Corbat added that sees 2011 as being more active because the market is recovering and asset valuations are making a rebound. Corbat said that mortgage prices and securities have risen and the cost of capital and financing has come down, which is driving valuations.

"The deal market has opened back up," Corbat said. "If you look at our pace of reduction out of the special asset pool over a quiet summer our team sold about $15 billion of assets in the third quarter. There is a good appetite in particular for yield and credit type assets. We have seen very good demand for our securities."

Investors shouldn't expect Citi Holdings to make any fire sales to take the assets off its balance sheet, says Corbat. He says the expectation is that Citi Holdings will be winding down assets for awhile.

"There are some long-maturity assets in there -- mortgages, student loans -- and people's expectations should be that some of those assets are going to be around for a relatively long time," he said. "When the market is willing to pay us the value of those assets we will happy to sell them."

--Written by Maria Woehr in New York.

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