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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) February 17, 1998
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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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The Registrant hereby incorporates by reference the information contained
in Attachment A hereto in response to this Item 5.
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: February 17, 1998 By: /s/ M. Eileen Kennedy
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Title: Senior Vice President and
Treasurer
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ATTACHMENT A
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First Chicago NBD Corporation
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At January 31, 1998, First Chicago NBD Corporation had $2.6 billion in cross-
border outstandings in the following Asian countries. A significant portion is
short-term in nature, primarily in the form of money market transactions, bank
obligations and trading instruments.
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<CAPTION>
Amounts in $ millions.
Loans, Leases & Money Market/ FX/ Net Local Total % of Total
Country Acceptances Bank Obligations Derivatives Country Claims/1/ Outstandings/2/ Assets
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<S> <C> <C> <C> <C> <C> <C>
Korea (South) 702 366 130 155 1,353
Indonesia 28 68 -- -- 96
Thailand 12 42 2 -- 56
Subtotal 742 476 132 155 1,505 1.3%
Taiwan 124 458 -- -- 582
Singapore 26 124 21 -- 171
China 115 15 5 23 158
Hong Kong 40 25 25 -- 90
Malaysia 10 60 -- -- 70
Phillipines 5 -- -- -- 5
Subtotal 320 682 51 23 1,076 1.0%
Total/3/ 1,062 1,158 183 178 2,581 2.3%
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/1/ Represents local country claims reduced by local country liabilities. Local
country liabilities reduced the reported claims amount by approximately $0.4
billion, primarily in Hong Kong.
/2/ Total outstandings are represented using the reporting guidelines of the
FFIEC. Amounts include loans, interest bearing deposits, acceptances, accrued
interest, bank obligations, other monetary assets, local country claims and
revaluation gains on foreign exchange and derivative contracts. Excluded from
these amounts are off-balance sheet commitments and letters of credits, which
totaled approximately $0.4 billion, primarily in Korea and Hong Kong.
/3/ Total claims on Japan at January 31, 1998, were approximately $3.4 billion
of which $2.6 billion was in money market and bank obligations, $0.7 billion in
foreign exchange and derivative contracts, and $0.1 billion in loans, leases,
and acceptances. Off-balance sheet commitments and letters of credit in Japan
were approximately $0.6 billion at January 31, 1998. Local country liabilities
reduced Japanese exposures by $0.2B.
