Filed pursuant to
                                                                  Rule 424(b)(2)
                                                      Registration Nos. 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 23, 1996
     (To  Prospectus  Supplement,  dated Agust 7, 1995;
      to Prospectus, dated August 7, 1995)

                              DESCRIPTION OF NOTES

        The  terms of the  LIBOR  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:               LIBOR Senior Notes Due January 26, 2001
                              (the "LIBOR Notes").
Aggregate
  Principal Amount:           $10,000,000.00.

Issue Date:                   January 26, 1996.

Stated Maturity:              January 26, 2001.

Interest Rate Index:          Three Month LIBOR.

Spread:                       Plus 29.0 basis points.

Initial Interest Rate:        5.79%.

Interest Rate:                For each Interest Rate Reset Period,  Three
                              Month  LIBOR plus  0.290%,  as  determined  on the
                              related LIBOR Interest  Determination  Date or, in
                              the case of the Initial  Interest Rate, the second
                              Market Day preceding the Issue Date.

Maximum Interest Rate:        The Interest Rate is subject to a cap of 9.00%
                              per annum.

Interest Commencement Date:   January 26, 1996.


Interest Payment Dates:       Quarterly, on the 26th day of January, April,
                              July and October, commencing April 26, 1996, and
                              at Stated Maturity.

Interest Rate Reset Period:   Quarterly.

Interest Reset Dates:         The 26th day of January, April, July and October.

LIBOR Interest
  Determination Dates:        Pertaining to an Interest Reset Date, the second
                              Market Day preceding such related Interest Reset
                              Date.

Index Maturity:               Three Months.

LIBOR Screen Reference:       Telerate Screen Page 3750.

Calculation Dates:            The related LIBOR Interest Determination Date.


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Redemption:                   The LIBOR Notes are not subject to redemption
                              prior to Stated Maturity.

Sinking Fund:                 The LIBOR Notes are not subject to any sinking
                              fund.

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

Calculation Agent:            Citibank, N.A.

Selling Agent:                CS First Boston Corporation.

Commission:                   .044%.

Price to Public:              100%.

CUSIP Number:                 17303 LRB 9.