Major banks investment in cash value life insurance
MAJOR BANKS INVESTMENT IN CASH VALUE LIFE INSURANCE IN COMPARISON TO BANK PREMISES AND OTHER FIXED ASSETS IN TIER ONE CAPITAL AS OF JUNE 30, 2011 (SOURCE:FDIC)
| INSTITUTION | TIER 1 CAPITAL SS/(BILLIONS) |
LIFE INS. $$/(B)+* | BANK PREMISES & OTHER FIXED $$/(BILLIONS) |
| JPMORGAN CHASE | $93.498 | $9.825 | $10.225 |
| BANK OF AMERICA | $118.600 | $18.530+ | $10.872 |
| CITIBANK | $101.000 | $4.478+ | $4.342 |
| WELLS FARGO | $92.092 | $19.334+ | $8.103 |
| U.S. BANK | $23.577 | $5.168+ | $2.505 |
| PNC BANK | $25.709 | $5.873+ | $4.140 |
| BANK OF NYMELLON | $10.807 | $3.420+ | $1.224 |
| HSBC BANK USA | $15.948 | $0.224 | $0.504 |
| FIA (BANK OF AMERICA) | $29.210 | $0.583+ | $0.551 |
| TD BANK | $12.813 | $1.589 | $2.576 |
| SUNTRUST | $13.650 | $0.651 | $1.352 |
| BRANCH BANK & TRUST | $15.136 | $3.382+ | $1.828 |
| CAPITAL ONE | $10.143 | $0.536 | $1.833 |
| REGIONS BANK | $11.206 | $2.519+ | $2.419 |
| RBS (CITIZENS BANK) | $9.243 | $0.863 | $0.935 |
| FIFTH THIRD BANK | $12.985 | $1.730 | $2.231 |
| ING BANK | $8.664 | $1.1210+ | $0.090 |
| KEYBANK | $9.672 | $2.999+ | $0.887 |
| UNION BANK | $8.268 | $0.199 | $0.686 |
| SOVEREIGN | $7.984 | $1.535+ | $0.384 |
| MANUFACTS & TRADERS | $5.653 | $1.524+ | $0.544 |
| COMPASS BANK | $5.084 | $0.646 | $1.267 |
| BANK OF THE WEST | $6.404 | $1.297+ | $0.455 |
| COMERICA | $6.118 | $0.994+ | $0.637 |
| HUNTINGTON NATIONAL | $3.957 | $1.478+ | $0.519 |
| BMO HARRIS BANK | $4.286 | $1.391+ | $0.459 |
| E* TRADE BANK | $3.342 | $0.283+ | $0.003 |
| NEW YORK COMMUNITY | $3.204 | $0.6849+ | $0.220 |
| CITIZENS BANK-PA | $2.838 | $0.3471+ | $0.090 |
| FIRST NIAGARA BANK | $2.054 | $0.3796+ | $0.292 |
| AMERICAN EXPRESS | $5.925 | $0.1126+ | $0.001 |
| SYNOVUS BANK | $2.845 | $0.252 | $0.492 |
| RBC BANK | $2.922 | $0.6996+ | $0.347 |
| FIRST TENNESSEE BANK | $3.075 | $0.5673+ | $0.330 |
| PEOPLE’S UNITED | $2.652 | $0.293 | $0.323 |
| FIRST REPUBLIC BANK | $2.231 | $0.4324+ | $0.103 |
| CITY NAT’L BEVERLY | $1.820 | $0.1383+ | $0.126 |
| EAST WEST PASADENA | $1.916 | $0.104 | $0.116 |
*+ 26 OR 68% OF ABOVE BANKS HAVE MORE CAPITAL INVESTED IN CASH VALUE LIFE INSURANCE THAN BANK PREMISES AND OTHER FIXED ASSETS COMBINED. MOST MAJOR DEPOSITORY BANKS HAVE SIGNIFICANT HOLDINGS IN CASH VALUE LIFE INSURANCE. ©Barry James Dyke, Castle Asset Management, LLC. 2011, All Rights Reserved
