Pricing Supplement No. 144 Dated April 9, 1996
(To Prospectus and Prospectus Supplement 
Dated October 10, 1995)
                                             Rule 424(b)(3)
                                          Registration Statement
                                              No. 33-55945                    
                              


                      U.S.$4,000,000,000

                 FORD MOTOR CREDIT COMPANY

            Medium-Term Notes Due from 9 Months
               to 30 Years from Date of Issue

            Ford Motor Credit Company ("Ford Credit") has designated
$50,000,000 aggregate principal amount of its Medium-Term Notes Due from 9
Months to 30 Years from Date of Issue having specific terms set forth below. 
Citicorp Securities, Inc. have agreed to purchase the Notes at a price
of 100.00% of their principal amount for resale at an initial public offering
price of 100% of their principal amount.  After the initial public offering,
the offering price may be changed.  


Issue Date:              April 12, 1996

Principal Amount:        $50,000,000

Interest Rate Basis:     LIBOR having an Index Maturity of three months 
                         plus 25 basis points
   
Interest Reset Dates:    Quarterly on January 12, April 12, July 12 and
                         October 12, commencing July 12, 1996
                          
                         
Interest Payment Dates:  The 12th day of the months of January, April, July
                         and October, commencing July 12, 1996 
 
Stated Maturity:         April 12, 2001

Reference Agent:         Chemical Bank 




                       CITICORP SECURITIES, INC.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission