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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( H . 2 , 1981 No. 1 8 ) A c t i o n s of t h e B o a r d ; A p p l i c a t i o n s and R e p o r t s R e c e i v e d D u r i n g t h e Week Ending May 2 , APPLICABLE RESERVE BANK 1981 ACTIONS OF THE BOARD S t a t e m e n t o f V i c e Chairman F r e d e r i c k H. S c h u l t z b e f o r e t h e S e n a t e C o m m i t t e e on B a n k i n g , H o u s i n g and Urban A f f a i r s to present the Board's views concerning enacted s t a t u e s a f f e c t i n g t h e ba nki n g i n d u s t r y . S t a t e m e n t by Governor Nancy H. T e e t e r s b e f o r e t h e S u b c o m m i t t e e on Economic S t a b i l i z a t i o n of t h e House Banking Committee to p r e s e n t t h e B o a r d ' s v i e w s on t h e b u d g e t i n g and c o n t r o l o f federally assisted credit. R e p o r t on p r o p o s e d b i l l H.R. 2 3 7 2 , t o amend t h e C o n g r e s s i o n a l Budget Act to e s t a b l i s h p r o c e d u r e s for b u d g e t a r y c o n t r o l of f e d e r a l c r e d i t programs; l e t t e r s e n t to Honorable Jack B r o o k s , Chairman of t h e House Committee on Government O p e r a t i o n s . Policy statement: Prohibiting employees, o f f i c e r s , d i r e c t o r s ; o r o t h e r s a s s o c i a t e d with a S t a t e member bank from p r o f i t i n g p e r s o n a l l y from t h e s a l e of l i f e i n s u r a n c e i n c o n n e c t i o n w i t h l o a n s made by t h e bank. R e g u l a t i o n J , p r o p o s e d amendments t h a t g o v e r n the c o l l e c t i o n of c h e c k s and o t h e r i t e m s by R e s e r v e B a n k s , i n o r d e r to implement t h e M o n e t a r y C o n t r o l a c t of 1980 and f o r o t h e r p u r p o s e s : comment s must be r e c e i v e d by June 1 9 , 1 9 8 1 . ( D o c k e t No. R - 0 3 5 7 ) S t a f f a p p o i n t m e n t s in the D i v i s i o n of Data P r o c e s s i n g : Neal H. H i l l e r m a n , A s s i s t a n t D i r e c t o r W i l l i a m C. S c h l e i c h e r , J r , A s s i s t a n t D i r e c t o r ; Bruce M B e a r d s l e y , D e p u t y D i r e c t o r ; and U l y e s s D. B l a c k , A s s o c i a t e D i r e c t o r . New York C i t i c o r p , New York, New York, e x t e n s i o n of time to December 3 1 , 1981, w i t h i n vtoich to c o n t i n u e t o h o l d 1 0 , 0 0 0 s h a r e s of p r e f e r r e d s t o c k o f the Standard L i f e and A c c i d e n t I n s u r a n c e Comp a n y , Oklahoma C i t y , Oklahoma. 1/ Atlanta F i n a n c i a l Growth S y s t e m s I n c o r p o r a t e d , I n v e r n e s s , F l o r i d a , e x t e n s i o n of t i m e t o June 3 0 , 1981, w i t h i n v*iich t o f u l f i l l t h e commitments made in c o n n e c t i o n w i t h i t s a p p l i c a t i o n to become a bank h o l d i n g company t h r o u g h a c q u i s i t i o n o f C i t i z e n s F i r s t N a t i o n a l Bank o f C i t r u s C o u n t y , I n v e r n e s s ; C i t i z e n s F i r s t N a t i o n a l Bank o f C r y s t a l R i v e r and Lake County Bank, L e e s b u r g F l o r i d a . 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 authority. the Board of Governors under d e l e g a t e d H.2, 1 9 8 1 No. 18 - 2 ACTIONS OF THE BOARD-Continued Dallas F i r s t of A u s t i n B a n c s h a r e s , I n c . , A u s t i n , T e x a s , e x t e n s i o n of t i m e t o May 3 0 , 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 W e s t e r n N a t i o n a l Bank, A u s t i n , T e x a s . 1 / Dallas F i r s t C i t y B a n c o r p o r a t ion o f T e x a s , I n c . , H o u s t o n , T e x a s , e x t e n s i o n of time to May 2 6 , 1 9 8 1 , w i t h i n w h i c h to consummate the a c q u i s i t i o n of V a l l e y View Bank, D a l l a s , T e x a s . \J Dallas F i r s t C i t y B a n c o r p o r a t i o n of T e x a s , I n c . , H o u s t o n , T e x a s , e x t e n s i o n of t i m e t o May 2 9 , 1 9 8 1 , w i t h i n v h i c h to c o n s u m a n t e t h e A c q u i s i t i o n of The Bank o f S o u t h of S o u t h T e x a s , A l i c e , T e x a s . JL/ Atlanta F i r s t N a t i o n a l Bank o f Palm B e a c h , I n c o r p o r a t e d , Palm B e a c h , F l o r i d a , e x t e n s i o n of t i m e t o August 3 0 , 1981, w i t h i n vfaich t o become a Bank H o l d i n g Company t h r o u g h a c q u i s i t i o n of F i r s t N a t i o n a l Bank i n Palm B e a c h , Palm B e a c h , F l o r i d a . JL/ St. Louis F i r s t S t a t e B a n c o r p o r a t i o n , T i p t o n v i l l e , T e n n e s s e e , e x t e n s i o n of t i m e t o J u l y 13, 1981, w i t h i n which t o become a bank h o l d i n g company t h r o u g h t h e a c q u i s i t i o n of F i r s t S t a t e Bank and T r u s t Company, T i p t o n v i l l e , T e n n e s s e e . JV St. Louis M e r c a n t i l e B a n c o r p o r a t i o n I n c . , S t . L o u i s , M i s s o u r i , e x t e n s i o n of t i m e t o March 1 1 , 1981, w i t h i n vfaich t o o p e n M e r c a n t i l e Bank of S o u t h C o u n t y , N . A . , S t . L o u i s C o u n t y , M i s s o u r i , a p r o p o s e d new bank. If Dallas M e r c h a n t s F i n a n c i a l 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 of time t o A u g u s t 1 1 , 1 9 8 1 , w i t h i n which to consummate t h e a c q u i s i t i o n o f M e r c h a n t s S t a t e Bank, D a l l a s , T e x a s . V Dallas NBC B a n c s h a r e s , I n c . , A u s t i n , T e x a s , e x t e n s i o n of t i m e t o J u l y 5, 1 9 8 1 , w i t h i n w h i c h to consummate the a c q u i s i t i o n of N a t i o n a l Bank o f Commerce, A u s t i n , Texas and N a t i o n a l Bank o f CommerceS o u t h , A u s t i n , T e x a s , a p r o p o s e d new b a n k . J L / Minneapolis S e c u r i t y R i c h l a n d B a n c o r p o r a t i o n , M i l e s C i t y , Montana, e x t e n s i o n of time t o A u g u s t 2 6 , 1 9 8 1 , w i t h i n w h i c h to consummate t h e a c q u i s i t i o n of t h e F i r s t S e c u r i t y Bank & T r u s t o f M i l e s C i t y , M i l e s C i t y , Montana. 2 / Atlanta S o u t h Banking Company, Alma, G e o r g i a , e x t e n s i o n of t i m e t o J u l y 2 9 , 1 9 8 1 , w i t h i n w h i c h to become a bank h o l d i n g company by a c q u i r i n g Alma E x c h a n g e Bank & T r u s t , Alma, G e o r g i a . JV 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 authority. t h e Board of G o v e r n o r s under d e l e g a t e d I H. 2 , 1981 No. 18 - 3 ACTIONS OF THE BOARD-Continued Ch i c a g o V a l l e y Banc orpo r a t i o n , A p p l e t o n , W i s c o n s i n , e x t e n s i o n of time t o J u l y 2 3 , 1981, w i t h i n which to a c q u i r e 80 p e r c e n t o r more o f the 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 J u n e a u , J u n e a u , W i s c o n s i n . If Richmond Bank o f W e s t m o r e l a n d , C o l o n i a l i n bank p r e m i s e s . If Bos to n Baybank M i d d l e s e x , B u r l i n g t o n , M a s s a c h u s e t t s , p r o p o s e d merger w i t h Baybank W i n c h e s t e r T r u s t Company, W i n c h e s t e r , M a s s a c h u s e t t s ; r e p o r t to t h e F e d e r a l 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 comp e t i t i v e f a c t o r s . If Atlanta F i r s t N a t i o n a l Bank o f A t l a n t a , A t l a n t a , G e o r g i a , p r o p o s e d m e r g e r w i t h t h e F i r s t Bank o f C l a y t o n County, Morrow, G e o r g i a ; r e p o r t to t h e C o m p t r o l l e r of the C u r r e n c y on c o m p e t i t i v e f a c t o r s . If Dal l a s F r i e n d s w o o d Bank, F r i e n d s w o o d , T e x a s , p r o p o s e d merger w i t h T e x a s Commerce B a n k - F r i e n d s w o o d , F r i e n d s w o o d , T e x a s ; r e p o r t to t h e F e d e r a l 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 . V Richmond Kanawha V a l l e y Bank, N . A . , C h a r l e s t o n , West V i r g i n i a , p r o p o s e d m e r g e r w i t h KVB, N a t i o n a l A s s o c i a t i o n , C h a r l e s t o n , West V i r g i n i a ( a n o r g a n i z i n g b a n k ) ; 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 . JV San Francisco MBC F i n a n c i a l C o r p o r a t i o n , San D i e g o , C a l i f o r n i a , p r o p o s e d merger w i t h C a l i f o r n i a H e r i t a g e Bank, San D i e g o , C a l i f o r n i a , under t h e t i t l e and c h a r t e r of C a l i f o r n i a H e r i t a g e Bank; r e p o r t to the F e d e r a l 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 . Beach, V i r g i n i a , an investment y New York N a t i o n a l Bank o f S u s s e x County, Branchvi i l e , New J e r s e y , p r o p o s a l t o p u r c h a s e c e r t a i n a s s e t s and assume c e r t a i n l i a b i l i t i e s of t h e L a f a y e t t e and Ogdensburg b r a n c h e s o f Garden S t a t e N a t i o n a l Bank, Paramus, New J e r s e y ; r e p o r t t o t h e C o m p t r o l l e r of t h e C u r r e n c y o n c o m p e t i t i v e f a c t o r s . IJ San Franci s c o New A m e r i c a n N a t i o n a l Bank, Bake rs f i e l d , C a l i f o r n i a , p r o p o s e d m e r g e r w i t h A m e r i c a n 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 , under t h e c h a r t e r o f New American N a t i o n a l Bank and t h e t i t l e and c h a r t e r number of A m e r i c a n N a t i o n a l Bank; r e p o r t to t h e C o m p t r o l l e r of t h e C u r r e n c y on c o m p e t i t i v e f a c t o r s . J J 1 / A p p l i a t i o n p r o c e s s e d on b e h a l f o t author!ty. the Board of G o v e r n o r s under d e l e g a t e d H.2, 1981 No. - 4 18 ACTIONS OF THE BOARD-Continued Dal l a s New M e x i c o Bank and T r u s t Company, Hobbs, New M e x i c o , p r o p o s e d m e r g e r w i t h New M e x i c o Bank and T r u s t Company, H o b b s , New M e x i c o ; r e p o r t to t h e F e d e r a l 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 . J7 San Francisco SC Merger Corp, Downey, C a l i f o r n i a , p r o p o s e d m e r g e r w i t h Bank of Downey, Downey, C a l i f o r n i a , under t h e c h a r t e r and t i t l e o f Bank o f Downey, C a l i f o r n i a ; r e p o r t to the F e d e r a l D e p o s i t Insurance on C o m p e t i t i v e f a c t o r s . JJ Dal l a s S e c u r i t y N a t i o n a l Bank, A u s t i n , T e x a s , p r o p o s e d merger w i t h R e s e a r c h N a t i o n a l Bank, A u s t i n , T e x a s ; r e p o r t t o t h e C o m p t r o l l e r of t h e C u r r e n c y o n c o m p e t i t i v e f a c t o r s . 1/ At l a n t a S o u t h e a s t F i r s t N a t i o n a l Bank o f Miami, Miami, F l o r i d a , proposed m e r g e r w i t h Community Bank o f P i n e l l a s , S e m i n o l e , F l o r i d a ; r e p o r t to t h e C o m p t r o l l e r of t h e C u r r e n c y on c o m p e t i t i v e f a c t o r s . 1/ St. Louis S t a t e Bank o f F i s k , F i s k , M i s s o u r i , p r o p o s e d merger w i t h F i r s t N a t i o n a l Bank of P o p l a r B l u f f , P o p l a r B l u f f , M i s s o u r i ; r e p o r t t o t h e F e d e r a l 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/ San Francisco West C o a s t Bank, E n c i n o , C a l i f o r n i a , p r o p o s e d merger w i t h West C o a s t Merger Company, E n c i n o , C a l i f o r n i a , under t h e c h a r t e r and t i t l e of West C o a s t Bank; r e p o r t to t h e F e d e r a l 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/ 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 o f authority. the Board of Governors under d e l e g a t e d I H.2, 1981 No. 18 5 ACTIONS OF THE BOARD-Continued To E s t a b l i s h a D o m e s t i c Branch P u r s u a n t o f t h e F e d e r a l R e s e r v e Act New York to S e c t i o n 9 Approved Hempstead Bank, H e m p s t e a d , New York. To e s t a b l i s h a b r a n c h a t H u n t i n g t o n B u s i n e s s Campus, M e l v i l l e , Town of H u n t i n g t o n , New York. 1/ Philadelphia G i r a r d 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 a t 6 6 1 2 Haver ford Avenue and a t 136— 138 S o u t h S t r e e t , P h i l a d e l p h i a , P e n n s y l v a n i a . \J Richmond C e n t r a l 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 r o a d s , Virginia. To e s t a b l i s h a branch at 5802 C o l u m b i a P i k e , B a i l e y ' s C r o s s r o a d s , V i r g i n i a . _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 . To e s t a b l i s h a t 5919 Memorial D r . , S t o n e M o u n t a i n , G e o r g i a . 1/ San Franci sco U n i t e d 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 . To e s t a b l i s h a branch i n v i c i n i t y of t h e i n t e r s e c t i o n o f Canoga Avenue and Oxnard S t r e e t , Community o f Woodland H i l l s , Los A n g e l e s , C a l i f o r n i a . 1/ * * * * * To Merge P u r u s a n t t o S e c t i o n 1 8 ( c ) D e p o s i t I n s u r a n c e Act Richmond a branch of t h e F e d e r a l Approved F i r s t V i r i g n i a B a n k - C o l o n i a l , Richmond, V i r g i n i a , t o merge w i t h The P e o p l e s Bank o f Hanover C o u n t y , M e c h a n i c s v i l l e , V i r g i n i a . 1/ * * * * * I s s u e d I n t e n t Not t o D i s a p p r o v e Change i n C o n t r o l P u r s u a n t t o Change i n Bank C o n t r o l Act o f 1978 San Franci sco Idabanco, I n c . , Not D i s a p p r o v e d B o i s e I d a h o . \J J.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 o f authority. t h e Board of G o v e r n o r s u n d e r d e l e g a t e d H.2, 1981 No. 18 - 6 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 O t h e r A c t i o n s P u r s u a n t t o S e c t i o n s 25 and 2 5 ( a ) o f t h e F e d e r a l R e s e r v e Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) o f t h e Bank H o l d i n g Company Act o f 1 9 5 6 , a s amended San Francisco Approved C a n a d i a n I m p e r i a l Bank o f Commerce, Canada: grants consent to e n t e r i n t o an agreement w i t h F e d e r a l R e s e r v e System t o r e c e i v e o n l y s u c h 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(A) o f t h e I n t e r n a t i o n a l Banking A c t . San Francisco P a c i f i c N a t i o n a l Bank I n t e r n a t i o n a l , a w h o l l y owned Edge Act s u b s i d i a r y o f P a c i f i c N a t i o n a l Bank o f W a s h i n g t o n : grants c o n s e n t to amend A r t i c l e s o f A s s o c i a t i o n to r e f l e c t name change to F i r s t I n t e r s t a t e I n t e r n a t i o n a l of W a s h i n g t o n and t o d e l e t e t h e r e q u i r e m e n t t h a t a l l d i r e c t o r s be U n i t e d S t a t e s Cit izens. San Fancisco U n i t e d 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, a w h o l l y owned Edge Act s u b s i d i a r y of U n i t e d 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 : t o amend A r t i c l e F i r s t of the A r t i c l e s o f A s s o c i a t i o n c h a n g i n g i t s name t o " F i r s t I n t e r s t a t e I n t e r n a t i o n a l of C a l i f o r n i a " . * * * * * To Form a Bank H o l d i n g Company P u r s u a n t to S e c t i o n 3 ( a ) ( 1 ) o f t h e Bank H o l d i n g Company Act o f 1956 St. Louis Atlanta Atlanta Withdrawn F i r s t F r o n t i e r B a n c s h a r e s , I n c . , E l d o r a d o , I l l i n o i s , for a p p r o v a l t o a c q u i r e 8 3 . 2 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 S t a t e Bank of E l d o r a d o , E l d o r a d o , I l l i n o i s . Approved A c a d i a n a B a n c s h a r e s , I n c . , L a f a y e t t e , L o u i s i a n a , for approva 1 t o a c q u i r e a t l e a s t 66 2 / 3 p e r c e n t of the v o t i n g s h a r e s of American Bank & T r u s t Company, L a f a y e t t e , L o u i s i a n a . JL/ G r e a t A m e r i c a n B a n c o r p , N o r t h Miami, F l o r i d a , f o r a p p r o v a l to a c q u i r e 93 p e r c e n t of t h e v o t i n g s h a r e s o f ComBanks C o r p o r a t i o n , W i n t e r P a r k , F l o r i d a and i n d i r e c t l y G r e a t A m e r i c a n B a n k s , I n c . , N o r t h Miami, F l o r i d a and a l s o F i r s t Marine Banks, I n c . , R i v i e r a B e a c h , F l o r i d a . 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 o f aut h o r i t y . the Board of Governors under d e l e g a t e d H. 2 , 1981 No. 18 ACTIONS OF THE BOARD-Continued Chicago F i r s t C a r y - G r o v e C o r p . , Gary, I l l i n o i s , f o r a p p r o v a l t o 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 t h e v o t i n g s h a r e s o f t h e s u c c e s s o r by m e r g e r to F i r s t S e c u r i t y Bank o f C a r y - G r o v e , G a r y , I l l i n o i s . 1/ Minneapolis FSB H o l d i n g Company, I n c . , T r i m o n t , M i n n e s o t a , f o r a p p r o v a l to a c q u i r e a t l e a s t 83 p e r c e n t of t h e v o t i n g s h a r e s o f Farmers S t a t e Bank o f T r i m o n t , T r i m o n t , M i n n e s o t a . J./ Kansas City F i r s t R i c h e r B a n c s h a r e s , I n c . , R i c h e r , Oklahoma, f o r a p p r o v a l t o a c q u i r e a t 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 S t a t e Bank, R i c h e r , Oklahoma. JV Kansas C i t y Gibbon Exchange Company, G i b b o n , N e b r a s k a , f o r a p p r o v a l t o a c q u i r e 9 8 . 4 p e r c e n t o r more ( 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 ) o f t h e v o t i n g s h a r e s o f Exchange Bank, G i b b o n , N e b r a s k a . 1/ Kansas C i t y Leavcorp, I n c . , Leavenworth, Kansas, f o r approval to acquire a t l e a s t 8 0 p e r c e n t of t h e v o t i n g s h a r e s of L e a v e n w o r t h N a t i o n a l Bank & T r u s t Company, L e a v e n w o r t h , K a n s a s . If * * * * * To Fonn a Bank H o l d i n g Company P u r s u a n t 3 ( a ) ( 3 ) o f t h e Bank H o l d i n g Company Act Kansas C i t y Dallas Approved The F i r s t N a t i o n a l B a n c o r p o r a t i o n , I n c . , D e n v e r , C o l o r a d o , f o r a p p r o v a l t o a c q u i r e 9 9 . 1 p e r c e n t of t h e v o t i n g s h a r e s o f The F i r s t N a t i o n a l Bank of t h e S o u t h w e s t , J e f f e r s o n C o u n t y , C o l o r a d o , a p r o p o s e d new b a n k . _!/ F i r s t I n t e r n a t i o n a l B a n c s h a r e s , I n c . , D a l l a s , Texas, for app r o v a l 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 ( 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 ) of t h e s u c c e s s o r by merger t o S a n F e l i p e Bank, N . A . , H o u s t o n , T e x a s . V 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 o f authority. to S e c t i o n t h e Board of G o v e r n o r s u n d e r d e l e g a t e d H.2, 1981 N o . 1 8 8 - ACTIONS OF THE BOARD-Continued To Expand a Bank H o l d i n g Company P u r s u a n t to S e c t i o n 4 ( c ) ( 8 ) o f t h e Bank H o l d i n g Company Act o f 1956 New York Approved D e u t s c h e Bank AG, F r a n k f u r t , Germany, for a p p r o v a l to expand t h e a c t i v i t i e s of i t s i n d i r e c t s u b s i d i a r y , F i a t C r e d i t Corp o r a t i o n , Bannockburn, I l l i n o i s vfoich would e n g a g e de novo i n p r o v i d i n g b o o k k e e p i n g , d a t a p r o c e s s i n g and o t h e r s e r v i c e s r e l a t e d t o t h e a d m i n i s t r a t i o n of r e c e i v a b l e s f i n a n c e d by Corp o r a t i o n f o r the s u b s i d i a r i e s of F i a t in the United S t a t e s . New York The HongKong and S h a n g h a i Banking C o r p o r a t i o n , Hong Kong, B . C . C . K e l l e t t , N . V . , Curacao, N e t h e r l a n d s A n t i l l e s ; HSBC H o l d i n g s , B . V . , Amsterdam, The N e t h e r l a n d s and Marine Midland Banks, I n c . , B u f f a l o , New York, f o r approval t o engage i n u n d e r w r i t i n g , a s r e i n s u r e r , t h r o u g h a de novo s u b s i d i a r y , Marmid 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 to e x t e n s i o n s o f c r e d i t by Marine Midland Bank, N.A. , B u f f a l o , New York i n New York S t a t e , and P e n n s y l v a n i a . New York S o c i e t e G e n e r a l e , P a r i s , F r a n c e , for a p p r o v a l to e n g a g e de novo through i t s s u b s i d i a r y , S o g e l e a s e C o r p . , New York, New York, i n c o m m e r i c a l f i n a n c e and l e a s i n g a c t i v i t i e s . Atlanta Great American Bancorp, N o r t h Miami, F l o r i d a , f o r approval t o a c q u i r e C o n s o l i d a t e d R e c o v e r y S e r v i c e I n c . , Winter Park, F l o r i d a ; ComBanks I n s u r a n c e Agency, I n c . , Winter Park, F l o r i d a ; American B a n c s h a r e s S e r v i c e s , I n c . , North Miami, F l o r i d a ; American B a n c s h a r e s Mortgage Company, I n c . , N o r t h Miami, F l o r i d a ; American P r o p e r t i e s H o l d i n g Company, N o r t h Miami, F l o r i d a ; American B a n c s h a r e s I n s u r a n c e Agency, I n c . , N o r t h Miami, F l o r i d a . \J Kansas C i t y Gibbon Exchange Company, Gibbon, N e b r a s k a , f o r ap p roval t o a c q u i r e Gibbon I n s u r a n c e A g e n c y , Gibbon, Nebraska and t h e r e by e n g a g e i n the s a l e of g e n e r a l i n s u r a n c e in a community o f l e s s t h a n 5 , 0 0 0 p o p u l a t i o n . JV New York Denied D e u t s c h e Bank AG, F r a n k f u r t , Germany, for ap p roval to expand t h e a c t i v i t i e s o f F i a t C r e d i t C o r p o r a t i o n , Bannockburn, I l l i n o i s x * i c h would e n g a g e de novo i n broad range of f i n a n c i n g a c t i v i t i e s ; a c t as a g e n t o r b r o k e r f o r l i f e , a c c i d e n t and h e a l t h and p h y s i c a l damage i n s u r a n c e r e l a t e d to i t s e x t e n s i o n s of of c r e d i t ; s e r v i c e 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 ; and engage i n p e r s o n a l and r e 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 . 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 o f authority. the Board of Governors under d e l e g a t e d H. 2 , 1981 No. 18 ACTIONS OF THE BOARD-Continued New York Boston Withdrawn C i t i c o r p , New Y o r k , New Y o r k , 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 d e n o v o o f f i c e e n g a g i n g i n the f o l l o w i n g a c t i v i t i e s ( t h e making of i n v e s t m e n t s i n t h e s t o c k , w a r r a n t s , o p t i o n s o r r i g h t s and e v i d e n c e s o f i n d e b t e d n e s s ( i n c l u d i n g c o n v e r t i b l e o b l i g a t i o n s ) of f o r e i g n c o m p a n i e s w i t h growth p o t e n t i a l ) a t 3 3 5 S t r a n d , London, E n g l a n d , t h r o u g h i t s s u b s i d i a r y , C i t i c o r p C a p i t a l I n v e s t o r s Ltd. ( 5 / 1 / 8 1 ) 3 / Reactivated Mult i b a n k F i n a n c i a l C o r p . , Q u i n c y , Mas s a c h s uet t 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 ( t o e n g a g e i n item p r o c e s s i n g s e r v i c e s for c u s t o m e r s of a f f i l i a t e d b a n k s ; t h e s e a c t i v i t i e s , %h i c h i n c l u d e demand d e p o s i t a c c o u n t i n g , i n s t a l l ment l o a n a c c o u n t i n g and t i m e d e p o s i t a c c o u n t i n g , would be c o n d u c t e d from an e x i s t i n g o f f i c e i n Auburn, M a s s a c h u s e t t s , s e r v i c i n g c u s t o m e r s l o c a t e d t h r o u g h o u t M a s s a c h u s e t t s , Rhode I s l a n d , n o r t h e r n C o n n e c t i c u t , e a s t e r n New York, s o u t h e r n , New Hampshire and s o u t h e r n Vermont) a t 11 M i d s t a t e D r i v e , Auburn, M a s s a c h u s e t t s , through i t s d i r e c t s u b s i d i a r y , Multibank Computer C o r p . ( 4 / 2 7 / 8 1 ) 3 / Boston Mult ibank F i n a n c i a l C o r p . , Q u i n c y , M a s s a c h u s e t t s , n o t i f i c a t i o n of i n t e n t to e n g a g e i n de novo a c t i v i t i e s ( t o e n g a g e i n p r o c e s s i n g of bank r e l a t e d f i n a n c i a l d a t a ; t h i s a c t i v i t y would be c o n d u c t e d from an e x i s t i n g o f f i c e i n Auburn, M a s s a c h u s e t t s and w o u l d be performed f o r a s i n g l e company l o c a t e d i n M a s s a c h u s e t t s ) a t 11 M i d s t a t e D r i v e , Auburn, M a s s a c h u s e t t s , t h r o u g h i t s d i r e c t s u b s i d i a r y , Mult ibank Computer Corp. (4/27/81) 3/ San Francisco W e l l s F a r g o & Company, 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 e n g a g e i n de novo a c t i v i t i e s ( a c t i n g as a g e n t f o r c r e d i t p r o p e r t y i n s u r a n c e ) i n Scot t sd a l e , A r i z o n a , s e r v i n g t h e S t a t e of N e v a d a , t h r o u g h i t s s u b s i d i a r y , WeLis Fargo I n s u r a n c e S e r v i c e s . ( 5 / 1 / 8 1 ) 3/ New York Permitted 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 L o n d o n , E n g l a n d , r e q u e s t s p e r m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e e n g a g i n g i n the f o l l o w i n g a c t i v i t i e s (com m e r c i a l f i n a n c e , i . e . , making s e c u r e d l o a n s to s m a l l and medium s i z e d b u s i n e s s e s ) from 1901 Avenue of t h e S t a r s , S u i t e 1774 Los A n g e l e s , C a l i f o r n i a t o 3 3 5 0 W i l s h i r e B o u l e v a r d , s u i t e 1 2 3 4 , Los A n g e l e s , 18321 V e n t u r a B o u l e v a r d , T h i r d F l o o r , T a r z a n a and 18662 MacArthur B o u l e v a r d , S u i t e 4 2 0 , I r v i n e , a l l in C a l i f o r n i a , through t h e i r s u b s i d i a r y , BarclaysAmeric an/ Business C r e d i t , Inc. ( 4 / 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 o n b e h a l f o f o f G o v e r n o r s 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. 18 - 10 - ACTIONS OF THE BOARD-Continued New York L l o y d s Bank L i m i t e d , London, E n g l a n d ; The Royal Bank o f S c o t l a n d , E d i n b u r g h , S c o t l a n d ; and The Royal Bank of S c o t l a n d Group L i m i t e d , E d i n b u r g h , S c o t l a n d , 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 de novo o f f i c e s e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s (commercial f i n a n c i n g a c t i v i t i e s , i n c l u d i n g making or a c q u i r i n g c o m m e r c i a l l o a n s s e c u r e d by a b o r r o w e r ' s a c c o u n t s r e c e i v a b l e , i n v e n t o r y o r o t h e r a s s e t s and s e r v i c i n g s u c h l o a n s for o t h e r s ) a t 163 3 Broadway, New York, New York and 1 W i l s h i r e B u i l d i n g , Los A n g e l e s , C a l i f o r n i a , t h r o u g h t h e i r s u b s i d i a r y , James T a l c o t t B u s i n e s s C r e d i t , I n c . ( 4 / 2 6 / 8 1 ) 3/ Cleveland Pittsburgh National Corporation, Pittsburgh, Pennsylvania, n o t i f i c a t i o n of i n t e n t to e n g a g e i n the f o l l o w i n g a c t i v i t y ( m o r t g a g e b a n k i n g , i n c l u d i n g t h e making or a c q u i r i n g and s e r v i c i n g f o r i t s own a c c o u n t and f o r the a c c o u n t 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 o f c r e d i t ) i n t h e m e t r o p o l i t a n a r e a of T u c s o n , A r i z o n a , t h r o u g h i t s s u b s i d i a r y , The K i s s e l l Company, S p r i n g f i e l d , O h i o ( 4 / 1 9 / 8 1 ) 3_/ Cleveland Pittsburgh National Corporation, P i t t s b u r g h , P e n n s y l v a n i a , not i f i c a t i o n of i n t e n t to e n g a g e i n t h e f o l l o w i n g a c t i v i t i e s ( a c t i n g a s a g e n t f o r n o n - a f f i l i a t e d i n s u r a n c e companies in t h e s a l e o r s o l i c i t a t i o n of o r d e r s for a c c i d e n t and h e a l t h i n s u r a n c e and mortgage r e d e m p t i o n l i f e i n s u r a n c e on d e b t o r s , in c o n n e c t i o n w i t h m o r t g a g e s made o r s e r v i c e d ) a t S u i t e C & D, 1741 West L i n c o l n A v e n u e , Anaheim; Bank of A m e r i c a B u i l d i n g , 3 0 0 S . Harbor B o u l e v a r d , S u i t e 4 1 5 , A n a h e i m ; 7002 Moody S t r e e t , LaPalma; 18918 S o l e d a d Canyon Road, Canyon County; 906 E a s t Avenue 0 - 9 , P a l m d a l e ; 4 5 1 S. E s c o n d i d o B o u l e v a r d , E s c o n d i d o ; S u i t e s 1 0 1 - 1 0 2 , 5727 Camino Del Rio S o u t h , San D i e g o ; S u i t e A - 5 , 1516 W. Shaw A v e n u e , F r e s n o ; 152 L and 1523 T e n n e s s e e S t r e e t , V a t l e j o ; S u i t e 2 0 8 , 4 4 0 Grand A v e n u e , O a k l a n d ; S u i t e 2 0 4 , 6117 B r o c k t o n A v e n u e , R i v e r s i d e ; 5777 Madison A v e n u e , S u i t e 6 3 0 , S a c r a m e n t o ; S u i t e 101, The Sherman B u i l d i n g . 3031 T i s c h Wav, San J o s e ; The Woodbr i d g e B u i l d i n g , S u i t e 2 0 3 , 222 N. Mountain Avenue, U p l a n d ; and 5 700 R a l s t o n S t r e e t , S u i t e 3 0 5 , V e n t u r a , a l l l o c a t e d i n C a l i f o r n i a , t h r o u g h i t s s u b s i d i a r y , The K i s s e l 1 Company, S p r i n g f i e l d , Ohio ( 4 / 2 9 / 8 1 ) 3/ Atlanta Alabama B a n c o r p o r a t i o n , Birmingham, Alabama, n o t i f i c a t i o n of i n t e n t to e n g a g e i n de novo a c t i v i t i e s (making o r a c q u i r i n g , f o r i t s own a c c o u n t o r f o r the a c c o u n t 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 ; s e r v i c 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 R e s e r v e Bank on b e h a l f a f «»ove r n o r s under de l e g a t e d a u t h o r i t y . of t h e Board H.2, 1981 No. 18 — 11 — ACTIONS OF THE BOARD-Continued 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 f o r any p e r s o n ; t o l e a s e p e r s o n a l p r o p e r t y and e q u i p m e n t ; or a c t i n g as a g e n t , b r o k e r o r a d v i s e r i n l e a s i n g of such p r o p e r t y ; e n g a g i n g i n t h e s a l e o f c r e d i t l i f e and a c c i d e n t and h e a l t h i n s u r a n c e a c t i v i t i e s a r e to be c o n d u c t e d a t an a d d i t i o n a l o f f i c e l o c a t e d in N a s h v i l l e , Tennessee, serving the greater N a s h v i l l e M e t r o p o l i t a n a r e a , t h r o u g h a s u b s i d i a r y , Alabanc F i n a n c i a l C o r p o r a t i o n ( 5 / 1 / 8 1 ) 3/ Chicago F i r s t Chicago Corporation, Chicago, 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 e n g a g e i n 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 a d v i c e 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 p e r f o r m e d a t e x i s t i n g o f f i c e s i n C h i c a g o , I l l i n o i s ; Miami, F l o r i d a ; and H o u s t o n , T e x a s , t h e 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 s u b s i d i a r y , F i r s t Chicago Realty S e r v i c e s Corporation (5/2/81) 2/ Kansas C i t y C e n t r a l S e r v i c e C o r p o r a t i o n , Enid , Oklahoma, n o t i f i c a t i o n of i n t e n t to e n g a g e i n de novo a c t i v i t i e s ( t h e making or a c q u i r i n g , f o r i t s own a c c o u n t o r f o r the a c c o u n t 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 o f c r e d i t , i n c l u d i n g t h e p u r c h a s e and d i s c o u n t o f n o t e s , t h e p u r c h a s e of p a r t i c i p a t i o n s i n l o a n s and t h e e x t e n s i o n o f d i r e c t l o a n s to c u s t o m e r s ) a t 324 West Broadway, E n i d , Oklahoma, s e r v i n g t h e S t a t e of Oklahoma, t h e n o r t h e r n p o r t i o n o f Texas and t h e s o u t h e r n p o r t i o n of Kansas ( 5 / 1 / 8 1 ) 3/ San Franci sco U . S . Bancorp, P o r t l a n d , O r e g o n , n o t i f i c a t i o n of i n t e n t to e n g a g e i n de novo a c t i v i t i e s ( m a k i n g , a c q u i r i n g and s e r v i c i n g 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 , e i t h e r s e c u r e d o r u n s e c u r e d , for i t s own a c c o u n t o r for t h e a c c o u n t of o t h e r s , i n c l u d i n g t h e p u r c h a s i n g of c o n t r a c t s and e v i d e n c e s o f d e b t , making c o m m e r c i a l and b u s i n e s s l o a n s ; and a c t i n g a s i n s u r a n c e a g e n t w i t h r e g a r d t o c r e d i t l i f e and d i s a b i l i t y i n s u r a n c e s o l e l y i n c o n n e c t i o n w i t h e x t e n s i o n s o f c r e d i t ) i n the 4 0 0 B u i l d i n g , S u i t e 4 0 9 , 400 - 108th Avenue, N . E . , Bel l e v u e , Washington, t h e g e o g r a p h i c a r e a to be s e r v e d w i l l be p r i n c i p a l l y t h e S e a t t l e SMSA which i s d e f i n e d a s King C o u n t y , t h r o u g h i t s s u b s i d i a r y , U . S . C r e d i t c o r p ( 4 / 2 8 / 8 1 ) 3/ San Francisco W e l l s F a r g o & Company, 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 e n g a g e i n de novo a c t i v i t i e s ( a c t i n g a s a g e n t for c r e d i t property i n s u r a n c e ) in S c o t t s d a l e , A r i z o n a , s e r v i n g t h e S t a t e of N e v a d a , t h r o u g h i t s s u b s i d i a r y , W e l l s Fargo I n s u r a n c e S e r v i c e s . ( 5 / 1 / 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 o n b e h a l f o f o f G o v e r n o r s under d e l e g a t e d a u t h o r i t y . t h e Board H.2, 1981 No. 18 - 12 - APPLICATIONS RECEIVED To E s t a b l i s h a D o m e s t i c Branch P u r s u a n t to S e c t i o n 9 o f t h e F e d e r a l R e s e r v e Act Boston The C o n n e c t i c u t Bank and T r u s t Company, H a r t f o r d , C o n n e c t i c u t . Branch to be e s t a b l i s h e d i n T r u m b u l l , C o n n e c t i c u t . 2 / Atlanta Exchange Bank & T r u s t Company o f F l o r i d a , Tampa, F l o r i d a . Branch t o be e s t a b l i s h e d a t s o u t h w e s t c o r n e r o f S t a t e Road 6 8 8 and p r o p o s e d Cochran D r i v e , P i n e l l a s C o u n t y , F l o r i d a . 2/ Chicago The D e t r o i t Bank and T r u s t Company, D e t r o i t , M i c h i g a n . Branch t o be e s t a b l i s h e d a t t h e n o r t h e a s t c o r n e r of G r o e s b e c k Highway and H a r r i n g t o n Road, C l i n t o n Township, M i c h i g a n . 2/ * * * * * To Become a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 1 ) o f t h e Bank H o l d i n g Company Act o f 1956 Cleveland The F i r s t N a t i o n a l P e n n s y l v a n i a C o r p o r a t i o n , M e a d v i l l e , P e n n s y l v a n i a f o r a p p r o v a l 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 o f The F i r s t N a t i o n a l Bank of P e n n s y l v a n i a , M e a d v i l l e , P e n n s y l v a n i a . 2/ Cleveland M e t r o p o l i t a n B a n c o r p , I n c . , Lima, O h i o , for a p p r o v a l to a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s o f The M e t r o p o l i t a n Bank o f Lima, O h i o , Lima, O h i o . 2f Richmond One V a l l e y Bancorp o f West V i r g i n i a , V i r g i n i a , f o r a p p r o v a l to a c q u i r e s h a r e s o f t h e s u c c e s s o r by m e r g e r N. A . , C h a r l e s t o n , West V i r g i n i a . Atlanta B a n c I n d e p e n d e n t I n c o r p o r a t e d , S h e f f i e l d , Alabama, f o r a p p r o v a l to a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s o f F i r s t C o l b e r t N a t i o n a l Bank, S h e f f i e l d , Alabama. 2/ Atlanta Mountain B a n c s h a r e s , I n c . , Tracy C i t y , T e n n e s s e e , for a p p r o v a l t o a c q u i r e a t l e a s t 8 0 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t Bank and T r u s t , T r a c y C i t y , T e n n e s s e e . 2 / I n c . , C h a r l e s t o n , West 100 p e r c e n t of t h e v o t i n g t o Kanawaha V a l l e y B a n k , 27 2 / A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t 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 a s t o t h e l e n g t h o f t h e comment p e r i o d . i H.2, . 9 8 1 No. 18 - 13 - APPLICATIONS RECEIVED-Cont i n u e d Chicago B e l l Tower F i n a n c i a l , I n c o r p o r a t e d , S t a n w o o d , I o w a , f o r app r o v a l to a c q u i r e a t l e a s t 9 9 . 8 p e r c e n t of t h e v o t i n g s h a r e s of Union T r u s t & S a v i n g s Bank, S t a n w o o d , I o w a . 2 / Chicago The Boone C o r p o r a t i o n , Lebanon, I n d i a n a , for a p p r o v a l 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 ( 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 t h e s u c c e s s o r by merger t o The Boone County S t a t e Bank, L e b a n o n , I n d i a n a . 2 / Chicago F i r s t S e c u r i t y B a n s h a r e s , I n c . , Lake P a r k , Iowa, for a p p r o v a l t o a c q u i r e a t 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 o f S e c u r i t y S t a t e Bank, Lake P a r k , Iowa and S e c u r i t y S t a t e Bank, H a r t l e y , Iowa. 2/ Chicago G. W. B a n c o r p . , G r e e n l e a f , W i s c o n s i n , f o r a p p r o v a l t o a c q u i r e a t l e a s t 8 6 . 7 p e r c e n t of t h e v o t i n g s h a r e s of G r e e n l e a f Wayside Bank, G r e e n l e a f , W i s c o n s i n . 2j St. CB B a n c s h a r e s , I n c . , J e f f e r s o n v i l l e , I n d i a n a , for a p p r o v a l t o 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 ) o f 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 t o C i t i z e n s Bank & T r u s t C o . , J e f f e r s o n v i l l e , I n d i a n a . If Louis Minneapolis F i r s t Mabel BanCorporat i o n , I n c . , Mabel, M i n n e s o t a , for a p p r o v a l 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 o f The F i r s t N a t i o n a l Bank o f Mabel, Mabel, M i n n e s o t a . 2 / Kansas C i t y Crown B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , f o r a p p r o v a l to a c q u i r e a t l e a s t 80 p e r c e n t 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 L a w r e n c e , L a w r e n c e , Kansas and t o a c q u i r e up t o 20 p e r c e n t of t h e v o t i n g s h a r e s o f The M e r c h a n t s N a t i o n a l Bank o f T o p e k a , T o p e k a , K a n s a s . 2 / Kansas C i t y F i r s t Broken Arrow C o r p o r a t i o n , Broken A r r o w , Oklahoma, f o r a p p r o v a l t o a c q u i r e a t 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 o f The F i r s t N a t i o n a l Bank o f Broken Arrow, Broken Arrow, Oklahoma. 2 / Kansas C i t y Grove B a n c s h a r e s , I n c . , G r o v e , Oklahoma, f o r a p p r o v a l to a c q u i r e a t l e a s t 9 9 . 2 4 p e r c e n t of t h e v o t i n g s h a r e s o f S t a t e Bank o f G r o v e , G r o v e , Oklahoma. 2 / Kansas C i t y Harvard Tower H o l d i n g C o r p o r a t i o n , T u l s a , Oklahoma, f o r a p p r o v a l 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 o f Harvard T o t e r Bank, T u l s a , Oklahoma. 2 / 2 / A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t 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 a s to the l e n g t h o f the comment p e r i o d . I H.2, 1981 No. 18 14 APPLICATIONS RECEIVED-Continued Kansas C i t y P a g o s a S p r i n g s H o l d i n g Company, P a g o s a S p r i n g s , C o l o r a d o , f o r a p p r o v a l to a c q u i r e 9 0 . 3 3 p e r c e n t 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 Bank o f P a g o s a S p r i n g s , C o l o r a d o , P a g o s a S p r i n g Colorado. 2/ Kansas C i t y Sh i d l e r B a n c s h a r e s , I n c . , Sh i d l e r , Oklahoma, f o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s o f Sh i d l e r S t a t e Bank, S h i d l e r , Oklahoma. 2/ Dal l a s North T e x a s B a n c s h a r e s , I n c . , N o r t h R i c h l a n d H i l l s , T e x a s , f o r a p p r o v a l 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 o f Bank of North T e x a s , N o r t h R i c h land H i l l s , T e x a s , and Me adowbrook N a t i o n a l Bank, Fort Worth, T e x a s . 2 j San Franci sco F i r s t S t a t e B a n c s h a r e s , I n c . , P o r t O r c h a r d , W a s h i n g t o n , for ap p r o v a l to a c q u i r e a t 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 o f F i r s t S t a t e Bank, P o r t O r c h a r d , W a s h i n g t o n . If To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 3 ) o f t h e Bank H o l d i n g Company Act o f 1956 Chicago P e o p l e s Banking C o r p o r a t i o n , Bay C i t y , M i c h i g a n , for a p p r o v a l t o a c q u i r e 100 p e r c e n t 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 t o Community Bank, Bad Axe, Michigan. 2/ Dal l a s S o u t h w e s t B a n c s h a r e s , I n c . , H o u s t o n , T e x a s , f o r a p p r o v a l to a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s o f C o p p e r f i e l d N a t i o n a l Bank, H a r r i s C o u n t y , T e x a s , a p r o p o s e d new bank 2/ Dal l a s T e x a s Commerce B a n c s h a r e s , I n c . , H o u s t o n , T e x a s , f o r app r o v a l to a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F r i e n d s w o o d Bank, F r i e n d s w o o d , T e x a s . 27 2 / A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t 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 a s to t h e l e n g t h of the comment p e r i o d . H.2, 1981 No. 18 - 1 5 APPLICATIONS RECEIVED-Cont i n u e d To Expand a Bank H o l d i n g Company P u r s u a n t to S e c t i o n 4 ( c ) ( 8 ) o f t h e Bank H o l d i n g Company Act o f 1956 Boston I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , n o t i f i c a t i o n of i n t e n t to r e l o c a t e de novo a c t i v i t i e s ( ( i ) c o n s u m e r f i n a n c e and ( i i ) i n s u r a n c e a g e n c y a c t i v i t i e s for t h e s a l e o f 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 ) from an o f f i c e i n Mo l i n e , I l l i n o i s to an e x i s t i n g o f f i c e l o c a t e d a t 4 7 1 1 North B r a d y , D a v e n p o r t , I o w a , t h r o u g h i t s i n d i r e c t s u b s i d i a r y , Mortgage A s s o c i a t e s , Inc. ( 4 / 2 7 / 8 1 ) 3/ New York Chemical New York C o r p o r a t i o n , New York, New York, r e q u e s t s p e r m i s s i o n to r e l o c a t e an e x i s t i n g 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 l o a n s , p u r c h a s i n g 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 , and a c t i n g as agent o r b r o k e r f o r the s a l e of l i f e , a c c i d e n t and h e a l t h , and p r o p e r t y and c a s u a l 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 t o such e x t e n s i o n s o f c r e d i t ) from 415 West Meadowview Road, G r e e n s b o r o , N o r t h C a r o l i n a t o 2 3 0 0 West Meadowview R o a d , Greensboro, North C a r o l i n a , through i t s s u b s i d i a r y , Sunamerica F i n a n c i a l C o r p o r a t i o n . ( 5 / 1 / 8 1 ) 3/ New 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 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 i n t h e f o l l o w i n g a c t i v i t i e s ( t h e making of l o a n s to f o r e i g n c o m p a n i e s w i t h g r o w t h p o t e n t i a l ) a t 3 3 5 S t r a n d , London, E n g l a n d , t h r o u g h i t s s u b s i d i a r y , C i t i c o r p C a p i t a l I n v e s t o r s Ltd. ( 5 / 1 / 8 1 ) 3/ New 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 t h e s e r v i c e a r e a of an e x i s t i n g o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g o f l o a n s and o t h e r e x t e n s i o n s o f c r e d i t , s e c u r e d o r u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n s o f 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 ( f l o o r p l a n n i n g ) and w o r k i n g c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g for i t s own a c c o u n t of s a l e s f i n a n c e c o n t r a c t s ; 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 and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n t h e c a s e o f s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s o r b r o k e r s as r e q u i r e d ; t h e s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y s u b j e c t to a s e c u r i t y a g r e e m e n t w i t h C i t i c o r p W a s h i n g t o n F i n a n c i a l C e n t e r , I n c . , t o the e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e o r i g i n a t i n g , f o r i t s own a c c o u n t or f o r the a c c o u n t of o t h e r s , 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 o n b e h a l f o f of G o v e r n o r s 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. 18 - 16 - APPLICATIONS RECEIVED-Cont iriued o f f i r s t m o r t g a g e l o a n s s e c u r e d by r e s i d e n t i a l o r commercial p r o p e r t i e s ; t h e s a l e a t r e t a i l o f money o r d e r s , t r a v e l e r s c h e c k s , U . S . s a v i n g s bonds and consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; and t h e s e r v i c i n g , f o r 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 ; t h e e x p a n s i o n of the s e r v i c e a r e a would i n c l u d e t h e e n t i r e S t a t e o f W a s h i n g t o n ; 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 may b e w r i t t e n by F a m i l y Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p W a s h i n g t o n F i n a n c i a l C e n t e r , I n c . ) a t 1723 H e w i t t A v e n u e , E v e r e t t , W a s h i n g t o n , t h r o u g h i t s u b s i d i a r y , C i t i c o r p Washington F i n a n c i a l Center, I n c . ( 5 / 1 / 8 1 ) 3/ - e w York C i t i c o r p , New Y o r k , New Y o r k , 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 i n t h e f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g o f l o a n s and o t h e r e x t e n s i o n s o f c r e d i t , s e c u r e d or u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e e x p a n s i o n o f l o a n s to d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and w o r k i n g c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own a c c o u n t of s a l e s f i n a n c e c o n t r a c t s ; 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 and a c c i d e n t and h e a l t h o r d e c r e a s i n g or l e v e l ( i n t h e c a s e of s i n g l e payment l o a n s ) t e r m l i f e i n s u r a n c e by l i c e n s e d a g e n t s o r b r o k e r s as r e q u i r e d ; the s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y s u b j e c t to a s e c u r i t y a g r e e m e n t w i t h C i t i c o r p W a s h i n g t o n I n d u s t r i a l Loan Company, to the e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e o r i g i n a t i n g , for i t s own a c c o u n t o r f o r t h e a c c o u n t of o t h e r s , o f f i r s t m o r t g a g e l o a n s s e c u r e d by r e s i d e n t i a l o r c o m m e r i c a l p r o p e r t i e s ; t h e s a l e at r e t a i l o f money o r d e r s , t r a v e l e r s c h e c k s , U . S . s a v i n g s b o n d s and consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; and t h e s e r v i c i n g , f o r any p e r s o n , o f l o a n s and o t h e r e x t e n s i o n s o f c r e d i t ; t h e s e r v i c e a r e a of t h e de novo o f f i c e w o u l d be c o m p r i s e d of t h e e n t i r e S t a t e of W a s h i n g t o n ; 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 may b e w r i t t e n by F a m i l y G u a r d i a n L i f e I n s u r a n c e Company, a n a f f i l i a t e of C i t i c o r p W a s h i n g t o n I n d u s t r i a l Loan Company) a t 1723 H e w i t t Avenue, E v e r e t t , Washington, through i t s s u b s i d i a r y , C i t i c o r p W a s h i n g t o n I n d u s t r i a l Loan Company ( D o m e s t i c ) ( 5 / 1 / 8 1 ) 3 / New 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 t h e s e r v i c e a r e a of an e x i s t i n g o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s (making o r a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s o f c r e d i t , s e c u r e d o r u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n s o f 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 ( f l o o r p l a n n i n g ) and w o r k i n g c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own a c c o u n t of s a l e s 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 o n b e h a l f o f of G o v e r n o r s 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. 18 - 1 7 APPLICATIONS RECEIVED-Cont i n u e d f i n a n c e c o n t r a c t s ; 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 and a c c i d e n t and h e a l t h o r d e c r e a s i n g o r l e v e l ( i n t h e c a s e of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s o r b r o k e r s as r e q u i r e d ; t h e s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y s u b j e c t to a s e c u r i t y a g r e e m e n t w i t h 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 , t o the e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e making o f l o a n s to i n d i v i d u a l s and b u s i n e s s e s to f i n a n c e t h e p u r c h a s e of m o b i l e homes, m o d u l a r u n i t s o r r e l a t e d m a n u f a c t u r e d h o u s i n g , t o g e t h e r w i t h t h e r e a l p r o p e r t y t o w h i c h such h o u s i n g i s o r w i l l be p e r m a n e n t l y a f f i x e d , such p r o p e r t y b e i n g u s e d as s e c u r i t y f o r t h e l o a n s ; and t h e s e r v i c i n g , f o r any p e r s o n , o f l o a n s and other e x t e n s i o n s of c r e d i t ; the p r e v i o u s l y approved s e r v i c e a r e a of t h e o f f i c e c o m p r i s e d of t h e e n t i r e S t a t e of U t a h , would be e x pa nde d to i n c l u d e t h e e n t i r e S t a t e o f Wyoming; e x c e p t t h a t t h i s a p p l i c a t i o n w o u l d not expand t h e s e r v i c e a r e a f o r t h e s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e ; 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 a n c e may b e w r i t t e n by Family G u a r d i a n L i f e I n s u r a n c e Company, a n a f f i l i a t e of 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 ) a t 3828 S o u t h M a i n , S u i t e 2 0 1 , S a l t Lake C i t y , U t a h , through i t s s u b s i d i a r y , 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 ( D o m e s t i c ) ( 5 / 1 / 8 1 ) 37 New 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 t h e s e r v i c e a r e a of an e x i s t i n g 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 ( t h e making or a c q u i r i n g of l o a n s and other e x t e n s i o n s of c r e d i t , secured or unsecured, f o r consumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n s of l o a n s to d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) a n d w o r k i n g c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c 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 f o r i t s own a c c o u n t ; 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 and a c c i d e n t and h e a l t h o r d e c r e a s i n g o r l e v e l ( i n t h e c a s e of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s o r b r o k e r s as r e q u i r e d ; t h e s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y s u b j e c t to a s e c u r i t y agreement with 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 . , t o the e x t e n t p e r m i s s i b l e u n d e r a p p l i c a b l e S t a t e i n s u r a n c e laws arri r e g u l a t i o n s ; t h e making o f l o a n s t o i n d i v i d u a l s and b u s i n e s s e s to f i n a n c e t h e p u r c h a s e of m o b i l e homes, m o d u l a r u n i t s or r e l a t e d m a n u f a c t u r e d h o u s i n g , t o g e t h e r w i t h t h e r e a l p r o p e r t y t o w h i c h such h o u s i n g i s o r w i l l be p e r m a n e n t l y a f f i x e d . such p r o p e r t y b e i n g u s e d as s e c u r i t y f o r t h e l o a n s and t h e s e r v i c i n g , f o r any p e r s o n , o f 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 ; the p r e v i o u s l y approved s e r v i c e a r e a 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 o n b e h a l f o f of G o v e r n o r s 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. 18 • - 18 - APPLICATIONS RECEIVED-Cont i n u e d o f the o f f i c e c o m p r i s e d of t h e e n t i r e S t a t e of I d a h o , would be expanded t o i n c l u d e t h e e n t i r e S t a t e o f Montana; e x c e p t t h a t t h i s a p p l i c a t i o n w o u l d not expand t h e s e r v i c e a r e a f o r t h e s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e ; 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 may b e w r i t t e n by F a m i l y Guardian L i f e I n s u r a n c e Company, a n a f f i l i a t e of 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 . ) a t 1755 W e s t g a t e D r i v e 2 2 5 , B o i s e , I d a h o , t h r o u g h i t s subsidiary, Citicorp Person-to-Person Financial Center, Inc. (Delaware) ( 4 / 2 8 / 8 1 ) 3/ New York C i t i c o r p , New Y o r k , New York, 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 i n t h e f o l l o w i n g a c t i v i t i e s ( t h e making o r a c q u i r i n g 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 , s e c u r e d o r u n s e c u r e d , for consumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n s o f 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 ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own a c c o u n t of s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e o f c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h o r d e c r e a s i n g or l e v e l ( i n the c a s e of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d b r o k e r s as r e q u i r e d ; t h e making of l o a n s to i n d i v i d u a l s and b u s i n e s s e s to f i n a n c e t h e p u r c h a s e o f m o b i l e homes, modular u n i t s or r e l a t e d m a n u f a c t u r e d h o u s i n g , t o g e t h e r w i t h the r e a l p r o p e r t y to v h i c h such h o u s i n g i s o r w i l l be p e r m a n e n t l y a f f i x e d , s u c h p r o p e r t y b e i n g u s e d as s e c u r i t y f o r the l o a n s ; and t h e s e r v i c i n g , for any p e r s o n , o f 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 ; t h e p r o p o s e d s e r v i c e a r e a of the o f f i c e w o u l d be c o m p r i s e d of t h e e n t i r e S t a t e o f S o u t h C a r o l i n a ; 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 may be w r i t t e n by F a m i l y G u a r d i a n L i f e I n s u r a n c e Company, an a f f i l i a t e of 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 . ) a t Dutch P l a z a , 80 0 D u t c h Square B o u l e v a r d , S u i t e 100, Columbi a,' South C a r o l i n a , through i t s s u b s i d i a r y , 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 . ( D e l a w a r e ) ( 4 / 2 8 / 8 1 ) 37 New York Manu f a c t u r e r s Hanover C o r p o r a t i o n , New Y o r k , New York, r e q u e s t s p e r m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e e n g a g i n g i n t h e f o l l o w i n g a c t i v i t i e s ( c o n s u m e r f i n a n c e , s a l e s f i n a n c e and home e q u i t y l e n d i n g a c t i v i t i e s and i n t h e s a l e of s i n g l e and j o i n t [ c r e d i t ] l i f e i n s u r a n c e and c r e d i t a c c i d e n t , h e a l t h and p r o p e r t y i n s u r a n c e ; t h e new o f f i c e w i l l s e r v e c u s t o m e r s i n J a c k s o n C o u n t y , Clay C o u n t y , N o r t h e r n C a s s County, W e s t e r n L a f a y e t t e C o u n t y , and S o u t h w e s t Ray County) a t 13926 Noland C o u r t , I n d e p e n d e n c e , M i s s o u r i , t h r o u g h i t s s u b s i d i a r y , Termplan I n c o r p o r a t e d o f M i s s o u r i ( 4 / 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 o n b e h a l f of G o v e r n o r s u n d e r d e l e g a t e d a u t h o r i t y . of t h e Board H.2, 1981 No. 18 - 1 9 APPLICATIONS RECEIVED-Cont i n u e d Philadelphia U n i v e s t C o r p o r a t i o n of P e n n s y l v a n i a , S o u d e r t o n , P e n n s y l v a n i a , n o t i f i c a t i o n of i n t e n t to e n g a g e i n de novo a c t i v i t i e s ( a c t i v i t i e s t h a t may be c a r r i e d on by an i n v e s t m e n t a d v i s e r , i n c l u d i n g o f f e r i n g port fo i i o i n v e s t m e n t a d v i c e to i n d i v i d u a l s , c o r p o r a t i o n s , g o v e r n m e n t a l e n t i t i e s , p e n s i o n and p r o f i t s h a r i n g p l a n s , p r i v a t e f o u n d a t i o n s and e n d o w m e n t s , and o t h e r i n s t i t u t i o n s ) from a n o f f i c e i n Boca R a t o n , F l o r i d a , s e r v i n g t h e s t a t e s o f F l o r i d a , G e o r g i a , Alabama, S o u t h C a r o l i n a and North C a r o l i n a , through i t s s u b s i d i a r y , Union Investment P l a n n i n g , I n c . , d . b . a . Union F i n a n c i a l A d v i s o r y Company ( 4 / 2 8 / 8 1 ) 3/ Atlanta B a r n e t t Banks o f F l o r i d a , I n c . , J a c k s o n v i l l e , F l o r i d a , n o t i f i c a t i o n of i n t e n t to e n g a g e i n de novo a c t i v i t i e s ( p e r f o r m i n g o r c a r r y i n g on any o n e or more of the f u n c t i o n s o r a c t i v i t i e s t h a t may be performed or c a r r i e d on by t r u s t company ( i n c l u d ing a c t i v i t i e s of a f i d u c i a r y , agency, or c u s t o d i a n n a t u r e ) a t 100 N o r t h Bay S t r e e t , E u s t i s , F l o r i d a , t h r o u g h a s u b s i d i a r y , B a r n e t t Banks T r u s t Company, N.A. ( 4 / 2 7 / 8 1 ) 3 / Kansas C i t y N o r t o n v i l l e B a n c s h a r e s , I n c . , N o r t o n v i l l e , K a n s a s , for a p p r o v a l t o a c q u i r e N o r t h e a s t Kansas A g e n c y , I n c . , N o r t o n v i l l e , K a n s a s , and t h e r e b y e n g a g e in t h e s a l e o f g e n e r a l i n s u r a n c e i n a community o f l e s s t h a n 5 , 0 0 0 p o p u l a t i o n Kansas C i t y P a d g e t t A g e n c y , I n c . , G r e e n l e a f , K a n s a s , for a p p r o v a l to a c q u i r e 3 3 . 6 3 p e r c e n t of the v o t i n g s h a r e s of G r e e n l e a f Development Company, I n c . , G r e e n l e a f , Kansas Dallas B a y l o r Bancs h a r e s , I n c . , Seymour, 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 e n g a g e i n cle novo a c t i v i t i e s ( i n c o m m e r c i a l r e a l e s t a t e f i n a n c i n g a c t i v i t i e s ; t h e s e a c t i v i t i e s would i n c l u d e the e x t e n s i o n o f d i r e c t l o a n s to b u s i n e s s e s , i n d i v i d u a l s , c o r p o r a t i o n s , p a r t n e r s h i p s and p r o p r i e t o r s h i p s , f o r the p u r c h a s e or c o n s t r u c t i o n o f b u i l d i n g s , o r f a c i l i t i e s for c o m m e r c i a l p u r p o s e s ; a l s o , t h e d i s c o u n t of n o t e s o r c o n t r a c t s , t h e p u r c h a s e and s a l e of n o t e s r e l a t e d to t h e r e a l e s t a t e f i n a n c ing b u s i n e s s ) a c t i v i t i e s w i l l be s e r v e d from t h e above addr e s s to an a r e a of t h o s e c o n t i g u o u s c o u n t i e s w i t h i n a 100 m i l e r a d i u s , t h r o u g h i t s s u b s i d i a r y , B a y l o r Mortgage C o . , I n c . ( 4 / 1 7 / 8 1 ) 3/ San Francisco BankAmerica 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 e n g a g e i n de novo a c t i v i t i e s ( t o e n g a g e i n a c t i v i t i e s i n c i d e n t a l t o t h e s a l e of t r a v e l e r s c h e c k s ) a t 3 5 D a v i e s S t r e e t , t h r o u g h i t s s u b s i d i a r y , BA Cheque C o r p o r a t i o n , L o n d o n , England ( 4 / 2 4 / 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 o n b e h a l f o f of G o v e r n o r s under d e l e g a t e d a u t h o r i t y . t h e Board H.2, 1981 No. 18 - 20 - APPLICATIONS RECEIVED-Cont i n u e d San Francisco BankAmerica 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 r e l o c a t e de novo a c t i v i t i e s (making o r a c q u i r i n g , f o r i t s own a c c o u n t l o a n s and o t h e r e x t e n s i o n s o f c r e d i t such as would be made o r a c q u i r e d by a f i n a n c e company; s e r v i c i n g 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 ; and o f f e r i n g c r e d i t - r e l a t e d l i f e i n s u r a n c e and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e ; such a c t i v i t i e s w i l l i n c l u d e , but n o t be l i m i t e d t o , making consumer i n s t a l l m e n t l o a n s , p u r c h a s i n g 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 l o a n s and o t h e r e x t e n s i o n s o f c r e d i t t o s m a l l b u s i n e s s e s , making l o a n s s e c u r e d by r e a l and p e r s o n a l p r o p e r t y , and o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d 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 made or a c q u i r e d by F i n a n c e A m e r i c a C o r p o r a t i o n ) frcm 5 4 0 3 E a s t D r i v e A r b u t u s , Maryland t o L a k e f r o n t North B u i l d i n g , 5550 S t e r r e t t P l a c e , C o l u m b i a , M a r y l a n d , s e r v i n g t h e e n t i r e s t a t e o f Maryl a n d , through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Corp o r a t i o n ( a Maryland C o r p o r a t i o n ) ( 4 / 3 0 / 8 1 ) 3/ 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 e n g a g e i n de novo a c t i v i t i e s (making o r a c q u i r i n g , f o r i t s own a c c o u n t o r f o r t h e a c c o u n t of o t h e r s , l o a n s 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 c o n s u m e r 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 l o a n s t o s m a l l b u s i n e s s e s and o t h e r e x t e n s i o n s o f 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 c o n s u m e r f i n a n c e company) a t 18552 MacArthur B o u l e v a r d , I r v i n e ; 10103 C a r r o l l Canyon Road, San D i e g o and One Market P l a z a , Spear S t r e e t Tower, San F a n c i s c o C a l i f o r n i a , s e r v i n g t h e S t a t e of C a l i f o r n i a , t h r o u g h 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 Finance Business Center Inc. ( 4 / 3 0 / 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 e n g a g e i n de novo a c t i v i t i e s (making o r a c q u i r i n g , f o r i t s own a c c o u n t or f o r the a c c o u n t of o t h e r s , l o a n s 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 l o a n s t o s m a l l b u s i n e s 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 such as would be made by a f a c t o r i n g company o r a c o n s u m e r f i n a n c e company) a t 80 S o u t h Lane, P a s a d e n a , C a l i f o r n i a s e r v i n g t h e S t a t e of C a l i f o r n i a , 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 Finance Business Center Inc. ( 4 / 2 8 / 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 t h e R e s e r v e Bank o n b e h a l f o f of G o v e r n o r s under d e l e g a t e d a u t h o r i t y . t h e Board H.2, 1981 No. 18 - 2 1 REPORTS RECEIVED C u r r e n t R e p o r t F i l e d P u r s u a n t to S e c t i o n 13 of The S e c u r i t i e s Exchange Act The Community Bank o f F o r e s t , * * * Forest, Virginia * * PETITIONS FOR RULEMAKING None. I
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