Rule 424(b)(3)
File No. 33-50661
PRICING SUPPLEMENT NO. 31 DATED MARCH 1, 1995
(To Prospectus Dated October 29, 1993 as Supplemented October 29, 1993)
COUNTRYWIDE FUNDING CORPORATION
Medium-Term Notes, Series C
Due from 9 months to 30 years from Date of Issue
Payment of the Principal, Premium, if any,
and Interest on the Notes is Unconditionally
Guaranteed by
COUNTRYWIDE CREDIT INDUSTRIES, INC.
Floating-Rate Notes
- - - - - - - - - -
Principal Amount: $15,000,000
Proceeds to Issuer: $14,925,000
Trade Date: March 1, 1995
Issue Price: 100%
Original Issue Date: March 8, 1995
Total Amount of OID: N/A
Initial Accrual Period OID: N/A
Yield to Maturity N/A
Stated Maturity Date: March 8, 2000
Book-Entry: /X/
Certificated: / /
Specified Currency: U.S. Dollars
Base Rate: / / Commercial paper Rate /x/ LIBOR
/ / Certificate of Deposit Rate
/ / Treasury Rate / / Federal Funds Rate
/ / Prime Rate / / Other
Exchange Rate Agent: N/A
Minimum Denomination: $100,000
Initial Interest Rate: 6.8125 %
Interest Determination Dates: Two Business Days prior to the
Interest Reset Date
Interest Reset Dates: Same as Interest Payment Dates
Interest Payment Dates: Every 3/8, 6/8, 9/8 and 12/8
until maturity.
Index Maturity: 3 months
Maximum Interest Rate: N/A
Minimum Interest Rate: N/A
Spread (plus or minus): Plus 50 bps (bps = basis points)
Spread Multiplier: N/A
Calculation Agent: The Bank of New York
Calculation Date: N/A
Redemption:
Check box opposite applicable paragraph.
/X/ The Notes cannot be redeemed prior to maturity.
/ / The Notes may be redeemed prior to maturity.
Initial Redemption Date: N/A
Initial Redemption Percentage: N/A
Annual Redemption Percentage N/A
Reduction:
Special Redemption Provisions: N/A
