Full text of H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received : February 15, 1969

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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

A p p l i c a t i o n s and R e p o r t s Received or Acted on
During t h e Week Ended F e b r u a r y 15, 1969.
H.2

No, 7
District

Date
C u r r e n t Report F i l e d P u r s u a n t t o S e c t i o n 13
of t h e S e c u r i t i e s Exchange Act
Received
New J e r s e y Bank and T r u s t Company, C l i f t o n ,
New J e r s e y ,
( J a n u a r y 1969)

2
8

Worthen Bank & T r u s t Company, L i t t l e Rock,
Arkansas„
( J a n u a r y 1969)
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To Become a Member of the F e d e r a l Reserve System
P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Reserve Act
Received
T r e f o i l Bank, P h i l a d e l p h i a , P e n n s y l v a n i a ,

3
12

Bank of A r l i n g t o n , A r l i n g t o n , Washington.
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To Withdraw from Membership i n t h e F e d e r a l Reserve
System Without a Six Month N o t i c e a s P r e s c r i b e d by
S e c t i o n 9 of t h e F e d e r a l Reserve Act
Received
The F i r s t S t a t e Bank of T a f t , T a f t , Texas,

11

Approved
*The F i r s t S t a t e Bank of T a f t , T a f t , Texas.

11

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ii

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A p p l i c a t i o n p r o c e s s e d by t h e 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 .




2-10-69
2-13-69

H.2

No. 7

-2To E s t a b l i s h a Domestic Branch P u r s u a n t t o
S e c t i o n 9 of t h e F e d e r a l Reserve Act
Received
L i n c o l n R o c h e s t e r T r u s t Company, R o c h e s t e r ,
New York. Branch i n t h e town of Sweden,
c o u n t y of Monroe.
Merchants & Farmers Bank, Columbus, M i s s i s s i p p i .
Branch i n a p r o j e c t e d shopping c e n t e r n o r t h of
t h e downtown a r e a a l o n g s i d e U.S. Highway 45
North.
Approved
* F i r s t Bank of C o l o n i a , C o l o n i a , New J e r s e y .
Branch i n I s e l i n (known a s F i r e D i s t r i c t
No. 9, E a s t I s e l i n ) , Woodbridge Township.
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To C a r r y Reduced R e s e r v e s P u r s u a n t to
S e c t i o n 19 of t h e F e d e r a l Reserve Act
Approved
F i r s t N o r t h w e s t e r n N a t i o n a l Bank of Milwaukee,
Milwaukee, W i s c o n s i n .

7

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To Merge P u r s u a n t t o S e c t i o n 18(c) of
t h e F e d e r a l D e p o s i t I n s u r a n c e Act
Received
Bank of Las Vegas, Las Vegas, Nevada, f o r
p r i o r a p p r o v a l t o merge V a l l e y Bank of
Nevada, Reno, Nevada, under t h e c h a r t e r
of Bank of Las Vegas and w i t h the new t i t l e
V a l l e y Bank of Las Vegas.

12

Denied
F i d e l i t y Union T r u s t Company, Newark, New J e r s e y ,
f o r p r i o r a p p r o v a l t o merge M o n t e l a i r N a t i o n a l
Bank and T r u s t Company, M o n t c l a i r , New J e r s e y ,
under t h e c h a r t e r and t i t l e of F i d e l i t y Union
T r u s t Company,

2

i(

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k

k

k

k

A p p l i c a t i o n p r o c e s s e d by the 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

No.

6

-3-

To Form a Bank Holding Company P u r s u a n t to
S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company
Act of 1956
Approved
Exchange B a n c o r p o r a t i o n , I n c . , Tampa, F l o r i d a ,
f o r p r i o r a p p r o v a l t o become a bank h o l d i n g
company through the a c q u i s i t i o n of 80 p e r
c e n t o r more of t h e v o t i n g s h a r e s of The
Exchange N a t i o n a l Bank of Tampa, Tampa; The
Exchange Bank of Temple T e r r a c e , Temple T e r r a c e ;
Exchange N a t i o n a l Bank of Winter Haven, Winter
Haven; and 60 per c e n t o r more of t h e v o t i n g
s h a r e s of G u l f - t o - B a y Bank & T r u s t Company,
Clearwater, a l l in F l o r i d a ,

V<*

2




i;

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To Expand a Bank Holding Company P u r s u a n t t o
S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company
Act of 1956
___
Received
Bankers T r u s t New York C o r p o r a t i o n , New York,
New York, f o r p r i o r a p p r o v a l of 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 P e o p l e s
Bank of Long I s l a n d , N a t i o n a l A s s o c i a t i o n ,
P a t c h o g u e , New York,
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I