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CITIBANK FILES REGISTRATION STATEMENT WITH SEC

 NEW YORK, May 6 /PRNewswire/ -- Citibank announced today that it filed a registration statement with the Securities and Exchange Commission on Form S-3 to establish a shelf program pursuant to Rule 415 to allow for the issuance of up to $4 billion of credit card asset- backed securities. Standard Credit Card Master Trust 1 ("SCCMT") will be the issuer of such credit card asset-backed securities. SCCMT consists of $12 billion in credit card receivables, of which $11 billion has been securitized.
 A registration statement relating these securities has been filed with the Securities and Exchange Commission but has yet not become effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Written requests for copies of the Prospectus should be directed to Mr. Gregg Silver at Citicorp Credit Services, Inc., One Court Square, Long Island City, N.Y. 11120. Telephone requests for the prospectus should be directed to the above at 718-248-5828.
 -0- 5/6/93
 /CONTACT: Maria Rullo, 212-559-0409, or (investors) Frederick Roesch, 212-559-2715, both of Citibank/


CO: Citibank, N.A. ST: New York IN: FIN SU:

TS-AH -- NY082 -- 5490 05/06/93 13:10 EDT
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Publication:PR Newswire
Date:May 6, 1993
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