Filed pursuant to
                                                                  Rule 424(b)(2)
                                                       Registration No. 33-59791


                                    CITICORP
                               U.S. $7,000,000,000
                   Global Medium-Term Senior Notes, Series C
                               U.S. $1,000,000,000
                 Global Medium-Term Subordinated Notes, Series C
               Due From 9 Months to 60 Years From Date of Issue

Pricing Supplement,  dated  January 22, 1996
     (To  Prospectus  Supplement,  dated August 7, 1995;
     to Prospectus, dated August 7, 1995)

                              DESCRIPTION OF NOTES

      The  terms  of the  Senior  Notes  set  forth in this  Pricing  Supplement
supplement  and modify,  to the extent  applicable,  the  description of general
terms and provisions of Citicorp's Global Medium-Term Senior Notes, Series C set
forth in the  accompanying  Prospectus  and Prospectus  Supplement.  Capitalized
terms not defined  herein shall have the meanings  assigned to such terms in the
accompanying Prospectus and Prospectus Supplement.

SUMMARY OF TERMS:

Title of Notes:               5.70% Senior Notes Due January 25, 2001
                              (the "Notes").
Aggregate
  Principal Amount:           $80,000,000.00.

Price to Public:              100%.

Issue Date:                   January 25, 1996.

Stated Maturity:              January 25, 2001.

Interest Rate:                5.70% per annum.

Interest Payment Dates:       Semi-annually on the 25th day of each January and
                              July, commencing on July 25, 1996, and at Stated
                              Maturity.

Regular Record Dates:         The tenth day of the month in which each Interest
                              Payment Date occurs.

Sinking Fund:                 None.

Redemption:                   None.

Selling Agents:               Salomon Brothers Inc and Merrill Lynch & Co. have
                              severally agreed to act as selling agents for the
                              principal amount of Notes set forth opposite its
                              name:

                              Salomon Brothers Inc    $50,000,000
                              Merrill Lynch & Co.     $30,000,000.

Commission:                   0.215%.

CUSIP Number:                 17303 LRA 1.