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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
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 5, 1997
U.S. TRUST CORPORATION
(Exact name of registrant as specified in its charter)
Commission file number: 0-20469
New York 13-3818952
(State or other jurisdiction (I. R. S. Employer
of incorporation or Identification No.)
organization)
114 West 47th Street, New York, New York 10036
(Address of principal executive offices) (Zip Code)
(212) 852-1000
(Registrant's telephone number, including area code)
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Item 5. Other Events
On February 5, 1997, U.S. Trust Corporation announced the
private placement of $50 million of trust-preferred capital
securities. A copy of the news release is attached hereto as
Exhibit 99 and is incorporated herein by reference.
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned, hereunto duly authorized.
U. S. Trust Corporation
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(Registrant)
Date: February 5, 1997 By: Richard E. Brinkmann
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Richard E. Brinkmann
Comptroller and
Chief Planning Officer
(Principal Accounting Officer)
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EXHIBIT INDEX
Exhibit
Number Description
- ------- ------------------------------------------------------
99 U.S. Trust Corporation February 5, 1997 news release.
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Exhibit 99
Contact: Allison Cooke Kellogg
(212) 852-1127
U.S. TRUST
For Release: IMMEDIATE
U.S. TRUST ISSUES $50 MILLION OF TRUST-PREFERRED SECURITIES
New York, N.Y.; Feb. 5, 1997 -- U.S. Trust Corporation has
privately placed $50 million of trust-preferred capital
securities with a maturity of 30 years and an interest rate of
8.414%. U.S. Trust will use the proceeds from the sale of
these securities for general corporate purposes, including the
repurchase of common stock.
U.S. Trust is an investment management company that also provides
fiduciary and private banking services.
NOTE: The trust-preferred securities have not been registered
under the Securities Act of 1933, as amended (the "Act"), and may
not be offered or sold absent registration under the Act or an
applicable exemption from the registration requirements of the Act.
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