BayBank
7 New England Executive Park, Burlington, Mass. 01803; phone: (617) 564-4637
($ millions)
Domestic master trust assets62
Tax-exempt31
Taxable31
Tax-exempt domestic master custodial3,800
Domestic master trust clients:
Tax-exempt1
Taxable1
Domestic master custodial clients:
Tax-exempt198
Account supervisors3
Reports available on-line:
Monthly transaction
Asset & liability
BayBank reported new, tax-exempt domestic master custodial business of $276 million in the year ended June 30.
The primary accounting method is accrual. Cash also is offered.
Services offered in the basic master trust/master custodial agreement are portfolio and transaction statements and performance measurement.
Fees are based on a percentage of assets.
The client contact is Eugene D. Mahoney.
Boatmen's Trust Co.
100 N. Broadway, St. Louis, Mo. 63102; phone: (314) 466-3800; fax: (314) 466-3964
($ millions)
Domestic master trust assets10,611
Tax-exempt4,292
Taxable6,319
Tax-exempt domestic master custodial30,401
Domestic master trust clients:
Tax-exempt27
Taxable11
Domestic master custodial clients:
Tax-exempt121
Account supervisors47
Reports available on-line:
Monthly transaction
Asset & liability
Performance measurement
Portfolio modeling/cash projections
Boatmen's Trust Co. reported new, tax-exempt domestic master trust business of $140 million in the year ended June 30 and new, tax-exempt domestic master custodial business of $1.381 billion.
The primary accounting method is trade date, full accrual. Settlement date and tax-cost also are offered.
Services offered in the basic master trust/master custodial agreement are transaction processing/settlement, investment valuations, securities lending, corporate actions processing, unitized and non-unitized accounting, performance measurement and comprehensive standardized reporting.
On-line reporting, performance analytics and attribution, benefit payment administration and customized reporting are available for additional fees.
Record-keeping services offered include 401(k) participant accounting, trading cost analysis, proxy reporting and consolidated government reporting.
New features include consolidated multicurrency reporting and global on-line reporting.
Fees are based on assets, activity and supplemental services.
The client contact is Kevin S. Harley.
The Chase Manhattan Bank
4 Chase MetroTech Center, Brooklyn, N.Y. 11245; phone: (718) 242-9151; fax: (718) 242-8896
($ millions)
Domestic master trust assets110,000
Tax-exempt110,000
Tax-exempt domestic master custodial170,000
Domestic master trust clients:
Tax-exempt284
Domestic master custodial clients:
Tax-exempt85
Account supervisors115
Reports available on-line:
Monthly transaction
Asset & liability
Performance measurement
Securities on loan
Cash reports
Corporate action reports
Benefit payments
Reconciliation reports
Income allocation reports
Valuation reports
Chase Manhattan Bank reported new, tax-exempt domestic master trust business of $45 billion in the year ended June 30 and new, tax-exempt domestic master custodial business of $82 billion.
The primary accounting method is actual or contractual settlement date posting.
Services offered in the basic master trust/master custodial agreement are accounting/reporting, asset servicing, cash management, dedicated service team, income collection, proxy voting, safekeeping, settlement, trade date reporting and equitable share accounting.
Benefit payments, global custody, investment management, performance measurement, recordkeeping, securities lending, common fund management, risk management products and foreign exchange are available for additional fees.
Record-keeping services offered include administrative services and prototype plans, employee presentation forms, customized participant statements, benefit payment services, loan participant services and financial services and audit controls.
New features include integrated global and domestic reporting and enhanced accounting capabilities.
Fees are based on market value, transaction type and volume and portfolio type and volume.
The client contact is Peter Derrenbacher.
Chemical Banking Corp.
4 New York Plaza, New York, N.Y. 10004; phone: (212) 623-2831; fax: (212) 623-1746
($ millions)
Domestic master trust assets196,700
Tax-exempt48,800
Taxable147,900
Tax-exempt domestic master custodial45,300
Domestic master trust clients:
Tax-exempt321
Taxable526
Domestic master custodial clients:
Tax-exempt92
Account supervisors49
Reports available on-line:
Monthly transaction
Asset & liability
Performance measurement
On-line real time reports
Close of business batch reports
Chemical Banking Corp. reported new, tax-exempt domestic master trust business of $25 million in the year ended June 30 and new, tax-exempt domestic master custodial business of $188 million.
Services offered in the basic master trust/master custodial agreement are legal administration guidance, monthly reporting at manager level/plan level/master trust level, zero balance cash management, fail float management, options and futures processing and ERISA reporting.
Performance measurement, disbursing and related tax reporting, plan accounting, securities lending, TUCS comparisons, asset allocation/asset liability planning, actuarial services, global custody, customized reporting, on-line accounting and reporting, NAV accounting and participant record keeping are available for additional fees.
Record-keeping services offered include participant record keeping and NAV accounting.
New features include bundled 401(k) program and PC front-end pension disbursing.
Fees are based on assets, transactions and account structure.
