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•

•
ANNOUNCEMENT BY

BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1979 No. 22)
Actions of the Board; Applications and Reports
APPLICABLE
RESERVE BANK

Received During the Week Ending June 2, 1979
ACTIONS OF THE BOARD
The Federal bank supervisory agencies announced a series
of regulatory changes that will help small savers
obtain a higher return on their deposits? the measures
will go into effect on July 1 for all Federallyinsured commercial banks, savings and loan associations and mutual savings banks.
The regulatory agencies requested comment through July 2
on a proposal to liberalize the penalty for early
withdrawal of deposits for all accounts in the event
of the death of the depositor.
The regulatory agencies ruled that banks and savings and
loan associations may accept deposits that have been
pooled by depositors to reach a minimum denomination
requirement, but the institutions may not solicit or
promote pooled deposits in any way.
The regulatory agencies requested comment through July 2
on a proposal to subject repurchase agreements of less
than $100,000 to the same interest rate ceilings as
deposits of similar maturities.
Proposed guidelines for the Federal Reserve System's health
insurance coverage.
Bank of Mid-Jersey, Bordentarn, New Jersey, extension of
time to November 15, 1979, within which to issue subordinated capital notes.

Kansas City

Diversified Financial Services, Inc., Otis, Kansas, extension of time to August 22, 1979, within which to
consummate the acquisition of Otis State Bank, Otis,
Kansas. 1/

Atlanta

Southwest Florida Banks, Inc., Fort Myers, Florida, extension of time to September 1, 1979, within which to
acquire the shares of Charlotte County National Bank. 1/

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



H.2, 1979 No. 22

—

2

—

ACTIONS OF THE BOARD-Continued
St. Louis

Townsend Financial Corporation, Parsons, Tennessee, additional extension of time to August 12, 1979, within
which to become a bank holding company through the
acquisition of Farmers Bank, Parsons, Tennessee. 1/

New York

Maplewood Bank and Trust Company, Buffalo, New York, permission to make an additional investment in bank premises. 1/

Chicago

Old Kent Bank and Trust Company, Grand Rapids, Michigan,
extension of time to December 9, 1979, within which to
establish a branch in the vicinity of 0-300 Chicago
Drive, Georgetown Township, Michigan. 1/

San
Francisco

United California Bank, Los Angeles, California, extension of time to June 22, 1980, within which to establish a branch at the intersection of La Jolla Village
Drive and Genesee Avenue, San Diego, California. 1/

San
Francisco

United California Bank, Los Angeles, California, extension of time to December 12, 1979, within which to
establish a branch office in the vicinity of McHenry
and Sylvan Avenues, Modesto, California. 1/

Chicago

Security State Bank, Hartley, Iowa, permission to exercise
specific trust powers. 1/

New York

Chase Manhattan Overseas Banking Corporation, New York,
New York, additional one-year extension of time within
which to invest in Chase and Bank of Ireland (International) Ltd., Dublin, Ireland. 1/

San
Francisco

ANB National Bank, Anaheim, California, proposed merger
with Anaheim National Bank, Anaheim, California,
report to the Comptroller of the Currency on competitive
factors. 1/

Atlanta

Ellis Banking Corporation, Subsidiaries of, Bradenton,
Florida, proposed merger with Ellis National Bank of
Tampa, Tampa, Florida, report to the Comptroller of
the Currency on competitive factors. 1/

Richmond

New Bank of Culpeper, Culpeper, Virginia, proposed merger with National Bank and Trust Company, Charlottesville,
Virginia, report to the Comptroller of the Currency on
competitive factors. 1/

17

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




H.2, 1979 No. 22

— 3 —
ACTIONS OF THE BQARD-Continued

Atlanta

Southeast Bank of Edgewxtd, Jacksonville, Florida, and
Southeast First National Beach Bank, Jacksonville
Beach, Florida, proposed merger with Southeast First
Bank of Jacksonville, Jacksonville, Florida, report
to the Federal Deposit Insurance Corporation on competitive factors. 1/

T7 Application processed on behalf of the Board of Governors under delegated
authority.




H.2, 1979 No. 22

- 4 ACTIONS OF THE BOARD-Continued

To Establish a Dcmestic Branch Pursuant to Section
9 of the Federal Reserve Act
Boston

Approved
Cape Cod Bank and Trust Company, Hvannis, Massachusetts.
Branch to be established on Route 6A, Dennis. 1/ & 2/

Boston

The Mountain Trust Company, Stowe, Vermont. Branch to
be established at the intersection of Main and Park
Streets, Waterbury. 1/ & 2/

Chicago

Chemical Bank and Trust Company, Midland, Michigan.
Branch to be established in the vicinity of 3858 M-13,
Pinconning Township, Bay County. 1/ & 2/

San
Francisco

United California Bank, Los Angeles, California. Branch
to be established in the vicinity of Mcwry Avenue and
Cedar Boulevard, City of Newark, Alameda County. 1/ &

2/

* * * * *

To Merge Pursuant to Section 18 (c) of the Federal Deposit
Insurance Act
Richmond

Approved
Fidelity American Bank, Norfolk, Virginia, for prior approval to merge with The First National Bank of Yorktown, Yorktown, Virginia. 1/ & 2/
* * * * *

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
San
Francisco

Approved
Emerald Empire Banking Company, Springfield, Oregon. 1 &
2/

17 Application processed on behalf of the Board of Governors under delegated
~~ authority.
2/ Application subject to Community Reinvestment Act. The Community
~
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




i

i

H.2, 1979 No. 22

w

- 5 APPLICATIONS RECEIVED-Continued

To Form a Bank Holding Germany Pursuant to Section
3(a) (1) of the Bank Holding Canpany Act of 1956
Chicago

Approved
Kent Bancshares, Inc., Kent, Illinois, for approval to
acquire 80 per cent or more of the voting shares of
State Bank of Kent, Kent, Illinois. 2/

Kansas City

Third Bancshares Corporation, Sedalia, Missouri, for
approval to acquire 50 per cent or more of the voting
shares of The Third National Bank of Sedalia, Sedalia,
Missouri. 1/ & 2/

Dallas

Longview Financial Corporation, Longview, Texas, for approval to acquire 80 per cent or more (less directors'
qualifying shares) of the voting shares of Longview
Bank and Trust Company, Longview, Texas. 1/ & 2/

Dallas

White Oak Bancshares, Inc., White Oak, Texas, for approval to acquire 80 per cent or more of the voting
shares (less directors1 qualifying shares) of White
Oak State Bank, White Oak, Texas. 1/ & 2/
*

* *

* *

To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Minneapolis

San
Francisco

Approved
Falsbuilding, Inc., Columbia Falls, Montana, for approval to acquire indirectly 84.9 per cent of the
voting shares of United National Bank, I.ibby, Montana,
through the direct acquisition of 100 per cent of
the voting shares of Lincoln Corporation, Libby,
Montana. 2/m
Independent Bankshares Corporation, San Rafael, California, for approval to acquire 100 per cent of the
voting shares of the successor by consolidation to
Gold Country Bank, Grass Valley, California. 1/ & 2/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c) (8) of the Bank Holding Ccmpany Act of 1956
Cleveland

Approved
Pittsburgh National Corporation, Pittsburgh, Pennsylvania,
for approval to engage de novo in the activity of
underwriting, as reinsurer, credit life and credit

17 Application processed on behalf of the Board of Governors under delegated
~
authority.
2/ Application subject to Community Reinvestment Act. The Carmunity
~
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the Garment period.



I

H.2, 1979 No. 22

- 6 ACTIONS OF THE BOARD-Continued
accident and health insurance directly related to
extensions of credit by Applicant and its subsidiary
bank, Pittsburgh National Bank, Pittsburgh, Pennsylvania, through a wholly ctvned subsidiary kncwn as
Pittsburgh National Life Insurance Canpany, Phoenix,
Arizona. 1/

Kansas City

San
Francisco

Boston

3/

Delayed
Kansas Bank Corporation, Liberal, Kansas,, notification
of intent to engage in de novo activities (acting as
agent or broker for the sal • of life, accident and
health, property and casualty insurance which are directly related to extensions of credit by its banking
subsidiaries and in the sale of any insurance for its
banking subsidiaries) the insurance activities are to
be conducted on the premises of First National Bank of
Liberal, Liberal, Kansas (5/30/79) 3/
Imperial Bancorp, Inglewood, California, notification of
intent to engage in de novo activities (originating
mortgages on single and multi-family residential and
commercial nonresidential properties, selling the
mortgages to permanent investors, and servicing the
loans on behalf of the investors who purchase the
mortgages, and assist developers, builders and others
in obtaining construction loans and other types of
loans) at 9920 S. La Cienega Boulevard, Inglewood,
California, and 1 Tcwn Center Drive, Costa Mesa,
California, through its subsidiary, Imperial Bancorp
Mortgage Company (5/29/79) 3/
Permitted
Industrial National Corporation, Providence, Rhode Island,
notification of intent to engage in de novo activities
consumer finance and insurance agency for the sale of
credit life, and credit accident and health insurance
sold in connection with extensions of credit) at 213
Avenue O, S.W., Winter Haven, Florida, through Industrial's indirect subsidiaries kncwn as Southern Discount Company and S.D.A. Corporation (both Florida
Corporations) which are wholiy-cwned by Industrial's
indirect subsidiary, Southern Discount Company (a
Rhode Island Corporation) headquartered in Atlanta,
Georgia (5/30/79) 3/

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




i

H.2, 1979 No. 22

- 7 ACTIONS OF THE BQARD-CQntinued

New York

Manufacturers Hanover Corporation, New York, New York,
notification of intent to engage in de novo activities
(making or acquiring, loans and other extensions of
credit such as would be made by a commercial finance
company and arranging or servicing such loans and
other extensions of credit for any person) at 5775-B
Glenridge Drive, N.E., Atlanta, Georgia, through its
subsidiary, Manufacturers Hanover Commercial Corporation (Del.) (6/1/79) 3/

Cleveland

Mellon National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(to engage in general mortgage banking activities including acting as insurance agent with respect to the
sale of credit life insurance, credit accident and
health insurance, and/or mortgage redemption insurance;
in addition, Carruth is authorized to sell certain
lines of property and casualty insurance in the State
of Louisiana) at 115 Leonie Street, Lafayette, Louisiana,
through a subsidiary, Carruth Mortgage Corporation
(6/2/79) 3/

Minneapolis

First Bank System, Inc., Minneapolis, Minnesota, notification of intent to engage in de novo activities
(mortgage banking business, including the origination,
purchase, sale and servicing of real estate mortgage
loans) at 2900 Center, 2865 E. Skelly Drive, Suite
230, Tulsa, Oklahoma, through an indirect subsidiary,
FBS Hemes, Inc. (5/31/79) 3/

Minneapolis

Security Bancshares of Montana, Inc., Billings, Montana,
notification of intent to engage in de novo activities
(to buy, sell, deal in, invest, originate, service and
otherwise manage real estate loans and financing
transactions) at 311 North 32nd Street, Billings,
Montana, through a subsidiary, Security Mortgage
Company (5/31/79) 3/

San
Francisoo

Rainier Bancorporation, Seattle, Washington, notificatian of intent to engage in de novo activities (making
or acquiring, for its own account or for the account
of others, loans and other extensions of credit,
including the making of consumer installment loans,
purchasing oonsuner installment sales finance contracts,
and making of loans to small businesses; leasing personal property and equipment, or acting as agent,
broker or adviser in such leasing where at the inoep-

37
~

4(c) (3) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Goverors under delegated authority.




H.2, 1979 No. 22

-

8

-

ACTIONS CF THE BQARD-Continued
tion of the initial lease the effect of the transaction (and, with respect to governmental entities
only, reasonably anticipated future transactions) will
yield a return that will compensate the lessor for not
less than the lessor's full investment in the property
plus the estimated total cost of financing the property
over the term of the lease, as authorized by the
Federal Reserve Board under section 225.4 (a)(6)(a) of
Regulation Y; acting as insurance agent or broker with
regard to credit life and disability insurance relating
only to extensions of credit by Rainier Credit Company,
secured or unsecured, with the limitation that the
initial amount of such insurance issued with respect
to any debtors may at no time exceed that amount owned
by debtors, and regard to consumer credit related
property and casualty insurance on personal property
subject to security agreements with Rainier Credit
Conpany) at 917 MacArthur Boulevard, Vancouver,
Washington, through its subsidiary, Rainier Credit
Company (5/27/79) 3/
*

* * * *

Determinations Issued Pursuant to Section 2(g) (3)
of the Bank Holding Company Act
Dallas

37
V

First International Bancshares, Inc., Dallas, Texas,
determination pursuant to section 2 (g) (3) of the Bank
Holding Company Act that First International Bancshares,
Inc., does not control Eleanor Lindsey Love, Athens,
Texas, the transferee with respect to certain shares
of the First State Bank of Kerens, Kerens, Texas, sold
by First National Bank in Dallas, Dallas, Texas. V

4(C) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
Processed on behalf of the Board of Governors, acting through its
General Counsel, pursuant to delegated authority.




H.2, 1979 No. 22

- 9 APPLICATIONS RECEIVED

To Establish a Danes tic Branch Pursuant to Section
9 of the Federal Reserve Act
New York

Fidelity Union Trust Company, Newark, New Jersey.
Branches to be established at the following locations:
A.

53 Broad Street, Red Bank, New Jersey. 2/

B.

160 Brighton Avenue, Long Branch, New Jersey. 2/

C.

Highway 36, Pathmark/Rickles Shopping Center,
Eatontcwn, New Jersey. 2/

D.

105 South Main Street, Highs town, New Jersey. 2/

E.

Hadley & Stelton Road, South Plainfield, New
Jersey. 2/

F.

3510 Route 27, Kendall Park, New Jersey. 2/

G.

390 George Street, New Brunswick, New Jersey. 2/

New York

Chemical Bank, New York, New York. Branch to be established within the compound of Queens College, Jefferson
Hall Building, 65-30 Kissena Boulevard, Flushing,
Borough of Queens. 2/

Richmond

Union Trust Company of Maryland, Baltimore, Maryland.
Branch to be established within the Broadmead Community Center near the intersection of York and Thornton
Mill Roads, Baltimore County. 2/

Atlanta

Rapids Bank & Trust Company in Alexandria, Alexandria,
Louisiana. Branch to be established at the corner of
Lee Street and Maclee Drive, Alexandria. 2/

St. Louis

Louisville Trust Bank, Louisville, Kentucky. Branch to
be established at Taylorsville Road at Sprowl Road,
Jeffersontown, Jefferson County. 2/

27 Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.




B

H.2, 1979 No. 22

- 1 0 -

APPLICATIONS RECEIVED-Continued
To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Chicago

Harris Trust and Savings Bank, Chicago, Illinois:
requests consent to establish a branch in Singapore,
Republic of Singapore.

Chicago

Sears Bank and Trust Company, Chicago, Illinois:
requests consent to establish a branch in Georgetown,
Grand Cayman, Cayman Islands.
* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Chicago

Goodencw Bancorporation, Wall Lake, Iowa, for approval
to acquire 80 per cent or more of the voting shares of
Wall Lake Savings Bank, Wall Lake, Iowa. 2/

Chicago

Grand Ridge Bancorporation, Grand Ridge, Illinois,
for approval to acquire 80 per cent or more of the
voting shares of The First National Bank of Grand
Ridge, Grand Ridge, Illinois. 2/

Chicago

KOSS-WINN BANCSHARES, INC., Buffalo Center, Icwa, for
approval to acquire 95 per cent or more of the voting
shares of The Farmers Trust and Savings Bank, Buffalo
Center, Iowa. 2/

Chicago

TALEN, INC., Edgerton, Wisconsin, for approval to acquire
80 per cent or more of the voting shares of First
State Bank of Edgerton, Edgerton, Wisconsin. 2/

Minneapolis

Blooming Prairie Bancshares,
Minnesota, for approval to
the voting shares of First
Prairie, Blooming Prairie,

Kansas City

W.B.P., Inc. Guymon, Oklahoma, for approval to acquire
80 per cent or more of the voting shares of Bank of
the Panhandle, Guymon, Oklahoma. 2/

Inc., Blooming Prairie,
acquire 89.2 per cent of
National Bank of Blooming
Minnesota. 2/

27 Application subject to Ccmnunity Reinvestment Act. The Ccrrnunity
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the Garment period.



I

H.2, 1979 No. 22

- 1 1 -

APPLICATIQNS RECEIVED-Continued
Dallas

New First Security National Corporation, Houston, Texas,
for approval to acquire 100 per cent of the voting
shares of First Security Bank of Beaumont, N.A.,
Beaumont, Texas; 100 per cent of the voting shares of
First Security Central Bank, Beaumont, Texas; 100 per
cent of the voting shares of Colleyville, N.A.,
Colleyville, Texas; 100 per cent of the voting shares
of First Security Bank of Dallas, N.A., Dallas, Texas;
100 per cent of the voting shares of First Security
Bank of Garland, N.A., Garland, Texas; 100 per cent of
the voting shares of First Security Bank of Grand
Prairie, N.A., Grand Prairie, Texas; 85.41 per cent of
the voting shares of First Security Bank of Kountze,
Kountze, Texas; 100 per cent of the voting shares of
First Security Bank of Lancaster, Lancaster, Texas;
56.95 per cent of the voting shares of First Security
Bank of Sour Lake, Sour Lake, Texas; and 37.50 per
cent of the voting shares of Gateway National Bank of
Beaumont, Beaumont, Texas. 2/
*

*

*

*

*

To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Dallas

First City Bancorporation of Texas, Inc., Houston, Texas,
for approval to acquire 62.5 per cent (less directors1
qualifying shares) of the voting shares of Gateway
National Bank of Beaumont, Beaumont, Texas. 2/

San
Francisco

First Security Corporation, Salt Lake City, Utah, for
approval to acquire 99 per cent of the voting shares
of First Security Bank of Richfield, National Association, Richfield, Utah, a proposed new bank. 2/
* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a) (5) of the Bank Holding Company Act of 1956
Dallas

27

First City Bancorporation of Texas, Inc., Houston, Texas,
for approval to acquire 100 per cent of the voting
shares of First Security National Corporation, Beaumont,
Texas. 2/

Application subject to Ccxnmunity Reinvestment Act. The Ccmmunity
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the Garment period.




K.2, 1979 No. 22

- 12 APPLICATIONS HECEIVED-Continued

To Expand a Bank Holding Company Pursuant to Section
4(c) (8) of the Bank Holding Company Act of 1956
New York

Manufacturers Hanover Corporation, New York, New York,
notification of intent to relocate de novo activities
(arranging, making or acquiring for its own account or
for the account of others, loans and other extensions
of credit such as would be made by a consumer finance
company; making or acquiring, for its own account or
for the account of others, loans and other extensions
of credit including purchasing installment sales
finance contracts such as would be made by a sales
finance company; servicing any such loans and other
extensions of credit for any persons; acting as agent
or broker for the sale of health insurance directly
related to extensions of credit made by Ritter Finance
Company, Inc. of North Carolina; acting as agent or
broker for property damage and liability insurance
insuring collateral securing loans and other extensions
of credit made directly by Ritter Finance Company,
Inc. of North Carolina; and reinsurance, through
Ritter Life Insurance Company, of credit life and
credit accident and health insurance which is directly
related to extensions of credit made by Ritter Finance
Company, Inc. of North Carolina) at 216 Ninth Street,
North Wilkesboro, North Carolina and 1720 Homer
Boulevard, Sanford, North Carolina, through its subsidiary, Ritter Finance Ccmmny, Inc. of North Carolina
(5/28/79) 3/

New York

Security New York State Corporation, Rochester, New York,
notification of intent to engage in de novo activities
(to provide information processing services to meet
the needs of Security Nev York State Corporation and
others) at 202 East State Street, Ithaca, New York,
Building #6, Delaware Park Centre, Olean, New York and
187 Fall Street, Seneca Falls, New York, through its
subsidiary, Griffin Computer Services, Inc. (5/31/79)
3/

Philadelphia

Dauphin Deposit Corporation, Harrisburg, Pennsylvania,
for approval to acquire all of the voting shares of
Dauphin Life Insurance Company, a company that would
engage de novo in the activity of underwriting, as
reinsurer, credit life and credit accident and health
insurance directly related to extensions of credit by
Applicant's credit granting subsidiary.

37
~

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




1

H.2, 1979 No. 22

- 13 APPLICATIONS RECEIVED-CQntinued

Philadelphia

Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to engage in de novo
activities (the selling of credit life insurance and
credit accident and health insurance in connection
with the previously approved activity of making personal installment loans secured by mortgages on the
borrowers1 real estate) at 7320 Old York Road, Melrose
Park, Pennsylvania, through its direct subsidiary,
Colonial Mortgage Consumer Discount Company, Melrose
Park, Pennsylvania (5/25/79) 3/

Cleveland

Pittsburgh National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(to engage in mortgage banking activities, including
the making or acquiring and servicing, for its own
account or the account of others, loans and other extensions of credit) in the Metropolitan area of Savannah,
Georgia, through its subsidiary, The Kissell Company
(5/31/79) 3/

Chicago

American Fletcher Corporation, Indianapolis, Indiana,
notification of intent to engage in de novo activities
(making or acquiring, for its cxvn account loans or
other extensions of credit) at 333 West Fourth Street,
Marion, Indiana, through its subsidiary, Local Finance
Corporation (5/30/79) 3/

Chicago

First Chicago Corporation, Chicago, Illinois, notification of intent to engage in de novo activities (to
engage in leasing of personal property and making or
acquiring loans and other extensions of credit such as
would be made by a finance company and servicing such
loans and other extensions of credit) in Chicago, Oak
Brook, Schamburg and Skokie, Illinois, through its
subsidiary, First Chicago Credit Corporation (5/29/79)
3/

Chicago

Northern Trust Corporation, Chicago, Illinois, notification of intent to engage in de novo activities
(performing or carrying on any one or more functions
or activities that m y be performed or carried on by a
trust company (including activities of a fiduciary,
agency or custodial nature and acting as investment or
financial adviser) in the manner authorized by the
laws of Florida but without power to accept deposits
or make commercial loans) in the Royal Poinciana
Plaza, Palm Beach, Florida, through its subsidiary,
Security Trust Company of Palm Beach (5/30/79) 3/

3/
~~

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




I

H.2, 1979 No. 22

I
- 14 APPLICATIONS KECEIVED-Continued

Kansas City

First State Bancorp, Inc., Tulsa, Oklahoma, notification of intent to engage in de novo activities (acting
as insurance agent or broker at offices at which
Bancorp or its subsidiaries are otherwise engaged in
business (or in offices adjacent thereto) with respect
to the following types of insurance: any insurance
for Bancorp and its bank related subsidiaries; credit
life, accident and health or any insurance that is
directly related to an extension of credit by the
existing subsidiary bank of Bancorp or by Bancorp)
through an Oklahoma Business Trust (of which 100 per
cent of the beneficial interest will be owned by
Bancorp) and Citizens Insurance Agency, Inc. (an
Oklahoma Corporation to be created and which 100 per
cent of the outstanding shares will be owned by the
Oklahoma Business Trust) (5/30/79) 3/

Dallas

First City Bancorporation of Texas, Inc., Houston, Texas,
for approval to acquire all of the outstanding shares
of FSN Life Insurance Company, Beaumont, Texas.

Dallas

First City Bancorporation of Texas, Inc., Houston, Texas,
for approval to acquire all of the assets of First
Security National Corporation, Beaumont, Texas which
provide bookkeeping and data processing services
necessary for its internal operation and the operation
of its subsidiaries, as well as providing other functions permissible under Section 225.4(a) (8) (i) and
(ii) of Federal Reserve Regulation Y.

San
Francisco

BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities
(making or acquiring, for its own account loans and
other extensions of credit such as would be made or
acquired by a finance company and servicing loans and
other extensions of credit? such activities will
include, but not be limited to, making consumer installment loans, purchasing installment sales finance
contracts, making loans and other extensions of credit
to small businesses, and making loans secured by real
and personal property? and the offering of credit related life, credit related accident and disability
insurance and credit related property insurance in
connection with extensions of credit made or acquired
by FinanceAmerica Corporation) at 106 Front Street,
Houma, Louisiana, through its indirect subsidiary,
FinanceAmerica Corporation (a Louisiana Corporation)
(5/23/79) 3/

y

-




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

I

i

H.2, 1979 No. 22




— 15 —
APPLICATIONS RECCIVED-Continued
REPORTS RECEIVED

None.
* * * * *

PETITIONS FOR RULEMAKING
None.