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

                                 $1,000,000,000
                                    CITICORP
                       Medium-Term Senior Notes, Series E
                    Medium-Term Subordinated Notes, Series E
                Due From 9 Months to 50 Years From Date of Issue

Pricing Supplement, dated August 19, 1996 (To Prospectus Supplement, dated March
26, 1996, to Prospectus, dated February 8, 1996).

                              DESCRIPTION OF NOTES

         The terms of the Notes set forth in this Pricing Supplement  supplement
and modify,  to the extent  applicable,  the  description  of general  terms and
provisions of Citicorp's Medium-Term  Subordinated Notes, Series E, 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:                7.25% Subordinated Notes Due August 15, 2008 (the
                               "Notes").

Aggregate
Principal Amount:              $2,048,000.00.

Price to Public:               100.00%.

Issue Date:                    August 22, 1996.

Stated Maturity Date:          August 15, 2008.

Interest Rate:                 7.25%.

Interest Payment Dates:        Monthly, on the 15th day of each month, 
                               commencing September 1996, and at Stated
                               Maturity.

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

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 or after August
                               15, 1999, at a redemption price of 100% of their
                               principal amount plus accrued and unpaid interest
                               to the redemption date.

Selling Agent:                 J.W. Korth & Company.

Agent's Commission:            2.00%.

Minimum Denomination:          $1,000.

CUSIP Number:                  17303 MFV 6.