8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 13, 2018

Citigroup Inc.

(Exact name of registrant as specified in its charter)

Delaware	1-9924	52-1568099
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

388 Greenwich Street, New York,
NY
(Address of principal executive offices) 10013
(Zip Code)

(212) 559-1000

(Registrant’s telephone number,
including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).     Emerging growth company   o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  o

CITIGROUP INC.

Current Report on Form 8-K

Item 2.02  Results of Operations and Financial Condition.

On July 13, 2018, Citigroup Inc. announced its results for the quarter ended June 30, 2018.  A copy of the related press release, filed as Exhibit 99.1 to this Form 8-K, is incorporated herein by reference in its entirety and shall be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended (the Act).

In addition, a copy of the Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended June 30, 2018 is being furnished as Exhibit 99.2 to this Form 8-K and shall not be deemed to be “filed” for purposes of Section 18 of the Act or otherwise subject to the liabilities of that section.

Item 9.01  Financial Statements and Exhibits.

(d)  Exhibits.

Exhibit Number
99.1	Press Release, dated July 13, 2018, issued by Citigroup Inc.
99.2	Citigroup Inc. Quarterly Financial Data Supplement for the quarter ended June 30, 2018.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		CITIGROUP INC.
Dated: July 13, 2018
	By:	/s/ RAJA J. AKRAM
		Raja J. Akram
		Controller and Chief Accounting Officer

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EX-99.1

Exhibit 99.1

For Immediate Release Citigroup Inc. (NYSE: C) July 13, 2018
SECOND QUARTER 2018 RESULTS AND KEY METRICS

EARNINGS PER SHARE OF $1.63

NET INCOME OF $4.5 BILLION

REVENUES OF $18.5 BILLION

RETURNED $3.1 BILLION OF CAPITAL TO COMMON SHAREHOLDERS

REPURCHASED 33 MILLION COMMON SHARES

BOOK VALUE PER SHARE OF $71.95
TANGIBLE BOOK VALUE PER SHARE OF $61.295

New York, July 13, 2018 — Citigroup Inc. today reported net income for the second quarter 2018 of $4.5 billion, or $1.63 per diluted share, on revenues of $18.5 billion. This compared to net income of $3.9 billion, or $1.28 per diluted share, on revenues of $18.2 billion for the second quarter 2017.

Revenues increased 2% from the prior-year period, driven by growth in both the Institutional Clients Group (ICG) and Global Consumer Banking (GCB), partially offset by lower revenues in Corporate / Other due to the continued wind-down of legacy assets. Net income of $4.5 billion increased 16%, driven by the higher revenues and a lower effective tax rate, partially offset by higher cost of credit. Earnings per share of $1.63 increased 27% from $1.28 per diluted share in the prior-year period, driven by the growth in net income and an 8% reduction in average diluted shares outstanding.

Percentage comparisons throughout this press release are calculated for the second quarter 2018 versus the second quarter 2017, unless otherwise specified.

CEO COMMENTARY

Citi CEO Michael Corbat said, “These results demonstrate good momentum across our franchise and that we are firmly on track to achieve the financial targets we introduced last year at Investor Day.

“During the quarter, we drove strong year-over-year revenue growth in many of our businesses — including our International Consumer franchise, Treasury and Trade Solutions, Equities, and the Private Bank. And we continue to support our clients as evidenced by solid loan growth that was balanced across businesses and geographies. Our focus on expenses has given us the ability to self-fund many of our investments and resulted in an improvement in our efficiency ratio for both the second quarter and through the first half of this year.

“Finally, we were pleased to receive a non-objection from the Federal Reserve to our capital plan submitted as part of the 2018 CCAR cycle which will allow us to return $22 billion in capital to common shareholders over the next year, marking another significant step towards delivering on our commitment to return at least $60 billion in capital over a three-year period,” Mr. Corbat concluded.

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Citigroup ($ in millions, except as otherwise noted)	2Q’18			1Q’18			2Q’17			QoQ%		YoY%
Global Consumer Banking	8,250			8,433			8,073			(2	)%	2	%
Institutional Clients Group	9,691			9,848			9,421			(2	)%	3	%
Corporate / Other	528			591			661			(11	)%	(20	)%
Total Revenues	$	18,469		$	18,872		$	18,155		(2	)%	2	%
Expenses	$	10,712		$	10,925		$	10,760		(2	)%	—
Net Credit Losses	1,704			1,867			1,710			(9	)%	—
Credit Reserve Build / (Release)(a)	87			(36		)	(16		)	NM		NM
Provision for Benefits and Claims	21			26			23			(19	)%	(9	)%
Total Cost of Credit	$	1,812		$	1,857		$	1,717		(2	)%	6	%
Income from Continuing Operations Before Taxes	$	5,945		$	6,090		$	5,678		(2	)%	5	%
Provision for Income Taxes	1,444			1,441			1,795			—		(20	)%
Income from Continuing Operations	$	4,501		$	4,649		$	3,883		(3	)%	16	%
Net Income (Loss) from Discontinued Operations	15			(7		)	21			NM		(29	)%
Non-Controlling Interest	26			22			32			18	%	(19	)%
Citigroup Net Income	$	4,490		$	4,620		$	3,872		(3	)%	16	%
Revenues
North America	8,515			8,422			8,592			1	%	(1	)%
EMEA	3,043			3,167			2,881			(4	)%	6	%
Latin America	2,543			2,557			2,394			(1	)%	6	%
Asia	3,840			4,135			3,627			(7	)%	6	%
Corporate / Other	528			591			661			(11	)%	(20	)%
EOP Assets ($B)	1,912			1,922			1,864			(1	)%	3	%
EOP Loans ($B)	671			673			645			—		4	%
EOP Deposits ($B)	997			1,001			959			—		4	%
Common Equity Tier 1 Capital Ratio(3)	12.1		%	12.1		%	13.1		%
Supplementary Leverage Ratio(3)	6.6		%	6.7		%	7.2		%
Return on Average Common Equity	9.2		%	9.7		%	6.8		%
Book Value per Share	$	71.95		$	71.67		$	77.36		—		(7	)%
Tangible Book Value per Share	$	61.29		$	61.02		$	67.32		—		(9	)%

Note:  Please refer to the Appendices and Footnotes at the end of this press release for additional information.

(a) Includes provision for unfunded lending commitments.

Citigroup

Citigroup revenues of $18.5 billion in the second quarter 2018 increased 2%, driven by 3% aggregate growth in GCB and ICG, partially offset by a 20% decrease in Corporate / Other due to the continued wind-down of legacy assets.

Citigroup’s operating expenses of $10.7 billion in the second quarter 2018 were largely unchanged, as higher volume-related expenses and investments were offset by efficiency savings and the wind-down of legacy assets.

Citigroup’s cost of credit in the second quarter 2018 was $1.8 billion, a 6% increase, primarily driven by volume growth and seasoning in GCB.

Citigroup’s net income increased to $4.5 billion in the second quarter 2018, primarily driven by the higher revenues and a lower effective tax rate, which more than offset the higher cost of credit, as expenses remained largely unchanged. Citigroup’s effective tax rate was 24% in the current quarter compared to 32% in the second quarter 2017.

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Citigroup’s allowance for loan losses was $12.1 billion at quarter end, or 1.81% of total loans, compared to $12.0 billion, or 1.88% of total loans, at the end of the prior-year period. Total non-accrual assets declined 20% from the prior-year period to $4.1 billion. Consumer non-accrual loans declined 16% to $2.4 billion and corporate non-accrual loans decreased 23% to $1.6 billion.

Citigroup’s end of period loans were $671 billion as of quarter end, up 4% from the prior-year period. Excluding the impact of foreign exchange translation6, Citigroup’s end of period loans grew 5%, as 6% aggregate growth in ICG and GCB was partially offset by the continued wind-down of legacy assets in Corporate / Other.

Citigroup’s end of period deposits were $997 billion as of quarter end, an increase of 4% from the prior-year period on both a reported and a constant dollar basis. The increase in constant dollars was driven by 9% growth in ICG, as GCB remained largely unchanged.

Citigroup’s book value per share of $71.95 and tangible book value per share of $61.29, both as of quarter end, were largely unchanged sequentially, as the benefit of a lower share count was offset by the aggregate impact to common equity of net income, share repurchases and dividends, as well as currency translation. At quarter end, Citigroup’s CET1 Capital ratio was 12.1%, unchanged sequentially, as net income was largely offset by the return of capital to common shareholders. Citigroup’s SLR for the second quarter 2018 was 6.6%, down slightly from 6.7% sequentially. During the second quarter 2018, Citigroup repurchased 33 million common shares and returned a total of $3.1 billion to common shareholders in the form of common share repurchases and dividends.

Global Consumer Banking ($ in millions, except as otherwise noted)	2Q’18		1Q’18		2Q’17		QoQ%		YoY%
North America	5,004		5,157		4,946		(3	)%	1	%
Latin America	1,381		1,347		1,308		3	%	6	%
Asia(a)	1,865		1,929		1,819		(3	)%	3	%
Total Revenues	$	8,250	$	8,433	$	8,073	(2	)%	2	%
Expenses	$	4,655	$	4,681	$	4,537	(1	)%	3	%
Net Credit Losses	1,726		1,736		1,615		(1	)%	7	%
Credit Reserve Build / (Release)(b)	157		143		124		10	%	27	%
Provision for Benefits and Claims	22		26		23		(15	)%	(4	)%
Total Cost of Credit	$	1,905	$	1,905	$	1,762	—		8	%
Net Income	$	1,278	$	1,392	$	1,124	(8	)%	14	%
Retail Banking	3,489		3,471		3,328		1	%	5	%
Cards	4,761		4,962		4,745		(4	)%	—
Total Revenues	$	8,250	$	8,433	$	8,073	(2	)%	2	%
Key Indicators ($B)
Retail Banking Average Loans	146		147		142		(1	)%	2	%
Retail Banking Average Deposits	306		309		307		(1	)%	—
Investment AUMs	163		164		153		—		6	%
Cards Average Loans	158		159		152		(1	)%	4	%
Cards Purchase Sales	134		122		125		10	%	7	%

Note:  Please refer to the Appendices and Footnotes at the end of this press release for additional information.

(a) Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(b) Includes provision for unfunded lending commitments.

Global Consumer Banking

GCB revenues of $8.3 billion increased 2%, driven by growth across all regions. In constant dollars, revenues increased 3%.

North America GCB revenues of $5.0 billion increased 1%, driven by higher revenues in Retail Banking and Citi Retail Services, partially offset by lower revenues in Citi-Branded Cards. Retail Banking revenues of $1.3 billion increased 4%.  Excluding mortgage, Retail Banking revenues increased 9%, driven by continued growth in deposit margins and investments, as well as increased commercial banking activity. Citi-Branded Cards revenues

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of $2.1 billion decreased 1%. Excluding the impact of the Hilton portfolio sale, Citi-Branded Cards revenues increased 1% as the benefit of higher interest-earning balances and a gain of approximately $45 million related to the sale of Visa B shares were partially offset by the impact of previously disclosed items, including partnership terms and repricing actions related to APR rate re-evaluations under the CARD Act. Citi Retail Services revenues of $1.6 billion increased 1%, primarily reflecting continued loan growth.

Latin America GCB revenues increased 6% to $1.4 billion. In constant dollars, revenues increased 11%. On this basis, retail banking revenues grew 12%, with continued volume growth across loans and deposits. Cards revenues increased 9%, driven by continued growth in purchase sales and full rate revolving loans.

Asia GCB revenues increased 3% to $1.9 billion. In constant dollars, revenues increased 2%, or 4% excluding the benefit of a modest gain on sale in the prior-year period. Retail banking revenues increased 4%, driven by growth in wealth management. Cards revenues remained largely unchanged; excluding the modest gain, revenues increased 4% driven by continued growth in loans and purchase sales.

GCB operating expenses were $4.7 billion, up 3% on both a reported and a constant dollar basis, as efficiency savings were more than offset by higher investments, volume-related expenses and a provision of approximately $50 million for an industry-wide legal matter in North America GCB.

GCB cost of credit was $1.9 billion, up 8%. In constant dollars, cost of credit increased 9%, driven by an 8% increase in net credit losses reflecting volume growth and seasoning, primarily in North America GCB as well as a 27% increase in loan loss reserves as the prior-year period benefited from a reserve release in Asia GCB.

GCB net income of $1.3 billion increased 14%. In constant dollars, net income increased 15%, as the higher revenues across regions and a lower tax rate were partially offset by the higher expenses and cost of credit.

Institutional Clients Group ($ in millions)	2Q’18			1Q’18			2Q’17			QoQ%		YoY%
Treasury & Trade Solutions	2,336			2,268			2,106			3	%	11	%
Investment Banking	1,422			1,130			1,535			26	%	(7	)%
Private Bank	848			904			793			(6	)%	7	%
Corporate Lending(a)	589			521			481			13	%	22	%
Total Banking	5,195			4,823			4,915			8	%	6	%
Fixed Income Markets	3,076			3,418			3,274			(10	)%	(6	)%
Equity Markets	864			1,103			725			(22	)%	19	%
Securities Services	665			641			594			4	%	12	%
Other	(132		)	(160		)	(96		)	18	%	(38	)%
Total Markets & Securities Services	4,473			5,002			4,497			(11	)%	(1	)%
Product Revenues(a)	$	9,668		$	9,825		$	9,412		(2	)%	3	%
Gain / (Loss) on Loan Hedges	23			23			9			—		NM
Total Revenues	$	9,691		$	9,848		$	9,421		(2	)%	3	%
Expenses	$	5,458		$	5,503		$	5,227		(1	)%	4	%
Net Credit Losses	(1		)	105			71			NM		NM
Credit Reserve Build / (Release)(b)	26			(146		)	16			NM		63	%
Total Cost of Credit	$	25		$	(41	)	$	87		NM		(71	)%
Net Income	$	3,225		$	3,314		$	2,762		(3	)%	17	%
Revenues
North America	3,511			3,265			3,646			8	%	(4	)%
EMEA	3,043			3,167			2,881			(4	)%	6	%
Latin America	1,162			1,210			1,086			(4	)%	7	%
Asia	1,975			2,206			1,808			(10	)%	9	%

Note:  Please refer to the Appendices and Footnotes at the end of this press release for additional information.

(a) Excludes gain / (loss) on credit derivatives as well as the mark-to-market on loans at fair value.  For additional information, please refer to Footnote 7.

(b) Includes provision for unfunded lending commitments.

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Institutional Clients Group

ICG revenues of $9.7 billion increased 3%, as 6% growth in Banking more than offset a 1% decline in Markets and Securities Services.

Banking revenues of $5.2 billion increased 6%, as continued growth across businesses more than offset a decline in Investment Banking. Treasury and Trade Solutions revenues of $2.3 billion increased 11%, reflecting higher volumes and improved deposit spreads with growth in both net interest and fee revenues. Investment Banking revenues of $1.4 billion were down 7% versus the prior-year period, as growth in advisory and equity underwriting was more than offset by a very strong prior year comparison in debt underwriting. Advisory revenues increased 14% to $361 million, equity underwriting revenues increased 8% to $335 million and debt underwriting revenues decreased 20% to $726 million. Private Bank revenues increased 7% to $848 million, driven by growth in clients, loans and investments, as well as improved deposit spreads. Corporate Lending revenues of $589 million increased 22% (excluding gain / (loss) on loan hedges)7, reflecting loan growth as well as lower hedging costs.

Markets and Securities Services revenues of $4.5 billion decreased 1%, as strong revenue growth in Equity Markets and Securities Services was more than offset by a decline in Fixed Income Markets. Fixed Income Markets revenues of $3.1 billion in the second quarter 2018 decreased 6%, driven by a more challenging market environment and a strong prior-year period comparison in G10 rates and securitized products. Equity Markets revenues of $864 million increased 19%, with growth across all products, reflecting the benefit of continued higher market volatility, as well as continued momentum with investor clients. Securities Services revenues of $665 million increased 12%, driven by continued growth in client volumes and higher net interest revenue.

ICG net income of $3.2 billion increased 17%, driven by the higher revenues, a lower tax rate and lower cost of credit, partially offset by higher operating expenses. ICG operating expenses increased 4% to $5.5 billion, driven by an increase in compensation costs, volume-related expenses and investments, partially offset by efficiency savings. ICG cost of credit declined due to a decrease in net credit losses as ICG recorded a net recovery of $1 million in the current period compared to net credit losses of $71 million in the prior-year period.

Corporate / Other ($ in millions)	2Q’18			1Q’18			2Q’17			QoQ%		YoY%
Revenues	$	528		$	591		$	661		(11	)%	(20	)%
Expenses	$	599		$	741		$	996		(19	)%	(40	)%
Net Credit Losses	(21		)	26			24			NM		NM
Credit Reserve Build / (Release)(a)	(96		)	(33		)	(156		)	NM		38	%
Provision for Benefits and Claims	(1		)	—			—			NM		NM
Total Cost of Credit	$	(118	)	$	(7	)	$	(132	)	NM		11	%
Income (Loss) from Continuing Operations before Taxes	$	47		$	(143	)	$	(203	)	NM		NM
Net Income (Loss)	$	(13	)	$	(86	)	$	(14	)	85	%	7	%

(a) Includes provision for unfunded lending commitments.

Corporate / Other

Corporate / Other revenues of $528 million decreased 20% from the prior-year period, driven by the wind-down of legacy assets.

Corporate / Other expenses of $599 million decreased 40% from the prior-year period, driven by the wind-down of legacy assets and lower legal and infrastructure costs.

Corporate / Other income from continuing operations before taxes of $47 million increased from a loss of $203 million in the prior-year period, as the lower expenses more than offset the lower revenues.

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Citigroup will host a conference call today at 11:30 AM (ET). A live webcast of the presentation, as well as financial results and presentation materials, will be available at https://www.citigroup.com/citi/investor. Dial-in numbers for the conference call are as follows: (866) 516-9582 in the U.S. and Canada; (973) 409-9210 outside of the U.S. and Canada. The conference code for both numbers is 83785275.

Additional financial, statistical and business-related information, as well as business and segment trends, is included in a Quarterly Financial Data Supplement. Both this earnings release and Citigroup’s Second Quarter 2018 Quarterly Financial Data Supplement are available on Citigroup’s website at www.citigroup.com.

Citigroup, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citigroup provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

Certain statements in this release are “forward-looking statements” within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC).  These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances.  These statements are not guarantees of future results or occurrences.  Actual results and capital and other financial condition may differ materially from those included in these statements due to a variety of factors, including, among others, the efficacy of Citi’s business strategies and execution of those strategies, such as those relating to its key investment, efficiency and capital optimization initiatives, governmental and regulatory actions or approvals, geopolitical and macroeconomic uncertainties, challenges and conditions, such as the level of interest rates, and the precautionary statements included in this release and those contained in Citigroup’s filings with the SEC, including without limitation the “Risk Factors” section of Citigroup’s 2017 Form 10-K.  Any forward-looking statements made by or on behalf of Citigroup speak only as to the date they are made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

Contacts:
Press:	Mark Costiglio	(212) 559-4114	Investors:	Susan Kendall	(212) 559-2718
			Fixed Income Investors:	Thomas Rogers	(212) 559-5091

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Appendix A

Citigroup
($ in millions)	2Q’18			1Q’18		2Q’17
Net Income	$	4,490		$	4,620	$	3,872
Less: Preferred Dividends	318			272		320
Net Income to Common Shareholders	$	4,172		$	4,348	$	3,552
Common Share Repurchases	2,300
Common Dividends	824
Total Capital Returned to Common Shareholders	$	3,124
Payout Ratio	75		%
Average TCE	$	154,921
RoTCE	10.8		%

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Appendix B

Citigroup
($ in billions)	2Q’18		2Q’17
Reported EOP Loans	$	671	$	645
Impact of FX Translation	—		(4		)
EOP Loans in Constant Dollars	$	671	$	641
Reported EOP Deposits	$	997	$	959
Impact of FX Translation	—		(5		)
EOP Deposits in Constant Dollars	$	997	$	954

Note: Totals may not sum due to rounding.

Global Consumer Banking
($ in millions)	2Q’18		2Q’17
Reported Revenues	$	8,250	$	8,073
Impact of FX Translation	—		(51		)
Revenues in Constant Dollars	$	8,250	$	8,022
Reported Expenses	$	4,655	$	4,537
Impact of FX Translation	—		(20		)
Expenses in Constant Dollars	$	4,655	$	4,517
Reported Credit Costs	$	1,905	$	1,762
Impact of FX Translation	—		(15		)
Credit Costs in Constant Dollars	$	1,905	$	1,747
Reported Net Income	$	1,278	$	1,124
Impact of FX Translation	—		(9		)
Net Income in Constant Dollars	$	1,278	$	1,115

Note: Totals may not sum due to rounding.

Latin America Consumer Banking
($ in millions)	2Q’18		2Q’17
Reported Revenues	$	1,381	$	1,308
Impact of FX Translation	—		(60		)
Revenues in Constant Dollars	$	1,381	$	1,248
Reported Retail Banking Revenues	$	999	$	939
Impact of FX Translation	—		(43		)
Retail Banking Revenues in Constant Dollars	$	999	$	896
Reported Branded Cards Revenues	$	382	$	369
Impact of FX Translation	—		(17		)
Branded Cards Revenues in Constant Dollars	$	382	$	352

Note: Totals may not sum due to rounding.

Asia Consumer Banking(1)
($ in millions)	2Q’18		2Q’17
Reported Revenues	$	1,865	$	1,819
Impact of FX Translation	—		9
Revenues in Constant Dollars	$	1,865	$	1,828
Reported Retail Banking Revenues	$	1,142	$	1,096
Impact of FX Translation	—		6
Retail Banking Revenues in Constant Dollars	$	1,142	$	1,102
Reported Branded Cards Revenues	$	723	$	723
Impact of FX Translation	—		4
Branded Cards Revenues in Constant Dollars	$	723	$	727

Note:  Totals may not sum due to rounding.

(1)  Asia GCB includes the results of operations in EMEA GCB for all periods presented.

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Appendix C

($ in millions)	6/30/2018(1)			3/31/2018			6/30/2017
Citigroup Common Stockholders’ Equity(2)	$	181,243		$	182,943		$	210,950
Add: Qualifying noncontrolling interests	145			140			143
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(3)	(1,021		)	(920		)	(445		)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(4)	(162		)	(498		)	(291		)
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(5)	21,809			22,482			21,589
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	4,461			4,209			4,587
Defined benefit pension plan net assets	882			871			796
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	12,551			12,811			20,832
Excess over 10% / 15% limitations for other DTAs, certain common stock investments, and MSRs(6)	—			—			8,851
Common Equity Tier 1 Capital (CET1)	$	142,868		$	144,128		$	155,174
Risk-Weighted Assets (RWA)	$	1,176,570		$	1,195,981		$	1,188,167
Common Equity Tier 1 Capital Ratio (CET1 / RWA)	12.1		%	12.1		%	13.1		%

Note:Citi’s reportable CET1 Capital ratios were derived under the U.S. Basel III Standardized Approach framework as of June 30, 2017 and for all subsequent periods. This reflects the lower of the CET1 Capital ratios under both the Standardized Approach and the Advanced Approaches under the Collins Amendment.

(1)Preliminary.

(2)Excludes issuance costs related to outstanding preferred stock in accordance with Federal Reserve Board regulatory reporting requirements.

(3)Common Equity Tier 1 Capital is adjusted for accumulated net unrealized gains (losses) on cash flow hedges included in accumulated other comprehensive income that relate to the hedging of items not recognized at fair value on the balance sheet.

(4)The cumulative impact of changes in Citigroup’s own creditworthiness in valuing liabilities for which the fair value option has been elected, and own-credit valuation adjustments on derivatives, are excluded from Common Equity Tier 1 Capital, in accordance with the U.S. Basel III rules.

(5)Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.

(6)Assets subject to 10% / 15% limitations include MSRs, DTAs arising from temporary differences and significant common stock investments in unconsolidated financial institutions. As of June 30, 2017, the deduction related only to DTAs arising from temporary differences that exceeded the 10% limitation.

Appendix D

($ in millions)	6/30/2018(1)			3/31/2018			6/30/2017
Common Equity Tier 1 Capital (CET1)	$	142,868		$	144,128		$	155,174
Additional Tier 1 Capital (AT1)(2)	19,098			19,362			19,955
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	161,966		$	163,490		$	175,129
Total Leverage Exposure (TLE)	$	2,453,314		$	2,436,817		$	2,418,658
Supplementary Leverage Ratio (T1C / TLE)	6.6		%	6.7		%	7.2		%

(1)Preliminary.

(2)Additional Tier 1 Capital primarily includes qualifying noncumulative perpetual preferred stock and qualifying trust preferred securities.

9

Appendix E

($ and shares in millions, except per share amounts)	6/30/2018(1)		3/31/2018		6/30/2017
Total Citigroup Stockholders’ Equity	$	200,094	$	201,915	$	230,019
Less: Preferred Stock	19,035		19,156		19,253
Common Stockholders’ Equity	$	181,059	$	182,759	$	210,766
Less:
Goodwill	22,058		22,659		22,349
Intangible Assets (other than MSRs)	4,729		4,450		4,887
Goodwill and Identifiable Intangible Assets (other than MSRs) Related to Assets Held-for-Sale	32		48		120
Tangible Common Equity (TCE)	$	154,240	$	155,602	$	183,410
Common Shares Outstanding (CSO)	2,517		2,550		2,725
Tangible Book Value Per Share (TCE / CSO)	$	61.29	$	61.02	$	67.32

(1)  Preliminary.

10

1 Citigroup’s total expenses divided by total revenues.

2 Preliminary. Citigroup’s return on average tangible common equity (RoTCE) is a non-GAAP financial measure. RoTCE represents annualized net income available to common shareholders as a percentage of average tangible common equity (TCE). For the components of the calculation, see Appendix A.

3 Ratios as of June 30, 2018 are preliminary. Citigroup’s Common Equity Tier 1 (CET1) Capital ratio and Supplementary Leverage Ratio (SLR) reflect full implementation of the U.S. Basel III rules for all periods. As of December 31, 2017 and for all prior periods, these ratios are non-GAAP financial measures, which reflect full implementation of regulatory capital adjustments and deductions prior to the effective date of January 1, 2018. For the composition of Citigroup’s CET1 Capital and ratio, see Appendix C. For the composition of Citigroup’s SLR, see Appendix D.

4 Citigroup’s payout ratio is the sum of common dividends and common share repurchases divided by net income available to common shareholders. For the components of the calculation, see Appendix A.

5 Citigroup’s tangible book value per share is a non-GAAP financial measure. For a reconciliation of this measure to reported results, see Appendix E.

6 Results of operations excluding the impact of foreign exchange translation (constant dollar basis) are non-GAAP financial measures. For a reconciliation of these measures to reported results, see Appendix B.

7 Credit derivatives are used to economically hedge a portion of the corporate loan portfolio that includes both accrual loans and loans at fair value. Gains / (losses) on loan hedges includes the mark-to-market on the credit derivatives and the mark-to-market on the loans in the portfolio that are at fair value. The fixed premium costs of these hedges are netted against the corporate lending revenues to reflect the cost of credit protection. Citigroup’s results of operations excluding the impact of gains / (losses) on loan hedges are non-GAAP financial measures.

11

EX-99.2

Exhibit 99.2

CITIGROUP -  QUARTERLY FINANCIAL DATA SUPPLEMENT 2Q18

	Page
Citigroup Consolidated
Financial Summary	1
Consolidated Statement of Income	2
Consolidated Balance Sheet	3
Segment Detail
Net Revenues	4
Income & Regional Average Assets and ROA	5
Global Consumer Banking (GCB)	6
Retail Banking and Cards Key Indicators	7
North America	8 - 10
Latin America(1)	11 - 12
Asia(2)	13 - 14
Institutional Clients Group (ICG)	15
Revenues by Business	16
Corporate / Other	17
Consumer Key Indicators	18
Citigroup Supplemental Detail
Average Balances and Interest Rates	19
Deposits	20
Loans	21
Consumer Loan Delinquency Amounts and Ratios
90+ Days	22
30-89 Days	23
Allowance for Credit Losses	24 - 25
Components of Provision for Loan Losses	26
Non-Accrual Assets	27
CET1 Capital and Supplementary Leverage Ratios, Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share	28

(1)Latin America GCB consists of Citi’s consumer banking operations in Mexico.

(2)Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

CITIGROUP — FINANCIAL SUMMARY (In millions of dollars, except per share amounts, and as otherwise noted)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017(1)			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Total Revenues, Net of Interest Expense	$	18,155		$	18,419		$	17,504		$	18,872		$	18,469		(2	)%	2	%	$	36,521		$	37,341		2	%
Total Operating Expenses	10,760			10,417			10,332			10,925			10,712			(2	)%	—		21,483			21,637			1	%
Net Credit Losses (NCLs)	1,710			1,777			1,880			1,867			1,704			(9	)%	—		3,419			3,571			4	%
Credit Reserve Build / (Release)	(44		)	369			136			(64		)	91			NM		NM		(78		)	27			NM
Provision / (Release) for Unfunded Lending Commitments	28			(175		)	29			28			(4		)	NM		NM		(15		)	24			NM
Provision for Benefits and Claims	23			28			28			26			21			(19	)%	(9	)%	53			47			(11	)%
Provisions for Credit Losses and for Benefits and Claims	$	1,717		$	1,999		$	2,073		$	1,857		$	1,812		(2	)%	6	%	$	3,379		$	3,669		9	%
Income from Continuing Operations before Income Taxes	$	5,678		$	6,003		$	5,099		$	6,090		$	5,945		(2	)%	5	%	$	11,659		$	12,035		3	%
Income Taxes (Benefits)	1,795			1,866			23,864			1,441			1,444			—		(20	)%	3,658			2,885			(21	)%
Income (Loss) from Continuing Operations	$	3,883		$	4,137		$	(18,765	)	$	4,649		$	4,501		(3	)%	16	%	$	8,001		$	9,150		14	%
Income (Loss) from Discontinued Operations, net of Taxes	21			(5		)	(109		)	(7		)	15			NM		(29	)%	3			8			NM
Net Income (Loss) before Noncontrolling Interests	$	3,904		$	4,132		$	(18,874	)	$	4,642		$	4,516		(3	)%	16	%	$	8,004		$	9,158		14	%
Net Income Attributable to Noncontrolling Interests	32			(1		)	19			22			26			18	%	(19	)%	42			48			14	%
Citigroup’s Net Income (Loss)	$	3,872		$	4,133		$	(18,893	)	$	4,620		$	4,490		(3	)%	16	%	$	7,962		$	9,110		14	%
Diluted Earnings Per Share:
Income (Loss) from Continuing Operations	$	1.27		$	1.42		$	(7.33	)	$	1.68		$	1.62		(4	)%	28	%	$	2.63		$	3.30		25	%
Citigroup’s Net Income (Loss)	$	1.28		$	1.42		$	(7.38	)	$	1.68		$	1.63		(3	)%	27	%	$	2.63		$	3.31		26	%
Shares (in millions):
Average Basic	2,739.1			2,683.6			2,606.2			2,561.6			2,530.9			(1	)%	(8	)%	2,752.2			2,546.2			(7	)%
Average Diluted	2,739.2			2,683.7			2,606.2			2,563.0			2,532.3			(1	)%	(8	)%	2,752.3			2,547.6			(7	)%
Common Shares Outstanding, at period end	2,724.6			2,644.0			2,569.9			2,549.9			2,516.6			(1	)%	(8	)%
Preferred Dividends	$	320		$	272		$	320		$	272		$	318		17	%	(1	)%	$	621		$	590		(5	)%
Income Allocated to Unrestricted Common Shareholders - Basic
Income (Loss) from Continuing Operations	$	3,483		$	3,813		$	(19,116	)	$	4,304		$	4,108		(5	)%	18	%	$	7,235		$	8,412		16	%
Citigroup’s Net Income (Loss)	$	3,504		$	3,808		$	(19,225	)	$	4,297		$	4,123		(4	)%	18	%	$	7,238		$	8,430		16	%
Income Allocated to Unrestricted Common Shareholders - Diluted
Income (Loss) from Continuing Operations	$	3,483		$	3,813		$	(19,116	)	$	4,304		$	4,108		(5	)%	18	%	$	7,235		$	8,412		16	%
Citigroup’s Net Income (Loss)	$	3,504		$	3,808		$	(19,225	)	$	4,297		$	4,123		(4	)%	18	%	$	7,238		$	8,430		16	%
Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 (CET1) Capital Ratio (2) (3)	13.06		%	12.98		%	12.36		%	12.05		%	12.1		%
Tier 1 Capital Ratio(2) (3)	14.74		%	14.61		%	14.06		%	13.67		%	13.8		%
Total Capital Ratio(2) (3)	16.93		%	16.95		%	16.30		%	16.01		%	16.3		%
Supplementary Leverage Ratio(3) (4)	7.24		%	7.11		%	6.68		%	6.71		%	6.6		%
Return on Average Assets	0.83		%	0.87		%	(3.93		)%	0.98		%	0.94		%					0.87		%	0.96		%
Return on Average Common Equity	6.8		%	7.3		%	(37.5		)%	9.7		%	9.2		%					7.1		%	9.5		%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)	59		%	57		%	59		%	58		%	58		%					59		%	58		%
Balance Sheet Data (in billions of dollars, except per share amounts):
Total Assets	$	1,864.1		$	1,889.1		$	1,842.5		$	1,922.1		$	1,912.3		(1	)%	3	%
Total Average Assets	1,869.2			1,892.3			1,909.7			1,904.2			1,917.1			1	%	3	%	$	1,849.9		$	1,910.7		3	%
Total Deposits	958.7			964.0			959.8			1,001.2			996.7			—		4	%
Citigroup’s Stockholders’ Equity(5) (6)	230.0			227.6			200.7			201.9			200.1			(1	)%	(13	)%
Book Value Per Share	77.36			78.81			70.62			71.67			71.95			—		(7	)%
Tangible Book Value Per Share (7)	67.32			68.55			60.16			61.02			61.29			—		(9	)%
Direct Staff (in thousands)	214			213			209			209			205			(2	)%	(4	)%

(1)4Q17 includes the $22.6 billion impact related to the enactment of the Tax Cuts and Jobs Act (Tax Reform), which was signed into law on December 22, 2017. The $22.6 billion increase in income taxes from Tax Reform was recorded in North America GCB ($0.8 billion), ICG ($2.0 billion) and Corporate/ Other ($19.8 billion). The final impact of Tax Reform may differ from these estimates, due to, among other things, changes in assumptions made by Citigroup and additional guidance that may be issued by the U.S. Department of the Treasury.

(2)For all periods presented, Citi’s reportable CET1 Capital and Tier 1 Capital ratios were derived under the U.S. Basel III Standardized Approach, whereas Citi’s reportable Total Capital ratios were derived under the U.S. Basel III Advanced Approaches framework.  The reportable ratios represent the lower of each of the three risk-based capital ratios (CET1 Capital, Tier 1 Capital and Total Capital) under both the Standardized Approach and the Advanced Approaches under the Collins Amendment.  Citigroup’s risk-based capital ratios reflect full implementation of the U.S. Basel III rules for all periods. As of December 31, 2017 and for all prior periods, these ratios are non-GAAP financial measures, which reflect full implementation of regulatory capital adjustments and deductions prior to the effective date of January 1, 2018. For the composition of Citi’s CET1 Capital and ratio, see page 28.

(3)June 30, 2018 is preliminary.

(4)Citigroup’s Supplementary Leverage Ratio (SLR) reflects full implementation of the U.S. Basel III rules for all periods. As of December 31, 2017 and for all prior periods, this ratio is a non-GAAP financial measure, which reflects full implementation of regulatory capital adjustments and deductions prior to the effective date of January 1, 2018. For the composition of Citi’s SLR, see page 28.

(5)In March 2017, the FASB issued Accounting Standards Update 2017-08, Premium Amortization on Purchased Callable Debt Securities (ASU 2017-08), which revises existing U.S. GAAP by shortening the amortization period for premiums on certain purchased callable debt securities to the earliest call date, rather than the contractual life of the security. During the second quarter of 2017, Citi early adopted ASU 2017-08 on a modified retrospective basis effective January 1, 2017, resulting in a $156 million net reduction of Citi’s stockholders’ equity.

(6)Citi early adopted ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income as of December 31, 2017. The ASU allows a reclassification from Accumulated other comprehensive income (loss) (AOCI) to Retained earnings for the deferred taxes previously recorded in AOCI that exceed the current federal tax rate of 21% resulting from the newly enacted corporate tax rate as part of Tax Reform. The effect of adopting the ASU resulted in an increase of $3,304 million to Retained earnings at December 31, 2017 due to the reclassification of AOCI to Retained earnings.

(7)Tangible book value per share is a non-GAAP financial measure. For a reconciliation of this measure to reported results, see page 28.

Note:  Ratios and variance percentages are calculated based on the displayed amounts.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME (In millions of dollars)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Revenues
Interest revenue	$	15,294		$	15,914		$	15,850		$	16,332		$	17,550		7	%	15	%	$	29,815		$	33,882		14	%
Interest expense	4,036			4,379			4,537			5,160			5,885			14	%	46	%	7,602			11,045			45	%
Net interest revenue	11,258			11,535			11,313			11,172			11,665			4	%	4	%	22,213			22,837			3	%
Commissions and fees	3,256			3,241			3,155			3,030			3,111			3	%	(4	)%	6,311			6,141			(3	)%
Principal transactions	2,643			2,248			1,490			3,289			2,151			(35	)%	(19	)%	5,737			5,440			(5	)%
Administrative and other fiduciary fees	909			929			912			905			934			3	%	3	%	1,743			1,839			6	%
Realized gains (losses) on investments	221			213			152			170			102			(40	)%	(54	)%	413			272			(34	)%
Other-than-temporary impairment losses on investments and other assets	(20		)	(15		)	(16		)	(28		)	(15		)	46	%	25	%	(32		)	(43		)	(34	)%
Other revenue	(112		)	268			498			334			521			56	%	NM		136			855			NM
Total non-interest revenues	6,897			6,884			6,191			7,700			6,804			(12	)%	(1	)%	14,308			14,504			1	%
Total revenues, net of interest expense	18,155			18,419			17,504			18,872			18,469			(2	)%	2	%	36,521			37,341			2	%
Provisions for Credit Losses and for Benefits and Claims
Net credit losses	1,710			1,777			1,880			1,867			1,704			(9	)%	—		3,419			3,571			4	%
Credit reserve build / (release)	(44		)	369			136			(64		)	91			NM		NM		(78		)	27			NM
Provision for loan losses	1,666			2,146			2,016			1,803			1,795			—		8	%	3,341			3,598			8	%
Provision for Policyholder benefits and claims	23			28			28			26			21			(19	)%	(9	)%	53			47			(11	)%
Provision for unfunded lending commitments	28			(175		)	29			28			(4		)	NM		NM		(15		)	24			NM
Total provisions for credit losses and for benefits and claims	1,717			1,999			2,073			1,857			1,812			(2	)%	6	%	3,379			3,669			9	%
Operating Expenses
Compensation and benefits	5,463			5,304			4,880			5,807			5,452			(6	)%	—		10,997			11,259			2	%
Premises and Equipment	604			608			621			593			570			(4	)%	(6	)%	1,224			1,163			(5	)%
Technology / communication expense	1,695			1,764			1,787			1,758			1,797			2	%	6	%	3,358			3,555			6	%
Advertising and marketing expense	432			417			386			381			411			8	%	(5	)%	805			792			(2	)%
Other operating	2,566			2,324			2,658			2,386			2,482			4	%	(3	)%	5,099			4,868			(5	)%
Total operating expenses	10,760			10,417			10,332			10,925			10,712			(2	)%	—		21,483			21,637			1	%
Income from Continuing Operations before Income Taxes	5,678			6,003			5,099			6,090			5,945			(2	)%	5	%	11,659			12,035			3	%
Provision (benefits) for income taxes	1,795			1,866			23,864			1,441			1,444			—		(20	)%	3,658			2,885			(21	)%
Income (Loss) from Continuing Operations	3,883			4,137			(18,765		)	4,649			4,501			(3	)%	16	%	8,001			9,150			14	%
Discontinued Operations
Income (Loss) from Discontinued Operations	33			(9		)	(100		)	(7		)	(2		)	71	%	NM		5			(9		)	NM
Provision (benefits) for income taxes	12			(4		)	9			—			(17		)	NM		NM		2			(17		)	NM
Income (Loss) from Discontinued Operations, net of taxes	21			(5		)	(109		)	(7		)	15			NM		(29	)%	3			8			NM
Net Income (Loss) before Noncontrolling Interests	3,904			4,132			(18,874		)	4,642			4,516			(3	)%	16	%	8,004			9,158			14	%
Net Income (Loss) attributable to noncontrolling interests	32			(1		)	19			22			26			18	%	(19	)%	42			48			14	%
Citigroup’s Net Income (Loss)	$	3,872		$	4,133		$	(18,893	)	$	4,620		$	4,490		(3	)%	16	%	$	7,962		$	9,110		14	%

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

2

CITIGROUP CONSOLIDATED BALANCE SHEET (In millions of dollars)

																2Q18 Increase/
	June 30,			September 30,			December 31,			March 31,			June 30,			(Decrease) from
	2017			2017			2017			2018			2018 (1)			1Q18		2Q17
Assets
Cash and due from banks (including segregated cash and other deposits)	$	20,940		$	22,604		$	23,775		$	21,850		$	21,077		(4	)%	1	%
Deposits with banks	165,142			163,505			156,741			180,854			179,825			(1	)%	9	%
Fed funds sold and securities borr’d or purch under agree. to resell	234,065			252,608			232,478			257,887			265,526			3	%	13	%
Brokerage receivables	40,487			38,076			38,384			46,572			36,977			(21	)%	(9	)%
Trading account assets	260,549			260,151			252,702			268,808			262,949			(2	)%	1	%
Investments
Available-for-sale and non-marketable equity securities(2)	301,535			303,147			298,970			299,479			296,819			(1	)%	(2	)%
Held-to-maturity	50,175			51,527			53,320			52,492			52,897			1	%	5	%
Total Investments	351,710			354,674			352,290			351,971			349,716			(1	)%	(1	)%
Loans, net of unearned income
Consumer	325,261			325,576			333,656			325,084			323,632			—		(1	)%
Corporate	319,434			327,607			333,378			347,854			347,548			—		9	%
Loans, net of unearned income	644,695			653,183			667,034			672,938			671,180			—		4	%
Allowance for loan losses	(12,025		)	(12,366		)	(12,355		)	(12,354		)	(12,126		)	2	%	(1	)%
Total loans, net	632,670			640,817			654,679			660,584			659,054			—		4	%
Goodwill	22,349			22,345			22,256			22,659			22,058			(3	)%	(1	)%
Intangible assets (other than MSRs)	4,887			4,732			4,588			4,450			4,729			6	%	(3	)%
Mortgage servicing rights (MSRs)	560			553			558			587			596			2	%	6	%
Other assets	130,704			129,068			104,014			105,882			109,827			4	%	(16	)%
Total assets	$	1,864,063		$	1,889,133		$	1,842,465		$	1,922,104		$	1,912,334		(1	)%	3	%
Liabilities
Non-interest-bearing deposits in U.S. offices	$	126,253		$	127,220		$	126,880		$	125,332		$	117,473		(6	)%	(7	)%
Interest-bearing deposits in U.S. offices	311,361			315,556			318,613			327,872			337,228			3	%	8	%
Total U.S. Deposits	437,614			442,776			445,493			453,204			454,701			—		4	%
Non-interest-bearing deposits in offices outside the U.S.	83,046			84,178			87,440			90,477			86,241			(5	)%	4	%
Interest-bearing deposits in offices outside the U.S.	438,083			437,084			426,889			457,538			455,788			—		4	%
Total International Deposits	521,129			521,262			514,329			548,015			542,029			(1	)%	4	%
Total deposits	958,743			964,038			959,822			1,001,219			996,730			—		4	%
Fed funds purch and securities loaned or sold under agree. to repurch.	154,780			161,282			156,277			171,759			177,828			4	%	15	%
Brokerage payables	62,947			63,205			61,342			69,685			67,672			(3	)%	8	%
Trading account liabilities	137,698			139,530			125,028			143,961			140,745			(2	)%	2	%
Short-term borrowings	36,519			38,149			44,452			36,094			37,233			3	%	2	%
Long-term debt	225,179			232,673			236,709			237,938			236,822			—		5	%
Other liabilities(3)	57,090			61,634			57,163			58,582			54,336			(7	)%	(5	)%
Total liabilities	$	1,632,956		$	1,660,511		$	1,640,793		$	1,719,238		$	1,711,366		—		5	%
Equity
Stockholders’ equity(2)(4)
Preferred stock	$	19,253		$	19,253		$	19,253		$	19,156		$	19,035		(1	)%	(1	)%
Common stock	31			31			31			31			31			—		—
Additional paid-in capital	107,798			107,896			108,008			107,599			107,724			—		—
Retained earnings(2)(4)	152,178			155,174			138,425			141,863			145,211			2	%	(5	)%
Treasury stock	(19,342		)	(24,829		)	(30,309		)	(32,115		)	(34,413		)	(7	)%	(78	)%
Accumulated other comprehensive income (loss)(4)	(29,899		)	(29,891		)	(34,668		)	(34,619		)	(37,494		)	(8	)%	(25	)%
Total common equity	$	210,766		$	208,381		$	181,487		$	182,759		$	181,059		(1	)%	(14	)%
Total Citigroup stockholders’ equity	$	230,019		$	227,634		$	200,740		$	201,915		$	200,094		(1	)%	(13	)%
Noncontrolling interests	1,088			988			932			951			874			(8	)%	(20	)%
Total equity	231,107			228,622			201,672			202,866			200,968			(1	)%	(13	)%
Total liabilities and equity	$	1,864,063		$	1,889,133		$	1,842,465		$	1,922,104		$	1,912,334		(1	)%	3	%

(1)            Preliminary.

(2)            See footnote 5 on page 1.

(3)            Includes allowance for credit losses for unfunded lending commitments.  See page 24 for amounts by period.

(4)            See footnote 6 on page 1.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

3

SEGMENT DETAIL NET REVENUES (In millions of dollars)

											2Q18 Increase/				Six		Six		YTD 2018 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from				Months		Months		YTD 2017 Increase/
	2017		2017		2017		2018		2018		1Q18		2Q17		2017		2018		(Decrease)
Global Consumer Banking
North America	$	4,946	$	5,197	$	5,182	$	5,157	$	5,004	(3	)%	1	%	$	9,891	$	10,161	3	%
Latin America	1,308		1,388		1,359		1,347		1,381		3	%	6	%	2,475		2,728		10	%
Asia(1)	1,819		1,885		1,908		1,929		1,865		(3	)%	3	%	3,553		3,794		7	%
Total	8,073		8,470		8,449		8,433		8,250		(2	)%	2	%	15,919		16,683		5	%
Institutional Clients Group
North America	3,646		3,709		3,046		3,265		3,511		8	%	(4	)%	7,168		6,776		(5	)%
EMEA	2,881		2,703		2,441		3,167		3,043		(4	)%	6	%	5,735		6,210		8	%
Latin America	1,086		1,099		1,031		1,210		1,162		(4	)%	7	%	2,255		2,372		5	%
Asia	1,808		1,919		1,786		2,206		1,975		(10	)%	9	%	3,582		4,181		17	%
Total	9,421		9,430		8,304		9,848		9,691		(2	)%	3	%	18,740		19,539		4	%
Corporate / Other	661		519		751		591		528		(11	)%	(20	)%	1,862		1,119		(40	)%
Total Citigroup - Net Revenues	$	18,155	$	18,419	$	17,504	$	18,872	$	18,469	(2	)%	2	%	$	36,521	$	37,341	2	%

(1)Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

4

SEGMENT DETAIL INCOME (In millions of dollars)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Income (Loss) from Continuing Operations:
Global Consumer Banking(1)
North America	$	657		$	642		$	77		$	838		$	719		(14	)%	9	%	$	1,271		$	1,557		23	%
Latin America	141			169			165			183			200			9	%	42	%	276			383			39	%
Asia (2)	330			359			340			373			360			(3	)%	9	%	579			733			27	%
Total	1,128			1,170			582			1,394			1,279			(8	)%	13	%	2,126			2,673			26	%
Institutional Clients Group(1)
North America	1,088			1,298			(1,108		)	857			1,028			20	%	(6	)%	2,165			1,885			(13	)%
EMEA	786			753			431			1,113			987			(11	)%	26	%	1,648			2,100			27	%
Latin America	341			388			333			491			514			5	%	51	%	823			1,005			22	%
Asia	565			623			557			868			708			(18	)%	25	%	1,155			1,576			36	%
Total	2,780			3,062			213			3,329			3,237			(3	)%	16	%	5,791			6,566			13	%
Corporate / Other (1)	(25		)	(95		)	(19,560		)	(74		)	(15		)	80	%	40	%	84			(89		)	NM
Income (Loss) From Continuing Operations	$	3,883		$	4,137		$	(18,765	)	$	4,649		$	4,501		(3	)%	16	%	$	8,001		$	9,150		14	%
Discontinued Operations	21			(5		)	(109		)	(7		)	15			NM		(29	)%	3			8			NM
Net Income Attributable to Noncontrolling Interests	32			(1		)	19			22			26			18	%	(19	)%	42			48			14	%
Total Citigroup - Net Income (Loss)	$	3,872		$	4,133		$	(18,893	)	$	4,620		$	4,490		(3	)%	16	%	$	7,962		$	9,110		14	%
Average Assets (in billions of dollars)
North America	$	982		$	993		$	1,006		$	971		$	979		1	%	—		$	972		$	975		—
EMEA(2)	335			329			334			363			375			3	%	12	%	327			369			13	%
Latin America	129			131			128			129			127			(2	)%	(2	)%	127			128			1	%
Asia(2)	328			337			340			348			342			(2	)%	4	%	325			345			6	%
Corporate / Other	95			102			102			93			94			1	%	(1	)%	99			94			(5	)%
Total	$	1,869		$	1,892		$	1,910		$	1,904		$	1,917		1	%	3	%	$	1,850		$	1,911		3	%
Return on Average Assets (ROA) on Net Income (Loss)
North America	0.71		%	0.78		%	(0.41		)%	0.71		%	0.72		%					0.71		%	0.71		%
EMEA(2)	0.93		%	0.89		%	0.50		%	1.23		%	1.04		%					1.00		%	1.13		%
Latin America	1.49		%	1.68		%	1.54		%	2.12		%	2.25		%					1.74		%	2.19		%
Asia(2)	1.09		%	1.15		%	1.04		%	1.44		%	1.25		%					1.07		%	1.35		%
Corporate/Other	(0.06		)%	(0.32		)%	(76.53		)%	(0.38		)%	(0.06		)%					0.17		%	(0.21		)%
Total	0.83		%	0.87		%	(3.93		)%	0.98		%	0.94		%					0.87		%	0.96		%

(1)         See footnote 1 on page 1.

(2)         Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

5

GLOBAL CONSUMER BANKING Page 1 (In millions of dollars, except as otherwise noted)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017(1)			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Net Interest Revenue	$	6,760		$	7,071		$	7,015		$	6,980		$	7,019		1	%	4	%	$	13,339		$	13,999		5	%
Non-Interest Revenue	1,313			1,399			1,434			1,453			1,231			(15	)%	(6	)%	2,580			2,684			4	%
Total Revenues, Net of Interest Expense	8,073			8,470			8,449			8,433			8,250			(2	)%	2	%	15,919			16,683			5	%
Total Operating Expenses	4,537			4,452			4,563			4,681			4,655			(1	)%	3	%	8,988			9,336			4	%
Net Credit Losses	1,615			1,704			1,640			1,736			1,726			(1	)%	7	%	3,218			3,462			8	%
Credit Reserve Build / (Release)	125			486			177			144			154			7	%	23	%	302			298			(1	)%
Provision for Unfunded Lending Commitments	(1		)	(5		)	(2		)	(1		)	3			NM		NM		5			2			(60	)%
Provision for Benefits and Claims	23			28			36			26			22			(15	)%	(4	)%	52			48			(8	)%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	1,762			2,213			1,851			1,905			1,905			—		8	%	3,577			3,810			7	%
Income from Continuing Operations before Taxes	1,774			1,805			2,035			1,847			1,690			(9	)%	(5	)%	3,354			3,537			5	%
Income Taxes (2)	646			635			1,453			453			411			(9	)%	(36	)%	1,228			864			(30	)%
Income from Continuing Operations	1,128			1,170			582			1,394			1,279			(8	)%	13	%	2,126			2,673			26	%
Noncontrolling Interests	4			2			2			2			1			(50	)%	(75	)%	5			3			(40	)%
Net Income	$	1,124		$	1,168		$	580		$	1,392		$	1,278		(8	)%	14	%	$	2,121		$	2,670		26	%
EOP Assets (in billions of dollars)	$	418		$	419		$	428		$	423		$	422		—		1	%
Average Assets (in billions of dollars)	$	414		$	421		$	423		$	423		$	417		(1	)%	1	%	$	412		$	420		2	%
Return on Average Assets (ROA)	1.09		%	1.10		%	0.54		%	1.33		%	1.23		%					1.04		%	1.28		%
Efficiency Ratio	56		%	53		%	54		%	56		%	56		%					56		%	56		%
Net Credit Losses as a % of Average Loans	2.20		%	2.26		%	2.15		%	2.30		%	2.28		%					2.22		%	2.29		%
Revenue by Business
Retail Banking	$	3,328		$	3,521		$	3,458		$	3,471		$	3,489		1	%	5	%	$	6,503		$	6,960		7	%
Cards (3)	4,745			4,949			4,991			4,962			4,761			(4	)%	—		9,416			9,723			3	%
Total	$	8,073		$	8,470		$	8,449		$	8,433		$	8,250		(2	)%	2	%	$	15,919		$	16,683		5	%
Net Credit Losses by Business
Retail Banking	$	244		$	300		$	243		$	232		$	228		(2	)%	(7	)%	$	480		$	460		(4	)%
Cards (3)	1,371			1,404			1,397			1,504			1,498			—		9	%	2,738			3,002			10	%
Total	$	1,615		$	1,704		$	1,640		$	1,736		$	1,726		(1	)%	7	%	$	3,218		$	3,462		8	%
Income from Continuing Operations by Business
Retail Banking	$	419		$	546		$	358		$	524		$	580		11	%	38	%	$	752		$	1,104		47	%
Cards (3)	709			624			224			870			699			(20	)%	(1	)%	1,374			1,569			14	%
Total	$	1,128		$	1,170		$	582		$	1,394		$	1,279		(8	)%	13	%	$	2,126		$	2,673		26	%
Foreign Currency (FX) Translation Impact:
Total Revenue - as Reported	$	8,073		$	8,470		$	8,449		$	8,433		$	8,250		(2	)%	2	%	$	15,919		$	16,683		5	%
Impact of FX Translation (4)	(51		)	(115		)	(40		)	(112		)	—							92			—
Total Revenues - Ex-FX (4)	$	8,022		$	8,355		$	8,409		$	8,321		$	8,250		(1	)%	3	%	$	16,011		$	16,683		4	%
Total Operating Expenses - as Reported	$	4,537		$	4,452		$	4,563		$	4,681		$	4,655		(1	)%	3	%	$	8,988		$	9,336		4	%
Impact of FX Translation (4)	(20		)	(51		)	(21		)	(58		)	—							70			—
Total Operating Expenses - Ex-FX (4)	$	4,517		$	4,401		$	4,542		$	4,623		$	4,655		1	%	3	%	$	9,058		$	9,336		3	%
Total Provisions for LLR & PBC - as Reported	$	1,762		$	2,213		$	1,851		$	1,905		$	1,905		—		8	%	$	3,577		$	3,810		7	%
Impact of FX Translation (4)	(15		)	(30		)	(8		)	(21		)	—							13			—
Total Provisions for LLR & PBC - Ex-FX (4)	$	1,747		$	2,183		$	1,843		$	1,884		$	1,905		1	%	9	%	$	3,590		$	3,810		6	%
Net Income - as Reported	$	1,124		$	1,168		$	580		$	1,392		$	1,278		(8	)%	14	%	$	2,121		$	2,670		26	%
Impact of FX Translation (4)	(9		)	(21		)	(8		)	(26		)	—							8			—
Net Income - Ex-FX (4)	$	1,115		$	1,147		$	572		$	1,366		$	1,278		(6	)%	15	%	$	2,129		$	2,670		25	%

(1)See footnote 1 on page 1.

(2)Income taxes in the fourth quarter of 2017 include $750 million related to Tax Reform and is reflected in North America Retail Banking ($105 million) and North America Cards ($645 million).

(3)Includes both Citi-Branded Cards and Citi Retail Services.

(4)Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the second quarter of 2018 and year-to-date 2018 average exchange rates for all periods presented. Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

6

GLOBAL CONSUMER BANKING Page 2

																2Q18 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2017			2017			2017			2018			2018			1Q18		2Q17
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	2,570			2,474			2,451			2,433			2,428			—		(6	)%
Accounts (in millions)	53.8			53.2			52.9			53.2			53.9			1	%	—
Average Deposits	$	307.2		$	308.1		$	306.5		$	308.9		$	305.8		(1	)%	—
Investment Sales	$	21.8		$	25.3		$	23.7		$	27.1		$	23.9		(12	)%	10	%
Investment Assets under Management (AUMs)	$	152.8		$	158.2		$	160.9		$	163.5		$	162.7		—		6	%
Average Loans	$	142.3		$	144.3		$	145.1		$	147.1		$	145.6		(1	)%	2	%
EOP Loans:
Mortgages	$	81.4		$	81.4		$	81.7		$	82.1		$	80.5		(2	)%	(1	)%
Commercial Banking	34.8			35.5			36.3			36.8			36.5			(1	)%	5	%
Personal and Other	27.2			27.3			27.9			28.5			28.1			(1	)%	3	%
EOP Loans	$	143.4		$	144.2		$	145.9		$	147.4		$	145.1		(2	)%	1	%
Total Net Interest Revenue (in millions) (1)	$	2,285		$	2,383		$	2,345		$	2,356		$	2,425		3	%	6	%
As a % of Average Loans	6.44		%	6.55		%	6.41		%	6.50		%	6.68		%
Net Credit Losses (in millions)	$	244		$	300		$	243		$	232		$	228		(2	)%	(7	)%
As a % of Average Loans	0.69		%	0.82		%	0.66		%	0.64		%	0.63		%
Loans 90+ Days Past Due (in millions) (2)	$	477		$	489		$	515		$	493		$	500		1	%	5	%
As a % of EOP Loans	0.33		%	0.34		%	0.35		%	0.34		%	0.35		%
Loans 30-89 Days Past Due (in millions) (2)	$	747		$	805		$	822		$	830		$	754		(9	)%	1	%
As a % of EOP Loans	0.52		%	0.56		%	0.57		%	0.57		%	0.52		%
Cards Key Indicators (in millions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	141.5			141.2			141.7			140.3			140.2			—		(1	)%
Purchase Sales (in billions)	$	125.3		$	124.9		$	136.3		$	121.7		$	133.6		10	%	7	%
Average Loans (in billions) (3)	$	151.5		$	155.4		$	158.2		$	159.2		$	157.5		(1	)%	4	%
EOP Loans (in billions) (3)	$	155.1		$	156.6		$	164.9		$	156.6		$	160.9		3	%	4	%
Average Yield (4)	12.78		%	12.87		%	12.70		%	12.98		%	13.09		%
Total Net Interest Revenue (5)	$	4,475		$	4,688		$	4,651		$	4,615		$	4,594		—		3	%
As a % of Average Loans (5)	11.85		%	11.97		%	11.66		%	11.76		%	11.70		%
Net Credit Losses	$	1,371		$	1,404		$	1,397		$	1,504		$	1,498		—		9	%
As a % of Average Loans	3.63		%	3.58		%	3.50		%	3.83		%	3.81		%
Net Credit Margin (6)	$	3,368		$	3,542		$	3,569		$	3,451		$	3,263		(5	)%	(3	)%
As a % of Average Loans (6)	8.92		%	9.04		%	8.95		%	8.79		%	8.31		%
Loans 90+ Days Past Due	$	1,706		$	1,790		$	1,963		$	1,886		$	1,845		(2	)%	8	%
As a % of EOP Loans	1.10		%	1.14		%	1.19		%	1.20		%	1.15		%
Loans 30-89 Days Past Due	$	1,751		$	1,958		$	1,940		$	1,880		$	1,804		(4	)%	3	%
As a % of EOP Loans	1.13		%	1.25		%	1.18		%	1.20		%	1.12		%

(1)Also includes net interest revenue related to the average deposit balances in excess of the average loan portfolio.

(2)The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios excludes U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies. See footnote 2 on page 9.

(3)Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(4)Average yield is gross interest revenue earned on loans divided by average loans.

(5)Net interest revenue includes certain fees that are recorded as interest revenue.

(6)Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

7

GLOBAL CONSUMER BANKING NORTH AMERICA Page 1 (In millions of dollars, except as otherwise noted)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017(1)			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Net Interest Revenue	$	4,632		$	4,825		$	4,805		$	4,750		$	4,780		1	%	3	%	$	9,249		$	9,530		3	%
Non-Interest Revenue	314			372			377			407			224			(45	)%	(29	)%	642			631			(2	)%
Total Revenues, Net of Interest Expense	4,946			5,197			5,182			5,157			5,004			(3	)%	1	%	9,891			10,161			3	%
Total Operating Expenses	2,598			2,482			2,568			2,645			2,666			1	%	3	%	5,195			5,311			2	%
Net Credit Losses	1,181			1,239			1,186			1,296			1,278			(1	)%	8	%	2,371			2,574			9	%
Credit Reserve Build / (Release)	101			463			153			123			115			(7	)%	14	%	253			238			(6	)%
Provision for Unfunded Lending Commitments	2			(3		)	(2		)	(4		)	2			NM		—		9			(2		)	NM
Provision for Benefits and Claims	8			9			10			6			5			(17	)%	(38	)%	14			11			(21	)%
Provisions for Loan Losses and for Benefits and Claims	1,292			1,708			1,347			1,421			1,400			(1	)%	8	%	2,647			2,821			7	%
Income from Continuing Operations before Taxes	1,056			1,007			1,267			1,091			938			(14	)%	(11	)%	2,049			2,029			(1	)%
Income Taxes (2)	399			365			1,190			253			219			(13	)%	(45	)%	778			472			(39	)%
Income from Continuing Operations	657			642			77			838			719			(14	)%	9	%	1,271			1,557			23	%
Noncontrolling Interests	—			—			(1		)	—			—			—		—		—			—			—
Net Income	$	657		$	642		$	78		$	838		$	719		(14	)%	9	%	$	1,271		$	1,557		23	%
Average Assets (in billions)	$	244		$	250		$	254		$	248		$	244		(2	)%	—		$	245		$	246		—
Return on Average Assets	1.08		%	1.02		%	0.12		%	1.37		%	1.18		%					1.05		%	1.28		%
Efficiency Ratio	53		%	48		%	50		%	51		%	53		%					53		%	52		%
Net Credit Losses as a % of Average Loans	2.58		%	2.63		%	2.48		%	2.77		%	2.72		%					2.61		%	2.74		%
Revenue by Business
Retail Banking	$	1,293		$	1,366		$	1,349		$	1,307		$	1,348		3	%	4	%	$	2,550		$	2,655		4	%
Citi-Branded Cards	2,079			2,178			2,225			2,232			2,062			(8	)%	(1	)%	4,175			4,294			3	%
Citi Retail Services	1,574			1,653			1,608			1,618			1,594			(1	)%	1	%	3,166			3,212			1	%
Total	$	4,946		$	5,197		$	5,182		$	5,157		$	5,004		(3	)%	1	%	$	9,891		$	10,161		3	%
Net Credit Losses by Business
Retail Banking	$	39		$	88		$	30		$	43		$	32		(26	)%	(18	)%	$	76		$	75		(1	)%
Citi-Branded Cards	611			611			592			651			657			1	%	8	%	1,244			1,308			5	%
Citi Retail Services	531			540			564			602			589			(2	)%	11	%	1,051			1,191			13	%
Total	$	1,181		$	1,239		$	1,186		$	1,296		$	1,278		(1	)%	8	%	$	2,371		$	2,574		9	%
Income from Continuing Operations by Business
Retail Banking	$	130		$	169		$	41		$	140		$	161		15	%	24	%	$	202		$	301		49	%
Citi-Branded Cards	302			342			119			425			309			(27	)%	2	%	548			734			34	%
Citi Retail Services	225			131			(83		)	273			249			(9	)%	11	%	521			522			—
Total	$	657		$	642		$	77		$	838		$	719		(14	)%	9	%	$	1,271		$	1,557		23	%

(1)See footnote 1 on page 1.

(2)Income taxes in the fourth quarter of 2017 include $750 million related to Tax Reform and is reflected in Retail Banking ($105 million), Citi-Branded Cards ($320 million) and Citi Retail Services ($325 million).

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

8

GLOBAL CONSUMER BANKING NORTH AMERICA Page 2

																2Q18 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2017			2017			2017			2018			2018			1Q18		2Q17
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	695			695			694			694			693			—		—
Accounts (in millions)	9.5			9.4			9.2			9.1			9.1			—		(4	)%
Average Deposits	$	185.1		$	184.1		$	182.7		$	180.9		$	179.9		(1	)%	(3	)%
Investment Sales	$	6.5		$	6.7		$	7.0		$	8.4		$	7.8		(7	)%	20	%
Investment AUMs	$	56.7		$	58.6		$	60.3		$	60.5		$	61.1		1	%	8	%
Average Loans	$	55.6		$	55.7		$	56.0		$	55.7		$	55.6		—		—
EOP Loans:
Mortgages	$	44.3		$	44.2		$	44.3		$	44.2		$	44.4		—		—
Commercial Banking	9.2			9.4			9.5			9.1			9.1			—		(1	)%
Personal and Other	2.1			2.1			2.2			2.1			2.2			5	%	5	%
Total EOP Loans	$	55.6		$	55.7		$	56.0		$	55.4		$	55.7		1	%	—
Mortgage Originations (1)	$	3.1		$	3.2		$	3.0		$	2.3		$	2.6		13	%	(16	)%
Third Party Mortgage Servicing Portfolio (EOP)	$	49.1		$	49.1		$	47.3		$	46.0		$	45.7		(1	)%	(7	)%
Net Servicing & Gain/(Loss) on Sale (in millions)	$	50.0		$	47.3		$	69.1		$	33.4		$	33.6		1	%	(33	)%
Saleable Mortgage Rate Locks	$	1.5		$	1.7		$	1.3		$	1.2		$	1.3		8	%	(13	)%
Net Interest Revenue on Loans (in millions)	$	248		$	253		$	235		$	232		$	226		(3	)%	(9	)%
As a % of Avg. Loans	1.79		%	1.80		%	1.66		%	1.69		%	1.63		%
Net Credit Losses (in millions)	$	39		$	88		$	30		$	43		$	32		(26	)%	(18	)%
As a % of Avg. Loans	0.28		%	0.63		%	0.21		%	0.31		%	0.23		%
Loans 90+ Days Past Due (in millions) (2)	$	155		$	167		$	199		$	184		$	179		(3	)%	15	%
As a % of EOP Loans	0.28		%	0.30		%	0.36		%	0.34		%	0.33		%
Loans 30-89 Days Past Due (in millions) (2)	$	191		$	270		$	306		$	227		$	252		11	%	32	%
As a % of EOP Loans	0.35		%	0.49		%	0.55		%	0.41		%	0.46		%

(1)Originations of residential first mortgages.

(2)The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.

The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) were $295 million and ($0.8 billion), $289 million and ($0.7 billion), $298 million and ($0.7 billion), $272 million and ($0.7 billion), and $244 million and ($0.7 billion) as of June 30, 2017, September 30, 2017, December 31, 2017, March 31, 2018 and June 30, 2018, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $84 million and ($0.8 billion), $79 million and ($0.7 billion), $88 million and ($0.7 billion), $92 million and ($0.7 billion), and $87 million and ($0.9 billion) as of June 30, 2017, September 30, 2017, December 31, 2017, March 31, 2018 and June 30, 2018, respectively.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

9

GLOBAL CONSUMER BANKING NORTH AMERICA Page 3

																2Q18 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2017			2017			2017			2018			2018			1Q18		2Q17
Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts (in millions)	33.6			33.9			34.2			33.9			34.1			1	%	1	%
Purchase Sales (in billions)	$	80.5		$	80.4		$	86.3		$	78.6		$	86.4		10	%	7	%
Average Loans (in billions) (1)	$	83.3		$	85.4		$	86.8		$	86.9		$	86.6		—		4	%
EOP Loans (in billions) (1)	$	85.6		$	86.3		$	90.5		$	85.7		$	88.1		3	%	3	%
Average Yield (2)	9.61		%	9.70		%	9.63		%	9.79		%	9.94		%
Total Net Interest Revenue (3)	$	1,788		$	1,849		$	1,854		$	1,800		$	1,788		(1	)%	—
As a % of Avg. Loans (3)	8.61		%	8.59		%	8.47		%	8.40		%	8.28		%
Net Credit Losses	$	611		$	611		$	592		$	651		$	657		1	%	8	%
As a % of Average Loans	2.94		%	2.84		%	2.71		%	3.04		%	3.04		%
Net Credit Margin (4)	$	1,466		$	1,564		$	1,610		$	1,573		$	1,403		(11	)%	(4	)%
As a % of Avg. Loans (4)	7.06		%	7.27		%	7.36		%	7.34		%	6.50		%
Loans 90+ Days Past Due	$	659		$	668		$	768		$	731		$	712		(3	)%	8	%
As a % of EOP Loans	0.77		%	0.77		%	0.85		%	0.85		%	0.81		%
Loans 30-89 Days Past Due	$	619		$	705		$	698		$	669		$	627		(6	)%	1	%
As a % of EOP Loans	0.72		%	0.82		%	0.77		%	0.78		%	0.71		%
Citi-Branded Cards - Ex Hilton (in millions of dollars, except as otherwise noted) (1) (5)
Total Revenues, Net of Interest Expense	$	2,043		$	2,139		$	2,186		$	2,071		$	2,062		—		1	%
Purchase Sales (in billions)	$	78.9		$	78.9		$	84.8		$	78.3		$	86.4		10	%	10	%
Average Loans (in billions) (1)	$	82.1		$	84.2		$	86.4		$	86.9		$	86.6		—		5	%
EOP Loans (in billions) (1)	$	84.4		$	85.1		$	90.5		$	85.7		$	88.1		3	%	4	%
Average Yield (2)	9.60		%	9.69		%	9.62		%	9.79		%	9.94		%	2	%	4	%
Total Net Interest Revenue (3)	1,761			1,821			1,845			1,800			1,788			(1	)%	2	%
As a % of Avg. Loans (3)	8.60		%	8.58		%	8.47		%	8.40		%	8.28		%
Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts	86.5			86.0			86.4			85.4			85.1			—		(2	)%
Purchase Sales (in billions)	$	20.6		$	20.0		$	23.6		$	17.4		$	21.6		24	%	5	%
Average Loans (in billions) (1)	$	44.5		$	45.6		$	46.9		$	47.1		$	46.6		(1	)%	5	%
EOP Loans (in billions) (1)	$	45.2		$	45.9		$	49.2		$	46.0		$	48.6		6	%	8	%
Average Yield (2)	17.38		%	17.51		%	17.06		%	17.68		%	17.82		%
Total Net Interest Revenue (3)	$	1,897		$	1,986		$	1,954		$	1,973		$	1,970		—		4	%
As a % of Avg. Loans (3)	17.10		%	17.28		%	16.53		%	16.99		%	16.96		%
Net Credit Losses	$	531		$	540		$	564		$	602		$	589		(2	)%	11	%
As a % of Average Loans	4.79		%	4.70		%	4.77		%	5.18		%	5.07		%
Net Credit Margin (4)	$	1,037		$	1,108		$	1,038		$	1,012		$	1,002		(1	)%	(3	)%
As a % of Avg. Loans (4)	9.35		%	9.64		%	8.78		%	8.71		%	8.62		%
Loans 90+ Days Past Due	$	693		$	772		$	845		$	797		$	781		(2	)%	13	%
As a % of EOP Loans	1.53		%	1.68		%	1.72		%	1.73		%	1.61		%
Loans 30-89 Days Past Due	$	730		$	836		$	830		$	791		$	761		(4	)%	4	%
As a % of EOP Loans	1.62		%	1.82		%	1.69		%	1.72		%	1.57		%

(1)Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(2)Average yield is calculated as gross interest revenue earned on loans divided by average loans.

(3)Net interest revenue includes certain fees that are recorded as interest revenue.

(4)Net credit margin represents total revenues, net of interest expense, less net credit losses and policy benefits and claims.

(5)As previously announced, the Hilton Honors co-brand credit card partnership with Citi was scheduled to terminate as of year-end 2017. On October 23, 2017, Citi signed an agreement to sell the Hilton credit card portfolio ($1.2 billion in outstanding loan balances in Citi-branded cards) to American Express. In connection with the sale agreement, the existing partnership was extended through the closing date. The sale closed in the first quarter of 2018 with a pretax gain of approximately $150 million, which approximates one year of revenues from the portfolio; as these loans are intended for sale, they were reclassified as held-for-sale and recorded in Other assets as of November 1, 2017.

Reclassified to conform to the current period’s presentation.

10

GLOBAL CONSUMER BANKING LATIN AMERICA (1) - PAGE 1 (In millions of dollars, except as otherwise noted)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Net Interest Revenue	$	967		$	1,038		$	991		$	997		$	1,013		2	%	5	%	$	1,815		$	2,010		11	%
Non-Interest Revenue	341			350			368			350			368			5	%	8	%	660			718			9	%
Total Revenues, Net of Interest Expense	1,308			1,388			1,359			1,347			1,381			3	%	6	%	2,475			2,728			10	%
Total Operating Expenses	745			779			768			759			782			3	%	5	%	1,412			1,541			9	%
Net Credit Losses	277			295			292			278			278			—		—		530			556			5	%
Credit Reserve Build / (Release)	50			44			19			42			33			(21	)%	(34	)%	62			75			21	%
Provision for Unfunded Lending Commitments	(1		)	(1		)	1			1			—			(100	)%	100	%	(1		)	1			NM
Provision for Benefits and Claims	15			19			26			20			17			(15	)%	13	%	38			37			(3	)%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	341			357			338			341			328			(4	)%	(4	)%	629			669			6	%
Income from Continuing Operations before Taxes	222			252			253			247			271			10	%	22	%	434			518			19	%
Income Taxes	81			83			88			64			71			11	%	(12	)%	158			135			(15	)%
Income from Continuing Operations	141			169			165			183			200			9	%	42	%	276			383			39	%
Noncontrolling Interests	2			1			1			—			—			—		(100	)%	3			—			(100	)%
Net Income	$	139		$	168		$	164		$	183		$	200		9	%	44	%	$	273		$	383		40	%
Average Assets (in billions of dollars)	$	45		$	47		$	44		$	44		$	43		(2	)%	(4	)%	$	44		$	44		—
Return on Average Assets	1.24		%	1.42		%	1.48		%	1.69		%	1.87		%					1.25		%	1.76		%
Efficiency Ratio	57		%	56		%	57		%	56		%	57		%					57		%	56		%
Net Credit Losses as a % of Average Loans	4.36		%	4.37		%	4.51		%	4.29		%	4.37		%					4.38		%	4.33		%
Revenue by Business
Retail Banking	$	939		$	992		$	971		$	966		$	999		3	%	6	%	$	1,789		$	1,965		10	%
Citi-Branded Cards	369			396			388			381			382			—		4	%	686			763			11	%
Total	$	1,308		$	1,388		$	1,359		$	1,347		$	1,381		3	%	6	%	$	2,475		$	2,728		10	%
Net Credit Losses by Business
Retail Banking	$	151		$	143		$	153		$	132		$	138		5	%	(9	)%	$	288		$	270		(6	)%
Citi-Branded Cards	126			152			139			146			140			(4	)%	11	%	242			286			18	%
Total	$	277		$	295		$	292		$	278		$	278		—		—		$	530		$	556		5	%
Income from Continuing Operations by Business
Retail Banking	$	91		$	129		$	116		$	138		$	155		12	%	70	%	$	181		$	293		62	%
Citi-Branded Cards	50			40			49			45			45			—		(10	)%	95			90			(5	)%
Total	$	141		$	169		$	165		$	183		$	200		9	%	42	%	$	276		$	383		39	%
FX Translation Impact:
Total Revenue - as Reported	$	1,308		$	1,388		$	1,359		$	1,347		$	1,381		3	%	6	%	$	2,475		$	2,728		10	%
Impact of FX Translation (2)	(60		)	(108		)	(23		)	(58		)	—							18			—
Total Revenues - Ex-FX (2)	$	1,248		$	1,280		$	1,336		$	1,289		$	1,381		7	%	11	%	$	2,493		$	2,728		9	%
Total Operating Expenses - as Reported	$	745		$	779		$	768		$	759		$	782		3	%	5	%	$	1,412		$	1,541		9	%
Impact of FX Translation (2)	(29		)	(51		)	(12		)	(29		)	—							10			—
Total Operating Expenses - Ex-FX (2)	$	716		$	728		$	756		$	730		$	782		7	%	9	%	$	1,422		$	1,541		8	%
Provisions for LLR & PBC - as Reported	$	341		$	357		$	338		$	341		$	328		(4	)%	(4	)%	$	629		$	669		6	%
Impact of FX Translation (2)	(16		)	(28		)	(6		)	(16		)	—							6			—
Provisions for LLR & PBC - Ex-FX (2)	$	325		$	329		$	332		$	325		$	328		1	%	1	%	$	635		$	669		5	%
Net Income - as Reported	$	139		$	168		$	164		$	183		$	200		9	%	44	%	$	273		$	383		40	%
Impact of FX Translation (2)	(10		)	(18		)	(4		)	(10		)	—							2			—
Net Income - Ex-FX (2)	$	129		$	150		$	160		$	173		$	200		16	%	55	%	$	275		$	383		39	%

(1)Latin America GCB consists of Citi’s consumer banking operations in Mexico.

(2)Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the second quarter of 2018 and year-to-date 2018 average exchange rates for all periods presented. Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

11

GLOBAL CONSUMER BANKING LATIN AMERICA - PAGE 2

																2Q18 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2017			2017			2017			2018			2018			1Q18		2Q17
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	1,496			1,497			1,479			1,462			1,462			—		(2	)%
Accounts (in millions)	28.0			27.6			27.7			28.2			28.9			2	%	3	%
Average Deposits	$	27.8		$	28.8		$	27.8		$	28.9		$	28.3		(2	)%	2	%
Investment Sales	$	5.7		$	6.8		$	6.0		$	6.2		$	6.6		6	%	16	%
Investment AUMs	$	34.1		$	34.8		$	32.1		$	34.0		$	33.1		(3	)%	(3	)%
Average Loans	$	20.2		$	21.2		$	20.3		$	20.7		$	20.1		(3	)%	—
EOP Loans:
Mortgages	$	4.6		$	4.6		$	4.1		$	4.5		$	4.1		(9	)%	(11	)%
Commercial Banking	9.9			10.3			10.0			10.5			10.2			(3	)%	3	%
Personal and Other	6.5			6.1			5.8			6.2			5.8			(6	)%	(11	)%
Total EOP Loans	$	21.0		$	21.0		$	19.9		$	21.2		$	20.1		(5	)%	(4	)%
Total Net Interest Revenue (in millions) (1)	$	669		$	703		$	672		$	680		$	687		1	%	3	%
As a % of Average Loans (1)	13.28		%	13.16		%	13.13		%	13.32		%	13.71		%
Net Credit Losses (in millions)	$	151		$	143		$	153		$	132		$	138		5	%	(9	)%
As a % of Average Loans	3.00		%	2.68		%	2.99		%	2.59		%	2.75		%
Loans 90+ Days Past Due (in millions)	$	150		$	151		$	130		$	128		$	132		3	%	(12	)%
As a % of EOP Loans	0.71		%	0.72		%	0.65		%	0.60		%	0.66		%
Loans 30-89 Days Past Due (in millions)	$	216		$	244		$	195		$	248		$	183		(26	)%	(15	)%
As a % of EOP Loans	1.03		%	1.16		%	0.98		%	1.17		%	0.91		%
Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	5.7			5.7			5.6			5.7			5.7			—		—
Purchase Sales (in billions)	$	4.1		$	4.2		$	4.5		$	4.2		$	4.3		2	%	5	%
Average Loans (in billions) (2)	$	5.3		$	5.6		$	5.4		$	5.6		$	5.4		(4	)%	2	%
EOP Loans (in billions) (2)	$	5.5		$	5.6		$	5.4		$	5.7		$	5.4		(5	)%	(2	)%
Average Yield (3)	23.81		%	24.01		%	24.18		%	24.12		%	24.49		%	2	%	3	%
Total Net Interest Revenue (in millions) (4)	$	298		$	335		$	319		$	317		$	326		3	%	9	%
As a % of Average Loans (4)	22.55		%	23.73		%	23.44		%	22.96		%	24.21		%
Net Credit Losses (in millions)	$	126		$	152		$	139		$	146		$	140		(4	)%	11	%
As a % of Average Loans	9.54		%	10.77		%	10.21		%	10.57		%	10.40		%
Net Credit Margin (in millions) (5)	$	245		$	249		$	253		$	240		$	247		3	%	1	%
As a % of Average Loans (5)	18.54		%	17.64		%	18.59		%	17.38		%	18.35		%
Loans 90+ Days Past Due (in millions)	$	161		$	159		$	151		$	160		$	160		—		(1	)%
As a % of EOP Loans	2.93		%	2.84		%	2.80		%	2.81		%	2.96		%
Loans 30-89 Days Past Due (in millions)	$	151		$	163		$	153		$	160		$	156		(3	)%	3	%
As a % of EOP Loans	2.75		%	2.91		%	2.83		%	2.81		%	2.89		%

(1)Also includes net interest revenue related to the region’s average deposit balances in excess of the average loan portfolio.

(2)Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(3)Average yield is gross interest revenue earned on loans divided by average loans.

(4)Net interest revenue includes certain fees that are recorded as interest revenue.

(5)Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

12

GLOBAL CONSUMER BANKING ASIA (1) - PAGE 1 (In millions of dollars, except as otherwise noted)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Net Interest Revenue	$	1,161		$	1,208		$	1,219		$	1,233		$	1,226		(1	)%	6	%	$	2,275		$	2,459		8	%
Non-Interest Revenue	658			677			689			696			639			(8	)%	(3	)%	1,278			1,335			4	%
Total Revenues, Net of Interest Expense	1,819			1,885			1,908			1,929			1,865			(3	)%	3	%	3,553			3,794			7	%
Total Operating Expenses	1,194			1,191			1,227			1,277			1,207			(5	)%	1	%	2,381			2,484			4	%
Net Credit Losses	157			170			162			162			170			5	%	8	%	317			332			5	%
Credit Reserve Build / (Release)	(26		)	(21		)	5			(21		)	6			NM		NM		(13		)	(15		)	(15	)%
Provision for Unfunded Lending Commitments	(2		)	(1		)	(1		)	2			1			(50	)%	NM		(3		)	3			NM
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)	129			148			166			143			177			24	%	37	%	301			320			6	%
Income from Continuing Operations before Taxes	496			546			515			509			481			(6	)%	(3	)%	871			990			14	%
Income Taxes	166			187			175			136			121			(11	)%	(27	)%	292			257			(12	)%
Income from Continuing Operations	330			359			340			373			360			(3	)%	9	%	579			733			27	%
Noncontrolling Interests	2			1			2			2			1			(50	)%	(50	)%	2			3			50	%
Net Income	$	328		$	358		$	338		$	371		$	359		(3	)%	9	%	$	577		$	730		27	%
Average Assets (in billions)	$	125		$	124		$	125		$	131		$	130		(1	)%	4	%	$	124		$	131		6	%
Return on Average Assets	1.05		%	1.15		%	1.07		%	1.15		%	1.11		%					0.94		%	1.12		%
Efficiency Ratio	66		%	63		%	64		%	66		%	65		%					67		%	65		%
Net Credit Losses as a % of Average Loans	0.74		%	0.78		%	0.73		%	0.73		%	0.77		%					0.76		%	0.75		%
Revenue by Business
Retail Banking	$	1,096		$	1,163		$	1,138		$	1,198		$	1,142		(5	)%	4	%	$	2,164		$	2,340		8	%
Citi-Branded Cards	723			722			770			731			723			(1	)%	—		1,389			1,454			5	%
Total	$	1,819		$	1,885		$	1,908		$	1,929		$	1,865		(3	)%	3	%	$	3,553		$	3,794		7	%
Net Credit Losses by Business
Retail Banking	$	54		$	69		$	60		$	57		$	58		2	%	7	%	$	116		$	115		(1	)%
Citi-Branded Cards	103			101			102			105			112			7	%	9	%	201			217			8	%
Total	$	157		$	170		$	162		$	162		$	170		5	%	8	%	$	317		$	332		5	%
Income from Continuing Operations by Business
Retail Banking	$	198		$	248		$	201		$	246		$	264		7	%	33	%	$	369		$	510		38	%
Citi-Branded Cards	132			111			139			127			96			(24	)%	(27	)%	210			223			6	%
Total	$	330		$	359		$	340		$	373		$	360		(3	)%	9	%	$	579		$	733		27	%
FX Translation Impact:
Total Revenue - as Reported	$	1,819		$	1,885		$	1,908		$	1,929		$	1,865		(3	)%	3	%	$	3,553		$	3,794		7	%
Impact of FX Translation (2)	9			(7		)	(17		)	(54		)	—							74			—
Total Revenues - Ex-FX (2)	$	1,828		$	1,878		$	1,891		$	1,875		$	1,865		(1	)%	2	%	$	3,627		$	3,794		5	%
Total Operating Expenses - as Reported	$	1,194		$	1,191		$	1,227		$	1,277		$	1,207		(5	)%	1	%	$	2,381		$	2,484		4	%
Impact of FX Translation (2)	9			—			(9		)	(29		)	—							60			—
Total Operating Expenses - Ex-FX (2)	$	1,203		$	1,191		$	1,218		$	1,248		$	1,207		(3	)%	—		$	2,441		$	2,484		2	%
Provisions for LLR & PBC - as Reported	$	129		$	148		$	166		$	143		$	177		24	%	37	%	$	301		$	320		6	%
Impact of FX Translation (2)	1			(2		)	(2		)	(5		)	—							7			—
Provisions for LLR & PBC - Ex-FX (2)	$	130		$	146		$	164		$	138		$	177		28	%	36	%	$	308		$	320		4	%
Net Income - as Reported	$	328		$	358		$	338		$	371		$	359		(3	)%	9	%	$	577		$	730		27	%
Impact of FX Translation (2)	1			(3		)	(4		)	(16		)	—							6			—
Net Income - Ex-FX (2)	$	329		$	355		$	334		$	355		$	359		1	%	9	%	$	583		$	730		25	%

(1)Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(2)Reflects the impact of foreign currency (FX) translation into U.S. Dollars at the second quarter of 2018 and year-to-date 2018 average exchange rates for all periods presented. Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

13

GLOBAL CONSUMER BANKING ASIA (1) - PAGE 2

																2Q18 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2017			2017			2017			2018			2018			1Q18		2Q17
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)	379			282			278			277			273			(1	)%	(28	)%
Accounts (in millions)	16.3			16.2			16.0			15.9			15.9			—		(2	)%
Average Deposits	$	94.3		$	95.2		$	96.0		$	99.1		$	97.6		(2	)%	3	%
Investment Sales	$	9.6		$	11.8		$	10.7		$	12.5		$	9.5		(24	)%	(1	)%
Investment AUMs	$	62.0		$	64.8		$	68.5		$	69.0		$	68.5		(1	)%	10	%
Average Loans	$	66.5		$	67.4		$	68.8		$	70.7		$	69.9		(1	)%	5	%
EOP Loans:
Mortgages	$	32.5		$	32.6		$	33.3		$	33.4		$	32.0		(4	)%	(2	)%
Commercial Banking	15.7			15.8			16.8			17.2			17.2			—		10	%
Personal and Other	18.6			19.1			19.9			20.2			20.1			—		8	%
Total EOP Loans	$	66.8		$	67.5		$	70.0		$	70.8		$	69.3		(2	)%	4	%
Total Net Interest Revenue (in millions) (2)	$	669		$	690		$	695		$	708		$	716		1	%	7	%
As a % of Average Loans (2)	4.04		%	4.06		%	4.01		%	4.06		%	4.11		%
Net Credit Losses (in millions)	$	54		$	69		$	60		$	57		$	58		2	%	7	%
As a % of Average Loans	0.33		%	0.41		%	0.35		%	0.33		%	0.33		%
Loans 90+ Days Past Due (in millions)	$	172		$	171		$	186		$	181		$	189		4	%	10	%
As a % of EOP Loans	0.26		%	0.25		%	0.27		%	0.26		%	0.27		%
Loans 30-89 Days Past Due (in millions)	$	340		$	291		$	321		$	355		$	319		(10	)%	(6	)%
As a % of EOP Loans	0.51		%	0.43		%	0.46		%	0.50		%	0.46		%
Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)	15.7			15.6			15.5			15.3			15.3			—		(3	)%
Purchase Sales (in billions)	$	20.1		$	20.3		$	21.9		$	21.5		$	21.3		(1	)%	6	%
Average Loans (in billions) (3)	$	18.4		$	18.8		$	19.1		$	19.6		$	18.9		(4	)%	3	%
EOP Loans (in billions) (3)	$	18.8		$	18.8		$	19.8		$	19.2		$	18.8		(2	)%	—
Average Yield (4)	12.84		%	12.71		%	12.67		%	12.65		%	12.55		%	(1	)%	(2	)%
Total Net Interest Revenue (in millions) (5)	$	492		$	518		$	524		$	525		$	510		(3	)%	4	%
As a % of Average Loans (6)	10.73		%	10.93		%	10.88		%	10.86		%	10.82		%
Net Credit Losses (in millions)	$	103		$	101		$	102		$	105		$	112		7	%	9	%
As a % of Average Loans	2.25		%	2.13		%	2.12		%	2.17		%	2.38		%
Net Credit Margin (in millions) (6)	$	620		$	621		$	668		$	626		$	611		(2	)%	(1	)%
As a % of Average Loans (6)	13.52		%	13.11		%	13.88		%	12.95		%	12.97		%
Loans 90+ Days Past Due	$	193		$	191		$	199		$	198		$	192		(3	)%	(1	)%
As a % of EOP Loans	1.03		%	1.02		%	1.01		%	1.03		%	1.02		%
Loans 30-89 Days Past Due	$	251		$	254		$	259		$	260		$	260		—		4	%
As a % of EOP Loans	1.34		%	1.35		%	1.31		%	1.35		%	1.38		%

(1)   Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(2)   Also includes net interest revenue related to the region’s average deposit balances in excess of the average loan portfolio.

(3)   Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(4)   Average yield is gross interest revenue earned on loans divided by average loans.

(5)   Net interest revenue includes certain fees that are recorded as interest revenue.

(6)   Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period’s presentation.

14

INSTITUTIONAL CLIENTS GROUP (In millions of dollars, except as otherwise noted)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017(1)			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Commissions and Fees	$	1,106		$	1,100		$	1,088		$	1,213		$	1,127		(7	)%	2	%	$	2,130		$	2,340		10	%
Administration and Other Fiduciary Fees	674			688			671			694			713			3	%	6	%	1,309			1,407			7	%
Investment Banking	1,243			1,163			1,145			985			1,246			26	%	—		2,353			2,231			(5	)%
Principal Transactions	2,151			1,827			1,303			2,884			2,358			(18	)%	10	%	4,882			5,242			7	%
Other(2)	246			704			228			418			154			(63	)%	(37	)%	247			572			NM
Total Non-Interest Revenue	5,420			5,482			4,435			6,194			5,598			(10	)%	3	%	10,921			11,792			8	%
Net Interest Revenue (including Dividends)	4,001			3,948			3,869			3,654			4,093			12	%	2	%	7,819			7,747			(1	)%
Total Revenues, Net of Interest Expense	9,421			9,430			8,304			9,848			9,691			(2	)%	3	%	18,740			19,539			4	%
Total Operating Expenses	5,227			5,138			4,912			5,503			5,458			(1	)%	4	%	10,365			10,961			6	%
Net Credit Losses	71			44			225			105			(1		)	NM		NM		96			104			8	%
Credit Reserve Build / (Release)	(15		)	(38		)	8			(175		)	32			NM		NM		(191		)	(143		)	25	%
Provision for Unfunded Lending Commitments	31			(170		)	34			29			(6		)	NM		NM		(23		)	23			NM
Provision for Benefits and Claims	—			—			—			—			—			—		—		—			—			—
Provisions for Credit Losses and for Benefits and Claims	87			(164		)	267			(41		)	25			NM		(71	)%	(118		)	(16		)	86	%
Income from Continuing Operations before Taxes	4,107			4,456			3,125			4,386			4,208			(4	)%	2	%	8,493			8,594			1	%
Income Taxes (3)	1,327			1,394			2,912			1,057			971			(8	)%	(27	)%	2,702			2,028			(25	)%
Income from Continuing Operations	2,780			3,062			213			3,329			3,237			(3	)%	16	%	5,791			6,566			13	%
Noncontrolling Interests	18			14			10			15			12			(20	)%	(33	)%	33			27			(18	)%
Net Income	$	2,762		$	3,048		$	203		$	3,314		$	3,225		(3	)%	17	%	$	5,758		$	6,539		14	%
EOP Assets (in billions)	$	1,353		$	1,370		$	1,336		$	1,407		$	1,397		(1	)%	3	%
Average Assets (in billions)	$	1,360		$	1,369		$	1,385		$	1,388		$	1,406		1	%	3	%	$	1,339		$	1,397		4	%
Return on Average Assets (ROA)	0.81		%	0.88		%	0.06		%	0.97		%	0.92		%					0.87		%	0.94		%
Efficiency Ratio	55		%	54		%	59		%	56		%	56		%					55		%	56		%
Revenue by Region
North America	$	3,646		$	3,709		$	3,046		$	3,265		$	3,511		8	%	(4	)%	$	7,168		$	6,776		(5	)%
EMEA	2,881			2,703			2,441			3,167			3,043			(4	)%	6	%	5,735			6,210			8	%
Latin America	1,086			1,099			1,031			1,210			1,162			(4	)%	7	%	2,255			2,372			5	%
Asia	1,808			1,919			1,786			2,206			1,975			(10	)%	9	%	3,582			4,181			17	%
Total Revenues, net of Interest Expense	$	9,421		$	9,430		$	8,304		$	9,848		$	9,691		(2	)%	3	%	$	18,740		$	19,539		4	%
Income (loss) from Continuing Operations by Region
North America	$	1,088		$	1,298		$	(1,108	)	$	857		$	1,028		20	%	(6	)%	$	2,165		$	1,885		(13	)%
EMEA	786			753			431			1,113			987			(11	)%	26	%	1,648			2,100			27	%
Latin America	341			388			333			491			514			5	%	51	%	823			1,005			22	%
Asia	565			623			557			868			708			(18	)%	25	%	1,155			1,576			36	%
Income from Continuing Operations	$	2,780		$	3,062		$	213		$	3,329		$	3,237		(3	)%	16	%	$	5,791		$	6,566		13	%
Average Loans by Region (in billions)
North America	$	150		$	152		$	157		$	160		$	165		3	%	10	%	$	148		$	162		9	%
EMEA	67			71			73			78			80			3	%	19	%	66			79			20	%
Latin America	35			34			33			34			33			(3	)%	(6	)%	35			34			(3	)%
Asia	61			64			65			67			68			1	%	11	%	59			68			15	%
Total	$	313		$	321		$	328		$	339		$	346		2	%	11	%	$	308		$	343		11	%
EOP Deposits by Region (in billions)
North America	$	280		$	290		$	296		$	295		$	308		5	%	10	%
EMEA	170			172			174			189			187			(1	)%	10	%
Latin America	27			26			25			26			26			(1	)%	(4	)%
Asia	147			152			145			156			155			(1	)%	5	%
Total	$	624		$	640		$	640		$	666		$	676		1	%	8	%
EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	421		$	428		$	432		$	449		$	459		2	%	9	%
All Other ICG Businesses	203			212			208			217			217			—		7	%
Total	$	624		$	640		$	640		$	666		$	676		1	%	8	%

(1)See footnote 1 on page 1.

(2)Third quarter of 2017 includes the $580 million gain on the sale of a fixed income analytics business.

(3)Income taxes in the fourth quarter of 2017 include $2.0 billion related to Tax Reform.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

15

INSTITUTIONAL CLIENTS GROUP REVENUES BY BUSINESS (In millions of dollars, except as otherwise noted)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Revenue Details:
Investment Banking:
Advisory	$	318		$	240		$	316		$	215		$	361		68	%	14	%	$	567		$	576		2	%
Equity Underwriting	309			311			251			216			335			55	%	8	%	559			551			(1	)%
Debt Underwriting	908			729			726			699			726			4	%	(20	)%	1,671			1,425			(15	)%
Total Investment Banking	1,535			1,280			1,293			1,130			1,422			26	%	(7	)%	2,797			2,552			(9	)%
Treasury and Trade Solutions	2,106			2,185			2,236			2,268			2,336			3	%	11	%	4,214			4,604			9	%
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges	481			506			513			521			589			13	%	22	%	919			1,110			21	%
Private Bank	793			790			776			904			848			(6	)%	7	%	1,542			1,752			14	%
Total Banking Revenues (Ex-Gain/(Loss) on Loan Hedges) (1)	$	4,915		$	4,761		$	4,818		$	4,823		$	5,195		8	%	6	%	$	9,472		$	10,018		6	%
Corporate Lending — Gain/(Loss) on Loan Hedges (1)	9			(48		)	21			23			23			—		NM		(106		)	46			NM
Total Banking Revenues including G(L) on Loan Hedges (1)	$	4,924		$	4,713		$	4,839		$	4,846		$	5,218		8	%	6	%	$	9,366		$	10,064		7	%
Fixed Income Markets	$	3,274		$	2,936		$	2,463		$	3,418		$	3,076		(10	)%	(6	)%	$	6,952		$	6,494		(7	)%
Equity Markets	725			785			567			1,103			864			(22	)%	19	%	1,527			1,967			29	%
Securities Services	594			608			612			641			665			4	%	12	%	1,146			1,306			14	%
Other (2)	(96		)	388			(177		)	(160		)	(132		)	18	%	(38	)%	(251		)	(292		)	(16	)%
Total Markets and Securities Services	$	4,497		$	4,717		$	3,465		$	5,002		$	4,473		(11	)%	(1	)%	$	9,374		$	9,475		1	%
Total Revenues, net of Interest Expense	$	9,421		$	9,430		$	8,304		$	9,848		$	9,691		(2	)%	3	%	$	18,740		$	19,539		4	%
Taxable-equivalent adjustments (3)	$	177		$	176		$	174		$	96		$	96		—		(46	)%	$	366		$	192		(48	)%
Total ICG Revenues including taxable-equivalent adjustments (3)	$	9,598		$	9,606		$	8,478		$	9,944		$	9,787		(2	)%	2	%	$	19,106		$	19,731		3	%
Commissions and Fees	$	158		$	171		$	170		$	176		$	182		3	%	15	%	$	300		$	358		19	%
Principal Transactions (4)	1,935			1,592			1,108			2,184			2,108			(3	)%	9	%	4,295			4,292			—
Other	183			130			132			276			28			(90	)%	(85	)%	334			304			(9	)%
Total Non-Interest Revenue	$	2,276		$	1,893		$	1,410		$	2,636		$	2,318		(12	)%	2	%	$	4,929		$	4,954		1	%
Net Interest Revenue	998			1,043			1,053			782			758			(3	)%	(24	)%	2,023			1,540			(24	)%
Total Fixed Income Markets	$	3,274		$	2,936		$	2,463		$	3,418		$	3,076		(10	)%	(6	)%	$	6,952		$	6,494		(7	)%
Rates and Currencies	$	2,254		$	2,189		$	1,912		$	2,470		$	2,235		(10	)%	(1	)%	$	4,784		$	4,705		(2	)%
Spread Products / Other Fixed Income	1,020			747			551			948			841			(11	)%	(18	)%	2,168			1,789			(17	)%
Total Fixed Income Markets	$	3,274		$	2,936		$	2,463		$	3,418		$	3,076		(10	)%	(6	)%	$	6,952		$	6,494		(7	)%
Commissions and Fees	$	323		$	309		$	313		$	361		$	308		(15	)%	(5	)%	$	649		$	669		3	%
Principal Transactions (4)	(1		)	211			79			537			101			(81	)%	NM		188			638			NM
Other	(6		)	(5		)	9			80			20			(75	)%	NM		3			100			NM
Total Non-Interest Revenue	$	316		$	515		$	401		$	978		$	429		(56	)%	36	%	$	840		$	1,407		68	%
Net Interest Revenue	409			270			166			125			435			NM		6	%	687			560			(18	)%
Total Equity Markets	$	725		$	785		$	567		$	1,103		$	864		(22	)%	19	%	$	1,527		$	1,967		29	%

(1)Credit derivatives are used to economically hedge a portion of the corporate loan portfolio that includes both accrual loans and loans at fair value. Gain/(loss) on loan hedges includes the mark-to-market on the credit derivatives partially offset by the mark-to-market on the loans in the portfolio that are at fair value. Hedges on accrual loans reflect the mark-to-market on credit derivatives used to economically hedge the corporate loan accrual portfolio. The fixed premium costs of these hedges are netted against the corporate lending revenues to reflect the cost of credit protection. Citigroup’s results of operations excluding the impact of gain/(loss) on loan hedges are non-GAAP financial measures.

(2)Third quarter of 2017 includes the $580 million gain on the sale of a fixed income analytics business.

(3)Primarily relates to income tax credits related to affordable housing and alternative energy investments as well as tax exempt income from municipal bond investments.

(4)Excludes principal transactions revenues of ICG businesses other than Markets, primarily treasury and trade solutions and the private bank.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

16

CORPORATE / OTHER (1) (In millions of dollars, except as otherwise noted)

																2Q18 Increase/				Six			Six
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months
	2017			2017			2017(2)			2018			2018			1Q18		2Q17		2017			2018
Net Interest Revenue	$	497		$	516		$	429		$	538		$	553		3	%	11	%	$	1,055		$	1,091
Non-interest revenue	164			3			322			53			(25		)	NM		NM		807			28
Total Revenues, Net of Interest Expense	661			519			751			591			528			(11	)%	(20	)%	1,862			1,119
Total Operating Expenses	996			827			857			741			599			(19	)%	(40	)%	2,130			1,340
Net Credit Losses	24			29			15			26			(21		)	NM		NM		105			5
Credit Reserve Build / (Release)	(154		)	(79		)	(49		)	(33		)	(95		)	NM		38	%	(189		)	(128		)
Provision for Benefits and Claims	—			—			(8		)	—			(1		)	NM		NM		1			(1		)
Provision for Unfunded Lending Commitments	(2		)	—			(3		)	—			(1		)	NM		50	%	3			(1		)
Total provisions for credit losses and for benefits and claims	(132		)	(50		)	(45		)	(7		)	(118		)	NM		11	%	(80		)	(125		)
Income from Continuing Operations before Taxes	(203		)	(258		)	(61		)	(143		)	47			NM		NM		(188		)	(96		)
Income Taxes (Benefits) (3)	(178		)	(163		)	19,499			(69		)	62			NM		NM		(272		)	(7		)
Income (Loss) from Continuing Operations	(25		)	(95		)	(19,560		)	(74		)	(15		)	80	%	40	%	84			(89		)
Income (Loss) from Discontinued Operations, net of taxes	21			(5		)	(109		)	(7		)	15			NM		(29	)%	3			8
Noncontrolling Interests	10			(17		)	7			5			13			NM		30	%	4			18
Net Income (Loss)	$	(14	)	$	(83	)	$	(19,676	)	$	(86	)	$	(13	)	85	%	7	%	$	83		$	(99	)
EOP Assets (in billions of dollars)	$	93		$	100		$	78		$	92		$	93		1	%	—
Average Assets (in billions of dollars)	$	95		$	102		$	102		$	93		$	94		1	%	(1	)%	$	99		$	94
Return on Average Assets	(0.06		)%	(0.32		)%	(76.53		)%	(0.38		)%	(0.06		)%					0.17		%	(0.21		)%
Efficiency Ratio	151		%	159		%	114		%	125		%	113		%					114		%	120		%
Corporate/Other Consumer Key Indicators:
Consumer - International
Branches (actual)	49			49			49			48			2			(96	)%	(96	)%
Average Loans (in billions)	$	1.9		$	1.9		$	1.7		$	1.7		$	1.1		(35	)%	(42	)%	$	2.0		$	1.4
EOP Loans (in billions)	$	1.8		$	1.7		$	1.6		$	1.7		$	—		(100	)%	(100	)%
Net Interest Revenue	$	80		$	63		$	74		$	88		$	64		(27	)%	(20	)%
As a % of Average Loans	16.89		%	13.16		%	17.27		%	20.99		%	23.34		%
Net Credit Losses	$	24		$	25		$	7		$	23		$	19		(17	)%	(21	)%	$	50		$	42
As a % of Average Loans	5.07		%	5.22		%	1.63		%	5.49		%	6.93		%					2.50		%	3.00		%
Loans 90+ Days Past Due	$	63		$	57		$	43		$	32		$	—		(100	)%	(100	)%
As a % of EOP Loans	3.50		%	3.35		%	2.69		%	1.88		%
Loans 30-89 Days Past Due	$	44		$	47		$	40		$	44		$	—		(100	)%	(100	)%
As a % of EOP Loans	2.44		%	2.76		%	2.50		%	2.59		%
Consumer - North America
Branches (actual)	—			—			—			—			—			—		—
Average Loans (in billions of dollars)	$	25.9		$	23.9		$	21.9		$	20.6		$	18.4		(11	)%	(29	)%	$	27.8		$	19.5
EOP Loans (in billions of dollars)	$	24.9		$	23.0		$	21.2		$	19.3		$	17.6		(9	)%	(29	)%
Net Interest Revenue	$	110		$	168		$	174		$	169		$	148		(12	)%	35	%
As a % of Average Loans	1.70		%	2.79		%	3.15		%	3.33		%	3.23		%
Net Credit Losses	$	(6	)	$	27		$	10		$	12		$	(39	)	NM		NM		$	37		$	(27	)
As a % of Average Loans	(0.09		)%	0.45		%	0.18		%	0.24		%	(0.85		)%					0.13		%	-0.14		%
Loans 90+ Days Past Due (3)	$	538		$	548		$	514		$	446		$	415		(7	)%	(23	)%
As a % of EOP Loans	2.28		%	2.51		%	2.56		%	2.42		%	2.49		%
Loans 30-89 Days Past Due (3)	$	510		$	596		$	502		$	349		$	355		2	%	(30	)%
As a % of EOP Loans	2.16		%	2.73		%	2.50		%	1.90		%	2.13		%

(1)Includes certain costs of global staff functions, other corporate expenses and certain global operations and technology expenses, Corporate Treasury, certain North America and International consumer loan portfolios, Discontinued operations and other legacy assets.

(2)See footnote 1 on page 1.

(3)Income taxes in the fourth quarter of 2017 include $19.8 billion related to Tax Reform.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

17

CORPORATE / OTHER CONSUMER KEY INDICATORS - Continued (In millions of dollars, except as otherwise noted)

																2Q18 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2017			2017			2017			2018			2018			1Q18		2Q17
North America Mortgages
Residential First	$	11.4		$	10.2		$	9.4		$	9.0		$	7.9		(12	)%	(31	)%
Home Equity	12.9			11.9			11.1			10.3			9.3			(10	)%	(28	)%
Average Loans (in billions of dollars)	$	24.3		$	22.1		$	20.5		$	19.3		$	17.2		(11	)%	(29	)%
Residential First	$	11.0		$	10.1		$	9.3		$	8.1		$	7.6		(6	)%	(31	)%
Home Equity	12.4			11.5			10.6			9.9			8.8			(11	)%	(29	)%
EOP Loans (in billions of dollars)	$	23.4		$	21.6		$	19.9		$	18.0		$	16.4		(9	)%	(30	)%
Third Party Mortgage Serv. Portfolio (EOP, in billions)	$	14.9		$	12.6		$	12.1		$	11.6		$	11.0		(5	)%	(26	)%
Net Servicing & Gain/(Loss) on Sale	$	29.5		$	20.8		$	23.5		$	8.5		$	18.1		NM		(39	)%
Net Interest Revenue	$	60		$	77		$	78		$	88		$	80		(9	)%	33	%
As a % of Avg. Loans	0.99		%	1.38		%	1.51		%	1.85		%	1.87		%
Residential First	$	(26	)	$	1		$	(1	)	$	3		$	2		(33	)%	NM
Home Equity	14			23			8			7			(42		)	NM		NM
Net Credit Losses (NCLs)	$	(12	)	$	24		$	7		$	10		$	(40	)	NM		NM
As a % of Avg. Loans	(0.20		)%	0.43		%	0.14		%	0.21		%	(0.93		)%
Residential First	$	175		$	194		$	173		$	142		$	141		(1	)%	(19	)%
Home Equity	356			346			334			298			269			(10	)%	(24	)%
Loans 90+ Days Past Due (1)	$	531		$	540		$	507		$	440		$	410		(7	)%	(23	)%
As a % of EOP Loans	2.40		%	2.65		%	2.70		%	2.57		%	2.65		%
Residential First	$	290		$	365		$	284		$	184		$	197		7	%	(32	)%
Home Equity	197			209			195			148			141			(5	)%	(28	)%
Loans 30-89 Days Past Due (1)	$	487		$	574		$	479		$	332		$	338		2	%	(31	)%
As a % of EOP Loans	2.20		%	2.81		%	2.55		%	1.94		%	2.18		%

(1)The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.

The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) for each period were $0.7 billion and ($1.3 billion), $0.7 billion and ($1.2 billion), $0.6 billion and ($1.1 billion), $0.5 billion and ($0.9 billion), and $0.4 billion and ($0.9 billion) as of June 30, 2017, September 30, 2017, December 31, 2017, March 31, 2018 and June 30, 2018, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $0.2 billion and ($1.3 billion), $0.1 billion and ($1.2 billion),$0.1 billion and ($1.1 billion), $0.1 billion and ($0.9 billion), and $0.1 billion and ($0.9 billion) as of June 30, 2017, September 30, 2017, December 31, 2017, March 31, 2018 and June 30, 2018, respectively.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

18

AVERAGE BALANCES AND INTEREST RATES (1)(2)(3)(4)(5) Taxable Equivalent Basis

	Average Volumes						Interest						% Average Rate (4)
	Second		First		Second		Second		First		Second		Second		First		Second
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2017		2018		2018		2017		2018		2018		2017		2018		2018
Assets:
Deposits with Banks	$	166,023	$	170,867	$	176,151	$	375	$	432	$	493	0.91	%	1.03	%	1.12	%
Fed Funds Sold and Resale Agreements (6)	249,263		254,277		271,371		829		1,039		1,336		1.33	%	1.66	%	1.97	%
Trading Account Assets (7)	203,661		216,161		210,631		1,523		1,381		1,773		3.00	%	2.59	%	3.38	%
Investments	349,245		352,245		347,787		2,113		2,271		2,408		2.43	%	2.61	%	2.78	%
Total Loans (net of Unearned Income) (8)	634,328		667,925		669,744		10,318		10,909		11,209		6.52	%	6.62	%	6.71	%
Other Interest-Earning Assets	60,107		66,761		69,341		258		364		394		1.72	%	2.21	%	2.28	%
Total Average Interest-Earning Assets	$	1,662,627	$	1,728,236	$	1,745,025	$	15,416	$	16,396	$	17,613	3.72	%	3.85	%	4.05	%
Liabilities:
Deposits (excluding deposit insurance and FDIC Assessment)	$	751,565	$	769,771	$	785,620	$	1,274	$	1,621	$	1,925	0.68	%	0.85	%	0.98	%
Deposit Insurance and FDIC Assessment	—		—		—		329		376		319
Total Deposits	751,565		769,771		785,620		1,603		1,997		2,244		0.86	%	1.05	%	1.15	%
Fed Funds Purchased and Repurchase Agreements (6)	160,977		164,465		171,073		676		949		1,224		1.68	%	2.34	%	2.87	%
Trading Account Liabilities (7)	91,018		91,721		97,151		146		215		236		0.64	%	0.95	%	0.97	%
Short-Term Borrowings	91,556		112,684		108,192		202		471		523		0.88	%	1.70	%	1.94	%
Long-Term Debt (9)	192,144		204,277		203,271		1,409		1,528		1,658		2.94	%	3.03	%	3.27	%
Total Average Interest-Bearing Liabilities	$	1,287,260	$	1,342,918	$	1,365,307	$	4,036	$	5,160	$	5,885	1.26	%	1.56	%	1.73	%
Total Average Interest-Bearing Liabilities (excluding deposit insurance and FDIC Assessment)	$	1,287,260	$	1,342,918	$	1,365,307	$	3,707	$	4,784	$	5,566	1.16	%	1.44	%	1.64	%
Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,380	$	11,236	$	11,728	2.75	%	2.64	%	2.70	%
NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	11,709	$	11,612	$	12,047	2.82	%	2.72	%	2.77	%
2Q18 Increase (Decrease) From													(5	)bps	6	bps
2Q18 Increase (Decrease) (excluding deposit insurance and FDIC Assessment) From													(5	)bps	5	bps

(1)Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rates of 21% in 2018 and 35% in 2017) of $122 million for the second quarter of 2017, $64 million for the first quarter of 2018 and $63 million for the second quarter of 2018.

(2)Citigroup average balances and interest rates include both domestic and international operations.

(3)Monthly averages have been used by certain subsidiaries where daily averages are unavailable.

(4)Average rate % is calculated as annualized interest over average volumes.

(5)Preliminary.

(6)Average volumes of securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase are reported net pursuant to FIN 41; the related interest excludes the impact of ASU 2013-01 (Topic 210).

(7)Interest expense on trading account liabilities of ICG is reported as a reduction of interest revenue.  Interest revenue and interest expense on cash collateral positions are reported in trading account assets and trading account liabilities, respectively.

(8)Nonperforming loans are included in the average loan balances.

(9)Excludes hybrid financial instruments with changes recorded in Principal Transactions.

Reclassified to conform to the current period’s presentation.

19

DEPOSITS (In billions of dollars)

															2Q18 Increase/
	2Q			3Q			4Q			1Q			2Q		(Decrease) from
	2017			2017			2017			2018			2018		1Q18		2Q17
Global Consumer Banking
North America	$	185.2		$	185.1		$	182.5		$	184.3		$	181.7	(1	)%	(2	)%
Latin America	28.7			28.3			27.1			29.6			28.4		(4	)%	(1	)%
Asia (1)	95.4			96.6			97.7			100.5			97.8		(3	)%	3	%
Total	$	309.3		$	310.0		$	307.3		$	314.4		$	307.9	(2	)%	—
ICG
North America	$	280.0		$	290.2		$	295.9		$	294.8		$	308.1	5	%	10	%
EMEA	169.8			171.7			173.7			188.8			187.1		(1	)%	10	%
Latin America	26.9			25.8			25.4			26.1			25.9		(1	)%	(4	)%
Asia	146.9			151.9			144.5			156.3			154.5		(1	)%	5	%
Total	$	623.6		$	639.6		$	639.5		$	666.0		$	675.6	1	%	8	%
Corporate/Other	$	25.8		$	14.4		$	13.0		$	20.8		$	13.2	(37	)%	(49	)%
Total Deposits - EOP	$	958.7		$	964.0		$	959.8		$	1,001.2		$	996.7	—		4	%
Total Deposits - Average	$	960.0		$	965.9		$	973.3		$	981.9		$	986.2	—		3	%
Foreign Currency (FX) Translation Impact:
Total EOP Deposits - as Reported	$	958.7		$	964.0		$	959.8		$	1,001.2		$	996.7	—		4	%
Impact of FX Translation (2)	(4.6		)	(8.4		)	(9.9		)	(17.7		)	—
Total EOP Deposits - Ex-FX (2)	$	954.1		$	955.6		$	949.9		$	983.5		$	996.7	1	%	4	%

(1)Asia GCB includes deposits of certain EMEA countries for all periods presented.

(2)Reflects the impact of FX translation into U.S. Dollars at the second quarter of 2018 exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period’s presentation.

20

EOP LOANS (In billions of dollars)

															2Q18 Increase/
	2Q			3Q			4Q			1Q			2Q		(Decrease) from
	2017			2017			2017			2018			2018		1Q18		2Q17
Global Consumer Banking
North America
Credit Cards	$	130.8		$	132.2		$	139.7		$	131.7		$	136.7	4	%	5	%
Retail Banking	55.6			55.7			56.0			55.4			55.7		1	%	—
Total	$	186.4		$	187.9		$	195.7		$	187.1		$	192.4	3	%	3	%
Latin America
Credit Cards	$	5.5		$	5.6		$	5.4		$	5.7		$	5.4	(5	)%	(2	)%
Retail Banking	21.0			21.0			19.9			21.2			20.1		(5	)%	(4	)%
Total	$	26.5		$	26.6		$	25.3		$	26.9		$	25.5	(5	)%	(4	)%
Asia (1)
Credit Cards	$	18.8		$	18.8		$	19.8		$	19.2		$	18.8	(2	)%	—
Retail Banking	66.8			67.5			70.0			70.8			69.3		(2	)%	4	%
Total	$	85.6		$	86.3		$	89.8		$	90.0		$	88.1	(2	)%	3	%
Total GCB Consumer Loans
Credit Cards	$	155.1		$	156.6		$	164.9		$	156.6		$	160.9	3	%	4	%
Retail Banking	143.4			144.2			145.9			147.4			145.1		(2	)%	1	%
Total GCB	$	298.5		$	300.8		$	310.8		$	304.0		$	306.0	1	%	3	%
Corporate/Other - Consumer:
North America
Mortgages	$	23.4		$	21.6		$	19.9		$	18.0		$	16.4	(9	)%	(30	)%
Other	1.5			1.4			1.3			1.3			1.2		(8	)%	(20	)%
Total	$	24.9		$	23.0		$	21.2		$	19.3		$	17.6	(9	)%	(29	)%
International	$	1.8		$	1.7		$	1.6		$	1.7		$	—	(100	)%	(100	)%
Corporate/Other - Other Consumer	0.1			0.1			0.1			0.1			—		—		—
Total Corporate/Other - Consumer	$	26.8		$	24.8		$	22.9		$	21.1		$	17.6	(17	)%	(34	)%
Total Consumer Loans	$	325.3		$	325.6		$	333.7		$	325.1		$	323.6	—		(1	)%
Corporate Loans - By Region
North America	$	151.8		$	155.7		$	159.2		$	163.0		$	165.4	1	%	9	%
EMEA	71.3			72.8			74.4			82.1			82.9		1	%	16	%
Latin America	34.1			33.7			33.5			33.8			32.3		(4	)%	(5	)%
Asia	62.2			65.4			66.3			69.0			66.9		(3	)%	8	%
Total Corporate Loans	$	319.4		$	327.6		$	333.4		$	347.9		$	347.5	—		9	%
Corporate Loans - By Product
Corporate Lending	$	121.3		$	123.0		$	126.4		$	134.6		$	130.5	(3	)%	8	%
Private Bank	81.1			84.4			87.4			90.1			92.3		2	%	14	%
Treasury and Trade Solutions	76.8			78.5			79.6			81.9			79.7		(3	)%	4	%
Markets and Securities Services	40.2			41.7			40.0			41.3			45.0		9	%	12	%
Total Corporate Loans	$	319.4		$	327.6		$	333.4		$	347.9		$	347.5	—		9	%
Total Loans	$	644.7		$	653.2		$	667.0		$	672.9		$	671.2	—		4	%
Foreign Currency (FX) Translation Impact:
Total EOP Loans - as Reported	$	644.7		$	653.2		$	667.0		$	672.9		$	671.2	—		4	%
Impact of FX Translation (2)	(4.1		)	(5.9		)	(6.3		)	(10.7		)	—
Total EOP Loans - Ex-FX (2)	$	640.6		$	647.3		$	660.7		$	662.2		$	671.2	1	%	5	%

(1)Asia GCB includes loans of certain EMEA countries for all periods presented.

(2)Reflects the impact of FX translation into U.S. Dollars at the second quarter of 2018 exchange rates for all periods presented.

Citigroup’s results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period’s presentation.

21

SUPPLEMENTAL DETAIL CONSUMER LOANS 90+ DAYS DELINQUENCY AMOUNTS AND RATIOS BUSINESS VIEW (In millions of dollars, except EOP loan amounts in billions of dollars)

	Loans 90+ Days Past Due (1)															EOP Loans
	2Q			3Q			4Q			1Q			2Q			2Q
	2017			2017			2017			2018			2018			2018
GCB (2)
Total	$	2,183		$	2,279		$	2,478		$	2,379		$	2,345		$	306.0
Ratio	0.73		%	0.76		%	0.80		%	0.78		%	0.77		%
Retail Bank (2)
Total	$	477		$	489		$	515		$	493		$	500		$	145.1
Ratio	0.33		%	0.34		%	0.35		%	0.34		%	0.35		%
North America (2)	$	155		$	167		$	199		$	184		$	179		$	55.7
Ratio	0.28		%	0.30		%	0.36		%	0.34		%	0.33		%
Latin America	$	150		$	151		$	130		$	128		$	132		$	20.1
Ratio	0.71		%	0.72		%	0.65		%	0.60		%	0.66		%
Asia (3)	$	172		$	171		$	186		$	181		$	189		$	69.3
Ratio	0.26		%	0.25		%	0.27		%	0.26		%	0.27		%
Cards
Total	$	1,706		$	1,790		$	1,963		$	1,886		$	1,845		$	160.9
Ratio	1.10		%	1.14		%	1.19		%	1.20		%	1.15		%
North America - Citi-Branded	$	659		$	668		$	768		$	731		$	712		$	88.1
Ratio	0.77		%	0.77		%	0.85		%	0.85		%	0.81		%
North America - Retail Services	$	693		$	772		$	845		$	797		$	781		$	48.6
Ratio	1.53		%	1.68		%	1.72		%	1.73		%	1.61		%
Latin America	$	161		$	159		$	151		$	160		$	160		$	5.4
Ratio	2.93		%	2.84		%	2.80		%	2.81		%	2.96		%
Asia (3)	$	193		$	191		$	199		$	198		$	192		$	18.8
Ratio	1.03		%	1.02		%	1.01		%	1.03		%	1.02		%
Corporate/Other - Consumer (2)	$	601		$	605		$	557		$	478		$	415		$	17.6
Ratio	2.37		%	2.57		%	2.57		%	2.38		%	2.49		%
International	$	63		$	57		$	43		$	32		$	—		$	—
Ratio	3.50		%	3.35		%	2.69		%	1.88		%
North America (2)	$	538		$	548		$	514		$	446		$	415		$	17.6
Ratio	2.28		%	2.51		%	2.56		%	2.42		%	2.49		%
Total Citigroup (2)	$	2,784		$	2,884		$	3,035		$	2,857		$	2,760		$	323.6
Ratio	0.86		%	0.89		%	0.91		%	0.88		%	0.86		%

(1)      The ratio of 90+ Days Past Due is calculated based on end-of-period loans, net of unearned income.

(2)      The 90+ Days Past Due and related ratios for North America Retail Banking and Corporate/Other North America exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 2 on page 9 and footnote 1 on page 18.

(3)      Asia includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.

Reclassified to conform to the current period’s presentation.

22

SUPPLEMENTAL DETAIL CONSUMER LOANS 30-89 DAYS DELINQUENCY AMOUNTS AND RATIOS BUSINESS VIEW (In millions of dollars, except EOP loan amounts in billions of dollars)

	Loans 30-89 Days Past Due (1)															EOP Loans
	2Q			3Q			4Q			1Q			2Q			2Q
	2017			2017			2017			2018			2018			2018
GCB (2)
Total	$	2,498		$	2,763		$	2,762		$	2,710		$	2,558		$	306.0
Ratio	0.84		%	0.92		%	0.89		%	0.89		%	0.84		%
Retail Bank (2)
Total	$	747		$	805		$	822		$	830		$	754		$	145.1
Ratio	0.52		%	0.56		%	0.57		%	0.57		%	0.52		%
North America (2)	$	191		$	270		$	306		$	227		$	252		$	55.7
Ratio	0.35		%	0.49		%	0.55		%	0.41		%	0.46		%
Latin America	$	216		$	244		$	195		$	248		$	183		$	20.1
Ratio	1.03		%	1.16		%	0.98		%	1.17		%	0.91		%
Asia (3)	$	340		$	291		$	321		$	355		$	319		$	69.3
Ratio	0.51		%	0.43		%	0.46		%	0.50		%	0.46		%
Cards
Total	$	1,751		$	1,958		$	1,940		$	1,880		$	1,804		$	160.9
Ratio	1.13		%	1.25		%	1.18		%	1.20		%	1.12		%
North America - Citi-Branded	$	619		$	705		$	698		$	669		$	627		$	88.1
Ratio	0.72		%	0.82		%	0.77		%	0.78		%	0.71		%
North America - Retail Services	$	730		$	836		$	830		$	791		$	761		$	48.6
Ratio	1.62		%	1.82		%	1.69		%	1.72		%	1.57		%
Latin America	$	151		$	163		$	153		$	160		$	156		$	5.4
Ratio	2.75		%	2.91		%	2.83		%	2.81		%	2.89		%
Asia (3)	$	251		$	254		$	259		$	260		$	260		$	18.8
Ratio	1.34		%	1.35		%	1.31		%	1.35		%	1.38		%
Corporate/Other - Consumer (2)	$	554		$	643		$	542		$	393		$	355		$	17.6
Ratio	2.18		%	2.74		%	2.50		%	1.96		%	2.13		%
International	$	44		$	47		$	40		$	44		$	—		$	—
Ratio	2.44		%	2.76		%	2.50		%	2.59		%
North America (2)	$	510		$	596		$	502		$	349		$	355		$	17.6
Ratio	2.16		%	2.73		%	2.50		%	1.90		%	2.13		%
Total Citigroup (2)	$	3,052		$	3,406		$	3,304		$	3,103		$	2,913		$	323.6
Ratio	0.94		%	1.05		%	1.00		%	0.96		%	0.90		%

(1)      The ratio of 30-89 Days Past Due is calculated based on end-of-period loans, net of unearned income.

(2)      The 30-89 Days Past Due and related ratios for North America Retail Banking and Corporate/Other North America exclude U.S. mortgage loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 2 on page 9 and footnote 1 on page 18.

(3)      Asia includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.

Reclassified to conform to the current period’s presentation.

23

ALLOWANCE FOR CREDIT LOSSES - PAGE 1

(In millions of dollars)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Total Citigroup
Allowance for Loan Losses at Beginning of Period (1)	$	12,030		$	12,025		$	12,366		$	12,355		$	12,354						$	12,060		$	12,355
Gross Credit (Losses)	(2,130		)	(2,120		)	(2,279		)	(2,296		)	(2,109		)	8	%	1	%	(4,274		)	(4,405		)	(3	)%
Gross Recoveries	420			343			399			429			405			(6	)%	(4	)%	855			834			(2	)%
Net Credit (Losses) / Recoveries (NCLs)	(1,710		)	(1,777		)	(1,880		)	(1,867		)	(1,704		)	9	%	—		(3,419		)	(3,571		)	(4	)%
NCLs	1,710			1,777			1,880			1,867			1,704			(9	)%	—		3,419			3,571			4	%
Net Reserve Builds / (Releases)	67			419			78			102			31			(70	)%	(54	)%	47			133			NM
Net Specific Reserve Builds / (Releases)	(111		)	(50		)	58			(166		)	60			NM		NM		(125		)	(106		)	15	%
Provision for Loan Losses	1,666			2,146			2,016			1,803			1,795			—		8	%	3,341			3,598			8	%
Other (2) (3) (4) (5) (6) (7)	39			(28		)	(147		)	63			(319		)	NM		NM		43			(256		)
Allowance for Loan Losses at End of Period (1) (a)	$	12,025		$	12,366		$	12,355		$	12,354		$	12,126						$	12,025		$	12,126
Allowance for Unfunded Lending Commitments (8) (a)	$	1,406		$	1,232		$	1,258		$	1,290		$	1,278						$	1,406		$	1,278
Provision for Unfunded Lending Commitments	$	28		$	(175	)	$	29		$	28		$	(4	)					$	(15	)	$	24
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	13,431		$	13,598		$	13,613		$	13,644		$	13,404						$	13,431		$	13,404
Total Allowance for Loan Losses as a Percentage of Total Loans (9) (10)	1.88		%	1.91		%	1.87		%	1.85		%	1.81		%
Consumer:
Allowance for Loan Losses at Beginning of Period (1)	$	9,495		$	9,515		$	9,892		$	9,869		$	10,039						$	9,358		$	9,869
Net Credit Losses (NCLs)	(1,633		)	(1,734		)	(1,658		)	(1,771		)	(1,706		)	4	%	(4	)%	(3,305		)	(3,477		)	(5	)%
NCLs	1,633			1,734			1,658			1,771			1,706			(4	)%	4	%	3,305			3,477			5	%
Net Reserve Builds / (Releases)	71			479			115			121			61			(50	)%	(14	)%	217			182			(16	)%
Net Specific Reserve Builds / (Releases)	(84		)	(71		)	12			(11		)	(3		)	73	%	96	%	(86		)	(14		)	84	%
Provision for Loan Losses	1,620			2,142			1,785			1,881			1,764			(6	)%	9	%	3,436			3,645			6	%
Other (2) (3) (4) (5) (6) (7)	33			(31		)	(150		)	60			(301		)	NM		NM		26			(241		)	NM
Allowance for Loan Losses at End of Period (1) (b)	$	9,515		$	9,892		$	9,869		$	10,039		$	9,796						$	9,515		$	9,796
Consumer Allowance for Unfunded Lending Commitments (8) (b)	$	40		$	35		$	33		$	32		$	34						$	40		$	34
Provision for Unfunded Lending Commitments	$	(1	)	$	(5	)	$	(2	)	$	(1	)	$	3						$	5		$	2
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	9,555		$	9,927		$	9,902		$	10,071		$	9,830						$	9,555		$	9,830
Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans (9)	2.93		%	3.04		%	2.96		%	3.09		%	3.03		%
Corporate
Allowance for Loan Losses at Beginning of Period (1)	$	2,535		$	2,510		$	2,474		$	2,486		$	2,315						$	2,702		$	2,486
Net Credit (Losses) / Recoveries (NCL’s)	(77		)	(43		)	(222		)	(96		)	2			NM		NM		(114		)	(94		)	18	%
NCLs	77			43			222			96			(2		)	NM		NM		114			94			(18	)%
Net Reserve Builds / (Releases)	(4		)	(60		)	(37		)	(19)			(30		)	(58	)%	NM		(170		)	(49		)	71	%
Net Specific Reserve Builds / (Releases)	(27		)	21			46			(155		)	63			NM		NM		(39		)	(92		)	NM
Provision for Loan Losses	46			4			231			(78		)	31			NM		(33	)%	(95		)	(47		)	51	%
Other (2)	6			3			3			3			(18		)					17			(15		)
Allowance for Loan Losses at End of Period (1) (c)	$	2,510		$	2,474		$	2,486		$	2,315		$	2,330						$	2,510		$	2,330
Corporate Allowance for Unfunded Lending Commitments (8) (c)	$	1,366		$	1,197		$	1,225		$	1,258		$	1,244						$	1,366		$	1,244
Provision for Unfunded Lending Commitments	$	29		$	(170	)	$	31		$	29		$	(7	)					$	(20	)	$	22
Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (c)]	$	3,876		$	3,671		$	3,711		$	3,573		$	3,574						$	3,876		$	3,574
Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans (10)	0.80		%	0.77		%	0.76		%	0.67		%	0.68		%
Footnotes to these tables are on the following page (page 25).

24

ALLOWANCE FOR CREDIT LOSSES - PAGE 2

The following footnotes relate to the tables on the prior page (page 24).

(1)Allowance for credit losses represents management’s estimate of probable losses inherent in the portfolio.  Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb probable credit losses inherent in the portfolio. 

(2)Includes all adjustments to the allowance for credit losses, such as changes in the allowance from acquisitions, dispositions, securitizations, foreign currency translation (FX translation), purchase accounting adjustments, etc.

(3)The second quarter of 2017 includes a reduction of approximately $19 million related to the sale or transfers to Held-For-Sale (HFS) of various loan portfolios, including a reduction of $19 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the second quarter includes an increase of approximately $50 million related to FX translation.

(4)The third quarter of 2017 includes a reduction of approximately $34 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $28 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the third quarter includes an increase of approximately $7 million related to FX translation.

(5)The fourth quarter of 2017 includes a reduction of approximately $47 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $22 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the fourth quarter includes a decrease of approximately $106 million related to FX translation.

(6)The first quarter of 2018 includes a reduction of approximately $55 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $53 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the first quarter includes an increase of approximately $118 million related to FX translation.

(7)The second quarter of 2018 includes a reduction of approximately $137 million related to the sale or transfers to HFS of various loan portfolios, including a reduction of $33 million related to the transfers of a real estate loan portfolio to HFS. Additionally, the second quarter includes a decrease of approximately $164 million related to FX translation.

(8)Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

(9)June 30, 2017, September 30, 2017, December 31, 2017,  March 31, 2018 and June 30, 2018 exclude $27 million, $27 million, $25 million, $23 million and $22 million, respectively, of consumer loans which are carried at fair value.

(10)June 30, 2017, September 30, 2017, December 31, 2017,  March 31, 2018 and June 30, 2018 exclude $4.2 billion, $4.3 billion, $4.9 billion, $4.5 billion and $3.0 billion, respectively, of corporate loans which are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

25

COMPONENTS OF PROVISION FOR LOAN LOSSES (In millions of dollars)

																2Q18 Increase/				Six			Six			YTD 2018 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from				Months			Months			YTD 2017 Increase/
	2017			2017			2017			2018			2018			1Q18		2Q17		2017			2018			(Decrease)
Global Consumer Banking
Net Credit Losses	$	1,615		$	1,704		$	1,640		$	1,736		$	1,726		(1	)%	7	%	$	3,218		$	3,462		8	%
Credit Reserve Build / (Release)	125			486			177			144			154			7	%	23	%	302			298			(1	)%
North America
Net Credit Losses	1,181			1,239			1,186			1,296			1,278			(1	)%	8	%	2,371			2,574			9	%
Credit Reserve Build / (Release)	101			463			153			123			115			(7	)%	14	%	253			238			(6	)%
Retail Banking
Net Credit Losses	39			88			30			43			32			(26	)%	(18	)%	76			75			(1	)%
Credit Reserve Build / (Release)	(7		)	(47		)	3			(20		)	(6		)	70	%	14	%	—			(26		)	NM
Citi-Branded Cards
Net Credit Losses	611			611			592			651			657			1	%	8	%	1,244			1,308			5	%
Credit Reserve Build / (Release)	26			192			87			75			51			(32	)%	96	%	118			126			7	%
Citi Retail Services
Net Credit Losses	531			540			564			602			589			(2	)%	11	%	1,051			1,191			13	%
Credit Reserve Build / (Release)	82			318			63			68			70			3	%	(15	)%	135			138			2	%
Latin America
Net Credit Losses	277			295			292			278			278			—		—		530			556			5	%
Credit Reserve Build / (Release)	50			44			19			42			33			(21	)%	(34	)%	62			75			21	%
Retail Banking
Net Credit Losses	151			143			153			132			138			5	%	(9	)%	288			270			(6	)%
Credit Reserve Build / (Release)	27			13			(5		)	10			9			(10	)%	(67	)%	41			19			(54	)%
Citi-Branded Cards
Net Credit Losses	126			152			139			146			140			(4	)%	11	%	242			286			18	%
Credit Reserve Build / (Release)	23			31			24			32			24			(25	)%	4	%	21			56			NM
Asia (1)
Net Credit Losses	157			170			162			162			170			5	%	8	%	317			332			5	%
Credit Reserve Build / (Release)	(26		)	(21		)	5			(21		)	6			NM		NM		(13		)	(15		)	(15	)%
Retail Banking
Net Credit Losses	54			69			60			57			58			2	%	7	%	116			115			(1	)%
Credit Reserve Build / (Release)	(9		)	(23		)	6			(13		)	5			NM		NM		(15		)	(8		)	47	%
Citi-Branded Cards
Net Credit Losses	103			101			102			105			112			7	%	9	%	201			217			8	%
Credit Reserve Build / (Release)	(17		)	2			(1		)	(8		)	1			NM		NM		2			(7		)	NM
Institutional Clients Group (ICG)
Net Credit Losses	71			44			225			105			(1		)	(101	)%	NM		96			104			8	%
Credit Reserve Build / (Release)	(15		)	(38		)	8			(175		)	32			NM		NM		(191		)	(143		)	25	%
Corporate / Other
Net Credit Losses	24			29			15			26			(21		)	NM		NM		105			5			(95	)%
Credit Reserve Build / (Release)	(154		)	(79		)	(49		)	(33		)	(95		)	NM		38	%	(189		)	(128		)	32	%
Total Provision for Loan Losses	$	1,666		$	2,146		$	2,016		$	1,803		$	1,795		—		8	%	$	3,341		$	3,598		8	%

(1)Asia GCB includes NCLs and credit reserve builds (releases) for certain EMEA countries for all periods presented.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

26

NON-ACCRUAL ASSETS (In millions of dollars)

																2Q18 Increase/
	2Q			3Q			4Q			1Q			2Q			(Decrease) from
	2017			2017			2017			2018			2018			1Q18		2Q17
Non-Accrual Loans (1)
Corporate Non-Accrual Loans By Region
North America	$	944		$	915		$	784		$	817		$	784		(4	)%	(17	)%
EMEA	727			681			849			561			391			(30	)%	(46	)%
Latin America	281			312			280			263			204			(22	)%	(27	)%
Asia	146			146			29			27			244			NM		67	%
Total	$	2,098		$	2,054		$	1,942		$	1,668		$	1,623		(3	)%	(23	)%
Consumer Non-Accrual Loans By Region (2)
North America	$	1,754		$	1,721		$	1,650		$	1,500		$	1,373		(8	)%	(22	)%
Latin America	793			791			756			791			726			(8	)%	(8	)%
Asia (3)	301			271			284			284			284			—		(6	)%
Total	$	2,848		$	2,783		$	2,690		$	2,575		$	2,383		(7	)%	(16	)%
OTHER REAL ESTATE OWNED AND OTHER REPOSSESSED ASSETS
Institutional Clients Group	$	24		$	44		$	37		$	19		$	23		21	%	(4	)%
Global Consumer Banking	29			34			26			28			23			(18	)%	(21	)%
Corporate/Other	115			65			81			67			55			(18	)%	(52	)%
TOTAL OTHER REAL ESTATE OWNED (OREO) (4)	$	168		$	143		$	144		$	114		$	101		(11	)%	(40	)%
OREO By Region:
North America	$	128		$	97		$	89		$	70		$	66		(6	)%	(48	)%
EMEA	1			1			2			—			1			100	%	—
Latin America	31			30			35			29			24			(17	)%	(23	)%
Asia	8			15			18			15			10			(33	)%	25	%
Total	$	168		$	143		$	144		$	114		$	101		(11	)%	(40	)%
Other Repossessed Assets	$	—		$	—		$	—		$	—		$	—		—		—
Non-Accrual Assets (NAA) (5)
Corporate Non-Accrual Loans	$	2,098		$	2,054		$	1,942		$	1,668		$	1,623		(3	)%	(23	)%
Consumer Non-Accrual Loans	2,848			2,783			2,690			2,575			2,383			(7	)%	(16	)%
Non-Accrual Loans (NAL)	4,946			4,837			4,632			4,243			4,006			(6	)%	(19	)%
OREO	168			143			144			114			101			(11	)%	(40	)%
Other Repossessed Assets	—			—			—			—			—			—		—
Non-Accrual Assets (NAA)	$	5,114		$	4,980		$	4,776		$	4,357		$	4,107		(6	)%	(20	)%
NAL as a % of Total Loans	0.77		%	0.74		%	0.69		%	0.63		%	0.60		%
NAA as a % of Total Assets	0.27		%	0.26		%	0.26		%	0.23		%	0.21		%
Allowance for Loan Losses as a % of NAL	243		%	256		%	267		%	291		%	303		%

(1)Corporate loans are placed on non-accrual status based upon a review by Citigroup’s risk officers.  Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for Consumer loans: Consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due; residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency.  As such, the non-accrual loan disclosures do not include credit card loans.

(2)Excludes SOP 03-3 purchased distressed loans.

(3)Asia GCB includes balances for certain EMEA countries for all periods presented.

(4)Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral.  Also includes former premises and property for use that is no longer contemplated.

(5)There is no industry-wide definition of non-accrual assets.  As such, analysis against the industry is not always comparable.

NM  Not meaningful.

Reclassified to conform to the current period’s presentation.

27

CITIGROUP CET1 CAPITAL AND SUPPLEMENTARY LEVERAGE RATIOS, TANGIBLE COMMON EQUITY, BOOK VALUE PER SHARE AND TANGIBLE BOOK VALUE PER SHARE (In millions of dollars or shares, except per share amounts and ratios)

	June 30,			September 30,			December 31,			March 31,			June 30,
	2017			2017			2017(3)			2018			2018(4)
Common Equity Tier 1 Capital Ratio and Components(1)
Citigroup Common Stockholders’ Equity(5)	$	210,950		$	208,565		$	181,671		$	182,943		$	181,243
Add: Qualifying noncontrolling interests	143			144			153			140			145
Regulatory Capital Adjustments and Deductions:
Less:
Accumulated net unrealized losses on cash flow hedges, net of tax(6)	(445		)	(437		)	(698		)	(920		)	(1,021		)
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax(7)	(291		)	(416		)	(721		)	(498		)	(162		)
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(8)	21,589			21,532			22,052			22,482			21,809
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs	4,587			4,410			4,401			4,209			4,461
Defined benefit pension plan net assets	796			720			896			871			882
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards	20,832			20,068			13,072			12,811			12,551
Excess over 10% / 15% limitations for other DTAs, certain common stock investments and MSRs(9)	8,851			9,298			—			—			—
Common Equity Tier 1 Capital (CET1)	$	155,174		$	153,534		$	142,822		$	144,128		$	142,868
Risk-Weighted Assets (RWA)	$	1,188,167		$	1,182,918		$	1,155,099		$	1,195,981		$	1,176,570
Common Equity Tier 1 Capital Ratio (CET1/RWA)	13.06		%	12.98		%	12.36		%	12.05		%	12.1		%
Supplementary Leverage Ratio and Components
Common Equity Tier 1 Capital (CET1)	$	155,174		$	153,534		$	142,822		$	144,128		$	142,868
Additional Tier 1 Capital (AT1)(10)	19,955			19,315			19,555			19,362			19,098
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	175,129		$	172,849		$	162,377		$	163,490		$	161,966
Total Leverage Exposure (TLE)	$	2,418,658		$	2,430,582		$	2,432,491		$	2,436,817		$	2,453,314
Supplementary Leverage Ratio (T1C/TLE)	7.24		%	7.11		%	6.68		%	6.71		%	6.6		%
Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share
Common Stockholders’ Equity	$	210,766		$	208,381		$	181,487		$	182,759		$	181,059
Less:
Goodwill	22,349			22,345			22,256			22,659			22,058
Intangible assets (other than MSRs)	4,887			4,732			4,588			4,450			4,729
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS	120			48			32			48			32
Tangible Common Equity (TCE)	$	183,410		$	181,256		$	154,611		$	155,602		$	154,240
Common Shares Outstanding (CSO)	2,724.6			2,644.0			2,569.9			2,549.9			2,516.6
Book Value Per Share (Common Equity/CSO)	$	77.36		$	78.81		$	70.62		$	71.67		$	71.95
Tangible Book Value Per Share (TCE/CSO)	$	67.32		$	68.55		$	60.16		$	61.02		$	61.29

(1)See footnote 2 on page 1.

(2)Not used.

(3)See footnote 1 on page 1.

(4)Preliminary.

(5)Excludes issuance costs related to outstanding preferred stock in accordance with Federal Reserve Board regulatory reporting requirements.

(6)Common Equity Tier 1 Capital is adjusted for accumulated net unrealized gains (losses) on cash flow hedges included in accumulated other comprehensive income that relate to the hedging of items not recognized at fair value on the balance sheet.

(7)The cumulative impact of changes in Citigroup’s own creditworthiness in valuing liabilities for which the fair value option has been elected, and own-credit valuation adjustments on derivatives, are excluded from Common Equity Tier 1 Capital, in accordance with the U.S. Basel III rules.

(8)Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.

(9)Assets subject to 10%/15% limitations include MSRs, DTAs arising from temporary differences and significant common stock investments in unconsolidated financial institutions.  For periods presented prior to December 31, 2017, the deduction related only to DTAs arising from temporary differences that exceeded the 10% limitation.

(10)Additional Tier 1 Capital primarily includes qualifying noncumulative perpetual preferred stock and qualifying trust preferred securities.

Reclassified to conform to the current period’s presentation.

28