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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1982 No. 50) Actions of t h e Board; Applications and Reports Received During the Week Ending December 11, 1982 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD L e t t e r s t o the Chairmen of the Banking Committees regarding the exemption of Money Market Deposit Accounts from t h e reserve requirement phase-in p r o v i s i o n s of the Monetary Control Act of 1980. New York Broad National Bancorporation, Newark, New J e r s e y , e x t e n s i o n of time t o February 26, 1983, within which t o become a bank holding company with respect t o Broad National Bank, Newark, New Jersey. J / DalTas Caprock Bancshares, I n c . , Shallowater, Texas, e x t e n s i o n of time t o December 25, 1982, within which t o acquire Eagle Bancshares, I n c . , Shallowater, Texas, and i n d i r e c t l y F i r s t State Bank of S h a l l o w a t e r , Shallowater, Texas. J / Dallas Cullen/Frost Bankers, I n c . , San Antonio, Texas, e x t e n s i o n of time t o March 10, 1983 within which t o acquire Cull en Bank/City West, N.A., Houston, Texas. 1 / Chicago Decorah S t a t e Bank Holding Co., Decorah, Iowa, e x t e n s i o n of time t o March 9, 1983, within which t o become a bank holding company through t h e a c q u i s i t i o n of 100 percent of the voting shares of the s u c c e s s o r by merger t o Decorah S t a t e Bank, Decorah, Iowa. J / S t . Louis E l l i o t t Bancorp, I n c . , J a c k s o n v i l l e , I l l i n o i s , e x t e n s i o n of time t o January 29, 1983, within which t o become a bank holding company through the a c q u i s i t i o n of the s u c c e s s o r by merger t o E l l i o t t S t a t e Bank, J a c k s o n v i l l e , and ES Bank, J a c k s o n v i l l e , I l l i n o i s (a proposed interim bank). ]_/ V A p p l i c a t i o n processed on behalf of t h e Board of Governors under delegated authority. I H.2, 1982 No. 50 - 2 ACTIONS TO THE BOARD - Continued Atlanta F.C.B. Holding Company, Orlando, F l o r i d a , e x t e n s i o n of time t o February 5 , 1983, within which to become a bank holding company through the a c q u i s i t i o n of Florida Center Bank, Orlando, F l o r i d a . \J Chicago F i r s t A l s i p Bancorp, I n c . , A l s i p , I l l i n o i s , e x t e n s i o n of time t o December 15, 1982, within which t o become a bank holding company through the a c q u i s i t i o n of 80 percent or more of t h e voting shares of F i r s t S t a t e Bank of A l s i p , A l s i p , I l l i n o i s . 1 / Chicago FIRST LaPORTE FINANCIAL CORP., La Porte, Indiana, e x t e n s i o n of time t o February 14, 1983, within which t o become a bank holding company through the a c q u i s i t i o n of 100 percent of the voting shares of the s u c c e s s o r by merger t o F i r s t National Bank and Trust Company of La Porte, La Porte, Indiana. J / Dal l a s Grand Bancshares, I n c . , D a l l a s , Texas, e x t e n s i o n of time t o March 25, 1983, within which t o acquire Grand Bank Woodall Rodgers at P e a r l , N.A., D a l l a s , Texas and Grand Bank Central at Fitzhugh, N.A., D a l l a s , Texas. ]_/ Chicago Marquette National Corporation, Chicago, I l l i n o i s , e x t e n s i o n of time t o April 6, 1983, within which t o become a bank holding company through t h e a c q u i s i t i o n of 100 percent of the voting shares of t h e s u c c e s s o r by merger t o Marquette National Bank, Chicago, I l l i n o i s . 1_/ Richmond National Banc of Commerce Company, Charleston, West V i r g i n i a , e x t e n s i o n of time to March 20, 1983, within which t o become a bank holding company through the a c q u i s i t i o n of The National Bank of Commerce of Charleston, Charleston, West V i r g i n i a . ]_/ Atlanta 7L Corporation and i t s s u b s i d i a r y , F i r s t Florida Banks, I n c . , both of Tampa, F l o r i d a , e x t e n s i o n of time t o March 6 , 1983, within which t o acquire Clearwater Beach Bank and Northeast Bank of Clearwater, both of Clearwater, F l o r i d a . 1/ V Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 50 - 3 ACTIONS OF THE BOARD - Continued Atlanta S t a t e National Corp., New I b e r i a , Louisiana, e x t e n s i o n of time t o January 3 , 1983, within which t o become a bank holding company through t h e a c q u i s i t i o n of t h e S t a t e National Bank, New I b e r i a , Louisiana. V Dallas United City Corporation, Piano, Texas, e x t e n s i o n of time t o March 11, 1983, w i t h i n which t o acquire City National Bank of Piano, Piano, Texas. J / San Francisco Valencia Bancorp, Santa Ana, C a l i f o r n i a , e x t e n s i o n o f time t o March 1, 1983, within which t o become a bank holding company through a c q u i s i t i o n of 100 percent o f t h e v o t i n g shares of Valencia Bank, Santa Ana, C a l i f o r n i a . V S t . Louis Centerre Bank of P a c i f i c , P a c i f i c , Missouri, an a d d i t i o n a l investment i n bank premises. V Chicago C i t i z e n s Commercial & Savings Bank, F l i n t , Michigan, an investment in bank premises. J_/ New York Depository Trust Company, New York, New York, a d d i t i o n a l investments in bank premises. J / S t . Louis E l l i o t t S t a t e Bank, J a c k s o n v i l l e , I l l i n o i s , e x t e n s i o n of time t o January 29, 1983, within which t o merge with ES Bank, J a c k s o n v i l l e , I l l i n o i s . J / S t . Louis E l l i o t t S t a t e Bank, J a c k s o n v i l l e , I l l i n o i s , e x t e n s i o n of time t o January 29, 1983, within which t o become a member of t h e Federal Reserve System. JJ Chicago Pioneer Bank, North Branch, Michigan, an investment in bank premises. \J Boston Connecticut Bank and Trust Company, Hartford, Connecticut, e x t e n s i o n of time t o e s t a b l i s h a branch on t h e corner of Cold Spring Road and Cromwell Avenue, Rocky H i l l , Connecticut. 1_/ Richmond Union Trust Company of Maryland, Baltimore, Maryland, e x t e n s i o n of time within which t o e s t a b l i s h a d r i v e - i n f a c i l i t y a t 11945 Reistertown Road, Baltimore County, Maryland. 1 / T/ A p p l i c a t i o n processed on behalf of t h e Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 50 - 4 ACTIONS OF THE BOARD - Continued S t . Louis American National Bank i n S t . L o u i s , S t . L o u i s , M i s s o u r i , proposal t o merge with American Bank in S t . Louis, N.A., S t . L o u i s , M i s s o u r i ; r e p o r t t o t h e Comptroller of the Currency on c o m p e t i t i v e f a c t o r s . 1/ S t . Louis Bank o f L o u i s v i l l e and Trust Company, L o u i s v i l l e , Kentucky, proposal t o merge with BOL Bank and Trust Company, L o u i s v i l l e , Kentucky; r e p o r t t o the Federal Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . V Chicago Bank of Ravenswood, Chicago, I l l i n o i s , proposal t o merge with Ravenswood I n t e r i m Bank, Chicago, I l l i n o i s , under t h e c h a r t e r and t i t l e of Bank of Ravenswood; report t o t h e Federal Deposit Insurance Corporation on c o m p e t i t i v e f a c t o r s . ]_/ Chicago C i t i z e n s American Bank N.A., Green Bay, Wisconsin, proposal t o merge with S t a t e Bank of Green V a l l e y , Green V a l l e y , Wisconsin, under t h e c h a r t e r of C i t i z e n s American Bank N.A, and t i t l e of C i t i z e n s Bank National A s s o c i a t i o n ; r e p o r t t o t h e Compt 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 . V Atlanta Cohutta Banking Company, Chatsworth, G e o r g i a , p r o posed merger with Cohutta Interim Company, I n c . , Chatsworth, Georgia; report t o t h e Federal Deposit Insurance Corporation on c o m p e t i t i v e factors. 1/ S t . Louis C o u l t e r v l l l e National Bank, C o u l t e r v i l l e , I l l i n o i s , proposal t o merge with The F i r s t National Bank of C o u l t e r v i l l e , C o u l t e r v i l l e , I l l i n o i s ; r e p o r t t o the Comptroller of the Currency on c o m p e t i t i v e f a c t o r s . 1/ S t . Louis Dale S t a t e Bank, Dale, I n d i a n a , proposal t o merge with Lincolnland Se r vic e Bank, Dale, I n d i a n a ; report t o t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . J / Chicago Du Page Bank & Trust Company, Glen E l l y n , I l l i n o i s , proposal t o merge with Republic Bank of Du Page, Glen E l l y n , I l l i n o i s , under the charter of Republic Bank of Du Page and t i t l e of Du Page Bank & T r u s t Company; report t o the Federal Deposit Insurance Corporation on c o m p e t i t i v e f a c t o r s . V T7 A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. ## H.2, 1982 No. 50 - 5 ACTIONS OF THE BOARD - Continued S t . Louis Farmers Bank and Capital Trust Company, Frankfort, Kentucky, proposal t o merge with New Farmers Bank and Capital Trust Company, I n c . , Frankfort, Kentucky; report t o the Federal Deposit Insurance Corporation on c o m p e t i t i v e f a c t o r s . V Atlanta F i r s t National Bank of Atlanta, A t l a n t a , Georgia, proposed merger with C i t i z e n s State Bank, Warner Robins, Georgia; report t o the Comptroller of the Currency on c o m p e t i t i v e f a c t o r s . _1_/ Atlanta F i r s t S t a t e Bank, Stockbridge, Georgia, proposed merger with F i r s t S t a t e Interim Corporation, Stockbridge, Georgia; report t o t h e Federal Deposit Insurance Corporation on competitive f a c t o r s . 1/ Dallas Heritage Bank, Houston, Texas, proposed merger with Texas American Bank/Spring Branch, Houston; report t o the Federal Deposit Insurance Corporation on c o m p e t i t i v e f a c t o r s . V Chicago Logansport National Bank, Logansport, Indiana, proposal t o merge with The F i r s t National Bank of Logansport, Logansport, Indiana, under the charter of Logansport National Bank and t i t l e of The F i r s t National Bank of Logansport; report to the Comptroller of the Currency on c o m p e t i t i v e f a c t o r s . ]_/ Boston Maine Bank, National A s s o c i a t i o n , Portland, Maine, proposal t o merge with Maine National Bank, Portland, Maine; report t o the Comptroller of the Currency on competitive f a c t o r s . 1 / S t . Louis Marion National Bank of Lebanon, Lebanon, Kentucky, proposal t o merge with Bank of Loretto, Loretto, Kentucky; report t o the Comptroller of the Currency on competitive f a c t o r s . V S t . Louis Merchants National Bank, Fort Smith, Arkansas, proposal t o merge with Merchants Bank of Fort Smith, Fort Smith, Arkansas; report t o the Comptroller of the Currency on c o m p e t i t i v e f a c t o r s . V J7 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 t h e Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 50 - 6 ACTIONS OF THE BOARD - Continued Chicago Moores H i l l National Bank, Lawrenceburg, I n d i a n a , proposal t o merge with The Peoples National Bank of Lawrenceburg, I n d i a n a , under t h e c h a r t e r of Moores H i l l National Bank and t i t l e of The Peoples National Bank of Lawrenceburg; r e p o r t t o 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 . ]_/ Boston New B r a d f o r d National Bank, B r a d f o r d , Vermont, p r o posal t o merge with The Bradford National Bank, B r a d f o r d , Vermont; r e p o r t t o 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 . V S t . Louis Peoples Bank of A l b e r s , A l b e r s , I l l i n o i s , proposal t o merge with PBA Bank, A l b e r s , I l l i n o i s ; r e p o r t t o t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on competitive f a c t o r s . V Atlanta S t a t e Bank of t h e G u l f , Gulf S h o r e s , Alabama, p r o posed merger with GulfBank, Gulf S h o r e s , Alabama; r e p o r t t o t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . \ j Richmond Suburban Bank, B e t h e s d a , Maryland proposed merger with Suburban Bank/Western, Hancock, Maryland, and The Thurmont Bank, Thurmont, Maryland; r e p o r t t o t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on competitive f a c t o r s . V Dallas T r i n i t y National Bank of D a l l a s , D a l l a s , Texas, proposed merger with New T r i n i t y S t a t e Bank of D a l l a s , D a l l a s , Texas; r e p o r t t o t h e Federal D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/ ]7 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 t h e Board of Governors under delegated authority. i H.2, 1982 No. 50 - 7 ACTIONS OF THE BOARD - Continued To E s t a b l i s h a Domestic Bank Pursuant t o S e c t i o n 9 of the Federal Reserve Act Atlanta Chicago Approved Flagship Bank of Tampa, Tampa, Florida. To e s t a b l i s h an automated t e l l e r machine at the northwest corner of Memorial Highway and Carlyle Road, Tampa, F l o r i d a . V Wyandotte Savings Bank, Wyandotte, Michigan. e s t a b l i s h a branch a t 2333 Biddle Avenue, Wyandotte, Michigan. J / * * * * To * To Merge Pursuant t o S e c t i o n 1 8 ( c ) of t h e Federal Deposit Insurance Act Richmond Cleveland Approved The New Bank, Vienna, V i r g i n i a , t o merge with The Business Bank, Vienna, V i r g i n i a . J / Peoples Liberty Bank & Trust Company, Covington, Kentucky, t o merge with Plibco Bank, I n c . , Covington, Kentucky. ]_/ * * * * * To Become a Member of t h e Federal Reserve System Pursuant t o S e c t i o n 9 of t h e Federal Reserve Act Cleveland Approved Plibco Bank, I n c . , Covington, Kentucky. 1/ Richmond The New Bank, Vienna, V i r g i n i a , j y * 17 * * * * A p p l i c a t i o n processed on behalf of t h e Board of Governors under delegated authority. I H.2, 1982 No. 50 - 8 ACTIONS OF THE BOARD - Continued Issued Intent Not t o Disapprove Change of Control Pursuant t o Change i n Bank Control Act of 1978 Minneapolis Not Disapproved C i t i z e n s Bancorporation of Milaca, I n c . , Milaca, Minnesota. J_/ Kansas City Crawford S t a t e Company, Crawford, Nebraska. J / San Francisco Fremont Bancorporation, Fremont, C a l i f o r n i a . J / 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 International Investments and Other Actions Pursuant t o S e c t i o n s 25 and 25(a) of the Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, as amended San Francisco Dallas Approved BankAmerica International Financial Corporation, San Francisco, C a l i f o r n i a : grants consent to make an additional investment, d i r e c t l y or i n d i r e c t l y , in t h e form of a subordinated loan, in BA A u s t r a l i a Limited, Sydney, A u s t r a l i a . Sixty-Day N o t i f i c a t i o n Period Allowed t o Expire Texas Commerce Bancshares, I n c . , Houston, Texas: no o b j e c t i o n t o make an i n i t i a l investment in Texas Commerce Finance N.V., Curacao, Netherlands Antilles. * * * * * To Form a Bank Holding Company Pursuant t o Section 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956 Chicago T7 Withdrawn ABC Bancorporation, I n c . , Chicago, I l l i n o i s , f o r approval t o acquire 100 percent of the voting shares ( 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 Austin Bank of Chicago, Chicago, I l l i n o i s . A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. e H2, 1982 No. 50 * - 9 ACTIONS OF THE BOARD - Continued Kansas City Bradshaw Ban Corp., York, Nebraska, f o r approval t o acquire 100 percent of the voting shares of The F i r s t National Bank o f Bradshaw, Bradshaw, Nebraska. Kansas City McCool Ban Corp., York, Nebraska, f o r approval t o acquire 100 percent of t h e voting shares of The Blue River Bank, McCool J u n c t i o n , Missouri. Kansas City Waco Ban Corp., York, Nebraska, f o r approval t o acquire 100 percent of the voting shares of Farmers and Traders Bank, Waco, Nebraska. Richmond Approved F i r s t C i t i z e n s Bancorporation of South Carolina, I n c . , Columbia, South Carolina, f o r approval t o acquire 100 percent of t h e voting shares of F i r s t C i t i z e n s Bank and Trust Company, Columbia, South Carolina. 1 / Richmond Mid-South Bancshares, I n c . , Sanford, North Carolina, f o r approval t o acquire 100 percent of t h e voting shares of the s u c c e s s o r by merger t o Mid-South Bank and Trust Company, Sanford, North Carolina. ] / Richmond United Financial Banking Companies, I n c . , Vienna, V i r g i n i a , f o r approval t o acquire 100 percent of the voting shares of the s u c c e s s o r by merger t o The Business Bank, Vienna, V i r g i n i a . V Atlanta ALABANC, I n c . , Wadley, Alabama, f o r approval t o acquire at l e a s t 80 percent of the voting shares of F i r s t Bank, Wad l e y , Alabama. !_/ Chicago Monroe Bancshares, L t d . , Monroe, Iowa, f o r approval t o acquire at l e a s t 80 percent of the voting shares of Monroe S t a t e Bank, Monroe, Iowa. J_/ Chicago SB I Corporation, Southgate, Michigan, f o r approval t o merge with Security Bancorp, I n c . , Southgate, Michigan, and i n d i r e c t l y S e c u r i t y Bank and Trust Company, Southgate, Michigan; S e c u r i t y Bank of Novi, Novi, Michigan; S e c u r i t y Bank-Monroe County, Newport, Michigan; Security Bank of Richmond, Richmond, Michigan; S e c u r i t y Bank Oakland County, Lake Orion, Michigan; and Security Bank St. Clair Shores, S t . Clair Shores, Michigan. 1 / J/ Application processed on behalf of t h e Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 50 - 10 - ACTIONS OF THE BOARD - Continued Chicago Stonington Banc Shares, I n c . , Stonington, I l l i n o i s , f o r approval t o acquire 100 percent of the voting shares of t h e s u c c e s s o r by merger t o Stonington Community Bank, Stonington, I l l i n o i s . JV S t . Louis Bancshares of Camden, I n c . , Camden, Tennessee, f o r approval t o acquire at l e a s t 80 percent of t h e voting shares of Bank of Camden, Camden, Tennessee. J / S t . Louis Exlanco, I n c . , S i k e s t o n , Missouri, f o r approval t o acquire 100 percent of the voting shares of S e c u r i t y Bank of B o l l i n g e r County (formerly The B o l l i n g e r County Bank), L u t e s v i l i e , Missouri. ]_/ S t . Louis SVB&T Corporation, French Lick, t o acquire 100 percent of t h e directors' qualifying shares) merger t o Springs Valley Bank French Lick, Indiana. V Minneapolis New Germany Bancshares, I n c . , New Germany, Minnesota, f o r approval t o acquire at l e a s t 8 6 . 8 percent of the voting shares of F i r s t State Bank of New Germany, New Germany, Minnesota. \ j Kansas City Alexandria S t a t e Company, Aurora, Nebraska, f o r approval t o acquire 100 percent of the voting shares of S t a t e Bank of Alexandria, Alexandria, Nebraska. ]_/ Kansas City Comban Shares, I n c . , Oklahoma C i t y , Oklahoma, f o r approval t o acquire at l e a s t 80 percent of the voting shares of Community Bank, Oklahoma C i t y , Oklahoma. J / Kansas City F i r s t S t i l l w a t e r Bancshares, I n c . , S t i l l w a t e r , Oklahoma, f o r approval t o acquire at l e a s t 80 percent of the voting shares of F i r s t Union Corporation, S t i l l w a t e r , Oklahoma and i n d i r e c t l y at l e a s t 80 percent of F i r s t National Bank and Trust Company, S t i l l w a t e r , Oklahoma. V Dallas Capital Bancshares, I n c . , D a l l a s , Texas, f o r approval t o acquire at l e a s t 80 percent of the voting shares of Capital Bank, D a l l a s , Texas. 1/ Indiana, f o r approval voting shares ( l e s s of t h e s u c c e s s o r by & Trust Company, * * * * * 1/ A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 50 -11 - ACTIONS OF THE BOARD - Continued To Expand a Bank Holding Company Pursuant t o Section 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956 Approved SouthTrust Corporation, Birmingham, Alabama, for approval t o acquire at l e a s t 80 percent of the v o t i n g shares of The Midland S t a t e Bank, Midland C i t y , Alabama. ] / Atlanta Dallas Northshore Bancshares, I n c . , Houston, Texas, f o r approval t o acquire 100 percent of the voting shares of F i r s t National Bank of Crosby, Crosby, Texas, a proposed new bank. 1 / * * * * * To Expand a Bank Holding Company Pursuant t o Section 3 ( a ) ( 5 ) of the Bank Holding Company Act of 1956 Cleveland Approved PNC Financial Corp, P i t t s b u r g h , Pennsylvania, f o r approval of the c o n s o l i d a t i o n of Pittsburgh National Corporation, P i t t s b u r g h , Pennsylvania and Provident National Corporation, P h i l a d e l p h i a , Pennsylvania. * * * * * To Expand a Bank Holding Company Pursuant t o Section 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956 Minneapolis jy 2J Withdrawn Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of i n t e n t t o r e l o c a t e 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 consumer and commercial f i n a n c e , and the s a l e of c r e d i t r e l a t e d insurance) from Rainbow V i l l a g e Shopping Center, 2630-A Rainbow Way, Decatur, Georgia t o The Lenox Center, 3355 Lenox Road NE, A t l a n t a , Georgia, which o f f i c e , upon r e l o c a t i o n , w i l l serve A t l a n t a , Georgia, through i t s s u b s i d i a r y , Dial Finance Company of Georgia ( 1 2 / 8 / 8 2 ) 3 / Application processed on behalf of the Board of Governors under delegated authority. 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y H.2, 1982 No. 50 - 12 ACTIONS OF THE BOARD - Continued New York Approved Skandinaviska EnskiIda Banken, Stockholm, Sweden, f o r approval t o engage de novo through i t s subs i d i a r y , Skandinaviska IrTskilda Banken Corporation, New York, New York. Cleveland PNC Financial Corp, P i t t s b u r g h , Pennsylvania, f o r approval t o acquire K i s s s l l Company, S p r i n g f i e l d , Ohio; Pittsburgh National Discount Corporation, P i t t s b u r g h , Pennsylvania; PINACO, P i t t s b u r g h , Pennsylvania; Pittsburgh National Leasing Corp o r a t i o n , P i t t s b u r g h , Pennsylvania; Pittsburgh National L i f e Insurance Company, Pittsburgh, Pennsylvania; and Pittsburgh National Commercial Corporation, Pittsburgh, Pennsylvania. Chicago NBD Bancorp, I n c . , D e t r o i t , Michigan, f o r approval t o acquire 100 percent of the voting shares of Corporate Funding, I n c . , Grand Rapids, Michigan, a commercial l e a s i n g company. J / Chicago SB I Corporation, Southgate, Michigan, f o r approval t o acquire Security Realcorp, I n c . , Southgate, Michigan; United Bankers L i f e Insurance Co., Phoenix, Arizona and SecureData Corp., Troy, Michigan. V Kansas City Alexandria S t a t e Company, Aurora, Nebraska, f o r approval t o engage in general insurance a c t i v i t i e s through the a c q u i s i t i o n of The Alexandria Insurance Agency, Alexandria, Nebraska. ] / Kansas City F i r s t S t i l l w a t e r Bancshares, I n c . , S t i l l w a t e r , Oklahoma, f o r approval t o acquire 100 percent of the voting shares of F i r s t Union Company, F i r s t Union Insurance Agency, I n c . , and F i r s t Union Financial S e r v i c e s , I n c . , a l l of S t i l l w a t e r , Oklahoma. 1/ San Franci sco F i r s t S e c u r i t y Corporation, Salt Lake C i t y , Utah, f o r approval to purchase the a s s e t s and assume t h e l i a b i l i t i e s of Murray F i r s t T h r i f t and Loan Company, S a l t Lake C i t y , Utah and t o acquire Capital T h r i f t and Loan Company, S a l t Lake C i t y , Utah. V Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 50 - 13 ACTIONS OF THE BOARD - Continued Kansas City Chicago Kansas City 3/ Denied Guaranty Bancshares Corporation, Kansas C i t y , Kansas, f o r permission t o engage in t h e a c t i v i t i e s of consumer and commercial l e n d i n g and s e l l i n g c r e d i t - r e l a t e d i n s u r a n c e in connection with such l o a n s , through i t s subs i d i a r y , Guaranty Financial S e r v i c e s , I n c . , Kansas C i t y , Kansas. Delayed American F l e t c h e r Corporation, I n d i a n a p o l i s , I n d i a n a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making or acquiring loans or other e x t e n s i o n s of c r e d i t f o r p e r s o n a l , family or household purposes, including loans secured by home e q u i t i e s , purchasing consumer 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 agent with r e s p e c t t o c r e d i t l i f e and d i s a b i l i t y insurance on borrowing customers and insurance on property taken as c o l l a t e r a l f o r such loans and c o n t r a c t s ) a t 711 South Range Line Road, Carmel, I n d i a n a , s e r v i n g Hamilton County and Lawrence, Washington and Pike Townships o f Marion County, I n d i a n a , through i t s s u b s i d i a r y , American Fletcher F i n a n c i a l S e r v i c e s , Inc. ( 1 2 / 8 / 8 2 ) 2J F i r s t City Bancorp, I n c . , Oklahoma C i t y , Oklahoma, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( ( i ) engage de novo in making or acquiring loans and other 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 commercial loans secured by a borrower's i n v e n t o r y , a c c o u n t s r e c e i v a b l e or other a s s e t s , consumer l o a n s , r e s i d e n t i a l and commercial c o n s t r u c t i o n l o a n s , and loans secured by second real e s t a t e m o r t g a g e s ; and ( 2 ) t o r e t a i n d i r e c t ownership of 100 p e r c e n t o f the v o t i n g shares of F i r s t C i t y Bancorp I n surance Agency, I n c . , and thereby continue t o engage i n d i r e c t l y i n t h e s a l e of any i n s u r a n c e t h a t i s d i r e c t l y r e l a t e d t o an extension of c r e d i t by Applicant) a t 204 North Robinson, Oklahoma C i t y , Oklahoma and Northwest 23rd S t r e e t a t Council, Oklahoma C i t y , Oklahoma, serving the S t a t e of Oklahoma ( 1 2 / 1 0 / 8 2 ) 3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 50 - 14 ACTIONS OF THE BOARD - Continued San Francisco New York New York 37 S e c u r i t y P a c i f i c 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 i n t e n t t o engage in de novo a c t i v i t i e s ( t o engage in c e r t a i n c l e a r i n g and custodian a c t i v i t i e s with respect to s e c u r i t i e s , commercial paper and s i m i l a r instruments such as a c t i n g as forwarding a g e n t , coupon paying agent and provider of trade confirmation s e r v i c e s f o r s e c u r i t i e s and a c t i n g as i s s u i n g and paying agent f o r commercial paper and s i m i l a r instruments as well as a c t i v i t i e s i n c i d e n t t h e r e t o such as making of c a l l loans t o s e c u r i t i e s d e a l e r s ) at the Lumber Exchange B u i l d i n g , 10 South F i f t h S t r e e t , Room 802, Minneapolis, Minnesota, s e r v i n g the Unites S t a t e s , through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c Clearing & S e r v i c e s Corp., Inc. ( 1 2 / 8 / 8 2 ) 3/ Permitted Barclays Bank PLC and Barclays Bank International Limited, both of London, England, request permission t o r e l o c a t e two e x i s t i n g o f f i c e s of t h e i r s u b s i d i a r i e s , BarclaysAmerican/Financial, Inc. and Barclays/American/Retail S e r v i c e s , Inc. engaging in the f o l l o w i n g a c t i v i t i e s ( ( 1 ) making d i r e c t consumer l o a n s , including loans secured by real e s t a t e , and purchasing s a l e s f i n a n c e c o n t r a c t s representing 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 consumer f i n a n c e company, and wholesale f i n a n c i n g [ f l o o r planning] 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 d e n t and health and c r e d i t property insurance; c r e d i t l i f e and c r e d i t accident and h e a l t h insurance sold as agent may be underw r i t t e n or reinsured by BarelaysAmericanCorporation's insurance underwriting s u b s i d i a r i e s ) from 380 Broadway, Newburgh, New York t o Route 9, 9 Mall Shopping Plaza, Wappingers F a l l s , New York, through t h e i r s u b s i d i a r i e s , BAF and BARS (12/5/82) 3/ Chemical New York Corporation, New York, New York, requests permission t o expand a de novo o f f i c e engaging in t h e f o l l o w i n g a c t i v i t i e s ( ( i ) providing data processing and data t r a n s mission s e r v i c e s , data bases and f a c i l i t i e s 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 . I ## H.2, 1982 No. 50 - 15 ACTIONS OF THE BOARD - Continued f o r the internal operations of Chemical New York Corporation, including Chemical Bank and a l l other Chemical New York Corporation subs i d i a r i e s ; ( i i ) providing t o other data proc e s s i n g and transmission s e r v i c e s , f a c i l i t i e s , data bases or a c c e s s to such s e r v i c e s , f a c i l i t i e s or data bases by any t e c h n o l o g i c a l l y f e a s i b l e means f o r f i n a n c i a l , banking or economic data; and ( i i i ) providing t o others e x c e s s capacity and time sharing on data processing or t r a n s mission equipment or f a c i l i t i e s , the s e r v i c e area of t h e company w i l l be the eastern United S t a t e s ) a t 5 Belmont Drive, Somerset, New J e r s e y , through i t s s u b s i d i a r y , Chemnetwork Processing S e r v i c e s , Inc. ( 1 2 / 8 / 8 2 ) y New York The Honkgong and Shanghai Banking Corporation, Hong Kong, B.C.C., requests permission t o e s t a b l i s h two de novo o f f i c e s engaging in the f o l l o w i n g a c t i v i t i e s ( l e a s i n g and i n s t a l l m e n t f i n a n c i n g a c t i v i t i e s in accordance with Section 2 2 5 . 4 ( a ) ( 6 ) o f the Board's Regulation Y and t o a c t as a g e n t , broker or a d v i s e r for such a c t i v i t i e s ; commercial f i n a n c i n g a c t i v i t i e s , i n c l u d i n g making i n s t a l l m e n t , conditional s a l e s , and working c a p i t a l loans secured by commercial and i n d u s t r i a l equipment) at 1133 Avenue of the Americas, 43rd and 6th Avenue, New York, New York and 6151 Century Boulevard, Los Angeles, C a l i f o r n i a , through i t s s u b s i d i a r y , U. S. Concord, Inc. (12/8/82) 3/ Cleveland Independence Bancorp, Independence, Ohio, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making l e a s e s of personal property L e . g . , machine tool equipment, automotive equipment, computers and o f f i c e equipment] in accordance with the Federal Reserve Board's Regulation Y) at 4401 Rockside Road, Independence, Ohio, through i t s s u b s i d i a r y , Independence Equipment Leasing Company ( 1 2 / 1 1 / 8 2 ) V Richmond Dominion Bankshares Corporation, Roanoke, V i r g i n i a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (mortgage banking a c t i v i t i e s of o r i g i n a t i n g r e s i d e n t i a l , commercial, i n d u s t r i a l , 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 . e H.2, 1982 No. 50 # - 16 ACTIONS OF THE BOARD - Continued and c o n s t r u c t i o n l o a n s f o r i t s own account and f o r s a l e t o o t h e r s , and s e r v i c i n g such l o a n s f o r o t h e r s , and 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 , c r e d i t l i a b i l i t y , mortgage redemption and mortgage a c c i d e n t and h e a l t h i n s u r a n c e in c o n n e c t i o n with such mortgage l o a n s ) a t 3959 E l e c t r i c Road, S.W., Roanoke, V i r g i n i a , through i t s s u b s i d i a r y , Dominion Bank Shares Mortgage C o r p o r a t i o n ( 1 2 / 1 1 / 8 2 ) 3J Chicago Town F i n a n c i a l C o r p o r a t i o n , H a r t f o r d C i t y , I n d i a n a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making or a c q u i r i n g l o a n s and o t h e r e x t e n s i o n s of c r e d i t such as would be made by a consumer f i n a n c e company, t h e d i s c o u n t of r e t a i l and i n s t a l l m e n t n o t e s o r c o n t r a c t s , and a c t i n g as agent f o r t h e s a l e of l i f e , a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o i t s e x t e n s i o n of c r e d i t ) a t 52303 Emmons Road, South Bend, I n d i a n a , t h e g e o g r a p h i c scope t o be served w i l l i n c l u d e South Bend, Indiana and t h a t a r e a w i t h i n a 20-mile r a d i u s and Cass County, Michigan, through i t s s u b s i d i a r y , Town Finance Company, I n c . (12/10/82) 3/ Minneapolis F i r s t Bank System, I n c . , M i n n e a p o l i s , Minnesota, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (in u n d e r w r i t i n g c r e d i t ITTe 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 e x t e n s i o n s of c r e d i t by s u b s i d i a r i e s of F i r s t Bank System, I n c . ) a t S u i t e 646, 234 North C e n t r a l Avenue, Phoenix, A r i z o n a , s e r v i n g t h e Phoenix, Arizona m e t r o p o l i t a n a r e a , through i t s s u b s i d i a r y , F i r s t Bank System L i f e I n s u r a n c e Company 1 2 / 9 / 8 2 ) 3/ Dallas RepublicBank C o r p o r a t i o n , D a l l a s , Texas, n o t i f i c a t i o n of i n t e n t t o expand de novo 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 or f o r t h e 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 such as would be made by a mortgage company; and s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s of c r e d i t f o r o t h e r s ) in D a l l a s , Texas and Lubbock, Texas, t h e proposed expanded s e r v i c e a r e a f o r t h e conduct of t h e s e a c t i v i t i e s w i l l be t h e S t a t e of Texas, through i t s s u b s i d i a r y , Republic National Mortgage C o r p o r a t i o n of Texas ( 1 2 / 9 / 8 2 ) 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 Reserve Bank on behalf of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . H.2, 1982 No. 50 - 17 ACTIONS OF THE BOARD - Continued San Francisco 37 Valley Capital Corporation, Las Vegas, Nevada, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n underwriting and reinsuring c r e d i t l i f e insurance and c r e d i t accident and h e a l t h insurance which i s d i r e c t l y r e l a t e d t o the e x t e n s i o n s of c r e d i t by the bank holding company system) in Phoenix, Arizona, through i t s s u b s i d i a r y , Valley Capital L i f e Insurance Company ( 1 2 / 1 1 / 8 2 ) 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 . I H.2, 1982 No. 50 -18APPLICATIONS RECEIVED To E s t a b l i s h a Domestic Branch Pursuant t o S e c t i o n 9 of t h e F e d e r a l Reserve Act New York United J e r s e y Bank, Hackensack, New J e r s e y . To e s t a b l i s h two 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 o f f i c e s a t t h e f o l l o w i n g l o c a t i o n s : 288 North Broad S t r e e t , E l i z a b e t h , New J e r s e y ; 3140 P r i n c e t o n P i k e , Lawrence Township, New J e r s e y . 2] Philadelphia United J e r s e y Bank/Southwest, Camden, New J e r s e y . To e s t a b l i s h o f f s i t e e l e c t r o n i c f a c i l i t i e s a t t h e f o l l o w i n g l o c a t i o n s : 420 Kinderkamack Road, O r a d e l l , New J e r s e y ; Broadway & L i v i n g s t o n S t r e e t , Norwood, New J e r s e y ; 597 P a s s a i c Avenue West C a l d w e l l , New J e r s e y ; 288 North Broad S t r e e t , E l i z a b e t h , New J e r s e y ; 3140 P r i n c e t o n P i k e , Larence Township, New J e r s e y . 2/ Richmond Bank of V i r g i n i a , Richmond, V i r g i n i a . To e s t a b l i s h a customer-bank communication t e r m i n a l a t t h e i n t e r s e c t i o n of S t a t e Route 3 and Greengate Road, F r e d e r i c k s b u r g , V i r g i n i a . 2/ Atlanta F i r s t Georgia Bank, A t l a n t a , Georgia. To e s t a b l i s h a branch l o c a t e d a t 3475 Lenox Road, N . E . , A t l a n t a , G e o r g i a . 2/ * * * * * To Merge Pursuant t o S e c t i o n 18(c) of t h e F e d e r a l Deposit I n s u r a n c e Act New York United C o u n t i e s T r u s t Company, E l i z a b e t h , New J e r s e y , t o merge with Kenilworth S t a t e Bank, K e n i l w o r t h , New J e r s e y . 2 / * 77 * * * * A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. 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 a s t o t h e l e n g t h of t h e comment p e r i o d . e H.2, 1982 No. 50 # - 19 - 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 m e n t s and Other Actions Pursuant t o S e c t i o n s 25 and 2 5 ( a ) of t h e 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 Morgan Guaranty I n t e r n a t i o n a l Finance C o r p o r a t i o n , 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 a c q u i r e , d i r e c t l y or i n d i r e c t l y , a 29 p e r c e n t i n t e r e s t i n a de novo l e a s i n g company, Computer Systems L e a s i n g , L t d . , Tokyo, Japan. Cleveland Mellon National C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , f o r approval t o a c q u i r e Girard Zurich A.G., Zurich, Switzerland. * * * * * To Form a Bank Holding Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956 New York B a l l s t o n Spa Bancorp, I n c . , B a l l s t o n Spa, New York, 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 t h e v o t i n g s h a r e s of B a l l s t o n Spa National Bank, B a l l s t o n Spa, New York. 2/ New York U l t r a B a n c o r p o r a t i o n , B r i d g e w a t e r , New J e r s e y , 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 of F i r s t National Bank of C e n t r a l J e r s e y , B r i d g e w a t e r , New J e r s e y . 2J Philadelphia Union Bancorp of Du B o i s , P e n n s y l v a n i a , I n c . , Du B o i s , P e n n s y l v a n i a , 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 of The Union Banking & T r u s t Company, Du B o i s , P e n n s y l v a n i a . 2 / Richmond F i r s t F i d e l i t y Bancorp, I n c . , F a i r m o n t , V i r g i n i a , f o r approval t o a c q u i r e 100 of t h e v o t i n g s h a r e s of F i r s t National i n F a i r m o n t , F a i r m o n t , West V i r g i n i a . Atlanta FNB Banking Company, G r i f f i n , G e o r g i a , 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 of F i r s t National Bank of G r i f f i n , G r i f f i n , G e o r g i a . 2/ J7 West percent Bank 2/ A p p l i c a n t s u b j e c t t o Community Reinvestment Act. 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 a s t o t h e l e n g t h of t h e comment p e r i o d . H.2, 1982 No. 50 - 20 - APPLICATIONS RECEIVED - Continued Chicago F i n a n c i a l Concepts Bancorp, I n c . , Green Bay, Wisconsin, f o r approval t o a c q u i r e a t l e a s t 96.52 p e r c e n t of t h e v o t i n g s h a r e s of U n i v e r s i t y Bank, Green Bay, Wisconsin. 2/ Chicago Lake Country Holding C o . , I n c . , H a r t l a n d , Wisconsin, 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 or more of t h e v o t i n g s h a r e s of S t a t e Bank of H a r t l a n d , H a r t l a n d , Wisconsin. 2 / S t . Louis Exlanco, I n c . , S i k e s t o n , M i s s o u r i , 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 of S e c u r i t y Bank of B o l l i n g e r County ( f o r m e r l y The B o l l i n g e r County Bank), L u t e s v i l l e , M i s s o u r i . 2/ S t . Louis United Bancorp of P r i n c e t o n , I n c . , P r i n c e t o n , Kentucky, 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 of t h e s u c c e s s o r by merger t o Farmers Bank and T r u s t Company, P r i n c e t o n , Kentucky. 2/ Minneapolis Augustana Dakota, percent dricks, Minneapolis Duke F i n a n c i a l Group, I n c . , S t . P a u l , Minnesota, f o r approval t o a c q u i r e a t l e a s t 87.46 p e r c e n t of t h e v o t i n g s h a r e s of S t a t e Bank of New Prague, New Prague, Minnesota. 2/ Minneapolis Starbuck B a n c s h a r e s , I n c . , S t a r b u c k , Minnesota, f o r approval t o a c q u i r e 8 2 . 5 p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t National Bank of S t a r b u c k , S t a r b u c k , Minnesota. 2/ Kansas C i t y B a s s e t t Investment C o . , B a s s e t t , Nebraska, f o r approval t o a c q u i r e a t l e a s t 8 3 . 8 p e r c e n t of t h e v o t i n g s h a r e s of Commercial Bank, B a s s e t t , Nebraska. 2 / 27 C o l l e g e A s s o c i a t i o n , Sioux F a l l s , South f o r approval t o a c q u i r e a t l e a s t 87.40 of t h e v o t i n g s h a r e s of S t a t e Bank of HenHendricks, Minnesota. 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 a s t o t h e l e n g t h of t h e comment p e r i o d . H.2, 1982 No. 50 -21 APPLICATIONS RECEIVED - Continued Kansas C i t y C h a r t e r B a n c s h a r e s , I n c . , Oklahoma C i t y , Oklahoma, 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 of C h a r t e r National Bank, Oklahoma C i t y , Oklahoma, a proposed new bank. 2/ Kansas C i t y Evco, I n c . , C a s p e r , Wyoming, 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 of F i r s t National Bank i n E v a n s t o n , E v a n s t o n , Wyoming. 2 / Kansas C i t y Farmers S t a t e Investment C o . , Dodge, Nebraska, f o r approval t o a c q u i r e a t l e a s t 89.59 p e r c e n t of t h e v o t i n g s h a r e s of Farmers S t a t e Bank, Dodge, Nebraska. 2 / Kansas C i t y Metro B a n c s h a r e s , I n c . , Broken Arrow, Oklahoma, 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 of Metro Bank of Broken Arrow, Broken Arrow, Oklahoma. 2 / Dallas Hugo B a n k s h a r e s , I n c . , Hugo, Oklahoma, f o r approval t o a c q u i r e a t l e a s t 88 p e r c e n t of t h e v o t i n g s h a r e s of S e c u r i t y F i r s t National Bank of Hugo, Hugo, Oklahoma. 2 / Dallas P l a i n s Bancorp, I n c . , Dimmitt, Texas, 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 or more 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 Bancorp, I n c . , Dimmitt, Texas and i n d i r e c t l y 90.22 p e r c e n t of The F i r s t S t a t e Bank of Dimmitt, Dimmitt, Texas. 2/ Dallas S e c u r i t y S h a r e s , I n c . , A b i l e n e , Texas, 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 t h e v o t i n g s h a r e s of S e c u r i t y S t a t e Bank, A b i l e n e , Texas. 2/ San Francisco DeAnza Bancorp, Sunnyvale, C a l i f o r n i a , 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 of DeAnza Bank, Sunnyvale, C a l i f o r n i a . 2/ San Francisco F r o n t i e r Group I n c o r p o r a t e d , Buena P a r k , C a l i f o r n i a , 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 of F r o n t i e r Bank, N.A., Buena P a r k , C a l i f o r n i a , a proposed new bank. 2/ "Tj 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 a s t o t h e l e n g t h of t h e comment p e r i o d . 2, 1982 No. 50 -22APPLICATIQNS RECEIVED - Continued San Francisco Mid C i t y Bancorp, Los A n g e l e s , C a l i f o r n i a , 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 of Mid C i t y Bank, National A s s o c i a t i o n , Los Angeles, C a l i f o r n i a , a proposed new bank. 2J * * * * * To Expand a Bank Holding Company Pursuant t o S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956 S t . Louis Gravois B a n c o r p . , I n c . , S t . L o u i s , M i s s o u r i , 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 of M e h l v i l l e Bank, S t . L o u i s , M i s s o u r i . 2/ Kansas C i t y American Bank C o r p o r a t i o n , Denver, Colorado, f o r approval t o a c q u i r e a t l e a s t 9 9 . 9 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t Wyoming Bank, N.A. Laramie, Laramie, Wyoming. 2/ Kansas C i t y American Bank C o r p o r a t i o n , Denver, Colorado, 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 of American National Bank of Rock S p r i n g s , Rock S p r i n g s , Wyoming, a proposed new bank. 2/ Dallas A l l i e d B a n c s h a r e s , I n c . , Houston, Texas, 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 of C i t i z e n s National Bank of Beaumont, Beaumont, Texas. 2/ Dallas RepublicBank C o r p o r a t i o n , D a l l a s , Texas, 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 of Texas National Bank of Midland, Midland, Texas. 2/ Dallas Southwest B a n c s h a r e s , I n c . , Houston, Texas, f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of S t a t e National Bank, Odessa, Texas, Odessa, Texas. 2/ * * * * * 2/ A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community A f f a i r s O f f i c e r o f the a p p l i c a b l e Reserve Bank may be contacted as t o the length of the comment period. H.2, 1982 No. 50 -23- APPLICATIONS RECEIVED - Continued To Expand a Bank Holding Company Pursuant t o S e c t i o n 3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956 Cleveland Mellon National C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , f o r approval t o merge with The Girard Company, Bala-Cynwyd, Pennsylvania and i n d i r e c t l y a c q u i r e Girard Bank Delaware, Dover, Delaware and Girard Bank, Bala-Cynwyd, Pennsylvania. 2/ * * * * * To Expand a Bank Holding Company Pursuant t o S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956 New York Bankers T r u s t New York 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 engaging in t h e f o l l o w i n g a c t i v i t i e s (making o r a c q u i r i n g l o a n s or o t h e r e x t e n s i o n s of c r e d i t such as would be made by a commercial f i n a n c e company, i n c l u d i n g commercial l o a n s s e c u r e d by a b o r r o w e r ' s accounts r e c e i v a b l e , inventory or other a s s e t s ; p u r c h a s i n g or a c q u i r i n g a c c o u n t s r e c e i v a b l e and making advances t h e r e o n a s would be done by a f a c t o r ; s e r v i c i n g such l o a n s or a c c o u n t s f o r o t h e r s ; and a c q u i r i n g and s e l l i n g p a r t i c i p a t i o n s in such o b l i g a t i o n s ) a t 2121 San J a c i n t o S t r e e t , D a l l a s , Texas, t h r o u g h i t s s u b s i d i a r y , BT Commercial C o r p o r a t i o n (12/9/82) New York B a r c l a y s Bank PLC 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 t o e s t a b l i s h a de novo o f f i c e of t h e i r s u b s i d i a r y engaging in t h e f o l l o w i n g a c t i v i t i e s ( ( i ) making d i r e c t consumer l o a n s , i n c l u d i n g l o a n s s e c u r e d by r e a l e s t a t e , and p u r c h a s i n g sales finance contracts representing extensions of c r e d i t such as would be made or a c q u i r e d by a consumer f i n a n c e company, and w h o l e s a l e f i n a n c i n g [ f l o o r p l a n n i n g ] and ( i i ) a c t i n g a s a g e n t f o r t h e 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 d e n t and h e a l t h and c r e d i t p r o p e r t y 2J 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 a s t o t h e l e n g t h of t h e comment p e r i o d . H.2, 1982 No. 50 -24- APPLICATIONS RECEIVED - Continued i n s u r a n c e ; 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 s o l d as agent may be u n d e r w r i t t e n or r e i n s u r e d by BarclaysAmericanCorporation's insurance underwriting s u b s i d i a r i e s ) a t 2679 Regency Road, L e x i n g t o n , Kentucky, s e r v i n g customers in Lexington and s u r r o u n d i n g a r e a s in Kentucky, through t h e i r s u b s i d i a r y , B a r c l a y s A m e r i c a n / F i n a n c i a l of Kentucky, I n c . (12/9/82) New York C i t i c o r p , New York, New York, f o r approval t o engage through a j o i n t v e n t u r e s u b s i d i a r y , Harrison C r e d i t Group, I n c . , H a r r i s o n , New York, in commercial l e n d i n g , l e a s e f i n a n c i n g , and loan s e r v i c i n g a c t i v i t i e s p e r t a i n i n g t o farm equipment m a n u f a c t u r e r e d by t h e Sperry New Holland D i v i s i o n of Sperry C o r p o r a t i o n , New York, New York. 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 t o expand t h e a c t i v i t i e s and s e r v i c e area of an e x i s t i n g o f f i c e ( t h e s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l [ i n t h e c a s e of s i n g l e payment l o a n s ] term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ; and t h e s e r v i c i n g , f o r any p e r s o n , of loans and o t h e r e x t e n s i o n s of c r e d i t ; in a d d i t i o n , t h e o f f i c e proposes t o broaden i t s p r e v i o u s l y approved a c t i v i t i e s t o i n c l u d e t h e e x t e n s i o n of loans f o r t h e f i n a n c i n g of i n v e n t o r y [ f l o o r p l a n n i n g ] and working c a p i t a l purposes and t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own account of s a l e s f i n a n c e c o n t r a c t s with r e g a r d t o a l l t y p e s of d e a l e r s and a l l t y p e s of consumer i n s t a l l m e n t p a p e r ; t h e proposed expanded s e r v i c e a r e a f o r a l l t h e a f o r e m e n t i o n e d a c t i v i t i e s s h a l l be comprised of t h e e n t i r e S t a t e s of Kentucky, West V i r g i n i a , Indiana and T e n n e s s e e ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e may be w r i t t e n by Family Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p Acceptance Company, I n c . ) a t 4480 B r e c k e n r i d g e Lane, The Watterson College B l d g . , 1st F l o o r , S u i t e 120, L o u i s v i l l e , Kentucky, t h r o u g h i t s s u b s i d i a r y , C i t i c o r p Acceptance Company, I n c . (12/9/82) New York Key Banks I n c . , Albany, 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 engaging in t h e f o l l o w i n g a c t i v i t i e s ( p e r f o r m i n g o r c a r r y i n g on any one or more of t h e f u n c t i o n s or a c t i v i t i e s t h a y may be performed or c a r r i e d on by a t r u s t H.2, 1982 No. 50 - 25 - APPLICATIONS RECEIVED - Continued company [ i n c l u d i n g a c t i v i t i e s of a f i d u c i a r y , agency, o r c u s t o d i a n n a t u r e ] , in t h e manner a u t h o r i z e d by Federal or S t a t e law, so long as t h e i n s t i t u t i o n does not make loans or i n v e s t m e n t s o r a c c e p t d e p o s i t s o t h e r than ( i ) d e p o s i t s t h a t a r e g e n e r a t e d from t r u s t f u n d s not c u r r e n t l y i n v e s t e d and a r e p r o p e r l y secured t o t h e e x t e n t r e q u i r e d by law, or ( i i ) d e p o s i t s r e p r e s e n t i n g funds r e c e i v e d f o r a s p e c i a l use in t h e c a p a c i t y of managing agent o r c u s t o d i a n f o r an owner o f , or i n v e s t o r i n , r e a l p r o p e r t y , s e c u r i t i e s , or o t h e r personal p r o p e r t y , o r f o r such owner or i n v e s t o r as agent or c u s t o d i a n of f u n d s held f o r investment o r escrow a g e n t , o r f o r an i s s u e r o f , o r b r o k e r or d e a l e r in s e c u r i t i e s , in a c a p a c i t y such as paying a g e n t , d i v i d e n d d i s b u r s i n g a g e n t , o r s e c u r i t i e s c l e a r i n g a g e n t , and not employed by o r f o r t h e account of t h e customer in t h e manner of a general purpose checking account or b e a r i n g i n t e r e s t , o r ( i i i ) making of c a l l loans t o s e c u r i t i e s d e a l e r s or p u r c h a s e of money market i n s t r u m e n t s such as c e r t i f i c a t e s of d e p o s i t , commercial p a p e r , government or municipal s e c u r i t i e s , and bankers a c c e p t a n c e s [such a u t h o r i z e d l o a n s and i n v e s t m e n t s , however, may not be used as a method of c h a n n e l i n g funds t o non-banking a f f i l i a t e s of t h e t r u s t company]) a t 110 W i s t e r i a Avenue, O r l a n d o , F l o r i d a , s e r v i n g t h e Tampa-Orlando a r e a of F l o r i d a , through i t s s u b s i d i a r y , Key T r u s t Company of F l o r i d a N.A. (12/7/82) New York Societe Generale, P a r i s , France, requests permission t o e s t a b l i s h a de novo o f f i c e engaging in 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 f o r t h e account of o t h e r s , commercial l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; and l e a s i n g p e r s o n a l o r r e a l p r o p e r t y or a c t i n g as a g e n t , b r o k e r or a d v i s o r in l e a s i n g such p r o p e r t y and s e r v i c i n g such l e a s e s , s u b j e c t t o a l l t h e q u a l i f i c a t i o n s s p e c i f i e d in 12 C.F.R. 2 2 5 . 4 ( a ) ( 6 ) ( a ) and ( b ) , where t h e l e a s e s s e r v e a s t h e f u n c t i o n a l e q u i v a l e n t of an e x t e n s i o n of c r e d i t t o t h e l e s s e e of t h e p r o p e r t y ) a t Crocker C e n t e r , One Montgomery West Tower, 16th F l o o r , 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 , Sogelease Corporation (12/8/82 1 ## H.2, 1982 No. 50 -26- APPLICATIONS RECEIVED - Continued Philadelphia Univest C o r p o r a t i o n of P e n n s y l v a n i a , S o u d e r t o n , P e n n s y l v a 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 in de novo a c t i v i t i e s ( a c t i n g as investment or f i n a n c i a l a d v i s o r s and p r o v i d i n g p o r t f o l i o in v es tm en t a d v i c e , f i n a n c i a l a d v i c e and p e r forming a c t i v i t i e s which a t r u s t department of a n a t i o n a l bank could perform and t o have a l l powers n e c e s s a r y and i n c i d e n t t h e r e t o ) a t 14 Main S t r e e t , S o u d e r t o n , P e n n s y l v a n i a , s e r v i n g P e n n s y l v a n i a , New J e r s e y , Delaware, F l o r i d a , Maryland and V i r g i n i a , through i t s s u b s i d i a r y , Univest F i n a n c i a l Planning C o r p o r a t i o n ( 1 2 / 7 / 8 2 ) Cleveland Mellon National C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , 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 voting s h a r e s of G i r a r d Leasing C o r p o r a t i o n , Bala-Cynwyd, Pennsylvania; Girard S e r v i c e s , I n c . , P h i l a d e l p h i a , P e n n s y l v a n i a ; and GIRACO L i f e I n s u r a n c e Company, Phoenix, A r i z o n a . Cleveland Mellon National C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , 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 of Mortgage and T r u s t , I n c . , Houston, T ex as , and C a r o l i n e R e a l t y , I n c . , Houston, Texas. Richmond Union T r u s t Bancorp, B a l t i m o r e , Maryland, 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 i n s t a l l m e n t loans t o i n d i v i d u a l s f o r p e r s o n a l , f a m i l y or household p u r p o s e s ; p u r c h a s i n g s a l e s f i n a n c e c o n t r a c t s e x e c u t e d in c o n n e c t i o n with t h e s a l e of p e r s o n a l , f a m i l y or household goods o r s e r v i c e s ; a c t i n g as agent in t h e s a l e of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o i t s e x t e n s i o n s of c r e d i t ; a c t i n g as agent in t h e s a l e of i n s u r a n c e p r o t e c t i n g c o l l a t e r a l held a g a i n s t t h e e x t e n s i o n s of c r e d i t ; and making mortgage l o a n s secured in whole o r in p a r t by mortgages or o t h e r l i e n s on r e a l e s t a t e ) 2320 East North S t r e e t , North E x e c u t i v e P l a z a , S u i t e 00, G r e e n v i l l e , South C a r o l i n a , through i t s s u b s i d i a r y , Landmark Financial Services, Inc. (12/6/82) 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 , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n o r i g i n a t i o n of 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 secured by r e a l e s t a t e m o r t g a g e s ; t h e a c t i v i t i e s would include preparing applications for loans, a s s e m b l i n g c r e d i t i n f o r m a t i o n and s o l i c i t a t i o n # H.2, 1982 No. 50 e -27- APPLICATIONS RECEIVED - Continued of loan b u s i n e s s ) a t 601 S t a t e Road A1A, Ponte Vedra Beach, S t . Johns County, F l o r i d a , s e r v i n g S t . Johns County and p o r t i o n s of Duval County which a r e in c l o s e p r o x i m i t y t o o f f i c e , through i t s s u b s i d i a r y , S o u t h e a s t Mortgage Company (12/10/82) Minneapolis Keewatin B a n c o r p o r a t i o n , I n c . , Keewatin, Minnesota, 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 of F i r s t National I n s u r a n c e Agency, Keewatin, Minnesota, conducting general insurance a c t i v i t i e s in a town of l e s s t h a n 5,000 p o p u l a t i o n . Minneapolis Starbuck B a n c s h a r e s , I n c . , S t a r b u c k , Minnesota, f o r approval t o a c q u i r e Olson I n s u r a n c e Agency of S t a r b u c k , S t a r b u c k , M i n n e s o t a , a general i n s u r a n c e agency o p e r a t i n g in a community with a p o p u l a t i o n not e x c e e d i n g 5 , 0 0 0 . Kansas C i t y F i r s t National of Nebraska, I n c . , Omaha, Nebraska, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n o p e r a t i n g an i n d u s t r i a l loan and i n v e s t m e n t company as a u t h o r i z e d by Nebraska law, i n c l u d i n g i s s u i n g c e r t i f i c a t e s of i n d e b t e d n e s s and making and a c q u i r i n g loans and o t h e r e x t e n s i o n s of c r e d i t such as would be made by an i n d u s t r i a l loan and i nve s tme nt company) a t 76th and Cass S t r e e t s , Omaha, Nebraska; 108th and Q S t r e e t s , Omaha, Nebraska; 24th and Vinton S t r e e t s , Omaha, Nebraska and 3205 North 90th S t r e e t , Omaha, Nebraska, s e r v i n g t h e C i t y of Omaha and Douglas County, through i t s s u b s i d i a r y , F i r s t of Omaha Savings Co. ( 1 2 / 6 / 8 2 ) San Francisco F i r s t S e c u r i t y C o r p o r a t i o n , S a l t Lake C i t y , Utah, f o r approval t o purchase t h e a s s e t s and assume t h e l i a b i l i t i e s of Murray F i r s t T h r i f t and Loan Company, S a l t Lake C i t y , Utah and t o a c q u i r e C a p i t o l T h r i f t and Loan Company, S a l t Lake C i t y , Utah. San Francisco Alaska P a c i f i c B a n c o r p o r a t i o n , Anchorage, A l a s k a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n t h e A c t i v i t i e s of s o l i c i t i n g , o r i g i n a t i n g , making, a c q u i r i n g , and s e l l i n g r e a l e s t a t e mortgage 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 i n t e r e s t s in r e a l e s t a t e f o r i t s own account and f o r s a l e t o o t h e r l e n d e r s and i n v e s t o r s and t h e s e r v i c i n g of t h e s e and o t h e r H.2, 1982 No. 50 - 28 - APPLICATIQNS RECEIVED - Continued l o a n s f o r i t s e l f and o t h e r l e n d e r s and i n v e s t o r s ) a t 101 West Benson Blvd. and a t 524 West Fourth Avenue, Anchorage, A l a s k a , s e r v i n g t h e s t a t e s of Alaska and Washington, through i t s s u b s i d i a r y , Alaska P a c i f i c Mortgage Company ( 1 2 / 7 / 8 2 ) San francisco R a i n i e r B a n c o r p o r a t i o n , S e a t t l e , Washington, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n t h e a c t i v i t i e s of making e q u i t y and debt i n v e s t m e n t s in c o r p o r a t i o n s or p r o j e c t s designed p r i m a r i l y t o promote community w e l f a r e , such as t h e economic r e h a b i l i t a t i o n and development of low-income a r e a s ) in S e a t t l e , Washington, s e r v i n g t h e e n t i r e s t a t e of Washington, through i t s s u b s i d i a r y , R a i n i e r Community S e r v i c e C o r p o r a t i o n (12/9/82) * * * * * REPORTS RECEIVED Ownership S t a t e m e n t F i l e d Pursuant t o S e c t i o n 13(d) of t h e S e c u r i t i e s Exchange Act The Bank of Green Ruckersville, Virginia ( F i l e d by Clingman L. Snow) * * * * * PETITIONS FOR RULEMAKING None
@FedFRASER