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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
( H . 2 , 1983 No. 29)
A c t i o n s of t h e Board; A p p l i c a t i o n s and Reports
Received During t h e Week Ending J u l y 23, 1983
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
Statement by Chairman Paul A. Vol e k e r b e f o r e t h e
House Banking Committee t o d i s c u s s monetary p o l i c y
in t h e c o n t e x t of c u r r e n t and p r o s p e c t i v e economic
c o n d i t i o n s and o t h e r p o l i c i e s a t home and a b r o a d .
Statement by Governor Nancy H. T e e t e r s b e f o r e t h e
Subcommittee on Consumer A f f a i r s of t h e Senate
Banking Committee t o d i s c u s s S . 1152, a b i l l
i n c o r p o r a t i n g t h e B o a r d ' s proposal t o s i m p l i f y
t h e Consumer Leasing A c t .
Statement by Michael B r a d f i e l d , General Counsel,
b e f o r e t h e Commerce, Consumer and Monetary A f f a i r s
Subcommittee of t h e House Committee on Government
O p e r a t i o n s t o d i s c u s s i s s u e s r a i s e d by t h e Memorandum
of I n t e r r o g a t o r i e s c o n c e r n i n g developments in t h e
l e g a l framework of t h e American f i n a n c i a l system
and s e r v i c e i n d u s t r y .
R e g u l a t i o n T, C r e d i t by Brokers and D e a l e r s ; t h e
Board i s s u e d a comparison c h a r t of old and new
Regulation T s e c t i o n s .
Midyear monetary p o l i c y r e p o r t t o Congress p u r s u a n t t o
t h e Full Employment and Balanced Growth Act of 1978.
Boston
P r o f i l e Bank and Trust Company, P l a i s t o w , New Hampshire,
proposal t o merge with P l a i s t o w Bank and Trust
Company, P l a i s t o w , New Hampshire; r e p o r t t o t h e
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 . ]J
New York
C i t y National Bank of New J e r s e y , Newark, New J e r s e y ,
proposal t o c o n s o l i d a t e with CNB National Bank,
Newark, New J e r s e y ; r e p o r t t o t h e Comptroller of
t h e Currency on c o m p e t i t i v e f a c t o r s . 1/
T7
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 under
delegated a u t h o r i t y .
H.2, 1983 No. 29
-
2 -
ACTIONS OF THE BOARD - Continued
New York
Merchants Bank of New York, New York, New York, an
i n v e s t m e n t in bank p r e m i s e s . V
Philadelphia
Susquehanna B a n c s h a r e s , I n c . , L i t i t z , P e n n s y l v a n i a ,
e x t e n s i o n of t i m e t o December 17, 1983, w i t h i n
which t o a c q u i r e C i t i z e n s National Bank and T r u s t
Company of Waynesboro, P e n n s y l v a n i a . J /
Cleveland
Lorain County Savings & T r u s t company, E l y r i a , Ohio,
an i n v e s t m e n t in bank p r e m i s e s . ]_/
Richmond
Peoples National
West V i r g i n i a ,
National Bank,
C o m p t r o l l e r of
Richmond
F i r s t National C o r p o r a t i o n , S t r a s b u r g , V i r g i n i a ,
e x t e n s i o n of time t o November 2 , 1983, w i t h i n which
t o become a bank h o l d i n g company through t h e
a c q u i s i t i o n of The F i r s t National Bank of S t r a s b u r g ,
Strasburg, Virginia. V
Richmond
LTC Bancorp, Cumberland, Maryland, e x t e n s i o n of time
t o September 2 2 , 1983, w i t h i n which t o become a bank
h o l d i n g company through t h e a c q u i s i t i o n of L i b e r t y
T r u s t Company of Maryland, Cumberland, Maryland. ]J
Atlanta
Merchants T r u s t , I n c . , J a c k s o n , Alabama, e x t e n s i o n of time
t o October 30, 1983, w i t h i n which t o become a bank
h o l d i n g company through t h e a c q u i s i t i o n of Merchants
Bank, J a c k s o n , Alabama. ]_/
Atlanta
F i r s t National Bancorp of G r e e n v i l l e , I n c . , G r e e n v i l l e ,
Alabama, e x t e n s i o n of time t o August 13, 1983,
w i t h i n which t o become a bank holding company through
a c q u i s i t i o n of The F i r s t National Bank of G r e e n v i l l e ,
G r e e n v i l l e , Alabama. _]_/
Atlanta
B a r n e t t Banks of F l o r d i a , I n c . , J a c k s o n v i l l e , F l o r i d a ,
e x t e n s i o n of t i r e t o October 27, 1983, w i t h i n which
t o a c q u i r e s h a r e s of B a r n e t t Bank of Osceola County,
N.A.* Kissimmee, F l o r i d a . J /
Chicago
Peoples Bank & T r u s t of Pana, Pana, I l l i n o i s , proposal
t o merge w i t h PBT Bank, Pana, I l l i n o i s , under t h e
c h a r t e r of PBT Bank and t i t l e of Peoples Bank &
Trust of Pana; r e p o r t t o t h e 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 . V
T7
Bank of M a r t i n s b u r g , M a r t i n s b u r g ,
proposed merger with South Berkeley
Inwood, West V i r g i n i a ; r e p o r t t o t h e
t h e Currency on c o m p e t i t i v e f a c t o r s . ]_/
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 under
delegated a u t h o r i t y .
H.2, 1983 No. 29
- 3 ACTIONS OF THE BOARD - Continued
Chicago
Dearborn Bank and T r u s t Company, Dearborn, Michigan,
proposal t o merge with D. B. Bank, Dearborn,
Michigan, under t h e c h a r t e r and t i t l e of Dearborn
Bank and T r u s t Company; r e p o r t t o t h e 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 . ]_/
Chicago
Farmers Bank, F r a n k f o r t , I n d i a n a , proposal t o merge with
FBF Bank, I n c . , F r a n k f o r t , I n d i a n a , under t h e c h a r t e r
of FBF Bank, I n c . and t i t l e of The Farmers Bank;
r e p o r t t o t h e 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 . V
Chicago
Genoa S t a t e Bank, Genoa, I l l i n o i s , proposal t o merge
w i t h F i r s t S t a t e Bank of Genoa, Genoa, I l l i n o i s ,
under t h e c h a r t e r of F i r s t S t a t e Bank of Genoa and
t i t l e of Genoa S t a t e Bank; r e p o r t t o t h e 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_/
Chicago
J e f f e r s o n Bankshares C o r p . , Chicago, I l l i n o i s , e x t e n s i o n
of t i m e t o August 7 , 1983, 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
merger t o J e f f e r s o n S t a t e Bank, Chicago, I l l i n o i s . J_/
Chicago
Waldron F i n a n c i a l C o r p o r a t i o n , Waldron, I n d i a n a ,
e x t e n s i o n of time t o October 19, 1983, w i t h i n which t o
become a bank h o l d i n g company through 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 merger t o The S t a t e Bank of Waldron, Waldron,
Indiana. V
S t . Louis
PFN Bank, National A s s o c i a t i o n , Paducah, Kentucky,
p r o p o s a l t o merge with The Peoples F i r s t National
Bank 8 T r u s t of Paducah, Paducah, Kentucky; 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 Currency on c o m p e t i t i v e
f a c t o r s . Vf
S t . Louis
Country Bancorp, I n c . , Mount O l i v e , I l l i n o i s ,
e x t e n s i o n of t i m e t o October 2 4 , 1983, w i t h i n which
t o become a bank h o l d i n g company through t h e
a c q u i s i t i o n of t h e s u c c e s s o r by merger t o National
Bank of Mount O l i v e , Mount O l i v e , I l l i n o i s . ]_/
S t . Louis
Security Financial Corp., S t a r k v i l l e , Mississippi,
e x t e n s i o n of time t o Ocotber 23, 1983, w i t h i n which
t o become a bank h o l d i n g company through t h e a c q u i s i t i o n
of t h e s u c c e s s o r by merger t o S e c u r i t y S t a t e Bank,
Starkville, Mississippi. V
T7
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 under
delegated a u t h o r i t y .
W.2, 1983 No. 29
- 4 ACTIONS OF THE BOARD - Continued
S t . Louis
Merchants S t a t e Bank, Humboldt, T e n n e s s e e , proposed
merger with Merchants S t a t e I n t e r i m Bank, Humboldt,
Tennessee; r e p o r t t o t h e 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 . J_/
Kansas C i t y
F i r s t National of Nebraska, I n c . , Omaha, Nebraska,
e x t e n s i o n of t i m e t o October 20, 1983, w i t h i n
which t o commence t h e o p e r a t i o n of t h e branch
o f f i c e of F i r s t and Omaha Savings Company a t 24th
and Vinton S t r e e t s . V
Dallas
Mustang F i n a n c i a l C o r p o r a t i o n , Rio V i s t a , Texas,
e x t e n s i o n of t i m e t o October 11, 1983, w i t h i n
which t o a c q u i r e Mustang C r e d i t C o r p o r a t i o n ,
C l e b u r n e , T e x a s . \J
Dallas
Southwest B a n c s h a r e : , I n c . , Houston, Texas, e x t e n s i o n
of time t o August 22, 1983, w i t h i n which t o a c q u i r e
Westhollow National Bank, Houston, Texas, j J
San
Francfsco
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 Angeles,
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 22, 1984,
w i t h i n which t o e s t a b l i s h a branch o f f i c e in 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 Kanan Road and
Thousand Oaks B o u l e v a r d , Agoura, C a l i f o r n i a . J /
San
Francisco
C u s t e r County Bank, C h a l l i s , Idaho, proposed merger
with F i r s t S e c u r i t y Bank of Idaho, B o i s e , Idaho,
under t h e t i t l e and c h a r t e r of t h e l a t t e r ; r e p o r t
t o t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on
competitive f a c t o r s . V
San
Francisco
VRB Bancorp, Rogue R i v e r , Oregon, e x t e n s i o n of time
t o November 1 , 1983, w i t h i n which t o become a bank
h o l d i n g company through a c q u i s i t i o n of Valley of
t h e Rogue Bank, Rogue R i v e r , Oregon. V
San
Francisco
County S u b s i d i a r y C o r p o r a t i o n , Santa Cruz, C a l i f o r n i a ,
proposed merger with County Bank of Santa Cruz,
Santa C r u z , C a l i f o r n i a , under t h e c h a r t e r and t i t l e
of t h e l a t t e r ; r e p o r t t o t h e Federal Deposit Insurance
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 . J_/
San
Francisco
Northern S i e r r a F i n a n c i a l C o r p o r a t i o n , Yreka, 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 November 1 , 1983, w i t h i n which t o
become a bank h o l d i n g company through t h e a c q u i s i t i o n
of S c o t t Valley Bank, Yreka, C a l i f o r n i a . 1/
T?
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 under
delegated a u t h o r i t y .
H . 2 , 1983 No. 29
- s ACTIONS OF THE BOARD - Continued
To E s t a b l i s h a Domest Branch Pursuant
To S e c t i o n 9 of t h e F e d e r a l Reserve Act
New York
Approved
The Bank of New York, New York, New York. To
e s t a b l i s h f i v e o f f s i t e e l e c t r o n i c branches
a t t h e f o l l o w i n g l o c a t i o n s : B e l l s / S t a r , 127
Main S t r e e t , L e r o y , New York; B e l l s / S t a r , 121
North C e n t e r S t r e e t , P e r r y , New York; Super
Duper, 2245 Colvin B l v d . , Tonawanda, New York;
H i l l s , 2090 George Urban B l v d . , Depew, New York;
Hi l i s , 3270 Sheridan D r i v e , E g g e r t s v i l l e , New
York. y
New York
The Merchants Bank of New York, New York, New York.
To e s t a b l i s h a branch a t 1040 Avenue of t h e
A m e r i c a s , New York, New York. J /
Cleveland
The Lorain County Savings & T r u s t Company, E l y r i a ,
O h i o . To e s t a b l i s h a branch o f f i c e a t 801 Crocker
Road, West l a k e , Ohio. \J
Atlanta
F i r s t S t a t e Bank of P e n s a c o l a , P e n s a c o l a , F l o r i d a ,
t o e s t a b l i s h a branch a t 13430 Gulf Beach Highway,
Pensacola, Florida. J /
Chicago
Comerica B a n k - D e t r o i t , D e t r o i t , Michigan. To e s t a b l i s h
t h r e e EFTs a t t h e f o l l o w i n g l o c a t i o n s : 25850 Grand
R i v e r , Redford Township, Michigan; 31313 Ann Arbor
T r a i l , W e s t l a n d , Michigan; 5800 C a n i f f , D e t r o i t ,
Michigan, j y
Chicago
H a r r i s T r u s t and Savings Bank, Chicago, I l l i n o i s ,
t o e s t a b l i s h an EFT a t 141 W. Jackson on t h e 12th f l o o r
of t h e Bo<"d of Trade B u i l d i n g . U
Kansas C i t y
The F i r s t S t a t e Bank, F a i r f a x , Oklahoma. To e s t a b l i s h
a branch f a c i l i t y t o be l o c a t e d a t 520 Main S t r e e t ,
R a l s t o n , Oklahoma. V
San
Francisco
P a c i f i c S t a t e Bank, Lincoln C i t y , Oregon. To e s t a b l i s h
a branch o f f i c e t o be l o c a t e d a t 488 N.E. Highway 101
in Depoe Bay, Oregon. V
T7
~
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 under
delegated a u t h o r i t y .
H.2, 1983 No. 29
- 6 ACTIONS OF THE BOARD - Continued
To Become a Member of t h e Federal Reserve System
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 Reserve Act
Atlanta
Approved
Independent B a n k e r s ' Bank of F l o r i d a , Orlando,
Florida. J /
Dal l a s
Bank of East T e x a s , T y l e r , T e x a s . J /
* * * * *
Issued I n t e n t Not t o Disapprove Change of Control
P u r s u a n t t o Change in Bank Control Act of 1978
Kansas C i t y
Not Disapproved
J e n k s B a n c o r p o r a t i o n , I n c o r p o r a t e d , J e n k s , Oklahoma. J_/
Kansas City
S p r i n g f i e l d Bank Company, I n c . , S p r i n g f i e l d , Nebraska. J_/
* * * * *
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 Other Actions Pursuant t o S e c t i o n s 25 and 25(a)
of t h e Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) , 4 ( c ) ( 1 3 ) and 4 ( c ) ( 1 4 )
of t h e Bank Holding Company Act of 1956, as amended
San
Francisco
San
Francisco
New York
j7
Approved
F i r s t I n t e r s t a t e Overseas I n v e s t m e n t , I n c . , Los
A n g e l e s , C a l i f o r n i a : g r a n t s c o n s e n t of t h e Board
of Governors t o make an a d d i t i o n a l investment in
F i r s t I n t e r s t a t e Bank of Canada.
F i r s t P a c i f i c Holdings L i m i t e d , Hong Kong: g r a n t s
c o n s e n t t o e s t a b l i s h and r e t a i n a wholly-owned
s u b s i d i a r y , E u r o / N e t h e r l a n d s Investment L i m i t e d ,
Monrovia, Republic of L i b e r i a .
Sixty-Day N o t i f i c a t i o n P e r i o d Waived
Morgan Guaranty I n t e r n a t i o n a l Finance C o r p o r a t i o n ,
New York, New York: no o b j e c t i o n t o a c q u i r e
a d d i t i o n a l s h a r e s of Bank of Commerce Berhad,
Kuala Lampur, M a l a y s i a .
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 under
delegated a u t h o r i t y .
H.2, 1983 No. 29
- 7 ACTIONS OF THE BOARD - Continued
To Form a Bank Holding company Pursuant t o S e c t i o n
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Philadelphia
Approved
Northern Lehigh Bancorp, I n c . , S l a t i n g t o n , P e n n s y l v a n i a ,
f o r approval 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 National Bank of S l a t i n g t o n ,
Slatington, Pennsylvania. V
Cleveland
Miami C i t i z e n s B a n c o r p . , Pi q u a , Ohio, 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 of t h e v o t i n g s h a r e s
of Mi ami C i t i z e n s National Bank and Trust Co., Pi qua,
Ohio.2/
Richmond
The Palmer National Bancorp, I n c . , Washington, D. C.
f o r approval 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 Palmer National Bank, Washington, D. C. V
Richmond
United B a n k s h a r e s , I n c . , P a r k e r s b u r g , West V i r g i n i a ,
f o r approval 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 merger t o The Parkersburg
National Bank, P a r k e r s b u r g , West V i r g i n i a , Union
Central National Bank, Vienna, West V i r g i n i a , and
Valley Bank, P a r k e r s b u r g , West V i r g i n i a . J /
Richmond
Washington B a n c o r p o r a t i o n , Washington, D. C . , f o r
approval 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 National Bank of Washington, Washington, D. C.
Atlanta
F i r s t National Bancorp of Lewisburg, I n c . , Lewisburg,
T e n n e s s e e , f o r approval 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 National Bank of
Lewi s b u r g , Lewi s b u r g , T e n n e s s e e . V
Chicago
C i t i z e n s Holding Company, Park Ridge, 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 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 & T r u s t Company,
Park Ridge, I l l i n o i s . ] /
Chicago
Signal Bancorp, M o n t i c e l l o , I n d i a n a , f o r approval
t o a c q u i r e at 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 t h e s u c c e s s o r by merger t o S t a t e and Savings
Bank, M o n t i c e l l o , I n d i a n a . ] /
Chicago
S t a t e Banco, L t d . , S p i r i t Lake, Iowa, 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 of t h e v o t i n g s h a r e s
of The S t a t e Bank, S p i r i t Lake, Iowa. 1/
y
A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under
delegated a u t h o r i t y .
H.2, 1983 No. 29
- 8 ACTIONS OF THE BOARD - Continued
Chicago
U n i v e r s i t y B a n c s h a r e s , I n c . , Milwaukee, Wisconsin,
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 of
t h e v o t i n g s h a r e s of U n i v e r s i t y National Bank,
Milwaukee, W i s c o n s i n . ]_/
S t . Louis
LBT B a n c s h a r e s , I n c . , L i t c h f i e l d , I l l i n o i s , f o r
approval 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
t h e s u c c c e s s o r by merger t o L i t c h f i e l d Bank and
T r u s t Company, L i t c h f i e l d , I l l i n o i s . J /
S t . Louis
Merchants S t a t e Holding Company, Humboldt, T e n n e s s e e ,
f o r approval 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 merger t o Merchants
S t a t e Bank, Humboldt, T e n n e s s e e . J_/
Minneapolis
P e o p l e s B a n c s h a r e s , I n c . , Hayward, Wisconsin, f o r
approval t o a c q u i r e a t l e a s t 90.97 p e r c e n t of t h e
v o t i n g s h a r e s of The Peoples National Bank of Hayward,
Hayward, W i s c o n s i n . J /
Kansas C i t y
Bennett B a n c o r p o r a t i o n , B e n n e t t , C o l o r a d o , f o r approval
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
Bennett National Bank, B e n n e t t , C o l o r a d o , a proposed
new b a n k . J /
Kansas C i t y
N.B.C. Bancshares in Pawhuska, I n c . , Pawhuska, Oklahoma,
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 of t h e
v o t i n g s h a r e s of National Bank of Commerce in
Pawhuska, Pawhuska, Oklahoma. \ J
Dal l a s
Deport F i n a n c i a l Company, D e p o r t , T e x a 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 of t h e v o t i n g s h a r e s
of Deport B a n c s h a r e s , I n c . , D e p o r t , Texas and
i n d i r e c t l y The F i r s t National Bank of D e p o r t , D e p o r t ,
Texas. V
Dal l a s
Texas B a n c o r p o r a t i o n , I n c . , D a l l a s , Texas, 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 of t h e
v o t i n g s h a r e s of The National Bank of Texas a t
F o r t Worth, F o r t Worth, Texas; Weatherford B a n c s h a r e s ,
I n c . , W e a t h e r f o r d , Texas and i n d i r e c t l y The F i r s t
National Bank of W e a t h e r f o r d , W e a t h e r f o r d , T e x a s . ]_/
Dallas
T e x F i r s t B a n c s h a r e s , I n c . , Houston, Texas, f o r approval
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
I n d u s t r i a l Bank, Houston, Texas and Northwest Bank
and T r u s t , Houston, T e x a s . 1/
T?
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 under
delegated a u t h o r i t y .
N , / , 1933 No. 2
-9 ACTIONS OF THE BOARD - Continued
San
r r.?*5t I see
€G Bancorp, C o t t a g e Grove, Oregon, f o r approval t o
a c q u i r e ICC 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
C o t t a g e Grove Bank, C o t t a g e Grove, Oregon. \J
* * * * *
To Exoand a
Holding Company Pursuant t o S e c t i o n
3 ( a ) ( 3 ) : f t h e Bank F o i l i n g Company Act of 1956
Chivsgo
Approved
.iideppndcnce Bank Group, I n c . , Waukesha, Wisconsin,
f o r approval t o a a u l r s a t l e a s t 80 p e r c e n t of t h e
vol in , s h a r e s of The Brown National Bank of Kenosha,
Ken-.jna, W i s c o n s i n . 1/
"hiccrn
01fi Second Bancorp, I n c . A urora , I l l i n o i s , f o r
e a p r p v c i t o a c q u i r e 100 p e r c e n t of ' h e v o t i n g s h a r e s
<*' F i r s t S e c u r i t y Bank of A u r o r a , A urora , I l l iirn o i s . 1/
Chicag*-
VI ; a Grove B 3 n c s h ? r e s , I n c . , V i l l a Grove, I l l i n o i s ,
f o r approval t c a c q u i r e 1 9 . 9 p e r c e n t of t h e v o t i n g
* h 0 - e s of F i r s t V i l l a Grove Bancorp, I n c . , V i l l a
u r o v e , I l l i n o i s and i n d i r e c t l y a c q u i r e 80 p e r c e n t
of t h e v o t i n g s t o c k of The F i r s t National Bank of
V i l l a Grove, V i l l a Grove, I l l i n o i s . \J
Minneapolis
Anchor B a n - c r p , i n c . , Wryzata, M i n n e s o t a , f o r approval
t o a c q u i r e H l e a s t 8 6 . 7 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 Itest S a i n t Paul S t a t e Bank, West S t . P a u l ,
Minnesota. V
QsHas
American Southwest B a n c s h a r e s , I n c . , El Paso, Texas,
f o r approval 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 American Bank of Commerce E a s t , N.A.,
El P a s o , T e x : s , a proposed new b a n k . \J
Dallas
National Bancshares C o r p o r a t i o n of Texas, San Antonio,
T e x a s , f o r approval 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 Coastal Bend B a n c s h a r e s , I n c . ,
Robstown, Texas, and i n d i r e c t l y S t a t e National Bank
of Robstown, Robstown, T e x a s . J /
Dallas
V i c t o r i a B e n k s h a r e s , I n c . , V i c t o r i a , Texas, f o r approval
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 B a s t r o p
B a n c s h a r e s , I n c . , B a s t r o p , Texas, and i n d i r e c t l y
C i t i z e n s Stats' Bank of B a s t r o p , B a s t r o p , Texas. ]_/
* * * * *
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 under
dei "*?ated a u t h o r i t y .
, 1983 No, 29
-10ACTIONS OF THE BOARD - Continued
lo Expand a Bank Holding Company Pursuant t o S e c t i o n
4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956
Atlanta
Dallas
New York
17
3/
Withdrawn
f i r s t National C o r p o r a t i o n of Alexander C i t y , I n c . ,
Alexander C i t y , Alabama, f o r approval t o engage
in making d i r e c t l o a n s t o i n d i v i d u a l s , consumers
and b u s i n e s s e s . Yf
M e r c a n t i l e Texas C o r p o r a t i o n , D a l l a s , Texas, t o
engage, through i t s s u b s i d i a r y , Financial Protection
i n s u r a n c e Company of T e x a s , in t h e u n d e r w r i t i n g of
insurance a c t i v i t i e s in Texas.
Delayed
C i t i c o r p , New York, New York, t o expand t h e a c t i v i t i e s
and 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 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 ( t h e making, 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 account and f o r t h e account
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 t o i n d i v i d u a l s
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 or n o n - r e s i d e n t i a l
r e a l e s t a t e ; and t h e s a l e of mortgage l i f e and
mortgage d i s a b i l i 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 mortgage l o a n s ) t h e a c t i v i t i e s f o r
t h e s e r v i c e a r e a a r e a s f o l l o w s ( t h e 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 or 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 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 i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , as
r e q u i r e d : t h e s a l e aof 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 personal
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 corp 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 . , and 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 s a l e of 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 loans and o t h e r ext e n s i o n s of c r e d i t ) a t 1150 N. 25th S t r e e t , Grand
J u n c t i o n , Colorado, through i t s subsidiary C i t i c o r p
Person-to-Person Financial Center, Inc. (7/21/83) 3/
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 under
delegated a u t h o r i t y .
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 Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H . 2 , 1983 No. 29
-11ACTIONS OF THE BOARD - Continued
New York
Minneapolis
Chicago
New York
New York
T7
3/
Approved
C i t i c o r p , New York, New York, f o r approval t o engage
through a j o i n t venture s u b s i d i a r y , Harrison Credit
Group, I n c . , H a r r i s o n , New York, in commercial
l e n d i n g , l e a s e f i n a n c i n g and s e r v i c i n g a c t i v i t i e s
p e r t a i n i n g t o farm equipment m a n u f a c t u r e d by t h e
Sperry New Holland D i v i s i o n of Sperry C o r p o r a t i o n ,
New York, New York.
S w i f t County F i n a n c i a l C o r p o r a t i o n , Benson, Minnesota,
f o r approval t o engage in g e n e r a l i n s u r a n c e a c t i v i t i e s
t h r o u g h S w i f t County I n s u r a n c e Agency, I n c . , Benson,
M i n n e s o t a . 1/
Reactivated
A s s o c i a t e d B a n c - C o r p . , Green Bay, Wisconsin, 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 (mortgage
banking) a t 600 East Northland Avenue, A p p l e t o n ,
W i s c o n s i n , t h e geographic scope w i l l be t h e S t a t e
of Wisconsin, t h r o u g h i t s s u b s i d i a r y , A s s o c i a t e d
Mortgage, I n c . ( 7 / 2 3 / 8 3 ) 3/
Permitted
B a r c l a y s Bank PLC 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 , London, England, r e q u e s t 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 engaging in t h e
f o l l o w i n g a c t i v i t i e s ( r e i n s u r a n c e or u n d e r w r i t i n g
of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h
i n s u r a n c e in Delaware; such i n s u r a n c e w i l l be
s o l d in c o n n e c t i o n with e x t e n s i o n s of c r e d i t )
t h r o u g h t h e i r s u b s i d i a r y , C i t a d e l L i f e Insurance
Company ( 7 / 2 0 / 8 3 ) 3 /
Chemical F i r s t S t a t e C o r p o r a t i o n , Wilmington, Delaware,
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
engaging in t h e f o l l o w i n g a c t i v i t i e s ( ( i ) p r o v i d i n g
d a t a p r o c e s s i n g and d a t a t r a n s m i s s i o n s e r v i c e s , d a t a
b a s e s and f a c i l i t i 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 s of
Chemical New York C o r p o r a t i o n , i n c l u d i n g Chemical
Bank, Chemical Bank (Delaware) and any o t h e r Chemical
New York C o r p o r a t i o n s u b s i d i a r i e s ; ( i i ) p r o v i d i n g
t o o t h e r s d a t a p r o c e s s i n g and t r a n s m i s s i o n s e r v i c e s ,
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 under
delegated 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 Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
i
H . 2 , 1983 No. 29
- 1 2 -
ACTIONS OF THE BOARD - Continued
f a c i l i t i e s , d a t a b a s e s or a c c e s s t o such s e r v i c e s ,
f a c i l i t i e s or d a t a b a s e s by any t e c h n o l o g i c a l l y
f e a s i b l e means f o r f i n a n c i a l , banking or economic
d a t a ; and ( i i i ) p r o v i d i n g t o o t h e r s e x c e s s c a p a c i t y
and t i m e s h a r i n g on d a t a p r o c e s s i n g or t r a n s m i s s i o n
equipment o r f a c i l i t i e s ) a t 5 Belmont D r i v e , Somerset,
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 , Chemnetwork
P r o c e s s i n g S e r v i c e s , I n c . ( 7 / 1 7 / 8 3 ) 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 t o
expand t h e a c t i v i t i e s of t h r e e e x i s t i n g o f f i c e s
engaging in 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 s a l e a t
r e t a i l of money o r d e r s and t r a v e l e r s checks) a t
Westbrook Mall Shopping C e n t e r , 5605 Xerxes Avenue
N o r t h , Brooklyn C e n t e r , Minnesota; B u r n s v i l l e ,
Minnesota and Ridge Square North Shopping C e n t e r ,
12977 R i d g e d a l e D r i v e , Minnetonka, Minnesota, through
i t s s u b s i d i a r i e s , C i t i c o r p Homeowners, I n c . and
Citicorp Person-to-Person Financial Center, Inc.
(8/21/83) 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
t o e s t a b l i s h a de novo o f f i c e engaging in 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 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 , secured
or 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 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 i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s ,
as r e q u i r e d ; t h e s a l e of 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 ; 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 making, 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 account and f o r t h e account 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 t o i n d i v i d u a l s secured
by l i e n s on r e s i d e n t i a l o r n o n - r e s i d e n t i a l
r e a l e s t a t e ; and t h e s a l e of mortgage l i f e and
mortgage d i s a b i l i 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 mortgage l o a n s ) a t J e f f e r s o n
P l a z a , 110 South J e f f e r s o n Road, Whippany, New
J e r s e y , through i t s s u b s i d i a r i e s , C i t i c o r p
Homeowners, I n c . and 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 / 1 7 / 8 3 ) 3/
37
~~
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 Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 29
ACTIONS OF THE BOARD - Continued
New York
Deutsche Bank AG, F r a n k f u r t (Main), Federal
Republic of Germany, r e q u e s t s p e r m i s s i o n t o
engage de novo in t h e f o l l o w i n g a c t i v i t i e s ( t o
o f f e r d a t a p r o c e s s i n g and t r a n s m i s s i o n s e r v i c e s ,
d a t a b a s e s and a c c e s s t o such s e r v i c e s and d a t a
b a s e s by any t e c h n o l o g i c a l l y f e a s i b l e means where
t h e d a t a t o be processed a r e f i n a n c i a l , banking
or economic i n c l u d i n g , but not l i m i t e d t o , t h e
p r e p a r a t i o n of f i n a n c i a l management r e p o r t s and
t h e p r o c e s s i n g of i n f o r m a t i o n i n c l u d i n g i n f o r m a t i o n
r e l a t i n g t o a c c o u n t s r e c e i v a b l e , equipment s e c u r i n g
such a c c o u n t s r e c e i v a b l e and commercial paper) a t
2333 Waukegan Road, Bannockburn, I I l i n o i s ; 11551
F o r e s t C e n t r a l D r i v e , D a l l a s , Texas; 3050 C i t r u s
C i r c l e , Walnut Creek, C a l i f o r n i a ; 2872 Woodcock
B l v d . , A t l a n t a , Georgia; 615 Washington Road,
P i t t s b u r g h , P e n n s y l v a n i a ; 1535 A r t a i u s Parkway,
L i b e r t y v i l l e , I l l i n o i s , through i t s s u b s i d i a r y ,
Deutsche C r e d i t C o r p o r a t i o n ( 7 / 1 9 / 8 3 ) 2 /
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 expand t h e a c t i v i t i e s engaging
in t h e f o i l owing a c t i v i t i e s (making, a c q u i r i n g , and
s e r v i c i n g commercial loans 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 The Centre B u i l d i n g , S u i t e 107, 10100 Linn
S t a t i o n Road, L o u i s v i l l e , Kentucky; Sherwood Tower,
S u i t e 670, 3636 Sherwood F o r e s t Boulevard, Baton
Rouge, Louisi a n a ; One Lakeway C e n t e r , 3 9 0 0 N. Causeway
B o u l e v a r d , S u i t e 720, M e t a i r i e , L o u i s i a n a ; 6 5 0 0 R O C K
S p r i n g s D r i v e , S u i t e 202, B e t h e s d a , Mary]and; #3 New
Engl and Executive P a r k , S u i t e 207, B u r l i n g t o n ,
M a s s a c h u s e t t s ; C e n t r a l Square, O f f i c e #1, Central
Avenue & New Road ( R t e . 9 ) , Linwood, New J e r s e y ;
The Drake, Oak Brook P l a z a , 2215 York Road, S u i t e 412,
Oak Brook, I l l i n o i s ; 245 P e r i m e t e r Center Parkway,
A t l a n t a , G e o r g i a ; Paragon C e n t e r , S u i t e 205, 5201 W.
Kennedy Boulevard, Tampa, F l o r i d a ; 5100 B u i l d i n g ,
S u i t e 208, 5100 N. Federal Highway, F t . L a u d e r d a l e ,
F l o r i d a ; Dade Savings B u i l d i n g , S u i t e 154, 151 Wymore
Road, Altamonte S p r i n g s , F l o r i d a ; EN! B u i l d i n g ,
S u i t e 507, 110 110th Avenue, N.E., B e l l e v u e ,
Washington; Copper Oaks O f f i c e P a r k , 7030 S.
Yale, S u i t e 103, T u l s a , Oklahoma; S u i t e 109,
4490 Holland O f f i c e P a r k , V i r g i n i a Beach, V i r g i n i a ;
East Park E x e c u t i v e C e n t e r , 6623 Executive C i r c l e ,
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 Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 29
- N ACTIONS OK Th[ pQARD - Continued
S u i t y 102, C h a r l o t t e , North C a r o l i n a ; 4015 E x e c u t i v e
Park D r i v e , S u i t e 3 0 2 , C i n c i n n a t i , Ohio; Diamond
Savings B u i l d i n g , 6100 Channing Way B o u l e v a r d ,
Columbus, Ohio; 1425 River Park D r i v e , S u i t e 240,
Sacramento, C a l i f o r n i a ; 10445 Lakewood Boulevard,
Downey, C a l i f o r n i a ; Great Western Bank B u i l d i n g ,
5151 E. Broadway, S u i t e 190, Tucson, A r i z o n a ;
Ten C o r p o r a t e Square, S u i t e 8400, 2155 Louisiana
B o u l e v a r d , N . f . , Albuquerque, New Mexico; 433 South
Main S t r e e t , West H a r t f o r d , C o n n e c t i c u t ; Centrum
B u i l d i n g , 6363 P o p l a r Avenue, S u i t e 430, Memphis,
T e n n e s s e e ; C o r p o r a t e Square 1 , S u i t e 202, 2420
Mall D r i v e , North C h a r l e s t o n , South C a r o l i n a ;
7200 E. Hampden Avenue, S u i t e 3 0 3 , Denver, Colorado;
7630 L i t t l e River T u r n p i k e , S u i t e 110, Annandale,
V i r g i n i a ; One Eleven E a s t , 11 East Avenue, S u i t e 205,
Norwalk, C o n n e c t i c u t ; 6500 W. 95th S t r e e t , Overland
P a r k , Kansas; Park Plaza O f f i c e , S u i t e 115, 303
Williams S t r e e t , H u n t s v i l 1 e , Alabama; One Lincoln
C e n t e r , S u i t e 210, 10300 S.W. Greensburg Road,
P o r t l a n d , Oregon; Two East O f f i c e B u i l d i n g , 400
East B o u l e v a r d , S u i t e 108, Montgomery, Alabama;
Independence Plaza B u i l d i n g * #1 Independence P l a z a ,
Homewood, Alabama; P a r a d i s e V a l l e y , S u i t e D, 10321
N, 32nd S t r e e t , P h o e n i x , A r i z o n a ; Deer Valley Shopping
C e n t e r , 4245 Thunderbird Road, Phoenix, A r i z o n a ; 2143
N. Academy B o u l e v a r d , Colorado S p r i n g s , Colorado;
39 Quail C o u r t , S u i t e 300, Walnut Creek, C a l i f o r n i a
and 3633 Camino Del Rio S o u t h , San Diego, 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 , M a n u f a c t u r e r s Hanover
Financial Services Inc. (7/21/83) 2 /
Philadelphia
Meridian Bancorp, I n c . , ( f o r m e r l y American Bancorp,
I n c . ) R e a d i n g , P e n n s y l v a 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 in de novo a c t i v i t i e s (making or
a c q u i r i n g l o a n s such a s would be made by a
mortgage company, and s e r v i c i n g such l o a n s f o r
o t h e r s ) i n i t i a l a c t i v i t i e s would be c o n c e n t r a t e d
in t h e s t a t e of P e n n s y l v a n i a , New J e r s e y and Delaware,
through i t s s u b s i d i a r y , Meridian Mortgage C o r p o r a t i o n ,
Reading, Pennsylvania
(7/19/83) 2/
Richmond
V i r g i n i a N a t i o n a l Wankshares, I n c . , N o r f o l k , V i r g i 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 in de novo a c t i v i t i e s
(making d i r e c t consumer i n s t a l l m e n t T o a n s , secured
and u n s e c u r e d , t o i n c i v M u a l s ; p u r c h a s i n g 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 ; extending d i r e c t
37
4 ( c ) ( 8 ) n o i i f i c a t r ' p r o c e s s e d by Reserve Bank on b e h a l f of t h e
Board of Governors u M e r d e l e g a t e d a u t h o r i t y .
H . 2 , 1983 No. 29
- 15 ACTIONS OF THE BOARD - Continued
loans 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 working c a p i t a l p u r p o s e s ; making,
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 account or f o r
t h e acco u n t of o t h e r s , l o a n s s e c u r e d p r i n c i p a l l y by
m o r t g a g e s on r e a l p r o p e r t y ; and a c t i n g as agent f o r
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 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 p h y s i c a l damage i n s u r a n c e , a l l of which
a r 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 ) a t 2805
West Mercury B o u l e v a r d , N o r f o l k , V i r g i n i a , through i t s
s u b s i d i a r y , VNB C r e d i t C o r p o r a t i o n ( 7 / 2 2 / 8 3 ) 3 /
Atlanta
F i r s t L a f a y e t t e Bancorp, I n c . , L a f a y e t t e , L o u i s 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 engage i n de novo
a c t i v i t i e s ( t o engage i n d a t a p r o c e s s i n g a c t i v i t i e s
w i t h i n ( b u t n o t r e s t r i c t e d t o ) t h e immediate
v i c i n i t y of L a f a y e t t e , L o u i s i a n a ; commercial a c counting general ledger system, including processing
of a c c o u n t s p a y a b l e , a c c o u n t s r e c e i v a b l e , personnel
and p a y r o l l ; s e r v i c e s w i l l be t a r g e t e d toward t h e
f i n a n c i a l a c c o u n t i n g n e e d s of t h e small t o medium
s i z e b u s i n e s s f i r m s w i t h o u t i n - h o u s e systems) in
L a f a y e t t e , Louisiana, through i t s s u b s i d i a r y ,
USDI Company ( 7 / 1 8 / 8 3 ) 3 /
Atlanta
F i r s t N a t i o n a l Bancorp of t h e S o u t h , I n c . , Opp, Alabama,
n o t i f i c a t i o n of i n t e n t t o engage i n d e novo a c t i v i t i e s
(consumer f i n a n c e , loan s e r v i c i n g , p e r s o n a l p r o p e r t y
l e a s i n g and s a l e of l i f e and a c c i d e n t and h e a l t h
I n s u r a n c e ) in Opp, Alabama, s e r v i n g t h e s t a t e s of
Alabama and 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 , Finance
South, Inc. (7/21/83) 3/
Atlanta
F i r s t R a i l r o a d 8 Banking Company of G e o r g i a ,
A u g u s t a , G e o r g 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 d e novo a c t i v i t i e s (making consumer
i n s t a l l m e n t l o a n s s e c u r e d by n o t e , household
goods and f i r s t or second mortgages on r e a l
e s t a t e up t o $ 1 5 , 0 0 0 ; 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 c o n t r a c t s up t o $ 3 , 5 0 0 ; t o u n d e r w r i t e
c r e d i t l i f e and 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 t o s e l l a s a g e n t , p r o p e r t y i n s u r a n c e in
c o n n e c t i o n w i t h i t s loan and i n s t a l l m e n t s a l e s
c o n t r a c t s ) in Morristown, Tennessee, covering a
s e r v i c e a r e a encompassing Hamblen County, through
i t s s u b s i d i a r y , CMC Group, I n c . , C h a r l o t t e ,
North C a r o l i n a ( 7 / 1 7 / 8 3 ) 3 /
37
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 Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 29
- 16 ACTIONS OF THE BOARD - Continued
Chicago
A s s o c i a t e d B a n c - C o r p . , Green Bay, Wisconsin, 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 (mortgage
banking) a t 600 E a s t Northland Avenue, A p p l e t o n ,
W i s c o n s i n , t h e g e o g r a p h i c scope w i l l be t h e S t a t e
of Wisconsin, t h r o u g h i t s s u b s i d i a r y , A s s o c i a t e d
Mortgage, I n c . ( 7 / 2 3 / 8 3 ) 3 /
Chicago
S t a t e B a n c s h a r e s , I n c . , S c h a l l e r , Iowa, 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 (making
o r a c q u i r 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
such a s would be made by a commercial f i n a n c e company
and s e r v i c i n g such l o a n s f o r o t h e r s ) t h e g e o g r a p h i c
scope w i l l be t h e community of S c h a l l e r , Iowa ( 7 / 1 9 / 8 3 ) 3/
Chicago
S t . Joseph B a n c o r p o r a t i o n , I n c . , South Bend, 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 engage in de novo
a c t i v i t i e s (in originating, acquiring, selling
and s e r v i c i n g r e s i d e n t i a l , commercial and i n d u s t r i a l
mortgage l o a n s ) in Midland, Texas, t h e g e o g r a p h i c
a r e a t o be served w i l l be a p p r o x i m a t e l y a 50-mile
r a d i u s around Midland, primary c o u n t i e s t o be served
by t h i s o f f i c e i n c l u d e Midland, E c t o r , and c o n t i g u o u s
c o u n t i e s , through i t s s u b s i d i a r y , S t . Joseph Mortgage
C o . , I n c . ( 7 / 1 9 / 8 3 ) 3/
S t . Louis
MidAmerica BancSystem, I n c . , F a i r v i e w H e i g h t s ,
I l l i n o i 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 ( p e r f o r m i n g or c a r r y i n g on
any of t h e f u n c t i o n s o r a c t i v i t i e s t h a t may be
performed or c a r r i e d on by an I l l i n o i s t r u s t
company, i n c l u d i n g a c c e p t i n g and e x e c u t i n g t r u s t s
and p r o v i d i n g c e r t a i n a d d i t i o n a l t r u s t - r e l a t e d
s e r v i c e s , both a s t r u s t e e and as agent f o r o t h e r
t r u s t e e s ) through i t s s u b s i d i a r y , MidAmerica
T r u s t Company ( 7 / 1 8 / 8 3 ) 3/
Minneapolis
Norwest C o r p o r a t i o n , M i n n e a p o l i s , M i n n e s o t a , 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 (consumer
f i n a n c e , s a l e s f i n a n c e and commercial f i n a n c e , t h e
s a l e of 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
p r o p e r t y and c r e d i t - r e l a t e d c a s u a l t y i n s u r a n c e
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 by t h o s e companies
[ s u c h s a l e of c r e d i t - r e l a t e d i n s u r a n c e being a
p e r m i s s i b l e a c t i v i t y under Subparagraph D of T i t l e VI
of t h e Gam - St Germain Depository I n s t i t u t i o n s Act
of 1982) and t h e o f f e r i n g f o r s a l e and s e l l i n g of
37
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 Reserve Bank on behalf of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 29
- 17 ACTIONS OF THE BOARD - Continued
t r a v e l e r s checks) a t P i o n e e r O f f i c e C e n t e r , 2261
Pyramid Way, S p a r k s , Nevada, s e r v i n g S p a r k s , Nevada,
Reno, Nevada and nearby communities through i t s
s u b s i d i a r i e s , Norwest F i n a n c i a l Nevada, I n c . , Norwest
F i n a n c i a l Nevada 1 , I n c . and Norwest F i n a n c i a l Nevada 2,
I n c . ( 7 / 1 8 / 8 3 ) 3/
Minneapolis
Norwest C o r p o r a t i o n , M i n n e a p o l i s , Minnesota, not i f i c a t i o n of i n t e n t t o r e l o c a t e de novo
a c t i v i t i e s ( t o engage in t h e a c t i v i t i e s of
consumer f i n a n c e , s a l e s f i n a n c e and commercial
f i n a n c e , t h e s a l e of 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 p r o p e r t y and c r e d i t r e l a t e d
c a s u a l t y i n s u r a n c e 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 by Norwest F i n a n c i a l I l l i n o i s , I n c . ,
such s a l e of c r e d i t - r e l a t e d i n s u r a n c e being a
p e r m i s s i b l e a c t i v i t y under Subparagraph D of
T i t l e VI of t h e Gam - S t . Germain Depository
I n s t i t u t i o n s Act of 1982 and t h e o f f e r i n g f o r
s a l e and s e l l i n g of t r a v e l e r s checks) from 77
South Seminary S t r e e t , G a l e s b u r g , I l l i n o i s t o
1950 North Henderson, G a l e s b u r g , I l l i n o i s , upon
r e l o c a t i o n , s a i d o f f i c e wil s e r v e G a l e s b u r g ,
I l l i n o i s and nearby communities, t h r o u g h i t s
s u b s i d i a r y , Norwest F i n a n c i a l I l l i n o i s , I n c .
(7/18/83) 3/
Minneapolis
Norwest C o r p o r a t i o n , M i n n e a p o l i s , Minnesota, 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
(making or a c q u i r i n g l o a n s and oTFer e x t e n s i o n s of
c r e d i t such as would be made by a commercial f i nance company i n c l u d i n g commercial l o a n s secured
by a b o r r o w e r ' s i n v e n t o r y , a c c o u n t s r e c e i v a b l e or
o t h e r a s s e t s ; s e r v i c i n g such l o a n s f o r o t h e r s ; and
l e a s i n g r e a l and personal p r o p e r t y in accordance
with t h e B o a r d ' s R e g u l a t i o n Y which i n c l u d e s p u r c h a s i n g l e a s e s , and b r o k e r i n g l e a s e s t o e q u i t y
s o u r c e s ) a t 9498 Southwest Barbur B o u l e v a r d ,
P o r t l a n d , Oregon, s e r v i n g Oregon, Washington,
C a l i f o r n i a , I d a h o , Nevada, and Utah, t h r o u g h a
wholly-owned s u b s i d i a r y , Norwest Leasing I n c .
(7/18/83) 3/
37
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 Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
•
H.2, 1983 No. 29
•
- 18 ACTIONS OF THE BOARD - Continued
Kansas City
IntraWest F i n a n c i a l C o r p o r a t i o n , Denver, Colorado,
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 ( i n t h e o r i g i n a t i o n of VA, FHA and
Conventional mortgage l o a n s as well as r e a l e s t a t e
commercial and c o n s t r u c t i o n loan a c t i v i t i e s as
would be made by a mortgage banking company) t h e s e
a c t i v i t i e s would be performed in t h e s t a t e of
Colorado and more p a r t i c u l a r l y in t h e s o u t h e a s t
q u a d r a n t of t h e Denver, Colorado m e t r o p o l i t a n a r e a
as well as in L i t t l e t o n , Colorado, through i t s
s u b s i d i a r y , IntraWest Mortgage Company ( 7 / 2 0 / 8 3 ) 3/
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 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 t o engage in de novo 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 account or f o r
o t h e r s , l o a n s 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 p e r s o n a l l o a n s , purchasing consumer 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 t o small b u s i n e s s e 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 f a c t o r i n g company
or consumer f i n a n c e company, s e r v i c i n g and l e a s i n g
a c t i v i t i e s with r e s p e c t t o personal p r o p e r t y
and equipment and r e a l p r o p e r t y , as well as a c t i n g
as b r o k e r or agent f o r t h e s a l e of 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 , such i n s u r a n c e a c t i v i t i e s being p e r m i t t e d
p u r s u a n t t o S e c t i o n 601 (A) and (D) of T i t l e VI of
t h e Garn-St Germain Act) a t 18552 McArthur Boulevard,
S u i t e 300, I r v i n e , 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 , through i t s s u b s i d i a r y , Security P a c i f i c
Finance Corp. d / b / a S e c u r i t y P a c i f i c E x e c u t i v e /
P r o f e s s i o n a l S e r v i c e s , I n c . ( 7 / 2 3 / 8 3 ) 3/
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 Angeles, C a l i f o r n i a ,
(making or a c q u i r i n g f o r i t s own account or f o r t h e
account of o t h e r s , l o a n s 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 ,
p u r c h a s i n g consumer 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 t o small b u s i n e s s e 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 f a c t o r i n g company o r a consumer f i n a n c e company,
and a c t i n g as b r o k e r or agent f o r t h e s a l e of 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 , such i n s u r a n c e agency a c t i v i t i e s being
p e r m i t t e d p u r s u a n t t o S e c t i o n 601 (A) and (B) of
T i t l e VI of t h e Garn-St Germain Act) a t 5607 Wayzata
B o u l e v a r d , S t . Louis P a r k , Minnesota, s e r v i n g t h e
37
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 Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H.2, 1983 No. 29
- 19 ACTIONS OF THE BOARD - Continued
S t a t e of M i n n e s o t a , t h r o u g h i t s s u b s i d i a r i e s ,
S e c u r i t y P a c i f i c Finance Corp. and S e c u r i t y P a c i f i c
Finance Money Center I n c . ( 7 / 2 3 / 8 3 ) V
San
Francisco
S u n r i s e Bancorp, C i t r u s H e i g h t s , 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 in de novo
a c t i v i t i e s (making l e a s e s of p e r s o n a l - p r o p e r t y ,
i n i t i a l l y medical equipment and l u x u r y a u t o m o b i l e s 1n accordance with t h e B o a r d ' s Regulat i o n Y) a t 6916 S u n r i s e B l v d . , C i t r u s H e i g h t s ,
C a l i f o r n i a , and would be performed in P l a c e r
and Sacramento c o u n t i e s , C a l i f o r n i a , t h r o u g h
i t s proposed s u b s i d i a r y , S u n r i s e L e a s i n g , I n c .
(7/18/83) 3/
San
Francisco
S u n r i s e Bancorp, C i t r u s H e i g h t s , C a l i f o r n i a , not 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 ( p r o v i d i n g d a t a p r o c e s s i n g and t r a n s m i s s i o n s e r v i c e s , f a c i l i t i e s , d a t a b a s e s or
a c c e s s t o such s e r v i c e s , f a c i l i t i e s o r d a t a
b a s 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 s of S u n r i s e
Bancorp and i t s s u b s i d i a r i e s and o t h e r s in
accordance with t h e B o a r d ' s R e g u l a t i o n Y) a t
6916 S u n r i s e B l v d . , C i t r u s H e i g h t s , C a l i f o r n i a ,
and would be performed in P l a c e r and Sacramento
c o u n t i e s , C a l i f o r n i a , t h r o u g h i t s proposed subs i d i a r y , S u n r i s e Datacorp ( 7 / 1 8 / 8 3 ) 3 /
San
Francisco
United Bancorp of A r i z o n a , Phoenix, A r i z o n a , 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 h e o r i g i n a t i o n , making, a c q u i r i n g , p u r c h a s i n g ,
a r r a n g i n g f o r , h o l d i n g , warehousing and s e l l i n g ,
f o r i t s own account and f o r t h e account of o t h e r s ,
l o a n s of a l l t y p e s , and o t h e r e x t e n s i o n s of c r e d i t ,
secured by mortgages o r deeds of t r u s t on r e a l
p r o p e r t y such a s would be made by a mortgage
company; and 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 f o r any p e r s o n ) a t 211 North
Leroux, F l a g s t a f f , Arizona and 8070 East Morgan
T r a i l , Scottsdale, Arizona, serving the e n t i r e
S t a t e of A r i z o n a , more s p e c i f i c a l l y , Northern
and C e n t r a l 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 ,
H.S. P i c k r e l l Company ( 7 / 1 8 / 8 3 ) 3 /
San
Francisco
Wells Fargo 8 Company, 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 in de novo
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
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 Reserve Bank on b e h a l f of t h e
Board of Governors under d e l e g a t e d a u t h o r i t y .
H . 2 , 1983 No. 29
- 20 •
ACTIONS OF THE BOARD - Continued
a c c o u n t o r f o r t h e a c c ount 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 r v i c i n g l o a n s f o r
t h e a c c o u n t of o t h e r s ; making f u l l p a y - o u t
l e a s e s o f p e r s o n a l o r r e a l p r o p e r t y or a c t i n g
a s an a g e n t , b r o k e r o r a d v i s o r i n l e a s i n g such
p r o p e r t y i n a c c o r d a n c e with t h e B o a r d ' s Regulat i o n Y) i n New York C i t y , New York and D a l l a s ,
T e x a s , s e r v i n g commercial b o r r o w e r s t h r o u g h o u t
t h e United S t a t e s and a b r o a d , t h r o u g h i t s subs i d i a r y , Wells F a r g o C a p i t a l Markets I n c . ( 7 / 1 8 / 8 3 ) 3/
17
""
4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalaf o f the
Board of Governors under d e l e g a t e d a u t h o r i t y .
H . 2 , 1983 No. 29
- 2 1 -
APPLICATIONS RECEIVED
To E s t a b l i s h a Domestic Branch Pursuant
To S e c t i o n 9 of t h e F e d e r a l Reserve Act
New York
United J e r s e y Bank, Hackensack, New J e r s e y , t o
establish four o f f s i t e electronic f a c i l i t y o f f i c e s
a t t h e f o l l o w i n g l o c a t i o n s : Commerce and Laurel
S t r e e t s , B r i d g e t o n , New J e r s e y ; 176 Route 34,
Aberdeen Township, New J e r s e y ; Route 9 a t P h i l l i p s
D r i v e , Old B r i d g e , New J e r s e y ; Center Grove &
Quaker Church Roads, Randolph Township, New J e r s e y . 2/
Philadelphia
United J e r s e y Bank/Southwest, Cherry H i l l , New J e r s e y .
to establish o f f s i t e electronic f a c i l i t i e s at the
f o l l o w i n g l o c a t i o n s : 4 Hunter S t r e e t , Lodi, New
J e r s e y ; 21 Park P l a c e , Englewood, New J e r s e y ;
252 Rock Road, Glen Rock, New J e r s e y ; C e n t e r Grove &
Quaker Church Roads, Randolph Township, New J e r s e y ;
Commerce and Laurel S t r e e t s , B r i d g e t o n , New J e r s e y ;
Route 9 a t P h i l l i p s D r i v e , Old B r i d g e , New J e r s e y . 2/
Richmond
C o n t i n e n t a l Bank and T r u s t Company, S p r i n g f i e l d ,
V i r g i n i a . To e s t a b l i s h a branch in t h e S p r i n g f i e l d
Plaza I I I Shopping Center a t t h e i n t e r s e c t i o n of
Amherst Avenue and Commerce S t r e e t , S p r i n g f i e l d ,
V i r g i n i a . 2/
San
Francisco
V a l l e y Bank of Nevada, Las Vegas, Nevada. A p p l i c a t i o n
f o r a branch o f f i c e in t h e v i c i n i t y of 55 Highway 50,
S t a t e ! i n e , Douglas County, Nevada. 2/
* * * * *
To Become a Member of t h e Federal Reserve System
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 Reserve Act
San
F r a n c i sco
27
The Bank of Orange County, Fountain V a l l e y , C a l i f o r n i a .
A p p l i c a t i o n s u b j e c t t o Community Reinvestment 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 Reserve 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 .
H.2, 1983 No. 29
- 2 2 -
APPLICATIONS RECEIVED - 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
Investments and Other A c t i o n s Pursuant t o S e c t i o n s 25 and 25(a)
of t h e Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) , 4 ( c ) ( 1 3 ) and 4 ( c ) ( 1 4 )
of t h e Bank Holding Company Act of 1956, as amended
Atlanta
I n t e r c o n t i n e n t a l Bank Holding Company, Miami,
F l o r i d a : r e q u e s t s c o n s e n t t o a c q u i r e up t o
52 p e r c e n t of t h e s h a r e s of Banque I n t e r c o m m e r c i a l e
de G e s t i o n , Lausanne, S w i t z e r l a n d ,
*
*
*
*
*
To Form a Bank Holding Company Pursuant t o Section
3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956
Cleveland
Kentucky 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 , Kentucky,
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 of
t h e v o t i n g s h a r e s of The F i r s t National Bank and
T r u s t Company of Covington, Covington, Kentucky. 2/
Atlanta
C B B a n c s h a r e s , I n c . , Fort V a l l e y , G e o r g i a , f o r
approval 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 C i t i z e n s Bank, Fort V a l l e y , G e o r g i a . 2/
Atlanta
C i t r u s Banking C o r p o r a t i o n , Tampa, F l o r i d a , f o r
approval 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 r u s Park Bank, Tampa, F l o r i d a . 2/
Atlanta
F i r s t S e c u r i t y B a n k s h a r e s , I n c . , Lavonia, Georgia,
f o r approval t o a c q u i r e 80 p e r c e n t or more of t h e
v o t i n g s h a r e s of N o r t h e a s t Georgia Bank, Lavonia,
G e o r g i a . 2J
Atlanta
F l o r i d a Bay Banks, I n c . , Panama C i t y , F l o r i d a , f o r
approval t o a c q u i r e a t l e a s t 8 0 . 7 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 Bay Bank & Trust C o . , Panama C i t y ,
F l o r i d a . 2/
Atlanta
Peoples B a n c o r p o r a t i o n , I n c . , W i n f i e l d , Alabama, f o r
approval to 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 W i n f i e l d S t a t e Bank, W i n f i e l d , Alabama. 2/
27
A p p l i c a t i o n s u b j e c t t o Community Reinvestment 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 Reserve 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 .
H.2, 1983 No. 29
-23APPLICATIONS RECEIVED - Continued
Chicago
The Baraboo B a n c o r p o r a t i o n , I n c . , Baraboo, Wisconsin,
f o r approval t o a c q u i r e 80 p e r c e n t or more of
The Baraboo National Bank, Baraboo, Wisconsin. 2/
Chicago
Bright Financial Services, I n c . , Flora, Indiana,
f o r approval 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 merger t o The Bright
National Bank a t F l o r a , F l o r a , I n d i a n a . 2/
Chicago
Farmers S t a t e B a n c o r p o r a t i o n , I n c . , Waupaca, Wisconsin,
f o r approval t o a c q u i r e 90.1 p e r c e n t or more of t h e
v o t i n g s h a r e s of The Farmers S t a t e Bank of Waupaca,
Waupaca, W i s c o n s i n . 2/
Chicago
FNB H a r t f o r d B a n c o r p . , I n c . , H a r t f o r d , Wisconsin,
f o r approval t o a c q u i r e 80 p e r c e n t or more of t h e
v o t i n g s h a r e s of The F i r s t National Bank of H a r t f o r d ,
H a r t f o r d , Wisconsin. £ /
Chicago
Harbor Country Banking C o r p o r a t i o n , Three Oaks, Michigan,
f o r approval t o a c q u i r e 90 p e r c e n t or more of t h e
v o t i n g s h a r e s of The Bank of Three Oaks, Three Oaks,
Michigan. 2/
Chicago
Tabor E n t e r p r i s e s , I n c . , Tabor, Iowa, f o r approval t o
a c q u i r e 85 p e r c e n t or more of t h e v o t i n g s h a r e s of
F i r s t S t a t e Bank, Tabor, Iowa. 2/
S t . Louis
Ashley Bancstock Company, C r o s s e t t , A r k a n s a s , f o r
approval t o a c q u i r e TOO 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 merger t o t h e F i r s t National
Bank of C r o s s e t t , C r o s s e t t , A r k a n s a s . 2]
S t . Louis
C i t i z e n s F i n a n c i a l S e r v i c e C o r p o r a t i o n , Van Buren,
A r k a n s a s , f o r approval t o a c q u i r e a t l e a s t 81.1
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, Van Buren, A r k a n s a s . 2]
S t . Louis
Old National B a n c s h a r e s , I n c . , C e n t r a l i a , I l l i n o i s ,
f o r approval 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 Old National Bank of C e n t r a l i a ,
C e n t r a l 1 a , I l l i n o i s and 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 Farmers and Merchants
Bank of C a r l y l e , I l l i n o i s . 2/
TJ
A p p l i c a t i o n s u b j e c t t o Community Reinvestment 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 Reserve 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 .
H.2, 1983 No. 29
- 24 APPLICATIONS RECEIVED - Continued
S t . Louis
Owen B a n c s h a r e s , I n c . , Owenton, Kentucky, f o r approval
t o a c q u i r e a t l e a s t 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 F i r s t Fanners Bank and T r u s t Company, Owenton,
Kentucky. Zj
S t . Louis
Reel f o o t B a n c s h a r e s , I n c . , Union C i t y , T e n n e s s e e , f o r
approval 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 Reel f o o t Bank, Hornbeak, Tennessee. 2J
Minneapolis
Burke S e c u r i t i e s Company, M i s s o u l a , Montana, f o r
approval t o a c q u i r e 8 8 . 4 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 S h e r i d a n , S h e r i d a n , Montana. 2/
Minneapolis
Freeborn B a n c o r p o r a t i o n , I n c . , F r e e b o r n , Minnesota,
f o r approval 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 F i r s t S t a t e Bank of F r e e b o r n , F r e e b o r n ,
M i n n e s o t a . 2J
Minneapolis
Tri County Investment Company, Chamberlain, South
Dakota, f o r approval t o a c q u i r e 100 p e r c e n t of
Tri County S t a t e Bank Holding Company, I n c . ,
Chamberlain, South Dakota 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 Tri County
S t a t e Bank, Chamberlain, South Dakota. 2J
Kansas C i t y
Mid C e n t r a l BanCorp, I n c . , Warsaw, M i s s o u r i , 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 of t h e
v o t i n g s h a r e s of Osage Valley Bank, Warsaw, M i s s o u r i . 2/
Kansas C i t y
Morgan C a p i t a l C o r p o r a t i o n , Fort Morgan, C o l o r a d o ,
f o r approval 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 F o r t Morgan S t a t e Bank, Fort Morgan,
C o l o r a d o . 2/
Kansas C i t y
B1anchard B a n c s h a r e s , I n c . , B l a n c h a r d , Oklahoma,
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 of t h e
v o t i n g s h a r e s of F i r s t S t a t e Bank, B l a n c a h r d ,
Oklahoma. 2/
Kansas C i t y
P. J . K . , I n c . , F o r e s t C i t y , M i s s o u r i , 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 of t h e v o t i n g s h a r e s
of F i r s t S t a t e Bank of F o r e s t c i t y , F o r e s t C i t y ,
M i s s o u r i . 2/
Dallas
H e l o t e s B a n c s h a r e s , I n c . , H e l o t e s , Texas, f o r approval
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
H e l o t e s S t a t e Bank, H e l o t e s , T e x a s . 2j
|7
A p p l i c a t i o n s u b j e c t t o Community Reinvestment 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 Reserve Bank may be c o n t a c t e d
a s t o t o e l e n g t h of t h e comment p e r i o d .
H.2,
- 25 -
1983 No. 29
APPL1C' HONS RECEIVED - Continued
f r^ricisco
F o o t h i l l Independent Bancorp, G l e n d o r a , C a l i f o r n i a ,
f o r approval 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 F o o t h i l l Independent Bank, G l e n d o r a ,
C a l i f o r n i a . 2/
1o Expand a Bank Holding Company P u r s u a n t t o S e c t i o n
j j a h ' 3 ) of t h e Bank Holding Company Act of 1956
cm
(** ...90
F i r s t C o n n e c t i c u t Bancorp, I n c . , H a r t f o r d , C o n n e c t i c u t ,
f o r approval 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 Independent Bank and Trust Company,
WiIi imantic , C o n n e c t i c u t . 2]
C e n t r a l Wisconsin B a n k s h a r e s , I n c . , Wausau, Wisconsin,
f a 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 or
more of t h e v o t i n g s h a r e s of The S t a t e Bank of Fall
C r e e k , F a l l Creek , W i s c o n s i n . 2]
r
; f"
3"'4
H a n c o r p o r a t i o n , I n c . , Grand Ridge, I l l i n o i s ,
'r-r approval t o a c q u i r e a t l e a s t 8 2 . 2 p e r c e n t or more
?»se v o t i n g s h a r e s of Verona Exchange Bank, Verona,
:" H no i s . £•
.r v :
..e,. .•
"fi<;i5,
- r - o r r of
'v.ewoo-j-F
' i"d"c ' d l R e s o u r c e s , I n c . , blue I s l a n d ,
f o r approval t o a c q u i r e at l e a s t 80 p e r c e n t
t n e v o t i n g s h a r e s of Community Bank of
i o s s n o o r , Homewood, I l l i n o i s . 2/
SDOCCRT..
I n c . , D e t r o i t , Michigan, f o r approval
tii 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 c o n s o l i d a t i o n t o P o n t i a c S t a t e
Sank, P o n t i a c , Michigan. 2/
V?-'J
K'r.ieapol's
,'ynfi. I n c . , N a p l e s , F l o r i d a , 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 of t h e v o t i n g s h a r e s of S e c u r i t y
S t a t e Bank of P i l l a g e r , P i l l a g e r , M i n n e s o t a . 21
.
'»
SOCK
B a n c o r p . , Bayard, Nebraska, f o r approval
t o r e t a i n 1 3 . 3 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 w a r t o n Agency, I n c . , Swanton, Nebraska, and t o
1 «<i 1 rec11 y a c q u i r e Bank of Swanton, Swanton,
?*»hr<is»d. ?j
77" Appl fcaTTorT TTt. ^ r \ t o Community Reivnestment A c t . The Community
A f f a i r s O f f i c e r o» t n e a p p l i c a b l e Reserve 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 .
H . 2 , 1983 No. 29
- 2 6 APPLICATIONS RECEIVED - Continued
Dallas
Grand B a n c s h a r e s , I n c . , D a l l a s , Texas, f o r approval
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
Grand Bank LBJ a t H i l l c r e s t , N.A., D a l l a s , Texas,
a proposed new b a n k . 2 /
Grand B a n c s h a r e s , I n c . , D a l l a s , Te xa s , f o r approval
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
Grand Bank Stemmons a t Regal Row, N.A., D a l l a s ,
Texas, a proposed new b a n k . 2/
TransTexas B a n c s h a r e s , I n c . , Beaumont, Texas, f o r
approval 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
F i r s t s t a t e Bank, P f l u g e r v i l l e , Texas. 2/
:
*
f/
:
at': a
of
H i d i n g Company Pursuant t o S e c t i o n
Baf»< Holding Company Act of 1956
r . !%*;*;, Sank PLC and B a r c l a y s Bank I n t e r n a t i o n a l
t n of London, England, r e q u e s t permission
I ^c*ccjt% t h r e e o f f i c e s engaging in t h e f - M o w i n g
. t h e o p e r a t .on of a consumer f i n a n c e
, " n j the s<*:- as ayent gf r e l a t e d c r e f ; '
:
,
ir--" ^
urd h e a l t h and c r e d i t u r o o t r t y
,
: i ^ e c t i n s t a l l m e n t i n j n s to
^ ; r d the u u ' h a s e of r e t a i l i n s t a l l m e r r
L:* ' /
as loans made "n
":
family or househo" d pur^
secured by r e a l e s t a i e , t h e
c
< d i s c o u n t e d b a s i s of c o n t r a c t s and
*
r e l a t e d s e c u r i t y agreements a r i s i n g p r i n c i p a l l y
irum t h e s a l e by d e a l e r s of t i t l e d goods [ i n c l u d i n g
A u t u w o b X e t , mobile nomes, t r a v e l t r a i l e r s and
and boat a n j marine equipment] and
nousv^u'd woods [ i n c l u d i n g f u r n i t u r e , t e l e v i s i o n
s e t s , dj.pl t a n c e s j and r e l a t e d w h o l e s a l e f i n a n c i n g
vOfiSiStiriy of f i n a n c i n g d e a l e r s ' i n v e n t o r i e s of
dutomcDilt*s$ mobile homes and o t h e r c h a t t e l s and
( t ) <it t h e e l e c t i o n of t h e borrowers from [ t h e ]
cun^u.ier f i n a n c e s u b s i d i a r y , s a l e of c r e d i t - r e l a t e d
i n s u r a n c e , i n c l u d i n g d e c r e a s i n g term c r e d i t l i f e
i n s u r a n c e , c r e d i t 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 c r e d i t p r o p e r t y i n s u r a n c e designed t o p r o t e c t
f , ^ C d T o f T " s u b j e c t t v Community Reinvestment A c t . The Community
^ M d i r s u f f i c e r of t h e a p p l i c a b l e Reserve 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, 1983 No. 29
-27APPLICATIONS RECEIVED - Continued
t h e b o r r o w e r ' s p e r s o n a l p r o p e r t y [ e . g . , household
goods] which s e r v e s a s c o l l a t e r a l f o r l o a n s f o r
[ t h e ] s u b s i d i a r y . C r e d i t l i f e and c r e d i t a c c i d e n t
and h e a l t h i n s u r a n c e so s o l d may be u n d e r w r i t t e n
o r r e i n s u r e d by B a r c l a y s ' i n s u r a n c e u n d e r w r i t i n g
s u b s i d i a r i e s ) from 324 North T u r n e r , Hobbs, New
Mexico t o 412 East Bender B l v d . , Hobbs, New Mexico;
from 4628 South P e n n s y l v a n i a , Oklahoma C i t y ,
Oklahoma t o 2526 North Meridan D r i v e , Oklahoma
C i t y , Oklahoma and from 106 South Maple S t r e e t ,
M u r f r e e s b o r o , Tennessee t o S u i t e 105, 3354 P e r i m e t e r
H i l l D r i v e , N a s h v i l l e , T e n n e s s e e , through t h e i r
consumer f i n a n c e s u b s i d i a r y , BarclaysAmerican/
Financial, Inc. (7/18/83)
New York
M i d i a n t i c Banks, I n c . , E d i s o n , New J e r s e y , 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 engaging
in t h e f o l l o w i n g a c t i v i t i e s ( t o r e f e r customers
t o i t s s u b s i d i a r y , F l o r i d a Coast M i d i a n t i c Trust
Company, N.A., on a c t i v i t i e s r e l a t e d t o or i n c i d e n t a l
t o t h e conduct of a t r u s t b u s i n e s s i n c l u d i n g
f i d u c i a r y , a g e n c y , or c u s t o d i a l s e r v i c e s ) a t
Arvida E x e c u t i v e C e n t e r , I n t e r s e c t i o n of Glades
Road and I n t e r s t a t e 95, Boca Raton, F l o r i d a , through
i t s s u b s i d i a r y , F l o r i d a Coast M i d i a n t i c Trust Company,
N.A. ( 7 / 2 0 / 8 3 )
u »^r]and
PNC F i n a n c i a l Corp, P i t t s b u r g h , P e n n s y l v a 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 in de novo a c t i v i t i e s ( p r o v i d e
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 banks
anc b a n k - r e l a t e d i n d u s t r y a s s o c i a t i o n s as p e r m i t t e d
under S e c t i o n 2 2 5 . 4 ( a ) ( 1 2 ) of Regulation Y, and
c e r t a i n data processing a c t i v i t i e s to c l i e n t financial
i n s t i t u t i o n s , as p e r m i t t e d under S e c t i o n 2 2 5 . 4 ( a ) ( 8 )
of R e g u l a t i o n Y) t h e de novo o f f i c e s would be l o c a t e d
a t Glen Rock, New J e r s e y ; Walnut Creek, C a l i f o r n i a ;
A t l a n t a , Georgia; Chicago, I l l i n o i s ; D a l l a s , Texas,
through i t s s u b s i d i a r y , L . S . C o n s u l t i n g Corp. ( 7 / 2 1 / 8 3 )
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 ,
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 h e s a l e of v o l u n t a r y unemployment i n s u r a n c e in
c o n n e c t i o n with e x t e n s i o n s of c r e d i t by a p p l i c a n t ' s
s u b s i d i a r i e s ) t h e de novo o f f i c e wi11 be l o c a t e d
t h r o u g h o u t I I 1 i n o i s and Wisconsin, and throughout
t h e United S t a t e s , t h r o u g h i t s s u b s i d i a r y ,
Mellon 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 / 1 9 / 8 3 )
H.2, 1983 No. 29
- 28 APPLICATIONS RECEIVED - Continued
Atlanta
Independent Community Banks, I n c . , Sanibel , F l o r i d a ,
f o r approval 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 Retirement Accounts, I n c . , Winter P a r k ,
Florida.
S t . Louis
Owen B a n c s h a r e s , I n c . , Owenton, Kentucky, f o r approval
t o a c q u i r e TOO p e r c e n t ownership of Owen I n s u r a n c e
Agency, I n c . , Owenton, Kentucky, and t h e r e b y engage
de novo i n d i r e c t l y in 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 a c c i d e n t and h e a l t h i n s u r a n c e .
Minneapoli s
Norwest C o r p o r a t i o n , M i n n e a p o l i s , M i n n e s o t a , 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 ( i n t r u s t
company a c t i v i t i e s i n c l u d i n g , but not l i m i t e d t o ,
a c t i v i t i e s of a f i d u c i a r y , agency or c u s t o d i a n n a t u r e
in a c c o r d a n c e with R e g u l a t i o n Y) a t 403 North Lawler,
M i t c h e l l , South Dakota, s e r v i n g South Dakota, through
i t s wholly-owned s u b s i d i a r y , Norwest C a p i t a l Management & T r u s t C o . , South Dakota ( 7 / 1 3 / 8 3 )
Minneapolis
Norwest C o r p o r a t i o n , M i n n e a p o l i s , M i n n e s o t a , n o t i f i c a t i o n
of i n t e n t t o r e l o c a t e de novo a c t i v i t i e s ( i n t h e
a c t i v i t i e s of consumer f i n a n c e , s a l e s f l u a r c e and
k_o:'imer:icl f i r a ^ c e , t h e s a l e of c r e r : : l i f e , c r e d i t
r'
n: u: t - anci p r o p e r t y arn c r e d i ! - r e l a t e d
dhw
' ^ s u r ^ n c e r e l a t e d tu e x t e n s o r s of c r e c l t
l y t'-ct "u/'pany
s a l e OT
ins.jrarre
- ,,i'nriss-h;r
unuer
.
VI of th^ (iani-St Cermair
ry
Act of 1982] and tN» o f f e r i n g f u r s j ; - - c = - :6 ; 1 ing of
c r a v e n s checks, fruir 214 1/2 East Xain : - t r e e t ,
BiSmcrck, North Dakota t o Gateway M a l l , S u i t e K - ! l ,
270U S t a t e S t r e e t , Bismarck, North Dakota, upon
r e l o c a t i o n , s a i d o f f i c e w i l l s e r v e Bismarck, North
Dakota, and nearby communities, t h r o u g h i t s s u b s i d i a r y ,
Norwest F i n a n c i a l North Dakota, I n c . ( 7 / 1 4 / 8 3 )
Minneapolis
Norwest C o r p o r a t i o n , M i n n e a p o l i s , Minnesota, n o t i f i c a t i o n
of i n t e n t t o r e l o c a t e de novo a c t i v i t i e s ( i n t h e
a c t i v i t i e s of consumer~Ti n a n c e , s a l e s f i n a n c e and
commercial f i n a n c e , t h e s a l e of 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 p r o p e r t y and c r e d i t - r e l a t e d
c a s u a l t y i n s u r a n c e 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
by t h a t company, such s a l e of c r e d i t - r e l a t e d i n s u r a n c e
b e i n g a p e r m i s s i b l e a c t i v i t y under Subparagraph D of
T i t l e VI of t h e G a r n - S t . Germain Depository I n s t i t u t i o n s
Act of 1982, and t h e o f f e r i n g f o r s a l e and s e l 1 i n g of
t r a v e l e r s checks) from 5503 Johnson D r i v e , M i s s i o n ,
Kansas t o The Shops a t C o r p o r a t e Woods, 9906 College
H.2, 1983 No. 29
- 29 APPLICATIONS RECEIVED - Continued
B o u l e v a r d , O v e r l a n d , Kansas, upon r e l o c a t i o n , s a i d
o f f i c e w i l l s e r v e Kansas C i t y , Overland P a r k , Kansas,
and o t h e r nearby suburbs of Kansas C i t y , t h r o u g h
i t s s u b s i d i a r y , Norwest F i n a n c i a l Kansas, I n c .
(7/14/83)
Minneapolis
Norwest C o r p o r a t i o n , M i n n e a p o l i s , M i n n e s o t a , n o t i f i c a t i o n
of i n t e n t t o r e l o c a t e de novo a c t i v i t i e s ( i n t h e
a c t i v i t i e s of consumer f i n a n c e , s a l e s f i n a n c e and
commercial f i n a n c e , t h e s a l e of 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 p r o p e r t y and c r e d i t - r e l a t e d
c a s u a l t y i n s u r a n c e 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 by
t h a t company, such s a l e of c r e d i t - r e l a t e d i n s u r a n c e
b e i n g a p e r m i s s i b l e a c t i v i t y under Subparagraph D of
T i t l e VI of t h e Garn-St Germain D e p o s i t o r y I n s t i t u t i o n s
Act of 1982, and t h e o f f e r i n g f o r s a l e and s e l l i n g of
t r a v e l e r s checks) from 204 West S i x t h S t r e e t , Topeka,
Kansas t o Cedarwood Shopping C e n t e r , 515 S.W. 37th
S t r e e t , Topeka, Kansas, upon r e l o c a t i o n , s a i d o f f i c e
w i l l s e r v e Topeka, Kansas, and nearby communities,
t h r o u g h i t s s u b s i d i a r y , Norwest F i n a n c i a l Kansas,
Inc. (7/14/83)
Minneapolis
Norwest C o r p o r a t i o n , M i n n e a p o l i s , M i n n e s o t a , n o t i f i c a t i o n
of i n t e n t t o r e l o c a t e de novo a c t i v i t i e s ( i n t h e
a c t i v i t i e s of consumer f i n a n c e , s a l e s f i n a n c e and
commercial f i n a n c e , t h e s a l e of 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 p r o p e r t y and c r e d i t - r e l a t e d
c a s u a l t y i n s u r a n c e 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
by t h a t company, such s a l e of c r e d i t - r e l a t e d i n s u r a n c e
b e i n g a p e r m i s s i b l e a c t i v i t y under Subparagraph D of
T i t l e VI of t h e Garn-St Germain D e p o s i t o r y I n s t i t u t i o n s
Act of 1982, and t h e o f f e r i n g f o r s a l e and s e l l i n g of
t r a v e l e r s checks) from 127 North Seventh S t r e e t , Waco,
Texas t o 1020 North Valley M i l l s D r i v e , Waco, Texas,
upon r e l o c a t i o n , s a i d o f f i c e w i l l s e r v e Waco, Texas,
and n earb y communities, t h r o u g h i t s s u b s i d i a r y ,
Norwest F i n a n c i a l T e x a s , I n c . ( 7 / 1 4 / 8 3 )
Kansas C i t y
Chimney Rock B a n c o r p . , Bayard, Nebraska, f o r approval
t o i n d i r e c t l y engage in g e n e r a l i n s u r a n c e a c t i v i t i e s .
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 in de novo 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 account or f o r t h e account
of o t h e r s , l o a n s o r 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 b e made o r a c q u i r e d by a mortgage company, s e r v i c i n g such 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
i t s e l f and o t h e r s , and commercial r e a l e s t a t e e q u i t y
f i n a n c i n g ; such a c t i v i t i e s w i l l i n c l u d e , but not be
H.2, 1983 NO. 29
- 30 APPLICATIONS RECEIVED - Continued
l i m i t e d t o , making commercial mortgage l o a n s secured
by commercial r e a l e s t a t e and a r r a n g i n g e q u i t y
f i n a n c i n g ) a t 530 L y t t o n Avenue, Palo A l t o , C a l i f o r 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 C a l i f o r n i a ,
through i t s d i r e c t s u b s i d i a r y , BA Mortgage and
I n t e r n a t i o n a l R e a l t y C o r p o r a t i o n (a Delaware
corporation) (7/21/83)
<<?••
tr^risto
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 in de novo a c t i v i t i e s
{in t h e a c t i v i t y of u n d e r w r i t e r , i n i t i a l l y as
r e i n s u r e r , t o t h e e x t e n t p e r m i t t e d by r e l e v a n t
s t a t e l a w , f o r c r e d i t - r e l a t e d l i f e i n s u r a n c 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 which
i s 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 by
BankAmerica C o r p o r a t i o n and i t s nonbank s u b s i d i a r i e s )
in San F r a n c i s c o , C a l i f o r n i a , through i t s i n d i r e c t
s u b s i d i a r y , BA I n s u r a n c e Company, I n c . (a C a l i f o r n i a
corporation) (7/21/83)
'•en
tr„r<i$<o
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 in de novo
a c t i v i t i e s ( i n t h e a c t i v i t i e s of l e a T f n g personal
property acquired s p e c i f i c a l l y for the leasing
t r a n s a c t i o n s t h r o u g h l e a s e s which a r e t h e f u n c t i o n a l
e q u i v a l e n t of e x t e n s i o n s of c r e d i t , making or
a c q u i r i n g f o r i t s own account 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, and s e r v i c i n g loans
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 c t i v i t i e s w i l l
i n c l u d e , but not be l i m i t e d t o , l e a s i n g of motor
v e h i c l e s and p u r c h a s i n g r e t a i l i n s t a l l m e n t s a l e s
c o n t r a c t s c o v e r i n g motor v e h i c l e s ) in Santa C l a r a ,
C a l i f o r n i a and Denver, C o l o r a d o ; t h e Santa C l a r a ,
C s l i f o r n i a o f f i c e w i l l be s e r v i n g t h e e n t i r e
s t a t e s of C a l i f o r n i a , A r i z o n a , Hawaii, I d a h o ,
Nevada, Oregon and Washington; t h e Denver, Colorado
o f f i c e w i l l be s e r v i n g t h e e n t i r e s t a t e s of C o l o r a d o ,
Kansas, Montana, Nebraska, New Mexico, Utah and
Wyoming, 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 , General
Rediscount C o r p o r a t i o n (a Delaware c o r p o r a t i o n )
(7/?1/83)
'it'
trmcisto
F i r s t S e c u r i t y C o r p o r a t i o n , S a l t Lake C i t y , Utah,
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
{in making o r a c q u i r 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 such a s would b e made by a mortgage company,
i n c l u d i n g making both r e s i d e n t i a l and commercial
mortgage l o a n s f o r i t s own p o r t f o l i o and f o r s a l e
t o o t h e r s , t h e s e r v i c i n g of such l o a n s f o r o t h e r s ,
APPLICATIONS RECEIVED - Continued
and a l l a c t i v i t i e s i n c i d e n t t h e r e t o ; a l s o , t o
engage in v > a c t i v i t i e s a s an agent of s e l l i n g
c r e d i t l i f e and c r e d i t d i s a b i l i t y i n s u r a n c e or
mortgage redemption i n s u r a n c e r e l a t e d t o e x t e n s i o n s
c? mortgage c r e d i t , where t h e i n s u r a n c e i s l i m i t e d
t o a s s u r i n g repayment of t h e o u t s t a n d i n g b a l a n c e
d w on a s p e c i f i c e x t e n s i o n of c r e d i t in t h e event
<f d e a t h , d i s a b i l i t y o r i n v o l u n t a r y unemployment
o* t h e d e b t o r , and c r e d i t - r e l a t e d c a s u a l t y i n s u r a n c e
a r i s i n g out of such e x t e n s i o n s of mortgage c r e d i t ,
such s a l e s of i n s u r a n c e a s an a g e n t being a p e r m i s s i b l e a c t i v i t y under S e c t i o n 6 0 1 , c l a u s e s (A) and (D),
of T i t l e VI of t h e Garn-St Germain D e p o s i t o r y I n s t i t u t i o n s Act of 1982) in t h e immediate v i c i n i t y of
Broadway and East 15th S t r e e t , Vancouver, Washington,
s e r v i n g t h e C o u n t i e s of C l a r k , Cowlitz and Skamania
in Washington, through i t s s u b s i d i a r y , S e c u r i t i e s
I n t e m o u n t a i n , Inc. {7/19/83)
*<S C o r p o r a t i o n , Sacramento, 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 in de novo a c t i v i t i e s ( i n
investment a d v i s o r y s e r v i c e s t o f i n a n c i a l i n s t i t u t i o n s , p u b l i c a g e n c i e s , c o r p o r a t i o n s and i n d i v i d u a l s ,
including p o r t f o l i o investment a d v i c e , general
economic i n f o r m a t i o n and s t u d i e s and development
of investment p o l i c y , p r o c e d u r e s and recommendations,
a l l in a c c o r d a n c e w i t h t h e B o a r d ' s R e g u l a t i o n Y)
in Sacramento, 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 ,
R i v e r C i t y Money Management Company ( 7 / 1 6 / 8 3 )
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 ,
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
{in making o r a c q u i r i n g , f o r i t s own account or
f o r t h e acco u n t of o t h e r s , l o a n s 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
p e r s o n a l l o a n s , p u r c h a s i n g consumer 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 t o small
b u s i n e s s e 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 f a c t o r i n g company or a consumer
f i n a n c e company, and a c t i n g a s b r o k e r or agent f o r
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 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 i n s u r a n c e a c t i v i t i e s being
permit ten p u r s u a n t t o S e c t i o n 601(A) and (D) of
T i t l e VI of t h e Garn-St Germain Act) a t 2505 South
Colleye, f o r t C o l l i n s , Colorado, serving the State
of C o l o r a d o , through i t s s u b s i d i a r y , S e c u r i t y
P a n l i c f i n a n c e Corp. ( 7 / 1 6 / 8 3 )
H.2, 1983 No. 29
- 3 2 APPLICATIONS RECEIVED - Continued
San
Francisco
United B a n c o r p o r a t i o n A l a s k a , I n c . , Anchorage,
A l a s k a , 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 (making o r a c q u i r 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 such as would be made
by a mortgage company a n d / o r commercial f i n a n c i a l
company i n c l u d i n g ; r e a l e s t a t e c o n s t r u c t i o n l o a n s ,
both commercial and r e s i d e n t i a l ; r e a l e s t a t e
r e s i d e n t i a l term l o a n s ; commercial l o a n s secured by
a b o r r o w e r ' s i n v e n t o r y , a c c o u n t s r e c e i v a b l e , or
o t h e r a s s e t s ; and i n s t a l l m e n t consumer l o a n s ; and
s e r v i c i n g such l o a n s f o r o t h e r s , in accordance with t h e
B o a r d ' s R e g u l a t i o n Y; and t o a c t as agent or broker
f o 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 , h e a l t h or
unemployment i n s u r a n c e ; p u r s u a n t t o S e c t i o n 601(A)
of T i t l e VI of t h e Garn-St Germain A c t , in J u n e a u ,
Nome, Bethel and F a i r b a n k s , A l a s k a , through i t s
s u b s i d i a r y , UBA Mortgage Company, I n c . ( 7 / 2 2 / 8 3 )
*
*
*
*
*
*
Agreements P i l e d P u r s u a n t t o S e c t i o n 8 of t h e
S e c u r i t i e s Exchange Act of 1934
Chicago
The Bank of Kaukauna, Kaukauna, W i s c o n s i n , has
f i l e d an agreement with t h e Federal Reserve Bank
of Chicago (which i s a u t h o r i z e d t o a c c e p t such
agreements on b e h a l f of t h e Board of Governors
under d e l e g a t e d a u t h o r i t y ) u n d e r t a k i n g t o comply
with a l 1 p r o v i s i o n s which r e l a t e t o t h e use of
c r e d i t t o f i n a n c e t r a n s a c t i o n s in s e c u r i t i e s .
New York
C r e d i t a n s t a I t - B a n k v e r e i n of Vienna, A u s t r i a and
t h e D a i - I c h i Kangyo Bank, L t d . , of Tokyo, Japan
have f i l e d an agreement with t h e Federal Reserve
Bank of New York (which i s a u t h o r i z e d t o a c c e p t
such agreements on b e h a l f of t h e Board of Governors
under d e l e g a t e d a u t h o r i t y ) u n d e r t a k i n g t o comply
with a l 1 p r o v i s i o n s which r e l a t e t o t h e use of
c r e d i t t o f i n a n c e t r a n s a c t i o n s in s e c u r i t i e s .
*
*
*
*
*
- 3 3 -
H.2, 1983 No. 29
APPLICATIONS RECEIVED - Continued
REPORTS RECEIVED
C u r r e n t Report F i l e d Pursuant t o S e c t i o n 13
of t h e S e c u r i t i e s Exchange Act
The Bank of West Point
West P o i n t , V i r g i n i a
(Month of d u l y , 1983)
Proxy S t a t e ( S p e c i a l Meeting) F i l e d P u r s u a n t t o
S e c t i o n 14(a) of t h e S e c u r i t i e s Exchange Act
United C o u n t i e s T r u s t Company
E l i z a b e t h , New J e r s e y
Tender O f f e r Statement F i l e d P u r s u a n t t o
S e c t i o n 14(d) of t h e S e c u r i t i e s Exchange Act
United Counties T r u s t Company
E l i z a b e t h , New J e r s e y
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PETITIONS FOR RULEMAKING
None.
@FedFRASER