Top 50 Banks in Mortgage-Backed Securities Pass-Through Holdings (Q3 1999)

February 01, 2000, 10:08 a.m. EST 1 Min Read

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Top 50 Banks in Mortgage-Backed Securities Pass-Through Holdings (Q3 1999)
As of Sept. 30, 1999 (dollars in millions) Published February 1, 2000

Rank	Company Name	Total			Pass-Throughs as a % of Book Value		Held to Maturity 9/30/99	Available for Sale 9/30/99	GNMA 9/30/99	FNMA/FHLMC 9/30/99	Other 9/30/99
Rank	Company Name	9/30/99	9/30/98	% Change	9/30/99	9/30/98	Held to Maturity 9/30/99	Available for Sale 9/30/99	GNMA 9/30/99	FNMA/FHLMC 9/30/99	Other 9/30/99
1	Bank of America Corp., Charlotte, N.C.	$32,056	$6,776	373.08%	97.28%	101.58%	$0	$32,951	$240	$31,733	$83
2	Chase Manhattan Corp., New York	27,812	35,017	-20.58	95.49	101.42	708	28,384	4,943	22,865	0
3	First Union Corp., Charlotte, N.C.	23,816	23,456	1.53	96.52	101.82	796	23,851	5,915	17,895	0
4	Wells Fargo & Co., San Francisco	19,426	18,405	5.55	98.53	101.70	0	19,716	9,023	10,403	0
5	Saban S.A., Marina Bay	11,222	12,550	-10.58	97.67	98.05	4,622	6,758	7,172	3,984	59
6	FleetBoston Financial, Boston	10,848	10,821	0.26	97.51	103.11	103	11,020	1,003	9,843	0
7	ABN AMRO Holding NV, Netherlands	8,667	6,453	34.32	98.76	99.71	47	8,728	2,420	6,200	47
8	Fifth Third Bancorp, Cincinnati	7,019	6,000	16.97	98.03	102.10	0	7,160	474	6,418	126
9	Mellon Financial Corp., Pittsburgh	6,042	5,061	19.39	97.72	102.61	1,162	4,994	1,743	4,294	0
10	National City Corp., Cleveland	4,948	2,801	76.62	97.32	101.80	0	5,084	456	4,468	24
11	Bank One Corp., Chicago	4,829	5,102	-5.35	97.14	101.69	4	4,967	1,439	3,353	37
12	Suntrust Banks Inc., Atlanta	3,337	3,826	-12.78	97.74	101.33	0	3,414	553	2,783
13	Amsouth Bancorp, Birmingham, Ala.	3,244	2,126	52.62	98.73	102.84	1,187	2,084	529	2,701	0
14	Firstar Corp., Milwaukee	2,958	1,922	53.89	100.22	101.79	41	2,911	1,012	1,947	0
15	Wachovia Corp., Winston-Salem, N.C.	2,956	3,358	-11.98	98.95	102.14	344	2,640	721	2,250	0
16	U.S. Bancorp, Minneapolis	2,794	2,621	6.60	98.73	102.50	0	2,830	180	2,608	7
17	International Bancshares Corp., Laredo, Tex.	2,509	2,553	-1.72	98.70	100.79	0	2,542	944	1,566	0
18	Bank of Montreal, Montreal (Harris Bancorp, Chicago)	2,381	2,004	18.83	95.27	101.77	0	2,499	2,247	134	0
19	Allied Irish Banks Limited, Dublin	2,065	1,664	24.11	96.32	101.88	0	2,144	332	1,733	0
20	CNB Bancshares, Inc., Evansville, Ind.	2,060	273	654.83	97.19	101.15	0	2,120	1,013	1,045	3
21	BB&T Corp., Winston-Salem, N.C.	2,010	1,815	10.75	99.53	102.06	0	2,020	164	1,846	0
22	Snbny Holdings Limited, Marina Bay	1,890	1,529	23.60	99.73	100.27	900	992	1,021	845	0
23	Commerce Bancorp, Inc., Cherry Hill, N.J.	1,814	2,018	-10.11	98.30	101.49	919	911	360	1,424	0
24	Keycorp, Cleveland	1,764	2,478	-28.81	98.99	102.04	0	1,782	1,161	603	0
25	Huntington Bancshares Inc., Columbus, Ohio	1,756	1,082	62.29	97.55	102.19	0	1,800	40	1,716	0
Rank	Company Name	Total			Pass-Throughs as a % of Book Value		Held to Maturity 9/30/99	Available for Sale 9/30/99	GNMA 9/30/99	FNMA/FHLMC 9/30/99	Other 9/30/99
Rank	Company Name	9/30/99	9/30/98	% Change	9/30/99	9/30/98	Held to Maturity 9/30/99	Available for Sale 9/30/99	GNMA 9/30/99	FNMA/FHLMC 9/30/99	Other 9/30/99
26	Summit Bancorp, Princeton, N.J.	$1,724	$1,303	32.29%	99.35%	101.94%	$976	$753	$522	$1,108	$7
27	SouthTrust Corp., Birmingham, Ala.	1,622	1,401	15.76	99.91	102.29	275	1,349	117	1,503	1
28	TCF Financial Corp., Wayatza, Minn.	1,591	1,664	-4.42	96.77	101.48	0	1,644	28	1,513	49
29	Comerica Inc., Detroit	1,499	2,259	-33.63	98.82	101.74	0	1,517	25	1,471	3
30	Zions Bancorp., Salt Lake City	1,350	114	1,084.90	100.91	102.04	1,303	47	633	717	0
31	Peoples Heritage Fin Group, Portland, Maine	1,315	495	165.39	97.75	100.52	0	1,345	42	1,273	0
32	Regions Financial Corp., Birmingham, Ala.	1,265	1,174	7.80	98.85	101.41	223	1,054	82	1,179	0
33	Cullen/Frost Bankers, Inc., San Antonio	1,263	1,413	-10.62	97.27	101.61	87	1,209	987	277	0
34	Associated Banc-Corp, Green Bay, Wisc.	1,255	54	2,206.59	99.02	101.28	70	1,196	456	800	0
35	First Bancorp, San Juan, P.R.	1,245	1,064	16.97	94.64	102.73	207	1,097	1,191	50	0
36	North Fork Bancorp., Melville, N.Y.	1,186	1,378	-13.88	97.89	101.39	466	736	402	770	0
37	Community First Bankshares, Fargo, N.D.	1,145	1,215	-5.74	98.22	102.01	0	1,166	43	1,102	0
38	PNC Bank Corp., Pittsburgh	1,131	226	399.40	97.54	100.65	0	1,159	5	970	155
39	Hibernia Corp., New Orleans	1,055	625	68.84	98.73	102.06	0	1,069	266	789	0
40	UST Corp., Boston	1,002	576	74.09	97.89	101.88	2	1,021	0	1,002	0
41	J.P. Morgan & Co. Inc., New York	898	290	209.15	102.16	111.50	0	879	898	0	0
42	HSBC Holdings Plc., Hong Kong	857	1,195	-28.26	97.59	102.18	0	878	150	701	6
43	Usbancorp, Inc., Johnstown, Pa.	855	775	10.36	95.49	101.56	261	622	402	449	0
44	Firstmerit Corp., Akron	844	386	118.67	97.64	101.81	0	865	28	816	0
45	Bank of Tokyo-Mitsubishi, Tokyo	822	415	98.02	96.63	101.36	12	838	12	810	0
46	First Commonwealth Fin Corp., Indiana, Pa.	776	532	45.85	96.69	101.52	46	755	606	170	0
47	Citigroup Inc., New York	759	488	55.50	98.95	102.38	1	766	440	309	11
48	Provident Bankshares Corp., Baltimore	705	516	36.67	96.25	102.11	0	732	337	368	0
49	Fulton Financial Corp., Lancaster, Pa.	684	632	8.14	97.64	101.39	46	653	9	675	0
50	Marshall & Ilsley Corp., Milwaukee	683	1,044	-34.62	100.68	102.75	0	678	3	680	0
Totals for the top 50 banks		$217,756	$182,947	19.03%	98.02%	101.87%	$14,809	$208,329	$52,793	$164,156	$691
Totals for all commercial banks		$284,809	$241,943	17.72%	97.55%	101.52%	$27,152	$264,127	$75,756	$207,711	$1,051

Source: Sheshunoff Information Services, Austin, Tex., a Thomson Financial Company, 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.
© 2000 American Banker