Full text of H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received : January 26, 1974

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ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Applications and Reports Received or Acted on
H.2
1974 No. 4

During the Week Ending January 26, 1974

District

8

Date
Current Report Filed Pursuant to Section 13
of the Securities Exchange Act
Received
Citizens Fidelity Bank and Trust Company,
Louisville, Kentucky

1-21-74

* * * * *

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Received
Oak Park Heights State Bank, Oak Park Heights, Minnesota
Approved
-The Bank of Vienna, Vienna, Virginia
* * * * *

2

To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
Central Trust Company, Rochester, New York, Branch
to be established at 6 West Market Street, City
of Corning, County of Steuben, State of New York.

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




H.2
1974 No. 4

- 2 Received Cont'd
First Virginia Bank, Falls Church, Virginia. Branch
to be established in the Herndon Shopping Center, at
the intersection of Washington and Monroe Streets,
Herndon, Fairfax County.
Bank of New Orleans and Trust Company, New Orleans, Louisiana.
Branches to be established at the following locations:
A.

To be established at Kabel Drive, New Orleans.

B.

To be established at Jefferson Avenue and Magazine
Street, New Orleans.

Northwestern Bank of Commerce, Duluth, Minnesota. To
establish a Remote Drive-up teller facility which
constitutes a branch for Federal Reserve purposes, Duluth.
Approved
^Trenton State Bank, Trenton, Michigan. Branch to be
established at 3701 West Road, Trenton.
^Northwestern Bank of Commerce, Duluth, Minnesota. To
establish a Remote Drive-up teller facility, Duluth.
ic * * * *

7

7

To establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Received
The First National Bank of Chicago, Chicago, Illinois:
branch in Port-au-Prince, Republic of Haiti.
The First National Bank of Chicago, Chicago, Illinois:
branch in Bridgeport, Barbados.
*

/V i< Vv -k

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







To Organize, or Invest in, a Corporation Doing
Foreign Banking and Other Foreign Financing Pursuant
to Section 25 or 25(a) of the Federal Reserve Act
Received
United California Bank, Los Angeles, California: to
organize a corporation in Chicago, Illinois to be
known as "United California Bank International-Chicago,
* * * * *

To Merge Pursuant to Section 18(c) of
the Federal Deposit Insurance Act
Received
Central Trust Company, Rochester, New York for prior
approval to merge with The First National Bank of
Marion, Marion, New York.

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Received
Southern Jersey Bancorp, Bridgeton, New Jersey, for
prior approval to acquire 100 per cent of the voting
shares (less directors' qualifying shares) of The
Farmers and Merchants National Bank of Bridgeton,
Bridgeton, New Jersey.
Aurora First National Company, Aurora, Nebraska, for
prior approval to acquire 4,000 shares of the voting
shares of The First National Bank in Aurora, Aurora,
Nebraska.
Security Bankshares, Inc., Waco, Texas, for prior
approval to acquire 100 per cent of the voting shares
of Security State Bank, Hedley, Texas.
Approved
First Peoples Banco, Haddon Township, New Jersey, for
prior approval to acquire 100 per cent of the voting
shares (less directorsf qualifying shares) of the
successor by merger to Peoples National Bank of
New Jersey, Westmont, New Jersey.
K.L. and D.M., Inc., Polk, Nebraska, for prior approval
to acquire 82.9 per cent of the voting shares of
Citizens State Bank, Polk, Nebraska.




Delayed
Concordia Banc-Management, Inc., Kansas City, Missouri,
for prior approval to acquire 82.95 per cent of the
voting shares of Concordia Bank of Concordia, Missouri,
Concordia, Missouri.
Withdrawn
First Keystone Corporation, Totowa, New Jersey, for
prior approval to acquire 100 per cent of the voting
shares of First National Bank of New Jersey, Totowa,
New Jersey.




To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Received
First Virginia Bankshares Corporation, Falls Church,
Virginia, for prior approval to acquire 100 per cent
of the voting shares of First Guaranty Bank, Hurt,
Virginia, a proposed new bank.
Landmark Banking Corporation of Florida, Fort
Lauderdale, Florida, for prior approval to acquire
80 per cent or more of the voting shares of First
National Bank of Seminole, Pinellas County (P. O.Seminole) , Florida.
Texas Commerce Bancshares, Inc., Houston, Texas, for
prior approval to acquire 100 per cent of the voting
shares (less directors 1 qualifying shares) of Plaza
Commerce Bank, N.A., Houston, Texas, a proposed new
bank.
Approved
Ellis Banking Corporation, Bradenton, Florida, for
prior approval to acquire 51 per cent or more (less
directors' qualifying shares) of the voting shares
of Parkway National Bank of Tallahassee, Tallahassee,
Florida.
Capital National Corporation, Houston, Texas, for prior
approval to acquire 100 per cent (less directors'
qualifying shares) of West Loop National Bank,
Houston, Texas, a proposed new bank.
Denied
Old Kent Financial Corporation, Grand Rapids, Michigan,
for prior approval to acquire 100 per cent (less
directors 1 qualifying shares) of the voting shares
of the successor by merger to National Lumberman's
Bank and Trust Company, Muskegon, Michigan.
Withdrawn
On H.2 No. 38 (1973), the Board reported receipt of an
application from First United Bancorporation, Inc.,
Fort Worth, Texas, for prior approval to acquire 90
per cent or more of the voting shares of Longview
National Bank, Longview, Texas. In a letter dated
January 16, 1974, Applicant requested that the
application be withdrawn.

H.2
1974 No. 4

-

6

-

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Received
**First National City Corporation, New York, New York,
notification of intent to engage in de novo
activities (making consumer installment personal
loans, purchasing consumer installment sales finance
contracts; and acting as broker for the sale of
consumer credit related life/accident and health
insurance and consumer credit related property and
casualty insurance; if this proposal is effected,
Nationwide Financial Corporation of Arizona will
offer to sell insurance as follows: (a) group credit
life/accident and health insurance to cover the
outstanding balances of loans to borrowers in the
event of their death, or, to make contractual monthly
payments on the loans in the event of the borrower's
disability; (b) individual casualty insurance on
property, generally automobiles and household goods,
subject to security agreements with Nationwide;
further, in regard to the sale of credit related
insurance, Nationwide Financial Corporation of
Arizona will not offer insurance counseling) in
Goodyear, Arizona, through its subsidiary, Nationwide
Financial Corporation of Arizona.
2

**First National City Corporation, New York, New York,
notification of intent to engage in de novo
activities (making consumer installment personal
loans, purchasing consumer installment sales finance
contracts; and acting as broker for the sale of
consumer credit related life/accident and health
insurance and consumer credit related property and
casualty insurance; if this proposal is effected,
Nationwide Financial Corporation of Arizona and
Louisiana will offer to sell insurance as follows:
(a) group credit life/accident and health insurance
to cover the outstanding balances of loans to borrowers in the event of their death, or, to make the
contractual monthly payment on the loans in the
event of the borrower's disability; (b) individual
casualty insurance on property, generally automobiles
and household goods, subject to security agreements
with Nationwide; further, in regard to the sale of
credit related insurance, Nationwide Financial
Corporation of Arizona and Louisiana will not offer
insurance counseling) in Tucson, Arizona, and Monroe,
Louisiana, through its subsidiaries, Nationwide
Financial Corporation of Arizona and Louisiana.

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



1-24-74

1-25-74

H. 2
1974 No.

3

"

7

"

Received Continued
**Fidelity Corporation of Pennsylvania, Rosemont,
Pennsylvania, notification of intent to engage in
a de_ novo activity (offering to persons whose
mortgages are originated or serviced by any direct
or indirect subsidiary of Fidelity Corporation of
Pennsylvania, life and disability insurance related
to such mortgages) at 1700 Market Street, Philadelphia,
Pennsylvania, through its subsidiary, Trefoil Mortgage
Company.

1- 4-74

3

**Fidelity Corporation of Pennsylvania, Rosemont,
Pennsylvania, notification of intent to engage in a
de novo activity (the offering and reinsurance of
joint coverage on credit life insurance to cover cosigners and co-makers) at 121 LaFayette Street, Shelby,
North Carolina; 1031 Bragg Boulevard, Fayetteville,
North Carolina; 1 North Union Street, Concord, North
Carolina; 125 West Front Street, Statesville, North
Carolina; and 2433 Trader Shopping Center, Havelock,
North Carolina, through its indirect subsidiaries,
Master Life Insurance Company, Inc.; Local Mortgage
Company of North Carolina; and various Local Finance
Companies in North Carolina.

1- 4-74

3

**Fidelity Corporation of Pennsylvania, Rosemont,
Pennsylvania, notification of intent to engage in a
de novo activity (the offering and reinsurance of
joint coverage on credit life insurance to cover
co-signers and co-makers) at Woody Village Shopping
Center, Roxboro, North Carolina; 150 North Steele
Street, Sanford, North Carolina; and 504 North Trade
Street, Winston-Salem, North Carolina, through its
indirect subsidiaries, Master Life Insurance Company,
Inc.; Local Mortgage Company of North Carolina; and
various Local Finance Companies in North Carolina,

1- 8-74

3

**Fidelity Corporation of Pennsylvania, Rosemont,
Pennsylvania, notification of intent to engage in a
de novo activity (the offering and reinsurance of
joint coverage on credit life insurance to cover
co-signers and co-makers) at 215 South Fayetteville
Street, Asheboro, North Carolina, through its indirect
subsidiaries, Master Life Insurance Company, Inc.,
and Local Finance Company of Asheboro.

1-11-74

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




H.2
1974 No. 4
Received Continued
**Fidelity Corporation of Pennsylvania, Rosemont,
Pennsylvania, notification of intent to engage in
a de novo activity (the offering and reinsurance of
joint coverage on credit life insurance to cover
co-signers and co-makers) at 5 North Main Street,
Lexington, North Carolina, 30 West Main Street,
Thomasville, North Carolina, through its indirect
subsidiaries, Master Life Insurance Company, Inc.;
Local Mortgage Company of North Carolina; and various
Local Finance Companies of North Carolina.

1-14-74

**Fidelity Corporation of Pennsylvania, Rosemont,
Pennsylvania, notification of intent to engage in a
de novo activity (the offering and reinsurance of
joint coverage on credit life insurance to cover
co-signers and co-makers) at 602 North Main Street,
High Point, North Carolina; 664 Washington Street,
Eden, North Carolina; 201 North Elm Street,
Greensboro, North Carolina, through its indirect
subsidiaries, Master Life Insurance Company, Inc.;
Local Mortgage Company of North Carolina; and
various Local Finance Companies of North Carolina.

1-18-74

**Fidelity Corporation of Pennsylvania, Rosemont,
Pennsylvania, notification of intent to engage in a
de novo activity (the offering and reinsurance of
joint coverage on credit life to cover co-signers and
co-makers) at 4509 East Independence Boulevard,
Charlotte, North Carolina, through its indirect
subsidiaries, Master Life Insurance Company, Inc.;
Local Mortgage Company of North Carolina; and various
Local Finance Companies in North Carolina.

1-21-74

Ceritran Bancshares Corporation, Cleveland, Ohio, for
prior approval to acquire the shares of Protective
Loan Corporation, Albany, New York.
**Centran Bancshares Corporation, Cleveland, Ohio,
notification of intent to engage in _de novo activities
(making of consumer finance loans (including loans to
individuals secured by first mortgages and second
mortgages on residential property), purchases of
installment sales contracts; and selling credit life

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




1-25-74

1974 No. 4

~

9

~

Received Continued
insurance and credit health and accident insurance
at the request of borrowers in connection with extensions of credit) at the Guaranty Bank Building,
817 17th Street, Denver, Colorado, through its
wholly-owned subsidiary, Colonial Finance Service,
Inc., Birmingham, Alabama.
5

**The Citizens and Southern Corporation, Charleston,
South Carolina, notification of intent to engage
in de novo activities (making and acquiring, for its
own account, loans and other extensions of credit
such as would be made by a mortgage or finance
company; and in connection with these activities, act
as agent in the sale of credit life insurance for the
convenience of its borrowing customers) at 210
Chestnut, Spartanburg, South Carolina, through its
subsidiary, CN Mortgages, Inc.

1-23-74

5

**First Virginia Bankshares Corporation, Falls Church,
Virginia, notification of intent to engage in
de novo activities (operating as a finance company,
including the extension of small personal loans;
financing retail instalment sales; granting real
estate loans, primarily second mortgage loans; and
acting as agent or broker in the sale of property
insurance, credit life insurance and credit accident
and health insurance only to its loan customers)
in Daytona Beach, Florida, through its subsidiary,
First General Financial Services, Inc.

1-21-74

5

**First Virginia Bankshares Corporation, Falls Church,
Virginia, notification of intent to relocate an
office of its present subsidiary, First General
Financial Services, Inc., from Bell-Air Shopping
Center, Pascagoula, Mississippi, to Woolco Shopping
Center, Highway 90, Pascagoula, Mississippi, and to
engage at the new location in the following activities
(operating as a finance company, including the extension of small personal loans; financing retail
instalment sales; granting real estate loans,
primarily second mortgage loans; and acting as agent or
broker in the sale of property insurance, credit life
insurance and credit accident and health insurance
only to its loan customers).

1- 24-74

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




H. 2
1974 No. 4

6

6

7

- 10 Received Continued
**CB&T Bancshares, Inc., Columbus, Georgia, notification
of intent to engage in a de_novo activity (making
or acquiring, for its own account or for the account
of others, loans and other extensions of credit such
as would be made by a second mortgage company)
through a subsidiary, CB&T Homeowners, Inc., Albany,
Georgia.
**Citibanc Group, Inc., Alexander City, Alabama, notification of intent to engage in a de_ novo activity
(providing bookkeeping or data processing services
for the internal operations of the holding company
and its subsidiaries, and storing and processing
other banking, financial, or related economic data,
such as performing payroll, accounts receivable or
payable, or billing service? ^or others) through
a subsidiary to be known as Citibanc Computers Systems,
Inc., Alexander City, Alabama;

1-21-74

1-21-74

FBT Bancorp, Inc., South Bend, Indiana, for prior
approval to acquire 100 per cent of the outstanding
shares of Cromwell Capital Corporation, Plymouth,
Indiana.

10

**First of Muskogee Corporation, Muskogee, Oklahoma,
notification of intent to engage in a de novo
activity (leasing of personal property and equipment,
and acting as agent, broker, and adviser in leasing
of such property) through a subsidiary to be known
as Three Rivers Finance Corporation, Muskogee,
Oklahoma.

1-23-74

10

**0maha National Corporation, Omaha, Nebraska, notification of intent to engage in de novo activities
(all aspects of the business of agricultural
finance, including the making and servicing of loans
to individuals, partnerships, corporations, and other
business entities) in Omaha, Nebraska, through a
subsidiary, Agco Corporation.

1-23-74

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




H. 2
1974 No. 4

12

12

- 1 1 -

Received Continued
**First Security Corporation, Salt Lake City, Utah,
notification of intent to engage in de novo
activities (making or acquiring, for its own account
or for the account of others, loans and other extensions of credit such as would be made by a mortgage
company; and servicing of such accounts for itself
and for others) at 789 Sherman Street, Denver,
Colorado, through its subsidiaries, Utah Mortgage
Loan Corporation.
**Maririe Bancorporation, Seattle, Washington, notification of intent to engage in de novo activities
(making or acquiring, for its own account or for the
account of others, loans and other extensions of
credit, including the making of consumer instalment
loans, purchasing consumer instalment sales finance
contracts, and making of loans to small businesses;
leasing personal property and equipment, or acting
as agent, broker, or adviser in leasing of such
property, where at the inception of the initial
lease the expectation is that the effect of the
transaction and reasonably anticipated future
transactions with the same lessee as to the same
property will be to compensate the lessor for
not less than the lessor's full investment in the
property; and acting as insurance agent or broker
with regard to credit life and disability insurance
relating only to extensions of credit by Commerce
Credit Company secured or unsecured with the limitation that the initial amount of such insurance
issued with respect to any debtors may at no time
exceed the amount owned by such debtors) at 1229
South First Street, Yakima, Washington, through
its subsidiary, Commerce Credit Company.

2

3

Approved
The Chase Manhattan Corporation, New York, New York,
for permission to engage de novo in the activity of
commercial financing through a subsidiary known as
Berkeley Credit Corporation, New York, New York.
First Pennsylvania Corporation, Philadelphia,
Pennsylvania, for prior approval to acquire through
purchase the notes receivable and fixed assets of
Cowart Finance Center, Inc., Opelousas, Louisiana.

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




1-17-74

1-21-74

H.2
1974 No. 4
Approved Continued
BancOhio Corporation, Columbus, Ohio, for prior
approval to acquire 80.6 per cent of the voting
shares of Midwest Econometrics, Inc., Columbus,
Ohio.

4

6

ComBanks Corporation, Winter Park, Florida, notification of intent to engage in the activity of mortgage
banking through a proposed new subsidiary, ComBanks
Mortgage Company, Winter Park, Florida.

7

American Fletcher Corporation, Indianapolis, Indiana,
for prior approval to indirectly acquire through its
wholly-owned subsidiary, Shoppers Charge Service, Inc.,
all of the assets of Charg-it of Florida, Inc., Coral
Gables, Florida.

3

Delayed
^Philadelphia National Corporation, Philadelphia,
Pennsylvania, notification of intent to engage in
de novo activities (making of installment loans>
the purchasing and selling of conditional sales
contracts, trust receipts, chattel mortgages, and
secured or unsecured choses in action; the selling of
all forms of insurance to the extent such sales do not
violate any provision of the California Industrial
Loan Law and generally engaging in the business of
an industrial loan company) at 1805 South Mooney
Boulevard, Visalia, California, through its subsidiary, Signal Thrift and Loan Association.
**The First National Company of Sikeston, Inc.,
Sikeston, Missouri, notification of intent to engage
in de novo activities (making or acquiring, for its
own account or for the account of others, loans and
other extensions of credit; servicing loans and
other extensions of credit; making equity and debt
investments in corporations and projects designed
to promote community welfare; and acting as an insurance agent or broker for insurance directly related

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




1-21-74

1-24-74

Delayed Continued
to the extensions of credit by the holding company
or its subsidiaries, such insurance to be limited
to the following: credit life insurance, credit
health and accident insurance, mortgage redemption
insurance, fire and extended coverage insurance)
at 214 North Scott Street, Sikeston, Missouri, and
210 South Kings Highway, Sikeston, Missouri, through
a newly formed subsidiary, Omega Mortgage Co.,
Sikeston, Missouri.

1

Permitted
**Industrial National Corporation, Providence, Rhode
Island, notification of intent to continue to engage
in de_ novo activities (consumer finance; insurance
underwriting of credit life insurance and credit
accident and health insurance, and insurance agency
or brokerage in connection with selling to consumer
finance borrowers credit life insurance, credit
accident and health insurance, and property damage
insurance for collateral securing loans made to
borrowers) at 2708 Washington Road, Augusta, Georgia,
through a subsidiary, Southern Discount Company.

1-24-74

1

**UST C o r p B o s t o n , Massachusetts, notification of
intent to continue to engage in a de novo activity
(leasing personal property) at 2000 Beacon Street,
Boston, Massachusetts, through a subsidiary, JSA
Financial Corporation.

3

**Fidelity Corporation of Pennsylvania, Rosemont,
1-20-74
Pennsylvania, notification of intent to engage in
de novo activities (making and acquiring, consumer
and mortgage loans; servicing these loans and possibly
others secured by mortgages or properties in New Jersey
where the loans are owned by direct or indirect
subsidiaries of Fidelity; selling credit life, credit
health and accident and mortgage insurance to its
borrowers and casualty insurance on collateral
securing such loans and through Master Life Insurance
Company, Inc., an indirect subsidiary of Fidelity,
reinsure consumer type credit life, health and
accident insurance sold) at 6305 Bergenline Avenue,
West New York, New Jersey; 401 Broad Avenue, Palisades
Park, New Jersey; 701 Kennedy Boulevard, North Bergen,
New Jersey; and 740 Anderson Avenue, Cliffside Park, New
Jersey, through its subsidiary, Local Mortgage Company
of New Jersey.

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




1-24-74

K.2

1974 No. 4

3

3

5

-14Permitted Continued
**Fidelity Corporation of Pennsylvania, Rosemont,
Pennsylvania, notification of intent to engage in
de novo activities (making and acquiring, consumer
and mortgage loans; servicing these loans and
possibly others secured by mortgages on properties
in New Jersey where the loans are owned by direct
or indirect subsidiaries of Fidelity; selling credit
life, credit health and accident, and mortgage
insurance to its borrowers and casualty insurance on
collateral securing such loans; and through MasterLife Insurance Company, Inc., an indirect subsidiary
of Fidelity, reinsure consumer type credit life,
health and accident insurance sold) at 3117 Atlantic
Avenue, Atlantic City, New Jersey; 113 Route 46,
Wayne, New Jersey; 50 Chestnut Street, Ridgewood,
New Jersey; and 1141-5 Hamilton Avenue, Trenton, New
Jersey, through Local Mortgage Company of New Jersey.
**Fidelity Corporation of Pennsylvania, Rosemont,
Pennsylvania, notification of intent to engage in
de novo activities (making and acquiring, consumer
and mortgage loans, particularly second mortgage loans;
servicing these loans and possibly other loans secured
by mortgages on properties in New Jersey where loans
are owned by direct or indirect subsidiaries of
Fidelity; selling credit life, credit health and
accident, and mortgage insurance to borrowers and
casualty insurance on collateral securing such loans;
and through Master Life Insurance Company, Inc., an
indirect subsidiary of Fidelity, reinsuring such
consumer type credit life, health and accident
insurance sold) at 7 North Main Street, Manahawkin,
Stafford Township, New Jersey; 6 East Park Avenue,
Merchantville, New Jersey; 5511 North Cresent
Boulevard, Pennsauken, New Jersey; 146 Main Street,
Manasquan, New Jersey; 1769 Route 88, Brick Township,
New Jersey; 709 Arnold Avenue, Point Pleasant Beach,
New Jersey; and 214 Main Street, Toms River, New
Jersey, through its subsidiary, Local Mortgage
Company of New Jersey.
. **Union Trust Bancorp, Baltimore, Maryland, notification
of intent to engage in a de novo activity (making
secondary mortgage loans secured in whole or in part
by mortgage, deed of trust, security agreement or
other lien on real estate situated in the State of
Maryland, which property is subject to the lien of

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



1-21-74

1-22-74

1-24-74

H. 2
1974 No. 4

- 15 Permitted Continued
one or more prior encumbrances other than a ground
rent or other leasehold interest; and acting as
agent in the sale of credit life insurance and
credit accident and health insurance in connection
with its extensions of credit) in Rockville, Maryland, through its subsidiary, Union Home Loan
Corporation.

6

12

**Popular Bancshares Corporation, Miami, Florida,
notification of intent to engage in a de novo
activity (leasing personal property and equipment
on a full-payout basis) through a subsidiary,
Popular Leasing Company, Miami, Florida.

1-21-74

**BankAmerica Corporation, San Francisco, California,
notification of intent to engage in de novo
activities (acting as an agent with respect to the
sale of group mortgage disability insurance which
is directly related to extensions of real estate
credit by Bank of America National Trust and
Savings Association, a wholly-owned subsidiary
(except for directors T qualifying shares) of BankAmerica Corporation) at Bank of America Center,
555 California Street, San Francisco, California,
through a subsidiary to be known as BA Insurance
Agency, Inc.

1-25-74

**Patagonia Corporation, Tucson, Arizona, notification
of intent to engage in a de novo activity (providing data processing services for the internal
operations of Patagonia and its subsidiaries and
storing and processing other banking, financial,
or related economic data, such as performing payroll, accounts receivable, or billing services)
at 1009 West Peoria, Phoenix, Arizona, through a
wholly-owned subsidiary, Patagonia Data Systems,
Inc.

1-21-74

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




H.2
1974 No.

5

4

16 Suspended
On H.2 No. 13 (1973), the Board reported receipt of
an application from The Wachovia Corporation,
Winston-Salem, North Carolina, for permission to
retain the shares of American Credit Corporation,
Charlotte, North Carolina. This application is now
in suspense awaiting receipt of Applicant's reply
to a Department of Justice letter to the Board dated
January 17, 1974.
Withdrawn
**Mcllon National Corporation, Pittsburgh, Pennsylvania,
notification of intent to retain its ownership and
control of the voting shares of National Realty
Enterprises, Inc., Pittsburgh, Pennsylvania, and
thereby proposes to continue to engage in die novo
activities (making equity and debt investments in
corporations or projects designed primarily to
promote community welfare, generally associated with
limited dividend housing programs) at 6400
Steubenville Pike, McKees Rocks, Pennsylvania.

4

**Mellon National Corporation, Pittsburgh, Pennsylvania,
notification of intent to retain its ownership and
control of the voting shares of Allomon Corporation,
Pittsburgh, Pennsylvania, and thereby proposes to
continue to engage in de novo activities (making or
acquiring, for its own account or for the account of
others, loans and other extensions of credit such as
would be made, for example, by a commercial finance
company; and making equity or debt investments in
other companies) at 6400 Steubenville Pike, McKees
Rocks, Pennsylvania.

11

On H.2 No. 38 (1973), the Board reported receipt of an
application from First United Bancorporation, Inc.,
Fort Worth, Texas, for prior approval to acquire
33 1/3 per cent of the voting shares of Bankers
Computer Services, Inc., Longview, Texas. In a
letter dated January 16, 1974, Applicant requested
that the application be withdrawn.

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




1-25-74

1-25-74

H.2
1974 No.

2

2

- 17 To Expand a Bank Holding Company Pursuant to Section
4(c)(12) of the Bank Holding Company Act of 1956
Permitted
**The Sperry and Hutchinson Company, New York, New York,
notification of intent to acquire through a subsidiary, additional stock in Bayly, Martin & Fay,
Inc., of Alaska, a privately-owned company in
Anchorage, Alaska.
**The Sperry and Hutchinson Company, New York, New York,
notification of intent to acquire through a subsidiary, additional stock in California Credit
Insurance Agency, Inc., a privately-owned company
in Los Angeles, California.

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




1-20-74

1—20—74