The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1983 No. 31) Actions of the Board; Applications and Reports Received During the Week Ending August 6, 1983 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Statement by Chairman Paul A. Volcker before the Subcommittee on Domestic Monetary Policy of the House Banking Committee t o discuss appropriate guides f o r the conduct of monetary p o l i c y . Regulation Z, proposals to f i n d that provisions of New Hampshire and New Jersey State laws governing the o f f e r i n g of cash discounts in the sale of motor fuel are not inconsistent with the Truth in Lending Act and Regulation Z implementing the Act, and should not be pre-empted; the Board also asked comment on i t s view that these laws are of a type not subject t o the Board's authority to pre-empt State laws under Truth in Lending; comment requested by October 7, 1983. Regulation G revision and s i m p l i f i c a t i o n under the Board's Regulatory Improvement Program; e f f e c t i v e August 31, 1983 (Docket No. R-0457) New York C i t y t r u s t , Bridgeport, Connecticut, proposal to purchase certain assets and assume certain l i a b i l i t i e s o f the COB Branch of Bancone of Connecticut, Bridgeport, Connecticut; report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . _1_/ Philadelphia Farmers F i r s t Bank, L i t i t z , Pennsylvania, proposal to merge with Farmers National Bank of Ouarryvi11e, O u a r r y v i l l e , Pennsylvania, under the charter and t i t l e of the former; report to the Comptroller of the Currency on competitive f a c t o r s . ]_/ T7 Application processed on behalf of the Board of Governors under delegated authority. H,?» :983 Nn. 31 - 2 ACTIONS OF THE BOARD - Continued ^iladelfMa F i r s t National Bank of Lake A r i e l , Lake A r i e l , Pennsylvania, proposal to merge with FNB National Bank of Lake A r i e l , Lake A r i e l , Pennsylvania, under the charter and t i t l e of the former; report to the Comptroller of the Currency on competitive f a c t o r s , 1/ Richmond Concord National I n c . , Concord, North Carolina, extension of time to September 12, 1983, within which t o become a bank holding company through the acquisition of The Concord National Bank, Concord, North Carolina. 2 / Atlanta Nil 1sboro Bank, Plant C i t y , Florida, proposed merger with Sun Bank of Plant C i t y , Plant C i t y , Florida; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . ] / At? nta Security State Bank, McRae, Georgia, proposed merger with Farmers Interim, I n c . , McRae, Georgia; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . V Atlanta F i r s t National Financial Corporation, Vicksburg, Mississippi * extension of time to October 8, 1983, within which to become a bank holding company through acquisition of F i r s t National Bank of Vicksburg, Vicksburg, Mississippi. V Atlanta Ameribank Bancshares, I n c . , Hollywood, Florida, extension of time to October 10, 1983, within which to become a bank holding company through the acquisition of American Bank of Hollywood, Hollywood, F l o r i d a . U Atlanta F i r s t City Bancshares, I n c . , Gainesville, Florida, extension of time to November 19, 1983, within which to become a bank holding company through acquisition of F i r s t City Bank, Gainesville, F l o r i d a . V Atlanta Alexander City Bancshares, I n c . , Alexander C i t y , Alabama, extension of time to November 29, 1983, w i t h i n which to become a bank holding company through acquisition of Alexander City Bank, Alexander C i t y , Alabama. 1/ 1/ Applicdtiun pruwssed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1983 No. 31 - 3 ACTIONS OF THE BOARD - Continued Chicago Wayne Bank and Trust Co., Cambridge C i t y , Indiana, extension of time to November 12, 1983, within which to establish a branch at 6th and South A Streets, Richmond, Indiana. ] / Chicago Citizens Commercial & Savings Bank, F l i n t , Michigan, an investment in bank premises. V Chicago New Bank, Logansport, Indiana, proposal to merge with The Farmers & Merchants State Bank, Logansport, Indiana, under the charter of New Bank and t i t l e of The Farmers & Merchants State Bank; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . V Chicago Wainright Bank and Trust Company, Noblesville, Indiana, proposal to merge with WBT Bank, Noblesville, Indiana, under the charter of WBT Bank and t i t l e of Wainright Bank and Trust Company; report to the Federal Deposit Insurance Corporation on competitive factors. V Chicago F irst Marshall Bancshares, I n c . , Marshal 1, I l l i n o i s , extension of time to September 26, 1983, 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, Marshal 1, I I 1 i n o i s . \J Chicago JAW Bancshares Corp., Stanhope, Iowa, extension of time to October 27, 1983, within which to become a bank holding company through the acquisition of 80 percent or more of the voting shares of Farmers State Bank, Stanhope, Iowa. J_/ Chicago Naperville Financial Corporation, Naperville, I l l i n o i s , extension of time to November 13, 1983, within which to become a bank holding company through the acquisition of 80 percent or more of the voting shares of The Naperville National Bank and Trust Company, Naperville, I l l i n o i s , Naperville, I l l i n o i s . J / St. Louis F i r s t Missouri Banks, I n c . , Manchester, Missouri, extension of time to November 4, 1983, within which to acquire and open F i r s t Missouri Bank, N.A., St. Louis County, Missouri, a proposed new bank. 1/ 1/ ~ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1983 No. 31 - 4 ACTIONS OF THE BOARD - Continued S t . Louis F i r s t Bank Capital Corporation, Tupelo, Mississippi, extension of time to November 14, 1983, within which to become a bank holding company through the acquisition of the successor by merger to F i r s t Citizens National Bank, Tupelo, Mississippi. V St. Louis F i d e l i t y Bancorp, I n c . , West Memphis, Arkansas, extension of time to August 27, 1983, w i t h i n which t o become a bank holding company through the acquisition of F i d e l i t y National Bank of West Memphis, West Memphis, Arkansas. J / St. Louis Central Shares, I n c . , Lebanon, Missouri, extension of time to November 25, 1983, within which to become a bank holding company through the acquisition of Central Bank, Lebanon, Missouri. 1/ Dallas F i r s t National Bank of Artesia, Artesia, New Mexico, proposed merger with new Artesia Bank, Artesia, Texas report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . V Dallas Progressive Holding Company, Winnsboro, Louisiana, extension of time to October 26, 1983, within which to acquire Progressive State Bank & Trust Company, Winnsboro, Louisiana. 1/ 1/ ~~ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1983 No. 31 - 5 ACTIONS OF THE BOARD - Continued To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Approved Central Trust Company, Rochester, New York. To establish three o f f s i t e electronic f a c i l i t i e s at the following locations: 2503 Browncroft B l v d . , Penfield, New York; Geddes Street Extension, Public Square, Hoi l e y , New York; 406 Hamlin-Clarkson Townline Road, Hamlin, New York. 1/ New York * * * * • To Become a Member of the Federal Reserve System Pursuant t o Section 9 of the Federal Reserve Act Approved Dominion Trust Company, Roanoke, V i r g i n i a , _]/ Richmond * * * * * Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 Kansas City Not Disapproved She!bank Corp., Sheldon, Missouri. V * * * * * 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 ) , 4(c)(13) and 4(c)(14) of the Bank Holding Company Act of 1956, as amended Boston T7 Sixty-Day N o t i f i c a t i o n Period Allowed to Expire The F i r s t National Bank of Boston, Boston, Massachusetts no objection to establish a branch in Istanbul, Turkey. Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1983 NO. 31 -6 ACTIONS OF THE BOARD - Continued To Form a Bank Holding Company Pursuant to Section 3 f a ) ( H of the Bank Holding Company Act of 1956 koston Approved P r o f i l e Financial Corporation* Plaistow, New Hampshire, f o r approval to acquire 100 percent of the voting shares of PIaistow Bank and Trust Company, Plaistow, New Hampshire. J / Richmond Republic Bancorp of S. C., I n c . , Columbia, South Carolina, f o r approval to acquire 100 percent of the voting shares of Republic National Bank, Columbia, South Carolina. J / Atlanta F i r s t Bank Holding Company, Sylvester, Georgia, for approval to acquire at least 80 percent of the voting shares of Sylvester Banking Company, Sylvester, Georgia. 2 / Chicago ALLIANCE FINANCIAL CORPORATION, Dearborn, Michigan, for approval to acquire 100 percent of the voting shares of Dearborn Bank and Trust Company, Dearborn, Michigan. ] / Chicago Citizens Financial Corporation, Fort Atkinson, Wisconsin, f o r approval to acquire at least 80 percent of the voting shares of Citizens State Bank, Fort Atkinson, Wisconsin. Chicago Home State Bancorp, I n c . , Crystal Lake, I l l i n o i s , f o r approval to acquire at least 80 percent of the voting shares of Home State Bank of Crystal Lake, Crystal Lake, I l l i n o i s . 2 / St. Louis LIBSAB Bancorp, I n c . , Mayfield, Kentucky, for approval to acquire 100 percent of the voting shares of the successor by merger to Liberty Savings Bank, Mayfield, Kentucky. V St. Louis Reel foot Bancshares, I n c . , Union C i t y , Tennessee, f o r approval to acquire 100 percent of the voting shares of Reel foot Bank, Hornbeak, Tennessee. JJ Minneapolis S.B.T. Financial, I n c . , Townsend, Montana, for approval tn acquire 100 percent of the voting shares of The State Hank of Townsend, Townsend, Montana. JV I/ AppHcaMf" dWt yated . n behalf of the Board of Governors unuer H.?, 1983 No. 31 - 7 ACTIONS OF THE BOARD - Continued rial las Texas Gulf Coast Bancshares, I n c . , Bay C i t y , Texas, for approval to acquire 100 percent of the voting shares of Bay City Bank & Trust Co., Bay C i t y , Texas. J / San Francisco National I n t e r c i t y Bancorp, Santa Clara, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of National I n t e r c i t y Bank, Santa Clara, C a l i f o r n i a , a proposed new bank. 1/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Cleveland Approved Banc One Corporation, Columbus, Ohio, for approval t o acquire 100 percent of the voting shares of F i r s t National City Bank of A l l i a n c e , Alliance, Ohio. V Chicago Tonica Bancorp, I n c . , Tonica, I l l i n o i s , for approval t o acquire 80 percent of the voting shares of The Farmers State Bank of Lostant, Lostant, I l l i n o i s . 1j Minneapolis F i r s t Sleepy Eye Bancorporation, I n c . , Sleepy Eye, Minnesota, f o r approval to acquire at least 81.3 percent of the voting shares of State Bank of B u t t e r f i e l d , B u t t e r f i e l d , Minnesota. JJ Pal las F i r s t American Bancshares, I n c . , Baytown, Texas, f o r approval to acquire 100 percent of the voting shares of F i r s t American Bank and Trust of Manvel, Manvel, Texas. \J Dal las Southwest F i r s t Community, I n c . , Beeville, Texas, for approval to acquire American Corporation, Sinton, Texas, and i n d i r e c t l y acquire at least 80 percent of the voting shares of Commercial State Bank, Sinton, Texas. JJ San Francisco Moore Financial Group, Incorporated, Boise, Idaho, for approval to acquire 100 percent of the voting shares of Oregon Mutual Savings Bank, Portland, Oregon. 1/ 17 Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.?, 1983 No. 31 - 8 ACTIONS OF THE BOARD - Continued To Expand a Rank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Approved GL 8 ML Limited, Aplington, Iowa, for approval to acquire at least 51 percent of the voting shares of Aplington Insurance I n c . , Aplington, Iowa, and i n d i r e c t l y State Savings Bank, Aplington, Iowa. 1/ Chicago * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 New York New York " San Francisco V 3/ Withdrawn C i t i c o r p , New York, new York, requests permission to expand the a c t i v i t i e s and service area of an 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 (the sale of c r e d i t - r e l a t e d property and casualty insurance) at 1150 N. 25th Street, Grand Junction, Colorado, through i t s subsidiary, Citicorp Personto-Person Financial Center, Inc. (8/2/83) 3] Approved J. P. Morgan & Co, Incorporated, New York, New York, for approval to engage through i t s wholly-owned subsidiary, Morgan Futures Corporation, New York, New York, i n executing and clearing on certain commodity exchanges, options on futures contracts in gold b u l l i o n and U. S. Treasury bonds. Security Pacific Corporation, Los Angeles, C a l i f o r n i a , for approval to acquire substantially a l l the assets of General Finance Service Corporation and i t s wholly-owned subsidiary, The Budget Plan of V i r g i n i a , both of Huntingdon, Pennsylvania. 1/ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . 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, 1983 No. 31 - 9 ACTIONS OF THE BOARD - Continued New York Boston Boston 3? Reactivated C i t i c o r p , New York, New York, requests permission to expand the a c t i v i t i e s and service area of an existing o f f i c e engaging in the following a c t i v i t i e s (the making, acquiring, and servicing, for i t s own account and for the account of others, extensions of credit to individuals secured by liens on residential or non-residential real estate; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related to extensions of mortgage loans) at 1150 N. 25th Street, Grand Junction, Colorado, through i t s subsidiary, Citicorp Person-to-Person Financial Center, Inc. (8/3/83) Permitted 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 ( i n 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; and to engage through i t s subsidiary, American Standard Insurance Agency, in the sale of c r e d i t l i f e and c r e d i t accident and health 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 , The Motor L i f e Insurance Agency, Jacksonv i l l e , F l o r i d a , and in the sale of casualty insurance on property mortgaged in connection with extensions of c r e d i t by UniMortgage Corporation of CA through American Standard Insurance Agency) these a c t i v i t i e s would be conducted in the metropolitan area of the c i t y of Santa Ana and the county of Orange, C a l i f o r n i a , as well as the contiguous counties of Riverside and Los Angeles, C a l i f o r n i a , through a new branch o f f i c e of i t s existing i n d i r e c t subsidiary, UniMortgage Corporation of CA (8/5/83) 3/ OLD STONE CORPORATION, Providence, Rhode Island, n o t i f i cation 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; and to engage through i t s subsidiary, American Standard Insurance Agency, in the sale of c r e d i t l i f e and c r e d i t accident and health insurance, which insurance would be reinsured by an a f f i l i a t e , The Motor L i f e Insurance Agency, Jacksonville, Florida) at 1921 South Alma School Road, Mesa, Arizona, to be conducted in the metropolitan area of the c i t i e s of Tempe, Chandler, Gilbert and Apache Junction and the 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, 1983 No. 31 - 1 0 - ACTIONS OF THE BOARD - Continued county of Maricopa, Arizona, through i t s indirect subsidiary, UniMortgage Corporation of Arizona (8/6/83) 3/ Boston RIHT FINANCIAL CORPORATION, (formerly 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 ( i n the o r i g i n a t i o n , sale and servicing of residential and commercial mortgage loans) at 4440 P.G.A., Boulevard, Suite 401, Palm Beach Gardens, Florida, the service area for the mortgage banking a c t i v i t i e s would be Florida; the servicing a c t i v i t y would be offered on a nationwide basis, through i t s subsidiary, RIHT Mortgage Corporation (8/5/83) 3/ New York The Chase Manhattan Corporation, New York, New York, requests permission to establish a de novo o f f i c e to engage in the following a c t i v i t i e s (making or acquiring loans and other extensions of c r e d i t secured by real estate, servicing loans and other extensions of c r e d i t for any person, to o f f e r mortgage term l i f e insurance, accident and health insurance and d i s a b i l i t y insurance d i r e c t l y related to the proposed lending and servicing a c t i v i t i e s ) at 200 F i f t h Avenue, Waltham, Massachusetts, through i t s subsidiary, Chase Home Mortgage Corp. (8/5/83) 3/ New York C i t i c o r p , New York, New York, requests permission to expand the a c t i v i t i e s and service area of an existing o f f i c e engaging in the following a c t i v i t i e s (the making, acquiring, and servicing, for i t s own account and for the account of others, extensions of credit to individuals secured by liens on residential or non-residential real estate; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related to extensions of mortgage loans) at 1150 N. 25th Street, Grand Junction, Colorado, through i t s subsidiary, Citicorp Person-to-Person Financial Center, Inc. (8/2/83) 3/ New York C i t i c o r p , New York, New York, requests permission to establish a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquiring, for i t s own account or for the account of others, loans and other extensions of c r e d i t , secured or unsecured, to individuals and businesses including, but not limited t o , consumer lending, residential and non-residential real estate 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, 1983 No. 31 - 11 ACTIONS OF THE BOARD - Continued lending, commercial lending, sales finance, inventory financing, mobile and manufactured home lending, and factoring; leasing personal or real property or acting as agent, broker or advisor in leasing such property and servicing such leases, subject to a l l of the q u a l i f i c a t i o n s specified in 12 C.F.R. 225,4(a)(6)(a) and ( b ) , where the leases serve as the functional equivalent of an extension of credit to the lessee of the property; servicing loans and other extensions of c r e d i t for any person; and the sale of c r e d i t - r e l a t e d l i f e and accident and health insurance by licensed agents or brokers, as required, and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related to the extensions of mortgage loans) at Corporate Center West, South Main Street, West Hartford, Connecticut, through i t s subsidiary, Citicorp Person-to-Person Financial Center of Connecticut, Inc. (8/5/83) 3/ New York Deutsche Bank AG, Frankfurt, Germany, requests permission to relocate an o f f i c e engaging in the following a c t i v i t i e s (provide dealers of a f f i l i a t e s of Daimler-Benz AG i n the United States and Canada with wholesale financing in the form of loans to finance dealers inventories secured by such i n ventories and provides customers of a f f i l i a t e s of Daimler-Benz AG i n the United States and Canada and t h e i r dealers with r e t a i l financing consisting of purchases by the company from such a f f i l i a t e s and t h e i r dealers of r e t a i l installment obligations purchased by the customer, of purchases of 1 ease receivables and dealer rental receivables in respect of equipment purchased by the customer, of purchases of lease receivables and dealer rental receivables in respect of the equipment leased by the customer and of f u l 1 payout leasing of products of such a f f i l i a t e s and such dealers; i n connection therewith, the company f a c i l i t a t e s the making available through an independent insurance agent of c r e d i t l i f e , accident and physical damage insurance) from 7931 Northeast Halsey, Portland, Oregon to 1815 Southwest Narlow Avenue, Portland, Oregon, through i t s subs i d i a r y , Mercedes-Benz Credit Corporation (7/13/83) 2 / 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 , , 1983 No. 31 - 12 - ACTIONS OF THE BOARD - Continued New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the a c t i v i t i e s to include the following a c t i v i t i e s ( a l l types of sales finance and single and j o i n t c r e d i t l i f e insurance) at Suite 8400, 2155 Louisiana Boulevard, N.E., Albuquerque, New Mexico, through i t s subsidiary, Manufacturers Hanover Financial Services of New Mexico, I n c . (8/4/83) 3/ Mi»w York Manufacturers Hanover Corporation, New York, New York, requests permission to establish 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 (consumer finance i n c l u d i n g , but not l i m i t e d t o , the extension of d i r e c t loans, secured or unsecured, to consumers and the purchase of sales finance contracts; servicing such loans and other extensions of c r e d i t ; and acting as agent or broker f o r the sale of c r e d i t single and j o i n t l i f e insurance and decreasing or level term f i n the case of s i n g l e payment loans] c r e d i t l i f e insurance, and c r e d i t accident, health, and property insurance d i r e c t l y related t o extensions of c r e d i t made or acquired by Finance One) at 141 S. Lake Avenue, Pasadena, C a l i f o r n i a , through i t s subsidiary, Finance One o f C a l i f o r n i a , Inc. (7/30/83) 3/ Cleveland F i f t h Third Bancorp, C i n c i n n a t i , Ohio, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s (data processing and data transmission services w i l l provide the "switching™ services that w i l l enable f i n a n c i a l i n s t i t u t i o n s whose operations are l i m i t e d to the State of Ohio t o share automated t e l l e r machines; the data to be processed and transmitted w i l l be l i m i t e d to f i n a n c i a l , banking or economic data among f i n a n c i a l i n s t i t u t i o n s ; the corporation also intends t o provide the f i n a n c i a l settlement operations necessary f o r a l l of the f i n a n c i a l I n s t i t u t i o n s p a r t i c i p a t i n g in the system, and t o assist the f i n a n c i a l i n s t i t u t i o n s in t h e i r e f f o r t s to provide t h e i r customers with other services for elect r o n i c t r a n s m i t t a l and processing of f i n a n c i a l , banking and economic information) at 38 Fountain Square Plaza, C i n c i n n a t i , Ohio, through i t s subsidiary, Money s t a t i o n , I n c . , C i n c i n n a t i , Ohio (7/31/83) 3/ V "TT<^T^ nr."t flTrat ir.n processed by Reserve Bank on behalf of the Koat(i <•'" Governors under delegated a u t h o r i t y . H.2, 1983 No. 31 - 13 ACTIONS OF THE BOARD - Continued Atlanta Intercontinental Bank Holding Company, Miami, Florida, 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 making real estate appraisals of commercial, residential and i n d u s t r i a l properties and in the leasing of personal property) at 930 Washington Avenue, Suite 500, Miami Beach, Florida, serving the whole State of Florida, through i t s subs i d i a r y , South Florida Real Estate Services, Inc. and Intercontinental Bank H Leasing Company (8/4/83) 3/ Atlanta National Banking Corporation of Florida, I n c . , Miami, F l o r i d a , 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 ( t o engage in leasing personal property or acting as agent, broker or adviser in leasing such property) these a c t i v i t i e s would be conducted in the state of F l o r i d a , through i t s subsidiary, National Banking Lease Corporation (8/6/83) 3/ St. Louis F i r s t Central Corporation, Searcy, Arkansas, n o t i f i cation of intent to engage in de novo a c t i v i t i e s ( t o o f f e r real estate appraisaT~service) t h i s service would be p r i m a r i l y performed in White County, Arkansas, and the surrounding area (8/3/83) 3/ St. Louis Mountain Bancshares, I n c . , Y e l l v i l l e , Arkansas, n o t i f i cation of intent to engage in de novo a c t i v i t i e s ( t o engage d i r e c t l y in real estate appraisal) t h i s a c t i v i t y would be performed in Marion, Baxter and Boone Counties in the State of Arkansas (8/1/83) 3/ Minneapolis Norwest Corporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s (to engage in the a c t i v i t i e s of consumer finance, sales finance and commercial finance, the sale of c r e d i t l i f e , c r e d i t accident and health and property and c r e d i t - r e l a t e d casualty insurance related to extensions of credit by that company [such sale of c r e d i t - r e l a t e d insurance being a permissible a c t i v i t y under Subparagraph D of T i t l e VI of the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982] and the o f f e r i n g for sale and s e l l i n g of travelers checks) from 6891 Lindale Drive, Sacramento, California to Southpointe Shopping Center, 6157 Mack Road, Sacramento, California and to engage de novo in the a c t i v i t i e s of commercial finance from said o f f i c e , as relocated; upon relocation, said o f f i c e w i l l serve Sacramento, C a l i f o r n i a , through i t s subs i d i a r y , Norwest Financial C a l i f o r n i a , Inc. (8/1/83) 3/ 37 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, 1983 No. 31 - 14 ACTIONS OF THE BOARD - Continued Minneapolis Norwest Corporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s (to engage in the a c t i v i t i e s of consumer finance, sales finance and commercial finance, the sale of credit l i f e , credit accident and health and property and credit-related casualty insurance related to extensions of credit by those companies [such sale of c r e d i t - r e l a t e d insurance being a permissible a c t i v i t y under Subparagraph D of T i t l e VI of the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982] and the o f f e r i n g for sale and s e l l i n g of t r a v e l e r s checks) from 4688 Palm Avenue, Hialeah, Florida t o 7351-A Miami Lakes Drive, Miami Lakes, Florida and to engage de novo in the a c t i v i t i e s of commercial finance from said o f f i c e , as relocated; upon relocation, said o f f i c e w i l l serve Miami Lakes, F l o r i d a , and other nearby suburbs of Miami, Florida, through i t s subsidiaries, Norwest Financial Florida, I n c . , Norwest Financial Credit Services, Inc. and Norwest Financial America, Inc. (8/1/83) 3/ Minneapolis Norwest Corporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s (to engage in the a c t i v i t i e s of consumer finance, sales finance and commercial finance, the sale of credit l i f e , credit accident and health and property and c r e d i t - r e l a t e d casualty insurance related to extensions of credit by those companies [such sale of c r e d i t - r e l a t e d insurance being a permissible a c t i v i t y under Subparagraph D of T i t l e VI of the Garn-St Germain Depository I n s t i tutions Act of 1982] and the o f f e r i n g for sale and s e l l i n g of travelers checks) from 1412 West F a i r f i e l d Drive, Suite No. 8, F a i r f i e l d Plaza, Pensacola, Florida to Eastgate North Shopping Center, 7139 North 9th Avenue, Suite 103, Pensacola, Florida and to engage de novo in the a c t i v i t i e s of commercial finance from said o f f i c e , as relocated and for Norwest Financial Florida, Inc. to engage de novo in the aforementioned a c t i v i t i e s at said o f f i c e , as relocated; upon relocation, said o f f i c e w i l l serve Pensacola, Florida, through i t s subsidiaries, Norwest Financial Florida, I n c . , Norwest Financial Credit Services, Inc. and Norwest Financial America, Inc. (8/1/83) 3/ 3/ 4 l 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, 1983 No. 31 -15ACTIONS OF THE BOARD - Continued Minneapolis Norwest Corporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s (to engage i n the a c t i v i t i e s of consumer finance, sales finance and commercial finance, the sale of credit l i f e , c r e d i t accident and health and property and creditrelated casualty insurance related to extensions of credit by that company [such sale of c r e d i t - r e l a t e d insurance being a permissible a c t i v i t y under Subparagraph D of T i t l e VI of the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982] and the o f f e r i n g for sale and s e l l i n g of travelers checks) from 13208 East Whittier Boulevard, W h i t t i e r , California to Whittwood Center, 15760 LaForge, W h i t t i e r , California and to engage de novo in the a c t i v i t i e s of commercial finance from said o f f i c e , as relocated; upon relocation, said o f f i c e w i l l serve W h i t t i e r , C a l i f o r n i a , and other nearby suburbs of Los Angeles, C a l i f o r n i a , through i t s subsidiary, Norwest Financial C a l i f o r n i a , Inc. (8/1/83) 3/ Minneapolis Norwest Corporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s (consumer finance, sales finance and commercial finance, the sale of c r e d i t l i f e , c r e d i t accident and health and property and c r e d i t related casualty insurance related to extensions of c r e d i t by Norwest Financial North Carolina, I n c . , Norwest Financial North Carolina 1, Inc. and Norwest Financial America, Inc. [such sale of c r e d i t - r e l a t e d insurance being a permissible a c t i v i t y under Subparagraph D of T i t l e VI of the Garn - St Germain Depository I n s t i t u t i o n s Act of 1982] and the o f f e r i n g for sale and s e l l i n g of travelers checks) t h i s n o t i f i c a t i o n i s for the relocation within the same c i t y of an existing o f f i c e of Norwest Financial North Carolina, Inc. and Norwest Financial North Carolina 1, Inc. in Charlotte, North Carolina; and requests permission to engage de novo in the a c t i v i t y of commercial finance from said o f f i c e , as relocated; a d d i t i o n a l l y by t h i s n o t i f i c a t i o n , Norwest Financial America, I n c . , also a subsidiary of Norwest Corporation proposes to engage de novo in commercial finance at t h i s same relocated o f f i c e ; upon relocation, said o f f i c e w i l l serve Charlotte, North Carolina, through i t s subsidiaries, Norwest Financial North Carolina, I n c . , Norwest Financial North Carolina 1, I n c . , and Norwest Financial American (8/1/83) 3/ 3/ 4Tc)(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 . L 2 , 1983 No. 31 - 1 6 - ACTIONS OF THE BOARD - Continued Minneapolis Norwest Corporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s (to engage in the a c t i v i t i e s of consumer finance, sales finance and commercial finance, the sale of credit l i f e , c r e d i t accident and health and property and c r e d i t related casualty insurance related to extensions of c r e d i t by those companies [such sale of c r e d i t related insurance being a permissible a c t i v i t y under Subparagraph D of T i t l e VI of the GarnSt Germain Depository I n s t i t u t i o n s Act of 1982] and the o f f e r i n g for sale and s e l l i n g of travelers checks) from 116 East 4th Street, Joplin, Missouri to Northpark M a l l , Suite B2-17, J o p l i n , Missouri and to engage de novo in the a c t i v i t i e s of commercial finance from said o f f i c e , as relocated; upon relocation, said o f f i c e w i l l serve J o p l i n , Missouri, and nearby communities, through i t s subsidiaries, Norwest Financial Missouri, Inc. and Norwest Financial Missouri 1, Inc (8/1/83) 3/ Minneapolis Norwest Corporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s (to engage in the a c t i v i t i e s of consumer finance, sales finance and commercial finance, the sale of credit l i f e , c r e d i t accident and health and property and c r e d i t related casualty insurance related to extensions of c r e d i t by that company [such sale of c r e d i t - r e l a t e d insurance being a permissible a c t i v i t y under Subparagraph D of T i t l e VI of the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982] and the o f f e r i n g f o r sale and s e l l i n g of travelers checks) from Suite 116, 17845 North Yellowstone Highway, Idaho F a l l s , Idaho to 1840 East 17th Street, Idaho F a l l s , Idaho and to engage in de novo in the a c t i v i t i e s of commercial finance from said o f f i c e , as relocated; upon relocation, said o f f i c e w i l l serve Idaho F a l l s , Idaho, and nearby communities, through i t s subsidiary, Norwest Financial Idaho, Inc. ( 8 / 1 / 8 3 ) 3 / Dallas Mercantile Texas Corporation, Dallas, Texas, 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 (to engage in supervising on behalf of insurance underwriters the a c t i v i t i e s of r e t a i l insurance agents who sell f i ) f i d e l i t y insurance and property and casualty insurance on the real and personal property used in the operations of Mercanti1e or any of i t s subsidiaries and ( i i ) group insurance that protects the employees 37 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.?, 1983 No. 31 - 17 ACTIONS OF THE BOARD - Continued of Mercantile or any of i t s subsidiaries) through i t s subsidiary, Mercantile Texas General Agency, Inc. (8/4/83) 3/ San f rant i sco Cat Rep Bancorp, I n c . , Bakersfield, C a l i f o r n i a , n o t i f i cation of intent to engage i n de novo a c t i v i t i e s (acting as agent f o r the sale o7 l i f e , accident and health insurance d i r e c t l y related to extensions of c r e d i t by i t s subsidiary, C a l i fo rn i a Republic Bank as amended by Section 601(A) of the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982) these a c t i v i t i e s would be conducted from o f f i c e s of Applicant's subs i d i a r y bank in Bakersfield, Frazier Park and Tehachapi, C a l i f o r n i a , serving Kern County, C a l i f o r n i a , and in Lancaster, C a l i f o r n i a , serving Los Angeles County, C a l i f o r n i a (8/5/83) 3/ 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 to engage in de novo a c t i v i t i e s (leasing company a c t i v i t i e s by leasing personal property which was acquired s p e c i f i c a l l y for the leasing transaction, i n leases which are the functional equivalent of extensions of c r e d i t ) at 707 Wilshire Boulevard, Los Angeles, C a l i f o r n i a , serving the ited States, through i t s subsidiaries, F i r s t I n t e r state Leasing Services Company and F i r s t Interstate Leasing, Inc. (8/2/83) 3/ 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 to engage in de novo a c t i v i t i e s ( i n providing real estate appraisal services; real estate investment advisory services to closed-end pooled real estate funds that are registered investment companies; financial advisory services to state and local governments regarding real estate investments and development p r o j e c t s ; real-estate-related management consulting to n o n a f f i l i a t e d depository i n s t i t u t i o n s , and real estate investment advisory services, general economic advice, and industry studies to other persons) at 630 F i f t h Avenue, New York, New York, serving New York State and the Greater New York Metropolitan area, through i t s subsidiary, Thomas L. Karsten & Associates (8/2/83) 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.?, 19ft3 Mo. 31 - 18 ACTIONS OF THE BOARD - Continued San franr-i SCO , ings River Bancorp, Reed ley, 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 (to act as agent for the sale o7~l i f e , accident and health and physical damage insurance d i r e c t l y related to extensions of c r e d i t by i t s wholly owned subsidiary, Kings River State Bank, and, in p a r t i c u l a r , exceptions (A) and (F) of Section 4(c)(8) which allow a bank holding company to provide insurance as agent where the insurance i s l i m i t e d to assuring repayment of the outstanding balance due on a specific extension of credit by a subsidiary of the bank holding company in the event of the death, d i s a b i l i t y , or involuntary uneitployment of the debtor, and any other insurance agency a c t i v i t y by a bank holding company which has t o t a l assets of $50,000,000 or less) in Reed ley, 01 nuba, Qrosi and P a r l i e r , California (8/5/83) 3/ San Francisco Security Pacific Corporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of intent t o engage in de novo a c t i v i t i e s ( i n the o r i g i n a t i o n and acquisition of mortgage loans, and commercial p r o p e r t i e s for Security Pacific Mortgage Corporation's own account or for sale to others; and the servicing of such loans f o r others) in Denver, L i t t l e t o n and Longmont, Colorado, serving the State of Colorado, through i t s subsidiary, Security Pacific Mortgage Corporation (8/6/83) 3/ San Francisco Security Pacific Corporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n making or acquiring, f o r i t s own account or for 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 credit such as would be made by a factoring company or consumer finance company, and acting as agent or broker f o r the sale of credit l i f e , c r e d i t accident and health and c r e d i t property insurance, such as permitted pursuant to Section 601(A) and (D) of T i t l e VI of the Garn-St Germain Act) in Mishawaka, Indiana, serving the State of Indiana, through i t s subsidiary, Security Pacific Finance Corp. (8/1/83) 3/ San Francisco Security Pacific Corporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n 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 , 37 ~ 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, 1983 No. 31 -19ACTIONS OF THE BOARD - Continued 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 f a c t o r i n g company or a consumer finance company, and acting as broker or agent f o r the sale of c r e d i t l i f e , c r e d i t accident and health and c r e d i t property insurance, such insurance a c t i v i t i e s being permitted pursuant to Section 601 (A) and (D) of T i t l e VI of the Garn-St Germain Act) at the Aviation M a l l , Route 254, Glens F a l l s , New York, serving the State of New York, through i t s s u b s i d i a r i e s , Security Pacific Finance Corp. and SPF Credit Services, Inc. (8/2/83) 3/ San Francisco Wells Fargo & Company, San Francisco, C a l i f o r n i a , n o t i t i cation of i n t e n t to engage in de novo a c t i v i t i e s (making or acquiring loans and other extensions of c r e d i t , including consumer installment loans originated by others and commercial loans secured by a borrower's or guarantor's assets; servicing loans f o r the account of others; making f u l l pay-out leases of personal property; and acting as agent f o r c r e d i t l i f e or accident and health insurance related to i t s extensions of c r e d i t i n accordance with the Board's Regulation Y and T i t l e VI of the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982) in Fort Worth, Texas, serving Texas, Arkansas, Louisiana, New Mexico, and Oklahoma, through i t s subsidiary, Wells Fargo Credit Corporation (8/6/83) 3/ San Francisee Wells Fargo & Company, San Francisco, C a l i f o r n i a , n o t i f i cation 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 acquiring f o r i t s own account or f o r the account of others loans and other extensions of credit; servicing loans f o r the account of others; leasing real and personal property; acting as investment or f i n a n c i a l advisor; acquiring and servicing such investments f o r the account of o t h e r s , including acting as an agent, broker or advisor i n leasing real and personal property; and providing bookkeeping and data processing services f o r i t s i n t e r n a l operations and f o r the processing and transmission of f i n a n c i a l , banking and economic data f o r i t s c l i e n t s i n connection with and related to i t s advisory services for such c l i e n t s , in accordance 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, 1983 No. 31 - 2 0 - ACTIONS OF THE BOARD - Continued with the Board's Regulation Y) in San Francisco, C a l i f o r n i a , and in the Washington, D. C. metropolitan area (which area includes the D i s t r i c t of Columbia and i t s Maryland and Virginia suburbs), serving commercial borrowers throughout the United States and abroad, through i t s subsidiary, Wells Fargo Realty Advisors (8/6/83) 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, 1983 No. 31 - 21 - APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act New York Irving Trust Company, New York, New York. To establish a branch o f f i c e at 101 Barclay Street, Borough of Manhattan, City and State of New York. 2/ Richmond United Virginia Bank, Richmond, V i r g i n i a . To establish a branch 100 yards west of the intersection of Wiehle Avenue and Sunrise Valley Drive, Reston, Fairfax County, 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 5425 Robin Hood Road, Norfolk, V i r g i n i a . 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Richmond F i r s t Commonwealth Bank, Wise, V i r g i n i a . 2/ Chicago PBS State Bank, Port Byron, I l l i n o i s . 2/ To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Chicago PBS State Bank, Port Byron, I l l i n o i s , to merge with Port Byron State Bank, Port Byron, I l l i n o i s . 27 * 77 * * * * * 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. 19F3 No. 31 - 22 APPLICATIONS RECEIVED - Continued Applications and N o t i f i c a t i o n s f o r International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) , 4(c)(13) and 4(c)(14) of the Bank Holding Company Act of 1956, as amended Boston State Street Boston Corporation, Boston, Massachusetts p r i o r n o t i f i c a t i o n of i t s intent to invest in State Street Trade Development Co., I n c . , Boston, Massachusetts, a de novo export trading company. New York Citibank Overseas Investment Corporation, Wilmington, Delaware: p r i o r n o t i f i c a t i o n of i t s intent to acquire Banco de Levante, S.A., Madrid, Spain and i t s three majority owned subsidiaries: Immobiliaria Jienense S.A.; TransLeasing S.A.; and Incredit S.A. * * * * * To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act New York The Chase Manhattan Bank, N.A., New York, New York: p r i o r n o t i f i c a t i o n of i t s intent to open an i n i t i a l branch in Istanbul, Turkey. To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act ot 1956 Atlanta Florida County Banks, I n c . , Trenton, F l o r i d a , for approval to acquire 100 percent of the voting shares of The Farmers and Merchants Bank of Trenton, Trenton, F l o r i d a . 2] Atlanta The lawton Company, Sulphur, Louisiana, for approval to retain 100 percent ownership of William T. Burton, Industries, I n c . , Lake Charles, Louisiana and i n d i r e c t l y acquire at least 75 percent of the voting shares of The Calcasieu-Marine National Bank, Lake Charles, Louisiana. 2/ 7J 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 t o the length of the comment period. H.?„ MR3 No, 31 -23APPL1CATI0NS RECEIVED - Continued C'ft'c^go Aurora F i r s t National Bancorp, Aurora, Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to The F i r s t National Rank of Aurora, Aurora, Indiana. _?/ Chicago F i r s t Port Byron Bancorp, I n c . , Port Byron, I l l i n o i s , f o r approval to acquire 100 percent (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 Port Byron State Bank, Port Byron, I l l i n o i s . 2J Chicago Genoa Bancshares, I n c . , Genoa, I l l i n o i s , for approval to acquire 100 percent of the voting shares of the successor by merger to Genoa State Bank, Genoa, I l l i n o i s . 2/ Chicago Iola Bancshares, I n c . , I o l a , Wisconsin, f o r approval to acquire 95.4 percent of the voting shares of F i r s t State Bank of I o l a , I o l a , Wisconsin. 2/ Chicago Sandwich Banco, I n c . , Sandwich, I l l i n o i s , for approval t o 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 Sandwich State Bank, Sandwich, I l l i n o i s , and the F i r s t National Bank in De Kalb, De Kalb, I l l i n o i s . 2/ S t . Louis Mercantile Bancorp, I n c . , approval to acquire 100 shares of the successor & Savings Bank, Quincy, Minneapolis Eagle Bank Holding Corp., Clarissa, Minnesota, for approval to acquire at least 91.25 percent of the voting shares of Citizens State Bank, Eagle Bend, Minnesota. 2/ Minneapolis Frandsen Bancshares, I n c . , Luck, Wi scon s i n , for approval to acquire 100 percent of the voting shares o f F i d e l i t y State Bank, Luck, Wisconsin. 2/ Kansas City Brewster Bankshares, Incorporated, Brewster, Kansas, for approval to acquire at least 80.45 percent of the voting shares of Brewster National Bank, Brewster, Kansas. 2/ 27 Quincy, I l l i n o i s , for percent of the voting by merger to Mercantile Trust I l l i n o i s . 2J Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1983 No. 31 - 24 APPLICATIONS RECEIVED - Continued Kansas City Caney Valley Bancshares, I n c . , Caney, Kansas, for approval to acquire at least 95 percent of the voting shares of Caney Valley National Bank, Caney, Kansas, j?/ Kansas City Exchange Bancorp, of Tulsa, I n c . , Tulsa, Oklahoma, for approval to acquire at least 80 percent of the voting shares of Exchange National Bank, Tulsa, Oklahoma. 2/ Kansas City F i r s t Fowler Bancorp, I n c . , Fowler, Colorado, for approval to acquire 100 percent of the voting shares of F i r s t National Bank of Fowler, Fowler, Colorado. 2/ Kansas City Helena Bancshares, I n c . , Helena, Oklahoma, for approval to acquire at least 80 percent of the voting shares of The Helena National Bank, Helena, Oklahoma. 21 Kansas City The Mitch Corporation, M i t c h e l l , Nebraska, for approval to acquire at least 91 percent of the voting common stock of F i r s t National Bank in M i t c h e l l , M i t c h e l l , Nebraska. 2j Kansas City Mountain Bancorporation, I n c . , Denver, Colorado, for approval to acquire 100 percent of the voting shares of Mountain Valley Bank, Conifer, Colorado and Bank of Park County, Bailey, Colorado. 2J Kansas City Triad Bancshares, I n c . , Tulsa, Oklahoma, for approval to acquire 100 percent of the voting shares of Triad Bank, N.A., Tulsa, Oklahoma, a proposed new bank. 2:/ Dallas ENTEX Bancshares, I n c . , Enloe, Texas, for approval to acquire 100 percent of the voting shares of The Enloe State Bank in Enloe, Enloe, Texas. 2J Dallas Washington County Bancshares, I n c . , Brenham, Texas, for approval to acquire at least 80 percent of the voting shares of Washington County State Bank, Brenham, Texas. 2/ San Francisco Cobanco, I n c . , Santa Cruz, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of County Bank of Santa Cruz, Santa Cruz, C a l i f o r n i a . 2/ 2J Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1983 No. 31 - 25 APPLICATIONS RECEIVED - Continued San Francisco Silicon Valley Bancshares, San Jose, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of Silicon Valley Bank, San Jose, C a l i f o r n i a , a proposed new bank. 2J * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Atlanta Farmers Bancshares, Inc, Cadwell, Georgia, for approval to acquire 100 percent of the voting shares of The Security State Bank, McRae, Georgia. 2/ Minneapolis Montana Bancsystem, I n c . , B i l l i n g s , Montana, for approval to acquire up to 15 percent of the voting shares of Bank of Montana System, Great F a l l s , Montana, and i n d i r e c t l y Northern Bank of Montana, Big Sandy, Montana; Miners Bank of Montana, N.A., Butte, Montana; Liberty Bank of Montana, Chester, Montana; Blaine Bank of Montana, Chinook, Montana; Pondera Bank of Montana, Conrad, Montana; F i r s t Security Bank of Montana, N.A., Glasgow, Montana, Central Bank of Montana, Great F a l l s , Montana; Eastside Bank of Montana, Great F a l l s , Montana; Citizens Bank of Montana, Havre, Montana; Bank of Montana, Helena, Montana; Midstate Bank of Montana, Lewistown, Montana; Missoula Bank of Montana, Missoula, Montana; Farmers-Merchants Bank of Montana, Rudyard, Montana; The F i r s t State Bank of Montana, Thompson F a l l s , Montana and Valier Bank of Montana, V a l i e r , Montana. 2J Kansas Clarke, Inc., P a p i l l i o n , Nebraska, for approval to acquire 100 percent of the nonvoting preferred stock of the Mitch Corporation, M i t c h e l l , Nebraska and i n d i r e c t l y F i r s t National Bank i n M i t c h e l l , M i t c h e l l , Nebraska. 2/ Kansas City Dawson Corporation, Lexington, Nebraska, for approval to acquire 73 percent of the voting shares of The Mitch Corporation, M i t c h e l l , Nebraska. 2J 2? Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1983 No. 31 -26APPLICATIONS RECEIVED - Continued Dal las F i r s t Bancshares of Texas, I n c . , Longview, Texas, for approval to acquire 100 percent of the voting shares of The F i r s t National Bank of Atlanta, Atlanta, Texas. 2/ Dal las Gulf Southwest Bancorp, I n c . , Houston, Texas, for approval t o acquire 100 percent of the voting shares of Dickinson State Bank, Dickinson, Texas. 2/ Dallas United Bankers, I n c . , Waco, Texas, for approval to acquire at least 60 percent of the voting shares of Travis Bank and Trust, Austin, Texas. l j San Francisco Moore Financial Group, Incorporated, Boise, Idaho, for approval to acquire 100 percent of the voting shares of Oregon Mutual Savaings Bank, Portland, Oregon. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 New York 77 Barclays Bank PLC and Barclays Bank International Limited, both of London, England, request permission to relocate an existing o f f i c e engaging in the following a c t i v i t i e s (making d i r e c t consumer loans, including loans secured by real estate, and purchasing sales finance contracts representing extensions of c r e d i t such as would be made or acquired by a consumer finance company, and wholesale financing [ f l o o r planning] and acting as agent for the sale of related c r e d i t l i f e , credit accident and health and c r e d i t property insurance; credit l i f e and c r e d i t accident and health insurance sold as agent may be underwritten or reinsured by the insurance underwriting subsidiaries of BarclaysAmericanCorporation) from 919 Mitchell Boulevard, Florence, Alabama to 2811 West Mai 1 Road, Florence, Alabama, through t h e i r subsidiary, BarclaysAmerican/ Financial, Inc. (8/3/83) Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.;\ 3) - 27 AFRICA] IONS PECE1VEU - Continued ?f Chemical New York Corporation, New York, New York, requests permission to relocate an o f f i c e engaging in the following a c t i v i t i e s (making direct loans, purchasing installment sales finance contracts, ar.i icTing as agent or broker for the sale of credit l i f e , accident and health, and credit property and casualty insurance, a l l d i r e c t l y related to such extensions of c r e d i t ) from 2000 Clearview Avenue, Atlanta, Georgia, to 2302 Parklake Drive, N.E., Atlanta, Georgia, through i t s subsidiary, Sunamerica Financial Corporation (8/3/^3) Nfw YorK The Fuji Bank,, Limited, Tokyo, Japan, for approval to acquire a l l the outstanding shares of Walter E. HeHer % Company, Chicago, I l l i n o i s . Philadelphia Fultor Financial Corporation, Lancaster, Pennsylvania, n o t < f i c a t M n of intent to engage in de novo a c t i v i t i e s ( i n underwriting, as reinsurer, c r e d i t l i f e and acc:rent and health insurance d i r e c t l y related to extt-rsions of credit by the Corporation's subsidiary bank[s)) these a c t i v i t i e s w i l l be conducted in the State of Pennsylvania, through i t s subsidiary, Fulton L i t e Insurance Company (7/27/83) neve!and Mellon National Corporation, Pittsburgh, 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 (providing real estate and p o r t f o l i o investment advice, including; ( i ) serving as the advisory company for a mortgage or a real estate investment t r u s t ; ( i i ^ serving as investment adviser, as defined in Section 2(a)(20) of the Investment Company Act of 1940, to an investment company registered under that Act; ( i i i ) furnishing general economic information and advice, general economic s t a t i s t i c a l forecasting services and industry studies; and ( i v ) providing financial advice to State and local governments, such as with respect to the issuance of t h e i r s e c u r i t i e s and with respect to real estate p o r t f o l i o investment advice) at 595 Market Street, San Francisco, C a l i f o r n i a , through i t s subsidiary, Mellon Financial Services Corporation #6 (7/29/83) Mcfmono Ja&es Madison Limited, Washington, D. C., n o t i f i c a t i o n gf intent to relocate an o f f i c e engaging in the t o r c h i n g a c t i v i t i e s ( t o continue to engage in c e r t a ^ mortgage banking services) from 4700 Auth Place, Suit land, Maryland to 1751 Elton Road, Silver Spring, Maryland, through i t s subsidiary, A. E. Lant:teight. Inc. (9/3/83) • «,?, 1983 No. 31 • - ?R A, ;-j I' ATIONS REfE 1VE0 - Continued Richromi :>101 ust Bancorp, Baltimore, Maryland, n o t i f i c a t i o n of intent te engage in de novo a c t i v i t i e s (commercial 1 en<<ikj and providing services incidental to such loans} at Baltimore and Charles Streets, Baltimore, Maryland (8/1/83) At 1 %» F i r s t Sail road 8 Banking Company of Georgia, Augusta, Georgia, 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 consumer installment loans secured by note, household goods and f i r s t or second mortgages on real estate up t o $15,000; purchasing installment sales contracts up to $3,600; underwriting c r e d i t l i f e and accident and health insurance; and to sell as agent, property insurance in connection with i t s loans and installment sales contracts) such a c t i v i t i e s w i l l be conducted at a location to be selected i n B r i s t o l , Tennessee, covering a service area encompassing Sullivan County, through i t s subsidiary, CMC Group, Inc. (8/1/83) At 1 n'd Midlantic Banks I n c . , Edison, New Jersey and Florida Coast Banks I n c . , Pompano 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 ( a c t i v i t i e s related to or incidentaT*to the conduct of a t r u s t business including f i d u c i a r y , agency, or custodial services) at the Arvida Executive Center at the northwest i n t e r s e c t i o n of Glades Road and I n t e r state 95, Boca Raton, F l o r i d a , serving the western portion of Boca Raton from Linton Boulevard to the Palm Beach/Broward County l i n e , through i t s subsidiary, Florida Coast Midi antic Trust Company, N.A. (8/2/83 Chicago F i r s t Chicago Corporation, Chicago, I l l i n o i s , n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n performing or carrying on any or more of the a c t i v i t i e s that may be performed or carried on by a t r u s t company) at 120 Broadway, New York C i t y , New York, through i t s subsidiary, F i r s t Chicago Trust Company of New York (7/27/83) Chicago F i r s t Wisconsin Corporation, Milwaukee, Wisconsin, 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 and acquiring f o r T t s own account or f o r the account of others, loans and other extensions of c r e d i t such as would be made by a mortgage company; acting as agent for the sale of c r e d i t l i f e and accident and health insurance) H./, <; -29^tCEIVEO - Continued Hal! ' Sa* fr Irm-unity Bankers, I n c . , Granbury, Texas, n o t i f i c a t i o n f intent to encage in do novo a c t i v i t i e s ( i n ffmrnerriai ard consigner c r e d i t a c t i v i t i e s including direct loans, discounting of commercial paper, ox rtyace loans ami installment loans) these a c t i v i t i e s per Conned in the o f f i c e of applicant located -r tow" of Acton, Texas and in a five mile radius i r the surrounding rural area (7/29/83) i San Francisco HankAmerira Corporation, San Francisco, California 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 the a c t i v i t i e s of an i n d u s t r i a l bank under the Colorado Industrial Bank Act and to engage in the additional a c t i v i t i e s of the issuance of NOW or other transaction accounts as well as the issuance of c r e d i t and debit cards; FinanceAmerica Industrial Bank w i l l also continue to engage in the a c t i v i t i e s of making loans and other extensions of c r e d i t to individuals f o r personal, family or household purposes, purchasing United States government s e c u r i t i e s , engaging in the sale of travelers checks, servicing loans and other extensions of c r e d i t , and o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t related accident and health insurance; the aforementioned types of c r e d i t - r e l a t e d insurance are permissible under Section 4(c)(8)(A) of the Bank Holding Company Act of 1956, as amended by the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982; c r e d i t - r e l a t e d property insurance w i l l not be o f f e r e d ; such a c t i v i t i e s w i l l include, but not be l i m i t e d t o , issuing investment c e r t i f i c a t e s and accepting savings accounts on an i n t r a s t a t e basis only; issuing transactions (NOW) accounts; making consumer installment loans unsecured or secured by real and personal property and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d accident and health insurance in connection with extensions of credit made or acquired by FinanceAmerica Industrial Bank; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d accident and health insurance may be reinsured by BA Insurance Company, I n c . , an a f f i l i a t e of FinanceAmerica Industrial Bank) in Denver, Colorado, serving the State of Colorado, through i t s i n d i re ct subsidiary, FinanceAmerica Industrial Bank (a Colorado corporation) (7/21/83) United Bancorp of Arizona, Phoenix, Arizona, 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 ((1) o r i g i nation, making, acquiring, purchasing, arranging f o r , holding warehousing and s e l l i n g , for i t s own -30- H.2, 1983 No. 31 APPLICATIONS RECEIVED - Continued account and for the account of others, loans of a l l types, and other extensions of c r e d i t , secured by mortgages or deeds of t r u s t on real property such as would be made by a mortgage company; and (2) servicing loans and other extensions of credit for any person) at 9850 Metro Parkway W., Phoenix, Arizona, t h i s o f f i c e w i l l service northwest Phoenix, through i t s subsidiary, H. S. Pickrell Company (8/6/83) * * * * * REPORTS RECEIVED None * * * * * PETITIONS FOR RULEMAKING None I
@FedFRASER