Citigroup said the Board of Governors of the Federal Reserve System entered into a Civil Money Penalty Consent Order with it on July 10, 2024 in the amount of $60,625,620.

1. 01

   Citigroup said the Board of Governors of the Federal Reserve System entered into a Civil Money Penalty Consent Order with it on July 10, 2024 in the amount of $60,625,620.

2. 02

   The company said the Office of the Comptroller of the Currency (OCC) entered into a Civil Money Penalty Consent Order on July 10, 2024 with Citibank, N.A., its wholly owned subsidiary, in the amount of $75 million.

3. 03

   Citigroup said the OCC and Citibank entered into an Amendment to the OCC Consent Order dated October 7, 2020, which requires Citibank to submit a Resource Review Plan to the OCC within 30 days.

4. 04

   It said the Amendment sets certain provisions governing possible capital distributions from Citibank to other Citigroup entities. Copies of the consent orders and the Amendment were filed as exhibits 99.2, 99.3 and 99.4.

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