Where we serve as investment advisor, we normally provide custody service for the securities we manage, but these are registered in the name of one of the nominees identified in our booklet as used by the Trust and Investment Division (letter T), not in that of a nominee of any other category. I believe this answers the question concerning Battelle Investment Corporation.

As to the questions in the last three paragraphs on page two of your letter, I would reaffirm what Mr. Brugger has told Mr. Reinemer-namely, our strong feeling that our obligation to hold private the affairs of our clients, unless otherwise required by law or regulation, precludes our answering these questions, except to say in response to one of them that it is quite customary for a client to have voting rights to shares in a number of different companies registered in the name of the same nominee. Where feasible, our system of utilizing nominees is geared to having all of a given client's holdings in the same nominee name. This has become a very long letter. I trust it furnishes the desired clarifications. Sincerely, ELLMORE C. PATTERSON, Chairman of the Board.

APPENDIX C-BANK RANK AND REGULATION

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM,
Washington, D.C., June 19, 1974.

Mr. VIC REINEMER,

Staff Director, Subcommittee on Budgeting, Management and Expenditures,
Russell Building Washington, D.C.

DEAR VIC: Enclosed is the list of bank holding companies with total assets over $500 million that I promised to send you. The regulatory status of the lead bank is shown by red pen marks beside each holding company. For example, the lead bank for Citicorp is First National City Bank and the "N" denotes National because First National City Bank has a national charter.

Best regards,

Enclosure.

SAMUEL B. CHASE, JR.,
Adviser to the Board.

Subject: Bank holding companies with assets over $500 million.
To: Board of Governors.

JUNE 17, 1974.

From: Division of Research and Statistics (E. M. Wess and J. M. Bush).

176 LARGEST BANK HOLDING COMPANIES RANKED BY TOTAL ASSETS1 (ASSETS IN EXCESS OF $500,000,000 AS OF DEC. 31, 1973, INCLUDING FOREIGN OPERATIONS)

[Key: N National (123); SM=State chartered member bank (42); S=State chartered nonmember bank (11)]

176 LARGEST BANK HOLDING COMPANIES RANKED BY TOTAL ASSETS 1 (ASSETS IN EXCESS OF $500,000,000 AS OF DEC. 31, 1973, INCLUDING FOREIGN OPERATIONS)-Continued

[Key: N = National (123); SM=State chartered member bank (42); S=State chartered nonmember bank (11)]

176 LARGEST BANK HOLDING COMPANIES RANKED BY TOTAL ASSETS 1 (ASSETS IN EXCESS OF $500,000,000 AS OF DEC. 31, 1973, INCLUDING FOREIGN OPERATIONS)-Continued

[Key: N = National (123); SM=State chartered member bank (42); S=State chartered nonmember bank (11)]

176 LARGEST BANK HOLDING COMPANIES RANKED BY TOTAL ASSETS 1 (ASSETS IN EXCESS OF $500,000,000 AS OF DEC. 31, 1973, INCLUDING FOREIGN OPERATIONS)-Continued

[Key: N = National (123); SM=State chartered member bank (42); S=State chartered nonmember bank (11)]