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Department of Health and Human Services Awarded a Contract to CITIBANK, NATIONAL ASSOCIATION for $953,543.76

Signed on

12/31/2024, 12:00 AM

CITIBANK, NATIONAL ASSOCIATION Government Contract #75FCMC25C0002

CITIBANK, NATIONAL ASSOCIATION was awarded a contract with the United States Government for $953,543.76. The contract was awarded by the agency office OFC OF ACQUISITION AND GRANTS MGMT, which is a division with the Centers for Medicare and Medicaid Services within the Department of Health and Human Services.

Summary of Award

The recipient of the federal contract is Citibank, National Association, a U.S.-owned business in Sioux Falls, South Dakota, which operates in commercial banking. The contract, funded by the Department of Health and Human Services' Centers for Medicare and Medicaid Services, is for payment services related to disbursing Medicare payments and CMS demonstration projects, totaling $951,719.46. Notable transactions include a payment of $481,952.05 on May 14, 2025, and $469,767.41 on December 31, 2024.

Contract Details

Contract ID75FCMC25C0002
Contract TypeD
Total Obligation$951,719.46
Exercised Options$951,719.46
Base Amount + Options$953,543.76
Date Signed2024-12-31
Contract DescriptionTHE PURPOSE OF THIS CONTRACT IS TO PROVIDE PAYMENT SERVICES FOR CMS IN THE FOLLOWING TWO ARENAS: 1) TO DISBURSE MEDICARE PAYMENTS AUTHORIZED BY THE MACS, AND 2) TO DISBURSE PAYMENT FOR CMS DEMONSTRATION PROJECTS.
Start Date2025-01-01
End Date2025-12-31

Agency Details

Awarding AgencyDepartment of Health and Human Services
Awarding Sub AgencyCenters for Medicare and Medicaid Services
Awarding OfficeOFC OF ACQUISITION AND GRANTS MGMT
Funding AgencyDepartment of Health and Human Services
Funding Sub AgencyCenters for Medicare and Medicaid Services
Funding OfficeOFC OF ACQUISITION AND GRANTS MGMT

Recipient Details

RecipientCITIBANK, NATIONAL ASSOCIATION
Recipient Location701 E 60TH ST N SIOUX FALLS SOUTH DAKOTA, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00001$481,952.05May 14, 2025

Centers for Medicare and Medicaid Services, a sub agency of Department of Health and Human Services, issued a payment of $481,952.05 to CITIBANK, NATIONAL ASSOCIATION. The payment included a Subsidy Cost of $0.00.

Transaction #0$469,767.41December 31, 2024

Centers for Medicare and Medicaid Services, a sub agency of Department of Health and Human Services, issued a payment of $469,767.41 to CITIBANK, NATIONAL ASSOCIATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$5,007.75September 4, 2025

Centers for Medicare and Medicaid Services, a sub agency of Department of Health and Human Services, issued a payment of $5,007.75 to CITIBANK, NATIONAL ASSOCIATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00002$1,824.30July 1, 2025

Centers for Medicare and Medicaid Services, a sub agency of Department of Health and Human Services, issued a payment of $1,824.30 to CITIBANK, NATIONAL ASSOCIATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$481,952.05May 14, 2025

Centers for Medicare and Medicaid Services, a sub agency of Department of Health and Human Services, issued a payment of $481,952.05 to CITIBANK, NATIONAL ASSOCIATION. The payment included a Subsidy Cost of $0.00.

Transaction #0$469,767.41December 31, 2024

Centers for Medicare and Medicaid Services, a sub agency of Department of Health and Human Services, issued a payment of $469,767.41 to CITIBANK, NATIONAL ASSOCIATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$0.00December 31, 2025

Centers for Medicare and Medicaid Services, a sub agency of Department of Health and Human Services, issued a payment of $0.00 to CITIBANK, NATIONAL ASSOCIATION. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004$0.00October 1, 2025

Centers for Medicare and Medicaid Services, a sub agency of Department of Health and Human Services, issued a payment of $0.00 to CITIBANK, NATIONAL ASSOCIATION. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00003$5,007.75September 4, 2025

Centers for Medicare and Medicaid Services, a sub agency of Department of Health and Human Services, issued a payment of $5,007.75 to CITIBANK, NATIONAL ASSOCIATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00002$1,824.30July 1, 2025

Centers for Medicare and Medicaid Services, a sub agency of Department of Health and Human Services, issued a payment of $1,824.30 to CITIBANK, NATIONAL ASSOCIATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$481,952.05May 14, 2025

Centers for Medicare and Medicaid Services, a sub agency of Department of Health and Human Services, issued a payment of $481,952.05 to CITIBANK, NATIONAL ASSOCIATION. The payment included a Subsidy Cost of $0.00.

Transaction #0$469,767.41December 31, 2024

Centers for Medicare and Medicaid Services, a sub agency of Department of Health and Human Services, issued a payment of $469,767.41 to CITIBANK, NATIONAL ASSOCIATION. The payment included a Subsidy Cost of $0.00.