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NATIONAL BANK OF GEORGIA CORRESPONDENT BANK BALANCES

WITH CITIZENS AND
SOUTHERN NATIONAL BANK

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May

June

July
Aug.
Sept.
Oct.

C&S had $150,000 in loans to
Lance and related interests.
C&S loans to Lance and related
interests increased to $185,000.
C&S - $185,000.
C&S - $185,000.
C&S – $185,000.
C&S – $335,000.
C&S – $335,000.
C&S - $335,000.
C&S – $335,000.
C&S – $935,000.
C&S – $1,155,000.
C&S – $1,155,000.
C&S – $1,155,000.
C&S – $1,155,000.
C&S – $1,155,000.
C&S – $1,155,000.
C&S – $1,155,000.

Nov.

61,000
60,000
60,000
50,000
50,000
50,000

61,000
1,779,000
4,349,000
4,032,000
3,654,000
3,219,000
2,750,000
2,611,000

-0

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Data taken from D-Ex. 2 of Comptroller's Report

NATIONAL BANK OF GEORGIA
CORRESPONDENT BANK BALANCES

WITH
FIRST NATIONAL CITY BANK (NY)(Citicorp)

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NBG writes Citicorp complaining about
handling of correspondent bank account.
NBG board of directors reapproves Citicorp as
New York depository.
Apr. 16 -- Lance and NBG Chairman visit
Citicorp seeking loan for bank stock purchase.
Apr. 22 -- Citicorp declines loan.
Apr. 24 - - Manufacturers Hanover approves
loan,
Apr. 29 -- NBG deposits $250,000 with
Manufacturers Hanover in correspondent
account.
May 14 - Citicorp account officer notes
Manufacturers Hanover has financed the bank
stock purchase by Lance; will get NY
correspondent business.
Writer suggests avoiding confrontations until
account moved.

May

NOTE .. Figures are incomplete. Comptroller's report did no

include monthly data. Data from Section C Exhibits.

NATIONAL BANK OF GEORGIA CORRESPONDENT BANK BALANCES WITH CONTINENTAL-ILLINOIS NATIONAL BANK

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•Figures taken from August 10, 1977 letter from Robert Guyton, president, National Bank of Georgia
to Senator Abraham Ribicoff. Comments based on information in Comptroller's report.

NATIONAL BANK OF GEORGIA CORRESPONDENT BANK BALANCES WITH MANUFACTURERS HANOVER TRUST COMPANY

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Mar.

Apr.

May

Mar. 12, NBG board approves 12 banks as depositories. NY banks

on list -- Chase Manhattan, Chemical and FNCBank.
-0-

Apr. 16 -- Lance and NBG chairman King Cleveland visit Man. Han.
to discuss stock acquisition loan for $2.25 to $3.25 million.
(Citicorp approached same day for loan).
Apr. 22 - Citicorp refuses loan.

Apr. 24 -- Man. Han. approves $3,250,000 loan limit for Lance. $ 250,000 Apr. 29 -- NBG establishes correspondent bank account with

Manufacturers Hanover.
1,420,000* May 12 -- NBG minutes show Manufacturers approved as

correspondent at request of Lance & Cleveland.
2,717,430** June 30 -- Manufacturers Hanover grants $2,625,000 loan to

Mr. and Mrs. Lance.
665,000
665,000
637,000
724,000
915,000
1,332,000

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1,099,000
549,000
282,000
475,000
763,000
387,000
463,000
274,000
305,000

737,000
1,011,000

Lance begins negotiation to establish correspondent bank relations with FNB Chicago.

Dec.

683,000

Lance transfers loan

FNB Chicago and pays off Man. Han.

Jan.
Feb.
Mar.
Apr.
May
June

581,000
393,000

80,000
(143,000)
(111,000)
(28,000)

*The 5/30/75 figure is taken from B-Ex. 4 of the Comptroller's report.
** The 6/30/75 figure is taken from B-Ex. 4 of the Comptroller's report.

Remaining correspondent bank account figures are taken from
The Comptroller's balance analysis sheets in Sec. B. 10 of report,

NATIONAL BANK OF GEORGIA CORRESPONDENT BANK BALANCES

WITH FIRST NATIONAL BANK OF CHICAGO

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