SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report: January 22, 1997
TELEBANC FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
Commission File No. 33-76930
Delaware 13-3759196
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(State or other jurisdiction of (I.R.S. Employer Identification Number)
incorporation or organization)
1111 N. Highland Street, Arlington, Virginia 22201
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(Address of principal executive office) (Zip code)
(703) 247-3700
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(Registrant's telephone number, including area code)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events.
On January 22, 1997, TeleBanc Financial Corporation issued a
press release announcing the termination of the Agreement and Plan
of Merger dated as of May 10, 1996. The press release is attached
as Exhibit 99 hereto, and incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits.
2. Press release, dated January 22, 1997
INDEX TO EXHIBITS
Exhibit
Number Exhibit Description Page
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99 Press Release, dated January 22, 1997 E-1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TeleBanc Financial Corporation
(Registrant)
Date: January 22, 1997 By: /s/ Mitchell H. Caplan
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Mitchell H. Caplan
President
Date: January 22, 1997 By: /s/ Aileen Lopez Pugh
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Aileen Lopez Pugh
Executive Vice President
Chief Financial Officer/Treasurer