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<body lang=EN-US>

<div style='page:WordSection1;'>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b>As filed with the
Securities and Exchange Commission on December 18, 2013</b></p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:right'>Registration No. 333-<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br>
<br>
</p>

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  height:16px; padding-left:6.95pt; padding-right:6.95pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 16.0pt">UNITED STATES </font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 16.0pt">SECURITIES AND EXCHANGE COMMISSION</font></b><font style="font-size: 15.0pt"><br>
</font>Washington, DC&nbsp; 20549<br>
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
<br>
</u></p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:6.0pt;text-align:center'><b><font style="font-size: 16.0pt">FORM S-8</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 14.0pt">REGISTRATION STATEMENT</font> <font style="font-size: 14.0pt">UNDER THE </font></p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><font style="font-size: 14.0pt">SECURITIES ACT OF 1933</font><br>
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
<br>
</u><b><font style="font-size: 16.0pt">MACY'S, INC.</font></b><b><font style="font-size: 14.0pt"><br>
</font></b>(Exact Name of Registrant as Specified in its Charter)</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=843
 style='margin-left:.45in;' height="48">
 <!-- MSTableType="layout" -->
	<tr>
  <td valign=top style='width:196px;height:9.0pt; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 11.0pt">Delaware<br>
  </font></b><font style="font-size: 9.0pt">(State or other jurisdiction of
  incorporation or organization)</font></p>
  </td>
		<td width="4"></td>
  <td valign=top style='width:174px;height:9.0pt; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 11.0pt">&nbsp;</font></b></p>
  </td>
  <td valign=top style='width:253px;height:48px; padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 11.0pt">13-3324058<br>
  </font></b><font style="font-size: 9.0pt">(I.R.S. Employer Identification
  Number)</font></p>
  </td>
  	<td width="174" height="48">&nbsp;</td>
  </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font style="font-size: 11.0pt">7 West Seventh Street<br>
Cincinnati, Ohio&nbsp; 45202<br>
</font></b><font style="font-size: 9.0pt">(Address of Principal Executive
Offices) (Zip Code)</font></p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
<br>
</u></p>

<p style='margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-family:"Times New Roman","serif";font-weight:bold; margin-left:0in; margin-right:0in; margin-top:0in'>
<font size="5">MACY'S,
INC. DEFERRED COMPENSATION PLAN</font></p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;'>(Full
title of the plan)<br>
<u>&nbsp;</u><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
<br>
</u></p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;'><font style="font-size: 10.0pt">Dennis J. Broderick, Esq.<br>
Executive Vice President, General Counsel, and Secretary<br>
Macy's, Inc.<br>
7 West Seventh Street<br>
Cincinnati, Ohio&nbsp; 45202<br>
(513) 579-7000</font></p>

<p style='margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in; margin-right:0in; margin-top:0in'>(Name,
address and telephone number, including area code, of agent for service)</p>

<p style='margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";margin-left:0in; margin-right:0in; margin-top:0in'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></p>

<p style='margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:left; margin-left:0in; margin-right:0in; margin-top:0in'><u><br>
</u>Indicate by check mark
whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company.&nbsp; See the definitions of
&#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148;
in Rule 12b-2 of the Exchange Act.&nbsp; (Check one):</p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;text-align:left'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='margin-left:5.4pt;border-collapse:collapse'>
 <tr>
  <td valign=top style='width:422px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:left; margin-left:0in; margin-right:0in; margin-top:0in'>Large accelerated filer&nbsp;&nbsp;&nbsp;
	<u>&nbsp;X </u> </p>
  <p style='margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:left; margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp; </p>
  </td>
  <td valign=top style='width:245px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:left; margin-left:0in; margin-right:0in; margin-top:0in'>Accelerated filer&nbsp;&nbsp; &nbsp;__&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:422px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:left; margin-left:0in; margin-right:0in; margin-top:0in'>Non-accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
	__&nbsp;&nbsp;</p>
  <p style='margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:left; margin-left:0in; margin-right:0in; margin-top:0in'>(Do not check if a smaller
  reporting company)</p>
  </td>
  <td valign=top style='width:245px;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:left; margin-left:0in; margin-right:0in; margin-top:0in'>Smaller reporting company&nbsp; &nbsp;__</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;text-align:left'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;text-align:left'>&nbsp;</p>

<br
clear=all style='page-break-before:always'>


<p style='margin:0in;margin-bottom:.0001pt;text-align:center;punctuation-wrap:simple;text-autospace:none;font-size:12.0pt;font-family:"Times New Roman","serif";font-weight:bold;text-align:left'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b>CALCULATION OF
REGISTRATION FEE</b></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:2.5pt'>
  <td width="100%" colspan=6 valign=top style='width:100.0%;border:solid black 1.0pt;
  padding:0in 6.95pt 0in 6.95pt;height:2.5pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:2.0pt'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-bottom:.95pt'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="34%" valign=top style='width:34.08%;border:solid white 1.0pt;
  border-top:none;padding:0in 6.35pt 0in 6.35pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:1.05pt'><br>
  <br>
  <br>
  </p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:84%'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:84%'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:85%'>Title of<br>
  Securities to<br>
  be Registered</p>
  </td>
  <td width="19%" valign=top style='width:19.46%;border-top:none;border-left:
  none;border-bottom:solid white 1.0pt;border-right:solid white 1.0pt;
  padding:0in 6.35pt 0in 6.35pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:1.05pt'><font style="font-size: 8.0pt">&nbsp;</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:84%'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:84%'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:85%'>Amount<br>
  to be<br>
  Registered (2) </p>
  </td>
  <td width="12%" valign=top style='width:12.36%;border-top:none;border-left:
  none;border-bottom:solid white 1.0pt;border-right:solid white 1.0pt;
  padding:0in 6.35pt 0in 6.35pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:1.05pt'><font style="font-size: 8.0pt">&nbsp;</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:84%'>Proposed<br>
  Maximum<br>
  Offering<br>
  Price per<br>
  Share</p>
  </td>
  <td width="15%" valign=top style='width:15.06%;border-top:none;border-left:
  none;border-bottom:solid white 1.0pt;border-right:solid white 1.0pt;
  padding:0in 6.35pt 0in 6.35pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:1.05pt'><font style="font-size: 8.0pt">&nbsp;</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:84%'>Proposed<br>
  Maximum<br>
  Aggregate<br>
  Offering<br>
  Price (2) </p>
  </td>
  <td width="16%" valign=top style='width:16.8%;border-top:none;border-left:
  none;border-bottom:solid white 1.0pt;border-right:solid white 1.0pt;
  padding:0in 6.35pt 0in 6.35pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:1.05pt'><font style="font-size: 8.0pt">&nbsp;</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:84%'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:84%'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:84%'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:84%'>Amount of <br>
  Registration Fee</p>
  </td>
  <td style='border:none;padding:0in 0in 0in 0in' width="2%"><p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</td>
 </tr>
 <tr style='height:13.65pt'>
  <td width="34%" valign=bottom style='width:34.08%;border:solid white 1.0pt;
  border-top:none;padding:0in 6.35pt 0in 6.35pt;height:13.65pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:84%'>Deferred Compensation Obligations (1)</p>
  </td>
  <td width="19%" valign=bottom style='width:19.46%;border-top:none;border-left:
  none;border-bottom:solid white 1.0pt;border-right:solid white 1.0pt;
  padding:0in 6.35pt 0in 6.35pt;height:13.65pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:84%'>$200,000,000 </p>
  </td>
  <td width="12%" valign=bottom style='width:12.36%;border-top:none;border-left:
  none;border-bottom:solid white 1.0pt;border-right:solid white 1.0pt;
  padding:0in 6.35pt 0in 6.35pt;height:13.65pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:84%'>100%</p>
  </td>
  <td width="15%" valign=bottom style='width:15.06%;border-top:none;border-left:
  none;border-bottom:solid white 1.0pt;border-right:solid white 1.0pt;
  padding:0in 6.35pt 0in 6.35pt;height:13.65pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:84%'>$200,000,000</p>
  </td>
  <td width="16%" valign=bottom style='width:16.8%;border-top:none;border-left:
  none;border-bottom:solid white 1.0pt;border-right:solid white 1.0pt;
  padding:0in 6.35pt 0in 6.35pt;height:13.65pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center;line-height:84%'>$25,760</p>
  </td>
  <td style='border:none;border-bottom:solid black 1.0pt' width="2%"><p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</td>
 </tr>
 <tr style='height:2.15pt'>
  <td width="100%" colspan=6 valign=top style='width:100.0%;border:solid black 1.0pt;
  border-top:none;padding:0in 6.95pt 0in 6.95pt;height:2.15pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:2.0pt'><font style="font-size: 8.0pt">&nbsp;</font></p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-bottom:.95pt;line-height:84%'>&nbsp;</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><br>
(1)&nbsp; The Deferred Compensation Obligations being registered are general
unsecured obligations of Macy&#146;s, Inc. to pay deferred compensation in the
future in accordance with the terms of the Macy&#146;s, Inc. Deferred Compensation
Plan. </p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>(2)&nbsp; Estimated solely for calculating the amount of the
registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as
amended (the &#147;Securities Act&#148;).</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
 style='border-collapse:collapse;border:none' width="1239">
 <tr>
  <td valign=top style='width:1223px;border:1.0pt solid windowtext;
  padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><font style="font-size: 3.0pt">&nbsp;</font></p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection2;'>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b>Explanatory Note</b></p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Registration Statement on Form S-8 (the
&#147;Registration Statement&#148;) is filed by Macy&#146;s, Inc., a Delaware corporation
(&#147;Macy&#146;&#148; or the &#147;Company&#148;), relating to $200,000,000 of unsecured obligations
of the Company to pay deferred compensation in the future (the &#147;Obligations&#148;)
in accordance with the terms of the Macy&#146;s, Inc. Deferred Compensation Plan
(the &#147;Plan&#148;). </p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=686
 style='border-collapse:collapse'>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";punctuation-wrap:hanging;text-autospace:ideograph-numeric ideograph-other'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b>PART II</b></p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b>INFORMATION
  REQUIRED IN THE REGISTRATION STATEMENT</b></p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>Item 3.&nbsp; Incorporation of Documents by Reference.</b></p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following documents, which have been
  previously filed with the Securities and Exchange Commission (the &#147;SEC&#148;) by
  the Company, are incorporated by reference in this Registration Statement as
  of their respective dates:</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:1.0in;text-indent:-.5in'>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Annual Report on Form 10-K for the year ended February
  2, 2013 (SEC File No. 001-13536) filed with the SEC on April 3, 2013 (the
  &#147;Form 10-K&#148;);</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:1.0in;text-indent:-.5in'>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Quarterly Reports on Form 10-Q for the periods ended May
  4, 2013, August 3, 2013 and November 2, 2013 (SEC File No. 001-13536) filed
  with the SEC on June 10, 2013, September 5, 2013 and December 9, 2013,
  respectively; and </p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:1.0in;text-indent:-.5in'>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company&#146;s Current Reports on Form 8-K (SEC File No. 001-13536)
  filed with the SEC on: February 5, 2013; May 14, 2013; May 21, 2013; and
  September 6, 2013.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In addition, all documents subsequently
  filed by the Company with the SEC pursuant to Sections 13(a), 13(c), 14 and
  15(d) of the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) prior to
  the filing of a post-effective amendment to this Registration Statement which
  indicates that all securities offered hereby have been sold or which
  deregisters all securities then remaining unsold, shall be deemed to be
  incorporated by reference into this Registration Statement and to be a part
  hereof from the date of filing of such documents.&nbsp; Notwithstanding the
  foregoing, any report, document or portion thereof that is furnished to, but
  not filed with, the SEC is not so incorporated herein by reference.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any statement contained herein or in a
  document incorporated by reference into this Registration Statement shall be
  deemed to be modified or superseded for purposes of this Registration
  Statement to the extent that a statement contained in this Registration
  Statement or in any other subsequently filed document which also is or is
  deemed to be incorporated by reference in this Registration Statement
  modifies or supersedes such statement.&nbsp; Any such statement so modified or
  superseded shall not be deemed, except as so modified or amended, to
  constitute a part of this Registration Statement.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-left:1.0in'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>Item 4.&nbsp; Description of Securities.</b></p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; This Registration Statement registers
  $200,000,000 of Obligations to be offered to eligible employees of the
  Company under the Plan.&nbsp; </p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Under the terms of the Plan, the Company
  provides eligible employees with the opportunity to defer eligible
  compensation that could not be deferred under the Macy&#146;s 401(k) Retirement
  Investment Plan because of certain limits imposed on plans qualified under Section
  401(a) of the Internal Revenue Code.&nbsp; The Plan permits participants to defer,
  in accordance with the terms of the Plan, base salary and cash incentive
  award compensation.&nbsp; The amounts to be deferred by each participant will be
  based on elections made by the participant under the Plan, and may be for up
  to 50% of base salary and up to 90% of an incentive award payment.&nbsp; Elections
  to defer each year must be made prior to the January 1 commencement of the Plan&#146;s
  plan year and cannot be changed after that date. &nbsp;&nbsp;&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A participant&#146;s account in the Plan is
  credited with earnings as if the account was invested in one or more
  investment alternatives offered under the Plan.&nbsp; The earnings are indexed to
  the investment funds elected by the participant.&nbsp; Each participant&#146;s account
  will be adjusted to reflect the rate of return, positive or negative, based
  upon the actual investment performance of the investment funds corresponding
  to the investment alternatives selected by the participant.&nbsp; A participant
  may reallocate the amounts in the participant&#146;s account among the investment
  alternatives from time to time in accordance with the terms of the Plan.&nbsp; </p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In accordance with the terms of the Plan,
  additional amounts of up to a specified percentage of the amount deferred by
  a participant each year are credited annually to the participant&#146;s account in
  the form of a Company matching contribution.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A participant will be 100% vested at all
  times in the amounts of base salary and incentive award compensation the
  participant has deferred.&nbsp; A participant will be vested in any Company
  matching contribution in accordance with the vesting schedule set forth in
  the Plan, but generally after two years.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Although the value of a participant&#146;s
  account (and, therefore, the amount of the liability under an Obligation)
  will be based upon the performance of the investment funds corresponding to
  the investment alternatives, the participant will not have an actual interest
  in such investment funds but only in the Obligations.&nbsp; Macy&#146;s is under no
  obligation to invest any portion of the Obligations in any of the investment
  funds to which investment alternatives are indexed.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Obligations are unfunded and unsecured
  obligations of the Company to pay deferred compensation in the future in accordance
  with the terms of the Plan.&nbsp; In connection with the Plan, the Company has
  created a grantor trust, known as a &#147;rabbi trust,&#148; as a source of funds from
  which it can pay benefits to Plan participants.&nbsp; The Obligations may be paid
  from the Company&#146;s general assets or from the assets of the rabbi trust.&nbsp; The
  trust assets are subject to the claims of general creditors of the Company.&nbsp;
  The Obligations will rank equally with other unsecured indebtedness of the
  Company from time to time.&nbsp; Plan participants will not have any preferential
  right to any assets in the rabbi trust.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Obligations are payable in cash upon a
  participant&#146;s retirement, termination of employment, death, and/or other
  times provided in the Plan.&nbsp; Obligations are not convertible into another
  security of the Company.&nbsp; The Obligations generally are payable in the form
  of a lump sum distribution or in up to 15 annual installments, at the
  election of the participant made in accordance with the terms of the Plan.&nbsp; </p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; A participant may designate one or more
  beneficiaries to receive any portion of Obligations payable in the event of
  the participant&#146;s death.&nbsp; Except as may be required by law, no participant or
  beneficiary may alienate, commute, anticipate, assign, pledge, encumber,
  transfer, or dispose of any right or interest in the Plan.&nbsp;&nbsp;&nbsp; </p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The Plan is administered by on behalf of
  the Company by the Company&#146;s Pension and Profit Sharing Committee.&nbsp; The Plan
  may be amended or terminated by the Company at any time.&nbsp; No termination or
  amendment shall affect the payment of or decrease the benefits attributable
  to compensation deferred prior to such termination or amendment.&nbsp; </p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As required by law, the Plan is limited to
  a select group of management or highly compensated employees.&nbsp; The Plan is
  also intended to comply with Section 409A of the Internal Revenue Code, where
  applicable.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The foregoing summarizes the material
  terms and provisions of the Obligations.&nbsp; It is not a complete legal
  description of the Obligations and is qualified in its entirety by reference
  to the Plan.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>Item 5.&nbsp; Interests of Named Experts and Counsel.</b></p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The legality of the Obligations registered
  hereby has been passed upon for the Company by Dennis J. Broderick, who is
  employed by the Company as its Executive Vice President, General Counsel and
  Secretary.&nbsp; Mr. Broderick owns Company securities and is eligible to
  participate in the Plan.</p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>Item 6.&nbsp; Indemnification of Directors and Officers.</b></p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 145 of the Delaware General
  Corporation Law provides, in general, that each director and officer of a
  corporation may be indemnified against expenses (including attorneys&#146; fees),
  judgments, fines and amounts paid in settlement actually and reasonably
  incurred in connection with any threatened, pending or completed legal proceedings
  in which he or she is involved by reason of the fact that he or she is or was
  a director or officer, if he or she acted in good faith and in a manner that
  he or she reasonably believed to be in or not opposed to the best interests
  of the corporation, and, with respect to any criminal action or proceeding,
  if he or she had no reasonable cause to believe that his or her conduct was
  unlawful. If the legal proceeding, however, is by or in the right of the
  corporation, the director or officer may not be indemnified in respect of any
  claim, issue or matter as to which he or she has been adjudged to be liable
  to the corporation unless a court determines otherwise.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>&nbsp;</b></p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Macy&#146;s certificate of incorporation and
  by-laws provide for the indemnification of Macy&#146;s directors and officers to
  the fullest extent permitted by applicable law.&nbsp; </p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>Item 7.&nbsp; Exemption from Registration Claimed</b></p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>&nbsp;</b></p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>Item 8.&nbsp; Exhibits</b></p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The exhibits to this Registration
  Statement are listed in the exhibit index that immediately precedes such
  exhibits and is incorporated herein by reference.</p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>Item 9.&nbsp; Undertakings.</b></p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=686 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:52.0pt;text-indent:-16.0pt;punctuation-wrap:hanging;text-autospace:
  ideograph-numeric ideograph-other'>(a)<font style="font-size: 8.5pt"> </font>The
  Company hereby undertakes:</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:71.5pt;text-indent:-16.0pt;punctuation-wrap:hanging;text-autospace:
  ideograph-numeric ideograph-other'>(1)<font style="font-size: 8.5pt"> </font>to
  file, during any period in which offers or sales are being made, a
  post-effective amendment to this Registration Statement:</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:1.35in;text-indent:-15.85pt;punctuation-wrap:hanging;text-autospace:
  ideograph-numeric ideograph-other'>(i)<font style="font-size: 8.5pt"> </font>to
  include any prospectus required by Section 10(a)(3) of the Securities Act;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:97.5pt;text-indent:-16.0pt;punctuation-wrap:hanging;text-autospace:
  ideograph-numeric ideograph-other'>(ii)<font style="font-size: 8.5pt"> </font>to
  reflect in the prospectus any facts or events arising after the effective
  date of the Registration Statement (or the most recent post-effective
  amendment thereof) which, individually or in the aggregate, represent a
  fundamental change in the information set forth in the Registration
  Statement. Notwithstanding the foregoing, any increase or decrease in volume
  of securities offered (if the total dollar value of securities offered would
  not exceed that which was registered) and any deviation from the low or high
  end of the estimated maximum offering range may be reflected in the form of
  prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate,
  the changes in volume and price represent no more than 20 percent change in
  the maximum aggregate offering price set forth in the &#147;Calculation of
  Registration Fee&#148; table in the effective Registration Statement;</p>
  <br
  clear=all style='page-break-before:always'>

  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:97.5pt;text-indent:-16.0pt;punctuation-wrap:hanging;text-autospace:
  ideograph-numeric ideograph-other'>(iii)<font style="font-size: 8.5pt"> </font>to
  include any material information with respect to the plan of distribution not
  previously disclosed in the Registration Statement or any material change to
  such information in the Registration Statement;</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:1.0in;punctuation-wrap:hanging;text-autospace:ideograph-numeric ideograph-other'><i>provided</i>,
  <i>however</i>, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply
  if the information required to be included in a post-effective amendment by
  those paragraphs is contained in reports filed with or furnished to the SEC
  by the Company pursuant to Section 13 or Section 15(d) of the Exchange Act
  that are incorporated by reference in the Registration Statement.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:71.5pt;text-indent:-16.0pt;punctuation-wrap:hanging;text-autospace:
  ideograph-numeric ideograph-other'>(2)<font style="font-size: 8.5pt"> </font>that,
  for the purpose of determining any liability under the Securities Act, each
  such post-effective amendment shall be deemed to be a new registration
  statement relating to the securities offered therein, and the offering of
  such securities at that time shall be deemed to be the initial bona fide
  offering thereof.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:71.5pt;text-indent:-16.0pt;punctuation-wrap:hanging;text-autospace:
  ideograph-numeric ideograph-other'>(3)<font style="font-size: 8.5pt"> </font>to
  remove from registration by means of a post-effective amendment any of the
  securities being registered which remain unsold at the termination of the
  offering.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:52.0pt;text-indent:-16.0pt;punctuation-wrap:hanging;text-autospace:
  ideograph-numeric ideograph-other'>(b)<font style="font-size: 8.5pt"> </font>The
  Company hereby undertakes that, for purposes of determining any liability
  under the Securities Act, each filing of the Company&#146;s annual report pursuant
  to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
  each filing of an employee benefit plan&#146;s annual report pursuant to Section
  15(d) of the Exchange Act) that is incorporated by reference in the
  Registration Statement shall be deemed to be a new registration statement
  relating to the securities offered therein, and the offering of such
  securities at that time shall be deemed to be the initial bona fide offering
  thereof.</p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
  margin-left:52.0pt;text-indent:-16.0pt;punctuation-wrap:hanging;text-autospace:
  ideograph-numeric ideograph-other'>(c)<font style="font-size: 8.5pt"> </font>Insofar
  as indemnification for liabilities arising under the Securities Act may be
  permitted to directors, officers and controlling persons of the Company pursuant
  to the foregoing provisions, or otherwise, the Company has been advised that
  in the opinion of the SEC such indemnification is against public policy as
  expressed in the Securities Act and is, therefore, unenforceable. In the
  event that a claim for indemnification against such liabilities (other than
  the payment by the Company of expenses incurred or paid by a director,
  officer or controlling person of the Company in the successful defense of any
  action, suit or proceeding) is asserted by such director, officer or
  controlling person in connection with the securities being registered, the
  Company will, unless in the opinion of its counsel the matter has been
  settled by controlling precedent, submit to a court of appropriate
  jurisdiction the question as to whether such indemnification by it is against
  public policy as expressed in the Securities Act and will be governed by the
  final adjudication of such issue.</p>
  </td>
 </tr>
</table>

<br
clear=all style='page-break-before:always'>


<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=686
 style='border-collapse:collapse'>
 <tr style='page-break-inside:avoid;height:3.2pt'>
  <td width=686 colspan=2 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt;
  height:3.2pt'><br
  clear=all style='page-break-before:always'>

  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b>SIGNATURES</b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:3.2pt'>
  <td width=686 colspan=2 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt;
  height:3.2pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:3.2pt'>
  <td width=686 colspan=2 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt;
  height:3.2pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</i>Pursuant to the
  requirements of the Securities Act, the Company certifies that it has
  reasonable grounds to believe that it meets all of the requirements for
  filing on Form S-8 and has duly caused this Registration Statement to be
  signed on its behalf by the undersigned, thereunto duly authorized, in the
  City of Cincinnati, State of Ohio on December 18, 2013.</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:3.2pt'>
  <td width=686 colspan=2 valign=top style='width:7.15in;padding:0in 5.4pt 0in 5.4pt;
  height:3.2pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:2.85pt'>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt;
  height:2.85pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt;
  height:2.85pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>MACY'S, INC.</b></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:2.8pt'>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:2.8pt'>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>By:&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Dennis J. Broderick&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:2.8pt'>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><i>Dennis J. Broderick</i></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:2.8pt'>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><i>Executive Vice President, General Counsel and Secretary</i></p>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><i>&nbsp;</i></p>
  </td>
 </tr>
</table>

</div>

<br
clear=all style='page-break-before:auto'>


<div style='page:WordSection3;'>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Pursuant to the requirements of the Securities Act, this
Registration Statement has been signed by the following persons in the
capacities indicated as of the 18th day of December, 2013.</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=725
 style='margin-left:.4pt;border-collapse:collapse'>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b><u>Signature</u></b></p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b><u>Title</u></b></p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
  </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Terry L. Lundgren</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Chairman of the Board, President, Chief Executive Officer
  and Director<br>
  &nbsp;&nbsp;&nbsp;(principal executive officer)</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
  </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Karen M. Hoguet</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Chief Financial Officer</p>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp; (principal financial officer)</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
  </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Joel A. Belsky</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Executive Vice President and Controller<br>
  &nbsp;&nbsp;&nbsp;(principal accounting officer)</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
  </u>&nbsp;&nbsp;&nbsp; Stephen F. Bollenbach</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Director</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deirdre P. Connelly</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Director</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
  </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Meyer Feldberg</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Director</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
  </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sara Levinson</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Director</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
  </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Joseph Neubauer</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Director</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
  </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Joyce M. Roch&#233;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Director</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
  </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Paul C. Varga</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Director</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
  </u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Craig E. Weatherup</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Director</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=216 valign=top style='width:2.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>
  </u>&nbsp;&nbsp;&nbsp; Marna C. Whittington</p>
  </td>
  <td width=24 valign=top style='width:.25in;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=485 valign=top style='width:364.1pt;padding:0in 0in 0in 0in'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Director</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><br>
*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned, by signing his name hereto,
does sign and execute this Registration Statement pursuant to Powers of
Attorney executed by the above-named persons.</p>

</div>

<br
clear=all style='page-break-before:auto'>


<div style='page:WordSection4;'>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width=686
 style='border-collapse:collapse'>
 <tr style='page-break-inside:avoid;height:2.8pt'>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
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  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>By:&nbsp;&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Dennis J. Broderick&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </u></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:2.8pt'>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><i>Dennis J. Broderick,</i></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:2.8pt'>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><i>Attorney-in-Fact</i></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid;height:2.8pt'>
  <td width=307 valign=top style='width:3.2in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=379 valign=top style='width:3.95in;padding:0in 5.4pt 0in 5.4pt;
  height:2.8pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><i>&nbsp;</i></p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

</div>

<br
clear=all style='page-break-before:always'>


<div style='page:WordSection5;'>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'>&nbsp;<u>INDEX TO EXHIBITS</u></p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0 width=686
 style='border-collapse:collapse;border:none'>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><u><br>
  <br>
  Exhibit No.</u></p>
  </td>
  <td width=510 valign=top style='width:382.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='mso-style-link:"Footer Char";margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><u><br>
  <br>
  Exhibit</u></p>
  </td>
  <td width=96 valign=top style='width:1.0in;border:none;padding:0in 5.4pt 0in 5.4pt'>
  &nbsp;</td>
  <td style='border:none;padding:0in 0in 0in 0in' width=1><p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=510 valign=top style='width:382.5pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=96 valign=top style='width:1.0in;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td style='border:none;padding:0in 0in 0in 0in' width=1><p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.1</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Amended and Restated Certificate of Incorporation of
  Macy&#146;s, Inc. (incorporated herein by reference to Exhibit 3.1 to Macy&#146;s
  Inc.&#146;s Current Report on Form 8-K (SEC File No. 001-13536) filed with the SEC
  on May 18, 2010)</p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.2</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Certificate of Designations of Series A Junior
  Participating Preferred Stock (incorporated herein by reference to Exhibit
  3.1.1 to Macy&#146;s, Inc.&#146;s Annual Report on Form 10-K for the fiscal year ended
  January 28, 1995 (SEC File No. 001-13536) filed with the SEC on April 20,
  1995)</p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>&nbsp;</b></p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.3</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Article Seventh of the Amended and Restated Certificate of
  Incorporation of Macy&#146;s, Inc. (incorporated herein by reference to Exhibit
  3.1 to Macy&#146;s Inc.&#146;s Current Report on Form 8-K (SEC File No. 001-13536)
  filed with the SEC on May 24, 2011)</p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>&nbsp;</b></p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.4</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Amended and Restated By-Laws of Macy&#146;s, Inc. (incorporated
  herein by reference to Exhibit 3.2 to Macy&#146;s Inc.&#146;s Current Report on Form
  8-K (SEC File No. 001-13536) filed with the SEC on May 24, 2011)</p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>&nbsp;</b></p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.5</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Macy&#146;s, Inc. Deferred Compensation Plan (filed herewith)</p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b>&nbsp;</b></p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'><b>&nbsp;</b></p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.1</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Opinion of Counsel (filed herewith)</p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp; 23.1</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Consent of KPMG LLP (filed herewith)</p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp; 23.2</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Consent of Counsel (included in Exhibit 5.1)</p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;&nbsp;&nbsp; 24.1</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>Powers of Attorney (filed herewith)</p>
  </td>
 </tr>
 <tr>
  <td width=79 valign=top style='width:59.4pt;border:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
  <td width=607 colspan=3 valign=top style='width:455.4pt;border:none;
  padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";'>&nbsp;</p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;punctuation-wrap:simple;text-autospace:none;font-size:10.0pt;font-family:"Times New Roman","serif";margin-right:.35in;text-align:right'>&nbsp;</p>

</div>

</body>

</html>
[{"type": "S-8", "sequence": "1", "filename": "ess812182013.htm", "description": "FORM S-8 FILED 12-18-2013", "secsgml_size_bytes": 105295}]
{"company-data": {"conformed-name": "Macy's, Inc.", "cik": "0000794367", "assigned-sic": "5311", "irs-number": "133324058", "state-of-incorporation": "DE", "fiscal-year-end": "0129"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-192917", "film-number": "131284387"}, "business-address": {"street1": "7 WEST SEVENTH STREET", "city": "CINCINNATI", "state": "OH", "zip": "45202", "phone": "5135797000"}, "mail-address": {"street1": "7 W SEVENTH ST", "city": "CINCINNATI", "state": "OH", "zip": "45202"}, "former-company": [{"former-conformed-name": "FEDERATED DEPARTMENT STORES INC /DE/", "date-changed": "19950307"}, {"former-conformed-name": "R H MACY & CO INC", "date-changed": "19950307"}, {"former-conformed-name": "MACY ACQUIRING CORP", "date-changed": "19861124"}]}
As filed with the
Securities and Exchange Commission on December 18, 2013
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE
SECURITIES ACT OF 1933
MACY'S, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or other jurisdiction of
  incorporation or organization)
13-3324058
(I.R.S. Employer Identification
  Number)
7 West Seventh Street
Cincinnati, Ohio  45202
(Address of Principal Executive
Offices) (Zip Code)
MACY'S,
INC. DEFERRED COMPENSATION PLAN
(Full
title of the plan)
Dennis J. Broderick, Esq.
Executive Vice President, General Counsel, and Secretary
Macy's, Inc.
7 West Seventh Street
Cincinnati, Ohio  45202
(513) 579-7000
(Name,
address and telephone number, including area code, of agent for service)
Indicate by check mark
whether the registrant is a large accelerated filer, an accelerated filer, a
non-accelerated filer, or a smaller reporting company.  See the definitions of
"large accelerated filer," "accelerated filer" and "smaller reporting company"
in Rule 12b-2 of the Exchange Act.  (Check one):
Large accelerated filer
X
Accelerated filer    __
Non-accelerated filer     
	__
(Do not check if a smaller
  reporting company)
Smaller reporting company   __
CALCULATION OF
REGISTRATION FEE
Title of
Securities to
be Registered
Amount
to be
Registered (2)
Proposed
Maximum
Offering
Price per
Share
Proposed
Maximum
Aggregate
Offering
Price (2)
Amount of
Registration Fee
Deferred Compensation Obligations (1)
$200,000,000
100%
$200,000,000
$25,760
(1)  The Deferred Compensation Obligations being registered are general
unsecured obligations of Macy's, Inc. to pay deferred compensation in the
future in accordance with the terms of the Macy's, Inc. Deferred Compensation
Plan.
(2)  Estimated solely for calculating the amount of the
registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as
amended (the "Securities Act").
Explanatory Note
This Registration Statement on Form S-8 (the
"Registration Statement") is filed by Macy's, Inc., a Delaware corporation
("Macy'" or the "Company"), relating to $200,000,000 of unsecured obligations
of the Company to pay deferred compensation in the future (the "Obligations")
in accordance with the terms of the Macy's, Inc. Deferred Compensation Plan
(the "Plan").
PART II
INFORMATION
  REQUIRED IN THE REGISTRATION STATEMENT
Item 3.  Incorporation of Documents by Reference.
The following documents, which have been
  previously filed with the Securities and Exchange Commission (the "SEC") by
  the Company, are incorporated by reference in this Registration Statement as
  of their respective dates:
(a)           The Company's Annual Report on Form 10-K for the year ended February
  2, 2013 (SEC File No. 001-13536) filed with the SEC on April 3, 2013 (the
  "Form 10-K");
(b)           The Company's Quarterly Reports on Form 10-Q for the periods ended May
  4, 2013, August 3, 2013 and November 2, 2013 (SEC File No. 001-13536) filed
  with the SEC on June 10, 2013, September 5, 2013 and December 9, 2013,
  respectively; and
(c)            The Company's Current Reports on Form 8-K (SEC File No. 001-13536)
  filed with the SEC on: February 5, 2013; May 14, 2013; May 21, 2013; and
  September 6, 2013.
In addition, all documents subsequently
  filed by the Company with the SEC pursuant to Sections 13(a), 13(c), 14 and
  15(d) of the Securities Exchange Act of 1934 (the "Exchange Act") prior to
  the filing of a post-effective amendment to this Registration Statement which
  indicates that all securities offered hereby have been sold or which
  deregisters all securities then remaining unsold, shall be deemed to be
  incorporated by reference into this Registration Statement and to be a part
  hereof from the date of filing of such documents.  Notwithstanding the
  foregoing, any report, document or portion thereof that is furnished to, but
  not filed with, the SEC is not so incorporated herein by reference.
Any statement contained herein or in a
  document incorporated by reference into this Registration Statement shall be
  deemed to be modified or superseded for purposes of this Registration
  Statement to the extent that a statement contained in this Registration
  Statement or in any other subsequently filed document which also is or is
  deemed to be incorporated by reference in this Registration Statement
  modifies or supersedes such statement.  Any such statement so modified or
  superseded shall not be deemed, except as so modified or amended, to
  constitute a part of this Registration Statement.
Item 4.  Description of Securities.
This Registration Statement registers
  $200,000,000 of Obligations to be offered to eligible employees of the
  Company under the Plan.
Under the terms of the Plan, the Company
  provides eligible employees with the opportunity to defer eligible
  compensation that could not be deferred under the Macy's 401(k) Retirement
  Investment Plan because of certain limits imposed on plans qualified under Section
  401(a) of the Internal Revenue Code.  The Plan permits participants to defer,
  in accordance with the terms of the Plan, base salary and cash incentive
  award compensation.  The amounts to be deferred by each participant will be
  based on elections made by the participant under the Plan, and may be for up
  to 50% of base salary and up to 90% of an incentive award payment.  Elections
  to defer each year must be made prior to the January 1 commencement of the Plan's
  plan year and cannot be changed after that date.
A participant's account in the Plan is
  credited with earnings as if the account was invested in one or more
  investment alternatives offered under the Plan.  The earnings are indexed to
  the investment funds elected by the participant.  Each participant's account
  will be adjusted to reflect the rate of return, positive or negative, based
  upon the actual investment performance of the investment funds corresponding
  to the investment alternatives selected by the participant.  A participant
  may reallocate the amounts in the participant's account among the investment
  alternatives from time to time in accordance with the terms of the Plan.
In accordance with the terms of the Plan,
  additional amounts of up to a specified percentage of the amount deferred by
  a participant each year are credited annually to the participant's account in
  the form of a Company matching contribution.
A participant will be 100% vested at all
  times in the amounts of base salary and incentive award compensation the
  participant has deferred.  A participant will be vested in any Company
  matching contribution in accordance with the vesting schedule set forth in
  the Plan, but generally after two years.
Although the value of a participant's
  account (and, therefore, the amount of the liability under an Obligation)
  will be based upon the performance of the investment funds corresponding to
  the investment alternatives, the participant will not have an actual interest
  in such investment funds but only in the Obligations.  Macy's is under no
  obligation to invest any portion of the Obligations in any of the investment
  funds to which investment alternatives are indexed.
The Obligations are unfunded and unsecured
  obligations of the Company to pay deferred compensation in the future in accordance
  with the terms of the Plan.  In connection with the Plan, the Company has
  created a grantor trust, known as a "rabbi trust," as a source of funds from
  which it can pay benefits to Plan participants.  The Obligations may be paid
  from the Company's general assets or from the assets of the rabbi trust.  The
  trust assets are subject to the claims of general creditors of the Company. 
  The Obligations will rank equally with other unsecured indebtedness of the
  Company from time to time.  Plan participants will not have any preferential
  right to any assets in the rabbi trust.
The Obligations are payable in cash upon a
  participant's retirement, termination of employment, death, and/or other
  times provided in the Plan.  Obligations are not convertible into another
  security of the Company.  The Obligations generally are payable in the form
  of a lump sum distribution or in up to 15 annual installments, at the
  election of the participant made in accordance with the terms of the Plan.
A participant may designate one or more
  beneficiaries to receive any portion of Obligations payable in the event of
  the participant's death.  Except as may be required by law, no participant or
  beneficiary may alienate, commute, anticipate, assign, pledge, encumber,
  transfer, or dispose of any right or interest in the Plan.
The Plan is administered by on behalf of
  the Company by the Company's Pension and Profit Sharing Committee.  The Plan
  may be amended or terminated by the Company at any time.  No termination or
  amendment shall affect the payment of or decrease the benefits attributable
  to compensation deferred prior to such termination or amendment.
As required by law, the Plan is limited to
  a select group of management or highly compensated employees.  The Plan is
  also intended to comply with Section 409A of the Internal Revenue Code, where
  applicable.
The foregoing summarizes the material
  terms and provisions of the Obligations.  It is not a complete legal
  description of the Obligations and is qualified in its entirety by reference
  to the Plan.
Item 5.  Interests of Named Experts and Counsel.
The legality of the Obligations registered
  hereby has been passed upon for the Company by Dennis J. Broderick, who is
  employed by the Company as its Executive Vice President, General Counsel and
  Secretary.  Mr. Broderick owns Company securities and is eligible to
  participate in the Plan.
Item 6.  Indemnification of Directors and Officers.
Section 145 of the Delaware General
  Corporation Law provides, in general, that each director and officer of a
  corporation may be indemnified against expenses (including attorneys' fees),
  judgments, fines and amounts paid in settlement actually and reasonably
  incurred in connection with any threatened, pending or completed legal proceedings
  in which he or she is involved by reason of the fact that he or she is or was
  a director or officer, if he or she acted in good faith and in a manner that
  he or she reasonably believed to be in or not opposed to the best interests
  of the corporation, and, with respect to any criminal action or proceeding,
  if he or she had no reasonable cause to believe that his or her conduct was
  unlawful. If the legal proceeding, however, is by or in the right of the
  corporation, the director or officer may not be indemnified in respect of any
  claim, issue or matter as to which he or she has been adjudged to be liable
  to the corporation unless a court determines otherwise.
Macy's certificate of incorporation and
  by-laws provide for the indemnification of Macy's directors and officers to
  the fullest extent permitted by applicable law.
Item 7.  Exemption from Registration Claimed
Not applicable.
Item 8.  Exhibits
The exhibits to this Registration
  Statement are listed in the exhibit index that immediately precedes such
  exhibits and is incorporated herein by reference.
Item 9.  Undertakings.
(a)
The
  Company hereby undertakes:
(1)
to
  file, during any period in which offers or sales are being made, a
  post-effective amendment to this Registration Statement:
(i)
to
  include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)
to
  reflect in the prospectus any facts or events arising after the effective
  date of the Registration Statement (or the most recent post-effective
  amendment thereof) which, individually or in the aggregate, represent a
  fundamental change in the information set forth in the Registration
  Statement. Notwithstanding the foregoing, any increase or decrease in volume
  of securities offered (if the total dollar value of securities offered would
  not exceed that which was registered) and any deviation from the low or high
  end of the estimated maximum offering range may be reflected in the form of
  prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate,
  the changes in volume and price represent no more than 20 percent change in
  the maximum aggregate offering price set forth in the "Calculation of
  Registration Fee" table in the effective Registration Statement;
(iii)
to
  include any material information with respect to the plan of distribution not
  previously disclosed in the Registration Statement or any material change to
  such information in the Registration Statement;
provided
,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply
  if the information required to be included in a post-effective amendment by
  those paragraphs is contained in reports filed with or furnished to the SEC
  by the Company pursuant to Section 13 or Section 15(d) of the Exchange Act
  that are incorporated by reference in the Registration Statement.
(2)
that,
  for the purpose of determining any liability under the Securities Act, each
  such post-effective amendment shall be deemed to be a new registration
  statement relating to the securities offered therein, and the offering of
  such securities at that time shall be deemed to be the initial bona fide
  offering thereof.
(3)
to
  remove from registration by means of a post-effective amendment any of the
  securities being registered which remain unsold at the termination of the
  offering.
(b)
The
  Company hereby undertakes that, for purposes of determining any liability
  under the Securities Act, each filing of the Company's annual report pursuant
  to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
  each filing of an employee benefit plan's annual report pursuant to Section
  15(d) of the Exchange Act) that is incorporated by reference in the
  Registration Statement shall be deemed to be a new registration statement
  relating to the securities offered therein, and the offering of such
  securities at that time shall be deemed to be the initial bona fide offering
  thereof.
(c)
Insofar
  as indemnification for liabilities arising under the Securities Act may be
  permitted to directors, officers and controlling persons of the Company pursuant
  to the foregoing provisions, or otherwise, the Company has been advised that
  in the opinion of the SEC such indemnification is against public policy as
  expressed in the Securities Act and is, therefore, unenforceable. In the
  event that a claim for indemnification against such liabilities (other than
  the payment by the Company of expenses incurred or paid by a director,
  officer or controlling person of the Company in the successful defense of any
  action, suit or proceeding) is asserted by such director, officer or
  controlling person in connection with the securities being registered, the
  Company will, unless in the opinion of its counsel the matter has been
  settled by controlling precedent, submit to a court of appropriate
  jurisdiction the question as to whether such indemnification by it is against
  public policy as expressed in the Securities Act and will be governed by the
  final adjudication of such issue.
SIGNATURES
Pursuant to the
  requirements of the Securities Act, the Company certifies that it has
  reasonable grounds to believe that it meets all of the requirements for
  filing on Form S-8 and has duly caused this Registration Statement to be
  signed on its behalf by the undersigned, thereunto duly authorized, in the
  City of Cincinnati, State of Ohio on December 18, 2013.
MACY'S, INC.
By:
/s/ Dennis J. Broderick
Dennis J. Broderick
Executive Vice President, General Counsel and Secretary
Pursuant to the requirements of the Securities Act, this
Registration Statement has been signed by the following persons in the
capacities indicated as of the 18th day of December, 2013.
Signature
Title
*
Terry L. Lundgren
Chairman of the Board, President, Chief Executive Officer
  and Director
(principal executive officer)
*
Karen M. Hoguet
Chief Financial Officer
(principal financial officer)
*
Joel A. Belsky
Executive Vice President and Controller
(principal accounting officer)
*
Stephen F. Bollenbach
Director
*
Deirdre P. Connelly
Director
*
Meyer Feldberg
Director
*
Sara Levinson
Director
*
Joseph Neubauer
Director
*
Joyce M. Roché
Director
*
Paul C. Varga
Director
*
Craig E. Weatherup
Director
*
Marna C. Whittington
Director
*     The undersigned, by signing his name hereto,
does sign and execute this Registration Statement pursuant to Powers of
Attorney executed by the above-named persons.
By:
/s/ Dennis J. Broderick
Dennis J. Broderick,
Attorney-in-Fact
INDEX TO EXHIBITS
Exhibit No.
Exhibit
4.1
Amended and Restated Certificate of Incorporation of
  Macy's, Inc. (incorporated herein by reference to Exhibit 3.1 to Macy's
  Inc.'s Current Report on Form 8-K (SEC File No. 001-13536) filed with the SEC
  on May 18, 2010)
4.2
Certificate of Designations of Series A Junior
  Participating Preferred Stock (incorporated herein by reference to Exhibit
  3.1.1 to Macy's, Inc.'s Annual Report on Form 10-K for the fiscal year ended
  January 28, 1995 (SEC File No. 001-13536) filed with the SEC on April 20,
  1995)
4.3
Article Seventh of the Amended and Restated Certificate of
  Incorporation of Macy's, Inc. (incorporated herein by reference to Exhibit
  3.1 to Macy's Inc.'s Current Report on Form 8-K (SEC File No. 001-13536)
  filed with the SEC on May 24, 2011)
4.4
Amended and Restated By-Laws of Macy's, Inc. (incorporated
  herein by reference to Exhibit 3.2 to Macy's Inc.'s Current Report on Form
  8-K (SEC File No. 001-13536) filed with the SEC on May 24, 2011)
4.5
Macy's, Inc. Deferred Compensation Plan (filed herewith)
5.1
Opinion of Counsel (filed herewith)
23.1
Consent of KPMG LLP (filed herewith)
23.2
Consent of Counsel (included in Exhibit 5.1)
24.1
Powers of Attorney (filed herewith)