The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( H . 2 , 1980 No. 41) 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 R e c e i v e d D u r i n g t h e Week Ending O c t o b e r 11, 1980 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Consumer A d v i s o r y C o u n c i l m e e t i n g s , O c t o b e r 3 0 - 3 1 , 1980. R e g u l a t i o n J , s u b p a r t A and s u b p a r t B, t h e Board a d o p t e d a c l a r i f i c a t i o n and s i m p l i f i c a t i o n of i t s R e g u l a t i o n J , which d e a l s w i t h R e s e r v e Bank p r o c e d u r e s f o r check c o l l e c t i o n and w i r e t r a n s f e r of f u n d s . C i t i c o r p , New York, New York, l e t t e r r e g a r d i n g p r o p o s e d a c t i v i t i e s t o be c o n d u c t e d i n t h e W a s h i n g t o n , D.C. and B a l t i m o r e , Maryland, m e t r o p o l i t a n a r e a s by C i t i c o r p F i n a n c i a l , I n c . , a c r e d i t c a r d s u b s i d i a r y of C i t i c o r p . G e n e r a l A c c o u n t i n g O f f i c e Report e n t i t l e d " I n t e r n a l A u d i t i n g Can be S t r e n g t h e n e d i n t h e F e d e r a l R e s e r v e S y s t e m " , l e t t e r s e n t to Chairman W i l l i a m P r o x m i r e , S e n a t e Banking Committee, e n c l o s i n g a copy of t h e B o a r d ' s r e s p o n s e t o t h e R e p o r t . Kansas C i t y C e n t r a l C o l o r a d o Company, D e n v e r , C o l o r a d o , e x t e n s i o n of time t o December 31, 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 C e n t r a l B a n c o r p o r a t i o n , D e n v e r , C o l o r a d o , a r e g i s t e r e d bank h o l d i n g company. 1 / Atlanta M a n u f a c t u r e r s B a n c s h a r e s , I n c . , Miami, F l o r i d a , e x t e n s i o n of t i m e t o November 1 5 , 1 9 8 0 , w i t h i n which to consummate t h e a c q u i s i t i o n of M a n u f a c t u r e r e s N a t i o n a l Bank, H i a l e a h , F l o r i d a . 1/ Kansas C i t y Midland F i n a n c i a l C o r p o r a t i o n , C a s p e r , Wyoming, e x t e n s i o n of t i m e t o J a n u a r y 1 1 , 1981, w i t h i n which to consummate t h e a c q u i s i t i o n of Mountain P l a z a N a t i o n a l Bank, C a s p e r , Wyoming. 1/ Kansas C i t y J a c k s o n S t a t e Bank, J a c k s o n , Wyoming, t o i n v e s t i n bank p r e m i s e s . 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 u n d e r d e l e g a t e d authority. H.2, 1980 No. 41 2 - ACTIONS OF THE BOARD-Continued New York Long I s l a n d T r u s t Company, Garden C i t y , New York, t o make an a d d i t i o n a l i n v e s t m e n t i n bank p r e m i s e s . 1/ Philadelphia Orrstown Bank, O r r s t o w n , P e n n s y l v a n i a , t o make an a d d i t i o n a l investment i n bank p r e m i s e s . 1/ New York S t a t e Bank of Albany, Albany, New York, e x t e n s i o n of time w i t h i n which to e s t a b l i s h a branch o f f i c e a t 1450 Western Avenue, Albany, New York. 1 / Atlanta Sun Bank of O c a l a , O c a l a , F l o r i d a , to make an a d d i t i o n a l i n vestment i n bank p r e m i s e s . 1 / San Francisco BSD Merger Company, San Diego, C a l i f o r n i a , proposed merger w i t h and i n t o t h e Bank of San Diego, C a l i f o r n i a ; 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 competi t i v e factors .1/ Richmond C e n t r a l C a r o l i n a Bank & T r u s t Company, Durham, North C a r o l i n a , proposed merger w i t h B u r l i n g t o n N a t i o n a l Bank, Bur l i n g t o n , North C a r o l i n 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 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 . 1J Atlanta F u l t o n N a t i o n a l Bank of A t l a n t a , A t l a n t a , G e o r g i a , proposed merger w i t h The N o r t h e a s t Commercial Bank, D o r a v i l l e , Georgia; 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/ San Francisco Independence Bank, E n c i n o , C a l i f o r n i a , proposed merger w i t h H a l i f a x F i n a n c i a l H o l d i n g s , I n c . , Enc ino, 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 C o r p o r a t i o n on competitive f a c t o r s . V Bos t o n N a t i o n a l Bank of Newbury a t W e l l s R i v e r , Wells R i v e r , Vermont, proposed a c q u i s i t i o n of a s s e t s and assumption of l i a b i l i t i e s by Wells R i v e r Savings Bank, Wells R i v e r , Vermont; 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/ Chicago P e o p l e s S t a t e Bank of S t . J o s e p h , S a i n t J o s e p h , Michigan, p r o p o s a l t o merge w i t h The F i r s t N a t i o n a l Bank of W a t e r v l i e t , Michigan, under t h e c h a r t e r and t i t l e of The Peoples S t a t e Bank of S t . J o s e p h , S a i n t J o s e p h , Michigan; 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/ T7 A p p l i c a t i o n p r o c e s s e d on behalf of the Board of Governors under d e l e g a t e d authority. • H.2, 1980 No. 41 - 3 ACTIONS OF THE BOARD-Continned San Francisco P l a c e r Bank, R o c k l i n , C a l i f o r n i a , proposed merger w i t h and i n t o Bank of Alex Brown, Walnut Grove, 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 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/ Atlanta S t . P e t e r s b u r g Bank and T r u s t Company, S t . P e t e r s b u r g , F l o r i d a , proposed merger w i t h Rutland C e n t r a l Bank, S t . P e t e r s b u r g , F l o r i d a and C e n t r a l P l a z a Bank and T r u s t Company, S t . P e t e r s b u r g , F l o r i d a ; 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 / Philadelphia Suburban Bank, E a s t N o r r i t o n Township, P e n n s y l v a n i a , proposed merger w i t h American Bank and T r u s t Co. of P a . , R e a d i n g , P e n n s y l v a n i a , under t h e c h a r t e r and t i t l e of American Bank and T r u s t Co. of P a . ; 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 ance 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 l7 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 d e l e g a t e d authority. H . 2 , 1980 No. 41 — 4 — ACTIONS OF THE BOARD-Contlnued To E s t a b l i s h a Domestic Branch P u r s u a n t to S e c t i o n 9 of t h e F e d e r a l Reserve Act New York Approved Long I s l a n d T r u s t Company, Garden C i t y , New York. Branch to be e s t a b l i s h e d a t the n o r t h e a s t c o r n e r of Adams Avenue and Cabot C o u r t , Hauppauge, Smithtown, S u f f o l k County, New York. 1/ & 2 / New York Chemical Bank, New York, New York. Branch to be e s t a b l i s h e d a t Kismet I n n Marina Dock on F i r e I s l a n d , S u f f o l k County, New York. 1/ & 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 t h e Penn C e n t r a l S t a t i o n , Germantown and E v e r g r e e n Avenues, P h i l a d e l p h i a , Penns y l v a n i a . 1/ & 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 the Thriftway Market, 4301 Walnut 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 . I./ & 2 / Phialdelphia 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 Route 452 and M a r i a n v i l l e Road, A s t o n , Delaware County, P e n n s y l v a n i a . V& 2 / Richmond The P e o p l e s Bank of C h e s t e r f i e l d , C h e s t e r f i e l d , V i r g i n i a . Branch to be e s t a b l i s h e d i n t h e Meadowbrook Shopping C e n t e r a t the i n t e r s e c t i o n of Hopkins Road and Chippenham Parkway, C h e s t e r f i e l d County, V i r g i n i a . 1/ & 2 / Atlanta Bank of F l o r i d a i n S t . P e t e r s b u r g , S t . P e t e r s b u r g , F l o r i d a . Branch to be e s t a b l i s h e d a t 10501 66th S t r e e t , North S t . P e t e r s b u r g , F l o r i d a . JL/ & 2 / Atlanta The F i r s t Commercial Bank of F o r t Myers, F o r t Myers, F l o r i d a . Branch to be e s t a b l i s h e d a t 12998 McGregor B o u l e v a r d , S.W., F o r t Myers, F l o r i d a . V & 2 / Atlanta F l a g s h i p Bank of Tampa, Tampa, F l o r i d a . Branch to be e s t a b l i s h e d on t h e 2000 Block of South M a c d i l l Avenue, Tampa, F l o r i d a . 1/ & 2/ 17 2/ "** A p p l i c a t i o n p r o c e s s e d on behalf 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 R e s e r v e Bank may be c o n t a c t e d a s to the l e n g t h of the comment p e r i o d . - 5 - H . 2 , 1980 No. 41 ACTIONS OF THE BOARD-Continued Minneapolis F i d e l i t y Bank and T r u s t Company, M i n n e a p o l i s , M i n n e s o t a . Branch to be e s t a b l i s h e d i n B u r n s v i l l e , M i n n e s o t a . 1/ & 2 / San Francisco United C a l i f o r n i a Bank, Los A n g e l e s , C a l i f o r n i a . To e s t a b l i s h a manned motor banking f a c i l i t y i n t h e v i c i n i t y of t h e North West c o r n e r of the i n t e r s e c t i o n of Rose Drive and Linda V i s t a S t r e e t , P l a c e n t i a , Orange County, C a l i f o r n i a . V & 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 R e s e r v e Act Richmond Approved C i t i z e n s Bank of T a z e w e l l , T a z e w e l l , V i r g i n i a . JL/ & 2 / Kansas C i t y Gateway Bank & T r u s t Company, L i n c o l n , N e b r a s k a . V San Francisco Rocky Mountain S t a t e Bank, S a l t Lake C i t y , U t a h . 1/ * * * * * I s s u e d I n t e n t Not to Disapprove Change i n C o n t r o l P u r s u a n t t o Change i n Bank C o n t r o l Act of 1978 Kansas C i t y V 2I Not Disapproved Ameribanc, I n c . , S t . J o s e p h , 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 behalf 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 R e i n v e s t m e n t A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d H.2, 1980 No. 41 — 6 — ACTIONS OF THE BOARD-Contlnued A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t ments and Other A c t i o n s P u r s u a n t to S e c t i o n s 25 and 2 5 ( 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 New York Approved S t a n d a r d C h a r t e r e d Bank L i m i t e d , New York, New York: g r a n t s p e r m i s s i o n f o r Union I n t e r n a t i o n a l Bank, Los A n g e l e s , C a l i f o r n i a , to amend A r t i c l e F i r s t , T h i r d , Fourth and N i n t h of i t s A r t i c l e s of A s s o c i a t i o n i n o r d e r to change t h e name of Union I n t e r n a t i o n a l Bank to Standard C h a r t e r e d Bank I n t e r n a t i o n a l ; to r e l o c a t e i t s home o f f i c e from Los A n g e l e s , C a l i f o r n i a to H o u s t o n , Texas; and to d e l e t e t h e p r o v i s i o n r e q u i r i n g t h a t each d i r e c t o r of the C o r p o r a t i o n be a U . S . c i t i z e n . * * * * * 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 New York Approved BT B a n c s h a r e s , I n c . , Albany, New York, 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 Bankers T r u s t Company of Albany, N a t i o n a l A s s o c i a t i o n , Albany, New York, Bankers T r u s t of Binghamton, Binghamton, New York and BT N a t i o n a l Bank, Albany, New York, a proposed new bank. If & 2J Philadelphia G u a r a n t e e Bancorp, I n c . , A t l a n t i c C i t y , New J e r s e y , 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 G u a r a n t e e Bank, A t l a n t i c C i t y , New J e r s e y . 1/ & 2 / Atlanta F i r s t C i t y Bancorp, I n c . , M a r i e t 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 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 N a t i o n a l Bank of Cobb County, M a r i e t t a , G e o r g i a . 1/ & 2/ Atlanta F i r s t N a t i o n a l Bancshares of L o u i s i a n a , I n c . , A l e x a n d r i a , L o u i s i a n a , f o r a p p r o v a l t o a c q u i r e up to 90.34 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 F i r s t N a t i o n a l Bank, Alexandria, L o u i s i a n a . 1/ & 2/ 17 2/ A p p l i c a t i o n p r o c e s s e d on behalf 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 R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H . 2 , 1980 No. 41 ACTIONS OF THE BOARD-Continued Atlanta Gwinnett Holding Company, S n e l l 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 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 Gwinnett County Bank, S n e l l v i l l e , G e o r g i a . 1/ & If Chicago F i r s t Belmond B a n C o r p o r a t i o n , Belmond, Iowa, 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 of the v o t i n g s h a r e s of F i r s t S t a t e Bank, Belmond, Iowa. JL/ & 2 / Chicago N o r t h w e s t e r n Bank C o r p o r a t i o n , E a s t J o r d a n , Michigan, f o r a p p r o v a l to 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 N o r t h w e s t e r n S t a t e Bank, E a s t J o r d a n , Michigan. 1/ & 2 / Chicago P o r t l a n d F i n a n c i a l S e r v i c e s , I n c . , P o r t l a n d , Oregon, f o r a p p r o v a l t o a c q u i r e 9 8 . 2 3 p e r c e n t of the v o t i n g s h a r e s of The C i t i z e n s Bank of P o r t l a n d , P o r t l a n d , I n d i a n a . J 7 & 2 / S t . Louis HAMBAC, I n c . , H o d g e n v i l l e , Kentucky, f o r a p p r o v a l t o a c q u i r e 8 0 . 7 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 L i n c o l n N a t i o n a l Bank, H o d g e n v i l l e , Kentucky. 1 / & 2/ Mineapolis S t r a s b u r g B a n s h a r e s , I n c . , S t r a s b u r g , North Dakota, f o r a p p r o v a l to a c q u i r e 9 5 . 8 5 p e r c e n t of the v o t i n g s h a r e s of S t r a s b u r g S t a t e Bank, S t r a s b u r g , North Dakota. 1/ & 2/ Minneapolis W h i t e f i s h Holding Company, I n c . , W h i t e f i s h , Montana, f o r app r o v a l to a c q u i r e a t l e a s t 9 6 . 7 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 S t a t e Bank of W h i t e f i s h , W h i t e f i s h , Montana. 1/ &2/ Kansas C i t y Cedar P o i n t B a n c s h a r e s , I n c . , Cedar P o i n t , Kansas, f o r app 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 t h e v o t i n g s h a r e s of The Cedar P o i n t S t a t e Bank, Cedar P o i n t , K a n s a s . 1/ & 2 / Kansas C i t y Dominion Banqueshares L i m i t e d , Kansas C i t y , M i s s o u r i , f o r a p p r o v a l t o a c q u i r e 9 8 . 7 p e r c e n t of the v o t i n g s h a r e s of Grandview Bank and T r u s t Company, Grandview, M i s s o u r i . 1/ & 2/ Kansas C i t y T7 2/ F and M B a n c s h a r e s , I n c . , Derby, Kansas, 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 of t h e v o t i n g s h a r e s of Farmers and Merchants S t a t e Bank of Derby, Derby, K a n s a s . 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 R e s e r v e Bank may be c o n t a c t e d a s to t h e l e n g t h of the comment p e r i o d . I H.2, 1980 No. 41 — 8 — ACTIONS OF THE BOARD-Continued Kansas C i t y F i r s t Keyes B a n c s h a r e s , I n c . , Keyes, Oklahoma, f o r 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 t h e 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, Keyes, Oklahoma. 1/ & 27 Kansas C i t y L i b e r t y Bancshares, I n c . , Liberty, Missouri, for 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 the v o t i n g s h a r e s of Comm e r c i a l Bank of L i b e r t y , N . A . , L i b e r t y , M i s s o u r i . V & 2/ Dallas F i r s t Grand P r a i r i e Bank S h a r e s , I n c . , Grand P r a i r i e , T e x a s , f o r 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 t h e v o t i n g s h a r e s of N a t i o n a l Bank of Grand P r a i r i e , Grand P r a i r i e , T e x a s . 1/ & 2/ Dallas F i r s t Schulenburg F i n a n c i a l C o r p o r a t i o n , S c h u l e n b u r g , Te xa s , f o r 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 t h e v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of The F i r s t N a t i o n a l Bank of S c h u l e n b u r g , S c h u l e n b u r g , T e x a s . 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 H o l d i n g Company Act of 1956 New York Atlanta Approved Bankers T r u s t New York C o r p o r a t i o n , New York, New York, f o r a p p r o v a l to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of BT N a t i o n a l Bank, Albany, New York, a proposed new bank. It & 2/ Marsh I n v e s t m e n t s , N.V., Curacao, N e t h e r l a n d s A n t i l l e s ; Marsh I n v e s t m e n t s , B . V . , R o t t e r d a m , The N e t h e r l a n d s ; and M.F.G. I n v e s t m e n t s , I n c . , H i a l e a h , F l o r i d a , f o r approval to a c q u i r e 31 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 D e e r f i e l d Beach S t a t e Bank, D e e r f i e l d Beach, F l o r i d a . 1/ & 2/ Chicago F i r s t Bank C o r p o r a t i o n , Midland, Michigan, f o r a p p r o v a l t o a c q u i r e 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 F i r s t Community Bank, N . A . , West Branch, Michigan, a proposed new bank. 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 Reinvesmtent 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 a s to the l e n g t h of the comment p e r i o d . H . 2 , 1980 No. 41 - 9 ACTIONS OF THE BOARD-Continued Minneapolis SECURITY STATE BANK HOLDING COMPANY, H a n n a f o r d , N o r t h Dakota, f o r a p p r o v a l to 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 Farmers & Merchants Bank of Wimbledon, Wimbledon, North Dakota, 1/ & 27 Kansas C i t y Wyoming B a n c o r p o r a t i o n , Cheyenne, Wyoming, 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 ( 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 Wyoming Bank-Wright, W r i g h t , Wyoming, a proposed new bank. 1/ & 2/ Dallas A l l i e d B a n c s h a r e s , I n c . , Houston, T e x a s , 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 ( e x c e p t d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of F i r s t Bank of Edna, Edna, T e x a s . 1/ Dallas & 21 A l l i e d B a n c s h a r e s , I n c . , H o u s t o n , T e x a s , f o r a p p r o v a l to 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 ( e x c e p t d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of S e c u r i t y N a t i o n a l Bank, H o u s t o n , T e x a s . 1/ & 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 H o l d i n g Company Act of 1956 Philadelphia Cleveland 1/ 2/ Approved F i r s t Pennsylvania Corporation, Philadelphia, Pennsylvania, f o r a p p r o v a l t o r e t a i n 100 p e r c e n t of the v o t i n g s h a r e s of Pennamco I n s u r a n c e S e r v i c e s , I n c . , P h i l a d e l p h i a , Pennsylvania. V Mellon N a t i o n a l C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , f o r a p p r o v a l to engage de novo i n t h e u n d e r w r i t i n g on r e i n s u r ance b a s i s , 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 s o l d i n c o n n e c t i o n w i t h consumer l o a n s a t two of i t s s u b s i d i a r i e s , Mellon Bank, N.A. o r Freedom F i n a n c i a l S e r v i c e s C o r p o r a t i o n and t h e a c t i v i t y would be conducted through a newly formed, wholly-owned s u b s i d i a r y of Freedom F i n a n c i a l known a s Mellon L i f e I n s u r a n c e Company, Wilmington, Delaware. 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 the Board of Governors under d e l e g a t e d authority. A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d a s to t h e l e n g t h of the comment p e r i o d . n . 2 , 1980 No. 41 10 ACTIONS OF THE BOARD-Continued Minneapolis Am-Can I n v e s t m e n t , I n c . , Moorhead, Minnesota, f o r a p p r o v a l t o r e t a i n t h e nonbanking a c t i v i t y of making l o a n s t o s t o c k holders. V Minneapolis The B r i d g e r Company, Wayzata, Minnesota, f o r a p p r o v a l t o cont i n u e to s e l l i n s u r a n c e as a g e n e r a l i n s u r a n c e agent i n t h e town of B r i d g e r , Minnesota, a community w i t h l e s s t h a n 5 , 0 0 0 p o p u l a t i o n . JL/ Minneaplis Lanesboro Agency, I n c . , L a n e s b o r o , Minnesota, f o r a p p r o v a l to c o n t i n u e to engage i n o p e r a t i n g a g e n e r a l i n s u r a n c e agency i n a community w i t h l e s s t h a n 5 , 0 0 0 p o p u l a t i o n . If Minneapolis Richey B a n c o r p o r a t i o n , I n c . , Richey, Montana, f o r a p p r o v a l t o 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 i n a community w i t h l e s s t h a n 5,000 p o p u l a t i o n . JL/ Kansas C i t y DuRoc I n v e s t m e n t Company, T a b l e Rock, N e b r a s k a , f o r a p p r o v a l to c o n t i n u e to engage in. commercial f i n a n c e a c t i v i t i e s a t an o f f i c e i n Table Rock, N e b r a s k a . V Kansas C i t y V a l l e y S t a t e I n v e s t m e n t s , I n c . , Lamar, C o l o r a d o , f o r a p p r o v a l to c o n t i n u e to engage In the s a l e of 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 t h e e x t e n s i o n s of c r e d i t by V a l l e y S t a t e Bank, Lamar, C o l o r a d o . 1/ New York New York 1/ 3/ Permitted Chemical New York 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 t i e s ( l e a s i n g r e a l and p e r s o n a l p r o p e r t y and equipment on a n o n - o p e r a t i n g , f u l l payout b a s i s , and a c t i n g as a g e n t , b r o k e r and a d v i s e r with r e s p e c t to l e a s e s ; f i n a n c i n g r e a l and p e r s o n a l prope r t y and equipment such as would be done by a commercial f i n a n c e company; and s e r v i c i n g such e x t e n s i o n s of c r e d i t ) a t E x e c u t i v e P o i n t , S u i t e 504, 101 Wymore Road, Altamonte S p r i n g s , F l o r i d a , through i t s s u b s i d i a r y , Chemical B u s i n e s s C r e d i t Corp. ( 1 0 / 5 / 8 0 ) 3/ J . P . Morgan & Co. I n c o r p o r a t e d , 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 jie novo a c t i v i t i e s ( t o i n c l u d e making l o a n s t o p r o j e c t s d e s i g n e d f o r communtiy w e l f a r e p u r p o s e s ; p r e v i o u s l y approved a c t i v i t i e s which i n c l u d e the f i n a n c i n g of housing f o r low and moderate income pe rs ons A p p l i c a t i o n p r o c e s s e d on behalf 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 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. 41 - 11 - ACTIONS OF THE BOARD-Continued w i l l c o n t i n u e to be engaged i n ; t h e s e r v i c e a r e a f o r the e x i s t i n g and expanded a c t i v i t i e s c o n t i n u e s to i n c l u d e t h e United S t a t e s , i t s t e r r i t o r i e s , p o s s e s s i o n s and P u e r t o Rico) a t 23 Wall S t r e e t , New York, New York, through i t s s u b s i d i a r y , Morgan Community Development C o r p o r a t i o n ( 1 0 / 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 r e l o c a t e de novo a c t i v i t i e s (maki n g , a c q u i r i n g and s e r v i c i n g f o r i t s own account and t h e account of o t h e r s mortgage l o a n s and i n s u r a n c e agency a c t i v i t i e s r e l a t e d t o such l o a n s ) from 1121 S u p e r i o r Boulevard, C l e v e l a n d , Ohio t o S u i t e 180, One Independence P l a c e , 4807 Rockside Road, I n d e p e n d e n c e , Ohio, t h r o u g h 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 (10/6/80) 3/ 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 i n novo a c t i v i t i e s (commercial 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 not 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 t y p e s of secured 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 l o a n s f o r a f f i l i a t e d or n o n a 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 o r o t h e r e n t i t i e s ; and a c t i n g a s a d v i s o r o r b r o k e r i n 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 150, 11999 Katy Freeway, Houston, T e x a 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 C o r p o r a t i o n (10/9/80) 3/ Chicago M i l l i k i n B a n c s h a r e s , I n c . , D e c a t u r , 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 (making or a c q u i r i n g FHA and VA r e a l e s t a t e mortgage l o a n s i n I l l i n o i s and c o n t i g uous S t a t e s ) a t 357 N. Main S t r e e t , D e c a t u r , 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 , M i l l i k i n R e a l t y F i n a n c i n g Corp. ( 1 0 / 9 / 8 0 ) 3 / San Francisco BankAmerlca 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 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 t h e account of o t h e r s , l o a n s o r 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 o r a c q u i r e d by a mortgage banking company; s e r v i c i n g 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 f o r i t s e l f and o t h e r s ; a c t i n g as i n v e s t m e n t o r f i n a n c i a l a d v i s e r to t h e e x t e n t of 37 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on behalf 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 . 1 H.2, 1980 No. 41 - 1 2 ACTIONS OF THE BOARD-Continued p r o v i d i n g p o r t f o l i o i n v e s t m e n t a d v i c e to o t h e r s , w i t h emphasis on r e a l p r o p e r t y i n v e s t m e n t and r e a l p r o p e r t y i n t e r e s t s ; and l e a s i n g r e a l p r o p e r t y o r a c t i n g as a g e n t , b r o k e r or a d v i s e r i n t h e l e a s i n g of such p r o p e r t y ) a t 555 C a l i f o r n i a S t r e e t , San F r a n c i s c o , C a l i f o r n i a ; 4700 South Syracuse Parkway, Denver, Colordo; L i n c o l n C e n t e r , 5401 West Kennedy B o u l e v a r d , Tampa, F l o r i d a ; 57 E x e c u t i v e Park S o u t h , A t l a n t a , Georgia; Xerox B u i l d i n g , 555 West Monroe S t r e e t , Chicago, I l l i n o i s ; Teavey B u i l d i n g , 730 Second Avenue South, M i n n e a p o l i s , M i n n e s o t a ; 9221 Ward Parkway, Kansas C i t y , M i s s o u r i ; 500 West Wilson Bridge Road, Columbus, Ohio; and Campbell C e n t e r I I , 8150 North C e n t r a l Expressway, D a l l a s , T e x a s , through i t s wholly-owned s u b s i d i a r y , BA Mortgage and I n t e r n a t i o n a l Realty Corporation (10/11/80) 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 1 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 , 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 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 l o a n s to s m a l l 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 by 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 i n s u r a n c e of the i n t e r e s t of a r e a l p r o p e r t y mortgagee i n mortgaged p r o p e r t y o t h e r t h a n t i t l e i n s u r a n c e ) a t 2365 H a r r o d s b u r g Road, L e x i n g t o n , Kentucky, t h r o u g h 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 0 / 9 / 8 0 ) 3 / San Francisco Western B a n 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 ( t o engage i n o p e r a t i n g a mortgage banking company i n c l u d i n g making, a c q u i r i n g , s e l l i n g and s e r v i c i n g r e a l e s t a t e c o n s t r u c t i o n l o a n s on i t s own account o r f o r the account of o t h e r s ; and a c t i n g as agent o r b r o k e r with r e s p e c t to 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 and mortgage d i s a b i l i t y and mortgage redemption 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 o r the p r o v i s i o n of o t h e r f i n a n c i a l s e r v i c e s ) a t One A l l e n C e n t e r , S u i t e 1650, Houston, Texas, through i t s wholly-owned s u b s i d i a r y , Western Bancorp Mortgage Company ( 1 0 / 1 0 / 8 0 ) 3 / 57 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . H . 2 , 1980 No. 41 — 13 — APPLICATIONS RECEIVED To E s t a b l i s h a Domestic Branch P u r s u a n t to S e c t i o n 9 of t h e F e d e r a l R e s e r v e Act Cleveland The L i b e r t y S t a t e Bank, L i b e r t y C e n t e r , O h i o . Branch to be e s t a b l i s h e d a t 1424 North S c o t t S t r e e t , Napoleon, Henry County, O h i o . 2 / Cleveland The Farmers C i t i z e n s Bank, B u c y r u s , Ohio. Branch to be e s t a b l i s h e d a t the southwest c o r n e r of North Sandusky Avenue and West Mary S t r e e t , Bucyrus, Crawford County, Ohio• 2 / San Francisco Union Bank, Los A n g e l e s , C a l i f o r n i a . Branch to be e s t a b l i s h e d a t 3255 W i l s h i r e B o u l e v a r d , Los A n g e l e s , C a l i f o r n i a . 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 R e s e r v e Act Kansas C i t y C i t i z e n s Bank and T r u s t Company, E l l s w o r t h , K a n s a s . * * * * * To E s t a b l i s h an Overseas 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 R e s e r v e Act New York R e p u b l i c N a t i o n a l Bank of New York, New York, New York: p r i o r n o t i f i c a t i o n of i t s i n t e n t to open an i n i t i a l branch i n Buenos A i r e s , A r g e n t i n a . Atlanta F l a g s h i p N a t i o n a l Bank of Miami, Miami, F l o r i d a : 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 a l i m i t e d o p e r a t i o n s branch i n t h e Cayman I s l a n d s . 27 ~~~ A p p l i c a t i o n s u b j e c t to Community R e i n v e s t m e n t A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d a s to t h e l e n g t h of t h e comment p e r i o d . - 1 4 - H.2, 1980 No. 41 APPLICATIONS RECEIVED-Continued 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 B.P.C. C o r p o r a t i o n , C o o k e v i l l e , T e n n e s s e e , 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 t h e v o t i n g s h a r e s of Bank of Putnam County, C o o k e v i l l e , T e n n e s s e e . 2/ Atlanta DeSota Banking C o r p o r a t i o n , A r c a d i a , F l o r i d a , 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 100 p e r c e n t 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 of A r c a d i a , A r c a d i a , F l o r i d a . 2 / Atlanta Peoples Equity Shares, I n c . , C a r r o l l t o n , Georgia, f o r app r o v a l to a c q u i r e a t l e a s t 90 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 P e o p l e s Bank, C a r r o l l t o n , G e o r g i a . 2/ Chicago CAARGO F i n a n c i a l C o r p o r a t i o n , B e n t o n v i l l e , I n d i a n a , f o r a p p r o v a l t o a c q u i r e 5 1 . 6 p e r c e n t of the v o t i n g s h a r e s of B e n t o n v i l l e S t a t e Bank, B e n t o n v i l l e , I n d i a n a . 2/ Chicago Rockford Bancorp I n c . , R o c k f o r d , I l l i n o i s , f o r a p p r o v a l to a c q u i r e 9 7 . 7 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 I l l i n o i s N a t i o n a l Bank & T r u s t Co. of R o c k f o r d , R o c k f o r d , I l l i n o i s . 2/ Chicago S & H HOLDINGS, INC., I r o q u o i s , I l l i n o i s , 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 9 4 . 5 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 r o q u o i s Farmers S t a t e Bank, I r o q u o i s , I l l i n o i s . 2 / Minneapolis Metropolitan Bancorporation, I n c . , Minneapolis, Minnesota, f o r a p p r o v a l to a c q u i r e 95 p e r c e n t of the v o t i n g s h a r e s of M e t r o p o l i t a n S t a t e Bank, M i n n e a p o l i s , M i n n e s o t a . 2J Kansas C i t y Derby B a n c s h a r e s , I n c . , Derby, Kansas, 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 96 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 Derby, Derby, K a n s a s . 2 / Kansas C i t y F i r s t Oklahoma N a t i o n a l C o r p o r a t i o n , S t i g l e r , 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 The F i r s t N a t i o n a l Bank, S t i g l e r , Oklahoma. 2 / Kansas C i t y Oakdale B a n c s h a r e s , I n c . , O a k d a l e , N e b r a s k a , 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 9 9 . 5 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 S t a t e Bank, O a k d a l e , N e b r a s k a . 2 / 2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvetment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H.2, 1980 No. 41 — 15 — APPLICATIONS RECEIVED-Contlnued Kansas C i t y Western Bancorp, I n c . , Garden C i t y , Kansas, 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 82.4 p e r c e n t of t h e v o t i n g s h a r e s of The Western S t a t e Bank, Garden C i t y , K a n s a s . 2 / Dallas E a s t Texas C o r p o r a t i o n , I n c . , P a l e s t i n e , T e x a s , 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 The E a s t Texas N a t i o n a l Bank of P a l e s t i n e , P a l e s t i n e , Texas. 2/ Dallas H a r r i s County B a n k s h a r e s , I n c . , Houston, T e x a s , 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 Bank of H a r r i s County, N a t i o n a l A s s o c i a t i o n , ( P . O . Houston) A l d i n e , T e x a s . 2/ Dallas Zavala Bankshares, I n c o r p o r a t e d , C r y s t a l C i t y , Texas, f o r a p p r o v a l t o a c q u i r e 97.25 p e r c e n t of the v o t i n g s h a r e s of Zavala County Bank, C r y s t a l C i t y , T e x a s . 2/ San Francisco E n t e r p r i s e Bancorp, Oakland, C a l i f o r n i a , 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 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 E n t e r p r i s e Bank, Oakland, C a l i f o r n i a . 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 Boston F i r s t N a t i o n a l Boston 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 , f o r a p p r o v a l to 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 H a v e r h i l l N a t i o n a l Bank, H a v e r h i l l , M a s s a c h u s e t t s . 21 Cleveland Winters N a t i o n a l C o r p o r a t i o n , D a y t o n , Ohio, f o r a p p r o v a l to 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 N a t i o n a l Bank of C i r c l e v i l l e , C i r c l e v i l l e , O h i o . 2/ Chicago M a n u f a c t u r e r s N a t i o n a l C o r p o r a t i o n , D e t r o i t , Michigan, 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 Bank of L a n s i n g , Lansing, Michigan 27 A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of t h e comment p e r i o d . H.2, 1980 No. 41 — 16 — APPLICATIONS RECEIVED-Continued Kansas C i t y Wood & Huston B a n c o r p o r a t i o n , I n c . , M a r s h a l l , M i s s o u r i , 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 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 South E a s t M i s s o u r i Bank, Cape G i r a r d e a u , M i s s o u r i , a proposed new bank. 2 / Kansas C i t y A r c a d i a Agency Company, A r c a d i a , N e b r a s k a , f o r a p p r o v a l to a c q u i r e 2 4 . 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 Emerson F i r s t N a t i o n a l Company, Emerson, N e b r a s k a , and i n d i r e c t l y 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 The F i r s t N a t i o n a l Bank of Emerson, Emerson, N e b r a s k a . 2 / Kansas C i t y Decatur Agency Company, D e c a t u r , Nebraska, f o r a p p r o v a l t o a c q u i r e 2 4 . 9 p e r c e n t of the v o t i n g s h a r e s of Emerson F i r s t N a t i o n a l Company, Emerson, Nebraska and i n d i r e c t l y a c q u i r e 95 p e r c e n t of the v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank of Emerson, Emerson, N e b r a s k a . 2J Kansas C i t y Tekamah Agency Company, Tekamah, N e b r a s k a , f o r a p p r o v a l t o a c q u i r e 2 4 . 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 Emerson F i r s t N a t i o n a l Company, Emerson, N e b r a s k a , and i n d i r e c t l y 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 The F i r s t N a t i o n a l Bank of Emerson, Emerson, N e b r a s k a . 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 Atlanta Peoples Equity Shares, I n c . , C a r r o l l t o n , Georgia, f o r app r o v a l to a c q u i r e P e o p l e s E q u i t y Leasing Company, I n c . , Carrollton, Georgia. Chicago Nebo C o r p o r a t i o n , P i s g a h , Iowa, f o r a p p r o v a l to c o n t i n u e t o engage d i r e c t l y a s agent i n the s a l e of g e n e r a l i n s u r ance i n a town w i t h l e s s t h a n 5,000 p o p u l a t i o n . Minneapolis E r i c k s o n I n v e s t m e n t Company, Edgemont, South Dakota, f o r a p p r o v a l to engage i n 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 i n the towns of Edgemont and B u f f a l o Gap, South Dakota b o t h of which have l e s s t h a n 5,000 p o p u l a t i o n . 27 ~ 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 t h e comment p e r i o d . 1 11.Z, 1980 No. 41 - 1 7 APPLICATIONS RECEIVED-Contlnued Kansas C i t y C . S . B . C o . , Cozad, N e b r a s k 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 ( t o engage i n a l l types of i n s u r a n c e i n c l u d i n g , but not l i m i t e d t o : l i f e , a u t o , f i r e , marine and a l l i e d l i n e s , h a i l i n s u r a n c e , f i d e l i t y b o n d s , h e a l t h and a c c i d e n t i n s u r a n c e , e t c . ) a t 920 M e r i d i a n , Cozad, N e b r a s k a , through i t s s u b s i d i a r y , C.S.B. I n s u r a n c e Agency ( 1 0 / 8 / 8 0 ) 3 / Kansas C i t y Farmers E n t e r p r i s e s , I n c . , A l b e r t , K a n s a s , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in p e r s o n a l and r e a l p r o p e r t y l e a s i n g a c t i v i t i e s ) a t an o f f i c e i n A l b e r t , Kansas ( 1 0 / 7 / 8 0 ) 3 / Kansas C i t y P l a t t e V a l l e y Bancorp, I n c . , B r i g h t o n , C o l o r a d o , f o r p e r m i s s i o n to engage i n the b u s i n e s s of i n d u s t r i a l banking and a c t i n g as an i n s u r a n c e agent 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 the v o t i n g s h a r e s of V a l l e y Bancorp, I n c . , Steamboat S p r i n g s , Colorado and i t s w h o l l y owned s u b s i d i a r y , Yampa V a l l e y I n d u s t r i a l Bank, Steamboat S p r i n g s , Colorado. San Francisco C i t i z e n s B a n c s h a r e s , Ogden, U t a h , f o r a p p r o v a l t o a c q u i r e t h e o p e r a t i n g a s s e t s and t h e C e r t i f i c a t e of A u t h o r i t y of B o n n e v i l l e T h r i f t & Loan, B o u n t i f u l , U t a h , t h r o u g h a new s u b s i d i a r y to be known a s C h a r t e r T h r i f t & Loan. San Francisco 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 i n 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 a s an accommodation p a r t y 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 t h e i r r e a l e s t a t e ) a t 9920 South La Cienega 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 0 / 8 / 8 0 ) 37 San Francisco U.S. Bancorp, P o r t l a n d , Oregon, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s ( t o engage i n the u n d e r w r i t i n g of c r e d i t l i f e , c r e d i t a c c i d e n t and c r e d i t h e a l t h i n s u r ance a c t i v i t i e s ) a t 1421 E a s t Thomas Road, P h o e n i x , A r i z o n a , through i t s s u b s i d i a r y , Mt. Hood L i f e I n s u r a n c e , Inc. (10/10/80) 3/ 3/ 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on behalf 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. 41 - 1 8 APPLICATIONS RECEIVED-Continued REPORTS RECEIVED None. * * * * * PETITIONS FOR RULEMAKING None. I
@FedFRASER