UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 12/31/99
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one):
|_| is a restatement.
|_| adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: KBW Asset Management, Inc.
Address: Two World Trade Center, 85th Floor
New York, New York 10048
Form 13F File Number: 28-
The institutional investment manager filing this report and
the person by whom it is signed hereby represent that the
person signing the report is authorized to submit it, that all
information contained herein is true, correct and complete,
and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager:
Reporting Manager:
Name: Michael T. O'Brien
Title: President
Phone: 212-432-4502
Signature, Place, and Date of Signing:
Michael T. O'Brien
[Signature]
New York, New York
[City, State]
January 20, 2000
[Date]
Report Type (Check only one):
|X| 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
|_| 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting managers(s).)
|_|13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
-1-
<PAGE>
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 274
Form 13F Information Table Value Total: $107,298,000 (thousands)
List of Other Included Managers: None
-2-
<PAGE>
KBW ASSET MANAGEMENT, INC.
holdings @ 12/31/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------------
5TH 3RD BANC FEB 75 3167730BO -20,000 -77 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
5TH 3RD BANC FEB 75 3167730BO -7,000 -27 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
5TH 3RD BANC FEB 75 3167730BO -3,000 -12 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
5TH 3RD BANC FEB 75 3167730BO -5,000 -19 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
ACM INSTITUTIONAL RESERVES Common Stock A000156 5,057,000 5,057,392 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
ACM INSTITUTIONAL RESERVES Common Stock A000156 24,057,000 24,056,676 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP Common Stock 20002101 188,000 7,800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP Common Stock 20002101 431,000 17,900 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP Common Stock 20002101 168,000 7,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
ALLSTATE CORP Common Stock 20002101 128,000 5,300 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO Common Stock 25816109 582,000 3,500 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO Common Stock 25816109 116,000 700 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN EXPRESS CO Common Stock 25816109 166,000 1,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN FINANCIAL HLDGS INC Common Stock 26075101 336,000 26,750 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN FINANCIAL HLDGS INC Common Stock 26075101 771,000 61,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN FINANCIAL HLDGS INC Common Stock 26075101 310,000 24,700 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN FINANCIAL HLDGS INC Common Stock 26075101 10,000 800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN FINANCIAL HLDGS INC Common Stock 26075101 151,000 12,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMERICAN FINANCIAL HLDGS INC Common Stock 26075101 231,000 18,350 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMERN EXPRESS JAN 140 0258160AH -95,000 -35 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMERN EXPRESS JAN 140 0258160AH -19,000 -7 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMERN EXPRESS JAN 140 0258160AH -27,000 -10 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMSOUTH BANCORPORATION Common Stock 32165102 501,000 25,950 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMSOUTH BANCORPORATION Common Stock 32165102 1,650,000 85,423 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMSOUTH BANCORPORATION Common Stock 32165102 565,000 29,250 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
AMSOUTH BANCORPORATION Common Stock 32165102 264,000 13,657 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
1
<PAGE>
KBW ASSET MANAGEMENT, INC.
holdings @ 12/31/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
AMSOUTH BANCORPORATION Common Stock 32165102 403,000 20,856 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BANK CP FEB 45 6934750NI -32,000 -132 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BANK CP FEB 45 6934750NI -11,000 -46 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BANK CP JAN 42.5 6934750MV -6,000 -66 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BANK CP JAN 42.5 6934750MV -2,000 -22 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BANK CP JAN 42.5 6934750MV -1,000 -10 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BANK CP JAN 42.5 6934750MV -2,000 -16 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BANKNORTH GROUP INC NEW-DEL Common Stock 06646L100 198,000 7,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BANKNORTH GROUP INC NEW-DEL Common Stock 06646L100 542,000 20,250 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BANKNORTH GROUP INC NEW-DEL Common Stock 06646L100 187,000 7,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BANKNORTH GROUP INC NEW-DEL Common Stock 06646L100 88,000 3,300 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BANKNORTH GROUP INC NEW-DEL Common Stock 06646L100 136,000 5,100 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BLACKROCK INC CL A Common Stock 09247X101 507,000 29,500 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BLACKROCK INC CL A Common Stock 09247X101 1,238,000 72,050 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BLACKROCK INC CL A Common Stock 09247X101 389,000 22,650 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BLACKROCK INC CL A Common Stock 09247X101 26,000 1,500 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BLACKROCK INC CL A Common Stock 09247X101 227,000 13,200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
BLACKROCK INC CL A Common Stock 09247X101 351,000 20,450 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MAR 40 14040H0CH -62,000 -60 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MAR 40 14040H0CH -174,000 -170 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MAR 40 14040H0CH -68,000 -66 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE JAN 45 14040H0MI -6,000 -45 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MAR 45 14040H0OI -44,000 -136 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE MAR 45 14040H0OI -31,000 -94 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 2,337,000 48,500 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 352,000 7,300 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 525,000 10,900 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
2
<PAGE>
KBW ASSET MANAGEMENT, INC.
holdings @ 12/31/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 949,000 19,700 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CAPITAL ONE FINANCIAL CORP Common Stock 14040H105 1,219,000 25,300 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CCB FINANCIAL CORP Common Stock 124875105 664,000 15,250 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CCB FINANCIAL CORP Common Stock 124875105 1,762,000 40,450 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CCB FINANCIAL CORP Common Stock 124875105 627,000 14,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CCB FINANCIAL CORP Common Stock 124875105 78,000 1,800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CCB FINANCIAL CORP Common Stock 124875105 294,000 6,750 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CCB FINANCIAL CORP Common Stock 124875105 455,000 10,450 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CENTURA BANKS INC Common Stock 15640T100 549,000 12,450 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CENTURA BANKS INC Common Stock 15640T100 446,000 10,100 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CENTURA BANKS INC Common Stock 15640T100 203,000 4,600 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CENTURA BANKS INC Common Stock 15640T100 256,000 5,800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CENTURA BANKS INC Common Stock 15640T100 128,000 2,900 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHARTER ONE FINANCIAL INC Common Stock 160903100 769,000 40,187 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHARTER ONE FINANCIAL INC Common Stock 160903100 1,201,000 62,814 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHARTER ONE FINANCIAL INC Common Stock 160903100 478,000 25,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHARTER ONE FINANCIAL INC Common Stock 160903100 235,000 12,312 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHARTER ONE FINANCIAL INC Common Stock 160903100 355,000 18,584 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN CORP NEW Common Stock 16161A108 606,000 7,800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN CORP NEW Common Stock 16161A108 1,663,000 21,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN CORP NEW Common Stock 16161A108 590,000 7,600 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN CORP NEW Common Stock 16161A108 268,000 3,450 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MANHATTAN CORP NEW Common Stock 16161A108 423,000 5,450 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MNHATN MAR 75 16161A0OO -36,000 -80 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MNHATN MAR 75 16161A0OO -12,000 -27 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MNHATN MAR 75 16161A0OO -6,000 -13 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE MNHATN MAR 75 16161A0OO -9,000 -20 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
3
<PAGE>
KBW ASSET MANAGEMENT, INC.
holdings @ 12/31/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CITY NATIONAL CORP Common Stock 178566105 107,000 3,250 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CITY NATIONAL CORP Common Stock 178566105 298,000 9,050 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CITY NATIONAL CORP Common Stock 178566105 102,000 3,100 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CITY NATIONAL CORP Common Stock 178566105 26,000 800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CITY NATIONAL CORP Common Stock 178566105 48,000 1,450 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CITY NATIONAL CORP Common Stock 178566105 74,000 2,250 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
COLONIAL BANCGROUP INC Common Stock 195493309 95,000 9,200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
COLONIAL BANCGROUP INC Common Stock 195493309 223,000 21,500 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
COLONIAL BANCGROUP INC Common Stock 195493309 44,000 4,200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
COLONIAL BANCGROUP INC Common Stock 195493309 66,000 6,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
COMERICA INC Common Stock 200340107 850,000 18,200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
COMERICA INC Common Stock 200340107 1,377,000 29,500 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
COMERICA INC Common Stock 200340107 565,000 12,100 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
COMERICA INC Common Stock 200340107 504,000 10,800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
COMERICA INC Common Stock 200340107 467,000 10,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
COMMERCIAL FEDERAL CORP Common Stock 201647104 489,000 27,450 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
COMMERCIAL FEDERAL CORP Common Stock 201647104 445,000 25,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
COMMERCIAL FEDERAL CORP Common Stock 201647104 217,000 12,200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CULLEN FROST BANKERS INC Common Stock 229899109 375,000 14,550 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CULLEN FROST BANKERS INC Common Stock 229899109 1,192,000 46,300 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CULLEN FROST BANKERS INC Common Stock 229899109 400,000 15,550 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CULLEN FROST BANKERS INC Common Stock 229899109 23,000 900 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CULLEN FROST BANKERS INC Common Stock 229899109 187,000 7,250 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
CULLEN FROST BANKERS INC Common Stock 229899109 285,000 11,050 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST SECURITY CORP-DEL Common Stock 336294103 539,000 21,100 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST SECURITY CORP-DEL Common Stock 336294103 952,000 37,300 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST SECURITY CORP-DEL Common Stock 336294103 207,000 8,100 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
4
<PAGE>
KBW ASSET MANAGEMENT, INC.
holdings @ 12/31/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FIRST SECURITY CORP-DEL Common Stock 336294103 419,000 16,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST TENN N JAN 30 3371620MF -22,000 -96 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST TENN N JAN 30 3371620MF -8,000 -33 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST TENN N JAN 30 3371620MF -3,000 -15 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST TENN N JAN 30 3371620MF -6,000 -24 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST TENNESSEE NATIONAL CORP Common Stock 337162101 613,000 21,500 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST TENNESSEE NATIONAL CORP Common Stock 337162101 1,693,000 59,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST TENNESSEE NATIONAL CORP Common Stock 337162101 580,000 20,350 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST TENNESSEE NATIONAL CORP Common Stock 337162101 276,000 9,700 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST TENNESSEE NATIONAL CORP Common Stock 337162101 425,000 14,900 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST UNION CORP Common Stock 337358105 198,000 6,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST UNION CORP Common Stock 337358105 537,000 16,300 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST UNION CORP Common Stock 337358105 188,000 5,700 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST UNION CORP Common Stock 337358105 87,000 2,650 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST UNION CORP Common Stock 337358105 135,000 4,100 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP JUN 22.5 33763V0RX -62,000 -177 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP JUN 22.5 33763V0RX -29,000 -84 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP JUN 22.5 33763V0RX -45,000 -129 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP JUN 22.5 33763V0RX -180,000 -515 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP WIS-NEW Common Stock 33763V109 258,000 12,200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP WIS-NEW Common Stock 33763V109 1,135,000 53,750 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP WIS-NEW Common Stock 33763V109 392,000 18,550 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP WIS-NEW Common Stock 33763V109 91,000 4,300 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FIRSTAR CORP WIS-NEW Common Stock 33763V109 140,000 6,650 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FLEETBOSTON JAN 35 3390300MG -16,000 -114 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FLEETBOSTON JAN 35 3390300MG -7,000 -54 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FLEETBOSTON JAN 35 3390300MG -45,000 -329 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
5
<PAGE>
KBW ASSET MANAGEMENT, INC.
holdings @ 12/31/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
FLEETBOSTON JAN 35 3390300MG -11,000 -81 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FLEETBOSTON FINL CORP Common Stock 339030108 289,000 8,300 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FLEETBOSTON FINL CORP Common Stock 339030108 1,692,000 48,600 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FLEETBOSTON FINL CORP Common Stock 339030108 587,000 16,850 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FLEETBOSTON FINL CORP Common Stock 339030108 174,000 5,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
FLEETBOSTON FINL CORP Common Stock 339030108 272,000 7,800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL ELECTRIC CO Common Stock 369604103 -325,000 -2,100 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
GENERAL ELECTRIC CO Common Stock 369604103 -93,000 -600 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
GOLDMAN SACH JAN 75 38141G0MO -1,000 -37 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
GOLDMAN SACH JAN 75 38141G0MO 0 -12 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
GOLDMAN SACH JAN 75 38141G0MO 0 -19 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
GOLDMAN SACH JAN 75 38141G0MO -2,000 -77 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
KEYCORP NEW Common Stock 493267108 516,000 23,300 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
KEYCORP NEW Common Stock 493267108 262,000 11,850 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
KEYCORP NEW JAN 22.5 4932670AX -23,000 -233 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
KEYCORP NEW JAN 22.5 4932670AX -12,000 -119 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
LIBERTY FINANCIAL COMPANIES Common Stock 530512102 356,000 15,500 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
LIBERTY FINANCIAL COMPANIES Common Stock 530512102 124,000 5,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
LIBERTY FINANCIAL COMPANIES Common Stock 530512102 14,000 600 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
LIBERTY FINANCIAL COMPANIES Common Stock 530512102 89,000 3,900 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
M & T BANK CORP COM Common Stock 55261F104 580,000 1,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
M & T BANK CORP COM Common Stock 55261F104 2,158,000 5,210 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
M & T BANK CORP COM Common Stock 55261F104 746,000 1,800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
M & T BANK CORP COM Common Stock 55261F104 352,000 850 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
M & T BANK CORP COM Common Stock 55261F104 551,000 1,330 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
MELLON FINL CORP Common Stock 58551A108 594,000 17,450 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
MELLON FINL CORP Common Stock 58551A108 1,638,000 48,100 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
6
<PAGE>
KBW ASSET MANAGEMENT, INC.
holdings @ 12/31/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MELLON FINL CORP Common Stock 58551A108 564,000 16,550 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
MELLON FINL CORP Common Stock 58551A108 266,000 7,800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
MELLON FINL CORP Common Stock 58551A108 409,000 12,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NATIONAL CITY CORP Common Stock 635405103 240,000 10,150 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NATIONAL CITY CORP Common Stock 635405103 214,000 9,050 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NATIONAL CITY CORP Common Stock 635405103 107,000 4,500 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NEUBERGER BERMAN INC Common Stock 641234109 408,000 16,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NEUBERGER BERMAN INC Common Stock 641234109 525,000 21,100 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NEUBERGER BERMAN INC Common Stock 641234109 358,000 14,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NEUBERGER BERMAN INC Common Stock 641234109 174,000 7,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NEUBERGER BERMAN INC Common Stock 641234109 179,000 7,200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NORTHERN TR JAN 40 6658590AH -27,000 -20 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NORTHERN TR JAN 40 6658590AH -44,000 -32 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NORTHERN TR JAN 42.5 6658590AV -114,000 -106 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NORTHERN TR JAN 42.5 6658590AV -22,000 -20 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NORTHERN TR JAN 42.5 6658590AV -34,000 -32 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
NORTHERN TR JAN 40 6658590AH -144,000 -106 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PEOPLES HERITAGE FINL GROUP Common Stock 711147108 21,000 1,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PNC FINANCIAL CORP Common Stock 693475105 518,000 11,650 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PNC FINANCIAL CORP Common Stock 693475105 1,146,000 25,750 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PNC FINANCIAL CORP Common Stock 693475105 394,000 8,850 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PNC FINANCIAL CORP Common Stock 693475105 185,000 4,150 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PNC FINANCIAL CORP Common Stock 693475105 287,000 6,450 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PROSPERITY BANCSHARES INC Common Stock 743606105 10,000 600 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN CORP Common Stock 74406A102 487,000 5,350 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN CORP Common Stock 74406A102 1,111,000 12,200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN CORP Common Stock 74406A102 451,000 4,950 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
7
<PAGE>
KBW ASSET MANAGEMENT, INC.
holdings @ 12/31/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
PROVIDIAN CORP Common Stock 74406A102 219,000 2,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN CORP Common Stock 74406A102 328,000 3,600 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN FI JAN 90 B4406A0MR -29,000 -70 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN FI MAR 85 74406A0OQ -26,000 -34 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN FI MAR 95 74406A0OS -66,000 -50 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN FI MAR 95 74406A0OS -16,000 -12 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
PROVIDIAN FI MAR 95 74406A0OS -29,000 -22 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
RELIANCE BANCORP INC Common Stock 759451107 152,000 4,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
RELIANCE BANCORP INC Common Stock 759451107 319,000 9,250 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
RELIANCE BANCORP INC Common Stock 759451107 69,000 2,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
RELIANCE BANCORP INC Common Stock 759451107 107,000 3,100 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
STERLING BANCSHARES INC Common Stock 858907108 112,000 10,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
STERLING BANCSHARES INC Common Stock 858907108 189,000 16,900 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
STERLING BANCSHARES INC Common Stock 858907108 22,000 2,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
STERLING BANCSHARES INC Common Stock 858907108 53,000 4,700 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
STERLING BANCSHARES INC Common Stock 858907108 86,000 7,700 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANC APR 30 8660050PF -84,000 -259 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANC APR 30 8660050PF -29,000 -89 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANC APR 30 8660050PF -11,000 -33 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANC APR 30 8660050PF -17,000 -51 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP Common Stock 866005101 490,000 16,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP Common Stock 866005101 573,000 18,700 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP Common Stock 866005101 196,000 6,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP Common Stock 866005101 227,000 7,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUMMIT BANCORP Common Stock 866005101 240,000 7,850 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUNTRUST BK APR 70 8679140DN -16,000 -42 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUNTRUST BK APR 70 8679140DN -11,000 -28 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
8
<PAGE>
KBW ASSET MANAGEMENT, INC.
holdings @ 12/31/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SUPERIOR FINL CORP DEL Common Stock 868161100 223,000 20,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUPERIOR FINL CORP DEL Common Stock 868161100 345,000 31,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
SUPERIOR FINL CORP DEL Common Stock 868161100 100,000 9,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS REGIONAL BANCSHARES INC Common Stock 882673106 49,000 1,700 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS REGIONAL BANCSHARES INC Common Stock 882673106 187,000 6,450 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS REGIONAL BANCSHARES INC Common Stock 882673106 64,000 2,200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS REGIONAL BANCSHARES INC Common Stock 882673106 10,000 350 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS REGIONAL BANCSHARES INC Common Stock 882673106 30,000 1,050 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
TEXAS REGIONAL BANCSHARES INC Common Stock 882673106 45,000 1,550 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
Total 107,298,128.94
- ------------------------------------------------------------------------------------------------------------------------------------
TRAVELERS/AETNA PROPERTY Common Stock 893939108 57,000 1,650 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
TRAVELERS/AETNA PROPERTY Common Stock 893939108 128,000 3,750 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
TRAVELERS/AETNA PROPERTY Common Stock 893939108 50,000 1,450 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
TRAVELERS/AETNA PROPERTY Common Stock 893939108 39,000 1,150 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
TRIANGLE BANCORP INC - N.C. Common Stock 895835106 824,000 42,550 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
TRIANGLE BANCORP INC - N.C. Common Stock 895835106 263,000 13,550 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
U S BANCCORP MAR 22.5 9029730OX -15,000 -94 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
U S BANCCORP MAR 22.5 9029730OX -44,000 -270 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
U S BANCORP-DEL Common Stock 902973106 769,000 32,287 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
U S BANCORP-DEL Common Stock 902973106 1,153,000 48,409 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
U S BANCORP-DEL Common Stock 902973106 405,000 17,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
U S BANCORP-DEL Common Stock 902973106 357,000 14,981 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
U S BANCORP-DEL Common Stock 902973106 430,000 18,052 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
U S TREASURY NOTE SER F-2000 Common Stock 912827K43 1,000,000 1,000,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
U S TRUST CORP NEW Common Stock 91288L105 449,000 5,600 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
U S TRUST CORP NEW Common Stock 91288L105 1,046,000 13,050 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
U S TRUST CORP NEW Common Stock 91288L105 16,000 200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
9
<PAGE>
KBW ASSET MANAGEMENT, INC.
holdings @ 12/31/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
U S TRUST CORP NEW Common Stock 91288L105 192,000 2,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
U S TRUST CORP NEW Common Stock 91288L105 441,000 5,500 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
UCBH HOLDINGS INC Common Stock 90262T308 78,000 3,800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
UCBH HOLDINGS INC Common Stock 90262T308 85,000 4,150 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
UCBH HOLDINGS INC Common Stock 90262T308 21,000 1,000 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
UCBH HOLDINGS INC Common Stock 90262T308 37,000 1,800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
UCBH HOLDINGS INC Common Stock 90262T308 57,000 2,750 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON MUTUAL INC Common Stock 939322103 132,000 5,100 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON MUTUAL INC Common Stock 939322103 300,000 11,600 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON MUTUAL INC Common Stock 939322103 118,000 4,550 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON MUTUAL INC Common Stock 939322103 60,000 2,300 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WASHINGTON MUTUAL INC Common Stock 939322103 91,000 3,500 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WESTAMERICA APR 30 9570900PF -34,000 -105 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WESTAMERICA APR 30 9570900PF -12,000 -36 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WESTAMERICA APR 30 9570900PF -6,000 -17 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WESTAMERICA APR 30 9570900PF -8,000 -26 Put X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WESTAMERICA BANCORP Common Stock 957090103 52,000 1,850 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WESTAMERICA BANCORP Common Stock 957090103 584,000 20,900 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WESTAMERICA BANCORP Common Stock 957090103 201,000 7,200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WESTAMERICA BANCORP Common Stock 957090103 22,000 800 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WESTAMERICA BANCORP Common Stock 957090103 94,000 3,350 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WESTAMERICA BANCORP Common Stock 957090103 145,000 5,200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WILMINGTON TRUST CORP Common Stock 971807102 314,000 6,500 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WILMINGTON TRUST CORP Common Stock 971807102 885,000 18,350 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WILMINGTON TRUST CORP Common Stock 971807102 299,000 6,200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WILMINGTON TRUST CORP Common Stock 971807102 10,000 200 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
WILMINGTON TRUST CORP Common Stock 971807102 140,000 2,900 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
10
<PAGE>
KBW ASSET MANAGEMENT, INC.
holdings @ 12/31/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
(ITEM 1:) (ITEM 2) (ITEM 3) (ITEM 4) (ITEM 5) (ITEM 6) (ITEM 7) (ITEM 8)
INVESTMENT DISCRETION VOTING AUTHORITY
TITLE FAIR SHARES OR PUT/ SOLE SHARE-AS SHARED- SOLE SHARED NONE
OF MARKET PRINCIPAL CALL DEFINED IN OTHER
NAME OF ISSUER CLASS CUSIP NO. VALUE AMOUNT INSTR.V
(IN THOUSANDS) (A) (B) (C) (A) (B) (C)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
WILMINGTON TRUST CORP Common Stock 971807102 212,000 4,400 X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
ZIONS BANCOR APR 65 9897010DM -17,000 -63 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
ZIONS BANCOR APR 65 9897010DM -29,000 -112 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
ZIONS BANCOR APR 65 9897010DM -7,000 -25 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
ZIONS BANCOR APR 65 9897010DM -13,000 -50 Call X 0 0 X 0 0
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
11
