Full text of H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received : July 11, 1981

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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
( H . 2 , 1981 No. 28)
A c t i o n s of t h e B o a r d ; A p p l i c a t i o n s and R e p o r t s
R e c e i v e d D u r i n g t h e Week E n d i n g J u l y 11, 1981
APPLICABLE
RESERVE BANK

ACTIONS OF THE BOARD
S t a t e m e n t by Governor L y l e E. Gramley b e f o r e t h e Subc o m m i t t e e on M o n o p o l i e s and Commercial Law, House
Committee on t h e J u d i c i a r y t o d i s c u s s r e c e n t m e r g e r s
within the f i n a n c i a l s e r v i c e s i n d u s t r y .
R e g u l a t i o n G, T and U, proposed r e v i s i o n s of B o a r d ' s
m a r g i n r e g u l a t i o n s ; comment r e q u e s t e d by S e p t e m b e r 15,
1981.
(Docket No. R-0362)

Chicago

B u f f a l o B a n c o r p o r a t i o n , B u f f a l o Grove, I l l i n o i s , e x t e n s i o n of t i m e t o September 10, 1981, w i t h i n which t o
become a bank h o l d i n g company t h r o u g h t h e a c q u i s i t i o n
of 51 p e r c e n t o r more of t h e v o t i n g s h a r e s of B u f f a l o
Grove N a t i o n a l Bank, B u f f a l o G r o v e , I l l i n o i s . _!/

Chicago

Commercial B a n c s h a r e s , I n c . , Champaign, I l l i n o i s , e x t e n s i o n of t i m e t o September 8 , 1981, w i t h i n which t o become
a bank h o l d i n g company t h r o u g h t h e a c q u i s i t i o n of 100
p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by m e r g e r
t o The Commercial Bank of Champaign, Champaign, I l l i n o i s .
1/

St. Louis

Financial Bancshares I n c . , S t . Louis, Missouri, e x t e n s i o n
of t i m e t o O c t o b e r 3 , 1981, w i t h i n which t o become a bank
h o l d i n g company t h r o u g h t h e a c q u i s i t i o n of Chippewa Bank,
S t . L o u i s , M i s s o u r i and C i t i z e n s Bank of D e x t e r , D e x t e r ,
M i s s o u r i ; and f o r Scmid B r o t h e r s I n v e s t m e n t Company, I n c . ,
S t . Louis, M i s s o u r i , to a c q u i r e F i n a n c i a l Bancshares, I n c . ,
S t . L o u i s , M i s s o u r i . JL/

Dallas

NBC B a n c s h a r e s , I n c . , A u s t i n , T e x a s , e x t e n s i o n of t i m e t o
August 7 , 1981, w i t h i n w h i c h t o consummate t h e a c q u i s i t i o n
of N a t i o n a l Bank of Commerce, A u s t i n , Texas and N a t i o n a l
Bank of Commerce-South, A u s t i n , T e x a s . 1/

V




A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of G o v e r n o r s u n d e r d e l e g a t e d
authority.

H.2 , 1981 No. 28
ACTIONS OF THE BOARD-Continued
Chicago

Seaway B a n c s h a r e s , I n c . , C h i c a g o , I l l i n o i s , e x t e n s i o n of time
t o O c t o b e r 6 , 1981, w i t h i n which t o become a bank h o l d i n g
company t h r o u g h t h e a c q u i s i t i o n of 100 p e r c e n t of t h e
v o t i n g s h a r e s of Seaway N a t i o n a l Bank of C h i c a g o , C h i c a g o ,
I l l i n o i s . JjV

Atlanta

Southwest Georgia F i n a n c i a l C o r p o r a t i o n , M o u l t r i e , G e o r g i a ,
e x t e n s i o n of t i m e t o O c t o b e r 1 1 , 1981, w i t h i n which t o
become a bank h o l d i n g company t h r o u g h t h e a c q u i s i t i o n of
M o u l t r i e N a t i o n a l Bank, M o u l t r i e , G e o r g i a . _1/

San
Francisco

Korea Exchange Bank a p p l i c a t i o n on b e h a l f of i t s p r o p o s e d
S e a t t l e b r a n c h t o e n t e r i n t o an a g r e e m e n t w i t h t h e F e d e r a l
R e s e r v e System t o r e c e i v e o n l y such d e p o s i t s as would be
p e r m i s s i b l e . _1/

San
Francisco

Camel Bank, I n c o r p o r a t e d , P h o e n i x , A r i z o n a ( i n o r g a n i z a t i o n ) ,
e x t e n s i o n of t i m e t o O c t o b e r 1, 1981, w i t h i n which t o
become a member bank i n t h e F e d e r a l R e s e r v e S y s t e m . _1/

Chicago

C i t i z e n s Bank and T r u s t Company, C l a r e , M i c h i g a n , e x t e n s i o n
of t i m e t o O c t o b e r 3 , 1981, w i t h i n which t o e s t a b l i s h a
b r a n c h a t 2370 West L u d i n g t o n D r i v e , F a r w e l l , S u r r y Township, Michigan. V

San
Francisco

F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los A n g e l e s , C a l i f o r n i a ,
e x t e n s i o n of t i m e t o J a n u a r y 18, 1982, w i t h i n which t o e s t a b l i s h a b r a n c h i n t h e v i c i n i t y of t h e i n t e r s e c t i o n of
F l o r i d a and S a n d e r s o n A v e n u e s , C a l i f o r n i a . 1/

San
Francisco

F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los A n g e l e s , C a l i f o r n i a ,
e x t e n s i o n of t i m e t o J a n u a r y 15, 1982, w i t h i n which t o
e s t a b l i s h a b r a n c h i n t h e v i c i n i t y of t h e i n t e r s e c t i o n of
t h e Pomona Freeway and Grove Avenue, O n t a r i o , C a l i f o r n i a .
1/

Atlanta

B a r n e t t Bank of L a k e l a n d , L a k e l a n d , F l o r i d a , p r o p o s e d merger
w i t h B a r n e t t Bank of E a s t P o l k C o u n t y , W i n t e r Haven,
F l o r i d a ; r e p o r t to the Federal Deposit Insurance Corporat i o n on c o m p e t i t i v e f a c t o r s . 1/

Atlanta

B a r n e t t Bank of Tampa, Tampa, F l o r i d a , p r o p o s e d m e r g e r w i t h
C a r r o l I w o o d S t a t e Bank, Tampa, F l o r i d a ; r e p o r t t o t h e
F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e
f a c t o r s . 1/

1/




A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of G o v e r n o r s u n d e r d e l e g a t e d
authority.

#
H.2,

1981 No. 28

- 3 ACTIONS OF THE BOARD-Cont i n u e d

Chicago

B u f f a l o Grove N a t i o n a l Bank, B u f f a l o G r o v e , I l l i n o i s , f o r
p r i o r a p p r o v a l t o merge w i t h B u f f a l o Bank N a t i o n a l
A s s o c i a t i o n , B u f f a l o Grove, I l l i n o i s , under the c h a r t e r
of B u f f a l o Bank N a t i o n a l A s s o c i a t i o n , B u f f a l o G r o v e ,
I l l i n o i s and t i t l e of B u f f a l o Grove N a t i o n a l Bank,
B u f f a l o G r o v e , I l l i n o i s ; r e p o r t t o t h e C o m p t r o l l e r of
t h e C u r r e n c y on c o m p e t i t i v e f a c t o r s . \ j

Atlanta

F i r s t N a t i o n a l Bank of Alabama, Daphne, Alabama, p r o p o s e d
m e r g e r w i t h F i r s t N a t i o n a l Bank of M o b i l e , M o b i l e ,
Alabama; r e p o r t t o t h e C o m p t r o l l e r of t h e C u r r e n c y on
c o m p e t i t i v e f a c t o r s . 1J

Richmond

F i r s t N a t i o n a l Bank of M a r y l a n d , B a l t i m o r e , M a r y l a n d , p r o posed m e r g e r w i t h The Denton N a t i o n a l Bank, D e n t o n ,
M a r y l a n d ; r e p o r t t o t h e C o m p t r o l l e r of t h e C u r r e n c y on
competitive factors. J J

New York

M e t r o p o l i t a n S a v i n g s Bank, New Y o r k , New York, p r o p o s a l
t o merge w i t h The B r o o k l y n S a v i n g s Bank, New York, New
York; r e p o r t to t h e F e d e r a l Deposit Insurance Corporat i o n on c o m p e t i t i v e f a c t o r s . \f

Dal l a s

T e r r e l l S t a t e B a n k , T e r r e l l , T e x a s , proposed m e r g e r w i t h
New T e r r e l l S t a t e Bank, T e r r e l l , T e x a s ; r e p o r t t o t h e
F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e
factors. JJ

Chicago

York S t a t e Bank and T r u s t Company, E l m h u r s t , I l l i n o i s , f o r
p r i o r a p p r o v a l t o merge w i t h V a l l e t t e Bank, E l m h u r s t ,
I l l i n o i s , u n d e r t h e c h a r t e r of V a l l e t t e Bank, E l m h u r s t ,
I l l i n o i s , and t i t l e of York S t a t e Bank and T r u s t Company,
Elmhurst, I l l i n o i s ; r e p o r t to the Federal Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . _1/

New York

Tremont S a v i n g s and Loan A s s o c i a t i o n , Bronx, New York, p r o p o s a l t o m e r g e w i t h t h e L i n c o l n S a v i n g s Bank, B r o o k l y n ,
New Y o r k ; r e p o r t to t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . JL/

17

A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of G o v e r n o r s u n d e r d e l e g a t e d
authority.




H.2,

1981 No. 28

- 4 ACTIONS OF THE BOARD-Continued
To E s t a b l i s h a Domestic Branch P u r s u a n t t o S e c t i o n
9 of t h e F e d e r a l R e s e r v e Act

New York

Approved
The Bank of New Y o r k , New Y o r k , New York. To e s t a b l i s h
a b r a n c h on t h e second f l o o r , I n t e r n a t i o n a l B u s i n e s s
M a c h i n e s C o r p o r a t i o n , 1133 W e s t c h e s t e r Avenue, White
P l a i n s , W e s t c h e s t e r C o u n t y , New York. \ J

New York

Columbus T r u s t Company, Newburgh, New York. To e s t a b l i s h
a b r a n c h in t h e i m m e d i a t e n e i g h b o r h o o d of t h e i n t e r s e c t i o n of Quaker Avenue and Angola Road, Town of
C o r n w a l l , New Y o r k . JV

Cleveland

P e o p l e s L i b e r t y Bank and T r u s t C o . , C o v i n g t o n , K e n t u c k y .
To e s t a b l i s h a b r a n c h a t 3631 D e c o u r s e y P i k e , C o v i n g t o n ,
Kentucky. I f

Cleveland

Ohio C i t i z e n s Bank, T o l e d o , O h i o . To e s t a b l i s h a b r a n c h
a t R e t a i l C o n c o u r s e on One S e a G a t e C e n t e r , (World H e a d q u a t e r s of O w n e s - I l l i n o i s ) , T o l e d o , L u c a s C o u n t y , O h i o .

1/

* * * * *

I s s u e d I n t e n t Not To D i s a p p r o v e Change of C o n t r o l
P u r s u a n t t o Change i n Bank C o n t r o l Act of 1978
Atlanta

Not D i s a p p r o v e d
F l a g s h i p B a n k s , I n c . , Miami, F l o r i d a .

Kansas C i t y

The C i t i z e n s Bank H o l d i n g C o r p o r a t i o n , D r u m r i g h t , Oklahoma.

If




A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of G o v e r n o r s u n d e r d e l e g a t e d
authority.

I

H. 2 .

5 -

1981 No. 28

ACTIONS OF THE BOARD-Continued
A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t ments and O t h e r A c t i o n s P u r s u a n t t o S e c t i o n s 25 and 2 5 ( a )
of t h e F e d e r a l R e s e r v e Act and S e c t i o n s 4 ( c ) ( 9 ) and
4 ( c ) ( 1 3 ) of t h e Bank H o l d i n g Company Act of 1956, as
amended
New York

Approved
C i t i b a n k , N . A . , New York, New York:
g r a n t s c o n s e n t t h a t The
M e r c a n t i l e Bank of C a n a d a , M o n t r e a l , Quebec, Canada i s not
a s u b s i d i a r y of C i t i b a n k a s d e f i n e d i n R e g u l a t i o n E b u t
rather is a Citibank joint venture.

New York

The Bank of New
New York, f o r
of o p e r a t i o n s
Incorporated,

San
Francisco

S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , a p proved e x t e n s i o n of t i m e t o J u n e 6 , 1982, w i t h i n which i t
may a c q u i r e d i r e c t l y or i n d i r e c t l y a d d i t i o n a l s h a r e s of
S e c u r i t y P a c i f i c F i n a n c e L i m i t e d , R e a d i n g , E n g l a n d . _1/

San
Francisco

York I n t e r n a t i o n a l I n c o r p o r a t e d , New York,
a f i n a l permit authorizing the i n i t i a t i o n
of The Bank of New York I n t e r n a t i o n a l
New York, New York. 1/

S i x t y Day N o t i f i c a t i o n P e r i o d Allowed t o E x p i r e
Wells F a r g o Bank, N . A . , San F r a n c i s c o , C a l i f o r n i a : no o b j e c t i o n t o t h e e s t a b l i s h m e n t of a b r a n c h i n S e o u l , South K o r e a .
*

*

*

*

*

To Form a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 1 ) of t h e Bank H o l d i n g Company Act of 1956

Cleveland

Approved
Boone B a n c o r p o r a t i o n , I n c . , A l e x a n d r i a , K e n t u c k y , f o r app r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g
s h a r e s of D i x i e S t a t e Bank, W a l t o n , K e n t u c k y . _1/

Atlanta

Ashland C a p i t a l C o r p o r a t i o n , I n c . , A s h l a n d , Alabama, f o r
a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g
s h a r e s of The F i r s t N a t i o n a l Bank of A s h l a n d , A s h l a n d ,
Alabama. J L /

Atlanta

R a i n s v i l l e H o l d i n g Company, R a i n s v i l i e , Alabama, f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g
s h a r e s of R a i n s v i l l e Bank, R a i n s v i l l e , Alabama. 1/

1/




A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of G o v e r n o r s u n d e r d e l e g a t e d
authority.

H.2,

1981 No. 28

-

6

ACTIONS OF THE BOARD-Continued
Chicago

M o u l t r i e Bancorp, I n c . , L o v i n g t o n , I l l i n o i s , f o r approval
t o a c q u i r e a t l e a s t 80 p e r c e n t o r more of t h e v o t i n g
s h a r e s of Hardware S t a t e Bank, L o v i n g t o n , I l l i n o i s . J L /

Chicago

S t . J o s e p h B a n c o r p o r a t i o n , I n c . , S o u t h Bend, I n d i a n a , f o r
a p p r o v a l t o merge w i t h S t . J o s e p h Agency, I n c . , S o u t h
Bend, I n d i a n a and i n d i r e c t l y a c q u i r e 100 p e r c e n t of t h e
v o t i n g s h a r e s of t h e s u c c e s s o r by m e r g e r to C e n t r a l S t a t e
Bank of L a k e v i l l e , L a k e v i l l e , I n d i a n a and S t . J o s e p h Bank
and T r u s t Company, S o u t h Bend, I n d i a n a . 1/

S t . Louis

Mathes B a n c s h a r e s , I n c . , E l l i n g t o n , M i s s o u r i , for approval
t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of
F a r m e r s S t a t e Bank of E l l i n g t o n , Mo., E l l i n g t o n , M i s s o u r i .
1/

Minneapolis

Eden Bank H o l d i n g Company, I n c . , E d e n , S o u t h D a k o t a , f o r
a p p r o v a l t o a c q u i r e a t l e a s t 9 0 . 8 p e r c e n t of t h e v o t i n g
s h a r e s of The F i r s t N a t i o n a l Bank of E d e n , E d e n , S o u t h
D a k o t a . _1/

Minneapolis

Union H o l d i n g Company, H a l l i d a y , N o r t h D a k o t a , f o r a p p r o v a l
t o a c q u i r e a t l e a s t 8 6 . 5 p e r c e n t of t h e v o t i n g s h a r e s of
The Union Bank, H a l l i d a y , N o r t h D a k o t a . 1/

Kansas C i t y

American N a t i o n a l B a n c o r p , I n c . , B r i s t o w , Oklahoma, f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s
of The American N a t i o n a l Bank of B r i s t o w , B r i s t o w , Oklahoma.
1/

Kansas C i t y

Centennial Bancshares, I n c . , Overland Park, Kansas, f o r app r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s
of C e n t e n n i a l Bank and T r u s t , M i s s i o n , K a n s a s . J J

Kansas C i t y

F a l l River Bankshares, I n c . , F a l l River, Kansas, for approval
t o a c q u i r e a t l e a s t 8 2 . 3 p e r c e n t of t h e v o t i n g s h a r e s of
F a l l R i v e r S t a t e Bank, F a l l R i v e r , K a n s a s . 1/

Dal l a s

Howe F i n a n c i a l C o r p o r a t i o n , Howe, T e x a s , f o r a p p r o v a l t o
a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of
Howe S t a t e Bank, Howe, T e x a s . 1/

San
Francisco

Grant S. C l a r k I n v e s t m e n t Company, a Utah L i m i t e d P a r t n e r s h i p , S a l t Lake C i t y , U t a h , f o r a p p r o v a l t o a c q u i r e 5 4 . 4 7
p e r c e n t of t h e v o t i n g s h a r e s of D a v i s County Bank,
F a r m i n g t o n , U t a h . 1/

JL/




A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors u n d e r d e l e g a t e d
authority.

i




H.2,

1981 No. 28
ACTIONS OF THE BOARD-Continued
To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 3 ) of t h e Bank H o l d i n g Company Act of 1956

Cleveland

Approved
The C e n t r a l B a n c o r p o r a t i o n , I n c . , C i n c i n n a t i , O h i o , f o r
a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of The C l e a r Creek
V a l l e y Banking Company, Amanda, O h i o . 1/

Atlanta

S o u t h e r n B a n c o r p o r a t ion of Alabama, Birmingham, Alabama,
f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of Auburn Bank & T r u s t Company, A u b u r n ,
Alabama. YJ

Chicago

DETROITBANK C o r p o r a t i o n , D e t r o i t , M i c h i g a n , f o r a p p r o v a l
t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by m e r g e r t o SNB Bank and T r u s t , B a t t l e C r e e k ,
Michigan.

Kansas C i t y

B i n g e r Agency, I n c . , B i n g e r , Oklahoma, f o r a p p r o v a l t o
a c q u i r e a t l e a s t 5 1 . 6 p e r c e n t of t h e v o t i n g s h a r e s of
B i n g e r Community Bank, B i n g e r , Oklahoma. J J

Kansas C i t y

I n d u s t r i a l B a n c s h a r e s , I n c . , Kansas C i t y , Kansas, for app r o v a l t o a c q u i r e a t l e a s t 50 p e r c e n t of t h e v o t i n g
s h a r e s of C e n t e n n i a l B a n c s h a r e s , I n c . , Over l a n d P a r k ,
K a n s a s . JL/

Kansas City

V a l l e y View B a n c s h a r e s , I n c . , O v e r l a n d P a r k , K a n s a s , f o r
a p p r o v a l t o a c q u i r e a t l e a s t 50 p e r c e n t of t h e v o t i n g
s h a r e s of C e n t e n n i a l B a n c s h a r e s , I n c . , O v e r l a n d P a r k ,
K a n s a s . 1/
* * * * *

To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 5 ) of t h e Bank H o l d i n g Company Act of 1956
Kansas City

17

Approved
The Wyoming N a t i o n a l C o r p o r a t i o n , C a s p e r , Wyoming, f o r
a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e vofcing s h a r e s
F i r s t B a n k s h a r e s of Wyoming, Cheyenne, Wyoming.

A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of G o v e r n o r s u n d e r d e l e g a t e d
authority.

i

H . 2 , 1981 No. 28

— 8 —
ACTIONS OF THE BOARD-Continued
To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
4 ( c ) ( 8 ) of t h e Bank H o l d i n g Company Act of 1956

Chicago

Approved
S t . J o s e p h B a n c o r p o r a t i o n , I n c . , S o u t h Bend, I n d i a n a , f o r
a p p r o v a l t o a c q u i r e 83 p e r c e n t of S t . J o s e p h M o r t g a g e
Company, I n c . , S o u t h Bend, I n d i a n a and 51 p e r c e n t of
S t . J o s e p h Lease C a p i t a l C o r p o r a t i o n , A l e x a n d r i a , V i r g i n i a .
U

S t . Louis

Mathes B a n c s h a r e s , I n c . , E l l i n g t o n , M i s s o u r i , f o r a p p r o v a l
t o e n g a g e de novo i n c e r t a i n i n s u r a n c e agency a c t i v i t i e s .
1/

San
Francisco

S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , f o r
a p p r o v a l t o a c q u i r e A . J . A r m s t r o n g Company, I n c . , New York,
New York. JL/

New York

Boston

1/
3/




Reactivated
B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l
L i m i t e d , b o t h of London, E n g l a n d , r e q u e s t s p e r m i s s i o n
to r e l o c a t e e x i s t i n g o f f i c e s engaging in the f o l l o w i n g
a c t i v i t i e s (making d i r e c t consumer l o a n s , i n c l u d i n g
l o a n s s e c u r e d by r e a l e s t a t e , a n d p u r c h a s i n g of s a l e s
f i n a n c e c o n t r a c t s r e p r e s e n t i n g e x t e n s i o n s of c r e d i t
such a s would be made o r a c q u i r e d by a consumer f i n a n c e
company, and w h o l e s a l e f i n a n c i n g ( f l o o r p l a n n i n g ) ; and
a c t i n g as a g e n t f o r t h e s a l e of r e l a t e d c r e d i t l i f e ,
c r e d i t a c c i d e n t and h e a l t h and c r e d i t p r o p e r t y i n s u r a n c e ) from 2 4 - 2 6 N o r t h S t r e e t , M i d d l e t o w n , New York t o
280 Route 2 1 1 E a s t , M i d d l e t o w n , New York, t h r o u g h t h e i r
s u b s i d i a r y , B a r c l a y s A m e r i c a n / F i n a n c i a l , I n c . ( a New York
C o r p o r a t i o n ) and from 24-26 N o r t h S t r e e t , M i d d l e t o w n ,
New York t o 280 R o u t e 211 E a s t , M i d d l e t o w n , New York,
through t h e i r s u b s i d i a r y , BarclaysAmerican/Retail Serv i c e s , I n c . ( a n Ohio C o r p o r a t i o n ) ( 7 / 1 0 / 8 1 ) 3/
Permitted
F i r s t N a t i o n a l Boston C o r p o r a t i o n , Boston, M a s s a c h u s e t t s ,
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
( p r o v i d i n g b o o k k e e p i n g and d a t a p r o c e s s i n g s e r v i c e s f o r
t h e i n t e r n a l o p e r a t i o n of a s i n g l e named b a n k ; and s t o r i n g
and p r o c e s s i n g b a n k i n g , f i n a n c i a l o r r e l a t e d d a t a ( i n c l u d i n g demand d e p o s i t , s a v i n g s , d i r e c t and i n d i r e c t i n s t a l l -

A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of G o v e r n o r s u n d e r d e l e g a t e d
authority.
4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board
of G o v e r n o r s under d e l e g a t e d a u t h o r i t y .

H.2.

1981 No. 28

- 9 ACTIONS OF THE BOARD-Continued
ment l o a n s , commercial l o a n s , m o r t g a g e s , g e n e r a l l e d g e r
and c e n t r a l i n f o r m a t i o n a c c o u n t i n g ) f o r such bank and
i n d i r e c t l y f o r i n s t i t u t i o n s who may e n t e r i n t o a d a t a
p r o c e s s i n g a g r e e m e n t w i t h such bank) a t 286 Water S t r e e t ,
August a , M a i n e , t h r o u g h i t s s u b s i d i a r y , FBC, I n c . ( 7 / 9 / 8 1 )
3/

Boston

Old S t o n e C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , 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 ( t h e o r i g i n a t i o n , s a l e and s e r v i c i n g of f i r s t and second m o r t g a g e
l o a n s ; t h e s a l e of c r e d i t l i f e and c r e d i t h e a l t h and
accident insurance offered in connection with extensions
of c r e d i t ; and t h e s a l e of c a s u a l t y i n s u r a n c e on p r o p e r t y
m o r t g a g e d in c o n n e c t i o n w i t h e x t e n s i o n s of c r e d i t ) a t 1740
Cameron Avenue, West C o v i n a , C a l i f o r n i a , t h r o u g h a new i n d i r e c t s u b s i d i a r y , UniMortgage C o r p o r a t i o n of C a l i f o r n i a
(7/6/81) 2/

New York

B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d ,
b o t h of London, E n g l a n d , r e q u e s t s p e r m i s s i o n t o e s t a b l i s h a
de novo o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s ( i n i n d i r e c t i n s t a l l m e n t l e n d i n g , r e t a i l s a l e s f i n a n c i n g and s e l l i n g , a s a g e n t , r e l a t e d c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h
and c r e d i t p r o p e r t y i n s u r a n c e ) a t 6465 C o l l e g e P a r k S q u a r e ,
V i r g i n i a Beach, V i r g i n i a , through t h e i r s u b s i d i a r y , B a r c l a y s A m e r i c a n / C r e d i t , I n c . ( 7 / 5 / 8 1 ) 3J

New York

B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d ,
b o t h of L o n d o n , E n g l a n d , r e q u e s t s p e r m i s s i o n t o e s t a b l i s h a
de novo o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s ( i n l e a s e
f i n a n c i n g of p e r s o n a l p r o p e r t y by means of l e a s e s t h a t meet
t h e s t a n d a r d of S e c t i o n 2 2 5 . 4 ( a ) ( 6 ) of R e g u l a t i o n Y) a t 3200
West End A v e n u e , S u i t e 4 0 5 , N a s h v i l l e , T e n n e s s e e , t h r o u g h
t h e i r s u b s i d i a r y , B a r e l a y s A m e r i c a n / L e a s i n g , I n c . ( 7 / 5 / 8 1 ) J3/

New York

B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d ,
b o t h of London, E n g l a n d , r e q u e s t s p e r m i s s i o n to e s t a b l i s h de
novo o f f i c e s e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s ( i n making
m o r t g a g e l o a n s and s e l l i n g , a s a g e n t , r e l a t e d c r e d i t l i f e ,
c r e d i t a c c i d e n t and h e a l t h and c r e d i t p r o p e r t y i n s u r a n c e )
a t 6525 M o r r i s o n B o u l e v a r d , C h a r l o t t e , N o r t h C a r o l i n a , t h r o u g h
t h e i r subsidiary, BarelaysAmerican/Credit, Inc.
and 1930
B i s h o p L a n e , W a t t e r s o n Towers ( S u i t e 7 2 0 ) , L o u i s v i l l e ,
K e n t u c k y , t h r o u g h t h e i r s u b s i d i a r y , Bare l a y s A m e r i c a n / M o r t g a g e ,
I n c . ( 7 / 5 / 8 1 ) 3/

17

4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board
of G o v e r n o r s under d e l e g a t e d a u t h o r i t y .




H. 2 , 1981 No. 28

-

10

-

ACTIONS OF THE BOARD-Continued
New York

B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d ,
b o t h of London, E n g l a n d , r e q u e s t s p e r m i s s i o n t o expand t h e
a c t i v i t i e s of e x i s t i n g o f f i c e s to i n c l u d e t h e f o l l o w i n g
a c t i v i t i e s (making b u s i n e s s l o a n s t o s m a l l b u s i n e s s e s o r
i n d i v i d u a l s borrowing f o r b u s i n e s s purposes, p r i m a r i l y
s e c u r e d by f i r s t and second m o r t g a g e s on r e a l e s t a t e )
located in the following s t a t e s :
83 o f f i c e s l o c a t e d i n
N o r t h C a r o l i n a , t h r o u g h t h e i r s u b s i d i a r y , Bare l a y s A m e r i c a n /
F i n a n c i a l , I n c . ; 6 o f f i c e s located in Idaho, through t h e i r
s u b s i d i a r y , B a r e l a y s A m e r i c a n / F i n a n c i a l , I n c . ; 22 o f f i c e s
l o c a t e d i n South C a r o l i n a , t h r o u g h t h e i r s u b s i d i a r y ,
B a r e l a y s A m e r i c a n / F i n a n c i a l , I n c . ; and 15 o f f i c e s l o c a t e d
i n South C a r o l i n a , t h r o u g h t h e i r s u b s i d i a r y , B a r e l a y s Amer i c a n / C r e d i t , I n c . ( 7 / 5 / 8 1 ) 3 /

New York

B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l
L i m i t e d , b o t h of London, E n g l a n d , r e q u e s t s p e r m i s s i o n
to r e l o c a t e e x i s t i n g o f f i c e s engaging in the f o l l o w i n g
a c t i v i t i e s (making d i r e c t consumer l o a n s , i n c l u d i n g
l o a n s s e c u r e d by r e a l e s t a t e , and p u r c h a s i n g of s a l e s
f i n a n c e c o n t r a c t s r e p r e s e n t i n g e x t e n s i o n s of c r e d i t
such as would be made or a c q u i r e d by a consumer f i n a n c e
company, and w h o l e s a l e f i n a n c i n g ( f l o o r p l a n n i n g ) ; and
a c t i n g a s a g e n t f o r t h e s a l e of r e l a t e d c r e d i t l i f e ,
c r e d i t a c c i d e n t and h e a l t h and c r e d i t p r o p e r t y i n s u r a n c e ) from 24-26 N o r t h S t r e e t , M i d d l e t o w n , New York to
280 R o u t e 211 E a s t , M i d d l e t o w n , New Y o r k , t h r o u g h t h e i r
s u b s i d i a r y , B a r c l a y s A m e r i c a n / F i n a n c i a l , I n c . ( a New York
C o r p o r a t i o n ) and from 2 4 - 2 6 N o r t h S t r e e t , M i d d l e t o w n , New
York t o 280 Route 211 E a s t , M i d d l e t o w n , New York, t h r o u g h
t h e i r subsidiary, Barc1aysAmerican/Retail Services, Inc.
( a n Ohio C o r p o r a t i o n ) ( 7 / 1 1 / 8 1 ) _3/

New York

The Chase M a n h a t t a n C o r p o r a t i o n , New Y o r k , New Y o r k , r e q u e s t s
p e r m i s s i o n t o e s t a b l i s h a jde novo o f f i c e e n g a g i n g i n t h e
f o l l o w i n g a c t i v i t i e s (making o r a c q u i r i n g , f o r i t s own
a c c o u n t or f o r t h e a c c o u n t of o t h e r s , l o a n s and o t h e r
e x t e n s i o n s of c r e d i t s e c u r e d by r e a l e s t a t e i n c l u d i n g ,
b u t not l i m i t e d t o , f i r s t and second m o r t g a g e l o a n s
s e c u r e d by m o r t g a g e s on o n e - t o - f o u r f a m i l y r e s i d e n t i a l
p r o p e r t i e s ; t o s e r v i c e l o a n s and o t h e r e x t e n s i o n s of
c r e d i t f o r any p e r s o n ; t o s e l l m o r t g a g e l o a n s i n t h e
s e c o n d a r y m a r k e t ; and t o o f f e r m o r t g a g e term l i f e i n s u r a n c e , a c c i d e n t and h e a l t h i n s u r a n c e and d i s a b i l i t y i n -

3?

4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board
of G o v e r n o r s under d e l e g a t e d a u t h o r i t y .




H. 2 ,

1981 No. 28

- 11 ACTIONS OF THE BOARD-Continued
s u r a n c e d i r e c t l y r e l a t e d t o such l e n d i n g and s e r v i c i n g
a c t i v i t i e s ) l o c a t e d i n t h e a r e a of t h e i n t e r s e c t i o n of
R o u t e s 2 and 50 i n A n n a p o l i s , M a r y l a n d , t h r o u g h i t s s u b s i d i a r y , Chase Home M o r t g a g e C o r p o r a t i o n ( 7 / 1 0 / 8 1 ) 3/

New York

C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand
t h e a c t i v i t i e s of an e x i s t i n g o f f i c e e n g a g i n g in t h e f o l l o w ing a c t i v i t y ( t h e s e r v i c i n g f o r any p e r s o n , of l o a n s and
o t h e r e x t e n s i o n s of c r e d i t ) a t 2001 Gateway P l a c e , San
J o s e , C a l i f o r n i a , s e r v i n g t h e c o u n t i e s of San M a t e o , S a n t a
C l a r a and Alameda, a l l i n C a l i f o r n i a , t h r o u g h i t s s u b s i d i a r y ,
C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ( 7 / 5 / 8 1 ) _3/

New York

C i t i c o r p , New York, New Y o r k , r e q u e s t s p e r m i s s i o n t o e s t a b l i s h
a de novo o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s ( t h e
p u r c h a s i n g and s e r v i c i n g f o r i t s own a c c o u n t of s a l e s f i n a n c e
c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and
h e a l t h o r d e c r e a s i n g or l e v e l ( i n t h e c a s e of s i n g l e payment
l o a n s ) t e r m l i f e i n s u r a n c e by l i c e n s e d a g e n t s o r b r o k e r s , a s
r e q u i r e d ; t h e e x t e n s i o n of l o a n s t o d e a l e r s f o r t h e f i n a n c i n g
of i n v e n t o r y ( f l o o r p l a n n i n g ) and w o r k i n g c a p i t a l p u r p o s e s ;
t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own a c c o u n t of s a l e s
f i n a n c e c o n t r a c t s ; and t h e s e r v i c i n g , f o r any p e r s o n , of l o a n s
and o t h e r e x t e n s i o n s of c r e d i t ; t h e p r o p o s e d s e r v i c e a r e a of
t h e o f f i c e would be c o m p r i s e d of t h e e n t i r e S t a t e of Texas f o r
a l l the aforementioned a c t i v i t i e s ; c r e d i t r e l a t e d l i f e , accid e n t and h e a l t h i n s u r a n c e may be w r i t t e n by F a m i l y G u a r d i a n
L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p A c c e p t a n c e
Company, I n c . ) a t 2426 Cee Gee S t r e e t , S u i t e 2 0 2 , San A n t o n i o ,
T e x a s , t h r o u g h i t s s u b s i d i a r y , C i t i c o r p A c c e p t a n c e Company,
I n c . ( 7 / 5 / 8 1 ) 3/

New York

M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York,
r e q u e s t s p e r m i s s i o n t o r e l o c a t e an e x i s t i n g o f f i c e and
t o expand t h e s e r v i c e a r e a of t h e r e l o c a t e d o f f i c e e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s (consumer f i n a n c e , s a l e s
f i n a n c e and home e q u i t y l e n d i n g a c t i v i t i e s and i n t h e
s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e , and c r e d i t
a c c i d e n t , h e a l t h and p r o p e r t y i n s u r a n c e ; t h e new o f f i c e
w i l l s e r v e c u s t o m e r s i n M a r i c o p a , Y a v a p t a , G i l a , and P i n a l
c o u n t i e s ) from 1302 N. F i r s t S t r e e t , P h o e n i x , A r i z o n a to
10321 N. 32nd S t r e e t , S u i t e D, P h o e n i x , A r i z o n a , t h r o u g h
i t s s u b s i d i a r y , T e r m p l a n I n c o r p o r a t e d of A r i z o n a ( 7 / 7 / 8 1 )
1/

3/




4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board
of G o v e r n o r s u n d e r d e l e g a t e d a u t h o r i t y .

H.2,

1981 No. 28

- 1 2 ACTIONS OF THE BOARD-Continued

New York

M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York,
r e q u e s t s p e r m i s s i o n t o r e l o c a t e an e x i s t i n g o f f i c e and t o
expand t h e s e r v i c e a r e a of t h e r e l o c a t e d o f f i c e e n g a g i n g
in t h e f o l l o w i n g a c t i v i t i e s (consumer f i n a n c e , s a l e s f i nance and home e q u i t y l e n d i n g a c t i v i t i e s and in t h e s a l e
of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e , and c r e d i t a c c i d e n t , h e a l t h and p r o p e r t y i n s u r a n c e ; t h e new o f f i c e w i l l
s e r v e c u s t o m e r s i n Pima, P i n a l , Graham, C o c h i s e and S a n t a
Cruz c o u n t i e s ) from 5339 South 1 2 t h Avenue, T u c s o n , A r i z o n a
t o 5151 E. Broadway, S u i t e 190, T u c s o n , A r i z o n a , t h r o u g h i t s
s u b s i d i a r y , T e r m p l a n I n c o r p o r a t e d of A r i z o n a ( 7 / 7 / 8 1 ) 3/

Dallas

Texas Commerce B a n c s h a r e s , I n c . , H o u s t o n , T e x a s , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( t o engage
i n t h e a c t i v i t y of a c t i n g as a managing g e n e r a l i n s u r a n c e
a g e n t p u r s u a n t t o t h e laws of T e x a s ) a t 1212 Main S t r e e t ,
H o u s t o n , T e x a s , t h r o u g h a s u b s i d i a r y , Pyramid Agency, I n c .
(7/7/81) 2 /

San
Francisco

Bancorp H a w a i i , I n c . , H o n o l u l u , H a w a i i , 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 ( t o e n g a g e i n
i n d u s t r i a l loan a c t i v i t i e s according to the i n d u s t r i a l
l o a n c h a p t e r of t h e Hawaii R e v i s e d S t a t u t e s and to a c t
a s a g e n t o r b r o k e r in t h e s a l e of c r e d i t r e l a t e d l i f e ,
a c c i d e n t and h e a l t h i n s u r a n c e ) a t 930 W a i n e e , L a h a i n a ,
H a w a i i , t h e g e o g r a p h i c a r e a t o be s e r v e d w i l l be t h e
L a h a i n a , K a a n a p u l i and N a p i l i a r e a s on t h e I s l a n d of
Maui, t h r o u g h i t s s u b s i d i a r y , Bancorp F i n a n c e H a w a i i ,
I n c . ( 7 / 1 1 / 8 1 ) 3/

San
F r a n c i sco

BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , 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 (making
o r a c q u i r i n g f o r t h e i r own a c c o u n t s l o a n s and o t h e r e x t e n s i o n s of c r e d i t such a s would b e made o r a c q u i r e d by a
f i n a n c e company; s e r v i c i n g s u c h l o a n s and o t h e r e x t e n s i o n s
of c r e d i t ; and o f f e r i n g c r e d i t r e l a t e d l i f e , c r e d i t r e l a t e d
a c c i d e n t and h e a l t h and c r e d i t r e l a t e d p r o p e r t y i n s u r a n c e ;
t h e a c t i v i t i e s of F i n a n c e A m e r i c a C o r p o r a t i o n of M i s s o u r i w i l l
i n c l u d e , b u t not be l i m i t e d t o , making consumer i n s t a l l m e n t
l o a n s , p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making l o a n s and o t h e r e x t e n s i o n s of c r e d i t to s m a l l b u s i n e s s e s ,
and making l o a n s s e c u r e d by r e a l and p e r s o n a l p r o p e r t y ; t h e
a c t i v i t i e s of F i n a n c e A m e r i c a C r e d i t C o r p o r a t i o n w i l l i n c l u d e ,
but n o t be l i m i t e d t o , making f i r s t m o r t g a g e r e s i d e n t i a l r e a l
e s t a t e l o a n s i n e x c e s s of $ 2 , 5 0 0 ; b o t h c o r p o r a t i o n s w i l l o f f e r
c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h and p r o p e r t y i n s u r -

3/

4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board
of G o v e r n o r s under d e l e g a t e d a u t h o r i t y .




I

I'.2,

1981 No. 28

- 1 3 ACT10NS OF THE BOARD-Continued
a n e e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or a c q u i r e d
by F i nanccAme r i ca C o r p o r a t i o n of M i s s o u r i and F inanceAme r i ca
C r e d i t C o r p o r a t i o n ) a t 2734 N o r t h Highway 67, F l o r i s s a n t ,
M i s s o u r i , s e r v i n g t h e e n t i r e S t a t e of M i s s o u r i , and I l l i n o i s
through i t s i n d i r e c t s u b s i d i a r i e s , FinanceAmerica C o r p o r a t i o n
of M i s s o u r i ( a M i s s o u r i C o r p o r a t i o n ) and F i n a n c e A m e r i c a C r e d i t
C o r p o r a t i o n ( a D e l a w a r e C o r p o r a t i o n ) ( 7 / 1 0 / 8 1 ) 3J

San
Francisco

37

RankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , 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 (making
o r a c q u i r i n g f o r i t s own a c c o u n t , l o a n s and o t h e r e x t e n s i o n s of c r e d i t such as would be made or a c q u i r e d by a
f i n a n c e company, s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s of
c r e d i t , and o f f e r i n g c r e d i t r e l a t e d l i f e and c r e d i t r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e ; such a c t i v i t i e s w i l l
i n c l u d e , b u t not be l i m i t e d t o , making consumer i n s t a l l ment l o a n s ; p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s ;
making l o a n s and o t h e r e x t e n s i o n s of c r e d i t t o s m a l l
b u s i n e s s e s ; making l o a n s s e c u r e d by r e a l and p e r s o n a l
p r o p e r t y ; and t h e o f f e r i n g of c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s
of c r e d i t made o r a c q u i r e d by F i n a n c e A m e r i c a C o r p o r a t i o n )
a t S u i t e 1001-1005 W i l s o n B u i l d i n g , Broadway and Cooper
S t r e e t , Camden, New J e r s e y ; V a n t a g e P l a z a Shopping C e n t e r ,
C o o k s t o w n , New J e r s e y ; 633 T i l ton Road, N o r t h f i e l d , New
J e r s e y ; and 31A B l a c k H o r s e P i k e , Runnemede, New J e r s e y ,
t o i n c l u d e t h e e n t i r e S t a t e of New J e r s e y and t h e e a s t e r n
r e g i o n of P e n n s y l v a n i a , t h r o u g h i t s i n d i r e c t s u b s i d i a r y ,
F i n a n c e A m e r i c a C o r p o r a t i o n ( a New J e r s e y C o r p o r a t i o n )
(7/10/81) V

4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board
of G o v e r n o r s u n d e r d e l e g a t e d a u t h o r i t y .




H . 2 , 1981 No. 28

- 14 APPLICATIONS RECEIVED
To E s t a b l i s h a Domestic Branch P u r s u a n t t o S e c t i o n
9 of t h e F e d e r a l R e s e r v e Act

New York

Chemical Bank, New York, New York. To e s t a b l i s h a b r a n c h
o f f i c e a t N o r t h Shore Towers Apartment Complex, Arcade
L e v e l , 269 Grand C e n t r a l Parkway, Queens, New York. 2/

Richmond

F i r s t V i r g i n i a Bank, F a l l s C h u r c h , V i r g i n i a .
To e s t a b l i s h
a b r a n c h a t 6862 Elm S t r e e t , McLean, F a i r f a x , V i r g i n i a .
2/

Richmond

Bank of Newport News, Newport News, V i r g i n i a . To e s t a b l i s h
a b r a n c h a t 3 0 6 - 3 0 8 High S t r e e t , P o r t s m o u t h , V i r g i n i a . 2J

Chicago

Kent C i t y S t a t e Bank, Kent C i t y , M i c h i g a n . To e s t a b l i s h a
b r a n c h a t 5475 Apple Avenue, E g e l s t o n Township, Muskegon
County, Michigan. 2/

San
Francisco

F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los A n g e l e s , C a l i f o r n i a .
A p p l i c a t i o n made f o r b r a n c h o f f i c e i n t h e v i c i n i t y of t h e
i n t e r s e c t i o n of S u n r i s e B o u l e v a r d and Coloma Road, U n i n c o r p o r a t e d Community of Rancho C o r d o v a , S a c r a m e n t o C o u n t y ,
C a l i f o r n i a . 2/

* * * * *

A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t m e n t s and O t h e r A c t i o n s P u r s u a n t t o S e c t i o n s 25 and 2 5 ( a )
of t h e F e d e r a l R e s e r v e Act and S e c t i o n s 4 ( c ) ( 9 ) and
4 ( c ) ( 1 3 ) of t h e Bank H o l d i n g Company Act of 1956, a s
amended
Philadelphia

P r o v i d e n t I n t e r n a t i o n a l C o r p o r a t i o n , P h i l a d e l p h i a , Penns y l v a n i a : r e q u e s t s p e r m i s s i o n t o amend P I C ' s A r t i c l e s
of A s s o c i a t i o n i n o r d e r f o r i t t o r e l o c a t e i t s home
o f f i c e from P h i l a d e l p h i a , P e n n s y l v a n i a t o W i l m i n g t o n ,
Delaware.

San
Francisco

S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a : p r i o r
n o t i f i c a t i o n of i t s i n t e n t t o make i n i t i a l d i r e c t and i n d i r e c t i n v e s t m e n t s i n up t o t h r e e f i n a n c e s u b s i d i a r i e s ,
Security P a c i f i c Overseas Finance N.V., Security P a c i f i c
I n t e r n a t i o n a l F i n a n c e B.V. and S e c u r i t y P a c i f i c I n t e r n a t i o n a l F i n a n c e N.V.

2/

A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t . The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d a s
t o t h e l e n g t h of t h e comment p e r i o d .




I

H.2,

1981 No. 28

- 15 APPLICATIONS RECEIVED-Continued
To E s t a b l i s h an O v e r s e a s Branch of a Member Bank
P u r s u a n t t o S e c t i o n 25 of t h e F e d e r a l R e s e r v e Act

Atlanta

F i r s t N a t i o n a l Bank i n Palm Beach, Palm Beach, F l o r i d a :
r e q u e s t s consent to e s t a b l i s h a branch in Nassau, the
Bahamas.

San
Francisco

W e l l s F a r g o Bank, N . A . , San F r a n c i s c o , C a l i f o r n i a : p r i o r
n o t i f i c a t i o n of i n t e n t t o e s t a b l i s h i t s i n i t i a l b r a n c h
i n Hong Kong, p u r s u a n t t o S e c t i o n 2 1 1 . 3 of R e g u l a t i o n K.

*

*

*

*

*

To Form a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 1 ) of t h e Bank H o l d i n g Company Act of 1956
New York

Broad N a t i o n a l B a n c o r p o r a t i o n , Newark, New J e r s e y , f o r
a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
of Broad N a t i o n a l Bank, Newark, New J e r s e y . 2/

New York

N o r t h F o r k B a n c o r p o r a t i o n , I n c . , M a t t i t u c k , New York,
f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g
s h a r e s of t h e s u c c e s s o r by m e r g e r t o The N o r t h F o r k
Bank and T r u s t Company, M a t t i t u c k , New York. 2J

Cleveland

F i r s t National Bancorp, I n c o r p o r a t e d , Miamisburg, Ohio,
f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e
v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank, M i a m i s b u r g ,
O h i o . 2/

Atlanta

F i r s t National F i n a n c i a l Corp., Athens, Georgia, f o r app r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of
The F i r s t N a t i o n a l Bank of A t h e n s , A t h e n s , G e o r g i a . 2]

Atlanta

Lake A r e a B a n c s h a r e s , I n c . , H a w t h o r n e , F l o r i d a , f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g
s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of Lake A r e a
S t a t e Bank, H a w t h o r n e , F l o r i d a . 2j

Atlanta

Twin C i t i e s F i n a n c i a l S e r v i c e s , I n c . , M a r y v i l l e , T e n n e s s e e ,
f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
of C i t i z e n s Bank of B l o u n t C o u n t y , M a r y v i l l e , T e n n e s s e e .

2/

2/




A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t . The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d a s
t o t h e l e n g t h of t h e comment p e r i o d .

I

H.2,

1981 No. 28

— 16

—

APPLICATIONS RECEIVED-Continued
Chicago

Brooklyn B a n k s h a r e s , I n c . , B r o o k l y n , W i s c o n s i n , f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g
s h a r e s of B r o o k l y n S t a t e Bank, B r o o k l y n , W i s c o n s i n . 2j

Chicago

CTS B a n c o r p o r a t i o n , E l d r i d g e , Iowa, f o r a p p r o v a l t o
a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of
C e n t r a l T r u s t and S a v i n g s B a n k , E l d r i d g e , Iowa. 2/

Chicago

Lytton B a n c o r p o r a t i o n , L y t t o n , Iowa, f o r approval to
a c q u i r e a t l e a s t 9 8 . 8 p e r c e n t of t h e v o t i n g s h a r e s
of Lyt t o n S a v i n g s Bank, Lyt t o n , I o w a . 2]

Chicago

Sheridan Bancorp, I n c . , Sheridan, I l l i n o i s , for approval
t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s
of S h e r i d a n S t a t e Bank, S h e r i d a n , I l l i n o i s . 2 /

St. Louis

C i t i z e n s B a n c o r p , I n c . , Glasgow, K e n t u c k y , f o r a p p r o v a l
t o a c q u i r e a t l e a s t 8 1 . 1 2 p e r c e n t of t h e v o t i n g s h a r e s
of C i t i z e n s Bank and T r u s t Company, Glasgow, K e n t u c k y .

2/

Minneapolis

Deer Lodge H o l d i n g Company, B u t t e , Montana, f o r a p p r o v a l
t o a c q u i r e 9 0 . 0 5 7 p e r c e n t of t h e v o t i n g s h a r e s of Deer
Lodge Bank and T r u s t Company, Deer Lodge, Montana. 7 j

Kansas C i t y

F i r s t S t a t e F i n a n c i a l C o r p o r a t i o n , Larned, Kansas, for app r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g
s h a r e s of The F i r s t S t a t e Bank & T r u s t Company of
L a r n e d , L a r n e d , K a n s a s . 2j

Kansas C i t y

Lawton F i n a n c i a l C o r p . , L a w t o n , Oklahoma, f o r a p p r o v a l t o
a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of
C i t i z e n s B a n k , L a w t o n , Oklahoma. 2j

Kansas C i t y

Rupp B a n c s h a r e s , I n c . , H a y s , K a n s a s , f o r a p p r o v a l t o
a c q u i r e a t l e a s t 8 7 . 5 p e r c e n t of t h e v o t i n g s h a r e s of
The F a r m e r s N a t i o n a l Bank of V i c t o r i a , V i c t o r i a ,
Kansas. 2/

San
Francisco

P u g e t Sound B a n c o r p , Tacoma, W a s h i n g t o n , f o r a p p r o v a l t o
a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r
by m e r g e r t o P u g e t Sound N a t i o n a l Bank, Tacoma, W a s h i n g t o n .

2/

2/

A p p l i c a t i o n s u b j e c t t o Community R e s i n v e s t m e n t A c t . The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as
t o t h e l e n g t h of t h e comment p e r i o d .




I

H.2,

1981 No. 28

- 17 APPLICATIONS RECEIVED-Continued

San
Francisco

SC B a n c o r p , Downey, C a l i f o r n i a , f o r a p p r o v a l t o a c q u i r e
100 p e r c e n t of t h e v o t i n g s h a r e s of Bank of Downey,
Downey, C a l i f o r n i a . 2/

*

*

*

*

*

•

To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
3 ( a ) ( 3 ) of t h e Bank H o l d i n g Company Act of 1956
New York

U n i t e d Bank C o r p o r a t i o n of New Y o r k , A l b a n y , New Y o r k ,
f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
of t h e s u c c e s s o r by m e r g e r t o The Rondout N a t i o n a l Bank,
K i n g s t o n , New Y o r k . 2J

Atlanta

A m e r i c a n B a n c s h a r e s of Houma, I n c . , Houma, L o u i s i a n a , f o r
a p p r o v a l t o a c q u i r e an a d d i t i o n a l 6 4 . 5 p e r c e n t of t h e
v o t i n g s h a r e s of American Bank & T r u s t Company of Houma,
Houma, L o u i s i a n a . 7J

Chicago

S e c u r i t y N a t i o n a l C o r p o r a t i o n , Sioux C i t y , Iowa, f o r app r o v a l t o a c q u i r e 97 p e r c e n t of t h e v o t i n g s h a r e s of
F i r s t N a t i o n a l Bank of A k r o n , Akron, I o w a . 2J

St. Louis

Union P l a n t e r s C o r p o r a t i o n , Memphis, T e n n e s s e e , f o r a p p r o v a l t o a c q u i r e a t l e a s t 95 p e r c e n t of t h e v o t i n g
s h a r e s of Union P l a n t e r s N a s h v i l l e , N a s h v i l l e , T e n n e s s e e ,
a p r o p o s e d new b a n k . 2 /

Minneapolis

National City Bancorporation, Minneapolis, Minnesota, f o r
a p p r o v a l t o a c q u i r e 85 p e r c e n t of t h e v o t i n g s h a r e s of
N a t i o n a l C i t y Bank of R i d g e d a l e , M i n n e t o n k a , M i n n e s o t a .

2/

Dallas

F i r s t I n t e r n a t i o n a l Bancshares, I n c . , Dallas, Texas, f o r
a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
( e x c e p t d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of The F i r s t
N a t i o n a l Bank i n Mount P l e a s a n t , Mount P l e a s a n t , T e x a s .
2/

Dallas

F i r s t I n t e r n a t i o n a l Bancshares, I n c . , D a l l a s , T e x a s , , f o r
a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s
( e x c e p t e d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of P a r i s Bank
of T e x a s , P a r i s , T e x a s . 2 /

2/

A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t . The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as
t o t h e l e n g t h of t h e comment p e r i o d .




H.2,

1981 No. 28

- 1 8 APPLICATIONS RECEIVED-Continued
To Expand a Bank H o l d i n g Company P u r s u a n t to S e c t i o n
3 ( a ) ( 5 ) of t h e Bank H o l d i n g Company Act of 1956

Atlanta

F l o r i d a N a t i o n a l Banks of F l o r i d a , I n c . , J a c k s o n v i l l e ,
F l o r i d a , f o r a p p r o v a l t o merge w i t h A l l i a n c e C o r p o r a t i o n , J a c k s o n v i l l e , F l o r i d a and i n d i r e c t l y a c q u i r e a t
l e a s t 9 9 . 6 p e r c e n t of t h e v o t i n g s h a r e s of J a c k s o n v i l l e
N a t i o n a l Bank, J a c k s o n v i l l e , F l o r i d a . 2 j

Atlanta

G u l f s t r e a m B a n k s , I n c . , Boca R a t o n , F l o r i d a , f o r a p p r o v a l
t o merge w i t h Summit Banking C o r p o r a t i o n , T a m a r a c , F l o r i d a
and i n d i r e c t l y a c q u i r e Summit B a n k , T a m a r a c , F l o r i d a . 2/
*

*

*

*

*

To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n
4 ( c ) ( 8 ) of t h e Bank H o l d i n g Company Act of 1956
New York

The C h a s e M a n h a t t a n C o r p o r a t i o n , New Y o r k , New York,
r e q u e s t s p e r m i s s i o n t o e s t a b l i s h a de^ novo o f f i c e
e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s (making or a c q u i r ing f o r i t s own a c c o u n t and f o r t h e a c c o u n t of o t h e r s ,
s e c u r e d l o a n s and o t h e r e x t e n s i o n s of c r e d i t i n c l u d i n g ,
but not l i m i t e d t o , consumer and b u s i n e s s l i n e s of c r e d i t ,
i n s t a l l m e n t l o a n s f o r p e r s o n a l , h o u s e h o l d and b u s i n e s s
p u r p o s e s , s e r v i c i n g of l o a n s and o t h e r e x t e n s i o n s of
c r e d i t ; t h e s a l e of t r a v e l e r s c h e c k s a t r e t a i l ; and
a c t i n g as insurance agent f o r c r e d i t l i f e , d i s a b i l i t y
and p r o p e r t y i n s u r a n c e d i r e c t l y r e l a t e d t o such l e n d i n g
and s e r v i c i n g a c t i v i t i e s ) a t 4313 La J o l l a V i l l a g e D r i v e ,
San D i e g o , C a l i f o r n i a , s e r v i n g t h e S t a t e of C a l i f o r n i a ,
t h r o u g h i t s s u b s i d i a r y , Chase M a n h a t t a n F i n a n c i a l S e r vices, Inc. (7/6/81)

New York

The Chase M a n h a t t a n C o r p o r a t i o n , New Y o r k , New York,
r e q u e s t s p e r m i s s i o n t o e s t a b l i s h a de novo o f f i c e
e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own a c c o u n t o r f o r t h e a c c o u n t of o t h e r s ,
l o a n s and o t h e r e x t e n s i o n s of c r e d i t such as would be
made by a c o m m e r c i a l f i n a n c e , equipment f i n a n c e o r
f a c t o r i n g company, i n c l u d i n g f a c t o r i n g a c c o u n t s
r e c e i v a b l e , making a d v a n c e s and o v e r - a d v a n c e s on
r e c e i v a b l e s and i n v e n t o r y and b u s i n e s s i n s t a l l m e n t
l e n d i n g as w e l l as unsecured commercial l o a n s ; s e r v i c i n g

2/

A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t . The Community
A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as
t o t h e l e n g t h of t h e comment p e r i o d .




H.2,

1981 No. 28

- 19 APPLICATIONS RECEIVED-Continued
l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; l e a s i n g on a f u l l
p a y o u t b a s i s p e r s o n a l p r o p e r t y or a c t i n g as a g e n t , b r o k e r
or a d v i s e r in l e a s i n g such p r o p e r t y , i n c l u d i n g t h e l e a s i n g of motor v e h i c l e s ) a t 5445 M a r i n e r S t r e e t , Tampa,
F l o r i d a , t h r o u g h i t s s u b s i d i a r y , Chase Commercial C o r p o r a tion (7/8/81)

New York

C i t i c o r p , New Y o r k , New York, r e q u e s t s p e r m i s s i o n t o expand
t h e s e r v i c e a r e a s of e x i s t i n g o f f i c e s e n g a g i n g i n t h e f o l lowing a c t i v i t i e s (making o r a c q u i r i n g of l o a n s and o t h e r
e x t e n s i o n s of c r e d i t , s e c u r e d o r u n s e c u r e d , f o r consumer
and o t h e r p u r p o s e s ; t h e e x t e n s i o n of l o a n s t o d e a l e r s f o r
t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and w o r k i n g
c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g f o r i t s
own a c c o u n t of s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t
r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g o r
l e v e l ( i n t h e c a s e of s i n g l e payment l o a n s ) t e r m l i f e
i n s u r a n c e by l i c e n s e d a g e n t s o r b r o k e r s , a s r e q u i r e d ;
t h e s a l e of c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y s u b j e c t t o a
s e c u r i t y agreement with C i t i c o r p Person-1o-Person F i n a n c i a l C e n t e r , I n c . , t o the e x t e n t p e r m i s s i b l e under
a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e
s a l e a t r e t a i l of money o r d e r s , t r a v e l e r s c h e c k s , U . S .
s a v i n g s b o n d s and consumer o r i e n t e d f i n a n c i a l management
c o u r s e s ; and t h e s e r v i c i n g , f o r any p e r s o n , of l o a n s and
o t h e r e x t e n s i o n s of c r e d i t ; t h e p r e v i o u s l y a p p r o v e d
s e r v i c e a r e a f o r b o t h o f f i c e s , c o m p r i s e d of t h e e n t i r e
S t a t e of V i r g i n i a f o r a l l of t h e a f o r e m e n t i o n e d a c t i v i t i e s
e x c e p t t h e s a l e of c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y
i n s u r a n c e , s h a l l be t h e same f o r t h a t a c t i v i t y a s w e l l ;
c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e may
b e w r i t t e n by F a m i l y G u a r d i a n L i f e I n s u r a n c e Company, an
a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r ,
I n c . ) a t 101 B u f o r d Road, Richmond, V i r g i n i a and 5718 E.
V i r g i n i a Beach B o u l e v a r d , N o r f o l k , V i r g i n i a , t h r o u g h i t s
subsidiary, Citicorp Person-to-Person Financial Center,
Inc. (7/6/81)

New York

C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n t o expand
t h e a c t i v i t i e s of e x i s t i n g o f f i c e s t o i n c l u d e t h e f o l l o w ing a c t i v i t i e s ( m a k i n g , a c q u i r i n g and s e r v i c i n g , f o r i t s
own a c c o u n t and f o r t h e a c c o u n t of o t h e r s , e x t e n s i o n s of
c r e d i t s e c u r e d by l i e n s on r e s i d e n t i a l r e a l e s t a t e ;
p r e v i o u s l y a p p r o v e d a c t i v i t i e s of t h e s e o f f i c e s a r e t h e
m a k i n g , a c q u i r i n g and s e r v i c i n g of e x t e n s i o n s of c r e d i t
s e c u r e d by second l i e n s on r e s i d e n t i a l r e a l e s t a t e ; t h e
p r e v i o u s l y a p p r o v e d s e r v i c e a r e a s of t h e o f f i c e s , c o m p r i s e d




#
H.2,

1981 No. 28

- 20 APPLICATIONS RECEIVED-Continued
of t h e e n t i r e S t a t e of C a l i f o r n i a , would be t h e same f o r
t h e new a c t i v i t i e s ) a t 6772-A M a g n o l i a Avenue, R i v e r s i d e ,
C a l i f o r n i a and Van Nuys C e n t e r B u i l d i n g , 5430 Van Nuys
B o u l e v a r d , S u i t e 204, Van Nuys, C a l i f o r n i a , t h r o u g h i t s
s u b s i d i a r y , C i t i c o r p Homeowners, I n c . ( 7 / 6 / 8 1 )

New York

C i t i c o r p , New Y o r k , New Y o r k , r e q u e s t s p e r m i s s i o n t o expand
t h e a c t i v i t i e s of f o u r e x i s t i n g o f f i c e s and t o expand t h e
s e r v i c e a r e a s of t h r e e of t h e s e o f f i c e s t o i n c l u d e t h e
f o l l o w i n g a c t i v i t i e s ( m a k i n g , a c q u i r i n g and s e r v i c i n g f o r
i t s own a c c o u n t a n d f o r t h e a c c o u n t of o t h e r s , of e x t e n s i o n s of c r e d i t s e c u r e d by l i e n s on r e s i d e n t i a l r e a l e s t a t e ;
t h e p r e v i o u s l y a p p r o v e d a c t i v i t i e s of t h e o f f i c e s i n c l u d e
t h e o r i g i n a t i n g ; f o r i t s own a c c o u n t and t h e a c c o u n t of
o t h e r s , of o n e - t o - f o u r f a m i l y r e s i d e n t i a l mortgage l o a n s ;
t h e Denver o f f i c e a l s o e n g a g e s i n t h e m a k i n g , a c q u i r i n g
and s e r v i c i n g of e x t e n s i o n s of c r e d i t s e c u r e d by second
l i e n s on r e s i d e n t i a l r e a l e s t a t e ; t h e s e r v i c e a r e a would
be expanded as f o l l o w s : D e n v e r , C o l o r a d o t o i n c l u d e a l l
of C o l o r a d o , C a l i f o r n i a , W a s h i n g t o n , O r e g o n , A r i z o n a , U t a h ,
I d a h o , Nevada, Montana, Wyoming and T e x a s ; A t l a n t a , G e o r g i a
t o i n c l u d e South C a r o l i n a , F l o r i d a , D i s t r i c t of C o l u m b i a ,
V i r g i n i a , M a r y l a n d and New J e r s e y ; and D a l l a s , Texas t o
i n c l u d e New M e x i c o , Oklahoma, A r k a n s a s , L o u i s i a n a , N o r t h
D a k o t a , South D a k o t a , K a n s a s , N e b r a s k a and C o l o r a d o ) a t
One Tarmarac S q u a r e , 7555 E a s t Hampden Avenue, D e n v e r ,
C o l o r a d o ; 219 P e r i m e t e r C e n t e r P a r k w a y , S u i t e 100, A t l a n t a ,
G e o r g i a ; Regency C e n t e r I I , 5501 LBJ F r e e w a y , S u i t e 123,
D a l l a s , T e x a s ; and 7535 L i t t l e R i v e r T u r n p i k e , S u i t e 3 2 0 ,
Annadale, V i r g i n i a , through i t s s u b s i d i a r y , C i t i c o r p
Homeowners, I n c . ( 7 / 6 / 8 1 )

New York

C i t i c o r p , New Y o r k , New York, r e q u e s t s p e r m i s s i o n t o expand
t h e a c t i v i t i e s of an e x i s t i n g o f f i c e t o i n c l u d e t h e f o l l o w ing a c t i v i t i e s ( p r e v i o u s l y a p p r o v e d a c t i v i t i e s :
t h e making
o r a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t , s e c u r e d
o r u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n of l o a n s t o d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y
( f l o o r p l a n n i n g ) and w o r k i n g c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own a c c o u n t of s a l e s f i n a n c e
c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t
and h e a l t h o r d e c r e a s i n g o r l e v e l ( i n t h e c a s e of s i n g l e
payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s o r
b r o k e r s , a s r e q u i r e d ; t h e making of l o a n s t o i n d i v i d u a l s
and b u s i n e s s e s t o f i n a n c e t h e p u r c h a s e of m o b i l e homes,
modular u n i t s or r e l a t e d m a n u f a c t u r e d h o u s i n g , t o g e t h e r
w i t h t h e r e a l p r o p e r t y t o which such h o u s i n g i s o r w i l l
be p e r m a n e n t l y a f f i x e d , such p r o p e r t y b e i n g u s e d as s e c u r i t y
f o r t h e l o a n s ; and t h e s e r v i c i n g f o r any p e r s o n , of l o a n s




1

H.2,

1981 No. 28

- 2 1 APPLICATIONS RECEIVED-Cont i n u e d
and o t h e r e x t e n s i o n s of c r e d i t ; t h e new a c t i v i t y i n which
t h e o f f i c e p r o p o s e s to e n g a g e de novo i s :
t h e s a l e of
c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g
r e a l and p e r s o n a l p r o p e r t y s u b j e c t t o a s e c u r i t y a g r e e m e n t
with C i t i c o r p Person-to-Person Financial Center, I n c . , t o
t h e e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e
laws and r e g u l a t i o n s ; t h e p r e v i o u s l y a p p r o v e d s e r v i c e
a r e a of t h e o f f i c e , c o m p r i s e d of t h e e n t i r e S t a t e of South
C a r o l i n a , would be t h e same f o r t h e new a c t i v i t y ; c r e d i t
r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r a n c e may b e w r i t t e n
by F a m i l y G u a r d i a n L i f e I n s u r a n c e Company, a n a f f i l i a t e of
C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ) . a t Dutch
P l a z a , 800 Dutch S q u a r e B o u l e v a r d , S u i t e 100, C o l u m b i a ,
South C a r o l i n a , through i t s s u b s i d i a r y , C i t i c o r p P e r s o n to-Person Financial Center, Inc. (7/10/81)

New York




C i t i c o r p , New York, New Y o r k , r e q u e s t s p e r m i s s i o n t o expand
t h e a c t i v i t i e s of an e x i s t i n g o f f i c e to i n c l u d e t h e f o l l o w i n g a c t i v i t i e s ( p r e v i o u s l y approved a c t i v i t i e s :
the purc h a s i n g and s e r v i c i n g f o r i t s own a c c o u n t of s a l e s f i n a n c e
c o n t r a c t s ; t h e e x t e n s i o n s of l o a n s t o d e a l e r s f o r t h e
f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and w o r k i n g c a p i t a l
p u r p o s e s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t
and h e a l t h o r d e c r e a s i n g o r l e v e l ( i n t h e c a s e of s i n g l e
payment l o a n s ) t e r m l i f e i n s u r a n c e by l i c e n s e d a g e n t s o r
b r o k e r s , a s r e q u i r e d ; t h e making of l o a n s t o i n d i v i d u a l s
and b u s i n e s s e s t o f i n a n c e t h e p u r c h a s e of m o b i l e homes,
modular u n i t s or r e l a t e d manufactured h o u s i n g , t o g e t h e r
w i t h t h e r e a l p r o p e r t y t o which such h o u s i n g i s o r w i l l
be p e r m a n e n t l y a f f i x e d , s u c h p r o p e r t y b e i n g u s e d a s
s e c u r i t y f o r t h e l o a n s ; and t h e s e r v i c i n g , f o r any p e r s o n ,
of l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; t h e new a c t i v i t y
i n which t h e o f f i c e p r o p o s e s t o e n g a g e i s : t h e s a l e of
c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g
r e a l and p e r s o n a l p r o p e r t y s u b j e c t t o a s e c u r i t y a g r e e m e n t
with C i t i c o r p Person-to-Person Financial Center, I n c . , t o
t h e e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e
laws and r e g u l a t i o n s ; t h e p r e v i o u s l y a p p r o v e d s e r v i c e
a r e a of t h e o f f i c e , c o m p r i s e d of t h e e n t i r e S t a t e of
N o r t h C a r o l i n a , would be t h e same f o r t h e new a c t i v i t y ;
c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r a n c e may
be w r i t t e n by F a m i l y G u a r d i a n L i f e I n s u r a n c e Company, an
a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r ,
I n c . ) a t 4915 Waters Edge D r i v e , R a l e i g h , N o r t h C a r o l i n a ,
through i t s s u b s i d i a r y , C i t i c o r p Person-to-Person F i n a n c i a l
Center, Inc. (7/10/81)

I

H.2,

1981 No. 28

- 22 APPLICATIONS RECEIVED-Continued

New York

C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand
t h e s e r v i c e a r e a of an e x i s t i n g o f f i c e e n g a g i n g in t h e
f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g of l o a n s and
o t h e r e x t e n s i o n s of c r e d i t , s e c u r e d o r u n s e c u r e d f o r c o n sumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n s of l o a n s to
d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g )
and working c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own a c c o u n t of s a l e s f i n a n c e c o n t r a c t s ;
t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h
or d e c r e a s i n g or l e v e l ( i n t h e c a s e of s i n g l e payment
l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s o r b r o k e r s ,
as r e q u i r e d ; t h e s a l e of c r e d i t r e l a t e d p r o p e r t y and
c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y
s u b j e c t to a s e c u r i t y agreement with C i t i c o r p P e r s o n - t o P e r s o n F i n a n c i a l C e n t e r , t o t h e e x t e n t p e r m i s s i b l e under
a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e making of l o a n s t o i n d i v i d u a l s and b u s i n e s s e s to f i n a n c e t h e
p u r c h a s e of m o b i l e homes, m o d u l a r u n i t s or r e l a t e d
manufactured housing, t o g e t h e r with the real property to
which such h o u s i n g i s o r w i l l be p e r m a n e n t l y a f f i x e d , such
p r o p e r t y b e i n g u s e d as s e c u r i t y f o r t h e l o a n s ; and t h e
s e r v i c i n g , f o r any p e r s o n , of l o a n s and o t h e r e x t e n s i o n s
of c r e d i t ; t h e p r e v i o u s l y a p p r o v e d s e r v i c e a r e a of t h e
o f f i c e , c o m p r i s e d of t h e e n t i r e S t a t e s of U t a h , A r i z o n a
and Wyoming f o r a l l t h e above a c t i v i t i e s e x c e p t the s a l e
of c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e whose
s e r v i c e a r e a i s Utah and A r i z o n a would be expanded t o
i n c l u d e t h e e n t i r e S t a t e of Wyoming f o r t h a t a c t i v i t y
as w e l l ; c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r a n c e may be w r i t t e n by F a m i l y G u a r d i a n L i f e I n s u r a n c e
Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r ) a t 3828 S o u t h M a i n , S u i t e 2 0 1 , S a l t Lake
City, Utah, through i t s s u b s i d i a r y , C i t i c o r p Person-toPerson F i n a n c i a l Center ( 7 / 1 0 / 8 1 )

New York

D e u t s c h e Bank AG, F r a n k f u r t , Germany, r e q u e s t s p e r m i s s i o n
t o expand t h e a c t i v i t i e s of an e x i s t i n g o f f i c e t o i n c l u d e
the following a c t i v i t i e s (performing i n c i d e n t a l s e c u r i t i e s
c u s t o d i a l s e r v i c e s f o r a l i m i t e d g r o u p of A t l a n t i c C a p i t a l
Corporation's brokerage c l i e n t s , primarily foreign f i n a n c i a l i n s t i t u t i o n s doing b u s i n e s s in the United S t a t e s
w i t h i t s U.S. s u b s i d i a r y ) a t 40 Wall S t r e e t , New York,
New Y o r k , t h r o u g h i t s s u b s i d i a r y , A t l a n t i c C a p i t a l C o r poration (7/9/81)

Philadelphia

Provident National Corporation, Philadelphia, Pennsylvania,
for approval to a c q u i r e L.S. Consulting Corp. d / b / a L i t t l e wood, S h a i n & Company, Wayne, P e n n s y l v a n i a .




l

H.2,

1981 No. 28

- 2 3 APPLICATIONS RECEIVED-Coatinued

Cleveland

Mellon National C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , not i f i c a t i o n of i n t e n t t o e n g a g e i n de novo a c t i v i t i e s (comm e r c i a l l e n d i n g i n c l u d i n g a c c o u n t s r e c e i v a b l e and i n v e n t o r y
f i n a n c e and l e a s i n g a c t i v i t i e s ) a t 1415 West 32nd S t r e e t ,
Oak B r o o k , I l l i n o i s , s e r v i n g t h e S t a t e s of I l l i n o i s ,
W i s c o n s i n , I n d i a n a , M i c h i g a n , O h i o , P e n n s y l v a n i a , West
V i r g i n i a , K e n t u c k y , M i s s o u r i and New J e r s e y , t h r o u g h i t s
s u b s i d i a r y , Freedom F i n a n c i a l S e r v i c e s C o r p o r a t i o n
(7/6/81)

Chicago

I r w i n Union C o r p o r a t i o n , Columbus, I n d i a n a , n o t i f i c a t i o n of
i n t e n t t o e n g a g e i n de novo a c t i v i t i e s ( m o r t g a g e company
b u s i n e s s , i n c l u d i n g t h e o r i g i n a t i o n of f i r s t m o r t g a g e l o a n s
on s i n g l e f a m i l y r e s i d e n c e s s second m o r t g a g e l o a n s , m u l t i f a m i l y m o r t g a g e l o a n s and commercial m o r t g a g e l o a n s ) a t an
o f f i c e i n Tampa, F l o r i d a and a t S u i t e 2 0 1 , Oakwood E x e c u t i v e
C e n t r e , 414 P l a z a D r i v e , Westmont, I l l i n o i s ; S u i t e 101, 4710
Auth P l a c e , Camp S p r i n g s , M a r y l a n d ; S u i t e 8 0 8 , 5900 P r i n c e s s
G a r d e n P a r k w a y , Lanham, M a r y l a n d ; 14527 J e f f e r s o n D a v i s
Highway, W o o d b r i d g e , V i r g i n i a , t h r o u g h i t s s u b s i d i a r y ,
Inland Mortgage C o r p o r a t i o n ( 6 / 3 0 / 8 1 )

Chicago

M i d - C o n t i n e n t a l B a n c o r p o r a t i o n , I n c . , Milwaukee, Wisconsin,
n o t i f i c a t i o n of i n t e n t t o e n g a g e i n de novo a c t i v i t i e s
( i n t h e s a l e of i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s
of c r e d i t i n c l u d i n g c r e d i t l i f e , m o r t g a g e l i f e , m o r t g a g e
d i s a b i l i t y , a u t o m o b i l e , homeowners, unemployment and l o s s
of income i n s u r a n c e ) a t 3315 West V i l l a r d Avenue, Milwaukee;
131 West L a y t o n Avenue, M i l w a u k e e ; 7600 West Hampton Avenue,
M i l w a u k e e ; and 735 West W i s c o n s i n , M i l w a u k e e , a l l l o c a t e d i n
W i s c o n s i n , s e r v i n g t h e m e t r o p o l i t a n Milwaukee a r e a , t h r o u g h
i t s s u b s i d i a r y , C o n t i n e n t a l Banks I n s u r a n c e S e r v i c e s , I n c .
(7/3/81)

Chicago

Packwood F i n a n c i a l , I n c . , Packwood, I o w a , f o r a p p r o v a l t o
merge w i t h B a k o r p , I n c . , M a n h a t t a n , Kansas and t o e n g a g e
i n l e a s i n g p e r s o n a l p r o p e r t y and g e n e r a l i n s u r a n c e t h r o u g h
t h e p u r c h a s e o f W i l l i a m s - N e w l i n I n s u r a n c e Agency, Packwood,
Iowa.

Kansas C i t y

Omaha N a t i o n a l C o r p o r a t i o n , Omaha, N e b r a s k a , t o expand t h e
m o r t g a g e b a n k i n g a c t i v i t i e s of i t s w h o l l y - o w n e d s u b s i d i a r y ,
R e a l b a n c , I n c . , Omaha, N e b r a s k a , t o a de novo o f f i c e t o be
l o c a t e d i n Oklahoma C i t y , Oklahoma; t h e g e o g r a p h i c a r e a t o
be s e r v e d by t h i s new b r a n c h o f f i c e w i l l i n c l u d e t h e S t a t e
of Oklahoma ( 7 / 1 0 / 8 1




#
H.2,

1981 No. 28

- 24 APPLICATIONS RECEIVED-Continued

Dal l a s

F i r s t C i t y B a n c o r p o r a t i o n of T e x a s , I n c . , H o u s t o n , T e x a s ,
f o r a p p r o v a l t o a c q u i r e Thompson Tuckman A n d e r s o n , I n c . ,
P a l o A l t o , C a l i f o r n i a and t h e r e b y a c t as i n v e s t m e n t o r
f i n a n c i a l advisor to i n d i v i d u a l s a t o f f i c e s in Houston.

San
Francisco

BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , 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 (maki n g o r a c q u i r i n g f o r i t s own a c c o u n t l o a n s and o t h e r e x t e n s i o n s of c r e d i t such a s would be made or a c q u i r e d by
a f i n a n c e company, s e r v i c i n g l o a n s and o t h e r e x t e n s i o n s
of c r e d i t and o f f e r i n g c r e d i t r e l a t e d l i f e , c r e d i t r e l a t e d
a c c i d e n t and h e a l t h and c r e d i t r e l a t e d p r o p e r t y i n s u r a n c e ;
such a c t i v i t i e s w i l l i n c l u d e , but n o t be l i m i t e d t o , making consumer i n s t a l l m e n t l o a n s ; p u r c h a s i n g i n s t a l l m e n t
s a l e s f i n a n c e c o n t r a c t s ; making l o a n s and o t h e r e x t e n s i o n s
of c r e d i t to s m a l l b u s i n e s s e s ; making l o a n s and o t h e r
e x t e n s i o n s of c r e d i t s e c u r e d by r e a l and p e r s o n a l p r o p e r t y ; and o f f e r i n g c r e d i t r e l a t e d l i f e , c r e d i t r e l a t e d
a c c i d e n t and h e a l t h and c r e d i t r e l a t e d p r o p e r t y i n s u r a n c e
d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or a c q u i r e d
by F i n a n c e A m e r i c a Consumer D i s c o u n t Company) a t W h i t e p a i n
Shopping C e n t e r , 1500 DeKalb P i k e , U . S . 202, N o r r i s t o w n ,
P e n n s y l v a n i a , s e r v i n g t h e e n t i r e S t a t e of P e n n s y l v a n i a ,
t h r o u g h i t s i n d i r e c t s u b s i d i a r y , F i n a n c e A m e r i c a Consumer
D i s c o u n t Company ( a P e n n s y l v a n i a C o r p o r a t i o n ) ( 7 / 7 / 8 1 )

San
Francisco

I m p e r i a l B a n c o r p , I n g l e w o o d , C a l i f o r n i a , n o t i f i c a t i o n of
i n t e n t t o e n g a g e i n de novo a c t i v i t i e s ( p r o v i d i n g b o o k k e e p i n g o r d a t a p r o c e s s i n g s e r v i c e s and s t o r i n g and
p r o c e s s i n g o t h e r b a n k i n g , f i n a n c i a l , o r r e l a t e d economic
d a t a and management c o n s u l t i n g a d v i c e t o n o n a f f i l i a t e d
b a n k s ; t h e company w i l l be s u b s t a n t i a l l y owned and c o n t r o l l e d by a w h o l l y - o w n e d s u b s i d i a r y of I m p e r i a l B a n c o r p ,
I m p e r i a l D a t a R e s o u r c e s , I n c . ( " I D R " ) ; i n a d d i t i o n , IDR
w i l l o p e r a t e a w h o l l y owned s u b s i d i a r y , I m p e r i a l D a t a
R e s o u r c e s S e r v i c e s , I n c . ("IDR S e r v i c e s " ) which w i l l
provide services to or perform s e r v i c e s for Imperial
Bancorp and i t s s u b s i d i a r i e s a s w e l l a s p r o v i d i n g b o o k k e e p i n g o r d a t a p r o c e s s i n g s e r v i c e s and s t o r i n g and
p r o c e s s i n g o t h e r b a n k i n g , f i n a n c i a l o r r e l a t e d economic
d a t a ) I D R ' s a c t i v i t i e s a r e h e a d q u a r t e r e d and t h e e x e c u t i v e
o f f i c e s a r e l o c a t e d a t 9920 S o . La C i e n e g a B o u l e v a r d ,
I n g l e w o o d , C a l i f o r n i a ; IDR-VA's a c t i v i t i e s w i l l be
c o n d u c t e d t h r o u g h o u t t h e S t a t e of V i r g i n i a f r o m an
o f f i c e l o c a t e d a t 9607 G a y t o n Road, Richmond, V i r g i n i a
and IDR S e r v i c e s w i l l c o n d u c t i t s a c t i v i t i e s t h r o u g h o u t
t h e S t a t e of C a l i f o r n i a from an o f f i c e l o c a t e d a t 11407
S o u t h W e s t e r n A v e n u e , Los A n g e l e s , C a l i f o r n i a , t h r o u g h
a second t i e r s u b s i d i a r y , I m p e r i a l D a t a R e s o u r c e s - V i r g i n i a ,
I n c . ( t h e "IDR-VA.") ( 7 / 6 / 8 1 )




H.2, 1981 No. 28

- 25 APPLICATIONS RECEIVED-Cont inued

San
Francisco

Puget Sound Bancorp, Tacoma, Washington, f o r approval to
acquire two nonbank s u b s i d i a r i e s of Bank, Telecheck
Washington, I n c . and Check S e r v i c e s Northwest, I n c .

San
Francisco

S e c u r i t y P a c i f i c Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t 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 o t h e r s , loans and e x t e n s i o n s of c r e d i t , i n c l u d i n g making consumer i n s t a l l m e n t personal l o a n s ,
purchasing consumer i n s t a l l m e n t s a l e s finance c o n t r a c t s ,
making loans to small b u s i n e s s e s and other e x t e n s i o n s
- of c r e d i t such as would be made by a f a c t o r i n g company
or a consumer finance company) a t 990 Washington S t r e e t ,
Dedham, Massachusetts, s e r v i n g the S t a t e of Massachusetts,
through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c Finance Corp.
(7/7/81)

San
Francisco

S e c u r i t y P a c i f i c Corporation, Los Angeles, C a l i f o r n i a ,
n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s
(making, acquiring and s e r v i c i n g loans and other e x t e n s i o n s of c r e d i t ; s e l l i n g and i s s u i n g investment c e r t i f i c a t e s ; and acting as agent for the s a l e of c r e d i t r e lated l i f e , c r e d i t r e l a t e d accident and h e a l t h and c r e d i t
r e l a t e d property insurance, a l l as authorized by C a l i f o r n i a law) in the c i t y of Encino, C a l i f o r n i a , s e r v i n g
the S t a t e of C a l i f o r n i a , through i t s s u b s i d i a r y , S e c u r i t y
P a c i f i c Finance Money Center Inc. ( 7 / 7 / 8 1 )




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REPORTS RECEIVED
None.
* * * * *

PETITIONS FOR RULEMAKING
None.