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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 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) November 19, 1996
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BANKERS TRUST NEW YORK CORPORATION
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(Exact name of registrant as specified in its charter)
NEW YORK
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(State or other jurisdiction of incorporation)
1-5920 13-6180473
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(Commission file number) (IRS employer identification no.)
130 LIBERTY STREET, NEW YORK, NEW YORK 10006
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code (212) 250-2500
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Item 4. Change in Registrant's Certifying Accountants
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On November 19, 1996, Bankers Trust New York Corporation (the
"Corporation") appointed the accounting firm of KPMG Peat Marwick
LLP as its independent auditors for the fiscal year ending
December 31, 1997, and chose not to renew the engagement of
Ernst & Young LLP, who is currently serving as the Corporation's
independent auditors. The Corporation's Board of Directors approved
the selection of KPMG Peat Marwick LLP as new independent auditors
upon the recommendation of the Corporation's Audit Committee.
Neither management nor anyone on its behalf has consulted with KPMG
Peat Marwick LLP regarding the application of accounting principles
to a specified transaction, either completed or proposed; or the
type of audit opinion that might be rendered on the Corporation's
financial statements, and neither a written report nor oral advice
was provided to the Corporation that KPMG Peat Marwick LLP
concluded was an important factor considered by the Corporation in
reaching a decision as to the accounting, auditing or financial
reporting issue during the Corporation's two most recent fiscal
years or the subsequent interim period prior to engaging KPMG Peat
Marwick LLP.
The Ernst & Young LLP reports on the Corporation's financial
statements for the years ended December 31, 1995 and December 31,
1994 did not contain an adverse opinion or disclaimer of opinion
and were not qualified or modified as to uncertainty, audit scope
or accounting principles. Since January 1, 1994, the Corporation
has not had any disagreements with Ernst & Young LLP on any matter
of accounting principles or practices, financial statement
disclosure or auditing scope or procedures that would require
disclosure in this Current Report on Form 8-K.
Ernst & Young LLP has furnished to the Corporation a letter
addressed to the SEC stating that it agrees with the statements in
the immediately preceding paragraph. A copy of such letter, dated
November 20, 1996 is filed as Exhibit 16 to this Form 8-K.
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SIGNATURES
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.
BANKERS TRUST NEW YORK CORPORATION
By /s/ James T. Byrne, Jr.
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James T. Byrne, Jr.
Secretary
November 20, 1996
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INDEX TO EXHIBITS
16 Letter pursuant to Item 304(a)(3) of Regulation S-K to the
Securities and Exchange Commission from Ernst & Young
LLP, dated November 20, 1996.
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EXHIBIT 16
November 20, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Gentlemen:
We have read Item 4 of Form 8-K dated November 19, 1996, of Bankers
Trust New York Corporation and are in agreement with the statements
contained in paragraph 2 therein. We have no basis to agree or
disagree with other statements of the registrant contained therein.
ERNST & YOUNG LLP
/s/Ernst & Young LLP
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Bankers Trust New York Corporation
130 Liberty Street
New York, New York 10006
Gordon S. Calder, Jr.
Assistant Secretary
November 20, 1996
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sirs:
Accompanying this letter is Bankers Trust New York
Corporation's report on Form 8-K dated November 19, 1996 (the "Form
8-K"). The Form 8-K is being filed electronically through the
EDGAR System.
If there are any questions or comments in connection with the
enclosed filing, please contact the undersigned collect at 212-250-
4857.
Very truly yours,
By: /s/GORDON S. CALDER, JR.
Name: Gordon S. Calder, Jr.
Title: Assistant Secretary
