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Independent in Long Beach, California

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Newspaper

Independent

Location

Long Beach, California, United States of America

Date

Jan 22, 1976

Page

4

Federal Reserve list flags 12 bank hold firms as troubled

A year ago the Fed staff placed about a dozen of the nation s 50 largest bank holding companies on a confidential problem list. The list highlighted more serious issues at firms across California New York North Carolina Wisconsin First Pennsylvania Bank and Union Bank of Los Angeles among others. The report warned that significant difficulties would likely persist into 1975 despite some improvements.

Michael Jensen New York Federal Reserve Board North Carolina Wisconsin California Pennsylvania Federal Reserve New York Times Comptroller of the Currency First National City Bank Chase Manhattan Bank Citicorp First National City Fed Chase Bank New York City Brenton C. Leavitt First Pennsylvania Corp First Pennsylvania Bank Union Bancorp Union Bank ‘of Los Angeles Ncnb Corp North Carolina National Bank First Wisconsin Corp First Wisconsin National Bank Milwaukee Chase’ Manhattan Comptroller Washington Post Chase Manhattan Leavitt

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