Yesterday Uncle Sam liquidated his stake in Citigroup at $4.35/shr. The average sale price across this and all prior sales was $4.14/shr – well in excess of the $3.25/shr “purchase price.”

Treasury estimates a cumulative $12 billion profit from the $45 billion bailout – not a bad ROR at all. That’s 27% but who’s counting?

Stock sales netted $6.85 billion while interest and dividends kicked in another $2.9 billion. The remaining $2.2 billion was earned on Trust Preferred Securities received in exchange for guarantees on a pool of Citigroup assets.

Treasury continues to hold warrants to purchase Citigroup shares. Ultimate disposition will come when Citigroup decides to repurchase them or Treasury auctions them through the markets for additional profit.