CITIGROUP, INC.
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES
(In Millions)
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YEAR ENDED DECEMBER 31, Nine Months
September 30,
EXCLUDING INTEREST ON DEPOSITS: 1999 1998 1997 1996 1995 2000 1999
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FIXED CHARGES:
INTEREST EXPENSE (OTHER THAN
INTEREST ON DEPOSITS) 13,894 15,849 14,911 12,362 13,488 13,633 10,385
INTEREST FACTOR IN RENT EXPENSE 262 394 301 282 275 261 212
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TOTAL FIXED CHARGES 14,156 16,243 15,212 12,644 13,763 13,894 10,597
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INCOME:
INCOME BEFORE TAXES, MINORITY INTEREST
AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES 15,948 9,269 10,750 11,087 8,914 15,152 11,757
OTHER -- -- -- 1 -- -- --
FIXED CHARGES 14,156 16,243 15,212 12,644 13,763 13,894 10,597
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TOTAL INCOME 30,104 25,512 25,962 23,732 22,677 29,046 22,354
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RATIO OF INCOME TO FIXED CHARGES
EXCLUDING INTEREST ON DEPOSITS 2.13 1.57 1.71 1.88 1.65 2.09 2.11
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INCLUDING INTEREST ON DEPOSITS:
FIXED CHARGES:
INTEREST EXPENSE 24,768 27,495 24,524 21,336 22,390 23,252 18,583
INTEREST FACTOR IN RENT EXPENSE 262 394 301 282 275 261 212
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TOTAL FIXED CHARGES 25,030 27,889 24,825 21,618 22,665 23,513 18,795
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INCOME:
INCOME BEFORE TAXES, MINORITY INTEREST
AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES 15,948 9,269 10,750 11,087 8,914 15,152 11,757
OTHER -- -- -- 1 -- -- --
FIXED CHARGES 25,030 27,889 24,825 21,618 22,665 23,513 18,795
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TOTAL INCOME 40,978 37,158 35,575 32,706 31,579 38,665 30,552
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RATIO OF INCOME TO FIXED CHARGES
INCLUDING INTEREST ON DEPOSITS 1.64 1.33 1.43 1.51 1.39 1.64 1.63
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