Full text of H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received : February 9, 1974

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

A N N O U N C E M E N T BY
B O A R D O F GOVERNORS OF THE F E D E R A L R E S E R V E SYSTEM
A p p l i c a t i o n s and Reports Received or Acted on
H.2
1974 No. 6

5

2

During the Week Ending F e b r u a r y 9, 1974
To Become a M e m b e r of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Received
The Bank of Eden, Eden, North Carolina
Approved
^ B a r c l a y s Bank of N e w York, New York, N e w Y o r k
* * * * *

To W i t h d r a w from M e m b e r s h i p in the F e d e r a l R e s e r v e
System Without a Six-Month N o t i c e as Prescribed b y
Section 9 of the Federal Reserve Act
Received
Central West End Bank, St. Louis, M i s s o u r i
* * * * *

4

To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
The Provident B a n k , Cincinnati, O h i o .
Branch to be
established at 6100 Wooster Pike, V i l l a g e of Fairfax,
H a m i l t o n County.

* A p p l i c a t i o n processed by the Reserve Bank on b e h a l f of the Board of
Governors under delegated authority.




H.2
1974 No. 6

12

12

2

2

- 2 Received Cont'd
United California Bank, Los Angeles, California.
Branch
to be established in the vicinity of Stevens Creek
Boulevard and Saich Way, City of Cupertino, Santa Clara
County.
Bank of Utah, Ogden, Utah. Branch to be established at
6 North State Street, Salt Lake City.
Approved
^Bankers Trust Company, New York, New York. Branch to be
established at 1885 Rockaway Parkway, Seaview Shoppers
Mart, Brooklyn.
*First Trust and Deposit Company, Syracuse, New York.
to be established at the following locations:

Branches

A,

To be established at 618-632 Charlotte Street, Utica,
Oneida County.

B.

To be established at 29-35 Devereux Street, Utica,
Oneida County.

2

*Valley Bank of New York, Valley Stream, New York. Branch
to be established in the vicinity of the intersection
of Middle Country Road and Yaphank Road, Middle Island,
(Unincorporated Area), Town of Brookhaven, Suffolk
County.

2

^Manufacturers Hanover Trust Company, New York, New York.
Branch to be established at 2175 Hylan Boulevard,
Richmond County.

2

^Manufacturers Hanover Trust Company/Genesee Region,
Ontario, New York. Branch to be established in the
immediate neighborhood of Monroe Avenue, North of French
Road, Town of Pittsford, Monroe County.

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




H.2
1974 No. 6

- 3
Approved Cont'd
^Manufacturers Hanover Trust Company-Mid Hudson,
Monroe 3 New York.
Branch to be established in the
immediate neighborhood of Mill and New Market Streets,
City of Poughkeepsie, Dutchess County.
Bank of Virginia-Central, Richmond, Virginia.
Branch
to be established at the intersection of Huguenot Road
and Buford Road, Chesterfield County.
The Sumiton Bank, Sumiton, Alabama. Branch to be
established at 1811 Second Avenue, Jasper.

12

-Farmers and Merchants Bank of Central California, Lodi,
California. Branch to be established in the vicinity
of March Lane and Pacific Avenue, Stockton.
Vv

7

2

*

To Merge Pursuant to Section 18(c) of
the Federal Deposit Insurance Act
Received
Union Bank and Trust Company, Ottumwa, Town for prior
approval to merge with The First National Bank of
Eldon, Eldon, Iowa.
Approved
^Valley Bank of New York, Valley Stream, New York for prior
approval to merge with United National Bank of Long
Island, Forest Hills, New York.
-k -k i< it

*

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







To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Received
Transjersey Bancorp., Bloomfield, Mew Jersey, for
prior approval to acquire 100 per cent of the
voting shares of The Bank of Bloomfield, Bloomfield,
New Jersey.
First Illinois Bancshares Corporation, Alton, Illinois,
for prior approval to acquire 44,000 shares of the
voting shares of the successor by merger to First
National Bank & Trust Company in Alton, Alton,
Illinois.
First Financial Services, Inc., Falls City, Nebraska,
for prior approval to acquire 3,950 shares of the
voting shares of The First National Bank of Falls
City, Falls City, Nebraska.
First Hawaiian, Inc., Honolulu, Hawaii, for prior
approval to acquire 100 per cent of the voting
shares (less directors 1 qualifying shares) of First
Hawaiian Bank, Honolulu, Hawaii.
Approved
Northern Illinois Bancorp, Inc., Joliet, Illinois, for
prior approval to acquire 100 per cent of the voting
shares (less directors' qualifying shares) of the
successor by merger to Louis Joliet Bank, Joliet,
Illinois.

* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Received
First Financial Group of New Hampshire, Inc.,
Manchester, New Hampshire, for prior approval to
acquire at least 80 per cent of the voting shares
of Nashua Trust Company, Nashua, New Hampshire.
First Alabama Bancshares, Inc., Birmingham, Alabama,
for prior approval to acquire 80 per cent or more
of the voting shares of the successor by merger to
American Bank & Trust Company, Hartselle, Alabama,




Received Continued
First Amtenn Corporation, Nashville, Tennessee, for
prior approval to acquire 100 per cent (less
directors T qualifying shares) of the voting shares
of the successor by merger to The Cleveland National
Bank, Cleveland, Tennessee.
Aplington Insurance, Inc., Aplington, Iowa, for prior
approval to acquire 4 per cent of the voting shares
of State Savings Bank, Aplington, Iowa.
Northern Michigan Corporation, Escanaba, Michigan, for
prior approval to acquire 100 per cent (less
directors 1 qualifying shares) of the voting shares
of Northern Michigan Bank of Marquette, Marquette,
Michigan, a proposed new bank.
Texas Commerce Bancshares, Inc., Houston, Texas, for
prior approval to acquire 100 per cent (less
directors 1 qualifying shares) of the voting shares
of Arlington Bank and Trust, Arlington, Texas.
Texas Commerce Bancshares, Inc., Houston, Texas, for
prior approval to acquire 100 per cent of the voting
shares (less directors 1 qualifying shares) of First
National Bank of Hurst, Hurst, Texas.
Texas Commerce Bancshares, Inc., Houston, Texas, for
prior approval to acquire 100 per cent (less
directors f qualifying shares) of the voting shares of
Union Bank of Fort Worth, Fort Worth, Texas.
Approved
Barnett Banks of Florida, Inc., Jacksonville, Florida,
for prior approval to acquire 90 per cent or m o r e of
the voting shares of First Peoples Bank, Fort Walton
Beach, Florida.
First International Bancshares, Inc., Dallas, Texas,
for prior approval to acquire 100 per cent of
the voting shares (less directors 1 qualifying shares)
of Exchange Bank, Houston, Texas, a proposed new
bank.
Reactivated
On H.2 No. 47, the Board suspended processing at
Applicant f s request of an application from Wyoming
Bancorporation, Cheyenne, Wyoming, for prior approval
to acquire 95 per cent of the voting shares of Bank
of Wyoming, N.A., Sheridan, Wyoming, a proposed new
bank. At Applicant f s request, this application has
been reactivated.

H.2
1974 No. 6

1

1

1

3

-

6

"

To Expand a Bank Holding Company Pursuant to Section
4(c) (8) of the Bank Holding Company Act of 1956
Received
**First National Boston Corporation, Boston, Massachusetts, notification of intent to engage in
de novo activities (making, acquiring, or servicing,
for its own account or for the account of others,
loans and other extensions of credit, particularly
(a) installment contracts relating to (i) the
purchase of real or personal property, including
without limitation, mobile homes, vacation homes,
land, automobiles, trucks, recreational vehicles,
and equipment, or (ii) the provision of services,
and (b) term loans to businesses) at 100 Federal
Street, Boston, Massachusetts, through a subsidiary,
FNBC Acceptance Corporation.
**Industrial National Corporation, Providence, Rhode
Island, notification of intent to engage in de novo
activities (consumer finance; insurance underwriting
of credit life insurance and credit accident and
health insurance, and insurance agency or brokerage
in connection with selling to consumer finance
borrowers credit life insurance, credit accident
and health insurance, and property damage insurance
for collateral securing loans made to borrowers) at
Pisgah Building, 114 Church Street, Waynesville,
North Carolina, through a subsidiary, Southern
Discount Company.

2-4-74

State Street Boston Financial Corporation, Boston,
Massachusetts, for prior approval to engage de novo
in a joint venture (with Data-Syst-Tance, Inc.,
Kansas City, Missouri) to be known as Boston
Financial Data Services, Inc., Boston, Massachusetts.
**Fidelity Corporation of Pennsylvania, Rosemont, Pennsylvania, notification of intent to engage in de novo
activities (making and acquiring, consumer and mortgage loans to individuals, particularly second mortgage loans; servicing these loans and possibly other
loans secured by mortgages on properties in Rhode
Island where the loans are owned by direct or indirect subsidiaries of Fidelity; and with respect
to all such loans, selling credit life including joint
coverage, credit health and accident, mortgage life

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




2- 7-74

1-11-74

E.2
1974 No. 6

- 7 Received Continued
and disability, dismemberment and accidental death,
and casualty insurance on the collateral; and reinsuring consumer type credit life, health and
accident insurance sold) at 399 Westminister Street,
Providence, Rhode Island; 883 Dexter Street, Central
Falls, Rhode Island; 504 West Main Road, Middletown,
Rhode Island; 7057 Post Road, North Kingstown, Rhode
Island; 576 Newport Avenue, Pawtucket, Rhode Island;
666 Main Street, Wakefield, Rhode Island; Strawberry
Field Road, Wildes Corner, Warwick, Rhode Island;
1161 E Granite Street, Westerly, Rhode Island; 1207
Main Street, Arctic, West Warwick, Rhode Island;
and 1518 Diamont Hill Road, Walnut Hill Plaza,
Woonsocket, Rhode Island; through its proposed
indirect subsidiary, Local Mortgage Company of Rhode
Island.

3

**Fidelity Corporation of Pennsylvania, Rosemont, Penn1-14-74
sylvania, notification of intent to engage in de novo
activities (making and acquiring, consumer and m o r t gage loans to individuals, particularly second mortgage loans; servicing these loans and possibly other
loans secured by mortgages on properties in
Massachusetts where the loans are owned by direct
or indirect subsidiaries of Fidelity; and with respect
to all such loans, selling credit life, credit health
and accident, mortgage life and disability, accidental
death and dismemberment, and casualty insurance on
the collateral and through Master Life Insurance
Company, an indirect subsidiary of Fidelity, reinsuring consumer type credit life, health and accident insurance sold) at 95 Main Street, Brockton Massachusetts; 62 Main Street, Easthampton, Massachusetts;
17 North Main Street, Fall River, Massachusetts; 32
Union Avenue, Framington, Massachusetts; 29 North
Street, Hyannis, Massachusetts; 179 Main Street,
Milford, Massachusetts; 159 Main Street, Northampton,
Massachusetts; 70 Main Street, Peabody, Massachusetts;
1388 Hancock Street, Quincy, Massachusetts; 257 Union
Street, Rockland, Massachusetts; 933 County Street,
Somerset, Massachusetts; 54 Porter Street, Stoughton,
Massachusetts; 3 Main Street, Taunton, Massachusetts;
and 343 Main Street, Woburn, Massachusetts; through
its proposed subsidiary, Local Mortgage Company of
Massachusetts, Inc.

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




H.2
1974 No. 6

3

- 8 Received Continued
**Fidelity Corporation of Pennsylvania, Rosemont, Pennsylvania, notification of intent to engage in de novo
activities (making and acquiring, consumer and mortgage loans to individuals, particularly second mortgage loans; servicing these loans and possibly other
loans secured by mortgages on properties in Massachusetts where the loans are owned by direct or
indirect subsidiaries of Fidelity; and with respect
to all such loans, selling credit life, credit
health and accident, mortgage life and disability,
accidental death and dismemberment and casualty
insurance on the collateral and through Master Life
Insurance Company an indirect subsidiary of Fidelity,
reinsuring consumer type credit life, health and
accident insurance sold) at 29 North Street, Hyannis,
Massachusetts, through its proposed subsidiary,
Local Mortgage Company of Massachusetts, Inc.

1-17-74

3

**Fidelity Corporation of Pennsylvania, Rosemont, Penn1-21-74
sylvania» notification of intent to engage in de novo
activities (making and acquiring, consumer and mortgage loans to individuals, particularly second mortgage loans; servicing these loans secured by mortgages
on properties in Massachusetts where the loans are
owned by direct or indirect subsidiaries of Fidelity;
and with respect to all such loans, selling credit
life, credit health and accident, mortgage life and
disability, accidental death and dismemberment, and
casualty insurance on the collateral and through
Master Life Insurance Company, an indirect subsidiary
of Fidelity, reinsuring consumer type credit life,
health and accident insurance sold) at 17 North Main
Street, Fall River, Massachusetts; 3 M a i n Street,
Taunton, Massachusetts; and 933 County Street, Somerset,
Massachusetts, through its proposed subsidiary, Local
Mortgage Company of Massachusetts, Inc.

3

**Fidelity Corporation of Pennsylvania, Rosemont, Pennsylvania, notification of intent to engage in de novo
activities (making and acquiring, consumer and mortgage loans to individuals, particularly second mortgage loans; servicing these loans and possibly other
loans secured by mortgages on properties in Massachusetts where the loans are owned by direct or
indirect subsidiaries of Fidelity; and with respect

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




1-24-74

H.2
1974 No. 6

- 9 Received Continued
to all such loans, selling credit life, credit lies1th
and accident, mortgage life and disability, accidental
death and dismemberment, and casualty insurance on
the collateral and through Master Life Insurance
Company, an indirect subsidiary of Fidelity, reinsuring consumer type credit life, health and
accident insurance sold) at 179 Main Street, Milford,
Massachusetts, through its proposed subsidiary,
Local Mortgage Company of Massachusetts, Inc.
**Union Commerce Corporation, Cleveland, Ohio, notification of intent to engage in de novo activities
(leasing personal property and equipment, or acting
as agent, broker, or adviser in leasing of such
property, where at the inception of the initial lease
the expectation is that the effect of the transaction
and reasonably anticipated future transactions with
the same lessee as to the same property will be to
compensate the lessor for not less than the lessor f s
full investment in the property; making or acquiring,
for its own account or the account of others, loans
and other extensions of credit, primarily to finance
the acquisition of personal property and equipment;
such loans would include, but not be limited to, the
financing of time sales contracts, conditional sales
agreements, installment purchase loans, and secured
term loans) at 515 Main Street, Cincinnati, Ohio,
through its wholly-owned subsidiary, Union Commerce
Leasing Corporation, Cleveland, Ohio.

2- 5-74

5

**Dominion Bankshares Corporation, Roanoke, Virginia,
notification of intent to engage in de novo activities (to m a k e and service personal loans secured by
first and second mortgages? and act as agent in the
sale of credit life insurance in connection with
such mortgage loans) at Eazelwood Office Building,
U. S. Routes 1 and 58 South, South Hill, Virginia,
through its subsidiary, State Mortgage Corporation.

2-

5

**Virginia National Bankshares, Inc., Norfolk, Virginia,
notification of intent to engage in de novo activities (making, acquiring, and servicing, for its own
account or for the account of others, loans secured
principally by second mortgages on real property;
and acting as agent in the sale of credit life

2- 6-74

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




8-74

H.2
1974 No. 6

- 10 Received Continued
insurance and accident and health insurance in
connection with such loans) at 360 West Shopping
Center, Chesterfield County, Virginia, through its
subsidiary, VNB Equity Corporation.

8

11

First Tennessee National Corporation, Memphis, Tennessee,
for prior approval to acquire 100 per cent of the
voting shares of Tower Loan Company, Hannibal,
Missouri.
**First City Bancorporation of Texas, Inc., Houston,
Texas, notification of intent to engage in a de novo
activity (providing portfolio investment advice) in
Houston, Texas, through a new wholly-owned subsidiary,
First Investment Advisors, Inc.

11

First International Bancshares, Inc., Dallas, Texas,
for prior approval to acquire 100 per cent of the
voting shares of First International Bancshares
Insurance Company, Dallas, Texas.

12

**Marine Bancorporation, Seattle, Washington, notification of intent to engage in a de novo activity
(making or acquiring, for its own account or for
the account of others, loans and other extensions
of credit) at West 2529 Kennewick Avenue, Kennewick,
Washington, through its subsidiary, Coast Mortgage
Company.

2

10

Approved
C.I.T. Financial Corporation, New York, New York,
for prior approval to acquire substantially all of
the assets of Fair Finance Company, Santa Barbara,
California, through its wholly-owned subsidiary,
C.I.T, Financial Services, Inc.
The First National Bancorporation, Inc., Denver,
Colorado, for prior approval to acquire certain assets
of The Security Agency, Sterling, Colorado, through its
wholly-owned subsidiary, First Denver Insurance
Agency, Inc.

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




2- 4-74

2- 4-74

H.2
1974 No. 6

7

1

1

3

- 11 Delayed
**St. Joseph Bank and Trust Company, South Bend, Indiana,
and St. Joseph Agency, Inc., South Bend, Indiana,
notification of intent to engage in de novo activities
(originating, acquiring, selling, and servicing of
residential, commercial, and industrial mortgage loans
as well as making construction and development contruction loans; and the sale of credit life and accident
and health insurance on such extensions of credit by
the company) in South Bend, Indiana, through a subsidiary of St. Joseph Agency, Inc., known as St.
Joseph Mortgage Co., South Bend, Indiana.
Reactivated
**Industrial National Corporation, Providence, Rhode
Island, notification of intent to engage in a de novo
activity (leasing personal property and equipment,
or acting as agent, broker, or adviser in leasing
of such property, and other activities commonly
engaged in by equipment leasing companies) at 111
Westminister Street, Providence, Rhode Island,
through a subsidiary, Hagoth Shipping Corporation.
Permitted
**Industrial National Corporation, Providence, Rhode
Island, notification of intent to engage in a de novo
activity (leasing personal property and equipment, or
acting as agent, broker, or adviser in leasing of such
property, and other activities commonly engaged in
by equipment leasing companies) at 111 Westminister
Street, Providence, Rhode Island, through a subsidiary, Hagoth Shipping Corporation.
**Fidelity Corporation of Pennsylvania, Rosemont, Pennsylvania, notification of intent to engage in de novo
activities (general consumer finance business, making
and acquiring, consumer and mortgage loans to individuals, including second mortgage loans; servicing these
loans; and selling credit life including joint coverage
and credit health and accident insurance to borrowers
and casualty insurance on collateral securing such
loans and through Master Life Insurance Company, an
indirect subsidiary of Fidelity, reinsuring such
credit life, health and accident insurance sold) at
1121 Pinehurst Road, Dunedin, Florida, through its
subsidiary, Local Finance Company of Florida.

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




2- 8-74

2-4-74

2-4-74

2- 4-74

•
H. 2
1974 No. 6

3

•
- 12 -

Permitted Continued
**Fidelity Corporation of Pennsylvania, Rosemont, Pennsylvania, notification of intent to engage in de novo
activities (making and acquiring, consumer and mortgage loans to individuals, particularly second mortgage loans; servicing these loans and possibly other
loans secured by mortgages in New Jersey, where loans
are owned by direct or indirect subsidiaries of
Fidelity; and selling credit life, credit health and
accident, and mortgage insurance to borrowers and
casualty insurance on collateral securing such loans
and through Master Life Insurance Company, an indirect subsidiary of Fidelity, reinsuring consumer
type credit life, health and accident insurance sold)
at 112 Main Street, Rackettstown, New Jersey, through
its subsidiary, Local Mortgage Company of Mew Jersey.

2- 4-74

3

**Fidelity Corporation of Pennsylvania, Rosemont, Pennsylvania, notification of intent to engage in de novo
activities (making and acquiring, consumer and mortgage loans to individuals, particularly second mortgage loans; servicing these loans and possibly other
loans secured by mortgages in New Jersey where loans
are owned by direct or indirect subsidiaries of
Fidelity; selling credit life, credit health and
accident, and mortgage insurance to borrowers and
casualty insurance on collateral securing such loans
and through Master Life Insurance Company, an indirect
subsidiary of Fidelity, reinsuring consumer type credit
life, health and accident insurance sold) at 548
Route 10, Ledgewood, Roxbury Township, New Jersey,
through its subsidiary, Local Mortgage Company of
New Jersey.

2- 8-74

3

**New Jersey National Corporation, Trenton, New Jersey,
notification of intent to engage in d £ novo activities (making, acquiring, selling, and servicing, for
its own account or for the account of others, loans
and other extensions of credit principally secured
by mortgages and such incidental activities as are
necessary to carry on the activities specified) at
6 Corporate Park Drive, Suite 110, White Plains,
New York, through a subsidiary, Underwood Funding
Corp., New York, New York.

2- 4-74

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




H. 2
1974 No. 6

3

- 13 Permitted Continued
'^Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to relocate its
wholly-owned subsidiaries Signal Finance Corporation,
and to engage in de novo activities (making of installment loans for personal, family, or household
purposes, purchasing of sales finance contracts
executed in connection with the sale of personal,
family, or household goods or services; selling
of and writing of reinsurance with respect of credit
life insurance, credit disability insurance and
casualty insurance offered in connection with certain
personal installment loans made and sales finance
contracts purchased and generally engaging in the
business of a consumer finance company) and Signal
Mortgage Corporation, to engage in cte novo activities
(second mortgage lending, which consists of making
personal installment loans secured by a mortgage
of the borrower's real estate which is other than
a first lien and a security interest in personal
property of the borrower) from Stow-Kent Center,
Room 83, 4301 Kent Road, Stow, Ohio, to 3809 Darrow
Road, Stow, Ohio.

2- 8-74

4

**Centran Bancshares Corporation, Cleveland, Ohio,
notification of intent to engage in de novo activities (making of consumer finance loans, purchases
of conditional sales contracts; and selling credit
life insurance and health and accident insurance at
the request of borrowers in connection with extensions
of credit) at 1108 West Broad Street, Falls Church,
Virginia, through its wholly-owned subsidiary, Major
Finance Corporation of Arlington, Arlington, Virginia.

2-9-74

5

**Fidelity American Bankshares, Inc., Lynchburg, Virginia,
notification of intent to engage in tie novo activities
(granting and servicing loans secured by mortgages; and
acting as agent in the sale of credit life and credit
accident insurance in connection with such loans)
in Raleigh, North Carolina, through its subsidiary,
Columbia Mortgage Company.

2- 3-74

6

**Barnett; Banks of Florida, Inc., Jacksonville, Florida,
2- 4-74
notification of intent to engage in de_ novo activities
(conducting the business of a mortgage company,
including the making or acquiring, for its own account
or for the account of others, loans and other extensions of credit; servicing loans and other extensions
of credit for any person; and acting as investment or

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




H. 2
1974 No. 6

_14_
Permitted Continued
financial adviser to the extent o£ (i) providing
portfolio investment advicc, and (ii) furnishing
economic information and advice) in Dallas, Texas,
through its subsidiary, Barnctt Winston Mortgage
Company.

6

**First Commerce Corporation, New Orleans, Louisiana,
notification of intent to engage in jde novo activities
(making or acquiring, for its own account or for the
account of others, loans and other extensions of
credit; and acting as agent or broker in the sale of
credit life and credit accident and health insurance
incidental to such extensions of credit) at 821
Gravier Street, New Orleans, Louisiana, through its
subsidiary, Honey, Inc.

2- 7-74

7

**Harris Bankcorp, Inc., Chicago, Illinois, notification
of intent to engage in de novo activities (making
or acquiring, for its own account secured and unsecured installment loans and other extensions of
credit (including through acceptance of drafts),
primarily to individuals, and selling participations
in (but not acting as underwriter, agent, or broker
with respect thereto) group credit life and credit
health and accident insurance coverage directly
related to such loans and other extensions of credit)
in Calumet City, Chicago, Evergreen Park, Lombard,
Matteson, Mount Prospect, Niles, Oak Brook, Park
Forest, Schaumburg, Skokie, Vernon Hills, and Waukegan,
all located in Illinois, through a subsidiary,
Harriscorp Finance, Inc.

2- 3-74

7

**The Indiana National Corporation, Indianapolis, Indiana,
notification of intent to engage in a de novo activity
(acting as investment or financial adviser to the
extent of serving as the advisory company for INC
Realty Investors, a real estate investment trust
organized under the laws of the State of Maryland)
in Indianapolis, Indiana, through a subsidiary, INC
Realty Advisors, Inc.

2-4-74

12

**BanCal Tri-State Corporation, San Francisco, California,
notification of intent to relocate a de novo activity
(providing bookkeeping or data processing services
for the internal operations of the holding company
and its subsidiaries and storing and processing other

2- 9-74

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




H.2

- 1 5 -

1974 No.

Permitted Continued
banking, financial, or related economic data, such as
performing payroll, accounts receivable or payable,
or billing services) from 6701 Sepulveda Boulevard,
Los Angeles, California, to 6135 East Washington,
City of Commerce, California, through its subsidiary,
California Bankdata Corporation.
12

**Marine Bancorporation, Seattle, Washington, notification
of intent to engage in de novo activities (making
or acquiring, for its own account or for the account
of others, loans and other extensions of credit,
including the making of consumer instalment loans,
purchasing consumer instalment sales finance contracts,
and making of loans to small businesses; leasing
personal property and equipment, or acting as agent,
broker, or adviser in leasing of such property, where
at the inception of the initial lease the expectation
is that the effect of the transaction and reasonably
anticipated future transactions with the same lessee
as to the same property will be to compensate the
lessor for not less than the lessor's full investment
in the property; and acting as insurance agent or
broker with regard to credit life and disability
insurance relating only to extensions of credit by
Commerce Credit Company, secured or unsecured, with
the limitation that the initial amount of such
insurance issued with respect to any debtors may at
no time exceed the amount owed by such debtors) at
1346 Jadwin Street, Richland, Washington, through
its subsidiary, Commerce Credit Company.

2- 7-74

**Washington Bancshares, Inc., Spokane, Washington,
notification of intent to engage in a de novo activity
(acting as agent or broker for the sale of credit
related life, accident, health, and disability
insurance to be sold in connection with credit extended by banks or bank-related firms) at West 422
Riverside Avenue, Spokane, Washington, through a
subsidiary, Union Securities Co.

2- 9-74

12

3

Withdrawn
**Fidelity Corporation of Pennsylvania, Rosemont, Pennsylvania, notification of intent to engage in cle novo
activities (making and acquiring, consumer and mortgage
loans to individuals, particularly second mortgage
loans; servicing these loans and possibly other loans

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




2- 7-74

H.2

16 -

1 9 7 4 No. 6

W i t h d r a w n Continued
secured by m o r t g a g e s on p r o p e r t i e s in M a s s a c h u s e t t s
w h e r e the loans are owned by direct or indirect subsidiaries of Fidelity; and w i t h respect to all such
loans, selling credit life, credit h e a l t h and accident,
mortgage life and d i s a b i l i t y , a c c i d e n t a l death and
d i s m e m b e r m e n t , and casualty insurance on the collateral
and through Master Life Insurance C o m p a n y , an indirect
subsidiary of Fidelity, r e i n s u r i n g consumer type credit
life and health and accident insurance sold) at 95 M a i n
Street, Brockton, M a s s a c h u s e t t s ; 62 M a i n Street, E a s t hampton, M a s s a c h u s e t t s ; 17 N o r t h M a i n Street, Fall River,
M a s s a c h u s e t t s ; 32 U n i o n A v e n u e , Framington, M a s s a c h u s e t t s ;
29 North Street, H y a n n i s , M a s s a c h u s e t t s ; 179 M a i n
Street, M i l f o r d , M a s s a c h u s e t t s ; 159 M a i n Street,
N o r t h a m p t o n , M a s s a c h u s e t t s ; 1388 H a n c o c k Street,
Quincy, M a s s a c h u s e t t s ; 257 U n i o n Street, Rockland,
Massachusetts; 933 County Street, Somerset, M a s s achusetts; 54 Porter Street, Stoughton, M a s s a c h u s e t t s ;
3 M a i n Street, Taunton, M a s s a c h u s e t t s ; 343 M a i n Street,
W o b u r n , M a s s a c h u s e t t s ; and 70 M a i n Street, Peabody,
Massachusetts; t h r o u g h its proposed subsidiary, L o c a l
M o r t g a g e Company of M a s s a c h u s e t t s , Inc.

* * * * *

9

4

To Expand a B a n k H o l d i n g C o m p a n y Pursuant to Section
4(c)(12) of the Bank H o l d i n g C o m p a n y Act of 1956
Received
**Archer-Daniels-Midland C o m p a n y , D e c a t u r , Illinois,
n o t i f i c a t i o n of intent to acquire all of the issued
and outstanding capital stock of O l i e f a b r i e k D e
Ploeg B.V. of M a a s s l u i s , the N e t h e r l a n d s , w h i c h
processes soybeans to p r o d u c e soybean o i l , soybean
m e a l , and related products.
Permitted
**Equity Resources Corporation, C o l u m b u s , Ohio,
n o t i f i c a t i o n of intent to a c q u i r e 1 0 0 p e r cent of the
outstanding c o m m o n stock of C o m m u n i t y Capital Corportion, Columbus» Ohio, a de n o v o concern.

* * 4 ( c ) ( 8 ) and 4(c)(12) notifications processed by R e s e r v e B a n k o n behalf
of the Board of Governors under delegated a u t h o r i t y .




2- 8-74

2- 7 - 7 4

H.2
1974 No. 6

7

10

„ 17 „
Permitted Continued
**Berkshire Hathaway Inc., New Bedford, Massachusetts,
notification of intent to acquire additional shares
of the outstanding voting stock of Interpublic Group
of Companies, Inc., New York, New York, engaged in
furnishing of advertising agency services, in 15
cities in the United States.
**Arizona-Colorado Land & Cattle Company, Phoenix,
Arizona, notification of intent to acquire Great
Bend Manufacturing Company, Great Bend, Kansas.

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




2- 3-74

2- 4-74