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 (Date of earliest event reported):  August 30, 1996


                                            HSBC AMERICAS, INC.
                             (Exact name of registrant as specified in charter)


DELAWARE                      I-2940              22-1093160
(State or other juris-        (Commission         (IRS Employer
diction of incorporation)     File Number)        Identification No.)


ONE MARINE MIDLAND CENTER, BUFFALO, NEW YORK 14203
(Address of principal executive offices)

Registrant's telephone number, including area code:  (716) 841-2424


                                               Not Applicable
                                      (Former name or former address,
                                          if changed since report)





                                                                            2.


Item 5.  Other Events

           On August 13, 1996 Marine Midland Bank (Marine), the principal 
           subsidiary of HSBC Americas, Inc. (HAI) announced that it had 
           reached an agreement to acquire the institutional United States 
           dollar clearing business of Morgan Guaranty Trust Company of New 
           York.  It is projected that this acquisition will increase demand 
           deposits of Marine by approximately $2 billion on an on going 
           basis.  Goodwill amortization is not expected to be material to 
           HAI's results of operations.
           
           The agreement is subject to review by the Federal Reserve Board of 
           Governors and the New York State Banking Department.  It is 
           expected that the transaction will be completed in the fourth 
           quarter of 1996.


Item 7.  Financial Statements and Exhibits

        c.  Exhibits

            1.  Press release dated August 13, 1996 announcing the agreement to 
                acquire the institutional United States dollar clearing business
                of J.P. Morgan.

                                                                             3.

            
                      


                                                 SIGNATURES


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, thereunto duly authorized.



                                      HSBC AMERICAS, INC.

                                                                        
                                      (REGISTRANT)

                                      /s/ GERALD A. RONNING
                                                                        
                                      NAME:   GERALD A. RONNING
                                      TITLE:  EXECUTIVE VICE PRESIDENT &
                                              CONTROLLER
                                                                                
      


Date:  August 30, 1996





Press Release                                              HSBC Americas, Inc.


FOR RELEASE:
Tuesday, August 13, 1996


 HSBC FINANCIAL INSTITUTIONS REACHES PRELIMINARY ACCORD TO ACQUIRE
     J.P. MORGAN'S INSTITUTIONAL U.S. DOLLAR CLEARING BUSINESS


NEW YORK, August 13, 1996 -- HSBC Americas, Inc. today said a preliminary 
agreement has been reached for HSBC Financial Institutions, a division of 
Marine Midland Bank, to acquire J.P. Morgan's institutional United States 
dollar clearing business.

The agreement is subject to review by the Federal Reserve Board of Governors, 
the New York State Banking Department, and the Office of the State Bank 
Commissioner in Delaware.  It is expected to be completed in the fourth 
quarter of 1996.  Terms of the transaction were not disclosed.

HSBC Financial Institutions said it would combine J.P. Morgan's institutional 
dollar clearing business with its existing dollar clearing operations and 
establish its center in Newark, Delaware.  The expanded dollar clearing 
service would operate under the brand name HSBC Financial Institutions, used 
globally for institutional client money transfer and other institutional 
business activities by the subsidiaries of HSBC Holdings plc.

"As a result of the agreement, HSBC Financial Institutions will be better 
able to grow its global correspondent banking and other institutional 
relationships worldwide and offer our clients a wider array of services," 
said Jim Cleave, chief executive officer of HSBC Americas.

"The J.P. Morgan U.S. dollar clearing business could more than double HSBC 
Financial Institutions' current dollar clearing values and volumes," 
Mr. Cleave said.  "It also will place HSBC Financial Institutions among the top 
five U.S. dollar clearing organizations in New York in the Clearing House 
Interbank Payment System (C.H.I.P.S.)" Currently, HSBC Financial Institutions 
ranks seventh among New York banks in that system.  In terms of total wire
transfers through Clearing House, Federal Reserve and other internal systems, 
HSBC Financial Institutions processes more than $80 billion in transfers 
daily.

Under terms of the preliminary agreement, HSBC Financial Institutions will 
assume clearing for about 700 clients, including banks, securities brokerage 
firms, corporations, and insurance companies.  HSBC Financial Institutions 
also would provide dollar clearing services for several J.P. Morgan overseas 
offices and various internal departments.

HSBC Financial Institutions will offer positions to all of J.P. Morgan's cash 
operations, sales and customer service staff, and establish Newark, Delaware, 
as HSBC Financial Institutions' primary U.S. dollar processing center.

Dollar clearing primarily involves the execution of customer wire transfer of 
funds from one client's account to another.  "Fedwire," the Federal Reserve's 
funds and securities transfer service, and C.H.I.P.S., are the two primary 
networks used by banks to transfer customer funds.  Daily combined volume 
through Fedwire and C.H.I.P.S. averages more than 400,000 items, with an
average value in excess of $2 trillion per day.

HSBC Americas, whose principal subsidiary is Marine Midland Bank, had assets 
at June 30, 1996, of $22.7 billion, and is an indirectly-held, wholly-owned 
subsidiary of HSBC Holdings plc.  With over 3,300 offices in 72 countries and 
assets of $368 billion at June 30, 1996, the HSBC Group is one of the world's 
largest banking and financial services organizations.



For additional information, contact:

Mary Jo Jacobi, HSBC Holdings plc 260-9141 (London)
Art Samansky, HSBC Americas 212-658-1028 (New York)
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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 (Date of earliest event reported):  August 30, 1996

                                            HSBC AMERICAS, INC.
                             (Exact name of registrant as specified in charter)

DELAWARE                      I-2940              22-1093160
(State or other juris-        (Commission         (IRS Employer
diction of incorporation)     File Number)        Identification No.)

ONE MARINE MIDLAND CENTER, BUFFALO, NEW YORK 14203
(Address of principal executive offices)

Registrant's telephone number, including area code:  (716) 841-2424

                                               Not Applicable
                                      (Former name or former address,
                                          if changed since report)

                                                                            2.

Item 5.  Other Events

           On August 13, 1996 Marine Midland Bank (Marine), the principal 
           subsidiary of HSBC Americas, Inc. (HAI) announced that it had 
           reached an agreement to acquire the institutional United States 
           dollar clearing business of Morgan Guaranty Trust Company of New 
           York.  It is projected that this acquisition will increase demand 
           deposits of Marine by approximately $2 billion on an on going 
           basis.  Goodwill amortization is not expected to be material to 
           HAI's results of operations.
           
           The agreement is subject to review by the Federal Reserve Board of 
           Governors and the New York State Banking Department.  It is 
           expected that the transaction will be completed in the fourth 
           quarter of 1996.

Item 7.  Financial Statements and Exhibits

        c.  Exhibits

            1.  Press release dated August 13, 1996 announcing the agreement to 
                acquire the institutional United States dollar clearing business
                of J.P. Morgan.

                                                                             3.

            
                      

                                                 SIGNATURES

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, thereunto duly authorized.

                                      HSBC AMERICAS, INC.

                                                                        
                                      (REGISTRANT)

                                      /s/ GERALD A. RONNING
                                                                        
                                      NAME:   GERALD A. RONNING
                                      TITLE:  EXECUTIVE VICE PRESIDENT &
                                              CONTROLLER
                                                                                
      

Date:  August 30, 1996

Press Release                                              HSBC Americas, Inc.

FOR RELEASE:
Tuesday, August 13, 1996

 HSBC FINANCIAL INSTITUTIONS REACHES PRELIMINARY ACCORD TO ACQUIRE
     J.P. MORGAN'S INSTITUTIONAL U.S. DOLLAR CLEARING BUSINESS

NEW YORK, August 13, 1996 -- HSBC Americas, Inc. today said a preliminary 
agreement has been reached for HSBC Financial Institutions, a division of 
Marine Midland Bank, to acquire J.P. Morgan's institutional United States 
dollar clearing business.

The agreement is subject to review by the Federal Reserve Board of Governors, 
the New York State Banking Department, and the Office of the State Bank 
Commissioner in Delaware.  It is expected to be completed in the fourth 
quarter of 1996.  Terms of the transaction were not disclosed.

HSBC Financial Institutions said it would combine J.P. Morgan's institutional 
dollar clearing business with its existing dollar clearing operations and 
establish its center in Newark, Delaware.  The expanded dollar clearing 
service would operate under the brand name HSBC Financial Institutions, used 
globally for institutional client money transfer and other institutional 
business activities by the subsidiaries of HSBC Holdings plc.

"As a result of the agreement, HSBC Financial Institutions will be better 
able to grow its global correspondent banking and other institutional 
relationships worldwide and offer our clients a wider array of services," 
said Jim Cleave, chief executive officer of HSBC Americas.

"The J.P. Morgan U.S. dollar clearing business could more than double HSBC 
Financial Institutions' current dollar clearing values and volumes," 
Mr. Cleave said.  "It also will place HSBC Financial Institutions among the top 
five U.S. dollar clearing organizations in New York in the Clearing House 
Interbank Payment System (C.H.I.P.S.)" Currently, HSBC Financial Institutions 
ranks seventh among New York banks in that system.  In terms of total wire
transfers through Clearing House, Federal Reserve and other internal systems, 
HSBC Financial Institutions processes more than $80 billion in transfers 
daily.

Under terms of the preliminary agreement, HSBC Financial Institutions will 
assume clearing for about 700 clients, including banks, securities brokerage 
firms, corporations, and insurance companies.  HSBC Financial Institutions 
also would provide dollar clearing services for several J.P. Morgan overseas 
offices and various internal departments.

HSBC Financial Institutions will offer positions to all of J.P. Morgan's cash 
operations, sales and customer service staff, and establish Newark, Delaware, 
as HSBC Financial Institutions' primary U.S. dollar processing center.

Dollar clearing primarily involves the execution of customer wire transfer of 
funds from one client's account to another.  "Fedwire," the Federal Reserve's 
funds and securities transfer service, and C.H.I.P.S., are the two primary 
networks used by banks to transfer customer funds.  Daily combined volume 
through Fedwire and C.H.I.P.S. averages more than 400,000 items, with an
average value in excess of $2 trillion per day.

HSBC Americas, whose principal subsidiary is Marine Midland Bank, had assets 
at June 30, 1996, of $22.7 billion, and is an indirectly-held, wholly-owned 
subsidiary of HSBC Holdings plc.  With over 3,300 offices in 72 countries and 
assets of $368 billion at June 30, 1996, the HSBC Group is one of the world's 
largest banking and financial services organizations.

For additional information, contact:

Mary Jo Jacobi, HSBC Holdings plc 260-9141 (London)
Art Samansky, HSBC Americas 212-658-1028 (New York)