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ANNOUNCEMENTS BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( H . 2 , 1981 No. 13) A c t i o n s of t h e Board; A p p l i c a t i o n s and Reports Received During t h e Week Ending March 28, APPLICABLE RESERVE BANK 1981 ACTIONS OF THE BOARD Statement by Chairman Paul A. Volcker b e f o r e t h e House Budget Committee r e g a r d i n g i n t e r r e l a t i o n s h i p s of b u d g e t a r y and monetary p o l i c y . Adoption of a complete r e v i s i o n of R e g u l a t i o n Z t h a t implements t h e Truth i n Lending S i m p l i f i c a t i o n and Reform Act (Docket No. R - 0 2 8 8 ) . The Board approved a fee s c h e d u l e for i t s commercial check c l e a r i n g and c o l l e c t i o n s e r v i c e s , e f f e c t i v e August 1, 1981 (Docket No. R - 0 3 2 4 ) . L e t t e r to the Commodity F u t u r e s Trading Commission commenting on the a p p l i c a t i o n s submitted by t h e Chicago Board of Trade and the I n t e r n a t i o n a l Monetary Market of t h e Chicago M e r c a n t i l e Exchange to add new d e l i v e r y months to e x i s t i n g f u t u r e s c o n t r a c t s . Dal l a s I s s u a n c e of a s u b o r d i n a t e d c a p i t a l debenture by Corpus C h r i s t i Bank & T r u s t , Corpus C h r i s t i , T e x a s . Temporary new q u a r t e r l y s u r v e y s of s e l e c t e d t r a n s a c t i o n a c c o u n t s ; forms s e n t to a l l Federal Reserve Banks. Atlanta F i r s t C i t y Bancorp, I n c . , M a r i e t t a , G e o r g i a , e x t e n s i o n of time to J u l y 7, 1981, w i t h i n which to become a bank h o l d i n g company by a c q u i r i n g t h e F i r s t N a t i o n a l Bank o f Cobb County, M a r i e t t a , G e o r g i a . JJ Atlanta F i r s t Englewood Bank C o r p . , Englewood, F l o r i d a , e x t e n s i o n of time to June 27, 1981 , w i t h i n which to become a bank h o l d i n g company through t h e a c q u i s i t i o n of Englewood Bank & T r u s t , Englewood, F l o r i d a . 1/ \j 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 Governors under d e l e g a t e d authority. H.2, 1981 No. 13 - 2 - ACTIONS OF THE BOARD-Cont iriued Atlanta Mid-South B a n c o r p o r a t i o n , I n c . , M u r f r e e s b o r o , T e n n e s s e e , e x t e n s i o n of time t o June 15, 1981, w i t h i n which to become a bank h o l d i n g company through the a c q u i s i t i o n o f Murfreesboro Bank and Trust Company, M u r f r e e s b o r o , T e n n e s s e e . jL/ Kansas C i t y Mountain Banks, L t d . , D e n v e r , C o l o r a d o , e x t e n s i o n of time t o J u l y 2 1 , 1981, w i t h i n which to consummate t h e a c q u i s i t i o n of L o u i s v i l l e Mountain Bank, N . A . , L o u i s v i l l e , Colorado. \J Dallas Orange B a n c s h a r e s , I n c . , Orange, Te x a s, e x t e n s i o n of time t o J u l y 1, 1981, w i t h i n which to consummate t h e I/ a c q u i s i t i o n of Orange Bank, Orange, T e x a s . Dallas Republic of Texas C o r p o r a t i o n , D a l l a s , T e x a s , e x t e n s i o n s of time to J u l y 8, 1981, w i t h i n which ( 1 ) to consummate t h e a c q u i s i t i o n of Houston N a t i o n a l Bank West, Houston, Texas, a proposed new bank; and ( 2 ) to consummate the a c q u i s i t i o n of Houston N a t i o n a l Bank-Kingwood, Kingwood, T e x a s , a proposed new bank. 1/ Atlanta F i r s t G e o r g i a Bank, A t l a n t a , G e o r g i a , i n v e s t m e n t i n bank p r e m i s e s . JJ Cleveland Ohio Bank and Savings Company, Find l a y , O h i o , p e r m i s s i o n to e x e r c i s e f i d u c i a r y powers. jl/ Atlanta Southwest Georgia F i n a n c i a l C o r p o r a t i o n , M o u l t r i e , G e o r g i a , e x t e n s i o n of time t o J u l y 13, 1981, w i t h i n which to become a bank h o l d i n g company through the a c q u i s i t i o n o f M o u l t r i e N a t i o n a l Bank, M o u l t r i e , G e o r g i a . ll San Francisco A u s t r a l i a and New Zealand Banking Group L i m i t e d , A u s t r a l i a , a p p l i c a t i o n on b e h a l f of i t s proposed branch i n Chicago, t o e n t e r i n t o an agreement w i t h the Federal Reserve System to r e c e i v e o n l y such d e p o s i t s as would be p e r m i s s i b l e under s e c t i o n 5 ( b ) o f the I n t e r n a t i o n a l Banking A c t . J L / San Francisco United C a l i f o r n i a Bank I n t e r n a t i o n a l , New York, New York, e x t e n s i o n of time t o March 26, 1981, w i t h i n which to e s t a b l i s h branch in C h i c a g o , I l l i n o i s . 1/ Ij 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. the Board of Governors under d e l e g a t e d l H.2, 1981 No. 13 3 ACTIONS OF THE BOARD-Continued New York City and County S a v i n g s Bank, Albany, New York, proposed merger with Home S a v i n g s Bank of U p s t a t e New York, Albany, New York; r e p o r t to the Federal D e p o s i t I n surance 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/ Dal l a s Commercial N a t i o n a l Bank of B e e v i l l e , B e e v i l l e , Te x a s, proposed merger w i t h Commercial Bank o f B e e v i l l e , Beev i l l e , T e x a s ; r e p o r t to the C o m p t r o l l e r of the Currency on c o m p e t i t i v e f a c t o r s . 1/ New York Dime S a v i n g s Bank o f New York, Brooklyn, New York, p r o p o s a l to merge with Union S a v i n g s Bank of New York, Hamaroneck, New York; r e p o r t to the Federal 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 The F i r s t N a t i o n a l Bank i n L i t t l e Rock, L i t t l e Rock, Arkansas, proposed merger w i t h F i r s t N a t i o n a l Bank i n L i t t l e Rock, L i t t l e Rock, Arkansas; r e p o r t to the Comptroller of t h e Currency on c o m p e t i t i v e f a c t o r s . l_/ Dallas F i r s t S t a t e Bank o f M a t h i s , Mathis, Te x a s, proposed merger with New F i r s t S t a t e Bank o f Mathis, M a t h i s , Texas; r e p o r t to the Federal D e p o s i t Insurance Corp 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/ Richmond N a t i o n a l Bank o f F a i r f a x , F a i r f a x , V i r g i n i a , proposed merger w i t h F i r s t & Merchants N a t i o n a l Bank, Richmond, V i r g i n i a ; r e p o r t to the C o m p t r o l l e r of the Currency on competitive factors. 1/ \j 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. the Board of Governors under d e l e g a t e d H. 2 , 1981 No. 13 4 ACTIONS OF THE BOARD-Cont inued To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 o f the F e d e r a l Reserve Act New York Approved The Bank of New York, New York, New York. Branch to be e s t a b l i s h e d at 800 Route 17 M, Monroe, Orange County, New York. 1/ Cleveland The C i t i z e n s Bank o f Mt. Blanchard, Mt. Blanchard, Ohio. Branch to be e s t a b l i s h e d a t 112 East L i b e r t y S t r e e t , A r l i n g t o n , Hancock County, Ohio. \J Richmond F i r s t V i r g i n i a Bank, F a l l s Church, V i r g i n i a . Branch t o be e s t a b l i s h e d a t 7395 Lee Highway, Echo H i l l s Shopping C e n t e r , F a i r f a x County, V i r g i n i a . 1/ Atlanta The Home Bank of G u n t e r s v i l l e , G u n t e r s v i l l e , Alabama. To e s t a b l i s h a branch a t S o l i t u d e Community - 1 . 7 m i l e s s o u t h e a s t of G u n t e r s v i l l e C i t y l i m i t s on U.S. Highway 4 3 1 , G u n t e r s v i l l e , Alabama. J L / San Francisco V a l l e y Bank of Nevada, Las Vegas, Nevada. Branch to be e s t a b l i s h e d 12 m i l e s south of Lathrop W e l l s , Nevada on Highway 29, Las Vegas, Nevada. 1/ * * * * * I s s u e d I n t e n t Not to Disapprove Change i n Control Pursuant t o Change i n Bank Control Act o f 1978 Kansas C i t y 1/ Not Disapproved Comanche B a n c s h a r e s , I n c . , Coldwater, Kansas. 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 Governors under d e l e g a t e d authority. I I H . 2 , 1981 No. 13 - 5 ACTIONS OF THE BOARD-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 Pursuant to S e c t i o n s 25 and 2 5 ( a ) o f the Fede r a l Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company Act of 1956, as amended New York C i t i b a n k Overseas Investment C o r p o r a t i o n , Wilmington, Delaware: g r a n t s c o n s e n t f o r i t s i n d i r e c t s u b s i d i a r y , Surrey I n s u r a n c e Company, Sydney, A u s t r a l i a , to engage i n the u n d e r w r i t i n g of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e i n A u s t r a l i a , regard l e s s of whether such i n s u r a n c e i s d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t by COIC and i t s a f f i l i a t e s . New York JCT Trust Company L i m i t e d , Otzar H i t y a s h v u t h Hayehudim B.M. and Bank Leumi l e - I s r a e l B.M., a l l of Tel A v i v , I s r a e l : f o r approval to engage t e m p o r a r i l y through t h e i r s u b s i d i a r y , Leumi S e c u r i t i e s C o r p o r a t i o n , New York, New York, i n c e r t a i n s e c u r i t i e s - r e l a t e d a c t i v i t i e s . New York San Francisco Denied Bankers I n t e r n a t i o n a l C o r p o r a t i o n , New York, New York: f o r a d e t e r m i n a t i o n under s e c t i o n 2 1 1 . 5 ( d ) whether BT A u s t r a l i a L i m i t e d , Sydney, A u s t r a l i a , may engage in t h e t r a d i n g of p h y s i c a l commodities f u t u r e s on the Sydney F u t u r e s Exchange, Sydney, A u s t r a l i a . S i x t y Day N o t i f i c a t i o n P e r i o d Allowed t o Expire Bank o f America NT & SA, San F r a n c i s c o , C a l i f o r n i a : t o make an a d d i t i o n a l i n v e s t m e n t in i t s i n d i r e c t s u b s i d i a r y , BankAmerica Finance L i m i t e d , R e a d i n g , England. * * * * * To O r g a n i z e , or I n v e s t i n , a C o r p o r a t i o n Doing F o r e i g n Banking and Other F o r e i g n F i n a n c i n g Pursuant t o S e c t i o n 25 or 2 5 ( a ) of the F e d e r a l Reserve Act Cleveland Approved Mellon Bank, N . A . , P i t t s b u r g h , P e n n s y v l a n i a : grants perm i s s i o n to e s t a b l i s h an Edge C o r p o r a t i o n in Miami, F l o r i d a , to be known a s Mellon I n t e r n a t i o n a l Company and merge M e l l o n I n t e r n a t i o n a l Finance C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , i n t o Mellon I n t e r n a t i o n a l Company. H. 2 , 1981 No. 13 ACTIONS OF THE BOARD-Continued To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) o f t h e Bank Holding Company Act of 1956 Minneapolis Chicago Returned Verona Bancorporat i o n , I n c . , Plymouth, M i n n e s o t a , for approval to a c q u i r e at l e a s t 8 6 . 4 p e r c e n t of the v o t i n g s h a r e s of Verona Exchange Bank, Verona, I l l i n o i s . Approved Osage Bank S e r v i c e s , I n c . , Osage, Iowa, for approval t o a c q u i r e at l e a s t 6 4 . 6 p e r c e n t of the v o t i n g s h a r e s of Osage Farmer N a t i o n a l Bank, Osage, Iowa. _1/ St. Louis Commonwealth B a n c s h a r e s , I n c . , S h e l b y v i l l e , Kentucky, f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of Shelby County T r u s t Bank, S h e l b y v i l l e , Kentucky. 1/ S t . Louis F i r s t Bank Holding Company o f B a t e s v i l l e , B a t e s v i l l e , Arkansas, f o r approval to a c q u i r e 80 p e r c e n t or more of t h e v o t i n g s h a r e s o f F i r s t N a t i o n a l Bank, B a t e s v i l l e , Arkansas. Minneapolis Beards l e y B a n c s h a r e s , I n c . , Beards l e y , Minnesota, f o r approval to a c q u i r e 8 0 . 1 percent of t h e v o t i n g s h a r e s of S e c u r i t y S t a t e Bank of Beards l e y , Beards l e y , Minnesota. 1/ Minneapolis J & L BANCORPORATION, INC., G l e n d i v e , Montana, f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s o f F i r s t S e c u r i t y Bank o f G l e n d i v e , G l e n d i v e , Montana. 1/ Kansas C i t y C e n t i n e l Bank S h a r e s , I n c . , T a o s , New Mexico, for approval to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of Cent i n e l Bank of T a o s , T a o s , New Mexico. 1/ Kansas C i t y Chisholm T r a i l F i n a n c i a l C o r p . , W i c h i t a , Kansas, f o r approval to a c q u i r e at l e a s t 8 7 . 3 percent of t h e v o t i n g s h a r e s of Chisholm T r a i l S t a t e Bank, W i c h i t a , Kansas. \J Kansas C i t y F i r s t C i t y Holding C o r p o r a t i o n , Oklahoma C i t y , Oklahoma, f o r approval t o a c q u i r e 80 p e r c e n t of the v o t i n g s h a r e s of C i t y N a t i o n a l Bank and Trust Company, Oklahoma C i t y , Oklahoma. 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 Board of Governors under d e l e g a t e d authori t y . H. 2, 1981 No. 13 7 ~ ACTIONS OF THE BOARD-Continued Kansas C i t y Mid-Nebraska B a n c s h a r e s , I n c . , Ord, Nebraska, f o r approval to a c q u i r e 100 percent o f v o t i n g s h a r e s of Nebraska S t a t e Bank, Ord, Nebraska. Kansas C i t y Pawnee B a n c s h a r e s , I n c . , Pawnee, Oklahoma, for approval to a c q u i r e 80 p e r c e n t of the v o t i n g s h a r e s of The Pawnee N a t i o n a l Bank, Pawnee, Oklahoma. 1/ Dallas Correction The a p p l i c a t i o n f o r M a d i l l B a n c s h a r e s , I n c . i n M a d i l l , Nebraska, for approval to a c q u i r e 80 percent ( 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 ) o f the v o t i n g s h a r e s of The M a d i l l Bank and Trust Company, M a d i l l , Oklahoma which appeared on H.2 No. 11 was i n c o r r e c t . The c o r r e c t c i t y & s t a t e of the h o l d i n g company should have been M a d i l l , Oklahoma. San Francisco C a l i f o r n i a P a c i f i c C o r p o r a t i o n , Bakers f i e l d , 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 the v o t i n g s h a r e s of the s u c c e s s o r by merger to American N a t i o n a l Bank, Bakers f i e l d , C a l i f o r n i a . If San Franci s c o G.W.B. Holding Company, N . V . , Curacao, N e t h e r l a n d s A n t i l l e s , G.W.B. Company, B . V . , Rotterdam, The N e t h e r l a n d s and GWB Holding Company, Dover, Delaware, for approval to 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 ' q u a l i f y i n g s h a r e s ) of the v o t i n g s h a r e s of Great Western Bank & T r u s t , P h o e n i x , Arizona. San F r a n c i sco C i t i z e n s Bank Purchase Company, Eugene, Oregon, f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s o f C i t i z e n s Bank o f Oregon, Eugene, Oregon. 1/ Kansas C i t y \J Denied Emerson F i r s t N a t i o n a l Company, Emerson, Nebraska, for approval t o a c q u i r e 95 p e r c e n t of the 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 Emerson, Emerson, Nebraska. 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 Governors under d e l e g a t e d authority. H.2, 1981 No. 13 — 8 — ACTIONS OF THE BOARD-Continued To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) o f the Bank Holding Company Act o f 1956 Chicago Approved Old Kent F i n a n c i a l C o r p o r a t i o n , Grand Rapids, M i c h i g a n , f o r approval t o a c q u i r e 100 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 c o n s o l i d a t i o n t o Gaylord S t a t e Bank, Gay l o r d , Michigan. V Dallas F i r s t International Bancshares, I n c . , D a l l a s , Texas, for approval t o a c q u i r e at l e a s t 100 p e r c e n t of the v o t i n g s h a r e s of Lake A i r N a t i o n a l Bank o f Waco, Waco, Texas. 1/ Dallas Southwest B a n c s h a r e s , I n c . , Houston, Texas, f o r approval to a c q u i r e a t l e a s t 100 percent 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 to American N a t i o n a l Bank o f Garland, Garland, T e x a s . J7 San Francisco Commercial S e c u r i t y B a n c o r p o r a t i o n , Ogden, Utah, f o r approval to a c q u i r e a t l e a s t 5 0 . 2 percent of t h e v o t i n g s h a r e s of Bear River S t a t e Bank, Tremonton, Utah. 1/ San Francisco Pacwest Bancorp, M i l w a u k i e , Oregon, for approval to a c q u i r e a w h o l l y owned i n t e r i m s u b s i d i a r y , C i t i z e n s Bank Purchase Company, Eugene , Oregon. JL/ Kansas C i t y Denied A r c a d i a Agency Company, A r c a d i a , Nebraska, for a c q u i r e 2 4 . 9 p e r c e n t of the v o t i n g s h a r e s of N a t i o n a l Company, Emerson, Nebraska d i r e c t l y 95 p e r c e n t of the v o t i n g s h a r e s of The F i r s t of Emerson, Emerson, Nebraska. approval t o Emerson F i r s t and i n d i r e c t l y N a t i o n a l Bank Kansas C i t y Decatur Agency Company, D e c a t u r , Nebraska, f o r approval t o a c q u i r e 2 4 . 9 percent of t h e v o t i n g s h a r e s o f Emerson F i r s t N a t i o n a l Company, Emerson, Nebraska and i n d i r e c t l y The F i r s t N a t i o n a l Bank of Emerson, Emerson, Nebraska. Kansas C i t y Tekamah Agency Company, Tekamah, Nebraska, f o r approval to a c q u i r e 2 4 . 9 percent of t h e v o t i n g s h a r e s o f Emerson F i r s t N a t i o n a l Company, Emerson, Nebraska and i n d i r e c t l y 95 percent 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 o f Emerson, Emerson, Nebraska. V 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. the Board of Governors under d e l e g a t e d H . 2 , 1981 No. 13 - 9 ACTIONS OF THE BOARD-Continued To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) o f t h e Bank Holding Company Act o f 1956 Chicago San Francisco Kansas C i t y S t . Louis 3/ Withdrawn N a t i o n a l D e t r o i t C o r p o r a t i o n , D e t r o i t , Michigan, for approval t o a c q u i r e A u t o - D r a f t Forwarding Company, Highland Park, Michigan. Returned S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making or a c q u i r i n g , for i t s own account or for t h e account of o t h e r s , commercial loans and o t h e r e x t e n s i o n s of c r e d i t ) a t 14 Wall S t r e e t , New York, New York; 333 South Hope S t r e e t , Los A n g e l e s , C a l i f o r n i a ; 208 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 ; Union T r u s t B u i l d i n g , 510 W i l l i a m Penn Way, P i t t s b u r g h , P e n n s y l v a n i a ; and 1 Commerce Square, Memphis, T e n n e s s e e , through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c C l e a r i n g & S e r v i c e s Corp. ( 3 / 2 6 / 8 1 ) 3/ Approved Mid-Nebraska B a n c s h a r e s , I n c . , Ord, Nebraska, for approval t o a c q u i r e 90 p e r c e n t of the v o t i n g s h a r e s of Ord Agency, I n c . , Ord, Nebraska, vhich engages i n g e n e r a l i n s u r a n c e agency a c t i v i t i e s i n a community w i t h a p o p u l a t i o n of l e s s than 5 , 0 0 0 . Reactivated Union P l a n t e r s C o r p o r a t i o n , Memphis, T e n n e s s e e , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making d i r e c t l o a n s , both unsecured and secured by 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 , f o r consumer and o t h e r p u r p o s e s , d i s c o u n t i n g n o t e s , s e c u r i t y agreements and other i n d i c i a of s e c u r i t y , and making d i r e c t l o a n s to d e a l e r s f o r the f i n a n c i n g of i n v e n t o r y ; i n a d d i t i o n , a c t i n g as i n s u r ance agent at o f f i c e s at which i t i s o t h e r w i s e engaged i n b u s i n e s s with r e s p e c t to 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 v e h i c l e property damage i n s u r a n c e ) a t 67 Madison Avenue, Memphis, T e n n e s s e e , through an e x i s t i n g ( i n a c t i v e ) w h o l l y owned s u b s i d i a r y , Madison Loan & T h r i f t Company ( 3 / 2 8 / 8 1 ) 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 of the Board of Governors under d e l e g a t e d a u t h o r i t y . H.2, 1981 No. 13 10 ACTIONS OF THE BOARD-Cont inued New York Permitted The Chase Manhattan C o r p o r a t i o n , New York, New York, f o r approval t o u n d e r w r i t e as r e i n s u r e r , through i t s subs i d i a r y , Western Hemisphere L i f e Insurance Company, I n c . , Wilmington, Delaware, c r e d i t l i f e i n s u r a n c e in New York, Puerto Rico and t h e U . S . V i r g i n I s l a n d s and - c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e in New York d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t by A p p l i c a n t ' s banking s u b s i d i a r y i n New York, Puerto Rico and t h e U.S. V i r g i n I s l a n d s ( 3 / 2 1 / 8 1 ) 3V New York Citicorp, in the Avenue, States Nmw York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand the 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 o f 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 . , and i t s r e s p e c t i v e s u b s i d i a r i e s to i n c l u d e t h e f o l l o w i n g a c t i v i t i e s ( s e r v i c i n g , for any p e r s o n , of l o a n s and o t h e r e x t e n s i o n s of c r e d i t ) ( 3 / 2 6 / 8 1 ) 3/ New York Horizon Bancorp, Morris town, New J e r s e y , r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s ( ( a ) making or a c q u i r i n g , for i t s own account o r f o r the account 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 ( i n c l u d i n g i s s u i n g l e t t e r s o f c r e d i t and a c c e p t ing d r a f t s ) such as would be made, f o r example, by a m o r t g a g e , f i n a n c e , c r e d i t card or f a c t o r i n g company; and ( b ) l e a s i n g p e r s o n a l p r o p e r t y o r a c t i n g as b r o k e r or a d v i s o r i n l e a s i n g such property p r o v i d e d such l e a s e s meet t h e c r i t e r i a of S e c t i o n 2 2 5 . 4 ( a ) ( 6 ) o f R e g u l a t i o n Y) a t Palm Towers B u i l d i n g , 1343 Main S t r e e t , S a r a s o t a , F l o r i d a , through i t s s u b s i d i a r y , H o r i z o n C r e d i t c o r p ( 3 / 2 2 / 8 1 ) 3 / New York Horizon Bancorp, Morristown, New J e r s e y , r e q u e s t s p e r m i s s i o n t o expand t h e a c t i v i t i e s at an e x i s t i n g o f f i c e to i n c l u d e t h e f o l l o w i n g a c t i v i t i e s ( s e r v i c i n g l o a n s and other e x t e n s i o n s of c r e d i t f o r any p e r s o n ) a t 334 Madison Avenue, Morristown, New J e r s e y , through i t s s u b s i d i a r y , Horizon Creditcorp ( 3 / 2 6 / 8 1 ) 3/ New York 3/ New York, New York, r e q u e s t s p e r m i s s i o n to engage s a l e at r e t a i l of t r a v e l e r s checks a t 399 Park New York, New York, s e r v i n g t h e e n t i r e United (3/21/81) V 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, t o u n d e r w r i t e as r e i n s u r e r , 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 L i f e I n s u r a n c e Company, 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 L i n c o l n F i r s t Bank, N.A. , R o c h e s t e r , New York, i n New York S t a t e (3/271/81) 2 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y . H . 2 , 1981 No. 13 - 11 ACTIONS OF THE BOARD-Continued Richmond Central F i d e l i t y Banks, I n c . , Richmond, 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 to engage i n de novo a c t i v i t i e s ( a c t i n g as investment and f i n a n c i a l a d v i s o r , p r o v i d i n g p o r t f o l i o investment advice and p o r t f o l i o management s e r v i c e s to i n d i v i d u a l s , p a r t n e r s h i p s , c o r p o r a t i o n s , p e n s i o n and p r o f i t sharing p l a n s , p r i v a t e founda t i o n s and endowments) a t 213 E a s t Broad S t r e e t , Richmond, V i r g i n i a , through i t s s u b s i d i a r y , CFB Advisory C o r p o r a t i o n ( f o r m e r l y The Columbia A d v i s o r y C o r p o r a t i o n ) ( 3 / 2 5 / 8 1 ) 3 / Chicago M i l l i k i n B a n c s h a r e s , I n c . , D e c a t u r , I l l i n o i s , n o t i f i c a t i o n of of i n t e n t to e s t a b l i s h de novo a c t i v i t i e s ( t o engage i n mortgage l o a n o r i g i n a t i o n a c t i v i t i e s ) i n Bloomington, Champaign, Mount Vernon and Mo l i n e , I l l i n o i s , t h e geographic scope i s 21 c o u n t i e s ( 2 0 i n I l l i n o i s , 1 i n Iowa) t h a t are near to the l o c a t i o n s of t h e r e s p e c t i v e o f f i c e s , through i t s s u b s i d i a r y M i l l i k i n R e a l t y F i n a n c i n g C o r p . , D e c a t u r , I l l i n o i s ( 3 / 2 7 / 8 1 ) 3V Chicago Northern T r u s t 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 to engage in de novo a c t i v i t i e s ( s e r v i c i n g loans and other e x t e n s i o n s o f c r e d i t for any person) a t 700 B r i c k e l 1 Avenue, Miami, F l o r i d a , t h e g e o g r a p h i c scope i s in the State of Florida (3/23/81) 3/ St. Louis Union P l a n t e r s C o r p o r a t i o n , Memphis, T e n n e s s e e , n o t i f i c a t i o n of i n t e n t to engage i n cte novo a c t i v i t i e s (making d i r e c t l o a n s , both unsecured and s e c u r e d by r e a l and/or p e r s o n a l p r o p e r t y , for consumer and o t h e r p u r p o s e s , d i s c o u n t i n g n o t e s , s e c u r i t y a g r e e m e n t s and o t h e r i n d i c i a of s e c u r i t y , and making d i r e c t l o a n s to d e a l e r s for t h e f i n a n c i n g of i n v e n t o r y ; i n a d d i t i o n , a c t i n g as i n s u r a n c e agent at o f f i c e s a t tdiich i t i s o t h e r w i s e engaged i n b u s i n e s s w i t h r e s p e c t to 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 v e h i c l e p r o p e r t y damage i n s u r a n c e ) a t 67 67 Madison Avenue, Memphis, T e n n e s s e e , through an e x i s t i n g ( i n a c t i v e ) w h o l l y owned s u b s i d i a r y , Madison Loan & T h r i f t Company ( 3 / 2 8 / 8 1 ) 3 / San Francisco Crocker N a t i o n a l C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( ( 1 ) o r i g i n a t i n g mortgages on s i n g l e and m u l t i - f a m i l y and commercial n o n - r e s i d e n t i a l p r o p e r t i e s , s e l l i n g t h e mortgages t o permanent i n v e s t o r s and s e r v i c i n g t h e l o a n s on b e h a l f o f the i n v e s t o r s who purchase the mortgages and a s s i s t i n g d e v e l o p e r s and b u i l d e r s in o b t a i n i n g c o n s t r u c t i o n loans and o t h e r t y p e s of development l o a n s ; ( 2 ) a c q u i r i n g from o t h e r s , for i t s own account or for t h e 37 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of of Governors under d e l e g a t e d a u t h o r i t y . the Board H . 2 , 1981 No. 13 - 1 2 ACTIONS OF THE BOARD-Continued account of o t h e r s , e n t i r e or p a r t i a l i n t e r e s t s in r e a l e s t a t e loans and e x t e n s i o n s o f c r e d i t secured by r e a l e s t a t e , i n c l u d i n g i n t e r i m , c o n s t r u c t i o n , development and l o n g - t e r m r e a l e s t a t e l o a n s and r e l a t e d s e c u r i t y ; ( 3 ) c r e a t i n g , a c q u i r i n g , h o l d i n g and d i s p o s i n g o f , f o r i t s own account or the account of o t h e r s , n o t e s , bonds, debentures, pass-through c e r t i f i c a t e s , or other similar i n s t r u m e n t s , vfaich are secured or backed d i r e c t l y or i n d i r e c t l y by i n t e r e s t s in real e s t a t e or in e x t e n s i o n s of r e a l e s t a t e c r e d i t ; ( 4 ) l e a s i n g r e a l p r o p e r t y i n accordance w i t h the p r o v i s i o n s of S e c t i o n 2 2 5 . 4 ( a ) ( 6 ) of R e g u l a t i o n Y; ( 5 ) a c t i n g as a g e n t , broker or a d v i s e r t o any person or e n t i t y i n connect i o n w i t h t r a n s a c t i o n s of t h e t y p e s d e s c r i b e d i n paragraphs ( 1 ) , ( 2 ) , ( 3 ) and ( 4 ) above; and ( 6 ) s e r v i c i n g r e a l e s t a t e loans and o t h e r e x t e n s i o n s of r e a l e s t a t e c r e d i t owned by o t h e r s ) a t 1475 Bascom Avenue, Campbell; 7 750 C o l l e g e Town D r i v e , Sacramento; 5480 Moreno S t r e e t , Monte l a i r ; 3790 North Blacks t o n e Avenue, Fresno; 3050 C i t r u s C i r c l e , S u i t e 110, Walnut Creek; 1342 Broadway P l a z a , Walnut Creek; Southland Square, Hayward; 3000 Ocean Park B o u l e v a r d , S u i t e 1020, S a n t a Monica; 850 Tenth S t r e e t , Modesto; 517 East Weber Avenue, S t o c k t o n ; 1731 C h e s t e r Avenue, B a k e r s f i e l d ; 751 Marsh S t r e e t , San Luis Obispo; 50 Santa Rosa Avenue, S a n t a Rosa; and 2171 Campus D r i v e , I r v i n e , a l l l o c a t e d i n C a l i f o r n i a and 2435 East S o u t h e r n , S u i t e 1, Tempe, A r i z o n a , t h e g e o g r a p h i c are to be served by t h e s e o f f i c e s w i l l p r i n c i p a l l y be t h e S t a t e o f A r i z o n a , and C a l i f o r n i a , a l t h o u g h the s e r v i c e s w i l l a l s o be o f f e r e d throughout t h e United S t a t e s , through i t s w h o l l y owned s u b s i d i a r y , Crocker Mortgage Company, I n c . ( 3 / 2 3 / 8 1 ) 3/ San Francisco 3/ S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own account or f o r the account of o t h e r s , loans and e x t e n s i o n s o f c r e d i t , i n c l u d i n g making consumer i n s t a l l m e n t p e r s o n a l l o a n s , p u r c h a s i n g consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans t o small b u s i n e s s e s and other e x t e n s i o n s of c r e d i t such as would be made by a f a c t o r i n g company o r a consumer f i n a n c e company; and a c t i n g a s broker or agent for 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 , a c c i d e n t and h e a l t h i n s u r a n c e ) in Happauge and Woodbury, New York, s e r v i n g t h e S t a t e of New York, through i t s s u b s i d i a r i e s , S e c u r i t y P a c i f i c Finance C o r p . , and SPC C r e d i t S e r v i c e s , I n c . ( 3 / 2 8 / 8 1 ) 3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y . I H . 2 , 1981 No. 13 - 13 ACTIONS OF THE BOARD-Continued San Francisco S e c u r i t y P a c i f i c C o r p o r a t i o n , Los 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 to engage i n de novo a c t i v i t i e s ( t h e o r i g i n a t i o n and a c q u i s i t i o n of mortgage l o a n s , i n c l u d i n g development and c o n s t r u c t i o n l o a n s on m u l t i f a m i l y and commercial p r o p e r t i e s f o r S e c u r i t y P a c i f i c Mortgage C o r p o r a t i o n ' s own account or f o r s a l e to o t h e r s and t h e s e r v i c i n g of such l o a n s f o r o t h e r s ) in Portland Oregon, t h e geographic area to be s e r v e d w i l l be t h e S t a t e of Oregon, through i t s wholly-owned s u b s i d i a r y , S e c u r i t y P a c i f i c Mortgage C o r p o r a t i o n ( 3 / 2 3 / 8 1 ) 3 / San Francisco Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , t o expand the a c t i v i t i e s conducted by i t s wholly-owned s u b s i d i a r y , Central Western Insurance Company ( t o i n c l u d e r e i n s u r a n c e of a c c i d e n t and h e a l t h ( d i s a b i l i t y ) and combined l i f e and d i s a b i l i t y i n s u r a n c e d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t in t h e S t a t e o f C a l i f o r n i a by W e l l s ' l e n d i n g s u b s i d i a r i e s ) at 6710 E a s t Camel back Road , S u i t e 101, Scot t s d a l e , A r i z o n a ( 2 / 9 / 8 1 ) 3/ 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 of Board of Governors under d e l e g a t e d a u t h o r i t y . i the H. 2, 1981 No. 13 - 1 4 APPLICATIONS RECEIVED To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 of t h e F e d e r a l Reserve Act Philadelph ia Cirard Bank, Bala Cynwyd, P e n n s y l v a n i a . Branch to be e s t a b l i s h e d at t h e V i l l a g e S h i r e s Shopping C e n t e r , Buck and East V i l l a g e Roads, H o l l a n d , P e n n s y l v a n i a . 2/ Philadelphia Girard Bank, Bala Cynwyd, P e n n s y l v a n i a . To e s t a b l i s h o f f s i t e e l e c t r o n i c f a c i l i t i e s at the f o l l o w i n g l o c a tions: D e l a i r e Landing, 9456 S t a t e Road, P h i l a d e l p h i a , P e n n s y l v a n i a ; Shop R i t e S t o r e , Frankford and Knorr S t r e e t s , P h i l a d e l p h i a , P e n n s y l v a n i a ; Cheyney S t a t e C o l l e g e , Cheyney, P e n n s y l v a n i a ; B a r c l a y Square Shopping C e n t e r , 1500 G a r r e t t Road, Upper Darby, Pennsylvania. 2/ Richmond Central F i d e l i t y Bank, N o r t h e r n V i r g i n i a , B a i l e y ' s C r o s s roads, Virginia. Branch to be e s t a b l i s h e d a t 5802 Columbia P i k e , B a i l e y ' s C r o s s r o a d s , F a i r f a x County, V i r g i n i a . 2/ Atlanta Dadeland Bank. Branch to be e s t a b l i s h e d at 1201 B r i c k e l 1 Avenue, Miami, F l o r i d a . 7 j San Francisco United C a l i f o r n i a Bank, Los A n g e l e s , C a l i f o r n i a . Branch to be e s t a b l i s h e d i n t h e v i c i n i t y of the i n t e r s e c t i o n of Shaw and Marks Avenue, Fresno, Fresno County, C a l i fornia. 27 San Franci sco Union Bank, Los A n g e l e s , C a l i f o r n i a . Branch to be e s t a b l i s h e d in t h e v i c i n i t y of t h e i n t e r s e c t i o n of S l a u s o n and E a s t e r n Avenues, Commerce, Los A n g e l e s County, C a l i f o r n i a . 2/ San F r a n c i sco United C a l i f o r n i a Bank, Los A n g e l e s , C a l i f o r n i a . Branch to be e s t a b l i s h e d i n t h e v i c i n i t y of the i n t e r s e c t i o n of T h i r t e e n t h and Spring S t r e e t s , P a s c o R o b l e s , San Luis Obispo County, C a l i f o r n i a . 2 / 2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . I H.2, 1981 No. 13 - 15 APPLICATIONS RECEIVED-Continued To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant t o S e c t i o n 25 o f t h e F e d e r a l Reserve Act New York Guaranty T r u s t Company o f New York, New York, New York: p r i o r n o t i f i c a t i o n of i t s i n t e n t to e s t a b l i s h an i n i t i a l branch i n T a i p e i , Taiwan. * * * * * To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956 Atlanta N i c e v i l l e B a n k s h a r e s , N i c e v i l l e , F l o r i d a , for approval t o a c q u i r e at l e a s t 80 p e r c e n t of the 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 N i c e v i l l e , N i c e v i l l e , F l o r i d a . 2/ Atlanta P e o p l e s B a n c s h a r e s , I n c . , Pel 1 C i t y , Alabama, f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of The P e o p l e s Bank, P e l 1 C i t y , Alabama. 2/ Chicago Auburn B a n c s h a r e s , I n c . , Auburn, Iowa, for approval t o a c q u i r e at l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of Auburn S a v i n g s Bank, Auburn, Iowa. 2 / Chicago Boone Bancorp, I n c . , B e l v i d e r e , I l l i n o i s , f o r approval to a c q u i r e 100 percent 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 the s u c c e s s o r by merger t o Boone S t a t e Bank, B e l v i d e r e , I l l i n o i s . 2 / Chicago CITIZENS BANKING CORPORATION, F l i n t , Michigan, f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of the s u c c e s s o r by c o n s o l i d a t i o n to C i t i z e n s Commercial & S a v i n g s Bank, F l i n t , Michigan. 2 / Chicago F i r s t C l a r i o n Bancorporat i o n , C l a r i o n , Iowa, f o r approval to a c q u i r e a t l e a s t 80 percent 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 o f C l a r i o n , C l a r i o n , Iowa. 2/ Chicago Fox V a l l e y Bancorp, I n c . , Montgomery, I l l i n o i s , for approval t o a c q u i r e 80 p e r c e n t or more of the v o t i n g s h a r e s of Bank of Montgomery, Montgomery, Alabama. 2 / 2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H.2, 1981 No. 13 - 1 6 - APPLICATIONS RECEIVED-Continued Chicago North C e n t r a l Bancorporat i o n , Mason C i t y , Iowa, f o r approval to a c q u i r e at l e a s t 52 percent or more of t h e v o t i n g s h a r e s of North Iowa S t a t e Bank, Belmond, Iowa. 2/ St. Louis Pike Bancorp, I n c . , P i t t s f i e l d , I l l i n o i s , f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of Farmers S t a t e Bank, P i t t s f i e l d , I l l i n o i s . 2/ Minneapolis Buhl Bancorporat i o n , I n c . , Buhl, Minnesota, for approval to a c q u i r e at l e a s t 9 5 . 1 p e r c e n t of the 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 o f Buhl, Buhl, Minnesota. 2 / Minneapolis Hugo Bancorporat i o n , I n c . , Hugo, Minnesota, f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s o f F i r s t S t a t e Bank o f Hugo, Hugo, Minnesota. 2/ Kansas C i t y E q u a l i t y Bankshares, Cheyenne, Wyoming, for approval t o a c q u i r e 80 p e r c e n t of the v o t i n g s h a r e s of The E q u a l i t y S t a t e Bank, Cheyenne, Wyoming. 2] Kansas C i t y Fort Cobb Bancshares, I n c . , Fort B o c c , Oklahoma, f o r approval to a c q u i r e at l e a s t 80 percent of t h e v o t i n g s h a r e s of Washita V a l l e y Bank, Fort Cobb, Oklahoma. 2j Kansas C i t y The Independent Bank Holding Company, Englewood, C o l o r a d o , f o r approval to a c q u i r e at l e a s t 9 4 . 5 p e r c e n t of the v o t i n g s h a r e s o f Western N a t i o n a l Bank of Denver, Denver, Colorado. 2/ Dallas Citizens Greenville Bancshares, I n c . , G r e e n v i l l e , Texas, f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of The C i t i z e n s N a t i o n a l Bank of G r e e n v i l l e , Greenv i l l e , T e x a s . 2j Dallas Coastal Bend B a n c s h a r e s , I n c . , Robs town, T e x a s , f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of S t a t e N a t i o n a l Bank o f Robs town, Robs town, T e x a s . 2 / Dallas F i r s t Canadian Bancorp, I n c . , Canadian, T e x a s , for approval to a c q u i r e at l e a s t 80 percent of the 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 o f Canadian, Canadian, T e x a s . 2 / Dallas P/B Bancshares, I n c . , H o u s t o n , T e x a s , f o r approval to a c q u i r e 8 0 - 1 0 0 percent of t h e v o t i n g s h a r e s of P e o p l e s Bank, Houston, Texas. 2/ 2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H . 2 , 1981 No. 13 - 17 APPLICATIONS RECEIVED-Cont inued Dallas Tomba11 B a n c s h a r e s , I n c . , Tomball, T e x a s , f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s o f F i r s t Bank & T r u s t , Tomball, T e x a s . 2 / San Francisco Banore B a n c s h a r e s , I n c . , Woodburn, Oregon, for approval t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of the s u c c e s s o r by merger t o Bank of Oregon, Woodburn, Oregon. 2 / * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) o f t h e Bank Holding Company Act o f 1956 Atlanta F i r s t South Bankcorp, Columbus, G e o r g i a , for approval t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of Farmers and Merchants Bank, P i n e Mountain, G e o r g i a . 2J Chicago Banks of Iowa, I n c . , Des Moines, Iowa, f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of Fort Madison Bank & Trust C o . , Fort Madison, Iowa. 2/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) o f the Bank Holding Company Act of 1956 New York 2/ B a r c l a y s Bank Limited 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 , both of London, England, r e q u e s t s p e r m i s s i o n t o r e l o c a t e e x i s t i n g o f f i c e s engaging i n the f o l l o w i n g a c t i v i t i e s (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 secured 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 as would be made or acquired 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 a c t i n g a s agent f o r the 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 ance ) from 2 4 - 2 6 North S t r e e t , Mid d i e town, New York to 280 Route 211 E a s t , Middletown, New York, through t h e i r s u b s i d i a r y , B a r e l a y s A m e r i c a n / F i n a n c i a l , I n c . (a New York C o r p o r a t i o n ) ; from 2 4 - 2 6 North S t r e e t , Middletown, New A p p l i c a t i o n s u b j e c t to Community Reinvesmtent 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 to the l e n g t h of the comment p e r i o d . • H.2, 1981 No. 13 • - 18 APPLICATIONS RECEIVKD-Continued York Co 280 Route 211 E a s t , Mid d i e town, New York, through t h e i r s u b s i d i a r y , Bare l a y s A m e r i c a n / R e t a i l S e r v i c e s , I n c . ( a n Ohio C o r p o r a t i o n ) ; from Highway 701 South, W h i t e v i l l e , North C a r o l i n a t o 4350 F a y e t t e v i l l e Road, Lumberton, North C a r o l i n a , t h r o u g h t h e i r s u b s i d i a r y , Bare laysAmeric a n / C r e d i t , I n c . ; from Akron Square Shoping C e n t e r , 1615 South A r l i n g t o n S t r e e t , Akron, Ohio to S t o r e I , Waterloo Road, Akron, O h i o , through t h e i r s u b s i d i a r y , B a r e l a y s A m e r i c a n / F i n a n c i a l , I n c . (a North C a r o l i n a C o r p o r a t i o n ) ; from Akron Square Shopping C e n t e r , 1615 South A r l i n g t o n S t r e e t , Akron, Ohio to Store 1, Waterloo Road, Akron, O h i o , through t h e i r s u b s i d i a r y , B a r e l a y s A m e r i c a n / M o r t g a g e , I n c . (a North C a r o l i n a Corporat i o n ) ; from 22504 Lake Shore B o u l e v a r d , E u c l i d , Ohio to 4839 Robinhood D r i v e , Willoughby, O h i o , through t h e i r subs i d i a r y , B a r e l a y s A m e r i c a n / F i n a n c i a l , I n c . ( a New York C o r p o r a t i o n ) ; from 1116 North Shepherd S t r e e t , Houston, Texas to 11750 W i i c r e s t S t r e e t , Houston, T e x a s , through t h e i r s u b s i d i a r y , B a r e l a y s A m e r i c a n / F i n a n c i a l (a North C a r o l i n a C o r p o r a t i o n ) ( 3 / 2 7 / 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, England, 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 in t h e f o l l o w i n g a c t i v i t i e s (making d i r e c t consumer l o a n s , i n c l u d i n g loans secured 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 as would be made or acquired 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 a c t i n g as agent for the 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 property i n s u r a n c e ) a t 8102 North D a v i s Boulevard, P e n s a c o l a , F l o r i d a , through t h e i r s u b s i d i a r v , BarelaysAmeric anCorporation (3/27/81) 3/ Cleveland Provident Bancorp, I n c . , C i n c i n n a t i , Ohio, n o t i f i c a t i o n of i n t e n t to engage in the f o l l o w i n g a c t i v i t y ( l e a s i n g personal and r e a l p r o p e r t y ) at One East Fourth S t r e e t , C i n c i n n a t i , O h i o , through i t s s u b s i d i a r y , P r o v i d e n t Leasing Company ( 3 / 2 4 / 6 1 ) 3 / Richmond F i r s t Maryland Bancorp, B a l t i m o r e , Maryland, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( l e a s i n g p e r sonal p r o p e r t y and equipment on a f u l l pay-out b a s i s and 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 the l e a s i n g t h e r e o f ; l e a s i n g r e a l p r o p e r t y on a f u l l pay-out b a s i s ; and 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 the l e a s i n g 3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of of Governors under d e l e g a t e d a u t h o r i t y . I the Board H.2, 1981 No. 13 - 19 APPLICATIONS RECEIVED-Cont inued t h e r e o f ; making or a c q u i r i n g , f o r i t s own account or f o r t h e account of o t h e r s , l o a n s and other e x t e n s i o n s of c r e d i t w i t h r e s p e c t to p e r s o n a l p r o p e r t y , equipment, and r e a l p r o p e r t y ; and s e r v i c i n g l o a n s , l e a s e s and o t h e r e x t e n s i o n s of c r e d i t ) i n Baton Rouge, L o u i s i a n a , through i t s s u b s i d i a r y , F i r s t Maryland L e a s e c o r p . ( 3 / 2 3 / 8 1 ) 3 / Atlanta F i r s t R a i l r o a d & Banking Company o f G e o r g i a , Augusta, G e o r g i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( i n the s a l e of r e t a i l money o r d e r s having a f a c e v a l u e of n o t more than $ 1 , 0 0 0 to current and f u t u r e c u s t o m e r s ) through i t s 31 consumer f i n a n c e o f f i c e s in North C a r o l i n a , South C a r o l i n a , Georgia and T e n n e s s e e , through i t s s u b s i d i a r y , CMC Group, I n c . ( 3 / 2 3 / 8 1 ) 3 / Ch i c a g o F i r s t Chicago 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 to engage in de novo 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 advice to i t s c u s t o m e r s ) t h e a c t i v i t y w i l l be performed at e x i s t i n g o f f i c e s in C h i c a g o , I l l i n o i s ; Miami, F l o r i d a ; and Houston, T e x a s , the g e o g r a p h i c scope i s n a t i o n w i d e , through i t s subs i d i a r y , F i r s t Chicago R e a l t y S e r v i c e s C o r p o r a t i o n (3/19/81) 2/ Minneapoli s Northwest B a n c o r p o r a t i o n , M i n n e a p o l i s , Minnesota, f o r approval to i n d i r e c t l y engage d*s novo in the b u s i n e s s of p r o v i d i n g a u d i t s e r v i c e s to n o n - a f f i l i a t e d banks, through Banco I n c o r p o r a t e d . Kansas C i t y F i r s t of Chadron Bank C o r p o r a t i o n , Chadron, Nebraska, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( p e r s o n a l p r o p e r t y l e a s i n g a c t i v i t i e s or a c t i n g as a g e n t , broker or a d v i s e r i n l e a s i n g such property) i n Chadron, Nebraska, t h e g e o g r a p h i c area to be served i n c l u d e s w e s t e r n Nebraska, e a s t e r n Wyoming a n d / o r s o u t h w e s t e r n South Dakota ( 3 / 2 7 / 8 1 ) 3/ Kansas C i t y Midland C a p i t a l C o . , Oklahoma C i t y , Oklahoma, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making loans to other c o r p o r a t e e n t i t i e s , or to make i n v e s t m e n t s i n the debt s e c u r i t i e s of o t h e r c o r p o r a t e e n t i t i e s ) the geographic area to be s e r v e d i n c l u d e s t h e United S t a t e s , through i t s s u b s i d i a r y , Midland Mortgage Co. ( 3 / 2 5 / 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 Reserve Bank on b e h a l f of of Governors under d e l e g a t e d a u t h o r i t y . the Board H . 2 , 1981 No. 13 20 - APPLICATIONS RECEIVED-Continued Dal l a s Southwest B a n c s h a r e s , I n c . , Houston, T e x a s , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( a c t i n g as i n s u r ance a g e n t ) at 20th F l o o r , Southwest Tower, 707 McKinney, Houston, T e x a s , s e r v i n g t h e S t a t e of T e x a s , through a s u b s i d i a r y , C o n t i n e n t a l General Agency, I n c . ( 3 / 2 6 / 8 1 ) 3/ San Francisco Imperial Bancorp, Inglewood, 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 to engage in de novo a c t i v i t i e s ( a c t i n g as an accommodation p a r t y i n S t a r k e r delayed exchanges of r e a l e s t a t e ; the Company's a c t i v i t i e s w i l l c o n s i s t of e n t e r i n g i n t o delayed r e a l e s t a t e exchange agreements w i t h owners of property w i s h i n g t o exchange t h e i r prope r t y for o t h e r p r o p e r t y ) a t 9920 S. La C i e n e g a Boulevard, I n g l e w o o d , C a l i f o r n i a , through a wholly-owned s u b s i d i a r y , I m p e r i a l Exchange S e r v i c e s , I n c . ( 3 / 2 3 / 8 1 ) 3 / San Franci sco S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n c e r t a i n c l e a r i n g and c u s t o d i a n a c t i v i t i e s w i t h r e s p e c t t o s e c u r i t i e s , commercial paper and s i m i l a r i n s t r u m e n t s , such as a c t i n g as forwarding a g e n t , coupon paying agent and provider of trade c o n f i r m a t i o n s e r v i c e s and a c t i n g as i s s u i n g and paying agent f o r commmercial paper and s i m i l a r i n s t r u m e n t s , as w e l l as a c t i v i t i e s i n c i d e n t t h e r e t o , such as the making of c a l l loans to s e c u r i t i e s d e a l e r s ) a t 300 Montgomery S t r e e t , San Franci s c o , C a l i f o r n i a , through i t s wholly-owned s u b s i d i a r y , S e c u r i t y P a c i f i c C l e a r i n g & S e r v i c e s Corp. ( 3 / 2 3 / 8 1 ) 3/ * * * * * REPORTS RECEIVED None. * * * * * PETITIONS FOR RULEMAKING None. 3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of of Governors under d e l e g a t e d a u t h o r i t y . the Board
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