Citigroup Inc.

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First Mortgages9.99%NCL $B90+ $BNCL %90+DPD %$10.97.79%6.47%$7.1$3.52.37%0.96%$0.43.51%$1.1$5.72.44%2.21%$0.7 $0.61Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10Note: Includes loans for Canada and Puerto Rico. Excludes loans recorded at fair value and loans that are guaranteed by U.S. government agencies.Second MortgagesNCL $B90+ $B6.74%NCL %90+DPD %5.52% 5.60%3.06%$1.42.58%$1.2 $1.2$0.91.35%$0.5$1.02.46% 2.51%$0.7 $0.71Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10Note: Includes loans for Canada and Puerto Rico.94
Consumer Mortgage FICO and LTVData appearing in the tables below have been sourced from Citigroup’srisk systems and, as such, may not reconcile with disclosures elsewheregenerally due to differences in methodology or variations in the manner inwhich information is captured. Citi has noted such variations in instanceswhere it believes they could be material to reconcile to the informationpresented elsewhere.Citi’s credit risk policy is not to offer option adjustable rate mortgages(ARMs)/negative amortizing mortgage products to its customers. As a result,option ARMs/negative amortizing mortgages represent an insignificantportion of total balances, since they were acquired only incidentally as part ofprior portfolio and business purchases.A portion of loans in the U.S. Consumer mortgage portfolio currentlyrequire a payment to satisfy only the current accrued interest for the paymentperiod, or an interest-only payment. Citi’s mortgage portfolio includesapproximately $27 billion of first- and second-mortgage home equity linesof credit (HELOCs) that are still within their revolving period and have notcommenced amortization. The interest-only payment feature during therevolving period is standard for the HELOC product across the industry. Thefirst mortgage portfolio contains approximately $18 billion of ARMs thatare currently required to make an interest-only payment. These loans willbe required to make a fully amortizing payment upon expiration of theirinterest-only payment period, and most will do so within a few years oforigination. Borrowers that are currently required to make an interest-onlypayment cannot select a lower payment that would negatively amortize theloan. First mortgage loans with this payment feature are primarily to highcredit-qualityborrowers that have on average significantly higher originationand refreshed FICO scores than other loans in the first mortgage portfolio.Loan BalancesFirst Mortgages—Loan Balances. As a consequence of the economicenvironment and the decrease in housing prices, LTV and FICO scores havegenerally deteriorated since origination, although they generally stabilizedduring the latter half of 2010. On a refreshed basis, approximately 30% offirst mortgages had a LTV ratio above 100%, compared to approximately 0%at origination. Approximately 28% of first mortgages had FICO scores lessthan 620 on a refreshed basis, compared to 15% at origination.Balances: December 31, 2010—First MortgagesAT FICO ≥ 660 620 ≤ FICO 100% NM NM NMREFRESHED FICO ≥ 660 620 ≤ FICO < 660 FICO < 620LTV < 80% 28% 4% 9%80% < LTV < 100% 18% 3% 8%LTV > 100% 16% 3% 11%Note: NM—Not meaningful. First mortgage table excludes loans in Canada and Puerto Rico. Table excludesloans guaranteed by U.S. government agencies, loans recorded at fair value and loans subject to LTSCs.Table also excludes $1.6 billion from At Origination balances and $0.4 billion from Refreshed balances forwhich FICO or LTV data was unavailable. Balances exclude deferred fees/costs. Refreshed FICO scoresbased on updated credit scores obtained from Fair Isaac Corporation. Refreshed LTV ratios are derivedfrom data at origination updated using mainly the Core Logic Housing Price Index (HPI) or the FederalHousing Finance Agency Price Index.Second Mortgages—Loan Balances. In the second mortgage portfolio, themajority of loans are in the higher FICO categories. Economic conditionsand the decrease in housing prices generally caused a migration towardslower FICO scores and higher LTV ratios, although the negative migrationslowed during the latter half of 2010. Approximately 48% of secondmortgages had refreshed LTVs above 100%, compared to approximately 0%at origination. Approximately 17% of second mortgages had FICO scores lessthan 620 on a refreshed basis, compared to 3% at origination.Balances: December 31, 2010—Second MortgagesAT FICO ≥ 660 620 ≤ FICO < 660 FICO < 620ORIGINATIONLTV < 80% 51% 2% 2%80% < LTV < 100% 41% 3% 1%LTV > 100% NM NM NMREFRESHED FICO ≥ 660 620 ≤ FICO < 660 FICO < 620LTV < 80% 22% 1% 3%80% < LTV < 100% 20% 2% 4%LTV > 100% 33% 5% 10%Note: NM—Not meaningful. Second mortgage table excludes loans in Canada and Puerto Rico. Tableexcludes loans subject to LTSCs. Table also excludes $1.5 billion from At Origination balances and$0.3 billion from Refreshed balances for which FICO or LTV data was unavailable. Balances excludedeferred fees/costs. Refreshed FICO scores are based on updated credit scores obtained from Fair IsaacCorporation. Refreshed LTV ratios are derived from data at origination updated using mainly the Core LogicHousing Price Index (HPI) or the Federal Housing Finance Agency Price Index.95
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UNITED STATESSECURITIES AND EXCHANG
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CITIGROUP’S 2010 ANNUAL REPORT ON
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As described above, Citigroup is ma
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Operating ExpensesCitigroup operati
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FIVE-YEAR SUMMARY OF SELECTED FINAN
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CITIGROUP REVENUESIn millions of do
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REGIONAL CONSUMER BANKINGRegional C
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2009 vs. 2008Revenues, net of inter
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Page 23 and 24: SECURITIES AND BANKINGSecurities an
Page 25 and 26: TRANSACTION SERVICESTransaction Ser
Page 27 and 28: BROKERAGE AND ASSET MANAGEMENTBroke
Page 29 and 30: Japan Consumer FinanceCitigroup con
Page 31 and 32: The following table provides detail
Page 33 and 34: CORPORATE/OTHERCorporate/Other incl
Page 35 and 36: During 2010, average Consumer loans
Page 37 and 38: SEGMENT BALANCE SHEET AT DECEMBER 3
Page 39 and 40: Citigroup Regulatory Capital Ratios
Page 41 and 42: Capital Resources of Citigroup’s
Page 43 and 44: Regulatory Capital Standards Develo
Page 45 and 46: DepositsCiti continues to focus on
Page 47 and 48: Secured financing is primarily cond
Page 49 and 50: Each of the credit rating agencies
Page 51 and 52: RISK FACTORSThe ongoing implementat
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Page 55 and 56: is largely uncertain. However, any
Page 57 and 58: a short-term Liquidity Coverage Rat
Page 59 and 60: understanding or cause confusion ac
Page 61 and 62: MANAGING GLOBAL RISKRISK MANAGEMENT
Page 63 and 64: CREDIT RISKCredit risk is the poten
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Page 67 and 68: (1) 2010 primarily includes an addi
Page 69 and 70: Non-Accrual Loans and AssetsThe tab
Page 71 and 72: Renegotiated LoansThe following tab
Page 73: Citi’s first mortgage portfolio i
Page 77 and 78: Second Mortgages: December 31, 2010
Page 79 and 80: Interest Rate Risk Associated with
Page 81 and 82: North America Cards—FICO Informat
Page 83 and 84: CONSUMER LOAN DETAILSConsumer Loan
Page 85 and 86: Consumer Loan Modification Programs
Page 87 and 88: North America CardsNorth America ca
Page 89 and 90: Payment deferrals that do not conti
Page 91 and 92: Repurchase ReserveCiti has recorded
Page 93 and 94: Securities and Banking-Sponsored Pr
Page 95 and 96: The following table presents the co
Page 97 and 98: MARKET RISKMarket risk encompasses
Page 99 and 100: Trading PortfoliosPrice risk in tra
Page 101 and 102: INTEREST REVENUE/EXPENSE AND YIELDS
Page 103 and 104: AVERAGE BALANCES AND INTEREST RATES
Page 105 and 106: ANALYSIS OF CHANGES IN INTEREST EXP
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Page 109 and 110: As required by SEC rules, the table
Page 111 and 112: The credit valuation adjustment amo
Page 113 and 114: The fair values shown are prior to
Page 115 and 116: Key Controls over Fair Value Measur
Page 117 and 118: The following table reflects the in
Page 119 and 120: The results of the July 1, 2010 tes
Page 121 and 122: As a result of the losses incurred
Page 123 and 124: MANAGEMENT’S ANNUAL REPORT ON INT
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• an “ownership change” under
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REPORT OF INDEPENDENT REGISTERED PU
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FINANCIAL STATEMENTS AND NOTES TABL
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CONSOLIDATED FINANCIAL STATEMENTSCO
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CONSOLIDATED BALANCE SHEET(Continue
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CONSOLIDATED STATEMENT OF CHANGES I
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CITIBANK CONSOLIDATED BALANCE SHEET
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NOTES TO CONSOLIDATED FINANCIAL STA
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Repurchase and Resale AgreementsSec
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ecoveries are added. Securities rec
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Consumer Mortgage Representations a
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Transfers of Financial AssetsFor a
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ACCOUNTING CHANGESChange in Account
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The following table reflects the in
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Measuring Liabilities at Fair Value
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Revisions to the Earnings-per-Share
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FUTURE APPLICATION OF ACCOUNTING ST
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3. DISCONTINUED OPERATIONSSale of T
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CitiCapitalOn July 31, 2008, Citigr
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5. INTEREST REVENUE AND EXPENSEFor
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Stock Award ProgramsCitigroup issue
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In January 2009, members of the Man
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Information with respect to stock o
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9. RETIREMENT BENEFITSThe Company h
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The following table shows the chang
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A one-percentage-point change in th
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Level 3 Roll ForwardThe reconciliat
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10. INCOME TAXESIn millions of doll
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The Company is currently under audi
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11. EARNINGS PER SHAREThe following
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13. BROKERAGE RECEIVABLES AND BROKE
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The table below shows the fair valu
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Debt Securities Held-to-MaturityThe
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Evaluating Investments for Other-Th
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The following is a 12-month roll-fo
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16. LOANSCitigroup loans are report
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Residential Mortgage Loan to Values
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The following table presents Corpor
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Included in the Corporate and Consu
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18. GOODWILL AND INTANGIBLE ASSETSG
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Intangible AssetsThe components of
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CGMHI has committed long-term finan
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20. Regulatory CapitalCitigroup is
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22. SECURITIZATIONS AND VARIABLE IN
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In millions of dollars As of Decemb
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Funding Commitments for Significant
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Credit Card SecuritizationsThe Comp
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Managed Loans—Citi HoldingsThe fo
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Key assumptions used in measuring t
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Mortgage Servicing RightsIn connect
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The Company administers one conduit
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Key Assumptions and Retained Intere
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Municipal InvestmentsMunicipal inve
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Derivative NotionalsIn millions of
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activities together with gains and
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Cash Flow HedgesHedging of benchmar
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The range of credit derivatives sol
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24. CONCENTRATIONS OF CREDIT RISKCo
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Trading account assets and liabilit
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The internal valuation techniques u
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In millions of dollars at December
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Changes in Level 3 Fair Value Categ
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In millions of dollarsDecember 31,2
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26. FAIR VALUE ELECTIONSThe Company
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The following table provides inform
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Certain structured liabilitiesThe C
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28. PLEDGED SECURITIES, COLLATERAL,
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The repurchase reserve estimation p
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CollateralCash collateral available
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29. CONTINGENCIESOverviewIn additio
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pursuant to which Citigroup agreed
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court filings under docket number 0
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30. CITIBANK, N.A. STOCKHOLDER’S
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Condensed Consolidating Statements
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Condensed Consolidating Balance She
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33. SELECTED QUARTERLY FINANCIAL DA
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SUPERVISION AND REGULATIONCitigroup
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Citigroup continues to evaluate its
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CORPORATE INFORMATIONCITIGROUP EXEC
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SignaturesPursuant to the requireme
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Citigroup Inc.

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