Registration No. 33-51451
Rule 424 (b)(2)
PRICING SUPPLEMENT No. 16 Dated March 8, 1994 (To Prospectus dated
December 30, 1993)
$2,000,000,000
H O U S E H O L D F I N A N C E C O R P O R A T I O N
Medium Term Notes
Due Nine Months or More from Date of Issue
______________________________
Principal Amount: $44,000,000
Stated Maturity: March 17, 1997
Price to Public: 100% Proceeds to HFC: 100%
Maximum Rate: Not Applicable Minimum Rate: 0.00%
Redeemable On: Not Applicable
Initial Interest Rate: 3.875%
Interest Rate Basis: SEE SPECIAL PROVISIONS
Spread or Spread Multiplier: SEE SPECIAL PROVISIONS
Interest Payment Dates: On the 17th of March, June, September,
December of each year, commencing June 17,1994, and on the
Stated Maturity, provided that if any of said dates are not a
Business Day, then the Interest Payment Date shall be the next
succeeding Business Day.
Regular Record Dates: The date fifteen (15) calendar days (whether
or not a Business Day) prior to each Interest Payment Date or
the Stated Maturity, as the case may be.
Interest Determination Date: The second Business Day immediately
preceding each Interest Payment Date.
Index Maturity: Three (3) Months.
Calculation Agent: The First National Bank of Chicago
Agent's Discount or Commission: None
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SPECIAL PROVISIONS
Notwithstanding the Prospectus, interest shall be calculated and
paid up to, but not including, the Interest Payment Date or the
stated maturity, as the case may be.
For the period from, and including, March 17, 1994 to, but
excluding, March 17, 1995, the interest rate to be paid on the
Notes shall be LIBOR Telerate. For the period from, and including,
March 17, 1995 to, but excluding, March 17, 1996, the interest rate
to be paid on the Notes shall be the lesser of (i) LIBOR Telerate
and (ii) 20.25%, minus (two x LIBOR Telerate). For the period
from, and including, March 17, 1996 to, but excluding, the Stated
Maturity, the interest rate to be paid on the Notes shall be the
lesser of (i) LIBOR Telerate and (ii) 23.25%, minus (two x LIBOR
Telerate).
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