+++ Ranked by market value of assets under management (dollar amounts in thousands)

part 1 of 4

Asset

Rank

1997

1 State Street Corp., Boston

2 Bankers Trust Corp., New York

3 Mellon Bank Corp., Pittsburgh

4 J.P. Morgan & Co. Inc., New York

5 Northern Trust Corp., Chicago

6 Chase Manhattan Corp., New York

7 PNC Bank Corp., Pittsburgh

8 NationsBank Corp., Charlotte, N.C. (1) (1r) (6)

9 Citicorp, New York

10 Bank of New York Co. Inc.

11 First Union Corp., Charlotte, N.C. (2) (2r)

12 Fidelity Management Trust Co., Boston

13 BankAmerica Corp., San Francisco (1)

14 Capital Guardian Trust Co., Los Angeles

15 SunTrust Banks Inc., Atlanta

16 U.S. Trust Corp., New York

17 Norwest Corp., Minneapolis (4)

18 U.S. Bancorp, Minneapolis (3r)

19 Wells Fargo & Co., San Francisco (4)

20 KeyCorp, Cleveland

21 First Chicago NBD Corp. (3)

22 Fleet Financial Group Inc., Boston

23 National City Corp., Cleveland (5)

24 CoreStates Financial Corp., Philadelphia (2)

25 Wilmington Trust Corp., Del.

26 Banc One Corp., Columbus, Ohio (3)

27 Fiduciary Trust Company International, New York

28 Wachovia Corp., Winston-Salem, N.C.

29 Comerica Inc., Detroit

30 BankBoston Corp.

31 Harris Bankcorp. Inc., Chicago (F)

32 Mercantile Bancorporation Inc., St. Louis, Mo.

33 Firstar Corp., Milwaukee

34 Crestar Financial Corp., Richmond

35 Union BanCal Corp., San Francisco (F)

36 Fifth Third Bancorp., Cincinnati

37 First Maryland Bancorp., Baltimore (4r)

38 First of America Bank Corp., Kalamazoo, Mich. (5)

39 Mercantile Bankshares Corp., Baltimore

40 UMB Financial Corp., Kansas City, Mo.

41 Glenmede Corp., Philadelphia

42 Barnett Banks Inc., Jacksonville, Fla. (6)

43 OFFITBANK, New York

44 AmSouth Bancorp., Birmingham, Ala.

45 Huntington Bancshares Inc., Columbus, Ohio

46 Star Banc Corp., Cincinnati

47 Commerce Bancshares Inc., Kansas City, Mo.

48 Old Kent Financial Corp., Grand Rapids, Mich.

49 Pacific Century Financial Corp., Honolulu

50 Summit Bancorp, Princeton, N.J.

Totals for the Top 50 *

Percent Change from 96-95

Percent Change from 95-94

part 2 of 4

Asset Managed Percent

rank trust assets change

1997 1997 1996 96-97

1 State Str$397,553,397 $224,370,185 77.19

2 Bankers T 319,377,812 242,450,342 31.73

3 Mellon Ba 304,461,000 236,555,000 28.71

4 J.P. Morg 251,485,000 211,761,000 18.76

5 Northern 203,111,792 134,989,377 50.47

6 Chase Man 165,752,000 132,391,347 25.2

7 PNC Bank 147,960,403 118,553,436 24.8

8 NationsBa 128,536,679 111,084,731 15.71

9 Citicorp, 113,100,000 97,200,000 16.36

10 Bank of N 103,480,000 75,996,000 36.17

11 First Uni 95,009,147 86,865,158 9.38

12 Fidelity 74,575,767 59,965,605 24.36

13 BankAmeri 71,791,064 56,965,725 26.03

14 Capital G 69,104,392 58,310,932 18.51

15 SunTrust 67,428,538 53,371,471 26.34

16 U.S. Trus 64,300,000 55,600,000 15.65

17 Norwest C 63,293,788 46,913,536 34.92

18 U.S. Banc 62,194,785 49,886,488 24.67

19 Wells Far 51,581,955 49,968,690 3.23

20 KeyCorp, 49,405,227 49,850,467 -0.89

21 First Chi 48,574,544 77,143,784 -37.03

22 Fleet Fin 44,204,400 48,118,794 -8.13

23 National 43,969,000 37,889,000 16.05

24 CoreState 41,239,453 36,675,253 12.44

25 Wilmingto 40,969,717 35,332,595 15.95

26 Banc One 32,624,051 33,852,952 -3.63

27 Fiduciary 32,515,955 38,916,452 -16.45

28 Wachovia 31,514,059 23,520,000 33.99

29 Comerica 29,885,866 24,317,584 22.9

30 BankBosto 29,080,907 24,938,242 16.61

31 Harris Ba 22,565,928 19,414,098 16.23

32 Mercantil 20,644,638 17,575,139 17.47

33 Firstar C 18,196,105 22,100,000 -17.66

34 Crestar F 17,352,873 12,951,242 33.99

35 Union Ban 16,004,662 15,518,096 3.14

36 Fifth Thi 15,202,460 11,721,352 29.7

37 First Mar 15,126,770 10,024,555 50.9

38 First of 14,387,348 14,126,371 1.85

39 Mercantil 13,577,174 14,000,000 -3.02

40 UMB Finan 12,692,530 10,530,907 20.53

41 Glenmede 12,284,373 9,948,949 23.47

42 Barnett B 11,142,512 10,739,840 3.75

43 OFFITBANK 10,158,655 8,202,802 23.84

44 AmSouth B 10,065,855 7,133,288 41.11

45 Huntingto 9,464,086 4,906,573 92.89

46 Star Banc 9,347,516 7,318,030 27.73

47 Commerce 8,767,407 7,090,207 23.66

48 Old Kent 8,269,939 7,123,680 16.09

49 Pacific C 8,242,586 7,336,569 12.35

50 Summit Ba 8,217,334 7,034,537 16.81

Totals $3,439,791,44 $2,758,550,38 24.70%

Percent Change from 96-95 7.51

Percent Change from 95-94 17.51

part 3 of 4

Asset Chg. in

rank Rank All fiduciary trust assets

1997 1996 1997 1996

1 State S 2 $3,953,865,265$3,032,037,415

2 Bankers -1 2,777,593,706 1,709,698,688

3 Mellon -1 1,298,065,000 1,075,332,000

4 J.P. Morgan & C 325,512,000 305,870,000

5 Northern Trust 1,108,451,631 793,850,376

6 Chase Manhattan1,498,588,000 946,767,869

7 PNC Bank Corp., 418,093,474 339,789,472

8 Nations 3 194,646,968 171,142,283

9 Citicor -1 248,000,000 225,600,000

10 Bank of New Yor2,833,866,000 2,397,172,000

11 First U 6 160,703,171 109,062,834

12 Fidelity Manage 324,149,569 246,195,976

13 BankAme 1 160,534,252 103,549,605

14 Capital -1 117,351,888 96,931,350

15 SunTrus 1 82,048,341 78,005,876

16 U.S. Tr -1 86,200,000 73,600,000

17 Norwest 4 160,732,347 117,085,973

18 U.S. Ba 5 189,182,136 136,948,402

19 Wells F -1 133,769,222 224,101,341

20 KeyCorp -1 96,821,008 96,358,970

21 First C -12 67,623,332 296,544,798

22 Fleet F -2 89,397,558 89,551,038

23 Nationa 2 91,310,000 82,175,000

24 CoreSta 2 349,898,240 294,614,120

25 Wilming 2 117,147,961 99,389,669

26 Banc On 2 144,826,845 128,211,570

27 Fiducia -3 77,758,704 81,878,267

28 Wachovi 4 133,769,222 100,095,000

29 Comeric 2 112,216,575 93,462,258

30 BankBos -1 70,366,950 71,665,020

31 Harris 3 43,459,103 40,682,348

32 Mercant 3 31,239,578 25,825,806

33 Firstar Corp., 115,583,176 90,436,000

34 Crestar 5 32,676,690 29,880,754

35 Union B 1 84,441,730 34,538,899

36 Fifth T 4 108,462,559 85,327,268

37 First M 10 47,363,287 41,024,746

38 First o -1 22,853,518 24,383,308

39 Mercant -1 35,894,262 27,000,000

40 UMB Fin 3 122,204,632 107,973,128

41 Glenmed 3 12,958,591 10,429,734

42 Barnett -1 16,858,599 15,464,670

43 OFFITBA 3 10,586,663 8,740,685

44 AmSouth 6 30,671,041 20,570,161

45 Hunting 13 14,531,025 16,003,851

46 Star Ba 3 44,474,120 27,632,905

47 Commerc 5 17,027,789 13,343,485

48 Old Ken 3 12,421,787 10,542,076

49 Pacific -1 13,646,744 12,199,330

50 Summit 3 15,734,963 13,667,470

Totals 119 $18,255,579,22$14,272,353,794

Percent Change from 96-95

Percent Change from 95-94

part 4 of 4

Asset Chg. in

rank Rank All fiduciary trust assets

1997 1996 1997 1996

1 State S 2 $3,953,865,265$3,032,037,415

2 Bankers -1 2,777,593,706 1,709,698,688

3 Mellon -1 1,298,065,000 1,075,332,000

4 J.P. Morgan & C 325,512,000 305,870,000

5 Northern Trust 1,108,451,631 793,850,376

6 Chase Manhattan1,498,588,000 946,767,869

7 PNC Bank Corp., 418,093,474 339,789,472

8 Nations 3 194,646,968 171,142,283

9 Citicor -1 248,000,000 225,600,000

10 Bank of New Yor2,833,866,000 2,397,172,000

11 First U 6 160,703,171 109,062,834

12 Fidelity Manage 324,149,569 246,195,976

13 BankAme 1 160,534,252 103,549,605

14 Capital -1 117,351,888 96,931,350

15 SunTrus 1 82,048,341 78,005,876

16 U.S. Tr -1 86,200,000 73,600,000

17 Norwest 4 160,732,347 117,085,973

18 U.S. Ba 5 189,182,136 136,948,402

19 Wells F -1 133,769,222 224,101,341

20 KeyCorp -1 96,821,008 96,358,970

21 First C -12 67,623,332 296,544,798

22 Fleet F -2 89,397,558 89,551,038

23 Nationa 2 91,310,000 82,175,000

24 CoreSta 2 349,898,240 294,614,120

25 Wilming 2 117,147,961 99,389,669

26 Banc On 2 144,826,845 128,211,570

27 Fiducia -3 77,758,704 81,878,267

28 Wachovi 4 133,769,222 100,095,000

29 Comeric 2 112,216,575 93,462,258

30 BankBos -1 70,366,950 71,665,020

31 Harris 3 43,459,103 40,682,348

32 Mercant 3 31,239,578 25,825,806

33 Firstar Corp., 115,583,176 90,436,000

34 Crestar 5 32,676,690 29,880,754

35 Union B 1 84,441,730 34,538,899

36 Fifth T 4 108,462,559 85,327,268

37 First M 10 47,363,287 41,024,746

38 First o -1 22,853,518 24,383,308

39 Mercant -1 35,894,262 27,000,000

40 UMB Fin 3 122,204,632 107,973,128

41 Glenmed 3 12,958,591 10,429,734

42 Barnett -1 16,858,599 15,464,670

43 OFFITBA 3 10,586,663 8,740,685

44 AmSouth 6 30,671,041 20,570,161

45 Hunting 13 14,531,025 16,003,851

46 Star Ba 3 44,474,120 27,632,905

47 Commerc 5 17,027,789 13,343,485

48 Old Ken 3 12,421,787 10,542,076

49 Pacific -1 13,646,744 12,199,330

50 Summit 3 15,734,963 13,667,470

Totals 119 $18,255,579,22$14,272,353,794

Percent Change from 96-95

Percent Change from 95-94

part 4 of 4

Asset Discretionary assets

rank Percent as a % of total

1997 change 1997 1996

1 State S 30.40% 10.05% 07.40%

2 Bankers 62.46 11.5 14.18%

3 Mellon 20.71 23.45 22.00%

4 J.P. Mo 6.42 77.26 69.23%

5 Norther 39.63 18.32 17.00%

6 Chase M 58.28 11.06 13.98%

7 PNC Ban 23.04 35.39 34.89%

8 Nations 13.73 66.04 40.33%

9 Citicor 9.93 45.6 43.09%

10 Bank of 18.22 3.65 3.17%

11 First U 47.35 59.12 46.02%

12 Fidelit 31.66 23.01 24.36%

13 BankAme 55.03 44.72 55.01%

14 Capital 21.07 58.89 60.16%

15 SunTrus 5.18 82.18 68.42%

16 U.S. Tr 17.12 74.59 75.54%

17 Norwest 37.28 39.38 40.07%

18 U.S. Ba 38.14 32.88 28.72%

19 Wells F -40.31 38.56 22.30%

20 KeyCorp 0.48 51.03 51.73%

21 First C -77.2 71.83 26.01%

22 Fleet F -0.17 49.45 53.73%

23 Nationa 11.12 48.15 46.11%

24 CoreSta 18.76 11.79 12.45%

25 Wilming 17.87 34.97 35.55%

26 Banc On 12.96 22.53 26.40%

27 Fiducia -5.03 41.82 47.53%

28 Wachovi 33.64 23.56 23.50%

29 Comeric 20.07 26.63 26.02%

30 BankBos -1.81 41.33 34.80%

31 Harris 6.83 51.92 47.72%

32 Mercant 20.96 66.08 68.05%

33 Firstar 27.81 15.74 100.00%

34 Crestar 9.36 53.1 43.34%

35 Union B 144.48 18.95 44.93%

36 Fifth T 27.11 14.02 13.74%

37 First M 15.45 31.94 21.46%

38 First o -6.27 62.95 57.93%

39 Mercant 32.94 37.83 51.85%

40 UMB Fin 13.18 10.39 9.75%

41 Glenmed 24.25 94.8 95.39%

42 Barnett 9.01 66.09 69.45%

43 OFFITBA 21.12 95.96 93.85%

44 AmSouth 49.1 32.82 34.68%

45 Hunting -9.2 65.13 30.66%

46 Star Ba 60.95 21.02 26.48%

47 Commerc 27.61 51.49 53.14%

48 Old Ken 17.83 66.58 67.57%

49 Pacific 11.86 60.4 60.14%

50 Summit 15.13 52.22 79.89%

Totals 27.91% 18.84% 20.35%

Percent 10.27

Percent 28.74

Data Source: American Banker survey. Data for 1996 have not been restated for mergers, unless stated. Discretionary (managed) trust assets are assets of fiduciary type accounts (trust and estates and agencies) over which a company is authorized to make or recommend investment decisions or where the company shares investment power. All fiduciary trust assets includes discretionary assets and nondiscretionary (nonmanaged) trust assets. Excluded are corporate trust accounts and nonfiduciary institutional custody accounts. For bank holding companies data are combined to include all domestic and foreign subsidiaries engaged in trust activity, including the net managed assets of affiliated investment advisors. (1) Announced the acquisition of BankAmerica on Apr. 13. (1r) restated 1996 data for the acquisition of Boatmans on Jan. 7, 1997. (2) American Banker did not restate for the Apr. 28 acquisition of CoreState Financial of Philadelphia. (2r) American Banker restated the 1996 numbers for the acquisition of Signet Banking Corp. of Richmond. (3) Announced merger with First Chicago NBD on Apr. 13. (3r) American Banker restated the 1996 numbers for the merger of US Bancorp. Portland, Ore. (4) Announced merger with Wells Fargo on June 8. (4r) American Banker restated the 1996 numbers for the acquisition of Daupin Deposit on July 7, 1997. (5) American Banker did not restate for the completed merger on March 31, with First of America Corp., Kalamazoo, Mich. (6) American Banker did not restate for the completed merger on Jan. 8, with Barnett Banks, Jacksonville, Fla. (7) Changed name to M&T Bank Corp. on June 1. (F) Foreign controlled. * An expanded version will be in Ranking the Banks 1998 issue. American Banker 1998 ===

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