Document


Rule 424 (b) (3)
Registration No. 333-210526


U.S. $20,000,000,000.00
National Rural Utilities CFC
VARIABLE DENOMINATION FLOATING
RATE DEMAND NOTES

Pricing Supplement No. 34 Dated March 9, 2018
TO PROSPECTUS Dated March 31, 2016




Interest Rate:
1.000% per annum
Rates will be set daily. Eligible Investor[1] will purchase a Variable Rate Note, containing a promise from CFC to repay the note plus interest upon the receipt of a Redemption Notice from the Eligible Investor.

Period Beginning: March 9, 2018





[1] Generally CFC members and other rural utilities which have been determined to satisfy federal and state eligibility criteria.