NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/
424B3, 1999-09-07
MISCELLANEOUS BUSINESS CREDIT INSTITUTION
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<PAGE> 1


                                                      Rule 424(b)(3)
                                               Registration No. 333-78931
                                                    CUSIP# 63743HCQ3

                  PRICING SUPPLEMENT NO. 2436 DATED SEPTEMBER 2, 1999
                  TO PROSPECTUS SUPPLEMENTAL DATED JUNE 7, 1999
                    AND BASE PROSPECTUS DATED JUNE 4, 1999

             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

<TABLE>
<S>                            <C>
 Issuer:                        National Rural Utilities CFC

 Principal Amount:              $50,000,000.00


 Issue Price:                   100% of Principal Amount


 Original Issue Date:           09/08/1999


 Maturity Date:                 09/08/2000


 Initial Interest Rate:         Determined as described below

 Base Rate:                     LIBOR Telerate

 Spread:                        Plus 2 basis points

 Index Maturity:                1 month

 Interest Payment Dates:        On the 8th of each month, and the
                                Maturity Date, commencing
                                October 8, 1999

 Reset Period:                  Monthly

 Interest Reset Dates:          On the 8th of each month commencing
                                September 8, 1999

 Redeemable Date:               None

 Business Days:                 New York

 Agent's Discount or
              Commision:        0.050%

 Agent(s):                      Barclays Capital

 Capacity:                      Agent

 Form of Note
 (Book-Entry or Certificated):  Book-Entry

 Other Terms:                   None

</TABLE>


Medium-Term Notes, Series C may be issued by the Company in an
aggregate principal amount of up to $5,050,000,000 and, to date,
including this offering, an aggregate of $329,886,000 Medium-Term
Notes, Series A, $620,114,000, Series B, and $4,152,921,000 Series C
have been issued.



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