Full text of H.2 Actions of the Board, Its Staff, and the Federal Reserve Banks; Applications and Reports Received : May 14, 1977

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[NOUNCEMENT BY

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BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1977 No. 20)
Actions of the Board; Applications and Reports
Received During the Week Ending May 14, 1977
ACTIONS OF THE BOARD
Regulation B interpretation, dealing with Federal or State
special purpose credit programs; the Board will receive
comment through June 17, 1977.
(Docket No. R-0100)
Regulation C, Home Mortgage Disclosure Act of 1975, the
Board approved continuance of the exemption it previously
granted to most New York State lenders from the disclosure
requirements of the Act.
(Docket No. R-0Q47)
Rules Regarding Delegation of Authority, revocation of
certain previous delegations, effective May 9, 1977.
Issuance of subordinated capital notes by First Trust &
Savings Bank of Kankakee, Kankakee, Illinois.
Issuance of subordinated capital notes by Saratoga State
Bank, Saratoga, Wyoming.
Jackson State Bank, Jackson, Wyoming, extension of time to
July 30, 1977, within which to issue subordinated capital
notes.
The Board denied the request of Mr. William J. Kennedy, III,
to permit his services as a member of the board of directors
of Wachovia Corporation, Winston-Salem, North Carolina;
Mr. Kennedy is presently a director of Mechanics and
Farmers Bank, Durham, North Carolina.
First Missouri Banks, Inc., Creve Coeur, Missouri, additional extension of time until August 31, 1977, to open its
de novo bank, First Missouri Bank of West County, St.
Louis County, Missouri. 1/
Mingo Bankshares, Inc., Puxico, Missouri, a proposed one
bank holding company, request for an additional extension
of time until June 14, 1977, to acquire shares of Puxico
State Bank, Puxico, Missouri. 1/

1/

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




H.2, 1977 No. 20

2

ACTIONS OF THE BOARD-Continued
Texas Commerce Bancshares. Inc., Houston, Texas, extension
of time to September 30, 1977, within which to divest of
two remaining properties which had been agreed upon. 1/
Trust Company of Georgia, Atlaitta, Georgia, extension of
time until August I, 1977, within which to acquire the
First National Bank of Albany and to September 1, 1977,
to acquire the First National Bank of Brunswick, Brunswick, Georgia. If
Termination of registration pursuant to Regulation G for
Springfield Production Credit Association, Springfield,
Tennessee. 1/
First International Bancshares, Inc., Dallas, Texas, extension of time to August 2, 1977, within which to consummate the acquisition of Beaumont State Bank, Beaumont,
Texas. V
Busksport Loan and Building Association, Bucksport, Maine,
proposed merger with Brewer Savings Bank, Brewer, Maine,
report to the Federal Deposit Insurance Corporation on
competitive factors. 1/
Citizens National Bank of Havre de Grace, Havre de Grace,
Maryland, proposed merger with Elkton Banking and Trust
Company of Mr. ry land > F.Ik ton, Maryland, report to the
Federal Deposit Insurance Corporation on competitive
factors. 1/
First. National Interim Bank of Albany, Georgia, Albany,
Georgia, proposed merger with First National Bank,
Albany, Georgia, Albany, Georgia, report to the Comptroller
of the Currency on competitive factors. 1/
Florida Coast Bank of Pompano Beach, Pompano Beach,
Florida, proposed merger with Florida Coast Bank of
Lighthouse Point, Lighthouse Point, Florida, and Florida
Coast Bank of Oceaside, Pompano Beach, Florida, report to
the Federal Deposit Insurance Corporation on competitive
factors. 1/
Lincoln Center Savings & Loan Association, Ardmore,
Oklahoma, proposed acquisition by Lincoln Bank & Trust
Company, Ardmore, Oklahoma, report to the Federal Deposit
Insurance Corporation on competitive factors. 1/
Parkway National Bank, Grand Prairie, Texas, proposed
merger with Midway National Bank of Grand Prairie, Grand
Prairie, Texas, report to the Comptroller of the Currency
m,. competitive faccors. 1/
1/ Application processed on behalf of the Board of Governors under delegated



- 3 -

R.2, 1977 No. 20

ACTIONS OF THE BOARD-Continued
To Establish a Domestic Branch Pursuant to Section
9 of: the Federal Reserve Act
Approved
American Bank of Lake Wales, Lake Wales, Florida. Branch
to be established on the East Side of U.S. Highway 27A at
the Southeast Corner of Libby Road Intersection, Babson
Park. 2/
Royal Trust Bank of Tampa, Tampa, Florida. Branch to be
established on the South Side of Fowler Avenue, 365 ft.
West of 22nd Street, in the City of Tampa. 2J
Valley Bank of Nevada, Las Vegas, Nevada. Branch to be
established on the Southwest Corner of the Intersection
of Glendale Avenue and Rock Boulevard, Sparks. Ij

*

* *

*

*

To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Approved
Citibank National Association:

Branch Tunis, Tunisa.

Citibank National Association:

Branch Victoria, Seychelles.

* * * * *

International Investments and Other Actions 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
Approved
European-American Bancorp, New York, New York: Investment
- to acquire European-American Finance (Bermuda) Limited
and Euro-Credit, S.At

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




H.2, 1977 No. 20

-4

-

ACTIONS OF THE BOARD-Continued
Morgan Guaranty International Finance Corporation: For
J.P. Morgan Overseas Capital Corporation, N.Y., to issue
obligations with maturities in excess of one year.
Crocker International Investment Corporation: Investment- establish a wholly-owned Financial Services Company
in Hong Kong.

•k ic *

it "k

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Approved
European-American Bancorp, New York, New York, for approval to acquire 100 per cent of the voting shares (less
directors' qualifying shares) of European-American Bank &
Trust Company, New York, New York,
Security Bancshares, Inc., Shenandoah, Iowa, for approval
to acquire 84.39 per cent of the voting shares of The
Security Trust and Savings Bank, Shenandoah, Iowa. 2/
Washington Bancorporation, Washington, Iowa, for approval
to acquire 80 per cent or more of the voting shares of
The National Bank of Washington, Washington, Iowa (a
proposed new bank) the successor by merger to The National Bank of Washington, Washington, Iowa and the
successor by merger to Ainsworth State Bank, Ainsworth,
Iowa.
Klossner Bancorporation, Incorporated, Klossner, Minnesota,
for approval to acquire 81.3 per cent of the voting
shares of Klossner State Bank, Klossner, Minnesota. 2/
Denied
Mahaska Investment Company, Oskaloosa, Iowa, for approval
to acquire 51.47 per cent of the voting shares of Farmers
Savings Bank, Fremont, Iowa. The Section 4(c)(8) application for permission to continue to engage directly in
the activity of leasing real property or acting as agent,
broker, or adviser in leasing such real property, and to
engage indirectly, through its wholly-owned subsidiary,
MIC Leasing Co,, Oskaloosa, Iowa, hereby becomes moot.
27

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




H.2, 1977 No. 20

- 5 ACTIONS OF THE BOABD-Continued

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Approved
Alabama Bancorporation, Birmingham, Alabama, for approval
to acquire 100 per cent of the voting shares (less directorsT qualifying shares) of the successor by merger to
The Farmers & Merchants Bank, Ashford, Alabama.
Denied
National Detroit Corporation, Detroit, Michigan, for approval to acquire 80 per cent or more of the voting
shares of The Brighton State Bank, Brighton, Michigan.

* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Delayed
Valley Bancorporation, Rexburg, Idaho, notification of
intent to engage in de novo activities (making or acquiring, for its own account or for the account of
others, loans secured by real property and related
fixtures and/or personal property and servicing such
loans for any other person, corporation, firm or legal
entity) at 110 East Main, Rexburg; 1625 Northgate Mile,
Idaho Falls; 1 Riverside P1&88, Blackfoot; 910 Yellowstone Avenue, Pocatello; 30 West Main, St. Anthony; 503
Main, Ashton; and 15 North Main, Driggs; all located in
Idaho, through its subsidiary, Mountain Mortgage Company
(5/9/77) 2/
Permitted
Mellon National Corporation, Pittsburgh, Pennsylvania,
notification of intent to relocate de_ novo activities
(making or acquiring, for its own account secured and
unsecured loans and other extensions of credit such as
would be made by a finance company which activities include making direct consumer installment loans and purchasing consumer installment sales finance contracts;
providing credit life and credit accident and health
insurance in conjunction with the above lending activities, such insurance will be provided only in connection
with extensions of credit by Local Loan Co., and its
3T

4(c)(3) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1977 Mo. 20

- 6 ACTIONS OF THE BOARD-Continued

wholly-owned subsidiaries and will be available solely at
the option of the borrower and the borrower is advised to
this option in advance) from 210 West 7th Street, Los
Angeles, California to 910-A North Brand Boulevard,
Glendale, California, through its wholly-owned subsidiary,
Local Loan Co., Chicago, Illinois (5/14/77) 3/
Merchants National Corporation, Indianapolis, Indiana,
notification of intent to relocate de novo activities
(leasing of capital goods and equipment to industry,
books, or others, or acting as agent, broker, or adviser
in leasing such personal property where at the inception
of the initial lease the effect of the transaction will
yield a return that will compensate the lessor for not
less than the lessor's full investment in the property
plus the estimated total cost of financing the property
over the term of the lease) from 3625 N. 16th Street,
Phoenix, Arizona to 7806 North 27th Avenue, Phoenix,
Arizona, through its subsidiary, Pacific American Leasing
Corp. (5/9/77) 3/
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making
and acquiring, for its own account loans and other extensions of credit such as would be made or acquired by a
finance company and servicing loans and other extensions
of credit; such activities will include, but not be limited to, making loans and other extensions of credit to
small businesses and making loans secured by personal
property; acting as agent or broker for the sale of
credit related life and credit related accident and disability insurance in connection with extensions of credit
made or acquired by FinanceAmerica Corporation; in addition, FinanceAmerica Corporation, doing business under
the fictitious name, FinanceAmerica Mortgage Services
Company, proposes to engage in the activity of making and
acquiring, for its own account loans and other extensions
of credit such as would be made or acquired by a finance
company and servicing loans and other extensions of
credit: such activities will include, but not be limited
to, making loans and other extensions of credit to small
businesses and making loans secured by real property;
acting as agent or broker for the sale of credit related
life and credit related accident and disability insurance

3/

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




H.2, 1977 No. 20

7 ACTIONS OF THE BOARD-Continued

in connection with the extensions of credit made or
acquired by FinanceAmeric.a Corporation, doing business
under the fictitious name, FinaneeAmerica Mortgage Services Company) at 6021 West Broad Street Road, Richmond,
Virginia, through its indirect subsidiary, FinanceAmerica
Corporation (a Virginia Corporation), d/b/a FinanceAmerica Mortgage Services Company, a direct subsidiary of
FinanceAmerica Corporation (5/9/77) 3/
Approved
European-American Bancorp, New York, New York, for permission to acquire all of the voting shares (except directors' qualifying shares and 130 additional shares) of
European-American Banking Corporation, New York, New
York.

* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(12) of the Bank Holding Company Act of 1956
Permitted
Warner Communications Inc., New York, New York, notification of intent to acquire Malibu Grand Prix Corp.,
Orange, California (5/9/77) 3/

3/

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




H.2, 1977 No. 20

- 6APPLICATIONS RECEIVED

To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
.
Long Island Trust Company, Garden City, New York. Branch
to be established in the Southwest Corner of Horseblock
Road and County Road 83, Farmingville, Suffolk County.
The New Waterford Bank, New Waterford, Ohio. Branch to
be established at 20 South Main Street, Columbiana,
Columbiana County.
Lake View Trust and Savings Bank, Chicago, Illinois.
Branch to be established at 538 W. Diversey Parkway,
Chicago.
First State Bank of Taos, Taos, New Mexico. Branch to
be established on Highway #68 and Camino De Santiago
(South Santa Fe Road Branch), Taos.

* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
United Banks Corporation, Hanover, New Hampshire, for approval to acquire 100 per cent of the voting shares (less
directors' qualifying shares) of the successor by merger
to Hanover Bank & Trust Company, Hanover, New Hampshire
and to acquire 100 per cent of the voting shares (less
directors 1 qualifying shares) of Lebanon Bank & Trust
Company, Lebanon, New Hampshire, a proposed new bank.
GEMA Financial Corporation, Chicago, Illinois, for approval
to acquire 80 per cent or more of the voting shares of
The Lawndale Trust and Savings Bank, Chicago, Illinois.
Norrls Bancor Ltd., Cantril, Iowa, for approval to acquire
80 per cent or more of the voting shares of State Savings
Bank, Cantril, Iowa.
Ark Valley Bankshares, Inc., La Junta, Colorado, for approval to acquire 83 per cent of the voting shares of The
La Junta State Bank, La Junta, Colorado and. to acquire 56
per cent of the voting shares of The Empire State Bank,
Rocky Ford, Colorado.




> •
H.2, 1977 No. 20

~ 9
APPLICATIONS RECEIVED-Continued

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
The Central Bancorporation, Inc., Cincinnati, Ohio, for
approval to acquire 100 per cent of the voting shares of
the successor by merger to The Central Security National
Bank of Lorain County, Lorain, Ohio.
The Central Bancorporation, Inc., Cincinnati, Ohio, for
approval to acquire 100 per cent of the voting shares of
the successor by merger to First National Bank, of Mercer
County, Celina, Ohio.
Old Kent Financial Corporation, Grand Rapids, Michigan,
for approval to acquire 100 per cent of the voting shares
(less directors 1 qualifying shares) of Old Kent Bank of
Norton Shores, N.A., Norton Shores, Michigan, a proposed
new bank.
Texas Commerce Bancshares, Inc., Houston, Texas, for approval to acquire 100 per cent of the voting shares (less
directors' qualifying shares) of Main Street National
Bank of Dallas, Dallas, Texas.

* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(5) of the Bank Holding Company Act of 1956
DETROITBANK Corporation, Detroit, Michigan, for approval
to acquire 100 per cent of the voting shares of the
successor by merger to Lake Shore Financial Corporation,
Muskegon, Michigan and to indirectly acquire Hackley
Union National Bank and Trust Company of Muskegon,
Muskegon, Michigan.

* * * * #

To Retain Bank Shares Acquired in a Fiduciary Capacity
Pursuant to Section 3 of the Bank Holding Company Act
of 1956
Texas American Bancshares Inc., Fort Worth, Texas, for approval to retain 575 share® of Riverside State Bank, Fort
Worth, Texas.




H.2, 1977 No, 20

— 10 —

APPLICATIONS RECEIVED-Continued
To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
First Bancorp of N.H., Inc., Manchester, New Hampshire,
notification of intent to engage in de novo activities
(originating, selling, and servicing both residential and
^•mmercial mortgages; originating and servicing construction loans; and as an incident to the real estate lending
activities providing advice and appraisal services for
self and others) at 156 Main Dunstable Road, Nashua, New
Hampshire, through its subsidiary, FirstBank Mortgage
Corp. (5/13/77) 3/
Industrial National Corporation, Providence, Rhode Island,
notification of intent to engage in de novo activities
(origination and sale of residential mortgages; servicing
of residential mortgage loans; and insurance agency for
any insurance directly related to an extension of credit
or provision of other financial services) at 100 Ouintard
Avenue, Suite 410, Armiston, Alabama, through its' subsidiary, Mortgage Associates, Inc. (5/9/77) 3j
Industrial National Corporation, Providence, Rhode Island,
notification of intent to relocate de novo activities
(origination and sale of residential mortgages; servicing
of residential mortgage loans; and insurance agency for
any insurance directly related to an extension of credit
or provision of other financial services) from 5335 66th
Street North, St. Petersburg, Florida to 3601 Central
Avenue, St. Petersburg, Florida, through its subsidiary,
Mortgage Associates, Inc. (5/9/77) 3/
Citicorp, New York, New York, notification of intent to
engage in de novo activities (making loans for the account of others such as one-to-four family unit mortgage
loans) at 5567 D Memorial Drive, Stone Moutitain, Georgia,
2096 N, Decatur Plaza, Decatur, Georgia, 4471" Jbne'sboro
Road, Forest Park, Georgia, 3355 Lenox Road NvEvf'' Atlanta,
Georgia, 204 Spring Street, Macon, Georgia; and 5067
Austell Road, Austell, Georgia, through its'subsidiary,
Nationwide Financial Corporation of Georgia (5/10/77) 3/

37

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




H.2, 1977 No. 20

—

11

—

APPLICATIONS RECEIVED-Continued
Citicorp, New York, New York, notification of intent to
engage in de novo activities (making loans for the account of others such as one-to-four family unit mortgage
loans) at 314 Gold S.W., Albuquerque, New Mexico, 3416
Central Avenue, S,E., Albuquerque, New Mexico, 2203
Central Avenue, N.W., Albuquerque, New Mexico, 1501
Eubank Boulevard, N.E., Albuquerque, New Mexico, 3601 San
Mateo, N.E., Albuquerque, New Mexico, 10701 Lomas Boule. vard, N.E., Suite 106, Albuquerque, New Mexico, and 3157
Cerrillos Road, Santa Fe, New Mexico, through its subsidiary , Nationwide Financial Corporation of New Mexico
(5/10/77) 2/
Citicorp, New York, New York, notification of intent to
engage in de novo activities (making loans for the ac. c o u n t of others such as one-to-four family unit mortgage
. loans) at 2702 N.E. Broadway, Portland, Oregon, 4240 N.E.
, 122nd Street, Portland, Oregon, 1543 Hawthorne Avenue,
? - N.E., Salem, Oregon, 615 S.W. Park Avenue, Portland,
Oregon,; 939 River Road, Eugene, Oregon, and 10615 S.E.
Cherry Blossom Drive, Portland, Oregon, through its
subsidiary, Nationwide Financial Corporation of Oregon
r r (5/1P/77) 3/
,r: Bank of Virginia Company, Richmond, Virginia, notification
of intent to relocate de novo activities (making loans or
extensions of credit such as would be made by a finance
company; and acting as agent for credit life/accident and
health insurance and other insurance written to protect
collateral during the period of credit extension) from
2920 West Broad Street, Richmond, Virginia to 4509 West
Broad Street, Richmond, Virginia, through its indirect
subsidiary, The Budget Plan Company of Virginia (5/13/77)
... 3/ v• :
;
•
; Barnett Banks of Florida, Inc., Jacksonville, Florida, noti. (-r; fixation of intent to engage in cte novo activities (performing or carrying on any one or more of the functions
or activities that may be. performed or carried on* by a
trust company, including activities of a fiduciary,
•
agency or custodial nature in the manner authorized by
Federal and State law; provided however, that loans and
investments will be made and deposits accepted only in
conformity with Regulations of the Board of Governors of
the Federal Reserve System) at 1001 East Atlantic Avenue,
Delray Beach, Florida, through a subsidiary, Barnett
Banks Trust Company, N.A. (5/12/77) 3/
37

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




•
H.2, 1977 No. 20

•
- 12 -

APPLICATIONS RECEIVED-Continued
Barnett Banks of Florida, Inc., Jacksonville, Florida, notification of intent to engage in de novo activities
(performing or carrying on any one or more of the functions or activities that may be performed or carried on
by a trust company, including activities of a fiduciary,
agency or custodial nature in the manner authorized by
Federal and State law; provided however, that loans and
investments will be made and deposits accepted only in
conformity with Regulations of the Board of Governors of
the Federal Reserve System) at 11 Fifth Street, Southwest, Winter Haven, Florida, through a subsidiary,
Barnett Banks Trust Company, N.A. (5/13/77) 3J
American Fletcher Corporation, Indianapolis, Indiana; notification of intent to relocate de novo activities (the
making of loans and extending of credit, and providing
services incident to such loans and extensions of credit
such as would be made or provided by a finance company
including, but not limited to, making consumer installment loans, purchasing installment sales finance contracts, extending credit secured by real or personal
property; and acting as agent or broker for the sale of
credit related life insurance in connection with euch
financing activities) from 209 East Liberty Street, Ann
Arbor, Michigan to 2261 West Liberty Street, Ann Arbor,
Michigan, through its subsidiary, Local Finance Corporation (5/9/77) 3/
Merchants National Corporation, Indianapolis, Indiana, notification of intent to relocate de novo activities (leasing of capital goods and equipment to industry, banks, or
others or acting as agent, broker, or adviser in leasing
such personal property where at the inception of the
initial lease the effect of the transaction wlllr yield a
return that will compensate the lessor for not less than
the lessor's full investment in the property plus the
estimated total cost of financing the property over the
term of the lease) from 3110 S. Wadsworth, Denver,
Colorado to East 47th Street, Denver, Colorado, through
its indirect subsidiarv, Circle Leasing of Colorado Corp,
(5/3/77) 3/

3/

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




H.2, 1977 No. 20

-13APPLICATIONS RECEIVED-Continued

BankAmerica Corporation, Sari Francisco, California, notification cf Intent to engage in de_ novo activities (making or acquiring, for its own account loans and other
extensions of credit such as would be made or acquired by
a finance company and servicing loans and other extensions
of credit; such activities will include, but not be
limited to, making consumer installment loans, purchasing
installment sales finance contracts, making loans and
other extensions of credit to small businesses, and
making loans secured by real and personal property;
acting as agent or broker for the sale of credit related
life and credit related accident and disability insurance
in connection with extensions of credit made or acquired
by FinaneeAmerica Corporation) at Turnpike Tower Office
Building, 7475 Dakin Street, Denver, Colorado, through
its subsidiary, FinanceAmerica Corporation (a Colorado
Corporation) (5/4/77) 37
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making or acquiring, for its own account loans and other
extensions of credit such as would be made or acquired by
an industrial loan company and servicing loans and other
extensions of credit; such activities will include, but
not be limited to, making consumer installment loans,
purchasing installment sales finance contracts * making
loans and other extensions of credit to small businesses,
making loans secured by personal property, issuing certificates of indebtedness under the authority of the Minnesota
Industrial Loan and Thrift Company Act; acting as agent
or broker for the sale of credit related life and credit
related accident and disability insurance in connection
with extensions of credit made or acquired by FinanceAmerica Plan, Inc.) at 413 South Broadway, Rochester,
Minnesota, through its subsidiary, FinanceAmerica 1?Ian,
Inc. (5/5/77) 3/
BankAmerica Corporation, San Francisco, California* notification of intent to engage in de novo activities (making or acquiring, for its own account loans and other
extensions of credit such as would be made or acquired by
an industrial loan company and servicing loans and other
extensions of credit; such activities will include, but
not be limited to, making consumer Installment loans,
purchasing installment sales finance contracts, making '
loans nnd other extensions of credit to small businesses»•
making loans secured by personal property, issuing certifs r

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




H.2, 1977 No. 20

« 14 APPLICATIONS RECEIVED-Continued

icates of indebtedness under the authority of the
Minnesota Industrial Loan and Thrift Company Act; acting
as agent or broker for the sale of credit related life
and credit related accident and disability insurance in
connection with extensions of credit made or acquired by
FinanceAmerica Plan, Inc..) at 200 Woolworth Building, St.
Cloud, Minnesota, through its subsidiary, FinanceAmerica
Plan, Inc. (5/5/77) 3/
BankAmeric.a Corporation, San Francisco, California, notification of intent to engage in de novo activities (making or acquiring, for its own account loans and other
extensions of credit such as would be made or acquired by
an industrial loan company and servicing loans and other
extensions of credit; such activities will include, but
not be limited to, making consumer installment loans,
purchasing installment sales finance contracts, making
loans and other extensions of credit to small businesses,
making loans secured by personal property, issuing certificates of indebtedness under the authority of the
Minnesota Industrial Loan and Thrift Company Act; acting
as agent or broker for the sale, of credit related life
and credit related accident and disability insurance in
connection with extensions of credit made or acquired by
FinanceAmerica Plan, Inc.) at 108 Oakland Avenue, West,
Austin, Minnesota, through its subsidiary, FinanceAmerica
Plan, Inc. (5/5/77) 3/

* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(12) of the Bank Holding Company Act of 1956
The Sperry and Hutchinson Co., New York, New York, notification of intent to acquire Harlan, Incorporated, Houston,
Texas (5/10/77) 3/

3/

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




H/2, 1977

15

20

Rj'PORTS RECEIVED
(

ft",I Report Filed Pursuant: to Section 13 of Che
AcL

Metropolitan Bank^ Tamps, Florida.
The Sylvania Savings Bank Company, Sylvania, Ohio,
Unlced California Bank, Los Armeies. California.

* * * * *

PETITIONS FOR RULEMAKING
None.