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PREFERRED STOCK (Tables)
9 Months Ended
Sep. 30, 2013
PREFERRED STOCK  
Summary of preferred stock outstanding
 
   
   
   
  Carrying value
in millions of dollars
 
 
  Dividend
rate
  Redemption
price per depositary
share/preference share
  Number
of depositary
shares
  September 30,
2013
  December 31,
2012
 

Series AA(1)

    8.125 % $ 25     3,870,330   $ 97   $ 97  

Series A(2)

    5.950 %   1,000     1,500,000     1,500     1,500  

Series B(3)

    5.900 %   1,000     750,000     750     750  

Series C(4)

    5.800 %   25     23,000,000     575      

Series D(5)

    5.350 %   1,000     1,250,000     1,250      

Series E(6)

    8.400 %   1,000     121,254     121     121  

Series J(7)

    7.125 %   25     38,000,000     950      

Series F(8)

    8.500 %   25     2,863,369         71  

Series T(9)

    6.500 %   50     453,981         23  
                             

 

                    $ 5,243   $ 2,562  
                             

(1)
Issued on January 25, 2008 as depositary shares, each representing a 1/1,000th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends payable quarterly on each February 15, May 15, August 15 and November 15 when, as and if declared by the Citi Board of Directors. Redeemable in whole or in part on any dividend payment date on and after February 15, 2018.

(2)
Issued on October 29, 2012 as depositary shares, each representing a 1/25th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends payable semi-annually on January 30 and July 30 at a fixed rate until January 30, 2023, thereafter payable quarterly on January 30, April 30, July 30 and October 30 at a floating rate, in each case when, as and if declared by the Citi Board of Directors. Redeemable in whole or in part on any dividend payment date on and after January 30, 2023.

(3)
Issued on December 13, 2012 as depositary shares, each representing a 1/25th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends payable semi-annually on February 15 and August 15 at a fixed rate until February 15, 2023, thereafter payable quarterly on February 15, May 15, August 15 and November 15 at a floating rate, in each case when, as and if declared by the Citi Board of Directors. Redeemable in whole or in part on any dividend payment date on and after February 15, 2023.

(4)
Issued on March 26, 2013 as depositary shares, each representing a 1/1,000th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends payable quarterly on January 22, April 22, July 22 and October 22 when, as and if declared by the Citi Board of Directors. Redeemable in whole or in part on any dividend payment date on and after April 22, 2018.

(5)
Issued on April 30, 2013 as depositary shares, each representing a 1/25th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends payable semi-annually on May 15 and November 15 at a fixed rate until May 15, 2023, thereafter payable quarterly on February 15, May 15, August 15 and November 15 at a floating rate, in each case when, as and if declared by the Citi Board of Directors. Redeemable in whole or in part on any dividend payment date on and after May 15, 2023.

(6)
Issued on April 28, 2008 as depositary shares, each representing a 1/25th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends payable semi-annually on April 30 and October 30 at a fixed rate until April 30, 2018, thereafter payable quarterly on January 30, April 30, July 30 and October 30 at a floating rate, in each case when, as and if declared by the Citi Board of Directors. Redeemable in whole or in part on any dividend payment date on and after April 30, 2018.

(7)
Issued on September 19, 2013 as depositary shares, each representing a 1/1,000th interest in a share of the corresponding series of non-cumulative perpetual preferred stock. Dividends payable quarterly on March 30, June 30, September 30 and December 30 at a fixed rate until September 30, 2023, thereafter payable quarterly on the same dates at a floating rate, in each case when, as and if declared by the Citi Board of Directors. Redeemable in whole or in part on any dividend payment date on and after September 30, 2023.

(8)
The Series F preferred stock was redeemed in full on June 15, 2013.

(9)
The Series T preferred stock was redeemed in full on June 17, 2013.