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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D. C. 20549
FORM 11-K
ANNUAL REPORT
Pursuant to Section 15(d) of the
Securities Exchange Act of 1934
For the year ended December 31, 1993
BAYBANKS SAVINGS AND PROFIT SHARING PLAN
(Full title of the plan)
BAYBANKS, INC.
(Name of issuer of the securities)
175 Federal Street
Boston, Massachusetts 02110
(Address of principal executive office)
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<TABLE>
INDEX
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<CAPTION>
(a) Financial Statements Page No.
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<S> <C> <C>
Independent Auditors' Report 3
Statements of Financial Condition,with Fund
Information - December 31, 1993 and 1992 4-5
Statements of Income and Changes in
Plan Equity, with Fund Information-
Years Ended December 31, 1993,
1992 and 1991 6-8
Notes to Financial Statements 9-15
Schedule 1.- Item 27a-Schedule of Assets Held
for Investment Purposes- December 31, 1993 16
Schedule 2.- Item 27d-Schedule of Reportable
Transactions- Year Ended December 31, 1993 17
(b) Signature 18
(c) Consent of Independent Auditors 19
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
members of the Profit Sharing Plan Committee (which administers the Plan) have
duly caused this annual report to be signed by the undersigned thereunto duly
authorized.
BAYBANKS SAVINGS AND PROFIT SHARING PLAN
/s/ ILENE BEAL
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Ilene Beal
Chairman
Profit Sharing Committee
Date: June 23, 1994
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CONSENT OF INDEPENDENT AUDITORS
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The Board of Directors
BayBanks, Inc.:
We consent to the incorporation by reference in the Registration Statement (No.
2-89461) on Form S-8 of our report dated June 7, 1994, relating to the
statements of financial condition of the BayBanks Savings and Profit Sharing
Plan as of December 31, 1993 and 1992, the related schedules as of December 31,
1993, and the related statements of income and changes in plan equity for each
of the years in the three-year period ended December 31, 1993, which report
appears in the December 31, 1993 annual report on Form 11-K of the BayBanks
Savings and Profit Sharing Plan.
(Signed) KPMG Peat Marwick
Boston, Massachusetts
June 20, 1994
