Citigroup reported this morning that credit card core income increased 11% for 4Q/99 over 4Q/98. After-tax core income for 4Q/99 was $325 million compared to $293 million for 4Q/98 and $297 million for 3Q/99. Citigroup’s card ROA edged up to 1.70% compared to 1.64% one year ago and 1.55% for the prior quarter. The nation’s largest issuer of VISA and MasterCards also posted a 4% increase in U.S. card volume and 7% growth in receivables which offset the impact of rising interest rates. End-of-period managed card receivables stood at $74.2 billion, a $3.5 billion rise since the end of the third quarter. Card volume hit $43.8 billion for 4Q/99 compared to $40.9 billion for 3Q/99 and $42.2 billion for 4Q/98. Total card accounts were flat at 40.6 million. One year ago Citigroup had 40.5 million gross US card accounts. Citigroup also reports that U.S. bankcard chargeoffs continued to improve in 4Q/99, declining 39 basis points over the prior year, to 4.43%. Delinquency (90+ day) dropped slightly from 1.45% for 4Q/98 to 1.44% for 4Q/99. For complete details on Citigroup’s 4Q/99 statistics visit CardData ([www.carddata.com]).