Exhibit 12.02

CITICORP  CALCULATION OF RATIO OF INCOME TO FIXED CHARGES  INCLUDING PREFERRED STOCK DIVIDENDS  (In millions of dollars)

|                                                                |                                                                                    | YEAR ENDED DECEMBER 31, |       | SIX MONTHS ENDED JUNE 30,
|--------------------------------------------------------------- | ---------------------------------------------------------------------------------- | ----------------------- | ----- | -------------------------
|
|EXCLUDING INTEREST ON DEPOSITS:                                 |                                                                                    |                         |       |                          
|FIXED CHARGES:                                                  |                                                                                    |                         |       |                          
|                                                                | INTEREST EXPENSE (OTHER THAN INTEREST ON DEPOSITS)                                 |                         | $     | 6,282                    
|                                                                | INTEREST FACTOR IN RENT EXPENSE                                                    |                         |       | 322                      
|                                                                | DIVIDENDSPREFERRED STOCK(2)                                                       |                         |       |                         
|                                                                |                                                                                    |                         |       |                          
|TOTAL FIXED CHARGES                                             |                                                                                    | $                       | 6,604 |                          
|                                                                |                                                                                    |                         |       |                          
|INCOME:                                                         |                                                                                    |                         |       |                          
|                                                                | INCOME BEFORE TAXES, MINORITY INTEREST AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES |                         | $     | 16,166                   
|                                                                | FIXED CHARGES (EXCLUDING PREFERRED STOCK DIVIDENDS)                                |                         |       | 6,604                    
|                                                                |                                                                                    |                         |       |                          
|                                                                |                                                                                    | TOTAL INCOME            |       | $                        
|                                                                |                                                                                    |                         |       |                          
|RATIO OF INCOME TO FIXED CHARGES EXCLUDING INTEREST ON DEPOSITS |                                                                                    |                         | 3.45  |                          
|                                                                |                                                                                    |                         |       |                          
|INCLUDING INTEREST ON DEPOSITS:                                 |                                                                                    |                         |       |                          
|FIXED CHARGES:                                                  |                                                                                    |                         |       |                          
|                                                                | INTEREST EXPENSE                                                                   |                         | $     | 15,079                   
|                                                                | INTEREST FACTOR IN RENT EXPENSE                                                    |                         |       | 322                      
|                                                                | DIVIDENDSPREFERRED STOCK(2)                                                       |                         |       |                         
|                                                                |                                                                                    |                         |       |                          
|                                                                |                                                                                    | TOTAL FIXED CHARGES     |       | $                        
|                                                                |                                                                                    |                         |       |                          
|INCOME:                                                         |                                                                                    |                         |       |                          
|                                                                | INCOME BEFORE TAXES, MINORITY INTEREST AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES |                         | $     | 16,166                   
|                                                                | FIXED CHARGES (EXCLUDING PREFERRED STOCK DIVIDENDS)                                |                         |       | 15,401                   
|                                                                |                                                                                    |                         |       |                          
|                                                                |                                                                                    | TOTAL INCOME            |       | $                        
|                                                                |                                                                                    |                         |       |                          
|RATIO OF INCOME TO FIXED CHARGES INCLUDING INTEREST ON DEPOSITS |                                                                                    |                         | 2.05  |                          
|                                                                |                                                                                    |                         |       |                          

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