Eighteen months into a two-year plan to rebuild its weakened capital base, Citicorp seems to be on target with a key goal: shedding "nonstrategic assets.

The nation's biggest bank company estimates that it has raised the equivalent of $1.6 billion of core capital through asset sales since January 1991. When newly issued equity and the effects of a dividend suspension are added in, Citicorp has pushed its Tier 1 capital ratio above the 4% benchmark.

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