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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
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Reynolds Metals Company
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
761763-10-1
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/X/ Rule 13d-1(b)
/ / Rule 13d-1(c)
/ / Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
Page 1
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SCHEDULE 13G
CUSIP NO. 761763-10-1 Page 2 of 6 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Citigroup Inc.
52-1568099
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) / /
(b) / /
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF (5) SOLE VOTING POWER 0
SHARES
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BENEFICIALLY (6) SHARED VOTING POWER 3,235,826
OWNED BY
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EACH (7) SOLE DISPOSITIVE POWER 0
REPORTING
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PERSON (8) SHARED DISPOSITIVE POWER 3,235,826
WITH:
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,235,826
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(10) CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE
INSTRUCTIONS) / /
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0%
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(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC
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Item 1(a). Name of Issuer:
Reynolds Metals Company
Item 1(b). Address of Issuer's Principal Executive Offices:
6601 West Broad Street
P.O. Box 27003
Richmond, Virginia 23261-7003
Item 2(a). Name of Person Filing:
Citigroup Inc. ("Citigroup")
Item 2(b). Address or Principal Office or, if none, Residence:
The address of the principal office of Citigroup is:
153 East 53rd Street
New York, NY 10043
Item 2(c). Citizenship or Place of Organization:
Citigroup is a Delaware corporation.
Item 2(d). Title of Class of Securities:
Common Stock
Item 2(e). Cusip Number:
761763-10-1
Page 3
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Item 3. If this Statement is Filed Pursuant to Sections 240.13d-1(b) or
240.13d-2(b) or (c), Check Whether the Person Filing is a(n):
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c);
(c) [ ] Insurance company as defined in section 3(a)(19) of
the Act (15 U.S.C. 78c);
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e) [ ] Investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
(f) [ ] Employee benefit plan or endowment fund in accordance
with Section 240.13d-1(b)(1)(ii)(F);
(g) [X] Parent holding company or control person in accordance
with Section 240.13d-1(b)(1)(ii)(G);
(h) [ ] Savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] Church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3)
(j) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership. (as of December 31, 1998)
(a) Amount beneficially owned: See item 9 of cover pages
(b) Percent of Class: See item 11 of cover pages
(c) Number of shares as to which the person has:
(i) sole power to vote or to direct the vote:
(ii) shared power to vote or to direct the vote:
(iii) sole power to dispose or to direct the disposition of:
(iv) shared power to dispose or to direct the disposition of:
See Items 5-8 of cover pages
Page 4
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Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial owner
of more than five percent of the class of securities, check the
following [ ].
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not Applicable.
Item 7. Identification and Classification of the Subsidiary which Acquired
the Security being Reported on by the Parent Holding Company.
Citigroup is reporting on behalf of subsidiaries which individually
qualify to file a Schedule 13G and whose individual percentages of
beneficial ownership do not exceed 5%. Accordingly Citigroup is
the only entity whose indirect beneficial ownership on an
aggregate basis exceeds 5%.
Item 8. Identification and Classification of Members of the Group.
Not Applicable.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Page 5
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Item 10. Certification.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURE.
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: February 9, 1999
CITIGROUP INC.
By: /s/ Marla A. Berman
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Name: Marla A. Berman
Title: Assistant Secretary
Page 6
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EXHIBIT INDEX TO SCHEDULE 13G
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EXHIBIT 1
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Disclaimer of beneficial ownership by Citigroup
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EXHIBIT 1
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DISCLAIMER OF BENEFICIAL OWNERSHIP
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The undersigned disclaims beneficial ownership of the securities
referred to in the Schedule 13G to which this exhibit is attached, and the
filing of this Schedule 13G shall not be construed as an admission that
the undersigned is, for the purpose of Section 13(d) or 13(g) of the Securities
Exchange Act of 1934, as amended, the beneficial owner of any securities
covered by this Schedule 13G.
Date: February 9, 1999
CITIGROUP INC.
By: /s/ Marla A. Berman
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Name: Marla A. Berman
Title: Assistant Secretary
