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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1982 No. 48) 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 November 27, 1982 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Statement by Chairman Paul A. Volcker b e f o r e t h e J o i n t Economic Committee t o d i s c u s s t h e c u r r e n t s t a n c e of monetary p o l i c y and some problems f o r t h e f u t u r e . Fee s c h e d u l e r e v i s e d f o r System's automated c l e a r i n g house (ACH) s e r v i c e and changes in t h e Federal R e s e r v e ' s p r o c e d u r e s f o r administering clearing balances. Consumer Advisory C o u n c i l , t h i r t e e n new members t o r e p l a c e members whose terms a r e e x p i r i n g , and d e s i g n a t i o n of Ms. Susan Pierson De Witt as Chairman, and Mr. William J . O'Connor, J r . , as Vice Chairman. ban 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 , e x t e n s i o n of time t o December 2, 1983, within which t o i n c r e a s e i t s inve s tme nt in BankAmerica Overseas Finance C o r p o r a t i o n N.V., Netherland A n t i l l e s . ]_/ Chicago Boulevard Bancorp, I n c . , Chicago, I l l i n o i s , e x t e n s i o n of t i m e t o March 22, 1983, w i t h i n which t o become a bank h o l d i n g company, t o be i n t e r posed between Miami C o r p o r a t i o n , a r e g i s t e r e d bank h o l d i n g company, and National Boulevard Bank of Chicago, and t o a c q u i r e s h a r e s of seven banks and bank h o l d i n g companies. V Dal l a s F i r s t F r e e p o r t C o r p o r a t i o n , F r e e p o r t , Texas, ext e n s i o n of time t o February 18, 1983, w i t h i n which t o a c q u i r e Coastal National Bank, Angleton, Texas. 1/ T7 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 delegated a u t h o r i t y . i H.2, 1982 No. 48 - 2 - ACTIONS OF THE BOARD - Continued San Francisco F i r s t National C o r p o r a t i o n , San Diego, C a l i f o r n i a , e x t e n s i o n of t i m e t o January 23, 1983, within which t o become a bank h o l d i n g company by a c q u i r i n g 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o F i r s t National Bank, San Diego, C a l i f o r n i a . 1/ Dal l a s HNB C o r p o r a t i o n , H u n t s v i l l e , Texas, e x t e n s i o n of t i m e t o February 18, 1983, w i t h i n which t o a c q u i r e t h e H u n t s v i l l e National Bank, H u n t s v i l i e , Texas. V Kansas C i t y Lakeshore B a n k s h a r e s , I n c . , Oklahoma C i t y , Oklahoma, e x t e n s i o n of t i m e t o January 31, 1983, w i t h i n which t o a c q u i r e Lakeshore Bank, N.A., Oklahoma C i t y , Oklahoma. J / S t . Louis Rich Land Bancorp, I n c . , Olney, I l l i n o i s , e x t e n s i o n of t i m e t o March 14, 1983, w i t h i n which t o become a bank h o l d i n g company through t h e a c q u i s i t i o n of Olney T r u s t Bank, Olney, I l l i n o i s , s u c c e s s o r by merger t o Olney T r u s t and Banking Company, Olney, I l l i n o i s . \ j Atlanta Sonny Wright, Miami, F l o r i d a , an o r g a n i z e r of a c o r p o r a t i o n t o be formed under laws of F l o r i d a , e x t e n s i o n of time t o February 21, 1983, w i t h i n which t o become a bank h o l d i n g company through t h e a c q u i s i t i o n of Peoples National Bank of Commerce, Miami, F l o r i d a . ]_/ Boston Vermont F i n a n c i a l S e r v i c e s C o r p . , B r a t t l e b o r o , Vermont, e x t e n s i o n of time t o December 8 , 1982, w i t h i n which t o become a bank h o l d i n g company through t h e a c q u i s i t i o n of Vermont National Bank, B r a t t l e b o r o , Vermont. ]_/ San Francisco Wells Fargo Bank N.A., San F r a n c i s c o , C a l i f o r n i a , e x t e n s i o n of t i m e t o November 25, 1983, w i t h i n which t o open a branch in Madrid, S p a i n . 1/ J/ A p p l i c a t i o n p r o c e s s e d on behalf of t h e Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 48 - 3 ACTIONS OF THE BOARD - Continued San Francisco A1varado Bank, San P a b l o , C a l i f o r n i a , a proposed new bank, proposal t o a c q u i r e t h e a s s e t s of and t h e l i a b i l i t i e s f o r t h e H i l l t o p Mall Branch (Richmond, C a l i f o r n i a ) , of Union Bank, Los A n g e l e s , C a l i f o r n i a ; r e p o r t t o t h e Federal Deposit I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e factors. Boston Andover Savings Bank, Andover, M a s s a c h u s e t t s , proposal t o merge with Valley C o o p e r a t i v e Bank, Lawrence, M a s s a c h u s e t t s ; r e p o r t t o t h e Federal Deposit I n s u r a n c e 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 . J / Boston A r l i n g t o n Five Cents Savings Bank, A r l i n g t o n , M a s s a c h u s e t t s , proposal t o p u r c h a s e t h e a s s e t s and assume t h e l i a b i l i t i e s of Tanners National Bank, Woburn, M a s s a c h u s e t t s ; r e p o r t t o t h e Federal Deposit I n s u r a n c e 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 . 1/ Richmond Hampton County Bank, V a r n v i l l e , South C a r o l i n a , proposed p u r c h a s e of a s s e t s and assumption of l i a b i l i t i e s of t h e Yesassee o f f i c e of South C a r o l i n a National Bank, Columbia, South C a r o l i n a ; r e p o r t t o t h e Federal Deposit I n s u r a n c e 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 . V Richmond Old National Bank of M a r t i n s b u r g , M a r t i n s b u r g , West V i r g i n i a , proposed merger with t h e C i t i z e n s National Bank of M a r t i n s b u r g , M a r t i n s b u r g , West V i r g i n i a ; r e p o r t t o 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/ 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 delegated a u t h o r i t y . H.2, 1982 No. 48 - 4 - 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 of t h e F e d e r a l Reserve Act New York The Bank of New York, New York, New York. To e s t a b l i s h 10 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 o f f i c e s in Broome and Otsega C o u n t i e s , New York. V * * * * * To Become A Member of t h e Federal Reserve System Pursuant t o S e c t i o n 9 of t h e Federal Reserve Act Approved The Orange S t a t e Bank, Dade County, F l o r i d a . ]_/ Atlanta Chicago Midwest T r u s t and Savings Bank of Kankakee, Kankakee, I l l i n o i s . 1 / Chicago Colonial Bank of Schaumburg, Schaumburg, I l l i n o i s , j / * * * * * To Merge Pursuant t o S e c t i o n 18(c) of t h e F e d e r a l Deposit I n s u r a n c e Act Approved F i r s t T r u s t & Savings Bank of Kankakee, Kankakee, I l l i n o i s , t o merge with Midwest T r u s t and Savings Bank of Kankakee, Kankakee, I l l i n o i s . 1/ Chicago * * * * * Issued I n t e n t Not t o Disapprove Change of Control Pursuant t o Change in Bank Control Act of 1978 Kansas City Not Disapproved Farmers & Merchants I n v e s t m e n t s , I n c . , Mil f o r d , Nebraska. J / Kansas City Fairlawn B a n c s h a r e s , I n c . , Topeka, Kansas. ]_/ 2/ 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 delegated a u t h o r i t y . H.2, 1982 No. 48 - 5 - ACTIONS OF THE BOARD - Continued Dallas F i r s t B e l l s B a n k s h a r e s , I n c . , B e l l s , Texas. V * * * * * 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 m e n t s and Other Actions Pursuant t o S e c t i o n s 25 and 2 5 ( a ) of t h e F e d e r a l 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 of 1956, as amended San Francisco Approved 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 Angeles, C a l i f o r n i a , Los A n g e l e s , C a l i f o r n i a : g r a n t s cons e n t t o p u r c h a s e and h o l d , d i r e c t l y or i n d i r e c t l y , 2 9 . 9 p e r c e n t of t h e s h a r e s of Hoare Govett L i m i t e d , London, England, and t o r e t a i n t h o s e s h a r e s a f t e r Hoare Govett e s t a b l i s h e s an o f f i c e in New York from which i t w i l l conduct i n v e s t m e n t a d v i s o r y a c t i v i t i e s . Sixty-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 San BankAmerica I n t e r n a t i o n a l , San F r a n c i s c o , C a l i Francisco f o r n i a : no o b j e c t i o n t o make an a d d i t i o n a l i n v e s t m e n t in UOB Holding, S . A . , Geneva, Switzerland. * * * * * To Form a Bank Holding Company Pursuant t o S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956 New York New York TJ Approved U.S.B. Holding C o . , I n c . , Nanuet, New York, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Union S t a t e Bank, Nanuet, New York. ] / The Wilber C o r p o r a t i o n , Oneonta, New York, f o r approval t o a q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Wilber National Bank, Oneonta, New York. 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 t h e Board of Governors under delegated authority. i H.2» 1982 No. 48 - 6 - ACTIONS OF THE BOARD - Continued Cleveland F & M Bancorp, Miamisburg, Ohio, f o r approval t o acquire 100 percent of t h e voting shares of the Farmers and Merchants Bank, Miamisburg, Ohio, y Atlanta Bank of Gonzales Holding Company, I n c . , Gonzales, Louisiana, f o r approval t o acquire at l e a s t 80 percent of the v o t i n g shares of Bank of Gonzales, Gonzales, Louisiana, y Atlanta Bayoulands Financial Corporation, P l a t t e n v i l l e , Louisiana, f o r approval t o acquire at l e a s t 80 percent of t h e v o t i n g shares of Bayou!ands Bank, P l a t t e n v l l l e , Louisiana, y Atlanta Clay County Bancshares, I n c . , C e l i n a , Tennessee, f o r approval t o acquire a t l e a s t 80 percent of t h e voting shares of Clay County Bank, C e l i n a , Tennessee. V Atlanta Columbia Bancing Company, Columbia, Alabama, f o r approval t o acquire at l e a s t 80 percent of t h e voting shares of Bank of Columbia, Columbia, Alabama, y Atlanta F i r s t National Financial Corporation, C l a r k s v i l l e , Tennessee, f o r approval t o acquire 100 percent of the voting shares of The F i r s t National Bank of C l a r k s v i l l e , C l a r k s v i l l e , Tennessee. V Atlanta Park National Corporation, K n o x v i l l e , Tennessee, for approval t o acquire 100 percent of the voting shares of Park National Bank of K n o x v i l l e , Knoxv i l l e , Tennessee, y Chicago Bancap, Inc. (formerly BANKCAP, INC.), Poland, Indiana, f o r approval t o acquire at l e a s t 81.52 percent of the v o t i n g shares of Peoples S t a t e Bank of Clay County, Poland, Indiana. V Chicago F i r s t Lena Corporation, Lena, I l l i n o i s , f o r approval t o acquire at l e a s t 80 percent of t h e voting shares of C i t i z e n s S t a t e Bank of Lena, Lena, I l l i n o i s . 1/ J7 A p p l i c a t i o n processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 48 - 7 ACTIONS OF THE BOARD - Continued Chicago H e a r t l a n d F i n a n c i a l B a n c s h a r e s , I n c . , El Paso, I l l i n o i s , f o r approval t o a c q u i r e through t h e merger with H e a r t l a n d Bancorp, I n c . , El Paso, I l l i n o i s , of 82.4 p e r c e n t of Woodford County Bank, El Paso, I l l i n o i s ; and 80 p e r c e n t or more of Woodford Investment Company, Eureka, I l l i n o i s , which owns 98 p e r c e n t of F i r s t Bank of Eureka, Eureka, I l l i n o i s ; S t a t e Bank of C o r n l a n d , C o r n l a n d , I l l i n o i s ; and Bank of C a r l o c k , C a r l o c k , I l l i n o i s . JY Chicago Kane County B a n c s h a r e s , I n c . , El b u r n , I l l i n o i s , f o r approval t o a c q u i r e 100 p e r c e n t 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 t h e s u c c e s s o r by merger t o Kane County Bank and T r u s t C o . , El b u r n , I l l i n o i s . V Chicago L e C l a i r e Agency, I n c . , L e C l a i r e , Iowa, f o r 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 t h e v o t i n g s h a r e s of L e C l a i r e S t a t e Bank, L e C l a i r e , Iowa. ]_/ Chicago Peoples National Bancorp of America, Lawrenceburg, I n d i a n a , f o r approval t o a c q u i r e 100 p e r c e n t of the voting shares ( l e s s d i r e c t o r s ' qualifying s h a r e s ) of t h e s u c c e s s o r by merger t o The Peoples National Bank of Lawrenceburg, Lawrenceburg, Indiana. J J Chicago P r i n c e t o n Agency, I n c . , P r i n c e t o n , Iowa, f o r 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 t h e v o t i n g s h a r e s of Farmers Savings Bank, P r i n c e t o n , Iowa. 1/ S t . Louis Hi 1 I s b o r o B a n c s h a r e s , I n c . , H i l I s b o r o , M i s s o u r i , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Bank of Hil I s b o r o , H i l I s b o r o , M i s s o u r i . ] / S t . Louis Wayne B a n c s h a r e s , I n c . , M o n t i c e l l o , Kentucky, f o r 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 t h e v o t i n g s h a r e s of C i t y & County Bank of Wayne County, M o n t i c e l l o , Kentucky, ( f o r m e r l y Peoples S t a t e Bank). J_/ Minneapolis Bay Area Banking S h a r e s , I n c . , Ashland, Wisconsin, f o r 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 t h e v o t i n g s h a r e s of Northern S t a t e Bank, Ashland, Wisconsin. V ]_/ 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 delegated a u t h o r i t y . H.2, 1982 No. 48 - 8 ACTIONS OF THE BOARD - Continued Minneapolis Dairyland S t a t e B a n c o r p o r a t i o n , I n c . , Bruce, Wisconsin, f o r approval t o a c q u i r e a t l e a s t 9 3 . 3 p e r c e n t of t h e v o t i n g s h a r e s of Dairy]and S t a t e Bank, Bruce, Wisconsin. ]J Minneapolis Gary Holding Company, Gary, South Dakota, f o r approval t o a c q u i r e a t l e a s t 83 p e r c e n t of t h e v o t i n g s h a r e s of Gary S t a t e Bank, Gary, South Dakota. J / Minneapolis Goodhue County F i n a n c i a l C o r p o r a t i o n , Red Wing, Minnesota, f o r 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 t h e v o t i n g s h a r e s of The Goodhue County National Bank of Red Wing, Red Wing, Minnesota. 1 / Minneapolis Hebron B a n s h a r e s , I n c . , Omaha, Nebraska, f o r 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 t h e v o t i n g s h a r e s of S e c u r i t y Bank of Hebron, Hebron, North Dakota. J / Kansas City AmBank F i n a n c i a l C o r p o r a t i o n , Denver, Colorado, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Orchard Valley Bank, Englewood, Colorado and Broadway Bank, ( f o r m e r l y V i e j o Bank), L i t t l e t o n , Colorado, a proposed new bank. J J Kansas City F i r s t Guymon B a n c s h a r e s , I n c . , Guymon, Oklahoma, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t National Bank of Guymon, Guymon, Oklahoma. V Kansas C i t y Guarantee S t a t e B a n c s h a r e s , I n c . , Mangum, Oklahoma, f o r 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 t h e v o t i n g s h a r e s of The Guarantee S t a t e Bank, Mangum, Oklahoma. ]_/ Dallas Camino Real B a n c s h a r e s , I n c . , C a r r i z o S p r i n g s , Texas, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t National Bank of Dimmit County, C a r r i z o S p r i n g s , Texas. ] / Dallas F r a n k l i n B a n c s h a r e s , I n c . , F r a n k l i n , Texas, f o r 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 t h e v o t i n g s h a r e s of F i r s t National Bank of F r a n k l i n , F r a n k l i n , T e x a s . 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 t h e Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 48 - 9 - ACTIONS OF THE BOARD - Continued Dal l a s G-6 C o r p o r a t i o n , M e s q u i t e , Texas, f o r approval t o a c q u i r e a t l e a s t 95.57 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t S t a t e Bank, M e s q u i t e , Texas. ]_/ Dallas Gulf Southwest Bancorp, I n c . , Houston, Texas, f o r 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 v o t i n g s h a r e s of League City National Bank, Houston, Texas and Alvin Community Bank, N.A., A l v i n , Texas; and t o merge with Westgrove C o r p o r a t i o n , Houston, Texas and i n d i r e c t l y a c q u i r e a t l e a s t 80 p e r c e n t of Southern S t a t e Bank, South Houston, Texas and t o merge with Gulf Southwest B a n c s h a r e s , I n c . , Houston, Texas and i n d i r e c t l y a c q u i r e a t l e a s t 99.96 p e r c e n t of Merchants Park Bank, Houston, Texas. V Dallas New Dim F i n a n c i a l C o r p o r a t i o n , New Dim, Texas, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of New Ulm S t a t e Bank, New Dim, Texas. J J Dallas Western Bancshares of El Paso, I n c . , El Paso, Texas, f o r 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 t h e v o t i n g s h a r e s of Western Bank, El Paso, Texas, j y San Francisco Cal Rep Bancorp, B a k e r s f i e l d , C a l i f o r n i a , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of C a l i f o r n i a Republic Bank, B a k e r s f i e l d , C a l i f o r n i a . J J San Francisco Western Commercial, F r e s n o , C a l i f o r n i a , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Fresno Bank of Commerce, F r e s n o , C a l i f o r n i a . 1/ * * * * * To Expand a Bank Holding Company Pursuant t o S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956 Kansas C i t y T7 Withdrawn Bates County B a n c s h a r e s , I n c . , Rich H i l l , M i s s o u r i , f o r 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 t h e v o t i n g s h a r e s of S e c u r i t y Bank of Auxvasse, Auxvasse, M i s s o u r i . 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 delegated a u t h o r i t y . I H.2, 1982 No. 48 - 10 ACTIONS OF THE BOARD - Continued Kansas C i t y Boston IntraWest F i n a n c i a l C o r p o r a t i o n ( f o r m e r l y The F i r s t National 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 , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t National Bank of Highlands Ranch, L i t t l e t o n , C o l o r a d o , a p r o posed new bank. Approved UST C o r p . , Boston, M a s s a c h u s e t t s , f o r 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 t h e v o t i n g s h a r e s of Charlesbank T r u s t Company, Cambridge, M a s s a c h u s e t t s . J_/ Cleveland I n t e r 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 , Dayton, Ohio, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of C e n t r a l T r u s t Company of Western Ohio, National A s s o c i a t i o n , C e l i n a , Ohio. ]_/ Cleveland Peoples Bancorp, I n c . , M a r i e t t a , Ohio, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of The Peoples Bank, N e l s o n v i l i e , Ohio. ] / Atlanta Mountain F i n a n c i a l Company, M a r y v i l i e , Tennessee, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of J e f f e r s o n County Bank, Dandridge, Tennessee. J / Chicago Midwest F i n a n c i a l Group I n c . , ( f o r m e r l y Commercial National C o r p o r a t i o n ) , P e o r i a , I l l i n o i s , f o r approval t o merge with Champaign Bancorp, I n c . , Champaign, I l l i n o i s , t h e r e b y a c q u i r i n g The F i r s t National Bank in Champaign, Champaign, I l l i n o i s ; and t o merge with I l l i n o i s National Bancorp, I n c . , S p r i n g f i e l d , I l l i n o i s , t h e r e b y a c q u i r i n g The I l l i n o i s National Bank of S p r i n g f i e l d , S p r i n g f i e l d , I l l i n o i s , and t o a c q u i r e t h e s u c c e s s o r by merger t o F i r s t T r u s t & Savings Bank of Kankakee, Kankakee, I l l i n o i s . J_/ Chicago F i r s t b a n k of I l l i n o i s C o . , S p r i n g f i e l d , I l l i n o i s , f o r approval t o a c q u i r e 100 p e r c e n t 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 F i r s t T r u s t and Savings Bank of T a y l o r v i l l e , T a y l o r v i l l e , I l l i n o i s . 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 t h e Board of Governors under delegated authority. i H.2, 1982 No. 48 -11ACTIONS OF THE BOARD - Continued Chicago Northern T r u s t C o r p o r a t i o n , Chicago, I l l i n o i s , f o r approval t o a c q u i r e a t l e a s t 99.3 p e r c e n t 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 1 q u a l i f y i n g s h a r e s ) of Colonial Bank of Shaumb u r g , Schaumburg, I l l i n o i s , a proposed new bank. J / * * * * * To Expand a Bank Holding Company Pursuant t o S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956 New York San Francisco New York Withdrawn Ci t i c o r p , New York, New York, f o r approval to e n g a g e , 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 . , Towson, Maryland, in o f f e r i n g a consumer 1 ay amy plan known as t h e Purchase Plus P l a n , i n c o n n e c t i o n with C F I ' s p r o p r i e t a r y c r e d i t card known as "Choice". 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 t o expand i t s i n s u r a n c e a c t i v i t i e s t o i n c l u d e c r e d i t - r e l a t e d unemployment i n s u r a n c e s a l e s in S e a t t l e , Washington, through i t s s u b s i d i a r y , S e a f i r s t Insurance Corporation. Approved Post-och K r e d i t b a n k e n , PKbanken, Stockholm, Sweden, f o r approval t o engage in c e r t a i n nonbanking a c t i v i t i e s through i t s s u b s i d i a r y , PKfinans I n t e r n a t i o n a l C o r p o r a t i o n , New York, New York. Chicago L e C l a i r e Agency, I n c . , L e C l a i r e , Iowa, f o r approval t o c o n t i n u e t o engage 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 in L e C l a i r e , Iowa, a community with a p o p u l a t i o n of l e s s t h a n 5,000. ]_/ Chicago P r i n c e t o n Agency, I n c . , P r i n c e t o n , Iowa, f o r approval t o c o n t i n u e t o engage 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 in P r i n c e t o n , Iowa, a community with a p o p u l a t i o n of l e s s t h a n 5,000. ]_/ TJ 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 delegated a u t h o r i t y . I H . 2 , 1982 No. 48 - 1 2 - ACTIONS OF THE BOARD - Continued New York Delayed Deutsche Bank AG, F r a n k f u r t , West Germany, r e q u e s t s p e r m i s s i o n t o c o n t i n u e t o o p e r a t e an o f f i c e e n gaging in t h e f o l l o w i n g a c t i v i t i e s ((A) p r o v i d e d e a l e r s of a f f i l i a t e s of Daimler-Benz AG in t h e United S t a t e s and Canada with w h o l e s a l e f i n a n c i n g in t h e form of loans t o f i n a n c e d e a l e r s i n v e n t o r i e s secured by such i n v e n t o r i e s and (B) p r o v i d e customers of a f f i l i a t e s of Daimler-Benz AG in t h e United S t a t e s and Canada and t h e i r d e a l e r s with r e t a i l f i n a n c i n g c o n s i s t i n g of p u r c h a s e s by t h e company from such a f f i l i a t e s and t h e i r d e a l e r s of r e t a i l i n s t a l l m e n t o b l i g a t i o n s undertaken by t h e customer in r e s p e c t of equipment purchased by t h e c u s t o m e r , of p u r c h a s e s of l e a s e r e c e i v a b l e s and d e a l e r r e n t a l r e c e i v a b l e s in r e s p e c t of t h e e q u i p ment l e a s e d by t h e customer and of f u l l payout l e a s i n g of p r o d u c t s of such a f f i l i a t e s and such d e a l e r s ; in c o n n n e c t i o n t h e r e w i t h , t h e company makes a v a i l a b l e , s o l e l y as a u t h o r i z e d a g e n t , c r e d i t l i f e , a c c i d e n t and p h y s i c a l damage i n s u r a n c e ) a t 4545 F u l l e r Drive, S u i t e 328, P.O. Box 5225, I r v i n g , Texas, through i t s s u b s i d i a r y , F r e i g h t l i n e r C r e d i t C o r p o r a t i o n ( 1 1 / 2 4 / 8 2 ) 3/ 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 t o r e l o c a t e de novo a c t i v i t i e s (in t h e a c t i v i t i e s of consumer and commercial f i n a n c e , and t h e 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 ) from Rainbow V i l l a g e Shopping C e n t e r , 2630-A Rainbow Way, D e c a t u r , Georgia t o The Lenox C e n t e r , 3355 Lenox Road NE, A t l a n t a , Georgia, which o f f i c e , upon r e l o c a t i o n , w i l l s e r v e A t l a n t a , G e o r g i a , through i t s s u b s i d i a r y , Dial Finance Company of Georgia ( 1 1 / 2 3 / 8 2 ) 3/ 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 t o r e l o c a t e 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 of consumer and commercial f i n a n c e , and t h e 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 ) from 2198 East Market S t r e e t , Akron, Ohio t o B r i t t a i n S q u a r e , 1717 B r i t t a i n Road, S u i t e 109, Akron, Ohio, through i t s s u b s i d i a r i e s , Dial Finance Company of Ohio, F i r s t D i a l , I n c . and Dial Finance Company of Ohio No. 1, I n c . (11/23/82) 3/ TJ 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 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, 1982 No. 48 - 13 ACTIONS OF THE BOARD - Continued New York Permitted M a n u f a c t u r e r s 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 t o engage through i t s i n d i r e c t s u b s i d i a r i e s (A) Tempco L i f e I n s u r a n c e Company, Phoenix, A r i z o n a , in t h e a c t i v i t y of r e i n s u r i n g s i n g l e and j o i n t c r e d i t l i f e insurance related to extensions of c r e d i t made by s u b s i d i a r i e s of M a n u f a c t u r e r s Hanover C o r p o r a t i o n in I l l i n o i s ; and (B) R i t t e r L i f e I n s u r a n c e Company, Huntington V a l l e y , P e n n s y l v a n i a , i n t h e a c t i v i t y of r e i n s u r i n g s i n g l e c r e d i t l i f e insurance r e l a t e d to ext e n s i o n s of c r e d i t made by s u b s i d i a r i e s of M a n u f a c t u r e r s Hanover C o r p o r a t i o n in M a s s a c h u s e t t s ( 1 1 / 2 1 / 8 2 ) 3/ New York M a n u f a c t u r e r s 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 t o e s t a b l i s h a de novo o f f i c e engaging in t h e f o l l o w i n g a c t i v i t i e s (making, a c q u i r i n g , o r s e r v i c i n g commercial 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 such as could be made or a c q u i r e d by a commercial f i n a n c e company under New J e r s e y 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 , engaging in commercial and b u s i n e s s f i n a n c i n g of a l l t y p e s , and making loans s e cured by r e s i d e n t i a l r e a l e s t a t e t o i n d i v i d u a l s f o r b u s i n e s s p u r p o s e s ) a t 930 N. Route 73, M a r l t o n , New J e r s e y , s e r v i n g t h e e n t i r e S t a t e of New J e r s e y , t h r o u g h i t s s u b s i d i a r y , Finance One Commercial C o r p o r a t i o n ( 1 1 / 2 1 / 8 2 ) 3/ New York M a n u f a c t u r e r s 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 t o e s t a b l i s h a de novo o f f i c e engaging in t h e f o l l o w i n g a c t i v i t i e s (making, a c q u i r i n g , or s e r v i c i n g commercial 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 such as could be made or a c q u i r e d by a commercial f i n a n c e company under Pennsylvania 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 , engaging in commercial and b u s i n e s s f i n a n c i n g of a l l t y p e s , and making l o a n s s e c u r e d by r e s i d e n t i a l r e a l e s t a t e t o i n d i v i d u a l s f o r b u s i n e s s p u r p o s e s ) a t 1600 Market S t r e e t , S u i t e 1313, P h i l a d e l p h i a , P e n n s y l v a n i a , s e r v i n g t h e e n t i r e S t a t e of 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 , Finance One Commercial C o r p o r a t i o n ( 1 1 / 2 1 / 8 2 ) 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 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, 1982 No. 48 -14- ACTIONS OF THE BOARD - Continued Atlanta Louisiana Bancorp, I n c . , Crowley, L o u i s i a n a , 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 ( i n t h e l e a s i n g of p e r s o n a l p r o p e r t y ) a t North Avenue G, Crowley, L o u i s i a n a , through i t s s u b s i d i a r y , L o u i s i a n a Bancorp Leasing Company ( 1 1 / 2 2 / 8 2 ) 3/ 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 t o engage in de novo a c t i v i t i e s ( 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 o t h e r p e r s o n s ) a t 4814 North MacArthur B o u l e v a r d , Oklahoma C i t y , Oklahoma, s e r v i n g t h e c i t y of Oklahoma C i t y , Oklahoma, through i t s s u b s i d i a r y , Dial Finance Company of Oklahoma, I n c . ( 1 1 / 2 3 / 8 2 ) 3/ Dallas F i r s t C i t y F i n a n c i a l C o r p o r a t i o n , Albuquerque, New Mexico, 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 ( i n a l l f u n c t i o n s or a c t i v i t i e s t h a t may be performed by a t r u s t company, i n c l u d i n g a c t i v i t i e s of a f i d u c i a r y , a g e n c y , or c u s t o d i a n n a t u r e ) a t 2155 Louis ia na Boulevard, NE, Albuq u e r q u e , New Mexico, s e r v i n g B e r n a l i l l o County and t h e S t a t e of New Mexico, t o t h e e x t e n t p e r m i t t e d by New Mexico S t a t u t e s , through i t s s u b s i d i a r y , F i r s t City T r u s t Company ( 1 1 / 2 2 / 8 2 ) 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 t o c o n t i n u e t o engage in de novo a c t i v i t i e s (making or a c q u i r i n g f o r t h e i r own account 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 such as would be made or a c q u i r e d by a f i n a n c e company, s e r v i c i n g 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 related l i f e insurance, c r e d i t - r e l a t e d accident and h e a l t h i n s u r a n c e 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 in t h e s t a t e s of M i s s i s s i p p i and Alabama; such a c t i v i t i e s w i l l i n c l u d e , but not be l i m i t e d t o , making consumer i n s t a l l m e n t loans, purchasing installment s a l e s c o n t r a c t s , making loans and o t h e r e x t e n s i o n s of c r e d i t t o small b u s i n e s s e s , making loans 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 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 , 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 , and c r e d i t - 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 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, 1982 No. 48 - 15 - ACTIONS OF THE BOARD - Continued r e l a t e d 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 a c q u i r e d by both FinanceAmerica I n d u s t r i a l Plan I n c . and FinanceAmerica C o r p o r a t i o n ; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d a 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 r e i n s u r e d by BA I n s u r a n c e Company, I n c . , an a f f i l i a t e of both Finance-America I n d u s t r i a l Plan I n c . and FinanceAmerica C o r p o r a t i o n ) a t V i l l a g e East Shopping P l a z a , 233 Alabama S t r e e t , Columbus, M i s s i s s i p p i , s e r v i n g t h e e n t i r e S t a t e s of M i s s i s s i p p i and Alabama, through i t s i n d i r e c t s u b s i d i a r i e s , FinanceAmerica I n d u s t r i a l Plan I n c . and FinanceAmerica C o r p o r a t i o n (both M i s s i s s i p p i c o r p o r a t i o n s ) ( 1 1 / 2 2 / 8 2 ) 2J JJ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed 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, 1982 No. 48 - 16 APPLICATIONS RECEIVED To Become a Member of t h e F e d e r a l Reserve System P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Reserve Act San Francisco Great Western Bank, D a l l a s , Oregon. 2/ To E s t a b l i s h a Domestic Branch Pursuant To S e c t i o n 9 of t h e F e d e r a l Reserve Act Chicago The De Kalb Bank, De Kalb, I l l i n o i s . To e s t a b l i s h an ATM a t t h e f o l l o w i n g l o c a t i o n s : 1700 Sycamore Road and 901 South Fourth S t r e e t , both in De Kalb, I l l i n o i s . 2/ Chicago Chemical Bank and T r u s t Company, Midland, Michigan. To 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 a t t h e I n t e r n a t i o n a l H e a d q u a r t e r s of t h e Dow Chemical Company, 2030 Dow C e n t e r , Midland, Michigan. 2/ Philadelphia G i r a r d Bank, Bala Cynwyd, P e n n s y l v a n i a . To 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 a t U n i v e r s i t y C i t y Shopping C e n t e r , 4007 Locust S t r e e t , P h i l a d e l p h i a , Pennsylvania. 2/ * * * * * To Form a Bank Holding Company Pursuant t o S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956 Boston Maine National C o r p . , P o r t l a n d , Maine, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Maine National Bank, P o r t l a n d , Maine. 2 / New York B r a s i l i n v e s t S.A. I n v e s t i m e n t o s , P a r t i c i p a t e s e Negocios; B r a s i l i n v e s t S.A. Banco de I n v e s t i m e n t o ; and B r a s i l i n v e s t S.A. I n t e r n a t i o n a l (Panama); a l l of Sao Pa ulo, B r a z i l ; and B r a s i l i n v e s t Overseas Bank Limited ( N a s s a u ) , Nassau, t h e Bahamas, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t Women's Bank, New York, New York. 2 / 77 A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community A f f a i r s 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 a s t o t h e l e n g t h of t h e comment p e r i o d . H . 2 , 1982 No. 48 - 17 - APPLICATIONS RECEIVED - Continued Cleveland Exchange F i n a n c i a l C o r p o r a t i o n , Mount S t e r l i n g , Kentucky, f o r 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 t h e v o t i n g s h a r e s of The Exchange Bank of Kentucky, Mount S t e r l i n g , Kentucky. 2/ Atlanta TMB B a n k s h a r e s , I n c . , West Palm Beach, F l o r i d a , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of The Mall Bank, West Palm Beach, F l o r i d a . 2/ Atlanta Union B a n c s h a r e s , I n c o r p o r a t e d , M a r k s v i l l e , L o u i s 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 p e r c e n t of t h e v o t i n g s h a r e s of The Union Bank, M a r k s v i l l e , L o u i s i a n a . 2/ Chicago Drake Holding Company, I n c . , R a d c l i f f e , Iowa, f o r approval t o a c q u i r e a t l e a s t 8 2 . 8 p e r c e n t of t h e 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, R a d c l i f f e , Iowa. 2/ Chicago MWA B a n c o r p o r a t i o n , E s t h e r v i l l e , Iowa, f o r 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 t h e v o t i n g s h a r e s of The Emmet County S t a t e Bank, E s t h e r v i l l e , Iowa and F i r s t Bank and T r u s t , S p i r i t Lake, Iowa. 2/ Chicago Valley F i n a n c i a l S e r v i c e s , I n c . , South E l g i n , I l l i n o i s , f o r 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 t h e v o t i n g s h a r e s of Valley Bank and T r u s t Company, South E l g i n , I l l i n o i s . 2] S t . Louis Morgantown Deposit Bancorp, I n c . , Morgantown, Kentucky, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o Morgantown D e p o s i t Bank, Morgantown, Kentucky. 2 / S t . Louis Saline Bancorp., I n c . , Harrisburg, I l l i n o i s , f o r approval t o a c q u i r e 81.16 p e r c e n t of t h e v o t i n g s h a r e s of Bank of H a r r i s b u r g , H a r r i s b u r g , I l l i n o i s . 2/ 77 A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community A f f a i r s 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 a s t o t h e l e n g t h of t h e comment p e r i o d . H.2, 1982 No. 48 -18- APPLICATIONS RECEIVED - Continued S t . Louis WEST FRANKFORT COMMUNITY BANCSHARES, INC., West F r a n k f o r t , I l l i n o i s , f o r approval t o a c q u i r e a t l e a s t 90.02 p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t Community Bank of West F r a n k f o r t , West F r a n k f o r t , I l l i n o i s . 2/ Minneapolis F i r s t Sharon Holding Company, I n c . , Sharon, North Dakota, f o r approval t o a c q u i r e 94.62 p e r c e n t of t h e 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 Sharon, Sharon, North Dakota. 2/ Kansas City Granada B a n k s h a r e s , I n c . , Granada, C o l o r a d o , f o r approval t o a c q u i r e a t l e a s t 88 p e r c e n t of t h e v o t i n g s h a r e s of The American S t a t e Bank, Granada, Colorado. 2/ Kansas City Holly Bankshares, I n c . , H o l l y , Colorado, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t Bank & T r u s t , Holly, Colorado. 2/ Kansas C i t y Pine Ridge Management Company, Chadron, Nebraska, f o r 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 t h e v o t i n g s h a r e s of F i r s t National Bank of Chadron, Chadron, Nebraska, 2/ Kansas C i t y TBI 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 , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of T r a d e r s Bank of Kansas C i t y , Kansas C i t y , M i s s o u r i . 2/ Dal l a s S t a t e w i d e Bancshares C o r p o r a t i o n , Cedar H i l l , Texas, f o r approval t o a c q u i r e a t l e a s t 88 p e r c e n t of t h e v o t i n g s h a r e s of F i r s t Bank & T r u s t Company, Cedar H i l l , Texas. 2 / San Francisco Carmel B a n c o r p o r a t i o n , Carmel, C a l i f o r n i a , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o National Bank of Carmel, Carmel, C a l i f o r n i a . 2/ San Francisco C o n t i n e n t a l Bancorp, F r e s n o , C a l i f o r n i a , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of C o n t i n e n t a l National Bank, F r e s n o , C a l i f o r n i a . 2/ Tj A p p l i c a t i o n s u b j e c t t o Community Reinvestment A c t . The Community A f f a i r s 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 a s t o t h e l e n g t h of t h e comment p e r i o d . I H.2, 1982 No. 48 -19- APPLICATIONS RECEIVED - Continued San Francisco INB Bancorp, Covina, C a l i f o r n i a , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Independence National Bank, Covina, C a l i f o r n i a , a proposed new bank. 2/ San Francisco Montecito Bancorp, M o n t e c i t o , C a l i f o r n i a , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of The Bank of M o n t e c i t o , Santa B a r b a r a , C a l i f o r n i a . 2/ San Franci sco North American Bancorp, Los A n g e l e s , C a l i f o r n i a , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of I n t e r n a t i o n a l Bank of North America, National A s s o c i a t i o n , Los Angeles, C a l i f o r n i a , a proposed new bank. 2/ * * * * * To Expand a Bank Holding Company Pursuant t o S e c t i o n 3 ( a ) ( 3 ) of The Bank Holding Company Act of 1956 New York Key Banks I n c . , Albany, New York, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Bankers T r u s t Company of Western New York, Jamestown, New York. 2/ Atlanta B a r n e t t Banks of F l o r i d a , I n c . , J a c k s o n v i l l e , F l o r i d a , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of The S t a t e Exchange Bank, Lake C i t y , F l o r i d a ; and T r e a s u r e Coast Bankcorp, I n c . , Port S t . L u c i e , F l o r i d a and i n d i r e c t l y Port S t . Lucie Bank, Port S t . L u c i e , F l o r i d a . 2/ Atlanta Brannen Banks of F l o r i d a , I n c . , Dunnellon, F l o r i d a , f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of The Bank of I n v e r n e s s , I n v e r n e s s , F l o r i d a , C r y s t a l River Bank, C r y s t a l R i v e r , F l o r i d a and Homosassa Springs Bank, Homosassa S p r i n g s , F l o r i d a . 2J Chicago Hawkeye B a n c o r p o r a t i o n , Des Moines, Iowa, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Onawa S t a t e Bank, Onawa, Iowa. 2J "ZJ A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community A f f a i r s 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 t o t h e l e n g t h of t h e comment p e r i o d . H.2, 1982 No. 48 - 20 APPLICATIONS RECEIVED - Continued Kansas C i t y Broadway 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 , f o r approval t o a c q u i r e a t l e a s t 25 p e r c e n t of t h e v o t i n g s h a r e s of TBI B a n c s h a r e s , I n c . , Kansas C i t y , Missouri and i n d i r e c t l y T r a d e r s Bank of Kansas C i t y , Kansas C i t y , M i s s o u r i . 7J Kansas City International Bancshares, I n c . , Gladstone, Missouri, f o r approval t o a c q u i r e a t l e a s t 25 p e r c e n t of t h e v o t i n g s h a r e s of TBI B a n c s h a r e s , I n c . , Kansas C i t y , Missouri and i n d i r e c t l y T r a d e r s Bank of Kansas C i t y , Kansas C i t y , M i s s o u r i . 2/ Kansas C i t y Metro 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 , f o r approval t o a c q u i r e a t l e a s t 25 p e r c e n t of TBI B a n c s h a r e s , I n c . , Kansas C i t y , Missouri and i n d i r e c t l y Traders Bank of Kansas C i t y , Kansas C i t y , M i s s o u r i . 2/ Kansas City M e t r o p o l i t a n 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 , f o r approval t o a c q u i r e a t l e a s t 25 p e r c e n t of t h e v o t i n g s h a r e s of TBI B a n c s h a r e s , I n c . , Kansas C i t y , Missouri and i n d i r e c t l y T r a d e r s Bank of Kansas C i t y , Kansas C i t y , M i s s o u r i . 2/ Kansas C i t y Union B a n c o r p o r a t i o n , I n c . , Oklahoma C i t y , Oklahoma, f o r approval t o a c q u i r e an a d d i t i o n a l 2 . 4 p e r c e n t of t h e v o t i n g s h a r e s of United Oklahoma Bankshares, I n c . , Oklahoma C i t y , Oklahoma. 2 / Dal l a s Coastal Bend B a n c s h a r e s , I n c . , Robstown, Texas, f o r approval t o a c q u i r e 5 3 . 9 p e r c e n t of t h e v o t i n g s h a r e s of Coastal Bend National Bank, Corpus C h r i s t i , Texas. 2J Dal l a s National Bancshares C o r p o r a t i o n of Texas, San A n t o n i o , Texas, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Southwest S t a t e Bank, Corpus C h r i s t i , Texas. 2 / Dal 1 as United B a n k e r s , I n c . , Waco, Texas, f o r approval t o a c q u i r e a t l e a s t 61.84 p e r c e n t of t h e v o t i n g s h a r e s of Marl in B a n c s h a r e s , I n c . , Marl i n , Texas and i n d i r e c t l y F i r s t S t a t e Bank of Marl i n , Marl i n , Texas. 2 / 2/ A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community A f f a i r s 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 a s t o t h e l e n g t h of t h e comment p e r i o d . I H.2, 1982 No. 48 -21 - APPLICATIONS RECEIVED - Continued Dal l a s V i c t o r i a B a n k s h a r e s , I n c . , V i c t o r i a , Texas, f o r approval t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Bank of Commerce, Port Comfort, Texas. 2/ San Francisco Tennessee Homestead Company, Odgen, Utah, f o r approval t o a c q u i r e an a d d i t i o n a l 12.99 p e r c e n t of t h e v o t i n g s h a r e s of Bank of Utah, Ogden, Utah. 2/ San Francisco Washington Community B a n c s h a r e s , I n c . , Tacoma, Washington, f o r approval t o a c q u i r e 100 p e r c e n t of t h e o u t s t a n d i n g v o t i n g s h a r e s of Tumwater S t a t e Bank, Tumwater, Washington. 2/ * * * * * To Expand a Bank Holding Company Pursuant t o S e c t i o n 3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956 S t . Louis F i r s t Arkansas Bankstock C o r p o r a t i o n , L i t t l e Rock, A r k a n s a s , f o r approval t o a c q u i r e a t l e a s t 9 . 0 p e r c e n t of t h e v o t i n g s h a r e s of Pope County B a n k s h a r e s , I n c . , R u s s e l 1 v i l l e , Arkansas and i n d i r e c t l y a t l e a s t 8 0 . 0 p e r c e n t of Peoples Bank & T r u s t Company, R u s s e l 1 v i l l e , Arkansas. 2/ S t . Louis Union P l a n t e r s C o r p o r a t i o n , Memphis, Tennessee, f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o Tennessee Commerce C o r p o r a t i o n , J a c k s o n , Tennessee and i n d i r e c t l y F i r s t National Bank of Gibson C i t y , Humboldt; and National Bank of Commerce of J a c k s o n , J a c k s o n , both in T e n n e s s e e . 2/ * * * * * To Expand a Bank Holding Company Pursuant t o S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956 New York 27 The Bank of New York Company, I n c . , New York, New York, r e q u e s t s p e r m i s s i o n t o e s t a b l i s h t h r e e de novo o f f i c e s engaging in t h e f o l l o w i n g a c t i v i t i e s (making l o a n s secured by f i r s t and A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act. The Community A f f a i r s 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 a s t o t h e l e n g t h of t h e comment p e r i o d . H.2, 1982 No. 48 - 22 - APPLICATIONS RECEIVED - Continued second mortgages on r e a l e s t a t e c o n s i s t i n g of 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 ) a t 7301 Topanga Canyon Boulevard, Conaga Park, C a l i f o r n i a , with a primary s e r v i c e a r e a of t h e San Fernando V a l l e y , being p o r t i o n s of Los Angeles and Ventura C o u n t i e s , C a l i f o r n i a ; 2045 S p r i n g s Road, V a l l e j o , C a l i f o r n i a , with a primary s e r v i c e a r e a of Solano, Sonoma, M a r t i n , Napa and Contra Costa C o u n t i e s , C a l i f o r n i a , and 408 S. Main S t r e e t , S a l i n a s , C a l i f o r n i a , w i t h a primary s e r v i c e a r e a of Monterey, Santa Cruz and San Benito C o u n t i e s , C a l i f o r n i a , through i t s s u b s i d i a r y , ARCS Mortgage, I n c . (11/26/82) New York Chemical New York 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 t o e s t a b l i s h a de novo o f f i c e engaging in t h e f o l l o w i n g a c t i v i t i e s ( g e n e r a t i n g and s e r v i c i n g 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 ; making or a c q u i r i n g consumer l o a n s ; a c q u i r i n g i n s t a l l m e n t c o n t r a c t s from r e t a i l s e l l e r s c o v e r i n g t h e time s a l e s of goods and r e l a t e d s e r v i c e s ; making or a c q u i r i n g 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 o b u s i n e s s e s i n c l u d i n g but not l i m i t e d t o , i n v e n t o r y f i n a n c i n g ; making available to i t s debtors 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 i n s u r a n c e d i r e c t l y r e l a t e d t o such l e n d i n g a c t i v i t i e s t o t h e 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 laws and r e g u l a t i o n s , t h e s e r v i c e a r e a of t h i s o f f i c e w i l l be t h e S t a t e of C a l i f o r n i a ) a t 3330 Clayton Road, Concord, C a l i f o r n i a , through i t s s u b s i d i a r y , Sunamerica C o r p o r a t i o n ( 1 1 / 2 4 / 8 2 ) New York C i t i c o r p , New York, New York, f o r approval t o engage d i r e c t l y o r i n d i r e c t l y through C i t i c o r p S e r v i c e s , I n c . , New York, New York, in t h e i s s u a n c e and s a l e of money o r d e r s and o t h e r payment i n s t r u m e n t s in a l l denominations w i t h o u t l i m i t as t o f a c e v a l u e . Philadelphia F i r s t National Bancorp of Allentown, I n c . , A l l e n town, P e n n s y l v a n i a , n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s (in t h e a c t i v i t y of u n d e r w r i t i n g , a s r e i n s u r e r , 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 t o 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 s u b s i d i a r y , The F i r s t National Bank of Allentown and any o t h e r banking H.2, 1982 No. 48 -23- APPLICATIONS RECEIVED - Continued and non-banking s u b s i d i a r i e s of F i r s t National Bancorp of Allentown, I n c . ) a t 234 North C e n t r a l Avenue, Phoenix, A r i z o n a , t h e geographic a r e a served w i l l i n i t i a l l y be P e n n s y l v a n i a , New J e r s e y , New York, Maryland and Delaware, through i t s s u b s i d i a r y , F i r a l L i f e I n s u r a n c e Co. ( 1 1 / 1 6 / 8 2 ) Atlanta F i r s t R a i l r o a d & Banking Company of 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 t o engage in de novo a c t i v i t i e s (in p r o v i d i n g d a t a p r o c e s s i n g s e r v i c e s and r e l a t e d s e r v i c e s such as d a t a p r o c e s s i n g and s u p p o r t i n g e q u i p ment s a l e s , c o n s u l t i n g r e l a t i v e t o t h e use and a p p l i c a b i l i t y of d a t a p r o c e s s i n g equipment and s e r v i c e s , and e l e c t r o n i c f u n d s t r a n s f e r systems) a t 2695 Buford Highway NE, A t l a n t a , Georgia ( s e r v i c i n g G e o r g i a , Alabama, North C a r o l i n a , and South C a r o l i n a ) , and 8031 NW 14th S t r e e t , Miami, F l o r i d a ( s e r v i c i n g F l o r i d a ) ; through remote i n p u t / o u t p u t d a t a c o l l e c t i o n c e n t e r s a t 2695 Buford Highway NE, A t l a n t a , Georgia; 699 Broad S t r e e t , Augusta, Georgia; 120 Third Avenue, M o u l t r i e , G e o r g i a ; 208 T.V. Road, Dothan, Alabama; 14th and H a r r i s S t r e e t , C o r d e l e , G e o r g i a , 2380 Murphy B l v d . , G a i n s v i l i e , Georgia; 501 Broad S t r e e t , Rome, Georgia; 60 Commerce S t r e e t , Montgomery, Alabama and 1320 East Morehead S t r e e t , C h a r l o t t e , North C a r o l i n a ; and through i n p u t / o u t p u t equipment l o c a t e d in t h e c u s t o m e r s ' o f f i c e s , through i t s s u b s i d i a r y , F i r s t F i n a n c i a l Management C o r p o r a t i o n (11/17/82) Atlanta L o u i s i a n a Bancorp, I n c . , Crowley, L o u i s i a n a , 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 ( i n t h e l e a s i n g of p e r s o n a l p r o p e r t y ) a t North Avenue G, Crowley, L o u i s i a n a , through i t s s u b s i d i a r y , L o u i s i a n a Bancorp Leasing Company (10/8/82) Chicago Drake Holding Company, I n c . , R a d c l i f f e , Iowa, f o r approval t o engage in general i n s u r a n c e a c t i v i t i e s in a town of l e s s than 5 , 0 0 0 . 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 t o engage in de novo a c t i v i t i e s (making or a c q u i r i n g f o r i t s own account 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 such as would be made or a c q u i r e d by a f i n a n c e company; H.2, 1 982 No. 48 -24- APPLICATIONS RECEIVED - Continued 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 ; 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 and 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 i n s u r a n c e ; 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 w i l l not be o f f e r e d by e i t h e r c o r p o r a t i o n in t h e S t a t e of Michigan; such a c t i v i t i e s w i l l i n c l u d e , but not be l i m i t e d t o , making consumer i n s t a l l m e n t loans, purchasing installment s a l e s finance c o n t r a c t s , making 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 o small b u s i n e s s e s , making loans secured by r e a l and personal 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 and 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 i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or a c q u i r e d by both FinanceAmerica C r e d i t C o r p o r a t i o n and FinanceAmerica C o r p o r a t i o n , t o t h e e x t e n t p e r m i t t e d by Michigan law; c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d a 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 r e i n s u r e d by BA I n s u r a n c e Company, I n c . , an a f f i l i a t e of both FinanceAmerica C r e d i t C o r p o r a t i o n and FinanceAmerica C o r p o r a t i o n ) in B a t t l e Creek, Grand R a p i d s , F l u s h i n g , J a c k s o n , Kalamazoo, L a n s i n g , Livonia and Troy, Michigan, s e r v i n g t h e e n t i r e S t a t e of Michigan, through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica C r e d i t C o r p o r a t i o n (a Delaware c o r p o r a t i o n ) and FinanceAmerica C o r p o r a t i o n (a Michigan c o r p o r a t i o n ) (11/25/82) San Franci sco 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 Angeles, C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making or a c q u i r i n g f o r i t s own account or f o r t h e account of o t h e r s , l o a n s 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 , p u r c h a s i n g consumer i n s t a l l m e n t s a l e s f i n a n c e cont r a c t s , making loans t o small b u s i n e s s e s 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 by a f a c t o r i n g company o r a consumer f i n a n c e company, and a c t i n g as b r o k e r or agent f o r 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 ) in Birmingham, Alabama, s e r v i n g t h e S t a t e of Alabama; C h a r l o t t e and R a l e i g h , North C a r o l i n a , s e r v i n g t h e S t a t e of North C a r o l i n a and C h a r l e s t o n and Columbia, South C a r o l i n a , s e r v i n g t h e S t a t e of South C a r o l i n a , through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c Finance Corp. ( 1 1 / 2 3 / 8 2 ) 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 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 of l o a n s and o t h e r e x t e n s i o n s of i • • H.2, 1982 No. 48 - 25 - APPLICATIQNS RECEIVED - Continued c r e d i t , e i t h e r secured or u n s e c u r e d , f o r i t s own acco u n t or f o r t h e 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 , commercial, consumer l o a n s ; i n s t a l 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 ; i s s u i n g passbook and i n v e s t m e n t c e r t i f i c a t e s ; making i n v e s t m e n t s as p e r m i t t e d by Colorado Revised S t a t u t e s 11-22-101 t o 11-22-517; and a c t i n g a s i n s u r a n c e agent with r e g a r d t o c r e d i t l i f e and d i s a b i l i t y i n s u r a n c e s o l e l y in 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 by F t . C o l l i n s I n d u s t r i a l ) a t F o r t C o l l i n s U. S. I n d u s t r i a l Bank, 760 Whalers Way, Fort C o l l i n s , C o l o r a d o , t h r o u g h F o r t C o l l i n s U. S. I n d u s t r i a l Bank, a wholly-owned s u b s i d i a r y of U. S. Bancorp F i n a n c i a l , Inc. (11/25/82) * * * * * REPORTS RECEIVED C u r r e n t Report F i l e d Pursuant t o S e c t i o n 13 of t h e S e c u r i t i e s Exchange Act Columbia P a c i f i c Bank & T r u s t Co. P o r t l a n d , Ohio (Month of November) * * * * * PETITIONS FOR RULEMAKING None.
@FedFRASER