CITICORP
424B2, 1995-12-14
NATIONAL COMMERCIAL BANKS
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                                                               Filed pursuant to
                                                                  Rule 424(b)(2)
                                                       Registration No. 33-59791

                                  $500,000,000
                                    CITICORP
                       Medium-Term Senior Notes, Series E
                    Medium-Term Subordinated Notes, Series E
                Due From 9 Months to 50 Years From Date of Issue

Pricing  Supplement,  dated  December 12, 1995
     (To Prospectus Supplement,dated August 7, 1995,
     to Prospectus, dated August 7, 1995).

                              DESCRIPTION OF NOTES

     The terms of the Notes set forth in this Pricing Supplement  supplement and
modify,  to  the  extent  applicable,  the  description  of  general  terms  and
provisions of Citicorp's  Medium-Term  Subordinated Notes, Series E 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:               6.70% Subordinated Notes Due December 15, 2007
                              (the "Notes").

Aggregate
Principal Amount:             $5,000,000.00

Price to Public:              100%

Issue Date:                   December 12, 1995.

Stated Maturity Date:         December 15, 2007.

Interest Rate:                6.70%

Interest Payment Dates:       Monthly  on  the  15th  day of  each  month,
                              commencing  on  January  15,  1996,  and  at
                              Stated Maturity.

Regular Record Dates:         The  first  day of the  month in which  each
                              Interest Payment Date occurs.

Sinking Fund:                 None.

Redemption:                   The  Notes are  subject  to  redemption,  in
                              whole  but not in  part,  at the  option  of
                              Citicorp,  on not more  than 60 or less than
                              30 days'  notice,  on any  Interest  Payment
                              Date,  on or after  December 15, 1998,  at a
                              redemption  price of 100% of their principal
                              amount plus  accrued and unpaid  interest to
                              the redemption date.

Selling Agent:                J.W. Korth & Co.

Agent's Commission:           2.00%.

Minimum Denomination:         $1,000.


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