CITICORP
424B2, 1997-06-05
NATIONAL COMMERCIAL BANKS
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                                                               Filed pursuant to
                                                                  Rule 424(b)(2)
                                                      Registration No. 333-20803

                                 $1,000,000,000
                                    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 June 3, 1997
 (To Prospectus Supplement, dated May 21, 1997,
 to Prospectus, dated May 21, 1997).

                              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:               7.30% Subordinated Notes Due June 15, 2009 (the
                              "Notes").
Aggregate
 Principal Amount:            $15,000,000.00.

Price to Public:              100.00%.

Issue Date:                   June 17, 1997.

Stated Maturity Date:         June 15, 2009.

Interest Rate: 7.30%.

Interest Payment Dates:       Monthly, on the 15th day of each month, commencing
                              in July 1997, and at Stated Maturity.

Regular Record Dates:         The first day of the month in which the related
                              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 occurring June 15 or
                              December 15, on or after June 15, 2000, at a
                              redemption price of 100% of their principal amount
                              plus accrued and unpaid interest to the redemption
                              date.


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Selling Agent:                Prudential Securities, Inc.

Agent's Commission:           1.750%.

Minimum Denomination:         $1,000.

CUSIP Number:                 17303 MGS 2.



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