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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1982 No. 5) Actions of the Board; Applications and Reports APPLICABLE RESERVE BANK Received During the Week Ending January 30, 1982 ACTIONS OF THE BOARD Statement by Chairman Paul A. Volcker before the Joint Economic Committee to discuss the state of economy. Third j o i n t survey conducted by the Board of Governors and the Comptroller of the Currency on the fiduciary a c t i v i t i e s of U.S. banks, bank holding companies and Edge Act Corporations conducted at overseas locations. Annual Report to the Congress on the Equal Credit Opport u n i t y Act f o r the year 1981. Notice of Ammendments to Board's Systems of Records as required under the Privacy Act of 1974; t h i s action shall be e f f e c t i v e as proposed without further notice on Fedruary 1, 1982, unless comments are received on or before that date which would result in a contrary determination. Report on b i l l H.R. 312, Section 6, the Interest and I n f l a t i o n Reduction Act, response to request for Boards's consideration and support; l e t t e r sent to Representative George Hansen. San Francisco Centennial/Valley State Bancorp, S p r i n g f i e l d , Oregon, extension of time u n t i l April 25, 1982, within which to become a bank holding company through the acquisition of Valley State Bank, S p r i n g f i e l d , Oregon. \J New York Chase Manhattan Corporation, New York, New York, extension of time t o February 14, 1983, within which to continue to hold, through The Chase Manhattan Bank, N.A., New York, New York, 1,206,226 common shares of the Florida companies acquired in February 1980 i n connection with a settlement of a previously contracted debt. \J 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 5 2 - ACTIONS OF THE BOARD-Continued Dallas Citizens Financial Corporation, Beaumont, Texas, extension of time to April 19, 1982, within which to consummate the acquisition of Citizens National Bank of Beaumont, Beaumont, Texas. 1/ Dallas City Bancshares, I n c . , Mineral Wells, Texas, extension of time to April 29, 1982, within which to consummate the acquisition of The City National Bank of Mineral Wells, Mineral Wells, Texas. 1/ Atlanta E l l i s Banking Corporation, Bradenton, Florida, extension of time u n t i l May 19, 1982, within which to acquire The Peoples Bank, Gainesville, Florida. \J Atlanta F i r s t Bankers Corporation of Florida, Pompano Beach, Florida, extension of time u n t i l May 17, 1982, within which to acquire Century National Bank of Brevard, Melbourne, Florida. JJ Atlanta International Bank-Holding Company, N.V., Netherlands A n t i l l e s , and The International Bank of Florida, Inc., South Miami, Florida, extension of time u n t i l May 7, 1982, within which to become bank holding companies by acquiring i n d i r e c t l y or d i r e c t l y The International Bank of Miami, N.A., South Miami, Florida. 1/ St. Louis Northwest Bancorporation of Arkansas, I n c . , F a y e t t e v i l i e , Arkansas, extension of time u n t i l March 1, 1982, within which to become a bank holding company through the acquisition of Northwest National Bank, F a y e t t e v i l l e , Arkansas. 1/ Chicago Bank of Sturgeon Bay, Sturgeon Bay, Wisconsin, an investment in bank premises. If Kansas City Bank of Lindsay, Lindsay, Nebraska, proposed merger with Lindsay State Bank, Lindsay, Nebraska; report to the Federal Deposit Insurance Corporation on competitive factors. V Chicago Capitol Bank & Trust Company of S p r i n g f i e l d , S p r i n g f i e l d , I l l i n o i s , application for p r i o r approval to merge with Second Capitol Bank of S p r i n g f i e l d , Springfield, I l l i n o i s , under the charter of Second Capitol Bank Of Springfield, and t i t l e of Capitol Bank & Trust Company of S p r i n g f i e l d ; report to the Federal Deposit Insurance Corporatio on competitive f a c t o r s . 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority H.2, 1982 No. 5 - 3 ACTIONS OF THE BOARD-Continued Dallas F a i r f i e l d State Bank, F a i r f i e l d , Texas, proposed merger with New F a i r f i e l d State Bank, F a i r f i e l d , Texas; report to the Federal Deposit Insurance Corporation on comp e t i t i v e f a c t o r s . If Atlanta F i r s t Bank, SIidel 1, Louisiana, proposed merger with New F i r s t Bank of SIidel 1, S l i d e ! ! , Louisiana; report to the Federal Deposit Insurance Corporation on comp e t i t i v e f a c t o r s . 1/ Atlanta F i r s t Bulloch Bank & Trust Company, Bulloch, Georgia, proposed merger with Interim Bulloch Corporation, Bulloch, Georgia; report to the Federal Deposit Insurance Corporation on competitive fa cto rs. _!/ San Francisco F i r s t State Bank of Thousand Oaks, Thousand Oaks, C a l i f o r n i a , proposed merger with the Newbury Park o f f i c e of Union Bank which is headquartered in Los Angeles, C a l i f o r n i a ; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . JJ Dallas Groos Bank National Association, San Antonio, Texas, proposed merger with The Groos National Bank of San Antonio, San Antonio, Texas; report to the Comptroller of the Currency on competitive factors. 1/ San Francisco Interim Bank of the Cascades, Bend, Oregon, proposed merger with and i n t o Bank of the Cascades, Bend, Oregon., under the t i t l e and charter of the l a t t e r ; report to the Federal Deposit Insurance Corporation on competitive factors. IJ Atlanta Pan American Bank, d . A . , Miami, F l o r i d a , proposed merger with Pan American Bank of Broward, Lauderhill, Florida; report to the Comptroller of the Currency on competitive f a c t o r s . 1/ y Application processed on b e h a l f o f the Board of Governors under delegated authority. 1 H.2, 1982 No. 6 - 4 ACTIONS OF THE BOARD-Continued To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Cleveland Atlanta Approved The American Bank, Port m Clinton, Ohio. To establish a i branch at Delaware Avenue, Put-In-Bay, Ottawa County, Ohio. 1/ Parker Bank and Trust Company, Cullman, Alabama. To establish a branch at 811 Second Avenue, N.W., Cullman, Alabama. 1/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Richmond Approved Piedmont Bank and Trust Company, Davidson, North Carolina. l_/ Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 Kansas City Not Disapproved Commercial Investment Company, Ainsworth, Nebraska. \J Applications and Notifications for 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 Boston Approved Multibank International, Quincy, Massachusetts, grants consent to purchase and hold, directly or indirectly, 10 percent of the voting shares of Bolivar International Bank, a Cayman Islands bank. 1/ I f Application processed on behalf of the Board of Governors under delegated ~ authority. I H.2, 1982 No. 5 - 5 ACTIONS OF THE BOARD-Continued New York Sixty Day N o t i f i c a t i o n Period Waived Morgan Guaranty International Finance Corporation, New York New York, and Morgan Guaranty Trust Company of New York, New York, New York: no objection to make additional investments in the capital stock and subordianted debt of Saudi International Bank Limited, London, England. J./ * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Minneapolis Chicago Dismissed Frost BanCorporation, I n c . , Frost, Minnesota, for approval to acquire at least 94.4 percent of the voting shares of State Bank of Frost, Frost, Minnesota. V Approved Chebelle Corporation, Solon, Iowa, f o r approval to acquire at least 80 percent of the voting shares of Chelsea Savings Bank, Belle Plaine, Iowa. 1/ Chicago F i r s t Community Bank Group, Incorporated, Burlington, Wisconsin, f o r approval to acquire at least 80 percent of the voting shares of F i r s t Bank and Trust Company, Burlington, Wisconsin. 1/ Chicago F i r s t M i d - I l l i n o i s Bancshares, I n c . , Mattoon, I l l i n o i s , f o r approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger t o F i r s t National Bank, Mattoon, I l l i n o i s , Mattoon, I l l i n o i s . 1/ Chicago Mid-Central Bancshares Corporation, Charleston, I l l i n o i s , f o r approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger to The Charleston National Bank, Charleston, I l l i n o i s . \J Chicago Odgen-Saratoga Corporation, Downers Grove, I l l i n o i s , for approval t o acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger t o F i r s t Security Bank of Downers Grove, Downers Grove, I l l i n o i s . 1/ y Application processed on behalf of the Board of Governors under delegated authority. I H.2, 1982 No. 5 6 - ACTIONS OF THE BOARD-Continued Chicago Paraclete Bancorp, Afton, Iowa, f o r approval to acquire at least 80 percent of the voting shares of Commercial State Bank, Afton, Iowa. 1_/ St. Louis Far-Mer Bankshares, I n c . , Reyno, Arkansas, for approval t o acquire at least 91.4 percent of the voting shares of Farmers & Merchants Bank, Reyno, Arkansas. \J Kansas City Midwest National Bancshares, I n c . , Midwest City Oklahoma, for approval to acquire at least 80 percent of the voting shares of Midwest National Bank, Midwest, Oklahoma. \J Kansas City M-L Bancshares, I n c . , Wichita, Kansas, f o r approva to acquire 96.8 percent of the voting shares of Newton Bancshares, I n c . , Newton, Kansas and thereby i n d i r e c t l y acquire The Kansas State Bank, Newton, Kansas. 1/ Dallas CSWI Bancshares, I n c . , Dallas, Texas, for approval to acquire 100 percent of the voting shares of Houston Bancshares, I n c . , Houston, Texas. J / Dallas El Campo Bancshares, I n c . , El Campo, Texas, f o r approval to acquire at least 80 percent of the voting shares of Commercial State Bank of El Campo, El Campo, Texas. 1/ Dallas Valley Bancshares, I n c . , McAllen, Texas, f o r approval to acquire 100 percent of the voting shares of The Valley National Bank, McAllen, Texas. JJ San Francisco RCB Corporation, Sacramento, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of River City Bank, Sacramento, C a l i f o r n i a . 1/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Kansas City Fourth Financial Corporation, Wichita, Kansas, f o r approval to acquire 24.99 percent of the voting shares of M-L Bancshares, I n c . , Wichita, Kansas. 1/ \J Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 5 - 7 ACTIONS OF THE BOARD-Continued Kansas City United Missouri Bancshares, Inc., Kansas City, Missouri, for approval to acquire at least 80 percent of the voting shares of Paris Savings Bank, Paris, Missouri. 1/ Dallas Bank Securities, Inc., Albuquerque, New Mexico, for approval to acquire 100 percent of the voting shares of First National Bank of Socorro, Socorro, New Mexico. JL/ Dallas Texas American Bancshares I n c . , Fort Worth, Texas, for approval to acquire 100 percent of the voting shares of North Austin State Bank, Austin, Texas. \J * * * * * To Exapnd a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Boston BankEast Corporation, Manchester, New Hampshire, for approval to merge with Heritage Banks, Inc., Rochester, New Hampshire. * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Boston Boston Approved BankEast Corporation, Manchester, New Hampshire, for approval to acquire at least 99.2 percent of the voting shares of Rochester Savings Bank and Trust Company, Rochester, New Hampshire. Old Stone Corporation, Providence, Rhode Island, for approval to acquire 100 percent of the assets and assume the l i a b i l i t i e s of Pacific-Southern Mortgage Trust, San Diego, California and thereby engage in real estate finance a c t i v i t i e s . If \J Application processed on behalf of the Board of Governors under delegated authority. ACTIONS OF THE BOARD-Continued Kansas City New York New York Del ayed Bankshares of Nebraska, Inc., Grand Island, Nebraska, notification of intent to engage in de novo activities (to engage in leasing of personal property; Applicant seeks authority to engage in closed end leasing and, to a limited degree, leveraged leasing; agricultural and commercial personal property would be leased to credit customers of Applicant's subsidiary banks as follows: First National Bank of Grand Island, Grand Island, Nebraska; First Savings Company of Grand Island, Grand Island, Nebraska; First Savings Company of Hastings, Hastings, Nebraska; and First Savings Company of Kearney, Kearney, Nebraska) at 202 West Third Street, Grand Island, Nebraska, the primary geographic area to be served includes the following counties in Nebraska; Hall, Adams, Howard, Merrick, Hamilton, Clay, Nuckolls, Webster, Franklin, Kearney, Buffalo and Sherman; the secondary geographic area to be served includes a l l remaining counties in Nebraska and a l l contiguous States (1/29/82) 3/ Permitted Citicorp, New York, New York, requests permission to establish a de novo office engaging in the following activities (making or acquiring, for its own account or for the account of others, commercial loans and other extensions of credit; and leasing personal or real property or acting as agent, broker or adviser in leasing such property and servicing such leases subject to a l l the qualifications specified in 12 C.F.R. 225.4(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 20 Executive Park, Irvine, California, serving the States of Arizona and California through its subsidiary, Citicorp Industrial Credit, Inc. (1/23/82) 3/ Citicorp, New York, New York, requests permission to establish a de novo office, Citicorp Homeowners, Inc. and to expand the activities and service area of an existing office, Citicorp Person-to-Person, Inc. to engage in the following activities (the making or acquiring of loans and other extensions of credit, secured or unsecured, for consumer and other purposes; the making, acquiring, and servicing, for its own account and for the account of others, of extensions of credit to individuals secured by liens on residential or non-residential real estate; 3/ 4(c)(8) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. ACTIONS OF THE BOARD-Continued the extension of loans to dealers for the financing of inventory (floor planning) and working capital purposes; the purchasing and servicing for its own account of sales finance contracts; the sale of credit related l i f e and accident and health or decreasing or level (in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of credit related property and casualty insurance protecting real and personal property which w i l l serve as collateral to secure an extension of credit to the extent permissible under applicable State insurance laws and regulations; the sale of mortgage l i f e and mortgage disability insurance directly related to extensions of mortgage loans; the case of consumer oriented financial management courses; and the servicing, for any person, of loans and other extensions of credit; credit related l i f e , accident and health insurance may be written by Family Guardian Life Insurance Company, an a f f i l i a t e of Citicorp Person-to-Person Financial Center, Inc. and Citicorp Homeowners, Inc.) at 1254 Old Orchard Center, Manchester, Missouri, through its subsidiaries, Citicorp Person-to-Person Financial Center, Inc. and Citicorp Homeowners, Inc., the service area for both offices will include the entire States of Missouri and I l l i n o i s (1/27/82) 3/ New York Citicorp, New York, New York, requestspermission to relocate an existing office of its subsidiary, Citicorp Homeowners, Inc. (Delaware) and to expand the activities of an existing office of i t s subsidiary, Citicorp Person-to-Person Financial Center, Inc. engaging in the following activities (the making or acquiring of loans and other extensions of credit, secured or unsecured, for consumer and other purposes; the making, acquiring, and servicing, for its own account and for the account of others, of extensions of credit to individuals secured by liens on residential or non-residential real estate; the extension of loans to dealers for the financing of inventory (floor planning) and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of credit related l i f e and accident and health 3/ 4(c)(8) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 5 - 10 - ACTIONS OF THE BQARD-Continued or decreasing or level ( i n the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of c r e d i t related property and casualty insurance protecting real and personal property which w i l l serve as c o l l a t e r a l to secure an extension of credit to the extent permissible under applicable State insurance laws and regulations; the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related to extensions of mortgage loans; the sale of consumer oriented fi n a n ci a l management courses; and the servicing f o r any person, of loans and other extensions of c r e d i t ; c r e d i t related l i f e , accident and health insurance may be w r i t t e n by Family Guardian Life Insurance Company, an a f f i l i a t e of Citicorp Person-to-Person Financial Center, Inc. and Citicorp Homeowners, Inc.) at Woodcrest Center Building, 12101 Woodcrest Executive Drive, St. Louis, Missouri, through i t s subsidiaries, Citicorp Person-to-Person Financial Center, Inc. and Citicorp Homeowners, I n c . , the service area f o r both o f f i c e s w i l l include the e n t i r e States of Missouri and I l l i n o i s (1/27/82) 3/ Cleveland Pittsburgh National Corporation, Pittsburgh, Pennsyvlania, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring, for i t s own account or for the account of others, loans and other extensions of c r e d i t ) at 2200 Century Parkway NE, Suite 30, Atlanta, Georgia, serving the States of Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and V i r g i n i a , through i t s subsidiary, Pittsburgh National Commercial Corporation (1/30/82) 3/ Chicago NBD Bancorp, I n c . , D e t r o i t , Michigan, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (performing or carrying on any one or more functions or a c t i v i t i e s that may be performed or carried on by a t r u s t company including a c t i v i t i e s of a f i d u c i a r y , agency or custodian nature) at 1920 Palm Beach Lakes Boulevard, West Palm Beach, Florida, the geographic area to be served i s the State of Florida, through a subsidiary, NBD Trust Company of Florida, N.A. (1/29/82) 3/ 3/ 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 5 - 11 ACTIONS OF THE BOARD-Continued San Francisco BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (making loans and other extensions of credit and acquiring loans, p a r t i c i p a t i o n s in loans and other extensions of c r e d i t such as would be made or acquired by a finance company; such a c t i v i t i e s w i l l include, but not be l i m i t e d t o , inventory and accounts receivable financing; equipment financing; insurance premium financing; making loans to n o n - a f f i l i a t e d finance and leasing companies secured by pledges of accounts receivable of such companies; making loans secured by real or personal property; and purchasing r e t a i l installment sales contracts; in addition, BA Commercial Corporation proposes to engage in the a c t i v i t i e s of servicing loans, participations of loans and other extensions of c r e d i t for i t s e l f and others in connection with extensions of c r e d i t made or acquired by BA Commercial Corporation; c r e d i t related insurance w i l l not be offered by BA Commercial Corporation in connection with i t s lending a c t i v i t i e s ) at 50 Milk S t r e e t , Boston, Massachusetts, serving a l l f i f t y States and the D i s t r i c t of Columbia, through i t s i n d i r e c t subsidiary, BA Commercial Corporat i o n (a Pennsylvania Corporation) (1/30/82) 3/ San Francisco Peoples Ban Corporation, Seattle, Washington, n o t i f i c a t i o n of intent t o (engage in data processing services to commercial banks and t h r i f t i n s t i t u t i o n s in Oregon that are correspondents of Peoples National Bank, another subsidiary of Peoples Ban Corporation) at Clackamas Professional Building, 9123 S.E. St. Helen Street, Clackamas, Oregon, the geographic area to be served by t h i s o f f i c e i s the State of Oregon, through i t s subsidiary, Peoples Computer Services, I n c . , (1/27/82) 3/ San Francisco Security Pacific Corporation, Los Angeles, C a l i f o r n i a , not i f i c a t i o n of intent t o engage i n de novo a c t i v i t i e s (mak ing or acquiring f o r i t s own account or for the account of others, loans and extensions of credit including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions of c r e d i t such as would be made by a factoring company or a consumer finance company; and acting as broker or agent for the sale of c r e d i t l i f e and c r e d i t accident and health insurance) at 810(A) Main Street, Toms River, New Jersey, serving the State of New Jersey, through i t s subsidiary, Security P a c i f i c Finance Corp. (1/29/82) 3/ 3/ 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . I H.2, 1982 No. 5 - 12 APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Philadelphia Girard Bank, Bald Cynwyd, Pennsylvania. To establish an offsite electronic f a c i l i t y at Weathervane Commons, Almshouse Road and Temperance Lane, Richboro, Pennsylvania. 2/ At l i n t a Hanover Bank of Florida, Plantation, Florida. To establish a branch located at the southwest corner of 99th Way and West Sample Road, Coral Springs, Florida. 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act hu<* :v Northwest Bank of Winnebaco County, Rock f o r d , I l l i n o i s . 2/ * * * * * To Merge Pursuant t o Section 18(c) of the Federal Reserve Act New York F i d e l i t y Union Bank, Newark, New Jersey, to merge F i d e l i t y Union Bank, N.A., Red Bank, and F i d e l i t y Union Bank, N.A., Garden State, Paramus, New Jersey. 2/ vlevel and The Toledo Trust Company, Toledo, Ohio, to merge with The Peoples Bank, Carey, Ohio. 2/ * * * * * Applications and Notifications for 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 Chicago Continental International Finance Corporation, Chicago, I l l i n o i s : prior notification of its intent to make an 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. I H.2, 1962* Mo. 5 - 13 APPLICATIONS RECE1VEO-Continued additional investment in Commercial Continental Limited, Sydney, A u s t r a l i a , To Establish an Overseas Branch of Member Bank Pursuant to Section 25 of the Federal Reserve Act New York Manufacturers Hanover Trust Company, New York, New York: p r i o r n o t i f i c a t i o n of i t s intent to open an i n i t i a l branch in Taipei, Taiwan, Republic of China. To Establish a Branch of an Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act icapoHs Northwest International Bank, Minneapolis, Minnesota: requests consent to establish a Miami branch of Northwest International Bank. To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Philadelphia Jefferson Bancorporation, I n c . , Haverford, Pennsylvania, for approval to acquire 100 percent of the voting shares of Jefferson Bank, Haverford, Pennsylvania, y Atlanta Country Bank Company, Forsyth, Georgia, f o r approval to acquire 100 percent of the voting shares of Monroe County Bank, Forsyth, Georgia. 2/ At 1 mia Guaranty Commerce Corporation, Alexandria, Louisiana, for approval to acquire at least 80 percent of the voting shares of Guaranty Bank & Trust Company, Alexandria, Louisiana. 2/ 2/ Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 5 - 14 ACTIONS OF THE BOARD-Continued Atlanta United Southern Bancorp, St. Petersburg, Florida, f o r approval to acquire at least 90 percent of the voting shares of United Southern Bank, St. Petersburg, Florida. ZJ Chicago Central of I l l i n o i s , I n c . , S t e r l i n g , I l l i n o i s , f o r approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger to The Central National Bank of S t e r l i n g , S t e r l i n g , I l l i n o i s . 2J Chicago FIRST HARVEY BANC CORPORATION, River Forest, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of F i r s t National Bank in Harvey, Harvey, I l l i n o i s . 2/ Chicago Fort Wayne National Corporation, Fort Wayne, Indiana, f o r approval to acquire 100 percent of the voting shares of the successor by merger to Fort Wayne National Bank, Fort Wayne, Indiana. 2J Chicago ILB Financial Corp., North Manchester, Indiana, f o r approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger to Indiana Lawrence Bank & Trust Company, North Manchester, Indiana. 2/ Chicago Ireton Bancorp, I r e t o n , Iowa, f o r approval to acquire at least 80 percent of the voting shres of Security Savings Bank, Ireton, Iowa. 2J Chicago Thurman State Corporation, Thurman, Iowa, f o r approval to acquire at least 89 percent of the voting shares of Thurman State Bank, Thurman, Iowa. 2/ St. Louis Country Bancshares, I n c . , H u l l , I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of State Bank of H u l l , H u l l , I l l i n o i s . 2J St. Louis F i r s t Charter Bancshares, I n c . , Springdale, Arkansas, f o r approval to acquire at least 80 percent of the voting shares of F i r s t State Bank, Springdale, Arkansas. 2/ Kansas City Indian Springs Bancshares, I n c . , Kansas C i t y , Kansas, for approval to acquire at least 80 percent of the voting shares of Indian Springs State Bank, Kansas C i t y , Kansas. 2/ 2J Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. I H.2, 1982 No. 5 15 APPLICATIONS RECEIVED-Continued Kansas City Kansas Bancorp I I , I n c . , Concordia, Kansas, for approval t o acquire 100 percent of the voting shares of Kansas Bancorp, I n c . , Concordia, Kansas, and i n d i r e c t l y acquire at least 80 percent of F i r s t Bank and Trust, Concordia, Kansas. 2/ Dallas Brady National Holding Company, I n c . , Brany, Texas, for approval to acquire at least 80 percent of the voting shares of The Brady National Bank, Brady, Texas. 2/ Dallas The Roxton Corporation, Roxton, Texas, for approval to acquire 100 percent of the voting shares of Roxton Bancshares, I n c . , Roxton, Texas,ncmd i n d i r e c t l y acquire 95 percent of the F i r s t Bank, Roxton, Texas. 2/ DA]las San Saba National Corporation, San Saba, Texas, for approval to acquire at least 80 percent of the voting shares of The San Saba National Bank, San Saba, Texas. 2/ San Francisco BWC Financial Corp., Walnut Creek, C a l i f o r n i a , f o r approval to acquire 100 percent of the voting shares of Bank of Walnut Creek, Creek, C a l i f o r n i a . 2/ San Francisco Capitol Commerce Corporation, Sacramento, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of Capitol Bank of Commerce, Sacramento, C a l i f o r n i a . 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Atlanta Florida National Banks of Florida, I n c . , Jacksonville, Florida, f o r approval to acquire at least 70 percent of the voting shares of Peoples Bank of St. Augustine, St. Augustine (P.O. St. Johns County), Florida. 2/ Dallas CB&T Bancshares, I n c . , Cleveland, Texas, for approval t o acquire 100 percent of the voting shares of Park National Bank, Porter, Texas, a proposed new bank. 2J Dallas F i r s t Abilene Bankshares, I n c . , Abilene, Texas, for approval to acquire at least 80 percent of the voting shares of Eastland National Bank, Eastland, Texas. 2/ 2J Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. 1 H.2, 1982 NO. 5 - 1 6 - APPLICATIONS RECEIVED-Continued Dallas Mercantile Texas Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of Gessner Southwest Bank & Trust, Houston, Texas. 2/ * * * * * To Retain Bank Shares Acquired in a Fiduciary Capacity Pursuant to Section 3 of the Bank Holding Company Act of 1956 _________ San Francisco Security Pacific Corporation, Los Angeles, C a l i f o r n i a , f o r approval to retain 6.7 percent of the outstanding voting shares of United States Trust Corporation, acquired in a f i d u c i a r y capacity by the t r u s t department of a wholly-owned subsidiary, Security Pacific National Bank. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 New York F i r s t National Boston Corporation, Boston, Massachusetts, n o t i f i c a t i o n of intent t o engage i n de novo a c t i v i t i e s ( ( i ) providing bookeeping and data processing services for the internal operation of a single named bank and ( i i ) storing and processing banking financial or related data (including demand deposit, savings, direct and i n direct installment loans, commercial loans, mortgages, general ledger and central information accounting) for such bank and i n d i r e c t l y for i n s t i t u t i o n s who may enter into a data processing agreement with such bank) at 101 East Flagler Street, Miami, Florida, serving the state of F l o r i d a , through i t s subsidiary, FBC, Inc. (1/29/82) New York The Chase Manhattan Corporation, New York, New York, requests permission to establish a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acquiring, f o r i t s own account and for the account of others, loans and other extensions of c r e d i t , both secured and unsecured including, but not l i m i t e d t o , consumer and business lines of c r e d i t , 2/ Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. i H.2, 1982 No. 5 - 17 APPLICATIONS RECEIVEP-Continued installment loans f o r personal, household and business purposes and mortgage loans f o r personal, household and business purposes and mortgage loans secured by real property; s e r v i c i n g loans and other extensions of c r e d i t ; s e l l i n g t r a v e l e r s checks at r e t a i l ; a c t i n g as insurance agent or broker f o r c r e d i t l i f e insurance and c r e d i t accident and health insurance d i r e c t l y related to such lending and s e r v i c i n g a c t i v i t i e s ) at 100 Lincoln Place, Suite 122, Orlando, F l o r i d a , through i t s subsidiary, Chase Manhattan Financial Services, Inc. (1/29/82) Cleveland f i r s t Ohio Bancshares, I n c . , Toledo, Ohio, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s ( i n the underw r i t i n g on a reinsurance basis of c r e d i t l i f e and c r e d i t accident and health insurance d i r e c t l y related to extensions of c r e d i t by F i r s t Ohio Bancshares' lending subs i d i a r i e s ) at 1421 E. Thomas Road, Phoenix, Arizona, the immediate geographic area which w i l l be served and from which business w i l l be derived and/or s o l i c i t e d includes Lucas, Wood, Fulton and Henry Counties in the State of Ohio, through i t s subsidiary, F i r s t Ohio L i f e Insurance Co. (an Arizona corporation) (2/1/82) Richmond Dominion Bankshares Corporation, Roanoke, V i r g i n i a , n o t i f i cation of i n t e n t to engage i n de novo a c t i v i t i e s (acting as insurance agent or broker w i t h respect to the f o l l o w i n g types of insurance related to or a r i s i n g out of loans made or c r e d i t transactions i n v o l v i n g dominion bankshares mortgage corporation, a subsidiary of Dominion Bankshares Corporation; c r e d i t l i f e insurance, c r e d i t accident and health insurance and c r e d i t d i s a b i l i t y insurance; and nonconvertible term l i f e insurance) at 2001 Augustine Avenue, Fredericksburg, V i r g i n i a , through i t s subsidiary. Dominion Bankshares Services, Inc. (1/29/82) Richmond James Madison, Limited, Washington, D.C., f o r approval t o acquire 100 percent of the voting shares of A.E. Landvoigt, Inc., Fairfax, Virginia. Chicago Thurman State Corporation, Thurman, Iowa, f o r approval t o engage in general insurance a c t i v i t i e s in a community with a population of less than 5,000. Mirneapulis F i r s t Bank System, I n c . , Minneapolis, Minnesota, n o t i f i c a t i o n of i n t e n t to expand t o de novo a c t i v i t i e s ((1) leasing personal property consisting of the f o l l o w i n g types of equipment: a g r i c u l t u r a l , c o n s t r u c t i o n , communication, data processing, hospital health care, manufacturing, mining, o f f i c e and other r e l a t e d types of general equipment, a l l such leases t o be on a f u l l payout basis in accordance w i t h the provisions of Section 225.4(a)(6) of Regulation Y under the Bank Holding H.Z, :o. 5 -18APPLICATIQNS RECEIVED-Continued Company Act, and (2) acting as agent, broker or adviser i n the leasing of real or personal property, as provided i n Section 2 2 5 . 4 ( a ) ( 6 ) of said Regulation Y) at 303 North Broadway, B i l l i n g s , Montana, serving the Montana, Wyoming and Western North Dakota market areas, through a subsidiary, FBS F i n a n c i a l , Inc. (1/26/82) Kansas City Devonshire Investment Company, Bethany, Oklahoma, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s ( i n s e l l i n g reducing term, j o i n t and s i n g l e , c r e d i t l i f e insurance in connection with demand and single payment c r e d i t , and c r e d i t - r e l a t e d accident and health insurance d i r e c t l y related to extensions of c r e d i t by Devonshire Investment Company, Bethany, Oklahoma an i t s subsidiary bank, F i r s t National Bank of Bethany, Bethany, Oklahoma) at 6500 N.W. 39th Street Expressway, and 3808 N. Peniel (Bethany Bank Tower), the geographic area t o be served by these o f f i c e s includes Western Oklahoma and Eastern Canadian counties in Oklahoma, including the c i t i e s of Bethany, Warr Acres, Yukin, V i l l a g e , Nichols H i l l s , and part of Oklahoma C i t y , a l l in Oklahoma, through a s u b s i d i a r y , Devinco Credit Insurance Agency, Inc. ( 1 / 2 7 / 8 2 ) Kansas City Firstbank Holding Company and Firstbank Holding Company of Colorado, both of Lakewood, Colorado, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (the issuance of t r a v e l e r s checks) through i t s subsidiary banks as f o l l o w s : Fi rstbank of Westland, N.A., 10403 West Colfax Avenue, Lakewood, Colorado; Firstbank of V a i l , 17 Vail Road, V a i l , Colorado; Firstbank of Wheat Ridge, N.A., 44th and Wadsworth Boulevard, Wheat Ridge, Colorado; Firstbank of E r i e , 515 Briggs, E r i e , Colorado; Firstbank of Minturn, 472 Main S t r e e t , Minturn, Colorado; Firstbank of North Longmont, N.A., 1707 North Main S t r e e t , Longmont, Colorado; Firstbank of Gunbarrel, N.A., 6500 Lockout Road, Boulder, Colorado; Firstbank of Castle Rock N.A., 221 Wilcox S t r e e t , Castle Rock, Colorado; Firstbank of Academy Park, 3500 South Wadsworth Boulevard, Lakewood, Colorado; Firstbank of South Longmont, N.A., 600 Florida Avenue, Longmont, Colorado; F i r s t Bank of West Arvada, N.A., 64th and Ward Road, Arvada, Colorado; Firstbank of Governor's Ranch, N.A., 5125 South K i p l i n g S t r e e t , L i t t l e t o n , Colorado; Firstbank of V i l l a I t a l i a , N.A., 7083 West Alameda Avenue, Lakewood, Colorado; Firstbank of Avon, 0182 Avon Road, Avon Colorado; and Vail Firstbank I n d u s t r i a l Bank, V a i l , Colorado; the geographic area to be served by these o f f i c e s includes the f o l l o w i n g counties i n Colorado; J e f f e r s o n , Eagle, Weld, Boulder, Douglas and Denver (1/25/82) H.2, 1982 No. 5 - 19 APPLICATIONS RECEIVED-Continued Dallas Mercantile Texas Corporation, Dallas, Texas, notification of intent to engage in de novo activities (in acting as an investment and financial adviser principally with respect to o i l , gas and mineral interests and performing any acti v i t i e s necessary or incidental thereto; in making and servicing loans to energy development and exploration companies; in leasing personal and real property and acting as agency, broker, or adviser in leasing such property; and in performing real estate appraisals, to the extent set forth in Section 225.4(a)(1), 225.4(a)(3), 225. 4 ( a ) ( 5 ) , 225.4(a)(6) and 225.4(a)(14) of Regulaton Y) at 1704 Main Street, Dallas County, Dallas, Texas, through its wholly-owned subsidiary, Mercantile Energy Corporation (1/26/82) San Francisco Heritage Bancorp, Anaheim, California, notification of intent to engage in de novo activities (making real estate mortgage loans and servicing real estate construction and mortgage loans) at 2171 Campus Drive, Irvine, California, serving the southern California area, through its direct subsidiary, Heritage Mortgage Corporation (1/25/82) San Francisco Seafirst Corporation, Seattle, Washington, notification of intent to engage in de novo activities (in industrial banking activities as authorized by Colorado law; such activities will include a accepting deposits as authorized for industrial banks by Colorado law, making loans and other extensions of credit, including personal credit lines, both secured and unsecured, second mortgages, and small business loans; and acting as an agent or broker for the sale of credit l i f e , accident and health insurance directly related to its extensions of credit) at South Colorado Boulevard & East Exposition Avenue, Denver, Colorado, through its subsidiary, Seafirst Belcaro Industrial Bank and within one-half mile of 16th Street & Larimer Street, Denver, Colorado, through i t s subsidiary, Seafirst Larimer Square Industrial Bank (1/26/82) * * * * * REPORTS RECEIVED Ownership Statement Filed Pursuant to Section 13(d) of the Securities Exchange Act United Counties Trust Company, Summit, New Jersey (Filed by Robert R. Storch) H.2, 1982 No. 5 - 20 APPLICATIONS RECEIVED-Continued The City Bank Company, Lorain, Ohio (Filed by Billy S. Rowland) Bank of Suffolk, Suffolk, Virginia (Filed by G.P. Jackson) (Filed by E.V. Stephenson, J r . ) * * * * * PETITIONS FOR RULEMAKING None.
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