Citigroup (C)

4.     Business Segment Information

        Citigroup is a diversified bank holding company whose businesses provide a broad range of financial services to consumer and corporate customers around the world. The Company's activities are conducted through the Global Consumer, Corporate and Investment Banking, Global Wealth Management, and Alternative Investments business segments.

        The Global Consumer segment includes a global, full-service consumer franchise delivering a wide array of banking, lending, insurance and investment services through a network of local branches, offices, and electronic delivery systems.

        The businesses included in the Company's Corporate and Investment Banking segment provide corporations, governments, institutions, and investors in approximately 100 countries with a broad range of banking and financial products and services.

        The Global Wealth Management segment is composed of the Smith Barney Private Client businesses, Citigroup Private Bank and Citigroup Investment Research. Smith Barney provides investment advice, financial planning and brokerage services to affluent individuals, companies, and non-profits. Private Bank provides personalized wealth management services for high net worth clients.

        The Alternative Investments segment manages capital on behalf of Citigroup (including the ownership of St. Paul's Travelers, MetLife, and Legg Mason shares) and third-party clients across five asset classes, including private equity, hedge funds, real estate, structured products and managed futures.

        Corporate/Other includes net treasury results, unallocated corporate expenses, offsets to certain line-item reclassifications (eliminations), the results of discontinued operations, the cumulative effect of accounting changes and unallocated taxes.

        The accounting policies of these reportable segments are the same as those disclosed in Note 1 to the Consolidated Financial Statements on page 108.

        The following table presents certain information regarding the Company's continuing operations by segment:

(1)

Reclassified to conform to the Sale of the Asset Management Business, the Sale of the Life Insurance & Annuities Business, and certain recent organizational changes.

(2)

Includes total revenues, net of interest expense, in the U.S. of $47.4 billion, $47.1 billion, and $42.9 billion; in Mexico of $5.3 billion, $4.5 billion, and $3.8 billion and in Japan of $4.5 billion, $4.3 billion, and $4.2 billion in 2005, 2004, and 2003, respectively. There were no other individual foreign countries that were material to total revenues, net of interest expense. Figures exclude Alternative Investments and Corporate/Other, which largely operate within the U.S.

(3)

Includes pretax provisions (credits) for credit losses and for benefits and claims in the Global Consumer results of $9.1 billion, $8.1 billion, and $8.2 billion, in the Corporate and Investment Banking results of ($42) million, ($975) million, and $732 million, and in the Global Wealth Management results of $29 million, ($5) million, and $12 million for 2005, 2004, and 2003, respectively. Corporate/Other recorded a pretax credit of ($2) million and ($2) million in 2005 and 2003, respectively. Includes pretax credit in the Alternative Investments results of ($2) million in 2005.

(4)

For 2005, the Company recognized after-tax charges of $49 million for the cumulative effect of accounting change related to the adoption of FIN 47.

(5)

Corporate/Other includes assets at December 31, 2004 that were part of the Sale of the Life Insurance and Annuities Business and the Sale of the Asset Management Business.

5.     Business Segment Information

        The following table presents certain information regarding the Company's continuing operations by segment:

(1)

Results in the 2005 third quarter and nine-month period include pretax provisions (credits) for benefits, claims, and credit losses in Global Consumer of $2.8 billion and $6.9 billion, respectively, in Corporate and Investment Banking of $43 million and $(27) million, respectively, in Global Wealth Management of $30 million and $14 million, respectively, in Alternative Investments of $(2) million and $(2) million, respectively, and in Corporate/Other of $(1) million and $(2) million, respectively. The 2004 third quarter and nine-month period results reflect pretax provisions (credits) for benefits, claims, and credit losses in Global Consumer of $1.6 billion and $6.3 billion, respectively, in Corporate and Investment Banking of $(405) million and $(812) million, respectively, in Global Wealth Management of $(7) million and ($4) million, respectively, and in Corporate/Other of $2 million and $2 million, respectively.

(2)

Reclassified to conform with the current period's presentation.

(3)

Identifiable assets exclude $1 billion of Assets of Discontinued Operations Held for Sale at September 30, 2005.

(4)

Corporate/Other includes assets at December 31, 2004 that were part of the Company's January 31, 2005 announced agreement for the Sale of the Life Insurance and Annuities Business and the Company's June 24, 2005 announced agreement for the Sale of the Asset Management Business.

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5.     Business Segment Information

        The following table presents certain information regarding the Company's continuing operations by segment:

(1)

Results in the 2005 and 2004 first quarters include pretax provisions (credits) for benefits, claims, and credit losses in Global Consumer of $2.1 billion and $2.5 billion, respectively, in Corporate and Investment Banking of ($56) million and ($60) million, respectively, and in Global Wealth Management of ($16) million and $4 million, respectively. The 2004 first quarter reflects a pretax provision for benefits, claims, and credit losses in Alternative Investments of $1 million.

(2)

Reclassified to conform with the current period's presentation.

(3)

Identifiable assets excludes $95 billion of Assets of discontinued operations held for sale at March 31, 2005.

(4)

Corporate/Other includes assets at December 31, 2004 that were part of the Company's January 31, 2005 announced agreement for the Sale of the Life Insurance and Annuities Business.

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