+++ Ranked by gross trust revenues (dollar amounts in thousands)

part 1 of 5

Rank

1996

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

2 Mellon Bank Corp., Pittsburgh

3 Chase Manhattan Corp., New York

4 State Street Corp., Boston

5 Bankers Trust Corp., New York

6 Bank of New York Co. Inc.

7 Northern Trust Corp., Chicago

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

9 Citicorp, New York

10 PNC Bank Corp., Pittsburgh

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

12 Fleet Financial Group Inc., Boston

13 First Chicago NBD Corp. (3)

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

15 Norwest Corp., Minneapolis (4)

16 U.S. Bancorp, First Bank System Inc., Minneapolis (3r)

17 SunTrust Banks Inc., Atlanta

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

19 BankBoston Corp.

20 U.S. Trust Corp., New York

21 KeyCorp, Cleveland

22 BankAmerica Corp., San Francisco (1)

23 Fidelity Management Trust Co., Boston

24 National City Corp., Cleveland (5)

25 CoreStates Financial Corp., Philadelphia (2)

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

27 Firstar Corp., Milwaukee

28 Comerica Inc., Detroit

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

30 Harris Bankcorp. Inc., Chicago

31 Fiduciary Trust Company International, New York

32 Wilmington Trust Corp., Del.

33 Union BanCal Corp., San Francisco (F)

34 Mercantile Bancorp. Inc., St. Louis, Mo.

35 Bessemer Group Inc., Woodbridge, N.J.

36 Putnam Fiduciary Trust Co., Boston (E)

37 Fifth Third Bancorp., Cincinnati

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

39 Marshall & Ilsley Corp., Milwaukee

40 Crestar Financial Corp., Richmond

41 La Salle National Corp., Chicago (F)

42 AmSouth Bancorp., Birmingham, Ala.

43 UMB Financial Corp., Kansas City, Mo.

44 Star Banc Corp., Cincinnati

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

46 American Express Trust Co., Minneapolis

47 Pacific Century Financial Corp., Honolulu

48 Mercantile Bankshares Corp., Baltimore

49 Glenmede Corp., Philadelphia

50 Huntington Bancshares Inc., Columbus, Ohio

Totals for the Top 50 *

Percent change from 96-95

Percent change from 95-94

part 2 of 5

Rank Trust income Percent

1996 1997 1996 change

1 J.P. Morgan &$1,439,000 $1,257,000 14.48%

2 Mellon Bank C 1,311,000 994,000 31.89

3 Chase Manhatt 1,307,000 1,176,000 11.14

4 State Street 1,252,000 1,018,000 22.99

5 Bankers Trust 1,059,000 783,000 35.25

6 Bank of New Y 971,000 816,000 19

7 Northern Trus 689,200 592,300 16.36

8 NationsBank C 648,000 645,518 0.38

9 Citicorp, New 624,600 599,000 4.27

10 PNC Bank Corp 603,000 497,000 21.33

11 Wells Fargo & 450,000 377,000 19.36

12 Fleet Financi 418,000 372,000 12.37

13 First Chicago 407,000 400,000 1.75

14 First Union C 365,013 388,734 -6.1

15 Norwest Corp. 353,700 296,300 19.37

16 U.S. Bancorp, 348,000 302,300 15.12

17 SunTrust Bank 318,637 278,294 14.5

18 Banc One Corp 315,500 279,153 13.02

19 BankBoston Co 283,000 246,000 15.04

20 U.S. Trust Co 281,691 244,211 15.35

21 KeyCorp, Clev 266,000 247,000 7.69

22 BankAmerica C 255,000 229,000 11.35

23 Fidelity Mana 231,310 198,055 16.79

24 National City 195,815 177,124 10.55

25 CoreStates Fi 186,000 169,100 9.99

26 Wachovia Corp 175,549 137,841 27.36

27 Firstar Corp. 174,899 145,690 20.05

28 Comerica Inc. 147,336 133,482 10.38

29 First of Amer 136,325 114,024 19.56

30 Harris Bankco 134,198 119,144 12.64

31 Fiduciary Tru 128,000 119,218 7.37

32 Wilmington Tr 114,501 98,247 16.54

33 Union BanCal 112,328 93,479 20.16

34 Mercantile Ba 96,055 79,413 20.96

35 Bessemer Grou 95,800 77,321 23.9

36 Putnam Fiduci 91,000 76,802 18.49

37 Fifth Third B 90,169 74,032 21.8

38 Barnett Banks 84,000 81,394 3.2

39 Marshall & Il 78,595 70,190 11.97

40 Crestar Finan 74,421 65,939 12.86

41 La Salle Nati 63,800 56,947 12.03

42 AmSouth Banco 62,358 57,709 8.06

43 UMB Financial 57,032 51,017 11.79

44 Star Banc Cor 56,661 46,917 20.77

45 Old Kent Fina 53,434 46,027 16.09

46 American Expr 52,896 45,833 15.41

47 Pacific Centu 52,350 50,002 4.7

48 Mercantile Ba 51,547 46,244 11.47

49 Glenmede Corp 49,534 38,467 28.77

50 Huntington Ba 48,102 34,010 41.43

Totals for th$15,592,827$13,447,329 15.95%

Percent change from 96-95 11.60%

Percent change from 95-94 10.58%

part 3 of 5

Rank Total gross operating income

1996 1997 1996

1 J.P. Morgan & Co. $17,701,000 $15,866,000

2 Mellon Ban 2 5,134,000 4,762,000

3 Chase Manh -1 30,381,000 27,421,000

4 State Stre -1 3,428,000 2,745,000

5 Bankers Tr 1 12,176,000 9,565,000

6 Bank of Ne -1 5,560,000 5,616,000

7 Northern T 1 2,267,300 1,929,400

8 NationsBan 2 21,581,000 21,230,422

9 Citicorp, -2 34,700,000 32,600,000

10 PNC Bank C -1 6,859,000 6,333,000

11 Wells Farg 1 9,608,000 8,723,000

12 Fleet Fina 1 8,095,000 8,043,000

13 First Chic -2 10,098,000 10,117,000

14 First Union Corp., 14,329,013 13,149,430

15 Norwest Corp., Min 9,659,700 8,882,900

16 U.S. Banco 5 6,908,000 6,908,100

17 SunTrust Banks Inc 4,584,977 4,064,031

18 Banc One C -2 13,219,100 10,192,258

19 BankBoston Corp. 6,727,000 6,237,000

20 U.S. Trust Corp., 494,428 419,584

21 KeyCorp, C -3 6,568,000 6,038,000

22 BankAmerica Corp., 23,585,000 22,071,000

23 Fidelity M 1 232,444 200,384

24 National C 1 5,152,076 4,928,363

25 CoreStates 1 4,355,085 4,197,279

26 Wachovia C 2 5,267,617 4,014,964

27 Firstar Corp., Mil 1,892,612 1,823,536

28 Comerica I 1 3,175,355 3,069,734

29 First of A 3 2,074,522 2,082,364

30 Harris Ban 1 1,830,586 1,634,837

31 Fiduciary -1 159,000 142,356

32 Wilmington 1 588,181 541,087

33 Union BanC 1 2,496,462 2,345,980

34 Mercantile 10 2,256,878 1,621,349

35 Bessemer G 1 131,800 104,971

36 Putnam Fid 1 350,000 286,171

37 Fifth Thir 1 1,923,849 1,753,528

38 Barnett Ba -3 4,035,000 3,816,284

39 Marshall & 1 1,742,528 1,474,756

40 Crestar Fi 1 1,997,023 1,899,737

41 La Salle N 2 1,977,107 1,578,062

42 AmSouth Bancorp., 1,643,737 1,590,098

43 UMB Financ 2 538,212 507,484

44 Star Banc 3 1,009,126 906,047

45 Old Kent F 4 1,305,692 1,159,471

46 American E 4 53,739 46,640

47 Pacific Ce -1 1,250,365 1,145,295

48 Mercantile Banksha 632,623 587,493

49 Glenmede C 5 58,240 43,095

50 Huntington 8 2,324,312 1,783,457

Totals for the Top$292,651,696 $268,615,786

Percent change from 96-95

Percent change from 95-94

part 4 of 4

Rank of operating Number

1996 1997 1996 of Subs.

1 J.P. Morga 8.1 7.9 25

2 Mellon Ban 25.5 20.9 23

3 Chase Manh 4.3 4.3 28

4 State Stre 36.5 37.1 17

5 Bankers Tr 8.7 8.2 25

6 Bank of Ne 17.5 14.5 6

7 Northern T 30.4 30.7 12

8 NationsBan 3 37.6 13

9 Citicorp, 1.8 1.8 52

10 PNC Bank C 8.8 7.9 16

11 Wells Farg 4.7 4.3 3

12 Fleet Fina 5.2 4.6 7

13 First Chic 4 4 7

14 First Unio 2.5 3.1 4

15 Norwest Co 3.7 3.3 26

16 U.S. Banco 5 6 13

17 SunTrust B 6.9 6.9 28

18 Banc One C 2.4 2.7 14

19 BankBoston 4.2 3.9 9

20 U.S. Trust 57 58.2 7

21 KeyCorp, C 4 4.1 11

22 BankAmeric 1.1 1 8

23 Fidelity M 99.5 98.8 2

24 National C 3.8 3.6 10

25 CoreStates 4.3 4 4

26 Wachovia C 3.3 3.4 3

27 Firstar Co 9.2 8 17

28 Comerica I 4.6 4.4 8

29 First of A 6.6 5.5 4

30 Harris Ban 7.3 7.3 15

31 Fiduciary 80.5 83.8 3

32 Wilmington 19.5 18.2 3

33 Union BanC 4.5 4 0

34 Mercantile 4.3 3.4 16

35 Bessemer G 72.7 73.7 0

36 Putnam Fid 26 26.8 0

37 Fifth Thir 4.7 4.2 9

38 Barnett Ba 2.1 2.1 3

39 Marshall & 4.5 4.8 6

40 Crestar Fi 3.7 3.5 1

41 La Salle N 3.2 3.6 2

42 AmSouth Ba 3.8 3.6 1

43 UMB Financ 10.6 10.1 6

44 Star Banc 5.6 5.2 1

45 Old Kent F 4.1 4 1

46 American E 98.4 98.3 0

47 Pacific Ce 4.2 4.4 1

48 Mercantile 8.1 7.9 3

49 Glenmede C 85.1 89.3 2

50 Huntington 2.1 1.9 1

Totals for 5.3 5 463

Percent change from 96-95

Percent change from 95-94

part 5 of 5

Data on Trust Subsidiaries

Rank Affiliated Foreign

1996 Inv.Adv Trust Ops.

1 J.P. Morga Yes Yes

2 Mellon Ban Yes No

3 Chase Manh Yes Yes

4 State Stre No Yes

5 Bankers Tr No Yes

6 Bank of Ne No Yes

7 Northern T No Yes

8 NationsBan Yes No

9 Citicorp, Yes Yes

10 PNC Bank C No Yes

11 Wells Farg No No

12 Fleet Fina Yes No

13 First Chic Yes Yes

14 First Unio No No

15 Norwest Co Yes No

16 U.S. Banco No No

17 SunTrust B Yes No

18 Banc One C No No

19 BankBoston No Yes

20 U.S. Trust No Yes

21 KeyCorp, C Yes No

22 BankAmeric Yes Yes

23 Fidelity M No No

24 National C Yes No

25 CoreStates Yes No

26 Wachovia C No No

27 Firstar Co No No

28 Comerica I Yes Yes

29 First of A Yes No

30 Harris Ban No Yes

31 Fiduciary No No

32 Wilmington Yes No

33 Union BanC No No

34 Mercantile Yes No

35 Bessemer G No No

36 Putnam Fid No No

37 Fifth Thir No No

38 Barnett Ba Yes No

39 Marshall & Yes No

40 Crestar Fi Yes No

41 La Salle N Yes No

42 AmSouth Ba No No

43 UMB Financ No No

44 Star Banc No Yes

45 Old Kent F No No

46 American E No No

47 Pacific Ce No No

48 Mercantile No No

49 Glenmede C No No

50 Huntington No No

Totals for 21 15

Percent change from 96-95

Percent change from 95-94

Data Source: American Banker survey, annual reports, and federal regulatory Reports of Income for banks and holding companies. Data for the 1996 have not been restated for mergers, unless stated. Total trust income for bank holding companies is consolidated gross income from services rendered by the trust departments of the bank affiliates and nonbank subsidiaries acting in any fiduciary capacity. Nonoperating credits are excluded. Total operating income is gross interest income plus gross noninterst income. Number of subs (for the bank holding companies) is the number of subsidiaries engaged in trust operations. Affiliated Inv. Adv. Yes indicates that the company reported net managed assets by an affiliated investment advisor subsidiary. Foreign Trust Ops. Yes includes that the company reported fiduciary assets by foreign trust subsidiaries. (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 Corp. 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. (E) American Banker estimate. (F) Foreign controlled. * An expanded version will be in Ranking the Banks 1998 issue.

American Banker 1998 ===

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