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To: tonto who wrote (1590)	3/30/1999 1:32:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 1979

In fact a large part of BankBoston's reputation in corporate America is based on their expertise throughout South America. Citibank is also pretty big, especially in Brazil. When I was with Citi we were earning as much as 1/6 of total bank earnings in Brazil. As management put, Citi was a bigger part of the Brazilian economy than the US economy. Yes, typically foreign banks have a corresponding with a number of banks. Also corresponding relationships are not exclusively for foreign banks. Corresponding banking used to be a very big deal in the US. When I got into banking US banks would have corresponding relationships with banks in other states.

To: tonto who wrote (1590)	3/30/1999 4:09:00 PM
From: Mike Parker	Respond to of 1979

Chase Manhattan is also a US bank that has a presence in Brazil. Chase Manhattan agrees to purchase Brazilian bank Abstracted from Wall Street Journal 01/08/99 Banco Patrimonio Participacoes (Sao Paulo, Brazil), an investment bank, will be acquired by Chase Manhattan Corp (New York) from holding company Patrimonio Participacoes in a deal whose terms were not revealed. The acquisition will add new types of services Chase had not previously offered in that country and includes all uses of the Patrimonios name, although some activities will remain with the holding company.