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That allowed the banks to release some of the reserves set aside to cover dud loans.
Citigroup said it had adequate reserves set aside for those matters.
First, the fund has squirreled away almost $9 billion of reserves, set aside when business was booming.
The improvement came as customer numbers increased and it released reserves set aside to cover the cost of future claims.
One-time gains, like reversing the reserves set aside to cover bad loans, accounted for 67 percent of Citigroup's third-quarter earnings -- not 85 percent.
The company said the rise in home prices during the quarter enabled it to reduce reserves set aside for losses on mortgages, helping to bolster its net income.
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The fund might take the form of a reserve set aside for emergencies by each country, with each setting aside the same percentage of gross domestic product.
In the US, for example, they have a strategic petroleum reserve, set aside in case imports are interrupted or the market disrupted.
It is also adjacent to a reserve set aside by both countries for the largest extant tribe of Amazon peoples, the Yanomami.
The 124-acre reserve set aside in the Chocó forest is managed by the Colombian conservation organization ProAves and is made up of land purchased by the conservancy, the World Land Trust and Global Wildlife Conservation with support from Conservation International, the I.U.C.N. and others.
Rum was acquired in 1957 by the National Conservancy, a British conservation group, and became a nature reserve set aside for botanical and geological research and for studying the local red deer.
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