FAILURE TO RESPOND than 10 percent of the total. Jefferson-Pilot Corporation Percent of held 11.25 percent of the outstanding common stock of the Number of total stock NCNB Corporation. shares outstanding The National Bank of North America, of New York, N.Y., is 98 percent owned by the C.I.T. Financial Corpo11 nominees for bank fiduciary ration. accounts. 1, 713, 731 14. 0 6 individuals 783, 628 6. 4 3 brokers. 339, 760 2. 8 2 nominees for mutual funds. 241, 958 2. 0 Six banks did not reply to Senator Metcalf's letter. 2 insurance companies. 228, 226 1. 9 They were: 1 nominee for Central Certificate Service (Cede and Company) 148, 593 1.2 Marine Midland 2 nominees for pension trusts. 116, 852 1. 0 First National Boston Corporation 1 nominee for a corporation. 112, 398 .9 Lincoln First Banks of Rochester, New York 1 State teachers pension fund. 97, 700 .8 1 custodian for foreign accounts. 76, 452 Bank of California, San Francisco 6 Valley National Bank of Arizona Wachovia Corporation of Winston-Salem reported only National Bank of Commerce of Seattle that the bank's employees' profit-sharing, plan is the We turn now to the tabulations and summaries of the largest stockholder with 3 percent of the voting stock, and responses from the nine banks which provided all, or that no individual shareholder approached this per- virtually all, of the information requested by Senator centage. Metcalf, arranged in order of assets of the banks in 1971. Manufacturers National Bank of Detroit disclosed Two banks, First National City Corporation and Chemical solely that the 30 largest stockholders consisted of 15 New York Corporation, both included their treasury nominees, 10 individual holders, three institutional hold- holdings among the top 30. Since such stock is not voting ers and two brokers. No identities were disclosed. stock it was excluded from the tabulations; thus for these The NCNB Corporation (North Carolina National two companies 29 rather than 30 top holders are disclosed. Bank) of Charlotte disclosed one stockholder with more New York banks: Salkeld & Co.... Cudd & Co. Gerlach & Co... Sigler & Co. (TEGGE & Co.. Morgan Guaranty-- (Schmidt & Co.. O'Neill & Co... Atwell & Co.-.. (C. A. England & Co. Cummings & Co.. & Co. Rich & Co... (Touchstone & Co. (Myers & Co.... Johnson & Co.-- SEMP & Co.-.. Gale & Co... (F. J. Haffner & Co. A. A. Welsh & Co. nance & Realty Corp. dianapolis). Pine & Co.--. Continental Insurance. Hico. Garden Street Co.. TRAL & Co... Brown Brothers, Harriman & Co.----- Treasurer of the State of Texas State Subtotal..--- 1. 1 10, 330, 273 New York Stock Exchange.... Cede & Co.--- 2, 176, 188 2, 176, 188 15. 9 (8). 2,938, 080 2,938, 080 28.4 125, 848 125, 848 1. 2 Footnotes at end of table. 5, 951, 371 5, 951, 371 40.6 7 98, 484 94, 905 98, 484 94, 905 302, 000 192, 620 73, 863 80, 008 } 568, 483 3. 9 80, 008 154, 000 } 407,500 2.8 FIRST BANK SYSTEM (MINNEAPOLIS). 14, 661, 060 New York Stock Exchange.... New York banks: Bankers Trust. First National City- Barnett & Co.--- Manufacturers Hanover. Subtotal-New York Big Seven... 1, 249, 380 1, 249, 380 8. 5 Footnotes at end of table. (19) .FIRST BANK SYSTEM (MINNEAPOLIS)-Con. Minneapolis banks: Bruch & Co... Regan & Co. EMSEG & Co.. (Finat & Co. Olen & Co. (Eagle & Co... Pace & Co. Cost & Co. Brack & Co... Sod & Co.. An insurance company. An insurance company. Teachers retirement fund. A public employees' pension fund. A charitable foundation. A charitable foundation... An individual.. A manufacturing company. Subtotal.. 2. 5 (26)... Subtotal-New York Big Seven.. George Willis & Co. Cross & Co.-.. sSteere & Co. (Charter & Co. Provident National.- Saxon & Co.--. Stegir & Co. Anderson & Co.. Patterson & Co.. DEL & Co.--- Inca & Co.--- First Springfield Corp. (Springfield, D.J.S. & Co.-- 20, 175 Mass.). Pa.). Sis Bank & Co., ville. Pa.). 13, 577 12, 000 84, 450 3. 3 10, 500 8, 548 |
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