Exhibit 12.01

CITICORP  CALCULATION OF RATIO OF INCOME TO FIXED CHARGES

|                                                                                   |  |   |        |  |   |        |  |   |        |  |   | Three Months Ended
March 31,
|---------------------------------------------------------------------------------- |  | - | ------ |  | - | ------ |  | - | ------ |  | - | ----------------------------
|
|
|
|EXCLUDING INTEREST ON DEPOSITS:                                                    |  |   |        |  |   |        |  |   |        |  |   |                             
|Fixed charges                                                                      |  |   |        |  |   |        |  |   |        |  |   |                             
|Interest expense (other than interest on deposits)                                 |  | $ | 6,744  |  | $ | 5,323  |  | $ | 6,282  |  | $ | 8,316                       
|Interest factor in rent expense                                                    |  |   | 380    |  |   | 363    |  |   | 322    |  |   | 303                         
|                                                                                   |  |   |        |  |   |        |  |   |        |  |   |                             
|Total fixed charges                                                                |  | $ | 7,124  |  | $ | 5,686  |  | $ | 6,604  |  | $ | 8,619                       
|                                                                                   |  |   |        |  |   |        |  |   |        |  |   |                             
|Income                                                                             |  |   |        |  |   |        |  |   |        |  |   |                             
|Income before taxes, minority interest and cumulative effect of accounting changes |  | $ | 24,405 |  | $ | 19,646 |  | $ | 16,166 |  | $ | 15,221                      
|Fixed charges (excluding preferred stock dividends)                                |  |   | 7,124  |  |   | 5,686  |  |   | 6,604  |  |   | 8,619                       
|                                                                                   |  |   |        |  |   |        |  |   |        |  |   |                             
|Total income                                                                       |  | $ | 31,529 |  | $ | 25,332 |  | $ | 22,770 |  | $ | 23,840                      
|                                                                                   |  |   |        |  |   |        |  |   |        |  |   |                             
|Ratio of income to fixed charges excluding interest on deposits                    |  |   | 4.43   |  |   | 4.46   |  |   | 3.45   |  |   | 2.77                        
|                                                                                   |  |   |        |  |   |        |  |   |        |  |   |                             
|INCLUDING INTEREST ON DEPOSITS:                                                    |  |   |        |  |   |        |  |   |        |  |   |                             
|Fixed charges                                                                      |  |   |        |  |   |        |  |   |        |  |   |                             
|Interest expense                                                                   |  | $ | 15,856 |  | $ | 12,474 |  | $ | 15,079 |  | $ | 20,181                      
|Interest factor in rent expense                                                    |  |   | 380    |  |   | 363    |  |   | 322    |  |   | 303                         
|                                                                                   |  |   |        |  |   |        |  |   |        |  |   |                             
|Total fixed charges                                                                |  | $ | 16,236 |  | $ | 12,837 |  | $ | 15,401 |  | $ | 20,484                      
|                                                                                   |  |   |        |  |   |        |  |   |        |  |   |                             
|Income                                                                             |  |   |        |  |   |        |  |   |        |  |   |                             
|Income before taxes, minority interest and cumulative effect of accounting changes |  | $ | 24,405 |  | $ | 19,646 |  | $ | 16,166 |  | $ | 15,221                      
|Fixed charges (excluding preferred stock dividends)                                |  |   | 16,236 |  |   | 12,837 |  |   | 15,401 |  |   | 20,484                      
|                                                                                   |  |   |        |  |   |        |  |   |        |  |   |                             
|Total income                                                                       |  | $ | 40,641 |  | $ | 32,483 |  | $ | 31,567 |  | $ | 35,705                      
|                                                                                   |  |   |        |  |   |        |  |   |        |  |   |                             
|Ratio of income to fixed charges including interest on deposits                    |  |   | 2.50   |  |   | 2.53   |  |   | 2.05   |  |   | 1.74                        
|                                                                                   |  |   |        |  |   |        |  |   |        |  |   |                             

---

---



QuickLinks