PRINCIPAL TRANSACTIONS

6 Months Ended

Jun. 30, 2011

PRINCIPAL TRANSACTIONS

PRINCIPAL TRANSACTIONS

6.    PRINCIPAL TRANSACTIONS

        Principal transactions revenue consists of realized and unrealized gains and losses from trading activities. Trading activities include revenues from fixed income, equities, credit and commodities products, as well as foreign exchange transactions. Not included in the table below is the impact of net interest revenue related to trading activities, which is an integral part of trading activities' profitability. See Note 4 to the Consolidated Financial Statements for information on net interest revenue related to trading activity. The following table presents principal transactions revenue for the three and six months ended June 30, 2011 and 2010:

		Three Months Ended June 30,						Six Months Ended June 30,
In millions of dollars		2011			2010			2011			2010
Regional Consumer Banking		$	156		$	79		$	249		$	238
Institutional Clients Group			1,288			1,777			3,548			5,084
	Subtotal Citicorp	$	1,444		$	1,856		$	3,797		$	5,322
Local Consumer Lending			(29	)		(19	)		(46	)		(143	)
Brokerage and Asset Management			3			(2	)		15			(28	)
Special Asset Pool			1,105			603			1,737			1,750
	Subtotal Citi Holdings	$	1,079		$	582		$	1,706		$	1,579
Corporate/Other			93			(76	)		280			(423	)
Total Citigroup		$	2,616		$	2,362		$	5,783		$	6,478

	Three Months Ended June 30,					Six Months Ended June 30,
In millions of dollars	2011		2010			2011		2010
Interest rate contracts(1)	$	1,722	$	2,376		$	3,346	$	3,750
Foreign exchange contracts(2)		595		262			1,382		503
Equity contracts(3)		147		(250	)		575		315
Commodity and other contracts(4)		49		121			24		230
Credit derivatives(5)		103		(147	)		456		1,680
Total Citigroup	$	2,616	$	2,362		$	5,783	$	6,478

(1)

Includes revenues from government securities and corporate debt, municipal securities, preferred stock, mortgage securities and other debt instruments. Also includes spot and forward trading of currencies and exchange-traded and over-the-counter (OTC) currency options, options on fixed income securities, interest rate swaps, currency swaps, swap options, caps and floors, financial futures, OTC options and forward contracts on fixed income securities.

(2)

Includes revenues from foreign exchange spot, forward, option and swap contracts, as well as transaction gains and losses.

(3)

Includes revenues from common, preferred and convertible preferred stock, convertible corporate debt, equity-linked notes, and exchange-traded and OTC equity options and warrants.

(4)

Primarily includes revenues from crude oil, refined oil products, natural gas and other commodities trades.

(5)

Includes revenues from structured credit products.