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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( H . 2 , 1981 No. 32) 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 R e c e i v e d During t h e Week Ending August 8 , APPLICABLE RESERVE BANK 1981 ACTIONS OF THE BOARD Robert E. F r a z i e r , A s s o c i a t e D i r e c t o r , D i v i s i o n of Support S e r v i c e s , promotion announced. San Francisco E n t e r p r i s e Bancorp, Oakland, C a l i f o r n i a , e x t e n s i o n of time t o November 2 1 , 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 of a l l o u t s t a n d i n g s h a r e s of F i r s t E n t e r p r i s e Bank, Oakland, C a l i f o r n i a . \J Chicago F i r s t DeKalb B a n c s h a r e s , I n c . , DeKalb, I l l i n o i s , e x t e n s i o n of time to November 9 , 1981, w i t h i n which to become a bank h o l d i n g company through the a c q u i s i t i o n of 100 p e r cent 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 to F i r s t N a t i o n a l Bank i n DeKalb, DeKalb, I l l i n o i s . JL/ Chicago F i r s t S h i l o h B a n c s h a r e s , I n c . , Zion, I l l i n o i s , e x t e n s i o n of time t o November 13, 1981, w i t h i n which to become a bank h o l d i n g company through the a c q u i s i t i o n of 100 p e r cent 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 Zion S t a t e Bank and Trust Company, Z i o n , I l l i n o i s . \J Chicago F i r s t S o u t h e a s t Banking C o r p . , D a r i e n , W i s c o n s i n , e x t e n s i o n of time to September 5, 1981, w i t h i n which to a c q u i r e 6 2 . 0 6 percent or more of t h e v o t i n g s h a r e s of F i r s t Bank S o u t h e a s t , N . A . , Kenosha, Wisconsin and 80 percent or more of t h e v o t i n g s h a r e s o f F i r s t Bank S o u t h e a s t , N . A . , Kenosha, W i s c o n s i n and 80 p e r c e n t or more of t h e v o t i n g s h a r e s o f F i r s t Bank S o u t h e a s t of S i l v e r Lake, S i l v e r Lake, W i s c o n s i n . _1/ At lant a N i c e v i l l e Bankshares C o r p o r a t i o n , N i c e v i l l e , F l o r i d a , e x t e n s i o n of time to November 3 , 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 of F i r s t N a t i o n a l Bank of N i c e v i l l e , N i c e v i l l e , F l o r i d 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. 32 - 2 - ACTIONS OF THE BOARD-Continued Atlanta S o u t h e a s t Banking C o r p o r a t i o n , Miami, F l o r i d a , e x t e n s i o n of time to October 27, 1981, w i t h i n which t o e s t a b l i s h a t r u s t s e r v i c e o f f i c e of S o u t h e a s t Banks Trust Company, N . A . , on t h e premises of t h e S o u t h e a s t Bank of P a s c o , Port R i c h e y , F l o r i d a . J7 Cleveland Union Commerce C o r p o r a t i o n , C l e v e l a n d , O h i o , e x t e n s i o n of time to A p r i l 1, 1982, w i t h i n which to a c q u i r e The F i r s t N a t i o n a l Bank of N e l s o n v i l l e , N e l s o n v i l l e , Ohio. JL/ Atlanta Foxworth Bank, Foxworth, M i s s i s s i p p i , an investment bank p r e m i s e s . JL/ Kansas C i t y United S t a t e s Bank of Grand J u n c t i o n , Grand J u n c t i o n , C o l o r a d o , an i n v e s t m e n t i n bank p r e m i s e s . JL/ San Francisco V a l l e y Community Bank, McMinnville, Oregon, e x t e n s i o n of time t o November 4 , 1981, w i t h i n vrfiich t o complete t h e r e q u i r e m e n t s f o r membership i n the F e d e r a l Reserve System. _1/ Richmond F i r s t Union N a t i o n a l Bank of North C a r o l i n a , C h a r l o t t e , North C a r o l i n a , proposed merger with F i r s t N a t i o n a l Bank o f Catawba County, H i c k o r y , North C a r o l i n a ; r e p o r t to t h e C o m p t r o l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . JL/ San Francisco North V a l l e y S u b s i d i a r y C o . , Redding, C a l i f o r n i a , p r o posed merger with North V a l l e y Bank, Redding, C a l i f o r n i a , under the c h a r t e r and t i t l e of the l a t t e r ; r e p o r t to the 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 . JL/ Dal l a s New Farmers Branch Bank, Farmers Branch, T e x a s , proposed merger w i t h Farmers Branch Bank, Farmers Branch, Te x a s; r e p o r t t o t h e F e d e r a l 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/ 1/ in 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. 1 H.2, 1981 No. 32 - 3 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 of t h e F e d e r a l Reserve Act Philadelphia ' Approved Girard Bank, B a l a 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 an e l e c t r o n i c f a c i l i t y a t Laneco Market, A l l e n t o w n , P e n n s y l v a n i a . If Cleveland The Southern Ohio Bank, C i n c i n n a t i , O h i o . To e s t a b l i s h a branch at t h e northwest c o r n e r of t h e i n t e r s e c t i o n of Muhlhauser Road and Route 4 , F a i f i e l d , B u t l e r County, Ohio. 1/ Richmond Bank of Newport News, Newport News, V i r g i n i a . To e s t a b l i s h a branch a t 206-308 High S t r e e t , P o r t s m o u t h , V i r g i n i a . 1/ * * * * * 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 of t h e F e d e r a l Reserve Act Chicago Approved C i t y Bank & Trust Company i n Dixon, Dixon, I l l i n o i s . 1/ * * * * * I s s u e d I n t e n t Not t o Disapprove Change of C o n t r o l Pursuant t o Change i n Bank Control Act of 1978 Cleveland Not Disapproved Northern Kentucky B a n c s h a r e s , I n c . , A l e x a n d r i a , Kentucky. * * * * * To E s t a b l i s h a U.S. Branch of an Edge Act C o r p o r a t i o n Pursuant t o S e c t i o n 2 5 ( a ) o f the Fe d e r a l Reserve Act Chicago _1/ Approved W i s c o n s i n I n t e r n a t i o n a l Bank, New York, New York: grants c o n s e n t to e s t a b l i s h and o p e r a t e a branch in Miami, Florida. 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, - 4 1981 No. 32 ACTIONS OF THE BOARD-Continued 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 f o r I n t e r n a t i o n a l I n v e s t ments and Other A c t i o n s Pursuant t o S e c t i o n s 25 and 2 5 ( a ) of the F e d e r a l Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company Act of 1956, as amended New York San Francisco Withdrawn Chase Manhattan O v e r s e a s Banking C o r p o r a t i o n , Newark, Delaware: d e n i e s r e q u e s t t o d e t e r m i n e t h a t Chase Merchants Bank ( N i g e r i a ) L i m i t e d i s no l o n g e r a subsidiary. Approved S e a t t l e F i r s t N a t i o n a l Bank, S e a t t l e , Washington: grants c o n s e n t to S e a t t l e - F i r s t I n t e r n a t i o n a l C o r p o r a t i o n , S e a t t l e , Washington, t o i n c r e a s e i t s p a i d - i n c a p i t a l by i s s u i n g a c a l l upon the unpaid s h a r e s u b s c r i p t i o n of S e a t t l e - F i r s t N a t i o n a l Bank, S e a t t l e , Washington and a l s o g r a n t s c o n s e n t f o r Edge t o a c q u i r e and h o l d a d d i t i o n a l s h a r e s of S e a f i r s t F i n a n c i a l S e r v i c e s , Canada, L t d . , Edmonton, A l b e r t a , Canada. * * * * * To Become a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) o f t h e Bank Holding Company Act o f 1956 Philadelphia Approved York Bancorp, York, P e n n s y l v a n i a , 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 The York Bank and Trust Company, York, P e n n s y l v a n i a . JL/ Atlanta F r a n k l i n Bancorp, I n c . , C o l l e g e Grove, T e n n e s s e e , f o r approval t o a c q u i r e 9 1 . 7 2 5 percent of t h e v o t i n g s h a r e s of Bank o f C o l l e g e Grove, C o l l e g e Grove, T e n n e s s e e . J L / Chicago P a l o s B a n c s h a r e s , I n c . , P a l o s H e i g h t s , I l l i n o i s , for app r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of P a l o s Bank and Trust Company, P a l o s H e i g h t s , I l l i n o i s . 1/ St. Louis Shawneetown proval t o s h a r e s of Illinois. 17 Bancorp, I n c . , Shawneetown, I l l i n o i s , f o r apa c q u i r e a t l e a s t 8 1 . 0 3 percent of t h e v o t i n g F i r s t N a t i o n a l Bank i n Shawneetown, Shawneetown, 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. 32 - 5 ACTIONS OF THE BOARD-Continued Minneapolis Cambridge C a p i t a l C o . , Cambridge, Minnesota, f o r approval t o 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 P e o p l e s S t a t e Bank of Cambridge, Cambridge, Minnesota. 1/ Kansas C i t y The Chugwater C o r p o r a t i o n , Chugwater, Wyoming, f o r app r o v a l t o a c q u i r e a t l e a s t 80 percent of the 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 Chugwater, Chugwater, Wyoming. J L / * Kansas C i t y C i t i z e n s F i n a n c i a l S e r v i c e s , I n c . , Aurora, Colorado, 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 C i t i z e n s Bank of Aurora, Aurora, Colorado. JL/ Kansas C i t y Mountain V a l l e y B a n k s h a r e s , I n c . , C o n i f e r , C o l o r a d o , for approval t o a c q u i r e at l e a s t 100 p e r c e n t of the v o t i n g s h a r e s o f Mountain V a l l e y Bank, C o n i f e r , Colorado. JL/ Kansas C i t y Mustang Community Ban C o r p . , Mustang, Oklahoma, f o r app r o v a l t o 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 Mustang Community Bank, Mustang, Oklahoma. JL/ Kansas C i t y Thomas County Bankshares of Colby, Kansas, I n c . , Colby, Kansas, f o r 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 Thomas County B a n k s h a r e s , I n c . , Colby, Kansas and t h e r e b y a c q u i r e i n d i r e c t c o n t r o l of 9 5 . 5 percent of t h e v o t i n g s h a r e s of Thomas County N a t i o n a l Bank, Colby, Kansas. Kansas C i t y V & V Holding Company, Lander, Wyoming, for approval t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of C e n t r a l Bank and T r u s t , Lander, Wyoming. 1/ Dallas F i r s t F a i r f i e l d Bankshares, I n c . , F a i r f i e l d , T e x a s , f o r approval t o 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 F i r s t N a t i o n a l Bank, F a i r f i e l d , T e x a s . 1/ Dal l a s Port Neches B a n c s h a r e s , I n c . , Port N e c h e s , T e x a s , for approval t o a c q u i r e a t l e a s t 80 p e r c e n t of the 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 Port Neches, Port Neches, T e x a s . 1/ 17 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. 32 - 6 - ACTIONS OF THE BOARD-Cont inued 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 o f 1956 Cleveland Approved S o c i e t y C o r p o r a t i o n , C l e v e l a n d , O h i o , for approval t o a c q u i r e up t o 100 p e r c e n t of the v o t i n g s h a r e s of The L a n c a s t e r N a t i o n a l Bank, L a n c a s t e r , Ohio. \j Atlanta Southwest F l o r i d a Banks, I n c . , Fort Myers, F l o r i d a , for 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 P e o p l e s Bank of H i l l s b o r o u g h County, Tampa, F l o r i d a . 1/ Chicago Michigan N a t i o n a l C o r p o r a t i o n , B l o o m f i e l d H i l l s , Michigan, for 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 c o n s o l i d a t i o n to Bank of Lenawee County, Adrian, M i c h i g a n . J 7 Minneapolis Dacotah Bank Holding Company, Aberdeen, South Dakota, for 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 Bank of C r e s b a r d , Cresbard, South Dakota. _!/ Dallas C u l l e n / F r o s t B a n k e r s , I n c . , San A n t o n i o , T e x a s , for approval t o a 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 North F r o s t Bank, N a t i o n a l A s s o c i a t i o n , San A n t o n i o , Texas, a proposed new bank. JL/ San Francisco Denied Commercial S e c u r i t y B a n c o r p o r a t i o n , Ogden, Utah, 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 Box Elder County Bank, Brigham C i t y , Utah. * * * * * To R e t a i n Bank S h a r e s Acquired i n a F i d u c i a r y C a p a c i t y Pursuant to S e c t i o n 3 of the Bank Holding Company Act o f 1956 Atlanta T7 Approved C i t i z e n s and Southern C o r p o r a t i o n , Savannah, G e o r g i a , f o r approval t o r e t a i n 3 6 . 2 p e r c e n t of the 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 Wauchula, Wauchula, F l o r i d a . 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. 32 - 7 ACTIONS OF THE BOARD-Continued Atlanta Southern B a n c o r p o r a t i o n of Alabama, I n c . , f o r approval t o r e t a i n i n d i r e c t l y through Birmingham Trust N a t i o n a l Bank, Birmingham, Alabama, 1 9 . 6 5 p e r c e n t of the o u t s t a n d i n g v o t i n g s h a r e s of The F i r s t Bank of A l a b a s t e r , A l a b a s t e r , Alabama. 1/ * * * * * 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 of 1956 New York Kansas C i t y New York New York 1/ 3/ Approved C i t i c o r p , New York, New York, for approval to engage de novo, through i t s s u b s i d i a r y , C i t i c o r p F i n a n c i a l , I n c . i n o p e r a t i n g a r e t a i l check g u a r a n t e e / c h e c k a u t h o r i z a t i o n program i n the S t a t e s of Maryland, P e n n s y l v a n i a , V i r g i n i a and Delaware and t h e D i s t r i c t of Columbia. V & V H o l d i n g Company, Lander, Wyoming, f o r approval t o a c q u i r e 9 0 . 8 6 percent of t h e v o t i n g s h a r e s o f C e n t r a l Trust Company, Lander, Wyoming and t h e r e b y engage in p e r m i s s i b l e a c t i v i t i e s of a t r u s t company. 1/ Permitted B a r c l a y s Bank Limited and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , both of London, England, r e q u e s t p e r m i s s i o n to r e l o c a t e e x i s t i n g o f f i c e s e n g a g i n g i n t h e f o l l o w ing a c t i v i t i e s (commercial f i n a n c e a c t i v i t i e s ) from One Post S t r e e t , San F r a n c i s c o , C a l i f o r n i a to S u i t e 1050, F i d e l i t y P l a z a , Grand and H a r r i s o n S t r e e t s , Oakland, C a l i f o r n i a , through t h e i r s u b s i d i a r y , B a r e l a y s A m e r i c a n / B u s i n e s s C r e d i t , I n c . ( 8 / 5 / 8 1 ) _3/ 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 and f o r the account of o t h e r s , loans and o t h e r e x t e n s i o n s of c r e d i t , both secured and unsecured i n c l u d i n g , but not l i m i t e d t o , consumer and b u s i n e s s l i n e s of c r e d i t , i n s t a l l m e n t l o a n s f o r p e r s o n a l , household and b u s i n e s s purposes and mortgage 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. 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 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. 32 - 8 ACTIONS OF THE BOARD-Continued loans secured by r e a l p r o p e r t y ; t o s e r v i c e loans and o t h e r e x t e n s i o n s of c r e d i t ; t o s e l l t r a v e l e r s checks at r e t a i l ; t o act as i n s u r a n c e agent or broker f o r c r e d i t l i f e i n s u r a n c 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 to 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 ) at Coral Gables I n t e r n a t i o n a l P l a z a , South E a s t Corner Le Jeune Road and V a l e n c i a Avenue, Coral G a b l e s , F l o r i d a , through i t s s u b s i d i a r y , Chase Manhattan F i n a n c i a l S e r v i c e s , I n c . ( 8 / 1 / 8 1 ) J3/ 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 s e r v i c e a r e a of an e x i s t i n g o f f i c e e n g a g i n g i n t h e 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 , f o r i t s own account and for t h e account 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 ; the p r e v i o u s l y approved s e r v i c e a r e a i s comprised of C a l i f o r n i a ; the expanded s e r v i c e area would i n c l u d e the e n t i r e s t a t e s of Nevada and A r i z o n a ) a t 600 C i t y Parkway West, S u i t e 710, Orange, C a l i f o r n i a , through 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 . ( 8 / 2 / 8 1 ) 3 / New 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 i n g i n t h e 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 , f o r i t s own account or for the account of o t h e r s , l o a n s 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 f a c t o r i n g company, and a r r a n g i n g or s e r v i c i n g such l o a n s and other e x t e n s i o n s of c r e d i t f o r any p e r s o n ) at 333 Market S t r e e t , San F r a n c i s c o , C a l i f o r n i a , through i t s s u b s i d i a r y , Manufacturers Hanover Commercial C o r p o r a t i o n , (Delaware) ( 8 / 1 / 8 1 ) _3/ New 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 dje novo o f f i c e engaging i n the f o l l o w ing a c t i v i t i e s (purchasing installment sales finance contracts, and a c t i n g as an agent or broker f o r the s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c 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 which i s d i r e c t l y r e l a t e d t o such l o a n s and e x t e n s i o n s of c r e d i t ; Tempco L i f e I n s u r a n c e Company would r e i n s u r e such c r e d i t l i f e and a c c i d e n t and h e a l t h i n s u r a n c e ) at Diamond S a v i n g s B u i l d i n g , 6100 Channingway B o u l e v a r d , S u i t e 102, Columbus, Ohio, through i t s s u b s i d i a r y , I n v e s t o r s Loan C o r p o r a t i o n of Ohio ( 8 / 1 / 8 1 ) 37 New 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 t o e s t a b l i s h a de novo o f f i c e e n g a g i n g in the f o l l o w ing a c t i v i t i e s ( a r r a n g i n g , making or a c q u i r i n g f o r i t s own account or for the account of o t h e r s , l o a n s and other e x t e n - 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 . I H . 2 , 1981 No. 32 - 9 ACTIONS OF THE BOARD-Continued ' s i o n s of c r e d i t secured by homeowner's e q u i t y i n t e r e s t in a home such a s would be made by a consumer 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 of c r e d i t f o r any p e r s o n , and a c t i n g as a agent or broker for the s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e which i s d i r e c t l y r e l a t e d t o such l o a n s and e x t e n s i o n s of c r e d i t ; Tempco L i f e Insurance Company would r e i n s u r e such c r e d i t l i f e and a c c i d e n t and h e a l t h i n s u r a n c e ) at Diamond S a v i n g s B u i l d i n g , 6100 Channingway B o u l e v a r d , S u i t e 102, Columbus, O h i o , through i t s s u b s i d i a r y , I n v e s t o r s Mortgage Company of O h i o , I n c . ( 8 / 1 / 8 1 ) _3/ New 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 r e l o c a t e an e x i s t i n g o f f i c e and to expand t h e s e r v i c e a r e a of the r e l o c a t e d 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 f i n a n c e ; s a l e s f i n a n c e ; and a c t i n g as a g e n t / b r o k e r f o r c r e d i t i n s u r a n c e ) from 9975 E. C o l f a x Avenue, Aurora, C o l o r a d o , t o 7200 E. Hampden Avenue, Denver, C o l o r a d o , t h e new o f f i c e w i l l s e r v e customers in Denver, G i l p i n , B o u l d e r , J a f f e r s o n and Douglas C o u n t i e s , and Southw e s t e r n and West-Central Adams, N o r t h w e s t e r n and West-Central Arapahoe, S o u t h e a s t e r n Larimer, S o u t h w e s t e r n Weld, E a s t e r n Grand, N o r t h e a s t e r n Park, Northern T e l l e r , N o r t h w e s t e r n El P a s o , and Northwestern E l b e r t C o u n t i e s , through i t s s u b s i d i a r y , Termplan I n c . of Colorado ( 8 / 1 / 8 1 ) 3/ New 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 jde 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 ( a r r a n g i n g , 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 of c r e d i t secured by a homeowner's e q u i t y i n t e r e s t i n a home such as would be make by a consumer f i n a n c e company, s e r v i c i n g such l o a n s and other e x t e n s i o n s of c r e d i t f o r any person; a c t i n g as an agent or broker f o r the s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e triiich i s d i r e c t l y r e l a t e d to such l o a n s and e x t e n s i o n s of c r e d i t , 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 , and a c t i n g as an agent or broker f o r the s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c 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 triiich i s d i r e c t l y r e l a t e d t o such loans and e x t e n s i o n s of c r e d i t ; R i t t e r L i f e Insurance Company would r e i n s u r e such c r e d i t r e l a t e d i n s u r a n c e ; t h e jde novo o f f i c e would s e r v e the f o l l o w i n g c o u n t i e s : Mathews, G l o u c e s t e r , New Kent, C h a r l e s C i t y , James C i t y , P r i n c e George, Surry, Southampton, I s l e of Wight, M i d d l e s e x , Nansemond, Southern King, Southern Oueen, Southern Northampton, Southern L a n c a s t e r , and N o r t h e a s t e r n S u s s e x ) at Rouse Tower, 6060 J e f f e r s o n Avenue, S u i t e 3 0 0 3 , Newport News, V i r g i n i a , through i t s s u b s i d i a r y , Finance One Mortgage of V i r g i n i a , I n c . ( 8 / 1 / 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 of G o v e r n o r s under d e l e g a t e d a u t h o r i t y . t h e Board H.2, 1981 No. 32 - 10 ACTIONS OF THE BOARD-Continued Richmond Southern B a n c o r p o r a t i o n , I n c . , G r e e n v i l l e , South C a r o l i n a , n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s (making e x t e n s i o n s of c r e d i t as a l i c e n s e d consumer f i nance l e n d e r ) a t 121 E a s t Choctow, S a l l i s a w , Oklahoma, through i t s s u b s i d i a r y , World Acceptance C o r p o r a t i o n ( 8 / 5 / 8 1 ) 3/ Richmond The Wachovia C o r p o r a t i o n , Wins t o n - S a l e m , North C a r o l i 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 ( p r o v i d i n g mortgage banking s e r v i c e s , i n c l u d i n g t h e o r i g i n a t i o n and p r o c e s s i n g of r e s i d e n t i a l , c o n s t r u c t i o n , d e v e l o p m e n t , and income p r o p e r t y mortgage l o a n s , t h e purchase and s a l e or placement o f mortgage l o a n s , t h e a d m i n i s t r a t i o n and s e r v i c i n g of mortgage l o a n s , t h e management and s a l e of p r o p e r t i e s a c q u i r e d through f o r e c l o s u r e or t r a n s f e r s i n l i e u of f o r e c l o s u r e and a c t i n g as agent for 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 and f o r p r o p e r t y and c a s u a l t y i n s u r a n c e 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 ) a t 6201 Powers F e r r y Road, A t l a n t a , G e o r g i a , through i t s subs i d i a r y , Wachovia Mortgage Company ( 8 / 2 / 8 1 ) 3 / Atlanta 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 , t o engage de novo i n check v e r i f i c a t i o n a c t i v i t i e s from an a d d i t i o n a l o f f i c e of an e x i s t i n g s u b s i d i a r y known as V e r i f i c a t i o n s , I n c . ; a c t i v i t i e s are t o be conducted from an o f f i c e l o c a t e d in Columbia, South C a r o l i n a ( 8 / 7 / 8 1 ) V Chicago Michigan N a t i o n a l C o r p o r a t i o n , B l o o m f i e l d H i l l s , Michigan, for approval to a c q u i r e 100 percent of the o u t s t a n d i n g v o t i n g s h a r e s o f W o l v e r i n e L i f e Insurance Company, P h o e n i x , A r i z o n a which engages i n a c t i n g as an underw r i t e r f o r 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 insurance ( 8 / 8 / 8 1 ) 3/ Chicago Walter E. H e l l e r I n t e r n a t i o n 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 to engage i n de novo a c t i v i t i e s ( p e r f o r m i n g a p p r a i s a l s of a l l t y p e s of r e a l e s t a t e ( e . g . r e s i d e n t i a l , commercial and i n d u s t r i a l ) wherever l o c a t e d i n the United S t a t e s , p r i m a r i l y f o r o u t s i d e c u s t o m e r s , wherever l o c a t e d , and for banking and nonbanking a f f i l i a t e s of the A p p l i c a n t pursuant to S e c t i o n 2 2 5 . 4 ( a ) ( 1 4 ) of R e g u l a t i o n Y) a t 10 South La S a l l e S t r e e t , C h i c a g o , I l l i n o i s , through a s u b s i d i a r y , Abacus R e a l t y A p p r a s e r s , I n c . ( 8 / 8 / 8 1 ) 3/ 37 4 ( c ) ( 8 ) n o t i f 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 a u t h o r i t y . H. 2 , 1981 No. 32 - 11 - ACTIONS OF THE BOARD-Continued S t . Louis ' F i r s t Arkansas Bankstock C o r p o r a t i o n , L i t t l e Rock, Arkansas, 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 a p p r a i s a l s on a l l t y p e s of r e a l e s t a t e i n c l u d i n g a g r i c u l t u r a l , r e s i d e n t i a l and commercial) a t 6 t h & Walnut S t r e e t s , P i n e B l u f f , Arkansas, but a p p r a i s a l s would be made throughout t h e e n t i r e S t a t e , through a s u b s i d i a r y , National Credit Corporation (an i n d u s t r i a l loan i n s t i t u t i o n ) ( 8 / 7 / 8 1 ) 3/ Kansas C i t y Western B a n c s h a r e s , I n c . , S t o c k t o n , Kansas, 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 (consumer and comm e r c i a l f i n a n c e a c t i v i t i e s , i n c l u d i n g d i r e c t l o a n s to c o n s u m e r s , a g r i c u l t u r a l c r e d i t and other t y p e s of l e n d ing t h a t are o r d i n a r y and u s u a l f o r the area b e i n g s e r v e d ) a t 123 N. Cedar S t r e e t , S t o c k t o n , Kansas, s e r v i n g an a r e a w i t h i n a 1 5 - m i l e r a d i u s of S t o c k t o n , Kansas ( 8 / 6 / 8 1 ) 3J 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 for i t s own account l o a n s and other e x t e n s i o n s of 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 loans and other e x t e n s i o n s 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 , c r e d i t - r e l a t e d a c c i d e n t and h e a l t h 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 consumer i n s t a l l m e n t l o a n 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 and o t h e r e x t e n s i o n s of c r e d i t to s m a l l b u s i n e s s e s ; making l o a n s and other e x t e n s i o n s of c r e d i t secured by r e a l and p e r s o n a l p r o p e r t y ; and o f f e r i n g c r e d i t - r e l a t e d l i f e , c r e d i t - r e l a t e d a c c i d e n t and h e a l t h 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 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 a c q u i r e d by FinanceAmerica Consumer D i s c o u n t Company) a t 11 North 7 t h S t r e e t , A1lentown, P e n n s y l v a n i a , s e r v i n g t h e e n t i r e s t a t e of P e n n s y l v a n i a , through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Consumer Discount Company ( a P e n n s y l v a n i a c o r p o r a t i o n ) ( 8 / 4 / 8 1 ) 3J San Francisco Imperial Bancorp, I n g l e w o o d , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s ( p r o v i d i n g f i nancing of c a p i t a l improvements and equipment a c q u i s i t i o n s by s t a t e , c o u n t y and m u n i c i p a l government s u b d i v i s i o n s i n c l u d i n g t h e l e a s i n g of personal or r e a l p r o p e r t y o r a c t i n g as a g e n t , broker or a d v i s e r i n l e a s i n g such prope r t y throughout the United S t a t e s ; the company w i l l a l s o act as i n v e s t m e n t or f i n a n c i n g a d v i s o r t o S t a t e and l o c a l ~yj 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 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. 32 - 1 2 - ACTIONS OF THE BOARD-Continued governments) at 9920 So. La Cienega B o u l e v a r d , I n g l e w o o d , C a l i f o r n i a and an a d d i t i o n a l o f f i c e a t 7800 East Union Parkway, Denver, Colorado, t h e g e o g r a p h i c a r e a to be s e r v e d w i l l be the United S t a t e s through a wholly-owned s u b s i d i a r y , I m p e r i a l Municipal S e r v i c e s C o r p o r a t i o n ( a C a l i f o r n i a C o r p o r a t i o n ) ( 8 / 8 / 8 1 ) 3/ * * * * * Approval, Pursuant t o D e l e g a t e d A u t h o r i t y , of a M o d i f i c a t i o n of the P l a n - L e n d e r Repayment Schedule Provided For i n R e g u l a t i o n G, 12 CFR § 2 0 7 . 4 ( a ) ( 2 ) ( i i ) Approved Pursuant t o R e g u l a t i o n G and t h e B o a r d ' s r u l e s on d e l e g a t i o n of a u t h o r i t y , t h e D i r e c t o r of the D i v i s i o n of Banking S u p e r v i s i o n and R e g u l a t i o n has approved t h e a p p l i c a t i o n of the VERBATIM CORPORATION f o r r e l i e f from t h e d e f i c i e n c y repayment s c h e d u l e s p e c i f i e d i n t h e p l a n - l e n d e r p r o v i s i o n s of R e g u l a t i o n G (12 CFR § 2 0 7 . 4 ( a ) ( 2 ) ( i i ) . 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. 32 - 13 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 of t h e F e d e r a l Reserve Act 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 an o f f s i t e e l e c t r o n i c f a c i l i t y at t h e C l i f t o n - A l d a n Commuter Rail S t a t i o n , S p r i n g f i e l d Road at J e f f e r s o n Avenue, C l i f t o n Heights, Pennsylvania. 2/ Atlanta Exchange Bank and Trust Company of F l o r i d a , Tampa, F l o r i d a . To o p e r a t e an automatic t e l l e r machine a t 301 North Beneva Road, S a r a s o t a , F l o r i d a . 2/ Chicago M a n u f a c t u r e r s Bank of L i v o n i a , L i v o n i a , Michigan. To e s t a b l i s h a branch at 37601 F i v e M i l e Road, City of L i v o n i a , Wayne County, M i c h i g a n . 2] Cleveland The Union Commerce Bank, C l e v e l a n d , O h i o . R e q u e s t s perm i s s i o n t o e s t a b l i s h a branch a t 3230 West 6 5 t h S t r e e t , C l e v e l a n d , Cuyahoga County, O h i o . 2j Cleveland The Union Commerce Bank, C l e v e l a n d , Ohio. Requests p e r m i s s i o n to e s t a b l i s h a branch a t 14013 D e t r o i t Avenue, Lakewood, Cuyahoga County, Ohio. 2 / Cleveland Ohio C i t i z e n s Bank, T o l e d o , O h i o . R e q u e s t s p e r m i s s i o n t o e s t a b l i s h a branch a t 5200 Harroun, S y l v a n i a , Lucas County, O h i o . 2J * * * * * 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 of t h e F e d e r a l Reserve Act Kansas C i t y S e c u r i t y Bank of Glenrock, Glenrock, Wyoming. 2J * * * * * To E s t a b l i s h an O v e r s e a s Branch of a Member Bank Pursuant t o S e c t i o n 25 of t h e F e d e r a l Reserve Act New York 2/ 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 i n t e n t t o e s t a b l i s h an i n i t i a l branch i n Karachi, Pakistan. 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 . i H . 2 , 1981 No. £ - 1 4 APPLICATIONS RECEIVED-Continued 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 f o r I n t e r n a t i o n a l I n v e s t ments and Other A c t i o n s Pursuant t o S e c t i o n s 25 and 2 5 ( a ) of the Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company Act of 1956 as amended New York C i t i b a n k , N . A . , New York, New York: r e q u e s t s c o n s e n t t o c o n t i n u e t o h o l d s h a r e s of The M e r c a n t i l e Bank of Canada a f t e r M e r c a n t i l e e s t a b l i s h e s a s u b s i d i a r y to do b u s i n e s s i n the United S t a t e s . New York C i t i b a n k , N.A. , New York, New York on b e h a l f of C i t i b a n k Overseas Investment C o r p o r a t i o n , Wilmington, Delaware: p r i o r n o t i f i c a t i o n of i t s i n t e n t t o a c q u i r e and hold 40 p e r c e n t of the o r d i n a r y v o t i n g s h a r e s of a de novo f o r e i g n bank, Bank of the N i g e r , L t d . , L a g o s , N i g e r i a . San Francisco S e c u r i t y P a c i f i c Overseas C o r p o r a t i o n , Los A n g e l e s , C a l i fornia: p r i o r n o t i f i c a t i o n of i t s i n t e n t t o make an a d d i t i o n a l investment i n T r i c o n t i n e n t a l H o l d i n g s L i m i t e d , Australia. * * * * * To Form a Bank Holding Company Pursuant 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 Atlanta P e o p l e s B a n c s h a r e s , I n c . , Lebanon, T e n n e s s e e , for approval t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of The P e o p l e s Bank, Lebanon, T e n n e s s e e . 2 / Atlanta St. F r a n c i s v i l l e Bancshares, I n c . , S t . F r a n c i s v i l l e , L o u i s i a n a , 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 Bank o f S t . F r a n c i s v i l l e , S t . F r a n c i s V i l l i , Louisiana. 2/ Chicago Burt B a n c s h a r e s , I n c . , Burt, Iowa, f o r approval t o 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 o f Burt S a v i n g s Bank, B u r t , I o w a . 2/ Chicago F i r s t c o m Bancorp, I n c . , C h i c a g o , I l l i n o i s , f o r approval t o a c q u i r e 80 percent or more of t h e v o t i n g s h a r e s of The F i r s t Commercial Bank, C h i c a g o , I l l i n o i s . 2j Chicago Leland N a t i o n a l Bancorp, I n c . , L e l a n d , I l l i n o i s , 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 ( 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 s u c c e s s o r by merger t o Leland N a t i o n a l Bank, L e l a n d , I l l i n o i s . 2? A p p l i c a t i o n s u b j e c t t o Community Reinvestment 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 Reserve Bank may be c o n t a c t e d as t o the l e n g t h of the comment p e r i o d . i - 1 5 - H . 2 , 1981 No. 32 APPLICATIONS RECEIVED-Continued S t . Louis Poplar B l u f f B a n c s h a r e s , I n c . , Poplar B l u f f , M i s s o u r i , f o r approval t o 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 F i r s t N a t i o n a l Bank of Poplar B l u f f , Poplar B l u f f , Missouri. 2/ Kansas C i t y Cache B a n c s h a r e s , I n c . , Cache, Oklahoma, 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 F i r s t S t a t e Bank, Cache, Oklahoma. 2j Kansas C i t y Chouteau B a n c s h a r e s , I n c . , Chouteau, Oklahoma, for approval t o a c q u i r e a t l e a s t 80 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 Commerce, Chouteau, Oklahoma. 2/ Kansas C i t y Southwest B a n k s h a r e s , I n c . , Rio Rancho, New Mexico, f o r approval t o 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 Bank of the Southwest, Sandoval County (P.O. Rio Rancho), New Mexico. 2 / Kansas C i t y United Kansas Bank Group, I n c . , Merriam, Kansas, f o r app r o v a l t o 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 o f United Kansas Bank & T r u s t , Merriam, Kansas. 2/ Kansas C i t y Warner Bancorp, I n c . , Warner, Oklahoma, f o r approval t o 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 S e c u r i t y Bank, Warner, Oklahoma. 2/ Dallas J a c i n t o C i t y B a n c s h a r e s , I n c . , Houston, T e x a s , for approval t o a c q u i r e 100 percent ( 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 J a c i n t o C i t y Bank, J a c i n t o C i t y , Texas. 2/ Dallas Reagan B a n c s h a r e s , I n c . , Big Lake, T e x a s , for approval t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of Reagan S t a t e Bank, Big Lake, T e x a s . 2 / Dallas Rio Grande B a n c s h a r e s , I n c . , Las C r u c e s , New Mexico, f o r approval t o 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 F i r s t N a t i o n a l Bank of Dona Ana County, Las C r u c e s , New M e x i c o . 2 / Dallas Western Bancshares of Las C r u c e s , I n c . , Las C r u c e s , New Mexico, for approval t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of Western Bank, Las C r u c e s , New Mexico. 2/ 2? A p p l i c a t i o n s u b j e c t t o Community Reinvestment 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 Reserve Bank may be c o n t a c t e d as t o the l e n g t h of the comment p e r i o d . I H.2, 16 1981 No. 32 APPLICATIONS RECEIVED-Continued To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) o f the Bank Holding Company Act o f 1956 Atlanta B l a k e l y Investment Company and Commercial Bankshares, I n c . , G r i f f i n , G e o r g i a , 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 r s t C i t i z e n s Bank, F a y e t t e v i l l e , G e o r g i a . 2/ Atlanta CB&T B a n c s h a r e s , I n c . , Columbus, G e o r g i a , f o r approval t o a c q u i r e a t l e a s t 51 percent of t h e v o t i n g s h a r e s of C o a s t a l Bankshares, I n c . , S t . Simons I s l a n d , Georgia and i n d i r e c t l y a c q u i r e The C o a s t a l Bank of G e o r g i a , S t . Simons I s l a n d , G e o r g i a . 2/ Chicago C e n t r a l W i s c o n s i n B a n k s h a r e s , I n c . , Wausau, W i s c o n s i n , f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of the 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 at N e i l l s v i l l e , N e i l l s v i l l e , Wisconsin. 2/ Chicago Middle S t a t e s Bancorporat i o n , I n c . , E a s t Mo l i n e , I l l i n o i s , f o r approval t o a c q u i r e at l e a s t 78 p e r c e n t of the v o t i n g s h a r e s o f Colona Avenue S t a t e Bank, E a s t M o l i n e , I l l i n o i s . 2/ Chicago NBD Bancorp, I n c . , acquire at l e a s t the s u c c e s s o r by Bank, Roscommon, Chicago NBD Bancorp, I n c . , D e t r o i t , Michigan, f o r approval t o 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 s u c c e s s o r by c o n s o l i d a t i o n to W o l v e r i n e S t a t e Bank, Sandusky, Michigan. 2 / St. Louis F i r s t M i s s o u r i Banks, I n c . , Creve Coeur, M i s s o u r i , 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 F i r s t M i s s o u r i Bank of Washington, Washington, M i s s o u r i , a proposed new bank. 2j Kansas C i t y Commercial B a n c o r p o r a t i o n of C o l o r a d o , D e n v e r , Colorado, for a p p r o v a l 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 Century Bank North, Denver, Colorado, a proposed new bank. 2 / 2/ D e t r o i t , M i c h i g a n , f o r approval t o 80 percent of t h e v o t i n g s h a r e s of c o n s o l i d a t i o n to The Roscommon S t a t e Michigan. 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 . H . 2 , 1981 No. 32 - 17 APPLICATIONS RECEIVED-Continued Kansas C i t y Commercial Baricorporation of C o l o r a d o , D e n v e r , Colorado, for 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 Century Bank S o u t h e a s t , N . A . , Englewood, C o l o r a d o , a proposed new bank. 2/ Dallas F i r s t C i t y B a n c o r p o r a t i o n of Te x a s, I n c . , H o u s t o n , T e x a s , for 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 Lake Jackson Bank of Lake J a c k s o n , T e x a s , Lake J a c k s o n , T e x a s . 2/ Dallas Texas American Bancshares I n c . , Fort Worth, T e x a s , 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 Farmers Branch Bank, Farmers Branch, T e x a s . 2/ * * * * * 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 Boston F i r s t N a t i o n a l Boston C o r p o r a t i o n , B o s t o n , M a s s a c h u s e t t s , 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 f a c t o r i n g , commercial f i n a n c i n g and p e r s o n a l prope r t y l e a s i n g ) a t 500 Church S t r e e t , N a s h v i l l e , T e n n e s s e e , s e r v i n g t h e S t a t e s of T e n n e s s e e , Alabama, Arkansas, Kentucky, M i s s i s s i p p i , M i s s o u r i , North C a r o l i n a , V i r g i n a and West V i r g i n i a , through i t s i n d i r e c t s u b s i d i a r y , FNB F i n a n c i a l Company ( 8 / 4 / 8 1 ) Boston 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 , n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s ( ( i ) consumer f i n a n c e and ( i i ) i n s u r a n c e agency i n v o l v i n g 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 and c r e d i t property i n s u r a n c e s o l d i n c o n n e c t i o n w i t h e x t e n s i o n s of c r e d i t ; t h e c r e d i t l i f e and c r e d i t a c c i dent and h e a l t h i n s u r a n c e would be r e i n s u r e d by an a f f i l i a t e , Consumer L i f e Insurance Company) a t 2752 West Main S t r e e t , S n e l l v i l l e , G e o r g i a , s e r v i n g Gwinnett and Walton c o u n t i e s i n G e o r g i a , through i t s i n d i r e c t s u b s i d i a r y , Southern Discount Company o f Georgia (8/3/81) New York B a r c l a y s Bank Limited and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , both of London, England, r e q u e s t s p e r m i s s i o n t o expand t h e a c t i v i t i e s of e x i s t i n g o f f i c e s to i n c l u d e t h e f o l l o w i n g a c t i v i t i e s ( ( i ) l e a s e f i n a n c i n g of p e r - 2/ A p p l i c a t i o n s u b j e c t t o Community R e i n v e s m t 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 t o t h e l e n g t h of t h e comment p e r i o d . H.2, 1981 No. 32 - 1 8 APPLICATIONS RECEIVED-Continued sonal p r o p e r t y by means of l e a s e s that meet the s t a n d a r d s of S e c t i o n 2 2 5 . 4 ( a ) ( 6 ) of R e g u l a t i o n Y and ( i i ) a c t i n g as agent f o r the s a l e of r e l a t e d c r e d i t l i f e , c r e d i t a c c i dent and h e a l t h and c r e d i t property i n s u r a n c e with r e s p e c t t o such l e a s e s e x c e p t t h a t where a u t o m o b i l e s a r e t o be l e a s e d no i n s u r a n c e w i l l be o f f e r e d ; c r e d i t property i n s u r a n c e a c t i v i t i e s w i l l not be conducted from t h e T e n n e s s e e o f f i c e ) a t 4 4 0 4 E. Independence B o u l e v a r d , L a n i e r P l a z a C e n t e r , C h a r l o t t e , North C a r o l i n a ; 1211 S. Tryon S t r e e t , C h a r l o t t e , North C a r o l i n a ; 701 Market S t r e e t , Wilmington, North C a r o l i n a ; 1231 W. Academy S t r e e t , W i n s t o n - S a l e m , North C a r o l i n a ; 627 Summit Avenue, Greensb o r o , North C a r o l i n a ; 618 N. Eugene S t r e e t , G r e e n s b o r o , North C a r o l i n a ; 616 S. S a l i s b u r y S t r e e t , R a l e i g h , North C a r o l i n a ; 703 R i g s b e e Avenue, Durham, North C a r o l i n a ; 2321 Main S t r e e t , Columbia, South C a r o l i n a ; 1925 B u l l S t r e e t , Columbia, South C a r o l i n a ; 5422 Rivers Avenue, C h a r l e s t o n , South C a r o l i n a ; 670 E. Main S t r e e t , Spartanburg, South C a r o l i n a ; Poppy Square, 100 McMillan S t r e e t , S p a r t a n b u r g , South C a r o l i n a ; S. K n o x v i l l e S t a t i o n , 125 Moddy Avenue, S . E . , K n o x v i l l e , T e n n e s s e e , through t h e i r s u b s i d i a r y , BarelaysAmerican/Credit, Inc. ( 8 / 7 / 8 1 ) New York 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 e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s (making and a c q u i r i n g , f o r i t s own account and t h e account of o t h e r s , secured and unsecured loans 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 consumer and b u s i n e s s l i n e s of c r e d i t , and i n s t a l l m e n t l o a n s ; a c t ing as i n s u r a n c e agent f o r c r e d i t l i f e and d i s a b i l i 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 such l e n d i n g a c t i v i t i e s ; the s a l e of t r a v e l e r s cheques at r e t a i l ; the a c c e p t a n c e of s a v i n g s d e p o s i t s and t h e i s s u a n c e of c e r t i f i c a t e s of d e p o s i t and s i m i l a r i n s t r u m e n t s ) at 1777 South H a r r i s o n S t r e e t , S u i t e 1 0 0 / 1 0 2 , Denver, C o l o r a d o , s e r v i n g t h e S t a t e of C o l o r a d o , through i t s s u b s i d i a r y , Chase Manhattan I n d u s t r i a l Bank ( 8 / 7 / 8 1 ) New York 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 t o e s t a b l i s h a de novo o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s (making and a c q u i r i n g , f o r i t s own account and the account of o t h e r s , s e c u r e d and unsecured loans 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 consumer and b u s i n e s s l i n e s of c r e d i t and i n s t a l l m e n t l o a n s ; a c t ing as i n s u r a n c e agent f o r c r e d i t l i f e and d i s a b i l i 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 such l e n d i n g a c t i v i t i e s ; o f f e r i n g t h r i f t a c c o u n t s and i n v e s t m e n t c e r t i f i c a t e s ) at 2 Corporate P l a z a , Newport Beach, C a l i f o r n i a , through •=> i t s s u b s i d i a r y , Chase Manhattan of C a l i f o r n i a T h r i f t Corporation ( 8 / 7 / 8 1 ) 1 H.2, - 1 9 - 1981 No. 32 APPLICATIONS RECEIVED-Continued New York C i t i c o r p , New York, New York, f o r approval t o engage through a s u b s i d i a r y , C i t i c o r p Government S e c u r i t i e s , I n c . , i n u n d e r w r i t i n g and d e a l i n g i n o b l i g a t i o n s of the United S t a t e s , o b l i g a t i o n s o f v a r i o u s S t a t e s and t h e i r p o l i t i c a l s u b d i v i s i o n and c e r t a i n money market i n s t r u m e n t s . New York Manufacturers Hanover C o r p o r a t i o n , New York, New York, 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 i n g as r e i n s u r e r of c r e d i t a c c i d e n t and h e a l t h i n surance which i s 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 i n t h e S t a t e of New J e r s e y by R i t t e r Finance Company, I n c . of New J e r s e y , i n the S t a t e of P e n n s y l v a n i a by R i t t e r Consumer D i s c o u n t Company, I n c . of P e n n s y l v a n i a , and i n t h e S t a t e of V i r g i n i a by R i t t e r Finance Company, I n c . of V i r g i n i a , wholly-owned i n d i r e c t s u b s i d i a r i e s of Manufacturers Hanover C o r p o r a t i o n ) at 3103 Philmont Avenue, Huntingdon V a l l e y , P e n n s y l v a n i a , s e r v i n g New J e r s e y , P e n n s y l v a n i a and V i r g i n i a , through i t s s u b s i d i a r y , R i t t e r L i f e Insurance Company ( 8 / 7 / 8 1 ) Chicago Burt B a n c s h a r e s , I n c . , Burt, Iowa, f o r approval to engage 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 a town w i t h l e s s than 5,000 population. Chicago Griswold S t a t e B a n c s h a r e s , I n c . , G r i s w o l d , Iowa, 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 ( p r o v i d i n g bookkeeping or d a t a p r o c e s s i n g s e r v i c e s f o r the i n t e r n a l operat i o n s of t h e h o l d i n g company and i s s u b s i d i a r i e s and s t o r ing and p r o c e s s i n g o t h e r banking, f i n a n c i a l or r e l a t e d economic data such as performing p a y r o l l , a c c o u n t s r e c e i v a b l e or p a y a b l e , or b i l l i n g s e r v i c e s and t a x r e c o r d k e e p i n g ; such s e r v i c e s would a l s o be provided for customers of Prokop I n s u r a n c e Agency; a c t i v i t i e s would conform t o S e c t i o n 2 2 5 . 4 ( a ) ( 8 ) ( i ) & ( i i ) of R e g u l a t i o n Y) a t 600 Main S t r e e t , G r i w o l d , Iowa, t h e g e o g r a p h i c scope i s G r i s w o l d , Iowa (7/28/81) Kansas C i t y United M i s s o u r i B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , f o r p r i o r approval t o expand t h e g e o g r a p h i c scope of the r e c e n t l y approved o f f i c e of i t s s u b s i d i a r y , United M i s s o u r i Mortgage Company, l o c a t e d at United M i s s o u r i Bank o f F e r g u s o n , Ferguson, M i s s o u r i , t o i n c l u d e the c o u n t i e s o f F r a n k l i n , Warren and L i n c o l n , a l l i n Missouri ( 8 / 5 / 8 1 ) Kansas C i t y Warner Bancorp, engage i n t h e a subsidiary I n c . , Warner, I n c . , Warner, Oklahoma, f o r approval t o s a l e of c r e d i t r e l a t e d i n s u r a n c e through t o be known as Warner Insurance Agency, Oklahoma. H . 2 , 1981 No. 32 - 2 0 APPLICATIONS RECEIVED-Cont inued San Francisco U . S . Bancorp, P o r t l a n d , Oregon, 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, a c q u i r i n g and s e r v i c 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 , e i t h e r s e c u r e d or u n s e c u r e d , for i t s own account or the account of o t h e r s i n c l u d i n g , but no l i m i t e d t o , commercial, r e d i s c o u n t and i n s t a l l m e n t s a l e s c o n t r a c t s ; i s s u i n g t h r i f t c e r t i f i c a t e s and p a s s b o o k s ; and a c t i n g as i n s u r a n c e agent with r e g a r d t o c r e d i t l i f e and d i s a b i l i t y i n s u r a n c e s o l e l y i n c o n n e c t i o n w i t h e x t e n s i o n s of c r e d i t by U . S . T h r i f t ) at La Hacienda Shopping Center a t 753(A) El Camino R e a l , S u n n y v a l e , C a l i f o r n i a ; t h e g e o g r a p h i c a r e a t o be served w i l l be p r i n c i p a l l y t h e SMSA d e f i n e d as Santa Clara County, through i t s s u b s i d i a r y , U . S . T h r i f t & Loan ( 8 / 6 / 8 1 ) Agreements F i l e d Pursuant to S e c t i o n 8 of the S e c u r i t i e s Exchange Act o f 1934 Hokuriku Bank o f Toyama, Japan has f i l e d an agreement w i t h t h e F e d e r a l R e s e r v e Bank of New York (t*iich i s a u t h o r i z e d t o a c c e p t such agreements 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 ) u n d e r t a k i n g t o comply w i t h a l l p r o v i s i o n s which r e l a t e to the use of credit to finance transactions in securities. * * * * * REPORTS RECEIVED Ownership Statement F i l e d Pursuant t o S e c t i o n 13(d) o f t h e S e c u r i t i e s Exchange Act The Bank o f V i e n n a , Vienna, V i r g i n i a F i l e d by: H,E. McCarty, J r . George D. H i c k s , I n c . Mark S. Abraham J a c k i e Lee Hayes John D. Buhl Meyer H. Abraham HGM L i m i t e d P a r t n e r s h i p i H . 2 , 1981 No. 32 - 21 APPLICATIONS RECEIVED-Continued Bank o f B u r l i n g t o n , B u r l i n g t o n , V i r g i n i a F i l e d by: Evelyn Bur chard Thomas C. Burchard * * * * * PETITIONS FOR RULEMAKING None.
@FedFRASER