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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1977 No. 27)
Actions of the Board; Applications and Reports
Received During the Week Ending July 2, 1977
ACTIONS OF THE BOARD
Document entitled "The Burden of Federal Reserve Membership,
NOW Accounts, and the Payment of Interest on Reserve Balances," sent to members of the Senate Banking, Housing,
and Urban Affairs Committee and to selected members of
the House Banking, Finance and Urban Affairs Committee.
Request by First Womenf s Bank, New York, New York, for consent to interlocking relationships under the Board's
minority bank exception to Regulation L, Interlocking
Bank Relationships Under the Clayton Act.
Amendment to Regulation V, Loan Guarantees for Defense Production, changing the name of the Defense Supply Agency
to the Defense Logistics Agency.
Report on bills H.R. 2733, H.R. 3928, and H.R. 6954, bills
that involve activities of certain Federal employees and
officers, letter to Chairman Nix of the House Committee
on Post Office and Civil Service.
First Security Corporation, Salt Lake City, Utah, letter
relating to proposed divestiture of interest in First
Security Savings and Loan Association, Pocatello, Idaho.
Huntington National Bank of Beliefontaine, Beliefontaine,
Ohio, proposed merger with Beliefontaine National Bank,
Beliefontaine, Ohio, report to the Comptroller of the
Currency on competitive factors. 1/
Huntington National Bank of London, London, Ohio, proposed
merger with The Central National Bank of London, London,
Ohio, report to the Comptroller of the Currency on competitive factors. 1/
T7

Application processed on behalf of the Board of Governors under delegated
authority.




H.2j 1977 No. 27

-

2

-

ACTIONS OF THE BOARD-Continued
Josey State Bank, Carrollton, Texas, proposed merger with
First Bank & Trust, Carrollton, Texas, report to the
Federal Deposit Insurance Corporation on competitive
factors. 1/
Yarmouth Bank, National Association, Yarmouth, Massachusetts,
proposed merger with The First National Bank of Yarmouth,
Yarmouth, Massachusetts, report to the Comptroller of the
Currency on competitive factors. 1/
Banks of Iowa, Inc., Cedar Rapids, Iowa, extension of time
to August 31, 1977, within which to acquire shares of
First Trust & Savings Bank, Davenport, Iowa. 1/
First Maywood, Inc., Maywood, Illinois, extension of time
to August 11, 1977, within which to become a bank holding
company through acquisition of 100 per cent of the voting
shares (less directors' qualifying shares) of the successor by merger to the First National Bank of Maywood,
Maywood, Illinois. 1/
First Okmulgee Corporation, Okmulgee, Oklahoma, extension
of time to September 30, 1977, within which to consummate
the acquisition of First National Bank & Trust Company,
Okmulgee, Oklahoma. 1/ .
Windsor Bancshares, Inc., Windsor, Missouri, extension of
time to August 1, 1977, within which to file its registration statement. 1/
Farmers State Bank of Yuma, Yuma, Colorado, investment in
bank premises. 1/

TJ

Application processed on behalf of the Board of Governors under delegated
authority.




H.2, 1977 No. 27

- 3 ACTIONS OF THE BOARD-Continued

To Establish a Domestic Branch Pursuant to Section 9
of the Federal Reserve Act
Approved
Fidelity Union Trust Company, Newark, New Jersey. Branch
to be established in The Rickelf s Pathmark Shopping
Center at the intersection of Route 22 and Springfield
Road, Union Township. 2/
Long Island Trust Company, Garden City, New York. Branch
to be established in the Southwest corner of Horseblock
Road and County Road 83, Farmingville, Suffolk County. 2/
* * * * *

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
Piedmont Bank, Collinsville, Virginia. 2/
* * * * *

To Merge Pursuant to Section 18(c) of the Federal
Deposit Insurance Act
Approved
Piedmont Bank, Collinsville, Virginia, for prior approval
to merge with Piedmont Trust Bank, Collinsville, Virginia.
2/
* * * * *

To Organize, or Invest in, a Corporation Doing Foregin
Banking and Other Foreign Financing Pursuant to Section
25 or 25(a) of the Federal Reserve Act
Approved
Philadelphia National Bank: To establish an Edge Corporation to be known as "Philadelphia Overseas Banking Corporation", Philadelphia, Pennsylvania.
2?

Application processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.




H.2, 1977 No. 27

- 4 ACTIONS OF THE BOARD-Continued

International Investment and Other Actions Pursuant
to Sections 25 and 25(a) of the Federal Reserve Act
and Sections 4(c)(9) and 4(c)(13) of the Bank Holding
Company Act of 1956, as amended
Approved
Chase Manhattan Bank, National Association: Investment additional shares in Familienbank, A.G., Dusseldorf,
Germany, including a merger of Chase Manhattan Bank,
N.A., German Subsidiaries.
Citibank Overseas Investment Corporation: Investment indirectly acquire additional shares of Citicorp Credit
Multiple (CREDIM), Dijon, France.
Bamerical International Financial Corporation: Investment
- additional shares of Lisban, S.A., Madrid, Spain.
* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Withdrawn
The Mattatuck Bancorp, Inc., Waterbury, Connecticut, for
approval to acquire 80 per cent (less directors' qualifying shares) of the voting shares of The Mattatuck Bank
and Trust Company, Waterbury, Connecticut.
Approved
Piedmont Bankgroup Incorporated, Martinsville, Virginia,
for approval to acquire 100 per cent of the voting shares
of the successors by merger to Piedmont Trust Bank,
Collinsville, Virginia and Bank of Carroll, Hillsville,
Virginia. 2/
Norris Bancor Ltd., Cantril, Iowa, for approval to acquire
80 per cent or more of the voting shares of State Savings
Bank, Cantril, Iowa. 2/
OLD CANAL BANKSHARES, INC., Lockport, Illinois, for approval
to acquire 80 per cent or more of the voting shares of
Heritage First National Bank of Lockport, Lockport,
Illinois. 2/
27

Application processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.




H.2, 1977 No. 27

5 ACTIONS OF THE BOARD-Continued

DCB Investment Co., Inc., David City, Nebraska, for approval to acquire 80 per cent or more of the voting
shares of David City Bank, David City, Nebraska. 2J
Midland Capital Co., Oklahoma City, Oklahoma, for approval to acquire 100 per cent of the voting shares (less
directors1 qualifying shares) of Northwest Bank, Oklahoma
City, Oklahoma.
* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Approved
Florida Bankshares, Inc., Hollywood, Florida, for approval
to acquire an additional 12.5 per cent of the voting
shares of First National Bank of Sebring, Sebring,
Florida.
Valley Bancorporation, Appleton, Wisconsin, for approval
to acquire 80 per cent or more of the voting shares of
Shawano National Bank, Shawano, Wisconsin.
J.R. Montgomery & Co., Lawton, Oklahoma, for approval to
retain 3,730 voting shares of The City National Bank and
Trust Company of Lawton, Oklahoma, Lawton, Oklahoma. 2/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Permitted
Citicorp, New York, New York, notification of intent to
relocate de novo activities (making of consumer installment personal loans, purchasing consumer installment
sales finance contracts; sale of credit related life/
accident and health insurance; and sale by a licensed
agent of insurance which protects personal and real property subject to a security agreement with Nationwide
2?

Application processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.




H.2, 1977 No. 27

~ 6 ACTIONS OF THE BOARD-Continued

Financial Corporation of New Mexico) from 3416 Central
Avenue, S.E., Albuquerque, New Mexico to Coronado Shopping Center, corner of Menaul & Louisiana, N.E.,
Albuquerque, New Mexico, through its subsidiary, Nationwide Financial Corporation of New Mexico (7/1/77) 3/
Barnett Banks of Florida, Inc., Jacksonville, Florida, notification of intent to engage in de novo activities
(performing or carrying on any one or more of the functions or activities.that may be performed or carried on
by a trust company including activities of a fiduciary,
agency or custodial nature in the manner authorized by
Federal and State law; provided however, that loans and
investments will be made and deposits accepted only in
conformity with Regulations of the Board of Governors of
the Federal Reserve System) at 11 Fifth Street, Southwest, Winter Haven, Florida, through a subsidiary,
Barnett Banks Trust Company, N.A. (6/26/77) 3/
Fulton National Corporation, Atlanta, Georgia, notification
of intent to engage in de novo activities (the sale of
credit life insurance and credit disability insurance
directly related to extensions of credit by The Fulton
National Bank of Atlanta, a subsidiary of Applicant) at
55 Marietta Street, N.W., Atlanta, Georgia (6/30/77) 3/
Associated Bank Corporation, Mason City, Iowa, notification
of intent to engage in d£ novo activities (leasing personal property and equipment or acting as agent, broker,
or adviser in leasing of such property where at the
inception of the initial lease the expectation is that
the effect of the transaction and reasonably anticipated
future transactions with the same lessee as to the same
property will be to compensate the lessor for not less
than the lessor's full investment in the property plus
the estimated total cost of financing the property over
the term of the lease and where the lease otherwise
conforms with Section 225.4(a)(6)(a) of Regulation Y, as
amended, by the Board of Governors of the Federal Reserve
System) at 5 West State Street, Mason City, Iowa, through
its subsidiary, Leasing, Inc. (6/26/77) 3/
Midland Bancorp, Inc., Chicago, Illinois, notification of
intent to engage in d£ novo activities (the business of
making consumer installment loans and consumer finance
loans) at Suite 103, 106 Wilmot Road, Deerfield, Illinois,
through its subsidiary, SBT Financial Corp. (7/1/77) 3J

3/

4(c)(8) and 4(c) (12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1977 No. 27

7
ACTIONS OF THE BOARD-Continned

County National Bancorporation, St. Louis, Missouri, notification of intent to engage in de novo activities (the
business of originating, making, acquiring, and servicing
of real estate loans and other extensions of credit such
as would be made by a real estate mortgage company; and
acting as an agent or broker in the sale of credit life
insurance and credit health and accident insurance which
is directly related to extensions of mortgage loan credit
and mortgage loan servicing) at The Clayton Tower, Suite
602, 7751 Carondelet, Clayton, Missouri, through its
subsidiary, General Mortgage Company (7/5/77) 3/
County National Bancorporation, St. Louis, Missouri, notification of intent to engage in <te novo activities (the
business of originating, making, acquiring, and servicing
of real estate loans and other extensions of credit such
as would be made by a real estate mortgage company; and
acting as an agent or broker in the sale of credit life
insurance and credit health and accident insurance which
is directly related to extensions of mortgage loan credit
and mortgage loan servicing) at 305 Eastgate Building,
Columbia, Missouri, through its subsidiary, General
Mortgage Company (7/5/77) 3/
County National Bancorporation, St. Louis, Missouri, notification of intent to engage in de novo activities (the
business of origination, making, acquiring, and servicing
of real estate loans and other extensions of credit such
as would be made by a real estate mortgage company) at
10111 Lincoln Trail, Fairview Heights, Illinois, through
its subsidiary, General Mortgage Company (7/5/77) 3/
County National Bancorporation, St. Louis, Missouri, notification of intent to engage in de novo activities (the
business of originating, making, acquiring, and servicing
of real estate loans and other extensions of credit such
as would be made by a real estate mortgage company; and
acting as an agent or broker in the sale of credit life
insurance and credit health and accident insurance which
is directly related to extensions of mortgage loan credit
and mortgage loan servicing) at The Tower Building, 116
West 47th, Kansas City, Missouri, through its subsidiary,
General Mortgage Company (7/5/77) 3/
3/

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H. 2,- 1977 No. 27

—

8

—

ACTIONS OF THE BOARD-Continued
Mercantile Bancorporation Inc., St. Louis, Missouri, notification of intent to relocate d<3 novo activities
(making, acquiring, or servicing loans or other extensions of credit for personal, family or household purposes such as are made by a finance company; and acting
as insurance agent or broker in connection with selling
to consumer finance borrowers credit life insurance and
credit accident and health insurance) from 2796 Lakewood
Avenue S.W., Atlanta, Georgia to 3375 Roosevelt Highway,
Red Oak, Georgia, through its subsidiary, Franklin Finance Company (6/30/77) 3/
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making or acquiring, for its own account loans and other
extensions of credit such as would be made or acquired by
a finance company and servicing loans and other extensions
of credit; such activities will include, but not be
limited to, making consumer installment loans, purchasing
installment sales finance contracts, making loans and
other extensions of credit to small businesses, and
making loans secured by real and personal property;
acting as agent or broker for the sale of credit related
life and credit related accident and disability insurance
in connection with extensions of credit made or acquired
by FinaneeAmerica Consumer Discount Company) at Royal
Oaks Shopping Center, Golden Mile Highway, Monroeville,
Pennsylvania, through its indirect subsidiary, FinanceAmerica Consumer Discount Company (6/30/77) 3/
BankAmerica Corporation, San Francisco, California, notification of intent to relocate de novo activities (making
or acquiring, for their own account extensions of credit
such as would be made or acquired by a finance company;
FinaneeAmerica Corporation will engage in making consumer
installment loans, loans and other extensions of credit
to small businesses and loans secured by real or personal
property; FinanceAmerica Industrial Plan, Inc. will
engage in purchasing installment sales finance contracts;
both corporations will act as agent or broker for the
sale of credit related life and credit related accident
and disability insurance and credit related property
insurance in connection with extensions of credit made or
3/

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1977 No. 27

- 9 ACTIONS OF THE BOARD-Continued

acquired by FinaneeAmerica Corporation or FinanceAmerica
Industrial Plan, Inc.) from 249 West Orange Avenue, Cocoa
Beach, Florida to 715 North Courtenay Parkway, Merritt
Island, Florida, through its indirect subsidiaries, FinanceAmerica Corporation (a Florida Corporation) and FinanceAmerica Industrial Plan, Inc. (6/30/77) 3/
Approved
Continental Illinois Corporation, Chicago, Illinois, for
approval to acquire Great Lakes Life Insurance Company,
Phoenix, Arizona.
Midland Capital Co., Oklahoma City, Oklahoma, for approval
to acquire 75 per cent of the voting shares of Midland
Mortgage Co. and Johnston-Records Co., both in Oklahoma
City, Oklahoma.
Denied
NBC Co., Lincoln, Nebraska, for approval to acquire 100
per cent of the voting shares of Fremont State Company,
Fremont, Nebraska.

1[7

4(c)(8) and 4(c) (12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2* 1977 No. 27

- 1 0 -

APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
The Southern Ohio Bank, Cincinnati, Ohio. Branch to be
established at Cornell Road and Reed Hartman Highway,
Blue Ash, Hamilton County.
The Peoples Savings Bank Company, Delta, Ohio. Branch
to be established, at 110 Airport Highway, Swanton, Fulton
County
The Western Security Bank, Sandusky, Ohio. Branch to be
established in the Sandusky Mall, State Route #250 and
Hull Road, Unit 350, Perkins Township, Erie County.
The Harter Bank and Trust Company, Canton, Ohio. Branch
to be established in the immediate vicinity of Locust
Street and Towpath Street, Canal, Fulton Stark County.
The Detroit Bank-Southfield, Southfield, Michigan. Branch
to be established at the southeast corner of Southfield
and Mt. Vernon Roads, Southfield, Oakland County.
Manufacturers Bank of Livonia, Livonia, Michigan. Branch
to be established in the vicinity of the northwest corner
of Six Mile Road and Newburgh Road, Livonia, Wayne
County.
First Bank and Trust Company of South Bend, South Bend,
Indiana. Branch to be established at 3606 E. Cedar St.
(within Thrif-T-Mart Supermarket, Inc.) South Bend, St.
Joseph County.
* * * * *

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
40 Main Street Bank, Hempstead, New York.
Utah Independent Bank, Salina, Utah.
Sandy State Bank, Sandy, Utah.




H.2, 1977 No. 27

—

11 —

APPLICATIONS RECEIVED-Continued
To Merge Pursuant to Section 18(c) of the Federal
Deposit Insurance Act
40 Main Street, Hempstead, New York, for prior approval
to merge with Hempstead Bank, Hempstead, New York.
* * * * *

To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Rainier National Bank:

Branch - Manila, Philippines.

Security Pacific National Bank:
Philippines.

Branch - Makati,

* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Columbus Bancshares, Inc., Columbus, Kansas, for approval to acquire 90.92 per cent of the voting shares of
The Columbus State Bank, Columbus, Kansas.
Jackson Hole Banking Corporation, Jackson, Wyoming, for
approval to acquire 80 per cent of the voting shares of
The Jackson State Bank, Jackson, Wyoming.
Rose Creek, Inc., Hubbell, Nebraska, for approval to
acquire 100 per cent (less directors1 qualifying shares)
of the voting shares of Hubbell Bank, Hubbell, Nebraska.
* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Ameribanc, Inc., St. Joseph, Missouri, for approval to
acquire 80 per cent or more of the voting shares of
Morgan County Bank, Versailles, Missouri.




H.2., 1977 No. 27

—

12 —

APPLICATIONS RECEIVED-Continued
United Banks of Colorado, Inc., Denver, Colorado, for approval to acquire 80 per cent or more of the voting
shares of United Bank of Arvada National Association,
Arvada, Colorado, a proposed new bank.
* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Shawmut Corporation, Boston, Massachusetts and Texas
American Bancshares, Inc., Fort Worth, Texas, notification of intent to continue to engage in de_ novo
activities (agricultural commodity financing, servicing
such financing and related and incidental activities, and
in general, making, servicing or acquiring, for its own
account or for the account of others, loans and other
extensions of credit to agricultural enterprises or
secured by agricultural commodities) in Arizona, California, Idaho, Iowa, Nevada, Utah, and Wyoming, through a
joint venture, American AgCredit Corporation, Guymon,
Oklahoma at offices in Guymon, Oklahoma; Amarillo, Texas;
and Denver, Colorado (6/29/77) 3/
Chemical New York Corporation, New York, New York, notification of intent to engage in de novo activities (extending direct loan credit, purchasing sales finance
contracts, and making such other extensions of credit as
would be made or acquired by a consumer finance company
operating under the South Carolina Consumer Protection
Code; and providing, at the election of debtors of said
consumer finance company, group credit life/accident and
health insurance directly related to such extensions of
credit) at CP&L Building, 2160 Hoffmeyer Road, Florence,
South Carolina, through its subsidiary, Sun Finance
Company-1203, Inc. (7/1/77) V
Chemical New York Corporation, New York, New York, notification of intent to engage in de novo activities (extending direct loan credit, purchasing sales finance
contracts and making such other extensions of credit as
would be made or acquired by a consumer finance company
3?

4(c)(8) and 4(c) (12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1977 No. 27

- 13 APPLICATIONS RECEIVED-Continued

operating under the Indiana Uniform Consumer Credit Code;
and providing, at the election of debtors of said consumer finance company, group credit life and group accident and health insurance directly related to such extensions of credit) at Ayr-Way South Shopping Center, 3788
South East Street, Indianapolis, Indiana, through its
subsidiary, SunAmerica Financial Corp. (7/1/77) 3/
Fidelcor, Inc., Rosemont, Pennsylvania, notification of
intent to relocate (ie novo activities (making and acquiring, consumer and mortgage loans to individuals including
second mortgages on properties in N.J. where the loans
are owned by direct or indirect subsidiaries of Fidelcor;
engaging in a general consumer finance business; purchasing installment contracts arising from the sale of personal property or services; and, with respect to all of
the above, selling credit life and credit accident and
health insurance, mortgage life and disability insurance,
accidental death insurance and casualty insurance on the
collateral; and through Master Life Insurance Company, an
indirect subsidiary of Fidelcor, reinsuring consumer type
credit life insurance sold; the location indicated is
relevant to the reinsurance only as establishing a location
of credit transactions to which the insurance relates)
from 92 Roosevelt Avenue, Carteret, New Jersey to 1363
Roosevelt Avenue, Carteret, New Jersey, through its
subsidiary, Fidelcor Financial Centers, Inc. (6/24/77) 3/
Union Trust Bancorp, Baltimore, Maryland, notification of
intent to engage in de novo activities (make secondary
mortgage loans secured in whole or in part by mortgage,
deed of trust, security agreement, or other lien on real
estate situated in the State of South Carolina which
property may be subject to one or more encumbrances or
other leasehold interests; and act as agent in the sale
of credit life insurance and credit accident and health
insurance in connection with its extension of credit) at
4 Carriage Lane, Charleston, South Carolina, through its
subsidiary, Union Home Loan Corporation (6/30/77) 3/
17

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2) 1977 No. 27

- 14 APPLICATIONS RECEIVED-Continued

Landmark Banking Corporation of Florida, Fort Lauderdale,
Florida, for permission to engage de novo in providing
bank management consulting advice which would include
advice concerning bank operations, systems and procedures, computer operations and mechanization, cost
analysis and site planning.
Financial Services Corporation of the Midwest, Rock Island,
Illinois, for approval to acquire the voting shares of
Federal Discount Corporation, Dubuque, Iowa (engaged in
making consumer installment personal loans, purchasing
consumer installment sales finance contracts, and acting
as agent for the sale of consumer credit related life and
accident and health insurance)
Investment Management, Inc., Bettendorf, Iowa, for permission to retain the shares of Lloyd's Plan, Inc., Davenport,
Iowa (engaged in operating a small loan company and
industrial loan company under the laws of the State of
Iowa and the sale of credit related insurance)
River Cities Investment Co., Bettendorf, Iowa, for permission to retain the shares of Lloyd's Plan, Inc., Davenport,
Iowa (engaged in operating a small loan company and
industrial loan company under the laws of the State of
Iowa and the sale of credit related insurance)
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making and acquiring, for its own account loans and other
extensions of credit such as would be made or acquired by
a finance company and servicing loans and other extensions of credit; such activities will include, but not be
limited to, making loans and other extensions of credit
to small businesses and making loans secured by real
property; acting as agent or broker for the sale of
credit related life insurance in connection with extensions of credit made or acquired by FinaneeAmerica Mortgage Services, Inc.) at 762 Wolcott Road, Waterbury,
Connecticut, through its indirect subsidiary, FinanceAmerica Mortgage Services, Inc. (6/24/77) 3/
37

4(c)(8) and 4(c) (12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1977 No. 27

15 APPLICATIONS RECEIVED-Cont inued

Security Pacific Corporation, Los Angeles, California, notification of intent to relocate de novo activities (making and acquiring, for its own account or for the account
of others, loans and other extensions of credit including
secured and unsecured consumer, commercial and agricultural loans, sale contracts and other forms of receivables
and such other types of loans and credit extensions as
are customarily made or acquired by a finance company;
and acting as broker or agent for the sale of creditrelated life/accident and health insurance and creditrelated property and casualty insurance) from 1214 Main
to 5193 Overland, Boise, Idaho, through its subsidiary,
The Bankers Investment Company (6/27/77) 3/
United Bancorp, Roseburg, Oregon, notification of intent
to engage in d£ novo activities (to provide bookkeeping
or data processing services for the internal operations
of the holding company and its subsidiaries; to store and
process other banking, financial or related economic data
such as performing payroll, accounts receivable or payable,
or billing services) at S.E. Oak and Kane Streets, Roseburg,
Oregon, through its subsidiary, United D.P. Co. (6/23/77)
3/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(12) of the Bank Holding Company Act of 1956
American Financial Corporation, Cincinnati, Ohio, and its
subsidiaries, notification of intent to acquire from 5
per cent to 35 per cent of the outstanding voting shares
of the following companies: Alpha Portland Industries,
Inc., Easton, Pennsylvania; Florida Gas Company, Winter
Park, Florida; Integrated Resources, Inc., New York, New
York; and Pacific Holding Corporation, Los Angeles,
California (6/24/77) 3/
Berkshire Hathaway Inc., New Bedford, Massachusetts, notification of intent to indirectly acquire more than 5
per cent of the outstanding voting stock of United
Merchants & Manufacturers, Inc., New York, New York, a
3/

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2; 1977 No. 27

- 16 APPLICATIONS RECEIVED-Continued

textile manufacturing and retail clothing chain, through
its subsidiary, Blue Chip Stamps (6/29/77) 3/
* * * * *

REPORTS RECEIVED
None.
* * * * *

PETITIONS FOR RULEMAKING
None.

3/

4(c)(8) and 4()(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.