KEY TO ROSTER--The corporate name of each company is followed by its founding or incorporation date in parentheses. Sales figures have been confined as closely as possible to operating revenues. They include equity in earnings of joint venture corporations as reported, but exclude nonoperating revenue such as dividends and gains from the sale of real estate. Income figures are given before extraordinary items. Related income-per-share figures are fully diluted when available and are based on average shares outstanding during the year, or the number of shares outstanding at year-end, depending on the company's accounting method. Sales and income figures are given for the year-end 1986 or fiscal year ended on or before February 28, 1987 followed in parentheses by sales and income figures, respectively, for the prior reporting period. Where preliminary figures have been made available, they have been so noted. Dividend figures (when paid) are reported for common stock shares. Asset figures are given as of the final day of the year covered by sales and income figures. The term "1986 Rank" indicates the rank of the company in the 1986 Los Angeles Times Roster. The 1986 Roster was published June 8, 1986 and used figures for years ended most recently prior to March 31, 1986. The abbreviation NYSE, ASE, PSE and OTC indicate listing/trading on the New York, American and Pacific stock exchanges or trading on the over-the-counter market. The various categories of companies have been ranked on the following basis: industrial firms by sales/revenues; merchandising firms by sales; transportation firms and utilities by revenues; and financial institutions and insurance firms by assets.
1 BankAmerica Corp. (1968) Bank holding company whose principal asset is Bank of America National Trust & Savings Assn. (see banks). BankAmerica subsidiaries engage in commercial lending; mortgage banking; marketing and distribution services for travelers cheques issued by BankAmerica; credit-related life and disability insurance; investment advisory services; corporate and institutional trust services; and venture capital advisory services. Assets: $104.19 billion year-end 1986 ($118.54 billion in 1985). Net income: loss of $518.0 million or $3.74 a share (loss of $337.0 million or $2.68). Employees: total 68,500; California 49,360. Headquarters: 555 California St., San Francisco 94104. Chairman and chief executive: A.W. Clausen. 1986 rank: 1. NYSE, PSE
2 Security Pacific Corp. (1971) Major subsidiary is Security Pacific National Bank (see banks). Other subsidiaries, domestic and international (over 1,100 offices), specialize in consumer and commercial finance, discount brokerage, mortgage banking, leasing, venture capital, pension fund management, investment banking, merchant banking, insurance, bond brokerage and other financial services. Assets: $62.61 billion year-end 1986 ($53.50 billion in 1985). Net income: $385.9 million or $4.86 a share ($322.8 million or $4.35). Employees: total 35,100; California not available. Headquarters: 333 S. Hope St., Los Angeles 90071. Chairman and chief executive: Richard J. Flamson III. President: George F. Moody. 1986 rank: 2. NYSE, PSE
3 First Interstate Bancorp (1957) Owns 24 banks with 976 offices in 12 western states and 33 offices overseas. Franchising has extended First Interstate's territory to Alaska, Hawaii, Iowa, Indiana, North Dakota and Wisconsin. Other subsidiaries engage in bank card operations, capital markets, data processing services, discount brokerage services, investment counseling, merchant banking, mortgage banking and venture capital. Assets: $55.42 billion year-end 1986 ($48.99 billion in 1985). Net income: $337.9 million or $7.13 a share ($313.1 million or $6.64). Employees: total 35,410; California 16,000. Headquarters: 707 Wilshire Blvd., Los Angeles 90017. Chairman and chief executive: Joseph J. Pinola. President: Edward M. Carson. 1986 rank: 3. NYSE, PSE
4 Wells Fargo & Co. (1969) Bank holding company which owns Wells Fargo Bank National Assn. (see banks), Wells Fargo Ag Credit, Wells Fargo Business Credit, Wells Fargo Credit Corp., Wells Fargo Investment Advisors, Wells Fargo Leasing Corp., Wells Fargo Realty Advisors and Central Western Insurance Co. Assets: $44.58 billion year-end 1986 ($29.43 billion in 1985). Net income: $273.5 million or $5.03 a share ($190.0 million or $4.15, restated). Per share figures reflect two-for-one stock split in January 1987. Employees: total 21,500; California not available. Headquarters: 420 Montgomery St., San Francisco 94163. Chairman and chief executive: Carl E. Reichardt. President: Paul Hazen. 1986 rank: 4. NYSE, PSE