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Rule 424(b)(2)
Registration Statement No. 33-53807
PRICING SUPPLEMENT No. 3, dated September 12, 1994
to Prospectus, dated August 30, 1994
Medium-Term Notes, Series A
(Floating Rate)
With Maturities of Nine Months or More From Date of Issue
Issue Price: 99.85% Form:
Initial Interest Rate:
3 month LIBOR +0.45% on
September 15, 1994 [X] Book Entry [_] Certificated
Original Issue Date: Sept. 19, 1994
Stated Maturity: Dec. 19, 1997
Maximum Interest Rate: N/A Interest Rate Basis:
Minimum Interest Rate: N/A (Check One)
Spread Multiplier: N/A
Spread: (+/-) +0.45% [_] CD Rate
Index Maturity: 3 months [_] Commercial Paper Rate
Calculation Date(s): as set forth [X] LIBOR
in the Prospectus Supplement [_] LIBOR Reuters
dated September 9, 1994 [X] LIBOR Telerate
Calculation Agent: Marine [_] Eleventh District Cost of Funds Rate
Midland Bank [_] CMT Rate
Agent's Commission: 0.35% [_] J.J. Kenny Rate
Repurchase Price [_] Treasury Rate
(For Discount Securities): N/A [_] Federal Funds Effective Rate
[_] Prime Rate
[_] Other__________ (see attached)
Interest Rate Reset Period: Currency or Currency Unit:
Quarterly (Check one; if other than U.S.
Interest Reset Date: 19th day Dollars, see attached)
of March, June, September and [X] U.S. Dollars (USD or U.S.$)
December [_] European Currency Units (ECU)
Interest Payment Dates: Quarterly [_] Australian Dollars (AUD or AUS$)
on the 19th day of March, June, [_] British Pound (GBP or UK(Pounds))
September and December [_] Canadian Dollars (CAD or CAN$)
Regular Record Dates: March 4, [_] German Marks (DEM or DM)
June 4, September 4 and [_] Italian Lire (ITL or Lire)
December 4 preceding each [_] Japanese Yen (JPY or (Yen))
Interest Payment Date [_] Swiss Francs (CHF or SWFr)
Interest Determination Dates: [_] Other__________
2 Market Days prior to
Interest Reset Dates
Redemption Information: N/A
Currency Determination Agent: N/A
Repayment Information: N/A
Other Provisions: N/A
The aggregate principal amount of this offering is U.S. $4,500,000
(which, if the securities offered hereby are denominated in a currency or
currency unit other than U.S. dollars, is the equivalent, in the
currency units set forth herein, of the principal amount set forth
herein at the Exchange Rate set forth herein) and relates only to
Pricing Supplement No. 3. Debt Securities, including Medium-Term Notes,
Series A, may be issued by the Company in an aggregate initial
offering price of up to U.S. $500,000,000 or the equivalent in foreign
currency or currency units. To date, including this offering, an
aggregate of U.S. $21,500,000 or the equivalent in foreign currency or
foreign currency units of Medium-Term Notes, Series A, and all other Debt
Securities, has been issued.
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Type of Sale: If Principal Transaction, reoffering at:
[X] As Agent [_] varying prices related to prevailing market
[_] As Principal prices at the time of resale
[_] fixed public offering price of __% of Principal
Amount
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