85IZ Sg Issuer 27

RNS No 3735d
CITY OF NEW YORK
30th January 1998


To:    Company Announcements Office

As Agent Bank, please be advised of the following rate determined on the
30-Jan-98

Issue:             THE CITY OF NEW YORK US$425,000,000
                   FLOATING RATE EURONOTES DUE 1998-2002
                    
ISIN NO:           XS0072921553
Issue Nominal:     $425,000,000 
Period:            03-FEB-98           To    05-MAY-98
Number of Days:    91 
Rate:              6                   PCT
Denomination:      $10,000             $100,000
Amount Payable      
Per Denomination:  $151.67             $1,516.67


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


END

RC DLGFMZGKLRMM


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