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- A ^ 7 a ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM A p p l i c a t i o n s and R e p o r t s R e c e i v e d o r Acted on H.2 1972 No. 14 D u r i n g t h e Week Ending A p r i l 8 , 1972 District Date 4 To Become a Member of t h e F e d e r a l R e s e r v e System P u r s u a n t 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 Approved The A s h l a n d S t a t e Bank of A s h l a n d , A s h l a n d , Ohio 5 Powhatan Community Bank, P o w h a t a n , V i r g i n i a * * * * * 2 To E s t a b l i s h a D o m e s t i c Branch P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l R e s e r v e Act Received "Morgan G u a r a n t y T r u s t Company o f New Y o r k , " New Y o r k , New Y o r k . Branch t o b e e s t a b l i s h e d a t 39 Broadway, Borough of M a n h a t t a n . 2 " D u t c h e s s Bank and T r u s t Company," P o u g h k e e p s i e , New Y o r k . Branch t o b e e s t a b l i s h e d a t Route 52 and Gary Avenue, F i s h k i l l . 5 "The Bank o f S t . A l b a n s , " S t . A l b a n s , West V i r g i n i a . Branch t o be e s t a b l i s h e d a t t h e c o r n e r of S i x t h Avenue and F i f t h S t r e e t , S t . A l b a n s . 7 " B y r o n C e n t e r S t a t e B a n k , " Byron C e n t e r , M i c h i g a n . B r a n c h t o be e s t a b l i s h e d a t 6455 South D i v i s i o n A v e n u e , Byron T o w n s h i p , Kent C o u n t y . 2 2 Approved * " S t a t e Bank of A l b a n y , " A l b a n y , New Y o r k . B r a n c h t o b e e s t a b l i s h e d a t 625 S t a t e S t r e e t , S c h e n e c t a d y , Schenectady County. *"The Bank of New Y o r k , " New Y o r k , New Y o r k . Branch t o b e e s t a b l i s h e d a t 1 0 0 6 - 1 0 0 8 F i r s t Avenue, Borough o f M a n h a t t a n . * A p p l i c a t i o n p r o c e s s e d by t h e R e s e r v e Bank on b e h a l f of t h e Board o f G o v e r n o r s under delegated a u t h o r i t y . . H.2 1972 No. 14 -2*"Bankers Branch corner Falls, Approved C o n ' t . T r u s t Company," New Y o r k , New York, t o b e e s t a b l i s h e d on t h e s o u t h w e s t o f F r o n t and C e n t e r S t r e e t s , C r o t o n Westchester County, ^ " M a n u f a c t u r e r s Hanover T r u s t Company," New Y o r k , New Y o r k . Branch t o be e s t a b l i s h e d on t h e n o r t h e a s t c o r n e r o f West M e r r i c k Road t h e F l e t c h e r Avenue, V i l l a g e of V a l l e y S t r e a m , Town of H e m p s t e a d , Nassau C o u n t y . *"The Roscommon S t a t e B a n k , " Roscommon, M i c h i g a n . Branch t o b e e s t a b l i s h e d a t 1979 E a s t M i l l e r Road, F a i r v i e w . Denied by S t a t e " M a n u f a c t u r e r s Hanover T r u s t Company," New Y o r k , New Y o r k . Branch t o b e e s t a b l i s h e d on t h e s o u t h w e s t c o r n e r of Anderson S t r e e t and Le Count P l a c e , New R o c h e l l e . "The County T r u s t Company," White P l a i n s , New Y o r k . Branch t o b e e s t a b l i s h e d i n t h e v i c i n i t y of t h e i n t e r s e c t i o n of Pelham Road and F r a n k l i n Avenue, New R o c h e l l e . *>v * * * * 1 To E s t a b l i s h an O v e r s e a s Branch of a Member Bank P u r s u a n t t o S e c t i o n 25 of t h e F e d e r a l R e s e r v e Act Received "The F i r s t N a t i o n a l Bank of B o s t o n , " B o s t o n , M a s s a c h u s e t t s . Branch t o be e s t a b l i s h e d i n P a r i s , France. * 6 * * * * To Merge P u r s u a n t 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 Approved " S a v a n n a h Bank & T r u s t Company," S a v a n n a h , G e o r g i a , f o r p r i o r a p p r o v a l t o merge w i t h Chatham S a v i n g s Bank, S a v a n n a h , G e o r g i a u n d e r t h e c h a r t e r and t i t l e of Savannah Bank & T r u s t Company, * * * * * * A p p l i c a t i o n p r o c e s s e d by t h e R e s e r v e Bank on b e h a l f o f t h e Board of G o v e r n o r s under delegated a u t h o r i t y . H.2 1972 No. 15 7 10 10 • -3- A w To Form a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 1 ) of t h e Bank H o l d i n g Company Act of 1956 Received North Shore C a p i t a l C o r p o r a t i o n , Chicago, I l l i n o i s , f o r p r i o r approval t o a c q u i r e 200,400 ( 5 0 . 1 per c e n t ) of t h e v o t i n g s h a r e s of The N o r t h S h o r e N a t i o n a l Bank of C h i c a g o , C h i c a g o , I l l i n o i s . C a p i t a l Management, I n c . , A u r o r a , N e b r a s k a , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t of t h e v o t i n g s h a r e s of Bank of B r a d y , B r a d y , N e b r a s k a . Approved F i r s t N a t i o n a l Bank H o l d i n g Company, I n c . , P i n e d a l e , Wyoming, f o r p r i o r a p p r o v a l t o a c q u i r e 8 3 . 4 5 p e r c e n t o r more 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 of P i n e d a l e , P i n e d a l e , Wyoming. * * * * * 2 To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 3 ) of t h e Bank H o l d i n g Company Act of 1956 Received U n i t e d Bank C o r p o r a t i o n , A l b a n y , New Y o r k , f o r p r i o r a p p r o v a l t o a c q u i r e t h e s u c c e s s o r by m e r g e r t o H i g h l a n d N a t i o n a l Bank of Newburgh, Newburgh, New Y o r k . 6 U n i t e d T e n n e s s e e B a n c s h a r e s C o r p o r a t i o n , Memphis, T e n n e s s e e , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e o u t s t a n d i n g v o t i n g s h a r e s of F i r s t Trust & Savings Bank, P a r i s , Tennessee. 7 Bezanson I n v e s t m e n t s , I n c . , and MorAmerica F i n a n c i a l C o r p o r a t i o n , b o t h of Cedar R a p i d s , I o w a , f o r p r i o r a p p r o v a l t o a c q u i r e 76 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t T r u s t and S a v i n g s Bank, W h e a t l a n d , Iowa. 10 U n i t e d Banks o f C o l o r a d o , I n c . , D e n v e r , C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of M o n t r o s e N a t i o n a l Bank, Montrose, Colorado. 11 Bank S e c u r i t i e s I n c . , Alamogordo, New M e x i c o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of L i b e r t y N a t i o n a l Bank, L o v i n g t o n , New M e x i c o . 11 Southwest B a n c s h a r e s , I n c . , Houston, Texas, f o r p r i o r a p p r o v a l t o a c q u i r e 51 p e r c e n t o r more of t h e v o t i n g s h a r e s of The Denton County N a t i o n a l Bank, D e n t o n , T e x a s . * * 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 t h e Board of G o v e r n o r s u n d e r delegated authority. H.2 19 72 No. 15 W -4- Approved M i d l a n t i c Banks I n c . , Newark, New J e r s e y , f o r p r i o r a p p r o v a l t o 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 C i t i z e n s N a t i o n a l Bank, Englewood, New J e r s e y . 2 5 W * * F i r s t & M e r c h a n t s C o r p o r a t i o n , Richmond, V i r g i n i a , 4- 6-72 f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e voting shares (less directorsT qualifying shares) o f F i r s t & M e r c h a n t s N a t i o n a l Bank of t h e P e n i n s u l a , York C o u n t y , V i r g i n i a , a p r o p o s e d new b a n k . 5 S o u t h e r n B a n k s h a r e s , I n c . , Richmond, V i r g i n i a , f o r p r i o r a p p r o v a l t o 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 r 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 t h e s u c c e s s o r by m e r g e r t o Bank of G o o c h l a n d , Goochland, V i r g i n i a . 5 S o u t h e r n B a n k s h a r e s , I n c . , Richmond, V i r g i n i a , f o r p r i o r a p p r o v a l t o 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 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 t h e s u c c e s s o r by m e r g e r t o Bank of P o w h a t a n , Powhatan, V i r i g n i a . 6 B a r n e t t Banks of F l o r i d a , I n c . , J a c k s o n v i l l e , F l o r i d a , f o r p r i o r a p p r o v a l t o a c q u i r e 90 p e r c e n t o r more of t h e v o t i n g s h a r e s of Bank of F l o r i d a & T r u s t Co. a t H o m e s t e a d , H o m e s t e a d , F l o r i d a . 7 Valley Bancorporation, Appleton, Wisconsin, f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of Bank of C a s c o , C a s c o , W i s c o n s i n . 10 * * F i r s t New Mexico B a n k s h a r e C o r p o r a t i o n , A l b u q u e r q u e , New M e x i c o , f o r p r i o r a p p r o v a l t o a c q u i r e 6 , 5 7 5 s h a r e s of t h e v o t i n g s h a r e s of The C a p i t a l Bank, S a n t a F e , New M e x i c o , a p r o p o s e d new b a n k . 10 W e e r v a , I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of The Bank of V a i l , V a i l , C o l o r a d o . 10 W e e r v a , I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of F i r s t W e s t l a n d N a t i o n a l Bank, Lakewood, Colorado. 10 W e e r v a , I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of The E r i e B a n k , E r i e , C o l o r a d o . * * 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 t h e B o a r d of G o v e r n o r s u n d e r delegated authority. 4 - 5-72 -5H.2 19 72 No. 15 10 Approved C o n t i n u e d Weerva, I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of E a g l e V a l l e y B a n k , M i n t u r n , C o l o r a d o . 10 Weerva, I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of W e s t l a n d N a t i o n a l B a n k , Longmont, C o l o r a d o , a p r o p o s e d new b a n k . 11 F i r s t C i t y B a n c o r p o r a t i o n of T e x a s , I n c . , H o u s t o n , T e x a s , f o r p r i o r a p p r o v a l t o 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 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 t h e s u c c e s s o r b y m e r g e r t o G u l f g a t e S t a t e Bank of H o u s t o n , H o u s t o n , T e x a s . 2 Withdrawn On H . 2 No. 26 ( 1 9 7 1 ) , t h e B o a r d r e p o r t e d r e c e i p t of an a p p l i c a t i o n f r o m C h a r t e r New York C o r p o r a t i o n , New Y o r k , New Y o r k , f o r p r i o r a p p r o v a l t o a c q u i r e N a n u e t N a t i o n a l B a n k , N a n u e t , New Y o r k . I n a l e t t e r d a t e d A p r i l 3, 1972, Applicant r e q u e s t e d that the application be withdrawn. * 5 5 * * * * To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 4 ( c ) ( 8 ) of t h e Bank H o l d i n g Company Act of 1956 Received NCNB C o r p o r a t i o n , C h a r l o t t e , N o r t h C a r o l i n a , f o r p r i o r a p p r o v a l t o a c q u i r e a l l of t h e o u t s t a n d i n g c a p i t a l s t o c k of T r u s t Company of F l o r i d a , O r l a n d o , Florida. United Carolina Bancshares Corporation, W h i t e v i l l e , North C a r o l i n a , f o r p r i o r approval t o a c q u i r e a l l 1,000 s h a r e s of U n i t e d C a r o l i n a L i f e I n s u r a n c e Company, P h o e n i x , A r i z o n a . H.2 19 72 No. -6- I') Received Continued * * F i r s t National Holding Corporation, A t l a n t a , Georgia, n o t i f i c a t i o n of i n t e n t t o engage i n a de novo a c t i v i t y (making l o a n s p r i n c i p a l l y s e c u r e d b y s e c o n d m o r t g a g e s on s i n g l e f a m i l y r e s i d e n c e s f o r i t s own a c c o u n t ) t h r o u g h i t s s u b s i d i a r y F i r s t S o u t h Homeowners C o . , I n c . by e s t a b l i s h i n g an o f f i c e i n Savannah, Georgia. 4 - 5-72 * * F i r s t National Holding Corporation, A t l a n t a , Georgia, n o t i f i c a t i o n of i n t e n t t o e n g a g e i n cte novo a c t i v i t i e s ( p r o v i d i n g bookkeeping or data processing services for the i n t e r n a l operations of t h e h o l d i n g company and i t s s u b s i d i a r i e s and s t o r i n g and p r o c e s s i n g o t h e r b a n k i n g f i n a n c i a l or r e l a t e d economic d a t a ) through a s u b s i d i a r y known as F i r s t South D a t a P r o c e s s i n g Company, Atlanta, Georgia. 4 - 6-72 **M & S B a n c o r p . , J a n e s v i l l e , W i s c o n s i n , n o t i f i c a t i o n of i n t e n t t o e n g a g e i n a de novo a c t i v i t y ( t h e l e a s i n g of m a c h i n e r y , e q u i p m e n t and o t h e r i t e m s of p e r s o n a l t y ) t h r o u g h a s u b s i d i a r y t o b e known as M & S L e a s i n g Company, I n c . , J a n e s v i l l e , Wisconsin. 4~ 7-72 10 A f f i l i a t e d B a n k s h a r e s of C o l o r a d o , I n c . , B o u l d e r , C o l o r a d o , f o r p e r m i s s i o n t o r e t a i n a l l of t h e v o t i n g s h a r e s of I n s u r a n c e P r o f e s s i o n a l s , I n c . , Loveland, Colorado. 10 **The F i r s t N a t i o n a l B a n c o r p o r a t i o n , I n c . , D e n v e r , C o l o r a d o , n o t i f i c a t i o n of i n t e n t t o e n g a g e i n de novo a c t i v i t i e s (1) a c t i n g as a g e n t f o r t h e s a l e of p r o p e r t y , c a s u a l t y and s u r e t y i n s u r a n c e f o r t h e p r o t e c t i o n of The F i r s t N a t i o n a l B a n c o r p o r a t i o n I n c . , and i t s s u b s i d i a r i e s , (2) a c t i n g as a g e n t f o r t h e s a l e of l i f e , d i s a b i l i t y and h o s p i t a l i n s u r a n c e f o r t h e p r o t e c t i o n of e m p l o y e e s of The F i r s t N a t i o n a l B a n c o r p o r 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 t h e Board of G o v e r n o r s u n d e r delegated authority. 4 - 7-72 -7H.2 # 7 2 No. 15 I n c . , and i t s s u b s i d i a r i e s , (3) a c t i n g as a g e n t f o r t h e s a l e of c r e d i t l i f e , 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 on b o r r o w e r s who h a v e b e e n e x t e n d e d c r e d i t by a bank o r b a n k - r e l a t e d f i r m , (4) a c t i n g as a g e n t f o r t h e s a l e of p r o p e r t y i n s u r a n c e on l o a n c o l l a t e r a l securing extensions of c r e d i t by a bank o r b a n k - r e l a t e d f i r m , (5) a c t i n g as a g e n t f o r t h e s a l e of m o r t g a g e l i f e , m o r t g a g a a c c i d e n t and h e a l t h i n s u r a n c e on m o r t g a g o r s whose m o r t g a g e s a r e s e r v i c e d by s u b s i d i a r i e s of The F i r s t N a t i o n a l B a n c o r p o r a t i o n I n c . , (6) a c t i n g as a g e n t f o r t h e s a l e of p r o p e r t y i n s u r a n c e on mortgaged p r o p e r t y d i r e c t l y r e l a t e d t o mortgage l o a n s e r v i c i n g p r o v i d e d b y s u b s i d i a r i e s of The F i r s t N a t i o n a l B a n c o r p o r a t i o n I n c . , (7) a c t i n g as a g e n t f o r i n s u r a n c e which i s o t h e r w i s e s o l d as a m a t t e r of c o n v e n i e n c e s o l o n g as t h e premium income f r o m s a l e s w i t h i n t h i s a r e a does n o t c o n s t i t u t e a s i g n i f i c a n t p o r t i o n of t h e a g g r e g a t e i n s u r a n c e premium income f r o m i n s u r a n c e s o l d ) t h r o u g h a s u b s i d i a r y known as Denver A s s u r o r s Co. a t o f f i c e s of t h e h o l d i n g company and each s u b s i d i a r y i n L i t t l e t o n , North Glenn, Denver, G r e e l e y , B o u l d e r and C o l o r a d o S p r i n g s , C o l o r a d o . 12 **Marine B a n c o r p o r a t i o n , S e a t t l e , W a s h i n g t o n , 4-4-72 n o t i f i c a t i o n of i n t e n t t o e n g a g e i n de^novo a c t i v i t i e s ( ( 1 ) making o r a c q u i r i n g f o r i t s own a c c o u n t , 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 , primarily in connection with financing of t h e p u r c h a s e , c o n s t r u c t i o n , m a i n t e n a n c e o r r e p a i r of b o a t s and m a r i n e e q u i p m e n t , and a c t i n g as a g e n t o r b r o k e r w i t h r e s p e c t t o 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 h e r e t o , (2) l e a s i n g p e r s o n a l p r o p e r t y and e q u i p m e n t , p r i m a r i l y b o a t s and m a r i n e e q u i p m e n t , w h e r e a t t h e i n c e p t i o n of t h e i n i t i a l l e a s e t h e e x p e c t a t i o n i s t h a t t h e e f f e c t of t h e t r a n s a c t i o n and r e a s o n a b l e a n t i c i p a t e d f u t u r e t r a n s a c t i o n s w i t h t h e same l e s s e e as t o t h e same p r o p e r t y w i l l b e t o c o m p e n s a t e NABOC Marine, I n c . , as l e s s o r , f o r not l e s s than i t s f u l l investment i n the property) through a w h o l l y - e a r n e d s u b s i d i a r y known as NABOC M a r i n e , I n c . , S e a t t l e , Washington. * * P r o c e s s e d b y R e s e r v e Bank on b e h a l f delegated authority. of t h e Board of G o v e r n o r s u n d e r H. 2 1972 No. 15 7 12 1 Delayed * * P o l i s h Roman C a t h o l i c Union of A m e r i c a , C h i c a g o , I l l i n o i s , n o t i f i c a t i o n of i n t e n t t o e n g a g e i n de_ novo a c t i v i t i e s ( l ) t h e l e a s i n g of p e r s o n a l p r o p e r t y and e q u i p m e n t , (2) making and a c q u i r i n g 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 f o r b o t h o u r a c c o u n t and o t h e r s t h r o u g h a s u b i s d i a r y known as N a t h a n H a l e I n v e s t m e n t C o r p o r a t i o n , Chicago, I l l i n o i s . **Beverly H i l l s Bancorp, Beverly H i l l 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 t o e n g a g e i n a de novo a c t i v i t y (investment advisory s e r v i c e s ) through a s u b s i d i a r y known a s New West Management Corporation, Beverly H i l l s , C a l i f o r n i a . On A p r i l 6 , 19 72, A p p l i c a n t was i n f o r m e d t h a t t h e 45-day running p e r i o d has been suspended pending f u r t h e r c o n s i d e r a t i o n of t h e a p p l i c a t i o n . Permitted * * I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , t o e n g a g e i n a de n o v o a c t i v i t y (making o r a c q u i r i n g , f o r i t s own a c c o u n t o r f o r t h e a c c o u n t o f 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 , and o t h e r a c t i v i t i e s commonly e n g a g e d i n b y m o r t g a g e b a n k i n g c o m p a n i e s ) t h r o u g h a s u b s i d i a r y known as I n d u s t r i a l N a t i o n a l M o r t g a g e Company, P r o v i d e n c e , Rhode I s l a n d . 4 - 3-72 4- 6-72 4- 6-72 * * * * * 6 To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 4 ( c ) ( 1 2 ) of t h e Bank H o l d i n g Company Act of 1956 Received **The C h a r t e r Company, J a c k s o n v i l l e , F l o r i d a , f o r p e r m i s s i o n t o r e t a i n 6 , 0 0 0 s h a r e s of v o t i n g common s t o c k of S t . J o e P a p e r Company, J a c k s o n v i l l e , F l o r i d a , and a l s o t o a c q u i r e an a d d i t i o n a l 2 , 2 3 0 s h a r e s of S t . J o e P a p e r Company. * * P r o c e s s e d b y R e s e r v e Bank on b e h a l f of t h e B o a r d of G o v e r n o r s u n d e r delegated authority. 4- 7-72 H. 2 19 72 No. 15 7 2 -9- Received Continued **A11 American L i f e & F i n a n c i a l C o r p o r a t i o n , C h i c a g o , I l l i n o i s , n o t i f i c a t i o n of i n t e n t t o a c q u i r e two H o l i d a y I n n M o t e l s l o c a t e d i n D e e r f i e l d Beach and Boca R a t o n , F l o r i d a , t h r o u g h a s u b s i d i a r y to be formed. Permitted **Warner C o m m u n i c a t i o n s I n c . ( f o r m e r l y Kinney S e r v i c e s I n c . ) New Y o r k , New Y o r k , f o r p r i o r a p p r o v a l t o a c q u i r e t h r o u g h N a t i o n a l Kinney C o r p o r a t i o n , New Y o r k , New Y o r k , J e s p e r s e n - K a y Systems L i m i t e d of T o r o n t o , O n t a r i o , C a n a d a . * * P r o c e s s e d b y R e s e r v e Bank on b e h a l f of t h e B o a r d of G o v e r n o r s u n d e r delegated authority. 4 - 4-72 4 - 7-72