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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( H . 2 , 1981 No. 19) A c t i o n s of t h e Board; A p p l i c a t i o n s and Reports Received During t h e Week Ending May 9, APPLICABLE RESERVE BANK 1981 ACTIONS OF THE BOARD I n c r e a s e in t h e b a s i c d i s c o u n t r a t e from 13 to 14 percent and an i n c r e a s e in the surcharge t h a t a p p l i e s to l a r g e , f r e q u e n t borrowers from 3 t o 4 p e r c e n t a g e p o i n t s . Annual Report to Congress on the E l e c t r o n i c Fund T r a n s f e r Act. L e t t e r s e n t to Congressman D i n g e l l , Chairman of the House Committee on Energy and Commerce e x p r e s s i n g t h e B o a r d ' s v i e w s on H.R. 2879, a b i l l to provide uniform margin r e q u i r e m e n t s to the a c q u i s i t i o n of s e c u r i t i e s of U . S . c o r p r a t i o n s by f o r e i g n persons u s i n g c r e d i t o b t a i n e d from foreign lenders. L e t t e r to C i t i c o r p , New York, New York, i n r e s p o n s e to r e q u e s t f o r p e r m i s s i o n to o f f e r a r e s t r u c t u r e d v e r s i o n of the Purchase P l u s P l a n component of the Choice c r e d i t card i s s u e d by C i t i c o r p F i n a n c i a l , I n c . , without f i l i n g an a p p l i c a t i o n . \J Commodity F u t u r e s Trading Commission, l e t t e r s r e q u e s t i n g the B o a r d ' s comments on a p p l i c a t i o n s by t h e Chicago Board of Trade and by the Commodity Exchange to be d e s i g n a t e d as c o n t r a c t markets for f u t u r e s c o n t r a c t s based on a v a r i e t y of s t o c k p r i c e i n d e x e s . New York Bank of S c o t l a n d , Edinburgh, S c o t l a n d ; F e d e r a l Reseve Bank of New York e n t e r e d i n t o an agreement t h a t the S c o t l a n d Bank would l i m i t Che d e p o s i t - t a k i n g a c t i v i t i e s of i t s i n i t i a l U . S . branch l o c a t e d in New York, N.Y. JJ Minneapolis Bancm id west C o r p o r a t i o n , S t . Paul, M i n n e s o t a , r e q u e s t i n g an e x t e n s i o n of time to J u l y 21, 1981, w i t h i n which t o consummate t h e a c q u i s i t i o n of t h e Goodhue S t a t e Bank, Goodhue, Chisago County S t a t e Bank, Center C i t y , and White Rock S t a t e Bank, White Rock, M i n n e s o t a . 1/ JV A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. H.2, 1981 No. 19 - 2 - ACTIONS OF THE BOARD-Continued New York C a r t e r e t Bancorp, I n c . , C a r t e r e t , New J e r s e y , e x t e n s i o n of time t o August 2 , 1981, w i t h i n ich to consummate t h e a c q u i s i t i o n of C a r t e r e t Bank and Trust Company, C a r t e r e t , New J e r s e y . 1/ San Fancisco C i t i z e n s Bank Purchase Company, Milwaukee, Oregon, e x t e n s i o n of time to September 2 4 , 1981, w i t h i n vfaich to b e come a bank h o l d i n g company through a c q u i s i t i o n of at l e a s t 80 percent of t h e v o t i n g s h a r e s o f C i t i z e n s Bank of Oregon, Eugene, Oregon. 1/ Atlanta Credit S h a r e s , I n c . , Hollywood, F l o r i d a , e x t e n s i o n of t i m e to August 1, 1981, w i t h i n which to become a bank h o l d i n g company through a c q u i s i t i o n of Creditbank, Miami, F l o r i d a . V San Francisco E n t e r p r i s e Bancorp, Oakland, C a l i f o r n i a , e x t e n s i o n of time t o August 21, 1981, w i t h i n vfaich to become a bank h o l d i n g ccxnpany through the a c q u i s i t i o n of F i r s t E n t e r p r i s e Bank, Oakland, C a l i f o r n i a . 1/ Dallas F i r s t C i t y B a n c o r p o r a t i o n of T e x a s , I n c . , Houston, T e x a s , e x t e n s i o n of time t o August 2 , 1981, w i t h i n which to c o n summate the a c q u i s i t i o n of C e n t r a l Park Bank, San A n t o n i o , Texas. V Kansas C i t y Jayhawk B a n c s h a r e s , I n c . , Kansas C i t y , Kansas, e x t e n s i o n of time t o June 3 0 , 1981, w i t h i n ttfiich to consummate the a c q u i s i t i o n of Lawrence B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , and t h e r e b y a c q u i r e 9 4 . 0 9 percent of Lawrence Bank & T r u s t , N . A . , Lawrence, Kansas. \J S t . Louis Landmark B a n c s h a r e s C o r p o r a t i o n , C l a y t o n , M i s s o u r i , e x t e n s i o n of time to August 1, 1981, w i t h i n which to a c q u i r e and open Landmark Bank of Sunset H i l l s , N . A . , Sunset H i l l s , M i s s o u r i , a proposed new bank. J / Atlanta Middle Georgia C o r p o r a t i o n , E l l a v i l l e , G e o r g i a , e x t e n s i o n o f time to June 30, 1981, w i t h i n which to become a bank h o l d i n g company through a c q u i s i t i o n of t h e Bank of E l l a v i l l e , E l l a v i l l e , Georgi a. _1/ Kansas C i t y Mountain F i n a n c i a l S e r v i c e s , I n c . , Denver, Colorado, e x t e n s i o n of time t o August 2 8 , 1981, w i t h i n vfaich to consummate t h e a c q u i s i t i o n of S o u t h e a s t N a t i o n a l Bank, Denver, Colorado. 1/ 1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. H.2, - 3 - 1981 No. 19 ACTIONS OF THE BOARD-Continued Richmond N a t i o n a l Bank o f Washington, Washington, D.C. , r e q u e s t i n g p e r m i s s i o n to a c c e p t commercial d r a f t s or b i l l s of exchange up t o 100 p e r c e n t of i t s c a p i t a l and s u r p l u s . 1/ San Francisco Pacwest Bancorp, Milwaukee, Oregon, September 2 4 , 1981, w i t h i n which wholly-owned s u b s i d i a r y , C i t i z e n s at l e a s t 80 p e r c e n t of the v o t i n g of Oregon, Eugene, Oregon. J7 Atlanta S o u t h e a s t Banking C o r p o r a t i o n , Miami, F l o r i d a , e x t e n s i o n of time t o J u l y 29, 1981, w i t h i n which to e s t a b l i s h a t r u s t s e r v i c e o f f i c e of S o u t h e a s t Banks T r u s t Company, N . A . , on t h e premises of The S o u t h e a s t Bank of P a s c o . _1/ Chicago United Banks of W i s c o n s i n , I n c . , Madison, W i s c o n s i n , e x t e n s i o n of time t o August 10, 1981, w i t h i n tfiich to a c q u i r e 80 p e r c e n t or more of the v o t i n g s h a r e s of Farmers & C i t i z e n s Bank, Sauk C i t y , W i s c o n s i n . J j San Francisco W i l s h i r e B a n c o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , e x t e n s i o n of time t o August 21, 1981, w i t h i n which to become a bank h o l d i n g company through a c q u i s i t i o n of the W i l s h i r e Bank, N.A. , Los A n g e l e s , C a l i f o r n i a , a proposed new bank, and w i t h i n which to open the new bank f o r b u s i n e s s . \J Boston C a r r o l l County Trust Company, Conway, New Hampshire, e x t e n s i o n of time to June 17, 1981, w i t h i n which to merge w i t h L a f a y e t t e N a t i o n a l Bank, L i t t l e t o n , New Hampshire. JJ San Francisco United C a l i f o r n i a Bank, Los A n g e l e s , time t o May 14, 1982, w i t h i n vhich the v i c i n i t y o f the i n t e r s e c t i o n of D r i v e , C i t y of R o c k l i n , C a l i f o r n i a . Cleveland A s h v i l l e Bank, A s h v i l i e , Ohio, an investment e x t e n s i o n of time t o to a c q u i r e through i t s Bank Purchase Company, s h a r e s of C i t i z e n s Bank C a l i f o r n i a , e x t e n s i o n of to e s t a b l i s h a branch i n R o c k l i n Road and Granite _!/ in bank p r e m i s e s . 1/ Chicago Chemical Bank & Trust Company, Midland, Michigan, an investment in bank p r e m i s e s . \j Chicago Commercial Trust & Savings Bank, Storm Lake, Iowa, an i n v e s t ment in bank p r e m i s e s . 1/ JJ A p p l i c a t i o n p r o c e s s e d on b e h a l f of authori ty. the Board of Governors under d e l e g a t e d H . 2 , 1981, No. 19 — 4 APPLICATIONS OF BOARD-Continued New York Long I s l a n d Trust Company, Garden C i t y , New York, an a d d i t i o n a l i n v e s t m e n t i n bank p r e m i s e s . 1J Atlanta Exchange Bank and Trust Company, Tampa, F l o r i d a , an i n v e s t ment in bank p r e m i s e s . _1/ Atlanta F i r s t N a t i o n a l Bank of Cart e r s v i l le , Cart e r s v i l le , G e o r g i a , proposed merger with FNBC I n t e r i m N a t i o n a l Bank, C a r t e r s v i l l e , G e o r g i a ; r e p o r t to the C o m p t r o l l e r of the Currency on c o m p e t i t i v e f a c t o r s . if Philadelphia N o r t h e a s t e r n Bank o f P e n n s y l v a n i a , Mount Pocono, P e n n s y l v a n i a , proposed merger with N o r t h e a s t e r n I n t e r i m Bank, Mount Pocono, P e n n s y l v a n i a ; r e p o r t to the F e d e r a l D e p o s i t I n s u r a n c e Corpor a t i o n on c o m p e t i t i v e f a c t o r s . _1/ Boston P e o p l e s N a t i o n a l Bank o f Groveton, G r o v e t o n , New Hampshire, proposed merger with and i n t o t h e B e r l i n C i t y Bank, B e r l i n , New Hampshire; r e p o r t to the F e d e r a l D e p o s i t Insurance C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . JL/ San Fanci sco Puget Sound Bank, N . A . , Tacoma, Washington, proposed merger with Puget Sound N a t i o n a l Bank, Tacoma, Washington, under the c h a r t e r of Puget Sound Bank, N . A . , and t i t l e of Puget Sound N a t i o n a l Bank; r e p o r t to t h e 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 . JL/ Atlanta S o u t h e a s t F i r s t N a t i o n a l Bank of Miami, Miami, F l o r i d a , proposed merger w i t h al 1 19 s u b s i d i a r i e s of S o u t h e a s t Banking C o r p o r a t i o n , Miami, F l o r i d a ; r e p o r t to t h e 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/ \J A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. H . 2 , 1981 No. 19 - 5 ACTION OF THE BOARD-Cont inued To Become a Member of the Federal Reserve System Pursuant t o S e c t i o n 9 o f the F e d e r a l Reserve Act San Francisco Approved V a l l e y Community Bank, M c M i n n e v i l l e , Oregon. _L/ * * * * * To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 o f t h e F e d e r a l R e s e r v e Act Cleveland Approved D o l l a r S a v i n g s and T r u s t Company, Youngs town, O h i o , t o e s t a b l i s h a branch a t 4499 Belmont A v e . , L i b e r t y Towns h i p , Trumbull County, Ohio. J7 Chicago The D e t r o i t Bank and Trust Company, D e t r o i t , Michigan, t o e s t a b l i s h a branch on t h e south s i d e o f E i g h t Mile Road a p p r o x i m a t e l y 300 f e e t West of Haggerty Road, North Towns h i p , M i c h i g a n . \J Richmond F i r s t V i r g i n i a B a n k - C o l o n i a l , Richmond, V i r g i n i a , t o e s t a b l i s h a branch a t 8044 West Broad S t r e e t , F o u n t a i n Square Shopping C e n t e r , H e n r i c o County, V i r i g n i a . JL/ Richmond Farmers & Merchants S t a t e Bank, F r e d e r i c k s b u r g , Va. , t o e s t a b l i s h a temporary check c a s h i n g f a c i l i t y a t Fort A . P . H i l l M i l i t a r y R e s e r v a t i o n , C a r o l i n e County, V i r g i n i a . \ j Cleveland A s h v i l l e Bank, A s h v i l l e , O h i o , t o e s t a b l i s h a branch at the s o u t h e a s t c o r n e r of South Walnut S t r e e t and A s h v i l l e Road, South B l o o m f i e l d , Pickaway County, O h i o . 1/ * * * * * I s s u e d I n t e n t Not to Disapprove Change of C o n t r o l Pursuant t o Change i n Bank Control Act o f 1978 Kansas C i t y Not Disapproved Blackburn B a n c s h a r e s , I n c . , Blackburn, M i s s o u r i . JL/ 17 A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under d e l e g a t e d authority. H.2, 1981 No. 19 - 6 ACTIONS OF THE BOARD-Continued Atlanta South B a n c o r p o r a t i o n , M o b i l e , Alabama. * * * * * To E s t a b l i sh a U.S. Branch of art Edge Act Corport ion Pursuant t o S e c t i o n 2 5 ( a ) of the Federal Reserve Act San Francisco Approved N a t i o n a l Rank o f A l a s k a , Anchorage, A l a s k a : grants consent to e s t a b l i s h an Edge Act C o r p o r a t i o n , NBA I n t e r n a t i o n a l Banking C o r p o r a t i o n , S e a t t l e , Washington. * * * * * To E s t a b l i s h an O v e r s e a s Branch of a Member Bank Pursuant t o S e c t i o n 25 of t h e F e d e r a l Reseve Act Cleveland Approved The F i f t h Third Bank, C i n c i n n a t i , Ohio: grants p e r m i s s i o n to e s t a b l i s h a branch in George Town, Grand Cayman, Cayman Islands. * * * * * To Form a Bank Holding Company Pursunt to S e c t i o n 3 ( a ) ( 1 ) of t h e Bank H o l d i n g Company Act of 1956 Atlanta Approved N i c e v i l l e Bankshares , N i c e v i l l e , F l o r i d a , for approval t o a c q u i r e at l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of F i r s t N a t i o n a l Bank of N i c e v i l l e , N i c e v i l l e , F l o r i d a . _!/ Atlanta P e o p l e s R a n c s h a r e s , I n c . , Pel 1 C i t y , Alabama, f o r approval to a c q u i r e s 100 percent of t h e v o t i n g s h a r e s of The P e o p l e s Bank, Pel 1 C i t y , Alabama. J7 Chicago Auburn B a n c s h a r e s , I n c . , Auburn, Iowa, for approval to a c q u i r e at l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of Auburn Savings Bank, Auburn, Iowa. 1/ \J A p p l i c a t i o n p r o c e s s e d on b e h a l f of aut h o r i t v. the Board of Governors under d e l e g a t e d I H.2, - 7 1981 No. 19 ACTIONS OF THE BOARD-Cont inued Chicago Boone Bancorp, I n c . , B e l v i d e r e , I l l i n o i s , f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the s u c c e s s o r by merger to Boone S t a t e Bank, B e l v i d e r e , I l l i n o i s . 1/ Chicago CITIZENS BANKING CORPORATION, F l i n t , Michigan, f o r approval to a c q u i r e 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 c o n s o l i d a t i o n to C i t i z e n s Commercial & S a v i n g s Bank, F l i n t , Michigan. J7 Chicago F i r s t of Huron C o r p . , Bad Axe, Michigan, f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the s u c c e s s o r by merger to the F i r s t N a t i o n a l Bank o f Bad Axe, Bad Axe, Michigan. JL/ Chicago Fox V a l l e y Bancorp, I n c . , Montgomery, I l l i n o i s , f o r approval to a c q u i r e 80 percent or more of t h e v o t i n g s h a r e s of Bank of Montgomery, Montgomery, I l l i n o i s . 1/ Chicago North C e n t r a l Bancorporat ion, Mason C i t y , Iowa, for approval to a c q u i r e at l e a s t 52 percent or more of the v o t i n g s h a r e s of North Iowa S t a t e Bank, Belmond, Iowa. If St. Louis F i n a n c i a l B a n c s h a r e s , I n c . , S t . L o u i s , M i s s o u r i , f o r approval to a c q u i r e at l e a s t 50 percent of t h e v o t i n g s h a r e s of Chippewa Bank, S t . L o u i s , M i s s o u r i and C i t i z e n s Bank of D e x t e r , D e x t e r , M i s s o u r i . _1/ St. Louis Lakeland B a n c s h a r e s , I n c . , S u n r i s e Beach, M i s s o u r i , f o r approval to a c q u i r e 8 0 . 3 percent of t h e v o t i n g s h a r e s of Lakeland S t a t e Bank, Camden County (P.O. S u n r i s e B e a c h ) , M i s s o u r i . \J S t . Louis Pike Bancorp, I n c . , P i t t s f i e l d , I l l i n o i s , f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s o f Farmers S t a t e Bank, P i t t s f i e l d , I l l i n o i s . 1/ Minneapolis Hugo Bancorporat i o n , I n c . , Hugo, Minnesota, for approval t o a c q u i r e at l e a s t 80 percent of the v o t i n g s h a r e s of F i r s t S t a t e Bank of Hugo, Hugo, Minnesota. 1/ Minneapolis Rice Lake Bancorp, I n c . , R i c e Lake, W i s c o n s i n , f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of D a i r y S t a t e Bank, R i c e Lake, W i s c o n s i n . \J A p p l i c a t i o n p r o c e s s e d on b e h a l f of authority. the Board of Governors under d e l e g a t e d a H . 2 , 1981 No. 19 ACTIONS OF THE BOARD-Continued Kansas C i t y Army N a t i o n a l Bancshares, I n c . , Fort Leavenworth, Kansas, for approval to acquire 80 percent of t h e v o t i n g s h a r e s of Army N a t i o n a l Bank of Fort Leavenworth, Fort Leavenworth , Kansas. \j Kansas C i t y E q u a l i t y Bankshares, Cheyenne, Wyoming, f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of The E q u a l i t y S t a t e Bank, Cheyenne, Wyoming. \J Kansas C i t y F o r t Cobb B a n c s h a r e s , I n c . , Fort Cobb, Oklahoma, for approval to a c q u i r e at l e a s t 80 percent of the v o t i n g s h a r e s of Washita V a l l e y Bank, Fort Cobb, Oklahoma. If Dallas Coastal Bend Bancshares, I n c . , Robs town, T e x a s , f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of S t a t e N a t i o n a l Bank of Robs town, Robs town, T e x a s . \J Dal l a s F i r s t Canadian Bancorp, I n c . , Canadian, T e x a s , for approval to a c q u i r e at l e a s t 80 percent of the v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank o f Canadian, Canadian, T e x a s . JL/ Dallas I r v i n g American Bancshares C o r p . , I r v i n g , T e x a s , f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of The American Bank, I r v i n g , T e x a s . \J Dal l a s P/B B a n c s h a r e s , I n c . , Houston, T e x a s , for approval to a c q u i r e 8 0 - 1 0 0 p e r c e n t of the v o t i n g s h a r e s of P e o p l e s Bank, Houston, T e x a s . 1/ Dallas Tomball B a n c s h a r e s , I n c . , Tombal1, T e x a s , f o r approval to acq u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s o f F i r s t Bank & T r u s t , T o m b a l l , T e x a s . JL/ San Francisco Banore B a n c s h a r e s , I n c . , Woodburn, Oregon, for approval t o a c q u i r e 100 percent of the 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 t o Bank of Oregon, Woodburn, Oregon. JJ 1/ A p p l i c a t i o n processed on b e h a l f of t h e Board of Governors under d e l e g a t e d authority. 8 H . 2 , 1981 No. 19 - 9 ACTIONS OF THE BOARD-Continued 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 Approved F i r s t South Bankcorp, Columbus, G e o r g i a , for approval t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of Farmers and Merchants Bank, P i n e Mountain, G e o r g i a . If St. Louis Schmid Brothers Investment Company, I n c . , S t . L o u i s , M i s s o u r i , for approval to a c q u i r e d i r e c t l y 2 2 . 9 percent of t h e v o t i n g s h a r e s of F i n a n c i a l B a n c s h a r e s , I n c . , S t . L o u i s , M i s s o u r i and t h e r e b y i n d i r e c t l y a c q u i r e a t l e a s t 50 percent of t h e v o t i n g s h a r e s of C i t i z e n s Bank o f D e x t e r , D e x t e r , M i s s o u r i and a d d i t i o n a l s h a r e s o f Chippewa Bank, S t . L o u i s , M i s s o u r i . 1/ Dallas East Texas B a n c s h a r e s , I n c . , T y l e r , T y l e r , T e x a s , f o r approval to a c q u i r e at l e a s t 90 percent of t h e v o t i n g s h a r e s of P e o p l e s N a t i o n a l Bank of Sulphur S p r i n g s , Sulphur S p r i n g s , T e x a s . \J Dallas United Texas F i n a n c i a l C o r p o r a t i o n , W i c h i t a F a l l s , T e x a s , for approval t o a c q u i r e at l e a s t 7 6 . 9 p e r c e n t of the v o t i n g s h a r e s o f F i r s t S t a t e Bank i n Archer C i t y , Archer C i t y , T e x a s . 1/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956 Richmond San Francisco If Approved NCNB C o r p o r a t i o n , C h a r l o t t e , North C a r o l i n a , for approval t o a c q u i r e A t l a n t i c D i s c o u n t Company, I n c . , J a c k s o n v i l l e , F l o r i d a . 1/ Utah Bancorporat i o n , S a l t Lake C i t y , Utah, f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of H o l l a d a y T h r i f t and Loan, S a l t Lake C i t y , Utah a l i c e n s e d and o p e r a t i n g loan company to be renamed I n t e m o u n t a i n T h r i f t and Loan, and to e s t a b l i s h a de novo branch of the acquired f i r m . _1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. 1 H.2, 1981 No. 19 - 10 - ACTIONS OF THE BOARD-Cont inued New York Delayed B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , both of London, England, r e q u e s t s p e r m i s s i o n to r e l o c a t e e x i s t i n g o f f i c e s e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s (making d i r e c t consumer l o a n s , i n c l u d i n g loans secured by r e a l e s t a t e , and p u r c h a s i n g of s a l e s f i n a n c e c o n t r a c t s r e p r e s e n t i n g 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 consumer f i n a n c e company, and w h o l e s a l e f i n a n c i n g ( f l o o r p l a n n i n g ) ; and a c t i n g as agent for the s a l e of r e l a t e d c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h and c r e d i t property i n s u r a n c e ) from 2 4 - 2 6 North S t r e e t , Middletown, New York to 280 Route 211 E a s t , Middietown, New York, through t h e i r subsidiary, BarelaysAmerican/Retail S e r v i c e s , Inc. (an Ohio C o r p o r a t i o n ) ; from 24-26 North S t r e e t , Middletown, New York, t o 280 Route 211 E a s t , Middletown, New York, through t h e i r s u b s i d i a r y , B a r c l a y s A m e r i c a n / F i n a n c i a l , I n c . (a New York C o r p o r a t i o n ) ( 5 / 8 / 8 1 ) 3 / Chicago United Central B a n c s h a r e s , I n c . , Des Moines, Iowa ( f o r m e r l y C e n t r a l N a t i o n a l B a n c s h a r e s , 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 in de novo a c t i v i t i e s ( p r o v i d i n g b o o k e e p i n g or data p r o c e s s i n g s e r v i c e s ; s t o r i n g and p r o c e s s ing o t h e r banking, f i n a n c i a l , o r r e l a t e d economic d a t a , such as performing p a y r o l l , a c c o u n t s r e c e i v a b l e o r p a y a b l e , 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 to the h o l d i n g company, i t s s u b s i d i a r i e s and u n r e l a t e d 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 M o i n e s , t h e g e o g r a p h i c s c o p e w i l l be t h e S t a t e of Iowa and c o n t i g u o u s s t a t e s , through a s u b s i d i a r y , Iowa United B u i l d i n g C o r p o r a t i o n , Des Moines, Iowa ( 5 / 8 / 8 1 ) 3 / Kansas C i t v F i d e l i t y o f Oklahoma, I n c . , Oklahoma C i t y , Oklahoma, 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 a c q u i r i n g f o r i t s own account or f o r the account of o t h e r s , l o a n s and o t h e r e x t e n s i o n s of c r e d i t ) a t F i d e l i t y P l a z a , Robinson at Robert S. Kerr Avenue, Oklahoma C i t y , Oklahoma, t h e g e o g r a p h i c a r e a to be s e r v e d i n c l u d e s t h e S t a t e of Oklahoma, T e x a s , Kansas, M i s s o u r i , Colorado and Arkansas ( 5 / 4 / 8 1 ) 3/ San F r a n c i sco Imperial Bancorp, I ng lewood, 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 ( a c t i n g as an accommodation party i n S t a r k e r delayed exchanges of r e a l e s t a t e ; t h e Company's a c t i v i t i e s w i l l c o n s i s t of 37 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of of Governors under d e l e g a t e d a u t h o r i t y . the Board H.2, 1981 No. 19 - 11 - ACTIONS OF THE BOARD-Cont inued e n t e r i n g i n t o delayed r e a l e s t a t e exchange agreements with owners of property w i s h i n g to exchange t h e i r prope r t y f o r o t h e r p r o p e r t y ) at 9920 S. La Cienega B o u l e v a r d , Inglewood, 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 Exchange S e r v i c e s , I n c . ( 4 / 2 1 / 8 1 ) 3/ New York New York Permitted The Chase Manhattan C o r p o r a t i o n , New York, New York, r e q u e s t s p e r m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e 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 a c count or f o r the account of o t h e r s , l o a n s and o t h e r e x t e n s i o n s of c r e d i t 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 f a m i l y 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 o t h e r e x t e n s i o n s of c r e d i t f o r any p e r s o n ; to s e l l mortgage loans in the secondary market; and t o o f f e r mortgage term l i f e i n s u r a n c e , a c c i d e n t and h e a l t h i n s u r a n c e and d i s a b i l i t y i n s u r a n c e d i r e c t l y r e l a t e d to such l e n d i n g and s e r v i c i n g a c t i v i t i e s ) from 101 Wymore Road, A It amonte S p r i n g s , F l o r i d a to a new l o c a t i o n at a b u i l d i n g c u r r e n t l y under c o n s t r u c t i o n at M i l l s and L i v i n g s ton S t r e e t s , Orlando, F l o r i d a , through i t s s u b s i d i a r y , Housing Investment C o r p o r a t i o n of F l o r i d a ( 5 / 3 / 8 1 ) 3 / C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand the s e r v i c e a r e a of an e x i s t i n g o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t , s e c u r e d or u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; the e x t e n s i o n o f l o a n s to d e a l e r s f o r the f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; 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 d e c r e a s i n g or l e v e l ( i n the case of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , a s r e q u i r e d ; the s a l e of c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y s u b j e c t to a s e c u r i t y agreement w i t h C i t i c o r p P e r s o n - t o - P e r s o n Mortgage C o r p o r a t i o n , to the e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e insurance laws and r e g u l a t i o n s ; t h e making o f 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 f i n a n c e the purchase of m o b i l e homes, modular u n i t s or r e l a t e d manufactured h o u s i n g , t o g e t h e r with the r e a l p r o p e r t y to which such housing i s or w i l l be permanently a f f i x e d , such p r o p e r t y b e i n g used as s e c u r i t y for the l o a n s ; and t h e s e r v i c i n g , f o r any person, o f l o a n s and o t h e r e x t e n s i o n s o f c r e d i t ; the proposed expanded s e r v i c e area of t h e 3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y . H.2, 1981 No. 19 - 12 ACTIONS OF THE BOARD-Cont inued o f f i c e would be comprised of the e n t i r e S t a t e of Nevada f o r a l l of the a f o r e m e n t i o n e d a c t i v i t i e s except t h a t t h i s a p p l i c a t i o n would not expand t h e s e r v i c e area f o r the s a l e of c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e ; c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h insurance may be u n d e r w r i t t e n by Family Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e o f C i t i c o r p P e r s o n - t o - P e r s o n Mortgage C o r p o r a t i o n ) at A l e x a n d e r Dawson B u i l d i n g , 4045 South S p e n c e r , S u i t e A62, Las V e g a s , Nevada, through i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n Mortgage Corporation (Domestic) ( 5 / 3 / 8 1 ) 3/ New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand 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 e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s ( t h e 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 f i n a n c e c o n t r a c t s ; the e x t e n s i o n of l o a n s to d e a l e r s f o r the f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n the c a s e of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , a s r e q u i r e d ; and t h e s e r v i c i n g , for any person; o f l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; t h e p r e v i o u s l y approved s e r v i c e a r e a of the o f f i c e , comprised of the e n t i r e S t a t e of Oklahoma, would be expanded t o i n c l u d e the e n t i r e S t a t e of Arkansas; c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r a n c e may be w r i t t e n by Family Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e of Citicorp Person-to-Person Financial Center, I n c . ) a t 5801 East 4 1 s t S t r e e t , T u l s a , Oklahoma, through i t s s u b s i d i a r y , Citicorp Person-to-Person Financial Center, Inc. (Delaware) ( 5 / 3 / 8 1 ) 3/ New York F i d e l i t y Union Bancorporat i o n , Newark, New J e r s e y , r e q u e s t s p e r m i s s i o n to expand the a c t i v i t i e s of e x i s t i n g o f f i c e s to engage i n t h e f o l l o w i n g a c t i v i t y (making second mortgage l o a n s ) a t 1505 Market S t r e e t , Box # 2 3 , Camp H i l l ; 3820 Walnut S t r e e t , East H a r r i s b u r g ; S t o r e # 6 , T. Nowell Wood P l a z a , Ityoming Avenue, Box # 1 0 2 4 , K i n g s t o n ; 790 New Holland Avenue, P.O. Box 9 0 1 , L a n c a s t e r ; 317 W. Main S t r e e t , P.O. Box 4 6 3 , L a n s d a l e ; Lebanon V a l l e y M a l l , 22nd & Cumberland S t r e e t , P.O. Box 6 2 8 , Lebanon; 5528 New F a l l s Road, P.O. Box 396, L e v i t t o w n ; 605 P e n n s y l v a n i a Avenue, Matamoras; 108 North Centre S t r e e t , Z a v a l a r e s B u i l d i n g , P o t t s v i l l e ; 1010 L a n c a s t e r Avenue, Reading; 222 Adams 3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of of Governors under d e l e g a t e d a u t h o r i t y . the Board H. 2, 1981 No. 19 - 1 3 ACTIONS OF THE BOARD-Continued Avenue, Box #762, S c r a n t o n ; Routes # 1 1 , #15, P . O . Box 178, Shamokin Dam; 616 B a l t i m o r e P i k e , P.O. Box 2 4 8 , S p r i n g f i e l d ; 405 Main S t r e e t , Towanda; 2131 Mac Arthur Road, P . O . Box 266, W h i t e h a l l and 83 O u t l e t M a l l , 2138 South Queen S t r e e t , P.O. Box 2002, York, a l l l o c a t e d i n P e n n s y l v a n i a , through i t s s u b s i d i a r y , S e n t y Consumer D i s c o u n t Company ( 5 / 2 / 8 1 ) 3 / New York Manufacturers Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e e n g a g i n g in t h e 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 , f o r i t s own a c count 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 such as would be made by a commercial mortgage company and s e r v i c i n g any such l o a n s and other e x t e n s i o n s of c r e d i t f o r any person) at 5660 Syracuse C i r c l e , Denver, C o l o r a d o , through i t s s u b s i d i a r y , Manufacturers Hanover Mortgage C o r p o r a t i o n ( 5 / 3 / 8 1 ) 3/ New York United Bank C o r p o r a t i o n of New York, Albany, New York, for approval to u n d e r w r i t e as r e i n s u r e r , through i t s s u b s i d i a r y , United R e i n s u r a n c e - L i f e Company, c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t by A p p l i c a n t ' s c r e d i t g r a n t i n g s u b s i d i a r i e s i n New York S t a t e ( 5 / 7 / 8 1 ) 3/ Cleveland P r o v i d e n t Bancorp, I n c . , C i n c i n n a t i , O h i o , n o t i f i c a t i o n of i n t e n t to engage in the f o l l o w i n g a c t i v i t y ( l e a s i n g p e r sonal and r e a l p r o p e r t y ; l e a s i n g i n d u s t r i a l t r a n s p o r t a t i o n , and o t h e r commercial equipment under f u l l p a y o u t , f i n a n c i n g type l e a s e s ; commercial r e a l e s t a t e l e a s i n g a c t i v i t i e s would a l s o be c o n d u c t e d ) a t One East Fourth S t r e e t , C i n c i n n a t i , O h i o , through i t s s u b s i d i a r y , P r o v i d e n t L e a s i n g Company (5/6/81) 2/ Richmond Union Trust Bancorp, B a l t i m o r e , Maryland, 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 i n s t a l l m e n t l o a n s to i n d i v i d u a l s f o r p e r s o n a l , f a m i l y o r h o u s e h o l d purposes; purchasing s a l e s finance c o n t r a c t s executed in c o n n e c t i o n w i t h the s a l e of p e r s o n a l , f a m i l y o r h o u s e h o l d goods or s e r v i c e s ; a c t i n g as agent in the s a l e of c r e d i t , l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d to i t s e x t e n s i o n s of c r e d i t ; a c t i n g as agent in t h e s a l e of i n s u r a n c e p r o t e c t i n g c o l l a t e r a l h e l d a g a i n s t the e x t e n s i o n s o f c r e d i t ; and making second mortgage l o a n s s e c u r e d i n whole or in part by mortgage or o t h e r l i e n s on r e a l e s t a t e ) a t 3391 N o r t h e a s t S i l v e r S p r i n g s B o u l e v a r d , O c a l a , F l o r i d a , through i t s s u b s i d i a r y , Landmark F i n a n c i a l S e r v i c e s , Inc. ( 5 / 3 / 8 1 ) 3/ 3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of of Governors under d e l e g a t e d a u t h o r i t y . the Board H.2, 1981 No. 19 14 ACTIONS OF THE BOARD-Continued Atlanta F i r s t R a i l r o a d & Banking Company o f G e o r g i a , Augusta, G e o r g 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 ( i n the s a l e of r e t a i l money o r d e r s having a f a c e v a l u e of n o t more than $ 1 , 0 0 0 to current and f u t u r e c u s t o m e r s ) through i t s 31 consumer f i n a n c e o f f i c e s i n North C a r o l i n a , South C a r o l i n a , Georgia and T e n n e s s e e , through i t s s u b s i d i a r y , CMC Group, I n c . ( 5 / 8 / 8 1 ) 3 / Chicago Morning Sun Bank C o r p . , Morning Sun, Iowa, to engage i n g e n e r a l i n s u r a n c e a c t i v i t i e s in a community o f l e s s than 5 , 0 0 0 p o p u l a t i o n , t h e g e o g r a p h i c scope to be s e r v e d i n t h e town o f Morning Sun, Iowa, and t h e surrounding rural area ( 5 / 8 / 8 1 ) 3/ Chicago S t . Joseph Agency, I n c . , South Bend, I n d i a n a , South Bend, I n d i a n a , n o t i f i c a t i o n of i n t e n t to e s t a b l i s h a de novo o f f i c e of S t . J o s e p h Mortgage C o . , I n c . , South Bend, Indiana in t h e f o l l o w i n g a c t i v i t i e s ( t o engage i n o r i g i n a t i n g , a c q u i r i n g , s e l l i n g and s e r v i c i n g mortgage l o a n s ) i n Grand Rapids, M i c h i g a n , t h e g e o g r a p h i c scope i s a 50 m i l e r a d i u s around Grand Rapids, Michigan, through i t s s u b s i d i a r y , S t . Joseph Agency, I n c . ( 4 / 2 7 / 8 1 ) 3/ Chicago S t . Joseph Agency, I n c . , South Bend, I n d i a n a , South Bend, I n d i a n a , n o t i f i c a t i o n of i n t e n t to e s t a b l i s h a de novo o f f i c e of S t . Joseph Mortgage C o . , I n c . , South Bend, Indiana in t h e f o l l o w i n g a c t i v i t i e s ( t o engage i n o r i g i n a t i n g , a c q u i r i n g , s e l l i n g and s e r v i c i n g mortgage l o a n s ) i n Kalamazoo, M i c h i g a n , t h e g e o g r a p h i c scope i s a 50 m i l e r a d i u s around Kalamazoo, Michigan, through i t s s u b s i d i a r y , S t . Joseph Agency, I n c . ( 4 / 2 7 / 8 1 ) 3 / Minneapolis F i r s t Bank S y s t e m , I n c . , M i n n e a p o l i s , Minnesota, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n the 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 o t h e r s , s e c u r e d and unsecured loans o r o t h e r e x t e n s i o n s of c r e d i t such as would be made by a commercial f i n a n c e or f a c t o r i n g company, and s e r v i c i n g loans and o t h e r e x t e n s i o n s of c r e d i t f o r any person) at 1400 F i r s t N a t i o n a l Bank B u i l d i n g , M i n n e a p o l i s , Minnesota, through FBS B u s i n e s s C r e d i t , I n c . ( 5 / 8 / 8 1 ) 3/ 3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of of Governors under d e l e g a t e d a u t h o r i t y . the Board H. 2 , 1981 No. 19 - 15 ACTIONS OF THE BOARD-Continued Minneapolis Northwest B a n c o r p o r a t i o n , M i n n e a p o l i s , Minnesota, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in t h e b u s i n e s s of a commercial f i n a n c e company, s e r v i c i n g commercial loans and l e a s i n g p e r s o n a l p r o p e r t y ) at One Denver P l a c e , 9 9 9 18th S t r e e t , D e n v e r , Colorado, and w i l l s e r v e the s t a t e s of C o l o r a d o , Nebraska, Wyoming, Kansas, Utah, T e x a s , New Mexico, Nevada and Oklahoma, through i t s s u b s i d i a r y , Banco F i n a n c i a l Corporation ( 5 / 9 / 8 1 ) 3/ Kansas C i t y Midland C a p i t a l Co.., Oklahoma C i t y , Oklahoma, 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 loans to o t h e r c o r p o r a t e e n t i t i e s , o r to make i n v e s t m e n t s in t h e debt s e c u r i t i e s of other c o r p o r a t e e n t i t i e s ) i n Oklahoma C i t y , Oklahoma s e r v i n g the S t a t e of A r i z o n a , C o l o r a d o , Oklahoma and T e x a s , through i t s s u b s i d i a r y , Midland Mortgage Co. ( 5 / 8 / 8 1 ) 3 / Dallas Southwest B a n c s h a r e s , I n c . , Houston, T e x a s , n o t i f i c a t i o n o f i n t e n t to engage in de novo a c t i v i t i e s ( a c t i n g as i n s u r ance a g e n t ) a t 2 0 t h F l o o r , Southwest Tower, 707 McKinney, Houston, T e x a s , s e r v i n g t h e S t a t e o f T e x a s , through a s u b s i d i a r y , C o n t i n e n t a l General Agency, I n c . ( 5 / 9 / 8 1 ) 3 / 3 j 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y . H.2, 1981 No. 19 - 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 F e d e r a l Reserve Act Chicago M&I M a r s h a l l & I l s l e y Bank, Milwaukee, W i s c o n s i n , t o e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y at S e n t r y Foods in the f o l l o w ing l o c a t i o n s ; 6700 West S t a t e S t r e e t , Milwaukee, Wisconsin; 10282 West N a t i o n a l Avenue, West A l l i s , W i s c o n s i n , and 2938 North Oakland A v e . , Milwaukee, W i s c o n s i n . l j S t . Louis The Callaway Bank, F u l t o n , M i s s o u r i , to e s t a b l i s h a f a c i l i t y a t 1101 U.S. Highway 54 South, F u l t o n , Callaway County, M i s s o u r i . 2/ * * * * * To Merge Pursuant t o S e c t i o n 1 8 ( c ) of t h e F e d e r a l D e p o s i t I n s u r a n c e Act Richmond United V i r g i n i a Bank, Richmond, V i r g i n i a , to merge with The F i r s t and Merchants N a t i o n a l Bank o f Radford, Radford, V i r g i n i a . 2/ * * * * * 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 raents and Other A c t i o n s Pursuant to S e c t i o n 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 ) o f the Bank Holding Company Act If 1956, as amended New York C i t i b a n k N.A. , New York, New York: r e q u e s t c o n s e n t to determine t h a t The M e r c a n t i l e Bank o f Canada, Montreal, Quebec, Canada i s no l o n g e r a C i t i b a n k " s u b s i d i a r y " , but r a t h e r a C i t i b a n k "joint venture". 27 A p p l i c a t i o n s u b j e c t to Community R e i n v e s t m e n t A c t . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H . 2 , 1981 No. 19 - 17 APPLICATIONS RECEIVED-Cont inued To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant t o S e c t i o n 25 o f t h e F e d e r a l Reserve Act Boston Bank o f B o s t o n I n t e r n a t i o n a l South, Miami, F l o r i d a : r e q u e s t s c o n s e n t to e s t a b l i s h a i n i t i a l branch i n Grand Cayman, Cayman I s l a n d s . * * * * * To O r g a n i z e , or i n v e s t i n , a C o r p o r a t i o n Doing F o r e i g n Banking and Other F o r e i g n F i n a n c i n g Pursuant t o S e c t i o n 25 or 2 5 ( a ) o f t h e F e d e r a l Reserve Act Boston I n d u s t r i a l N a t i o n a l Bank o f Rhode I s l a n d , P r o v i d e n c e Rhode I s l a n d : r e q u e s t s c o n s e n t t o ( 1 ) e s t a b l i s h a branch i n London, E n g l a n d , ( 2 ) e s t a b l i s h an investment Edge Act Corpo r a t i o n i n P r o v i d e n c e , Rhode I s l a n d to be known as I n d u s t r i a l O v e r s e a s I n v e s t m e n t s , L t d . (IOIL) and ( 3 ) a u t h o r i z e IOIL to a c q u i r e a l l the s h a r e s of Hong Kong D e p o s i t Taking Company to be known as INB ( A s i a ) 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 Holdin Company Act o f 1956 Atlanta Ashland C a p i t a l C o r p o r a t i o n , I n c . , Ashland, Alabama, f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank o f A s h l a n d , Ashland, Alabama. 2/ Atlanta C e n t r a l Bancorp, I n c . , N a s h v i l l e , T e n n e s s e e , for approval to a c q u i r e 9 3 . 1 4 p e r c e n t of the v o t i n g s h a r e s of C i t i z e n s C e n t r a l Bank, M u r f r e e s b o r o , T e n n e s s e e . 2 / Atlanta Guaranty Bancorp, Zachary, L o u i s i a n a , f o r approval to a c q u i r e at l e a s t 80 percent of t h e v o t i n g s h a r e s of Guaranty Bank & Trust Company, Zachary, L o u i s i a n a . 2J Atlanta Lafourche B a n c s h a r e s , I n c . , L a r o s e , L o u i s i a n a , for approval to a c q u i r e at l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of South Lafourche Bank & Trust Company, L a r o s e , L o u i s i a n a . 2 j 2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H.2, 1981 No. 19 - 18 - APPLICATIONS RECEIVED-Continued Chicago Metro Bancorp, I n c . , Farming t o n H i l l s , Michigan, f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the s u c c e s s o r by merger to M e t r o p o l i t a n N a t i o n a l Bank of Farmington, Farmington H i l l s , Michigan. 2_/ Chicago United Michigan C o r p o r a t i o n , F l i n t , Michigan, f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of United Michigan C o r p o r a t i o n , New C a s t l e County, D e l a w a r e . 2/ S t . Louis F i r s t Bunker H i l l B a n c s h a r e s , I n c . , Bunker H i l l , I l l i n o i s , f o r approval to a c q u i r e at l e a s t 5 1 . 2 percent of the v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank o f Bunker H i l l , Bunker H i l l , II l i n o i s . 2/ Minneapolis Walker Ban C o . , Walker, Minnesota, f o r approval to a c q u i r e at at l e a s t 8 0 . 0 5 percent of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank o f Walker, Walker, M i n n e s o t a . 27 Minneapolis Winthrop B a n c s h a r e s , I n c . , Winthrop, M i n n e s o t a , for approval to a c q u i r e at l e a s t 8 4 . 0 p e r c e n t of the v o t i n g s h a r e s of t h e Winthrop S t a t e Bank, Winthrop, M i n n e s o t a . 2/ Kansas C i t y Eaton C a p i t a l C o r p o r a t i o n , Loup C i t y , Nebraska, f o r approval to acquire a t l e a s t 80 percent of t h e v o t i n g s h a r e s of The Eaton Bank, E a t o n , Colorado. 2/ Kansas C i t y Harri s o n v i l l e B a n c s h a r e s , I n c . , H a r r i s o n v i l l e , M i s s o u r i , f o r approval to a c q u i r e at l e a s t 91 p e r c e n t of the v o t i n g s h a r e s of A l l e n Bank and Trust Company, Harri s o n v i l l e , M i s s o u r i . 2J Kansas C i t y H i l l t o p B a n c s h a r e s , I n c . , Bennington, Nebraska, f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s o f Bank of B e n n i n g t o n , B e n n i n g t o n , Nebraska. Kansas C i t y Kingman County F i n a n c i a l C o r p . , Norwich, Kansas, for approval to a c q u i r e 8 1 . 8 percent of the v o t i n g s h a r e s of The Farmers S t a t e Bank of Norwich, Kansas, Norwich, Kansas. 2/ Kansas C i t y S p r i n g f i e l d Bank Company, I n c . , S p r i n g f i e l d , Nebraska, f o r approval to a c q u i r e a t l e a s t 9 6 . 6 percent of t h e v o t i n g s h a r e s of S p r i n g f i e l d S t a t e Bank, S p r i n g f i e l d , Nebraska. 2 / Dal las C i t i z e n s S t a t e F i n a n c i a l C o r p o r a t i o n , C o r r i g a n , T e x a s , for approval to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of The C i t i z e n s S t a t e Bank, C o r r i g a n , T e x a s , C o r r i g a n , T e x a s . 2 / 2 / A p p l i c a t i o n s u b j e c t to Community R e i n v e s t m e n t A c t . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H.2, 1981 No. 19 - 1 9 APPLICATIONS RECEIVED-Cont inued San Francisco American Ban C o r p o r a t i o n , B o i s e , I d a h o , f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of American Bank of Commerce, B o i s e , I d a h o . 2/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) o f the Bank Holdin Company Act o f 1956 Chicago Community Banks, I n c . , M i d d l e t o n , W i s c o n s i n , f o r approval to a c q u i r e at l e a s t 90 percent of t h e v o t i n g s h a r e s of The American Exchange Bank of Madison, W i s c o n s i n , Madison, W i s c o n s i n . 2/ Chicago Hawkeye Bancorporat i o n , Des Moines, Iowa, f o r approval t o a c q u i r e 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 w i t h Jackson S t a t e Bank and Trust Company, Maquoketa, Iowa. 2 / Kansas C i t y Binger Agency, I n c . , B i n g e r , Oklahoma, f o r approval t o a c q u i r e a t l e a s t 5 1 . 6 percent of t h e v o t i n g s h a r e s o f Binger Community Bank, B i n g e r , Oklahoma. 2/ Kansas C i t y Cozad Eleava t o r s , I n c . , Cozad, Nebraska, for approval t o a c q u i r e 20 p e r c e n t of the non-vot ing common s t o c k o f Wilber S t a t e Company, W i l b e r , Nebraska and i n d i r e c t l y Bank o f Wilber W i l b e r , Nebraska. 2/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956 Boston New England Merchants Company, I n c . , Boston, M a s s a c h u s e t t s , f o r approval to merge w i t h T.N. B. F i n a n c i a l Corp., S p r i n g f i e l d , M a s s a c h u s e t t s and t h e r e b y i n d i r e c t l y a c q u i r e 100 percent of the v o t i n g s h a r e s of Third N a t i o n a l Bank o f Hampden County, S p r i n g f i e l d , M a s s a c h u s e t t s ; Ware Trust Company, Ware, M a s s a c h u s e t t s ; W i l l i a m s town N a t i o n a l Bank, Wil liamstown, M a s s a c h u s e t t s ; The F i r s t N a t i o n a l Bank of Athol, Athol, Massachusetts; Pioneer National Bank-Franklin, G r e e n f i e l d , M a s s a c h u s e t t s ; and P i o n e e r N a t i o n a l Bank-Hampshir Northampton, M a s s a c h u s e t t s . 2/ 2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H.2, 1981 No. 19 - 20 APPLICATIONS RECEIVED- Continued To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) o f t h e Bank Holding Company Act o f 1956 Boston I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in consumer f i n a n c e ) a t 7 North Brentwood Boulevard, Clayton, M i s s o u r i , through i t i n d i r e c t s u b s i d i a r y , Mortgage A s s o c i a t e s , I n c . ( 5 / 1 / 8 1 ) 3/ Boston I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t h e o r i g i n a t i o n and s a l e of r e s i d e n t i a l m o r t g a g e s , t h e s e r v i c i n g of r e s i d e n t i a l mortgage loans and i n s u r a n c e agency a c t i v i t i e s for the s a l e of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h insurance d i r e c t l y r e l a t e d t o an e x t e n s i o n of c r e d i t ) a t 344 South Laura, W i c h i t a , Kansas, through i t s i n d i r e c t s u b s i d i a r y , Mortgage A s s o c i a t e s , I n c . ( 5 / 1 / 8 1 ) V Boston I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t h e o r i g i n a t i o n and s a l e of r e s i d e n t i a l m o r t g a g e s , t h e s e r v i c i n g of r e s i d e n t i a l mortgage l o a n s and i n s u r a n c e agency a c t i v i t i e s f o r the s a l e of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d to an e x t e n s i o n of c r e d i t ) a t 2833 M i l t o n Avenue, J a n e s v i l l e , W i s c o n s i n , through i t s i n d i r e c t s u b s i d i a r y , Amortized M o r t g a g e s , I n c . ( 5 / 1 / 8 1 ) 3/ Boston I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t h e o r i g i n a t i o n , s a l e and s e r v i c i n g of m o b i l e home l o a n s , and i n s u r a n c e agency a c t i v i t i e s for t h e s a l e of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e s o l d i n c o n n e c t i o n with e x t e n s i o n s of c r e d i t and for the s a l e of p r o p e r t y and c a s u a l t y i n s u r a n c e o f f e r e d i n c o n n e c t i o n w i t h e x t e n s i o n s of c r e d i t ) a t 5286 South 320 West, Murray, Utah, through i t s i n d i r e c t s u b s i d i a r y , K e n s i n g t o n Mortgage and Finance Corp. ( 5 / 1 / 8 1 ) 3/ Boston I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (consumer f i n a n c e and i n s u r a n c e agency a c t i v i t i e s f o r the 3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of of Governors under d e l e g a t e d a u t h o r i t y . 1 the Board H.2, 1981 No. 19 - 2 1 - APPLICATIONS RECEIVED-Cont inued s a l e of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d to an e x t e n s i o n of c r e d i t ) a t 522 Seventh S t r e e t , R a c i n e , W i s c o n s i n , through i t i n d i r e c t s u b s i d i a r y , Mortgage A s s o c i a t e s , I n c . ( 5 / 1 / 8 1 ) 3 / Richmond The Wachovia C o r p o r a t i o n , Winston-Salem, North C a r o l i n 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 ( t h e o r i g i n a t i o n and p r o c e s s i n g of r e s i d e n t i a l , c o n s t r u c t i o n , d e v e l o p ment and income p r o p e r t y mortgage l o a n s ; t h e purchase and s a l e or placement of mortgage l o a n s ; the a d m i n i s t r a t i o n and s e r v i c i n g o f mortgage l o a n s ; t h e management and s a l e of p r o p e r t i e s acquired through f o r e c l o s u r e or t r a n s f e r s in l i e u of f o r e c l o s u r e ; and a c t i n g as agent for c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e and f o r p r o p e r t y and c a s u a l t y i n s u r a n c e 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 ) a t 400 East Main S t r e e t , E l i z a b e t h C i t y ; 1505 South York Road, G a s t o n i a ; and 139 West Walnut S t r e e t , G o l d s b o r o , North C a r o l i n a , through i t s s u b s i d i a r v , Wachovia Mortgage Company ( 5 / 7 / 8 1 ) 3/ Chicago Hawkeye B a n c o r p o r a t i o n , 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 (mortgage banking by o r i g i n a t i n g , p r o c e s s i n g , c l o s i n g , b u y i n g , s e l l i n g and s e r v i c i n g f i r s t and second mortage r e a l e s t a t e l o a n s and a c t i n g as an agent in the s a l e of insurance d i r e c t l y r e l a t e d to t h e e x t e n s i o n of c r e d i t ) t h e g e o g r a p h i c scope i n c l u d e s the S t a t e of I l l i n o i s , W i s c o n s i n , Minnesota, South Dakota, Nebraska and Kansas, through i t s s u b s i d i a r y , Hawkeye Mortgage Company ( 4 / 2 7 / 8 1 ) 3J Chicago United Michigan C o r p o r a t i o n , F l i n t , Michigan, for approval to a c q u i r e 100 p e r c e n t of United Michigan Mortgage Company, New C a s t l e County, Delaware Kansas C i t y Eaton C a p i t a l C o r p o r a t i o n , Loup C i t y , Nebraska, t o engage de novo in g e n e r a l i n s u r a n c e a c t i v i t i e s i n Eaton, Colorado Kansas C i t y Omaha N a t i o n a l C o r p o r a t i o n , Omaha, Nebraska, 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 (mortgage banking a c t i v i t i e s ) at 973 P e t e r s o n S t r e e t , W i c h i t a , Kansas, t h e geographic area to be served by t h e W i c h i t a o f f i c e i n c l u d e s the area w i t h i n a 100 m i l e r a d i u s of W i c h i t a , Kansas, e x c l u d i n g any area of t h e S t a t e of Oklahoma, through i t s s u b s i d i a r y , Real banc, I n c . ( 5 / 6 / 8 1 ) _3 / 3j 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y . H . 2 , 1981 No. 19 - 2 2 - APPLICATIONS RECEIVED-Cont inued Kansas C i t y S p r i n g f i e l d Bank Company, I n c . , S p r i n g f i e l d , N e b r a s k a , f o r approval to a c q u i r e 100 percent of t h e S p r i n g f i e l d I n s u r a n c e Agency, S p r i n g f i e l d , Nebraska Dal las N o r t h e a s t United Bancorp, I n c . , of Texas, F o r t Worth, T e x a s , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o engage in data p r o c e s s i n g for i t s s u b s i d i a r i e s and one other bank i n A r l i n g t o n , T e x a s ) at 1600 East P i o n e e r Parkway, A r l i n g t o n , Texas ( 5 / 1 / 8 1 ) 37 San Franci sco BartkAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making or a c q u i r i n g f o r i t s own account loans and o t h e r e x t e n s i o n s o f c r e d i t such as would be make or acquired by a f i n a n c e company; s e r v i c i n g such l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e i n s u r a n c e , c r e d i t - r e l a t e d a c c i d e n t and h e a l t h insurance and c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e ; such a c t i v i t i e s w i l l i n c l u d e , but not be l i m i t e d t o , making consumer i n s t a l l m e n t l o a n s , p u r c h a s i n g i n s t a l l ment s a l e s f i n a n c e 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 s m a l l b u s i n e s s e s , making loans secured by r e a l and p e r s o n a l p r o p e r t y , and o f f e r i n g c r e d i t - r e l a t e d l i f e , a c c i d e n t and h e a l t h and p r o p e r t y i n s u r a n c e d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t made or acquired by Finance Ante r i c a C o r p o r a t i o n ) a t 402 Gammon P l a c e , Madison, W i s c o n s i n , s e r v i n g the s t a t e of W i s c o n s i n , through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica C o r p o r a t i o n ( a Wisconsin Corporation) ( 5 / 7 / 8 1 ) 3/ San Francisco BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage de novo a c t i v i t i e s ( i n t h e a c t i v i t i e s o t an i n d u s t r i a l loan c o r p o r a t i o n under the Utah I n d u s t r i a l Loan Law; 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 , i s s u i n g i n v e s t m e n t c e r t i f i c a t e s and a c c e p t i n g s a v i n g s a c c o u n t s ; making consumer i n s t a l l m e n t l o a n s and o t h e r e x t e n s i o n s of c r e d i t to s m a l l b u s i n e s s e s ; making l o a n s secured by r e a l and p e r s o n a l p r o p e r t y ) a t 341 East 1300 South S t r e e t , Orem, Utah, s e r v i n g t h e S t a t e of U t a h , through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica T h r i f t C o r p o r a t i o n (a Utah C o r p o r a t i o n ) ( 5 / 8 / 8 1 ) _3/ San Franci sc o U. S. Bancorp. , P o r t l a n d , Oregon, n o t i f i c a t i o n of i n t e n t t o engage in 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 o f l o a n s and other e x t e n s i o n s o f c r e d i t , e i t h e r 3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of of Governors under d e l e g a t e d a u t h o r i t y . the Board H.2, - 2 3 - 1981 No. 19 APPLICATIONS RECEIVED-Cont inued secured or u n s e c u r e d , f o r i t s own account or f o r the account of o t h e r s , i n c l u d i n g , but not l i m i t e d t o , comm e r c i a l , r e d i s c o u n t , i n s t a l m e n t s a l e s c o n t r a c t s and o t h e r forms of r e c e i v a b l e s , and l e a s i n g of p e r s o n a l property and equipment in conformance w i t h the p r o v i s i o n s of S e c t i o n 2 2 5 . 4 ( a ) ( 1 ) and ( 3 ) , and 2 2 5 . 4 ( a ) ( 6 ) ( a ) of R e g u l a t i o n Y) a t C i t y Center Square, S u i t e 1400, 1100 Main S t r e e t , Kansas C i t y , M i s s o u r i , t h e geographic a r e a t o be served by the proposed o f f i c e i n c l u d e s the S t a t e of M i s s o u r i , Kansas and the n o r t h e a s t e r n s e c t i o n of Oklahoma, through i t s s u b s i d i a r y , U. S. Bancorp F i n a n c i a l , I n c . ( 5 / 5 / 8 1 ) 3/ * * * * * REPORTS RECEIVED Ownership S t a t e m e n t F i l e d Pursuant to S e c t i o n 13(d) o f t h e S e c u r i t i e s Exchange Act The Independent Bank and Trust Company, West Tr e n t o n , New J e r s e y ( F i l e d by Robert David Carr) The Commercial Bank, A r l i n g t o n , V i r g i n i a ( F i l e d by C. D a n i e l Clements) ( F i l e d by Paul E. Emerson) ( F i l e d by L o u i s G. F i e l d s ) * * * * * PETITIONS FOR RULEMAKING None. 3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y . I
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