PROSPECTUS SUPPLEMENT
Dated December 20, 1995
to the Prospectus dated August 4, 1994
Set forth below are additions and deletions which have been
made to the Prospectus of Chemical Banking Corporation (the
"Company") since the date of the Prospectus to the date of
this Prospectus Supplement. Terms not defined herein are
defined in the attached Prospectus.
1. The section entitled "Terms and Provisions of
Subordinated Medium-Term Notes, Series A" is amended by
deleting the second paragraph and inserting the following in
lieu thereof:
"Set forth below is a table indicating the issuance date
and the maturities of the $65,000,000 aggregate principal
amount of Subordinated Medium-Term Notes, Series A issued
since the date of the Prospectus.
<TABLE>
<C> <C> <C> <C>
Issuance Date Principal
Amount Maturity Date Rate
April 5, 1995 15,000,000 April 5, 2005 See Note 1 below
May 24, 1995 15,000,000 May 24, 2002 7.11%
May 25, 1995 25,000,000 May 25, 2007 7.73%
June 15, 1995 10,000,000 June 15, 2010 7.25%
(1) Until April 5, 1999 the rate shall be 10.00%. From and
after April 6, 1999 the rate shall be 12.125% - minus six-
month LIBOR."
</TABLE>
2. The following new section is added at the end of "Terms
and Provisions of 6-5/8% Senior Notes Due 1998" and before
"Terms and Provisions of Senior Medium-Term Notes, Series C".
"Terms and Provisions of Senior Medium-Term Notes, Series B.
Set forth below is a table indicating the issuance date
and the maturities of the $207,250,000 aggregate principal
amount of Subordinated Medium-Term Notes, Series B (the
"Series B Notes") issued and outstanding as of the date of
this Prospectus. The Series B Notes are not subject to any
sinking fund and are not subject to redemption or repayment
prior to maturity. The Series B Notes have either (a) fixed
interest rates or (b) floating interest rates which are
determined, and adjusted periodically, by reference to an
interest rate basis or formula.
<TABLE>
<C> <C> <C> <C>
Issuance Date Principal
Amount Maturity Date Rate
March 31, 1995 1,250,000 August 30, 2004 Zero Coupon
April 7, 2005 3,000,000 April 7, 2002 Zero Coupon
April 28, 1995 8,500,000 May 15, 2005 7.60%
May 5, 1995 8,000,000 May 15, 2005 7.60%
May 12, 1995 4,750,000 May 15, 2005 7.60%
May 17, 1995 25,000,000 May 17, 2005 7.50%
May 19, 1995 3,000,000 June 15, 2005 7.25%
May 25, 1995 50,000,000 May 15, 2010 7.50%
May 26, 1995 1,250,000 June 15, 2005 7.15%
June 2, 1995 2,500,000 June 15, 2005 7.15%
June 30, 1995 15,000,000 June 15, 2007 7.05%
July 28, 1995 25,000,000 July 15, 2010 7.58%
August 1, 1995 15,000,000 August 15, 2005 7.125%
August 25,
1995 15,000,000 August 25, 2010 7.35%
November 16,
1995 20,000,000 November 16, 2010 7.00%
November 24,
1995 10,000,000 November 24, 2010 7.10% "
</TABLE>
3. The following is added to the end of the section entitled
"Terms and Provisions of the Senior Medium-Term Notes, Series
C."
"Set forth below is a table indicating the issuance date
and the maturities of the $445,000,000 aggregate principal
amount of the Senior Medium-Term Notes issued since the date
of the Prospectus.
<TABLE>
<C> <C> <C> <C>
Issuance
Date Principal Amount Maturity Date Rate
August 16, 1994 5,000,000 August 16, 2004 LIBOR reset
semiannually + .50%
but in no event shall
the rate exceed 10.0%
September 13, 1994 5,000,000 September 20, 1999 LIBOR reset quarterly
+ 0.37% but in no
event shall the rate
exceed 9.5%
September 24, 1994 5,000,000 October 4, 2004 LIBOR reset
semiannually + .45%;
converts to 9.5%
fixed October 1, 1997
October 19, 1994 5,000,000 October 19, 2004 LIBOR reset
semiannually + .45%;
converts to 9.5%
fixed on October 20,
1997
October 26, 1994 5,000,000 October 26, 2004 LIBOR reset
semiannually + .45%
October 26, 1994 25,000,000 October 26, 1999 LIBOR reset quarterly
+ .375% but in no
event shall the rate
exceed 10%
November 2, 1994 15,000,000 November 2, 1999 LIBOR reset quarterly
+ .4% but in no event
shall the rate exceed
9.75%
November 3, 1994 10,000,000 November 3, 1999 LIBOR reset quarterly
+ .38% but in no
event shall the rate
exceed 10%
November 4, 1994 10,000,000 November 4, 2004 LIBOR reset
semiannually + .5%;
converts to 9.35%
fixed November 4,
1997
February 28, 1995 150,000,000 February 28, 2000 LIBOR reset quarterly
+ .20%
March 7, 1995 25,000,000 March 6, 1996 LIBOR reset quarterly
+ .125%
March 16, 1995 10,000,000 March 16, 2005 LIBOR reset
semiannually + .35%;
converts to 9.0%
fixed on March 16,
1999
March 28, 1995 5,000,000 March 29, 2005 8.125%
April 3, 1995 7,000,000 April 3, 2005 9.0% fixed; converts
to LIBOR reset
semiannually + .45%
on March 4, 1998
July 27, 1995 30,000,000 July 27, 2000 Reset quarterly +
.18%
August 10, 1995 10,000,000 August 10, 2005 LIBOR reset
semiannually + .45%;
converts to 8.0%
fixed on August 10,
1998
September 1, 1995 13,000,000 September 1, 2005 LIBOR reset quarterly
+ .40%; converts to
8.75% fixed on
September 1, 1999.
November 6, 1995 25,000,000 November 6, 1998 5.88%
November 10, 1995 25,000,000 November 10, 2005 Constant maturity 10
year Treasury Index -
.34%
November 10, 1995 50,000,000 November 10, 1998 LIBOR reset quarterly
+ .10%
November 15, 1995 10,000,000 May 1, 2001 Constant maturity 5
Treasury year Index -
.10%"
</TABLE>
