Current Report


 
 
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: September 8, 1998 Commission file number: 1-5805

 

THE CHASE MANHATTAN CORPORATION
(Exact name of registrant as specified in its charter)

         Delaware                                               13-2624428
(State or other jurisdiction                                  (I.R.S. Employer
      of incorporation)                                      Identification No.)


     270 Park Avenue, New York, NY                                 10017
(Address of principal executive offices)                         (Zip Code)

(Registrant's telephone number, including area code): (212) 270-6000

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Item 5. Other Events

In connection with recent developments in Latin America, management of The Chase Manhattan Corporation ("Chase") disclosed certain information relating to Chase's cross-border exposure to certain Latin American countries as of December 31, 1997 and June 30, 1998. That information is attached as an exhibit hereto.

 
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits

The following exhibit is filed with this report:

 

Exhibit Number                Description
--------------                -----------

    99.1                      Information Relating to Latin American Cross-
                              Border Exposure

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SIGNATURE

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.

THE CHASE MANHATTAN CORPORATION
(Registrant)


Dated:  September 8, 1998              By: /s/Joseph L. Sclafani
                                       -------------------------
                                           Joseph L. Sclafani
                                           Executive Vice President
                                           and Controller
                                           [Principal Accounting Officer]


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EXHIBIT INDEX

Exhibit Number Description Page at Which Located

99.1 Information Relating to Latin 5 American Cross-Border Exposure

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EXHIBIT 99.1


                                  LATIN AMERICAN COUNTRY CROSS-BORDER EXPOSURE(1)
                                                    (in billions)


                               June 30, 1998                            December 31, 1997
                -------------------------------------------  ----------------------------------------
                   Lending-     Foreign          Total       Lending-      Foreign          Total
                   Related     Exchange &     Cross-Border   Related      Exchange &     Cross-Border
COUNTRY          & Other(2)  Derivatives(3)     Exposure    & Other(2)  Derivatives(3)     Exposure
-------         -----------  -------------    ------------  ----------  --------------   ------------
Brazil          $   4.2      $    0.1         $    4.3      $  4.7      $   0.2          $   4.9
Argentina           3.0           0.1              3.1         3.2          0.1              3.3
Mexico              2.0           0.5              2.5         2.7          0.3              3.0
Chile               1.1           0.0              1.1         1.5          0.0              1.5
Colombia            1.0           0.0              1.0         0.8          0.0              0.8
Venezuela           0.5           0.0              0.5         1.0          0.0              1.0
                   ----           ---             ----        ----          ---             ----
    Sub Total   $  11.8      $    0.7         $   12.5      $ 13.9      $   0.6          $  14.5
All Other           0.9           0.2              1.1         1.4          0.1              1.5
                   ----           ---             ----        ----          ---             ----
    Total(4)    $  12.7      $    0.9         $   13.6      $ 15.3      $   0.7          $  16.0
                   ====           ===             ====        ====          ===             ====

(1) Cross-border exposure represents both public and private sectors and is presented net of written guarantees and tangible liquid collateral held outside the foreign country.

(2) Includes loans and accrued interest, interest-bearing deposits with banks, trading debt and equity instruments, acceptances, other monetary assets, issued letters of credit, undrawn commitments to extend credit and local currency assets, net of local currency liabilities.

(3) Foreign exchange largely represents the mark-to-market exposure of spot and forward contracts. Derivatives largely represent the mark-to-market exposure of risk management instruments. Mark-to-market exposure is a measure, at a point in time, of the value of a foreign exchange or derivative contract in the open market.

(4) Excludes Bermuda and Cayman Islands.



End of Filing


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