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):  March 1, 1997


                            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 2.  Acquisition or Disposition of Assets

  Effective March 1, 1997, HSBC Americas, Inc. (the Company) acquired the
  common stock of CTUS Inc. (CTUS), a unitary thrift holding company.  CTUS
  owns First Federal Savings and Loan Association of Rochester (First
  Federal).  The transaction had been previously reported on Form 8-Ks filed
  on August 29, 1996 and October 22, 1996.

  The acquisition will be accounted for as a purchase and the results of
  CTUS's operations will be included in the Company's financial statements
  from the date of acquisition.  At December 31, 1996, First Federal had
  assets of approximately $7.1 billion and operated 80 branches in New York
  State.


Item 7.  Financial Statements and Exhibits

  a. It is not practicable to provide the required financial statements at
     this time.  The required financial statements will be filed under cover
     of Form 8-K not later than 60 days after the date of this report.



                                                               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:  March 14, 1997
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{"company-data": {"conformed-name": "HSBC AMERICAS INC", "cik": "0000062348", "assigned-sic": "6022", "irs-number": "221093160", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-02940", "film-number": "97556360"}, "business-address": {"street1": "ONE MARINE MIDLAND CTR", "street2": "MARINE MIDLAND BANK 22ND FL", "city": "BUFFALO", "state": "NY", "zip": "14203", "phone": "7168412424"}, "mail-address": {"street2": "ONE MARINE MIDLAND CENTER 22ND FL", "city": "BUFFALO", "state": "NY", "zip": "14203"}, "former-company": [{"former-conformed-name": "MARINE MIDLAND BANKS INC", "date-changed": "19920703"}, {"former-conformed-name": "MARINE MIDLAND CORP", "date-changed": "19680614"}]}
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):  March 1, 1997

                            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 2.  Acquisition or Disposition of Assets

  Effective March 1, 1997, HSBC Americas, Inc. (the Company) acquired the
  common stock of CTUS Inc. (CTUS), a unitary thrift holding company.  CTUS
  owns First Federal Savings and Loan Association of Rochester (First
  Federal).  The transaction had been previously reported on Form 8-Ks filed
  on August 29, 1996 and October 22, 1996.

  The acquisition will be accounted for as a purchase and the results of
  CTUS's operations will be included in the Company's financial statements
  from the date of acquisition.  At December 31, 1996, First Federal had
  assets of approximately $7.1 billion and operated 80 branches in New York
  State.

Item 7.  Financial Statements and Exhibits

  a. It is not practicable to provide the required financial statements at
     this time.  The required financial statements will be filed under cover
     of Form 8-K not later than 60 days after the date of this report.

                                                               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:  March 14, 1997