THE BIGGEST FEDERATED AND ALLIED CREDITORS
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CINCINNATI — Bankruptcy filings released Tuesday provided a 6,000-page look at the crushing debts plaguing Campeau Corp.’s department stores, listing billions of dollars owed to 50,750 creditors ranging from Wall Street bankers to underwear makers.
The bankruptcy petition by Campeau divisions Federated Department Stores and Allied Stores listed $9.1 billion in total assets and $7.7 billion in total liabilities.
The biggest listed creditors were mostly banks and Wall Street investment firms, some of which played roles in helping Campeau expand into a retailing giant. However, while some listed as creditors owned the bonds, others were only holding them in trust for investors.
Here are the 20 largest bondholders as listed by Federated and Allied. They did not differentiate between actual unsecured creditors and banks or financial institutions that are acting as custodians for the actual bond creditors.
Federated Department Stores Inc.
1. First Boston, $428.8 million
2. State Street Bank-Custodian, care of Independent Election Corp. of America, $159.9 million
3. Manufacturers Hanover Trust, $108.3 million
4. PaineWebber Funding, $96.1 million
5. Campeau Corp., $75 million
6. Security Pacific National Bank, $57.5 million
7. Dillon, Read Interfunding, $48 million
8. First National Bank of Boston, $44 million
9. Shawmut Bank-MFD, $42.6 million
10. First Bank National Assn., $42 million
11. Boston Safe Deposit & Trust, care of Independent Election Corp. of America, $41.9 million
12. Bank of New York, $36.5 million
13. Norwest Bank Minnesota, $33.1 million
14. State Street Bank-MFS, care of Independent Election Corp. of America, $33 million
15. First Fidelity Bank (N.J.), care of Independent Election Corp. of America, $26 million
16. Morgan Guaranty Trust, $21.1 million
17. Merrill Lynch, Pierce Fenner & Smith, $19.4 million
18. Irving Trust, $18.8 million
19. National Westminster Bank (N.J.), $18 million
20. Bankers Trust, $17 million
Allied Stores Corp.
1. Campeau Corp., $100 million
2. First Boston, $97.5 million
3. Manufacturers Hanover Trust, $38.4 million
4. Irving Trust, $36.9 million
5. Security Pacific National Bank, $35.6 million
6. Northern Trust Co.-Trust, care of Independent Election Corp. of America, $35.1 million
7. State Street Bank-Custodian, care of Independent Election Corp. of America, $34.4 million
8. First Bank National Assn., care of First Trust, $33.7 million
9. Bankers Trust Corporate Securities Services, $33.6 million
10. Chase Manhattan Bank, $31 million
11. Shawmut Bank-MFD, $26 million
12. Bank of America, $23.3 million
13. Morgan Guaranty Trust, $21.5 million
14. First National Bank of Boston, $21 million
15. Boston Safe Deposit & Trust, $21 million
16. National Westminster Bank (N.J.), $20.4 million
17. Oppenheimer & Co., care of Independent Election Corp. of America, $20.1 million
18. Shearson Lehman Hutton, $16.2 million
19. Bank of New York, $10 million
20. IDS Bank & Trust, $9.5 million
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