Publisher's Synopsis
Excerpt from Proposed Mellon-Dreyfus Merger: Hearings Before the Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce, House of Representatives, One Hundred Third Congress, Second Session; March 2 and 3, 1994
As the sec will testify today, bank mutual fund activity is rap idly increasing with assets in such funds increasing 29 percent since December 31, 1992, and a greater role for banks in selling mutual fund shares to the public. Many experts suggest that other large banks are watching the mellon-dreyfus transaction to see if and how they can climb aboard the bandwagon.
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