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C » Topics » FINANCIAL INFORMATION

This excerpt taken from the C 10-K filed Feb 24, 2006.

FINANCIAL INFORMATION

THE COMPANY   2
  Citigroup Segments and Products   2
  Citigroup Regions   2
CITIGROUP INC. AND SUBSIDIARIES
FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA		   3
MANAGEMENT'S DISCUSSION AND ANALYSIS   4
  2005 in Summary   4
  Events in 2005   7
  Events in 2004   11
  Events in 2003   12
SIGNIFICANT ACCOUNTING POLICIES AND SIGNIFICANT ESTIMATES   13
SEGMENT, PRODUCT AND REGIONAL NET INCOME   16
  Citigroup Net Income—Product View   16
  Citigroup Net Income—Regional View   17
  Selected Revenue and Expense Items   18
GLOBAL CONSUMER   19
  U.S. Consumer   20
  U.S. Cards   21
  U.S. Retail Distribution   23
  U.S. Consumer Lending   25
  U.S. Commercial Business   27
  U.S. Consumer Outlook   29
  International Consumer   30
  International Cards   31
  International Consumer Finance   33
  International Retail Banking   35
  International Consumer Outlook   37
  Other Consumer   38
CORPORATE AND INVESTMENT BANKING   39
  Capital Markets and Banking   40
  Transaction Services   42
  Other CIB   44
  Corporate and Investment Banking Outlook   45
GLOBAL WEALTH MANAGEMENT   46
  Smith Barney   47
  Private Bank   49
  Global Wealth Management Outlook   51
ALTERNATIVE INVESTMENTS   52
CORPORATE/OTHER   55
RISK FACTORS   56
MANAGING GLOBAL RISK   58
  Risk Capital   58
  Credit Risk Management Process   59
  Loans Outstanding   60
  Other Real Estate Owned and Other Repossessed Assets   60
  Details of Credit Loss Experience   61
  Cash-Basis, Renegotiated, and Past Due Loans   62
  Foregone Interest Revenue on Loans   62
  Consumer Credit Risk   63
  Consumer Portfolio Review   63
  Corporate Credit Risk   66
  Citigroup Derivatives   68
  Global Corporate Portfolio Review   70
  Loan Maturities and Fixed/Variable Pricing   71
  Market Risk Management Process   71
  Operational Risk Management Process   74
  Country and Cross-Border Risk Management Process   75
BALANCE SHEET REVIEW   77
  Average Balances and Interest Rates—Assets   79
  Average Balances and Interest Rates—Liabilities and Equity, and Net Interest Revenue   80
  Analysis of Changes in Interest Revenue   81
  Analysis of Changes in Interest Expense and Net Interest Revenue   82
CAPITAL RESOURCES AND LIQUIDITY   83
  Capital Resources   83
  Liquidity   86
  Funding   87
  Off-Balance Sheet Arrangements   89
  Interest Rate Risk Associated with Consumer Mortgage Lending Activity   92
  Pension and Postretirement Plans   93
CORPORATE GOVERNANCE AND CONTROLS AND PROCEDURES   94
FORWARD-LOOKING STATEMENTS   95
GLOSSARY OF TERMS   96
MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING   100
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM—INTERNAL CONTROL OVER FINANCIAL
    REPORTING		   101
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM—CONSOLIDATED FINANCIAL STATEMENTS   102
CONSOLIDATED FINANCIAL STATEMENTS   103
  Consolidated Statement of Income   103
  Consolidated Balance Sheet   104
  Consolidated Statement of Changes in Stockholders' Equity   105
  Consolidated Statement of Cash—Citibank, N.A. Flows   106
  Consolidated Balance Sheet—Citibank, N.A.   107
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS   108
FINANCIAL DATA SUPPLEMENT (Unaudited)   171
  Ratios   171
  Average Deposit Liabilities in Offices Outside the U.S.   171
  Maturity Profile of Time Deposits ($100,000 or more) in U.S. Offices   171
  Short-Term and Other Borrowings   171
LEGAL AND REGULATORY REQUIREMENTS   172
  Securities Regulation   173
  Capital Requirements   173
  General Business Factors   174
  Properties   174
  Legal Proceedings   175
  Unregistered Sales of Equity and Use of Proceeds   180
  Equity Compensation Plan Information   181
10-K CROSS-REFERENCE INDEX   183
CORPORATE INFORMATION   184
  Exhibits and Financial Statement Schedules   184
CITIGROUP BOARD OF DIRECTORS   186

THE COMPANY

        Citigroup Inc. (Citigroup and, together with its subsidiaries, the Company) is a diversified global financial services holding company whose businesses provide a broad range of financial services to consumer and corporate customers. Citigroup has more than 200 million customer accounts and does business in more than 100 countries. Citigroup was incorporated in 1988 under the laws of the State of Delaware.

        The Company is a bank holding company within the meaning of the U.S. Bank Holding Company Act of 1956 registered with, and subject to examination by, the Board of Governors of the Federal Reserve System (FRB). Some of the Company's subsidiaries are subject to supervision and examination by their respective federal and state authorities. At December 31, 2005, the Company had approximately 140,000 full-time and 8,000 part-time employees in the United States and approximately 159,000 full-time employees outside the United States. The Company has completed certain strategic business acquisitions and divestitures during the past three years, details of which can be found in Notes 2 and 3 to the Consolidated Financial Statements on page 118 and 119, respectively.

        The principal executive offices of the Company are located at 399 Park Avenue, New York, New York 10043, telephone number 212-559-1000. Additional information about Citigroup is available on the Company's Web site at www.citigroup.com. Citigroup's annual report on Form 10-K, its quarterly reports on Form 10-Q, its current reports on Form 8-K, and all amendments to these reports are available free of charge through the Company's Web site by clicking on the "Investor Relations" page and selecting "SEC Filings." The Securities and Exchange Commission (SEC) Web site contains reports, proxy and information statements, and other information regarding the Company at www.sec.gov.

        Citigroup is managed along the following segment and product lines:

GRAPHIC

        The following are the six regions in which Citigroup operates. The regional results are fully reflected in the product results.

GRAPHIC

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