Citigroup Inc. has fully and unconditionally guaranteed the payments due on debt securities issued by Citigroup Global Markets Holdings Inc. (CGMHI), a wholly owned subsidiary, under the Senior Debt Indenture dated as of March 8, 2016, between CGMHI, Citigroup Inc. and The Bank of New York Mellon, as trustee. In addition, Citigroup Capital III and Citigroup Capital XIII (collectively, the Capital Trusts), each of which is a wholly owned finance subsidiary of Citigroup Inc., have issued trust preferred securities. Citigroup Inc. has guaranteed the payments due on the trust preferred securities

to the extent that the Capital Trusts have insufficient available funds to make payments on the trust preferred securities. The guarantee, together with Citigroup Inc.’s other obligations with respect to the trust preferred securities, effectively provides a full and unconditional guarantee of amounts due on the trust preferred securities (see Note 18). No other subsidiary of Citigroup Inc. guarantees the debt securities issued by CGMHI or the trust preferred securities issued by the Capital Trusts.

Summarized financial information for Citigroup Inc. and CGMHI is presented in the tables below:


	Six Months Ended
	June 30, 2025
In millions of dollars	Citigroup parent company		CGMHI
Total revenues, net of interest expense	$	5,761	$	6,740
Total operating expenses	116		7,887
Provision for credit losses	—		35
Equity in undistributed income of subsidiaries	1,576		—
Income (loss) from continuing operations before income taxes	$	7,221	$	(1,182)
Provision (benefit) for income taxes	(862)		(520)
Net income (loss)	$	8,083	$	(662)


	June 30, 2025				December 31, 2024
In millions of dollars	Citigroup parent company		CGMHI		Citigroup parent company		CGMHI
Cash and deposits with banks	$	4,026	$	24,100	$	4,014	$	19,464
Securities borrowed and purchased under resale agreements	—		251,159		—		215,995
Trading account assets	255		358,804		203		294,396
Advances to subsidiaries	154,261		—		150,790		—
Investments in subsidiary bank holding company	185,499		—		179,253		—
Investments in non-bank subsidiaries	44,082		—		46,549		—
Other assets(1)	16,358		175,006		14,642		158,080
Total assets	$	404,481	$	809,069	$	395,451	$	687,935
Securities loaned and sold under agreements to repurchase	$	—	$	344,834	$	—	$	268,178
Trading account liabilities	5		104,955		69		89,146
Short-term borrowings	—		31,509		—		29,410
Long-term debt	173,516		194,532		164,024		184,516
Advances from subsidiaries	14,731		—		19,974		—
Other liabilities	3,007		96,921		2,786		80,486
Stockholders’ equity	213,222		36,318		208,598		36,199
Total liabilities and equity	$	404,481	$	809,069	$	395,451	$	687,935