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ANNOUNCEMENT BY BOARD O F GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1986, No. 23 Actions of the Board Applications and Reports Received During the W e e k Ending June 7, 1986 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Statement by Chairman Paul Volcker before the Subcommittee on Domestic Monetary Policy of the House Committee on Banking, Finance and Urban Affairs concerning the Federal Reserve System's expenses and budget, June 5, 1986. Statement by Governor Manuel Johnson before the Subcommittee on Financial Institutions Supervision, Regulation and Insurance of the House Committee on Banking, Finance and Urban Affairs regarding H.R. 3567, the Depository Institutions Examination Improvement Act and H.R. 2282, the Truth in Savings Act, June 4, 1986. Federal Reserve Board published for public comment, requested by August 11, 1986, a proposal to provide third-party payment information over Fedwire in a standard format (Docket R-0575)/ Boston The Connecticut Bank and Trust Company, N. A . ,Hartford, Connecticut — proposed acquisition of the Cheshire and Meriden, Connecticut, offices of Jefferson Federal Savings and Loan Association, Meriden, Connecticut — report to the Comptroller of the Currency on competitive factors. 1/ New York Norstar Bank of Upstate NY., Utica, New York — investment in bank premises. 1/ Philadelphia Financial Services Bancorp, Inc., Scranton, Pennsylvania — extension of time to August 26, 1986, within which to form the bank holding company. 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 the Boa r d of G o vernors un d e r d e l e g a t e d authority. -2H . 2, 1986 No. 23 ACTIONS OF THE BOARD - Continued Cleveland UNB Corp., Canton, to August 4, 1986, United Credit Life Phoenix, Arizona. Richmond Citizens Bank and Trust Company, Blackstone, Virginia — extension of time to August 6, 1986, within which to establish a branch at corner of Agnew Street and Namozine Avenue, Burkeville, Virginia. 1/ Richmond Bruceton Bank, Bruceton Mills, West Virginia — investment in bank premises. 1/ Richmond First West Virginia Bank, National Association - Buckhannon, Buckhannon, West Virginia — proposed acquisition of assets and assumption of liabilities of the Buckhannon Branch of Fed One, F.A., Wheeling, West Virginia — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Atlanta Bank of Wrightsville, Wrightsville, Georgia — proposed merger with B.O.W. Interim Bank -- report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Atlanta Bank of Villa Rica, Villa Rica, Georgia — proposed merger with Villa Rica Interim Bank — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Atlanta Sun Bank/Indian River, N . A . , Vero Beach, Florida — proposed merger with Sun Bank/Martin County, N.A., Stuart, Florida — report to the Comptroller of the Currency on competitive factors. 1/ Atlanta CB&T Bancshares, Inc., Columbus, Georgia — extension of time to July 14, 1986, within which to acquire shares of Bank of Coweta, N e w n a n , G e o r g i a . 1/ Atlanta SouthTrust Corporation, Birmingham, Alabama — extension of time to August 16, 1986, within which to acquire shares of Citizens Bank of Hartselle, Hartselle, Alabama. 1/ 1/ Ohio — extension of time within which to form Insurance Company, 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 the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. 23 -3ACTIONS OF THE BOARD - Continued Atlanta First National Bank and Trust Company, Athens, Tennessee, proposed merger with Riceville Bank, Riceville, Tennessee — report to the Comptroller of the Currency on competitive factors. 1/ Atlanta First National Bank of Wetumpka, Wetumpka, Alabama — proposed merger with First National Wetumpka Interim Bank — report to the Comptroller of the Currency on competitive factors. 1/ Atlanta Northeast State Bank of Alabama, Henagar, Alabama — proposed merger with FNS Interim Bank, N . A . , Scottsboro, Alabama — report to the Comptroller of the Currency on competitive factors. 1/ Atlanta First National Bank of St. Charles Parish, Boutte, Louisiana — proposed merger with First National Bank of Boutte — report to the Comptroller of the Currency on competitive factors. 1/ Chicago Midwest Financial Group, Inc., Peoria, Illinois — extension of time to July 15, 1986, within which to establish Midwest Financial Group Brokerage Services, Inc. 1/ Chicago Citizens Bank of Michigan City, Indiana, Michigan — proposed merger with The First-Merchants National Bank of Michigan City, Michigan City, Indiana — report to the Comptroller of the Currency on competitive factors. 1/ Chicago Manufacturers National Corporation, Detroit, Michigan — extension of time to September 28, 1986, within which to acquire Manufacturers Bank - Delaware, Wilmington, Delaware, and engage in credit and other financial activities. 1/ St. Louis Banterra Interim Bank, Norris City, Illinois — proposed merger with Norris City State Bank — report to the Federal Deposit Insurance Corporation on competitive factors. 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 the B o a r d of Gov e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. 23 ACTIONS OF THE BOARD - Continued Kansas City United Missouri Bancshares, Inc., Kansas City, Missouri — extension of time to June 30, 1986, within which to engage in discount securities brokerage. 1/ Dallas LBT Corporation, Shreveport, Louisiana — extension of time to September 12, 1986, within which to acquire LBT Brokerage Services, Inc. 1/ Dallas General Bancshares, Inc., Caldwell, Texas extension of time to September 20, 1986, within which to acquire Peoples National Bank. 1/ Dallas Ne w Fredonia Bank, Nacogdoches, Texas proposed merger with Fredonia State Bank — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ * * * * * To Establish a Domestic Branch Pursuant to Section 9 of The Federal Reserve A c t Approved Philadelphia Central Bank, Holidaysburg, Pennsylvania — to establish a branch office to be located at 221 West High Street, Ebensburg, Pennsylvania 1/ (6/2/86) Richmond Bank of Virginia, Richmond, Virginia — for permission to establish a branch at 12791 Harbor Drive, Woodbridge, Virginia. 1/ (6/6/86) Richmond First Community Bank, Inc., Princeton, West Virginia — to establish an EFT facility at Short Stop Exxon, Oakvale Road, Princeton, West Virginia. 1/ (6/6/86) Richmond First Virginia Bank-Southside, Farmville, Virginia — to establish a branch at Longwood Village Shopping Center, 1510 South Main Street, Farmville, Virginia. 1/ (6/6/86) 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 the Boa r d of G o v e r n o r s und e r d e l e g a t e d authority. H . 2, 1986 No. Atlanta 23 -5ACTIONS OF THE BOARD - Continued Gulf Bank, Miami, Florida — to establish a branch at 7320 N.W. 58th Street, Miami, Florida, to be known as the Gulf Bank, West Dade Branch. 1/ (6/6/86) * * * * * To M e r g e Pursuant to Section 18(c) of the Federal Deposit Insurance A c t Approved Richmond Putnam County Bank, Hurricane, West Virginia — to merge with PCB Bank Company, Inc., Hurricane, West Virginia. 1/ (6/5/86) * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve A c t Approved Richmond PCB Bank Company, Inc., Hurricane, West Virginia. 1/ (6/5/86) * * * * * To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Approved Chicago 1/ First Chicago International, Chicago, Illinois — grants consent to sell and cash U.S. dollar denominated travelers checks at its branch office located at O'Hare International Airport. (6/6/86) 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 the Board of Gov e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. 23 -6ACTIONS OP THE BOARD - Continued * * * * * To Form a Bank Holding Company Pursuant to Section 3 ( a ) (1) of the Bank Holding Company A c t of 1956 Returned Kansas City Logan Bancshares, Inc., Logan, Kansas — for approval to acquire at least 80 percent of the voting shares of First National Bank of Logan, Logan, Kansas. (6/9/86) * * * * * A p p ro v e d Cleveland Independent Community Banc C o r p ., N o r w a l k , Ohio — for approval to acquire 100 percent of the voting shares of The Citizens National Bank of Norwalk, Norwalk, Ohio. (6/4/86) Richmond Putnam Bancshares, Inc., Hurricane, West Virginia — for approval to acquire 100 percent of the voting shares of the successor by merger to Putnam County Bank, Hurricane, West Virginia. 1/ (6/5/86) Chicago First Wilmington C o r p . , Wilmington, Illinois — for approval to acquire 100 percent of the voting shares of The First National Bank of Wilmington, Wilmington, Illinois. 1/ (6/4/86) St. Louis Tyronza Bancshares, Inc.,Tyronza, Arkansas — for approval to acquire at least 80 percent of the voting shares of Tyronza Bank, Tyronza, Arkansas. 1/ (6/3/86) Dallas Caldwell Capital Corporation, Caldwell, Texas — for approval to acquire 100 percent of the voting shares of First State Bank in Caldwell, Caldwell, Texas. 1/ (6/6/86) Dallas First FSB Bancshares, Inc., Italy, Texas — for approval to acquire 100 percent of the voting shares of FSB Bancshares, Inc., Waco, Texas and indirectly First State Bank, Collidge, Texas; First State Bank, Italy, Texas; First State Bank, Mount Calm, Texas. 1/ (6/6/86) 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 the Boa r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. 23 -7ACTIONS OF THE BOARD - Continued * * * * * To Expand a Bank Holding Company Pursuant to Section 3 ( a ) (3) of the Bank Holding Company A c t of 1956 Returned Atlanta Barnett Banks of Florida, Inc., Jacksonville, Florida — for approval to acquire 100 percent of the voting shares of Barnett Bank of Hobe Sound, N.A., Hobe Sound, Florida, a proposed new bank. (6/6/86) Kansas City City Bankshares, Inc., Oklahoma City, Oklahoma — for approval to acquire 100 percent of the voting shares of Wilshire Bancshares, Inc., Oklahoma City, and indirectly Wilshire Bank, Oklahoma City, Oklahoma. (5/30/86) * * * * * Approved N ew York The Summit Banc o r p o r a t i o n , Summit, N e w Jersey — for approval to acquire 100 percent of the voting shares of The Trust Company of Princeton, Princeton, New Jersey, a proposed new bank. 1/ (6/6/86) Atlanta Community Bancshares, Inc., Blountsville, Alabama (formerly Blountsville Bancshares) for approval to acquire 100 percent of the voting shares of Community Bank of Marshall County, Arab, Alabama, a proposed new bank. 1/ (6/ 6/ 86) Kansas City Ames Holding Company L t d . , Omaha, Nebraska — for approval to acquire 90 percent of the voting shares of Western Security Bank, Phoenix, Arizona. 1/ (6/20/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 3 ( a ) (5) of the Bank Holding Company A ct of 1956 Approved 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 the Bo a r d of Gov e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. -823 ACTIONS OF THE BOARD - Continued Cleveland Banc One Corporation, Columbus, Ohio — for approval to merge with Marion Bancorp, Marion, Indiana, and indirectly acquire First National Bank in Marion, Marion, Indiana. 1/ (6/4/86) St. Louis Spurgeon Financial Corporation, Spurgeon, Indiana — for approval to merge with Pike Bancshares, Inc., Petersburg, Indiana, and indirectly acquire Pike County Bank, Petersburg, Indiana. 1/ (6/6/86) * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c) 8 of the Bank Holding Company Act of 1956 Returned Kansas City Brookwood Bancshares, Inc., Oklahoma City, Oklahoma — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a commercial finance c o m p a n y ) . The geographic area to be served will be the metropolitan Oklahoma City area. (6/2/86) 3/ * * * * * Approved Atlanta Bank South Corporation, Atlanta, Georgia — to engage de novo in the purchase, ownership, installation, and operation of electronic fund transfer terminals and automatic teller machines in retail institutions in the state of Georgia through its newly formed, wholly owned subsidiary, Bank South Services Corporation, Atlanta, Georgia. (6/5/86) * * * * * T7 Application processed on behalf of the Board of Governors under delegated authority. 3/ 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 B a n k on b e h a l f of the B o a r d of G o v e r n o r s u n d e r d e l e g a t e d authority. H.2, 1986 No. 23 -9ACTIONS OF THE BOAKD - Continued Permitted New York J. P. Morgan & Co., Inc., New York, New York — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through one or more wholly-owned subsidiaries. The activities will be conducted throughout the United States. 3/ (6/4/86) Atlanta Hibernia Corporation, New Orleans, Louisiana — to engage d e novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, Hibernia Investment Securities, Inc., New Orleans, Louisiana. 3/ (6/ 6/ 86) Chicago Lincoln Financial Corporation, Fort Wayne, Indiana — to establish a de novo subsidiary, Midwest Life Insurance Company, Fort Wayne, Indiana, and to engage de novo (selling credit life, disability, or involuntary unemployment i n s u rance). The geographic scope will be the State of Indiana. 3/ (6/ 6/ 86) Kansas City United Banks of Colorado, Inc., Denver, Colorado — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a consumer finance company; commercial finance company) through its subsidiary, United Banks Financial Services Corporation, Denver, Colorado. This activity will be conducted on a nationwide basis. 3/ (6/4/86) San Francisco San Diego Financial Corporation, San Diego, California — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities. 3/ (6/4/86) 3/ N o t i f i c a t i o n p r o c e s s e d b y R e s e r v e B a n k on b e h a l f of the B o a r d of G o v e r n o r s und e r d e l e g a t e d authority. H.2, 1986 N o 23 “IN ACTIONS O F THE BOARD - Continued * * * * * Application to the Board of Governors of the Federal Reserve System for Prior Approval of an Acquisition Pursuant to Section 5(b) of the Bank Service Corporation Act, as Amended Approved Kansas City Central Bank of Denver, Denver, Colorado — to acquire at least fifty percent of the voting shares of Rocky Mountain Bankcard Systems, Inc., Denver, Colorado, and thereby to engage indirectly in credit card processing activities permissible for state chartered banks under Colorado law. (5/30/86) H.2, 1986 No. 23 -11APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received New York United Counties Trust Company, Cranford, New Jersey — to establish a branch at 170 Broad Street, Red Bank, New Jersey. 2/ Richmond The Bank of Tidewater, Virginia Beach, Virginia — to establish a branch at Providence Square Shopping Center, Providence Road, Virginia Beach, Virginia. 2/ Richmond Bank of Virginia, Richmond, Virginia — to establish a branch at 10001 Courtview Lane, Chesterfield, Virginia. 2/ Richmond Virginia Community Bank, Louisa, Virginia — to establish a branch at Main Street and Cutler Avenue, Louisa, Virginia. 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve A c t Received Philadelphia First Pennsylvania Bank, in or near Wilmington, Delaware. 2/ * * * * * To Merge Pursuant to Section 1 8 (c) of the Federal Deposit Insurance Act Received Chicago State Bank of Lima, Howe, Indiana — to merge with FIBC Service Bank II, Howe, Indiana. 2/ Dallas N ew Fredonia Bank, Nacogdoches, Texas — to merge with Fredonia State Bank, Nocogdoches, Texas. 2/ 2/ A p p l i c a t i o n s u bject to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e B a n k m a y be c o n t a c t e d as to the length of the c o m m e n t period. H.2, 1986 No. 23 -12APPLICATIONS RECEIVED - Continued * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Boston Border Bancshares, Inc., Jackman, Maine — for approval to acquire 100 percent of the voting shares of Border Trust Company, Jackman, Maine. 2/ Cleveland Greenup Bankshares, Inc., Greenup, Kentucky — for approval to acquire 100 percent of the voting shares of The Greenup County Bank, Greenup, Kentucky. 2/ Atlanta First St. Charles Bancshares, Inc., Boutte, Louisiana — for approval to acquire 100 percent of the voting shares of The First National Bank of St. Charles Parish, Boutte, Louisiana. 2/ Atlanta Gulf Harbor Banks, Inc., Dunedin, Florida — for approval to acquire 100 percent of the voting shares of Gulf Bank of Dunedin, Dunedin, Florida, a proposed new bank. 2/ St. Louis Clin-Ark Bankshares, Inc., Clinton, Arkansas — for approval to acquire at least 80 percent of the voting shares of First National Bank, Clinton, Arkansas. 2/ St. L ouis P e o p l e s F i n a n c i a l Corporation, Linton, Indiana — for approval to acquire 100 percent of the voting shares of Peoples Trust Company, Linton, Indiana. 2/ Minneapolis First Holding Company of Cavalier, Inc., Cavalier, North Dakota — for approval to acquire 100 percent of the voting shares of First Bank Cavalier, N . A . , Cavalier, North Dakota. 2/ Dallas Gateway Bancshares, Inc., Dallas, Texas — for approval to acquire 100 percent of the voting shares of Gateway National Bank, Dallas, Texas. 2/ 2? A p p l i c a t i o n s u bject to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e B a n k m a y be c o n t a c t e d as to the length of the c o m m e n t period. H . 2, 1986 No. 23 -13APPLICATIONS RECEIVED - Continued Dallas Royal Bancshares, Inc., Dallas, Texas — for approval to acquire 100 percent of the voting shares of Centreport National Bank, Fort Worth, Texas, a proposed new bank and Centre National Bank-Farmers Branch, Farmers Branch, Texas. 2/ Dallas Weimer Bancshares, Inc., Weimer, Texas for approval to acquire 100 percent of the voting shares of First State Bank, Weimer, Texas. 2/ * * * * * To Expand a Bank Holding Company Pursuant t o S e c t i o n 3 ( a ) (3) o f t h e B a n k H o l d i n g C o m p a n y A c t o f 1956 Received New York The Chase Manhattan Corporation, New York, New York, and Chase Manhattan National Holding Corporation, New York, New York — for approval to acquire 100 percent of the voting shares of Continental Bancor, Inc., Scottsdale, Arizona and indirectly acquire Continental Bank, Scottsdale, Arizona. 2/ N ew York Citicorp, New York, New York, and Citicorp Holdings, Inc., Wilmington, Delaware — for approval to acquire 100 percent of the voting shares of Great Western Bank and Trust, Phoenix, Arizona. 2/ Richmond Key Centurion Bancshares, Inc., Charleston, West Virginia — for approval to acquire 100 percent of the voting shares of Boone National Bank of Madison, Madison, West Virginia. 2/ Atlanta American Banks of Florida, Inc., Jacksonville, Florida — for approval to acquire 100 percent of the voting shares of American National Bank of Clay County, Orange Park, Florida, a proposed new bank. 2/ 2/ Application subject to Community Reinvestment Act. The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e B a n k m a y be c o n t a c t e d as to the length of the c o m m e n t period. H.2, 1986 No. 23 -14APPLICATIONS RECEIVED - Continued Chicago Continental Illinois Corporation, Chicago, Illinois — for approval to acquire 100 percent of the voting shares of South Suburban Bancorp, Inc., Olympia Fields, Illinois and indirectly acquire First Suburban Bank of Olympia Fields, Illinois. 2/ Chicago Lincoln Financial Corporation, Fort Wayne, Indiana — for approval to acquire 100 percent of the voting shares of Farmers and Merchants Bank, Bluffton, Indiana. 2/ Kansas City Ames Holding Company, Ltd., Omaha, Nebraska — for approval to acquire Western Security Bank, Phoenix, Arizona. 2/ San Francisco BankAmerica Corporation, San Francisco, California — to acquire The Oregon Bank, Portland, Oregon. 2/ San Francisco Zions Utah Bancorporation, Salt Lake City, Utah — for approval to acquire 100 percent of the voting shares of Mesa Bank, Mesa, Arizona. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3 ( a ) (5) of the Bank Holding Company Act of 1956 Received Chicago First Midwest Bancorp, Inc., Naperville, Illinois — for approval to merge with Bancorp of Mundelein, Inc., Mundelein, Illinois and indirectly acquire Bank of Mundelein, Mundelein, Illinois. 2/ St. Louis Dawson Springs Bancorp, Inc., Dawson Springs, Kentucky — for approval to merge with Kentucky State Bancorp, Inc., Scottsville, Kentucky and indirectly acquire Kentucky State Bank of Scottsville, Scottsville, K e n t u c k y . 2/ 2/ A p p l i c a t i o n s u bject to C o m m u n i t y R e i n v e s t m e n t Act. The C o m m u n i t y A f f a i r s O f f i c e r of the a p p l i c a b l e Re s e r v e B a n k m a y be c o n t a c t e d as to the leng t h of the c o m m e n t period. H.2, 1986 No. 23 "15APPLICATIONS RECEIVED - Continued * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company A c t of 1956 Received New York Den Norske Credit Bank, Oslo, Norway — to engage de novo (engaging in full pay-out, personal property leasing) (6/6/86) Cleveland AmeriTrust Corporation, Cleveland, Ohio — to engage de novo (engaging in the activities of a trust company of a fiduciary, agency, or custodial nature) through AmeriTrust Southeast National Association, Tampa, Florida. (6/3/86) Atlanta Allied Bankshares, Inc., Thomson, Georgia — to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them) through its subsidiary, Financial Data Dimensions, Inc., Thomson, Georgia. (6/5/86) Atlanta Citizens and Southern Corporation, Atlanta, Georgia — to engage de novo (engaging in the activities of a trust company of a fiduciary, agency, or custodial nature) through its subsidiaries, Citizens and Southern Trust Company, N.A., Atlanta, Georgia; Citizens and Southern Trust Company (Florida), N.A., Fort Lauderdale, Florida; and Citizens and Southern Trust Company (South Carolina) N . A . , Columbia, South Carolina. (6/2/86) Chicago Greater Milwaukee Financial C o r p . , Milwaukee, Wisconsin — to acquire Foremost Leasing Services, Inc., Wauwatosa, Wisconsin and thereby engage in leasing personal or real property. St. Louis First State Bancorp, Inc., Caruthersville, Missouri — to acquire Pemiscot Insurance Agency,Inc., Hayti, Missouri, and thereby engage in the sale of general insurance in a town of less than 5,000 population. H.2, 1986 No. 23 -16APPLICATIONS RECEIVED - Continued Minneapolis First Bank System, Inc., Minneapolis, Minnesota, to engage de novo (acting as an intermediary for the financing of commercial or industrial income-producing real estate e q u i t i e s ) , through its subsidiary, FBS Mortgage Corporation, Minneapolis, Minnesota. The activity will be conducted through the United States. (6/5/86) Minneapolis CORRECTION: Resource Companies, Inc., Minneapolis, Minnesota to continue to engage de novo (providing portfolio investment advice to any person) through the Milwaukee, Wisconsin office of Resource Capital Advisors, Inc., Minneapolis, Minnesota, appeared on H.2 No. 19 for the week ending May 10, 1986, as a 4 ( c ) (8) de novo, it should have appeared as a board case. Kansas City Central Oklahoma Bancshares, Inc., Depew, Oklahoma — for approval to acquire Depew Insurance Agency, Inc., Depew, Oklahoma and thereby engage in credit related insurance sales. Kansas City IntraWest Financial Corporation, Denver, Colorado — for approval to engage de novo in underwriting and reinsuring credit life and accident and health insurance that is directly related to extensions of credit by Applicant or its subsidiaries, where such extensions of credit are secured by first mortgages on residential real estate. Kansas City Johnston County Bancshares, Inc., Tishomingo, Oklahoma — for approval to acquire Johnston County Insurance Agency, Inc., Tishomingo, Oklahoma and thereby engage in the sale of life, accident and health insurance directly related to extensions of credit made by Applicant or its subsidiaries. Kansas City N e w Mexico Banquest Corporation, Santa Fe, New Mexico — to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to t h e m ) . (6/2/86) H.2, 1986 No. 23 -17APPLICATIONS RECEIVED - Continued San Francisco BankAmerica Corporation, San Francisco, California — for approval to acquire Orbanco Real Estate Services Company, Portland, Oregon; Orbanco Securities Corporation, Portland, Oregon; American Data Services, Portland, Oregon and Mortgage Creditcorp, Portland, Oregon. San Francisco The Sanwa Bank, Limited, Osaka, Japan — for approval to acquire through its existing subsidiary, Sanwa Business Credit Corporation, Chicago, Illinois, substantially all of the assets of Division Le of Continental Illinois National Bank and Trust Company of Chicago, Chicago, Illinois, and continue to engage in commercial finance lending, and full pay-out personal property leasing throughout the United States. San Francisco Western Security Financial Corporation, Salem, Oregon, to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them) through a yet-to-be named subsidiary. (6/5/86) * * * * * Agreements Filed Pursuant to Section 8 of the Securities Exchange A c t of 1934 Received Ne w York The Monte dei Paschi di Siena has filed an agreement with the Federal Reserve Bank of N ew York (which is authorized to accept such agreements on behalf of the Board of Governors under delegated authority) undertaking to comply with all provisions which relate to the use of credit to finance transactions in securities.
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