APPENDIX A-3 LEADING 25 MANAGING UNDERWRITERS OF MUNICIPAL ISSUES, 19701 Firm Chase Manhattan Bank. Halsey Stuart & Co. First National City Bank. Bankers Trust Co. Lehman Bros. Bank of America.. Blyth & Co., Inc.. Nuveen & Co., John Smith Barney & Co. First National Bank of Chicago. Kidder, Peabody*. Harris Trust & Savings. Northern Trust Co.. duPont F. I., Glore Forgan Morton & Co. W. H. (equit. sec.). Drexel Firestone Inc.. Cont. II. N/B & Tr. Co.. White Weld & Co.. Eastman Dillon.. First of Michigan Corp. United California Bank. Dillon Read not qualified for listing 4 1 Represents distributed or proportionate management credit. That is, the value of each issue managed or comanaged is credited proportionately to each comanager, the proportion being determined by the number of firms in the management group. 1 Represents distributed or proportionate management credit. That is, the value of each issue managed or comanaged is credited proportionately to each comanager, the proportion being determined by the number of firms in the management group. 2 Includes F. I. duPont, Glore Forgan Staats, A. C. Allyn. *Firms selected as managing underwriters for Postal Service bond issue. APPENDIX A-7 RANKINGS OF UNDERWRITING FIRMS ON BASIS OF TOTAL DOLLAR AMOUNT OF PUBLIC OFFERINGS OF TAXABLE SECURITIES MANAGED OR COMANAGED* Hon. RICHARD NIXON, APPENDIX A-8 CONGRESS OF THE UNITED STATES, President of the United States, The White House, Washington, D.C. DEAR MR. PRESIDENT: The undersigned are proud to have played active roles in the long and difficult legislative battle to achieve passage of the Postal Reform Act of 1970. We have high hopes that this Act will in time bring savings, efficiency and better postal service to the American people. We are most anxious that this new postal service succeed and that it meet the expectations which led us to fight for its creation. Our pleasure at the enactment of this legislation is tempered, however, by our realization that the approach taken toward operational aspects of the new postal service will largely determine whether the enterprise succeeds or fails. We write this letter to underline our joint concern about risks and pitfalls which need to be avoided as the transition is made to the new system. We believe that many features of that system will require close attention in the coming months, but our object in writing to you at this time is to discuss the new Postal Rate Commission. Mr. President, we recognize the large and important role played in our society by independent regulatory commissions. Some have earned |