Assuming a loss percentage as the $100 billion of assets that have flooded back onto Citigroups balance sheet, the leverage ratio (metric) as used by Hoenig would:

a.

Worsen from about 5.2% to 1.1%.

b.

Improve from about 5.2% to 1.1%.

c.

Worsen from about 5.2% to 3.5%.

d.

Improve from about 5.2% to 3.5%.

July 14 (Bloomberg) -- At an investor presentation in May, Citigroup Inc. Chief Executive Officer Vikram Pandit said shrinking the bank's $2.2 trillion balance sheet, the biggest in the U.S., was a cornerstone of his turnaround plan. Nowhere mentioned in the accompanying 66- page handout were the additional $1.1 trillion of assets that New York-based keeps off its books: trusts to sell mortgage-backed securities, financing vehicles to issue short-term debt and collateralized debt obligations, or CDOs, to repackage bonds. ... Since last September, at least $100 billion of assets have flooded back onto Citigroup's balance sheet, accompanied by more than $7 billion of losses