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CITIGROUP, INC.
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES
(In Millions)
<TABLE>
<CAPTION>
YEAR ENDED DECEMBER 31, Six Months
June 30,
EXCLUDING INTEREST ON DEPOSITS: 1999 1998 1997 1996 1995 2000 1999
------ ------ ------ ------ ------ ------ ------
<S> <C> <C> <C> <C> <C> <C> <C>
FIXED CHARGES:
INTEREST EXPENSE (OTHER THAN
INTEREST ON DEPOSITS) 13,894 15,849 14,911 12,362 13,488 8,509 7,020
INTEREST FACTOR IN RENT EXPENSE 262 394 301 282 275 171 162
------ ------ ------ ------ ------ ------ ------
TOTAL FIXED CHARGES 14,156 16,243 15,212 12,644 13,763 8,680 7,182
------ ------ ------ ------ ------ ------ ------
INCOME:
INCOME BEFORE TAXES, MINORITY INTEREST
AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES 15,948 9,269 10,750 11,087 8,914 10,300 7,887
OTHER - - - 1 - - -
FIXED CHARGES 14,156 16,243 15,212 12,644 13,763 8,680 7,182
------ ------ ------ ------ ------ ------ ------
TOTAL INCOME 30,104 25,512 25,962 23,732 22,677 18,980 15,069
====== ====== ====== ====== ====== ====== ======
RATIO OF INCOME TO FIXED CHARGES
EXCLUDING INTEREST ON DEPOSITS 2.13 1.57 1.71 1.88 1.65 2.19 2.10
====== ====== ====== ====== ====== ====== ======
INCLUDING INTEREST ON DEPOSITS:
FIXED CHARGES:
INTEREST EXPENSE 24,768 27,495 24,524 21,336 22,390 14,515 12,507
INTEREST FACTOR IN RENT EXPENSE 262 394 301 282 275 171 162
------ ------ ------ ------ ------ ------ ------
TOTAL FIXED CHARGES 25,030 27,889 24,825 21,618 22,665 14,686 12,669
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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 10,300 7,887
OTHER - - - 1 - - -
FIXED CHARGES 25,030 27,889 24,825 21,618 22,665 14,686 12,669
------ ------ ------ ------ ------ ------ ------
TOTAL INCOME 40,978 37,158 35,575 32,706 31,579 24,986 20,556
====== ====== ====== ====== ====== ====== ======
RATIO OF INCOME TO FIXED CHARGES
INCLUDING INTEREST ON DEPOSITS 1.64 1.33 1.43 1.51 1.39 1.70 1.62
====== ====== ====== ====== ====== ====== ======
</TABLE>
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