Item 7.01 Regulation FD Disclosure.

On March 9, 2009, Vikram Pandit, the Chief Executive Officer of Citigroup Inc. ("Citi"), distributed a letter to employees providing an update on Citi's position. A copy of the letter is furnished as Exhibit 99.1 hereto.
The information in this Item 7.01 and Exhibit 99.1 of Item 9.01 is being furnished, not filed. Accordingly, the information in this Item 7.01 and Exhibit 99.1 of Item 9.01 will not be incorporated by reference into any registration statement filed by Citi under the Securities Act of 1933, as amended, unless specifically identified as being incorporated therein by reference.
References to the Tier 1 ratios of Citi and other large U.S. banks are based on those large U.S. banks that calculate Tier 1 capital under Basel 1.
The full quarterly average of 2008 revenues as adjusted to exclude externally disclosed marks is considered a "non-GAAP financial measure" under SEC guidelines. Citi believes that this non-GAAP financial measure provides a greater understanding of ongoing operations and enhances comparability of those results in prior periods as well as demonstrating the effects of unusual gains and charges in the quarter. Citi believes that a meaningful analysis of its financial performance requires an understanding of the factors underlying that performance. Citi believes that investors may find it useful to see this non-GAAP financial measure to analyze financial performance without the impact of unusual items that may obscure trends in Citi's underlying performance.
GAAP revenues for 2008 can be found on page 4 of Citi's Annual Report on Form 10-K for the year ended December 31, 2008 (the "10-K") and total significant revenue items impacting Citi's Securities and Banking business for 2008 can be found on page 10 of the 10-K. The full quarterly average of 2008 revenues as adjusted is based on these amounts.
Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit
Number
99.1 Letter to Employees from Vikram Pandit dated March 9, 2009.

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