Citigroup Inc.

30. CITIBANK, N.A. STOCKHOLDER’S EQUITYStatement of Changes in Stockholder’s EquityYear ended December 31In millions of dollars, except shares 2010 2009 2008Common stock ($20 par value)Balance, beginning of year—shares: 37,534,553 in 2010, 2009 and 2008 $ 751 $ 751 $ 751Balance, end of year—shares:37,534,553 in 2010, 2009 and 2008 $ 751 $ 751 $ 751SurplusBalance, beginning of year $107,923 $ 74,767 $ 69,135Capital contribution from parent company 858 32,992 6,177Employee benefit plans 648 163 183Other (1) (10) 1 (728)Balance, end of year $109,419 $107,923 $ 74,767Retained earningsBalance, beginning of year $ 19,457 $ 21,735 $ 31,915Adjustment to opening balance, net of taxes (2)(3) (288) 402 —Adjusted balance, beginning of period $ 19,169 $ 22,137 $ 31,915Citibank’s net income (loss) 7,904 (2,794) (6,215)Dividends paid (4) 9 (3) (41)Other (1) — 117 (3,924)Balance, end of year $ 27,082 $ 19,457 $ 21,735Accumulated other comprehensive income (loss)Balance, beginning of year $ (11,532) $ (15,895) $ (2,495)Adjustment to opening balance, net of taxes (3) — (402) —Adjusted balance, beginning of period $ (11,532) $ (16,297) $ (2,495)Net change in unrealized gains (losses) on investment securities available-for-sale, net of taxes 1,162 3,675 (6,746)Net change in foreign currency translation adjustment, net of taxes 29 709 (5,651)Net change in cash flow hedges, net of taxes 473 880 (1,162)Pension liability adjustment, net of taxes (294) (499) 159Net change in Accumulated other comprehensive income (loss) $ 1,370 $ 4,765 $(13,400)Balance, end of year $ (10,162) $ (11,532) $(15,895)Total Citibank stockholder’s equity $127,090 $116,599 $ 81,358Noncontrolling interestBalance, beginning of period $ 1,294 $ 1,082 $ 1,266Initial origination of a noncontrolling interest (73) 284 —Transactions between the noncontrolling interest and the related consolidating subsidiary — (130) —Transactions between Citibank and the noncontrolling interest shareholder (1) — —Net income attributable to noncontrolling interest shareholders 35 74 101Dividends paid to noncontrolling interest shareholders (40) (17) (120)Accumulated other comprehensive income—Net change in unrealized gains and losses on investment securities, net of tax 1 5 3Accumulated other comprehensive income—Net change in FX translation adjustment, net of tax (27) 23 (173)All other (319) (27) 5Net change in noncontrolling interest $ (424) $ 212 $ (184)Balance, end of period $ 870 $ 1,294 $ 1,082Total equity $127,960 $117,893 $ 82,440Comprehensive income (loss)Net income (loss) before attribution of noncontrolling interest $ 7,939 $ (2,720) $ (6,114)Net change in Accumulated other comprehensive income (loss) 1,344 4,793 (13,570)Total comprehensive income (loss) $ 9,283 $ 2,073 $(19,684)Comprehensive income (loss) attributable to the noncontrolling interest 9 102 (69)Comprehensive income attributable to Citibank $ 9,274 $ 1,971 $(19,615)(1) Represents the accounting for the transfers of assets and liabilities between Citibank, N.A. and other affiliates under the common control of Citigroup.(2) The adjustment to the opening balance for Retained earnings in 2010 represents the cumulative effect of initially adopting ASC 810, Consolidation (SFAS 167) and ASU 2010-11, Scope Exception Related to EmbeddedCredit Derivatives. See Note 1 to the Consolidated Financial Statements.(3) The adjustment to the opening balances for Retained earnings and Accumulated other comprehensive income (loss) in 2009 represents the cumulative effect of initially adopting ASC 320-10-35-34 (FSP FAS 115-2and FAS 124-2). See Note 1 to the Consolidated Financial Statements.(4) Dividends in 2010 represent a reversal of dividends accrued on forfeitures of previously issued but unvested employee stock awards related to employees who have left Citigroup.289