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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1982 No. 15) Actions of the Board; Applications and Reports Received During the Week Ending April 10, 1982 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Regulation J amendment that would require depository institutions that are closed on regular business days to pay that day far checks drawn on the closed i n s t i t u t i o n ; the Board asked for comment by May 20, 1982. (Docket No. R-0392) Kansas City Commerce Bank of Kansas City, N.A., Kansas C i t y , Missouri, application for permission to accept d r a f t s or b i l l s of exchange to an amount not exceeding 100 percent of the bank's capital and surplus. 1/ Chicago First Busey Corporation, Urbana, I l l i n o i s , extension of time to August 21, 1982, within which to acquire 100 percent of the voting shares of National Bank of Urbana, Urbana, I l l i n o i s . 1/ Kansas City First National Bank of Denver, Denver, Colorado, application f o r permission to accept drafts or b i l l s of exchange to an amount not exceeding 100 percent of the bank's capital and surplus. I j San Francisco First Pacific Bancorp, Inc., Los Angeles, C a l i f o r n i a , extension of time to July 11, 1982, within which t o become a bank holding company through acquisition of First Pacific Bank, Los Angeles, California. \J Atlanta Multi-Line, Inc., Tampa, Florida, extension of time to July 17, 1982, within which to acquire First Florida Banks, I n c . , Tampa, Florida. 1/ Boston North American Bancorporation, Inc., Wolcott, Connecticut, extension of time to July 3, 1982, within which to become a bank holding company through the acquisition of the North American Bank & Trust Company, Stratford, Connecticut. V Kansas City Plattevi!le Capital Corp., P l a t t e v i l l e , Colorado, extension of time to July 24, 1982, within which to acquire P l a t t e v i l l e State Bank, P l a t t e v i l l e , Colorado. V i T ' i p p T l c T t i o n processed on hehalf of the Board of Governors under delegated authority. H.2, 1982 No. 15 ACTIONS OF THE BOARD-Continued Boston State Street Boston Corporation, Boston, Massachusetts, extension of time to July 15, 1982, within which to acquire through a purchased stock option 16.6 percent of the voting shares of Worcester Bancorp, I n c . , Worcester, Massachusetts. 1/ Cleveland B r i d g e v i l l e Trust Company, B r i d g e v i l l e , Pennsylvania, an investment in bank premises. 1/ Da)las Central Bank, Monroe, Louisiana, extension of time to February 13, 1982, w i t h i n which to establish the proposed branch at 2211 Forsythe Avenue, Monroe, Louisiana. J./ Chicago Detroit Bank and Trust Company, D e t r o i t , Michigan, extension of time to August 16, 1982, w i t h i n which to establish a branch on the south side of Eight Mile Road, approximately 300 feet west of Haggerty Road, N o r t h v i l l e Township, Michigan. _!/ Richmond F i r s t V i r g i n i a Bank - Northern Neck, Colonial Beach, V i r g i n i a , an investment in bank premises. JJ Philadelphia Independent Bank and Trust Company, West Trenton, New Jersey, extension of time to October 6, 1982, w i t h i n which to establish the Mercer County Airport Branch, Ewing Township, New Jersey. 2 / New York Manufacturers and Traders Trust Company, Buffalo, New York, an additional investment in bank premises. If Cleveland Somerset Trust Company, Somerset, Pennsylvania, an investment :n bank premises, j / Chicago Avoca State Bank, Avoca, Iowa, proposed merger with ASB State Bank, Avoca, Iowa, under the charter of ASB State Bank, and t i t l e of The Avoca State Bank; report to the Federal Deposit Insurance Corporation on competitive factors, j / Chicago Central Finance National Bank of S t e r l i n g , S t e r l i n g , I l l i n o i s , proposed merger with The Central National Bank of S t e r l i n g , S t e r l i n g , I l l i n o i s , under the charter of Central Finance National Bank of S t e r l i n g , and t i t l e of The Central National Bank of S t e r l i n g ; report to the Comptroller of the Currency on competitive f ac to rs. 1/ San Francisco Frontier Bank, Everett, Washington, proposed acquisition of the assets and l i a b i l i t i e s of Bank of Arlington, Arlington, Washington; report to the Federal Deposit Insurance Corporation on competitive factors. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 15 - 3 ACTIONS OF THE BOARD-Continued Chicago Hancock County Bank & Trust, Greenfield, merger with Hancock State Bank, Willow the charter of Hancock State Bank, and & Trust; report to the Federal Deposit on competitive f a c t o r s . JL/ New York Inter-Community Bank, S p r i n g f i e l d , New Jersey, proposal t o purchase certain assets and assume certain l i a b i l i t i e s of the Whippany Branch of Security National Bank of New Jersey, Newark, New Jersey; report to the Federal Deposit Insurance Corporation on competitive fa cto rs. If Boston Liberty Bank f o r Savings, Middletown, Connecticut, proposal to merge with Willimatic Savings and Loan Association, Willimantic Connecticut; report to the Federal Deposit Insurance Corporation on competitive factors. _!/ Chicago Manchester State Bank, North Manchester, Indiana, proposed merger with Indiana Lawrence Bank & Trust Company, North Manchester, Indiana, under the charter of Manchester State Bank, and t i t l e of Indiana Lawrence Bank; report to the Federal Deposit Insurance Corporation on competitive fa cto rs. J / Atlanta National Bank of Georgia, Atlanta, Georgia, proposed merger with the Roswell Bank, Clairmont Road Branch, Atlanta, Georgia; report to the Comptroller of the Currency on competitive factors. 1/ San Francisco New Northwest Bank, Seattle, Washington, proposed merger with and into Northwest Bank, Seattle, Washington, under the charter and t i t l e of the l a t t e r ; report to the Federal Deposit Insurance Corporation on competitive factors. V Dallas North Austin State Bank, Austin, Texas, proposed merger with H i l l Country State Bank, Austin, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. \J Atlanta North Florida National Bank, Tallahassee, Florida, proposed merger with Marine State Bank, Tallahassee, Florida; report to the Comptroller of the Currency on competitive fa cto rs. 1J Chicago Parke State Bank, Rockville, Indiana, proposed merger with The Parke County Service Bank, Rockville, Indiana, under the charter of The Parke County Service Bank, and t i t l e of The Parke State Bank; report to the Federal Deposit Insurance Corporation on competitive factors. \J 1/ Indiana, proposed Branch, Indiana, under t i t l e of Hancock Bank Insurance Corporation Application processed on behalf of the Board of Governors under delegated authority. 1 H.2, 1982 No. 15 - 4 ACTIONS OF THE BOARD-Continued Dallas RepublicBank Lubbock, National Association, Lubbock, Texas, proposed merger with The Lubbock National Bank, Lubbock, Texas; report to the Comptroller of the Currency on competitive f act ors. \J Chicago Second Granville National Bank, Granville, I l l i n o i s , proposed merger with The Granville National Bank, Granville, I l l i n o i s , under the charter of The Second Granville National Bank, and t i t l e of The Granville National Bank; report to the Comptrol1 of the Currency on competitive factors. \ / St. I.ouis Selmer National Interim Bank, Selmer, Tennessee, proposal to merge with F i r s t National Bank of Selmer, Selmer, Tennessee; report to the Comptroller of the Currency on competitive f act ors. 1/ Atlanta Southeast Bank, N.A., Mi ami, Florida, proposed merger with the Firsi: Marion Bank, Ocala, Florida; report to the Federal Deposit Insurance Corporation on competitive factors. 1J 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 15 ACTIONS OF THE BOARD-Continued To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Cleveland Approved Somerset Trust Company, Somerset, Pennsylvania. To establish a branch at Route 601 North, R.D. #2, Somerset, Somerset County, Pennsylvania. 1/ New York Manufacturers and Traders Trust Company, Buffalo, New York. To establish an o f f s i t e electronic f a c i l i t y at Harriman Hall on the Main Street Campus of the State University of New York at Buffalo, City of Buffalo, Erie County, New York. 1/ Chicago Peoples Bank of Bloomington, Bloomington, I l l i n o i s . To establish an o f f s i t e electronic t e l l e r machine at the corner of Washington and Madison Streets, Bloomington, I l l i n o i s . 1/ San Francisco F i r s t Interstate Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a . A branch o f f i c e in the v i c i n i t y of the intersection of Citrus Avenue and East Valley Parkway, City of Escondido, San Diego County, C a l i f o r n i a . \J * * * * * To Become a Member of The Federal Reserve System Pursuant t o Section 9 of The Federal Reserve Act Richmond Approved The Bank of Alexandria, Alexandria, V i r g i n i a . J\J Atlanta City of Sarasota, Sarasota, Florida. 1/ * * * * * To Merge Pursuant to Section 18(c) of The Federal Deposit Insurance Act Philadelphia J_/ Approved The Bank of New Jersey, Camden, New Jersey, to merge with The Prospect Park National Bank, Wayne, New Jersey. _1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 Ho. 15 - 6 - ACTIONS OF THE BOARD-Continued Richmond Peoples Bank of Danville, Danville, V i r g i n i a , t o acquire certain assets and to assume substantially a l l of the l i a b i l i t i e s of Aquia Bank and Trust Company, S t a f f o r d , Virginia. \J Richmond First Virginia Bank, Falls Church, V i r g i n i a , t o merge with First Virginia Bank - Eastern, Warrenton, V i r g i n i a , and First Virginia Bank - Loudoun, Leesburg, V i r g i n i a . 1/ Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control- Act of 1978 Cleveland Not Disapproved Security Corporation of Kentucky, Lexington, Kentucky. 1/ Atlanta Florida National Banks of Florida, I n c . , Jacksonville, Florida. 1/ Kansas City Americorp, Shawnee, Oklahoma. 1/ Kansas City Gering National Company, Gering, Nebraska. 1J Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended New York Mew York Approved Banque De Paris Et Des Pays-Bas, Paris, France: requests agreement and consent of the Board to an agreement to limit the deposit-taking activities of a branch in Chicago, I l l i n o i s outside of its home State of New York, y Societe Generate, Paris, France: requests agreement and consent of the Board to an agreement to limit the deposit-taking activities of a branch in Los Angeles, California outside of i t s home State of New York, y T / A p p ! 1 c a t i o n processed on behalf of the Board of Governors under delegated authority. I H.2, 1982 No. 15 7 ACTIONS OF THE BOARD-Contir.ued To Establish a U.S. Branch of an Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act San Francisco Security Pacific National Bank, grants consent to establish a and t o change the location of Corporation, Security Pacific to Los Angeles. Los Angeles, C a l i f o r n i a : branch in Los Angeles, C a l i f o r n i a , the head o f f i c e of i t s Edge Act International Bank, from New York To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Chicago Cleveland Withdrawn Nawkeye Bancorporation, Des Moines, Iowa, f o r approval to acquire at least 80 percent of the voting shares of The F i r s t National Bank i n Humboldt, Humboldt, Iowa. If Approved F i r s t State Bancshares, I n c . , P i n e v i l l e , Kentucky, for approval to acquire at least 80 percent of the voting shares of F i r s t State Bank of P i n e v i l l e , P i n e v i l l e , Kentucky, y Richmond Citizens Bancorp, Riverdale, Maryland, for approval to acquire 100 percent of the voting shares of the successor by merger t o Citizens Bank and Trust Company of Maryland, Riverdale, Maryland. IJ R i chmond United Bancorp of Maryland, I n c . , Oxon H i l l , Maryland, f o r approval to acquire 100 percent of the voting shares of the successor by merger to United Bank and Trust Company of Maryland, Oxon H i l l , Maryland. IJ Atlanta Cairo Bancshares, I n c . , Cairo, Georgia, f o r approval to acquire at least 90 percent of the voting shares of Cairo Banking Company, Cairo, Georgia. \J Atlanta F i r s t Eastern Corporation, Kingsport, Tennessee, f o r approval to acquire 100 percent of the voting shares of F i r s t Eastern National Bank, Kingsport, Tennessee. \J Atlanta F i r s t National Bankshares, I n c . , Houma, Louisiana, f o r approval to acquire 100 percent of the voting shares of F i r s t National Bank of Houma, Houma, Louisiana. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2 1982 No. 15 8 - ACTIONS OF THE BOARD-Continued Atlanta Gulf Coast Holding Corp., Panama C i t y , Florida, f o r approval to acquire at least 80 percent of the voting shares of The F i r s t National Bank, Panama C i t y , Florida. 1/ Atlanta State National Corp.* New I b e r i a , Louisiana, for approval to acquire at least 80 percent of the voting shares of The State National Bank of New I b e r i a , New I b e r i a , Louisiana. 1/ Chicago OSWEGO BANCSHARES, INC., Oswego, I l l i n o i s , f o r approval to acquire 100 percent of the voting shares of the successor by merger to Oswego Community Bank, Oswego, I l l i n o i s . 1/ Chicago Williamsburg Holding Company, Omaha, Nebraska, for approval to acquire 82 percent or more of the voting shares of Security Savings Bank, Williamsburg, Iowa. J[J St. Louis Bancorp of Mississippi, I n c . , Tupelo, Mississippi, f o r approval to acquire at least 99.9 percent of the voting shares of Bank of Mississippi, Tupelo, Mississippi, j y St. Louis F i r s t National Bancshares, I n c . , Camdenton, Missouri, f o r approval to acquire 73 percent of the voting shares of F i r s t National Bank of Linn Creek Camdenton, Camdenton, Missouri. 1/ St. Louis NBC Bank Corp., El Dorado, Arkansas, f o r approval to acquire 100 percent of the voting shares of the successor by merger t o National Bank of Commerce of El Dorado, El Dorado, Arkansas. 1/ Minneapolis Baldy Bancshares, I n c . , Lyle, Minnesota, for approval to acquire at least 93.67 percent of the voting shares of Farmer's State Bank of Lyle, Lyle, Minnesota. _1/ Kansas City International Bancorp., Denver, Colorado, f o r approval to acquire at least 80 percent of the voting shares of International Bank, Denver, Colorado and Community Bank and Trust Company, Englewood, Colorado. \J Kansas City State Bancshares, I n c . , Benkelman, Nebraska, for approval to acquire at least 90 percent of the voting shares of State Bank of Benkelman, Benkelman, Nebraska. 1/ Dal las Frontier Bancshares, I n c . , Eagle Pass, Texas, for approval to acquire at least 80 percent of the voting shares of Frontier State Bank, Eagle Pass, Texas. 1/ Dal las Garrison Bancshares, I n c . , Garrison, Texas, f o r approval to acquire at least 80 percent of the voting shares of The Commercial State Bank, Garrison, Texas. 1/ \J Application processed on behalf of the Board of Governors under delegated authority. I H.2, 1982 No. 15 - 9 ACTIONS OF THE BOARD-Continued Dal las Stockmens Financial Corporation, C o t u l l a , Texas, f o r approval to acquire at least 80 percent of the voting shares of Stockmens National Bank i n C o t u l l a , C o t u l l a , Texas. 1/ Dallas Winnsboro Bancshares, Incorporated, Winnsboro, Louisiana, for approval to acquire 80 percent of the voting shares of Winnsboro State Bank & Trust Company, Winnsboro, Louisiana. l_f San Francisco Midland C a l i f o r n i a Holdings Limited, London, England, f o r approval to acquire a majority of the voting shares of Crocker National Corporation, San Francisco, C a l i f o r n i a , and i n d i r e c t l y acquire Crocker National Bank, San Francisco, C a l i f o r n i a . _!_/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act 1956 Richmond Richmond Richmond Withdrawn Equitable Bancorporation, Baltimore, Maryland, f o r approval to acquire 100 percent of the voting shares of Equitable Bank, National Association, Baltimore, Maryland, the successor by merger t o The Equitable Trust Company, Baltimore, Maryland and Columbia Bank and Trust Company, Columbia, Maryland. _1/ Equitable Bancorporation, Baltimore, Maryland, f o r approval to acquire 100 percent of the voting shares of Farmers and Merchants National Bank of Hagerstown, the successor by merger t o Farmers and Merchants Bank of Hagerstown, Hagerstown, Maryland. 1/ Approved F i r s t Maryland Bancorp, Maryland, f o r approval to acquire 100 percent of the voting shares of F i r s t Omni Bank, N.A., Mi 1Isboro, Delaware, a proposed new bank. 1/ Atlanta F i r s t Alabama Bancshares, I n c . , Montgomery, Alabama, f o r approval to acquire 100 percent of the voting shares of F i r s t Farmers and Merchants National Bank of Troy, Troy, Alabama. 1/ Chicago Hawkeye Bancorporation, Des Moines, Iowa, f o r aproval to acquire ANKENY BANCSHARES, INC., Ankeny, Iowa and thereby i n d i r e c t l y acquire 80.4 percent of the voting shares of Ankeny National Bank, Ankeny, Iowa, and d i r e c t l y acquire 19.6 percent of the voting shares of Ankeny National Bank, Ankeny, Iowa. 1/ l_/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 15 -10ACTIONS OF THE BOARD-Continued Dallas V i c t o r i a Bankshares, I n c . , V i c t o r i a , Texas, f o r approval to acquire 100 percent of the voting shares of The F i r s t National Bank of Gonzales, Gonzales, Texas. 1/ San Francisco Canadian Commercial Bank, Edmonton, Canada and CCB Bancorp, Los Angeles, C a l i f o r n i a , for approval to acquire 40 percent of the voting shares of Westlands Diversified Bancorp, I n c . , Santa Ana, C a l i f o r n i a and i n d i r e c t l y acquire 100 percent of the voting shares of Westlands Bank, Santa Ana, C a l i f o r n i a . 1/ To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 New York Approved Manufacturers Hanover Corporation, New York, New York, for approval to acquire certain assets of Indiana Financial, I n c . , M e r r i l l v i l i e , Indiana. 1J Dallas F i r s t National Bancorp, I n c . , Shreveport, Louisiana, for approval to acquire 100 percent of the voting shares of F i r s t Mortgage Corporation of Shreveport, Shreveport, Louisiana. \ j San Francisco Midland Calif ornia Holdings Limited, London, England, for approval to acquire i n d i r e c t l y voting shares of the following subsidiaries of Crocker: (1) Bishop Building Co., I n c . , Honolulu, Hawaii; (2) Bishop Trust Company, L t d . , Honolulu, Hawaii; (3) Hawaii Finance Company L t d . , Honolulu, Hawaii; (4) Miles Crossing L t d . , Honolulu, Hawaii; (5) CNC Insurance Agency I n c . , San Francisco, C a l i f o r n i a ; (6) Crocker Investment Management Corp., San Francisco, C a l i f o r n i a ; (7) Crocker Mortgage Investment Company, I n c . , Los Angeles, C a l i f o r n i a ; (8) Western Bradford Trust Company, San Francisco, C a l i f o r n i a ; (9) Crocker Holdings I n c . , Germantown, Tennessee. \J New York y Permitted The Chase Manhattan Corporation, New York, New York, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring, for i t s own account or for the account of others, loans and other extensions of credit such as would be made by a commercial finance, equipment finance or factoring company, including factoring accounts receivable, making advances and over-advances on receivables Application processed on behalf of the Board of Governors under delegated authority. 1 H.2, 1982 No. 15 - 11 - ACTIONS OF THE BOARP-Continued and inventory and business installment lending as well as unsecured commercial loans; servicing loans and other extensions of c r e d i t ; leasing personal property on a f u l l payout basis and in accordance with the Board's Regulation Y, or acting as agent, broker or advisor in so leasing such property, including the leasing of motor vehicles) at City Center Square, Suite 1300, 1100 Main Street, Kansas C i t y , Missouri, serving the States of I l l i n o i s , Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri and Wisconsin, through i t s subsidiary, Chase Commercial Corporation (4/4/82) j)/ New York C i t i c o r p , New York, New York, requests permission to engage in the following a c t i v i t i e s (the making of loans to foreign importers to finance purchases of goods and services of United States manufacture or o r i g i n and/or costs incidental thereto: foreign importers seeking loans would be referred to Citicorp Export Credit Corporation by Citibank overseas branch o f f i c e s or other financial i n s t i t u t i o n s , and such loans would be made or acquired by Citicorp Export Credit Corporation) at 399 Park Avenue, New York, New York, serving customers in foreign countries through i t s subsidiary, C i t i c o r p Export Credit Corporation (4/4/82) 3/ New York C i t i c o r p , New York, New York, requests permission to establish a de novo o f f i c e engaging in the following a c t i v i t i e s (the making or acquiring of loans and other extensions of c r e d i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory ( f l o o r planning) and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of c r e d i t related l i f e and accident and health or decreasing or level ( i n the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of consumer oriented financial management courses; the servicing for any person, of loans and other extensions of c r e d i t ; the issuing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s ; the service area of the subsidiary would be comprised of the e n t i r e State of C a l i f o r n i a ; credit related l i f e , accident s and health insurance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of Citicorp Person-to-Person T h r i f t Center, Inc.) at 119 North Central Avenue, Glendale, C a l i f o r n i a , through i t s subsidiary, C i t i c o r p Person-to-Person T h r i f t , Inc. (4/9/82) 3/ T/"TfcTf8l n o t i f i c a t i o n processed by Reserve Bank of behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 15 12 - ACTIONS OF THE BOARD-Continued Philadelphia Philadelphia National Corporation, Philadelphia, Pennsylvania, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (the o r i g i n a t i o n of FHA, VA and conventional residential mortgage loans) at 3600 Silverside Road, Wilmington, Delaware, serving the State of Delaware and in the Counties of Delaware and Chester i n the State of Pennsylvania, through i t s subsidiary, Colonial Mortgage Service Company Associates, Inc. (4/5/82) 3/ Atlanta Barnett Banks of F l o r i d a , I n c . , Jacksonville, Florida, not i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n o f f e r i n g from three additional o f f i c e s , check v e r i f i c a t i o n services, including authorizing subscribing merchants to accept c e r t a i n personal purchase money checks and obligating V e r i f i c a t i o n s , I n c . , t o purchase properly v e r i f i e d checks which are subsequently dishonored) in Jackson, Mississippi, an o f f i c e located in Knoxville, Tennessee and an o f f i c e located in Nashville, Tennessee, as well as from the principal o f f i c e of V e r i f i c a t i o n s , I n c . , located at 4160 Woodcock Drive, Suite 100, Jacksonville, F l o r i d a , and would be offered throughout the States of Mississippi and Tennessee, through a subsidiary, V e r i f i c a t i o n s , I n c . , (4/3/82) 3/ Chicago Harris Bankcorp, I n c . , Chicago, I l l i n o i s , n o t i f i c a t i o n of intent t o engage i n de novo a c t i v i t i e s (nondeposit t r u s t company including a c t i v i t i e s of a f i d u c i a r y , investment advisory, agency or custodian nature) at 501 South Flagler Drive, West Palm Beach, F l o r i d a , the geographic area to be served w i l l p r i m a r i l y be Palm Beach County, and secondarily, the e n t i r e State of F l o r i d a , through i t s subsidiary, Harris Trust Company of Florida (4/5/82) 3/ Chicago Northern Trust Corporation, Chicago, I l l i n o i s , n o t i f i c a t i o n of intent to d i r e c t l y engage i n de novo a c t i v i t i e s (making or acquiring, f o r i t s own account or f o r the account of others, loans and other extensions of c r e d i t ) at 150 South LaSalle Street, Chicago, I l l i n o i s , the geographic area to be served w i l l be the 50 States of the United States and foreign countries (4/5/82) 3/ Chicago P.N.B. Financial Corp., Chicago, I l l i n o i s , n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n leasing of personal property in accordance with the Board's Regulation Y; new equipment, consisting of readily available standard items i . e . , trucks and i n d u s t r i a l equipment, in the $10,000 t o $100,000 cost range w i l l constitute the major portion of the lease p o r t f o l i o ) at 2958 N. Milwaukee Avenue, Chicago, I l i n o i s , p r i m a r i l y serving I l l i n o i s and Colorado (4/5/82) 3/ y 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank of behalf of the Board of Governors under delegated a u t h o r i t y . I H.2, 1982 No. 15 - 13 ACTIONS OF THt BOARD-Continued Minneapolis F i r s t Bank System, I n c . , Minneapolis, Minnesota, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s ( i n the a c t i v i t i e s of an investment advisor as~~def ined in Section 2(a)(20) of the Investment Company Act of 1940, t o F i r s t American Money Fund, an investment company registered under the Act) at F i r s t Bank Place East. 200 South Sixth S t r e e t , Minneapolis, Minnesota, the o f f i c e w i l l serve the States of Montana, North Dakota, South Dakota and Minnesota, and portions of W1scons in and Michigan, through i t s s u b s i d i a r y , FBS Investment Services, Inc. (4/8/82) 3/ San Francisco Bancorp Hawaii, I n c . , Honolulu, Hawaii, n o t i f i c a t i o n of I n t e n t to engage i n de novo a c t i v i t i e s ( t o borrow money upon i t s own secured or unsecured notes; t o lend money upon i n d i v i d u a l c r e d i t or upon the s e c u r i t y of comakers, personal endorsement, or the pledge or mortgage of real or personal property or choses i n a c t i o n , or upon any combination of such c r e d i t and s e c u r i t y , and t o contract f o r such i n t e r e s t s , discount or other consideration as i s oermited by the Hawaii Revised Statutes, and t o s e l l or broker loans or c o n t r a c t s , i n whole or i n p a r t , t o other lenders, and charge or r e t a i n a fee f o r the o r i g i n a t i n g , s e l l i n g , brokering, or servicing of such loans or contracts; to discount, purchase, or otherwise acquire notes, i n stallment c o n t r a c t s , warehouse r e c e i p t s , or other choses in a c t i o n ; to e s t a b l i s h branches w i t h i n the State with p r i o r w r i t t e n approval of the Sank Examiner; to finance for others by taking t i t l e to merchandise temporarily and only f o r the purpose of securing loans entered i n t o f o r the purchases; t o issue and s e l l c e r t i f i c a t e s f o r the payment of money at any time, e i t h e r f i x e d or uncertain, including without l i m i t a t i o n evidences of t h r i f t accounts and to receive amounts invested t h e r e i n i n installments on such investments; a company may, but need not, require an investor to subscribe t o a c e r t a i n amount of investment i n such c e r t i f i c a t e s , subject to minimum or maximum investments required by law or r e g u l a t i o n ; nothing herein shall be construed to authorize any i n d u s t r i a l loan company to receive deposits or t o create any l i a b i l i t y due on demand; in a d d i t i o n , t h i s new branch of Bancorp Finance may also act as agent or broker in the sale of c r e d i t - r e l a t e d l i f e , accident and health insurance) at Times Square Shopping Center located at 98-1264 Kaahumanu Street i n Pearl C i t y , Oahu, Hawaii, serving the southern side of Oahu, Hawaii, through i t s s u b s i d i a r y , Bancorp Finance of Hawaii, Inc. (4/8/82) 2 / 3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . I H.2, 1982 No. 15 -14ACTIONS OF THE BOARD-Continued San Francisco Seafirst Corporation, Seattle, Washington, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring, loans and other extensions of c r e d i t including commercial loans secured by a borrower's inventory, accounts receivable, capital equipment or other assets; servicing loans; and leasing personal property) at 3445 North Causeway Blvd, Metairie, Louisiana, serving the State of Louisiana and Sacramento, C a l i f o r n i a , serving the State of C a l i f o r n i a , through i t s subsidiary, Seafirst Commercial Corporation (4/10/82) _3/ San Francisco Security Pacific Corporation, Los Angeles, C a l i f o r n i a , not i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s ( i n financing and i n d u s t r i a l loan corporation a c t i v i t i e s through Security Pacific Finance Money Center I n c . , including making, acquiring and servicing loans and other extensions of c r e d i t ; s e l l i n g and issuing investment c e r t i f i c a t e s ; and acting as agent f o r the sale of c r e d i t - r e l a t e d l i f e , c r e d i t - r e l a t e d accident and health and c r e d i t - r e l a t e d property insurance, a l l as authorized by California law) at 1440 North Harbor Blvd., Fullerton, Calif ornia and 1901 Olympic Blvd., Locklin Center, Walnut Creek, C a l i f o r n i a , serving the State of C a l i f o r n i a , through i t s subsidiary, Security Pacific Finance Money Center Inc. (4/4/82) 3/ San Francisco Security Pacific Corporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring for i t s own account or for the account of others, asset based business loans and other commercial or i n d u s t r i a l loans and extensions of credit such as would be made by a f a c t o r i n g , rediscount or commercial finance company and engaging generally in the factoring business) at 1300 Quail Street, NewPort Beach, C a l i f o r n i a ; One Calif orn i a Street, Suite 525, San Francisco, C a l i f o r n i a ; 95 South Market, San Jose, California and 400 North Olive, Southland Center, Suite 2520, Dallas, Texas, serving the United States, through i t s subsidiary, Security Pacific Business Credit Inc. (4/5/82) 3/ San Francisco The Toronto-Dominion Bank, Toronto, Ontario, Canada, noti f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( s o l i c i t i n g , making or acquiring loans and other extensions of c r e d i t , including permitted leasing transactions, for i t s own account as well as in s o l i c i t i n g and servicing 3J 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 15 -15ACTIQNS OF THE BOARD-Continued c r e d i t for the Toronto-Dominion Bank's agencies, branches, and subsidiary companies, including marketing credit and other services offered by, assisting in the negotiation of the terms of transactions w i t h , and servicing and monitoring extensions of c r e d i t and relationships entered into by, the e n t i t i e s described above in accordance with Board's Regu l a t i o n Y) i n Denver, Colorado, serving the States of Arkansas, Colorado, Kansas, Louisiana, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas, Utah and Wyoming, through a newly-established subsidiary, Toronto-Dominion (Colorado), Inc. (4/9/82) 3/ San Francisco U.S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making, acquiring and servicing of loans and other extensions of c r e d i t , either secured or unsecured, f o r i t s own account or f o r the account of others, including, but not l i m i t e d t o , commercial consumer loans; instalment sales contracts and other forms of receivables; issuing passbook and investment c e r t i f i c a t e s ; making investments as permitted by Colorado Revised Statutes, 11-22-101 t o 11-22-517; and acting as insurance agent with regard to c r e d i t l i f e and d i s a b i l i t y insurance, solely in connection with extensions of c r e d i t by Citizens Thornton) at Thorton Plaza, at the intersection of East 120th Avenue and Colorado B l v d . , in the north Denver suburb of Thorton, Colorado, serving those portions of Thorton County, Northglenn County and Adams County, Which are in a three mile radius from proposed o f f i c e s i t e , through i t s subsidiary, Citizens Thornton Industrial Bank (4/10/82) 3/ 3/ 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 15 - 16 APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Cleveland The Dollar Savings and Trust Company, Youngstown, Ohio. To establish a branch at 1319 Florenedale Ave., Youngstown, Mahoning County, Ohio, j?/ Cleveland The Dollar Savings and Trust Company, Youngstown, Ohio. To establish a branch at 45 Oak H i l l Avenue, Youngstown, Mahoning County, Ohio. ZJ Cleveland The Dollar Savings and Trust Company, Youngstown, Ohio. To establish a branch at Gypsy Lane, Youngstown, Trumbull County, Ohio. 2/ Richmond The Blueville Bank of Grafton, Grafton, West V i r g i n i a . To establish an off-premises f a c i l i t y at 1 Harman Center, Grafton, West Virginia. 2J * * * * * To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Richmond First Virginia Bank - Highlands, Covington, V i r g i n i a , to merge with The Bath County National Bank, Hot Springs, Virginia. 2J Richmond Peoples Bank of Danville, Danville, V i r g i n i a , to acquire certain assets and assume substantially a l l of the l i a b i l i t i e s of Aquia Bank and Trust Company, Stafford, Virginia. 2/ |7 Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 15 -17APPLICATIONS RECEIVED-Continued Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended New York Republic National Bank of New York, New York, New York: prior notification of its intent to acquire a l l the shares of a de novo banking subsidiary, Republic National Bank of New York (Canada), Montreal, Quebec, Canada. Cleveland Pittsburgh international Bank, Pittsburgh, Pennsylvania: prior notification of i t s intent to contribute to the capital of Pittsburgh National, Seldon & Co. Limited, Sydney, Australia. Cleveland Pittsburgh International Bank, Pittsburgh, Pennsylvania: requests consent to make a capital investment in Pittsburgh International (Asia) Limited, Hong Kong. * * * * * To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act New York European American Bank & Trust Company, New York, New York: requests consent to establish a branch in Nassau, Bahamas. * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Boston Saver's Bancorp Inc., Littleton, New Hampshire, for approval to acquire 100 percent of the voting shares of The Saver's Bank, Littleton, New Hampshire and indirectly acquire 14 percent of the voting shares of North Country Bank, Berlin, New Hampshire. 2/ Philadelphia The Frankford Corporation, Philadelphia, Pennsylvania, for approval to acquire 100 percent of the voting shares of Frankford Trust Company, Philadelphia, Pennsylvania. 2/ 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comr»nt period. H.2, 1982 No. 15 - 1 8 - APPLICATIONS RECEIVED-Continued New York Commercial Bancshares, I n c . , Jersey C i t y , New Jersey, f o r approval to acquire 100 percent of the voting shares of Commercial Trust Company of New Jersey, Jersey C i t y , New Jersey. 2/ Cleveland Buckeye Associates, L t d . , Fostoria, Ohio, for approval to acquire at least 50 percent of the voting shares of Union Commerce Corporation, Cleveland, Ohio, and i n d i r e c t l y Southern Ohio Bank, Cincinnati, Ohio, Union Commerce Bank, Cleveland, Ohio, FNB of Nelsonvi1le, Cleveland, Ohio, and Port Clinton National Bank, Port Clinton, Ohio. 2/ Cleveland F i r s t Kentucky Bancshares, I n c . , Florence, Kentucky, for approval to acquire 100 percent of, the voting shares of Boone State Bank, Florence, Kentucky. 2/ Atlanta F l i n t Bancshares, I n c . , Cordele, Georgia, for approval to acquire at least 85.9 percent of the voting shares of Cordele Banking Company, Cordele, Georgia. 2/ Atlanta Warrior Capital Corporation, Warrior, Alabama, for approval to acquire at least 80 percent of the voting shares of Warrior Savings Bank, Warrior, Alabama. 2J Chicago BANCORP OF NORTHWESTERN INDIANA, Goodland, Indiana, for approval to acquire at least 80 percent of the voting shares of Goodland State Bank, Goodland, Indiana. 2/ Chicago CAMBRIA STATE BANKSHARES, INC., Cambria, Wisconsin, for approval to acquire at least 80 percent of the voting shares of The Cambria State Bank, Cambria, Wisconsin. 2/ Chicago PT&S Bancorp, Indianola, Iowa, for approval to acquire at least 80 percent of the voting shares of Peoples Trust and Savings Bank, Indianola, Iowa. 2/ St. Louis BMC Bankcorp, I n c . , Benton, Kentucky, for approval to acquire 100 percent of the voting shares of the successor by merger to Bank of Marshal 1 County, Benton, Kentucky. 2/ St. Louis Crawford Bancorp, I n c . , Robinson, I l l i n o i s , for approval to acquire 100 percent of the voting shares of the successor by merger to Crawford County State Bank, Robinson, I l l i n o i s . 2/ 2/ Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. i H.2, 1982 No. 15 -19APPLICATIONS RECEIVED-Continued St. Louis Valley Capital Corp., Rosedale, Mississippi, for approval to acquire at least 80 percent of the voting shares of The Valley Bank, Rosedale, Mississippi. 2/ Minneapolis Century Bancorp, I n c . , New Brighton, Minnesota, for approval to acquire at least 90.6 percent of the voting shares of Centennial State Bank of Lexington, Lexington, Minnesota. 2/ Minneapolis Farmers & Merchants Financial Services, I n c . , New Ulm, Minnesota, for approval to acquire at least 95.7 percent of the voting shares of Farmers and Merchants State Bank New Ulm, New Ulm, Minnesota. 2/ Minneapolis Napoleon Bancorporation, I n c . , Napoleon, North Dakota, for approval to acquire at least 98.5 percent of the voting shares of Stock Growers Bank, Napoleon, North Dakota. 2/ Minneapolis Vesta Bancorporation, I n c . , Vesta, Minnesota, for approval to acquire at least 96.8 percent of the voting shares of Vesta State Bank, Vesta, Minnesota. 2/ Kansas City Central Financial Corporation, Wichita, Kansas, for approval to acquire at least 98.3 percent of the voting shares of Central Bank and Trust, Wichita, Kansas. 2J Kansas City Haviland Bancshares, I n c . , Haviland, Kansas, for approval to acquire at least 80 percent of the voting shares of Haviland State Bank, Haviland, Kansas. 2/ Kansas City Lansing Bancshares, I n c . , Lansing, Kansas, f o r approval to acquire at least 80 percent of the voting shares of F i r s t State Bank of Lansing, Lansing, Kansas. 2] Kansas City State Holding Company, Thermopolis, Wyoming, for approval to acquire at least 80 percent of the voting shares of F i r s t State Bank of Thermopolis, Thermopolis, Wyoming. 2] Dallas Amarillo National Bancorp, I n c . , Amarillo, Texas, f o r approval to acquire at least 80 percent of the voting shares of Amarillo National Bank, Amarillo, Texas. 2/ Dallas Americo Bancshares, I n c . , Wolfforth, Texas, for approval to acquire at least 80 percent of the voting shares of American Bank of Commerce at Wo I f f o r t h , Texas, Wolfforth, Texas. 2/ 2/ Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. I H.2, 1982 No. 15 - 20 APPLICATIONS RECFIVED-Continued Dallas TELP Corporation, Houston, Texas, for approval to acquire 100 percent of the voting sNres of El Paso National Corporation, El Paso, Texas, and i n d i r e c t l y acquire Border City Bank, Chamizal National Bank, El Paso National Bank, F i r s t State Bank, Northgate National Bank, East El Paso National Bank, and West El Paso National Bank, a l l of El Paso, Texas. 2/ San Francisco Redding Bancorp, Redding, C a l i f o r n i a , f o r approval to acquire 100 percent of the voting shares of Redding Bank of Commerce, Redding, C a l i f o r n i a , a proposed new bank. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Atlanta F i r s t Atlanta Corporation, A t l a n t a , Georgia, f o r approval to acquire at least 11.1 percent of the voting shares of F i r s t South Bankcorp, Columbus, Georgia. 2/ Atlanta Royal Trustco Limited, Toronto, Ontario, Canada, and Royal Trust Bank Corp., Miami, F l o r i d a , f o r approval to acquire at least 99.2 percent of the voting shares of Century F i r s t National Bank of Pinellas County, St. Petersburg, Florida. 2/ Atlanta Southeast Banking Corporation, Miami, Florida, for approval to acquire 100 percent of the voting shares of Florida National Banks of F l o r i d a , I n c . , Jacksonville, Florida and i n d i r e c t l y acquire Florida National Bank at Bartow, Bartow; Florida National Bank at Belle Glade, Belle Glade; Florida National Bank of Lee C i t y , Cape Coral; Florida Bank of Sumter C i t y , Bushnel1; Florida F i r s t Bank at Chipley, Chipley; Florida Bank of Volusia C i t y , Daytona Beach; Florida Bank at Del and, De Land; Florida Bank at Fort Pierce, Fort Pierce; Florida National Bank, Jacksonville Jacksonville National Bank, Jacksonville; Florida National Bank of the Florida Keys, Key West; Florida National Bank at Lakeland, Lakeland; Florida National Bank of Madison C i t y , Madison; Florida National Bank of Miami, Miami; Florida National Bank at Oca!a, Ocala; Florida National Bank of Orlando, Orlando; Florida National Bank at Pensacola, Pensacola; Florida National Bank at Perry, Perry; Florida 2/ Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 15 21 - APPLICATIONS RECEIVED-Continued National Bank at Port St. Joe, Port St. Joe, Florida; Peoples National Bank of St. Augustine, St. Johns County; Florida National Bank of Pinellas C i t y , St. Petersburg; Florida Bank at Starke, Starke; Florida National Bank of Martin City, Stuart; Florida National Bank of Bevard City, T i t u s v i l l e ; Florida National Bank of Vero Beach, Vero Beach; and Florida National Bank of Palm Beach C i t y , West Palm Beach, a l l in Florida. 2J Chicago Associated Banc-Corp., Green Bay, Wisconsin, f o r approval to acquire 100 percent of the voting shares of the successor by merger to Bank of Commerce, Milwaukee, Wisconsin. 2J Chicago Bank Sales Department, Inc., T e r r i l , Iowa, f o r approval to acquire at least 12 percent of the voting shares of The State Bank, Spirit Lake, Iowa. 2/ Chicago North Shore Capital Corporation, Wilmette, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of The Morton Grove Bank, Morton Grove, I l l i n o i s . 2/ Chicago Tama County Abstract Company, Toledo, Iowa, f o r approval to acquire an additional 3.875 percent of the voting shares of The State Bank of Toledo, Toledo, Iowa. 7J Kansas City Erie Bancshares, Inc., Erie, Kansas, for approval to acquire at least 24.5 percent of the voting shares of Lansing Bancshares, Inc., Lansing, Kansas. 2/ Kan.as City Stark Bancshares, Inc., Stark, Kansas, f o r approval to acquire 24.5 percent of the voting share of Lansing Bancshares, I n c . , Lansing, Kansas. 2/ Dal las First Freeport Corporation, Freeport, Texas, f o r approval to acquire 100 percent of the voting shares of Coastal National Bank, Angleton, Texas, a proposed new bank. Dallas National Bancshares Corporation of Texas, San Antonio, Texas, for approval to acquire 100 percent of the voting shares of National Bank of Commerce-Perrin Beitel, San Antonio, Texas, a proposed new bank. 2/ |7™ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. N.2, 1982 No. 15 - 22 - APPLICATIONS RECEIVED-Continued Dal las Texas Commerce Bancshares, I n c . , Houston, Texas, f o r approval to indirectly acquire 100 percent of of the voting shares of El Paso National Corporation, El Paso, Texas, through a merger with TELP Corporation, Houston Texas. 2J Dallas Victoria Bankshares, Inc., Victoria, Texas, f o r approval to acquire 100 percent of the voting shares of New Braunfels National Bank, New Braunfels, Texas. 2J To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Boston CBT Corporation, Hartford, Connecticut, n o t i f i c a t i o n of intent to engage in de novo activities (commercial financing, including the making of secured loans to finance accounts receivable, inventories and imports for business customers) at 208 LaSalle Street, Chicago, I l l i n o i s , serving the States of I l l i n o i s , Michigan, Indiana, Kentucky, Missouri, Iowa, Wisconsin and Minnesota, through i t s subsidiary, Lazere Financial Corporation (4/1/82) New fork Citicorp, New York, New York, requests permission t o expand the activities and service area of an existing o f f i c e (previously approved a c t i v i t i e s : the making or acquiring of loans and other extensions of credit, secured or unsecured, for consumer and other purposes; the extensions of loans to dealers f o r the financing of inventory (floor planning) and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of credit related l i f e and accident and health or decreasing or level ( i n the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of credit related property and casualty insurance protecting real and personal property subject to a security agreement with Citicorp Person-to-Person Financial Center, Inc., to the extent permissible under applicable State insurance laws and regulations; the sale of consumer oriented financial management courses; and the servicing, for any person, of loans and other extensions of credit; the new activities in which the office proposes to engage de novo are: the making, acquiring and servicing f o r its own account and for the account of others, of extensions of credit to individuals secured by liens on residential or T) ~ Application subject toCommunity Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 15 - 23 APPLICATIONS RECEIVED-Continued non-residential real estate; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related to extensions of mortgage loans, the proposed expanded service area for a l l aformentioned previously approved and proposed a c t i v i t i e s shall be comprised of the entire State of C a l i f o r n i a ; credit related l i f e , accident, and health insurance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of Citicorp Person-to-Person Financial Center, Inc.) at Two City Boulevard East, Suite 178, Orange, C a l i f o r n i a , through i t s subsidiary Citicorp Person-to-Person Financial Center, Inc. (4/7/82) New York C i t i c o r p , New York, New York, requests permission to expand the a c t i v i t i e s and service area of an existing o f f i c e (previously approved a c t i v i t i e s : the making or acquiring of loans and other extensions of c r e d i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers f o r the financing of inventory ( f l o o r planning) and working c a p i t a l purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of c r e d i t related l i f e and accident and health or decreasing or level ( i n the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of c r e d i t related property and casualty insurance protecting real and personal property subject to a security agreement with C i t i c o r p Person-to-Person Financial Center, I n c . , to the extent permissible under applicable State insurance laws and regulations; the sale of consumer oriented f i n a n c i a l management courses; and the servicing, for any person, of loans and other extensions of c r e d i t ; the new a c t i v i t i e s in which the o f f i c e proposes to engage de novo are: the making, acquiring and servicing, for i t s own account and f o r the account of others, of extensions of c r e d i t to individuals secured by liens on residential or non-residential real estate; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related to extensions of mortgage loans; the proposed expanded service area for a l l aforementioned previously approved and proposed a c t i v i t i e s shall be comprised of the e n t i r e State of C a l i f o r n i a ; c r e d i t related l i f e , accident, and health insurance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of C i t i c o r p Person-to-Person Financial Center, Inc.) at Financial Plaza Office Building (#098), 1661 Hanover, Suite 200, City of Industry, C a l i f o r n i a , through i t s subsidiary, Citicorp Person-to-Person Financial Center, Inc. (4/7/82) H.2, 1982 No. 15 - 24 APPLICATIONS RECEIVED-Continued New York Manufacturers Hanover Corporation, New York, New York, requests permission to estabish a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquiring loans and other extensions of c r e d i t , secured and unsecured, such as would be made or acquired by a finance company under State Law; servicing such loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance; such a c t i v i t i e s w i l l include, but not be l i m i t e d t o , making consumer installment loans and other extensions of c r e d i t secured by real and personal property, and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and decreasing or level term ( i n the case of single payment loans) l i f e insurance by licensed agents or brokers to the extent permissible under applicable State insurance laws and regulations d i r e c t l y related to extensions of c r e d i t made or acquired by Finance One Mortgage of New Mexico, Inc.) at 2155 Louisiana Boulevard, N.E., Albuquerque, New Mexico, t h i s o f f i c e w i l l service the e n t i r e State of New Mexico, through i t s subsidiary, Finance One Mortgage of New Mexico, Inc. (4/9/82) New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the service area of an e x i s t i n g o f f i c e (leasing real and personal property on a f u l l payout basis; and acting as agent, broker or advisor in leasing of such property in accordance with the provisions of regulations promulgated by the Board of Governors; and making and acquiring for i t s own account or for the account of others loans and other extensions of credit with respect to such property and servicing such leases, loans or other extensions of c r e d i t ) at 3 Landmark Square, Stamford, Connecticut, the expand service area would include the County of Westchester, New York, through i t s subsidiary, Manufacturers Hanover Leasing Corporation (4/9/82) New York Manufacturers Hanover Corporation, New York, New York, requests permission to establish a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquiring loans and other extensions of c r e d i t , secured or unsecured, such as would be made or acquired by a finance company under State law; servicing such loans and other extensions of c r e d i t ; and o f f e r ing credit related l i f e insurance; such a c t i v i t i e s w i l l include, but not be l i m i t e d t o , making consumer installment loans, purchasing installment sales finance contracts, making loans and other extensions of credit secured by real and personal property, and o f f e r i n g c r e d i t related l i f e insurance and decreasing or level term ( i n the case of single payment loans) l i f e insurance by licensed agents or brokers to the extent permissible under applicable State insurance H.2, 1982 No. 15 -25APPLICATIQNS RECEIVED-Continued laws and regulations d i r e c t l y related to extensions of c r e d i t made or acquired by Finance One Mortgage of South Carolina, Inc.) at 2420 Mall Drive, Charleston, South Carolina, t h i s o f f i c e w i l l service the e n t i r e State of South Carolina, through i t s subsidiary, Finance One Mortgage of South Carolina, Inc. (4/8/82) Cleveland National City Corporation, Cleveland, Ohio, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (the exercise of fiduciary powers, including owning and managing real and personal property in t r u s t under the terms of revocable and irrevocable t r u s t agreements and testamentary t r u s t s or as agent or custodian pursuant to agreement, or to serve as executor or administrator of probate estates, or guardian of estates of minors or incompetents, and to provide a l l services permitted by applicable law and related to and required by i t s exercise of f u l l fiduciary powers under i t s charter as a national t r u s t company) at 125 Worth Avenue, Palm Beach, Florida, serving Palm Beach County and the surrounding area, through i t s subsidiary, National City Trust Company (4/2/82) Atlanta A1liance .Corporation Jacksonville, F l o r i d a , n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (making or acquiring mortgage loans f o r i t s own account or the account of others; servicing mortgage loans for others; and r e s e l l i n g such loans in the secondary mortgage markets in accordance with Sections 225.4(a)(1) and (3) of the Board's Regulation Y) at 25 West Forsyth Street, Jacksonville, Florida; 2 LaVista Perimeter Office Park, Suite 104, Tucker, Georgia; 3939 South Sherwood Forest Boulevard, Suite F, Baton Rouge, Louisiana; 3045 Independence Drive, Birmingham, Alabama; 4700 Auth Place, Suite 310, Camp Springs, Maryland; Northgate Office Building, Suite 222, 5861 Rivers Avenue, North Charleston, South Carolina; Suite 105, Osborne Office Center, Chattanooga, Tennessee; 2814 New Springs Road, Suite 103, Atlanta, Georgia; 1585 Phoenix Boulevard, Suite 6, College Park, Georgia; 246 N. Ridgewood Avenue, Daytona Beach, Florida; Suite KK, North Executive Plaza 2320 East North Street, Greenville, South Carolina; 2005 G a l l a t i n Street, Suite A, Huntsville, Alabama; Suite 101, Brookvale I I Office Building, 6016 Brookvale Lane, Knoxville, Tennessee, 515 S. College Street, Suite 201, Lafayette, Louisiana; 3717 T a y l o r s v i l l e Road, Suite 110, L o u i s v i l l e , Kentucky; 16560 N.E. 6th Avenue, North Miami Beach, Florida; 576 Azalea Road, Suite 101, Mobile, Alabama; Southland Building, 3uite 310, 1-4 & Lee Road, Orlando, Florida; 440 East Main Street, Pensacola, F l o r i d a ; 4020 Moorpark Avenue, Suite lbO, San Jose, C a l i f o r n i a ; 6825 L i l l i a n Road, Suite 81, Jacksonville, Florida; 300 Building H.2, 1982 No. lb 26 - APPLICATIONS RECEIVED-Continued North, 3160 5th Avenue North, Suite 100, St. Petersburg, Florida; 5601 Mariner Street, Suite 104, Tampa, Florida; Bonney Square Office Building, 347 Witchduck Road, V i r g i n i a Beach, V i r g i n i a ; 4401 Wesconnet Boulevard, Suite 108, Jacksonville, Florida; and 3003 S. Congress Avenue, Suite 2-D, Palm Springs, Florida, serving the States of Florida, Alabama, C a l i f o r n i a , Georgia, Kentucky, Louisiana, Maryland, North Carolina, South Carolina, Tennessee, and V i r g i n i a , through i t s subsidiary, Charter Mortgage Company (4/9/82) Atlanta Southeast Banking Corporation* Miami, Florida, for approval to acquire 100 percent of the voting shares of Florida National Services, I n c . , and Florida Credit Corporation, through Florida National Banks of F l o r i d a , I n c . , Jacksonville, Florida. Minneapolis Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (providing p o r t f o l i o investment advice to any person, including, but not l i m i t e d t o , pension and p r o f i t sharing funds and venture capital funds) at 1730 Midwest Plaza Building, Minneapolis, Minnesota, 1300 S.W. F i f t h Avenue, Suite 3018, Portland, Oregon and 7625 West F i f t h Avenue, Suite 202, Lakewood, Colorado, through a subsidiary, Northwest Growth Management, Inc. (4/9/82) Kansas City F i r s t Healdton Bancorporation, I n c . , Healdton, Oklahoma, not i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n the sale of l i f e , accident and health Insurance in connection with extensions of c r e d i t by the Bank of Healdton, the subs i d i a r y bank of F i r s t Healdton Bancorporation) at 313 West Main Street, Healdton, Oklahoma, serving the town of Healdton and the surrounding rural area which extends approximately 25 miles North West or South and 10 miles East, through a proposed subsidiary, F i r s t Healdton Insurance Co. (4/6/82) Dal las F i r s t National Bancorp, I n c . , Shreveport, Louisiana, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s ( i n the leasing of personal and real property, including acting as agent, broker, or adviser in leasing such property) at 400 Texas Street, Shreveport, Louisiana, serving the parishes of Caddo and Bossier, Louisiana, through a subsidiary, F i r s t Leasing Corporation of Shreveport (4/5/82) San Francisco BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (making or acquiring, for i t s own account loans and other extensions of credit such as would be made or acquired by a finance company; servicing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t related l i f e insurance, c r e d i t - r e l a t e d accident and health i n - 0 H.2, 1982 No. 15 -27APPLICATIONS RECEIVED-Continued surance and c r e d i t - r e l a t e d property insurance in the State of Louisiana, such a c t i v i t i e s w i l l include, but not be l i m i t e d t o , purchasing installment sales finance contracts, making loans and other extensions of c r e d i t t o consumers and small businesses, making loans and other extensions of c r e d i t secured by real p r o p e r t y , and o f f e r i n g c r e d i t - r e l a t e d l i f e , c r e d i t - r e l a t e d accident and health and c r e d i t - r e l a t e d property insurance d i r e c t l y r e l a t e d to extensions of c r e d i t made or acquired by FinanceAroerica Corporation) at 104A Constitution Boulevard, Alexandria, Louisiana, serving the e n t i r e State of Louisiana, through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Corporation (a Louisiana Corporation) (4/6/82) San Francisco BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s (making or acquiring, f o r i t s own account loans and other extensions of c r e d i t such as would be made or acquired by both a consumer finance company and commercial finance company; and servicing loans and other extensions of c r e d i t ; such a c t i v i t i e s w i l l include, but not be l i m i t e d t o , making consumer installment loans, making loans and other extensions of c r e d i t of a commercial nature to businesses; such loans may be unsecured or secured by personal assets and r e s i d e n t i a l and commercial real estate) i n Denver, Colorado, serving a l l f i f t y States and the D i s t r i c t of Columbia, through i t s i n d i r e c t s u b s i d i a r y , BA Business Credit Corporation (a Delaware corporation) (4/7/82) San Francisco Central P a c i f i c Corporation, B a k e r s f i e l d , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s (providing management consulting services t o n o n a f f i l i a t e d bank and depository i n s t i t u t i o n s , i n c l u d i n g commercial banks, savings and loan associations, mutual saving banks, c r e d i t unions, i n d u s t r i a l banks, Morris Plan banks, cooperative banks and i n d u s t r i a l loan companies, as t o : ( i ) planning operations w i t h respect to management succession, manpower u t i l i z a t i o n , corporate growth and expansion, corporate o r g a n i z a t i o n , and short-term and long-term goals; ( i i ) personnel operations such as recruitment, t r a i n i n g , o r i e n t a t i o n , placement, management and employee search a c t i v i t i e s , management/personnel r e l a t i o n s , compliance w i t h governmental r e g u l a t i o n s , development of personnel p o l i c i e s , incentive compensation and benefit plans, employee compensation, and employee p r o d u c t i v i t y evaluation; and ( i i i ) sales o f manuals, i n s t r u c t i o n a l materials and courses as i n c i d e n t a l and related to a l l the above a c t i v i t i e s ) at 5401 Business Park Drive South, Suite 201, Bakersfield, C a l i f o r n i a , serving the United States, through i t s subsidiary, Human Resource Dimensions (4/3/82) i H.2, 1982 No. 15 28 APPLICATIONS RECEIVED-Continued San Francisco Security P a c i f i c Corporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o relocate de novo a c t i v i t i e s (making or acquiring, for i t s own account or for the account of others, loans and extensions of c r e d i t including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans t o small businesses and other extensions of c r e d i t such as would be made by a f a c t o r i n g company or a consumer finance company; and acting as broker or agent f o r the sale of c r e d i t l i f e and c r e d i t accident and health insurance) from Forklanding Road - Store #9, Maple Shade, New Jersey t o Blason I I , 505 South Lenoia Road, Horrestown, New Jersey, through i t s subsidiary, Security P a c i f i c Finance Corp. (3/30/82) San Francisco U.S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of intent to expand the a c t i v i t i e s of i t s e x i s t i n g subsidiary ( i n the o f f e r i n g of homeowners insurance to c r e d i t customers of U.S. Bancorp and i t s s u b s i d i a ri es as permitted under Regulation Y) at 309 S. W. Sixth Avenue, Portland, Oregon, through i t s subsidiary, Mt. Hood Credit L i f e Insurance Agency, Inc. (4/7/82) San Francisco U.S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of i n t e n t to engage.in de novo a c t i v i t i e s (performing appraisals of commercial and r e s i d e n t i a l real estate f o r i t s customers and outside c l i e n t s in conformance with the provisions of Section 225.4(a)(14) of Regulation Y) these a c t i v i t i e s would be conducted through each of the Bancorp Financial o f f i c e s i n the States of C a l i f o r n i a , Missouri and Texas, serving the States of Arizona, Arkansas, C a l i f o r n i a , Colorado, Kansas, Louisiana, M i s s i s s i p p i , Missouri, Nebraska, Nevada, New Mexico, Oklahoma, Texas and Wyoming, through i t s s u b s i d i a r y , U.S. Bancorp F i n a n c i a l , Inc. (4/7/82) * * * * * REPORTS RECEIVED None PETITIONS FOR RULEMAKING None I
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