BENCHMARKS REPORT

Industry Measure: Business Segment Data
| SIC: | 6021 |
| INDUSTRY: | NATIONAL COMMERCIAL BANKS |
| BENCHMARKS FOR THE INDUSTRY |
| NO. OF SEGMENTS REPORTING IN THE INDUSTRY: 2 |
|
1997 SALES FOR THE INDUSTRY: $ 210 (Total Sales in $Millions) |
|
OPERATING MARGIN: 20.4 (Allocated Operating Profits (divided by) Segment Sales) |
|
ASSET INTENSITY: 583.5 (Allocated Assets (divided by) Segment Sales) |
|
SALES GROWTH: 3.4 (Compound 3-Year Growth Rate in Sales for the Median Participant in the Industry) |
| BENCHMARKS FOR THE TOP FOUR COMPETITORS |
| ROA: Allocated Operating Profits (divided by) Allocated Operating Assets |
| Competitor/Rank by Sales |
Market Share (% Ind. Sales) |
ROA |
| #1: PENNEY (J C) CO |
78.2 | 3.9 |
| #2: LEUCADIA NATIONAL CORP |
21.8 | 2.2 |
| #3: NA |
NA | NC |
| #4: NA |
NA | NC |
| Total of #1-4: | 100.0 | 3.5 |