Lapas attēli
PDF
ePub

We hope that the foregoing is responsive to your inquiries. If there is anything we can do to assist you further, please feel free to call either of us.

[merged small][merged small][ocr errors]

ANNEX A

Annex A, Part I

Dreyfus Companies That Will Become Operating
Subsidiaries of Mellon Bank, N.A.

The Dreyfus Corporation acts as investment adviser and administrator to Mutual Funds.

The Dreyfus Consumer Credit Corporation does not engage in any business other than holding loans that were made in

1992.

Dreyfus-Lincoln, Inc. is the second-tier holding company of Dreyfus Security Savings Bank, F.S.B. and will remain a subsidiary of The Dreyfus Corporation so that payments received under a noncompetition agreement can be credited to Dreyfus.

Dreyfus Management, Inc. provides investment advisory services to, among other, corporate retirement plans, individuals, foundations & endowments. It is registered with the U.S. Securities and Exchange Commission and in 17 states as an investment adviser.

Dreyfus Personal Management, Inc. offered discretionary advisory services primarily to individuals; it became inactive as of July 1, 1993, and does not currently have any clients. It is registered with the U.S. Securities and Exchange Commission and in 7 states as an investment adviser.

Lion Management, Inc. is registered with the Commodity
Futures Trading Commission and the National Futures
Association as a commodity pool operator and commodity
trading adviser.

Dreyfus Precious Metals, Inc. is in the business of investing and selling to its customers certain precious metals, such as gold, silver and platinum bullion, American gold eagle coins and Canadian maple leaf coins.

It

Dreyfus Service Corporation currently serves as distributor of Dreyfus managed and/or administered mutual funds pursuant to the terms of a distribution agreement with each fund. is registered with the U.S. Securities and Exchange Commission, the National Association of Securities Dealers, Inc. and all fifty states as a broker-dealer. Upon the consummation of the transaction, the distribution function

will be transferred to an independent third party and the company's activities will conform to those permissible under the Glass-Steagall Act.

Seven Six Seven Agency, Inc. serves as Dreyfus' in-house advertising agency.

Dreyfus Company That Will Become an Operating Subsidiary of Mellon Bank (DE) National Association

Dreyfus Service Organization, Inc. serves as agent in the
sale of variable annuity products issued by Transamerica
Occidental Life Insurance Company and First Transamerica
Life Insurance Company. It is licensed as an insurance
agent in thirty-three states. It will become a subsidiary
of Mellon Bank (DE) or a subsidiary of MBC Insurance Agency,
a subsidiary of Mellon Bank (DE), located in the town of
Lewes, Delaware, a town with a population of fewer than
5,000 persons.

Annex A, Part II

Dreyfus Companies That Will Become Non-Bank Subsidiaries of MBC (Application for Approval Filed January 3, 1994) The Dreyfus Security Savings Bank, F.S.B. is an FDIC-insured federal savings bank with approximately $40 million in

assets.

The Dreyfus Trust Company is a New York limited purpose trust company.

Annex A, Part III

Dreyfus Companies That Will Become Non-Bank Subsidiaries of MBC (Application to be filed later in January) Dreyfus Acquisition Corporation is used, from time to time, by Dreyfus to make equity and debt investments. Its holdings will be reduced or liquidated following consummation of the transaction.

Major Trading Corporation engages primarily in investing and
trading in securities for its own account. Its holdings
will be reduced or liquidated following consummation of the
transaction.

Dreyfus Partnership Management, Inc. serves as non-managing general partner of Dreyfus-managed funds organized as limited partnerships. Its interests do not represent more

[ocr errors][merged small]

than 5 percent of the outstanding voting shares of any company.

Dreyfus Realty Advisors, Inc. engages in the business of providing investment advisory services relating to the acquisition, management, and disposition of real estate and real estate related investments.

The Trotwood Corporation and its subsidiary, The Trotwood Hunters Site A Corporation, are designed to assist in the development of a major governmental/private enterprise real estate project in New York City know as "Queens West".

The Truepenny Corporation is the parent corporation of The Trotwood Corporation.

Annex A, Part IV

Dreyfus Companies That Will Be Liquidated or Divested

Dreyfus Consumer Life Insurance Company is an insurance company that was originally intended to provide services in connection with universal life insurance business. The company does not currently write any insurance business, but is licensed in thirty states. It is anticipated that the company will be sold prior to closing or as soon thereafter as practical.

Dreyfus Garden City, Inc. is the holding company of The Dreyfus Trust Company. It is anticipated that this company will be liquidated.

The Dreyfus Holding Corporation is the holding company of Dreyfus Thrift & Commerce, a Utah-chartered industrial loan company that became inactive on March 1, 1993 when its assets and liabilities were transferred to Dreyfus Security Savings Bank. It is anticipated that this company will be liquidated.

Dreyfus Media, Inc. may sponsor television or radio programs or events and engage in other communications-related activities involving the financial services industry, including Dreyfus Funds.

The Dreyfus Trust Company holds a New Jersey trust company charter but has never been activated.

Dreyfus Canada, Inc. acts as the exclusive agent for the sale of Dreyfus International Investment Programs and as distributor of the shares of The Dreyfus Fund International Limited.

Dreyfus Sales of Canada, Ltd. has never commenced operations.

[blocks in formation]

Pursuant to Rules X and XI of the Rules of the U.S. House of Representatives, and our continuing oversight of securities and exchanges, we are investigating the facts and circumstances surrounding the proposed merger between the Dreyfus Corporation (Dreyfus) and Mellon Bank Corporation (MBC) whereby Dreyfus will be acquired by Mellon Bank, N.A. (Mellon Bank) as a separate operating subsidiary.

As

In December, representatives of your institutions were advised that the Subcommittee would be looking into this transaction and that hearings would be scheduled in the near future. a starting point, we have reviewed the copy of the Notice of the transaction and supporting documentation that was delivered to the Committee on Energy and Commerce on January 3, 1994 as well as your letter of January 7, 1994 responding to the December 20, 1993 Gonzalez-Dingell letter. In order to assist the Subcommittee in its investigation and in preparation for the upcoming hearings, your cooperation is requested in providing the following responses, information, and documents by the close of business on Friday, February 18, 1994.

1.

Your January 3 transmittal letter states that you have
enclosed "a copy of the public portion of the Notice
that was filed by Mellon Bank on December 30, 1993 with
the Comptroller of the Currency.' [Emphasis supplied.]
Please catalogue and submit the nonpublic portion as
well so that we can examine the entirety of the trans-
action.

« iepriekšējāTurpināt »