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Published: 2022-01-14 00:00:00 ET

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Exhibit 99.2

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CITIGROUP -- QUARTERLY FINANCIAL DATA SUPPLEMENT		4Q21


		Page
	Citigroup
	Financial Summary	1
	Consolidated Statement of Income	2
	Consolidated Balance Sheet	3
	Segment and Business Details
	Net Revenues	4
	Income, Regional Average Assets and ROA	5

	Institutional Clients Group (ICG)	6
	Revenues by Business	7
	Global Consumer Banking (GCB)	8
	Retail Banking and Cards Key Indicators	9
	North America	10 - 12
	Latin America⁽¹⁾	13 - 14
	Asia⁽²⁾	15 - 16
	Corporate / Other	17

	Citigroup Supplemental Detail
	Average Balances and Interest Rates	18
	Deposits	19
	EOP Loans	20
	Consumer Loan Delinquencies and Ratios
	90+ Days	21
	30-89 Days	22
	Allowance for Credit Losses on Loans and Unfunded Lending Commitments	23 - 24
	Components of Provision for Credit Losses on Loans	25
	Non-Accrual Assets	26
	CET1 Capital and Supplementary Leverage Ratios, Tangible Common Equity,	27
	Book Value Per Share and Tangible Book Value Per Share

(1)	Latin America GCB consists of Citi's consumer banking operations in Mexico.

(2)	Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

CITIGROUP FINANCIAL SUMMARY

(In millions of dollars, except per share amounts and as otherwise noted)


											4Q21 Increase/				Full		FY		FY		FY 2021 vs.
	4Q		1Q		2Q		3Q		4Q		(Decrease) from				Year		Year		Year		FY 2020 Increase/
	2020		2021		2021		2021		2021		3Q21		4Q20		2019		2020		2021		(Decrease)

Total revenues, net of interest expense⁽¹⁾⁽²⁾	$	16,832	$	19,667	$	17,753	$	17,447	$	17,017	(2%)		1%		$	75,067	$	75,501	$	71,884	(5%)
Total operating expenses⁽¹⁾⁽³⁾		11,437		11,413		11,471		11,777		13,532	15%		18%			42,783		44,374		48,193	9%
Net credit losses (NCLs)		1,472		1,748		1,320		961		866	(10%)		(41%)			7,768		7,611		4,895	(36%)
Credit reserve build / (release) for loans		(1,848)		(3,227)		(2,446)		(1,149)		(1,176)	(2%)		36%			450		8,311		(7,998)	NM
Provision / (release) for unfunded lending commitments		352		(626)		44		(13)		(193)	NM		NM			92		1,446		(788)	NM
Provisions for benefits and claims, HTM debt securities and other assets		(22)		50		16		9		38	NM		NM			73		127		113	(11%)
Provisions for credit losses and for benefits and claims		(46)		(2,055)		(1,066)		(192)		(465)	NM		NM			8,383		17,495		(3,778)	NM
Income from continuing operations before income taxes		5,441		10,309		7,348		5,862		3,950	(33%)		(27%)			23,901		13,632		27,469	NM
Income taxes⁽⁴⁾		1,116		2,332		1,155		1,193		771	(35%)		(31%)			4,430		2,525		5,451	NM
Income from continuing operations		4,325		7,977		6,193		4,669		3,179	(32%)		(26%)			19,471		11,107		22,018	98%
Income (loss) from discontinued operations, net of taxes		6		(2)		10		(1)		-	100%		(100%)			(4)		(20)		7	NM
Net income before noncontrolling interests		4,331		7,975		6,203		4,668		3,179	(32%)		(27%)			19,467		11,087		22,025	99%
Net income (loss) attributable to noncontrolling interests		22		33		10		24		6	(75%)		(73%)			66		40		73	83%
Citigroup's net income	$	4,309	$	7,942	$	6,193	$	4,644	$	3,173	(32%)		(26%)		$	19,401	$	11,047	$	21,952	99%

Diluted earnings per share⁽⁵⁾:
Income from continuing operations	$	1.92	$	3.62	$	2.84	$	2.15	$	1.46	(32%)		(24%)		$	8.04	$	4.73	$	10.14	NM
Citigroup's net income	$	1.92	$	3.62	$	2.85	$	2.15	$	1.46	(32%)		(24%)		$	8.04	$	4.72	$	10.14	NM
Shares (in millions)⁽⁵⁾:
Average basic		2,081.9		2,082.0		2,056.5		2,009.3		1,984.3	(1%)		(5%)			2,249.2		2,085.8		2,033.0	(3%)
Average diluted		2,095.7		2,096.6		2,073.0		2,026.2		2,001.6	(1%)		(4%)			2,265.3		2,099.0		2,049.4	(2%)
Common shares outstanding, at period end		2,082.1		2,067.0		2,026.8		1,984.3		1,984.4	-		(5%)

Preferred dividends	$	267	$	292	$	253	$	266	$	229	(14%)		(14%)		$	1,109	$	1,095	$	1,040	(5%)

Income allocated to unrestricted common shareholders - basic
Income from continuing operations	$	4,014	$	7,586	$	5,889	$	4,353	$	2,924	(33%)		(27%)		$	18,174	$	9,899	$	20,751	NM
Citigroup's net income	$	4,020	$	7,584	$	5,899	$	4,352	$	2,924	(33%)		(27%)		$	18,171	$	9,879	$	20,758	NM

Income allocated to unrestricted common shareholders - diluted⁽⁵⁾
Income from continuing operations	$	4,021	$	7,593	$	5,897	$	4,361	$	2,932	(33%)		(27%)		$	18,207	$	9,930	$	20,781	NM
Citigroup's net income	$	4,027	$	7,591	$	5,907	$	4,360	$	2,932	(33%)		(27%)		$	18,204	$	9,909	$	20,788	NM

Regulatory capital ratios and performance metrics⁽⁶⁾:
Common Equity Tier 1 (CET1) Capital ratio⁽⁷⁾⁽⁸⁾		11.73%		11.78%		11.83%		11.65%		12.2%
Tier 1 Capital ratio⁽⁷⁾⁽⁸⁾		13.31%		13.49%		13.35%		13.15%		13.9%
Total Capital ratio⁽⁷⁾⁽⁸⁾		15.61%		15.64%		15.63%		15.37%		16.1%
Supplementary Leverage ratio (SLR)⁽⁸⁾⁽⁹⁾		7.00%		6.96%		5.84%		5.80%		5.7%
Return on average assets		0.75%		1.39%		1.06%		0.79%		0.53%						0.98%		0.50%		0.94%
Return on average common equity		9.1%		17.2%		13.0%		9.5%		6.4%						10.3%		5.7%		11.5%
Efficiency ratio (total operating expenses/total revenues, net)		67.9%		58.0%		64.6%		67.5%		79.5%	1,200	bps	1,160	bps		57.0%		58.8%		67.0%	820	bps

Balance sheet data (in billions of dollars, except per share amounts)⁽⁶⁾:
Total assets	$	2,260.1	$	2,314.3	$	2,327.9	$	2,361.9	$	2,291.4	(3%)		1%
Total average assets		2,299.3		2,316.8		2,341.8		2,346.0		2,386.0	2%		4%			1,978.8	$	2,226.5	$	2,347.7	5%
Total deposits		1,280.7		1,301.0		1,310.3		1,347.5		1,317.2	(2%)		3%
Citigroup's stockholders' equity		199.4		202.5		202.2		200.9		202.0	1%		1%
Book value per share		86.43		88.18		90.86		92.16		92.21	-		7%
Tangible book value per share⁽¹⁰⁾		73.67		75.50		77.87		79.07		79.16	-		7%

Direct staff (in thousands)		210		211		214		220		223	1%		6%

(1)

During 4Q21, Citi reclassified deposit insurance expenses from Interest expense to Other operating expenses for all periods presented. Amounts reclasssified for each quarter were $333 million for 4Q20, $340 million for 1Q21, $279 million for 2Q21, $293 million for 3Q21, and $295 million for 4Q21.

(2)

3Q21 includes an approximate $680 million loss on sale (approximately $580 million after-tax), with both amounts subject to closing adjustments, related to the announced sale of Citi's consumer banking operations in Australia.

(3)

4Q21 includes an approximate $1.052 billion charge (approximately $792 million after-tax), with both amounts subject to closing adjustments, related to Voluntary Early Retirement Plan (VERP) related to the announced wind-down of Citi's consumer banking operations in Korea.

(4)

2Q21 includes an approximate $450 million benefit from a reduction in Citi’s valuation allowance related to its Deferred Tax Assets (DTAs).

(5)

Certain securities are excluded from the second quarter of 2020 diluted EPS calculation because they were anti-dilutive. Year-to-date EPS will not equal the sum of the individual quarters because the year-to-date EPS calculation is a separate calculation.

(6)

4Q21 is preliminary.

(7)

Citi's reportable CET1 Capital and Tier 1 Capital ratios were derived under the U.S. Basel III Standardized Approach framework beginning in June 30, 2021, and the U.S. Basel III Advanced Approaches framework for December 31, 2020 and March 31, 2021, whereas Citi's reportable Total Capital ratios were derived under the U.S. Basel III Advanced Approaches framework for all periods presented. The reportable ratios represent the more binding of each of the three risk-based capital ratios (CET1 Capital, Tier 1 Capital and Total Capital) under both the Standardized Approach and the Advanced Approaches under the Collins Amendment. For the composition of Citi's CET1 Capital and ratio, see page 27.

(8)

Citi has elected to apply the modified transition provision related to the impact of the CECL accounting standard on regulatory capital, as provided by the U.S. banking agencies’ September 2020 final rule. For additional information, see "Capital Resources" in Citi's 2020 Form 10-K.

(9)

For the composition of Citi's SLR, see page 27.

(10)

Tangible book value per share is a non-GAAP financial measure. For a reconciliation of this measure to reported results, see page 27.

Note: Ratios and variance percentages are calculated based on the displayed amounts. Due to averaging and roundings, quarterly earnings per share may not sum to the YTD totals.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)


											4Q21 Increase/		Full		FY		FY		FY 2021 vs.
	4Q		1Q		2Q		3Q		4Q		(Decrease) from		Year		Year		Year		FY 2020 Increase/
	2020		2021		2021		2021		2021		3Q21	4Q20	2019		2020		2021		(Decrease)
Revenues
Interest revenue	$	13,047	$	12,534	$	12,463	$	12,650	$	12,828	1%	(2%)	$	76,510	$	58,089	$	50,475	(13%)
Interest expense⁽¹⁾		2,231		2,028		1,985		1,959		2,009	3%	(10%)		28,382		13,338		7,981	(40%)
Net interest income (NII)		10,816		10,506		10,478		10,691		10,819	1%	-		48,128		44,751		42,494	(5%)

Commissions and fees		2,678		3,670		3,374		3,399		3,229	(5%)	21%		11,746		11,385		13,672	20%
Principal transactions		1,959		3,913		2,304		2,233		1,704	(24%)	(13%)		8,892		13,885		10,154	(27%)
Administrative and other fiduciary fees		907		961		1,022		1,007		953	(5%)	5%		3,411		3,472		3,943	14%
Realized gains (losses) on investments		272		401		137		117		10	(91%)	(96%)		1,474		1,756		665	(62%)
Impairment losses on investments and other assets		(11)		(69)		(13)		(30)		(97)	NM	NM		(32)		(165)		(209)	(27%)
Provision for credit losses on AFS debt securities⁽²⁾		1		-		-		(1)		1	NM	-		-		(3)		-	100%
Other revenue (loss)		210		285		451		31		398	NM	90%		1,448		420		1,165	NM
Total non-interest revenues		6,016		9,161		7,275		6,756		6,198	(8%)	3%		26,939		30,750		29,390	(4%)
Total revenues, net of interest expense		16,832		19,667		17,753		17,447		17,017	(2%)	1%		75,067		75,501		71,884	(5%)


Provisions for credit losses and for benefits and claims
Net credit losses		1,472		1,748		1,320		961		866	(10%)	(41%)		7,768		7,611		4,895	(36%)
Credit reserve build / (release) for loans		(1,848)		(3,227)		(2,446)		(1,149)		(1,176)	(2%)	36%		450		8,311		(7,998)	NM
Provision for credit losses on loans		(376)		(1,479)		(1,126)		(188)		(310)	(65%)	18%		8,218		15,922		(3,103)	NM
Provision for credit losses on held-to-maturity (HTM) debt securities		(14)		(11)		4		(10)		14	NM	NM		-		7		(3)	NM
Provision for credit losses on other assets		(24)		9		(3)		(3)		(3)	-	88%		-		7		-	(100%)
Policyholder benefits and claims		16		52		15		22		27	23%	69%		73		113		116	3%
Provision for credit losses on unfunded lending commitments		352		(626)		44		(13)		(193)	NM	NM		92		1,446		(788)	NM
Total provisions for credit losses and for benefits and claims		(46)		(2,055)		(1,066)		(192)		(465)	NM	NM		8,383		17,495		(3,778)	NM

Operating expenses
Compensation and benefits		5,341		6,001		5,982		6,058		7,093	17%	33%		21,433		22,214		25,134	13%
Premises and equipment		631		576		558		560		620	11%	(2%)		2,328		2,333		2,314	(1%)
Technology / communication		2,028		1,852		1,895		1,997		2,084	4%	3%		7,077		7,383		7,828	6%
Advertising and marketing		352		270		340		402		478	19%	36%		1,516		1,217		1,490	22%
Other operating⁽¹⁾		3,085		2,714		2,696		2,760		3,257	18%	6%		10,429		11,227		11,427	2%
Total operating expenses		11,437		11,413		11,471		11,777		13,532	15%	18%		42,783		44,374		48,193	9%


Income from continuing operations before income taxes		5,441		10,309		7,348		5,862		3,950	(33%)	(27%)		23,901		13,632		27,469	NM
Provision for income taxes⁽³⁾		1,116		2,332		1,155		1,193		771	(35%)	(31%)		4,430		2,525		5,451	NM

Income (loss) from continuing operations		4,325		7,977		6,193		4,669		3,179	(32%)	(26%)		19,471		11,107		22,018	98%
Discontinued operations
Income (loss) from discontinued operations		6		(2)		10		(1)		-	100%	(100%)		(31)		(20)		7	NM
Provision (benefit) for income taxes		-		-		-		-		-	-	-		(27)		-		-	-
Income (loss) from discontinued operations, net of taxes		6		(2)		10		(1)		-	100%	(100%)		(4)		(20)		7	NM

Net income before noncontrolling interests		4,331		7,975		6,203		4,668		3,179	(32%)	(27%)		19,467		11,087		22,025	99%

Net income (loss) attributable to noncontrolling interests		22		33		10		24		6	(75%)	(73%)		66		40		73	83%
Citigroup's net income	$	4,309	$	7,942	$	6,193	$	4,644	$	3,173	(32%)	(26%)	$	19,401	$	11,047	$	21,952	99%

(1)	See footnote 1 on page 1.

(2)	In accordance with ASC 326.

(3)	See footnote 4 on page 1.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)


											4Q21 Increase/
	December 31,		March 31,		June 30,		September 30,		December 31,		(Decrease) from
	2020		2021		2021		2021		2021⁽¹⁾		3Q21	4Q20
Assets
Cash and due from banks (including segregated cash and other deposits)	$	26,349	$	26,204	$	27,117	$	28,906	$	27,515	(5%)	4%
Deposits with banks, net of allowance		283,266		298,478		272,121		294,902		234,518	(20%)	(17%)
Securities borrowed and purchased under agreements to resell, net of allowance		294,712		315,072		309,047		337,696		327,288	(3%)	11%
Brokerage receivables, net of allowance		44,806		60,465		61,138		59,487		54,340	(9%)	21%
Trading account assets		375,079		360,659		370,950		342,914		331,945	(3%)	(11%)
Investments
Available-for-sale debt securities, net of allowance		335,084		304,036		302,977		295,573		288,522	(2%)	(14%)
Held-to-maturity debt securities, net of allowance		104,943		161,742		176,742		198,056		216,963	10%	NM
Equity securities		7,332		7,181		7,344		7,220		7,337	2%	–
Total investments		447,359		472,959		487,063		500,849		512,822	2%	15%
Loans, net of unearned income
Consumer		288,839		274,034		275,895		264,250		271,236	3%	(6%)
Corporate		387,044		391,954		400,939		400,514		396,531	(1%)	2%
Loans, net of unearned income		675,883		665,988		676,834		664,764		667,767	–	(1%)
Allowance for credit losses on loans (ACLL)		(24,956)		(21,638)		(19,238)		(17,715)		(16,455)	7%	34%
Total loans, net		650,927		644,350		657,596		647,049		651,312	1%	–
Goodwill		22,162		21,905		22,060		21,573		21,299	(1%)	(4%)
Intangible assets (including MSRs)		4,747		4,741		4,687		4,553		4,495	(1%)	(5%)
Other assets, net of allowance		110,683		109,433		116,089		123,947		125,879	2%	14%
Total assets	$	2,260,090	$	2,314,266	$	2,327,868	$	2,361,876	$	2,291,413	(3%)	1%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	126,942	$	138,192	$	149,373	$	145,103	$	158,552	9%	25%
Interest-bearing deposits in U.S. offices		503,213		497,335		485,589		567,902		543,283	(4%)	8%
Total U.S. deposits		630,155		635,527		634,962		713,005		701,835	(2%)	11%
Non-interest-bearing deposits in offices outside the U.S.		100,543		101,662		101,723		94,016		97,270	3%	(3%)
Interest-bearing deposits in offices outside the U.S.		549,973		563,786		573,596		540,507		518,125	(4%)	(6%)
Total international deposits		650,516		665,448		675,319		634,523		615,395	(3%)	(5%)

Total deposits		1,280,671		1,300,975		1,310,281		1,347,528		1,317,230	(2%)	3%
Securities loaned and sold under agreements to resell		199,525		219,168		221,817		209,184		191,285	(9%)	(4%)
Brokerage payables		50,484		60,907		59,416		60,501		61,430	2%	22%
Trading account liabilities		168,027		179,117		174,706		179,286		161,529	(10%)	(4%)
Short-term borrowings		29,514		32,087		31,462		29,683		27,973	(6%)	(5%)
Long-term debt		271,686		256,335		264,575		258,274		254,374	(2%)	(6%)
Other liabilities⁽²⁾		59,983		62,404		62,701		75,810		74,920	(1%)	25%
Total liabilities	$	2,059,890	$	2,110,993	$	2,124,958	$	2,160,266	$	2,088,741	(3%)	1%

Equity
Stockholders' equity
Preferred stock	$	19,480	$	20,280	$	17,995	$	17,995	$	18,995	6%	(2%)
Common stock		31		31		31		31		31	–	–
Additional paid-in capital		107,846		107,694		107,820		107,922		108,003	–	–
Retained earnings		168,272		174,816		179,686		183,024		184,948	1%	10%
Treasury stock, at cost		(64,129)		(65,261)		(68,253)		(71,246)		(71,240)	–	(11%)
Accumulated other comprehensive income (loss) (AOCI)⁽³⁾		(32,058)		(35,011)		(35,120)		(36,851)		(38,765)	(5%)	(21%)
Total common equity	$	179,962	$	182,269	$	184,164	$	182,880	$	182,977	–	2%

Total Citigroup stockholders' equity	$	199,442	$	202,549	$	202,159	$	200,875	$	201,972	1%	1%
Noncontrolling interests		758		724		751		735		700	(5%)	(8%)
Total equity		200,200		203,273		202,910		201,610		202,672	1%	1%
Total liabilities and equity	$	2,260,090	$	2,314,266	$	2,327,868	$	2,361,876	$	2,291,413	(3%)	1%

(1)Preliminary.

(2)Includes allowance for credit losses for unfunded lending commitments. See page 23 for amounts by period.

(3)

September 30, 2021 and December 31, 2021, include an approximate $475 million (after-tax) currency translation adjustment (CTA) loss (net of hedges) associated with its consumer banking operations in Australia (see footnote 2 on page 1). The transaction generated a pretax loss on sale of approximately $680 million upon classification to held-for-sale ($580 million after-tax), with both amounts subject to closing adjustments.

The loss on sale primarily reflects the impact of a pretax $625 million CTA loss (net of hedges) ($475 million after-tax) already reflected in the Accumulated Other Comprehensive Income (AOCI) component of equity. Upon closing, the CTA-related balance will be removed from the AOCI component of equity, resulting in a neutral impact from CTA to Citi’s Common Equity Tier 1 Capital.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 3

SEGMENT DETAIL

NET REVENUES⁽¹⁾

(In millions of dollars)



											4Q21 Increase/		Full		FY		FY		FY 2021 vs.
	4Q		1Q		2Q		3Q		4Q		(Decrease) from		Year		Year		Year		FY 2020 Increase/
	2020		2021		2021		2021		2021		3Q21	4Q20	2019		2020		2021		(Decrease)

Institutional Clients Group
North America	$	3,412	$	4,979	$	3,780	$	4,214	$	3,775	(10%)	11%	$	13,603	$	17,476	$	16,748	(4%)
EMEA		2,926		3,777		3,303		3,148		2,866	(9%)	(2%)		12,157		13,041		13,094	-
Latin America		1,110		1,172		1,208		1,295		1,271	(2%)	15%		5,275		4,981		4,946	(1%)
Asia		2,059		2,525		2,286		2,330		1,958	(16%)	(5%)		8,789		9,590		9,099	(5%)
Total		9,507		12,453		10,577		10,987		9,870	(10%)	4%		39,824		45,088		43,887	(3%)

Global Consumer Banking
North America		4,695		4,469		4,231		4,369		4,412	1%	(6%)		20,460		19,284		17,481	(9%)
Latin America		1,122		1,033		1,078		1,064		1,075	1%	(4%)		5,334		4,466		4,250	(5%)
Asia⁽²⁾⁽³⁾		1,588		1,636		1,596		915		1,452	59%	(9%)		7,427		6,592		5,599	(15%)
Total		7,405		7,138		6,905		6,348		6,939	9%	(6%)		33,221		30,342		27,330	(10%)

Corporate / Other		(80)		76		271		112		208	86%	NM		2,022		71		667	NM

Total net revenues	$	16,832	$	19,667	$	17,753	$	17,447	$	17,017	(2%)	1%	$	75,067	$	75,501	$	71,884	(5%)

(1)	See footnote 1 on page 1.

(2)	Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(3)	See footnote 2 on page 1.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 4

SEGMENT DETAIL

INCOME

(In millions of dollars)


												4Q21 Increase/		Full		FY		FY		FY 2021 vs.
		4Q		1Q		2Q		3Q		4Q		(Decrease) from		Year		Year		Year		FY 2020 Increase/
		2020		2021		2021		2021		2021		3Q21	4Q20	2019		2020		2021		(Decrease)

Income (loss) from continuing operations⁽²⁾


	Institutional Clients Group
	North America	$	801	$	2,779	$	1,253	$	854	$	895	5%	12%	$	3,407	$	3,310	$	5,781	75%
	EMEA		891		1,466		1,156		1,035		690	(33%)	(23%)		3,836		3,280		4,347	33%
	Latin America		963		645		597		665		522	(22%)	(46%)		2,101		1,390		2,429	75%
	Asia		645		1,048		823		889		446	(50%)	(31%)		3,432		3,573		3,206	(10%)
	Total		3,300		5,938		3,829		3,443		2,553	(26%)	(23%)		12,776		11,553		15,763	36%

	Global Consumer Banking
	North America		968		1,857		1,309		1,448		1,320	(9%)	36%		3,157		(46)		5,934	NM
	Latin America		166		52		352		228		166	(27%)	-		885		241		798	NM
	Asia^(3)(4)(5)		98		262		171		(342)		(777)	NM	NM		1,537		468		(686)	NM
	Total		1,232		2,171		1,832		1,334		709	(47%)	(42%)		5,579		663		6,046	NM

	Corporate / Other		(207)		(132)		532		(108)		(83)	23%	60%		1,116		(1,109)		209	NM

	Income from continuing operations	$	4,325	$	7,977	$	6,193	$	4,669	$	3,179	(32%)	(26%)	$	19,471	$	11,107	$	22,018	98%

	Discontinued operations		6		(2)		10		(1)		-	100%	(100%)		(4)		( 20)		7	NM

	Net income attributable to noncontrolling interests		22		33		10		24		6	(75%)	(73%)		66		40		73	83%

	Net income	$	4,309	$	7,942	$	6,193	$	4,644	$	3,173	(32%)	(26%)	$	19,401	$	11,047	$	21,952	99%

	Average assets (in billions)
	North America	$	1,262	$	1,261	$	1,265	$	1,268	$	1,285	1%	2%	$	1,034	$	1,220	$	1,270	4%
	EMEA⁽³⁾		419		434		453		451		474	5%	13%		363		405		453	12%
	Latin America		129		124		125		127		127	-	(2%)		129		129		126	(2%)
	Asia⁽³⁾		393		407		400		404		402	-	2%		356		379		403	6%
	Corporate / Other		96		91		99		96		98	2%	2%		97		94		96	2%
	Total	$	2,299	$	2,317	$	2,342	$	2,346	$	2,386	2%	4%	$	1,979	$	2,227	$	2,348	5%

	Return on average assets (ROA) on net income (loss)
	North America		0.56%		1.49%		0.81%		0.72%		0.69%				0.64%		0.27%		0.92%
	EMEA⁽³⁾		0.83%		1.33%		1.02%		0.90%		0.57%				1.04%		0.80%		0.94%
	Latin America		3.48%		2.28%		3.05%		2.79%		2.15%				2.31%		1.26%		2.56%
	Asia^(3)(4)(5)		0.75%		1.31%		1.00%		0.54%		(0.32%)				1.39%		1.07%		0.63%
	Corporate / Other		(0.84%)		(0.59)%		2.20%		(0.46%)		(0.34%)				1.13%		(1.19%)		0.22%
	Total		0.75%		1.39%		1.06%		0.79%		0.53%				0.98%		0.50%		0.94%

(1)	See footnote 1 on page 1.

(2)

During the first quarter of 2021, Citi changed its cost allocations for certain recurring expenses related to investments in infrastructure, and risk and controls, attributing them from Corporate/Other to GCB and ICG. This reclassification between businesses had no impact on Citi’s EBIT or Net income for any period. Prior-period amounts have been reclassified to conform to the current period's presentation.

(3)	Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(4)	See footnote 2 on page 1.

(5)	See footnote 3 on page 1.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 5

INSTITUTIONAL CLIENTS GROUP⁽¹⁾

(In millions of dollars, except as otherwise noted)


											4Q21 Increase/				Full		FY		FY		FY 2021 vs.
	4Q		1Q		2Q		3Q		4Q		(Decrease) from				Year		Year		Year		FY 2020 Increase/
	2020		2021		2021		2021		2021		3Q21		4Q20		2019		2020		2021		(Decrease)

Commissions and fees	$	1,064	$	1,252	$	1,186	$	1,160	$	1,152	(1%)		8%		$	4,462	$	4,412	$	4,750	8%
Administration and other fiduciary fees		755		814		865		845		827	(2%)		10%			2,756		2,877		3,351	16%
Investment banking		1,107		1,800		1,575		1,692		1,674	(1%)		51%			4,440		5,009		6,741	35%
Principal transactions		1,748		3,842		2,213		2,297		1,712	(25%)		(2%)			8,562		13,308		10,064	(24%)
Other		247		360		324		609		91	(85%)		(63%)			1,829		1,149		1,384	20%
Total non-interest revenue		4,921		8,068		6,163		6,603		5,456	(17%)		11%			22,049		26,755		26,290	(2%)
Net interest income (including dividends)⁽²⁾		4,586		4,385		4,414		4,384		4,414	1%		(4%)			17,775		18,333		17,597	(4%)
Total revenues, net of interest expense		9,507		12,453		10,577		10,987		9,870	(10%)		4%			39,824		45,088		43,887	(3%)
Total operating expenses⁽²⁾		6,269		6,541		6,454		6,599		6,919	5%		10%			22,961		24,617		26,513	8%
Net credit losses on loans		210		186		89		40		81	NM		(61%)			394		987		396	(60%)
Credit reserve build / (release) for loans		(1,620)		(1,312)		(949)		(65)		(207)	NM		87%			71		3,172		(2,533)	NM
Provision for credit losses on unfunded lending commitments		352		(621)		46		(13)		(189)	NM		NM			98		1,435		(777)	NM
Provisions for credit losses for HTM debt securities and other assets		(23)		(5)		4		(8)		10	NM		NM			-		21		1	(95%)
Provision for credit losses		(1,081)		(1,752)		(810)		(46)		(305)	NM		72%			563		5,615		(2,913)	NM
Income from continuing operations before taxes		4,319		7,664		4,933		4,434		3,256	(27%)		(25%)			16,300		14,856		20,287	37%
Income taxes		1,019		1,726		1,104		991		703	(29%)		(31%)			3,524		3,303		4,524	37%
Income from continuing operations		3,300		5,938		3,829		3,443		2,553	(26%)		(23%)			12,776		11,553		15,763	36%
Noncontrolling interests		22		37		12		24		10	(58%)		(55%)			40		50		83	66%
Net income	$	3,278	$	5,901	$	3,817	$	3,419	$	2,543	(26%)		(22%)		$	12,736	$	11,503	$	15,680	36%
EOP assets (in billions)	$	1,730	$	1,776	$	1,795	$	1,819	$	1,762	(3%)		2%		$	1,447	$	1,730	$	1,762	2%
Average assets (in billions)		1,756		1,787		1,806		1,809		1,847	2%		5%			1,493	$	1,706	$	1,812	6%
Return on average assets (ROA)		0.74%		1.34%		0.85%		0.75%		0.55%						0.85%		0.67%		0.87%
Efficiency ratio		66%		53%		61%		60%		70%	1,000	bps	400	bps		58%		55%		60%	500	bps

Revenue by region
North America	$	3,412	$	4,979	$	3,780	$	4,214	$	3,775	(10%)		11%		$	13,603	$	17,476	$	16,748	(4%)
EMEA		2,926		3,777		3,303		3,148		2,866	(9%)		(2%)			12,157		13,041		13,094	-
Latin America		1,110		1,172		1,208		1,295		1,271	(2%)		15%			5,275		4,981		4,946	(1%)
Asia		2,059		2,525		2,286		2,330		1,958	(16%)		(5%)			8,789		9,590		9,099	(5%)
Total revenues, net of interest expense	$	9,507	$	12,453	$	10,577	$	10,987	$	9,870	(10%)		4%		$	39,824	$	45,088	$	43,887	(3%)

Income (loss) from continuing operations by region
North America	$	801	$	2,779	$	1,253	$	854	$	895	5%		12%		$	3,407	$	3,310	$	5,781	75%
EMEA		891		1,466		1,156		1,035		690	(33%)		(23%)			3,836		3,280		4,347	33%
Latin America		963		645		597		665		522	(22%)		(46%)			2,101		1,390		2,429	75%
Asia		645		1,048		823		889		446	(50%)		(31%)			3,432		3,573		3,206	(10%)
Income from continuing operations	$	3,300	$	5,938	$	3,829	$	3,443	$	2,553	(26%)		(23%)		$	12,776	$	11,553	$	15,763	36%

Average loans by region (in billions)
North America	$	193	$	195	$	201	$	205	$	207	1%		7%		$	188	$	201	$	202	-
EMEA		86		89		90		90		88	(2%)		2%			87		88		89	1%
Latin America		35		32		32		32		32	-		(9%)			40		39		32	(18%)
Asia		68		71		73		74		74	-		9%			73		71		73	3%
Total	$	382	$	387	$	396	$	401	$	401	-		5%		$	388	$	399	$	396	(1%)

EOP deposits by region (in billions)
North America	$	472	$	470	$	471	$	505	$	487	(4%)		3%
EMEA		218		232		232		229		222	(3%)		2%
Latin America		44		45		46		47		46	(3%)		3%
Asia		190		191		198		205		195	(5%)		3%
Total	$	924	$	938	$	947	$	986	$	950	(4%)		3%

EOP deposits by business (in billions)
Treasury and trade solutions	$	651	$	649	$	644	$	676	$	636	(6%)		(2%)
All other ICG businesses		273		289		303		310		314	1%		15%
Total	$	924	$	938	$	947	$	986	$	950	(4%)		3%

(1) See footnote 2 on page 5.

(2) See footnote 1 on page 1.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 6

INSTITUTIONAL CLIENTS GROUP

REVENUES BY BUSINESS

(In millions of dollars, except as otherwise noted)


											4Q21 Increase/		Full		FY		FY		FY 2021 vs.
	4Q		1Q		2Q		3Q		4Q		(Decrease) from		Year		Year		Year		FY 2020 Increase/
	2020		2021		2021		2021		2021		3Q21	4Q20	2019		2020		2021		(Decrease)

Revenue Details
Investment banking
Advisory	$	232	$	281	$	405	$	539	$	571	6%	NM	$	1,259	$	1,010	$	1,796	78%
Equity underwriting		438		876		544		507		507	-	16%		973		1,593		2,434	53%
Debt underwriting		617		816		823		877		767	(13%)	24%		2,984		3,184		3,283	3%
Total investment banking		1,287		1,973		1,772		1,923		1,845	(4%)	43%		5,216		5,787		7,513	30%
Treasury and trade solutions		2,482		2,250		2,365		2,370		2,459	4%	(1%)		10,513		9,824		9,444	(4%)
Corporate lending - excluding gain/(loss) on loan hedges⁽¹⁾		586		515		572		656		548	(16%)	(6%)		2,985		2,310		2,291	(1%)
Private bank - excluding gain/(loss) on loan hedges⁽¹⁾		911		1,046		1,007		989		963	(3%)	6%		3,487		3,794		4,005	6%
Total banking revenues (ex-gain/(loss) on loan hedges)⁽¹⁾	$	5,266	$	5,784	$	5,716	$	5,938	$	5,815	(2%)	10%	$	22,201	$	21,715	$	23,253	7%

Gain/(loss) on loan hedges⁽¹⁾		(312)		(81)		(37)		(47)		21	NM	NM		(432)		(51)		(144)	NM
Total banking revenues including g/(l) on loan hedges⁽¹⁾	$	4,954	$	5,703	$	5,679	$	5,891	$	5,836	(1%)	18%	$	21,769	$	21,664	$	23,109	7%

Fixed income markets	$	3,177	$	4,644	$	3,283	$	3,257	$	2,536	(22%)	(20%)	$	13,074	$	17,588	$	13,720	(22%)
Equity markets		810		1,476		1,058		1,226		785	(36%)	(3%)		2,908		3,624		4,545	25%
Securities services		654		657		677		698		688	(1%)	5%		2,642		2,562		2,720	6%
Other		(88)		(27)		(120)		(85)		25	NM	NM		(569)		(350)		(207)	41%
Total markets and securities services	$	4,553	$	6,750	$	4,898	$	5,096	$	4,034	(21%)	(11%)	$	18,055	$	23,424	$	20,778	(11%)
Total revenues, net of interest expense	$	9,507	$	12,453	$	10,577	$	10,987	$	9,870	(10%)	4%	$	39,824	$	45,088	$	43,887	(3%)

Taxable-equivalent adjustments⁽²⁾	$	137	$	99	$	166	$	90	$	154	71%	12%	$	448	$	415	$	509	23%

Total ICG revenues
including taxable-equivalent adjustments⁽²⁾	$	9,644	$	12,552	$	10,743	$	11,077	$	10,024	(10%)	4%	$	40,272	$	45,503	$	44,396	(2%)

Commissions and fees	$	175	$	200	$	182	$	198	$	213	8%	22%	$	782	$	677	$	793	17%
Principal transactions⁽³⁾		1,782		2,930		1,922		1,519		1,321	(13%)	(26%)		7,661		11,518		7,692	(33%)
Other		107		356		156		404		(85)	NM	NM		1,117		579		831	44%
Total non-interest revenue	$	2,064	$	3,486	$	2,260	$	2,121	$	1,449	(32%)	(30%)	$	9,560	$	12,774	$	9,316	(27%)
Net interest income		1,113		1,158		1,023		1,136		1,087	(4%)	(2%)		3,514		4,814		4,404	(9%)
Total fixed income markets	$	3,177	$	4,644	$	3,283	$	3,257	$	2,536	(22%)	(20%)	$	13,074	$	17,588	$	13,720	(22%)

Rates and currencies	$	2,013	$	3,039	$	1,997	$	2,128	$	1,739	(18%)	(14%)	$	9,242	$	12,162	$	8,903	(27%)
Spread products / other fixed income		1,164		1,605		1,286		1,129		797	(29%)	(32%)		3,832		5,426		4,817	(11%)
Total fixed income markets	$	3,177	$	4,644	$	3,283	$	3,257	$	2,536	(22%)	(20%)	$	13,074	$	17,588	$	13,720	(22%)

Commissions and fees	$	299	$	392	$	298	$	276	$	265	(4%)	(11%)	$	1,121	$	1,245	$	1,231	(1%)
Principal transactions⁽³⁾		189		835		222		688		241	(65%)	28%		775		1,281		1,986	55%
Other		45		32		87		38		34	(11%)	(24%)		172		322		191	(41%)
Total non-interest revenue	$	533	$	1,259	$	607	$	1,002	$	540	(46%)	1%	$	2,068	$	2,848	$	3,408	20%
Net interest income		277		217		451		224		245	9%	(12%)		840		776		1,137	47%
Total equity markets	$	810	$	1,476	$	1,058	$	1,226	$	785	(36%)	(3%)	$	2,908	$	3,624	$	4,545	25%

(1)

Credit derivatives are used to economically hedge a portion of the corporate loan portfolio that includes both accrual loans and loans at fair value. Gain/(loss) on loan hedges includes the mark-to-market on the credit derivatives partially offset by the mark-to-market on the loans in the portfolio that are at fair value. Hedges on accrual loans reflect the mark-to-market on credit derivatives used to economically hedge the corporate loan accrual portfolio. The fixed premium costs of these hedges are netted against the private bank and corporate lending revenues to reflect the cost of credit protection. Citigroup’s results of operations excluding the impact of gain/(loss) on loan hedges are non-GAAP financial measures.

(2)	Primarily relates to income tax credits related to affordable housing and alternative energy investments as well as tax exempt income from municipal bond investments.

(3)	Excludes principal transactions revenues of ICG businesses other than Markets, primarily treasury and trade solutions and the private bank.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 7

GLOBAL CONSUMER BANKING⁽¹⁾

Page 1

(In millions of dollars, except as otherwise noted)


											4Q21 Increase/				Full		FY		FY		FY 2021 vs.
	4Q		1Q		2Q		3Q		4Q		(Decrease) from				Year		Year		Year		FY 2020 Increase/
	2020		2021		2021		2021		2021		3Q21		4Q20		2019		2020		2021		(Decrease)

Net interest income ⁽²⁾	$	6,443	$	6,054	$	5,932	$	6,051	$	6,201	2%		(4%)		$	28,455	$	26,551	$	24,238		(9%)
Non-interest revenue⁽³⁾		962		1,084		973		297		738	NM		(23%)			4,766		3,791		3,092		(18%)
Total revenues, net of interest expense		7,405		7,138		6,905		6,348		6,939	9%		(6%)			33,221		30,342		27,330		(10%)
Total operating expenses (2) (4)		4,699		4,501		4,635		4,655		6,244	34%		33%			18,039		17,834		20,035		12%
Net credit losses on loans		1,272		1,580		1,253		944		805	(15%)		(37%)			7,382		6,646		4,582		(31%)
Credit reserve build / (release) for loans		(193)		(1,806)		(1,398)		(1,031)		(939)	9%		NM			439		4,951		(5,174)		NM
Provision for credit losses on unfunded lending commitments		(4)		-		1		1		(2)	NM		50%			1		-		-		-
Provisions for benefits and claims, and other assets		2		35		9		21		31	48%		NM			73		105		96		(9%)
Provisions for credit losses and for benefits and claims (PBC)		1,077		(191)		(135)		(65)		(105)	(62%)		NM			7,895		11,702		(496)		NM
Income (loss) from continuing operations before taxes		1,629		2,828		2,405		1,758		800	(54%)		(51%)			7,287		806		7,791		NM
Income taxes (benefits)		397		657		573		424		91	(79%)		(77%)			1,708		143		1,745		NM
Income (loss) from continuing operations		1,232		2,171		1,832		1,334		709	(47%)		(42%)			5,579		663		6,046		NM
Noncontrolling interests		(1)		(3)		(2)		(2)		(4)	(100%)		NM			6		(4)		(11)		NM
Net income (loss)	$	1,233	$	2,174	$	1,834	$	1,336	$	713	(47%)		(42%)		$	5,573	$	667	$	6,057		NM
EOP assets (in billions)	$	434	$	439	$	432	$	442	$	432	(2%)		-		$	407	$	434	$	432		-
Average assets (in billions)	$	447	$	439	$	437	$	441	$	441	-		(1%)		$	389	$	426	$	440		3%
Return on average assets		1.10%		2.01%		1.68%		1.20%		0.64%						1.43%		0.16%		1.38%
Efficiency ratio		63%		63%		67%		73%		90%	1,700	bps	2,700	bps		54%		59%		73%		1,400	bps

Net credit losses as a % of average loans		1.83%		2.36%		1.87%		1.42%		1.22%						2.60%		2.39%		1.72%

Revenue by business
Retail banking	$	3,010	$	2,920	$	2,869	$	2,216	$	2,771	25%		(8%)		$	12,758	$	11,996	$	10,776		(10%)
Cards⁽⁵⁾		4,395		4,218		4,036		4,132		4,168	1%		(5%)			20,463		18,346		16,554		(10%)
Total	$	7,405	$	7,138	$	6,905	$	6,348	$	6,939	9%		(6%)		$	33,221	$	30,342	$	27,330		(10%)

Net credit losses on loans by business
Retail banking	$	185	$	274	$	193	$	161	$	151	(6%)		(18%)		$	910	$	805	$	779		(3%)
Cards⁽⁵⁾		1,087		1,306		1,060		783		654	(16%)		(40%)			6,472		5,841		3,803		(35%)
Total	$	1,272	$	1,580	$	1,253	$	944	$	805	(15%)		(37%)		$	7,382	$	6,646	$	4,582		(31%)

Income from continuing operations by business
Retail banking	$	173	$	259	$	272	$	(326)	$	(1,035)	NM		NM		$	1,741	$	557	$	(830)		NM
Cards⁽⁵⁾		1,059		1,912		1,560		1,660		1,744	5%		65%			3,838		106		6,876		NM
Total	$	1,232	$	2,171	$	1,832	$	1,334	$	709	(47%)		(42%)		$	5,579	$	663	$	6,046		NM

Foreign currency (FX) translation impact
Total revenue - as reported	$	7,405	$	7,138	$	6,905	$	6,348	$	6,939	9%		(6%)		$	33,221	$	30,342	$	27,330		(10%)
Impact of FX translation⁽⁶⁾		(41)		(44)		(70)		(35)		-						(157)		323		-
Total revenues - Ex-FX⁽⁶⁾	$	7,364	$	7,094	$	6,835	$	6,313	$	6,939	10%		(6%)		$	33,064	$	30,665	$	27,330		(11%)

Total operating expenses - as reported	$	4,699	$	4,501	$	4,635	$	4,655	$	6,244	34%		33%		$	18,039	$	17,834	$	20,035		12%
Impact of FX translation⁽⁶⁾		(30)		(31)		(46)		(23)		-						(80)		212		-
Total operating expenses - Ex-FX⁽⁶⁾	$	4,669	$	4,470	$	4,589	$	4,632	$	6,244	35%		34%		$	17,959	$	18,046	$	20,035		11%

Total provisions for credit losses & PBC - as reported	$	1,077	$	(191)	$	(135)	$	(65)	$	(105)	(62%)		NM		$	7,895	$	11,702	$	(496)		NM
Impact of FX translation⁽⁶⁾		(8)		(6)		3		(1)		-						(51)		87		-
Total provisions for credit losses & PBC - Ex-FX⁽⁶⁾	$	1,069	$	(197)	$	(132)	$	(66)	$	(105)	(59%)		NM		$	7,844	$	11,789	$	(496)		NM

Net income (loss) - as reported	$	1,233	$	2,174	$	1,834	$	1,336	$	713	(47%)		(42%)		$	5,573	$	667	$	6,057		NM
Impact of FX translation⁽⁶⁾		(3)		(4)		(17)		(6)		-						(11)		12		-
Total net income (loss) - Ex-FX⁽⁶⁾	$	1,230	$	2,170	$	1,817	$	1,330	$	713	(46%)		(42%)		$	5,562	$	679	$	6,057		NM

(1)	See footnote 2 on page 5.

(2)	See footnote 1 on page 1.

(3)	See footnote 2 on page 1.

(4)	See footnote 3 on page 1.

(5)	Includes both Citi-Branded Cards and Citi Retail Services.

(6)	Reflects the impact of foreign currency (FX) translation into U.S. dollars at the fourth quarter of 2021 and year-to-date 2021 average exchange rates for all periods presented.

Citigroup's results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 8

GLOBAL CONSUMER BANKING

Page 2


											4Q21 Increase/
	4Q		1Q		2Q		3Q		4Q		(Decrease) from
	2020		2021		2021		2021		2021		3Q21	4Q20

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		2,305		2,241		2,209		2,157		2,154	-	(7%)
Accounts (in millions)		53.7		52.9		52.6		52.5		52.2	(1%)	(3%)
Average deposits	$	333.2	$	345.3	$	352.9	$	353.3	$	355.0	-	7%
Investment sales		29.2		38.4		28.3		27.7		23.7	(14%)	(19%)
Investment assets under management (AUMs):
AUMS		180.8		183.2		190.7		188.8		190.2	1%	5%
AUMs related to the LATAM retirement services business		40.8		39.2		41.0		40.0		41.4	4%	1%
Total AUMs	$	221.6	$	222.4	$	231.7	$	228.8	$	231.6	1%	5%
Average loans		127.6		127.4		126.0		120.0		116.1	(3%)	(9%)
EOP loans:
Mortgages	$	88.9	$	86.7	$	86.3	$	79.8	$	79.5	-	(11%)
Personal, small business and other		40.1		39.1		39.0		37.0		36.1	(2%)	(10%)
EOP loans	$	129.0	$	125.8	$	125.3	$	116.8	$	115.6	(1%)	(10%)

Total net interest income (in millions)⁽¹⁾	$	1,974	$	1,854	$	1,888	$	1,831	$	1,859	2%	(6%)
As a % of average loans		6.15%		5.90%		6.01%		6.05%		6.35%

Net credit losses on loans (in millions)	$	185	$	274	$	193	$	161	$	151	(6%)	(18%)
As a % of average loans		0.58%		0.87%		0.61%		0.53%		0.52%
Loans 90+ days past due (in millions)⁽²⁾	$	632	$	598	$	560	$	479	$	462	(4%)	(27%)
As a % of EOP loans		0.49%		0.48%		0.45%		0.41%		0.40%
Loans 30-89 days past due (in millions)⁽²⁾	$	860	$	662	$	687	$	589	$	522	(11%)	(39%)
As a % of EOP loans		0.67%		0.53%		0.55%		0.51%		0.45%

Cards key indicators (in millions of dollars, except as otherwise noted)
EOP open accounts (in millions)		131.8		130.2		129.6		128.5		128.4	-	(3%)
Credit card spend volume (in billions)	$	141.9	$	128.3	$	151.1	$	152.7	$	170.0	11%	20%

Average loans (in billions)⁽³⁾		148.5		144.3		142.6		142.9		146.2	2%	(2%)
EOP loans (in billions)⁽³⁾		153.1		142.1		145.6		143.3		151.7	6%	(1%)
Average yield⁽⁴⁾		12.65%		12.65%		12.01%		11.94%		11.74%
Total net interest income⁽⁵⁾	$	4,469	$	4,200	$	4,044	$	4,220	$	4,342	3%	(3%)
As a % of average loans⁽⁵⁾		11.97%		11.80%		11.37%		11.72%		11.78%
Net credit losses on loans	$	1,087	$	1,306	$	1,060	$	783	$	654	(16%)	(40%)
As a % of average loans		2.91%		3.67%		2.98%		2.17%		1.77%
Net credit margin⁽⁶⁾	$	3,316	$	2,924	$	2,985	$	3,357	$	3,519	5%	6%
As a % of average loans⁽⁶⁾		8.88%		8.22%		8.40%		9.32%		9.55%
Loans 90+ days past due⁽⁷⁾	$	1,875	$	1,577	$	1,230	$	1,009	$	1,059	5%	(44%)
As a % of EOP loans		1.22%		1.11%		0.84%		0.70%		0.70%
Loans 30-89 days past due⁽⁷⁾	$	1,657	$	1,341	$	1,074	$	1,079	$	1,139	6%	(31%)
As a % of EOP loans		1.08%		0.94%		0.74%		0.75%		0.75%

(1)	Also includes net interest income related to the average deposit balances in excess of the average loan portfolio.

(2)	The Loans 90+ days past due and 30-89 days past due and related ratios exclude loans guaranteed by U.S. government-sponsored agencies. See footnote 2 on page 9.

(3)	Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(4)	Average yield is gross interest revenue earned on loans divided by average loans.

(5)	Net interest income includes certain fees that are recorded as interest revenue.

(6)	Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

(7)

The decrease in loans 90+ days past due as of September 30, 2020 and the decrease in loans 30-89 days past due beginning at June 30, 2020, include the impact of loan modifications in North America and Latin America that were implemented during the second quarter of 2020 related to various COVID-19 consumer relief programs.

Reclassified to conform to the current period's presentation.

Page 9

GLOBAL CONSUMER BANKING⁽¹⁾

NORTH AMERICA

Page 1

(In millions of dollars, except as otherwise noted)


											4Q21 Increase/		Full		FY		FY		FY 2021 vs.
	4Q		1Q		2Q		3Q		4Q		(Decrease) from		Year		Year		Year		FY 2020 Increase/
	2020		2021		2021		2021		2021		3Q21	4Q20	2019		2020		2021		(Decrease)

Net interest income⁽²⁾	$	4,599	$	4,348	$	4,173	$	4,367	$	4,505	3%	(2%)	$	19,931	$	18,938	$	17,393	(8%)
Non-interest revenue		96		121		58		2		(93)	NM	NM		529		346		88	(75%)
Total revenues, net of interest expense		4,695		4,469		4,231		4,369		4,412	1%	(6%)		20,460		19,284		17,481	(9%)
Total operating expenses⁽²⁾		2,635		2,520		2,630		2,689		2,993	11%	14%		10,305		10,237		10,832	6%
Net credit losses on loans		870		950		817		617		553	(10%)	(36%)		5,583		4,990		2,937	(41%)
Credit reserve build / (release) for loans		(85)		(1,417)		(915)		(809)		(833)	(3%)	NM		469		4,115		(3,974)	NM
Provision for credit losses on unfunded lending commitments		(4)		-		1		1		(2)	NM	50%		1		-		-	-
Provisions for benefits and claims, and other assets		(1)		2		6		4		7	75%	NM		19		17		19	12%
Provisions for credit losses and for benefits and claims		780		(465)		(91)		(187)		(275)	(47%)	NM		6,072		9,122		(1,018)	NM
Income (loss) from continuing operations before taxes		1,280		2,414		1,692		1,867		1,694	(9%)	32%		4,083		(75)		7,667	NM
Income taxes (benefits)		312		557		383		419		374	(11%)	20%		926		(29)		1,733	NM
Income (loss) from continuing operations		968		1,857		1,309		1,448		1,320	(9%)	36%		3,157		(46)		5,934	NM
Noncontrolling interests		-		-		-		-		-	-	-		-		-		-	-
Net income (loss)	$	968	$	1,857	$	1,309	$	1,448	$	1,320	(9%)	36%	$	3,157	$	(46)	$	5,934	NM
Average assets (in billions)	$	278	$	265	$	262	$	267	$	268	-	(4%)	$	232	$	266	$	266	-
Return on average assets		1.39%		2.84%		2.00%		2.15%		1.95%				1.36%		(0.02%)		2.23%
Efficiency ratio		56%		56%		62%		62%		68%				50%		53%		62%

Net credit losses as a % of average loans		1.93%		2.21%		1.91%		1.41%		1.24%				2.97%		2.72%		1.69%

Revenue by business
Retail banking	$	1,111	$	1,061	$	1,054	$	1,047	$	1,049	-	(6%)	$	4,558	$	4,519	$	4,211	(7%)
Citi-branded cards		2,144		2,103		1,968		2,045		2,073	1%	(3%)		9,184		8,800		8,189	(7%)
Citi retail services		1,440		1,305		1,209		1,277		1,290	1%	(10%)		6,718		5,965		5,081	(15%)
Total	$	4,695	$	4,469	$	4,231	$	4,369	$	4,412	1%	(6%)	$	20,460	$	19,284	$	17,481	(9%)

Net credit losses on loans by business
Retail banking	$	31	$	26	$	24	$	22	$	37	68%	19%	$	161	$	132	$	109	(17%)
Citi-branded cards		500		551		467		357		284	(20%)	(43%)		2,864		2,708		1,659	(39%)
Citi retail services		339		373		326		238		232	(3%)	(32%)		2,558		2,150		1,169	(46%)
Total	$	870	$	950	$	817	$	617	$	553	(10%)	(36%)	$	5,583	$	4,990	$	2,937	(41%)

Income (loss) from continuing operations by business
Retail banking	$	(72)	$	3	$	(49)	$	(73)	$	(334)	NM	NM	$	145	$	(232)	$	(453)	(95%)
Citi-branded cards		639		1,119		924		781		1,079	38%	69%		1,734		12		3,903	NM
Citi retail services		401		735		434		740		575	(22%)	43%		1,278		174		2,484	NM
Total	$	968	$	1,857	$	1,309	$	1,448	$	1,320	(9%)	36%	$	3,157	$	(46)	$	5,934	NM

(1)	See footnote 2 on page 5.

(2)	See footnote 1 on page 1.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 10

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 2


											4Q21 Increase/
	4Q		1Q		2Q		3Q		4Q		(Decrease) from
	2020		2021		2021		2021		2021		3Q21	4Q20
Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		689		687		659		658		658	-	(4%)
Accounts (in millions)		9.1		9.1		9.1		9.1		9.2	1%	1%
Average deposits	$	188.9	$	197.0	$	204.2	$	208.4	$	214.0	3%	13%
Investment sales		10.6		14.6		11.1		11.0		10.1	(8%)	(5%)
Investment AUMs		80.3		81.7		85.1		85.3		87.1	2%	8%
Average loans		52.8		51.9		50.2		49.5		48.5	(2%)	(8%)
EOP loans:
Mortgages		49.0		46.9		46.0		45.5		44.9	(1%)	(8%)
Personal, small business and other		3.7		4.0		3.7		3.3		3.2	(3%)	(14%)
Total EOP loans	$	52.7	$	50.9	$	49.7	$	48.8	$	48.1	(1%)	(9%)

Mortgage originations⁽¹⁾	$	6.6	$	5.7	$	5.6	$	4.7	$	4.8	2%	(27%)
Third-party mortgage servicing portfolio (EOP)		40.2		39.4		38.4	$	36.3	$	35.4	(2%)	(12%)
Net servicing and gain/(loss) on sale (in millions)		57.3		44.2		19.3	$	25.8	$	13.2	(49%)	(77%)
Saleable mortgage rate locks		2.6		2.3		1.6	$	1.6	$	1.6	-	(38%)
Net interest income on loans (in millions)		182		174		168	$	187	$	189	1%	4%
As a % of average loans		1.37%		1.36%		1.34%		1.50%		1.55%
Net credit losses on loans (in millions)	$	31	$	26	$	24	$	22	$	37	68%	19%
As a % of average loans		0.23%		0.20%		0.19%		0.18%		0.30%
Loans 90+ days past due (in millions)⁽²⁾	$	299	$	263	$	236	$	221	$	228	3%	(24%)
As a % of EOP loans		0.58%		0.52%		0.48%		0.47%		0.49%
Loans 30-89 days past due (in millions)⁽²⁾	$	328	$	220	$	268	$	250	$	219	(12%)	(33%)
As a % of EOP loans		0.63%		0.44%		0.55%		0.53%		0.47%

(1)	Originations of residential first mortgages.

(2)	The loans 90+ days past due and 30-89 days past due and related ratios exclude loans guaranteed by government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies.

The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) were $171 million and ($0.7 billion), $176 million and ($0.7 billion), $150 million and ($0.7 billion), and $146 million and ($1.5 billion), and $185 million and ($1.1 billion) as of December 31, 2020, March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) were $98 million and ($0.7 billion), $84 million and ($0.7 billion), $80 million and ($0.7 billion), and $78 million and ($1.5 billion), and $74 million and ($1.1 billion) as of December 31, 2020, March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021, respectively.

NM Not meaningful.

Reclassified to conform to the current period's presentation

Page 11

GLOBAL CONSUMER BANKING

NORTH AMERICA

Page 3


											4Q21 Increase/
	4Q		1Q		2Q		3Q		4Q		(Decrease) from
	2020		2021		2021		2021		2021		3Q21	4Q20

Citi-Branded Cards Key Indicators (in millions of dollars, except as otherwise noted)⁽¹⁾
EOP open accounts (in millions)		34.5		34.5		34.7		35.0		35.4	1%	3%
Credit card spend volume (in billions)	$	93.2	$	85.8	$	103.5	$	106.0	$	115.2	9%	24%
Average loans (in billions)⁽¹⁾		81.7		78.7		79.4		81.9		84.5	3%	3%
EOP loans (in billions)⁽¹⁾		84.0		78.5		82.1		82.8		87.9	6%	5%
Average yield⁽²⁾		10.19%		10.30%		9.64%		9.52%		9.30%	(2%)	(9%)

Total net interest income⁽³⁾	$	1,928	$	1,842	$	1,762	$	1,858	$	1,902	2%	(1%)
As a % of average loans⁽³⁾		9.39%		9.49%		8.90%		9.00%		8.93%
Net credit losses on loans	$	500	$	551	$	467	$	357	$	284	(20%)	(43%)
As a % of average loans		2.43%		2.84%		2.36%		1.73%		1.33%
Net credit margin⁽⁴⁾	$	1,642	$	1,553	$	1,500	$	1,687	$	1,787	6%	9%
As a % of average loans⁽⁴⁾		8.00%		8.00%		7.58%		8.17%		8.39%
Loans 90+ days past due	$	686	$	590	$	457	$	362	$	389	7%	(43%)
As a % of EOP loans		0.82%		0.75%		0.56%		0.44%		0.44%
Loans 30-89 days past due⁽⁵⁾	$	589	$	484	$	355	$	375	$	408	9%	(31%)
As a % of EOP loans		0.70%		0.62%		0.43%		0.45%		0.46%

Citi Retail Services Key Indicators (in millions of dollars, except as otherwise noted)⁽¹⁾
EOP open accounts		77.9		76.6		76.0		74.7		74.3	(1%)	(5%)
Credit card spend volume (in billions)	$	23.4	$	18.7	$	23.6	$	22.7	$	27.1	19%	16%
Average loans (in billions)⁽¹⁾		44.9		43.8		42.3		42.4		43.8	3%	(2%)
EOP loans (in billions)⁽¹⁾		46.4		42.5		42.7		42.7		46.0	8%	(1%)
Average yield⁽²⁾		16.73%		16.61%		16.06%		16.17%		15.92%	(2%)	(5%)

Total net interest income⁽³⁾	$	1,870	$	1,753	$	1,656	$	1,768	$	1,827	3%	(2%)
As a % of average loans⁽³⁾		16.57%		16.23%		15.70%		16.54%		16.55%
Net credit losses on loans	$	339	$	373	$	326	$	238	$	232	(3%)	(32%)
As a % of average loans		3.00%		3.45%		3.09%		2.23%		2.10%
Net credit margin⁽⁴⁾	$	1,100	$	929	$	880	$	1,037	$	1,056	2%	(4)%
As a % of average loans⁽⁴⁾		9.75%		8.60%		8.34%		9.70%		9.57%
Loans 90+ days past due⁽⁵⁾	$	644	$	591	$	463	$	421	$	482	14%	(25%)
As a % of EOP loans		1.39%		1.39%		1.08%		0.99%		1.05%
Loans 30-89 days past due⁽⁵⁾	$	639	$	513	$	415	$	471	$	539	14%	(16%)
As a % of EOP loans		1.38%		1.21%		0.97%		1.10%		1.17%

(1)	Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(2)	Average yield is calculated as gross interest revenue earned on loans divided by average loans.

(3)	Net interest income includes certain fees that are recorded as interest revenue.

(4)	Net credit margin represents total revenues, net of interest expense, less net credit losses and policy benefits and claims.

(5)	The decrease in loans 90+ days past due beginning as of September 30, 2020, include the impact of loan modifications that were implemented during the second quarter of 2020 related to various COVID-19 consumer relief programs.

Reclassified to conform to the current period's presentation.

Page 12

GLOBAL CONSUMER BANKING

LATIN AMERICA⁽¹⁾⁽²⁾

Page 1

(In millions of dollars, except as otherwise noted)


											4Q21 Increase/		Full		FY		FY		FY 2021 vs.
	4Q		1Q		2Q		3Q		4Q		(Decrease) from		Year		Year		Year		FY 2020 Increase/
	2020		2021		2021		2021		2021		3Q21	4Q20	2019		2020		2021		(Decrease)

Net interest income⁽³⁾	$	765	$	683	$	728	$	728	$	735	1%	(4%)	$	3,735	$	3,172	$	2,874	(9%)
Non-interest revenue		357		350		350		336		340	1%	(5%)		1,599		1,294		1,376	6%
Total revenues, net of interest expense		1,122		1,033		1,078		1,064		1,075	1%	(4%)		5,334		4,466		4,250	(5%)
Total operating expenses⁽³⁾		802		727		750		726		746	3%	(7%)		3,001		2,871		2,949	3%
Net credit losses on loans		162		365		250		175		130	(26%)	(20%)		1,109		866		920	6%
Credit reserve build / (release) for loans		(83)		(163)		(423)		(178)		(61)	66%	27%		(38)		316		(825)	NM
Provision for credit losses on unfunded lending commitments		-		-		-		-		-	-	-		-		-		-	-
Provisions for benefits and claims, and other assets		9		29		6		19		26	37%	NM		54		87		80	(8%)
Provisions for credit losses and for benefits and claims (PBC)		88		231		(167)		16		95	NM	8%		1,125		1,269		175	(86%)
Income (loss) from continuing operations before taxes		232		75		495		322		234	(27%)	1%		1,208		326		1,126	NM
Income taxes (benefits)		66		23		143		94		68	(28%)	3%		323		85		328	NM
Income (loss) from continuing operations		166		52		352		228		166	(27%)	-		885		241		798	NM
Noncontrolling interests		-		-		-		-		-	-	-		-		-		-	-
Net income (loss)	$	166	$	52	$	352	$	228	$	166	(27%)	-	$	885	$	241	$	798	NM
Average assets (in billions)	$	33	$	34	$	34	$	36	$	36	-	9%	$	35	$	32	$	35	9%
Return on average assets		2.00%		0.62%		4.15%		2.51%		1.83%				2.53%		0.75%		2.28%
Efficiency ratio		71%		70%		70%		68%		69%				56%		64%		69%

Net credit losses on loans as a percentage of average loans		4.51%		10.65%		7.43%		5.26%		3.97%				6.45%		5.97%		6.87%

Revenue by business
Retail banking	$	810	$	748	$	782	$	793	$	796	-	(2%)	$	3,681	$	3,103	$	3,119	1%
Citi-branded cards		312		285		296		271		279	3%	(11%)		1,653		1,363		1,131	(17%)
Total	$	1,122	$	1,033	$	1,078	$	1,064	$	1,075	1%	(4%)	$	5,334	$	4,466	$	4,250	(5%)

Net credit losses on loans by business
Retail banking	$	68	$	168	$	99	$	77	$	66	(14%)	(3%)	$	494	$	377	$	410	9%
Citi-branded cards		94		197		151		98		64	(35%)	(32%)		615		489		510	4%
Total	$	162	$	365	$	250	$	175	$	130	(26%)	(20%)	$	1,109	$	866	$	920	6%

Income from continuing operations by business
Retail banking	$	91	$	40	$	180	$	119	$	96	(19%)	5%	$	586	$	120	$	435	NM
Citi-branded cards		75		12		172		109		70	(36%)	(7%)		299		121		363	NM
Total	$	166	$	52	$	352	$	228	$	166	(27%)	-	$	885	$	241	$	798	NM

FX translation impact
Total revenue - as reported	$	1,122	$	1,033	$	1,078	$	1,064	$	1,075	1%	(4%)	$	5,334	$	4,466	$	4,250	(5%)
Impact of FX translation⁽⁴⁾		(19)		(13)		(38)		(30)		-				(246)		211		-
Total revenues - Ex-FX⁽⁴⁾	$	1,103	$	1,020	$	1,040	$	1,034	$	1,075	4%	(3%)	$	5,088	$	4,677	$	4,250	(9%)

Total operating expenses - as reported	$	802	$	727	$	750	$	726	$	746	3%	(7%)	$	3,001	$	2,871	$	2,949	3%
Impact of FX translation⁽⁴⁾		(13)		(9)		(24)		(19)		-				(132)		129		-
Total operating expenses - Ex-FX⁽⁴⁾	$	789	$	718	$	726	$	707	$	746	6%	(5%)	$	2,869	$	3,000	$	2,949	(2%)

Total provisions for credit losses and PBC - as reported	$	88	$	231	$	(167)	$	16	$	95	NM	8%	$	1,125	$	1,269	$	175	(86%)
Impact of FX translation⁽⁴⁾		(2)		(3)		7		(1)		-				(58)		66		-
Total provisions for credit losses and PBC - Ex-FX⁽⁴⁾	$	86	$	228	$	(160)	$	15	$	95	NM	10%	$	1,067	$	1,335	$	175	(87%)

Net income (loss) - as reported	$	166	$	52	$	352	$	228	$	166	(27%)	-	$	885	$	241	$	798	NM
Impact of FX translation⁽⁴⁾		(3)		-		(14)		(7)		-				(37)		9		-
Total net income (loss) - Ex-FX⁽⁴⁾	$	163	$	52	$	338	$	221	$	166	(25%)	2%	$	848	$	250	$	798	NM

(1)	Latin America GCB consists of Citi's consumer banking operations in Mexico.

(2)	See footnote 2 on page 5.

(3)	See footnote 1 on page 1.

(4)	Reflects the impact of foreign currency (FX) translation into U.S. dollars at the fourth quarter of 2021 and year-to-date 2021 average exchange rates for all periods presented. Citigroup's results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 13

GLOBAL CONSUMER BANKING

LATIN AMERICA

Page 2


											4Q21 Increase/
	4Q		1Q		2Q		3Q		4Q		(Decrease) from
	2020		2021		2021		2021		2021		3Q21	4Q20

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		1,392		1,331		1,327		1,278		1,276	-	(8%)
Accounts (in millions)		27.3		26.6		26.4		26.3		26.0	(1%)	(5%)
Average deposits	$	24.3	$	24.5	$	24.1	$	24.2	$	23.8	(2%)	(2%)
Investment sales		3.7		3.1		3.5		3.5		3.4	(3%)	(8%)
Investment AUMs:
AUMS		27.1		26.9		28.2		27.7		28.3	2%	4%
AUMs related to the retirement services business		40.8		39.2		41.0		40.0		41.4	4%	1%
Total AUMs		67.9		66.1		69.2		67.7		69.7	3%	3%
Average loans		9.6		9.4		9.2		8.9		8.5	(4%)	(11%)
EOP loans:
Mortgages		4.0		3.8		3.8		3.6		3.6	-	(10%)
Personal, small business and other		5.8		5.3		5.3		5.1		5.0	(2%)	(14%)
Total EOP loans	$	9.8	$	9.1	$	9.1	$	8.7	$	8.6	(1%)	(12%)

Total net interest income (in millions)⁽¹⁾	$	529	$	472	$	516	$	520	$	516	(1%)	(2%)
As a % of average loans⁽¹⁾		21.92%		20.36%		22.50%		23.18%		24.08%
Net credit losses on loans (in millions)	$	68	$	168	$	99	$	77	$	66	(14%)	(3%)
As a % of average loans		2.82%		7.25%		4.32%		3.43%		3.08%
Loans 90+ days past due (in millions)	$	130	$	142	$	127	$	117	$	107	(9%)	(18%)
As a % of EOP loans		1.33%		1.56%		1.40%		1.34%		1.24%
Loans 30-89 days past due (in millions)	$	220	$	164	$	134	$	122	$	106	(13%)	(52%)
As a % of EOP loans		2.24%		1.80%		1.47%		1.40%		1.23%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP open accounts (in millions)		4.7		4.5		4.5		4.5		4.6	2%	(2%)
Credit card spend volume	$	4.4	$	3.7	$	4.2	$	4.3	$	5.2	21%	18%
Average loans⁽²⁾		4.7		4.5		4.3		4.3	$	4.5	5%	(4%)
EOP loans⁽²⁾		4.8		4.3		4.4		4.3	$	4.7	9%	(2%)
Average yield⁽³⁾		21.01%		19.89%		20.10%		20.66%		20.80%	1%	(1%)

Total net interest income (in millions)⁽⁴⁾	$	236	$	211	$	212	$	208	$	219	5%	(7%)
As a % of average loans⁽⁴⁾		19.98%		19.02%		19.78%		19.19%		19.31%
Net credit losses on loans (in millions)	$	94	$	197	$	151	$	98	$	64	(35%)	(32%)
As a % of average loans		7.96%		17.75%		14.09%		9.04%		5.64%
Net credit margin (in millions)⁽⁵⁾	$	229	$	102	$	158	$	184	$	224	22%	(2%)
As a % of average loans⁽⁵⁾		19.38%		9.19%		14.74%		16.98%		19.75%
Loans 90+ days past due (in millions)	$	233	$	173	$	122	$	81	$	76	(6%)	(67%)
As a % of EOP loans		4.85%		4.02%		2.77%		1.88%		1.62%
Loans 30-89 days past due (in millions)	$	170	$	115	$	82	$	68	$	67	(1%)	(61%)
As a % of EOP loans		3.54%		2.67%		1.86%		1.58%		1.43%

(1)	Also includes net interest income related to the region's average deposit balances in excess of the average loan portfolio.

(2)	Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(3)	Average yield is gross interest revenue earned on loans divided by average loans.

(4)	Net interest income includes certain fees that are recorded as interest revenue.

(5)	Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 14

GLOBAL CONSUMER BANKING

ASIA⁽¹⁾⁽²⁾

PAGE 1

(In millions of dollars, except as otherwise noted)


											4Q21 Increase/		Full		FY		FY		FY 2021 vs.
	4Q		1Q		2Q		3Q		4Q		(Decrease) from		Year		Year		Year		FY 2020 Increase/
	2020		2021		2021		2021		2021		3Q21	4Q20	2019		2020		2021		(Decrease)
Net interest income⁽³⁾	$	1,079	$	1,023	$	1,031	$	956	$	961	1%	(11%)	$	4,789	$	4,441	$	3,971	(11%)
Non-interest revenue⁽⁴⁾		509		613		565		(41)		491	NM	(4%)		2,638		2,151		1,628	(24%)
Total revenues, net of interest expense		1,588		1,636		1,596		915		1,452	59%	(9%)		7,427		6,592		5,599	(15%)
Total operating expenses⁽³⁾⁽⁵⁾		1,262		1,254		1,255		1,240		2,505	NM	98%		4,733		4,726		6,254	32%
Net credit losses on loans		240		265		186		152		122	(20%)	(49%)		690		790		725	(8%)
Credit reserve build / (release) for loans		(25)		(226)		(60)		(44)		(45)	(2%)	(80%)		8		520		(375)	NM
Provision for credit losses on unfunded lending commitments		-		-		-		-		-	-	-		-		-		-	—
Provisions for benefits and claims, and other assets		(6)		4		(3)		(2)		(2)	-	67%		-		1		(3)	NM
Provisions for credit losses and for benefits and claims (PBC)		209		43		123		106		75	(29%)	(64%)		698		1,311		347	(74%)
Income from continuing operations before taxes		117		339		218		(431)		(1,128)	NM	NM		1,996		555		(1,002)	NM
Income taxes (benefits)		19		77		47		(89)		(351)	NM	NM		459		87		(316)	NM
Income from continuing operations		98		262		171		(342)		(777)	NM	NM		1,537		468		(686)	NM
Noncontrolling interests		(1)		(3)		(2)		(2)		(4)	(100%)	NM		6		(4)		(11)	NM
Net income	$	99	$	265	$	173	$	(340)	$	(773)	NM	NM	$	1,531	$	472	$	(675)	NM
Average assets (in billions)	$	136	$	140	$	141	$	138	$	137	(1%)	1%	$	122	$	129	$	139	8%
Return on average assets		0.29%		0.77%		0.49%		(0.98%)		(2.24%)				1.25%		0.37%		(0.49%)
Efficiency ratio		79%		77%		79%		136%		173%				64%		72%		112%

Net credit losses on loans as a percentage of average loans		1.16%		1.29%		0.90%		0.79%		0.67%				0.88%		0.99%		0.92%

Revenue by business
Retail banking⁽⁴⁾	$	1,089	$	1,111	$	1,033	$	376	$	926	NM	(15%)	$	4,519	$	4,374	$	3,446	(21%)
Citi-branded cards		499		525		563		539		526	(2%)	5%		2,908		2,218		2,153	(3%)
Total	$	1,588	$	1,636	$	1,596	$	915	$	1,452	59%	(9%)	$	7,427	$	6,592	$	5,599	(15%)

Net credit losses on loans by business
Retail banking	$	86	$	80	$	70	$	62	$	48	(23%)	(44%)	$	255	$	296	$	260	(12%)
Citi-branded cards		154		185		116		90		74	(18%)	(52%)		435		494		465	(6%)
Total	$	240	$	265	$	186	$	152	$	122	(20%)	(49%)	$	690	$	790	$	725	(8%)

Income from continuing operations by business
Retail banking⁽⁴⁾⁽⁵⁾	$	154	$	216	$	141	$	(372)	$	(797)	NM	NM	$	1,010	$	669	$	(812)	NM
Citi-branded cards		(56)		46		30		30		20	(33%)	NM		527		(201)		126	NM
Total	$	98	$	262	$	171	$	(342)	$	(777)	NM	NM	$	1,537	$	468	$	(686)	NM

FX translation impact
Total revenue - as reported	$	1,588	$	1,636	$	1,596	$	915	$	1,452	59%	(9%)	$	7,427	$	6,592	$	5,599	(15%)
Impact of FX translation⁽⁶⁾		(22)		(31)		(32)		(5)		-				89		112		-
Total revenues - Ex-FX⁽⁶⁾	$	1,566	$	1,605	$	1,564	$	910	$	1,452	60%	(7%)	$	7,516	$	6,704	$	5,599	(16%)

Total operating expenses - as reported	$	1,262	$	1,254	$	1,255	$	1,240	$	2,505	NM	98%	$	4,733	$	4,726	$	6,254	32%
Impact of FX translation⁽⁶⁾		(17)		(22)		(22)		(4)		-				52		83		-
Total operating expenses - Ex-FX⁽⁶⁾	$	1,245	$	1,232	$	1,233	$	1,236	$	2,505	NM	NM	$	4,785	$	4,809	$	6,254	30%

Total provisions for credit losses and PBC - as reported	$	209	$	43	$	123	$	106	$	75	(29%)	(64%)	$	698	$	1,311	$	347	(74%)
Impact of FX translation⁽⁶⁾		(6)		(3)		(4)		-		-				7		21		-
Total provisions for credit losses and PBC - Ex-FX⁽⁶⁾	$	203	$	40	$	119	$	106	$	75	(29%)	(63%)	$	705	$	1,332	$	347	(74%)

Net income - as reported	$	99	$	265	$	173	$	(340)	$	(773)	NM	NM	$	1,531	$	472	$	(675)	NM
Impact of FX translation⁽⁶⁾		-		(4)		(3)		1		-				26		3		-
Total net income - Ex-FX⁽⁶⁾	$	99	$	261	$	170	$	(339)	$	(773)	NM	NM	$	1,557	$	475	$	(675)	NM

(1)	Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(2)	See footnote 2 on page 5.

(3)	See footnote 1 on page 1.

(4)	See footnote 2 on page 1.

(5)	See footnote 3 on page 1.

(6)	Reflects the impact of foreign currency (FX) translation into U.S. dollars at the fourth quarter of 2021 and year-to-date 2021 average exchange rates for all periods presented. Citigroup's results of operations excluding the impact of FX translation are non-GAAP financial measures.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 15

GLOBAL CONSUMER BANKING

ASIA⁽¹⁾

PAGE 2


											4Q21 Increase/
	4Q		1Q		2Q		3Q		4Q		(Decrease) from
	2020		2021		2021		2021		2021		3Q21	4Q20

Retail Banking Key Indicators (in billions of dollars, except as otherwise noted)
Branches (actual)		224		223		223		221		220	-	(2%)
Accounts (in millions)		17.3		17.2		17.1		17.1		17.0	(1%)	(2%)
Average deposits	$	120.0	$	123.8	$	124.6	$	120.7	$	117.2	(3%)	(2%)
Investment sales		14.9		20.7		13.7		13.2		10.2	(23%)	(32%)
Investment AUMs		73.4		74.6		77.4		75.8		74.8	(1%)	2%
Average loans		65.2		66.1		66.6		61.6		59.1	(4%)	(9%)
EOP loans:
Mortgages		35.9		36.0		36.5		30.7		31.0	1%	(14%)
Personal, small business and other		30.6		29.8		30.0		28.6		27.9	(2%)	(9%)
Total EOP loans	$	66.5	$	65.8	$	66.5	$	59.3	$	58.9	(1%)	(11%)

Total net interest income (in millions)⁽²⁾	$	644	$	629	$	617	$	570	$	567	(1%)	(12%)
As a % of average loans⁽²⁾		3.93%		3.86%		3.72%		3.67%		3.81%
Net credit losses on loans (in millions)	$	86	$	80	$	70	$	62	$	48	(23%)	(44%)
As a % of average loans		0.52%		0.49%		0.42%		0.40%		0.32%
Loans 90+ days past due (in millions)	$	203	$	193	$	197	$	141	$	127	(10%)	(37%)
As a % of EOP Loans		0.31%		0.29%		0.30%		0.24%		0.22%
Loans 30-89 days past due (in millions)	$	312	$	278	$	285	$	217	$	197	(9%)	(37%)
As a % of EOP loans		0.47%		0.42%		0.43%		0.37%		0.33%

Citi-Branded Cards Key Indicators (in billions of dollars, except as otherwise noted)
EOP open accounts (in millions)		14.7		14.6		14.4		14.3		14.1	(1%)	(4%)
Credit card spend volume	$	20.9	$	20.1	$	19.8	$	19.7	$	22.5	14%	8%
Average loans⁽³⁾		17.2		17.3		16.6		14.3		13.4	(6%)	(22%)
EOP loans⁽³⁾		17.9		16.8		16.4		13.5		13.1	(3%)	(27%)
Average yield⁽⁴⁾		11.47%		10.96%		10.87%		10.57%		10.44%	(1%)	(9%)

Total net interest income (in millions)⁽⁵⁾	$	435	$	394	$	414	$	386	$	394	2%	(9%)
As a % of average loans⁽⁶⁾		10.06%		9.24%		10.00%		10.71%		11.67%
Net credit losses on loans (in millions)	$	154	$	185	$	116	$	90	$	74	(18%)	(52%)
As a % of average loans		3.56%		4.34%		2.80%		2.50%		2.19%
Net credit margin (in millions)⁽⁶⁾	$	345	$	340	$	447	$	449	$	452	1%	31%
As a % of average loans⁽⁶⁾		7.98%		7.97%		10.80%		12.46%		13.38%
Loans 90+ days past due	$	312	$	223	$	188	$	145	$	112	(23%)	(64%)
As a % of EOP loans		1.74%		1.33%		1.15%		1.07%		0.85%
Loans 30-89 days past due	$	259	$	229	$	222	$	165	$	125	(24%)	(52%)
As a % of EOP loans		1.45%		1.36%		1.35%		1.22%		0.95%

(1)	Asia GCB includes the results of operations of GCB activities in certain EMEA countries for all periods presented.

(2)	Also includes net interest income related to the region's average deposit balances in excess of the average loan portfolio.

(3)	Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(4)	Average yield is gross interest revenue earned on loans divided by average loans.

(5)	Net interest income includes certain fees that are recorded as interest revenue.

(6)	Net credit margin is total revenues, net of interest expense, less net credit losses and policy benefits and claims.

Reclassified to conform to the current period's presentation.

Page 16

CORPORATE / OTHER⁽¹⁾⁽²⁾

(In millions of dollars, except as otherwise noted)


											4Q21 Increase/		Full		FY		FY		FY 2021 vs.
	4Q		1Q		2Q		3Q		4Q		(Decrease) from		Year		Year		Year		FY 2020 Increase/
	2020		2021		2021		2021		2021		3Q21	4Q20	2019		2020		2021		(Decrease)

Net interest income	$	(213)	$	67	$	132	$	256	$	204	(20%)	NM	$	1,898	$	(133)	$	659	NM
Non-interest revenue⁽³⁾		133		9		139		(144)		4	NM	(97%)		124		204		8	(96%)
Total revenues, net of interest expense		(80)		76		271		112		208	86%	NM		2,022		71		667	NM
Total operating expenses⁽³⁾		469		371		382		523		369	(29%)	(21%)		1,783		1,923		1,645	(14%)
Net credit losses		(10)		(18)		(22)		(23)		(20)	13%	(100%)		(8)		(22)		(83)	NM
Credit reserve build / (release)		(35)		(109)		(99)		(53)		(30)	43%	14%		(60)		188		(291)	NM
Provisions for benefits and claims, HTM debt securities and other assets		(1)		20		3		(4)		(3)	25%	NM		—		1		16	NM
Provision for unfunded lending commitments		4		(5)		(3)		(1)		(2)	(100%)	NM		(7)		11		(11)	NM
Total provisions for credit losses and for benefits and claims		(42)		(112)		(121)		(81)		(55)	32%	(31%)		(75)		178		(369)	NM
Income from continuing operations before taxes		(507)		(183)		10		(330)		(106)	68%	79%		314		(2,030)		(609)	70%
Income taxes (benefits)⁽⁴⁾		(300)		(51)		(522)		(222)		(23)	90%	92%		(802)		(921)		(818)	11%
Income (loss) from continuing operations		(207)		(132)		532		(108)		(83)	23%	60%		1,116		(1,109)		209	NM
Income (loss) from discontinued operations, net of taxes		6		(2)		10		(1)		—	100%	(100%)		(4)		(20)		7	NM
Noncontrolling interests		1		(1)		—		2		—	(100%)	(100%)		20		(6)		1	NM
Net income (loss)	$	(202)	$	(133)	$	542	$	(111)	$	(83)	25%	59%	$	1,092	$	(1,123)	$	215	NM
EOP assets (in billions)	$	96	$	99	$	101	$	101	$	97	(4%)	1%
Average assets (in billions)		96		91		99		96		98	2%	2%	$	97	$	94	$	96	2%
Return on average assets		(0.84%)		(0.59%)		2.20%		(0.46%)		(0.34%)				1.13%		(1.19%)		0.22%


Consumer - North America⁽⁵⁾ - Key Indicators

Average loans (in billions)	$	7.4	$	6.4	$	5.8	$	4.7	$	4.2	(11%)	(43%)
EOP loans (in billions)		6.6		6.1		5.0		4.3		4.0	(7%)	(39%)
Net interest income		47		40		33		19		16	(16%)	(66%)
As a % of average loans		2.53%		2.53%		2.28%		1.60%		1.51%
Net credit losses (recoveries)	$	(10)	$	(18)	$	(22)	$	(22)	$	(20)	9%	(100%)
As a % of average loans		(0.54%)		(1.14%)		(1.52%)		(1.86%)		(1.89%)
Loans 90+ days past due⁽⁶⁾	$	313	$	277	$	259	$	221	$	221	—	(29%)
As a % of EOP loans		5.13%		4.86%		5.51%		5.67%		6.14%
Loans 30-89 days past due⁽⁶⁾	$	179	$	138	$	111	$	99	$	88	(11%)	(51%)
As a % of EOP loans		2.93%		2.42%		2.36%		2.54%		2.44%

(1)

Includes certain unallocated costs of global staff functions (including finance, risk, human resources, legal and compliance), other corporate expenses and unallocated global operations and technology expenses and income taxes, as well as Corporate Treasury, certain North America legacy consumer loan portfolios, other legacy assets and discontinued operations.

(2)	See footnote 2 on page 5.

(3)	See footnote 1 on page 1.

(4)	2Q21 includes an approximate $450 million benefit from a reduction in Citi’s valuation allowance related to its Deferred Tax Assets (DTAs).

(5)	Results and amounts primarily relate to consumer mortgages.

(6)

The Loans 90+ Days Past Due and 30-89 Days Past Due and related ratios exclude U.S. loans that are guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. The amounts excluded for Loans 90+ Days Past Due and (EOP Loans) for each period were $183 million and ($0.5 billion), $169 million and ($0.4 billion), $125 million and ($0.3 billion), $138 million and ($0.4 billion), and $138 million and ($0.4 billion) as of December 31, 2020, March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021, respectively.

The amounts excluded for Loans 30-89 Days Past Due and (EOP Loans) for each period were $73 million and ($0.5 billion), $55 million and ($0.4 billion), $48 million and ($0.3 billion), $42 million and ($0.4 billion), and $35 million and ($0.4 billion) as of December 31, 2020, March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021, respectively.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 17

AVERAGE BALANCES AND INTEREST RATES^{(1)(2)(3)(4)(5)}

Taxable Equivalent Basis


	Average Volumes						Interest						% Average Rate ⁽⁴⁾
	Fourth		Third		Fourth		Fourth		Third		Fourth		Fourth		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2020		2021		2021⁽⁵⁾		2020		2021		2021⁽⁵⁾		2020		2021		2021⁽⁵⁾
Assets
Deposits with banks	$	334,056	$	294,160	$	295,330	$	126	$	147	$	159	0.15%		0.20%		0.21%
Securities borrowed and purchased under resale agreements⁽⁶⁾		298,641		323,183		341,256		322		264		289	0.43%		0.32%		0.34%
Trading account assets⁽⁷⁾		295,397		288,642		269,149		1,406		1,285		1,276	1.89%		1.77%		1.88%
Investments		442,368		498,112		512,181		1,765		1,907		1,951	1.59%		1.52%		1.51%
Total loans (net of unearned income)⁽⁸⁾		666,229		668,487		667,408		9,389		8,897		8,946	5.61%		5.28%		5.32%
Other interest-earning assets		62,587		71,193		86,527		87		196		249	0.55%		1.09%		1.14%
Total average interest-earning assets	$	2,099,278	$	2,143,777	$	2,171,851	$	13,095	$	12,696	$	12,870	2.48%		2.35%		2.35%

Liabilities
Deposits⁽⁹⁾		1,081,101		1,097,790		1,111,944		828		730		778	0.30%		0.26%		0.28%
Securities loaned and sold under repurchase agreements⁽⁶⁾		227,257		228,947		221,948		247		287		212	0.43%		0.50%		0.38%
Trading account liabilities⁽⁷⁾		95,475		108,703		114,233		122		106		112	0.51%		0.39%		0.39%
Short-term borrowings		88,553		92,716		103,523		18		8		51	0.08%		0.03%		0.20%
Long-term debt⁽¹⁰⁾		220,958		185,784		175,804		1,016		828		856	1.83%		1.77%		1.93%
Total average interest-bearing liabilities	$	1,713,344	$	1,713,940	$	1,727,452	$	2,231	$	1,959	$	2,009	0.52%		0.45%		0.46%


Net interest income as a % of average interest-earning assets (NIM)⁽⁹⁾							$	10,864	$	10,737	$	10,861	2.06%		1.99%		1.98%

4Q21 increase (decrease) from:													(8)	bps	(1)	bps

(1)	Interest revenue and Net interest income include the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 21%) of $48 million for 4Q20, $46 million for 3Q21 and $42 million for 4Q21.

(2)	Citigroup average balances and interest rates include both domestic and international operations.

(3)	Monthly averages have been used by certain subsidiaries where daily averages are unavailable.

(4)	Average rate percentage is calculated as annualized interest over average volumes.

(5)	Fourth quarter of 2021 is preliminary.

(6)	Average volumes of securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase are reported net pursuant to FIN 41; the related interest excludes the impact of ASU 2013-01 (Topic 210).

(7)	Interest expense on trading account liabilities of ICG is reported as a reduction of interest revenue. Interest revenue and interest expense on cash collateral positions are reported in trading account assets and trading account liabilities, respectively.

(8)	Nonperforming loans are included in the average loan balances.

(9)	See footnote 1 on page 1.

(10)	Excludes hybrid financial instruments with changes in fair value recorded in Principal transactions.

Reclassified to conform to the current period's presentation.

Page 18

DEPOSITS

(In billions of dollars)


											4Q21 Increase/
	4Q		1Q		2Q		3Q		4Q		(Decrease) from
	2020		2021		2021		2021		2021		3Q21	4Q20


ICG
North America	$	472.2	$	470.1	$	471.4	$	504.9	$	487.2	(4%)	3%
EMEA		217.9		232.1		231.9		229.0		221.6	(3%)	2%
Latin America		44.2		45.2		45.5		47.0		45.6	(3%)	3%
Asia		190.0		190.9		197.8		205.3		195.1	(5%)	3%
Total		924.3		938.3		946.6		986.2		949.5	(4%)	3%


Global Consumer Banking
North America		194.8		204.0		205.5		211.4		219.3	4%	13%
Latin America		25.8		24.0		24.2		23.3		24.8	6%	(4%)
Asia⁽¹⁾		123.9		125.3		126.1		119.7		117.7	(2%)	(5%)
Total		344.5		353.3		355.8		354.4		361.8	2%	5%

Corporate/Other		11.9		9.4		7.9		6.9		5.9	(14%)	(50%)

Total deposits - EOP	$	1,280.7	$	1,301.0	$	1,310.3	$	1,347.5	$	1,317.2	(2)%	3%

Total deposits - average	$	1,305.3	$	1,304.0	$	1,321.3	$	1,343.0	$	1,370.3	2%	5%

Foreign currency (FX) translation impact
Total EOP deposits - as reported	$	1,280.7	$	1,301.0	$	1,310.3	$	1,347.5	$	1,317.2	(2%)	3%
Impact of FX translation⁽²⁾		(16.3)		(7.1)		(11.2)		(2.0)		-
Total EOP deposits - Ex-FX⁽²⁾	$	1,264.4	$	1,293.9	$	1,299.1	$	1,345.5	$	1,317.2	(2%)	4%

(1)	Asia GCB includes deposits of certain EMEA countries for all periods presented.

(2)	Reflects the impact of FX translation into U.S. dollars at the fourth quarter of 2021 exchange rates for all periods presented.

Citigroup's results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period's presentation.

Page 19

EOP LOANS

(In billions of dollars)


											4Q21 Increase/
	4Q		1Q		2Q		3Q		4Q		(Decrease) from
	2020		2021		2021		2021		2021		3Q21	4Q20

Corporate loans - by region
North America	$	197.2	$	199.3	$	203.8	$	204.5	$	204.4	-	4%
EMEA		87.9		88.9		90.2		90.3		88.6	(2%)	1%
Latin America		33.4		31.7		32.7		31.5		32.3	3%	(3%)
Asia		68.5		72.1		74.2		74.2		71.2	(4%)	4%
Total corporate loans	$	387.0		392.0	$	400.9	$	400.5	$	396.5	(1%)	2%

Corporate loans - by product
Corporate lending	$	138.8	$	134.8	$	128.6	$	127.6	$	125.4	(2%)	(10%)
Private bank		117.5		121.3		126.7		123.5		125.6	2%	7%
Treasury and trade solutions		71.4		70.8		75.6		78.5		74.2	(5%)	4%
Markets and securities services		59.3		65.1		70.0		70.9		71.3	1%	20%
Total corporate loans	$	387.0		392.0		400.9	$	400.5	$	396.5	(1%)	2%

Global Consumer Banking

North America
Credit cards	$	130.4	$	121.0	$	124.8	$	125.5	$	133.9	7%	3%
Retail banking		52.7		50.9		49.7		48.8		48.1	(1%)	(9%)
Total	$	183.1	$	171.9	$	174.5	$	174.3	$	182.0	4%	(1%)

Latin America
Credit cards	$	4.8	$	4.3	$	4.4	$	4.3	$	4.7	9%	(2%)
Retail banking		9.8		9.1		9.1		8.7		8.6	(1%)	(12%)
Total	$	14.6	$	13.4	$	13.5	$	13.0	$	13.3	2%	(9%)

Asia⁽¹⁾
Credit cards	$	17.9	$	16.8	$	16.4	$	13.5	$	13.1	(3%)	(27%)
Retail banking		66.5		65.8		66.5		59.3		58.9	(1%)	(11%)
Total	$	84.4	$	82.6	$	82.9	$	72.8	$	72.0	(1%)	(15%)

Total GCB consumer loans
Credit cards	$	153.1	$	142.1	$	145.6	$	143.3	$	151.7	6%	(1%)
Retail banking		129.0		125.8		125.3		116.8		115.6	(1%)	(10%)
Total GCB	$	282.1	$	267.9	$	270.9	$	260.1	$	267.3	3%	(5%)

Total Corporate/Other - consumer	$	6.7	$	6.1	$	5.0	$	4.2	$	3.9	(7%)	(42%)
Total consumer loans	$	288.8	$	274.0	$	275.9	$	264.3	$	271.2	3%	(6%)

Total loans	$	675.9	$	666.0	$	676.8	$	664.8	$	667.8	-	(1%)

Foreign currency (FX) translation impact
Total EOP loans - as reported	$	675.9	$	666.0	$	676.8	$	664.8	$	667.8	-	(1%)
Impact of FX translation⁽²⁾		(8.1)		(3.4)		(5.3)		(0.6)		-
Total EOP loans - Ex-FX⁽²⁾	$	667.8	$	662.6	$	671.5	$	664.2	$	667.8	1%	-

(1)	Asia GCB includes loans of certain EMEA countries for all periods presented.

(2)	Reflects the impact of FX translation into U.S. dollars at the fourth quarter of 2021 exchange rates for all periods presented.

Citigroup's results of operations excluding the impact of FX translation are non-GAAP financial measures.

Reclassified to conform to the current period's presentation.

Page 20

CONSUMER LOANS 90+ DAYS DELINQUENCIES AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions)


	Loans 90+ Days Past Due⁽¹⁾										EOP Loans
	4Q		1Q		2Q		3Q		4Q		4Q
	2020		2021		2021		2021		2021		2021

Global Consumer Banking⁽²⁾
Total	$	2,507	$	2,175	$	1,790	$	1,488	$	1,521	$	267.3
Ratio		0.89%		0.81%		0.66%		0.58%		0.57%

Retail banking⁽²⁾
Total	$	632	$	598	$	560	$	479	$	462	$	115.6
Ratio		0.49%		0.48%		0.45%		0.41%		0.40%
North America⁽²⁾	$	299	$	263	$	236	$	221	$	228	$	48.1
Ratio		0.58%		0.52%		0.48%		0.47%		0.49%
Latin America	$	130	$	142	$	127	$	117	$	107	$	8.6
Ratio		1.33%		1.56%		1.40%		1.34%		1.24%
Asia⁽³⁾⁽⁴⁾	$	203	$	193	$	197	$	141	$	127	$	58.9
Ratio		0.31%		0.29%		0.30%		0.24%		0.22%

Cards
Total	$	1,875	$	1,577	$	1,230	$	1,009	$	1,059	$	151.7
Ratio		1.22%		1.11%		0.84%		0.70%		0.70%
North America - Citi-branded	$	686	$	590	$	457	$	362	$	389	$	87.9
Ratio		0.82%		0.75%		0.56%		0.44%		0.44%
North America - retail services	$	644	$	591	$	463	$	421	$	482	$	46.0
Ratio		1.39%		1.39%		1.08%		0.99%		1.05%
Latin America	$	233	$	173	$	122	$	81	$	76	$	4.7
Ratio		4.85%		4.02%		2.77%		1.88%		1.62%
Asia⁽³⁾⁽⁴⁾	$	312	$	223	$	188	$	145	$	112	$	13.1
Ratio		1.74%		1.33%		1.15%		1.07%		0.85%

Corporate/Other - consumer⁽²⁾	$	313	$	277	$	259	$	221	$	221	$	3.9
Ratio		5.13%		4.86%		5.51%		5.67%		6.14%

Total Citigroup⁽²⁾	$	2,820	$	2,452	$	2,049	$	1,709	$	1,742	$	271.2
Ratio		0.98%		0.90%		0.75%		0.65%		0.65%

(1)	The ratio of 90+ days past due is calculated based on end-of-period loans, net of unearned income.

(2)	The 90+ days past due and related ratios for North America retail banking and Corporate/Other North America exclude loans guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 2 on page 9 and footnote 1 on page 17.

(3)	Asia includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.

(4)	Asia delinquency amounts reflect the reclass of loans to Other assets beginning in 3Q21 related to the announced sale of Citi's consumer banking operations in Australia, and beginning in 4Q21 related to the announced sale of Citi's consumer banking operations in the Philippines.

Reclassified to conform to the current period's presentation.

Page 21

CONSUMER LOANS 30-89 DAYS DELINQUENCIES AND RATIOS

BUSINESS VIEW

(In millions of dollars, except EOP loan amounts in billions)


	Loans 30-89 Days Past Due⁽¹⁾										EOP Loans
	4Q		1Q		2Q		3Q		4Q		4Q
	2020		2021		2021		2021		2021		2021

Global Consumer Banking⁽²⁾
Total	$	2,517	$	2,003	$	1,761	$	1,668	$	1,661	$	267.3
Ratio		0.89%		0.75%		0.65%		0.65%		0.62%

Retail banking⁽²⁾
Total	$	860	$	662	$	687	$	589	$	522	$	115.6
Ratio		0.67%		0.53%		0.55%		0.51%		0.45%
North America⁽²⁾	$	328	$	220	$	268	$	250	$	219	$	48.1
Ratio		0.63%		0.44%		0.55%		0.53%		0.47%
Latin America	$	220	$	164	$	134	$	122	$	106	$	8.6
Ratio		2.24%		1.80%		1.47%		1.40%		1.23%
Asia⁽³⁾⁽⁴⁾	$	312	$	278	$	285	$	217	$	197	$	58.9
Ratio		0.47%		0.42%		0.43%		0.37%		0.33%

Cards
Total	$	1,657	$	1,341	$	1,074	$	1,079	$	1,139	$	151.7
Ratio		1.08%		0.94%		0.74%		0.75%		0.75%
North America - Citi-branded	$	589	$	484	$	355	$	375	$	408	$	87.9
Ratio		0.70%		0.62%		0.43%		0.45%		0.46%
North America - retail services	$	639	$	513	$	415	$	471	$	539	$	46.0
Ratio		1.38%		1.21%		0.97%		1.10%		1.17%
Latin America	$	170	$	115	$	82	$	68	$	67	$	4.7
Ratio		3.54%		2.67%		1.86%		1.58%		1.43%
Asia⁽³⁾⁽⁴⁾	$	259	$	229	$	222	$	165	$	125	$	13.1
Ratio		1.45%		1.36%		1.35%		1.22%		0.95%

Corporate/Other - consumer⁽²⁾	$	179	$	138	$	111	$	99	$	88	$	3.9
Ratio		2.93%		2.42%		2.36%		2.54%		2.44%

Total Citigroup⁽²⁾	$	2,696	$	2,141	$	1,872	$	1,767	$	1,749	$	271.2
Ratio		0.94%		0.78%		0.68%		0.67%		0.65%

(1)	The ratio of 30-89 days past due is calculated based on end-of-period loans, net of unearned income.

(2)	The 30-89 days past due and related ratios for North America retail banking and Corporate/Other North America exclude loans guaranteed by U.S. government-sponsored agencies since the potential loss predominantly resides with the U.S. agencies. See footnote 2 on page 9 and footnote 1 on page 17.

(3)	Asia includes delinquency amounts, ratios and loans of certain EMEA countries for all periods presented.

(4)	Asia delinquency amounts reflect the reclass of loans to Other assets beginning in 3Q21 related to the announced sale of Citi's consumer banking operations in Australia, and beginning in 4Q21 related to the announced sale of Citi's consumer banking operations in the Philippines.

Reclassified to conform to the current period's presentation.

Page 22

ALLOWANCE FOR CREDIT LOSSES ON LOANS AND UNFUNDED LENDING COMMITMENTS

Page 1

(In millions of dollars)


											4Q21 Increase/		Full		FY			FY	FY 2021 vs.
	4Q		1Q		2Q		3Q		4Q		(Decrease) from		Year		Year			Year	FY 2020 Increase/
	2020		2021		2021		2021		2021		3Q21	4Q20	2019		2020			2021	(Decrease)
Total Citigroup
Allowance for credit losses on loans (ACLL) at beginning of period	$	26,426	$	24,956	$	21,638	$	19,238	$	17,715			$	12,315	$	12,783	$	24,956
Adjustments to opening balance
Financial instruments—credit losses (CECL)⁽¹⁾		-		-		-		-		-				-		4,201		-
Variable post-charge-off third-party collection costs⁽²⁾		-		-		-		-		-				-		(443)		-
Adjusted ACLL at beginning of period		26,426		24,956		21,638		19,238		17,715	(8%)	(33%)		12,315		16,541		24,956	51%
Gross credit (losses) on loans		(1,889)		(2,208)		(1,844)		(1,389)		(1,279)	8%	32%		(9,341)		(9,263)		(6,720)	27%
Gross recoveries on loans		417		460		524		428		413	(4%)	(1%)		1,573		1,652		1,825	10%
Net credit (losses) / recoveries on loans (NCLs)		(1,472)		(1,748)		(1,320)		(961)		(866)	(10%)	(41%)		(7,768)		(7,611)		(4,895)	(36%)
Replenishment of NCLs		1,472		1,748		1,320		961		866	(10%)	(41%)		7,768		7,611		4,895	(36%)
Net reserve builds / (releases) for loans		(1,818)		(3,068)		(2,184)		(1,010)		(1,021)	(1%)	44%		364		7,635		(7,283)	NM
Net specific reserve builds / (releases) for loans		(30)		(159)		(262)		(139)		(155)	(12%)	NM		86		676		(715)	NM
Provision for credit losses on loans (PCLL)		(376)		(1,479)		(1,126)		(188)		(310)	(65%)	18%		8,218		15,922		(3,103)	NM
Other, net^{(3)(4)(5)(6)(7)(8)}		378		(91)		46		(374)		(84)	78%	NM		18		104		(503)
ACLL at end of period (a)	$	24,956	$	21,638	$	19,238	$	17,715	$	16,455			$	12,783	$	24,956	$	16,455

Allowance for credit losses on unfunded lending commitments (ACLUC)⁽⁹⁾ (a)	$	2,655	$	2,012	$	2,073	$	2,063	$	1,871			$	1,456	$	2,655	$	1,871

Provision (release) for credit losses on unfunded lending commitments	$	352	$	(626)	$	44	$	(13)	$	(193)			$	92	$	1,446	$	(788)

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (a)]	$	27,611	$	23,650	$	21,311	$	19,778	$	18,326			$	14,239	$	27,611	$	18,326

Total ACLL as a percentage of total loans⁽¹⁰⁾		3.73%		3.29%		2.88%		2.69%		2.49%

Consumer
ACLL at beginning of period	$	19,488	$	19,554	$	17,554	$	16,111	$	14,668			$	9,504	$	9,897	$	19,554
Adjustments to opening balance
Financial instruments—credit losses (CECL)⁽¹⁾		-		-		-		-		-				-		4,922		-
Variable post-charge-off third-party collection costs⁽²⁾		-		-		-		-		-				-		(443)		-
Adjusted ACLL at beginning of period		19,488		19,554		17,554		16,111		14,668	(9%)	(25%)		9,504		14,376		19,554	36%

NCLs		(1,262)		(1,562)		(1,231)		(922)		(785)	(15%)	(38%)		(7,376)		(6,625)		(4,500)	(32%)
Replenishment of NCLs		1,262		1,562		1,231		922		785	(15%)	(38%)		7,376		6,625		4,500	(32%)
Net reserve builds / (releases) for loans		(289)		(1,795)		(1,364)		(966)		(904)	6%	NM		268		4,746		(5,029)	NM
Net specific reserve builds / (releases) for loans		61		(121)		(132)		(118)		(66)	44%	NM		107		394		(437)	NM
Provision for credit losses on loans (PCLL)		1,034		(354)		(265)		(162)		(185)	(14%)	NM		7,751		11,765		(966)	NM
Other, net ^{(3)(4)(5)(6)(7)(8)}		294		(84)		53		(359)		(82)	77%	NM		18		38		(472)	NM
ACLL at end of period (b)	$	19,554	$	17,554	$	16,111	$	14,668	$	13,616			$	9,897	$	19,554	$	13,616

Consumer ACLUC⁽⁹⁾ (b)	$	1	$	1	$	2	$	3	$	2			$	4	$	1	$	2

Provision (release) for credit losses on unfunded lending commitments	$	1	$	-	$	1	$	1	$	(2)			$	1	$	5	$	-

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (b)]	$	19,555	$	17,555	$	16,113	$	14,671	$	13,618			$	9,901	$	19,555	$	13,618

Consumer ACLL as a percentage of total consumer loans		6.77%		6.41%		5.84%		5.55%		5.02%

Corporate
ACLL at beginning of period	$	6,938	$	5,402	$	4,084	$	3,127	$	3,047			$	2,811	$	2,886	$	5,402
Adjustment to opening balance for CECL adoption⁽¹⁾		-		-		-		-		-				-		(721)		-
Adjusted ACLL at beginning of period		6,938		5,402		4,084		3,127		3,047	(3%)	(56%)		2,811		2,165		5,402	NM

NCLs		(210)		(186)		(89)		(39)		(81)	NM	(61%)		(392)		(986)		(395)	(60%)
Replenishment of NCLs		210		186		89		39		81	NM	(61%)		392		986		395	(60%)
Net reserve builds / (releases) for loans		(1,529)		(1,273)		(820)		(44)		(117)	NM	92%		96		2,889		(2,254)	NM
Net specific reserve builds / (releases) for loans		(91)		(38)		(130)		(21)		(89)	NM	2%		(21)		282		(278)	NM
Provision for credit losses on loans (PCLL)		(1,410)		(1,125)		(861)		(26)		(125)	NM	91%		467		4,157		(2,137)	NM
Other, net⁽³⁾		84		(7)		(7)		(15)		(2)				-		66		(31)
ACLL at end of period (c)	$	5,402	$	4,084	$	3,127	$	3,047	$	2,839			$	2,886	$	5,402	$	2,839

Corporate ACLUC ⁽⁹⁾ (c)	$	2,654	$	2,011	$	2,071	$	2,060	$	1,869			$	1,452	$	2,654	$	1,869

Provision (release) for credit losses on unfunded lending commitments	$	351	$	(626)	$	43	$	(14)	$	(191)			$	91	$	1,441	$	(788)

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (c)]	$	8,056	$	6,095	$	5,198	$	5,107	$	4,708			$	4,338	$	8,056	$	4,708

Corporate ACLL as a percentage of total corporate loans⁽¹⁰⁾		1.42%		1.06%		0.80%		0.77%		0.73%

Footnotes to this table are on the following page (page 24).

Page 23

ALLOWANCE FOR CREDIT LOSSES ON LOANS AND UNFUNDED LENDING COMMITMENTS

Page 2

The following footnotes relate to the table on the preceding page (page 23):

(1)

On January 1, 2020, Citi adopted Accounting Standards Update (ASU) No. 2016-13, Financial Instruments – Credit Losses (CECL) (Topic 326). The ASU introduces a new credit loss methodology requiring earlier recognition of credit losses while also providing additional transparency about credit risk. On January 1, 2020, Citi recorded a $4.1 billion, or an approximate 29%, pretax increase in the Allowance for credit losses, along with a $3.1 billion after-tax decrease in Retained earnings and a deferred tax asset increase of $1.0 billion. This transition impact reflects (i) a $4.9 billion build to the Allowance for credit losses for Citi's consumer exposures, primarily driven by the impact on credit card receivables of longer estimated tenors under the CECL lifetime expected credit loss methodology compared to shorter estimated tenors under the probable loss methodology under prior U.S. GAAP, net of recoveries; and (ii) a release of $0.8 billion of reserves related to Citi's corporate net loan loss exposures, largely due to more precise contractual maturities that result in shorter remaining tenors, incorporation of recoveries and use of more specific historical loss data based on an increase in portfolio segmentation across industries and geographies.

Attribution of the allowance is made for analytical purposes only, and the entire allowance is available to absorb losses in the portfolios.

The balances on page 23 do not include approximately $0.1 billion of allowance for HTM debt securities and other assets at December 31, 2021.

(2)

In 2020, Citi revised its accounting conclusion from a "change in accounting estimate effected by a change in accounting principle" to a "change in accounting principle", which requires an adjustment to January 1, 2020 opening reflected this change as if it were effective as of January 1, 2020. Citi recorded an increase to its beginning retained earnings on January 1, 2020 of $330 million and a decrease of $443 million in its allowance for credit losses on loans, as well as a $113 million decrease in Other assets related to income taxes.

(3)	Includes all adjustments to the allowance for credit losses, such as changes in the allowance from acquisitions, dispositions, securitizations, foreign currency translation (FX translation), purchase accounting adjustments, etc.

(4)	4Q20 consumer includes an increase of approximately $292 million related to FX translation. The corporate allowance is predominantly sourced in U.S. dollars.

(5)	1Q21 consumer includes a decrease of approximately $84 million related to FX translation.

(6)	2Q21 consumer includes an increase of approximately $53 million related to FX translation.

(7)	3Q21 includes an approximate $280 million reclass related to the announced sale of Citi's consumer banking operations in Australia. The ACLL was reclassified to Other assets during 3Q21. 3Q21 consumer also includes a decrease of approximately $80 million related to FX translation.

(8)	4Q21 includes an approximate $90 million reclass related to the announced sale of Citi's consumer banking operations in the Philippines. The ACLL was reclassified to Other assets during 4Q21. 4Q21 consumer also includes a decrease of approximately $6 million related to FX translation.

(9)	Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

(10)December 31, 2020, March 31, 2021, June 30, 2021, September 30, 2021 and December 31, 2021 exclude $7.1 billion,$7.5 billion, $7.7 billion, 7.2 billion and $6.1 billion, respectively, of loans that are carried at fair value.NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 24

COMPONENTS OF PROVISION FOR CREDIT LOSSES ON LOANS

(In millions of dollars)


											4Q21 Increase/		Full		FY		FY		FY 2021 vs.
	4Q		1Q		2Q		3Q		4Q		(Decrease) from		Year		Year		Year		FY 2020 Increase/
	2020		2021		2021		2021		2021		3Q21	4Q20	2019		2020		2021		(Decrease)

Institutional Clients Group
Net credit losses	$	210	$	186	$	89	$	40	$	81	NM	(61%)	$	394	$	987	$	396	(60%)
Credit reserve build / (release)		(1,620)		(1,312)		(949)		(65)		(207)	NM	87%		71		3,172		(2,533)	NM

Global Consumer Banking
Net credit losses		1,272		1,580		1,253		944		805	(15%)	(37%)		7,382		6,646		4,582	(31%)
Credit reserve build / (release)		(193)		(1,806)		(1,398)		(1,031)		(939)	9%	NM		439		4,951		(5,174)	NM
North America
Net credit losses		870		950		817		617		553	(10%)	(36%)		5,583		4,990		2,937	(41%)
Credit reserve build / (release)		(85)		(1,417)		(915)		(809)		(833)	(3%)	NM		469		4,115		(3,974)	NM
Retail Banking
Net credit losses		31		26		24		22		37	68%	19%		161		132		109	(17%)
Credit reserve build / (release)		(38)		(117)		(75)		(45)		88	NM	NM		(10)		302		(149)	NM
Citi-Branded Cards
Net credit losses		500		551		467		357		284	(20%)	(43%)		2,864		2,708		1,659	(39%)
Credit reserve build / (release)		(39)		(699)		(564)		(259)		(615)	NM	NM		396		2,607		(2,137)	NM
Citi Retail Services
Net credit losses		339		373		326		238		232	(3%)	(32%)		2,558		2,150		1,169	(46%)
Credit reserve build / (release)		(8)		(601)		(276)		(505)		(306)	39%	NM		83		1,206		(1,688)	NM
Latin America
Net credit losses		162		365		250		175		130	(26%)	(20%)		1,109		866		920	6%
Credit reserve build / (release)		(83)		(163)		(423)		(178)		(61)	66%	27%		(38)		316		(825)	NM
Retail Banking
Net credit losses		68		168		99		77		66	(14%)	(3%)		494		377		410	9%
Credit reserve build / (release)		(73)		(106)		(198)		(74)		(46)	38%	37%		(63)		137		(424)	NM
Citi-Branded Cards
Net credit losses		94		197		151		98		64	(35%)	(32%)		615		489		510	4%
Credit reserve build / (release)		(10)		(57)		(225)		(104)		(15)	86%	(50%)		25		179		(401)	NM
Asia⁽¹⁾
Net credit losses		240		265		186		152		122	(20%)	(49%)		690		790		725	(8%)
Credit reserve build / (release)		(25)		(226)		(60)		(44)		(45)	(2%)	(80%)		8		520		(375)	NM
Retail Banking
Net credit losses		86		80		70		62		48	(23%)	(44%)		255		296		260	(12%)
Credit reserve build / (release)		(4)		(60)		(20)		(5)		(24)	NM	NM		19		210		(109)	NM
Citi-Branded Cards
Net credit losses		154		185		116		90		74	(18%)	(52%)		435		494		465	(6%)
Credit reserve build / (release)		(21)		(166)		(40)		(39)		(21)	46%	-		(11)		310		(266)	NM

Corporate / Other
Net credit losses		(10)		(18)		(22)		(23)		(20)	13%	(100%)		(8)		(22)		(83)	NM
Credit reserve build / (release)		(35)		(109)		(99)		(53)		(30)	43%	14%		(60)		188		(291)	NM

Total provision for credit losses on loans	$	(376)	$	(1,479)	$	(1,126)	$	(188)	$	(310)	(65%)	18%	$	8,218	$	15,922	$	(3,103)	NM

(1)	Asia GCB includes NCLs and credit reserve builds (releases) for certain EMEA countries for all periods presented.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 25

NON-ACCRUAL ASSETS

(In millions of dollars)


											4Q21 Increase/
	4Q		1Q		2Q		3Q		4Q		(Decrease) from
	2020		2021		2021		2021		2021		3Q21	4Q20

Non-accrual loans⁽¹⁾
Corporate non-accrual loans by region
North America	$	1,928	$	1,566	$	1,154	$	1,166	$	801	(31%)	(58%)
EMEA		661		591		480		444		399	(10%)	(40%)
Latin America		719		739		767		679		568	(16%)	(21%)
Asia		219		210		175		111		109	(2%)	(50%)
Total	$	3,527	$	3,106	$	2,576	$	2,400	$	1,877	(22%)	(47%)

Consumer non-accrual loans by region⁽¹⁾
North America	$	1,059	$	961	$	879	$	772	$	759	(2%)	(28%)
Latin America		774		720		612		549		524	(5%)	(32%)
Asia⁽²⁾		308		303		315		268		219	(18%)	(29%)
Total	$	2,141	$	1,984	$	1,806	$	1,589	$	1,502	(5%)	(30%)

Other real estate owned (OREO)⁽³⁾
Institutional Clients Group	$	11	$	10	$	6	$	4	$	14	NM	27%
Global Consumer Banking		10		13		7		7		6	(14%)	(40%)
Corporate/Other		22		20		20		10		7	(30%)	(68%)
Total	$	43	$	43	$	33	$	21	$	27	29%	(37%)

OREO by region
North America	$	19	$	14	$	12	$	10	$	15	50%	(21%)
EMEA		-		-		-		-		-	-	-
Latin America		7		10		11		10		8	(20%)	14%
Asia		17		19		10		1		4	NM	(76%)
Total	$	43	$	43	$	33	$	21	$	27	29%	(37%)

Non-accrual assets (NAA)⁽⁴⁾
Corporate non-accrual loans	$	3,527	$	3,106	$	2,576	$	2,400	$	1,877	(22%)	(47%)
Consumer non-accrual loans		2,141		1,984		1,806		1,589		1,502	(5%)	(30%)
Non-accrual loans (NAL)		5,668		5,090		4,382		3,989		3,379	(15%)	(40%)
OREO		43		43		33		21		27	29%	(37%)
Non-Accrual Assets (NAA)	$	5,711	$	5,133	$	4,415	$	4,010	$	3,406	(15%)	(40%)

NAL as a percentage of total loans		0.84%		0.76%		0.65%		0.60%		0.51%
NAA as a percentage of total assets		0.25%		0.22%		0.19%		0.17%		0.15%
Allowance for loan losses as a percentage of NAL		440%		425%		439%		444%		487%

(1)

Corporate loans are placed on non-accrual status based upon a review by Citigroup's risk officers. Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for consumer loans: consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due; residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency. As such, the non-accrual loan disclosures do not include credit card loans. The balances above represent non-accrual loans within Consumer Loans and Corporate Loans on the Consolidated Balance Sheet.

(2)	Asia GCB includes balances for certain EMEA countries for all periods presented.

(3)	Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral. Also includes former premises and property for use that is no longer contemplated.

(4)	There is no industry-wide definition of non-accrual assets. As such, analysis against the industry is not always comparable.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

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CITIGROUP

CET1 CAPITAL AND SUPPLEMENTARY LEVERAGE RATIOS, TANGIBLE COMMON EQUITY, BOOK VALUE PER

SHARE AND TANGIBLE BOOK VALUE PER SHARE

(In millions of dollars or shares, except per share amounts and ratios)


	December 31,		March 31,		June 30,		September 30,		December 31,
Common Equity Tier 1 Capital Ratio and Components⁽¹⁾	2020		2021		2021		2021⁽²⁾		2021⁽²⁾⁽³⁾
Citigroup common stockholders' equity⁽⁴⁾	$	180,118	$	182,402	$	184,289	$	183,005	$	183,108
Add: qualifying noncontrolling interests		141		132		138		136		143
Regulatory capital adjustments and deductions:
Add:
CECL transition and 25% provision deferral⁽⁵⁾		5,348		4,359		3,774		3,389		3,028
Less:
Accumulated net unrealized gains (losses) on cash flow hedges, net of tax		1,593		1,037		864		663		101
Cumulative unrealized net gain (loss) related to changes in fair value of financial liabilities attributable to own creditworthiness, net of tax		(1,109)		(1,172)		(1,258)		(1,317)		(896)
Intangible assets:
Goodwill, net of related deferred tax liabilities (DTLs)⁽⁶⁾		21,124		20,854		20,999		20,689		20,619
Identifiable intangible assets other than mortgage servicing rights (MSRs), net of related DTLs		4,166		4,054		3,986		3,899		3,840
Defined benefit pension plan net assets; other		921		1,485		2,040		2,068		2,077
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit and general business credit carry-forwards		11,638		11,691		11,192		10,897		10,809
Common Equity Tier 1 Capital (CET1)	$	147,274	$	148,944	$	150,378	$	149,631	$	149,729
Risk-Weighted Assets (RWA)⁽⁵⁾	$	1,255,284	$	1,263,926	$	1,271,046	$	1,284,316	$	1,224,218
Common Equity Tier 1 Capital ratio (CET1/RWA)		11.73%		11.78%		11.83%		11.65%		12.2%

Supplementary Leverage Ratio and Components

Common Equity Tier 1 Capital (CET1)⁽⁵⁾	$	147,274	$	148,944	$	150,378	$	149,631	$	149,729
Additional Tier 1 Capital (AT1)⁽⁷⁾		19,779		21,540		19,258		19,271		20,264
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	167,053	$	170,484	$	169,636	$	168,902	$	169,993
Total Leverage Exposure (TLE)⁽⁵⁾⁽⁸⁾	$	2,386,881	$	2,450,412	$	2,903,655	$	2,911,050	$	2,957,155
Supplementary Leverage ratio (T1C/TLE)		7.00%		6.96%		5.84%		5.80%		5.7%


Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share
Common stockholders' equity	$	179,962	$	182,269	$	184,164	$	182,880	$	182,977
Less:
Goodwill		22,162		21,905		22,060		21,573		21,299
Intangible assets (other than MSRs)		4,411		4,308		4,268		4,144		4,091
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS		-		-		-		257		510
Tangible common equity (TCE)	$	153,389	$	156,056	$	157,836	$	156,906	$	157,077
Common shares outstanding (CSO)		2,082.1		2,067.0		2,026.8		1,984.3		1,984.4
Book value per share (common equity/CSO)	$	86.43	$	88.18	$	90.86	$	92.16	$	92.21
Tangible book value per share (TCE/CSO)	$	73.67	$	75.50	$	77.87	$	79.07	$	79.16

(1)	See footnote 7 on page 1.

(2)	See footnote 3 on page 3.

(3)	Preliminary.

(4)	Excludes issuance costs related to outstanding preferred stock in accordance with Federal Reserve Board regulatory reporting requirements.

(5)	See footnote 8 on page 1.

(6)	Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.

(7)	Additional Tier 1 Capital primarily includes qualifying noncumulative perpetual preferred stock and qualifying trust preferred securities.

(8)	Commencing with the second quarter of 2020 and continuing through the first quarter of 2021, Citigroup's TLE temporarily excluded U.S. Treasuries and deposits at Federal Reserve banks. For additional information, please refer to the "Capital Resources" section of Citigroup's 2020 Form 10-K.

Reclassified to conform to the current period's presentation.

Page 27