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: January 17, 2002
                        ---------------------------------
                        (Date of earliest event reported)

                                    Citicorp
                -------------------------------------------------
               (Exact name of registrant as specified in charter)





      Delaware                   1-5738                  06-1515595
--------------------------------------------------------------------------------
(State or other juris-        (Commission             (I.R.S. Employer
diction of incorporation)     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>


Item 5. Other Events.

Results of Operations
(Unaudited)

     This report  summarizes  the  results of  operations  of  Citicorp  and its
subsidiaries for the three- and twelve-month periods ended December 31, 2001 and
December 31, 2000.  Citigroup  Inc.,  the ultimate  parent  company of Citicorp,
filed a Current Report on Form 8-K dated January 17, 2002.  That report contains
certain additional information about Citicorp's businesses.


<PAGE>




CONSOLIDATED STATEMENTS OF INCOME        CITICORP AND SUBSIDIARIES
(Unaudited)

(In Millions of Dollars)

                                           Fourth Quarter           Full Year
                                        -------------------   ------------------
                                           2001     2000          2001     2000
                                        -------------------   ------------------

INTEREST REVENUE
Loans, including Fees                     $9,542  $10,062      $39,484  $37,226
Deposits with Banks                          321      407        1,267    1,251
Federal Funds Sold and Securities
  Purchased Under Resale Agreements           82      133          509      406
Securities, including Dividends              808      865        3,785    3,426
Trading Account Assets                       586      268        1,421      988
Loans Held For Sale                          289      321        1,483      912
                                        -------------------   ------------------
                                          11,628   12,056       47,949   44,209
                                        -------------------   ------------------

INTEREST EXPENSE
Deposits                                   2,006    3,693       11,865   13,323
Trading Account Liabilities                   12       12           49       56
Purchased Funds and Other Borrowings         740    1,076        3,333    3,987
Long-Term Debt                               918    1,349        4,934    4,679
                                        -------------------   ------------------
                                           3,676    6,130       20,181   22,045
                                        -------------------   ------------------

NET INTEREST REVENUE                       7,952    5,926       27,768   22,164
                                        -------------------   ------------------

POLICYHOLDER BENEFITS AND CLAIMS             144      339          953      883
PROVISION FOR CREDIT LOSSES                2,261    1,507        6,790    5,339
                                        -------------------   ------------------
  TOTAL BENEFITS, CLAIMS, AND              2,405    1,846        7,743    6,222
   CREDIT LOSSES                        -------------------   ------------------

NET INTEREST REVENUE AFTER
  BENEFITS, CLAIMS, AND CREDIT LOSSES      5,547    4,080       20,025   15,942
                                        -------------------   ------------------
FEES, COMMISSIONS, AND OTHER REVENUE
Fees and Commissions                       3,013    3,018       11,414   11,147
Foreign Exchange                             529      300        2,383    1,404
Trading Account                              194      514        1,283    1,663
Securities Transactions                      (64)      89           77      835
Other Revenue                              1,349    1,093        4,160    5,245
                                        -------------------   ------------------
                                           5,021    5,014       19,317   20,294
                                        -------------------   ------------------

OPERATING EXPENSE
Salaries                                   2,272    2,335        9,144    8,654
Employee Benefits                            498      365        1,810    1,636
                                        -------------------   ------------------
  Total Employee                           2,770    2,700       10,954   10,290
Net Premises and Equipment                   819      819        3,056    3,246
Restructuring-Related Items {a}              (27)     644          336      738
Other Expense                              2,608    2,440        9,775    9,047
                                        -------------------   ------------------
                                           6,170    6,603       24,121   23,321
                                        -------------------   ------------------

INCOME BEFORE INCOME TAXES, MINORITY
  INTEREST AND CUMULATIVE EFFECT OF
   ACCOUNTING CHANGES                      4,398    2,491       15,221   12,915
INCOME TAXES                               1,446      947        5,351    4,766
MINORITY INTEREST, NET OF INCOME TAXES        37       11           84       39
                                        -------------------   ------------------
INCOME BEFORE CUMULATIVE EFFECT OF
 ACCOUNTING CHANGES                        2,915    1,533        9,786    8,110
CUMULATIVE EFFECT OF ACCOUNTING
 CHANGES {b}                                   -        -        (144)        -
                                        -------------------   ------------------
NET INCOME                                $2,915  $ 1,533      $ 9,642  $ 8,110
                                        ===================   ==================

{a}  The 2001 fourth quarter includes reversals of $(40) million and accelerated
     depreciation  of $13  million.  The 2001 full year  includes new charges of
     $315 million,  reversals of $(40) million and  accelerated  depreciation of
     $61 million.  The 2000 fourth quarter includes new charges of $659 million,
     reversals of $(22) million and accelerated depreciation of $7 million. The
     2000 full year  includes new charges of $734  million,  reversals of $(64)
     million and accelerated depreciation of $68 million.

{b}  Accounting Changes refer to the first quarter 2001 adoption of Statement of
     Financial   Accounting   Standards  No.  133,  "Accounting  for  Derivative
     Instruments and Hedging  Activities",  as amended (SFAS 133) and the second
     quarter 2001 adoption of EITF issue 99-20  "Recognition  of Interest Income
     and   Impairment  on  Purchased  and  Retained   Beneficial   Interests  in
     Securitized Financial Assets" (EITF 99-20).


<PAGE>


                                    SIGNATURE

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



                                              CITICORP
                                              (Registrant)

                                           By:/s/ William P. Hannon
                                              ----------------------
                                              William P. Hannon
                                              Controller


Dated:  January 18, 2002
[{"type": "8-K", "sequence": "1", "filename": "citicorp8k4k.txt", "description": "CITICORP8K4Q", "secsgml_size_bytes": 8573}]
{"company-data": {"conformed-name": "CITICORP", "cik": "0000020405", "assigned-sic": "6021", "irs-number": "132614988", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-05738", "film-number": "02513749"}, "business-address": {"street1": "399 PARK AVE", "city": "NEW YORK", "state": "NY", "zip": "10043", "phone": "2125591000"}, "mail-address": {"street1": "425 PARK AVE- 2ND F", "street2": "ATTN: LEGAL AFFAIRS OFFICE", "city": "NEW YORK", "state": "NY", "zip": "10043"}, "former-company": [{"former-conformed-name": "CITY BANK OF NEW YORK NATIONAL ASSOCIATI", "date-changed": "19680903"}, {"former-conformed-name": "FIRST NATIONAL CITY CORP", "date-changed": "19740414"}]}
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: January 17, 2002
                        ---------------------------------
                        (Date of earliest event reported)

                                    Citicorp
                -------------------------------------------------
               (Exact name of registrant as specified in charter)

      Delaware                   1-5738                  06-1515595
--------------------------------------------------------------------------------
(State or other juris-        (Commission             (I.R.S. Employer
diction of incorporation)     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)
Item 5. Other Events.

Results of Operations
(Unaudited)

     This report  summarizes  the  results of  operations  of  Citicorp  and its
subsidiaries for the three- and twelve-month periods ended December 31, 2001 and
December 31, 2000.  Citigroup  Inc.,  the ultimate  parent  company of Citicorp,
filed a Current Report on Form 8-K dated January 17, 2002.  That report contains
certain additional information about Citicorp's businesses.
CONSOLIDATED STATEMENTS OF INCOME        CITICORP AND SUBSIDIARIES
(Unaudited)

(In Millions of Dollars)

                                           Fourth Quarter           Full Year
                                        -------------------   ------------------
                                           2001     2000          2001     2000
                                        -------------------   ------------------

INTEREST REVENUE
Loans, including Fees                     $9,542  $10,062      $39,484  $37,226
Deposits with Banks                          321      407        1,267    1,251
Federal Funds Sold and Securities
  Purchased Under Resale Agreements           82      133          509      406
Securities, including Dividends              808      865        3,785    3,426
Trading Account Assets                       586      268        1,421      988
Loans Held For Sale                          289      321        1,483      912
                                        -------------------   ------------------
                                          11,628   12,056       47,949   44,209
                                        -------------------   ------------------

INTEREST EXPENSE
Deposits                                   2,006    3,693       11,865   13,323
Trading Account Liabilities                   12       12           49       56
Purchased Funds and Other Borrowings         740    1,076        3,333    3,987
Long-Term Debt                               918    1,349        4,934    4,679
                                        -------------------   ------------------
                                           3,676    6,130       20,181   22,045
                                        -------------------   ------------------

NET INTEREST REVENUE                       7,952    5,926       27,768   22,164
                                        -------------------   ------------------

POLICYHOLDER BENEFITS AND CLAIMS             144      339          953      883
PROVISION FOR CREDIT LOSSES                2,261    1,507        6,790    5,339
                                        -------------------   ------------------
  TOTAL BENEFITS, CLAIMS, AND              2,405    1,846        7,743    6,222
   CREDIT LOSSES                        -------------------   ------------------

NET INTEREST REVENUE AFTER
  BENEFITS, CLAIMS, AND CREDIT LOSSES      5,547    4,080       20,025   15,942
                                        -------------------   ------------------
FEES, COMMISSIONS, AND OTHER REVENUE
Fees and Commissions                       3,013    3,018       11,414   11,147
Foreign Exchange                             529      300        2,383    1,404
Trading Account                              194      514        1,283    1,663
Securities Transactions                      (64)      89           77      835
Other Revenue                              1,349    1,093        4,160    5,245
                                        -------------------   ------------------
                                           5,021    5,014       19,317   20,294
                                        -------------------   ------------------

OPERATING EXPENSE
Salaries                                   2,272    2,335        9,144    8,654
Employee Benefits                            498      365        1,810    1,636
                                        -------------------   ------------------
  Total Employee                           2,770    2,700       10,954   10,290
Net Premises and Equipment                   819      819        3,056    3,246
Restructuring-Related Items {a}              (27)     644          336      738
Other Expense                              2,608    2,440        9,775    9,047
                                        -------------------   ------------------
                                           6,170    6,603       24,121   23,321
                                        -------------------   ------------------

INCOME BEFORE INCOME TAXES, MINORITY
  INTEREST AND CUMULATIVE EFFECT OF
   ACCOUNTING CHANGES                      4,398    2,491       15,221   12,915
INCOME TAXES                               1,446      947        5,351    4,766
MINORITY INTEREST, NET OF INCOME TAXES        37       11           84       39
                                        -------------------   ------------------
INCOME BEFORE CUMULATIVE EFFECT OF
 ACCOUNTING CHANGES                        2,915    1,533        9,786    8,110
CUMULATIVE EFFECT OF ACCOUNTING
 CHANGES {b}                                   -        -        (144)        -
                                        -------------------   ------------------
NET INCOME                                $2,915  $ 1,533      $ 9,642  $ 8,110
                                        ===================   ==================

{a}  The 2001 fourth quarter includes reversals of $(40) million and accelerated
     depreciation  of $13  million.  The 2001 full year  includes new charges of
     $315 million,  reversals of $(40) million and  accelerated  depreciation of
     $61 million.  The 2000 fourth quarter includes new charges of $659 million,
     reversals of $(22) million and accelerated depreciation of $7 million. The
     2000 full year  includes new charges of $734  million,  reversals of $(64)
     million and accelerated depreciation of $68 million.

{b}  Accounting Changes refer to the first quarter 2001 adoption of Statement of
     Financial   Accounting   Standards  No.  133,  "Accounting  for  Derivative
     Instruments and Hedging  Activities",  as amended (SFAS 133) and the second
     quarter 2001 adoption of EITF issue 99-20  "Recognition  of Interest Income
     and   Impairment  on  Purchased  and  Retained   Beneficial   Interests  in
     Securitized Financial Assets" (EITF 99-20).
SIGNATURE

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

                                              CITICORP
                                              (Registrant)

                                           By:/s/ William P. Hannon
                                              ----------------------
                                              William P. Hannon
                                              Controller

Dated:  January 18, 2002