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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1982 No. 19) Actions of the Board; Applications and Reports APPLICABLE RESERVE BANK Received During the Week Ending May 8„» i.9.82 ACTIONS OF THE BOARD Statement by Chairman Paul A. Volcker before the Subcommittee on Monopolies and Commercial Law of the House Judiciary Committee to discuss House Joint Resolution 350 t o amend the Constitution to encourage budgetary balance. Change in the maximum deferment policy f o r case items collected through Federal Reserve Banks. Annual Report to the Congress on the Electronic Fund Transfer Act for the year 1981. Regulation Z, Truth in Lending, the Federal Reserve Board s t a f f placed on the record for comment a proposed updating of i t s commentary on the Board's Regulation Z; the s t a f f asked f o r comment by June 28, 1982. Regulation M, Consumer Leasing; o f f i c i a l s t a f f commentary, e f f e c t i v e May 12, 1982. Dal las Azle Bancorp, Azle, Texas, extension of time to July 8, 1982, within which to consummate the acquisition of Azle State Bank, Azle, Texas. J / Atlanta Brookhaven Financial Corporation, Brookhaven, Mississippi, extension of time to August 16, 1982, w i t h i n which to become a bank holding company through the acquisition of Brookhaven Bank and Trust Company, Brookhaven, Mississippi. 1/ Atlanta 2/ F i r s t Bancshares, I n c . , SIidel 1, Louisiana, extension of time t o August 11, 1982, w i t h i n which to become a bank holding company through the acquisition of F i r s t Bank, S l i d e ! ! , Louisiana. 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 19 - 2 - AUIONS OF THE BOARD-Continued Atlanta F i r s t Bankers Corporation of F l o r i d a , Pompano Beach, Florida, extension of t i n e to August 15, 1982, within which to acquire Century National Bank of Brevard, Melbourne, Florida. J / Atlanta F i r s t Continental Bancshares, I n c . , Harvey, Louisiana, extension of time to July 5, 1982, within which to become a bank holding company through the acquisition of F i r s t National Bank of Jefferson Parish, Gretna, Louisiana. _]_/ Dallas F i r s t F a i r f i e l d Bankshares, I n c . , F a i r f i e l d , Texas, extension of time to June 5, 1982, within which to consummate the acquisition of F i r s t National Bank, F a i r f i e l d , Texas. v Chicago F & M Financial Services Corporation, Menomonee F a l l s , Wisconsin, extension of time to August 16, 1982, w i t h i n which to become a bank holding company through the acquisition of 80 percent or more of the voting shares of Farmers & Merchants Bank, Menomonee F a l l s , Wisconsin. V Chicago I LB Financial Corp., North Manchester, Indiana, extension of time to June 30, 1982, w i t h i n which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to Indiana Lawrence Bank & Trust Company, North Manchester, Indiana. J_/ Dal las Pioneer Bancshares Corporation, Shreveport, Louisiana, extension of time to July 1, 1982, within which to consummate the acquisition of Pioneer Bank & Trust Company, Shreveport, Louisiana and Zachery Taylor L i f e Insurance Company, Shreveport, Louisiana. ]J Chicago PRAIRIELAND BANCORP, INC., Bushnell, I l l i n o i s , extension of time to June 15, 1982, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of the successor by merger to Farmers and Merchants State Bank of Bushnell, Bushnell, I l l i n o i s . ]_/ Dallas Texas American Bancshares, I n c . , Fort Worth, Texas, extension of time t o June 24, 1982, within which to consummate the acquisition of North Austin State Bank, Austin, Texas. ]_/ Richmond UNB Bancshares, I n c . , Washington, D.C., extension of time within which to become a bank holding company through the acquisition of United National Bank of Washington, Washington, D.C. J / ]/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 19 — 3 ACTIONS OF THE BOARD-Continued Richmond Union Bancorp of West V i r g i n i a , I n c . , Clarksburg, West V i r g i n i a , extension of time w i t h i n which to become a bank holding company through the acquisition of The Union National Bank of Clarksburg, Clarksburg, West V i r g i n i a . \J Atlanta F i r s t Georgia Bank, Atlanta, Georgia, to make an investment in bank premises. \J Chicago Pioneer Bank, North Branch, Michigan, to invest in bank premises. \J New York United States Trust Company of New York, New York, New York, to make an additional investment in bank premises. JJ St. Louis American National Bank of Vincennes, Vincennes, Indiana, proposal to merge with ANB National Bank, Vincennes, Indiana; report to the Comptroller of the Currency on competitive factors. J / St. Louis Bank of Boston, Benton, Kentucky, proposal to merge with B of B Bank, Benton, Kentucky; report to the Federal Deposit Insurance Corporation on competitive factors. J_/ Atlanta Bank of E a g l e v i l l e , E a g l e v i l l e , Tennessee, proposed merger with Union Planters Bank of E a g l e v i l l e , E a g l e v i l l e , Tennessee; report to the Federal Deposit Insurance Corporation on competitive factors. J / Atlanta Capital Bank, North Bay V i l l a g e , Florida, proposed merger with New Capital Bank, North Bay V i l l a g e , Florida; report to the Federal Deposit Insurance Corporation on competitive f act ors. J / Kansas City Central Bank of Pueblo, National Association, Pueblo, Colorado, proposal to merge with Centennial Bank of Pueblo, Pueblo, Colorado; report to the Comptroller of the Currency on competitive f act ors. J / Richmond Dominion National Bank of Greater Hampton Roads, Norfolk, V i r g i n i a , proposed merger with Bank of Smithfield, Smithf i e l d , V i r g i n i a , and Southampton County Bank, Court!and, V i r g i n i a ; report to the Comptroller of the Currency on competitive f a c t o r s . J / 17 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 19 - 4 ACTIONS OF THE BOARD-Continued Atlanta E l l i s National Bank of Volusia County, Debray, Florida, proposed merger with E l l i s National Bank of Ormond Beach, Orrond Beach, Florida; report to the Comptroller of the Currency on competitive factors. J / Philadelphia F i r s t Jersey National Bank/Delaware Valley, T r u n e r s v i l i e , New Jersey, proposal to merge with Continental Bank of New Jersey, Laurel Springs, New Jersey under the t i t l e and charter of the F i r s t Jersey National Bank/Delaware Valley; report to the Comptroller of the Currency on competitive f act ors. V Dal las F i r s t National Amarillo Interim Bank, Amarillo, Texas, proposal t o merge with The F i r s t National Bank of Amarillo, Amarillo, Texas; report to the Comptroller of the Currency on competitive fa cto rs. J / Kansas City F o o t h i l l s National Bank, Fort C o l l i n s , Colorado, proposal to merge with The New F o o t h i l l s National Bank, Fort C o l l i n s , Colorado; report to the Comptroller of the Currency on competitive fa cto rs. V Atlanta Louisiana Bank & Trust Company, Crowley, Louisiana, proposed merger with Bank of Arcadia Parish, Crowley, Louisiana; report to the Federal Deposit Insurance Corporation on competitive fa cto rs. V San Francisco Metropolitan Bank, Milwaukie, Oregon, proposed merger with the Independent Bank of Sandy, Sandy, Oregon, and with Willamette Falls State Bank, Oregon C i t y , Oregon and with Metropolitan Interim Bank, Milwaukie, Oregon, under the charter of Metropolitan Bank and with the t i t l e United Bank of Oregon; report to the Federal Deposit Insurance Corporation on competitive factors. J / Dallas New F i r s t National Bank of Gonzales, Gonzales, Texas, proposed merger with The F i r s t National Bank of Gonzales, Gonzales, Texas; report to the Comptroller of the Currency on competitive factors. ]_/ Kansas City New International State Bank, Albuquerque, New Mexico, proposal to merge with International State Bank, Raton, New Mexico; report to the Federal Deposit Insurance Corporat i o n on competitive factors. J / V Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 19 - 5 ACTIONS OF THE BOARD-Continued San Francisco Peoples National Bank of Washington, Seattle, Washington, proposed purchase of Jefferson National Bank, Port Townsend, Washington, under the t i t l e and charter of the former; report t o the Comptroller of the Currency on competitive f a c t o r s . J / Dallas Raymondvilie State Bank, Raymondville, Texas, proposed merger with New Raymondville State Bank, Raymondville, Texas; report t o the Federal Deposit Insurance Corporat i o n on competitive f a c t o r s . J / Atlanta Royal Trust Bank of Tampa, Tampa, F l o r i d a , proposed merger with Royal Trust Company of St. Petersburg, St. Petersburg, Florida and Royal Trust Bank of Orlando, Orlando, Florida; report to the Federal Deposit Insurance Corporat i o n on competitive f acto rs. JJ J/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 19 - 6 - ACTIONS OF THE BOARD-Continued To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Richmond Approved Bank of the Commonwealth, Norfolk, V i r g i n i a . J / Dal las Cielo Vista Bank, El Paso, Texas. 1/ * * * * * 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 - Shenandoah Valley, Woodstock, V i r g i n i a , t o merge into F i r s t Virginia Bank of Frederick County, Stephens C i t y , V i r g i n i a . 1/ * * * * * Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 St. Louis Not Disapproved Bourbon Bancshares, I n c . , Bourbon, Missouri. 1/ * * * * * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Cleveland Cleveland ]/ Approved The Lorain County Saving and Trust Co., E l y r i a , Ohio. To establish a branch at the southwest corner of the West River Road entrance to Midway Mall, West River North Road, E l y r i a , Lorain County, Ohio. J / Ameritrust Company, Cleveland, Ohio. To establish a branch at 4555 Lake Forest Drive, Blue Ash, Hamilton County, Ohio. J / Application processed on behalf of the Board of Governors under delegated authority. H.2. 1982 No. 19 7 ACTIONS OF THE BOARD-Continued Cleveland The Dollar Savings and Trust Company, Youngstown, Ohio. To establish a branch at the Strouse Parking Garage, northwest corner of Wick Avenue and Commerce Street, Youngstown, Ohio. V Richmond F i r s t V i r g i n i a Bank, Falls Church, V i r g i n i a . To establ i s h a branch at 9915 Georgetown Pike, Fairfax County, V i r g i n i a . 1/ Chicago The Old State Bank of Fremont, Fremont, Michigan. To establish a branch in the v i c i n i t y of 6831 West 48th Street, Dayton Township, Newaygo County, Michigan. ]J San Francisco Valley Bank of Nevada, Las Vegas, Nevada. To establish a branch o f f i c e to be located on the M i l i t a r y I n s t a l l a t i o n in the community of Mercury, Nye County, Nevada. 1/ * * * * * Applications and N o t i f i c a t i o n s for International Investments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended San Francisco Chicago J/ Sixty Day N o t i f i c a t i o n Period Allowed to Expire S e a t t l e - F i r s t National Bank, Seattle, Washington: no objection t o establish a branch in Hong Kong. Sixty Day N o t i f i c a t i o n Period Waived Harris Bankcorp, I n c . , Chicago, I l l i n o i s : no objection to establish an overseas finance subsidiary to be located i n Curacao, the Netherlands A n t i l l e s to be known as Harris Bankcorp Overseas Finance, N.V. Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 19 - 8 - ACTIONS OF THE BOARP-Continued To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Atlanta Atlanta St. Louis New York Returned Dixie Bancorp I n c . , Miami, Florida, f o r approval to acquire 100 percent of the voting shares of Dixie Financial Services, Inc. and i n d i r e c t l y at least 80 percent of the voting shares of Dixie National Bank of Dade County, Dade County (P.O. Miami), Florida. Dixie Financial Services, I n c . , Miami, Florida, f o r approval to acquire at least 80 percent of the voting shares of Dixie National Bank of Dade County, Dade County (P.O. Miami), Florida. Rescinded F i r s t Fordyce Bancshares, I n c . , Fordyce, Arkansas, for approval t o acquire at least 80 percent of the voting shares of The F i r s t National Bank of Fordyce, Fordyce, Arkansas. \J Approved TrustCo Bank Corp N Y, Schenectady, New York, f o r approval t o acquire 100 percent of the voting shares of The Schenectady Trust Company, Schnectady, New York. 1/ Philadelphia Statewide Bancorp, Toms River, New Jersey, f o r appro to acquire 100 percent of the voting shares of The F i r s t National Bank of Toms River, Toms River, New Jersey. V Cleveland F i r s t I n t e r c i t y Banc Corporation, Cleveland, Ohio, f o r approval t o acquire 100 percent of the voting shares of F i r s t Bank National Association, Cleveland, Ohio. \J Cleveland Fort Thomas-Bellevue Bancorp, f o r approval t o acquire 100 (less d i r e c t o r s ' q u a l i f y i n g Bel levue Bank, Fort Thomas, Atlanta Andrew Johnson Bancshares, I n c . , Greenville, Tennessee, f o r approval to acquire at least 81.9 percent of the voting shares of Andrew Johnson Bank, Greenville, Tennessee. 1/ T7 I n c . , Fort Thomas, Kentucky, percent of the voting shares shares) of The Fort ThomasKentucky. JJ Application processed on behalf of the Board of Governors under delegated authority. I H.2, 1982 No. 19 - 9 ACTIONS OF THE BOARD-Continued Atlanta Basin Bancorp, I n c . , Ducktown, Tennessee, f o r approval to acquire at least 80 percent of the voting shares of Ducktown Banking Company, Ducktown, Tennessee. J / Atlanta F i r s t Newton Corporation, Newton, Mississippi, for approval to acquire at least 80 percent of the voting shares of F i r s t National Bank of Newton, Newton, Mississippi. J / Atlanta Florida Westcoast Banks, I n c . , Venice, F l o r i d a , f o r approval to acquire 100 percent of the voting shares of F i r s t National Bank of Venice, Venice, Florida. \J Atlanta Guaranty Bancshares, I n c . , Lafayette, Louisiana, for approval to acquire at least 80 percent of the voting shares of Guaranty Bank and Trust Company, Lafayette, Louisiana. J / Atlanta Pinellas Bancshares Corporation, St. Petersburg, Florida, for approval to acquire at least 80 percent of the voting shares of United Bank of Pinellas, St. Petersburg, F l o r i d a . J / Atlanta United Hamblen, I n c . , Morristown, Tennessee, f o r approval to acquire at least 80 percent of the voting shares of Bank of Commerce, Morristown, Tennessee. J / Chicago BREMEN BANCORP,^INC.* Tinley Park, I l l i n o i s , for approval to acquire 100 percent of the voting shares of the successor by merger t o Bremen Bank and Trust Company, Tinley Park, I I l i n o i s . JV Chicago CAMDEN FINANCIAL CORPORATION, Camden, Indiana, f o r approval to acquire at least 80 percent of the voting shares of The Camden State Bank, Camden, Indiana. J / Chicago Edens Bancshares, I n c . , Wilmette, I l l i n o i s , for approval to acquire 100 percent of the voting shares (less d i rectors' q u a l i f y i n g shares) of the successor by merger to Edens Plaza State Bank, Wilmette, I l l i n o i s . J / Chicago English Valley Bancshares, I n c . , North English, Iowa, for approval to acquire at least 80 percent of the voting shares of Farmers Savings Bank, North English, Iowa. 1/ T7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 19 - 10 - ACTIONS OF THE BOARD-Continued Chicago Lisle Bancorporation, L i s l e , I l l i n o i s , for approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares of the successor by merger to Bank of L i s l e , L i s l e , IIlinois. \ j St. Louis Metropolitan Bancshares, I n c . , Munford, Tennessee, for approval to acquire at least 80 percent of the voting shares of the Munford Union Bank, Munford, Tennessee. 1/ Minneapolis F i r s t Bank Holding Company, I n c . , Harvey, North Dakota, for approval to acquire at least 80 percent of the voting shares of The National Bank of Harvey, Harvey, North Dakota. \J Minneapolis Springfield State Bancorporation, I n c . , S p r i n g f i e l d , Minnesta, for approval to acquire at least 91.1. percent of the voting shares of State Bank of S p r i n g f i e l d , S p r i n g f i e l d , Minnesota. 1/ Kansas City Beverly Bankshares, I n c . , Beverly, Kansas, for approval to acquire at least 97 percent of the voting shares of Beverly State Bank, Beverly, Kansas. \ j Kansas City CNB Financial Corporation, Kansas C i t y , Kansas, for approval to acquire 100 percent of the voting shares of the successor by merger to Commercial National Bank, Kansas C i t y , Kansas. \ ] Kansas City Madison Bancorp., I n c . , Madison, Kansas, for approval to acquire at least 80 percent of the voting shares of Madison Bank, Madison, Kansas. \J Kansas City Nebraska F i r s t Security Corporation, Lincoln, Nebraska, for approval to acquire 100 percent of the voting shares of F i r s t Security National Bank, Lincoln, Nebraska, a proposed new bank. \ j San Francisco North County Bancorp, Escondido, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of North County Bank, Escondido, C a l i f o r n i a . IJ San Francisco Western Bank Holding Company, Bellevue, Washington, f o r approval to acquire 100 percent of the voting shares of F i r s t Western Bank, N.A., Bellevue, Wasington. 1/ J7 Application processed on behalf of the Board of Governors under delegated authority. H..2, 1982 No. 19 - 11 ACTIONS OF THE BOARD-Continued To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 New York Approved The Summit Bancorporation, Summit, New Jersey, for approval to acquire 100 percent of the voting shares of The Town & Country Bank, Raritan Township, New Jersey. J7 Atlanta Flagship Banks I n c . , Miami, Florida, for approval to acquire 100 percent of the voting shares of Citizens National Bank of Naples, Naples, Florida. \J Chicago F i r s t Southeast Banking Corp., Darien, Wisconsin, for approval to acquire at least 80 percent of the voting shares of Racine County National Bank, Franksville, Wisconsin. _1/ Chicago STEEL CITY BANCORPORATION, INC., Chicago, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of Thornridge State Bank, South Holland, I l l i n o i s . 1/ Minneapolis Northern Cities Bancorporation, I n c . , Anoka, Minnesota, for approval to acquire at least 80 percent or more of the voting shares of Tri-County National Bank, Forest Lake, Minnesota. i/ Dallas Caldwell Bancshares, I n c . , Caldwell, Texas, for approval to acquire at least 99 percent of the voting shares of F i r s t State Bank, Chilton, Texas. \J Dallas Mercantile Texas Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares of Farmers State Bank of Round Rock, Round Rock, Texas. 1/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Boston Atlanta 17 Approved Patriot Bancorporation, Boston, Massachusetts, for approval to merge with Commonwealth National Corporation, Boston, Massachusetts. } J Sun Banks of F l o r i d a , I n c . , Orlando, Florida, for approval to acquire 100 percent of the voting shares of Century Banks, I n c . , Fort Lauderdale, Florida and i n d i r e c t l y Century National Bank of Broward; Century National Bank of Pensacola; Century Application processed on behalf of the Board of Governors under delegated authority. i H.2, 1982 No. 19 - 12 - ACTIONS OF THE BOARP-Continued of Pensacola; Century Bank of Gulf Breeze; Century National Bank of Santa Rosa; Century Bank of Palatta; Century Bank of Lee County; Century National Bank of Pal in Beach County; Century Bank of Gainesville; Century National Bank of Brevard; Century Bank of Orange County; and Century F i r s t National Bank of Pinellas County, a l l i n Florida. * * * * * To Expand a Bank Holding Company Pursuant to Section 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956 Dallas San Francisco Atlanta Withdrawn F i r s t National Bancorp, I n c . , Shreveport, Louisiana, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s ( i n the leasing of personal and real property, including acting as agent, broker, or adviser i n leasing such property) at 400 Texas Street, Shreveport, Louisiana, serving the parishes of Caddo and Bossier, Louisiana, through a subsidiary, F i r s t Leasing Corporation of Shreveport (5/3/82) V Dismissed Central P a c i f i c Corporation, Bakersfield, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of Kern Savings and Loan Association, Bakersfield, C a l i f o r n i a . Approved Barnett Banks of F l o r i d a , I n c . , Jacksonville, Florida, for approval to acquire 100 percent of the voting shares of F i r s t State Mortgage Company, Altamonte Springs, F l o r i d a , through i t s wholly owned subsidiary, Barnett Mortgage Company, j y Atlanta Southeast Banking Corporation, Mi ami, F l o r i d a , for approval to merge Churchill Mortgage Company, Miami, F l o r i d a , into Southeast Mortgage Company, Miami, Florida. \J Atlanta Sun Banks of F l o r i d a , I n c . , Orlando, Florida, for approval to acquire 100 percent of the voting shares of C.B.I. Insurance Agency, I n c . , Fort Lauderdale, Florida and Century Computer Services, I n c . , Fort Lauderdale, Florida. 17 V Application 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 of behalf of the Board of Governors under delegated e j f h o r i t y . H.2, 1982 No. 19 - 13 ACTIONS OF THE BOARD-Continued New York New fork Delayed Citicorp, New York, New York, requests permission to expand the service area and a c t i v i t i e s of an existing office (the extension of loans to dealers for the financing of inventory (floor planning) and working capital purposes; the purchasing and servicing for i t s own account of sales finance contracts; the sale of credit related l i f e and accident and health or decreasing or level (in the case of single payment loans) term l i f e insurance by licensed agents or brokers, as required; the sale of credit related property and casualty insurance protecting real and personal property subject to a security agreement with Citicorp Acceptance Company, I n c . , to the extent permissible under applicable State insurance laws and regulations; and the servicing for any person, of loans, and other extensions of credit; the new a c t i v i t y in which the office proposes to engage de novo i s : the making of loans to individuals and businesses to finance the purchase of mobile homes, modular units or related manufactured housing, together with the real property to which such housing is or w i l l be permanently a f f i x e d , such property being used as security for the loans; the proposed service area for a l l previously approved and proposed a c t i v i t i e s , with the exception of the sale of credit related property and casualty isurance, shall be comprised of the following States: I l l i n o i s , Iowa, Minnesota and Wisconsin) at 999 Plaza Drive, Woodfield Plaza, Suite 520, Schaumberg, I l l i n o i s , through i t s subsidiary, Citicorp Acceptance Company, Inc. (5/3/82) 3/ Permitted The Chase Manhattan Corporation, New York, New York, requests permission to establish a de novo office engaging in the following a c t i v i t i e s (making or acquiring, for i t s own account and for the account of others, loans and other extensions of credit, both secured and unsecured including, but not limited to, consumer and business lines of c r e d i t , installment loans for personal, household and business purposes and Mortgage loans secured by real property; servicing loans and others extensions of c r e d i t ; s e l l i n g travelers checks at r e t a i l ; acting as insurance agent or broker for credit l i f e insurance and c r e d i t accident and health insurance directly related to such lending and servicing a c t i v i t i e s ) at University Park, 100 Howe Avenue, Sacramento, California, serving the State of C a l i f o r n i a , through i t s subsidiary. Chase Manhattan Financial Services, inc. (5/6/82) 3/ 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, 1982 No. 19 - 14 ACTIONS OF THE BOARD-Continued New York Manufacturers Hanover Corporation, New York, New York, requests permission to establish 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 f o r the account of others, d i r e c t loans, real estate equity loans, sales finance, motor vehicle loans, and other extensions of c r e d i t such as would be made by a finance company, servicing such loans and other extensions of credit for any person, and acting as an agent or broker for the sale of single and j o i n t c r e d i t l i f e insurance and accident and health insurance which is d i r e c t l y related t o such loans and extensions of c r e d i t ) at Centre Building, 10100 Linn Station Road, L o u i s v i l l e , Kentucky, serving the e n t i r e State of Kentucky, through i t s subsidiary, Finance One Mortgage of Kentucky, Inc. (5/5/82) 3/ New York Manufacturers Hanover Corporation, New York, New York, requests permission to establish 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 f o r i t s own account or f o r the account of others, d i r e c t loans, real estate equity loans, sales finance and other extensions of c r e d i t such as would be made by a finance company and acting as an agent or broker for the sale of single and j o i n t credit l i f e insurance which is d i r e c t l y related to such loans and extensions of c r e d i t ) at 4500 Holland Road, Virginia Beach, V i r g i n i a , serving Mathews, Gloucester, New Kent, Charles C i t y , James C i t y , Prince George, Surry, Southampton, I s l e of Wight, Middlesex, southern King and Queen, southern King Mil Maui, southern Northampton, southern Lancaster and northeastern Sussex Counties, including the independent c i t i e s of Chesapeake, V i r g i n i a Beach, S u f f o l k , Norfolk, Newport News, Hampton, Portsmouth, Nansemond and Princess Anne, through i t s subsidiary, Finance One Mortgage of V i r g i n i a , Inc. (5/6/82) 3/ New York Manufacturers Hanover Corporation, New York, New York, requests permission to establish 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 others, d i r e c t loans, real estate equity loans and other extensions of c r e d i t such as would be made by an i n d u s t r i a l loan company, servicing such loans and other extensions of c r e d i t for any person; and acting as an agent or broker J7 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. 19 -15ACTIONS OF THE BQARD-Continued f o r the sale of single and j o i n t credit l i f e insurance and c r e d i t accident and health insurance which is d i r e c t l y related to such loans and extensions of c r e d i t , and from which Finance One Mortgage would engage in the a c t i v i t i e s of arranging, making or acquiring f o r i t s own account or for the account of others installment sales finance cont r a c t s , real estate equity loans and other extensions of c r e d i t such as would be made by a finance company and acting as agent or broker f o r the sale of single and j o i n t l i f e insurance and credit accident and health insurance which is d i r e c t l y related to such loans and extensions of c r e d i t ) at ENI Building, 110 110th Avenue, N.E., Bellevue, Washington, serving the entire State of Washington, through i t s subsidiaries, Finance One Industrial Loan Company and Finance One Mortgage of Washington, Inc. (5/6/82) 3/ New York Schroders PLC, Schroder International Limited, and Schroder International Holdings Limited, a l l of London, England, and Schroders Incorporated, New York, New York, requests permission to establish a de novo o f f i c e engaging in the following a c t i v i t i e s (acting as an investment advisor to United States and foreign c l i e n t s with respect to t h e i r investments in o i l and gas i n t e r e s t s , and to assist in the financing of such investments) at One State Street, New York, New York, through t h e i r subsidiary, Schroder Oil Financing & Investment Company, Inc. (5/6/82) 3/ Philadelphia Philadelphia National Corporation, Philadelphia, Pennsylvania, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (com mercial loan a c t i v i t i e s , including the making of installment loans to individuals and business e n t i t i e s for business purposes secured by mortgages on real estate owned by the borrowers or t h e i r p r i n c i p a l s ) from e x i s t i n g Pennsylvania o f f i c e s i n A1lentown, Ambridge, B u t l e r , Camp H i l l , Pittsburgh, Edwardsville, Erie, Gettysburg, Greensburg, Greenville, Grove C i t y , Harrisburg, Indiana, Lancaster, Latrobe, Meadville, New Castle, Oil C i t y , Penn H i l l s , Punxsutawney, S k i l l i n g t o n , Rochester, Scranton, Hermitage, S p r i n g f i e l d , Uniontown, Vandergrift, Washington, Waynesburg, Carapolis, West Newton and York, serving the state of Pennsylvania, through i t s newly-formed i n d i r e c t subsidiary, Signal Business Loans, Inc. (5/8/82) 3/ 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 No. 19 - 16 - ACTIONS OF THE BOARD-Continued Philadelphia Philadelphia National Corporation, Philadelphia, Pennsylvania, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (the s o l i c i t a t i o n and making of loans secured by accounts receivable, inventory, machinery and equipment and/or other commercial finance c o l l a t e r a l from and t o businesses and corporations located in the State of Michigan and portions of adjacent States) at 3000 Town Center, Southfield, Michigan, serving a l l of Michigan and portions of Ohio and Indiana, through i t s subsidiary, Congress Financial Corporat i o n (a C a l i f o r n i a Corporation) (5/3/82) 3/ Kansas City Sidney National Corporation, Sidney, Nebraska, n o t i f i c a t i o n of intent t o continue t o engage in de novo a c t i v i t i e s ( i n finance leasing a c t i v i t i e s previously commenced de novo and lease a l l types of personal property including cars, airplanes, t r u c k s , o i l f i e l d equipment, and manufacturing equipment) at 1108 Tenth Avenue, Sidney, Nebraska, the geographic area to be served w i l l be the Panhandle of Nebraska, Eastern Wyoming, Northern Colorado and Northwestern Kansas, through i t s subsidi a r y , Sidney National Leasing, Inc. (5/7/82) 31/ Dallas Commerce Southwest I n c . , Dallas, Texas, 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 ((1) providing investment management aricFadvisory services to a f f i l i a t e banks and nona f f i l i a t e banks, t r u s t companies and other financial i n s t i t u t i o n s and to individuals and corporations; and (2) furnishing general economic s t a t i s t i c a l forecasting services and industry studies) at 1525 Elm Street, Suite 1200, Dallas, Texas, serving the State of Texas, through i t s subsidiary, BancTEXAS Investment Management Inc. (5/7/82) 3/ Dallas University National Bancshares of San Antonio, I n c . , San Antonio, Texas, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (underwriting c r e d i t l i f e and c r e d i t accident and health insurance) at 15750 Interstate Highway 10 West, San Antonio, Texas, serving the State of Texas, through i t s subsidiary, University National Credit L i f e Insurance Company (5/8/82) 3/ Dallas Wharton Capital Corporation, Wharton, Texas, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (the leasing of personal and real property f o r terms of one to f o r t y years) at 600 N. 2nd Street, Conroe, Texas, serving the State of Texas, through i t s subsidiary Security Capital Leasing Corporation (5/8/82) 3>/ 2? 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. 19 - 17 ACTIONS OF THE BOARP-Continued San Francisco S e a f i r s t Corporation, S e a t t l e , Washington, n o t i f i c a t i o n of intent t o engage i n de novo a c t i v i t i e s (making or acquiring loans and other extensions of c r e d i t including commercial loans secured by a borrower's inventory, accounts receivable, c a p i t a l equipment or other assets; s e r v i c i n g loans; and leasing personal property) i n Salt Lake C i t y , Utah, serving the State of Utah, through i t s s u b s i d i a r y , S e a f i r s t Commercial Corporation (5/7/82) 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 t o engage i n de novo a c t i v i t i e s (making or acquiring f o r i t s own account or f o r the account of others, asset based business loans and other commercial or i n d u s t r i a l loans and extensions of c r e d i t such as would be made by a f a c t o r i n g , rediscount or commercial finance company and engaging generally in the f a c t o r i n g business) i n A t l a n t a , Georgia and Houston, Texas, serving the United States, through i t s subsidiary, Security P a c i f i c Business Credit Inc. (5/4/82) 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 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 others, loans and extensions of c r e d i t , including making consumer installment personal loans, purchasing consumer installment sales finance c o n t r a c t s , making loans to small businesses and other extensions 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, and acting as broker or agent f o r the sale of c r e d i t l i f e , accident, and health insurance) at 1930 South Alma School Road, Suite #114-N, Mesa, Arizona, serving the State of Arizona through i t s subs i d i a r y , Security P a c i f i c Finance Corporation (5/7/82) 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 to engage in de novo a c t i v i t i e s (providing management consulting advice t o n o n a f f i l i a t e d bank and nonbank depository i n s t i t u t i o n s , i n cluding commercial banks, savings and loan associations, mutual savings 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; Bancorp Financial proposes t o engage in t h i s a c t i v i t y by the s e l l i n g of such programs as i t s T e l l e r Operations Program, Supervisory Study Program (SSP) and Evaluating Business Ventures Program (EBV) to commercial banks and other types of depository f i n a n c i a l i n s t i t u t i o n s ; Bancorp Financial w i l l also o f f e r audit consulting services which w i l l i n clude t r a i n i n g of personnel i n p o l i c i e s and procedures and the establishment of control systems and monotoring by control systems 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, 1982 No. 19 - 18 - ACTIONS OF THE BOARD-Continued of operations and credits; accounting consulting service which w i l l include development and implementation of accounting systems and control; marketing consulting services which w i l l include market identification, market development, and media u t i l i z a t i o n programs; Bancorp Financial w i l l also offer other services and products developed for i t s own use to such depository institutions as permitted under Section 225.4(a)(12) of Regulation Y) in California, Missouri and Texas, serving the States of Arizona, Arkansas, California, Colorado, Kansas, Louisiana, Mississippi, Missouri, Nebraska, Nevada, New Mexico, Oklahoma, Texas and Wyoming, through its subsidiary, U.S. Bancorp Financial, Inc. (5/7/82) 3/ 3/ 4(c)(8) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 19 - 19 APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Philadelphia Union Trust Company of Wildwood, Wildwood, New Jersey. To establish a branch o f f i c e at 24th and Dune Drive, Avalon, New Jersey. 2/ New York United Counties Trust Company, S p r i n g f i e l d , New Jersey. To establish a branch in the Science Building Lobby of Union College, 1033 Springfield Avenue, Grantford, New Jersey. 2/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Richmond Miners Exchange Bank, Coeburn, V i r g i n i a . 2/ Chicago Liberty Bank - Oakland, Troy, Michigan. 2/ Chicago Colonial Bank in Schaumburg, Schaumburg, I l l i n o i s . 2/ * * * * * Applications and Noti fi ca ti o n s for International Investments and other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended New York The Bank of Tokyo, L t d . , Tokyo, Japan: requests consent to establish Bank of Tokyo I n t e r n a t i o n a l , U.S.A., an Edge Act corporation i n Coral Gables, Florida. New York Guaranty International Finance 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 intent to acquire and hold either d i r e c t l y or i n d i r e c t l y through i t s wholly owned subsidiary, J.P. Morgan Overseas Capital Corporation, the shares of three Brazilian financial i n s t i t u t i o n s , Banco I n t e r - A t l a n t i c o de Investimento S.A., I n t e r - A t l a n t i c o D.T.V.M., S.A., and Cia. I n t e r - A t l a n t i c o Arrendamento Mercantil. 2/ Application 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, 1982 No. 19 -20APPLICATIONS RECEIVED-Continued Philadelphia Philadelphia International Bank, 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 intent to acquire 1,000,000 ordinary shares of Hastings Deering Finance & Investment Company Limited of Lidcombe, New South Wales, Australia by PNB International Finance Co.- Australia Limited. Philadelphia Philadelphia International Investment Corporation, Philadelphia, Pennsylvania: request consent to make an increased equity investment i n Concord International (Curacao) N.V. (CINA), Curacao, Netherlands A n t i l l e s in order to maintain a 20 percent ownership i n t e r e s t . Dallas Mercantile Texas Corporation, Dallas, Texas: p r i o r n o t i f i c a t i o n of i t s intent to establish a commercial finance subsidiary located in Curacao, Netherlands A n t i l l e s to be known as Mercantile Texas Overseas Finance N.V. * * * * * To Establish a U.S. Branch of an Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act New York Citibank I n t e r n a t i o n a l , Miami, Florida: requests consent to establish a de novo branch in Fort Lauderdale, Florida. * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Philadelphia BCTC Corporation, Moorestown, New Jersey, f o r approval to acquire 100 percent of the voting shares of Burlington County Trust Company, Moorestown, New Jersey. 2/ Richmond Bethesda Bancorporation, Bethesda, Maryland, for approval to acquire 100 percent of the voting shares of Bank of Bethesda, Bethesda, Maryland. 2/ Atlanta CB & T, I n c . , McMinnville, Tennessee, f o r approval to acquire 100 percent of the voting shares of City Bank and Trust Company, McMinnville, Tennessee. 2/ 2J Application 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, 1982 No. 19 - 2 1 - APPLICATIONS RECEIVEP-Continued Atlanta F i r s t State Corporation, Waynesboro, Mississippi, for approval to acquire 100 percent of the voting shares of F i r s t State Bank, Waynesboro, Mississippi. 2/ Chicago Charter Bancorporation, I n c . , Newport, Minnesota, for approval to acquire 100 percent of the voting shres of Stoughton State Bank, Stoughton, Wisconsin. 2/ Chicago McLean County Bancshares, I n c . , Bloomington, I l l i n o i s , f o r approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger to McLean County Bank, Bloomington, I l l i n o i s . 2] Chicago WESTERN INDIANA BANCORP, Covington, Indiana, for approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of the successor by merger to Bank of Western Indiana, Covington, Indiana. 2] St. Louis Gateway Capital Corporation, Hernando, Mississippi, f o r approval to acquire at least 99.3 percent of the voting shares of The Hernando Bank, Hernando, Mississippi. 2/ St. Louis Shively Bancshares Corporation, Shively, Kentucky, for approval to acquire at least 80 percent of the voting shares of Bank of St. Helens, Shively, Kentucky. 2/ St. Louis Summersville Bancshares, I n c . , Summersville, Missouri, for approval to acquire 85 percent of the voting shares of Summersville State Bank, Summersville, Missouri. 2/ Minneapolis Gale Bank Holding Company, I n c . , Galesville, Wisconsin, for approval to acquire 86 percent of the voting shares of Bank of G a l e s v i l l e , G a l e s v i l l e , Wisconsin. 2J Kansas City American I n t e r s t a t e Bancshares, I n c . , Woodward, Oklahoma, f o r approval to acquire at least 81.04 percent of the voting shares of American National Bank, Woodward, Oklahoma. 2/ Kansas City Four-D, I n c . , L i t c h f i e l d , Nebraska, for approval to acquire at least 83.3 percent of the voting shares of State Bank of L i t c h f i e l d , L i t c h f i e l d , Nebraska. 2/ Dallas Great American Bancshares, I n c . , A r l i n g t o n , Texas, for approval to acquire at least 80 percent of the voting shares of American Bank of A r l i n g t o n , A r l i n g t o n , Texas. 2J 2/ Application 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, 1982 No. 19 - 22 - ACTIONS OF THE BOARD-Continued Dal las Lometa Bancshares, I n c . , Lometa, Texas, f o r approval to acquire at least 80 percent of the voting shares of The Citizens State Bank of Lometa, Lometa, Texas. ZJ Dal las Morehouse Bancshares, I n c . , Bastrop, Louisiana, for approval to acquire at least 80 percent or more of the voting shares of Bank of Morehouse, Bastrop, Louisiana. ZJ Dal las Security Holding Company, Fredericksburg, Texas, f o r approval to acquire at least 80 percent of the voting shares of Security Financial Corporation of Fredericksburg, Fredericksburg, Texas and i n d i r e c t l y Security State Bank and Trust, Fredericksburg, Texas. 2J Dal las USBancshares of Texas, I n c . , Denton, Texas, f o r approval to acquire at least 80 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of USBank, Denton, Texas. 2J San Francisco AmBank Holding Company, Phoenix, Arizona, for approval to acquire 99.3 percent of the voting shares of American Bank, Phoenix, Arizona. ZJ San Francisco American Bancorp of Nevada, Las Vegas, Nevada, f o r approval to acquire 100 percent of the voting shares of American Bank of Commerce, Las Vegas, Nevada. 2/ San Francisco Community Bancorporation, Pullman, Washington, for approval to acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of Bank of Pullman, Pullman, Washington. ZJ San Francisco CPB, I n c . , Honolulu, Hawaii, f o r approval t o acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of Central Pacific Bank, Honolulu, Hawaii. 2/ San Francisco 1st Business Corporation, Los Angeles, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of 1st Business Bank, Los Angeles, C a l i f o r n i a . 2/ San Francisco F i r s t NorthWest Bancorporation, Seattle, Washington, for approval to acquire 100 percent of the voting shares of the successor by merger to NorthWest Bank, Seattle, Washington. 2/ San Francisco Napa Valley Bancorp, Napa, C a l i f o r n i a , for approval to acquire 100 percent of the voting shares of Napa Valley Bank, Napa, C a l i f o r n i a . 2/ 2/ Application subject to Community Reinvestment Act. The Community A f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 19 — 23 — APPLICATIONS RECEIVED-Continued San Francisco TriCo Bancshares, Chico, California, for approval to acquire 100 percent of the voting shares of Tri-Counties Bank, Chico, California. 2/ * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Cleveland Banc One Corporation, Columbus, Ohio, for approval to acquire at least 66. 2/3 percent of the voting shares of The Chardon Savings Bank Company, Chardon, Ohio. 2/ Richmond Citizens Bancorp, Riverdale, Maryland, for approval to acquire 100 percent of the voting shares of Kennedy Bank and Trust Company, Bethesda, Maryland. 2/ Atlanta First Bancgroup-Alabama, Inc., Mobile, Alabama, for approval to acquire 100 percent of the voting shares of The First National Bank of Russellville, Russellville, Alabama. 2/ St. Louis First Tennessee National Corporation, Memphis, Tennessee, for approval to acquire 100 percent (less directors' qualifying shares) of the voting shares of the successor by merger to Harpeth National Bank of Franklin, Franklin, Tennessee. 2/ St. Louis Union Planters Corporation, Memphis, Tennessee, for approval to acquire 100 percent of the voting shares of the Bank of Eagleville, Eaglevllle, Tennessee, the successor by merger to Union Planters Bank of Eagleville, Eagleville, Tennessee. 2/ Minneapolis Dacotah Bank Holding Co., Aberdeen, South Dakota, for approval to acquire 100 percent of the voting shares of Faulk County State Bank, Faulkton, South Dakota. 21 Kansas City Rifle Bank Agency, Inc., R i f l e , Colorado, for approval to acquire 100 percent of the voting shares of The First National Bank in Parachute, Parachute, Colorado, a proposed new bank. 2/ Dallas East-Tex Bancorp, I n c . , T r i n i t y , Texas, for approval to acquire 50.1 percent of the voting shares of Mont Belvieu State Bank, Mont Belvieu, Texas. 2/ J7 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. a H.2, 1982 No. 19 - 24 ACTIONS OF THE BOARD-Continued Dallas Mercantile Texas Corporation, Dallas, Texas, f o r approval to acquire 100 per cent of the voting shares of Brazosport Bank of Texas, Freeport, Texas. 2J San Francisco BSD Bancorp, I n c . , San Diego, C a l i f o r n i a , for approval to acquire at least 51 percent of the voting shares of Borrego Springs Bank, Borrego Springs, C a l i f o r n i a , a proposed new bank. 2/ San Francisco The Sumitomo Bank, Limited, Osaka, Japan, for acquire 13.734 percent of the voting shares i n d i r e c t l y 100 percent of the voting shares q u a l i f y i n g shares) of Central Pacific Bank, Hawaii. 2/ * * * * approval to of CPB, and (less d i r e c t o r s ' Honolulu, * To Expand a Bank Holding Company Pursuant to Section 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956 Boston Bank of New England Corporation, Boston, Massachusetts (formerly New England Merchants Company, Inc.) 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 (the leasing of real and personal property) at 50 Milk Street, Boston, Massachusetts serving the e n t i r e United States, through i t s subsidiary, NEMC0 Leasing Corporation (4/30/82) Boston Fleet Financial Group, I n c . , Providence, Rhode Island (formerly Industrial National Corporation) 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 (the o r i g i n a t i o n , sale and servicing of residential and commercial mortgage loans and loans secured by j u n i o r liens on residential real estate) at 175 Andover Street, Danvers, Massachusetts and 34 Wi11iard Street, Quincy, Massachusetts, serving the Commonwealth of Massachusetts, through i t s subsidiary, Mortgage Associates, Inc. (5/4/82) New York The Chase Manhattan Corporation, New York, New York, for approval to acquire, through i t s wholly-owned subsidiary, Chase Home Mortgage Corporation, a substantial portion of the assets of Suburban Coastal Corp., Wayne, New Jersey. 2/ Application 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, 1982 No. 19 -25APPLICATIONS RECEIVED-Continued New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the a c t i v i t i e s and service area of e x i s t i n g o f f i c e s (making or acquiring of d i r e c t loans, secured or unsecured, such as would be made by a finance company; and a c t i n g as agent or broker f o r the sale of c r e d i t l i f e insurance d i r e c t l y related to such lending a c t i v i t y ; previously approved a c t i v i t i e s : arranging, making or acquiring f o r i t s own account or f o r the account of others, 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, servicing such loans and other extensions of c r e d i t f o r any person, acting as an agent or broker f o r the sale of single 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 related to such loans and extensions of c r e d i t ; purchasing installment sales finance c o n t r a c t s , acting as agent or broker f o r the sale 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 health insurance which is d i r e c t l y related to such loans and extensions of c r e d i t ; the service area for a l l aforementioned previously approved and proposed a c t i v i t i e s would be expanded t o include the e n t i r e State of Pennsylvania) at Neshaminy I n t e r p l e x , Route #1 and Old Lincoln Highway, Trevose, Pennsylvania, through i t s s u b s i d i a r i e s , Finance One Consumer Discount Company, I n c . , and Finance One Mortgage of Pennsylvania, Inc. (5/4/82) New York Manufacturers Hanover Corporation, New York, New York, requests permission to 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 (making or acquiring of d i r e c t loans, secured or unsecured, such as would be made by a finance company, and acting as agent or broker f o r the sale of c r e d i t l i f e insurance d i r e c t l y related to such lending a c t i v i t y ; previously approved a c t i v i t i e s : purchasing installment sales finance c o n t r a c t s , and acting as agent or broker f o r the sale of single 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 health insurance which i s d i r e c t l y related to such loans and extensions of c r e d i t ; purchasing motor vehicle sales finance c o n t r a c t s , and acting as agent or broker f o r the sale of s i n g l e and j o i n t c r e d i t l i f e insurance; arranging, making or a c q u i r i n g f o r i t s own account or f o r the account of others, 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 i n 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 f o r any person, and acting as an agent or broker f o r the sale of single and j o i n t c r e d i t l i f e insurance which is i H.2, 1982 No. 19 -26APPLICATIONS RECEIVED-Continued d i r e c t l y related to such loans and extensions of c r e d i t ; the service area for a l l aforementioned previously approved and proposed a c t i v i t i e s would be expanded to include the entire State of Louisiana) at 3636 Sherwood Forest Boulevard, Baton Rouge, Louisiana, through i t s subsidiary, Finance One of Louisiana, Inc. (5/4/82) New York Manufacturers Hanover Corporation, New York, New York, requests permission to 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 (making or acquiring of d i r e c t loans, secured or unsecured, such as would be made by a finance company; and acting as agent or broker for the sale of c r e d i t l i f e insurance d i r e c t l y related to such lending a c t i v i t y ; previously approved a c t i v i t i e s : purchasing installment sales finance contracts, and acting as agent or broker for the sale of single c r e d i t l i f e insurance and c r e d i t accident and health insurance which is d i r e c t l y related to such loans and extensions of c r e d i t ; accident and health insurance which is d i r e c t l y related to such finance contracts, and the sale of credit l i f e insurance d i r e c t l y related to such lending a c t i v i t y ; 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, servicing such loans and other extensions of c r e d i t for any person, and acting as an agent or broker for the sale of single c r e d i t l i f e insurance which is d i r e c t l y related to such loans and extensions of c r e d i t ; the service area f o r a l l aforementioned previously approved and proposed a c t i v i t i e s would be expanded to include the e n t i r e State of Alabama) at Two East Office Building, Suite 106, 400 East Boulevard, Montgomery, Alabama, through i t s subsidiary, Finance One of Alabama, Inc. (5/4/82) New York Societe Generale, Paris, France, requests permission to est 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 (making or acquiring, for i t s own account or for the account of others, commercial loans and other extensions of c r e d i t ; and leasing personal or real property or acting as agent, broker or advisor in leasing such property and servicing such leases, subject to a l l the q u a l i f i c a t i o n s specified in 12 C.F.R. 225.4(a) (6) and (a) and ( b ) , where the leases serve as the functional equivalent of an extension of credit to the lessee of the property; the service area w i l l be comprised of the following States: Texas, Louisiana, New Mexico, Oklahoma, Colorado and Wyoming) at F i r s t International Plaza Building, 1100 Louisiana Street, Houston, Texas, through i t s subsidiary, Sogelease Corporation (5/4/82) H.2, 1982 No. 19 27 APPLICATIONS RECEIVED-Continued Philadelphia Heritage Bancorporation, Cherry H i l l , New Jersey, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring residential and commercial' f i r s t or second mortgage loans or other extensions or commitments of credit such as would be made by a mortgage banking company, purchasing such loans from correspondent mortgage bankers and other financial i n s t i t u t i o n s , servicing such loans for others and acting as sales agent for credit l i f e insurance and credit accident and health insurance on mortgage loans originated or serviced by i t ) at 1309 W. 15th Street, Piano, Texas, serving Texas, through i t s subsidiary, Heritage Mortgage Finance Company (5/4/82) Richmond 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 engage in de novo a c t i v i t i e s (credit l i f e insurance, credit accident and health insurance and credit d i s a b i l i t y insurance; mortgage redemption insurance and mortgage accident and health insurance; nonconvertible term l i f e insurance; and physical damage insurance on motor vehicles, mobile homes, motor homes, boats, t r a i l e r s and other kinds of personal property or attachments designed for use in connection therewith) at o f f i c e s of The F i r s t National Exchange Bank of V i r g i n i a located at Spring and Spruce Streets, B l u e f i e l d ; Route 720 East, B l u e f i e l d ; and Center Street, Pocahontas, V i r g i n i a ; and o f f i c e s of Dominion National Bank of Northern Virginia located at Route 7, Herndon Junctions, S t e r l i n g ; 214 East Market Street, Leesburg; and Routes 7 and 287, Puree!!vilie, V i r g i n i a , through i t s subsidiary, Dominion Bankshares Services, Inc. (5/5/82) San Francisco Seafirst Corporation, Seattle, Washington, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring loans and other extensions of credit including commercial loans secured by a borrower's inventory, accounts receivable, capital equipment or other assets; servicng loans; and leasing personal property) at 400 North Olive Street, Dallas, Texas, serving the State of Texas, through i t s subsidiary, Seafirst Commercial Corporation (5/5/82) San Francisco Security Pacific 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 intent to engage in de novo a c t i v i t i e s (financing, leasing and servicing a c t i v i t i e s with respect to personal property and equipment and real property) at 30 South Cayuga Street, W i l i i a m s v i l i e , New York, serving the State of New York, through i t s subsidiary, Security Pacific Leasing Corporation (4/29/82) 1 H.2, 1982 No. 19 - 2 8 - APPLICAT10NS RECEIVED-Continued San Francisco U.S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s (making, acquiring and servicing of loans and other extensions of c r e d i t either secured or unsecured for i t s own account or for the account of others, including the making of consumer instalment loans, purchasing consumer instalment and real estate sales finance contracts and evidences of debt and making consumer home equity loans secured by real estate, making i n d u s t r i a l loans, and acting 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, solely in connection with extensions of credit by Bancorp Financial) from 12131 E. M i f f , Unit D, Aurora, Colorado to 1776 Lincoln Building, 8th Floor, Lincoln Street, Denver, Colorado, the geographic area to be served would be the Denver SMSA, through i t s subsidiary, U.S. Bancor Financial, Inc. d/b/a Citizens Finance Company (5/3/82) San Francisco Wells Fargo & Company, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s ((1) making or acquiring real estate related loans and other extensions of credit for i t s own account or for the account of others; (2) servicing the loans and extensions of c r e d i t described in (1) above) at 572 E. Green Street, Pasadena, C a l i f o r n i a , serving the entire United States, through i t s subsidiary, Wells Fargo Realty Services, Inc. (4/28/82) * * * * * REPORTS RECEIVED None PETITIONS FOR RULEMAKING None.
@FedFRASER