Pricing Supplement No.36  Dated July 20,1994     Rule 424(b)(2)
(To Prospectus dated February 15, 1994 and      File No. 33-57104
Prospectus Supplement dated February 15, 1994)

CHEMICAL BANKING CORPORATION

[X]	Senior Medium -Term Notes, Series C  Due From Nine
	Months to Thirty Years from Date of Issue

[  ]	Subordinated Medium Term Notes , Series A Due From
	Nine Months to Thirty Years from Date of Issue

	Principal Amount: $10,000,000
	Issue Price: 100%
	Commission or Discount: ($0.00)
	Proceeds to Company:  ($10,000,000.00)
	Agent:CSI. 

	Agent's Capacity:  [x]     As agent    [ ]  As principal
	
	If as principal
		[ ]   The Notes are being offered at varying prices to 
		        prevailing market prices at the time of sale

		[  ]   The Notes are being offered at a fixed initial public
		        offering price equal to the Issue Price (as a 
		        percentage of Principal Amount).

	Original Issue Date:	July 20, 1994
	Stated Maturity:	   	July 20, 2004
	
	Form:  [X]   Book-entry	[  ]   Certificated
	Currency:   U.S. Dollars

[X ]	Fixed Rate Note:
	Interest Rate:9.75

[X]	Floating Rate Note:   CD[   ]   Commercial Paper Rate [   ]
			     Federal Fund Effective Rate [  ]
			     LIBOR Telerate [X]  LIBOR Reuter [  ]
			     Treasury Rate [ ]     Prime Rate   [  ]

	Initial Interest Rate:5.6875      
 
	Int.Determ.Dates :  07/18/94; 01/18/95; 07/18/95; 01/18/96;		
       07/18/96; 01/17/97;    FIXED 9.75%                     
                  

	Interest Payment Dates:  01/20/95; 07/20/95; 01/22/96; 07/22/96;
		  	 01/21/97; 07/21/97; 07/20/98; 07/20/99; 07/20/00;
						07/20/01; 07/22/02;	07/21/03; 07/20/04.

	Index Maturity:	6 month       CALLABLE 07/07/97       	 
	Spread (+/-):   +.50
 Spread Multiplier:
 Maximum Interest Rate:	N/A
	Minimum Interest Rate:	N/A
	
	Optional Redemption  :   Yes[  ]       No  [  ]
	     Redemption Dates
	        and Prices: