TAX-EXEMPT INDUSTRIAL POLLUTION CONTROL FINANCING (1974)

6.33 Lazard Freres.
6. 345 Blyth Eastman Dillon.
5. 89

Do.
6. 30 Smith, Barney; Goldman, Sache.
6.024 Morgan Stanley.
6.165 Blyth Eastman Dillon; Goldman, Sachs; Bur-

rows, Smith.
5. 161 Morgan Stanley.
5. 133 Boettcher.
6.165 Blyth Eastman Dillon; Goldman, Sachs; Bur-

rows, Smith.
6.165 Do.
6.11 McDonald.
6. 027 Goldman, Sachs.
6. 8988 Dillon, Read; Reynolds Securities, Syndicate

managers.
5. 87 Smith, Barney.
6.035 First Boston; Sterne, Agee & Leach.
5. 988 Goldman, Sachs.
6.44 White, Weld; Blyth Eastman Dillon.
6.25 Blyth Eastman Dillon.
5. 99 Sterne, Agee & Leach.
6.22 Smith, Barney group.
5. 9756 Merrill Lynch.
6.31 Blyth Eastman Dillon and Associates.
6.24 First Boston; Blyth Eastman Dillon; Dean Witter

and Associates.
5.936 Blyth Eastman Dillon; Boettcher and Associates.
6. 206 Dillon, Read Municipals; Harris, Upham; Loewi;

Thomson & McKinnon, Auchincloss, Kohl-
meyer; Hayden, Stone; Ergood; Rauscher

Pierce; Austin Tobin; Zahner; W. H. Mell.
6.00 Seattle-First National.

NA Mellon Bank and Associates.

NA Morgan Guaranty; Mellon Bank.
6.21 Blyth Eastman Dillon and Associates.
6.42 Blyth Eastman Dillon.
7.06 Kuhn, Loeb.
6. 45 Lehman; Kidder, Peabody.
7.26 L. F. Rothschild; E. F. Hutton; Hayden, Stone;

Van Kampen, Waterlek & Brown; Columbian

Securities. 5. 94 Morgan Stanley.

Pueblo Co., Ariz.
27 Mo. Env. Improv. Auth.

Colorado Public Service.
Union Electric

Apr. 1 Chelan Co. Port Dist., Wash.

Port of Everett, Wash

Port of Vancouver, Wash.
3 Bryant, III.
5 Marshall Co., W. Va.

Selma IDB, Ala.
9 Sweetwater Co., Wyo..
19 III. Ind. Pol. Cont. Fin. Agency.

Alcoa
Scott Paper.
Alcoa
Central III. Light.
PPG Industries.
Interlake
FMC.
Illinois Cement (Centex).

3,800
22, 800
14,000
25,000
6,240
5,500
7,600
2,500

24 East Baton Rouge, La.

Exxon.

110,000 Apr. 25 Calif. Pol. Cont. Fin. Auth. May 9 Lower Neches Valley Auth., Tex.

15 III. Ind. Pol. Cont. Fin. Agency. 22 Calif. Pol. Cont. Fin. Auth

23 Monroe Co., Mich.. June 1 Ohio AQDA..

6 Harrison Co., Miss..

11 N.Y.S. Atomic & Space Dev. Auth-
19 III. Ind. Pol. Cont. Fin. Authority
20 Nueces Co. Nav. Dist. No. 1, Tex.
24 Washington Co., Miss.

25 Pasco Co., Fla...
July 2 St. Bernard Par., La..

3 R.I. Ind. Facil. Corp

Spartanburg Co., S.C..
9 Gulf Coast Waste Disp. Auth., Tex
11 Do.

St. Lawrence Co. IDA, N.Y.
18 Calif. Pol. Cont. Fin. Agency -
19 Beaver Co. IDA. Pa.

Morton Co., N.D.
24 St. Clair Co., Mich.

30 Jacksonville Port Auth., Fla.
Aug. 1 Brewton IDB, Ala.

13 Ohio AQDA.

Fibreboard.
Mobil.
Illinois Power
Atlantic Richfield
Detroit Edison...
Chromalloy American
Mississippi Power
Niagara Mohawk Power
Commonwealth Edison
Central P. & L.
Mississippi P. & L.
Florida Power.
Tenneco..
American Hoechst.

do..
Tenneco
Houston P. & L.
Alcoa
SoCal Edison
Duquesne Light.
Montana-Dakota Utilities
Detroit Edison..
St. Regis Paper
T. R. Miller
Interlake

13, 300 38, 400

8,500
13, 460
22, 550

1,500
17,500
46, 600
35,000
9, 825
9, 400
10, 575
5, 380
11, 500
8,500
1, 800
18,000
10, 400
15, 030
14,000

4, 800
13,000
13, 500

600
4, 600

6. 74 Lehman; Blyth Eastman Dillon.
5. 96 Morgan Stanley.
6.64 First Boston.
6.30 Smith, Barney; Blyth Eastman Dillon.
7.61 Morgan Stanley; Blyth Eastman Dillon; Lehman.
6. 75 First National Bank in St. Louis.
NA Morgan Stanley; Howard, Weil, Labouisse

Friedrichs.
8. 066 Salomon Brothers.
6.571 First Boston and Associates.
7.18 Blyth Eastman Dillon and Associates.
7.562 Kidder, Peabody.
7.306 Kidder, Peabody; Blyth Eastman Dillon.

NA Thornton, Farish & Gauntt.
7.9476 First Boston.
7. 8617 Do.
7.86 Underwood, Heuhaus.
7.44 Morgan Stanley; Dean Witter.

NA Bankers Trust.
7.0865 First Boston; Blyth Eastman Dillon.
8.055 Goldman, Sachs and Associates.
7.95

Do.
7.99 Morgan Stanley; Blyth Eastman Dillon; Lehman,
7.58 Blyth Eastman Dillon and Associates.

NA Robinson-Humphrey.
7.99 Kuhn, Loeb; A. C. Becker; Halsey, Stuart; Ohio

Co,; Paine, Webber, Jackson & Curtis; Prescott

Ball Turben. 7.91 Kidder, Peabody; First Boston and Associates.

NA Chase Manhattan Bank. 8. 08 Goldman, Sachs and Associates. 8.08

Do.
8.94 Salomon; A. G. Becker; Halsey, Stuart; Horn-

blower & Weeks; E. F. Hutton; Merrill Lynch;
John Nuveen; Paine, Webber; Reynolds;
Bacon, Whipple; Channer Newman; Van

Kampen.
7.38 White, Weld; Thornton, Farish & Gauntt.
8. 57 Kidder, Peabody and Associates.
6.5 Morgan Guaranty; First National City Bank;

South Carolina National Bank; Citizens &

Southern Bank.
7.692 Goldman, Sachs; Lazard Freres and Associates.
7.875 Goldman, Sachs.
8.07 Blyth Eastman Dillon; J. J. B. Hilliard, W. L.

Lyons and Associates.
8. 043 Blyth Eastman Dillon; Merrill Lynch; Juran &

Moody and Associates. 7.70 Goldman, Sachs; Lazard Freres.

TAX-EXEMPT INDUSTRIAL POLLUTION CONTROL FINANCING (1974)Continued

Do.

Oct. 16 Conn. Dev. Auth.

17
22 Beaver Co. IDA, Pa.

Bedford Co. IDÁ, Va.
Bradley, Wisc.
Chicago Heights, III.
Kokomo, Ind..

Luzerne Co. IDA, Pa.
31 Titus Co. Fresh Water Supply Dist. No. 1, Tex.

Tuscaloosa IDB, Ala.
Nov. 1 Ohio AQDA.

4 Adams Co., Miss
13 Jefferson Co. IDA, N.Y.
14 Gulf Coast Waste Disp. Auth., Tex.
19 Calsasieu Par. IDB, La.
20 Bastrop IDB, La..
21 Calif. Pol. Cont. Fin. Auth,

Childersburg IDB, Ala.
22 New Hampshire IDA.
26 Baltimore, Md.
27 York Co. IDA, Va..

Owens-Illinois.
Southwestern Electric
Gable Industries.
J. E. Baker
International Paper..
St. Regis Paper
Champion International.
Gulf States Utilities
International Paper..
Allied Chemical
Kimberly-Clark_
Brown
Allied Chemical
Virginia E. & P.

$4,500
5,000
7,000
5, 300
3,000

900
2, 750
1,000
12, 515
2,250

760
29, 000
7,000
7,400
20,000
7,000
2,500
35,000
18,000
4, 300
29, 500

NA Chase Manhattan.

NA Morgan Stanley.
8. 468 Goldman, Sachs and Associates.
8.03 Lazard Freres; Goldman, Sachs and Associates,
8.03

Do.
8.03

Do. 9.15 Blyth Eastman Dillon; E. F. Hutton and Asso

ciates.
8.03 Lazard Freres; Goldman, Sachs and Associates.
7.953 Merrill Lynch and Associates.

NA Reynolds Securities.
7.25 Philadelphia National Bank.
7.46 First Boston and Associates.
8.0022 White, Weld.
7.94 Goldman, Sachs; Blyth Eastman Dillon,
7.83 Blyth Eastman Dillon.
7.71 Morgan Stanley and Associates.
7.23 Loeb Rhoades; Lazard Freres; Lehman.
7.59 Morgan Stanley and Associates.
9. 1411 Kidder, Peabody.
7.15 Alex. Brown.
8.5879 Wheat; Lehman; Blyth Eastman Dillon and

Associates.

7.75 Bank of America.
8. 22 Blyth Eastman Dillon; First Boston.
7.42 Loeb, Rhoades; Lazard Freres; Lehman.
9.059 Goldman, Sachs; Sterne, Agee & Leach; Howard,

Weil, Labouisse Friedrichs and Associates.
8.004 Goldman, Sachs; Thornton, Farish & Gauntt and

Associates.
7.9621 Lazard Freres; Lehman; Loeb, Rhoades and

Associates.
8.074 Blyth Eastman Dillon; Juran & Moody and

Associates.
7.4398 Lazard Freres; Lehman; Loeb, Rhoades and

Associates.
8. 147 Kidder, Peabody and Associates.

NA Chase Manhattan.
7.931 Blyth Eastman Dillon; Merrill Lynch; Boettcher

and Associates.
8. 08 Lazard Freres; Goldman, Sachs.

NA Thornton, Farish & Gauntt.
7.975 Goldman, Sachs; J. C. Bradford.
6. 503 Goldman, Sachs and Associates.
9.2317 Kidder, Peaboby; Blyth Eastman Dillon and

Associates.
9. 32 Blyth Eastman Dillon; Wheat, First Securities and

Associates.
7.00

National City Bank, Cleveland.
7.00

Do.
7.98 Alex. Brown and Associates.

50,000

Mr. MAZOTTI. Now, before I let Mr. Aldrich cover a couple of examples, I want to give you one example which was given to me this morning. It happened to be one of our Bank of America customers of long standing, 40 years, called the James E. O'Connell Co., an apple producer north of San Francisco.

On October 25, 1973, the California Water Quality Control Board ordered him to comply with State standards for a water discharge into a local creek that went into a river nearby. In order to comply, he had to purchase equipment which cost $200,000. He attempted for over a period of time to arrange financing. He was unable. Just before the start of the apple season, the order was to either put the equipment in or he could not operate. He came to our bank. We were unable to do anything except overdraw his commercial account in the amount of $200,000, with which he purchased the equipment and commenced the processing.

Later, after examining the equipment, the board decided that $125,000 in additional money would have to be spent on backup equipment to improve the quality of the discharged water. Soon after,