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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2 1974 No. 13 Applications and Reports Received or Acted on During the Week Ending March 30, 1974 District Current Report Filed Pursuant to Section 13 of the Securities Exchange Act Received The Peoples-Merchants Trust Company, Canton, Ohio * * * * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received United Home Bank & Trust Company, Mason City, Iowa. Branch to be established at 4th Street, S.E. and Illinois Avenue, Mason City. Bank of Lansing, Lansing, Michigan. Branch to be established at 1110 E. Michigan, Lansing, Ingham County. Approved ^Commerce Bank of Mexico, Mexico, Missouri. Branch to be established at 100 West Jackson, Mexico. ''Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. To establish- an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Approved First National City Bank, New York, New York: two branches in Amman, the Hashimite Kingdom of Jordan. The First National Bank of Dallas, Dallas, Texas: in Paris, France. branch To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received Interaountain Bancorp, Inc., Westminster, Colorado, for approval to acquire 100 per cent (less directors\ qualifying shares) of the voting shares of First National Bank, Westminster, Westminster, Colorado. Rush County Insurance Agency, Inc., LaCrosse, Kansas, for approval to acquire 80 per cent or more of the voting shares of The Home State Bank, LaCrosse, Kansas. Korea Exchange Bank, Seoul, Korea, for approval to acquire 100 per cent of the voting shares of Korea Exchange Bank of California, Los Angeles, California, a proposed new bank. Approved Branch Corporation, Wilson, North Carolina, for approval to acquire 100 per cent of the voting shares (less directors 1 qualifying shares) of the successor by merger to Branch Banking & Trust Company, Wilson, North Carolina. Mid-America Bancorporation, Inc., East Moline, Illinois, for approval to acquire 100 per cent of the voting shares (less directors 1 qualifying shares) of the successor by merger to State Bank of East Moline, East Moline, Illinois. First Illinois Bancshares Corporation, Alton, Illinois, for approval to acquire 100 per cent of the voting shares (less directors 1 qualifying shares) of the successor by merger to First National Bank & Trust Company in Alton, Alton, Illinois. Peoples State Bankshares, Inc., Rossville, Kansas, for approval to acquire 81 per cent or more of the voting shares of Peoples State Bank, Rossville, Kansas. Seven V Banco, Inc., Callaway, Nebraska, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of Seven Valleys State Bank, Callaway, Nebraska. Received Continued Correction: On H.2 No. 9 (1974), the Board reported receipt of an application under Section 3(a)(3) from Safrabank S.A., Panama City, Republic of Panama, Trade Development Bank Holding S.A., City of Luxembourg, Grand Duchy of Luxembourg, and Trade Development Bank, Geneva, Switzerland, for prior approval to acquire directly and indirectly 40 per cent of the voting shares of Republic New York Corporation, New York, New York, and indirectly acquire 100 per cent (less directors' qualifying shares) of the voting shares of the successor by merger to Republic National Bank of New York, New York, New York. * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received Florida National Banks of Florida, Inc., Jacksonville, Florida, for approval to acquire 50.4 per cent of the voting shares of Citizens Bank of Bunnell, Bunnell, Florida. Hamilton Bancshares, Inc., Chattanooga, Tennessee, for approval to acquire 100 per cent (less directors 1 qualifying shares) of the voting shares of the successor by merger to First American Bank, Memphis, Tennessee. Third National Corporation, Nashville, Tennessee, for approval to acquire 50 per cent or more of the voting shares of Bank of Elbridge, Elbridge, Tennessee. Approved Valley of Virginia Bankshares, Inc., Harrisonburg, Virginia, for approval to acquire 100 per cent of the voting shares of the successor by merger to Western Frederick Bank, Gore, Virginia. First National Corporation, Appleton, Wisconsin, for approval to acquire 80 per cent or more of the voting shares of The Community Bank, De Pere, Wisconsin. First Tennessee National Corporation, Memphis, Tennessee, for approval to acquire 100 per cent of the voting shares of the successor by merger to Bank of Mt. Juliet, Mt. Juliet, Tennessee. H. 2 1974 No. 13 10 W W ~ 5 - Approved Continued D. H. Baldwin Company, Cincinnati, Ohio, for approval to acquire directly a majority of the voting shares of Peoples Bank of Arapahoe County, Aurora, Colorado. 10 Colorado National Bankshares, Inc., Denver, Colorado, for approval to acquire 80 per cent or more of the voting shares of First National Bank, Evergreen, Colorado. 10 Colorado National Bankshares, Inc., Denver, Colorado, for approval to acquire 80 per cent or more of the voting shares of Golden State Bank, Golden, Colorado. 10 First National Charter Corporation, Kansas City, Missouri, for approval to acquire 90 per cent or more of the voting shares of Blue Springs Bank, Blue Springs, Missouri. 11 First United Bancorporation, Inc., Fort Worth, Texas, for approval to acquire 51 per cent or more of the voting shares of Great Southwest National Bank of Arlington, Arlington, Texas. * * * * * 10 To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Denied D. H. Baldwin Company, Cincinnati, Ohio, for approval to acquire indirectly a majority of the voting shares of Peoples Bank & Trust Company, Aurora, Colorado, through the direct acquisition of all the voting shares of Midway Investment Corporation, Aurora, Colorado. * * * * * 2 To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 _ Received **First Commercial Banks, Inc., Albany, New York, notification of intent to engage in a de novo activity (acting as investment or financial adviser, including (i) serving as the advisory company for a mortgage or a real estate investment trust; (ii) serving as investment adviser to an investment company; (iii) providing portfolio investment advice to any other person; **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 3-28-74 • 11.2 1974 No. 13 - 6 Received Continued (iv) furnishing general economic information and advice, general economic statistical forecasting services and industry studies; and (v) providing financial advice to State and local governments, such as with respect to the issurance of their securities) in Albany, New York, through a subsidiary, FCB Advisory Services, Inc. 3 3 ^^Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to engage in de novo activities (originating, purchasing, selling, and servicing real estate mortgage loans) at 1830 Catalina Court, Livermore, California, through its subsidiary, Colonial Associates, Inc. National Central Financial Corporation, Lancaster, Pennsylvania, for approval to acquire 100 per cent of the outstanding stock of Hartzler Mortgage Company, Columbus, Ohio. 5 **NCNB Corporation, Charlotte, North Carolina, notification of intent to relocate an office of its subsidiary, C. Douglas Wilson & Co., from 205 King Street, Charleston, South Carolina, to 1535 Sam Rittenburg Highway, Charleston, South Carolina, and to engage at the new location in the following activities (engaging in the business of originating, selling, and servicing residential and commercial mortgage loans; making construction and development mortgage loans and performing such other incidental activities necessary to conduct a mortgage banking business including the offering of credit life insurance and credit accident and health insurance to its mortgage customers). 5 South Carolina National Corporation, Columbia, South Carolina, for approval to acquire 100 per cent of the voting shares of Insurance Premium Discount Company, Morganton, North Carolina. 5 3-25-74 3-28-74 **United Virginia Bankshares Incorporated, Richmond, 3-25-74 Virginia, notification of intent to engage in de novo activities (originating loans as principal, originating loans as agent; servicing loans for nonaffilated individuals, partnerships, and corporations; servicing loans for affiliates of United Virginia Bankshares Incorporated; such other activities as may be incidental **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 197A No. 13 " 1 ~ Received Continued to the business of a mortgage corporation; and to engage in the sale, as agent, of credit life, credit disability, mortgage redemption and mortgage cancellation insurance in connection with such loans) in Charlottesville, Virginia, through its subsidiary, United Virginia Mortgage Corporation. 6 **Ancorp Bancshares, Inc., Chattanooga, Tennessee, 3-25-74 notification of intent to engage in a de novo activity (acting as insurance agent or broker in offices at which Ancorp Finance Company is otherwise engaged in business with respect to any insurance that is directly related to the provision of other financial services by Ancorp Finance Company) in Chattanooga, Tennessee, through its subsidiary, Ancorp Finance Company. 6 **Barnett Banks of Florida, Inc., Jacksonville, Florida, 3-26-74 notification of intent to engage in de novo activities (conducting the business of a mortgage company, including the making or acquiring, for its own account or for the account of others, loans and other extensions of credit; servicing loans and other extensions of credit for any person; and acting as investment or financial adviser to the extent of (i) providing portfolio investment advice, and (ii) furnishing economic information and advice) in Hollywood, Florida, through its subsidiary, Barnett-Winston Mortgage Company. 6 First Bancshares of Florida, Inc., Boca Raton, Florida, for approval to acquire 100 per cent of the outstanding common stock of ComBanks Mortgage Company, a subsidiary of ComBanks Corporation, Winter Park, Florida. 6 First Bancshares of Florida, Inc., Boca Raton, Florida, for approval to acquire the assets of the Data Processing Division of ComBanks Corporation, Winter Park, Florida. 10 First Plaza Company, Lincoln, Nebraska, and Intermountain Bancorp, Inc., Westminster, Colorado, for approval to acquire Intermountain Insurance, Inc., and Intermountain Mortgage Co., both of Westminster, Colorado. 10 Ingalls Insurance Agency, Inc., Ingalls, Kansas, for approval to acquire the shares of Ingalls Insurance Agency, Ingalls, Kansas. **4(c)(8) and 4(c) (12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. # H.2 1974 No. 13 Received Continued Ingalls Insurance Agency, Inc., Ingalls, Kansas, for approval to acquire the shares of McCune Agency, Montezuma, Kansas. 10 10 Rush County Insurance Agency, Inc., LaCrosse, Kansas, for approval to acquire the insurance agency business of Full Service Insurance, Inc., LaCrosse, Kansas. 11 **First Security National Corporation, Beaumont, Texas, notification of intent to engage in a de_novo activity (providing financially related data processing services by First Security National Corporation, Beaumont, Texas, primarily for banks, savings and loans, and providing bookkeeping or other data processing services for the internal operations of the bank holding company and its subsidiaries) at 2525 Stemmons Freeway, Dallas, Texas, through a division known as "First Security Financial Systems". 3-26-74 12 **Marine Bancorporation, Seattle, Washington, notification of intent to engage in a de novo activity (making or acquiring, for its own account or for the account of others, loans and other extensions of credit) at 534 Rainier Avenue, Renton, Washington, through its subsidiary, Coast Mortgage Company. 3-26-74 12 **Security Pacific Corporation, Los Angeles, California, notification of intent to engage in a de novo activity (acting as an insurance agent or broker with respect to credit life insurance and credit disability insurance as defined in the insurance Code of the State of California which is directly related to extensions of credit by Security Pacific Corporation and its subsidiaries) at 561 South Spring Street, Los Angeles, California, through a wholly-owned subsidiary, SP Insurance Agency, Inc. 3-22-74 12 **Security Pacific Corporation, Los Angeles, California, 3-25-74 notification of intent to engage in a de novo activity (acting as an insurance agent or broker with respect to dual interest auto and truck physical damage insurance (insurance which insures against risk of loss as a result of collision, fire, theft, and similar casualty, the interest in a motor vehicle of both the owner thereof and a secured party who holds a security interest in said motor vehicle) offered by motor vehicle dealers who are licensed insurance agents to purchasers of **4 (c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H. 2 1974 No. 13 " 9 - Received Continued automobiles and trucks who finance the unpaid purchase price by means of conditional sale contracts or other similar contractual agreements which are purchased or otherwise financed by Security Pacific Corporation and its subsidiaries) at 561 South Spring Street, Los Angeles, California, through a wholly-owned subsidiary, SP Insurance Agency, Inc. 12 **Security Pacific Corporation, Los Angeles, California, 3-26-74 notification of intent to engage in a de^ novo activity (acting as an insurance agent or broker with respect to mortgage redemption life insurance which is directly related to extensions of credit by Security Pacific Corporation and its subsidiaries or is directly related to the provisions of other financial services by Security Pacific Corporation and its subsidiaries) at 561 South Spring Street, Los Angeles, California, through a whollyowned subsidiary, SP Insurance Agency, Inc. 12 **Security Pacific Corporation, Los Angeles, California, 3-27-74 notification of intent to engage in a de novo activity (acting as an insurance agent or broker with respect to group mortgage disability insurance which is directly related to extensions of credit by Security Pacific Corporation and its subsidiaries or is directly related to the provisions of other financial services by Security Pacific Corporation and its subsidiaries) at 561 South Spring Street, Los Angeles, California, through a whollyowned subsidiary, SP Insurance Agency, Inc. 12 12 Union Bond & Mortgage Company, Port Angeles, Washington, for approval to acquire 51 per cent of the voting shares of Union Bond Insurance Agency, Inc., Port Angeles, Washington. **Wells Fargo & Company, San Francisco, California, notification of intent to relocate the Houston, Texas, office of its existing subsidiary, Wells Fargo Leasing Corporation which is engaged in d<a novo activities (finance leasing of personal property and equipment and acting as agent, broker, and adviser in leasing such property) from 2001 Kirby Drive, Houston, Texas, to 1770 Saint James Place, San Felipe Green, Houston, Texas. **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 3-25-74 H.2 1974 No. 13 5 - 10 Received Continued Correction: **0n H.2 No. 11 (1974), the Board reported receipt of a notification of intent from Fidelity American Bankshares, Inc., Lynchburg, Virginia, to engage in a de novo activity (acting as insurance agent or broker in offices at which the holding company or its subsidiaries are otherwise engaged in business (or in an office adjacent thereto) with respect to the following types of insurance: insurance which is directly related to an extension of credit by its banks or bank-related subsidiaries primarily credit life insurance, credit accident and health insurance, property insurance which protects collateral upon which a security interest results from an extension of credit, and mortgage redemption or mortgage cancellation insurance) in Madison Heights, AltaVista, Amelia, Amherst, Appomattox, Halifax, Portsmouth, Suffolk, Hampton, Williamsburg, Blackstone, Brookneal, Chase City, Clarksville, Drakes Branch, Farmville, Kenbridge, Rustburg, Newport News, Accomack, Culpeper, Henrico County, Buchanan, Parksley, Albermarle County, Botetourt, Virginia Beach, Roanoke County, Natural Bridge, Charlottesville, Herndon, and Lynchburg, all located in Virginia, through a subsidiary, Columbia Insurance Agency, Inc., Lynchburg, Virginia. The sale of property insurance should not have been reported as received. 5 Approved Bank of Virginia Company, Richmond, Virginia, for approval to retain indirect ownership of all the voting shares of Cavanagh Leasing Corporation, Richmond, Virginia, through merger of Cavanagh into a whollyowned subsidiary of Applicant, BVA Credit Corporation, Richmond, Virginia. 5 Southern Bancorporation, Inc., Greenville, South Carolina, for approval to acquire all of the voting shares of F&I Finance Company, Inc., Sherman, Texas, through its wholly-owned subsidiary, World Acceptance Corporation. 6 Landmark Banking Corporation of Florida, Fort Lauderdale, Florida, for approval to acquire all of the voting shares of Willoughby Hoiin, Inc., Fort Lauderdale, Florida. **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 2-21-74 H. 2 1974 No. 13 - 11 Approved Continued Mercantile Bancorporation Inc., St. Louis, Missouri, for approval to acquire 100 per cent of the voting shares of Franklin Finance Company, Clayton, Missouri. 10 5 6 Seven V Banco, Inc., Callaway, Nebraska, for approval to acquire shares of Johnson Insurance Agency, Callaway, Nebraska. Delayed **Fidelity American Bankshares, Inc., Lynchburg, Virginia, notification of intent to engage in a dje novo activity (acting as insurance agent or broker in offices at which the holding company or its subsidiaries are otherwise engaged in business (or in an office adjacent thereto) with respect to the following types of insurance: insurance which is directly related to an extension of credit by its banks or bank-related subsidiaries primarily credit life insurance, credit accident and health insurance, and mortgage redemption or mortgage cancellation insurance) in Madison Heights, Altavista, Amelia, Amherst, Appomattox, Halifax, Portsmouth, Suffolk, Hampton, Williamsburg, Blackstone, Brookneal, Chase City, Clarksville, Drakes Branch, Farmville, Kenbridge, Rustburg, Newport News, Accomack, Culpeper, Henrico County, Buchanan, Parksley, Albermarle County, Botetourt, Virginia Beach, Roanoke County, Natural Bridge, Charlottesville, Herndon, and Lynchburg, all located in Virginia, through a subsidiary, Columbia Insurance Agency, Inc., Lynchburg, Virginia. **Barnett Banks of Florida, Inc., Jacksonville, Florida, notification of intent to engage in de novo activities (conducting the business of a mortgage company, including the making or acquiring, for its own account or for the account of others, loans and other extensions of credit; servicing loans and other extensions of credit for any person; and acting as investment or financial adviser to the extent of (i) providing portfolio investment advice, and (ii) furnishing economic information and advice) in Fayetteville, North Carolina, through its subsidiary, Barnett-Winston Mortgage Company. **4(c)(8) and 4(c) (12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 3-25-74 3-27-74 H. 2 1974 No. 13 1 -12Permitted **First National Boston Corporation, Boston, Massachusetts, 3-25-74 notification of intent to engage in de novo activities (making, acquiring, or servicing, for its own account or for the account of others, loans and other extensions of credit, particularly (a) installment contracts relating to (i) the purchase of real or personal property, including without limitation, mobile homes, vacation homes, land, automobiles, trucks, recreational vehicles and equipment, or (ii) the provision of services, and (b) term loans to businesses) at 100 Federal Street, Boston, Massachusetts, through a subsidiary, FNBC Acceptance Corporation. 1 **Multibank Financial Corp., Boston, Massachusetts, 3-29-74 notification of intent to engage in a de novo activity (computerized bookkeeping, statement, payroll, billing, and accounting services for the holding company and its subsidiaries, and others) at 99 High Street, Boston, Massachusetts; Eight North Main Street, Attleboro, Massachusetts; 80 North Main Street, Fall River, Massachusetts; 99 West Street, Pittsfield, Massachusetts; Main Street, Falmouth, Massachusetts; 200 Mechanics National Tower, Worcester, Massachusetts; 130 Main Street, Northampton, Massachusetts; and 1400 Hancock Street, Quincy, Massachusetts; through a subsidiary, Multibank Computer Corporation. 1 **New England Merchants Company, Inc., Boston, Mass3-28-74 achusetts, notification of intent to engage in a de novo activity (leasing of equipment and other personal property) at 15 State Street, Boston. Massachusetts, through six subsidiary or sub-subsidiary corporations known as New England Merchants Leasing Corporation, New England Merchants Leasing Corporation A, New England Merchants Leasing Corporation B, New England Merchants Leasing Corporation C, New England Merchants Leasing Corporation D, and New England Merchants Leasing Corporation E. 3 **Fidelity Corporation of Pennsylvania, Rosemont, Penn3-25-74 sylvania, notification of intent to engage in de novo activities (making and acquiring, consumer and mortgage loans to individuals, particularly second mortgage loans; servicing these loans and possibly other loans secured by mortgages on properties in Massachusetts where the loans **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. He 2 1974 No. 13 Permitted Continued are owned by direct or indirect subsidiaries of Fidelity: and with respect to all such loans, selling credit life, credit health and accident, mortgage life and disability, accidental death and dismemberment insurance, and casualty insurance on the collateral; and through Master Life Insurance Company, an indirect subsidiary of Fidelity, reinsuring consumer type credit life, health and accident insurance sold) at 32 Union Avenue, Framingham, Massachusetts; 70 Main Street, Peabody, Massachusetts; 1388 Hancock Street, Quincy, Massachusetts; 54 Porter Street, Stoughton, Massachusetts; and 343 Main Street, Woburn, Massachusetts; through its indirect subsidiary, Local Mortgage Company of Massachusetts . 3 **Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to engage in die novo activities (selling credit life insurance in connection with the personal installment loans made pursuant to Signal Mortgage Corporation's second mortgage lending business and reinsuring such insurance through Patrick Henry Life Insurance Company, an indirect subsidiary of Philadelphia National Corporation) at Perkins Plaza, Store 5, Perkins Avenue, Sandusky, Ohio. 4 **American Bancorporation, Columbus, Ohio, notification 3-28-74 of intent to engage in a de novo activity (providing bookkeeping and data processing services for the internal operation of the bank holding company and its subsidiaries, and providing services concerning the storing and processing of other banking, financial, and related economic data such as payroll services, accounts receivable and payable services, and billing services) through its proposed wholly-owned subsidiary, American BancData Corporation, 140 East Town Street, Columbus, Ohio. Such activities would be conducted under the terms of a facilities management agreement to be entered into with Management Data Systems Company, 1641 Universal Road, Columbus, Ohio. 4 **Centran Bancshares Corporation, Cleveland, Ohio, notification of intent to engage in de novo activities (handling of consumer finance loans including loans to individuals secured by first mortgages and second mortgages on residential and personal property) for a borrower, fee, commission, or charge, purchases of installment sales contracts; and selling credit life insurance and health and accident insurance at the request of borrowers in connection with extensions of **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 3-25-74 3-24-74 H. 2 1974 No. 13 - 14 Permitted Continued credit in the Twenty one Twenty Building, 2120 14th Street, Gulfport, Mississippi, through its indirect wholly-owned subsidiary, Cumberland Financial Service, Inc. of Mississippi, Jackson, Mississippi. 3-25-74 5 **Dominion Bankshares Corporation, Roanoke, Virginia, notification of intent to engage in de novo activities (making and servicing personal loans secured by first and second mortgages; and acting as agent in the sale of credit life insurance in connection with such mortgage loans) in South Hill, Virginia, through its subsidiary, State Mortgage Corporation. 6 3-29-74 **Citizens and Southern Holding Company, Atlanta, Georgia, notification of intent to engage in a de novo activity (leasing personal property and equipment, or acting as agent, broker, or adviser in leasing of such property, where at the inception of the initial lease the expectation is that the effect of the transaction and reasonably anticipated future transactions with the same lessee as to the same property will be to compensate the lessor for not less than the lessor's full investment in the property) in Dallas, Texas, through a subsidiary, Citizens and Southern Equipment Leasing, Inc. 6 **Citizens and Southern Holding Company, Atlanta, Georgia, 3-30-74 notification of intent to engage in de novo activities (making or acquiring, for its own account or for the account of others, loans and other extensions of credit (including issuing letters of credit and accepting drafts) such as would be made by a factoring company; servicing loans and extensions of credit for any person; and leasing personal property and equipment, or acting as agent, broker, or adviser in leasing of such property, where at the inception of the initial lease the expectation is that the effect of the transaction and reasonably expected future transactions with the same lessee as to the same property will be to compensate the lessor for not less than the lessor's full investment in the property) in Tampa, Florida, through its subsidiary, Citizens and Southern Factors, Inc. 7 **The Indiana National Corporation, Indianapolis, Indiana, notification of intent to engage in a d£ novo activity (making or acquiring, for its own account and for the account of others, direct loans made pursuant to the Mortgage Loan Act (commonly referred to as second mortgage loans) Revised Code of Ohio Section (other than **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 3-30-74 n *^ 1974 No. 13 " 1c lb " Permitted Continued first lien) 1321.51 to 1321.99, inclusive; acquiring, for its own account and for the account of others, (i) direct loans in the form of consumer loans which would be made by companies subject to regulation under the Small Loan Laws or consumer loan laws of the State of Ohio and business purpose loans and other extensions of credit in the form of conditional sales contracts and retail installment sales contracts, and (ii) loans to mobile home dealers for the purpose of financing inventory) in Toledo, Ohio, through a subsidiary, Citadel Finance, Inc., Indianapolis, Indiana. 7 12 **SJV Corporation, Elkhart, Indiana, notification of intent to engage in de_novo activities (making or acquiring, for its own account or for the account of others, loans and other extensions of credit (including issuing letters of credit and accepting drafts), such as would be made, for example, by a mortgage or finance company; making loans secured by accounts receivable, inventory, and other collateral; and servicing loans and other extensions of credit for any person) in South Bend, Indiana, through a subsidiary, St. Joseph Valley Finance Corp., Elkhart, Indiana. 3-28-74 **Marine Bancorporat ion, Seattle, Washington, notification 3-24-74 of intent to engage in de novo activities (making or acquiring, for its own account or for the account of others, loans and other extensions of credit, including the making of consumer installment loans, purchasing consumer installment sales finance contracts, and making of loans to small businesses; leasing personal property and equipment, or acting as agent, broker, or adviser in leasing of such property where at the inception of the initial lease the expectation is that the effect of the transaction and reasonably anticipated future transactions with the same lessee as to the same property will be to compensate the lessor for not less than the lessor T s full investment in the property; acting as insurance agent or broker with regard to credit life and disability insurance relating only to extensions of credit by Commerce Credit Company, secured or unsecured, with the limitation that the initial amount of such insurance with respect to any debtors may at no time exceed the amount owed by such debtors) at 1101 South Winchester Boulevard, Suite G-183, San Jose, California, through its subsidiary, Commerce Credit Company. **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1974 No. 13 2 1 7 3 - 16 Reactivated **Lincoln First Banks, Inc., Rochester, New York, 3-28-74 notification of intent to engage in die novo activities (making or acquiring, for its own account or for the account of others, loans and other extensions of credit; and leasing personal property and equipment, or acting as agent, broker, or adviser in leasing of such property where at the inception of the initial lease the expectation is that the effect of the transaction and reasonably anticipated future transactions with the same lessee as to the same property will be to compensate the lessor for not less than the lessor's full investment in the property) in Buffalo, New York, through the subsidiary, Lincoln Lease/Way Inc. Returned On H.2 No. 12 (1972), the Board reported receipt of an application from Hartford National Corporation, Hartford, Connecticut, for prior approval to engage de novo in purchase-lease transactions through HNC Realty Company, Westport, Connecticut, and HNC Mortgage and Realty Investors, Springfield, Massachusetts. This application has been returned for re-submission under the provisions of the March 18, 1974, amendments to Regulation Y concerning real property leasing. On H.2 No. 45 (1971), the Board reported receipt of an application from First Chicago Corporation, Chicago, Illinois, for prior approval to engage in a de novo activity involving the leasing of real and personal property to McDonald 1 s Corporation, Chicago, Illinois, through First Chicago Leasing Corporation, Chicago, Illinois, a subsidiary. This application has been returned for re-submission under the provisions of the March 18, 1974, amendments to Regulation Y concerning real property leasing. Terminated **Fidelity Corporation of Pennsylvania, Rosemont, Pennsylvania, notification of intent to engage in de novo activities (acting as insurance agent or broker with respect to the following types of insurance: (i) any insurance for Fidelity and its direct and indirect subsidiaries, and (ii) any insurance that is directly related to an extension of credit by the direct or indirect subsidiaries of Fidelity or is directly **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 3-29-74 H. 2 1974 No. 13 -17Terminated Continued related to the provision of other financial services by any direct or indirect subsidiary of Fidelity or is otherwise sold as a matter of convenience to the purchaser with particular emphasis on the sales of life and disability insurance including joint coverage and both credit and mortgage types as well as ordinary, and accidental death and dismemberment insurance, casualty insurance on collateral securing such extensions of credit and homeowners and hazard insurance related to mortgages originated or serviced by any direct or indirect subsidiary of Fidelity) at 179 Wayward Avenue, Providence, Rhode Island, through its indirect subsidiary, Wayland Agency. The 45 day period has been terminated by the Federal Reserve Bank. * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Received **The Sperry and Hutchinson Company, New York, New York, notification of intent to acquire Tonidom Benchmark Dental Lab, Inc., New York, New York. Permitted **Midwestern Fidelity Corporation, Milford, Ohio, notification of intent to acquire Mountain Side Apartments, Inc., Birmingham, Alabama, through its whollyowned subsidiary, Land-Del Corporation, Cincinnati, Ohio. 3-29-74 **The Charter Company, Jacksonville, Florida, notification of intent to acquire an additional 28 per cent of the stock of Downe Communications, Inc., New York, New York. 3-28-74 **The Charter Company, Jacksonville, Florida, notification of intent to acquire 80 per cent or more of the common shares of Investments Information, Inc., Boston, Massachusetts. 3-30-74 **4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority. 3-28-74
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