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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( H . 2 , 1980 No. 4 4 ) 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 the Week Ending November 1, 1980 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Regulation of t h r e e together currency D amendments, t h e Board announced p u b l i c a t i o n r u l e s in f i n a l form amending R e g u l a t i o n D, with an amendment to the d e f i n i t i o n of Eurol i a b i l i t i e s . (Docket No. R-0331) R e g u l a t i o n Q, I n t e r e s t on D e p o s i t s , t h e Board i s s u e d an i n t e r p r e t a t i o n providing that fixed rate o b l i g a t i o n s o f bank h o l d i n g companies with c e r t a i n s p e c i f i c e d f e a t u r e s are not s u b j e c t to i n t e r e s t r a t e c e i l i n g s . (Docket No. R-0239) P o l i c y s t a t e m e n t , payments to brokers for r e s e a r c h and brokerage s e r v i c e s by t r u s t i n s t i t u t i o n s s u b j e c t to t h e Board's s u p e r v i s i o n ; the Board asked f o r comment by December 2 2 , 1980. (Docket No. R-0330) Response to r e q u e s t s t h a t the Board review i t s General C o u n s e l ' s d e n i a l of r e q u e s t for r e c o n s i d e r a t i o n a p p l i c a t i o n s f o r h a r d s h i p r e l i e f from Federal Reserve r e q u i r e ments imposed by t h e Monetary Control A c t . ' < Response to the A p p l i c a t i o n f o r Stay submitted by the S e c u r i t i e s I n d u s t r y A s s o c i a t i o n dated October 16, 1980, w i t h r e s p e c t to the Board's l e t t e r and s t a t e m e n t , dated September 26, 1980, r e g a r d i n g t h e p e t i t i o n of t h e SIA t h a t the Board p r o h i b i t Bankers Trust Company, New York, New York from s e l l i n g commercial paper of i s s u e r s not r e l a t e d t o the bank. C i t i c o r p , New York, New York, t h e Board amended i t s Order of June 10, 1980, t h a t provided for a formal h e a r i n g on the p r o p o s a l of C i t i c o r p to engage i n d a t a p r o c e s s i n g a c t i v i t i e s through a c o r p o r a t i o n to be known a s C i t i s h a r e Corporation. l H.2, 1980 No. 44 2 - ACTIONS OF THE BOARD-Continued 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 the F e d e r a l Reserve Act San Francisco Approved United C a l i f o r n i a Bank, Los A n g e l e s , C a l i f o r n i a . Branch to be e s t a b l i s h e d at the southwest c o r n e r of the Los Rob l e s Avenue and Cordova S t r e e t , Pasadena, Los A n g e l e s County, C a l i f o r n i a . 1/ & 2/ * * * * * I s s u e d I n t e n t Not to Disapprove Change of Control Pursuant to Change in Bank Control Act o f 1978 S t . Louis Not Disapproved Mingo B a n c s h a r e s , Puxico, M i s s o u r i . Kansas C i t y Community Insurance Agency, I n c . , Haxtun, Colorado. * * * * * 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 Kansas C i t y Approved C i t i z e n s S t a t e Bank and Trust Company, E l l s w o r t h , Kansas. 1/ San Francisco The P r i n e v i l l e Bank, P r i n e v i l l e , Oregon. 1/ & 2/ San Francisco Yaquina Bay Bank, Newport, Oregon. J / If 2/ & 7j 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. 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 Reinvestment O f f i c e r of t h e a p p l i c a b l e Reserve Act 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 . 3 - H . 2 , 1980 No. 44 ACTIONS OF THE BOARD-Continued A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t ments and Other A c t i o n s Pursuant to S e c t i o n s 25 and 2 5 ( a ) of the Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company Act o f 1956, as amended Bos ton New York New York Approved N o r t h e a s t Bancorp, I n c . , New Haven, C o n n e c t i c u t : grants c o n s e n t to a c q u i r e 51 p e r c e n t of the s t o c k o f U.T. F i nance L i m i t e d , Hong Kong. S i x t y Day N o t i f i c a t i o n P e r i o d Allowed t o E x p i r e Bankers Trust Company, New York, New York: no o b j e c t i o n to e s t a b l i s h an i n i t i a l branch in T a i p e i , Taiwan, Republic o f China. C i t i b a n k , N . A . , New York, New York: no o b j e c t i o n to a c q u i r e , d i r e c t l y , a d d i t i o n a l s h a r e s o f C i t i c o r p Leasing Canada L i m i t e d , B u r l i n g t o n , Canada ( L e a s i n g ) . * * * * * To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) o f the Bank Holding Company Act o f 1956 Kansas C i t y Chicago S t . Louis 1/ 2/ Returned C i t i z e n s S e c u r i t y B a n c s h a r e s , I n c . , B i x b y , Oklahoma, for approval to a c q u i r e 100 p e r c e n t ( 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 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 S e c u r i t y Bank & Trust Company, Bixby, Oklahoma. 1/ & 2/ Approved S t a t e B a n c s h a r e s , I n c . , S c h a l l e r , Iowa, for approval t o a c q u i r e a t 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 S t a t e Bank of S c h a l l e r , S c h a l l e r , Iowa. 1/ & 2 / The F i r s t S o u t h e a s t M i s s o u r i B a n c o r p o r a t i o n , I n c . , S c o t t C i t y , M i s s o u r i , for approval to a c q u i r e a t l e a s t 90 percent of the v o t i n g s h a r e s of Scot t City Bank and Trust Company, S c o t t C i t y , M i s s o u r i . 1/ & 2 / 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 o f the Board of Governors under d e l e g a t e d authority. 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 Reinvestment O f f i c e r of t h e 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, 1980 No. 44 - 4 ACTIONS OF THE BOARD-Continued Minneapolis Hopkins F i n a n c i a l C o r p o r a t i o n , M i t c h e l l , South Dakota, 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 Live Stock S t a t e Bank, M i t c h e l l , South Dakota. V &2/ Kansas C i t y Crete Investment C o r p o r a t i o n , L i n c o l n , Nebraska, f o r approval to a c q u i r e 100 percent ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the v o t i n g s h a r e s of C i t y Bank & Trust C o . , C r e t e , Nebraska ( f o r m e r l y C i t i b a n k and Trust Company of C r e t e ) . _L/ & 2/ Kansas C i t y F i r s t B e l l e v i l l e B a n c s h a r e s , I n c . , B e l l e v i l l e , Kansas, 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 F i r s t N a t i o n a l Bank in B e l l e v i l l e , B e l l e v i l l e , Kansas. 1/ & 2 / Kansas C i t y Home S t a t e B a n c o r p o r a t i o n , I n c . , Hobart, Oklahoma, 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 Home S t a t e Bank, Hobart, Oklahoma. JJ & 27 Kansas C i t y Miami N a t i o n a l Bank S h a r e s , I n c . , Miami, 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 percent of the v o t i n g s h a r e s of Miami N a t i o n a l Bank, Miami, Oklahoma. 1/ & 2_/ Kansas C i t y Moline 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 , Kansas, f o r approval to a c q u i r e 83 percent of t h e v o t i n g s h a r e s of The Exchange S t a t e Bank, Moline, Kansas. _1/ & 2] Kansas City Oketo Banc S h a r e s , I n c . , Oketo, Kansas, 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 Oketo S t a t e Bank, Oketo, Kansas. 1/ & 2 / Kansas C i t y S e c u r i t y S t a t e Holding Company o f Fort S c o t t , I n c . , Fort S c o t t , Kansas, for approval to acquire at l e a s t 80 percent of the v o t i n g s h a r e s of S e c u r i t y S t a t e Bank, Fort S c o t t , Kansas. 1/ & 2 / Kansas C i t y Southwick Bancorp, F r i e n d , Nebraska, f o r approval t o a c q u i r e 9 5 . 4 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 F i r s t N a t i o n a l Bank o f F r i e n d , F r i e n d , Nebraska. 1/ & 2 / 1/ 2/ ~~ 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. 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 Reinvestment O f f i c e r of t h e 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 . i H.2, 1980 No. 44 - 5 ACTIONS OF THE BOARD-Continued Dallas American S t a t e , Bancshares, I n c . , Broken Bow, Oklahoma, 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 American S t a t e Bank, Broken Bow, Oklahoma. 1/ & 2 / Dallas Matador B a n c s h a r e s , I n c . , Matador, T e x a s , for approval t o a c q u i r e 8 4 . 4 5 percent ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e 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 o f Matador, Matador, T e x a s . 1/ & 2/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956 Dallas Approved Commerce Southwest I n c . , D a l l a s , T e x a s , 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 Commerce Parkway Bank, N . A . , A d d i s o n , T e x a s , a proposed new bank. II & 2/ Dallas Commerce Southwest I n c . , D a l l a s , T e x a s , 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 Texoma N a t i o n a l Bank o f Sherman, Sherman, T e x a s . l_/ & 2j San Francisco Tennessee Homestead Company, Ogden, Utah, for approval t o a c q u i r e 1 . 3 6 a d d i t i o n a l s h a r e s of the v o t i n g s h a r e s of Bank of U t a h , Ogden, Utah. 1/ & 2 / * * * * * 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 Kansas C i t y 1/ 2/ 3/ Returned Kansas Bank C o r p o r a t i o n , L i b e r a l , Kansas, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o engage in l e a s ing of p e r s o n a l p r o p e r t y or to act as the a g e n t , broker or a d v i s e r i n l e a s i n g such equipment) at an o f f i c e in L i b e r a l , Kansas ( 1 0 / 3 1 / 8 0 ) 3_/ 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. 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 Reinvestment O f f i c e r of t h e 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 . 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) 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 . e H.2, 1980 No. 44 - 6 - ACTIONS OF THE BOARD-Continued New York New York Withdrawn C i t i c o r p , New York, New York, 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 ( t h e s a l e of c r e d i t prope r t y i n s u r a n c e i n c o n n e c t i o n with both i t s c r e d i t card and d i r e c t consumer l e n d i n g a c t i v i t i e s ) at 7720 York Road, Townson, Maryland, through i t s s u b s i d i a r y , C i t i c o r p F i n a n c i a l , I n c . ( 1 0 / 2 1 / 8 0 ) 3_/ Approved Algemene Maat sch a p p i j i voor N i j v e r h e i d s k r e d i e t N . V . , Antwerp, Belgium and i t s s u b s i d i a r y , Kreditbank N . V . , B r u s s e l s , Belgium, for approval to c o n t i n u e to engage in commercial f i n a n c e and l e a s i n g a c t i v i t i e s through KB B u s i n e s s C r e d i t I n c . , New York, New York. Atlanta Century Banks I n c . , Fort L a u d e r d a l e , F l o r i d a , f o r approval to o f f e r c r e d i t l i f e s e r v i c e s by C . B . I . Insurance Agency, Fort L a u d e r d a l e , F l o r i d a , through The S t a t e Bank o f Apopka, Apopka, F l o r i d a . Minneapolis J . D . Meier Agency, I n c . , L i n t o n , North Dakota, f o r approval to c o n t i n u e to engage in o p e r a t i n g a g e n e r a l i n s u r a n c e agency i n a community w i t h l e s s than 5 , 0 0 0 p o p u l a t i o n . \ j Minneapolis Jerema, I n c . , Cannon F a l l s , M i n n e s o t a , for approval to c o n t i n u e to engage in o p e r a t i n g a g e n e r a l i n s u r a n c e agency in community of l e s s than 5 , 0 0 0 p o p u l a t i o n . _1/ Minneapolis P l a z a Agency, I n c . , Waite Park, Minnesota, f o r approval to c o n t i n u e to engage in the s a l e o f g e n e r a l i n s u r a n c e i n a town of l e s s than 5 , 0 0 0 p o p u l a t i o n . 1/ Kansas C i t y Mo l i n e 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 , Kansas, for approval to engage in the s a l e of c r e d i t r e l a t e d i n s u r a n c e through the a c q u i s i t i o n o f A n i t a Hobbs Insurance Agency, Mo l i n e , Kansas. 1/ JJ 3/ 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. 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) 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 t h e Board of Governors under d e l e g a t e d a u t h o r i t y . H.2, 1980 No. 44 - 7 ACTIONS OF THE BOARD-Continued Kansas C i t y New York Republican V a l l e y Investment Company, O r l e a n s , Nebraska, f o r approval to r e t a i n the a s s e t s of Republican V a l l e y I n s u r ance Agency and t h e r e b y to c o n t i n u e to engage in g e n e r a l i n s u r a n c e agency 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 . JL/ permitted Manufacturers Hanover C o r p o r a t i o n , New York, New York, 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 ( a r r a n g i n g , making or a c q u i r i n g for i t s own account or f o r the account of o t h e r s , loans and 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 or acquired by a mortgage company; s e r v i c i n g any 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 for any person; a c t i n g as agent or b r o k e r } through CMC I n s u r a n c e Agency, I n c . , f o r the s a l e of c r e d i t l i f e i n s u r a n c e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e r e l a t i n g t o 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 ) at S u i t e 109, 6105 West S t . J o s e p h , L a n s i n g , Michigan, 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 ( 1 1 / 1 / 8 0 ) 3 / 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 loans 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 or 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 hold goods and 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 o f c r e d i t ; a c t i n g a s agent in the 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 mortgage loans secured in whole or in part by mortgage or other l i e n on r e a l e s t a t e ) a t 7060 S p r i n g Garden D r i v e , S p r i n g f i e l d , V i r g i n i 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 , I n c . ( 1 0 / 2 7 / 8 0 ) _3/ Atlanta Southern B a n c o r p o r a t i o n of Alabama, Birmingham, Alabama, 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 ( p r o v i d i n g bookkeeping or data p r o c e s s i n g s e r v i c e s f o r the i n t e r n a l o p e r a t i o n s of t h e h o l d i n g company and i t s s u b s i d i a r i e s and s t o r i n g and p r o c e s s i n g o t h e r banking, 3/ 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) 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 t h e Board of Governors under d e l e g a t e d a u t h o r i t y . H.2, 1980 No. 44 - 8 — ACTIONS OF THE BOARD-Cont inued f i n a n c i a l , o r o t h e r r e l a t e d economic d a t a such as performi n g 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 payable or b i l l i n g s e r v i c e s f o r o t h e r s ) at 305 Montgomery S t r e e t , Montgomery, Alabama, through a s u b s i d i a r y , Southern Data S e r v i c e s , Inc. (10/30/80) V Dallas 3/ M e r c a n t i l e Texas C o r p o r a t i o n , D a l l a s , 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 i n de novo a c t i v i t i e s ( t o act as an i n vestment a d v i s e r to i n d i v i d u a l s , p e n s i o n and p r o f i t s h a r i n g plans and banks) a t 1802 Main S t r e e t , through a newly formed wholly-owned s u b s i d i a r y , M e r c a n t i l e S e c u r i t i e s C o r p o r a t i o n (10/30/80) 2 / 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) 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 t h e Board of Governors under d e l e g a t e d a u t h o r i t y . H.2, 1980 No. 44 - 9 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 o f t h e F e d e r a l Reserve Act Cleveland The A s h v i l l e Bank, A s h v i l l e , O h i o . Branch to be e s t a b l i s h e d at t h e s o u t h e a s t c o r n e r of the i n t e r s e c t i o n 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, Ohio. 2] Cleveland The D o l l a r S a v i n g s and Trust Company, Youngstown, Ohio. Branch to be e s t a b l i s h e d a t 2400 Block U . S . Route 4 2 2 , Warren, Trumbull County, O h i o . 2j Cleveland The P o t t e r s Bank & Trust Company, East L i v e r p o o l , Ohio. Branch to be e s t a b l i s h e d a t 15880 S t . Rt. 170, E a s t L i v e r p o o l , Columbiana County, Ohio. 2j St. Louis The S c o t t County S t a t e Bank, S c o t t s b u r g , I n d i a n a . Branch to be e s t a b l i s h e d a t 155 West W a r d e l l , Scot t s b u r g , S c o t t County, I n d i a n a . 2/ * * * * * To Become a Member of t h e F e d e r a l Reserve System Pursuant t o S e c t i o n 9 of t h e F e d e r a l R e s e r v e Act Richmond Bank o f C a r r o l l , H i l l s v i l l e , Chicago Old Kent Bank o f Kalamazoo, Kalamazoo, Michigan. 7 j Minneapolis F i r s t C i t i z e n s Bank o f Bozeman, Bozeman, Montana. 2 / San Francisco Guardian S t a t e Bank, S a l t Lake C i t y , Utah. 2/ 2/ Virginia. A p p l i c a t i o n s u b j e c t to Community Reinvetment A c t . The Community Reinvestment 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 , 1980 No. 44 - 1 0 - APPLICATIONS RECEIVED-Cont inued To O r g a n i z e , o r 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 ) of t h e F e d e r a l Reserve Act New York European American Bank & Trust Company, New York, New York: 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 an Edge in Miami, F l o r i d a , to be named European American Bank I n t e r n a t i o n a l , Miami, F l o r i d a and t o e s t a b l i s h a branch of t h e Miami Edge i n Los A n g e l e s , C a l i f o r n i a . * * * * * To Form a Bank Holding Company Pursuant 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 Cleveland Finance Ohio Company, M a r t i n s F e r r y , Ohio, for approval t o a c q u i r e 90 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 S a v i n g s Bank Company, M a r t i n s F e r r y , Ohio. 2J Atlanta Marine N a t i o n a l B a n c o r p o r a t i o n , J a c k s o n v i l l e , F l o r i d a , f o r approval to a c q u i r e 9 2 . 6 percent of t h e v o t i n g s h a r e s of Marine N a t i o n a l Bank o f J a c k s o n v i l l e , J a c k s o n v i l l e , Florida. 2/ Atlanta Southwest S e c u r i t y , I n c . , N a t c h e z , M i s s i s s i p p i , f o r approva 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 F i r s t Natchez Bank, N a t c h e z , M i s s i s s i p p i . 2j Chicago KEYSTONE, I N C . , Rock R a p i d s , Iowa, 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 Ashton Investment Company, Rock R a p i d s , Iowa and Midwest A g r i c u l t u r a l C r e d i t C o r p o r a t i o n , Rock R a p i d s , Iowa, 100 percent of t h e v o t i n g s h a r e s of Sioux County S t a t e Bank, Orange C i t y , Iowa and t h e i n d i r e c t a c q u i s i t i o n of 9 6 . 7 5 p e r cent of t h e v o t i n g s h a r e s o f Ashton S t a t e Bank, Ashton, Iowa and 8 0 . 4 5 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 and T r u s t , Rock V a l l e y , Iowa. 2 j St. Louis Harrisburg B a n c s h a r e s , I n c . , H a r r i s b u r g , I l l i n o i s , f o r approval to a c q u i r e 8 7 . 7 3 percent of t h e v o t i n g s h a r e s of The Harrisburg N a t i o n a l Bank, H a r r i s b u r g , I l l i n o i s . 2/ 2/ The Community A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . Reinvetment O f f i c e r of t h e 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 , 1980 No. 44 - 1 1 - APPLICATIONS RECEIVED-Continued St. Louis Pike B a n c s h a r e s , I n c . , P e t e r s b u r g , I n d i a n a , f o r approval t o 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 P e t e r s b u r g , P e t e r s b u r g , I n d i a n a . 2/ Minneapolis F i r s t Breck Holding Company, B r e c k e n r i d g e , Minnesota, 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 F i r s t N a t i o n a l Bank o f B r e c k e n r i d g e , B r e c k e n r i d g e , M i n n e s o t a . 2] Minneapolis Great P l a i n s Bank C o r p o r a t i o n , Eureka, South Dakota, f o r approval to a c q u i r e a t l e a s t 98 percent of t h e v o t i n g s h a r e s of Eureka S t a t e Bank, Eureka, South Dakota. 2j Minneapolis Green Lake Bancorporat i o n , I n c . , S p i c e r , M i n n e s o t a , for approval to a c q u i r e 8 2 . 6 p e r c e n t of the v o t i n g s h a r e s of Green Lake S t a t e Bank, S p i c e r , M i n n e s o t a . 2 / Minneapolis Nimrod E n t e r p r i s e s , I n c . , F o l e y , Minnesota, f o r approval t o a c q u i r e a t l e a s t 9 4 . 2 percent of t h e v o t i n g s h a r e s of S t a t e Bank o f F o l e y , F o l e y , M i n n e s o t a . 2/ Minneapolis P i p e s tone B a n c s h a r e s , I n c . , P i p e s tone, M i n n e s o t a , for approval to a c q u i r e 8 7 . 5 7 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 P i p e s t o n e , P i p e s t o n e , M i n n e s o t a . 2/ Kansas C i t y B l y t h e d a l e B a n c s h a r e s , I n c . , B l y t h e d a l e , M i s s o u r i , 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 C i t i z e n s Bank o f B l y t h e d a l e , B l y t h e d a l e , M i s s o u r i . 2J San Francisco Guardian Bancorp, I n c . , S a l t Lake C i t y , Utah, 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 Guardian S t a t e Bank, S a l t Lake C i t y , U t a h , a proposed new bank. 2 / San Francisco G.W.B. Holding Company, N . V . , The N e t h e r l a n d s A n t i l l e s ; G.W.B. Holding Company, B . V . , The N e t h e r l a n d s ; and GWB Holding Company, D o v e r , D e l a w a r e , f o r approval to a c q u i r e 100 percent ( e x c e p t 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 t h e v o t i n g s h a r e s o f Great Western Bank & T r u s t , P h o e n i x , Arizona. 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 Reinvestment O f f i c e r of t h e 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 . I H.2, 1980 No. 44 - 12 APPLICATIONS RECEIVED-Continued To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) o f t h e Bank Holding Company Act o f 1956 Cleveland P e o p l e s Bancorp, I n c . , M a r i e t t a , O h i o , 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 F i r s t N a t i o n a l Bank o f C a l d w e l l , C a l d w e l l , O h i o . 7 j Chicago Old Kent F i n a n c i a l C o r p o r a t i o n , Grand Rapids, M i c h i g a n , f o r approval to a c q u i r e at l e a s t 100 p e r c e n t of the v o t i n g s h a r e s of Old Kent Bank of Kalamazoo, Kalamazoo, M i c h i g a n , a proposed new bank. 2/ Kansas C i t y F i r s t G u t h r i e B a n c s h a r e s , I n c . , G u t h r i e , Oklahoma, for approval to a c q u i r e 8 . 1 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 Union C o r p o r a t i o n , S t i l l w a t e r , Oklahoma. 2 / * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 5 ) o f t h e Bank H o l d i n g Company Act of 1956 Dallas Texas Commerce B a n c s h a r e s , I n c . , Houston, T e x a s , for app r o v a l 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 Banc-Southwest C o r p o r a t i o n , A m a r i l l o , T e x a s . 2J * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank H o l d i n g Company Act of 1956 Boston 2/ 3/ 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 c o n t i n u e to engage i n a c t i v i t i e s p r e v i o u s l y commenced de novo ( r e t e n t i o n o f mortgage l o a n s e x t e n d e d by Westminster P r o p e r t i e s , I n c . and s u b s e q u e n t l y t r a n s f e r r e d to I n d u s t r i a l N a t i o n a l Mortgage C o r p o r a t i o n ) from o f f i c e s i n P r o v i d e n c e , Rhode I s l a n d , through i t s subs i d i a r y , I n d u s t r i a l N a t i o n a l Mortgage Company ( 1 0 / 1 7 / 8 0 ) 3J 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 Reinvestment O f f i c e r of t h e 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 o f the comment p e r i o d . 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) 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 . H.2, 1980 No. 44 - 1 3 APPLICATIONS RECEIVED-Cont inued Chicago 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 i n de novo a c t i v i t i e s ( t o engage i n p r o v i d i n g management c o n s u l t i n g a d v i c e on an e x p l i c i t f e e and n o n c o n t i n u i n g b a s i s to n o n a f f i l i a t e d banks) t o be conducted a t the o f f i c e s of 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 M o i n e s , Iowa ( 1 0 / 2 2 / 8 0 ) 3 / Chicago Country Bank Shares C o r p . , J a n e s v i l l e , W i s c o n s i n , 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 c o n t i n u e to act as agent or broker in the s a l e of g e n e r a l i n s u r a n c e in a community o f l e s s than 5 , 0 0 0 p o p u l a t i o n ) from an o f f i c e in The M o n t e l l o S t a t e Bank, 24 West S t r e e t , Mont e l l o , W i s c o n s i n ( 1 0 / 2 1 / 8 0 ) 3J Kansas C i t y C . C . B . , I n c . , Denver, Colorado; Central Colorado Company, Denver, C o l o r a d o ; and C e n t r a l B a n c o r p o r a t i o n , I n c . , Denver, C o l o r a d o , n o t i f i c a t i o n of i n t e n t to engage i n dje novo a c t i v i t i e s ( t o engage i n i n d u s t r i a l banking a c t i v i t i e s ) through C e n t r a l I n d u s t r i a l Bank, Aurora, Colorado ( 1 0 / 3 0 / 8 0 ) 3/ Kansas C i t y F i r s t G u t h r i e B a n c s h a r e s , I n c . , G u r t h r i e , Oklahoma, f o r app r o v a l to engage i n d i r e c t l y i n c e r t a i n nonbanking a c t i v i t i e s conducted by F i r s t Union Company, a M a s s a c h u s e t t s T r u s t , F i r s t Union Insurance Agency, I n c . , F i r s t Union B u i l d i n g C o r p o r a t i o n and F i r s t Union F i n a n c i a l S e r v i c e s , I n c . , S t i l l w a t e r , Oklahoma. Kansas C i t y United M i s s o u r i 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 , 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 s a l e of 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 i n s u r a n c e , mortgage p r o t e c t i o n l i f e i n s u r a n c e , and mortgage p r o t e c t i o n d i s a b i l i t y i n s u r a n c e ) at an o f f i c e on t h e premises of United M i s s o u r i Bank o f F e r g u s o n , F e r g u s o n , M i s s o u r i , through a s u b s i d i a r y , United M i s s o u r i Mortgage Company ( 1 0 / 3 0 / 8 0 ) 3 / Dallas Mustang F i n a n c i a l C o r p o r a t i o n , Rio V i s t a , T e x a s , f o r app r o v a l to engage i n c e r t a i n i n s u r a n c e a c t i v i t i e s through Mustang L i f e Insurance Company, Rio V i s t a , T e x a s , a proposed new company. 37 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) 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 t h e Board of Governors under d e l e g a t e d a u t h o r i t y . H . 2 , 1980 No. 44 14 APPLICATIONS RECEIVED-Cont inued San Francisco S e a f i r s t C o r p o r a t i o n , S e a t t l e , Washington, 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 Arden Mortgage S e r v i c e C o r p o r a t i o n , Walnut Creek, C a l i f o r n i a . San Francisco S e c u r i t y P a c i f i c 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 , 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 (maki n g or a c q u i r i n g , for i t s own account or for the account of o t h e r s , loans and e x t e n s i o n s of c r e d i t i n c l u d i n g making consumer i n s t a l l m e n t personal l o a n s , purchasing consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans to s m a l l b u s i n e s s e s and other e x t e n s i o n s o f 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 f i n a n c e company; and a c t i n g a s broker or agent for the s a l e o f c r e d i t l i f e , h e a l t h and a c c i d e n t i n s u r a n c e ) at 125 Main S t r e e t , Hooker-Fulton B u i l d i n g , Bradford, P e n n s y l v a n i a , through i t s i n d i r e c t s u b s i d i a r y , S e c u r i t y P a c i f i c Consumer D i s count Company ( 1 0 / 2 7 / 8 0 ) 37 San Francisco U.S. Bancorp, P o r t l a n d , Oregon, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o engage i n making, a c q u i r ing and s e r v i c i n g loans i n c l u d i n g consumer and commercial l o a n s , and c r e d i t r e l a t e d i n s u r a n c e a c t i v i t i e s ) in B e l l e v u e , Washington, through a s u b s i d i a r y , U.S. C r e d i t corp I n d u s t r i a l Loan Company ( 1 0 / 2 7 / 8 0 ) 3/ San Franci sco Wells Fargo & Company, 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 ( a c t i n g as agent f o r c r e d i t p r o p e r t y , c a s u a l t y and homeowners i n s u r ance and a s s o c i a t e d l i a b i l i 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 or the p r o v i s i o n of o t h e r f i n a n c i a l s e r v i c e s ) i n S c o t t s d a l e , A r i z o n a , through i t s s u b s i d i a r y , Wells Fargo Insurance S e r v i c e s ( 1 0 / 3 1 / 8 0 ) 3/ * * * * * REPORTS RECEIVED Proxy Statement ( S p e c i a l M e e t i n g ) F i l e d Pursuant t o S e c t i o n 1 4 ( a ) of t h e S e c u r i t i e s Exchange Act The F i r s t S t a t e Bank, A b i l e n e , T e x a s . 37 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) 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 t h e Board of Governors under d e l e g a t e d a u t h o r i t y . - 15 H . 2 , 1980 No. 44 APPLICATIONS RECEIVED-Continued Ownership Report F i l e d Pursuant to S e c t i o n 13 of the S e c u r i t i e s Exchange Act The Suburban Bank, Richmond, V i r g i n i a (Amendment #1) ( F i l e d by Wilson L. H a r r i s o n ) * * * * * < PETITIONS FOR RULEMAKING None
@FedFRASER