7.3 billion - Citigroup

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1CITIGROUP – 2012 FIRST QUARTER 10-Q
CITIGROUP INCFIRST QUARTER 2012 - FORM 10-QOVERVIEW 3CITIGROUP SEGMENTS AND REGIONS 4MANAGEMENT’S DISCUSSION AND ANALYSIS OFFINANCIAL CONDITION AND RESULTS OFOPERATIONS 5Executive Summary 5RESULTS OF OPERATIONS 7Summary of Selected Financial Data 7SEGMENT AND BUSINESS—INCOME (LOSS) ANDREVENUES 9CITICORP 11Global Consumer Banking 12North America Regional Consumer Banking 13EMEA Regional Consumer Banking 14Latin America Regional Consumer Banking 15Asia Regional Consumer Banking 16Institutional Clients Group 17Securities and Banking 19Transaction Services 21CITI HOLDINGS 22Brokerage and Asset Management 23Local Consumer Lending 24Special Asset Pool 26CORPORATE/OTHER 27BALANCE SHEET REVIEW 28Segment Balance Sheet at March 31, 2012 31CAPITAL RESOURCES AND LIQUIDITY 32Capital Resources 32Funding and Liquidity 36Off-Balance-Sheet Arrangements 42MANAGING GLOBAL RISK 42CREDIT RISK 43Loans Outstanding 43Details of Credit Loss Experience 44Non-Accrual Loans and Assets, andRenegotiated Loans 45North America Consumer Mortgage Lending 49North America Cards 61Consumer Loan Details 63Corporate Loan Details 66Exposure to Commercial Real Estate 68Market Risk 69Country Risk 77FAIR VALUE ADJUSTMENTS FOR DERIVATIVESAND STRUCTURED DEBT 82CREDIT DERIVATIVES 83INCOME TAXES 85DISCLOSURE CONTROLS AND PROCEDURES 86FORWARD-LOOKING STATEMENTS 86FINANCIAL STATEMENTS AND NOTES TABLE OFCONTENTS 88CONSOLIDATED FINANCIAL STATEMENTS 89NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 95LEGAL PROCEEDINGS 196UNREGISTERED SALES OF EQUITY AND USE OFPROCEEDS 1972CITIGROUP – 2012 FIRST QUARTER 10-Q
Page 1: UNITED STATESSECURITIES AND EXCHANG
Page 5 and 6: As described above, Citigroup is ma
Page 7 and 8: The Consumer allowance for loan los
Page 9 and 10: SUMMARY OF SELECTED FINANCIAL DATA
Page 11 and 12: CITIGROUP REVENUESFirst QuarterIn m
Page 13 and 14: GLOBAL CONSUMER BANKINGGlobal Consu
Page 15 and 16: EMEA REGIONAL CONSUMER BANKINGEMEA
Page 17 and 18: ASIA REGIONAL CONSUMER BANKINGAsia
Page 19 and 20: [THIS PAGE INTENTIONALLY LEFT BLANK
Page 21 and 22: 1Q12 vs. 1Q11Net income of $1.2 bil
Page 23 and 24: CITI HOLDINGSCiti Holdings contains
Page 25 and 26: LOCAL CONSUMER LENDINGLocal Consume
Page 27 and 28: SPECIAL ASSET POOLSpecial Asset Poo
Page 29 and 30: BALANCE SHEET REVIEWThe following s
Page 31 and 32: transactions, see ―Capital Resour
Page 33 and 34: CAPITAL RESOURCES AND LIQUIDITYCAPI
Page 35 and 36: Common Stockholders’ EquityCitigr
Page 37 and 38: FUNDING AND LIQUIDITYOverviewCiti
Page 39 and 40: The table below details the long-te
Page 41 and 42: Credit RatingsCitigroup‘s funding
Page 43 and 44: OFF-BALANCE-SHEET ARRANGEMENTSCitig
Page 45 and 46: Details of Credit Loss Experience1s
Page 47 and 48: Non-Accrual LoansIn millions of dol
Page 49 and 50: Renegotiated LoansThe following tab
Page 51 and 52: North America Residential First Mor
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loans exiting foreclosure inventory
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Note: For each of the tables above,
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Citi will account for the refinanci
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Legacy S&B Securitizations (princip
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In addition to the amounts set fort
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North America Citi Retail Services
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Consumer Loan Net Credit Losses and
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CORPORATE LOAN DETAILSFor corporate
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EXPOSURE TO COMMERCIAL REAL ESTATET
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Value at Risk for Trading Portfolio
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AVERAGE BALANCES AND INTEREST RATES
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(10) Excludes hybrid financial inst
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ANALYSIS OF CHANGES IN INTEREST EXP
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GIIPSGross funded credit exposure t
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Credit Default SwapsCiti buys and s
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CREDIT DERIVATIVESCitigroup makes m
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DISCLOSURE CONTROLS ANDPROCEDURESCi
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FINANCIAL STATEMENTS AND NOTES TABL
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CONSOLIDATED STATEMENT OF COMPREHEN
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CONSOLIDATED BALANCE SHEET(Continue
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CONSOLIDATED STATEMENT OF CASH FLOW
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ACCOUNTING CHANGESPresentation of C
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2. DISCONTINUED OPERATIONSSale of E
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4. INTEREST REVENUE AND EXPENSEFor
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period. The 2012 deferred cash awar
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9. EARNINGS PER SHAREThe following
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11. INVESTMENTSOverviewIn millions
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The following table presents the am
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During the first quarter of 2011, t
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Evaluating Investments for Other-Th
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Recognition and Measurement of OTTI
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12. LOANSCitigroup loans are report
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Consumer Credit Scores (FICO)In the
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In millions of dollarsRecordedinves
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Corporate LoansCorporate loans repr
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Corporate Loans Credit Quality Indi
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Corporate Troubled Debt Restructuri
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14. GOODWILL AND INTANGIBLE ASSETSG
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15. DEBTShort-Term BorrowingsShort-
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16. CHANGES IN ACCUMULATED OTHER CO
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THIS PAGE INTENTIONALLY LEFT BLANK.
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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 Securitizations—Citic
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The range in the key assumptions is
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The market for MSRs is not sufficie
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investors in the form of funded not
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are tendered and the Company (in it
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18. DERIVATIVES ACTIVITIESIn the or
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Derivative Mark-to-Market (MTM) Rec
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Key aspects of achieving ASC 815 he
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Credit DerivativesA credit derivati
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19. FAIR VALUE MEASUREMENTASC 820-1
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The key inputs depend upon the type
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Items Measured at Fair Value on a R
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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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Net realized/unrealizedgains (losse
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— Purchases of Corporate debt tra
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Fair Value(in millions) Methodology
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Items Measured at Fair Value on a N
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20. FAIR VALUE ELECTIONSThe Company
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The following table provides inform
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The following table provides inform
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Financial standby letters of credit
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Value-Transfer NetworksThe Company
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Credit Commitments and Lines of Cre
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Mortgage-Backed Securities and CDO
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Condensed Consolidating Statements
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Condensed Consolidating Balance She
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Condensed Consolidating Statements
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LEGAL PROCEEDINGSFor a discussion o
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Item 6. ExhibitsSee Exhibit Index.1
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EXHIBIT INDEX3.01.1 Restated Certif
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7.3 billion - Citigroup

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