Citi Statement on FDIC Transaction

Today we closed a transaction involving the FDIC's remaining trust preferred securities. Now no U.S. government entity holds any securities in Citi issued as a result of the financial crisis. We will always be deeply grateful for the support provided by the U.S. Treasury, FDIC and American taxpayer during the financial crisis. We are pleased that the US Government realized a total return of more than $15 billion on its investment.

Citi is a very different company than it was before the crisis. We are a simpler, smaller, safer and stronger institution. We have sold more than 60 businesses not core to our strategy, become one of the world's best capitalized banks and been profitable every quarter starting in 2010. We are focused on serving our clients and enabling economic progress and growth, which has been our mission for over 200 years.