Pricing Supplement No.49 Dated March 16, 1995 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: MARCH 16, 1995
Stated Maturity: MARCH 16, 2005
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: 6.7875%
Int.Determ.Dates : 03/14/95; 09/14/95; 03/14/96;
09/12/96; 03/13/97; 09/12/97.
Interest Payment Dates: 09/18/95; 03/18/96; 09/16/96;
03/17/97; 09/16/97; 03/16/98.
1-3 YR FLOAT
4-10 YR. FIXED 9.0%
Index Maturity: 6 month
Spread (+/-): +.35
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
Optional Redemption : Yes[X ] No [ ]
Redemption Dates
and Prices: CALLABLE 3/11/98
