMMARY

(In millions of dollars, except per share amounts, and as otherwise noted)

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

Total Revenues, Net of Interest Expense	$	18,155		$	18,419		$	17,504		$	18,872		$	18,469		(2	)%	2	%	$	36,521		$	37,341		2	%
Total Operating Expenses	10,760			10,417			10,332			10,925			10,712			(2	)%	—		21,483			21,637			1	%
Net Credit Losses (NCLs)	1,710			1,777			1,880			1,867			1,704			(9	)%	—		3,419			3,571			4	%
Credit Reserve Build / (Release)	(44		)	369			136			(64		)	91			NM		NM		(78		)	27			NM
Provision / (Release) for Unfunded Lending Commitments	28			(175		)	29			28			(4		)	NM		NM		(15		)	24			NM
Provision for Benefits and Claims	23			28			28			26			21			(19	)%	(9	)%	53			47			(11	)%
Provisions for Credit Losses and for Benefits and Claims	$	1,717		$	1,999		$	2,073		$	1,857		$	1,812		(2	)%	6	%	$	3,379		$	3,669		9	%
Income from Continuing Operations before Income Taxes	$	5,678		$	6,003		$	5,099		$	6,090		$	5,945		(2	)%	5	%	$	11,659		$	12,035		3	%
Income Taxes (Benefits)	1,795			1,866			23,864			1,441			1,444			—		(20	)%	3,658			2,885			(21	)%
Income (Loss) from Continuing Operations	$	3,883		$	4,137		$	(18,765	)	$	4,649		$	4,501		(3	)%	16	%	$	8,001		$	9,150		14	%
Income (Loss) from Discontinued Operations, net of Taxes	21			(5		)	(109		)	(7		)	15			NM		(29	)%	3			8			NM
Net Income (Loss) before Noncontrolling Interests	$	3,904		$	4,132		$	(18,874	)	$	4,642		$	4,516		(3	)%	16	%	$	8,004		$	9,158		14	%
Net Income Attributable to Noncontrolling Interests	32			(1		)	19			22			26			18	%	(19	)%	42			48			14	%
Citigroup’s Net Income (Loss)	$	3,872		$	4,133		$	(18,893	)	$	4,620		$	4,490		(3	)%	16	%	$	7,962		$	9,110		14	%

Diluted Earnings Per Share:
Income (Loss) from Continuing Operations	$	1.27		$	1.42		$	(7.33	)	$	1.68		$	1.62		(4	)%	28	%	$	2.63		$	3.30		25	%
Citigroup’s Net Income (Loss)	$	1.28		$	1.42		$	(7.38	)	$	1.68		$	1.63		(3	)%	27	%	$	2.63		$	3.31		26	%
Shares (in millions):
Average Basic	2,739.1			2,683.6			2,606.2			2,561.6			2,530.9			(1	)%	(8	)%	2,752.2			2,546.2			(7	)%
Average Diluted	2,739.2			2,683.7			2,606.2			2,563.0			2,532.3			(1	)%	(8	)%	2,752.3			2,547.6			(7	)%
Common Shares Outstanding, at period end	2,724.6			2,644.0			2,569.9			2,549.9			2,516.6			(1	)%	(8	)%

Preferred Dividends	$	320		$	272		$	320		$	272		$	318		17	%	(1	)%	$	621		$	590		(5	)%

Income Allocated to Unrestricted Common Shareholders - Basic
Income (Loss) from Continuing Operations	$	3,483		$	3,813		$	(19,116	)	$	4,304		$	4,108		(5	)%	18	%	$	7,235		$	8,412		16	%
Citigroup’s Net Income (Loss)	$	3,504		$	3,808		$	(19,225	)	$	4,297		$	4,123		(4	)%	18	%	$	7,238		$	8,430		16	%

Income Allocated to Unrestricted Common Shareholders - Diluted
Income (Loss) from Continuing Operations	$	3,483		$	3,813		$	(19,116	)	$	4,304		$	4,108		(5	)%	18	%	$	7,235		$	8,412		16	%
Citigroup’s Net Income (Loss)	$	3,504		$	3,808		$	(19,225	)	$	4,297		$	4,123		(4	)%	18	%	$	7,238		$	8,430		16	%

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 (CET1) Capital Ratio (2) (3)	13.06		%	12.98		%	12.36		%	12.05		%	12.1		%
Tier 1 Capital Ratio(2) (3)	14.74		%	14.61		%	14.06		%	13.67		%	13.8		%
Total Capital Ratio(2) (3)	16.93		%	16.95		%	16.30		%	16.01		%	16.3		%
Supplementary Leverage Ratio(3) (4)	7.24		%	7.11		%	6.68		%	6.71		%	6.6		%
Return on Average Assets	0.83		%	0.87		%	(3.93		)%	0.98		%	0.94		%					0.87		%	0.96		%
Return on Average Common Equity	6.8		%	7.3		%	(37.5		)%	9.7		%	9.2		%					7.1		%	9.5		%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)	59		%	57		%	59		%	58		%	58		%					59		%	58		%

Balance Sheet Data (in billions of dollars, except per share amounts):
Total Assets	$	1,864.1		$	1,889.1		$	1,842.5		$	1,922.1		$	1,912.3		(1	)%	3	%
Total Average Assets	1,869.2			1,892.3			1,909.7			1,904.2			1,917.1			1	%	3	%	$	1,849.9		$	1,910.7		3	%
Total Deposits	958.7			964.0			959.8			1,001.2			996.7			—		4	%
Citigroup’s Stockholders’ Equity(5) (6)	230.0			227.6			200.7			201.9			200.1			(1	)%	(13	)%
Book Value Per Share	77.36			78.81			70.62			71.67			71.95			—		(7	)%
Tangible Book Value Per Share (7)	67.32			68.55			60.16			61.02			61.29			—		(9	)%

Direct Staff (in thousands)	214			213			209			209			205			(2	)%	(4	)%

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

(2) For all periods presented, Citi’s reportable CET1 Capital and Tier 1 Capital ratios were derived under the U.S. Basel III Standardized Approach, whereas Citi’s reportable Total Capital ratios were derived under the U.S. Basel III Advanced Approaches framework. The reportable ratios represent the lower of each of the three risk-based capital ratios (CET1 Capital, Tier 1 Capital and Total Capital) under both the Standardized Approach and the Advanced Approaches under the Collins Amendment. Citigroup’s risk-based capital ratios reflect full implementation of the U.S. Basel III rules for all periods. As of December 31, 2017 and for all prior periods, these ratios are non-GAAP financial measures, which reflect full implementation of regulatory capital adjustments and deductions prior to the effective date of January 1, 2018. For the composition of Citi’s CET1 Capital and ratio, see page 28.

(3) June 30, 2018 is preliminary.

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

(5) In March 2017, the FASB issued Accounting Standards Update 2017-08, Premium Amortization on Purchased Callable Debt Securities (ASU 2017-08), which revises existing U.S. GAAP by shortening the amortization period for premiums on certain purchased callable debt securities to the earliest call date, rather than the contractual life of the security. During the second quarter of 2017, Citi early adopted ASU 2017-08 on a modified retrospective basis effective January 1, 2017, resulting in a $156 million net reduction of Citi’s stockholders’ equity.

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

(7) Tangible book value per share is a non-GAAP financial measure. For a reconciliation of this measure to reported results, see page 28.

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Revenues
Interest revenue	$	15,294		$	15,914		$	15,850		$	16,332		$	17,550		7	%	15	%	$	29,815		$	33,882		14	%
Interest expense	4,036			4,379			4,537			5,160			5,885			14	%	46	%	7,602			11,045			45	%
Net interest revenue	11,258			11,535			11,313			11,172			11,665			4	%	4	%	22,213			22,837			3	%

Commissions and fees	3,256			3,241			3,155			3,030			3,111			3	%	(4	)%	6,311			6,141			(3	)%
Principal transactions	2,643			2,248			1,490			3,289			2,151			(35	)%	(19	)%	5,737			5,440			(5	)%
Administrative and other fiduciary fees	909			929			912			905			934			3	%	3	%	1,743			1,839			6	%
Realized gains (losses) on investments	221			213			152			170			102			(40	)%	(54	)%	413			272			(34	)%
Other-than-temporary impairment losses on investments and other assets	(20		)	(15		)	(16		)	(28		)	(15		)	46	%	25	%	(32		)	(43		)	(34	)%
Other revenue	(112		)	268			498			334			521			56	%	NM		136			855			NM
Total non-interest revenues	6,897			6,884			6,191			7,700			6,804			(12	)%	(1	)%	14,308			14,504			1	%
Total revenues, net of interest expense	18,155			18,419			17,504			18,872			18,469			(2	)%	2	%	36,521			37,341			2	%

Provisions for Credit Losses and for Benefits and Claims

Net credit losses	1,710			1,777			1,880			1,867			1,704			(9	)%	—		3,419			3,571			4	%
Credit reserve build / (release)	(44		)	369			136			(64		)	91			NM		NM		(78		)	27			NM
Provision for loan losses	1,666			2,146			2,016			1,803			1,795			—		8	%	3,341			3,598			8	%
Provision for Policyholder benefits and claims	23			28			28			26			21			(19	)%	(9	)%	53			47			(11	)%
Provision for unfunded lending commitments	28			(175		)	29			28			(4		)	NM		NM		(15		)	24			NM
Total provisions for credit losses and for benefits and claims	1,717			1,999			2,073			1,857			1,812			(2	)%	6	%	3,379			3,669			9	%

Operating Expenses
Compensation and benefits	5,463			5,304			4,880			5,807			5,452			(6	)%	—		10,997			11,259			2	%
Premises and Equipment	604			608			621			593			570			(4	)%	(6	)%	1,224			1,163			(5	)%
Technology / communication expense	1,695			1,764			1,787			1,758			1,797			2	%	6	%	3,358			3,555			6	%
Advertising and marketing expense	432			417			386			381			411			8	%	(5	)%	805			792			(2	)%
Other operating	2,566			2,324			2,658			2,386			2,482			4	%	(3	)%	5,099			4,868			(5	)%
Total operating expenses	10,760			10,417			10,332			10,925			10,712			(2	)%	—		21,483			21,637			1	%

Income from Continuing Operations before Income Taxes	5,678			6,003			5,099			6,090			5,945			(2	)%	5	%	11,659			12,035			3	%
Provision (benefits) for income taxes	1,795			1,866			23,864			1,441			1,444			—		(20	)%	3,658			2,885			(21	)%

Income (Loss) from Continuing Operations	3,883			4,137			(18,765		)	4,649			4,501			(3	)%	16	%	8,001			9,150			14	%
Discontinued Operations
Income (Loss) from Discontinued Operations	33			(9		)	(100		)	(7		)	(2		)	71	%	NM		5			(9		)	NM
Provision (benefits) for income taxes	12			(4		)	9			—			(17		)	NM		NM		2			(17		)	NM
Income (Loss) from Discontinued Operations, net of taxes	21			(5		)	(109		)	(7		)	15			NM		(29	)%	3			8			NM

Net Income (Loss) before Noncontrolling Interests	3,904			4,132			(18,874		)	4,642			4,516			(3	)%	16	%	8,004			9,158			14	%

Net Income (Loss) attributable to noncontrolling interests	32			(1		)	19			22			26			18	%	(19	)%	42			48			14	%
Citigroup’s Net Income (Loss)	$	3,872		$	4,133		$	(18,893	)	$	4,620		$	4,490		(3	)%	16	%	$	7,962		$	9,110		14	%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

																2Q18 Increase/
	June 30,			September 30,			December 31,			March 31,			June 30,			(Decrease) from
	2017			2017			2017			2018			2018 (1)			1Q18		2Q17
Assets
Cash and due from banks (including segregated cash and other deposits)	$	20,940		$	22,604		$	23,775		$	21,850		$	21,077		(4	)%	1	%
Deposits with banks	165,142			163,505			156,741			180,854			179,825			(1	)%	9	%
Fed funds sold and securities borr’d or purch under agree. to resell	234,065			252,608			232,478			257,887			265,526			3	%	13	%
Brokerage receivables	40,487			38,076			38,384			46,572			36,977			(21	)%	(9	)%
Trading account assets	260,549			260,151			252,702			268,808			262,949			(2	)%	1	%
Investments
Available-for-sale and non-marketable equity securities(2)	301,535			303,147			298,970			299,479			296,819			(1	)%	(2	)%
Held-to-maturity	50,175			51,527			53,320			52,492			52,897			1	%	5	%
Total Investments	351,710			354,674			352,290			351,971			349,716			(1	)%	(1	)%
Loans, net of unearned income
Consumer	325,261			325,576			333,656			325,084			323,632			—		(1	)%
Corporate	319,434			327,607			333,378			347,854			347,548			—		9	%
Loans, net of unearned income	644,695			653,183			667,034			672,938			671,180			—		4	%
Allowance for loan losses	(12,025		)	(12,366		)	(12,355		)	(12,354		)	(12,126		)	2	%	(1	)%
Total loans, net	632,670			640,817			654,679			660,584			659,054			—		4	%
Goodwill	22,349			22,345			22,256			22,659			22,058			(3	)%	(1	)%
Intangible assets (other than MSRs)	4,887			4,732			4,588			4,450			4,729			6	%	(3	)%
Mortgage servicing rights (MSRs)	560			553			558			587			596			2	%	6	%
Other assets	130,704			129,068			104,014			105,882			109,827			4	%	(16	)%
Total assets	$	1,864,063		$	1,889,133		$	1,842,465		$	1,922,104		$	1,912,334		(1	)%	3	%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	126,253		$	127,220		$	126,880		$	125,332		$	117,473		(6	)%	(7	)%
Interest-bearing deposits in U.S. offices	311,361			315,556			318,613			327,872			337,228			3	%	8	%
Total U.S. Deposits	437,614			442,776			445,493			453,204			454,701			—		4	%
Non-interest-bearing deposits in offices outside the U.S.	83,046			84,178			87,440			90,477			86,241			(5	)%	4	%
Interest-bearing deposits in offices outside the U.S.	438,083			437,084			426,889			457,538			455,788			—		4	%
Total International Deposits	521,129			521,262			514,329			548,015			542,029			(1	)%	4	%

Total deposits	958,743			964,038			959,822			1,001,219			996,730			—		4	%
Fed funds purch and securities loaned or sold under agree. to repurch.	154,780			161,282			156,277			171,759			177,828			4	%	15	%
Brokerage payables	62,947			63,205			61,342			69,685			67,672			(3	)%	8	%
Trading account liabilities	137,698			139,530			125,028			143,961			140,745			(2	)%	2	%
Short-term borrowings	36,519			38,149			44,452			36,094			37,233			3	%	2	%
Long-term debt	225,179			232,673			236,709			237,938			236,822			—		5	%
Other liabilities(3)	57,090			61,634			57,163			58,582			54,336			(7	)%	(5	)%
Total liabilities	$	1,632,956		$	1,660,511		$	1,640,793		$	1,719,238		$	1,711,366		—		5	%

Equity
Stockholders’ equity(2)(4)
Preferred stock	$	19,253		$	19,253		$	19,253		$	19,156		$	19,035		(1	)%	(1	)%
Common stock	31			31			31			31			31			—		—
Additional paid-in capital	107,798			107,896			108,008			107,599			107,724			—		—
Retained earnings(2)(4)	152,178			155,174			138,425			141,863			145,211			2	%	(5	)%
Treasury stock	(19,342		)	(24,829		)	(30,309		)	(32,115		)	(34,413		)	(7	)%	(78	)%
Accumulated other comprehensive income (loss)(4)	(29,899		)	(29,891		)	(34,668		)	(34,619		)	(37,494		)	(8	)%	(25	)%
Total common equity	$	210,766		$	208,381		$	181,487		$	182,759		$	181,059		(1	)%	(14	)%

Total Citigroup stockholders’ equity	$	230,019		$	227,634		$	200,740		$	201,915		$	200,094		(1	)%	(13	)%
Noncontrolling interests	1,088			988			932			951			874			(8	)%	(20	)%
Total equity	231,107			228,622			201,672			202,866			200,968			(1	)%	(13	)%
Total liabilities and equity	$	1,864,063		$	1,889,133		$	1,842,465		$	1,922,104		$	1,912,334		(1	)%	3	%

(1) Preliminary.

(2) See footnote 5 on page 1.

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

(4) See footnote 6 on page 1.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)

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

Global Consumer Banking
North America	$	4,946	$	5,197	$	5,182	$	5,157	$	5,004	(3	)%	1	%	$	9,891	$	10,161	3	%
Latin America	1,308		1,388		1,359		1,347		1,381		3	%	6	%	2,475		2,728		10	%
Asia(1)	1,819		1,885		1,908		1,929		1,865		(3	)%	3	%	3,553		3,794		7	%
Total	8,073		8,470		8,449		8,433		8,250		(2	)%	2	%	15,919		16,683		5	%

Institutional Clients Group
North America	3,646		3,709		3,046		3,265		3,511		8	%	(4	)%	7,168		6,776		(5	)%
EMEA	2,881		2,703		2,441		3,167		3,043		(4	)%	6	%	5,735		6,210		8	%
Latin America	1,086		1,099		1,031		1,210		1,162		(4	)%	7	%	2,255		2,372		5	%
Asia	1,808		1,919		1,786		2,206		1,975		(10	)%	9	%	3,582		4,181		17	%
Total	9,421		9,430		8,304		9,848		9,691		(2	)%	3	%	18,740		19,539		4	%

Corporate / Other	661		519		751		591		528		(11	)%	(20	)%	1,862		1,119		(40	)%

Total Citigroup - Net Revenues	$	18,155	$	18,419	$	17,504	$	18,872	$	18,469	(2	)%	2	%	$	36,521	$	37,341	2	%

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

SEGMENT DETAIL

INCOME

(In millions of dollars)

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

Global Consumer Banking(1)
North America	$	657		$	642		$	77		$	838		$	719		(14	)%	9	%	$	1,271		$	1,557		23	%
Latin America	141			169			165			183			200			9	%	42	%	276			383			39	%
Asia (2)	330			359			340			373			360			(3	)%	9	%	579			733			27	%
Total	1,128			1,170			582			1,394			1,279			(8	)%	13	%	2,126			2,673			26	%

Institutional Clients Group(1)
North America	1,088			1,298			(1,108		)	857			1,028			20	%	(6	)%	2,165			1,885			(13	)%
EMEA	786			753			431			1,113			987			(11	)%	26	%	1,648			2,100			27	%
Latin America	341			388			333			491			514			5	%	51	%	823			1,005			22	%
Asia	565			623			557			868			708			(18	)%	25	%	1,155			1,576			36	%
Total	2,780			3,062			213			3,329			3,237			(3	)%	16	%	5,791			6,566			13	%

Corporate / Other (1)	(25		)	(95		)	(19,560		)	(74		)	(15		)	80	%	40	%	84			(89		)	NM

Income (Loss) From Continuing Operations	$	3,883		$	4,137		$	(18,765	)	$	4,649		$	4,501		(3	)%	16	%	$	8,001		$	9,150		14	%

Discontinued Operations	21			(5		)	(109		)	(7		)	15			NM		(29	)%	3			8			NM

Net Income Attributable to Noncontrolling Interests	32			(1		)	19			22			26			18	%	(19	)%	42			48			14	%

Total Citigroup - Net Income (Loss)	$	3,872		$	4,133		$	(18,893	)	$	4,620		$	4,490		(3	)%	16	%	$	7,962		$	9,110		14	%

Average Assets (in billions of dollars)
North America	$	982		$	993		$	1,006		$	971		$	979		1	%	—		$	972		$	975		—
EMEA(2)	335			329			334			363			375			3	%	12	%	327			369			13	%
Latin America	129			131			128			129			127			(2	)%	(2	)%	127			128			1	%
Asia(2)	328			337			340			348			342			(2	)%	4	%	325			345			6	%
Corporate / Other	95			102			102			93			94			1	%	(1	)%	99			94			(5	)%
Total	$	1,869		$	1,892		$	1,910		$	1,904		$	1,917		1	%	3	%	$	1,850		$	1,911		3	%

Return on Average Assets (ROA) on Net Income (Loss)
North America	0.71		%	0.78		%	(0.41		)%	0.71		%	0.72		%					0.71		%	0.71		%
EMEA(2)	0.93		%	0.89		%	0.50		%	1.23		%	1.04		%					1.00		%	1.13		%
Latin America	1.49		%	1.68		%	1.54		%	2.12		%	2.25		%					1.74		%	2.19		%
Asia(2)	1.09		%	1.15		%	1.04		%	1.44		%	1.25		%					1.07		%	1.35		%
Corporate/Other	(0.06		)%	(0.32		)%	(76.53		)%	(0.38		)%	(0.06		)%					0.17		%	(0.21		)%
Total	0.83		%	0.87		%	(3.93		)%	0.98		%	0.94		%					0.87		%	0.96		%

(1) See footnote 1 on page 1.

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

Page 1

(In millions of dollars, except as otherwise noted)

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

Net Interest Revenue	$	6,760		$	7,071		$	7,015		$	6,980		$	7,019		1	%	4	%	$	13,339		$	13,999		5	%
Non-Interest Revenue	1,313			1,399			1,434			1,453			1,231			(15	)%	(6	)%	2,580			2,684			4	%
Total Revenues, Net of Interest Expense	8,073			8,470			8,449			8,433			8,250			(2	)%	2	%	15,919			16,683			5	%
Total Operating Expenses	4,537			4,452			4,563			4,681			4,655			(1	)%	3	%	8,988			9,336			4	%
Net Credit Losses	1,615			1,704			1,640			1,736			1,726			(1	)%	7	%	3,218			3,462			8	%
Credit Reserve Build / (Release)	125			486			177			144			154			7	%	23	%	302			298			(1	)%
Provision for Unfunded Lending Commitments	(1		)	(5		)	(2		)	(1		)	3			NM		NM		5			2			(60	)%
Provision for Benefits and Claims	23			28			36			26			22			(15	)%	(4	)%	52			48			(8	)%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	1,762			2,213			1,851			1,905			1,905			—		8	%	3,577			3,810			7	%
Income from Continuing Operations before Taxes	1,774			1,805			2,035			1,847			1,690			(9	)%	(5	)%	3,354			3,537			5	%
Income Taxes (2)	646			635			1,453			453			411			(9	)%	(36	)%	1,228			864			(30	)%
Income from Continuing Operations	1,128			1,170			582			1,394			1,279			(8	)%	13	%	2,126			2,673			26	%
Noncontrolling Interests	4			2			2			2			1			(50	)%	(75	)%	5			3			(40	)%
Net Income	$	1,124		$	1,168		$	580		$	1,392		$	1,278		(8	)%	14	%	$	2,121		$	2,670		26	%
EOP Assets (in billions of dollars)	$	418		$	419		$	428		$	423		$	422		—		1	%
Average Assets (in billions of dollars)	$	414		$	421		$	423		$	423		$	417		(1	)%	1	%	$	412		$	420		2	%
Return on Average Assets (ROA)	1.09		%	1.10		%	0.54		%	1.33		%	1.23		%					1.04		%	1.28		%
Efficiency Ratio	56		%	53		%	54		%	56		%	56		%					56		%	56		%

Net Credit Losses as a % of Average Loans	2.20		%	2.26		%	2.15		%	2.30		%	2.28		%					2.22		%	2.29		%

Revenue by Business
Retail Banking	$	3,328		$	3,521		$	3,458		$	3,471		$	3,489		1	%	5	%	$	6,503		$	6,960		7	%
Cards (3)	4,745			4,949			4,991			4,962			4,761			(4	)%	—		9,416			9,723			3	%
Total	$	8,073		$	8,470		$	8,449		$	8,433		$	8,250		(2	)%	2	%	$	15,919		$	16,683		5	%

Net Credit Losses by Business
Retail Banking	$	244		$	300		$	243		$	232		$	228		(2	)%	(7	)%	$	480		$	460		(4	)%
Cards (3)	1,371			1,404			1,397			1,504			1,498			—		9	%	2,738			3,002			10	%
Total	$	1,615		$	1,704		$	1,640		$	1,736		$	1,726		(1	)%	7	%	$	3,218		$	3,462		8	%

Income from Continuing Operations by Business
Retail Banking	$	419		$	546		$	358		$	524		$	580		11	%	38	%	$	752		$	1,104		47	%
Cards (3)	709			624			224			870			699			(20	)%	(1	)%	1,374			1,569			14	%
Total	$	1,128		$	1,170		$	582		$	1,394		$	1,279		(8	)%	13	%	$	2,126		$	2,673		26	%

Foreign Currency (FX) Translation Impact:
Total Revenue - as Reported	$	8,073		$	8,470		$	8,449		$	8,433		$	8,250		(2	)%	2	%	$	15,919		$	16,683		5	%
Impact of FX Translation (4)	(51		)	(115		)	(40		)	(112		)	—							92			—
Total Revenues - Ex-FX (4)	$	8,022		$	8,355		$	8,409		$	8,321		$	8,250		(1	)%	3	%	$	16,011		$	16,683		4	%

Total Operating Expenses - as Reported	$	4,537		$	4,452		$	4,563		$	4,681		$	4,655		(1	)%	3	%	$	8,988		$	9,336		4	%
Impact of FX Translation (4)	(20		)	(51		)	(21		)	(58		)	—							70			—
Total Operating Expenses - Ex-FX (4)	$	4,517		$	4,401		$	4,542		$	4,623		$	4,655		1	%	3	%	$	9,058		$	9,336		3	%

Total Provisions for LLR & PBC - as Reported	$	1,762		$	2,213		$	1,851		$	1,905		$	1,905		—		8	%	$	3,577		$	3,810		7	%
Impact of FX Translation (4)	(15		)	(30		)	(8		)	(21		)	—							13			—
Total Provisions for LLR & PBC - Ex-FX (4)	$	1,747		$	2,183		$	1,843		$	1,884		$	1,905		1	%	9	%	$	3,590		$	3,810		6	%

Net Income - as Reported	$	1,124		$	1,168		$	580		$	1,392		$	1,278		(8	)%	14	%	$	2,121		$	2,670		26	%
Impact of FX Translation (4)	(9		)	(21		)	(8		)	(26		)	—							8			—
Net Income - Ex-FX (4)	$	1,115		$	1,147		$	572		$	1,366		$	1,278		(6	)%	15	%	$	2,129		$	2,670		25	%

(1) See footnote 1 on page 1.

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

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

(4) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the second quarter of 2018 and year-to-date 2018 average exchange rates for all periods presented. Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

Page 2

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

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

Branches (actual)	2,570			2,474			2,451			2,433			2,428			—		(6	)%
Accounts (in millions)	53.8			53.2			52.9			53.2			53.9			1	%	—
Average Deposits	$	307.2		$	308.1		$	306.5		$	308.9		$	305.8		(1	)%	—
Investment Sales	$	21.8		$	25.3		$	23.7		$	27.1		$	23.9		(12	)%	10	%
Investment Assets under Management (AUMs)	$	152.8		$	158.2		$	160.9		$	163.5		$	162.7		—		6	%
Average Loans	$	142.3		$	144.3		$	145.1		$	147.1		$	145.6		(1	)%	2	%
EOP Loans:
Mortgages	$	81.4		$	81.4		$	81.7		$	82.1		$	80.5		(2	)%	(1	)%
Commercial Banking	34.8			35.5			36.3			36.8			36.5			(1	)%	5	%
Personal and Other	27.2			27.3			27.9			28.5			28.1			(1	)%	3	%
EOP Loans	$	143.4		$	144.2		$	145.9		$	147.4		$	145.1		(2	)%	1	%

Total Net Interest Revenue (in millions) (1)	$	2,285		$	2,383		$	2,345		$	2,356		$	2,425		3	%	6	%
As a % of Average Loans	6.44		%	6.55		%	6.41		%	6.50		%	6.68		%

Net Credit Losses (in millions)	$	244		$	300		$	243		$	232		$	228		(2	)%	(7	)%
As a % of Average Loans	0.69		%	0.82		%	0.66		%	0.64		%	0.63		%
Loans 90+ Days Past Due (in millions) (2)	$	477		$	489		$	515		$	493		$	500		1	%	5	%
As a % of EOP Loans	0.33		%	0.34		%	0.35		%	0.34		%	0.35		%
Loans 30-89 Days Past Due (in millions) (2)	$	747		$	805		$	822		$	830		$	754		(9	)%	1	%
As a % of EOP Loans	0.52		%	0.56		%	0.57		%	0.57		%	0.52		%

Cards Key Indicators (in millions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	141.5			141.2			141.7			140.3			140.2			—		(1	)%
Purchase Sales (in billions)	$	125.3		$	124.9		$	136.3		$	121.7		$	133.6		10	%	7	%

Average Loans (in billions) (3)	$	151.5		$	155.4		$	158.2		$	159.2		$	157.5		(1	)%	4	%
EOP Loans (in billions) (3)	$	155.1		$	156.6		$	164.9		$	156.6		$	160.9		3	%	4	%
Average Yield (4)	12.78		%	12.87		%	12.70		%	12.98		%	13.09		%
Total Net Interest Revenue (5)	$	4,475		$	4,688		$	4,651		$	4,615		$	4,594		—		3	%
As a % of Average Loans (5)	11.85		%	11.97		%	11.66		%	11.76		%	11.70		%
Net Credit Losses	$	1,371		$	1,404		$	1,397		$	1,504		$	1,498		—		9	%
As a % of Average Loans	3.63		%	3.58		%	3.50		%	3.83		%	3.81		%
Net Credit Margin (6)	$	3,368		$	3,542		$	3,569		$	3,451		$	3,263		(5	)%	(3	)%
As a % of Average Loans (6)	8.92		%	9.04		%	8.95		%	8.79		%	8.31		%
Loans 90+ Days Past Due	$	1,706		$	1,790		$	1,963		$	1,886		$	1,845		(2	)%	8	%
As a % of EOP Loans	1.10		%	1.14		%	1.19		%	1.20		%	1.15		%
Loans 30-89 Days Past Due	$	1,751		$	1,958		$	1,940		$	1,880		$	1,804		(4	)%	3	%
As a % of EOP Loans	1.13		%	1.25		%	1.18		%	1.20		%	1.12		%

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

(2) The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies. See footnote 2 on page 9.

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

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

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

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

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 1

(In millions of dollars, except as otherwise noted)

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

Net Interest Revenue	$	4,632		$	4,825		$	4,805		$	4,750		$	4,780		1	%	3	%	$	9,249		$	9,530		3	%
Non-Interest Revenue	314			372			377			407			224			(45	)%	(29	)%	642			631			(2	)%
Total Revenues, Net of Interest Expense	4,946			5,197			5,182			5,157			5,004			(3	)%	1	%	9,891			10,161			3	%
Total Operating Expenses	2,598			2,482			2,568			2,645			2,666			1	%	3	%	5,195			5,311			2	%
Net Credit Losses	1,181			1,239			1,186			1,296			1,278			(1	)%	8	%	2,371			2,574			9	%
Credit Reserve Build / (Release)	101			463			153			123			115			(7	)%	14	%	253			238			(6	)%
Provision for Unfunded Lending Commitments	2			(3		)	(2		)	(4		)	2			NM		—		9			(2		)	NM
Provision for Benefits and Claims	8			9			10			6			5			(17	)%	(38	)%	14			11			(21	)%
Provisions for Loan Losses and for Benefits and Claims	1,292			1,708			1,347			1,421			1,400			(1	)%	8	%	2,647			2,821			7	%
Income from Continuing Operations before Taxes	1,056			1,007			1,267			1,091			938			(14	)%	(11	)%	2,049			2,029			(1	)%
Income Taxes (2)	399			365			1,190			253			219			(13	)%	(45	)%	778			472			(39	)%
Income from Continuing Operations	657			642			77			838			719			(14	)%	9	%	1,271			1,557			23	%
Noncontrolling Interests	—			—			(1		)	—			—			—		—		—			—			—
Net Income	$	657		$	642		$	78		$	838		$	719		(14	)%	9	%	$	1,271		$	1,557		23	%
Average Assets (in billions)	$	244		$	250		$	254		$	248		$	244		(2	)%	—		$	245		$	246		—
Return on Average Assets	1.08		%	1.02		%	0.12		%	1.37		%	1.18		%					1.05		%	1.28		%
Efficiency Ratio	53		%	48		%	50		%	51		%	53		%					53		%	52		%

Net Credit Losses as a % of Average Loans	2.58		%	2.63		%	2.48		%	2.77		%	2.72		%					2.61		%	2.74		%

Revenue by Business
Retail Banking	$	1,293		$	1,366		$	1,349		$	1,307		$	1,348		3	%	4	%	$	2,550		$	2,655		4	%
Citi-Branded Cards	2,079			2,178			2,225			2,232			2,062			(8	)%	(1	)%	4,175			4,294			3	%
Citi Retail Services	1,574			1,653			1,608			1,618			1,594			(1	)%	1	%	3,166			3,212			1	%
Total	$	4,946		$	5,197		$	5,182		$	5,157		$	5,004		(3	)%	1	%	$	9,891		$	10,161		3	%

Net Credit Losses by Business
Retail Banking	$	39		$	88		$	30		$	43		$	32		(26	)%	(18	)%	$	76		$	75		(1	)%
Citi-Branded Cards	611			611			592			651			657			1	%	8	%	1,244			1,308			5	%
Citi Retail Services	531			540			564			602			589			(2	)%	11	%	1,051			1,191			13	%
Total	$	1,181		$	1,239		$	1,186		$	1,296		$	1,278		(1	)%	8	%	$	2,371		$	2,574		9	%

Income from Continuing Operations by Business
Retail Banking	$	130		$	169		$	41		$	140		$	161		15	%	24	%	$	202		$	301		49	%
Citi-Branded Cards	302			342			119			425			309			(27	)%	2	%	548			734			34	%
Citi Retail Services	225			131			(83		)	273			249			(9	)%	11	%	521			522			—
Total	$	657		$	642		$	77		$	838		$	719		(14	)%	9	%	$	1,271		$	1,557		23	%

(1) See footnote 1 on page 1.

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2

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

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

Branches (actual)	695			695			694			694			693			—		—
Accounts (in millions)	9.5			9.4			9.2			9.1			9.1			—		(4	)%
Average Deposits	$	185.1		$	184.1		$	182.7		$	180.9		$	179.9		(1	)%	(3	)%
Investment Sales	$	6.5		$	6.7		$	7.0		$	8.4		$	7.8		(7	)%	20	%
Investment AUMs	$	56.7		$	58.6		$	60.3		$	60.5		$	61.1		1	%	8	%

Average Loans	$	55.6		$	55.7		$	56.0		$	55.7		$	55.6		—		—

EOP Loans:
Mortgages	$	44.3		$	44.2		$	44.3		$	44.2		$	44.4		—		—
Commercial Banking	9.2			9.4			9.5			9.1			9.1			—		(1	)%
Personal and Other	2.1			2.1			2.2			2.1			2.2			5	%	5	%
Total EOP Loans	$	55.6		$	55.7		$	56.0		$	55.4		$	55.7		1	%	—

Mortgage Originations (1)	$	3.1		$	3.2		$	3.0		$	2.3		$	2.6		13	%	(16	)%

Third Party Mortgage Servicing Portfolio (EOP)	$	49.1		$	49.1		$	47.3		$	46.0		$	45.7		(1	)%	(7	)%

Net Servicing & Gain/(Loss) on Sale (in millions)	$	50.0		$	47.3		$	69.1		$	33.4		$	33.6		1	%	(33	)%

Saleable Mortgage Rate Locks	$	1.5		$	1.7		$	1.3		$	1.2		$	1.3		8	%	(13	)%

Net Interest Revenue on Loans (in millions)	$	248		$	253		$	235		$	232		$	226		(3	)%	(9	)%
As a % of Avg. Loans	1.79		%	1.80		%	1.66		%	1.69		%	1.63		%

Net Credit Losses (in millions)	$	39		$	88		$	30		$	43		$	32		(26	)%	(18	)%
As a % of Avg. Loans	0.28		%	0.63		%	0.21		%	0.31		%	0.23		%

Loans 90+ Days Past Due (in millions) (2)	$	155		$	167		$	199		$	184		$	179		(3	)%	15	%
As a % of EOP Loans	0.28		%	0.30		%	0.36		%	0.34		%	0.33		%
Loans 30-89 Days Past Due (in millions) (2)	$	191		$	270		$	306		$	227		$	252		11	%	32	%
As a % of EOP Loans	0.35		%	0.49		%	0.55		%	0.41		%	0.46		%

(1) Originations of residential first mortgages.

(2) The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.

The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) were $295 million and ($0.8 billion), $289 million and ($0.7 billion), $298 million and ($0.7 billion), $272 million and ($0.7 billion), and $244 million and ($0.7 billion) as of June 30, 2017, September 30, 2017, December 31, 2017, March 31, 2018 and June 30, 2018, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $84 million and ($0.8 billion), $79 million and ($0.7 billion), $88 million and ($0.7 billion), $92 million and ($0.7 billion), and $87 million and ($0.9 billion) as of June 30, 2017, September 30, 2017, December 31, 2017, March 31, 2018 and June 30, 2018, respectively.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3

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

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts (in millions)	33.6			33.9			34.2			33.9			34.1			1	%	1	%
Purchase Sales (in billions)	$	80.5		$	80.4		$	86.3		$	78.6		$	86.4		10	%	7	%

Average Loans (in billions) (1)	$	83.3		$	85.4		$	86.8		$	86.9		$	86.6		—		4	%

EOP Loans (in billions) (1)	$	85.6		$	86.3		$	90.5		$	85.7		$	88.1		3	%	3	%

Average Yield (2)	9.61		%	9.70		%	9.63		%	9.79		%	9.94		%
Total Net Interest Revenue (3)	$	1,788		$	1,849		$	1,854		$	1,800		$	1,788		(1	)%	—
As a % of Avg. Loans (3)	8.61		%	8.59		%	8.47		%	8.40		%	8.28		%
Net Credit Losses	$	611		$	611		$	592		$	651		$	657		1	%	8	%
As a % of Average Loans	2.94		%	2.84		%	2.71		%	3.04		%	3.04		%
Net Credit Margin (4)	$	1,466		$	1,564		$	1,610		$	1,573		$	1,403		(11	)%	(4	)%
As a % of Avg. Loans (4)	7.06		%	7.27		%	7.36		%	7.34		%	6.50		%
Loans 90+ Days Past Due	$	659		$	668		$	768		$	731		$	712		(3	)%	8	%
As a % of EOP Loans	0.77		%	0.77		%	0.85		%	0.85		%	0.81		%
Loans 30-89 Days Past Due	$	619		$	705		$	698		$	669		$	627		(6	)%	1	%
As a % of EOP Loans	0.72		%	0.82		%	0.77		%	0.78		%	0.71		%

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

Total Revenues, Net of Interest Expense	$	2,043		$	2,139		$	2,186		$	2,071		$	2,062		—		1	%
Purchase Sales (in billions)	$	78.9		$	78.9		$	84.8		$	78.3		$	86.4		10	%	10	%
Average Loans (in billions) (1)	$	82.1		$	84.2		$	86.4		$	86.9		$	86.6		—		5	%
EOP Loans (in billions) (1)	$	84.4		$	85.1		$	90.5		$	85.7		$	88.1		3	%	4	%

Average Yield (2)	9.60		%	9.69		%	9.62		%	9.79		%	9.94		%	2	%	4	%
Total Net Interest Revenue (3)	1,761			1,821			1,845			1,800			1,788			(1	)%	2	%
As a % of Avg. Loans (3)	8.60		%	8.58		%	8.47		%	8.40		%	8.28		%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	86.5			86.0			86.4			85.4			85.1			—		(2	)%
Purchase Sales (in billions)	$	20.6		$	20.0		$	23.6		$	17.4		$	21.6		24	%	5	%

Average Loans (in billions) (1)	$	44.5		$	45.6		$	46.9		$	47.1		$	46.6		(1	)%	5	%

EOP Loans (in billions) (1)	$	45.2		$	45.9		$	49.2		$	46.0		$	48.6		6	%	8	%

Average Yield (2)	17.38		%	17.51		%	17.06		%	17.68		%	17.82		%
Total Net Interest Revenue (3)	$	1,897		$	1,986		$	1,954		$	1,973		$	1,970		—		4	%
As a % of Avg. Loans (3)	17.10		%	17.28		%	16.53		%	16.99		%	16.96		%
Net Credit Losses	$	531		$	540		$	564		$	602		$	589		(2	)%	11	%
As a % of Average Loans	4.79		%	4.70		%	4.77		%	5.18		%	5.07		%
Net Credit Margin (4)	$	1,037		$	1,108		$	1,038		$	1,012		$	1,002		(1	)%	(3	)%
As a % of Avg. Loans (4)	9.35		%	9.64		%	8.78		%	8.71		%	8.62		%
Loans 90+ Days Past Due	$	693		$	772		$	845		$	797		$	781		(2	)%	13	%
As a % of EOP Loans	1.53		%	1.68		%	1.72		%	1.73		%	1.61		%
Loans 30-89 Days Past Due	$	730		$	836		$	830		$	791		$	761		(4	)%	4	%
As a % of EOP Loans	1.62		%	1.82		%	1.69		%	1.72		%	1.57		%

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

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

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

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

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

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

LATIN AMERICA (1) - PAGE 1

(In millions of dollars, except as otherwise noted)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Net Interest Revenue	$	967		$	1,038		$	991		$	997		$	1,013		2	%	5	%	$	1,815		$	2,010		11	%
Non-Interest Revenue	341			350			368			350			368			5	%	8	%	660			718			9	%
Total Revenues, Net of Interest Expense	1,308			1,388			1,359			1,347			1,381			3	%	6	%	2,475			2,728			10	%
Total Operating Expenses	745			779			768			759			782			3	%	5	%	1,412			1,541			9	%
Net Credit Losses	277			295			292			278			278			—		—		530			556			5	%
Credit Reserve Build / (Release)	50			44			19			42			33			(21	)%	(34	)%	62			75			21	%
Provision for Unfunded Lending Commitments	(1		)	(1		)	1			1			—			(100	)%	100	%	(1		)	1			NM
Provision for Benefits and Claims	15			19			26			20			17			(15	)%	13	%	38			37			(3	)%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	341			357			338			341			328			(4	)%	(4	)%	629			669			6	%
Income from Continuing Operations before Taxes	222			252			253			247			271			10	%	22	%	434			518			19	%
Income Taxes	81			83			88			64			71			11	%	(12	)%	158			135			(15	)%
Income from Continuing Operations	141			169			165			183			200			9	%	42	%	276			383			39	%
Noncontrolling Interests	2			1			1			—			—			—		(100	)%	3			—			(100	)%
Net Income	$	139		$	168		$	164		$	183		$	200		9	%	44	%	$	273		$	383		40	%
Average Assets (in billions of dollars)	$	45		$	47		$	44		$	44		$	43		(2	)%	(4	)%	$	44		$	44		—
Return on Average Assets	1.24		%	1.42		%	1.48		%	1.69		%	1.87		%					1.25		%	1.76		%
Efficiency Ratio	57		%	56		%	57		%	56		%	57		%					57		%	56		%

Net Credit Losses as a % of Average Loans	4.36		%	4.37		%	4.51		%	4.29		%	4.37		%					4.38		%	4.33		%

Revenue by Business
Retail Banking	$	939		$	992		$	971		$	966		$	999		3	%	6	%	$	1,789		$	1,965		10	%
Citi-Branded Cards	369			396			388			381			382			—		4	%	686			763			11	%
Total	$	1,308		$	1,388		$	1,359		$	1,347		$	1,381		3	%	6	%	$	2,475		$	2,728		10	%
Net Credit Losses by Business
Retail Banking	$	151		$	143		$	153		$	132		$	138		5	%	(9	)%	$	288		$	270		(6	)%
Citi-Branded Cards	126			152			139			146			140			(4	)%	11	%	242			286			18	%
Total	$	277		$	295		$	292		$	278		$	278		—		—		$	530		$	556		5	%
Income from Continuing Operations by Business
Retail Banking	$	91		$	129		$	116		$	138		$	155		12	%	70	%	$	181		$	293		62	%
Citi-Branded Cards	50			40			49			45			45			—		(10	)%	95			90			(5	)%
Total	$	141		$	169		$	165		$	183		$	200		9	%	42	%	$	276		$	383		39	%
FX Translation Impact:
Total Revenue - as Reported	$	1,308		$	1,388		$	1,359		$	1,347		$	1,381		3	%	6	%	$	2,475		$	2,728		10	%
Impact of FX Translation (2)	(60		)	(108		)	(23		)	(58		)	—							18			—
Total Revenues - Ex-FX (2)	$	1,248		$	1,280		$	1,336		$	1,289		$	1,381		7	%	11	%	$	2,493		$	2,728		9	%

Total Operating Expenses - as Reported	$	745		$	779		$	768		$	759		$	782		3	%	5	%	$	1,412		$	1,541		9	%
Impact of FX Translation (2)	(29		)	(51		)	(12		)	(29		)	—							10			—
Total Operating Expenses - Ex-FX (2)	$	716		$	728		$	756		$	730		$	782		7	%	9	%	$	1,422		$	1,541		8	%

Provisions for LLR & PBC - as Reported	$	341		$	357		$	338		$	341		$	328		(4	)%	(4	)%	$	629		$	669		6	%
Impact of FX Translation (2)	(16		)	(28		)	(6		)	(16		)	—							6			—
Provisions for LLR & PBC - Ex-FX (2)	$	325		$	329		$	332		$	325		$	328		1	%	1	%	$	635		$	669		5	%

Net Income - as Reported	$	139		$	168		$	164		$	183		$	200		9	%	44	%	$	273		$	383		40	%
Impact of FX Translation (2)	(10		)	(18		)	(4		)	(10		)	—							2			—
Net Income - Ex-FX (2)	$	129		$	150		$	160		$	173		$	200		16	%	55	%	$	275		$	383		39	%

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

(2) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the second quarter of 2018 and year-to-date 2018 average exchange rates for all periods presented. Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

LATIN AMERICA - PAGE 2

																2Q18 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2017			2017			2017			2018			2018			1Q18		2Q17
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	1,496			1,497			1,479			1,462			1,462			—		(2	)%
Accounts (in millions)	28.0			27.6			27.7			28.2			28.9			2	%	3	%
Average Deposits	$	27.8		$	28.8		$	27.8		$	28.9		$	28.3		(2	)%	2	%
Investment Sales	$	5.7		$	6.8		$	6.0		$	6.2		$	6.6		6	%	16	%
Investment AUMs	$	34.1		$	34.8		$	32.1		$	34.0		$	33.1		(3	)%	(3	)%
Average Loans	$	20.2		$	21.2		$	20.3		$	20.7		$	20.1		(3	)%	—
EOP Loans:
Mortgages	$	4.6		$	4.6		$	4.1		$	4.5		$	4.1		(9	)%	(11	)%
Commercial Banking	9.9			10.3			10.0			10.5			10.2			(3	)%	3	%
Personal and Other	6.5			6.1			5.8			6.2			5.8			(6	)%	(11	)%
Total EOP Loans	$	21.0		$	21.0		$	19.9		$	21.2		$	20.1		(5	)%	(4	)%

Total Net Interest Revenue (in millions) (1)	$	669		$	703		$	672		$	680		$	687		1	%	3	%
As a % of Average Loans (1)	13.28		%	13.16		%	13.13		%	13.32		%	13.71		%
Net Credit Losses (in millions)	$	151		$	143		$	153		$	132		$	138		5	%	(9	)%
As a % of Average Loans	3.00		%	2.68		%	2.99		%	2.59		%	2.75		%
Loans 90+ Days Past Due (in millions)	$	150		$	151		$	130		$	128		$	132		3	%	(12	)%
As a % of EOP Loans	0.71		%	0.72		%	0.65		%	0.60		%	0.66		%
Loans 30-89 Days Past Due (in millions)	$	216		$	244		$	195		$	248		$	183		(26	)%	(15	)%
As a % of EOP Loans	1.03		%	1.16		%	0.98		%	1.17		%	0.91		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	5.7			5.7			5.6			5.7			5.7			—		—
Purchase Sales (in billions)	$	4.1		$	4.2		$	4.5		$	4.2		$	4.3		2	%	5	%
Average Loans (in billions) (2)	$	5.3		$	5.6		$	5.4		$	5.6		$	5.4		(4	)%	2	%
EOP Loans (in billions) (2)	$	5.5		$	5.6		$	5.4		$	5.7		$	5.4		(5	)%	(2	)%
Average Yield (3)	23.81		%	24.01		%	24.18		%	24.12		%	24.49		%	2	%	3	%

Total Net Interest Revenue (in millions) (4)	$	298		$	335		$	319		$	317		$	326		3	%	9	%
As a % of Average Loans (4)	22.55		%	23.73		%	23.44		%	22.96		%	24.21		%
Net Credit Losses (in millions)	$	126		$	152		$	139		$	146		$	140		(4	)%	11	%
As a % of Average Loans	9.54		%	10.77		%	10.21		%	10.57		%	10.40		%
Net Credit Margin (in millions) (5)	$	245		$	249		$	253		$	240		$	247		3	%	1	%
As a % of Average Loans (5)	18.54		%	17.64		%	18.59		%	17.38		%	18.35		%
Loans 90+ Days Past Due (in millions)	$	161		$	159		$	151		$	160		$	160		—		(1	)%
As a % of EOP Loans	2.93		%	2.84		%	2.80		%	2.81		%	2.96		%
Loans 30-89 Days Past Due (in millions)	$	151		$	163		$	153		$	160		$	156		(3	)%	3	%
As a % of EOP Loans	2.75		%	2.91		%	2.83		%	2.81		%	2.89		%

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

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

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

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

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 1

(In millions of dollars, except as otherwise noted)

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

Net Interest Revenue	$	1,161		$	1,208		$	1,219		$	1,233		$	1,226		(1	)%	6	%	$	2,275		$	2,459		8	%
Non-Interest Revenue	658			677			689			696			639			(8	)%	(3	)%	1,278			1,335			4	%
Total Revenues, Net of Interest Expense	1,819			1,885			1,908			1,929			1,865			(3	)%	3	%	3,553			3,794			7	%
Total Operating Expenses	1,194			1,191			1,227			1,277			1,207			(5	)%	1	%	2,381			2,484			4	%
Net Credit Losses	157			170			162			162			170			5	%	8	%	317			332			5	%
Credit Reserve Build / (Release)	(26		)	(21		)	5			(21		)	6			NM		NM		(13		)	(15		)	(15	)%
Provision for Unfunded Lending Commitments	(2		)	(1		)	(1		)	2			1			(50	)%	NM		(3		)	3			NM
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	129			148			166			143			177			24	%	37	%	301			320			6	%
Income from Continuing Operations before Taxes	496			546			515			509			481			(6	)%	(3	)%	871			990			14	%
Income Taxes	166			187			175			136			121			(11	)%	(27	)%	292			257			(12	)%
Income from Continuing Operations	330			359			340			373			360			(3	)%	9	%	579			733			27	%
Noncontrolling Interests	2			1			2			2			1			(50	)%	(50	)%	2			3			50	%
Net Income	$	328		$	358		$	338		$	371		$	359		(3	)%	9	%	$	577		$	730		27	%
Average Assets (in billions)	$	125		$	124		$	125		$	131		$	130		(1	)%	4	%	$	124		$	131		6	%
Return on Average Assets	1.05		%	1.15		%	1.07		%	1.15		%	1.11		%					0.94		%	1.12		%
Efficiency Ratio	66		%	63		%	64		%	66		%	65		%					67		%	65		%

Net Credit Losses as a % of Average Loans	0.74		%	0.78		%	0.73		%	0.73		%	0.77		%					0.76		%	0.75		%

Revenue by Business
Retail Banking	$	1,096		$	1,163		$	1,138		$	1,198		$	1,142		(5	)%	4	%	$	2,164		$	2,340		8	%
Citi-Branded Cards	723			722			770			731			723			(1	)%	—		1,389			1,454			5	%
Total	$	1,819		$	1,885		$	1,908		$	1,929		$	1,865		(3	)%	3	%	$	3,553		$	3,794		7	%
Net Credit Losses by Business
Retail Banking	$	54		$	69		$	60		$	57		$	58		2	%	7	%	$	116		$	115		(1	)%
Citi-Branded Cards	103			101			102			105			112			7	%	9	%	201			217			8	%
Total	$	157		$	170		$	162		$	162		$	170		5	%	8	%	$	317		$	332		5	%
Income from Continuing Operations by Business
Retail Banking	$	198		$	248		$	201		$	246		$	264		7	%	33	%	$	369		$	510		38	%
Citi-Branded Cards	132			111			139			127			96			(24	)%	(27	)%	210			223			6	%
Total	$	330		$	359		$	340		$	373		$	360		(3	)%	9	%	$	579		$	733		27	%
FX Translation Impact:
Total Revenue - as Reported	$	1,819		$	1,885		$	1,908		$	1,929		$	1,865		(3	)%	3	%	$	3,553		$	3,794		7	%
Impact of FX Translation (2)	9			(7		)	(17		)	(54		)	—							74			—
Total Revenues - Ex-FX (2)	$	1,828		$	1,878		$	1,891		$	1,875		$	1,865		(1	)%	2	%	$	3,627		$	3,794		5	%

Total Operating Expenses - as Reported	$	1,194		$	1,191		$	1,227		$	1,277		$	1,207		(5	)%	1	%	$	2,381		$	2,484		4	%
Impact of FX Translation (2)	9			—			(9		)	(29		)	—							60			—
Total Operating Expenses - Ex-FX (2)	$	1,203		$	1,191		$	1,218		$	1,248		$	1,207		(3	)%	—		$	2,441		$	2,484		2	%

Provisions for LLR & PBC - as Reported	$	129		$	148		$	166		$	143		$	177		24	%	37	%	$	301		$	320		6	%
Impact of FX Translation (2)	1			(2		)	(2		)	(5		)	—							7			—
Provisions for LLR & PBC - Ex-FX (2)	$	130		$	146		$	164		$	138		$	177		28	%	36	%	$	308		$	320		4	%

Net Income - as Reported	$	328		$	358		$	338		$	371		$	359		(3	)%	9	%	$	577		$	730		27	%
Impact of FX Translation (2)	1			(3		)	(4		)	(16		)	—							6			—
Net Income - Ex-FX (2)	$	329		$	355		$	334		$	355		$	359		1	%	9	%	$	583		$	730		25	%

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 2

																2Q18 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2017			2017			2017			2018			2018			1Q18		2Q17
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	379			282			278			277			273			(1	)%	(28	)%
Accounts (in millions)	16.3			16.2			16.0			15.9			15.9			—		(2	)%
Average Deposits	$	94.3		$	95.2		$	96.0		$	99.1		$	97.6		(2	)%	3	%
Investment Sales	$	9.6		$	11.8		$	10.7		$	12.5		$	9.5		(24	)%	(1	)%
Investment AUMs	$	62.0		$	64.8		$	68.5		$	69.0		$	68.5		(1	)%	10	%
Average Loans	$	66.5		$	67.4		$	68.8		$	70.7		$	69.9		(1	)%	5	%
EOP Loans:
Mortgages	$	32.5		$	32.6		$	33.3		$	33.4		$	32.0		(4	)%	(2	)%
Commercial Banking	15.7			15.8			16.8			17.2			17.2			—		10	%
Personal and Other	18.6			19.1			19.9			20.2			20.1			—		8	%
Total EOP Loans	$	66.8		$	67.5		$	70.0		$	70.8		$	69.3		(2	)%	4	%

Total Net Interest Revenue (in millions) (2)	$	669		$	690		$	695		$	708		$	716		1	%	7	%
As a % of Average Loans (2)	4.04		%	4.06		%	4.01		%	4.06		%	4.11		%
Net Credit Losses (in millions)	$	54		$	69		$	60		$	57		$	58		2	%	7	%
As a % of Average Loans	0.33		%	0.41		%	0.35		%	0.33		%	0.33		%
Loans 90+ Days Past Due (in millions)	$	172		$	171		$	186		$	181		$	189		4	%	10	%
As a % of EOP Loans	0.26		%	0.25		%	0.27		%	0.26		%	0.27		%
Loans 30-89 Days Past Due (in millions)	$	340		$	291		$	321		$	355		$	319		(10	)%	(6	)%
As a % of EOP Loans	0.51		%	0.43		%	0.46		%	0.50		%	0.46		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	15.7			15.6			15.5			15.3			15.3			—		(3	)%
Purchase Sales (in billions)	$	20.1		$	20.3		$	21.9		$	21.5		$	21.3		(1	)%	6	%
Average Loans (in billions) (3)	$	18.4		$	18.8		$	19.1		$	19.6		$	18.9		(4	)%	3	%
EOP Loans (in billions) (3)	$	18.8		$	18.8		$	19.8		$	19.2		$	18.8		(2	)%	—
Average Yield (4)	12.84		%	12.71		%	12.67		%	12.65		%	12.55		%	(1	)%	(2	)%

Total Net Interest Revenue (in millions) (5)	$	492		$	518		$	524		$	525		$	510		(3	)%	4	%
As a % of Average Loans (6)	10.73		%	10.93		%	10.88		%	10.86		%	10.82		%
Net Credit Losses (in millions)	$	103		$	101		$	102		$	105		$	112		7	%	9	%
As a % of Average Loans	2.25		%	2.13		%	2.12		%	2.17		%	2.38		%
Net Credit Margin (in millions) (6)	$	620		$	621		$	668		$	626		$	611		(2	)%	(1	)%
As a % of Average Loans (6)	13.52		%	13.11		%	13.88		%	12.95		%	12.97		%
Loans 90+ Days Past Due	$	193		$	191		$	199		$	198		$	192		(3	)%	(1	)%
As a % of EOP Loans	1.03		%	1.02		%	1.01		%	1.03		%	1.02		%
Loans 30-89 Days Past Due	$	251		$	254		$	259		$	260		$	260		—		4	%
As a % of EOP Loans	1.34		%	1.35		%	1.31		%	1.35		%	1.38		%

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

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

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

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

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

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

Reclassified to conform to the current period’s presentation.

INSTITUTIONAL CLIENTS GROUP

(In millions of dollars, except as otherwise noted)

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

Commissions and Fees	$	1,106		$	1,100		$	1,088		$	1,213		$	1,127		(7	)%	2	%	$	2,130		$	2,340		10	%
Administration and Other Fiduciary Fees	674			688			671			694			713			3	%	6	%	1,309			1,407			7	%
Investment Banking	1,243			1,163			1,145			985			1,246			26	%	—		2,353			2,231			(5	)%
Principal Transactions	2,151			1,827			1,303			2,884			2,358			(18	)%	10	%	4,882			5,242			7	%
Other(2)	246			704			228			418			154			(63	)%	(37	)%	247			572			NM
Total Non-Interest Revenue	5,420			5,482			4,435			6,194			5,598			(10	)%	3	%	10,921			11,792			8	%
Net Interest Revenue (including Dividends)	4,001			3,948			3,869			3,654			4,093			12	%	2	%	7,819			7,747			(1	)%
Total Revenues, Net of Interest Expense	9,421			9,430			8,304			9,848			9,691			(2	)%	3	%	18,740			19,539			4	%
Total Operating Expenses	5,227			5,138			4,912			5,503			5,458			(1	)%	4	%	10,365			10,961			6	%
Net Credit Losses	71			44			225			105			(1		)	NM		NM		96			104			8	%
Credit Reserve Build / (Release)	(15		)	(38		)	8			(175		)	32			NM		NM		(191		)	(143		)	25	%
Provision for Unfunded Lending Commitments	31			(170		)	34			29			(6		)	NM		NM		(23		)	23			NM
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims	87			(164		)	267			(41		)	25			NM		(71	)%	(118		)	(16		)	86	%
Income from Continuing Operations before Taxes	4,107			4,456			3,125			4,386			4,208			(4	)%	2	%	8,493			8,594			1	%
Income Taxes (3)	1,327			1,394			2,912			1,057			971			(8	)%	(27	)%	2,702			2,028			(25	)%
Income from Continuing Operations	2,780			3,062			213			3,329			3,237			(3	)%	16	%	5,791			6,566			13	%
Noncontrolling Interests	18			14			10			15			12			(20	)%	(33	)%	33			27			(18	)%
Net Income	$	2,762		$	3,048		$	203		$	3,314		$	3,225		(3	)%	17	%	$	5,758		$	6,539		14	%
EOP Assets (in billions)	$	1,353		$	1,370		$	1,336		$	1,407		$	1,397		(1	)%	3	%
Average Assets (in billions)	$	1,360		$	1,369		$	1,385		$	1,388		$	1,406		1	%	3	%	$	1,339		$	1,397		4	%
Return on Average Assets (ROA)	0.81		%	0.88		%	0.06		%	0.97		%	0.92		%					0.87		%	0.94		%
Efficiency Ratio	55		%	54		%	59		%	56		%	56		%					55		%	56		%

Revenue by Region
North America	$	3,646		$	3,709		$	3,046		$	3,265		$	3,511		8	%	(4	)%	$	7,168		$	6,776		(5	)%
EMEA	2,881			2,703			2,441			3,167			3,043			(4	)%	6	%	5,735			6,210			8	%
Latin America	1,086			1,099			1,031			1,210			1,162			(4	)%	7	%	2,255			2,372			5	%
Asia	1,808			1,919			1,786			2,206			1,975			(10	)%	9	%	3,582			4,181			17	%
Total Revenues, net of Interest Expense	$	9,421		$	9,430		$	8,304		$	9,848		$	9,691		(2	)%	3	%	$	18,740		$	19,539		4	%

Income (loss) from Continuing Operations by Region
North America	$	1,088		$	1,298		$	(1,108	)	$	857		$	1,028		20	%	(6	)%	$	2,165		$	1,885		(13	)%
EMEA	786			753			431			1,113			987			(11	)%	26	%	1,648			2,100			27	%
Latin America	341			388			333			491			514			5	%	51	%	823			1,005			22	%
Asia	565			623			557			868			708			(18	)%	25	%	1,155			1,576			36	%
Income from Continuing Operations	$	2,780		$	3,062		$	213		$	3,329		$	3,237		(3	)%	16	%	$	5,791		$	6,566		13	%

Average Loans by Region (in billions)
North America	$	150		$	152		$	157		$	160		$	165		3	%	10	%	$	148		$	162		9	%
EMEA	67			71			73			78			80			3	%	19	%	66			79			20	%
Latin America	35			34			33			34			33			(3	)%	(6	)%	35			34			(3	)%
Asia	61			64			65			67			68			1	%	11	%	59			68			15	%
Total	$	313		$	321		$	328		$	339		$	346		2	%	11	%	$	308		$	343		11	%

EOP Deposits by Region (in billions)
North America	$	280		$	290		$	296		$	295		$	308		5	%	10	%
EMEA	170			172			174			189			187			(1	)%	10	%
Latin America	27			26			25			26			26			(1	)%	(4	)%
Asia	147			152			145			156			155			(1	)%	5	%
Total	$	624		$	640		$	640		$	666		$	676		1	%	8	%

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	421		$	428		$	432		$	449		$	459		2	%	9	%
All Other ICG Businesses	203			212			208			217			217			—		7	%
Total	$	624		$	640		$	640		$	666		$	676		1	%	8	%

(1) See footnote 1 on page 1.

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

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

INSTITUTIONAL CLIENTS GROUP

REVENUES BY BUSINESS

(In millions of dollars, except as otherwise noted)

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

Revenue Details:
Investment Banking:
Advisory	$	318		$	240		$	316		$	215		$	361		68	%	14	%	$	567		$	576		2	%
Equity Underwriting	309			311			251			216			335			55	%	8	%	559			551			(1	)%
Debt Underwriting	908			729			726			699			726			4	%	(20	)%	1,671			1,425			(15	)%
Total Investment Banking	1,535			1,280			1,293			1,130			1,422			26	%	(7	)%	2,797			2,552			(9	)%
Treasury and Trade Solutions	2,106			2,185			2,236			2,268			2,336			3	%	11	%	4,214			4,604			9	%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	481			506			513			521			589			13	%	22	%	919			1,110			21	%
Private Bank	793			790			776			904			848			(6	)%	7	%	1,542			1,752			14	%
Total Banking Revenues (Ex-Gain/(Loss) on Loan Hedges) (1)	$	4,915		$	4,761		$	4,818		$	4,823		$	5,195		8	%	6	%	$	9,472		$	10,018		6	%

Corporate Lending — Gain/(Loss) on Loan Hedges (1)	9			(48		)	21			23			23			—		NM		(106		)	46			NM
Total Banking Revenues including G(L) on Loan Hedges (1)	$	4,924		$	4,713		$	4,839		$	4,846		$	5,218		8	%	6	%	$	9,366		$	10,064		7	%

Fixed Income Markets	$	3,274		$	2,936		$	2,463		$	3,418		$	3,076		(10	)%	(6	)%	$	6,952		$	6,494		(7	)%
Equity Markets	725			785			567			1,103			864			(22	)%	19	%	1,527			1,967			29	%
Securities Services	594			608			612			641			665			4	%	12	%	1,146			1,306			14	%
Other (2)	(96		)	388			(177		)	(160		)	(132		)	18	%	(38	)%	(251		)	(292		)	(16	)%
Total Markets and Securities Services	$	4,497		$	4,717		$	3,465		$	5,002		$	4,473		(11	)%	(1	)%	$	9,374		$	9,475		1	%

Total Revenues, net of Interest Expense	$	9,421		$	9,430		$	8,304		$	9,848		$	9,691		(2	)%	3	%	$	18,740		$	19,539		4	%

Taxable-equivalent adjustments (3)	$	177		$	176		$	174		$	96		$	96		—		(46	)%	$	366		$	192		(48	)%

Total ICG Revenues including taxable-equivalent adjustments (3)	$	9,598		$	9,606		$	8,478		$	9,944		$	9,787		(2	)%	2	%	$	19,106		$	19,731		3	%

Commissions and Fees	$	158		$	171		$	170		$	176		$	182		3	%	15	%	$	300		$	358		19	%
Principal Transactions (4)	1,935			1,592			1,108			2,184			2,108			(3	)%	9	%	4,295			4,292			—
Other	183			130			132			276			28			(90	)%	(85	)%	334			304			(9	)%
Total Non-Interest Revenue	$	2,276		$	1,893		$	1,410		$	2,636		$	2,318		(12	)%	2	%	$	4,929		$	4,954		1	%
Net Interest Revenue	998			1,043			1,053			782			758			(3	)%	(24	)%	2,023			1,540			(24	)%
Total Fixed Income Markets	$	3,274		$	2,936		$	2,463		$	3,418		$	3,076		(10	)%	(6	)%	$	6,952		$	6,494		(7	)%

Rates and Currencies	$	2,254		$	2,189		$	1,912		$	2,470		$	2,235		(10	)%	(1	)%	$	4,784		$	4,705		(2	)%
Spread Products / Other Fixed Income	1,020			747			551			948			841			(11	)%	(18	)%	2,168			1,789			(17	)%
Total Fixed Income Markets	$	3,274		$	2,936		$	2,463		$	3,418		$	3,076		(10	)%	(6	)%	$	6,952		$	6,494		(7	)%

Commissions and Fees	$	323		$	309		$	313		$	361		$	308		(15	)%	(5	)%	$	649		$	669		3	%
Principal Transactions (4)	(1		)	211			79			537			101			(81	)%	NM		188			638			NM
Other	(6		)	(5		)	9			80			20			(75	)%	NM		3			100			NM
Total Non-Interest Revenue	$	316		$	515		$	401		$	978		$	429		(56	)%	36	%	$	840		$	1,407		68	%
Net Interest Revenue	409			270			166			125			435			NM		6	%	687			560			(18	)%
Total Equity Markets	$	725		$	785		$	567		$	1,103		$	864		(22	)%	19	%	$	1,527		$	1,967		29	%

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

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

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

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

CORPORATE / OTHER (1)

(In millions of dollars, except as otherwise noted)

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

Net Interest Revenue	$	497		$	516		$	429		$	538		$	553		3	%	11	%	$	1,055		$	1,091
Non-interest revenue	164			3			322			53			(25		)	NM		NM		807			28
Total Revenues, Net of Interest Expense	661			519			751			591			528			(11	)%	(20	)%	1,862			1,119
Total Operating Expenses	996			827			857			741			599			(19	)%	(40	)%	2,130			1,340
Net Credit Losses	24			29			15			26			(21		)	NM		NM		105			5
Credit Reserve Build / (Release)	(154		)	(79		)	(49		)	(33		)	(95		)	NM		38	%	(189		)	(128		)
Provision for Benefits and Claims	—			—			(8		)	—			(1		)	NM		NM		1			(1		)
Provision for Unfunded Lending Commitments	(2		)	—			(3		)	—			(1		)	NM		50	%	3			(1		)
Total provisions for credit losses and for benefits and claims	(132		)	(50		)	(45		)	(7		)	(118		)	NM		11	%	(80		)	(125		)
Income from Continuing Operations before Taxes	(203		)	(258		)	(61		)	(143		)	47			NM		NM		(188		)	(96		)
Income Taxes (Benefits) (3)	(178		)	(163		)	19,499			(69		)	62			NM		NM		(272		)	(7		)
Income (Loss) from Continuing Operations	(25		)	(95		)	(19,560		)	(74		)	(15		)	80	%	40	%	84			(89		)
Income (Loss) from Discontinued Operations, net of taxes	21			(5		)	(109		)	(7		)	15			NM		(29	)%	3			8
Noncontrolling Interests	10			(17		)	7			5			13			NM		30	%	4			18
Net Income (Loss)	$	(14	)	$	(83	)	$	(19,676	)	$	(86	)	$	(13	)	85	%	7	%	$	83		$	(99	)
EOP Assets (in billions of dollars)	$	93		$	100		$	78		$	92		$	93		1	%	—
Average Assets (in billions of dollars)	$	95		$	102		$	102		$	93		$	94		1	%	(1	)%	$	99		$	94
Return on Average Assets	(0.06		)%	(0.32		)%	(76.53		)%	(0.38		)%	(0.06		)%					0.17		%	(0.21		)%
Efficiency Ratio	151		%	159		%	114		%	125		%	113		%					114		%	120		%

Corporate/Other Consumer Key Indicators:

Consumer - International

Branches (actual)	49			49			49			48			2			(96	)%	(96	)%
Average Loans (in billions)	$	1.9		$	1.9		$	1.7		$	1.7		$	1.1		(35	)%	(42	)%	$	2.0		$	1.4
EOP Loans (in billions)	$	1.8		$	1.7		$	1.6		$	1.7		$	—		(100	)%	(100	)%
Net Interest Revenue	$	80		$	63		$	74		$	88		$	64		(27	)%	(20	)%
As a % of Average Loans	16.89		%	13.16		%	17.27		%	20.99		%	23.34		%
Net Credit Losses	$	24		$	25		$	7		$	23		$	19		(17	)%	(21	)%	$	50		$	42
As a % of Average Loans	5.07		%	5.22		%	1.63		%	5.49		%	6.93		%					2.50		%	3.00		%
Loans 90+ Days Past Due	$	63		$	57		$	43		$	32		$	—		(100	)%	(100	)%
As a % of EOP Loans	3.50		%	3.35		%	2.69		%	1.88		%
Loans 30-89 Days Past Due	$	44		$	47		$	40		$	44		$	—		(100	)%	(100	)%
As a % of EOP Loans	2.44		%	2.76		%	2.50		%	2.59		%

Consumer - North America

Branches (actual)	—			—			—			—			—			—		—
Average Loans (in billions of dollars)	$	25.9		$	23.9		$	21.9		$	20.6		$	18.4		(11	)%	(29	)%	$	27.8		$	19.5
EOP Loans (in billions of dollars)	$	24.9		$	23.0		$	21.2		$	19.3		$	17.6		(9	)%	(29	)%
Net Interest Revenue	$	110		$	168		$	174		$	169		$	148		(12	)%	35	%
As a % of Average Loans	1.70		%	2.79		%	3.15		%	3.33		%	3.23		%
Net Credit Losses	$	(6	)	$	27		$	10		$	12		$	(39	)	NM		NM		$	37		$	(27	)
As a % of Average Loans	(0.09		)%	0.45		%	0.18		%	0.24		%	(0.85		)%					0.13		%	-0.14		%
Loans 90+ Days Past Due (3)	$	538		$	548		$	514		$	446		$	415		(7	)%	(23	)%
As a % of EOP Loans	2.28		%	2.51		%	2.56		%	2.42		%	2.49		%
Loans 30-89 Days Past Due (3)	$	510		$	596		$	502		$	349		$	355		2	%	(30	)%
As a % of EOP Loans	2.16		%	2.73		%	2.50		%	1.90		%	2.13		%

(1) Includes certain costs of global staff functions, other corporate expenses and certain global operations and technology expenses, Corporate Treasury, certain North America and International consumer loan portfolios, Discontinued operations and other legacy assets.

(2) See footnote 1 on page 1.

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

CORPORATE / OTHER

CONSUMER KEY INDICATORS - Continued

(In millions of dollars, except as otherwise noted)

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

North America Mortgages

Residential First	$	11.4		$	10.2		$	9.4		$	9.0		$	7.9		(12	)%	(31	)%
Home Equity	12.9			11.9			11.1			10.3			9.3			(10	)%	(28	)%
Average Loans (in billions of dollars)	$	24.3		$	22.1		$	20.5		$	19.3		$	17.2		(11	)%	(29	)%

Residential First	$	11.0		$	10.1		$	9.3		$	8.1		$	7.6		(6	)%	(31	)%
Home Equity	12.4			11.5			10.6			9.9			8.8			(11	)%	(29	)%
EOP Loans (in billions of dollars)	$	23.4		$	21.6		$	19.9		$	18.0		$	16.4		(9	)%	(30	)%

Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	14.9		$	12.6		$	12.1		$	11.6		$	11.0		(5	)%	(26	)%
Net Servicing & Gain/(Loss) on Sale	$	29.5		$	20.8		$	23.5		$	8.5		$	18.1		NM		(39	)%
Net Interest Revenue	$	60		$	77		$	78		$	88		$	80		(9	)%	33	%
As a % of Avg. Loans	0.99		%	1.38		%	1.51		%	1.85		%	1.87		%

Residential First	$	(26	)	$	1		$	(1	)	$	3		$	2		(33	)%	NM
Home Equity	14			23			8			7			(42		)	NM		NM
Net Credit Losses (NCLs)	$	(12	)	$	24		$	7		$	10		$	(40	)	NM		NM
As a % of Avg. Loans	(0.20		)%	0.43		%	0.14		%	0.21		%	(0.93		)%

Residential First	$	175		$	194		$	173		$	142		$	141		(1	)%	(19	)%
Home Equity	356			346			334			298			269			(10	)%	(24	)%
Loans 90+ Days Past Due (1)	$	531		$	540		$	507		$	440		$	410		(7	)%	(23	)%
As a % of EOP Loans	2.40		%	2.65		%	2.70		%	2.57		%	2.65		%

Residential First	$	290		$	365		$	284		$	184		$	197		7	%	(32	)%
Home Equity	197			209			195			148			141			(5	)%	(28	)%
Loans 30-89 Days Past Due (1)	$	487		$	574		$	479		$	332		$	338		2	%	(31	)%
As a % of EOP Loans	2.20		%	2.81		%	2.55		%	1.94		%	2.18		%

(1) The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.

The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) for each period were $0.7 billion and ($1.3 billion), $0.7 billion and ($1.2 billion), $0.6 billion and ($1.1 billion), $0.5 billion and ($0.9 billion), and $0.4 billion and ($0.9 billion) as of June 30, 2017, September 30, 2017, December 31, 2017, March 31, 2018 and June 30, 2018, respectively.

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

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

Taxable Equivalent Basis

	Average Volumes						Interest						% Average Rate (4)
	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	2017		2018		2018		2017		2018		2018		2017		2018		2018
Assets:
Deposits with Banks	$	166,023	$	170,867	$	176,151	$	375	$	432	$	493	0.91	%	1.03	%	1.12	%
Fed Funds Sold and Resale Agreements (6)	249,263		254,277		271,371		829		1,039		1,336		1.33	%	1.66	%	1.97	%
Trading Account Assets (7)	203,661		216,161		210,631		1,523		1,381		1,773		3.00	%	2.59	%	3.38	%
Investments	349,245		352,245		347,787		2,113		2,271		2,408		2.43	%	2.61	%	2.78	%
Total Loans (net of Unearned Income) (8)	634,328		667,925		669,744		10,318		10,909		11,209		6.52	%	6.62	%	6.71	%
Other Interest-Earning Assets	60,107		66,761		69,341		258		364		394		1.72	%	2.21	%	2.28	%
Total Average Interest-Earning Assets	$	1,662,627	$	1,728,236	$	1,745,025	$	15,416	$	16,396	$	17,613	3.72	%	3.85	%	4.05	%

Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	751,565	$	769,771	$	785,620	$	1,274	$	1,621	$	1,925	0.68	%	0.85	%	0.98	%
Deposit Insurance and FDIC Assessment	—		—		—		329		376		319
Total Deposits	751,565		769,771		785,620		1,603		1,997		2,244		0.86	%	1.05	%	1.15	%
Fed Funds Purchased and Repurchase Agreements (6)	160,977		164,465		171,073		676		949		1,224		1.68	%	2.34	%	2.87	%
Trading Account Liabilities (7)	91,018		91,721		97,151		146		215		236		0.64	%	0.95	%	0.97	%
Short-Term Borrowings	91,556		112,684		108,192		202		471		523		0.88	%	1.70	%	1.94	%
Long-Term Debt (9)	192,144		204,277		203,271		1,409		1,528		1,658		2.94	%	3.03	%	3.27	%
Total Average Interest-Bearing Liabilities	$	1,287,260	$	1,342,918	$	1,365,307	$	4,036	$	5,160	$	5,885	1.26	%	1.56	%	1.73	%
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment)	$	1,287,260	$	1,342,918	$	1,365,307	$	3,707	$	4,784	$	5,566	1.16	%	1.44	%	1.64	%

Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,380	$	11,236	$	11,728	2.75	%	2.64	%	2.70	%

NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	11,709	$	11,612	$	12,047	2.82	%	2.72	%	2.77	%

2Q18 Increase (Decrease) From													(5	)bps	6	bps

2Q18 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													(5	)bps	5	bps

(1) Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rates of 21% in 2018 and 35% in 2017) of $122 million for the second quarter of 2017, $64 million for the first quarter of 2018 and $63 million for the second quarter of 2018.

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

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

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

(5) Preliminary.

(6) Average volumes of securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase are reported net pursuant to FIN 41; the related interest excludes the impact of ASU 2013-01 (Topic 210).

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

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

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

Reclassified to conform to the current period’s presentation.

DEPOSITS

(In billions of dollars)

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

Global Consumer Banking
North America	$	185.2		$	185.1		$	182.5		$	184.3		$	181.7	(1	)%	(2	)%
Latin America	28.7			28.3			27.1			29.6			28.4		(4	)%	(1	)%
Asia (1)	95.4			96.6			97.7			100.5			97.8		(3	)%	3	%
Total	$	309.3		$	310.0		$	307.3		$	314.4		$	307.9	(2	)%	—

ICG
North America	$	280.0		$	290.2		$	295.9		$	294.8		$	308.1	5	%	10	%
EMEA	169.8			171.7			173.7			188.8			187.1		(1	)%	10	%
Latin America	26.9			25.8			25.4			26.1			25.9		(1	)%	(4	)%
Asia	146.9			151.9			144.5			156.3			154.5		(1	)%	5	%
Total	$	623.6		$	639.6		$	639.5		$	666.0		$	675.6	1	%	8	%

Corporate/Other	$	25.8		$	14.4		$	13.0		$	20.8		$	13.2	(37	)%	(49	)%

Total Deposits - EOP	$	958.7		$	964.0		$	959.8		$	1,001.2		$	996.7	—		4	%

Total Deposits - Average	$	960.0		$	965.9		$	973.3		$	981.9		$	986.2	—		3	%

Foreign Currency (FX) Translation Impact:
Total EOP Deposits - as Reported	$	958.7		$	964.0		$	959.8		$	1,001.2		$	996.7	—		4	%
Impact of FX Translation (2)	(4.6		)	(8.4		)	(9.9		)	(17.7		)	—
Total EOP Deposits - Ex-FX (2)	$	954.1		$	955.6		$	949.9		$	983.5		$	996.7	1	%	4	%

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

(2) Reflects the impact of FX translation into U.S. Dollars at the second quarter of 2018 exchange rates for all periods presented.

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

Reclassified to conform to the current period’s presentation.

EOP LOANS

(In billions of dollars)

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

Global Consumer Banking

North America
Credit Cards	$	130.8		$	132.2		$	139.7		$	131.7		$	136.7	4	%	5	%
Retail Banking	55.6			55.7			56.0			55.4			55.7		1	%	—
Total	$	186.4		$	187.9		$	195.7		$	187.1		$	192.4	3	%	3	%

Latin America
Credit Cards	$	5.5		$	5.6		$	5.4		$	5.7		$	5.4	(5	)%	(2	)%
Retail Banking	21.0			21.0			19.9			21.2			20.1		(5	)%	(4	)%
Total	$	26.5		$	26.6		$	25.3		$	26.9		$	25.5	(5	)%	(4	)%

Asia (1)
Credit Cards	$	18.8		$	18.8		$	19.8		$	19.2		$	18.8	(2	)%	—
Retail Banking	66.8			67.5			70.0			70.8			69.3		(2	)%	4	%
Total	$	85.6		$	86.3		$	89.8		$	90.0		$	88.1	(2	)%	3	%

Total GCB Consumer Loans
Credit Cards	$	155.1		$	156.6		$	164.9		$	156.6		$	160.9	3	%	4	%
Retail Banking	143.4			144.2			145.9			147.4			145.1		(2	)%	1	%
Total GCB	$	298.5		$	300.8		$	310.8		$	304.0		$	306.0	1	%	3	%

Corporate/Other - Consumer:

North America
Mortgages	$	23.4		$	21.6		$	19.9		$	18.0		$	16.4	(9	)%	(30	)%
Other	1.5			1.4			1.3			1.3			1.2		(8	)%	(20	)%
Total	$	24.9		$	23.0		$	21.2		$	19.3		$	17.6	(9	)%	(29	)%

International	$	1.8		$	1.7		$	1.6		$	1.7		$	—	(100	)%	(100	)%

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

Total Corporate/Other - Consumer	$	26.8		$	24.8		$	22.9		$	21.1		$	17.6	(17	)%	(34	)%

Total Consumer Loans	$	325.3		$	325.6		$	333.7		$	325.1		$	323.6	—		(1	)%

Corporate Loans - By Region
North America	$	151.8		$	155.7		$	159.2		$	163.0		$	165.4	1	%	9	%
EMEA	71.3			72.8			74.4			82.1			82.9		1	%	16	%
Latin America	34.1			33.7			33.5			33.8			32.3		(4	)%	(5	)%
Asia	62.2			65.4			66.3			69.0			66.9		(3	)%	8	%
Total Corporate Loans	$	319.4		$	327.6		$	333.4		$	347.9		$	347.5	—		9	%

Corporate Loans - By Product
Corporate Lending	$	121.3		$	123.0		$	126.4		$	134.6		$	130.5	(3	)%	8	%
Private Bank	81.1			84.4			87.4			90.1			92.3		2	%	14	%
Treasury and Trade Solutions	76.8			78.5			79.6			81.9			79.7		(3	)%	4	%
Markets and Securities Services	40.2			41.7			40.0			41.3			45.0		9	%	12	%
Total Corporate Loans	$	319.4		$	327.6		$	333.4		$	347.9		$	347.5	—		9	%

Total Loans	$	644.7		$	653.2		$	667.0		$	672.9		$	671.2	—		4	%

Foreign Currency (FX) Translation Impact:
Total EOP Loans - as Reported	$	644.7		$	653.2		$	667.0		$	672.9		$	671.2	—		4	%
Impact of FX Translation (2)	(4.1		)	(5.9		)	(6.3		)	(10.7		)	—
Total EOP Loans - Ex-FX (2)	$	640.6		$	647.3		$	660.7		$	662.2		$	671.2	1	%	5	%

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

(2) Reflects the impact of FX translation into U.S. Dollars at the second quarter of 2018 exchange rates for all periods presented.

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

Reclassified to conform to the current period’s presentation.

SUPPLEMENTAL DETAIL

CONSUMER LOANS 90+ DAYS DELINQUENCY AMOUNTS AND RATIOS

BUSINESS VIEW

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

	Loans 90+ Days Past Due (1)															EOP Loans
	2Q			3Q			4Q			1Q			2Q			2Q
	2017			2017			2017			2018			2018			2018

GCB (2)
Total	$	2,183		$	2,279		$	2,478		$	2,379		$	2,345		$	306.0
*Ratio*	0.73		%	0.76		%	0.80		%	0.78		%	0.77		%

Retail Bank (2)
Total	$	477		$	489		$	515		$	493		$	500		$	145.1
Ratio	0.33		%	0.34		%	0.35		%	0.34		%	0.35		%
North America (2)	$	155		$	167		$	199		$	184		$	179		$	55.7
Ratio	0.28		%	0.30		%	0.36		%	0.34		%	0.33		%
Latin America	$	150		$	151		$	130		$	128		$	132		$	20.1
Ratio	0.71		%	0.72		%	0.65		%	0.60		%	0.66		%
Asia (3)	$	172		$	171		$	186		$	181		$	189		$	69.3
Ratio	0.26		%	0.25		%	0.27		%	0.26		%	0.27		%

Cards
Total	$	1,706		$	1,790		$	1,963		$	1,886		$	1,845		$	160.9
Ratio	1.10		%	1.14		%	1.19		%	1.20		%	1.15		%
North America - Citi-Branded	$	659		$	668		$	768		$	731		$	712		$	88.1
Ratio	0.77		%	0.77		%	0.85		%	0.85		%	0.81		%
North America - Retail Services	$	693		$	772		$	845		$	797		$	781		$	48.6
Ratio	1.53		%	1.68		%	1.72		%	1.73		%	1.61		%
Latin America	$	161		$	159		$	151		$	160		$	160		$	5.4
Ratio	2.93		%	2.84		%	2.80		%	2.81		%	2.96		%
Asia (3)	$	193		$	191		$	199		$	198		$	192		$	18.8
Ratio	1.03		%	1.02		%	1.01		%	1.03		%	1.02		%

Corporate/Other - Consumer (2)	$	601		$	605		$	557		$	478		$	415		$	17.6
*Ratio*	2.37		%	2.57		%	2.57		%	2.38		%	2.49		%
International	$	63		$	57		$	43		$	32		$	—		$	—
Ratio	3.50		%	3.35		%	2.69		%	1.88		%
North America (2)	$	538		$	548		$	514		$	446		$	415		$	17.6
Ratio	2.28		%	2.51		%	2.56		%	2.42		%	2.49		%

Total Citigroup (2)	$	2,784		$	2,884		$	3,035		$	2,857		$	2,760		$	323.6
Ratio	0.86		%	0.89		%	0.91		%	0.88		%	0.86		%

(1) The ratio of 90+ Days Past Due is calculated based on end-of-period loans, net of unearned income.

(2) The 90+ Days Past Due and related ratios for North America Retail Banking and Corporate/Other North America exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 2 on page 9 and footnote 1 on page 18.

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

Reclassified to conform to the current period’s presentation.

SUPPLEMENTAL DETAIL

CONSUMER LOANS 30-89 DAYS DELINQUENCY AMOUNTS AND RATIOS

BUSINESS VIEW

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

	Loans 30-89 Days Past Due (1)															EOP Loans
	2Q			3Q			4Q			1Q			2Q			2Q
	2017			2017			2017			2018			2018			2018

GCB (2)
Total	$	2,498		$	2,763		$	2,762		$	2,710		$	2,558		$	306.0
*Ratio*	0.84		%	0.92		%	0.89		%	0.89		%	0.84		%

Retail Bank (2)
Total	$	747		$	805		$	822		$	830		$	754		$	145.1
Ratio	0.52		%	0.56		%	0.57		%	0.57		%	0.52		%
North America (2)	$	191		$	270		$	306		$	227		$	252		$	55.7
Ratio	0.35		%	0.49		%	0.55		%	0.41		%	0.46		%
Latin America	$	216		$	244		$	195		$	248		$	183		$	20.1
Ratio	1.03		%	1.16		%	0.98		%	1.17		%	0.91		%
Asia (3)	$	340		$	291		$	321		$	355		$	319		$	69.3
Ratio	0.51		%	0.43		%	0.46		%	0.50		%	0.46		%

Cards
Total	$	1,751		$	1,958		$	1,940		$	1,880		$	1,804		$	160.9
Ratio	1.13		%	1.25		%	1.18		%	1.20		%	1.12		%
North America - Citi-Branded	$	619		$	705		$	698		$	669		$	627		$	88.1
Ratio	0.72		%	0.82		%	0.77		%	0.78		%	0.71		%
North America - Retail Services	$	730		$	836		$	830		$	791		$	761		$	48.6
Ratio	1.62		%	1.82		%	1.69		%	1.72		%	1.57		%
Latin America	$	151		$	163		$	153		$	160		$	156		$	5.4
Ratio	2.75		%	2.91		%	2.83		%	2.81		%	2.89		%
Asia (3)	$	251		$	254		$	259		$	260		$	260		$	18.8
Ratio	1.34		%	1.35		%	1.31		%	1.35		%	1.38		%

Corporate/Other - Consumer (2)	$	554		$	643		$	542		$	393		$	355		$	17.6
*Ratio*	2.18		%	2.74		%	2.50		%	1.96		%	2.13		%
International	$	44		$	47		$	40		$	44		$	—		$	—
Ratio	2.44		%	2.76		%	2.50		%	2.59		%
North America (2)	$	510		$	596		$	502		$	349		$	355		$	17.6
Ratio	2.16		%	2.73		%	2.50		%	1.90		%	2.13		%

Total Citigroup (2)	$	3,052		$	3,406		$	3,304		$	3,103		$	2,913		$	323.6
Ratio	0.94		%	1.05		%	1.00		%	0.96		%	0.90		%

(1) The ratio of 30-89 Days Past Due is calculated based on end-of-period loans, net of unearned income.

(2) The 30-89 Days Past Due and related ratios for North America Retail Banking and Corporate/Other North America exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 2 on page 9 and footnote 1 on page 18.

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

Reclassified to conform to the current period’s presentation.

ALLOWANCE FOR CREDIT LOSSES - PAGE 1

(In millions of dollars)

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

Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	12,030		$	12,025		$	12,366		$	12,355		$	12,354						$	12,060		$	12,355

Gross Credit (Losses)	(2,130		)	(2,120		)	(2,279		)	(2,296		)	(2,109		)	8	%	1	%	(4,274		)	(4,405		)	(3	)%
Gross Recoveries	420			343			399			429			405			(6	)%	(4	)%	855			834			(2	)%
Net Credit (Losses) / Recoveries (NCLs)	(1,710		)	(1,777		)	(1,880		)	(1,867		)	(1,704		)	9	%	—		(3,419		)	(3,571		)	(4	)%
NCLs	1,710			1,777			1,880			1,867			1,704			(9	)%	—		3,419			3,571			4	%
Net Reserve Builds / (Releases)	67			419			78			102			31			(70	)%	(54	)%	47			133			NM
Net Specific Reserve Builds / (Releases)	(111		)	(50		)	58			(166		)	60			NM		NM		(125		)	(106		)	15	%
Provision for Loan Losses	1,666			2,146			2,016			1,803			1,795			—		8	%	3,341			3,598			8	%
Other (2) (3) (4) (5) (6) (7)	39			(28		)	(147		)	63			(319		)	NM		NM		43			(256		)
Allowance for Loan Losses at End of Period (1) (a)	$	12,025		$	12,366		$	12,355		$	12,354		$	12,126						$	12,025		$	12,126

Allowance for Unfunded Lending Commitments (8) (a)	$	1,406		$	1,232		$	1,258		$	1,290		$	1,278						$	1,406		$	1,278

Provision for Unfunded Lending Commitments	$	28		$	(175	)	$	29		$	28		$	(4	)					$	(15	)	$	24

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	13,431		$	13,598		$	13,613		$	13,644		$	13,404						$	13,431		$	13,404

Total Allowance for Loan Losses as a Percentage of Total Loans (9) (10)	1.88		%	1.91		%	1.87		%	1.85		%	1.81		%

Consumer:
Allowance for Loan Losses at Beginning of Period (1)	$	9,495		$	9,515		$	9,892		$	9,869		$	10,039						$	9,358		$	9,869

Net Credit Losses (NCLs)	(1,633		)	(1,734		)	(1,658		)	(1,771		)	(1,706		)	4	%	(4	)%	(3,305		)	(3,477		)	(5	)%
NCLs	1,633			1,734			1,658			1,771			1,706			(4	)%	4	%	3,305			3,477			5	%
Net Reserve Builds / (Releases)	71			479			115			121			61			(50	)%	(14	)%	217			182			(16	)%
Net Specific Reserve Builds / (Releases)	(84		)	(71		)	12			(11		)	(3		)	73	%	96	%	(86		)	(14		)	84	%
Provision for Loan Losses	1,620			2,142			1,785			1,881			1,764			(6	)%	9	%	3,436			3,645			6	%
Other (2) (3) (4) (5) (6) (7)	33			(31		)	(150		)	60			(301		)	NM		NM		26			(241		)	NM
Allowance for Loan Losses at End of Period (1) (b)	$	9,515		$	9,892		$	9,869		$	10,039		$	9,796						$	9,515		$	9,796
Consumer Allowance for Unfunded Lending Commitments (8) (b)	$	40		$	35		$	33		$	32		$	34						$	40		$	34
Provision for Unfunded Lending Commitments	$	(1	)	$	(5	)	$	(2	)	$	(1	)	$	3						$	5		$	2

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	9,555		$	9,927		$	9,902		$	10,071		$	9,830						$	9,555		$	9,830

Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (9)	2.93		%	3.04		%	2.96		%	3.09		%	3.03		%

Corporate
Allowance for Loan Losses at Beginning of Period (1)	$	2,535		$	2,510		$	2,474		$	2,486		$	2,315						$	2,702		$	2,486

Net Credit (Losses) / Recoveries (NCL’s)	(77		)	(43		)	(222		)	(96		)	2			NM		NM		(114		)	(94		)	18	%
NCLs	77			43			222			96			(2		)	NM		NM		114			94			(18	)%
Net Reserve Builds / (Releases)	(4		)	(60		)	(37		)	(19)			(30		)	(58	)%	NM		(170		)	(49		)	71	%
Net Specific Reserve Builds / (Releases)	(27		)	21			46			(155		)	63			NM		NM		(39		)	(92		)	NM
Provision for Loan Losses	46			4			231			(78		)	31			NM		(33	)%	(95		)	(47		)	51	%
Other (2)	6			3			3			3			(18		)					17			(15		)
Allowance for Loan Losses at End of Period (1) (c)	$	2,510		$	2,474		$	2,486		$	2,315		$	2,330						$	2,510		$	2,330

Corporate Allowance for Unfunded Lending Commitments (8) (c)	$	1,366		$	1,197		$	1,225		$	1,258		$	1,244						$	1,366		$	1,244

Provision for Unfunded Lending Commitments	$	29		$	(170	)	$	31		$	29		$	(7	)					$	(20	)	$	22

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (c)]	$	3,876		$	3,671		$	3,711		$	3,573		$	3,574						$	3,876		$	3,574

Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (10)	0.80		%	0.77		%	0.76		%	0.67		%	0.68		%

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

ALLOWANCE FOR CREDIT LOSSES - PAGE 2

The following footnotes relate to the tables on the prior page (page 24).

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

(2) Includes all adjustments to the allowance for credit losses, such as changes in the allowance from acquisitions, dispositions, securitizations, foreign currency translation (FX translation), purchase accounting adjustments, etc.

(3) The second quarter of 2017 includes a reduction of approximately $19 million related to the sale or transfers to Held-For-Sale (HFS) of various loan portfolios, including a reduction of $19 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the second quarter includes an increase of approximately $50 million related to FX translation.

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

(5) The fourth quarter of 2017 includes a reduction of approximately $47 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $22 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the fourth quarter includes a decrease of approximately $106 million related to FX translation.

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

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

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

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

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

COMPONENTS OF PROVISION FOR LOAN LOSSES

(In millions of dollars)

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

Global Consumer Banking
Net Credit Losses	$	1,615		$	1,704		$	1,640		$	1,736		$	1,726		(1	)%	7	%	$	3,218		$	3,462		8	%
Credit Reserve Build / (Release)	125			486			177			144			154			7	%	23	%	302			298			(1	)%
North America
Net Credit Losses	1,181			1,239			1,186			1,296			1,278			(1	)%	8	%	2,371			2,574			9	%
Credit Reserve Build / (Release)	101			463			153			123			115			(7	)%	14	%	253			238			(6	)%
Retail Banking
Net Credit Losses	39			88			30			43			32			(26	)%	(18	)%	76			75			(1	)%
Credit Reserve Build / (Release)	(7		)	(47		)	3			(20		)	(6		)	70	%	14	%	—			(26		)	NM
Citi-Branded Cards
Net Credit Losses	611			611			592			651			657			1	%	8	%	1,244			1,308			5	%
Credit Reserve Build / (Release)	26			192			87			75			51			(32	)%	96	%	118			126			7	%
Citi Retail Services
Net Credit Losses	531			540			564			602			589			(2	)%	11	%	1,051			1,191			13	%
Credit Reserve Build / (Release)	82			318			63			68			70			3	%	(15	)%	135			138			2	%
Latin America
Net Credit Losses	277			295			292			278			278			—		—		530			556			5	%
Credit Reserve Build / (Release)	50			44			19			42			33			(21	)%	(34	)%	62			75			21	%
Retail Banking
Net Credit Losses	151			143			153			132			138			5	%	(9	)%	288			270			(6	)%
Credit Reserve Build / (Release)	27			13			(5		)	10			9			(10	)%	(67	)%	41			19			(54	)%
Citi-Branded Cards
Net Credit Losses	126			152			139			146			140			(4	)%	11	%	242			286			18	%
Credit Reserve Build / (Release)	23			31			24			32			24			(25	)%	4	%	21			56			NM
Asia (1)
Net Credit Losses	157			170			162			162			170			5	%	8	%	317			332			5	%
Credit Reserve Build / (Release)	(26		)	(21		)	5			(21		)	6			NM		NM		(13		)	(15		)	(15	)%
Retail Banking
Net Credit Losses	54			69			60			57			58			2	%	7	%	116			115			(1	)%
Credit Reserve Build / (Release)	(9		)	(23		)	6			(13		)	5			NM		NM		(15		)	(8		)	47	%
Citi-Branded Cards
Net Credit Losses	103			101			102			105			112			7	%	9	%	201			217			8	%
Credit Reserve Build / (Release)	(17		)	2			(1		)	(8		)	1			NM		NM		2			(7		)	NM

Institutional Clients Group (ICG)
Net Credit Losses	71			44			225			105			(1		)	(101	)%	NM		96			104			8	%
Credit Reserve Build / (Release)	(15		)	(38		)	8			(175		)	32			NM		NM		(191		)	(143		)	25	%

Corporate / Other
Net Credit Losses	24			29			15			26			(21		)	NM		NM		105			5			(95	)%
Credit Reserve Build / (Release)	(154		)	(79		)	(49		)	(33		)	(95		)	NM		38	%	(189		)	(128		)	32	%

Total Provision for Loan Losses	$	1,666		$	2,146		$	2,016		$	1,803		$	1,795		—		8	%	$	3,341		$	3,598		8	%

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

NON-ACCRUAL ASSETS

(In millions of dollars)

																2Q18 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2017			2017			2017			2018			2018			1Q18		2Q17
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region
North America	$	944		$	915		$	784		$	817		$	784		(4	)%	(17	)%
EMEA	727			681			849			561			391			(30	)%	(46	)%
Latin America	281			312			280			263			204			(22	)%	(27	)%
Asia	146			146			29			27			244			NM		67	%
Total	$	2,098		$	2,054		$	1,942		$	1,668		$	1,623		(3	)%	(23	)%

Consumer Non-Accrual Loans By Region (2)
North America	$	1,754		$	1,721		$	1,650		$	1,500		$	1,373		(8	)%	(22	)%
Latin America	793			791			756			791			726			(8	)%	(8	)%
Asia (3)	301			271			284			284			284			—		(6	)%
Total	$	2,848		$	2,783		$	2,690		$	2,575		$	2,383		(7	)%	(16	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

Institutional Clients Group	$	24		$	44		$	37		$	19		$	23		21	%	(4	)%
Global Consumer Banking	29			34			26			28			23			(18	)%	(21	)%
Corporate/Other	115			65			81			67			55			(18	)%	(52	)%
TOTAL OTHER REAL ESTATE OWNED (OREO) (4)	$	168		$	143		$	144		$	114		$	101		(11	)%	(40	)%

OREO By Region:
North America	$	128		$	97		$	89		$	70		$	66		(6	)%	(48	)%
EMEA	1			1			2			—			1			100	%	—
Latin America	31			30			35			29			24			(17	)%	(23	)%
Asia	8			15			18			15			10			(33	)%	25	%
Total	$	168		$	143		$	144		$	114		$	101		(11	)%	(40	)%

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

Non-Accrual Assets (NAA) (5)
Corporate Non-Accrual Loans	$	2,098		$	2,054		$	1,942		$	1,668		$	1,623		(3	)%	(23	)%
Consumer Non-Accrual Loans	2,848			2,783			2,690			2,575			2,383			(7	)%	(16	)%
Non-Accrual Loans (NAL)	4,946			4,837			4,632			4,243			4,006			(6	)%	(19	)%
OREO	168			143			144			114			101			(11	)%	(40	)%
Other Repossessed Assets	—			—			—			—			—			—		—
Non-Accrual Assets (NAA)	$	5,114		$	4,980		$	4,776		$	4,357		$	4,107		(6	)%	(20	)%

NAL as a % of Total Loans	0.77		%	0.74		%	0.69		%	0.63		%	0.60		%
NAA as a % of Total Assets	0.27		%	0.26		%	0.26		%	0.23		%	0.21		%

Allowance for Loan Losses as a % of NAL	243		%	256		%	267		%	291		%	303		%

(1) Corporate loans are placed on non-accrual status based upon a review by Citigroup’s risk officers. Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for Consumer loans: Consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due; residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency. As such, the non-accrual loan disclosures do not include credit card loans.

(2) Excludes SOP 03-3 purchased distressed loans.

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

(4) Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral. Also includes former premises and property for use that is no longer contemplated.

(5) There is no industry-wide definition of non-accrual assets. As such, analysis against the industry is not always comparable.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

CITIGROUP

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

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

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

Citigroup Common Stockholders’ Equity(5)	$	210,950		$	208,565		$	181,671		$	182,943		$	181,243
Add: Qualifying noncontrolling interests	143			144			153			140			145
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(6)	(445		)	(437		)	(698		)	(920		)	(1,021		)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(7)	(291		)	(416		)	(721		)	(498		)	(162		)
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(8)	21,589			21,532			22,052			22,482			21,809
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	4,587			4,410			4,401			4,209			4,461
Defined benefit pension plan net assets	796			720			896			871			882
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	20,832			20,068			13,072			12,811			12,551
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(9)	8,851			9,298			—			—			—
Common Equity Tier 1 Capital (CET1)	$	155,174		$	153,534		$	142,822		$	144,128		$	142,868
Risk-Weighted Assets (RWA)	$	1,188,167		$	1,182,918		$	1,155,099		$	1,195,981		$	1,176,570
Common Equity Tier 1 Capital Ratio (CET1/RWA)	13.06		%	12.98		%	12.36		%	12.05		%	12.1		%

Supplementary Leverage Ratio and Components

Common Equity Tier 1 Capital (CET1)	$	155,174		$	153,534		$	142,822		$	144,128		$	142,868
Additional Tier 1 Capital (AT1)(10)	19,955			19,315			19,555			19,362			19,098
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	175,129		$	172,849		$	162,377		$	163,490		$	161,966
Total Leverage Exposure (TLE)	$	2,418,658		$	2,430,582		$	2,432,491		$	2,436,817		$	2,453,314
Supplementary Leverage Ratio (T1C/TLE)	7.24		%	7.11		%	6.68		%	6.71		%	6.6		%

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

Common Stockholders’ Equity	$	210,766		$	208,381		$	181,487		$	182,759		$	181,059
Less:
Goodwill	22,349			22,345			22,256			22,659			22,058
Intangible assets (other than MSRs)	4,887			4,732			4,588			4,450			4,729
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS	120			48			32			48			32
Tangible Common Equity (TCE)	$	183,410		$	181,256		$	154,611		$	155,602		$	154,240
Common Shares Outstanding (CSO)	2,724.6			2,644.0			2,569.9			2,549.9			2,516.6
Book Value Per Share (Common Equity/CSO)	$	77.36		$	78.81		$	70.62		$	71.67		$	71.95
Tangible Book Value Per Share (TCE/CSO)	$	67.32		$	68.55		$	60.16		$	61.02		$	61.29

(1) See footnote 2 on page 1.

(2) Not used.

(3) See footnote 1 on page 1.

(4) Preliminary.

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

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

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

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

(9) Assets subject to 10%/15% limitations include MSRs, DTAs arising from temporary differences and significant common stock investments in unconsolidated financial institutions. For periods presented prior to December 31, 2017, the deduction related only to DTAs arising from temporary differences that exceeded the 10% limitation.

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

Reclassified to conform to the current period’s presentation.

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

Attached files