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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1983 No. 9)
Actions of the Board; Applications and Reports
Received During the Week Ending February 26, 1983
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Statement by Chairman Paul A. Volcker before the
Senate Budget Committee to discuss the current
economic and budgetary s i t u a t i o n and the Federal
Reserve's goals f o r monetary p o l i c y .
Statement by Vice Chairman Preston Martin before
the Subcommittee on Financial I n s t i t u t i o n s
Supervision, Regulation and Insurance of the House
Banking Committee to discuss the potential
e f f e c t of supervisory policies on the level of
home and farm loan foreclosures and the need for
additional measures to assist f i n a n c i a l l y troubled
homeowners.
Regulation Y, proposed amendment to add discount
securities brokerage and securities credit lending
to the l i s t of nonbanking a c t i v i t i e s permissible
for bank holding companies; the Board asked for
comment by April 8, 1983.
Regulation U, Credit by Banks, complete revision and
s i m p l i f i c a t i o n of Regulation U; proposed r u l e ;
the Board asked for comment by April 22, 1983.
(Docket No. R-0458)
Regulation G, Securities Credit by Persons other
than Banks, Brokers or Dealers, complete revision
and s i m p l i f i c a t i o n of Regulation G; proposed r u l e ;
the Board asked for comment by April 22, 1983.
(Docket No. R-0457)
Consumer Advisory Council meetings, to be held on
March 16 and 17, in sessions open to the public.
H.2, 1983N0. 9.
- 2 ACTIONS OF THE BOARD - Continued
Atlanta
Bank of Gonzales Holding Company, I n c . , Gonzales,
Louisiana, extension of time to May 25, 1983,
w i t h i n which to become a bank holding company
through the acquisition of Bank of Gonzales,
Gonzales, Louisiana. ] J
Dallas
Borger F irst Corporation, Borger, Texas, extension
of time t o May 21, 1983, within which to acquire
F i r s t National Bank of Borger, Borger, Texas. ] /
Kansas City
Cook Investment, I n c . , Beatrice, Nebraska, extension
of time t o July 20, 1983, within which to acquire
Beatrice National Corporation, Beatrice, Nebraska. ]_/
Philadelphia
DNB Financial Corporation, Downingtown, Pennsylvania,
extension of time to July 1, 1983, within which
to become a bank holding company through the
acquisition of 100 percent of the voting shares
of Downingtown National Bank, Downingtown, Pennsylvania. ]_/
Dal las
F i r s t New Mexico Financial Corporation, Deming, New
Mexico, extension of time to May 13, 1983, within
which to acquire Deming National Bank, Deming, New
Mexico, 1/
Atlanta
F i r s t Springfield National Corp., Springfield,
Tennessee, extension of time to May 18, 1983, w i t h i n
which to become a bank holding company through the
acquisition of the F i r s t National Bank of Springfield,
Springfield, Tennessee. ]_/
Atlanta
Gulf State Bancorp, Carrabelle, Florida, extension of
time to May 14, 1983, within which to become a bank
holding company through the acquisition of Gulf
State Bank of Franklin County, Carrabel l e , Florida. ]_/
Atlanta
Hardee Banking Corporation, Wauchula, Florida, extension
of time to May 20, 1983, within which to become a bank
holding company through the acquisition of First
National Bank of Wauchula, Wauchula, Florida. J /
Atlanta
Interstate Bank Holding Company, Coral Gables, Florida,
extension of time to April 11, 1983, within which to
become a bank holding company through the acquisition
of the Bank of Coral Gables, Coral Gables, Florida. 1/
T7
Application processed on behalf of the Board of Governors under
delegated authority.
H.2, 1983 No. 9
- 3 ACTIONS OF THE BOARD - Continued
Dallas
Lancaster Bancshares, I n c . , Lancaster, Texas,
extension of time t o May 20, 1983, within which
t o acquire The F i r s t National Bank of Lancaster,
Lancaster, Texas. 1/
San
Francisco
Landmark Bancorp, La Habra, C a l i f o r n i a , extension
of time t o May 14, 1983, within which to become a
bank holding company through the acquisition of
Landmark Bank, La Habra, C a l i f o r n i a . V
Richmond
National Banc of Commerce Company, Charleston, West
V i r g i n i a , extension of time t o June 30, 1983,
w i t h i n which to become a bank holding company
through the acquisition of The National Bank of
Commerce of Charleston, Charleston, West V i r g i n i a . V
Dallas
Oaklawn Financial Corporation, Texarkana, Texas, extension of time to May 15, 1983, within which to
acquire Oaklawn Bank, Texarkana, Texas. ]_/
Atlanta
Pan American Banks I n c . , Mi ami, Florida, extension of
time t o May 20, 1983, within which to acquire
Peoples National Bank of Commerce, Miami, Florida,
and Peoples Hialeah National Bank, Hialeah, Florida. ]_/
Atlanta
Park National Corporation, Knoxvilie, Tennessee, extension of time t o May 25, 1983, within which to
become a bank holding company through the acquisition
of Park National Bank of Knoxvilie, Knoxvi1le, Tennessee. ]_/
San
Francisco
SDN Bancorp, Encinitas, C a l i f o r n i a , extension of time
to May 27, 1983, within which to become a bank holding
company by acquiring 100 percent of the voting shares
of San Dieguito National Bank, Encinitas, California. ]_/
Kansas City
Security Bancshares, I n c . , Albany, Missouri, extension
of time to May 28, 1983, within which to acquire Albany
State Bank, Albany, Missouri. j y
Kansas City
Alpine Bank, Eagle, Colorado, a proposed new bank, extension of time to May 27, 1983, within which to
accomplish membership in the Federal Reserve System. ]_/
Atlanta
Central Bank of the South, Birmingham, Alabama, an
investment in bank premises. ]_/
]_/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 9
- 4 ACTIONS OF THE BOARD - Continued
Atlanta
South County Bank, Venice, Florida, an investment
in bank premises. ]_/
San
Francisco
American City Bank, Long Beach, C a l i f o r n i a , proposed
purchase of assets and assumption of l i a b i l i t i e s
of the Long Beach Regional Office of American, by
Queen City Bank, N.A., Long Beach, C a l i f o r n i a , a
proposed new bank, under the charter and t i t l e of
the l a t t e r ; report to the Federal Deposit Insurance
Corporation on competitive factors. ]_/
Atlanta
Avon Citrus Bank, Avon Park, Florida, proposed merger
with Sun Bank/Highlands County, N.A., Avon Park,
Florida; report to the Federal Deposit Insurance
Corporation on competitive factors. ]_/
Richmond
Beckley National Bank, Beckley, West V i r g i n i a , proposed
merger with Appalachian National Bank, Beckley, West
V i r g i n i a , a proposed new bank; report to the Comptroller
of the Currency on competitive factors. V
Minneapolis
Capital City Bank, St. Paul, Minnesota, proposal to
merger with Oak Park Heights State Bank, S t i l l w a t e r ,
Minnesota; report to the Federal Deposit Insurance
Corporation on competitive factors. J_/
Atlanta
Citizens Bank, New Tazewell, Tennessee, proposed merger
with Citizens Interim Bank, New Tazewell, Tennessee;
report to the Federal Deposit Insurance Corporation
on competitive factors. ]_/
Atlanta
F i r s t National Bank of Thomson, Thomson, Georgia, proposed merger with Interim F i r s t National Bank of
Thomson, Thomson, Georgia; report to the Comptroller
of the Currency on competitive factors. ]_/
Atlanta
Flagler National Bank of the Palm
Beach, Florida, proposed merger
National Bank, West Palm Beach,
the Comptroller of the Currency
Atlanta
Florida Center Bank, Orlando, Florida, proposed merger
with Orlando State Bank, Orlando, Florida; report
to the Federal Deposit Insurance Corporation on
competitive factors. 1/
T7
Beaches, West Palm
with Flagler Interim
Florida; report to
on competitive factors. J_/
Application processed on behalf of the Board of Governors under
delegated authority.
I
H.2, 1983 No. 9
- 5 ACTIONS OF THE BOARD - Continued
Atlanta
Florida National Bank, J a c k s o n v i l l e , F l o r i d a , proposed merger w i t h 15 banks a l l of which are
subsidiaries of Florida National Banks of F l o r i d a ,
I n c . , Jacksonville, F l o r i d a ; report t o the Comptroller
of the Currency on competitive f a c t o r s . V
New York
Key Bank of Central New York, Syracuse, New York,
proposal t o acquire the assets and assume the
l i a b i l i t i e s of the Fulton o f f i c e of Key Bank of
Northern New York, N.A., Watertown, New York;
report t o the Federal Deposit Insurance Corporation
on competitive f a c t o r s . V
St. Louis
Landmark North County Bank and Trust Company, Jennings,
Missouri, proposed merger with Landmark Central Bank
and Trust Company, Wellston, Missouri; report t o the
Federal Deposit Insurance Corporation on competitive
factors. J /
Richmond
South Carolina National Bank, Charleston, South Carolina,
proposed merger with Bank of Gaffney, Gaffney, South
Carolina; report t o the Comptroller of the Currency
on competitive f a c t o r s . 1/
1/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 9
- 6 ACTIONS OF THE BOARD - Continued
To Establish a Domestic Branch Pursuant
t o Section 9 of the Federal Reserve Act
Approved
Flagship Bank of Tampa, Tampa, Florida. To
establish a branch at 4923 Cypress Street,
Tampa, Florida. 1/
Atlanta
*
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*
*
Issued Intent Not t o Disapprove Change of Control
Pursuant to Change in Bank Control Act of 1978
Kansas City
Not Disapproved
F i r s t Wakeeney Agency, I n c . , Wakeeney, Kansas. ]_/
*
*
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*
*
To Form a Bank Holding Company Pursuant t o Section
3(a)(1) of the Bank Holding Company Act of 1956
New York
Richmond
Withdrawn
W.L.T. Asian Holding Company (H.K.) L t d . , Hong
Kong, B.C.C., for approval t o acquire at least
75 percent of the voting shares of Community
National Bank and Trust Company of New York,
Staten Island, New York.
Approved
LSB Bancshares, I n c . , Lexington, North Carolina,
for approval to acquire 100 percent of the voting
shares of the successor by merger t o Lexington
State Bank, Lexington, North Carolina. V
Atlanta
CBA Bancshares, I n c . , Americus, Georgia, for approval
to acquire 100 percent of the votiny shares of
Citizens Bank of Americus, Americus, Georgia. 1/
Atlanta
Citizens Holding Company, Lexington, Georgia, for
approval t o acquire at least 80 percent of the
voting shares of Citizens Banking Company,
Lexington, Georgia. 1/
1/
~
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 9
- 7 ACTIONS OF THE BOARD - Continued
Atlanta
F i r s t Bancorporation of Geraldine, I n c . , Geraldine,
Alabama, for approval to acquire at least 80
percent of the voting shares of Bank of Geraldine,
Geraldine, Alabama. 1/
At!anta
F i r s t North Port Bancorp, North Port, Florida, for
approval to acquire 100 percent of the voting
shares of North Port Bank, North Port, Florida. J /
Atlanta
Sunset Financial Corporation, Miami, Florida, for
approval t o acquire at least 80 percent of the
voting shares of Sunset Commercial Bank, Miami,
Florida. JJ
Atlanta
Wayne County Bancshares, I n c . , Waynesboro, Tennessee,
for approval t o acquire at least 80 percent of the
voting shares of Wayne County Bank, Waynesboro,
Tennessee. V
Chicago
First State Bancorp of Princeton, I l l i n o i s , I n c . ,
Princeton, I l l i n o i s , f o r approval t o acquire 100
percent of the voting shares (less d i r e c t o r s '
q u a l i f y i n g shares) of the successor by merger to
F i r s t State Bank of Princeton, Princeton, I l l i n o i s
and at least 80 percent of Farmers' State Bank of
Sheffield, Sheffield, I l l i n o i s .
Chicago
First Sterling Bancorp., I n c . , Moline, I l l i n o i s ,
for approval to acquire at least 80 percent of
the voting shares of F i r s t National Bank of S t e r l i n g ,
S t e r l i n g , I l l i n o i s . 1/
Chicago
SSB Bancshares, Inc., Marshall town, Iowa, f o r approval
to acquire 100 percent of the voting shares of the
successor by merger t o Security Savings Bank,
Marshall town, Iowa. ]_/
St. Louis
Central Arkansas Bancshares, I n c . , Malvern, Arkansas,
f o r approval t o acquire at least 80 percent of the
voting shares of Bank of Malvern, Malvern, Arkansas. 1/
St. Louis
F i r s t State Bancorp., I n c . , Caruthersvilie, Missouri,
f o r approval to acquire at least 80 percent of the
voting shares of F i r s t State Bank of Caruthersville,
Caruthersvilie, Missouri. 1/
]7
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 9
- 8 ACTIONS OF THE BOARD - Continued
St. Louis
Fulton Bancshares, I n c . , Fulton, Kentucky, f o r
approval t o acquire at l e a s t 80 percent of the
v o t i n g shares of Fulton Bank, Fulton, Kentucky.
V
St. Louis
Golden Oaks Bancshares I n c . , Waldo, Arkansas, f o r
approval t o acquire at least 80 percent of the
v o t i n g shares of Peoples Bank, Waldo, Arkansas. 1/
Minneapolis
Claremont Bancshares, I n c . , Claremont, Minnesota,
f o r approval t o acquire at least 82.94 percent
of the voting shares of Security State Bank of
Clarement, Claremont, Minnesota. J /
Kansas City-
Cedar Rapids State Company, Cedar Rapids, Nebraska,
f o r approval to acquire 100 percent of the voting
shares of Cedar Rapids State Bank, Cedar Rapids,
Nebraska. 1/
Kansas City
Custer Bancorp., W e s t c l i f f e , Colorado, f o r approval
t o acquire at least 80 percent of the voting shares
of L i b e r t y State Bank, Colorado Springs, Colorado
and Custer County Bank, W e s t c l i f f e , Colorado. V
Kansas City
Derby Financial Corporation, Wichita, Kansas, f o r
approval t o acquire at least 96.7 percent of the
v o t i n g shares of Derby Bancshares, I n c . , Derby,
Kansas and i n d i r e c t l y F i r s t National Bank of
Derby, Derby, Kansas, j /
Kansas City
Lafayette County Bancshares, I n c . , Lexington, Missouri,
f o r approval t o acquire at least 82.6 percent of the
voting shares of Lafayette County Bank of Lexington/
Wellington, Wellington, Missouri. \J
Dallas
Lakeside Bancshares, I n c . , Rockwall, Texas, f o r
approval t o acquire at least 80 percent of the voting
shares of Lakeside National Bank, Rockwall, Texas. 1_/
San
Francisco
Security Bank Holding Company, Myrtle P o i n t , Oregon,
f o r approval t o acquire 100 percent of the voting
shares of Security Bank of Coos County, Myrtle P o i n t ,
Oregon. 1/
*
T7
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*
A p p l i c a t i o n processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 9
5 ACTIONS OF THE BOARD - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of trie Bank Holding Company Act of 1956
York
Approved .
Norstar Bancorp, I n c . , Albany, New Ycrk, for
approval to acquire at least 67,f percent and
u$i to 100 percent of the voting shares of
Bank of Commerce, New York; New York, J /
Atlanta
.America Corporation, Morgan City* Louisiana, for
approval t o acquire 100 percent of the voting
shares of America Bank in Louisiana, Morgan City,
Louisiana. 1/
Kansas Cily
Chisholm T r a i l Financial Corporation, Wichita, Kansas5
for approval t o acquire at least 24.9 percent of the
voting shares of Derby Financial Corporation, Wichita,
Kansas and i n d i r e c t l y Fi rst National Bank of Derby,
Wichita, Kansas. V
San
Francisco
Orange Bancorp, Fountain Valley, C a l i f o r n i a , for
approval to acquire 51 percent of the voting shares
of The Bank of Northern C a l i f o r n i a , San Jose,
C a l i f o r n i a , a proposed new bank. Vf
San
Francisco
Puget Sound Bancorp, Tacoma, Washington, for approval
to acquire 100 percent of the voting shares of The
San Juan County Bank, Friday Harbor, Washington. 1/
*
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To Expand a Bank Holding Company Pursuant t o Section
4(c)(8) of the Bank Holding Company Act of 1956
San
Francisco
J/
Approved
Utah Bancorporation, Salt Lake C i t y , Utah, for
approval to continue the nonbanking a c t i v i t i e s of
leasing personal property and sale of c r e d i t related l i f e and d i s a b i l i t y insurance, through
i t s subsidiary, Intermountain T h r i f t and Loan,
Salt Lake C i t y , Utah. 1/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 9
- 10 ACTIONS OF THE BOARD - Continued
Minneapolis
Kansas City
3/
Del ayed
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s
(consumer and commercial finance, and the sale of
c r e d i t - r e l a t e d insurance, including c r e d i t l i f e ,
c r e d i t accident and health and property and c r e d i t related casualty insurance related t o extensions of
c r e d i t by Dial Finance Company of Colorado [such
sale of c r e d i t - r e l a t e d insurance being a permissible
a c t i v i t y under Subparagraph D of T i t l e VI of the
Garn-St. Germain Depository I n s t i t u t i o n s Act of
1982]) from 8420 West Colfax Avenue, Denver,
Colorado, t o 8410 Wadsworth Boulevard, Suite F,
Arvada, Colorado, which o f f i c e , upon r e l o c a t i o n ,
w i l l serve Arvada, Colorado, other nearby suburbs
of Denver, Colorado, and Denver, Colorado, through
i t s subsidiary, Dial Finance Company of Colorado (2/25/83) 3/
Colorado National Bankshares, I n c . , Denver,
Colorado, f o r approval t o expand i t s credit l i f e
and d i s a b i l i t y and hazard insurance coverages,
through i t s subsidiary, Colorado National
Insurance Agency, to six of i t s recently acquired
subsidiary banks: Colorado National Bank-Arvada,
Arvada, Colorado; Colorado National Bank-Aurora,
Aurora, Colorado; Colorado National Bank-Boulder,
Boulder, Colorado; Colorado National Bank-Exchange,
Colorado Springs, Colorado; Colorado National BankBel mont, Pueblo, Colorado; and Colorado National
Bank-Pueblo, Pueblo, Colorado; the respective
geographic scopes for the above locations w i l l be
the c i t y of Arvada, Colorado and the eastern portion
of Golden, Colorado; the City of Aurora, Colorado;
the c i t y of Boulder, Colorado; El Paso County plus
the town of Woodland Park, Colorado and Pueblo
County, Colorado (2/24/83) 3/
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 N0. 9
-11AC11QNS OF THE BOARD - Continued
Mew York
Permitted
Chemical New York Corporation, New York, New York,
requests permission to relocate an existing o f f i c e
engaging in the following a c t i v i t i e s (making or
acquiri.no loans and other extensions of credit to
businesses including, but not l i m i t e d t o , inventory
financing; making or acquiring extensions of credit
secured by personal property lease contracts;
making available to i t s debtors credit l i f e , credit
accident and health, mortgage l i f e , mortgage d i s a b i l i t y ,
and property and casualty insurance, a l l d i r e c t l y
related to such extensions of c r e d i t ) from 10641 North
28th Drive, Phoenix, Arizona to 1225 West Baseline
Road, Mesa, Arizona, through i t s subsidiary, Sunamerica Financial Corporation (2/23/83) 3/
New York
Manufacturers Hanover Corporation, New York, New
York, requests permission to establish a de novo
o f f i c e engaging in the following a c t i v i t i e s (in
making or acquiring, for i t s own account or for
the account of others, loans and other extensions of
c r e d i t such as would be made by a mortgage company,
and servicing any such loans and other extensions
of credit for any person) at 17000 Preston Road,
Dallas, Texas, through i t s subsidiary, Manufacturers
Hanover Mortgage Corporation (2/19/83) 3/
Richmond
Dominion Bankshares Corporation, Roanoke, V i r g i n i a ,
n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s
(mortgage banking a c t i v i t i e s of o ri g i n a ti n g resident i a l , commercial, i n d u s t r i a l , and construction loans
for i t s own account and for sale to others, servicing
such loans for others, and engaging in the sale of
credit l i f e insurance and credit accident and health
insurance; and, to continue t o engage through i t s
subsidiary, Dominion Bankshares Services, I n c . , in
acting as insurance agent or broker with respect to
c r e d i t l i f e insurance and credit accident and
health insurance related t o or a r i s i n g out of loans
made or c r e d i t transactions involving Dominion Bankshares Mortgage Corporation) from Suite 300, Belle
Meade Office Park, 4515 Harding Road, Nashville,
Tennessee to Continental Plaza, Suite 333, 4301
Hillsboro Road, Nashville, Tennessee, through i t s
subsidiary, Dominion Mortgage Corporation (2/26/83) _3/
37
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 No. 9
ACTIONS OF THE BOARD - Continued
Chicaao
Citizens Bancorporation, Sheboygan, Wisconsin,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s ( f o r the purpose of providing management consulting advice and data processing
services) at 636 Wisconsin Avenue, Sheboygan,
Wisconsin, servicing the e n t i r e state of
Wisconsin, through i t s subsidiary, Citizens
Management Services Corporation (2/25/83) 3/
Crricago
NBD Banco, p, I n c . , D e t r o i t , Michigan, n o t i f i c a t i o n
of intent to engage i n de novo a c t i v i t i e s
(mortgage banking a c t i v i t i e s ) at 1737 University
Drive, Plantation, Florida, the geographic area
t o be served i s the state of Florida, through i t s
subsidiary, NBD Mortgage Company (2/25/83) ZJ
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate 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 and commercial finance,
and the sale of c r e d i t - r e l a t e d insurance including
credit-accident and health, c r e d i t - l i f e , and property
and c r e d i t - r e l a t e d casualty insurance related to
extensions of credit by Dial Finance Company of
California [such sale of c r e d i t - r e l a t e d insurance
being permissible a c t i v i t y under Subparagraph D of
t i t l e VI of the Garn-St. Germain Depository I n s t i t u t i o n s Act of 1982]) from 3686 Santa Barbara Avenue,
Broadway, Crenshaw Center, Los Angeles, California
t o 3815 Culver Center Street, Culver C i t y , C a l i f o r n i a ,
serving Culver City, C a l i f o r n i a , other nearby suburbs
of Los Angeles, C a l i f o r n i a , and Los Angeles, C a l i f o r n i a ,
through i t s subsidiary, Dial Finance Company of
C a l i f o r n i a (2/24/83) 3/
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent t o relocate de novo a c t i v i t i e s
(in the a c t i v i t i e s of consumer and commercial finance,
and the sale of c r e d i t - r e l a t e d insurance including
credit-accident and health, c r e d i t - l i f e , and property
and c r e d i t - r e l a t e d casualty insurance related to
extensions of credit by Dial Finance Company of
Calif ornia [such sale of c r e d i t - r e l a t e d insurance
being permissible a c t i v i t y under Subparagraph D of
T i t l e VI of the Garn-St. Germain Depository
I n s t i t u t i o n s Act of 1982]) from 7721 Inwood
Road, Dallas, Texas to Executive Plaza, 1515
West Mockingbird Lane, Dallas, Texas, through
i t s subsidiary, Dial Finance Company of Texas
(2/24/83) 3/
17
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 No. 9
-13ACTIONS OF THE BOARD - Continued
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate 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 and
commercial finance, and the sale of c r e d i t - r e l a t e d
insurance including credit-accident and health,
c r e d i t - l i f e , and property and c r e d i t - r e l a t e d
casualty insurance related to extensions of
e r g j i t by Dial Finance Company of California
[such sale of c r e d i t - r e l a t e d insurance being
a permissible a c t i v i t y under Subparagraph D of
T i t l e VI of the Garn-St. Germain Depository
I n s t i t u t i o n s Act of 1982) from 226 Gus Thomasson
Read, Dallas, Texas to Leohmann's Plaza, 11411
Northwest Highway, Suite 101, Dallas, Texas,
through i t s subsidiary, Dial Finance Company of
Texas (2/24/83) 3/
Dallas
F i r s t City Financial Corporation, Albuquerque, New
Mexico, n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s ( i n providing data processing andTata
transmission services, data bases or f a c i l i t i e s
[including data processing and data transmission
hardware, software, documentation and operating
personnel] f o r the internal operations of First
City Financial Corporation and i t s subsidiaries,
and i n providing to others data processing and
transmission services, f a c i l i t i e s or data bases)
at 2155 Louisiana Boulevard, NE, Albuquerque, New
Mexico and 200 East Broadway, Hobbs, New Mexico,
serving New Mexico and West Texas, through i t s
subsidiary, F i r s t City Data Corp. (2/26/83) 3/
San
Francisco
BankAmerica Corporation, San Francisco, C a l i f o r n i a ,
n o t i f i c a t i o n of intent t o engage i n de novo
a c t i v i t i e s (making or acquiring f o r I t s own account
loans and other extensions of c r e d i t such as would
be made or acquired by a finance company; servicing loans and other extensions of c r e d i t ; and
o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t related accident and health insurance; c r e d i t related property insurance w i l l not be offered by
the above-named corporation; such a c t i v i t i e s w i l l
include, but not be l i m i t e d t o , making loans and
other extensions of c r e d i t to businesses, purchasing installment sales finance contracts,
making loans secured by real and personal property,
and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and
3/
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
H.2, 1983 No. 9
- 14 ACTIONS OF THE BOARD - Continued
c r e d i t - r e l a t e d accident and health insurance;
d i r e c t l y related to extensions of credit made or
acquired by FinanceAmerica Mortgage Services
Company; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d
accident and health insurance may be reinsured
by BA Insurance Company, I n c . , an a f f i l i a t e
of FinanceAmerica Mortgage Services Company)
at 7611 L i t t l e River Turnpike, Annandale,
V i r g i n i a , serving the e n t i r e state of V i r g i n i a
and the D i s t r i c t of Columbia, through i t s subs i d i a r y , FinanceAmerica Mortgage Services Company
(a Virginia corporation) (2/20/83) 3/
•a
Francisco
F i r s t Interstate Bancorp, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of intent t o engage i n de novo
a c t i v i t i e s (to engage in extending and arranging
c r e d i t for specialized p r o j e c t s ; i n servicing
such extensions of c r e d i t ; and in acting as
investment or financial advisor by providing
general economic information and advice, general
economic s t a t i s t i c a l forecasting services and
industry studies t o projects for which financing
is arranged) at 707 Wilshire Boulevard, Los
Angeles, C a l i f o r n i a , serving North America, Central
America, South America, A u s t r a l i a , and the rest of
the world, through i t s subsidiary, F i r s t Interstate
Merchant Bankers Ltd. (2/21/83) V
San
Francisco
Midland Bank p i c , Midland C a l i fo rn i a Holdings, Ltd.
both of London, England and Crocker National Corporation, San Francisco, C a l i f o r n i a , propose to
engage, through Crocker National Corporation in
(making or acquiring loans and other extensions
of c r e d i t t o borrowers located worldwide) these
a c t i v i t i e s would be conducted from the o f f i c e s
of Crocker National Corporation located at One
Montgomery Street, San Francisco, California (2/26/83) 3/
3/
~
4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the
Board of Governors under delegated a u t h o r i t y .
1
H.2, 1983 No. 9
-15ACTIONS OF THE BOARD - Continued
To Issue E l i g i b l e Acceptances Up t o
200 Percent of Paid-in Capital and Surplus
Philadelphia
iy
Approved
Morgan Bank" (Delaware),
increase i t s level of
outstanding up t o 200
to'Section 207 of the
Wilmington, Delaware: t o
e l i g i b l e bankers' acceptances
percent of c a p i t a l , pursuant
Bank Export Services Act. j_/
Application processed on behalf of the Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 9
-16 APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Richmond
Union Trust Company of Maryland, Baltimore, Maryland.
To establish a customer-bank communication terminal
at 600 North Walfe Street, Baltimore, Maryland. 2/
Richmond
Union Trust Company of Maryland, Baltimore, Maryland.
To establish a branch at the intersection of
Monument and Castle Streets, Baltimore, Maryland. 2/
*
*
*
*
*
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
San
Francisco
Western Security Bank, Phoenix, Arizona. 2/
*
*
*
*
*
Applications and Notifications f o r 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
New York
Citibank Overseas Investment Corporation, Wilmington,
Delaware: requests consent to (1) determine,
pursuant to Section 211.5(b)(1)(i) of Regulation K,
that the provision of travel agency services
through Diners Travel Sociedad Anonima, Comercial y
Financiera, Buenos Aires, Argentina ("Diners Travel")
is usual in connection with the transaction of the
business of banking or other financial operations
in Argentina, and (2) extend the d i v e s t i t u r e deadl i n e with respect t o COIC's holding of Diners Travel
f o r six months from February 26, 1983 t o allow the
Board time to consider COIC's request.
New York
National Bank of Canada, Montreal, Canada: requests
agreement and consent of the Board t o an agreement
t o l i m i t the deposit-taking a c t i v i t i e s of a
Federal branch i n Chicago, I l l i n o i s ,
27
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as t o the length of the comment period.
H.2, 1983 No. 9
- 17 APPLICATIONS RECEIVED - Continued
Dal las
RepublicBank Corporation, Dallas, Texas: p r i o r
n o t i f i c a t i o n of intent t o make an i n i t i a l investment in RepublicBank Overseas Finance Corporation,
N.V., Nether!and A n t i l l e s .
*
*
*
*
*
To Form a Bank Holding Company Pursuant t o Section
3(a)(1) of the Bank Holding Company Act of 1956
Boston
Cambridge Bancorp, Cambridge, Massachusetts, for
approval to acquire 100 percent of the voting
shares of Cambridge Trust Company, Cambridge,
Massachusetts. 2]
Atlanta
Ardmore Bancshares, I n c . , Ardmore, Tennessee, for
approval t o acquire at least 80 percent of the
voting shares of Bank of Ardmore, Ardmore,
Tennessee. 2/
Atlanta
F i r s t United Corporation, Jackson, Mississippi,
for approval to acquire at least 80 percent of
the voting shares of Ashland Capital Corporation,
I n c . , Ashland, Alabama, and i n d i r e c t l y , 98.67
percent of The National Bank of Ashland, Ashland,
Alabama. 2/
Atlanta
Sunshine Bankshares Corporation, Fort Walton Beach,
Florida, for approval to acquire at least 80 percent
of the voting shares of Sunshine Bank of Fort
Walton, Fort Walton Beach, Florida. 2/
Chicago
Mercantile Bancorp, I n c . , Hammond, Indiana, for
approval to acquire at least 80 percent or more
of the voting shares of Mercantile National Bank
of Indiana, Hammond, Indiana. 2/
Chicago
St. Ansgar Bancorporation, St. Ansgar, Iowa, for
approval to acquire at least 80 percent of the
voting shares of St. Ansgar State Bank, St.
Ansgar, Iowa. 2/
27
Application subject to Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1983 NO. 9
- 18 APPLICATIONS RECEIVED - Continued
Chicago
WCB Corporation, Omro, Wisconsin, for approval to
acquire at least 94.86 percent or more of the
voting shares of Winnebago County Bank, Omro,
Wisconsin. 2/
St. Louis
Purchase Area Bancorp, I n c . , Bardwel1, Kentucky,
for approval to acquire at least 80-100 percent
of the voting shares of Bardwel1 Deposit Bank,
Bardwel 1, Kentucky. l j
Kansas City
Fairplay Bancorpcration, I n c . , Fairplay s Colorado,
for approval to acquire at least 90.4 percent of
the voting shares of The Bank of Fairplay,
Fairplay, Colorado. 2f
Kansas City
F i r s t Fowler Bancorp, I n c . , Fowler, Colorado, for
approval t o acquire 100 percent of the voting
shares of F i r s t National Bank of Fowler, Fowler,
Colorado. 2/
Kansas C'ty
T-Mark Corporation, Cheyenne, Wyoming, for approval
to acquire* at least 92.1 percent of the voting
shores of Farmers State Bank, Lyman, Nebraska. 2/
Dallas
Alvord Financial Corporation. Alvord, Texas, for
approval t o acquire at least 95.5 percent of the
voting shares of Alvord National Bank, Alvord, Texas, 2J
Dallas
Pha r Financial Corporation, Pharr, Texas, for
approval to acquire at least 80 percent of the
voting shares of Security State Bank, Pharr,
Texas. 2/
San
Francisco
Bay Bancorpcration, San Leandro, C a l i f o r n i a , for
approval to acquire 100 percent of the voting
shares of Bay Bank of Commerce, San Leandro,
C a l i f o r n i a . 7J
San
Francisco
F i r s t Banksnares, I n c . , St. George, Utah, for
approval to acquire at least 80 percent of the
voting shares of Dixie State Bank, St. George,
Utah. 2/
*
27
*
*
*
*
Application suEject t o Community Reinvestment Act. The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1983 No. 9
- 19 APPLICATIONS RECEIVED - Continued
To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
St. Louis
F i r s t Bancorp of B e l l e v i l l e , I n c . , B e l l e v i l l e ,
I l l i n o i s , for approval to acquire 100 percent
of the voting shares of the successor by merger to
Fairview Heights Community Bank, Fairview Heights,
II l i noi s. Zj
Dallas
Andrews Financial Corporation, Andrews, Texas, f o r
approval to acquire at least 80 percent of the
voting shares of F i r s t National Bank of Hamilton,
Hamilton, Texas. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Boston
F irst National Boston Corporation, Boston, Massachusetts,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
(providing management consulting advice to nona f f i l i a t e d bank and nonbank depository i n s t i t u t i o n s )
at 100 Federal Street, Boston, Massachusetts,
serving the e n t i r e United States, through i t s
i n d i r e c t subsidiary, FBC, Inc. (2/22/83)
Bos ton
Old Stone Corporation, Providence, Rhode Island,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
. (the underwriting, through reinsurance, of c r e d i t
l i f e and credit accident and health insurance d i r e c t l y
related to extensions of c r e d i t ) in Jacksonville,
F l o r i d a , the service area for t h i s a c t i v i t y would be
the State of South Carolina, through i t s indirect
subsidiary, The Motor Life Insurance Company (2/22/83)
Bos ton
Old Stone Corporation, Providence, Rhode Island,
n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s
(the o r i g i n a t i o n , sale and servicing of f i r s t and
second mortgage loans; acting as agent in the sale
of c r e d i t l i f e and credit accident and health
insurance and acting as agent in the sale of
casualty insurance on property mortgaged i n connection
2/
Application subject to Community Reinvestment Act, The Community
A f f a i r s Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
- 2 0 -
APPLICATIONS RECEIVED - Continued
with extensions of c r e d i t ) at Suite 502, 3700
Forest Drive, Columbus, South Carolina and
Suite 500-A, Piedmont East, 37 V i l l a Road,
Greenville, South Carolina, serving central and
northwestern South Carolina (2/22/83)
Bankers Trust New York Corporation, New York,
New York, requests permission to establish a
de novo o f f i c e engaging in the following a c t i v i t i e s
%making or acquiring loans or other extensions of
c r e d i t such as would be made by a commercial
finance company, including commercial loans
secured by a borrower's accounts receivable,
inventory or other assets; purchasing or acquiring
accounts receivable and making advances thereon as
would be done by a f a c t o r ; servicing such loans
or accounts for others; and acquiring and s e l l i n g
p a r t i c i p a t i o n s in such obligations) at Suite 1801,
Cain Tower, 229 Peachtree Street NE, Atlanta,
Georgia, through i t s wholly-owned subsidiary, BT
Commercial Corporation (2/22/83)
Barclays Bank PLC and Barclays Bank International
Limited, both of London, England, request permission
to relocate an o f f i c e engaging in the following
a c t i v i t i e s ( ( I ) making direct consumer loans,
including loans secured by real estate, and purchasing sales finance contracts representing
extensions of c r e d i t such as would be made or
acquired by a consumer finance company, and
wholesale financing [ f l o o r planning]; ( I I ) acting
as agent for the sale of related c r e d i t l i f e ,
c r e d i t accident and health and credit property
insurance; c r e d i t l i f e and credit accident and
health insurance sold as agent may be underwritten
or reinsured by BAF's and BAM's insurance underw r i t i n g a f f i l i a t e s and ( I I I ) s e l l i n g at r e t a i l
travelers checks issued by Barclays Bank I n t e r national Limited) from 1286 S, High Street, Columbus,
Ohio to 2700 East Dublin-Granville Road, Columbus,
Ohio, through t h e i r subsidiaries, BarclaysAmerican/
Financial, Inc. (2/24/83)
Barclays Bank PLC and Barclays Bank International
Limited, both of London, England, request permission
to relocate an o f f i c e engaging i n the following
a c t i v i t i e s ( ( I ) making direct consumer loans,
including loans secured by real estate, and purchasing sales finance contracts representing
extensions of c r e d i t such as would be made or
APPLICATIONS RECEIVED - Continued
acquired by a consumer finance company, and
wholesale financing [ f l o o r planning] and ( I I )
acting as agent for the sale of related credit
l i f e , c r e d i t accident and health and c r e d i t
property insurance; .credit l i f e and c r e d i t
accident and health insurance sold as agent
may be underwritten or reinsured by BAF's and
BARS1S insurance underwriting a f f i l i a t e s )
from 102 Fall Street, Seneca F a l l s , New York
to' 144 Genesee Street, Auburn, New York,
through t h e i r subsidiaries, BarclaysAmerican/
Financial, Inc. and Bare 1 aysAmeri can/Reta i 1
Services, Inc. (2/24/83)
C i t i c o r p , New York, New York, requests permission
to establish a de novo o f f i c e engaging in the
following a c t i v i t i e s (the making or acquiring
of loans and other extensions of c r e d i t , secured
or unsecured* for consumer and other purposes;
the extension of loans to dealers for the financing
of inventory [ f l o o r planning] and working capital
purposes; the purchasing and servicing f o r i t s own
account of sales finance contracts; and the servicing , f o r any person, of loans and other extensions
of c r e d i t ) at Braintree H i l l Office Park, 25 Braintree Hi 1 Park, Braintree, Massachusetts, through
i t s subsidiary, Citicorp Acceptance Company, Inc.
(Del autre) (2/25/83)
C i t i c o r p , New York, New York, requests permission t o
establish f i v e de novo o f f i c e s engaging in the
following a c t i v i t i e s (the making or acquiring of
. loans and other extensions of c r e d i t , secured or
unsecured, for consumer and other purposes; the
sale of c r e d i t - r e l a t e d l i f e and accident and
health or decreasing or level [ i n the case of
single payment loans] term l i f e insurance by
licensed agents or brokers, as required; the
sale of consumer oriented financial management
courses; the servicing, for any person, of loans
and other extensions of c r e d i t ; the making, acquiring,
and s e r v i c i n g , for i t s own account and for the account
of others, of extensions of c r e d i t to individuals
secured by liens on residential or non-residential
real estate; and the sale of mortgage l i f e and
mortgage d i s a b i l i t y insurance d i r e c t l y related to
extensions of mortgage loans) at 167 South Stevens
S t r e e t , Spokane; 9750 Third Avenue, N.E., Seattle;
616-120th Avenue, N.E., Bellevue; 3802 South Warner,
Tacoma; 4224 Sixth Avenue, S.E., Rowesix Building #1,
Lacey, a l l in Washington, through i t s subsidiary,
C i t i c o r p Homeowners, Inc. (2/25/83)
H.2, 1983 No. 9
- 22 APPLICATIONS RECEIVED - Continued
New York
The Hongkong and Shanghai Banking Corporation, Hong
Kong, B.C.C., requests permission to establish a
de novo o f f i c e engaging i n the following
a c t i v i t i e s (lease and installment financing of
i n d u s t r i a l t r a n s p o r t a t i o n , data processing,
medical, community and other types of equipment
w i t h i n the l i m i t a t i o n s of Section 225.4(a)(6)
of Regulation Y and acting as agent, broker and
adviser in connection with such transactions;
commercial f ina n ci a l a c t i v i t i e s consist of
making i n s t a l l m e n t , conditional sales and working
capital loans secured by i n d u s t r i a l and commercial
equipment) at 5550 L.B.J. Freeway, Dal las, Texas,
through i t s subsidiary, U.S. Concord, Inc. (2/25/83)
Richmond
South Carolina National Corporation, Columbia, South
Carolina, n o t i f i c a t i o n of intent to engage in
de noivu a c t i v i t i e s (making or acquiring loans or
extensions of credit for i t s own account such as
would be made by a consumer finance company;
ser/ic^ng loans and other extensions of credit
for the account of others; and o f f e r i n g credit
l i f e , c r e d i t accident and health, and property
'nsunnce d i r e c t l y related to i t s extensions of
c r e d i t ) at 1215 Rear Bush River Road, Columbia,
South Carolina, through i t s subsidiary, Provident
Financial Corporation (2/22/83)
Atlanta
F i r s t Railroad & Banking Company of Georgia,
Augusta, Georgia, n o t i f i c a t i o n of intent to engage
in rie novo a c t i v i t i e s ( i n data processing a c t i v i t i e s )
in %n;gomery, Alabama, through an e x i s t i n g subs i d i a r v , F i r s t Financial Management Corporation
(2/18/83)
Atlanta
Southwest Florida Banks, I n c . , Fort Myers, Florida,
n o t i f i c a t i o n of intent to engage in de novo
a c t i v i t i e s ( i n real estate appraisal services)
market areas for these services w i l l be in Florida
counties of C o l l i e r , Lee, Charlotte, Sarasota,
Manatee, Hillsborough, Pinellas and Pasco, through
i t s subsidiary, Southwest Financial Services, Inc.
(2/15/83)
Chicago
St. Ansgar Bancorporation, St. Ansgar, Iowa, f o r
approval to engage i n general insurance a c t i v i t i e s
in a town with a population of less than 5,000.
H.2, 1983 N0. 9
-23APPLICATIQNS RECEIVED - Continued
Minneapolis
Northstar Bancorporation, Wayzata, Minnesota,
n o t i f i c a t i o n of intent to engage i n de novo
a c t i v i t i e s (making and acquiring, f o r iTs
own accounts or for the accounts of others, loans
i n c l u d i n g , but not limited t o , permanent and
construction financing of r e s i d e n t i a l , income
producing, and development projects, and other
extensions of c r e d i t such as would be made, for
example, by a mortgage banking company; and
servicing of loans and other extensions of
c r e d i t f o r any person or company) at 900 East
Wayzata Boulevard, Wayzata, Minnesota, servicing
Minnesota, through i t s subsidiary, Wayzata
Realty Company (2/22/83)
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
a c t i v i t i e s (consumer and coiwiercial~Tinance, and
the sale of c r e d i t - r e l a t e d insurance, including
c r e d i t l i f e , c r e d i t accident and health and
property and c r e d i t - r e l a t e d casualty insurance
related to extensions of c r e d i t by Dial Finance
Company of California [such sale of c r e d i t - r e l a t e d
insurance being a permissible a c t i v i t y under
Subparagraph 0 of T i t l e VI of the Garn-St. Germain
Depository I n s t i t u t i o n s Act of 196,!]) from
"99 W i s t e r Street, Monterey, California to 176 East
Laurel Drive, Salinas, C a l i f o r n i a , w i l l serve
Salinas, C a l i f o r n i a , through i t s subsidiary, Dial
Finance Company of C a l i f o r n i a (2/22/83)
Minneapolis
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
a c t i v i t i e s (consumer and commerci a f T i n a n c e , and
the sale <i c r e d i t - r e l a t e d insurance, including
c r e d i t l i f e , credit accident and health and
property and c r e d i t - r e l a t e d casualty insurance
related to extensions of c r e d i t by Dial Finance
Company of C a l i f o r n i a [such sale of c r e d i t - r e l a t e d
insurance being a permissible a c t i v i t y under
Subparagraph D of T i t l e VI of the Garn-St, Germain
Depository I n s t i t u t i o n s Act of 1982]) from 15730
East La-Forge Street, Whittwood Center, W h i t t i e r ,
California to 1015 East Imperial Highway, Suite C - l ,
Brea, C a l i f o r n i a , serving Brea, C a l i f o r n i a , and
other nearby suburbs of Los Angeles, C a l i f o r n i a ,
through i t s subsidiary, Dial Finance Company of
C a l i f o r n i a (2/22/83)
H.2, 1983 No. 9
-24APPLICATIONS RECEIVED - Continued
Mi nneapoli s
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s
(consumer and commercial finance, ancT the sale of
c r e d i t - r e l a t e d insurance, including c r e d i t l i f e , and
c r e d i t accident and health and property and c r e d i t
related casualty insurance related to extensions
of c r e d i t by Dial Finance Company of New Jersey,
Inc. [such sale of c r e d i t - r e l a t e d insurance being
a permissible a c t i v i t y under Subparagraph D of
T i t l e VI of the Garn-St. Germain Depository
I n s t i t u t i o n s Act of 1982]) from 5641 Westfield
Avenue, Pennsauken, New Jersey to Greentree Commons,
Route 73, Marlton, New Jersey, serving Marlton, New
Jersey, and other nearby suburbs of Camden, New
Jersey, Philadelphia, Pennsylvania, through i t s
subsidiary, Dial Finance Company of New Jersey,
Inc. (2/17/83)
Minneapoli s
Northwest Bancorporation, Minneapolis, Minnesota,
n o t i f i c a t i o n of intent to relocate de novo
a c t i v i t i e s (consumer and commercial finance, and
the sale of c r e d i t - r e l a t e d insurance, including
c r e d i t l i f e , credit accident and health and
property and c r e d i t - r e l a t e d casualty insurance
related to extensions of credit by Dial Finance
Company of C a l i f o r n i a [such sale of c r e d i t - r e l a t e d
insurance being a permissible a c t i v i t y under Subparagraph D of T i t l e VI of the Garn-St. Germain
Depository I n s t i t u t i o n s Act of 1982]) from 2524
Saviers Road, Oxnard, C a l i f o r n i a , t o Wagon Wheel
Plaza, 888 Wagon Wheel Road, Oxnard, C a l i f o r n i a ,
serving Oxnard, C a l i f o r n i a , through i t s subsidiary,
Dial Finance Company of California (2/17/83)
San
Franci sco
Trabanc, Salt Lake C i t y , Utah, n o t i f i c a t i o n of intent
to engage in de novo a c t i v i t i e s (providing management
consulting advice to i n s t i t u t i o n s such as savings
and loan associations, mutual savings banks, c r e d i t
unions, i n d u s t r i a l banks, Morris Plan banks,
cooperative banks, and i n d u s t r i a l loan companies;
such bank management consulting advice would include,
but not be l i m i t e d t o , advice concerning: bank
operations, systems and procedures; computer operations
and mechanization; implementation of electronic funds
t r a n s f e r systems; s i t e planning and evaluation; bank
mergers and the establishment of new branches;
operation and management of a t r u s t department;
international banking; foreign exchange transactions;
purchasing p o l i c i e s and practices; cost analysis,
capital adequacy and planning; auditing; accounting
procedures; tax planning; c r e d i t policies and
H.2, 1983 No. 9
- 25
APPLICATIONS RECEIVED - Continued
administration, including credit documentation,
evaluation, and debt c o l l e c t i o n ; product development, including specialized lending provisions;
marketing operations, including research, market
development and advertising programs; personnel
operations, including r e c r u i t i n g , t r a i n i n g ,
evaluation and compensation; and security measures
and procedures) at 107 South Main Street, Salt Lake
C i t y , Utah, serving Utah, Idaho and Wyoming, through
i t s subsidiary, Tracy Management Consulting Co.
(2/18/83)
*
*
*
*
*
REPORTS RECEIVED
None
*
*
*
*
*
PETITIONS FOR RULEMAKING
None
@FedFRASER