+++ (dollars in millions)

Standby Letters of Credit

part 1 of 3

Rank

1 Citicorp, New York

2 Chase Manhattan Corp., New York

3 BankAmerica Corp., San Francisco

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

5 Bankers Trust Corp., New York

6 Comerica Inc., Detroit

7 BankBoston Corp.

8 Bank of New York Co.

9 First Chicago NBD Corp.

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

Top 10 US banks in Standby Letters of Credit

Total US banks in Standby Letters of Credit issued

Standby L/C issued abroad as a % of Total Standby L/C

part 2 of 3

Standby Letters of Credit

Standby Letters of CrediStandby Letters of Credit

Foreign Based

Rank 3/31/98 3/31/97% Change 3/31/98

1 Citicorp, $17,656 $16,931 4.28% $6,424

2 Chase Manh 13,043 9,001 44.91 27,382

3 BankAmeric 6,660 6,048 10.12 16,582

4 J.P. Morga 2,833 7,055 -59.85 11,879

5 Bankers Tr 1,297 1,061 22.24 3,101

6 Comerica I 785 609 28.93 2,519

7 BankBoston 737 603 22.18 3,241

8 Bank of Ne 658 657 0.21 6,039

9 First Chic 656 562 16.73 8,082

10 Wachovia C 654 186 250.85 7,889

Top 10 US $44,979 $42,713 5.34% $93,138

Total US b$48,059 $45,628 5.33%$180,750

Standby L/ 21.00% 22.10%

part 3 of 3

Standby Letters of Credit

Standby Letters of Credit

U.S. Based Outstanding

Rank 3/31/97 3/31/98 3/31/97

1 Citicorp, $6,626 $24,080 $23,557

2 Chase Manh 27,085 40,425 36,086

3 BankAmeric 16,008 23,242 22,056

4 J.P. Morga 12,411 14,711 19,466

5 Bankers Tr 2,888 4,398 3,949

6 Comerica I 2,198 3,304 2,807

7 BankBoston 3,178 3,978 3,781

8 Bank of Ne 4,751 6,697 5,407

9 First Chic 6,864 8,738 7,426

10 Wachovia C 5,624 8,543 5,810

Top 10 US $87,632 $138,117 $130,345

Total US b $160,820 $228,809 $206,448

Standby L/C issued abroad as a % of Total Standby L/C ===

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