Pricing Supplement No.45 Dated November 3,1994 Rule 424(b)(2)
(To Prospectus dated February 15, 1994 and File No. 33-57104
Prospectus Supplement dated February 15, 1994)
CHEMICAL BANKING CORPORATION
[X] Senior Medium -Term Notes, Series C Due From Nine
Months to Thirty Years from Date of Issue
[ ] Subordinated Medium Term Notes , Series A Due From
Nine Months to Thirty Years from Date of Issue
Principal Amount:$10,000,000
Issue Price: 100%
Commission or Discount: ($0.00)
Proceeds to Company: ($10,000,000.00)
Agent:CSI.
Agent's Capacity: [x] As agent [ ] As principal
If as principal
[ ] The Notes are being offered at varying prices to
prevailing market prices at the time of sale
[ ] The Notes are being offered at a fixed initial public
offering price equal to the Issue Price (as a
percentage of Principal Amount).
Original Issue Date: November 3, 1994
Stated Maturity: November 3, 1999
Form: [X] Book-entry [ ] Certificated
Currency: U.S. Dollars
[ ] Fixed Rate Note:
Interest Rate:
[X] Floating Rate Note: CD[ ] Commercial Paper Rate [ ]
Federal Fund Effective Rate [ ]
LIBOR Telerate [X] LIBOR Reuter [ ]
Treasury Rate [ ] Prime Rate [ ]
Initial Interest Rate:6.005 CAP: 10%
Int.Determ.Dates : 11/01/94; 02/01/95; 05/01/95; 08/01/95;
11/01/95; 02/01/96; 05/01/96; 08/01/96; 10/31/96; 01/31/97;
05/01/97; 08/01/97; 10/30/97; 01/30/98; 04/30/98; 07/30/98;
10/30/98; 02/01/99; 04/29/99; 07/30/99.
Int. Payment Dates: 02/03/95; 05/03/95; 08/03/95; 11/03/95;
02/05/96; 05/03/96; 08/05/96; 11/04/96; 02/03/97; 05/05/97;
08/04/97; 11/03/97; 02/03/98; 05/04/98; 08/03/98; 11/03/98;
02/03/99; 05/03/99; 08/03/99; 11/03/99.
Index Maturity: 3 month
Spread (+/-): +.38
Spread Multiplier:
Maximum Interest Rate: 10% CAP
Minimum Interest Rate: N/A
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices: