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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1980 No. 45) 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 R e p o r t s Received During t h e Week Ending November 8, 1980 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Nonmember d e p o s i t o r y i n s t i t u t i o n s , t h e Board w i l l permit Reserve Banks to open c l e a r i n g a c c o u n t s f o r nonmember depository i n s t i t u t i o n s for settlement purposes beginning November 13, 1980 r a t h e r than when p r i c i n g f o r s e r v i c e s i s implemented. The Board announced t h e appointment of Laura M. Homer as S e c u r i t i e s Credit O f f i c e r . Chicago L a S a l l e N a t i o n a l Bank, Chicago, I l l i n o i s , t o a c c e p t commerc i a l d r a f t s or b i l l s of exchange up to 100 p e r c e n t of i t s p a i d - u p and unimpaired c a p i t a l s t o c k and s u p l u s . \ J New York Long I s l a n d T r u s t Company, Garden C i t y , New York, to accept commercial d r a f t s o r b i l l s of exchange up to 100 p e r c e n t of i t s p a i d - u p and unimpaired c a p i t a l s t o c k and s u r p l u s . V Atlanta Alabama B a n c o r p o r a t i o n , Birmingham, Alabama, e x t e n s i o n of time t o December 15, 1980, w i t h i n t*iich to a c q u i r e C i t i z e n s Bank & T r u s t Company, A l a b a s t e r , Alabama. JL/ Chicago A s t o r i a I n v e s t m e n t Company, A s t o r i a , I l l i n o i s , e x t e n s i o n of time to J a n u a r y 1, 1981, w i t h i n which to 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 100 p e r c e n t of t h e v o t i n g s t o c k of Farmers S t a t e Bank of A s t o r i a , I l l i n o i s . v Kansas C i t y Banc s h a r e s of Woodward, I n c . , Woodward, Oklahoma, e x t e n s i o n of time t o November 15, 1980, w i t h i n which to consummate t h e a c q u i s i t i o n of The Bank of Woodward, Oklahoma. \ j 1J A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. H . 2 , 1980 No. 45 - 2 - ACTIONS OF THE BOARD-Continued Atlanta Bay B a n c o r p o r a t i o n , I n c . , R i v e r v i e w , F l o r i d a , e x t e n s i o n of time to F e b r u a r y 19, 1981, w i t h i n v*iich to become a bank h o l d i n g company by a c q u i r i n g 89.51 p e r c e n t of Bank of Riverview, Riverview, F l o r i d a . \ J Atlanta E l l i s Banking C o r p o r a t i o n , B r a d e n t o n , F l o r i d a , e x t e n s i o n of time t o F e b r u a r y 4 , 1981, to a c q u i r e 51 p e r c e n t o r more of the o u t s t a n d i n g v o t i n g s h a r e s of American Bank of L a k e l a n d , Lakeland, F l o r i d a . 1/ Dallas F i r s t N a t i o n a l Bancorp, I n c . , S h r e v e p o r t , L o u i s i a n a , e x t e n sion of time to F e b r u a r y 16, 1981, w i t h i n vriiich to c o n summate the a c q u i s i t i o n of The F i r s t N a t i o n a l Bank of S h r e v e p o r t , S h r e v e p o r t , L o u i s i a n a . JL/ Chicago F i r s t S c h i l l e r Bancorp, I n c . , S c h i l l e r P a r k , I l l i n o i s , e x t e n sion of time t o J a n u a r y 24, 1981, w i t h i n d i i c h to become a bank h o l d i n g company through the a c q u i s i t i o n of 80 p e r cent o r more of t h e v o t i n g s h a r e s of F i r s t N a t i o n a l Bank of S c h i l l e r P a r k , S c h i l l e r P a r k , I l l i n o i s . \ J Chicago FIRST STATE FINANCIAL CORPORATION, East D e t r o i t , Michigan, e x t e n s i o n of time to F e b r u a r y 9, 1981, w i t h i n which to 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 F i r s t S t a t e Bank of E a s t D e t r o i t , E a s t D e t r o i t , Michigan. 1/ Chicago FNB B a n c o r p . , I n c . , Chicago H e i g h t s , I l l i n o i s , e x t e n s i o n of time to F e b r u a r y 11, 1981, w i t h i n which to become a bank h o l d i n g company through a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s h a r e s of F i r s t N a t i o n a l Bank i n Chicago H e i g h t s , Chicago H e i g h t s , I l l i n o i s . JV Kansas C i t y Mountain H o l d i n g , I n c . , A u r o r a , C o l o r a d o , e x t e n s i o n of t i m e to November 30, 1980, w i t h i n which to consummate t h e a c q u i s i t i o n of J e f f e r s o n Bank E a s t , A u r o r a , Colorado. 1/ Chicago N a t i o n a l B a n c s h a r e s , I n c . , Melrose P a r k , I l l i n o i s , e x t e n s i o n of time t o J a n u a r y 14, 1981, w i t h i n trtiich to become a bank h o l d i n g company through the a c q u i s i t i o n of 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 Melrose Park N a t i o n a l Bank, Melrose P a r k , I l l i n o i s . 1/ 17 A p p l i c a t i o n processed on b e h a l f of the Board of Governors under d e l e g a t e d authority. H.2, 1980 No. 45 - 3 ACTIONS OF THE BOARD-Continued Atlanta P e a c h t r e e B a n c s h a r e s , I n c . , A t l a n t a , G e o r g i a , e x t e n s i o n of time t o J a n u a r y 9, 1981, w i t h i n vrtiich to 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 P e a c h t r e e Bank and T r u s t Company, A t l a n t a , G e o r g i a . If Atlanta Persons Banking Company, I n c . , F o r s y t h , G e o r g i a , e x t e n s i o n of time t o J a n u a r y 31, 1981, w i t h i n vdiich to become a bank h o l d i n g comapny by a c q u i r i n g Farmers Bank, F o r s y t h , Georgia and The P e o p l e s Bank, L i t h o n i a , G e o r g i a . Atlanta P r o g r e s s i v e Bancshares C o r p o r a t i o n , Houma, L o u i s i a n a , e x t e n sion of time t o F e b r u a r y 5, 1981, w i t h i n v*iich to c o n summate the o r d e r g r a n t i n g a p p r o v a l f o r i t to a c q u i r e P r o g r e s s i v e Bank and T r u s t Company, Houma, L o u i s i a n a . If Minneapolis S e c u r i t y S t a t e Agency of A i t k i n , I n c . , A i t k i n , Minnesota, e x t e n s i o n of t i m e w i t h i n vrtiich to consummate t h e a c q u i s i t i o n of S e c u r i t y S t a t e Bank of A i t k i n , A i t k i n , Minnesota. \ j Atlanta T r u s t Company of G e o r g i a , A t l a n t a , G e o r g i a , e x t e n s i o n of time to J a n u a r y 13, 1981, w i t h i n which to a c q u i r e 80 p e r cent of F i r s t N a t i o n a l Bank of McDonough, McDonough, G e o r g i a . 1/ Chicago Davenport Bank and T r u s t Company, Davenport, Iowa, an i n v e s t ment i n bank p r e m i s e s . If Chicago S p r i n g f i e l d Marine Bank, S p r i n g f i e l d , I l l i n o i s , an a d d i t i o n a l investment i n bank p r e m i s e s . \ j Chicago I s s u a n c e of a s u b o r d i n a t e d c a p i t a l n o t e by Wayne Bank, Wayne, Michigan. JL/ Atlanta T e r m i n a t i o n of r e g i s t r a t i o n f o r Mutual P r o d u c t i o n C r e d i t A s s o c i a t i o n , D u b l i n , G e o r g i a . If New York BT N a t i o n a l Bank, Albany, New York, p r o p o s a l t o merge Bankers T r u s t of Binghamton, Binghamton, New York; r e p o r t to t h e C o m p t r o l l e r of the Currency on c o m p e t i t i v e f a c t o r s . J 7 New York B u f f a l o S a v i n g s Bank, B u f f a l o , New York, p r o p o s a l t o merge Jamestown Savings and Loan A s s o c i a t i o n , Jamestown, New York; r e p o r t t o t h e F e d e r a l 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/ If A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. H . 2 , 1980 No. 45 - 4 ACTIONS OF THE BOARD-Continued Chicago F i r s t N a t i o n a l Bank of D e c a t u r , D e c a t u r , I l l i n o i s , f o r p r i o r a p p r o v a l to merge with T h i r d N a t i o n a l Bank of D e c a t u r , D e c a t u r , I l l i n o i s , under the c h a r t e r and t i t l e of The F i r s t N a t i o n a l Bank of D e c a t u r , D e c a t u r , I l l i n o i s ; r e p o r t to the C o m p t r o l l e r of the Currency on c o m p e t i t i v e f a c t o r s . 1/ New York Greenwich Savings Bank, New York, New York, p r o p o s a l t o merge Guardian F e d e r a l Savings and Loan A s s o c i a t i o n , Northp o r t , New York; r e p o r t to the F e d e r a l D e p o s i t I n s u r a n c e 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 San Francisco H e r i t a g e Merger C o r p o r a t i o n , Anaheim, C a l i f o r n i a , proposed merger with and i n t o H e r i t a g e Bank, Anaheim, C a l i f o r n i a , under the t i t l e and c h a r t e r of the l a t t e r ; r e p o r t to the F e d e r a l 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/ San Francisco PVB F i n a n c i a l C o r p o r a t i o n , San J o s e , C a l i f o r n i a , proposed merger with and i n t o P a c i f i c V a l l e y Bank, San J o s e , C a l i f o r n i a ; r e p o r t to the F e d e r a l D e p o s i t I n s u r a n c e Corporat i o n on c o m p e t i t i v e f a c t o r s . \J Dallas S c h r e i n e r Bank, K e r r v i l l e , T e x a s , proposed merger w i t h F i r s t S c h r e i n e r Bank, K e r r v i l l e , Texas; r e p o r t to t h e F e d e r a l D e p o s i t I n s u r a n c e 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/ San Francisco S e a t t l e F i r s t N a t i o n a l Bank, S e a t t l e , Washington, proposed merger of two branches of S e a t t l e F i r s t w i t h R a i n i e r N a t i o n a l Bank, S e a t t l e , Washington; r e p o r t to t h e C o m p t r o l l e r 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/ Chicago Suburban N a t i o n a l Bank of Elk Grove V i l l a g e , El Grove V i l l a g e , I l l i n o i s , f o r p r i o r approval t o merge w i t h Elk Grove N a t i o n a l Bank, Elk Grove V i l l a g e , I l l i n o i s , under t h e c h a r t e r and t i t l e of Suburban N a t i o n a l Bank of Elk Grove V i l l a g e , I l l i n o i s ; r e p o r t to t h e C o m p t r o l l e r of t h e C u r r e n c y on comp e t i t i v e f a c t o r s . 1/ Chicago Suburban N a t i o n a l Bank of P a l a t i n e , P a l a t i n e , I l l i n o i s , f o r p r i o r a p p r o v a l t o merge w i t h Subpal N a t i o n a l Bank, P a l a t i n e , I l l i n o i s , under t h e c h a r t e r and t i t l e of Suburban N a t i o n a l Bank of P a l a t i n e , P a l a t i n e , I l l i n o i s ; r e p o r t to t h e Compt r o l l e r 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/ 17 A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. H . 2 , 1980 No. 45 - 5 ACTIONS OF THE BOARD-Continued Chicago Suburban N a t i o n a l Bank of W o o d f i e l d , Schaumburg, I l l i n o i s , f o r p r i o r approval to merge w i t h Woodfield N a t i o n a l Bank, Schaumburg, I l l i n o i s , under the c h a r t e r and t i t l e of Suburban N a t i o n a l Bank of W o o d f i e l d , Schaumburg, I l l i n o i s ; r e p o r t to the C o m p t r o l l e r of the Currency on c o m p e t i t i v e factors. J7 Dallas White Rock Bank of D a l l a s , D a l l a s , T e x a s , proposed merger with New White Rock Bank, D a l l a s , Texas; r e p o r t to t h e F e d e r a l 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/ Boston York County Savings Bank, B i d d e f o r d , Maine, proposed c o n s o l i d a t i o n w i t h Brunswick Savings I n s t i t u t i o n , Brunswick, Maine; r e p o r t to the F e d e r a l D e p o s i t I n s u r a n c e Corporat i o n on c o m p e t i t i v e f a c t o r s . 1/ 17 A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g t e d authority. H. 2 , 1980 No. 45 - 6 - 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 Philadelphia Approved Girard 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 the Smith K l i n e B u i l d i n g , 1500 S p r i n g Garden S t r e e t , P h i l a d e l p h i a , P e n n s y l v a n i a . 1/ & 2/ * * * * * 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 Kansas C i t y Approved American Bank of Wheatland, Wheatland, Wyoming. 1/ & 2_l Dallas F i r s t a t e Bank, A b i l e n e , T e x a s . IJ & 2/ A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t ments and Other Actions P u r s u a n t to S e c t i o n s 25 and 25(a) of the 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 Boston JJ 2/ Approved Boston O v ers eas F i n a n c i a l C o r p o r a t i o n , Boston, M a s s a c h u s e t t s : g r a n t s p e r m i s s i o n to amend t h e f o l l o w i n g A r t i c l e s of Assoc i a t i o n : 1) A r t i c l e " N i n t h " to i n c r e a s e t h e number of Edge d i r e c t o r s from t e n to f i f t e e n and t o change the quorum r e q u i r e m e n t s f o r m e e t i n g s of E d g e ' s Board of D i r e c t t o r s from a m a j o r i t y to not l e s s than 40 p e r c e n t ; 2) A r t i c l e A p p l i c a t i o n processed on b e h a l f of the Board of Governors under d e l e g a t e d authority. A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H.2, 1980 N o . 4 5 - 7 ACTIONS OF THE BOARD-Continued " T e n t h " t o p r o v i d e f o r ownership of a m a j o r i t y of E d g e ' s s h a r e s by an i n s t i t u t i o n approved by t h e Board of Governors and 3) A r t i c l e " T w e l f t h " t o add t h e words " f o r t h a t " a f t e r t h e words " d u l y c a l l e d " . Chicago Bank of I n d i a n a , N a t i o n a l A s s o c i a t i o n , M e r r i l I v i l l e , I n d i a n a : g r a n t s c o n s e n t t o purchase and h o l d , d i r e c t l y or i n d i r e c t l y , an a d d i t i o n a l 5 p e r c e n t of the s h a r e s of Banque I n d i a n a ( S u i s s e ) S.A. , Lausanne, S w i t z e r l a n d . * * * * * To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956 Atlanta Approved CCB C o r p . , A t l a n t a , G e o r g i a , f o r a p p r o v a l to a c q u i r e 80 p e r cent of the v o t i n g s h a r e s of C l a y t o n County Bank, R i v e r d a l e , G e o r g i a . JL/ & 2 / Atlanta CDB C o r p . , A t l a n t a , G e o r g i a , f o r approval t o a c q u i r e 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 i z e n s DeKalb Bank, C l a r k s t o n , G e o r g i a . \J & 2J At l a n t a FBH Corp. , A t l a n t a , G e o r g i a , f o r a p p r o v a l to a c q u i r e 80 p e r cent of the v o t i n g s h a r e s of F i r s t C o r n e l i a C o r p o r a t i o n , C o r n e l i a , G e o r g i a , and i n d i r e c t l y F i r s t Bank of Habersham, C o r n e l i a , G e o r i g a . J J & 1/ Atlanta FCB Corp. , A t l a n t a , G e o r g i a , f o r a p p r o v a l to a c q u i r e 80 p e r cent of the v o t i n g s h a r e s of F i r s t Commercial Bank, B uford, G e o r g i a . J.J & 2/ Atlanta F i r s t Gwinnett B a n c s h a r e s , I n c . , L a w r e n c e v i l l e , G e o r g i a , f o r a p p r o v a l to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of F i r s t N a t i o n a l Bank of Gwinnett County, Lawrencevil l e , G e o r g i a . 1/ & 2/ 1/ 2J A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. A p p l i c a t i o n s u b j e c t to Community Reinvestment Act. The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H . 2 , 1980 No. 45 - 8 ACTONS OF THE BOARD-Continued Atlanta FMB C o r p . , A t l a n t a , G e o r g i a , f o r approval t o a c q u i r e 80 p e r cent of t h e v o t i n g s h a r e s of Farmers & Merchants Bank, Suramerville, G e o r g i a . If & If Atlanta Roswell B a n c s h a r e s , A t l a n t a , G e o r g i a , for a p p r o v a l to a c q u i r e 80 p e r c e n t of the v o t i n g s h a r e s of Roswell Bank, R o s w e l l , G e o r g i a . JJ & 2/ Atlanta TGB C o r p . , A t l a n t a , G e o r g i a , f o r approval to a c q u i r e 80 p e r cent of t h e v o t i n g s h a r e s of The Gordon Bank, Gordon, G e o r g i a . If & 2J Chicago CENTRAL TRUST INVESTMENT, INC., Cherokee, Iowa, f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of C e n t r a l T r u s t and Savings Bank, Cherokee, Iowa. If & 2/ Chicago RUTHVEN INVESTMENT, LTD., Ruthven, Iowa, f o r a p p r o v a l to a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of Ruthven S t a t e Bank, Ruthven, Iowa. If & 7j Minneapolis Waubun B a n c s h a r e s , I n c . , Waubun, Minnesota, f o r approval to a c q u i r e 8 1 . 0 percent of t h e v o t i n g s h a r e s of Farmers S t a t e Bank of Waubun, I n c o r p o r a t e d , Waubun, M i n n e s o t a . If & 2/ Minneapolis Western Development, I n c . , Bozeman, Montana, f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of Western Bank of Bozeman, Bozeman, Montana. 1/ & 2/ Kansas C i t y Brunswick B a n c s h a r e s , I n c . , Brunswick, N e b r a s k a , f o r approval to a c q u i r e 82 percent of t h e v o t i n g s h a r e s of Brunswick S t a t e Bank, Brunswick, N e b r a s k a . J J & 2/ Kansas C i t y Farmers B a n c s h a r e s , I n c . , Nebraska C i t y , N e b r a s k a , f o r app r o v a l t o a c q u i r e 9 9 . 8 p e r c e n t of the v o t i n g s h a r e s of Farmers Bank, Nebraska C i t y , Nebraska. _1/ & If Kansas C i t y Farmers & Stockmens B a n c o r p o r a t i o n , C l a y t o n , New Mexico, f o r a p p r o v a l to a c q u i r e 80 percent o r more of t h e v o t i n g s h a r e s of Farmers and Merchants Bank of C l a y t o n , C l a y t o n , New Mexico. 1/ & 2/ 1/ ~~ 2/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H.2, 1980 No. 45 - 9 ACTIONS OF THE BOARD-Continued Kansas C i t y F i r s t Bancshares of Muskogee, I n c . , Muskogee, Oklahoma, f o r a p p r o v a l to a c q u i r e 91.99 percent of t h e v o t i n g s h a r e s of F i r s t of Muskogee C o r p o r a t i o n , Muskogee, Oklahoma and i n d i r e c t l y a c q u i r e The F i r s t N a t i o n a l Bank and T r u s t Company of Muskogee, Muskogee, Oklahoma. \J & 7J Kansas C i t y F i r s t B a n k Holding Company of C o l o r a d o , Lakewood, C o l o r a d o , for 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 the v o t i n g s h a r e s of F i r s t B a n k Holding Company, Lakewood, Colorado and i n d i r e c t l y 100 p e r c e n t ( 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 F i r s t Bank of West l a n d , N a t i o n a l A s s o c i a t i o n , Lakewood, Colorado; F i r s t B a n k of Wheat Ridge, N a t i o n a l A s s o c i a t i o n , Wheat Ridge, C o l o r a d o ; F i r s t B a n k of V a i l , V a i l , C o l o r a d o ; F i r s t B a n k of North Longmont, N a t i o n a l A s s o c i a t i o n , Longmont, Colorado; F i r s t B a n k of Academy P a r k , Lakewood, C o l o r a d o ; F i r s t B a n k of G u n b a r r e l , N a t i o n a l A s s o c i a t i o n , Boulder County (P.O. B o u l d e r ) , Colorado; F i r s t b a n k of C a s t l e Rock, N a t i o n a l A s s o c i a t i o n , C a s t l e Rock, Colorado; F i r s t B a n k of South Longmont, N a t i o n a l A s s o c i a t i o n , Longmont, C o l o r a d o ; F i r s t B a n k of West Arvada, N a t i o n a l A s s o c i a t i o n , Arvada, Colorado; F i r s t B a n k of Mint urn, Mint u r n , C o l o r a d o ; F i r s t bank of E r i e , E r i e , Colorado; F i r s t B a n k of V i l l a I t a l i a , N . A . , Lakewood, C o l o r a d o , a proposed new bank; and F i r s t B a n k of G o v e r n o r ' s Ranch, N . A . , Denver, Colorado, a proposed new b a n k . 2/ Kansas C i t y F i r s t J e n k s B a n c o r p o r a t i o n , I n c o r p o r a t e d , J e n k s , Oklahoma, f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of F i r s t N a t i o n a l Bank, J e n k s , Oklahoma. If & 2_/ Kansas C i t y McPherson County B a n c o r p . , I n c . , Canton, Kansas, f o r approval to a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of The Farmers S t a t e Bank & T r u s t Company, Canton, Kansas. If & 2/ Kasnas C i t y Ridgeway B a n c s h a r e s , I n c . , Ridgeway, M i s s o u r i , f o r approval t o a c q u i r e 98 p e r c e n t of the v o t i n g s h a r e s of The Farmers N a t i o n a l Bank of Ridgeway, Ridgeway, M i s s o u r i . If & 2/ Dallas A f f i l i a t e d C a p i t a l C o r p o r a t i o n , Atoka, Oklahoma, f o r approval to a c q u i r e 9 8 . 7 5 percent of t h e v o t i n g s h a r e s of F i r s t Bank i n Atoka, Atoka, Oklahoma. J 7 & If \J ~~ 2/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. A p p l i c a t i o n s u b j e c t to Community Reinvestment Act. The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to t h e l e n g t h of the comment p e r i o d . H . 2 , 1980 No. 45 — 10 — ACTIONS OF THE BOARD-Continued Dallas Citibank C o r p . , R i c h a r d s o n , T e x a s , f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of C i t i z e n s Bank, R i c h a r d son, T e x a s . 1/ & 2/ Dallas Peoples B a n c o r p o r a t i o n of Caddo, I n c . , B l a n c h a r d , L o u i s i a n a , for a p p r o v a l to a c q u i r e 80-100 percent of t h e v o t i n g s h a r e s of Republic Bank, B l a n c h a r d , L o u i s i a n a ( f o r m e r l y Peoples Bank and T r u s t C o . ) . 1/ & 2 / * * * * * To Expand a Bank Holding Company P u r s u a n t to S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956 New York Approved F i r s t N a t i o n a l S t a t e B a n c o r p o r a t i o n , Newark, New J e r s e y , 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 the v o t i n g s h a r e s of The Broadway N a t i o n a l Bank of Bayonne, Bayonne, New J e r s e y . It & 2/ St. Louis Landmark Bancshares C o r p o r a t i o n , C l a y t o n , M i s s o u r i , f o r app r o v a l to a c q u i r e 99 percent of t h e v o i t n g s h a r e s of Landmark Bank of S u n s e t t H i l l s , N . A . , Sunset H i l l s , M i s s o u r i , a proposed new bank. 1/ & 2J Kansas C i t y The American Bank C o r p o r a t i o n , Denver, Colorado, f o r approval to a c q u i r e 95 p e r c e n t of t h e v o t i n g s h a r e s of American Bank of C a s p e r , C a s p e r , Wyoming and 100 p e r c e n t of the v o t i n g s h a r e s of American Bank of Wheatland, Wheatland, Wyoming, a proposed new bank. 1/ & 2/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956 _ San Francisco If 2/ Returned I m p e r i a l Bancorp, Inglewood, C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o engage in t h e b u s i n e s s of a c t i n g as an accommodation party f o r s e l l e r s of r e a l e s t a t e who wish to e f f e c t delayed exchanges of A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d authority. A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvemtent O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H.2, 1980 No. 45 - 1 1 - ACTIONS OF THE BOARD-Continued t h e i r r e a l e s t a t e ) a t 9920 South La Cienga B o u l e v a r d , Inglewood, C a l i f o r n i a , through i t s s u b s i d i a r y , I m p e r i a l Exchange S e r v i c e s , I n c . ( 1 1 / 7 / 8 0 ) _3/ Kansas C i t y Approved Brunswick B a n c s h a r e s , I n c . , Brunswick, Nebraska, f o r approval t o a c q u i r e Brunswick I n s u r a n c e Agency, I n c . , Brunswick, Nebraska and t h e r e b y engage i n t h e s a l e of g e n e r a l i n s u r a n c e in a community of l e s s than 5,000 p o p u l a t i o n . JL/ Kansas C i t y Farmers & Stockmens B a n c o r p o r a t i o n , C l a y t o n , New Mexico, for a p p r o v a l to a c q u i r e Commerce Holding Company, C l a y t o n , New Mexico and i n d i r e c t l y a c q u i r e Commerce A g r i c u l t u r a l Loan Company and Union County Agency. JL/ Kansas C i t y F i r s t B a n k Holding Company of C o l o r a d o , Lakewood, Colorado, for approval to engage through The F i r s tBank Data C o r p o r a t i o n , Lakewood, Colorado in d a t a p r o c e s s i n g s e r v i c e s , i n i n s u r a n c e a c t i v i t i e s r e l a t e d to e x t e n s i o n s of c r e d i t by the s u b s i d i a r y banks and t o act as i n s u r a n c e agent f o r i t s s u b s i d i a r y banks. Kansas C i t y K. L. Klaumann Agency, I n c . , Haddam, Kansas, f o r approval to c o n t i n u e to engage i n g e n e r a l i n s u r a n c e agency a c t i v i t i e s in a community of l e s s t h a n 5 , 0 0 0 p o p u l a t i o n . JL/ Kansas C i t y S t . Louis \J 3/ Delayed United M i s s o u r i B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o engage i n mortgage banking a c t i v i t i e s ! to be l o c a t e d on the premises of United M i s s o u r i Bank of F e r g u s o n , Ferguson, M i s s o u r i , through i t s s u b s i d i a r y , United M i s s o u r i Mortgage Company ( 1 1 / 5 / 8 0 ) 3/ Reactivated T G B a n c s h a r e s C o . , S t . L o u i s , M i s s o u r i , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( p r o v i d i n g p o r t f o l i o investment advice to i n d i v i d u a l s , pension and p r o f i t - s h a r i n g plans and t r u s t s , f i n a n c i a l i n s t i t u t i o n s , g e n e r a l b u s i n e s s A p p l i c a t i o n processed on b e h a l f of the Board of Governors under d e l e g a t e d authority. 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) 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 , 1980 No. 45 - 12 ACTIONS OF THE BOARD-Continued c o r p o r a t i o n s , c h a r i t a b l e i n s t i t u t i o n s and e d u c a t i o n a l i n s t i t u t i o n s ) a t 3134 South Grand B o u l e v a r d , S t . L o u i s , M i s s o u r i , through i t s s u b s i d i a r y , Midwest Investment Advisory Services,, I n c . ( 1 1 / 3 / 8 0 ) 3/ New York Permitted C i t i c o r p , New York, New York, n o t i f i c a t i o n of i n t e n t to c o n s o l i d a t e two e x i s t i n g o f f i c e s of i t s s u b s i d i a r i e s , C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r (Utah) and C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l Center of Utah a t 4835 South Highland D r i v e , S a l t Lake C i t y , Utah and a t 2186 Highland D r i v e , S a l t Lake C i t y , Utah i n t o a s i n g l e o f f i c e to expand t h e s e r v i c e a r e a to i n c l u d e t h e c o u n t i e s of D a v i s , S a l t Lake, Tooele and Weber ( t h e f o l l o w i n g p r e v i o u s l y approved a c t i v i t i e s w i l l be conducted from t h e new l o c a t i o n : making o r a c q u i r 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 , s e c u r e d o r u n s e c u r e d , for consumer and o t h e r p u r p o s e s ; t h e p u r c h a s ing f o r i t s own account and s e r v i c i n g s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h o r d e c r e a s i n g o r l e v e l ( i n the case of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , a s r e q u i r e d ; t h e making of l o a n s to i n d i v i d u a l s and b u s i n e s s e s secured by r e a l and p e r s o n a l p r o p e r t y , t h e p r o c e e d s of which may be f o r p u r p o s e s o t h e r t h a n p e r s o n a l , f a m i l y o r household usage i n c l u d i n g , but n o t l i m i t e d t o , the e x t e n s i o n of loans to d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e o p e r a t i n g as an i n d u s t r i a l loan company; and t h e i s s u i n g of t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s a t 1178 Brickyard Road, S a l t Lake C i t y , Utah ( 1 1 / 1 / 8 0 ) 3/ Chicago Fennimore B a n c o r p o r a t i o n , I n c . , Fennimore, W i s c o n s i n , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n the s a l e of i n s u r a n c e in a town of l e s s than 5,000 p o p u l a t i o n ) through i t s wholly-owned s u b s i d i a r y , Fennimore Finance Co. ( 1 1 / 6 / 8 0 ) 3/ Chicago Midland Mortgage C o r p o r a t i o n , D e t r o i t , M i c h i g a n , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o engage in t h e o r i g i n a t i o n of mortgage l o a n s ) a t two b r a n c h e s l o c a t e d i n C l e a r w a t e r , F l o r i d a and Grand Rapids, Michigan, ( 1 1 / 3 / 8 0 ) 3/ 37 4 ( c ) ( 8 ) o r 4 ( ) ( 1 2 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . H.2, 1980 No. 45 - 1 3 ACTIONS OF THE BOARD-Continued S t . Louis T G Bancshares C o . , S t . L o u i s , M i s s o u r i , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( p r o v i d i n g p o r t f o l i o investment advice to i n d i v i d u a l s , p e n s i o n and p r o f i t s h a r i n g plans and t r u s t s , f i n a n c i a l i n s t i t u t i o n s , g e n e r a l b u s i n e s s c o r p o r a t i o n s , c h a r i t a b l e i n s t i t u t i o n s and educat i o n a l i n s t i t u t i o n s ) a t 3134 South Grand B o u l e v a r d , S t . L o u i s , M i s s o u r i , through a w h o l l y owned s u b s i d i a r y , Midwest I n v e s t m e n t Advisory S e r v i c e s , I n c . ( 1 1 / 4 / 8 0 ) 3/ San Francisco S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making o r a c q u i r i n g , f o r i t s own account o r f o r the account of o t h e r s , a s s e t - b a s e d b u s i n e s s loans and o t h e r commercial o r i n d u s t r i a l loans and 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 , r e d i s c o u n t or commercial f i n a n c e company) a t 2001 Midwest Road, Oak Brook, I l l i n o i s , through i t s i n d i r e c t s u b s i d i a r y , S e c u r i t y P a c i f i c F i n a n c e Corp. ( 1 1 / 8 / 8 0 ) 3/ San Francisco S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making o r a c q u i r i n g , f o r i t s own account or f o r the account of o t h e r s , loans and e x t e n s i o n s of c r e d i t i n c l u d i n g making consumer i n s t a l l m e n t p e r s o n a l 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 c o n t r a c t s , making loans to 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 or 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 the s a l e of c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r a n c e and c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e ) in Santa Ana, S a n t a Barbara and San B e r n a r d i n o , C a l i f o r n i a , through i t s wholly-owned 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 / 9 / 8 0 ) 3/ San Francisco U.S. Bancorp, P o r t l a n d , Oregon, n o t i f i c a t i o n of i n t e n t to engage i n 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 loans and o t h e r e x t e n s i o n s of c r e d i t e i t h e r secured o r unsecured for i t s own account o r f o r t h e a c count of o t h e r s i n c l u d i n g t h e making of consumer i n s t a l l ment 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 and r e a l e s t a t e s a l e s f i n a n c e c o n t r a c t s and e v i d e n c e s of d e b t and making consumer home e q u i t y loans secured by r e a l e s t a t e , making i n d u s t r i a l l o a n s ; and a c t i n g as i n s u r a n c e a g e n t with r e g a r d to 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 i n c o n n e c t i o n w i t h e x t e n s i o n s of c r e d i t by U.S. C r e d i t c o r p ) i n P o r t l a n d , Oregon, through i t s s u b s i d i a r y , U.S. C r e d i t c o r p ( 1 1 / 8 / 8 0 ) 3/ ~3j 4 ( c ) ( 8 ) o r 4 ( c ) ( 12) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . H . 2 , 1980 No. 45 - 14 APPLICATIONS RECEIVED To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 of t h e F e d e r a l Reserve Act Kansas C i t y American Bank of Commerce, Albuquerque, New Mexico. Branch to be e s t a b l i s h e d a t 400 S i l v e r Avenue, S.W. , Albuquerque, New Mexico. If Boston The C o n n e c t i c u t Bank and T r u s t Company, H a r t f o r d , C o n n e c t i c u t . Branch to be e s t a b l i s h e d i n Danbury, Connecticut. 2/ * * * * * To E s t a b l i s h an O v er s e a s Branch of a Member Bank P u r s u a n t t o S e c t i o n 25 of t h e F e d e r a l Reserve Act Dallas The American N a t i o n a l Bank of A u s t i n , A u s t i n , Texas: r e q u e s t s c o n s e n t to e s t a b l i s h an o f f - s h o r e branch in t h e Cayman I s l a n d s . * * * * * To O r g a n i z e , o r I n v e s t i n , a C o r p o r a t i o n Doing F o r e i g n Banking and Other F o r e i g n Fina nc ing P u r s u a n t t o S e c t i o n 25 o r 2 5 ( a ) of t h e F e d e r a l Reserve Act Cleveland Mellon Bank, N.A. , P i t t s b u r g h , P e n n s y l v a n i a : r e q u e s t s consent to e s t a b l i s h an Edge Act C o r p o r a t i o n i n Miami, F l o r i d a , t o be c a l l e d Mellon I n t e r n a t i o n a l Company. * * * * * To Form a Bank Holding Company P u r s u a n t to S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956 Atlanta 2/ C i t i z e n s Holding Company, Waverly, T e n n e s s e e , f o r approval to 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 C i t i z e n s Bank of Waverly, Waverly, T e n n e s s e e . 2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H . 2 , 1980 No. 45 - 1 5 APPLICATIONS RECEIVED-Cont inued Chicago IDA GROVE BANCSHARES, INC., Ida Grove, Iowa, f o r approval to a c q u i r e 95 p e r c e n t o r more of t h e v o t i n g s h a r e s of Ida County S t a t e Bank, I d a Grove, Iowa. 2/ Chicago Morning Sun Bank C o r p . , Morning Sun, Iowa, for a p p r o v a l t o a c q u i r e 9 9 . 3 p e r c e n t of the v o t i n g s h a r e s of Iowa S t a t e Bank, Morning Sun, Iowa. 2 / Minneapolis Valley B a n c s h a r e s , I n c . , K a l i s p e l l , Montana, f o r approval to a c q u i r e 8 9 . 8 percent of t h e v o t i n g s h a r e s of V a l l e y Bank of K a l i s p e l l , K a l i s p e l l , Montana. 2/ Kansas C i t y Burr Oak Banco, I n c . , Burr Oak, Kansas, for a p p r o v a l t o a c q u i r e a t l e a s t 9 0 . 8 p e r c e n t of the v o t i n g s h a r e s of The Burr Oak S t a t e Bank, Burr Oak, Kansas. 2/ Kansas C i t y F e d e r a t e d B a n c s h a r e s , I n c . , O t t e r v i l l e , M i s s o u r i , f o r app r o v a l to a c q u i r e 90.25 percent of t h e v o t i n g s h a r e s of The Bank of O t t e r v i l l e , O t t e r v i l l e , M i s s o u r i . 2/ Kansas C i t y Strong C i t y Banco, I n c . , L i n c o l n , Nebraska, for approval to a c q u i r e a t l e a s t 9 7 . 7 8 p e r c e n t of the v o t i n g s h a r e s of Strong C i t y S t a t e Bank, Strong C i t y , Kansas. 2 / Dallas Bantex B a n c s h a r e s , I n c . , H o u s t o n , Te xa s , f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of G r e a t e r n Houston Bank, Houston, T e x a s . 2./ Dallas F i r s t S t a t e B a n c o r p o r a t ion of C h i l d r e s s , I n c . , C h i l d r e s s , Texas, f o r a p p r o v a l t o a c q u i r e 80 p e r c e n t or more of the v o t i n g s h a r e s of The F i r s t S t a t e Bank, C h i l d r e s s , Texas, C h i l d r e s s , T e x a s . 2/ * * * * * To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956 Atlanta 2? Southwest F l o r i d a Banks, I n c . , F o r t Myers, F l o r i d a , for a p p r o v a l t o a c q u i r e a t l e a s t 85 p e r c e n t of the v o t i n g s h a r e s of Bank of R i v e r v i e w , R i v e r v i e w , F l o r i d a . 2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H . 2 , 1980 No. 45 — 16 — APPLICATIONS RECEIVED-Continued Chicago F i r s t American Bank C o r p o r a t i o n , Kalamazoo, Michigan, f o r a p p r o v a l to a c q u i r e 100 percent of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the s u c c e s s o r by c o n s o l i d a t i o n to The F i r s t N a t i o n a l Bank of Alger County a t M u n i s i n g , Munising, Michigan. 2/ Chicago I n d e p e n d e n t Bank C o r p o r a t i o n , I o n i a , Michigan, f o r app r o v a l t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of t h e s u c c e s s o r by c o n s o l i d a t i o n to The P e o p l e s Bank of L e s l i e , L e s l i e , Michigan. 2] Minrieapo l i s South Dakota B a n c s h a r e s , I n c . , P i e r r e , South Dakota, for 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 S u l l y County I n s u r a n c e Agency, Onida, South Dakota, a bank h o l d i n g company owning 54.7 p e r c e n t of S u l l y County Bank, Onida, South Dakota and to a c q u i r e d i r e c t l y 4 0 . 6 p e r c e n t of S u l l y County Bank. 2/ Dallas Republic of Texas C o r p o r a t i o n , D a l l a s , T e x a s , f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of The F i r s t N a t i o n a l Bank of Richmond, Richmond, T e x a s . 2 / * * * * * To Expand a Bank Holding Company P u r s u a n t to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956 New York 2/ C i t i c o r p , New York, New York, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( u n d e r w r i t i n g d i r e c t l y o r as 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 C i t i c o r p ' s lending s u b s i d i a r i e s ) in Arkansas, Connecticut, Delaware, I l l i n o i s , Iowa, Kansas, Kentucky, M a s s a c h u s e t t s , Michigan, M i n n e s o t a , New J e r s e y , North D a k o t a , Ohio, A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H . 2 , 1980 No. 45 - 17 APPLICATIONS RECEIVED-Continued P e n n s y l v a n i a , South C a r o l i n a , T e n n e s s e e , West V i r g i n i a , Wisconsin and t h e D i s t r i c t of Columbia, through i t s i n d i r e c t s u b s i d i a r y , Family Guardian L i f e I n s u r a n c e Company ( 1 1 / 5 / 8 0 ) 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, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i i t e s (making or a c q u i r i n g , f o r i t s own account o r f o r the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t such as would be made by a mortgage company; s e r v i c i n g any such loans and o t h e r e x t e n s i o n s of c r e d i t for any p e r s o n ; a c t i n g as agent o r b r o k e r , t h r o u g h an i n d i r e c t s u b s i d i a r y known as CMC I n s u r a n c e Agency, I n c . , for t h e s a l e of c r e d i t l i f e i n s u r a n c e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e r e l a t i n g t o such loans and o t h e r e x t e n s i o n s of c r e d i t ) a t 1819 South Dobson Road, Mesa, A r i z o n a , through i t s s u b s i d i a r y , M a n u f a c t u r e r s Hanover Mortgage C o r p o r a t i o n ( 1 1 / 5 / 8 0 ) 3f Richmond Maryland N a t i o n a l C o r p o r a t i o n , B a l t i m o r e , Maryland, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (commerc i a l l e n d i n g o p e r a t i o n s i n c l u d i n g , but n o t l i m i t e d t o , f i n a n c i n g of a c c o u n t s r e c e i v a b l e , i n v e n t o r i e s and o t h e r types of s e c u r e d and unsecured loans to commercial e n t e r p r i s e s ; s e r v i c i n g commercial loans f o r a f f i l i a t e d or nona f f i l i a t e d i n d i v i d u a l s , p a r t n e r s h i p s , c o r p o r a t i o n s or o t h e r e n t i t i e s ; and a c t i n g as a d v i s o r or b r o k e r in commercial l e n d i n g t r a n s a c t i o n s ) a t S u i t e 255, Murray F i n a n c i a l C e n t e r , 5580 LBJ Freeway, D a l l a s , Te xa s , t h r o u g h i t s s u b s i d i a r y , Maryland N a t i o n a l I n d u s t r i a l F i n a n c e Corporat i o n ( 1 1 / 6 / 8 0 ) 3/ Chicago IDA GROVE BANCSHARES, INC., I d a Grove, Iowa, f o r approval to a c q u i r e 50 percent of t h e v o t i n g s h a r e s of Ida County A g r i c u l t u r a l C r e d i t C o r p o r a t i o n , I d a Grove, Iowa. Chicago Suburban B a n c o r p , I n c . , P a l a t i n e , I l l i n o i s , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in m o r t gage b a n k i n g a c t i v i t i e s ) a t 50 North Brockway, P a l l a t i n e , I l l i n o i s , t h r o u g h a s u b s i d i a r y , Suburban Mortgage Corporat i o n ( 1 0 / 2 7 / 8 0 ) 3/ 37 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . H.2, 1980 No. 45 - 18 APPLICATIONS RECEIVED-Continued S t . Louis C i t i z e n s F i d e l i t y C o r p o r a t i o n , L o u i s v i l l e , Kentucky, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( l e a s i n g of p e r s o n a l p r o p e r t y and equipment and a c t i n g as a g e n t , broker or a d v i s e r in t h e l e a s i n g of such p r o p e r t y in a manner such t h a t the l e a s i n g would s e r v e as a f u n c t i o n a l e q u i v a l e n t of an e x t e n s i o n of c r e d i t ) in S t . L o u i s , M i s s o u r i , Western Kentucky and I l l i n o i s , through a subs i d i a r y , F i d e l i t y Leasing C o r p o r a t i o n ( 1 1 / 3 / 8 0 ) 3 / San Francisco S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own account o r f o r the account of o t h e r s , commercial loans and o t h e r e x t e n s i o n s of c r e d i t ) a t 14 Wall S t r e e t , New York, New York; 333 South Hope S t r e e t , Los A n g e l e s , C a l i f o r n i a ; 208 South La S a l l e S t r e e t , Chicago, I l l i n o i s ; Union T r u s t B u i l d i n g , 510 William Penn Way, P i t t s b u r g h , P e n n s y v l a n i a ; and 1 Commerce Square, Memphis, T e n n e s s e e , 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 C l e a r i n g & S e r v i c e s Corp. ( 1 1 / 3 / 8 0 ) 3/ San Francisco Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , not i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making o r a c q u i r i n g , loans o r o t h e r e x t e n s i o n s of c r e d i t i n c l u d i n g commercial loans secured by a b o r r o w e r ' s i n v e n t o r y , a c c o u n t s r e c e i v a b l e , o r o t h e r a s s e t s ; s e r v i c i n g loans in a c c o r d a n c e with t h e B o a r d ' s R e g u l a t i o n Y) a t 55 West Monroe, 11th F l o o r , Chicago, I l l i n o i s , through i t s subs i d i a r y , W e l l s Fargo B u s i n e s s C r e d i t ( 1 0 / 3 1 / 8 0 ) 3 / San Francisco Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , not i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making o r a c q u i r 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 i n c l u d i n g consumer i n s t a l l m e n t loans o r i g i n a t e d by o t h e r s and comm e r c i a l loans secured by a b o r r o w e r ' s o r a g u a r a n t o r ' s a s s e t s ; s e r v i c i n g loans for t h e account of o t h e r s ; making f u l l p a y - o u t l e a s e s of p e r s o n a l p r o p e r t y i n accordance with t h e B o a r d ' s R e g u l a t i o n Y; a c t i n g as agent for c r e d i t l i f e or a c c i d e n t and h e a l t h i n s u r a n c e r e l a t e d to i t s e x t e n - 37 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n p r o c e s s e d by 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 . I H . 2 , 1980 No. 45 - 1 9 APPLICATIONS RECEIVED-Cont inued s i o n s of c r e d i t ; and i n a c t i n g as agent f o r c r e d i t p r o p e r t y and c a s u a l t y i n s u r a n c e and a s s o c i a t e d l i a b i l i t y i n s u r a n c e r e l a t e d t o WFCC's e x t e n s i o n s of c r e d i t to the e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws or r e g u l a t i o n s ) i n Wheaton, Maryland and T y s o n ' s C o r n e r , V i r g i n i a , through i t s s u b s i d i a r y , Wells Fargo C r e d i t C o r p o r a t i o n ( 1 1 / 6 / 8 0 ) 3/ San Francisco Zions Utah B a n c o r p o r a t i o n , S a l t Lake C i t y , Utah, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n i n d u s t r i a l b a n k i n g , loan s e r v i c i n g , and c r e d i t r e l a t e d i n s u r a n c e a c t i v i t i e s ) i n P u e b l o , C o l o r a d o , through a wholly owned s u b s i d i a r y , Pueblo 1st I n d u s t r i a l Bank ( 1 1 / 6 / 8 0 ) 3/ * * * * * To Expand a Bank Holding Company P u r s u a n t to S e c t i o n 4 ( c ) ( 1 2 ) of t h e Bank Holding Company Act of 1956 Chicago STEEGO C o r p o r a t i o n , West Palm Beach, F l o r i d a , n o t i f i c a t i o n of i n t e n t to a c q u i r e c e r t a i n of the a s s e t s of South T r a i l Auto P a r t s , I n c . , F o r t Meyers, F l o r i d a ( 1 0 / 2 7 / 8 0 ) 3/ * * * * * REPORTS RECEIVED C u r r e n t Report F i l e d P u r s u a n t to S e c t i o n 13 of the S e c u r i t i e s Exchange Act The Roscommon S t a t e Bank, Roscommon, Michigan. * * * * * PETITIONS FOR RULEMAKING None. 37 4 ( c ) ( 8 ) o r 4 ( c ) (12) 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 .
@FedFRASER