Barring other possible megamergers, the combination of Chemical Banking Corp. and Chase Manhattan Corp. will create the largest bank in the United States, ending Citicorp's 13-year run at the top and reshuffling the rankings in numerous industry categories.

The new Chase Manhattan Corp. would have $297 billion of assets, about $40 billion more than Citicorp as of June 30. BankAmerica Corp., which last held the top spot in 1981, had $226 billion at midyear, followed by NationsBank at $184 billion.

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