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Pricing Supplement No. 16 dated June 17, 1996          Registration No. 33-52571
(To Prospectus Supplement dated December 16, 1994      Rule 424(b)(3)
and Prospectus dated March 18, 1994)

                           BANK OF BOSTON CORPORATION

                                MEDIUM-TERM NOTES
                   DUE NINE MONTHS OR MORE FROM DATE OF ISSUE

                              --------------------


     Except as set forth herein, the Senior Notes offered hereby are "Floating
Rate Notes" and have such terms as are described in the accompanying Prospectus
Supplement dated December 16, 1994, relating to Floating Rate Notes.

DTC CUSIP #:  06420 MAR1

Principal Amount:  $14,000,000

Issue Date (Settlement Date):  June 18, 1996

Stated Maturity Date:  June 18, 1997

Issue Price:  100% of Principal Amount

Agent:  The First National Bank of Boston, as agent

Agent's Commission:  $0

Proceeds to the
Corporation:  $14,000,000

Interest Rate(s)
   (Fixed Rate Notes):  N/A

Initial Interest Rate
   (Floating Rate Notes):  To be determined on Settlement Date

Interest Payment Dates:  [ ] June 15 and December 15 of each year.

                         [X] Other: September 18, 1996       December 18, 1996
                                      March 18, 1997           June 18, 1997

Interest Payment Period:  Quarterly
   2

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Record Dates:  [X] Fifteenth calendar day (whether or not a Business Day)
               next preceding each Interest Payment Date.

Interest Rate Basis           [ ] CMT Rate
   (Floating Rate Notes):     [ ] Commercial Paper Rate 
                              [ ] Eleventh District Cost of Funds Rate 
                              [X] Federal Funds Rate 
                              [ ] LIBOR Telerate 
                              [ ] LIBOR Reuters 
                              [ ] Prime Rate 
                              [ ] Treasury Rate 
                              [ ] Other:

Interest Calculation
   (Floating Rate Notes):     [X] Regular Floating Rate Note
                              [ ] Floating Rate/Fixed Rate Note
                                  Fixed Rate Commencement Date:
                                  Fixed Interest Rate:
                              [ ] Inverse Floating Rate Note
                                  Fixed Interest Rate:

Index Maturity
   (Floating Rate Notes):   Daily

Index Currency
(LIBOR Notes):  N/A

Designated LIBOR Page
   (LIBOR Notes):  N/A

Designated CMT Telerate
Page (CMT Rate Notes):  N/A

Designated CMT Maturity
Index (CMT Rate Notes):  N/A

Reuters Screen NYMF Page
(Prime Rate Notes):  N/A

Spread (Plus or Minus)
   (Floating Rate Notes):  +.22%

Spread Multiplier
   (Floating Rate Notes):  N/A


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                                     -3-



Interest Rate Formula
   (Floating Rate Notes):        Fed Funds Effective Rate plus .22%

Interest Reset Dates
   (Floating Rate Notes):  Daily

Interest Reset Period:  Daily

Interest Determination Dates
   (Floating Rate Notes):  Daily

Calculation Agent (if other
   than the Bank)
   (Floating Rate Notes):  N/A

Minimum Interest Rate
   (Floating Rate Notes):  N/A

Maximum Interest Rate
   (Floating Rate Notes):   N/A

Redemption Date(s):  N/A

Initial Redemption Percentage:  N/A

Annual Redemption
   Percentage Reduction:  N/A

Holder's Optional
   Repayment Date(s):  N/A

Day Count Convention
   (Floating Rate Notes):  [ ] 30/360 for the period from _____________ to
                               _______________.
                           [X] Actual/360 for the period from June 18, 1996
                               to June 18, 1997.

Original Issue
   Discount Note:     [ ] Yes

                      [X] No

Total Amount of OID:  N/A

Yield to Maturity:  N/A


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Interest Accrual
   Period:  N/A

Default Rate:  N/A

Other Provisions: Terms used but not defined in this Pricing Supplement shall
have the meanings specified in the above-referenced Prospectus Supplement.