Exhibit 7
| CONSOLIDATED BALANCE SHEET | Citigroup Inc. and Subsidiaries |
| December 31, | ||||||||
| In millions of dollars | 2024 | 2023 | ||||||
| Assets | ||||||||
| Cash and due from banks (including segregated cash and other deposits) | $ | 22,782 | $ | 27,342 | ||||
| Deposits with banks, net of allowance | 253,750 | 233,590 | ||||||
| Securities borrowed and purchased under agreements to resell (including $140,855 and $206,059 as of December 31, 2024 and 2023, respectively, at fair value), net of allowance | 274,062 | 345,700 | ||||||
| Brokerage receivables, net of allowance | 50,841 | 53,915 | ||||||
| Trading account assets (including $193,291 and $197,156 pledged to creditors at December 31, 2024 and 2023, respectively) | 442,747 | 411,756 | ||||||
| Investments: | ||||||||
| Available-for-sale debt securities (including $5,389 and $11,868 pledged to creditors as of December 31, 2024 and 2023, respectively) | 226,876 | 256,936 | ||||||
| Held-to-maturity debt securities, net of allowance (fair value of which is $224,410 and $235,001 as of December 31, 2024 and 2023, respectively) (includes $0 and $71 pledged to creditors as of December 31, 2024 and 2023, respectively) | 242,382 | 254,247 | ||||||
| Equity securities (including $578 and $766 as of December 31, 2024 and 2023, respectively, at fair value) | 7,399 | 7,902 | ||||||
| Total investments | $ | 476,657 | $ | 519,085 | ||||
| Loans: | ||||||||
| Consumer (including $281 and $313 as of December 31, 2024 and 2023, respectively, at fair value) | 393,102 | 389,197 | ||||||
| Corporate (including $7,759 and $7,281 as of December 31, 2024 and 2023, respectively, at fair value) | 301,386 | 300,165 | ||||||
| Loans, net of unearned income | $ | 694,488 | $ | 689,362 | ||||
| Allowance for credit losses on loans (ACLL) | (18,574 | ) | (18,145 | ) | ||||
| Total loans, net | $ | 675,914 | $ | 671,217 | ||||
| Goodwill | 19,300 | 20,098 | ||||||
| Intangible assets (including MSRs of $760 and $691 as of December 31, 2024 and 2023, respectively) | 4,494 | 4,421 | ||||||
| Premises and equipment, net of depreciation and amortization | 30,192 | 28,747 | ||||||
| Other assets (including $13,703 and $12,290 as of December 31, 2024 and 2023, respectively, at fair value), net of allowance | 102,206 | 95,963 | ||||||
| Total assets | $ | 2,352,945 | $ | 2,411,834 | ||||
Statement continues on the next page.
| CONSOLIDATED BALANCE SHEET | Citigroup Inc. and Subsidiaries |
| (Continued) |
| December 31, | ||||||||
| In millions of dollars, except shares and per share amounts | 2024 | 2023 | ||||||
| Liabilities | ||||||||
| Deposits (including $3,608 and $2,440 as of December 31, 2024 and 2023, respectively, at fair value) | $ | 1,284,458 | $ | 1,308,681 | ||||
| Securities loaned and sold under agreements to repurchase (including $49,154 and $62,485 as of December 31, 2024 and 2023, respectively, at fair value) | 254,755 | 278,107 | ||||||
| Brokerage payables (including $5,207 and $4,321 as of December 31, 2024 and 2023, respectively, at fair value) | 66,601 | 63,539 | ||||||
| Trading account liabilities | 133,846 | 155,345 | ||||||
| Short-term borrowings (including $12,484 and $6,545 as of December 31, 2024 and 2023, respectively, at fair value) | 48,505 | 37,457 | ||||||
| Long-term debt (including $112,719 and $116,338 as of December 31, 2024 and 2023, respectively, at fair value) | 287,300 | 286,619 | ||||||
| Other liabilities, plus allowances | 68,114 | 75,835 | ||||||
| Total liabilities | $ | 2,143,579 | $ | 2,205,583 | ||||
| Stockholders’ equity | ||||||||
| Preferred stock ($1.00 par value; authorized shares: 30 million), issued shares: as of December 31, 2024 —714,000 and as of December 31, 2023—704,000, at aggregate liquidation value | $ | 17,850 | $ | 17,600 | ||||
| Common stock ($0.01 par value; authorized shares: 6 billion), issued shares: as of December 31, 2024 —3,099,719,006 and as of December 31, 2023—3,099,691,704 | 31 | 31 | ||||||
| Additional paid-in capital | 109,117 | 108,955 | ||||||
| Retained earnings | 206,294 | 198,905 | ||||||
| Treasury stock, at cost: December 31, 2024—1,222,647,540 shares and December 31, 2023— 1,196,577,865 shares | (76,842 | ) | (75,238 | ) | ||||
| Accumulated other comprehensive income (loss) (AOCI) | (47,852 | ) | (44,800 | ) | ||||
| Total Citigroup stockholders’ equity | $ | 208,598 | $ | 205,453 | ||||
| Noncontrolling interests | 768 | 798 | ||||||
| Total equity | $ | 209,366 | $ | 206,251 | ||||
| Total liabilities and equity | $ | 2,352,945 | $ | 2,411,834 | ||||
The Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.