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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( H . 2 , 1981 No. 4 ) 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 24, 1981 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD I n t e r p r e t a t i o n under R e g u l a t i o n K, I n t e r n a t i o n a l Banking O r g a i n z a t i o n s , d e a l i n g w i t h i n v e s t m e n t s by a United S t a t e s banking o r g a n i z a t i o n in a f o r e i g n company ( i n c l u d i n g a f o r e i g n bank) t h a t does b u s i n e s s in the United States. (Docket No. R-0349) Theodore E. A l l i s o n , promoted t o S t a f f D i r e c t o r f o r Federal R e s e r v e Bank A c t i v i t i e s . Clyde H. Farnsworth, J r . , promoted t o D i r e c t o r of the D i v i s i o n o f F e d e r a l Reserve Bank O p e r a t i o n s . James L. S t u l l , promoted t o Manager of the Board's Operat i o n s Review Program in t h e D i v i s i o n o f Federal Reserve Bank O p e r a t i o n s . I s s u a n c e of s u b o r d i n a t e d n o t e s by M&I M a r s h a l l & I s l e y Bank, Milwaukee, W i s c o n s i n . JL/ Atlanta T e r m i n a t i o n of i t s r e g i s t r a t i o n under R e g u l a t i o n G, S e c u r i t i e s C r e d i t by Persons Other Than Banks, B r o k e r s , or D e a l e r s , by The N a t i o n a l L i f e and Accident Insurance Company, N a s h v i l l e , T e n n e s s e e . JL/ New York C a r t e r e t Bancorp, I n c . , C a r t e r e t , New J e r s e y , e x t e n s i o n of time t o May 4 , 1981, w i t h i n t*iich to consummate the a c q u i s i t i o n of C a r t e r e t Bank and Trust Company, C a r t e r e t , New J e r s e y . J7 Cleveland P i k e v i l l e N a t i o n a l C o r p o r a t i o n , P i k e v i l l e , Kentucky, e x t e n s i o n of t i m e u n t i l June 3 0 , 1981, w i t h i n vhich to a c q u i r e P i k e v i l l e N a t i o n a l Bank & Trust Company, P i k e v i l l e , Kentucky. 1/ 1/ 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 aut hori t y . the Board of Governors under d e l e g a t e d l H . 2 , 1981 No. 4 ACTIONS OF THE BOARD-Continued Atlanta F i r s t C i t y Bancorp, I n c . , M a r i e t t a , G e o r g i a , e x t e n s i o n of t i m e u n t i l A p r i l 8 , 1981, w i t h i n vdiich to become a bank h o l d i n g company by a c q u i r i n g F i r s t N a t i o n a l Bank of Cobb County, M a r i e t t a , G e o r g i a . J L / Atlanta F i r s t Gwinnett B a n c s h a r e s , I n c . , e x t e n s i o n of t i m e u n t i l May 6 , become a bank h o l d i n g company s h a r e s of F i r s t N a t i o n a l Bank L a w r e n c e v i l l e , G e o r g i a . \J Atlanta S o u t h e a s t Banking C o r p o r a t i o n , Miami, F l o r i d a , e x t e n s i o n of time u n t i l A p r i l 30, 1981, w i t h i n which to e s t a b l i s h a t r u s t s e r v i c e o f f i c e of The S o u t h e a s t Banks Trust Company, N . A . , on the premises of The S o u t h e a s t Bank of Pasco. \ j Chicago F i r s t Lake County C o r p o r a t i o n , L i b e r t y v i l l e , I l l i n o i s , e x t e n s i o n of time t o A p r i l 18, 1981, w i t h i n tdiich to become a bank h o l d i n g company through the a c q u i s i t i o n of 100 percent of t h e v o t i n g s h a r e s of F i r s t N a t i o n a l Bank of Libertyvil le, Libertyvil le, I l l i n o i s . JL/ Ch i c a g o FNB Bancorp. , I n c . , Chicago H e i g h t s , I l l i n o i s , e x t e n s i o n of time to May 1 1 , 1981, w i t h i n which to become a bank h o l d ing company through the a c q u i s i t i o n of 100 percent of t h e v o t i n g s h a r e s of F i r s t N a t i o n a l Bank i n Chicago H e i g h t s , Chicago H e i g h t s , I l l i n o i s . JL/ Chicago N a t i o n a l Bancorp, I n c . , Melrose Park, I l l i n o i s , e x t e n s i o n of time t o February 26, 1981, w i t h i n vrtiich to become a bank h o l d i n g company through a c q u i s i t i o n of 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 Melrose Park N a t i o n a l Bank, Melrose Park, I l l i n o i s . \ j Chicago B.O.Y. BANCORP, INC., Y o r k v i l l e , I l l i n o i s , e x t e n s i o n of t i m e t o A p r i l 20, 1981, w i t h i n which to become a bank h o l d i n g company through t h e a c q u i s i t i o n of 80 percent or more of the v o t i n g s h a r e s of The Bank of Y o r k v i l l e , Y o r k v i l l e , Illinois. JL/ Dallas Orange B a n c s h a r e s , I n c . , Orange, T e x a s , e x t e n s i o n of time to A p r i l 2 , 1981, w i t h i n which to consummate the a c q u i s i t i o n of Orange Bank, Orange, T e x a s . 1/ JJ Lawrenceville, Georgia, 1981, w i t h i n tdiich t o through a c q u i s i t i o n of of Gwinnett County, 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, - 3 1981 No. 4 ACTIONS OF THE BOARD-Continued Dallas Texas Commerce B a n c s h a r e s , I n c . , Houston, Texas, e x t e n s i o n of time t o August 9 , 1981, w i t h i n vhich to o b t a i n t h e d i s s o l u t i o n of the i n t e r l o c k i n g d i r e c t o r s h i p between i t s e l f and Kaneb S e r v i c e s , I n c . , Houston, T e x a s , a s a v i n g s and loan h o l d i n g company. If Dal l a s San B e n i t o B a n c s h a r e s , I n c . , San B e n i t o , T e x a s , e x t e n s i o n of time to March 1 8 , 1981, w i t h i n which to consummate the a c q u i s i t i o n of The San B e n i t o Bank & Trust Company, San B e n i t o , T e x a s . 1/ Dal l a s F i r s t Duncanville Corporation, Duncanville, Texas, extens i o n of time to consummate the a c q u i s i t i o n of F i r s t N a t i o n a l Bank of D u n c a n v i l l e , D u n c a n v i l l e , T e x a s . 1/ Kansas C i t y F i r s t Bank & T r u s t , Concordia, Kansas, proposed merger with F i d e l i t y S t a t e Bank, Concordia, Kansas, r e p o r t t o t h e Comptroller of the Currency on c o m p e t i t i v e f a c t o r s . 1/ Kansas C i t y F i r s t S e c u r i t y B a n c s h a r e s , I n c . , Oklahoma C i t y , Oklahoma, e x t e n s i o n of time t o March 17, 1981, w i t h i n t h i c h t o consummate the a c q u i s i t i o n of F i r s t S e c u r i t y Bank and Trust Company, Oklahoma C i t y , Oklahoma. J./ Richmond F r a n c i s Scot t Key Bank and Trust Company, F r e d e r i c k , Maryland, proposed merger with The F i r s t N a t i o n a l Bank of Maryland, B a l t i m o r e , Maryland, r e p o r t to the Comptroller of t h e Currency on c o m p e t i t i v e f a c t o r s . 1/ Atlanta C i t i z e n s and Southern Bank of Mil led g e v i l le , Mil led gevi 1 le , G e o r g i a , proposed merger with C&S I n t e r i m , I n c . , Mil led g e v i l l e , Georgia; report to the Federal D e p o s i t Insurance Corporation on c o m p e t i t i v e f a c t o r s . J7 Atlanta Columbua Bank & Trust Company, Columbus, G e o r g i a , proposed merger with New CB&T Second Mortgage Company, Georgia; r e p o r t to the Federal D e p o s i t Insurance on c o m p e t i t i v e f a c t o r s . 1/ Atlanta F i r s t N a t i o n a l Bank of V a l d o s t a , V a l d o s t a , G e o r g i a , proposed merger with F i r s t N a t i o n a l Interim Bank of V a l d o s t a , r e p o r t to the C o m p t r o l l e r of the Currency on c o m p e t i t i v e f a c t o r s . 1/ \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 authority. the Board of Governors under d e l e g a t e d H.2, 1981 No. 4 - 4 ACTIONS OF THE BOARD-Continued Atlanta F i r s t S t a t e Bank and Trust Company, Albany, G e o r g i a , p r o posed merger w i t h F i r s t S t a t e I n t e r i m C o r p o r a t i o n , Albany, G e o r g i a , r e p o r t to the Federal D e p o s i t Insurance Corporat i o n on c o m p e t i t i v e f a c t o r s . 1/ Chicago Oelwein S t a t e Bank, O e l w e i n , Iowa, a p p l i c a t i o n approval t o merge with A r l i n g t o n S t a t e Bank, Iowa, under the c h a r t e r and t i t l e of Oelwein O e l w e i n , lowa; r e p o r t to t h e F e d e r a l D e p o s i t C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . JJ San Franci sc o I n t e r i m Bank of Newport, Newport, Oregon, proposed merger w i t h The Bank of Newport, Newport, Oregon, under the c h a r t e r and t i t l e of t h e l a t t e r ; r e p o r t to 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 C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . \J San Franci s c o I n t e r i m Bank of Oregon, Woodburn, Oregon, proposed merger w i t h Bank of Oregon, Woodburn, Oregon, under the c h a r t e r and t i t l e of t h e l a t t e r , r e p o r t to 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 C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . _1/ Kansas C i t y Mountain F i n a n c i a l S e r v i c e s , I n c . , Denver, C o l o r a d o , e x t e n s i o n of time to A p r i l 11, 1981, w i t h i n which to consummate t h e a c q u i s i t i o n of L o u i s v i l l e S t a t e Bank, L o u i s v i l l e , C o l o r a d o . 1/ Kansas C i t y Mountain Banks, L t d . , Denver, C o l o r a d o , e x t e n s i o n of t i m e t o A p r i l 2 1 , 1981, w i t h i n which to consummate the a c q u i s i t i o n of L o u i s v i l l e Mountain Bank, N.A. , L o u i s v i l l e , C o l o r a d o , a proposed new bank. 1/ 1/ 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 authority. for prior Arlington, S t a t e Bank, Insurance the Board of Governors under d e l e g a t e d H . 2 , 1981 No. 4 - 5 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 the F e d e r a l Reserve Act New York Approved The Schenectady Trust Company, S c h e n e c t a d y , New York. Branch to be e s t a b l i s h e d at Unit A, Royce Shopping C e n t e r , 1400 A It amont Avenue, Rotterdam, Schenectady County, New York. \J & _2/ San Francisco Columbia P a c i f i c Bank & Trust C o . , P o r t l a n d , Oregon. Branch to be e s t a b l i s h e d at N.E. 2 1 s t and Columbia Boulevard, P o r t l a n d , Oregon. \J & 2 / San Francisco 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 Avalon Boulevard and V i c t o r i a Avenue, Carson, Los A n g e l e s County, C a l i f o r n i a . 1/ & 2 / * * * * * I s s u e d I n t e n t Not t o Disapprove Change of C o n t r o l Pursuant t o Change i n Bank Control Act of 1978 Kansas C i t y Not Disapproved Moorcroft S t a t e Bank, M o o r c r o f t , Wyoming. V Kansas C i t y Western Bank o f Cody, Cody, Wyoming. 1/ * * * * * 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 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 R e s e r v e Act New York 1/ 2/ Approved The Bank of New York, New York, New York: g r a n t s c o n s e n t t o e s t a b l i s h an Edge Act C o r p o r a t i o n to be known as Bank of New York I n t e r n a t i o n a l , I n c o r p o r a t e d , Miami, Florida. 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 the a p p l i c a b l e Reserve 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 . 1 H . 2 , 1981 No. 4 - 6 ACTIONS OF THE BOARD-Continued 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 f o r 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 t o S e c t i o n s 25 and 2 5 ( a ) of the F e d e r a l Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company Act o f 1956, as amended Atlanta Philadelphia Approved I r v i n g Trust Company I n t e r n a t i o n a l / M i a m i , Miami, F l o r i d a : g r a n t s c o n s e n t to amend A r t i c l e s F i r s t , Fourth, S e v e n t h , N i n t h , E l e v e n t h of I r v i n g Trust Company I n t e r n a t i o n a l / Miami, and t o e s t a b l i s h and o p e r a t e branches in Chicago, I l l i n o i s ; A t l a n t a , G e o r g i a ; D a l l a s , Texas; and Los A n g e l e s , C a l i f o r n i a and George Town, Grand Cayman I s l a n d s . P h i l a d e l p h i a I n t e r n a t i o n a l Investment C o r p o r a t i o n , P h i l a d e l p h i a , P e n n s y l v a n i a : g r a n t s c o n s e n t to c o n t i n u e to hold s h a r e s o f Banque Worms S.A. trtiich would c o n t i n u e t o be p e r m i s s i b l e a f t e r Banque e s t a b l i s h e s a branch o f f i c e in New York, New York. * * * * * To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) of t h e Bank H o l d i n g Company Act of 1956 Cleveland Atlanta Atlanta 2/ Withdrawn P e o p l e s Bancorp of L i n c o l n County, I n c . , H u s t o n v i l l e , Kentucky, f o r approval t o a c q u i r e 8 0 . 5 9 p e r c e n t 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 H u s t o n v i l l e , H u s t o n v i l l e , Kentucky. 2J F i r s t J e f f e r s o n C o r p o r a t i o n , B i l o x i , M i s s i s s i p p i , 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 The J e f f e r s o n Bank, B i l o x i , M i s s i s s i p p i . 2 / Approved F i r s t Southern B a n c s h a r e s , I n c . , Mount J u l i e t , T e n n e s s e e , f o r 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 o f Bank o f Mt. J u l i e t , Mount J u l i e t , T e n n e s s e e . 2 / 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. 4 - 7 ACTIONS OF THE BOARD-Cont inued Atlanta Marion B a n c s h a r e s , I n c . , J a s p e r , T e n n e s s e e , f o r approval to acquire 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 Marion Trust and Banking; Company, J a s p e r , T e n n e s s e e . 1/ & 2/ Chicago Tri-County B a n c o r p . , R o a c h d a l e , I n d i a n a , f o r approval t o 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 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 to T r i County Bank & Trust Company, Roachdale, I n d i a n a . J.J & 2 / Minneapolis Sahara Bancorp, I n c . , New B r i g h t o n , Minnesota, f o r approval to a c q u i r e 82 percent of t h e v o t i n g s h a r e s o f F i r s t S t a t e Bank o f New B r i g h t o n , New B r i g h t o n , Minnesota. JJ & 2J Kansas C i t y Choctaw Bancorp, I n c . , Choctaw, Oklahoma, 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 of Choctaw S t a t e Bank, Choctaw, Oklahoma. 1/ & 2t/ Kansas C i t y Mulvane Bankshares, I n c . , Mulvane, Kansas, f o r approval to a c q u i r e 81 percent of t h e v o t i n g s h a r e s of The Mulvane S t a t e Bank, Mulvane, Kansas. 1/ & 2/ Kansas C i t y Sweet S p r i n g s B a n c s h a r e s , I n c . , Sweet S p r i n g s , M i s s o u r i , f o r 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 Chemical Bank, Sweet S p r i n g s , M i s s o u r i . 1/ & 2/ Kansas C i t y Sidney N a t i o n a l C o r p o r a t i o n , S i d n e y , Nebraska, 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 Sidney N a t i o n a l Bank, S i d n e y , Nebraska. JJ & _2/ San Francisc o BSD Bancorp, I n c . , San D i e g 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 the s u c c e s s o r by merger to The Bank of San D i e g o , San D i e g o , C a l i f o r n i a . 1/ & 2/ \J 2J 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 Reserve 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. 4 — 8 — ACTIONS OF THE BOARD-Continued To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956 New York Approved C i t i c o r p , New York, New York, for approval to 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 ( e x c e p t 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 C i t i b a n k (South D a k o t a ) , N.A. , Sioux F a l l s , South Dakota, a proposed new bank. 2 / Cleveland F i f t h Third Bancorp, C i n c i n n a t i , Ohio, 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 Farmers Bank, West Union, Ohio. _1/ & 2J Atlanta F l o r i d a Coast Banks, I n c . , Pompano Beach, F l o r i d a , f o r approval to a c q u i r e 51 percent of t h e v o t i n g s h a r e s of F i r s t Bank and Trust Company of Palm Beach County, Boynton Beach, F l o r i d a . 7 j Kansas C i t y United Banks of C o l o r a d o , I n c . , Denver, 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 Bank of Durango, Durango, Colorado. JL/ h i ] Kansas C i t y United Banks o f C o l o r a d o , I n c . , Denver, C o l o r a d o , 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 I g n a c i o , I g n a c i o , Color ado._!/ & 2 / Dallas Commerce Southwest I n c . , D a l l a s , T e x a s , f o r approval t o 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 C e n t r a l N a t i o n a l Bank of McKinney, McKinney, T e x a s . JL/ & 2/ Dal l a s Commerce Southwest I n c . , D a l l a s , T e x a s , 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 White Rock Bank of D a l l a s , D a l l a s , T e x a s . JL/ & 2 / San F r a n c i sco The Sumitomo Bank, L i m i t e d , Osaka, Japan, f o r approval t o a c q u i r e 1 3 . 7 3 4 a d d i t i o n a l s h a r e s of t h e v o t i n g s h a r e s of Central P a c i f i c Bank, H o n o l u l u , H a w a i i . 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 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 . i H.2, 1981 No. 4 - 9 ACTIONS OF THE BOARD-Cont inued 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 New York S t . Louis Kansas C i t y New York 3/ Withdrawn Horizon Bancorp, M o r r i s t o w n , 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 in de novo a c t i v i t i e s ( l e a s i n g p e r s o n a l p r o p e r t y or a c t i n g a s broker or a d v i s e r in l e a s i n g such p r o p e r t y provided such l e a s e s meet the c r i t e r i a of S e c t i o n 2 2 5 . 4 ( a ) ( 6 ) of R e g u l a t i o n Y) a t 334 Madison Avenue, Morristown, New J e r s e y , through i t s s u b s i d i a r y , H o r i z o n Creditcorp (1/13/81) 3/ Returned Tradewater B a n c s h a r e s , I n c . , P r o v i d e n c e , Kentucky, 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 ( a c t t i n g as agent or b r o k e r with r e s p e c t t o t h e s a l e of any type of i n s u r a n c e in communities h a v i n e a p o p u l a t i o n not e x c e e d i n g 5 , 0 0 0 i n c l u d i n g , but not l i m i t e d t o , t h e s a l e of f i r e , c a s u a l t y , v e h i c l e , a c c i d e n t , h e a l t h , d i s a b i l i t y , r e n t , b u r g l a r y , and l i f e i n s u r a n c e regard l e s s of whether 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 or n o t ) on Main S t r e e t , P r o v i d e n c e , Kentucky, through a s u b s i d i a r y , Union N a t i o n a l Insurance Agency, I n c . ( 1 / 2 3 / 8 1 ) _3/ Reactivated Bankshares of Nebraska, I n c . , Grand I s l a n d , Nebraska, 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 engage i n i n d u s t r i a l loan and i n v e s t m e n t company a c t i v i t i e s ) a t 124 West 4 6 t h S t r e e t , Kearney, Nebraska, through a subs i d i a r y , F i r s t S a v i n g s Company of Kearney, I n c . ( 1 / 2 2 / 8 1 ) 3/ Permitted 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 t o 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 for the account of o t h e r s , 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 ; and l e a s i n g p e r sonal 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 , broker or a d v i s e r in l e a s i n g such property and s e r v i c i n g such l e a s e s s u b j e c t to a l l of t h e q u a l i f i c a t i o n s s p e c i f i e d in 12 C.F.R. 2 2 5 . 4 ( a ) ( 6 ) ( a ) and ( b ) where the l e a s e s s e r v e as t h e 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 to the l e s s e e of the p r o p e r t y ) a t 575 L e x i n g t o n Avenue, New York, New York, and a t 485 L e x i n g t o n Avenue, New York, New York, through i t s s u b s i d i a r y , C i t i c o r p I n d u s t r i a l C r e d i t , Inc. ( 1 / 1 9 / 8 1 ) 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 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. 4 - 10 ACTIONS OF THE BOARD-Continued New York Manufacturers Hanover C o r p o r a t i o n , New York, New York, not 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 (commercial l e a s i n g and f i n a n c i n g a c t i v i t i e s , l e a s i n g r e a l and p e r s o n a l p r o p e r t y on a f u l l payout b a s i s , a c t ing as a g e n t , broker or a d v i s e r in l e a s i n g such p r o p e r t y , making or a c q u i r i n g , for i t s own account or for the a c count 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 with r e s p e c t to r e a l or p e r s o n a l property and s e r v i c i n g such l e a s e 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 ) at P i l l s b u r y C e n t e r , 200 South S i x t h S t r e e t , M i n n e a p o l i s , Minnesota, through i t s s u b s i d i a r y , Manufacturers Hanover Leasing Corporation ( 1 / 1 8 / 8 1 ) 3/ Richmond NCNB C o r p o r a t i o n , C h a r l o t t e , North 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 to engage i n de novo a c t i v i t i e s ( s e l l i n g , a t r e t a i l , money o r d e r s having a f a c e v a l u e of not more than $ 1 , 0 0 0 ) a t 505 Broad S t r e e t , E l i z a b e t h t o n ; 1368 North Washington Avenue, B r o w n s v i l l e ; 412 South Cumberland S t r e e t , Lebanon; River Oak Shopping C e n t e r , F a y e t t e v i l l e ; 502 West Main S t r e e t , Waverly, T e n n e s s e e ; 4235 Main S t r e e t , L o r i s ; Newberry Shopping C e n t e r , Newberry; 1101 East L i b e r t y S t r e e t , Marion; 140 W. S t o n e Avenue, Greenv i l l e , South C a r o l i n a ; 445 South A t k i n s o n S t r e e t , Laurinburg; and 211 Tunnel Road, A s h e v i l l e , North C a r o l i n a ; 212 E. B a t t l e S t r e e t , T a l l a d e g a ; and 1109-D Rucker B o u l e v a r d , E n t e r p r i s e , Alabama, through i t s s u b s i d i a r y , T r a n s South F i n a n c i a l C o r p o r a t i o n ( 1 / 1 2 / 8 1 / ) 3 / Richmond V i r g i n i a N a t i o n a l Bankshares, I n c . , N o r f o l k , V i r g i 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, a c q u i r i n g , and s e r v i c i n g , f o r i t s own account or for t h e account of o t h e r s , l o a n s s e c u r e d p r i n c i p a l l y by second mortgages on r e a l p r o p e r t y ; and a c t i n g as agent in t h e s a l e of c r e d i t l i f e i n s u r a n c 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 in c o n n e c t i o n w i t h such l o a n s ) at 6600 L o i s d a l e C o u r t , S p r i n g f i e l d , V i r g i n i a , through i t s subs i d i a r y , VNB Equity C o r p o r a t i o n ( 1 / 1 9 / 8 1 ) _3/ At l a n t a F l o r i d a Commercial Banks, I n c . , Miami, F l o r i d 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 ( p r o v i d e data p r o c e s s i n g s e r v i c e s to Commercial Bank of Vero Beach, Vero Beach, F l o r i d a ) ( 1 / 2 3 / 8 1 ) 3/ Ch i c a g o Continental I l l i n o i s Corporation, Chicago, I l l i n o i 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 in t h e S t a t e of I l l i n o i s (making or a c q u i r i n g , for i t s own 3 / 4 ( c ) ( 8 ) or 4 ( c ) (12) 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. 4 - 1 1 ACTIONS OF THE BOARD-Continued account or f o r the account of o t h e r s , secured and unsecured l o a n s and other e x t e n s i o n s of c r e d i t and s e r v i c i n g such 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 ) through C o n t i n e n t a l I l l i n o i s Commercial C o r p o r a t i o n ( 1 / 2 1 / 8 1 ) 3 / Kansas C i t y Bankshares of Nebraska, I n c . , Grand I s l a n d , Nebraska, 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 in i n d u s t r i a l loan and investment company a c t i v i t i e s ) a t 124 West 46th S t r e e t , Kearney, Nebraska, through a s u b s i d i a r y , F i r s t S a v i n g s Company of Kearney, I n c . (1/23/81) 3/ San Francisco BankAraerica 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 , 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 loans and o t h e r e x t e n s i o n s of c r e d i t and a c q u i r i n g l o a n s , p a r t i c i p a t i o n s in l o a n s , and other e x t e n s i o n s of c r e d i t such as would be made or acquired by a f i n a n c e company; such a c t i v i t i e s would i n c l u d e , but not be l i m i t e d t o , i n v e n t o r y and a c c o u n t s r e c e i v a b l e f i n a n c i n g ; l e a s i n g f i n a n c i n g ; equipment f i n a n c i n g ; i n s u r a n c e premium f i n a n c i n g ; making loans to n o n - a f f i l i a t e d f i n a n c e and l e a s i n g companies secured by p l e d g e s of a c c o u n t s r e c e i v a b l e of such companies; making o t h e r loans secured by r e a l or p e r s o n a l property and p u r c h a s i n g r e t a i l i n s t a l l m e n t s a l e s c o n t r a c t s ; in a d d i t i o n , BA Commercial Corporation a l s o proposes to engage in the a d d i t i o n a l a c t i v i t i e s of s e r v i c i n g l o a n s , p a r t i c i p a t i o n s 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 for i t s e l f and o t h e r s in 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 made or acquired by BA Commercial C o r p o r a t i o n ) in A t l a n t a , G e o r g i a , through i t s i n d i r e c t s u b s i d i a r y , BA Commercial C o r p o r a t i o n ( a P e n n s y l v a n i a C o r p o r a t i o n ( 1 / 2 4 / 8 1 ) 3J * * * * * Agreements F i l e d Pursuant to S e c t i o n 8 of the S e c u r i t i e s Exchange Act of 1934 M i t s u b i s h i Trust and Banking Corporation has f i l e d an agreement with t h e Board u n d e r t a k i n g to comply with a l l p r o v i s i o n s which r e l a t e to the use of c r e d i t to f i n a n c e t r a n s a c t i o n s in s e c u r i t i e s . 37 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 7 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. 4 - 12 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 of t h e F e d e r a l Reserve Act New York United J e r s e y Bank, Hackensack, New J e r s e y . 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 w i t h i n the c o r p o r a t e h e a d q u a r t e r s of T . J . L i p t o n , I n c . , 800 Sylvan Avenue, E n g l e wood C l i f f s , New J e r s e y . 2 / New York United J e r s e y Bank, Hackensack, New J e r s e y . To e s t a b l i s h s i x o f f s i t e e l e c t r o n i c f a c i l i t i e s at t h e f o l l o w i n g l o c a tions: 90 Nassau S t r e e t , P r i n c e t o n , New J e r s e y ; Route 571, West Windsor, New J e r s e y ; 370 East Nassau S t r e e t , P r i n c e t o n , New J e r s e y ; Route 10, Sucassunna, New J e r s e y ; Route 26 and D e e r f i e l d P l a c e , F l a n d e r s , New J e r s e y ; C l i n t o n and Pequannock S t r e e t s , Dover, New J e r s e y . 2/ Cleveland The Toledo T r u s t Company, T o l e d o , Ohio. Branch to be e s t a b l i s h e d a t S y l v a n i a Avenue and McCord Road, S y l v a n i a , Lucas County, O h i o . 2 / Cleveland The Toledo Trust Company, T o l e d o , Ohio. Branch to be e s t a b l i s h e d a t 115 East A i r p o r t Highway, Swanton, Fulton County, Ohio. 2/ Philadelphia Girard Bank, Bala Cynwyd, P e n n s y l v a n i a . To e s t a b l i s h o f f s i t e e l e c t r o n i c f a c i l i t i e s a t : The American Red Cross of S o u t h e a s t e r n P e n n s y l v a n i a , 23rd and Ranstead S t r e e t s , P h i l a d e l p h i a , P e n n s y l v a n i a ; and M e t h o d i s t H o s p i t a l , 2301 South Broad S t r e e t , P h i l a d e l p h i a , P e n n s y l v a n i a . 2/ Richmond Union T r u s t Company of Maryland, B a l t i m o r e , Maryland. Branches to be e s t a b l i s h e d at 624 F r e d e r i c k Road, Catonsv i l l e , B a l t i m o r e County, Maryland; and at the i n t e r s e c t i o n of Bay Ridge and Georgetown Roads, Anne Arundel County, Maryland. 2_/ Atlanta Bank o f New O r l e a n s and Trust Company, New O r l e a n s , L o u i s i a n a . Branch to be e s t a b l i s h e d at 365 Canal S t r e e t , New O r l e a n s , L o u i s i a n a . 2/ Atlanta Rapides Bank & Trust Company i n A l e x a n d r i a , A l e x a n d r i a , L o u i s i a n a . To e s t a b l i s h an ATM machine to be l o c a t e d a t 3229 Monroe S t r e e t , A l e x a n d r i a , L o u i s i a n a . 2J 2/ 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 Reserve 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. 4 - 1 3 APPLICATIONS RECEIVED-Cont inued Atlanta Sunset Commercial Bank, Miami, F l o r i d a . Branch to be e s t a b l i s h e d a t 12000 B i s c a y n e B o u l e v a r d , Dade County, Florida. 2/ Chicago The D e t r o i t Bank and Trust Company, D e t r o i t , Michigan. Branch to be e s t a b l i s h e d on the south s i d e of E i g h t Mile Road a p p r o x i m a t e l y 300 f e e t w e s t of Haggerty Road, N o r t h v i l l e Township, Michigan. 2] 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 North Main S t r e e t and San Juan Grade Road, S a l i n a s , Monterey County, California. 7j 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 . To e s t a b l i s h a manned motor banking f a c i l i t y at the n o r t h e a s t c o r n e r of West Covina Parkway and C a l i f o r n i a Avenue, West C o v i n a , Los A n g e l e s , C a l i f o r n i a . 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 Richmond F i r s t V i r g i n i a Bank o f A u g u s t a , S t a u n t o n , V i r g i n i a . * * * * * To E s t a b l i s h an O v e r s e a s Branch of a Member Bank Pursuant t o S e c t i o n 25 of t h e F e d e r a l Reserve Act San Francisco 2/ W e l l s Fargo Bank, N.A. , San F r a n c i s c o , C a l i f o r n i a : prior n o t i f i c a t i o n of i t s i n t e n t to e s t a b l i s h i t s i n i t i a l branch i n M i l a n , I t a l 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 Reserve 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. 4 - 1 4 APPLICATIONS RECEIVED-Cont inued To O r g a n i z e , or I n v e s t i n , a Corporation 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 and 2 5 ( a ) of the F e d e r a l Reserve Act New York Banco Union C . A . , Caracas, Venezuela and Union C h e l s e a 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 t o ( 1 ) j o i n t l y e s t a b l i s h an Edge Act c o r p o r a t i o n in Miami, F l o r i d a , t o be named Union C h e l s e a I n t e r n a t i o n a l C o r p o r a t i o n , Miami, F l o r i d a and ( 2 ) e s t a b l i s h an i n i t i a l branch in Grand Cayman, Cayman I s l a n d s . * * * * * 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 o f 1956 Richmond Riggs N a t i o n a l C o r p o r a t i o n , Washington, D . C . , 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 The Riggs N a t i o n a l Bank of Washington, D.C. , Washington, D.C. 2/ At lant a H e r i t a g e F i n a n c i a l C o r p o r a t i o n , Loudon, T e n n e s s e e , for approval t o a c q u i r e 81 p e r c e n t of the v o t i n g s h a r e s of F i r s t H e r i t a g e N a t i o n a l Bank, Loudon, T e n n e s s e e . 2] Chicago Lansing Bancs h a r e s , I n c . , L a n s i n g , I l l i n o i s , 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 Bank of L a n s i n g , L a n s i n g , I l l i n o i s . 2 j S t . Louis ABT B a n c s h a r e s C o r p o r a t i o n , Hot S p r i n g s , Arkansas, 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 Arkansas Bank and Trust Company, Hot S p r i n g s , Arkansas. 2 / Dal l a s D a r r o u z e t t B a n c s h a r e s , I n c . , D a r r o u z e t t , T e x a s , 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 D a r r o u z e t t , D a r r o u z e t t , T e x a s . 2/ 2/ 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 the 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. 4 - 1 5 APPLICATIONS RECEIVED-Continued To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) o f t h e Bank Holding Company Act of 1956 Boston C h i t t e n d e n C o r p o r a t i o n , B u r l i n g t o n , Vermont, 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 Mountain Trust Company, Stowe, Vermont. 2J 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 , M i c h i g a n , 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 of t h e s u c c e s s o r by merger to N a t i o n a l Ann Arbor C o r p o r a t i o n and t o i n d i r e c t l y a c q u i r e 100 percent of the voting shares ( l e s s directors' q u a l i f y i n g shares) of N a t i o n a l Bank and Trust Company o f Ann Arbor, Ann Arbor, Michigan and Monroe County Bank, Dundee, M i c h i g a n . 2/ Minneapoli s S t . Croix Banco, I n c . , New Richmond, W i s c o n s i n , f o r approval to a c q u i r e a t l e a s t 77 percent of t h e v o t i n g s h a r e s of Bank o f S o m e r s e t , S o m e r s e t , W i s c o n s i n . 2/ Kansas C i t y A f f i l i a t e d Bankshares of C o l o r a d o , I n c . , B o u l d e r , Colorado and i t s w h o l l y owned s u b s i d i a r y , I n t e r m o u n t a i n Bankshares of C o l o r a d o , I n c . , B o u l d e r , C o l o r a d o , for IBC t o merge w i t h Center Insurance Agency, I n c . , C e n t e r , Colorado and t h e r e b y a c q u i r e a t l e a s t 90 percent of t h e v o t i n g s h a r e s of F i r s t N a t i o n a l Bank o f C e n t e r , C e n t e r , Colorado. 2/ Kansas C i t y A f f i l i a t e d Bankshares of C o l o r a d o , I n c . , Boulder, Colorado and i t s w h o l l y owned s u b s i d i a r y , Intermountain Bankshares of C o l o r a d o , I n c . , Boulder, Colorado, f o r IBC t o merge with D e l t a Bancorporat i o n , I n c . , D e l t a , Colorado and t h e r e by a c q u i r e 9 8 . 6 p e r c e n t of the v o t i n g s h a r e s of The Colordo Bank and Trust Company, D e l t a , C o l o r a d o , D e l t a , Colorado. 2 / Kansas C i t y A f f i l i a t e d Bankshares of C o l o r a d o , I n c . , B o u l d e r , Colorado and i t s w h o l l y owned s u b s i d i a r y , Intermountain Bankshares of C o l o r a d o , I n c . , Boulder, Colorado, f o r IBC t o merge w i t h M o f f a t C o r p o r a t i o n , C r a i g , Colorado and t h e r e b y a c q u i r e 89 p e r c e n t of the v o t i n g s h a r e s The M o f f a t County S t a t e Bank, C r a i g , C o l o r a d o . 2 / ~T] 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 Reserve 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. 4 — 16 APPLICATIONS RECEIVED-Continued Kansas C i t y A f f i l i a t e d Bankshares of C o l o r a d o , I n c . , Boulder, Colorado and i t s w h o l l y owned s u b s i d i a r y , Intermountain Bankshares of C o l o r a d o , I n c . , B o u l d e r , C o l o r a d o , f o r IBC t o merge w i t h Monument Agency, I n c . , F r u i t a , Colorado and t h e r e b y a c q u i r e 9 1 . 1 p e r c e n t of the v o t i n g s h a r e s of F r u i t a S t a t e Bank, F r u i t a , C o l o r a d o , F r u i t a , C o l o r a d o . 2 / Kansas C i t y A f f i l i a t e d Bankshares of C o l o r a d o , I n c . , B o u l d e r , Colorado and i t s w h o l l y owned s u b s i d i a r y , I n t e r m o u n t a i n Bankshares of C o l o r a d o , I n c . , B o u l d e r , Colorado, f o r approval to d i r e c t l y 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 Montrose S t a t e Bank, Montrose, C o l o r a d o . 2/ Kansas C i t y A f f i l i a t e d Bankshares of C o l o r a d o , I n c . , B o u l d e r , Colorado and i t s w h o l l y owned s u b s i d i a r y , I n t e r m o u n t a i n Bankshares of C o l o r a d o , I n c . , B o u l d e r , C o l o r a d o , for approval t o d i r e c t l y a c q u i r e 84 percent of the v o t i n g s h a r e s of C h a f f e e County Bank, S a l i d a , C o l o r a d o . 2 / Dal l a s F i r s t I n t e r n a t i o n a l Bancshares, I n c . , D a l l a s , Texas, for approval to a c q u i r e at l e a s t 100 percent of t h e v o t i n g s h a r e s of Lake A i r N a t i o n a l Bank o f Waco, Waco, T e x a s . 2/ Dal l a s Republic of Texas C o r p o r a t i o n , D a l l a s , T e x a s , f o r approval 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 Spring Branch Bank, Houston, Texas. 2/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank H o l d i n g Company Act of 1956 Boston 2j 37 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 in de novo a c t i v i t i e s ( t o engage i n commercial f i n a n c i n g , f a c t o r i n g and l e a s ing of p e r s o n a l p r o p e r t y a c t i v i t i e s ) 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 and ( t o engage in t h e l e a s i n g of p e r s o n a l p r o p e r t y ) a t 1450 Broadway, New York, New York, through i t s i n d i r e c t s u b s i d i a r y , Ambassador Factors Corporation ( 1 / 1 6 / 8 1 ) 3/ 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 Reinvesmtent 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 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 the 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. 4 - 17 APPLICATIONS RECEIVED-Cont inued Boston Worcester Bancorp, I n c . , W o r c e s t e r , M a s s a c h u s e t t s , 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 h e s a l e of c r e d i t l i f e i n s u r a n c 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 mortgage redemption i n s u r a n c e 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 ) at 919 Main S t r e e t , Chatham; Jones Road and Gif ford S t r e e t , Falmouth; North S t r e e t and B a s s e t t Lane, Hyannis; Main S t r e e t and Brewster Cross Road, O r l e a n s ; 170 Commercial S t r e e t , P r o v i n c e t o w n ; Route 6 , W e l l f l e e t ; Route 28, West Harwich; and 1227 Main S t r e e t , W o r c e s t e r , a l l l o c a t e d i n Massa c h u s e t t s , through i t s wholly-owned s u b s i d i a r y , Wornat I n s u r a n c e Agency, I n c . ( 1 / 2 0 / 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 engage i n de novo a c t i v i t i e s ( p u r c h a s i n g for 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 ; the s a l e o f 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 or d e c r e a s i n g or l e v e l ( i n the 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 , as r e q u i r e d ; making or a c q u i r 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 , secured or unsecured for consumer and other p u r p o s e s ; and 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 f o r the 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 ; 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 Insurance Company, an a f f i l i a t e of C i t e o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ) a t 200 Gateway P l a c e , San J o s e , C a l i f o r n i a , through i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o Person F i n a n c i a l C e n t e r , I n c . ( 1 / 1 9 / 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 engage i n de novo a c t i v i t i e s ( p u r c h a s i n g for 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 ; the 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 or d e c r e a s ing or l e v e l ( i n the 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 , as r e q u i r e d ; making or a c q u i r 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 , secured o r u n s e c u r e d , for consumer and o t h e r p u r p o s e s ; and 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 f o r the 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 ; 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 Insurance Company, an a f f i l i a t e d of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l Center o f F l o r i d a , I n c . ) a t 3751 Maguire B o u l e v a r d , Orlando, F l o r i d a , through i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l Center o f F l o r i d a ( 1 / 2 3 / 8 1 ) 3 / 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 . .2, 1981 No. 4 - 1 8 APPLICATIONS RECEIVED-Cont inued 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 ( l e a s i n g r e a l and p e r s o n a l p r o p e r t y on a f u l l payout b a s i s , a c t i n g as a g e n t , broker or a d v i s e r in l e a s i n g such p r o p e r t y , making or a c q u i r i n g f o r i t s own account or for t h e account 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 w i t h r e s p e c t to r e a l and/or p e r s o n a l p r o p e r t y , and s e r v i c i n g such l e a s e s , loans and other e x t e n s i o n s of c r e d i t ) at 100 North B i s c a y n e B o u l e v a r d , Miami, F l o r i d a , through i t s s u b s i d i a r y , Manufacturers Hanover L e a s i n g C o r p o r a t i o n ( 1 / 2 2 / 8 1 ) 1/ New York S o c i e t e G e n e r a l e , P a r i s , F r a n c e , for approval to engage de novo i n l e a s i n g and l e n d i n g a c t i v i t i e s worldwide through a de novo s u b s i d i a r y , S o g e l e a s e C o r p o r a t i o n , a t an o f f i c e to be l o c a t e d at 50 R o c k e f e l l e r P l a z a , New York, New York. San Francisco BankAmerica 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 , 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 in the a c t i v i t y of p r o v i d i n g management c o n s u l t i n g a d v i c e to commercial banks) at One Powell S t r e e t , San F r a n c i s c o , C a l i f o r n i a , through i t s s u b s i d i a r y , BA Cheque C o r p o r a t i o n ( 1 / 2 1 / 8 1 ) 3 / San Francisco S e c u r i t y P a c i f i c 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 in f i n a n c i n g and i n d u s t r i a l loan c o r p o r a t i o n a c t i v i t i e s i n c l u d i n g 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 ; s e l l i n g and i s s u i n g i n v e s t m e n t c e r t i f i c a t e s ; and a c t i n g as agent for 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 , c r e d i t r e l a t e d a c c i d e n t and h e a l t h and c r e d i t r e l a t e d property i n s u r a n c e , a l l as a u t h o r i z e d by C a l i f o r n i a law) in Encino, C a l i f o r n i a , through i t s i n d i r e c t s u b s i d i a r y , S e c u r i t y P a c i f i c Finance Money C e n t e r , I n c . ( 1 / 1 9 / 8 1 ) 3/ San Francisco S e c u r i t y P a c i f i c 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 ion of i n t e n t to r e l o c a t e de novo a c t i v i t i e s (maki n g or a c q u i r i n g , for i t s own account or for the account of o t h e r s , loans and 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 making consumer i n s t a l l m e n t personal l o a n s , purchasing c o n sumer i n s t a l l m e n t personal l o a n s , purchasing consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans t o small b u s i n e s s e s and 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 or a consumer f i n a n c e company; and a c t i n g as b r o k e r or agent f o r the s a l e of 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 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. 4 - 1 9 APPLICATIONS RECEIVED-Cont inued 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 insurance and 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 ) from 509 South Marion, 500 Block B u i l d i n g , Lake C i t y , F l o r i d a to 1115 N.W. 13th S t r e e t , G a i n s v i l l e , F l o r i d a , through i t s i n d i r e c t s u b s i d i a r i e s , S e c u r i t y P a c i f i c Finance Corp. and S e c u r i t y P a c i f i c Finance C r e d i t Corp. ( 1 / 2 0 / 8 1 ) 3 / San Fran c i s c o S e c u r i t y P a c i f i c 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 (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 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 making consumer i n s t a l l m e n t personal l o a n s , purchasing consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans to s m a l l b u s i n e s s e s and 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 or a c o n sumer f i n a n c e company; and a c t i n g as b r o k e r or agent f o r 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 , a c c i d e n t and h e a l t h i n s u r a n c e ) a t 371 Merrick, Road, R o c k v i l l e C e n t e r , New York; S u i t e 3-A2, 701 W e s t c h e s t e r Avenue, White P l a i n s , New York; 111 Great Neck Road , Great Neck, New York; and 2541 Monroe Avenue, R o c h e s t e r , New York, through i t s i n d i r e c t s u b s i d i a r i e s , S e c u r i t y P a c i f i c Finance Corp. and S e c u r i t y P a c i f i c F i n a n c e C r e d i t S e r v i c e s , I n c . ( 1 / 2 0 / 8 1 ) 3/ San F r a n c i 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 , f o r i t s own account or f o r the account 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 ; 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 for o t h e r p e r s o n s ; a c t i n g as an i n s u r a n c e agent or broker with r e s p e c t to the f o l l o w i n g t y p e s of i n s u r a n c e : ( 1 ) c r e d i t l i f e and 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 ( 2 ) mortgage redemption l i f e i n s u r a n c e and group mortgage d i s a b i l i t y i n s u r a n c e , and performing a p p r a i s a l s of r e a l e s t a t e ) in San J o s e , C a l i f o r n i a s e r v i n g C a l i f o r n i a , Nevada, A r i z o n a , Oregon, Washington, Idaho, Utah, Montana, Wyoming, C o l o r a d o , Hawaii and Ohio, through i t s s u b s i d i a r y , Wells Fargo Mortgage Company ( 1 / 2 0 / 8 1 ) 3 / San Francisco 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 , 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, 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 secured by r e a l e s t a t e mortgages for i t s own account or f o r the account of o t h e r s ; and in a c t i n g as agent or b r o k e r with r e s p e c t to c r e d i t l i f e and c r e d i t 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 . i * H.2, 1981 No. 4 - 20 APPLICATIONS RECEIVED-Continued 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 mortgage d i s a b i l i t y and mortgage redemption 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 e x t e n s i o n s of c r e d i t or the 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 Western B a n c o r p o r a t i o n or i t s s u b s i d i a r i e s ) i n Albuquerque, New Mexico, through i t s s u b s i d i a r y , Western Bancorp Mortgage Company ( 1 / 2 3 / 8 1 ) 3 / * * * * * REPORTS RECEIVED Proxy S t a t e m e n t ( S p e c i a l Meeting) F i l e d Pursuant to S e c t i o n 1 4 ( a ) o f t h e S e c u r i t i e s Exchange Act The Maplewood Bank and Trust Company, Maplewood, New J e r s e y . * * * * * PETITIONS FOR RULEMAKING None. 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 .
@FedFRASER