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 July 26, 1996
    (To Prospectus Supplement, dated August 7, 1995;
    to Prospectus, dated August 7, 1995)

                                         DESCRIPTION OF NOTES

        The terms of the Subordinated 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  Subordinated  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:               8.00% Subordinated Fixed Rate Notes Due
                              August 9, 2011 (the "Notes").
Aggregate
Principal Amount:             $14,000,000.00.

Price to Public:              100.00%

Issue Date:                   August 9, 1996.

Stated Maturity:              August 9, 2011.

Interest Rate:                8.00% per annum.

Interest Payment Dates:       Semi-annually on the 9th day of each February
                              and August, commencing August 9, 1996, and at
                              Stated Maturity.

Regular Record Dates:         That date that is 15 calendar days prior to the
                              related Interest Payment Date.

Sinking Fund:                 None.

Redemption:                   The Notes are subject to redemption, only in whole
                              but not in part, at the option of Citicorp, on 
                              not more than 60 or less than 30 days' notice, on
                              any Interest Payment Date on August 9, 1999, at a
                              redemption price of 100% of their principal
                              amount plus accrued and unpaid interest to the
                              redemption date.

Selling Agent:                Goldman, Sachs & Co.

Agent's Discount
 or Commission:               0.125%.

Minimum Denomination:         $1,000.

CUSIP Number:                 17303 MFM 6.