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 August 7, 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:                  7.50% Subordinated Notes Due August 29, 2011
                                 (the "Notes").

Aggregate
Principal Amount:                $10,000,000.00.

Price to Public:                 100.00%

Issue Date:                      August 29, 1996.

Stated Maturity:                 August 29, 2011.

Interest Rate:                   7.50% per annum.

Interest Payment Dates:          Monthly on the 29th day of each month,
                                 commencing in September 1996, and at Stated
                                 Maturity.

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

Sinking Fund:                    None.

Redemption:                      The Notes are subject to redemption, 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 occurring on or
                                 after August 29, 1999, at a redemption price
                                 of 100% of their principal amount plus accrued
                                 and unpaid interest to the redemption date.

Selling Agent:                   Lehman Brothers.

Agent's Discount
 or Commission:                  2.050%.

Minimum Denomination:            $1,000.

CUSIP Number:                    17303 MFS 3.