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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1987, No. 5 Actions of the Board Applications and Reports Received During the Week Ending January 31, 1987 ACTIONS OF THE BOARD Statement by Governor Angell before the House Committee on Banking, Finance and Urban Affairs on the issued of delayed availability, specifically on H.R. 28, the "Expedited Funds Availability Act," dealing with the check hold practices of some depository institutions and with inefficiencies of the return item process. Announcement that the temporary simplified seasonal credit program has been extended through 1987, which is designed to make funds available to small and mid-sized agricultural banks experiencing unusually strong loan demands. Request for comment on a proposed amendment to Regulation Y implementing amendments to the Change in Bank Control Act required by Anti-Drug Abuse Act of 1986, to require federal banking agencies to publish notice of any filing made under the CBCA to acquire Control of a bank or bank holding company (R-0595) . Announcement of appointment of six members to its Thrift Institutions Advisory Council (TIAC) to replace those members whose terms have expired, and designation of Michael R. Wise as President and Jamie J. Jackson as Vice President of the Council. 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1987, No. 5 2 ACTIONS OF THE BOARD - Continued Boston Amoskeag Bank Shares, Inc., Manchester, New Hampshire — extension to May 3, 1987, to acquire Portsmouth Savings Bank, Portsmouth, New Hampshire. 1/ Boston Camden National Bank, Camden, Maine — proposed acquisition of the Belfast, Maine office of Norstar Bank of Maine, Portland, Maine — report to the Comptroller of the Currency on competitive factors. 1/ Boston First Service Bank for Savings, Leominster, Massachusetts — proposed purchase of the assets and assumption of the deposit liabilities of the Athol, Massachusetts, office of Guaranty Bank and Trust Company, Worcester, Massachusetts, and the Williamstown, Massachusetts, offices of Bank of New England-West, N.A., Springfield, Massachusetts — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ New York The North Fork Bank and Trust Company, Mattituck, New York — proposed purchase of the assets and assumption of the liability to pay deposits made in the Main Street, and Roanoke Branches of Anchor Savings Bank FSB Hewlett, New York — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Philadelphia Independence Bancorp, Inc., Perkasie, Pennsylvania — extension to April 29, 1987, to acquire Third National Bank and Trust Company of Scranton, Scranton, Pennsylvania — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Philadelphia First Eastern Corporation, Wilkes-Barre, Pennsylvania — extension to dispose of certain assets. 1/ Atlanta Mississippi River Bancshares, Ltd., Belle Chassee, Louisiana — extension to April 22, 1987, to acquire Mississippi River Bank. 1/ Atlanta Vermilion Bancshares Corporation, Kaplan, Louisiana — extension to May 8, 1987, to acquire Vermilion Bank & Trust Company. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1987, No. 5 3 ACTIONS OF THE BOARD - Continued Chicago 1st Community Bancorp, Inc., Springfield, Illinois — extension to April 22, 1987, to acquire Sparta State Bank. 1/ Chicago Illini Community Bancorp, Inc., Springfield, Illinois — extension to April 24, 1987, to acquire Peoples National Bank of Springfield. 1/ Chicago Hi - Bancorp, Inc., Highwood, Illinois — extension to April 30, 1987, to acquire GNP Bancorp, Inc., Mundelein, Illinois, and New Century Bank. 1/ St. Louis Weldon Spring Bank, Weldon Spring, Missouri — proposed merger with The Bank of Charles County — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Dallas PSB Financial Corporation, Many, Louisiana — extension to March 24, 1987, to acquire PSB Mortgage Corporation. 1/ Dallas UB&T Bancshares, Inc., Abilene, Texas — extension to May 5, 1987, to acquire United Bank & Trust, Abilene, Texas. 1/ Dallas Commonwealth Bancorp, Inc., Arlington, Texas — extension to April 24, 1987, to acquire Commonwealth Services, Inc., 1/ * * * * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Approved Richmond First Virginia Bank, Falls Church, Virginia — to establish a branch at 12429 Hedges Run Drive, Lake Ridge, Virginia. 1/ (1/30/87) Atlanta Colonial Bank, Montgomery, Alabama — to establish a branch at the intersection of Bell Road and Vaughn Road, Montgomery, Alabama, to be known as the Bell Road Branch. 1/ (1/26/87) 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1987, No. 5 4 ACTIONS OF THE BOARD - Continued Atlanta Colonial Bank, Montgomery, Alabama — to establish a branch on McGehee Road at McGehee Place, Montgomery, Alabama, to be known as The McGehee Place Branch. 1/ (1/26/87) Atlanta Colonial Bank, Montgomery, Alabama — to relocate the main office to One Commerce Place, Montgomery, Alabama, and retain the present main office as a branch office to be known as the Perry Street Branch. 1/ (1/26/87) Atlanta Columbia Bank of Tampa, Tampa, Florida — to establish a branch at 1020 U.S. Highway 41 North, Ruskin, Florida, to be known as The Columbia Bank of Tampa, Ruskin Branch. 1/ (1/27/87) * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Approved Atlanta Madison County Bank, New Hope, Alabama. (1/28/87) 1/ Atlanta Morgan County Bank, Falkville, Alabama. (1/28/87) 1/ Dallas Watauga State Bank, Watauga, Texas (a proposed new bank) 1/ (1/28/87) * * * * * To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Approved Chicago 1/ M&I Marshall & Ilsley Bank, Milwaukee, Wisconsin — to merge with M&I Bay View State Bank, Milwaukee, Wisconsin; M&I Silver Spring Bank, Milwaukee, Wisconsin, and M&I Bank of Greenfield, Greenfield, Wisconsin. 1/ (1/30/87) Application processed on behalf of the Board of Governors under delegated authority. H.2, 1987, No. 5 5 ACTIONS OF THE BOARD - Continued * * * * * 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), 4(c)(13) and 4(c)(14) of the Bank Holding Company Act of 1956, as amended Forty-Five Day Notification Period Allowed to Expire New York Bankers Trust New York Corporation, New York, New York — to invest in BT (Pacific) Limited, a Delaware corporation with offices located in New York, New York. (1/25/87) * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Approved Cleveland Blue Grass Acquisition Corporation, Lexington, Kentucky — for approval to acquire 100 percent of the voting shares of Citizens Fidelity Corporation, Louisville, Kentucky and indirectly Citizens Fidelity Bank and Trust Company, Louisville, Kentucky; Citizens Fidelity Bank and Trust Company, Lexington, Lexington, Kentucky, Citizens Fidelity Bank and Trust Company Hardin County, Elizabethtown, Kentucky; Citizens Fidelity Bank Winchester, Winchester, Kentucky. (1/28/87) Atlanta C N B , Inc., Lake City, Florida — for approval to acquire 100 percent of the voting shares of Community National Bank, Lake City, Florida. 1/ (1/28/87) Chicago Empire Banc Corporation, Traverse City, Michigan — for approval to acquire 100 percent of the voting shares of The Empire National Bank of Traverse City, Traverse City, Michigan. 1/ (1/29/87) 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1987, No. 5 6 ACTIONS OF THE BOARD - Continued Chicago First Apple River Corporation, Apple River, Illinois — for approval to acquire 100 percent of the voting shares of Apple River State. Bank, Apple River, Illinois. 1/ (1/15/87) Chicago NBD Valley Corporation, Detroit, Michigan — for approval to acquire 100 percent of the voting shares of USAmeribancs, Inc., Highland Park, Illinois and indirectly USAMERIBANC/Chicago, Chicago, Illinois; USAMERIBANC/Elk Grove, Elk Grove Village, Illinois; The First National Bank of Highland Park, Highland Park, Illinois, Citizens Bank & Trust Company, Park Ridge, Illinois; USAMERICBANC/Woodfield, Schaumburg, Illinois, and First National Bank of Skokie, Skokie, Illinois. 1/ (1/27/87) Chicago WFC, Inc., Waukon, Iowa — for approval to acquire 98.71 percent of Waukon State Bank, Waukon, Iowa. 1/ (1/29/87) Minneapolis The First National Bank at St. James ESOP and Trust, St. James, Minnesota^— for approval to acquire 26.2 percent of the voting shares of The First National Agency at St. James, Inc., St. James, Minnesota and indirectly The First National Bank at St. James, St. James, Minnesota. 1/ (1/26/87) Minneapolis The First National Agency at St. James, Inc., St. James, Minnesota — for approval to acquire 85.8 percent of the voting shares of The First National Bank at St. James, St. James, Minnesota. 1/ (1/26/87) Kansas City AmBank Holding Company of Colorado, St. Paul, Minnesota — for approval to acquire 100 percent of the voting shares of AmBank Holding Company, St. Paul, Minnesota and indirectly American National Bank of Arizona, Scottsdale, Arizona; Burns Bancorporation, Inc., St. Paul, Minnesota and indirectly Burns National Bank of Durango, Durango, Colorado; FAB Bancorporation, Inc., St. Paul, Minnesota and indirectly FirstAmerican Bank, N.A., Colorado Springs, Colorado. (1/27/87) Dallas Cooper Lake Financial Corporation, Cooper, Texas — for approval to acquire 80 percent of the voting shares of First National Bank in Cooper, Cooper, Texas. 1/ (1/27/87) 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1987* No. 5 7 ACTIONS OP THE BOARD - Continued San Francisco Maui Bancshares, Inc., Tacoma, Washington — for approval to acquire 100 percent of the voting shares of Bank of Maui, N.A., Kahului, Maui, Hawaii. (1/27/87) * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Approved Boston UST Corp., Boston, Massachusetts — for approval to acquire 100 percent of the voting shares of The Valley Bank and Trust Company, Bridgeport, Connecticut. 1/ (1/29/87) Cleveland PNC Financial Corp., Pittsburgh, Pennsylvania — for approval to acquire 100 percent of the voting shares of Citizens Fidelity Corporation, Louisville, Kentucky and indirectly Citizens Fidelity Bank and Trust Company, Louisville, Kentucky; Citizens Bank and Trust Company, Lexington, Lexington, Kentucky; Citizens Fidelity Bank and Trust Company Hardin County, Elizabethtown, Kentucky; Citizens Fidelity Bank Winchester, Winchester, Kentucky. (1/28/87) Atlanta Community Bancshares, Inc., Blountsville, Alabama — for approval to acquire 100 percent of the voting shares of Morgan County Bank, Falkville, Alabama, a proposed new bank. 1/ (1/28/87) Atlanta Community Bancshares, Inc., Blountsville, Alabama — for approval to acquire 100 percent of the voting shares of Madison County Bank, New Hope, Alabama, a proposed new bank. 1/ (1/28/87) Atlanta Southland Bancorporation, Clayton, Alabama — for approval to acquire 100 percent of the voting shares of Southland Bank of Dothan, Dothan, Alabama. 1/ (1/30/87) 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1987, No. 5 8 ACTIONS OF THE BOARD - Continued Chicago NBD Bancorp, Inc., Detroit, Michigan — to acquire 100 percent of the voting shares of USAmeribancs, Inc., Highland Park, Illinois and indirectly acquire USAMERIBANC/Chicago, Chicago, Illinois; USAMERIBANC/Elk Grove, Elk Grove Park, Illinois, Citizens Bank & Trust Company, Park Ridge, Illinois; USAMERIBANC/Woodfield, Schaumburg, Illinois, and First National Bank of Skokie, Skokie, Illinois. 1/ (1/27/87) San Francisco Rainier Bancorporation, Seattle, Washington — for approval to acquire 100 percent of the voting shares of United Bank, A Savings Bank, Tacoma, Washington. (1/29/87) * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Returned New York The Norinchukin Bank, Ltd., Tokyo, Japan — to continue to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company; commercial finance company; engaging in full pay-out personal property leasing) through its subsidiary, Kyodo Leasing America, Inc., 3/ (1/14/87) Cleveland Trustcorp, Inc., Toledo, Ohio — to engage de novo (tax planning and preparatin) through the Toledo Trust Company, Toledo, Ohio. 3/ (1/28/87) * * * * * Approved Cleveland Blue Grass Acquisition Corporation, Lexington, Kentucky — to acquire CFC Financial Services, Inc., Louisville, Kentucky and engage in data processing and data transmission services for financial institutions and bank card merchants. (1/28/87) 1/ Application processed on behalf of the Board of Governors under delegated authority. 3/ Notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. B.2, 1987, No. 5 9 ACTIONS OP THE BOARD - Continued Cleveland Blue Grass Acquisition Corporation, Lexington, Kentucky — to acquire Citizens Fidelity Capital Markets, Inc., Louisville, Kentucky and engage in discount brokerage services and underwriting and dealing in government obligations and money market instruments. (1/28/87) Cleveland Blue Grass Acquisition Corporation, Lexington, Kentucky — to acquire Citizens Fidelity Leasing Corporation, Louisville, Kentucky and engage in leasing personal property. (1/28/87) Cleveland Blue Grass Acquisition Corporation, Lexington, Kentucky — to acquire Citizens Fidelity (Ohio), N.A., Cincinnati, Ohio and engage in credit-card loans. (1/28/87) Cleveland PNC Financial Corp., Pittsburg, Pennsylvania — to acquire Citizens Fidelity Capital Markets, Inc., Louisville, Kentucky and engage in discount brokerage services and underwriting and dealing in government obligations and money market instruments. (1/28/87) Cleveland PNC Financial Corp., Pittsburgh, Pennsylvania — to acquire Citizens Fidelity Leasing Corporation, Louisville, Kentucky and engage in leasing persona-l property. (1/28/87) Cleveland PNC Financial Corp., Pittsburg, Pennsylvania — to acquire CFC Financial Services, Inc., Louisville, Kentucky and engage in data processing and data transmission services for financial institutions and bank card merchants. (1/28/87) Cleveland PNC Financial Corp., Pittsburg, Pennsylvania — to acquire Citizens Fidelity (Ohio), N.A., Cincinnati, Ohio and engage in credit-card loans. (1/28/87) St. Louis Citizens Financial Group, Inc., New Haven, Missouri — to acquire Gerding Insurance Agency, New Haven, Missouri and engage in selling and servicing multi-line life and casualty insurance products in a community with a population of less than 5,000. 1/ (1/26/87) H.2, 1987, No. 5 10 ACTIONS OP THE BOARD - Continued Minneapolis The First National Agency at St. James, Inc., St. James, Minnesota — for approval to engage in general insurance agency activities in a community with a population of less than 5,000 persons. 1/ (1/26/87) Minneapolis The First National Bank at St. James ESOP and Trust, St. James, Minnesota — for approval to acquire First National Agency at St. James, Inc., St. James, Minnesota and indirectly engage in general insurance activities in a community with a population of less than 5,000 persons. 1/ (1/26/87) * * * * * Permitted Cleveland Huntington Bancshares Incorporated, Columbus, Ohio — to engage de novo (making, acquiring, and/or servicing loans for itself or for others of the type made by a mortgage company) through its subsidiary, Huntington Mortgage Company, Columbus, Ohio. The activities will be conducted throughout the United States. 3/ (1/30/87) Richmond Signet Banking Corporation, Richmond, Virginia — to engage de novo (tax planning and preparation) through its subsidiary, Landmark Financial Services, Inc., Silver Spring, Maryland. The activities would be conducted nationwide. 3/ (1/29/87) Richmond South Carolina National Corporation, Columbia, South Carolina — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a consumer finance company; selling credit life, disability, or involuntary unemployment insurance; pursuant to Section 4(c)(8)(d) of the Bank Holding Company Act selling property and casualty insurance related to an extension of credit any insurance agency activity engaged in by a bank holding company or a subsidiary on or before May 1, 1982) through its subsidiary, Provident Financial Corporation, Columbia, South Carolina. The consumer finance and credit life, disability, or involuntary unemployment insurance activities would be conducted nationwide. 3/ (1/29/87) 1/ Application processed on behalf of the Board of Governors under delegated authority. 3/ Notification processed by Reserve Bank on behalf of the Board of Governors under defecated authority H.2, 1987, No. 5 11 ACTIONS OP THE BOARD - Continued Chicago Cole-Taylor Financial Group, Inc., Northbrook, Illinois — to engage de novo (engaging in the activities of a trust company of a fiduciary, agency, or custodial nature; tax planning and preparation) through its subsidiary, Cole-Taylor Trust Company, Northbrook, Illinois. The geographic area to be served will be the Chicago SMSA. The area could later be expanded as and when public acceptance may demonstrate a profitable market. 3/ (1/30/87) St. Louis Falkner Capital Corporation, Falkner, Mississippi — to engage de novo (selling credit life, disability, or involuntary unemployment insurance) through its subsidiary, Bank of Falkner, Falkner, Mississippi. The geographic area to be served will be the County of Tippah. 3/ (1/29/87) Kansas City Douglass Bancorp, Inc., Kansas City, Kansas — to engage de novo (tax planning and preparation). The activity will be conducted in the Kansas City metropolitan areas in both Kansas and Missouri. 3/ (1/30/87) * * * * * Redemption of Shares Approved Minneapolis Liberty Bancorporation Inc., Powers Lake, North Dakota. 1/ (1/30/87) * * * * * Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 Approved Richmond Lake City Bancshares, Inc., Lake City, South Carolina. 1/ (1/28/87) Minneapolis Liberty Bancorporation, Inc., Power Lake, North Dakota. 1/ (1/30/87) 1/ Application processed on behalf of the Board of Governors under delegated authority. 3/ Notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1987, No. 5 12 ACTIONS OF THE BOARD - Continued Dallas Texas Bank of Plano, Plano, Texas. (1/27/87) Dallas Azle Bancorp., Azle, Texas. 1/ 1/ 1/ (1/28/87) Application processed on behalf of the Board of Governors under delegated authority. H.2, 1987, No. 5 13 APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received Cleveland New Waterford Bank, New Waterford, Ohio — establish a branch at 7295 Market Street, Boardman, Ohio. 2/ Chicago Chesterton State Bank, Chesterton, Indiana — to establish a branch office at 1209 Calumet Road, Valparaiso, Indiana. 2/ Chicago Commercial Bank, Greenville, Michigan — to establish a branch office in the 5800 block of South Greenville Road, Greenville, Michigan. 2/ Chicago First of America Bank - Central, Lansing, Michigan — to establish an offsite electronic facility at 1367 East Grand River Avenue, East Lansing, Michigan. 2/ Chicago Harris Trust and Savings Bank, Chicago, Illinois — to establish a bank facility at Presidential Towers, 555 W. Madison Street, Chicago, Illinois. 2/ St. Louis MidAmerica Bank and Trust Company of Alton, Alton, Illinois — to establish a branch at Highway 162 and McDonald Drive, Troy, Illinois. 2/ to * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Received San Francisco Bank of Fountain Hills, Fountain Hills, Arizona, (a proposed new bank). 2/ * * * * * 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. H . 2 , 1987,' No. 5 14 APPLICATIONS RECEIVED - Continued To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Received St. Louis Weldon Spring Bank, Weldon Spring, Missouri — to merge with The Bank of St. Charles County, Weldon Spring, Missouri, (a proposed new bank). 2/ Dallas Park National Bank, Porter, Texas — to merge with Cleveland Bank & Trust, Cleveland, Texas. 2/ Dallas Klein Bank-Cypresswood, N.A., Klein, Texas — to merge with Klein Bank, Klein, Texas. 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), 4(c)(13) and 4(c0(14) of the Bank Holding Company Act of 1956, as amended Received Chicago Merchants National Corporation, Indianapolis, Indiana — prior notification of its intent to establish a wholly-owned export trading company subsidiary to be known as Merchants Export Development Corporation. * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Boston Livermore Bankshares, Livermore Falls, Maine — to acquire Livermore Falls Trust Company, Livermore Falls, Maine. 2/ * * * * * 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. H.2, 1987, No. 5 15 APPLICATIONS RECEIVED - Continued To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received Cleveland First Intercity Banc Corporation, Cleveland, Ohio — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company) through its subsidiary, Firstco Mortgage Corporation, Cleveland, Ohio. (1/26/87) Cleveland Huntington Bancshares Incorporated, Columbus, Ohio — to engage de novo (underwriting home mortgage redemption insurance) through its subsidiary, Scioto Life Insurance Company, Columbus, Ohio. (1/26/87) Cleveland Huntington Bancshares Incorporated, Columbus, Ohio — to engage de novo (providing portfolio investment advice to any person; providing financial advice to state and local governments; underwriting and dealing in obligations of the United States, general obligations of states and political subdivisions, and other obligations in which state member banks are authorized to deal and underwrite) through a subsidiary, The Huntington Company, Columbus, Ohio. (1/26/87) Cleveland Trustcorp, Inc., Toledo, Ohio — to engage de novo (tax planning and preparation) through a de novo subsidiary. (1/27/87) Atlanta CB&T Bancshares, Inc., Columbus, Georgia — to engage de novo (providing portfolio investment advice to any person) through its subsidiary, Calumet Investors Advisors, Inc., Columbus, Georgia. (1/27/87) Atlanta SunTrust Banks, Inc., Atlanta, Georgia — to engage de novo in providing financial advisory services to issuers of municipal securities and to assist in the structuring of new issues of such securities through SunTrust Securities, Inc., Atlanta, Georgia. H.2, 1987, No. 5 16 APPLICATIONS RECEIVED - Continued Chicago AMCORE Financial/ Inc., Rockford, Illinois — to establish de novo subsidiary, Amcore Mortgage, Inc., Rockford, Illinois and to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company). (1/28/87) San Francisco Fidelity Bancorp, Scottsdale, Arizona — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a mortgage company; credit card company) through a yet-to-be named subsidiary. (1/27/87) San Francisco Security Pacific Corporation, Los Angeles, California — to acquire substantially all of the assets of Atlas Thrift of Nevada, Las Vegas, Nevada. San Francisco Wells Fargo & Company, San Francisco, California — to engage de novo (providing investment advice on financial futures and options on futures) through its subsidiary, Wells Fargo Investment Advisors, San Francisco, California. The activity will be conducted in San Francisco, California. (1/30/87)
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