However, one holder, RKO General, alone accounted for 46.8 percent of the total. There were only two other holders with 2 or more percent, Cede and Company, the nominee of the New York Stock Exchange, with 10.7 percent and First National of Boston (through three nominees) with 2.2 percent. Only one New York bank is among the top 30, with 0.2 percent of the total stock outstanding.

B. RAILROADS

The almost complete response from railroads is readily accounted for by the fact that the information requested by the committee is reported annually to the Interstate Commerce Commission on form 109 "Voting Powers and Elections."

Included are tabulations of the 30 largest stockholders of 15 of the 19 railroads reporting. One company, Santa Fe Industries, failed to respond. Also excluded are: (1) the Southern Pacific Company, the parent company of the Southern Pacific Transportation Company, which reported only the 10 largest stockholders, (2) the Union Pacific Corporation which reported only the aggregates of the 30 largest stockholders (22 banks and their nominees, 2 brokers, and 6 others), and also submitted a list of the 30 largest stockholders of its subsidiary, the Union Pacific Railroad Company, of which the Union Pacific Corporation held 27,924,848 or 93.3 percent of the total of 29,929,235 shares, and (3) the Louisville and Nashville Railroad, a subsidiary of the Seaboard Coast Line Company which, as of the end of 1971, held 2,448,000 or 98.3 percent of a total of 2,490,328 Louisville and Nashville shares.

We turn now to the 15 railroads in the tabulation that follows: