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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1980 No. 18) Actions of the Board; Applications and Reports Received During the Week Ending May 2, 1980 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Statement by Chairman Paul A. Volcker before the House Committee on Government Operations and the Senate Committee on Agriculture, Nutrition and Forestry, with respect to assessing the financial repercussions of recent silver market speculation. Statement by Governor Nancy H. Teeters before the Senate Banking Committee on the proposed privacy legislation, S. 1928, which the Board must oppose in its present form. The Board requested comment on proposals to change Federal Reserve wire transfer operating hours. Regulation Z revisions; the Board issued a draft revision of its Regulation Z, which implements the Truth in Lending Act, and asked for comment on the proposed streamlined and simplified regulation through July 31, 1980. Regulation K revisions, nonbanking activities of foreign bank holding companies and foreign banks; the Board requested comment by June 30,1980 (Docket No. R-0291) Regulation K, proposed rules concerning the types of international investments that may be made by member banks, Edge and Agreement Corporations and bank holding companies; the Board requested comment through June 16, 1980 (Docket No. R-0290) New York 17 Societe Generale, Paris, France, extension of time of one year within which to divest its interest in Hudson Securities, Inc., New York, New York. 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2 1980 No. 18 2 - ACTION OF THE BOARD-Continued San Francisco First Security Corporation, Salt Lake City, Utah, extension of time to July 30, 1980, within which to acquire First Security Bank of St. George, N.A., St. George, Utah, a proposed new bank. 1/ Dallas GAB Company, Dallas, Texas, extension of time to July 29, 1980, within which to consummate the acquisition of Grand Avenue Bank, Dallas, Texas. V Dallas Summit Bancshares, Inc., Fort Worth, Texas, extension of time to August 12, 1980, within which to consummate the acquisition of Summit National Bank, Fort Worth, Texas. 1/ St. Louis English State Bank, English, Indiana, additional investment in bank premises. V Minneapolis Peoples State Bank, Three Lakes, Wisconsin, investment in bank premises. 1/ New York Bankers Trust Company, New York, New York, extension of time within which to establish a branch in the British Crown of Hong Kong. 1/ New York Barclays Bank of New York, New York, New York, extension of time within which to acquire 31 long Island and Queens branches of Bankers Trust Company, New York New York. V Chicago Wayne Bank and Trust Co., Cambridge City, Indiana, extension of time to May 30, 1 Q 90, within which to establish a branch at 1100 Chester Boulevard, Spring Grove, Indiana. 1/ Kansas City Citizens Bank of Laramie, Laramie, Wyoming, a proposed new bank, extension of time to July 16, 1980, within which it may complete its application for membership in the Federal Reserve System. 1/ St. Louis State Bank of Lima, Lima, Illinois, extension of time to June 14, 1980 to complete the sale of subordinated capital notes to the public. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2 1980 No. 18 - 3 ACTIONS OF THE BOARD-Continued Boston Amherst Bank and Trust Company, Amherst, New Hampshire, proposed merger with Amoskeag National Bank and Trust Company, Manchester, New Hampshire, report to the Comptroller of the Currency on competitive factors. 1/ Philadelphia Farmers National Bank and Trust Company, Millheira, Pennsylvania, proposed merger with the Community Bank, Port Matilda, Pennsylvania, under the newly issued charter and title of Farmers Community Bank; report to the Comptroller of the Currency on competitive factors. V New York First Jersey National Bank, Jersey City, New Jersey, proposal to merge Home State Bank, Teaneck, New Jersey; report to the Comptroller of the Currency on competitive factors. V Philadelphia Marine National Bank of Wildwood, Wildwood, New Jersey, proposed merger with Horizon Marine National Bank, Wildwood, New Jersey; report to the Comptroller of the Currency on competitive factors. 1/ Boston U.S. Trust Company, Milton, Massachusetts, proposed merger with Neponset Valley Bank and Trust Company, Canton, Massachusetts; report to the Federal Deposit Insurance Corporation on competitive factors. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2 1980 No. 18 - 4 ACTION OF THE BOARD- Continued To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Philadelphia Richmond Approved Girard Bank, Bala Cynwyd, Pennsylvania. To establish an offsite electronic facility at 867 West Lancaster Avenue, Bryn Mawr, Pennsylvania. 1^ & 2/ Colonial State Bank, Inc., Marion, South Carolina. Branch to be established at 110 West Mclntyre Street, Mullins, South Carolina. 1/ & 2/ * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Chicago Approved Fayette Bancorporation, Hawkeye, Iowa, for approval to acquire 88.2 percent of the voting shares of Citizens Savings Bank, Hawkeye, Iowa. 1 & 2/ Minneapolis American Bancshares - Red River, Inc., Coushatta, Louisiana, for approval to acquire 51.6 per cent of the voting shares of American Bank & Trust Company, Coushatta, Louisiana. 1/ & 2/ Kansas City Central Bancorp., Central City, Nebraska, for approval to acquire not less than 90 per cent of the voting shares of Central Bank, Central City, Nebraska. 1/ & 2/ Kansas City Chatham Bancshares, Inc., Kansas City, Missouri, for approval to acquire Keytesville Bancshares, Inc., Brookfield, Missouri, and indirectly acquire 100 per cent of the voting shares of First Security Bank of Brookfield, Brookfield, Missouri, 97.95 per cent of the voting shares of Thorton Bank, Nevada, Missouri and 87.12 per cent of the voting shares of Bank of Keytesville, Keytesville, Missouri. 1/ & 2/ 1/ 2/ Application processed on behalf of the Board of Governors under delegated authority. Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2 1980 No. 18 - 5 ACTIONS OF THE BOARD-Continued Kansas City Converse County Capital Corporation, Douglas, Wyoming, for approval to acquire 80 per cent or more (less directors' qualifying shares) of the voting shares of The Converse County Bank, Douglas, Wyoming. 1/ & 2/ Kansas City First Security Bancshares, Inc., Brookfield, Missouri, for approval to acquire 100 per cent of the voting shares of First Security Bank of Brookfield, Brookfield, Missouri. 1/ & 2/ Kansas City Nevada Bancshares, Inc., Nevada, Missouri, for approval to acquire 97.5 per cent of the voting shares of Thorton Bank, Nevada, Missouri. 1/ & 2J Dallas First University Corporation, Houston, Texas, for approval to acquire 80 per cent (less directors' qualifying shares) of the voting shares of First National Bank of West University Place (P.O. Houston) West University Place, Texas. 1/ & 2/ Dallas Caldwell Bancshares, Inc., Caldwell, Texas, for approval to acquire 80 per cent or more of the voting shares of First State Bank in Caldwell, Caldwell, Texas * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Minneapolis 1/ 2/ Approved Chisago Holding Company, Chisago City, Minnesota, for approval to acquire 51.6 per cent of the voting shares of Tri-County National Bank, Forest Lake, Minnesota, a proposed new bank. V & 2/ Application processed on behalf of the Board of Governors under delegated authority. Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. http://fraser.stlouisfed.org/ I Louis Federal Reserve Bank of St. I H.2 1980 No. 18 — 6 — ACTIONS OF THE BOARD-Continued To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Richmond Boston Boston New York 1/ 3/ Approved Southern Bancorporation, Inc., Greenville, South Carolina, for approval to acquire the assets of Citizens Finance Service, Moultrie, Georgia. 1/ Delayed Multibank Financial Corp., Quincy, Massachusetts, notification of intent to engage in cle novo activities (to engage in item processing services for customers of affiliated banks; these activities, which include demand deposit accounting, installment loan accounting and time deposit accounting, would be conducted from an exisiting office in Auburn, Massachusetts, servicing customers located throughout Massachusetts, Rhode Island, northern Connecticut, eastern New York, southern New Hampshire and southern Vermont) at 11 Midstate Drive, Auburn, Massachusetts, through its direct subsidiary, Multibank Computer Corp. (4/30/80) 3/ Multibank Financial Corp., Quincy, Massachusetts, notification of intent to engage in jde novo activities (to engage in processing bank related financial data; this activity would be conducted from an exisitng office in Auburn, Massachusetts and would be performed for a single company located in Massachusetts) at 11 Midstate Drive, Auburn, Massachusetts, through its direct subsidiary, Multibank Computer Corp. (4/30/80) 3/ Permitted Citicorp, New York, New York, notification of intent to engage in jie^ novo activities (making or acquiring loans and other extensions of credit, secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory (floor planning) and working capital purposes; purchasing for its own account and servicing sales finance contracts; and acting as agent for the sale of credit life, and credit accident and health insurance directly related to extensions of credit) at Center Application processed on behalf of the Board of Governors under delegated authority. 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1980 No. 18 - 7 ACTION OF THE BOARD-Continued Point Office Building, 4000 N. State Rd. 7, Ft. Lauderdale, Florida; Dale Mabry Executive Center, 3725 Grace Street, West, Suite 100, Tampa, Florida; and 124 East Colonial Drive, Orlando, Florida, through its subsidiary, Citicorp Person-to-Person Financial Center of Florida, Inc. (5/3/80) V Cleveland Mellon National Corporation, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activities (general consumer finance activities including acting as insurance agent with respect to the sale of credit life insurance, credit accident and health insurance, and credit property insurance) at 4708 South Florida Avenue, Lakeland, Florida and 2564 Sunset Point Road, Clearwater, Florida, through its subsidiary, Freedom Financial Services Corporation (4/29/80) 3/ Atlanta Barnett Banks of Florida, Inc., Jacksonville, Florida, notification of intent to engage in de novo activities (offering check verification services, including authorizing subscribing merchants to accept certain personal purchase money checks and obligating Verifications to purchase properly verified checks which are subsequently dishonored) at 4160 Woodcock Drive, Jacksonville, Florida, to be offered throughout North Carolina and South Carolina, through its subsidiary, Verifications, Inc. (4/29/80) 3J Dallas Texas Commerce Bancshares, Inc., Houston, Texas, notification of intent to engage in de novo activities (to engage in lending activities) Wilmington, Delaware, through Its whollyowned subsidiary, Texas Commerce Funding Company (4/28/80) 3/ Dallas Texas Commerce Bancshares, Inc., Houston, Texas, notification of intent to engage in de novo activities (to engage in lending activities) Wilmington, Delaware (4/28/80) 3/ San Francisco Imperial Bancorp, Inglewood, California, notification of intent to engage in de novo activities (to engage in personal property broker, commercial credit and finance company activities) at One Town Center Drive, Costa Mesa, California and 3200 Wilshire Boulevard, Los Angeles, California, through its subsidiary, Imperial Credit Corporation (4/28/80) 3/ 3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1980 No. 18 — 8 — ACTION OF THE BOARD-Continued San Francisco 37 Security Pacific Corporation, Los Angeles, California, notification of intent to engage in de novo activities (to engage in lending activities) in San Francisco, Pasadena, and San Diego, California, and Dallas, Texas, through its subsidiary, Security Pacific Finance Corp. (5/2/80) 3j 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1980 No. 18 - 9 APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Chicago Security Bank of Richmond, Richmond, Michigan. To establish an out-of-town branch in the vicinity of Hall Road (M-59) and Romeo Plank Road, Macomb Township, Macomb County, Michigan. 2/ San Francisco The Continental Bank and Trust Company, Salt Lake City, Utah. Branch to be established at 9000 South 1700 West, Salt Lake City, Utah. 2/ * * * * * To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Chicago Springfield Marine Bank, Springfield, Illinois, to merge with SM Bank, Springfield, Illinois. 2/ * * * * * To Organize, or Invest in, a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 25 or 25(a) of the Federal Reserve Act Chicago 2/ Continental Illinois National Bank and Trust Company of Chicago, Chicago, Illinois: requests consent to reorganize its banking Edge corporation by establishing a new banking Edge corporation in Chicago to assume the assets and liabilities and capital of four existing Edges in New York, Miami, Houston and Los Angeles and to establish branches in those cities. Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2 1980 No. 18 - 10 - APPLICATION RECEIVED-Continued Applications and Notifications for 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 New York IDB Bankholding Corporation, Israel Discount Bank Limited, Israel Investment and Finance Corporation Limited, Israel Financial Holdings Limited, Gov Financial Holding Limited and Naftali Financial Holdings Limited, all of Tel-Aviv, Israel to retain direct and indirect interests in PEC Israel Economics Corporation, New York, New York. * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 New York IDB Bankholding Corporation, Israel Discount Bank Limited, Israel Investment and Finance Corporation Limited, Israel Financial Holdings Limited, Gov Financial Holding Limited and Naftali Financial Holdings Limited, all of Tel-Aviv, Israel, for aproval to acquire Israel Discount Trust Company, New York, New York. 2/ Chicago Marine Bancorp, Inc., Springfield, Illinois, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of the successor by merger to Springfield Marine Bank, Springfield, Illinois. 2/ Chicago Waytru Bancorp., Cambridge City, Indiana, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of Wayne Bank and Trust Co., Cambridge City, Indiana. 2J Chicago WORTH BANCORP., INC., Chicago, Illinois, for approval to acquire 80 per cent or more of the voting shares of Worth Bank and Trust, Worth, Illinois. 2] St. Louis Carbondale Bancshares, Inc., Carbondale, Illinois, for approval to acquire 80 per cent of the voting shares of MidAraerica Bank and Trust Company of Carbondale, Carbondale, Illinois. 2/ St. Louis First Paris Holding Company, Paris, Arkansas, for approval to acquire 86.25 per cent of the voting shares of The First National Bank at Paris, Paris, Arkansas. 2/ 2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2 1980 No. 18 - 11 APPLICATION RECEIVED-Contlnued Kansas City Tecumseh F & M Bancorp, Inc., Tecumseh, Oklahoma, for approval to acquire 80 per cent of the voting shares of The Farmers and Merchants Bank, Tecumseh, Oklahoma. 2/ Dallas NorthPark National Corporation, Dallas, Texas, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of Northpark National Bank of Dallas, Dallas, Texas. 1} Dallas Nasher Financial Corporation, Dallas, Texas, for approval to acquire NorthPark National Corporation, Dallas, Texas and thereby indirectly acquire 44.58 per cent of the voting shares (less directors' qualifying shares) of Northpark National Bank of Dallas, Dallas, Texas. 2/ San Francisco Capital Bancorp, Salt Lake City, Utah, for approval to acquire 80 per cent or more of the voting shares (less directors' qualifying shares) of Capital City Bank, South Salt Lake City, Utah. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Chicago Hawkeye Bancorporation, Des Moines, Iowa, for approval to acquire 100 per cent of the voting shares of Sibley Bancorportion, Sibley, Iowa and thereby indirectly acquire 94 per cent and directly acquire 6 per cent of the voting shares of The First National Bank of Sibley, Sibley, Iowa. If St. Louis Central Bancompany, Jefferson City, Missouri, for approval to acquire at least 74 2/3 per cent of the voting shares of Empire Bank, Springfield, Missouri. If Dallas First City Bancorporation of Texas, Inc., Houston, Texas, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of The First National Bank of Madisonville, Madisonville, Texas. 2/ 2? Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2 1980 No. 18 - 12 APPLICATION RECEIVED-Continued Dallas Republic of Texas Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares (less directors' qualifying shares) of The Citizens National Bank of Waco, Waco, Texas, 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 New York Citicorp, New York, New York, notification of intent to engage in de novo activities (to engage in making direct loans to consumers, secured and unsecured, and in the sale of credit-life and credit-accident and health insurance in connection with such direct lending activities) at 7720 York Road, Towson, Maryland and two additional limited purpose offices at Eastpoint Mall, Eastern Avenue and North Point Boulevard, Baltimore, Maryland and Prince Georges Plaza, 3500 East-West Highway, Hyattsville, Maryland, which will provide customer service, account adjustment and application acceptance functions in connection with these proposed new activities, and also in connectin with the present activities of Citicorp Financial, Inc. relating to the purchase and servicing, for its own account or the account of others, of credit card accounts receivable through a subsidiary, Citicorp Financial Inc. (4/30/80) 3/ New York Republic New York Corporation, New York, New York, notification of intent to engage in die novo activities (under continuing contractual arrangements: purchase from manufacturers, dealers and, merchants, accounts receivable, contract rights, chattel paper, documents and general intangibles, together with the proceeds thereof, and assuming credit risks arising from approved shipments of goods, commonly known as factoring: commercial financing secured by inventory, accounts receivable, and other assets; servicing of the foregoing credit extension arrangement) at 335 Lexington Avenue, New York, New York and 1605 West Olympic Boulevard, Los Angeles, California, through its subsidiary, Republic New York International Factors Corp. (4/29/80) V 2/ 3/ Application subject of Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. I H.2 1980 No. 18 -13APPLICATION RECEIVED-Contlnued Philadelphia First Pennsylvania Corporation, Philadelphia, Pennsylvania» for approval to retain at least 885 shares of the voting shares of Pennamco, Inc., Bala Cynwyd, Pennsylvania. Philadelphia Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to engage in d£ novo activities (making installment loans secured by real and personal property, purchasing sales finance contracts, selling individual and joint credit life insurance, credit accident and health insurance and property damage (casualty) insurance on collateral in connection with certain installment loans made and sales finance contracts purchased and reinsuring such life insurance and accident and health insurance through Patrick Henry Life Insurance Company and Patrick Henry Insurance Company, indirect subsidiaries of Philadelphia National Corporation; and generally acting as a personal property broker as permitted by the California Personal Property Brokers Law) at Rodeo Plaza Shopping Center, East Shaw Avenue, Clovis, California, through its subsidiary, Signal Finance of California, Inc. (5/3/80) 3/ Chicago WORTH BANCORP., INC., Chicago, Illinois, for approval to engage in insurance activities through a de novo subsidiary, Worbank Insurance Agency, Inc., Worth, Illinois. Kansas City Blue Hill Agency, Inc., Blue Hill, Nebraska, for approval to retain general insurance agency activities in a community of less than 5,000. Kansas City Farm and Home Insurance Agency, Inc., Lyons, Nebraska, for approval to retain general insurance agency activities by Farm & Home Insurance and also retain assets of Pounds Insurance Agency. Kansas City First Midwest Bancorp, Inc., St. Joseph, Missouri, notification of intent to engage in de novo activities (to engage in all aspects of the business of agicultural finance, including the making and servicing of loans to individuals, partnerships, corporations and other business entities, the proceeds of which are to be used for the purpose of engaging in the production of livestock and other agricultural activities) at Fourth and Felix Streets, St. Joseph, Missouri, through its subsidiary, First Agcorp, Inc. (4/30/80) 3/ 3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1980 No. 18 -14APPLICATION RECEIVED-ContInued Kansas City Header Insurance Agency, Inc., Waverly, Kansas, for approval to retain general insurance agency activities. Kansas City Niobrara Investment Company, Niobrara, Nebraska, notification of intent to engage in de novo activities (to engage in general insurance activities) at an office in Niobrara, Nebraska. (4/28/80) 3/ Kansas City Summit Buena Vista Agency, Inc., Buena Vista, Colorado, notification of intent to engage in de novo activities (to engage in the sale of general insurance!™™at an office in Buena Vista, Colorado (5/2/80) 3/ Kansas City Western Bancshares, Inc., Stockton, Kansas, for approval to retain its general insurance agency activities with Woodston Agency, Woodston, Kansas. Dallas Republic of Texas Corporation, Dallas, Texas, for approval to retain 100 per cent of the voting shares of Republic Exchange Company, Dallas, Texas. Dallas CORRECTION: The notice for Texas Commerce Bancshares, Inc., Houston, Texas to engage in de novo activities through a subsidiary, Texas Commerce Funding Company in Wilmington, Delaware which was listed as Received on H.2 No. 11 should have also included the Holding Company engaging directly in the activity in Wilmington, Delaware (3/14/80) 3/ San Francisco Commercial Security Bancorportion, Ogden Utah, notification of intent to engage in de novo activities (to engage in lending activities) in Ogden, Utah. (4/28/80) 3/ San Francisco Security Pacific Corporation, Los Angeles, California, notification of intent to engage in de novo activities (to engage in certain trust company activities and storing and processing of financial data) at 1780 Century Circle, Suite 4, Atlanta Georgia, through its subsidiary, Loan Closing Services, Inc. (5/2/80) 3/ San Francisco Wells Fargo & Company, San Francisco, California, notification of intent to engage in de novo activities (to engage in lending, loan servicing, and credit-related insurance activities) in Bend, Oregon, through its subsidiary, Wells Fargo Mortgage Company (5/2/80) 3/ 3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1980 No. 18 — 15 — APPLICATION RECETVED-Continued To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 New York Warner Communications Inc., New York, New York, notification of intent to acquire The Samuel Goldwyn Studios from the Motion Picture and Televison Fund. (4/28/80) 3/ Chicago Berkshire Hathaway Inc., New Bedford, Massachusetts, and nonbanking subsidiaries, notification of intent to acquire more than 5 percent of the outstanding voting stock of CSE Corporation, San Francisco, California. (4/30/80) 2/ Chicago Berkshire Hathaway Inc., New Bedford, Massachusetts, and nonbanking subsidiaries, notification of intent to acquire more than 5 per cent of the outstanding voting stock of Carolina Casualty Insurance Company, Jacksonville, Florida. (4/30/80) 3/ * * * * * REPORTS RECEIVED Registration Satement Filed Pursuant to Section 12(g) of the Securities Exchange Act The Bank of Vienna, Vienna, Virginia. The Bank of West Point, West Point, Virginia. The Roscommon State Bank, Roscommon, Michigan. * * * * * Current Report Filed Pursuant to Section 13 of the Securities Exchange Act Citizens Commercial & Savings Bank, Flint, Michigan. 37 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. .2 1980 No. 18 - 16 AFFLICTION RECEVIED-Contlnued Ownership Report Filed Pursuant to Section 13 of the Securities Exchange Act The Independent Bank and Trust Company, West Trenton, New Jersey (Filed by Robert David Carr) Valley Bank of Nevada, Las Vegas, Nevada (Filed by Jerome D, Mack and E, Parry Thomas) * * * * * PETITIONS FOR RULEMAKING None.
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