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/SECOND AND FINAL ADD -- NY011 -- FIRST CHICAGO EARNINGS/

 /SECOND AND FINAL ADD -- NY011 -- FIRST CHICAGO EARNINGS/
 FIRST CHICAGO REPORTS FIRST QUARTER NET INCOME OF $60.7 MILLION
 FIRST CHICAGO CORP.
 Credit Data
 (Dollars in millions, except for per-share data)
 Quarter ending 3/31/92 12/31/91 9/30/91 6/30/91 3/31/91
 Provision for credit
 losses:
 Commercial $63 $103 $71 $45 $55
 Consumer 32 47 34 45 40
 Total 95 150 105 90 95
 Total charge-offs 128 162 181 173 111
 Total recoveries 17 20 14 28 15
 Net charge-offs:
 commercial:
 Highly leveraged
 transactions (HLT) 24 23 32 23 13
 Secured by
 commercial
 real estate 13 44 72 25 1
 Real estate
 related 5 9 18 10 4
 Other commercial 34 36 18 48 41
 Total commercial 76 112 140 106 59
 Consumer 35 30 27 39 37
 Total 111 142 167 145 96
 Nonperforming loans:
 Highly leveraged
 transactions (HLT) 153 115 112 186 214
 Secured by commercial
 real estate 258 287 303 307 343
 Real estate related 15 15 34 32 33
 Troubled-country
 debtor (TCD) 149 150 152 178 213
 Other 272 276 290 246 276
 Total 847 843 891 949 1,079
 Other real estate 486 457 553 615 540
 Nonperforming loans as
 a percentage of
 related loans:
 Commercial real
 estate(F) 6.4 7.1 7.6 7.5 8.1
 Other commercial 4.0 3.6 3.5 4.0 4.2
 Total commercial 4.6 4.4 4.4 4.8 5.0
 Total loans 3.4 3.3 3.4 3.7 3.9
 Commercial reserve as
 a percentage of
 related loans 3.3 3.2 3.1 3.5 3.6
 Consumer reserve as a
 percentage of
 related loans 4.1 4.1 4.2 4.1 3.6
 Total reserve as a
 percentage of
 nonperforming loans 102 105 98 99 92
 (F) -- Secured by real estate and real estate related.
 Capital Data
 3/31/92 12/31/91 9/30/91 6/30/91 3/31/91
 Common equity/assets(G)
 (As a percent) 5.4 5.1 5.2 5.3 5.0
 Risk-Based Capital
 (As a percent)
 Ratios:(H)
 Tier 1 5.8 5.5 5.6 5.5 5.0
 Total 9.9 9.4 9.3 9.3 8.5
 Leverage Ratio 5.9 5.8 5.8 5.7 5.2
 Book value of common
 equity $35.07 $34.90 $35.80 $36.27 $36.19
 (F) -- Net of investment in First Chicago Capital Markets, Inc.
 (G) -- Based on 1992 guidelines. 3/31/92 ratios are estimated.
 FIRST CHICAGO CORPORATION AND SUBSIDIARIES
 Five-Quarter Consolidated Income Statement
 (Dollars in millions, except for per share data)
 Three months ended 3/31/92 12/31/91 9/30/91 6/30/91 3/31/91
 Interest income
 Interest and fees on
 loans $504.5 $561.8 $597.1 $631.9 $685.2
 Interest on bank
 balances 95.9 104.9 113.2 120.9 137.2
 Interest on federal
 funds sold and
 securities under
 resale agreements 71.8 83.6 78.7 76.6 90.4
 Interest on trading
 account assets 62.8 54.4 61.0 56.3 58.4
 Interest on investment
 securities
 U.S. government and
 federal agency 7.1 9.3 9.3 7.8 7.7
 States and political
 subdivisions 4.6 4.8 4.9 5.2 5.2
 Other (including
 dividends) 8.3 7.7 6.4 9.8 14.9
 Total 755.0 826.5 870.6 908.5 999.0
 Interest expense
 Interest on deposits 294.1 371.0 404.2 447.7 491.0
 Interest on federal
 funds purchased and
 securities under
 repurchase agreements 86.0 99.5 97.4 98.4 132.9
 Interest on commercial
 paper 2.3 2.8 3.2 3.5 4.3
 Interest on other
 funds borrowed 54.4 59.5 62.5 63.5 54.9
 Interest on long-term
 debt 32.9 32.4 32.4 32.0 31.5
 Total 469.7 565.2 599.7 645.1 714.6
 Net interest income 285.3 261.3 270.9 263.4 284.4
 Provision for credit
 losses 95.0 150.0 105.0 90.0 95.0
 Net interest income
 after provision for
 credit losses 190.3 111.3 165.9 173.4 189.4
 Noninterest income
 Trading account
 profits 16.9 24.7 30.0 22.5 13.5
 Foreign exchange
 trading profits 14.5 26.2 20.1 19.3 29.5
 Fiduciary and
 investment management
 fees 46.6 47.6 44.2 43.0 40.0
 Credit card fee
 revenue 107.7 113.8 108.0 98.5 91.5
 Service charges and
 commissions 90.1 93.7 81.9 99.2 73.9
 Equity securities
 gains 45.8 32.7 15.6 11.0 3.7
 Investment security
 gains (losses) 6.3 (3.5) -- 0.1 0.1
 Other income 3.5 1.7 12.5 13.9 16.3
 Total 331.4 336.9 312.3 307.5 268.5
 Noninterest Expense
 Salaries and employee
 benefits 187.9 187.7 178.7 176.8 179.6
 Occupancy expense of
 premises, net 38.2 41.4 37.3 37.5 36.6
 Equipment rentals,
 depreciation and
 maintenance 27.7 27.8 27.0 26.0 26.7
 Other expense 154.0 160.3 127.3 134.8 124.5
 Subtotal 407.8 417.2 370.3 375.1 367.4
 Provision for other
 real estate 23.0 30.0 40.0 19.7 14.6
 Restructuring
 provision -- 32.0 35.0 -- --
 Total 430.8 479.2 445.3 394.8 382.0
 Income (loss) before
 income taxes 90.9 (31.0) 32.9 86.1 75.9
 Applicable income
 taxes (benefit) 30.2 (15.9) 8.3 28.8 26.4
 Net income (loss) $ 60.7 $(15.1) $ 24.6 $ 57.3 $ 49.5
 Net income (loss)
 Attributable to common
 stockholders' equity $ 49.8 $(26.1) $ 13.4 $ 48.7 $ 42.1
 Earnings per common
 and common equivalent
 share $0.71 $(0.40) $0.19 $0.73 $0.63
 Net income interest --
 tax-equivalent basis $296.2 $270.5 $280.9 $275.0 $291.5
 Average earning assets 45,625 44,702 43,563 44,107 45,677
 Net interest margin
 (as a percent) 2.61 2.40 2.56 2.50 2.59
 -0- 4/10/92 AB NY011
 /END SECOND AND FINAL ADD/
 (FNB) CO: First Chicago Corp. ST: Illinois IN: FIN SU: ERN


TS -- NY011B -- 7122 04/10/92 10:10 EDT
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Date:Apr 10, 1992
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