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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1979 No. 45)
Actions of the Board; Applications and Reports
Received During the Week Ending November 10, 1979
APPLICABLE
RESERVE BANK
ACTIONS OF THE BOARD
None.
* * * * *
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
Richmond
San
Francisco
Approved
Old Colony Bank and Trust Company of Williamsburg,
Williamsburg, Virginia. Branch to be established in
the Williamsburg Shopping Center located at the intersection of Richmond Road and Monticello Avenue, Williamsburg, Virginia. 1/ & 2/
United California Bank, Los Angeles, California.
Branch to be established in the vicinity of Rocklin
Road and Granite Drive, Rocklin, Placer County,
California. 1/ & 2/
*
* * * *
To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Dallas
Approved
Alief Alamo Bank, Houston, Texas. 1/ & 2/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
2/ Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
FOR FILES
Sharon Blanckt
il
H.2, 1979 No. 45
I
- 2ACTIONS OF THE BQARD-Continued
Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and
25(a) of the Federal Reserve Act and Sections 4(c) (9)
and 4(c) (13) of the Bank Holding Company Act of 1956,
as amended
New York
Applications Approved
Manufacturers Hanover Trust Company, New York, New York:
grants permission to continue to hold the shares of
Manufacturers Hanover International Finance Corporation, New York, New York, after Edge makes an additional investment in the shares of Manufacturers Hanover
International Holdings Corporation, and after Holdings
makes an additional investment in the shares of
Manufacturers Hanover Bank Luxembourg, Luxembourg;
grants permission to amend Article Seventh of its
Articles of Association.
*
* * * *
To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Chicago
Atlanta
Chicago
Withdrawn
The Elgin National Bancorp, Inc., Elgin, Illinois, for
approval to acquire 80 per cent or more of the voting
shares of The Elgin National Bank, Elgin, Illinois. 2/
Approved
Traders Holding Company, Tullahoma, Tennessee, for approval to acquire 84 per cent or more of the voting
shares of Traders National Bank, Tullahcma, Tennessee.
1/ & 2/
National Bancorporation, Inc., Traverse City, Michigan,
for approval to acquire 100 per cent of the voting
shares (less directors1 qualifying shares) of the
successor by merger to National Bank and Trust Company
of Traverse City, Traverse City, Michigan. 1/ & 2/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
2/ Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1979 No. 45
- 3ACTIONS OF THE BQARD-Continued
St. Louis
Mid-Continent Bancshares, Inc. , Belleville, Illinois,
for approval to acquire 100 per cent of the voting
shares of the successor by merger to Belleville
National Savings Bank, Belleville, Illinois. 1/ & 2/
Minneapolis
Upper Midwest Financial Corporation, Garretson, South
Dakota, for approval to acquire 93 per cent of the
voting shares of First National Bank in Garretson,
Garretson, South Dakota. 1/ & 2/
Kansas City
Exchange Bank Corporation, Del City, Oklahoma, for approval to acquire 80 per cent or more of the voting
shares of Exchange National Bank of Del City, Del
City, Oklahoma. 1/ & 2/
Kansas City
Turon Banc Shares, Inc., Turon, Kansas, for approval to
acquire 94 per cent (less directors' qualifying)
shares of the voting shares of The Turon State Bank,
Turon, Kansas. 1/ & 2/
Dallas
Baylor Bancshares, Inc., Seymour, Texas, for approval
to acquire 100 per cent (less directors1 qualifying
shares) of the voting shares of The First National
Bank of Seymour, Seymour, Texas. 1/ & 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Cleveland
Atlanta
Approved
National City Corporation, Cleveland, Ohio, for approval
to acquire 100 per cent of the voting shares of the
successor by merger to The National City Bank of
Marion, Marion, Ohio. 2/
First Railroad and Banking Company of Georgia, Augusta,
Georgia, for approval to acquire 100 per cent of the
voting shares of the successor by merger to The Bank
of Dalton, Dalton, Georgia. 1/ & 2/
1/ Application processed on behalf of the Board of Governors under delegated
authority.
2/ Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
- 4-
H.2, 1979 No. 45
ACTIONS OF TOE BOARD-Continued
Atlanta
First Railroad and Banking Ccnpany of Georgia, Augusta,
Georgia, for approval to acquire 100 per cent of the
voting shares of the successor by merger to Commercial
Bank of Cobb County, Marietta, Georgia. 1/ & 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
4 (c) (8) of the Bank Holding Company Act of 1956
Kansas City
Kansas City
New York
Approved
First Tulsa Bancorporation, Inc., Tulsa, Oklahoma, for
permission to continue the leasing of personal property and to begin to engage de novo in the financing
of business accounts receivable and business inventories and sale of commercial, industrial and farm
equipment through retention of 100 per cent of Firstul
Leasing and Financial Company, Tulsa, Oklahoma. 1/
Turon Banc Shares, Inc., Turon, Kansas, for approval
to engage de novo as agent or broker in the sale of
credit life and credit accident and health insurance
which is directly related to extensions of credit
originated by The Turon State Bank, Turon, Kansas. 1/
Reactivated
Barclays Bank Limited and Barclays Bank International
Limited, both of London, England, notification of
intent to relocate de novo activities (making direct
installment loans to individuals and the purchase of
retail installment notes (sales finance), such as
loans made to individuals for personal, family or
household purposes, the purchase on a discounted basis
of contracts and related security agreements arising
principally from the sale by dealers of titled goods
(including automobiles, mobile homes, travel trailers
and campers, and boat and marine equipment) and household
goods (including furniture, television sets and appliances)
and related wholesale financing consisting of financing
dealers' inventories of automobiles, mobile homes and
other chattels, and at the election of borrowers from
T7 Application processed on behalf of the Board of Governors under delegated
authority.
2/ Application subject to Community Reinvestment Act. The Ccmnunity
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
H.2, 1979 No. 45
- 5ACTIONS OF THE BQARDH3ontinued
BAG and its subsidiary, sale of credit related insurance including decreasing term credit life insurance,
credit accident and health insurance, and credit property insurance designed to protect the borrower's personal property (e.g., household goods) which serve as
collateral for loans frcm BAG or its subsidiary, the
insurance sold may be underwritten or reinsured by
BAC's insurance underwriting subsidiary) frcm 500 East
Broad Street, Lake Charles, Louisiana to 3825 Ryan
Street, Lake Charles, Louisiana, through their subsidiary, BanclaysAmericanCorporation (11/8/79) 3/
New York
Barclays Bank Limited and Barclays Bank International
Limited, both of London, England, notification of
intent to engage in de novo activities ( making direct
installment loans to~Tndividuals and the purchase of
retail installment notes (sales finance), such as
loans made to individuals for personal, family or
household purposes, the purchase on a discounted basis
of contracts and related security agreements arising
principally frcm the sale by dealers of titled goods
(including automobiles, mobile hemes, travel trailers
and campers, and boat and marine equipment) and household goods (including furniture, television sets and
appliances) and related wholesale financing consisting
of financing dealers' inventories of automobiles,
mobile hones and other chattels, and at the election
of borrowers frcm BAG and its subsidiary, sale of
credit related insurance including decreasing term
credit life insurance, credit accident and health
insurance, and credit property insurance designed to
protect the borrower's personal property (e.g., household goods) which serve as collateral for loans frcm
BAG to its subsidiary, the insurance sold may be
underwritten or reinsured by BAC's insurance underwriting subsidiary) at 2016 South Elizabeth Street,
Kokcmo, Indiana; 1840 West Southern, Mesa, Arizona;
2601 West Dunlap, Phoenix, Arizona; 6125 East Broadway, Suite 142, Tucson, Arizona; 25 Harrisville Road,
Ogden, Utah; and Bel Aire Plaza, 12139 Florida Boulevard, Baton Rouge, Louisiana, through its subsidiary,
BarclaysAmerican Corporation (11/8/79) 3/
3/ 4(c)(8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2, 1979 No. 45
- 6ACTIONS OF TOE BQAED-Continued
New York
New York
Barclays Bank Limited and Barclays Bank International
Limited, both of London, England, notification of
intent to engage in de novo activities (making direct
installment loans to individuals and the purchase of
retail installment notes (sales finance), such as
loans made to individuals for personal, family or
household purposes, the purchase on a discounted basis
of contracts and related security agreements arising
principally frcm the sale by dealers of titled goods
(including automobiles, mobile hemes, travel trailers
and campers, and boat and marine equipment) and household goods (including furniture, television sets and
appliances) and related wholesale financing consisting
of financing dealers' inventories of automobiles,
mobile hemes and other chattels, and at the election
of borrowers frcm BAG and its subsidiary, sale of
credit related insurance including decreasing term
credit life insurance, credit accident and health
insurance, and credit property insurance designed to
protect the borrower's personal property (e.g., household goods) which serve as collateral for loans frcm
BAG or its subsidiary, the insurance sold may be
underwritten or reinsured by BAC's insurance underwriting
subsidiary) at 105 West Church Street, Leesville,
South Carolina and 700 Parklands North Shopping Center,
Jasper, Alabama, through its subsidiary, BarclaysAmerican/Credit , Inc. (11/8/79) 3/
Permitted
Barclays Bank Limited and Barclays Bank International
Limited, both of London, England, notification of
intent to relocate de novo activities (making direct
installment loans to individuals and the purchase of
retail installment notes (sales finance), such as
loans made to individuals for personal, family or
household purposes, the purchase on a discounted basis
of contracts and related security agreements arising
principally frcm the sale by dealers of titled goods
(including automobiles, mobile hemes, travel trailers
and campers, and boat and marine equipment) and household goods (including furniture, television sets and
appliances) and related wholesale financing consisting
of financing dealers' inventories of automobiles,
mobile hemes and other chattels, and at the election
of borrowers from BAG and its subsidiary, sale of
credit related insurance including decreasing term
3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
ACTIONS OF THE BQARD-Continued
credit life insurance, credit accident and health insurance, and credit property insurance designed to
protect the borrower's personal property (e.g., household goods) which serve as collateral for loans from
BAC or its subsidiary, the insurance sold may be
underwritten or reinsured by BAC's insurance underwriting subsidiary) from 500 East Broad Street, Lake
Charles, Louisiana to 3825 Ryan Street, Lake Charles,
Louisiana, through their subsidiary, BarclaysAmerican
Corporation (11/9/79) 3/
New York
Barclays Bank Limited and Barclays Bank International
Limited, both of London, England, notification of
intent to engage in de novo activities (making direct
installment loans to individuals and the purchase of
retail installment notes (sales finance), such as
loans made to individuals for personal, family or
household purposes, the purchase on a discounted basis
of contracts and related security agreements arising
principally fran the sale by dealers of titled goods
(including automobiles, mobile homes, travel trailers
and campers, and boat and marine equipment) and household goods (including furniture, television sets and
appliances) and related wholesale financing consisting
of financing dealers' inventories of automobiles
mobile homes and other chattels, and at the election
of borrowers from BAC and its subsidiary, sale of
credit related insurance including decreasing term
credit life insurance, credit accident and health
insurance, and credit property insurance designed to
protect the borrower's personal property (e.g., household goods) which serve as collateral for loans from
BAC or its subsidiary, the insurance sold may be
underwritten or reinsured by BAC's insurance underwriting subsidiary) at 2016 South Elizabeth Street,
Kokcmo, Indiana; 1840 West Southern, Mesa, Arizona;
2601 West Dunlap, Phoenix, Arizona; 6125 East Broadway, Suite 142, Tucson, Arizona; 25 Harrisville Road,
Ogden, Utah; and Bel Aire Plaza, 12139 Florida Boulevard,
Baton Rouge, Louisiana, through its subsidiary,
BarclaysAmericanCdrporation (11/9/79) 3/
New York
Barclays Bank Limited and Barclays Bank International
Limited, both of London, England, notification of
intent to engage in de novo activities (making direct
installment loans to individuals and the purchase of
retail installment notes (sales finance), such as
loans made to individuals for personal, family or
37 4(c)(8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
a
H.2, 1979 No. 45
- 8ACTIONS CF THE BOARD-Continued
household purposes, the purchase on a discounted basis
of contracts and related security agreements arising
principally from the sale by dealers of titled goods
(including automobiles, mobile heroes, travel trailers
and calipers, and boat and marine equipment) and household goods (including furniture, television sets and
appliances) and related wholesale financing consisting
of financing dealers1 inventories of automobiles,
mobile homes and other chattels, and at the election
of borrowers from BAG and its subsidiary, sale of
credit related insurance including decreasing term
credit life insurance, credit accident and health
insurance, and credit property insurance designed to
protect the borrower's personal property (e.g., household goods) which serve as collateral for loans from
BAG or its subsidiary, the insurance sold may be
underwritten or reinsured by BAC's insurance underwriting subsidiary) at 105 West Church Street, Leesville, South Carolina and 700 Parklands North Shopping
Center, Jasper, Alabama, through its subsidiary,
BarclaysAmerican/Credit, Inc. (11/9/79) 3/
Philadlephia
Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to engage in de novo
activities (disbursement of instruments, documents and
funds delivered in connection with, and parties to,
real estate sales and mortgage loans) at 1980 112th
Avenue, N.E., Bellevue, Washington, through a newly
formed indirect subsidiary, CMSC Escrow Company
(11/9/79) 3/
Richmond
United Virginia Bankshares Incorporated, Richmond,
Virginia, notification of intent to relocate de novo
activities (originating loans as principal or agent;
servicing loans for nonaffiliated individuals, partnerships, and corporations; servicing loans for affiliates
of the holding company; acting as agent in the sale of
insurance in connection with such loans; and such
other activities as may be incidental to the business
of a mortgage corporation) frcm 2421 Presidents Drive,
Montgomery, Alabama to Suite 310, One/East, 500 East
Boulevard, Montgomery, Alabama, through its subsidiary,
United Virginia Mortgage Corporation (11/6/79) 3/
Atlanta
Deposit Guaranty Corporation, Jackson, Mississippi, notification of intent to engage in de novo activities
(making or acquiring, for its am account or for the
account of others, loans and other extensions of credit
3/ 4(C) (8) of 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2, 1979 No. 45
- 9ACTIONS OF THE BOARD-Continued
such as would be made by a mortgage company; and of
servicing loans and other extensions of credit for any
person; and selling and participating the proceeds of
the sale of credit life (mortgage cancellation) and
credit accident and health insurance related to loans
and other extensions of credit by Deposit Guaranty
Mortgage Company) in Ocala, Florida, through a subsidiary, Deposit Guaranty Mortgage Company (11/6/79) 3/
Atlanta
First Bancgroup-Alabama, Inc., Mobile, Alabama, notification of intent to engage in de novo activities
(acting as insurance agent or broker with respect to
the following types of insurance: (1) any insurance
for the holding company's banking subsidiaries; (2)
any insurance that (a) is directly related to an
extension of credit by a bank or bank-related firm of
the kind described in Federal Reserve Regulation Y;
the types of insurance, and property damage insurance
or (b) is directly related to the provision of other
financial services by a bank or such bank-related
firm) at 2211 Highway 98, Daphne, Alabama, through a
subsidiary, FBG Insurance Agency, Inc. (11/7/79) 3/
San
Francisco
Security Pacific Corporation, Los Angeles, California,
notification of intent to engage in de novo activities
(to engage in mortgage banking and loan servicing
activities) in Fort Collins, Colorado, through its
subsidiary, Security Pacific Mortgage Corporation
(11/8/79) 3/
San
Francisco
U.S. Bancorp, Portland, Oregon, notification of intent
to engage in de novo activities (making, acquiring and
servicing loans including commercial and rediscount
loans, installment sales contracts and other forms of
receivables, and leasing personal property and equipment) at One Allen Center, Houston, Texas, through its
subsidiary, U.S. Bancorp Financial, Inc. (11/8/79) 3/
San
Francisco
U.S. Bancorp, Portland, Oregon, notification of intent
to engage in de novo activities (making, acquiring and
servicing loans including commercial and rediscount
loans, installment sales contracts and other forms of
receivables, and leasing personal property and equipment)
at 131 East Main Street, Medford., Oregon, through its
subsidiary, U.S. Bancorp Financial, Inc. (11/8/79) 3/
37 4(c)(8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2, 1979 No. 45
— 10 —
ACTIONS OF THE BQARD-Continued
Determinations Issued Pursuant to Section 2(g) (3) of
the Bank Holding Company Act
Citicorp, New York, New York, determination under
section 2(g) (3) of the Bank Holding Company Act that
Citicorp is not in fact capable directly or indirectly
of controlling the transferees of shares of Cresap,
McCormick and Paget, Inc. ("CMP"), a management
consulting firm, despite the indebtedness of the
transferees to Citicorp as a result of their purchase
of such shares and other indebtedness of CMP to
Citicorp. V
*/ Processed on behalf of the Board of Governors acting through its General
~~ Counsel pursuant to delegated authority.
i
H.2, 1979 No. 45
—
11 —
APPLICATIONS RECEIVED
To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
Richmond
Jefferson Bank of the Valley, Fishersville, Augusta
County, Virginia. Branch to be established near the
intersection of U.S. Rt. 340 and State Rt. 608,
Stuarte Draft, Augusta County, Virginia. 2/
Richmond
Jefferson Bank of the Valley, Fishersville, Augusta
County, Virginia. Branch to be established at the
intersection of Main Street and Wayne Avenue, Waynesboro,
Virginia. 2/
Chicago
Union Savings Bank of Manchester, Manchester, Michigan.
Drive-in to be established at the corner of Adrian and
Duncan Streets, Manchester, Michigan. 2/
San
Francisco
United California Bank, Los Angeles, California.
Branch to be established at the northeast corner of
the intersection of Beach Boulevard and Adams Avenue,
Huntington Beach, Orange County, California.
* * * * *
To Merge Pursuant to Section 18 (c) of the Federal
Deposit Insurance Act
Dallas
First Bank and Trust, Cleveland, Texas, to merge with
New First Bank and Trust, Cleveland, Texas. 2/
* * * * *
To Establish an Overseas, Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Cleveland
Pittsburgh International Finance Corporation, Pittsburgh,
Pennsylvania: permission to establish a branch office
to be located at 405 Park Avenue, New York, New York
and to Amend Articles First, Third and Seventh of its
Articles of Association.
27 Application subject to Community Reinvestment Act. The Ccnmmity
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
i
H.2, 1979 No. 45
-
12 -
APPLICATIONS HECEIVEEH-Continued
To Organize, or Invest in, a Corporation Doing
Foreign Banking and Other Foreign Financing Pur suant
to Section 25 or 25(a) of the Federal Reserve Act
Richmond
North Carolina National Bank, Charlotte, North Carolina:
to establish an Edge Corporation to be known as North
Carolina National Bank Overseas Corporation, Charlotte,
North Carolina.
*
* * * *
To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Atlanta
Citizens Capital Corporation, Mount Olive, Mississippi,
for approval to acquire 80 per cent or more of the
voting shares of Mount Olive Bank, Mount Olive,
Mississippi. 2/
Atlanta
Planters Bancshares, Inc., Opelousas, Louisiana, for
approval to acquire 80-100 per cent of the voting
shares (less directors' qualifying shares) of Planters
Trust and Savings Bank of Opelousas, Opelousas,
Louisiana. 2/
St. Louis
Elizabethtown Bancshares, Inc., Elizabethtown, Kentucky,
for approval to acquire 80.1 per cent of the voting
shares of Citizens Bank of Elizabethtown, Elizabethtown,
Kentucky. 2/
Minneapolis
Carthage Holding Company, Inc., Carthage, South Dakota,
for approval to acquire 93.8 per cent of the voting
shares of Farmers State Bank of Carthage, South Dakota,
Carthage, South Dakota. 2/
Minneapolis
Delano State Agency, Inc., Delano, Minnesota, for approval to acquire an additional 69.1 per cent of the
voting shares of State Bank of Delano, Delano, Minnesota.
1/
Minneapolis
Hoffman Bancshares, Inc., Hoffman, Minnesota, for approval to acquire 81.4 per cent of the voting shares
of Farmers State Bank of Hoffman, Hoffman, Minnesota.
2/
2/ Application subject to Community Reinvestment Act. Hie Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the ocnmant period.
-13-
H.2, 1979 No. 45
APPLICA3T0NS REXZEIVED-Gontinued
Dallas
Childress Bancshares, Inc., Childress, Texas, for approval to acquire 95 per cent or more of the voting
shares of First National Bank in Childress, Childress,
Texas. 2/
*
*
*
*
*
To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Chicago
Security Bancorp, Inc., Southgate, Michigan, for approval to acquire 100 per cent of the voting shares of
the successor by consolidation to Keatington State
Bank, Orion Township (P.O. Lake Orion), Michigan. 2/
Chicago
Security Bancorp, Inc., Southgate, Michigan, for approval to acquire 100 per cent of the voting shares of
the successor by consolidation to Security Bank of
Richmond, Richmond, Michigan. 2/
* * * * *
To Expand a Bank Holding Company Pursuant to Section
4(c) (8) of the Bank Holding Carpany Act of 1956
Boston
Industrial National Corporation, Providence, Rhode Island,
notification of intent to engage in de novo activities
(the origination and sale of residential mortgages and
the servicing of residential mortgage loans) at The
Orbit Building, 10111 Lincoln Trail, Fairview Heights,
Illinois, through Industrial National Corporation's
indirect subsidiary, Mortgage Associates, Inc. (11/2/79)
1/
New York
Citicorp, New York, New York, notification of intent to
engage in de novo activities (operating a credit card
business including, but not limited to, soliciting and
entering into agreements with merchant customers to
service and process bank card charges, such servicing
may include providing credit authorizations, supplies,
and data processing) at 290 Interstate North, Suite
130, Atlanta, Georgia, through its subsidiary, Citicorp
Credit Services, Inc. (11/5/79) 3/
27 Application subject to Community Reinvestment Act. The Community
Reinvestment Officer of the applicable Reserve Bank may be contacted
as to the length of the comment period.
3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
H.2, 1979 No. 45
-14APPLICATICNS RECEIVED-Continued
New York
Marine Midland Banks, Inc., Buffalo, New York, notification of intent to engage in de novo activities (activities
that may be carried on by a trust company including
activities of a fiduciary, agency, custodial or investment advisory or management nature) in Boca Raton,
Florida, through its subsidiary, Marine Midland Trust
Company of Florida N.A. (11/9/79) 3/
Philadelphia
Fidelcor, Inc., Rosemont, Pennsylvania, for approval to
retain the shares of Latimer & Buck, Inc., Philadelphia,
Pennsylvania.
Philadelphia
New Jersey National Corporation, Trenton, New Jersey, notification of intent to relocate de novo activities
(making, acquiring, selling and servicing, for its own
account or the account of others, loans and other
extensions of credit principally secured by mortgages)
frcm Washington Square Professional Building, Blackhouse
Pike and Fries Mill Road, Tumersville, New Jersey to
Ashland Office Center, Eversham and Alpha Avenues,
Voorhees Tcwnship, New Jersey, through its direct subsidiary, Underwood Mortgage and Title Company (11/9/79)
3/
Chicago
Financial Services Corporation of the Midwest, Rock Island,
Illinois, for approval to engage in the activity of
underwriting, as reinsurer, credit life insurance and
credit accident and health insurance directly related
to extensions of credit through its de novo subsidiaries,
Financial Service Life Insurance Company and Second
Financial Services Life Insurance Company, both of
Phoenix, Arizona.
Chicago
Merchants National Corporation, Indianapolis, Indiana,
notification of intent to relocate de novo activities
(leasing of capital goods and equipment to industry,
banks or others, or acting as agent, broker or adviser
in leasing such personal property) frcm 185 Northlawn,
Birmingham, Michigan to 2805 Coit Avenue, N.E., Grand
Rapids, Michigan, through its subsidiary, Circle Leasing of Michigan Corp. (11/5/79) 3/
Dallas
Texas Commerce Bancshares, Inc., Houston, Texas, notification of intent to engage in de novo activities (making and acquiring, for its ovn account or the account
of others, loans and other extensions of credit such
as commercial and personal loans both secured and unsecured; loans to purchase real property improved and
unimproved; loans to purchase securities; loans to
37 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.
- 15 -
H.2, 1979 No. 45
APPLICATIONS RBCEIVED-Continued
purchase camodities; standby and commercial letters
of credit; acceptances; and other loans) at 712 Main
Street, Houston, Texas, through its subsidiary, Texas
Commerce Funding Company (10/31/79) 3/
San
Francisco
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (to
engage in lending, industrial loan, loan servicing,
and insurance agency activities) at Downtown West
Village, 1645 Downtown West Boulevard, Suite 33,
Knoxville, Tennessee, through its indirect subsidiary,
FinanceAmerica Corporation (Tennessee) (11/7/79) 3/
San
Francisco
Empire Holdings Limited, Tortola, British Virgin Islands,
and Empire Holdings Inc., San Francisco, California,
for approval to acquire the shares of Redwood Bancorpfs
nonbanking subsidiaries, Redwood National Mortgage
Company and Eucalyptus Financial Corp., both in San
Francisco, California.
San
Francisco
First Security Corporation, Salt Lake City, Utah, notification of intent to engage in de novo activities (to
engage in the origination and servicing of mortgage
loans) at 535 Plumb Lane, Reno, Nevada, through its
subsidiary, Utah Mortgage Loan Corporation (11/5/79)
1/
San
Francisco
Orbanco, Inc., Portland, Oregon, for approval to retain
shares of American Data Services, Inc., Portland,
Oregon.
* * * * *
REPORTS RECEIVED
None.
* * * * *
PETITIONS FOR RULEMAKING
None.
37 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf
of the Board of Governors under delegated authoriyt.
@FedFRASER