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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1981 No. 22) Actions of the Board; A p p l i c a t i o n s and Reports APPLICABLE RESERVE BANK Received During the Week Ending May 30, 1981 ACTIONS OF THE BOARD P o l i c y statement concerning the s a l e of t h i r d party commercial paper by S t a t e member banks. (Docket No. R-0360) The Board i s s u e d an order d i r e c t i n g that a public meeting by conducted on the a p p l i c a t i o n of Midland Bank Limited, London, England, to become a bank holding company by acquiring Crocker National Corporation, San F r a n c i s c o , C a l i f o r n i a ; t h e meeting w i l l be h e l d at the Federal Reserve Bank of San Francisco and w i l l commence at 9:00 a.m. on June 22, 1981. Ch icago CAARGO F i n a n c i a l Corporation, B e n t o n v i l l e , Indiana, e x t e n sion of time to September 6, 1981, within which to become a bank holding company through the a c q u i s i t i o n of 51.63 percent of the v o t i n g shares of B e n t o n v i l l e S t a t e Bank, B e n t o n v i l l e , Indiana. 1/ Chicago F i r s t S e c u r i t y Bancorp., Mo l i n e , I l l i n o i s , extension of time to August 1 , 1981, 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 100 percent of the v o t i n g shares of the s u c c e s s o r by merger to Moline National Bank, Mo l i n e , I l l i n o i s . J L / Ch ic ago Lansing Bancs hares, I n c . , Lansing, I l l i n o i s , e x t e n s i o n of time to September 2, 1981, w i t h i n t&ich to 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 Bank of Lansing, Lansing, Illinois. \j Kansas City Mountain Banks, L t d . , Denver, Colorado, e x t e n s i o n of time to September 27, 1981, w i t h i n trtiich to consummate the a c q u i s i t i o n of Chapel H i l l s National Bank, Denver, Colorado. J1/ S t . Louis St. Johns Bancshares, I n c . , S t . John, Missouri, e x t e n s i o n of time to August 15, 1981, 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 shares of S t . Johns Bank and Trust Company, S t . John, Missouri. 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 , 1981 No. 22 - 2 - ACTIONS OF THE BOARD-Continued Chic ago S t r e a t o r Bancorp., I n c . , S t r e a t o r , I l l i n o i s , e x t e n s i o n of time t o August 1, 1981, w i t h i n which to become a bank h o l d i n g company through the a c q u i s i t i o n of 100 percent of t h e v o t i n g s h a r e s of the s u c c e s s o r by merger to The S t r e a t o r National Bank, S t r e a t o r , I l l i n o i s . V Richmond Farmers & Merchants S t a t e Bank, F r e d e r i c k s b u r g , V i r g i n i a , an investment in bank premises. I / Minneapolis Ridged a l e S t a t e Bank of Minne tonka, Minnesota, e x t e n s i o n of time f o r e s t a b l i s h m e n t of domestic branch. San Francisco V a l l e y Bank of Nevada, Henderson, Nevada, e x t e n s i o n of time to J u l y 4 , 1981, w i t h i n which to e s t a b l i s h a branch 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 Sunset Road and Green V a l l e y Parkway, Henderson, Nevada. \J Kansas City Webb C i t y Bank, Webb C i t y , M i s s o u r i , an investment in bank premises. JL/ Philadelphia American Bank and Trust Co. of P a . , Reading, P e n n s y l v a n i a , proposal to merge with S i x t h S t r e e t Bank and Trust Company, Reading, P e n n s y l v a n i a ; report to the Federal D e p o s i t I n surance Corporation on c o m p e t i t i v e f a c t o r s . JJ Chicago CBT National Bank, Jackson, Michigan, a p p l i c a t i o n f o r p r i o r approval t o merge with C i t y Bank and Trust Company, N . A . , Jackson, Michigan, under the c h a r t e r of CBT National Bank, Jackson, Michigan, and t i t l e o f C i t y Bank and Trust Company, National A s s o c i a t i o n , Jackson, Michigan; report to the Comptroller of t h e Currency on c o m p e t i t i v e f a c t o r s . 1/ Philadelphia C i t i z e n s United Bank, N.A. , Vineland, New J e r s e y , proposal to a c q u i r e Mullica Township o f f i c e of t h e F i r s t N a t i o n a l S t a t e Bank of West J e r s e y ; report to the Comptroller of t h e Currency on c o m p e t i t i v e f a c t o r s . JJ Dallas F i r s t National Bank of Rio Grande C i t y , Texas, proposed merger with Second S t a t e Bank o f Rio Grande C i t y , Texas; report to the Federal D e p o s i t Insurance Corporation on c o m p e t i t i v e f a c t o r s . JL/ Dallas Fondren Southwest Bank, Houston, Texas, proposed merger w i t h New Fondren Southwest Bank, Houston, Texas; report to the Federal D e p o s i t Insurance Corporaten on c o m p e t i t i v e f a c t o r s . 1/ T7 A p p l i c a t i o n processed on b e h a l f of the Board of Governors under d e l e g a t e d authority. H.2, 1981 No. 22 - 3 ACTIONS OF THE BOARD-Continued Dallas \J J e t e r o Bank, Houston, Texas, proposal to merge w i t h A l l i e d J e t e r o Bank, Houston, Texas; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . If A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. H. 2, 1981 No. 22 - 4 ACTIONS OF THE BOARD-Continued To E s t a b l i s h a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Atlanta Approved F la g s h ip Bank of Tampa, Tampa, F l o r i d a . To e s t a b l i s h a branch at the southwest corner of the i n t e r s e c t i o n of Northdale Boulevard and North Dale Mabry Highway, Tampa, F l o r i d a . _1/ Kansas City Webb City Bank, Webb City, Missouri. To e s t a b l i s h a branch f a c i l i t y to be located at 1421 South Madison S t r e e t , Webb C i t y , Missouri. JJ Atlanta Exchange Bank and Trust Company of F l o r i d a , Tampa, Florida. To e s t a b l i s h a branch at the southwest corner of S t a t e Road 688 and the proposed Cochran Drive, P i n e l l a s County, F l o r i d a . 1/ * * * * * To Become a Member of t h e Federal Reserve System Pursuant to S e c t i o n 9 of the Federal Reserve Act Richmond Approved Miles S t a t e Bank, St. Michaels, Maryland. 1/ Richmond S u s s i e S t a t e Bank*, Forest H i l l s , Maryland . JL/ New York Gotham Bank of New York, New York, New York. If * * * * * Issued Intent Not to Disapprove Change of Control Pursuant t o Change i n Bank Control Act of 1978 Kansas City Not Disapproved Missouri Bancshares, I n c . , L i b e r a l , Missouri. JJ Kansas City Frontier Bancorporation of Denver, I n c . , Denver, Colorado. If l7 A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. H . 2 , 1981 No. 22 - 5 ACTIONS OF THE BOARD-Continued To Organize, o r I n v e s t i n , a Corporation Doing F o r e i g n Banking and Other Foreign F i n a n c i n g Pursuant t o S e c t i o n 25 or 2 5 ( a ) of t h e Federal Reserve Act New York Approved B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , London, England: g r a n t s c o n s e n t to form an Edge Corporation in Houston, T e x a s , to be named Barclays Interamerican Corporation, Houston, T e x a s . * * * * * 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 for I n t e r n a t i o n a l I n v e s t ments and Other A c t i o n s Pursuant to S e c t i o n s 25 and 2 5 ( a ) of t h e Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, a s amended Bos ton S i x t y Pay N o t i f i c a t i o n Period Allowed t o Expire The F i r s t N a t i o n a l Bank o f Boston, Boston, M a s s a c h u s e t t s : no o b j e c t i o n to e s t a b l i s h a branch in S e o u l , Korea. New York I r v i n g Trust Company, New York, New York: no o b j e c t i o n t o a c q u i r e 4 9 . 9 percent of the shares of Banco A u s t r a l , S . A . , Buenos A i r e s , A r g e n t i n a . San Francisco BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a : no o b j e c t i o n to i n c r e a s e i t s investment in a wholly-owned s u b s i d i a r y , BA Finance (Japan) Ltd. * * * * * To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) o f t h e Bank Holding Company Act o f 1956 Atlanta Withdrawn Lawrence County Bancshares, I n c . , Lawrenceburg, T e n n e s s e e , f o r approval to acquire at l e a s t 80 percent of the v o t i n g s h a r e s of The Lawrence County Bank, Lawrenceburg, T e n n e s s e e . 1/ » 17 A p p l i c a t i o n processed on b e h a l f of the Board of Governors under d e l e g a t e d authority. H.2, 1981 No. 22 — 6 ACTIONS OF THE BOARD-Cont inued Dallas New York Darrouzett Bancshares, I n c . , Darrouzett, Texas, f o r approval to acquire at l e a s t 80 percent of t h e v o t i n g shares of The F i r s t National Bank of Darrouzett, Darrouzett, Texas. Approved F i r s t Glen Bancorp, I n c . , Glen F a l l s , New York, for approval to acquire 100 percent of the v o t i n g shares of the succesor by merger to The F i r s t National Bank of Glen F a l l s , Glen F a l l s , New York. I f Ph i l a d e l p h i a Bancshares of New J e r s e y , I n c . , Wilmington, Delaware, for approval to acquire 100 percent of the v o t i n g shares ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of The Bank of New J e r s e y , Camden, New J e r s e y , The Bank of New J e r s e y , N.A. , Moorestown, a proposed new bank and Prospect Park National Bank, Wayne, a l l in New J e r s e y . JL/ Philadelphia Northeastern Bancorp. , Inc. , Scranton, Pennsylvania, for approval to acquire 100 percent of the v o t i n g shares of Northeastern Bank of Pennsylvania, Mount Pocono, Penns y l v a n i a . J7 Philadelphia Southeastern National Bancshares of Pennsylvania, I n c . , Malvern, Pennsylvania, for approval to acquire 100 percent of the v o t i n g shares (except d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of Southeast National Bank of Pennsylvania, Chester, Pennsylvania. JL/ Cleveland Kentucky Bank-Shares of Lexington, Lexington, Kentucky, for approval to acquire 100 percent of the v o t i n g shares of Bank of Lexington, Lexington, Kentucky. JL/ Atlanta F i r s t Gonzales Corporation, Conzales, L o u i s i a n a , f o r approval to acquire at l e a s t 80 percent of t h e v o t i n g shares of F i r s t National Bank of Gonzales, Gonzales, L o u i s i a n a . \J At lant a United Bancshares, I n c . , Chattanooga, Tennessee, for approval to acquire 100 percent of the v o t i n g shares of United Bank of Chattanooga, Chattanooga, Tennessee. I f Atlanta United Barikshares, I n c . , Miami, F l o r i d a , f o r approval to acquire a t l e a s t 80 percent of the v o t i n g shares of United National Bank of Miami, Dade County, F l o r i d a . J L / 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, 1981 No. 22 - 7 ACTIONS OF THE BOARD-Cont inued Chicago Champaign Bancorp, I n c . , Champaign, I l l i n o i s , f o r approval to acquire 100 percent of the v o t i n g shares ( l e s s d i r e c tors ' q u a l i f y i n g shares) of the successor by merger to The F i r s t National Bank i n Champaign, Champaign, I l l i n o i s . V Chicago Lee County Bancorp., I n c . , Fort Madison, Iowa, f o r approval to acquire at l e a s t 23 percent of the v o t i n g shares of Lee County Savings Bank, Fort Madison, Iowa. JL/ Minneapolis L a k e v i l l e F i n a n c i a l S e r v i c e s , I n c . , L a k e v i l l e , Minnesota, f o r approval to acquire at l e a s t 90.8 percent of the v o t i n g shares of F i r s t L a k e v i l l e S t a t e Bank, L a k e v i l l e , Minnesota. JL/ Kansas City Columbine Valley Corporation, L i t t l e t o n , Colorado, f o r approval to acquire 100 percent of the v o t i n g shares of Columbine Valley Bank and Trust, L i t t l e t o n , Colorado. 1/ Kansas City Grant Bancshares, I n c . , Grant, Nebraska, for approval to acquire at l e a s t 92.8 percent of the voting shares of The Farmers National Bank of Grant, Grant, Nebraska. JL/ Dallas F i r s t Baird Bancshares, I n c . , Baird, Texas, f o r approval to 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 Baird, Baird, Texas. 1/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) o f the Bank Holding Company Act of 1956 Philadelphia. Philadelphia JL/ Approved Northern National Corporation, Morrestown, New J e r s e y (formerly Bancshares of New J e r s e y , I n c . ) , f o r approval to acquire 100 percent of the v o t i n g shares of Bancshares of New J e r s e y , I n c . , Wilmington, Delaware. \j Northern National Corporation, Morrestown, New Jersey (formerly Bancshares of New J e r s e y , I n c . ) and Bancshares of New J e r s e y , I n c . , Wilmington, Delaware, for approval to acquire 100 percent of the v o t i n g shares ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of The Bank of New J e r s e y , N.A. , Morrestown, New J e r s e y , a proposed new bank. J L / A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. H.2, 1981 No. 22 — 8 — ACTIONS OF THE BOARD-Continued Richmond Mercantile Bankshares Corporation, Baltimore, Maryland, for approval to acquire 100 percent of the voting shares of the successor by merger to The Forest H i l l S t a t e Bank, Forest H i l l , Maryland. If Richmond Mercantile Bankshares Corporation, Baltimore, Maryland, for approval to acquire 100 percent of the voting shares of the successor by merger to St. Michaels Bank, St. Michaels, Maryland. If Chicago Peoples Banking Corporation, Bay C i t y , Michigan, f o r approval to acquire 100 percent of the v o t i n g shares of the s u c c e s s o r by c o n s o l i d a t i o n to Community Bank, Bad Axe, Michigan. 1/ Minneapolis Northwest Bancorporation, Minneapolis, Minnesota, f o r approval to acquire 100 percent of the v o t i n g shares of S t a t e Financial S e r v i c e s , I n c . , Worthington, Minnesota and i n d i r e c t l y S t a t e Bank of Worthington, Worthington, Minnesota. Minneapolis Security BancShares of Montana, I n c . , B i l l i n g s , Montana, for approval to acquire a t l e a s t 70 percent of the v o t i n g shares of F i r s t C i t i z e n s Bank of M i l e s C i t y , Miles C i t y , Montana. 1/ Dallas National Bancshares Corporation of Texas, San Antonio, Texas, for approval to acquire 100 percent of the v o t i n g shares of Republic National Back of A u s t i n , A u s t i n , Texas. 1/ Dallas Texas Commerce Bancshares, I n c . , Houston, Texas, f o r approval to acquire 100 percent ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the v o t i n g shares of Texas Commerce Bank-Clear Lake, National A s s o c i a t i o n , Houston, Texas, a proposed new bank. 1/ * * * * * To Expand a Bank Holding Company Pursuant to Sec ton 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956 New York 1/ Approved National Bank of Canada, Montreal, Quebec, Canada, for approval to continue to engage in mortgage banking a c t i v i t i e s A p p l i c a t i o n processed on behalf of the Board of Governors under delegated authority. 1 H. 2, 1981 No. 22 - 9 ACTIONS OF THE BOARD-Continued from an o f f i c e in S e a t t l e , Washington, of Laurentide F i nancial R e a l t y Corporation (Western) l t d . , Vancouver, B r i t i s h Columbia, Canada. Chicago Continental I l l i n o i s Corporation, Chicago, I l l i n o i s , for approval to acquire the a s s e t s of Dril lamex, I n c . , New York, New York. If Minneapolis Otto Bremer Foundation and Otto Bremer Company, both of S t . Paul, Minnesota, for approval to r e t a i n , through t h e i r s u b s i d i a r y , F i r s t Agency of the Apostle I s l a n d s , I n c . , Washburn, Wisconsin, the a s s e t s and c e r t a i n o f f i c e s of McCarty Insurance Agency, B a y f i e l d , Wisconsin and Washburn Agency, Washburn, Wisconsin. San Francisco S e a f i r s t Corporation, S e a t t l e , Washington, f o r approval to engage de novo through a wholly-owned s u b s i d i a r y , S e a f i r s t Payment S e r v i c e s Corporation in the issuance and s a l e of t r a v e l e r s checks. Richmond San Francisco 1/ 3/ Delayed Dominion Bankshares Corporation, Roanoke, V i r g i n i a , n o t i f i c a t i o n of intent to expand i t s de novo a c t i v i t i e s (to include acting as insurance agent or broker in the s a l e of c r e d i t l i f e i n s u r ance; and nonconvertible term l i f e insurance r e l a t e d to or a r i s i n g out of loans made or c r e d i t t r a n s a c t i o n s ) at 213 South J e f f e r s o n S t r e e t , Roanoke, V i r g i n i a , through i t s s u b s i d i a r y , Dominion Leasing Corporation, a s u b s i d i a r y of Dominion Bankshares Corporation ( 5 / 2 9 / 8 1 ) 3/ BankAmerica Corporation, San Francisco, C a l i f o r n i a , not 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 (making or a c q u i r i n g for i t s own account loans and other e x t e n s i o n s 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 e x t e n s i o n s of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d accident and h e a l t h insurance; 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 limited t o , 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 s a l e s finance c o n t r a c t s , making loans and other e x t e n s i o n s of c r e d i t to small b u s i n e s s e s , making loans and other e x t e n s i o n s of c r e d i t secured by r e a l 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 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, 1981 No. 22 — 10 — ACTIONS OF THE BOARD-Cont inued accident and h e a l t h insurance d i r e c t l y r e l a t e d to extens i o n s of c r e d i t made or acquired by FinanceAmerica Indust r i a l Plan, I n c . ) at 1141 East Altamonte Drive, Altamonte Springs, F l o r i d a , s e r v i n g the e n t i r e s t a t e of F l o r i d a , through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica I n d u s t r i a l Plan, I n c . a Florida c o r p o r a t i o n ( 5 / 2 9 / 8 1 ) 3/ Kansas City New York New York 3/ Reactivatd Farmers E n t e r p r i s e s , I n c . , A l b e r t , Kansas, 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 (making or acquiri n g for i t s own account or for the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t ) i n Great Bend, Kansas, the geographic area to be served by t h i s o f f i c e i n c l u d e s Barton County, Kansas ( 5 / 2 6 / 8 1 ) 3/ Permitted The Chase Manhattan Corporation, New York, New York, r e q u e s t s permission to e s t a b l i s h a de novo o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g , for i t s own account and f o r the account of o t h e r s , secured loans and other e x t e n s i o n s of c r e d i t including but not limited t o , consumer and b u s i n e s s l i n e s of c r e d i t , i n s t a l l m e n t loans for personal, household and business purposes, to s e r v i c e loans and other e x t e n s i o n s of c r e d i t ; to s e l l t r a v e l e r s checks at r e t a i l ; to act as insurance agent for c r e d i t l i f e insurance and c r e d i t accident and 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 to such lending and s e r v i c i n g a c t i v i t i e s ) at 2 Corporate Plaza Drive, Newport Beach, C a l i f o r n i a , through i t s s u b s i d i a r y , Chase Manhattan Financial S e r v i c e s , Inc. ( 5 / 2 7 / 8 1 ) 3/ C i t i c o r p , New York, New York, r e q u e s t s permission to r e l o c a t e and to expand the s e r v i c e area and a c t i v i t i e s of an e x i s t i n g o f f i c e engaging i n the following a c t i v i t i e s (the p r e v i o u s l y approved a c t i v i t i e s which w i l l be r e l o c a t e d to the new o f f i c e are as f o l l o w s : the purchasing and s e r v i c i n g f o r i t s own account of s a l e s finance c o n t r a c t s ; the extension of loans to d ea lers f o r the financing of inventory ( f l o o r planning) and working c a p i t a l purposes; the s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t and h e a l t h or 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 l i c e n s e d agents o r brokers, as required; the s a l e of c r e d i t related property and c a s u a l t y insurance p r o t e c t i n g r e a l and personal property subject to a s e c u r i t y agreement with C i t i c o r p Person-to-person Financial Center, I n c . , to the extent permissible under applicable s t a t e insurance laws and 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, 1981 No. 22 - 11 ACTIONS OF THE BOARD-Cont inued r e g u l a t i o n s ; and the s e r v i c i n g f o r any person, of loans and other e x t e n s i o n s of c r e d i t , the p r e v i o u s l y approved s e r v i c e area of the o f f i c e would be expanded to include the e n t i r e s t a t e of North Carolina; the proposed new a c t i v i t y to be conducted from the o f f i c e would be; the making of loans to i n d i v i d u a l s and b u s i n e s s e s to finance the purchase of mobile homes, modular u n i t s or related manufactured housing t o g e t h e r with the r e a l property to which such housing i s or w i l l be permanently a f f i x e d , such property being used as s e c u r i t y for the loans; the s a l e of c r e d i t related property and c a s u a l t y insurance would not be expanded to the new s e r v i c e area nor extended to cover the proposed new a c t i v i t y ; c r e d i t related l i f e , a c c i d e n t , and h e a l t h 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 C e n t e r , I n c . ) from 3535 South Wilmington S t r e e t , Raleigh, North Carolina to 4915 Waters Edge Drive, R a l e i g h , North Carolina, 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 . (5/22/81) 3/ New York Manufacturers Hanover Corporation, New York, New York, r e q u e s t s permission to r e l o c a t e and to expand the s e r v i c e area of an e x i s t i n g o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s (consumer f i n a n c e , s a l e s finance and home e q u i t y lending a c t i v i t i e s and in the s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e , and c r e d i t a c c i d e n t , health and property i n s u r ance; the new o f f i c e w i l l serve customers in Clayton, Western Henry, South Western Dekalb, Northeastern F a y e t t e , and Fulton Counties) from 118 South Main S t r e e t , Jonesboro, Georgia to 4434 Jonesboro Road, Forest Park, Georgia, through i t s s u b s i d i a r y , R i t t e r Finance Company, I n c . , of Georgia ( 5 / 2 9 / 8 1 ) 3/ New York Manufacturers Hanover Corporation, New York, New York, r e q u e s t s permission to 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 (consumer finance and s a l e s finance a c t i v i t i e s and in the s a l e of insurance r e l a t e d to such lending a c t i v i t i e s ) from 333 Market S t r e e t , Shreveport, Louisiana to 3713 Jewela Road, Shreveport, Louisiana, through i t s s u b s i d i a r y , Termplan Incorporated of Louisiana ( 5 / 2 9 / 8 1 ) 3/ New York Manufacturers Hanover Corporation, New York, New York, r e q u e s t s permission to r e l o c a t e and to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e engaging in the following a c t i v i t i e s (consumer f i n a n c e , s a l e s f i n a n c e , and home e q u i t y lending a c t i v i t i e s and in the s a l e of insurance r e l a t e d to such 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 . I H.2, 1981 No. 22 - 1 2 - ACTIONS OF THE BOARD-Continued lending a c t i v i t i e s in include purchasing motor v e h i c l e s a l e s finance c o n t r a c t s , and to s e l l c r e d i t l i f e insurance d i r e c t l y r e l a t e d to such lending such lending a c t i v i t i e s ) from 12818 N. 19th Avenue, Phoenix, Arizona to 4245 W. Thunderbird Road, Phoenix, Arizona, through i t s s u b s i d i a r y , Termplan, Inc. , of Arizona ( 5 / 3 0 / 8 1 ) 3/ New York Manufacturers Hanover Corporation, New York, New York, r e q u e s t s permission to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e engaging i n the following a c t i v i t i e s (consumer f i n a n c e , s a l e s f i n a n c e , and home e q u i t y lending a c t i v i t i e s and i n the s a l e of insurance related to such lending a c t i v i t i e s to include purchasing motor v e h i c l e s a l e s finance c o n t r a c t s , and to s e l l c r e d i t l i f e insurance d i r e c t l y r e l a t e d to such lending a c t i v i t y ) at 2334 E. Broadway, P.O. Box 40356, Tucson, Arizona, through i t s s u b s i d i a r y , Termplan, I n c . , of Arizona ( 5 / 3 0 / 8 1 ) 3/ New York Manufacturers Hanover Corporation, New York, New York, r e q u e s t s permission to e s t a b l i s h de novo o f f i c e s engaging in the following a c t i v i t i e s (arranging, making or acquiring f o r i t s own account or for the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t secured by a homeowner's equity i n t e r e s t in a home such as would be made by a consumer finance company; s e r v i c i n g such loans and other extensions of c r e d i t for any person; a c t i n g as an agent or broker for the s a l e of s i n g l e and j o i n t c r e d i t l i f e insurance which i s d i r e c t l y r e l a t e d to such loans and e x t e n s i o n s of c r e d i t ; and through i t s s u b s i d i ary, Tempco Life Insurance Company r e i n s u r i n g such c r e d i t insurance) at 105 S. Dupont Highway, Dover, Delaware; 109 Market S t r e e t , Laurel, Delaware; Brookside Shopping Center, 85 Marrows Road, Newark, Delaware and Smyrna Mart, Smyrna, Delaware, through i t s subsidiary, I n v e s t o r s Mortgage of Delaware ( 5 / 2 4 / 8 1 ) 3 / Atlanta American Banks of F l o r i d a , I n c . , J a c k s o n v i l l e , Florida, not 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 ( t o act as agent or broker for the s a l e of c r e d i t l i f e , c r e d i t accident and h e a l t h insurance d i r e c t l y r e l a t e d to e x t e n sions of c r e d i t by i t s subsidiary banks) in J a c k s o n v i l l e , F l o r i d a , through a s u b s i d i a r y , ABFI, Inc. ( 5 / 2 9 / 8 1 ) 3/ At l a nt a Third National Corporation, N a s h v i l l e , Tennessee, n o t i f i cation of i n t e n t to engage in de novo a c t i v i t i e s (conducting the b u s i n e s s of a mortgage company, including the making or acquiring, for i t s own account or for the 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 authority. H.2, 1981 No. 22 - 13 ACTIONS OF THE BOARD-Continued account of o t h e r s , loans and other extensions of c r e d i t and s e r v i c i n g loans and other e x t e n s i o n s of c r e d i t for any person) a t 41 Federal Drive, Jackson, Tennessee, through a s u b s i d i a r y , Third National Mortgage Company ( 5 / 2 5 / 8 1 ) 3/ Chicago F i r s t Macomb Corporation, Mount Clemens, Michigan, 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 (making or acquiring f o r i t s own account or f o r the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t such as would be made by a commercial f i n a n c e a c t i v i t y , including commercial loans secured by a borrower's i n v e n t o r y , accounts r e c e i v a b l e , f i x e d a s s e t s (both real and p e r s o n a l ) , l e a s e s or other a s s e t s , and s e r v i c i n g such l o a n s ) at 1 N. G r a t i o t , Mount Clemens, Michigan, serving s o u t h e a s t e r n Michigan ( 5 / 2 9 / 8 1 ) 3/ Chicago United Central Bancshares, I n c . , Des Moines, Iowa (formerly Central National Bancshares, I n c . , Des Moines, Iowa, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (providing bookeeping or data processing s e r v i c e s ; s t o r i n g and p r o c e s s ing other banking, f i n a n c i a l , or r e l a t e d economic data, such as performing p a y r o l l , accounts r e c e i v a b l e or payable, or b i l l i n g s e r v i c e s ; and the l e a s i n g of e x c e s s computer time t o the holding company, i t s s u b s i d i a r i e s and unrelated p a r t i e s ) the a c t i v i t i e s were commenced de novo by United Central Bank of Des Moines, the geographic scope w i l l be the State of l o w and contiguous s t a t e s , through a s u b s i d i a r y , Iowa United Building Corporation, Des Moines, Iowa ( 5 / 2 7 / 8 1 ) 3/ Minneapolis F i r s t Bank Systems, I n c . , Minneapolis, Minnesota, n o t i f i c a t i o n of i n t e n t to r e l o c a t e de novo a c t i v i t i e s (mortgage banking a c t i v i t i e s i n c l u d i n g the brokering, o r i g i n a t i o n , purchase, s a l e , and s e r v i c i n g of real e s t a t e loans) from 1148 Bank of C a l i f o r n i a Center, 900 Fourth Avenue, S e a t t l e , Washington to Northwest B u i l d i n g , S u i t e 102, 700 - 112th S t r e e t N.E., B e l l e v u e , Washi n g t o n , through i t s s u b s i d i a r y , FBS Mortgage Corporation ( 5 / 2 7 / 8 1 ) 3/ Kansas City Farmers E n t e r p r i s e s , I n c . , A l b e r t , Kansas, n o t i f i c a t i o n of i n t e n t to engage i n -de novo act i v i t i e s (making or acquiring f o r i t s own account or f o r the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t ) i n Great Bend, Kansas, t h e geographic area to be served by t h i s o f f i c e i n c l u d e s Barton County, Kansas ( 5 / 2 6 / 8 1 ) 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 d e l e g a t e d a u t h o r i t y . 1 H.2, 1981 No. 22 — 14 — ACTIONS OF THE BOARD-Continued Dal l a s Baylor Bancshares, I n c . , Seymour, Texas, 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 ( i n commercial r e a l e s t a t e financing a c t i v i t i e s ; these a c t i v i t i e s would include the extension of d i r e c t loans to b u s i n e s s e s , i n d i v i d u a l s , c o r p o r a t i o n s , partnerships and p r o p r i e t o r s h i p s , f o r the purchase or c o n s t r u c t i o n of b u i l d i n g s , or f a c i l i t i e s for commercial purposes; a l s o , the discount of notes or c o n t r a c t s , the purchase and s a l e of notes r e l a t e d to the r e a l e s t a t e f i n a n c ing b u s i n e s s ) a c t i v i t i e s w i l l be served from the above addr e s s to an area of those contiguous c o u n t i e s within a 100 mile radius, through i t s s u b s i d i a r y , Baylor Mortgage Co., I n c . ( 5 / 3 0 / 8 1 ) 3/ Dal l a s National Bancshares Corporation of Texas, San Antonio, Texas, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (engaging in c r e d i t l i f e insurance and c r e d i t accident aad h e a l t h insurance underwriting d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t ) at Soledad & Martin S t r e e t s , Post O f f i c e Drawer 121 San Antonio, Texas, through i t s s u b s i d i a r y , National Bancshares L i f e Insurance Company ( 5 / 3 0 / 8 1 ) 3/ San Francisco Imperial Bancorp, Inglewood, C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage in de novo,act i v i t i e s (making, acquiring or placing loans and other e x t e n s i o n s of c r e d i t for i t s own account and f o r the account of others and s e r v i c i n g such loans and other e x t e n s i o n s of c r e d i t for i t s own account and f o r the account of others in the S t a t e of C a l i f o r n i a ) a t 9920 South La Cienega Boulevard, I n g l e wood, C a l i f o r n i a , s e r v i n g t h e S t a t e ; o f C a l i f o r n i a , through a wholly owned s u b s i d i a r y , Imperial Creditcorp and ( t o engage primarily in insurance premium f i n a n c i n g r e l a t i n g to both commercial and consumer property and c a s u a l t y insurance) to open an o f f i c e 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 32nd S t r e e t and East Camel back Road, Phoenix, Arizona, s e r v i n g the S t a t e of Arizona and 235 Montgomery S t r e e t , San F r a n c i s c o , C a l i f o r n i a , s e r v i n g the S t a t e of C a l i f o r n i a , through a s u b s i d i a r y , Imperial C r e d i t corp. ( 5 / 2 9 / 8 1 ) 3/ San Francisco Security P a c i f i c Corporation, 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 i n t e n t to engage i n de novo act i v i t i e s (making or acquiring f o r i t s own account or f o r the account of o t h e r s , loans and e x t e n s i o n s of c r e d i t , including making consumer i n s t a l l m e n t personal l o a n s , purchasing consumer i n s t a l l m e n t s a l e s finance c o n t r a c t s , making loans to small b u s i n e s s e s and other e x t e n s i o n s of c r e d i t such as would be made by a f a c t o r i n g company or a consumer finance company; 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 . I H.2, 1981 No. 22 - 1 5 ACTIONS OF THE BOARD-Continued and acting as broker or agent for the s a l e of c r e d i t - r e l a t e d l i f e , accident and health insurance) at 700 108th Avenue, N . E . , B e l l e v u e , Washington and 16400 South Center Parkway, Tuckwilla, Washington, s e r v i n g the State of Washington, through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c Finance Corp. ( 5 / 2 6 / 8 1 ) 3/ San Francisco Security P a c i f i c Corporation, Los Angeles, C a l i f o r n i a , not i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in financing and i n d u s t r i a l loan and t h r i f t company a c t i v i t i e s including making, acquiring and s e r v i c i n g loans and other extensions of c r e d i t ; s e l l i n g and i s s u i n g investment c e r t i f i c a t e s ; and a c t i n g as agent for the s a l e of 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 h e a l t h insurance as authorized by Washington law) at 700 108th Avenue, N . E . , Bel levue, Washington and 16400 South Center Parkway, Tuckwilla, Washington, s e r v i n g the S t a t e of Washington, through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c I n d u s t r i a l Loan Company ( 5 / 2 6 / 8 1 ) 3/ San Francisco U.S. Bancorp, Portland, Oregon, 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 s e r v i c i n g of loans and other extensions of c r e d i t , e i t h e r secured or unsecured, for i t s own account or the account of others i n c l u d i n g , but not l i m i t e d to commerical, rediscount and instalment s a l e s c o n t r a c t s ; to i s s u e t h r i f t c e r t i f i c a t e s and passbooks and to act as insurance agent with regard to c r e d i t l i f e and d i s a b i l i t y insurance s o l e l y in connection w i t h e x t e n s i o n s of c r e d i t by C i t i z e n s Applewood I n d u s t r i a l Bank in conformance with the p r o v i s i o n s of S e c t i o n s 2 2 5 . 4 ( a ) ( 1 ) , ( 2 ) , (3) and ( 9 ) ( i i ) of R e gulation Y) l o c a t e d within a o n e - h a l f mile radius of the i n t e r s e c t i o n of 26th Avenue and Youngfield S t r e e t in J e f f e r s o n County, Colorado, the geographic area to be served by the proposed de novo subsidiary i s that area which comprises the Denver SMSA, through a wholly-owned s u b s i d i a r y , U.S. Bancorp F i n a n c i a l , I n c . ( 5 / 2 9 / 8 1 ) 3J 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, 1981 No. 22 - 1 6 APPLICATIONS RECEIVED To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 of the Federal Reserve Act New York The Adirondack Trust Company, Saratoga Springs, New York. Requests permission to e s t a b l i s h two e l e c t r o n i c f a c i l i t y o f f i c e s at the following l o c a t i o n s : 1. 2. Skidmore C o l l e g e , Saratoga Springs, New York. northeast corner of Marion Avenue and Route 50, Saratoga Springs, New York. If New York The Bank of New York, New York. Requests permission to e s t a b l i s h a branch o f f i c e at I n t e r n a t i o n a l Business Machines Corporation, 1133 Westchester Avenue, Harrison, Westchester County, New York. 2/ Atlanta The Bank of New Orleans and Trust Company, New Orleans, Louisiana. To e s t a b l i s h an ATM to be l o c a t e d in the Ten-O-One Howard Avenue B u i l d i n g , 1001 Howard Avenue, New Orleans, Louisiana. 2J Chicago Hendricks County Bank and Trust Company, Brownsburg, Indiana. To e s t a b l i s h a branch at the i n t e r s e c t i o n of S t a t e Road 267 and I n t e r s t a t e 74, on lot number 3 i n Brownsburg Square, Brownsburg, Indiana. 2J S t . Louis Jackson Exchange Bank and Trust Company, Jackson, Missouri. For permission to e s t a b l i s h a f a c i l i t y (branch) at Highway 61 and 177 J u n c t i o n , F r u i t l a n d , Cape Girardeau County, Missouri. 2/ * * * * * To E s t a b l i s h a U.S. Branch of an Edge Act Corporation Pursuant to S e c t i o n 25(a) of the Federal Reserve Act Cleveland 2/ Pittsburgh National Bank, Pittsburgh, Pennsylvania: r e q u e s t s consent for i t s wholly owned Edge s u b s i d i a r y , Pittsburgh I n t e r n a t i o n a l Bank, to e s t a b l i s h a branch in Los Angeles, California. A p p l i c a t i o n subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. H. 2, 1981 No. 22 -17 - APPLICATIONS RECEIVED-Cont inued To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) of the Bank Holding Company Act of 1956 Cleveland Peoples Exchange Bancorp, I n c . , B e a t t y v i l l e , Kentucky, f o r approval to acquire at l e a s t 80 percent of the voting shares of The Peoples Exchange Bank of B e a t t y v i l l e , B e a t t y v i l l e , Kentucky. 2/ Atlanta Franklin Bancorp, I n c . , College Grove, Tennessee, f o r approval to acquire 91.725 percent of the v o t i n g shares of Bank of College Grove, College Grove, Tennessee. 2J Atlanta R a i n s v i l l e Holding Company, I n c . , R a i n s v i l l e , Alabama, for approval to acquire at l e a s t 80 percent of the v o t i n g shares of R a i n s v i l l e Bank, R a i n s v i l l e , Alabama. 2/ Minneapolis Union Holding Company, H a l l i d a y , North Dakota, f o r approval to acquire 8 6 . 5 percent of the v o t i n g shares of The Union Bank, H a l l i d a y , North Dakota. 2/ Kansas City F a l l River Bankshares, I n c . , F a l l River, Kansas, for approval to acquire at l e a s t 8 2 . 3 percent of the v o t i n g shares of F a l l River S t a t e Bank, Fall River, Kansas. 1/ Kansas City Meeker Bancshares, I n c . , Meeker, Oklahoma, f o r approval to acquire a t l e a s t 80 percent of the v o t i n g shares of Bank of Meeker, Meeker, Oklahoma. 2/ Dallas Howe F i n a n c i a l Corporation, Howe, Texas, for approval t o acquire at l e a s t 80 percent of the v o t i n g shares of Howe S t a t e Bank, Howe, Texas. 2/ San Francisco Canadian Commercial Bank, Edmonton, Albert a, Canada, f o r approval to acquire at l e a s t 4 0 . 1 2 percent of t h e v o t i n g shares of Westlands Bank, Santa Ana, C a l i f o r n i a . 2/ San Francisco CCB Bancorp, Inc. , Los Angeles, C a l i f o r n i a , for approval t o acquire at l e a s t 40.12 percent of the v o t i n g shares of West lands Bank, Santa Ana, C a l i f o r n i a . 2/ 2/ A p p l i c a t i o n subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1981 No. 22 - 1 8 APPLICATIONS RECEIVED-Cont inued To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956 Atlanta Southern Bancorporation of Alabama, Birmingham, Alabama, for approval to acquire at l e a s t 80 percent of the voting shares of Auburn Bank & Trust Company, Auburn, Alabama. 2/ Kansas City Agri Bancorporation, Holyoke, Colorado, f o r approval to acquire 100 percent of t h e v o t i n g shares of Sedgwick County Bank, Julesburg, Colorado, a proposed new bank. 2/ San Francisco Century Holding Corporation, San F r a n c i s c o , C a l i f o r n i a , for approval to acquire 100 percent of the v o t i n g shares of Century Bank, Los Angeles, C a l i f o r n i a . 2/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956 New York The Chase Manhattan Corporation, New York, New York, r e q u e s t s permission to e s t a b l i s h a de novo 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 (making or acquiring, f o r i t s own account or for the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t secured by r e a l e s t a t e i n c l u d i n g , but not l i m i t e d t o , f i r s t and second mortgage loans secured by mortgages on o n e - t o - f o u r family r e s i d e n t i a l p r o p e r t i e s ; to s e r v i c e loans and other e x t e n s i o n s of c r e d i t for any person; to s e l l mortgage loans in the secondary market; and to o f f e r mortgage term l i f e i n s u r ance , a c c i d e n t and h e a l t h insurance and d i s a b i l i t y i n surance d i r e c t l y r e l a t e d to such lending and s e r v i c i n g a c t i v i t i e s ) l o c a t e d i n the area of the i n t e r s e c t i o n of Routes 2 and 50 i n Annapolis, Maryland, through i t s subs i d i a r y , Chase Home Mortgage Corporation ( 5 / 2 6 / 8 1 ) New York Key Banks I n c . , Albany, New York, requests permission t o expand the a c t i v i t i e s of an e x i s t i n g o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s (the s e r v i c i n g of loans and other e x t e n s i o n s of c r e d i t and providing bookkeeping or data processing s e r v i c e s and s t o r i n g and processing banking, 2/ A p p l i c a t i o n subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. I H.2, 1981 No. 22 - 1 9 APPLICATIONS RECEIVED-Cont inued f i n a n c i a l or related data for n o n a f f i l i a t e d banking o r g a n i z a t i o n s and others; the a c t i v i t i e s w i l l include performing accounts r e c e i v a b l e or payable or b i l l i n g s e r v i c e s in c o n n e c t i o n with the debit and/or c r e d i t card operations of banks, c r e a t i n g and maintaining appropriate computer records of bank merchant and cardholder custome r s , posting t r a n s a c t i o n s , preparing and r e c o n c i l i n g s t a t e m e n t s , m a i l i n g s t a t e m e n t s , producing and mailing d e b i t and/or c r e d i t cards, providing a u t h o r i z a t i o n s e r v i c e to merchants, and handling normal customer and merchant inquires and problems) at 800 North Pearl S t r e e t , Albany, New York, through i t s s u b i s i d a r y , Keycard Corp. (5/28/81) New York Manufacturers Hanover Corporation, New York, New York, r e q u e s t s permission to e s t a b l i s h a de novo o f f i c e engaging in the following a c t i v i t i e s (arranging, making or acquiring for i t s own account or for the account of o t h e r s , loans and other extensions of c r e d i t secured by a homeowner's equity i n t e r e s t in a home such as would be made by a consumer finance company, s e r v i c i n g such loans and other e x t e n s i o n s of c r e d i t for any person, a c t i n g as an agent or broker for the s a l e of s i n g l e and j o i n t c r e d i t l i f e insurance v*iich i s d i r e c t l y r e l a t e d to such loans and e x t e n s i o n s of c r e d i t , and through i t s subs i d i a r y , Tempco L i f e Insurance Company r e i n s u r i n g such c r e d i t l i f e insurance; and purchasing i n s t a l l m e n t s a l e s finance c o n t r a c t s , a c t i n g as an agent or broker for the s a l e of s i n g l e and j o i n t c r e d i t l i f e insurance and c r e d i t accident and h e a l t h insurance which i s d i r e c t l y r e l a t e d to such loans and extensions of c r e d i t , and through i t s s u b s i d i a r y , Tempco L i f e Insurance Company r e i n s u r i n g such c r e d i t l i f e and accident and h e a l t h insurance) at Central Square, O f f i c e #1, Central Avenue and New Road (Rt. 9 ) , Linwood, New J e r s e y , serving the following c o u n t i e s : Southern G l o u c e s t e r , Southern Camden, A t l a n t i c , Eastern Salem, Cape May, Cumberland, Southern Burlington, and Southern Ocean, through i t s s u b s i d i a r i e s , I n v e s t o r s Loan Corporation of New Jersey and Investors Mortgage Company of New Jersey ( 5 / 2 9 / 8 1 ) New York Manufacturers Hanover Corporation, New York, New York, r e q u e s t s permission to e s t a b l i s h a de novo o f f i c e engaging i n the following a c t i v i t i e s (arranging, making or acquiring for 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 homeowner's equity interest: in a home such as would be made by a consumer finance company, s e r v i c i n g such H.2, 1981 No. 22 - 2 0 APPLICATIONS RECEIVED-Cont inued loans and other extensions of c r e d i t for any person, a c t i n g as an agent or broker for the s a l e of s i n g l e c r e d i t l i f e insurance which i s d i r e c t l y r e l a t e d to such loans and e x t e n s i o n s of c r e d i t , and through i t s s u b s i d i a r y , H i t t e r L i f e Insurance Company r e i n s u r i n g such c r e d i t l i f e insurance; and purchasing i n s t a l l ment s a l e s finance c o n t r a c t s , a c t i n g as an agent or broker for the s a l e of s i n g l e c r e d i t l i f e insurance and c r e d i t accident and h e a l t h insurance which i s d i r e c t l y r e l a t e d to such loans and e x t e n s i o n s of c r e d i t , and through i t s s u b s i d i a r y , H i t t e r Life Insurance Company r e i n s u r i n g such c r e d i t l i f e and a c c i dent and h e a l t h insurance) at Neshaminy I n t e r p l e x , Rt. #1 and Old Lincoln Highway, Trevose, Pennsylvania, serving the following c o u n t i e s : P h i l a d e l p h i a , Montgomery, Chester, Eastern Berks, Southern Lehigh, Bucks, and Southern Northampton, through i t s subsidi a r i e s , H i t t e r Consumer Discount Company, I n c . of Penns y l v a n i a and H i t t e r Mortgage Company of Pennsylvania (5/29/81) Richmond V i r g i n i a National Bankshares, I n c . , N o r f o l k , V i r g i n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (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 or for the account of o t h e r s , loans secured p r i n c i p a l l y by second mortgages on real property; and acting as agent in the s a l e of c r e d i t l i f e insurance and c r e d i t accident and h e a l t h insurance in connect ion w i t h such l o a n s ) at 2699 Lee Road, Winter Park, F l o r i d a , through i t s subs i d i a r y , VNB Equity Corporation ( 5 / 2 6 / 8 1 ) San Franci sco Bancorp Hawaii, Inc. , Honolulu, Hawaii, 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 (to engage in i n d u s t r i a l loan a c t i v i t i e s according to the i n d u s t r i a l loan chapter of the Hawaii Revised S t a t u t e s and to act as agent or broker in the s a l e of c r e d i t r e l a t e d l i f e , accident and h e a l t h insurance) at 930 Wainee, Lahania, Hawaii, through i t s s u b s i d i a r y , Bancorp Finance Hawaii, Inc. ( 5 / 2 6 / 8 1 ) San Franci sco Correction: The n o t i c e for BankAmerica Corporation, San F r a n c i s c o , C a l i fornia to engage i n de novo a c t i v i t i e s at 2734 North Highway 67, F l o r i s s a n t , Missouri, serving the e n t i r e State of M i s s o u r i , the c i t y of East S t . Louis, I l l i n o i s and the f o l l o w i n g counties in I l l i n o i s : Bond, Clinton, Greene, Jersey, Macoupin, Madison, Monroe, Montgomery, Perry, APPLICATIONS RECEIVED-Cont inued Randolph, S t . Clair and Washington, through i t s i n d i r e c t s u b s i d i a r i e s , FinanceAmerica Corporation of Missouri (a Missouri Corporation) and FinanceAmerica Credit Corporat i o n (a Delaware Corporation) ( 5 / 2 0 / 8 1 ) vfaich was l i s t e d on H.2, 1981 No. 21 was i n c o r r e c t . The correct l o c a t i o n and date should have been at 2734 North Highway 67, F l o r i s s a n t , Missouri, s e r v i n g the e n t i r e S t a t e of Missouri and I l l i n o i s , through i t s i n d i r e c t s u b s i d i a r i e s , FinanceAmerica Corporation of Missouri (a Missouri Corporation) and FinanceAmerica Credit Corporation (a Delaware Corporation) (5/27/81) BankAmerica Corporation, San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to 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, loans and other e x t e n s i o n s 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 e x t e n s i o n s of c r e d i t , and o f f e r i n g c r e d i t r e l a t e d l i f e and c r e d i t r e lated accident and h e a l t h insurance; 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 ment l o a n s ; purchasing i n s t a l l m e n t s a l e s finance c o n t r a c t s making loans and other e x t e n s i o n s of c r e d i t to small b u s i n e s s e s ; making loans secured by r e a l and personal property; and the o f f e r i n g of c r e d i t r e l a t e d l i f e , a c c i dent, and h e a l t h insurance d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t made or acquired by FinanceAmer i c a Corporation) a t S u i t e 1001-1005 Wilson B u i l d i n g , Broadway and Cooper S t r e e t , Camden, New Jersey; Vantage Plaza Shopping Center, Cookstown, New J ers ey ; 633 T i l t o n Road, N o r t h f i e l d , New Jersey; and 31A Black Horse P i k e , Runnemede, New J e r s e y , through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Corporat i o n (a New J e r s e y Corporation) ( 5 / 2 7 / 8 1 ) 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 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 loans and other e xte ns i o n s of c r e d i t such as w i l l be made or acquired by a finance company, s e r v i c i n g loans and other e x t e n s i o n s of c r e d i t , and o f f e r i n g c r e d i t r e l a t e d l i f e , 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, except that property insurance w i l l not be o f f e r e d in the S t a t e of Georgia; 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; purchasing i n s t a l l m e n t s a l e s finance c o n t r a c t s ; making loans and other e x t e n s i o n s of c r e d i t to small b u s i n e s s e s ; making loans secured by r e a l and personal property; and the o f f e r i n g of c r e d i t r e l a t e d l i f e , accident and h e a l t h and property insurance d i r e c t l y r e l a t e d to e x t e n s i o n s of I H.2, 1981 No. 22 - 22 APPLICATIONS RECEIVED-Cont inued c r e d i t made or acquired by FinanceAmerica Corporation) at 6400 B u i l d i n g , S u i t e 8300, Eastgate Shopping C e n t e r , Chattanooga, Tennessee, serving the e n t i r e State of Tennessee, Georgia and Alabama, 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 Tennessee Corporation) ( 5 / 2 7 / 8 1 ) San Francisco Canadian Commercial Bank, Edmonton, Alberta, Canada, f o r approval to engage in t h e mortgage banking a c t i v i t i e s of making, acquiring and s e r v i c i n g loans and other ext e n s i o n s of c r e d i t secured by r e a l e s t a t e mortgages and deeds of t r u s t through a wholly-owned s u b s i d i a r y , CCB, R e a l t y , I n c . , Los Angeles, C a l i f o r n i a . * * * * * REPORTS RECEIVED None. * * * * * PETITIONS FOR RULEMAKING None.
@FedFRASER