Ex_99.2

CITIGROUP -- FINANCIAL SUMMARY

(In millions of dollars, except per share amounts, and as otherwise noted)


	1Q			2Q			3Q			4Q			1Q			1Q20 Increase/ (Decrease) from
	2019			2019			2019			2019			2020			4Q19	1Q19
Total Revenues, Net of Interest Expense	$	18,576		$	18,758		$	18,574		$	18,378		$	20,731		13%	12%
Total Operating Expenses		10,584			10,500			10,464			10,454			10,594		1%	-
Net Credit Losses (NCLs)		1,948			1,963			1,913			1,944			2,108		8%	8%
Credit Reserve Build / (Release) for Loans		(4)			126			149			179			4,336		NM	NM
Provision / (Release) for Unfunded Lending Commitments		24			(15)			9			74			557		NM	NM
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		12			19			17			25			26		4%	NM
Provisions for Credit Losses and for Benefits and Claims	$	1,980		$	2,093		$	2,088		$	2,222		$	7,027		NM	NM
Income from Continuing Operations before Income Taxes	$	6,012		$	6,165		$	6,022		$	5,702		$	3,110		(45%)	(48%)
Income Taxes(1)(2)		1,275			1,373			1,079			703			576		(18%)	(55%)
Income from Continuing Operations	$	4,737		$	4,792		$	4,943		$	4,999		$	2,534		(49%)	(47%)
Income (Loss) from Discontinued Operations, net of Taxes		(2)			17			(15)			(4)			(18)		NM	NM
Net Income before Noncontrolling Interests	$	4,735		$	4,809		$	4,928		$	4,995		$	2,516		(50%)	(47%)
Net Income (Loss) Attributable to Noncontrolling Interests		25			10			15			16			(6)		NM	NM
Citigroup's Net Income	$	4,710		$	4,799		$	4,913		$	4,979		$	2,522		(49%)	(46%)

Diluted Earnings Per Share:
Income from Continuing Operations	$	1.87		$	1.94		$	2.08		$	2.15		$	1.06		(51%)	(43%)
Citigroup's Net Income	$	1.87		$	1.95		$	2.07		$	2.15		$	1.05		(51%)	(44%)

Shares (in millions):
Average Basic		2,340.4			2,286.1			2,220.8			2,149.4			2,097.9		(2%)	(10%)
Average Diluted		2,342.4			2,289.0			2,237.1			2,166.8			2,113.7		(2%)	(10%)
Common Shares Outstanding, at period end		2,312.5			2,259.1			2,183.2			2,114.1			2,081.8		(2%)	(10%)

Preferred Dividends	$	262		$	296		$	254		$	296		$	291		(2%)	11%

Income Allocated to Unrestricted Common Shareholders - Basic
Income from Continuing Operations	$	4,391		$	4,436		$	4,647		$	4,653		$	2,228		(52%)	(49%)
Citigroup's Net Income	$	4,389		$	4,453		$	4,632		$	4,649		$	2,210		(52%)	(50%)

Income Allocated to Unrestricted Common Shareholders - Diluted
Income from Continuing Operations	$	4,391		$	4,436		$	4,656		$	4,661		$	2,235		(52%)	(49%)
Citigroup's Net Income	$	4,389		$	4,453		$	4,641		$	4,657		$	2,217		(52%)	(49%)

Regulatory Capital Ratios and Performance Metrics:
Common Equity Tier 1 (CET1) Capital Ratio(3)(4)(5)		11.91	%		11.89	%		11.58	%		11.81	%		11.2	%
Tier 1 Capital Ratio(3)(4)(5)		13.44	%		13.40	%		13.20	%		13.36	%		12.6	%
Total Capital Ratio(3)(4)(5)		16.41	%		16.33	%		16.07	%		15.97	%		15.1	%
Supplementary Leverage Ratio (SLR)(4)(5)(6)		6.43	%		6.36	%		6.27	%		6.21	%		6.0	%
Return on Average Assets		0.98	%		0.97	%		0.97	%		0.99	%		0.49	%
Return on Average Common Equity		10.2	%		10.1	%		10.4	%		10.6	%		5.2	%
Efficiency Ratio (Total Operating Expenses/Total Revenues, net)		57.0	%		56.0	%		56.3	%		56.9	%		51.1	%

Balance Sheet Data (in billions of dollars, except per share amounts)(4):
Total Assets	$	1,958.4		$	1,988.2		$	2,014.8		$	1,951.2		$	2,219.8		14%	13%
Total Average Assets		1,939.4			1,979.1			2,000.1			1,996.6			2,079.7		4%	7%
Total Deposits		1,030.4			1,045.6			1,087.8			1,070.6			1,184.9		11%	15%
Citigroup's Stockholders' Equity		196.3			197.4			196.4			193.2			192.3		-	(2%)
Book Value Per Share		77.09			79.40			81.02			82.90			83.75		1%	9%
Tangible Book Value Per Share(7)		65.55			67.64			69.03			70.39			71.52		2%	9%

Direct Staff (in thousands)		203			200			199			200			201		1%	(1%)

(1)

4Q19 includes discrete tax items of roughly $540 million, including an approximate $430 million benefit of a reduction in Citi’s valuation allowance related to its Deferred Tax Assets (DTAs).

(2)

3Q19 includes discrete tax items of roughly $230 million, including an approximate $180 million benefit of a reduction in Citi’s valuation allowance related to its DTAs.

(3)

Citi's reportable CET1 Capital and Tier 1 Capital ratios were derived under the U.S. Basel III Advanced Approaches framework as of March 31, 2020, and the U.S. Basel III Standardized Approach framework for all prior periods presented, whereas Citi's reportable Total Capital ratios were derived under the U.S. Basel III Advanced Approaches framework for all periods presented. 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. For the composition of Citi's CET1 Capital and ratio, see page 27.

(4)

March 31, 2020 is preliminary.

(5)

See footnote 4 on page 27

(6)

For the composition of Citi's SLR, see page 27.

(7)

Tangible book value per share is a non-GAAP financial measure. For a reconciliation of this measure to reported results, see page 27.

Note: Ratios and variance percentages are calculated based on the displayed amounts. Due to averaging and roundings, quarterly earnings per share may not sum to the YTD totals.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)

	1Q		2Q		3Q		4Q		1Q		1Q20 Increase/ (Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19

Revenues
Interest revenue	$	19,076	$	19,712	$	19,177	$	18,545	$	17,139	(8%)	(10%)
Interest expense		7,317		7,762		7,536		6,548		5,647	(14%)	(23%)
Net interest revenue		11,759		11,950		11,641		11,997		11,492	(4%)	(2%)

Commissions and fees		2,926		2,881		2,906		3,033		3,021	-	3%
Principal transactions		2,804		1,874		2,802		1,412		5,261	NM	88%
Administrative and other fiduciary fees		839		869		880		823		854	4%	2%
Realized gains (losses) on investments		130		468		361		515		432	(16%)	NM
Other-than-temporary impairment losses on investments and other assets		(8)		(5)		(14)		(5)		(55)	NM	NM
Other revenue		126		721		(2)		603		(274)	NM	NM
Total non-interest revenues		6,817		6,808		6,933		6,381		9,239	45%	36%
Total revenues, net of interest expense		18,576		18,758		18,574		18,378		20,731	13%	12%


Provisions for Credit Losses and for Benefits and Claims

Net credit losses		1,948		1,963		1,913		1,944		2,108	8%	8%
Credit reserve build / (release) for loans		(4)		126		149		179		4,336	NM	NM
Provision for loan losses		1,944		2,089		2,062		2,123		6,444	NM	NM
Provision for Held-to-maturity (HTM) debt securities		-		-		-		-		6	NM	NM
Provision for Other assets		-		-		-		-		(4)	NM	NM
Provision for policyholder benefits and claims		12		19		17		25		24	(4%)	100%
Provision for unfunded lending commitments		24		(15)		9		74		557	NM	NM
Total provisions for credit losses and for benefits and claims		1,980		2,093		2,088		2,222		7,027	NM	NM

Operating Expenses
Compensation and benefits		5,658		5,381		5,329		5,065		5,654	12%	-
Premises and equipment		564		569		580		615		565	(8%)	-
Technology / communication expense		1,720		1,724		1,783		1,850		1,723	(7%)	-
Advertising and marketing expense		359		434		378		345		328	(5%)	(9%)
Other operating		2,283		2,392		2,394		2,579		2,324	(10%)	2%
Total operating expenses		10,584		10,500		10,464		10,454		10,594	1%	-

Income from Continuing Operations before
Income Taxes		6,012		6,165		6,022		5,702		3,110	(45%)	(48%)
Provision for income taxes (1)(2)		1,275		1,373		1,079		703		576	(18%)	(55%)

Income (Loss) from Continuing Operations		4,737		4,792		4,943		4,999		2,534	(49%)	(47%)
Discontinued Operations
Income (Loss) from Discontinued Operations		(2)		(10)		(15)		(4)		(18)	NM	NM
Provision (benefits) for income taxes		-		(27)		-		-		-	-	-
Income (Loss) from Discontinued Operations, net of taxes		(2)		17		(15)		(4)		(18)	NM	NM

Net Income before Noncontrolling Interests		4,735		4,809		4,928		4,995		2,516	(50%)	(47%)

Net Income (Loss) attributable to noncontrolling interests		25		10		15		16		(6)	NM	NM
Citigroup's Net Income	$	4,710	$	4,799	$	4,913	$	4,979	$	2,522	(49%)	(46%)

(1)

4Q19 includes discrete tax items of roughly $540 million, including an approximate $430 million benefit of a reduction in Citi’s valuation allowance related to its Deferred Tax Assets (DTAs).

(2)

3Q19 includes discrete tax items of roughly $230 million, including an approximate $180 million benefit of a reduction in Citi’s valuation allowance related to its DTAs.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)


													1Q20 Increase/
	March 31,		June 30,		September 30,			December 31,			March 31,		(Decrease) from
	2019		2019			2019			2019		2020 (1)		4Q19	1Q19
Assets
Cash and due from banks (including segregated cash and other deposits)	$	24,448	$	24,997		$	24,086		$	23,967	$	23,755	(1%)	(3%)
Deposits with banks		181,445		178,246			196,357			169,952		262,165	54%	44%
Securities borrowed and purchased under agreements to resell		264,495		259,769			261,125			251,322		262,536	4%	(1%)
Brokerage receivables		44,500		50,027			54,215			39,857		68,555	72%	54%
Trading account assets		286,511		306,831			306,824			276,140		365,000	32%	27%
Investments
Available-for-sale and non-marketable equity securities		275,132		273,435			275,425			280,265		308,219	10%	12%
Held-to-maturity debt securities		66,842		68,693			75,841			80,775		82,315	2%	23%
Equity securities		7,307		7,574			7,117			7,523		8,349	11%	14%
Total investments		349,281		349,702			358,383			368,563		398,883	8%	14%
Loans, net of unearned income
Consumer		290,968		296,505			297,400			309,548		288,430	(7%)	(1%)
Corporate		391,378		392,165			394,343			389,935		432,590	11%	11%
Loans, net of unearned income		682,346		688,670			691,743			699,483		721,020	3%	6%
Allowance for loan losses		(12,329)		(12,466)			(12,530)			(12,783)		(20,841)	(63%)	(69%)
Total loans, net		670,017		676,204			679,213			686,700		700,179	2%	5%
Goodwill		22,037		22,065			21,822			22,126		21,264	(4%)	(4%)
Intangible assets (including MSRs)		5,196		5,026			4,844			4,822		4,560	(5%)	(12%)
Other assets		110,483		115,359			107,933			107,709		112,873	5%	2%
Total assets	$	1,958,413	$	1,988,226		$	2,014,802		$	1,951,158	$	2,219,770	14%	13%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	101,354	$	95,659		$	99,731		$	98,811	$	113,371	15%	12%
Interest-bearing deposits in U.S. offices		373,339		382,738			407,872			401,418		462,327	15%	24%
Total U.S. deposits		474,693		478,397			507,603			500,229		575,698	15%	21%
Non-interest-bearing deposits in offices outside the U.S.		80,594		82,750			82,723			85,692		85,439	-	6%
Interest-bearing deposits in offices outside the U.S.		475,068		484,460			497,443			484,669		523,774	8%	10%
Total international deposits		555,662		567,210			580,166			570,361		609,213	7%	10%

Total deposits		1,030,355		1,045,607			1,087,769			1,070,590		1,184,911	11%	15%
Securities loaned and sold under agreements to resell		190,372		181,133			195,047			166,339		222,324	34%	17%
Brokerage payables		62,656		69,839			63,342			48,601		74,368	53%	19%
Trading account liabilities		136,392		136,294			135,596			119,894		163,995	37%	20%
Short-term borrowings		39,322		42,442			35,230			45,049		54,951	22%	40%
Long-term debt		243,566		252,189			242,238			248,760		266,098	7%	9%
Other liabilities(2)		58,735		62,612			58,510			57,979		60,141	4%	2%
Total liabilities	$	1,761,398	$	1,790,116		$	1,817,732		$	1,757,212	$	2,026,788	15%	15%

Equity
Stockholders' equity
Preferred stock	$	17,980	$	17,980		$	19,480		$	17,980	$	17,980	-	-
Common stock		31		31			31			31		31	-	-
Additional paid-in capital		107,551		107,657			107,741			107,840		107,550	-	-
Retained earnings		154,859		158,321			161,797			165,369		163,438	(1%)	6%
Treasury stock		(47,861)		(51,427)			(56,541)			(61,660)		(64,147)	(4%)	(34%)
Accumulated other comprehensive income (loss)		(36,308)		(35,203)			(36,135)			(36,318)		(32,521)	10%	10%
Total common equity	$	178,272	$	179,379		$	176,893		$	175,262	$	174,351	(1%)	(2%)

Total Citigroup stockholders' equity	$	196,252	$	197,359		$	196,373		$	193,242	$	192,331	-	(2%)
Noncontrolling interests		763		751			697			704		651	(8%)	(15%)
Total equity		197,015		198,110			197,070			193,946		192,982	-	(2%)
Total liabilities and equity	$	1,958,413	$	1,988,226		$	2,014,802		$	1,951,158	$	2,219,770	14%	13%

(1)

Preliminary.

(2)

Includes allowance for credit losses for unfunded lending commitments. See page 23 for amounts by period.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

SEGMENT DETAIL

NET REVENUES

(In millions of dollars)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19
Global Consumer Banking
North America	$	5,000	$	4,966	$	5,179	$	5,253	$	5,224	(1%)	4%
Latin America		1,272		1,320		1,269		1,377		1,199	(13%)	(6%)
Asia(1)		1,818		1,847		1,841		1,829		1,751	(4%)	(4%)
Total		8,090		8,133		8,289		8,459		8,174	(3%)	1%

Institutional Clients Group
North America		3,269		3,632		3,244		3,314		4,947	49%	51%
EMEA		3,170		2,960		3,138		2,738		3,470	27%	9%
Latin America		1,268		1,307		1,294		1,297		1,418	9%	12%
Asia		2,311		2,156		2,175		2,028		2,649	31%	15%
Total		10,018		10,055		9,851		9,377		12,484	33%	25%

Corporate / Other		468		570		434		542		73	(87%)	(84%)

Total Citigroup - Net Revenues	$	18,576	$	18,758	$	18,574	$	18,378	$	20,731	13%	12%

(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.

SEGMENT DETAIL

INCOME

(In millions of dollars)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19
Income (Loss) from Continuing Operations

Global Consumer Banking
North America	$	707	$	663	$	884	$	970	$	(910)	NM	NM
Latin America		216		234		217		234		(36)	NM	NM
Asia (1)		397		404		402		374		191	(49%)	(52%)
Total		1,320		1,301		1,503		1,578		(755)	NM	NM

Institutional Clients Group

North America		748		1,050		818		895		896	-	20%
EMEA		1,125		1,005		1,060		677		1,035	53%	(8%)
Latin America		540		519		487		565		526	(7%)	(3%)

Asia		999		851		864		741		1,169	58%	17%
Total		3,412		3,425		3,229		2,878		3,626	26%	6%


Corporate / Other		5		66		211		543		(337)	NM	NM

Income From Continuing Operations	$	4,737	$	4,792	$	4,943	$	4,999	$	2,534	(49%)	(47%)

Discontinued Operations		(2)		17		(15)		(4)		(18)	NM	NM

Net Income Attributable to Noncontrolling Interests		25		10		15		16		(6)	NM	NM

Total Citigroup - Net Income	$	4,710	$	4,799	$	4,913	$	4,979	$	2,522	(49%)	(46%)

Average Assets (in billions)
North America	$	999	$	1,028	$	1,054	$	1,053	$	1,113	6%	11%
EMEA(1)		363		370		363		357		378	6%	4%
Latin America		126		128		130		133		129	(3%)	2%
Asia(1)		352		355		356		359		366	2%	4%
Corporate / Other		99		98		97		95		94	(1%)	(5%)
Total	$	1,939	$	1,979	$	2,000	$	1,997	$	2,080	4%	7%

Return on Average Assets (ROA) on Net Income (Loss)
North America		0.59%		0.67%		0.64%		0.70%		0.00%
EMEA(1)		1.24%		1.08%		1.14%		0.74%		1.09%
Latin America		2.43%		2.36%		2.15%		2.38%		1.53%
Asia(1)		1.61%		1.42%		1.41%		1.22%		1.50%
Corporate / Other		(0.05%)		0.34%		0.78%		2.24%		(1.50%)
Total		0.98%		0.97%		0.97%		0.99%		0.49%

(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.

GLOBAL CONSUMER BANKING

Page 1

(In millions of dollars, except as otherwise noted)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19
Net Interest Revenue	$	6,940	$	6,957	$	7,127	$	7,181	$	7,072	(2%)	2%
Non-Interest Revenue		1,150		1,176		1,162		1,278		1,102	(14%)	(4%)
Total Revenues, Net of Interest Expense		8,090		8,133		8,289		8,459		8,174	(3%)	1%
Total Operating Expenses		4,416		4,471		4,368		4,373		4,368	-	(1%)
Net Credit Losses		1,868		1,870		1,802		1,842		1,983	8%	6%
Credit Reserve Build / (Release) for Loans		96		94		129		120		2,829	NM	NM
Provision for Unfunded Lending Commitments		(3)		-		2		2		(1)	NM	67%
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		12		19		17		25		20	(20%)	67%
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)		1,973		1,983		1,950		1,989		4,831	NM	NM
Income (Loss) from Continuing Operations before Taxes		1,701		1,679		1,971		2,097		(1,025)	NM	NM
Income Taxes (Benefits)		381		378		468		519		(270)	NM	NM
Income (Loss) from Continuing Operations		1,320		1,301		1,503		1,578		(755)	NM	NM
Noncontrolling Interests		-		1		2		3		(1)	NM	(100%)
Net Income (Loss)	$	1,320	$	1,300	$	1,501	$	1,575	$	(754)	NM	NM
EOP Assets (in billions)	$	379	$	390	$	394	$	407	$	403	(1%)	6%
Average Assets (in billions)	$	380	$	384	$	392	$	399	$	406	2%	7%
Return on Average Assets (ROA)		1.41%		1.36%		1.52%		1.57%		(0.75%)
Efficiency Ratio		55%		55%		53%		52%		53%

Net Credit Losses as a % of Average Loans		2.70%		2.68%		2.52%		2.51%		2.75%

Revenue by Business
Retail Banking	$	3,106	$	3,202	$	3,117	$	3,124	$	3,046	(2%)	(2%)
Cards (1)		4,984		4,931		5,172		5,335		5,128	(4%)	3%
Total	$	8,090	$	8,133	$	8,289	$	8,459	$	8,174	(3%)	1%

Net Credit Losses by Business
Retail Banking	$	233	$	225	$	225	$	227	$	235	4%	1%
Cards (1)		1,635		1,645		1,577		1,615		1,748	8%	7%
Total	$	1,868	$	1,870	$	1,802	$	1,842	$	1,983	8%	6%

Income from Continuing Operations by Business
Retail Banking	$	409	$	517	$	492	$	424	$	120	(72%)	(71%)
Cards (1)		911		784		1,011		1,154		(875)	NM	NM
Total	$	1,320	$	1,301	$	1,503	$	1,578	$	(755)	NM	NM

Foreign Currency (FX) Translation Impact
Total Revenue - as Reported	$	8,090	$	8,133	$	8,289	$	8,459	$	8,174	(3%)	1%
Impact of FX Translation (2)		(115)		(104)		(72)		(120)		-
Total Revenues - Ex-FX (2)	$	7,975	$	8,029	$	8,217	$	8,339	$	8,174	(2%)	2%

Total Operating Expenses – as Reported	$	4,416	$	4,471	$	4,368	$	4,373	$	4,368	-	(1%)
Impact of FX Translation (2)		(66)		(56)		(38)		(67)		-
Total Operating Expenses - Ex-FX (2)	$	4,350	$	4,415	$	4,330	$	4,306	$	4,368	1%	-

Total Provisions for LLR & PBC - as Reported	$	1,973	$	1,983	$	1,950	$	1,989	$	4,831	NM	NM
Impact of FX Translation (2)		(26)		(25)		(16)		(22)		-
Total Provisions for LLR & PBC - Ex-FX (2)	$	1,947	$	1,958	$	1,934	$	1,967	$	4,831	NM	NM

Net Income (Loss) – as Reported	$	1,320	$	1,300	$	1,501	$	1,575	$	(754)	NM	NM
Impact of FX Translation (2)		(15)		(16)		(12)		(21)		-
Total Net Income (Loss) - Ex-FX (2)	$	1,305	$	1,284	$	1,489	$	1,554	$	(754)	NM	NM

(1)

Includes both Citi-Branded Cards and Citi Retail Services.

(2)

Reflects the impact of foreign currency (FX) translation into U.S. dollars at the 1Q20 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.

GLOBAL CONSUMER BANKING

Page 2


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		2,404		2,399		2,394		2,348		2,333	(1%)	(3%)
Accounts (in millions)		54.9		55.5		55.8		55.9		55.9	-	2%
Average Deposits	$	271.7	$	275.2	$	276.8	$	282.6	$	290.1	3%	7%
Investment Sales	$	21.1	$	22.8	$	23.9	$	22.7	$	29.6	30%	40%
Investment Assets under Management (AUMs)	$	160.1	$	164.3	$	165.6	$	174.8	$	144.6	(17%)	(10%)
Average Loans	$	117.9	$	118.1	$	119.5	$	123.0	$	123.1	-	4%
EOP Loans:
Mortgages	$	80.8	$	81.9	$	83.0	$	85.1	$	83.3	(2%)	3%
Personal, Small Business and Other		37.3		37.8		37.6		39.7		36.9	(7%)	(1%)
EOP Loans	$	118.1	$	119.7	$	120.6	$	124.8	$	120.2	(4%)	2%

Total Net Interest Revenue (in millions)(1)	$	2,097	$	2,119	$	2,069	$	2,048	$	1,981	(3%)	(6%)
As a % of Average Loans		7.21%		7.20%		6.87%		6.61%		6.47%

Net Credit Losses (in millions)	$	233	$	225	$	225	$	227	$	235	4%	1%
As a % of Average Loans		0.80%		0.76%		0.75%		0.73%		0.77%
Loans 90+ Days Past Due (in millions)(2)	$	394	$	416	$	392	$	438	$	429	(2%)	9%
As a % of EOP Loans		0.34%		0.35%		0.33%		0.35%		0.36%
Loans 30-89 Days Past Due (in millions)(2)	$	744	$	831	$	803	$	816	$	794	(3%)	7%
As a % of EOP Loans		0.63%		0.70%		0.67%		0.66%		0.66%

Cards Key Indicators (in millions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)		140.1		139.5		138.2		138.3		137.3	(1%)	(2%)
Purchase Sales (in billions)	$	128.0	$	142.0	$	141.8	$	152.0	$	127.6	(16%)	-

Average Loans (in billions)(3)	$	162.7	$	162.0	$	164.6	$	168.0	$	167.2	-	3%
EOP Loans (in billions)(3)	$	160.3	$	165.1	$	165.8	$	175.1	$	159.1	(9%)	(1%)
Average Yield(4)		13.95%		13.87%		13.87%		13.62%		13.59%
Total Net Interest Revenue(5)	$	4,843	$	4,838	$	5,058	$	5,133	$	5,091	(1%)	5%
As a % of Average Loans(5)		12.07%		11.98%		12.19%		12.12%		12.25%
Net Credit Losses	$	1,635	$	1,645	$	1,577	$	1,615	$	1,748	8%	7%
As a % of Average Loans		4.08%		4.07%		3.80%		3.81%		4.20%
Net Credit Margin(6)	$	3,350	$	3,286	$	3,598	$	3,722	$	3,378	(9%)	1%
As a % of Average Loans(6)		8.35%		8.14%		8.67%		8.79%		8.13%
Loans 90+ Days Past Due	$	2,111	$	2,010	$	2,078	$	2,299	$	2,174	(5%)	3%
As a % of EOP Loans		1.32%		1.22%		1.25%		1.31%		1.37%
Loans 30-89 Days Past Due	$	2,007	$	1,952	$	2,153	$	2,185	$	2,076	(5%)	3%
As a % of EOP Loans		1.25%		1.18%		1.30%		1.25%		1.30%

(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 exclude 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.

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 1

(In millions of dollars, except as otherwise noted)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19

Net Interest Revenue	$	4,897	$	4,869	$	5,041	$	5,062	$	5,036	(1%)	3%
Non-Interest Revenue		103		97		138		191		188	(2%)	83%
Total Revenues, Net of Interest Expense (1)		5,000		4,966		5,179		5,253		5,224	(1%)	4%
Total Operating Expenses		2,572		2,621		2,511		2,450		2,536	4%	(1%)
Net Credit Losses		1,408		1,417		1,350		1,408		1,526	8%	8%
Credit Reserve Build / (Release)		118		81		161		109		2,362	NM	NM
Provision for Unfunded Lending Commitments		(3)		-		2		2		(1)	NM	67%
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		6		6		4		3		5	67%	(17%)
Provisions for Loan Losses and for Benefits and Claims		1,529		1,504		1,517		1,522		3,892	NM	NM
Income (Loss) from Continuing Operations before Taxes		899		841		1,151		1,281		(1,204)	NM	NM
Income Taxes (Benefits)		192		178		267		311		(294)	NM	NM
Income (Loss) from Continuing Operations		707		663		884		970		(910)	NM	NM
Noncontrolling Interests		-		-		-		-		-	-	-
Net Income (Loss)	$	707	$	663	$	884	$	970	$	(910)	NM	NM
Average Assets (in billions)	$	226	$	229	$	235	$	237	$	246	4%	9%
Return on Average Assets		1.27%		1.16%		1.49%		1.62%		(1.49%)
Efficiency Ratio		51%		53%		48%		47%		49%

Net Credit Losses as a % of Average Loans		3.08%		3.07%		2.84%		2.90%		3.18%

Revenue by Business
Retail Banking	$	1,131	$	1,159	$	1,131	$	1,108	$	1,130	2%	-
Citi-Branded Cards		2,195		2,197		2,334		2,439		2,347	(4%)	7%
Citi Retail Services		1,674		1,610		1,714		1,706		1,747	2%	4%
Total	$	5,000	$	4,966	$	5,179	$	5,253	$	5,224	(1%)	4%

Net Credit Losses by Business
Retail Banking	$	39	$	40	$	40	$	42	$	37	(12%)	(5%)
Citi-Branded Cards		706		723		712		723		795	10%	13%
Citi Retail Services		663		654		598		643		694	8%	5%
Total	$	1,408	$	1,417	$	1,350	$	1,408	$	1,526	8%	8%

Income from Continuing Operations by Business
Retail Banking	$	21	$	56	$	67	$	52	$	(73)	NM	NM
Citi-Branded Cards		382		364		441		555		(529)	NM	NM
Citi Retail Services		304		243		376		363		(308)	NM	NM
Total	$	707	$	663	$	884	$	970	$	(910)	NM	NM

(1)

1Q18 includes an approximate $150 million gain on the sale of the Hilton Card portfolio.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)

Branches (actual)		689		688		687		687		686	-	-
Accounts (in millions)		9.0		9.1		9.1		9.1		9.1	-	1%
Average Deposits	$	149.6	$	151.6	$	153.6	$	156.2	$	161.3	3%	8%
Investment Sales	$	8.8	$	9.6	$	9.6	$	9.8	$	12.4	27%	41%
Investment AUMs	$	65.9	$	68.2	$	68.5	$	72.2	$	62.0	(14%)	(6%)

Average Loans	$	47.6	$	47.8	$	48.6	$	49.8	$	50.5	1%	6%

EOP Loans:
Mortgages	$	44.7	$	45.3	$	46.3	$	47.5	$	47.9	1%	7%
Personal, Small Business and Other		3.0		2.9		2.8		2.8		2.9	4%	(3%)
Total EOP Loans	$	47.7	$	48.2	$	49.1	$	50.3	$	50.8	1%	6%

Mortgage Originations (1)	$	2.0	$	3.9	$	5.0	$	6.0	$	4.1	(32%)	NM

Third Party Mortgage Servicing Portfolio (EOP)	$	44.9	$	44.5	$	44.2	$	43.8	$	43.9	-	(2%)

Net Servicing and Gain/(Loss) on Sale (in millions)	$	31.8	$	31.3	$	32.9	$	38.2	$	86.3	NM	NM

Saleable Mortgage Rate Locks	$	1.1	$	1.5	$	1.9	$	2.0	$	2.9	45%	NM

Net Interest Revenue on Loans (in millions)	$	180	$	175	$	171	$	178	$	184	3%	2%
As a % of Avg. Loans		1.53%		1.47%		1.40%		1.42%		1.47%

Net Credit Losses (in millions)	$	39	$	40	$	40	$	42	$	37	(12%)	(5%)
As a % of Avg. Loans		0.33%		0.34%		0.33%		0.33%		0.29%

Loans 90+ Days Past Due (in millions) (2)	$	132	$	133	$	125	$	146	$	161	10%	22%
As a % of EOP Loans		0.28%		0.28%		0.26%		0.29%		0.32%
Loans 30-89 Days Past Due (in millions) (2)	$	263	$	341	$	313	$	334	$	298	(11%)	13%
As a % of EOP Loans		0.56%		0.72%		0.65%		0.67%		0.59%

(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 $173 million and ($0.6 billion), $162 million and ($0.6 billion), and $150 million and ($0.6 billion), $135 million and ($0.5 billion), and $124 million and ($0.5 billion) as of March 31, 2019, June 30, 2019, September 30, 2019, December 31, 2019 and March 31, 2020, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $78 million and ($0.6 billion), $89 million and ($0.6 billion), $78 million and ($0.6 billion), $72 million and ($0.5 billion), and $64 million and ($0.5 billion) as of March 31, 2019, June 30, 2019, September 30, 2019, December 31, 2019 and March 31, 2020, respectively.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts (in millions)		34.8		34.8		34.7		34.9		35.0	-	1%
Purchase Sales (in billions)	$	83.6	$	93.2	$	93.5	$	98.1	$	85.8	(13%)	3%
Average Loans (in billions) (1)	$	87.7	$	88.4	$	90.5	$	92.4	$	92.3	-	5%
EOP Loans (in billions) (1)	$	87.0	$	90.6	$	91.5	$	96.3	$	88.4	(8%)	2%
Average Yield (2)		11.24%		11.13%		11.19%		10.96%		10.86%	(1%)	(3%)

Total Net Interest Revenue (3)	$	1,972	$	1,974	$	2,084	$	2,144	$	2,142	-	9%
As a % of Avg. Loans (3)		9.12%		8.96%		9.14%		9.21%		9.33%
Net Credit Losses	$	706	$	723	$	712	$	723	$	795	10%	13%
As a % of Average Loans		3.26%		3.28%		3.12%		3.10%		3.46%
Net Credit Margin (4)	$	1,487	$	1,470	$	1,621	$	1,715	$	1,550	(10%)	4%
As a % of Avg. Loans (4)		6.88%		6.67%		7.11%		7.36%		6.75%
Loans 90+ Days Past Due	$	828	$	799	$	807	$	915	$	891	(3%)	8%
As a % of EOP Loans		0.95%		0.88%		0.88%		0.95%		1.01%
Loans 30-89 Days Past Due	$	731	$	705	$	800	$	814	$	770	(5%)	5%
As a % of EOP Loans		0.84%		0.78%		0.87%		0.85%		0.87%


Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted) (1)
EOP Open Accounts		84.6		84.1		83.0		82.9		81.9	(1%)	(3%)
Purchase Sales (in billions)	$	18.6	$	22.5	$	21.7	$	25.1	$	18.0	(28%)	(3%)
Average Loans (in billions) (1)	$	50.2	$	49.1	$	49.7	$	50.5	$	50.5	-	1%
EOP Loans (in billions) (1)	$	48.9	$	49.6	$	50.0	$	52.9	$	48.9	(8%)	-
Average Yield (2)		18.17%		18.10%		18.08%		17.66%		17.78%	1%	(2%)

Total Net Interest Revenue (3)	$	2,078	$	2,036	$	2,136	$	2,121	$	2,119	-	2%
As a % of Avg. Loans (3)		16.79%		16.63%		17.05%		16.66%		16.88%
Net Credit Losses	$	663	$	654	$	598	$	643	$	694	8%	5%
As a % of Average Loans		5.36%		5.34%		4.77%		5.05%		5.53%
Net Credit Margin (4)	$	1,007	$	953	$	1,113	$	1,061	$	1,048	(1%)	4%
As a % of Avg. Loans (4)		8.14%		7.79%		8.88%		8.34%		8.35%
Loans 90+ Days Past Due	$	918	$	840	$	923	$	1,012	$	958	(5%)	4%
As a % of EOP Loans		1.88%		1.69%		1.85%		1.91%		1.96%
Loans 30-89 Days Past Due	$	859	$	831	$	943	$	945	$	903	(4%)	5%
As a % of EOP Loans		1.76%		1.68%		1.89%		1.79%		1.85%

(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.

Reclassified to conform to the current period's presentation.

GLOBAL CONSUMER BANKING

LATIN AMERICA (1)

Page 1

(In millions of dollars, except as otherwise noted)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19

Net Interest Revenue	$	877	$	918	$	913	$	931	$	887	(5%)	1%
Non-Interest Revenue (2)		395		402		356		446		312	(30%)	(21%)
Total Revenues, Net of Interest Expense		1,272		1,320		1,269		1,377		1,199	(13%)	(6%)
Total Operating Expenses		673		704		724		782		699	(11%)	4%
Net Credit Losses		296		279		275		259		277	7%	(6%)
Credit Reserve Build / (Release)		(2)		3		(34)		(5)		265	NM	NM
Provision for Unfunded Lending Commitments		-		-		-		-		-	-	-
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		6		13		13		22		15	(32%)	NM
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)		300		295		254		276		557	NM	86%
Income (Loss) from Continuing Operations before Taxes		299		321		291		319		(57)	NM	NM
Income Taxes (Benefits)		83		87		74		85		(21)	NM	NM
Income (Loss) from Continuing Operations		216		234		217		234		(36)	NM	NM
Noncontrolling Interests		-		-		-		-		-	-	-
Net Income (Loss)	$	216	$	234	$	217	$	234	$	(36)	NM	NM
Average Assets (in billions)	$	33	$	34	$	35	$	37	$	35	(5%)	6%
Return on Average Assets		2.65%		2.76%		2.46%		2.51%		(0.41%)
Efficiency Ratio		53%		53%		57%		57%		58%

Net Credit Losses as a % of Average Loans		6.98%		6.54%		6.42%		5.91%		6.67%

Revenue by Business
Retail Banking	$	899	$	903	$	851	$	932	$	783	(16%)	(13%)
Citi-Branded Cards		373		417		418		445		416	(7%)	12%
Total	$	1,272	$	1,320	$	1,269	$	1,377	$	1,199	(13%)	(6%)

Net Credit Losses by Business
Retail Banking	$	136	$	123	$	119	$	116	$	130	12%	(4%)
Citi-Branded Cards		160		156		156		143		147	3%	(8%)
Total	$	296	$	279	$	275	$	259	$	277	7%	(6%)

Income from Continuing Operations by Business
Retail Banking	$	161	$	164	$	134	$	141	$	(23)	NM	NM
Citi-Branded Cards		55		70		83		93		(13)	NM	NM
Total	$	216	$	234	$	217	$	234	$	(36)	NM	NM

FX Translation Impact
Total Revenue - as Reported	$	1,272	$	1,320	$	1,269	$	1,377	$	1,199	(13%)	(6%)
Impact of FX Translation (3)		(74)		(73)		(54)		(84)		-
Total Revenues - Ex-FX (3)	$	1,198	$	1,247	$	1,215	$	1,293	$	1,199	(7%)	-

Total Operating Expenses - as Reported	$	673	$	704	$	724	$	782	$	699	(11%)	4%
Impact of FX Translation (3)		(36)		(37)		(30)		(45)		-
Total Operating Expenses - Ex-FX (3)	$	637	$	667	$	694	$	737	$	699	(5%)	10%

Total Provisions for LLR & PBC - as Reported	$	300	$	295	$	254	$	276	$	557	NM	86%
Impact of FX Translation (3)		(19)		(20)		(12)		(18)		-
Total Provisions for LLR & PBC - Ex-FX (3)	$	281	$	275	$	242	$	258	$	557	NM	98%

Net Income (Loss) - as Reported	$	216	$	234	$	217	$	234	$	(36)	NM	NM
Impact of FX Translation (3)		(12)		(12)		(8)		(14)		-
Total Net Income (Loss) - Ex-FX (3)	$	204	$	222	$	209	$	220	$	(36)	NM	NM

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

(2)3Q18 includes an approximate $250 million gain on the sale of an asset management business.

(3)Reflects the impact of foreign currency (FX) translation into U.S. dollars at the 1Q20 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.

GLOBAL CONSUMER BANKING

LATIN AMERICA

Page 2


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		1,464		1,459		1,458		1,419		1,411	(1%)	(4%)
Accounts (in millions)		30.0		30.3		30.3		30.1		29.9	(1%)	-
Average Deposits	$	22.7	$	22.8	$	22.5	$	23.0	$	22.9	-	1%
Investment Sales	$	3.4	$	3.4	$	3.4	$	3.7	$	3.7	-	9%
Investment AUMs	$	30.2	$	30.7	$	31.7	$	33.7	$	26.6	(21%)	(12%)
Average Loans	$	11.5	$	11.5	$	11.4	$	11.6	$	11.1	(4%)	(3%)
EOP Loans:
Mortgages	$	4.1	$	4.2	$	4.2	$	4.4	$	3.5	(20%)	(15%)
Personal, Small Business and Other		7.2		7.2		7.0		7.3		5.7	(22%)	(21%)
Total EOP Loans	$	11.3	$	11.4	$	11.2	$	11.7	$	9.2	(21%)	(19%)

Total Net Interest Revenue (in millions)(1)	$	574	$	578	$	572	$	578	$	548	(5%)	(5%)
As a % of Average Loans (1)		20.24%		20.16%		19.91%		19.77%		19.86%
Net Credit Losses (in millions)	$	136	$	123	$	119	$	116	$	130	12%	(4%)
As a % of Average Loans		4.80%		4.29%		4.14%		3.97%		4.71%
Loans 90+ Days Past Due (in millions)	$	95	$	108	$	97	$	106	$	90	(15%)	(5%)
As a % of EOP Loans		0.84%		0.95%		0.87%		0.91%		0.98%
Loans 30-89 Days Past Due (in millions)	$	185	$	191	$	191	$	180	$	140	(22%)	(24%)
As a % of EOP Loans		1.64%		1.68%		1.71%		1.54%		1.52%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)		5.5		5.4		5.3		5.3		5.2	(2%)	(5%)
Purchase Sales	$	4.4	$	4.7	$	4.7	$	5.4	$	4.0	(26%)	(9%)
Average Loans (2)	$	5.7	$	5.6	$	5.6	$	5.8	$	5.6	(3%)	(2%)
EOP Loans (2)	$	5.6	$	5.7	$	5.5	$	6.0	$	4.5	(25%)	(20%)
Average Yield (3)		23.68%		25.21%		24.97%		24.91%		25.03%	-	6%

Total Net Interest Revenue (in millions) (4)	$	303	$	340	$	341	$	353	$	339	(4%)	12%
As a % of Average Loans (4)		21.56%		24.35%		24.16%		24.15%		24.35%
Net Credit Losses (in millions)	$	160	$	156	$	156	$	143	$	147	3%	(8%)
As a % of Average Loans		11.38%		11.17%		11.05%		9.78%		10.56%
Net Credit Margin (in millions) (5)	$	220	$	268	$	269	$	307	$	274	(11%)	25%
As a % of Average Loans (5)		15.65%		19.20%		19.06%		21.00%		19.68%
Loans 90+ Days Past Due (in millions)	$	165	$	169	$	152	$	165	$	121	(27%)	(27%)
As a % of EOP Loans		2.95%		2.96%		2.76%		2.75%		2.69%
Loans 30-89 Days Past Due (in millions)	$	161	$	159	$	161	$	159	$	132	(17%)	(18%)
As a % of EOP Loans		2.88%		2.79%		2.93%		2.65%		2.93%

(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.

GLOBAL CONSUMER BANKING

ASIA (1)

PAGE 1

(In millions of dollars, except as otherwise noted)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19

Net Interest Revenue	$	1,166	$	1,170	$	1,173	$	1,188	$	1,149	(3%)	(1%)
Non-Interest Revenue		652		677		668		641		602	(6%)	(8%)
Total Revenues, Net of Interest Expense		1,818		1,847		1,841		1,829		1,751	(4%)	(4%)
Total Operating Expenses		1,171		1,146		1,133		1,141		1,133	(1%)	(3%)
Net Credit Losses		164		174		177		175		180	3%	10%
Credit Reserve Build / (Release)		(20)		10		2		16		202	NM	NM
Provision for Unfunded Lending Commitments		-		-		-		-		-	-	-
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		-		-		-		-		-	-	-
Provisions for Credit Losses and for Benefits and Claims (LLR & PBC)		144		184		179		191		382	100%	NM
Income from Continuing Operations before Taxes		503		517		529		497		236	(53%)	(53%)
Income Taxes		106		113		127		123		45	(63%)	(58%)
Income from Continuing Operations		397		404		402		374		191	(49%)	(52%)
Noncontrolling Interests		-		1		2		3		(1)	NM	(100%)
Net Income	$	397	$	403	$	400	$	371	$	192	(48%)	(52%)
Average Assets (in billions)	$	121	$	121	$	122	$	125	$	125	-	3%
Return on Average Assets		1.33%		1.34%		1.30%		1.18%		0.62%
Efficiency Ratio		64%		62%		62%		62%		65%

Net Credit Losses as a % of Average Loans		0.85%		0.90%		0.90%		0.86%		0.90%

Revenue by Business
Retail Banking	$	1,076	$	1,140	$	1,135	$	1,084	$	1,133	5%	5%
Citi-Branded Cards		742		707		706		745		618	(17%)	(17%)
Total	$	1,818	$	1,847	$	1,841	$	1,829	$	1,751	(4%)	(4%)

Net Credit Losses by Business
Retail Banking	$	58	$	62	$	66	$	69	$	68	(1%)	17%
Citi-Branded Cards		106		112		111		106		112	6%	6%
Total	$	164	$	174	$	177	$	175	$	180	3%	10%

Income from Continuing Operations by Business
Retail Banking	$	227	$	297	$	291	$	231	$	216	(6%)	(5%)
Citi-Branded Cards		170		107		111		143		(25)	NM	NM
Total	$	397	$	404	$	402	$	374	$	191	(49%)	(52%)

FX Translation Impact
Total Revenue - as Reported	$	1,818	$	1,847	$	1,841	$	1,829	$	1,751	(4%)	(4%)
Impact of FX Translation (2)		(41)		(31)		(18)		(36)		-
Total Revenues - Ex-FX (2)	$	1,777	$	1,816	$	1,823	$	1,793	$	1,751	(2%)	(1%)

Total Operating Expenses - as Reported	$	1,171	$	1,146	$	1,133	$	1,141	$	1,133	(1%)	(3%)
Impact of FX Translation (2)		(30)		(19)		(8)		(22)		-
Total Operating Expenses - Ex-FX (2)	$	1,141	$	1,127	$	1,125	$	1,119	$	1,133	1%	(1%)

Provisions for LLR & PBC - as Reported	$	144	$	184	$	179	$	191	$	382	100%	NM
Impact of FX Translation (2)		(7)		(5)		(4)		(4)		-
Total Provisions for LLR & PBC - Ex-FX (2)	$	137	$	179	$	175	$	187	$	382	NM	NM

Net Income - as Reported	$	397	$	403	$	400	$	371	$	192	(48%)	(52%)
Impact of FX Translation (2)		(3)		(4)		(4)		(7)		-
Total Net Income - Ex-FX (2)	$	394	$	399	$	396	$	364	$	192	(47%)	(51%)

(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 1Q20 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.

GLOBAL CONSUMER BANKING

ASIA (1)

PAGE 2


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		251		252		249		242		236	(2%)	(6%)
Accounts (in millions)		15.9		16.1		16.4		16.7		16.9	1%	6%
Average Deposits	$	99.4	$	100.8	$	100.7	$	103.4	$	105.9	2%	7%
Investment Sales	$	8.9	$	9.8	$	10.9	$	9.2	$	13.5	47%	52%
Investment AUMs	$	64.0	$	65.4	$	65.4	$	68.9	$	56.0	(19%)	(13%)
Average Loans	$	58.8	$	58.8	$	59.5	$	61.6	$	61.5	-	5%
EOP Loans:
Mortgages	$	32.0	$	32.4	$	32.5	$	33.2	$	31.9	(4%)	-
Personal, Small Business and Other		27.1		27.7		27.8		29.6		28.3	(4%)	4%
Total EOP Loans	$	59.1	$	60.1	$	60.3	$	62.8	$	60.2	(4%)	2%

Total Net Interest Revenue (in millions)(2)	$	676	$	682	$	676	$	673	$	658	(2%)	(3%)
As a % of Average Loans (2)		4.66%		4.65%		4.51%		4.33%		4.30%
Net Credit Losses (in millions)	$	58	$	62	$	66	$	69	$	68	(1%)	17%
As a % of Average Loans		0.40%		0.42%		0.44%		0.44%		0.44%
Loans 90+ Days Past Due (in millions)	$	167	$	175	$	170	$	186	$	178	(4%)	7%
As a % of EOP Loans		0.28%		0.29%		0.28%		0.30%		0.30%
Loans 30-89 Days Past Due (in millions)	$	296	$	299	$	299	$	302	$	356	18%	20%
As a % of EOP Loans		0.50%		0.50%		0.50%		0.48%		0.59%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP Open Accounts (in millions)		15.2		15.2		15.2		15.2		15.2	-	-
Purchase Sales	$	21.4	$	21.6	$	21.9	$	23.4	$	19.8	(15%)	(7%)
Average Loans (3)	$	19.1	$	18.9	$	18.8	$	19.3	$	18.8	(3%)	(2%)
EOP Loans (3)	$	18.8	$	19.2	$	18.8	$	19.9	$	17.3	(13%)	(8%)
Average Yield (4)		12.42%		12.33%		12.39%		12.42%		12.37%	-	-

Total Net Interest Revenue (in millions)(5)	$	490	$	488	$	497	$	515	$	491	(5%)	-
As a % of Average Loans(6)		10.40%		10.36%		10.49%		10.59%		10.50%
Net Credit Losses (in millions)	$	106	$	112	$	111	$	106	$	112	6%	6%
As a % of Average Loans		2.25%		2.38%		2.34%		2.18%		2.40%
Net Credit Margin (in millions)(6)	$	636	$	595	$	595	$	639	$	506	(21%)	(20%)
As a % of Average Loans(6)		13.50%		12.63%		12.56%		13.14%		10.83%
Loans 90+ Days Past Due	$	200	$	202	$	196	$	207	$	204	(1%)	2%
As a % of EOP Loans		1.06%		1.05%		1.04%		1.04%		1.18%
Loans 30-89 Days Past Due	$	256	$	257	$	249	$	267	$	271	1%	6%
As a % of EOP Loans		1.36%		1.34%		1.32%		1.34%		1.57%

(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.

INSTITUTIONAL CLIENTS GROUP

(In millions of dollars, except as otherwise noted)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19

Commissions and Fees	$	1,154	$	1,079	$	1,126	$	1,103	$	1,222	11%	6%
Administration and Other Fiduciary Fees		683		709		707		657		691	5%	1%
Investment Banking		1,113		1,101		1,045		1,181		1,231	4%	11%
Principal Transactions		2,638		1,936		2,583		1,405		5,359	NM	NM
Other (1)		280		721		319		509		(114)	NM	NM
Total Non-Interest Revenue		5,868		5,546		5,780		4,855		8,389	73%	43%
Net Interest Revenue (including Dividends)		4,150		4,509		4,071		4,522		4,095	(9%)	(1%)
Total Revenues, Net of Interest Expense		10,018		10,055		9,851		9,377		12,484	33%	25%
Total Operating Expenses		5,619		5,548		5,611		5,446		5,810	7%	3%
Net Credit Losses		78		91		110		115		127	10%	63%
Credit Reserve Build / (Release)		(74)		52		36		57		1,316	NM	NM
Provision for Unfunded Lending Commitments		28		(11)		7		74		553	NM	NM
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		-		-		-		-		8	NM	NM
Provisions for Credit Losses and for Benefits and Claims		32		132		153		246		2,004	NM	NM
Income from Continuing Operations before Taxes		4,367		4,375		4,087		3,685		4,670	27%	7%
Income Taxes		955		950		858		807		1,044	29%	9%
Income from Continuing Operations		3,412		3,425		3,229		2,878		3,626	26%	6%
Noncontrolling Interests		11		10		8		11		(1)	NM	NM
Net Income	$	3,401	$	3,415	$	3,221	$	2,867	$	3,627	27%	7%
EOP Assets (in billions)	$	1,472	$	1,501	$	1,525	$	1,447	$	1,723	19%	17%
Average Assets (in billions)		1,460		1,497		1,511		1,503		1,580	5%	8%
Return on Average Assets (ROA)		0.94%		0.91%		0.85%		0.76%		0.92%
Efficiency Ratio		56%		55%		57%		58%		47%

Revenue by Region
North America	$	3,269	$	3,632	$	3,244	$	3,314	$	4,947	49%	51%
EMEA		3,170		2,960		3,138		2,738		3,470	27%	9%
Latin America		1,268		1,307		1,294		1,297		1,418	9%	12%
Asia		2,311		2,156		2,175		2,028		2,649	31%	15%
Total Revenues, net of Interest Expense	$	10,018	$	10,055	$	9,851	$	9,377	$	12,484	33%	25%

Income (loss) from Continuing Operations by Region
North America	$	748	$	1,050	$	818	$	895	$	896	-	20%
EMEA		1,125		1,005		1,060		677		1,035	53%	(8%)
Latin America		540		519		487		565		526	(7%)	(3%)
Asia		999		851		864		741		1,169	58%	17%
Income from Continuing Operations	$	3,412	$	3,425	$	3,229	$	2,878	$	3,626	26%	6%

Average Loans by Region (in billions)
North America	$	185	$	188	$	189	$	191	$	196	3%	6%
EMEA		84		85		88		89		88	(1%)	5%
Latin America		42		41		39		38		38	-	(10%)
Asia		74		73		73		73		73	-	(1%)
Total	$	385	$	387	$	389	$	391	$	395	1%	3%

EOP Deposits by Region (in billions)
North America	$	349	$	356	$	393	$	375	$	444	19%	28%
EMEA		197		196		195		190		210	11%	7%
Latin America		34		34		34		36		36	-	6%
Asia		159		166		173		167		188	12%	18%
Total	$	739	$	752	$	795	$	768	$	878	14%	19%

EOP Deposits by Business (in billions)
Treasury and Trade Solutions	$	512	$	525	$	548	$	536	$	621	16%	21%
All Other ICG Businesses		227		227		247		232		257	11%	13%
Total	$	739	$	752	$	795	$	768	$	878	14%	19%

(1)

2Q19 includes a $355 million gain on Citi's investment in Tradeweb.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

INSTITUTIONAL CLIENTS GROUP

REVENUES BY BUSINESS

(In millions of dollars, except as otherwise noted)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19
Revenue Details
Investment Banking
Advisory	$	378	$	232	$	276	$	373	$	386	3%	2%
Equity Underwriting		172		314		247		240		180	(25%)	5%
Debt Underwriting		804		737		705		738		784	6%	(2%)
Total Investment Banking		1,354		1,283		1,228		1,351		1,350	-	-
Treasury and Trade Solutions		2,539		2,587		2,559		2,608		2,423	(7%)	(5%)
Corporate Lending - Excluding Gain/(Loss) on Loan Hedges		749		725		715		732		448	(39%)	(40%)
Private Bank		880		866		865		847		949	12%	8%
Total Banking Revenues (Ex-Gain/(Loss) on Loan Hedges)(1)	$	5,522	$	5,461	$	5,367	$	5,538	$	5,170	(7%)	(6%)

Corporate Lending - Gain/(Loss) on Loan Hedges(1)		(231)		(75)		(33)		(93)		816	NM	NM
Total Banking Revenues including G/(L) on Loan Hedges(1)	$	5,291	$	5,386	$	5,334	$	5,445	$	5,986	10%	13%

Fixed Income Markets	$	3,452	$	3,323	$	3,211	$	2,898	$	4,790	65%	39%
Equity Markets		842		790		760		516		1,169	NM	39%
Securities Services		638		682		664		647		645	-	1%
Other		(205)		(126)		(118)		(129)		(106)	18%	48%
Total Markets and Securities Services	$	4,727	$	4,669	$	4,517	$	3,932	$	6,498	65%	37%

Total Revenues, net of Interest Expense	$	10,018	$	10,055	$	9,851	$	9,377	$	12,484	33%	25%

Taxable-equivalent adjustments (2)	$	104	$	105	$	122	$	117	$	86	(26%)	(17%)

Total ICG Revenues including taxable-equivalent adjustments(2)	$	10,122	$	10,160	$	9,973	$	9,494	$	12,570	32%	24%

Commissions and Fees	$	174	$	198	$	194	$	216	$	189	(13%)	9%
Principal Transactions (3)		2,377		1,870		2,080		1,334		3,549	NM	49%
Other (4)		150		533		183		251		(59)	NM	NM
Total Non-Interest Revenue	$	2,701	$	2,601	$	2,457	$	1,801	$	3,679	NM	36%
Net Interest Revenue		751		722		754		1,097		1,111	1%	48%
Total Fixed Income Markets	$	3,452	$	3,323	$	3,211	$	2,898	$	4,790	65%	39%

Rates and Currencies	$	2,402	$	2,118	$	2,491	$	2,214	$	4,038	82%	68%
Spread Products / Other Fixed Income		1,050		1,205		720		684		752	10%	(28%)
Total Fixed Income Markets	$	3,452	$	3,323	$	3,211	$	2,898	$	4,790	65%	39%

Commissions and Fees	$	293	$	274	$	287	$	267	$	362	36%	24%
Principal Transactions (3)		396		7		388		(16)		774	NM	95%
Other		7		10		2		153		8	(95%)	14%
Total Non-Interest Revenue	$	696	$	291	$	677	$	404	$	1,144	NM	64%
Net Interest Revenue		146		499		83		112		25	(78%)	(83%)
Total Equity Markets	$	842	$	790	$	760	$	516	$	1,169	NM	39%

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

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

(4)2Q19 includes a $355 million gain on Citi's investment in Tradeweb.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

CORPORATE / OTHER (1)

(In millions of dollars, except as otherwise noted)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19
Net Interest Revenue	$	669	$	484	$	443	$	294	$	325	11%	(51%)
Non-interest revenue		(201)		86		(9)		248		(252)	NM	(25%)
Total Revenues, Net of Interest Expense		468		570		434		542		73	(87%)	(84%)
Total Operating Expenses		549		481		485		635		416	(34%)	(24%)
Net Credit Losses		2		2		1		(13)		(2)	85%	NM
Credit Reserve Build / (Release)		(26)		(20)		(16)		2		191	NM	NM
Provisions for Benefits and Claims, HTM Debt Securities and Other Assets		-		-		-		-		(2)	NM	NM
Provision for Unfunded Lending Commitments		(1)		(4)		-		(2)		5	NM	NM
Total provisions for credit losses and for benefits and claims		(25)		(22)		(15)		(13)		192	NM	NM
Income from Continuing Operations before Taxes		(56)		111		(36)		(80)		(535)	NM	NM
Income Taxes (Benefits) (2)(3)(4)		(61)		45		(247)		(623)		(198)	68%	NM
Income (Loss) from Continuing Operations		5		66		211		543		(337)	NM	NM
Income (Loss) from Discontinued Operations, net of taxes		(2)		17		(15)		(4)		(18)	NM	NM
Noncontrolling Interests		14		(1)		5		2		(4)	NM	NM
Net Income (Loss)	$	(11)	$	84	$	191	$	537	$	(351)	NM	NM
EOP Assets (in billions)	$	107	$	97	$	96	$	97	$	94	(3%)	(12%)
Average Assets (in billions)		99		98		97		95		94	(1%)	(5%)
Return on Average Assets		(0.05%)		0.34%		0.78%		2.24%		(1.50%)
Efficiency Ratio		117%		84%		112%		117%		570%


Consumer - North America - Key Indicators

Average Loans (in billions of dollars)	$	13.6	$	12.3	$	11.2	$	10.4	$	9.4	(10%)	(31%)
EOP Loans (in billions of dollars)		12.6		12.0		11.0		10.0		9.1	(9%)	(28%)
Net Interest Revenue		104		81		75		77		74	(4%)	(29%)
As a % of Average Loans		3.10%		2.64%		2.66%		2.94%		3.17%
Net Credit Losses (Recoveries)	$	1	$	4	$	1	$	(12)	$	-	100%	(100%)
As a % of Average Loans		0.03%		0.13%		0.04%		(0.46%)		0.00%
Loans 90+ Days Past Due (4)	$	354	$	327	$	293	$	278	$	281	1%	(21%)
As a % of EOP Loans		2.97%		2.97%		2.82%		3.02%		3.23%
Loans 30-89 Days Past Due (4)	$	348	$	334	$	288	$	295	$	252	(15%)	(28%)
As a % of EOP Loans		2.92%		3.04%		2.77%		3.21%		2.90%

(1)

Includes certain unallocated costs of global staff functions (including finance, risk, human resources, legal and compliance), other corporate expenses and unallocated global operations and technology expenses and income taxes, as well as Corporate Treasury, certain North America legacy consumer loan portfolios, other legacy assets and discontinued operations.

(2)

4Q19 includes discrete tax items of roughly $540 million, including an approximate $430 million benefit of a reduction in Citi’s valuation allowance related to its Deferred Tax Assets (DTAs).

(3)

3Q19 includes discrete tax items of roughly $230 million, including an approximate $180 million benefit of a reduction in Citi’s valuation allowance related to its DTAs.

(4)

The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) for each period were $309 million and ($0.7 billion), $273 million and ($0.7 billion), $249 million and ($0.6 billion), $172 million and ($0.4 billion), and $167 million and ($0.4 billion) as of March 31, 2019, June 30, 2019, September 30, 2019, December 31, 2019, and March 31, 2020, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $118 million and ($0.7 billion), $124 million and ($0.7 billion), and $110 million and ($0.6 billion), $55 million and ($0.4 billion), and $58 million and ($0.4 billion) as of March 31, 2019, June 30, 2019, September 30, 2019, December 31, 2019, and March 31, 2020, respectively.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

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

Taxable Equivalent Basis


	Average Volumes						Interest						% Average Rate (4)
	First		Fourth		First		First		Fourth		First		First		Fourth		First
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2019		2019		2020(5)		2019		2019		2020(5)		2019		2019		2020(5)
Assets
Deposits with Banks	$	171,369	$	195,268	$	207,130	$	607	$	603	$	527	1.44	%	1.23	%	1.02	%
Securities Borrowed and Purchased under Resale Agreements(6)		275,639		256,022		268,900		1,790		1,451		1,208	2.63	%	2.25	%	1.81	%
Trading Account Assets(7)		220,577		243,597		252,458		1,692		1,957		1,594	3.11	%	3.19	%	2.54	%
Investments		351,008		367,733		381,335		2,578		2,421		2,305	2.98	%	2.61	%	2.43	%
Total Loans (net of Unearned Income)(8)		679,209		692,631		694,675		11,990		11,828		11,268	7.16	%	6.78	%	6.52	%
Other Interest-Earning Assets		66,925		58,609		68,737		483		333		283	2.93	%	2.25	%	1.66	%
Total Average Interest-Earning Assets	$	1,764,727	$	1,813,860	$	1,873,235	$	19,140	$	18,593	$	17,185	4.40	%	4.07	%	3.69	%

Liabilities
Deposits (Excluding Deposit Insurance and FDIC Assessment)	$	839,389	$	911,039	$	934,451	$	2,834	$	2,753	$	2,389	1.37	%	1.20	%	1.03	%
Deposit Insurance and FDIC Assessment		-		-		-		193		200		225
Total Deposits		839,389		911,039		934,451		3,027		2,953		2,614	1.46	%	1.29	%	1.13	%
Securities Loaned and Sold under Repurchase Agreements(6)		183,937		188,153		198,510		1,589		1,320		1,085	3.50	%	2.78	%	2.20	%
Trading Account Liabilities(7)		95,290		78,920		84,500		327		316		239	1.39	%	1.59	%	1.14	%
Short-Term Borrowings		99,180		97,079		106,560		652		489		384	2.67	%	2.00	%	1.45	%
Long-Term Debt(9)		196,963		197,972		202,192		1,722		1,470		1,325	3.55	%	2.95	%	2.64	%
Total Average Interest-Bearing Liabilities	$	1,414,759	$	1,473,163	$	1,526,213	$	7,317	$	6,548	$	5,647	2.10	%	1.76	%	1.49	%

Total Average Interest-Bearing Liabilities (Excluding Deposit Insurance and FDIC Assessment)	$	1,414,759	$	1,473,163	$	1,526,213	$	7,124	$	6,348	$	5,422	2.04	%	1.71	%	1.43	%

Net Interest Revenue as a % of Average Interest-Earning Assets (NIM)							$	11,823	$	12,045	$	11,538	2.72	%	2.63	%	2.48	%

NIR as a % of Average Interest-Earning Assets (NIM) (excluding deposit insurance and FDIC Assessment)							$	12,016	$	12,245	$	11,763	2.76	%	2.68	%	2.53	%

1Q20 Increase (Decrease) from:													(24)	bps	(15)	bps

1Q20 Increase (Decrease) (Excluding Deposit Insurance and FDIC Assessment) from:													(23)	bps	(15)	bps

(1)Interest Revenue includes the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 21%) of $64 million for 1Q19, $48 million for 4Q19 and $46 million for 1Q20.

(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 percentage is calculated as annualized interest over average volumes.

(5)First quarter of 2020 is 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 in fair value recorded in Principal transactions.

Reclassified to conform to the current period's presentation.

DEPOSITS

(In billions of dollars)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19
Global Consumer Banking
North America	$	154.1	$	153.0	$	155.8	$	160.5	$	166.4	4%	8%
Latin America		22.5		22.9		21.8		23.8		19.8	(17%)	(12%)
Asia (1)		101.8		102.7		102.3		106.7		107.8	1%	6%
Total		278.4		278.6		279.9		291.0		294.0	1%	6%

ICG
North America		348.5		355.9		393.2		374.2		444.6	19%	28%
EMEA		196.7		195.9		194.7		189.9		210.0	11%	7%
Latin America		34.1		34.0		34.3		36.2		36.1	-	6%
Asia		159.3		166.2		172.7		167.4		187.6	12%	18%
Total		738.6		752.0		794.9		767.7		878.3	14%	19%

Corporate/Other		13.4		15.0		13.0		11.9		12.6	6%	(6%)

Total Deposits - EOP	$	1,030.4	$	1,045.6	$	1,087.8	$	1,070.6	$	1,184.9	11%	15%

Total Deposits - Average	$	1,017.1	$	1,039.9	$	1,066.3	$	1,089.5	$	1,114.5	2%	10%

Foreign Currency (FX) Translation Impact
Total EOP Deposits - as Reported	$	1,030.4	$	1,045.6	$	1,087.8	$	1,070.6	$	1,184.9	11%	15%
Impact of FX Translation (2)		(21.3)		(22.3)		(12.7)		(22.8)		-
Total EOP Deposits - Ex-FX (2)	$	1,009.1	$	1,023.3	$	1,075.1	$	1,047.8	$	1,184.9	13%	17%

(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 first quarter of 2020 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.

EOP LOANS

(In billions of dollars)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19
Global Consumer Banking

North America
Credit Cards	$	135.9	$	140.2	$	141.5	$	149.2	$	137.3	(8%)	1%
Retail Banking		47.7		48.2		49.1		50.3		50.8	1%	6%
Total		183.6		188.4		190.6		199.5		188.1	(6%)	2%

Latin America
Credit Cards		5.6		5.7		5.5		6.0		4.5	(25%)	(20%)
Retail Banking		11.3		11.4		11.2		11.7		9.2	(21%)	(19%)
Total		16.9		17.1		16.7		17.7		13.7	(23%)	(19%)

Asia (1)
Credit Cards		18.8		19.2		18.8		19.9		17.3	(13%)	(8%)
Retail Banking		59.1		60.1		60.3		62.8		60.2	(4%)	2%
Total		77.9		79.3		79.1		82.7		77.5	(6%)	(1%)

Total GCB Consumer Loans
Credit Cards		160.3		165.1		165.8		175.1		159.1	(9%)	(1%)
Retail Banking		118.1		119.7		120.6		124.8		120.2	(4%)	2%
Total GCB		278.4		284.8		286.4		299.9		279.3	(7%)	-


Total Corporate/Other - Consumer		12.6		11.7		11.0		9.6		9.1	(5%)	(28%)
Total Consumer Loans	$	291.0	$	296.5	$	297.4	$	309.5	$	288.4	(7%)	(1%)

Corporate Loans - by Region
North America	$	190.5	$	191.4	$	190.9	$	190.9	$	223.5	17%	17%
EMEA		86.0		87.8		91.9		87.4		93.8	7%	9%
Latin America		41.2		40.2		38.1		39.1		41.3	6%	-
Asia		73.7		72.8		73.4		72.5		74.0	2%	-
Total Corporate Loans		391.4		392.2		394.3		389.9		432.6	11%	11%

Corporate Loans - by Product
Corporate Lending		162.0		159.6		156.9		152.6		192.2	26%	19%
Private Bank		99.6		102.6		105.3		109.0		112.0	3%	12%
Treasury and Trade Solutions		77.5		77.2		76.7		74.7		75.5	1%	(3%)
Markets and Securities Services		52.3		52.8		55.4		53.6		52.9	(1%)	1%
Total Corporate Loans		391.4		392.2		394.3		389.9		432.6	11%	11%

Total Loans	$	682.3	$	688.7	$	691.7	$	699.5	$	721.0	3%	6%

Foreign Currency (FX) Translation Impact
Total EOP Loans - as Reported	$	682.3	$	688.7	$	691.7	$	699.5	$	721.0	3%	6%
Impact of FX Translation (2)		(14.6)		(14.8)		(8.8)		(15.5)		-
Total EOP Loans - Ex-FX (2)	$	667.7	$	673.9	$	682.9	$	684.0	$	721.0	5%	8%

(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 first quarter of 2020 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.

SUPPLEMENTAL DETAIL

CONSUMER LOANS 90+ DAYS DELINQUENCIES AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions of dollars)


	Loans 90+ Days Past Due (1)										EOP Loans
		1Q		2Q		3Q		4Q		1Q	1Q
		2019		2019		2019		2019		2020	2020
Global Consumer Banking(2)
Total	$	2,505	$	2,426	$	2,470	$	2,737	$	2,603	$	279.3
Ratio		0.90%		0.85%		0.86%		0.91%		0.93%

Retail Banking(2)
Total	$	394	$	416	$	392	$	438	$	429	$	120.2
Ratio		0.34%		0.35%		0.33%		0.35%		0.36%
North America(2)	$	132	$	133	$	125	$	146	$	161	$	50.8
Ratio		0.28%		0.28%		0.26%		0.29%		0.32%
Latin America	$	95	$	108	$	97	$	106	$	90	$	9.2
Ratio		0.84%		0.95%		0.87%		0.91%		0.98%
Asia(3)	$	167	$	175	$	170	$	186	$	178	$	60.2
Ratio		0.28%		0.29%		0.28%		0.30%		0.30%

Cards
Total	$	2,111	$	2,010	$	2,078	$	2,299	$	2,174	$	159.1
Ratio		1.32%		1.22%		1.25%		1.31%		1.37%
North America - Citi-Branded	$	828	$	799	$	807	$	915	$	891	$	88.4
Ratio		0.95%		0.88%		0.88%		0.95%		1.01%
North America - Retail Services	$	918	$	840	$	923	$	1,012	$	958	$	48.9
Ratio		1.88%		1.69%		1.85%		1.91%		1.96%
Latin America	$	165	$	169	$	152	$	165	$	121	$	4.5
Ratio		2.95%		2.96%		2.76%		2.75%		2.69%
Asia(3)	$	200	$	202	$	196	$	207	$	204	$	17.3
Ratio		1.06%		1.05%		1.04%		1.04%		1.18%

Corporate/Other - Consumer(2)	$	354	$	327	$	293	$	278	$	281	$	9.1
Ratio		2.97%		2.97%		2.82%		3.02%		3.23%

Total Citigroup(2)	$	2,859	$	2,753	$	2,763	$	3,015	$	2,884	$	288.4
Ratio		0.99%		0.93%		0.93%		0.98%		1.00%

(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 17.

(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.

SUPPLEMENTAL DETAIL

CONSUMER LOANS 30-89 DAYS DELINQUENCIES 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
	1Q		2Q		3Q		4Q		1Q		1Q
	2019		2019		2019		2019		2020		2020

Global Consumer Banking(2)
Total	$	2,751	$	2,783	$	2,956	$	3,001	$	2,870	$	279.3
Ratio		0.99%		0.98%		1.03%		1.00%		1.03%

Retail Banking(2)
Total	$	744	$	831	$	803	$	816	$	794	$	120.2
Ratio		0.63%		0.70%		0.67%		0.66%		0.66%
North America(2)	$	263	$	341	$	313	$	334	$	298	$	50.8
Ratio		0.56%		0.72%		0.65%		0.67%		0.59%
Latin America	$	185	$	191	$	191	$	180	$	140	$	9.2
Ratio		1.64%		1.68%		1.71%		1.54%		1.52%
Asia (3)	$	296	$	299	$	299	$	302	$	356	$	60.2
Ratio		0.50%		0.50%		0.50%		0.48%		0.59%

Cards
Total	$	2,007	$	1,952	$	2,153	$	2,185	$	2,076	$	159.1
Ratio		1.25%		1.18%		1.30%		1.25%		1.30%
North America - Citi-Branded	$	731	$	705	$	800	$	814	$	770	$	88.4
Ratio		0.84%		0.78%		0.87%		0.85%		0.87%
North America - Retail Services	$	859	$	831	$	943	$	945	$	903	$	48.9
Ratio		1.76%		1.68%		1.89%		1.79%		1.85%
Latin America	$	161	$	159	$	161	$	159	$	132	$	4.5
Ratio		2.88%		2.79%		2.93%		2.65%		2.93%
Asia (3)	$	256	$	257	$	249	$	267	$	271	$	17.3
Ratio		1.36%		1.34%		1.32%		1.34%		1.57%

Corporate/Other - Consumer(2)	$	348	$	334	$	288	$	295	$	252	$	9.1
Ratio		2.92%		3.04%		2.77%		3.21%		2.90%

Total Citigroup(2)	$	3,099	$	3,117	$	3,244	$	3,296	$	3,122	$	288.4
Ratio		1.07%		1.05%		1.10%		1.07%		1.09%

(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 17.

(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.

ALLOWANCE FOR CREDIT LOSSES ON LOANS AND UNFUNDED LENDING COMMITMENTS Page 1

(In millions of dollars)


																1Q20 Increase/
	1Q			2Q			3Q			4Q			1Q			(Decrease) from
	2019			2019			2019			2019			2020			4Q19	1Q19

Total Citigroup
Allowance for Loan Losses at Beginning of Period(1)	$	12,315		$	12,329		$	12,466		$	12,530		$	12,783
Adjustment to Opening Balance for CECL Adoption(1)		-			-			-			-			4,201		NM	NM
Adjusted Balance, Beginning of Period		12,315			12,329			12,466			12,530			16,984		36%	38%

Gross Credit (Losses)		(2,345)			(2,354)			(2,281)			(2,361)			(2,479)		(5%)	(6%)
Gross Recoveries		397			391			368			417			371		(11%)	(7%)
Net Credit (Losses) / Recoveries (NCLs)		(1,948)			(1,963)			(1,913)			(1,944)			(2,108)		8%	8%
NCLs		1,948			1,963			1,913			1,944			2,108		8%	8%
Net Reserve Builds / (Releases)		67			53			132			112			4,112		NM	NM
Net Specific Reserve Builds / (Releases)		(71)			73			17			67			224		NM	NM
Provision for Loan Losses		1,944			2,089			2,062			2,123			6,444		NM	NM
Other(2)(3)(4)(5)(6)(7)		18			11			(85)			74			(479)		NM	NM
Allowance for Loan Losses at End of Period(1) (a)	$	12,329		$	12,466		$	12,530		$	12,783		$	20,841

Allowance for Unfunded Lending Commitments(8) (a)	$	1,391		$	1,376		$	1,385		$	1,456		$	1,813

Provision (Release) for Unfunded Lending Commitments	$	24		$	(15)		$	9		$	74		$	557

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (a)]	$	13,720		$	13,842		$	13,915		$	14,239		$	22,654

Total Allowance for Loan Losses as a Percentage of Total Loans(9)		1.82	%		1.82	%		1.82	%		1.84	%		2.91	%

Consumer
Allowance for Loan Losses at Beginning of Period(1)	$	9,504		$	9,598		$	9,679		$	9,727		$	9,897
Adjustment to Opening Balance for CECL Adoption(1)		-			-			-			-			4,922		NM	NM
Adjusted Balance, Beginning of Period		9,504			9,598			9,679			9,727			14,819		52%	56%

Net Credit Losses (NCLs)		(1,869)			(1,874)			(1,803)			(1,830)			(1,981)		8%	6%
NCLs		1,869			1,874			1,803			1,830			1,981		8%	6%
Net Reserve Builds / (Releases)		63			3			95			107			2,844		NM	NM
Net Specific Reserve Builds / (Releases)		8			70			18			11			176		NM	NM
Provision for Loan Losses		1,940			1,947			1,916			1,948			5,001		NM	NM
Other(2)(3)(4)(5)(6)(7)		23			8			(65)			52			(449)		NM	NM
Allowance for Loan Losses at End of Period(1) (b)	$	9,598		$	9,679		$	9,727		$	9,897		$	17,390

Consumer Allowance for Unfunded Lending Commitments(8) (b)	$	-		$	-		$	2		$	4		$	-

Provision (Release) for Unfunded Lending Commitments	$	(3)		$	-		$	2		$	2		$	(1)

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (b)]	$	9,598		$	9,679		$	9,729		$	9,901		$	17,390

Consumer Allowance for Loan Losses as a Percentage of Total Consumer Loans		3.30	%		3.26	%		3.27	%		3.20	%		6.03	%

Corporate
Allowance for Loan Losses at Beginning of Period(1)	$	2,811		$	2,731		$	2,787		$	2,803		$	2,886
Adjustment to Opening Balance for CECL Adoption(1)		-			-			-			-			(721)		NM	NM
Adjusted Balance, Beginning of Period		2,811			2,731			2,787			2,803			2,165		(23%)	(23%)

Net Credit (Losses) / Recoveries (NCLs)		(79)			(89)			(110)			(114)			(127)		11%	61%
NCLs		79			89			110			114			127		11%	61%
Net Reserve Builds / (Releases)		4			50			37			5			1,268		NM	NM
Net Specific Reserve Builds / (Releases)		(79)			3			(1)			56			48		(14%)	NM
Provision for Loan Losses		4			142			146			175			1,443		NM	NM
Other(2)		(5)			3			(20)			22			(30)
Allowance for Loan Losses at End of Period(1) (c)	$	2,731		$	2,787		$	2,803		$	2,886		$	3,451

Corporate Allowance for Unfunded Lending Commitments(8) (c)	$	1,391		$	1,376		$	1,383		$	1,452		$	1,813

Provision (Release) for Unfunded Lending Commitments	$	27		$	(15)		$	7		$	72		$	558

Total Allowance for Loans, Leases and Unfunded Lending Commitments [Sum of (c)]	$	4,122		$	4,163		$	4,186		$	4,338		$	5,264

Corporate Allowance for Loan Losses as a Percentage of Total Corporate Loans(9)		0.70	%		0.72	%		0.72	%		0.75	%		0.81	%

Footnotes to these tables are on the following page (page 24).

COMPONENTS OF PROVISION FOR LOAN LOSSES

(In millions of dollars)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19

Global Consumer Banking
Net Credit Losses	$	1,868	$	1,870	$	1,802	$	1,842	$	1,983	8%	6%
Credit Reserve Build / (Release)		96		94		129		120		2,829	NM	NM
North America
Net Credit Losses		1,408		1,417		1,350		1,408		1,526	8%	8%
Credit Reserve Build / (Release)		118		81		161		109		2,362	NM	NM
Retail Banking
Net Credit Losses		39		40		40		42		37	(12%)	(5%)
Credit Reserve Build / (Release)		(3)		(4)		(1)		(2)		178	NM	NM
Citi-Branded Cards
Net Credit Losses		706		723		712		723		795	10%	13%
Credit Reserve Build / (Release)		76		64		141		115		1,294	NM	NM
Citi Retail Services
Net Credit Losses		663		654		598		643		694	8%	5%
Credit Reserve Build / (Release)		45		21		21		(4)		890	NM	NM
Latin America
Net Credit Losses		296		279		275		259		277	7%	(6%)
Credit Reserve Build / (Release)		(2)		3		(34)		(5)		265	NM	NM
Retail Banking
Net Credit Losses		136		123		119		116		130	12%	(4%)
Credit Reserve Build / (Release)		1		(14)		(28)		(22)		122	NM	NM
Citi-Branded Cards
Net Credit Losses		160		156		156		143		147	3%	(8%)
Credit Reserve Build / (Release)		(3)		17		(6)		17		143	NM	NM
Asia (1)
Net Credit Losses		164		174		177		175		180	3%	10%
Credit Reserve Build / (Release)		(20)		10		2		16		202	NM	NM
Retail Banking
Net Credit Losses		58		62		66		69		68	(1%)	17%
Credit Reserve Build / (Release)		4		3		5		7		107	NM	NM
Citi-Branded Cards
Net Credit Losses		106		112		111		106		112	6%	6%
Credit Reserve Build / (Release)		(24)		7		(3)		9		95	NM	NM

Institutional Clients Group (ICG)
Net Credit Losses		78		91		110		115		127	10%	63%
Credit Reserve Build / (Release)		(74)		52		36		57		1,316	NM	NM

Corporate / Other
Net Credit Losses		2		2		1		(13)		(2)	85%	NM
Credit Reserve Build / (Release)		(26)		(20)		(16)		2		191	NM	NM

Total Provision for Loan Losses	$	1,944	$	2,089	$	2,062	$	2,123	$	6,444	NM	NM

(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.

NON-ACCRUAL ASSETS

(In millions of dollars)


											1Q20 Increase/
	1Q		2Q		3Q		4Q		1Q		(Decrease) from
	2019		2019		2019		2019		2020		4Q19	1Q19
Non-Accrual Loans(1)
Corporate Non-Accrual Loans by Region
North America	$	1,061	$	913	$	1,056	$	1,214	$	1,138	(6%)	7%
EMEA		317		321		307		430		720	67%	NM
Latin America		305		353		399		473		447	(5%)	47%
Asia		49		80		84		71		179	NM	NM
Total	$	1,732	$	1,667	$	1,846	$	2,188	$	2,484	14%	43%

Consumer Non-Accrual Loans by Region(2)
North America	$	1,090	$	1,082	$	1,013	$	905	$	926	2%	(15%)
Latin America		614		629		595		632		489	(23%)	(20%)
Asia(3)		251		260		258		279		284	2%	13%
Total	$	1,955	$	1,971	$	1,866	$	1,816	$	1,699	(6%)	(13%)

Other Real Estate Owned (OREO)(4)
Institutional Clients Group	$	31	$	34	$	20	$	18	$	19	6%	(39%)
Global Consumer Banking		18		11		10		6		4	(33%)	(78%)
Corporate/Other		49		37		42		37		27	(27%)	(45%)
Total	$	98	$	82	$	72	$	61	$	50	(18%)	(49%)

OREO by Region
North America	$	63	$	47	$	51	$	39	$	35	(10%)	(44%)
EMEA		1		1		1		1		1	-	-
Latin America		13		14		14		14		6	(57%)	(54%)
Asia		21		20		6		7		8	14%	(62%)
Total	$	98	$	82	$	72	$	61	$	50	(18%)	(49%)

Non-Accrual Assets (NAA)(5)
Corporate Non-Accrual Loans	$	1,732	$	1,667	$	1,846	$	2,188	$	2,484	14%	43%
Consumer Non-Accrual Loans		1,955		1,971		1,866		1,816		1,699	(6%)	(13%)
Non-Accrual Loans (NAL)		3,687		3,638		3,712		4,004		4,183	4%	13%
OREO		98		82		72		61		50	(18%)	(49%)
Non-Accrual Assets (NAA)	$	3,785	$	3,720	$	3,784	$	4,065	$	4,233	4%	12%

NAL as a % of Total Loans		0.54%		0.53%		0.54%		0.57%		0.58%
NAA as a % of Total Assets		0.19%		0.19%		0.19%		0.21%		0.19%

Allowance for Loan Losses as a % of NAL		334%		343%		338%		319%		498%

(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)

For 4Q19 and prior, excludes Statement of Position (SOP) 03-3 purchased distressed loans. For 1Q20, non-accrual loans include purchased credit default 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.

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)


	March 31,		June 30,		September 30,		December 31,		March 31,
Common Equity Tier 1 Capital Ratio and Components(1)	2019		2019		2019		2019		2020(2)
Citigroup Common Stockholders' Equity(3)	$	178,427	$	179,534	$	177,052	$	175,414	$	174,503
Add: Qualifying noncontrolling interests		144		154		145		154		138
Regulatory Capital Adjustments and Deductions:
Add:
CECL transition and 25% provision deferral(4)		-		-		-		-		4,316
Less:
Accumulated net unrealized gains (losses) on cash flow hedges, net of tax(5)		(442)		75		328		123		2,020
Cumulative unrealized net gain (loss) related to changes in fair value of financial
liabilities attributable to own creditworthiness, net of tax(6)		(67)		(85)		181		(679)		2,838
Intangible Assets:
Goodwill, net of related deferred tax liabilities (DTLs)(7)		21,768		21,793		21,498		21,066		20,123
Identifiable intangible assets other than mortgage servicing rights
(MSRs), net of related DTLs		4,390		4,264		4,132		4,087		3,953
Defined benefit pension plan net assets		811		969		990		803		1,052
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit
and general business credit carry-forwards		11,756		11,547		11,487		12,370		12,259
Common Equity Tier 1 Capital (CET1)	$	140,355	$	141,125	$	138,581	$	137,798	$	136,712
Risk-Weighted Assets (RWA)(4)(9)	$	1,178,628	$	1,187,328	$	1,197,050	$	1,166,523	$	1,224,218
Common Equity Tier 1 Capital Ratio (CET1/RWA)		11.91%		11.89%		11.58%		11.81%		11.2%

Supplementary Leverage Ratio and Components
Common Equity Tier 1 Capital (CET1)(4)	$	140,355	$	141,125	$	138,581	$	137,798	$	136,712
Additional Tier 1 Capital (AT1)(8)		18,002		17,981		19,452		18,007		17,600
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	158,357	$	159,106	$	158,033	$	155,805	$	154,312
Total Leverage Exposure (TLE)(4)(9)	$	2,463,603	$	2,499,787	$	2,520,352	$	2,507,891	$	2,586,513
Supplementary Leverage Ratio (T1C/TLE)		6.43%		6.36%		6.27%		6.21%		6.0%

Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share
Common Stockholders' Equity	$	178,272	$	179,379	$	176,893	$	175,262	$	174,351
Less:
Goodwill		22,037		22,065		21,822		22,126		21,264
Intangible assets (other than MSRs)		4,645		4,518		4,372		4,327		4,193
Tangible Common Equity (TCE)	$	151,590	$	152,796	$	150,699	$	148,809	$	148,894
Common Shares Outstanding (CSO)		2,312.5		2,259.1		2,183.2		2,114.1		2,081.8
Book Value Per Share (Common Equity/CSO)	$	77.09	$	79.40	$	81.02	$	82.90	$	83.75
Tangible Book Value Per Share (TCE/CSO)	$	65.55	$	67.64	$	69.03	$	70.39	$	71.52

(1)

See footnote 3 on page 1.

(2)

Preliminary.

(3)

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

(4)

Citi has elected to apply the modified transition provision related to the impact of the CECL accounting standard on regulatory capital, as provided by the U.S. banking agencies’ March 2020 interim final rule. Under the modified CECL transition provision, the allowance for credit losses (after-tax) upon the January 1, 2020 CECL adoption date have been deferred and will phase-in to regulatory capital at 25% per year commencing January 1, 2022. For the ongoing impact of CECL, Citi is allowed to adjust the allowance for credit losses in an amount equal to 25% of the change in the allowance for credit losses (pre-tax) recognized through earnings for each period between January 1, 2020 and December 31, 2021. The cumulative adjustments to the allowance for credit losses between January 1, 2020 and December 31, 2021 will also phase-in to regulatory capital at 25% per year commencing January 1, 2022, along with the deferred impacts related to the January 1, 2020 CECL adoption date. The corresponding adjustments on average on-balance sheet assets are also reflected in Total Leverage Exposure. Additionally, the increase in DTAs arising from temporary differences upon the January 1, 2020 CECL adoption date has been deducted from RWA and will phase-in to RWA at 25% per year commencing January 1, 2022.

(5)

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.

(6)

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.

(7)

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

(8)

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

(9)

RWA and TLE exclude assets acquired pursuant to a non-recourse loan provided under the Money Market Mutual Fund Liquidity Facility, as permitted by the U.S. banking agencies’ March 2020 interim final rule.

Reclassified to conform to the current period's presentation.


CITIGROUP -- QUARTERLY FINANCIAL DATA SUPPLEMENT		1Q20


		Page
Citigroup Consolidated
Financial Summary		1
Consolidated Statement of Income		2
Consolidated Balance Sheet		3
Segment Detail
Net Revenues		4
Income and 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

Citigroup Supplemental Detail
Average Balances and Interest Rates		18
Deposits		19
Loans (EOP)		20
Consumer Loan Delinquencies and Ratios
90+ Days		21
30-89 Days		22
Allowance for Credit Losses on Loans and Unfunded Lending Commitments		23 - 24
Components of Provision for Loan Losses		25
Non-Accrual Assets		26

CET1 Capital and Supplementary Leverage Ratios, Tangible Common Equity,		27
Book Value Per Share and Tangible Book Value Per Share