-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L0ummAfLvf/GLIxNV5X2UhiMMLlg5e59tz5xbuDd46IV3vZBsmkz1aXMO+8GFpwr D6Qv+9mRm6Z02ZiNK3lsWw== 0000839947-04-000053.txt : 20040416 0000839947-04-000053.hdr.sgml : 20040416 20040416164303 ACCESSION NUMBER: 0000839947-04-000053 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040415 ITEM INFORMATION: Other events FILED AS OF DATE: 20040416 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CITICORP CENTRAL INDEX KEY: 0000020405 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 132614988 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-05738 FILM NUMBER: 04738689 BUSINESS ADDRESS: STREET 1: 399 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10043 BUSINESS PHONE: 2125591000 MAIL ADDRESS: STREET 1: 425 PARK AVE- 2ND F STREET 2: ATTN: LEGAL AFFAIRS OFFICE CITY: NEW YORK STATE: NY ZIP: 10043 FORMER COMPANY: FORMER CONFORMED NAME: FIRST NATIONAL CITY CORP DATE OF NAME CHANGE: 19740414 FORMER COMPANY: FORMER CONFORMED NAME: CITY BANK OF NEW YORK NATIONAL ASSOCIATI DATE OF NAME CHANGE: 19680903 8-K 1 april8k.txt APRIL 8K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 15, 2004 Citicorp (Exact name of registrant as specified in charter) Delaware 1-5738 06-1515595 - ------------------------- ------------- ---------------------- (State or other juris- (Commission (IRS Employer diction of incorporation) File Number) Identification Number) 399 Park Avenue, New York, New York 10043 - ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 559-1000 ------------------------------------------------------------------ Not Applicable ------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events. ------------- Results of Operations (Unaudited) This report summarizes the results of operations of Citicorp and its subsidiaries for the three-month periods ended March 31, 2004 and March 31, 2003. Citigroup Inc., the ultimate parent company of Citicorp, filed a Current Report on Form 8-K dated April 15, 2004. That report contains certain additional information about Citicorp's businesses. CONSOLIDATED STATEMENTS OF INCOME CITICORP AND SUBSIDIARIES (Unaudited) (In Millions of Dollars) First Quarter ------------------- 2004 2003 (1) ------------------- INTEREST REVENUE Loans, including Fees $10,775 $9,428 Deposits with Banks 206 263 Federal Funds Sold and Securities Purchased Under Agreements to Resell 112 92 Investments, including Dividends 1,213 1,204 Trading Account Assets 447 368 Loans Held-For-Sale 79 257 ------------------- 12,832 11,612 ------------------- INTEREST EXPENSE Deposits 1,875 1,933 Trading Account Liabilities 30 11 Purchased Funds and Other Borrowings 483 472 Long-Term Debt 921 937 ------------------- 3,309 3,353 ------------------- NET INTEREST REVENUE 9,523 8,259 ------------------- POLICYHOLDER BENEFITS AND CLAIMS 136 148 PROVISION FOR CREDIT LOSSES 2,230 2,052 ------------------- TOTAL BENEFITS, CLAIMS, AND 2,366 2,200 CREDIT LOSSES ------------------- NET INTEREST REVENUE AFTER BENEFITS, CLAIMS, AND CREDIT LOSSES 7,157 6,059 ------------------- FEES, COMMISSIONS, AND OTHER REVENUE Fees and Commissions 3,201 2,703 Foreign Exchange 492 907 Trading Account 487 (17) Investment Transactions 112 112 Other Revenue 1,624 1,324 ------------------- 5,916 5,029 ------------------- OPERATING EXPENSE Salaries 2,727 2,589 Employee Benefits 678 579 ------------------- Total Employee-Related Expenses 3,405 3,168 Net Premises and Equipment 924 874 Restructuring-Related Items (3) (12) Other Expense 2,911 2,466 ------------------- 7,237 6,496 ------------------- INCOME BEFORE INCOME TAXES AND MINORITY INTEREST 5,836 4,592 INCOME TAXES 1,830 1,437 MINORITY INTEREST, NET OF INCOME TAXES 73 38 ------------------- NET INCOME $ 3,933 $ 3,117 =================== - --------------- (1) Reclassified to conform to the current period's presentation. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CITICORP (Registrant) By: /s/ William P. Hannon --------------------- William P. Hannon Controller Dated: April 15, 2004 -----END PRIVACY-ENHANCED MESSAGE-----