SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K
                                 CURRENT REPORT


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
       Date of Report (Date of earliest event reported): January 16, 1996


                                    Citicorp

               (Exact name of registrant as specified in charter)


         Delaware                     1-5738                    13-2614988
(State or other jurisdiction                                  (IRS Employer 
    of incorporation)         (Commission File Number)    Identification Number)
                             
                                                    


  399 Park Avenue, New York, New York                              10043
(Address of principal executive offices)                        (Zip Code)


Registrant's telephone number,
including area code:                                           (212) 559-1000


                                 Not Applicable
         (Former name or former address, if changed since last report)



<PAGE>
PAGE 1 - Citicorp 1995 results







Item 5. Other Events


CITICORP REPORTS 1995 EARNINGS AT RECORD LEVELS,
WITH PRETAX RESULTS UP 21% AND RETURN ON EQUITY AT 18%



         On January 16, 1996 Citicorp  announced 1995 record pretax  earnings of
$5.6 billion, an increase of 21% from 1994.

         Net income of $3.464  billion,  although  also a record,  was virtually
flat with last year's $3.366  billion -- the effective tax rate in 1995 was 38%,
compared  with the  unusually  low 26% in 1994.  Per share results were $6.48 in
1995, up from $6.29.  Return on total equity was 18%, down from 21%,  reflecting
higher  equity  levels.  Total  capital  rose to $27.7  billion,  up from  $26.1
billion. Reserves were built by $0.3 billion to $5.4 billion.

         John  S.  Reed,  Chairman,  said:  "Our  1995  results  continue  to be
outstanding.  Our global consumer business  celebrated its 20th anniversary with
earnings of $2 billion, up 11% from 1994. Our banking business -- focused in the
emerging markets and on a key set of global customers -- earned $1.6 billion, up
15% from 1994.

         "1995 was also the last year of our  1993-1995  effort to  rebuild  the
company's balance sheet -- we were about three quarters of a year ahead of plan.
Having significantly  improved our portfolios,  capital position,  reserves, and
ratings in the first part of the year,  we were able to use over $1.5 billion of
'free capital' to repurchase  23.1 million  shares of our stock.  As the company
enters 1996, it is focused on its global consumer and banking  franchises and on
continuing to deliver superior results."

                                     1995        1994   Change
($ in Millions, except per share)
Pretax Earnings                    $5,585      $4,611       21%
Net Income                          3,464       3,366        3
  Core Businesses                   3,588       3,172       13
Earnings Per Share (Fully Diluted)  $6.48       $6.29        3
Return on Total Equity                 18%         21%


<PAGE>


PAGE 2 - Citicorp 1995 results



         Revenue  increased $1,927 million and operating  expense increased $960
million,  a 2:1 ratio in keeping with Citicorp's  revenue/expense  goal. Revenue
was up 11% (9% excluding the effect of foreign currency  translation) from 1994,
primarily reflecting increases in the global consumer business, trading- related
revenue and banking activities in the emerging markets. Operating expense was up
9% (an on-target 7% excluding the effect of foreign currency translation).  As a
result, the operating margin increased by $1 billion, or 13%.

         The 1995 net credit loss ratio of 1.99% for managed consumer portfolios
was lower  than in recent  years,  although  it  bottomed  out in the 1995 first
quarter.  Consumer  credit  costs of $2.473  billion were up 6%,  reflecting  an
expanded volume of card assets (which rose 18.0%) and new customers,  as well as
losses in the consumer  portfolios  in Argentina and Mexico.  Commercial  credit
costs in the banking business  remained low at $20 million in 1995; in the prior
year there was a net recovery of $116  million.  North America  Commercial  Real
Estate credit costs declined $305 million to $52 million.


FOURTH  QUARTER NET INCOME OF $905 MILLION  ($1.72 PER SHARE);  PRETAX  EARNINGS
ROSE 17% TO A RECORD $1.4 BILLION


                          1995     1994             1995
                       4th Qtr  4th Qtr  Change  3rd Qtr  Change
                       -------  -------  ------  -------  ------
($ in Millions,
  except per share)
Pretax Earnings         $1,440   $1,231      17%  $1,388       4%
Net Income                 905    1,042     (13)     877       3
  Core Businesses          936      891       5      873       7
EPS (Fully Diluted)      $1.72    $1.95     (12)   $1.62       6
Return on Total Equity      19%      24%              18%

         Revenue in the  fourth  quarter  was up 6% to a record $5  billion  and
expenses were up 5% from the fourth  quarter of 1994,  resulting in an operating
margin less credit costs of $1.5 billion.  Pretax  earnings of $1.4 billion were
up 17% from the previous-year quarter.

         Net income of $905 million was down $137 million from the
1994  fourth  quarter,  reflecting  lower taxes in the 1994  quarter,  when $285
million of tax benefits were recognized.  Net income improved 3% compared to the
1995 third quarter.


<PAGE>


PAGE 3 - Citicorp 1995 results


                            Global Consumer Business
                            ------------------------

20 YEARS AND A RECORD $2 BILLION OF EARNINGS


Full Year                       1995        1994    Change
                                ----        ----    ------

($ in Millions)
Adjusted Revenue             $12,272     $11,331         8%
Operating Expense              6,700       6,192         8
Operating Margin               5,572       5,139         8
Credit Costs                   2,473       2,338         6
Pretax Earnings                2,899       2,601        11
Net Income                     1,981       1,778        11
Return on Assets                1.65%       1.68%

Fourth Quarter                  1995        1994    Change
                                ----        ----    ------

($ in Millions)
Adjusted Revenue              $3,195      $2,955         8%
Operating Expense              1,694       1,636         4
Operating Margin               1,501       1,319        14
Credit Costs                     688         595        16
Pretax Earnings                  763         674        13
Net Income                       554         470        18
Return on Assets                1.79%       1.65%


     Global  Consumer  net  income  increased  11% to  $1.981  billion  in 1995.
Citibanking earned $0.6 billion, up from $0.4 billion in 1994, led by the United
States and Europe.  Cards earned $1.2 billion, up from $1.1 billion,  reflecting
growth in Asia  Pacific  and the United  States.  The  Private  Bank earned $0.2
billion, virtually flat with 1994.

     In the fourth  quarter,  net income was $554 million,  up 18% from the same
1994 quarter.  Net income in the second half of 1995 was $1.076 billion,  up 19%
from $905 million in the 1995 first half and up 14% from the 1994 second half.

     The 8% growth in adjusted revenue in both the year and the quarter from the
year earlier was led by cards in the U.S. and Asia Pacific and by Citibanking in
Latin America, Europe and the United States. Expense also increased by 8% in the
year and by 4% in the fourth quarter from the year-earlier  quarter.  Investment
spending continued, particularly in Asia Pacific and Latin America.


<PAGE>


PAGE 4 - Citicorp 1995 results



     The overall consumer loss rate of 2.14% of managed loans in the 1995 fourth
quarter  increased  from  2.02% in the  previous  quarter  and 2.03% in the 1994
fourth  quarter.  The increase was due mainly to the expanded  volume and higher
loss rate of bankcard  assets in the United States and economic  difficulties in
some Latin American  countries.  The U.S.  managed  bankcards loss rate of 3.77%
compared  with  3.70% in the 1995  third  quarter  and 3.49% in the 1994  fourth
quarter;  the 1995 fourth  quarter loss rate  included a 12 basis point  benefit
from the sale of  certain  bankrupt  accounts.  The loss rate in branch  banking
worldwide was 1.20%,  compared with 1.14% in the 1995 third quarter and 1.25% in
the 1994 fourth quarter.

     At 58 million, the number of cards worldwide (including  affiliates) was 7%
higher than in the 1994 fourth  quarter,  led by growth in the United States and
the Asia Pacific region.  Charge volume on Citicorp-issued cards in Asia Pacific
was up 25% and on U.S. bankcards up 15%. Managed card receivables grew by 39% in
Asia Pacific.  Managed U.S. bankcard receivables increased $6.0 billion, or 16%,
to $44.8  billion,  and total accounts 2.7 million to 25.4 million from December
31, 1994.  Total U.S.  bankcard charge volume increased by $3.1 billion from the
1994 fourth quarter to $24.2 billion.

     In  the  United  States,  the  number  of  customers  who  enrolled  to use
electronic  banking services,  primarily through personal  computers,  increased
more than 200% after fees were  eliminated  June 1, and an estimated  20% of the
approximately 125,000 customers were new to the bank. During the fourth quarter,
banking by personal  computer  was  launched  in  Florida,  with the result that
Citibank now offers free PC banking in all its U.S.
markets.

     Citibank  continued to implement its  model-branch  expansion,  designed to
give a consistent look and customer experience worldwide. At year-end there were
439 model  branches,  comprising 36% of the more than 1,200  worldwide  consumer
branches.  During the quarter India and Thailand were added to the international
Citicard network,  increasing to 31 the number of countries where the service is
available.

     Assets  under  management  in  private  banking  rose  12% in 1995 to $87.5
billion from a year earlier.




<PAGE>


PAGE 5 - Citicorp 1995 results


                           Commercial Banking Business
                           ---------------------------

SERVICE TO CORPORATE  CUSTOMERS  THROUGHOUT THE WORLD; NET INCOME UP 15%, RETURN
ON ASSETS REACHED 1.18%


Full Year                       1995        1994    Change
                                ----        ----    ------

($ Millions)
Adjusted Revenue              $6,222      $5,513        13%
Operating Expense              3,929       3,510        12
Operating Margin               2,293       2,003        14
Credit Costs                      20        (116)       NM
Pretax Earnings                2,173       2,069         5
Net Income                     1,607       1,394        15
Return on Assets                1.18%       1.00%


Fourth Quarter                  1995        1994    Change
                               -----     -------   -------

($ in Millions)
Adjusted Revenue              $1,525      $1,580        (3)%
Operating Expense              1,000         966         4
Operating Margin                 525         614       (14)
Credit Costs                      (3)         10        NM
Pretax Earnings                  503         591       (15)
Net Income                       382         421        (9)
Return on Assets                1.15%       1.19%


     Commercial banking delivered solid performance in 1995, increasing revenues
and expanding the global network while reducing assets.

     Net income of $1.6 billion increased $213 million from 1994 and represented
a return on assets of 1.18%,  up from 1.00%.  Fourth  quarter net income of $382
million  was down $39  million  from the same  1994  quarter,  reflecting  lower
venture capital gains.

     Full-year  revenue  of $6.2  billion  increased  13% from  1994,  primarily
because of improved worldwide trading results,  as well as multinational  client
and transaction  services revenue growth in the emerging markets.  The increases
were partially offset by the effects of  repositioning in the developed  markets
business designed to improve future returns. Fourth quarter revenues of


<PAGE>


PAGE 6 - Citicorp 1995 results


$1.5 billion  declined $55 million  from the same 1994  quarter,  as stable core
business results and improved  trading-related  revenue were more than offset by
lower venture capital results  attributable to a significant  gain recognized in
the 1994 fourth quarter.

     Trading-related revenue of $1.7 billion in 1995 increased $550 million from
1994,  reflecting  continued  customer demand for  risk-management  products and
improvement in market-making activities. In the fourth quarter,  trading-related
revenue of $413  million  increased  $126 million from the same 1994 quarter but
declined $85 million from the 1995 third quarter.

     Expenses in the quarter were  essentially  unchanged from the third quarter
and up 4% from the prior-year  fourth quarter.  Expenses in the year were up 12%
(10% excluding the foreign currency  translation  effect),  reflecting  business
expansion  in the  emerging  markets and  continued  investments  in  processing
efficiencies.

    Net credit costs were negligible in both the 1995 and 1994 fourth  quarters.
Credit costs in 1995  remained low at $20 million,  compared with a net recovery
of $116 million in 1994.

Developed economies
-------------------

     Banking business in the developed economies earned $666 million in 1995 and
$168 million in the fourth quarter,  compared with $581 million and $210 million
a year earlier.

     Significant progress was made toward improving returns, with average assets
of $82 billion in the quarter  reduced by $4 billion from the 1995 third quarter
and $14 billion from the 1994 fourth quarter. These declines are attributable to
a lower level of trading assets and business  repositioning  actions  undertaken
during the year.

     Revenue in 1995 grew $372 million,  to $3.6 billion,  reflecting  primarily
improved   trading   results,   partially  offset  by  the  effect  of  business
repositioning. Fourth quarter revenue of $866 million declined from the year-ago
quarter,  primarily  the result of a $180 million  pretax  venture  capital gain
recognized in the 1994 quarter.

     Fourth  quarter  expenses were  essentially  unchanged  from the 1995 third
quarter and 1994 fourth  quarter,  while in the year expense  increased  10% (8%
excluding the foreign exchange


<PAGE>


PAGE 7 - Citicorp 1995 results


translation  effect),  mainly from investment in technological  efficiencies and
costs associated with increased business volume.

Emerging markets
----------------

     In the banking  business with global,  local and regional  customers in the
emerging  markets,  1995 net income of $941  million was up by $128 million from
1994.  Fourth  quarter net income of $214 million  increased $3 million from the
prior year's quarter.

     Revenue  growth  of  $337  million  was  led  by  increased   business  for
multinational  clients  and  in  transaction  services.  Revenue  in  1995  also
reflected gains in trading-related activities, which were approximately equal to
the benefit in 1994 from an unusually  favorable rate environment in Brazil.  In
the fourth quarter, revenue increased $50 million to $659 million from the year-
earlier quarter.  Expense in the quarter was essentially unchanged from the 1995
third quarter and up $29 million from the 1994 fourth  quarter.  Expense  growth
from 1994 primarily reflected investment spending to grow the franchise.

         The commercial  banking business is now present in 73 emerging markets.
During the year Citibank  absorbed costs related to 1994,  1995 and planned 1996
entries  into seven  countries  and  expansion  of  existing  operations  in six
countries.  Citibank  typically  incurs  net  costs for two  years  before  such
investments become profitable.

     The Cross-Border  Finance Group was first in 1995 rankings in the volume of
capital raised for emerging markets issuers outside their home countries.

                                      Other
                                      -----

         North America  Commercial Real Estate reported net income of $8 million
in the 1995 fourth  quarter  and a net loss of $9 million in the year,  compared
with losses of $65 million and $299 million in the 1994 fourth quarter and year,
respectively. The improvement resulted from substantially lower credit costs.

     Total  commercial  cash-basis  loans and Other Real Estate  Owned (OREO) of
$2.2  billion at December  31, 1995,  including  $1.3  billion  related to North
America Commercial Real Estate,  were down $0.9 billion from $3.1 billion a year
earlier and $0.5 billion from $2.6 billion in the third quarter.


<PAGE>


PAGE 8 - Citicorp 1995 results


 The  cross-border  refinancing  portfolio  reported  1995  net  income  of $201
million,  including $58 million in the fourth quarter,  compared to $222 million
in 1994 and $74 million in the fourth quarter.

     Corporate  items had a net loss of $316  million in 1995 and $97 million in
the fourth  quarter,  compared  with  earnings of $327  million in 1994 and $142
million in the 1994 fourth quarter. The key factor in the 1995 results, both for
the year and the quarter, was a significantly lower level of tax benefits.

                                    Capital
                                    -------

         Citicorp  generated  $1.8  billion  of funds in  excess  of  dividends,
capital building and needs for funding business  expansion during the year. $1.5
billion of these funds were used to  repurchase  23.1  million  shares of common
stock,  including  10.8 million  shares for $726 million in the fourth  quarter.
Total capital to risk-adjusted  assets was estimated at 12.3% and Tier 1 capital
at 8.4%, compared with last year's 12.0% and 7.8%, respectively.

     In November Citicorp  completed the redemption of its Conversion  Preferred
Stock, Series 15 (commonly called PERCS). Under the redemptions, Citicorp issued
approximately  27.5  million  shares of common  stock for PERCS,  which had been
issued in October 1992 to raise approximately $1.1 billion of Tier 1 capital.

                                   Employment
                                   ----------

     Total  employment was 85,300 at year-end 1995,  compared with 82,600 a year
earlier. Employees outside the United States increased, especially in support of
consumer activities in emerging markets, as did employment in U.S. cards.





--------------------------------------------------------------------------------

Tables  detailing key financial  data, an analysis of operating  margin,  pretax
earnings,  business results and credit indicators  follow,  along with financial
statements.  Further details  concerning the financial results will be available
in March in Citicorp's Form 10-K.




<PAGE>



Page 9 - Citicorp Fourth Quarter 1995 results - 1/16/96

KEY RATIOS & OTHER CONSOLIDATED FINANCIAL DATA


                                 Fourth Quarter      Full Year
                                  1995    1994     1995    1994
                                 ------  ------   ------  ------
NET INCOME ($M):
 Before Cumulative Effect
  of Accounting Change......    $  905  $1,042  $ 3,464  $3,422
 After Cumulative Effect
  of Accounting Change(A)...       905   1,042    3,464   3,366


NET INCOME PER COMMON SHARE:

On Common & Common
 Equivalent Shares
 Before Cumulative Effect
  of Accounting Change......    $ 1.89  $ 2.20  $  7.21  $ 7.15
 After Cumulative Effect
  of Accounting Change(A)...      1.89    2.20     7.21    7.03

Assuming Full Dilution
 Before Cumulative Effect
  of Accounting Change......    $ 1.72  $ 1.95  $  6.48  $ 6.40
 After Cumulative Effect
  of Accounting Change(A)...      1.72    1.95     6.48    6.29

COMMON STOCKHOLDERS' EQUITY
 PER SHARE..................    $38.64  $34.38

CLOSING STOCK PRICE
 AT QUARTER END.............    $67.25  $41.38


PROFITABILITY RATIOS (Annualized):

Return on Total Assets:
 Before Accounting Change...      1.35%   1.55%    1.29%   1.31%
 After Accounting Change(A).      1.35    1.55     1.29    1.29

Return on Common
 Stockholders' Equity:
 Before Accounting Change...      20.5%   29.0%    20.8%   26.3%
 After Accounting Change(A).      20.5    29.0     20.8    25.8

Return on Total
 Stockholders' Equity:
 Before Accounting Change...      18.6%   24.0%    18.3%   21.8%
 After Accounting Change(A).      18.6    24.0     18.3    21.4

CAPITAL:
 Tier 1 ($B)................    $ 18.9  $ 16.9
 Tier 1 & 2 ($B)(B).........      27.7    26.1

 Tier 1 Ratio(B)............       8.4%    7.8%
 Tier 1 & 2 Ratio(B)........      12.3    12.0

 Common Equity as a
   % of Total Assets........       6.4%    5.4%
 Total Equity as a
   % of Total Assets........       7.6%    7.1%

DIVIDENDS DECLARED ($M):
   Common...................    $  127  $   59  $   492  $  176
   Preferred................        72      91      343     358


(A) The 1994 full year results  include the  cumulative  effect of adopting SFAS
    No. 112, "Employers' Accounting for Postemployment  Benefits," as of January
    1, 1994.
(B) 1995 Estimated.



<PAGE>

Page 10 - Citicorp Fourth Quarter 1995 results - 1/16/96


OPERATING MARGIN
($ Millions)



                             Fourth Quarter       Full Year
                              1995    1994      1995     1994
                             ------  ------    ------   ------

Total Revenue ...........   $4,789  $4,512    $18,678  $16,748

Effect of Credit Card
 Securitization..........      250     189        917      934
Net Cost to Carry(A).....        8      (1)        23       89
Capital Building
 Transactions............        -      60          -      (80)
                             -----   -----     ------   ------

Adjusted Revenue.........    5,047   4,760     19,618   17,691
                             -----   -----     ------   ------

Total Operating Expense..    2,818   2,723     11,102   10,256

Net OREO Benefit
 (Costs)(B)..............       59       5        105       (9)
                             -----   -----     ------   ------

Adjusted Operating
 Expense.................    2,877   2,728     11,207   10,247
                             -----   -----     ------   ------

Operating Margin.........    2,170   2,032      8,411    7,444

Consumer Credit
 Costs(C)................      688     595      2,473    2,338
Commercial Credit
 Costs(D)................      (14)     66         72      239
                             -----   -----     ------   ------
Operating Margin
 Less Credit Costs.......    1,496   1,371      5,866    4,867

Additional Provision(E)..       56      80        281      336

Capital Building
 Transactions............        -     (60)         -       80
                             -----   -----     ------   ------
Income Before Taxes and
 Cumulative Effect of
  Accounting Change......   $1,440  $1,231    $ 5,585  $ 4,611
                             =====   =====     ======   ======




(A) Principally the net cost to carry commercial cash-basis loans and Other Real
    Estate Owned ("OREO").
(B) Principally gains and losses on sales, direct revenue and expense related to
    commercial OREO and writedowns.
(C) Principally consumer net credit write-offs adjusted for the effect of credit
    card receivables securitization.
(D) Includes  commercial net credit write-offs,  net cost to carry, and net OREO
    costs.
(E) Represents  consumer  and  commercial  (excluding   refinancing   portfolio)
    provision  for credit  losses in excess of net  write-offs of $75 million in
    the  quarter and $300  million in the 1995 full year ($100  million and $400
    million, respectively, in 1994). Fourth quarter and full year 1995 reflect a
    reserve  release  of $19  million  related to the  cross-border  refinancing
    portfolio;  releases of $20 million  and $64  million are  reflected  in the
    respective 1994 periods.



<PAGE>

Page 11 - Citicorp Fourth Quarter 1995 results - 1/16/96


BUSINESS FOCUS
Net Income (Loss)

($ Millions)

                             Fourth Quarter     Full Year
                              1995   1994(A)   1995   1994(A)
                             ------  ------   ------  ------

Global Consumer:
 Developed Markets......    $  346  $  285   $1,194  $ 1,095
 Emerging Markets.......       208     185      787      683
                             -----   -----    -----    -----

Total Global Consumer...       554     470    1,981    1,778
                             -----   -----    -----    -----

Global Finance:
 Developed Markets......       168     210      666      581
 Emerging Markets.......       214     211      941      813
                             -----   -----    -----    -----

Total Global Finance....       382     421    1,607    1,394
                             -----   -----    -----    -----


CORE BUSINESSES.........       936     891    3,588    3,172
                             -----   -----    -----    -----

North America Commercial
  Real Estate...........         8     (65)      (9)    (299)

Cross-Border Refinancing
  Portfolio.............        58      74      201      222

Corporate Items(B)......       (97)    142     (316)     327
                             -----   -----    -----    -----
                               905   1,042    3,464    3,422
Cumulative Effect of
  Accounting Change(C)..         -       -        -      (56)
                             -----   -----    -----    -----
Total Citicorp..........    $  905  $1,042   $3,464  $ 3,366
                             =====   =====    =====    =====



(A) Reclassified to conform to current quarter's presentation.
(B) See Corporate Items section for details.
(C) The 1994 full year results include the cumulative effect
    of adopting SFAS No. 112.



<PAGE>



Page 12 - Citicorp Fourth Quarter 1995 results - 1/16/96

GLOBAL CONSUMER
($ Millions)           Fourth Quarter  %       Full Year      %
                        1995   1994(A)Chg    1995    1994(A) Chg
                       ------  ------ ---   ------   ------  ---

Total Revenue........ $2,943  $2,769    6  $11,343  $10,394    9

Total Operating
 Expense.............  1,689   1,646    3    6,700    6,240    7

Provision For
 Credit Losses ......    491     449    9    1,744    1,553   12
                       -----   -----        ------   ------
Income Before Taxes..    763     674   13    2,899    2,601   11
Income Taxes.........    209     204    2      918      823   12
                       -----   -----        ------   ------
Net Income........... $  554  $  470   18  $ 1,981  $ 1,778   11
                       =====   =====        ======   ======

Average Assets ($B).. $  123  $  113    9  $   120  $   106   13

Return on Assets.....   1.79%   1.65%   -     1.65%    1.68%   -

OTHER DATA:

Developed Markets:
Net Income........... $  346  $  285   21  $ 1,194  $ 1,095    9
Average Assets($B)...     88      81    9       86       77   12
Return on Assets.....   1.56%   1.40%   -     1.39%    1.42%   -

Emerging Markets:
Net Income........... $  208  $  185   12  $   787  $   683   15
Average Assets($B)...     35      32    9       34       29   17
Return on Assets.....   2.36%   2.29%   -     2.31%    2.36%   -

Adjusted for Credit-
 Related Items:

 Total Revenue:
   Developed Markets. $2,382  $2,237    6  $ 9,218  $ 8,724    6
   Emerging Markets..    813     718   13    3,054    2,607   17
                       -----   -----        ------   ------
 Total............... $3,195  $2,955    8  $12,272  $11,331    8
                       =====   =====        ======   ======

 Operating Expense:
   Developed Markets. $1,251  $1,235    1  $ 5,015  $ 4,735    6
   Emerging Markets..    443     401   10    1,685    1,457   16
                       -----   -----        ------   ------
 Total............... $1,694  $1,636    4  $ 6,700  $ 6,192    8
                       =====   =====        ======   ======

 Operating Margin:
   Developed Markets. $1,131  $1,002   13  $ 4,203  $ 3,989    5
   Emerging Markets..    370     317   17    1,369    1,150   19
                       -----   -----        ------   ------
 Total............... $1,501  $1,319   14  $ 5,572  $ 5,139    8
                       =====   =====        ======   ======

 Credit Costs (B):
   Developed Markets. $  582  $  550    6  $ 2,176  $ 2,169    -
   Emerging Markets..    106      45   NM      297      169   76
                       -----   -----        ------   ------
 Total............... $  688  $  595   16  $ 2,473  $ 2,338    6
                       =====   =====        ======   ======


(A)  Reclassified to conform to current quarter's presentation.
(B)  Includes U.S.  Bankcards  net credit  losses for both held and  securitized
     receivables  of $402 million and $1,476 million for the 1995 fourth quarter
     and full year,  respectively,  and $316 million and $1,342  million for the
     comparable periods of 1994.
NM   Not meaningful,as percentage exceeds 100%.



<PAGE>



Page 13 - Citicorp Fourth Quarter 1995 results - 1/16/96

GLOBAL FINANCE
($ Millions)            Fourth Quarter   %     Full Year      %
                         1995   1994(A) Chg   1995   1994(A) Chg
                        ------  ------  ---  ------  ------  ---

Total Revenue......... $1,527  $1,584   (4) $6,240  $5,502   13

Total Operating
 Expense..............    992     952    4   3,903   3,433   14

Provision For
 Credit Losses .......     32      41  (22)    164       -   NM
                        -----   -----        -----   -----
Income Before Taxes...    503     591  (15)  2,173   2,069    5
Income Taxes..........    121     170  (29)    566     675  (16)
                        -----   -----        -----   -----
Net Income............ $  382  $  421   (9) $1,607  $1,394   15
                        =====   =====        =====   =====

Average Assets($B).... $  132  $  140   (6) $  136  $  139   (2)

Return on Assets......   1.15%   1.19%   -    1.18%   1.00%   -

OTHER DATA:

Developed Markets:
Net Income............ $  168  $  210  (20) $  666  $  581   15
Average Assets($B)....     82      96  (15)     90      96   (6)
Return on Assets......   0.81%   0.87%   -    0.74%   0.61%   -

Emerging Markets:
Net Income............ $  214  $  211    1  $  941  $  813   16
Average Assets($B)....     50      44   14      46      43    7
Return on Assets......   1.70%   1.90%   -    2.05%   1.89%   -

Adjusted for Credit-
 Related Items:

 Total Revenue:
   Developed Markets.. $  866  $  971  (11) $3,555  $3,183   12
   Emerging Markets...    659     609    8   2,667   2,330   14
                        -----   -----        -----   -----
 Total................ $1,525  $1,580   (3) $6,222  $5,513   13
                        =====   =====        =====   =====

 Operating Expense:
   Developed Markets.. $  653  $  648    1  $2,582  $2,344   10
   Emerging Markets...    347     318    9   1,347   1,166   16
                        -----   -----        -----   -----
 Total................ $1,000  $  966    4  $3,929  $3,510   12
                        =====   =====        =====   =====

 Operating Margin:
   Developed Markets.. $  213  $  323  (34) $  973  $  839   16
   Emerging Markets...    312     291    7   1,320   1,164   13
                        -----   -----        -----   -----
 Total................ $  525  $  614  (14) $2,293  $2,003   14
                        =====   =====        =====   =====

 Credit Costs:
   Developed Markets.. $   (3) $    5   NM  $  (13) $ (128)  90
   Emerging Markets...      -       5   NM      33      12   NM
                        -----   -----        -----   -----
 Total................ $   (3) $   10   NM  $   20  $ (116)  NM
                        =====   =====        =====   =====



(A)  Reclassified to conform to current quarter's presentation.
NM   Not meaningful,as percentage exceeds 100%.


<PAGE>

Page 14 - Citicorp Fourth Quarter 1995 results - 1/16/96


NORTH AMERICA COMMERCIAL REAL ESTATE
($ Millions)

                       Fourth Quarter   %     Full Year      %
                        1995   1994(A) Chg   1995   1994(A) Chg
                       ------  ------  ---  ------  ------  ---

Total Revenue........ $   31  $   26   19  $  150  $   81    85

Total Operating
 Expense.............    (14)     33   NM      48     180   (73)

Provision For
 Credit Losses.......     27      88  (69)    102     394   (74)
                       -----   -----        -----   -----

Income (Loss)
 Before Taxes........     18     (95)  NM       -    (493)   NM

Income Taxes (Benefit).   10     (30)  NM       9    (194)   NM
                       -----   -----        -----   -----
Net Income (Loss).... $    8  $  (65)  NM  $   (9) $ (299)   97
                       =====   =====        =====   =====


OTHER DATA:
Average Assets ($B).. $    4  $    7  (43) $    5  $    8   (38)

Adjusted for Credit-
 Related Items:
  Total Revenue....   $   39  $   32   22  $  179  $  156    15
  Operating Expense..     32      34   (6)    127     142   (11)
  Credit Costs.......    (11)     56   NM      52     357   (85)


(A)  Reclassified to conform to current quarter's presentation.
NM   Not meaningful, as percentage exceeds 100%.





<PAGE>

Page 15 - Citicorp Fourth Quarter 1995 results - 1/16/96


CROSS-BORDER REFINANCING PORTFOLIO
($ Millions)


                      Fourth Quarter    %      Full Year      %
                       1995   1994(A)  Chg   1995   1994(A)  Chg
                      ------  ------   ---   ------  ------  ---
Total Revenue........$   48  $   62   (23)  $  227  $  197   15

Total Operating
 Expense.............     5       4    25       18      16   13

Provision For
 Credit Losses.......   (19)    (20)    5      (19)    (66)  71
                      -----   -----          -----   -----
Income Before Taxes..    62      78   (21)     228     247   (8)
Income Taxes.........     4       4     -       27      25    8
                      -----   -----          -----   -----
Net Income ..........$   58  $   74   (22)  $  201  $  222   (9)
                      =====   =====          =====   =====


OTHER DATA:

Average Assets ($B)..$    3  $    4   (25)  $    3  $    3    -


CORPORATE ITEMS
($ Millions)

                      Fourth Quarter   %       Full Year     %
                       1995   1994(A) Chg    1995   1994(A) Chg
                      -----  ------   ---    -----  ------  ---
Total Revenue........$  240  $   71    NM   $  718  $  574   25

Total Operating
 Expense.............   146      88    66      433     387   12
                      -----   -----          -----   -----
Income(Loss)
 Before Taxes........    94     (17)   NM      285     187   52
Income Taxes(Benefit).  191    (159)   NM      601    (140)  NM
                      -----   -----          -----   -----

Net(Loss)Income(B)...$  (97) $  142    NM   $ (316) $  327   NM
                      =====   =====          =====   =====


(A)  Reclassified to conform to current quarter's presentation.
(B)  Corporate  Items  includes  net  after-tax  losses  from  capital  building
     transactions  of $39 million ($60 million  before taxes) in the 1994 fourth
     quarter as well as net after-tax  gains of $49 million ($80 million  before
     taxes) in the 1994 full year.  Additionally,  Corporate  Items includes the
     offset  created by  attributing  income taxes to business  activities  on a
     local tax basis. Fourth quarter and full year 1995 includes $10 million and
     $40 million respectively, in deferred tax benefits compared to $285 million
     and $629 million in the respective 1994 periods.
NM   Not meaningful, as percentage exceeds 100%.





<PAGE>


Page 16 - Citicorp Fourth Quarter 1995 results - 1/16/96

ASSET QUALITY
COMMERCIAL CASH-BASIS LOANS AND OREO

($ Millions)                4Q       3Q      2Q      1Q      4Q
                           1995     1995    1995    1995    1994
                          ------   ------  ------  ------  ------
Comm'l Cash-Basis Loans:

 Collateral-Dependent(A).$   779  $  899  $1,040  $1,329  $1,347

 Other...................    733     751     582     654     666
                          ------   -----   -----   -----   -----
 Comm'l Cash-Basis Loans
  (excluding Refinancing). 1,512   1,650   1,622   1,983   2,013

 Cross-Border
  Refinancing.............    22      24      30      58     104
                          ------   -----   -----   -----   -----
Total Commercial
 Cash-Basis Loans......... 1,534   1,674   1,652   2,041   2,117

Commercial OREO...........   625     960   1,054   1,014     958
                          ------   -----   -----   -----   -----
Total Commercial
 Cash-Basis Loans & OREO.$ 2,159  $2,634  $2,706  $3,055  $3,075
                          ======   =====   =====   =====   =====

Comm'l Cash-Basis Loans
 (excluding Refinancing):
 N.A. Commercial
  Real Estate............$   862  $1,010  $1,177  $1,467  $1,543
 Global Finance..........    650     640     445     516     470
                          ------   -----   -----   -----   -----
Total Commercial
 Cash-Basis Loans
(excluding Refinancing)..$ 1,512  $1,650  $1,622  $1,983  $2,013
                          ======   =====   =====   =====   =====

ALLOWANCE FOR CREDIT LOSSES

Global Consumer......... $ 1,944  $1,931  $1,923  $1,897  $1,834
Commercial..............   3,424   3,410   3,385   3,373   3,321
                          ------   -----   -----   -----   -----
Total................... $ 5,368  $5,341  $5,308  $5,270  $5,155
                          ======   =====   =====   =====   =====

Reserve for Global Consumer
 Sold Portfolios........ $   486  $  473  $  467  $  450  $  422

ALLOWANCE AS A PERCENTAGE
 OF TOTAL LOANS

Global Consumer.........    1.84%   1.88%   1.91%   1.93%   1.90%
Commercial..............    5.71    5.89    5.90    5.79    5.95

Total...................    3.24%   3.32%   3.36%   3.37%   3.38%

ADDITIONAL DATA

Commercial Allowance
 as a % of Total Commercial
 Cash-Basis Loans.......     223%    204%    205%    165%    157%

Commercial Renegotiated
 Loans.................. $   421  $  395  $  385  $  338  $  718

Consumer Cash-Basis:
 Loans.................. $ 2,660  $2,665  $2,697  $2,693  $2,604
 Assets Pending
  Disposition(A)........ $   205  $  195  $  195  $  209  $  195
Consumer OREO .......... $   529  $  561  $  545  $  601  $  569



(A)  Carried at lower of cost or collateral value.

<PAGE>


Page 17 - Citicorp Fourth Quarter 1995 results - 1/16/96

DETAILS OF CREDIT LOSS EXPERIENCE

($ Millions)

                            4Q      3Q      2Q      1Q      4Q
                           1995    1995    1995    1995    1994
                          ------  ------  ------  ------  ------
NET WRITE-OFFS
 (RECOVERIES):

Global Consumer ......   $  441  $  415  $  379  $  309  $  399

North America
 Commercial
  Real Estate.........       27      37      22      16      51

Global Finance........        7      49      17      (9)     28
                          -----   -----   -----   -----   -----
Total Commercial
 (excluding
  Refinancing)........       34      86      39       7      79
                          -----   -----   -----   -----   -----
Cross-Border
 Refinancing..........       (8)      -      13     (23)    (20)
                          -----   -----   -----   -----   -----

Total.................   $  467  $  501  $  431  $  293  $  458
                          =====   =====   =====   =====   =====


                            4Q      3Q      2Q      1Q      4Q
                           1995    1995    1995    1995    1994
                          -----   -----   -----   -----   -----
PROVISION FOR
 CREDIT LOSSES:

Global Consumer.......   $  491  $  465  $  429  $  359  $  449

North America
 Commercial
  Real Estate.........       27      37      22      16      88

Global Finance........       32      74      42      16      41
                          -----   -----   -----   -----   -----
Total Commercial
 (excluding
  Refinancing)........       59     111      64      32     129
                          -----   -----   -----   -----   -----
Cross-Border
 Refinancing..........      (19)      -       -       -     (20)
                          -----   -----   -----   -----   -----

Total.................   $  531  $  576  $  493  $  391  $  558
                          =====   =====   =====   =====   =====


COMMERCIAL NET OREO
 WRITEDOWNS(NET GAINS
  ON SALES):

North America
 Commercial
  Real Estate.........   $  (38) $   (6) $    9  $   10  $    7
Global Finance........       (8)     (8)    (10)     (1)    (14)
                          -----   -----   -----   -----   -----
Total.................   $  (46) $  (14) $   (1) $    9  $   (7)
                          =====   =====   =====   =====   =====


<PAGE>


Page 18 - Citicorp Fourth Quarter 1995 results - 1/16/96

CONSOLIDATED STATEMENT OF INCOME                 CITICORP and Subsidiaries
(In Millions of Dollars,
 Except Per Share Amounts)

                                 Fourth Quarter   %     Full Year       %
                                  1995    1994  Chg    1995    1994    Chg
                                 ------  ------ ---   ------  ------   ---

Interest Revenue....             $5,858  $5,402    8  $22,963 $23,813   (4)
Interest Expense....              3,298   3,080    7   13,012  14,902  (13)
                                  -----   -----        ------  ------
 Net Interest Revenue             2,560   2,322   10    9,951   8,911   12
                                  -----   -----        ------  ------
Fees & Commissions...             1,372   1,377    -    5,165   5,155    -
Trading Account......               196      29   NM      559     158   NM
Foreign Exchange.....               175     185   (5)   1,053     573   84
Securities Trans.....                67      22   NM      132     200  (34)
Other Revenue........               419     577  (27)   1,818   1,751    4
                                  -----   -----        ------  ------
 Total Fees, Commissions
  and Other Revenue...            2,229   2,190    2    8,727   7,837   11
                                  -----   -----        ------  ------
TOTAL REVENUE.........            4,789   4,512    6   18,678  16,748   12
                                  -----   -----        ------  ------
PROVISION FOR
 CREDIT LOSSES........              531     558   (5)   1,991   1,881    6
                                  -----   -----        ------  ------
Operating Expense:
 Salaries.............            1,124   1,051    7    4,445   4,029   10
 Staff Benefits.......              302     284    6    1,281   1,136   13
 Net Premises &
  Equipment Expense...              438     427    3    1,698   1,583    7
 Other Expense........              954     961   (1)   3,678   3,508    5
                                  -----   -----        ------  ------
TOTAL OPERATING
 EXPENSE..............            2,818   2,723    3   11,102  10,256    8
                                  -----   -----        ------  ------
INCOME BEFORE TAXES
 AND CUMULATIVE EFFECT
 OF ACCOUNTING CHANGE.            1,440   1,231   17    5,585   4,611   21
 Income Taxes.........              535     189   NM    2,121   1,189   78
                                  -----   -----        ------  ------
INCOME BEF. CUMULATIVE
 EFFECT OF ACCTG CHANGE             905   1,042  (13)   3,464   3,422    1

Cumulative Effect of
 Accounting Change(A).                -       -    -        -     (56)  NM
                                  -----   -----        ------  ------
NET INCOME...........            $  905  $1,042  (13) $ 3,464 $ 3,366    3
                                  =====   =====        ======  ======
INCOME APPLICABLE
 TO COMMON STOCK.....            $  836  $  950  (12) $ 3,126 $ 3,010    4
                                  =====   =====        ======  ======

EARNINGS PER SHARE:

On Common & Common Equiv. Shs
Income Before Cumulative
 Eff. of Acctg Chg....        $ 1.89  $ 2.20         $  7.21 $  7.15    
Income After Cumulative
 Eff. of Acctg Chg....        $ 1.89  $ 2.20         $  7.21 $  7.03    

Assuming Full Dilution
Income Before Cumulative
 Eff. of Acctg Chg....        $ 1.72  $ 1.95         $  6.48 $  6.40    
Income After Cumulative
 Eff. of Acctg Chg....        $ 1.72  $ 1.95         $  6.48 $  6.29    



(A)  The 1994 full year results  include the cumulative  effect of adopting SFAS
     No. 112.
NM   Not meaningful, as percentage exceeds 100%.





<PAGE>


Page 19 - Citicorp Fourth Quarter 1995 results - 1/16/96

CONSOLIDATED BALANCE SHEET              CITICORP and Subsidiaries
(In Millions of Dollars)

                                      Dec. 31       Dec. 31    %
                                        1995          1994    Chg
                                      -------       -------   ---
ASSETS
Cash and Due from Banks.........     $  5,723      $  6,470  (12)
Deposits at Interest with Banks.        9,028         6,862   32
Securities(A):
 Held to Maturity...............            -         5,092    -
 Available for Sale.............       18,213        13,602   34
 Venture Capital................        1,854         2,009   (8)
Trading Account Assets..........       32,093        38,875  (17)
Federal Funds Sold &
 Securities Purchased
 Under Resale Agreements........        8,113         6,995   16
Loans, Net of Unearned Income
 Consumer.......................      105,643        96,600    9
 Commercial.....................       59,999        55,820    7
                                      -------       -------
    Total Loans, Net............      165,642       152,420    9
Allowance for Credit Losses.....       (5,368)       (5,155)  (4)
Customers' Acceptance Liability.        1,542         1,420    9
Premises & Equipment, Net.......        4,339         4,062    7
Interest & Fees Receivable......        2,914         2,654   10
Other Assets....................       12,760        15,183  (16)
                                      -------       -------
Total...........................     $256,853      $250,489    3
                                      =======       =======

LIABILITIES
Non-Int. Deposits (in the U.S.).     $ 13,388      $ 13,648   (2)
Int. Deposits (in the U.S.).....       36,700        35,699    3
Non-Int. Deposits (Outside the
 U.S.)..........................        8,164         7,212   13
Int. Deposits(Outside the U.S.).      108,879        99,167   10
                                      -------       -------
    Total Deposits..............      167,131       155,726    7

Trading Account Liabilities.....       18,274        22,382  (18)
Purchased Funds &
 Other Borrowings...............       16,334        20,907  (22)
Acceptances Outstanding.........        1,559         1,440    8
Accrued Taxes & Other Expenses..        5,719         5,493    4
Other Liabilities...............        9,767         8,878   10
Long-Term Debt..................       17,151        16,497    4
Subordinated Capital Notes......        1,337         1,397   (4)

STOCKHOLDERS' EQUITY
Preferred Stock
 (Without Par Value)............        3,071         4,187  (27)
Common Stock (Par value $1.00)..          461           421   10
Surplus.........................        5,702         4,194   36
Retained Earnings ..............       12,190         9,561   27
Net Unrealized Gains -
 Securities Available for Sale(A)         132           278  (53)
Foreign Currency Translation....         (437)         (471)   7
Common Stock in Treasury,
 at Cost(B).....................       (1,538)         (401)  NM
                                      -------       -------
    Total Stockholders' Equity..       19,581        17,769   10
                                      -------       -------
Total...........................     $256,853      $250,489    3
                                      =======       =======




(A)  Reflects   the   transfer   of  $4.7   billion  of   securities   from  the
     Held-to-Maturity  portfolio  to the  Available-for-Sale  portfolio  at fair
     value ($4.3 billion) as of November 30, 1995, as permitted under guidelines
     issued by the FASB. As a result,  total equity  decreased $260 million (net
     of tax).
(B)  Amount at December  31, 1995  primarily  reflects  the  repurchase  of 23.1
     million shares during 1995 at a cost of $1.5 billion.
NM   Not meaningful, as percentage exceeds 100%.





<PAGE>


Page 20 - Citicorp Fourth Quarter 1995 results - 1/16/96


ADDITIONAL FINANCIAL DATA


                           4Q       3Q      2Q      1Q      4Q
                          1995     1995    1995    1995    1994
                         ------   ------  ------  ------  ------
NET INTEREST
 REVENUE(A)
($ Millions)

Net Interest
 Revenue.............   $ 2,569  $ 2,606 $ 2,476 $ 2,333 $ 2,328

Effect of Credit Card
 Securitizations.....       537      508     497     468     470
                         ------   ------  ------  ------  ------

Total Adjusted Net
 Interest Revenue....   $ 3,106  $ 3,114 $ 2,973 $ 2,801 $ 2,798
                         ======   ======  ======  ======  ======

Net Interest Margin..      4.51%    4.67%   4.42%   4.23%   4.21%

Net Interest Margin
 (Adjusted)..........      4.91%    5.04%   4.80%   4.61%   4.61%


CONSOLIDATED AVERAGE
 BALANCES

                           4Q       3Q      2Q      1Q      4Q
                          1995     1995    1995    1995    1994
                         ------   ------  ------  ------  ------

Loans($B):
 Consumer............   $   103  $   101 $    99 $    96 $    93
 Commercial..........        58       56      57      56      56
                         ------   ------  ------  ------  ------
Total Average
 Loans($B)...........   $   161  $   157 $   156 $   152 $   149
                         ======   ======  ======  ======  ======


Average Credit Card
 Securitizations($B).   $    25  $    24 $    23 $    22 $    22

Total Average
 Assets($B)..........   $   266  $   266 $   273 $   269 $   267

Avg. Interest
 Earning
 Assets($B)..........   $   226  $   221 $   225 $   224 $   219


Common
 Stockholders'
 Equity ($M).........   $16,166  $15,716 $14,568 $13,653 $13,003

Preferred
 Equity ($M).........     3,169    3,717   4,326   4,262   4,187
                         ------   ------  ------  ------  ------
Total Average
 Stockholders'
 Equity ($M).........   $19,335  $19,433 $18,894 $17,915 $17,190
                         ======   ======  ======  ======  ======


(A)  Taxable Equivalent Basis.


<PAGE>


Page 21 - Citicorp Fourth Quarter 1995 results - 1/16/96


EARNINGS PER SHARE DATA

(Before Cumulative Effect
 of Accounting Change in 1994)


                           Fourth Quarter         Full Year
                           1995      1994      1995       1994
                         -------   -------   -------    -------
On Common and Common
 Equivalent Shares(A):

 Earnings($ Millions).. $    840  $    973  $  3,188   $  3,159

 Shares(Thousands)(B)..  444,861   443,095   442,061    441,695

 Earnings Per Share(D). $   1.89  $   2.20  $   7.21   $   7.15



Assuming Full Dilution(C):

 Earnings($ Millions).. $    868  $  1,007  $  3,315   $  3,295

 Shares(Thousands)(B)..  505,700   517,829   511,453    515,052

 Earnings Per Share(D). $   1.72  $   1.95  $   6.48   $   6.40



COMMON SHARES OUTSTANDING
(In Thousands)

 End Of Period.........                      427,289    395,081



(A)  For earnings per share on common and common equivalent shares, dividends on
     Conversion  Preferred Stock,  Series 15 are added back to income applicable
     to common stock,  and the number of shares issuable on conversion are added
     to weighted-average  shares  outstanding.  Also added to shares outstanding
     are other common  equivalent  shares and book value shares  issuable  under
     certain benefit plans.
(B)  Total shares in the fourth  quarter and full year of 1995  reflect  average
     share repurchases of 17.5 million and 5.8 million, respectively.
(C)  For earnings per share assuming full dilution,  the dividends on Conversion
     Preferred  Stock,  Series 15 are added back to income  applicable to common
     stock,  and the  number  of  shares  issuable  on  conversion  are added to
     weighted-average shares outstanding. Additionally, dividends on Convertible
     Preferred  Stock,  Series 12 and 13 are added back to income  applicable to
     common stock,  and the shares  issuable on  conversion  are added to shares
     outstanding.  The number of common  equivalent  and book  value  shares are
     calculated on a fully diluted basis as well.
(D)  Full year 1995  calculations  reflect  the actual  number of common  shares
     issued in connection  with the redemptions of Conversion  Preferred  Stock,
     Series 15. Previously  reported interim periods included greater numbers of
     common shares for unredeemed  Series 15 shares  computed  under  applicable
     accounting guidelines based on market prices in those periods. As a result,
     full year 1995 earnings per share amounts  exceed the amounts that would be
     derived from adding interim periods.





<PAGE>


Page 22 - Citicorp Fourth Quarter 1995 results - 1/16/96


OTHER REVENUE
($ Millions)

                               Fourth Quarter       Full Year
                               1995    1994(A)    1995    1994(A)
                              ------   ------    ------   ------

Securitized Credit
 Card Receivables..........  $   254  $   260   $   988  $   955

Venture Capital Gains......       28      213       390      365

Affiliate Earnings.........       51       46       208      208

U.S. Mortgage Pass-Through
 Securitization Activity...        6        1        17      (59)

Foreign Currency Translation
 (Losses).................        (4)      (6)       (2)      (8)

Capital Building
 Transactions..............        -      (60)        -        9

Net Asset Gains and
 Other Items...............       84      123       217      281
                              ------   ------    ------   ------

Total.....................   $   419  $   577   $ 1,818  $ 1,751
                              ======   ======    ======   ======


TRADING-RELATED REVENUE
($ Millions)
                               Fourth Quarter       Full Year
                               1995     1994      1995     1994
                              ------   ------    ------   ------
By Income Statement Line:

 Trading and
  Foreign Exchange.........  $   371  $   214   $ 1,612  $   731
 Other (Primarily Net
  Interest Revenue)........      112      117       377      638
                              ------   ------    ------   ------
 Total.....................  $   483  $   331   $ 1,989  $ 1,369
                              ======   ======    ======   ======


By Trading Activity:

 Foreign Exchange..........  $   262  $   194   $ 1,124  $   689
 Derivative................      116       59       472      395
 Fixed Income..............       10       13        65       (8)
 Other.....................       95       65       328      293
                              ------   ------    ------   ------
 Total.....................  $   483  $   331   $ 1,989  $ 1,369
                              ======   ======    ======   ======


By Business Sector:

 Developed Markets........   $   263  $   178   $ 1,079  $   648
 Emerging Markets.........       150      109       658      539
                              ------   ------    ------   ------
 Total Global Finance......      413      287     1,737    1,187
 Global Consumer and Other.       70       44       252      182
                              ------   ------    ------   ------
Total......................  $   483  $   331   $ 1,989  $ 1,369
                              ======   ======    ======   ======



(A)  Reclassified to conform to current quarter's presentation.

<PAGE>




                                   SIGNATURES

         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  registrant  has duly caused this report and  amendment  to be signed on its
behalf by the undersigned thereunto duly authorized.



                                    CITICORP
                                    (Registrant)


                                      By:/s/ Thomas E. Jones
                                         -----------------------------
                                         Thomas E. Jones
                                         Executive Vice President
                                         A Principal Financial Officer




Dated:  January 19, 1996