Pricing Supplement No.47 Dated February 28,1995 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: $150,000,000
Issue Price: 100%
Commission or Discount: ($165,000.00)
Proceeds to Company: ($149,835,000.00)
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: FEBRUARY 28, 1995
Stated Maturity: FEBRUARY 28, 2000
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: 6.43438
Int.Determ.Dates : 02/24/95; 05/25/95; 08/24/95;
11/24/95; 02/26/96; 05/23/96; 08/23/96; 11/27/96;
02/26/97; 05/23/97; 08/26/97; 11/26/97; 02/25/98;
05/26/98; 08/26/98; 11/25/98; 02/24/99; 05/26/99;
08/26/99; 11/24/99.
Interest Payment Dates: 05/30/95; 08/28/95; 11/28/95;
02/28/96; 05/28/96; 08/28/96; 11/29/96; 02/28/97; 05/28/97;
08/28/97; 11/28/97; 02/27/98; 05/28/98; 08/28/98; 11/30/98;
02/26/99; 05/28/99; 08/30/99; 11/29/99; 02/28/00.
Index Maturity: 3 month
Spread (+/-): +.20
Spread Multiplier:
Maximum Interest Rate:
Minimum Interest Rate:
Optional Redemption : Yes[ ] No [ ]
Redemption Dates
and Prices: