CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2006
==============================================================================
This Report relates to the Due Period ending May 25, 2006 and the related
Payment Dates for the Notes.
A. Information Regarding the Master Trust portfolio
-------------------------------------------------
1. Portfolio Yield for the Collateral Certificate ......... 13.86%
Yield Component ................................... 17.36%
Credit Loss Component ............................. 3.49%
2. New Purchase Rate ..................................... 22.23%
3. Total Payment Rate .................................... 22.44%
4. Principal Payment Rate ................................ 21.54%
5. Aggregate Amount of Principal Receivables in the Trust :
Beginning of Due Period ............................ $ 74,546,838,974
Average ............................................ $ 74,075,751,254
Lump Sum Addition/(Removal) ........................ $ 0
End of Due Period .................................. $ 74,409,727,859
6. Delinquencies (Aggregate outstanding balances in the Accounts that
were delinquent by the time periods listed below as of the close of
business of the month preceding the Payment Dates, as a percentage
of aggregate Receivables as of the last day of the Due Period) :
Current .......................................... $ 71,129,885,153
5-34 days delinquent ........................... $ 2,300,366,874
35-64 days delinquent ........................... $ 725,177,258
65-94 days delinquent ........................... $ 487,333,630
95-124 days delinquent ........................... $ 417,081,045
125-154 days delinquent ........................... $ 377,811,905
155-184 days delinquent ........................... $ 294,484,354
Current ........................................... 93.92%
5-34 days delinquent ........................... 3.04%
35-64 days delinquent ........................... 0.96%
65-94 days delinquent ........................... 0.64%
95-124 days delinquent ........................... 0.55%
125-154 days delinquent ........................... 0.50%
155-184 days delinquent ........................... 0.39%
Page 4
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2006
==============================================================================
Current Due Current Due
Period on an Period on a
Actual Basis (1) Standard Basis (1)
B. Information Regarding the Collateral Certificate
-------------------------------------------------
(Percentage Basis)
1. Portfolio Yield 13.86% 13.84%
2. Weighted Average Note Rate 5.11% 5.08%
3. Weighted Average Investor Fee Rates
Fixed Servicing Fee 0.36% 0.37%
Others 0.01% 0.01%
4. Surplus Finance Charge Collections 8.38% 8.38%
5. Surplus Finance Charge Collections For
Purposes of Funding Class C Reserve Account 8.35% 8.34%
6. Required Surplus Finance Charge Amount 0.00% 0.00%
7. Aggregate Surplus Finance Charge Amount 8.38% 8.38%
minus Required Surplus Finance Charge Amount
C. Information Regarding the Collateral Certificate
-------------------------------------------------
(Dollars Basis)
1. Total Investor Collections $14,087,632,887 $14,086,264,137
Principal Collections $13,213,253,070 $13,213,253,070
Finance Charge Collections $ 874,379,817 $ 873,011,067
2. Investor Default Amount $ 176,242,236 $ 176,242,236
3. Investor Monthly Interest $ 271,523,022 $ 270,319,913
4. Investor Monthly Fees
Fixed Servicing Fees $ 18,580,244 $ 18,917,869
Others $ 341,062 $ 341,062
5. Surplus Finance Charge Collections $ 407,693,252 $ 407,189,986
6. Required Surplus Finance Charge Collections $ 0 $ 0
7. Aggregate Surplus Finance Charge Amount $ 407,693,252 $ 407,189,986
minus Required Surplus Finance Charge Amount
(1) Values for "Current Due Period on an Actual Basis" reflect,
in the case of a first due period close of a tranche of Notes,
activity from the close date until the first due period end,
or, as in the case of Investor Monthly Interest and certain
fees, until the first Monthly Interest Date. Values for
"Current Due Period on a Standard Basis" reflect activity for
the entire current period, as if all Notes had already been
outstanding prior to the first day of such period.
All percents are based on actual cash revenue or expense for
the period, converted to an annualized percent using day count
appropriate for the item, either 30/360, actual/360, or actual/actual.
Depending on the item, cash expenses may accrue
from April 26, 2006 to May 25, 2006 , 30 days, or
May 8 , 2006 to June 6 , 2006 , 30 days (standard basis).
Page 5
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2006
==============================================================================
D. Information Regarding Regarding Notes of Citiseries
----------------------------------------------------
(Aggregate Basis)
1a. Class A Outstanding Dollar Principal Amount ............ $52,640,249,918
For all Classes except Class 2001-A3 (Dakota) ............ $39,640,249,918
For Class 2001-A3 (Dakota) ............................... $13,000,000,000
1b. Class B Outstanding Dollar Principal Amount ............ $ 3,140,000,000
1c. Class C Outstanding Dollar Principal Amount ............ $ 4,225,000,000
2a. Targeted Deposit to Class A Interest Funding Account ..... $ 236,011,323
2b. Targeted Deposit to Class B Interest Funding Account ..... $ 14,227,789
2c. Targeted Deposit to Class C Interest Funding Account ..... $ 21,283,910
3a. Balance in the Class A Interest Funding Account ......... $ 449,005,838
3b Balance in the Class B Interest Funding Account ......... $ 28,151,452
3c Balance in the Class C Interest Funding Account ......... $ 41,786,296
4a. Targeted Deposit to Class A Principal Funding Account .... $ 1,250,000,000
4b. Targeted Deposit to Class B Principal Funding Account .... $ 0
4c. Targeted Deposit to Class C Principal Funding Account .... $ 100,000,000
5a. Balance in the Class A Principal Funding Account ........ $ 0
5b. Balance in the Class B Principal Funding Account ........ $ 0
5c. Balance in the Class C Principal Funding Account ........ $ 0
6. Targeted Deposit to Class C Reserve Account ............. $ 0
7. Balance in the Class C Reserve Account .................. $ 0
Data Applicable to all Classes Except 2001-A3 (Dakota)
-------------------------------------------------------
8a. Maximum enhancement amount available to
Outstanding Class A Notes from Class B Notes ............ $ 2,446,426,851
8b. As a Percentage of Class A Outstanding
Dollar Principal Amount ................................. 5.98291%
8c. Maximum enhancement amount available to
Outstanding Class A Notes from Class C Notes ............ $ 3,261,901,105
8d. As a Percentage of Class A Outstanding
Dollar Principal Amount ................................. 7.97721%
8e. Maximum enhancement amount available to
Outstanding Class B Notes from Class C Notes ............ $ 4,186,666,562
8f. As a Percentage of Class B Outstanding
Dollar Principal Amount ................................. 133.33333%
Data Applicable only to Class 2001-A3 (Dakota) (1)
-------------------------------------------------------
9a. Maximum enhancement amount available to Outstanding
Class 2001-A3 Notes (Dakota) from Class C Notes ......... $ 903,743,100
9b. As a Percentage of Class 2001-A3 Notes (Dakota)
Outstanding Dollar Principal Amount ..................... 6.95187%
9c. Maximum enhancement amount available to Outstanding
Class 2001-A3 Notes (Dakota) from Class B Notes ......... $ 0
9d. As a Percentage of Class 2001-A3 Notes (Dakota)
Outstanding Dollar Principal Amount ..................... 0.00000%
-----------------------------------------------------------------------------
(1) All conditions precedent were satisfied for the issuance of new tranches of
Dakota CP Notes during Due Period ending May 25, 2006, including the condition
that the weighted average remaining life to Expected Principal Payment Date of
all Dakota CP Notes be 60 days or less. Page 6 CITIBANK (SOUTH DAKOTA), NATIONAL
ASSOCIATION CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I For
the Due Period Ending May 25, 2006
==============================================================================
Data Applicable to all Classes
-------------------------------
10a. Reduction in the Class A Nominal Liquidation
Amount resulting from an allocation
of Investor Charge-Offs ................................ $ 0
10b. Reduction in the Class B Nominal Liquidation
Amount resulting from an allocation of Investor
Charge-Offs or a reallocation of Principal
Collections to pay interest on Class A Notes ........... $ 0
10c. Reduction in the Class C Nominal Liquidation
Amount resulting from an allocation of Investor
Charge-Offs or a reallocation of Principal
Collections to pay interest on Class A or Class B Notes . $ 0
11a. Reimbursement of Class A Nominal Liquidation Amount .... $ 0
11b. Reimbursement of Class B Nominal Liquidation Amount .... $ 0
11c. Reimbursement of Class C Nominal Liquidation Amount .... $ 0
E. Information Regarding Distributions to Noteholders of Citiseries
-----------------------------------------------------------------
(Aggregate Basis)
1a. The total amount of the distribution to Class A Noteholders
on the applicable Payment Dates ......................... $1,427,738,530
1b. The total amount of the distribution to Class B Noteholders
on the applicable Payment Dates ......................... $ 15,576,650
1c. The total amount of the distribution to Class C Noteholders
on the applicable Payment Dates ......................... $ 119,045,800
2a. The amount of the distribution set forth in item 1(a) above
in respect of principal on the Class A Notes ........ $1,250,000,000
2b. The amount of the distribution set forth in item 1(b) above
in respect of principal on the Class B Notes ........ $ 0
2c. The amount of the distribution set forth in item 1(c) above
in respect of principal on the Class C Notes ........ $ 100,000,000
3a. The amount of the distribution set forth in item 1(a) above
in respect of interest on the Class A Notes ........ $ 177,738,530
3b. The amount of the distribution set forth in item 1(b) above
in respect of interest on the Class B Notes ........ $ 15,576,650
3c. The amount of the distribution set forth in item 1(c) above
in respect of interest on the Class C Notes ........ $ 19,045,800
4a. The amount, if any, by which the Adjusted Outstanding
Dollar Principal Amount of the Class A Notes exceeds
the Class A Nominal Liquidation Amount as of the Record
Date with respect to the applicable Payment Dates ...... $ 0
4b. The amount, if any, by which the Adjusted Outstanding
Dollar Principal Amount of the Class B Notes exceeds
the Class B Nominal Liquidation Amount as of the Record
Date with respect to the applicable Payment Dates ...... $ 0
4c. The amount, if any, by which the Adjusted Outstanding
Dollar Principal Amount of the Class C Notes exceeds
the Class C Nominal Liquidation Amount as of the Record
Date with respect to the applicable Payment Dates ...... $ 0
Page 7
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2006
==============================================================================
F. Information Regarding Notes of Citiseries (2)
----------------------------------------------
(Individual Tranche Basis)
1a. Outstanding Dollar Principal Amount, Interest Payments and Deposits to
Interest Funding Sub-Accounts
Class/ Outstanding Monthly Targeted Actual Cumulative Interest Interest
Tranche Dollar Accretion Interest Interest Shortfall Funding Payment
Principal Monthly Monthly In Interest Sub-Account On Payment
Amount Deposit Deposit Funding Balance Date
Sub-Account
--------------- --------------- ----------- ----------- ----------- ----------- ----------- ------------
Class 2000-A3 1,000,000,000 0 4,585,012 4,585,012 0 0 4,585,012
Class 2001-A1 1,500,000,000 0 6,662,500 6,662,500 0 6,662,500 0
Class 2001-A3 13,000,000,000 0 57,954,316 57,954,316 0 0 57,954,316
Class 2001-A4 1,108,750,000 0 5,339,722 5,339,722 0 10,194,014 0
Class 2001-A6 0 0 5,656,886 5,656,886 0 0 30,730,431
Class 2001-A7 420,000,000 0 1,918,642 1,918,642 0 1,918,642 0
Class 2001-B1 350,000,000 0 1,678,209 1,678,209 0 3,194,010 0
Class 2001-B2 390,000,000 0 1,912,625 1,912,625 0 0 5,448,083
Class 2001-C1 500,000,000 0 2,647,163 2,647,163 0 5,038,149 0
Class 2001-C4 0 0 497,428 497,428 0 0 497,428
Class 2002-A1 1,000,000,000 0 4,314,942 4,314,942 0 16,330,553 0
Class 2002-A10 1,000,000,000 0 4,886,411 4,886,411 0 0 4,886,411
Class 2002-A4 750,000,000 0 3,324,456 3,324,456 0 0 3,324,456
Class 2002-A8 1,000,000,000 0 4,382,608 4,382,608 0 0 4,382,608
Class 2002-B1 400,000,000 0 1,880,889 1,880,889 0 0 5,348,778
Class 2002-C1 400,000,000 0 2,050,000 2,050,000 0 2,050,000 0
Class 2002-C2 350,000,000 0 2,027,083 2,027,083 0 8,108,333 0
Class 2002-C3 275,000,000 0 1,432,674 1,432,674 0 0 4,251,806
Class 2003-A1 1,250,000,000 0 5,563,047 5,563,047 0 10,587,734 0
Class 2003-A10 500,000,000 0 2,423,277 2,423,277 0 0 12,331,470
Class 2003-A11 750,000,000 0 3,305,536 3,305,536 0 6,291,182 0
Class 2003-A3 750,000,000 0 3,574,313 3,574,313 0 9,790,219 0
Class 2003-A4 1,250,000,000 0 5,034,722 5,034,722 0 0 15,972,222
Class 2003-A6 1,250,000,000 0 5,638,179 5,638,179 0 0 5,638,179
Class 2003-A7 650,000,000 0 2,893,383 2,893,383 0 10,969,543 0
Class 2003-A8 750,000,000 0 3,330,969 3,330,969 0 12,263,402 0
Class 2003-A9 2,500,000,000 0 10,611,946 10,611,946 0 10,611,946 0
Class 2003-C1 325,000,000 0 1,655,807 1,655,807 0 3,366,808 0
Class 2003-C3 150,000,000 0 556,250 556,250 0 1,112,500 0
Class 2003-C4 300,000,000 0 1,250,000 1,250,000 0 0 7,500,000
Class 2004-A1 2,750,000,000 0 5,843,750 5,843,750 0 29,218,750 0
Class 2004-A2 1,480,000,000 0 7,247,259 7,247,259 0 7,247,259 0
Class 2004-A3 1,000,000,000 0 4,730,000 4,730,000 0 9,030,000 0
Class 2004-A4 1,750,000,000 0 8,172,700 8,172,700 0 28,921,640 0
Class 2004-A5 473,410,131 0 2,083,169 2,083,169 0 4,099,138 0
Class 2004-A6 394,508,442 0 1,752,076 1,752,076 0 3,447,634 0
Class 2004-A7 1,200,000,000 0 5,827,250 5,827,250 0 5,827,250 0
Class 2004-A8 750,000,000 0 3,594,456 3,594,456 0 15,550,301 0
Class 2004-B1 250,000,000 0 1,067,488 1,067,488 0 0 1,067,488
Class 2004-B2 250,000,000 0 1,122,735 1,122,735 0 0 1,122,735
Class 2004-C1 225,000,000 0 1,110,310 1,110,310 0 0 1,110,310
Class 2005-A1 338,581,344 0 1,522,404 1,522,404 0 1,522,404 0
Class 2005-A10 1,000,000,000 0 4,383,598 4,383,598 0 0 4,383,598
Class 2005-A2 875,000,000 0 4,166,422 4,166,422 0 7,785,458 0
Class 2005-A3 1,375,000,000 0 6,491,940 6,491,940 0 0 6,491,940
Class 2005-A4 300,000,000 0 1,247,152 1,247,152 0 6,100,600 0
Class 2005-A5 200,000,000 0 835,140 835,140 0 4,086,361 0
Class 2005-A6 1,500,000,000 0 6,279,688 6,279,688 0 12,768,698 0
Class 2005-A7 750,000,000 0 3,077,401 3,077,401 0 0 3,077,401
Class 2005-A8 875,000,000 0 3,630,479 3,630,479 0 0 3,630,479
Class 2005-A9 500,000,000 0 2,098,766 2,098,766 0 0 12,210,281
Class 2005-B1 500,000,000 0 2,259,612 2,259,612 0 4,230,792 0
Class 2005-C1 75,000,000 0 343,750 343,750 0 1,031,250 0
Class 2005-C2 175,000,000 0 890,414 890,414 0 0 890,414
Class 2005-C3 375,000,000 0 1,773,016 1,773,016 0 0 1,773,016
Class 2005-C5 200,000,000 0 982,188 982,188 0 6,267 982,188
Class 2005-C6 175,000,000 0 815,352 815,352 0 0 815,352
Class 2006-A1 700,000,000 0 3,033,333 3,033,333 0 3,033,333 0
Class 2006-A2 1,500,000,000 0 6,062,500 6,062,500 0 25,058,333 0
Class 2006-A3 750,000,000 0 3,312,500 3,312,500 0 9,827,083 0
Class 2006-A4 1,000,000,000 0 7,281,806 7,281,806 0 7,281,806 0
Class 2006-A5 750,000,000 0 2,981,250 2,981,250 0 2,981,250 0
Class 2006-B1 600,000,000 0 2,589,565 2,589,565 0 0 2,589,565
Class 2006-B2 400,000,000 0 1,716,667 1,716,667 0 5,150,000 0
Class 2006-C1 500,000,000 0 2,207,476 2,207,476 0 0 2,207,476
Class 2006-C2 200,000,000 0 1,045,000 1,045,000 0 1,045,000 0
** The IFA Balance for Deal 2006-A4 includes accrued interest of $1,044,583
Page 8
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2006
==============================================================================
1b. Outstanding Dollar Principal Amount and Investor Interest Payments
Class/ Outstanding Investor Investor Payment Monthly Investor's Investor's SWAP Expected Legal
Tranche Dollar Interest Interest Date(1) Interest Current Interest Yes/ Principal Maturity
Principal Rate PMT Accural Period PMT On Pmt No Payment Date
Amount Fixed/ Frequency Period Interest Date (2) Date
Floating Rate
-------------- ------------- -------- ------------------ -------- -------- ---------- --------------- ---- ---------- ----------
Class 2000-A3 1,000,000,000 Fixed May, Nov 15 15 - 15 6.87500 0.00 Yes 11/15/2007 11/16/2009
Class 2001-A1 1,500,000,000 Floating Feb, May, Aug, Nov 7 8 - 7 5.33000 0.00 No 02/07/2008 02/08/2010
Class 2001-A6 1,250,000,000 Fixed June, December 15 15 - 15 5.65000 35,312,500.02 Yes 06/15/2006 06/16/2008
Class 2001-A7 420,000,000 Floating Feb, May, Aug, Nov 15 15 - 15 5.30500 0.00 No 08/15/2011 08/15/2013
Class 2001-B1 350,000,000 Floating Jan, Apr, Jul, Oct 15 15 - 15 5.56825 0.00 No 01/15/2008 01/15/2010
Class 2001-B2 390,000,000 Floating Mar, Jun, Sep, Dec 10 10 - 12 5.35000 5,448,083.33 No 12/10/2006 12/10/2008
Class 2001-C1 500,000,000 Floating Jan, Apr, Jul, Oct 15 15 - 15 6.14825 0.00 No 01/15/2008 01/15/2010
Class 2001-C4 100,000,000 Floating Monthly 7 8 - 7 5.96913 497,427.50 No 06/07/2006 06/09/2008
Class 2002-A1 1,000,000,000 Fixed Feb, Aug 7 8 - 7 4.95000 0.00 Yes 02/07/2007 02/09/2009
Class 2002-A10 1,000,000,000 Floating Monthly 17 17 - 19 5.33063 4,886,410.83 No 12/17/2012 12/17/2014
Class 2002-A4 750,000,000 Floating Monthly 7 8 - 7 5.31913 3,324,456.25 No 06/07/2014 06/07/2016
Class 2002-A8 1,000,000,000 Floating Monthly 7 8 - 7 5.25913 4,382,608.33 No 11/07/2009 11/07/2011
Class 2002-B1 400,000,000 Floating Mar, Jun, Sep, Dec 25 25 - 26 5.29000 5,348,777.78 No 06/25/2007 06/25/2009
Class 2002-C1 400,000,000 Floating Feb, May, Aug, Nov 7 8 - 7 6.15000 0.00 No 02/07/2007 02/07/2009
Class 2002-C2 350,000,000 Fixed February and Augus 15 15 - 15 6.95000 0.00 No 02/15/2012 02/15/2014
Class 2002-C3 275,000,000 Floating Mar, Jun, Sep, Dec 15 15 - 15 6.05000 4,251,805.56 No 12/15/2007 12/15/2009
Class 2003-A1 1,250,000,000 Floating Jan, Apr, Jul, Oct 15 15 - 15 5.16825 0.00 No 01/15/2008 01/15/2010
Class 2003-A10 500,000,000 Fixed Jun, Dec 10 10 - 12 4.75000 11,875,000.02 Yes 12/10/2013 12/10/2015
Class 2003-A11 750,000,000 Floating Jan, Apr, Jul, Oct 15 15 - 15 5.11825 0.00 No 10/15/2007 10/15/2009
Class 2003-A3 750,000,000 Fixed March and Septembe 10 10 - 12 3.10000 0.00 Yes 03/10/2008 03/10/2010
Class 2003-A4 1,250,000,000 Floating Mar, Jun, Sep, Dec 20 22 - 20 5.00000 15,972,222.22 No 03/20/2007 03/20/2009
Class 2003-A6 1,250,000,000 Fixed May and November 15 15 - 15 2.90000 0.00 Yes 05/15/2008 05/17/2010
Class 2003-A7 650,000,000 Fixed January and July 7 8 - 7 4.15000 0.00 Yes 07/07/2015 07/07/2017
Class 2003-A8 750,000,000 Fixed February and Augus 15 15 - 15 3.50000 0.00 Yes 08/15/2008 08/16/2010
Class 2003-A9 2,500,000,000 Floating Feb, May, Aug, Nov 20 22 - 20 5.26938 0.00 No 11/20/2008 11/22/2010
Class 2003-C1 325,000,000 Floating Jan, Apr, Jul, Oct 7 8 - 7 6.11375 0.00 No 04/07/2008 04/07/2010
Class 2003-C3 150,000,000 Fixed April and October 7 8 - 7 4.45000 0.00 No 04/07/2008 04/07/2010
Class 2003-C4 300,000,000 Fixed June and December 10 10 - 12 5.00000 7,500,000.00 No 06/10/2013 06/10/2015
Class 2004-A1 2,750,000,000 Fixed January and July 20 22 - 20 2.55000 0.00 No 01/20/2007 01/20/2009
Class 2004-A3 1,000,000,000 Floating Jan, Apr, Jul, Oct 24 24 - 26 5.16000 0.00 No 07/24/2009 07/25/2011
Class 2004-A4 1,750,000,000 Fixed Feb, Aug 24 24 - 26 3.20000 0.00 Yes 08/24/2007 08/24/2009
Class 2004-A7 1,200,000,000 Floating Feb, May, Aug, Nov 24 24 - 26 5.29750 0.00 No 11/24/2011 11/25/2013
Class 2004-A8 750,000,000 Fixed June, Dec 10 10 - 12 4.90000 18,375,000.00 Yes 12/10/2014 12/12/2016
Class 2004-B1 250,000,000 Floating Monthly 20 22 - 20 5.30063 1,067,487.99 No 05/20/2009 05/20/2011
Class 2004-B2 250,000,000 Floating Monthly 7 8 - 7 5.38913 1,122,735.42 No 10/07/2011 10/07/2013
Class 2004-C1 225,000,000 Floating Monthly 15 15 - 15 5.73063 1,110,309.56 No 07/15/2011 07/15/2013
Class 2005-A10 1,000,000,000 Floating Monthly 15 15 - 15 5.09063 4,383,598.06 No 12/15/2008 12/15/2010
Class 2005-A2 875,000,000 Fixed March and Septembe 10 10 - 12 4.85000 0.00 Yes 03/10/2015 03/10/2017
Class 2005-A3 1,375,000,000 Floating Monthly 24 24 - 26 5.15063 6,491,939.90 No 04/24/2012 04/24/2014
Class 2005-A4 300,000,000 Fixed June and December 20 22 - 20 4.40000 6,600,000.00 Yes 06/20/2012 06/20/2014
Class 2005-A5 200,000,000 Fixed June and December 20 22 - 20 4.55000 4,549,999.98 Yes 06/20/2015 06/20/2017
Class 2005-A6 1,500,000,000 Floating Jan, Apr, Jul, Oct 7 8 - 7 5.02375 0.00 No 10/07/2009 10/07/2011
Class 2005-A7 750,000,000 Fixed April and October 20 22 - 20 4.75000 0.00 Yes 10/20/2010 10/22/2012
Class 2005-A8 875,000,000 Floating each month 20 22 - 20 5.15063 3,630,478.78 No 10/20/2012 10/20/2014
Class 2005-A9 500,000,000 Fixed May and November 20 22 - 20 5.10000 0.00 Yes 11/20/2015 11/20/2017
Class 2005-B1 500,000,000 Fixed March and Septembe 15 15 - 15 4.40000 0.00 Yes 09/15/2008 09/15/2010
Class 2005-C1 75,000,000 Fixed March and Septembe 24 24 - 26 5.50000 0.00 No 03/24/2015 03/24/2017
Class 2005-C2 175,000,000 Floating Monthly 24 24 - 26 5.55063 890,413.56 No 03/24/2015 03/24/2017
Class 2005-C3 375,000,000 Floating Monthly 15 15 - 15 5.49063 1,773,015.94 No 07/15/2012 07/15/2014
Class 2005-C5 200,000,000 Fixed April and October 24 24 - 26 4.95000 0.00 Yes 10/24/2008 10/25/2010
Class 2005-C6 175,000,000 Floating Monthly 15 15 - 15 5.41063 815,351.88 No 11/15/2010 11/15/2012
Class 2006-A1 700,000,000 Floating Feb May Aug Nov 7 8 - 7 5.20000 0.00 No 02/07/2013 02/07/2015
Class 2006-A2 1,500,000,000 Fixed February and Augus 10 10 - 12 4.85000 0.00 No 02/10/2009 02/10/2011
Class 2006-A3 750,000,000 Fixed March, Sept 15 15 - 15 5.30000 0.00 No 03/15/2016 03/15/2018
Class 2006-A4 1,000,000,000 Fixed May, Nov 10 10 - 12 5.45000 0.00 No 05/10/2011 05/10/2013
Class 2006-A5 750,000,000 Fixed May, Nov 20 22 - 20 5.30000 0.00 No 05/20/2009 05/20/2011
Class 2006-B1 600,000,000 Floating Monthly 7 8 - 7 5.17913 2,589,565.00 No 03/07/2009 03/07/2011
Class 2006-B2 400,000,000 Fixed March & September 7 8 - 7 5.15000 0.00 No 03/07/2009 03/07/2011
Class 2006-C1 500,000,000 Floating Monthly 20 22 - 20 5.48063 2,207,475.97 No 02/20/2013 02/20/2015
Class 2006-C2 200,000,000 Fixed May & November 15 15 - 15 5.70000 0.00 No 05/15/2011 05/15/2013
---------------------------------------------------------------------------------------------------------------------------------
(1) If the Payment Date is not a Business Day, then the Payment Date will be the succeeding Business Day.
(2) The record date for payment of the notes is the last day of the month before the related payment date.
2a. Principal Payments and Deposits to Principal Funding Sub-Accounts for all Deals except 2001-A3 (Dakota)
Class/Tranche Targeted Actual Cumulative Principal Principal
Principal Principal Shortfall in Funding Payment On
Monthly Monthly Principal Sub-Account Payment Date
Deposit Deposit Funding Balance
Sub-Account
--------------- --------------- --------------- --------------- --------------- ---------------
Class 2001-A6 1,250,000,000 1,250,000,000 0 0 1,250,000,000
Class 2001-C4 100,000,000 100,000,000 0 0 100,000,000
2b. Principal Payments and Deposits to Principal Funding Sub-Accounts for 2001-A3 (Dakota) only
Class/Tranche Targeted Actual Cumulative Principal Principal
Principal Principal Shortfall in Funding Payment On
Monthly Monthly Principal Sub-Account Payment Date
Deposit Deposit Funding Balance
Sub-Account
--------------- --------------- --------------- --------------- --------------- ---------------
Nothing to report for this period.
-----------------------------------------------------------------------------
(2) The information reported is for the Due Period ending May 25, 2006 and
giving effect to all deposits, allocations, reallocations and payments to
be made in the month after the end of this Due Period.
Page 9
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2006
==============================================================================
3a. Funding the Class 'C' Reserve Sub-Accounts
1) 3 Month Average Surplus Finance Charge Collections for purposes
of Funding the Class C Reserve Sub-Accounts 8.63%
2) Is the 3 Month Average Surplus Finance Charge Collections for
purposes of Funding the Class C Reserve Sub-Accounts less than or equal
to 4.50% No
3b. Deposits to and Withdrawals from Class C Reserve Sub-Accounts
-------------------------------------------------------------
Class/Tranche Targeted Actual Cumulative Withdrawals Class C
Deposit to Deposit to Shortfall in from Class C Reserve
Class C Class C Class C Reserve Sub-Account
Reserve Reserve Reserve Sub-Account Balance
Sub-Account Sub-Account Sub-Account
--------------- --------------- --------------- --------------- --------------- ---------------
Nothing to report for this period.
4. Maximum Enhancement Amount Available to Class A Notes; Class A Usage of
Class B and Class C Subordinated Amounts
Class/Tranche Maximum Maximum Class A Class A Cumulative Cumulative
Enhancement Enhancement Usage of Usage of Class A Class A
Amount Amount Class B Class C Usage of Usage of
Available Available Subordinated Subordinated Class B Class C
from Class from Class Amount for Amount for Subordinated Subordinated
B Notes C Notes this Due this Due Amount Amount
Period Period
--------------- ------------- ------------- ------------- ------------- ------------- --------------
Class 2000-A3 59,829,100 79,772,100
Class 2001-A1 89,743,650 119,658,150
Class 2001-A3 0 903,743,100
Class 2001-A4 66,335,515 88,447,316
Class 2001-A6 74,786,375 99,715,125
Class 2001-A7 25,128,222 33,504,282
Class 2002-A1 59,829,100 79,772,100
Class 2002-A10 59,829,100 79,772,100
Class 2002-A4 44,871,825 59,829,075
Class 2002-A8 59,829,100 79,772,100
Class 2003-A1 74,786,375 99,715,125
Class 2003-A10 29,914,550 39,886,050
Class 2003-A11 44,871,825 59,829,075
Class 2003-A3 44,871,825 59,829,075
Class 2003-A4 74,786,375 99,715,125
Class 2003-A6 74,786,375 99,715,125
Class 2003-A7 38,888,915 51,851,865
Class 2003-A8 44,871,825 59,829,075
Class 2003-A9 149,572,750 199,430,250
Class 2004-A1 164,530,025 219,373,275
Class 2004-A2 88,547,068 118,062,708
Class 2004-A3 59,829,100 79,772,100
Class 2004-A4 104,700,925 139,601,175
Class 2004-A5 28,323,702 37,764,920
Class 2004-A6 23,603,085 31,470,767
Class 2004-A7 71,794,920 95,726,520
Class 2004-A8 44,871,825 59,829,075
Class 2005-A1 20,257,017 27,009,345
Class 2005-A10 59,829,100 79,772,100
Class 2005-A2 52,350,463 69,800,588
Class 2005-A3 82,265,013 109,686,638
Class 2005-A4 17,948,730 23,931,630
Class 2005-A5 11,965,820 15,954,420
Class 2005-A6 89,743,650 119,658,150
Class 2005-A7 44,871,825 59,829,075
Class 2005-A8 52,350,463 69,800,588
Class 2005-A9 29,914,550 39,886,050
Class 2006-A1 41,880,370 55,840,470
Class 2006-A2 89,743,650 119,658,150
Class 2006-A3 44,871,825 59,829,075
Class 2006-A4 59,829,100 79,772,100
Class 2006-A5 44,871,825 59,829,075
Page 10
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION
CITIBANK (NEVADA), NATIONAL ASSOCIATION
==============================================================================
CITIBANK CREDIT CARD ISSUANCE TRUST / CITIBANK CREDIT CARD MASTER TRUST I
For the Due Period Ending May 25, 2006
==============================================================================
5. Maximum Enhancement Amount Available to Class B Notes; Class B Usage of
Class C Subordinated Amounts
Class/Tranche Maximum Enhancement Class B Usage of Cumulative Class B
Amount Available from Class C Subordinated Usage of Class C
Class C Notes Amount for this Due Subordinated Amount
Period
--------------- ------------------------ ------------------------ ------------------------
Class 2001-B1 466,666,655
Class 2001-B2 519,999,987
Class 2002-B1 533,333,320
Class 2004-B1 333,333,325
Class 2004-B2 333,333,325
Class 2005-B1 666,666,650
Class 2006-B1 799,999,980
Class 2006-B2 533,333,320
6. Reductions of and Reimbursements to Nominal Liquidation Amount
Class/Tranche Reduction Reduction Cumulative Cumulative Reimbursements
Resulting from Resulting from Reduction Reduction of prior
an Allocation from a Resulting from Resulting from reductions of
of Investor Reallocation an Allocation an Reallocation Nominal
Charge-offs of Principal of Investor of Principal Liquidation
for this Due Collections Charge-offs Collections to Amount for
Period to pay (net of pay interest on this Due
interest on Reimbursements) senior classes Period
senior of Notes (net of
classes of Reimbursements)
Notes for
this Due
Period
--------------- ---------------- ---------------- ---------------- ---------------- ----------------
Nothing to report for this period.
7. Excess Spread/Early Redemption Event Trigger
1) 3 Month Average Surplus Finance Charge Collections 8.67%
2) Is the 3 Month Average Surplus Finance Charge Collections
greater than 0.00% Yes
Page 11
IN WITNESS WHEREOF, the undersigned has duly executed and delivered
this Report this __________ day of June, 2006.
CITIBANK (SOUTH DAKOTA), NATIONAL ASSOCIATION,
As Managing Beneficiary of Citibank Credit
Card Issuance Trust
and
As Servicer of Citibank Credit Card
Master Trust I
By: /s/ Xxxxxx Xxxxxxxx
____________________________________
Name: Xxxxxx Xxxxxxxx
Title: Authorized Representative
Page 9
