TABLE A-7
                                                       TRUST ASSETS BY STATE
                                                         DECEMBER 31, 2000
                                                       (DOLLARS IN THOUSANDS)
                                                            PUERTO RICO
                                                            TRUSTS AND ESTATES                       AGENCIES
                                              I  ---------------------------------------------- ------------------------------------
                                              T       EMPLOYEE      PERSONAL     ESTATES      EMPLOYEE         ALL             TOTAL
              ASSET CATEGORY                  E       BENEFIT       TRUSTS                    BENEFIT          OTHERS
                                              M  -----------------------------------------------------------------------------------
NON-INT BEARING DEPOSITS-OWN INSTITUTION      1              0            40           0             0              0             40
NON-INT BEARING DEPOSITS-OTHER INSTITUTIONS   2              0             0           0             0              0              0
INTEREST-BEARING DEPOSITS-OWN INSTITUTION     3            833             0           0             0             78            911
INTEREST-BEARING DEPOSITS-OTHER INSTITUTIONS  4              2             6           0             0          4,446          4,454
U.S. GOVERNMENT AND AGENCY OBLIGATIONS        5        140,461         4,335           0             0         73,888        218,684
STATE, COUNTY AND MUNICIPAL OBLIGATIONS       6         28,875         1,642           0             0         14,860         45,377
MONEY MARKET MUTUAL FUNDS                     7            623           541           0             0          1,798          2,962
OTHER SHORT TERM OBLIGATIONS                  8          5,800           125           0             0              0          5,925
OTHER NOTES AND BONDS                         9         35,977             0           0             0         17,326         53,303
COMMON AND PREFERRED STOCKS                  10        142,064         1,635           0             0         48,971        192,670
REAL ESTATE MORTGAGES                        11              0             0           0             0              0              0
REAL ESTATE                                  12              0             0           0             0              0              0
MISCELLANEOUS ASSETS                         13            694            28           0             0          3,165          3,887
                                                 -----------------------------------------------------------------------------------
TOTAL DISCRETIONARY ASSETS                   14        355,329         8,352           0             0        164,532        528,213
TOTAL NUMBER OF DISCRETIONARY ACCOUNTS       15         18,183            11           0             0             80         18,274
                                                 -----------------------------------------------------------------------------------
TOTAL NON-DISCRETIONARY ASSETS               16      1,467,808       469,757           0             0        910,445      2,848,010
TOTAL NUMBER OF NON-DISCRETIONARY ACCOUNTS   17          8,489            14           0             0            247          8,750
                                                 -----------------------------------------------------------------------------------
TOTAL ASSETS                                 18      1,823,137       478,109           0             0      1,074,977      3,376,223
TOTAL NUMBER OF ACCOUNTS                     19         26,672            25           0             0            327         27,024
                                                 -----------------------------------------------------------------------------------
                                                                                         NUMBER OF REPORTING INSTITUTIONS:       6