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/FIRST AND FINAL ADD -- BANKERS TRUST NEW YORK EARNINGS/

 /FIRST AND FINAL ADD -- NY035 -- BANKERS TRUST NEW YORK EARNINGS/
 BANKERS TRUST NEW YORK CORPORATION AND SUBSIDIARIES
 Financial Statistics
 ($ in millions, except per share data)
 (Unaudited)
 Third
 Fourth Quarter Quarter Year
 1991 1990 1991 1991 1990
 Net income $137 $123 $185 $667 $665
 Per common share
 Net income $1.57 $1.40 $2.17 $7.75 $7.80
 Cash dividends declared $.70 $.635 $.635 $2.605 $2.3825
 Book value (A) $34.93 $30.70 $34.35
 Profitability ratios (pct)
 Return on average common
 stockholders' equity 17.61 17.92 25.26 23.10 26.74
 Return on average total
 assets .82 .77 1.27 1.09 1.04
 Net interest revenue
 (fully taxable basis) $177 $193 $174 $769 $848
 Average rates (fully taxable
 basis) (pct)
 Yield on interest-earning
 assets 7.68 9.53 7.85 8.24 9.86
 Cost of interest-bearing
 liabilities 6.97 9.02 7.13 7.49 9.33
 Interest rate spread .71 .51 .72 .75 .53
 Net interest margin 1.24 1.38 1.40 1.46 1.48
 Average balances
 Loans $18,170 $20,606 $18,045 $19,075 $21,202
 Total interest-earning
 assets $56,503 $55,564 $49,412 $52,808 $57,264
 Total assets $66,148 $63,415 $57,839 $61,255 $64,110
 Total interest-bearing
 liabilities $52,173 $50,169 $44,766 $47,834 $51,422
 Common stockholders'
 equity $2,906 $2,502 $2,780 $2,740 $2,371
 Total stockholders'
 equity $3,406 $3,002 $3,280 $3,240 $2,759
 At end of period
 Cash basis loans
 Refinancing country $ 279 $ 522 $ 288
 Highly leveraged 559 497 527
 Secured by real estate 575 401 586
 Real estate related 104 58 146
 Other 233 286 222
 Total cash basis
 loans $1,750 $1,764 $1,769
 Renegotiated loans
 Venezuelan government
 Par Bonds $249 $249 $249
 Mexican government
 Par Bonds 611 611 611
 Highly leveraged 31 - 32
 Total renegotiated
 loans $891 $860 $892
 Other nonperforming assets
 Other real estate $255 $ 92 $179
 Other assets 62 32 71
 Total other nonper-
 forming assets $317 $124 $250
 Common stockholders' equity
 to total assets (pct) 4.55 3.97 4.55
 Total stockholders' equity
 to total assets (pct) 5.33 4.76 5.35
 Risk-based capital ratios
 (1992 year-end guidelines)
 (pct) (B)
 Tier 1 Capital 6.10 5.43 6.05
 Total Capital 10.90 10.03 10.92
 Leverage Ratio (B) (pct) 5.15 4.49 5.55
 Employees 12,088 13,315 12,148
 (A) -- This calculation includes common shares issuable under deferred stock awards.
 (B) -- Amounts at Dec. 31, 1991 are preliminary.
 BANKERS TRUST NEW YORK CORPORATION AND SUBSIDIARIES
 Consolidated Statement of Income
 (In millions, except per share data)
 (Unaudited)
 three months ended dec. 31 1991 1990 increase
 (decrease)
 NET INTEREST REVENUE
 Interest revenue $1,085 $1,323 $(238)
 Interest expense 917 1,141 (224)
 Net interest revenue 168 182 (14)
 Provision for credit losses 75 73 2
 Net interest revenue after
 provision for credit losses 93 109 (16)
 NONINTEREST REVENUE
 Trading account 157 136 21
 Foreign exchange trading 50 91 (41)
 Fiduciary and funds management 139 123 16
 Fees and commissions 135 127 8
 Investment securities gains (losses) 20 (1) 21
 Other 70 55 15
 Total noninterest revenue 571 531 40
 NONINTEREST EXPENSES
 Salaries 151 157 (6)
 Incentive compensation and
 employee benefits 107 121 (14)
 Occupancy, net 52 42 10
 Furniture and equipment 32 36 (4)
 Other 166 169 (3)
 Total noninterest expenses 508 525 (17)
 Income before income taxes 156 115 41
 Income taxes 19 (8) 27
 NET INCOME $ 137 $ 123 $ 14
 NET INCOME APPLICABLE
 TO COMMON STOCK $ 129 $ 113 $ 16
 NET INCOME PER COMMON SHARE $1.57 $1.40 $.17
 CASH DIVIDENDS DECLARED
 PER COMMON SHARE $.700 $.635 $.065
 AVERAGE COMMON SHARES OUTSTANDING 82.233 80.873 1.360
 Year ended Dec. 31 1991 1990 Increase
 (Decrease)
 NET INTEREST REVENUE
 Interest revenue $4,322 $5,592 $(1,270)
 Interest expense 3,585 4,799 (1,214)
 Net interest revenue 737 793 (56)
 Provision for credit losses 238 194 44
 Net interest revenue after
 provision for credit losses 499 599 (100)
 NONINTEREST REVENUE
 Trading account 957 601 356
 Foreign exchange trading 272 425 (153)
 Fiduciary and funds management 567 468 99
 Fees and commissions 511 559 (48)
 Investment securities gains 46 20 26
 Other 169 254 (85)
 Total noninterest revenue 2,522 2,327 195
 NONINTEREST EXPENSES
 Salaries 606 612 (6)
 Incentive compensation and
 employee benefits 630 586 44
 Occupancy, net 175 147 28
 Furniture and equipment 128 138 (10)
 Other 648 628 20
 Total noninterest expenses 2,187 2,111 76
 Income before income taxes 834 815 19
 Income taxes 167 150 17
 NET INCOME $ 667 $ 665 $ 2
 NET INCOME APPLICABLE
 TO COMMON STOCK $ 633 $ 634 $ (1)
 NET INCOME PER COMMON SHARE $7.75 $7.80 $(.05)
 CASH DIVIDENDS DECLARED
 PER COMMON SHARE $2.6050 $2.3825 $.2225
 AVERAGE COMMON SHARES OUTSTANDING 81.688 81.280 .408
 BANKERS TRUST NEW YORK CORPORATION AND SUBSIDIARIES
 Consolidated Balance Sheet
 ($ in millions, except par value)
 (Unaudited)
 Dec. 31,
 1991 1990
 ASSETS
 Cash and due from banks $ 1,747 $ 4,149
 Interest-bearing deposits with banks 4,577 4,593
 Federal funds sold 18 742
 Securities purchased under resale agreements 7,593 3,903
 Trading account assets 23,580 17,228
 Investment securities 6,516 7,030
 Loans 17,047 21,474
 Allowance for credit losses (1,806) (2,169)
 Premises and equipment, net 678 706
 Due from customers on acceptances 275 742
 Accrued interest receivable 678 746
 Other assets 3,056 4,452
 Total assets $63,959 $63,596
 LIABILITIES
 Deposits
 Noninterest-bearing
 In domestic offices $ 3,399 $ 6,189
 In foreign offices 643 896
 Interest-bearing
 In domestic offices 5,782 6,910
 In foreign offices 13,010 14,593
 Total deposits 22,834 28,588
 Securities sold, not yet purchased 3,788 3,927
 Securities sold under repurchase agreements 12,343 7,849
 Other short-term borrowings 13,052 12,731
 Acceptances outstanding 275 742
 Accrued interest payable 347 444
 Other liabilities 4,827 3,641
 Long-term debt 3,081 2,650
 Total liabilities 60,547 60,572
 STOCKHOLDERS' EQUITY
 Preferred stock 500 500
 Common stock, $1 par value
 Authorized, 300,000,000 shares
 Issued: 1991, 82,859,170 shares;
 1990, 81,914,571 shares 83 82
 Capital surplus 1,262 1,224
 Retained earnings 1,743 1,329
 Common stock in treasury, at cost:
 1991, 440,500 shares; 1990, 990,741 shares (20) (38)
 Other (156) (73)
 Total stockholders' equity 3,412 3,024
 Total liabilities and
 stockholders' equity $63,959 $63,596
 BANKERS TRUST NEW YORK CORPORATION AND SUBSIDIARIES
 Consolidated Statement of Changes in Stockholders' Equity
 (In millions)
 (Unaudited)
 Year ended Dec. 31 1991 1990
 Preferred Stock
 Balance, Jan. 1 $ 500 $ 250
 Preferred stock issued - 250
 Balance, Dec. 31 500 500
 Common Stock
 Balance, Jan. 1 82 82
 Common stock issued under employee
 benefit plans 1 -
 Balance, Dec. 31 83 82
 Capital Surplus
 Balance, Jan. 1 1,224 1,227
 Preferred stock issuance costs - (3)
 Common stock issued under employee
 benefit plans 38 -
 Balance, Dec. 31 1,262 1,224
 Retained Earnings
 Balance, Jan. 1 1,329 896
 Net income 667 665
 Cash dividends declared
 Preferred stock (34) (32)
 Common stock (214) (193)
 Treasury stock distributed under employee
 benefit plans (5) (7)
 Balance, Dec. 31 1,743 1,329
 Common Stock in Treasury, at cost
 Balance, Jan. 1 (38) (31)
 Purchases of stock (35) (44)
 Restricted stock granted, net 14 19
 Treasury stock distributed under employee
 benefit plans 39 18
 Balance, Dec. 31 (20) (38)
 Common Stock Issuable - Stock Awards
 Balance, Jan. 1 45 -
 Cumulative deferred stock balance
 at Dec. 31, 1990 - 45
 Deferred stock awards granted, net 18 -
 Deferred stock distributed (21) -
 Balance, Dec. 31 42 45
 Deferred Compensation - Stock Awards
 Balance, Jan. 1 (36) (17)
 Cumulative deferred stock balance
 at Dec. 31, 1990 - (13)
 Deferred stock awards granted, net (17) -
 Restricted stock granted, net (17) (15)
 Amortization of deferred compensation, net 24 9
 Balance, Dec. 31 (46) (36)
 Cumulative Translation Adjustments
 Balance, Jan. 1 (92) (21)
 Translation adjustments (77) (71)
 Balance, Dec. 31 (169) (92)
 Equity Securities Valuation Allowance
 Balance, Jan. 1 10 -
 Cumulative unrealized net gains, after
 applicable income taxes and minority
 interest, at Dec. 31, 1990 - 10
 Change in unrealized net gains, after applicable
 income taxes and minority interest 7 -
 Balance, Dec. 31 17 10
 TOTAL STOCKHOLDERS' EQUITY, DEC. 31 $3,412 $3,024
 BANKERS TRUST NEW YORK CORPORATION AND SUBSIDIARIES
 Consolidated Schedule of Allowance for Credit Losses
 ($ in millions)
 (Unaudited)
 Periods ended Three Months Year
 Dec. 31 1991 1990 1991 1990
 BALANCE, BEGINNING OF PERIOD $1,804 $2,179 $2,169 $2,732
 Net charge-offs
 Charge-offs (88) (88) (487) (489)
 Recoveries 20 11 49 57
 Total net charge-offs (A) (68) (77) (438) (432)
 Losses on sales and swaps
 of refinancing country loans (5) (6) (163) (325)
 Total net charges to the
 allowance (73) (83) (601) (757)
 Provision for credit losses 75 73 238 194
 BALANCE, DEC. 31 $1,806 $2,169 $1,806 $2,169
 Ratio of allowance to total
 loans at Dec. 31 (pct) 10.59 10.10
 (A) -- Components:
 Refinancing country $ 9 $ (2) $(200) $(238)
 Highly leveraged (9) (50) (63) (126)
 Secured by real estate (11) (4) (61) (17)
 Real estate related (8) (1) (40) (11)
 Other (49) (20) (74) (40)
 Total $(68) $(77) $(438) $(432)
 -0- 1/27/92 AA NY035
 /END FIRST AND FINAL ADD/
 (BT) CO: Bankers Trust New York Corporation ST: New York IN: FIN SU: ERN


GK -- NY035A -- 3681 01/27/92 11:14 EST
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