Citigroup Inc. released an outline Tuesday of its plans to spend the $45 billion it has received from the Treasury Department's Troubled Asset Relief Program.

The banking company described its intentions to spend $36.5 billion on mortgages, corporate, consumer and student loans, and credit cards. A special committee set up to review Tarp-related expenditures had to approve the investments in each category. Citi said it would report its uses of the Tarp money quarterly.

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