Citigroup Inc.

19. DEBTShort-Term BorrowingsShort-term borrowings consist of commercial paper and other borrowingswith weighted average interest rates at December 31 as follows:In millions of dollarsBalance2010 2009WeightedaverageBalanceWeightedaverageCommercial paperBank $14,987 0.39% $ — —%Other non-bank 9,670 0.29 10,223 0.34$24,657 $10,223Other borrowings (1) 54,133 0.40% 58,656 0.66%Total (2) $78,790 $68,879(1) At December 31, 2010 and December 31, 2009, collateralized advances from the Federal Home LoanBank were $10 billion and $23 billion, respectively.(2) December 31, 2010 includes $25.3 billion of short-term borrowings related to VIEs consolidatedeffective January 1, 2010 with the adoption of SFAS 167.Borrowings under bank lines of credit may be at interest rates based onLIBOR, CD rates, the prime rate, or bids submitted by the banks. Citigrouppays commitment fees for its lines of credit.Some of Citigroup’s non-bank subsidiaries have credit facilities withCitigroup’s subsidiary depository institutions, including Citibank, N.A.Borrowings under these facilities must be secured in accordance withSection 23A of the Federal Reserve Act.Citigroup Global Markets Holdings Inc. (CGMHI) has substantialborrowing agreements consisting of facilities that CGMHI has been advisedare available, but where no contractual lending obligation exists. Thesearrangements are reviewed on an ongoing basis to ensure flexibility inmeeting CGMHI’s short-term requirements.Long-Term DebtIn millions of dollarsBalances atDecember 31,Weightedaveragecoupon Maturities 2010 2009Citigroup parent companySenior notes 4.30% 2011–2098 $146,280 $149,751Subordinated notes 4.92 2011–2036 27,533 28,708Junior subordinated notesrelating to trust preferredsecurities 7.44 2031–2067 18,131 19,345Bank (1)Senior notes 2.03 2011–2048 110,732 78,413Subordinated notes 5.12 2011–2064 2,502 444Non-bankSenior notes 3.43 2011–2097 73,472 84,742Subordinated notes 1.29 2011–2037 2,533 2,616Total (2)(3)(4)(5) $381,183 $364,019Senior notes $330,484 $312,906Subordinated notes 32,568 31,768Junior subordinated notesrelating to trust preferredsecurities 18,131 19,345Total $381,183 $364,019(1) At December 31, 2010 and December 31, 2009, collateralized advances from the Federal Home LoanBank were $18.2 billion and $24.1 billion, respectively.(2) Includes $250 million of notes maturing in 2098.(3) At December 31, 2010, includes $69.7 billion of long-term debt related to VIEs consolidated effectiveJanuary 1, 2010 with the adoption of SFAS 166/167.(4) Of this amount, approximately $58.3 billion is guaranteed by the FDIC under the TLGP with$20.3 billion maturing in 2011 and $38.0 billion maturing in 2012.(5) Includes Principal-Protected Trust Securities (Safety First Trust Securities) with carrying values of$364 million issued by Safety First Trust Series 2007-2, 2007-3, 2007-4, 2008-1, 2008-2, 2008-3,2008-4, 2008-5, 2008-6, 2009-1, 2009-2, and 2009-3 (collectively, the “Safety First Trusts”) atDecember 31, 2010 and $528 million issued by Safety First Trust Series 2006-1, 2007-1, 2007-2,2007-3, 2007-4, 2008-1, 2008-2, 2008-3, 2008-4, 2008-5, 2008-6, 2009-1, 2009-2, and 2009-3at December 31, 2009. Citigroup Funding Inc. (CFI) owns all of the voting securities of the Safety FirstTrusts. The Safety First Trusts have no assets, operations, revenues or cash flows other than thoserelated to the issuance, administration and repayment of the Safety First Trust Securities and theSafety First Trusts’ common securities. The Safety First Trusts’ obligations under the Safety First TrustSecurities are fully and unconditionally guaranteed by CFI, and CFI’s guarantee obligations are fullyand unconditionally guaranteed by Citigroup.226