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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1983 No. 51 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 Received During t h e Week Ending December 24, 1983 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD R e g u l a t i o n X, a d o p t i o n of a proposal t h a t c o m p l e t e l y r e v i s e s R e g u l a t i o n X, which a p p l i e s t o borrowers who o b t a i n c r e d i t f o r t h e purpose of p u r c h a s i n g or c a r r y i n g s e c u r i t i e s (margin c r e d i t ) , e f f e c t i v e January 2 3 , 1984. (Docket No. R-0487) Consumer Advisory C o u n c i l , e i g h t new members named by t h e Board t o t h e Council t o r e p l a c e members whose t e r m s a r e e x p i r i n g , and d e s i g n a t i o n of a new Chairman and Vice Chairman, R e g u l a t i o n 0 , I n t e r e s t on D e p o s i t s , r e v i s i o n t o conform t h e r e g u l a t i o n t o r e c e n t a c t i o n s of t h e Depository I n s t i t u t i o n s D e r e g u l a t i o n Committee. The Federal Reserve Board has approved r e v i s i o n s of i t s r u l e s and amendment of r e g u l a t i o n s t o add t o t h e l i s t of a c t i v i t i e s p e r m i s s i b l e f o r United S t a t e s banking o r g a n i z a t i o n s , t h e o p e r a t i o n of a t r a v e l agency abroad and t o l i b e r a l i z e n o t i f i c a t i o n procedures r e s p e c t i n g proposed banking o r g a n i z a t i o n i n v e s t m e n t s in e x p o r t t r a d i n g companies. R e g u l a t i o n 0 , Loans t o E x e c u t i v e O f f i c e r s , D i r e c t o r s and P r i n c i p a l Shareholders of Members Banks, changes t o t h e r e g u l a t i o n t o conform t o t h e Garn-St Germain D e p o s i t o r y I n s t i t u t i o n s Act of 1983. (Docket No. R-04P6) R e g u l a t i o n K, p r o p o s a l t o implement a s e c t i o n of t h e I n t e r n a t i o n a l Lending S u p e r v i s i o n Act of 1983 r e q u i r i n g banking o r g a n i z a t i o n s t o m a i n t a i n s p e c i a l r e s e r v e s a g a i n s t c e r t a i n f o r e i g n loans or o t h e r f o r e i g n a s s e t s ; the Board requested comment by J a n u a r y 11, 1984. (Docket No. R-0498) H.2, H R 3 N 0 . 51 - 2 ACTIONS OF THE BOARD - Continued F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a , i s s u a n c e of s u b o r d i n a t e d c a p i t a l n o t e s . Union J e r s e y Bank/Southwest, Camden, New J e r s e y , prepayment of c a p i t a l n o t e s . Crow R i v e r S t a t e Bank, Delano, Minnesota, inve s tme nt in bank p r e m i s e s . Boston Washington Trust Company of W e s t e r l y , W e s t e r l y , Rhode I s l a n d , proposal t o merge with Southern Rhode I s l a n d Trust Company, W e s t e r l y , Rhode I s l a n d ; 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 . ] / New York New York National Bank, Bronx, New York, proposal t o p u r c h a s e a s s e t s and assume l i a b i l i t i e s of two branches of M a n u f a c t u r e r s Hanover T r u s t Company, New York, New York, l o c a t e d in t h e Bronx; 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 . ]_/ Philadelphia West Side Bancorp, I n c . , West P i t t s t o n , P e n n s y l v a n i a , e x t e n s i o n of time t o March 22, 1984, w i t h i n which t o form 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 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 West Side Bank, P i t t s t o n , P e n n s y l v a n i a . ]_/ Cleveland Ohio Bank and Savings Company, F i n d l a y , Ohio, investment in bank p r e m i s e s . V Richmond F i r s t National B a n k s h a r e s , I n c . , Emporia, V i r g i n i a , e x t e n s i o n of t i m e t o January 29, 1984, w i t h i n which t o 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 The F i r s t National Bank of Emporia, Emporia, V i r g i n i a . ]_/ Richmond Community B a n c s h a r e s , I n c . , P r i n c t o n , West V i r g i n i a , e x t e n s i o n of time t o March 28, 1984, (1) t o a c q u i r e Adrian Buckhannon Bank, Buckhannon, West V i r g i n i a , and (2) t o a c q u i r e Upshur National Bank, Buckhannon, West V i r g i n i a . V Richmond One Valley Bancorp of West V i r g i n i a , I n c . , C h a r l e s t o n , West V i r g i n i a , e x t e n s i o n of time to March 26, 1984, w i t h i n which t o a c q u i r e One Valley National Bank of Kanawha C i t y , Kanawha, West V i r g i n i a . ]_/ T? ^ 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.?, 1983 No. 51 - 3 ACTIONS OF THE BOARD - Continued Atlanta County National Bank of South F l o r i d a , North Miami, F l o r i d a , proposed merger with County I n t e r i m National Bank, North Miami Beach, F l o r i d a ; 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 . J_/ Atlanta C i t i z e n s Bank and Trust Company of Grainger County, R u t ! e d g e , T e n n e s s e e , proposed merger with C i t i z e n s I n t e r i m Bank, R u t l e d g e , Tennessee; 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 factors. V Atlanta Northern Bank of Tennessee, C I a r k s v i 1 1 e , Tennessee, proposed merger with NBT Bank, C l a r k s v i l l e , Tennessee; 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 . ]_/ Atlanta Bunkie Bank & Trust Company, Bunkie, L o u i s i a n a , proposed merger with New Bunkie Bank & T r u s t Company, Bunkie, L o u i s i a n a ; r e p o r t t o t h e Federal Deposit 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 . ]_/ Atlanta M e t r o p o l i t a n Bank & Trust Company, Baton Rouge, L o u i s i a n a , proposed merger with MBT Bank & T r u s t Company, Baton Rouge, L o u i s i a n a ; 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 . ]_/ Atlanta PIaquemine Bank & Trust Company, Plaquemine, L o u i s i a n a , proposed merger with Plaquemine I n t e r i m Bank, Plaquemine, L o u i s i a n a ; r e p o r t t o t h e Federal Deposit 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 . ]_/ Atlanta Bank of K n o x v i l l e , K n o x v i l l e , Tennessee, proposed merger with Third National Bank of K n o x v i l l e , K n o x v i l l e , Tennessee; 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 . J / Atlanta Bank of S e v i e r v i l l e , S e v i e r v i l 1 e , Tennessee, proposed merger with Third National Bank in S e v i e r c o u n t y , S e v i e r v i l l e , Tennessee; 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 . ]_/ Chicago F i r s t of America Bank S t r a i t s Area, Cheboygan, Michigan, investment in bank p r e m i s e s . 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 t h e Board of Governors under delegated a u t h o r i t y . H.2, 1983 No. 51 - 4 ACTIONS OF THE BOARD - Continued Chicago Fort Madison Bank and Trust Company, Fort Madison, Iowa, i n v e s t m e n t in bank p r e m i s e s . ]_/ Chicago C i t i z e n s Holding Company, Park Ridge, I l l i n o i s , e x t e n s i o n of time t o April 19, 1984, w i t h i n which t o become a bank holding company through t h e a c q u i s i t i o n of 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 C i t i z e n s Bank & T r u s t Company, Park Ridge, II1 i n o i s . ]_/ S t . Louis Merchants S t a t e Holding Company, Humboldt, Tennessee, e x t e n s i o n of time t o February 18, 1984, w i t h i n which t o 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 Merchants S t a t e Bank, Humboldt, Tennessee. ]_/ S t . Louis Chemical Bank, Sweet S p r i n g s , M i s s o u r i , d e c l a r a t i o n of d i v i d e n d . ]_/ Kansas C i t y Mission Bank, M i s s i o n , Kansas, proposed merger with C e n t e n n i a l Bank and T r u s t , M i s s i o n , Kansas; 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_/ Kansas City Mark Twain Empire Bank, Kansas C i t y , M i s s o u r i , proposed merger with Mark Twain Plaza Bank, Kansas C i t y , M i s s o u r i ; r e p o r t t o t h e Federal Deposit 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 . J_/ Kansas City Union Bank and T r u s t , B a r t l e s v i 1 1 e , Oklahoma, proposed merger with The Dewey-Bank, Dewey, Oklahoma; 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 Kansas Banco de Vizcaya, S . A . , B i l b a o , S p a i n , e x t e n s i o n of time t o April 3, 1984, w i t h i n which t o a c q u i r e New Mexico Banquest I n v e s t o r s C o r p o r a t i o n , Santa Fe, New Mexico. _]_/ City Kansas City E q u i t a b l e Bankshares of Colorado, I n c . , Denver, Colorado, e x t e n s i o n of time t o March 21, 1984, w i t h i n which t o a c q u i r e EquiBank - South N.A., Arapahoe County, Colorado. 2 / San Francisco SDC Federal C r e d i t Union, Los Angeles, C a l i f o r n i a , t e r m i n a t i o n of r e g i s t r a t i o n . ]_/ T/ ~~ 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, 1 9 8 3 N o . 51 - 5 ACTIONS OF THE BOARD - Continued San Francisco P a c i f i c H e r i t a g e Bank, T o r r a n c e , C a l i f o r n i a , e x t e n s i o n of t i m e t o April 22, 1985, w i t h i n which t o e s t a b l i s h a branch o f f i c e in t h e v i c i n i t y of F i r s t S t r e e t and San Pedro S t r e e t in t h e L i t t l e Tokyo D i s t r i c t , Los A n g e l e s , C a l i f o r n i a . ]_/ San Francisco F i r s t P r o f e s s i o n a l Bank, N.A., Santa Monica, C a l i f o r n i a , proposed a c q u i s i t i o n of a s s e t s and assumption of s u b s t a n t i a l l y a l l d e p o s i t l i a b i l i t i e s of t h e Beverly H i l l s branch of Redwood Bank, Beverly H i l l s , C a l i f o r n i a , under t h e c h a r t e r and t i t l e of t h e f o r m e r ; 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 . 1/ T7 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.?, 19^3 No. Si - 6 ACT30NS OF THE BOARD - Continued 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 Federal Reserve Act Philadelphia Approved G i r a r d Bank, Bala Cynwyd, P e n n s y l v a n i a , t o e s t a b l i s h a Remote S e r v i c e F a c i l i t y a t t h e P h i l a d e l p h i a I n t e r national Airport, Philadelphia, Pennsylvania. ] / Philadelphia G i r a r d Bank, Bala Cynwyd, P e n n s y l v a n i a , t o e s t a b l i s h a Remote S e r v i c e F a c i l i t y a t Texaco S e r v i c e S t a t i o n , 1551 Wadsworth Avenue, P h i l a d e l p h i a , P e n n s y l v a n i a . ]_/ Philadelphia G i r a r d Bank, Bala Cynwyd, P e n n s y l v a n i a , t o e s t a b l i s h a r e t a i l banking f a c i l i t y a t San Road and West B u t l e r Avenue, West B r i t a i n , P e n n s y l v a n i a . V Philadelphia The Bank of New J e r s e y , Moorestown, New J e r s e y , t o e s t a b l i s h a new ATM s i t e t o be l o c a t e d a t t h e new e n t r a n c e of t h e Medford T h r i f t w a y S t o r e a t 666 Stokes Road, Medford, New J e r s e y . ]_/ Richmond Bank of V i r g i n i a , Richmond, V i r g i n i a , f o r permission t o e s t a b l i s h a branch a t 610 Thimble Shoals Boulevard, Newport News, V i r g i n i a . V i ! F i r s t V i r g i n i a Bank, F a l l s Church, V i r g i n i a , f o r 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 1033 North F a i r f a x S t r e e t , Alexandria, Virginia. ] / Chicago Commercial S t a t e Savings Bank, G r e e n v i l l e , Michigan, f o r approval t o e s t a b l i s h a branch a t t h e unnumbered l o t of t h e e a s t e r n s i d e of Sheridan Road between t h e S t a n t o n Valley boundary l i n e on Kles Road, G r e e n v i l l e , Michigan. 1/ Chicago A m e r i c a Bank - D e t r o i t , D e t r o i t , Michigan, t o e s t a b l i s h an &FT t o he l o c a t e d a t D e t r o i t M e t r o p o l i t a n A i r p o r t , / s y n e County Road Commission, D e t r o i t , Michigan. ]_/ T/ f diithnritf. on b e h a l f of t h e Board of Governors under H.P. - 7'i ' - P / - Continued ' *, ' \ " , . T s . ^ r j . . Cht^^c of Control if Control Art of 1978 : h 'T - " s 4 . » p r n v ^ Ka*isc< r ^ y Kansas I n c . * Broken Bow, Nebraska. V - ' : - * ^ u s ^ o g e e , I n c . , Muskogee, Oklahoma. 2 / r:ty *^fnc<hares. I n c . , Lawrence, Kansas. 1/ ?r f >taM Kos# " French of a Member Bank rf t h e Federal Reserve Act ^te ^tr.-et i < c an/i ^ n . s t Company, Boston, M a s s a c h u s e t t s : rn - s f ^ b * i s h a branch in London, England. * i * * ^ n < ^ f ^4 «i' *y E ' t . ' S ^ n t t o S e c t i o n Curpany Act of 1956 A;rrov*»d n*»<r<'* ' r / i n q s Bank C o r p . , Concord, New Hampshire, f t " ^jprnv*!: »o inn p e r c e n t of t h e v o t i n g s h a r e s ? %* * Punk, Concord, New Hampshire. 2 / New York The u x m e r c i a * ^an< r f Korea, L t d . , S e o u l , Korea, f o r !*prr iv,:»i In 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 n* r r.;f«mrrcMl Bank of New York, New York, New j py^rrsf:-:! n^w b a n k . New York , ^ m , ; r i + y ^ark Sysf e r \ I n c . , Canton, New York, f o r ^ cc ; . : r r i()C p e r c e n t of t h e v o t i n g sr.^rs i r e < ' ; c c e s s o r s hy merger t o The S t . Lawrence N a M c ^ l Bank, Canton, New York and The F i r s t Nfi ;nn,!i Ra^k of Ovid, Ovid, New York. At^ anta *,y: \ r r , ] C ( , r T7 Ringgold, G e o r g i a , f o r -n a c q u i r e up t o 100 p e r c e n t of t h e v o t i n g s h j r >$ - f \ n r f h w e s t Georgia Bank, Ringgold, G e o r g i a . 1/ Application processen delegated a u t h o r i t y . of t h e Board of Governors under H . ? , 1983 No. 51 - 8 ACTIONS OF THE BOARD - Continued Chicago F i r s t Midwest C o r p o r a t i o n of Delaware, Elmwood P a r k , I l l i n o i s , 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 Midwest Bank and T r u s t Company, Elmwood P a r k , II1inois. ] / Chicago Kewaunee County B a n c - S h a r e s , I n c . , Kewaunee, 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 of t h e v o t i n g s h a r e s of S t a t e Bank of Kewaunee, Kewaunee, Wisconsin. J / S t . Louis The Farmers and Merchants B a n k s h a r e s , I n c . , S t u t t g a r t , A r k a n s a s , 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 Farmers and Merchants Bank, S t u t t g a r t , Arkansas, j J S t . Louis S p r i n g f i e l d B a n k s h a r e s , I n c . , S p r i n g f i e l d , 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 S p r i n g f i e l d S t a t e Bank, S p r i n g f i e l d , Kentucky. V S t . Louis Twin C i t y B a n c s h a r e s , I n c . , North L i t t l e Rock, Arkansas, f o r approval t o a c q u i r e a t l e a s t 92.54 p e r c e n t of t h e v o t i n g s h a r e s of Twin City Bank, North L i t t l e Rock, A r k a n s a s . J_/ Minneapolis ASB Bank Holding Company, P i e r r e , South Dakota, f o r approval t o a c q u i r e 8 1 . 4 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 S t a t e Bank of P i e r r e , P i e r r e , South Dakota. Dallas Farmers B a n c s h a r e s , I n c . , C e n t e r , 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 Farmers S t a t e Bank, C e n t e r , Texas. ]_/ Dallas F i r s t Groesbeck Holding Company, Groesbeck, 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 F i r s t National Bank, Groesbeck, Texas. V Dallas T N B a n c s h a r e s , I n c . , El Paso, 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 Texas National Bank, El Paso, Texas. 1/ T/ " 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 . ? , 1983 No. 51 - 9 ACTIONS OF THE BOARD - Continued San Francisco Denied M.S. Holding Company, L t d . , Tel Aviv, I s r a e l ; S.H. Resources and Development C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a ; and C o r p o r a t i o n f o r I n t e r n a t i o n a l A g r i c u l t u r a l P r o d u c t i o n L i m i t e d , Ramat-Gan, I s r a e l , f o r approval t o a c q u i r e 80.4 p e r c e n t of t h e v o t i n g s h a r e s of Empire S t a t e Bank of Layton, Layton, Utah. • * * * * To Expand a Bank Holding Company Pursuant t o Section 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956 Boston Approved New Hampshire Savings Bank C o r p . , Concord, New Hampshire, 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 Rockingham County Trust Company, Salem, New Hampshire. ]_/ Cleveland Pennbancorp, T i t u s v i l l e , 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 5 t o 12 p e r c e n t of t h e v o t i n g s h a r e s of Bucks County Bank and Trust Co.; Easton National Bank and T r u s t Co.; S o u t h e a s t National Bancshares of PA, The Third National Bank and T r u s t Company of S c r a n t o n ; Wi11iamsport National Bank; Ephrata National Bank; Nazareth National Bank and Trust Co.; Producers Bank and T r u s t Company; Union Bank and Trust Company of Eastern PA; The Cheltenham Bank; Penn Central National Bank of Huntingdon; The R u s s e l l National Bank and Commonwealth National F i n a n c i a l C o r p o r a t i o n , H a r r i s b u r g , P e n n s y l v a n i a and i n d i r e c t l y Comonwealth National Bank, Harrisburg, Pennsylvania. S t . Louis TCBankshares, I n c . , North L i t t l e Rock, A r k a n s a s , f o r approval t o a c q u i r e a t l e a s t 9 7 . 3 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 B & T B a n c s h a r e s , F l i p p i n g Arkansas and i n d i r e c t l y C i t i z e n s Bank and T r u s t Company, F1 i p p i n , A r k a n s a s . J_Z Dallas Independent B a n k 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 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 n f o r d B a n c s h a r e s , I n c . , Fort Worth, Texas, and S t a n f o r d F i n a n c i a l C o r p o r a t i o n , Fort Worth, Texas, and i n d i r e c t l y The F i r s t National Bank in S t a m f o r d , S t a m f o r d , Texas. J_/ 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 . i H.2, 1983 No. 51 - 1 0 - ACTIONS OF THE BOARD - Continued Dallas Independent B a n k 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 t h e s u c c e s s o r by merger t o S t a t e B a n c s h a r e s , I n c . , L i t t l e f i e l d , Texas, and i n d i r e c t l y S e c u r i t y S t a t e Bank, L i t t l e f i e l d , Texas; Olton S t a t e Bank, 01 t o n , Texas; West Texas B a n c s h a r e s , I n c . , Muleshoe, Texas, and i n d i r e c t l y Muleshoe S t a t e Bank, Muleshoe, Texas. * * * * * 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 Approved PNC F i n a n c i a l Corp, 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 Marine Bancorp, I n c . , E i r e , Pennsylvania and i n d i r e c t l y a c q u i r e Marine Bank, Warren, Pennsylvania. * * * * * To Expand a Bank Holding Company Pursuant t o Section 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956 Boston New York 1/ Approved New Hampshire Savings Bank C o r p . , Concord, New Hampshire, f o r approval t o r e t a i n New England F i n a n c i a l R e s o u r c e s , I n c . , Avon, C o n n e c t i c u t ; Real E s t a t e C o n s u l t a n t s of New England, I n c . , Concord, New Hampshire, both of which a r e nonbanking s u b s i d i a r i e s of New Hampshire Savings Bank Corp, and W-E Management Company, Concord, New Hampshire; New England C a p i t a l C o r p o r a t i o n , Avon, C o n n e c t i c u t ; C o n s u l t i n g and Systems Management C o r p o r a t i o n , Concord, New Hampshire; and POCKETBANK, I n c . , Manchester, New Hampshire, a l l of which a r e nonbanking s u b s i d i a r i e s of New Hampshire Savings Bank. J_/ F u j i Bank, L i m i t e d , Tokyo, J a p a n , f o r approval t o a c q u i r e a l l of t h e v o t i n g s h a r e s of Walter E. H e l l e r and Company, Chicago, I l l i n o i s . A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under delegated a u t h o r i t y . H.2, 1 9 8 3 N o . 51 -11 ACTIONS OF THE BOARD - Continued New York N o r s t a r Bancorp, I n c . , Albany, New York, f o r approval of expansion of t h e s e r v i c e a r e a of i t s s u b s i d i a r y , N o r l i f e R e i n s u r a n c e Company, Phoenix, A r i z o n a , t o r e i n s u r e c r e d i t l i f e , h e a l t h and a c c i d e n t i n s u r a n c e sold in c o n n e c t i o n with e x t e n s i o n s of c r e d i t by t h e bank s u b s i d i a r i e s of A p p l i c a n t ' s s u b s i d i a r y , Northeast Bancshare A s s o c i a t i o n , P o r t l a n d , Maine. Cleveland PNC F i n a n c i a l C o r p . , 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 expand t h e d a t a p r o c e s s i n g a c t i v i t i e s of i t s i n d i r e c t nonbank s u b s i d i a r y , L.S. Consulting C o r p . , doing b u s i n e s s as L i t t l e w o o d , Shain & Company, Wayne, P e n n s y l v a n i a . ]_/ Richmond F i r s t Union C o r p o r a t i o n , C h a r l o t t e , North C a r o l i n a , f o r approval t o a c q u i r e Dis-Com S e c u r i t i e s , I n c . , H a l l a n d a l e , F l o r i d a , a company t h a t would engage in s e c u r i t i e s brokerage s e r v i c e s . V San Francisco F i r s t P a c i f i c Investments L i m i t e d , C e n t r a l , Hong Kong, f o r approval t o engage de novo in lending loan s e r v i c i n g and s a l e of c r e d i t - r e l a t e d l i f e , h e a l t h , a c c i d e n t and unemployment i n s u r a n c e through a d i r e c t s u b s i d i a r y , P a c i f i c F i r s t Mortgage C o r p o r a t i o n , P l e a s a n t o n , C a l i f o r n i a . San Francisco New York T7 Delayed TRABANC, S a l t Lake C i t y , Utah, n o t i f i c a t i o n of i n t e n t engage in de novo a c t i v i t i e s ( i n t h e l e a s i n g of p e r s o n a l p r o p e r t y and r e l a t e d a c t i v i t i e s normally i n c i d e n t a l t h e r e t o ) a t 107 South Main S t r e e t , S a l t Lake C i t y , Utah, s e r v i n g Utah, Idaho and Wyoming, through i t s s u b s i d i a r y , TRALEASE ( 1 2 / 1 / 8 3 ) Permitted 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 e s t a b l i s h two de novo o f f i c e s engaging in t h e f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r 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 or u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; 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 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 ; t h e s a l e of consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; t h e s e r v i c i n g , f o r any p e r s o n , 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 ; t h e 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 f o r t h e account of o t h e r s , of 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 . ACTIONS OF ?HF ROARD - Continued e x t e n s i o n s cf c r e d i t t o i n d i v i d u a l s secured by l i e n s cm r e s i d e n t i a l o r n o n - r e s i d e n t i a l r e a l e s t a t e ; and t h e s a l e of mortgage l i f e and mortgage 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 e x t e n s i o n s of mortgage l o a n s ) a : 202 Midland M a l l , Bald H i l l Road and East Avenue, Warwick, Rhode I s l a n d , t h r o u g h i t s s u b s i d i a r i e s , C i t i c o r p Person-to-Person Financial Center, I n c . , (Delaware) and C i t i c o r p Homeowners, I n c . ( 1 2 / 1 8 / 8 3 ) 2 / Philadelphia CoreStates Financial Corp., Philadelphia, Pennsylvania, 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 o r i g i n a t i o n of FHA, VA and c o n v e n t i o n a l r e s i d e n t i a l mortgage l o a n s and second mortgage l o a n s ) a t 1612 P r o s s e r Avenue, S u i t e 310, Dayton, Ohio, t h e proposed new o f f i c e w i l l conduct t h e f o r e g o i n g a c t i v i t i e s in t h e S t a t e s of Ohio, Kentucky and P e n n s y l v a n i a , through i t s s u b s i d i a r y , Colonial Mortgage S e r v i c e Company A s s o c i a t e s , I n c . ( 1 2 / 2 0 / 8 3 ) Richmond Dominion Bankshares C o r p o r a t i o n , 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 ( 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 , 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 ; s e r v i c i n g such loans f o r o t h e r s ; and in t h e s a l e of c r e d i t l i f e i n s u r a n c e , c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e , c r e d i t d i s 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 w i t h such mortgage l o a n s , through i t s s u b s i d i a r y , Dominion Bankshares Mortgage C o r p o r a t i o n ; and a c t i n g a s i n s u r a n c e agent or b r o k e r with r e s p e c t t o c r e d i t l i f e i n s u r a n c e * c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e , c r e d i t d i s 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 r e l a t e d t o o r a r i s i n g out of l o a n s made or c r e d i t t r a n s a c t i o n s i n v o l v i n g Dominion Bankshares Mortgage C o r p o r a t i o n , through i t s s u b s i d i a r y , Dominion Bankshares S e r v i c e s , I n c . ) a t 3819-G South George Mason Drive, Baileys Crossroads, Virginia (12/24/83) Richmond Maryland N a t i o n a l C o r p o r a t i o n , 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 in de novo a c t i v i t i e s (engaging g e n e r a l l y in t h e b u s i n e s s of a mortgage b a n k e r , mortgage b r o k e r and mortgage s e r v i c i n g f i r m : o r i g i n a t i n g , b u y i n g , s e l l i n g and o t h e r w i s e d e a l i n g in mortgage l o a n s as p r i n c i p a l or a g e n t ; s e r v i c i n g mortgage l o a n s f o r a f f i l i a t e d or n o n a f f i l i a t e d e n t i t i e s ; a c t i n g as a d v i s e r in mortgage loan t r a n s a c t i o n s ; and in t h e s a l e as agent of c r e d i t l i f e , c r e d i t ?/ 4 f c ) f # ) 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 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, 1 9 P 3 N o . 51 -13ACTIONS OF THE BOARD - Continued d i s a b i l i t y 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 in c o n n e c t i o n with e x t e n s i o n s of c r e d i t by bank and nonbank s u b s i d i a r i e s of t h e h o l d i n g company) a t 537 R i t c h i e Highway, Severna P a r k , Maryland, through i t s s u b s i d i a r y , Maryland National Mortgage C o r p o r a t i o n ( 1 2 / 2 1 / 8 3 ) Richmond Northwestern F i n a n c i a l C o r p o r a t i o n , North Wilkesboro, 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 t o engage in 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 f i r s t mortgage l o a n s such as would be made by a mortgage banking company) a t Spreading Branch D r i v e , Columbia, South C a r o l i n a , through i t s s u b s i d i a r y , Northwestern Mortgage C o r p o r a t i o n ( 1 2 / 2 4 / 8 3 ) 3/ Minneapolis Norwest C o r p o r a t i o n , 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 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 f i n a n c e , s a l e s f i n a n c e and commercial f i n a n c e , 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 p r o p e r t y and c r e d i t - r e l a t e d 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 by t h a t company [such 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 being a p e r m i s s i b l e a c t i v i t y under Subparagraph D of T i t l e VI of t h e Garn-St Germain Depository I n s t i t u t i o n s Act of 1982] and t h e o f f e r i n g f o r s a l e and s e l l i n g of t r a v e l e r s c h e c k s ) from 100 McMillan D r i v e , Poppy Square, S p a r t a n b u r g , South C a r o l i n a t o Spartan C e n t r e , 101 West S t . John S t r e e t , S u i t e 101, S p a r t a n b u r g , South C a r o l i n a , s e r v i n g S p a r t a n b u r g , South C a r o l i n a , through i t s subs i d i a r y , Norwest F i n a n c i a l South C a r o l i n a , I n c . ( 1 2 / 2 3 / 8 3 ) 2 / Minneapolis Norwest C o r p o r a t i o n , 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 t s 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 t h e a c t i v i t i e s of consumer f i n a n c e , s a l e s f i n a n c e and commercial f i n a n c e , 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 p r o p e r t y and c r e d i t - r e l a t e d 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 by t h a t company [such 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 being a p e r m i s s i b l e a c t i v i t y under Subparagraph D of T i t l e VI of t h e Garn-St Germain Depository I n s t i t u t i o n s Act of 1982) and t h e o f f e r i n g f o r s a l e and s e l l i n g of t r a v e l e r s checks) from 1308 South Second S t r e e t , S p r i n g f i e l d , I l l i n o i s t o 2476 Wabash Avenue, S p r i n g f i e l d , I l l i n o i s , s e r v i n g S p r i n g f i e l d , I l l i n o i s , and o t h e r nearby communities, through i t s s u b s i d i a r y , Norwest F i n a n c i a l I l l i n o i s , I n c . , and from 710 South Washington S t r e e t , Unit #4, Grand F o r k s , North Dakota t o 2500-R South Columbia Road, 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 Rank on b e h a l f 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, 1993 No. 51 - 14 ACTIONS OF THE BOARD - Continued Grand F o r k s , North Dakota, s e r v i n g Grand F o r k s , North Dakota, and nearby communities, through i t s s u b s i d i a r y , Norwest F i n a n c i a l North Dakota, I n c . , and from 30 Echo P l a z a , S p r i n g f i e l d , New J e r s e y t o 675 Morris Avenue, S u i t e 105, S p r i n g f i e l d , New J e r s e y , s e r v i n g S p r i n g f i e l d , New J e r s e y , and nearby communities, through i t s s u b s i d i a r y , Norwest F i n a n c i a l New J e r s e y , I n c . Norwest F i n a n c i a l New J e r s e y , I n c . , will not engage in t h e s a l e of 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 i t s e x t e n s i o n s of c r e d i t (12/20/83) 2 / Dallas Broadway Bancshares I n c . , San Antonio, Texas, 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 underw r i t i n g of 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 e x t e n s i o n s of c r e d i t by i t s s u b s i d i a r i e s ) t h e a c t i v i t i e s would be conducted in t h e S t a t e of Texas, through i t s s u b s i d i a r y , Broadway National L i f e Insurance Company ( 1 2 / 2 2 / 8 3 ) 3/ 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 , 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 n t h e a c t i v i t i e s of s e c u r i t i e s b r o k e r a g e , c o n s i s t i n g p r i n c i p a l l y of buying and s e l l i n g s e c u r i t i e s s o l e l y upon t h e o r d e r and f o r t h e account of c u s t o m e r s , and of e x t e n d i n g margin c r e d i t in c o n f o r m i t y with R e g u l a t i o n T) a t One Oakbrook T e r r a c e , Oakbrook, I l l i n o i s , and 800 F i f t h Avenue #101, S e a t t l e , Washington, s e r v i n g a l l f i f t y S t a t e s and t h e D i s t r i c t of Columbia, t h r o u g h i t s s u b s i d i a r y , Charles Schwab & Co., I n c . ( 1 2 / 2 0 / 8 3 ) 3/ San Francisco Home I n t e r s t a t e Bancorp, Signal H i l l , 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 ( i n 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 , 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 [ i n c l u d i n g i s s u i n g l e t t e r s of c r e d i t and a c c e p t i n g d r a f t s ] , such as would be made, f o r example, by a m o r t g a g e , f i n a n c e , c r e d i t c a r d , o r f a c t o r i n g company; 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 t o t h e e x t e n t of f u r n i s h i n g general economic i n f o r m a t i o n and a d v i c e , g e n e r a l economic s t a t i s t i c a l f o r e c a s t i n g s e r v i c e s , and i n d u s t r y s t u d i e s t o b u s i n e s s concerns seeking h e l p with such m a t t e r 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 t o t h e e x t e n t of p r o v i d i n g p o r t f o l i o i n v e s t m e n t a d v i c e e x c l u s i v e l y t o Bancorp Venture C a p i t a l , I n c . , a s u b s i d i a r y c o r p o r a t i o n of Home 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 by Reserve Bank on b e h a l f 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, 1983 No. 51 - 15 ACTIONS OF THE BOARD - Continued I n t e r s t a t e Bancorp; and l e a s i n g personal 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 in a c c o r d a n c e with R e g u l a t i o n Y; t h e f o r e g o i n g s e r v i c e s w i l l be provided p r i n c i p a l l y t o emerging small b u s i n e s s c o n c e r n s ; l e a s i n g a c t i v i t i e s w i l l i n c l u d e l e a s e s f o r c a p i t a l equipment, f o r example, t r a d e f i x t u r e s , p r o d u c t i o n equipment, and r o l l i n g s t o c k , t h e l e a s e t r a n s a c t i o n s a r r a n g e d by Home I n t e r s t a t e F i n a n c i a l S e r v i c e s , I n c . , w i l l be with p r i v a t e l y owned b u s i n e s s e s in t h e r e t a i l i n g , w h o l e s a l i n g , and m a n u f a c t u r i n g i n d u s t r i e s ) a t 2633 Cherry Avenue, Signal H i l l , C a l i f o r n i a , s e r v i n g t h e S t a t e of C a l i f o r n i a , through i t s s u b s i d i a r y , Home I n t e r s t a t e s F i n a n c i a l S e r v i c e s , I n c . ( 1 2 / 2 3 / 8 3 ) 3/ San Francisco Moore F i n a n c i a l Group I n c o r p o r a t e d , B o i s e , Idaho, 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 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 commercial or noncommercial f i n a n c i a l company or mortgage company, i n c l u d i n g l o a n s secured by a b o r r o w e r ' 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 , r e a l p r o p e r t y , or o t h e r a s s e t s ; 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 making l e a s e s of r e a l or p e r s o n a l p r o p e r t y in accordance with t h e B o a r d ' s R e g u l a t i o n Y) in B o i s e , Idaho; S a l t Lake C i t y , Utah; and B e a v e r t o n , Oregon, t h e s e a c t i v i t i e s would be performed in t h e S t a t e s of Idaho, Utah and Oregon, t h r o u g h i t s s u b s i d i a r y , Moore Corporate F i n a n c i a l S e r v i c e s , I n c . ( t o be renamed Moore F i n a n c i a l S e r v i c e s , I n c . ) ( 1 2 / 2 4 / 8 3 ) 3/ San Francisco S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n c e r t a i n t r u s t company a c t i v i t i e s , i n c l u d i n g a c t i n g as t r u s t e e , e x e c u t o r , c o n s e r v a t o r , a d m i n i s t r a t o r , g u a r d i a n , managing a g e n t , c u s t o d i a n or in o t h e r s i m i l a r c a p a c i t i e s and p r o v i d i n g i n v e s t ment or f i n a n c i a l a d v i c e t o i n s t i t u t i o n s and i n d i v i d u a l s ) a t 333 South Hope S t r e e t , Los A n g e l e s , C a l i f o r n i a ; 500 Newport Center D r i v e , Newport Beach, C a l i f o r n i a ; 1200 Third Avenue, San Diego, C a l i f o r n i a and One Embarcadero C e n t e r , San F r a n c i s c o , C a l i f o r n i a , s e r v i n g t h e United S t a t e s through i t s s u b s i d i a r y , P a c i f i c Century Group, a t r u s t company o r g a n i z e d p u r s u a n t t o t h e C a l i f o r n i a F i n a n c i a l Code ( 1 2 / 2 4 / 8 3 ) 3/ "37 4 ( c ) (y) 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 behal f 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 . • P . ? , MP? No. 51 • - 16 - ACTIONS OF THE BOARD - Continued Sen Francisco Valley National C o r p o r a t i o n , Phoenix, A r i z o 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 consumer 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 on a secured and unsecured b a s i s f o r i t s own account and t h e account of o t h e r s such as would be made by a consumer f i n a n c e company; t o engage in t h e a c t i v i t y of a c q u i r i n g consumer 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 on a s e c u r e d and unsecured b a s i s f o r i t s own account and t h e account of o t h e r s such as would be a c q u i r e d by a s a l e s f i n a n c e company; t o engage in t h e a c t i v i t y of making consumer l e a s e s f o r i t s own account and t h e account of o t h e r s such as would be made by a l e a s e f i n a n c i n g company; t o engage in t h e a c t i v i t y of a c q u i r i n g consumer l e a s e s f o r i t s own account and t h e account of o t h e r s such as would be a c q u i r e d by a l e a s e f i n a n c i n g company; t o engage in t h e a c t i v i t y of f i n a n c i n g t h e i n v e n t o r y of motor v e h i c l e d e a l e r s by p r o v i d i n g f l o o r plan f i n a n c i n g f o r i t s own account and t h e account of o t h e r s such as would be made by a commercial f i n a n c e company; and t o engage in t h e a c t i v i t y of a c t i n g as agent or b r o k e r with regard 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 ) in Oklahoma C i t y , Oklahoma, s e r v i n g t h e S t a t e of Oklahoma, through i t s s u b s i d i a r y , Valley National F i n a n c i a l S e r v i c e s Company of Oklahoma ( 1 2 / 2 4 / 8 3 ) 2 / * * * * * A p p l i c a t i o n t o t h e Board of Governors of t h e Federal Reserve System f o r P r i o r Approval of an A c q u i s i t i o n Pursuant t o S e c t i o n 5(b) of t h e Bank S e r v i c e C o r p o r a t i o n A c t , as Amended St. louis Approved L i b e r t y National Bank and Trust Company of L o u i s v i l l e , L o u i s v i l l e , Kentucky, f o r approval t o engage in t h e u n d e r w r i t i n g of c r e d i t i n s u r a n c e t h r o u g h i t s s u b s i d i a r y , LNB L i f e I n s u r a n c e Company, L o u i s v i l l e , Kentucky. cTclTxl n o t i M r a r i f n p r o c e s s e d by Reserve Bank on behalf of t h e CnvArnors under d e l e g a t e d a u t h o r i t y . -17- H.2, 1983 No. 51 APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant t o Section 9 of t h e Federal Reserve Act Philadelphia United Jersey Bank/Southwest, Camden, New J e r s e y , t o 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 a t 152 Boulevard, Hasbrouek H e i g h t s , New J e r s e y . 2/ Chicago Michigan Bank-Port Huron, Port Huron, Michigan, t o e s t a b l i s h an EFT a t Marwi1 Bookstore, 4870 Cass Avenue, D e t r o i t , Michigan. 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act San Francisco Pioneer Bank, F u l l e r t o n , C a l i f o r n i a . San Francisco P a c i f i c Island Bank, Anaheim, C a l i f o r n i a . 2/ * * * * * To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant t o S e c t i o n 25 of t h e Federal Reserve Act New York Citibank, N.A., New York, New York: prior 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 two i n i t i a l branches in Bangkok, T h a i l a n d . * * * * * To Form a Rank Holding Company Pursuant t o Section 3 ( a ) ( 1 ) of the Rank Holding Company Act of 1956 Philadelphia First National Bancorp, I n c . , Centre Hall, Pennsylvania, for approval to acquire 100 percent of the voting shares of The First National Bank of Centre Hall, Centre H a l l , Pennsylvania. AppTTfation subject to Community Reinvestment Act. 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 contacted as m the length of the comment p e r i o d . I n.r, s' ~ la RECEIVED * Continued neveWnd H r s t / e s t e r r Pennbancorp, Inc.* New C a s t l e , Pennsylvania, for approval t o acquire TOO percent of the voting shares of F i r s t National Bank of Western Pennsylvania, New C a s t l e , Pennsylvania. 2/ Pic F i r s t ^anc S e c u r i t i e s * I n c . , Morgantown, West 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 F i r s t National Rank of Morgantown, Morgantown, West V i r g i n i a . 2/ " Chicago Avenue Financial Corporation, Oak Park, I l l i n o i s , for prcval to merge with Transworld Delaware Corp., !_jfe F o r e s t , I l l i n o i s , the s u c c e s s o r by merger to "ransworld Corp., Lake F o r e s t , I l l i n o i s and i n d i r e c t l y acquire 32.7 percent of Dempster Plaza S t a t e Bank, Wiles, I l l i n o i s and 92.8 percent of The Northlake Bank, Northlake, I l l i n o i s ; and acquire 93.5 percent of Avenue Bank of Elk Grove, Elk Grove V i 1 l a g e , I I l i n o i s . 2/ S t . Louis Maries County Bancorp., I n c . , Vienna, Missouri, for approval to acquire at l e a s t 83.1 percent of the voting shares of Maries County Bank, Vienna, Missouri and 9 7 . 9 percent of the shares of B e l l e S t a t e Bank, B e l l e , M i s s o u r i . 2/ S t . Louis r ^ Rankshares, I n c . , Mena, Arkansas, for approval f acquire at l e a s t 80 percent of the voting shares or the Union Bank of Mena, Mena, Arkansas. 2/ Minneapolis Eden Valley Bancshares, I n c . , Eden V a l l e y , Minnesota, f o r approval t o acquire 100 percent of the voting shares of S t a t e Bank in Eden V a l l e y , Eden V a l l e y , Minnesota. 2 / Minneapolis Fessenden Bancshares, I n c . , Fessenden, North Dakota, for approval to acquire 100 percent of the voting shares of The F i r s t National Bank of Fessenden, Fessenden, North Dakota. 2/ Mnnf^rnlis Midwest Bancshares, I n c . , Edina, Minnesota, for approval to acquire at l e a s t 9 1 . 8 percent of the voting shares of S t a t e Bank of Sleepy Eye, Sleepy Eye, Minnesota. 2/ 77 Appitcation s u b j e c t to Community Reinvestment Act. 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 contacted as to the length of the comment p e r i o d . -19- H.2, 1983 No. 51 APPLICATIONS RECEIVED - Continued Kansas City National 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 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 American National B a n c s h a r e s , I n c . , Midwest C i t y , Oklahoma and i n d i r e c t l y a c q u i r e American National Bank of Midwest C i t y , Midwest C i t y , Oklahoma. Hall as Independent F i n a n c i a l , I n c . , Lubbock, 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 Whisperwood National Bank, Lubbock, Texas. 2/ San Francisco P a c i f i c Inland Bancorp, Anaheim, 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 P a c i f i c Inland Bank, Anaheim, C a l i f o r n i a , a proposed new b a n k . 2/ * * * * * 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 Atlanta Banco Zaragozano, S . A . , Madrid, S p a i n ; Banzano I n t e r n a t i o n a l , N.V., Curacao, N e t h e r l a n d s A n t i l l e s ; Banzano, B.V., Amsterdam, N e t h e r l a n d s ; and, Mi ami National Bancorp, Coral G a b l e s , F l o r i d a , f o r approval t o a c q u i r e 8 9 . 7 p e r c e n t of t h e v o t i n g s h a r e s of I n t e r n a t i o n a l Bank of Mi ami, N.A., South Miami, F l o r i d a . 2/ Atlanta Southern Bancorp, I n c . , Waycross, 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 Mount Vernon Bank, Mount Vernon, G e o r g i a . Chicago Second National C o r p o r a t i o n , Richmond, I n d i a n a , f o r approval t o a c q u i r e a t l e a s t 94,89 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 e n t o n v i l l e S t a t e Bank, B e n t o n v i l i e , I n d i a n a . 2/ Dal l a s 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 A l l i e d Bank North C e n t r a l , N.A., D a l l a s , Texas, a proposed new b a n k . 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 t h e comment p e r i o d . H.2, 1983 No. 51 -20APPLICATIONS RECEIVED - Continued To Retain Bank Shares Acquired in a F i d u c i a r y Capacity Pursuant t o S e c t i o n 3 of t h e Bank Holding Company Act of 1956 Kansas C i t y F i r s t Bancorp of Kansas, W i c h i t a , Kansas, f o r approval t o r e t a i n through t h e t r u s t department of i t s subs i d i a r y , F i r s t National Bank in W i c h i t a , W i c h i t a , Kansas, a c q u i r e d s h a r e s in Stockgrowers S t a t e Bank, A s h lan d , Kansas and F i r s t National Bank in Neodesha, Neodesha, Kansas. * * * * * 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 C i t i c o r p , New York, New York, f o r approval t o a c q u i r e t h r o u g h i t s wholly-owned s u b s i d i a r y , C i t i c o r p Persont o - P e r s o n , I n c . , t h e s u c c e s s o r s by s u p e r v i s o r y c o n v e r s i o n - m e r g e r t o New Biscayne Federal Savings & Loans A s s o c i a t i o n , Miami, F l o r i d a , and F i r s t Federal Savings and Loan A s s o c i a t i o n of Chicago, Chicago, IIIinois. Philadelphia C o r e S t a t e s F i n a n c i a l Corp, P h i l a d e l p h i a , 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 ( i n t h e o r i g i n a t i o n of FHA, VA and c o n v e n t i o n a l r e s i d e n t i a l mortgage l o a n s and second mortgage l o a n s ) near 63rd S t r e e t and Western Avenue, Oklahoma C i t y , Oklahoma, s e r v i n g t h e S t a t e of Oklahoma, through i t s s u b s i d i a r y , Colonial Mortgage S e r v i c e Company A s s o c i a t e s , Inc. (12/20/83) Philadelphia North C e n t r a l F i n a n c i a l C o r p o r a t i o n , Emporium, 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 ( i n d a t a p r o c e s s i n g a c t i v i t i e s and t h e s a l e of r e l a t e d s o f t w a r e programs i n c l u d i n g t h e i n t e r a c t i v e p r o c e s s i n g of f i n a n c i a l i n s t i t u t i o n s , h o s p i t a l s and l o c a l m u n i c i p a l i t i e s ; processing a c t i v i t i e s will take place in P e n n s y l v a n i a and New York with s o f t w a r e s a l e s t a k i n g p l a c e n a t i o n a l l y in t h e United S t a t e s ) in Emporium, P e n n s y l v a n i a , through i t s s u b s i d i a r y , Provision Software Services Inc. (12/21/83) Richmond F i r s t Union C o r p o r a t i o n , C h a r l o t t e , North C a r o l i n 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 >aler S e c u r i t i e s , I n c . , Winston-Salem, North rc l 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, 1983 No. 51 -21 APPLICATIONS RECEIVED - Continued Richmond United Financial Banking Companies, I n c . , Vienna, 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 (making or acquiring loans 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 i n a n c i a l i n s t i t u t i o n , including a c t i v i t i e s such as s e r v i c i n g l o a n s , p a r t i c i p a t i n g in l o a n s , and purchasing stock in other companies of not more than 5 percent) in V i r g i n i a , Maryland, and the D i s t r i c t of Columbia ( 1 2 / 2 1 / 8 3 ) Atlanta F l i n t Bancshares, I n c . , Cordele, Georgia, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( i n purchasing loans on a non-recourse b a s i s ) at 1620 Sixteenth Avenue, East, Cordele, Georgia, through i t s s u b s i d i a r y , Cordele Banking Company ( 1 2 / 2 4 / 8 3 ) Chicago NBO Bancorp, I n c . , D e t r o i t , Michigan, 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 mortgage hanking a c t i v i t i e s , including t h e making and acquiring of mortgage loans f o r i t s own account and f o r the account of o t h e r s and such other e x t e n s i o n s of c r e d i t as would be made by a mortgage company) t h e s e a c t i v i t i e s would be conducted in the S t a t e of Kentucky, through i t s s u b s i d i a r y , NBD Mortgage Company ( 1 2 / 1 5 / 8 3 ) S t . Louis F i r s t Arkansas Bankstock Corporation, L i t t l e Rock, Arkansas, n o t i f i c a t i o n of i t s i n t e n t to engage in de novo a c t i v i t i e s ( i n making, procuring or acquiring loans and other e x t e n s i o n s of c r e d i t f o r the accounts of others as would be made by commercial banks, savings and loan a s s o c i a t i o n s , o r other s i m i l a r - t y p e f i n a n c i a l i n s t i t u t i o n s ; s e r v i c i n g such loans for o t h e r s ; providing investment or f i n a n c i a l advice and providing management c o n s u l t i n g advice t o n o n a f f i l i a t e d banks and nonbanking depository i n s t i t u t i o n s in accordance with the Board's Regulation Y) these a c t i v i t i e s w i l l be performed in the S t a t e s of Arkansas, Tennessee, M i s s i s s i p p i , Louisiana, Texas, Oklahoma, Missouri, and Kansas, through i t s s u b s i d i a r y , FABCO Mortgage Company, I n c . d / b / a FABCO A s s o c i a t e s Finance, Incorporated (12/16/R3) S t . Louis Union Bankshares, I n c . , Mena, Arkansas, for approval t o engage d i r e c t l y in real e s t a t e a p p r a i s i n g . Minneapolis Rovey Financial Corporation, Bovey, Minnesota, f o r approval t o acquire 100 percent of Bovey Insurance S e r v i c e , Bovey, Minnesota, a s o l e p r o p r i e t o r s h i p ; Company conducts general insurance a c t i v i t i e s in a town of l e s s than 5,000 p o p u l a t i o n . Ntil f r - Continued TTy ! a n c o r p o r a t i o n , Minneapolis, Minnesota, ^ ^f t o c i q u i r e the a s s e t s of a going cont w , : ^ e r s " * i t * d Discount and Acceptance Corporation, Minnesota. fc ruf r < , 1$ ^ t »e *;^nera! ~r*. ^doners ^ s<-t . ^r/^ rkrtf , .iter! m y , Kansas, f o r approval to expand insurance o p e r a t i o n s of i t s s u b s i d i a r y , ute Agency, through the a c q u i s i t i o n of La^<narK Federal Savings A s s o c i a t i o n , Karsas. , Ccnpany of Colorado, Lakewood, Cc: r^du, d e l i n e a t i o n of i n t e n t to engage in de novo jc? s t a t e s m the a c t i v i t y of underwriting, as ' i'" M t e and c r e o i t d i s a b i l i t y insurance s ,nr,% * I) r e l a t e d to e x t e n s i o n s of c r e d i t by Tf r « n r : $ *:, af f i I iate< of PirstBank Holding nf i n l n w d o ) at M2I East Thomas Road, Phoenix, i t s s u b s i d i a r y , Colorado FirstBank % *<" :* surar c e Compary ( 1 2 / 2 3 / 8 3 ) f f t A r i r rd i . c r p n r j t i o n , San Francisco, C a l i f o r n i a , *-?i •' :cat 'r;r intent to expand de novo a c t i v i t i e s ^ t u n d e r w r i t e r , i n i t i a l 1y as 'i ?r'. ;r*»r, t o t^e extent permitted by relevant s t a t e w * . ft r r e l a t e d l i f e insurance and c r e d i t ^ atv" rt and health insurance which i s *. 1 y rf ? to e x t e n s i o n s of c r e d i t by BankAmerica ard i t s nonbank s u b s i d i a r i e s ; t h e s e di 11 * -1 *es e r r f e m i t t e d pursuant t o Section 601(A) of VI it? t r r Wrn-St Germain Depository I n s t i t u t i o n s Ac? ')* ^ 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 , rA Insurance Company, Inc. (a C a l i f o r n i a L**r# ^ i n , I? 2 3 / 8 3 ) cd"+Arerxd ^ r p o r a t i o n , San Francisco, C a l i f o r n i a , not - n c a t - A f r ntent to engage in de novo a c t i v i t i e s ^.r*^easing a c t i v i t i e s to the f u l l extent v tKm 2 2 5 . 4 ( a ) ( 8 ) of Regulation Y ,'r/ , * c* 4 ; V* of the karif HeMing Company Act, "»*-( t. *# * I U'.i r u t i o n l ; ro/ . c m y data prog* ; * f s e r v i c e s , f a c i l i t i e s or r* r ) " e t h n o l o g i c a l ? ) f e a s i b l e means for * r a ^ ^ n y or economic data and other a c t i v i t i e s <+1 »n le^ue, Wasninyton, the ^ to oe serv^c f v t h i s t i c e w i l l be a": i n f t / <$m: the [ n ^ t r i c t of Columbia, through ^ ^ w r C o r p o r a t i o n (a C a l i f o r n i a * r M . . ^ . - ? 3 - ; r . Continued Pancorp, Anaheim, C a l i f o r n i a * for gire 100 percent of the voting shares Management, Inc.* pursuant to P a c i f i c Inland Venture Corp., (in pursuant to Section 4 ( c ) ( 7 ) n b u s i n e s s investment company not yet f* i»rtcnT« « ar named pursuant to Section 4 ( c ) ( 5 ) . ' " v^* T* », M:* y " " : ' ^ "* , * c : f i c Corporation, Los Angeles, C a l i f o r n i a , to engage in de novo a c t i v i t i e s ^ , le$<ing and s e r v i c i n g a c t i v i t i e s ( tr, personal property and equipment and ;r ;$*r?y; *n CmcinnaM, Ohio, serving the (nn*ugh i t s s u b s i d i a r y , Security Corporation ( 1 2 / 2 2 / 8 3 ) ^ tiv ^ ^ *r ^ ?*,- i^dfc s i **tsMn Viejo, California, n o t i f i c a t i o n e n g i y e m de novo a c t i v i t i e s ( i n pros # f ^ K e s as an escrow agent in escrow t r a n s v \ germitted by Regulation Y (12 CFR, Section in Mission V i e j o , C a l i f o r n i a , serving S t a t e of C a l i f o r n i a , through i t s s u b s i d i a r y , Escrow corporation M 2 / 2 4 / 8 3 ) Fa^T ^ Company, San Francisco, C a l i f o r n i a , »< ?:McaTi n of intent to engage in de novo *rt!vx%es ^m making or acquiring loans and other of c r e d i t , including consumer installment w a r \ n ^ m a t e d by o t h e r s and commercial loans hy d borrower's or guarantor's a s s e t s ; s, r,* i n : loans for the account of o t h e r s ; making I pa^-^ut l e a s e s of personal property; and acting at agent for c r e d i t l i f e or accident and health ?ns,ranee 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 in accordance with the Board's Regulation Y and T i t l e VI of the (,arn-St Germain Depository I n s t i t u t i o n s Act of 1*W1 in S c o t t s d a l e , Arizona, serving Alabama, Alaska* Arizona, Arkansas, C a l i f o r n i a , Connecticut, r*elatari , F l o r i d a , Georgia, Hawaii, Idaho, I l l i n o i s , Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, h u s e t t s , Michigan, Minnesota, M i s s i s s i p p i , Missouri, Montana, Nebraska, Nevada, New Hampshire, J e r s e y , New Mexico, New York, North Carolina, %< r t h Dakota, Ohio, Oregon, Pennsylvania, Rhode Island, <nuth Carolina, South Dakota, Tennessee, + a r , Vernon*, Washington, West V i r g i n i a , Wisconsin, r,rc ^ y f r i r y , t n m u g h i t s s u b s i d i a r y , Wells Fargo r« ' f r ; ? , r e t u r n f 12/22/X3) H,? f 1983 to. Si - ?4 APPLICATIONS RECEIVED - Continued REPORTS RECEIVED None, * * * * * PETITIONS FOR RULEMAKING None.
@FedFRASER