SUBSIDIARY GUARANTEES

3 Months Ended

Mar. 31, 2025

Condensed Financial Information Disclosure [Abstract]

SUBSIDIARY GUARANTEES

SUBSIDIARY GUARANTEES

Citigroup Inc. has fully and unconditionally guaranteed the payments due on debt securities issued by Citigroup Global Markets Holdings Inc. (CGMHI), a wholly owned subsidiary, under the Senior Debt Indenture dated as of March 8, 2016, between CGMHI, Citigroup Inc. and The Bank of New York Mellon, as trustee. In addition, Citigroup Capital III and Citigroup Capital XIII (collectively, the Capital Trusts), each of which is a wholly owned finance subsidiary of Citigroup Inc., have issued trust preferred securities. Citigroup Inc. has guaranteed the payments due on the trust preferred securities

to the extent that the Capital Trusts have insufficient available funds to make payments on the trust preferred securities. The guarantee, together with Citigroup Inc.’s other obligations with respect to the trust preferred securities, effectively provides a full and unconditional guarantee of amounts due on the trust preferred securities (see Note 18). No other subsidiary of Citigroup Inc. guarantees the debt securities issued by CGMHI or the trust preferred securities issued by the Capital Trusts.

Summarized financial information for Citigroup Inc. and CGMHI is presented in the tables below:

SUMMARIZED INCOME STATEMENT

	Three Months Ended
	March 31, 2025
In millions of dollars	Citigroup parent company		CGMHI
Total revenues, net of interest expense	$	352	$	3,330
Total operating expenses	66		4,987
Provision for credit losses	—		28
Equity in undistributed income of subsidiaries	3,061		—
Income (loss) from continuing operations before income taxes	$	3,347	$	(1,685)
Provision (benefit) for income taxes	(717)		22
Net income (loss)	$	4,064	$	(1,707)

SUMMARIZED BALANCE SHEET

	March 31, 2025				December 31, 2024
In millions of dollars	Citigroup parent company		CGMHI		Citigroup parent company		CGMHI
Cash and deposits with banks	$	4,009	$	20,632	$	4,014	$	19,464
Securities borrowed and purchased under resale agreements	—		327,365		—		215,995
Trading account assets	199		330,436		203		294,396
Advances to subsidiaries	154,435		—		150,790		—
Investments in subsidiary bank holding company	182,904		—		179,253		—
Investments in non-bank subsidiaries	47,451		—		46,549		—
Other assets(1)	16,794		163,178		14,642		158,080
Total assets	$	405,792	$	841,611	$	395,451	$	687,935
Securities loaned and sold under agreements to repurchase	$	—	$	407,196	$	—	$	268,178
Trading account liabilities	42		100,101		69		89,146
Short-term borrowings	—		29,920		—		29,410
Long-term debt	168,440		186,001		164,024		184,516
Advances from subsidiaries	22,223		—		19,974		—
Other liabilities	2,679		83,397		2,786		80,486
Stockholders’ equity	212,408		34,996		208,598		36,199
Total liabilities and equity	$	405,792	$	841,611	$	395,451	$	687,935

(1)    Other assets of CGMHI includes loans to affiliates of $95 billion and $91 billion at March 31, 2025 and December 31, 2024, respectively.