Pricing Supplement No.22  Dated February 3, 1994     Rule 424(b)(2)
(To Prospectus dated April 27, 1993 and             File No. 33-57104
Prospectus Supplement dated April 30, 1993)

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: $50,000,000
	Issue Price: 100%
	Commission or Discount: ($0.00)
	Proceeds to Company: 100.00% ($50,000,000.00)
	Agent:CHEMICAL SECURITIES INC 

	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:	February 3, 1994
	Stated Maturity:	   	February 3, 1995
	
	Form:  [X]   Book-entry	[  ]   Certificated
	Currency:   U.S. Dollars

[  ]	Fixed Rate Note:
	Interest Rate:

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

	Initial Interest Rate:  4.5*K
 Interest Reset Period: Daily Tele/3750
	Interest Reset Dates:
	Int.Determ.Dates : 02/01/94 - 04/28/94 3.00% = < R = < 4.00% 
																				04/29/94 - 07/29/94 3.00% = < R	= < 4.00%		
                    08/01/94 - 10/31/94 3.00% = < R = < 4.25%
                    11/01/94 - 02/01/95 3.00% = < R = < 4.25%

	Interest Payment Dates: 05/03/94; 08/03/94; 11/03/94; 02/03/95.
		  	        


	Index Maturity:	3 month	 
	Spread (+/-):  
 Spread Multiplier:
 Maximum Interest Rate:	N/A
	Minimum Interest Rate:	N/A
	
	Optional Redemption  :   Yes[  ]       No  [  ]
	     Redemption Dates
	        and Prices: