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BUARO OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1983 No. 20) Actions of the Board; Applications and Reports Received During tne Week Ending May 21, 1983 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Revision and s i m p l i f i c a t i o n of Regulation T--extensions of margin c r e d i t by brokers and dealers. The Board proposed f o r public comment revisions of i t s rules regarding loans by state member banks to c e r t a i n insiders, to implement recent l e g i s l a t i v e changes; the Board asked for comment by June 20, 1983. Bank holding companies and change in bank c o n t r o l ; the Board proposed for public comment a complete overhaul and updating of the Board's Regulation Y; requested comment by July 18, 1983. Philadelphia Merchants National Bank of Shenandoah, Shenandoah, Pennsylvania, proposal to merge with M.S. National Bank, Shenandoah, Pennsylvania, under the charter and t i t l e of The Merchants National Bank of Shenandoah; report transmitted to the Comptroller of the Currency on competitive factors. J / Philadelphia Miners National Bank of P o t t s v i l l e , P o t t s v i l l e , Pennsylvania, proposal to merge with Miners Interim National Bank, P o t t s v i l l e , Pennsylvania, under the t i t l e of The Miners National Bank and the charter of Miners Interim National Bank; report to the Comptroller of the Currency on competitive factors. ] / Philadelphia Merchants of Shenandoah Ban-corp, Shenandoah, Pennsylvania, extension of time to September 4, 1983, w i t h i n which to consummate the formation of the bank holding company through the acquisition of 100 percent of the voting shares of Merchants ftational ban* of Shenandoah. 1/ T/ * Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1983 No. 20 - I ACTIONS OF THE BOARD - Continued Ricnoond Pee Dee State Bank, Timmonsville, South Carolina, t o invest i n bank premises. \J Richmond Farmers 8 Merchants Bank, Fredericksburg, V i r g i n i a , to invest i n bank premises. V Atlanta Union State Bank, Pel 1 C i t y , Alabama, proposed merger with New Union State Bank, Pell C i t y , Alabama; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . \J Atlanta National Bank of Georgia, Atlanta, Georgia, proposed merger with NG8 Cobb Bank, Marietta, Georgia, NBG Gwinnett Bank, Buford, Georgia, and NBG Clayton Bank, Riverdale, Georgia; report to the Comptroller of the Currency on competitive factors. ] / Atlanta Gwinnett Holding Corporation, S n e l l v i l l e , Georgia, extension of time u n t i l September 9, 1983, within which to become a bank holding company through the acquisition of Fulton Bancshares, I n c . , S n e l l v i l l e , Georgia. V Atlanta F i r s t North Port Bancorp, North Port, Florida, extension of time u n t i l June 23, 1983, within which to become a bank holding company through the acquisition of North Port Bank, North Port, Florida. \ J Atlanta Sunset Financial Corp., Miami, Florida, extension of time u n t i l August 22, 1983, w i t h i n which to become a bank holding company through the acquisition of Sunset Commercial Bank, Miami, Florida. V Atlanta CBA Bancshares, I n c . , Americus, Georgia, extension of time u n t i l August 24, 1983, within which to become a bank holding company through the acquisition of Citizens Bank of Americus, Americus, Georgia. J / Cnicago FIRST LaPORTE FINANCIAL CORP., LaPorte, Indiana, extension of time t o July 12, 1983, w i t h i n which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to F i r s t National Bank and Trust Company of La Porte, La Porte, Indiana. 1/ J7 Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, NO. 2U - 3 ACTiUNS THE BJAKU . Continued Chicago f&b, I n c . . Chicago, I l l i n o i s , extension of time to August 21 , 1983, w i t h i n which to become a bank holding company through the acquisition of 75 percent or more of the voting shares of National Boulevard Ban# of Chicago, Chicago, I l l i n o i s . ]_/ Chicago I . V. Bancorp*, I n c . , Peru, I l l i n o i s , extension of time to August 17, 1983, within which to become a bank holding company through the acquisition of 80 percent or more of the voting shares of F i r s t National Bank i n Peru, Peru, I l l i n o i s . 2/ Chicago Jefferson Bankshartis Corp., Chicago, I l l i n o i s , extension of time to July 24, 1983, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to Jefferson State Bank, Chicago, I l l i n o i s . ] / Chicago F i r s t State Bancorp of Princeton, I l l i n o i s , I n c . , Princeton, I l l i n o i s , extension of time to June 21, 1983, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to F i r s t State Bank of Princeton, Princeton, I l l i n o i s , and 80 percent or more of the voting shares of Farmers 1 State Bank of S h e f f i e l d , I l l i n o i s , S h e f f i e l d , IIlinois, V St. Louis Mercantile Bancorporation additional extension of w i t h i n which to acquire National Bank, Clayton, bank. ] / St. Louis Farmers National Bank of Danville, Danville, Kentucky, proposal to merge with Boyle National Bank, Danville, Kentucky; report to the Comptroller of the Currency on competitive fa cto rs. Y/ Kansas City F i r s t National Bank in Goodland, Good land, Kansas, proposal to merge with KNB National Bank, Goodland, Kansas, and to operate under the t i t l e of F i r s t National Bank in Goodland, Goodland, Kansas; report to the Comptroller of the Currency on competitive f act ors. 1/ T/ ~~ I n c . , St. Louis, Missouri, time u n t i l August 22, 1983, and open Clayton Mercantile Missouri, a proposed new Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1983 No. 20 - 4 ACTIONS OF THE BOARD - Continued Kansas City F i r s t Wyoming Bancorporation, Cheyenne, Wyoming, extension of time to September 2, 1983, within which to consummate the acquisition of Bank of Laramie, Laramie, Wyoming. ] / Kansas City Cook Investment, I n c . , Beatrice, Nebraska, extension of time to June 4, 1983, within which to consummate the acquisition of Beatrice National Corporation, Beatrice, Nebraska. J / Kansas City Cedar Rapids State Company, Cedar Rapids, Nebraska, extension of time to August 22, 1983, within which to consummate the acquisition of Cedar Rapids State Bank, Cedar Rapids, Nebraska. V Kansas City Bank of Love County, Marietta, Oklahoma, a proposed new bank, extension of time t o December 3, 1983, w i t h i n which to accomplish membership in the Federal Reserve System. J / Dallas Western Bancorporation, I n c . , Houston, Texas, extension of time to June 30, 1983, within which to consummate the acquisition of Western Bank-North Wi1 crest, N.A., Houston, Texas, a proposed new bank, y Dallas F i r s t National Bank of Poth, Poth, Texas, proposed merger with New F i r s t State Bank of Poth, Poth, Texas; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s , y Dallas F i r s t New Mexico Financial Corporation, Deming, New Mexico, extension of time to August 11, 1983, w i t h i n which to consummate the acquisition of Demi ng National Bank, Demi ng, New Mexico, y Dallas Lancaster Bancs hares, I n c . , Lancaster, Texas, extension of time to August 18, 1983, within which to consummate the acquisition of The F i r s t National Bank of Lancaster, Lancaster, Texas. J / Dallas F i r s t Commonwealth Bancs hares, I n c . , B e l l a i r e , Texas, extension of time to August 16, 1983, within which to consummate the acquisition of The Commonwealth Bank, B e l l a i r e , Texas. 1/ TJ ~ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1983 No. 20 - 5 ACTIONS OF THE BOARD - Continued San Francisco Regulation G, deregistration as a lender on securities of the following: Logicon, Inc., Torrance, California, and Shiley, I n c . , I r v i n e , California. J / San Francisco F i r s t Interstate Bank of California, Los Angeles, C a l i f o r n i a , extension of time to May 20, 1983, w i t h i n which to establish a branch o f f i c e in the v i c i n i t y of the intersection of California and West North Streets, City of Woodland, California. 1/ San Franci sco F i r s t Interstate Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a , extension of time to May 28, 1984, within which to establish a branch office i n the v i c i n i t y of the intersection of Brookhurst Street and La Alameda Avenue, City of Fountain Valley, California. 1/ San Francisco Regulation G, deregistration as a lender on securities of The Christiana Companies, I n c . , San Diego, C a l i f o r n i a . 1/ 77 "" Application processed on behalf of the Board of Governors under delegated authority. H.2, 1983 No. 20 - 6 ACTIONS OF THE BOARD - Continued To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Approved The Bank of New York, New York, New York. To establish an o f f s i t e electronic f a c i l i t y to be located at B e l l ' s Food Center, I n c . , 320 West Avenue, Village of Albion, New York. 1/ New York New York Commercial Trust Company of New Jersey, Jersey C i t y , New Jersey. To establish 123 o f f s i t e electronic f a c i l i t i e s i n New Jersey. J / Cleveland The Ohio Bank 8 Savings Company, Findlay, Ohio. To establish an automated t e l l e r f a c i l i t y at 2021 Broad Avenue, Findlay, Ohio. 1J To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Approved Planters Bank & Trust Company, Hopkinsville, Kentucky, to merge w i t h The Big Friendly Bank Corporation, Hopkinsville, Kentucky. 1/ St. Louis Issued Intent Not to Disapprove Change of Control Pursuant to Change i n Bank Control Act of 1978 Minneapolis TJ Not Disapproved Byron Bancorporation, I n c . , Byron, Minnesota. ]_/ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . M.?, 1983 No. 20 - 7 ACTIONS OF THE BOARD - Continued To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Minneapolis Approved Mountain Plains Bank, Spearfish, South Dakota. ]_/ 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 Approved F i r s t Interstate International of Oregon, Portland, Oregon: no objection to i t s establishing a domestic branch i n Boise, Idaho. ]_/ San Francisco New York Sixty-Pay N o t i f i c a t i o n Period Allowed to Expire Citibank Overseas Investment Corporation, Wilmington, Delaware: no objection to make an additional investment i n i t s wholly owned subsidiary, Citibank Financial Trust Limited, London, England. New York Citibank Overseas Investment Corporation, Wilmington, Delaware: no objection to acquire, d i r e c t l y or i n d i r e c t l y , additional shares of The Diners Club Benelux S.A., Brussels, Belgium. To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Kansas City j7 ~ Withdrawn Marshall Bancshares, I n c . , Marshall, Oklahoma, f o r approval to acquire at least 80 percent of the voting shares of Bank of Marshall, Marshall, Oklahoma. Application processed on behalf of the Board of Governors under delegated authority. H.2, i y t i Mo. 20 - 8 * ACTIONS Of THE BOARD - Continued Cleveland Approved Belmont Bancorp, Bridgeport, Ohio, for approval to acquire 100 percent of the voting shares of Belmont County National Bank, St. C l a i r s v t l l e , Ohio, j y Cleveland Trans Kentucky Bancorp, P i k e v i l l e , Kentucky, f o r approval to acquire 100 percent of the voting shares of The Citizens Bank of P i k e v i l l e , Pikev i l l e , Kentucky. 1/ Richmond F i r s t Bankshares, I n c . , Barboursville, West V i r g i n i a , for approval to acquire 80 percent or more of the voting shares of The F i r s t State Bank, Barboursville, West V i r g i n i a . Atlanta Banco Nororiental de Venezuela, C.A., Caracas, Venezuela; Corpofin, C.A., Caracas, Venezuela; and Corpofin, N.V., Netherlands A n t i l l e s , f o r approval to acquire at least 16.2 percent, 55.96 percent, and 62.18 percent of the voting shares of Peoples Hialeah National Bank, Hialeah, F l o r i d a , respectively. Atlanta Colony Bankcorp, I n c . , Fitzgerald, Georgia, f o r approval to acquire 100 percent of the voting shares of The Bank of F i t z g e r a l d , Fitzgerald, Georgia. 1/ Atlanta F i r s t National Bankshares, I n c . , Stuart, F l o r i d a , for approval to acquire 100 percent of the voting shares of F i r s t National Bank and Trust Company, Stuart, Florida. Atlanta F i r s t United Bancorp, I n c . , Florence, Alabama, f o r approval to acquire 100 percent of the voting shares of The F i r s t National Bank of Florence, Florence, Alabama. 1/ Atlanta North East Bancs hares, I n c . , Henagar, Alabama, f o r approval to acquire at least 80 percent of the voting shares of Northeast State Bank of Alabama, Henagar, Alabama. J / Chicago F i r s t State Bancorp, I n c . , Marion, Indiana, f o r approval to acquire 100 percent of the voting shares of the successor by merger to F i r s t State Bank of Dunkirk, Dunkirk, Indiana. 1/ J7 Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1983 No. 20 ACTIONS OF THE BOARD - Continued Chicago F i r s t State Bancorp, I n c . , Marion, Indiana, f o r approval to acquire 100 percent of the voting shares of the successor by merger to F i r s t State Bank of Dunkirk, Dunkirk, Indiana. V St. Louis Century State Bancshares, I n c . , Columbia, Missouri, for approval to acquire at least 80 percent of the voting shares of Century State Bank, Columbia, Missouri. J / St. Louis F i r s t Bank Capital Corporation, Tupelo, Mississippi, for approval to acquire 100 percent of the voting shares of the successor by merger to F i r s t Citizens National Bank, Tupelo, Mississippi. J / St. Louis Planters Financial Corporation, Hopkinsville, Kentucky, for approval to acquire 100 percent of the voting shares of Planters Bank 8 Trust Company, Hopki nsvi1le, Kentucky. V Minneapolis Clear Lake Bancorp, I n c . , Clear Lake, Wisconsin, for approval to acquire at least 80.6 percent of the voting shares of Bank of Clear Lake, Clear Lake, Wisconsin. V Mi nneapo1is Martinius Corporation, Rogers, Minnesota, f o r approval to acquire at least 91 percent of the voting shares of State Bank of Rogers, Rogers, Minnesota. J / Dal las Jena Holding Company, New Orleans, Louisiana, for approval to acquire at least 88.6 percent of the voting shares of LaSalle Bancshares, I n c . , Jena, Louisiana and i n d i r e c t l y acquire 96.8 percent of the voting shares of The LaSalle State Bank, Jena, Louisiana. J_/ Dal las Uvalde Bancshares, I n c . , Uvalde, Texas, f o r approval to acquire 100 percent of the voting shares of The Uvalde Bank, Uvalde, Texas. J / Dal las Walz-Stuart Agency, I n c . , St. Paul, Minnesota, for approval to acquire at least 70.6 percent of the voting shares of F i r s t Sierra National Bank, Truth or Consequences, New Mexico. J_/ San Franci sco Central Bancorporation, Wenatchee, Washington, for approval to acquire 100 percent of the voting shares of Central Washington Bank, Wenatchee, Washington. JJ Tj Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1983 No. 20 - 10 ACTIONS OF THE BOARD - Continued San Francisco North American Bancorp, Los Angeles, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of International Bank of North America, National Association, Los Angeles, C a l i f o r n i a , a proposed new bank. ]J * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Philadelphia Approved Independence Bancorp, I n c . , Perkasie, Pennsylvania, for approval to acquire 100 percent of the voting shares of Union Bank and Trust Company of Eastern Pennsylvania, Bethlehem, Pennsylvania. J\J Cleveland Union National Corporation, Mt. Lebanon, Pennsylvania, for approval t o acquire 100 percent of the voting shares of The McDowell National Bank of Sharon, Sharon, Pennsylvania. ] J Richmond One Valley Bancorp of West V i r g i n i a , I n c . , Charleston, West V i r g i n i a , f o r approval to acquire 100 percent of the voting shares of the successor by merger to The Security Bank of Huntington, Huntington, West V i r g i n i a . J / Chicago F i r s t I I l i n o i s Corporation, Evanston, I l l i n o i s , f o r approval to acquire 100 percent of the voting shares of the successor by merger to The Wilmette Bank, WiImette, I l l i n o i s . J / St. Louis Union I l l i n o i s Company, East St. Louis, I l l i n o i s , f o r approval to acquire at least 81.0 percent of the voting shares of The State Bank of J e r s e y v i l i e , J e r s e y v i l l e , I l l i n o i s . ]J Minneapolis S t i l l w a t e r Holding Company, S t i l l w a t e r , Minnesota, for approval to acquire at least 98 percent of the voting shares of F i r s t State Bank of Hugo, Hugo, Minnesota. 1/ T7 Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.Z, 1983 No. 20 - 11 ACTIONS OF THE BOARD - Continued To Expand a Bank Hoiding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Philadelphia Philadelphia Approved Fidelcor, I n c . , Rosemont, Pennsylvania, for approval to merge w i t h Southeast National Bancs hares of Pennsylvania, I n c . , Malvern, Pennsylvania and i n d i r e c t l y acquire Southeast National Bank of Pennsylvania, Malvern, Pennsylvania. Independence Bancorp, I n c . , Perkasie, Pennsylvania, for approval to merge with Cheltenham Corporation, Cheltenham, Pennsylvania and i n d i r e c t l y acquire Cheltenham Bank, Cheltenham, Pennsylvania. JJ * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Atlanta San Francisco TJ Withdrawn City National Bank Corporation, Miami, Florida, f o r approval to acquire 100 percent of the voting shares of Oatatel of F l o r i d a , I n c . , Alexandria, V i r g i n i a . BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of intent to expand de novo a c t i v i t i e s (in the additional a c t i v i t y of issuing investment c e r t i f i c a t e s under the Minnesota Industrial Loan and T h r i f t Company A c t , and to continue to engage i n the a c t i v i t i e s of making or acquiring f o r i t s own account loans and other extensions of c r e d i t such as are made or acquired by a finance or i n d u s t r i a l loan company, servicing loans and other extensions 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 , c r e d i t - r e l a t e d accident and health, and c r e d i t - r e l a t e d property insurance; the aforementioned types of c r e d i t - r e l a t e d insurance are permissible under Section 4(c)(8)(D) of the Bank Holding Company Act of 1956, as amended by the Garn-St. Germain Depository I n s t i t u t i o n s Act of 1982; such a c t i v i t i e s w i l l include, but not be l i m i t e d t o , issuing investment c e r t i f i c a t e s ( i n t r a s t a t e o n l y), making consumer installment loans, purchasing installment sales finance contracts, making loans and other extensions Application processed on benalf of the Board of Governors under delegated a u t h o r i t y . H.2, !9Hi No. iTU ACTIONS OF THE BOARD - Continued of c r e d i t to businesses, making loans secured by real and personal property and offering c r e d i t related l i f e insurance, credit-related accident and health insurance, and c r e d i t - r e l a t e d property insurance in connection with extensions of credit made or acquired by FinanceAmerica T h r i f t Corporation; c r e d i t - r e l a t e d l i f e and credit-related accident and health insurance may be reinsured by BA Insurance Company, I n c . , an a f f i l i a t e of FinanceAmerica T h r i f t Corporation) i n St. Cloud, Minnesota, serving the state of Minnesota, through i t s indirect subs i d i a r y , FinanceAmerica T h r i f t Corporation (a Minnesota corporation) (5/20/83) 3/ New York Minneapolis San Franc)sco New York T7 3/ - Returned C i t i c o r p , New York, New York, f o r approval to engage d i r e c t l y or i n d i r e c t l y through Citicorp Services, I n c . , New York, New York, i n the c o l l e c t i o n , processing and settlement of money orders and payment instruments having a maximum face value of $100,000. Approved Martinius Corporation, Rogers, Minnesota, for approval to engage in general insurance a c t i v i t i e s in a town with less than 5,000 population. ]_/ Zions Utah Bancorporation, Salt Lake C i t y , Utah, for approval to acquire the assets and assume the l i a b i l i t i e s of Republic Industrial Bank, Widefield, Colorado and engage i n the a c t i v i t i e s of industrial banking and c r e d i t - r e l a t e d insurance sales. \J Permitted C i t i c o r p , New York, New York, requests permission t o establish two de novo o f f i c e s engaging i n the following a c t i v i t i e s (the making or acquiring of loans and other extensions of c r e d i t , secured or unsecured, for consumer and other purposes; the sale of c r e d i t - r e l a t e d l i f e and accident and health insurance by licensed agents or brokers, as required; the sale of consumer oriented financial management courses; tne servicing, for any person, of loans and other extensions of c r e d i t ; the making, acquiring, and servicing, for i t s own account and for the account Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . 4(c)(8) n o t i f i c a t i o n processed by Reserve.Bank on behalf of the Board of Governors under delegated authority. H.2, 1983 No. 20 - 13 ACTIONS OF THE BOARD - Continued of others, of extensions of credit to individuals secured by liens on residential or non-residential real estate; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y related to extensions of mortgage loans) at Building Eight, New England Executive Park, Burlington, Massachusetts, through i t s subsidiaries, Citicorp Person-to-Person Financial Center, Inc. (Delaware) and Citicorp Homeowners, Inc. (5/15/83) 3/ Cleveland Mellon National Corporation, Pittsburgh, Pennsylvania, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (the general a c t i v i t i e s of a mortgage banking company, including the o r i g i n a t i o n , sale and servicing of mortgage loans which encompasses the origination of one-to-four family residential mortgage loans, residential and commercial construction loans, and multi-family residential and nonresidential mortgage loans; the sale and servicing of such loans for i n s t i t u t i o n a l investors; and the sale of c r e d i t related insurance including credit-accident and health, c r e d i t - l i f e , and property and credit-related casualty insurance related to extensions of credit [such sale of c r e d i t - r e l a t e d insurance being a permissible a c t i v i t y under Subparagraph D of T i t l e VI of the Garn-St. Germain Depository I n s t i t u t i o n s Act of 1982]) at 300 East McNeese Street, Lake Charles, Louisiana, through i t s subsidiary, Carruth Mortgage Corporation (5/15/83) 3/ Cleveland PNC Financial Corp, Pittsburgh, Pennsylvania, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (making or acquiring and servicingTor i t s own accounts and/or the accounts of others, loans and other extensions of credit) i n the metropolitan area of Dallas, Texas, through i t s subsidiary, The Kissell Company (5/19/83) 3/ Atlanta Citizens and Southern Georgia Corporation, Atlanta, Georgia, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (in consumer and commercial finance a c t i v i t i e s , including the extension of direct loans to consumers, the discount of r e t a i l and installment notes or contracts, the purchase of real estate notes, the extension of direct loans to dealers for the financing of inventory [ f l o o r planning], and working capital purposes; making, acquiring or s o l i c i t i n g , for i t s own account or for the account of others, loans and other extensions of c r e d i t ; and acting as agent for the sale of l i f e , accident and 37 ~ 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1983 No. 20 - 14 ACTIONS OF THE BOARD - Continued health, and physical damage insurance d i r e c t l y related to i t s extensions of c r e d i t ) at 5536 Central Avenue, St. Petersburg, Florida and 671 Seville Road, South Daytona, F l o r i d a , serving the areas in and surrounding Tampa/St. Petersburg and South Daytona, Florida, and Central F l o r i d a , through i t s subsidiaries, Family Credit Services, I n c . ; Family Credit Services, Inc. (FLA) and Family Mortgage Brokers, Inc. (5/16/83) 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 intent to engage in de novo a c t i v i t i e s (in performing or carrying on any one or more of the functions or a c t i v i t i e s t h a t may be performed or carried on by a t r u s t company [including a c t i v i t i e s of a f i d u c i a r y , agency or custodial nature]) at 14625 N. Del Webb Blvd., Sun C i t y , Arizona, the geographic area to be served w i l l be Sun C i t y , Arizona, through i t s wholly-owned subsidiary, F i r s t Chicago Trust Company of Arizona (5/15/83) 3/ Chicago Franklin Capital Corporation, Wilmette, I l l i n o i s , n o t i f i c a t i o n of intent to acquire 100 percent of the voting shares of A f f i l i a t e d Secured Lending Services, I n c . , Wilmette, I l l i n o i s , and to engage as agent in servicing f o r the account of others, loans and other extensions of c r e d i t (5/15/83) 3/ Minneapolis Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (the o f f e r i n g f o r sale of travelers checks) these a c t i v i t i e s would be conducted i n the States of Alabama, Arizona, C a l i f o r n i a , Colorado, Connecticut, F l o r i d a , Hawaii, Idaho, I l l i n o i s , Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Washington and Wyoming, through Dial Corporation or designated consumer finance subsidiaries of Dial at t h e i r respective branch o f f i c e s (5/20/83) 3/ San Franci sco BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of intent to expand de novo a c t i v i t i e s (making or acquiring for i t s own account loans and other extensions of c r e d i t such as would be made or 37 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1983 No. 20 - 15 ACTIONS OF THE BOARD - Continued acquired by a finance company; servicing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t related l i f e insurance, c r e d i t - r e l a t e d accident and health insurance and c r e d i t - r e l a t e d property insurance; the aforementioned types of c r e d i t - r e l a t e d insurance are permissible under Section 4(c)(8)(0) of the Garn-St. Germain Depository I n s t i t u t i o n s Act of 1982; such a c t i v i t i e s w i l l include, but not be l i m i t e d t o , making consumer installment loans, purchasing installment sales finance contracts, making loans and other extensions of c r e d i t secured by real and personal property, 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 , c r e d i t - r e l a t e d accident and health and c r e d i t - r e l a t e d property insurance d i r e c t l y related to extensions of c r e d i t made or acquired by FinanceAmerica Corporation; c r e d i t related l i f e and c r e d i t - r e l a t e d accident and health insurance may be reinsured by BA Insurance Company, I n c . , an a f f i l i a t e of FinanceAmerica Corporation) in Anniston, Alabama, serving the e n t i r e state of Alabama, through i t s i n d i r e c t subsidiary, FinanceAmerica Corporation (an Alabama corporation) (5/20/83) 3/ San Franci sco The Wilshire Bancorporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (conducting interest rate s e n s i t i v i t y analyses on behalf of subscribers, furnishing pro-forma p o l i c i e s , procedures, and internal controls to subscribing financial i n s t i t u t i o n s and non-bank depository i n s t i t u t i o n s ; Applicant also proposes to engage from time to time in providing cons u l t i n g t o subscribers on topics generally encompassing effects of i n t e r e s t rate s e n s i t i v i t y on earnings, t r a d i t i o n a l methods of adjusting a s s e t - l i a b i l i t y interest rate s e n s i t i v i t y mismatches, and regulated means of i n t e r e s t income protection) at 4155 Wilshire Boulevard, Los Angeles, C a l i f o r n i a , serving the state of California (5/20/83) 3/ * 17 * * * * 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1983 No. 20 - 16 ACTIONS OF THE BOARD - Continued To Issue Eligible Acceptances up to 200 Percent of Paid-in Capital and Surplus New York J7 ~ Approved The Chase Manhattan Bank, National Association, New York, New York, f o r approval to create acceptances up t o 200 percent of i t s paid up and unimpaired capital stock and surplus. JJ Application processed on behalf of the Board of Governors under delegated authority. - 17 - H.2, 1983 No. 20 APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant To Section 9 of the Federal Reserve Act New York The Bank of New York, New York. To establish an o f f s i t e electronic f a c i l i t y at C-8, Green Acres M a l l , Valley Stream, New York. 2/ Richmond Salem Bank and Trust, Salem, V i r g i n i a . To establish a branch in the West Gate Shopping Center, 1300 West Main S t r e e t , Salem, V i r g i n i a . 2/ Chicago Isabella Bank and Trust, Mount Pleasant, Michigan. To establish a branch at 139 Broadway, Mount Pleasant, Michigan. 2/ Kansas City The F i r s t State Bank, F a i r f a x , Oklahoma. To establish a branch f a c i l i t y to be located at 520 Main Street, Ralston, Oklahoma. 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant t o Section 9 of the Federal Reserve Act St. Louis Madison Exchange Bank, Fredericktown, Missouri. 2/ * * * * * 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 Tj Bankers International Corporation, New York, New York: requests consent to continue to hold i t s investment in United Bank of Africa L t d . , Lagos, Nigeria, a f t e r United Bank establishes a Federal licensed branch in New York C i t y . Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1983 No. 20 -18APPLICATIONS RECEIVED - Continued New York Citibank I n t e r n a t i o n a l , Miami, Florida: p r i o r notice of intent to continue to hold, d i r e c t l y or i n d i r e c t l y shares of Citibank S.A., Paris, France a f t e r Citibank France establishes a de novo mutual fund, Societe d'lnvestissement a Capital Variable, Paris, France. New York Citibank, N. A., New York, New York, on behalf of i t s wholly owned Edge corporation, Citibank International , Miami, Florida: prior notice of intent to open a branch of Edge at the San Francisco International A i r p o r t , San Francisco, C a l i f o r n i a . New York European American Bank International, Miami, Florida: requests approval to relocate i t s home o f f i c e to Los Angeles, C a l i f o r n i a ; to change i t s name to European American Bank International , Los Angeles; and to amend A r t i c l e s FIRST, THIRD AND FOURTH of i t s A r t i c l e s of Association to r e f l e c t these changes. Atlanta Barnett Banks of F l o r i d a , I n c . , Jacksonville, Florida: requests consent to establish an international finance subsidiary i n Curacao, Netherlands A n t i l l e s , t o be known as Barnett Overseas Finance, N.V. * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Boston Community Bancorp, Derby, Vermont, for approval to acquire 100 percent of the voting shares of Community National Bank, Derby, Vermont. 2/ New York United Counties Bancorporation, Cranford, New Jersey, for approval to acquire 100 percent of the voting shares of United Counties Trust Company, Elizabeth, New Jersey. 2/ Philadelphia IVB Financial Corporation, Philadelphia, Pennsylvania, for approval to acquire 100 percent of the voting shares of Industrial Valley Bank and Trust Company, Jenkintown, Pennsylvania. 2/ Tj Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1983 No. 20 - 19 APPLICATIONS RECEIVED - Continued Cleveland F i r s t & Farmers Bancs hares, I n c . , Somerset, Kentucky, for approval to acquire at least 80.26 percent of the voting shares of F i r s t and Farmers Bank of Somerset, I n c . , Somerset, Kentucky. 1} Cleveland Miami Citizens Bancorp, Piqua, Ohio, f o r approval to acquire at least 80 percent of the voting shares of Miami Citizens National Bank & Trust Company» Piqua, Ohio. 2/ Richmond F i r s t National Bankshares, I n c . , Emporia, V i r g i n i a , for approval to acquire 100 percent of the voting shares of The F i r s t National Bank of Emporia, Emporia, V i r g i n i a . 2/ Richmond FWB Bancorporation, Rockville, Maryland, f o r approval to acquire 100 percent of the voting shares of F i r s t Women's Bank of Maryland, I n c . , Rockville, Maryland. 2/ Richmond Raleigh Bankshares, I n c . , Beckley, West V i r g i n i a , f o r approval to acquire 100 percent of the voting shares of Bank of Raleigh, Beckley, West V i r g i n i a . If Atlanta American Bancorp, I n c . , Opelousas, Louisiana, for approval to acquire 100 percent of the voting shares of American Bank and Trust Company, Opelousas, Louisiana. 2/ Atlanta NBG Holding Company, Atlanta, Georgia, f o r approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of The National Bank of Georgia, A t l a n t a , Georgia. Zj Chicago Bridgeview Bancorp, I n c . , Bridgeview, I l l i n o i s , f o r approval to acquire at least 80 percent of the voting shares of Bridgeview Bank and Trust Company, Bridgeview, I l l i n o i s . 2/ Chicago Miles-Bowen Bancshares, I n c . , Bowen, I l l i n o i s , f o r approval to acquire at least 80 percent or more of the voting shares of Bowen State Bank, Bowen, I l l i n o i s . 2/ 27 Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1983 No. 20 - 2U - APPLICATIONS RECEIVED - Continued Chicago Spartan Bankcorp, I n c . , East Lansing, Michigan, for approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' qualifying shares) of the successor by consolidation to East Lansing State Bank, East Lansing, Michigan. Zj St. Louis F i r s t Bancorp of Russell County, I n c . , Russell Springs, Kentucky, f o r approval to acquire at least 80.0 percent of the voting shares of F i r s t National Bank of Russell Springs, Russell Springs, Kentucky. 2/ St. Louis Webster Bancorp, I n c . , Clay, Kentucky, for approval to acquire at least 80 percent of the voting shares of The Farmers Bank, Clay, Kentucky. ZJ Mi nneapolis Cherokee Bancs hares, I n c . , St. Paul, Minnesota, f o r approval to acquire at least 80.3 percent of the voting shares of Cherokee State Bank of St. Paul, St. Paul, Minnesota. 2/ Kansas City City National Bancshares, I n c . , Greeley, Nebraska, for approval to acquire 100 percent of the voting shares of the City National Bank of Greeley, Greeley, Nebraska. 2/ Kansas City D. C. Bancorp, Dove Creek, Colorado, for approval to acquire at least 88.67 percent of the voting shares of Dove Creek State Bank, Dove Creek, Colorado. 2/ Kansas City F i r s t Financial Bancshares Corp., Ponca C i t y , Oklahoma, for approval to acquire at least 80 percent of the voting shares of F i r s t National Bank and Trust Company, Ponca C i t y , Oklahoma. 2/ Dal las Centex Community Bankshares, I n c . , Killeen, Texas, for approval to acquire 100 percent of the voting shares of Citizens National Bank of Killeen, Killeen, Texas. 2/ Dal las Texas Bancorporation, I n c . , Dallas, Texas, for approval to acquire at least 80 percent of the voting shares of The National Bank of Texas at Fort Worth, Fort Worth, Texas; Weatherford Bancshares, Inc., Weatherford, Texas and i n d i r e c t l y The F i r s t National Bank of Weatherford, Weatherford, Texas. 2/ 27 — Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1983 No. 20 - 21 APPLICATIONS RECEIVED - Continued Dal las Worth Bancorporation, I n c . , Fort Worth, Texas, for approval to acquire at least 80 percent of the voting shares of Lake Worth National Bank, Fort Worth, (P.O. Lake Worth), Texas. 2/ San Francisco Timber Bancorp, Roseburg, Oregon, f o r approval to acquire 100 percent of the voting shares of Timber Community Bank, Roseburg, Oregon. 2/ San Francisco Viejo Bancorp, Mission Viejo, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of the successor by merger to Mission Viejo National Bank, Mission Viejo, California. 2/ To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Atlanta Financial Growth Systems, I n c . , Inverness, Florida, for approval to acquire 100 percent of the voting shares of Citizens F i r s t National Bank of Hernando County, Hernando County, Florida, a proposed new bank. 2/ Atlanta SouthTrust Corporation, Birmingham, Alabama, for approval to acquire at least 80 percent of the voting shares of The F i r s t Bank of Alabaster, Alabaster, Alabama. 2/ Kansas City Equality Bankshares, Cheyenne, looming, for approval to acquire at least 80 percent of the voting shares of Century Bank Shares, Cheyenne, kjyoming, and i n d i r e c t l y F i r s t State Bank of Lyman, Lyman, Wyoming; Pioneer Bank Shares, Cheyenne, Hyoming, and i n d i r e c t l y Pioneer Bank of Evanston, Evanston, Wyoming; and Jeffrey Ci ty State Bar*, Jeffrey Ci t y , Wyomi ng. 2/ Kansas City United Banks of Colorado, I n c . , Denver, Colorado, for approval t o acquire 100 percent of the voting shares of United Bank of Academy Place, N.A., Colorado Springs, Colorado, a proposed new bank. 2/ 2/ Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1983 No. 20 -22APPLICATIONS RECEIVED - Continued Kansas City United Banks of Colorado, I n c . , Denver, Colorado, for approval to acquire 100 percent of the voting shares of United Bank of Fort Collins - South, N.A., Fort C o l l i n s , Colorado, a proposed new bank. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Kansas City Ameribanc, I n c . , St. Joseph, Missouri, for approval to acquire 100 percent of the voting shares of Manufacturers Bancorp, I n c . , S t . Louis, Missouri and i n d i r e c t l y Manufacturers Bank & Trust Company of St. Louis, St. Louis, Missouri, F i r s t National Bank of Franklin C i t y , Union Missouri and 1st Missouri Bank of St. Charles County, Wentzville, Missouri. 2/ Dallas Mercantile Texas Corporation, Dallas, Texas, f o r approval t o acquire 100 percent of the voting shares of F i r s t - W i c h i t a Bancshares, I n c . , Wichita F a l l s , Texas and i n d i r e c t l y First-Wichita National Bank of Wichita F a l l s , Wichita F a l l s , Texas and Southwest National Bank of Wichita F a l l s , Wichita F a l l s , Texas. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 New York 27 Marine Midland Banks, I n c . , Buffalo, New York, The Hongkong and Shanghai Banking Corporation, Hong Kong, K e l l e t t , N.V., Curacao, the Netherlands A n t i l l e s , and HSBC Holdings B.V., Amsterdam, the Netherlands, for approval to engage de novo through t h e i r subsidiary, Marine Midland Realty Credit Corporation, i n arranging equity financing f o r income-producing real properties. Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1983 No. 20 - 23 APPLICATIONS RECEIVED - Continued Philadelphia United National Bancorporation, Huntingdon, Pennsylvania, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (making or acquiring, f o r i t s own account or for the account of others, loans and other extensions of c r e d i t secured by a l i e n on real estate in accordance with the Board's Regulation Y) at 501 Penn Street, Huntingdon, Pennsylvania; 16 West Shirley Street, Mount Union, Pennsylvania; King Street, Petersburg, Pennsylvania; Ashman Street, Three Springs, Pennsylvania; 511 Pine Grove Road, State College, Pennsylvania; 729 Main Street, Saxton, Pennsylvania; Route 22, Huntingdon, Pennsylvania; Route 75, Willow H i l l , Pennsylvania and 131 Second Street, Chambersburg, Pennsylvania, serving a l l of Pennsylvania, through i t s subsidiary, Unitas Mortgage Corporation (5/21/83) Richmond James Madison Limited, Washington, D. C., n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (providing data processing and data transmission services, data bases or f a c i l i t i e s [including data processing and data transmission hardware, software, documentation and operating personnel] f o r the internal operation of the holding company or i t s subsidiaries; providing to others data processing and transmission services, f a c i l i t i e s , data bases or access to such services, f a c i l i t i e s or data bases by any technologically feasible means; and providing software by-products of permissible data processing and transmission a c t i v i t i e s ) at 1730 M Street, N.W., Washington, D. C., through a subsidiary, JML Communications, Inc. (5/13/83) Ri chmond James Madison Limited, Washington, D. C., n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (leasing real and personal property and acting as agent, broker or adviser in leasing such property where the lease i s to serve as the functional equivalent of an extension of c r e d i t and i s on a nonoperating basis) at 1730 M Street, N.W., Washington, D. C., through i t s subsidiary, James Madison Leasing Corporation (5/13/83) Richmond Northwestern Financial Corporation, North Wilkesboro, North Carolina, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (making, acquiring, and servicing f i r s t mortgage loans such as would be made by a mortgage banking company) at Highway 421, Carolina Beach, North Carolina, through i t s subs i d i a r y , Northwestern Mortgage Corporation (5/18/83) H.2, 1983 No. 20 - 24 APPLICATIONS RECEIVED - Continued Richmond South Carolina National Corporation, Columbia, South Carolina, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (providing consumer finance a c t i v i t i e s including the extension of direct loans to consumers, the discount of r e t a i l and installment notes or contracts, servicing loans and other extensions of credit f o r the account of others, and acting as agent for sale of credit l i f e and credit accident and health, and property insurance d i r e c t l y related to i t s extensions of c r e d i t ) at 117 Vance Street, Clinton, North Carolina, through i t s subs i d i a r y , Provident Financial Corporation (5/16/83) Chicago Citizens Bancorporation, Sheboygan, Wisconsin, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (providing management consulting advice to nonaffiliated banks and non-bank depository i n s t i t u t i o n s ; and providing data processing and data transmission services, data bases or f a c i l i t i e s for internal operations of the holding company or i t s subsidiaries, and f o r others, the geographic area to be served w i l l be Wisconsin and the upper peninsula of Michigan) at 801 East Walnut, Green Bay, Wisconsin, through i t s subsidiary, Citizens Management Services Corporation (5/10/83) Minneapolis F i r s t Bank System, Inc., Minneapolis, Minnesota, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (in data processing and processing banking and financial data in accordance with the Board's Regulation Y) serving the continental United States from offices located in Milwaukee and West A l l i s , Wisconsin, through i t s subsidiary, First Data Processing, Inc. (5/13/83) Minneapoli s F i r s t Bank System, Inc., Minneapolis, Minnesota, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (in acquiring d i r e c t l y or indirectlyToans or other extensions of credit and servicing these loans and credits) serving the United States and would be performed from offices located i n Minneapolis, Minnesota, through i t s subsidiary, FBS Asset Management, Inc. (5/13/83) Kansas City Central of Kansas, I n c . , Junction C i t y , Kansas, n o t i f i cation of intent to engage in de novo a c t i v i t i e s (consumer and commercial finance a c t i v i t i e s , including the extension of direct loans for the purchase of consumer goods, the extension of loans for home improvements, the discount of r e t a i l and installment notes or contracts, the purchase of r e t a i l and H.2, 1983 No. 20 - 25 APPLICATIONS RECEIVED - Continued installment notes or contracts; and acting as an agent for the sale of l i f e , accident, and health and physical damage insurance d i r e c t l y related to i t s extension of c r e d i t ) these a c t i v i t i e s would be conducted in North Central Kansas, including Geary County, Kansas, the contiguous counties and the Fort Riley M i l i t a r y Reservation, through i t s subsidiary, Central of Kansas Finance, Inc. (5/13/83) Kansas City City National Bancs hares, I n c . , Greeley, Nebraska, for approval to acquire the assets of McQuillan Insurance Agency, Greeley, Nebraska. Kansas City United Banks of Colorado, I n c . , Denver, Colorado, for approval to expand the credit-related insurance operations of i t s subsidiary, Lincoln Agency. Oallas F i r s t University Corporation, Houston, Texas, f o r approval to acquire 100 percent of the voting shares of F i r s t University Service Corporation, Houston, Texas, to perform t r u s t functions complementary to the business of banking. Dal las Mercantile Texas Corporation, Dallas, Texas, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s ( i n making or acquiring and servicing loans and other extensions of credit such as would be made by a mortgage company) these a c t i v i t i e s would be performed in the states of Texas, Oklahoma, Arkansas, Louisiana and New Mexico, through i t s subsidiary, MPACT Mortgage Company (5/18/83) Dal las Texas Commerce Bancshares, I n c . , Houston, Texas, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s ( i n acquiring and leasing real and personal property as provided for in 12 CFR 225.4(a)(6)(i) and ( i i ) ) throughout the Gulf Coast area, p r i n c i p a l l y , and, from time to time, i n other areas, potentially worldwide, i n Harris County, Texas, through the establishment of a wholly-owned subsidiary, Texas Commerce Bancshares Leasing Company (5/17/83) San Francisco BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (making or acquiring for i t s own account loans and other extensions of c r e d i t such as would be made or acquired by a finance company, servicing loans and other extensions of c r e d i t ; and offering c r e d i t related l i f e insurance and credit-related accident and health insurance; the aforementioned types of APPLICATIONS RECEIVED - Continued c r e d i t - r e l a t e d insurance are permissible under Section 4(c)(8)(A) of the Bank Holding Company Act of 1956, as amended by the Garn-St. Germain Depository I n s t i t u t i o n s Act of 1982; c r e d i t related property insurance w i l l not be offered; such a c t i v i t i e s w i l l include, but not be limited t o , making loans or other extensions of c r e d i t secured by f i r s t liens on residential real property, by f i r s t liens on stock in a residential cooperative housing corporation where the loan, mortgage, or advance i s used to finance the acquisition of such stock, or by a f i r s t lien on a residential manufactured home, 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 accident and health insurance d i r e c t l y related to extensions of c r e d i t made or acquired by FinanceAmerica Credit Corporation) in Syracuse and Valley Stream, New York, each serving the entire state of New York, through i t s i n d i re ct subsidiary, FinanceAmerica Credit Corporation (a Delaware corporation) 5/19/83) BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of intent to expand de novo a c t i v i t i e s (making or acquiring f o r i t s own account loans and other extensions of c r e d i t such as would be made or acquired by a finance company; servicing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t related l i f e insurance and c r e d i t - r e l a t e d accident and health insurance; the aforementioned types of c r e d i t - r e l a t e d insurance are permissible under Section 4(c)(8)(A) of the Bank Holding Company Act of 1956, as amended by the Garn-St. Germain Depository I n s t i t u t i o n s Act of 1982; c r e d i t - r e l a t e d property insurance w i l l not be offered; such a c t i v i t i e s w i l l include, but not be l i m i t e d t o , making consumer installment loans, purchasing installment sales finance contracts, making loans and other extensions of c r e d i t to businesses, making loans and other extensions of c r e d i t secured by real and personal property, 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 accident and health insurance d i r e c t l y related to extensions of c r e d i t made or acquired by FinanceAmerica Corporation; 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 accident and health insurance may be reinsured by BA Insurance Company, I n c . , an a f f i l i a t e of FinanceAmerica Corporation) at 5198 S. Broadway, Englewood, Colorado, serving the entire state of Colorado, through i t s indirect subsidiary, FinanceAmerica Corporation (a Colorado corporation) (5/17/83) H.2, 1983 No. 20 - 27 APPLICATIONS RECEIVED , Continued San Francisco BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring f o r i t s own account loans and other extensions of credit such as would be made or acquired by a finance company; and servicing loans and other extensions of c r e d i t ; no c r e d i t - r e l a t e d insurance w i l l be offered; such a c t i v i t i e s w i l l include, but not be limited t o , making consumer installment loans and making loans and other extensions of c r e d i t of a commercial nature to businesses; such loans may be unsecured or secured by personal assets and residential and commercial real estate) i n I r v i n g , Texas, serving a l l f i f t y states and the D i s t r i c t of Columbia, through i t s i n d i r e c t subsidiary, BA Business Credit Corporation (a Delaware corporation) (5/21/83) San Francisco F i r s t Interstate Bancorp, Los Angeles, C a l i f o r n i a , for approval to retain through i t s wholly-owned d i r e c t subsidiary, F i r s t Interstate Mortgage Company, 100 percent of the shares of F i r s t I n t e r state Mortgage Company of Texas, Houston, Texas. * * * * * REPORTS RECEIVED None. * * * * * PETITIONS FOR RULEMAKING None.
@FedFRASER