Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CARPENTER MICHAEL A
  2. Issuer Name and Ticker or Trading Symbol
CITIGROUP INC [C]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chair CEO Global Investments
(Last)
(First)
(Middle)
CITIGROUP INC. CORPORATE LAW DEPT., 425 PARK AVENUE, 2ND FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
02/02/2005
(Street)

NEW YORK, NY 10043
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/02/2005   M   67,742 A $ 49.3583 884,116.8 D  
Common Stock 02/02/2005   F   67,575 D $ 49.48 816,541.8 D  
Common Stock 02/02/2005   F   75 D $ 49.48 816,466.8 D  
Common Stock 02/02/2005   M   9,881 A $ 49.3583 826,347.8 D  
Common Stock 02/02/2005   F   9,856 D $ 49.48 816,491.8 D  
Common Stock 02/02/2005   F   12 D $ 49.48 816,479.8 D  
Common Stock 02/02/2005   M   25,033 A $ 49.3583 841,512.8 D  
Common Stock 02/02/2005   F   24,971 D $ 49.48 816,541.8 D  
Common Stock 02/02/2005   F   22 D $ 49.48 816,519.8 D  
Common Stock               161 I By 401(k) Plan.
Common Stock               450,000 I By GRATs.

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options (Right to Buy) $ 49.3583 02/02/2005   M     25,033 01/21/2001 02/03/2005 Common Stock 25,033 $ 0 0 D  
Employee Stock Options (Right to Buy) $ 49.3583 02/02/2005   M     67,742 01/21/2001 02/03/2005 Common Stock 67,742 $ 0 0 D  
Employee Stock Options (Right to Buy) $ 49.3583 02/02/2005   M     9,881 01/21/2001 02/03/2005 Common Stock 9,881 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CARPENTER MICHAEL A
CITIGROUP INC. CORPORATE LAW DEPT.
425 PARK AVENUE, 2ND FLOOR
NEW YORK, NY 10043
      Chair CEO Global Investments  

Signatures

 Michael A. Carpenter by Glenn S. Gray, Attorney-in-Fact   02/04/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
In total (including the employee stock options reported in Table II, above), the Reporting Person directly beneficially

owns 1,642,024 employee stock options representing rights to purchase an equivalent number of shares of common stock,

which have various exercise prices, exercise dates and expiration dates.

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