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ANNOUNCEMENT
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

H .2, 1992, No. 8
Actions of the Board, its Staff, and
the Federal Reserve Banks;
Applications and Reports Received
During the Week Ending February 22, 1992

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

TESTIMONY AND STATEMENTS
Monetary policy objectives -- statement by Chairman
Greenspan before the Subcommittee on Domestic
Monetary Policy of the House Committee on Banking,
Finance and Urban Affairs, February 19, 1992.
Authorized, February 14, 1992.
Monetary policy objectives — statement by Chairman
Greenspan before the Senate Committee on Banking,
Housing, and Urban Affairs, February 25, 1992.
Authorized, February 14, 1992.
BANK HOLDING COMPANIES
BayBanks, Inc., Boston, Massachusetts — request to
provide automated teller machine maintenance
services to unaffiliated members of its proprietary
ATM network.
Granted, February 21, 1992.
PNC Financial Corp, Pittsburgh, Pennsylvania -- to
engage in private placement and riskless principal
activities through PNC Securities Corp.
Approved, February 18, 1992.
REGULATIONS AND POLICIES
New York Clearing House Interbank Payments System
(CHIPS) — determination that three participants
are financial institutions under netting provisions
of the Federal Deposit Insurance Corporation
Improvement Act for purposes of participation.
Granted, February 21, 1992.
Reserve requirements — reduction in reserve
requirements on transaction deposits to 10 percent
from 12 percent.
Approved, February 18, 1992.
RESERVE BANK OPERATIONS




Federal Reserve Bank of Cleveland — appointment of
Jerry L. Jordan as President, effective March 9,
1992.
Approved, February 18, 1992.

H .2

FEBRUARY 18, 1992
PAGE 2

TO

FEBRUARY 21, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK HOLDING COMPANIES




New York

Bessemer Group, Incorporated, Woodbridge, New Jersey
-- to engage de novo in certain nonbanking
activities.
Permitted, February 18, 1992.

New York

Commerzbank Aktiengesellschaft, Frankfurt Au Main,
Federal Republic of Germany — to engage in the
clearance of orders to purchase and sell futures
and options on futures, and the acceptance and
clearance of preauthorized orders with respect to
certain contracts on futures and options on futures
through CB Clearing, Inc., Chicago, Illinois.
Returned, February 19, 1992.

Minneapolis

Community First Bankshares, Inc., Fargo, North
Dakota, and CFB Acquisition Corp. — to acquire
First Interstate of North Dakota, Inc.
Approved, February 20, 1992.

Kansas City

First Community Bancshares, Inc., Knob Noster,
Missouri — to acquire Bancshares of Knob Noster,
Inc.; Ionia Bancshares, Inc., Windsor, Missouri;
and Sweet Springs Bancshares, Inc., Sweet Springs,
Missouri, and to engage in general insurance
activities.
Approved, February 20, 1992.

Chicago

First National Company, Storm Lake, Iowa —
in making and servicing loans.
Returned, February 19, 1992.

New York

Hubco, Inc., Union City, New Jersey — to acquire
Hudson United Bank, and certain assets and
assumption of all deposit liabilities of Irving
Federal Savings and Loan Association, North
Haledon, New Jersey.
Approved, February 21, 1992.

S t . Louis

Ohio County Community Bancshares, Inc., Hartford,
Kentucky — to acquire The Hartford Bank and Trust
Company.
Approved, February 18, 1992.

to engage

H .2
FEBRUARY 18, 1992
PAGE 3

TO

FEBRUARY 21, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Chicago

Sandwich Banco, Inc., De Kalb, Illinois — conversion
of equity commitment notes to long term senior
debt.
Returned, February 18, 1992.

San Francisco

Sanwa Bank, Limited, Osaka, Japan — to acquire Sanwa
Duval, L.A., New York, New York, and engage in
financial advisory activities.
Withdrawn, February 21, 1992.

Director, BS&R

Southern National Corporation, Lumberton, North
Carolina -- proposal that Southern National Bank of
North Carolina acquire certain assets and assume
certain liabilities of Workmen1s Federal Savings
Bank, Mount Airy, North Carolina.
Approved, February 19, 1992.

Secretary

Southern National Corporation, Lumberton, North
Carolina -- to acquire Workmen1s Bancorp, Inc.,
Mount Airy, North Carolina, and WorkmenTs Federal
Savings Bank.
Approved, February 19, 1992.

Secretary

Trans Financial Bancorp, Inc., Bowling Green,
Kentucky -- to acquire First Federal Savings Bank,
of Tennessee, Tullahoma, Tennessee, and Maury
Federal Savings Bank, Columbia, Tennessee.
Approved, February 21, 1992.

St. Louis

United Central Bancshares, Inc., Bowling Green,
Kentucky — to acquire South Central Bank of
Bowling Green, Inc.
Approved, February 21, 1992.

BANK PREMISES




Chicago

Bank One, Springfield, Springfield, Illinois —
investment in bank premises.
Approved, February 20, 1992.

Dallas

Interstate Bank North, Houston, Texas —
in bank premises.
Approved, February 21, 1992.

investment

H .2

FEBRUARY 18, 1992
PAGE 4

TO

FEBRUARY 21, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANKS, NONMEMBER, AND MISCELLANEOUS INSTITUTIONS
Dallas

Holly Farms of Texas, Inc., Center, Texas -registration statement.
Withdrawn, February 18, 1992.

Dallas

National Finance Credit Corporation of Texas, Fort
Worth, Texas — registration statement.
Withdrawn, February 18, 1992.

Dallas

Richmond Production Credit Association, Sugar Land,
Texas — registration statement.
Withdrawn, February 18, 1992.

Dallas

Southern Union Employees7 Credit Union, Dallas, Texas
— registration statement.
Withdrawn, February 18, 1992.

Dallas

Winter Garden Production Credit Association, Cotulla,
Texas — registration statement.
Withdrawn, February 18, 1992.

BANKS, STATE MEMBER
Chicago

First of America Bank - Northern Michigan, Trrverse
City, Michigan — payment of a dividend.
Approved, February 20, 1992.

CHANGE IN BANK CONTROL
Chicago

Tanco, Ltd., Guttenberg, Iowa —
control.
Returned, February 19, 1992.

change in bank

New York

Westport Bancorp, Inc., Westport, Connecticut —
change in bank control.
Permitted, February 21, 1992.

COMPETITIVE FACTORS REPORTS




Chicago

Dolton-Riverdale Savings and Loan Association,
Dolton, Illinois, proposed merger with Argo Federal
Savings Bank, F.S.B., Summit-Argo, Illinois.
Submitted, February 20, 1992.

H.2
FEBRUARY 18, 1992
PAGE 5

TO

FEBRUARY 21, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS




Richmond

Farmers and Merchants Bank of Keyser, Keyser, West
Virginia, proposed merger with F&M Bank - Keyser,
Inc. — report on competitive factors.
Submitted, February 18, 1992.

Chicago

Farmers Savings Bank, Preston, Iowa, proposed merger
with FS State Bank, Preston, Iowa — report on
competitive factors.
Submitted, February 20, 1992.

Atlanta

First Metro Bank, Muscle Shoals, Alabama, proposed
merger with The New First Metro Bank — report on
compet it ive factors.
Submitted, February 18, 1992.

Boston

First NH Bank, Concord, New Hampshire, proposed
acquisition of certain assets and assumption of
certain liabilities of First Maine Bank, Portland,
Maine — report on competitive factors.
Submitted, February 19, 1992.

Boston

Northeast Savings, F.A., Hartford, Connecticut,
proposed acquisition of certain assets and
assumption of certain liabilities of East
Providence Credit Union, East Providence, Rhode
Island, Providence Teachers Credit Union,
Providence, Rhode Island; Greater Providence
Deposit Corporation; and Columbian Credit, Union,
Cranston, Rhode Island — report on competitive
factors.
Submitted, February 19, 1992.

H .2

FEBRUARY 18, 1992
PAGE 6

TO

FEBRUARY 21, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME
San Francisco

First Interstate Bancorp, Los Angeles, California —
extension to divest certain property.
Granted, February 21, 1992.

Minneapolis

Henning Bancshares, Inc., Henning, Minnesota —
extension to May 29, 1992, to acquire Battle Lake
Bancshares, Inc., Battle Lake, Minnesota.
Granted, February 20, 1992.

Atlanta

Peoples Bancholding Company, Inc., Moulton, Alabama - extension to May 28, 1992, to acquire Peoples
Bank of Lawrence County.
Granted, February 20, 1992.

St. Louis

Trans Financial Bancorp, Inc., Bowling Green,
Kentucky — extension to May 12, 1992, to redeem
shares.
Granted, February 19, 1992.

Kansas City

Bank of Belen, Belen, New Mexico — to become a
member of the Federal Reserve System.
Approved, February 21, 1992.

MEMBERSHIP

RESERVE BANK SERVICES




Director, FRBO

Federal Reserve Bank of Minneapolis — to offer
extended Magnetic Ink Character Recognition (MICR)
service to all depository institutions in, the
Minneapolis office zone and to offer a Payor Bank
Group Sort in the Helena Branch.
Approved, February 20, 1992.

H .2
FEBRUARY 18, 1992
PAGE 7

ADDITIONS AND CORRECTIONS
TO

FEBRUARY 21, 1992

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Minneapolis

Johnson Holdings, Inc., Isanti, Minnesota -- to
acquire East Central Holding Company, and First
State Bank of Isanti.
Approved, February 14, 1992.

CAPITAL STOCK
Chicago

Tanco, Ltd., Guttenberg, Iowa -- redemption of
shares.
Returned, February 10, 1992.

COMPETITIVE FACTORS REPORTS




Chicago

First Northern Savings Bank, S.A., Green Bay,
Wisconsin, proposed merger with New London Savings
& Loan Association, New London, Wisconsin -- report
on competitive factors.
Submitted, February 14, 1992.

FEDERAL RESERVE BANK OF B O S T O N APPLICATIONS

SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application

Comment Period Ending Date
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

Application

Comment Period Ending Date
NONE

SECTION III - APPLICATIONS SUBJECT TO
FEDERAL REGISTER NOTICE ONLY
Application

Comment Period Ending Date
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE

Application
NONE
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS

**Rating Definitions:
"0" - Outstanding; "S" - Satisfactory;
- Needs to Improve; "SN" - Substantial Noncompliance.
Institution




Examination Date

NONE

"N"

Rating**

Federal Reserve Bank of New York
Comment Period
Ending Date
SECTION I
Applications Subject to Newspaper
___________ Notice Only___________
None.
SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
Credit Populaire d'Algerie, Algiers, Algeria
to become a bank holding company through the
acquisition of at least 44.06 percent of the
voting shares of UBAF Arab American Bank,
New York, New York.l/

3/10/92 2/

CNB Financial Corp., Canajoharie, New York,
to become a bank holding company through the
acquisition of 100 percent of the voting stock
of Central National Bank, Canajoharie,
Canaj oharie, New York.1/

3/23/92 2/

MSB Bancorp, Inc., Middletown, New York to
become a bank holding company through the
acquisition of 100 percent of the voting stock
of Middletown Savings Bank, Middletown, New
York.l/

3/19/92 3/

SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
The Toronto Dominion Bank, Toronto, Canada to engage
through its subsidiary, Toronto Dominion Securities
(USA) Inc., New York, New York, in underwriting and
dealing in all types of debt and equity securities,
to a limited extent, acting as a riskless principal,
and making, acquiring, or servicing loans or other
extensions of credit.




N/A

Nonbanking Applications
(Subject to Federal Register Notice Only")
Bayerische Landesbank Girozentrale, Munich,
Commerzbank AG, Frankfurt am Main, and Dresdner
Bank, Frankfurt am Main, all of the Federal
Republic of Germany, to retain indirectly all
of the voting shares of Mercedes-Benz Credit
Corporation, Norwalk, Connecticut and thereby
to engage in financing, leasing, and creditrelated insurance activities.

3/17/92

SECTION IV
Applications Not Involving
______ Public Comment______
None.
SECTION V
Availability of CRA Public Evaluations
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following group:
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of,
and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.




An institution in this group needs to improve its overall record
of ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.

Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its resources
and capabilities.
Week Ending February 22, 1992
NAME OF BANK

RATING

EXAMINATION DATE

None.

1/
2J
3/
4/

Subject to provisions of Community Reinvestment A c t .
Later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.
N/A - Not Available




FEDERAL RESERVE BANK OF PHILADELPHIA

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
Comment Period Ending Date
None.

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date
Gloucester County Bankshares, Inc., Woodbury, 1 /
NJ seeks approval to form a bank holding
company by acquiring 100% of The Bank of
Gloucester County, Woodbury, NJ pursuant
to Section 3(a)(1) of the BHCA.
Newspaper:
Federal Register:

3/9/92
3/17/92

SECTION III ~ APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date
Moxham Bank Corporation. Johnstown, PA
requests permission to engage de novo in
community development activities, through
a proposed nonbanking subsidiary, Moxham
Community Development Corporation,
Johnstown, PA, pursuant to Section 4(c)(8)
of the BHC Act and Section 225.25(b)(6) of
Regulation Y.

N/A*

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
None.

1/ Subject to provisions of Community Reinvestment Act
* N/A - not yet available.




FEDERAL RESERVE BANK OF PHILADELPHIA
SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following institutions were examined for CRA. The 30-business day period the bank
has to make the evaluation public has lapsed during the week ending February 21, 1992.
Identification of Ratings
In connection with the assessment of each insured depository
performance, a rating is assigned from the following groups:

institution's

CRA

Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its resources
and capabilities.
Bank/Location
Twin Rivers Community Bank
2925 William Penn Highway
Easton, PA 18042
(215) 252-2900




Examination Date
11/4/91

CRA Rating
Satisfactory

F e d e r a l R e s e r v e B a n k of C l e v e l a n d

Applications Bulletin
For Week Ending February 22 , 1992

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NONE
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
NONE

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
NONE
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

NONE

*
N
F
#

-

Subject to CRA
Newsoaoer Comment Period
Federc*... Register Comment Period
Expected to end approximately 30 days from the
date of receipt of the application.




Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only

Comment Period Ending Date

Application
Credit International Bank, N.A.,
Washington, D. C., a subsidiary
of Credit International Bancshares,
Ltd., Washington, D. C . , to acquire
a branch of Second National Federal
Savings Bank, Washington, D. C . , in
an Oakar transaction.*

Not yet available.

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

Peoples Bancorporation, Inc., Easley,
South Carolina, to become a bank holding
company through the acquisition of 100%
of the voting shares of The Peoples
National Bank, Easley, South Carolina.*

3-20-92

Section III - Applications Subject to Federal Register Notice
Application

Comment Period Ending Date

None.

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.

*Application is subject to CRA requirements.



Federal Reserve Bank of Richmond

Availability of CRA Public Evaluations
Week ending February 21, 1992

Definition of Ratings
Outstanding record of meeting community credit needs.
An institution in this group has an outstanding record of, and is a leader
in, ascertaining and helping to meet the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to improve record of meeting community credit needs.
An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.

Examination
Date

Peoples Bank of Charles Town
106 West Washington Street
Charles Town, West Virginia 25414
Union Bank and Trust Company
Main Street at Davis Ct.
Bowling Green, Virginia 22427




Rating

12-3-91

Satisfactory

12-16-91

Satisfactory

F e d e r a l R e s e r v e B a n k of A t l a n t a
A p p l i c a t i o n s B u l l e t i n f o r W e e k E n d i n g F e b r u a r y 21.

1992

Section 1 - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

SouthTrust Bank of Pinellas County
St. Petersburg, Florida
To merge with the New Port Richey,
Hudson, Florida branch of Mid^State
Federal Savings Bank, Ocala, Florida,
pursuant to Section 18(c) of the
Federal Deposit Insurance Act.

03-02-92*

Section 2 - Applications Subject To Both
Newspaper and Federal Register Notice

Application

Comment Period Ending Date

Southern Banking Corporation
Altamonte Springs, Florida
1-BHC formation, Southern Bank of
Central Florida, Altamonte Springs,
Florida.

02-18-92*
Federal Register

Community Group, Inc.
Chattanooga, Tennessee
To acquire Consolidated Bancorporation,
Inc., Chattanooga, Tennessee, and
thereby indirectly acquire Volunteer
Bank and Trust Company, Chattanooga,
Tennessee.

Not yet available*

Niota Bancshares, Inc.
Noita, Tennessee
1-BHC formation, Bank of Niota, Niota,
Tennessee.

Not yet available*

Section 3 - Applications Subject to Federal
Register Notice Only

Application
None.




Comment Period Ending Date

Applications

F e d e r a l R e s e r v e B a n k of A t l a n t a
B u l l e t i n f o r W e e k E n d i n g F e b r u a r y 21.

1 992

Section 10 - Availability of CRA Public Evaluations

The CRA public evaluations of the insured depository institutions
listed below became available during this week. Information about
an institution's CRA evaluation may be obtained directly from the
institution. In connection with the assessment of an institution's
CRA performance, a rating is assigned from the following groups:
Outstanding record of meeting community credit needs:
An
institution has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire
delineated
community,
including
lowand
moderate-income
neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs:
An
institution has a satisfactory record of ascertaining and helping
to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs:
An
institution needs to improve its overall record of ascertaining and
helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncompliance in meeting community credit needs:
An
institution has a substantially deficient record of ascertaining
and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Examination
Bank
The Merchant Bank of
Brandon, Post Office Box
1970, Brandon, Florida
33509
(813) 685-7030




Rating
Satisfactory

Date
11-12-91

Section 4 - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.

♦Subject to Provisions of Community Reinvestment




Federal Reserve Bank of Chicago

Section I - Applications Subject to Newspaper
Notice Only
Comment Period
Ending D ate
Application
Branch/24A

Ccmerica Bank - Detroit
Detroit, Michigan
Qakbrook Cannons Canmunity
16351 Rotunda Drive
Dearborn, Michigan*

N

- 3-9-92

Branch/24A

Fanners State Bank
Pcy Sippi, Wisconsin
307 Wolfe River Drive
Fremont, Wisconsin*

N

- **

Type

Section II - Applications Subject to Both Newspaper and Federal
Register Notice
Comment Period
Application
Ending natfi

Y-l

Dune Carp.
Belvidene, Illinois
Capran Bancorp, Inc.
Capron, Illinois
Capran State Bank
Capron, Illinois*

FR - 2-26-92
N - **

Y-2

Midlothian State Bank Bqployee Stock
Ownership Trust
Midlothian, Illinois
Midlothian State Bank
Midlothian, Illinois*

FR - **
N - 3-15-92

Y-2

NBD Bancorp, Inc.
Detroit, Michigan
Summcorp
Fort Wayne, Indiana
Summit Bank
Fort Wayne, Indiana
Summit Bank of Clinton County
Frankfort, Indiana
Summit Bank of Indianapolis
Indianapolis, Indiana
Summit Bank of Marion
Marion, Indiana
Summit Bank of Mancie
Muncie, Indiana
Summit Bank of South Bend
South Bend, Indiana
Decatur Financial, Inc.
Decatur, Indiana
Decatur Bank and Trust Company
Decatur, Indiana*

FR - **
N - **







Federal Reserve Bank of Chicago

Section II - Applications Subject to Both Newspaper and Federal
Register Notice
(
Continued)
Comment Period
E nding H ate
Application
NBD Indiana, Inc.
Detroit, Michigan
Surancorp
Fart Wayne, Indiana
Sunnit Bank
Fart Wayne, Indiana
Summit Bank of Cl inton County
Frankfort, Indiana
Summit Bank of Indianapolis
Indianapolis, Indiana
Summit Bank of Marian
Marion, Indiana
Summit Bank of Muncie
Muncie, Indiana
Sunmit Bank of South Bend
South Bend, Indiana
Decatur Financial, Inc.
Decatur, Indiana
Decatur Bank and Trust Company
Decatur, Indiana*

ER - **
N - **

Federal Reserve Bank of Chicago

Section III - Applications Subject to F^de^l Bagister
Notice Only
Ccranent Period
Ending Date

Type

Application

4(c)(8)

The First National Company
Storm Lake, Iowa
To make and service loans pursuant to
Section 225.25(b) of Regulation Y

FR - 1-20-92

Y-4

MBT Bancorp, Inc.
Nest Harrison, Indiana
Patriot Federal Savings Bank
Saint Bernard, Ohio (formerly First Ohio
Savings Bank)

FR - **

Y-4

NBD Bancorp, Inc.
Detroit, Michigan
Sunncorp Financial Services, Inc.
Fort Wayne, Indiana

FR - **

Y-4

NBD Indiana, Inc.
Detroit, Michigan
Sunncorp Financial Services, Inc.
Fort Wayne, Indiana

FR - **




Federal Reserve Bank of Chicago

Section IV - Applications Not Subject to Federal Register or Newspaper
Notice
Type

Application

None

N
FR
*
**

_
-

Newspaper
Federal Register
Subject to Provisions of Corarunity Reinvestment Act
Not available at this time




AVAILABILITY OF CRA PUBLIC EVALUATIONS
The following state member banks have been examined by the Federal Reserve Bank
of Chicago for compliance with the CRA. The 30-business day period the bank has
to make the evaluation public has lapsed during the week ending February 21,
1992. If you are interested in obtaining a copy of the evaluation document,
please contact the bank(s) directly.
Identification of Ratings
O-An institution in this group has an outstanding record of, and is a leader in,
ascertaining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
S-An institution in this group has a satisfactory record of ascertaining and
helping to meet the credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner consistent with its
resources and capabilities.
NI-An institution in this group needs to improve its overall record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
SN-An institution in this group has a substantially deficient record of ascer­
taining and helping to meet the credit needs of its entire delineated
community, including low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
BANK NAME/LOCATION
NONE




EXAMINATION DATE

RATING

Federal Reserve Bank of St. Louis
FOR THE WEEK ENDING FEBRUARY 21, 1992

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
Application

End of Comment Period

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
Application

End of Comment Period

Section 3(a)(3) application by Union Planters
Corporation, Memphis, Tennessee to acquire
Southeastern Bancshares, Inc., Alexandria,
Tennessee

Not yet available

Section 3(a)(1) application by Union Planters
- SBI Acquisition Company, Memphis, Tennessee
to acquire Southeastern Bancshares, Inc.,
Alexandria, Tennessee

Not yet available

Section 3(a)(1) application by The Peoples
Bancshares, Inc., Sardis, Tennessee to acquire
The Peoples Bank, Sardis, Tennessee

Not yet available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
Application

End of Comment Period

None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
Application
End of Comment Period
None.

This application is subject to CRA.



FEDERAL RESERVE BANK OF ST. LOUIS
St. Louis, Missouri

AVAILABILITY OF CRA PUBLIC DISCLOSURES
Identification o f Ratings:
Outstanding record o f meeting community credit needs

A n institution in this group has an outstanding record of, and is a leader in, ascertaining and helping to
meet the credit needs o f its entire delineated community, including low- and moderate-income
neighborhoods, in a manner consistent with its resources and capabilities.
Satisfactory record o f m eeting community credit needs

A n institution in this group has a satisfactory record o f ascertaining and helping to meet the credit needs
o f its entire delineated community, including low- and moderate- income neighborhoods, in a manner
consistent with its resources and capabilities.
Needs to im prove record o f meeting community credit needs

A n institution in this group needs to improve its overall record o f ascertaining and helping to meet the
credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Substantial noncom pliance in meeting community credit needs

A n institution in this group has a substantially deficient record o f ascertaining and helping to meet the
credit needs o f its entire delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.

FOR THE WEEK ENDING

Name of Bank

None




Bank Address

February 21, 1992

Examination
Date

Examination
Rating

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Endincr Date

Aoolication
Peoples State Bank
Plainview, Mn
To acquire the Elgin and
Millville offices of Eastwood
Bank, St. Charles, MN

Not yet available

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period
Endincr Date

First Financial Corporation
Arthur, ND
To indirectly acquire 100% of the
First State Bank of Buffalo,
Buffalo, ND*

3-9-92
(Federal Register)

First State Bank of Arthur
Arthur, ND
To acquire 100% of First State
Bank of Buffalo, Buffalo, ND*

3-9-92
(Federal Register)

Conley Brooks, Markell Brooks,
et al
To acquire control of 62.71% of
Resource Companies, Inc.,
Minneapolis, MN

* Subject to CRA




Not yet available

FEDERAL RESERVE BANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
Norwest Corporation
Mpls, MN
To engage in combining data processing,
data transmission services, facilities
and data bases to local boards of realty
and their members through the acquisi­
tion of U.S. Recognition, Inc., Ringwood,
New Jersey

Not yet available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section V - Availability of
CRA Public Evaluations
week ending February 21, 1992
ASSIGNMENT OF RATING
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
OUTSTANDING RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has an outstanding record of,
and is a leader in, ascertaining and helping to meet the
credit needs of its entire delineated community, including
low- and moderate-income neighborhoods, in a manner
consistent with its resources and capabilities.
SATISFACTORY RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome neighborhoods, in a manner consistent with its
resources and capabilities.
NEEDS TO IMPROVE RECORD OF MEETING COMMUNITY CREDIT NEEDS.
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.
SUBSTANTIAL NONCOMPLIANCE IN MEETING COMMUNITY CREDIT NEEDS.
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs
of its entire delineated community, including low-and
moderate-income neighborhoods, in a manner consistent with
its resources and capabilities.

BANK(S) EXAMINED
Farmers State Bank
P. 0. Box 338
Viborg, SD 57070
(605) 326-5226

DATE OF EXAMINATION

CRA RATING

November 12, 1991

Satisfactory

Dakota County State
November 18, 1991
Bank, 750 South Plaza
Drive, Mendota Heights,
MN 55120
(612) 452-1320



Needs to Improve

Federal Reserve Bank of Kansas City

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY
APPLICATION

COMMENT PERIOD ENDING DATE

None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION
Patricia McGee Maino, Oklahoma City,
Oklahoma, for prior approval to
increase her ownership in Comban
Shares, Inc., Oklahoma City,
Oklahoma, by 3.3 percent to 30.6
percent.

COMMENT PERIOD ENDING DATE
Not Available

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
ONLY
APPLICATION
F & M Bancorporation, Tulsa,
Oklahoma, for prior approval to
acquire 5.85 percent of voting shares
of American Trustcorp, Inc., Tulsa,
Oklahoma, thereby to engage in trust
services and management of trust
assets.

COMMENT PERIOD ENDING DATE
Not Available.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
Comban Shares, Inc., Oklahoma City,
Oklahoma, for approval to redeem
14,537 shares of its own voting
common stock.

Not Available

Colwich Financial Corporation,
Colwich, Kansas, for approval to
redeem 449,163.88 shares of its own
voting common stock.

Not Available




Federal Reserve Bank of Kansas City

SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
Identification of Ratings
In connection with the assessment of each insured depository
institution's CRA performance, a rating is assigned from the
following groups:
Outstanding record of meeting community credit needs
An institution in this group has an outstanding record of, and
is a lender in, ascertaining and helping to meet the credit
needs of its entire delineated community, including low- and
moderate-income neighborhoods, in an manner consistent with
its resources and capabilities.
Satisfactory record of meeting community credit needs
An institution in this group has a satisfactory record of
ascertaining and helping to meet the credit needs of its
entire delineated community, including low- and moderateincome
neighborhoods, in a manner
consistent with
its
resources and capabilities.
Needs to improve record of meeting community credit needs
An institution in this group needs to improve its overall
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome
neighborhoods, in a manner
consistent with
its
resources and capabilities.
Substantial noncompliance in meeting community credit needs
An institution in this group has a substantially deficient
record of ascertaining and helping to meet the credit needs of
its entire delineated community, including low- and moderateincome
neighborhoods, in a manner
consistent with
its
resources and capabilities.

Bank/Location

Exam Date

None.*

*Application is subject to CRA.




CRA Public
Date

CRA
Rating

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF FEBRUARY 17, 1992
SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY

APPLICATION

NOTICE EXP

None.
SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

APPLICATION

** NOTICE EXP

Change in Control Notice by
Bobby G. Rozas, Vidor, TX, to acquire an
interest in Vidor Bancorporation, Inc., Vidor, TX

N/A

Change in Control Notice by
Elk Trust, James P. Leake, Dallas, TX, to acquire
an interest in Bandera Bancshares, Inc., Bandera, TX

N/A

Change in Control Notice by
Milford Nelson Bostick, Waco, TX, to acquire an
interest in American National Bancshares, Inc., Waco, TX

N/A

Change in Control Notice by
Quinton E. Daniel and Kathryn S. Daniel, Alamogordo, NM,
to acquire an interest in Western Bancshares of Alamogordo,
Inc., Alamogordo, NM
(Previously reported during the week of 1-6-92)

92/02/14

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.
SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.
* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY.
N/A - NOT AVAILABLE AT THIS TIME.



SECTION V - AVAILABILITY OF CRA PUBLIC EVALUATIONS
FOR THE WEEK OF FEBRUARY 17, 1992

Outstanding record of meeting community credit needs.
An institution in this group has an outstanding
leader in, ascertaining and helping to meet the
entire
delineated community, including
lowneighborhoods,
in a manner
consistent with
capabilities.

record of, and is a
credit needs of its
and
moderate-income
its
resources
and

Satisfactory record of meeting community credit needs.
An institution in this group has a satisfactory record of ascertaining
and helping to meet the credit needs of its entire delineated community,
including low- and moderate-income neighborhoods, in a manner consistent
with its resources and capabilities.
Needs to Improve record of meeting community credit needs.
An institution in this group need to improve its overall record of
ascertaining and
helping to meet the credit needs of
its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.
Substantial Noncompliance in meeting community credit needs.
An institution in this group has a substantially deficient record of
ascertaining and
helping to meet the credit needs of
its entire
delineated community, including low- and moderate-income neighborhoods,
in a manner consistent with its resources and capabilities.

Bank
None.




Date of
Examination

CRA Rating

FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 2/21/92
Section I - Applications Subject to Newspaper Notice Only
Application

Comment Period Ending Date

None
Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Grupo Femsa, S.A. de C.V., Monterrey,
Mexico, to become a bank holding company
by acquiring Bancomer, S.A., Mexico City,
Mexico. *

Newspaper:

3/02/92

Fed. Rea.:

3/10/92

Command Credit Corporation, Rockville Centre,
New York, to become a bank holding company
by acquiring Republic National Bancorp, Inc.,
Phoenix, Arizona. *

Newspaper:

3/07/92

Fed. Rea.:

3/17/92

Section III - Applications Subject to Federal Register Notice Only
Command Credit Corporation, Rockville Centre,
New York, to engage directly in marketing of
secured credit cards; providing loan servicing
regarding credit card products; marketing
merchant accounts; providing financial advice,
data processing services, management consulting;
and operating a collection agency.

Fed. Rea.:

3/17/92

BankAmerica Corporation, San Francisco,
California, to engage in nonbaking activities
through the acquisition of H.F. Holdings, Inc.,
Marina del Rey, California.

Fed. Rea.:

Not available

Landmark Bancorp, La Habra, California, to
engage de novo in consumer finance; credit
card; mortgage; commercial finance; and
factoring activities in a yet-to-be named
nonbanking subsidiary.

Fed. Rea.:

3/20/92

The Dai-Ichi Kangyo Bank, Limited, Tokyo,
Japan, to engage de novo in operating a
collection agency through The CIT Group
Holdings, Inc., New York, New York.

Fed. Reg.:

Not available

Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None
*

Subject to CRA




FEDERAL RESERVE BANK OF SAN FRANCISCO (cont'd.)

Week ending 2/21/92
Section V - Availability of CRA Public Evaluations
The CRA public evaluations of the institution(s) below became available during
the week ending February 21, 1992. Information about a particular
institution's CRA evaluation may be obtained directly from the institution.
Institution

Location

Examination Date

Rating*

None

* Under the rating system an institution's CRA performance is assigned one of
the following four ratings:
Outstanding record of meeting community credit needs: An institution has an
outstanding record of, and is a leader in, ascertaining and helping to meet
the credit needs of its entire delineated community, including low- and
moderate-income neighborhoods, in a manner consistent with its resources and
capabilities.
Satisfactory record of meeting community credit needs: An institution has a
satisfactory record of ascertaining and meeting the credit needs of its entire
delineated community, including low- and moderate-income neighborhoods, in a
manner consistent with its resources and capabilities.
Needs to improve record of meeting community credit needs: An institution
needs to improve its overall record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.
Substantial noncomoliance in meeting community credit needs: An institution
has a substantially deficient record of ascertaining and helping to meet the
credit needs of its entire delineated community, including low- to moderateincome neighborhoods, in a manner consistent with its resources and
capabilities.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102