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PREFERRED STOCK (Tables)
12 Months Ended
Dec. 31, 2013
PREFERRED STOCK  
Summary of preferred stock outstanding

 

 

 

 

 

 

 

 

 

 

Redemption
price per
depositary

 

Number

 

Carrying value
 in millions of dollars

 

 

 

Issuance date

 

Redeemable by
issuer beginning

 

Dividend
rate

 

share/preference
share

 

of depositary
shares

 

December 31,
 2013

 

December 31,
 2012

 

Series F(1)

 

May 13, 2008

 

June 15, 2013

 

8.500

%

$

25

 

2,863,369

 

$

 

$

71

 

Series T(2)

 

January 23, 2008

 

June 17, 2013

 

6.500

%

50

 

453,981

 

 

23

 

Series AA(3)

 

January 25, 2008

 

February 15, 2018

 

8.125

%

25

 

3,870,330

 

97

 

97

 

Series E(4)

 

April 28, 2008

 

April 30, 2018

 

8.400

%

1,000

 

121,254

 

121

 

121

 

Series A(5)

 

October 29, 2012

 

January 30, 2023

 

5.950

%

1,000

 

1,500,000

 

1,500

 

1,500

 

Series B(6)

 

December 13, 2012

 

February 15, 2023

 

5.900

%

1,000

 

750,000

 

750

 

750

 

Series C(7)

 

March 26, 2013

 

April 22, 2018

 

5.800

%

25

 

23,000,000

 

575

 

 

Series D(8)

 

April 30, 2013

 

May 15, 2023

 

5.350

%

1,000

 

1,250,000

 

1,250

 

 

Series J(9)

 

September 19, 2013

 

September 30, 2023

 

7.125

%

25

 

38,000,000

 

950

 

 

Series K(10)

 

October 31, 2013

 

November 15, 2023

 

6.875

%

25

 

59,800,000

 

1,495

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

6,738

 

$

2,562

 

 


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

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

(3)             Issued 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 February 15, May 15, August 15 and November 15 when, as and if declared by the Citi Board of Directors.

(4)             Issued 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.

(5)             Issued 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.

(6)             Issued 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.

(7)             Issued 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.

(8)             Issued 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.

(9)             Issued 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.

(10)        Issued 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 February 15, May 15, August 15 and November 15 at a fixed rate until November 15, 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.