Citigroup Inc.

Citicorp and Citi Holdings Consolidated VIEsThe Company engages in on-balance-sheet securitizations which aresecuritizations that do not qualify for sales treatment; thus, the assetsremain on the Company’s balance sheet. The consolidated VIEs includedin the tables below represent hundreds of separate entities with which theCompany is involved. In general, the third-party investors in the obligationsof consolidated VIEs have legal recourse only to the assets of the VIEs and donot have recourse to the Company, except where the Company has provideda guarantee to the investors or is the counterparty to certain derivativetransactions involving the VIE. In addition, the assets are generally restrictedonly to pay such liabilities.Thus, the Company’s maximum legal exposure to loss related to consolidatedVIEs is significantly less than the carrying value of the consolidated VIEassets due to outstanding third-party financing. Intercompany assets andliabilities are excluded from the table. All assets are restricted from being soldor pledged as collateral. The cash flows from these assets are the only sourceused to pay down the associated liabilities, which are non-recourse to theCompany’s general assets.The following table presents the carrying amounts and classifications ofconsolidated assets that are collateral for consolidated VIE and SPE obligations.In billions of dollars December 31, 2010 December 31, 2009Citicorp Citi Holdings Citigroup Citicorp Citi Holdings CitigroupCash $ 0.2 $ 0.6 $ 0.8 $ — $ 1.4 $ 1.4Trading account assets 4.9 1.6 6.5 3.7 9.5 13.2Investments 7.9 — 7.9 9.8 2.8 12.6Total loans, net 85.3 44.7 130.0 0.1 25.0 25.1Other 0.1 0.6 0.7 1.9 1.3 3.2Total assets $98.4 $47.5 $145.9 $15.5 $40.0 $55.5Short-term borrowings $23.1 $ 2.2 $ 25.3 $ 9.5 $ 2.6 $12.1Long-term debt 47.6 22.1 69.7 4.6 21.2 25.8Other liabilities 0.6 0.2 0.8 0.1 3.6 3.7Total liabilities $71.3 $24.5 $ 95.8 $14.2 $27.4 $41.6Citicorp and Citi Holdings Significant Interests inUnconsolidated VIEs—Balance Sheet ClassificationThe following tables present the carrying amounts and classification ofsignificant interests in unconsolidated VIEs:In billions of dollars December 31, 2010 December 31, 2009Citicorp Citi Holdings Citigroup Citicorp Citi Holdings CitigroupTrading account assets $ 3.6 $ 2.7 $ 6.3 $3.2 $ 3.1 $ 6.3Investments 3.8 5.9 9.7 2.0 7.3 9.3Loans 4.5 4.5 9.0 2.3 10.5 12.8Other 2.7 2.0 4.7 0.5 0.1 0.6Total assets $14.6 $15.1 $29.7 $8.0 $21.0 $29.0Long-term debt $ 0.4 $ 0.5 $ 0.9 $0.5 $ — $ 0.5Other liabilities — — — 0.3 0.2 0.5Total liabilities $ 0.4 $ 0.5 $ 0.9 $0.8 $ 0.2 $ 1.0236