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Standby Letters of Credit
part 1 of 3
Rank
1 Citicorp, New York
2 Chase Manhattan Corp., New York
3 BankAmerica Corp., San Francisco
4 J.P. Morgan & Co. Inc., New York
5 Bankers Trust Corp., New York
6 Comerica Inc., Detroit
7 BankBoston Corp.
8 Bank of New York Co.
9 First Chicago NBD Corp.
10 Wachovia Corp., Winston-Salem, N.C.
Top 10 US banks in Standby Letters of Credit
Total US banks in Standby Letters of Credit issued
Standby L/C issued abroad as a % of Total Standby L/C
part 2 of 3
Standby Letters of Credit
Standby Letters of CrediStandby Letters of Credit
Foreign Based
Rank 3/31/98 3/31/97% Change 3/31/98
1 Citicorp, $17,656 $16,931 4.28% $6,424
2 Chase Manh 13,043 9,001 44.91 27,382
3 BankAmeric 6,660 6,048 10.12 16,582
4 J.P. Morga 2,833 7,055 -59.85 11,879
5 Bankers Tr 1,297 1,061 22.24 3,101
6 Comerica I 785 609 28.93 2,519
7 BankBoston 737 603 22.18 3,241
8 Bank of Ne 658 657 0.21 6,039
9 First Chic 656 562 16.73 8,082
10 Wachovia C 654 186 250.85 7,889
Top 10 US $44,979 $42,713 5.34% $93,138
Total US b$48,059 $45,628 5.33%$180,750
Standby L/ 21.00% 22.10%
part 3 of 3
Standby Letters of Credit
Standby Letters of Credit
U.S. Based Outstanding
Rank 3/31/97 3/31/98 3/31/97
1 Citicorp, $6,626 $24,080 $23,557
2 Chase Manh 27,085 40,425 36,086
3 BankAmeric 16,008 23,242 22,056
4 J.P. Morga 12,411 14,711 19,466
5 Bankers Tr 2,888 4,398 3,949
6 Comerica I 2,198 3,304 2,807
7 BankBoston 3,178 3,978 3,781
8 Bank of Ne 4,751 6,697 5,407
9 First Chic 6,864 8,738 7,426
10 Wachovia C 5,624 8,543 5,810
Top 10 US $87,632 $138,117 $130,345
Total US b $160,820 $228,809 $206,448
Standby L/C issued abroad as a % of Total Standby L/C
