CONDENSED CONSOLIDATING FINANCIAL STATEMENTS SCHEDULES (Tables)

3 Months Ended

Mar. 31, 2012

CONDENSED CONSOLIDATING FINANCIAL STATEMENTS SCHEDULES

Condensed Consolidating Statements of Income

	Three months ended March 31, 2012
In millions of dollars	Citigroup parent company			CGMHI			CFI			CCC			Associates			Other Citigroup subsidiaries, eliminations and income from discontinued operations			Consolidating adjustments			Citigroup consolidated
Revenues
Dividends from subsidiaries	$	1,500		$	—		$	—		$	—		$	—		$	—		$	(1,500	)	$	—
Interest revenue		66			1,253			7			846			985			15,226			(846	)		17,537
Interest revenue—intercompany		908			239			342			25			95			(1,584	)		(25	)		—
Interest expense		1,940			483			382			26			69			2,716			(26	)		5,590
Interest expense—intercompany		(115	)		631			(108	)		277			250			(658	)		(277	)		—
Net interest revenue	$	(851	)	$	378		$	75		$	568		$	761		$	11,584		$	(568	)	$	11,947
Commissions and fees		—			1,090			—			2			22			2,026			(2	)		3,138
Commissions and fees—intercompany		—			30			—			(2	)		4			(34	)		2			—
Principal transactions		67			(60	)		(1,008	)		—			4			2,928			—			1,931
Principal transactions—intercompany		10			781			277			—			—			(1,068	)		—			—
Other income		1,265			171			30			(94	)		(59	)		983			94			2,390
Other income—intercompany		(1,467	)		(322	)		(123	)		—			(27	)		1,939			—			—
Total non-interest revenues	$	(125	)	$	1,690		$	(824	)	$	(94	)	$	(56	)	$	6,774		$	94		$	7,459
Total revenues, net of interest expense	$	524		$	2,068		$	(749	)	$	474		$	705		$	18,358		$	(1,974	)	$	19,406
Provisions for credit losses and for benefits and claims	$	—		$	5		$	—		$	468		$	506		$	2,508		$	(468	)	$	3,019
Expenses
Compensation and benefits	$	60		$	1,403		$	—		$	94		$	131		$	4,791		$	(94	)	$	6,385
Compensation and benefits—intercompany		2			55			—			27			27			(84	)		(27	)		—
Other expense		407			590			—			92			129			4,808			(92	)		5,934
Other expense—intercompany		127			181			1			23			27			(336	)		(23	)		—
Total operating expenses	$	596		$	2,229		$	1		$	236		$	314		$	9,179		$	(236	)	$	12,319
Income (loss) before taxes and equity in undistributed income of subsidiaries	$	(72	)	$	(166	)	$	(750	)	$	(230	)	$	(115	)	$	6,671		$	(1,270	)	$	4,068
Provision (benefit) for income taxes		91			(154	)		(281	)		(111	)		(70	)		1,420			111			1,006
Equity in undistributed income of subsidiaries		3,094			—			—			—			—			—			(3,094	)		—
Income (loss) from continuing operations	$	2,931		$	(12	)	$	(469	)	$	(119	)	$	(45	)	$	5,251		$	(4,475	)	$	3,062
Income (loss) from discontinued operations, net of taxes		—			—			—			—			—			(5	)		—			(5	)
Net income (loss) before attribution of noncontrolling interests	$	2,931		$	(12	)	$	(469	)	$	(119	)	$	(45	)	$	5,246		$	(4,475	)	$	3,057
Net income (loss) attributable to noncontrolling interests		—			9			—			—			—			117			—			126
Net income (loss) after attribution of noncontrolling interests	$	2,931		$	(21	)	$	(469	)	$	(119	)	$	(45	)	$	5,129		$	(4,475	)	$	2,931

	Three months ended March 31, 2011
In millions of dollars	Citigroup parent company			CGMHI			CFI			CCC			Associates		Other Citigroup subsidiaries, eliminations and income from discontinued operations			Consolidating adjustments			Citigroup consolidated
Revenues
Dividends from subsidiaries	$	525		$	—		$	—		$	—		$	—	$	—		$	(525	)	$	—
Interest revenue		52			1,468			—			1,051			1,225		15,410			(1,051	)		18,155
Interest revenue—intercompany		944			542			604			26			97		(2,187	)		(26	)		—
Interest expense		2,048			551			534			29			76		2,844			(29	)		6,053
Interest expense—intercompany		(187	)		811			194			396			324		(1,142	)		(396	)		—
Net interest revenue	$	(865	)	$	648		$	(124	)	$	652		$	922	$	11,521		$	(652	)	$	12,102
Commissions and fees	$	—		$	1,148		$	—		$	2		$	23	$	2,197		$	(2	)	$	3,368
Commissions and fees—intercompany		—			(1	)		—			28			32		(31	)		(28	)		—
Principal transactions		43			(171	)		234			—			1		3,060			—			3,167
Principal transactions—intercompany		1			1,223			(229	)		—			—		(995	)		—			—
Other income		15			315			55			111			139		565			(111	)		1,089
Other income—intercompany		(175	)		(75	)		(165	)		—			10		405			—			—
Total non-interest revenues	$	(116	)	$	2,439		$	(105	)	$	141		$	205	$	5,201		$	(141	)	$	7,624
Total revenues, net of interest expense	$	(456	)	$	3,087		$	(229	)	$	793		$	1,127	$	16,722		$	(1,318	)	$	19,726
Provisions for credit losses and for benefits and claims	$	—		$	10		$	—		$	397		$	456	$	2,718		$	(397	)	$	3,184
Expenses
Compensation and benefits	$	44		$	1,459		$	—		$	107		$	148	$	4,758		$	(107	)	$	6,409
Compensation and benefits—intercompany		2			57			—			30			30		(89	)		(30	)		—
Other expense		310			680			1			200			238		4,688			(200	)		5,917
Other expense—intercompany		109			79			1			91			100		(289	)		(91	)		—
Total operating expenses	$	465		$	2,275		$	2		$	428		$	516	$	9,068		$	(428	)	$	12,326
Income (loss) before taxes and equity in undistributed income of subsidiaries	$	(921	)	$	802		$	(231	)	$	(32	)	$	155	$	4,936		$	(493	)	$	4,216
Provision (benefit) for income taxes		(640	)		372			(129	)		(28	)		40		1,542			28			1,185
Equity in undistributed income of subsidiaries		3,280			—			—			—			—		—			(3,280	)		—
Income (loss) from continuing operations	$	2,999		$	430		$	(102	)	$	(4	)	$	115	$	3,394		$	(3,801	)	$	3,031
Income (loss) from discontinued operations, net of taxes		—			—			—			—			—		40			—			40
Net income (loss) before attribution of noncontrolling interests	$	2,999		$	430		$	(102	)	$	(4	)	$	115	$	3,434		$	(3,801	)	$	3,071
Net income (loss) attributable to noncontrolling interests		—			11			—			—			—		61			—			72
Net income (loss) after attribution of noncontrolling interests	$	2,999		$	419		$	(102	)	$	(4	)	$	115	$	3,373		$	(3,801	)	$	2,999

Condensed Consolidating Balance Sheet

	March 31, 2012
In millions of dollars	Citigroup parent company		CGMHI			CFI		CCC			Associates			Other Citigroup subsidiaries and eliminations			Consolidating adjustments			Citigroup consolidated
Assets
Cash and due from banks	$	—	$	1,399		$	—	$	215		$	256		$	24,850		$	(215	)	$	26,505
Cash and due from banks—intercompany		512		3,129			—		121			136			(3,777	)		(121	)		—
Federal funds sold and resale agreements		—		221,801			—		—			—			67,256			—			289,057
Federal funds sold and resale agreements—intercompany		—		11,405			—		—			—			(11,405	)		—			—
Trading account assets		—		135,022			29		—			13			171,986			—			307,050
Trading account assets—intercompany		78		7,781			254		—			—			(8,113	)		—			—
Investments		37,239		86			—		1,864			1,938			258,060			(1,864	)		297,323
Loans, net of unearned income		—		210			—		23,995			27,531			620,281			(23,995	)		648,022
Loans, net of unearned income—intercompany		—		—			57,437		5,025			10,281			(67,718	)		(5,025	)		—
Allowance for loan losses		—		(53	)		—		(2,302	)		(2,528	)		(26,439	)		2,302			(29,020	)
Total loans, net	$	—	$	157		$	57,437	$	26,718		$	35,284		$	526,124		$	(26,718	)	$	619,002
Advances to subsidiaries		104,029		—			—		—			—			(104,029	)		—			—
Investments in subsidiaries		198,973		—			—		—			—			—			(198,973	)		—
Other assets		21,456		57,571			240		3,977			7,179			319,040			(3,977	)		405,486
Other assets—intercompany		25,040		39,406			142		128			2,481			(67,069	)		(128	)		—
Total assets	$	387,327	$	477,757		$	58,102	$	33,023		$	47,287		$	1,172,923		$	(231,996	)	$	1,944,423
Liabilities and equity
Deposits	$	—	$	—		$	—	$	—		$	—		$	906,012		$	—		$	906,012
Federal funds purchased and securities loaned or sold		—		177,067			—		—			—			48,941			—			226,008
Federal funds purchased and securities loaned or sold—intercompany		185		18,564			—		—			—			(18,749	)		—			—
Trading account liabilities		—		89,413			1		—			—			46,542			—			135,956
Trading account liabilities—intercompany		76		7,636			89		—			—			(7,801	)		—			—
Short-term borrowings		13		1,703			6,956		—			289			46,650			—			55,611
Short-term borrowings—intercompany		—		44,461			2,209		8,644			9,872			(56,542	)		(8,644	)		—
Long-term debt		176,080		6,098			43,565		3,492			6,456			78,880			(3,492	)		311,079
Long-term debt—intercompany		8		59,340			3,153		15,840			22,196			(84,697	)		(15,840	)		—
Advances from subsidiaries		14,559		—			—		—			—			(14,559	)		—			—
Other liabilities		5,975		59,801			496		1,315			2,466			57,296			(1,315	)		126,034
Other liabilities—intercompany		8,611		5,393			119		82			55			(14,178	)		(82	)		—
Total liabilities	$	205,507	$	469,476		$	56,588	$	29,373		$	41,334		$	987,795		$	(29,373	)	$	1,760,700
Citigroup stockholders' equity	$	181,820	$	7,873		$	1,514	$	3,650		$	5,953		$	183,633		$	(202,623	)	$	181,820
Noncontrolling interests		—		408			—		—			—			1,495			—			1,903
Total equity	$	181,820	$	8,281		$	1,514	$	3,650		$	5,953		$	185,128		$	(202,623	)	$	183,723
Total liabilities and equity	$	387,327	$	477,757		$	58,102	$	33,023		$	47,287		$	1,172,923		$	(231,996	)	$	1,944,423

	December 31, 2011
In millions of dollars	Citigroup parent company		CGMHI			CFI		CCC			Associates			Other Citigroup subsidiaries and eliminations			Consolidating adjustments			Citigroup consolidated
Assets
Cash and due from banks	$	—	$	1,237		$	—	$	211		$	254		$	27,210		$	(211	)	$	28,701
Cash and due from banks—intercompany		3		2,963			—		161			175			(3,141	)		(161	)		—
Federal funds sold and resale agreements		—		209,618			—		—			—			66,231			—			275,849
Federal funds sold and resale agreements—intercompany		—		10,981			—		—			—			(10,981	)		—			—
Trading account assets		7		123,017			18		—			12			168,680			—			291,734
Trading account assets—intercompany		92		9,319			269		—			—			(9,680	)		—			—
Investments		37,477		110			—		2,177			2,250			253,576			(2,177	)		293,413
Loans, net of unearned income		—		205			—		24,899			28,556			618,481			(24,899	)		647,242
Loans, net of unearned income—intercompany		—		—			58,039		4,916			8,585			(66,624	)		(4,916	)		—
Allowance for loan losses		—		(47	)		—		(2,299	)		(2,547	)		(27,521	)		2,299			(30,115	)
Total loans, net	$	—	$	158		$	58,039	$	27,516		$	34,594		$	524,336		$	(27,516	)	$	617,127
Advances to subsidiaries		108,644		—			—		—			—			(108,644	)		—			—
Investments in subsidiaries		194,979		—			—		—			—			—			(194,979	)		—
Other assets		35,776		49,207			367		4,000			7,132			274,572			(4,000	)		367,054
Other assets—intercompany		29,935		42,974			3,257		4			2,366			(78,532	)		(4	)		—
Total assets	$	406,913	$	449,584		$	61,950	$	34,069		$	46,783		$	1,103,627		$	(229,048	)	$	1,873,878
Liabilities and equity
Deposits	$	—	$	—		$	—	$	—		$	—		$	865,936		$	—		$	865,936
Federal funds purchased and securities loaned or sold		—		149,725			—		—			—			48,648			—			198,373
Federal funds purchased and securities loaned or sold—intercompany		185		25,902			—		—			—			(26,087	)		—			—
Trading account liabilities		—		72,493			298		—			—			53,291			—			126,082
Trading account liabilities—intercompany		96		8,530			90		—			—			(8,716	)		—			—
Short-term borrowings		13		1,229			7,133		750			1,100			44,966			(750	)		54,441
Short-term borrowings—intercompany		—		43,056			3,153		10,243			10,792			(57,001	)		(10,243	)		—
Long-term debt		181,702		6,884			45,081		2,742			5,680			84,158			(2,742	)		323,505
Long-term debt—intercompany		19		59,958			2,971		14,919			20,692			(83,640	)		(14,919	)		—
Advances from subsidiaries		17,027		—			—		—			—			(17,027	)		—			—
Other liabilities		19,625		63,012			889		1,453			2,483			39,959			(1,453	)		125,968
Other liabilities—intercompany		10,440		10,575			352		199			52			(21,419	)		(199	)		—
Total liabilities	$	229,107	$	441,364		$	59,967	$	30,306		$	40,799		$	923,068		$	(30,306	)	$	1,694,305
Citigroup stockholders' equity	$	177,806	$	7,825		$	1,983	$	3,763		$	5,984		$	179,187		$	(198,742	)	$	177,806
Noncontrolling interests		—		395			—		—			—			1,372			—			1,767
Total equity	$	177,806	$	8,220		$	1,983	$	3,763		$	5,984		$	180,559		$	(198,742	)	$	179,573
Total liabilities and equity	$	406,913	$	449,584		$	61,950	$	34,069		$	46,783		$	1,103,627		$	(229,048	)	$	1,873,878

Condensed Consolidating Statements of Cash Flows

	Three months ended March 31, 2012
In millions of dollars	Citigroup parent company			CGMHI			CFI			CCC			Associates			Other Citigroup subsidiaries and eliminations			Consolidating adjustments			Citigroup consolidated
Net cash provided by (used in) operating activities of continuing operations	$	2,666		$	(515	)	$	428		$	(34	)	$	1,061		$	1,858		$	34		$	5,498
Cash flows from investing activities of continuing operations
Change in loans	$	—		$	—		$	2,118		$	454		$	504		$	(6,480	)	$	(454	)	$	(3,858	)
Proceeds from sales of loans		—			2			—			2			2			1,039			(2	)		1,043
Purchases of investments		(5,131	)		—			—			(155	)		(155	)		(57,643	)		155			(62,929	)
Proceeds from sales of investments		1,662			20			—			429			429			28,895			(429	)		31,006
Proceeds from maturities of investments		3,508			—			—			55			55			25,602			(55	)		29,165
Changes in investments and advances—intercompany		4,426			563			—			(109	)		(1,696	)		(3,293	)		109			—
Other investing activities		—			927			—			—			—			(29,773	)		—			(28,846	)
Net cash provided by (used in) investing activities of continuing operations	$	4,465		$	1,512		$	2,118		$	676		$	(861	)	$	(41,653	)	$	(676	)	$	(34,419	)
Cash flows from financing activities of continuing operations
Dividends paid	$	(34	)	$	—		$	—		$	—		$	—		$	—		$	—		$	(34	)
Treasury stock acquired		(4	)		—			—			—			—			—			—			(4	)
Proceeds/(repayments) from issuance of long-term debt—third-party, net		(4,036	)		(1,204	)		(1,897	)		750			(10	)		(8,296	)		(750	)		(15,443	)
Proceeds/(repayments) from issuance of long-term debt—intercompany, net		—			(1,343	)		478			921			1,504			(639	)		(921	)		—
Change in deposits		—			—			—			—			—			40,076			—			40,076
Net change in short-term borrowings and other investment banking and brokerage borrowings—third-party		—			473			(220	)		(750	)		(811	)		2,478			750			1,920
Net change in short-term borrowings and other advances—intercompany		(2,364	)		1,405			(903	)		(1,599	)		(920	)		2,782			1,599			—
Capital contributions from parent		—			—			—			—			—			—			—			—
Other financing activities		(184	)		—			(4	)		—			—			1			—			(187	)
Net cash (used in) provided by financing activities of continuing operations	$	(6,622	)	$	(669	)	$	(2,546	)	$	(678	)	$	(237	)	$	36,402		$	678		$	26,328
Effect of exchange rate changes on cash and due from banks	$	—		$	—		$	—		$	—		$	—		$	397		$	—		$	397
Net cash provided by (used in) discontinued operations	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net increase (decrease) in cash and due from banks	$	509		$	328		$	—		$	(36	)	$	(37	)	$	(2,996	)	$	36		$	(2,196	)
Cash and due from banks at beginning of period		3			4,200			—			372			429			24,069			(372	)		28,701
Cash and due from banks at end of period	$	512		$	4,528		$	—		$	336		$	392		$	21,073		$	(336	)	$	26,505
Supplemental disclosure of cash flow information for continuing operations
Cash paid during the year for
Income taxes	$	(230	)	$	11		$	50		$	12		$	28		$	1,057		$	(12	)	$	916
Interest		2,013			1,583			324			438			300			382			(438	)		4,602
Non-cash investing activities
Transfers to repossessed assets		—			76			—			27			37			24			(27	)		137
Transfers to trading account assets from investments (held-to-maturity)		—			—			—			—			—			—			—			—

	Three Months Ended March 31, 2011
In millions of dollars	Citigroup parent company			CGMHI			CFI			CCC			Associates			Other Citigroup subsidiaries and eliminations			Consolidating adjustments			Citigroup Consolidated
Net cash (used in) provided by operating activities	$	(2,678	)	$	1,890		$	413		$	329		$	219		$	1,195		$	(329	)	$	1,039
Cash flows from investing activities
Change in loans	$	—		$	—		$	21,605		$	907		$	1,365		$	(17,346	)	$	(907	)	$	5,624
Proceeds from sales of loans		—			—			—			—			—			1,824			—			1,824
Purchases of investments		(10,662	)		—			—			(140	)		(140	)		(94,752	)		140			(105,554	)
Proceeds from sales of investments		1,549			—			—			27			27			33,609			(27	)		35,185
Proceeds from maturities of investments		8,796			—			—			93			93			38,472			(93	)		47,361
Changes in investments and advances-intercompany		(550	)		(667	)		—			42			(2,986	)		4,203			(42	)		—
Other investing activities		—			16,111			—			—			—			(17,543	)		—			(1,432	)
Net cash (used in) provided by investing activities	$	(867	)	$	15,444		$	21,605		$	929		$	(1,641	)	$	(51,533	)	$	(929	)	$	(16,992	)
Cash flows from financing activities
Dividends paid	$	(4	)	$	—		$	—		$	—		$	—		$	—		$	—		$	(4	)
Treasury stock acquired		—			—			—			—			—			—			—			—
Proceeds/(Repayments) from issuance of long-term debt— third-party, net		(3,259	)		(119	)		1,786			(153	)		(90	)		(4,317	)		153			(5,999	)
Proceeds/(Repayments) from issuance of long-term debt-intercompany, net		—			7,907			—			(2,476	)		(95	)		(7,812	)		2,476			—
Change in deposits		—			—			—			—			—			20,908			—			20,908
Net change in short-term borrowings and other investment banking and brokerage borrowings-third-party		—			38			(769	)		—			89			(426	)		—			(1,068	)
Net change in short-term borrowings and other advances-intercompany		5,146			(24,208	)		(23,035	)		1,590			1,808			40,289			(1,590	)		—
Capital contributions from parent		—			(525	)		—			—			—			525			—			—
Other financing activities		1,655			—			—			—			—			—			—			1,655
Net cash provided by (used in) financing activities	$	3,538		$	(16,907	)	$	(22,018	)	$	(1,039	)	$	1,712		$	49,167		$	1,039		$	15,492
Effect of exchange rate changes on cash and due from banks	$	—		$	—		$	—		$	—		$	—		$	331		$	—		$	331
Net cash used in discontinued operations	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net (decrease) increase in cash and due from banks	$	(7	)	$	427		$	—		$	219		$	290		$	(840	)	$	(219	)	$	(130	)
Cash and due from banks at beginning of period		11			5,220			—			323			398			22,343			(323	)		27,972
Cash and due from banks at end of period	$	4		$	5,647		$	—		$	542		$	688		$	21,503		$	(542	)	$	27,842
Supplemental disclosure of cash flow information
Cash paid during the year for:
Income taxes	$	72		$	53		$	(121	)	$	—		$	39		$	831		$	—		$	874
Interest		2,276			948			138			706			117			1,129			(706	)		4,608
Non-cash investing activities:
Transfers to repossessed assets		—			39			—			212			227			166			(212	)		432
Transfers to trading account assets from investments (held-to-maturity)		—			—			—			—			—			12,700			—			12,700