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October 30, 1995 12:00 AM

SPECIAL REPORT: MASTER TRUST/GLOBAL CUSTODY;TRUST (PART 4/5)

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    Harris Trust and Savings

    Bank

    111 W. Monroe St., Chicago, Ill. 60690; phone: (312) 461-2121; fax: (312)

    461-2945

    ($ millions)

    Domestic master trust assets120,600

    Tax-exempt56,600

    Taxable64,000

    Domestic master custodial assets48,100

    Domestic master trust clients:

    Tax-exempt100

    Taxable69

    Domestic master custodial clients79

    Account supervisors50

    Reports available on-line:

    Monthly transaction

    Asset & liability

    Performance measurement

    Harris Trust and Savings Bank reported new, tax-exempt domestic master trust business of $175 million in the year ended June 30 and new, tax-exempt domestic master custodial business of $1.654 billion.

    The primary accounting method is trade date; settlement date also is offered.

    Services offered in the basic master trust/master custodial agreement are asset custody, trade settlement, income collection, accounting and reporting, short-term cash management, investment manager relations, customer service and fiduciary service.

    On-line access, benefit payment processing, performance measurement, foreign exchange services, portfolio analytics, securities lending, custom cash management, record keeping, employee communications and investment management are available for additional fees.

    Record-keeping services offered include form 5500 preparation, federal and state tax reporting for benefit payment distributions, custom reporting and prototype plan documentation.

    New features include CD ROM reporting and on-line information for global custody.

    Fees are based on asset value and transactions.

    The master trust client contact is Richard L. Walker; the master custody client contact is Elizabeth M. Stubenrauch.

    Marshall & Ilsley Trust Co.

    1000 N. Water St., Milwaukee, Wis. 53202; phone: (414) 287-8700; fax: (414) 287-7125

    ($ millions)

    Domestic master trust assets3,993

    Tax-exempt3,890

    Taxable103

    Domestic master custodial assets380

    Domestic master trust clients:

    Tax-exempt54

    Taxable3

    Domestic master custodial clients15

    Account supervisors17

    Reports available on-line:

    Monthly transaction

    Asset & liability

    Performance measurement

    Pension recipient reports

    Marshall & Ilsley Trust Co. reported new, tax-exempt domestic master custodial business of $1.265 billion in the year ended June 30.

    The primary accounting method is accrual. Settlement and trade date are also offered. Services offered in the basic master trust/master custodial agreement are securities lending, performance measurement, benefit payment distributions, automatic cash management and customized reporting.

    On-line services are available for additional fees.

    Record-keeping services offered include daily valuation, voice response information system and compliance testing.

    Fees are based on market value plus accrual.

    The client contact is Judith Murphy.

    Mellon Trust

    1 Boston Place, Boston, Mass. 02108; phone: (617) 722-7314; fax: (617) 722-3549

    ($ millions)

    Domestic master trust assets408,665

    Tax-exempt326,987

    Taxable81,678

    Domestic master custodial assets296,629

    Domestic master trust clients:

    Tax-exempt302

    Taxable51

    Domestic master custodial clients182

    Account supervisors162

    Reports available on-line:

    Monthly transaction

    Asset & liability

    Performance measurement

    Over 450 reports, including securities lending, participant record keeping, benefit disbursement activity and portfolio analytics.

    Mellon Trust reported new, tax-exempt domestic master trust business of $5.18 billion in the year ended June 30 and new, tax-exempt domestic master custodial business of $47.078 billion.

    The primary accounting methods are trade date, accrual and average cost. FIFO, LIFO, highest/lowest cost, selected lot, original cost, amortization/accretion using straight line and constant yield also are offered.

    Services offered in the basic master trust/master custodial agreement are cash management, trade settlement, safekeeping, income collection, accounting/reporting and basic on-line inquiry.

    Performance measurement, analytics, securities lending, benefit payments and participant record keeping are available for additional fees.

    Record-keeping services offered include securities lending, benefit payments, participant record keeping, global custody and on-line information delivery.

    New features include the release of Window-based on-line services.

    Fees are based on number and type of portfolios, total assets, transactions and ancillary services.

    The client contact is Paul S. Maregni.

    National City Bank

    1900 E. Ninth St., Cleveland, Ohio 44114; phone: (216) 575-2694

    ($ millions)

    Domestic master trust/custody assets2,211

    Tax-exempt452

    Taxable1,759

    Domestic master trust/custody clients:

    Tax-exempt8

    Taxable55

    Account supervisors5

    Reports available on-line:

    Monthly transaction

    Daily balance

    Account holdings

    Pending interest & dividends

    Maturities

    National City Bank reported new, tax-exempt domestic master trust business of $261 million in the year ended June 30.

    The primary accounting method is trade or settlement date. Accrual and cash also are offered.

    Services offered in the basic master trust/master custodial agreement are unified reporting, cost efficiency, performance measurement, securities lending, investment advisory firm use, safekeeping, collection & remittance of investment income and cash sweep.

    Customized reporting and donor reporting are available for additional fees.

    The client contact is Susan Capps.

    NBD Bank

    611 Woodward Ave., Detroit, Mich. 48226; phone: (313) 225-1260; fax: (313) 225-3948

    ($ millions)

    Domestic master trust assets20,591

    Tax-exempt20,236

    Taxable355

    Domestic master custodial assets33,639

    Domestic master trust clients:

    Tax-exempt153

    Taxable4

    Domestic master custodial clients65

    Account supervisors16

    Reports available on-line:

    Monthly transaction

    Asset & liability

    Cash projections

    Pending trades

    Liquidity

    NBD Bank reported new, tax-exempt domestic master trust business of $291 million in the year ended June 30 and new, tax-exempt domestic master custodial business of $28 million.

    The primary accounting methods are cash and settlement. Full accrual also is offered.

    Services offered in the basic master trust/master custodial agreement are inventories, annual accountings and cash statements.

    Modular services including benefit disbursement, cash management and performance measurement are available for additional fees.

    Record-keeping services offered include 401(k) reporting.

    New features include a global subcustodial network.

    Fees are based on base plus market values and transactions.

    The client contacts are Clarence Kufel and John Broman.

    Northern Trust

    50 S. LaSalle St., Chicago, Ill. 60675; phone: (312) 630-6000

    ($ millions)

    Domestic master trust assets299,000

    Tax-exempt209,500

    Taxable89,500

    Domestic master custodial assets 189,300

    Domestic master trust clients:

    Tax-exempt259

    Taxable151

    Domestic master custodial clients195

    Account supervisors90

    Reports available on-line:

    Monthly transaction

    Asset & liability

    Performance measurement

    Plan valuation

    Securities lending

    Proxy

    Benefit payment

    Northern Trust reported new, tax-exempt domestic master trust business of $5 billion in the year ended June 30 and new, tax-exempt domestic master custodial business of $5.6 billion.

    The primary accounting method is average cost. LIFO, FIFO, high cost also are offered.

    Services offered in the basic master trust/master custodial agreement are relationship management, safekeeping, trade settlement, investment manager servicing, accounting, reporting, auditing, income collections, corporate action processing, pricing and cash management.

    Global custody, U.S. and international securities lending, performance measurement and analytics, investment management, benefit payments, foreign exchange and record keeping are available for additional fees.

    Record-keeping services, offered through a subsidiary, include administration, custom participant statements, full participant loan services, audit controls and interactive voice response.

    New features include an enhanced reporting database, on-line benefit payment update and inquiry capabilities, enhanced investment decision support and tools and on-line research products.

    Fees are based on asset value, transactions and fees for ancillary services.

    The client contact is Connie Magnuson.

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