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Rule 424 (b) (3)
Registration No. 333-53819
CUSIP #: 63743HBY7
PRICING SUPPLEMENT NO. 2179 DATED AUGUST 20, 1998
TO PROSPECTUS SUPPLEMENTAL DATED JUNE 16, 1998
AND BASE PROSPECTUS DATED JUNE 5, 1998
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NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION
Medium-Term Notes, Series C
With Maturities of Nine Months or More from Date of Issue
Floating Rate Notes
<S> <C>
Principal Amount: $400,000,000.00
Issue Price: 100% of Principal Amount
Original Issue Date: 8/25/98
Maturity Date: 9/21/99
Initial Interest Rate: Determined as described below
Base Rate: LIBOR Telerate
Spread: Minus 8 basis points
Index Maturity: 3 months, except with respect to the Interest
Reset Date on August 25, 1999, in which case
the Index Maturity will be one month.
Record Dates: On the 10th of each November, February,
May, and August
Interest Payment Dates: On the 25th of November, February, May,
August, and the Maturity Date, commencing
November 25, 1998
Reset Period: Quarterly
Interest Reset Dates: On the 25th of each August, November,
February, and May, commencing August 25, 1998
Redemption Date: None
Agent's Discount or Commission: 0.050%
Agent(s): Lehman Brothers ($200,000,000)
Merrill Lynch & Co. ($200,000,000)
Capacity: Principal
Form of Note: Book-Entry
(Book-Entry or Certificated)
Other Terms: None
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Medium-Term Notes, Series C may be issued by the Company in an aggregate
principal amount of up to $3,050,000,000 and , to date, including this
offering, an aggregate of $329,886,000 Medium-Term Notes, Series A,
$620,114,000, Series B, and $2,047,364,000 Series C have been issued.
