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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2 1972 No. 1 A p p l i c a t i o n s and R e p o r t s Received or Acted on During Week Ending J a n u a r y 1, 1972 District To Become a Member of t h e F e d e r a l Reserve System P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Reserve Act Received C i t i z e n s Bank of S c h o o l f i e l d , D a n v i l l e , V i r g i n i a . * * * * * To Withdraw from Membership i n t h e F e d e r a l R e s e r v e System Without a S i x Month N o t i c e as P r e s c r i b e d by S e c t i o n 9 of t h e F e d e r a l R e s e r v e Act Received The C o l o n i a l Bank and T r u s t Company, Waterbury, C o n n e c t i c u t . Approved *The C o l o n i a l Bank and T r u s t Company, Waterbury, C o n n e c t i c u t . * * * * * To E s t a b l i s h a Domestic Branch P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l R e s e r v e Act Received D e p o s i t o r s T r u s t Company, A u g u s t a , Maine, Branch t o be e s t a b l i s h e d a t t h e i n t e r s e c t i o n of Route 27 and Route 96 Boothbay H a r b o r , Maine. Marine Midland B a n k - C e n t r a l , S y r a c u s e , New York. Branch t o be e s t a b l i s h e d a t 10005 James S t r e e t , S y r a c u s e , Onondaga County. Bank of West J e r s e y , D e l r a n Township, New J e r s e y . Branch t o be e s t a b l i s h e d a t Williamstown-New Freedom Road and E r i a l - W i l l i a m s t o w n Road, Winslow Township, Camden County. Marion County Banking Company, Quin, Alabama. Branch t o be e s t a b l i s h e d a t B e x t a r Avenue West (Highway 78 W e s t ) , i n Western Alabama t o be known a s t h e Western Branch. * A p p l i c a t i o n s approved by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . I H. 2 1972 No. 1 Received ( c o n t ' d ) The S e c u r i t y T r u s t and Savings Bank, Shenandoah, Iowa. Branch t o be e s t a b l i s h e d a t 803 West S h e r i d a n Avenue, Shenandoah. C i t i z e n s Bank of P a c i f i c , P a c i f i c , M i s s o u r i . To e s t a b l i s h a d r i v e - i n , walk-up f a c i l i t y w i t h i n t h e c o r p o r a t e l i m i t s of P a c i f i c , M i s s o u r i . Commerce Bank of S t . C h a r l e s , S t . C h a r l e s , M i s s o u r i . To o p e r a t e p r e s e n t main b u i l d i n g a t 204 North Main as a w a l k - i n f a c i l i t y , S t . C h a r l e s . Approved -American S e c u r i t y Bank, Mount P l e a s a n t , Michigan. Branch t o be e s t a b l i s h e d a t 1115 West High S t r e e t , Mount P l e a s a n t , Michigan. - F i r s t Michigan Bank and T r u s t Company, Zealand, Michigan. Branches t o be e s t a b l i s h e d a t t h e f o l l o w i n g l o c a t i o n s : A. At 125 E. Main S t r e e t , Z e e l a n d ; and B. At t h e i n t e r s e c t i o n of B u t t e r n u t Drive and R i l e y S t r e e t , H o l l a n d Township, Ottawa County. -The S o u t h e r n M i s s o u r i T r u s t Company, S p r i n g f i e l d , M i s s o u r i , Branch t o be e s t a b l i s h e d a t 1615 S. Glenstone ( d r i v e - i n banking f a c i l i t y ) , S p r i n g f i e l d . 11 2 To Carry Reduced R e s e r v e s P u r s u a n t t o S e c t i o n 19 of t h e F e d e r a l Reserve Act Approved The Brookhollow N a t i o n a l Bank, D a l l a s , Texas. To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant t o S e c t i o n 25 of the Federal Reserve Act Received I r v i n g T r u s t Company, New York, New York. Branch t o be e s t a b l i s h e d i n F r a n k f u r t , Germany. A p p l i c a t i o n s approved by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . 11.2 1972 No. 1 12 - 3Denied Union Bank, Los A n g e l e s , C a l i f o r n i a . Branch t o be e s t a b l i s h e d in P a r i s , F r a n c e . * * * * * 7 T h i r t y Day N o t i c e of I n t e n t i o n t o E s t a b l i s h An A d d i t i o n a l Branch in a F o r e i g n Country Approved Exchange N a t i o n a l Bank of Chicago, C h i c a g o , I l l i n o i s . Branch t o be e s t a b l i s h e d in J e r u s a l e m , I s r a e l . * * * * * 6 To O r g a n i z e , or I n v e s t i n , a C o r p o r a t i o n Doing F o r e i g n Banking and Other F o r e i g n F i n a n c i n g P u r s u a n t t o S e c t i o n 25 or 25(a) of t h e F e d e r a l R e s e r v e Act Final Permit C i t i z e n s and Southern I n t e r n a t i o n a l Bank of New O r l e a n s , New O r l e a n s , L o u i s i a n a . * * * * * 2 2 To E s t a b l i s h a F o r e i g n Branch of a C o r p o r a t i o n O p e r a t i n g Under S e c t i o n 25 or 25(a) of t h e F e d e r a l Reserve Act Approved Bank of America, New York, New York. Branch t o be e s t a b l i s h e d i n Nassau, Bahamas. S t a t e S t r e e t Bank Boston I n t e r n a t i o n a l , New York, New York. Branch t o be e s t a b l i s h e d in Nassau, Bahamas. * * * * * 2 To Merge P u r s u a n t t o S e c t i o n 18(c) of t h e F e d e r a l D e p o s i t I n s u r a n c e Act _ _ Received Union County T r u s t Company, E l i z a b e t h , New J e r s e y , f o r p r i o r a p p r o v a l t o merge Keansburg-Middletown N a t i o n a l Bank, Middletown, New J e r s e y , under t h e c h a r t e r of the former and t i t l e of United C o u n t i e s T r u s t Company. * * * * * To Form a Bank Holding Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956 Approved C o n n e c t i c u t Bancshares C o r p o r a t i o n , New York, New York, f o r p r i o r a p p r o v a l t o a c q u i r e n o t l e s s t h a n 50.9 p e r c e n t of t h e v o t i n g s h a r e s of N o r t h e r n C o n n e c t i c u t N a t i o n a l Bank, Windsor Locks, Connecticut. Suspense On H.2 No. 41 (1971) t h e Board r e p o r t e d r e c e i p t of an a p p l i c a t i o n from Trans Texas B a n c o r p o r a t i o n , I n c . , El P a s o , T ex as , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of E l Paso N a t i o n a l Bank, El P a s o , T e x a s ; F i r s t S t a t e Bank, E l P a s o , T e x a s ; North g a t e N a t i o n a l Bank of El P a s o , E l P a s o , T e x a s ; Border C i t y Bank, El P a s o , Texas. T h i s a p p l i c a t i o n i s now i n s u s p e n s e a w a i t i n g r e c e i p t of A p p l i c a n t ' s r e p l y t o a Department of J u s t i c e l e t t e r t o t h e Board d a t e d D e c e n t e r 2 8 , 1971. * * * * * To Expand a Bank Holding Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956 Received B a r n e t t Banks of F l o r i d a , I n c . , J a c k s o n v i l l e , F l o r i d a , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t or more of t h e v o t i n g s h a r e s of B a r n e t t Bank of West O r l a n d o , O r l a n d o , F l o r i d a , a proposed new b a n k . North American Mortgage C o r p o r a t i o n , S t . P e t e r s b u r g , F l o r i d a , f o r p r i o r a p p r o v a l t o a c q u i r e 9,560 of t h e v o t i n g s h a r e s of The American Bank, S t . P e t e r s b u r g , F l o r i d a , a proposed new b a n k . Weerva, I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r cent or more of t h e v o t i n g s h a r e s of The Bank of V a i l , V a i l , C o l o r a d o . Weerva, I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t or more of t h e v o t i n g s h a r e s of E a g l e V a l l e y Bank, M i n t u r n , C o l o r a d o . H.2 1972 No. 1 10 -5Received Continued Weerva, I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of The E r i e Bank, E r i e , Colorado. 10 Weerva, I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of F i r s t Westland N a t i o n a l Bank, Lakewood, Colorado. 10 Weerva, I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of Westland N a t i o n a l Bank, Longmont, C o l o r a d o , a p r o p o s e d new b a n k . 10 6 Approved Commerce B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r cent or more of t h e v o t i n g s h a r e s of Clay County S t a t e Bank, Excelsior Springs, Missouri. Reactivated On H.2 No. 42 (1971) t h e Board r e p o r t e d r e c e i p t of an a p p l i c a t i o n from F i r s t a t Orlando C o r p o r a t i o n , Orlando, F l o r i d a , f o r p r i o r approval to acquire a t l e a s t 90 p e r c e n t of t h e v o t i n g s h a r e s of C i t i z e n s Commercial Bank of O c a l a , O c a l a , F l o r i d a , a p r o p o s e d new b a n k . T h i s a p p l i c a t i o n was p l a c e d i n s u s p e n s e f o l l o w i n g r e c e i p t of a Department of J u s t i c e l e t t e r t o t h e Board d a t e d December 9 , 1971. F o l l o w i n g r e c e i p t of A p p l i c a n t ' s r e p l y d a t e d December 22, 1971, t h i s a p p l i c a t i o n h a s been r e a c t i v a t e d . On H.2 No. 42 (1971) t h e Board r e p o r t e d r e c e i p t of an a p p l i c a t i o n from F i r s t at Orlando C o r p o r a t i o n , Orlando, F l o r i d a , f o r p r i o r approval to acquire a t l e a s t 90 p e r c e n t of t h e v o t i n g s h a r e s of The Commercial Bank & T r u s t Company of O c a l a , O c a l a , F l o r i d a . T h i s a p p l i c a t i o n was p l a c e d i n s u s p e n s e f o l l o w i n g r e c e i p t of a Department of J u s t i c e l e t t e r t o t h e Board d a t e d December 9, 19 71. F o l l o w i n g r e c e i p t of A p p l i c a n t ' s r e p l y d a t e d December 22, 1971, t h i s a p p l i c a t i o n has been r e a c t i v a t e d . H.2 19 72 No. 1 10 -6Suspense On H.2 No. 43 (1971) t h e Board r e p o r t e d r e c e i p t of an a p p l i c a t i o n from F i r s t T u l s a B a n c o r p o r a t i o n , I n c . , T u l s a , Oklahoma, f o r p r i o r a p p r o v a l t o a c q u i r e 7,250 of t h e v o t i n g s h a r e s of S o u t h e a s t e r n S t a t e Bank, T u l s a , Oklahoma. This a p p l i c a t i o n i s now i n s u s p e n s e a w a i t i n g r e c e i p t of A p p l i c a n t f s r e p l y t o a Department of J u s t i c e l e t t e r t o t h e Board d a t e d December 29, 1971. * 1 * * * * To Expand a Bank Holding Company P u r s u a n t t o S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956 Received R . I . H . T . C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , f o r p r i o r a p p r o v a l t o engage i n c e r t a i n conmunity r e h a b i l i t a t i o n and development a c t i v i t i e s through t h e l i m i t e d p a r t n e r s h i p of i t s s u b s i d i a r y , Washington Row Company, P r o v i d e n c e , Rhode I s l a n d , in S l a t e r Mall A s s o c i a t e s , P a w t u c k e t , Rhode I s l a n d . 5 * * F i r s t Piedmont C o r p o r a t i o n , G r e e n v i l l e , South C a r o l i n a , n o t i f i c a t i o n of i n t e n t t o engage i n a de novo a c t i v i t y (making or a c q u i r i n g l o a n s and o t h e r e x t e n s i o n s of c r e d i t f o r i t s own account o r f o r t h e a c c o u n t of o t h e r s , , a c t i n g as a d v i s o r f o r an as y e t u n o r g a n i z e d r e a l e s t a t e i n v e s t m e n t t r u s t , and o t h e r p e r m i t t e d a c t i v i t i e s as may b e conducted by a mortgage company) t h r o u g h a s u b s i d i a r y known as F i r s t Piedmont Mortgage Company, I n c . , G r e e n v i l l e , South C a r o l i n a . 12-27-71 6 * * C i t i z e n s and S o u t h e r n Holding Company, A t l a n t a , G e o r g i a , n o t i f i c a t i o n of i n t e n t t o open an o f f i c e i n Miami, F l o r i d a , f o r i t s s u b s i d i a r y C i t i z e n s and Southern I n v e s t m e n t C o u n s e l i n g , I n c o r p o r a t e d , A t l a n t a , G e o r g i a , through which i t w i l l engage i n de novo a c t i t i v i e s ( a c t i n g g e n e r a l l y as an i n v e s t m e n t and f i n a n c i a l a d v i s o r f o r i n d i v i d u a l b u s i n e s s e n t i t i e s and t r u s t i n c l u d i n g ( i ) s e r v i n g as t h e i n v e s t m e n t a d v i s o r f o r a mortgage o r r e a l e s t a t e i n v e s t m e n t t r u s t and ( i i ) f u r n i s h i n g economic or f i n a n c i a l i n f o r m a t i o n ) . 12-27-71 **Processed by t h e Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . H.2 1972 No. 1 7 7 3 3 -7Received Continued **Hawkeye B a n c o r p o r a t i o n , Red Oak, Iowa, n o t i f i c a t i o n 12-27-71 of i n t e n t t o engage i n c e r t a i n de novo a c t i v i t i e s ( a c t i n g as i n s u r a n c e a g e n t or b r o k e r with r e s p e c t t o t h e f o l l o w i n g t y p e s of i n s u r a n c e : ( i ) any i n s u r a n c e f o r t h e h o l d i n g company and i t s s u b s i d i a r i e s ; and ( i i ) any i n s u r a n c e t h a t (a) i s d i r e c t l y r e l a t e d t o an e x t e n s i o n of c r e d i t by a bank or b a n k - r e l a t e d f i r m of t h e k i n d d e s c r i b e d i n R e g u l a t i o n Y of t h e Board of Governors or (b) i s d i r e c t l y r e l a t e d t o t h e p r o v i s i o n of o t h e r f i n a n c i a l s e r v i c e s by a bank or such b a n k - r e l a t e d f i r m , or (c) i s o t h e r w i s e s o l d as a m a t t e r of convenience t o t h e p u r c h a s e r , so long as t h e premium income from s a l e s w i t h i n t h e s u b c l a u s e (c.) does n o t c o n s t i t u t e a s i g n i f i c a n t p o r t i o n of t h e a g g r e g a t e i n s u r a n c e premium income of t h e h o l d i n g company. from i n s u r a n c e s o l d p u r s u a n t t o t h i s c l a u s e ( i i ) ) through i t s s u b s i d i a r y Hawkeye B a n c o r p o r a t i o n I n s u r a n c e S e r v i c e s , I n c . , Red Oak, Iowa. These a c t i v i t i e s w i l l be p e r f o r m e d i n t h e f o l l o w i n g new l o c a t i o n s : Cedar Rapids and Des Moines, Iowa. Approved M a r s h a l l & I l s l e y Bank Stock C o r p o r a t i o n , Milwaukee, Wisconsin, f o r p r i o r approval to acquire the a s s e t s and assume t h e l i a b i l i t i e s of F i r s t N a t i o n a l L e a s i n g C o r p o r a t i o n , Milwaukee, W i s c o n s i n . Permitted** F i d e l i t y C o r p o r a t i o n of P e n n s y l v a n i a , Rosemont, P e n n s y l v a n i a , t o r e t a i n a de novo a c t i v i t y ( t h e o p t i c a l r e a d i n g of f i n a n c i a l l y r e l a t e d i n f o r m a t i o n f o r computer i n p u t ) through i t s wholly-owned s u b s i d i a r y , F i d e l i t y Optimation S e r v i c e s , I n c . , ( t o be changed t o F i d e l i t y Computer S e r v i c e s , I n c . ) King of P r u s s i a , P e n n s y l v a n i a . I t p e r f o r m s t h e s e s e r v i c e s f o r The F i d e l i t y Bank, Rosemont, P e n n s y v l a n i a , t h e p r i n c i p a l s u b s i d i a r y of t h e corporation. (The Reserve Bank a c c e l e r a t e d t h e permission.) F i d e l i t y C o r p o r a t i o n of P e n n s y l v a n i a , Rosemont, Pennsylvania, to t r a n s f e r the f i n a n c i a l l y r e l a t e d d a t a p r o c e s s i n g a c t i v i t i e s of i t s b a n k i n g s u b s i d i a r y , The F i d e l i t y Bank, Rosemont, Pennsylvania, to i t s non-banking s u b s i d i a r y , F i d e l i t y O p t i m a t i o n S e r v i c e s , I n c . , ( t o be changed t o F i d e l i t y Computer S e r v i c e s , I n c . ) King of P r u s s i a , P e n n s y l v a n i a . ^ P r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . 12-31-71 12-31-71 H.2 1972 No. 5 P e r m i t t e d * * Continued F i r s t Piedmont C o r p o r a t i o n , G r e e n v i l l e , South C a r o l i n a , t o engage i n a de novo a c t i v i t y (making o r a c q u i r i n g , f o r i t s own account o r f o r t h e account of o t h e r s , l o a n s and o t h e r e x t e n s i o n s of c r e d i t ) t h r o u g h a s u b s i d i a r y t o known as F i r s t Piedmont C a p i t a l C o r p o r a t i o n , G r e e n v i l l e , South C a r o l i n a . 12-30-71 5 N o r t h w e s t e r n F i n a n c i a l C o r p o r a t i o n North W i l k e s b o r o , North C a r o l i n a , t o engage i n a de novo a c t i v i t y (making or a c q u i r i n g l o a n s o r o t h e r e x t e n s i o n s of c r e d i t such as would be made by a f a c t o r i n g company) through a s u b s i d i a r y t o be known as N o r t h w e s t e r n F a c t o r s , I n c . , North W i l k e s b o r o , North C a r o l i n a . 12-27-71 5 N o r t h w e s t e r n F i n a n c i a l C o r p o r a t i o n , North W i l d e s b o r o , North C a r o l i n a , t o engage i n a de novo a c t i v i t y ( a c t i n g as a d v i s o r t o as y e t tmorganized r e a l e s t a t e investment t r u s t s ) t h r o u g h a s u b s i d i a r y t o be known as N o r t h w e s t e r n Advisory C o r p o r a t i o n , North W i l k e s b o r o , North Carolina. 12-27-71 Colorado N a t i o n a l B a n k s h a r e s , I n c . , Denver, C o l o r a d o , t o engage i n a de novo a c t i v i t y (mortgage l e n d i n g ) t h r o u g h a s u b s i d i a r y , G a r r e t t - B r o m f i e l d Mortgage Company, Colorado Springs, Colorado. 12-27-71 10 1 6 Reactivated On H.2 No. 43 (1971) t h e Board r e p o r t e d r e c e i p t of an a p p l i c a t i o n from F i r s t N a t i o n a l Boston Corporation, Boston, Massachusetts, f o r p r i o r approval to acquire c e r t a i n assets r e l a t e d to t h e f a c t o r i n g b u s i n e s s of Cromp ton-Richmond C o . , I n c . F a c t o r s , New York, New York. T h i s a p p l i c a t i o n was p l a c e d i n s u s p e n s e f o l l o w i n g r e c e i p t of a Department of J u s t i c e l e t t e r t o t h e Board d a t e d December 1 0 , 19 71. The a p p l i c a t i o n h a s now been r e a c t i v a t e d . Suspended** C i t i z e n s and S o u t h e r n Holding Company, A t l a n t a , G e o r g i a , n o t i f i c a t i o n of i n t e n t t o s h i f t a c t i v i t i e s p r e v i o u s l y engaged i n de novo ( ( 1 ) * * P r o c e s s e d by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . 12-27-71 H. 2 1972 No. 1 5 5 10 1 6 -9P e r m i t t e d * * Continued N o r t h w e s t e r n F i n a n c i a l C o r p o r a t i o n , North W i l k e s b o r o , North C a r o l i n a , t o engage i n a de novo a c t i v i t y (making or a c q u i r i n g l o a n s or o t h e r e x t e n s i o n s of c r e d i t such as would be made by a f a c t o r i n g company) through a s u b s i d i a r y t o be known as N o r t h w e s t e r n F a c t o r s , I n c . , North W i l k e s b o r o , North C a r o l i n a . N o r t h w e s t e r n F i n a n c i a l C o r p o r a t i o n , North W i l d e s b o r o , North C a r o l i n a , t o engage i n a de novo a c t i v i t y ( a c t i n g as a d v i s o r t o as y e t unorganized r e a l e s t a t e investment t r u s t s ) through a s u b s i d i a r y t o b e known as N o r t h w e s t e r n Advisory C o r p o r a t i o n , North W i l k e s b o r o , North Carolina. 12-27-71 Colorado N a t i o n a l B a n k s h a r e s , I n c . , Denver, C o l o r a d o , t o engage i n a de novo a c t i v i t y (mortgage l e n d i n g ) through a s u b s i d i a r y , G a r r e t t - B r o m f i e l d Mortgage Company, Colorado S p r i n g s , Colorado, 12-27-71 Reactivated On H. 2 No. 43 (1971) t h e Board r e p o r t e d r e c e i p t of an a p p l i c a t i o n from F i r s t N a t i o n a l Boston Corporation, Boston, Massachusetts, f o r p r i o r approval to acquire c e r t a i n a s s e t s r e l a t e d to t h e f a c t o r i n g b u s i n e s s of Crompton-Richmond Co. , I n c . F a c t o r s , New York, New York. This a p p l i c a t i o n was p l a c e d i n s u s p e n s e f o l l o w i n g r e c e i p t of a Department of J u s t i c e l e t t e r t o t h e Board d a t e d December 1 0 , 1971. The a p p l i c a t i o n has now been r e a c t i v a t e d . Suspended** C i t i z e n s and S o u t h e r n Holding Company, A t l a n t a , G e o r g i a , n o t i f i c a t i o n of i n t e n t t o s h i f t a c t i v i t i e s p r e v i o u s l y engaged i n de novo ((1) making o r a c q u i r i n g , f o r i t s own account o r f o r t h e a c c o u n t of o t h e r s , l o a n s and o t h e r e x t e n s i o n s of c r e d i t , i n c l u d i n g i s s u i n g l e t t e r s * * P r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . 12-27-71 12-27-71 H.2 1972 No. 1 -10Suspended** Continued of c r e d i t and a c c e p t a n c e d r a f t s , such as would b e made f o r example, by a mortgage f i n a n c e c r e d i t card or f a c t o r i n g company; (2) s e r v i c i n g l o a n s o r o t h e r e x t e n s i o n s of c r e d i t f o r any p e r s o n ; and (3) a c t i n g as i n v e s t m e n t or f i n a n c i a l a d v i s e r , i n c l u d i n g ( i ) s e r v i n g as t h e a d v i s o r y company f o r a mortgage o r a r e a l e s t a t e investment t r u s t and ( i i ) f u r n i s h i n g economic or f i n a n c i a l i n f o r m a t i o n ) from The C i t i z e n s and Southern N a t i o n a l Bank, Savannah, G e o r g i a , t o a w h o l l y owned s u b s i d i a r y t o be known as C i t i z e n s and Southern Mortgage Company, A t l a n t a , G e o r g i a . Withdrawn On H.2 No. 45 (1971) t h e Board r e p o r t e d r e c e i p t of an a p p l i c a t i o n from Mid-America F i d e l i t y C o r p o r a t i o n , Ann Arbor, Michigan, f o r p r i o r a p p r o v a l t o a q u i r e 100 p e r c e n t of t h e o u t s t a n d i n g common s t o c k of Ann Arbor T r u s t Company, Ann Arbor, Michigan• In a l e t t e r d a t e d December 24, 1971, A p p l i c a n t r e q u e s t e d t h a t t h e a p p l i c a t i o n be withdrawn. 7 * * * * * 7 To Expand a Bank Holding Company P u r s u a n t t o S e c t i o n 4 ( c ) ( 1 2 ) of t h e Banking Holding Company Act of 1956 Received** Gulf & Western I n d u s t r i e s , I n c . , New York, New York, n o t i f i c a t i o n of i n t e n t t o a c q u i r e s h a r e s of R i c h a r d s I n t e r n a t i o n a l , I n c . , New York, New York, a r e c e n t l y formed Delaware C o r p o r a t i o n which p r o p o s e s t o engage i n r e a l e s t a t e development and c o n s t r u c t i o n b o t h i n t h e United S t a t e s and abroad. **Processed by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . 12-31-71 # H. 2 1972 No. 1 -11Permitted** The C h a r t e r Company, J a c k s o n v i l l e , F l o r i d a , t o a c q u i r e a l l of t h e o u t s t a n d i n g c a p i t a l s t o c k of M and A P e t r o l e u m Company, V i c t o r i a , T e x a s . The C h a r t e r Company, J a c k s o n v i l l e , F l o r i d a , t o a c q u i r e a l l of t h e o u t s t a n d i n g c a p i t a l s t o c k of C. H. Sprague & Son Company, P r o v i d e n c e , Rhode I s l a n d . 12-27-71 Growth C a p i t a l , I n c . , Chicago, I l l i n o i s , t o a c q u i r e N o r t h w e s t e r n I n v e s t m e n t Company, L e v e l l a n d , T ex as , t h r o u g h a s u b s i d i a r y known as Growth SBIC, I n c . , Milwaukee, Wisconsin. 12-27-71 * * * * * 3 For Exemption P u r s u a n t t o S e c t i o n 4(d) of t h e Bank Holding Company Act of 1956 Received M i l t o n Hershey S c h o o l , H e r s h e y , P e n n s y l v a n i a . 7 CPC I n t e r n a t i o n a l , I n c . , Englewood C l i f f s , New J e r s e y . 9 Minnesota Mining and M a n u f a c t u r i n g Co., Saint Paul, Minnesota. 12-27-71
@FedFRASER