REGULATORY CAPITAL

12 Months Ended

Dec. 31, 2022

REGULATORY CAPITAL Citigroup is subject to risk-based capital and leverage standards issued by the Federal Reserve Board, which constitute the U.S. Basel III rules. Citi’s U.S.-insured depository institution subsidiaries, including Citibank, are subject to similar standards issued by their respective primary bank regulatory agencies. These standards are used to evaluate

capital adequacy and include the required minimums shown in the following table. The regulatory agencies are required by law to take specific, prompt corrective actions with respect to institutions that do not meet minimum capital standards.

The following table presents for Citigroup and Citibank the regulatory capital tiers, total risk-weighted assets, quarterly adjusted average total assets, Total Leverage Exposure, risk-based capital ratios and leverage ratios:


In millions of dollars, except ratios	Stated minimum		Citigroup								Citibank
			Well- capitalized minimum		December 31, 2022			December 31, 2021			Well- capitalized minimum		December 31, 2022			December 31, 2021
CET1 Capital					$	148,930		$	149,305				$	149,593		$	148,548
Tier 1 Capital					169,145			169,568					151,720			150,679
Total Capital (Tier 1 Capital + Tier 2 Capital)—Standardized Approach					197,543			203,838					172,647			175,427
Total Capital (Tier 1 Capital + Tier 2 Capital)—Advanced Approaches					188,839			194,006					165,131			166,921
Total risk-weighted assets—Standardized Approach					1,142,985			1,219,175					982,914			1,066,015
Total risk-weighted assets—Advanced Approaches					1,221,538			1,209,374					1,003,747			1,017,774
Quarterly adjusted average total assets(1)					2,395,863			2,351,434					1,738,744			1,716,596
Total Leverage Exposure(2)					2,906,773			2,957,764					2,189,541			2,236,839
CET1 Capital ratio(3)	4.5	%	N/A		13.03		%	12.25		%	6.5	%	14.90		%	13.93		%
Tier 1 Capital ratio(3)	6.0		6.0	%	14.80			13.91			8.0		15.12			14.13
Total Capital ratio(3)	8.0		10.0		15.46			16.04			10.0		16.45			16.40
Tier 1 Leverage ratio	4.0		N/A		7.06			7.21			5.0		8.73			8.78
Supplementary Leverage ratio	3.0		N/A		5.82			5.73			6.0		6.93			6.74

(1)Tier 1 Leverage ratio denominator.

(2)Supplementary Leverage ratio denominator.

(3)Citi’s binding CET1 Capital and Tier 1 Capital ratios were derived under the Basel III Standardized Approach as of December 31, 2022 and 2021, whereas Citi’s binding Total Capital ratio was derived under the Basel III Advanced Approaches framework for both periods presented. Citibank’s binding CET1 Capital and Tier 1 Capital ratios were derived under the Basel III Advanced Approaches framework as of December 31, 2022, and were derived under the Basel III Standardized Approach as of December 31, 2021. Citibank’s binding Total Capital ratio was derived under the Basel III Advanced Approaches framework for both periods presented.

N/A Not applicable

As indicated in the table above, Citigroup and Citibank were “well capitalized” under the current federal bank regulatory agencies definitions as of December 31, 2022 and 2021.

Banking Subsidiaries—Constraints on Dividends

There are various legal limitations on the ability of Citigroup’s subsidiary depository institutions to extend credit, pay dividends or otherwise supply funds to Citigroup and its non-bank subsidiaries. The approval of the Office of the Comptroller of the Currency is required if total dividends declared in any calendar year were to exceed amounts specified by the agency’s regulations.

In determining the dividends, each subsidiary depository institution must also consider its effect on applicable risk-based capital and leverage ratio requirements, as well as policy statements of the federal bank regulatory agencies that indicate that banking organizations should generally pay dividends out of current operating earnings. Citigroup received $8.5 billion and $6.2 billion in dividends indirectly from Citibank through its holding company during 2022 and 2021, respectively.

- Definition

The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time. This disclosure also includes the entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

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