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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( H . 2 , 1981 No. 17 A c t i o n s of t h e Board; A p p l i c a t i o n s and Reports Received During t h e Week Ending April 25, APPLICABLE RESERVE BANK 1981 ACTIONS OF THE BOARD The Federal R e s e r v e Board has e x t e n d e d for s i x months the d e f e r r a l of r e s e r v e requirements f o r nonmenber d e p o s i t o r y i n s t i t u t i o n s with l e s s than $2 m i l l i o n t o t a l d e p o s i t s . The Federal Reserve Board approved Federal Reserve Bank e x p e n d i t u r e s to reduce f l o a t . Survey o f c o m p l i a n c e c o s t s of consumer p r o t e c t i o n R e g u l a t i o n s E, B, and Z. L e t t e r denying t h e r e q u e s t by Mr. L o u i s J. Roussel f o r a p e r s o n a l appearance b e f o r e t h e Board in c o n n e c t i o n with h i s p e t i t i o n to v a c a t e the removal O r d e r . Wyandotte S a v i n g s Bank, Wyandotte, M i c h i g a n , to make an i n v e s t m e n t in bank p r e m i s e s . V a l l e y Bank and Trust Company, S a l t Lake C i t y , U t a h , t o make an i n v e s t m e n t in bank p r e m i s e s . New York Chase Manhattan C o r p o r a t i o n , New York, New York, e x t e n s i o n of time to April 14, 1982, w i t h i n vhich to c o n t i n u e to hold s h a r e s of Compania de Las Fabric as de Papel de San R a f a e l y Anexas , S. A. _L/ Atlanta F i r s t Owinnett B a n c s h a r e s , I n c . , L a w r e n c e v i l l e , Georgia, e x t e n s i o n of t i m e u n t i l August 4 , 1981, w i t h i n fchich to become a bank h o l d i n g company by a c q u i r i n g F i r s t N a t i o n a l Bank of Gwinnett County, L a w r e n c e v i l l e , G e o r g i a . \J Dal l a s H a r r i s County Bankshares, I n c . , Houston, T e x a s , e x t e n s i o n of time t o May 2 0 , 1981, w i t h i n which to consummate the a c q u i s i t i o n of Bank of H a r r i s County, N a t i o n a l A s s o c i a t i o n , Houston, T e x a s . 1/ 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. H.2, 1981 No. 17 - 2 ACTIONS OF THE BOARD-Cont inued Minneapoli s Lakeland Agency, I n c . , Pequot Lakes, Minnesota, 30-day e x t e n s i o n of t i m e v h i t h i n which to consummate the a c q u i s i t i o n of Lakeland S t a t e Bank, Pequot Lakes, Minnesota. \J Ch i c a g o N a t i o n a l Bancorp, I n c . , Melrose Park, I l l i n o i s , e x t e n s i o n of time to May 31, 1981, w i t h i n which to become a bank h o l d i n g company through t h e a c q u i s i t i o n o f 100 percent of t h e v o t i n g s h a r e s of the s u c c e s s o r by merger to M e l r o s e Park N a t i o n a l Bank, M e l r o s e Park, I l l i n o i s . JL/ San Francisco V a l l e y N a t i o n a l C o r p o r a t i o n , P h o e n i x , A r i z o n a , e x t e n s i o n of time to September 3 0 , 1981, w i t h i n vhich to become a bank h o l d i n g company through a c q u i s i t i o n of the V a l l e y N a t i o n a l Bank o f A r i z o n a , P h o e n i x , A r i z o n a . \J Cleveland Apple Creek Banking Company, Apple Creek, O h i o , t o i n v e s t in bank p r e m i s e s . \J New York Commercial Trust Company o f New J e r s e y , J e r s e y C i t y , New J e r s e y , to make an a d d i t i o n a l i n v e s t m e n t in bank p r e m i s e s . 1/ Atlanta Gulf Coast Bank of P i n e l l a s , Madeira Beach, F l o r i d a , t o in bank p r e m i s e s . JJ Philadelphia Independent Bank & Trust Company, West T r e n t o n , New J e r s e y , t o pay a d i v i d e n d . _1/ Atlanta American Bank & Trust Company, L a f a y e t t e , L o u i s i a n a , proposed merger with ABT Bank & Trust Company, L a f a y e t t e , L o u i s i a n a ; r e p o r t t r a n s m i t t e d to the Federal D e p o s i t Insurance Corporat i o n on c o m p e t i t i v e f a c t o r s . JL/ Philadelphia American Bank and Trust Co. of Pa. , R e a d i n g , P e n n s y l v a n i a , proposed merger with t h e Browns town N a t i o n a l Bank, Browns town, P a . , under the the t i t l e and c h a r t e r of American Bank and T r u s t Co. of Pa. ; r e p o r t t r a n s m i t t e d to t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . J L / Atlanta American Banking Company, M o u l t r i e , G e o r g i a , proposed merger w i t h ABC I n t e r i m , I n c . , M o u l t r i e , G e o r g i a ; r e p o r t t r a n s m i t t e d to t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/ Dal l a s F i r s t S t a t e Bank a t G a l l u p , G a l l u p , New Mexico, p r o p o s a l t o merge w i t h New F i r s t S t a t e Bank a t Gallup, G a l l u p , New Mexico; r e p o r t t r a n s m i t t e d to t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/ invest 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authori t v . H. 2, 1981 No. 17 - 3 ACTIONS OF THE BOARD-Continued Atlanta P l a n t e r s Trust & S a v i n g s Bank, O p e l o u s a s , L o u i s i a n a , proposed merger with New P l a n t e r s Trust & S a v i n g s Rank , Opel on s as, L o u i s i a n a ; r e p o r t t r a n s m i t t e d to the Federal D e p o s i t Insurance C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . \J Chicago Republic Bank o f Boone County, B e l v i d e r e , I l l i n o i s , a p p l i c a t i o n f o r prior approval to merge with Boone S t a t e Bank, B e l v i d e r e , I l l i n o i s , under the c h a r t e r of Republic Rank o f Boone Countv, B e l v i d e r e , I l l i n o i s , and t i t l e of Boone S t a t e Bank, B e l v i d e r e , I l l i n o i s ; r e p o r t t r a n s m i t t e d t o the Federal D e p o s i t Insurance C o r p o r a t i o n on c o m p e t i t i v e F a c t o r s . 1/ r S o u t h e a s t N a t i o n a l Bank o f P e n n s y l v a n i a , C h e s t e r , P e n n s y l v a n i a , proposed merger with S o u t h e a s t N a t i o n a l Interim Bank of Penns y l v a n i a , Malvern, P e n n s y l v a n i a , under the t i t l e of S o u t h e a s t N a t i o n a l Bank of P e n n s y l v a n i a and the charter of S o u t h e a s t N a t i o n a l Bank o f Pennsylvania;* report t r a n s m i t t e d to the Comptroller of t h e Currency on c o m p e t i t i v e f a c t o r s . 1/ ladelphia n - v : >n (, • . c a s o S u f f o l k Frank 1 in S a v i n g s Rank, Bos to n, M a s s a c h u s e t t s , proposal to merge w i t h Mutual Rank for S a v i n g s , Newton Centre, Massa c h u s e t t s ; report t r a n s m i t t e d to the Federal D e p o s i t I n s u r ance C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . _!_/ Warren Bank, Warren, Michigan, a p p l i c a t i o n for p r i o r approval to merge w i t h WB Bank, Warren, Michigan, under the charter and t i t l e of Warren Bank, Warren, Michigan; report t r a n s m i t t e d to t h e F e d e r a l D e p o s i t Insurance Corporation on c o m p e t i t i v e f a c t o r s . 1/ I / A p p l i c a t i o n p r o c e s s e d on b e h a l f of aut h o r i t y . the Board of Cove m o r s under ie ! e l a t e d H.2, 4 - 1981 No. 17 ACTIONS OF THE BOARD-Continued To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 o f t h e Federal Reserve Act New York Approved Chemical Bank, New York, New York. To e s t a b l i s h a l i m i t e d branch o f f i c e at IBM C o r p o r a t i o n , 400 Columbus Avenue V a l h a l l a , Weschester County, New York. 1/ New York Chemical Bank, New York, New York. To e s t a b l i s h a l i m i t e d branch o f f i c e at IBM C o r p o r a t i o n , Old Orchard Road, Armonk, W e s t c h e s t e r County, New York. 1/ New York Chemical Bank, New York, New York. To e s t a b l i s h a l i m i t e d branch o f f i c e of IBM C o r p o r a t i o n , 520 White P l a i n s Road, Tarrytown, Weschester County, New York. 1/ Cleveland The Apple Creek Banking Company, Apple Creek, Ohio. Branch to be e s t a b l i s h e d at 113 West L i b e r t y S t r e e t , Wooster, Wayne County, O h i o . 1/ Atlanta Central Bank o f Montgomery, Montgomery, Alabama. To e s t a b l i s h an automated t e L l e r machine a t 2905-A Montgomery M a l l , Montgomery, Alabama. \ ] San Francisco Union Bank, Los A n g e l e s , C a l i f o r n i a . Branch to be e s t b l i s h e d in the v i c i n i t y o f the i n t e r s e c t i o n of S l a u s o n and E a s t e r n Avenues, Commerce, Los A n g e l e s County, C a l i f o r n i a . JY San Francisco United C a l i f o r n i a Bank, Los A n g e l e s , C a l i f o r n i a . Branch to be e s t a b l i s h e d in t h e v i c i n i t y of the i n t e r s e c t i o n of T h i r t e e n t h and Spring S t r e e t s , Paso R o b e l s , San Luis Obispo County, C a l i f o r n i a . J7 San Francisco Val ley Bank and Trust Company, S a l t Lake C i t y , Utah. Branch to be e s t b l i s h e d a t 185 South S t r e e t , S a l t Lake C i t y , Utah. \ j * * * * * To Become a Member of t h e Federal Reserve System Pursuant t o S e c t i o n 9 o f t h e F e d e r a l Reserve Act R ichmond Approved The Bank o f C h a r l o t t e County, P h e n i x , V i r g i n i a . 1/ 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. H.2, 1981 No. 17 — 5 ACTIONS OF THE BOARD-Continued I s s u e d I n t e n t Not to Disapprove Change in Control Pursuant t o Change i n Bank Holding Company Act of 1978 Minneapolis Not Disapproved Glen-An C o r p o r a t i o n , Sioux F a l l s , South Dakota. 1/ * * * * * A p p l i c a t i o n s and N o t i f i c a t i o n s for I n t e r n a t i o n a l I n v e s t and Other A c t i o n s Pursuant to S e c t i o n s 25 and 2 5 ( a ) o f t h e Federal R e s e r v e Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) o f t h e Bank H o l d i n g Company Act o f 1956, as amended San Francisco Approved Overseas T r u s t Bank, Hong Kong: on b e h a l f of i t s branch i n San F r a n c i s c o , t o e n t e r i n t o an agreement w i t h the F e d e r a l Reserve System to r e c e i v e o n l y such d e p o s i t s as would be p e r m i s s i b l e under S e c t i o n 5 ( a ) of The I n t e r n a t i o n a l Banking Act * * * * * To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company Act o f 1956 Atlanta Approved ABC Holding Company, M o u l t r i e , G e o r g i a , f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of the s u c c e s s o r by merger to American Banking Company, M o u l t r i e , G e o r g i a . JJ Ch i c a g o ALSIP BANCORPORATION, INC., A l s i p , I l l i n o i s , for approval t o a c q u i r e at l e a s t 80 percent of the v o t i n g s h a r e s of A l s i p Bank and T r u s t , A l s i p , I l l i n o i s , a proposed new bank. _1/ Ch i c a g o C o l o n i a l Bancoirpo rat ion, I n c . , Th i e n s v i 1 le , W i s c o n s i n , f o r approval to a c q u i r e 80 percent o r more of t h e v o t i n g s h a r e s of C o l o n i a l S t a t e Bank, Th l e n s v i l le , Wisconsin and Rich f i e l d S t a t e Bank, Rich f i e l d , W i s c o n s i n . \ j Chicago D e l h i Bancshares I n c . , D e l h i , Iowa, f o r approval to a c q u i r e a t l e a s t 9 8 . 2 percent of t h e v o t i n g s h a r e s of D e l h i S a v i n g s Bank, D e l h i , Iowa. \J 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority H. 2 , 1981, No. 17 - 6 - ACTIONS OF THE BOARD-Continued Chicago Freeport B a n c s h a r e s , I n c . , F r e e p o r t , I l l i n o i s , f o r approval to a c q u i r e 100 percent ( l e $ s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the v o t i n g s h a r e s of Midwest Bank of F r e e p o r t , F r e e p o r t , II l i n o i s . JL/ Chicago Van Home B a n c s h a r e s , I n c . , Van H o m e , Iowa, f o r approval t o a c q u i r e 100 percent of t h e v o t i n g s h a r e s of Van Home S a v i n g s Bank, Van H o m e , Iowa. JL/ S t . Louis B r i g h t o n B a n c s h a r e s C o r p o r a t i o n , B r i g h t o n , T e n n e s s e e , for approval t o a c q u i r e at l e a s t 80 percent of the v o t i n g s h a r e s of B r i g h t o n Bank, B r i g h t o n , T e n n e s s e e . If Minneapolis Bovey F i n a n c i a l C o r p o r a t i o n , Bovey, Minnesota, f o r approval to a c q u i r e 8 3 . 7 percent of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank o f Bovey, Bovey, Minnesota. If Minneapolis F a r i b a u l t B a n c s h a r e s , I n c . , F a r i b a u l t , M i n n e s o t a , for approval to a c q u i r e at l e a s t 9 3 . 6 4 p e r c e n t of t h e v o t i n g s h a r e s of The S t a t e Bank o f F a r i b a u l t , F a r i b a u l t , Minnesota. If Minneapolis Northwoods Bankshares, I n c . , Fond du Lac, W i s c o n s i n , f o r approval to a c q u i r e a t l e a s t 88 percent of t h e v o t i n g s h a r e s of Bank o f Spooner, Spooner, W i s c o n s i n . JJ Kansas C i t y Campbell S t a t e Company, Campbell, Nebraska, for approval t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of Campbell S t a t e Bank, Campbell, Nebraska. JJ Kansas C i t y Orchard V a l l e y F i n a n c i a l C o r p . , H o t c h k i s s , Colorado, f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of The F i r s t S t a t e Bank of H o t c h k i s s , H o t c h k i s s , Colorado. 1/ Dallas Live Oak Bancshares C o r p o r a t i o n , George West, T e x a s , f o r approval to a c q u i r e at l e a s t 80 percent of t h e v o t i n g s h a r e s of F i r s t N a t i o n a l Bank in George West, George West, T e x a s . JJ Dallas P e d e r n a l e s Investment C o r p o r a t i o n , D a l l a s , T e x a s , for approval to a c q u i r e 100 p e r c e n t ( l e s s directors" 1 q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s of P e d e r n a l e s - B i a n c o C o r p o r a t i o n , D a l l a s , Texas and i n d i r e c t l y Johnson City Bank, Johnson C i t y , T e x a s . if if A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. H . 2 , 1981 No. 17 - 7 ACTIONS OF THE BOARD-Continued Dallas South Texas B a n c s h a r e s , I n c . , B e e v i l l e , Te x a s, f o r approval to a c q u i r e 100 p e r c e n t ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s of The Commercial N a t i o n a l Bank o f B e e v i l l e , B e e v i l l e , Texas and F i r s t S t a t e Bank o f Math i s , Math i s , T e x a s . 1/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) o f t h e Bank Holding Company Act of 1956 Boston Approved F i r s t Bancorp o f N . H . , I n c . , Manchester, New Hampshire, f o r approval to a c q u i r e 80 percent o r more of t h e v o t i n g s h a r e s of White Mountain N a t i o n a l Bank o f North Conway, North Conway, New Hampshire. \J Cleveland Ohio C i t i z e n s Bancorp, I n c . , T o l e d o , Ohio, f o r approval to a c q u i r e 8 0 . 8 1 percent of t h e v o t i n g s h a r e s of The Farmers & Merchants D e p o s i t Company, Swanton, Ohio. If Chicago N a t i o n a l D e t r o i t C o r p o r a t i o n , D e t r o i t , Michigan, for approval t o a c q u i r e 80 p e r c e n t or more of the v o t i n g s h a r e s of the s u c c e s s o r by merger t o N a t i o n a l Ann Arbor C o r p o r a t i o n , Ann Arbor, Michigan and i n d i r e c t l y a c q u i r i n g 100 percent of the v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of N a t i o n a l Bank and Trust Company o f Ann Arbor, Ann Arbor, Michigan and Monroe County Bank, Dundee, Michigan. 1/ Dallas Chisholm F i n a n c i a l S e r v i c e s , I n c . , R i c h a r d s o n , T e x a s , f o r approval to a c q u i r e 82 percent of t h e v o t i n g s h a r e s o f Chisholm N a t i o n a l Bank, P i a n o , T e x a s , a proposed new bank. 1/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) o f t h e Bank_Holding Company Act o f 1956 Chicago Approved D e l h i Bancshares I n c . , D e l h i , Iowa, for approval to a c q u i r e D e l h i Insurance Agency, a company engaged i n g e n e r a l i n s u r a n c e a c t i v i t i e s i n D e l h i , Iowa, a community with a p o p u l a t i o n not e x c e e d i n g 5 , 0 0 0 . 1/ 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of authority. the Board of Governors under d e l e g a t e d 8 H.2, 1981 No. 17 - 8 ACTIONS OF THE BOARD-Continued Chicago GRISWOLD STATE BANCSHARES, INC., G r i s w o l d , Iowa, f o r approval to r e t a i n 100 percent of t h e v o t i n g s h a r e s of Lary Insurance Agency, through the Prokop Insurance Agency, a wholly-owned s u b s i d i a r y of GRISWOLD STATE BANCSHARES, INC. Chicago Van Home B a n c s h a r e s , I n c . , Van Home, Iowa, f o r approval to a c q u i r e Van Home I n s u r a n c e Agency, Van H o m e , Iowa, a company t h a t s e l l s g e n e r a l i n s u r a n c e in a community w i t h a p o p u l a t i o n o f l e s s than 5 , 0 0 0 . Kansas C i t y New York Reactivated Southwest Bancshares C o r p o r a t i o n , Oklahoma C i t y , Oklahoma, 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 ( t h e s a l e of i n s u r a n c e d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t by i t s s u b s i d i a r y bank, Farmers and Merchants Bank, E u f a u l a , Oklahoma and by i t s nonbanking l e n d i n g s u b s i d i a r y , PBC F i n a n c i a l C o r p o r a t i o n , Oklahoma C i t y , Oklahoma) i n E u f a u l a , Oklahoma and Oklahoma C i t y , Oklahoma, t h e g e o g r a p h i c area to be served by the E u f a u l a , Oklahoma o f f i c e i n c l u d e s Mcintosh County, Oklahoma and the g e o g r a p h i c a r e a to be served by the Oklahoma C i t y , Oklahoma o f f i c e i n c l u d e s t h e Oklahoma C i t y SMSA, through a s u b s i d i a r y , Southwest Bancshares Insurance Agency, Inc. (4/23/81) 3/ Permitted The Chase Manhattan C o r p o r a t i o n , New York, New York, r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g , for i t s own account or f o r the account of o t h e r s , l o a n s and o t h e r e x t e n s i o n s o f c r e d i t secured by r e a l e s t a t e i n c l u d i n g , but not l i m i t e d t o , f i r s t and second mortgage loans secured by mortgages on o n e - t o - f o u r f a m i l y r e s i d e n t i a l p r o p e r t i e s ; s e r v i c i n g loans and o t h e r e x t e n s i o n s of c r e d i t for any person; t o s e l l mortgage l o a n s in t h e secondary market; and t o o f f e r mortgage term l i f e i n s u r a n c e , a c c i d e n t and h e a l t h i n s u r a n c e and d i s a b i l i t y i n s u r ance d i r e c t l y r e l a t e d t o such l e n d i n g and s e r v i c i n g a c t i v i t i e s ) i n t h e area of t h e V i l l a g e Square Shopping C e n t e r , Oregon P i k e , L a n c a s t e r , P e n n s y l v a n i a , through i t s s u b s i d i a r y , Chase Home Mortgage C o r p o r a t i o n ( 4 / 2 4 / 8 1 ) 1' 3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of of Governors under d e l e g a t e d a u t h o r i t y . i the Board • H.2, 1981 No. 17 • - 9 ACTIONS OF THE SQARfr-Cont inued New York Chemical New York C o r p o r a t i o n , NeW York, New York, t o expand the a c t i v i t i e s of i t s i n d i r e c t subs i - d i t i r i e s , Sun S t a t e s L i f e Insurance Company and Great "Lakes* Insurance Company, both o f C l e v e l a n d , O h i o , to i n c l u d e the r e i n s u r i n g of c r e d i t l i f e and a d c i d e n t and h e a l t h i n s u r a n c e w r i t t e n in c o n n e c t i o n with e x t e n s i o n s o f t r e d i t made by t h e f i n a n c e s u b s i d i a r i e s of A p p l i c a n t ' s d i r e c t s u b s i d i a r y , Sunamerica C o r p o r a t i o n , in t h e S t a t e o f F l o r i d a ( 4 / 1 9 / 8 1 ) 3/ New York C i t i c o r p , New York, New York, r e q u e s t s ' p e r m i s s i o n to expand the a c t i v i t i e s and s e r v i c e area of an e x i s t i n g o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s (making, a c q u i r i n g , and s e r v i c i n g , for i t s own account- a Aid for t h e accoiant of o t h e r s , e x t e n s i o n s of c r e d i t secured by l i e n s on r e s i d e n t i a l r e a l e s t a t e ; t h e p r e v i o u s l y approved a c t i v i t i e s of the o f f i c e i n c l u d e the making, a c q u i r i n g and s e r v i c i n g of e x t e n s i o n s o f c r e d i t secured by second l i e n s on r e s i d e n t i a l r e a l e s t a t e ; and t h e o r i g i n a t i n g * f o r i t s own account and t h e account of o t h e r s , of o n e - t o - f o u r f a m i l y r e s i d e n t i a l mortgage l o a n s ; the p r e v i o u s l y approved s e n / i c e area of t h e o f f i c e , comprised of t h e m e t r o p o l i t a n San J o s e a r e a , w i l l a l s o be expanded t o i n c l u d e the e n t i r e S t a t e of C a l i f o r n i a for a l l t h e a c t i v i t i e s of t h e o f f i c e ) a t 1735 N. F i r s t S t r e e t , S u i t e 3 1 0 , San J o s e , C a l i f o r n i a , t h r o u g h i t s s u b s i d i a r y , C i t i c o r p Homeowners, I n c . ( 4 / 2 2 / 8 1 ) 3f Nev York Manufacturers Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e e n g a g ing i n the f o l l o w i n g a c t i v i t i e s ( l e a s i n g r e a l and p e r s o n a l p r o p e r t y on a f u l l payout b a s i s , a c t i n g as a g e n t , b r o k e r or a d v i s e r in l e a s i n g such p r o p e r t y ; making o r a c q u i r i n g for i t s own account or for t h e a c c o u n t of o t h e r s l o a n s and o t h e r e x t e n s i o n s of c r e d i t such as would be made by a commercial f i n a n c e or c o m m e r c i a l mortgage company w i t h r e s p e c t to real and/or p e r s o n a l p r o p e r t y , and s e r v i c i n g such l e a s e s , l e a n s and o t h e r e x t e n s i o n s of c r e d i t as permitted under S e c t i o n s 2 2 5 . 4 ( a ) ( 1 ) , ( 3 ) and ( 6 ) of R e g u l a t i o n Y) at 34 North Meramec, C l a y t o n , M i s s o u r i , through i t s s u b s i d i a r y , Manufacturers Hanover ^ e a s i n g C o r p o r a t i o n ( 4 / 2 3 / 8 1 ) 3_/ Cleveland Pittsburgh National Corporation, Pittsbarghy P e n n s y l v a n i a , not i f i c a t i o n of i n t e n t to engage in t h e f o l l o w i n g a c t i v i t i e s (mortgage banking , i nc ludi,ng t he n& of r i n g and s e r v i c i n g for i t s ovfn account a nd or the, a4&ount of r o t h e r s , 3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Kea^rve B a # on, j^ehal f O f : I then Board of Governors under d e l e g a t d a u t h o r i s t y V r f H.2, 1981 No. 17 - 10 V : •;r - ... ,, ... - i: inued iR the metropo-U^ip area jo£ £rfmd : Rapids*; M^hjLga^ through a s u b s i d i a r y , The K i s a e l l <keperty. 4 VrM/i&fc) Sdr.w.;-: C l e v e land •" ••' * ;• • t. HO s b n e i s v s l v . Pittsburgh t;4qnal f f t t jsj?ur£h, P e n n s y l v a n i a , IK*jLf£$atictii - i n l ^ y i t , < . ija th£ f o l l o w i n g a c t i v i t i e s '(ifortgaj^ bRnHii%ri i ^ j ^ n g the. making or a c q u i r ing .and s e r v i c i n g g^.r. ^ccou.n.t and or the account of o t h e r s , loans and other e x t e n s i o n s o f c r e d i t ) in the M e t r o p o l i t a n area of Manassas and Annandale, V i r g i n i a and Baltimore* Marjtlaynd^ithr£»^ s u b s i d i a r y , The K i s s e l 1 Compaq, S|»ingJEietL4, 3/. Chicago Independence Bgnfc Grc^y>rff^nc ^ jW^akesha, Wi scons i n , not i f i c a t i o n of intent e^agje i n dg novo a c t i v i t i e s ( t o engage i n making, acq^irj^r^, ^elliTig and s e r v i c i n g mortgage l o a n s ) the geography: ^c;cpe i s s o u t h e a s t e r n W i s c o n s i n , through i t s s u b s i d i a r ^ |In<^$$|r|dence Mortgage Company, InC » (4V2S/81) j / ; , r j £HB 1 3B If,'- i S t , Louis Wasterq %enfcuck,y ZJLvermore, Kentucky, not i f i c a t ion ^ f i n de, novo a c t i v i t i e s (acLing : i y a s u r ^ n % q y g ^rojker w i t h r e s p e c t to the s a l e xxf iacci<|ei|t h^ajlfch, a$& property and c a s u a l t y i n s or a ace wb *ch t s ?d i ^ §c,%l y l ^ t ed. t o ex tens ions of c r e d i t by i t s ubsidi^r^y |th i s a c t i v i t y w i l l be conducted only a t the o f f i c e s of the s u b s i d i a r y bank, Farmers & Merchants Bank*^iv^rnpre^ Kentucky ( 4 / 2 1 / 8 1 ) 3 / 2 ' "*?' a ;; j r , ' FirstBank Holding C^mpa^y,, ?^£Kevgood, Colorado, n o t i f i c a t i o n -of i n t e n t to ..engage. in^4^, novo act i v i t i e s ( t o engage i n i n d u s t r i a l banking ^ c ^ i v ^ i e s ) the geographic area to be s e r v e d i n c l u d e s t h e X o w n ^ f v V a i l , Colorado and the surrounding a r e a , through a A g^j)sidi,ary., Vail FirstBank I n d u s t r i a l Bank,. t ^ a i l & Colc^rj^o ( 4 / 2 0 / 8 1 ) 37 Kansas C i t y Kansas C i t y Seuthw£s£c,&ane§hgr££jCofgg^ajt^n^ Oklahoma C i t y , Oklahoma, n o t i f i e d i n de novo a c t i v i t i e s ( , - s a l e o f , i n f $|ag?£f| ^ j y e c | | | . r e l a t e d to e x t e n s i o n s of c r e d ^ J a y . i t S ; ^ ^ ^ i a ^ b g p k , Farmers and Merchants r W%$a*A*,&gipl9WjWn&*^Pptxank^nding s u b s i d i a r y , PRC F i n a n c i a l Corporation, Oklahoma C i t y , ; . * « W W m city, , ; u : ^j n; o) jn @ an i 3o , ^—:—i:—p; . y r r jWd , anldnsd 3/ 4 ( c ) ( 8 ) # t f # n ^ ^ o ^ ^ g ^ b%,#eggprg jlag% - op, behal f of the Board of Governors under d e l e g a t e d a u t h o r i t y . in 1 i * f W nr. Wn&m yd b9*##»D03q n o T ^ u ! x ,nn ; - ( \ .V)jif*1 j;,a bj&geiAh nun! I H. 2 , 1981 No. 17 - 11 - ACTIONS OF THE BOARD-Cont inued Oklahoma, t h e g e o g r a p h i c area to be served by the E u f a u l a , Oklahoma o f f i c e i n c l u d e s Mcintosh County, Oklahoma and the g e o g r a p h i c a r e a to be served by the Oklahoma C i t y , Oklahoma o f f i c e i n c l u d e s t h e Oklahoma C i t y SMS A, through a s u b s i d i a r y , Southwest Bancshares Insurance Agency, Inc. ( 4 / 2 4 / 8 1 ) 3/ San Francisco BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , not 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 (making or a c q u i r i n g f o r i t s own account l o a n s and o t h e r e x t e n s i o n s o f c r e d i t such as would be made or acquired by a f i n a n c e company; s e r v i c i n g such l o a n s and o t h e r e x t e n s i o n s o f 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 , a c c i dent and d i s a b i l i t y and c r e d i t r e l a t e d p r o p e r t y i n s u r a n c e ; such a c t i v i t i e s w i l l i n c l u d e , but not be l i m i t e d t o , making loans and o t h e r e x t e n s i o n s of c r e d i t to consumers and small b u s i n e s s e s , p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans secured by r e a l and p e r s o n a l propp 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 , a c c i d e n t and d i s a b i l i t y and p r o p e r t y i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or acquired by FinanceAmerica C r e d i t C o r p o r a t i o n ) i n Overland Park, Kansas, s e r v i n g t h e S t a t e s of Kansas and M i s s o u r i , through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica C r e d i t C o r p o r a t i o n ( 4 / 2 4 / 8 1 ) 3/ San Francisco S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , 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 to engage i n de novo a c t i v i t i e s ( a c t ing as escrow a g e n t f o r the purchase and s a l e of r e a l p r o p e r t y and t h e e x e c u t i o n of a l l documents and d i s p e r s a l of funds r e l a t i n g t o loan t r a n s a c t i o n s , and a l l o t h e r a c t i v i t i e s engaged i n by an e s c r o w company) a t 8141 East Second S t r e e t , S u i t e 3 0 0 , Downey, C a l i f o r n i a , s e r v i n g t h e S t a t e o f C a l i f o r n i a , through i t s s u b s i d i a r y , S.P.M.C. Escrow, I n c . ( 4 / 1 7 / 8 1 3 / 3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y . H . 2 , 1981 No. 17 - 12 - APPLICATIONS RECEIVED To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 o f t h e Federa l Reserve Act New York Chemical Bank, New York, New York. Branch to be e s t a b l i s h e d at Nassau County Medical C e n t e r , "A" B u i l d i n g Lobby, 2201 Hempstead Turnpike, E a s t Meadow, Nassau County, New York. 2/ Philadelphia Girard Bank, Bala Cynwyd, P e n n s y l v a n i a . To e s t a b l i s h o f f s i t e e l e c t r o n i c f a c i l i t i e s at t h e f o l l o w i n g l o c a t i o n s i n PA; Shop n Bag, 601 Cedar Avenue, Yeadon; 7 - 1 1 S t o r e , 9304 Krewstown Road, P h i l a d e l p h i a ; T h r i f t w a y Market, McDade Boulevard and Darby Creek Road, Darby: and Shop n Bag, 6430 Market S t r e e t , Upper Darby. 2 / Atlanta Gulf Coast Bank of P i n e l l a s , Madeira Beach, F l o r i d a . Branch to be e s t a b l i s h e d at the i n t e r s e c t i o n of East Lake Road and S t a t e Road 584 ( o n n o r t h e a s t Corner) i n the East Lake Woodlands Shopping C e n t e r , P i n e l l a s County, F l o r i d a . 2 / * * * * * To Become a Member of t h e F e d e r a l Reserve System Pursuant t o S e c t i o n 9 o f t h e F e d e r a l R e s e r v e Act S t . Louis Gravois Avenue Bank, S t . L o u i s County, M i s s o u r i . * * * * * To Merge Pursuant t o S e c t i o n 1 8 ( c ) of t h e F e d e r a l D e p o s i t I n s u r a n c e Act S t . Louis G r a v o i s Bank, S t . L o u i s County, M i s s o u r i , to merge with Gravois Avenue Bank, S t . L o u i s County, M i s s o u r i . 2J 2J A p p l i c a t i o n s u b j e c t to Community R e i n v e s t m e n t A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H.2, 1981 No. 17 13 APPICATIONS RECEIVED-Cont inued To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) of the Bank Holding Company Act o f 1956 Boston United Vermont R a n c o r p o r a t i o n , R u t l a n d , Vermont, f o r approval to a c q u i r e at l e a s t 80 percent of t h e v o t i n g s h a r e s of P r o c t o r Trust Company, P r o c t o r , Vermont. 2/ Philadelphia S o u t h e a s t e r n N a t i o n a l Bancshares of P e n n s y l v a n i a I n c . , Malvern, P e n n s y l v a n i a , f o r approval to a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s ( e x c e p t d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of S o u t h e a s t N a t i o n a l Bank of P e n n s y l v a n i a , C h e s t e r , Pennsylvania. 2/ Atlanta F i r s t Gonzales C o r p o r a t i o n , G o n z a l e s , L o u i s i a n a , f o r approval to a c q u i r e at l e a s t 80 percent of t h e v o t i n g s h a r e s of F i r s t N a t i o n a l Bank o f G o n z a l e s , G o n z a l e s , L o u i s i a n a . 2/ Atlanta F l o r a F i n a n c i a l C o r p o r a t i o n , F l o r a , M i s s i s s i p p i , for approval to a c q u i r e 8 3 . 9 p e r c e n t of the v o t i n g s h a r e s of Bank o f F l o r a , Flora, M i s s i s s i p p i . 2/ Atlanta Republic Bancshares C o r p o r a t i o n , C l e a r w a t e r , F l o r i d a , f o r approval to a c q u i r e at l e a s t 99 percent of t h e v o t i n g s h a r e s of The Republic Bank, P i n e l l a s County, (P.O. Box Dunedin) F l o r i d a . 2/ St. Louis Gravois B a n c o r p . , I n c . , S t . L o u i s County, M i s s o u r i , f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of Gravois Avenue Bank, S t . L o u i s , M i s s o u r i . 2/ Minneapolis Good Thunder B a n c s h a r e s , I n c . , Good Thunder, M i n n e s o t a , for approval t o a c q u i r e at l e a s t 8 9 . 5 p e r c e n t of the v o t i n g s h a r e s of t h e F i r s t S t a t e Bank of Good Thunder, Good Thunder, Minnesota. 2/ Kansas C i t y Farmers S t a t e Bankshares, I n c . , Burns, Wyoming, f o r approval to a c q u i r e a t l e a s t 97 percent of t h e v o t i n g s h a r e s of The Farmers S t a t e Bank of Burns, Burns, Wyoming. 2_/ Kansas C i t y F i d e l i t y Bankshares of C o l o r a d o , I n c . , Denver, C o l o r a d o , for approval to a c q u i r e 100 percent of the v o t i n g s h a r e s of F i d e l i t y Bank of Denver, Denver, C o l o r a d o , a proposed new bank. 2/ 2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . l H.2, 1981 No. 17 — 14 — APPLICATIONS RECEIVED-Cont inued Kansas C i t y King B a n c s h a r e s , I n c . , Kingman, Kansas, f o r approval to a c q u i r e a t l e a s t 92 percent of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank of Kingman, Kingman, Kansas. 2/ Dai las C o n s o l i d a t e d B a n c s h a r e s , I n c . , A b i l e n e , T e x a s , for approval t o a c q u i r e 100 percent of the v o t i n g s h a r e s of A b i l e n e N a t i o n a l Bank, A b i l e n e , T e x a s . 2 j Dal l a s Ruston B a n c s h a r e s , I n c . , Ruston, L o u i s i a n a , f o r approval to acquire a t l e a s t 80 percent of t h e v o t i n g s h a r e s of Ruston S t a t e Bank & Trust Company, Ruston, L o u i s i a n a . 2/ Sa n Franci s c o Moore F i n a n c i a l Group I n c o r p o r a t e d , B o i s e , Idaho, for approval to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of The Idaho F i r s t N a t i o n a l Bank, B o i s e , Idaho. 2 / * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956 Atlanta F i r s t F l o r i d a Banks, I n c . , Tampa, F l o r i d a , for approval to a c q u i r e not l e s s than 9 8 . 4 p e r c e n t of the v o t i n g s h a r e s o f Bank o f C l e a r w a t e r , C l e a r w a t e r , F l o r i d a ; and f o r M u l t i L i n e , I n c . , Tampa, F l o r i d a , t o a c q u i r e an a d d i t i o n a l 8 . 3 percent of t h e v o t i n g s h a r e s o f F i r s t F l o r i d a Banks, I n c . , Tampa, F l o r i d a . If Chicago C i t i z e n s B a n c o r p o r a t i o n , Sheboygan, W i s c o n s i n , f o r approval to acquire a t l e a s t 80 percent of t h e v o t i n g s h a r e s of G i l l e t t S t a t e Bank, G i l l e t t , W i s c o n s i n . 2/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act o f 1956 New York Barclays Bank L i m i t e d , London, England, r e q u e s t s p e r m i s s i o n to engage de novo in the f o l l o w i n g a c t i v i t i e s ( p r o v i d i n g i n v e s t - 27 A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the length of the comment p e r i o d . i H.2, 1981 No. 17 - 1 5 APPLICATIONS RECEIVfcD-Cont in'ued merit and f i n a n c i a l a d v i s o r y s e r v i c e s c o n c e r n i n g f o r e i g n s e c u r i t i e s to i n s t i tut i o n a l i n v e s t o r s , p r i m a r i l y pension f u n d s , throughout the United S t a t e s ) at 93 S t . Paul Churchyard, London, England, through i t s s u b s i d i a r y , B a r c l a y s Investment Management Limited ( 4 / 2 3 / 8 1 ) 3 / New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s ( p r e v i o u s l y approved a c t i v i t i e s : t h e making or a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t , secured or u n s e c u r e d , for consumer and o t h e r p u r p o s e s ; the e x t e n s i o n s of l o a n s to d e a l e r s f o r the f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g for i t s own account of s a l e s f i n a n c e c o n t r a c t s ; the s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h o f d e c r e a s i n g or l e v e l ( i n the c a s e of s i n g l e payment l o a n s ) term l i f e insurance by l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ; and the s e r v i c i n g , f o r any p e r s o n , o f l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; the new a c t i v i t y i n tfiich the o f f i c e proposes to engage de novo i s : the s a l e of c r e d i t r e l a t e d property and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l property s u b j e c t to a s e c u r i t y agreement w i t h C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . to the e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; the p r e v i o u s l y approved s e r v i c e area of the o f f i c e i s comprised o f Contra Costa and Alameda C o u n t i e s ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h insurance may be w r i t t e n by Family Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ) at 1990 North C a l i f o r n i a Boulevard, Walnut Creek, C a l i f o r n i a , through i t s s u b s i d i a r y , Citicorp Person-to-Person Financial Center, I n c . (Delaware) ( 4 / 2 0 / 8 1 ) 3 / New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand the a c t i v i t i e s of an e x i s t i ng o f f i c e e n g a g i n g in the f o l l o w i n g a c t i v i t i e s ( p r e v i o u s l y approved a c t i v i t i e s : the making or a c q u i r i n g o f loans and other e x t e n s i o n s of c r e d i t , secured or u n s e c u r e d , f o r consumer and o t h e r purposed; the e x t e n s i o n s of loans to d e a l e r s for t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; the purchasing and s e r v i c i n g f o r i t s own account of s a l e s f i n a n c e c o n t r a c t s ; the s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h o r d e c r e a s i n g or l e v e l ( i n the c a s e of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , a s r e q u i r e d ; and the s e r v i c i n g , f o r any p e r s o n , of loans and other e x t e n s i o n s of c r e d i t ; t h e pro- ~3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve bank on b e h a l f of of Governors under d e l e g a t e d a u t h o r i t y . I the Board H.2, 1981 No. 17 - 1 6 - APPLICATIONS RECEIVED Continued posed new a c t i v i t y i n which the o f f i c e w i s h e s to engage i s the s a l e of c r e d i t r e l a t e d property and c a s u a l t y i n s u r a n c e p r o t e c t ing re pi and p e r s o n a l property s u b j e c t to a s e c u r i t y agreement with C i t i c o r p Person-to-Person Financial Center, Inc. , to the e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e insurance laws and r e g u l a t i o n s ; t h e p r e v i o u s l y approved s e r v i c e a r e a , comp r i s e d of the e n t i r e S t a t e of L o u i s i a n a , s h a l l be the same f o r t h e new a c t i v i t y ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h 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 o f C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ) a t 3636 S. Sherwood F o r e s t B o u l e v a r d , Baton Rouge, L o u i s i a n a , through i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n Financial Center, I n c . (Domestic) ( 4 / 2 0 / 8 1 ) 3/ Richmond Dominion Bankshares C o r p o r a t i o n , Roanoke, V i r g i n i a , n o t i f i c a t i o n of i n t e n t to expand i t s d e novo a c t i v i t i e s ( t o i n c l u d e making loans and other e x t e n s i o n s of c r e d i t for i t s own account o r f o r the account of o t h e r s , and s e r v i c i n g such l o a n s and o t h e r e x t e n s i o n s o f c r e d i t for o t h e r s ) a t 213 South J e f f e r s o n S t r e e t , Roanoke, V i r g i n i a , through i t s s u b s i d i a r y , Dominion Leasing Corporation ( 4 / 2 1 / 8 1 ) 3/ Richmond Dominion Bankshares C o r p o r a t i o n , Roanoke, V i r g i n i a , n o t i f i c a t i o n of i n t e n t to expand i t s de novo a c t i v i t i e s ( t o i n c l u d e a c t i n g as insurance agent or broker in the s a l e of c r e d i t l i f e i n s u r a n c e ; and nonconvert ib le term l i f e i n s u r a n c e r e l a t e d to or a r i s i n g out of l o a n s made or c r e d i t t r a n s a c t i o n s ) at 213 South J e f f e r s o n S t r e e t , Roanoke, V i r g i n i a , through i t s s u b s i d i a r y , Dominion Leasing C o r p o r a t i o n ( 4 / 2 4 / 8 1 ) 3J Richmond F i r s t Maryland Bancorp, B a l t i m o r e , Maryland, for approval t o i s s u e and s e l l t r a v e l e r s checks through a de novo s u b s i d i a r y , F i r s t Maryland Cheque C o r p o r a t i o n , B a l t i m o r e , Maryland Atlanta Flora Financial Corporation, Flora, M i s s i s s i p p i , f o r permission to act as agent or broker in the s a l e of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t by A p p l i c a n t ' s s u b s i d i a r y , Bank o f F l o r a , F l o r a , Mississippi Atlanta P l a n t e r s B a n c s h a r e s , I n c . , O p e l o u s a s , L o u s i a n a , 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 ( i n l e a s i n g of h e a v y equipment, p r i m a r i l y f o r o i l f i e l d u s e ) a t 102-C Sheppard D r i v e , L a f a y e t t e , L o u i s i a n a , through a s u b s i d i a r y , P l a n t e r s Bancshares Leasing, I n c . ( 4 / 2 4 / 8 1 ) 3/ 3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y . H. 2 , 1981 No. 17 - 1 7 APPLICATIONS RECEIVED-Contiriued Chicago F i r s t Macomb C o r p o r a t i o n , Mount Clemens, Michigan, 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 (making or a c q u i r i n g f o r i t s own account or f o r the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t such as would be made by a comm e r c i a l f i n a n c e a c t i v i t y , i n c l u d i n g commercial loans secured by a b o r r o w e r ' s i n v e n t o r y , a c c o u n t s r e c e i v a b l e , f i x e d a s s e t s ( b o t h r e a l and p e r s o n a l ) , l e a s e s o r o t h e r a s s e t s , and s e r v i c i n g such l o a n s ) a t 1 N. G r a t i o t , Mount Clemens, M i c h i g a n , s e r v i n g s o u t h e a s t e r n Michigan ( 4 / 1 3 / 8 1 ) 3 / Chicago National D e t r o i t Corporation, D e t r o i t , Michigan, 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 ( i n investment a d v i s o r y a c t i v i t i e s i n c l u d i n g t h e p r o v i s i o n of p o r t f o l i o i n v e s t m e n t a d v i c e and the f u r n i s h i n g of g e n e r a l economic i n f o r m a t i o n and a d v i c e , g e n e r a l economic s t a t i s t i c a l f o r e c a s t i n g s e r v i c e s and i n d u s t r y s t u d i e s , p r i n c i p a l l y to n a t u r a l p e r s o n s ) at S u i t e 205, Boulevard B u i l d i n g , 1920 Palm Beach Lakes Boulevard, West Palm Beach, F l o r i d a , p r i n c i p a l l y s e r v i n g an area w i t h i n a 4 0 - m i l e r a d i u s from s a i d o f f i c e , through i t s s u b s i d i a r y , NBD F i n a n c i a l S e r v i c e s of F l o r i d a , I n c . ( 4 / 1 5 / 8 1 ) 3 / Kansas C i t y Locust Grove B a n s h a r e s , I n c o r p o r a t e d , Locust Grove, Oklahoma, 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 ( i n the s a l e of i n s u r a n c e d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t by i t s s u b s i d i a r y bank, Bank o f L o c u s t Grove, L o c u s t Grove, Oklahoma) t h e geographic area to be s e r v e d i n c l u d e s the town of Locust Grove, Oklahoma and a t w e n t y - f i v e - m i l e r a d i u s around the town of Locust Grove, Oklahoma ( 4 / 2 0 / 8 1 ) 3 / San Francisco S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s o f A. J . Armstrong, Company, I n c . , New York, New York, a commercial f a c t o r i n g and f i n a n c e company. * * * * * REPORTS RECEIVED None. * * * * * PETITIONS FOR RULEMAKING None. 3 / 4 ( c ) ( 8 ) A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority.
@FedFRASER