Top 50 Correspondent Bank Holding Companies

+++ Correspondent balances at June 30, 1998 (Dollar amount in thousands)

part 1 of 2

97-98

Jun-98Chg.

Rank in RanBank Holding Company

1 -- Chase Manhattan Corp. New York

2 -- BankAmerica Corp., San Francisco (1, Z)

3 1 Citicorp, New York (2)

4 -1 Wells Fargo & Co, San Francisco (3)

5 1 Banc One Corp., Columbus, Ohio (4, 4a, Z)

6 4 First Chicago NBD, Chicago (4,Z)

7 2 Norwest Corp., Minneapolis, Minn. (3,Z)

8 -3 NationsBank Corp., Charlotte, N.C. (1,1a,Z)

9 -1 Fleet Financial Group, Boston (Z)

10 -3 Bank of New York Co.

11 1 Bankers Trust Corp. (5)

12 -1 First Union Corp., Charlotte, N.C. (6,Z)

13 1 Mellon Bank Corp., Pittsburgh, Pa. (Z)

14 5 U.S. Bancorp, Minneapolis, Minn. (Z)

15 2 Bank of Tokyo Mitsubishi Ltd, Tokyo (f)

16 4 SunTrust Banks Inc. (7)

17 -2 BankBoston Corp. (Z)

18 -5 PNC Bank Corp., Pittsburgh, Pa. (Z)

19 4 ABN AMRO, Amsterdam, Netherlands (8,Z)

20 -4 Marine Midland Banks, Buffalo (f)

21-- National City Corp., Cleveland, Ohio (9,Z)

22-- Harris Trust & Savings Bank, Chicago (f)

23 8 Comerica, Detroit, Mich. (Z)

24 2 Firstar Corp., Milwaukee, Wisc. (10)

25 3 UMB Financial Corp, Kansas City, Mo.

26 2 Cullon/Frost Bankers Inc.

27 -2 First Tennessee National Corp., Memphis

28 14 Wachovia Corp., Winston-Salem, N.C. (11)

29 -2 Mercantile Bancorp. Inc., St. Louis, Mo. (Z)

30 6 Crestar Financaial Corp., Richmond, Va. (8)

31-- First Security Corp., Salt Lake City, Utah

32 5 First National Bank of Maryland, Baltimore (f)

33 20 Union Planters, Memphis, Tenn. (Z)

34 1 MBNA Corp., Wilmington, Del.

35 3 Marshall & Ilsley Corp., Milwaukee, Wisc. (Z)

36 7 First Commercial Corp., Little Rock, Ark. (12)

37 2 Republic National Bank of New York

38 6 Texas Independent Bancshares, Irving, Tex.

39 2 Fifth Third Bancorp, Cincinnati, Ohio (Z)

40-- Regions Financial Corp., Birmingham, Ala. (12,Z)

41 9 First National of Nebraska, Omaha

42 19 Citizens Bank Rhode Island (f)

43 6 Northern Trust Co., Chicago

44 16 First American Corp., Nashville, Tenn. (Z)

45 18 KeyCorp, Cleveland, Ohio

46 8 First Commerce Bancshares, Lincoln, Ne.

47 -7 Riggs National Corp., Washington, D.C.

48 4 Summit Bancorp, Princeton, N.J.

49 10 Commerce Bancshares Inc., Kansas City, Mo.

50 -5 BB&T Corp., Winston-Salem, N.C.

Totals for top 50 representing 106 institutions

Totals for 200 banks with $10M or more in balances

Totals for all commericial banks

part 2 of 2

97-98

Jun-98Chg. Percent

Rank in RanBank 1998 1997 change

1 -- Chase $3,898,341 $3,132,530 24.50%

2 -- BankAm 2,949,250 2,035,250 44.9

3 1 Citico 2,612,441 2,369,689 10.2

4 -1 Wells 2,107,141 2,390,030 -11.8

5 1 Banc O 1,801,173 1,588,552 13.4

6 4 First 1,530,903 969,230 58

7 2 Norwes 1,442,783 1,046,395 37.9

8 -3 Nation 1,351,715 1,354,879 -0.2

9 -1 Fleet 1,336,782 1,102,635 21.2

10 -3 Bank o 1,286,850 1,337,059 -3.8

11 1 Banker 1,016,500 811,500 25.3

12 -1 First 814,518 278,575 192.4

13 1 Mellon 782,672 657,658 19

14 5 U.S. B 741,833 516,203 43.7

15 2 Bank o 634,275 542,242 17

16 4 SunTru 570,630 513,840 11.1

17 -2 BankBo 535,565 590,930 -9.4

18 -5 PNC Ba 520,408 478,736 8.7

19 4 ABN AM 500,256 463,483 7.9

20 -4 Marine 429,836 616,083 -30.2

21-- Nation 422,663 451,994 -6.5

22-- Harris 386,132 381,079 1.3

23 8 Comeri 382,317 177,450 115.5

24 2 Firsta 381,950 272,241 40.3

25 3 UMB Fi 330,652 205,997 60.5

26 2 Cullon 328,920 205,169 60.3

27 -2 First 306,603 281,727 8.8

28 14 Wachov $303,436 $121,014 150.70%

29 -2 Mercan 283,930 13,315n.m.

30 6 Cresta 231,986 148,133 56.6

31-- First 208,572 165,559 26

32 5 First 188,219 142,141 32.4

33 20 Union 177,247 146,109 21.3

34 1 MBNA C 175,638 152,916 14.9

35 3 Marsha 171,616 142,553 20.4

36 7 First 165,490 117,450 40.9

37 2 Republ 162,172 131,141 23.7

38 6 Texas 158,658 115,742 37.1

39 2 Fifth 151,666 136,335 11.3

40-- Region 134,410 100,605 33.6

41 9 First 130,064 103,566 25.6

42 19 Citize 129,005 69,051 86.8

43 6 Northe 128,218 105,961 21

44 16 First 123,962 108,199 14.6

45 18 KeyCor 115,613 68,103 69.8

46 8 First 112,867 95,225 18.5

47 -7 Riggs 111,802 123,465 -9.5

48 4 Summit 111,773 99,482 12.4

49 10 Commer 103,040 70,871 45.4

50 -5 BB&T C 98,096 109,533 -10.4

Totals$33,080,589$27,357,625 20.90%

Totals 36,455,378 30,041,238 21.4

Totals 37,705,856 38,217,594 -1.7

Source: Sheshunoff Information Services Inc., Austin, Tex., from its data base of the federal regulatory Report of Condition filed by all FDIC- insured domestic commercial banks. In addition, Edge bank data were provided by Federal Reserve Board, Washington, D.C. Compiled by American Banker. Total correspondent balances are four quarter averages of demand deposits due to commercial banks in U.S.; demand deposits due to other depository institutions in the U.S.; demand deposits due to banks in foreign counties; demand deposits due to foreign government and official institutions; and June 30th clearing balances in Edge bank subsidiaries. Clearing balances are the sum of transactions due to banks in foreign countries. (1) NationsBank and BankAmerica merged on Oct. 1, taking the name BankAmerica Corp.(1a) NationsBank acquired Barnett Banks on Jan. 7. (2) Citicorp merged with Travelers on Oct. 8, taking the name Citigroup Inc. (3) Wells Fargo and Norwest merged on Nov. 2, taking the name Wells Fargo & Co. (4) Banc One and First Chicago NDB merged Oct. 1, taking the name Bank One Corp. Chicago. (4a) Banc One acquired First Commerce on June 12. (5) Deutche Bank on Nov. 23 announced plans to acquire Bankers Trust New York. (6) First Union acquired CoreStates Financial on April 28. (7) SunTrust Banks Inc. announced on July 20 intentions to acquire Crestar Financial Corp. (8) ABN Amro is the holding company for La Salle NB and European American Bank. (9) National City Corp. acquired First of America Bank on March 31. (10) StarBanc and Firstar Corp. merged on Nov. 20. (11) Wachovia Corp. acquired Central Fidelity Banks on Dec. 15, 1997. (12) Regions Financial acquired First Commercial Corp. of Little Rock, Ark., on July 31. (Z) The 1997 data shown here are higher or lower than reported last year because of changes in the inclusion criteria. n.a. not available. n.m. not meaningful. (f) More than 50% owned by a foreign bank. The data in today's American Banker cover only a portion of the information tabulated. Additional rankings can be found in Ranking the Banks and Ranking the Banks Update. A two-volume series published semi-annually. ===

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