Morgan Guaranty Trust Company

Morgan Guaranty Trust Company

 

one of the fore-most joint-stock banks in the United States.

Founded in New York in 1861 as J. P. Morgan and Company, the bank emerged as the financial headquarters of the Morgan group. In 1959 it merged with the Guaranty Trust Company of New York, founded in New York in 1864 and also controlled by the Morgan family. Through a system of interlocking directorates the bank maintains close ties with major concerns in various branches of industry, transportation, and the service sector.

The bank deals primarily with major corporations. It has four affiliates in the United States, all in New York. Outside the country it has 13 branches and six correspondent agencies, as well as 13 subsidiaries for long-term financing and trust operations. The bank has maintained ties for many years with Morgan Grenfell and Company, Ltd., in England. Morgan Guaranty Trust has capital holdings in such multinational banks as the Neue Bank of Zurich and the Australia United Corporation of Melbourne, as well as in many foreign banks.

The bank’s total balance as of Dec. 31, 1973, was $20.4 billion; deposits, $15.4 billion; capital and reserves, $1.1 billion; loans, $10.5 billion; and securities, $2.5 billion.

E. D. ZOLOTARENKO

References in periodicals archive ?
Prior to Arbor Realty Trust, he held leadership positions at Banque Indosuez, Chemical Bank and Morgan Guaranty Trust Company of New York.
The DIP financing, which is being provided by a bank group led by Morgan Guaranty Trust Company of New York, will be used, along with cash flows, to fund Vencor's operations during its restructuring.
Other banks participating in the credit facility include Morgan Guaranty Trust Company of New York; Comerica Bank, Illinois; Bank of America, Illinois; First Union National Bank of Florida; The Bank of New York and The Northern Trust Company.
Bankruptcy Court in Delaware to approve an agreement for debtor-in-possession (DIP) financing with a bank group led by Morgan Guaranty Trust company of New York.
as arranger, Morgan Guaranty Trust Company of New York as agent, and Bankers Trust Company, Chemical Bank, and Credit Suisse as co-agents.
In the case of 30 West Broadway, the owners faced a grim situation with the impending departure of their sole tenant, Morgan Guaranty Trust Company, the need for millions in renovations, stiff rental competition and the prospect of losing as much as $40 million over the next few years if things didn't improve.
He joined Morgan Guaranty Trust Company in 1972 as assistant treasurer in the Corporate Finance Division, and, while on leave from Morgan Guaranty, served from 1972 to 1973 on the staff of the Council on International Economic Policy, Executive Office of the President, in Washington, D.
IBM Corporation, GenCorp and Morgan Guaranty Trust Company of New York, he was named "Young Real Estate Man of the Year" in 1988 by the Young Men's/Women's Real Estate Association of New York, InC.
BOSS Cayman utilizes a credit default swap with Morgan Guaranty Trust Company (MGT) to obtain leveraged exposure to the high yield loan portfolio.
agent for the consortium; The Bank of Tokyo Trust Company; Chemical Bank; Dresdner Bank AG; The First National Bank of Chicago; Morgan Guaranty Trust Company of New York; NBD Bank, N.
Major corporate supporters include Morgan Guaranty Trust Company of New York, The Fuji Bank and Trust Company, Apple Bank for Savings and The East New York Savings Bank.
Morgan Guaranty Trust Company of New York is the agent and Canadian Imperial Bank of Commerce is the co-agent and security agent for the $125 million bank facility.