Bank Short Interest Highlights: Month Ended Dec. 15

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Most Shares Sold Short

Institution Position

1 PNC Bank Corp. (R) 14,250,608

2 Citicorp 10,346,848

3 Fleet Financial Group I 9,774,428

4 National City Corp. 9,732,517

5 Glendale Federal Bank 8,047,270

6 Chemical Banking Corp. 7,668,466

7 Norwest Corp. 6,958,555

8 Bank of New York 6,042,925

9 First USA Inc. 5,823,706

10 First Union Corp. 5,108,447

Most Days to Cover*

Institution Days

1 National City Corp. 44.6

2 Southern National Corp. 26.7

3 Union Planters Corp. 24.8

4 Glendale Federal Bank 18.3

5 TCF Financial Corp. 14.9

6 Amsouth Bancorp. 14.3

7 First USA Inc. 13.6

8 First Bank System Inc. 11.2

9 PNC Bank Corp. (R) 10.8

10 First Union Corp. 10.7

Largest Unit Increases

Institution Unit Chng

1 Norwest Corp. 2,284,634

2 Citicorp 1,873,264

3 Chemical Banking Corp. 1,308,652

4 National City Corp. 1,301,151

5 Mercury Finance Co. 1,194,319

6 Glendale Federal Bank 952,344

7 First USA Inc. 857,366

8 MBNA Corp. 711,269

9 Capital One Financial C 655,321

10 Bank of Boston Corp. 651,588

Largest Unit Decreases

Institution Unit Chng

1 PNC Bank Corp. (R) -25,751,556

2 First Union Corp. -5,812,307

3 NationsBank Corp. -3,022,277

4 Banc One Corp. -1,392,756

5 First Bank System Inc. -1,099,097

6 Fleet Financial Group I -973,943

7 BankAmerica Corp. -973,855

8 Mellon Bank Corp. -846,554

9 Crestar Financial Corp. -799,750

10 American Express Co. -732,979

Largest Percent Increases

Institution Pct Chng

1 Capital One Financial C 355.2

2 North Fork Bancorp 167.3

3 Bank of Boston Corp. 139

4 Golden West Financial C 115.8

5 MBNA Corp. 75.1

6 Comerica Inc. 61.7

7 City National Corp. 61.5

8 Norwest Corp. 48.9

9 Dean Witter Discover & 44.8

10 Mercury Finance Co. 44.4

Largest Percent Decreases**

Institution Pct Chng

1 Crestar Financial Corp. -75.2

2 PNC Bank Corp. (R) -64.4

3 First Union Corp. -53.2

4 Star Banc Corp. -51.8

5 J.P. Morgan & Co. -47.8

6 Beneficial Corp. -46.1

7 Republic New York Corp. -43.3

8 Federal National Mortga -41.5

9 Coast Savings Financial -38.9

10 NationsBank Corp. -38.6 === - AMEX listing. * Number of days to cover short interest, assuming average daily trading volume holds constant and that all volume is used in settlement of short positions. ** Rankings limited to issues with open short positions at current settlement date. Overall highlights rankings limited to issues with open short positions of at least 10,000 shares at current or prior settlement dates, with an average daily trading volume of at least 25,000 shares. S - Figures adjusted for stock split or dividend. R - Prior figures revised. Sources: New York Stock Exchange, American Stock Exchange. Compiled by American Banker.

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