This excerpt taken from the C 8-K filed Oct 16, 2008.
PROGRESS ON LOWERING EXPENSES, HEADCOUNT AND LEGACY ASSETS
CONTINUED CAPITAL AND STRUCTURAL LIQUIDITY STRENGTH
New York, NY, October 16, 2008 Citigroup Inc. (NYSE: C) today reported a net loss for the 2008 third quarter of $2.8 billion, or $0.60 per share, based on 5,342 million shares outstanding. Results included $4.4 billion in net pre-tax write-downs in Securities and Banking (See Schedule B on page 10), $4.9 billion in net credit losses, and a $3.9 billion net charge to increase loan loss reserves.