Pricing Supplement No. 36 Filing under Rule 424(b)(3)
Dated October 17, 1996 Registration File No. 33-43443
(To Prospectus dated November 5, 1991 and
Prospectus Supplement dated November 6, 1991)
U.S. $1,250,000,000
REYNOLDS METALS COMPANY
Medium-Term Notes
Principal Amount: $12,500,000 Floating Rate Note: N/A
Interest Rate (if fixed rate): 6.75% Interest rate basis: N/A
Stated Maturity: December 10, 2001 -Commercial Paper Rate
Specified Currency: U.S. dollars -Prime Rate
Applicable Exchange Rate (if any): N/A -LIBOR
U.S. $1.00 = -Treasury Rate
Issue price (as a percentage of -CD Rate
principal amount): 100% -Federal Funds Rate
Selling Agent's commission (%): .500% -Other:
Purchasing Agent's discount Index Maturity: N/A
or commission (%): N/A Spread: N/A
Net proceeds to the Company (%): 99.500% Spread Multiplier: N/A
Settlement date (original Maximum Rate: N/A
issue date): October 22, 1996 Minimum Rate: N/A
Redemption Commencement Initial Interest Rate: N/A
Date (if any): N/A Interest Reset Date(s): N/A
Put Right of Holders upon Interest Determination Date(s):N/A
a Designated Event and Calculation Date(s): N/A
a Rating Decline: Applicable Interest Payment Date(s): A/S
Book-Entry Note: Applicable Regular Record Date(s): A/S
CUSIP No.: 76176L FC0
As of the date of this Pricing Supplement, (i) the aggregate principal
amount of Debt Securities (as defined in the Prospectus) which have been
sold (including the Notes to which this Pricing Supplement relates) is
$1,512,500,000 and (ii) the aggregate initial public offering price (or its
equivalent in other currencies) of the Debt Securities which have been sold
(including the Notes to which this Pricing Supplement relates) is
$1,512,250,000.
"N/A" as used herein means "Not Applicable." "A/S" as used herein
means "As stated in the Prospectus Supplement referred to above."
GOLDMAN, SACHS & CO.
MERRILL LYNCH & CO.
October 17, 1996
