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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1979 No. 4)
Actions of the Board; Applications and Reports
Received During the Week Ending January 27, 1979
ACTIONS OF THE BOARD
Chairman G. William
Banking Conmittee
implementation of
petitive equality
Miller, statement before the House
on proposals to facilitate the
monetary policy and to promote comamong Depository Institutions.
Chairman G. William Miller, statement before the House
Budget Conmittee on the nation's economic problems
and prospects.
Governor Philip E. Coldwsll, statement before the Senate
Banking Committee on the Federal Reserve System's 1979
budget.
Alabama Bancorporation, Birmingham, Alabama, extension of
time to March 31, 1979 for acquisition of shares of
Lee County Bank, Opelika, Alabama, the proposed purchaser
of substantially all the assets and as sump tor of substantially all the liabilities of the Bank of East
Alabama, Opelika, Alabama. 1/
National Bank of Commerce of Dallas, Dallas, Texas, extension of time to March 9, 1980, for divestiture of
the stock of Security Bankshares, Inc., and that company's holding of Security State Bank, Hedley, Texas,
and City State Bank in Wellington, Texas. 1/
Newman Bancshares, Inc., Tuscola, Illinois, extension of
time to February 19, 1979, within which to become a bank
holding company through the acquisition of 94 per cent
of the voting shares of First State Bank of Newman,
Newman, Illinois. 1/
Royal Bank of Canada, Montreal, Canada, extension of time
to retain indirectly 50 per cent of the issued and outstanding capital stock of S&G Industrial Park, Inc., a
New York corporation. 1/
United Missouri Bancshares, Inc., Kansas City, Missouri,
extension of time to April 23, 1979, within which to
consummate the acquisition of City Bond and Mortgage
Company, Kansas City, Missouri. 1/
1/ Application processed on behalf of the Board of Governors under
authority.
Sharon Blancke
H.2", 1979 No. 4
—
2
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ACTIONS OF THE BQARD-Continued
Apple Creek Banking Company, Apple Creek, Ohio, permission to make an investment in bank premises. 1/
Northwestern Bank of Helena, Helena, Montana, extension
of time within which to establish its detached drive-in
banking facility. 1/
Crocker International Investment Corporation, San Francisco,
California, extension of time to February 6, 1980, within
which to purchase and hold all of the shares of Crocker
Financial Services Limited, Vancouver, British Colurrbia.
1/
Deregistration for Ashland Oil Inc., Ashland, Kentucky. 1/
Manufacturers Bank, Granada Hills Branch of, Los Angeles,
California, proposed acquisition by Cabrillo State Bank,
San Fernando, California, report to the Federal Deposit
Insurance Corporation on competitive factors. 1/
Union National Bank of Lewisburg, Lewisburg, Pennsylvania,
proposed merger with Central Counties Bank, State College,
Pennsylvania, report to the Federal Deposit Insurance
Corporation on competitive factors. 1/
17 Application processed on behalf of the Board of Governors under delegated
authority.
- 3 -
H.2, 1979 No. 4
ACTIONS OF THE BOARD-Continued
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
Approved
The Apple Creek Banking Company, Apple Creek, Ohio.
Branch to be established at State Route #3,
Madisonburg, Wayne County. 1/ & 2/
*
*
*
*
*
To Merge Pursuant to Section 18(c) of the Federal
Deposit Insurance Act
Approved
Fidelity American Bank, Norfolk, Virginia, for prior
approval to merge with Fidelity American Bank,
Eastern Shore, Parksley, Virginia. 1/ & 2/
* * A- *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
Western Home Bank, Salt Lake City, Utah. 1/ & 2/
* * * * *
International Investments and Other Actions Pursuant
to Sections 25 and 25(a) of the Federal Reserve Act
and Sections 4(c)(9) and 4(c)(13) of the Bank Holding
Company Act of 1956, as amended
Approved
Citibank, N.A., New York, New York: consent to purchase
and hold, directly or indirectly, an additional 1.86
per cent of the shares of Citibank (Austria)
Aktiengesellschaft (CAAG). Vienna, Austria.
1/ Application processed on behalf of the Board of Governors under delegated
auUmrity.
2/ Amplication subject to Ccmrunity Reinvestment Act.
4 -
H.2, 1979 No. 4
ACTIONS OF THE BQARD-Continued
To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Approved
Continental National Bank of Fort Worth, Fort Worth,
Texas: permission to establish a branch in George
Town, Grand Cayman, British West Indies.
*
* * * *
To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Approved
Neisen Bancshares, Inc., Watkins, Minnesota, for
approval to acquire 83.6 per cent of the voting shares
of Farmers State Bank of Watkins, Watkins, Minnesota.
1/ & 2/
Catoosa Bancshares, Inc., Catoosa, Oklahoma, for approval
to acquire 100 per cent (less directors' qualifying
shares) of the voting shares of 1st Bank of Catoosa,
Catoosa, Oklahoma. 1/ & 2/
First Bancorp of Tonkawa, Inc., Tonkawa, Oklahoma, for
approval to acquire 87 per cent or more of the voting
shares of The First National Bank in Tonkawa, Tonkawa,
Oklahoma. 1/ & 2/
Palisade Bancshares, Inc., Palisade, Colorado, for approval
to acquire 100 per cent (less directors' qualifying
shares) of the voting shares of The Palisades National
Bank, Palisade, Colorado. 1/ & 2/
Northwest Financial Corporation, Fort Worth, Texas, for
approval to acquire 90 per cent of the voting shares
of Northwest Bank, Fort Worth, Texas. 1/ & 2/
The First Women's Bancorporation of Utah, Salt Lake City,
Utah, for approval to acquire 100 per cent (except
directors' qualifying shares) of the voting shares of
Western Home Bank, Salt Lake City, Utah, a proposed
new bank. 1/ & 2/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
2/ Application subject to Community Reinvestment Act.
H.2, 1979 No. 4
ACTIONS OF THE BOARD-Continued
To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Approved
Northwest Ohio Bancsharcs, Inc., Toledo, Ohio, for
approval to acquire 100 per cent of the voting
shares of The Willard United Bank, Willard, Ohio. 2/
CB&T Bancshares, Inc., Columbus, Georgia, for approval
to acquire 100 per cent of the voting shares of the
successor by merger to Security Bank and Trust Company
of Albany, Albany, Georgia. 1/ & 2/
Republic of Texas Corporation, Dallas, Texas, for approval
to acquire 100 per cent of the voting shares (less
directors' qualifying shares) of the successor by merger
to The First National Bank of Piano, Piano, Texas. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Delayed
BankAmcrica Corporation, San Francisco, California,
notification of intent to engage in de novo activities
(acting as agent or broker for the sale of credit-related
property and casualty insurance pursuant to Section
225.4(a)(9) Regulation Y; such activities will include:
(1) insurance protecting one-to-four family residences
securing loans made or acquired by subsidiaries of
BankAmcrica from physical damage or loss and liability
and other insurance sold in conjunction therewith as a
matter of general practice; (2) insurance protecting
personal property securing extensions of credit made by
subsidiaries of l&mkAmerica from physical daitvige or loss
and liability and other insurance sold in conjunction
therewith as a matter of general practice; (3) insurance
protecting collateral (both real and [ jorsona 1) , securing
construction loans made by subsidiaries of BankAnt.-r ica
from physical damage or loss and related surety and
liability insurance sold in conjunction therewith as a
matter of general practice; (4) insurance protecting
property (both real and [jorsonal) leased to customers of
subsidiaries of BankAmcrica; (5) insurance protecting
Bank of America N.T. & S.A. and its subsidiaries from any
type of loss or liability; and (6) insurance protecting
properties held in trust from physical damage or loss
1/ Application processed on Ix^hal f of the iv^ird of Covernc;rs under delegated
auUiori ty.
2/ Application :'.UH ]< T-t to ( V mnum I / i 'o i nv< -s» IF* -nt Act.
H.2, 1979 No. 4
and liability insurance sold in conjunction therewith
as a matter of genera1 practice) at 315 Montgomery
Stret?t, San Frane i r;cc), Califoniia, through its subsidiary,
IIA Insurance Agency, Inc. (1/2G/79) 3/
tells Fargo & Company, San Francisco, California, notification of intent to engage in de novo activities (acting as an insurance agent or broker for the sale of
pre>{)erty damage or casualty insurance together with
associated liability insurance all of which is related
to extensions of credit made by the banking or non-banking subsidiaries of Wells Fargo & Company to the extent
permissible under applicable State insurance laws or
regulation) at 473 S«insane Street, San Francisco, California, through its subsidiary, Wells Fargo insurance
Services (1/2G/79) 3/
Permitted
Citicorp, New York, N(^w York, notification of intent to
engage in tie novo act ivi ties (making or acquiring, for
Lis o.'/n accouni or for the account of others, conmcrcial
loans) at 233 South Wacker Drive, Chicago, Illinois,
through its subsidiary, Citicorp Industrial Credit, Inc.
(1/21/79) 3/
Ci ticorp, New York, New York, noti ficat ion of intent to
engage in de novo activities (nuking or accpairing, for
its own account or for the account of others, carmercial
loans; and leasing personal or real property or acting
as agent, broker or advisor in leasing such property
and servicing such leases where the leases serve as the
functional equivalent of an extension of credit to the
lessee of the property, where at the inception of the
initial lease the effect of the transaction will be to
comp'nsate the lessor for not less than its full investment in the profx-rty over the term of the lease, and
where th" transaction is subject to all of the gualifications s[oci f ied in 12 CFR 225.4 (a) (f>)(a) and (b)) at
200 Market. Street, Portland, Oregon, through its subsidiary,
Citicorp Industrial Credit, Inc. (1/21/79) 3/
Manufacturers Hanover Corjxjrat ion, New York, New York,
notification of intent to engage in de novo activities
(acting as an agent, or broker for the sale of profxnrty
damage and liability insurance which is related to loans
and other ex tens, ions of enviit by Kilter Finance Ccmfxiny,
Incorjxirat Lit of Virginia) at Rout r • 4f.O, Triangle Plaza,
Apf>omatlox, MO West Main Street , Covington and Blue field
Road, Suite 10, I/^banon, .ill in Virginia, through i Is
subsidiary, kit*' r Finance f > itt| j, my, I ncorj oral ed of
Virginia (1/2A/79) V
3/ 4(c) (8) or 4(c) (12) not i f i ea t i on ptf x *< •:;< <1 1 > I-'j i: 1 rvt * Ha nk on fx4 la 1 f
of the Hoard of (/ r/< -i nor:; under < le 1 < >< j, it i i i authority.
H.2, 1979 No. 4
- 7 ACTIONS OF THE BQARD-Continued
Manufacturers Hanover Corporation, New York, New York,
notification of intent to engage in de novo activities
(arranging, making or acquiring for its am account or
for the account of others, loans and other extensions
of credit such as would be made by a consumer finance
company under a revolving loan plan, secured or unsecured, including loans under a revolving loan agreement
secured by mortgages or deeds of trust on real property
and/or security interests in personal property; servicing
any such loans and other extensions of credit for any
person; acting as agent or broker for the sale of credit
life insurance which is related to extensions of credit
made, acquired or serviced by The Financial Source,
Incorporated of Virginia; and reinsurance, through Ritter
Life Insurance Company, of credit life insurance which
is related to extensions of credit made, acquired or
serviced by The Financial Source, Incorporated of Virginia)
at Route 460, Triangle Plaza, Appomattox; 317 Shawnee
Ave., Big Stone Gap; 508 Spring Street, Bluefield; Main
Street, Bowling Green; Route 501, Brookneal; Virginia Ave.
& Fifth St., Clarksville; 310 W. Main Street, Covington;
518 Culpeper Shopping Center, Culpeper; East Corner,
Anchorage Shopping Center, Vansant; 520 N. Main Street,
Emporia; 1051 N. Main Street, Famiville; Main Street,
Louisa; Loudoun Valley Shopping Center, Pureellvilie;
Franklin Plaza Shopping Center, Rocky Mount; 526 Main
Street, South Boston; 1144 Route 17, Tabb; 260 Broadview Ave., Warrenton; 1153 Berryville Ave., Winchester;
113 N. Main Street, Woodstock; 402B W. Main Street,
Bedford; 114 Country Club Drive, S.W., Blacksburg; 101
S. Main Street, Bridgewater; 193 W. Spotswood Ave., Elk ton;
223 Mason Ave., Cape Charles; 9 North Street, Onancock;
223 W. Main Street, Charlottesville; 1853 Seminole Trail,
Charlottesville; 109 E. Carolina Ave., Crewe; 212 Main
Street, Warsaw; 11-B Walnut Hill Plaza, Petersburg;
Main & Hunter St., Waverly; 204A Main Street, Wise;
Bluefield Rd., Rt. 19, Lebanon; 4653 Duke St., Alexandria;
8347 Sudley Rd., Manassas; 241-A Harry Flood Byrd Highway,
Sterling; 13943 Jefferson Davis Hwy., Woodbridge; all
located in Virginia, through its subsidiary, The Financial
Source, Incorporated of Virginia (1/26/79) 3/
Pittsburgh National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(mortgage banking, including the making or acquiring and
servicing for its cwn accounts or the accounts of others,
loans and other extensions of credit) at 115 Daytcxvn
3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2, 1979No. 4
-8ACTIONS OF THE BOARD-Continued
Avenue, Xenia, Ohio and north part of Colorado Springs,
Colorado, through its wholly-owned subsidiary, The Kissell
Company, Springfield, Ohio (1/24/79) 3/
Banconac Shares, Inc., Hollywood, Florida, notification of
intent to engage in de novo activities (engaging in
providing data processing services and storing and processing banking, financial or related economic data for
Banconac and affiliates, subsidiaries, their correspondent
banks, other banking institutions, their respective customers
and, to a lesser extent, to other businesses) at 255 East
Dania Beach Boulevard, Dania, Florida, through a subsidiary,
DBK Data Services, Inc. (1/24/79) 3/
ComBanks Corporation, Winter Park, Florida, notification
of intent to engage in de novo activities (placing
credit life and accident and health insurance in connection with the extension of credit by subsidiary banks) in
Apopka, Altamonte Springs, Casselberry, Longwood, Orlando
and Winter Park, Florida, through a subsidiary, ComBanks
Insurance Agency, Inc. (1/24/79) 3/
First Alabama Bancshares, Inc., Birmingham, Alabama, notification of intent to engage in de novo activities (acting
as insurance agent or broker with respect to (1) credit
life or accident and health insurance that is directly
related to the extension of credit by a bank or bank related subsidiary of First Alabama; (2) credit life or
accident and health insurance that is directly related to
the provision of other financial services by a bank or bank
related subsidiary of First Alabama; and (3) the sale of
physical damage insurance which is directly related to an
extension of credit or the provision of other financial
services by a bank or bank related subsidiary of First
Alabama) in Culliran and Rogersvilie, Alabama, through a
subsidiary, FAB Agency, Inc. (1/27/79) 3/
Great American Corporation, Baton Rouge, Louisiana, notification of intent to engage in de novo activities (providing
data processing services to correspondent banks of The
American Bank and Trust Company in southern Louisiana,
providing payroll, accountsreceivableor payable and billing services; also storing and processing banking, financial
and bookkeeping data) in Baton Rouge, Louisiana, through
a subsidiary, American Data Processing Canpany (1/28/79) 3/
3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf
~
of the Board of Governors under delegated authority.
— 9 —
H.2, 1979 No. 4
ACTIONS OF THE BOARD-Continued
Midland Capital Co., Oklahoma City, Oklahoma, notification
of intent to engage in de novo activities (servicing
residential, commercial, and industrial mortgage loans on
properties located in the Kansas City area) at 9201 Ward
Parkway, Suite 300, Kansas City, Missouri, through a
subsidiary, Midland Mortgage Co. (1/25/79) 3/
Texas Commerce Bancshares, Inc., Houston, Texas, notification of intent to engage in de novo activities (making and acquiring, for its own account the following
types of loans; commercial loans both secured and unsecured; loans to purchase real property, improved and
unimproved; loans to purchase securities; loans to
purchase commodities; standby and commercial letters
of credit; acceptances; such other loans as Texas
Commerce Bancshares, Inc. deems prudent and for which
funds are available) at 712 Main Street, Houston, Texas
(1/25/79) 3/
Security Pacific Corporation, Los Angeles, California,
notification of intent to engage in de novo activities
(the financing of personal property and equipment and
real property and the leasing of such property or the
acting as agent, broker or advisor in the leasing and/or
financing of such property where at the inception of the
initial lease the effect of the transaction (and, with
respect to governmental entities only, reasonably
anticipated future transactions) will yield a return that
will compensate the lessor for not less than the lessor's
full investment in the property plus the estimated total
cost of financing the property over the term of the lease,
and the servicing of such financings and/or leases as is
authorized by the Federal Res* irve Board under Regulation
Y and The Bank Holding Company Act) at 222 Lancaster
Avenue, Devon, Pennsylvania, through its subsidiary,
Security Pacific Leasing Corporation (1/22/79) 3/
3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2, 1979 No. 4
- 1 0 -
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
The Merrill Trust Company, Bangor, Maine. Branch to
be established at Main Road, Brownville. 2/
The Citizens State Bank, Silverton, Ohio. Branch to
be established at Montgomery and Fields Ertel Roads,
Somerset, Hamilton County. 2/
Bank of Virginia Beach, Virginia Beach, Virginia.
Branch to be established at 880 Virginia Beach
Boulevard, Virginia Beach. 2/
* * * * *
To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Community Bancorp, Creve Coeur, Missouri, for approval
to acquire 80.1 per cent of the voting shares of
Community Bank of Morrison, Morrison, Missouri. 2/
Swanville Bancshares, Inc., Swanville, Minnesota, for
approval to acquire 91.82 per cent of the voting
shares of First State Bank of Swanville, Swanville,
Minnesota. 2/
ilitjh Plains Bancorporation, Inc., Forgan, Oklahoma,
for approval to acquire 90.25 per cent of the voting
shares of The First State Bank, Forgan, Oklahoma. 2/
Park Rapids Bancshares, Inc., Park Rapids, Minnesota,
for approval to acquire 82.67 per cent of the voting
shares of The Citizens National Bank of Park Rapids,
Park Rapids, Minnesota. 2/
To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Northwest Bancorporation, Minneapolis, Minnesota, for
approval to acquire 95 per cent or more of the voting
shares of First National Bank, Cedar Falls, Iowa,
Cedar Falls, Iowa. 2/
27 Application subject to Ccninunity Reinvestment Act.
H.2, 1979 No. 4
- 11 -
£
APPLICATIONS RECEIVED-Continued
First Bancorp, Inc., Corsicana, Texas, for approval to
acquire 100 per cent of the voting shares (less directors1 qualifying shares) of Forney Bank and Trust
Company, Forney, Texas. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a) (5) of the Bank Holding Company Act of 1956
Society Corporation, Cleveland, Ohio, for approval to
acquire 100 per cent of the voting shares of Harter
BanCorp, Canton. Ohio and thereby indirectly acquire
100 per cent (less directors' qualifying shares) of
the voting shares of The Harter Bank & Trust Company,
Canton, Ohio. 2/
*
* * * *
To Expand a Bank Holding Company Pursuant to Section
4(c) (8) of the Bank Holding Company Act of 1956
Industrial National Corporation, Providence, Rhode Island,
notification of intent to engage in de novo activities
(consumer finance; and insurance agency for the sale
of credit life, credit accident and health, and credit
property insurance sold in connection with extensions
of credit) at American Plaza Shopping Center, Vine
Street, Highway 192W, Kissirmiee, Florida, through
Industrial's indirect subsidiaries known as Southern
Discount Ccmpany and S.D.A. Coqjoration (both Florida
Corporations) which are wholly-cwnod by Industrial's
indirect subsidiary, Southern Discount Company (a
Rhode Island Corporation) in Atlanta, Georgia (1/23/79)
3/
Citicorp, New York, New York, notification of intent to
engage in de novo activities (acting as agent or
broker for the sale of property and casualty insurance
which is directly related to an extension of credit or
the provision of other financial services by Advance
Mortgage Corporation, generally with regard to one-tofour family residences and to include liability coverage
in homeewner "package" policies where such is the
27 Application subject to Community Reinvestment Act.
3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf
of tlie Board of Governors under delegated authority.
H.2, 1979 No. 4
-
12 -
APPLICATIONS RECEIVECKContiiiued
general practice) at 9247 North Meridian Street,
Indianapolis, Indiana, through its subsidiary, Advance
Insurance Agency, Inc. at offices of Advance Mortgage
Corporation in Springfield, Hillside and Waukegan,
Illinois. This notification should have been on H.2
No. 1 (1/2/79) 3/
Citicorp, New York, New York, notification of intent to
engage in de novo activities (acting as agent or
broker for the sale of property and casualty insurance
which is directly related to an extension of credit or
the provision of other financial services by Advance
Mortgage Corporation, generally with regard to one-tofour family residences and to include liability coverage
in homeowner "package" policies where such is the
general practice) at 9247 North Meridian Street,
Indianapolis, Indiana, through its subsidiary, Advance
Insurance Agency, Inc. at offices of Advance Mortgage
Corporation in Merrillville and Indianapolis, Indiana.
This notification should have been on H.2 No. 1 (1/2/79)
3/
Citicorp, New York, New York, notification of intent to
engage in de novo activities (commercial lending
activities for its am account with the intention that
Citibank, N.A., Citibank (New York State) , N.A. and
other commercial banks may participate in the loans;
and leasing personal or real property or acting as
agent, broker, or adviser in leasing such property
subject to all of the qualifications specified in 12
CFR ?2r>. 1 (a) (6) (a) and (b) where the leases serve as
the functional equivalent of an extension of credit to
the lessee of the property) at Metro-Center 1,100
Wood Avenue, South, Isol in, New Jersey, through its
subsidiary, Citicorp (USA) , Inc. (formerly known as
Citicorp Commercial Inc.) (1/22/79) 3/
Mercantile Bankshares Corporation, Baltimore, Maryland,
notification of intent to engage in de novo activities
(acting as insurance agent (or broker) with respect to
the provision, under individual policies, of credit
life insurance in connection with extensions of credit)
at One Plaza East, Salisbury; The Barley Company, P.O.
Box 433, Waldorf; P.O. Box 717, S. Ritchie Highway and
McKinsey Road, Severna Park; 2000 E. Joppa Road, Parkville; and 5910 Baltimore National Pike, Baltimore,
Maryland; and 1003 Delaware Avenue, Wilmington, Delaware,
through its subsidiary, Mercantile Mortgage Corporation
(1/23/79) 3/
V
4(c)(8) or 4(c) (12) not i f ieriion processed by Rrr.orvn Rink on behalf
of the Board of (V>vornor:; under do let ja ted authority.
-13-
H.2, 1979 No. 4
APPLICATIONS RECEIVED-Continued
First Chicago Corporation, Chicago, Illinois, notification
of ir. tent to engage in de novo activities (making or
acquiring, for its cwn account or for the account of
others, loans and other extensions of credit secured by
real estate mortgages and servicing such loans and other
extensions of credit) at 11 Milam Building, Houston,
Texas, through its subsidiary, First Chicago Realty Services
Corporation (1/26/79) 3/
First Chicago Corporation, Chicago, Illinois, 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 secured by
real estate mortgages and servicing such loans and other
extensions of credit) at 1101 17th Street, N.W., Washington,
D.C, through its subsidiary, First Chicago Realty Services
Corporation (1/26/79) 3/
Gary-Wheaton Corporation, Wheaton, Illinois, for approval
to establish a de novo subsidiary, G-W Life Insurance
Company, Phoenix, Arizona, whose purpose will be to underwrite as, reinsurer, credit life insurance and credit
accident and health insurance on extensions of credit by
applicant and its subsidiaries.
Missouri Banc-Management, Inc., Kansas City, Missouri,
notification of intent to continue to engage in de
novo activities (the holding company acts as insurance
agent for the sale of reducing term credit life insurance,
level term credit life insurance on single payment demand
notes, and credit accident and health insurance) the
activity is conducted on the premises of the holding
company's subsidiary bank, Stadium Bank, 8959 East 40
Highway, Kansas City, Missouri (1/22/79) 3/
Hawaii Bancorporation, Inc., Honolulu, Hawaii, notification of intent to engage in de novo activities (acting
as agent or broker for the sale of credit-related life
and credit-related accident and health insurance as
well as credit-related property and casualty insurance)
at 600 Kapiolani Boulevard, 1857 North King Street, 88
South Hotel Street, Honolulu, Hawaii and 80 Pauahi Street,
Hilo, Hawaii, through its subsidiary, Finance Hawaii, Inc.
(1/18/79) 3/
3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
-14-
H.2, 1979 No. 4
APPLICATIONS RECEIVED-Continued
Agreements Filed Pursuant to Section 8 of the Securities
Exchange Act of 1934
Algemene Bank Nederland N.V. Amsterdam, Netherlands has
filed an agreement with the Board undertaking to comply
with all provisions which relate to the use of credit
to finance transactions in securities.
* * * * *
REPORTS RECEIVED
Ownership Statement filed Pursuant to Section 13(d)
of the Securities Exchange Act
First Commercial Bank, Arlington, Virginia
(Filed by Charles Edward Taylor - dated 1/18/79)
(Filed by Stephen H. Schachner, M.D. - dated 1/18/79)
(Filed by C. Daniel Clemente - dated 1/17/79)
(Filed by Donald A. Cooke - dated 1/18/79)
*
*
*
*
*
PETITIONS FOR RULEMAKING
None.
3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
@FedFRASER