Top 50 World Banking Companies in Market Capitalization

+++

Listed in order of market value of common stock on June 30, 1998 (US dollar amounts in millions)

Jun-98Mar-98 (w)

World World

Bank Finance

Rank Rank Institution Name and City

1 20 UBS Corp., Zurich (1)

2 2 Lloyds TSB Group Plc, London

3 5 NationsBank Corp., Charlotte, N.C. (2)

4 9 Citicorp, New York (3)

5 4 HSBC Holdings Plc., London (4)

6 12 Chase Manhattan Corp., New York

7 13 Credit Suisse Group, Zurich

8 10 BankAmerica Corp., San Francisco (2)

9 14 First Union Corp., Charlotte, N.C. (5)

10 11 Bank of Tokyo-Mitsubishi, Ltd.

11 15 National Australia Bank, Ltd, Melbourne

12 21 Deutsche Bank, AG, Frankfurt

13 16 Barclays Plc, London

14 23 Banc One Corp. Columbus, Ohio (6, 7)

15 30 Banco Bilbao Vizcaya, Bilbao

16 27 ABN-AMRO Holdings, Amsterdam

17 33 Wells Fargo & Co., San Francisco (8)

18 34 U.S. Bancorp, Minneapolis, Minn.

19 29 Sumitomo Bank Ltd., Osaka

20 31 National Westminster Bank Plc, London

21 37 Westpac Banking Corp., Sydney

22 35 Banco Santander S.A., Madrid

23 32 Norwest Corp., Minneapolis, Minn. (8)

24 60 Commonwealth Bank of Australia, Sydney

25 48 Dresdner Bank AG, Frankfurt

26 49 Australia and New Zealand Banking Group, Melbourne

27 44 Sanwa Bank Ltd., Osaka

28 46 National City Corp., Cleveland, Ohio

29 43 First Chicago NBD Corp. (6)

30 40 Abbey National Plc, London

31 50 Fleet Financial Group, Boston

32 54 Bayerische Vereinsbank Group, Munich (9)

33 47 Bank of New York Co.

34 45 J.P. Morgan & Co., New York

35 59 Royal Bank of Canada, Montreal (10)

36 52 Dai-Ichi Kangyo Bank Ltd., Tokyo

37 68 Banque Nationale de Paris, SA

38 70 KeyCorp, Cleveland, Ohio

39 63 Wachovia Corp., Winston-Salem, N.C. (11)

40 69 Commerzbank AG, Frankfurt

41 74 SunTrust Banks Inc., Atlanta

42 72 Mellon Bank Corp., Pittsburgh

43 79 Bayerische Hypotheken- Und Wechsel-Bank, Munich (9)

44 62 MBNA Corp., Wilmington Del.

45 90 Fifth Third Bancorp, Cincinnati, Ohio (12, 13)

46 75 BankBoston Corp.

47 58 PNC Bank Corp., Pittsburgh

48 65 Industrial Bank of Japan Ltd., Tokyo

49 85 Royal Bank of Scotland Group Plc, Edinburgh

50 82 Bank of Montreal (10)

Total for the Top 50 Banks

Dow Jones industrial average

S&P 500

S&P 500 Bank Index

Nikkie-Tokyo Stock exchange Index

Financial Times - Stock Exchange 100 Share Index

part 2 of 3

Jun-98Mar-98 (w) Percent

World World Change

Bank Finance As of from 3/31/98

Rank Rank Instituti Country 6/30/98 to 6/30/98

1 20 UBS Corp. Switzerland $85,752 22.50%

2 2 Lloyds TSUnited Kingdo 75,985 -9.88

3 5 NationsBaUnited States 73,850 5.35

4 9 Citicorp,United States 67,390 3.6

5 4 HSBC HoldUnited Kingdo 66,121 -21.36

6 12 Chase ManUnited States 64,302 13.44

7 13 Credit Su Switzerland 59,485 10.47

8 10 BankAmeriUnited States 59,060 2.32

9 14 First UniUnited States 58,693 11.69

10 11 Bank of T Japan 49,666 -12.66

11 15 National Australia 49,137 5.8

12 21 Deutsche Germany 44,881 13.06

13 16 Barclays United Kingdo 43,504 -5.99

14 23 Banc One United States 39,068 -3.75

15 30 Banco Bil Spain 34,787 9.39

16 27 ABN-AMRO Netherlands 33,815 2.72

17 33 Wells FarUnited States 33,754 11.4

18 34 U.S. BancUnited States 32,032 6.88

19 29 Sumitomo Japan 30,663 -4.39

20 31 National United Kingdo 30,611 -3.39

21 37 Westpac B Australia 29,531 4.22

22 35 Banco San Spain 29,412 2.76

23 32 Norwest CUnited States 28,410 -9.9

24 60 Commonwea Australia 28,001 54.92

25 48 Dresdner Germany 27,586 17.95

26 49 Australia Australia 27,401 17.31

27 44 Sanwa Ban Japan 26,043 1.3

28 46 National United States 25,698 7.01

29 43 First ChiUnited States 25,474 -1.31

30 40 Abbey NatUnited Kingdo 25,141 -8.28

31 50 Fleet FinUnited States 23,782 2.75

32 54 Bayerisch Germany 23,325 16.84

33 47 Bank of NUnited States 22,444 -6.41

34 45 J.P. MorgUnited States 20,975 -12.78

35 59 Royal Ban Canada 18,565 1.74

36 52 Dai-Ichi Japan 18,392 -19.07

37 68 Banque Na France 17,843 5.6

38 70 KeyCorp, United States 17,524 5.87

39 63 Wachovia United States 17,499 -1.28

40 69 Commerzba Germany 17,454 4.03

41 74 SunTrust United States 17,199 7.45

42 72 Mellon BaUnited States 16,851 4.24

43 79 Bayerisch Germany 16,770 16.01

44 62 MBNA CorpUnited States 16,571 -7.67

45 90 Fifth ThiUnited States 16,463 13.06

46 75 BankBostoUnited States 16,321 2.46

47 58 PNC Bank United States 16,040 -12.79

48 65 Industria Japan 15,977 -7.91

49 85 Royal BanUnited Kingdo 15,088 11.59

50 82 Bank of M Canada 14,427 2.52

Total for the Top 50 B######## 2.28%

Dow Jones industrial average 1.73%

S&P 500 2.91%

S&P 500 Bank Index 1.05%

Nikkie-Tokyo Stock exchange In -4.22%

Financial Times - Stock Exchan -1.68%

part 3 of 3

Jun-9Mar-98 (w) Change

WorldWorld in rank Percent (Percent (Yearend

Bank Finance from 12/ Change Change MCAP/

Rank Rank Instto 6/98 96 to 97 12/96 to Assets

1 20 UBS 8 0.03% 144.80% 8.83%

2 2 Lloy 12 9.26 92.9 16.55

3 5 Nati -1 69.35 163.5 17.94

4 9 Citi 2 33.84 55.7 18.63

5 4 HSBC 2 14.43 13.8 14.11

6 12 Chas 3 19.49 67 12.59

7 13 Cred -2 0.3 44.7 8.7

8 10 Bank 0 43.87 66.7 19.6

9 14 Firs 8 52.71 176 20.65

10 11 Bank -7 -14.87 -32.7 9.08

11 15 Nati 51 206.03 215.2 31.68

12 21 Deut 23 59.96 92.6 6.41

13 16 Barc 16 54.26 64.7 10.5

14 23 Banc 2 75.5 115.6 27.44

15 30 Banc 59 82.58 189 12.85

16 27 ABN- 22 25.93 53.3 6.73

17 33 Well 8 25.84 36.8 31.86

18 34 U.S. 8 191.41 231.7 39.47

19 29 Sumi -4 -6.22 -17.7 7.22

20 31 Nati 21 42.48 52.6 9.32

21 37 West 32 152.06 162.7 27.94

22 35 Banc 39 88.43 187.4 13.9

23 32 Norw 0 85.17 80.5 32.93

24 60 Comm 30 125.61 149.7 28.26

25 48 Dres 44 70.5 97.7 6.39

26 49 Aust 19 94.95 121.9 23.36

27 44 Sanw -3 -8.17 -16.3 6.68

28 46 Nati 5 60.51 156.6 29.4

29 43 Firs 1 48 54.2 21.44

30 40 Abbe -1 36.57 36.4 10.09

31 50 Flee 6 49.85 82 22.89

32 54 Baye 49 67.93 117.7 7.18

33 47 Bank 1 66.54 72.1 36.23

34 45 J.P. -2 11.95 16.2 7.71

35 59 Roya 48 61 80.7 9.52

36 52 Dai- -14 -45.61 -44.2 4.14

37 68 Banq 36 41.95 122.4 3.35

38 70 KeyC 17 53.27 72.7 21.11

39 63 Wach 12 84.69 89 26.14

40 69 Comm 42 75.79 67.2 6.37

41 74 SunT 17 39.57 58.4 26.14

42 72 Mell 14 68.97 84.5 34.38

43 79 Baye 33 66.13 115.8 6.32

44 62 MBNA 5 47.63 78.7 64.25

45 90 Fift 25 89.65 147.6 59

46 75 Bank 13 38.17 65.8 19.63

47 58 PNC -1 45.37 31.5 23.6

48 65 Indu -17 -31.7 -38.1 5.3

49 85 Roya 16 14.69 57.8 9.37

50 82 Bank 2 4.15 27.8 7.97

Total for th 34.55% 62.80% 12.18%

Dow Jones in 22.64% 38.83%

S&P 500 31.01% 53.07%

S&P 500 Bank 41.06% 59.56%

Nikkie-Tokyo -21.19% -18.24%

Financial Ti 24.89% 41.62%

Source: American Banker survey, Annual Reports, Securities Data Co. Newark, N.J., Shehsunoff Information Services Inc. Austin, Tex., and ILX Systems Inc, New York. Market Capitalization is calculated by the total shares outstanding by stock price. Shares outstanding exclude treasury shares and are from March 31, 1998, to June 30 ,1998, or as institutions have made information available. (1) American Banker restated the numbers for the June 29 merger with Schweizerischer Bankverein of Basel. (2) NationsBank announced on April 13, 1998, to acquire BankAmerica Corp. of San Francisco, Calif. (3) Travelers announced on April 6, 1998, to acquire Citicorp and form Citigroup. (4) includes both types of shares. (5) American Banker restated all data for the April 28 acquisition of Corestates Financial Corp. of Philadelphia, Pa. (6) Bank One announced on April 13, 1998, to acquire First Chicago NBD Corp. (7) American Banker restated the numbers for June 12 acquisition of First Commerce Corp. of New Orleans, La. (8) Wells Fargo & Co. and Norwest announced a merger on June 8. (9) Bayerische Vereinsbank Group announced on February 28, 1998, to acquire Bayerische Hypotheken und Wechsel- Bank of Munich. (10) Bank of Montreal announced on January 23, 1998, to acquire Royal Bank of Canada of Montreal. (11) American Banker restated the numbers for the April 1 acquisition of Ameribank Bancshares Inc. of Hollywood, Fla. (12) American Banker restated the numbers for the June 26 acquisition of CitFed Bancorp of Dayton, Ohio. (13) American Banker restated the numbers for the June 19 acquisition of State Savings Co. of Columbus, Ohio. Historical Reference to US Banks Market Capitalization: 1998: Jan. 12, Apr. 13, July 16. 1997: Jan 17, Apr. 11, July 17, Oct. 16. 1996: Jan. 12, Apr. 12, July 11, Oct 15. 1995: Jan. 9, July 18. 1994: June 9 World Reference to Market Capitalization Rankings : 7/29/97: 6/18/98. (r) These percent changes have not been restated, so as to reflect the volatility in the banking industry worldwide. Factors affecting this are mergers, stock exchange volatility, and exchange rates volatility to the US dollar. (w) This column is from the top 100 world financial institutions in market capitalization, issue of June 18, 1998. It included banks, finance and trading companies, insurance, real estate, brokerage and thrift institutions. ===