Top 50 Commercial Banks in Mortgage Investments

+++ (Dollars in millions)

part 1 of 4

Rank Total

9/30/98

1 BankAmerica Corp., Charlotte, N.C. (1) $127,478

2 Chase Manhattan Corp., New York 76,020

3 First Union Corp., Charlotte, N.C. 67,225

4 Norwest Corp., Minneapolis 36,872

5 Banc One Corp., Columbus, Ohio (2) 29,295

6 ABN AMRO Americas, Chicago (3) 26,316

7 Fleet Financial Group Inc., Boston (3) 24,333

8 PNC Bank Corp., Pittsburgh (3) 21,539

9 National City Corp., Cleveland 20,954

10 Citicorp, New York (3) 18,442

11 Wells Fargo & Co., San Francisco 15,529

12 Republic New York Corp. 15,519

13 KeyCorp, Cleveland 14,860

14 Summit Bancorp, Princeton, N.J. 14,290

15 Mellon Bank Corp., Pittsburgh 13,949

16 SunTrust Banks, Inc., Atlanta 13,778

17 U.S. Bancorp, Minneapolis 12,391

18 Fifth Third Bancorp, Cincinnati 11,866

19 Wachovia Corp., Winston-Salem, N.C. (3) 11,273

20 Regions Financial Corp., Birmingham, Ala 11,054

21 Crestar Financial Corp., Richmond, Va. 10,650

22 BB&T Corp., Winston-Salem, N.C. 10,478

23 HSBC Holdings Plc, Hong Kong 10,436

24 Mercantile Bancorp Inc., St. Louis 10,382

25 Royal Bank of Scotland, Edinburgh (Citiz 9,035

26 BankBoston Corp. 8,549

27 Union Planters Corp., Memphis 8,064

28 SouthTrust Corp., Birmingham, Ala. 8,051

29 TCF Financial Corp., Wayzata, Minn. 6,986

30 AmSouth Bancorp, Birmingham, Ala. 6,647

31 Huntington Bancshares Inc., Columbus, Oh 6,063

32 First Tennessee National Corp., Memphis 6,004

33 Northern Trust Corp., Chicago 5,722

34 U.S. Trust Corp., New York 5,710

35 Bank of Montreal,, Canada (Harris Bancor 5,656

36 M & T Bancorp, Buffalo 5,482

37 Marshall &Ilsley Corp., Milwaukee (3) 5,274

38 Comerica Inc., Detroit 4,954

39 Firstar Corp., Milwaukee 4,815

40 Star Banc Corp., Cincinnati 4,777

41 Compass Bancshares, Birmingham, Ala. 4,554

42 Allied Irish Banks Ltd., Dublin 4,508

43 Bank of Tokyo-Mitsubishi, Japan (UnionBa 4,427

44 Old Kent Financial Corp., Grand Rapids, 4,028

45 First Security Corp., Salt Lake City 3,823

46 North Fork Bancorp, Melville, NY 3,637

47 Hibernia Corp. New Orleans 3,628

48 Pacific Century Financial Corp., Honolul 3,596

49 First American Corp., Nashville, Tenn. 3,578

50 Associated Banc Corp., Green Bay, Wis. 3,422

Totals for the top 50 commercial banks $765,917

Totals for all commercial banks $1,172,882

part 2 of 4

Mortgage-Backed Securities

Total Pass-throughs

Rank 9/30/97 % Changes 9/30/98 9/30/97

1 BankAmerica C $126,399 0.85 $31,173 $26,163

2 Chase Manhatt 63,601 19.53 35,017 22,007

3 First Union C 55,651 20.8 23,459 11,727

4 Norwest Corp. 27,269 35.22 16,005 12,533

5 Banc One Corp 32,695 -10.4 6,720 6,955

6 ABN AMRO Amer 23,586 11.58 7,909 5,260

7 Fleet Financi 22,471 8.29 7,525 6,285

8 PNC Bank Corp 20,231 6.46 226 417

9 National City 18,313 14.42 2,850 2,349

10 Citicorp, New 19,200 -3.95 495 396

11 Wells Fargo & 18,766 -17.25 2,530 3,304

12 Republic New 12,077 28.51 12,550 10,006

13 KeyCorp, Clev 15,176 -2.08 2,478 3,141

14 Summit Bancor 9,150 56.17 1,303 1,515

15 Mellon Bank C 12,279 13.6 5,061 3,808

16 SunTrust Bank 14,573 -5.45 1,416 2,080

17 U.S. Bancorp, 13,526 -8.39 2,622 3,179

18 Fifth Third B 8,197 44.76 6,000 4,953

19 Wachovia Corp 10,385 8.56 3,358 2,521

20 Regions Finan 8,611 28.37 1,287 869

21 Crestar Finan 8,320 28 2,410 2,142

22 BB&T Corp., W 8,863 18.23 1,677 1,638

23 HSBC Holdings 10,969 -4.86 1,195 670

24 Mercantile Ba 11,039 -5.96 1,224 1,099

25 Royal Bank of 8,338 8.36 1,080 1,399

26 BankBoston Co 8,074 5.88 3,296 2,157

27 Union Planter 8,009 0.69 769 995

28 SouthTrust Co 7,593 6.04 1,401 1,583

29 TCF Financial 6,819 2.45 1,664 1,607

30 AmSouth Banco 7,047 -5.68 1,899 2,262

31 Huntington Ba 5,491 10.42 1,082 1,373

32 First Tenness 3,873 55.03 212 270

33 Northern Trus 5,033 13.68 5 17

34 U.S. Trust Co 2,232 155.85 382 406

35 Bank of Montr 4,151 36.27 2,004 993

36 M & T Bancorp 6,520 -15.92 732 1,145

37 Marshall &Ils 3,703 42.44 1,044 412

38 Comerica Inc. 6,256 -20.82 2,259 2,948

39 Firstar Corp. 5,018 -4.04 1,049 1,000

40 Star Banc Cor 2,379 100.78 1,302 529

41 Compass Bancs 4,086 11.45 332 452

42 Allied Irish 4,817 -6.42 1,734 1,889

43 Bank of Tokyo 4,693 -5.66 415 217

44 Old Kent Fina 3,940 2.24 216 182

45 First Securit 3,395 12.6 705 871

46 North Fork Ba 3,003 21.1 1,466 1,343

47 Hibernia Corp 3,187 13.83 732 1,161

48 Pacific Centu 2,466 45.84 1,192 817

49 First America 3,988 -10.28 226 314

50 Associated Ba 3,708 -7.73 47 41

Totals for th $699,162 9.55$203,738 $161,401

Totals for al$1,069,391 9.68$277,192 $243,799

part 3 of 4

REMICS

Rank % changes 9/30/98 9/30/97 % change

1 BankAmerica C 19.15 $593 $1,006 -41.08

2 Chase Manhatt 59.11 1,801 2,910 -38.11

3 First Union C 100.05 274 653 -58.05

4 Norwest Corp. 27.71 1,078 774 39.27

5 Banc One Corp -3.38 625 488 28.06

6 ABN AMRO Amer 50.36 3,597 3,132 14.85

7 Fleet Financi 19.73 149 184 -18.87

8 PNC Bank Corp -45.73 122 110 10.78

9 National City 21.34 73 84 -12.67

10 Citicorp, New 24.98 116 64 82.27

11 Wells Fargo & -23.41 90 72 25.27

12 Republic New 25.43 45 26 73.97

13 KeyCorp, Clev -21.11 194 277 -30.12

14 Summit Bancor -13.96 4,076 1,551 162.81

15 Mellon Bank C 32.91 24 41 -41.24

16 SunTrust Bank -31.93 18 20 -7.34

17 U.S. Bancorp, -17.53 216 93 132.3

18 Fifth Third B 21.14 0 0 N/M

19 Wachovia Corp 33.25 308 364 -15.3

20 Regions Finan 48.11 339 329 2.84

21 Crestar Finan 12.5 301 390 -22.91

22 BB&T Corp., W 2.36 23 30 -22.62

23 HSBC Holdings 78.37 0 0 N/M

24 Mercantile Ba 11.45 27.432 58.198 -52.86

25 Royal Bank of -22.81 3,615 1,995 81.18

26 BankBoston Co 52.81 470 208 126.39

27 Union Planter -22.77 264 271 -2.61

28 SouthTrust Co -11.46 96 108 -10.77

29 TCF Financial 3.58 0 0 N/M

30 AmSouth Banco -16.05 1,038 891 16.49

31 Huntington Ba -21.2 886 686 29.18

32 First Tenness -21.29 645 0 N/M

33 Northern Trus -72.72 7 6 19.36

34 U.S. Trust Co -5.81 3,786 520 627.97

35 Bank of Montr 101.7 216 150 43.63

36 M & T Bancorp -36.06 6 1,069 -99.45

37 Marshall &Ils 153.21 138 252 -45.02

38 Comerica Inc. -23.38 225 492 -54.24

39 Firstar Corp. 4.9 228 242 -5.58

40 Star Banc Cor 146.08 71 99 -27.94

41 Compass Bancs -26.58 1,715 656 161.39

42 Allied Irish -8.2 8 0.4491661.02

43 Bank of Tokyo 91.4 0.076 6 -98.69

44 Old Kent Fina 18.34 419 615 -31.82

45 First Securit -19.05 23 24 -4.35

46 North Fork Ba 9.18 259 626 -58.7

47 Hibernia Corp -36.98 11 11 5.85

48 Pacific Centu 45.96 0.146 0.191 -23.56

49 First America -27.95 1,530 625 144.59

50 Associated Ba 16.26 139 501 -72.27

Totals for th 26.23$29,885 $22,709 31.6

Totals for al 13.7$156,412$116,683 34.05

part 4 of 4

Home Mortgage Loans

Rank 9/30/98 9/30/97 % change

1 BankAmerica C$95,712 $99,231 -3.55

2 Chase Manhatt 39,202 38,683 1.34

3 First Union C 43,492 43,271 0.51

4 Norwest Corp. 19,788 13,962 41.73

5 Banc One Corp 21,949 25,251 -13.07

6 ABN AMRO Amer 14,810 15,194 -2.52

7 Fleet Financi 16,659 16,002 4.11

8 PNC Bank Corp 21,191 19,704 7.54

9 National City 18,030 15,880 13.54

10 Citicorp, New 17,831 18,740 -4.85

11 Wells Fargo & 12,908 15,390 -16.13

12 Republic New 2,925 2,045 43.01

13 KeyCorp, Clev 12,188 11,758 3.66

14 Summit Bancor 8,911 6,084 46.45

15 Mellon Bank C 8,864 8,430 5.15

16 SunTrust Bank 12,344 12,473 -1.04

17 U.S. Bancorp, 9,552 10,253 -6.83

18 Fifth Third B 5,866 3,244 80.84

19 Wachovia Corp 7,606 7,500 1.42

20 Regions Finan 9,428 7,413 27.19

21 Crestar Finan 7,939 5,788 37.17

22 BB&T Corp., W 8,779 7,195 22.01

23 HSBC Holdings 9,241 10,299 -10.27

24 Mercantile Ba 9,130 9,883 -7.62

25 Royal Bank of 4,341 4,944 -12.2

26 BankBoston Co 4,783 5,710 -16.23

27 Union Planter 7,032 6,743 4.28

28 SouthTrust Co 6,553 5,902 11.04

29 TCF Financial 5,322 5,213 2.1

30 AmSouth Banco 3,709 3,894 -4.73

31 Huntington Ba 4,095 3,432 19.32

32 First Tenness 5,147 3,603 42.85

33 Northern Trus 5,710 5,010 13.97

34 U.S. Trust Co 1,542 1,306 18.07

35 Bank of Montr 3,437 3,007 14.29

36 M & T Bancorp 4,744 4,305 10.17

37 Marshall &Ils 4,092 3,039 34.65

38 Comerica Inc. 2,470 2,816 -12.29

39 Firstar Corp. 3,538 3,776 -6.31

40 Star Banc Cor 3,403 1,751 94.38

41 Compass Bancs 2,507 2,978 -15.81

42 Allied Irish 2,766 2,928 -5.52

43 Bank of Tokyo 4,012 4,470 -10.24

44 Old Kent Fina 3,393 3,143 7.96

45 First Securit 3,095 2,500 23.79

46 North Fork Ba 1,912 1,034 84.91

47 Hibernia Corp 2,885 2,015 43.17

48 Pacific Centu 2,404 1,649 45.79

49 First America 1,822 3,048 -40.23

50 Associated Ba 3,236 3,167 2.17

Totals for th $532,293 $515,052 3.35

Totals for al $739,278 $708,908 4.28

Source: Sheshunoff Information Services, Austin, Tex., from its database of FDIC bank call reports. Mortgage Investments are the sum of the holdings of mortgage-backed security (MBS) pass-throughs, Remics, and 1-4 family res. mtg. loans inclusive of home equity loans/lines. Mortgage-backed security pass-throughs are the sum of securities held to maturity (amortized cost) and securities available for sale (fair market value) and certificates of participation in pools of residential mortgages issued by Fannie Mae or Freddie Mac or guaranteed by the Government National Mortgage Association (GNMA). MBS pass-throughs may also include holdings issued by others (depository institutions, insurance companies) that are not guaranteed by the U.S. Government. Remics include CMOs, residuals, and strips. Home Loans are one- to four-family residential mortgage loans outstanding whether purchased or originated by the bank. They include both first mortgage loans and home equity loans and lines. (1) NationsBank and BankAmerica mortgage holdings combined to reflect merger closing on Sept. 30. NationsBank held $74,802.4 and $70,033.0 million as of Sept. 30 1998 and 1997 respectively. The old BankAmerica held $37,713.5 and $48,830.6 million as of Sept. 30, 1998, and Sept. 30, 1997. (2) BancOne and First Chicago combined to reflect merger closing on Oct. 1. BancOne held mortgage investments of $17,823.3 and $21,568.2 million as of Sept. 30 1998 and 1997 respectively. First Chicago NBD held mortgage investments of $11,471.7 and $11,125.9 million as of Sept. 30, 1998, and Sept. 30, 1997. (3) Includes saving-and-loan subsidiaries of bank holding company. ===

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