Citigroup Inc.

Condensed Consolidating Statements of Cash FlowsIn millions of dollarsCitigroupparentcompany CGMHI CFI CCC AssociatesOtherCitigroupsubsidiariesandeliminationsYear ended December 31, 2008ConsolidatingadjustmentsCitigroupconsolidatedNet cash provided by (used in) operatingactivities of continuing operations $ 5,600 $(21,162) $ (1,028) $ 4,591 $ 4,677 $ 109,599 $(4,591) $ 97,686Cash flows from investing activities ofcontinuing operationsChange in loans $ — $ 91 $(26,363) $(3,177) $(1,118) $(243,131) $ 3,177 $(270,521)Proceeds from sales and securitizations of loans — 98 — — — 313,710 — 313,808Purchases of investments (188,901) (47) — (1,065) (1,338) (154,050) 1,065 (344,336)Proceeds from sales of investments 38,020 — — 309 649 54,997 (309) 93,666Proceeds from maturities of investments 137,005 — 3 670 774 71,530 (670) 209,312Changes in investments and advances—intercompany (83,055) — — (1,062) 1,496 81,559 1,062 —Business acquisitions — (181) — — — 181 — —Other investing activities — (17,142) — — — (63,637) — (80,779)Net cash (used in) provided by investing activitiesof continuing operations $ (96,931) $(17,181) $(26,360) $(4,325) $ 463 $ 61,159 $ 4,325 $ (78,850)Cash flows from financing activities ofcontinuing operationsDividends paid $ (7,526) $ — $ — $ — $ — $ — $ — $ (7,526)Dividends paid—intercompany (239) (92) — — — 331 — —Issuance of common stock 6,864 — — — — — — 6,864Issuance of preferred stock 70,626 — — — — — — 70,626Treasury stock acquired (7) — — — — — — (7)Proceeds/(repayments) from issuance oflong-term debt—third-party, net 15,086 (9,543) 2,496 (960) (5,345) (45,181) 960 (42,487)Proceeds/(repayments) from issuance oflong-term debt—intercompany, net — 26,264 — (956) (2,183) (24,081) 956 —Change in deposits — — — — — (37,811) — (37,811)Net change in short-term borrowings and otherinvestment banking and brokerageborrowings —third-party (3,197) (6,997) (10,100) — (112) 6,610 — (13,796)Net change in short-term borrowings and otheradvances—intercompany 10,118 27,971 34,991 1,619 2,456 (75,536) (1,619) —Other financing activities (400) — — — — — — (400)Net cash provided by (used in) financing activitiesof continuing operations $ 91,325 $ 37,603 $ 27,387 $ (297) $(5,184) $(175,668) $ 297 $ (24,537)Effect of exchange rate changes on cash anddue from banks $ — $ — $ — $ — $ — $ (2,948) $ — $ (2,948)Net cash (used in) provided by discontinued operations — — — $ — — (304) $ — (304)Net (decrease) increase in cash and due from banks $ (6) $ (740) $ (1) $ (31) $ (44) $ (8,162) $ 31 $ (8,953)Cash and due from banks at beginning of period 19 5,297 2 321 440 32,448 (321) 38,206Cash and due from banks at end of period $ 13 $ 4,557 $ 1 $ 290 $ 396 $ 24,286 $ (290) $ 29,253Supplemental disclosure of cash flow informationfor continuing operationsCash paid during the year forIncome taxes $ 440 $ (2,742) $ 350 $ 228 $ 287 $ 4,835 $ (228) $ 3,170Interest 9,341 16,990 3,761 2,677 502 25,084 (2,677) 55,678Non-cash investing activitiesTransfers to repossessed assets — — — 1,571 1,621 1,818 (1,571) 3,439298