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ANNOUNCEMENT

Afr
Cf ^Actions
f

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM

1991' N o * 4

or th e Board, its Staff, and
^
F e d e r a l R e s e r v e B anks;
0ii A p p l i ^ t M o n s a n d R e p o r t s R e c e i v e d
fL
D u r t o ^ e W e ^ k E n d i n g J a n u a r y 26, 1991

n
ACTIONS TAKEN BY THE BOARD OF GOVERNORS

TESTIMONY AND STATEMENTS
Economic prospects and the appropriate course for
policy in the current environment — statement by
Chairman Greenspan before the House Committee on
the Budget, January 22, 1991.
Published, January 22, 1991.
BANK HOLDING COMPANIES




Chemical Banking Corporation, New York, New York —
petition for reconsideration of Board approval of
applications to acquire Texas Commerce Equity
Holdings, Inc., Wilmington, Delaware, and Equity
Holdings to acquire Texas CommerceTs 18 bank
subsidiaries in Texas.
Denied, January 25, 1991.
Creditanstalt - Bankverein, Vienna, Austria — to
engage in the private placement of all types of
securities as agent through Creditanstalt
International Advisers, Inc., New York, New York.
Approved, January 22, 1991.
Firstar Corporation, Milwaukee, Wisconsin, and
Firstar Corporation of Arizona — to engage de novo
in investment advisory services.
Permitted, January 25, 1991.
Hayward Bancshares, Inc., Hayward, Wisconsin — to
acquire Peoples Bancshares of Hayward, Inc., and
The Peoples National Bank of Hayward.
Approved, January 22, 1991.
MNC Financial, Inc., Baltimore, Maryland, and the
Maybaco Company, a Limited Partnership — to
acquire MBNA America, N.A., Newark, Delaware, a de
novo bank; and MBNA America Bank, N.A., and MBNA
Corp. to become bank holding companies by acquiring
the de novo bank.
Approved, January 22, 1991.
Whitcorp Financial Company, Leoti, Kansas — to
acquire First National Bank in Lamar, Lamar,
Colorado, and Securities Investment Company; to
engage in consumer lending and credit related
insurance; and to engage in general insurance
agency activities.
Approved, January 22, 1991.

H.2
JANUARY 22, 1991
PAGE 2

TO

JANUARY 25, 1991

ACTIONS TAKEN BY THE BOARD OF GOVERNORS

BOARD OPERATIONS
Office of Information Resources Management —
appointment of Steven R. Malphrus as Director,
effective February 3, 1991.
Approved, January 22, 1991.
FORMS
Bank Holding Company Application Form For Foreign
Companies (FR Yl-F) — extension.
Approved, January 23, 1991.
Bank Holding Company Application Forms (FR Y~1, FR Y2, and FR Y-4); and Bank Merger Application (FR
2070) — extension for FR Y-l through FR Y-4
through January 31, 1994, with FR 2070 to be
discontinued.
Approved, January 23, 1991.
Domestic Branch Application (FR 4001); Notice of
Proposed Stock Redemption (FR 4008); and Investment
in Banking Premises Application (FR 4014) —
extension.
Approved, January 23, 1991.
Monthly Survey of Industrial Electricity Use FR 2009a
and 2009b) — extension.
Approved, January 23, 1991.
Report of Condition for Edge and Agreement
Corporations (FR 2886b) — extension.
Approved, January 23, 1991.
REGULATIONS AND POLICIES




Money laundering — letter to the Treasury commenting
on proposed amendments to the Bank Secrecy Act
regulations to expand certain recordkeeping
requirements.
Approved, January 22, 1991.

H.2
JANUARY 22, 1991
PAGE 3

TO

JANUARY 25, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY
ABBREVIATIONS: BS&R - Banking Supervision and Regulation; C&CA - Consumer and
Community Affairs; FOMC - Federal Open Market Committee; FRBO - Federal Reserve
Bank Operations; IF - International Finance; OSDM - Office of Staff Director
for Management
BANK BRANCHES. DOMESTIC
Kansas City

United New Mexico Bank at Albuquerque, Albuquerque,
New Mexico — to establish a branch in Rio Rancho,
New Mexico.
Approved, January 22, 1991.

BANK HOLDING COMPANIES




Cleveland

Community Independent Bancorp, Inc., West Salem, Ohio
— to acquire The Farmers State Bank of West Salem.
Approved, January 22, 1991.

Chicago

Financial Center Corporation, Holland, Michigan —
engage de novo in management consulting advice
through Consolidated Bank Services, Inc.
Permitted, January 25, 1991.

Chicago

First Chicago Corporation, Chicago, Illinois — to
engage de novo in trust and investment advisory
activities through Brinson Trust Company.
Permitted, January 25, 1991.

Chicago

First Chicago Corporation, Chicago, Illinois — to
engage de novo in underwriting and dealing, to a
limited extent, in debt securities, acting as agent
in the private placement of securities, buying and
selling all types of securities, as a riskless
principal, and brokerage activities through First
Chicago Capital Markets, Inc.
Withdrawn, January 25, 1991.

to

H.2
JANUARY 22, 1991
PAGE 4

TO

JANUARY 25, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES




Dallas

First Gilmer (Delaware) Holdings? Ltd.? Wilmington?
Delaware — to acquire First National Bank?
Gilmer? Texas.
Approved? January 24? 1991.

Chicago

Great Lakes Financial Resources? Inc. Employee Stock
Ownership Plan? Homewood? Illinois? and Great Lakes
Financial Resources? Inc. — to acquire Allied
Mortgage Corporation.
Returned? January 23? 1991.

New York

Lehigh Financial Bancorp? Union? New Jersey -- to
acquire Lehigh National Bank.
Returned? January 25? 1991.

Chicago

Minowa Banshares? Inc., Decorah, Iowa * to acquire
—
Decorah State Bank? and The First National Bank of
Mabel? Mabel? Minnesota.
Approved? January 23? 1991.

Chicago

Northern States Financial Corporation? Waukegan?
Illinois — to acquire First Federal Bank? FSB.
Returned? January 22? 1991.

Cleveland

Park National Corporation? Newark? Ohio — to engage
de novo in community development activities.
Permitted? January 23? 1991.

Minneapolis

RCB Holding Co.? Roseville? Minnesota —
Roseville Community Bank? N.A.
Approved? January 22? 1991.

Minneapolis

Security State Bank Holding Company? Hannaford? North
Dakota — to acquire First State Bank of New
Rockford? New Rockford? North Dakota.
Approved? January 24? 1991.

Chicago

Southwestern Wisconsin Bancshares? Inc.? Highland?
Wisconsin — to acquire Highland State Bank.
Approved? January 25? 1991.

to acquire

H .2
JANUARY 22, 1991
PAGE 5

TO

JANUARY 25, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Minneapolis

Underwood Bancshares, Incorporated, Underwood,
Minnesota — to engage in lending activities and
other extensions of credit.
Returned, January 23, 1991.

Chicago

Valley Bancorporation, Appleton, Wisconsin — to
acquire Great American Savings Bank, FSB,
Milwaukee, Wisconsin, and Western Federal Savings
and Loan Association, Sparta, Wisconsin.
Approved, January 23, 1991.

BANK MERGERS
Staff Director
BS&R

Great American Savings Bank, FSB, Milwaukee,
Wisconsin -- to merge with Valley Bank Thiensville
Mequon, Thiensville, Wisconsin.
Approved, January 23, 1991.

Kansas City

United New Mexico Bank at Albuquerque, Albuquerque,
New Mexico — to acquire American Bank, N.A., Rio
Rancho, New Mexico.
Approved, January 22, 1991.

BANK PREMISES
Chicago

La Salle State Bank, La Salle, Illinois —
in bank premises.
Approved, January 24, 1991.

investment

San Francisco

Nevada Community Bank, Las Vegas, Nevada —
investment in bank premises.
Approved, January 24, 1991.

BANKS, STATE MEMBER




Minneapolis

Farmers State Bank, Madelia, Minnesota —
a dividend.
Approved, January 22, 1991.

payment of

H.2
JANUARY 22, 1991
PAGE 6

TO

JANUARY 25, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

CHANGE IN BANK CONTROL
San Francisco

EastWest Financial Group, Inc., Honolulu, Hawaii —
change in bank control.
Returned, January 22, 1991.

Dallas

First Republic Bancshares, Inc., Rayville,
Louisiana — change in bank control.
Permitted, January 22, 1991.

Chicago

Schroeder - Goodenow Management Co., Atlantic, Iowa - change in bank control.
Permitted, January 25, 1991.

Kansas City

Valley State Investments, Inc., Lamar, Colorado —
change in bank control.
Permitted, January 22, 1991.

COMPETITIVE FACTORS REPORTS




Kansas City

Commerce Bank of Kansas City, N.A., Kansas City,
Missouri, proposed merger with Commerce Bank of
Clay County, N.A. — report on competitive factors.
Submitted, January 22, 1991.

Kansas City

Commercial National Bank of Kansas City, Kansas City,
Kansas, proposed merger with First National Bank of
Overland Park, Overland Park, Kansas — report on
competit ive factors.
Submitted, January 22, 1991.

Philadelphia

Community National Bank of New Jersey, Westmont, New
Jersey, proposed merger with Interim Community
National Bank of New Jersey — report on
compet it ive factors.
Submitted, January 24, 1991.

Chicago

Summitville Bank & Trust Company, Summitville,
Indiana, proposed merger with Community Federal
Savings Bank, Lapel, Indiana — report on
compet it ive factors.
Submitted, January 23, 1991.

H.2
JANUARY 22, 1991
PAGE 7

TO

JANUARY 25, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

COMPETITIVE FACTORS REPORTS
Dallas

Texas Commerce Bank - Arlington, N.A., Arlington,
Texas, and Texas Commerce Bank - Fort Worth, N.A.,
Fort Worth, Texas, proposed merger with Texas
Commerce Bank - Dallas, N.A., Dallas, Texas —
report on competitive factors.
Submitted, January 23, 1991.

Atlanta

Union Bank, Pulaski, Tennessee, and Citizens Bank,
Savannah, Tennessee, proposed merger with First
National Bank of Lawrenceburg, Lawrenceburg,
Tennessee — report on competitive factors.
Submitted, January 24, 1991.

Dallas

United New Mexico Bank at Roswell, NA, Roswell, New
Mexico, proposed merger with First Interstate Bank
of Roswell — report on competitive factors.
Submitted, January 23, 1991.

EXTENSIONS OF TIME




Philadelphia

Diamond State Bancorp., Inc., Dover, Delaware —
extension to April 26, 1991, to acquire Diamond
State Bank, N.A.
Granted, January 25, 1991.

San Francisco

First Interstate Bancorp, Los Angeles, California —
extension to divest certain property.
Granted, January 25, 1991.

Chicago

First Marengo Financial Corporation, Marengo,
Illinois — extension to May 13, 1991, to acquire
First National Bank of Marengo.
Granted, January 24, 1991.

Cleveland

F.N.B. Corporation, Hermitage, Pennsylvania —
extension to May 15, 1991, to acquire Dollar
Savings Association, New Castle, Pennsylvania.
Granted, January 22, 1991.

San Francisco

Hanmi Bank, Los Angeles, California — extension to
August 17, 1991, to establish a branch at 116
Western Avenue.
Granted, January 24, 1991.

H.2
JANUARY 22, 1991
PAGE 8

TO

JANUARY 25, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

EXTENSIONS OF TIME
Minneapolis

Norwest Corporation, Minneapolis, Minnesota —
extension to March 22, 1991, to acquire Norwest
Federal Savings Bank, the successor to Yankton
Savings and Loan Association, Yankton, South
Dakota.
Granted, January 22, 1991.

Atlanta

Summerville / Trion Bancshares, Inc., Summerville,
Georgia — extension to April 22, 1991, to engage
de novo in insurance activities.
Granted, January 23, 1991.

Atlanta

SunTrust Banks, Inc., Atlanta, Georgia — extension
to April 27, 1991, to acquire BHC Holdings, Inc.,
Philadelphia, Pennsylvania.
Granted, January 23, 1991.

INTERNATIONAL OPERATIONS
Staff Director
BS&R

Republic National Bank of New York, New York, New
York, and Saban, S.A., Panama City, Republic of
Panama — to make an investment in Republic
National Bank of New York S.A., Luxembourg City,
Luxembourg.
Approved, January 24, 1991.

REGULATIONS AND POLICIES
Director, C&CA

Regulation Z — preemption of certain provisions of
law of New Mexico dealing with disclosures for
closed - end credit transactions (Docket R-0708).
Approved, January 22, 1991.

SECURITIES REGULATION




Staff Director
BS&R

Over-the-counter stocks — revised list of OTC stocks
subject to margin requirements, and a list of
foreign margin stocks, effective February 11, 1991.
Published, January 25, 1991.

ADDITIONS AND CORRECTIONS

H.2
JANUARY 22, 1991
PAGE 9

TO

JANUARY 25, 1991

ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKS
UNDER DELEGATED AUTHORITY

BANK HOLDING COMPANIES
Atlanta

Barnett Banks, Inc., Jacksonville, Florida —
exemption from tie-in prohibitions.
Withdrawn, December 17, 1990.

Chicago

Farmers Savings Bank, Trustee of Farmers Savings Bank
Employee Stock Ownership Plan & Trust, West Union,
Iowa — to acquire BJS, Inc., Westmont Corporation
and The Farmers Savings Bank.
Returned, January 2, 1991.

Boston

Fleet / Norstar Financial Group, Inc., Providence,
Rhode Island — to engage de novo in the provision
of management consulting activities through Fleet /
Norstar Services Corporation, Albany, New York.
Permitted, January 18, 1991.

Chicago

Mid Town Bancorp, Inc., Chicago, Illinois — to
engage de novo in management consulting services
through Falcon Financial Advisors, Inc.
Returned, January 18, 1991.

EXTENSIONS OF TIME




Chicago

Honor Bancorp, Inc., Honor, Michigan — extension to
April 30, 1991, to acquire The Honor State Bank.
Granted, January 18, 1991.

Chicago

North Milwaukee Bancshares, Inc, Milwaukee, Wisconsin
— extension to May 8, 1991, to acquire North
Milwaukee State Bank.
Granted, January 18, 1991.

F E DERAL RESERVE BANK OF BOSTON APPLICATIONS
SECTION I - APPLICATIONS SUBJECT TO
NEWSPAPER NOTICE ONLY
Application

Comment Period Ending Date

NONE

S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H
NEWSPAPER AND FEDERAL REGISTER NOTICE
Comment Period Ending Date

Application

NONE

S E C T I O N III - A P P L I C A T I O N S S U B J E C T T O
FEDERAL REGISTER NOTICE ONLY
Application

Comment Period Ending Date

NONE

SECTION IV - APPLICATIONS NO T SUBJECT TO
FEDERAL REGISTER OR NEWSPAPER NOTICE
Application

NONE
♦Subject to CRA




Federal Reserve Baric of New York
Comment Period
Ending Date

SECTION I
Applications Subject to Newspaper
____________ Notice Only__________
Chemical Bank, New York, New York to establish a
branch at Bronx Community College, University Avenue
and West 181st Street, Bronx, New York.!/

2/15/91

Chemical Bank, New York, New York to relocate a branch
office from 222 Mamaroneck Avenue to 191 Mamaroneek
Avenue, White Plains, New York.l/

2/19/91

SECTION II
Applications Subject to Both
Newspaper and Federal Register Notice
North Fork Bancorporation, Inc., Mattituck, New York
to acquire Eastchester Savings Bank, White Plains,
New York.l/

2/8/91 2/

HSBC Holdings Limited, Hong Kong to become a bank
holding company with respect to Ihe Hongkong and
Shanghai Banking Corporation Limited, Hong Kong,
Kellett NV, Netherlands Antilles, HSBC Holdings B.V.,
Amsterdam, Netherlands, Marine Midland Banks, Inc., and
Marine Midland Bank, N.A., both of Buffalo, New York.
HSBC Holdings Limited also seeks to acquire certain
warrants held by Marine Midland Banks Inc. to purchase
up to 24.9 percent of the outstanding voting shares of
Statewide Bancorp, Toms River, New Jersey. Finally,
HSBC Holdings Limited seeks to acquire all of the
nonbanking subsidiaries of the above listed companies
and thereby to engage indirectly in various nonbanking
activities in the United States.1/

2/6/91 2/

SECTION III
Nonbanking Applications
(Subject to Federal Register Notice Only)
The Long-Term Credit Bank of Japan Limited, Tokyo,
Japan to expand the geographic scope of its lending,
leasing and financial advisory activities from a
nationwide to a worldwide basis.




2/7/91

SECTION III cont.
The Long-Term Credit Bank of Japan, Limited, Tokyo,
Japan to engage through its subsidiary, Greenwich
Capital Markets, Inc., Greenwich, Connecticut in
private placement and riskless principal activities,
securities brokerage activities, and in trading
foreign exchange forward, futures, options and
options on futures transactions for purposes other
than hedging.

N/A

SECTION IV
Applications Not Involving
______ Public Comment______

|W (CO|H

None.

4/

Subject to provisions of Community Reinvestment Act.
later of dates specified in newspaper and Federal Register notices.
Date specified in newspaper notice; a later date may be specified in
the Federal Register notice.
N/A - Not Available
Date specified in Federal Register notice; a later date may be
specified in the newspaper notice.




FE D E R A L RESE R V E BANK OF P H I L A D E L P H I A

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY

Comment Period Ending Date

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH NEWSPAPER AND
FEDERAL REGISTER NOTICE
Comment Period Ending Date

None.

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
Comment Period Ending Date

Fulton Financial Corporation, Lancaster, PA
to acquire 100% of Great Valley Savings
Association, Reading, PA, pursuant to Section
4(c)(8) of the Bank Holding Company Act.

2/15/91

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE

None.

1/ Subject to provisions of Community Reinvestment Act.
* N/A - not yet available.




Federal Reserve Bank of C l e v e l a n d

Applications Bulletin
For Week Ending January 26, 1991

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY
NONE

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
R e c e i v e d S e c t i o n 3(a)(1) a p p l i c a t i o n
f r o m E N F I N, I n c . , Solon, Ohio, to a c q u i r e
E n t e r p r i s e Bank, S olon, Ohio.

* N - February

18,

1991

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n
from Banc One Corporation and Banc One
O h i o C o r p o r a t i o n , b o t h of C o l u m b u s , Ohio,
to acquire certain assets and assume
c e r t a i n l i a b i l i t i e s of C i t i z e n s F e d e r a l
S a v i n g s a n d L o a n A s s o c i a t i o n , Dayton,
Ohio.

F e b r u a r y 24,

1991

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
NONE

*
#
N
F

-

Subject to CRA
E x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s
Newspaper Comment Period
Federal Register Comment Period




from the date of receipt

Federal Reserve Bank of Richmond

Section I - Applications Subject to Newspaper
Notice Only

Application

Comment Period Ending Date

Signet Bank/Virginia, Richmond, Virginia,
to operate an Electronic Funds Transfer
Facility at the Circuit City Corporate
Headquarters, 9950 Mayland Drive,
Richmond, Virginia.*

2-17-91

Signet Bank/Virginia, Richmond, Virginia,
to establish an Electronic Funds Transfer
Facility at Gateway Centre, 101 Gateway
Parkway, Richmond, Virginia.*

2-17-91

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Application

Comment Period Ending Date

None.

Section III - Applications Subject to Federal Register Notice

Application

Comment Period Ending Date

BB&T Financial Corporation, Wilson,
North Carolina, to acquire Gate City
Federal Savings and Loan Association,
Greensboro, North Carolina.

Not yet available.

CB&T Financial Corp., Fairmont, West
Virginia, to engage de novo in data
processing, proof and transit, book­
keeping and statement rendering and
reconcilement services through a
subsidiary to be known as CB&T
Operations Company, Inc.

Not yet available.

*Application is subject to CRA.







Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice

Application
None.

-2-

F e d e r a l R e s e r v e B a n k of A t l a n t a
A p p l i c a t i o n s B u l l e t i n fo r W e e k E n d i n g J a n u a r y 25.

1991

S e c t i o n I - A p p l i c a t i o n s S u b j e c t to N e w s p a p e r N o t i c e O nly
Application
Alerion Bank
N e w Orlea n s , L o u i s i a n a
T o e s t a b l i s h a b r a n c h o f f i c e at 3909
L a P a l c o B o u l e v a r d , Harvey, Louisiana, to
b e k n o w n as t h e L a P a l c o Office.

Sovran Bank/Central South
Nashville, Tennessee
T o e s t a b l i s h a c a s h d i s p e n s e r (automated
teller
machine)
at
1135
Freightliner
Drive, N a s h v i l l e , T e n n e s s e e , a n d at 3150
S t a r n e s Cove, M e m p h i s , T e nnessee, to be
k n o w n as M. S. C a r r i e r s C a s h Dispenser.

0 1 - 3 1 - 9 1 (CRA)
Newspaper

S e c t i o n II - A p p l i c a t i o n s S u b j e c t T o B o t h
N e w s p a p e r a n d F e deral R e g i s t e r N o t i c e
Application

C o m m e n t P e r i o d E n d i n g Date

G S B I n v e s t m e n t s , Inc.
Gainesville, Florida
After-the-fact
change
in
control
by
T h o m a s J e s s i e Hawes, Jr. to r e t a i n 15.72
percent
of t h e
outstanding
shares of
c o m m o n stock.

01-17-91
Federal Register

The Peoples Holding Company
F o r t W a l t o n Beach, F l o r i d a
To
become
a bank holding
company by
converting
the
charter
of
its
w h o l l y - o w n e d s u b s i d i a r y , P e o p l e s F ederal
S a v i n g s Bank, F o r t W a l t o n Beach, Florida,
t o t h a t o f a c o m m e r c i a l b a n k to be k n own
as C o m m u n i t y & P e o p l e s S t a t e Bank, F ort
W a l t o n Beach, Florida.

03-01-91
Newspaper




S e c t i o n I V - A p p l i c a t i o n s Not S u b j e c t T o F e d e r a l R e g i s t e r N o t i c e
Or N e w s p a p e r N o t i c e
Application
Alerion Bank
New Orleans, Louisiana
To e s t a b l i s h B a r c l a y t r u s t I n t e r n a t i o n a l
(Cayman) Limited, B r i t i s h W e s t Indies.




Federal Reserve Bank of Chicago
Section I - Applications Subject to Newspaper
Notice Only

Garment Period
Type

Application

Branch/24A

Citizens Commercial & Savings Bank
Flint, Michigan
700 East Big Beaver Road

Rnriinn rate

N

- 2-11-91

N

- **

Troy, Michigan*

Membership

Bank of Aledo
Aledo, Illinois
To became a member in the Federal
Reserve System

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
Comment Period

Type

Y-2

Goodenow Bancorporation
Wall Lake, Iowa
Jackson Bancorporation
Fairmont, Minnesota
Bank Midwest, Minnesota Iowa,
National Association
Jackson, Minnesota*

Y-l

KSB Financial, Inc.
Kingston, Michigan
The Kingston State Bank
Kingston, Michigan*

Ending nate

Application

FR - 2-12-91
N - 1-14-91

FR - 2-12-91
N

- **

Y-2

Farmers Savings Bank, Trustee of Fanners
FR - **
Savings Bank Employee Stock Ownership
N - **
Plan and Trust
West Union, Iowa
BJS, Inc., West Union, Iowa
Westmont Corporation, West Union, Iowa
The Fanners Savings Bank, West union, Iowa*

Y-l

Mergerco, Inc.
Farmington Hills, Michigan
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank of Houston
Houston, Texas*

Y-2

Michigan National Corporation
Farmington Hills, Michigan
Lockwood Banc Group, Inc.
Houston, Texas
Lockwood National Bank of Houston
Houston, Texas*




FR - **
N - **

FR - **
N

- **

Federal Reserve Bank of Chicago

Section II - Applications Subject to Both
Newspaper and Federal Register Notice
(Continued)
Canment Period
Type

Application

Fnriinqt Pate

Y-2

Oakland Financial Services, Inc.
FR - **
Oakland, Iowa
N - **
Otoe County Bancorporation, Inc.
Lincoln, Nebraska
Otoe County Bank and Trust Company (in organization)
Lincoln, Nebraska*

Y-2

Southwest Canpany
FR - **
Sidney, Iowa
N - **
Otoe County Bancorporation, Inc.
Lincoln, Nebraska
Otoe County Bank and Trust Canpany (in organization)
Lincoln, Nebraska*
Section III - Applications Subject to Federal Register Notice
Only
Canment Period
Enriinn Date
Application

4(c)(8)

Marshall & Ilsley Corporation
Milwaukee, Wisconsin
M&I Data Services, Inc.
Milwaukee, Wisconsin

4(c)(8)

Capital Directions, Inc.
FR - 2-12-91
Mason, Michigan
Monex Financial Services, Inc.
Mason, Michigan - providing individuals,
businesses and nonprofit organizations
tax-planning and tax preparation services

4(c)(8)

Capital Directions, Inc.
Mason, Michigan
Monex Financial Services, Inc.
Mason, Michigan - collecting overdue
accounts receivable from retail and
commercial customers

4(c)(8)

Capital Directions, Inc.
FR - 2-12-91
Mason, Michigan
Monex Financial Services, Inc.
Mason, Michigan - providing data processing
services




FR - 1-29—91

FR - 2-12-91

Federal Reserve Bank of Chicago

Section III - Applications Subject tn EWte-ral R o ister Notice
Only
Comment Period
Rnriinq nate
Application

Type

4(c)(8)

Capital Directions, Inc.
Mason, Michigan
Monex Financial Services, Inc.
Mason, Michigan - providing individuals,
businesses and nonprofit organizations
secretarial, nailing and telephone
answering services

ER - 2-12-91

4(c)(8)

Mid Town Bancorp, Inc.
Chicago, Illinois
Falcon Financial Advisors, Inc.
Chicago, Illinois

FR - **

Y-4

Great Lakes Financial Resource, Inc.
Homewood, Illinois
Allied Mortgage Corporation
Chicago, Illinois

FR - **

Y-4

Great Lakes Financial Resource, Inc. ESQP
Homewood, Illinois
Allied Mortgage Corporation
Chicago, Illinois

FR - **

SECTION IV - Acolications Mot Subject to Federal Register Notice
Or Newspaper Notice
Type

Application

RoS

Avoca Financial Services, Inc.
Council Bluffs, Iowa
To redeem 1,635.35 percent shares cannon stock

N
FR
*
**

-




Newspaper
Federal Register
Subject to Provisions of Community Reinvestment Act
Not available at this time

January 25, 1991

Federal Reserve Bank of St. Louis

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER NOTICE
None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE

Application

End of Comment Period

* Section 3(a)(3) application by United
Community Bancorp, Inc., Greenfield,
Illinois to acquire Peoples State
Bank of Gillespie, Gillespie,
Illinois

(Not available)

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER NOTICE
None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE

OR NEWSPAPER NOTICE
None.*

*

This application is subject to CRA.




FEDERAL RESERVE BANK OF MINNEAPOLIS

Section I - Applications Subject to
Newspaper Notice Only
Comment Period
Ending Date

Application
None.
Section II - Applications Subject to Both
Newspaper and Federal Register Notice

Application

Comment Period
Ending Date

Anthony R. Baraga
To increase his ownership interest
from 8.72% to 10.98% of the voting
shares of Merchants & Miners Bankshares, Inc., Hibbing, MN

1-29-91
(Federal Register)

Mary Vezzetti
To increase ownership interest from
.5% to 15.9% of Citizens Bancshares,
Inc., Ontonagon, MI

2-14-91
(Newspaper)

401, Inc.
Huron, SD
To acquire, via merger, 100% of
First Bancorp, Inc., Huron, SD,
a multibank holding company owning
First Western Bank, Custer, SD;
First Western Bank, Sturgis, SD;
First Western Bank, Wall, SD

2-11-91
(Newspaper)

^Subject to CRA




FEDERAL RESERVE BANK OF MINNEAPOLIS
Section II - Applications Subject to Both
Newspaper and Federal Register Notice (Continued)

Application
United Banks of Colorado, Inc.
Denver, CO
To acquire 100% of the following Colorado
banks: United Bank of Boulder, N.A. , Boulder;
United Bank of Colorado Springs, N.A., Colorado
Springs; United Bank of Denver, N.A., Denver;
United Bank of Fort Collins, N.A., Fort Collins;
United Bank of Greeley, N.A., Greeley; United Bank
of Montrose, N.A. , Montrose; United Bank of
Steamboat Springs, N.A., Steamboat Springs; United
Bank of Sterling, N.A., Sterling; United Bank of
Grand Junction - Downtown, N.A., Grand Junction;
United Bank of Brighton, N.A., Brighton; United
Bank of Aurora, N.A. , Aurora; United Bank of
Ignacio, N.A., Ignacio; United Bank of Pueblo,
N.A. , Pueblo; United Bank of Littleton, N.A. ,
Littleton; United Bank of Broomfield, N.A. ,
Broomfield; United Bank of Sunset Park, N.A.,
Pueblo; United Bank of Lakewood, N.A. , Lakewood;
United Bank of Northglenn, N.A., Northglenn; United
Bank of Lasalle, N.A., Lasalle; United Bank of
Grand Junction, N.A., Grand Junction; United Bank
of Delta, N.A., Delta; United Bank of Bear Valley,
N.A. , Denver; United Bank of Colorado Springs - East,
N.A., Colorado Springs; United Bank of Southglenn,
N.A. , Arapahoe County; United Bank of Longmont, N.A. ,
Longmont; United Bank of Durango, N.A, Durango;
United Bank of Skyline, N.A., Denver; United Bank of
Buckingham Square, N.A., Aurora; United Bank of Monaco,
N.A. , Denver; United Bank of Garden of the Gods, N.A. ,
Colorado Springs; United Bank of Arvada, N.A., Arvada;
United Bank of Fort Collins - South, N.A. , Arvada;
United Bank of Arapahoe, N.A. , Englewood; United Bank of
Southwest Plaza, N.A., Jefferson County; United Bank
of Cherry Creek, N.A., Denver; United Bank of Highland
Ranch, N.A., Highland Ranch; United Bank of Academy
Place, N.A., Colorado Springs; United Bank of Aurora City Center, N.A., Aurora; United Bank of Aurora - South,
N.A. , Aurora; United Bank of Westminster, N.A. , West­
minister.*

^Subject to CRA




Comment Period
Ending Date
Not yet available

FEDERAL RESERVE RANK OF MINNEAPOLIS
Section III - Applications Subject
to Federal Register Notice Only
Comment Period
Ending Date

Application
Commercial Banshares, Inc.
Mitchell, SD
To acquire Spectrum Life Insurance
Company, Mitchell, SD

Not yet available

401, Inc.
Huron, SD
To engage in general insurance agency
activities through the acquisition of
First Western Agency, Inc.

Not yet available

Martinius Corporation
Rogers, MN
To engage de novo in making or purchasing
loans.

Not yet available

Norwest Corporation
Minneapolis, MN
To engage in the activities of securities
brokerage and underwriting and dealing in
government obligations and money market
instruments through the acquisition of
UBC Investment Corp., Denver, CO and the
bond department of United Bank of Denver,
N.A., Denver, Co.

Not yet available

Farmers and Merchants Investment Co.
Watertown, SD
To engage de novo in making and servicing
loans for its own account.

Not yet available

Section IV - Applications Not Subject to
Federal Register Notice or Newspaper Notice
Application
None.




Federal Reserve Bank of Kansas City

SECTION

I ~ APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLY

APPLICATION

COMMENT PERIOD ENDING DATE

None.
S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H
N E W S P A P E R AN D F E D E R A L R E G I S T E R N O T I C E
APPLICATION

COMMENT PERIOD ENDING DATE

O t o e C o u n t y B a n c o rporation, Inc.,
L i n c o l n , N e b r a s k a , for prior a p p r o v a l
to b e c o m e a ba n k holding c ompany
t h r o u g h the a c q u i s i t i o n of 100
p e r c e n t of the voting shares of O t o e
C o u n t y Ba n k & Trust Company, N e b r a s k a
City, N e b r a s k a . *

Not A v a i l a b l e

S t a n d a r d B a n c o r p o r a t i o n , Inc.,
L i n c o l n , N e b r a s k a , for prior a p p r o v a l
to b e c o m e a bank holding company
t h r o u g h the a c q u i s i t i o n of 100
p e r c e n t of the voting shares of
S t a n d a r d B a n k and Trust,
I n d e p e n d e n c e , Missouri.*

Not A v a i l a b l e

M i d w e s t B a n c o Corporation, Cozad,
N e b r a s k a , for prior approval to
a c q u i r e 100 p e r c e n t of the voting
s h a r e s of E n d e r s Company, Enders,
N e b r a s k a , p a r e n t of First State Bank,
End e r s , N e b r a s k a . *

Not A v a i l a b l e

R o b e r t J. O'Ha l l o r a n , Trustee,
O v e r l a n d Park, Kansas, for prior
a p p r o v a l to c o n t r o l as trustee 36.40
p e r c e n t of the voting shares of
M i s s i o n B a n c s h a r e s , Inc., Mission,
Kansas.

Not A v a i l a b l e

R o b e r t J. O ' H a l l o r a n , Trustee,
O v e r l a n d Park, Kansas, for prior
a p p r o v a l to c o n t r o l as trustee 51.42
p e r c e n t of th e voting shares of MBI
B a n c s h a r e s , Inc., Kansas City,
Missouri.

Not A v a i l a b l e

R o b e r t J. O ' H a l l o r a n , Trustee,
O v e r l a n d Park, Kansas, for prior
a p p r o v a l to c o n t r o l as trustee 34.18
p e r c e n t of the voting shares of
V a l l e y V i e w Bancshares, Inc.,
O v e r l a n d Park, Kansas.

Not A v a i l a b l e




Federal Reserve Bank o f Kansas City

R o b e r t J. O ' H a l l o r a n , Trustee,
O v e r l a n d Park, Kansas, for prior
a p p r o v a l to c o n t r o l as t r u s t e e 30.15
p e r c e n t of the v o t i n g shares of Metro
B a n c s h a r e s , Inc., K a n s a s City,

No t A v a i l a b l e

Missouri.
R o b e r t J. O ' H a l l o r a n , ''rustee,
O v e r l a n d Park, Kansas, for prior
a p p r o v a l to c o n t r o l as t r u s t e e 21.34
p e r c e n t of the v o t i n g s hares of
I n t e r n a t i o n a l Banc s h a r e s , Inc.,
K a n s a s City, M i s souri.

Not A v a i l a b l e

R o b e r t J. O ' H a l l o r a n , Trustee,
O v e r l a n d Park, Kansas, for prior
a p p r o v a l to c o n t r o l as t r u s t e e 32.31
p e r c e n t of the v o t i n g s h ares of
I n d u s t r i a l B a n c s h a r e s , Inc., Kansas
City, Kansas.

Not A v a i l a b l e

R o b e r t J. O ' H a l l o r a n , Trustee,
O v e r l a n d Park, Kansas, for prior
a p p r o v a l to c o n t r o l as t r u s t e e 38.31
p e r c e n t of the v o t i n g shares of One
S e c u r i ty, Inc., K a n s a s City, Kansas.

Not A v a i l a b l e

SECTION

III ~ A P P L I C A T I O N S S U B J E C T TO FEDERAL R E G I S T E R N O T I C E O N L Y

APPLICATION

C O M MENT P E R I O D E N D I N G D A T E

None.
S E C T I O N IV - A P P L I C A T I O N S N O T SUBJECT TO F E D E R A L R E G I S T E R N O T I C E
O R N E W S P A P E R NOTICE
APPLICATION

None.

*Application




is s u bject

to CRA.

FEDERAL RESERVE BANK OF DALLAS APPLICATIONS BULLETIN
APPLICATIONS AND NOTIFICATIONS FILED DURING THE WEEK OF JANUARY 21, 1991

SECTION I - APPLICATIONS SUBJECT TO NEWSPAPER
NOTICE ONLY

APPLICATION

NOTICE EXP

None.

SECTION II - APPLICATIONS SUBJECT TO BOTH
NEWSPAPER AND FEDERAL REGISTER NOTICE
APPLICATION

** NOTICE EXP

*Section 3(a)(1) application by
First American Financial Corporation, Sulphur Springs,
TX, to acquire First American Bank of Sulphur Springs,
N.A., Sulphur Springs, TX

91/02/16

♦Section 3(a)(3) application by
Overton Financial Corporation, Overton, TX, to acquire
Lindale Bancshares, Inc., Lindale, TX, and Lindale State
Bank, Lindale, TX

91/02/10

SECTION III - APPLICATIONS SUBJECT TO FEDERAL REGISTER
NOTICE ONLY
APPLICATION

NOTICE EXP

None.

SECTION IV - APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICE
OR NEWSPAPER NOTICE
APPLICATION
None.

* SUBJECT TO CRA.
** EXPIRATION DATE IS THE DATE SPECIFIED IN THE NEWSPAPER NOTICE ONLY
N/A - NOT AVAILABLE AT THIS TIME.




FEDERAL RESERVE BANK OF SAN FRANCISCO
Week ending 1/25/91
Section I - Applications Sub.iect to Newspaper Notice Onlv
Application

Comment Period Endinq Date

Oak Valley Community Bank (In Organization),
Oakdale, California, to become a member of
the Federal Reserve System. *

Newspaper:

Not available

First Interstate Bank of California, Los
Angeles, California, to establish a branch in
the vicinity of the intersection of Main Street
and C Avenue, Hesperia, California. *

Newspaper:

2/10/91

Section II - Applications Sub.iect to Both
Newspaper and Federal Reoister Notice
Philip J. Rocco, Santa Ana, California, to
acquire up to 24.9 percent of Orange Bancorp,
Fountain Valley, California.
1-5 State Bancorp, Wilsonville, Oregon, to
become a bank holding company through the
acquisition of Bank of Wilsonville,
Wilsonville, Oregon. *

Fed. Rea.:

2/12/91

Newspaper:

2/08/91

Fed. Rea.:

2/21/91

Newspaper:

2/22/91

Section III - Applications Subject to Federal Register Notice Only
Banque Nationale de Paris, Paris, France, to
engage in investment advisory services and
riskless principal services through BAII Capital
Markets, Inc., New York, New York.

Fed. Rea.: Not yet published

Section IV - Applications Not Subject to Federal Register Notice
or Newspaper Notice
None

Subject to CRA.





Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102