Citigroup Inc.

Condensed Consolidating Statements of IncomeIn millions of dollarsCitigroupparentcompany CGMHI CFI CCC AssociatesOtherCitigroupsubsidiaries,eliminationsand incomefromdiscontinuedoperationsYear ended December 31, 2008ConsolidatingadjustmentsCitigroupconsolidatedRevenuesDividends from subsidiaries $ 1,788 $ — $ — $ — $ — $ — $ (1,788) $ —Interest revenue 758 18,569 3 7,218 8,261 78,908 (7,218) 106,499Interest revenue—intercompany 4,822 2,109 5,156 67 575 (12,662) (67) —Interest expense 9,455 11,607 3,294 141 608 27,786 (141) 52,750Interest expense—intercompany (306) 5,014 290 2,435 2,202 (7,200) (2,435) —Net interest revenue $ (3,569) $ 4,057 $ 1,575 $ 4,709 $ 6,026 $ 45,660 $ (4,709) $ 53,749Commissions and fees $ (1) $ 7,361 $ — $ 87 $ 182 $ 5,313 $ (87) $ 12,855Commissions and fees—intercompany — 521 — 37 52 (573) (37) —Principal transactions (159) (22,175) 5,261 — (6) (6,810) — (23,889)Principal transactions—intercompany 962 479 (4,070) — 180 2,449 — —Other income (6,253) 2,896 (174) 389 344 12,071 (389) 8,884Other income—intercompany 6,521 2,635 187 27 69 (9,412) (27) —Total non-interest revenues $ 1,070 $ (8,283) $ 1,204 $ 540 $ 821 $ 3,038 $ (540) $ (2,150)Total revenues, net of interest expense $ (711) $ (4,226) $ 2,779 $ 5,249 $ 6,847 $ 48,698 $ (7,037) $ 51,599Provisions for credit losses and for benefitsand claims $ — $ 381 $ — $ 4,638 $ 5,020 $ 29,313 $ (4,638) $ 34,714ExpensesCompensation and benefits $ (150) $ 9,651 $ — $ 667 $ 906 $ 20,689 $ (667) $ 31,096Compensation and benefits—intercompany 9 912 — 188 189 (1,110) (188) —Other expense 219 4,206 3 663 1,260 32,456 (663) 38,144Other expense—intercompany 594 1,828 51 451 498 (2,971) (451) —Total operating expenses $ 672 $ 16,597 $ 54 $ 1,969 $ 2,853 $ 49,064 $ (1,969) $ 69,240Income (loss) before taxes and equity inundistributed income of subsidiaries $ (1,383) $(21,204) $ 2,725 $(1,358) $(1,026) $(29,679) $ (430) $ (52,355)Provision (benefit) for income taxes (2,223) (8,463) 953 (526) (310) (10,283) 526 (20,326)Equity in undistributed income of subsidiaries (29,122) — — — — — 29,122 —Income (loss) from continuing operations $(28,282) $(12,741) $ 1,772 $ (832) $ (716) $(19,396) $28,166 $ (32,029)Income from discontinued operations,net of taxes 598 — — — — 3,404 — 4,002Net income (loss) before attribution ofnoncontrolling interests $(27,684) $(12,741) $ 1,772 $ (832) $ (716) $(15,992) $28,166 $ (28,027)Net income (loss) attributable tononcontrolling interests — (9) — — — (334) — (343)Net income (loss) after attribution ofnoncontrolling interests $(27,684) $(12,732) $ 1,772 $ (832) $ (716) $(15,658) $28,166 $ (27,684)293