CITICORP
424B5, 1995-08-01
NATIONAL COMMERCIAL BANKS
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                                                               Filed pursuant to
                                                                  Rule 424(b)(5)
                                                      Registration Nos. 33-59791

                                    CITICORP
                               U.S. $5,000,000,000
                    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  July 31,  1995  (To  Prospectus  Supplement,  dated
         January 26, 1995; to Prospectus, dated January 26, 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.

         Interest rates offered by Citicorp with respect to the Notes may differ
depending  upon,  among other things,  the aggregate  principal  amount of Notes
purchased in any single transaction.

SUMMARY OF TERMS:

Title of Notes:          7.25% Subordinated Notes Due August 25, 2005 (the
                         "Notes").
Aggregate
Principal Amount:        $5,000,000.00.

Price to Public:         100%.

Issue Date:              August 25, 1995.

Stated Maturity:         August 25, 2005.

Interest Rate:           7.25% per annum.

Interest Payment Dates:  Semi-annually  on the 25th day of February and
                         August, commencing on February 25, 1996, and at
                         Stated Maturity.

Regular Record Dates:    The tenth day of the month preceding each Interest
                         Payment Date,  unless such day is not a  Market  day,
                         in which case the Market day next succeeding,
                         commencing on February 10, 1996.

Sinking Fund:            None.

Redemption:              The  Notes  are  subject  to  redemption semi-annually
                         at the option of Citicorp, on not  more  than 60 nor
                         less  than 30 days'  notice,  on any Interest  Payment
                         Date,  on or after August 25, 1998, at a redemption
                         price   of  100%  of  their principal amount plus
                         accrued and unpaid interest to the redemption
                         date.


Selling Agent:           Citicorp Securities, Inc.

Agent's Commission:      1.95%.

Minimum Denomination:    $1,000.

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