BUSINESS SEGMENTS

9 Months Ended

Sep. 30, 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 GCB 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 businesses: North America, EMEA, Latin America and Asia.

        The 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.

        The Corporate/Other segment 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 contains businesses and portfolios of assets that Citigroup has determined are not central to its core Citicorp businesses, consisting primarily of certain North America Consumer loans originated by CitiMortgage and CitiFinancial North America and certain international Consumer lending (including Western Europe retail banking and cards and Japan Consumer Finance) and certain portfolios of securities, loans and other assets and retail alternative investments.

        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 second quarter of 2013 related to the reporting of Citi's announced sale of its Brazil Credicard business as discontinued operations for all periods presented. Reclassifications during the first quarter of 2013 related to the re-allocation of certain administrative and 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 September 30,
In millions of dollars, except identifiable assets in billions																		September 30, 2013		December 31, 2012
	2013		2012			2013			2012			2013			2012
Global Consumer Banking	$	9,235	$	9,915		$	850		$	1,038		$	1,626		$	2,107		$	401	$	404
Institutional Clients Group		7,362		7,466			633			622			1,795			2,007			1,060		1,062
Corporate/Other(3)		31		1			(264	)		(687	)		(137	)		(76	)		317		243
Total Citicorp	$	16,628	$	17,382		$	1,219		$	973		$	3,284		$	4,038		$	1,778	$	1,709
Citi Holdings		1,252		(3,679	)		(139	)	$	(2,467	)		(98	)		(3,553	)		122		156
Total	$	17,880	$	13,703		$	1,080		$	(1,494	)	$	3,186		$	485		$	1,900	$	1,865

	Total revenues, net of interest expense(1)					Provision (benefit) for income taxes						Income (loss) from continuing operations(2)
	Nine Months Ended September 30,
In millions of dollars, except identifiable assets in billions	2013		2012			2013			2012			2013			2012
Global Consumer Banking	$	28,695	$	29,143		$	2,848		$	3,054		$	5,498		$	6,238
Institutional Clients Group		26,519		23,751			3,515			2,020			8,110			6,604
Corporate/Other		127		176			(551	)		(1,126	)		(847	)		(854	)
Total Citicorp	$	55,341	$	53,070		$	5,812		$	3,948		$	12,761		$	11,988
Citi Holdings		3,245		(1,859	)		(1,035	)		(3,727	)		(1,456	)		(5,479	)
Total	$	58,586	$	51,211		$	4,777		$	221		$	11,305		$	6,509

(1)

Includes Citicorp total revenues, net of interest expense, in North America of $7.2 billion and $7.6 billion; in EMEA of $2.5 billion and $2.7 billion; in Latin America of $3.4 billion and $3.4 billion; and in Asia of $3.5 billion and $3.7 billion for the three months ended September 30, 2013 and 2012, respectively. Includes Citicorp total revenues, net of interest expense, in North America of $24.2 billion and $22.6 billion; in EMEA of $9.1 billion and $8.8 billion; in Latin America of $10.4 billion and $10.0 billion; and in Asia of $11.5 billion and $11.5 billion for the nine months ended September 30, 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 GCB of $1.7 billion and $1.5 billion; in ICG of $139 million and $(32) million; and in Citi Holdings of $0.1 billion and $1.2 billion for the three months ended September 30, 2013 and 2012, respectively. Includes pretax provisions (credits) for credit losses and for benefits and claims in GCB of $5.0 billion and $4.3 billion; in ICG of $174 million and $192 million; and in Citi Holdings of $1.3 billion and $3.7 billion for the nine months ended September 30, 2013 and 2012, respectively.

(3)

Includes Assets of discontinued operations held for sale.