84IZ Bk. America 42

RNS No 921f
CITY OF NEW YORK
30 July 1997


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
30-Jul-97.

Issue:              The City of New York US$425,000,000
                    Floating Rate Euronotes due 1998-2002
                    
ISIN NO:            XS0072921553
Issue Nominal:      #425,000,000
Period:             01-Aug-97           To    03-Nov-97
Number of Days:     94
Rate:               5.98438   PCT
Denomination:       $10,000                   $100,000
Amount Payable      
Per Denomination:   $156.26                   $1,562.59


From:
John Patten
Global Trust Services, 380B
Telephone           44 (0) 1202 347935
Facsimile           44 (0) 1202 347939


END

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Bk. America 42 (LSE:84IZ)
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