Filed pursuant to
Rule 424(b)(2)
Registration Nos. 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 January 17, 1996,
(To Prospectus Supplement, dated August 7, 1995;
to Prospectus, dated August 7, 1995)
DESCRIPTION OF NOTES
The terms of the Federal Funds Rate 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 Senior 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:
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Title of Notes: Federal Funds Rate Notes Due July 17, 1998
(the "Notes").
Aggregate
Principal Amount: $100,000,000.00.
Issue Date: January 22, 1996.
Stated Maturity Date: July 17, 1998.
Interest Rate Index: Federal Funds Effective Rate.
Spread: Plus 20.0 basis points (0.20%).
Initial Interest
Rate: Federal Funds Effective Rate plus 0.20%, based on the rate
prevailing on the Market Day preceding the Issue Date.
Interest Rate: For each Interest Rate Reset Period, Federal Funds
Effective Rate plus 0.20%, determined as of the related
Interest Determination Date or, in the case of the Initial
Interest Rate, on the Issue Date, based on the rate
prevailing on the Market Day preceding the Issue Date. The
Interest Rate applicable with respect to each day other
than a Market Day shall be that applicable to the
immediately preceding Market Day.
Interest Commencement
Date: January 22, 1996.
Interest Payment
Dates: Quarterly, on the 17th day of January, April, July and
October (subject to modified following business day
convention), commencing April 17, 1996, and at the Stated
Maturity Date.
Interest Rate
Reset Period: From and including each Interest Reset Date to, but
excluding, the next succeeding Interest Reset Date or the
Stated Maturity Date, as the case may be.
Interest Reset
Dates: Each Market Day, commencing January 22, 1996, to but
excluding the Stated Maturity Date.
Interest
Determination Dates: The Market day immediately preceding each Interest Reset
Date.
Index Maturity: Daily.
Calculation Dates: The earlier of (1) the 10th calender day following each
Interest Determination Date, provided such day is a
Business Day, if not, then the next succeeding Business
Day, or (2) the Market Day next preceding the related
Interest Payment Date or the Stated Maturity Date, as the
case may be.
Redemption: The Notes are not subject to redemption prior to the
Stated Maturity Date.
Sinking Fund: The Notes are not subject to any sinking fund.
Regular Record Dates: The date that is 15 calendar days prior to the related
Interest Payment Date.
Calculation Agent: Citibank, N.A.
Selling Agent: CS First Boston Corporation, as Principal.
Commission: .115%.
Price to Public: 100%.
CUSIP Number: 17303 LQY 0.
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