SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K

                                 Current Report


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): August 29, 2003


                  Citibank (South Dakota), National Association
                                  on behalf of
                       Citibank Credit Card Master Trust I
          (Issuer in respect of the Citibank Credit Card Master Trust I
      5.95% Class A Credit Card Participation Certificates, Series 1993-2
      6.15% Class B Credit Card Participation Certificates, Series 1993-2
      7.25% Class A Credit Card Participation Certificates, Series 1994-2
      7.50% Class B Credit Card Participation Certificates, Series 1994-2
      8.25% Class A Credit Card Participation Certificates, Series 1995-1
      8.45% Class B Credit Card Participation Certificates, Series 1995-1
      6.55% Class A Credit Card Participation Certificates, Series 1995-9
      6.65% Class B Credit Card Participation Certificates, Series 1995-9
  Floating Rate Class A Credit Card Participation Certificates, Series 1996-5
  Floating Rate Class B Credit Card Participation Certificates, Series 1996-5
  Floating Rate Class A Credit Card Participation Certificates, Series 1996-6
  Floating Rate Class B Credit Card Participation Certificates, Series 1996-6
  Floating Rate Class A Credit Card Participation Certificates, Series 1997-4
  Floating Rate Class B Credit Card Participation Certificates, Series 1997-4
   Zero Coupon Class A Credit Card Participation Certificates, Series 1997-6
   Zero Coupon Class B Credit Card Participation Certificates, Series 1997-6


                                                       [Cover page 1 of 2 pages]


<PAGE>

      6.05% Class A Credit Card Participation Certificates, Series 1998-2
      6.20% Class B Credit Card Participation Certificates, Series 1998-2
      5.30% Class A Credit Card Participation Certificates, Series 1998-9
      5.55% Class B Credit Card Participation Certificates, Series 1998-9
      5.50% Class A Credit Card Participation Certificates, Series 1999-1
      5.75% Class B Credit Card Participation Certificates, Series 1999-1
      5.875% Class A Credit Card Participation Certificates, Series 1999-2
      6.150% Class B Credit Card Participation Certificates, Series 1999-2
      6.10% Class A Credit Card Participation Certificates, Series 1999-5
      6.30% Class B Credit Card Participation Certificates, Series 1999-5
      6.65% Class A Credit Card Participation Certificates, Series 1999-7
      6.90% Class B Credit Card Participation Certificates, Series 1999-7
               Credit Card Participation Certificate, Series 2000
                       (collectively, the "Certificates"))

               (Exact name of registrant as specified in charter)


     United States of America                          46-0358360
     -------------------------                    -------------------
      (State or other juris-                        (I.R.S. Employer
     diction of incorporation)                    Identification No.)


      33-41055, 33-43576, 33-62180, 33-77802, 33-84834,33-97664, 33-99328,
            333-38803, 333-80743, 333-52984, 333-91326 and 333-103013

                            (Commission File Numbers)

         701 East 60th Street, North
           Sioux Falls, South Dakota                      57117
   -------------------------------------------          ----------
     (Address of principal executive offices)           (Zip Code)

       Registrant's telephone number, including area code: (605) 331-2626

                                 Not Applicable

          (Former name or former address, if changed since last report)


                                                       [Cover page 2 of 2 pages]


<PAGE>

Item 5.  Other Events.

         The following information relates to the credit card receivables owned
by Citibank Credit Card Master Trust I and the related credit card accounts.
Some of the terms used herein are used as defined in the Glossary of Terms at
the end of this Report.

Loss and Delinquency Experience

         The following table sets forth the loss experience for cardholder
payments on the credit card accounts for each of the periods shown. Losses
consist of write-offs of principal receivables. These losses are presented below
on a cash basis. If accrued finance charge receivables that have been written
off were included in losses, Net Losses would be higher as an absolute number
and as a percentage of the average of principal and finance charge receivables
outstanding during the periods indicated. Average Principal Receivables
Outstanding is the average of principal receivables outstanding during the
periods indicated. The percentage reflected for the six months ended June 30,
2003 is an annualized number. There can be no assurance that the loss experience
for the receivables in the future will be similar to the historical experience
set forth below.


                        Loss Experience for the Accounts
                             (Dollars in Thousands)


                             Six Months         Year Ended December 31,
                               Ended
                            June 30, 2003    2002          2001         2000
                            -------------    ----          ----         ----

Average Principal
 Receivables Outstanding... $75,098,018   $64,285,548   $55,438,042  $48,929,967

Net Losses.................  $2,338,496    $3,588,849    $2,496,412   $1,804,942

Net Losses as a Percentage
 of Average Principal
 Receivables Outstanding...       6.28%         5.58%         4.50%        3.71%



         Net losses as a percentage of gross charge-offs for the first six
months of 2003 were 93.36% and for each of the years ended December 31, 2002,
2001, and 2000 were 92.63% 88.70% and 87.65% respectively. Gross charge-offs are
charge-offs before recoveries and do not include the amount of any reductions in
Average Principal Receivables Outstanding due to fraud, returned goods, customer
disputes or various other miscellaneous write-offs.


         The following table sets forth the delinquency experience for
cardholder payments on the credit card accounts for each of the periods shown.
The Delinquent Amount includes both principal receivables and finance charge
receivables. The percentages are the result of dividing the Delinquent Amount by
the average of principal and finance charge receivables outstanding during the
periods indicated. There can be no assurance that the delinquency experience for
the


                                       3

<PAGE>

receivables in the future will be similar to the historical experience set
forth below.


<TABLE>
<CAPTION>
                  Delinquencies as a Percentage of the Accounts
                             (Dollars in Thousands)


                                                                              As of December 31,

                               As of
                          June 30, 2003                   2002                        2001                        2000
                          -------------                   ----                        ----                        ----

Number of Days        Delinquent                 Delinquent                   Delinquent                 Delinquent
Delinquent              Amount     Percentage      Amount      Percentage      Amount      Percentage      Amount       Percentage
----------              ------     ----------      ------      ----------      ------      ----------      ------       ----------
<S>                      <C>         <C>            <C>           <C>           <C>           <C>            <C>           <C>

35-64 days........   $1,032,626      1.35%      $1,080,847        1.66%     $  955,863        1.70%      $  814,410        1.64%
65-94 days........      721,532      0.95          743,485        1.14         631,073        1.12          469,595        0.95
95 days or more...    1,518,923      1.99        1,494,694        2.29       1,067,318        1.90          709,346        1.43
                      ---------      ----        ---------        ----       ---------        ----          -------        ----
Total.............   $3,273,081      4.29%      $3,319,026        5.09%     $2,654,254        4.72%      $1,993,351        4.02%

</TABLE>


Revenue Experience

         The revenues for the credit card accounts from finance charges, fees
paid by cardholders and interchange for the six months ended June 30, 2003 and
for each year of the three-year period ended December 31, 2002 are set forth in
the following table.

         The revenue experience in this table is presented on a cash basis
before deduction for charge-offs. Average Revenue Yield is the result of
dividing Finance Charges and Fees Paid by Average Principal Receivables
Outstanding during the periods indicated. The percentage for the six months
ended June 30, 2003 is an annualized number. Revenues from finance charges, fees
and interchange will be affected by numerous factors, including the periodic
finance charge on the credit card receivables, the amount of any annual
membership fee, other fees paid by cardholders, the percentage of cardholders
who pay off their balances in full each month and do not incur periodic finance
charges on purchases, the percentage of credit card accounts bearing finance
charges at promotional rates and changes in the level of delinquencies on the
receivables.


                                       4


<PAGE>

                       Revenue Experience for the Accounts
                             (Dollars in Thousands)


                                  Six Months       Year Ended December 31,
                                    Ended
                                 June 30, 2003     2002       2001       2000
                                 -------------     ----       ----       ----

Finance Charges and Fees Paid... $5,523,568   $9,739,411  $8,807,834  $8,096,143
Average Revenue Yield ..........     14.83%       15.15%      15.89%     16.64%

         The revenues from periodic finance charges and fees -- other than
annual fees -- depend in part upon the collective preference of cardholders to
use their credit cards as revolving debt instruments for purchases and cash
advances and to pay account balances over several months -- as opposed to
convenience use, where cardholders pay off their entire balance each month,
thereby avoiding periodic finance charges on their purchases -- and upon other
card-related services for which the cardholder pays a fee. Revenues from
periodic finance charges and fees also depend on the types of charges and fees
assessed on the credit card accounts. Accordingly, revenues will be affected by
future changes in the types of charges and fees assessed on the accounts and in
the types of additional accounts added from time to time. These revenues could
be adversely affected by future changes in fees and charges assessed on the
accounts and other factors.

Cardholder Monthly Payment Rates

         Monthly payment rates on the credit card receivables may vary because,
among other things, a cardholder may fail to make a required payment, may only
make the minimum required payment or may pay the entire outstanding balance.
Monthly payment rates on the receivables may also vary due to seasonal
purchasing and payment habits of cardholders. The following table sets forth the
highest and lowest cardholder monthly payment rates for the credit card accounts
during any month in the periods shown and the average of the cardholder monthly
payment rates for all months during the periods shown, in each case calculated
as a percentage of the total beginning account balances for that month.

         Monthly payment rates include amounts that would be deemed payments of
principal receivables and finance charge receivables with respect to the
accounts. In addition, the amount of outstanding receivables and the rates of
payments, delinquencies, charge-offs and new borrowings on the accounts depend
on a variety of factors including seasonal variations, the availability of other
sources of credit, general economic conditions, tax laws, consumer spending and
borrowing patterns and the terms of the accounts, which may change.


                                       5


<PAGE>

                Cardholder Monthly Payment Rates for the Accounts


                              Six Months        Year Ended December 31,
                                Ended
                            June 30, 2003     2002       2001      2000
                            -------------     ----       ----      ----

Lowest Month..............      16.17%       16.29%     17.43%    18.90%
Highest Month.............      19.23%       20.35%     21.37%    23.03%
Average of the Months
 in the Period............      17.60%       18.43%     19.66%    20.72%

Interchange

         Creditors participating in the MasterCard International and VISA
associations receive interchange as partial compensation for taking credit risk,
absorbing fraud losses and funding receivables for a limited period before
initial billing. Under the MasterCard International and VISA systems, a portion
of this interchange in connection with cardholder charges for merchandise and
services is passed from banks which clear the transactions for merchants to
credit card-issuing banks. Interchange ranges from approximately 1% to 2% of the
transaction amount. Citibank (South Dakota) is required to transfer to the
master trust interchange attributed to cardholder charges for merchandise and
services in the accounts. In general, interchange is allocated to the master
trust on the basis of the ratio that the amount of cardholder charges for
merchandise and services in the accounts bears to the total amount of cardholder
charges for merchandise and services in the portfolio of credit card accounts
maintained by Citibank (South Dakota). MasterCard International and VISA may
change the amount of interchange reimbursed to banks issuing their credit cards.

The Credit Card Receivables

         The receivables in the credit card accounts as of June 30, 2003
included $1,088,227,930 of finance charge receivables and $77,208,707,839 of
principal receivables -- which amounts include overdue finance charge
receivables and overdue principal receivables. As of June 30, 2003, there were
61,514,096 accounts. Included within the accounts are inactive accounts that
have no balance. The accounts had an average principal receivable balance of
$1,255 and an average credit limit of $7,505. The average principal receivable
balance in the accounts as a percentage of the average credit limit with respect
to the accounts was 17%. Approximately 92% of the accounts were opened before
June 2001. Of the accounts, approximately 12.77% related to cardholders with
billing addresses in California, 9.25% in New York, 6.36% in Texas, 6.07% in
Florida, and 5.03% in Pennsylvania. Not more than 5% of the accounts related to
cardholders having billing addresses in any other single state.

         The credit card accounts include receivables which, in accordance with
the servicer's normal servicing policies, were charged-off as uncollectible
before they were added to the master trust. However, for purposes of calculation
of the amount of principal receivables and finance charge receivables in the
master trust for any date, the balance of the charged-off receivables is zero
and the master trust owns only the right to receive recoveries on these
receivables.

         The following tables summarize the credit card accounts by various
criteria as of June 30, 2003. References to "Receivables Outstanding" in these
tables include both finance charge receivables and principal receivables.
Because the composition of the accounts will change in the


                                       6


<PAGE>

future, these tables are not necessarily indicative of the future composition of
the accounts.

         Credit balances presented in the following table are a result of
cardholder payments and credit adjustments applied in excess of a credit card
account's unpaid balance. Accounts which have a credit balance are included
because receivables may be generated in these accounts in the future. Credit
card accounts which have no balance are included because receivables may be
generated in these accounts in the future.


<TABLE>
<CAPTION>

                   Composition of Accounts by Account Balance

                                             Percentage                     Percentage
                                              of Total                       of Total
                                  Number of   Number of    Receivables      Receivables
        Account Balance           Accounts    Accounts     Outstanding      Outstanding
        ---------------           --------    --------     -----------      -----------
              <S>                    <C>        <C>           <C>               <C>

Credit Balance.................    472,038     0.77%       $(86,006,579)      -0.11%
No Balance .................... 39,647,566    64.45                   0        0.00
Less than or equal to $500.00..  5,349,583     8.70         931,823,450        1.19
$500.01 to $1,000.00...........  2,130,895     3.46       1,568,730,282        2.00
$1,000.01 to $2,000.00.........  2,848,364     4.63       4,194,771,029        5.36
$2,000.01 to $3,000.00.........  2,133,938     3.47       5,303,538,970        6.77
$3,000.01 to $4,000.00.........  1,714,738     2.79       5,979,852,147        7.64
$4,000.01 to $5,000.00.........  1,475,073     2.40       6,635,983,718        8.48
$5,000.01 to $6,000.00.........  1,177,883     1.91       6,463,547,702        8.26
$6,000.01 to $7,000.00.........    957,027     1.56       6,206,938,442        7.93
$7,000.01 to $8,000.00.........    762,819     1.24       5,707,127,844        7.29
$8,000.01 to $9,000.00.........    596,721     0.97       5,062,032,893        6.47
$9,000.01 to $10,000.00........    476,403     0.77       4,518,158,790        5.77
Over $10,000.00................  1,771,048     2.88      25,810,437,081       32.95
                                 ----------    ----      --------------       -----

   Total....................... 61,514,096   100.00%    $78,296,935,769      100.00%

</TABLE>


                                       7


<PAGE>

<TABLE>
<CAPTION>


                     Composition of Accounts by Credit Limit

                                                     Percentage                        Percentage
                                                       of Total                          of Total
                                        Number of     Number of      Receivables       Receivables
         Credit Limit                   Accounts      Accounts       Outstanding       Outstanding
         ------------                   --------      --------       -----------       ------------
              <S>                          <C>          <C>               <C>               <C>
Less than or equal to $500.00.....      3,274,084       5.32%      $  40,043,094          0.05%
$500.01 to $1,000.00..............      2,529,275       4.11%        219,518,052          0.28%
$1,000.01 to $2,000.00............      5,101,281       8.29%      1,055,192,170          1.35%
$2,000.01 to $3,000.00............      4,569,397       7.43%      1,774,856,716          2.27%
$3,000.01 to $4,000.00............      3,812,444       6.20%      2,170,904,100          2.77%
$4,000.01 to $5,000.00............      6,114,520       9.94%      3,697,410,789          4.72%
$5,000.01 to $6,000.00............      4,880,751       7.93%      3,621,874,870          4.63%
$6,000.01 to $7,000.00............      4,455,542       7.24%      4,071,816,310          5.20%
$7,000.01 to $8,000.00............      4,396,130       7.15%      4,330,537,304          5.53%
$8,000.01 to $9,000.00............      3,580,997       5.82%      4,225,234,584          5.40%
$9,000.01 to $10,000.00...........      3,567,970       5.80%      4,487,439,174          5.73%
$10,000.01 to $15,000.00..........      9,165,638      14.90%     18,118,472,090         23.14%
Over $15,000.00...................      6,066,067       9.87%     30,483,636,516         38.93%
                                        ---------       -----     --------------         ------

   Total..........................     61,514,096     100.00%    $78,296,935,769        100.00%

</TABLE>


         Accounts presented in the table below as "Current" include accounts on
which the minimum payment has not been received before the next billing date
following the issuance of the related bill.


<TABLE>
<CAPTION>

                    Composition of Accounts by Payment Status

                                             Percentage                      Percentage
                                              of Total                        Of Total
                                 Number of    Number of     Receivables      Receivables
         Payment Status          Accounts     Accounts      Outstanding      Outstanding
         --------------          --------     --------      -----------      -----------
              <S>                   <C>         <C>             <C>              <C>
Current.....................   60,170,963      97.81%    $71,881,059,682       91.81%
Up to 34 days delinquent....      724,311       1.18       3,142,795,906        4.01
35 to 64 days delinquent....      224,071       0.36       1,032,625,584        1.32
65 to 94 days delinquent....      135,193       0.22         721,531,752        0.92
95 to 124 days delinquent...      103,073       0.17         589,680,388        0.75
125 to 154 days delinquent..       84,004       0.14         492,659,405        0.63
155 to 184 days delinquent..       72,481       0.12         436,583,052        0.56
                                   ------       ----         -----------        ----

   Total....................   61,514,096     100.00%    $78,296,935,769      100.00%

</TABLE>


                                       8


<PAGE>

<TABLE>
<CAPTION>

                         Composition of Accounts by Age

                                               Percentage                      Percentage
                                                of Total                        of Total
                                    Number of   Number of     Receivables      Receivables
         Age                         Accounts   Accounts      Outstanding     Outstanding
         ---                         --------   --------      -----------     -----------
         <S>                           <C>        <C>             <C>              <C>
Less than or equal to 6 months...       7,105    0.01%         $9,580,892         0.01%
Over 6 months to 12 months.......     473,649    0.77         735,953,233         0.94
Over 12 months to 24 months......   4,586,373    7.46       6,727,735,727         8.59
Over 24 months to 36 months......   4,672,148    7.60       8,202,358,798        10.48
Over 36 months to 48 months......   4,924,233    8.01       7,400,891,526         9.45
Over 48 months...................  46,850,588   76.15      55,220,415,593        70.53
                                   ----------   -----      --------------        -----
   Total.........................  61,514,096  100.00%    $78,296,935,769       100.00%

</TABLE>



Billing and Payments

         The credit card accounts have different billing and payment structures,
including different periodic finance charges and fees. The following information
reflects the current billing and payment characteristics of the accounts.

         Each month, billing statements are sent to cardholders who had activity
during the immediately preceding billing period. To the extent a cardholder has
a balance due, the cardholder must make a minimum payment equal to the sum of

         (1)  the amount which is past due plus any amount which is in excess of
              the credit limit,

         (2)  if the account is a combined credit card and a separate AT&T
              calling card, the sum of all calling transactions posted to the
              account in the current billing period, and

         (3)  for most accounts, the new balance on the billing statement if it
              is less than $20, or $20, if the new balance is at least $20 and
              not greater than $960, or if the new balance exceeds $960, 1/48th
              of the new balance; for a small portion of the accounts, the
              greater of $15 and 2% of the balance due.

The required minimum payment, however, cannot be less than the finance charges
billed. For most accounts, if the minimum payment due equals the finance charges
billed or if any balance has a rate of more than 19.99% imposed on it, $5 will
be added to the minimum due.

         A periodic finance charge is imposed on the credit card accounts. The
periodic finance charge imposed on balances for purchases and cash advances for
a majority of the accounts is calculated by multiplying (1) the daily balances
for each day during the billing cycle by (2) the applicable daily periodic
finance charge rate, and summing the results for each day in the billing period.
The daily balance is calculated by taking the previous day's balance, adding any
new purchases or cash advances and fees, adding the daily finance charge on the
previous day's balance, and subtracting any payments or credits. Cash advances
are included in the daily balance from the date the advances are made. Purchases
are included in the daily balance generally from the date of purchase. Periodic
finance charges are not imposed in most circumstances on


                                       9


<PAGE>

purchase amounts if all balances shown in the previous billing statement are
paid in full by the due date indicated on the statement.

         No finance charge is imposed on calling card transactions in the
billing cycle in which the transactions are posted to the account. The
receivables represented by these charges are not part of the master trust's
assets. However, any charge for calling card transactions that is not paid by
the payment due date on the monthly statement in which it is billed is added to
the daily balance of purchases on the first day of the next billing cycle. These
unpaid calling card transactions, and any finance charges on these unpaid
transactions, then become receivables that are part of the master trust's
assets.

         The periodic finance charge imposed on balances in most credit card
accounts for purchases is currently the Prime Rate, as published in The Wall
Street Journal, plus a percentage ranging from 4.99% to 11.99%. As of the most
recent monthly reset date, the periodic finance charge on balances in most
accounts for purchases ranged from 8.99% to 15.99%. The periodic finance charge
imposed on balances in most credit card accounts for cash advances is currently
the greater of 19.99% or the sum of the Prime Rate and 14.99%. If a cardholder
defaults under their credit card agreement, the periodic finance charge assessed
on all balances in their account can be increased to the Prime Rate plus up to
23.99%. Promotional rates of limited duration are offered from time to time to
attract new cardholders and to promote balance transfers from other credit card
issuers and the periodic finance charge on a limited number of accounts may be
greater or less than those generally assessed on the accounts.

         The periodic finance charge on accounts may be changed at any time by
providing prior written notice to cardholders. Any increase in the finance
charge will become effective upon the earlier of subsequent use of a card and
the expiration of a 25-day period from the date the change was made effective --
assuming failure on the part of the cardholder to object to the new rate.

         Most of the accounts are subject to additional fees, including:

        o     a late fee if the cardholder does not make the required
              minimum payment by the payment date shown on the monthly
              billing statement, which fee is assessed monthly until the
              account is less than 30 days past due. The late fee is $15 on
              balances up to $100, $25 on balances of $100 up to $1,000 and
              $35 on balances of $1,000 and over;

        o     a cash advance fee which is generally equal to 3.0% of the
              amount of the cash advance, subject to a minimum fee of $5;

        o     a balance transfer fee of 3.0% of the amount transferred to the
              account, subject to a minimum fee of $5 and a maximum fee of $50;

        o     a returned payment fee of $29;

        o     a returned check fee of $29;

        o     a stop payment fee of $29; and


                                       10


<PAGE>

        o     a fee of $35 for each billing period with respect to each
              account with an outstanding balance over the credit limit
              established for that account.

There can be no assurance that periodic finance charges, fees and other charges
will remain at current levels in the future.

         Payments by cardholders on the accounts are processed and applied first
to all minimum amounts due. Payments in excess of the minimum amount due are
applied to balances associated with low periodic rates before balances
associated with higher periodic rates.

Lump Additions and Removals

         Citibank (South Dakota), National Association transferred
$2,793,161,738 of credit card receivables to Citibank Credit Card Master Trust I
in a lump addition on April 26, 2003. The receivables consisted of
$2,765,035,614 of principal receivables and $28,126,124 of finance charge
receivables.

         Citibank (South Dakota), National Association transferred
$2,265,152,010 of credit card receivables to Citibank Credit Card Master Trust I
in a lump addition on May 24, 2003. The receivables consisted of $2,234,096,925
of principal receivables and $31,055,085 of finance charge receivables.

         Citibank (South Dakota), National Association and Citibank (Nevada),
National Association removed $1,321,100,299 of credit card receivables from
Citibank Credit Card Master Trust I in a lump removal on June 14, 2003. The
removed receivables consisted of $1,303,538,012 of principal receivables and
$17,562,287 of finance charge receivables.


                                       11


<PAGE>

                                GLOSSARY OF TERMS

"accounts" means the portfolio of revolving credit card accounts established and
supplemented in accordance with the pooling and servicing agreement.

"additional accounts" consist of newly originated eligible accounts to be
included as accounts and accounts relating to any lump sum additions.

"Banks" means Citibank (South Dakota), National Association, a national banking
association, and Citibank (Nevada), National Association, a national banking
association.

"eligible accounts" An "eligible account" is defined to mean a revolving credit
card account owned by Citibank (South Dakota), any additional seller or any
other affiliate thereof which, as of the master trust cut-off date with respect
to an initial account or as of the additional cut-off date with respect to an
additional account: (a) is in existence and maintained by Citibank (South
Dakota), the additional seller or the other affiliate; (b) is payable in United
States dollars; (c) in the case of the initial accounts, has a cardholder who
has provided, as his most recent billing address, an address located in the
United States or its territories or possessions or a military address; (d) has a
cardholder who has not been identified by Citibank (South Dakota), the
additional seller or the other affiliate in its computer files as being involved
in a voluntary or involuntary bankruptcy proceeding; (e) has not been identified
as an account with respect to which the related card has been lost or stolen;
(f) has not been sold or pledged to any other party except for any sale to any
seller, additional seller or other affiliate; (g) does not have receivables
which have been sold or pledged to any other party other than any sale to any
seller, additional seller or other affiliate; and (h) in the case of the initial
accounts, is a VISA or MasterCard revolving credit card account.

"finance charge receivables" consist of all periodic finance charges, annual
membership fees, cash advance fees and late charges on amounts charged for
merchandise and services and some other fees designated by the Banks. In
addition, some interchange attributed to cardholder charges for merchandise and
services in the accounts will be treated as finance charge receivables.

"interchange" means interchange fees payable to Citibank (South Dakota) or any
additional seller or other affiliate which has designated accounts to the master
trust, in its capacity as credit card issuer, through VISA, Mastercard or any
other similar entity or organization with respect to any other type of revolving
credit card accounts included as accounts (except as otherwise provided in the
initial assignment with respect to any such other type of accounts), in
connection with cardholder charges for goods and services.

"lump sum addition" means the designation of additional eligible accounts to be
included as accounts pursuant to Section 2.09(a) or (b) of the pooling and
servicing agreement.

"master trust" means Citibank Credit Card Master Trust I.


                                       12


<PAGE>

"pooling and servicing agreement" means the Amended and Restated Pooling and
Servicing Agreement dated as of October 5, 2001, among the Banks and Deutsche
Bank Trust Company Americas (formerly Bankers Trust Company), as trustee,
including all amendments thereto.

"principal receivables" consist of all amounts charged by cardholders for
merchandise and services, amounts advanced to cardholders as cash advances and
some fees billed to cardholders on the accounts.

"receivables" means all amounts shown on the servicer's records as amounts
payable by the person or persons obligated to make payments with respect to the
accounts.

"Receivables Outstanding" as defined on page 6.


                                       13


<PAGE>

                                   SIGNATURES
                                   ----------

               Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                              CITIBANK (SOUTH DAKOTA),
                              NATIONAL ASSOCIATION,
                              as Servicer
                              (Registrant)


                              By:/s/ Douglas C. Morrison
                                 ------------------------
                                     Douglas C. Morrison
                                     Vice President


Dated: August 29, 2003



                                       14
[{"type": "8-K", "sequence": "1", "filename": "august-8k.txt", "description": "FORM8K", "secsgml_size_bytes": 35562}]
[{"company-data": {"conformed-name": "CITIBANK CREDIT CARD ISSUANCE TRUST", "cik": "0001108348", "assigned-sic": "6189", "irs-number": "460358360", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-52984-03", "film-number": "03876716"}, "business-address": {"street1": "C/O CITIBANK SOUTH DAKOTA NA", "street2": "701 EAST 60TH STREET NORTH", "city": "SIOUX FALLS", "state": "SD", "zip": "57117", "phone": "6053312626"}}, {"company-data": {"conformed-name": "CITIBANK CREDIT CARD MASTER TRUST I", "cik": "0000921864", "assigned-sic": "6189", "irs-number": "460358360", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-80743-02", "film-number": "03876717"}, "business-address": {"street1": "701 E 60TH STREET NORTH", "city": "SIOUX FALLS", "state": "SD", "zip": "57117", "phone": "6053312626"}, "former-company": {"former-conformed-name": "STANDARD CREDIT CARD MASTER TRUST I", "date-changed": "19940419"}}, {"company-data": {"conformed-name": "CITIBANK NEVADA NATIONAL ASSOCIATION", "cik": "0000839948", "assigned-sic": "6189", "irs-number": "880202961", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-24657-01", "film-number": "03876718"}, "business-address": {"street1": "701 EAST 60TH STREET, NORTH", "city": "SIOUX FALLS", "state": "SD", "zip": "57117", "phone": "7027974444"}, "mail-address": {"street1": "8725 WEST SAHARA AVENUE", "city": "LAS VEGAS", "state": "NV", "zip": "89163"}}, {"company-data": {"conformed-name": "CITIBANK SOUTH DAKOTA N A", "cik": "0000839947", "assigned-sic": "6189", "irs-number": "460358360", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-17797", "film-number": "03876719"}, "business-address": {"street1": "425 PARK AVE.", "street2": "2ND FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10043", "phone": "6053312626"}, "mail-address": {"street1": "CITIBANK N A LEGAL AFFAIRS OFFICE", "street2": "425 PARK AVENUE 2ND FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10043"}}]
SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 Current Report

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): August 29, 2003

                  Citibank (South Dakota), National Association
                                  on behalf of
                       Citibank Credit Card Master Trust I
          (Issuer in respect of the Citibank Credit Card Master Trust I
      5.95% Class A Credit Card Participation Certificates, Series 1993-2
      6.15% Class B Credit Card Participation Certificates, Series 1993-2
      7.25% Class A Credit Card Participation Certificates, Series 1994-2
      7.50% Class B Credit Card Participation Certificates, Series 1994-2
      8.25% Class A Credit Card Participation Certificates, Series 1995-1
      8.45% Class B Credit Card Participation Certificates, Series 1995-1
      6.55% Class A Credit Card Participation Certificates, Series 1995-9
      6.65% Class B Credit Card Participation Certificates, Series 1995-9
  Floating Rate Class A Credit Card Participation Certificates, Series 1996-5
  Floating Rate Class B Credit Card Participation Certificates, Series 1996-5
  Floating Rate Class A Credit Card Participation Certificates, Series 1996-6
  Floating Rate Class B Credit Card Participation Certificates, Series 1996-6
  Floating Rate Class A Credit Card Participation Certificates, Series 1997-4
  Floating Rate Class B Credit Card Participation Certificates, Series 1997-4
   Zero Coupon Class A Credit Card Participation Certificates, Series 1997-6
   Zero Coupon Class B Credit Card Participation Certificates, Series 1997-6

                                                       [Cover page 1 of 2 pages]
6.05% Class A Credit Card Participation Certificates, Series 1998-2
      6.20% Class B Credit Card Participation Certificates, Series 1998-2
      5.30% Class A Credit Card Participation Certificates, Series 1998-9
      5.55% Class B Credit Card Participation Certificates, Series 1998-9
      5.50% Class A Credit Card Participation Certificates, Series 1999-1
      5.75% Class B Credit Card Participation Certificates, Series 1999-1
      5.875% Class A Credit Card Participation Certificates, Series 1999-2
      6.150% Class B Credit Card Participation Certificates, Series 1999-2
      6.10% Class A Credit Card Participation Certificates, Series 1999-5
      6.30% Class B Credit Card Participation Certificates, Series 1999-5
      6.65% Class A Credit Card Participation Certificates, Series 1999-7
      6.90% Class B Credit Card Participation Certificates, Series 1999-7
               Credit Card Participation Certificate, Series 2000
                       (collectively, the "Certificates"))

               (Exact name of registrant as specified in charter)

     United States of America                          46-0358360
     -------------------------                    -------------------
      (State or other juris-                        (I.R.S. Employer
     diction of incorporation)                    Identification No.)

      33-41055, 33-43576, 33-62180, 33-77802, 33-84834,33-97664, 33-99328,
            333-38803, 333-80743, 333-52984, 333-91326 and 333-103013

                            (Commission File Numbers)

         701 East 60th Street, North
           Sioux Falls, South Dakota                      57117
   -------------------------------------------          ----------
     (Address of principal executive offices)           (Zip Code)

       Registrant's telephone number, including area code: (605) 331-2626

                                 Not Applicable

          (Former name or former address, if changed since last report)

                                                       [Cover page 2 of 2 pages]
Item 5.  Other Events.

         The following information relates to the credit card receivables owned
by Citibank Credit Card Master Trust I and the related credit card accounts.
Some of the terms used herein are used as defined in the Glossary of Terms at
the end of this Report.

Loss and Delinquency Experience

         The following table sets forth the loss experience for cardholder
payments on the credit card accounts for each of the periods shown. Losses
consist of write-offs of principal receivables. These losses are presented below
on a cash basis. If accrued finance charge receivables that have been written
off were included in losses, Net Losses would be higher as an absolute number
and as a percentage of the average of principal and finance charge receivables
outstanding during the periods indicated. Average Principal Receivables
Outstanding is the average of principal receivables outstanding during the
periods indicated. The percentage reflected for the six months ended June 30,
2003 is an annualized number. There can be no assurance that the loss experience
for the receivables in the future will be similar to the historical experience
set forth below.

                        Loss Experience for the Accounts
                             (Dollars in Thousands)

                             Six Months         Year Ended December 31,
                               Ended
                            June 30, 2003    2002          2001         2000
                            -------------    ----          ----         ----

Average Principal
 Receivables Outstanding... $75,098,018   $64,285,548   $55,438,042  $48,929,967

Net Losses.................  $2,338,496    $3,588,849    $2,496,412   $1,804,942

Net Losses as a Percentage
 of Average Principal
 Receivables Outstanding...       6.28%         5.58%         4.50%        3.71%

         Net losses as a percentage of gross charge-offs for the first six
months of 2003 were 93.36% and for each of the years ended December 31, 2002,
2001, and 2000 were 92.63% 88.70% and 87.65% respectively. Gross charge-offs are
charge-offs before recoveries and do not include the amount of any reductions in
Average Principal Receivables Outstanding due to fraud, returned goods, customer
disputes or various other miscellaneous write-offs.

         The following table sets forth the delinquency experience for
cardholder payments on the credit card accounts for each of the periods shown.
The Delinquent Amount includes both principal receivables and finance charge
receivables. The percentages are the result of dividing the Delinquent Amount by
the average of principal and finance charge receivables outstanding during the
periods indicated. There can be no assurance that the delinquency experience for
the

                                       3
receivables in the future will be similar to the historical experience set
forth below.
Delinquencies as a Percentage of the Accounts
                             (Dollars in Thousands)

                                                                              As of December 31,

                               As of
                          June 30, 2003                   2002                        2001                        2000
                          -------------                   ----                        ----                        ----

Number of Days        Delinquent                 Delinquent                   Delinquent                 Delinquent
Delinquent              Amount     Percentage      Amount      Percentage      Amount      Percentage      Amount       Percentage
----------              ------     ----------      ------      ----------      ------      ----------      ------       ----------
35-64 days........   $1,032,626      1.35%      $1,080,847        1.66%     $  955,863        1.70%      $  814,410        1.64%
65-94 days........      721,532      0.95          743,485        1.14         631,073        1.12          469,595        0.95
95 days or more...    1,518,923      1.99        1,494,694        2.29       1,067,318        1.90          709,346        1.43
                      ---------      ----        ---------        ----       ---------        ----          -------        ----
Total.............   $3,273,081      4.29%      $3,319,026        5.09%     $2,654,254        4.72%      $1,993,351        4.02%
Revenue Experience

         The revenues for the credit card accounts from finance charges, fees
paid by cardholders and interchange for the six months ended June 30, 2003 and
for each year of the three-year period ended December 31, 2002 are set forth in
the following table.

         The revenue experience in this table is presented on a cash basis
before deduction for charge-offs. Average Revenue Yield is the result of
dividing Finance Charges and Fees Paid by Average Principal Receivables
Outstanding during the periods indicated. The percentage for the six months
ended June 30, 2003 is an annualized number. Revenues from finance charges, fees
and interchange will be affected by numerous factors, including the periodic
finance charge on the credit card receivables, the amount of any annual
membership fee, other fees paid by cardholders, the percentage of cardholders
who pay off their balances in full each month and do not incur periodic finance
charges on purchases, the percentage of credit card accounts bearing finance
charges at promotional rates and changes in the level of delinquencies on the
receivables.

                                       4
Revenue Experience for the Accounts
                             (Dollars in Thousands)

                                  Six Months       Year Ended December 31,
                                    Ended
                                 June 30, 2003     2002       2001       2000
                                 -------------     ----       ----       ----

Finance Charges and Fees Paid... $5,523,568   $9,739,411  $8,807,834  $8,096,143
Average Revenue Yield ..........     14.83%       15.15%      15.89%     16.64%

         The revenues from periodic finance charges and fees -- other than
annual fees -- depend in part upon the collective preference of cardholders to
use their credit cards as revolving debt instruments for purchases and cash
advances and to pay account balances over several months -- as opposed to
convenience use, where cardholders pay off their entire balance each month,
thereby avoiding periodic finance charges on their purchases -- and upon other
card-related services for which the cardholder pays a fee. Revenues from
periodic finance charges and fees also depend on the types of charges and fees
assessed on the credit card accounts. Accordingly, revenues will be affected by
future changes in the types of charges and fees assessed on the accounts and in
the types of additional accounts added from time to time. These revenues could
be adversely affected by future changes in fees and charges assessed on the
accounts and other factors.

Cardholder Monthly Payment Rates

         Monthly payment rates on the credit card receivables may vary because,
among other things, a cardholder may fail to make a required payment, may only
make the minimum required payment or may pay the entire outstanding balance.
Monthly payment rates on the receivables may also vary due to seasonal
purchasing and payment habits of cardholders. The following table sets forth the
highest and lowest cardholder monthly payment rates for the credit card accounts
during any month in the periods shown and the average of the cardholder monthly
payment rates for all months during the periods shown, in each case calculated
as a percentage of the total beginning account balances for that month.

         Monthly payment rates include amounts that would be deemed payments of
principal receivables and finance charge receivables with respect to the
accounts. In addition, the amount of outstanding receivables and the rates of
payments, delinquencies, charge-offs and new borrowings on the accounts depend
on a variety of factors including seasonal variations, the availability of other
sources of credit, general economic conditions, tax laws, consumer spending and
borrowing patterns and the terms of the accounts, which may change.

                                       5
Cardholder Monthly Payment Rates for the Accounts

                              Six Months        Year Ended December 31,
                                Ended
                            June 30, 2003     2002       2001      2000
                            -------------     ----       ----      ----

Lowest Month..............      16.17%       16.29%     17.43%    18.90%
Highest Month.............      19.23%       20.35%     21.37%    23.03%
Average of the Months
 in the Period............      17.60%       18.43%     19.66%    20.72%

Interchange

         Creditors participating in the MasterCard International and VISA
associations receive interchange as partial compensation for taking credit risk,
absorbing fraud losses and funding receivables for a limited period before
initial billing. Under the MasterCard International and VISA systems, a portion
of this interchange in connection with cardholder charges for merchandise and
services is passed from banks which clear the transactions for merchants to
credit card-issuing banks. Interchange ranges from approximately 1% to 2% of the
transaction amount. Citibank (South Dakota) is required to transfer to the
master trust interchange attributed to cardholder charges for merchandise and
services in the accounts. In general, interchange is allocated to the master
trust on the basis of the ratio that the amount of cardholder charges for
merchandise and services in the accounts bears to the total amount of cardholder
charges for merchandise and services in the portfolio of credit card accounts
maintained by Citibank (South Dakota). MasterCard International and VISA may
change the amount of interchange reimbursed to banks issuing their credit cards.

The Credit Card Receivables

         The receivables in the credit card accounts as of June 30, 2003
included $1,088,227,930 of finance charge receivables and $77,208,707,839 of
principal receivables -- which amounts include overdue finance charge
receivables and overdue principal receivables. As of June 30, 2003, there were
61,514,096 accounts. Included within the accounts are inactive accounts that
have no balance. The accounts had an average principal receivable balance of
$1,255 and an average credit limit of $7,505. The average principal receivable
balance in the accounts as a percentage of the average credit limit with respect
to the accounts was 17%. Approximately 92% of the accounts were opened before
June 2001. Of the accounts, approximately 12.77% related to cardholders with
billing addresses in California, 9.25% in New York, 6.36% in Texas, 6.07% in
Florida, and 5.03% in Pennsylvania. Not more than 5% of the accounts related to
cardholders having billing addresses in any other single state.

         The credit card accounts include receivables which, in accordance with
the servicer's normal servicing policies, were charged-off as uncollectible
before they were added to the master trust. However, for purposes of calculation
of the amount of principal receivables and finance charge receivables in the
master trust for any date, the balance of the charged-off receivables is zero
and the master trust owns only the right to receive recoveries on these
receivables.

         The following tables summarize the credit card accounts by various
criteria as of June 30, 2003. References to "Receivables Outstanding" in these
tables include both finance charge receivables and principal receivables.
Because the composition of the accounts will change in the

                                       6
future, these tables are not necessarily indicative of the future composition of
the accounts.

         Credit balances presented in the following table are a result of
cardholder payments and credit adjustments applied in excess of a credit card
account's unpaid balance. Accounts which have a credit balance are included
because receivables may be generated in these accounts in the future. Credit
card accounts which have no balance are included because receivables may be
generated in these accounts in the future.
Composition of Accounts by Account Balance

                                             Percentage                     Percentage
                                              of Total                       of Total
                                  Number of   Number of    Receivables      Receivables
        Account Balance           Accounts    Accounts     Outstanding      Outstanding
        ---------------           --------    --------     -----------      -----------
Credit Balance.................    472,038     0.77%       $(86,006,579)      -0.11%
No Balance .................... 39,647,566    64.45                   0        0.00
Less than or equal to $500.00..  5,349,583     8.70         931,823,450        1.19
$500.01 to $1,000.00...........  2,130,895     3.46       1,568,730,282        2.00
$1,000.01 to $2,000.00.........  2,848,364     4.63       4,194,771,029        5.36
$2,000.01 to $3,000.00.........  2,133,938     3.47       5,303,538,970        6.77
$3,000.01 to $4,000.00.........  1,714,738     2.79       5,979,852,147        7.64
$4,000.01 to $5,000.00.........  1,475,073     2.40       6,635,983,718        8.48
$5,000.01 to $6,000.00.........  1,177,883     1.91       6,463,547,702        8.26
$6,000.01 to $7,000.00.........    957,027     1.56       6,206,938,442        7.93
$7,000.01 to $8,000.00.........    762,819     1.24       5,707,127,844        7.29
$8,000.01 to $9,000.00.........    596,721     0.97       5,062,032,893        6.47
$9,000.01 to $10,000.00........    476,403     0.77       4,518,158,790        5.77
Over $10,000.00................  1,771,048     2.88      25,810,437,081       32.95
                                 ----------    ----      --------------       -----

   Total....................... 61,514,096   100.00%    $78,296,935,769      100.00%
7
Composition of Accounts by Credit Limit

                                                     Percentage                        Percentage
                                                       of Total                          of Total
                                        Number of     Number of      Receivables       Receivables
         Credit Limit                   Accounts      Accounts       Outstanding       Outstanding
         ------------                   --------      --------       -----------       ------------
Less than or equal to $500.00.....      3,274,084       5.32%      $  40,043,094          0.05%
$500.01 to $1,000.00..............      2,529,275       4.11%        219,518,052          0.28%
$1,000.01 to $2,000.00............      5,101,281       8.29%      1,055,192,170          1.35%
$2,000.01 to $3,000.00............      4,569,397       7.43%      1,774,856,716          2.27%
$3,000.01 to $4,000.00............      3,812,444       6.20%      2,170,904,100          2.77%
$4,000.01 to $5,000.00............      6,114,520       9.94%      3,697,410,789          4.72%
$5,000.01 to $6,000.00............      4,880,751       7.93%      3,621,874,870          4.63%
$6,000.01 to $7,000.00............      4,455,542       7.24%      4,071,816,310          5.20%
$7,000.01 to $8,000.00............      4,396,130       7.15%      4,330,537,304          5.53%
$8,000.01 to $9,000.00............      3,580,997       5.82%      4,225,234,584          5.40%
$9,000.01 to $10,000.00...........      3,567,970       5.80%      4,487,439,174          5.73%
$10,000.01 to $15,000.00..........      9,165,638      14.90%     18,118,472,090         23.14%
Over $15,000.00...................      6,066,067       9.87%     30,483,636,516         38.93%
                                        ---------       -----     --------------         ------

   Total..........................     61,514,096     100.00%    $78,296,935,769        100.00%
Accounts presented in the table below as "Current" include accounts on
which the minimum payment has not been received before the next billing date
following the issuance of the related bill.
Composition of Accounts by Payment Status

                                             Percentage                      Percentage
                                              of Total                        Of Total
                                 Number of    Number of     Receivables      Receivables
         Payment Status          Accounts     Accounts      Outstanding      Outstanding
         --------------          --------     --------      -----------      -----------
Current.....................   60,170,963      97.81%    $71,881,059,682       91.81%
Up to 34 days delinquent....      724,311       1.18       3,142,795,906        4.01
35 to 64 days delinquent....      224,071       0.36       1,032,625,584        1.32
65 to 94 days delinquent....      135,193       0.22         721,531,752        0.92
95 to 124 days delinquent...      103,073       0.17         589,680,388        0.75
125 to 154 days delinquent..       84,004       0.14         492,659,405        0.63
155 to 184 days delinquent..       72,481       0.12         436,583,052        0.56
                                   ------       ----         -----------        ----

   Total....................   61,514,096     100.00%    $78,296,935,769      100.00%
8
Composition of Accounts by Age

                                               Percentage                      Percentage
                                                of Total                        of Total
                                    Number of   Number of     Receivables      Receivables
         Age                         Accounts   Accounts      Outstanding     Outstanding
         ---                         --------   --------      -----------     -----------
Less than or equal to 6 months...       7,105    0.01%         $9,580,892         0.01%
Over 6 months to 12 months.......     473,649    0.77         735,953,233         0.94
Over 12 months to 24 months......   4,586,373    7.46       6,727,735,727         8.59
Over 24 months to 36 months......   4,672,148    7.60       8,202,358,798        10.48
Over 36 months to 48 months......   4,924,233    8.01       7,400,891,526         9.45
Over 48 months...................  46,850,588   76.15      55,220,415,593        70.53
                                   ----------   -----      --------------        -----
   Total.........................  61,514,096  100.00%    $78,296,935,769       100.00%
Billing and Payments

         The credit card accounts have different billing and payment structures,
including different periodic finance charges and fees. The following information
reflects the current billing and payment characteristics of the accounts.

         Each month, billing statements are sent to cardholders who had activity
during the immediately preceding billing period. To the extent a cardholder has
a balance due, the cardholder must make a minimum payment equal to the sum of

         (1)  the amount which is past due plus any amount which is in excess of
              the credit limit,

         (2)  if the account is a combined credit card and a separate AT&T
              calling card, the sum of all calling transactions posted to the
              account in the current billing period, and

         (3)  for most accounts, the new balance on the billing statement if it
              is less than $20, or $20, if the new balance is at least $20 and
              not greater than $960, or if the new balance exceeds $960, 1/48th
              of the new balance; for a small portion of the accounts, the
              greater of $15 and 2% of the balance due.

The required minimum payment, however, cannot be less than the finance charges
billed. For most accounts, if the minimum payment due equals the finance charges
billed or if any balance has a rate of more than 19.99% imposed on it, $5 will
be added to the minimum due.

         A periodic finance charge is imposed on the credit card accounts. The
periodic finance charge imposed on balances for purchases and cash advances for
a majority of the accounts is calculated by multiplying (1) the daily balances
for each day during the billing cycle by (2) the applicable daily periodic
finance charge rate, and summing the results for each day in the billing period.
The daily balance is calculated by taking the previous day's balance, adding any
new purchases or cash advances and fees, adding the daily finance charge on the
previous day's balance, and subtracting any payments or credits. Cash advances
are included in the daily balance from the date the advances are made. Purchases
are included in the daily balance generally from the date of purchase. Periodic
finance charges are not imposed in most circumstances on

                                       9
purchase amounts if all balances shown in the previous billing statement are
paid in full by the due date indicated on the statement.

         No finance charge is imposed on calling card transactions in the
billing cycle in which the transactions are posted to the account. The
receivables represented by these charges are not part of the master trust's
assets. However, any charge for calling card transactions that is not paid by
the payment due date on the monthly statement in which it is billed is added to
the daily balance of purchases on the first day of the next billing cycle. These
unpaid calling card transactions, and any finance charges on these unpaid
transactions, then become receivables that are part of the master trust's
assets.

         The periodic finance charge imposed on balances in most credit card
accounts for purchases is currently the Prime Rate, as published in The Wall
Street Journal, plus a percentage ranging from 4.99% to 11.99%. As of the most
recent monthly reset date, the periodic finance charge on balances in most
accounts for purchases ranged from 8.99% to 15.99%. The periodic finance charge
imposed on balances in most credit card accounts for cash advances is currently
the greater of 19.99% or the sum of the Prime Rate and 14.99%. If a cardholder
defaults under their credit card agreement, the periodic finance charge assessed
on all balances in their account can be increased to the Prime Rate plus up to
23.99%. Promotional rates of limited duration are offered from time to time to
attract new cardholders and to promote balance transfers from other credit card
issuers and the periodic finance charge on a limited number of accounts may be
greater or less than those generally assessed on the accounts.

         The periodic finance charge on accounts may be changed at any time by
providing prior written notice to cardholders. Any increase in the finance
charge will become effective upon the earlier of subsequent use of a card and
the expiration of a 25-day period from the date the change was made effective --
assuming failure on the part of the cardholder to object to the new rate.

         Most of the accounts are subject to additional fees, including:

        o     a late fee if the cardholder does not make the required
              minimum payment by the payment date shown on the monthly
              billing statement, which fee is assessed monthly until the
              account is less than 30 days past due. The late fee is $15 on
              balances up to $100, $25 on balances of $100 up to $1,000 and
              $35 on balances of $1,000 and over;

        o     a cash advance fee which is generally equal to 3.0% of the
              amount of the cash advance, subject to a minimum fee of $5;

        o     a balance transfer fee of 3.0% of the amount transferred to the
              account, subject to a minimum fee of $5 and a maximum fee of $50;

        o     a returned payment fee of $29;

        o     a returned check fee of $29;

        o     a stop payment fee of $29; and

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o     a fee of $35 for each billing period with respect to each
              account with an outstanding balance over the credit limit
              established for that account.

There can be no assurance that periodic finance charges, fees and other charges
will remain at current levels in the future.

         Payments by cardholders on the accounts are processed and applied first
to all minimum amounts due. Payments in excess of the minimum amount due are
applied to balances associated with low periodic rates before balances
associated with higher periodic rates.

Lump Additions and Removals

         Citibank (South Dakota), National Association transferred
$2,793,161,738 of credit card receivables to Citibank Credit Card Master Trust I
in a lump addition on April 26, 2003. The receivables consisted of
$2,765,035,614 of principal receivables and $28,126,124 of finance charge
receivables.

         Citibank (South Dakota), National Association transferred
$2,265,152,010 of credit card receivables to Citibank Credit Card Master Trust I
in a lump addition on May 24, 2003. The receivables consisted of $2,234,096,925
of principal receivables and $31,055,085 of finance charge receivables.

         Citibank (South Dakota), National Association and Citibank (Nevada),
National Association removed $1,321,100,299 of credit card receivables from
Citibank Credit Card Master Trust I in a lump removal on June 14, 2003. The
removed receivables consisted of $1,303,538,012 of principal receivables and
$17,562,287 of finance charge receivables.

                                       11
GLOSSARY OF TERMS

"accounts" means the portfolio of revolving credit card accounts established and
supplemented in accordance with the pooling and servicing agreement.

"additional accounts" consist of newly originated eligible accounts to be
included as accounts and accounts relating to any lump sum additions.

"Banks" means Citibank (South Dakota), National Association, a national banking
association, and Citibank (Nevada), National Association, a national banking
association.

"eligible accounts" An "eligible account" is defined to mean a revolving credit
card account owned by Citibank (South Dakota), any additional seller or any
other affiliate thereof which, as of the master trust cut-off date with respect
to an initial account or as of the additional cut-off date with respect to an
additional account: (a) is in existence and maintained by Citibank (South
Dakota), the additional seller or the other affiliate; (b) is payable in United
States dollars; (c) in the case of the initial accounts, has a cardholder who
has provided, as his most recent billing address, an address located in the
United States or its territories or possessions or a military address; (d) has a
cardholder who has not been identified by Citibank (South Dakota), the
additional seller or the other affiliate in its computer files as being involved
in a voluntary or involuntary bankruptcy proceeding; (e) has not been identified
as an account with respect to which the related card has been lost or stolen;
(f) has not been sold or pledged to any other party except for any sale to any
seller, additional seller or other affiliate; (g) does not have receivables
which have been sold or pledged to any other party other than any sale to any
seller, additional seller or other affiliate; and (h) in the case of the initial
accounts, is a VISA or MasterCard revolving credit card account.

"finance charge receivables" consist of all periodic finance charges, annual
membership fees, cash advance fees and late charges on amounts charged for
merchandise and services and some other fees designated by the Banks. In
addition, some interchange attributed to cardholder charges for merchandise and
services in the accounts will be treated as finance charge receivables.

"interchange" means interchange fees payable to Citibank (South Dakota) or any
additional seller or other affiliate which has designated accounts to the master
trust, in its capacity as credit card issuer, through VISA, Mastercard or any
other similar entity or organization with respect to any other type of revolving
credit card accounts included as accounts (except as otherwise provided in the
initial assignment with respect to any such other type of accounts), in
connection with cardholder charges for goods and services.

"lump sum addition" means the designation of additional eligible accounts to be
included as accounts pursuant to Section 2.09(a) or (b) of the pooling and
servicing agreement.

"master trust" means Citibank Credit Card Master Trust I.

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"pooling and servicing agreement" means the Amended and Restated Pooling and
Servicing Agreement dated as of October 5, 2001, among the Banks and Deutsche
Bank Trust Company Americas (formerly Bankers Trust Company), as trustee,
including all amendments thereto.

"principal receivables" consist of all amounts charged by cardholders for
merchandise and services, amounts advanced to cardholders as cash advances and
some fees billed to cardholders on the accounts.

"receivables" means all amounts shown on the servicer's records as amounts
payable by the person or persons obligated to make payments with respect to the
accounts.

"Receivables Outstanding" as defined on page 6.

                                       13
SIGNATURES
                                   ----------

               Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.

                              CITIBANK (SOUTH DAKOTA),
                              NATIONAL ASSOCIATION,
                              as Servicer
                              (Registrant)

                              By:/s/ Douglas C. Morrison
                                 ------------------------
                                     Douglas C. Morrison
                                     Vice President

Dated: August 29, 2003

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