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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1982 No. 9) Actions of the Board; Applications and Reports APPLICABLE RESERVE BANK Received During the Week Ending February 27, 1982 ACTIONS OF THE BOARD Statement by Chairman Paul A. Volcker before the House Ways and Means Committee to p a r t i c i p a t e in hearings on the President's economic program. Annual Report to Congress on Section 18(f) of the Federal Trade Commission Act for the Year 1981. Regulations G, T and U, the Board issued f o r comment a regulatory framework that could be used t o establish margin requirements on futures contracts based on stock indexes; comments should be received by April 30. (Docket No. R-0385) I nt erpret at ion of the d e f i n i t i o n of deposit in Regulations D and Q to permit investment companies and t r u s t s in which the e n t i r e beneficial interest is held exclusively by depository i n s t i t u t i o n s to s e l l Federal funds. (Docket No. R-0387) Proposed Policy statement t o provide guidance on certain types of competitive situations in which the Board, or a Federal Reserve Bank, would subject applications f o r approval of bank a c q u i s i t i o n s , mergers, or consolidations t o intensive s c r u t i n y ; the Board requested comment by April 9, 1982. (Docket No. R-0386) Consumer Advisory Council meeting to be held on April 28-29, 1982, w i l l include a discussion of the impact of current economic conditions on implementation of the Community Reinvestment Act; the Council is seeking w r i t t e n views from a wide range of groups as background for discussion at i t s A p r i l meeting; comment should be received by A p r i l 7, 1982. The Board published a Supplement to i t s l i s t of Over-theCounter stocks that are subject to i t s margin regulations; the changes are e f f e c t i v e immediately. H.2, 1982 No. 9 - 2 ACTIONS OF THE BOARD-Continued Atlanta Bank of Forest, Forest, Mississippi, an investment in bank premises. New York Banco Occidental, Madrid, Spain, extension of time to March 12, 1982, with in which to consummate the acquisition of Banco Comercial de Mayaguez, Mayaguez, Puerto Rico. IJ Dallas Bryson Bancshares, I n c . , Bryson, Texas, extension of time to April 3, 1982, within which to consummate the acquisition of The F i r s t State Bank of Bryson, Bryson, Texas. JJ Kansas City Colorado National Bankshares, I n c . , Denver, Colorado, extension of time to July 1, 1982, with in which to consummate the acquisition of Colorado National Bank-Boulder, Boulder, Colorado, a proposed new bank. JJ Dallas Commonwealth Bancshares, I n c . , Dallas, Texas, extension of time to June 8, 1982, within which to consummate the acquisition of Commonwealth National Bank of Dallas, Dallas, Texas. 1/ Chicago F i r s t Burlington Corporation, La Grange, I l l i n o i s , extension of time to March 31, 1982, within which to become a bank holding company through acquisition of 100 percent of the voting shares of the successor by merger to La Grange State Bank, La Grange, I l l i n o i s . _1/ St. Louis F i r s t Midwest Bancorp., New Albany, Indiana, extension of time to May 7, 1982, w i t h i n which to become a bank holding company through acquisition of the successor by merger to Union Bank and Trust of New Albany, New Albany, Indiana. 1/ St. Louis Germantown Bancshares, I n c . , Germantown, Tennessee, extension of time to May 1, 1982, within which to become a bank holding company through acquisition of the Bank of Germantown, Germantown, Tennessee. 1/ Kansas City 0MNIBANC0RP, Denver, Colorado, extension of time to May 25, 1982, within which to consummate the acquisition of Southeast Parker Road National Bank, Arapahoe County, Colorado. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. I H.2, 1982 No. 9 3 ACTIONS OF THE BOARD-Continued Dallas Republic of Texas Corporation, Dallas, Texas, extension of time t o May 30, 1982, within which to consummate the acquisition of F i r s t National Bank, Sherman, Texas; and extension of time t o June 19, 1982, within which to consummate the acquisition of The Citizens National Bank of Waco, Waco, Texas. \J Kansas City Security Bancshares, I n c . , Kansas C i t y , Kansas, extension of time t o March 31, 1982, with in which to consummate the acquisition of Security National Bank of Kansas C i t y , Kansas C i t y , Kansas. V Dallas Texas Commerce Bancshares, I n c . , Houston, Texas, extension of time t o May 28, 1982, within which t o acquire and open Texas Commerce Bank-Clear Lake, National Association, Houston, Texas. 1/ San Francisco Enterprise Bancorp, Oakland, C a l i f o r n i a , extension of time t o May 21, 1982, within which to become a bank holding company through acquisition of a l l outstanding shares of F i r s t Enterprise Bank, Oakland, C a l i f o r n i a . V St. Louis Bank of Germantown, Germantown, Tennessee, proposal to merge with Germantown Interim State Bank, Germantown, Tennessee; report t o the Federal Deposit Insurance Corporation on competitive f act ors. 1/ Dallas Broadway National Bank, San Antonio, Texas, proposed merger with New Broadway National Bank, San Antonio, Texas; report t o the Comptroller of the Currency on competitive factors. 1/ Boston Chelsea Savings Bank, Norwich, Connecticut, proposal to merge with Groton Savings Bank, Mystic, Connecticut; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . J J Chicago Decorah State Bank, Decorah, Iowa, application f o r p r i o r approval t o merge with New State Bank, Decorah, Iowa, under the charter of New State Bank, and t i t l e of Decorah State Bank; report t o the Federal Deposit Insurance Corporation on competitive fa cto rs. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. I H.2, 1982 No. 9 - 4 ACTIONS OF THE BOARD-Continued Dallas F i r s t National Bank of Zapata, Zapata, Texas, proposed merger wth New F i r s t State Bank of Zapata, Zapata, Texas; report to the Federal Deposit Insurance Corporation on competitive factors. !_/ Chicago F i r s t Union National Bank of Streator, Streator, I l l i n o i s , application f o r p r i o r approval to merge with The Union National Bank of Streator, Streator, I l l i n o i s , under the charter of F i r s t Union National Bank of Streator, and t i t l e of The Union National Bank of Streator; report to the Comptroller of the Currency on competitive factors. JJ Chicago Fort Wayne Bank, National Association, Fort Wayne, Indiana, application for p r i o r approval t o merge with Fort Wayne National Bank, Fort Wayne, Indiana, under the charter of Fort Wayne Bank, National Association, and t i t l e of Fort Wayne National Bank; report to the Comptroller of the Currency on competitive fa cto rs. 1/ Chicago Greenview Community Bank, Greenview, I l l i n o i s , application for p r i o r approval t o merge with GC Bank, Greenview, I l l i n o i s , under the charter of GC Bank, and t i t l e of Greenview Community Bank; report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . 1/ St. Louis Interim National Bank of Jackson, Jackson, Tennessee, proposal t o merge with Jackson National Bank, Jackson, Tennessee; report t o the Comptroller of the Currency on competitive factors. 1/ Chicago Oswego Community Bank, Oswego, I l l i n o i s , application f o r p r i o r approval to merge with Bank of Oswego, Oswego, I l l i n o i s , under the charter of Bank of Oswego, and t i t l e of Oswego Community Bank; report to the Federal Deposit Insurance Corporation on competitive fa cto rs. JJ Chicago Second Bank of Loves Park, Loves Park, I l l i n o i s , application for p r i o r approval to merge with F i r s t Bank of Loves Park, Loves Park, I l l i n o i s , under the charter of Second Bank of Loves Park, and t i t l e of F i r s t Bank of Loves Park; report to the Federal Deposit Insurance Corporation on competitive f act ors. 1/ Richmond South Carolina National Bank, Charleston, South Carolina, proposed merger with F i r s t Carolina Bank, Yemassee, South Carolina; report to the Comptroller of the Currency on competitive f act ors. 1/ If Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 9 - 5 ACTIONS OF THE BOARD-Continued New York New York y American Savings Bank, New York, New York, requesting an extension of time f o r Mr. Alfred J. Moccia to continue t o serve as both a trustee of the Savings Bank and a d i r e c t o r of European American Bancorp, New York, New York, and i t s subsidiary bank, European American Bank, New York, New York. Correction; A l l i e d Bank I n t e r n a t i o n a l , New York, New York, requesting an extension of time t o May 25 , 1982, within which to hold shares of G r o l i e r , I n c . , New York, acquired as a result of debt previously contracted which appeared on H.2, No. 7, 1982 was i n c o r r e c t . The date should have been February 1, 1983. 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 9 - 6 - ACTIONS OF THE BQARD-Continued To Become a Member of the Federal Reserve System Pursuant to Section 9 of Federal Reserve Act Richmond Approved The Bank of Brunswick, Lawrenceville, V i r g i n i a . 1/ * * * * * To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Cleveland Approved The Toledo Trust Company, Toledo, Ohio, to merge with The Peoples Bank, Carey, Ohio. 1/ * * * * * Issued Intent Not to Disapprove Change of Control Pursuant t o Change in Bank Control Act of 1978 Kansas City Not Disapproved Chetopa State Bancshares, I n c . , Chetopa, Kansas. 1/ Kansas City Kansas State Bancshares, I n c . , Manhattan, Kansas. 1/ Dallas Weatherford Bancshares, I n c . , Weatherford, Texas. \J Dallas Kerens Bancshares, I n c . , Kerens, Texas. 1/ * * * * * 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 JJ Approved A t l a n t i c Bank of New York, New York, New York and National Bank of Greece S.A., Athens, Greece: grants consent to establish an Edge Act Corporation to be located in New York to be named NBG A t l a n t i c International Corporation. Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 9 - 7 ACTIONS OF THE BOARD-Continued Cleveland Pittsburgh International Bank, Pittsburgh, Pennsylvania: grants consent to make an additional investment in Pittsburgh National, Seldon & Company Limited, Sydney, Australia. San Francisco The Ka Wah Bank, Limited, Hong Kong: entered into an agreement with the Federal Reserve System that i t s Los Angeles, C a l i f o r n i a , branch would receive only such deposits as would be permissible under section 5(a) of the International Banking Act. 1/ New York Chicago Sixty Day N o t i f i c a t i o n Period Allowed to Expire C i t i c o r p , New York, New York: no objection to make an additional investment in Citicorp International Limited, Hong Kong. Sixty Day N o t i f i c a t i o n Period Waived Continental International Finance Corporation, Chicago, I l l i n o i s : no objection to make an additional investment in NAL Merchant Bank Limited, Lagos (formerly Nigerian Acceptances Limited), Lagos, Nigeria. * * * * * To Form a Bank Holding Company Pursuant t o Section 3(a)(1) of the Bank Holding Company Act of 1956 San Francisco Philadelphia Atlanta Withdrawn Western National Bancorp, Santa Ana, C a l i f o r n i a , for approval to acquire 80 percent or more of the voting shares of Western National Bank, Santa Ana, C a l i f o r n i a . Approved Continental Bancorp, I n c . , Philadelphia, Pennsylvania, for approval t o acquire 100 percent of the voting shares of Continental Bank, Norristown, Pennsylvania. V Peoples Capital Corporation, Union, Mississippi, f o r approval t o acquire 100 percent of the voting shares of Peoples Bank of Mississippi, N.A., Union, Mississippi. I j JJ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 9 - 8 - ACTIONS OF THE BOARD-Continued Chicago Chicago Heights Bancorp, I n c . , Crestwood, I l l i n o i s , f o r approval to acquire at least 80 percent of the voting shares of The Chicago Heights National Bank, Chicago Heights, I l l i n o i s . 1/ Chicago Hammond Bancshares, I n c . , Hammond, I l l i n o i s , f o r approval to 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 State Bank of Hammond, Hammond, Illinois. V Chicago Old Second Bancorp, I n c . , Aurora, I l l i n o i s , f o r approval to 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 The Old Second National Bank of Aurora, Aurora, I l l i n o i s . JJ Chicago Quad Cities F i r s t Company, Rock Island, I l l i n o i s , for 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 National Bank of the Quad C i t i e s , Rock Island, I l l i n o i s . JL/ Chicago San Jose Banco, I n c . , San Jose, I l l i n o i s , f o r approval t o acquire at least 90 percent of the voting shares of San Jose Tri-County Bank, San Jose, I l l i n o i s . V Chicago Wabanc, I n c . , Wabash, Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to The F i r s t National Bank i n Wabash, Wabash, Indiana. JJ St. Louis Metropolitan National Bancshares, I n c . , L i t t l e Rock, Arkansas, f o r approval to acquire 100 percent of the voting shares of the successor by merger t o Metropolitan National Bank, L i t t l e Rock, Arkansas. 1/ Minneapolis Buffalo Bancorporation, I n c . , B u f f a l o , South Dakota, f o r approval to acquire at least 67 percent of the voting shares of F i r s t State Bank, Buffalo, South Dakota. 1/ Kansas City ABC Bancshares, I n c . , McATester, Oklahoma, f o r approval to acquire at least 98.189 percent of the voting shares of American Bank of Commerce, McAlester, Oklahoma. J_/ Kansas City Dewey County Bancorporation, I n c . , Taloga, Oklahoma, f o r approval t o acquire 100 percent of the voting shares of Dewey County State Bank, Taloga, Oklahoma. _1/ If Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 9 - 9 ACTIONS OF THE BOARD-Continued Kansas City England Bancorp, Axtel1, Nebraska, f o r approval to acquire 100 percent of the voting shares of Farmers and Merchants Bank, Axtel1, Nebraska. 1/ Kansas City F i r s t Prague Bancorporation, I n c . , Prague, Oklahoma, for approval to acquire at least 80 percent of the voting shares of The F i r s t National Bank of Prague, Prague, Oklahoma. \ J Kansas City F i r s t Stratford Bancorporation, I n c . , S t r a t f o r d , Oklahoma, for approval t o acquire 100 percent of the voting shares of F i r s t American Bank, S t r a t f o r d , Oklahoma. 1/ Kansas City Lawton Financial Corporation, Lawton, Oklahoma, f o r approval to acquire 81.12 percent of the voting shares of Citizens Bank, Lawton, Oklahoma. 1/ Kansas City United Ban Holding Corp., Norman, Oklahoma, f o r approval to acquire at least 80 percent of the voting shares of Bank of Norman, Norman, Oklahoma. V Kansas City The Walnut Valley Corporation, El Dorado, Kansas, for approval to acquire 92.08 percent of the voting shares of Walnut Valley State Bank of Eldorado, Eldorado, Kansas. 1/ Kansas City Wilburton State Bancshares, I n c . , Wilburton, Oklahoma, f o r approval to acquire at least 80 percent of the voting shares of Wilburton State Bank, Wilburton, Oklahoma. 1/ Dallas HNB Corporation, Homer, Louisiana, f o r approval t o acquire at least 80 percent of the voting shares of The Homer National Bank, Homer, Louisiana. 1/ Dallas RaymondviHe State Bancshares, I n c . , Raymondville, Texas, f o r approval t o acquire at least 80 percent of the voting shares of Raymondville State Bank, Raymondvilie, Texas, y Dallas Rockwall Financial Corporation, Rockwall, Texas, f o r approval to acquire at least 80 percent of the voting shares of Rockwall Bank, National Association, Rockwall, Texas. 1/ \J Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 9 - 10 - ACTIONS OF THE BOARD-Continued To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Richmond Approved Carolina Bancorp, I n c . , Sanford, North Carolina, for approval to acquire 100 percent of the voting shares of the successor by merger t o Bank of Alamance, Graham, North Carolina. \J Atlanta Pan American Banks, I n c . , Miami, F l o r i d a , f o r approval to acquire at least 66 2/3 percent of the voting shares of Peoples Hialeah National Bank, Hialeah; Peoples Downtown National Bank, Miami; Peoples National Bank of Commerce, Miami; Peoples F i r s t National Bank of Miami Shores, Miami Shores; Peoples American National Bank of North Miami; North Miami; and Peoples F i r s t National Bank of North Miami Beach, North Miami Beach, a l l located i n Florida. 1^ Chicago F i r s t Busey Corporation, Urbana, I l l i n o i s , for approval to 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 National Bank of Urbana, Urbana, I l l i n o i s . \J Kansas City Central Bancorporation, I n c . , Central Colorado Company and C.C.B., I n c . , a l l of Denver, Colorado, for 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 t o Centennial Bank of Pueblo, Pueblo, Colorado. \J Dai las F i r s t City Bancorporation of Texas, I n c . , Houston, Texas, f o r approval to acquire 100 percent of the voting shares of Bank of F l o r e s v i l i e , F l o r e s v i l l e , Texas. \J Dal las National Bancshares Corporation of Texas, San Antonio, Texas, for approval t o acquire 100 percent of the voting shares of F i r s t State Bank of Corpus C h r i s t i and to acquire substantially a l l of the assets and assume l i a b i l i t i e s of Corpus Christi Bankshares, I n c . , Corpus C h r i s t i , Texas. 1/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Kansas City Approved United Banks of Colorado, I n c . , Denver, Colorado, f o r approval to acquire Lorin Investment Company, Brighton, Colorado. V 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 9 - 11 ACTIONS OF THE BOARD-Continued To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 New York New York New York Withdrawn Chemical New York Corporation, New of intent to establish a de novo following a c t i v i t y (property and related to extensions of c r e d i t ) Oklahoma C i t y , Oklahoma, through Corporation (2/24/82) 3/ York, New York, n o t i f i c a t i o n o f f i c e including the casualty insurance d i r e c t l y at 4431 NW 63rd Street, i t s subsidiary, Sunamerica Manufacturers Hanover 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 (mortgage loan o r i g i n a t i o n and servicing; acting as advisor to a mortgage or real estate investment t r u s t , data processing services) from 644 Linn Street, Holiday Park Tower, Cincinnati, Ohio to 415 Glensprings Drive, Springdale, Ohio, through i t s subsidiary, Manufacturers Hanover Mortgage Corporation (2/24/82) 3/ Delayed C i t i c o r p , New York, New York, requests permission to expand the a c t i v i t i e s and service area of an existing o f f i c e (the making or acquiring of loans and other extensions of c r e d i t , secured or unsecured, f o r consumer and other purposes; the purchasing and servicing f o r i t s own account of sales finance contracts; the sale of credit related 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 c r e d i t related property and casualty insurance protecting real and personal property subject to a security agreement with C i t i c o r p Person-to-Person Financial Center, I n c . , to the extent permissible under applicable state insurance laws and regulations; and the servicing, f o r any person, of loans and other extensions of c r e d i t ; the new a c t i v i t y in which the o f f i c e i s proposed to engage de novo i s : the making of loans to individuals and businesses to finance the purchase of mobile homes, modular units or related manufactured housing, together with the real property t o which such housing i s or w i l l be permanently a f f i x e d , such property being used as security f o r the loans; the proposed expanded service area for a l l aforementioned previously approved and proposed a c t i v i t i e s shall be the entire State of Colorado, except that the sale of credit related 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 . I H.2, 1982 No. 9 - 12 - ACTIONS OF THE BOARD-Continued property and casualty insurance i s not included in t h i s n o t i f i c a t i o n ; c r e d i t related l i f e , accident, and health insurance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of Citicorp Person-to-Person Financial Center, Inc.) at 1777 S. Harrison Street, Colorado Springs, Suite 200, Denver, Colorado, serving the e n t i r e State of Colorado, through i t s subsidiary, Citicorp Person-to-Person Financial Center, Inc. (2/25/82) V Kansas City New York Firstbank Holding Company and Firstbank Holding Company of Colorado, both of Lakewood, Colorado, 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 (the issuance of travelers checks) through i t s subsidiary banks as follows: Firstbank of West!and, N.A., 10403 West Colfax Avenue, Lakewood, Colorado; Firstbank of V a i l , 17 Vail Road, V a i l , Colorado; Fi rstbank of Wheat Ridge, N.A., 44th and Wadsworth Boulevard, Wheat Ridge, Colorado; Firstbank of Erie, 515 Briggs, Erie, Colorado; Firstbank of Minturn, 472 Main Street, Minturn, Colorado; Firstbank of North Longmont, N.A., 1707 North Main Street, Longmont, Colorado; Fi rstbank of Gunbarrel, N.A., 6500 Lockout Road, Boulder, Colorado; Firstbank of Castle Rock N.A., 221 Wilcox Street, Castle Rock, Colorado; Fi rstbank of Academy Park, 3500 South Wadsworth Boulevard, Lakewood, Colorado Firstbank of South Longmont, N.A., 600 Florida Avenue, Longmont, Colorado; F i r s t Bank of West Arvada, N.A., 64th and Ward Road, Arvada, Colorado; Firstbank of Governor's Ranch, N.A., 5125 South Kipling Street, L i t t l e t o n , Colorado; Firstbank of V i l l a I t a l i a , N.A., 7083 West Alameda Avenue, Lakewood, Colorado; Firstbank of Avon, 0182 Avon Road, Avon Colorado; and Vail Firstbank Industrial Bank, V a i l , Colorado; the geographic area t o be served by these o f f i c e s includes the following counties in Colorado: Jefferson, Eagle, Weld, Boulder, Douglas and Denver (2/8/82) 3/ Permitted The Chase Manhattan 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, f o r i t s own account and f o r the account of others, loans and others extensions of c r e d i t , both secured and unsecured including, but not l i m i t e d t o , consumer and business purposes and mortgage loans secured by real property; servicing loans and other extensions of c r e d i t ; s e l l i n g travelers checks at r e t a i l ; acting as insurance agent or broker f o r c r e d i t l i f e insurance 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, 1982 No. 9 - 13 ACTIONS OF THE BOARD-Continued and c r e d i t accident and health insurance d i r e c t l y related to such lending and servicing a c t i v i t i e s ) at 12720 Hi 11 crest Road, Suite 105, Dallas, Texas, serving the State of Texas through i t s subsidiary, Chase Manhattan Financial Services Inc. (2/21/82) 3/ New York C i t i c o r p , New York, New York, requests permission to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e (the making of loans to individuals and businesses to finance the purchase of mobile homes, modular units or related manufactured housing, together with the real property to which such housing is or w i l l be permanently a f f i x e d , such property being used as security for the loans) at 2426 Cee Gee Street, Suite 202, San Antonio, Texas, serving the e n t i r e State of Texas, through i t s subsidiary, C i t i c o r p Acceptance Company, Inc. (Delaware) (2/20/82) 3/ New York 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 (making or acquiring, for i t s own account or for the account of others, commercial loans and other extensions of c r e d i t ; and leasing personal or real property or acting as agent, broker or advisor i n leasing such property and servicing such leases, subject to a l l q u a l i f i c a t i o n s specified in 12 C.F.R. 225.4(a)(6)(a) and (b), where the leases serve as the functional equivalent of an extension of c r e d i t to the lessee of the property) at 1 Continental Plaza, 101 Continental Boulevard, International Center, El Segunda, C a l i f o r n i a , serving the States of Oregon, Nevada and Northern C a l i f o r n i a , through i t s subsidiary, C i t i c o r p Industrial Credit, Inc. (2/20/82) 3/ Philadelphia Heritage Bancorporation, Cherry H i l l , New Jersey, 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 (consumer finance a c t i v i t i e s i n addition to i t s currently authorized a c t i v i t i e s , including the arranging, making or acquiring f o r i t s own account or for the account of others, loans and other extensions of c r e d i t secured by a residential or commercial mortgage ( f i r s t or other j u n i o r l i e n ) such as would be made by a consumer finance company, servicing such loans and other extensions of credit f o r any person; acting as an agent or broker f o r the sale of c r e d i t l i f e , accident and health insurance which is d i r e c t l y related to such loans and extensions of c r e d i t and second mortgage loans) at 76 Euclid Avenue, Haddonfield, New Jersey, serving New Jersey, through i t s o f f i c e s in New Jersey, Pennsylvania, V i r g i n i a , Delaware and Florida, through i t s subsidiary, Heritage Mortgage Finance Company (2/22/82) 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 . H.2, 1982 No. 9 - 14 ACTIONS OF THE BOARD-Continued Chicago Harris Bankcorp, I n c . , Chicago, I l l i n o i s , 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 ( s o l i c i t i n g , performing or carrying on any one or more of the functions or a c t i v i t i e s that may be performed or carried on by a t r u s t company including a c t i v i t i e s of a f i d u c i a r y , agency or custodian nature) at 1720 Boswell Boulevard, Sun C i t y , Arizona, the area to be served w i l l be Arizona, C a l i f o r n i a , Nevada, Utah, Colorado, and New Mexico, through i t s subsidiary, Harris Trust Company of Arizona (2/24/82) J3/ Chicago Walter E. Heller International Corporation, Chicago, I l l i n o i s , 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 (making real estate mortgages p r i m a r i l y f o r i n d u s t r i a l and commercial construction) at 7951 East Maplewood, Englewood, Colorado, the geographic area t o be served w i l l be the State of Colorado, Arkansas, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota, Texas, Utah and Wyoming, through i t s wholly-owned subsidiary, Walter E. Heller & Company, Real Estate Mortgage Division (2/23/82) 3/ Dallas F i r s t Mexia Bancshares, I n c . , Mexia, Texas, 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 (mortgage lending a c t i v i t i e s , which wiTT primarily involve making or acquiring, f o r i t s own account or f o r 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 the servicing of loans and other extensions of c r e d i t made by any person) at 405 E. Milam, Mexia, Texas, serving the Limestone County area and the surrounding counties, through i t s subsidiary, F i r s t Mexia Mortgage Co. (2/25/82) 3/ San Francisco Bancorp Hawaii, Honolulu, Hawaii, 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 (underwriting as a reinsurer the credit l i f e and c r e d i t accident and health insurance sold by the Bank of Hawaii, I n c . , in conjunction with i t s short term consumer lend ing a c t i v i t i e s ; Bancorp L i f e w i l l be formed as an Arizona subs i d i a r y ) at 1415 North F i r s t S t r e e t , Phoenix, Arizona, and w i l l serve the Bank's r e t a i l customers in the State of Hawaii and Guam through i t s subsidiary, Bancorp L i f e Insurance Company of Hawaii, Inc. (2/24/82) 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 . H.2, 1982 No. 9 - 15 ACTIONS OF THE BOARD-Continued Sen 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 to expand the geographic area of an e x i s t i n g o f f i c e engaging in (making or acquiring, f o r i t s own account loans and other extensions of credit 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, c r e d i t - r e l a t e d accident and health insurance, and c r e d i t - r e l a t e d property insurance; 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 consumer Installment loans; purchasing installment sales finance contracts; making loans and other extensions of c r e d i t to small businesses; making loans and other extensions of c r e d i t 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 , c r e d i t - r e l a t e d accident and health and c r e d i t - r e l a t e d property insurance d i r e c t l y related to extensions of c r e d i t made or acquired by FinanceAmerica Corporation) at Sugarhouse Shopping Center, Suite 0, 4161 S. Eastern Avenue, Clark County, Las Vegas, Nevada, serving the e n t i r e State of Nevada, through i t s subsidiary, FinariceAmerica Corporation (a Nevada corporation) (2/27/82) 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 accountToans 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, c r e d i t - r e l a t e d accident and health insurance and c r e d i t - r e l a t e d property insurance; 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 t o consumers as well as small businesses, making loans and other extensions of c r e d i t secured by real property, and the o f f e r i n g of c r e d i t - r e l a t e d l i f e , c r e d i t - r e l a t e d accident and health and c r e d i t - r e l a t e d property insurance in connection with the extensions of c r e d i t made or acquired by FinanceAmerica Corporation) at 3307 West 70th S t r e e t , Shreveport, Louisiana, serving the e n t i r e states of Louisiana and Texas, through i t s i n d i r e c t subsidiary FinanceAmerica Corporation, (a Louisiana corporation) (2/27/82) 2/ San Francisco Imperial Bancorp, Inglewood, C a l i f o r n i a , n o t i f i c a t i o n of intent to open six de novo o f f i c e s engaging in (to provide marketing management consulting advice t o n o n a f f i l i a t e d banks and bookeeping or data processing services 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, 1982 Ho. 9 - 16 ACTIONS OF IHfc BOARD-Continued storing and processing other banking, fi n a n ci a l or related economic data throughout the United States) at 56 Kearney Road, Needham, Massachusetts; 1341 West Mockingbird Lane, Dallas, Texas; 7800 East Union Avenue, Denver, Colorado; i n the v i c i n i t y of the intersection of 53rd and F i f t h Avenue, New York, New York; in the v i c i n i t y of the intersection of 5th Avenue and Wood Street, Pittsburgh, Pennsylvania and in the v i c i n i t y of the intersection of 5th Avenue and University Avenue, Seattle, Washington, through a wholly owned subsidiary, Imperial Automation, Inc. (2/27/82) 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 . H.2, 1982 No. 9 - 17 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 branch at 10343 Reisterstown Road, Baltimore, Maryland. 2J * * * * * To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Richmond F i r s t V i r g i n i a Bank, Falls Church, V i r g i n i a , to merge with F i r s t V i r g i n i a Bank - Eastern, Warrenton, V i r g i n i a , and F i r s t V i r g i n i a Bank - Loudoun, Leesburg, V i r g i n i a . 2/ Cleveland The Toledo Trust Company, Toledo, Ohio, t o merge with Northwest Ohio Bank, Bowling Green, Ohio, The Oak Harbor State Bank Company, Oak Harbor, Ohio, and National Bank of Fulton County, Delta, Ohio. 2J * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 New York J e f f e r s o n v i l i e Bancorp, J e f f e r s o n v i l l e , New York, for approval t o acquire at least 80 percent of the voting shares of The F i r s t National Bank of J e f f e r s o n v i l l e , J e f f e r s o n v i l l e , New York. ZJ Cleveland F i r s t State Bancshares, I n c . , P i n e v i l l e , Kentucky, for approval to acquire 80 percent of the voting shares of F i r s t State Bank of P i n e v i l l e , P i n e v i l l e , Kentucky. 2J Richmond Citizens Bancorp, Riverdale, Maryland, f o r approval t o acquire at least 100 percent of the voting shares of the successor by merger to Citizens Bank and Trust Company of Maryland, Riverdale, Maryland. 2/ 2/ Application subject to Community Reivestment 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, 1982 No. 9 - 18 APPLICATIONS RECEIVED-Continued Richmond United Bancorp of Maryland, I n c . , Oxon H i l l , Maryland, for approval to acquire 100 percent of the voting shares of the successor by merger to United Bank and Trust Company of Maryland, Oxon H i l l , Maryland. 2/ Atlanta Cairo Bancshares, I n c . , Cairo, Georgia, f o r approval to acquire at least 90 percent of the voting shares of Cairo Banking Company, Cairo, Georgia. 2/ Atlanta F i r s t Eastern Corporation, Kingsport, Tennessee, for approval to acquire 100 percent of the voting shares of F i r s t Eastern National Bank, Kingsport, Tennessee. 2/ Atlanta F i r s t National Bankshares, I n c . , Houma, Louisiana, f o r approval t o acquire 100 percent of the voting shares of F i r s t National Bank of Houma, Houma, Louisiana. ZJ Atlanta Gulf Coast Holding Corp., Panama C i t y , Florida, for approval t o acquire at least 80 percent of the voting shares of F i r s t National Bank, Panama C i t y , Florida. 2] Atlanta State National Corp., New I b e r i a , Louisiana, f o r approval to acquire at least 80 percent of the voting shares of The State National Bank, New I b e r i a , Louisiana. 2/ Atlanta United Hamblen, I n c . , Morristown, Tennessee, f o r approval to acquire at least 80 percent of the voting shares of Bank of Commerce, Morristown, Tennessee. 7J Chicago F i r s t Indiana Bancorp, Elkhart, Indiana, f o r approval to acquire 100 percent of the voting shares of the successor by merger to F i r s t National Bank, Elkhart, indiana. 2J Chicago Independent Bankshares, I n c . , Madison, Wisconsin, f o r approval to acquire at least 80 percent of the voting shares of Lake City Bank, Madison, Wisconsin. 2/ Chicago OSWEGO BANCSHARES, INC., Oswego, I l l i n o i s , f o r approval to 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 Oswego Community Bank, Oswego, I l l i n o i s . 2J Chicago Williamsburg Holding Company, Omaha, Nebraska, f o r approval to acquire at least 82 percent of the voting shares of Security Savings Bank, Williamsburg, Iowa. 2/ 2J Application subject 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, 1982 No. 9 - 19 APPLICATIONS RtCElVtD-Contiued St. Louis Bancorp of Mississippi, I n c . , Tupelo, Mississippi, f o r approval t o acquire at least 99.9 percent of the voting shares of Bank of Mississippi, Tupelo, Mississippi. 2/ St. Louis NBC Bank Corp., El Dorado, Arkansas, for approval to acquire 100 percent of the voting shares of the successor by merger t o National Bank of Commerce of El Dorado, El Dorado, Arkansas. 2/ St. Louts Taylor County Bancshares, I n c . , Campbellsvilie, Kentucky, f o r approval t o acquire at least 80 percent of the voting shares of Taylor County Bank, CampbellsviHe, Kentucky. 2/ Kansas City Satanta Bancshares, I n c . , Satanta, Kansas, f o r approval to acquire at least 80 percent of the voting shares of The State Bank of Santanta, Santanta, Kansas. 2/ Kansas City State Bancshares, I n c . , Benkelman, Nebraska, for approval to acquire at least 90 percent of the voting shares of State Bank, Benkelman, Nebraska. 2/ Dal las Coleman Bancshares, I n c . , Coleman, Texas, f o r approval to acquire at least 80 percent of the voting shares of Coleman Bank, Coleman, Texas. 2/ Dal las Frontier Bancshares, I n c . , Eagle Pass, Texas, f o r approval to acquire at least 80 percent of the voting shares of Frontier State Bank, Eagle Pass, Texas. 2J Dal las Stockmens Financial Corporation, Cotulla, Texas, f o r approval t o acquire at least 80 percent of the voting shares of Stockmens National Bank in Cotulla, Cotulla, Texas. 2J Dallas Winnsboro Bancshares, Incorporated, Winnsboro, Louisiana, for approval t o acquire at least 80 percent of the voting shares of Winnsboro State Bank & Trust Company, Winnsboro, Louisiana. 2/ 2/ Application subject t o Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as t o the length of the comment period. I H„?, 1982 No. 9 - 20 APPL1CAI10WS HhCblVED-Continued To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Richmond F i r s t Maryland Bancorp, Baltimore, Maryland, f o r approval to acquire 100 percent of the voting shares of F i r s t Omni Bank, National Association, Millsboro, Delaware, a proposed new bank. Zf Chicago Hawkeye Bancorporation, Des Koines, Iowa, f o r approval to acquire 100 percent of the voting shares of ANKENY BANCSHARES, INC., Ankeny, Iowa, and thereby i n d i r e c t l y acquiring 80.4 percent and d i r e c t l y acquiring up to 19.6 percent of the voting shares of Ankeny National Bank, Ankeny, Iowa. 2/ Minneapolis Dakota Bankshares, I n c . , Fargo, North Dakota, f o r approval t o acquire at least 60per cent of the voting shares of the F i r s t National Bank of Hettinger, Hettinger, North Dakota. Zj * * * * * To Expand a Bank Holding Company Pursuant t o Section 3(a)(5) of the Bank Holding Company Act of 1956 Boston P a t r i o t Bancorporation, Boston, Massachusetts, f o r approval t o merge with Commonwealth National Corporation, Boston, Massachusetts. 11 * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Boston Industrial National Corporation, Providence, Rhode Island, n o t i f i c a t i o n of intent t o engage in de novo a c t i v i t i e s ( i n commercial mortgage lending a c t i v i t i e s , including the o r i g i n a t i o n and purchase of commercial mortgage loans) at 1515 Industrial Bank Building, 55 Kennedy Plaza, Providence, Rhode Island, serving the State of Rhode Island, through i t s i n d i r e c t subsidiary, Mortgage Associates, Inc. (2/26/82) 2/ Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 9 - 21 APPLICATIONS RECEIVED-Continued New York Barclays Bank Limited, London, England, and Barclays Bank International Limited, London, England, requests permission to relocate and e x i s t i n g o f f i c e engaging the the following a c t i v i t i e s (making d i r e c t 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); and acting as agent for the sale of related credit l i f e , credit accident and health and c r e d i t property insurance; credit l i f e , c r e d i t accident and health insurance sold as agent may be underwritten or reinsured by BarclaysAmerican Corporation's insurance underwriting subsidiaries) from 118 East Third Street, Moscow, Idaho t o 803 Main Street, Lewiston, Idaho, through t h e i r subsidiary, BarclaysAmerican/Financial, Inc. (2/25/82) New York The Chase Manhattan 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, f o r i t s own account or f o r the account of others, loans and other extensions of c r e d i t such as would be made by a commercial finance, equipment finance or factoring company, including f a c t o r i n g accounts receivable, making advances and overadvances on receivables and inventory and business installment lending as well as unsecured commercial loans; servicing loans and other extensions of c r e d i t ; leasing personal property on a f u l l payout basis and in accordance with the Board's Regulation Y or acting as agent, broker or advisor in so leasing such property, including the leasing of motor vehicles; these a c t i v i t i e s would be conducted from an o f f i c e in Holyoke, Massachusetts serving the States of Connecticut, Maine, New Hampshire, Rhode Island, Massachusetts and Vermont) at 489 Whitney Avenue, 3rd Floor, Holyoke, Massachusetts, through i t s subsidiary, Chase Commercial Corporation (2/26/82) New York 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, f o r consumer and other purposes; the extension of loans t o dealers f o r 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; the sale of credit related 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 f o r any person, of loans and other extensions of c r e d i t ; the issuing of I H.2, 1982 No. 9 -22APPLICATUNS RECEIVED-Continued t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s ; the service area of the subsidiary would be comprised of the e n t i r e State of C a l i f o r n i a ; c r e d i t related l i f e , accident, and health insurance may be written by Family Guardian L i f e Insurance Company, an a f f i l i a t e of Citicorp Person-to-Person T h r i f t Center, Inc.) at 119 North Central Avenue, Glendale, C a l i f o r n i a , through i t s subsidiary, Citicorp Person-to-Person T h r i f t , Inc. (2/23/82) New York C i t i c o r p , New York, New York, requests permission to est a b l i s h 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 for i t s own account of sales finance contracts; the sale of c r e d i t related 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 issuing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s ; 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 servicing, f o r i t s own account and for the account of others, of extensions of credit to individuals secured by liens on residential or nonresidential real estate; and the sale of mortgage l i f e and mortgage loans; the service area of the subsidiary would be comprised of the e n t i r e State of Colorado; credit related l i f e , accident and health insurance may be w r i t t e n by Family Guardian Life Insurance Company, an a f f i l i a t e of Citicorp Person-to-Person Northglenn Industrial Bank) at 10661 Melody Drive, Denver, Colorado, through i t s subsidiary, C i t i c o r p Person-to-Person Northglenn Industrial Bank (2/25/82) New York 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 t o 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; the sale of c r e d i t related 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 issuing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s the sale of consumer oriented f i n a n c i a l management courses; the servicing, for any person, of loans and other extensions of c r e d i t ; the making, acquiring, and servicing, for i t s H.2, 1982 No. 9 - 23 APPLICATIONS RECIEVED-Continued own account and for the account of others, of extensions of credit 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; the service area of the subsidiary would be comprised of the e n t i r e State of Colorado; c r e d i t related l i f e , accident, and health i n surance may be written by Family Guardian Life Insurance Company, an a f f i l i a t e of Citicorp Person-to-Person Colorado Springs Industrial Bank) at 2010 North Academy Boulevard, Colorado Springs, Colorado, through i t s subsidiary, Citicorp Person-to-Person Colorado Springs Industrial Bank (2/25/82) New York C i t i c o r p , New York, New York, requests permission to est a b l i s h 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, f o r consumer and other purposes; the extension of loans to dealers for the f i n ancing of inventory ( f l o o r planning) and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of credit related l i f e and accident and health or decreasing or level (in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the issuing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s ; 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 servicing, for i t s own account and for the account of others, of extensions of credit 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; the service area of the subsidiary would be comprised of the e n t i r e State of Colorado; credit related l i f e , accident, and health insurance may be w r i t t e n by Family Guardian Life Insurance Company, an a f f i l a t e of Citicorp Person-to-Person Lakewood Industrial Bank) at Almeda Village Shopping Center, 7063 W. Alameda Street, Lakewood, Colorado, through i t s subsidiary, Citicorp Person-to-Person Lakewood Industrial Bank (2/25/82) New York 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 c r e d i t , secured or unsecured, f o r 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 for i t s own account of sales H.2, 1982 No. 9 -24 APPLICATIONS RECEIVED-Continued finance contracts; the sale of credit related l i f e and accident and health or decreasing or level (in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the issuing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s ; 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 servicing, for i t s own account and f o r the account of others, of extensions of credit to individuals secured by liens on residential or nonresidential 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; the service area of the subsidiary would be comprised of the e n t i r e State of Colorado; c r e d i t related l i f e , accident, and health insurance may be written by Family Guardian L i f e Insurance Company, an a f f i l i a t e of Citicorp Person-to-Person Denver Industrial Bank) at #1 Barclay Plaza, 1675 Larimer, Denver, Colorado, through i t s subsidiary, Citicorp Person-to-Person Denver Industrial Bank (2/25/82) New York C i t i c o r p , New York, New York, requests permission to est a b l i s h 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 for i t s own account of sales finance contracts; the sale of c r e d i t related 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 issuing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s ; 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 servicing, f o r 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; the service area of the subsidiary would be comprised of the e n t i r e State of Colorado; c r e d i t related l i f e , accident, and health insurance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of Citicorp Person-to-Person Englewood Industrial Bank) at Cenderella City Shopping Center, 701 W. Hampden Avenue, Unit K-2819, Englewood, Colorado, through i t s subsidiary, C i t i c o r p Person-to-Person Englewood Industrial Bank (2/25/82) I H.2. 1982 No. 9 25 APPLICATIONS RECEIVED-Continued New york C i t i c o r p , New York, New York, requests permission t o 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 maTcTng or acquiring of loans and other extensions of credit secured or unsecured, f o r consumer and other purposes; the extension of loans to dealers f o r the financing of inventory ( f l o o r planning) and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of c r e d i t related 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 issuing of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i cates; the sale of consumer oriented fi n a n ci a l management courses; the servicing, f o r any person, of loans and other extensions of c r e d i t ; the making, acquiring, and servicing, f o r 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 resi d e n t i a l 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; the service area of the subsidiary would be comprised of the e n t i r e State of Colorado; c r e d i t related l i f e , accident, and health i n surance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of Citicorp Person-to-Person Aurora I n d u s t r i a l Bank) at 14109 E. Exposition, Aurora, Colorado, through i t s subsidiary, Citicorp Person-to-Person Aurora Industrial Bank (2/25/82) New York Manufacturers Hanover Corporation, New York, New York, f o r approval to acquire certain assets of Indiana Financial I n c . , H e r r i l l v i H e , Indiana. Philadelphia Northeastern Bancorp, I n c . , Scranton, Pennsylvania, n o t i f i cation of intent to engage in de novo a c t i v i t i e s (underw r i t i n g , as reinsurer, credit l i f e , c r e d i t accident and health insurance) at 1421 East Thomas Road, Phoenix, Arizona, through i t s subsidiary, Norbanc L i f e Insurance Company (2/24/82) Cleveland Society Corporation, Cleveland, Ohio, 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, r e l a t i n g to bank personnel operations, including salary administration, t r a i n i n g and development, and EEO compliance, t o n o n - a f f i l i a t e d banks) at 127 Public Square, Cleveland, Ohio, serving Ohio, Indiana, Michigan, Pennsylvania, Kentucky and West V i r g i n i a (2/26/82) Chicago Detroitbank Corporation, D e t r o i t , Michigan, 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 ( i n acting as an investment and f inancia l adviser t o investment companies registered under the Investment Company Act of 1940) at H.2, 1982 No. 9 - 26 APPLICATIONS KECEIVED-Continued 211 West Fort Street, D e t r o i t , Michigan, the geographic scope w i l l be the Continental United States, through i t s subsidiary, DBT Investment Advisers, Inc. (2/13/82) Chicago Northern Trust Corporation, Chicago, I l l i n o i s , n o t i f i c a t i o n of intent to expand the de novo a c t i v i t i e s ( a c t i v i t i e s of an a g r i c u l t u r a l nature, including managing farms and purchasing, arranging f o r the feeding of and s e l l i n g l i v e s t o c k , as agent for any one of the following organization, each of which is a wholly-owned (except in some cases for d i r e c t o r s ' q u a l i f y i n g shares) subsidiary of Northern Trust Corporation, when such subsidiary is acting as a t r u s t e e , executor, personal representative, guardian or conservator: The Northern Trust Company of Arizona, the principal o f f i c e of which is located in Phoenix, Arizona; Security Trust Company of Miami, Florida; Security Trust Company of Naples, Naples, Florida; and Security Trust Company of Palm Beach, Palm Beach, Florida) at 1900 Spring Road, Suite 102, Oak Brook, I l l i n o i s ; 6061 Northwest Expressway, Suite 425, San Antonio, Texas; 5050 Poplar Avenue, Memphis, Tennessee; and 2520 North Monroe Street, Suite 105, Tallahassee, Florida; the business of Nortrust Farm Managment, I n c . , is to be derived soley from the above subsidiaries of Northern Trust Corporation and w i l l not be s o l i c i t e d from the p u b l i c , the geographic area to be served consists of the 50 States of the United States, through i t s subsidiary, Nortrust Farm Management, Inc. (2/16/82) St. Louis Taylor County Bancshares, I n c . , CambelIsville, Kentucky f o r approval t o engage in insurance a c t i v i t i e s d i r e c t l y related to extensions of c r e d i t by Taylor County Bank, CambelIsville, Kentucky. Minneapolis F i r s t Bank System, I n c . , Minneapolis, 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 ( i n the a c t i v i t i e s of an investment advisor as defined in Section 2(a)(20) of the Investment Company Act of 1940, t o F i r s t American Money Fund, an investment company registered under the Act) at F i r s t Bank Place East, 200 South Sixth Street, Minneapolis, Minnesota, the o f f i c e w i l l serve the States of Montana, North Dakota, South Dakota and Minnesota, and portions of Wisconsin and Michigan, through i t s subsidiary, FBS Investment Services, Inc. (2/22/82) 9 - 27 APPLICATIONS RECEIVEP-Continued Eagle Agency, I n c . , Eagle, Colorado, f o r approval to acquire assets of Win Stephens Companies, I n c . , Minneapolis, Minnesota, and engage, i n d i r e c t l y , in automobile leasing through a de novo subsidiary, Adams Leasing Corporation, Minneapolis, Minnesota Bancorp Hawaii, I n c . , Honolulu, Hawaii, 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 (to borrow money upon i t s own secured or unsecured notes; to lend money upon individual credit or upon the security of comakers, personal endorsement, or the pledge or mortgage of real or personal property or choses in action, or upon any combination of such credit and security, and to contract for such i n t e r e s t s , discount or other consideration as is permited by the Hawaii Revised Statutes, and to sell or broker loans or contracts, in whole or in p a r t , to other lenders, and charge or retain a fee for the o r i g i n a t i n g , s e l l i n g , brokering, or servicing of such loans or contracts; to discount, purchase, or otherwise acquire notes, installment contracts, warehouse receipts, or other choses in action; t o establish branches within the State with p r i o r w r i t t e n approval of the Bank Examiner; to finance for others by taking t i t l e to merchandise temporarily and only f o r the purpose of securing loans entered into for the purchases; to issue and s e l l c e r t i f i c a t e s for the payment of money at any time, e i t h e r fixed or uncertain, including without l i m i t a t i o n evidences of t h r i f t accounts and to receive amounts invested therein in installments on such investments; a company may, but need not, require an investor t o subscribe to a certain amount of investment in such c e r t i f i c a t e s , subject to minimum or maximum investments required by law or regulation; nothing herein shall be construed to authorize any i n d u s t r i a l loan company to receive deposits or to create any l i a b i l i t y due on demand; in addition t h i s new branch of Bancorp Finance may also act as agent or broker in the sale of c r e d i t - r e l a t e d l i f e , accident and health insurance) at Times Square Shopping Center located at 98-1264 Kaahumanu Street in Pearl C i t y , Oahu, Hawaii, through i t s subsidiary, Bancorp Finance of Hawaii, Inc. (2/22/82) 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 to engage i n de novo a c t i v i t i e s (making loans and other extensions of c r e d i t and acquiring loans, participations in loans and other extensions of c r e d i t such as would be made or acquired by a finance company; 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 , inventory and accounts receivable financing; equipment financing; insurance premium financing; making loans to n o n - a f f i l i a t e d finance and leasing companies secured by pledges of accounts receivable of such companies; H.2, 1982 No. 9 - 28 APPLICATIONS RECEIVE-Continued making loans secured by real or personal property; and purchasing r e t a i l installment sales contracts; In addition, BA Commercial Corporation proposes to engage in the a c t i v i t i e s of servicing loans, participations of loans and other extensions of credit for i t s e l f and others in connection with extensions of credit made or acquired by BA Commercial Corporation; c r e d i t - r e l a t e d insurance w i l l not be offered by BA Commercial Corporation in connection with i t s lending a c t i v i t i e s ) at 200 Building, The C i t y , Orange, C a l i f o r n i a , serving a l l f i f t y States and the D i s t r i c t of Columbia, through i t s i n d i r e c t subsidiary, BA Commercial Corporation (a Pennsylvania corporation) (2/26/82) San Francisco Rainier Bancorporation, Seattle, Washington, n o t i f i c a t i o n of intent to expand de novo a c t i v i t i e s (to expand the service area of i t s San Diego, Cal i fo rn i a branch o f f i c e for a l l previously approved a c t i v i t i e s to include the e n t i r e States of Alaska, Washington, Oregon, C a l i f o r n i a , Idaho, Nevada, Arizona, Montana, Colorado, Wyoming, New Mexico, Texas, Oklahoma, Nebraska, Kansas and Hawaii; and to open two de novo sales o f f i c e s of the San Diego o f f i c e in Santa Ana, California and Phoenix, Arizona, t o engage in the s o l i c i t a t i o n only of loans and the extensions of c r e d i t , personal property and equipment leases and c r e d i t related insurance within the scope of the a c t i v i t i e s previously approved for the San Diego o f f i c e and w i t h i n the expanded service area, the San Diego o f f i c e is engaged i n the following previously approved a c t i v i t i e s ; making or acquiring, f o r i t s own account or f o r the account of others, loans and other extensions of credit including the making of consumer instalment loans, purchasing consumer instalment sales finance contracts and making of loans t o small businesses; leasing personal property and equipment, or acting as agent, broker, or advisor in such leasing, where at the inception of the i n t i t i a l lease the e f f e c t of the transaction (and, with respect t o governmental e n t i t i e s o n l y , reasonably anticipated future transactions) w i l l y i e l d a return that w i l l compensate the lessor f o r not less than the lessor's f u l l investment in the property plus the estimated t o t a l cost of financing the property over the term of the lease, as authorized by the Federal Reserve Board under Section 225.4(a)(6)(a) of Regulation Y; acting as i n surance agent or broker with regard to credit l i f e and disa b i l i t y insurance r e l a t i n g only t o extensions of credit by Rainer Credit Company, secured or unsecured, with the l i m i t a t i o n that the i n i t i a l amount of such insurance issued with respect t o any debtors may at no time exceed the amount owed by debtors, and with regard t o consumer c r e d i t realted H.2, 1982 No. 9 — 29 — APPLICATIONS RECEIVED-Continued property and casualty insurance on personal propety subject to security agreements with Rainier Credit Company) through i t s subsidiary, Rainier Credit Company (2/26/82) San Francisco Seafirst Corporation, Seattle, Washington, 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 (making or acquiring, loans and other extensions of credit including commercial loans secured by a borrower's inventory, accounts receivable, capital equipment or other assets; servicing loans; and leasing personal property) at 3445 North Causeway Blvd, Metairie, Louisiana, serving the State of Louisiana and Sacramento, C a l i f o r n i a , serving the State of C a l i f o r n i a , through i t s subsidiary, Seafirst Commercial Corporation San Francisco The Toronto-Dominion Bank, Toronto, Ontario, Canada, noti 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 ( s o l i c i t i n g , making or acquiring loans and other extensions of c r e d i t , including permitted leasing transactions, for i t s own account as well as in s o l i c i t i n g and servicing c r e d i t f o r the Toronto-Dominion Bank's agencies, branches, and subsidiary companies, including marketing credit and other services offered by, assisting in the negotiation of the terms of transactions w i t h , and servicing and monitoring extensions of c r e d i t and relationships entered into by, the e n t i t i e s described above in accordance with Board's Regu l a t i o n Y) i n Denver, Colorado, serving the States of Arkansas, Colorado, Kansas, Louisiana, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas, Utah and Wyoming, through a newly-established subsidiary, Toronto-Dominion (Colorado), Inc. (2/24/82) San Francisco U.S. Bancorp, Portland, Oregon, 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, acquiring and servicing of loans and other extensions of c r e d i t , e i t h e r secured or unsecured, f o r i t s own account or the account of others i n cluding, but not limited t o , commercial, rediscount and i n stalment sales contracts; to issue t h r i f t c e r t i f i c a t e s and passbooks and t o act as insurance agent with regard to c r e d i t l i f e and d i s a b i l i t y insurance soley i n connection with extensions of c r e d i t by U.S. T h r i f t , in conformance with the provision of Sections 225.4(a)(1), 225.4(a)(2), 225.4(a)(3), and 2 2 5 . 4 ( a ) ( 9 ) ( H ) of Regulation Y) in Brigham, C i t y , Utah, through i t s subsidiary, U.S. T h r i f t & Loan (2/26/82) I - 30 - H.2, 1982 No. 9 APPLICATIONS RECEIVED-Continued San Francisco U.S. Bancorp, Portland, Oregon, 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, acquiring and servicing of loans and other extension of c r e d i t , either secured or unsecured, f o r i t s own account or for the account of others, including, but not limited t o , commercial consumer loans; instalment sales contracts and other forms of receivables; issuing passbook and investment c e r t i f i c a t e s ; making investments as permitted by Colorado Revised Statutes, 11-22-101 to 11-22-517; and acting as insurance agent with regard to c r e d i t l i f e and d i s a b i l i t y insurance, solely in connection w i t h extensions of c r e d i t by Citizens Thornton) at Thorton Plaza, at the intersection of East 120th Avenue and Colorado B l v d . , i n the north Denver suburb of Thorton, through i t s subsidiary, Citizens Thronton Industrial Bank (2/24/82) * * * * * REPORTS RECEIVED Ownership Statement Filed Pursuant to Section 13(d) of the Securities Exchange Act Peoples Bank of Danvile, Danville, V i r g i n i a Filed by: George B. Buchanan, J r . Worth Harris Carter, J r . George H. Lester, I I * * * * * PETITIONS FOR RULEMAKING None.
@FedFRASER