Largest Originators of Automated Clearing House Payments in 2004 (corrected)

April 11, 2005, 10:08 a.m. EDT 1 Min Read

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*Largest Originators of Automated Clearing House Payments in 2004 (corrected)**
Published April 11, 20005
Rank	Originators	Number of transactions		Total	Change
Rank	Originators	Debits	Credits	Total	Change
1	JPMorgan Chase & Co. New York	1,539,333,912	762,292,112	2,301,626,024	127.20%
2	Bank of America Corp. Charlotte	273,206,303	460,718,467	733,924,770	84.2
3	Wells Fargo & Co. San Francisco	396,817,307	301,138,007	697,955,314	18.6
4	Wachovia Corp. Charlotte	244,287,758	236,161,886	480,449,644	18
5	Citigroup Inc. New York	336,730,243	80,365,846	417,096,089	100.9
6	SunTrust Banks Inc. Atlanta	269,935,934	96,279,679	366,215,613	217.2
7	Mellon Financial Corp. Pittsburgh	139,328,277	120,017,057	259,345,334	28.6
8	Capital One Financial Corp. Falls Church, Va	230,337,572	382,524	230,720,096	174.2
9	U.S. Bancorp Minneapolis	72,089,744	150,401,784	222,491,528	16.1
10	Northern Trust Corp. Chicago	73,218,590	69,097,869	142,316,459	-10.5
11	PNC Financial Services Group Pittsburgh	29,899,778	94,111,969	124,011,747	-3.3
12	KeyCorp Cleveland	24,253,126	95,879,138	120,132,264	-63.1
13	Marshall & Ilsley Corp. Milwaukee	77,290,356	35,187,989	112,478,345	14.4
14	National City Corp. Cleveland	29,683,175	80,600,428	110,283,603	4.6
15	ABN Amro Amsterdam	56,955,172	49,050,463	106,005,635	10.3
16	AmSouth Bancorp. Birmingham, Ala.	55,573,931	37,039,249	92,613,180	6.6
17	HSBC Holdings London	17,665,543	46,082,427	63,747,970	41
18	Fifth Third Bancorp Cincinnati	15,048,545	41,004,560	56,053,105	28.5
19	First National of Nebraska Inc. Omaha	33,042,731	21,209,611	54,252,342	15.4
20	Royal Bank of Scotland Group Edinburgh	7,292,091	41,311,827	48,603,918	24.9
21	Bank of New York Co. Inc. New York	12,101,018	32,935,444	45,036,462	-6.2
22	M&T Bank Corp.	19,187,448	24,499,544	43,686,992	-0.5
23	State Street Corp. Boston	16,164,788	25,584,154	41,748,942	21.6
24	Comerica Inc. Detroit	10,074,732	29,333,482	39,408,214	1.3
25	Mitsubishi Tokyo Financial Group Tokyo	15,460,011	22,163,056	37,623,067	3.2
26	Harris Bancorp Chicago	12,108,924	24,984,444	37,093,368	29.9
27	Huntington Bancshares Inc. Columbus, Ohio	22,661,550	13,732,775	36,394,325	10.9
28	United National Corp. Sioux Falls, S.D.	29,505,257	4,104,206	33,609,463	18.6
29	UMB Financial Corp. Kansas City, Mo.	18,253,580	13,974,631	32,228,211	2.7
30	Allstate Bank Vernon Hills, Ill.	27,686,905	493,261	28,180,166	5.8
31	First Horizon National Corp. Memphis	9,967,758	17,542,983	27,510,741	20.2
32	Regions Financial Corp. Birmingham, Ala.	9,605,786	14,583,212	24,188,998	-3.1
33	USAA Bancorp Inc. San Antonio, Tex.	20,055,968	2,014,796	22,070,764	31.9
34	BOK Financial Corp. Tulsa	14,904,077	7,030,230	21,934,307	10.9
35	Concord EFS National Bank Memphis	904,933	20,810,415	21,715,348	-70
36	BNP Paribas Paris	15,134,088	6,233,124	21,367,212	22.4
37	CU Bank Shares Inc. Farmers Branch, Tex.	20,075,089	657,643	20,732,732	12.7
38	Fort Knox National Bancorp Elizabethtown, Ky.	19,680,812	190,640	19,871,452	0.6
39	Washington Mutual Inc. Seattle	5,114,095	14,455,497	19,569,592	78.2
40	Otto Bremer Foundation St. Paul	NA	NA	19,568,270	30.9
41	Arvest Bank Group Bentonville, Ark.	1,209,051	18,017,643	19,226,694	5.2
42	BB&T Corp. Winston-Salem, N.C.	8,108,903	9,681,819	17,790,722	21.2
43	Compass Bancshares Birmingham, Ala.	13,377,426	4,143,527	17,520,953	5.5
44	Providian Financial Corp. San Francisco	16,912,106	0	16,912,106	16.4
45	Deutsche Bank Frankfurt	2,000,000	14,800,000	16,800,000	-7.2
46	ING USA Holding Corp. Wilmington, Del.	11,152,294	4,518,528	15,670,822	75.3
47	Sovereign Bancorp Inc. Wyomissing, Pa.	2,684,723	11,161,585	13,846,308	76.7
48	Commerce Bancshares Inc. Kansas City, Mo.	6,966,936	6,709,078	13,676,014	9.1
49	Independent Bankers Financial Corp. Irving, Tex.	11,390,527	1,343,981	12,734,508	6.3
50	Banknorth Group Inc. Portland, Maine	3,758,312	7,389,690	11,148,002	-11.3

*By holding company; volumes do not include on-us transactions

The original version of this table misidentified a bank. It ranked Allied Irish Bank, of Dublin, at No. 22 for originating automated clearing house payments. The correct name of the company is M&T Bank Corp. M&T is not owned by Allied Irish. Nacha, the electronic payments association, which created the rankings, provided incorrect information to American Banker.

Source: Nacha