NEW YORK - Citicorp's nonperforming assets are still rising, although the pace of that rise continues to slow, chairman John Reed said Tuesday.

Mr. Reed, speaking at a conference sponsored by Donaldson, Lufkin & Jenrette, also said that the company will continue to cut costs in 1993, though less drastically than this year. He said more layoffs would occur, but he did not specify a number.

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