CITIGROUP INC - FORM 8-K - EX-99.2

Attached files

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EX-99.1 - EX-99.1 - CITIGROUP INC	a19-2779_1ex99d1.htm
8-K - 8-K - CITIGROUP INC	a19-2779_18k.htm

Exhibit 99.2

CITIGROUP - QUARTERLY FINANCIAL DATA SUPPLEMENT

4Q18

	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 (EOP)	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)

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

Total Revenues, Net of Interest Expense	$	17,504		$	18,872		$	18,469		$	18,389		$	17,124		(7	)%	(2	)%	$	72,444		$	72,854		1	%
Total Operating Expenses	10,332			10,925			10,712			10,311			9,893			(4	)%	(4	)%	42,232			41,841			(1	)%
Net Credit Losses (NCLs)	1,880			1,867			1,704			1,756			1,786			2	%	(5	)%	7,076			7,113			1	%
Credit Reserve Build / (Release)	136			(64		)	91			150			64			(57	)%	(53	)%	427			241			(44	)%
Provision / (Release) for Unfunded Lending Commitments	29			28			(4		)	42			47			12	%	62	%	(161		)	113			NM
Provision for Benefits and Claims	28			26			21			26			28			8	%	—		109			101			(7	)%
Provisions for Credit Losses and for Benefits and Claims	$	2,073		$	1,857		$	1,812		$	1,974		$	1,925		(2	)%	(7	)%	$	7,451		$	7,568		2	%
Income from Continuing Operations before Income Taxes	$	5,099		$	6,090		$	5,945		$	6,104		$	5,306		(13	)%	4	%	$	22,761		$	23,445		3	%
Income Taxes (Benefits)(1)	23,864			1,441			1,444			1,471			1,001			(32	)%	(96	)%	29,388			5,357			(82	)%
Income (Loss) from Continuing Operations	$	(18,765	)	$	4,649		$	4,501		$	4,633		$	4,305		(7	)%	NM		$	(6,627	)	$	18,088		NM
Income (Loss) from Discontinued Operations, net of Taxes	(109		)	(7		)	15			(8		)	(8		)	—		93	%	(111		)	(8		)	93	%
Net Income (Loss) before Noncontrolling Interests	$	(18,874	)	$	4,642		$	4,516		$	4,625		$	4,297		(7	)%	NM		$	(6,738	)	$	18,080		NM
Net Income Attributable to Noncontrolling Interests	19			22			26			3			(16		)	NM		NM		60			35			(42	)%
Citigroup’s Net Income (Loss)	$	(18,893	)	$	4,620		$	4,490		$	4,622		$	4,313		(7	)%	NM		$	(6,798	)	$	18,045		NM

Diluted Earnings Per Share:
Income (Loss) from Continuing Operations	$	(7.33	)	$	1.68		$	1.62		$	1.74		$	1.65		(5	)%	NM		$	(2.94	)	$	6.69		NM
Citigroup’s Net Income (Loss)	$	(7.38	)	$	1.68		$	1.63		$	1.73		$	1.64		(5	)%	NM		$	(2.98	)	$	6.68		NM
Shares (in millions):
Average Basic	2,606.2			2,561.6			2,530.9			2,479.8			2,401.1			(3	)%	(8	)%	2,698.5			2,493.3			(8	)%
Average Diluted	2,606.2			2,563.0			2,532.3			2,481.4			2,402.7			(3	)%	(8	)%	2,698.5			2,494.8			(8	)%
Common Shares Outstanding, at period end	2,569.9			2,549.9			2,516.6			2,442.1			2,368.5			(3	)%	(8	)%

Preferred Dividends	$	320		$	272		$	318		$	270		$	313		16	%	(2	)%	$	1,213		$	1,173		(3	)%

Income Allocated to Unrestricted Common Shareholders - Basic
Income (Loss) from Continuing Operations	$	(19,116	)	$	4,304		$	4,108		$	4,309		$	3,960		(8	)%	NM		$	(7,937	)	$	16,680		NM
Citigroup’s Net Income (Loss)	$	(19,225	)	$	4,297		$	4,123		$	4,301		$	3,952		(8	)%	NM		$	(8,048	)	$	16,672		NM

Income Allocated to Unrestricted Common Shareholders - Diluted
Income (Loss) from Continuing Operations	$	(19,116	)	$	4,304		$	4,108		$	4,309		$	3,960		(8	)%	NM		$	(7,937	)	$	16,680		NM
Citigroup’s Net Income (Loss)	$	(19,225	)	$	4,297		$	4,123		$	4,301		$	3,952		(8	)%	NM		$	(8,048	)	$	16,672		NM

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 (CET1) Capital Ratio (2) (3)	12.36		%	12.05		%	12.14		%	11.73		%	11.9		%
Tier 1 Capital Ratio(2) (3)	14.06		%	13.67		%	13.77		%	13.36		%	13.5		%
Total Capital Ratio(2) (3)	16.30		%	16.01		%	16.31		%	15.98		%	16.3		%
Supplementary Leverage Ratio(3) (4)	6.68		%	6.71		%	6.60		%	6.50		%	6.4		%
Return on Average Assets	(3.93		)%	0.98		%	0.94		%	0.95		%	0.88		%					(0.36		)%	0.94		%
Return on Average Common Equity	(37.5		)%	9.7		%	9.2		%	9.6		%	9.0		%					(3.9		)%	9.4		%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)	59.0		%	57.9		%	58.0		%	56.1		%	57.8		%					58.3		%	57.4		%

Balance Sheet Data (in billions of dollars, except per share amounts):
Total Assets	$	1,842.5		$	1,922.1		$	1,912.3		$	1,925.2		$	1,917.3		—		4	%
Total Average Assets	1,909.7			1,904.2			1,917.1			1,922.8			1,936.8			1	%	1	%	$	1,875.5		$	1,920.2		2	%
Total Deposits	959.8			1,001.2			996.7			1,005.2			1,013.1			1	%	6	%
Citigroup’s Stockholders’ Equity(5)	200.7			201.9			200.1			197.0			196.2			—		(2	)%
Book Value Per Share	70.62			71.67			71.95			72.88			75.05			3	%	6	%
Tangible Book Value Per Share (6)	60.16			61.02			61.29			61.91			63.79			3	%	6	%

Direct Staff (in thousands)	209			209			205			206			204			(1	)%	(2	)%

(1) 4Q17 includes the $22.6 billion one-time non-cash charge 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). 4Q18 includes a one-time benefit of $94 million, recorded in the tax line in Corporate/Other, due to the finalization of the provisional component of the impact based on Citi’s analysis, as well as additional guidance received from the U.S. Treasury Department related to Tax Reform.

(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, 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) December 31, 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, this ratio is a non-GAAP financial measure, which reflects full implementation of regulatory capital adjustments and deductions prior to the effective date of January 1, 2018. For the composition of Citi’s SLR, see page 28.

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

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

Note: Ratios and variance percentages are calculated based on the displayed amounts. Due to averaging and roundings, quarterly earnings per share may not sum to the YTD totals.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

																4Q18 Increase/				Full			Full			YTD 2018 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			YTD 2017 Increase/
	2017			2018			2018			2018			2018			3Q18		4Q17		2017			2018			(Decrease)
Revenues
Interest revenue	$	15,850		$	16,332		$	17,550		$	18,170		$	18,776		3	%	18	%	$	61,579		$	70,828		15	%
Interest expense	4,537			5,160			5,885			6,368			6,853			8	%	51	%	16,518			24,266			47	%
Net interest revenue	11,313			11,172			11,665			11,802			11,923			1	%	5	%	45,061			46,562			3	%

Commissions and fees	3,155			3,030			3,111			2,803			2,913			4	%	(8	)%	12,707			11,857			(7	)%
Principal transactions	1,490			3,289			2,151			2,566			1,056			(59	)%	(29	)%	9,475			9,062			(4	)%
Administrative and other fiduciary fees	912			905			934			911			830			(9	)%	(9	)%	3,584			3,580			—
Realized gains (losses) on investments	152			170			102			69			80			16	%	(47	)%	778			421			(46	)%
Other-than-temporary impairment losses on investments and other assets	(16		)	(28		)	(15		)	(70		)	(19		)	73	%	(19	)%	(63		)	(132		)	NM
Other revenue	498			334			521			308			341			11	%	(32	)%	902			1,504			67	%
Total non-interest revenues	6,191			7,700			6,804			6,587			5,201			(21	)%	(16	)%	27,383			26,292			(4	)%
Total revenues, net of interest expense	17,504			18,872			18,469			18,389			17,124			(7	)%	(2	)%	72,444			72,854			1	%

Provisions for Credit Losses and for Benefits and Claims

Net credit losses	1,880			1,867			1,704			1,756			1,786			2	%	(5	)%	7,076			7,113			1	%
Credit reserve build / (release)	136			(64		)	91			150			64			(57	)%	(53	)%	427			241			(44	)%
Provision for loan losses	2,016			1,803			1,795			1,906			1,850			(3	)%	(8	)%	7,503			7,354			(2	)%
Provision for Policyholder benefits and claims	28			26			21			26			28			8	%	—		109			101			(7	)%
Provision for unfunded lending commitments	29			28			(4		)	42			47			12	%	62	%	(161		)	113			NM
Total provisions for credit losses and for benefits and claims	2,073			1,857			1,812			1,974			1,925			(2	)%	(7	)%	7,451			7,568			2	%

Operating Expenses
Compensation and benefits	4,880			5,807			5,452			5,319			4,576			(14	)%	(6	)%	21,181			21,154			—
Premises and Equipment	621			593			570			565			596			5	%	(4	)%	2,453			2,324			(5	)%
Technology / communication expense	1,787			1,758			1,797			1,806			1,832			1	%	3	%	6,909			7,193			4	%
Advertising and marketing expense	386			381			411			378			375			(1	)%	(3	)%	1,608			1,545			(4	)%
Other operating	2,658			2,386			2,482			2,243			2,514			12	%	(5	)%	10,081			9,625			(5	)%
Total operating expenses	10,332			10,925			10,712			10,311			9,893			(4	)%	(4	)%	42,232			41,841			(1	)%

Income from Continuing Operations before Income Taxes	5,099			6,090			5,945			6,104			5,306			(13	)%	4	%	22,761			23,445			3	%
Provision (benefits) for income taxes (1)	23,864			1,441			1,444			1,471			1,001			(32	)%	(96	)%	29,388			5,357			(82	)%

Income (Loss) from Continuing Operations	(18,765		)	4,649			4,501			4,633			4,305			(7	)%	NM		(6,627		)	18,088			NM
Discontinued Operations
Income (Loss) from Discontinued Operations	(100		)	(7		)	(2		)	(8		)	(9		)	(13	)%	91	%	(104		)	(26		)	75	%
Provision (benefits) for income taxes	9			—			(17		)	—			(1		)	(100	)%	NM		7			(18		)	NM
Income (Loss) from Discontinued Operations, net of taxes	(109		)	(7		)	15			(8		)	(8		)	—		93	%	(111		)	(8		)	93	%

Net Income (Loss) before Noncontrolling Interests	(18,874		)	4,642			4,516			4,625			4,297			(7	)%	NM		(6,738		)	18,080			NM

Net Income (Loss) attributable to noncontrolling interests	19			22			26			3			(16		)	NM		NM		60			35			(42	)%
Citigroup’s Net Income (Loss)	$	(18,893	)	$	4,620		$	4,490		$	4,622		$	4,313		(7	)%	NM		$	(6,798	)	$	18,045		NM

(1) See footnote 1 on page 1.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)

																4Q18 Increase/
	December 31,			March 31,			June 30,			September 30,			December 31,			(Decrease) from
	2017			2018			2018			2018 (1)			2018 (1)			3Q18		4Q17
Assets
Cash and due from banks (including segregated cash and other deposits)	$	23,775		$	21,850		$	21,077		$	25,727		$	23,550		(8	)%	(1	)%
Deposits with banks	156,741			180,854			179,825			173,559			164,460			(5	)%	5	%
Fed funds sold and securities borr’d or purch under agree. to resell	232,478			257,887			265,526			280,941			270,684			(4	)%	16	%
Brokerage receivables	38,384			46,572			36,977			40,679			35,450			(13	)%	(8	)%
Trading account assets	252,790			268,808			262,949			257,502			256,117			(1	)%	1	%
Investments
Available-for-sale and non-marketable equity securities	298,970			299,479			296,819			292,264			295,250			1	%	(1	)%
Held-to-maturity	53,320			52,492			52,897			53,249			63,357			19	%	19	%
Total Investments	352,290			351,971			349,716			345,513			358,607			4	%	2	%
Loans, net of unearned income
Consumer	333,656			325,084			323,632			325,469			330,487			2	%	(1	)%
Corporate	333,378			347,854			347,548			349,440			353,709			1	%	6	%
Loans, net of unearned income	667,034			672,938			671,180			674,909			684,196			1	%	3	%
Allowance for loan losses	(12,355		)	(12,354		)	(12,126		)	(12,336		)	(12,315		)	—		—
Total loans, net	654,679			660,584			659,054			662,573			671,881			1	%	3	%
Goodwill	22,256			22,659			22,058			22,187			22,046			(1	)%	(1	)%
Intangible assets (other than MSRs)	4,588			4,450			4,729			4,598			4,636			1	%	1	%
Mortgage servicing rights (MSRs)	558			587			596			618			584			(6	)%	5	%
Other assets	103,926			105,882			109,827			111,268			109,273			(2	)%	5	%
Total assets	$	1,842,465		$	1,922,104		$	1,912,334		$	1,925,165		$	1,917,288		—		4	%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	126,880		$	125,332		$	117,473		$	111,446		$	105,836		(5	)%	(17	)%
Interest-bearing deposits in U.S. offices	318,613			327,872			337,228			351,291			361,467			3	%	13	%
Total U.S. Deposits	445,493			453,204			454,701			462,737			467,303			1	%	5	%
Non-interest-bearing deposits in offices outside the U.S.	87,440			90,477			86,241			83,200			80,648			(3	)%	(8	)%
Interest-bearing deposits in offices outside the U.S.	426,889			457,538			455,788			459,239			465,113			1	%	9	%
Total International Deposits	514,329			548,015			542,029			542,439			545,761			1	%	6	%

Total deposits	959,822			1,001,219			996,730			1,005,176			1,013,064			1	%	6	%
Fed funds purch and securities loaned or sold under agree. to repurch.	156,277			171,759			177,828			175,915			177,874			1	%	14	%
Brokerage payables	61,342			69,685			67,672			73,346			64,571			(12	)%	5	%
Trading account liabilities	125,170			143,961			140,745			147,652			144,305			(2	)%	15	%
Short-term borrowings	44,452			36,094			37,233			33,770			32,252			(4	)%	(27	)%
Long-term debt	236,709			237,938			236,822			235,270			231,999			(1	)%	(2	)%
Other liabilities(2)	57,021			58,582			54,336			56,173			56,149			—		(2	)%
Total liabilities	$	1,640,793		$	1,719,238		$	1,711,366		$	1,727,302		$	1,720,214		—		5	%

Equity
Stockholders’ equity(3)
Preferred stock	$	19,253		$	19,156		$	19,035		$	19,035		$	18,460		(3	)%	(4	)%
Common stock	31			31			31			31			31			—		—
Additional paid-in capital	108,008			107,599			107,724			107,825			107,922			—		—
Retained earnings(3)	138,425			141,863			145,211			148,436			151,347			2	%	9	%
Treasury stock	(30,309		)	(32,115		)	(34,413		)	(39,678		)	(44,370		)	(12	)%	(46	)%
Accumulated other comprehensive income (loss)(3)	(34,668		)	(34,619		)	(37,494		)	(38,645		)	(37,170		)	4	%	(7	)%
Total common equity	$	181,487		$	182,759		$	181,059		$	177,969		$	177,760		—		(2	)%

Total Citigroup stockholders’ equity	$	200,740		$	201,915		$	200,094		$	197,004		$	196,220		—		(2	)%
Noncontrolling interests	932			951			874			859			854			(1	)%	(8	)%
Total equity	201,672			202,866			200,968			197,863			197,074			—		(2	)%
Total liabilities and equity	$	1,842,465		$	1,922,104		$	1,912,334		$	1,925,165		$	1,917,288		—		4	%

(1) Preliminary.

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

(3) See footnote 5 on page 1.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)

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

Global Consumer Banking
North America	$	5,182	$	5,157	$	5,004	$	5,129	$	5,254	2	%	1	%	$	20,270	$	20,544	1	%
Latin America	1,359		1,347		1,381		1,670		1,362		(18	)%	—		5,222		5,760		10	%
Asia(1)	1,908		1,929		1,865		1,855		1,824		(2	)%	(4	)%	7,346		7,473		2	%
Total	8,449		8,433		8,250		8,654		8,440		(2	)%	—		32,838		33,777		3	%

Institutional Clients Group
North America	3,046		3,265		3,511		3,329		2,809		(16	)%	(8	)%	13,923		12,914		(7	)%
EMEA	2,441		3,167		3,043		2,927		2,633		(10	)%	8	%	10,879		11,770		8	%
Latin America	1,031		1,210		1,162		1,055		1,077		2	%	4	%	4,385		4,504		3	%
Asia	1,786		2,206		1,975		1,930		1,695		(12	)%	(5	)%	7,287		7,806		7	%
Total	8,304		9,848		9,691		9,241		8,214		(11	)%	(1	)%	36,474		36,994		1	%

Corporate / Other	751		591		528		494		470		(5	)%	(37	)%	3,132		2,083		(33	)%

Total Citigroup - Net Revenues	$	17,504	$	18,872	$	18,469	$	18,389	$	17,124	(7	)%	(2	)%	$	72,444	$	72,854	1	%

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

SEGMENT DETAIL

INCOME

(In millions of dollars)

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

Global Consumer Banking
North America	$	77		$	838		$	719		$	850		$	933		10	%	NM		$	1,990		$	3,340		68	%
Latin America	165			183			200			334			211			(37	)%	28	%	610			928			52	%
Asia (2)	340			373			360			383			378			(1	)%	11	%	1,278			1,494			17	%
Total	582			1,394			1,279			1,567			1,522			(3	)%	NM		3,878			5,762			49	%

Institutional Clients Group
North America	(1,108		)	857			1,028			870			745			(14	)%	NM		2,355			3,500			49	%
EMEA	431			1,113			987			972			819			(16	)%	90	%	2,832			3,891			37	%
Latin America	333			491			514			541			343			(37	)%	3	%	1,544			1,889			22	%
Asia	557			868			708			734			610			(17	)%	10	%	2,335			2,920			25	%
Total	213			3,329			3,237			3,117			2,517			(19	)%	NM		9,066			12,200			35	%

Corporate / Other	(19,560		)	(74		)	(15		)	(51		)	266			NM		NM		(19,571		)	126			101	%

Income (Loss) From Continuing Operations	$	(18,765	)	$	4,649		$	4,501		$	4,633		$	4,305		(7	)%	NM		$	(6,627	)	$	18,088		NM


Discontinued Operations	(109		)	(7		)	15			(8		)	(8		)	—		93	%	(111		)	(8		)	93	%

Net Income Attributable to Noncontrolling Interests	19			22			26			3			(16		)	NM		NM		60			35			(42	)%

Total Citigroup - Net Income (Loss)	$	(18,893	)	$	4,620		$	4,490		$	4,622		$	4,313		(7	)%	NM		$	(6,798	)	$	18,045		NM

Average Assets (in billions of dollars)
North America	$	1,006		$	971		$	979		$	998		$	1,009		1	%	—		$	986		$	989		—
EMEA(2)	334			363			375			358			368			3	%	10	%	329			366			11	%
Latin America	128			129			127			126			123			(2	)%	(4	)%	128			126			(2	)%
Asia(2)	340			348			342			344			347			1	%	2	%	332			345			4	%
Corporate / Other	102			93			94			97			90			(7	)%	(12	)%	101			94			(7	)%
Total	$	1,910		$	1,904		$	1,917		$	1,923		$	1,937		1	%	1	%	$	1,876		$	1,920		2	%

Return on Average Assets (ROA) on Net Income (Loss)
North America	(0.41		)%	0.71		%	0.72		%	0.69		%	0.67		%					0.44		%	0.70		%
EMEA(2)	0.50		%	1.23		%	1.04		%	1.07		%	0.87		%					0.84		%	1.05		%
Latin America	1.54		%	2.12		%	2.25		%	2.76		%	1.79		%					1.68		%	2.24		%
Asia(2)	1.04		%	1.44		%	1.25		%	1.29		%	1.13		%					1.09		%	1.28		%
Corporate/Other	(76.53		)%	(0.38		)%	(0.06		)%	(0.27		)%	1.20		%					(19.48		)%	0.11		%
Total	(3.93		)%	0.98		%	0.94		%	0.95		%	0.88		%					(0.36		)%	0.94		%

(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)

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

Net Interest Revenue	$	7,015		$	6,980		$	7,019		$	7,236		$	7,348		2	%	5	%	$	27,425		$	28,583		4	%
Non-Interest Revenue	1,434			1,453			1,231			1,418			1,092			(23	)%	(24	)%	5,413			5,194			(4	)%
Total Revenues, Net of Interest Expense	8,449			8,433			8,250			8,654			8,440			(2	)%	—		32,838			33,777			3	%
Total Operating Expenses	4,563			4,681			4,655			4,661			4,593			(1	)%	1	%	18,003			18,590			3	%
Net Credit Losses	1,640			1,736			1,726			1,714			1,744			2	%	6	%	6,562			6,920			5	%
Credit Reserve Build / (Release)	177			144			154			186			79			(58	)%	(55	)%	965			563			(42	)%
Provision for Unfunded Lending Commitments	(2		)	(1		)	3			6			(8		)	NM		NM		(2		)	—			100	%
Provision for Benefits and Claims	36			26			22			27			28			4	%	(22	)%	116			103			(11	)%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	1,851			1,905			1,905			1,933			1,843			(5	)%	—		7,641			7,586			(1	)%
Income from Continuing Operations before Taxes	2,035			1,847			1,690			2,060			2,004			(3	)%	(2	)%	7,194			7,601			6	%
Income Taxes (2)	1,453			453			411			493			482			(2	)%	(67	)%	3,316			1,839			(45	)%
Income from Continuing Operations	582			1,394			1,279			1,567			1,522			(3	)%	NM		3,878			5,762			49	%
Noncontrolling Interests	2			2			1			1			3			NM		50	%	9			7			(22	)%
Net Income	$	580		$	1,392		$	1,278		$	1,566		$	1,519		(3	)%	NM		$	3,869		$	5,755		49	%
EOP Assets (in billions of dollars)	$	428		$	423		$	422		$	427		$	432		1	%	1	%
Average Assets (in billions of dollars)	$	423		$	423		$	417		$	424		$	428		1	%	1	%	$	417		$	423		1	%
Return on Average Assets (ROA)	0.54		%	1.33		%	1.23		%	1.47		%	1.41		%					0.93		%	1.36		%
Efficiency Ratio	54		%	56		%	56		%	54		%	54		%					55		%	55		%

Net Credit Losses as a % of Average Loans	2.15		%	2.30		%	2.28		%	2.22		%	2.24		%					2.21		%	2.26		%

Revenue by Business
Retail Banking	$	3,457		$	3,471		$	3,489		$	3,717		$	3,388		(9	)%	(2	)%	$	13,481		$	14,065		4	%
Cards (3)	4,992			4,962			4,761			4,937			5,052			2	%	1	%	19,357			19,712			2	%
Total	$	8,449		$	8,433		$	8,250		$	8,654		$	8,440		(2	)%	—		$	32,838		$	33,777		3	%

Net Credit Losses by Business
Retail Banking	$	243		$	232		$	228		$	243		$	246		1	%	1	%	$	1,023		$	949		(7	)%
Cards (3)	1,397			1,504			1,498			1,471			1,498			2	%	7	%	5,539			5,971			8	%
Total	$	1,640		$	1,736		$	1,726		$	1,714		$	1,744		2	%	6	%	$	6,562		$	6,920		5	%


Income from Continuing Operations by Business
Retail Banking	$	358		$	524		$	580		$	666		$	534		(20	)%	49	%	$	1,656		$	2,304		39	%
Cards (3)	224			870			699			901			988			10	%	NM		2,222			3,458			56	%
Total	$	582		$	1,394		$	1,279		$	1,567		$	1,522		(3	)%	NM		$	3,878		$	5,762		49	%

Foreign Currency (FX) Translation Impact:
Total Revenue - as Reported	$	8,449		$	8,433		$	8,250		$	8,654		$	8,440		(2	)%	—		$	32,838		$	33,777		3	%
Impact of FX Translation (4)	(126		)	(200		)	(82		)	(108		)	—							(132		)	—
Total Revenues - Ex-FX (4)	$	8,323		$	8,233		$	8,168		$	8,546		$	8,440		(1	)%	1	%	$	32,706		$	33,777		3	%

Total Operating Expenses - as Reported	$	4,563		$	4,681		$	4,655		$	4,661		$	4,593		(1	)%	1	%	$	18,003		$	18,590		3	%
Impact of FX Translation (4)	(72		)	(109		)	(51		)	(50		)	—							(54		)	—
Total Operating Expenses - Ex-FX (4)	$	4,491		$	4,572		$	4,604		$	4,611		$	4,593		—		2	%	$	17,949		$	18,590		4	%

Total Provisions for LLR & PBC - as Reported	$	1,851		$	1,905		$	1,905		$	1,933		$	1,843		(5	)%	—		$	7,641		$	7,586		(1	)%
Impact of FX Translation (4)	(23		)	(36		)	(16		)	(24		)	—							(32		)	—
Total Provisions for LLR & PBC - Ex-FX (4)	$	1,828		$	1,869		$	1,889		$	1,909		$	1,843		(3	)%	1	%	$	7,609		$	7,586		—

Net Income - as Reported	$	580		$	1,392		$	1,278		$	1,566		$	1,519		(3	)%	NM		$	3,869		$	5,755		49	%
Impact of FX Translation (4)	(19		)	(43		)	(12		)	(23		)	—							(28		)	—
Net Income - Ex-FX (4)	$	561		$	1,349		$	1,266		$	1,543		$	1,519		(2	)%	NM		$	3,841		$	5,755		50	%

(1) See footnote 1 on page 1.

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

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

(4) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the fourth quarter of 2018 and full year 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

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

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

Branches (actual)	2,451			2,433			2,428			2,417			2,410			—		(2	)%
Accounts (in millions)	52.9			53.2			53.9			54.0			54.5			1	%	3	%
Average Deposits	$	306.5		$	308.9		$	305.8		$	307.2		$	306.5		—		—
Investment Sales	$	23.7		$	27.1		$	23.9		$	23.7		$	21.2		(11	)%	(11	)%
Investment Assets under Management (AUMs)	$	160.9		$	163.5		$	162.7		$	169.0		$	158.1		(6	)%	(2	)%
Average Loans	$	145.1		$	147.1		$	145.6		$	145.9		$	145.0		(1	)%	—
EOP Loans:
Mortgages	$	81.7		$	82.1		$	80.5		$	80.9		$	80.6		—		(1	)%
Commercial Banking	36.3			36.8			36.5			37.2			36.3			(2	)%	—
Personal and Other	27.9			28.5			28.1			28.7			28.8			—		3	%
EOP Loans	$	145.9		$	147.4		$	145.1		$	146.8		$	145.7		(1	)%	—

Total Net Interest Revenue (in millions) (1)	$	2,345		$	2,356		$	2,425		$	2,424		$	2,423		—		3	%
As a % of Average Loans	6.41		%	6.50		%	6.68		%	6.59		%	6.63		%

Net Credit Losses (in millions)	$	243		$	232		$	228		$	243		$	246		1	%	1	%
As a % of Average Loans	0.66		%	0.64		%	0.63		%	0.66		%	0.67		%
Loans 90+ Days Past Due (in millions) (2)	$	515		$	493		$	500		$	508		$	485		(5	)%	(6	)%
As a % of EOP Loans	0.35		%	0.34		%	0.35		%	0.35		%	0.33		%
Loans 30-89 Days Past Due (in millions) (2)	$	822		$	830		$	754		$	857		$	790		(8	)%	(4	)%
As a % of EOP Loans	0.57		%	0.57		%	0.52		%	0.59		%	0.54		%

Cards Key Indicators (in millions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	141.7			140.3			140.2			141.3			141.7			—		—
Purchase Sales (in billions)	$	136.3		$	121.7		$	133.6		$	134.9		$	144.1		7	%	6	%

Average Loans (in billions) (3)	$	158.2		$	159.2		$	157.5		$	160.9		$	163.4		2	%	3	%
EOP Loans (in billions) (3)	$	164.9		$	156.6		$	160.9		$	162.2		$	169.5		5	%	3	%
Average Yield (4)	12.70		%	12.98		%	13.09		%	13.37		%	13.60		%
Total Net Interest Revenue (5)	$	4,651		$	4,615		$	4,594		$	4,812		$	4,925		2	%	6	%
As a % of Average Loans (5)	11.66		%	11.76		%	11.70		%	11.87		%	11.96		%
Net Credit Losses	$	1,397		$	1,504		$	1,498		$	1,471		$	1,498		2	%	7	%
As a % of Average Loans	3.50		%	3.83		%	3.81		%	3.63		%	3.64		%
Net Credit Margin (6)	$	3,569		$	3,451		$	3,263		$	3,467		$	3,554		3	%	—
As a % of Average Loans (6)	8.95		%	8.79		%	8.31		%	8.55		%	8.63		%
Loans 90+ Days Past Due	$	1,963		$	1,886		$	1,845		$	1,896		$	2,134		13	%	9	%
As a % of EOP Loans	1.19		%	1.20		%	1.15		%	1.17		%	1.26		%
Loans 30-89 Days Past Due	$	1,940		$	1,880		$	1,804		$	2,033		$	2,112		4	%	9	%
As a % of EOP Loans	1.18		%	1.20		%	1.12		%	1.25		%	1.25		%

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

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

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

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

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

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

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING
NORTH AMERICA

Page 1
(In millions of dollars, except as otherwise noted)

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

Net Interest Revenue	$	4,805		$	4,750		$	4,780		$	4,984		$	5,107		2	%	6	%	$	18,879		$	19,621		4	%
Non-Interest Revenue	377			407			224			145			147			1	%	(61	)%	1,391			923			(34	)%
Total Revenues, Net of Interest Expense	5,182			5,157			5,004			5,129			5,254			2	%	1	%	20,270			20,544			1	%
Total Operating Expenses	2,568			2,645			2,666			2,668			2,652			(1	)%	3	%	10,245			10,631			4	%
Net Credit Losses	1,186			1,296			1,278			1,242			1,281			3	%	8	%	4,796			5,097			6	%
Credit Reserve Build / (Release)	153			123			115			116			84			(28	)%	(45	)%	869			438			(50	)%
Provision for Unfunded Lending Commitments	(2		)	(4		)	2			5			(3		)	NM		(50	)%	4			—			(100	)%
Provision for Benefits and Claims	10			6			5			5			6			20	%	(40	)%	33			22			(33	)%
Provisions for Loan Losses and for Benefits and Claims	1,347			1,421			1,400			1,368			1,368			—		2	%	5,702			5,557			(3	)%
Income from Continuing Operations before Taxes	1,267			1,091			938			1,093			1,234			13	%	(3	)%	4,323			4,356			1	%
Income Taxes (2)	1,190			253			219			243			301			24	%	(75	)%	2,333			1,016			(56	)%
Income from Continuing Operations	77			838			719			850			933			10	%	NM		1,990			3,340			68	%
Noncontrolling Interests	(1		)	—			—			—			—			—		100	%	(1		)	—			100	%
Net Income	$	78		$	838		$	719		$	850		$	933		10	%	NM		$	1,991		$	3,340		68	%
Average Assets (in billions)	$	254		$	248		$	244		$	249		$	254		2	%	—		$	248		$	249		—
Return on Average Assets	0.12		%	1.37		%	1.18		%	1.35		%	1.46		%					0.80		%	1.34		%
Efficiency Ratio	50		%	51		%	53		%	52		%	50		%					51		%	52		%

Net Credit Losses as a % of Average Loans	2.48		%	2.77		%	2.72		%	2.56		%	2.60		%					2.58		%	2.66		%

Revenue by Business
Retail Banking	$	1,348		$	1,307		$	1,348		$	1,329		$	1,331		—		(1	)%	$	5,264		$	5,315		1	%
Citi-Branded Cards	2,226			2,232			2,062			2,108			2,226			6	%	—		8,579			8,628			1	%
Citi Retail Services	1,608			1,618			1,594			1,692			1,697			—		6	%	6,427			6,601			3	%
Total	$	5,182		$	5,157		$	5,004		$	5,129		$	5,254		2	%	1	%	$	20,270		$	20,544		1	%

Net Credit Losses by Business
Retail Banking	$	30		$	43		$	32		$	32		$	31		(3	)%	3	%	$	194		$	138		(29	)%
Citi-Branded Cards	592			651			657			644			650			1	%	10	%	2,447			2,602			6	%
Citi Retail Services	564			602			589			566			600			6	%	6	%	2,155			2,357			9	%
Total	$	1,186		$	1,296		$	1,278		$	1,242		$	1,281		3	%	8	%	$	4,796		$	5,097		6	%


Income from Continuing Operations by Business
Retail Banking	$	41		$	140		$	161		$	131		$	133		2	%	NM		$	412		$	565		37	%
Citi-Branded Cards	119			425			309			375			472			26	%	NM		1,009			1,581			57	%
Citi Retail Services	(83		)	273			249			344			328			(5	)%	NM		569			1,194			NM
Total	$	77		$	838		$	719		$	850		$	933		10	%	NM		$	1,990		$	3,340		68	%

(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

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

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

Branches (actual)	694			694			693			692			689			—		(1	)%
Accounts (in millions)	9.2			9.1			9.1			9.0			9.1			1	%	(1	)%
Average Deposits	$	182.7		$	180.9		$	179.9		$	180.2		$	180.6		—		(1	)%
Investment Sales	$	7.0		$	8.4		$	7.8		$	7.9		$	8.1		3	%	16	%
Investment AUMs	$	60.3		$	60.5		$	61.1		$	63.7		$	60.1		(6	)%	—

Average Loans	$	56.0		$	55.7		$	55.6		$	56.0		$	56.5		1	%	1	%

EOP Loans:
Mortgages	$	44.3		$	44.2		$	44.4		$	44.6		$	44.7		—		1	%
Commercial Banking	9.5			9.1			9.1			9.3			9.7			4	%	2	%
Personal and Other	2.2			2.1			2.2			2.4			2.4			—		9	%
Total EOP Loans	$	56.0		$	55.4		$	55.7		$	56.3		$	56.8		1	%	1	%

Mortgage Originations (1)	$	3.0		$	2.3		$	2.6		$	2.7		$	2.3		(15	)%	(23	)%

Third Party Mortgage Servicing Portfolio (EOP)	$	47.3		$	46.0		$	45.7		$	45.4		$	45.2		—		(4	)%

Net Servicing & Gain/(Loss) on Sale (in millions)	$	69.1		$	33.4		$	33.6		$	32.0		$	25.6		(20	)%	(63	)%

Saleable Mortgage Rate Locks	$	1.3		$	1.2		$	1.3		$	1.1		$	0.9		(18	)%	(31	)%

Net Interest Revenue on Loans (in millions)	$	235		$	232		$	226		$	216		$	218		1	%	(7	)%
As a % of Avg. Loans	1.66		%	1.69		%	1.63		%	1.53		%	1.53		%

Net Credit Losses (in millions)	$	30		$	43		$	32		$	32		$	31		(3	)%	3	%
As a % of Avg. Loans	0.21		%	0.31		%	0.23		%	0.23		%	0.22		%

Loans 90+ Days Past Due (in millions) (2)	$	199		$	184		$	179		$	188		$	180		(4	)%	(10	)%
As a % of EOP Loans	0.36		%	0.34		%	0.33		%	0.34		%	0.32		%
Loans 30-89 Days Past Due (in millions) (2)	$	306		$	227		$	252		$	320		$	282		(12	)%	(8	)%
As a % of EOP Loans	0.55		%	0.41		%	0.46		%	0.58		%	0.50		%

(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 $298 million and ($0.7 billion), $272 million and ($0.7 billion), $244 million and ($0.7 billion), $235 million and ($0.7 billion), and $201 million and ($0.6 billion) as of December 31, 2017, March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $88 million and ($0.7 billion), $92 million and ($0.7 billion), $87 million and ($0.7 billion), $82 million and ($0.7 billion), and $78 million and ($0.6 billion) as of December 31, 2017, March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018, respectively.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3

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

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts (in millions)	34.2			33.9			34.1			34.3			34.5			1	%	1	%
Purchase Sales (in billions)	$	86.3		$	78.6		$	86.4		$	87.3		$	91.6		5	%	6	%

Average Loans (in billions) (1)	$	86.8		$	86.9		$	86.6		$	87.8		$	88.8		1	%	2	%

EOP Loans (in billions) (1)	$	90.5		$	85.7		$	88.1		$	88.4		$	91.8		4	%	1	%

Average Yield (2)	9.63		%	9.79		%	9.94		%	10.34		%	10.74		%
Total Net Interest Revenue (3)	$	1,854		$	1,800		$	1,788		$	1,883		$	1,968		5	%	6	%
As a % of Avg. Loans (3)	8.47		%	8.40		%	8.28		%	8.51		%	8.79		%
Net Credit Losses	$	592		$	651		$	657		$	644		$	650		1	%	10	%
As a % of Average Loans	2.71		%	3.04		%	3.04		%	2.91		%	2.90		%
Net Credit Margin (4)	$	1,610		$	1,573		$	1,403		$	1,462		$	1,574		8	%	(2	)%
As a % of Avg. Loans (4)	7.36		%	7.34		%	6.50		%	6.61		%	7.03		%
Loans 90+ Days Past Due	$	768		$	731		$	712		$	707		$	812		15	%	6	%
As a % of EOP Loans	0.85		%	0.85		%	0.81		%	0.80		%	0.88		%
Loans 30-89 Days Past Due	$	698		$	669		$	627		$	722		$	755		5	%	8	%
As a % of EOP Loans	0.77		%	0.78		%	0.71		%	0.82		%	0.82		%

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

Total Revenues, Net of Interest Expense	$	2,187		$	2,071		$	2,062		$	2,108		$	2,226		6	%	2	%
Purchase Sales (in billions)	$	84.8		$	78.3		$	86.4		$	87.3		$	91.6		5	%	8	%
Average Loans (in billions) (1)	$	86.4		$	86.9		$	86.6		$	87.8		$	88.8		1	%	3	%
EOP Loans (in billions) (1)	$	90.5		$	85.7		$	88.1		$	88.4		$	91.8		4	%	1	%

Average Yield (2)	9.62		%	9.79		%	9.94		%	10.34		%	10.74		%	4	%	12	%
Total Net Interest Revenue (3)	$	1,845		$	1,800		$	1,788		1,883			1,968			5	%	7	%
As a % of Avg. Loans (3)	8.47		%	8.40		%	8.28		%	8.51		%	8.79		%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	86.4			85.4			85.1			85.9			86.3			—		—
Purchase Sales (in billions)	$	23.6		$	17.4		$	21.6		$	22.1		$	25.5		15	%	8	%

Average Loans (in billions) (1)	$	46.9		$	47.1		$	46.6		$	49.0		$	50.4		3	%	7	%

EOP Loans (in billions) (1)	$	49.2		$	46.0		$	48.6		$	49.4		$	52.7		7	%	7	%

Average Yield (2)	17.06		%	17.68		%	17.82		%	17.83		%	17.78		%
Total Net Interest Revenue (3)	$	1,954		$	1,973		$	1,970		$	2,099		$	2,128		1	%	9	%
As a % of Avg. Loans (3)	16.53		%	16.99		%	16.96		%	17.00		%	16.75		%
Net Credit Losses	$	564		$	602		$	589		$	566		$	600		6	%	6	%
As a % of Average Loans	4.77		%	5.18		%	5.07		%	4.58		%	4.72		%
Net Credit Margin (4)	$	1,038		$	1,012		$	1,002		$	1,123		$	1,094		(3	)%	5	%
As a % of Avg. Loans (4)	8.78		%	8.71		%	8.62		%	9.09		%	8.61		%
Loans 90+ Days Past Due	$	845		$	797		$	781		$	832		$	952		14	%	13	%
As a % of EOP Loans	1.72		%	1.73		%	1.61		%	1.68		%	1.81		%
Loans 30-89 Days Past Due	$	830		$	791		$	761		$	890		$	932		5	%	12	%
As a % of EOP Loans	1.69		%	1.72		%	1.57		%	1.80		%	1.77		%

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

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

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

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

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

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

LATIN AMERICA (1) - PAGE 1

(In millions of dollars, except as otherwise noted)

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

Net Interest Revenue	$	991		$	997		$	1,013		$	1,042		$	1,006		(3	)%	2	%	$	3,844		$	4,058		6	%
Non-Interest Revenue (2)	368			350			368			628			356			(43	)%	(3	)%	1,378			1,702			24	%
Total Revenues, Net of Interest Expense	1,359			1,347			1,381			1,670			1,362			(18	)%	—		5,222			5,760			10	%
Total Operating Expenses	768			759			782			828			787			(5	)%	2	%	2,959			3,156			7	%
Net Credit Losses	292			278			278			307			290			(6	)%	(1	)%	1,117			1,153			3	%
Credit Reserve Build / (Release)	19			42			33			31			(23		)	NM		NM		125			83			(34	)%
Provision for Unfunded Lending Commitments	1			1			—			—			(1		)	NM		NM		(1		)	—			100	%
Provision for Benefits and Claims	26			20			17			22			22			—		(15	)%	83			81			(2	)%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	338			341			328			360			288			(20	)%	(15	)%	1,324			1,317			(1	)%
Income from Continuing Operations before Taxes	253			247			271			482			287			(40	)%	13	%	939			1,287			37	%
Income Taxes	88			64			71			148			76			(49	)%	(14	)%	329			359			9	%
Income from Continuing Operations	165			183			200			334			211			(37	)%	28	%	610			928			52	%
Noncontrolling Interests	1			—			—			—			—			—		(100	)%	5			—			(100	)%
Net Income	$	164		$	183		$	200		$	334		$	211		(37	)%	29	%	$	605		$	928		53	%
Average Assets (in billions of dollars)	$	44		$	44		$	43		$	45		$	43		(4	)%	(2	)%	$	45		$	44		(2	)%
Return on Average Assets	1.48		%	1.69		%	1.87		%	2.94		%	1.95		%					1.34		%	2.11		%
Efficiency Ratio	57		%	56		%	57		%	50		%	58		%					57		%	55		%

Net Credit Losses as a % of Average Loans	4.51		%	4.29		%	4.37		%	4.63		%	4.58		%					4.42		%	4.47		%

Revenue by Business
Retail Banking	$	971		$	966		$	999		$	1,265		$	965		(24	)%	(1	)%	$	3,752		$	4,195		12	%
Citi-Branded Cards	388			381			382			405			397			(2	)%	2	%	1,470			1,565			6	%
Total	$	1,359		$	1,347		$	1,381		$	1,670		$	1,362		(18	)%	—		$	5,222		$	5,760		10	%


Net Credit Losses by Business
Retail Banking	$	153		$	132		$	138		$	153		$	144		(6	)%	(6	)%	$	584		$	567		(3	)%
Citi-Branded Cards	139			146			140			154			146			(5	)%	5	%	533			586			10	%
Total	$	292		$	278		$	278		$	307		$	290		(6	)%	(1	)%	$	1,117		$	1,153		3	%


Income from Continuing Operations by Business
Retail Banking	$	116		$	138		$	155		$	279		$	150		(46	)%	29	%	$	426		$	722		69	%
Citi-Branded Cards	49			45			45			55			61			11	%	24	%	184			206			12	%
Total	$	165		$	183		$	200		$	334		$	211		(37	)%	28	%	$	610		$	928		52	%


FX Translation Impact:
Total Revenue - as Reported	$	1,359		$	1,347		$	1,381		$	1,670		$	1,362		(18	)%	—		$	5,222		$	5,760		10	%
Impact of FX Translation (3)	(63		)	(95		)	(38		)	(97		)	—							(105		)	—
Total Revenues - Ex-FX (3)	$	1,296		$	1,252		$	1,343		$	1,573		$	1,362		(13	)%	5	%	$	5,117		$	5,760		13	%

Total Operating Expenses - as Reported	$	768		$	759		$	782		$	828		$	787		(5	)%	2	%	$	2,959		$	3,156		7	%
Impact of FX Translation (3)	(31		)	(48		)	(20		)	(42		)	—							(50		)	—
Total Operating Expenses - Ex-FX (3)	$	737		$	711		$	762		$	786		$	787		—		7	%	$	2,909		$	3,156		8	%

Provisions for LLR & PBC - as Reported	$	338		$	341		$	328		$	360		$	288		(20	)%	(15	)%	$	1,324		$	1,317		(1	)%
Impact of FX Translation (3)	(16		)	(26		)	(11		)	(22		)	—							(27		)	—
Provisions for LLR & PBC - Ex-FX (3)	$	322		$	315		$	317		$	338		$	288		(15	)%	(11	)%	$	1,297		$	1,317		2	%

Net Income - as Reported	$	164		$	183		$	200		$	334		$	211		(37	)%	29	%	$	605		$	928		53	%
Impact of FX Translation (3)	(10		)	(16		)	(6		)	(22		)	—							(19		)	—
Net Income - Ex-FX (3)	$	154		$	167		$	194		$	312		$	211		(32	)%	37	%	$	586		$	928		58	%

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

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

(3) Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the fourth quarter of 2018 and full year 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

																4Q18 Increase/
	4Q			1Q			2Q			3Q			4Q			(Decrease) from
	2017			2018			2018			2018			2018			3Q18		4Q17
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	1,479			1,462			1,462			1,463			1,463			—		(1	)%
Accounts (in millions)	27.7			28.2			28.9			29.1			29.4			1	%	6	%
Average Deposits	$	27.8		$	28.9		$	28.3		$	29.4		$	28.2		(4	)%	1	%
Investment Sales	$	6.0		$	6.2		$	6.6		$	6.7		$	6.3		(6	)%	5	%
Investment AUMs	$	32.1		$	34.0		$	33.1		$	35.5		$	30.4		(14	)%	(5	)%
Average Loans	$	20.3		$	20.7		$	20.1		$	20.7		$	19.6		(5	)%	(3	)%
EOP Loans:
Mortgages	$	4.1		$	4.5		$	4.1		$	4.3		$	4.0		(7	)%	(2	)%
Commercial Banking	10.0			10.5			10.2			10.6			9.9			(7	)%	(1	)%
Personal and Other	5.8			6.2			5.8			6.1			5.8			(5	)%	—
Total EOP Loans	$	19.9		$	21.2		$	20.1		$	21.0		$	19.7		(6	)%	(1	)%

Total Net Interest Revenue (in millions) (1)	$	672		$	680		$	687		$	711		$	682		(4	)%	1	%
As a % of Average Loans (1)	13.13		%	13.32		%	13.71		%	13.63		%	13.80		%
Net Credit Losses (in millions)	$	153		$	132		$	138		$	153		$	144		(6	)%	(6	)%
As a % of Average Loans	2.99		%	2.59		%	2.75		%	2.93		%	2.91		%
Loans 90+ Days Past Due (in millions)	$	130		$	128		$	132		$	126		$	127		1	%	(2	)%
As a % of EOP Loans	0.65		%	0.60		%	0.66		%	0.60		%	0.64		%
Loans 30-89 Days Past Due (in millions)	$	195		$	248		$	183		$	235		$	201		(14	)%	3	%
As a % of EOP Loans	0.98		%	1.17		%	0.91		%	1.12		%	1.02		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	5.6			5.7			5.7			5.7			5.6			(2	)%	—
Purchase Sales (in billions)	$	4.5		$	4.2		$	4.3		$	4.6		$	4.8		4	%	7	%
Average Loans (in billions) (2)	$	5.4		$	5.6		$	5.4		$	5.6		$	5.5		(2	)%	2	%
EOP Loans (in billions) (2)	$	5.4		$	5.7		$	5.4		$	5.8		$	5.7		(2	)%	6	%
Average Yield (3)	24.18		%	24.12		%	24.49		%	24.44		%	24.61		%	1	%	2	%

Total Net Interest Revenue (in millions) (4)	$	319		$	317		$	326		$	331		$	324		(2	)%	2	%
As a % of Average Loans (4)	23.44		%	22.96		%	24.21		%	23.45		%	23.37		%
Net Credit Losses (in millions)	$	139		$	146		$	140		$	154		$	146		(5	)%	5	%
As a % of Average Loans	10.21		%	10.57		%	10.40		%	10.91		%	10.53		%
Net Credit Margin (in millions) (5)	$	253		$	240		$	247		$	257		$	256		—		1	%
As a % of Average Loans (5)	18.59		%	17.38		%	18.35		%	18.21		%	18.47		%
Loans 90+ Days Past Due (in millions)	$	151		$	160		$	160		$	169		$	171		1	%	13	%
As a % of EOP Loans	2.80		%	2.81		%	2.96		%	2.91		%	3.00		%
Loans 30-89 Days Past Due (in millions)	$	153		$	160		$	156		$	170		$	170		—		11	%
As a % of EOP Loans	2.83		%	2.81		%	2.89		%	2.93		%	2.98		%

(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)

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

Net Interest Revenue	$	1,219		$	1,233		$	1,226		$	1,210		$	1,235		2	%	1	%	$	4,702		$	4,904		4	%
Non-Interest Revenue	689			696			639			645			589			(9	)%	(15	)%	2,644			2,569			(3	)%
Total Revenues, Net of Interest Expense	1,908			1,929			1,865			1,855			1,824			(2	)%	(4	)%	7,346			7,473			2	%
Total Operating Expenses	1,227			1,277			1,207			1,165			1,154			(1	)%	(6	)%	4,799			4,803			—
Net Credit Losses	162			162			170			165			173			5	%	7	%	649			670			3	%
Credit Reserve Build / (Release)	5			(21		)	6			39			18			(54	)%	NM		(29		)	42			NM
Provision for Unfunded Lending Commitments	(1		)	2			1			1			(4		)	NM		NM		(5		)	—			100	%
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	166			143			177			205			187			(9	)%	13	%	615			712			16	%
Income from Continuing Operations before Taxes	515			509			481			485			483			—		(6	)%	1,932			1,958			1	%
Income Taxes	175			136			121			102			105			3	%	(40	)%	654			464			(29	)%
Income from Continuing Operations	340			373			360			383			378			(1	)%	11	%	1,278			1,494			17	%
Noncontrolling Interests	2			2			1			1			3			NM		50	%	5			7			40	%
Net Income	$	338		$	371		$	359		$	382		$	375		(2	)%	11	%	$	1,273		$	1,487		17	%
Average Assets (in billions)	$	125		$	131		$	130		$	130		$	131		1	%	5	%	$	124		$	131		6	%
Return on Average Assets	1.07		%	1.15		%	1.11		%	1.17		%	1.14		%					1.03		%	1.14		%
Efficiency Ratio	64		%	66		%	65		%	63		%	63		%					65		%	64		%

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

Revenue by Business
Retail Banking	$	1,138		$	1,198		$	1,142		$	1,123		$	1,092		(3	)%	(4	)%	$	4,465		$	4,555		2	%
Citi-Branded Cards	770			731			723			732			732			—		(5	)%	2,881			2,918			1	%
Total	$	1,908		$	1,929		$	1,865		$	1,855		$	1,824		(2	)%	(4	)%	$	7,346		$	7,473		2	%


Net Credit Losses by Business
Retail Banking	$	60		$	57		$	58		$	58		$	71		22	%	18	%	$	245		$	244		—
Citi-Branded Cards	102			105			112			107			102			(5	)%	—		404			426			5	%
Total	$	162		$	162		$	170		$	165		$	173		5	%	7	%	$	649		$	670		3	%


Income from Continuing Operations by Business
Retail Banking	$	201		$	246		$	264		$	256		$	251		(2	)%	25	%	$	818		$	1,017		24	%
Citi-Branded Cards	139			127			96			127			127			—		(9	)%	460			477			4	%
Total	$	340		$	373		$	360		$	383		$	378		(1	)%	11	%	$	1,278		$	1,494		17	%


FX Translation Impact:
Total Revenue - as Reported	$	1,908		$	1,929		$	1,865		$	1,855		$	1,824		(2	)%	(4	)%	$	7,346		$	7,473		2	%
Impact of FX Translation (2)	(63		)	(105		)	(44		)	(11		)	—							(27		)	—
Total Revenues - Ex-FX (2)	$	1,845		$	1,824		$	1,821		$	1,844		$	1,824		(1	)%	(1	)%	$	7,319		$	7,473		2	%

Total Operating Expenses - as Reported	$	1,227		$	1,277		$	1,207		$	1,165		$	1,154		(1	)%	(6	)%	$	4,799		$	4,803		—
Impact of FX Translation (2)	(41		)	(61		)	(31		)	(8		)	—							(4		)	—
Total Operating Expenses - Ex-FX (2)	$	1,186		$	1,216		$	1,176		$	1,157		$	1,154		—		(3	)%	$	4,795		$	4,803		—

Provisions for LLR & PBC - as Reported	$	166		$	143		$	177		$	205		$	187		(9	)%	13	%	$	615		$	712		16	%
Impact of FX Translation (2)	(7		)	(10		)	(5		)	(2		)	—							(5		)	—
Provisions for LLR & PBC - Ex-FX (2)	$	159		$	133		$	172		$	203		$	187		(8	)%	18	%	$	610		$	712		17	%

Net Income - as Reported	$	338		$	371		$	359		$	382		$	375		(2	)%	11	%	$	1,273		$	1,487		17	%
Impact of FX Translation (2)	(9		)	(27		)	(6		)	(1		)	—							(9		)	—
Net Income - Ex-FX (2)	$	329		$	344		$	353		$	381		$	375		(2	)%	14	%	$	1,264		$	1,487		18	%

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

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

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

GLOBAL CONSUMER BANKING

ASIA (1) - PAGE 2

																4Q18 Increase/
	4Q			1Q			2Q			3Q			4Q			(Decrease) from
	2017			2018			2018			2018			2018			3Q18		4Q17
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)	278			277			273			262			258			(2	)%	(7	)%
Accounts (in millions)	16.0			15.9			15.9			15.9			16.0			1	%	—
Average Deposits	$	96.0		$	99.1		$	97.6		$	97.6		$	97.7		—		2	%
Investment Sales	$	10.7		$	12.5		$	9.5		$	9.1		$	6.8		(25	)%	(36	)%
Investment AUMs	$	68.5		$	69.0		$	68.5		$	69.8		$	67.6		(3	)%	(1	)%
Average Loans	$	68.8		$	70.7		$	69.9		$	69.2		$	68.9		—		—
EOP Loans:
Mortgages	$	33.3		$	33.4		$	32.0		$	32.0		$	31.9		—		(4	)%
Commercial Banking	16.8			17.2			17.2			17.3			16.7			(3	)%	(1	)%
Personal and Other	19.9			20.2			20.1			20.2			20.6			2	%	4	%
Total EOP Loans	$	70.0		$	70.8		$	69.3		$	69.5		$	69.2		—		(1	)%

Total Net Interest Revenue (in millions) (2)	$	695		$	708		$	716		$	711		$	730		3	%	5	%
As a % of Average Loans (2)	4.01		%	4.06		%	4.11		%	4.08		%	4.20		%
Net Credit Losses (in millions)	$	60		$	57		$	58		$	58		$	71		22	%	18	%
As a % of Average Loans	0.35		%	0.33		%	0.33		%	0.33		%	0.41		%
Loans 90+ Days Past Due (in millions)	$	186		$	181		$	189		$	194		$	178		(8	)%	(4	)%
As a % of EOP Loans	0.27		%	0.26		%	0.27		%	0.28		%	0.26		%
Loans 30-89 Days Past Due (in millions)	$	321		$	355		$	319		$	302		$	307		2	%	(4	)%
As a % of EOP Loans	0.46		%	0.50		%	0.46		%	0.43		%	0.44		%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	15.5			15.3			15.3			15.4			15.3			(1	)%	(1	)%
Purchase Sales (in billions)	$	21.9		$	21.5		$	21.3		$	20.9		$	22.2		6	%	1	%
Average Loans (in billions) (3)	$	19.1		$	19.6		$	18.9		$	18.5		$	18.7		1	%	(2	)%
EOP Loans (in billions) (3)	$	19.8		$	19.2		$	18.8		$	18.6		$	19.3		4	%	(3	)%
Average Yield (4)	12.67		%	12.65		%	12.55		%	12.49		%	12.58		%	1	%	(1	)%

Total Net Interest Revenue (in millions) (5)	$	524		$	525		$	510		$	499		$	505		1	%	(4	)%
As a % of Average Loans (6)	10.88		%	10.86		%	10.82		%	10.70		%	10.71		%
Net Credit Losses (in millions)	$	102		$	105		$	112		$	107		$	102		(5	)%	—
As a % of Average Loans	2.12		%	2.17		%	2.38		%	2.29		%	2.16		%
Net Credit Margin (in millions) (6)	$	668		$	626		$	611		$	625		$	630		1	%	(6	)%
As a % of Average Loans (6)	13.88		%	12.95		%	12.97		%	13.40		%	13.37		%
Loans 90+ Days Past Due	$	199		$	198		$	192		$	188		$	199		6	%	—
As a % of EOP Loans	1.01		%	1.03		%	1.02		%	1.01		%	1.03		%
Loans 30-89 Days Past Due	$	259		$	260		$	260		$	251		$	255		2	%	(2	)%
As a % of EOP Loans	1.31		%	1.35		%	1.38		%	1.35		%	1.32		%

(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)

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

Commissions and Fees	$	1,088		$	1,213		$	1,127		$	1,085		$	1,091		1	%	—		$	4,318		$	4,516		5	%
Administration and Other Fiduciary Fees	671			694			713			686			662			(3	)%	(1	)%	2,668			2,755			3	%
Investment Banking	1,145			985			1,246			1,029			1,092			6	%	(5	)%	4,661			4,352			(7	)%
Principal Transactions	1,303			2,884			2,358			2,447			1,163			(52	)%	(11	)%	8,012			8,852			10	%
Other(2)	228			418			154			(18		)	240			NM		5	%	1,179			794			(33	)%
Total Non-Interest Revenue	4,435			6,194			5,598			5,229			4,248			(19	)%	(4	)%	20,838			21,269			2	%
Net Interest Revenue (including Dividends)	3,869			3,654			4,093			4,012			3,966			(1	)%	3	%	15,636			15,725			1	%
Total Revenues, Net of Interest Expense	8,304			9,848			9,691			9,241			8,214			(11	)%	(1	)%	36,474			36,994			1	%
Total Operating Expenses	4,912			5,503			5,458			5,191			4,827			(7	)%	(2	)%	20,415			20,979			3	%
Net Credit Losses	225			105			(1		)	23			45			96	%	(80	)%	365			172			(53	)%
Credit Reserve Build / (Release)	8			(175		)	32			7			32			NM		NM		(221		)	(104		)	53	%
Provision for Unfunded Lending Commitments	34			29			(6		)	41			52			27	%	53	%	(159		)	116			NM
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims	267			(41		)	25			71			129			82	%	(52	)%	(15		)	184			NM
Income from Continuing Operations before Taxes	3,125			4,386			4,208			3,979			3,258			(18	)%	4	%	16,074			15,831			(2	)%
Income Taxes (3)	2,912			1,057			971			862			741			(14	)%	(75	)%	7,008			3,631			(48	)%
Income from Continuing Operations	213			3,329			3,237			3,117			2,517			(19	)%	NM		9,066			12,200			35	%
Noncontrolling Interests	10			15			12			(6		)	(4		)	33	%	NM		57			17			(70	)%
Net Income	$	203		$	3,314		$	3,225		$	3,123		$	2,521		(19	)%	NM		$	9,009		$	12,183		35	%
EOP Assets (in billions)	$	1,336		$	1,407		$	1,397		$	1,404		$	1,394		(1	)%	4	%
Average Assets (in billions)	$	1,385		$	1,388		$	1,406		$	1,402		$	1,419		1	%	2	%	$	1,358		$	1,404		3	%
Return on Average Assets (ROA)	0.06		%	0.97		%	0.92		%	0.88		%	0.70		%					0.66		%	0.87		%
Efficiency Ratio	59		%	56		%	56		%	56		%	59		%					56		%	57		%

Revenue by Region
North America	$	3,046		$	3,265		$	3,511		$	3,329		$	2,809		(16	)%	(8	)%	$	13,923		$	12,914		(7	)%
EMEA	2,441			3,167			3,043			2,927			2,633			(10	)%	8	%	10,879			11,770			8	%
Latin America	1,031			1,210			1,162			1,055			1,077			2	%	4	%	4,385			4,504			3	%
Asia	1,786			2,206			1,975			1,930			1,695			(12	)%	(5	)%	7,287			7,806			7	%
Total Revenues, net of Interest Expense	$	8,304		$	9,848		$	9,691		$	9,241		$	8,214		(11	)%	(1	)%	$	36,474		$	36,994		1	%

Income (loss) from Continuing Operations by Region
North America	$	(1,108	)	$	857		$	1,028		$	870		$	745		(14	)%	NM		$	2,355		$	3,500		49	%
EMEA	431			1,113			987			972			819			(16	)%	90	%	2,832			3,891			37	%
Latin America	333			491			514			541			343			(37	)%	3	%	1,544			1,889			22	%
Asia	557			868			708			734			610			(17	)%	10	%	2,335			2,920			25	%
Income from Continuing Operations	$	213		$	3,329		$	3,237		$	3,117		$	2,517		(19	)%	NM		$	9,066		$	12,200		35	%

Average Loans by Region (in billions)
North America	$	157		$	160		$	165		$	166		171			3	%	9	%	$	151		$	165		9	%
EMEA	73			78			80			82			83			1	%	14	%	69			81			17	%
Latin America	33			34			33			33			34			3	%	3	%	34			34			—
Asia	65			67			68			65			63			(3	)%	(3	)%	62			66			6	%
Total	$	328		$	339		$	346		$	346		$	351		1	%	7	%	$	316		$	346		9	%

EOP Deposits by Region (in billions)
North America	$	296		$	295		$	308		$	318		$	323		2	%	9	%
EMEA	174			189			187			180			184			2	%	6	%
Latin America	25			26			26			26			27			3	%	7	%
Asia	145			156			155			161			156			(3	)%	8	%
Total	$	640		$	666		$	676		$	685		$	690		1	%	8	%

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	432		$	449		$	459		$	470		$	472		—		9	%
All Other ICG Businesses	208			217			217			215			218			1	%	5	%
Total	$	640		$	666		$	676		$	685		$	690		1	%	8	%

(1) See footnote 1 on page 1.

(2) Full year 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)

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

Revenue Details:
Investment Banking:
Advisory	$	316		$	215		$	361		$	262		$	463		77	%	47	%	$	1,123		$	1,301		16	%
Equity Underwriting	251			216			335			259			181			(30	)%	(28	)%	1,121			991			(12	)%
Debt Underwriting	726			699			726			660			634			(4	)%	(13	)%	3,126			2,719			(13	)%
Total Investment Banking	1,293			1,130			1,422			1,181			1,278			8	%	(1	)%	5,370			5,011			(7	)%

Treasury and Trade Solutions	2,236			2,268			2,336			2,283			2,402			5	%	7	%	8,635			9,289			8	%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	513			521			589			563			559			(1	)%	9	%	1,938			2,232			15	%
Private Bank	776			904			848			849			797			(6	)%	3	%	3,108			3,398			9	%
Total Banking Revenues (Ex-Gain/(Loss) on Loan Hedges) (1)	$	4,818		$	4,823		$	5,195		$	4,876		$	5,036		3	%	5	%	$	19,051		$	19,930		5	%

Corporate Lending — Gain/(Loss) on Loan Hedges (1)	21			23			23			(106		)	105			NM		NM		(133		)	45			NM
Total Banking Revenues including G(L) on Loan Hedges (1)	$	4,839		$	4,846		$	5,218		$	4,770		$	5,141		8	%	6	%	$	18,918		$	19,975		6	%

Fixed Income Markets	$	2,463		$	3,418		$	3,076		$	3,199		$	1,942		(39	)%	(21	)%	$	12,351		$	11,635		(6	)%
Equity Markets	567			1,103			864			792			668			(16	)%	18	%	2,879			3,427			19	%
Securities Services	612			641			665			672			653			(3	)%	7	%	2,366			2,631			11	%
Other (2)	(177		)	(160		)	(132		)	(192		)	(190		)	1	%	(7	)%	(40		)	(674		)	NM
Total Markets and Securities Services	$	3,465		$	5,002		$	4,473		$	4,471		$	3,073		(31	)%	(11	)%	$	17,556		$	17,019		(3	)%

Total Revenues, net of Interest Expense	$	8,304		$	9,848		$	9,691		$	9,241		$	8,214		(11	)%	(1	)%	$	36,474		$	36,994		1	%

Taxable-equivalent adjustments (3)	$	174		$	96		$	96		$	98		$	126		29	%	(28	)%	$	716		$	416		(42	)%

Total ICG Revenues including taxable-equivalent adjustments (3)	$	8,478		$	9,944		$	9,787		$	9,339		$	8,340		(11	)%	(2	)%	$	37,190		$	37,410		1	%

Commissions and Fees	$	170		$	176		$	182		$	165		$	183		11	%	8	%	$	641		$	706		10	%

Principal Transactions (4)	1,108			2,184			2,108			2,020			796			(61	)%	(28	)%	6,995			7,108			2	%
Other	132			276			28			84			(8		)	NM		NM		596			380			(36	)%
Total Non-Interest Revenue	$	1,410		$	2,636		$	2,318		$	2,269		$	971		(57	)%	(31	)%	$	8,232		$	8,194		—
Net Interest Revenue	1,053			782			758			930			971			4	%	(8	)%	4,119			3,441			(16	)%
Total Fixed Income Markets	$	2,463		$	3,418		$	3,076		$	3,199		$	1,942		(39	)%	(21	)%	$	12,351		$	11,635		(6	)%

Rates and Currencies	$	1,912		$	2,470		$	2,235		$	2,347		$	1,409		(40	)%	(26	)%	$	8,885		$	8,461		(5	)%
Spread Products / Other Fixed Income	551			948			841			852			533			(37	)%	(3	)%	3,466			3,174			(8	)%
Total Fixed Income Markets	$	2,463		$	3,418		$	3,076		$	3,199		$	1,942		(39	)%	(21	)%	$	12,351		$	11,635		(6	)%

Commissions and Fees	$	313		$	361		$	308		$	284		$	315		11	%	1	%	$	1,271		$	1,268		—
Principal Transactions (4)	79			537			101			284			318			12	%	NM		478			1,240			NM
Other	9			80			20			(3		)	12			NM		33	%	7			109			NM
Total Non-Interest Revenue	$	401		$	978		$	429		$	565		$	645		14	%	61	%	$	1,756		$	2,617		49	%
Net Interest Revenue	166			125			435			227			23			(90	)%	(86	)%	1,123			810			(28	)%
Total Equity Markets	$	567		$	1,103		$	864		$	792		$	668		(16	)%	18	%	$	2,879		$	3,427		19	%

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

(2) Full year 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)

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

Net Interest Revenue	$	429		$	538		$	553		$	554		$	609		10	%	42	%	$	2,000		$	2,254		13	%
Non-interest revenue	322			53			(25		)	(60		)	(139		)	NM		NM		1,132			(171		)	NM
Total Revenues, Net of Interest Expense	751			591			528			494			470			(5	)%	(37	)%	3,132			2,083			(33	)%
Total Operating Expenses	857			741			599			459			473			3	%	(45	)%	3,814			2,272			(40	)%
Net Credit Losses	15			26			(21		)	19			(3		)	NM		NM		149			21			(86	)%
Credit Reserve Build / (Release)	(49		)	(33		)	(95		)	(43		)	(47		)	(9	)%	4	%	(317		)	(218		)	31	%
Provision for Benefits and Claims	(8		)	—			(1		)	(1		)	—			100	%	NM		(7		)	(2		)	71	%
Provision for Unfunded Lending Commitments	(3		)	—			(1		)	(5		)	3			NM		NM		—			(3		)	NM
Total provisions for credit losses and for benefits and claims	(45		)	(7		)	(118		)	(30		)	(47		)	(57	)%	(4	)%	(175		)	(202		)	(15	)%
Income from Continuing Operations before Taxes	(61		)	(143		)	47			65			44			(32	)%	NM		(507		)	13			NM
Income Taxes (Benefits) (3)	19,499			(69		)	62			116			(222		)	NM		NM		19,064			(113		)	NM
Income (Loss) from Continuing Operations	(19,560		)	(74		)	(15		)	(51		)	266			NM		NM		(19,571		)	126			NM
Income (Loss) from Discontinued Operations, net of taxes	(109		)	(7		)	15			(8		)	(8		)	—		93	%	(111		)	(8		)	93	%
Noncontrolling Interests	7			5			13			8			(15		)	NM		NM		(6		)	11			NM
Net Income (Loss)	$	(19,676	)	$	(86	)	$	(13	)	$	(67	)	$	273		NM		NM		$	(19,676	)	$	107		NM
EOP Assets (in billions of dollars)	$	78		$	92		$	93		$	94		$	91		(3	)%	17	%
Average Assets (in billions of dollars)	$	102		$	93		$	94		$	97		$	90		(7	)%	(12	)%	$	101		$	94		(7	)%
Return on Average Assets	(76.53		)%	(0.38		)%	(0.06		)%	(0.27		)%	1.20		%					(19.48		)%	0.11		%
Efficiency Ratio	114		%	125		%	113		%	93		%	101		%					122		%	109		%

Corporate/Other Consumer Key Indicators:

Consumer - International

Branches (actual)	49			48			2			—			—			—		(100	)%
Average Loans (in billions)	$	1.7		$	1.7		$	1.1		$	—		$	—		—		(100	)%	$	1.9		$	0.7
EOP Loans (in billions)	$	1.6		$	1.7		$	—		$	—		$	—		—		(100	)%
Net Interest Revenue	$	74		$	88		$	64		$	—		$	—		—		(100	)%
As a % of Average Loans	17.27		%	20.99		%	23.34		%
Net Credit Losses	$	7		$	23		$	19		$	—		$	—		—		(100	)%	$	82		$	42
As a % of Average Loans	1.63		%	5.49		%	6.93		%											4.32		%	6.00		%
Loans 90+ Days Past Due	$	43		$	32		$	—		$	—		$	—		—		(100	)%
As a % of EOP Loans	2.69		%	1.88		%
Loans 30-89 Days Past Due	$	40		$	44		$	—		$	—		$	—		—		(100	)%
As a % of EOP Loans	2.50		%	2.59		%

Consumer - North America

Branches (actual)	—			—			—			—			—			—		—
Average Loans (in billions of dollars)	$	21.9		$	20.6		$	18.4		$	17.0		$	15.9		(6	)%	(27	)%	$	25.3		$	18.0
EOP Loans (in billions of dollars)	$	21.2		$	19.3		$	17.6		$	16.4		$	15.3		(7	)%	(28	)%
Net Interest Revenue	$	174		$	169		$	148		$	154		$	137		(11	)%	(21	)%
As a % of Average Loans	3.15		%	3.33		%	3.23		%	3.59		%	3.42		%
Net Credit Losses	$	10		$	12		$	(39	)	$	12		$	—		(100	)%	(100	)%	$	74		$	(15	)
As a % of Average Loans	0.18		%	0.24		%	(0.85		)%	0.28		%	0.00		%					0.29		%	-0.08		%
Loans 90+ Days Past Due (4)	$	514		$	446		$	415		$	401		$	382		(5	)%	(26	)%
As a % of EOP Loans	2.56		%	2.42		%	2.49		%	2.57		%	2.62
Loans 30-89 Days Past Due (4)	$	502		$	349		$	355		$	422		$	362		(14	)%	(28	)%
As a % of EOP Loans	2.50		%	1.90		%	2.13		%	2.71		%	2.48		%

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

(2) Income taxes in the fourth quarter of 2017 include $19.8 billion related to Tax Reform. See footnote 1 on page 1.

(3) 4Q18 includes a one-time benefit of $94 million, due to the finalization of the provisional component of the impact based on Citi’s analysis, as well as additional guidance received from the U.S. Treasury Department related to Tax Reform.

(4) See footnote 1 on page 18.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

CORPORATE / OTHER

CONSUMER KEY INDICATORS - Continued

(In millions of dollars, except as otherwise noted)

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

North America Mortgages

Residential First	$	9.4		$	9.0		$	7.9		$	7.3		$	6.8		(7	)%	(28	)%
Home Equity	11.1			10.3			9.3			8.5			7.9			(7	)%	(29	)%
Average Loans (in billions of dollars)	$	20.5		$	19.3		$	17.2		$	15.8		$	14.7		(7	)%	(28	)%

Residential First	$	9.3		$	8.1		$	7.6		$	7.0		$	6.6		(6	)%	(29	)%
Home Equity	10.6			9.9			8.8			8.2			7.7			(6	)%	(27	)%
EOP Loans (in billions of dollars)	$	19.9		$	18.0		$	16.4		$	15.2		$	14.3		(6	)%	(28	)%

Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	12.1		$	11.6		$	11.0		$	10.4		$	9.8		(6	)%	(19	)%
Net Servicing & Gain/(Loss) on Sale	$	23.5		$	8.5		$	18.1		$	69.3		$	3.9		(94	)%	(83	)%
Net Interest Revenue	$	78		$	88		$	80		$	82		$	71		(13	)%	(9	)%
As a % of Avg. Loans	1.51		%	1.85		%	1.87		%	2.06		%	1.92		%

Residential First	$	(1	)	$	3		$	2		$	11		$	2		(82	)%	NM
Home Equity	8			7			(42		)	(1		)	(4		)	NM		NM
Net Credit Losses (NCLs)	$	7		$	10		$	(40	)	$	10		$	(2	)	NM		NM
As a % of Avg. Loans	0.14		%	0.21		%	(0.93		)%	0.25		%	(0.05		)%

Residential First	$	173		$	142		$	141		$	149		$	147		(1	)%	(15	)%
Home Equity	334			298			269			245			227			(7	)%	(32	)%
Loans 90+ Days Past Due (1)	$	507		$	440		$	410		$	394		$	374		(5	)%	(26	)%
As a % of EOP Loans	2.70		%	2.57		%	2.65		%	2.74		%	2.75		%

Residential First	$	284		$	184		$	197		$	247		$	200		(19	)%	(30	)%
Home Equity	195			148			141			155			142			(8	)%	(27	)%
Loans 30-89 Days Past Due (1)	$	479		$	332		$	338		$	402		$	342		(15	)%	(29	)%
As a % of EOP Loans	2.55		%	1.94		%	2.18		%	2.79		%	2.51		%

(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 $0.6 billion and ($1.1 billion), $0.5 billion and ($0.9 billion), $0.4 billion and ($0.9 billion), $0.4 billion and ($0.8 billion), and $0.3 billion and ($0.7 billion) as of December 31, 2017, March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.1 billion and ($1.1 billion), $0.1 billion and ($0.9 billion), and $0.1 billion and ($0.9 billion), $0.1 billion and ($0.8 billion), and $0.1 billion and ($0.7 billion) as of December 31, 2017, March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 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)
	Fourth		Third		Fourth		Fourth		Third		Fourth		Fourth		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2017		2018		2018(5)		2017		2018		2018(5)		2017		2018		2018(5)
Assets:
Deposits with Banks	$	179,810	$	186,907	$	175,251	$	479	$	629	$	649	1.06	%	1.34	%	1.47	%
Fed Funds Sold and Resale Agreements (6)	249,904		268,509		276,132		901		1,425		1,692		1.43	%	2.11	%	2.43	%
Trading Account Assets (7)	211,685		205,013		206,860		1,345		1,662		1,505		2.52	%	3.22	%	2.89	%
Investments	353,050		347,490		352,151		2,248		2,421		2,537		2.53	%	2.76	%	2.86	%
Total Loans (net of Unearned Income) (8)	653,951		670,273		675,474		10,688		11,657		11,981		6.48	%	6.90	%	7.04	%
Other Interest-Earning Assets	63,996		63,741		69,243		317		434		481		1.97	%	2.70	%	2.76	%
Total Average Interest-Earning Assets	$	1,712,396	$	1,741,933	$	1,755,111	$	15,978	$	18,228	$	18,845	3.70	%	4.15	%	4.26	%

Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	760,134	$	793,876	$	818,146	$	1,481	$	2,269	$	2,619	0.77	%	1.13	%	1.27	%
Deposit Insurance and FDIC Assessment			—		—		313		311		176
Total Deposits	760,134		793,876		818,146		1,794		2,580		2,795		0.94	%	1.29	%	1.36	%
Fed Funds Purchased and Repurchase Agreements (6)	162,838		175,832		177,058		780		1,250		1,466		1.90	%	2.82	%	3.28	%
Trading Account Liabilities (7)	89,485		96,131		99,892		176		273		277		0.78	%	1.13	%	1.10	%
Short-Term Borrowings	105,339		108,171		104,596		340		578		637		1.28	%	2.12	%	2.42	%
Long-Term Debt (9)	207,598		205,589		198,174		1,447		1,687		1,678		2.77	%	3.26	%	3.36	%
Total Average Interest-Bearing Liabilities	$	1,325,394	$	1,379,599	$	1,397,866	$	4,537	$	6,368	$	6,853	1.36	%	1.83	%	1.95	%
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment)	$	1,325,394	$	1,379,599	$	1,397,866	$	4,224	$	6,057	$	6,677	1.26	%	1.74	%	1.90	%

Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,441	$	11,860	$	11,992	2.65	%	2.70	%	2.71	%

NIR as a% of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	11,754	$	12,171	$	12,168	2.72	%	2.77	%	2.75	%

4Q18 Increase (Decrease) From													6	bps	1	bps

4Q18 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													3	bps	(2	)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 $128 million for the fourth quarter of 2017, $58 million for the third quarter of 2018 and $69 million for the fourth 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) Fourth quarter of 2018 is preliminary.

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

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

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

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

Reclassified to conform to the current period’s presentation.

DEPOSITS

(In billions of dollars)

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

Global Consumer Banking
North America	$	182.5		$	184.3		$	181.7		$	181.9		$	181.2	—		(1	)%
Latin America	27.1			29.6			28.4			30.1			27.7		(8	)%	2	%
Asia (1)	97.7			100.5			97.8			98.7			99.2		1	%	2	%
Total	$	307.3		$	314.4		$	307.9		$	310.7		$	308.1	(1	)%	—

ICG
North America	$	295.9		$	294.8		$	308.1		$	317.5		$	323.1	2	%	9	%
EMEA	173.7			188.8			187.1			180.0			183.6		2	%	6	%
Latin America	25.4			26.1			25.9			26.3			27.1		3	%	7	%
Asia	144.5			156.3			154.5			160.9			156.1		(3	)%	8	%
Total	$	639.5		$	666.0		$	675.6		$	684.7		$	689.9	1	%	8	%

Corporate/Other	$	13.0		$	20.8		$	13.2		$	9.8		$	15.1	54	%	16	%

Total Deposits - EOP	$	959.8		$	1,001.2		$	996.7		$	1,005.2		$	1,013.1	1	%	6	%

Total Deposits - Average	$	973.3		$	981.9		$	986.2		$	985.7		$	1,005.7	2	%	3	%

Foreign Currency (FX) Translation Impact:
Total EOP Deposits - as Reported	$	959.8		$	1,001.2		$	996.7		$	1,005.2		$	1,013.1	1	%	6	%
Impact of FX Translation (2)	(15.3		)	(23.2		)	(5.6		)	(3.1		)	—
Total EOP Deposits - Ex-FX (2)	$	944.5		$	978.0		$	991.1		$	1,002.1		$	1,013.1	1	%	7	%

(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 fourth 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)

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

Global Consumer Banking

North America
Credit Cards	$	139.7		$	131.7		$	136.7		$	137.8		$	144.5	5	%	3	%
Retail Banking	56.0			55.4			55.7			56.3			56.8		1	%	1	%
Total	$	195.7		$	187.1		$	192.4		$	194.1		$	201.3	4	%	3	%

Latin America
Credit Cards	$	5.4		$	5.7		$	5.4		$	5.8		$	5.7	(2	)%	6	%
Retail Banking	19.9			21.2			20.1			21.0			19.7		(6	)%	(1	)%
Total	$	25.3		$	26.9		$	25.5		$	26.8		$	25.4	(5	)%	—

Asia (1)
Credit Cards	$	19.8		$	19.2		$	18.8		$	18.6		$	19.3	4	%	(3	)%
Retail Banking	70.0			70.8			69.3			69.5			69.2		—		(1	)%
Total	$	89.8		$	90.0		$	88.1		$	88.1		$	88.5	—		(1	)%

Total GCB Consumer Loans
Credit Cards	$	164.9		$	156.6		$	160.9		$	162.2		$	169.5	5	%	3	%
Retail Banking	145.9			147.4			145.1			146.8			145.7		(1	)%	—
Total GCB	$	310.8		$	304.0		$	306.0		$	309.0		$	315.2	2	%	1	%

Corporate/Other - Consumer:

North America
Mortgages	$	19.9		$	18.0		$	16.4		$	15.2		$	14.3	(6	)%	(28	)%
Other	1.3			1.3			1.2			1.2			1.0		(17	)%	(23	)%
Total	$	21.2		$	19.3		$	17.6		$	16.4		$	15.3	(7	)%	(28	)%

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

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

Total Corporate/Other - Consumer	$	22.9		$	21.1		$	17.6		$	16.5		$	15.3	(7	)%	(33	)%

Total Consumer Loans	$	333.7		$	325.1		$	323.6		$	325.5		$	330.5	2	%	(1	)%

Corporate Loans - By Region
North America	$	159.2		$	163.0		$	165.4		$	167.8		$	174.8	4	%	10	%
EMEA	74.4			82.1			82.9			83.8			84.3		1	%	13	%
Latin America	33.5			33.8			32.3			34.0			33.5		(1	)%	—
Asia	66.3			69.0			66.9			63.8			61.1		(4	)%	(8	)%
Total Corporate Loans	$	333.4		$	347.9		$	347.5		$	349.4		$	353.7	1	%	6	%

Corporate Loans - By Product
Corporate Lending	$	126.4		$	134.6		$	130.5		$	127.8		$	129.3	1	%	2	%
Private Bank	87.4			90.1			92.3			94.4			95.7		1	%	9	%
Treasury and Trade Solutions	79.6			81.9			79.7			79.3			78.2		(1	)%	(2	)%
Markets and Securities Services	40.0			41.3			45.0			47.9			50.5		5	%	26	%
Total Corporate Loans	$	333.4		$	347.9		$	347.5		$	349.4		$	353.7	1	%	6	%

Total Loans	$	667.0		$	672.9		$	671.2		$	674.9		$	684.2	1	%	3	%

Foreign Currency (FX) Translation Impact:
Total EOP Loans - as Reported	$	667.0		$	672.9		$	671.2		$	674.9		$	684.2	1	%	3	%
Impact of FX Translation (2)	(9.3		)	(13.8		)	(3.1		)	(2.3		)	—
Total EOP Loans - Ex-FX (2)	$	657.7		$	659.1		$	668.1		$	672.6		$	684.2	2	%	4	%

(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 fourth 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
	4Q			1Q			2Q			3Q			4Q			4Q
	2017			2018			2018			2018			2018			2018

GCB (2)
Total	$	2,478		$	2,379		$	2,345		$	2,404		$	2,619		$	315.2
*Ratio*	0.80		%	0.78		%	0.77		%	0.78		%	0.83		%

Retail Bank (2)
Total	$	515		$	493		$	500		$	508		$	485		$	145.7
Ratio	0.35		%	0.34		%	0.35		%	0.35		%	0.33		%
North America (2)	$	199		$	184		$	179		$	188		$	180		$	56.8
Ratio	0.36		%	0.34		%	0.33		%	0.34		%	0.32		%
Latin America	$	130		$	128		$	132		$	126		$	127		$	19.7
Ratio	0.65		%	0.60		%	0.66		%	0.60		%	0.64		%
Asia (3)	$	186		$	181		$	189		$	194		$	178		$	69.2
Ratio	0.27		%	0.26		%	0.27		%	0.28		%	0.26		%

Cards
Total	$	1,963		$	1,886		$	1,845		$	1,896		$	2,134		$	169.5
Ratio	1.19		%	1.20		%	1.15		%	1.17		%	1.26		%
North America - Citi-Branded	$	768		$	731		$	712		$	707		$	812		$	91.8
Ratio	0.85		%	0.85		%	0.81		%	0.80		%	0.88		%
North America - Retail Services	$	845		$	797		$	781		$	832		$	952		$	52.7
Ratio	1.72		%	1.73		%	1.61		%	1.68		%	1.81		%
Latin America	$	151		$	160		$	160		$	169		$	171		$	5.7
Ratio	2.80		%	2.81		%	2.96		%	2.91		%	3.00		%
Asia (3)	$	199		$	198		$	192		$	188		$	199		$	19.3
Ratio	1.01		%	1.03		%	1.02		%	1.01		%	1.03		%

Corporate/Other - Consumer (2)	$	557		$	478		$	415		$	401		$	382		$	15.3
*Ratio*	2.57		%	2.38		%	2.49		%	2.57		%	2.62		%
International	$	43		$	32		$	—		$	—		$	—		$	—
Ratio	2.69		%	1.88		%
North America (2)	$	514		$	446		$	415		$	401		$	382		$	15.3
Ratio	2.56		%	2.42		%	2.49		%	2.57		%	2.62		%

Total Citigroup (2)	$	3,035		$	2,857		$	2,760		$	2,805		$	3,001		$	330.5
Ratio	0.91		%	0.88		%	0.86		%	0.87		%	0.91		%

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

GCB (2)
Total	$	2,762		$	2,710		$	2,558		$	2,890		$	2,902		$	315.2
*Ratio*	0.89		%	0.89		%	0.84		%	0.94		%	0.92		%

Retail Bank (2)
Total	$	822		$	830		$	754		$	857		$	790		$	145.7
Ratio	0.57		%	0.57		%	0.52		%	0.59		%	0.54		%
North America (2)	$	306		$	227		$	252		$	320		$	282		$	56.8
Ratio	0.55		%	0.41		%	0.46		%	0.58		%	0.50		%
Latin America	$	195		$	248		$	183		$	235		$	201		$	19.7
Ratio	0.98		%	1.17		%	0.91		%	1.12		%	1.02		%
Asia (3)	$	321		$	355		$	319		$	302		$	307		$	69.2
Ratio	0.46		%	0.50		%	0.46		%	0.43		%	0.44		%

Cards
Total	$	1,940		$	1,880		$	1,804		$	2,033		$	2,112		$	169.5
Ratio	1.18		%	1.20		%	1.12		%	1.25		%	1.25		%
North America - Citi-Branded	$	698		$	669		$	627		$	722		$	755		$	91.8
Ratio	0.77		%	0.78		%	0.71		%	0.82		%	0.82		%
North America - Retail Services	$	830		$	791		$	761		$	890		$	932		$	52.7
Ratio	1.69		%	1.72		%	1.57		%	1.80		%	1.77		%
Latin America	$	153		$	160		$	156		$	170		$	170		$	5.7
Ratio	2.83		%	2.81		%	2.89		%	2.93		%	2.98		%
Asia (3)	$	259		$	260		$	260		$	251		$	255		$	19.3
Ratio	1.31		%	1.35		%	1.38		%	1.35		%	1.32		%

Corporate/Other - Consumer (2)	$	542		$	393		$	355		$	422		$	362		$	15.3
*Ratio*	2.50		%	1.96		%	2.13		%	2.71		%	2.48		%
International	$	40		$	44		$	—		$	—		$	—		$	—
Ratio	2.50		%	2.59		%
North America (2)	$	502		$	349		$	355		$	422		$	362		$	15.3
Ratio	2.50		%	1.90		%	2.13		%	2.71		%	2.48		%

Total Citigroup (2)	$	3,304		$	3,103		$	2,913		$	3,312		$	3,264		$	330.5
Ratio	1.00		%	0.96		%	0.90		%	1.02		%	0.99		%

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

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

																4Q18 Increase/				Full			Full			YTD 2018 vs.
	4Q			1Q			2Q			3Q			4Q			(Decrease) from				Year			Year			YTD 2017 Increase/
	2017			2018			2018			2018			2018			3Q18		4Q17		2017			2018			(Decrease)
Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	12,366		$	12,355		$	12,354		$	12,126		$	12,336						$	12,060		$	12,355

Gross Credit (Losses)	(2,279		)	(2,296		)	(2,109		)	(2,094		)	(2,166		)	(3	)%	5	%	(8,673		)	(8,665		)	—
Gross Recoveries	399			429			405			338			380			12	%	(5	)%	1,597			1,552			(3	)%
Net Credit (Losses) / Recoveries (NCLs)	(1,880		)	(1,867		)	(1,704		)	(1,756		)	(1,786		)	2	%	(5	)%	(7,076		)	(7,113		)	1	%
NCLs	1,880			1,867			1,704			1,756			1,786			2	%	(5	)%	7,076			7,113			1	%
Net Reserve Builds / (Releases)	78			102			31			169			92			(46	)%	18	%	544			394			(28	)%
Net Specific Reserve Builds / (Releases)	58			(166		)	60			(19		)	(28		)	(47	)%	NM		(117		)	(153		)	(31	)%
Provision for Loan Losses	2,016			1,803			1,795			1,906			1,850			(3	)%	(8	)%	7,503			7,354			(2	)%
Other (2) (3) (4) (5) (6) (7)	(147		)	63			(319		)	60			(85		)	NM		42	%	(132		)	(281		)
Allowance for Loan Losses at End of Period (1) (a)	$	12,355		$	12,354		$	12,126		$	12,336		$	12,315						$	12,355		$	12,315

Allowance for Unfunded Lending Commitments (8) (a)	$	1,258		$	1,290		$	1,278		$	1,321		$	1,367						$	1,258		$	1,367

Provision (Release) for Unfunded Lending Commitments	$	29		$	28		$	(4	)	$	42		$	47						$	(161	)	$	113

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	13,613		$	13,644		$	13,404		$	13,657		$	13,682						$	13,613		$	13,682

Total Allowance for Loan Losses as a Percentage of Total Loans (9) (10)	1.86		%	1.85		%	1.81		%	1.84		%	1.81		%

Consumer:
Allowance for Loan Losses at Beginning of Period (1)	$	9,892		$	9,869		$	10,039		$	9,796		$	9,997						$	9,358		$	9,869

Net Credit Losses (NCLs)	(1,658		)	(1,771		)	(1,706		)	(1,726		)	(1,741		)	1	%	5	%	(6,697		)	(6,944		)	4	%
NCLs	1,658			1,771			1,706			1,726			1,741			1	%	5	%	6,697			6,944			4	%
Net Reserve Builds / (Releases)	115			121			61			135			21			(84	)%	(82	)%	811			338			(58	)%
Net Specific Reserve Builds / (Releases)	12			(11		)	(3		)	8			12			50	%	—		(145		)	6			NM
Provision for Loan Losses	1,785			1,881			1,764			1,869			1,774			(5	)%	(1	)%	7,363			7,288			(1	)%
Other (2) (3) (4) (5) (6) (7)	(150		)	60			(301		)	58			(80		)	NM		47	%	(155		)	(263		)	(70	)%
Allowance for Loan Losses at End of Period (1) (b)	$	9,869		$	10,039		$	9,796		$	9,997		$	9,950						$	9,869		$	9,950

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

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

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	9,902		$	10,071		$	9,830		$	10,037		$	9,982						$	9,902		$	9,982

Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (9)	2.96		%	3.09		%	3.03		%	3.07		%	3.01		%

Corporate
Allowance for Loan Losses at Beginning of Period (1)	$	2,474		$	2,486		$	2,315		$	2,330		$	2,339						$	2,702		$	2,486

Net Credit (Losses) / Recoveries (NCL’s)	(222		)	(96		)	2			(30		)	(45		)	50	%	(80	)%	(379		)	(169		)	(55	)%
NCLs	222			96			(2		)	30			45			50	%	(80	)%	379			169			(55	)%
Net Reserve Builds / (Releases)	(37		)	(19		)	(30		)	34			71			NM		NM		(267		)	56			NM
Net Specific Reserve Builds / (Releases)	46			(155		)	63			(27		)	(40		)	(48	)%	NM		28			(159		)	NM
Provision for Loan Losses	231			(78		)	31			37			76			NM		(67	)%	140			66			(53	)%
Other (2)	3			3			(18		)	2			(5		)					23			(18		)
Allowance for Loan Losses at End of Period (1) (c)	$	2,486		$	2,315		$	2,330		$	2,339		$	2,365						$	2,486		$	2,365

Corporate Allowance for Unfunded Lending Commitments (8) (c)	$	1,225		$	1,258		$	1,244		$	1,281		$	1,335						$	1,225		$	1,335

Provision (Release) for Unfunded Lending Commitments	$	31		$	29		$	(7	)	$	36		$	55						$	(159	)	$	113

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (c)]	$	3,711		$	3,573		$	3,574		$	3,620		$	3,700						$	3,711		$	3,700

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

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

ALLOWANCE FOR CREDIT LOSSES - PAGE 2

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

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

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

(3) The 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.

(4) 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.

(5) 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.

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

(7) The fourth quarter of 2018 includes a reduction of approximately $4 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $3 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the third quarter includes a decrease of approximately $76 million related to FX translation.

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

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

(10) December 31, 2017, March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018 exclude $4.4 billion, $4.5 billion, $3.0 billion, $4.2 billion and $3.2 billion, respectively, of corporate loans which are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

COMPONENTS OF PROVISION FOR LOAN LOSSES

(In millions of dollars)

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

Global Consumer Banking
Net Credit Losses	$	1,640		$	1,736		$	1,726		$	1,714		$	1,744		2	%	6	%	$	6,562		$	6,920		5	%
Credit Reserve Build / (Release)	177			144			154			186			79			(58	)%	(55	)%	965			563			(42	)%
North America
Net Credit Losses	1,186			1,296			1,278			1,242			1,281			3	%	8	%	4,796			5,097			6	%
Credit Reserve Build / (Release)	153			123			115			116			84			(28	)%	(45	)%	869			438			(50	)%
Retail Banking
Net Credit Losses	30			43			32			32			31			(3	)%	3	%	194			138			(29	)%
Credit Reserve Build / (Release)	3			(20		)	(6		)	1			11			NM		NM		(44		)	(14		)	68	%
Citi-Branded Cards
Net Credit Losses	592			651			657			644			650			1	%	10	%	2,447			2,602			6	%
Credit Reserve Build / (Release)	87			75			51			59			41			(31	)%	(53	)%	397			226			(43	)%
Citi Retail Services
Net Credit Losses	564			602			589			566			600			6	%	6	%	2,155			2,357			9	%
Credit Reserve Build / (Release)	63			68			70			56			32			(43	)%	(49	)%	516			226			(56	)%
Latin America
Net Credit Losses	292			278			278			307			290			(6	)%	(1	)%	1,117			1,153			3	%
Credit Reserve Build / (Release)	19			42			33			31			(23		)	NM		NM		125			83			(34	)%
Retail Banking
Net Credit Losses	153			132			138			153			144			(6	)%	(6	)%	584			567			(3	)%
Credit Reserve Build / (Release)	(5		)	10			9			9			(34		)	NM		NM		49			(6		)	NM
Citi-Branded Cards
Net Credit Losses	139			146			140			154			146			(5	)%	5	%	533			586			10	%
Credit Reserve Build / (Release)	24			32			24			22			11			(50	)%	(54	)%	76			89			17	%
Asia (1)
Net Credit Losses	162			162			170			165			173			5	%	7	%	649			670			3	%
Credit Reserve Build / (Release)	5			(21		)	6			39			18			(54	)%	NM		(29		)	42			NM
Retail Banking
Net Credit Losses	60			57			58			58			71			22	%	18	%	245			244			—
Credit Reserve Build / (Release)	6			(13		)	5			13			—			(100	)%	(100	)%	(32		)	5			NM
Citi-Branded Cards
Net Credit Losses	102			105			112			107			102			(5	)%	—		404			426			5	%
Credit Reserve Build / (Release)	(1		)	(8		)	1			26			18			(31	)%	NM		3			37			NM

Institutional Clients Group (ICG)
Net Credit Losses	225			105			(1		)	23			45			96	%	(80	)%	365			172			(53	)%
Credit Reserve Build / (Release)	8			(175		)	32			7			32			NM		NM		(221		)	(104		)	53	%

Corporate / Other
Net Credit Losses	15			26			(21		)	19			(3		)	NM		NM		149			21			(86	)%
Credit Reserve Build / (Release)	(49		)	(33		)	(95		)	(43		)	(47		)	(9	)%	4	%	(317		)	(218		)	31	%

Total Provision for Loan Losses	$	2,016		$	1,803		$	1,795		$	1,906		$	1,850		(3	)%	(8	)%	$	7,503		$	7,354		(2	)%

(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)

																4Q18 Increase/
	4Q			1Q			2Q			3Q			4Q			(Decrease) from
	2017			2018			2018			2018			2018			3Q18		4Q17
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region
North America	$	784		$	817		$	784		$	679		$	483		(29	)%	(38	)%
EMEA	849			561			391			362			375			4	%	(56	)%
Latin America	280			263			204			266			230			(14	)%	(18	)%
Asia	29			27			244			233			223			(4	)%	NM
Total	$	1,942		$	1,668		$	1,623		$	1,540		$	1,311		(15	)%	(32	)%

Consumer Non-Accrual Loans By Region (2)
North America	$	1,650		$	1,500		$	1,373		$	1,323		$	1,241		(6	)%	(25	)%
Latin America	756			791			726			764			715			(6	)%	(5	)%
Asia (3)	284			284			284			287			270			(6	)%	(5	)%
Total	$	2,690		$	2,575		$	2,383		$	2,374		$	2,226		(6	)%	(17	)%

OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS

Institutional Clients Group	$	37		$	19		$	23		$	33		$	29		(12	)%	(22	)%
Global Consumer Banking	26			28			23			20			20			—		(23	)%
Corporate/Other	81			67			55			56			50			(11	)%	(38	)%
TOTAL OTHER REAL ESTATE OWNED (OREO) (4)	$	144		$	114		$	101		$	109		$	99		(9	)%	(31	)%

OREO By Region:
North America	$	89		$	70		$	66		$	76		$	64		(16	)%	(28	)%
EMEA	2			—			1			1			1			—		(50	)%
Latin America	35			29			24			25			12			(52	)%	(66	)%
Asia	18			15			10			7			22			NM		22	%
Total	$	144		$	114		$	101		$	109		$	99		(9	)%	(31	)%

Non-Accrual Assets (NAA) (5)
Corporate Non-Accrual Loans	$	1,942		$	1,668		$	1,623		$	1,540		$	1,311		(15	)%	(32	)%
Consumer Non-Accrual Loans	2,690			2,575			2,383			2,374			2,226			(6	)%	(17	)%
Non-Accrual Loans (NAL)	4,632			4,243			4,006			3,914			3,537			(10	)%	(24	)%
OREO	144			114			101			109			99			(9	)%	(31	)%
Non-Accrual Assets (NAA)	$	4,776		$	4,357		$	4,107		$	4,023		$	3,636		(10	)%	(24	)%

NAL as a % of Total Loans	0.69		%	0.63		%	0.60		%	0.58		%	0.52		%
NAA as a % of Total Assets	0.26		%	0.23		%	0.21		%	0.21		%	0.19		%

Allowance for Loan Losses as a % of NAL	267		%	291		%	303		%	315		%	348		%

(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 Statement of Position (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)

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

Citigroup Common Stockholders’ Equity(4)	$	181,671		$	182,943		$	181,243		$	178,153		$	177,928
Add: Qualifying noncontrolling interests	153			140			145			148			147
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(5)	(698		)	(920		)	(1,021		)	(1,095		)	(729		)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(6)	(721		)	(498		)	(162		)	(503		)	580
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(7)	22,052			22,482			21,809			21,891			21,823
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	4,401			4,209			4,461			4,304			4,313
Defined benefit pension plan net assets	896			871			882			931			806
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	13,072			12,811			12,551			12,345			11,825
Common Equity Tier 1 Capital (CET1)	$	142,822		$	144,128		$	142,868		$	140,428		$	139,457
Risk-Weighted Assets (RWA)	$	1,155,099		$	1,195,981		$	1,176,863		$	1,196,923		$	1,170,742
Common Equity Tier 1 Capital Ratio (CET1/RWA)	12.36		%	12.05		%	12.14		%	11.73		%	11.9		%

Supplementary Leverage Ratio and Components

Common Equity Tier 1 Capital (CET1)	$	142,822		$	144,128		$	142,868		$	140,428		$	139,457
Additional Tier 1 Capital (AT1)(8)	19,555			19,362			19,134			19,449			18,864
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	162,377		$	163,490		$	162,002		$	159,877		$	158,321
Total Leverage Exposure (TLE)	$	2,432,491		$	2,436,817		$	2,453,497		$	2,459,993		$	2,461,844
Supplementary Leverage Ratio (T1C/TLE)	6.68		%	6.71		%	6.60		%	6.50		%	6.4		%

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

Common Stockholders’ Equity	$	181,487		$	182,759		$	181,059		$	177,969		$	177,760
Less:
Goodwill	22,256			22,659			22,058			22,187			22,046
Intangible assets (other than MSRs)	4,588			4,450			4,729			4,598			4,636
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS	32			48			32			—			—
Tangible Common Equity (TCE)	$	154,611		$	155,602		$	154,240		$	151,184		$	151,078
Common Shares Outstanding (CSO)	2,569.9			2,549.9			2,516.6			2,442.1			2,368.5
Book Value Per Share (Common Equity/CSO)	$	70.62		$	71.67		$	71.95		$	72.88		$	75.05
Tangible Book Value Per Share (TCE/CSO)	$	60.16		$	61.02		$	61.29		$	61.91		$	63.79

(1) See footnote 2 on page 1.

(2) See footnote 1 on page 1.

(3) Preliminary.

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

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

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

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

(8) 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 - January 14, 2019

Attached files