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F ed er a l R eser ve Ba n k DALLAS, TEXAS of Dallas 75222 Circular No. 73-91 April 27, 1973 HEARINGS ON APPLICATIONS TO ENGAGE IN INSURANCE AGENCY ACTIVITIES To All Banks, Bank Holding Companies and Others Concerned in the Eleventh Federal Reserve District: The Board of Governors of the Federal Reserve System announced April 19, 1973 a schedule of hearings, established by Administrative Judge Paul N. Pfeiffer, on applications by bank holding companies to engage in insurance agency activities. All the hearings 'will be open to the public. They will be conducted by Judge Pfeiffer, who was designated as hearing officer in the matter by the Civil Service Commission. Requests for the hearings were received from insurance agents and agencies, and organi zations representing them, asserting that they would be adversely affected by permitting bank holding companies to acquire or establish insurance agencies. Final decision on the applications will be made by the Board, after considering the record and recommendations of the hearing officer. The schedule of hearings follows: Week of June 11 -- Federal Reserve Branch, Jacksonville, Florida. Applicants are Barnett Banks of Florida, Jacksonville, Florida (two applications); Chase Manhattan Corporation, New York; Palmer Bank Corporation, Sarasota, Florida; and Pan American Bancshares, Miami, Florida. Week of June 2^ -- Federal Reserve Bank of Atlanta. Appli cants are The Alabama Financial Group, Inc., Birmingham, Alabama; First National Holding Corporation, Atlanta, Georgia; and Citizens and Southern Holding Company, Atlanta, Georgia. Week of July 9 -- Federal Reserve Board, Washington, D. C. Applicants are Worcester Bancorporation, Inc., Worcester, Massachusetts; Chase Manhattan Corporation, New York; Pittsburgh National Corporation, Pittsburgh, Pennsylvania; and Dominion Bankshares Corporation, Roanoke, Virginia. This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org) - 2- The following assignments are tentative: Week of September 10 -- Federal Reserve Bank of St. Louis. Applicants are Financial Development Corporation, Southaven, Mississippi County National Bancorporation, Clayton, Missouri; and NBC Company, Lincoln, Nebraska. Colorado. Colorado. Week of September 17 -- Federal Reserve Branch, Denver, Applicant is The First National Bancorporation, Denver, Week of September 2k — San Diego, California. Applicants are Patagonia Corporation, Tucson, Arizona; and Southern California First National Corporation, San Diego, California. Week of September 27 -- Federal Reserve Branch, Seattle, Washington. Applicants are Orbanco, Inc., Portland, Oregon; and Marine Bancorporation, Seattle, Washington. The exact time and place of each hearing will be designated by Judge Pfeiffer. This information will be available at the Federal Reserve Bank or Branch involved. Yours very truly, P. E. Coldwell, President
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