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                                                                      EXHIBIT 23
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                       Consent of Independent Auditors
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To the Board of Directors 
of  BayBanks, Inc.:
           
We consent to the inclusion in the Form 8-K dated January 16, 1996, and to the 
incorporation by reference in the registration statements (Nos. 33-29515,
33-52571, 33-61721 and 33-57723) on Forms S-3 and in the registration 
statements (Nos. 33-23407, 33-1899, 33-11186, 33-64462, 33-65850 and 33-66012)
on Forms S-8 of Bank of Boston Corporation of our report dated January 24, 
1995, with respect to the consolidated balance sheets of BayBanks, Inc. and 
subsidiaries as of December 31, 1994, and 1993, and the related consolidated 
statements of income, changes in stockholders' equity, and cash flows for each 
of the years in the three-year period ended December 31, 1994.
           
/s/ KPMG PEAT MARWICK LLP
           
Boston, Massachusetts
January 11, 1996