Citigroup Inc.

CGMHI has committed long-term financing facilities with unaffiliatedbanks. At December 31, 2010, CGMHI had drawn down the full $900 millionavailable under these facilities, of which $150 million is guaranteed byCitigroup. Generally, a bank can terminate these facilities by giving CGMHIone-year prior notice.The Company issues both fixed and variable rate debt in a range ofcurrencies. It uses derivative contracts, primarily interest rate swaps, toeffectively convert a portion of its fixed rate debt to variable rate debt andvariable rate debt to fixed rate debt. The maturity structure of the derivativesgenerally corresponds to the maturity structure of the debt being hedged.In addition, the Company uses other derivative contracts to manage theforeign exchange impact of certain debt issuances. At December 31, 2010,the Company’s overall weighted average interest rate for long-term debtwas 3.53% on a contractual basis and 2.78% including the effects ofderivative contracts.Aggregate annual maturities of long-term debt obligations (based on final maturity dates) including trust preferred securities are as follows:In millions of dollars 2011 2012 2013 2014 2015 ThereafterBank $35,066 $38,280 $ 8,013 $ 7,620 $ 6,380 $ 17,875Non-bank 15,213 25,950 7,858 5,187 3,416 18,381Parent company 21,194 30,004 21,348 19,096 12,131 88,171Total $71,473 $94,234 $37,219 $31,903 $21,927 $124,427Long-term debt at December 31, 2010 and December 31, 2009 includes$18,131 million and $19,345 million, respectively, of junior subordinateddebt. The Company formed statutory business trusts under the laws of theState of Delaware. The trusts exist for the exclusive purposes of (i) issuingtrust securities representing undivided beneficial interests in the assets ofthe trust; (ii) investing the gross proceeds of the trust securities in juniorsubordinated deferrable interest debentures (subordinated debentures) ofits parent; and (iii) engaging in only those activities necessary or incidentalthereto. Upon approval from the Federal Reserve, Citigroup has the right toredeem these securities.Citigroup has contractually agreed not to redeem or purchase (i) the6.50% Enhanced Trust Preferred securities of Citigroup Capital XV beforeSeptember 15, 2056, (ii) the 6.45% Enhanced Trust Preferred securities ofCitigroup Capital XVI before December 31, 2046, (iii) the 6.35% EnhancedTrust Preferred securities of Citigroup Capital XVII before March 15, 2057,(iv) the 6.829% Fixed Rate/Floating Rate Enhanced Trust Preferred securitiesof Citigroup Capital XVIII before June 28, 2047, (v) the 7.250% EnhancedTrust Preferred securities of Citigroup Capital XIX before August 15, 2047,(vi) the 7.875% Enhanced Trust Preferred securities of Citigroup Capital XXbefore December 15, 2067, and (vii) the 8.300% Fixed Rate/FloatingRate Enhanced Trust Preferred securities of Citigroup Capital XXI beforeDecember 21, 2067, unless certain conditions, described in Exhibit 4.03to Citigroup’s Current Report on Form 8-K filed on September 18, 2006,in Exhibit 4.02 to Citigroup’s Current Report on Form 8-K filed onNovember 28, 2006, in Exhibit 4.02 to Citigroup’s Current Report on Form8-K filed on March 8, 2007, in Exhibit 4.02 to Citigroup’s Current Reporton Form 8-K filed on July 2, 2007, in Exhibit 4.02 to Citigroup’s CurrentReport on Form 8-K filed on August 17, 2007, in Exhibit 4.2 to Citigroup’sCurrent Report on Form 8-K filed on November 27, 2007, and in Exhibit4.2 to Citigroup’s Current Report on Form 8-K filed on December 21, 2007,respectively, are met. These agreements are for the benefit of the holders ofCitigroup’s 6.00% junior subordinated deferrable interest debentures due2034. Citigroup owns all of the voting securities of these subsidiary trusts.These subsidiary trusts have no assets, operations, revenues or cash flowsother than those related to the issuance, administration, and repayment ofthe subsidiary trusts and the subsidiary trusts’ common securities. Thesesubsidiary trusts’ obligations are fully and unconditionally guaranteed byCitigroup.227