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FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 14, 1997
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First Chicago NBD Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-7127 38-1984850
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
One First National Plaza, Chicago, IL 60670
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(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code 312-732-4000
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Item 5. Other Events
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CHICAGO, November 14, 1997 -- First Chicago NBD Corporation announced today
that its Board of Directors authorized the purchase of up to 12 million shares
of First Chicago NBD's common stock.
The new program will begin upon the completion of the current 40 million
share repurchase program, which was announced in October of 1996 and is expected
to be completed by year-end. Under the new program, purchases will occur from
time to time in open market or private transactions. Common shares outstanding
at September 30, 1997, were 292 million.
The Corporation's Board also declared a quarterly common stock dividend of
$0.44 per share, which represents a 10 percent increase from the Corporation's
previous quarterly dividend of $0.40 per share.
The dividend is payable January 1, 1998, to stockholders of record on
December 5, 1997.
Pursuant to the requirements of the Securities Exchange Act of l934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
First Chicago NBD Corporation
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(Registrant)
Date: November 14, 1997 By: /s/ M. Eileen Kennedy
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Title: Senior Vice President and
Treasurer
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