Citigroup reported this morning a strong 5.3% increase in North American credit card receivables between the second and third quarter. However credit card volume slipped slightly between 2Q/00 and 3Q/00, but remains 17% above last year’s activity. At the end of the third quarter Citigroup held $83.7 billion in North American card receivables compared to $79.5 billion for 2Q/00 and $71.0 billion for 3Q/99. (For the U.S. segment Citi reported 2Q/00 receivables of $79.1 billion according to CardData.) Credit card volume for the North American sector logged in at $48.0 billion compared to $48.7 billion for the prior quarter and $41.2 billion one year ago. (For the U.S. segment Citi reported 2Q/00 volume of $48.4 billion according to CardData.) North American gross accounts hit 43.9 million for 3Q compared to 42.7 million for 2Q and 41.0 million for 1999’s 3Q. (For the U.S. segment Citi reported 2Q/00 gross accounts of 42.1 million according to CardData.) Net chargeoffs declined from 3.96% in 2Q/00 to 3.50% for 3Q/00. However, delinquencies (90+ days) edged up from 1.18% to 1.23%. Internationally Citigroup reported 11.8 million accounts that produced $11.9 billion in receivables and $9.3 billion in 3Q charge volume. For complete details on Citigroup’s 3Q/00 performance as well as historical data visit CardData ([www.carddata.com]).