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I i e ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( H . 2 , 1981 No. 3) A c t i o n s of t h e Board; A p p l i c a t i o n s and Reports Received During t h e Week Ending January 17, 1981 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD P o l i c y S t a t e m e n t , f r e q u e n c y of examinations of S t a t e member banks, i n s p e c t i o n of bank h o l d i n g companies and other bank r e l a t e d f u n c t i o n s . R e g u l a t i o n Q, t e c h n i c a l amendments t h a t w i l l conform R e g u l a t i o n Q t o f i n a l r u l e s i s s u e d by t h e D e p o s i t o r y I n s t i t u t i o n s Deregulation Act. R e g u l a t i o n T, n o t i c e of p r o p o s a l to d e l e t e p r o v i s i o n p e r m i t t i n g u s e of f o r e i g n currency i n a margin a c c o u n t . (Docket No. R-0250) Kansas C i t y Colorado Bank and Trust Company of La J u n t a , La J u n t a , C o l o r a d o , i n v e s t m e n t i n bank p r e m i s e s . 1/ Staff are Mr. Mr. Mr. Mr. 1/ appointments in the D i v i s i o n of Research and S t a t i s t i c s as f o l l o w s : Jared J . E n z l e r , S e n i o r Deputy A s s o c i a t e D i r e c t o r Donald L. Kohn, Deputy A s s o c i a t e D i r e c t o r David E. L i n d s e y , A s s i s t a n t D i r e c t o r Joe M. C l e a v e r , A s s i s t a n t D i r e c t o r A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. H.2, 1981 No. 3 2 - ACTIONS OF THE BOARD-Continued To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 of t h e F e d e r a l Reserve Act Cleveland Cleveland Chicago Withdrawn The Minerva Banking Company, Minerva, Ohio. Branch t o be e s t a b l i s h e d a t 111 East P o r t e r S t r e e t , Malvern, C a r r o l l County, O h i o . Approved The L i b e r t y S t a t e Bank, L i b e r t y C e n t e r , O h i o . Branch t o be e s t a b l i s h e d at 1424 North Scot t S t r e e t , N a p o l e o n , Henry County, O h i o . _1/ & 2 / Davenport Bank and Trust Company, Davenport, Iowa. To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y at Ea g l e D i s count Supermarket S t o r e # 2 3 1 , 2357 West L o c u s t , D a v e n p o r t , Iowa. 1/ & 2 / * * * * * To Become a Member of t h e F e d e r a l Reserve System Pursuant 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 Chicago Approved New P e o p l e s S t a t e Bank of L e s l i e , L e s l i e , Michigan. \J & 2/ * * * * * I s s u e d I n t e n t Not t o D i s a p p r o v e Change o f C o n t r o l Pursuant t o Change i n Bank C o n t r o l Act of 1978 Dallas 1/ 2/ Not Disapproved CB&T B a n c s h a r e s , I n c . , C l e v e l a n d , T e x a s . J/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as t o the l e n g t h of the comment p e r i o d . i H . 2 , 1981 No. 3 - 3 ACTIONS OF THE BOARD-Continued To E s t a b l i s h a U.S. Branch of an Edge Act C o r p o r a t i o n Pursuant t o S e c t i o n 2 5 ( a ) o f the F e d e r a l Reserve Act New York Approved C i t i b a n k , N . A . , New York, New York: g r a n t s c o n s e n t of i t s i n t e n t to e s t a b l i s h and o p e r a t e a branch of i t s wholly-owned s u b s i d i a r y , C i t i b a n k I n t e r a m e r i c a , Miami, Florida, D a l l a s , Texas. * * * * * A p p l i c a t i o n s and N o t i f i c a t i o n s for I n t e r n a t i o n a l I n v e s t ments and Other A c t i o n s Pursuant to S e c t i o n s 25 and 2 5 ( a ) of t h e Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956 as amended San Francisco New York Approved Bamerical I n t e r n a t i o n a l F i n a n c i a l C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a : g r a n t s c o n s e n t to amend A r t i c l e F i r s t of i t s A r t i c l e s of A s s o c i a t i o n to change i t s name t o BankAmerica International Financial Corporation. S i x t y Day N o t i f i c a t i o n P e r i o d Allowed t o Expire C i t i c o r p , New York, New York: no o b j e c t i o n to make an a d d i t i o n a l investment i n C i t i c o r p O v e r s e a s Finance Corporation Limited, Tortola, B r i t i s h Virgin Islands. * * * * * To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) o f the Bank Holding Company Act o f 1956 Richmond T7 7j Approved F&M Holding Company, S u m m e r s v i l l e , West V i r g i n i a , for approval t o a c q u i r e at l e a s t 80 percent of the v o t i n g s h a r e s o f Farmers and Merchants Bank of S u m m e r s v i l l e , S u m m e r s v i l l e , West V i r g i n i a . JL/ & 2/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as t o the l e n g t h of the comment p e r i o d . 1 H . 2 , 1981 No. 3 - 4 ACTIONS OF THE BOARD-Continued Chicago ANCHOR BANCORPORATION INC., Farmer C i t y , I l l i n o i s , f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of Anchor S t a t e Bank, Anchor, I l l i n o i s . JJ & 2/ Chicago B u f f a l o B a n c o r p o r a t i o n , I n c . , B u f f a l o Grove, I l l i n o i s , f o r approval t o a c q u i r e 51 p e r c e n t or more of the v o t i n g s h a r e s of B u f f a l o Grove N a t i o n a l Bank, B u f f a l o Grove, I l l i n o i s . IJ & 2j Chicago E l s ton C o r p o r a t i o n , C r a w f o r d s v i l l e , I n d i a n a , for approval to a c q u i r e 100 percent ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o E l s ton Bank & Trust Company, C r a w f o r d s v i l l e , I n d i a n a . 1/ & 2/ Chicago E v e r l y B a n c o r p o r a t i o n , E v e r l y , Iowa, f o r approval t o a c q u i r e 80 percent or more of t h e v o t i n g s h a r e s of E v e r l y S t a t e Bank, E v e r l y , Iowa. _!/ & _2/ Chicago FIRST NATIONAL BANCORP. , New C a s t l e , I n d i a n a , for approval t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of the s u c c e s s o r by merger t o F i r s t N a t i o n a l Bank i n New C a s t l e , New C a s t l e , I n d i a n a . 1/ & 2 / Chicago Hardin County Bancorporat i o n , E l d o r a , Iowa, for approval t o a c q u i r e at l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of Hardin County S a v i n g s Bank of E l d o r a , E l d o r a , Iowa. 1/ & 2/ St. Louis F i r s t U n i t e d , I n c . , Central C i t y , Kentucky, f o r approval to a c q u i r e a t l e a s t 80 and up to 100 percent of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank of C e n t r a l C i t y , C e n t r a l C i t y , Kentucky. _1/ & 2j St. Louis Pike B a n c s h a r e s , I n c . , P e t e r s b u r g , I n d i a n a , f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank of P e t e r s b u r g , P e t e r s b u r g , Indiana. 1/ & 2 / Minneapolis Cameron Investment Company, I n c . , Park F a l l s , W i s c o n s i n , for approval to a c q u i r e 84 percent of t h e v o t i n g s h a r e s of Bank o f Cameron, Cameron, W i s c o n s i n . 2/ 1/ 2/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d aut h o r i t y . A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as t o the l e n g t h of the comment p e r i o d . H . 2 , 1981 No. 3 5 ACTIONS OF THE BOARD-Continued Minneapolis Echo B a n c s h a r e s , I n c . , Echo, Minnesota, f o r approval t o a c q u i r e 80 percent 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 S t a t e Bank of Echo, Echo, Minnesota. \f & 2 / Minneapolis FINANCIAL BANCSHARES COMPANY, Becker, M i n n e s o t a , for approval t o a c q u i r e at l e a s t 9 3 . 3 3 percent of the v o t i n g s h a r e s of S a n t i a g o S t a t e Bank, S a n t i a g o , M i n n e s o t a . 1/ & 2/ Minneapolis S e c u r i t y S t a t e Holding Company, L i n d s t r c m , M i n n e s o t a , f o r approval to a c q u i r e 96 percent of t h e v o t i n g s h a r e s of S e c u r i t y S t a t e Bank of Lindstrom, L i n d s t r o m , M i n n e s o t a . 1/ & 2/ Kansas C i t y The Highland Ban-Corp., I n c . , C l e v e l a n d , Oklahoma, f o r app r o v a l to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of The Cleveland Bank, C l e v e l a n d , Oklahoma. \J & 2/ Dal l a s F i r s t C i t i z e n s B a n c s h a r e s , I n c . , Waxahachie, T e x a s , f o r a p p r o v a l to a c q u i r e 80 percent 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 N a t i o n a l Bank i n Waxahachie, Waxahachie, T e x a s . JL/ & If Dallas J e r s e y V i l l a g e B a n c s h a r e s , I n c . , H o u st o n , T e x a s , f o r app r o v a l to a c q u i r e 100 percent ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of the v o t i n g s h a r e s of J e r s e y V i l l a g e Bank, J e r s e y V i l l a g e ( P . O . H o u s t o n ) , T e x a s . JL/ & 2j Dallas Metro BancShares, I n c . , A l v a r a d o , T e x a s , f o r approval t o a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of A l v a r a d o S t a t e Bank, A l v a r a d o , T e x a s . If & 2] San Franci s c o O r i e n t B a n c o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , for approval t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of Bank of t h e O r i e n t , San F r a n c i s c o , C a l i f o r n i a . 1/ & 2 / 1/ If A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H.2, 1981 No. 3 - 6 ACTIONS OF THE BOARD-Continued To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company Act o f 1956 Boston Approved C o n n e c t i c u t River Bancorp, I n c . , C h a r l e s t o n , New Hampshire, f o r approval t o a c q u i r e at l e a s t 6 5 . 7 9 p e r c e n t of the v o t i n g s h a r e s of P e o p l e s N a t i o n a l Bank of L i t t l e t o n , L i t t l e t o n , New Hampshire. If & 2 / Chicago Independent Bank C o r p o r a t i o n , I o n i a , M i c h i g a n , for approval t o a c q u i r e 100 percent of the v o t i n g s h a r e s of The P e o p l e s Bank of L e s l i e , L e s l i e , Michigan. 1/ & 27 Chicago Michigan N a t i o n a l C o r p o r a t i o n , B l o o m f i e l d H i l l s , Michigan, for approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of Michigan N a t i o n a l Bank - Grosse P o i n t e s , Grosse P o i n t e s , M i c h i g a n , a proposed new bank. 1/ & 2/ St. Louis Mercantile Bancorporation I n c . , S t . Louis, Missouri, for approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of P e o p l e s Bank of Kansas C i t y , Kansas C i t y , M i s s o u r i . 1/ & 2 / * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956 Minneapolis New York \J 2/ 2/ Approved FINANCIAL BANCSHARES COMPANY, B e c k e r , M i n n e s o t a , for approval t o c o n t i n u e to engage in the s a l e of g e n e r a l i n s u r a n c e in a community with a p o p u l a t i o n not e x c e e d ing 5 , 0 0 0 . 1/ Withdrawn Horizon Bancorp, Morristown, New J e r s e y , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( s e r v i c i n g loans and other e x t e n s i o n s o f c r e d i t for any person) a t 334 Madison Avenue, Morristown, New J e r s e y , through i t s subs i d i a r y , Horizon C r e d i t c o r p ( 1 / 1 3 / 8 1 ) 3 / A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on b e h a l f of the 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 , 1981 No. 3 - 7 ACTIONS OF THE BOARD-Continued S t . Louis Richmond Richmond 37 Returned F i r s t Arkansas Bankstock C o r p o r a t i o n , L i t t l e Rock, A r k a n s a s , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( o p e r a t i n g a f i n a n c e company, i n c l u d i n g t h e e x t e n s i o n of d i r e c t l o a n s f o r consumer and o t h e r purposes secured p r i m a r i l y by second mortgages on r e a l e s t a t e ; and a c t i n g as agent in the s a l e of c r e d i t l i f e , a c c i d e n t and h e a l t h , and p h y s i c a l damage i n s u r a n c e d i r e c t l y r e l a t e d t o i t s e x t e n s i o n s of c r e d i t ) a t 6660 R i v e r s i d e D r i v e , M e t a i r i e , L o u i s i a n a , through a s u b s i d i a r y , Riverside Credit Corporat i o n ; t h e a c t i v i t i e s would be c o n d u c t e d i n i t i a l l y from a n o f f i c e i n L a f a y e t t e , s e r v i n g S o u t h C e n t r a l L o u i s i a n a , and w i t h i n 12 months a n o t h e r o f f i c e l o c a t e d i n La P l a c e , s e r v i n g S o u t h e a s t e r n L o u i s i a n a , and s p e c i f i c a l l y , t h e s u r r o u n d i n g p a r i s h e s in which t h e o f f i c e s a r e l o c a t e d ( 1 / 7 / 8 1 ) JV Permitted Maryland N a t i o n a l C o r p o r a t i o n , B a l t i m o r e , Maryland , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o i n c l u d e commercial l e n d i n g o p e r a t i o n s i n c l u d i n g , but not l i m i t e d t o , s e c u r e d and unsecured commercial loans and other e x t e n s i o n s of c r e d i t to commercial e n t e r p r i s e s and a c t i n g a s a d v i s e r or broker in canmercial l e n d i n g t r a n s a c t i o n s ) a t 300 East J op pa Road, Tow son and 10 L i g h t S t r e e t , B a l t i m o r e , Maryland, through i t s s u b s i d i a r y , Maryland 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 ( 1 / 1 7 / 8 1 ) 37 Maryland N a t i o n a l C o r p o r a t i o n , B a l t i m o r e , Maryland, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( i n c l u d i n g , but not l i m i t e d t o , t h e l e a s i n g of v a r i o u s t y p e s of equipment, machinery, v e h i c l e s , t r a n s p o r t a t i o n equipment, and d a t a p r o c e s s i n g equipment and i n c l u d i n g c o n d i t i o n a l s a l e s c o n t r a c t s and c h a t t e l mortgages) where the l e a s e i s the f u n c t i o n a l e q u i v a l e n t of an e x t e n s i o n of c r e d i t ; o r i g i n a t i n g and s e r v i c i n g p e r s o n a l property l e a s e s as p r i n c i p a l or a g e n t ; b u y i n g , s e l l i n g and o t h e r w i s e d e a l i n g i n p e r s o n a l p r o p e r t y l e a s e c o n t r a c t s as p r i n c i p a l or a g e n t ; a c t i n g as a d v i s e r in p e r s o n a l p r o p e r t y l e a s i n g t r a n s a c t i o n s ; e n g a g i n g in t h e s a l e , as agent or b r o k e r , o f i n s u r a n c e s i m i l a r in form and i n t e n t to c r e d i t l i f e a n d / o r mortgage redemption i n s u r a n c e ; comm e r c i a l l e n d i n g o p e r a t i o n s i n c l u d i n g , but not l i m i t e d 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n 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 . I H . 2 , 1981 No. 3 - 8 ACTIONS OF THE BOARD-Continued t o , s e c u r e d and unsecured commercial loans and o t h e r e x t e n s i o n s of c r e d i t to commercial e n t e r p r i s e s ; and a c t ing as a d v i s o r or broker in commercial l e n d i n g t r a n s a c t i o n s ) a t S u i t e 2 9 5 , T o l l h i l l O f f i c e Park, 5310 Harvest H i l l s Road, D a l l a s , T e x a s , through i t s s u b s i d i a r y , Maryland 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 ( 1 / 1 7 / 8 1 ) 3/ Chicago N a t i o n a l D e t r o i t C o r p o r a t i o n , D e t r o i t , Michigan, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n mortgage banking a c t i v i t i e s i n c l u d i n g t h e making and a c q u i r i n g o f mortgage loans for i t s account and for t h e account of o t h e r s ) at 2945 Midland Road, Midland, M i c h i g a n , t h r o u g h i t s wholly-owned s u b s i d i a r y , NBD Mortgage Company (1/12/81) 2 / San Francisco U.S. B a n c o r p , P o r t l a n d , O r e g o n , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o e n g a g e i n t h e m a k i n g , a c q u i r i n g and s e r v i c i n g of 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 e i t h e r secured or unsecured for i t s own account or f o r the account of o t h e r s , i n c l u d i n g t h e making of consumer i n s t a l l m e n t l o a n s , p u r c h a s i n g consumer i n s t a l l ment and r e a l e s t a t e s a l e s f i n a n c e c o n t r a c t s and e v i d e n c e s of debt and making consumer home e q u i t y loans secured by r e a l e s t a t e , making i n d u s t r i a l l o a n s ; and a c t i n g as i n s u r ance 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 i n s u r ance s o l e l y i n c o n n e c t i o n w i t h e x t e n s i o n s of c r e d i t by Bancorp F i n a n c i a l ) i n t h e London Square Shopping Center on the n o r t h e a s t c o r n e r of the P e o r i a and I l i f f I n t e r s e c t i o n i n Aurora, C o l o r a d o , through i t s s u b s i d i a r y , U.S. Bancorp F i n a n c i a l , I n c . ( 1 / 1 5 / 8 1 ) 3/ San F r a n c i sc o W e l l s Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( ( l ) making or a c q u i r i n g r e a l e s t a t e r e l a t e d loans and other 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 or f o r the account of o t h e r s ; ( 2 ) s e r v i c i n g t h e loans and e x t e n s i o n s of c r e d i t d e s c r i b e d i n ( 1 ) above; ( 3 ) a c t i n g as an investment a d v i s e r t o W e l l s Fargo Mortgage and E q u i t y Trust (a r e a l e s t a t e investment t r u s t ) , o t h e r a f f i l i a t e s o f W e l l s Fargo & Company and other i n v e s t o r s with r e s p e c t to r e a l e s t a t e investment p o r t f o l i o s ; ( 4 ) p r o v i d i n g f u l l payout l e a s i n g of r e a l p r o p e r t y or a c t i n g as a g e n t , broker or a d v i s e r in arranging such l e a s e s to the e x t e n t permitted by S e c t i o n 2 2 5 . 4 ( a ) ( 6 ) ( b ) of R e g u l a t i o n Y of t h e F e d e r a l Reserve Board; and ( 5 ) p r o v i d i n g bookkeeping or d a t a 37 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n 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 . H.2, 1981 No. 3 - 9 ACTIONS OF THE BOARD-Continued processing s e r v i c e s related to real e s t a t e investments o f W e l l s Fargo & Company and i t s a f f i l i a t e s ) i n A t l a n t a , G e o r g i a , through i t s s u b s i d i a r y , Wells Fargo Realty Advisors (1/6/81) 3/ San Francisco Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , not i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own account or f o r the a c count of o t h e r s , loans and other e x t e n s i o n s of c r e d i t ; l e a s i n g p e r s o n a l or r e a l p r o p e r t y or a c t i n g as a g e n t , b r o k e r , or a d v i s e r i n l e a s i n g such property where t h e l e a s e i s to s e r v e as the f u n c t i o n a l e q u i v a l e n t of an e x t e n s i o n o f c r e d i t to the l e s s e e of t h e p r o p e r t y and where at the i n c e p t i o n of the i n i t i a l l e a s e the e f f e c t of t h e t r a n s a c t i o n (and, with r e s p e c t to governmental e n t i t i e s only, reasonably anticipated future transactions) w i l l y i e l d a r e t u r n t h a t w i l l compensate t h e l e s s o r for not l e s s than the l e s s o r ' s f u l l i n v e s t m e n t in the prope r t y p l u s t h e e s t i m a t e d t o t a l c o s t of f i n a n c i n g t h e p r o p e r t y o v e r the term of the l e a s e , from r e n t a l s , e s t i m a t e d t a x b e n e f i t s ( i n v e s t m e n t t a x c r e d i t , net economic g a i n from t a x d e f e r r a l from a c c e l e r a t e d d e p r e c i a t i o n , and other t a x b e n e f i t s with a s u b s t a n t i a l l y s i m i l a r e f f e c t ) , and t h e e s t i m a t e d r e s i d u a l v a l u e of the p r o p e r t y at t h e e x p i r a t i o n of t h e i n i t i a l term of t h e l e a s e which in no case s h a l l exceed 20 p e r c e n t of the a c q u i s i t i o n c o s t of t h e l e s s o r ) i n Bakers f i e l d , C a l i f o r n i a and i n C i n c i n n a t i , O h i o , through i t s s u b s i d i a r i e s , W e l l s Fargo L e a s i n g C o r p o r a t i o n , W e l l s Fargo Transport L e a s i n g C o r p o r a t i o n , Wells Fargo Equipment Leasing Corp o r a t i o n and W e l l s Fargo Equipment C r e d i t C o r p o r a t i o n ( 1 / 1 7 / 8 1 ) 3/ San F r a n c i sco Western B a n c o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n a c t i n g as an investment or f i n a n c i a l a d v i s e r to t h e e x t e n t s e t f o r t h i n t h e B o a r d ' s R e g u l a t i o n Y, e x c l u d i n g t h e a c t i v i t y o f 2 2 5 . 4 ( a ) ( 5 ) ( i i ) at 800 S e v e n t e e n t h S t r e e t , Denver, C o l o r a d o , through i t s s u b s i d i a r y , Western A s s e t Management Company ( 1 / 1 3 / 8 1 ) 3 / 37 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n 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 . H . 2 , 1981 No. 3 - 10 - APPLICATIONS RECEIVED To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 o f t h e F e d e r a l Reserve Act Richmond Union Trust Branch to Baltimore Baltimore, San F r a n c i sco United C a l i f o r n i a Bank, Los A n g e l e s , C a l i f o r n i a . Branch to be e s t a b l i s h e d in t h e v i c i n i t y of the i n t e r s e c t i o n of Aval on Boulevard and V i c t o r i a Avenue, Carson, Los A n g e l e s , C a l i f o r n i a County, C a l i f o r n i a . 2 / San F r a n c i sco V a l l e y Bank of Nevada, Las Vegas, Nevada. Branch to be e s t a b l i s h e d a t 3121 South Maryland Parkway, Las Vegas, Clark County, Nevada. 2/ San Francisco V a l l e y Bank and Trust Company, S a l t Lake C i t y , Utah. Branch to be e s t a b l i s h e d at 1082 E a s t 7200 South (Fort Family C e n t e r ) , M i d v a l e , S a l t Lake C i t y , Utah. 2 / Company o f Maryland, B a l t i m o r e , Maryland. be e s t a b l i s h e d a t 1301 York Road, L u t h e r v i l l e , County, and a t 207 East Redwood S t r e e t , Maryland. I f * * * * * To E s t a b l i s h a U . S . Branch of an Edge Act C o r p o r a t i o n Pursuant t o S e c t i o n 2 5 ( a ) of t h e F e d e r a l R e s e r v e Act San Francisco S e c u r i t y P a c i f i c I n t e r n a t i o n a l Bank, New York, New York: r e q u e s t s c o n s e n t to e s t a b l i s h de novo branches in S e a t t l e , Washington; C l e v e l a n d , Ohio; M i n n e a p o l i s , Minnesota; B o s t o n , M a s s a c h u s e t t s ; and S t . L o u i s , M i s s o u r i , * * * * * To O r g a n i z e , o r 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 Pursuant t o S e c t i o n 25 or 2 5 ( a ) of t h e F e d e r a l Reserve Act New York 2/ A l l i e d Bank I n t e r n a t i o n a l , New York, New York: r e q u e s t s consent to o r g a n i z e an agreement c o r p o r a t i o n to be named A l l i e d I n t e r n a t i o n a l Bancorp, I n c . A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as t o the l e n g t h of the comment p e r i o d . i H.2 , 1981 No. 3 11 APPLICATIONS RECEIVED-Continued To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) o f t h e Bank Holding Company Act of 1956 Chicago NORTHERN INDIANA BANCSHARES, INC., V a l p a r a i s o , I n d i a n a , for approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the s u c c e s s o r by merger t o Northern Indiana Bank and Trust Company, V a l p a r a i s o , I n d i a n a . 2/ Chicago VALDERS BAN CORPORATE ON, V a l d e r s , W i s c o n s i n , for approval t o a c q u i r e 80 percent of the v o t i n g s h a r e s of Valders S t a t e Bank, V a l d e r s , W i s c o n s i n . 2J St. Louis Banks to ck Two, I n c . , Dardanel l e , Arkansas, f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of Arkansas V a l l e y Bank, Dardanel l e , Arkansas. 2/ Minneapolis FIRST SECURITY BANCORPORATION, M i l e s C i t y , Montana, for approval t o a c q u i r e 9 9 . 6 4 p e r c e n t of the v o t i n g s h a r e s o f F i r s t S e c u r i t y Bank & Trust o f M i l e s C i t y , M i l e s C i t y , Montana. 2] Kansas C i t y A l p i n e Bancorp, I n c . , Glenwood S p r i n g s , Colorado, f o r app r o v a l to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of V a l l e y Bank and T r u s t , Glenwood S p r i n g s , Colorado and 100 percent of t h e v o t i n g s h a r e s of Roaring Fork Banc o r p o r a t i o n , I n c . , Carbondale, Colorado. 2/ Kansas C i t y Jayhawk 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 , for app r o v a l t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of Lawrence 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 and i n d i r e c t l y a c q u i r e 9 4 . 0 9 p e r c e n t of the v o t i n g s h a r e s of Lawrence Bank and Trust C o . , N . A . , Lawrence, Kansas. 2/ Kansas C i t y Welch B a n c s h a r e s , I n c . , Welch, Oklahoma, f o r approval t o a c q u i r e 80 percent of t h e v o t i n g s h a r e s of Welch S t a t e Bank, Welch, O k l a . , Welch, Oklahoma. 2] Kansas C i t y Whiting B a n k s h a r e s , I n c . , Whiting, Kansas, for approval t o a c q u i r e 80 percent of the v o t i n g s h a r e s of The S t a t e Bank o f Whiting, Whiting, Kansas. 2 / 27 A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . I H.2, 1981 No. 3 - 12 APPLICATIONS RECEIVED-Continued Dallas Bonham B a n c s h a r e s , I n c . , Bonham, T e x a s , f o r approval t o a c q u i r e 80 percent or more of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of The F i r s t N a t i o n a l Bank o f Bonham, Bonham, T e x a s . 2 / Dallas C o n s o l i d a t e d Bancorp, I n c . , Waco, T e x a s , f o r approval t o a c q u i r e 8 0 - 1 0 0 percent of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank o f Rosebud, Rosebud, T e x a s ; The F i r s t N a t i o n a l Bank, H i l l s b o r o , T e x a s , H i l l s b o r o , Texas; and F i r s t S t a t e Bank o f H e w i t t , H e w i t t , T e x a s . 2/ San Francisco Southwest Bancorp, V i s t a , C a l i f o r n i a , for approval t o a c q u i r e 80 p e r c e n t of the v o t i n g s h a r e s of the s u c c e s s o r by merger t o Southwest Bank, V i s t a , C a l i f o r n i a . 2J * * * * * To Expand a Bank Holding Company Pursuant t o S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956 S t . Louis M e r c a n t i l e B a n c o r p o r a t i o n I n c . , S t . L o u i s , M i s s o u r i , for approval t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank of Monett, Monett, M i s s o u r i . 2 / Minneapolis Northwest B a n c o r p o r a t i o n , M i n n e a p o l i s , Minnesota, f o r app r o v a l to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of S t a t e F i n a n c i a l S e r v i c e s , I n c . , Worthington, Minnesota, and i n d i r e c t l y S t a t e Bank o f Worthington, Worthington, M i n n e s o t a . 2/ Dal l a s Texas Commerce B a n c s h z : e s , I n c . , Houston, T e x a s , f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of Gulfway N a t i o n a l Bank o f Corpus C h r i s t i , Corpus C h r i s t i , Texas. 2/ Dal l a s Texas Commerce B a n c s h a r e s , I n c . , Houston, T e x a s , f o r app r o v a l to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of The M e r c a n t i l e N a t i o n a l Bank o f Corpus C h r i s t i , Corpus Christ i , Texas. 2/ 2/ A p p l i c a t i o n s u b j e c t t o Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . APPLICATIONS RECEIVED-Cont inued To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) o f t h e Bank Holding Company Act o f 1956 Boston I n d u s t r i a l N a t i o n a l 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 , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making, a c q u i r i n g and s e r v i c i n g loans 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 commercial loans secured by b o r r o w e r ' s i n v e n t o r y , a c c o u n t s r e c e i v a b l e or o t h e r a s s e t s e n g a g i n g i n f a c t o r i n g ; and e n g a g i n g i n p e r s o n a l p r o p e r t y l e a s i n g ) a t 85 Westminster S t r e e t , P r o v i d e n c e , Rhode I s l a n d , through i t s i n d i r e c t s u b s i d i a r y , Ambassador F a c t o r s C o r p o r a t i o n ( 1 / 1 6 / 8 1 ) 3/ Boston Old Stone 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 , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t h e o r i g i n a t i o n , s a l e and s e r v i c i n g of f i r s t and second mortgage l o a n s ; the s a l e of c r e d i t l i f e and c r e d i t h e a l t h and a c c i d e n t i n s u r a n c e o f f e r e d in c o n n e c t i o n w i t h e x t e n s i o n s of c r e d i t which insurance would be r e i n s u r e d by an a f f i l i a t e , Motor L i f e Insurance Company; and t h e s a l e of c a s u a l t y i n s u r a n c e on property mortgaged i n c o n n e c t i o n with e x t e n s i o n s of c r e d i t ) through i t s i n d i r e c t s u b s i d i a r y , DAC Corporation of Alabama ( 1 / 1 2 / 8 1 ) 3 / New York C i t i c o r p , New York, New York, n o t i f i c a t i o n of i n t e n t to expand t h e s e r v i c e area of an e x i s t i n g o f f i c e e n g a g i n g i n the f o l l o w i n g a c t i v i t i e s ( t h e purchasing f o r i t s own account and s e r v i c i n g s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h ; d e c r e a s i n g or l e v e l ( i n t h e case of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , a s r e q u i r e d and t h e making o f l o a n s to i n d i v i d u a l s and b u s i n e s s e s secured by r e a l and p e r s o n a l p r o p e r t y , t h e p r o c e e d s of vrfiich may be f o r purposes other than p e r s o n a l , f a m i l y or h o u s e h o l d u s a g e , t h e e x t e n s i o n of l o a n s to d e a l e r s for t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; and t h e s a l e of c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y s u b j e c t to a s e c u r i t y agreement w i t h N a t i o n w i d e F i n a n c i a l C o r p o r a t i o n , and t o t h e e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws and 3/ 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n 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 . H . 2 , 1981 No. 3 - 14 APPLICATIONS RECElVED-Cont inued r e g u l a t i o n s ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e may be u n d e r w r i t t e n by Family Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e of Nationwide F i n a n c i a l C o r p o r a t i o n ) a t 1425 West P i o n e e r , S u i t e 2 5 5 , I r v i n g , T e x a s , through i t s s u b s i d i a r y , Nationwide F i n a n c i a l Corp o r a t i o n to i n c l u d e McCurtain County i n t h e S t a t e of Oklahoma ( 1 / 1 2 / 8 1 ) 3/ New York Manufacturers Hanover C o r p o r a t i o n , New York, New York, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( i n a r r a n g i n g , making or a c q u i r i n g for t h e i r own account or f o r the account of o t h e r s , loans and o t h e r e x t e n s i o n s of c r e d i t secured by second mortgages on r e s i d e n t i a l r e a l property such as would be made by a consumer f i n a n c e company; s e r v i c i n g such loans and other e x t e n s i o n s of c r e d i t f o r any person; a c t i n g as an agent or broker f o r the s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e which i s d i r e c t l y r e l a t e d t o such l o a n s and e x t e n s i o n s of c r e d i t , and through i t s s u b s i d i a r i e s , R i t t e r L i f e Insurance Company and Tempco L i f e Insurance Company, r e i n s u r i n g such c r e d i t i n s u r a n c e ) t h e s e a c t i v i t i e s would be c o n d u c t e d at t h e f o l l o w i n g e x i s t i n g o f f i c e s of I n v e s t o r s Consumer Discount Company of P e n n s y l v a n i a : P.O. Box 1231, Brodhead & M i l l Road, A l i q u i p p a ; P.O. Box 807, 1113 Seventh Avenue, Beaver F a l l s ; P.O. Box 4 1 7 , 6 S. Hanover S t r e e t , C a r l i s l e ; P.O. Box 6 1 , 38 N. Main S t r e e t , Chambersburg; P.O. Box 4 3 , Country P l a z a - Route 2 2 , Delmont; 511 Lawrence Avenue, Ellwood C i t y ; 38 York S t r e e t , P.O. Box 315, G e t t y s b u r g ; York Mini-Mai 1, P.O. Box 363, 398 York S t r e e t , Hanover; P.O. Box 3 3 , 651 Main S t r e e t , Mount P l e a s a n t ; 134 N. Mercer S t r e e t , New C a s t l e ; P.O. Box 121, 51 E. King S t r e e t , Shippensburg; P.O. Box 29, 237 E. Main S t r e e t , Waynesboro; and P.O. Box 5 6 6 , 100 S. Beaver S t r e e t , York, P e n n s y l v a n i a , a l l l o c a t e d i n P e n n s y l v a n i a ( 1 / 1 2 / 8 1 ) 3J New York Manufacturers Hanover C o r p o r a t i o n , New York, New York, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( i n a r r a n g i n g , making or a c q u i r i n g for t h e i r own account or f o r the account of o t h e r s , loans and o t h e r e x t e n s i o n s of c r e d i t secured by second mortgages on r e s i d e n t i a l r e a l property such as would be made by a consumer f i n a n c e company; s e r v i c i n g such loans and other e x t e n s i o n s of c r e d i t f o r any person; a c t i n g a s agent or broker f o r the s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e uhich i s 3 / 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n 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 . H.2, 1981 No. 3 - 15 APPLICATIONS RECEIVED-Cont inued d i r e c t l y r e l a t e d t o such l o a n s and e x t e n s i o n s of c r e d i t , and through i t s s u b s i d i a r i e s , R i t t e r L i f e I n s u a n c e Company and Tempco L i f e Insurance Company, r e i n s u r i n g such c r e d i t i n s u r a n c e ) t h e s e a c t i v i t i e s would be c o n d u c t e d at t h e f o l l o w i n g e x i s t i n g o f f i c e s of R i t t e r Consumer Discount Company, I n c . of P e n n s y l v a n i a a t : 410 E. Plank Road, A l t o o n a ; 22 E. L a n c a s t e r Avenue, Ardmore; 104 N. A l l e g h e n y S t r e e t , B e l l e f o n t e ; 118 N. Market S t r e e t , Berwick; 1304 E. Main S t r e e t , C l a r i o n ; 160 W. Crawford Avenue, Connel1sv i l l e ; 120 W. Ridge P i k e , Conshohocken; Neshaminy Mall S t o r e 207A, Cornwells H e i g h t s ; 812 N. E a s t o n Road, D o y l e s town; 110 N. Center S t r e e t , Ebensburg; 439 N. Enola Road, E n o l a ; Route 73, S t o r e 6D, G i l b e r t s v i l l e ; 40 S. Antrim Way, G r e e n c a s t l e ; 1509 S c a l p Avenue, Johnstown; 15 East Main S t r e e t , Kutztown; 612 E. Main S t r e e t , L a n s d a l e ; 1331 E. L i n c o l n Highway, L e v i t t o w n ; 4 5 - 4 7 Broadway, M i l t o n ; 21 N. Third S t r e e t , Oxford; 349 Main S t r e e t , Pennsburg; 6139 1 / 2 Ridge Avenue, P h i l a d e l p h i a ; 9251 R o o s e v e l t Boulevard, P h i l a d e l p h i a ; 1422 Chestnut S t r e e t , P h i l a d e l p h i a ; 1540-42 P r a t t S t r e e t , P h i l a d e l p h i a ; 2049 Oregon Avenue, P h i l a d e l p h i a ; 6315 R i s i n g Sun Avenue, P h i l a d e l p h i a ; 1421 W. Passyunk Avenue, P h i l a d e l p h i a ; 105 E. Main S t r e e t , Somerset; 228 B a l t i m o r e P i k e , S p r i n g f i e l d ; 113 S. Front S t r e e t , S t e e l t o n ; 3463 L i n c o l n Highway, Thorndale; 6758 Market S t r e e t , Upper Darby; 200 S. Best Avenue, Walnutport; 22 W. Chestnut S t r e e t , Washington; 117 W. Market S t r e e t , West C h e s t e r ; 451 Hepburn S t r e e t , W i l l i a m s p o r t ; 137 North Yord Road, Willow Grove; 1837 Queen S t r e e t , York; and 14 N. Beaver S t r e e t , York, a l l l o c a t e d i n P e n n s y l v a n i a ( 1 / 1 2 / 8 1 ) 3/ Cleveland 37 American B a n c o r p o r a t i o n , M a r i e t t a , O h i o , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( g e n e r a l l e a s i n g a c t i v i t i e s i n c l u d i n g a c q u i r i n g l e a s e s for i t s account and t h e account of o t h e r s ; and a c t i n g as s e r v i c e r f o r such l e a s e s ; t h i s a c t i v i t y would be l i m i t e d t o t h o s e types of l e a s e s as permitted under 12 CFR 2 2 5 . 4 ( a ) ( 6 ) ) at Room 6 2 5 , Dime Bank B u i l d i n g , 200 Putnam, M a r i e t t a , O h i o , through i t s s u b s i d i a r y , American B a n c l e a s i n g , I n c . ( 1 2 / 2 3 / 8 0 ) 3V 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n 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 . H . 2 , 1981 No. 3 - 16 APPLICATIONS RECEIVED-Continued Cleveland Mellon N a t i o n a l C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (mortgage banking a c t i v i t i e s i n c l u d i n g a c t i n g as i n s u r ance agent with r e s p e c t to t h e s a l e of c r e d i t l i f e i n s u r ance a n d / o r mortgage redemption i n s u r a n c e ) a t 1204 N. Vela s c o , Angle t o n , T e x a s , through a s u b s i d i a r y , Car ruth Mortgage C o r p o r a t i o n ( 1 2 / 2 9 / 8 0 ) 3 / Chicago The Marine C o r p o r a t i o n , Milwaukee, W i s c o n s i n , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making, s e l l i n g and s e r v i c i n g c o n v e n t i o n a l r e s i d e n t i a l mortgage l o a n s ) through i t s s u b s i d i a r y , Marine Mortgage Company, I n c . ; t h e g e o g r a p h i c scope i s t h e S t a t e o f Wisconsin and the n o r t h e r n one q u a r t e r of the S t a t e of I l l i n o i s ( 1 / 5 / 8 1 ) 3/ S t . Louis Union P l a n t e r s C o r p o r a t i o n , Memphis, T e n n e s s e e , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making d i r e c t l o a n s , both unsecured and secured by r e a l a n d / o r p e r s o n a l p r o p e r t y , for consumer and o t h e r p u r p o s e s , d i s c o u n t i n g n o t e s , s e c u r i t y agreements and o t h e r i n d i c i a of s e c u r i t y , and making d i r e c t l o a n s to d e a l e r s for t h e f i n a n c i n g of i n v e n t o r y ; i n a d d i t i o n , a c t i n g as i n s u r a n c e agent at o f f i c e s a t vtfiich i t i s o t h e r w i s e engaged i n b u s i n e s s w i t h r e s p e c t to c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e , and v e h i c l e and household goods p r o p e r t y damage i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t ) a t 67 Madison Avenue, Memphis, T e n n e s s e e , through an e x i s t i n g ( i n a c t i v e ) ttfiolly owned s u b s i d i a r y , Madison Loan & T h r i f t Company ( 1 / 1 6 / 8 1 ) 3 / S t . Louis Western Kentucky B a n c s h a r e s , I n c . , Livermore, Kentucky, n o t i f i c a t i o n of i n t e n t to engage 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 agent or broker w i t h r e s p e c t to the s a l e of a c c i d e n t and h e a l t h , and p r o p e r t y and c a s u a l t y i n s u r a n c e which i s d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t by i t s s u b s i d i a r y bank) t h i s a c t i v i t y w i l l be conducted o n l y a t the o f f i c e s of the s u b s i d i a r y bank, Farmers & Merchants Bank, Livermore, Kentucky ( 1 / 1 5 / 8 1 ) 3J San Francisco S e a f i r s t C o r p o r a t i o n , S e a t t l e , Washington, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making or a c q u i r ing loans 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 comm e r c i a l l o a n s secured by a b o r r o w e r ' s i n v e n t o r y , a c c o u n t s 3*7 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n 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 . 1 H . 2 , 1981 No. 3 - 17 APPLICATIONS RECEIVED-Cont inued r e c e i v a b l e , c a p i t a l equipment or o t h e r a s s e t s ; s e r v i c i n g l o a n s ; l e a s i n g p e r s o n a l p r o p e r t y ; and a c t i n g as agent for the s a l e of c r e d i t l i f e and a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d to i t s e x t e n s i o n s of c r e d i t ) t h e s e a c t i v i t i e s would be conducted from o f f i c e s i n Oklahoma C i t y , Oklahoma, s e r v i n g t h e S t a t e of Oklahoma; Houston, Texas, s e r v i n g t h e S t a t e of Texas; and i n S e a t t l e , Washington, s e r v i n g t h e S t a t e of Washington, through i t s s u b s i d i a r y , S e a f i r s t Commercial C o r p o r a t i o n ( 1 / 1 2 / 8 1 ) 3/ San F r a n c i sco Southwest Bancorp, V i s t a , C a l i f o r n i a , f o r approval t o a c q u i r e Southwest T h r i f t and Loan A s s o c i a t i o n , San Diego, C a l i f o r n i a . San Franci sco Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making or a c q u i r i n g loans or 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 commercial l o a n s secured by a b o r r o w e r ' s i n v e n t o r y , accounts r e c e i v a b l e , or other a s s e t s ; s e r v i c i n g l o a n s i n a c c o r d a n c e w i t h B o a r d ' s R e g u l a t i o n Y) t h e s e a c t i v i t i e s would be conducted from an o f f i c e in Hunt V a l l e y , Maryland s e r v i c i n g Maryland, V i r g i n i a , West V i r g i n i a , O h i o , P e n n s y l v a n i a and New J e r s e y , through i t s s u b s i d i a r y , W e l l s Fargo B u s i n e s s C r e d i t ( 1 / 1 4 / 8 1 ) 3/ * * * * * REPORTS RECEIVED None. * * * * * PETITIONS FOR RULEMAKING None. j/ ~~ 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n 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 . i
@FedFRASER