Citigroup Inc.

Corporate LoansCorporate loans represent loans and leases managed by ICG or the SpecialAsset Pool. The following table presents information by corporate loan type:In millions of dollars at year end 2010 2009CorporateIn U.S. officesCommercial and industrial $ 14,334 $ 15,614Loans to financial institutions (1) 29,813 6,947Mortgage and real estate (2) 19,693 22,560Installment, revolving credit and other (3) 12,640 17,737Lease financing 1,413 1,297$ 77,893 $ 64,155In offices outside the U.S.Commercial and industrial $ 69,718 $ 66,747Installment, revolving credit and other (3) 11,829 9,683Mortgage and real estate (2) 5,899 9,779Loans to financial institutions 22,620 15,113Lease financing 531 1,295Governments and official institutions 3,644 2,949$114,241 $105,566Total Corporate loans $192,134 $169,721Net unearned income (972) (2,274)Corporate loans, net of unearned income $191,162 $167,447Corporate loans are identified as impaired and placed on a cash(non-accrual) basis when it is determined, based on actual experience anda forward-looking assessment of the collectability of the loan in full, that thepayment of interest or principal is doubtful or when interest or principal is90 days past due, except when the loan is well collateralized and in the processof collection. Any interest accrued on impaired corporate loans and leasesis reversed at 90 days and charged against current earnings, and interest isthereafter included in earnings only to the extent actually received in cash.When there is doubt regarding the ultimate collectability of principal, allcash receipts are thereafter applied to reduce the recorded investment in theloan. While Corporate loans are generally managed based on their internallyassigned risk rating (see further discussion below), the following table presentsdelinquency information by Corporate loan type as of December 31, 2010:(1) 2010 includes the impact of consolidating entities in connection with Citi’s adoption of SFAS 167.(2) Loans secured primarily by real estate.(3) Includes loans not otherwise separately categorized.Corporate Loan Delinquency and Non-Accrual Details at December 31, 2010In millions of dollars30–89 dayspast dueand accruing (1)≥ 90 dayspast due andaccruing (1)Total past dueand accruingTotalnon-accrual (2)Totalcurrent (3)Commercial and industrial $ 94 $ 39 $133 $5,125 $ 76,862 $ 82,120Financial institutions 2 — 2 1,258 50,648 51,908Mortgage and real estate 376 20 396 1,782 22,892 25,070Leases 9 — 9 45 1,890 1,944Other 100 52 152 400 26,941 27,493Loans at fair value 2,627Total $ 581 $111 $692 $8,610 $179,233 $191,162(1) Corporate loans that are greater than 90 days past due are generally classified as non-accrual.(2) Citi generally does not manage Corporate loans on a delinquency basis. Non-accrual loans generally include those loans that are ≥ 90 days past due or those loans for which Citi believes, based on actual experienceand a forward-looking assessment of the collectability of the loan in full that the payment or interest or principal is doubtful.(3) Loans less than 30 days past due are considered current.TotalloansCitigroup has a comprehensive risk management process to monitor,evaluate and manage the principal risks associated with its Corporate loanportfolio. As part of its risk management process, Citi assigns risk ratingsto its Corporate loans, which are reviewed at least annually. The ratingsscale generally corresponds to the ratings as defined by S&P and Moody’s,with investment grade facilities generally exhibiting no evident weaknessin creditworthiness and non-investment grade facilities exhibiting a rangeof deterioration in the obligor’s creditworthiness or vulnerability to adversechanges in business, financial or other economic conditions.218