Vol. 8 No. 3 - Article II - Published: February 1996 - Market Share by the Numbers - Foot Notes
Reps and Warranties
by Penelope Moreland-Gunn, Pete J. Elmer and Timothy J. Curry
Footnote 1
FFIEC, Consolidated Reports of Condition and Income - Instructions. The 1995 instructions are
more specific than the 1994 instructions concerning some of the items that should be included.
Footnote 2
Lipper Analytical Services, Inc., which is a major user of the methodology described in this
paragraph, classifies Brown Brothers, Harriman a private banking firm, as a bank-related entity.
Because Brown Brothers is not a national or state-chartered bank, they do not file Call Reports,
thereby resulting in another source of variation across studies.
Footnote 3
Because many banks and thrifts that are not affiliated with Mellon Bank offer Dreyfus funds to their
customers, these sales will be double counted in the Call Report data.
.
Footnote 4
The total of all mutual fund and annuity (1995 first-quarter annuity sales totaled $3,907,084,000;
second-quarter annuity sales totaled $3,909,466) sales that were of proprietary products. These data
were not reported in 1994.
