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. 33 Dated June 16, 2017
TO PROSPECTUS Dated March 31, 2016





Interest Rate:
0.950% 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: June 16, 2017








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