Exhibit 23



                       Consent of Independent Accountants



The Board of Directors
HSBC USA Inc.:

We consent  to  incorporation  by  reference  in  Registration  Statements  (No.
333-42421,  333-42421-01,  333-42421-02)  on Form S-3 of HSBC  USA  Inc.  of our
report dated February 13, 2001,  relating to the consolidated  balance sheets of
HSBC USA Inc. and subsidiaries as of December 31, 2000 and 1999, and the related
consolidated  statements of income,  changes in shareholders'  equity,  and cash
flows for each of the years in the  three-year  period ended  December 31, 2000,
and the  consolidated  balance  sheets of HSBC Bank USA and  subsidiaries  as of
December  31,  2000 and 1999,  which  report  appears  in the 2000 HSBC USA Inc.
Annual Report on Form 10-K.





/s/ KPMG LLP
March 20, 2001
New York, New York


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