The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1986, No. 50 Actions of the Board Applications and Reports Received During the Week Ending December 13, 1986 ACTIONS OF THE BOARD Issued for comment a series of proposals to reduce and control the payments system risk faced by the Federal Reserve and individual depository institutions participating in large dollar wire transfer networks, book-entry transfer systems, and automated clearing houses (ACHs), supplementing policy announced by the Board on May 17, 1985. Announcement of official staff appointments in the Division of Research and Statistics: Martha S. Scanlon and Joyce K. Zickler to Assistant Directors; Martha Bethea and Peter A. Tinsley to Deputy Associate Directors. Cleveland Second Bancorp, Inc., Warren, Ohio — extension to February 16, 1987, to acquire The Second National Bank of Warren. 1/ Richmond Bank of Carroll, Hillsville, Virginia — investment in bank premises. 1/ Richmond Farmers and Merchants Bank of Summersville, Summersville, West Virginia — investment in bank premises. 1/ Atlanta United Pinellas Corporation, St. Petersburg, Florida — extension to March 21, 1987, to merge with Pinellas Bancshares Corporation. 1/ 17 Processed on behalf of the Board of Governors under delegated authority. H.2, 1986, No. 50 -2- ACTIONS OF THE BOARD - Continued Atlanta Boca Bancorp, Inc., Boca Raton, Florida — extension to March 13, 1987, to acquire Boca Bank, to merge with Boca Interim Bank, and for Boca Bank to become a member of the Federal Reserve System. 1/ Atlanta Jefferson Bancorp, Inc., Miami Beach, Florida — extension to April 14, 1987, to acquire Jefferson National Bank. 1/ Atlanta Bank of Belfast, Belfast, Tennessee — proposed merger with Belfast Interim Bank — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Chicago Midwest Commerce Banking Company, Elkhart, Indiana — extension to March 16, 1987, to establish a branch at 100 East Wayne Street, South Bend, Indiana. 1/ Chicago State Bank of Freeport, Freeport, Illinois — investment in bank premises. 1/ Kansas City Citicorp Savings and Industrial Bank, Aurora, Colorado — proposed merger with Citicorp Savings and Industrial Bank of Fort Collins, Fort Collins; Citicorp Savings and Industrial Bank of Colorado Springs, Colorado Springs; Citicorp Savings and Industrial Bank of Littleton, Littleton; Citicorp Savings and Industrial Bank of Southwest Plaza; Citicorp Savings and Industrial Bank of Boulder, Boulder; Citicorp Savings and Industrial Bank of Northglenn; and Citicorp Savings and Industrial Bank of Denver, Denver, Colorado — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Kansas City Nichols Hills Bancorporation, Inc., Oklahoma City, Oklahoma — extension to March 12, 1987 — to acquire Nichols Hills Bank and Trust Company. 1/ Kansas City Lafayette First Industrial Bank, Lafayette, Colorado -- extension to March 10, 1987, to become a member of the Federal Reserve System. 1/ 17 Processed on behalf of the Board of Governors under delegated authority. -3- H.2, 1986, No. 50 ACTIONS OF THE BOARD - Continued San Francisco United Bank Alaska, Anchorage, Alaska — proposed merger with United Bank Alaska Southeastern, Juneau, Alaska — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ San Francisco San Diego Financial Corporation, San Diego, California — extension to March 25, 1987 to commence investment advisory services. 1/ * * * * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Approved New York Chemical Bank, New York, New York — to establish a branch office at Hunter College, 695 Park Avenue, New York, New York. 1/ (12/9/86) j j New York J. Henry Schrbder Bank and Trust Company, New York, New York — to establish a branch at 20 Broad Street, New York, New York. 1/ (12/11/86) New York United Jersey Bank, Hackensack, New Jersey — to establish a branch office at 295 Route 17, Paramus, N evj York. 1/ (12/8/86) San Francisco Civic Bank of Commerce, Oakland, California — to establish branch in the vicinity of 2251 Alvarado Street, San Leandro, Californiaj: 1/ (12/11/86) j* * * * * To Become a Member/of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act i / Approved Atlanta First Coitununity Bank of Orange City, Orange City, Florida. 1/ (12/5/86)* * * * * * 17 Processed on behalf of the Board of Governors under delegated authority. H.2, 1986, No. 50 -4- ACTIONS OF THE BOARD - Continued To Form a Bank Holding Company Pursuant to Section 3 ( a ) (1) of the Bank Holding Company Act of 1956 Withdrawn Boston Livermore Bankshares, Inc., Livermore Falls, Maine — for approval to acquire 100 percent of the voting shares of Livermore Falls Trust Company, Livermore Falls, Maine. (12/30/86) * * * * * Returned Kansas City Charter Bancorporation, Englewood, Colorado — for approval to acquire 100 percent of the voting shares of Charter Bank and Trust, Englewood, Colorado. (12/10/86) * * * * * Approved Atlanta Citizens Southern Bancshares, Inc., Vernon, Alabama — for approval to acquire 80 percent of the voting shares of Citizens State Bank, Vernon, Alabama. 1/ (12/10/86) St. Louis Citizens Bancshares of Eldon, Inc., Eldon, Missouri — for approval to acquire at least 80 percent of the voting shares of Citizens Bank of Eldon, Eldon, Missouri. 1/ (12/9/86) St. Louis Mercantile Acquisition Company, St. Louis, Missouri — for approval to acquire 100 percent of the voting shares of First Bancshares Corporation of Illinois, Alton, Illinois and indirectly acquire First National Bank and Trust Company, Alton, Illinois and Airport National Bank, Bethalto, Illinois. 1/ (12/8/86) T7 Processed on behalf of the Board of Governors under delegated authority. H.2, 1986, No. 50 -5- ACTIONS OF THE BOARD - Continued Minneapolis First Bancshares of Valley City, Inc., Valley City, North Dakota — for approval to acquire 100 percent of the voting shares of First National Bank of Valley City, Valley City, North Dakota. (12/8/86) Minneapolis Lake Bank Shares, Inc., Albert Lea, Minnesota — for approval to acquire 91.8 percent of the voting shares of Security State bank of Albert Lea, Albert Lea, Minnesota, and to acquire 100 percent of Emmons Agency, Inc., Emmons, Minnesota, and indirectly at least 80 percent of First State Bank of Emmons, Emmons, Minnesota. 1/ (12/8/86) Kansas City R. Darryl Fisher, M . D . , Inc. Pension Trust, Ada, Oklahoma — for approval to acquire 78 percent of the voting shares of Pontotoc County Bank, Roff, Oklahoma. 1/ (12/9/86) Dallas CNB Bancshares, Inc., Whitehouse, Texas — for approval to acquire 100 percent of the voting shares of City National Bank, Whitehouse, Texas. 1/ (12/10/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 3 (a)(3) of the Bank Holding Company Act of 1956 Withdrawn Richmond Sterling Bancorp, Inc., Eleanor, West Virginia — for approval to acquire 100 percent of the voting shares of Tri-County Bank, Milton, West Virginia. (12/12/86) Chicago Suburban Bancorp, Inc., Palatine, Illinios — for approval to acquire at least 51 percent of the voting shares of Addison State Bank, Addison, Illinois. 11/7/86) * * * * * Returned San Francisco 1/ Southwest Bancorp, Vista, California — for approval to acquire 100 percent of the voting shares of Pacific Western National Bank, Pico Rivera, California. (12/9/86) Processed on behalf of the Board of Governors under delegated authority. H.2, 1986, No. 50 -6- ACTIONS OF THE BOARD - Continued * * * * * Approved Cleveland First Ohio Bancshares, Inc., Toledo, Ohio — for approval to acquire 100 percent of the voting shares of The Home Banking Company, Gibsonburg, Ohio. 1/ (12/8/86) St. Louis Mercantile Bancorporation Inc., St. Louis, Missouri — for approval to acquire 100 percent of the voting shares of First Bancshares Corporation of Illinois, Alton, Illinois and indirectly First National Bank and Trust Company, Alton, Illinois and Airport National Bank, Bethalto, Illinois. 1/ (12 / 8 / 86 ) Dallas AmTex Bancshares, Inc., Bridge City, Texas for approval to acquire 100 percent of the voting shares of Pavillion National Bank, Dallas, Texas. 1/ (12/12/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 3 (a)(5) of the Bank Holding Company Act of 1956 Approved San Francisco Standard Chartered PLC, Standard Chartered Bank, and Standard Chartered Overseas Holdings, Ltd., all of London, England, and Standard Chartered Holdings, Inc., and Union Bancorp, both of Los Angeles, California — for approval to merge with United Bancorp of Arizona, Phoenix, Arizona and indirectly acquire United Bank of Arizona, Phoenix, Arizona. (12/9/86) * * * * * T7 Processed on behalf of the Board of Governors under delegated authority. 3/ Notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1986, No. 50 -7- ACTIONS OF THE BOARD - Continued To Expand a Bank Holding Company Pursuant to Section 4 (c)(8) of the Bank Holding Company Act of 1956 Returned Chicago First Illinois Corporation, Evanston, Illinois — to engage de novo (making, acquiring and/or servicing loans for itself or for others the type made by a consumer finance company) through its subsidiary, First Illinois Finance Company, Northbrook, Illinois. The geographic area to be served will be the entire United States. 3/ 12/5/86) Chicago First State Bancorp of Princeton, Illinois, Inc., Princeton, Illinois — to engage de novo (selling credit life, disability, or involuntary unemployment insurance) through its subsidiary banks, First State Bank of Princeton, Princeton, and Farmers State Bank of Sheffield, Sheffield, Illinois. 3/ (12/5/86) Chicago Lane Financial, Inc., Northbrook, Illinois — to engage de novo (underwriting credit life insurance on consumer loans) through its subsidiary, Lane Financial Insurance Company, Northbrook, Illinois. 3/ (12/9/86) Kansas City Clearwater Home State Bancshares, Inc., Clearwater, Kansas — to engage de novo (selling credit life, disability, or involuntary unemployment insurance; selling property insurance on an extension of credit of less than $10 thousand by a finance company; discount securities brokerage activities including certain securities credit and incidental activities; and consumer financial counseling.) 3/ (12/9/86) 37 Notification processed by Reserve Bank of on behalf of the Board of Governors under delegated authority. H.2, 1986, No. 50 -8- ACTIONS OF THE BOARD - Continued Kansas City Financial Holdings, Inc., Louisville, Colorado — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company) through a newly formed subsidiary, Boulder Valley National Mortgage Company, Boulder, Colorado. 3/ (12/12/86) * * * * * Approved New York Citicorp, New York, New York — for approval to engage de novo through its wholly owned subsidiary, Citicorp Futures Corporation, in the execution and clearance, on major commodity exchanges, of futures contracts on stock indexes and options on such futures contracts. (12/12/86) San Francisco Standard Chartered PLC, Standard Chartered Bank, and Standard Chartered Overseas Holdings Ltd., all of London, England; Standard Chartered Holdings, Inc., and Union Bancorp, both of Los Angeles, California — for approval to acquire H.S. Pickrell Company, Phoenix, Arizona, and thereby engage in mortgage banking. (12/9/86) * * * * * Permitted Boston First Regional Bancorp, Inc., Hartford, Connecticut — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company; a consumer finance company; and a commercial finance company). The geographic area to be served will be the state of Connecticut. 3/ (12/10/86) Cleveland Banc One Corporation, Columbus, Ohio — to establish a de novo subsidiary, Banc One Investment Management Corporation, Columbus, Ohio and to engage de novo (providing portfolio investment advice to any person) 3/ (12/7/86) 37 Notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1986, No. 50 -9- ACTIONS OF THE BOARD - Continued Richmond James Madison Limited, Washington, D.C. — to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them). These activities will be conducted in the District of Columbia, Maryland and Virginia. 3/ (12/13/86) Richmond Sovran Financial Corporation, Norfolk, Virginia — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company; selling credit life, disability, or involuntary unemployment insurance) through its subsidiary, Sovran Equity Mortgage Corporation, Richmond, Virginia. The activities would be conducted nationwide. 3/ (12/14/86) Dallas Landmark Financial Group, Inc., Fort Worth, Texas — to engage de novo (engaging in full pay-out personal property leasing) through the acquisition of Landmark Service Corporation, Fort Worth, Texas. 3/ (12/12/86) * * * * * Redemption of Shares Approved Atlanta First United Bancorporation, Inc., Florence, Alabama. 1/ (12/11/86) Chicago Lanark Bancshares, Inc, Lanark, Illinois. (12/12/86) Chicago Manufacturers National Corporation, Chicago, Illinois. 1/ (12/12/86) Chicago West Liberty Holding Company, West Liberty, Iowa. 1/ (12/12/86) St. Louis Sesser Bancorporation, Inc., Sesser, Illinois. 1/ (12/11/86) 1/ l/ Processed on behalf of the Board of Governors under delegated authority. 3/ Notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1986, No. 50 -10- ACTIONS OF THE BOARD - Continued Kansas City Bendena Bancshares, Inc., Bendena, Kansas. 1/ (12/12/86) Dallas South Taylor County Bancshares, Inc., Tuscola, Texas. 1/ (12/11/86) Dallas Southwest First Community, Inc., Beeville, Texas. 1/ (12/8/86) * * * * * Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 Approved Chicago Lanark Bancshares, Inc., Lanark, Illinois. 1/ (12/12/86) St. Louis Sesser Bancorporation, Inc., Sesser, Illinois. 1/ (12/11/86) 3/ Notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1986, No. 50 -11ACTIONS OF THE BOARD To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received Cleveland Chase Bank of Ohio, Mentor, Ohio — to establish a branch at Corporate Hill IV, 250 Old Wilson Bridge Road, Worthington, Ohio. 2/ Cleveland Chase Bank of Ohio, Mentor, Ohio — to establish a branch at Corness Center, 11311 Cornell Park Drive, Blue Ash, Ohio. 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Received New York Prime Savings Bank, Mamaroneck, New York. Atlanta Boca Interim Bank, Boca Raton, Florida. Atlanta The New Colonial Bank, Opelika, Alabama. Chicago Hinsbrook Bank and Trust, Willowbrook, Illinois (a proposed new bank) 2/ Dallas Watauga State Bank, Watauga, Texas proposed new bank) 2/ 2/ 2/ 2/ (a * * * * * To Merge Pursuant to Section 1 8 (c) of the Federal Deposit Insurance Act Received Atlanta The New Colonial Bank Opelika, Alabama — merge with Colonial Bank, Montgomery, Alabama. 2/ to * * * * * 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986, No. 50 -12- ACTIONS OF THE BOARD - Continued Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and 2 5 (a) of the Federal Reserve Act and Sections 4(c) (9), 4(c) (13) and 4(c)(14) of the Bank Holding Company Act of 1956, as amended Received New York Bankers Trust New York Corporation, New York, New York — prior notification of its intent of making an additional investment in BT Limited, a Delaware corporation with offices located in New York, New York. New York The Chase Manhattan Corporation, New York, New York — requesting an exemption from Section 23A of the Federal Reserve Act. Dallas Texas Commerce Bank, N.A., Houston, Texas — to amend the Articles of Association and reduce the capital of Texas Commerce International Bank, Houston, Texas. * * * * * To Form a Bank Holding Company Pursuant to Section 3 (a)(1) of the Bank Holding Company Act of 1956 Received New York ASB Corporation, Scarsdale, New York — for approval to acquire 100 percent of the voting shares of Prime Savings Bank, Mamaroneck, New York, a proposed new bank. 2/ Philadelphia Luzerne National Bank Corporation, Luzerne, Pennsylvania — for approval to acquire 100 percent of the voting shares of The Luzerne National Bank, Luzerne, Pennsylvania. 2/ Cleveland U.B. Bancshares, Inc., Bucyrus, Ohio — for approval to acquire 80 percent of the voting shares of United Bank, N.A., Bucyrus, Ohio. 2/ 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986, No. 50 actions -13- OF THE BOARD - Continued Atlanta CNB, Inc., Lake City, Oklahoma — for approval to acquire 100 percent of the voting shares of Community National Bank, Lake City, Florida. 2/ Chicago NBD Valley Corporation, Detroit, Michigan — for approval to acquire 100 percent of the voting shares of USAmeribancs, Inc., Highland Park, Illinois and indirectly USAMERIBANC/Chicago, Chicago, Illinois; USAMERIBANC/Elk Grove, Elk Grove Village, Illinois; The First National Bank of Highland Park, Highland Park, Illinois and Citizens Bank & Trust Company, Park Ridge, Illinois. 2/ St. Louis WIN Bancorp, Inc., Winchester, Illinois — for approval to acquire 100 percent of the voting shares of Winchester National Bank, Winchester, Illinois. 2/ Minneapolis Hartland Bancshares, Inc., Hartland, Minnesota — for approval to acquire 99.8 percent of the voting shares of Farmers State Bank of Hartland, Hartland, Minnesota. 2/ Kansas City Hillcrest Bancshares, Inc., Kansas City, Missouri — for approval to acquire 99.9 percent of the voting shares of Hillcrest Bank, Kansas City, Missouri, a proposed new bank. 2/ San Francisco W.H.E.C., Inc., Del Mar, California — for approval to acquire 100 percent of the voting shares of Capital Bank of Carlsbad, Carlsbad, California. 2/ * * * * * TJ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986, No. 50 actions -14OP THE BOARD - Continued To Expand a Bank Holding Company Pursuant to Section 3 ( a ) (3) of the Bank Holding Company Act of 1956 Received Cleveland Pikeville National Corporation, Pikeville, Kentucky — for approval to acquire 100 percent of the voting shares of First Security Bank and Trust Co., Whitesburg, Kentucky. 2/ Chicago Comerica Incorporated, Detroit, Michigan — for approval to acquire between 25.77 and up to 100 percent of the voting shares of MetroBanc, Federal Sayings Bank, Grand Rapids, Michigan. 2/ Chicago NBD Bancorp, Inc., Detroit, Michigan — for approval to acquire 100 percent of the voting shares of USAmeribancs, Inc., Highland Park, Illinois and indirectly acquire USAMERIBANC/Chicago, Chicago, Illinois; USAMERIBANC/Elk Grove, Elk Grove Village, Illinois; The First National Bank of Highland Park, Highland Park, Illinois, Citizens Bank & Trust Company, Park Ridge, Illinois. 2/ Chicago Suburban Bancorp, Inc., Palatine, Illinois — fo? approval to acquire 67 percent of the voting shares of Valley National Bank of Aurora, Aurora, Illinois. 2/ St. Louis First State Bancshares, Inc., Farmington, Missouri — for approval to acquire 100 percent of the voting shares of Iron County Security Bank, Ironton, Missouri. 2/ St. Louis Jack's Fork Bancorporation, Inc., Mountain View, Missouri — for approval to acquire 100 percent of the voting shares of the successor by merger to Farmers State Bank of Texas County, Houston, Missouri. 2/ 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986, No. 50 -15- ACTIONS OF THE BOARD - Continued Kansas City MBI Bancshares, Inc., Kansas City, Missouri — for approval to acquire 100 percent of the voting shares of Kansas City Bancshares, Inc., Kansas City, Missouri and indirectly The Bank of Kansas City, Kansas City, Missouri and Westport Bank, Kansas City, Missouri. 2/ Dallas Ranco Bancshares, Inc., Spur, Texas — for approval to acquire 40 percent of the voting shares of Sudan Bancshares, Inc., Sudan, Texas and indirectly First National Bank of Sudan, Sudan, Texas. 2/ Dallas Thompson Financial, Ltd., Fort Worth, Texas — for approval to acquire 3.18 percent of the voting shares of Texas Security Bancshares, Inc., Fort Worth, Texas and indirectly Central Bank and Trust, Fort Worth, Texas; North Fort Worth Bank, Fort Worth, Texas; and First State Bank, Grand Prairie, Texas. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4 (c) (8) of the Bank Holding Company Act of 1956 Received Boston Hartford National Corporation, Hartford, Connecticut — to acquire Lighthouse Mortgage Company, Providence, Rhode Island. Cleveland First National Pennsylvania Corporation, Erie, Pennsylvania — to engage de novo (making, acquiring, and/or servicing loans for itself or for others of the type made by a mortgage company) through East Bay Mortgage Corporation, Erie, Pennsylvania. (12/8/86) 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1986, No. 50 -16- ACTIONS OF THE BOARD - Continued Richmond Signet Banking Corporation, Richmond, Virginia — to engage de novo (selling credit life, disability, or involuntary unemployment insurance; underwriting credit life and disability insurance on consumer loans) through its subsidiary, Landmark Financial Services, Inc., Silver Spring, Maryland. The activities would be conducted nationwide. (12/11/86) Richmond South Carolina National Corporation, Columbia, South Carolina — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a consumer finance company; selling credit life, disability, or involuntary unemployment insurance; pursuant to Section 4 ( c ) (8) of the Bank Holding Company Act any insurance agency activity engaged in by a bank holding company or a subsidiary on or before May 1, 1982) through its subsidiary, Provident Financial Corporation, Columbia, South Carolina. The activities would be conducted nationwide. (12/12/86) Richmond United Virginia Bankshares, Incorporated, Richmond, Virginia — to engage in the purchase and sale of precious metals for the account of its customers through its subsidiary, United Virginia Brokerage, Incorporated, Richmond, Virginia. Chicago Bank of Montreal, Montreal, Canada; Harris Bancorp, Inc., Chicago, Illinois and Bankmont Financial Corp., New York, New York — for approval to acquire all the issued and outstanding shares of Harris Brokerage Services, Inc., Chicago, Illinois. Chicago First Michigan Bank Corporation, Zeeland, Michigan — to engage de novo (selling credit life, disability, or involuntary unemployment insurance) through its subsidiary, First Michigan Life Insurance Company, Phoenix, Arizona. (12/8/86) H.2, 1986, No. 50 -17- ACTIONS OF THE BOARD - Continued St. Louis Falkner Capital Corporation, Falkner, Mississippi — to engage de novo (selling credit life, disability, or involuntary unemployment insurance) through its subsidiary, Bank of Falkner, Falkner, Mississippi. The geographic area to be served will be the county of Tippah. (12/8/86) Minneapolis Dakota Bankshares, Inc., Fargo, North Dakota — to engage de novo in the nonbanking activity of providing data processing and data transmission services, data bases, and facilities that are for financial, banking, and economic purposes to organizations not affiliated with Applicant. Kansas City Andover Banc Shares, Inc., Andover, Kansas — to engage de novo (engaging in insurance agency activities in a town of less than 5,000 persons) through a yet to be formed subsidiary, Andover Financial Services, Inc., Andover, Kansas. (12/12/86) San Francisco The Sumitomo Bank, Ltd., Osaka, Japan — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a commercial finance company; engaging in full pay-out personal real property leasing) through its subsidiary, Sumitomo Bank Capital Markets, Inc., New York,-New York. (12/8/86) San Francisco The Tokai Bank, Limited, Nagoya, Japan — to engage de novo (advising a mortgage or real estate investment trust; advising a company registered under the Investment Company Act of 1940; providing portfolio investment advice to any person; providing economic information and advice, statistical forecasting services, and industry studies; providing financial advice to state and local governments) through Tokai Trust Company of New York, New York, New York. (12/8/86) H.2, 1986, No. 50 -1 8 - ACTIONS OF THE BOARD - Continued * * * * * Agreements Filed Pursuant to Section 8 of the Securities Exchange Act of 1934 National Australia Bank Limited has filed an agreement with the Federal Reserve Bank of New York (which is authorized to accept such agreements on behalf of the Board of Governors under delegated authority), undertaking to comply with all provisions which.relate to the use of credit to finance transactions in securities.
@FedFRASER