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ANNOUNCEMENT BY h.2 197.1 No, 45 BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM : ~ — — Applications and Reports Received or Acted on During Week Ending November 6, 1971 District 1 p a te Current Report Filed Pursuant to Section 13 of the Securities Exchange Act Received United States Trust Company, Boston, Massachusetts (October 1971) 11- 5-71 •k'k'kic 7 Proxy Statement (Special Meeting) Filed Pursuant to Section 14(a) of the Securities Exchange Act Received Northern Trust Company, Chicago, Illinois -k it 11 11- 1-71 "k Tender Offer Statement Filed Pursuant to Section 14(d) of the Securities Exchange Act Received Houston Citizens Bank & Trust Company, Houston, 11- 3-71 Texas (Filed by Pierce National Life.Insurance Co,, Los Angeles, California) * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Received First Virginia Bank, Annandale, Virginia Approved First Commercial Bank, Orange, Virginia * * * * H.2 1971 No. 45 9 -2- To Withdraw from Membership in the Federal Reserve System Without a Six Month Notice as Prescribed by Section 9 of the Federal Reserve Act Approved "The South Range State Bank, South Range, Michigan "k -V -k 'k 2 3 Girard Trust Bank, Bala Cynwyd, Pennsylvania. Branch to be established at 510 Walnut Street, Philadelphia, Montgomery County. 3 The First Pennsylvania Banking and Trust Company, Bala Cynwyd, Pennsylvania. Branch to be established on the northwest corner of Rhawn Street and Verree Road, Philadelphia,Philadelphia County. 4 The Peoples-Merchants Trust Company, Canton, Ohio. Branch to be established at Clarendon Avenue, S.W., and Sixth Street, S.W., Canton, Stark County. 4 The Cortland Savings and Banking Company, Cortland, Ohio. Branch to be established at Sharon-Warren Road, Vienna, Trumbull County, 7 Security Bank and Trust Company, Southgate, Michigan. Branch to be established at the northwest corner of Rawsonvilie Road and Grove Road, Ypsilanti Township, Washtenaw County. 7 Wayne Bank, Wayne, Michigan. Branch to be established at 41652 Ford Road (Canton Township) Plymouth, Michigan. 12 * To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received Manufacturers Hanover Trust Company, New York New York, Branch to be established at 984 North Broadway, City of Yonkers, Westchester County. United California Bank, Los Angeles, California. Branch to be established at southeast corner of intersection of Bernardo Center Drive and Rancho Bernardo Road, City and County of San Diego. Application approved by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1971 No. 45 -3- Approved ^Central Trust Company Rochester N.Y., Rochester, New York. Branch to be established on the ground floor of Seneca Building on East side of Clinton Avenue South, Rochester, Monroe County. 2 2 ^Marine Midland Bank-Central, Syracuse, New York. Branch to be established in the immediate neighborhood of the intersection of East Circle Drive and U.S. Highway No. 11 (Brcwerton Road) unincorporated,area Town of Cicero, Onondaga County. 2 -The County Trust Company, White Plains, New York. Branch to be established in the immediate vicinity of the intersection of State Routes 100 and 202, Village of Somers (unincorporated area), Town of Somers, Westchester County. 7 *Ann Arbor Bank, Ann Arbor, Michigan. Branch to be established at South Street at Waters Road, Ann Arbor, Washtenaw County, 7 *01d Kent Bank and Trust Company, Grand Rapids, Michigan. Branch to be established at 1319 Michigan Street, N.E., Grand Rapids. 12 ''Union Bank, Los Angeles, California. Branch to be established in the vicinity of the southwest corner of Century and La Cienega Boulevards, City and County of Los Angeles. * -k * * To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act Received First National City Overseas Investment Corporation, New York, New York. Branch to be established in San Juan, Puerto Rico. North Carolina National Bank, Charlotte, North Carolina. Branch to be established in London, England. National Bank of Detroit, Detroit, Michigan. Branch to be established in Frankfurt, the Federal Republic of Germany. * Application approved by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2 1971 No. 45 2 11 11 -4- To Organize, or Invest in, a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 25 or 25(a) of the Federal Reserve Act Received Morgan Guaranty Trust Company, New York, New York, To establish a corporation to be known as Morgan Guaranty International Bank of San Francisco, San Francisco, California. Approved Bank of America National Trust and Savings Association, San Francisco, California, to establish a corporation to be known as Bank of America International of Texas, Houston, Texas. First National City Bank, New York, New York. To establish a corporation to be known as Bank of America Intemationl of Texas, Houston, Texas. •k k 7 ~k "k To Merger Pursuant to Section 18(c) of the Federal Deposit Insurance Act Received HTS Bank, Chicago, Illinois, for prior approval to merge Harris Trust and Savings Bank, Chicago, Illinois, under the charter and title of Harris Trust and Savings Bank. 10-28-71 H.2 1971 No. 45 1 7 7 12 7 -5To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Received First Bancorp of N.H, , Inc., Exeter, New Hampshire, for prior approval to acquire at least 80 per cent of the voting shares of The Exeter Banking Company, Exeter, New Hampshire. Mid-America Fidelity Corporation, Ann Arbor, Michigan, for prior approval to acquire 80 per cent or more of the outstanding shares of Ann Arbor Bank, Ann Arbor, Michigan. Approved Southeastern Michigan Holding Company, Southgate, Michigan, for prior approval to acquire 80 per cent or more of the voting shares of Security Bank and Trust Company, Southgate, Michigan. San Diego Financial Corporation, San Diego, Callfornia, for prior approval to acquire substantially all of the voting shares of San Diego Trust & Savings Bank, San Diego, California. Denied The Grand Banks Corporation, Milwaukee, Wisconsin, for prior approval to acquire 80 per cent or more of the voting shares of Bank of North Lake, North Lake, Wisconsin. * -k Vc * 7 1 5 11-4-71 To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 Received Brenton Banks, Inc., Des Moines, Iowa, for prior approval to acquire 99 per cent of the voting shares of Brenton Bank and Trust Company of Cedar Rapids, Cedar Rapids, Iowa, a proposed new bank. Approved Shorebank, Inc., Quincy, Massachusetts, for prior approval to acquire 80 per cent or more of the voting shares of Attleboro Trust Company, Attleboro, Massachusetts. First Virginia Bankshares Corporation, Arlington, Virginia, for prior approval to acquire 100 per cent of the voting shares of the successor by merger to The Bank of Westmoreland, Colonial Beach, Virginia. 11-2-71 11-5-71 Approved continued First Virginia Bankshares Corporation, Arlington, Virginia, for prior approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of First Commercial Bank, Orange, Virginia, a proposed new bank. First National Charter Corporation, Kansas City, Missouri, for prior approval to acquire 80 per cent or more of the voting shares of The North Side Bank, Jennings, Missouri. First Security National Corporation, Beaumont, Texas for prior approval to acquire as an incident to its merger with its affiliate First Beaumont Corporation, 37.5 per cent of the voting shares of Gateway National Bank of Beaumont, Beaumont, Texas. First Security National Corporation, Beaumont, Texas for prior approval to acquire as an incident to its merger with its affiliate First Beaumont Corporation, 24 per cent of the voting shares of The Village State Bank, Beaumont, Texas. First Security National Corporation, Beaumont, Texas for prior approval to acquire as an incident to its merger with its affiliate First Beaumont Corporation, 56.95 per cent or more of the voting shares of Sour Lake State Bank, Sour Lake, Texas. First Security National Corporation, Beaumont, Texas for prior approval to acquire as an incident to its merger with its affiliate First Beaumont Corporation, 51 per cent or more of the voting shares of Peoples State Bank of Kountze, Kountze, Texas. To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Received Charter New York Corporation, New York, New York notification of intent to engage in a de novo activity (leasing of personal property and equipment, making or acquiring for its own account or for the account of others, loans and other extensions of credit with respect to personal property and equipment, acting as agent, broker and advisor in connection with such leases, servicing such loans or other extensions of credit and activities incidental thereto) through a newly created subsidiary to be known as Charter New York Leasing Corporation, New York, New York. Correction: First Pennsylvania Corporation, Philadelphia, Pennsylvania, gave notice that on October 1, 1971, they acquired two offices and $25,600 of assets from Central Loans, Inc., Lexington, Mississippi, through a subsidiary, Industrial Finance & Thrift Corporation, New Orleans, Louisiana (Erroneously reported on H.2 No. 44 under Section 4(c)(12)). First Chicago Corporation, Chicago, Illinois, for prior approval to engage in a <ie novo activity involving the leasing of real and personal property to McDonald's Corporation, Chicago, Illinois, through First Chicago Leasing Corporation, Chicago, Illinois, a subsidiary. Mid-America Fidelity Corporation, Ann Arbor, Michigan, for prior approval to acquire 100 per cent of the outstanding common stock of Ann Arbor Trust Company, Ann Arbor, Michigan. Boatmen's Bancshares, Inc., St. Louis, Missouri, for prior approval to acquire 100 per cent of the voting shares of Williams, Kurrus and Co., St. Louis, Missouri. First Tulsa Bancorporation, Inc., Tulsa, Oklahoma, for prior approval to acquire 100 per cent of the" issued and outstanding capital stock of Hall Investment Company, Tulsa, Oklahoma. H.2 1971 No. 45 12 12 1 Received continued Washington Bancshares, Inc., Spokane, Washington, notification of intent to engage in the following de novo activities (making or acquiring for its own account or for the account of others, loans and other extensions of credit secured by real estate mortgages or deeds of trust, and the servicing of such loans, and such other activities as are incidental to the operation of real estate mortgage company, including but not limited to acting as agent or broker for the sale of group life and casualty insurance to be issued in connection with making or acquiring such loans) through a subsidiary known as Bancshares Mortgage Company, Spokane, Washington. Zions Utah Bancorporation, Salt Lake City, Utah, notification of intent to engage in a de novo activity (the operation of an industrial bank under laws of the State of Colorado) through a subsidiary known as First Industrial Bank, Longmont, Colorado. Permitted** Hartford National Corporation, Hartford, Connecticut, to engage in a de novo activity (acting as investment or financial advisor) through a newly-formed subsidiary, HNC Realty Advisers, Inc., Westport, Connecticut. 11-1-71 11-3-71 11-5-71 1 Hartford National Corporation, Hartford, Connecticut, to engage in a de novo activity (acting as investment or financial advisor through a newly-formed subsidiary, Hartford Financial Corporation, Hartford, Connecticut. 11-5-71 7 Conill Corporation, Chicago, Illinois, to engage in a de novo activity (acting as investment advisor and manager of Continental Illinois Properties, a newly-formed Los Angeles-based real estate investment trust)through a subsidiary known as Continental Illinois Properties Advisors, Inc., Los Angeles, California. 11-3-71 **Processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H. 2 1971 No. 45 9 6 -9- To Expand a Bank Holding Company Pursuant to Section 4(c)(12)of the Bank Holding Company Act of 1956 Received Minnesota Mining and Manufacturing Company, St. Paul Minnesota, notifiication of intent to acquire assets of United State Extruded Vinyl Products, Inc., Sun Valley, California. Permitted** Gulf Union Corporation, Baton Rouge, Louisiana, to acquire shares of Arkansas Holding Company, Baton Rouge, Louisiana. 11-2-71 11-2-71 6 The Charter Company, Jacksonville, Florida, to acquire shares of Milbo Investments, Inc., Jacksonville, Florida. 11-6-71 7 Montgomery Ward & Co., Inc., Chicago, Illinois, to acquire assets of the Yard-Man Division of Leisure Group, Inc., in Jackson, Michigan and Sullivan, Illinois. 11-5-71 Trans-World Financial Company, Beverly Hills, California, to acquire up to 100 per cent of the permanent voting stock of Mountain Savings and Loan Association, Boulder, Colorado. 11-1-71 12 Reprocessed by Reserve Bank on behalf of the Board of Governors under delegated authority.
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