CHEMICAL NEW YORK CORP <CHL> 1ST QTR NET shr 1.58 dlrs vs 1.93 dlrs net 86,220,000 vs 102,629,000 avg shrs 50,831,512 vs 49,156,828 assets 61.04 billion vs 57.95 billion loans 38.76 billion vs 39.68 billion deposits 38.20 billion vs 33.14 billion return on assets 0.57 pct vs 0.71 pct return on common equity 11.47 pct vs 15.19 pct NOTE: 1987 qtr net reduced by 12 mln dlrs because 1.04 billion dlrs of Brazil loans were placed on non-accrual