SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
(Mark One)
[X] Annual Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
[ ] Transition Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934 (No Fee Required)
For the Fiscal Year Ended December 31, 1999
Commission file numbers:
333-43167
333-72459
Citicorp Mortgage Securities, Inc.
(Issuer in respect of the REMIC Pass-Through Certificates
Series 1999-1 through 1999-8)
(the "Certificates")
--------------------
(Exact name of Registrant as specified in its charter)
Delaware 13-3408713
------------------------------- ----------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
12855 North Outer Forty Drive
St. Louis, Missouri 63141
------------------------------- ----------
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code: (314) 851-6305.
--------------
Securities registered pursuant to Section 12(b) of the Act: NONE
Securities registered pursuant to Section 12(g) of the Act: Certificates
Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes X No
----- -----
Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (ss. 229.405 of this chapter) is not contained herein, and
will not be contained, to the best of Registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K. [x]
State the aggregate market value of the voting stock held by
non-affiliates of the Registrant. The aggregate market value shall be computed
by reference to the price at which the stock was sold, or the average bid and
asked priced of such stock, as of a specified date within 60 days prior to the
date of filing. (See definition of affiliate in Rule 405). NOT APPLICABLE
<PAGE>
PART I
Item 1. Business
Omitted pursuant to an exemptive order dated July 10, 1987 (the
"Exemptive Order").
Item 2. Properties
The Annual Statement of Compliance for the Registrant's REMIC
Pass-Through Certificates Series 1999-1 through 1999-8 is included as Exhibit
99(a)(1) hereto.
Item 3. Legal Proceedings.
The Registrant knows of no material pending legal proceedings involving
either the trusts evidenced by the Certificates, the Registrant, the custodians
(as to each trust, Citicorp Mortgage, Inc. ("CMI")), the subservicer (as to each
trust, CMI), or the trustee (as to the trust for Series 1999-1, 1999-3, 1999-5
and 1999-7, The Bank of New York, and as to the trust for Series 1999-2 and
1999-4, 1999-6 and 1999-8, State Street Bank and Trust Company) with respect to
each such trust, other than routine litigation incidental to the business of the
Registrant or each such custodian, subservicer or trustee.
Item 4. Submission of Matters to a Vote of Security-Holders.
None.
<PAGE>
PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.
(a) To the best of Registrant's knowledge, there is no established
public trading market for the Certificates.
(b) As of December 31, 1999, the number of holders of the Certificates
was as follows:
Number of
Series Holders
------ ---------
1999-1 29
1999-2 11
1999-3 21
1999-4 48
1999-5 21
1999-6 15
1999-7 19
1999-8 15
(c) Omitted pursuant to the Exemptive Order.
Item 6. Selected Financial Data.
Omitted pursuant to the Exemptive Order.
Item 7. Management's Discussion and Analysis of Financial Condition and Results
of Operation.
Omitted pursuant to the Exemptive Order.
Item 8. Financial Statements and Supplementary Data.
In accordance with the Exemptive Order, the Annual Statement of
Compliance and the Annual Independent Accountant's Servicing Reports for the
Registrant's REMIC Pass-Through Certificates Series 1999-1 through 1999-8 are
included herein as Exhibits 99(a)(1) and 99(a)(2), respectively.
Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.
None.
PART III
Item 10. Directors and Executive Officers of the Registrant.
Omitted pursuant to the Exemptive Order.
Item 11. Executive Compensation.
Omitted pursuant to the Exemptive Order.
<PAGE>
Item 12. Security Ownership of Certain Beneficial Owners and Management.
Omitted pursuant to the Exemptive Order.
Item 13. Certain Relationships and Related Transactions.
Omitted pursuant to the Exemptive Order.
PART IV
Item 14. Exhibits, Financial Statement Schedules, and Reports on Form 8-K.
(a) Exhibits
1 The Registrant's Annual Statement of Compliance with respect
to the Certificates as to which Citicorp Mortgage, Inc.
("CMI"), acts as subservicer.
(Exhibit 99(a)(1))
2 Annual Independent Auditors' Servicing Report with respect to
the Certificates as to which CMI acts as subservicer.(Exhibit
99(a)(2))
(b) Current Reports on Form 8-K
The Registrant filed the following Current Reports on Form 8-K
during the fiscal year ended December 31, 1999:
<TABLE>
<CAPTION>
Series Date of Report
------ --------------
<S> <C>
CMSI 1999-1 March 24, 1999 and March 30, 1999
CMSI 1999-2 April 20, 1999 and April 29, 1999
CMSI 1999-3 May 24, 1999 and May 27, 1999
CMSI 1999-4 June 23, 1999 and June 28, 1999
CMSI 1999-5 August 23, 1999, August 24, 1999 and August 26, 1999
CMSI 1999-6 September 21, 1999, September 23, 1999 and September 28, 1999
CMSI 1999-7 October 21, 1999 and October 28, 1999
CMSI 1999-8 October 19, 1999 and October 27, 1998
</TABLE>
The above Reports set forth under Item 2 thereof are the "Detailed
Description of the Mortgage Pool and the Mortgaged Properties" relating to the
Series of Certificates to which such Reports relate.
The above Reports set forth under Item 5 thereof are the Computational
Materials (as defined in the no-action letter dated May 20, 1994 issued by the
Securities and Exchange Commission to Kidder Peabody Acceptance Corporation-I,
Kidder Peabody & Co. Incorporated and Kidder Structured Asset Corporation)
and/or Structural Term Sheets (as defined in the no-action letter dated February
17, 1995 issued by the Securities and Exchange Commission to the Public
Securities Association) that are required to be filed pursuant to such letters.
<PAGE>
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
CITICORP MORTGAGE SECURITIES, INC.
(Registrant)
By:/s/ Michael J. Tarpley
------------------------
Name: Michael J. Tarpley
Title: Assistant Secretary
Dated: March 30, 2000
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below on March 30, 2000 by the following persons on
behalf of the Registrant in the capacities indicated.
Signature Capacity
--------- --------
/s/ Jerome A. Cipponeri President and a Director
------------------------- (Principal Executive Officer)
(Jerome A. Cipponeri)
/s/ Charles Wainhouse Director
-------------------------
(Charles Wainhouse)
/s/ David Lowman Director
-------------------------
(David Lowman)
/s/ Daniel P. Hoffman Senior Vice President, Chief Financial
------------------------- Officer (Principal Financial Officer
(Daniel P. Hoffman) and Principal Accounting Officer)
<PAGE>
EXHIBIT INDEX
Exhibit No.
99(a)(1) The Registrant's Annual Statement of Compliance with respect
to the Registrant's REMIC Pass-Through Certificates as to
which CMI acts as subservicer.
99(a)(2) Annual Independent Auditors' Servicing Report with respect to
the Registrant's Mortgage Pass-Through Certificates and REMIC
Pass-Through Certificates as to which CMI acts as subservicer.
EXHIBIT 99(a)(1)
[LETTERHEAD OF CITICORP MORTGAGE, INC.]
OFFICER'S CERTIFICATE
ANNUAL STATEMENT OF COMPLIANCE
Citicorp Mortgage Securities, Inc.
REMIC Pass-Through Certificates
Per The Attached List
---------------------
Patsy M. Barker, Vice President of Citicorp Mortgage, Inc. ("CMI"), and
William S. Felts, Vice President of Citicorp Mortgage, Inc. ("CMI") pursuant to
the Subservicing Agreements (the "Subservicing Agreements") under which Citicorp
Mortgage Securities, Inc. has delegated duties required to be performed by it
under the Pooling and Servicing Agreements (the "Pooling Agreements") relating
to the above-referenced Certificates to CMI, hereby certify that:
(A) A review of the activities of CMI during the preceding
calendar year and of its performance as subservicer under the
Subservicing Agreements and Pooling Agreements has been made under my
supervision; and
(B) To the best of my knowledge, based on such review, CMI has
fulfilled all of its obligations as subservicer under the Subservicing
Agreements and Pooling Agreements throughout the preceding calendar
year.
IN WITNESS WHEREOF, I have executed this Certificate as of March 30,
2000.
By:/s/ Patsy M. Barker
----------------------
Name: Patsy M. Barker
Title: Vice President
By:/s/ William S. Felts
----------------------
Name: William S. Felts
Title: Vice President
<PAGE>
Exhibit I
CITICORP MORTGAGE SECURITIES, INC. AND SUBSIDIARIES
(An Indirect Wholly Owned Subsidiary of Citigroup)
Mortgage Pass-Through Certificates
December 31, 1999
Citibank, N.A. Series 1983-B
Citibank, N.A. Series 1985-K
Citibank, N.A. Series 1986-J
Citibank, N.A. Series 1986-P
Citibank, N.A. Series 1986-S
Citibank, N.A. Series 1987-A
Citibank, N.A. Series 1987-B
Citibank, N.A. Series 1987-D
Citibank, N.A. Series 1987-F
Citibank, N.A. Series 1989Co/op
Citicorp Mortgage Securities, Inc. Series 1987-1
Citicorp Mortgage Securities, Inc. Series 1987-3
Citicorp Mortgage Securities, Inc. Series 1987-10
Citicorp Mortgage Securities, Inc.
Citibank, N.A. Series 1987-13A
Citicorp Mortgage Securities, Inc.
Citibank, N.A. Series 1987-20A
Citicorp Mortgage Securities Inc.
Citicorp Mortgage, Inc. Series 1988-1A
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1988-6A
Citibank, N.A. Series 1988-6B
Citicorp Mortgage Securities, Inc. Series 1988-8
Citicorp Mortgage Securities, Inc. Series 1988-11
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1988-13A
Citibank, N.A. Series 1988-13B
Citicorp Savings of Illinois, A Federal S&L Assoc. Series 1988-13C
<PAGE>
Exhibit I Cont.
Citicorp Mortgage Securities, Inc. Series 1988-15
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1988-16A
Citibank, N.A. Series 1988-16B
Citicorp Savings of Florida, A Federal S&L Assoc. Series 1988-16C
Citicorp Mortgage Securities, Inc. Series 1988-17
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1988-18A
Citibank, N.A. Series 1988-18B
Citicorp Mortgage Securities, Inc. Series 1988-20
Citicorp Mortgage Securities, Inc. Series 1989-1
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1989-5A
Citibank, N.A. Series 1989-5B
Citicorp Mortgage Securities, Inc. Series 1989-6
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1989-8A
Citibank, N.A. Series 1989-8B
Citicorp Mortgage Securities, Inc. Series 1989-9
Citicorp Mortgage Securities, Inc. Series 1989-12
Citicorp Mortgage Securities, Inc. Series 1989-13
Citicorp Mortgage Securities,Inc. Series 1989-16
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1989-A1
Citibank, N.A. Series 1989-A2
Citicorp Savings of Florida, A Federal S&L Assoc. Series 1989-A3
2
<PAGE>
Exhibit I Cont.
Citicorp Savings of Illinois, A Federal S&L Assoc. Series 1989-A4
Citicorp Mortgage Securities, Inc. Series 1989-19
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1989-C1
Citibank, N.A. Series 1989-C2
Citicorp Savings of Illinois, A Federal S&L Assoc. Series 1989-C3
Citicorp Savings of California, A Federal S&L Assoc. Series 1989-C4
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1989-D1
Citibank, N.A. Series 1989-D2
Citicorp Savings of California, A Federal S&L Assoc. Series 1989-D3
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-5A
Citibank, N.A. Series 1990-5B
Citibank, Federal Savings Bank Series 1990-5C
Citibank Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-7A
Citibank, N.A. Series 1990-7B
Citibank, Federal Savings Bank Series 1990-7C
Citibank, Federal Savings Bank Series 1990-7D
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-8A
Citibank, N.A. Series 1990-8B
Citibank, Federal Savings Bank Series 1990-8C
Citibank, Federal Savings Bank Series 1990-8D
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-9A
Citibank, N.A. Series 1990-9B
Citibank, Federal Savings Bank Series 1990-9C
Citibank, Federal Savings Bank Series 1990-9D
Citicorp Mortgage Securities, Inc.
3
<PAGE>
Exhibit I Cont.
Citicorp Mortgage, Inc. Series 1990-11A
Citibank, N.A. Series 1990-11B
Citibank, Federal Savings Bank Series 1990-11C
Citibank, Federal Savings Bank Series 1990-11D
Citibank, Federal Savings Bank Series 1990-11E
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-12A
Citibank, N.A. Series 1990-12B
Citibank, Federal Savings Bank Series 1990-12C
Citicorp Mortgage Securities, Inc. Series 1990-14
Citicorp Mortgage Securities, Inc. Series 1990-16
Citicorp Mortgage Securities, Inc. Series 1990-17
Citicorp Mortgage Securities, Inc. Series 1990-18
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-B1
Citibank, N.A. Series 1990-B2
Citibank, Federal Savings Bank Series 1990-B3
Citicorp Mortgage Trust III
Citicorp Mortgage, Inc. Series 1990-IIIA
Citibank, N.A. Series 1990-IIIB
Citicorp Savings of California, A Federal S&L Assoc. Series 1990-IIIC
Citicorp Mortgage Trust IV
Citicorp Mortgage, Inc. Series 1990-IVA
Citibank, N.A. Series 1990-IVB
Citibank, Federal Savings Bank Series 1990-IVC
Citibank, Federal Savings Bank Series 1990-IVD
Citibank, Federal Savings Bank Series 1990-IVE
Citicorp Mortgage Securities, Inc. Series 1991-4
Citicorp Mortgage Securities, Inc. Series 1991-5
Citicorp Mortgage Securities, Inc. Series 1991-6
Citicorp Mortgage Securities, Inc. Series 1991-7
Citicorp Mortgage Securities, Inc. Series 1991-9
Citicorp Mortgage Securities, Inc. Series 1991-13
4
<PAGE>
Exhibit I Cont.
Citicorp Mortgage Securities, Inc. Series 1991-14
Citicorp Mortgage Securities, Inc. Series 1991-16
Citicorp Mortgage Securities, Inc. Series 1991-17
Citicorp Mortgage Securities, Inc. Series 1991-A
Citicorp Mortgage Securities, Inc. Series 1992-1
Citicorp Mortgage Securities, Inc. Series 1992-3
Citicorp Mortgage Securities, Inc. Series 1992-4
Citicorp Mortgage Securities, Inc. Series 1992-5
Citicorp Mortgage Securities, Inc. Series 1992-7
Citicorp Mortgage Securities, Inc. Series 1992-8
Citicorp Mortgage Securities, Inc. Series 1992-9
Citicorp Mortgage Securities, Inc. Series 1992-10
Citicorp Mortgage Securities, Inc. Series 1992-11
Citicorp Mortgage Securities, Inc. Series 1992-12
Citicorp Mortgage Securities, Inc. Series 1992-13
Citicorp Mortgage Securities, Inc. Series 1992-14
Citicorp Mortgage Securities, Inc. Series 1992-15
Citicorp Mortgage Securities, Inc. Series 1992-16
Citicorp Mortgage Securities, Inc. Series 1992-17
Citicorp Mortgage Securities, Inc. Series 1992-18
Citicorp Mortgage Securities, Inc. Series 1992-19
Citicorp Mortgage Securities, Inc. Series 1992-20
Citicorp Mortgage Securities, Inc. Series 1993-1
Citicorp Mortgage Securities, Inc. Series 1993-2
Citicorp Mortgage Securities, Inc. Series 1993-3
Citicorp Mortgage Securities, Inc. Series 1993-4
Citicorp Mortgage Securities, Inc. Series 1993-5
Citicorp Mortgage Securities, Inc. Series 1993-6
Citicorp Mortgage Securities, Inc. Series 1993-7
Citicorp Mortgage Securities, Inc. Series 1993-8
Citicorp Mortgage Securities, Inc. Series 1993-9
Citicorp Mortgage Securities, Inc. Series 1993-10
Citicorp Mortgage Securities, Inc. Series 1993-11
Citicorp Mortgage Securities, Inc. Series 1993-12
Citicorp Mortgage Securities, Inc. Series 1993-13
Citicorp Mortgage Securities, Inc. Series 1993-14
5
<PAGE>
Exhibit I Cont.
Citicorp Mortgage Securities, Inc. Series 1994-1
Citicorp Mortgage Securities, Inc. Series 1994-2
Citicorp Mortgage Securities, Inc. Series 1994-3
Citicorp Mortgage Securities, Inc. Series 1994-4
Citicorp Mortgage Securities, Inc. Series 1994-5
Citicorp Mortgage Securities, Inc. Series 1994-6
Citicorp Mortgage Securities, Inc. Series 1994-7
Citicorp Mortgage Securities, Inc. Series 1994-8
Citicorp Mortgage Securities, Inc. Series 1994-9
Citicorp Mortgage Securities, Inc. Series 1994-10
Citicorp Mortgage Securities, Inc. Series 1994-11
Citicorp Mortgage Securities, Inc. Series 1994-12
Citicorp Mortgage Securities, Inc. Series 1994-13
Citicorp Mortgage Securities, Inc. Series 1995-1
Citicorp Mortgage Securities, Inc. Series 1995-2
Citicorp Mortgage Securities, Inc. Series 1995-3
Citicorp Mortgage Securities, Inc. Series 1996-1
Citicorp Mortgage Securities, Inc. Series 1997-1
Citicorp Mortgage Securities, Inc. Series 1997-2
Citicorp Mortgage Securities, Inc. Series 1997-3
Citicorp Mortgage Securities, Inc. Series 1997-4
Citicorp Mortgage Securities, Inc. Series 1997-5
Citicorp Mortgage Securities, Inc. Series 1997-6
Citicorp Mortgage Securities, Inc. Series 1997-7
Citicorp Mortgage Securities, Inc. Series 1998-1
Citicorp Mortgage Securities, Inc. Series 1998-2
Citicorp Mortgage Securities, Inc. Series 1998-3
Citicorp Mortgage Securities, Inc. Series 1998-4
Citicorp Mortgage Securities, Inc. Series 1998-5
Citicorp Mortgage Securities, Inc. Series 1998-6
Citicorp Mortgage Securities, Inc. Series 1998-7
Citicorp Mortgage Securities, Inc. Series 1998-8
Citicorp Mortgage Securities, Inc. Series 1998-9
Citicorp Mortgage Securities, Inc. Series 1998-10
Citicorp Mortgage Securities, Inc. Series 1999-1
6
<PAGE>
Exhibit I Cont.
Citicorp Mortgage Securities, Inc. Series 1999-2
Citicorp Mortgage Securities, Inc. Series 1999-3
Citicorp Mortgage Securities, Inc. Series 1999-4
Citicorp Mortgage Securities, Inc. Series 1999-5
Citicorp Mortgage Securities, Inc. Series 1999-6
Citicorp Mortgage Securities, Inc. Series 1999-7
Citicorp Mortgage Securities, Inc. Series 1999-8
7
Exhibit 99(a)(2)
[LETTERHEAD OF KPMG LLP]
Independent Auditors' Report
The Board of Directors
Citicorp Mortgage, Inc.
12855 North Outer Forty Drive
St. Louis, Missouri 63141
Bank One Trust Company, NA
1080 Oliver Road
Monroe, Louisiana 71201
Citibank, N.A.
399 Park Avenue
New York, New York 10043
We have audited the consolidated financial statements of Citicorp Mortgage, Inc.
(an indirect wholly owned subsidiary of Citigroup) and subsidiaries (the
Company) as of and for the year ended December 31, 1999, and have issued our
report thereon dated March 10, 2000. We conducted our audit in accordance with
generally accepted auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.
In connection with our audit, we noted no instances of noncompliance that are
required to be reported herein under the requirements applicable to HUD-approved
Title II non-supervised mortgagees and, as specified in the Consolidated Audit
Guide for Audits of HUD Programs (the Guide), issued by the U.S. Department of
Housing and Urban Development, Office of the Inspector General in August 1997
insofar as they relate to accounting matters related to the Mortgage Pass-Thru
Certificates referred to in Exhibit I. However, our audit was not directed
primarily toward obtaining knowledge of such noncompliance.
This report is intended for the information and use of the Board of Directors,
management of the Company, Bankers Trust Company, State Street Bank and Trust
Company, and The Bank of New York and is not intended to be and should not be
used by anyone other than those specified parties.
/s/ KPMG LLP
------------
March 10, 2000
<PAGE>
Exhibit I
CITICORP MORTGAGE INC. AND SUBSIDIARIES
(An Indirect Wholly Owned Subsidiary of Citigroup)
Mortgage Pass-Through Certificates
December 31, 1999
Citibank, N.A. Series 1983-B
Citibank, N.A. Series 1985-K
Citibank, N.A. Series 1986-J
Citibank, N.A. Series 1986-P
Citibank, N.A. Series 1986-S
Citibank, N.A. Series 1987-A
Citibank, N.A. Series 1987-B
Citibank, N.A. Series 1987-D
Citibank, N.A. Series 1987-E
Citibank, N.A. Series 1987-F
Citibank, N.A. Series 1989Co/op
Citicorp Mortgage Securities, Inc. Series 1987-1
Citicorp Mortgage Securities, Inc. Series 1987-3
Citicorp Mortgage Securities, Inc. Series 1987-10
Citicorp Mortgage Securities, Inc.
Citibank, N.A. Series 1987-13A
Citicorp Mortgage Securities, Inc.
Citibank, N.A. Series 1987-20A
Citicorp Mortgage Securities Inc.
Citicorp Mortgage, Inc. Series 1988-1A
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1988-6A
Citibank, N.A. Series 1988-6B
Citicorp Mortgage Securities, Inc. Series 1988-8
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1988-10A
Citibank, N.A. Series 1988-10B
Citicorp Savings of Florida, A Federal S&L Assoc. Series 1988-10C
Citicorp Mortgage Securities, Inc. Series 1988-11
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1988-13A
Citibank, N.A. Series 1988-13B
Citicorp Savings of Illinois, A Federal S&L Assoc. Series 1988-13C
Citicorp Mortgage Securities, Inc. Series 1988-15
<PAGE>
Exhibit I Cont.
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1988-16A
Citibank, N.A. Series 1988-16B
Citicorp Savings of Florida, A Federal S&L Assoc. Series 1988-16C
Citicorp Mortgage Securities, Inc. Series 1988-17
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1988-18A
Citibank, N.A. Series 1988-18B
Citicorp Mortgage Securities, Inc. Series 1988-20
Citicorp Mortgage Securities, Inc. Series 1989-1
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1989-5A
Citibank, N.A. Series 1989-5B
Citicorp Mortgage Securities, Inc. Series 1989-6
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1989-8A
Citibank, N.A. Series 1989-8B
Citicorp Mortgage Securities, Inc. Series 1989-12
Citicorp Mortgage Securities, Inc. Series 1989-13
Citicorp Mortgage Securities,Inc. Series 1989-16
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1989-A1
Citibank, N.A. Series 1989-A2
Citicorp Savings of Florida, A Federal S&L Assoc. Series 1989-A3
Citicorp Savings of Illinois, A Federal S&L Assoc. Series 1989-A4
Citicorp Mortgage Securities, Inc. Series 1989-19
2
<PAGE>
Exhibit I Cont.
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1989-C1
Citibank, N.A. Series 1989-C2
Citicorp Savings of Illinois, A Federal S&L Assoc. Series 1989-C3
Citicorp Savings of California, A Federal S&L Assoc. Series 1989-C4
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1989-D1
Citibank, N.A. Series 1989-D2
Citicorp Savings of California, A Federal S&L Assoc. Series 1989-D3
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-5A
Citibank, N.A. Series 1990-5B
Citibank, Federal Savings Bank Series 1990-5C
Citibank Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-7A
Citibank, N.A. Series 1990-7B
Citibank, Federal Savings Bank Series 1990-7C
Citibank, Federal Savings Bank Series 1990-7D
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-8A
Citibank, N.A. Series 1990-8B
Citibank, Federal Savings Bank Series 1990-8C
Citibank, Federal Savings Bank Series 1990-8D
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-9A
Citibank, N.A. Series 1990-9B
Citibank, Federal Savings Bank Series 1990-9C
Citibank, Federal Savings Bank Series 1990-9D
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-11A
Citibank, N.A. Series 1990-11B
Citibank, Federal Savings Bank Series 1990-11C
Citibank, Federal Savings Bank Series 1990-11D
Citibank, Federal Savings Bank Series 1990-11E
3
<PAGE>
Exhibit I Cont.
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-12A
Citibank, N.A. Series 1990-12B
Citibank, Federal Savings Bank Series 1990-12C
Citicorp Mortgage Securities, Inc. Series 1990-14
Citicorp Mortgage Securities, Inc. Series 1990-16
Citicorp Mortgage Securities, Inc. Series 1990-17
Citicorp Mortgage Securities, Inc. Series 1990-18
Citicorp Mortgage Securities, Inc.
Citicorp Mortgage, Inc. Series 1990-B1
Citibank, N.A. Series 1990-B2
Citibank, Federal Savings Bank Series 1990-B3
Citicorp Mortgage Trust III
Citicorp Mortgage, Inc. Series 1990-IIIA
Citibank, N.A. Series 1990-IIIB
Citicorp Savings of California, A Federal S&L Assoc. Series 1990-IIIC
Citicorp Mortgage Trust IV
Citicorp Mortgage, Inc. Series 1990-IVA
Citibank, N.A. Series 1990-IVB
Citibank, Federal Savings Bank Series 1990-IVC
Citibank, Federal Savings Bank Series 1990-IVD
Citibank, Federal Savings Bank Series 1990-IVE
Citicorp Mortgage Securities, Inc. Series 1991-4
Citicorp Mortgage Securities, Inc. Series 1991-5
Citicorp Mortgage Securities, Inc. Series 1991-6
Citicorp Mortgage Securities, Inc. Series 1991-7
Citicorp Mortgage Securities, Inc. Series 1991-9
Citicorp Mortgage Securities, Inc. Series 1991-13
Citicorp Mortgage Securities, Inc. Series 1991-14
Citicorp Mortgage Securities, Inc. Series 1991-16
Citicorp Mortgage Securities, Inc. Series 1991-17
Citicorp Mortgage Securities, Inc. Series 1991-A
Citicorp Mortgage Securities, Inc. Series 1992-1
Citicorp Mortgage Securities, Inc. Series 1992-3
4
<PAGE>
Exhibit I Cont.
Citicorp Mortgage Securities, Inc. Series 1992-4
Citicorp Mortgage Securities, Inc. Series 1992-5
Citicorp Mortgage Securities, Inc. Series 1992-7
Citicorp Mortgage Securities, Inc. Series 1992-8
Citicorp Mortgage Securities, Inc. Series 1992-9
Citicorp Mortgage Securities, Inc. Series 1992-10
Citicorp Mortgage Securities, Inc. Series 1992-11
Citicorp Mortgage Securities, Inc. Series 1992-12
Citicorp Mortgage Securities, Inc. Series 1992-13
Citicorp Mortgage Securities, Inc. Series 1992-14
Citicorp Mortgage Securities, Inc. Series 1992-15
Citicorp Mortgage Securities, Inc. Series 1992-16
Citicorp Mortgage Securities, Inc. Series 1992-17
Citicorp Mortgage Securities, Inc. Series 1992-18
Citicorp Mortgage Securities, Inc. Series 1992-19
Citicorp Mortgage Securities, Inc. Series 1992-20
Citicorp Mortgage Securities, Inc. Series 1993-1
Citicorp Mortgage Securities, Inc. Series 1993-2
Citicorp Mortgage Securities, Inc. Series 1993-3
Citicorp Mortgage Securities, Inc. Series 1993-4
Citicorp Mortgage Securities, Inc. Series 1993-5
Citicorp Mortgage Securities, Inc. Series 1993-6
Citicorp Mortgage Securities, Inc. Series 1993-7
Citicorp Mortgage Securities, Inc. Series 1993-8
Citicorp Mortgage Securities, Inc. Series 1993-9
Citicorp Mortgage Securities, Inc. Series 1993-10
Citicorp Mortgage Securities, Inc. Series 1993-11
Citicorp Mortgage Securities, Inc. Series 1993-12
Citicorp Mortgage Securities, Inc. Series 1993-13
Citicorp Mortgage Securities, Inc. Series 1993-14
Citicorp Mortgage Securities, Inc. Series 1994-1
Citicorp Mortgage Securities, Inc. Series 1994-2
Citicorp Mortgage Securities, Inc. Series 1994-3
Citicorp Mortgage Securities, Inc. Series 1994-4
Citicorp Mortgage Securities, Inc. Series 1994-5
Citicorp Mortgage Securities, Inc. Series 1994-6
Citicorp Mortgage Securities, Inc. Series 1994-7
Citicorp Mortgage Securities, Inc. Series 1994-8
Citicorp Mortgage Securities, Inc. Series 1994-9
Citicorp Mortgage Securities, Inc. Series 1994-10
5
<PAGE>
Exhibit I Cont.
Citicorp Mortgage Securities, Inc. Series 1994-11
Citicorp Mortgage Securities, Inc. Series 1994-12
Citicorp Mortgage Securities, Inc. Series 1994-13
Citicorp Mortgage Securities, Inc. Series 1995-1
Citicorp Mortgage Securities, Inc. Series 1995-2
Citicorp Mortgage Securities, Inc. Series 1995-3
Citicorp Mortgage Securities, Inc. Series 1996-1
Citicorp Mortgage Securities, Inc. Series 1997-1
Citicorp Mortgage Securities, Inc. Series 1997-2
Citicorp Mortgage Securities, Inc. Series 1997-3
Citicorp Mortgage Securities, Inc. Series 1997-4
Citicorp Mortgage Securities, Inc. Series 1997-5
Citicorp Mortgage Securities, Inc. Series 1997-6
Citicorp Mortgage Securities, Inc. Series 1997-7
Citicorp Mortgage Securities, Inc. Series 1998-1
Citicorp Mortgage Securities, Inc. Series 1998-2
Citicorp Mortgage Securities, Inc. Series 1998-3
Citicorp Mortgage Securities, Inc. Series 1998-4
Citicorp Mortgage Securities, Inc. Series 1998-5
Citicorp Mortgage Securities, Inc. Series 1998-6
Citicorp Mortgage Securities, Inc. Series 1998-7
Citicorp Mortgage Securities, Inc. Series 1998-8
Citicorp Mortgage Securities, Inc. Series 1998-9
Citicorp Mortgage Securities, Inc. Series 1998-10
Citicorp Mortgage Securities, Inc. Series 1999-1
Citicorp Mortgage Securities, Inc. Series 1999-2
Citicorp Mortgage Securities, Inc. Series 1999-3
Citicorp Mortgage Securities, Inc. Series 1999-4
Citicorp Mortgage Securities, Inc. Series 1999-5
Citicorp Mortgage Securities, Inc. Series 1999-6
Citicorp Mortgage Securities, Inc. Series 1999-7
Citicorp Mortgage Securities, Inc. Series 1999-8
6
