CITIBANK CREDIT CARD MASTER TRUST I
Omitted pursuant to the No-Action Letter.
Not Applicable.
Not Applicable.
Pursuant to Section 3.06 of the Pooling and Servicing Agreement dated as of May 29, 1991, as Amended and Restated as of October 5, 2001 (as amended through the date hereof, the "Pooling Agreement"), relating to the Citibank Credit Card Master Trust I (the "Trust") among Citibank (South Dakota), National Association ("CBSD"), Citibank (Nevada), National Association ("CBNV", CBSD and CBNV collectively, the "Banks") and Deutsche Bank Trust Company Americas (formerly Bankers Trust Company), as trustee (the "Trustee"), KPMG LLP has performed certain procedures in connection with the Monthly Servicer's Certificates (the "Monthly Certificates") for the months of January 2005 through December 2005. The Monthly Certificates contain information relating to the receivables (the "Receivables") and the accounts from which the Receivables arise (the "Accounts") and are prepared by the Servicer and delivered to the Trustee pursuant to Section 3.04(b) of the Pooling Agreement. The reports issued by KPMG LLP in connection with the servicing activities of CBSD, as servicer (in such capacity, the "Servicer"), are attached hereto as Exhibit 99.1. The Monthly Certificates containing information relating to the Receivables and the Accounts for the Due Periods ending in January 2005 through December 2005 are incorporated by reference from the registrant's Current Reports on Form 8-K filed with the Commission on February 15, 2005, March 15, 2005, April 15, 2005, May 16, 2005, June 15, 2005, July 15, 2005, August 15, 2005, September 15, 2005, October 17, 2005, November 15, 2005, December 23, 2005, and January 17, 2006, respectively. In addition, the registrant's Current Report on Form 8-K filed with the Commission on January 26, 2006 containing financial information with regard to the Trust, the Receivables and the Accounts as of, and for the year ended in, December 2005 is incorporated by reference.       Pursuant to Section 3.05 of the Pooling Agreement, the Servicer has certified to the Trustee as to the performance of its obligations under the Pooling Agreement throughout the calendar year ended December 31, 2005. This certificate is attached hereto as Exhibit 99.2.
CBSD, some of its affiliates as well as Visa U.S.A. Inc., Visa International Service Association, MasterCard International Incorporated and other banks are defendants in a consolidated class action lawsuit (IN RE CURRENCY CONVERSION FEE ANTITRUST LITIGATION) pending in the U.S. District Court for the Southern District of New York, which seeks unspecified damages and injunctive relief. The action, brought on behalf of certain United States holders of VISA, MasterCard and Diners Club branded general purpose credit cards who used those cards since March 1, 1997 for foreign currency transactions, asserts, among other things, claims for alleged violations of (i) Section 1 of the Sherman Act, (ii) the Federal Truth-in-Lending Act (TILA), and (iii) as to CBSD, the South Dakota Deceptive Trade Practices Act. On October 15, 2004, the District Court granted the plaintiffs' motion for class certification of their Sherman Act and TILA claims but denied the motion as to the South Dakota Deceptive Trade Practices Act claim against CBSD. On March 9, 2005, the District Court granted in part and denied in part defendants' motions for reconsideration of certain aspects of the October 15, 2004 rulings. Among other things, the District Court narrowed the antitrust classes to certain VISA-branded or MasterCard-branded cardholders of CBSD and J.P. Morgan Chase & Co. On December 7, 2005, the District Court certified a Diners Club damages subclass, as well as Diners' antitrust and TILA injunctive relief subclasses. The Citigroup defendants, J.P. Morgan Chase & Co. and the plaintiffs have appealed certain aspects of the District Court's class action rulings.                                          3          Except as described in the preceding paragraph, the registrant knows of no material pending legal proceedings involving the Trust, CBSD, CBNV or the Trustee (in its capacity as such), other than routine litigation incidental to the business of the Trust, CBSD, CBNV or the Trustee (in its capacity as such).
None.                                        PART II                                      -------
To the best knowledge of the registrant, there is no established public trading market for the Certificates.       Each class of Certificates, other than the Credit Card Participation Certificate, Series 2000, is represented by one or more certificates registered in the name of Cede & Co. ("Cede"), the nominee of The Depository Trust Company ("DTC"). The Credit Card Participation Certificate, Series 2000, is represented by a single certificate registered in the name of Citibank Credit Card Issuance Trust.
Omitted pursuant to the No-Action Letter.
Omitted pursuant to the No-Action Letter.
Omitted pursuant to the No-Action Letter.
Omitted pursuant to the No-Action Letter.
None.
Not Applicable.
None.                                       PART III                                     --------
Omitted pursuant to the No-Action Letter.
Omitted pursuant to the No-Action Letter.                                          4
Each class of Certificates, other than the Credit Card Participation Certificate, Series 2000, is represented by one or more certificates registered in the name of Cede, the nominee of DTC, and an investor holding an interest in such classes of Certificates is not entitled to receive a certificate representing such interest except in limited circumstances set forth in the Pooling Agreement. Accordingly, Cede is the sole holder of record of such Certificates, which it holds on behalf of brokers, dealers, banks, and other direct participants in the DTC system. Such direct participants may hold Certificates for their own accounts or for the accounts of their customers. The name and address of Cede is Cede & Co., c/o The Depository Trust Company, 55 Water Street, New York, NY 10041.       The Credit Card Participation Certificate, Series 2000, is represented by a single certificate, representing 100% of the principal amount of such series of Certificates, and is registered in the name of Citibank Credit Card Issuance Trust. The name and address of the sole holder of record of such series of Certificates is            Citibank Credit Card Issuance Trust           c/o Citibank (South Dakota), National Association,              as Managing Beneficiary           701 East 60th Street, North           Mail Code 1251           Sioux Falls, South Dakota 57117
There have not been, and there are not currently proposed, to the best knowledge of the registrant, any transaction or series of transactions, to which the Trust, CBSD, as a seller or servicer, CBNV, as a seller, or the Trustee, on behalf of the Trust, is a party with any Certificateholder who owns of record or beneficially more than five percent of the Certificates.
Not applicable.                                        PART IV                                      -------
(a)  31.1 Certification pursuant to Section 302 of the Sarbanes-Oxley Act of            2002 and relevant rules and regulations of the Commission.        99.1 Reports on the activities of CBSD, as Servicer, prepared by KPMG LLP            pursuant to Section 3.06 of the Pooling Agreement.        99.2 Annual Compliance Certificate of the Servicer delivered pursuant to            Section 3.05 of the Pooling Agreement.        99.3 The Monthly Certificates containing information relating to the            Receivables and the Accounts for the Due Periods ending in January            2005 through December 2005 are incorporated by reference from the            registrant's Current Reports on Form 8-K filed with the Commission            on February 15, 2005, March 15, 2005, April 15, 2005,            May 16, 2005, June 15, 2005, July 15, 2005, August 15, 2005,            September 15, 2005, October 17, 2005, November 15, 2005,            December 23, 2005, and January 17, 2006, respectively.                                          5          99.4 The registrant's Current Report on Form 8-K filed with the           Commission on January 26, 2006 containing financial information           with regard to the Trust, the Receivables and the Accounts as of,           and for the year ended in, December 2005 is incorporated by reference.   (b)  Omitted pursuant to the No-Action Letter.   (c)  Omitted pursuant to the No-Action Letter.                                          6                                        SIGNATURES                                    ----------       Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.                                      CITIBANK (SOUTH DAKOTA),                                           NATIONAL ASSOCIATION,                                     as Servicer                                     (Registrant)                                        By: /s/ Douglas C. Morrison                                          -----------------------------                                              Douglas C. Morrison                                              Vice President  Dated:  March 29, 2006                                          7    EX-31 2 ex_31-1.txt                                                                      EXHIBIT 31.1                                     Certification                                   -------------   I, Douglas C. Morrison, certify that:  1.   I have reviewed this annual report on Form 10-K, and all reports on Form      8-K containing distribution or servicing reports filed in respect of      periods included in the year covered by this annual report, of Citibank      Credit Card Master Trust I;  2.   Based on my knowledge, the information in these reports, taken as a whole,      does not contain any untrue statement of a material fact or omit to state a      material fact necessary to make the statements made, in light of the      circumstances under which such statements were made, not misleading as of      the last day of the period covered by this annual report;  3.   Based on my knowledge, the distribution or servicing information required      to be provided to the trustee by the servicer under the pooling and      servicing, or similar, agreement, for inclusion in these reports is      included in these reports;  4.   I am responsible for reviewing the activities performed by the servicer      under the pooling and servicing, or similar, agreement and based upon my      knowledge and the annual compliance review required under that agreement,      and except as disclosed in the reports, the servicer has fulfilled its      obligations under that agreement; and  5.   The reports disclose all significant deficiencies relating to the      servicer's compliance with the minimum servicing standards based upon the      report provided by an independent public accountant, after conducting a      review in compliance with the Uniform Single Attestation Program for      Mortgage Bankers or similar procedure, as set forth in the pooling and      servicing, or similar, agreement, that is included in these reports.   Date:  March 29, 2006   /s/ Douglas C. Morrison _____________________________ Douglas C. Morrison Vice President and Chief Financial Officer Citibank (South Dakota), National Association    EX-99 3 ex_99-1.txt                                                                      EXHIBIT 99.1         Attestation Report of Independent Registered Public Accounting Firm   Citibank Credit Card Master Trust I   c/o Deutsche Bank Trust Company Americas   (formerly Bankers Trust Company), as Trustee  Citibank (South Dakota), National Association, as Servicer  We have examined the accompanying assertion made by management on Citibank (South Dakota), National Association's ("CBSD") compliance, as Servicer, with the servicing requirements in Article III, Sections 3.01, 3.02, 3.04, 3.05, 3.06, and 3.09, Article IV, and Section 8.08 of the Amended and Restated Pooling and Servicing Agreement for the Citibank Credit Card Master Trust I, formerly known as the Standard Credit Card Master Trust I (the "Trust"), dated as of October 5, 2001 (filed with the Securities and Exchange Commission on Form 8-K on October 19, 2001) and amended as of December 19, 2005, including the supplements for each series issued from the Trust, among CBSD, as Seller and Servicer, Citibank (Nevada), National Association, as Seller, and Deutsche Bank Trust Company Americas (formerly Bankers Trust Company), as Trustee (the "Agreement") for the year ended December 31, 2005. Management is responsible for CBSD's compliance with the aforementioned sections of the Agreement. Our responsibility is to express an opinion based on our examination.  Our examination was conducted in accordance with attestation standards established by the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.  In our opinion, management's assertion referred to above is fairly stated, in all material respects, based upon the stated criteria in the Agreement.   /s/ KPMG LLP  New York, New York March 21, 2006             Management Report on Citibank (South Dakota), National Association's          Compliance, as Servicer, with the Servicing Requirements of the                          Pooling and Servicing Agreement                          -------------------------------   Management of Citibank (South Dakota), National Association ("CBSD"), as Servicer, is responsible for compliance with the servicing requirements in Article III, Sections 3.01, 3.02, 3.04, 3.05, 3.06, and 3.09, Article IV, and Section 8.08 of the Amended and Restated Pooling and Servicing Agreement (the "Agreement") for the Citibank Credit Card Master Trust I, formerly known as the Standard Credit Card Master Trust I (the "Trust"), dated as of October 5, 2001 and amended as of December 19, 2005, including the supplements for each series issued from the Trust, among CBSD, as Seller and Servicer, Citibank (Nevada), National Association, as Seller, and Deutsche Bank Trust Company Americas (formerly Bankers Trust Company), as Trustee.  Management has performed an evaluation of CBSD's compliance with the aforementioned sections of the Agreement for the year ended December 31, 2005. Based upon this evaluation, management believes that, for the year ended December 31, 2005, CBSD, as Servicer, was materially in compliance with the aforementioned sections of the Agreement.   /s/ Kendall Stork - ---------------------------- Kendall Stork President  March 21, 2006             Attestation Report of Independent Registered Public Accounting Firm   Citibank Credit Card Master Trust I   c/o Deutsche Bank Trust Company Americas   (formerly Bankers Trust Company), as Trustee  Citibank (South Dakota), National Association, as Servicer  We have examined the accompanying assertion made by management on Citibank (South Dakota), National Association's ("CBSD") compliance, as Servicer, with Article III, Section 3.04 (b) of the Amended and Restated Pooling and Servicing Agreement, for the Citibank Credit Card Master Trust I, formerly known as the Standard Credit Card Master Trust I (the "Trust"), dated as of October 5, 2001 (filed with the Securities and Exchange Commission on Form 8-K on October 19, 2001) and amended as of December 19, 2005, including the supplements for each series issued from the Trust, among CBSD, as Seller and Servicer, Citibank (Nevada), National Association, as Seller, and Deutsche Bank Trust Company Americas (formerly Bankers Trust Company), as Trustee (the "Agreement") for the year ended December 31, 2005. Management is responsible for CBSD's compliance with Article III, Section 3.04 (b) of the Agreement, including the accuracy of the mathematical calculations of each amount set forth in the Monthly Servicer Certificates, delivered pursuant to Section 3.04 (b), using CBSD's computer reports which were the source of such amounts. Our responsibility is to express an opinion based on our examination.  Our examination was conducted in accordance with attestation standards established by the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence supporting management's assertion and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion.  In our opinion, management's assertion referred to above is fairly stated, in all material respects, based upon the stated criteria in the Agreement.   /s/ KPMG LLP  New York, New York March 21, 2006            Management Report on Citibank (South Dakota), National Association's          Compliance, as Servicer, with Article III, Section 3.04 (b) of                        the Pooling and Servicing Agreement                        -----------------------------------   Management of Citibank (South Dakota), National Association ("CBSD"), as Servicer, is responsible for the preparation of the Monthly Servicer Certificates in compliance with Article III, Section 3.04 (b) of the Amended and Restated Pooling and Servicing Agreement for the Citibank Credit Card Master Trust I, formerly known as the Standard Credit Card Master Trust I (the "Trust"), dated as of October 5, 2001 and amended as of December 19, 2005, including the supplements for each series issued from the Trust, among CBSD, as Seller and Servicer, Citibank (Nevada), National Association, as Seller, and Deutsche Bank Trust Company Americas (formerly Bankers Trust Company), as Trustee (the "Agreement"). Management is also responsible for the accuracy of the mathematical calculations of each amount set forth in the Monthly Servicer Certificates, delivered pursuant to Section 3.04 (b), using CBSD's computer reports which were the source of such amounts.  Management has performed an evaluation of CBSD's compliance with Article III, Section 3.04 (b) of the Agreement, including the accuracy of the related mathematical calculations, for the year ended December 31, 2005. Based upon this evaluation, management believes that, for the year ended December 31, 2005, CBSD, as Servicer, was materially in compliance with Article III, Section 3.04 (b) of the Agreement.   /s/ Kendall Stork - ---------------------------- Kendall Stork President  March 21, 2006      EX-99 4 ex_99-2.txt                                                                      EXHIBIT 99.2                          CITIBANK CREDIT CARD MASTER TRUST I                            SERVICING OFFICER CERTIFICATE       The undersigned, a duly authorized representative of Citibank (South Dakota), National Association, as Servicer (the "Bank"), pursuant to a Pooling and Servicing Agreement dated as of May 29, 1991, as Amended and Restated as of October 5, 2001 (as amended and supplemented through the date hereof, the "Agreement"), among the Bank, as Seller and Servicer, Citibank (Nevada), National Association, as Seller, and Deutsche Bank Trust Company Americas, as Trustee (the "Trustee"), does hereby certify that:       1. The Bank is, as of the date hereof, the Servicer under the Agreement. Capitalized terms used in this Certificate have their respective meanings as set forth in the Agreement.       2. The undersigned is a Servicing Officer who is duly authorized pursuant to the Agreement to execute and deliver this Certificate to the Trustee.       3. A review of the activities of the Servicer during the calendar year ended December 31, 2005 and of its performance under the Agreement was conducted under my supervision.       4. Based on such review, the Servicer has, to the best of my knowledge, performed in all material respects its obligations under the Agreement throughout such year and no default in the performance of such obligations has occurred or is continuing except as set forth in paragraph 5 below.       5. The following is a description of each default in the performance of the Servicer's obligations under the provisions of the Agreement known to me to have been made by the Servicer during the year ended December 31, 2005, which description sets forth in detail (i) the nature of each such default, (ii) the action taken, if any, by the Servicer to remedy each such default and (iii) the current status of each such default:                                        None.        IN WITNESS WHEREOF, the undersigned has duly executed this certificate this 8th day of March, 2006.                                             /s/ Susan J. Sexton                                           ___________________________                                           Susan J. Sexton                                           Servicing Officer    -----END PRIVACY-ENHANCED MESSAGE-----