In 1993, the last year for which full earnings are published, the company and its subsidiaries reported a profit of about $50 million.

Each subsidiary reports that it "has been assured by the parent" that "all such advances are applied in compliance with the indenture."

The automotive subsidiary, as well as Chrysler's finance company and its research and technology unit, will report to that office.

G.M.'s non-automotive subsidiaries reported profits of $616.4 million, about equal to those in the period last year.

Separately, G.M.'s three nonautomotive subsidiaries all reported improved financial results for the third quarter.

Texas Air said both major subsidiaries reported heavy losses.

Assuming the 16.1 percent tax rate that G.E.'s financial subsidiary recently reported, the $300 million gain drops to $250 million.

In their early years, the company's subsidiaries reported strong profits.

On the same day that the offer was made, the subsidiary reported higher first-half profits, which the directors thought would have sent the shares up anyway.

Already, the Japanese subsidiary of Citibank is reporting a large increase in its deposits.