The Committee on Governmental Affairs has previously issued committee prints dealing with reports on corporate ownership and control collected by Federal regulatory agencies. These publications, along with the "Corporate Disclosure" hearings held in 1974, have been useful in consideration or adoption of improved reporting requirements at some of the regulatory commissions, and in providing the Congress with information not otherwise available. The subcommittee staff and contractor, Corporate Data Exchange, Inc., have identified major stockvoters in 122 corporations. None of the commission now have such information. It will be useful to them in improving their own reporting requirements and evaluating statutes and regulations. It will also be useful to the Congress, inasmuch as major voting interests in many of these corporations have not been previously identified, despite efforts of various committees. This study will be useful to the subcommittee and to the Judiciary Subcommittee on Citizen and Shareholder Rights and Remedies, which plan joint hearings during the second session of the 95th Congress regarding related matters. The comprehensive survey of the exercise of voting rights by institutional investors just completed by Julius W. Allen, consultant to the Congressional Research Service of the Library of Congress, will also be useful to Congress and the regulatory commissions. Therefore I request that these two studies be published as a one-volume committee print. Very/truly yours, La Mataif (III) 145 67 Insurance and investment companies, foundations, endowments, pen- sion funds and other investors___ Chart I-Division of stock voting authority in U.S. corporations___. Stockholders whose situation requires elaboration: Brokerage firms-why their holdings are not included___ Depository Trust Co. (Cede & Co.) -DTC does not vote stock it Preferred stockholders have full voting rights in almost one-fifth of Table II-23 corporations in which preferred stock has full voting Extent of inclusion of preferred stockvoters in this study- Three levers of control-the Rockefeller-Eastern Airlines Inc. illustration_ Investor interlocks through subsidiaries-the Kirby-Alleghany-IDS illus- Transmittal letter to Chairman Lee Metcalf from President Mike Locker, Corporate Data Exchange Inc., Nov. 14, 1977__. Methodology used by Corporate Data Exchange, Inc., and subcommittee American Broadcasting Companies Inc. American Electric Power Inc____ Thirteen corporations in which a family group has more than 10 percent voting rights____ 252 Nineteen corporations in which an institutional investor has more than 5 percent voting rights_ 254 Twenty-four corporations in which five or fewer investors have more than 10 percent voting rights___ 255 Morgan Guaranty's dominant position_ 257 Table III-Extent of stockvoter interests of 21 major investors in the 122 corporations studied. 258 Chart II-Number of Corporations in Which 21 Leading Investors Rank 259 Banks' control of other banks' stock.... 260 Table IV-Banks' voting rights in other banks__ 260 Table V-182 identified investors among five top stockvoters in one or |