Citibank 2008 Annual Report Download - page 222

33. CONDENSED CONSOLIDATING FINANCIAL
STATEMENT SCHEDULES
These condensed consolidating financial statement schedules are presented
for purposes of additional analysis but should be considered in relation to the
consolidated financial statements of Citigroup taken as a whole.
Citigroup Parent Company
The holding company, Citigroup Inc.
Citigroup Global Markets Holdings Inc. (CGMHI)
Citigroup guarantees various debt obligations of CGMHI as well as all of the
outstanding debt obligations under CGMHI’s publicly issued debt.
Citigroup Funding Inc. (CFI)
CFI is a first-tier subsidiary of Citigroup, which issues commercial paper,
medium-term notes and structured equity-linked and credit-linked notes, all
of which are guaranteed by Citigroup.
CitiFinancial Credit Company (CCC)
An indirect wholly owned subsidiary of Citigroup. CCC is a wholly owned
subsidiary of Associates. Citigroup has issued a full and unconditional
guarantee of the outstanding indebtedness of CCC.
Associates First Capital Corporation (Associates)
A wholly owned subsidiary of Citigroup. Citigroup has issued a full and
unconditional guarantee of the outstanding long-term debt securities and
commercial paper of Associates. In addition, Citigroup guaranteed various
debt obligations of Citigroup Finance Canada Inc. (CFCI), a wholly owned
subsidiary of Associates. CFCI continues to issue debt in the Canadian market
supported by a Citigroup guarantee. Associates is the immediate parent
company of CCC.
Other Citigroup Subsidiaries
Includes all other subsidiaries of Citigroup, intercompany eliminations, and
income/loss from discontinued operations.
Consolidating Adjustments
Includes Citigroup parent company elimination of distributed and
undistributed income of subsidiaries, investment in subsidiaries and the
elimination of CCC, which is included in the Associates column.
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