急于擺脫“接受政府監(jiān)護(hù)”屈辱名聲的花旗集團(tuán)（Citigroup）正在研究制定一項(xiàng)計(jì)劃，以降低美國(guó)政府所持公司34%的股份。

　　據(jù)知情人士透露，花旗高管一直在商議制定計(jì)劃，可能發(fā)股籌資數(shù)十億美元；按照這一計(jì)劃，花旗將向公眾發(fā)行新股，而美國(guó)財(cái)政部將至少出售部分花旗股份。

　　知情人士稱，討論仍處于初步階段?；ㄆ焐形凑较蜇?cái)政部提出這一想法，但高管們預(yù)計(jì)很快就會(huì)這么做。據(jù)一位知情人士稱，花旗高管已經(jīng)與聯(lián)邦銀行監(jiān)管部門討論了他們的計(jì)劃。

　　美國(guó)財(cái)政部上周獲得了花旗77億股普通股。財(cái)政部通過(guò)轉(zhuǎn)換一部分所持的花旗優(yōu)先股獲得了這些股份。此前，政府向花旗注資450億美元獲得了這些優(yōu)先股。優(yōu)先股轉(zhuǎn)普通股的轉(zhuǎn)換方案是在春季達(dá)成的，當(dāng)時(shí)市場(chǎng)不斷質(zhì)疑花旗的資本充足率。

　　花旗計(jì)劃開始減少政府持股反映出華爾街正迅速走出金融危機(jī)最糟糕的時(shí)刻。這個(gè)問題可能還將初步試探出奧巴馬政府將如何在各種想法之間達(dá)到平衡；奧巴馬政府希望開始逐步結(jié)束政府對(duì)金融體系的廣泛干預(yù)舉措，但同時(shí)市場(chǎng)對(duì)銀行業(yè)整體，尤其是花旗集團(tuán)健康狀況的擔(dān)憂情緒揮之不去。

　　雖然花旗集團(tuán)過(guò)去兩個(gè)季度實(shí)現(xiàn)了凈收益，但該行仍在苦苦應(yīng)對(duì)不斷增長(zhǎng)的貸款違約，并仍然持有數(shù)百億美元難以出手以及高風(fēng)險(xiǎn)的資產(chǎn)。

　　甚至在財(cái)政部通過(guò)轉(zhuǎn)換獲得花旗股份之前，花旗高管就在考慮如何減少政府持股了。暫定的計(jì)劃是花旗和政府共同出售股份。知情人士稱，按照這一計(jì)劃，花旗將發(fā)售至多50億美元的新股，而政府也將同時(shí)出售金額未定的花旗股份。

　　花旗高管希望，最快能在第四季度實(shí)施這一發(fā)股計(jì)劃。知情人士透露，花旗可能會(huì)將售股所得用來(lái)贖回部分財(cái)政部所持的優(yōu)先股?；ㄆ旄吖鼙硎?，只有財(cái)政部也同意出售股份，公司才會(huì)發(fā)售股份。

　　花旗集團(tuán)和美國(guó)財(cái)政部拒絕對(duì)此置評(píng)。

　　如果美國(guó)政府出售部分花旗股份，那么納稅人將獲得投資回報(bào)。美國(guó)政府是以每股3.25美元的價(jià)格將所持的花旗優(yōu)先股轉(zhuǎn)化為普通股的?；ㄆ旃蓛r(jià)周一收盤報(bào)4.52美元。這意味著美國(guó)政府所持的77億股股份升值了大約98億美元。

　　Citigroup Inc.， eager to shed the stigma of being a ward of the state， is working on a plan to reduce the U.S. government's 34% stake.

　　Top Citigroup executives have been devising plans for a possible multibillion-dollar stock offering in which the New York company would issue new shares to the public， while the Treasury Department would sell at least a portion of its Citigroup holdings， according to people familiar with the matter.

　　The discussions remain preliminary， the people said. Citigroup hasn't yet officially pitched the idea to the Treasury Department， but executives expect to do so soon. Citigroup officials already have discussed their plans with federal banking regulators， said one person familiar with the matter.

　　The Treasury Department acquired 7.7 billion shares of Citigroup stock last week. The federal government got that stake in return for a chunk of its holdings of Citigroup preferred shares， which the Treasury received when it pumped $45 billion into Citigroup. The preferred-for-common conversion was agreed to last spring as doubts swirled about the adequacy of Citigroup's capital.

　　Citigroup's expected request to start trimming the government stake reflects Wall Street's rapid rebound from the dark days of the financial crisis. It also could prove an early test of how the Obama administration balances its desire to start winding down the government's vast interventions into the financial system against continued concerns about the health of the banking industry in general and Citigroup in particular.

　　While Citigroup has reported net income for the last two quarters， the company still is struggling with swelling loan defaults and continues to hold tens of billions of dollars of unwanted and risky assets.

　　Even before the Treasury Department got the Citigroup shares， executives were examining how to shrink the government's stake. The tentative aim is for a joint stock sale. Under this scenario， Citigroup would issue as much as $5 billion in new shares， while the government would simultaneously sell an undetermined amount of the stock it is holding， the people said.

　　Executives hope such an offering could take place as soon as the fourth quarter. Citigroup could use proceeds from a stock sale to redeem some of the preferred stock the Treasury is holding， the people said. Executives say the company would launch a stock offering only if the Treasury agrees to also sell shares.

　　Citigroup and the Treasury declined to comment.

　　If the U.S. does sell some of its Citigroup shares， taxpayers could get a profit. The government converted its preferred shares into common stock at $3.25 a share. Citigroup's shares closed Monday at $4.52. That means the government's 7.7 billion shares have gained about $9.8 billion.