If Pushed Further: Are We Going To Be Nationalized? Let Me Reiterate The Comments From The White House: "I Did Not Have Sexual Relations With That Woman." Now I Have A Question For You: Will You Get Off My Ass, Mr. Geithner?

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Clients-- bunch of meddling bastards, aren't they?

From: Citibank Communications
Date: February 20, 2009
Re: Talking Points on Nationalization & Financial Strength
There has been ongoing media speculation today around the nationalization of banks and we understand that customers are calling and coming into our branches with questions. Please use the points below to address any concerns.
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Q: Is Citi going to be nationalized?
A: While it would be inappropriate for me to speculate on any actions the government may or may not take, I can tell you that Citi's capital base is very strong.
Today (February 20, 2009), White House Press Secretary Robert Gibbs commented that: "This administration continues to strongly believe that a privately held banking system is the correct way to go, ensuring that they are regulated sufficiently by this government."
If Pushed
Our Tier 1 capital ratio as measured at the end of the fourth quarter was 11.9%, among the highest in the industry. We continue to focus and make progress on reducing the assets on our balance sheet, reducing expenses and streamlining our business for future profitable growth."
Talking Points

· Citibank is part of Citi, one of the leading financial services firms in the world.
· Citibank is an FDIC insured institution so your deposits are insured up to $250,000 per depositor through December 31, 2009.
· Citi's capital base is very strong and our structural liquidity is among the strongest of the world's financial institutions.
· Citi has significant risk capital that far exceeds the levels required of a "well capitalized" bank.
· We continue to focus and make progress on reducing the assets on our balance sheet, reducing expenses and streamlining our business for future profitable growth.
· Citi has a diverse range of funding alternatives and our businesses are sound and very well positioned in the U.S. and key markets throughout the world.
· As of the fourth quarter, Citigroup had a deposit base of approximately $770 billion that was diversified across products and regions. This diversification provides us with an important, stable and low-cost source of funding.
· We stand ready to serve you and we want to express our thanks to you for choosing Citi.

FDIC INFORMATION

· Citibank is an FDIC insured institution.
· Last year, Citibank elected to participate in the FDIC Transaction Account Guarantee Program. This program, already in effect, provides expanded coverage to both commercial and consumer checking accounts in the following manner through December 31, 2009:
· On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009.
· Effective November 21, 2008 and continuing through December 31, 2009, all non-interest bearing and interest bearing Citibank checking accounts are fully guaranteed by the FDIC for the entire amount in the account.
For more information on how the FDIC works, please visit www.fdic.gov, or visit a Citibank branch, where our personal bankers would be happy to assist you.

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