Filed pursuant to
                                                                  Rule 424(b)(2)
                                                      Registration No. 333-32065


                                 $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 September 5, 1997
  (To Prospectus Supplement, dated August 27, 1997,
  to Prospectus, dated August 27, 1997).

                              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:            7.00% Subordinated Notes Due September 15, 2009 (the
                           "Notes").

Aggregate
Principal Amount:          $13,518,000.00.

Price to Public:           100.00%.

Issue Date:                September 10, 1997.

Stated Maturity Date:      September 15, 2009.

Interest Rate:             7.00%.

Interest Payment Dates:    Monthly, on the 15th day of each month, commencing in
                           October 1997, 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, 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 September 15, 2000, 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 MHE 2.