Citi Announces 2021 Stress Capital Buffer Requirement

New York – The Federal Reserve Board communicated that Citi’s 2021 Stress Capital Buffer (SCB) requirement will increase from the currently effective requirement of 2.5% to 3.0% for the four-quarter window of 4Q 2021 – 3Q 2022. Incorporating this SCB, and a GSIB surcharge of 3.0%, results in a minimum regulatory requirement of 10.5% under the Standardized Approach, effective October 1, 2021. Citi’s minimum regulatory requirement under the Advanced Approaches (using the fixed 2.5% Capital Conservation Buffer) will remain unchanged at 10.0%. As of the first quarter of 2021, Citi’s Common Equity Tier 1 Capital ratio was 11.8% under both the Standardized and Advanced Approaches.


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