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ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
Applications and Reports Received or Acted on
and All Other Actions of the Board
H.2
1975 No. 11

During the Week Ending March 15, 1975

District

2
8
12

10

8

Date
Current Report Filed Pursuant to Section 13
of the Securities Exchange Act
Received
The Maplewood Bank and Trust Company, Maplewood,
New Jersey (March 1974 and February 1975)

3-10-75

Manufacturers Bank & Trust Company of St. Louis,
St. Louis, Missouri

3- 7-75

Union Bank, Los Angeles, California

3-10-75

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
*The Moorcroft State Bank, Moorcroft, Wyoming

To Establish a Domestic Branch Pursuant to
Section 9 of the Federal Reserve Act
Received
The Louisville Trust Company, Louisville, Kentucky.
Branch to be established at 12206 Dixie Highway,
Louisville, Jefferson County.

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




H.2
1975 No. 11

- 2 Approved
*First Trust and Deposit Company, Syracuse, New York.
Branch to be established in the Southeast corner,
Wegman's Food Store, 4999 West Taft Road (Unincorporated
Area) Town of Clay, Onondaga County.
*The First-Mason Bank, Mason, Ohio. Branch to be established
at the 600 Block Reading Road, Mason, Waren County.
"The Loramie Banking Company, Fort Loramie, Ohio. Branch
to be established on State Route 66 near the intersection
of State Route 47 Cynthian Township, Shelby County.
(Formerly reported as being located at R.R. 1 Forst
Loramie.)
*The Union Bank and Savings Company, Bellevue, Ohio.
Branch to be established at 109 East Buckeye Street,
Clyde, Sandusky County.
*Commerce Warren County Bank, Warrenton, Missouri, Branch
to be established at Old Highway 40 & Steinhagen Road,
Warren County, Warrenton.

International Investments and Other Actions Approved
Pursuant to Sections 25 and 25(a) of the Federal
Reserve Act and Sections 4(c)9 and 4(c)13 of the
Bank Holding Company Act of 1956, as amended
1

The First National Bank of Boston, Boston, Massachusetts:
to acquire temporarily through nominee companies an
additional 25.0 per cent of Banco de Boston Dominicano,
S.A., Santo Domingo, Dominican Republic.

2

Citicorp, New York, New York: to acquire additional shares
so as to hold 51.0 per cent of I.A.C. (Holdings)
Limited, Melbourne, Australia.

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







International Investments Cont'd
Bank of America, New York, New York: to acquire additional
shares of Wobaco Holding Company S.A., Luxembourg so as
to hold up to 50.1 per cent, for Wobaco to continue to
hold the shares of Wobaco Trust (Jersey) Limited, Channel
Islands and World Banking Corporation S.A., Luxembourg,
and to acquire 100.0 per cent of Wobaco Investments Limited,
London.
Citicorp, New York, New York: to acquire 100.0 per cent of
Citicorp Canada Limited, Toronto and to continue to hold
the shares after Citicorp Canada Limited acquires 60.0
per cent of Joint Venture Leasing Company, Burlington,
Canada, which will acquire 100.0 per cent of three Canadian
leasing companies, Ontario.
Wells Fargo Bank International, New York, New York: an
additional investment in Wells Fargo Assessoria Financiera
Ltda., Sao Paulo, Brazil.
Morgan Guaranty International Finance Corporation, New York,
New York: an additional investment to maintain its 12.0
per cent interest in Societe Ivoirienne de Banque, Abidjan,
Ivory Coast.
The First National Bank of Chicago, Chicago, Illinois: an
additional investment to maintain its 20.0 per cent interest
in N.V. Slavenburg1s Bank, Rotterdam, The Netherlands.
Manufacturers-Detroit International Corporation, Detroit,
Michigan: an additional investmentin Manufacturers-Detroit
International (Canada) Limited, Toronto.
Continental International Finance Corporation, Chicago, Illino
to acquire convertible subordinated notes so as to be able
to maintain a 45.0 per cent interest in Inter-Pacific
Financial Corporation, Jakarta, Indonesia.

H. 2
1975 No. 11

- 4 International Investments and Other Actions Denied
Pursuant to Sections 25 and 25(a) of the Federal
Reserve Act and Sections 4(c)9 and 4(c)13 of the
Bank Holding Company Act of 1956, as amended

2




First National City Overseas Investment Corporation,
New York, New York: to continue to hold 50.0 per
cent of Arnotts First City Permanent Building Society,
Melbourne, after Arnotts acquires 100.0 per cent of
Western Pacific Permanent Building Society, Melbourne,
Australia.
-k

*k

-k *

"k




To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Received
Community Bancshares Corporation, Woodbury, New Jersey,
for approval to acquire 100 per cent of the voting
shares (less directors1 qualifying shares) of the
successor by merger to National Bank and Trust Company
of Gloucester County, Woodbury, New Jersey.
Peoples State Holding Company, Westhope, North Dakota,
for approval to acquire 95.94 per cent of the voting
shares of Peoples State Bank, Westhope, North Dakota.
Atchison County Investment Company, Rock Port, Missouri,
for approval to acquire 80 per cent or more of the
voting shares of The Bank of Atchison County, Rock Port,
Missouri.
Beatrice National Corporation, Beatrice, Nebraska, for
approval to acquire 80 per cent or more of the voting
shares of The Beatrice National Bank and Trust Company,
Beatrice, Nebraska.
Pfister, Inc., Clifton, Kansas, for approval to acquire
92.4 per cent of the voting shares of The First National
Bank of Clifton, Clifton, Kansas.
Fort Sam Houston Bankshares, Incorporated, San Antonio,
Texas, for approval to acquire 100 per cent of the
voting shares (less directors' qualifying shares) of The
National Bank of Fort Sam Houston at San Antonio, San
Antonio, Texas.
Approved
B.O.C. Corporation, Sheridan, Wyoming, for approval to
acquire 86.66 per cent or more of the voting shares of
Bank of Commerce, Sheridan, Wyoming.
Chetopa State Bancshares, Inc., Coffeyville, Kansas,
for approval to acquire 96 per cent of the voting shares
of Chetopa State Bank & Trust Co., Chetopa, Kansas,
Chetopa, Kansas.
F&M Bancorporation, Tulsa, Oklahoma, for approval to
acquire 100 per cent (less directors' qualifying shares)
of the voting shares of The F&M Bank and Trust Company,
Tulsa, Oklahoma.

Approved Continued
Stapleton Investment Co., Stapleton, Nebraska, for
approval to acquire 98 per cent of the voting shares of
Bank of Stapleton, Stapleton, Nebraska.
*

*

*

*

*

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Received
First Financial Group of New Hampshire, Inc., Manchester,
New Hampshire, for approval to acquire 100 per cent of
the voting shares of Colonial Trust Company, Nashua, New
Hampshire.
United Banks of Colorado, Inc., Denver, Colorado, for
approval to acquire 80 per cent or more of the voting
shares of The First National Bank in CoIden, Golden,
Colorado.
Approved
New England Merchants Company, Inc., Boston,
for approval to acquire 100 per cent (less
qualifying shares) of the voting shares of
by merger to The Fall River National Bank,
Massachusetts.

Massachusetts,
directors'
the successor
Fall River,

Security Bancorp, Inc., Southgate, Michigan, for approval
to acquire 100 per cent of the voting shares of Security
Bank of Novi, Novi, Michigan, a proposed new bank.
First Tennessee National Corporation, Memphis, Tennessee,
for approval to acquire 100 per cent of the voting
shares of the successor by merger to Pioneer Bank,
Chattanooga, Tennessee.
Mercantile Bancorporation Inc., St. Louis, Missouri,
for approval to acquire at least 90 per cent of the
voting shares (plus directors' qualifying shares) of
United Bank of Macon, Macon, Missouri.




H.2
1975 No. 11

7 To Expand a Bank Holding Company Pursuant: to Section
4(c)(8) of the Bank Holding Company Actof 1956
Received
**Industrial National Corporation, Providence, Rhode Island,
notification of intent to engage in de novo activities
(origination and sale of commercial mortgages) in
Beverly Hills, California, through a subsidiary, Mortgage Associates, Inc.

3-12-75

Chemical New York Corporation, New York, New York,
for approval to acquire the shares of Sunamerica Corporation, Cleveland, Ohio.
**Citicorp, New York, New York, notification of intent to
engage in de novo activities (the incorporation and
ownership of a single purpose corporation under the name
of Mission Park Corporation who will engage in the
construction, ownership, and operation of a low and
middle income housing project and related facilities in
the Roxbury section of Boston purusant to State and
local programs designed to stimulate and support such
community development; Mission Park Corporation activities will be restricted to the project described above)
at 70 Federal Street, Boston, Massachusetts, through its
subsidiary, Citicorp Community Development Corporation.

3-11-75

**C-iticorp, New York, New York, notification of intent to
engage in de novo activities (operating as a thrift
company (Morris Plan), issuing thrift certificates and
thrift passbook certificates; offering to sell life
insurance equal to the difference between the maturity
value of a deposit plan or periodic deposits over a
specified term and the balance at the time of the
depositor1s death; if this proposal is effected, the
establishment will also be known as Citicorp Person-toPerson Financial Center of Utah) at 2186 Highland Drive,
Salt Lake City, Utah, through a subsidiary of Nationwide
Financial Services Corporation, known as Citicorp Person-to-Person Financial Center.

3-14-75

**Fidelity Union Bancorporation, Newark, New Jersey,
notification of intent to engage in de_ novo activities
(making loans in the present maxium amount of $1,000 or
less under the provisions of the New Jersey Small Loan
Law and making loans secured by second mortgages on

3-12-75

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




H.2
1975 No. 11
Received Continued
residential real estate (up to 4-family occupany) owned
by the borrowers under the New Jersey Secondary Mortgage
Loan Act; and making available to the customers credit
life insurance and disability insurance covering the
unpaid balance of loans outstanding) at 8 Highway 36,
Atlantic Highlands, New Jersey, through its subsidiary,
Suburban Finance Company.
2

Valley View Bancshares, Inc., Overland Park, Kansas,
for approval to engage indirectly in the sale of creditrelated insurance by indirectly acquiring voting shares
of the insurance agency business of Industrial Bank,
Kansas City, Kansas.

7

**Hawkeye Bancorporation, Des Moines, Iowa, notification of
intent to engage in cie novo activities (acting as insurance agent or broker with respect to: all insurance
for Hawkeye Bancorporation and its subsidiaries; any
insurance to protect assets financed by Hawkeye Bancorporation or its subsidiaries ("lenders") and other insurance calculated to protect such lenders' ability to
obtain repayment of loans including: (a) fire and extended coverage insurance, (b) liability insurance, (c)
homeowner's insurance, (d) performance bonds connected
with construction loans, (e) boiler and machinery
insurance, (f) theft insurance, (g) collision and comprehensive insurance, (h) surety bonds, and (i) marine
property insurance; any insurance the purpose of which
is to provide loan or repayment funds in the event of
loss of income or other liability to repay debt including: credit life and credit accident and health insurance; convenience insurance) in Boone, Iowa, through
a subsidiary, Hawkeye Insurance Services, Inc.

10

7

Pfister, Inc., Clifton, Kansas, for approval to retain the
general insurance agency business heretofore conducted
by Frank C. Pfister and Philip W. Pfister in Clifton,
Kansas.
Approved
Walter E. Heller International Corporation, Chicago,
Illinois, for approval to acquire all of the voting
shares of Lakeshore Commercial Finance Corporation,
Milwaukee, Wisconsin.

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




3-.12-75

H. 2
1975 No. 11

9 -

Approved Continued
MorAmerica Financial Corporation, Cedar Rapids, Iowa,
for approval to acquire the assets and retain certain
insurance activities of Bezanson Investments, Inc.,
Cedar Rapids, Iowa.
8

First Tennessee National Corporation, Memphis, Tennessee,
for approval to engage de novo in certain additional
insurance activities through its subsidiary, Crown
Finance Company, St. Louis County, Missouri.

8

First Tennessee National Corporation, Memphis, Tennessee,
for approval to acquire 100 per cent of the voting
shares of Valley Company, Chattanooga, Tennessee.

10

Chetopa State Bancshares, Inc., Coffeyville, Kansas,
for approval to engage in the sale of general lines of
insurance in Chetopa, Kansas, through the acquisition of
the assets of Fox Insurance Agency.

10

F&M Bancorporation, Tulsa, Oklahoma, for permission to
acquire 100 per cent of the beneficial ownership of the
voting shares of Famisco, Inc., and its wholly-owned
subsidiary, Inland Life Insurance Company, both located
in Tulsa, Oklahoma.

10

Stapleton Investment Co., Stapleton, Nebraska, for approval to acquire Burnham Insurance Agency, Stapleton,
Nebraska.

12

BankAmerica Corporation, San Francisco, California, for
permission to engage de novo in the activity of acting
as agent in the sale of credit-related mortgage redemption insurance and mortgage disability insurance through
a subsidiary, BA Insurance Agency, Inc.

6

Delayed
**Ancorp Bancshares, Chattanooga, Tennessee, notification of
intent to engage in de novo activities (making and acquiring, for its own account or for the account of
others, loans and other extensions of credit such as
would be made by a finance company; and acting as insurance agent or broker with respect to any insurance
that is directly related to loans and other extensions
of credit by Ancorp Finance Company and is directly
related to the providing of other financial services by
Ancorp Finance Company) in Chattanooga, Tennessee,
through a subsidiary, Ancorp Finance Company.

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



3-11-75

H.2
1975 No. 11

1

-

10

Permitted
**First National Boston Corporation, Boston, Massachusetts, notification of intent to engage in de novo
activities (making, acquiring, and servicing for its own
account, loans and other extensions of credit including
loans to individuals for property improvement, debt
consolidation and other purposes) in Alabama and elsewhere in southeastern United States and at 920 Franklin
Street, S.W., Suite B, Huntsville, Alabama, through a
subsidiary, CAR Acceptance Corporation.

3-14-7 5

1

**Northeast Bankshare Association, Lewiston, Maine, notification of intent to engage in de novo activities
(acting as investment or financial adviser to individuals , trusts, business and banking or thrift institutions, government and private pension funds, and
others, to the extent of (a) providing portfolio investment advice, and (b) furnishing information concerning national and local economic trends and conditions, general economic investment advice, general
economic statistical forecasting services and industry
studies) at 95 Park Street, Lewiston, Maine, through a
subsidiary, Northeast Investment Management & Research
Corp.

3-13-75

3

^Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to engage in de novo
activities (making of installment loans for personal,
family, or household purposes, the purchasing of sales
finance contracts executed in connection with the sale
of personal, family, or household goods or services, the
selling of and writing of reinsurance with respect to
credit life insurance and credit disability insurance
sold in connection with certain personal installment
loans made and sales finance contracts purchased; the
selling of insurance protecting the collateral securing
the extensions of credit and generally engaging in the
business of a consumer finance company) at Store Rooms
11 and 12, Washington Plaza, 255 Murtland Avenue, Washington, Pennsylvania, through a subsidiary, Signal
Consumer Discount Company.

3-10-75

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




H. 2
1975 No. 11

6

-

1 1 -

Permltted Continued
**Southern Bancorporation, Birmingham, Alabama, notification of intent to engage in de novo activities (to
perform or carry on any one or more of the functions or
activities of a fiduciary, agency, or custodian nature,
in the manner authorized by Federal or State law, so
long as the institution does not make loans or investments or accept deposits other than (i) deposits that
are generated from trust funds not currently invested
and are properly secured to the extent required by law,
or (ii) deposits representing funds received for a
special use in the capacity of managing agent or custodian for an owner of, or investor in, real property,
or for such owner or investor as agent or custodian of
funds held for investment or escrow agent, or for an
issurer of, or broker or dealer in securities, in a
capacity such as paying agent, dividend disbursing
agent, or securities clearing agent, not employed by or
for the account of the customer in the manner of a
general purpose checking account or bearing interest, or
(iii) making of call loans to securities dealers or
purchase of money market instruments such as certificates of deposit, commercial paper, government or
municipal securities, and bankers acceptances (such
authorized loans and investments, however, may not be
used as a method of channeling funds to nonbanking
affiliates of the trust company); to act as investment
or financial adviser to the extent of serving as the
advisory company for a mortgage or real estate investment trust; serving as investment adviser as defined in
Section 2(a)(20) of the Investment Company Act of 1940,
to an investment company registered under that Act;
providing portfolio investment advice to any other
person; furnishing general economic information and
advice, general economic statistical forecasting services and industry studies; and providing financial
advice to State and local governments, such as with
respect to the issuance of their securities; and to
engage in such incidental activities as are necessary to
carry on the activities so specified; furthermore,
Southern Financial Advisors, Inc., proposes to retain
discretionary authority to make any of the following
determinations without obtaining the consent of the
investment advisory client before the transaction is
effected: where securities are to be bought or sold,
which securities are to be bought or sold, and the total
amount of the securities to be bought or sold) at 201
Office Park Drive, Birmingham, Alabama, through a subsidiary, Southern Financial Adivsors, Inc.,

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




H. 2
1975 No. 11

8

12

2

1

7

- 1 2 -

Permitted Continued
**First Union, Incorporated, St. Louis, Missouri, notificaton of intent to engage in de novo activities
(underwriting, as reinsurer, credit life and credit
health and accident insurance which is directly related
to extensions of credit by Union Finance Company and its
subsidiary) at Suite 3300, Valley Center, Phoenix,
Arizona, through a subsidiary, Preferred Life Insurance
Company, and will involve insurance written in connection with extensions of credit made at the offices of
Union Finance Company or its wholly-owned subsidiaries
in the following locations: 401 Truman Road, Kansas
City; 11612 Hickman Mills Drive, Hickman Mills; 9411
East 63rd, Raytown; 120 South Liberty, Independence;
1802 Swift, North Kansas City; 845 Boonville, Springfield; and 7837-B Wornall Road, Kansas City, Missouri.
**BankAmerica Corporation, San Francisco, California, notification of intent to relocate the LaGrange, Georgia,
branch of its indirect subsidiary, FinanceAmerica Corporation of Georgia, which engages in (making of consumer
installment loans and purchasing installment sales
finance contracts, and making of loans to small businesses; acting as agent or broker, for the sale of
credit related life, accident and disability insurance,
and credit related property and casualty insurance in
connection with extensions of credit by FinanceAmerica
Corporation of Goergia) from 107-1/2 Greenville Street
to LaGrange Plaza, Store No. ?0' .
Returned
''^Manufacturers Hanover Corporation, New York, New York, notification of intent to engage in de novo activities
(leasing real property on a full payout basis or acting
as agent, broker, or adviser in leasing such property;
and making or acquiring, for its own account or for the
account of others, loans and other extensions of credit
with respect to real property; and servicing such loans
or other extensions of credit) in Hato Rey, Puerto Rico,
through its subsidiary, Manufacturers Hanover Leasing
Corporation.
Withdrawn
First Financial Group of New Hampshire, Manchester, New
Hampshire, for approval to acquire Pacific Industrial
Bank, Brunswick, Maine, and Lincoln Industrial Bank,
Skowhegan, Maine.
Merchants National Corporation, Indianapolis, Indiana, for
approval to acquire KMS Mortgage & Investment Company,
Columbus, Ohio.

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



3-10-75

3-10-75

3-11-75

H

-2

n

1975 No. 11

6

- 13 To Expand a Bank Holding Company Pursuant to Section
4(c)(12) of the Bank Holding Company Act of 1956
Permitted
**Phoenix, Inc., Atlanta, Georgia, notification of intent
to merge with Southeastern Capital Corporation.

3- 9-75

10

**Helmerich & Payne, Inc., Tulsa, Oklahoma, notification
of intent to acquire indirectly in excess of 5 per cent
of the voting shares of Allstates Capital Corporation,
Tulsa, Oklahoma.

3-13-75

10

**Helmerich & Payne, Inc., Tulsa, Oklahoma, notification
of intent to acquire in excess of 5 per cent of the
voting shares of Eason Oil Company, Tulsa, Oklahoma.

3-13-75

*

* * * *

Other Actions of the Board
Statement by Arthur F. Burns, Chairman, Board of Governors
of the Federal Reserve System before the Senate Committee on the Budget.
Castalia Banking Company, Castalia, Ohio, to make in investment in bank premises.
Florida Northside Bank of Jacksonville, Jacksonville,
Florida, to make an investment in bank premises.
Fort Worth National Bank, Fort Worth, Texas, request for
an extension of time beyond February 13, 1975, within
which to divest itself of 720 shares of Bank of Fort
Worth and 150 shares of Riverside State Bank.
Reports on bills, S. 245, a bill to impose a mortorium on
the offsite deployment by financial institutions of
automated teller machines and related funds transfer
devices, letter of response to request for Board's comments sent to Honorable William Proxmire, Chairman,
Senate Committee on Banking, Housing and Urban Affairs.
**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2
1975 No. 11

14 -

Continued
Farmers State Bank, Larsen, Wisconsin, proposed consolidation with Bank of Menasha, Menasha, Wisconsin;
report to the Federal Deposit Insurance Corporation on
competitive factors.
New Brunswick Trust Company, New Brunswick, New Jersey,
proposed merger with Bank of Manalapan, Manalapan Township, New Jersey; report to the Federal Deposit Insurance Corporation on competitive factors.
***Bankers Trust New York Corporation, New York, New York,
request for an extension of time within which to acquire
California Bankers Trust Company, Los Angeles, California.
***First Mississippi National Corporation, Hattiesburg, Mississippi, extension of time until June 1, 1975, within
which to become a bank holding company through the acquisition of First Mississippi National Bank, Hattiesburg,
Mississippi.
***First Financial Corporation, Tampa, Florida, extension of
time until June 19, 1975, within which to acquire shares
of First Bank of Marco Island, Marco Island, Florida.
***Sun Banks of Florida, Inc., Orlando, Florida, extension of
time until July 1, 1975, within which to acquire and open
the Bank of Lake Buena Vista, Lake Buena Vista, Florida.
***Southeast Banking Corporation, Miami, Florida, extension of
time until June 25, 1975, within which to acquire and open
Southeast National Bank of Sweetwater, Sweetwater, Florida.
***First Western Corporation, Casper, Wyoming, extension of time
from April 3, 1975, to July 3, 1975, within which to become
a bank holding company through the acquisition of the successor by merger to Western National Bank of Casper.
***Cape Ann Bank and Trust Company, Gloucester, Massachusetts,
to make an investment in bank premises.
***Bank of Belle Fourche, Belle Fourche, South Dakota, to make
an investment in bank premises.
***Processed on behalf of the Board of Governors under delegated authority.




H. 2
1975 No. 11

15
Continued
***Farmers Savings Bank, Stoney Ridge, Ohio, extension of
time until September 21, 1975, within which to establish
its branch at the corner of Oregon and State Route 795,
Lake Township, Ohio.
***Provident Bank, Cincinnati, Ohio, extension of time until
September 15, 1975, within which to establish its branch
at the corner of Colerain Avenue and Banning Road,
C-olerain Township, Ohio.
***Union Commerce Bank, Cleveland, Ohio, extension of time
until October 16, 1975, within which to establish its
branch at 15620 Lake Shore Boulevard, Cleveland, Ohio.
***Southern Bank and Trust Company, Richmond, Virginia, extension of time within which to establish a branch at
4701 Williamsburg Road, Henrico County, Virginia.
***First National City Overseas Investment Corporation, New
York, New York, extension of time within which to acquire
shares of Companhia de Turismo, Promocoes e Administracao,
Rio de Janeiro, Brazil.
***Morgan Guaranty International Finance Corporation, New York,
New York, extension of time within which to acquire shares
of Bank Almashrek, S A L .

***Processed on behalf of the Board of Governors under delegated authority.