Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HERNANDEZ ROBERTO
   2. Issuer Name and Ticker or Trading Symbol
CITIGROUP INC [C] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O CITIGROUP INC. CORPORATE LAW DEPT., 425 PARK AVENUE, 2ND FLOOR		 3. Date of Earliest Transaction (Month/Day/Year)
11/09/2006
(Street)

NEW YORK, NY 10043		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/09/2006   S(1)   14,596,144 D $ 50.5436 (2) 0 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Citifle Series B Shares (1) (3) 11/09/2006   P(1)   6,301,590,802     (3)   (3) Common Stock 14,596,144 (4) 6,301,590,802 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HERNANDEZ ROBERTO
C/O CITIGROUP INC. CORPORATE LAW DEPT.
425 PARK AVENUE, 2ND FLOOR
NEW YORK, NY 10043		   X      

Signatures

 Roberto Hernandez Ramirez by Shelley J. Dropkin, Attorney-in-Fact   11/13/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) See Exhibit 1. The sale was effectuated on the Bolsa Mexicana de Valores (Mexican Stock Exchange).
(2) The sale was effectuated in Mexican pesos and converted into US dollars based on the currency conversion rate of 10.9074 pesos per dollar in effect on the transaction date.
(3) Not applicable (see Exhibit 1).
(4) The purchase was effectuated in Mexican pesos and converted into 0.117072446 US dollars per Citifle Series B share based on the currency conversion rate of 10.9074 pesos per dollar in effect on the transaction date.
 
Remarks:
EXHIBIT 1



The Reporting Person believes that the transactions reported on this Form 4 are exempt under Rule 16a-13.  These transactions did not result in any change in the number of shares of Citigroup common stock beneficially owned by the Reporting Person. The transactions described on this Form 4 involve a simultaneous (a) sale by the Reporting Person of Citigroup common stock, (b) acquisition of interests in Citiacciones Flexible, S.A. de C.V., Sociedad de Inversion de Renta Variable ("Citifle"), a Mexican open-end mutual fund, for the same aggregate sale price and (c) purchase by Citifle of Citigroup common stock in such amount as is equal to the number and value of shares sold by the Reporting Person.

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