This excerpt taken from the C 8-K filed Jan 19, 2010.
At year-end, the Tier 1 Capital ratio was 11.7%. Tier 1 Common ratio was 9.6%, up from 2.3% a year ago. Tier 1 Common was $104.6 billion, up from $22.9 billion a year ago.
· Continued support for U.S. economy and consumers. During 2009, Citi provided approximately $458 billion in new credit in the U.S. Since the start of the U.S. housing crisis in 2007, Citi has worked with more than 715,000 homeowners to help them avoid potential foreclosure. Citi completed approximately 130,000 mortgage loan modifications during 2009. In addition, Citi established more than 119,000 trial modifications during the year under the Home Affordable Modification Program (HAMP) or its own proprietary modification program. Citi is also currently helping more than 1.5 million credit card members to manage their card debt through a variety of forbearance programs. The company has remained committed to long-standing programs that provide small and mid-sized companies access to credit to grow their businesses. Citi has provided over $4.5 billion of new (and renewed) credit to small and mid-sized businesses in 2009.
I would like to thank all my colleagues for their efforts during 2009, said CEO Vikram Pandit. It was their hard work and relentless dedication to Citi that delivered so much progress during the year. I would also like to thank our clients around the world who continued to strongly support us during a difficult period in the companys history. Citi has an incredibly strong franchise with world class talent dedicated to meeting our clients needs. I am confident of our future success.
(5) Structural liquidity equals deposits, long-term debt and equity, as a percentage of total assets.