Drip Portfolio Report
Citicorp's Money
by Dale Wettlaufer ([email protected])


Alexandria, VA (June 24, 1998) --Finishing up with where we left off yesterday with Citicorp (NYSE: CCI), we looked at the geographic breakdown in revenues and the composition of corporate banking revenues. Below, you will find a breakdown of the company's return on assets by business line. Revenues don't tell the whole story, of course. Profitability does. Here's where the company makes its money.

(Scroll down for numbers)
Return on Assets

    
                              1997   1996   1995 
      
 Global Consumer             1.18%   1.61   1.64 
 Global Corporate Banking    1.53%   1.55   1.22 
      
 Core Businesses             1.37%   1.58   1.41 
 Corporate Items              NM      NM     NM 
      
 Total Citicorp              1.22%   1.40   1.29 
      
 Supplemental Information     
                              1997   1996   1995 
 Global Consumer     
 Citibanking                 0.56%   0.87   0.72 
 Cards                       2.46%   3.79   4.66 
 Private Bank                1.94%   1.76   1.51 
      
 Total                       1.18%   1.61   1.64 
      
 Global Consumer Businesses in: 
 Emerging Markets            1.95%   2.46   2.29 
 Developed Markets           0.82%   1.24   1.37 
      
 Total                       1.18%   1.61   1.64 
      
 Global Corporate Banking 
 Emerging Markets            17%     2.39   2.26 
 Global Relationship Banking 0.99%   0.92   0.67 
  
 Total                       1.53%   1.55   1.22

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6/24 Close

Stock Close Change CPB $53 5/8 + 1/16 INTC $77 3/8 + 2 1/8 JNJ $77 9/16 + 1 3/16
Day Month Year History Drip 1.73% 6.44% 7.70% (8.28%) S&P 500 1.20% 3.86% 16.74% 19.08% Nasdaq 1.80% 5.56% 19.58% 17.82% Last Rec'd Total # Security In At Current 05/29/98 2.269 CPB $54.513 $53.625 06/01/98 9.384 INTC $80.482 $77.375 05/07/98 5.099 JNJ $69.154 $77.625 Last Rec'd Total# Security In At Value Change 05/29/98 2.269 CPB $123.69 $121.68 ($2.01) 06/01/98 9.384 INTC $755.21 $726.05 ($29.16) 05/07/98 5.099 JNJ $352.62 $395.81 $43.19 Base: $1600.00 Cash: $316.12** Total: $1559.66

The Drip Portfolio has been divided into 68.021 shares with an average purchase price of $23.522 per share.

The portfolio began with $500 on July 28, 1997, adds $100 on the 1st of every month, and the goal is to have $150,000 in stock by August of the year 2017.

**Transactions in progress:

6/22/98: Sent $40 to buy more CPB, $35 to buy more JNJ, $25 to buy more INTC.