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Rule 424(b)(3)
Registration No. 333-78931
CUSIP# 63743HCT7
PRICING SUPPLEMENT NO. 2440 DATED SEPTEMBER 7, 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
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<S> <C>
Issuer: National Rural Utilities CFC
Principal Amount: $400,000,000.00
Issue Price: 100% of Principal Amount
Original Issue Date: 09/10/1999
Maturity Date: 09/11/2000
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 11th of each month and the Maturity
Date, commencing October 12, 1999
Reset Period: Monthly
Interest Reset Dates: On the 11th of each month, commencing
September 10, 1999
Redemption Date: None
Agent's Discount or
Commision: 0.050%
Agent(s): J.P. Morgan & Co.
Capacity: Principal
Form of Note
(Book-Entry or Certificated): Book-Entry
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 $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 $4,803,921,000 Series C
have been issued.
