1、2010 Citigroup Inc.566614 CIT24018 3/10The cover of this annual report is printed on Accent Opaque,an International Paper product.International Paper is certified to both the SFI Chain of Custody standard(BV-SFICOC-209908-B)and the FSC Chain of Custody standard(BV-COC-080209).The financial section o
2、f this annual report is printed on Frontier Opaque,a Fraser Papers premium hybrid product.Fraser is certified to both the SFI Chain of Custody standard(Cert0025258)and FSC Chain of Custody standard(SW-COC-003877).Accent is a registered trademark of International Paper Company.SFI is a registered ser
3、vice mark of SFI,Inc.FSC is a registered trademark of Forest Stewardship Council A.CCiti Annual Report 2009190885_Citi_CVR_R2.indd 12/25/10 1:10 PM iThe New CiTi:CommiTmeNT,STreNgTh aNd PromiSedear Fellow Shareholders,For Citigroup,2009 was a watershed year,financially,strategically and operationall
4、y.Over the course of those 12 months,your Company made much progress.By year end,the distinctive outlines of a strong“New Citi”had emerged from an extraordinarily difficult period in the history of the Company and the world financial system.Through the hard work,perseverance and sacrifice by people
5、everywhere in Citi,I believe we have largely succeeded in addressing the fundamental challenges the Company faced when I became Chief Executive Officer a little more than two years ago.Moreover,despite all the turbulence in the economy,our people have steadfastly maintained solid revenue performance
6、.In fact,we generated$91 billion in managed revenue against$48 billion in expenses in 2009,while also bringing our balance sheet leverage down to 12 to 1 from the peak of 19 to 1 in the fourth quarter of 2007.Citi today rests on a solid foundation,poised to achieve our goal of sustained profitabilit