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• * ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( H . 2 , 1981 No. 2 7 ) A c t i o n s of t h e B o a r d ; A p p l i c a t i o n s and R e p o r t s R e c e i v e d During t h e Week Ending J u l y 4 , APPLICABLE RESERVE BANK 1981 ACTIONS OF THE BOARD Consumer A d v i s o r y C o u n c i l m e e t i n g s 1981. t o be h e l d on J u l y 2 9 - 3 0 , GAO r e p o r t e n t i t l e d "The F e d e r a l S t r u c t u r e f o r Examining F i n a n c i a l I n s t i t u t i o n s Can Be Improved", l e t t e r o f comment s e n t t o Chairman Roth, S e n a t e Committee on Governmental Affairs. Report on b i l l H.R. 2 5 0 1 , a b i l l t o remove r a t e c e i l i n g s on b u s i n e s s , a g r i c u l t u r a l and consumer l o a n s ; r e s p o n s e t o r e q u e s t f o r comments s e n t t o S e n a t o r R i c h a r d L u g a r . The Board h a s d e t e r m i n e d t h a t t h e e a r l y w i t h d r a w a l p e n a l t y need not be a p p l i e d t o t h e payment p r i o r t o m a t u r i t y o f t i m e d e p o s i t s r e p r e s e n t i n g I r a n i a n f i n a n c i a l a s s e t s which a r e t r a n s f e r r e d by member banks p u r s u a n t t o T r e a s u r y ' s Foreign Asset Control R e g u l a t i o n s . Atlant a ANB B a n k s h a r e s , I n c . , B r u n s w i c k , G e o r g i a , e x t e n s i o n of time t o November 12, 1981, w i t h i n which t o become a bank h o l d i n g company t h r o u g h t h e a c q u i s i t i o n of A m e r i c a n N a t i o n a l Bank o f B r u n s w i c k , B r u n s w i c k , G e o r g i a . _1/ New York Banco O c c i d e n t a l S . A . , Madrid, S p a i n ; U n i o n de I n v e r s i o n M o b i l i a r i a S . A . , Madrid, S p a i n ; T B K - I n v e r s i o n e s , S . A . , M a d r i d , S p a i n ; and Compagnie de G e s t i o n B e l g o - L u x e m b o u r g e o i s e , S . A . , Luxembourg, e x t e n s i o n of t i m e t o O c t o b e r 3 1 , 1981, w i t h i n w h i c h t o a c q u i r e a m a j o r i t y o f t h e s h a r e s of Banco C o m e r c i a l de Mayaguez, Mayaguez, P u e r t o R i c o . \ j Atlanta C i t i z e n s B a n c s h a r e s , I n c . , B r i s t o l , T e n n e s s e e , e x t e n s i o n of t i m e t o O c t o b e r 4 , 1981, w i t h i n which t o become a bank h o l d i n g company t h r o u g h t h e a c q u i s i t i o n of C i t i z e n s F i d e l i t y Bank, B r i s t o l , T e n n e s s e e . 1/ 1 / A p p l i c a t i o n p r o c e s s e d on b e h a l f of authority. t h e Board of Governors under d e l e g a t e d H.2, 1981 No. 27 - 2 ACTIONS OF THE BOARD-Continued Atlanta F i r s t Banks, I n c . , C a r n e s v i l l e , G e o r g i a , e x t e n s i o n of t i m e t o September 6 , 1 9 8 1 , 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 F i r s t Bank and T r u s t , C a r n e s v i l l e , G e o r g i a and t h e Bank of T u c c o a , T u c c o a , G e o r g i a . Atlanta S o u t h e a s t e r n Banking C o r p o r a t i o n , F o l k s t o n , G e o r g i a , e x t e n s i o n of time t o O c t o b e r 5, 1981, w i t h i n which t o become a bank h o l d i n g company t h r o u g h the a c q u i s i t i o n of t h e C i t i z e n s Bank, F o l k s t o n , G e o r g i a . JJ New York Bank o f New York, New York, New York, e x t e n s i o n of t i m e t o J u l y 2 7 , 1981, w i t h i n which t o e s t a b l i s h a branch i n t h e immediate v i c i n i t y o f the i n t e r s e c t i o n of Mamaroneck and Union A v e n u e s , Town of H a r r i s o n , New York and e x t e n s i o n of time t o J u l y 2 7 , 1 9 8 2 , w i t h i n which to e s t a b l i s h a branch in t h e i m m e d i a t e v i c i n i t y o f Marcus B o u l e v a r d and Vanderbi I t Motor Parkway, Town of Smi t h t o w n , New York. J L / New York Cha s e Manhattan Bank, N . A . , New York, New York, e x t e n s i o n of time t o J u l y 1 , 1 9 8 2 , w i t h i n w h i c h to e s t a b l i s h an i n i t i a l branch i n Colombo, S r i Lanka. JL./ Richmond Farmers & M e r c h a n t s S t a t e Bank, F r e d e r i c k s b u r g , an i n v e s t m e n t i n bank p r e m i s e s . _1/ San Francisco F i r s t I n t e r s t a t e Bank o f C a l i f o r n i a , Los A n g e l e s , C a l i f o r n i a , e x t e n s i o n of t i m e t o J a n u a r y 1, 1982, 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 i n t h e v i c i n i t y o f the i n t e r s e c t i o n of Hammer and West L a n e s , C i t y of S t o c k t o n , C a l i f o r n i a . 1/ Ph i l a d e l p h i a I n d e p e n d e n t Bank & T r u s t Company, West T r e n t o n , New J e r s e y , t o form t o t h e p r o v i s i o n s of S e c t i o n 5 1 9 9 ( b ) of t h e R e v i s e d S t a t u t e s w i t h r e s p e c t t o the payment of d i v i d e n d s . San Francisco Bank o f Downey, Downey, C a l i f o r n i a , p r o p o s e d merger w i t h N a t i o n a l Bank o f W h i t t i e r , W h i t t i e r , C a l i f o r n i a , under t h e c h a r t e r of t h e former and t h e t i t l e of S o u t h e r n C a l i f o r n i a Bank; r e p o r t t o t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . \J Ph i l a d e l p h i a Farmers F i r s t Bank, L i t i t z , P e n n s y l v a n i a , p r o p o s e d m e r g e r w i t h E l i z a b e t h t o w n T r u s t Company, E l i z a b e t h t o w n , P e n n s y l v a n i a ; report to the Federal Deposit Insurance Corporat i o n on c o m p e t i t i v e f a c t o r s . 1 / 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of authority. Virginia, t h e Board of Governors under d e l e g a t e d # H.2, 1981 No. 27 - 3 ACTIONS OF THE BOARD-Continued Chicago F i r s t of Huron C o r p . , Bad Axe, M i c h i g a n , e x t e n s i o n of time t o November 2 , 1981, w i t h i n which t o become a bank h o l d ing company t h r o u g h t h e a c q u i s i t i o n of 1 0 0 p e r c e n t of the 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 F i r s t N a t i o n a l Bank o f Bad Axe, Bad Axe, M i c h i g a n . JL/ Ch i c a g o FSB C a r y - G r o v e , G a r y , I l l i n o i s , p r o p o s e d m e r g e r w i t h F i r s t S e c u r i t y Bank o f C a r y - G r o v e , Cary, I l l i n o i s , under t h e c h a r t e r o f FSB C a r y - G r o v e , C a r y , I l l i n o i s and t i t l e of F i r s t S e c u r i t y Bank o f C a r y - G r o v e , Cary, I l l i n o i s ; r e p o r t t o t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . _1 / St. Louis I n t e r i m S t a t e Bank, J e f f e r s o n , I n d i a n a , p r o p o s e d m e r g e r w i t h C i t i z e n s Bank and T r u s t Company, J e f f e r s o n , I n d i a n a ; r e p o r t t o t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e factors. \] Chicago Montgomery County N a t i o n a l Bank o f Red Oak, Red Oak, I o w a , p r o p o s e d c o n s o l i d a t i o n w i t h Emerson S t a t e Bank, Emerson, I o w a , u n d e r t h e c h a r t e r of The Montgomery County N a t i o n a l Bank of Red Oak, Red Oak, Iowa and t i t l e of N i s h n a V a l l e y N a t i o n a l Bank, Red Oak, I o w a ; r e p o r t t o t h e C o m p t r o l l e r of t h e C u r r e n c y on c o m p e t i t i v e f a c t o r s . 1/ St. Louis S t a t e Bank o f Cuba, Cuba, M i s s o u r i , p r o p o s e d m e r g e r w i t h P e o p l e s Bank o f Cuba, Cuba, M i s s o u r i ; r e p o r t t o t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . \ j A p p o i n t m e n t by Tony J . S a l v a g g i o , S e n i o r V i c e P r e s i d e n t , F e d e r a l R e s e r v e Bank o f D a l l a s , a s t h e B o a r d ' s A c t i n g S t a f f D i r e c t o r f o r Management. 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f o f authority. t h e Board of Governors under d e l e g a t e d H.2, 4 - 1981 No. 27 ACTIONS OF THE BOARD-Continued To E s t a b l i s h a D o m e s t i c Branch P u r s u a n t t o S e c t i o n 9 o f t h e F e d e r a l R e s e r v e Act New York Approved A d i r o n a c k T r u s t Company, S a r a t o g a S p r i n g s , New York. To e s t a b l i s h two e l e c t r o n i c f a c i l i t y o f f i c e s at the f o l l o w ing l o c a t i o n s : 1. N i a g a r a Mohawk P r o p e r t y , c o r n e r of Marion Avenue and Avenue C, S a r a t o g a S p r i n g s , S a r a t o g a C o u n t y , New York. 2. Case S t u d e n t C e n t e r , Skidmore C o l l e g e , S a r a t o g a S p r i n g s , S a r a t o g a C o u n t y , New York. If New York Chemical Bank, New York, New York. To e s t a b l i s h a branch o f f i c e a t N a s s a u County M e d i c a l C e n t e r , "A" B u i l d i n g Lobby, 2201 Hempstead T u r n p i k e , E a s t Meadow, N a s s a u C o u n t y , New York. J 7 Cleveland To e s t a b The H a r t e r Bank & T r u s t Company, C a n t o n , O h i o . l i s h a branch a t 3050 Lincolnway E a s t , M a s s i l I o n , Stark C o u n t y , O h i o . \j Richmond U n i t e d V i r g i n i a Bank, Richmond, V i r g i n i a . To e s t a b l i s h a branch a t t h e i n t e r s e c t i o n o f S t a t e Route 3 and Waverly V i l l a g e D r i v e , S p o t s y l v a n i a C o u n t y , V i r g i n i a . _1/ Atlanta Exchange Bank and T r u s t Company o f F l o r i d a , Tampa, F l o r i d a . To e s t a b l i s h a branch on t h e w e s t s i d e of N o r t h F l o r i d a A v e n u e , 4 0 0 F e e t North o f B e a r s s A v e n u e , U n i n c o r p o r a t e d H i l l s b o r o u g h C o u n t y , Tampa, F l o r i d a . \f Chicago C h e m i c a l Bank C l a r e , C l a r e , M i c h i g a n . To e s t a b l i s h a b r a n c h i n t h e v i c i n i t y o f 5 5 0 N o r t h 3 0 t h A v e n u e , Fork T o w n s h i p , Mecosta County, Michigan. J7 Dallas C i t i z e n s S t a t e Bank, Hugo, Oklahoma. To e s t a b l i s h a d e t a c h e d d r i v e - i n f a c i l i t y a t 201 E. J a c k s o n S t r e e t , Hugo, Oklahoma. 1/ Boston Cape Cod Bank and T r u s t Company, H y a n n i s , M a s s a c h u s e t t s . To e s t a b l i s h a branch a t 115 B r a d f o r d S t r e e t , P r o v i n c e t o w n , M a s s a c h u s e t t s . 1/ San Francisco Community Bank o f S a n t a Ynez V a l l e y , S o l v a n g , C a l i f o r n i a . To e s t a b l i s h a branch a t 486 F i r s t S t r e e t , S o l v a n g , C a l i f o r n i a . 1/ 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f o f authority. t h e Board of Governors under d e l e g a t e d H.2, 1981 No. 27 - 5 ACTIONS OF THE BOARD-Continued San Francisco Farmers & M e r c h a n t s S t a t e Bank, F r e d e r i c k s b u r g , V i r g i n i a . To e s t a b l i s h a branch i n S p o t s y l v a n i a M a l l , S p o t s y l v a n i a County, V i r g i n i a . I 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 O t h e r A c t i o n s P u r s u a n t t o S e c t i o n s 25 and 2 5 ( a ) of t h e F e d e r a l R e s e r v e Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) o f t h e Bank H o l d i n g Company Act of 1 9 5 6 , a s amended San Francisco Chicago Approved Korea E x c h a n g e Bank, e n t e r e d i n t o an a g r e e m e n t w i t h t h e F e d e r a l R e s e r v e Sy st em t o r e c e i v e o n l y such d e p o s i t s i n S e a t t l e a s would be p e r m i s s i b l e under S e c t i o n 2 5 ( a ) of the Federal Reserve Act. IJ S i x t y Day N o t i f i c a t i o n P e r i o d A l l o w e d t o E x p i r e C o n t i n e n t a l I l l i n o i s N a t i o n a l Bank and T r u s t Company o f Chicago, Chicago, I l l i n o i s : no o b j e c t i o n t o e s t a b l i s h a b r a n c h i n Hong Kong. * * * * * To Form a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 1 ) o f t h e Bank H o l d i n g Company A c t o f 1956 Philadelphia Approved American B a n c o r p , I n c . , R e a d i n g , P e n n s y l v a n i a , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s o f American Bank and T r u s t Co. of P a . , R e a d i n g , P e n n sylvania. jy Atlanta Sugarland Bankshares, I n c . , J e a n e r e t t e , L o u i s i a n a , f o r a p p r o v a l t o a c q u i r e a t l e a s t 8 0 p e r c e n t of t h e v o t i n g s h a r e s o f S u g a r l a n d S t a t e Bank, J e a n e r e t t e , L o u i s i a n a . 1/ Atlanta Sweetwater V a l l e y C o r p . , Sweetwater, T e n n e s s e e , f o r app r o v a l t o a c q u i r e a t l e a s t 8 0 p e r c e n t of t h e v o t i n g s h a r e s o f S w e e t w a t e r V a l l e y Bank, S w e e t w a t e r , T e n n e s s e e . 1/ 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of authority. I I the Board of Governors under d e l e g a t e d H.2, 1981 No. 27 6 - ACTIONS OF THE BOARD-Continued St. Louis The C a r b o n d a l e I n v e s t m e n t C o r p o r a t i o n , C a r b o n d a l e , I l l i n o i s , f o r a p p r o v a l t o a c q u i r e a t l e a s t 8 0 p e r c e n t of t h e v o t i n g s h a r e s o f The Bank o f C a r b o n d a l e , C a r b o n d a l e , I l l i n o i s . \J St. P e o p l e s I n v e s t m e n t C o r p o r a t i o n , Cuba, M i s s o u r i , f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o P e o p l e s Bank o f Cuba, Cuba, Missouri. J7 Louis Kansas C i t y G u n n i s o n Bank H o l d i n g C o r p o r a t i o n , G u n n i s o n , C o l o r a d o , f o r a p p r o v a l t o a c q u i r e a t l e a s t 8 0 p e r c e n t of t h e v o t i n g s h a r e s o f The G u n n i s o n Bank and T r u s t Company, G u n n i s o n , C o l o r a d o . 1/ Dal l a s B o k c h i t o B a n c s h a r e s , I n c . , B o k c h i t o , Oklahoma, f o r a p p r o v a l t o a c q u i r e a t l e a s t 8 0 p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t S t a t e Bank, B o k c h i t o , Oklahoma. _l/ Dal l a s C o p p e r a s Cove B a n c s h a r e s , I n c . , C o p p e r a s C o v e , T e x a s , f o r a p p r o v a l t o a c q u i r e a t l e a s t 8 0 p e r c e n t of t h e v o t i n g s h a r e s o f Cove S t a t e Bank, C o p p e r a s C o v e , T e x a s . 1/ Dal l a s R i o Grande C i t y B a n c s h a r e s , I n c . , R i o Grande C i t y , T e x a s , for a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s o f F i r s t N a t i o n a l Bank o f R i o Grande C i t y , Rio Grande C i t y , T e x a s . _l/ San Franci sco A l l i e d Banking C o r p o r a t i o n , B i o n d o , R e p u b l i c of t h e P h i l i p p i n e s , O c e a n i c H o l d i n g ( B V I ) , L t d . , Roadtown, B r i t i s h V i r g i n I s l a n d s and O c e a n i c H o l d i n g ( C a l i f o r n i a ) , I n c . , San F r a n c i s c o , C a l i f o r n i a , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s of O c e a n i c Bank, San F r a n c i s c o , C a l i f o r n i a , a p r o p o s e d new b a n k . San Franci sco Eldorado Bancorp, T u s t i n , C a l i f o r n i a , f o r approval to 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 E l d o r a d o Bank, T u s t i n , C a l i f o r n i a . JJ San Francisco N o r t h w e s t B a n c o r p and C i t i z e n s V a l l e y Bank, b o t h i n A l b a n y , O r e g o n , f o r a p p r o v a l t o a c q u i r e C i t i z e n s Bank of North Bend, N o r t h B e n d , O r e g o n , a new bank o r g a n i z e d t o p u r c h a s e t h e a s s e t s and t o assume t h e d e p o s i t l i a b i l i t i e s of N o r t h w e s t Commerce Bank, N o r t h B e n d , O r e g o n . 1/ 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f o f authority. t h e Board of Governors under d e l e g a t e d H.2, 1981 No. 27 - 7 ACTIONS OF THE BOARD-Continued S t . Louis Dallas Denied Callaway S e c u r i t y Banks, I n c . , Fulton, p r o v a l t o a c q u i r e 80 p e r c e n t or more s h a r e s of The C a l l a w a y Bank, F u l t o n , S e c u r i t y Bank o f A u x v a s s e , A u x v a s s e , M i s s o u r i , f o r apof t h e v o t i n g M i s s o u r i and Missouri. San Saba N a t i o n a l C o r p o r a t i o n , San S a b a , T e x a s , f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of The San Saba N a t i o n a l Bank, San S a b a , T e x a s . * * * * * To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 3 ) o f t h e Bank H o l d i n g Company Act o f 1956 S t . Louis Approved Landmark B a n c s h a r e s C o r p o r a t i o n , C l a y t o n , M i s s o u r i , f o r a p p r o v a l t o a c q u i r e a t l e a s t 90 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 t e r n a t i o n a l Bank and T r u s t Company, Kansas City, Missouri. Dallas Commerce S o u t h w e s t I n c . , D a l l a s , T e x a s , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s o f C a r r o l I t o n F i r s t N a t i o n a l Bank, C a r r o l l t o n , T e x a s . V Dallas T e x a s A m e r i c a n B a n c s h a r e s , I n c . , Fort Worth, T e x a s , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Empire Bank, D a l l a s , T e x a s . J J * * * * * To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 4 ( c ) ( 8 ) o f t h e Bank H o l d i n g Company Act o f 1956 Richmond Kansas C i t y 1/ Approved Maryland N a t i o n a l C o r p o r a t i o n , B a l t i m o r e , M a r y l a n d , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of Mutual Loan P l a n , I n c . and i t s w h o l l y - o w n e d s u b s i d i a r y , American I n d u s t r i a l Bank, I n c . , b o t h of C o l o r a d o S p r i n g s , C o l o r a d o . J J F i r s t York B a n c o r p . , Y o r k , N e b r a s k a , f o r a p p r o v a l t o a c q u i r e F i r s t T r u s t Company o f York, Y o r k , N e b r a s k a , and t h e r e b y e n g a g e i n t r u s t company a c t i v i t i e s i n Y o r k , Nebraska. 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f o f authority. t h e Board of G o v e r n o r s under d e l e g a t e d H.2 , 1981 No. 27 - 8 - ACTIONS OF THE BOARD-Continued New York New York _3/ Returned C i t i c o r p , New Y o r k , New Y o r k , n o t i f i c a t i o n of i n t e n t t o expand t h e s e r v i c e a r e a of an e x i s t i n g o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s ( t h e p u r c h a s i n g f o r i t s own a c c o u n t and s e r v i c i n g s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e o f 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 ; d e c r e a s i n g or l e v e l ( i n t h e c a s e of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ; and t h e making of l o a n s t o i n d i v i d u a l s and b u s i n e s s e s s e c u r e d by r e a l and p e r s o n a l p r o p e r t y , t h e p r o c e e d s of which may b e f o r p u r p o s e s o t h e r t h a n p e r s o n a l , f a m i l y or h o u s e h o l d u s a g e , t h e e x t e n s i o n o f l o a n s t o d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and worki n g c a p i t a l p u r p o s e s ; and t h e s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l property s u b j e c t to a s e c u r i t y agreement with N a t i o n w i d e F i n a n c i a l C o r p o r a t i o n , 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 ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e may be u n d e r w r i t t e n by F a m i l y Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e of N a t i o n w i d e F i n a n c i a l C o r p o r a t i o n ) a t 1425 West P i o n e e r , S u i t e 2 5 5 , I r v i n g , T e x a s , t h r o u g h i t s s u b s i d i a r y , N a t i o n w i d e F i n a n c i a l Corp o r a t i o n t o i n c l u d e McCurtain County i n t h e S t a t e of Oklahoma ( 7 / 3 / 8 1 ) _3/ C i t i c o r p , New Y o r k , New York, n o t i f i c a t i o n of i n t e n t to e n g a g e i n de novo a c t i v i t i e s ( t o i n c l u d e t h e s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l property s u b j e c t to a s e c u r i t y agreement with C i t i c o r p Persont 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 new a c t i v i t y would be c o n d u c t e d i n t h e p r e v i o u s l y a p p r o v e d s e r v i c e a r e a c o m p r i s e d of t h e e n t i r e S t a t e of Oklahoma; t h e f o l l o w i n g p r e v i o u s l y a p p r o v e d a c t i v i t i e s w i l l c o n t i n u e to be c o n d u c t e d a t t h e o f f i c e ; t h e p u r c h a s i n g f o r i t s own a c c o u n t and s e r v i c i n g s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h , d e c r e a s i n g or l e v e l ( i n t h e c a s e of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ; and t h e making o f l o a n s t o i n d i v i d u a l s and b u s i n e s s e s s e c u r e d by r e a l and p e r s o n a l p r o p e r t y , t h e p r o c e e d s of which may be f o r p u r p o s e s o t h e r t h a n p e r s o n a l , f a m i l y or h o u s e h o l d u s a g e ; and t h e e x t e n s i o n of l o a n s t o d e a l e r s f o r the f i n a n c i n g of i n - 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank o n b e h a l f of of G o v e r n o r s under d e l e g a t e d a u t h o r i t y . t h e Board # H.2, 1981 No. 27 9 ACTIONS OF THE BOARD-Continued v e n t o r y ( f l o o r p l a n n i n g ) and w o r k i n g c a p i t a l p u r p o s e s ; c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r a n c e may b e w r i t t e n by F a m i l y G u a r d i a n L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ) a t 5801 E a s t 4 1 s t S t r e e t , T u l s a , Oklahoma, t h r o u g h i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l Center, Inc. ( 7 / 3 / 8 1 ) 3/ Richmond Delayed Virginia National Bankshares, Inc. , Norfolk, 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 e n g a g e i n de novo a c t i v i t i e s ( m a k i n g , a c q u i r i n g , and s e r v i c i n g , f o r i t s own a c c o u n t or f o r t h e a c c o u n t of o t h e r s , l o a n s s e c u r e d p r i n c i p a l l y by s e c o n d 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 a g e n t i n t h e s a l e of c r e d i t l i f e i n s u r a n c e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e i n c o n n e c t i o n w i t h s u c h l o a n s ) a t 2 6 9 9 L e e Road, W i n t e r P a r k , 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 , VNB E q u i t y C o r p o r a t i o n ( 7 / 2 1 / 8 1 ) 3/ New York B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , b o t h of London, E n g l a n d , r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s ( f a c t o r i n g and c o m m e r c i a l f i n a n c e and making o t h e r c o m m e r c i a l l o a n s ) a t 5 0 0 F i f t h A v e n u e , New York, New Y o r k , t h r o u g h t h e i r s u b s i d i a r y , B a r c l a y s A m e r i c a n / C o m m e r c i a l , I n c . ( 7 / 3 / 8 1 ) J3/ New York The C h a s e Manhattan C o r p o r a t i o n , New Y o r k , New Y o r k , r e q u e s t s p e r m i s s i o n t o expand t h e a c t i v i t i e s of a p r o p o s e d de novo o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s ( t o a c t as i n surance agent for c r e d i t property 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 t h e p r o p o s e d l e n d i n g and s e r v i c i n g a c t i v i t i e s ) a t 2 Corp o r a t e P l a z a D r i v e , Newport B e a c h , 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 o f C a l i f o r n i a , t h r o u g h i t s s u b s i d i a r y , Chase M a n h a t t a n F i n a n c i a l S e r v i c e s , I n c . ( 6 / 3 0 / 8 1 ) _3/ New York C h e m i c a l New York 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 of e x i s t i n g o f f i c e s e n g a g i n g in the f o l l o w i n g a c t i v i t i e s ( p r o v i d i n g p o r t f o l i o i n v e s t m e n t a d v i c e ( r e a l e s t a t e ) t o any p e r s o n ; f u r n i s h i n g g e n e r a l e c o n o m i c i n f o r m a t i o n and a d v i c e ; p r o v i d i n g f i n a n c i a l a d v i c e t o t h e s t a t e and l o c a l g o v e r n m e n t s w i t h r e s p e c t t o i s s u a n c e of t h e i r s e c u r i t i e s ; p e r f o r m i n g r e a l e s t a t e a p p r a i s a l s ; t h e s e r v i c e a r e a f o r each o f f i c e i s t h e e n t i r e c i t y i n which s u c h o f f i c e i s l o c a t e d a s w e l l as t h e i m m e d i a t e l y s u r r o u n d i n g t o w n s ) a t 120 E. M i l l S t r e e t , Quaker S q u a r 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 R e s e r v e Bank on b e h a l f o f of G o v e r n o r s under d e l e g a t e d a u t h o r i t y . t h e Board H.2, 1981 No. 27 - 10 - ACTIONS OF THE BOARD-Continued S u i t e 4 1 1 , Akron, O h i o ; t h e F i f t h & Race Tower, 120 West F i f t h S t r e e t , S u i t e 1203, C i n c i n n a t i , O h i o ; E a s t O h i o B u i l d ing, Superior & Ninth, S u i t e 912, Cleveland, Ohio; T a l b o t t Tower, 131 N. L u d l o w , S u i t e 1 1 0 8 , D a y t o n , O h i o ; 315 5 U . S . S t e e l B u i l d i n g , 600 Grant S t r e e t , P i t t s b u r g h , P e n n s y l v a n i a ; 6 1 0 0 N. K e y s t o n e , Room 5 4 5 , I n d i a n a p o l i s , I n d i a n a ; 101 E a s t Town S t r e e t , Columbus, O h i o ; 1250 S. Omni I n t e r n a t i o n a l , A t l a n t a , G e o r g i a ; Two I n t e r n a t i o n a l P l a z a D r i v e , S u i t e 3 1 5 , N a s h v i l l e , T e n n e s s e e ; 2010 Gadsden S t r e e t , S u i t e C, C o l u m b i a , S o u t h C a r o l i n a ; and Ranger I n s u r a n c e B u i l d i n g , S u i t e 120, 5333 W e s t h e i m e r Road, S o u t h L i n e , H o u s t o n , T e x a s , t h r o u g h i t s s u b s i d i a r y , Chemical Mortgage Company ( 7 / 3 / 8 1 ) 3_/ New York L i n c o l n F i r s t Banks I n c . , R o c h e s t e r , New York, r e q u e s t s p e r m i s s i o n t o e s t a b l i s h a de novo o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s ( a c t i n g a s i n v e s t m e n t or f i n a n c i a l a d v i s o r t o t h e e x t e n t of p r o v i d i n g p o r t f o l i o i n v e s t m e n t a d v i c e to any p e r s o n o t h e r t h a n a F l o r i d a Bank o r T r u s t Company and f u r n i s h i n g g e n e r a l e c o n o m i c i n f o r m a t i o n and a d v i c e , g e n e r a l e c o n o m i c s t a t i s t i c a l f o r e c a s t i n g s e r v i c e s and i n d u s t r y s t u d i e s , s e r v i c i n g t h e c o u n t y of Palm B e a c h , F l o r i d a ) a t S u i t e 4 0 1 , A r v i d a F i n a n c i a l P l a z a , Boca R a t o n , F l o r i d a , through i t s s u b s i d i a r y , L i n c o l n F i r s t of F l o r i d a , Inc. (7/3/81) 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 e s t a b l i s h a de novo o f f i c e e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s ( l e a s i n g r e a l and p e r s o n a l p r o p e r t y on a f u l l p a y o u t b a s i s , a c t i n g as a g e n t , b r o k e r or a d v i s e r in l e a s i n g s u c h p r o p e r t y ; making or a c q u i r i n g f o r i t s own a c c o u n t o r f o r t h e a c c o u n t of o t h e r s l o a n s and o t h e r e x t e n s i o n s of c r e d i t such as would be made by a commercial l e a s i n g or c o m m e r c i a l mortgage company, w i t h r e s p e c t t o r e a l a n d / o r p e r s o n a l p r o p e r t y , and s e r v i c i n g s u c h l e a s e s , l o a n s and o t h e r e x t e n s i o n s o f c r e d i t as p e r m i t t e d under S e c t i o n s 2 2 5 . 4 ( a ) ( 1 ) , ( 3 ) and ( 6 ) o f R e g u l a t i o n Y) a t F i r s t Union P l a z a , C h a r l o t t e , North C a r o l i n a , s e r v i n g t h e S t a t e s of N o r t h C a r o l i n a , S o u t h C a r o l i n a and V i r g i n i a , t h r o u g h i t s s u b s i d i a r y , M a n u f a c t u r e r s Hanover L e a s i n g C o r p o r a t i o n ( 6 / 2 8 / 8 1 ) _3/ New York M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, p e r m i s s i o n t o e s t a b l i s h a de novo o f f i c e e n g a g i n g i n f o l l o w i n g a c t i v i t i e s ( a r r a n g i n g , making or a c q u i r i n g own a c c o u n t o r f o r t h e a c c o u n t of o t h e r s , l o a n s and e x t e n s i o n s o f c r e d i t s e c u r e d by a homeowner's e q u i t y 37 4 ( c ) ( 8 ) not i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of of G o v e r n o r s under d e l e g a t e d a u t h o r i t y . requests the for its other interest t h e Board H.2, 1981 No. 27 — 11 — ACTIONS OF THE BOARD-Cont i n u e d i n a home such as would be made by a consumer f i n a n c e company; s e r v i c i n g s u c h l o a n s and o t h e r e x t e n s i o n s o f c r e d i t f o r any p e r s o n ; a c t i n g a s an a g e n t o r b r o k e r f o r t h e s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e trtiich i s d i r e c t l y r e l a t e d t o s u c h l o a n s and e x t e n s i o n s o f c r e d i t , and t h r o u g h i t s s u b s i d i a r y , Tempco L i f e I n s u r a n c e Company r e i n s u r i n g s u c h c r e d i t l i f e i n s u r a n c e ; and p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , a c t i n g as an a g e n t or b r o k e r f o r t h e s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e v*iich i s d i r e c t l y r e l a t e d t o s u c h l o a n s and e x t e n s i o n s of c r e d i t , and t h r o u g h Tempco L i f e I n s u r a n c e Company r e i n s u r i n g s u c h 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 ) a t 3409 N o r t h H u l l e n S t r e e t , M e t a i r i e , L o u i s i a n a , and w i l l s e r v e p a r i s h e s of O r l e a n s , J e f f e r s o n , S t . J o h n , S t . C h a r l e s , P l a g u e m i n e s , S t . Bernard and L a f o u r c h e , a l l i n L o u i s i a n a , t h r o u g h i t s s u b s i d i a r y , Termplan I n c o r p o r a t e d of L o u i s i a n a (6/28/81) 2 / New York S e c u r i t y New York S t a t e C o r p o r a t i o n , R o c h e s t e r , New York, ( t o u n d e r w r i t e as r e i n s u r e r 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 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 i t s b a n k i n g s u b s i d i a r i e s i n New York S t a t e ) t h r o u g h i t s s u b s i d i a r y , G r i f f i n L i f e I n s u r a n c e Company, Phoenix, Arizona (6/28/81) 3/ Kansas C i t y Commercial B a n k s h a r e s , I n c . , Grand I s l a n d , N e b r 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 e n g a g e i n de novo a c t i v i t i e s ( i n o p e r a t i n g an i n d u s t r i a l bank a s a u t h o r i z e d by N e b r a s k a l a w , i n c l u d i n g a c c e p t i n g t i m e and s a v i n g s d e p o s i t s ; making and 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 o f c r e d i t such a s w o u l d be made b y an i n d u s t r i a l bank; and s e l l i n g l i f e , a c c i d e n t and h e a l t h , and p h y s i c a l damage 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 i t s e x t e n s i o n s o f c r e d i t ) a t 1616 South L o c u s t and Highway 281 and T h i r t e e n t h S t r e e t , b o t h of Grand I s l a n d , N e b r a s k a , s e r v i n g t h e C i t y of Grand I s l a n d and i t s Lrade t e r r i t o r y o r t h a t a r e a w i t h i n an 80 m i l e r a d i u s , t h r o u g h i t s s u b s i d i a r y , Commercial S a v i n g s Company ( 7 / 2 / 8 1 ) 3 / Dallas El P a s o N a t i o n a l C o r p o r a t i o n , El P a s o , T e x a s , n o t i f i c a t i o n of i n t e n t t o e n g a g e i n de novo a c t i v i t i e s ( t o e n g a g e i n t h e a c t i v i t y o f a c t i n g a s a managing g e n e r a l i n s u r a n c e a g e n t p u r s u a n t t o t h e laws of T e x a s ) a t 6 0 4 4 Gateway E a s t , El P a s o , T e x a s , through a s u b s i d i a r y , Surety General Agency, Inc. ( 7 / 3 / 8 1 ) 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 R e s e r v e Bank on b e h a l f of of G o v e r n o r s under d e l e g a t e d a u t h o r i t y . t h e Board • H.2, 1981 No. 27 e - 12 ACTIONS OF THE BOARD-Continued San Francisco F i r s t I n t e r s t a t e B a n c o r p , Los A n g e l e s , C a l i f o r n i a ( f o r m e r l y Western B a n 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 e n g a g e in de novo a c t i v i t i e s ( i n o p e r a t i n g an i n d u s t r i a l bank as a u t h o r i z e d by C o l o r a d o l a w , i n c l u d i n g t h e a c c e p t a n c e of time and s a v i n g s d e p o s i t s ; m a k i n g , a c q u i r i n g and s e r v i c i n g l o a n s , and o t h e r e x t e n s i o n s o f c r e d i t ; and a c t i n g a s a g e n t or b r o k e r w i t h r e s p e c t t o 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 , 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 o f c r e d i t or t h e p r o v i s i o n of o t h e r f i n a n c i a l s e r v i c e s by W e s t e r n B a n c o r p o r a t i o n or i t s a f f i l i a t e s ) i n Fort C o l l i n s , C o l o r a d o , s e r v i n g t h e Fort C o l l i n s , S t a n d a r d M e t r o p o l i t a n S t a t i s t i c a l Area, through i t s s u b s i d i a r y , F i r s t I n t e r s t a t e I n d u s t r i a l Bank o f F o r t C o l l i n s ( 7 / 4 / 8 1 ) _3/ San Francisco U . S . B a n c o r p , P o r t l a n d , O r e g o n , n o t i f i c a t i o n of i n t e n t t o e n g a g e i n de novo a c t i v i t i e s ( m a k i n g , a c q u i r i n g and s e r v i c i n g o f l o a n s and o t h e r e x t e n s i o n s o f c r e d i t , e i t h e r s e c u r e d or u n s e c u r e d , f o r i t s own a c c o u n t or f o r t h e a c c o u n t of o t h e r s i n c l u d i n g , but n o t l i m i t e d t o , consumer l o a n s ; 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 and o t h e r forms of r e c e i v a b l e s ; making i n v e s t m e n t s as p e r m i t t e d by R e v i s e d Code of W a s h i n g t o n , D i v i s i o n of B a n k i n g , C h a p t e r 3 1 . 0 4 I n d u s t r i a l Loan Companies; and a c t i n g as i n s u r a n c e a g e n t w i t h r e g a r d t o c r e d i t l i f e and d i s a b i l i t y i n s u r a n c e , p r o p e r t y and c a s u a l t y i n s u r a n c e s o l e l y i n c o n n e c t i o n w i t h e x t e n s i o n s o f c r e d i t by CILC) i n t h e downtown c o r e of V a n c o u v e r , W a s h i n g t o n , w i t h i n an a r e a bounded by t h e 1 - 5 I n t e r s t a t e Freeway on the e a s t , W a s h i n g t o n S t r e e t on the w e s t , Second S t r e e t on t h e s o u t h and E a s t S i x t e e n e t h S t r e e t on t h e n o r t h , t h e g e o g r a p h i c a r e a to be s e r v e d w i l l be p r i n c i p a l l y C l a r k County of t h e P o r t l a n d SMSA, t h r o u g h a s u b s i d i a r y , U . S . C r e d i t c o r p I n d u s t r i a l Loan Company ( 7 / 4 / 8 1 ) 3/ San Francisco U . S . B a n c o r p , P o r t l a n d , O r e g o n , n o t i f i c a t i o n of i n t e n t t o e n g a g e i n de novo a c t i v i t i e s ( t h e m a k i n g , a c q u i r i n g and s e r v i c i n g of 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 , e i t h e r s e c u r e d o r u n s e c u r e d , f o r i t s own a c c o u n t o r f o r t h e a c count of o t h e r s , i n c l u d i n g t h e p u r c h a s i n g of c o n t r a c t s and e v i d e n c e s o f d e b t , making c o m m e r c i a l and b u s i n e s s l o a n s , and a c t i n g a s i n s u r a n c e a g e n t w i t h r e g a r d t o c r e d i t l i f e and d i s a b i l t i y i n s u r a n c e s o l e l y i n c o n n e c t i o n w i t h e x t e n s i o n s o f c r e d i t by C r e d i t c o r p ) i n t h e downtown c o r e of V a n c o u v e r , W a s h i n g t o n , w i t h i n an a r e a bounded by t h e 1 - 5 I n t e r s t a t e Freeway on the e a s t , W a s h i n g t o n S t r e e t on t h e w e s t , Second S t r e e t on t h e s o u t h and E a s t S i x t e e n t h S t r e e t on t h e n o r t h , t h e g e o g r a p h i c a r e a t o be s e r v e d w i l l be p r i n c i p a l l y C l a r k County of t h e P o r t l a n d SMSA, t h r o u g h a s u b s i d i a r y , U . S . C r e d i t c o r p ( 7 / 4 / 8 1 ) 3f 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 R e s e r v e Bank on b e h a l f of of G o v e r n o r s under d e l e g a t e d a u t h o r i t y . i t h e Board H.2, 1981 No. 27 - 13 ACTIONS OF THE BOARD-Continued To E s t a b l i s h a D o m e s t i c Branch P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Reserve System Boston B e l k n a p Bank & T r u s t , B e l m o n t , New H a m p s h i r e . To e s t a b l i s h a b r a n c h on C e n t r a l S t r e e t , F r a n k l i n , New H a m p s h i r e . 2/ Philadelphia G i r a r d Bank, Bala-Cynwyd, P e n n s y l v a n i a . remote s e r v i c e f a c i l i t i e s a t : New F a l l s To e s t a b l i s h and E d g e l y R o a d s , L e v i t t o w n , P e n n s y l v a n i a 213 West S t r e e t Road, F e a s t e r v i l l e , Pennsylvania L a n e c o M a r k e t , F i f t e e n t h and A l l e n S t r e e t s , Pennsylvania Laneco Market, A1lentown, 2300 Lehigh S t r e e t , A1lentown, P e n n s y l v a n i a L a n e c o M a r k e t , Route 2 2 2 and Cedar C r e s t B o u l e v a r d , A 1 l e n town, P e n n s y l v a n i a B i g g a n s , S h o r e and Guerra R e a l t o r s , One E a s t Germantown P i k e , Norristown, Pennsylvania. 2/ * * * * * To Become a Member of t h e F e d e r a l R e s e r v e S y s t e m Pursuant t o S e c t i o n 9 of t h e F e d e r a l Reserve Act Kansas C i t y Bank of P a r k C o u n t y , B a i l e y , Richmond F i r s t S e t t l e r s Bank, H a y e s , V i r g i n i a . 2/ Colorado. A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as t o t h e l e n g t h of t h e comment p e r i o d . H.2, 1981 No. 27 — 14 — 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 I n v e s t ments and Other A c t i o n s P u r s u a n t t o S e c t i o n s 25 and 2 5 ( a ) of t h e F e d e r a l R e s e r v e Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank H o l d i n g Company Act o f 1 9 5 6 , as amended New York Citibank Overseas Investment Corporation, Wilmington, Delaware: r e q u e s t s c o n s e n t t o make an a d d i t i o n a l i n v e s t m e n t i n FNCB F i n a n c e L i m i t e d , S y d n e y , A u s t r a l i a and r e q u e s t s r e c o n s i d e r a t i o n of t h e r e q u i r e m e n t t h a t OOIC f i l e q u a r t e r l y f i n a n c e d a t a on F i n a n c e w i t h t h i s Bank. * * * * * To Form a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 1 ) o f t h e Bank H o l d i n g Company Act of 1956 Richmond FGB H o l d i n g C o r p o r a t i o n , W a s h i n g t o n , D . C . , for a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F i n a n c i a l G e n e r a l B a n k s h a r e s , I n c . , W a s h i n g t o n , D.C. 2 / Atlanta I.C.B. Holding, N.V., Oranjestad, Netherlands A n t i l l e s and I n t e r c o n t i n e n t a l Bank H o l d i n g Company, Miami, F l o r i d a , f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of I n t e r c o n t i n e n t a l Bank, Miami, F l o r i d a . 2 / Atlanta L i b e r t y B a n c s h a r e s , I n c . , Brentwood, T e n n e s s e e , f o r app r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of L i b e r t y Bank, B r e n t w o o d , T e n n e s s e e . 2J Chicago F i d e l i t y C o r p . , Carmel, Indiana, for approval to a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e s u c c e s s o r by merger t o The F i d e l i t y Bank o f I n d i a n a , C a r m e l , I n d i a n a . 2 / Chicago GNB B a n c o r p o r a t i o n , Grundy C e n t e r , Iowa, f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of The Grundy N a t i o n a l Bank of Grundy C e n t e r , Grundy C e n t e r , Iowa. 2/ St. Louis Area B a n c s h a r e s C o r p o r a t i o n , H o p k i n s v i l l e , K e n t u c k y , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of the s u c c e s s o r by merger t o F i r s t C i t y Bank and T r u s t Company, H o p k i n s v i l l e , Kentucky. 2 j 2/ A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d a s t o t h e l e n g t h of t h e comment p e r i o d . H.2, 1981 No. 27 - 15 APPLICATIONS RECEIVED-Continued St. Louis Perry Bancshares, I n c . , Perry, M i s s o u r i , f o r approval to a c q u i r e a t l e a s t 8 0 p e r c e n t of t h e v o t i n g s h a r e s of P e r r y S t a t e Bank, P e r r y , M i s s o u r i . 2 / St. Troy Bancorp, I n c . , T r o y , T e n n e s s e e , for a p p r o v a l to a c q u i r e a t l e a s t 8 0 p e r c e n t of t h e v o t i n g s h a r e s o f The Bank o f Troy, Troy, Tennessee. Louis - Kansas C i t y Midlands C o r p o r a t i o n , Council B l u f f s , Iowa, f o r approval t o a c q u i r e a t l e a s t 8 6 . 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 Bank o f S a n t a F e , S a n t a F e , New M e x i c o . 7J Kansas C i t y S h a t t u c k B a n c s h a r e s , I n c . , S h a t t u c k , Oklahoma, f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of The S h a t t u c k N a t i o n a l Bank, S h a t t u c k , Oklahoma. 2 / Dallas Commercial N a t i o n a l C o r p o r a t i o n , S h r e v e p o r t , L o u i s i a n a , f o r a p p r o v a l t o a c q u i r e a t l e a s t 8 0 p e r c e n t of t h e v o t i n g s h a r e s o f Commercial N a t i o n a l Bank i n S h r e v e p o r t , Shreveport, Louisiana. 2/ San Francisco N o r t h w e s t Bancorp and C i t i z e n s V a l l e y Bank, b o t h i n A l b a n y , O r e g o n , f o r a p p r o v a l t o a c q u i r e C i t i z e n s Bank of North Bend, N o r t h Bend, O r e g o n , a new bank o r g a n i z e d t o p u r c h a s e t h e a s s e t s and t o assume t h e d e p o s i t l i a b i l i t i e s of N o r t h w e s t Commerce Bank, N o r t h B e n d , O r e g o n . 2 / * * * * * To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 3 ) o f t h e Bank H o l d i n g Company Act o f 1956 Cleveland American B a n c o r p o r a t i o n , M a r i e t t a , Ohio, f o r approval t o a c q u i r e a t l e a s t 51 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 Quaker C i t y N a t i o n a l Bank, Quaker C i t y , O h i o . 2 j Richmond NCNB C o r p o r a t i o n , C h a r l o t t e , N o r t h C a r o l i n a , f o r a p p r o v a l t o a c q u i r e a t l e a s t 8 1 . 4 9 6 p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank of Lake C i t y , Lake C i t y , F l o r i d a . 2/ Y7 A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as t o t h e l e n g t h of t h e comment p e r i o d . H.2, — 16 1981 No. 27 APPLICATIONS RECEIVED-Continued Chicago B r e n t o n B a n k s , I n c . , Des M o i n e s , I o w a , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s o f Community H o l d i n g Company, K n o x v i 1 l e , Iowa and t h e i n d i r e c t a c q u i s i t i o n o f 8 0 p e r c e n t o r more of t h e v o t i n g s h a r e s of The Community N a t i o n a l Bank & T r u s t Company o f K n o x v i l l e , K n o x v i l l e , Iowa. Chicago Michigan National Corporation, B l o c m f i e l d H i l l s , Michigan, for a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by c o n s o l i d a t i o n t o P e o p l e s S t a t e Bank of E a s t T a w a s , E a s t Tawas, M i c h i g a n . 2 / Kansas C i t y J e f f r i e s Insurance Agency, I n c . , Buckner, M i s s o u r i , f o r a p p r o v a l t o a c q u i r e an a d d i t i o n a l 5 1 . 0 6 2 / 3 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t S t a t e Bank o f B u c k n e r , B u c k n e r , M i s s o u r i . 2/ Dal l a s F i r s t C i t y B a n c o r p o r a t i o n of T e x a s , I n c . , H o u s t o n , T e x a s , f o r a p p r o v a l t o a c q u i r e 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 o r t Bend N a t i o n a l Bank o f Richmond, Richmond, T e x a s . 2/ Dal l a s T e x a s A m e r i c a n B a n c s h a r e s , I n c . , Fort Worth, T e x a s , f o r app r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F o n d r e n S o u t h w e s t Bank, H o u s t o n , T e x a s . 2 / Dai l a s T e x a s Commerce B a n c s h a r e s , I n c . , H o u s t o n , T e x a s , for a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t N a t i o n a l Bank of S t a f f o r d , H o u s t o n , T e x a s , a p r o posed new b a n k . 2 / * * * * * To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 5 ) o f t h e Bank H o l d i n g Company Act of 1956 Bos ton 27 Shawmut C o r p o r a t i o n , B o s t o n , M a s s a c h u s e t t s , f o r a p p r o v a l t o merge w i t h F i r s t M e l v i l l e B a n c o r p , I n c . , New B e d f o r d , M a s s a c h u s e t t s and t h e r e b 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 o f The F i r s t N a t i o n a l Bank o f New B e d f o r d , New B e d f o r d , M a s s a c h u s e t t s . 2 / A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as t o t h e l e n g t h o f t h e comment p e r i o d . I H.2, 1981 No. 27 - 17 APPLICATIONS RECEIVED-Continued To pand a Bank H o l d i n g Company P u r s u a n t to S e c t i o n 4 ( c ) ( 8 ) o f t h e Bank H o l d i n g Company Act o f 1956 New York B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , b o t h of London, E n g l a n d , r e q u e s t p e r m i s s i o n t o e s t a b l i s h cle novo o f f i c e s e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s ( ( i ) making d i r e c t consumer l o a n s , i n c l u d i n g l o a n s s e c u r e d by r e a l e s t a t e , and p u r c h a s i n g of s a l e s f i n a n c e c o n t r a c t s r e p r e s e n t i n g e x t e n s i o n s of c r e d i t such a s would be made o r a c q u i r e d by a consumer f i n a n c e company, and w h o l e s a l e f i n a n c i n g ( f l o o r p l a n n i n g ) and ( i i ) a c t i n g a s a g e n t f o r t h e s a l e of r e l a t e d c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h and c r e d i t p r o p e r t y i n s u r a n c e ; 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 s o l d as a g e n t may be u n d e r w r i t t e n or r e i n s u r e d by B a r e l a y s A m e r i c a n C o r p o r a t i o n 1 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 ) a t 4 3 1 8 Howntowner L o o p , N o r t h M o b i l e , through t h e i r s u b s i d i a r y , BarelaysAmerican/Credit, I n c . , 1205 S o u t h e a s t Main S t r e e t , R o s w e l l , New M e x i c o , t h r o u g h t h e i r s u b s i d i a r y , B a r c l a y s A m e r i c a n / F i n a n c i a l , I n c . and 2010-M C e r r i l l o s Road, S a n t e F e , M e x i c o , t h r o u g h t h e i r subsidiary, BarclaysAmerican/Financial, Inc. (7/1/81) Mew York B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , b o t h of London, E n g l a n d , r e q u e s t p e r m i s s i o n to r e l o c a t e e x i s t i n g o f f i c e s engaging in the f o l l o w i n g a c t i v i t i e s ( ( i ) making d i r e c t consumer l o a n s , i n c l u d i n g l o a n s s e c u r e d by r e a l e s t a t e , and p u r c h a s i n g of s a l e s f i n a n c e c o n t r a c t s r e p r e s e n t i n g e x t e n s i o n s of c r e d i t s u c h a s would be made or a c q u i r e d by a consumer f i n a n c e company, and w h o l e s a l e f i n a n c i n g ( f l o o r p l a n n i n g ) and ( i i ) a c t i n g as a g e n t f o r t h e s a l e of r e l a t e d c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h and c r e d i t p r o p e r t y i n s u r a n c e ; 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 s o l d as a g e n t may b e u n d e r w r i t t e n or r e i n s u r e d by B a r e l a y s A m e r i c a n C o r p o r a t i o n f 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 1015 M e r i d i a n S t r e e t , N o r t h H u n t s v i l l e , Alabama t o 507A W i l l i a m A v e n u e , S . W . , H u n t s v i l l e , Alabama, through t h e i r s u b s i d i a r y , B a r c l a y s A m e r i c a n / C r e d i t , I n c . ; from 238 B o l t o n A v e n u e , A l e x a n d r i a , L o u i s i a n a t o The C o u r t y a r d , 5615 J a c k s o n S t r e e t , B u i l d i n g D, A l e x a n d r i a , L o u i s i a n a , through t h e i r s u b s i d i a r y , BarclaysAmericanC o r p o r a t i o n ; from 225 E a s t E l m i r a S t r e e t , San A n t o n i o , T e x a s t o V i l l a g e P l a z a S h o p p i n g C e n t e r , 6 5 5 7 San Pedro S t r e e t , San A n t o n i o , T e x a s , t h r o u g h t h e i r s u b s i d i a r y , B a r c l a y s A m e r i c a n / F i n a n c i a l , I n c . ; from 922 Broadway, Tacoma, W a s h i n g t o n t o 1810 M i l d r e d S t r e e t , Tacoma, W a s h i n g t o n , t h r o u g h t h e i r s u b s i d i a r i e s , Bare l a y s A m e r i c a n / F i n a n c i a l , I n c . and B a r e l a y s A m e r i c a n / I n d u s t r i a l Company; I I • H.2, 1981 No. 27 • - 1 8 APPLICATIONS RECEIVED-Cont i n u e d from 1306 Main S t r e e t , V a n c o u v e r , W a s h i n g t o n to Chkalov D r i v e , Cascade V i l l a g e Center, Vancouver, Washington, through t h e i r s u b s i d i a r i e s , B a r e l a y s A m e r i c a n / F i n a n e i a l , I n c . and Bare l a y s A m e r i c a n / I n d u s t r i a l Company and from 615-C"Y" A v e n u e , C a s p e r , Wyoming t o 301 South Thelma D r i v e r , C a s p e r , Wyoming, t h r o u g h t h e i r s u b s i d i a r y , BarelaysAmericanCorporation ( 7 / 1 / 8 1 ) New York C i t i c o r p , New Y o r k , New York, r e q u e s t p e r m i s s i o n t o e s t a b l i s h a de n o v o o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own a c c o u n t or f o r t h e a c count of o t h e r s , c o m m e r c i a l l o a n s and o t h e r e x t e n s i o n s of c r e d i t i n c l u d i n g , but n o t l i m i t e d t o , t h e b u s i n e s s of f a c t o r i n g and a s s e t - b a s e d f i n a n c i n g ; and l e a s i n g p e r s o n a l or r e a l p r o p e r t y or a c t i n g as a g e n t , b r o k e r or a d v i s e r i n l e a s i n g s u c h p r o p e r t y and s e r v i c i n g s u c h l e a s e s s u b j e c t t o a l l of t h e q u a l i f i c a t i o n s s p e c i f i e d i n 12 C . F . R . 2 2 5 . 4 ( a ) ( 6 ) ( a ) and ( b ) where t h e l e a s e s s e r v e as t h e f u n c t i o n a l e q u i v a l e n t of an e x t e n s i o n of c r e d i t t o t h e l e s s e e of t h e p r o p e r t y ) a t the Commercial S e c u r i t y Bank Tower, 50 S o u t h Main S t r e e t , S a l t Lake C i t y , Utah, through i t s s u b s i d i a r y , C i t i c o r p I n d u s t r i a l Credit, Inc. ( 6 / 3 0 / 8 1 ) Chicago W a l t e r E. H e l l e r I n t e r n a t i o n a l C o r p o r a t i o n , C h i c a g o , 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 e n g a g e i n de novo a c t i v i t i e s ( p e r f o r m i n g a p p r a i s a l s of a l l t y p e s of r e a l e s t a t e ( e . g . r e s i d e n t i a l , c o m m e r c i a l and i n d u s t r i a l ) w h e r e v e r l o c a t e d in the United S t a t e s , p r i m a r i l y for o u t s i d e customers, w h e r e v e r l o c a t e d , and f o r b a n k i n g and n o n b a n k i n g a f f i l i a t e s of t h e A p p l i c a n t p u r s u a n t t o S e c t i o n 2 2 5 . 4 ( a ) ( 1 4 ) of R e g u l a t i o n Y) a t 10 South La S a l l e S t r e e t , C h i c a g o , I l l i n o i s , t h r o u g h a s u b s i d i a r y , Abacus R e a l t y A p p r a s e r s , Inc. ( 6 / 2 4 / 8 1 ) Kansas C i t y Commerce Group, I n c . ; Commerce Group Grand I s l a n d , I n c . ; Commerce Group H a s t i n g s , I n c . ; Commerce Group K e a r n e y , I n c . ; Commerce Group North P l a t t e , I n c . and Commerce Group West P o i n t , I n c . , f o r a p p r o v a l t o j o i n t l y a c q u i r e Commerce A f f i l i a t e d L i f e I n s u r a n c e Company, P h o e n i x , A r i z o n a and t h e r e b y e n g a g e de novo i n t h e a c t i v i t y of p r o v i d i n g c r e d i t l i f e , c r e d i t h e a l t h and a c c i d e n t r e insurance.
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