BUSINESS SEGMENTS

3 Months Ended

Mar. 31, 2013

BUSINESS SEGMENTS

BUSINESS SEGMENTS

3.     BUSINESS SEGMENTS

        Citigroup is a diversified bank holding company whose businesses provide a broad range of financial services to Consumer and Corporate customers around the world. The Company's activities are conducted through the Global Consumer Banking (GCB), Institutional Clients Group (ICG), Corporate/Other and Citi Holdings business segments.

        The Global Consumer Banking segment includes a global, full-service Consumer franchise delivering a wide array of banking, credit card lending and investment services through a network of local branches, offices and electronic delivery systems and is composed of four Regional Consumer Banking (RCB) businesses: North America, EMEA, Latin America and Asia.

        The Company's ICG segment is composed of Securities and Banking and Transaction Services and provides corporate, institutional, public sector and high net-worth clients in approximately 100 countries with a broad range of banking and financial products and services.

Corporate/Other includes net treasury results, unallocated corporate expenses, offsets to certain line-item reclassifications (eliminations), the results of discontinued operations and unallocated taxes.

        The Citi Holdings segment is composed of Brokerage and Asset Management, Local Consumer Lending and Special Asset Pool.

        The accounting policies of these reportable segments are the same as those disclosed in Note 1 to the Consolidated Financial Statements in Citi's 2012 Annual Report on Form 10-K.

        The prior-period balances reflect reclassifications to conform the presentation in those periods to the current period's presentation. Reclassifications during the first quarter of 2013 relate to the re-allocation of certain administrative costs among Citi's businesses and the re-allocation of certain funding costs among Citi's businesses.

        The following table presents certain information regarding the Company's continuing operations by segment:

	Total revenues, net of interest expense(1)					Provision (benefit) for income taxes						Income (loss) from continuing operations(2)						Identifiable assets
	Three Months Ended March 31,
In millions of dollars, except identifiable assets in billions																		March 31, 2013		December 31, 2012
	2013			2012		2013			2012			2013			2012
Global Consumer Banking	$	10,013		$	10,006	$	994		$	1,008		$	1,951		$	2,177		$	403	$	404
Institutional Clients Group		9,584			8,047		1,406			638			3,125			2,233			1,050		1,062
Corporate/Other		(7	)		471		(253	)		7			(322	)		(331	)		280		243
Total Citicorp	$	19,590		$	18,524	$	2,147		$	1,653		$	4,754		$	4,079		$	1,733	$	1,709
Citi Holdings		901			882		(559	)		(647	)		(789	)		(1,017	)		149		156
Total	$	20,491		$	19,406	$	1,588		$	1,006		$	3,965		$	3,062		$	1,882	$	1,865

(1)

Includes Citicorp (excluding Corporate/Other) total revenues, net of interest expense, in North America of $8.7 billion and $7.3 billion; in EMEA of $3.1 billion and $3.2 billion; in Latin America of $3.8 billion and $3.6 billion; and in Asia of $4.0 billion and $4.0 billion for the three months ended March 31, 2013 and 2012, respectively. Regional numbers exclude Citi Holdings and Corporate/Other, which largely operate within the U.S.

(2)

Includes pretax provisions (credits) for credit losses and for benefits and claims in the GCB results of $1.7 billion and $1.6 billion; in the ICG results of $65 million and $89 million; and in the Citi Holdings results of $0.7 billion and $1.3 billion for the three months ended March 31, 2013 and 2012, respectively.