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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1982 No. 21) Actions of the Board; Applications and Reports APPLICABLE RESERVE BANK Received During the Week Ending May 22, 1982 ACTIONS OF THE BOARD Statement by Governor Henry C. Wallich before the Subcommittee on Financial I n s t i t u t i o n s Supervision, Regulat i o n and Insurance of the House Banking Committee t o t e s t i f y on H.R. 6016, a b i l l t h a t would f a c i l i t a t e the establishment and operation of export t r a d i n g companies. Dal las American Bancorporation, I n c . , Longview, Texas, extension of time t o July 20, 1982, w i t h i n which t o consummate the a c q u i s i t i o n of Town North National Bank, Longview, Texas. J / Atlanta B a l l e r t o n Corporation, Oveido, Spain, extension of time t o September 5, 1982, w i t h i n which t o become a bank h o l d i n g company by a c q u i r i n g Total bank Corporation of F l o r i d a , Miami, F l o r i d a . V San Francisco BWC Financial Corp, Walnut Creek, C a l i f o r n i a , extension of time t o September 1, 1982, w i t h i n which t o become a bank holding company through the a c q u i s i t i o n of 100 percent of the voting shares of Bank of Walnut Creek, Walnut Creek, C a l i f o r n i a . J / Kansas C i t y Central Bancorporation, I n c . , Central Colorado Company and C.C.B., I n c . , a l l of Denver, Colorado, extension of time t o August 23, 1982, w i t h i n which t o consummate the acquis i t i o n of Centennial Bank of Pueblo, Pueblo, Colorado, through a successor by merger t r a n s a c t i o n . J_/ Chicago CHICAGO HEIGHTS BANCORP, INC., Crestwood, I l l i n o i s , extension of time to July 10, 1982, w i t h i n which t o become a bank holding company through the a c q u i s i t i o n of 80 percent or more of the v o t i n g shares of The Chicago Heights National Bank, Chicago Heights, I l l i n o i s . ]_/ 17 A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 21 - 2 - ACTIONS OF THE BOARD-Continued Chicago Commonwealth Bancshares, I n c . , D a l l a s , Texas, extension of time t o July 5, 1982, w i t h i n which t o consummate the a c q u i s i t i o n of Commonwealth National Bank of Dallas, D a l l a s , Texas. J / Chicago Continental I l l i n o i s Corporation, Chicago, I l l i n o i s , extension of time t o August 18, 1982, w i t h i n which t o acquire 100 percent of the voting shares of the successor by merger t o Buffalo Grove National Bank, B u f f a l o Grove, I l l i n o i s . ]_/ Kansas City F i r s t C a r r o l I t o n Bancshares, I n c . , C a r r o l I t o n , M i s s o u r i , extension of time t o September 2, 1982, w i t h i n which to consummate the a c q u i s i t i o n of The F i r s t National Bank of Carrol I t o n , Carrol I t o n , Missouri. ]_/ Atlanta F i r s t P i k e v i l l e Bancshares, I n c . , P i k e v i l l e , Tennessee, extension of time t o August 17, 1982, w i t h i n which to become a bank holding company through the a c q u i s i t i o n of F i r s t National Bank of P i k e v i l l e , P i k e v i l l e , Tennessee. V Atlanta F r a n k l i n F i r s t National Corporation, Decherd, Tennessee, extension of time t o August 19, 1982, w i t h i n which to become a bank holding company through the a c q u i s i t i o n of F i r s t National Bank of F r a n k l i n County, Decherd, Tennessee. J / Chicago Hammond Bancshares, I n c . , Hammond, I l l i n o i s , extension of time t o June 23, 1982, w i t h i n which t o become a bank holding company through the a c q u i s i t i o n of 100 percent of the voting shares of The State Bank of Hammond, Hammond, I l l i n o i s . ]_/ Chicago HANCOCK BANCSHARES CORPORATION, G r e e n f i e l d , Indiana, extension of time to August 18, 1982, w i t h i n which t o become a bank holding company through the a c q u i s i t i o n of 100 percent of the voting shares of the successor by merger t o Hancock Bank & T r u s t , G r e e n f i e l d , Indiana. ]_/ Chicago Morgan County Bancorp, M o o r e s v i l i e , Indiana, extension of time t o September 8 , 1982, w i t i n which t o become a bank holding company through the a c q u i s i t i o n of 100 percent of the voting shares of the successor by merger t o The Morgan County Bank and Trust Company, Eminence, Indiana. 1/ V A p p l i c a t i o n processed on behlaf of the Board of Governors under delegated authority. H.2, 1982 No. 21 - 3 ACTIONS OF THE BOARD-Continued Atlanta Pan American Banks I n c . * Miami, F l o r i d a , extension of time t o August 21, 1982, w i t h i n which t o acquire shares of Peoples Downtown National Bank, Peoples F i r s t National Bank o f Miami Shores, Peoples American National Bank of North Miami, Peoples F i r s t National Bank of North Miami Beach, Peoples National Bank of Commerce and Peoples Hialeah National Bank. J / Dallas The Plains Corporation, Lubbock, Texas, extension of time t o August 15, 1982, w i t h i n which t o consummate the a c q u i s i t i o n of The Plains National Bank of Lubbock, Lubbock, Texas. V Chicago Quad C i t i e s F i r s t Company, Rock I s l a n d , I l l i n o i s , extension of time t o August 21, 1982, w i t h i n which t o become a bank holding company through the a c q u i s i t i o n of 100 percent of the v o t i n g shares of the successor by merger t o F i r s t National Bank of the Quad C i t i e s , Rock I s l a n d , I l l i n o i s . ]_/ Atlanta Sun Banks o f F l o r i d a , I n c . , Orlando, F l o r i d a , extension of time t o August 24, 1982, w i t h i n which t o acquire Sun Bank/ Indian R i v e r , N.A., Vero Beach, F l o r i d a , a proposed new bank. J / San Francisco T r i - S t a t e Bancorporation, I n c . , M o n t p e l i e r , Idaho, extension of time t o August 20, 1982, w i t h i n which t o acquire T r i - S t a t e Bank and Trust Company, M o n t p e l i e r , Idaho. J / Dal las Valley Bancorp, I n c . , El Paso, Texas, extension of time t o August 29, 1982, w i t h i n which t o consummate the a c q u i s i t i o n of The Valley Bank of El Paso, El Paso, Texas. J / Chicago Wabanc, I n c . , Wabash, Indiana, extension of time t o June 30, 1982, w i t h i n which t o become a bank holding company through the a c q u i s i t i o n of 100 percent of the voting shares of the successor by merger t o The F i r s t National Bank i n Wabash, Wabash, Indiana. V Philadelphia Bank of New Jersey, Camden, New Jersey, t o make an a d d i t i o n a l investment in bank premises. \J New fork Citibank Overseas Investment Corporation, Wilmington, Delaware, extension of time t o i n d i r e c t l y acquire the remaining shares of C i t i f i n a n c e Corporation, Makati, Metro Manila, P h i l i p p i n e s . T7 A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. i H.2, 1982 No. 21 - 4 ACTIONS OF THE BOARD-Continued San Francisco Valley Bank of Nevada, Las Vegas, Nevada, extension of time t o February 20, 1983, w i t h i n which t o e s t a b l i s h a branch o f f i c e in Beatty, Nevada. V Atlanta Anniston National Bank, Anniston, Alabama, proposed merger w i t h F i r s t Alabama Bank of Anniston, N.A., Anniston, Alabama; report t o the Comptroller of the Currency on competitive f a c t o r s . J / S APS8 Merger Corporation, North Hollywood, C a l i f o r n i a , proposed merger with American P a c i f i c State Bank, Sun V a l l e y , C a l i f o r n i a , under the charter and t i t l e of the l a t t e r ; report t o the Federal Deposit Insurance Corporat i o n on competitive f a c t o r s . 2 / eiC3SCO uallas Bank of Pasadena, Pasadena, Texas, proposed merger with New Bank of Pasadena, Pasadena, Texas; report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . ]_! Ch icago Bank of Western Indiana, Covington, Indiana, f o r approval t o merge w i t h Bank of Covington, Covington, Indiana, under the c h a r t e r of Bank of Covington, and t i t l e of Bank of Western Indiana; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . J / At 1 ana Century Bank of G a i n e s v i l l e , G a i n e s v i l l e , F l o r i d a , proposed merger w i t h Flagship National Bank of G a i n e s v i l l e , Gainesv i l l e , F l o r i d a ; report t o the Comptroller of the Currency on competitive f a c t o r s . J / Atlanta C i t i z e n s National Bank of Naples, Naples, F l o r i d a , proposed merger w i t h Naples I n t e r i m Bank, N.A., Naples, F l o r i d a ; r e p o r t t o the Comptroller of the Currency on competitive factors. J / San Francisco CPB Bank, Honolulu, Hawaii, proposed merger w i t h Central Pacific Bank, Honolulu, Hawaii, under the t i t l e and charter of the l a t t e r ; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . ]_/ St. Louis F i r s t Hardin National Bank & T r u s t , Elizabethtown, Kentucky, proposed merger with FHN Bank, National A s s o c i a t i o n , Elizabethtown, Kentucky; r e p o r t t o the Comptroller of the Currency on competitive f a c t o r s . 1/ T7 A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 21 - 5 ACTIONS OF THE BOARP-Continued Chicago Michigan Bank - L i v i n g s t o n , B r i g h t o n , Michigan, f o r approval to acquire the assets and assume l i a b i l i t i e s t o pay deposits of one branch of Michigan National Bank-Ann Arbor, Ann Arbor, Michigan; report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . ]_/ Chicago Michigan National Bank - C e n t r a l , Grand Rapids, Michigan, f o r approval t o merge w i t h Michigan National Bank Wyoming, Wyoming, Michigan, under the charter and t i t l e of Michigan National Bank - C e n t r a l ; report to the Comptroller of the Currency on competitive f a c t o r s . _]/ Chicago Second National Bank of E a r l v i l l e , E a r l v i l l e , I l l i n o i s , f o r approval t o merge with National Bank of E a r l v i l l e , E a r l v i l l e , I l l i n o i s , under the charter of Second National Bank of E a r l v i l l e , and t i t l e of National Bank of E a r l v i l l e ; report t o the Comptroller of the Currency on competitive f a c t o r s . _]_/ Dallas Tyler Bank and Trust Company, T y l e r , Texas, proposed merger w i t h RepublicBank T y l e r , T y l e r , Texas; report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . J / S t . Louis Vevay Deposit Bank, Vevay, Indiana, proposed merger with Bank of Switzerland County, Vevay, Indiana; report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . Richmond V i r g i n i a National Bank, N o r f o l k , V i r g i n i a , proposed merger with The Northern V i r g i n i a Bank, S p r i n g f i e l d , V i r g i n i a , and F i r s t C i t y Bank of Newport News, Newport News, V i r g i n i a ; report t o the Comptroller of the Currency on competitive f a c t o r s . i/ Chicago J7 Warsaw National Bank, Warsaw, Indiana, f o r approval t o merge w i t h F i r s t National Bank of Warsaw, Warsaw, Indiana, under the c h a r t e r of Warsaw National Bank, and t i t l e of F i r s t National Bank of Warsaw; report t o the Comptroller of the Currency on competitive f a c t o r s . 1/ A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. i H.2, 1982 No. 21 - 6 - ACTIONS OF THE BOARD-Continued To Become a Member of the Federal Reserve System Pursuant t o Section 9 of the Federal Reserve Act Minneapolis Approved Crow River State Bank, Delano, Minnesota. _]_/ * * * * * To Establish a Branch Pursuant t o Section 9 of the Federal Reserve Act New York roved The Bank of New York, New York, New York. To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y at Reader's Digest A s s o c i a t i o n , I n c . , Reader's Digest Road (Unincorporated a r e a ) , Town of New Castle, Westchester County, New York. i/ New York Chemical Bank, New York, New York. To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y at Mitsubishi I n t e r n a t i o n a l Corporation, 18th F l o o r , 520 Madison Avenue, New York, New York. J j Cleveland The D o l l a r Savings and Trust Company, Youngstown, Ohio. To e s t a b l i s h a branch at 1319 Florencedale Avenue, Youngstown, Mahoning County, Ohio. ]_/ Cleveland The D o l l a r Savings and Trust Company, Youngstown, Ohio. To e s t a b l i s h a branch at 345 Oak H i l l Avenue, Youngstown, Mahoning County, Ohio. J / Cleveland The D o l l a r Savings and Trust Company, Youngstown, Ohio. To e s t a b l i s h a branch at 500 Gypsy Lane, Youngstown, Trumbull County, Ohio. J J Richmond United V i r g i n i a Bank, Richmond, V i r g i n i a . To e s t a b l i s h a branch at 7818 Parham Road, Henrico County, V i r g i n i a . _]_/ Kansas City United States Bank of Grand J u n c t i o n , Grand Junction, Colorado. To e s t a b l i s h a branch f a c i l i t y t o be located at 3rd S t r e e t , and Ute Avenue, Block 142 on Lots 1-16, Grand J u n c t i o n , Colorado. 1/ T7 A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 21 ACTIONS OF THE BOARD-Continued San Francisco F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angeles, C a l i f o r n i a . To e s t a b l i s h a branch o f f i c e t o be located in the v i c i n i t y of the i n t e r s e c t i o n of C a l i f o r n i a and West S t r e e t s , City of Woodland, Yolo County, C a l i f o r n i a . 1/ * * * * * Issued I n t e n t Not t o Disapprove Change of Control Pursuant t o Change in Bank Control Act of 1978 Kansas City Not Disapproved PM Co., M i l l i g a n , Nebraska. ] / St. Louis T & C Bancorp., I n c . , Lewistown, M i s s o u r i . J / * * * * * To Merge Pursuant t o Section 18(c) of the Federal Deposit Insurance Act Richmond Approved F i r s t V i r g i n i a Bank - Highlands, Covington, V i r g i n i a , t o merge w i t h The Bath County National Bank, Hot Springs, V i r g i n i a . V * * * * * 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 Other Actions Pursuant t o Sections 25 and 25(a) of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, as amended San Francisco T7 Approved Bank of America NT & SA, San Francisco, C a l i f o r n i a : grants consent f o r BankAmerica I n t e r n a t i o n a l Financial Corporat i o n , San Francisco, C a l i f o r n i a , t o invest in 65 percent of the shares of a de novo commercial bank in Douala, Cameroon t o be known as Bank o f America Cameroon S.A. A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 21 ACTIONS OF THE BOARD-Continued San Francisco New York Bank of C a l i f o r n i a I n t e r n a l i o n a l Corporation, San Francisco, C a l i f o r n i a : grants consent to e s t a b l i s h i t s f i r s t subs i d i a r y by investing in Bankcal Servicos Limitada, Sao Paulo, B r a z i l . (5/17/82) ] / S i x t y Day N o t i f i c a t i o n Period Allowed t o Expire Republic National Bank of New York, New York, New York: no o b j e c t i o n t o acquire a l l of the c a p i t a l stock of a de novo Canadian banking s u b s i d i a r y , Republic National Bank of New York (Canada), Montreal, Canada. Chicago Northern Trust Corporation, Chicago, I l l i n o i s : no o b j e c t i o n to e s t a b l i s h Nortrust Overseas Finance Corporation N.V., Curacao, Netherlands A n t i l l e s . San Francisco S e a t t l e - F i r s t National Bank, S e a t t l e , Washington: t o e s t a b l i s h a branch in Singapore. * * * * no objection * To Form a Bank Holding Company Pursuant t o Section 3 ( a ) ( 1 ) of the Bank Holding Company Act of 1956 New York Approved Commercial Bancshares, I n c . , Jersey C i t y , New Jersey, f o r approval t o acquire 100 percent of the voting shares of Commercial Trust Company of New Jersey, Jersey C i t y , New Jersey. ]_/ Philadelphia The Frankford Corporation, P h i l a d e l p h i a , Pennsylvania, f o r approval t o acquire 100 percent of the voting shares of Frankford Trust Company, P h i l a d e l p h i a , Pennsylvania. V Cleveland F i r s t Kentucky Bancshares, I n c . , Florence, Kentucky, f o r approval to acquire 100 percent of the voting shares of Boone State Bank, Florence, Kentucky. J / Atlanta F i r s t Community Bancshares of T i f t o n , I n c . , T i f t o n , Georgia, f o r approval t o acquire 100 percent of the voting shares of The Farmers Bank of T i f t o n , T i f t o n , Georgia. ]_/ TJ A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. i - 9 - H.2, 1982 No. 21 ACTIONS OF THE BOARD-Continued Chicago BANCORP OF NORTHWESTERN INDIANA, Good!and, Indiana, for approval to acquire at least 80 percent of the voting shares of Goodland State Bank, Goodland, Indiana. J_/ Chicago FIRST AMERICAN NATIONAL BANCORP., P l a i n f i e l d , Indiana, for approval to acquire 100 percent of the voting shares of the successor by merger to The First National Bank and Trust Company of P l a i n f i e l d , P l a i n f i e l d , Indiana. ]_/ St. Louis BMC Bankcorp, I n c . , Benton, Kentucky, for approval to acquire 100 percent of the voting shares of the successor by merger to Bank of Marshall County, Benton, Kentucky. J / St. Louis Crawford Bancorp, I n c . , Robinson, I l l i n o i s , for approval to acquire 100 percent of the voting shares of the successor by merger to Crawford County State Bank, Robinson, I l l i n o i s . 1/ S t . Louis Valley Capital Corp., Rosedale, M i s s i s s i p p i , f o r approval t o acquire at l e a s t 80 percent of the v o t i n g shares of The Valley Bank, Rosedale, M i s s i s s i p p i . V Minneapolis Chisago Bancorporation, I n c . , Minneapolis, Minnesota, f o r approval t o acquire 100 percent of the voting shares of Chisago State Bank, Chisago C i t y , Minnesota. ] / Minneapolis Farmers & Merchants Financial Services, I n c . , New Dim, Minnesota, f o r approval t o acquire at least 95.7 percent of the v o t i n g shares of Farmers and Merchants State Bank of New Ulm, New Ulm, Minnesota. J / Minneapolis Napoleon Bancorporation, I n c . , Napoleon, North Dakota, f o r approval t o acquire at l e a s t 98.5 percent of the voting shares of Stock Growers Bank, Napoleon, North Dakota. ]_/ Minneapolis Vesta Bancorporation, I n c . , Vesta, Minnesota, f o r approval to acquire at least 96.8 percent of the voting shares of Vesta State Bank, Vesta, Minnesota. j J Kansas C i t y Haviland Bancshares, I n c . , Haviland, Kansas, f o r approval t o acquire at least 80 percent of the v o t i n g shares of The Haviland State Bank, Haviland, Kansas. 1/ T7 Application processed on behalf of the Board of Governors under delegated authority. - 10 - H.2, 1982 No. 21 ACTIONS OF THE BOARD-Continued Kansas City State Holding Company, Thermopolis, Wyoming, for approval to acquire at least 80 percent of the voting shares of F i r s t State Bank of Thermopolis, Thermopolis, Wyoming. J / Dallas Amarillo National Bancorp, I n c . , Amarillo, Texas, for approval to acquire at least 80 percent of the voting shares of Amarillo National Bank, Amarillo, Texas. V Dal las Americo Bancshares, I n c . , Wolfforth, Texas, for approval to acquire at least 80 percent of the voting shares of American Bank of Commerce at Wolfforth, Texas, Wolfforth, Texas, y San Francisco Redding Bancorp, Redding, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of Redding Bank of Commerce, Redding, C a l i f o r n i a , a proposed new bank. J / * * * * * To Expand a Bank Holding Company Pursuant t o Section 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956 Atlanta Chicago Approved F i r s t American Corporation, N a s h v i l l e , Tennessee, f o r approval to acquire 100 percent of the voting shares of F i r s t Eastern National Bank, Kingsport, Tennessee. J / Associated Banc-Corp., Green Bay, Wisconsin, f o r approval t o acquire 100 percent of the voting shares of the successor by merger t o Bank of Commerce, Milwaukee, Wisconsin. v Chicago North Shore Capital Corporation, Wilmette, I l l i n o i s , f o r approval t o acquire at least 80 percent of the voting shares of The Morton Grove Bank, Morton Grove, I l l i n o i s . V Chicago T7 Tama County Abstract Company, Toledo, Iowa, f o r approval t o r e t a i n an a d d i t i o n a l 3.6875 percent of the voting shares of The State Bank of Toledo, Toledo, Iowa. 1/ A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. H.2„ 1982 No. 21 - 11 ACTIONS OF THE BOARD-Continued Dallas F i r s t Freeport Corporation, Freeport, Texas, f o r approval t o acquire 100 percent of the v o t i n g shares o f Coastal National Bank, Angleton, Texas, a proposed new bank. V Dallas The Level land Co., Level land, Texas, f o r approval t o acquire 21.22 percent of the voting shares of Bank of the West, Lubbock, Texas and 6.59 percent of the voting shares of South Plains Bancshares, I n c . , I d a l o u , Texas. 1/ Dallas National Bancshares Corporation of Texas, San Antonio, Texas, f o r approval t o acquire 100 percent of the voting shares of National Bank of Commerce - P e r r i n B e i t e l , San Antonio, Texas, a proposed new bank, J / Dallas V i c t o r i a Bankshares, I n c . , V i c t o r i a , Texas, f o r approval t o acquire 100 percent of the v o t i n g shares of New Braunfels National Bank, New Braunfels, Texas. 1/ * * * * * To Expand a Bank Holding Company Pursuant t o Section 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956 Boston New York T7 3/ Withdrawn Bank of New England Corporation, Boston, Massachusetts (formerly New England Merchants Company, I n c . ) n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s (the leasing of real and personal property) at 50 Milk S t r e e t , Boston, Massachusetts serving the e n t i r e United States, through i t s s u b s i d i a r y , NEMC0 Leasing Corporation (5/21/82) 3/ Permitted Barclays Bank L i m i t e d , London, England, and Barclays Bank I n t e r n a t i o n a l L i m i t e d , London, England, requests permission t o r e l o c a t e an e x i s t i n g o f f i c e engaging in the f o l l o w i n g a c t i v i t i e s ( ( i ) making d i r e c t consumer loans, i n c l u d i n g loans secured by real e s t a t e , and purchasing of sales finance contracts representing extensions of c r e d i t such as would be made or acquired by a consumer finance company, and wholesale f i n a n c i n g ( f l o o r planning) and ( i i ) a c t i n g as agent A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. 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, 1982 No. 21 - 12 ACTIONS OF THE BOARD-Continued f o r the sale of r e l a t e d c r e d i t l i f e , c r e d i t accident and health and c r e d i t property insurance; c r e d i t l i f e and c r e d i t accident and health insurance sold as agent may be underwritten or reinsured by insurance u n d e r w r i t i n g s u b s i d i a r i e s of BarclaysAmericanCorporation) from 261 Pine S t r e e t , Abilene, Texas t o 4147 North F i r s t S t r e e t , Abilene, Texas, the geographic area w i l l serve w i t h i n a 25 mile radius of the c i t y of Abilene, Texas, through t h e i r s u b s i d i a r y , BarclaysAmerican/Financial, I n c . (5/15/82) 3/ New York 7/ C i t i c o r p , New York, New York, requests permission t o expand the a c t i v i t i e s and service area of an e x i s t i n g o f f i c e (previously approved a c t i v i t i e s : the making or a c q u i r i n g of loans and other extensions of c r e d i t , secured or unsecured, f o r consumer and other purposes; the extensions of loans t o dealers f o r the f i n a n c i n g of inventory ( f l o o r planning) and working c a p i t a l purposes; the purchasing and s e r v i c i n g f o r i t s own account of sales finance c o n t r a c t s ; the sale of c r e d i t r e l a t e d l i f e and accident and health or decreasing or level ( i n the case of s i n g l e payment loans) term l i f e insurance by licensed agents or b r o k e r s , as r e q u i r e d ; the sale of c r e d i t r e l a t e d property and casualty insurance p r o t e c t i n g real and personal property subject t o a s e c u r i t y agreement w i t h C i t i c o r p Person-to-Person Financial Center, I n c . , t o the extent permissible under a p p l i c a b l e State insurance laws and r e g u l a t i o n s ; the sale of consumer o r i e n t e d f i n a n c i a l management courses; and the s e r v i c i n g , f o r any person, of loans and other extensions of c r e d i t ; the new a c t i v i t i e s i n which the o f f i c e proposes t o engage de novo a r e : the making, 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 account and f o r the account of o t h e r s , of extensions of c r e d i t t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l real e s t a t e ; 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 r e l a t e d t o extensions of mortgage loans, the proposed expanded s e r v i c e area f o r a l l aforementioned previously approved and proposed a c t i v i t i e s s h a l l be comprised of the e n t i r e State of C a l i f o r n i 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 health insurance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of C i t i c o r p Person-to-Person Financial Center, I n c . ) at Two City Boulevard East, Suite 178, Orange, C a l i f o r n i a , through i t s subsidiary C i t i c o r p Person-to-Person Financial Center, I n c . (5/21/82) 3/ 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» 1982 to* 21 - U ACTIONS OF THE BOARD-Continued New York C i t i c o r p , New York, New York, requests permission t o expand the a c t i v i t i e s and s e r v i c e area of an e x i s t i n g o f f i c e ( p r e v i o u s l y approved a c t i v i t i e s : the making or a c q u i r i n g of loans and other extensions of c r e d i t , secured or unsecured, f o r consumer and other purposes; the extension of loans t o dealers f o r the f i n a n c i n g of inventory ( f l o o r planning) and working c a p i t a l purposes; the purchasing and s e r v i c i n g f o r i t s own account of sales finance c o n t r a c t s ; the sale of c r e d i t r e l a t e d l i f e and accident and health or decreasing or l e v e l ( i n the case of s i n g l e payment loans) term l i f e insurance by licensed agents or brokers, as r e q u i r e d ; the sale of c r e d i t r e l a t e d property and casualty insurance p r o t e c t i n g real and personal property subject t o a s e c u r i t y agreement w i t h C i t i c o r p Person-to-Person Financial Center, I n c . , t o the extent permissible under a p p l i c a b l e State insurance laws and r e g u l a t i o n s ; the sale of consumer o r i e n t e d f i n a n c i a l management courses; and the s e r v i c i n g , f o r any person, of loans and other extensions of c r e d i t ; the new a c t i v i t i e s i n which the o f f i c e proposes to engage de novo are: the making, 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 account and f o r the account of o t h e r s , of extensions of c r e d i t t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l real e s t a t e ; 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 r e l a t e d t o extensions of mortgage loans; the proposed expanded service area f o r a l l aforementioned previously approved and proposed a c t i v i t i e s s h a l l be comprised of the e n t i r e State of C a l i f o r n i a ; c r e d i t r e l a t e d l i f e , accident > and health insurance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of C i t i c o r p Person-to-Person Financial Center, I n c . ) at Financial Plaza O f f i c e B u i l d i n g (#098), 1661 Hanover, Suite 200, C i t y of I n d u s t r y , C a l i f o r n i a , through i t s s u b s i d i a r y , C i t i c o r p Person-to-Person Financial Center, I n c . (5/21/82) 3/ Cleveland National C i t y Corporation, Cleveland, Ohio, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (the exercise of f i d u c i a r y powers, inclucfTng owning and managing real and personal property in t r u s t under the terms of revocable and irrevocable t r u s t agreements and testamentary t r u s t s or as agent or cusLuuian pursuant to agreement, or t o serve as e/ecutor or a d m i n i s t r a t o r of probate e s t a t e s , or guardian of estates of minors or incompetents, and t o provide a l l services permitted by applicable law and r e l a t e d t o and required by i t s exercise of f u l l f i d u c i a r y powers under i t s c h a r t e r as a national t r u s t company) at 125 Worth Avenue, Palm Beach, F l o r i d a , serving Palm Beach County and the surrounding area, through i t s s u b s i d i a r y , National City Trust Company (5/17/82) 3/ 17 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h * Board of Governors under delegated a u t h o r i t y . !» H.2, 1982 No. 21 14 ACTIONS OF THE BOARD-Continued Atlanta Barnett Banks of F l o r i d a , I n c . , J a c k s o n v . 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 t o engage i n de novo a c t i v i t i e s (functions in a c t i v i t i e s performed by a t r u s t company ( i n c l u d i n g a c t i v i t i e s of a f i d u c i a r y , agency or custodial matter) i n the manner authorized by Federal and State law) at 4311 Manatee Avenue West, Bradenton, Manatee County, F l o r i d a , serving p r i m a r i l y Manatee County where the o f f i c e i s located and contiguous c o u n t i e s , through i t s s u b s i d i a r y , Barnett Banks Trust Company, National Association (5/17/82) 3/ 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 i n t e n t t o engage i n de novo a c t i v i t i e s (making or a c q u i r i n g , 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; s e r v i c i n g 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 insurance, c r e d i t - r e l a t e d accident and health i n surance and c r e d i t - r e l a t e d property insurance in the State of Louisiana, such a c t i v i t i e s w i l l i n c l u d e , but not be l i m i t e d t o , purchasing i n s t a l l m e n t sales finance c o n t r a c t s , making loans and other extensions of c r e d i t t o consumers and small businesses, making loans and other extensions of c r e d i t secured by real 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 , 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 r e l a t e d t o extensions of c r e d i t made or acquired by FinanceAmerica Corporation) at 104A C o n s t i t u t i o n Boulevard, Alexandria, Louisiana, serving the e n t i r e State of Louisiana, through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Corporation (a Louisiana Corporation) (5/21/82) 3/ 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 i n t e n t t o engage in de novo a c t i v i t i e s (making or a c q u i r i n g , 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 both a consumer finance company and commercial finance company; and s e r v i c i n g loans and other extensions of c r e d i t ; such a c t i v i t i e s w i l l i n c l u d e , but not be l i m i t e d t o , making consumer i n s t a l l m e n t loans, making loans and other extensions of c r e d i t of a commercial nature t o businesses; such loans may be unsecured or secured by personal assets and r e s i d e n t i a l and commercial real estate) in Denver, Colorado, 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 s u b s i d i a r y , BA Business Credit Corporation (a Delaware c o r p o r a t i o n ) (5/21/82) 3/ 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» 1982 No. 21 • 15 ACTIONS OF THE HOARD-Continued San Francisco Central P a c i f i c Corporation, B a k e r s f i e l d , 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 t o engage i n de novo a c t i v i t i e s (providing management consulting services t o n o n a f f i l i a t e d bank and depository i n s t i t u t i o n s , i n c l u d i n g commercial banks, savings and loan a s s o c i a t i o n s , mutual saving banks, c r e d i t unions, i n d u s t r i a l banks, Morris Plan banks, cooperative banks and i n d u s t r i a l loan companies, as t o : ( i ) planning operations w i t h respect t o management succession, manpower u t i l i z a t i o n , corporate growth and expansion, corporate o r g a n i z a t i o n , and short-term and long-term goals; ( i i ) personnel operations such as r e c r u i t m e n t , t r a i n i n g , o r i e n t a t i o n , placement, management and employee search a c t i v i t i e s , management/personnel r e l a t i o n s , compliance with governmental r e g u l a t i o n s , development of personnel p o l i c i e s , i n c e n t i v e compensation and b e n e f i t plans, employee compensation, and employee p r o d u c t i v i t y e v a l u a t i o n ; and ( i i i ) sales of manuals, i n s t r u c t i o n a l materials and courses as i n c i d e n t a l and r e l a t e d t o a l l the above a c t i v i t i e s ) at 5401 Business Park Drive South, Suite 201, B a k e r s f i e l d , C a l i f o r n i a , serving the United States, through i t s s u b s i d i a r y , Human Resource Dimensions (5/18/82) 3/ San Francisco U.S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of i n t e n t t o expand the a c t i v i t i e s of i t s e x i s t i n g subsidiary ( i n the o f f e r i n g of homeowners insurance t o c r e d i t customers of U.S. Bancorp and i t s s u b s i d i a r i e s as permitted under Regulation Y) at 309 S. W. S i x t h Avenue, Portland, Oregon, serving the State of Oregon, through i t s s u b s i d i a r y , Mt. Hood Credit L i f e Insurance Agency, Inc. (5/22/82) 3/ San Francisco U.S. Bancorp, P o r t l a n d , Oregon, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s (performing appraisals of commercial and r e s i d e n t i a l real estate f o r i t s customers and outside c l i e n t s i n conformance w i t h the provisions of Section 225.4(a)(14) of Regulation Y) these a c t i v i t i e s would be conducted through each of the Bancorp Financial o f f i c e s i n the States of C a l i f o r n i a , Missouri and Texas, serving the States of Arizona, Arkansas, C a l i f o r n i a , Colorado, Kansas, Louisiana, M i s s i s s i p p i , Missouri, Nebraska, Nevada, New Mexico, Oklahoma, Texas and Wyoming, through i t s s u b s i d i a r y , U.S. Bancorp F i n a n c i a l , Inc. (5/22/82) 3/ 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 . W H.2, 1982 No. 21 - 16 - APPLICATIONS RECEIVED To E s t a b l i s h a Branch Pursuant t o Section 9 of the Federal Reserve Act New York Chemical Bank, New York, New York. To e s t a b l i s h a branch at CBS P u b l i c a t i o n s , 1515 Broadway, F i f t e e n t h F l o o r , New York, New York. 2/ Cleveland The Provident Bank, C i n c i n n a t i , Ohio. To e s t a b l i s h a branch at Northland Boulevard, C i t y of Forest Park, C i n c i n n a t i , Hamilton County, Ohio. 2/ Cleveland The Provident Bank, C i n c i n n a t i , Ohio. To e s t a b l i s h a branch at 3815 Ledgewood Avenue, C i n c i n n a t i , Hamilton County, Ohio. 2J Cleveland The C i t i z e n s Savings Bank Company, Pemberville, Ohio. To e s t a b l i s h a branch at 209 B i e r l e y Avenue, Pemberville, Wood County, Ohio. 2J Richmond United V i r g i n i a Bank, Richmond, V i r g i n i a . To e s t a b l i s h a branch in the Manassas Junction Shopping Center, at the i n t e r s e c t i o n of C e n t r e v i l l e Road and L i b e r t a Avenue, Manassas, V i r g i n i a . 2] Chicago Bank of Reynolds, Reynolds, Indiana. To e s t a b l i s h a branch at 110 East Marion S t r e e t , M o n t e c i l l o , Indiana. 2/ Chicago Commercial State Savings Bank, G r e e n v i l l e , Michigan. To e s t a b l i s h a branch at 110 A S t r e e t , Maple Valley Towns h i p , Montcalm County, Michigan. 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant t o Section 9 of the Federal Reserve Act Kansas C i t y 77 F i r s t Charter Bank, Denver, Colorado. 2/ A p p l i c a t i o n subject t o Community Reinvestment A c t . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted as t o the length of the comment p e r i o d . H.2, 1982 No. 21 - 17 APPLICATIONS RECEIVED-Continued To Merge Pursuant t o Section 18(c) of the Federal Deposit Insurance Act Atlanta Royal Trust Bank of Tampa, Tampa, F l o r i d a , t o merge with Royal Trust Bank of S t . Petersburg, G u l f p o r t , F l o r i d a and Royal Trust Bank of Orlando, Orlando, F l o r i d a . ZJ * * * * * 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 Investments and Other Actions Pursuant t o Sections 25 and 25(a) of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, as amended New York Chase Manhattan Overseas Banking Corporation, Newark, Delaware: p r i o r n o t i f i c a t i o n of i t s i n t e n t t o make an a d d i t i o n a l investment i n the c a p i t a l stock of i t s wholly owned s u b s i d i a r y , Chase F i n a n z i a r i a S.P.A., M i l a n , I t a l y . New York Chase Manhattan Overseas Banking C o r p o r a t i n , Newark, Delaware: p r i o r n o t i f i c a t i o n of i t s intent t o make an a d d i t i o n a l investment in i t s s u b s i d i a r y , Chase Bank ( C . I . ) L t d . , Jersey, Channel Islands. New York C i t i b a n k Overseas Investment Corporation, Wilmington, Delaware p r i o r n o t i f i c a t i o n of i t s i n t e n t t o make an a d d i t i o n a l i n vestment in the form of a subordinated loan t o COIC's i n d i r e c t s u b s i d i a r y , C i t i f u t u r e s L i m i t e d , London, England ( f o r m e r l y Citibank Credit L t d . ) New York Citibank Overseas Investment Corporation, Wilmington, Delaware p r i o r n o t i f i c a t i o n of i t s i n t e n t t o continue t o h o l d , d i r e c t l y or i n d i r e c t l y , through i t s c o n t r o l l e d s u b s i d i a r y , Investors Finance Corporation, Makati, Metro Manila, P h i l i p p i n e s , shares of Consolidated Holdings Corporation, Makati, Metro Manila, P h i l i p p i n e s a f t e r Consolidated (1) acquires 100 percent of the shares of Pag-Asa Savings and Loan A s s o c i a t i o n , I n c . , Quezon C i t y , Metro Manila, P h i l i p p i n e s ; and (2) commits t o make p e r i o d i c a d d i t i o n a l investments i n Pag-Asa through December 31, 1982. 2/ A p p l i c a t i o n subject t o Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted as t o the length of the comment p e r i o d . H.2, 1982 No. 21 - 18 APPLICATIONS RECEIVED-Continued New York Republic New York Corporation, New York, New York: p r i o r n o t i f i c a t i o n of i t s i n t e n t t o e s t a b l i s h a de novo company i n Curacao, Netherlands A n t i l l e s t o be named Republic Financial Services, N.V. S t . Louis Union Planters Corporation, Memphis, Tennessee: p r i o r not i f i c a t i o n of i t s i n t e n t t o make a p o r t f o l i o investment in Handelskredit-Bank AG, Z u r i c h , Switzerland. * * * * * To Organize, or Invest i n , a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant t o Section 25 or 25(a) of the Federal Reserve Act Boston Rhode Island Hospital Trust National Bank, Providence, Rhode I s l a n d : requests consent t o e s t a b l i s h an Edge Corporation i n Miami, F l o r i d a t o be known as Hospital Trust I n t e r n a t i o n a l Banking Corporation. * * * * * To Form a Bank Holding Company Pursuant to Section 3 ( a ) ( 1 ) of the Bank Holding Company Act of 1956 Boston HTC Properties, I n c . , Providence, Rhode I s l a n d , f o r approval to acquire 100 percent of the voting shares of National Columbus Bancorp, I n c . , Providence, Rhode Island and indirectly '"olumbus National Bank of Rhode Island, Providence, Rhode Island. l j New York Citizens F i r s t Bancorp, I n c . , Glen Rock, New Jersey, f o r approval to acquire lOO percei.L c f the voting shares of Citizens F i r s t National Bank of New Jersey, Ridgewood, New Jersey. 2/ Ph: ladelphid TGC Holdings, I n c . , Bala Cynwyd, Pennsylvania, f o r approval to acquire 100 percent of the voting shares of Girard Bank Delaware, Wilmington, Delaware. 2/ 77 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. a H.2, 1982 flo. 21 - 19 APPLICATIONS RECEIVED-Continued Cleveland United Midwest Bancshares, I n c . , Cincinnati, Ohio, for approval to acquire 100 percent of the voting shares of Southern Ohio Bank, Cincinnati, Ohio. 2/ Atlanta Grupo Finaneiero del Estado, S. A., Bogota, Colombia and Banco del Estado Holding Company, I n c . , Atlanta, Georgia, for approval to acquire at least 82.20 percent of the voting shares of The First National Bank of DeKalb County, Decatur, Georgia. 2/ Atlanta Keystone Securities, I n c . , Keystone Heights, Florida, for approval to acquire at least 51 percent of the voting shares of Keystone State Bank, Keystone Heights, Florida. 1/ Chicago W B BANCORP, INC., New Berlin, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of Warren-Boynton State Bank, New Berin, I l l i n o i s . 2J St. Louis Citizens First Bancorp, I n c . , Ownesboro, Kentucky, for approval to acquire 100 percent of the voting shares of the successor by merger to Citizens State Bank, Owensboro, Kentucky. 2/ Minneapolis Capitol Bancorporation, I n c . , Pierre, South Dakota, for approval to acquire at least 97 percent of the voting shares of First National Bank in Pierre, Pierre, South Dakota. 2j Minneapolis First Rushmore Bancshares, Inc., Rushmore, Minnesota, for approval to retain an additional 58.33 percent of the voting shares of First State Bank of Rushmore, Rushmore, Minnesota. 2J Minneapolis Teton Bancshares, I n c . , F a i r f i e l d , Montana, for approval to acquire 100 percent of the voting shares of The First National Bank of F a i r f i e l d , F a i r f i e l d , Montana. 2/ Minneapolis Trimont Bancorporation, I n c . , Trimont, Minnesota, for approval to acquire at least 88 percent of the voting shares of Triumph State Bank, Trimont, Minnesota. 2/ Kansas City CNB Bancorporation, I n c . , Seiling, Oklahoma, for approval to acquire 100 percent of the voting shares of Community National Bank, Seiling, Oklahoma. 2/ 27 Application subject to community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. I H.2, 1982 No. 21 - 20 APPLICATIONS KECEiVED-Continued Kansas C i t y Elk C i t y State Bancshares, I n c . , Elk C i t y , Oklahoma, f o r approval t o acquire at least 80 percent of the voting shares of Elk C i t y State Bank, Elk C i t y , Oklahoma. 2/ Kansas City The F i r s t National Bancorporation of Heavener, Oklahoma, I n c . , Heavener, Oklahoma, f o r approval t o acquire at l e a s t 80 percent of the v o t i n g shares of The F i r s t National Bank of Heavener, Heavener, Oklahoma. 2/ Kansas C i t y Western Bancshares of Farmington, I n c . , Farmington, New Mexico, f o r approval t o acquire at least 80 percent of the v o t i n g shares of Western Bank, Farmington, New Mexico. 2/ Kansas C i t y Westminster Bankshares, L t d . , Denver, Colorado, f o r approval t o acquire 100 percent of the v o t i n g shares of Westminster Mountain Bank, Westminster, Colorado, a proposed new bank. 2/ Dal las K e r r v i l l e Bancshares, I n c . , K e r r v i l l e , Texas, f o r approval t o acquire at least 80 percent of the v o t i n g shares of The Bank of K e r r v i l l e , K e r r v i l l e , Texas. 2/ Dallas Winn Bancshares, I n c . , W i n n f i e l d , Louisiana, f o r approval t o acquire at least 80 percent of the voting shares of Winn State Bank and Trust Company, W i n n f i e l d , Louisiana. 1/ * * * * * To Expand a Bank Holding Company Pursuant t o Section 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956 Boston Hospital Trust Corporation, Providence, Rhode I s l a n d , f o r approval t o acquire 100 percent of the voting shares of National Columbus Bancorp, I n c . , Providence, Rhode Island and i n d i r e c t l y Columbus National Bank of Rhode I s l a n d , Providence, Rhode Island. 2/ Philadelphia The Girard Company, Bala Cynwyd, Pennsylvania, f o r approval t o acquire 100 percent of the voting shares of TGC Holdi n g s , I n c . , Bala Cynwyd, Pennsylvania and i n d i r e c t l y 100 percent of the v o t i n g shares of Girard Bank Delaware, Wilmington, Delaware. 2J 77 A p p l i c a t i o n subject t o Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted as t o the length of the comment period. H.2, 1982 No. 21 -21APPL1CATI0NS RECEIVED-Continued Chicago Chemical Financial Corporation, Midland, Michigan, f o r approval t o acquire 100 percent of the v o t i n g shares of the successor by c o n s o l i d a t i o n t o The Pinney State Bank, Cass C i t y , Michigan. 2/ Dallas F i r s t C i t y Financial Corporation, Hobbs, New Mexico, f o r approval t o acquire 100 percent of the v o t i n g shares of F i r s t C i t y National Bank, Ruidoso, New Mexico, a proposed new bank. 2/ Dallas M e r c a n t i l e Texas Corporation, D a l l a s , Texas, f o r approval t o acquire 100 percent of the v o t i n g shares of Grand P r a i r i e State Bank, Grand P r a i r i e , Texas. 2/ Dallas National Bancshares Corporation of Texas, San Antonio, Texas, f o r approval t o acquire 100 percent of the voting shares of Rockdale State Bank, Rockdale, Texas. 2/ Dallas Southwest Bancshares, I n c . , Houston, Texas, f o r approval to acquire 100 percent of the v o t i n g shares of Hal torn C i t y State Bank, Hal torn C i t y , Texas. 2/ * * * * * To Expand a Bank Holding Company Pursuant t o Section 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956 Boston Old Colony Co-Operative Bank, Providence, Rhode I s l a n d , f o r approval t o r e t a i n an e x i s t i n g branch o f f i c e located at Walnut H i l l Shopping Plaza, Woonsocket, Rhode Island and thereby continue t o engage i n the a c t i v i t i e s of a mutual b u i l d i n g - l o a n association from t h a t o f f i c e . Atlanta C i t i z e n s and Southern Georgia Corporation, A t l a n t a , Georgia, f o r approval t o engage in c e r t a i n nonbanking a c t i v i t i e s through i t s s u b s i d i a r y , Family C r e d i t Services, I n c . ; and t o acquire through a merger w i t h Family Credit a going concern known as Oglethorpe Loan Co., Savannah, Georgia. Atlanta C i t i z e n s and Southern Georgia Corporation, A t l a n t a , Georgia, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s ( i n mortgage lending and mortgage banking a c t i v i t i e s , i n c l u d i n g the extension of d i r e c t loans t o consumers, the purchase and discount of real estate loans and other ex- 77 A p p l i c a t i o n subject t o Community Reinvestment Act. The Community Reinvestment O f f i c e r of the applicable Reserve Bank may be contacted as t o the length of the comment period. H.2, 1982 No. 21 - 22 APPLICATIONS RECEIVED-Continued tensions of c r e d i t , making, a c q u i r i n g , s e r v i c i n g or s o l i c i t i n g , f o r i t s own account or f o r the account of o t h e r s , loans and other extensions of c r e d i t ; and a c t i n g as agent f o r the sale of l i f e , accident and h e a l t h , and physical damage insurance d i r e c t l y r e l a t e d t o i t s extensions of c r e d i t ) at 110 E. Clayton S t r e e t , Athens; 709 Broad S t r e e t , Augusta; 1895 Phoenix B l v d . , Suite 336* College Park; 487 Cherry S t r e e t , Macon; 400 Market Place, Roswell; 300 Bull S t r e e t , Savannah; 2059 Cool edge Avenue, Tucker; and 106 S. Patterson S t r e e t , Valdosta, a l l located in Georgia, through i t s s u b s i d i a r y , C i t i z e n s and Southern Mortgage Company (5/19/82) Chicago Acorn Financial Corp., Oak Park, 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 t o engage in de novo a c t i v i t i e s ( i n leasing personal p r o p e r t y , or a c t i n g as agent, broker or adviser i n leasing property) i n Oak Park, I l l i n o i s , the area t o be served would be the State of I l l i n o i s , through i t s subs i d i a r y , Acorn Leasing Corp. (5/11/82) Chicago The Marine Corporation, Milwaukee, Wisconsin, n o t i f i c a t i o n of i n t e n t t o reorganize the t r u s t service o f f i c e from the Marine Trust National Bank, J a n e s v i l l e , Wisconsin t o The Marine Trust Company, N.A., a wholly-owned subsidiary of The Marine Corporation and t o continue t o develop and administer new or e x i s t i n g f i d u c i a r y r e l a t i o n s h i p s ( t r u s t accounts) of a l l types (5/4/82) 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 i n t e n t t o engage i n de novo a c t i v i t i e s ( t o engage in the a d d i t i o n a l a c t i v i t i e s of a c t i n g as an i n d u s t r i a l loan company under the Tennessee I n d u s t r i a l Loan and T h r i f t Companies A c t , and t o continue t o engage i n the a c t i v i t i e s o f making or a c q u i r i n g 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 f i nance or i n d u s t r i a l loan company, s e r v i c i n g 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 h e a l t h , and c r e d i t - r e l a t e d property insurance i n the State of Tennessee; such a c t i v i t i e s w i l l i n c l u d e , 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 only) making consumer i n s t a l l m e n t loans, purchasing i n s t a l l m e n t sales finance c o n t r a c t s , making loans and other extensions of c r e d i t t o small businesses, making loans 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 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 H.2, 1982 No. 21 - 23 APPLICATIONS RECEIVED-Continued property insurance in connection with extensions of credit made or acquired by FinanceAmerica Corporation) at Eastgate Shopping Center, 6400 Building, Suite 8300, Chattanooga; Rivergate Plaza, 756 Two Mile Parkway, GoodlettsviHe and Downtown West V i l l a g e , 1645 Downtown West Boulevard, Suite 33, Knoxville, a l l in Tennessee, serving the State of Tennessee, through its indirect subsidiary, FinanceAmerica Corporation (a Tennessee Corporation) (whose name w i l l be changed to FinanceAmerica T h r i f t Corporation) (5/18/82) San Francisco First Interstate Bancorp, Los Angeles, C a l i f o r n i a , n o t i f i cation of intent to engage in de novo a c t i v i t i e s (making, acquiring, s e l l i n g , and servicing loans and other extensions of credit secured by real estate mortgages; and the sale as agent or broker of l i f e and d i s a b i l i t y mortgage redemption insurance) at 243 South Los Robles Avenue, Pasadena; 123 Camino de la Reina, San Diego; 17291 Irvine Boulevard, Tustin; One Embarcadero Center, San Francisco; 1901 South Bascorn, Campbell; 1300 East Shaw Avenue, Fresno; 24301 Southland Drive, Hayward; and 3320 Tully Road, Modesto, a l l in C a l i f o r n i a ; at 2020 Southwest Freeway, Houston, Texas; at 600 108th Street, N.E., S e a t t l e , Washington; the geographic area to be served within the f i r s t year w i l l include the States of Arizona, C a l i f o r n i a , Colorado, F l o r i d a , Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Texas, Utah and Wyoming, through its subsidiary, F i r s t Interstate Mortgage Company (5/17/82) San Francisco Security Pacific Corporation, Los Angeles, C a l i f o r n i a , not 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 certain clearing and custodian a c t i v i t i e s with respect to s e c u r i t i e s , commercial paper and similar instruments, such as acting as forwarding agent, coupon paying agent and provider of trade confirmation services for securities and acting as issuing and paying agent for commercial paper and similar instruments, as well as a c t i v i t i e s incident thereto, such as the making of call loans to securities dealers) in Philadelphia, Pennsylvania, serving the United States, through i t s subsidiary, Security Pacific Clearing & Services Corp. (5/14/82) N.2, 1982 No. 21 - 24 APPLICATIONS RECEIVED-Continued REPORTS RECEIVED Ownership Statement Filed Pursuant to Section 13(d) of the Securities Exchange Act Union Trust Company of Wildwood, New Jersey (Filed By Albert S. B a i l i e ) PETITIONS FOR RULEMAKING
@FedFRASER