Exhibit 12.01

CITICORP
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES
(In millions of dollars)

|                                                                |                                                                                    |                     |      |        |        |      |        |        |      |        |        | NINE MONTHS
ENDED
SEPTEMBER 30,
|--------------------------------------------------------------- | ---------------------------------------------------------------------------------- | ------------------- | ---- | ------ | ------ | ---- | ------ | ------ | ---- | ------ | ------ | -------------------------------
|
|
|
|FIXED CHARGES:                                                  |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|                                                                | INTEREST EXPENSE (OTHER THAN INTEREST ON DEPOSITS)                                 |                     | $    | 6,282  |        | $    | 8,316  |        | $    | 8,722  |        | $                              
|                                                                | INTEREST FACTOR IN RENT EXPENSE                                                    |                     |      | 322    |        |      | 303    |        |      | 283    |        |                                
|                                                                |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|                                                                |                                                                                    | TOTAL FIXED CHARGES |      | $      | 6,604  |      | $      | 8,619  |      | $      | 9,005  |                                
|                                                                |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|INCOME:                                                         |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|                                                                | INCOME BEFORE TAXES, MINORITY INTEREST AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES |                     | $    | 16,166 |        | $    | 15,221 |        | $    | 12,876 |        | $                              
|                                                                | FIXED CHARGES                                                                      |                     |      | 6,604  |        |      | 8,619  |        |      | 9,005  |        |                                
|                                                                |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|                                                                |                                                                                    | TOTAL INCOME        |      | $      | 22,770 |      | $      | 23,840 |      | $      | 21,881 |                                
|                                                                |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|RATIO OF INCOME TO FIXED CHARGES EXCLUDING INTEREST ON DEPOSITS |                                                                                    |                     | 3.45 |        |        | 2.77 |        |        | 2.43 |        |        | 2.31                           
|                                                                |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|INCLUDING INTEREST ON DEPOSITS:                                 |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|FIXED CHARGES:                                                  |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|                                                                | INTEREST EXPENSE                                                                   |                     | $    | 15,079 |        | $    | 20,181 |        | $    | 22,045 |        | $                              
|                                                                | INTEREST FACTOR IN RENT EXPENSE                                                    |                     |      | 322    |        |      | 303    |        |      | 283    |        |                                
|                                                                |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|                                                                |                                                                                    | TOTAL FIXED CHARGES |      | $      | 15,401 |      | $      | 20,484 |      | $      | 22,328 |                                
|                                                                |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|INCOME:                                                         |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|                                                                | INCOME BEFORE TAXES, MINORITY INTEREST AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES |                     | $    | 16,166 |        | $    | 15,221 |        | $    | 12,876 |        | $                              
|                                                                | FIXED CHARGES                                                                      |                     |      | 15,401 |        |      | 20,484 |        |      | 22,328 |        |                                
|                                                                |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|                                                                |                                                                                    | TOTAL INCOME        |      | $      | 31,567 |      | $      | 35,705 |      | $      | 35,204 |                                
|                                                                |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                
|RATIO OF INCOME TO FIXED CHARGES INCLUDING INTEREST ON DEPOSITS |                                                                                    |                     | 2.05 |        |        | 1.74 |        |        | 1.58 |        |        | 1.56                           
|                                                                |                                                                                    |                     |      |        |        |      |        |        |      |        |        |                                

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