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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1982 No. 17) Actions of the Board; Applications and Reports APPLICABLE RESERVE BANK Received During the Week Ending April 24, 1982 ACTIONS OF THE BOARD Statement by Governor J . Charles Partee before the Subcommittee on Telecommunications, Consumer Protection, and Finance of the House Committee on Energy and Commerce to discuss important issues related to the regulation of f i n a n c i a l markets. Chicago American National Corporation, Chicago, I l l i n o i s , extension of time t o July 16, 1982, w i t h i n which to become a bank holding company through the a c g u i s i t i o n of 100 percent of the voting shares of American National Bank and Trust Company, Chicago, I l l i n o i s . J / Chicago Banks of Iowa, I n c . , Des Moines, Iowa, extension of time t o July 21, 1982, w i t h i n which to acquire 80 percent or more of the voting shares of The Avoca State Bank, Avoca, Iowa. 1/ San Franclsco Cascade Bancorp, Bend, Oregon, extension of t i n e to July 15, 1982, w i t h i n which to become a bank holding company through the a c q u i s i t i o n of Bank of the Cascades, Bend, Oregon. V Atlanta Exchange Bancorporation, I n c . , Tampa, F l o r i d a , extension of time to August 8 , 1982, w i t h i n which to acquire F i r s t National Bank of Englewood, Englewood, F l o r i d a . J / Chicago Flndlay Bankshares, I n c . , Findlay, I l l i n o i s , extension of time t o May 22, 1982, w i t h i n which to become a bank holding company through the a c q u i s i t i o n of 80 percent or more of the v o t i n g shares o f Bank o f Findlay, F i n d l a y , I l l i n o i s . 1/ Chicago F i r s t Community Bancorp, I n c . , Rockford, I l l i n o i s , extension of time to September 3, 1982, w i t h i n which to become a bank holding company through the a c q u i s i t i o n of 100 percent of the v o t i n g shares of the successor by merger to F i r s t National Bank and Trust Company of Rockford; North Towne National Bank of Rockford; F i r s t Bank of Roscoe; and F i r s t Bank o f Loves Park, I l l i n o i s . 1/ J7 Application processed on behalf of the Board of Governors under delegated authority. # H.2, 19% No. 17 - 2ACTIONS OF THE BOARD-Continued Chicago F i r s t M i d - I l l i n o i s Bancshares, I n c . , Mattoon, I l l i n o i s , extension of time to July 24, 1982, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to F i r s t National Bank, Mattoon, I l l i n o i s , Mattoon, I l l i n o i s . Yj Kansas City Midwest National Bancshares, I n c . , Midwest C i t y , Oklahoma, extension of time to June 26, 1982, within which to acquire Midwest National Bank, Midwest C i t y , Oklahoma. J / Chicago Old Second Bancorp, I n c . , Aurora, I l l i n o i s , extension of time to June 23, 1982, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to The Old Second National Bank of Aurora, Aurora, I l l i n o i s . V Boston Old Stone Corporation, Providence, Rhode Island, extension of time to June 25, 1982, within which to acquire the assets and assume the l i a b i l i t i e s of Pacific Southern Mortqage Trust, San Diego. \J Dal las Texas American Bancshares, I n c . , Fort Worth, Texas, extension of time to July 15, 1982, within which to acquire Charter National Bank, Piano, Texas, a proposed new bank, j y Richmond Barbour County Bank, P h i l i p p i , West V i r g i n i a , an investment in bank premises. V Kansas City F i r s t State Bank of Newcastle, Newcastle, Wyoming, an investment in bank premises. ] / Chicago F i r s t State Bank of Porter, Porter, Indiana, extension of time to October 8, 1982, within which to establish a branch at 429 N. Calumet Road, Chesterton, Indiana. ]_/ Philadelphia United Jersey Bank/Southwest, Cherry H i l l , New Jersey, extension of time to August 5, 1982, within which to acquire the Pine H i l l Branch of the Bank of New Jersey, Camden, New Jersey. J / Atlanta Alabama City Rank of Gadsden, Gadsden, Alabama, proposed merger with the Colonial Bank of Gadsden, Gadsden, Alabama; report to the Federal Deposit Insurance Corporation on competitive factors V ]_/ Application processed on behalf of the Board of Governors under delegated authority. i H.2, 1982 NO. 17 3 ACTIONS OF THE BOARD Continued Atlanta Bank of Atmore, Atmore, Alabama, proposed merger with United Rank of Atmore, Atmore, Alabama; report to the Federal Deposit Insurance Corporation on competitive factors. J / San Franci sco Coast Merger Corporation, San Diego, C a l i f o r n i a , proposed merger w i t h Coast Bank, Long Beach, C a l i f o r n i a , 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. J7 Atlanta Deposit Guaranty National Bank, Jackson, M i s s i s s i p p i , proposed merger w i t h Attala Bank of Kosciusko, Mississippi; report to the Comptroller of the Currency on competitive f act ors. J / Richmond Dominion National Bank of Northern V i r g i n i a , Vienna, V i r g i n i a , proposed merger with Commonwealth Bank and Trust Company of V i r g i n i a , S t e r l i n g , V i r g i n i a ; report to the Comptroller of the Currency on competitive factors, y Atlanta Exchange Rank of Charlotte County, Englewood, F l o r i d a , proposed merger with F i r s t National Bank of Englewood, F l o r i d a ; report to the Federal Deposit Insurance Corporation on competitive f act ors. J / Dal las Farmers State Bank of Round Rock, Round Rock, Texas, proposed merger with New Farmers State Bank of Round Rock, Round Rock, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. V Atlanta F i r s t Eastern National Rank, Kingsport, Tennessee, proposed merger with Interim Eastern National Bank, Kingsport, Tennessee; report to the Comptroller of the Currency on competitive f act ors. V Atlanta F i r s t Gulf Beach Bank and Trust Company, St. Petersburg Reach, F l o r i d a , proposed merger with F i r s t Bank and Trust Company, Bel l a i r B l u f f s , Florida; report to the Federal Deposit Insurance Corporation on competitive factors. V Atlanta F i r s t State Bank, Waynesboro, Mississippi, proposed merger with F i r s t Interim State Bank, Waynesboro, Mississippi; report to the Federal Deposit Insurance Corporation on competitive factors. 1/ T7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No, 17 4' ACTIONS OF THE BOARD-Continued Dallas F i r s t Texas Bank, Dallas. Texas, proposed merger with New F i r s t . Texas Bank, Dallas, Texas; report to the Federal Deposit Insurance Corporation on competitive fa cto rs. j_/ San Fran- isco Garden Grove Community Bank, Garden Grove, C a l i f o r n i a , proposed merger with Town & Country Bank, Seal Beach, California 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. Atlanta New York J/ - " Peoples Bank of Frisco C i t y , Frisco C i t y , Alabama, proposed merger with United Bank of Frisco C i t y , Alabama; report to the Federal Deposit Insurance Corporation on competitive factors. 1/ People's Savings Bank-Bridgeport, Bridgeport, Connecticut, proposal t o merge with Guardian Savings and Loan Association, Bridgeport, Connecticut; report t o the Comptroller of the Currency on competitive fa cto rs. 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 17 5 ACTIONS OF THE BOARD-Continued To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Dallas Approved Tyler Bank and Trust Company, T y l e r , Texas. To establish an o f f s i t e electronic f a c i l i t y in the French quarter Shopping Center at 4500 South Broadway, T y l e r , Texas. J / San Francisco Pacific Heritage Bank, Torrance, C a l i f o r n i a . To establish a branch o f f i c e in the v i c i n i t y of the intersection of F i r s t Street and San Pedro Street in the L i t t l e Tokyo D i s t r i c t of Los Angeles, C a l i f o r n i a . J / 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 . To establish a branch o f f i c e in the v i c i n i t y of the i n t e r section of Highway 4 and Lone Tree Way, City of Antioch, Contra Costa County, C a l i f o r n i a . 1/ * * * * * Issued Intent Not to Disapprove Change of Control Pursuant t o Change in Bank Control Act of 1978 Kansas City Not Disapproved Bank Management, I n c . , Omaha, Nebraska. J / Kansas City Central Bancshares, I n c . , Mission H i l l s , Kansas. J / Kansas City Wynnewood Bancshares, I n c . , Wynnewood, Oklahoma. ]_/ Kansas City Downs Bancs hares, I n c . , Downs, Kansas. 1/ * * * * * 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 T7 Approved C i t i b a n k , N.A., New York, New York on behalf of i t s whollyowned Edge Act Corporation, Citibank Overseas Investment Corporation, Wilmington, Delaware: grants consent for Application processed on behalf of the Board of Governors under delegated authority. I H.2, 1982 No. 17 - 6 ACTIONS OF THE BOARD-Continued Assurance to engage in the a c t i v i t i e s of underwriting c r e d i t related l i f e insurance in the United Kingdom, including endowment assurance with or without p r o f i t s , mortgage investment assurance, and the o f f e r i n g of mortgage annuities, provided they are offered in connection with extensions of c r e d i t by the Citibank organization and others. San Francisco New York Sixty Pay N o t i f i c a t i o n Period Allowed to Expire F i r s t Interstate Bank of C a l i f o r n i a , Los Angeles, Calif o r n i a : no objection to establish a branch in Madrid, Spain, Sixty Day N o t i f i c a t i o n Period Waived J.P. Morgan & Co. Incorporated, New York, New York: no objection to make additional investments in the capital surplus of J.P. Morgan International Finance N.V., Curacao, Netherlands A n t i l l e s . * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Richmond Approved Farmers National Bancorp, Annapolis, Maryland, for approval to acquire 100 percent of the voting shares of Farmers Bank, National Association, the successor by merger to Farmers National Bank of Maryland, Annapolis, Maryland and The Caroline County Bank, Greensboro, Maryland. JV St. Louis Ambanc Corp., Vincennes, Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to The American National Bank of Vincennes, Vincennes, Indiana. J / St. Louis F i r s t Selmer Bancshares, I n c . , Selmer, Tennessee, for approval to acquire 100 percent of the voting shares of the successor by merger to F i r s t National Bank of Selmer, Selmer, Tennessee. 1/ T7 Application processed on behalf of the Board of Governors under delegated author!ty. - 7 - H.2, 1982 No. 17 ACTIONS OF THE BOARO-Continued Minneapolis American Bancorporation Holding Company, Brainerd, Minnesota, for approval to acquire 100 percent of the voting shares of American National Bank of Brainerd, Brainerd, Minnesota. 1/ Minneapolis New London Agency, I n c . , New London, Minnesota, f o r approval to acquire at least 81.4 percent of the voting shares of F i r s t State Bank o f New London, New London, Minnesota. J / Kansas City Sarcoxie Bancorp, I n c . , Sarcoxie, Missouri, for approval to acquire at least 84 percent of the voting shares of The F i r s t National Bank of Sarcoxie, Sarcoxie, Missouri. V Kansas City Union Bank Corporation, Wichita, Kansas, f o r approval to acquire at least 50.01 percent of the voting shares of Union National Bank of Wichita, Wichita, Kansas. J / Dallas Snook Bancshares, I n c . , Snook, Texas, for approval to acquire 100 percent of the voting shares of F i r s t Bank of Snook, Snook, Texas. 1/ To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Atlanta Richmond Atlanta T7 Withdrawn SouthTrust Corporation, Birmingham, Alabama, for approval to acquire at least 90 percent of the voting shares of Muscle Shoals National Rank, Muscle Shoals, Alabama. \J Approved F i r s t ft Merchants Corporation, Richmond, V i r g i n i a , for approval to acquire not less than 90,400 shares and not more than 143,261 shares of the voting shares of The Wise County National Bank, Wise, V i r g i n i a . J J F i r s t National Bancorp, Gainesville, Georgia, for approval to acquire 100 percent of the voting shares of F i r s t Cornelia Corporation, Cornelia, Georgia and i n d i r e c t l y acquire F i r s t Bank of Habersham, Cornelia, Georgia. 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 17 - 8 - ACTIONS OF THE BOARD-Continued St. Louis Centerre Bancorporation, St. Louis, Missouri, for approval t o acquire 100 percent of the voting shares (less d i rectors' q u a l i f y i n g shares) of Centerre Bank of South County, National Association, St. Louis County, Missouri, a proposed new bank. V Minneapolis Dakota Bankshares, I n c . , Fargo, North Dakota, for approval to acquire at least 80 percent of the voting shares of F i r s t National Sank of Hettinger, Hettinger, North Dakota. Kansas City United Banks of Colorado, I n c . , Denver, Colorado, f o r approval t o acquire 100 percent of the voting shares of United Bank of Cherry Creek, N.A., Denver, Colorado, a proposed new bank. J / Kansas City United Banks of Colorado, I n c . , Denver, Colorado, f o r approval to acquire 100 percent of the voting shares of United Bank of Southwest Plaza, N.A., L i t t l e t o n , Colorado, a proposed new bank. J / San qrancisco U.S. Bancorp, Portland, Oregon, f o r approval to acquire 100 percent of the voting shares of F i r s t National Bank of Oregon, Canby, Oregon, a proposed new bank. J / Kansas City Denied Wyoming Bancorporation, Cheyenne, Wyoming, f o r approval to acquire 80 percent or more of the voting shares of American National Bank of Powell, Powell, Wyoming. * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Minneapolis Kansas City \J Approved New London Agency, I n c . , New London, Minnesota, for approval to continue to s e l l general insurance in a community with a population of less than 5,000. JJ Mid-Nebraska Bancshares, I n c . , Ord, Nebraska, for approval t o acquire 100 percent of the assets of Ord Insurance Agency, I n c . , Ord, Nebraska and thereby d i r e c t l y engage in the sale of general insurance in a community with a population of less than 5,000. J / Application processed on behalf of the Board of Governors under delegated authority. - 9 H.2, 1982 No. 17 ACTIONS OF THE BOARD-Continued Kansas City Delayed Farmers and Merchants Bancshares, I n c . , Crescent, Oklahoma, 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 leasing of personal property and servicing such leases) at 116 Grand, Crescent, Oklahoma, serving Logan, Kingfisher and Canadian counties and surrounding rural areas (4/22/82) it Boston Permitted Hospital Trust Corporation, Providence, Rhode Island, 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 and sale of residential and commercial mortgages, and acting as agent f o r the sale of c r e d i t l i f e and credit accident and health insurance d i r e c t l y related to an extension of c r e d i t ) at One Hospital Trust Plaza, Providence, Rhode Island, and 10 Forbes Read, Braintree, Massachusetts, serving Rhode Island, Massachusetts, Connecticut, New Hampshire, Vermont, Maine, New York and New Jersey: the insurance a c t i v i t i e s would be conducted from the Providence o f f i c e , serving Rhode Island only, through i t s subsidiary, RIHT Mortgage Corporation (4/21/82) 3/ New York Barclays Bank Limited, London, England, and Barclays Bank International Limited, London, England, 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 (marketing commercial loans to customers in Oregon, Washington and Alaska) at Orbanco Building, Suite 1000, Office #24, 101 Southwest F i f t h Avenue, Portland, Oregon, through t h e i r subsidiary, BarclaysAmerican/Business C r e d i t , Inc. (4/17/82) 3/ New York C i t i c o r p , 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 (reinsuring credit l i f e and c r e d i t accident and health insurance which is related to extensions of c r e d i t by Citicorp subsidiaries located outside the United States) these a c t i v i t i e s would be conducted in connection with extensions of c r e d i t by Citicorp subsidiaries operating in the following countries: Belgium, France, Germany, I t a l y , and The United Kingdom, through i t s subsidiary, Family Guardian L i f e Insurance Company (4/22/82) 3/ 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 (arranging, making, or acquiring for i t s own account or for the account of others, consumer loans 3/ 4(c)(8) n o t i f i c a t i o n processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1Q82 No. 17 - 10 ACTIONS OF THE BOARD-Continued and home equity loans such as would he made by a consumer finance company, servicing such loans and other extensions of c r e d i t for any person, and acting as an agent or broker for the sale of single and j o i n t c r e d i t l i f e and credit accident and health insurance which is d i r e c t l y related to such loans and extensions of c r e d i t , and from which Finance One Mortgage of North Carolina, I n c . , would engage in the a c t i v i t i e s of purchasing installment sales finance contracts, and acting as agent or broker for the sale of single and j o i n t c r e d i t l i f e insurance and c r e d i t accident and health insurance which is d i r e c t l y related to such loans and extensions of c r e d i t ) at 6623 Executive C i r c l e , Suite 102, Charlotte, North Carolina, serving the following counties: Mecklenburg, Union, southern I r e d e l , Davidson, western Cabarrus, Gaston and eastern Lincoln, through i t s subsidiary, Finance One Mortgage of North Carolina, Inc. (4/17/82) 3/ New York Ramapo Financial Corporation, Wayne, New Jersey, 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 leases of personal property, discounting or rediscounting such leases, making or acquiring loans or other extensions of c r e d i t such as would be made by a commercial finance company, including commercial loans secured by a borrower's inventory, accounts receivable, or other assets; and servicing such loans for others in accordance with the Board's Regulation Y) at 64 Boonton Road, Wayne, New Jersey, serving the New York City metropolitan area and northern New Jersey, through i t s subsidiary, Ramapo Trading Corporation (4/18/82) 3/ 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 and the geographic areas to be served w i l l be the State of Texas, the proposed Corpus C h r i s t i o f f i c e w i l l conduct the a c t i v i t i e s primarily in the counties of Nueces, San P a t r i c i o and Kleberg, the proposed San Antonio o f f i c e w i l l conduct the a c t i v i t i e s primarily in the Counties of Bexar, Comal and Guadalupe) at Suite 9 Everhart Patio Plaza, 5440 Everhart Road, Corpus C h r i s t i , Texas and 4831 Fredericksburg Road, San Antonio, Texas, through i t s subsidiary, Colonial Mortgage Service Company Associates, Inc. (4/20/82) 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, I982N0. 17 -11 ACTIONS OF THE BOARD-Continued Richmond Maryland National Corporation, Baltimore, Maryland, 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 (engaging generally i n the business of leasing personal property (including but not l i m i t e d t o , the leasing of various types of equipment, machinery, vehicles, t r a n s p o r t a t i o n equipment, and data processing equipment and including conditional sales contracts and c h a t t e l mortgages) where the lease i s the functional equivalent of an extension of c r e d i t ; o r i g i n a t i n g and s e r v i c i n g personal property leases as p r i n c i p a l or agent; buying, s e l l i n g and otherwise dealing in personal property lease contracts as p r i n c i p a l or agent; acting as adviser in personal property leasing transactions; engaging in the sale, as agent or broker, of insurance s i m i l a r in form and intent to c r e d i t l i f e and/or mortgage redemption insurance; engaging generally in the business of leasing real property where the lease is the functional ecjuivalent of an extension of c r e d i t ; o r i g i n a t i n g real property leases as p r i n c i p a l or agent; s e r v i c i n g real property leases f o r a f f i 1 i a t e d or n o n a f f i l i a t e d i n d i v i d u a l s , partnerships, corporations or other e n t i t i e s ; buying, s e l l i n g and otherwise dealing in real property leasing transact ions; engaging generally i n commercial lending operations i n c l u d i n g , but not l i m i t e d t o , secured and unsecured commerical loans and other extensions of c r e d i t t o commercial e n t e r p r i s e s ; and a c t i n g as advisor or broker in commercial lending transactions) at 24301 Southland Drive, Suite 611, Hayward, C a l i f o r n i a and 15250 Ventura Boulevard, Suite 508, Sherman Oaks, C a l i f o r n i a , the geographic area to be served w i l l be the western United Staes including but not 1imited t o , the States of C a l i f o r n i a , Oregon, Washington, Arizona, New Mexico, Nevada, Utah, Colorado, Idaho, Montana and Wyoming, through i t s s u b s i d i a r y , Mary land National Leasing Corporation (4/18/82) y Richmond The Wachovia Corporation, Winston-Salem, North Carolina, 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 (providing mortgage banking services, i n c l u d i n g the o r i g i n a t i o n and processing of r e s i d e n t i a l , c o n s t r u c t i o n , development, and income property mortgage loans, the purchase and sale or placement of mortgage loans, the administration and servicing of mortgage loans, the management and sale of properties acquired through foreclosure or t r a n s f e r s i n l i e u of foreclosure, and a c t i n g as agent f o r c r e d i t l i f e and c r e d i t accident and health insurance and f o r property and casualty insurance related to extensions of c r e d i t ) from 615 Wesley Drive, Charleston, South V 4 ( ^ f 8 ) ^ n o t i f f c a ^ i 6 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, 19«? No. 17 - 1? ACTIONS OF THE BOARD-Continued Carolina to the Corporate Square Office Complex at the i n t e r section o f Hal 1 Drive and LaCross Road, North Charleston, South Carolina, serving Charleston, Berkeley and Dorchester, Counties in North Carolina, through i t s subsidiary, Wachovia Mortgage Company (4/21/82) 3/ Atlanta F i r s t National Rank of Pa In Beach, lncor|x>rated, Palm Beach, F l o r i d 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 Tor the account of others, loans; servicing loans; acting as investment or f i n a n c i a l adviser to the extent of providing p o r t f o l i o investment advice to other persons, including real estate investment, advice to such Bank's c l i e n t s ; and leasing real property, or acting as agent, broker or adviser in leasing such property, for the Bank and for others) at 4600 North Ocean Boulevard, Boynton Beacn, F l o r i d a , servicing the southern half of the State of F l o r i d a , through i t s subsidiary. Palm Beach National Corporation (4/18/82) 3/ Dallas Bank S e c u r i t i e s , I n c . , Albuquerque, New Mexico, 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 (processing of demand deposit accounts, savings, c e r t i f i c a t e s of deposit, commercial, installment loans, and mortgage loans, and general ledger) at 23QS Renard, SE, Albuquerque, flew Mexico, serving the State of New Mexico (4/23/82) 3/ San Francisco American Republic Bancorp, Torrance, 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 (acting as agent, broker or adviser in leasing motor vehicles, in accordance with the Board's Requlation Y) in Gardena, C a l i f o r n i a , serving the State o f C a l i f o r n i a , through i t s subsidiary, Republic Leasing Company (4/24/82) 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 ion of intent to engage in de novo a c t i v i t i e s (making or acquiring f o r 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 to small businesses and other extensions of c r e d i t such as would be made by a factoring company or a consumer finance company, and acting as broker or agent for the sale of c r e d i t l i f e , accident and health insurance) at The Home Office Building, 6900 East Camel back Road, Scottsdale, Arizona, serving the State of Arizona, through i t s subsidiary, Security Pacific Finance Corp. (4/19/82) 3/ tj 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on hehalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 17 - 13 ACTIONS OF THE BOARD-Continued San Francisco 37 U.S. Bancorp, n o t i f i c a t i o n of intent t o 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 , e i t h e r 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 to 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 Aurora) at the northeast corner of East l l e f f and South Peria Streets i n Aurora, Colorado, serving the area w i t h i n a three mile radius, through i t s subsidiary, Citizens Aurora I n d u s t r i a l Bank (4/21/82) 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. 17 - 14 APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act New York Chemical Bank, New York, New York. To establish an o f f s i t e electronic f a c i l i t y at 520 Madison Avenue, Eighteenth Floor, Borough of Manhattan, New York, New York. 2J Philadelphia Girard Bank, Bala Cynwyd, Pennsylvania. To establish a branch o f f i c e to be located at 115-117 West State Street, Media, Pennsylvania. 27 Philadelphia Girard Bank, Bala Cynwyd, Pennsylvania. To establish an o f f s i t e electronic f a c i l i t y at Germantown Hospital, One Penn Boulevard, Philadelphia, Pennsylvania. 2/ Richmond Bank of V i r g i n i a , Richmond, V i r g i n i a . To establish a branch at 1235 Jefferson Davis Highway, Arlington, V i r g i n i a . 2/ Richmond United V i r g i n i a Bank, Richmond, V i r g i n i a . To establish a branch at 7818 Parhain Road, Henrico County, V i r g i n i a . 2/ Chicago Chemical Bank and Trust Company, Midland, Michigan. To establish an o f f s i t e electronic f a c i l i t y at Midland Hospital Center, 4005 Orchard Drive, Midland, Michigan. 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act San Francisco New Valley Bank of Nevada, Las Vegas, Nevada. 2/ San Francisco Bank of Milton-Freewater, MiIton-Freewater, Oregon. 2/ ~2J 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. 17 -15APPLICATIONS RECEIVED-Conti nued San Francisco New Valley Bank of Nevada, Las Vegas, Nevada, to merge with Valley Bank of Nevada, Las Vegas, Nevada. 2/ Boston The Connecticut Bank and Trust Company, Hartford, Connecticut, to merge with Orange National Bank, Orange, Connecticut. 2/ * * * * * 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 Chase Manhattan Overseas Banking Corporation, Newark, Delaware p r i o r n o t i f i c a t i o n of i t s intent to enter into a binding commitment for f u r t h e r investment i n Chase Manhattan Bank Luxembourg S.A., Luxembourg. Chicago Continental I l l i n o i s Corporation, Chicago, I l l i n o i s : requests consent to increase i t s investment in i t s subsidiary, Continental I l l i n o i s Overseas Finance Corporation N.V. * * * * * To Establish a U.S. Branch of An Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act Philadelphia Philadelphia International Bank, New York, New York: to establish branch o f f i c e s in Philadelphia, Pennsylvania and Los Angeles, C a l i f o r n i a and t o redsignate the Philadelphia branch as i t s main o f f i c e . * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Philadelphia 2/ Fulton Financial Corporation, Lancaster, Pennsylvania, for approval to acquire 100 percent of the voting shares of Fulton Bank, Harrisburg, Pennsylvania. 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. 17 16 APPLICATIONS RECEIVED-Continued Atlanta Dixie Bancorp I n c . , Miami, Florida, for approval to acquire 100 percent of the voting shares of Dixie Financial Services I n c . , Miami, F l o r i d a , and i n d i r e c t l y acquire at least 80 percent of the voting shares of Dixie National Bank of Dade County, N.A., Miami, Florida. _2/ Atlanta Dixie Financial Services I n c . , Miami, Florida, for approval t o acquire at least 80 percent of the voting shares of Dixie National Bank of Dade County, N.A., Miami, Florida. 2) Chicago AMERICAN - DEKALB BANCORP, INC., De Kalb, I l l i n o i s , f o r approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of The American National Bank of De Kalb, Oe Kalb, I l l i n o i s . 2/ Chicago Decorah State Bank Holding Co., Decorah, Iowa, for approval to acquire 100 percent of the voting shares of the successor by merger to Decorah State Bank, Decorah, Iowa. 2/ Chicago ELGIN STATE BANCORP, INC., E l g i n , I l l i n o i s , for approval t o acquire at least 80 percent of the voting shares of The Elgin State Bank, Elgin, I l l i n o i s . 2/ Chicago Lancaster Bancshares, I n c . , Lancaster, Wisconsin, f o r approval t o acquire at least 80 percent of the voting shares of Lancaster State Bank, Lancaster, Wisconsin. 2J Chicago PARKE BANCORP, Rockvilie, Indiana, for approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger to The Parke State Bank, Rockvilie, Indiana. 2/ Chicago Southern Wisconsin Bancshares Corporation, Mineral Point, Wisconsin, f o r approval to acquire at least 90 percent or more of the voting shares of Farmers Savings Bank, Mineral Point, Wisconsin, j?/ Chicago Suburban Bancorp, I n c . , Palatine, I l l i n o i s , a Delaware corporation f o r approval to acquire at least 80 percent of the voting shares of Suburban Bancorp, I n c . , Palatine, I l l i n o i s , an I l l i n o i s corporation, (Palatine National Bank); SUBPAL BANCORP, INC., Palatine, I l l i n o i s (Suburban National Bank of Palatine); Cary-Grove Bancorp, Cary, I l l i n o i s (Suburban Bank of Cary-Grove); Hoffman Bancorp, I n c . , Hoffman Estates, I l l i n o i s (Suburban Bank of Hoffman-Schaumburg); Meadows Bankcorp, I n c . , Rolling Meadows, I l l i n o i s (Suburban Bank of Rolling Meadows); ELK GROVE BANCORP, INC., Elk Grove V i l l a g e , I l l i n o i s (Suburban National Bank of F.Ik Grove V i l l a g e ) ; and WOODFIELD BANCORP, INC., Schaumburg, I l l i n o i s (Suburban National Bank of Woodfield). 2/ |7 ~ Appl1cation subject t o 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. 17 - 17 APPLICATIONS RECEIVED-Cont.nued St. L iu1s Cabot Bankshares, l n < . , Cabot. Arkansas, f o r approval to acquire at least 80 percent of the voting shares of Bank cf C«iho'., Cabot, Arkansas, i j St. Louis Hardin Courtv Bancshares, I n c . , Savannah, Tennessee, for approval t o acquire at least 80 percent or more of the voting shares of The Hardin County Bank, Savannah, Tennessee. 2/ St. Louis MidAoerica BancSystem, I n c . , Fairview Heights, I l l i n o i s , f o r aporoval to acquire ion oercent of the voting shares of MidAmeritd Bank and Trust Company of Alton, Alton, I l l i n o i s , MidAmerica Bank and Trust Company of Edgemont, East St. Louis, I l l i n o i s , M1<iAmerica Bank and Trust Company of Fairview Heights, Fairview Heights, I l l i n o i s , 2J St. Louis Southeastern Indiana Bancorp, Vevay, Indiana, f o r approval to acquire 100 percent of the voting shares of Vevay Deposit Bank, Vevay, I n d i a n j , successor by merger to Bank of Switzerland County, Vevay, Indiana. 2J Minneapolis Commercial Holding Company, Wagner, South Dakota, f o r approval to acquire 50.8 percent of the voting shares of Commercial State Bank of Wagner, Wagner, South Dakota. 2/ Minneapolis Glenwood Bancshares, I n c . , Glenwood C i t y , Wisconsin, for approval to acquire at least 95.7 percent of the voting shares of F i r s t National bank of Glenwood C i t y , Glenwood C i t y , Wisconsin. 2/ Minneapolis Turtle Bancshares, Incorporated, Turtle Lake, Wisconsin, for approval to acquire 100 percent of the voting shares of Bank of Turtle Lake, Turtle Lake, Wisconsin. 2/ Kansas City Shoshone Financial Corporation, Lowell, Wyoming, for approval to acquire 100 percent of the voting shares of The F i r s t National Bank of L o v e l l , L o v e l l , Wyoming. 2J San Francisco SGV FINANCIAL CORP., El Monte, C a l i f o r n i a , f o r approval to acquire 100 percent of the voting shares of San Gabriel Valley Bank, El Monte, C a l i f o r n i a . Zf San Francisco Valley Capital Corporation, Las Vegas, Nevada, f o r approval t o acquire 100 percent (except d i r e c t o r s ' q u a l i f y i n g shares) of the voting shares of the successor by merger to Valley Bank of Nevada, Lms Vegas, Nevada. 2/ 77 Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of tl,e applicable Reserve Bank may be contacted as to the length of '-he comment period. I H.2, 1982 No. 17 - 18 APPLICATIONS RECEIVED-Continued To Expand a Bank Holding Company Pursuant to Section 3(a)(2) of the Bank Holding Company Act of 1956 Cleveland Union Commerce Corporation, Cleveland, Ohio, f o r approval to r e t a i n 100 percent of the voting shares of The F i r s t National Bank of Nelsonville, Nelsonville, Ohio. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Richmond Jefferson Bankshares, I n c . , C h a r l o t t e s v i l l e , V i r g i n i a , for approval to acquire 100 percent of the voting shares of F i r s t National Bank of the Valley, the successor by merger to The F i r s t National Bank of Luray, Luray, V i r g i n i a . 2/ Chicago Hunter Agency, I n c . , Strawberry Point, Iowa, for approval to acquire at least 57.69 percent of the voting shares of Union Bank and Trust Company, Strawberry Point, Iowa. 2/ Kansas City Industrial Bancshares, I n c . , Kansas C i t y , Kansas and Valley View Bancshares, I n c . , Overland Park, Kansas f o r approval to acquire 7.45 percent each of the voting shares of Security Bancshares, I n c . , Kansas C i t y , Kansas, and i n d i r e c t l y Security National Bank of Kansas C i t y , Kansas C i t y , Kansas. 2J Dal las Consolidated Bancshares, I n c . , Abilene, Texas, for approval to acquire 100 percent of the voting shares of American National Bank, Wichita F a l l s , Texas, Travis Bank & Trust, Austin, Texas and Western State Bank, Midland, Texas. 2/ Dal las F i r s t of Austin Bancshares, I n c . , Austin, Texas for approval to acquire 100 percent of the voting shares of F i r s t National Bank of Cedar Park, Cedar Park, Texas. 2/ Dal las Harris County Bankshares, I n c . , Houston, Texas, for approval to acquire at least 51 percent of the voting shares of Harris County Bank-Northwest, National Association, Houston, Texas, a proposed new bank. 2/ Dal las Mercantile Texas Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares of The Merchants and Planters National Bank of Sherman, Sherman, 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 - 19 - H.2, 1982 No. 17 APPLICATIONS RECEIVED-Continued Dallas National Bancshares Corporation of Texas, San Antonio, Texas, for approval t o acquire 100 percent of the voting shares of National Bank of Commerce-Wurzbach, San Antonio, Texas, a proposed new bank. 2/ Dallas Republic of Texas Corporation, Dallas, Texas, f o r approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of Tyler Bank and Trust Company, Tyler, Texas. 2/ Dallas Texas Commerce Bancshares, I n c . , Houston, Texas, for approval to acquire 100 percent of the voting shares of Texas Commerce Bank-Champions Park, National Association, Houston, Texas, a proposed new bank. 2/ Dallas United Texas Financial Corporation, Wichita F a l l s , Texas, for approval to acquire 100 percent of the voting shares of The Farmers National Bank of Seymour, Seymour, Texas. 2/ San Francisco U.S. Bancorp, Portland, Oregon, for approval to acquire 100 percent of the voting shares of Bank of Milton-Freewater, MiIton-Freewater, Oregon, a proposed new bank. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 St. Louis MidAmerica BancSystem, I n c . , Fairview Heights, I l l i n o i s , for approval to acquire Carbondale Bancshares, I n c . , and i n d i r e c t l y acquire MidAmerica Bank and Trust Company of Carbondale, Carbondale, I l l i n o i s , I l l i n o i s Bancshares, I n c . , and i n d i r e c t l y acquire MidAmerica Bank and Trust Company of Mascoutah, Mascoutah, I l l i n o i s , and MidAmerica Bancshares, I n c . , and i n d i r e c t l y MidAmerica Bank and Trust Company of Lebanon, Lebanon, I l l i n o i s . 2/ Kansas City Commerce Bancshares, I n c . , Kansas C i t y , Missouri, f o r approval to merge with Plaza Bancshares, I n c . , Kansas C i t y , Missouri. 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. H.2, 1982 No. 17 - 2 0 - APPLICATIONS RECEIVED-Continued To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Boston Fleet Financial Group, I n c . , Providence, Rhode Island, (formerly Industrial National Corporation) 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 loans for the purchase of mobile homes) at 125 East Wells Street, Milwaukee, Wisconsin, serving the State of Wisconsin, through i t s subsidiary, Kensington Mortgage and Finance Corp. (4/20/82) Boston Fleet Financial Group, I n c . , Providence, Rhode Island (formerly Industrial National Corporation), 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 ) o r i g i n a t i o n and sale of residential mortgages; ( i i ) o r i g i n a t i o n and sale of loans secured by j u n i o r liens on residential real estate; ( i i i ) servicing of residential mortgage loans and loans secured by j u n i o r liens on residential real estate; ( i v ) insurance agency f o r the sale of c r e d i t l i f e and credit accident and health insurance d i r e c t l y related to an extension of c r e d i t ) at Suite 1, 10046 South Western Avenue, Chicago, I l l i n o i s , the service area f o r the new o f f i c e w i l l be the east central portion of Cook County, I l l i n o i s , through i t s d i r e c t subsidiary, Mortgage Associates, Inc. (a Rhode Island corporation) (4/20/82) Boston Old Stone Corporation, Providence, Rhode Island, 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 , sale and servicing of f i r s t and second mortgage loans, the sale of c r e d i t l i f e and credit health and accident insurance offered in connection with extensions of c r e d i t , which insurance would be reinsured by an a f f i l i a t e , Motor L i f e Insurance Company, Jacksonville, F l o r i d a ; and the sale of casualty insurance on property mortgaged in connection with extensions of c r e d i t ) at Suite 127, 1895 Phoenix Boulevard, College Park, Georgia, serving the southwest metropolitan area of Atlanta and the Georgia counties of Clayton, Fulton, and DeKalb, through i t s subsidiary, DAC Corporation of Georgia (4/20/82) New York Barclays Bank Limited, and Barclays Bank International Limited, both of London, England, requests permission to relocate an e x i s t i n g o f f i c e engaging in the following a c t i v i t i e s (marketing and administering commercial loans secured by accounts receivable, inventory and chattel mortgages, to customers in Texas, Arkansas, Louisiana and New Mexico) from One Main Place, Dallas, Texas, to 3500 Oaklawn Avenue, Dallas, Texas, through t h e i r subsidiary, BarclaysAmerica/Business Credit, Inc. (4/22/82) New York The Chase Manhattan 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, for i t s own account and for the account of others, loans and other extensions of H.2, 1982 No. 17 - 21 APPLICATIONS RECEIVED-Contiriued c r e d i t , both secured and unsecured including, but not l i m i t e d t o , consumer and business lines of c r e d i t , installment loans for personal, household and business purposes and mortgage loans secured by real property; servicing loans and other extensions of c r e d i t ; s e l l i n g travelers checks at r e t a i l ; acting as insurance agent or broker for c r e d i t l i f e insurance and c r e d i t accident and health insurance d i r e c t l y related to such lending and servicing a c t i v i t i e s ) at 5151 East Broadway, Suite 140, Tucson, Arizona, through i t s subsidiary, Chase Manhattan Financial Services, Inc. (4/21/82) Philadelphia F i r s t Valley Corporation, Bethlehem, Pennsylvania, 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 making of commercial leases of personal property in accordance with the Federal Reserve Board's RegulationY) at One Bethlehem Plaza, Bethlehem, Pennsylvania, serving Pennsylvania, New York, New Jersey, Delaware and Maryland, through i t s subsidiary, F i r s t Valley Leasing, Inc. (4/19/82) Richmond NCNB Corporation, Charlotte, North Carolina, n o t i f i c a t i o n of intent to relocate an o f f i c e of i t s subsidiaries, TranSouth Financial Corporation of Florida and TransSouth Mortgage Corporation of F l o r i d a , from 8373 Bird Street to 3901 N.W. 79th Avenue, Miami, F l o r i d a , and to continue to engage i n the following a c t i v i t i e s (making d i r e c t loans f o r consumer and other purposes under the Florida Consumer Finance Act, purchasing r e t a i l installment notes and contracts and acting as agent for the sale of credit l i f e , c r e d i t accident and health and physical damage insurance d i r e c t l y related to i t s extensions of c r e d i t ) through i t s subsidiary, TransSouth Financial Corporation of F l o r i d a ; and (making d i r e c t loans for consumer and other purposes under the general usury statutes, purchasing r e t a i l installment notes and contracts, making direct loans t o dealers for the financing of inventory ( f l o o r planning) and working c a p i t a l purposes and acting as agent for the sale of c r e d i t l i f e , c r e d i t accident and health and physical damage insurance d i r e c t l y related to i t s extensions of c r e d i t ) through i t s subsidiary, TranSouth Mortgage Corporation of Florida (4/19/82) Chicago Suburban Bancorp, I n c . , Palatine, I l l i n o i s , for approval to engage in c r e d i t - r e l a t e d insurance and mortgage banking a c t i v i t i e s through the acquisition of Brockway Insurance Agency, I n c . , Palatine, I l l i n o i s , and Suburban Mortgage Corporation, Palatine, I l l i n o i s . St. Louis HidAmerica BancSystem, I n c . , Fairview Heights, I l l i n o i s , f o r approval to acquire 100 percent of the voting shares of Lincoln T r a i l Insurance Agency, Lebanon, I l l i n o i s . H.2, 1982 No. 17 - 22 APPLICATIONS RECEIVED-Continued Minneapolis Zappco, I n c . , St. Cloud, Minnesota, f o r approval to acquire 100 percent of the voting shares of Financomp, I n c . , St. Cloud, Minnesota. San Francisco F i r s t Interstate Bancorp, 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 t o engage i n de novo a c t i v i t i e s ( i n acting as an i n vestment or f inancial adviser t o the extent set f o r t h in the Board's Regulation Y) in Reno, Nevada and Las Vegas, Nevada, serving Nevada, Oregon, C a l i f o r n i a , Arizona, Utah, and Idaho, through i t s wholly-owned subsidiary, F i r s t Interstate Investment Advisers of Nevada, Inc. (4/16/82) San Francisco Imperial Bancorp, Inglewood, 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, acquiring or placing loans ( p r i m a r i l y insurance premium financing) and other extensions of c r e d i t f o r i t s own account and f o r the account of others and servicing such loans and other extensions of c r e d i t for i t s own account and f o r the account of others throughout the United States; the company has previously commenced insurance premium finance a c t i v i t i e s throughout the States of Alaska, Arizona, Nevada, Oregon and Washington) at 1603 116th Avenue, N.E., Bellevue, Washington; 2910 East Camelback Road, Phoenix, Arizona; 3200 Wilshire Boulevard, Los Angeles, C a l i f o r n i a and 50 C a l i fo rn i a Street, San Francisco, C a l i f o r n i a , through a wholly owned subsidiary, Imperial Creditcorp (4/19/82) San Francisco Old National I n c o r p o r a t i o n , Spokane, Washington, 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, f o r i t s own account or for the account of others, loans or other extensions of c r e d i t , secured by real estate mortgages or deeds of t r u s t , and the servicing of such loans, and such other a c t i v i t i e s as are incidental to the operations of a mortgage company including, but not limited t o , acting as agent or broker for the sale of morgage redemption l i f e and d i s a b i l i t y insurance and property and casualty insurance to be issued in connection with the making, acquiring or servicing of such loans) at 1111 Third Avenue, Suite 1400, Seattle, Washington, through i t s subsidiary, Bancshares Mortgage Company (4/19/82) 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 i n de novo a c t i v i t i e s (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 for the sale of c r e d i t - r e l a t e d property insurance, as authorized by C a l i f o r n i a law) at 591 Camino De La Reina, Suite 909, San Diego, C a l i f o r n i a ; 400 North Tustin, Suite 110, Santa Ana, C a l i f o r n i a and 528 East Main Street, Suite 530, Santa Maria, 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 subs i d i a r y , Security Pacific Finance Money Center Inc. (4/26/82) 17 - 23 APPLICATIONS RECEIVED-Continued 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 (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 to small businesses and other extensions of c r e d i t such as would be made by a factoring company or a consumer finance company and acting as broker or agent for the sale of c r e d i t - r e l a t e d property from o f f i c e s of Security Pacific Finance Corp. and Security Pacific Finance Credit Corp.) at 3690 Orange Place, Suite 330, Beachwood, Ohio, serving the State of Ohio, through i t s subsidiaires, Security Pacific Finance Corp. and Security Pacific Finance Credit Corp. (4/19/82) 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 ( i n appraisals of commercial and residential 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 Regu l a t i o n Y) at 555 S.W. Oak Street, Portland, Oregon, serving customers in the Western United States, primarily in the State of Oregon (4/20/82) 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 credit secured by real estate mortgages for i t s own account or for the account of others, including, but not l i m i t e d t o , f i r s t and second mortgage loans, commercial, income and business loans; 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 Creditcorp and to perform real estate appraisals in conformance with the provisions of Section 225.4(a)(1), 225.4(a)(2), 2 2 5 . 4 ( a ) ( 9 ) ( i ) ( a ) , and 225.4(a)(14) of Regulation Y) at Phoenix, Arizona within an area bounded by Thomas Road on the south, McDonald Drive and extension of McDonald Drive on the north, 24th Street on the west and 60th Street on the east, the geographic area to be served w i l l be p r i n c i p a l l y Phoenix and Maricopa County, Arizona, through i t s subsidiary, U.S. Creditcorp (4/2/82) 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, for i t s own account or for the account of others including, but not l i m i t e d t o , consumer loans; installment sales contracts and other forms of receivables; making investments and acting as insurance agent with regard to credit l i f e and d i s a b i l i t y insurance, property and casualty insurance, solely in connection with extensions of credit by Bancorp Services; Bancorp r e l i e s upon the relevant provision of Section 225.4(a) of Regulation Y as follows: 225.4(a)(1), (2), ( 3 ) , and ( 9 ) ( i ) ( a ) ) at 753-1 El Camino Real, Sunnyvale, C a l i f o r n i a , the geographic area to H.2, 1982 No. 17 - 24 APPLICATIONS RECEIVED-Continued be served w i l l be p r i n c i p a l l y the SMSA defined as Santa Clara County, a primary service area within the SMSA has been i n d e n t i f i e d as the City of Sunnyvale, through i t s subsidiary, U.S. Bancorp Financial Services, Inc. (4/20/82) San Francisco U.S. Bancorp, Portland, Oregon, 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, 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; installment 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 t o credit l i f e and d i s a b i l i t y insurance solely in connection with exensions of credit by Grand Junction I n d u s t r i a l ; Bancorp r e l i e s upon the relevant provision of Section 225.4(a) of Regulation Y as follows: 225.4(a)(1), ( 2 ) , ( 3 ) , and (9) ( i ) ( a ) ) near the intersection of 24-1/2 Road and U.S. Highway 6-50 in an unincorporated area of Mesa County near the western c i t y l i m i t s of Grand Junction, Colorado, through i t s subsidiary, Grand Junction U.S. Industrial Bank (4/23/82) * * * * * REPORTS RECEIVED None. * * * * * PETITIONS FOR RULEMAKING None. I
@FedFRASER