TABLE A-7
                                                       TRUST ASSETS BY STATE
                                                         DECEMBER 31, 1999
                                                       (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             0           0             0              0              0
NON-INT BEARING DEPOSITS-OTHER INSTITUTIONS   2              0             0           0             0              0              0
INTEREST-BEARING DEPOSITS-OWN INSTITUTION     3          1,586           123           0             0            901          2,610
INTEREST-BEARING DEPOSITS-OTHER INSTITUTIONS  4          3,709            68           0             0         10,120         13,897
U.S. GOVERNMENT AND AGENCY OBLIGATIONS        5        152,792         2,953           0             0         51,012        206,757
STATE, COUNTY AND MUNICIPAL OBLIGATIONS       6         34,180         1,768           0             0         20,861         56,809
MONEY MARKET MUTUAL FUNDS                     7          3,006             0           0             0            231          3,237
OTHER SHORT TERM OBLIGATIONS                  8          2,490             0           0             0              0          2,490
OTHER NOTES AND BONDS                         9         38,434           658           0             0          8,958         48,050
COMMON AND PREFERRED STOCKS                  10        164,489         2,252           0             0        118,806        285,547
REAL ESTATE MORTGAGES                        11              0             0           0             0              0              0
REAL ESTATE                                  12              0             0           0             0              0              0
MISCELLANEOUS ASSETS                         13          3,876           186           0             0          1,367          5,429
                                                 -----------------------------------------------------------------------------------
TOTAL DISCRETIONARY ASSETS                   14        404,562         8,008           0             0        212,256        624,826
TOTAL NUMBER OF DISCRETIONARY ACCOUNTS       15         18,473            12           0             0             62         18,547
                                                 -----------------------------------------------------------------------------------
TOTAL NON-DISCRETIONARY ASSETS               16        937,736         2,496           0             0        395,140      1,335,372
TOTAL NUMBER OF NON-DISCRETIONARY ACCOUNTS   17          8,158            15           0             0            268          8,441
                                                 -----------------------------------------------------------------------------------
TOTAL ASSETS                                 18      1,342,298        10,504           0             0        607,396      1,960,198
TOTAL NUMBER OF ACCOUNTS                     19         26,631            27           0             0            330         26,988
                                                 -----------------------------------------------------------------------------------
                                                                                         NUMBER OF REPORTING INSTITUTIONS:       5