CITICORP
424B5, 1996-07-30
NATIONAL COMMERCIAL BANKS
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                                                               Filed pursuant to
                                                                  Rule 424(b)(5)
                                                       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

Supplement,  dated  July 30,  1996 to  Pricing  Supplement  dated  July 1996 (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:               8.00% Subordinated Fixed Rate Notes Due
                              August 9, 2011 (the "Notes").
Aggregate
Principal Amount:             $14,000,000.00.

Price to Public:              100.00%

Issue Date:                   August 9, 1996.

Stated Maturity:              August 9, 2011.

Interest Rate:                8.00% per annum.

Interest Payment Dates:       Semi-annually on the 9th day of each February
                              and August, commencing February 9, 1997, and
                              at Stated Maturity.

Regular Record Dates:         That date that is 15 calendar days prior to
                              the related Interest Payment Date.

Sinking Fund:                 None.

Redemption:                   The Notes are subject to redemption, only 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 August 9, 1999, at a redemption price
                              of 100% of their principal amount plus accrued
                              and unpaid interest to the redemption date.

Selling Agent:                Goldman, Sachs & Co.

Agent's Discount
 or Commission:               0.125%.

Minimum Denomination:         $1,000.

CUSIP Number:                 17303 MFM 6.



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