CITICORP
424B2, 1995-08-25
NATIONAL COMMERCIAL BANKS
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Filed pursuant to
Rule 424(b)(2)
Registration No. 33-59791


                                    CITICORP
                               U.S. $7,000,000,000
                    Global Medium-Term Senior Notes, Series C
                               U.S. $1,000,000,000
                 Global Medium-Term Subordinated Notes, Series C
                Due From 9 Months to 60 Years From Date of Issue

Pricing  Supplement,  dated  August 23, 1995 (To  Prospectus  Supplement,  dated
         August 7, 1995; to Prospectus, dated August 7, 1995)


                              DESCRIPTION OF NOTES

         The  terms  of  the  Subordinated  Notes  set  forth  in  this  Pricing
Supplement  supplement and modify, to the extent applicable,  the description of
general  terms and  provisions  of Citicorp's  Global  Medium-Term  Subordinated
Notes,  Series  C,  set  forth in the  accompanying  Prospectus  and  Prospectus
Supplement.  Capitalized  terms  not  defined  herein  shall  have the  meanings
assigned to such terms in the accompanying Prospectus and Prospectus Supplement.


SUMMARY OF TERMS:

Title of Notes:               7.45% Subordinated Notes Due September 15, 2010
                              (the "Notes").

Aggregate
Principal Amount:             $10,000,000.00.

Price to Public:              100%.

Issue Date:                   September 15, 1995.

Stated Maturity:              September 15, 2010.

Interest Rate:                7.45% per annum.

Interest Payment Dates:       Monthly on the 15th day of every month, commencing
                              in October  1995,  and at Stated Maturity.

Regular Record Dates:         The first day of the month preceding each Interest
                              Payment Date.

Sinking Fund:                 None.

Redemption:                   The Notes are subject to redemption,
                              only  in  whole,  at the  option  of
                              Citicorp,  on not  more  than 60 nor
                              less  than 30 days'  notice,  on the
                              15th   day   of   each   March   and
                              September,  commencing September 15,
                              2000, at a redemption  price of 100%
                              of  their   principal   amount  plus
                              accrued  and unpaid  interest to the
                              redemption date.


Selling Agent:                Morgan Stanley & Co. Incorporated

Agent's Commission:           2.35%.

Minimum Denomination:         $1,000.



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