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ANNOUNCEMENT EY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1977 No. 7)
Actions of the Board; Applications and Reports
Received During the Week Ending February 12, 1977
ACTIONS OF THE BOARD
Statement by Governor Philip C. Jackson, Jr., before the
Consumer Affairs Subcommittee of the House Committee on
Banking, Finance and Urban Affairs on the current status
of consumer credit laws.
Regulation Y, notice of proposed rulemaking relating to
presumption of continued control of transferred assets
and activities; the Board requested comment on its proposal by March 15, 1977.
Implementation of the amendment to the Freedom of Information Act required by the Government in the Sunshine Act.
Request for financial information concerning bank holding
companies and their subsidiaries; response sent to
Chairman Proxmire, Senate Committee on Banking, Housing
and Urban Affairs.
"Wildcard'' time deposits, response to request for permission
to renew outstanding wildcard time deposits for an additional period of from one to six years.
City National Corporation, Beverly Hills, California, extension of time to March 14, 1978, within which to
effect divestiture of shares of Zenith National Insurance Company. 1/
National Central Financial Corporation, Lancaster, Pennsylvania, extension of time to March 8, 1977, within
which to consummate acquisition of the mortgage portfolio of Land Mortgages, Inc., Dayton, Ohio. 1/
Central Bank of Montgomery, Montgomery, Alabama, to make an
investment in bank premises. 1/

1/

Application processed on behalf of the Board of Governors under delegated
authority.




H.2, 1977 No. 7

- 2 ACTIONS OF THE BOARD-Continued

English State Bank, English, Indiana, to make an additional investment in bank premises. 1/
Peoples State Bank of Bloomer, Bloomer, Wisconsin, to make
an investment in bank premises. V
Capital City State Bank, Des Moines, Iowa, extension of
time to May 6, 1977, within which to establish a branch
at 1237 Grand Avenue, West Des Moines, Iowa. 1/
Deregistration pursuant to Regulation G for Browning-Ferris
Industries, Inc., Houston, Texas. 1/
M o r g a n Guaranty International Finance Corporation, New York,
N e w York, extension of time within which to acquire and
hold, directly or indirectly, additional shares of Icon
Limited, Lagos, Nigeria. 1/
Independent Bankers Trust Company, San Rafael, California,
extension of time to April 24, 1977, within which to
accomplish admission to membership in Federal Reserve
System. 1/
First National Bank of Lapeer, Lapeer, Michigan, proposed
merger with Lapeer Bank, N.A., Lapeer, Michigan, report
to the Comptroller of the Currency on competitive factors.

1/
Mid Michigan Bank, Gladwin, Michigan, proposed merger with
State Bank of Harrison and Gladwin, Gladwin, Michigan,
report to the Federal Deposit Insurance Corporation on
competitive factors. 1/
Peninsula National Bank, Burlingame, California, proposed
acquisition by Central Bank, National Association, Oakland, California, report to the Comptroller of the
Currency on competitive factors. 1/
State Bank of Manville, Manville, New Jersey, proposed merger
w i t h Somerset Trust Company, Bridgewater Township, New
Jersey, report to the Federal Deposit Insurance Corporation
on competitive factors. 1/

1/

Application processed on behalf of the Board of Governors under delegated
authority.




H.2, 1977 No. 7

- 3 ACTIONS OF THE BOARD-Continued

To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
Approved
The Community Bank and Trust Company, Verona, Virginia.
Branch to be established at 1157 West Main St.,
Waynesboro. 2/
Liberty State Savings Bank, Liberty Center, Ohio. Branch
to be established at 123 West Washington, Napolean,
Henry County. 2/
Central Trust Company of Canal Winchester, Canal Winchester, Ohio. Branch to be established at 8 South High
Street, Canal Winchester, Franklin County. If

* * * * *

International Investments and Other Actions Pursuant
to Sections 25 and 25(a) of the Federal Reserve Act
and Sections 4(c)(9) and 4(c)(13) of the Bank Holding
Company Act of 1956, as amended
Approved
Chase Manhattan Bank N.A.:
re - Investment - Amend
Application of 03-26-76 re:
Shares of Corretora De
Seguros Lar Brasileiro, S.A., Brazil.

* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Approved
Peoples Bancshares of Schuyler County, Inc., Lancaster,
Missouri, for approval to acquire 90.6 per cent of the
voting shares of Bank of Lancaster, Lancaster, Missouri.
Quivira Banc Shares, Inc., Hutchinson, Kansas, for approval to acquire 80 per cent or more of the voting
shares of The First National Bank of Sterling, Sterling,
Kansas.

2J

Application processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.




H.2, 1977 No. 7




- 4 ACTIONS OF THE BOAKD-Ccmtinned

Denied
The Berlin City Bank, Berlin, New Hampshire, for approval
to retain 50.3 per cent of the voting shares of The
White Mountain Trust Company, Gorham, New Hampshire.
Inland Beloit Corporation, Milwaukee, Wisconsin, for approval to acquire 100 per cent of the voting shares of
Financial Network Corporation, Beloit, Wisconsin, and
Community Holding Corporation, Beloit, Wisconsin, and
indirectly acquire 95.4 per cent of the voting shares of
The Beloit State Bank, Beloit, Wisconsin, and 75.3 per
cent of the voting shares of Community Bank of Beloit,
Beloit, Wisconsin.

* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Approved
First National Boston Corporation, Boston, Massachusetts,
for approval to acquire 100 per cent of the voting
shares of the successor by merger to The First National
Bank of Yarmouth, Yarmouth, Massachusetts.
The Royal Trust Company, Montreal, Quebec, Canada and
Royal Trust Bank Corp., Miami, Florida, for approval to
acquire 51 per cent or more of the voting shares of
First Bank of Pembroke Pines, Pembroke Pines, Florida.
Westland Banks, Inc., Lakewood, Colorado, for approval to
acquire 100 per cent of the voting shares (less directors' qualifying shares) of Westland Bank of Lakewood,
Lakewood, Colorado, a proposed new bank.
Westland Banks, Inc., Lakewood, Colorado, for approval to
acquire 100 per cent of the voting shares (less directors 1 qualifying shares) of Westland National Bank
South, Longmont, Colorado, a proposed new bank.
Denied
Inland Heritage Corporation, Wauwatosa, Wisconsin, for approval of successor by merger to Community Holding Corporation, Beloit, Wisconsin, and indirectly acquire
Community Bank of Beloit, Beloit, Wisconsin.




ACTIONS OF THE BOARD-Continued
Inland Heritage Corporation, Wauwatosa, Wisconsin, for
approval of successor by merger to Financial Network
Corporation, Beloit, Wisconsin, and indirectly acquire
The Beloit State Bank, Beloit, Wisconsin.
The Jacobus Company, Milwaukee, Wisconsin, for approval
of successor by merger to Community Holding Corporation,
Beloit, Wisconsin, and indirectly acquire Community Bank
of Beloit, Beloit, Wisconsin.
The Jacobus Company, Milwaukee, Wisconsin, for approval of
successor by merger to Financial Network Corporation,
Beloit, Wisconsin, and indirectly acquire The Beloit
State Bank, Beloit, Wisconsin.

* * * a *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Delayed
Citicorp, New York, New York, notification of intent to
relocate de novo activities (making of consumer installment personal loans, purchasing consumer installment
sales finance contracts; and acting as broker for the
sale of credit related life/accident and health insurance and consumer credit related property and casualty
insurance; if this proposal is effected, Nationwide
Financial Corporation of Nevada will offer to sell insurance as follows: group credit life/accident and
health insurance to cover the outstanding balances of
loans to borrower's in the event of their death, or, to
make the contractural monthly payments on the loans in
the event of the borrowers 1 disability; individual
physical damage insurance on personal property subject
to security agreements including liability only when
such insurance is sold as part of an insured package on
such property; further, in regard to the sale of credit
related insurance, Nationwide Financial Corporation of
Nevada will not act as a general insurance agency) from

H,2, 1977 No. 7

- 6 ACTIONS OF THE BOARD-Continned
390 N . Virginia Street, Reno, Nevada to 1151 North Rock
Boulevard, Sparks, Nevada, through its subsidiary,
Nationwide Financial Services Corporation and its subsidiary, Nationwide Financial Corporation of Nevada
(2/11/77) 3/

Union Trust Bancorp, Baltimore, Maryland, notification of
intent to engage in cle novo activities (acting as agent
in the sale of insurance protecting collateral held
against the extensions of credit) at 135 Caldwell Street,
Rock Hill, South Carolina, through a subsidiary, Landm a r k Finance Corporation of South Carolina (2/7/77) 3/
Reactivated
Citicorp, New York, New York, notification of intent to
engage in de_ novo activities (purchasing and servicing
for its own account consumer installment sales finance
contracts; and will act as broker for the sale of consumer credit related life/accident and health insurance
on purchased consumer installment sales finance contracts,
said insurance will only be offered when such transactions
are the equivalent of direct extensions of consumer
credit by the subsidiary; if the proposal is effected,
the subsidiary will offer to sell insurance as follows:
group credit life/accident and health insurance to cover
the outstanding balances on consumer installment sales
finance contracts to obligators, singly or jointly,
with their spouses or co-signers in the case of life
coverage in the event of death, or, make the contractual
monthly payments on consumer installment sales finance
transactions in the event of the obligators 1 disability
to the extent permissible under applicable State insurance laws and regulations; further, in regard to the
sale of credit related insurance, the subsidiary will
not act as a general insurance agency) at 3000 Lynch
Extension, Jackson, Mississippi, through its subsidiary,
Nationwide Financial Corporation (2/9/77) 3/
Northern States Bancorporation, Inc., Detroit, Michigan,
notification of intent to relocate de novo activities
(mortgage banking activities by originating residential,
commercial and industrial mortgage loans for its own
account but principally for sale to others, servicing
such loans for others, and acting as an investment or a
financial adviser to the extent of serving as the
advisory company for a mortgage or real estate investment trust) from 717 S. Grand Traverse Street, Flint,
37

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1977 No. 7

—

7

—

ACTIONS OF THE BOARD-Continued
Michigan to G 3306 W. Corunna Road, Flint, Michigan,
through its subsidiary, Kelly Mortgage and Investment
Company (2/9/77) _3/
Permitted
Citicorp, New York, New York, notification of intent to
engage in de novo activities (purchasing and servicing
for its own account consumer installment sales finance
contracts; and will act as broker for the sale of consumer credit related life/accident and health insurance
on purchased consumer installment sales finance contracts, said insurance will only be offered when such
transactions are the equivalent of direct extensions of
consumer credit by the subsidiary; if the proposal is
effected, the subsidiary will offer to sell insurance as
follows:
group credit life/accident and health insurance to cover the outstanding balances on consumer
installment sales finance contracts to obligators,
singly or jointly, with their spouses or co-signers in
the case of life coverage in the event of death, or, to
make the contractual monthly payments on consumer installment sales finance transactions in the event of the
obligators 1 disability to the extent permissible under
applicable State insurance laws and regulations; further,
in regard to the sale of credit related insurance, the
subsidiary will not act as a general insurance agency)
at 3000 Lynch Extension, Jackson, Mississippi, through
its subsidiary, Nationwide Financial Corporation (2/9/77)
3/
Citicorp, New York, New York, notification of intent to
relocate de novo activities (the purchasing and servicing
for its own account consumer installment sales finance
contracts; and will act as broker for the sale of consumer credit related life/accident and health insurance
and consumer credit related property and casualty insurance on purchased consumer installment sales finance
contracts, said insurance will only be offered when such
transactions are the equivalent of direct extensions of
consumer credit by the subsidiary; if this proposal is
effected, the subsidiary will offer to sell insurance as
follows:
group credit life/accident and health insurance to cover the outstanding balances on consumer
installment sales finance contracts to obligators,
singly or jointly, with their spouses or co-signers in
the case of life coverage in the event of death, or, to

3/

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1977 No. 7

- 8 ACTIONS OF THE BOARD-Continued
make the contractual monthly payments on consumer installment sales finance transactions in the event of the
obligators 1 disability to the extent permissible under
applicable State insurance laws and regulations; individual casualty insurance on personal property subject to
security agreements) from 11950 Airline Drive, Houston,
Texas to 12400 1-45 at Greens Road, Houston, Texas,
through its subsidiary, Nationwide Financial Corporation
(2/10/77) 3/

Fidelity Union Bancorporation, Newark, New Jersey, notification of intent to engage in de novo activities (the
business of making loans in the present maximum amount
of $5,000.00 or less under the provisions of the Pennsylvania Consumer Discount Company Act; and making
available to customers, credit life insurance and disability insurance covering the unpaid balance of loans
outstanding) at Valmont Shopping Center, Route 93, West
Hazelton, Luzerne County, Pennsylvania, through its
subsidiary, Suburban Finance Company and its subsidiary,
Sentry Consumer Discount Company (2/11/77) 3/
Pittsburgh National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(mortgage banking including the making, acquiring, and
servicing for its own account or the account of others,
loans and other extensions of credit) at Suite 256, Park
Elm Office Center, 1451 Elm Hill Pike, Nashville,
Tennessee, through its wholly-owned subsidiary, The
Kissell Company, Springfield, Ohio (2/6/77) 37
Financial Services Corporation of the Midwest, Rock Island,
Illinois, notification of intent to engage in de novo
activities (making or acquiring, for its own account
secured and unsecured installment loans and other extensions of credit primarily to individuals and selling
participations in but not acting as underwriter, agent,
or broker with respect thereto group credit life and
credit health and accident insurance coverage directly
related to such loans and other extensions of credit) at
821 15th Avenue, East Moline, Illinois, through its
subsidiary, F.S.C. Money Shops, Inc. (2/12/77) 3/

3/

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1977 No. 7

- 9 ACTIONS OF THE BOARD-Continued

To Expand a Bank Holding Company Pursuant to Section
4(c)(12) of the Bank Holding Company Act of 1956
Permitted "
Heights Finance Corporation, Peoria, Illinois, notification of intent to acquire all of the outstanding shares
of capital stock of Mid America Credit, Inc., a consumer
finance corporation with offices in Canton, Havana,
Beardstown and Macombe, all in Illinois (2/6/77) 3/

3/

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




I

H.2, 1977 No. 7




- 10 APPLICATIONS RECEIVED

To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
The Community Bank, Petersburg, Virginia. Branch to
be established at 2618 South Crater Road, Petersburg.
American Bank of Lake Wales, Lake Wales, Florida. Branch
to be established at Babson Park, Polk County, Florida,
on East side of U.S. Highway 27A at S.E. Corner of Libby
Road Intersection.
Genesse Merchants Bank & Trust Company, Flint, Michigan.
Branch to be established between 14176 and 14250 Fenton
Road, Fenton Township.
Union Bank & Trust Company, Montgomery, Alabama. Branch
to be established at 5510 Atlanta Highway, Montgomery.
Seabrook Bank and Trust Company, Seabrook, New Hampshire.
Branch to be established on route 1-A, Seabrook Beach.

* * * * *

To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Manufacturers Hanover Trust Company:
Manila, Philippines.
First National Bank of Maryland:
England.

re - Branch -

re - Branch - London,

* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Financial Diversified Investment Corporation, Topeka,
Kansas, for approval to acquire 98 per cent of the
voting shares of The First National Bank of Wetmore,
Wetmore, Kansas.
The Horizon Financial Corporation, Burdett, Kansas, for
approval to acquire 80.4 per cent of the voting shares
of The Burdett State Bank, Burdett, Kansas.

H.2, 1977 No. 7

-

11

-

APPLICATIONS RECEIVED-Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
CleveTrust Corporation, Cleveland, Ohio, for approval
to acquire 100 per cent of the voting shares of Columbus
Trust Company, Columbus, Ohio, a proposed new bank.
American Bankcorp, Inc., Lansing, Michigan, for approval
to acquire 80 per cent or more of the voting shares of
The Muskegon Bank & Trust Company, Muskegon, Michigan.

* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
First Bancorp of N.H., Inc., Manchester, New Hampshire,
notification of intent to engage in de novo activities
(real estate lending activities including: originating,
selling, and servicing both residential and commercial
mortgages; originating and servicing construction loans;
providing placement services for long term real estate
financing; and as an incident to the real estate lending
and placement activities, providing advice and appraisal
services for self and others) at 1000 Elm Street, 20th
Floor, Manchester, New Hampshire, through a subsidiary,
FirstBank Mortgage Corp. (2/9/77) 3/
Chemical New York Corporation, New York, New York, notification of intent to relocate de novo activities (leasing
real and personal property and equipment on a nonoperating, full payout basis and acting as agent, broker,
and adviser with respect to such leases; financing real
and personal property and equipment such as would be
done by commercial finance company; and servicing such
extensions of credit) from 1111 West Mockingbird Lane,
Suite 910, Dallas, Texas to 2775 Villa Creek Drive,
Dallas, Texas, through its subsidiary, ChemLease, Inc.
(2/8/77) 3/

37

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




APPLICATIONS RECEIVED-Continued
Union Trust Bancorp, Baltimore, Maryland, notification of
intent to engage in de novo activities (making installment loans to individuals for personal, family, or
household purposes; purchasing sales finance contracts
executed in connection with the sale of personal, family,
or household goods or services; acting as agent in the
sale of credit life and credit accident and health insurance directly related to its extensions of credit;
and acting as agent in the sale of insurance protecting
collateral held against the extensions of credit) at 135
Caldwell Street, Rock Hill, South Carolina, through a
subsidiary, Landmark Finance Corporation of South Carolina
(2/7/77) 2 /
Union Trust Bancorp, Baltimore, Maryland, notification of
intent to engage in de novo activities (make secondary
mortgage loans secured in whole or in part by mortgage,
deed of trust, security agreement, or other lien on real
estate situated in the State of South Carolina which
property is subject to the lien of one or more prior
encumbrances or other leasehold interests; and acting as
agent in the sale of credit life insurance in connection
with its extensions of credit) at 3710 Landmark Drive,
Columbia, South Carolina, through its subsidiary, Union
Home Loan Corporation (2/8/77) 3/
Alabama Bancorporation, Birmingham, Alabama, notification
of intent to engage in de novo activities (making or
acquiring, for its own account or for the account of
others, loans and other extensions of credit including
issuing letters of credit and accepting drafts such as
would be made by a factoring company, a commercial finance company, a consumer finance company, or a mortgage
company; servicing loans and other extensions of credit
for any person; and leasing personal property and equipment or acting as agent, broker, or adviser in leasing
of such property where at the inception of the initial
lease the expectation is that the effect of the transaction and reasonably anticipated future transactions
with the same lessee as to the same property will be to
compensate the lessor for not less than the lessor's
full investment in the property; additionally, as an
incident to its lending activities and if requested by
its customers, such subsidiary will make provision with
an insurance carrier for credit life/accident and health
insurance that is directly related to loans to such customers) at 3125 Montgomery Highway, Homewood, Alabama
and 1700 Sunset Boulevard, West Columbia, South Carolina,
through a subsidiary, Alabanc Financial Corporation
(2/8/77) 3/
37

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf


of the Board of Governors under delegated authority.


H.2, 1977 No. 7

- 1 3 APPLICATIONS RECEIVED-Continued

Sun Banks of Florida, Inc., Orlando, Florida, notification
of intent to engage in de novo activities (the business
of acting as agent or broker for the sale of credit
life/accident and health insurance directly related to
extensions of credit by the bank holding company and/or
its banking and non-banking subsidiaries) at 15 West
Church Street, Orlando, Florida, through a subsidiary,
Sunbank Agency, Inc. (2/7/77) 3/

.

Michigan National Corporation, Bloomfield Hills, Michigan,
notification of intent to engage in jde novo activities
(leasing personal property and equipment or acting as
agent, broker, or adviser in leasing of such property
where at the inception of the initial lease the expectation is that the effect of the transaction and reasonably anticipated future transactions with the same
lessee as to the same property will be to compensate the
lessor for not less than the lessor's full investment in
the property plus the estimated total cost of financing
the property over the term of the lease; leasing real
property or acting as agent, broker, or adviser in leasing of such property where at the inception of the
initial lease the expectation is that the effect of the
transaction will be to compensate the lessor for not
less than the lessor's full investment in the property
over the term of the lease; financing personal property
and equipment by making or acquiring, for its own account or for the account of others, loans and other
extensions of credit including accepting drafts such as
would be made by a finance company) at 38200 W . Ten Mile
Road, Farmington Hills, Michigan and 77 Monroe Street,
N.W., Grand Rapids, Michigan, through its subsidiary,
M N C Leasing Co., (2/11/77) 3/
BankAmerica Corporation, San Francisco, California, notification -of intent to engage in de novo activities (making
or acquiring, for their own account loans and other extensions of credit such as would be made or acquired by
a finance company and servicing loans and other extensions
of credit; such activities will include, but not be
limited to, making consumer installment loans, purchasing
installment sales finance contracts, making loans and
other extensions of credit to small businesses, and
making loans secured by real and personal property;
acting as agent or broker for the sale of credit related
life and credit related accident and disability insurance

37

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




K.2, 1977 No. 7

- 14 APPLICATIONS RECEIVED-Continued
and credit related property Insurance in connection with
extensions of credit made or acquired by FinanceAmerica
Corporation) at 5198 South Broadway, Englewood, Colorado,
through its indirect subsidiary, FinanceAmerica Corporation (a Colorado Corporation) (2/2/77) 3/

Wells Fargo & Company, San Francisco, California, notification of intent to engage in de novo activities (making
or acquiring, for its own account or for the account of
others, loans and other extensions of credit; servicing
loans and other extensions of credit for other persons;
acting as an insurance agent or broker with respect to
the following types of insurance that are directly
related to the extensions of credit by Wells Fargo &
Company or its subsidiaries; credit life and credit
accident and health insurance and mortgage redemption
life insurance and group mortgage disability insurance)
in First National Bank Building, One East First Street,
Suite 900, Reno, Nevada, through its subsidiaries, Wells
Fargo Mortgage Company and WFMC Corporation (1/31/77) 3/
Wells Fargo & Company, San Francisco, California, notification of intent to engage in de novo activities (making
or acquiring, for its own account or for the account of
others loans and other extensions of credit; leasing
personal or real property or acting as agent, broker, or
adviser in leasing such property where the lease is to
serve as the functional equivalent of an extension of
credit to the lessee of the property and where at the
inception of the initial lease the effect of the transaction (and, with respect to governmental entities only,
reasonably anticipated future transactions) will yield a
return that will compensate the lessor for not less than
the lessor's full investment in the property plus the
estimated total cost of financing the property over the
term of the lease, from rentals; estimated tax benefits,
investment tax credit, net economic gain from tax deferral from accelerated depreciation, and other tax
benefits with a substantially similar effect and the
estimated residual value of the property at the expiration of the initial term of the lease which in no case
shall exceed 20 per cent of the acquisition cost of the
property to the lessor) at 1206 Van Ness Avenue, Fresno,
California, through its subsidiaries, Wells Fargo L e a s ing Corporation, Wells Fargo Transport Leasing Corporation, and Wells Fargo Equipment Leasing Corporation (2/4/77)
3/
TJ

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




t
H.2, 1977 No. 7

15
A P P L I C A T I O N S RECEIVED-Continued

For C e r t i f i c a t i o n Pursuant to the Bank Holding Company
T a x Act of 1976
E v a n s Insurance A g e n c y , Billings, Oklahoma, to divest
shares of First State Bank of Billings, Billings,
O k l a h o m a . (Legal D i v i s i o n Docket T C £ 76-133).

* * * * *

REPORTS RECEIVED
Ownership Statement Filed Pursuant to Section 13
of the Securities E x c h a n g e Act
B a n k of the C o m m o n w e a l t h , Detroit, M i c h i g a n .
the First A r a b i a n Corporation).

(d)

(Filed by

M e t r o p o l i t a n Bank, T a m p a , Florida.
(Filed by the Summit
Organization, Inc. - Amendment #1).

* * * * *

P E T I T I O N S FOR R U L E M A K I N G
None.