NEW YORK -- Moving to quash rumors about its financial problems, Citicorp said Tuesday that it will not have to boost reserves or writeoffs beyond previously expected levels.

In a tersely worded press release, the nation's largest banking company said that examiners from the Office of the Comptroller of the Currency have completed their annual review. "Credit writeoffs and loan-loss provisions for the fourth quarter are in line with management's expectations," it said.

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