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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1985 No. 43 Actions of the Board Applications and Reports Received During the Week Ending October 26, 1985 AEPLICAEU3 RESERVE BANK ACTIONS OF THE BOARD Over-the-counter stocks — revised list of OTC stocks subject to margin requirements, effective November 12, 1985. Einanuel Melichar, Senior Economist, statement before the Subcommittee on Economic Stabilization of the House Committee on Banking, Finance and Urban Affairs regarding financial problems among those farmers who were highly leveraged as the boom of the 1970s ended, usually because of their expanded operations. Philadelphia First Lehigh Corporation, Walnutport, Pennsylvania — extension of time to January 25, 1986, within which to acquire 19.99 percent of the stock of Albion Bancorp, Inc. 1/ Philadelphia First National Bank of Loysville, Loysville, Pennsylvania, proposed merger with loysville Interim Bank, under the charter of the latter and with the title of the former — report to the Comptroller of the Currency on competitive factors. 1/ Philadelphia First Eastern Bank, National Association, Wilkes-Barre, Pennsylvania, proposed merger with The Hawley Bank, Hawley, Pennsylvania, under the charter and title of the former — report to the Comptroller of the Currency on competitive factors. 1/ Richmond Maryland National Corporation, Baltimore, Maryland — extension of time to February 4, 1986, within which to acquire Maryland National Bank/D.C., Washington, D. C., a de novo nonbank bank. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 43 - 2 ACTIONS OF THE BOARD - Cbntinued Richmond Community Bank & Trust, National Association, Fairmont, West Virginia, proposed merger with National Bank of Monongah, Monongah, Wtest Virginia — report to the Comptroller of the Currency on competitive factors. 1/ Richmond Union Bank and Trust Company, Bowling Green, Virginia — investment in bank premises. 1/ Atlanta Mississippi River Bancshares, Ltd., Belle Chasse, Louisiana — extension of time to January 31, 1986, within which to become a bank holding company by acquiring Mississippi River Bank. 1/ Chicago Carroll Financial Corporation, Burlington, Indiana — extension of time to January 17, 1986, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of First Bank of Carroll County. 1/ Chicago Bank of Monticello, Monticello, Wisconsin, proposed merger with New Bank of Monticello, under the charter and title of the latter — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ Chicago The Citizens State Bank, Newport, Indiana, proposed merger with FFC Service Bank,, under the charter of FFC Service Bank and title of The Citizens State Bank — report to the Federal Deposit Insurance Corporation on competitive factors. 1/ St. Louis MC Bancorp, Inc., Modesto, Illinois — extension of time to January 17, 1986, within which to become a bank holding company through the acquisition of the successor by merger to Bank of Modesto. 1/ St. Louis National Bank of Arkansas in North Little Rock, North Little Rock, Arkansas, proposed merger with Interim National Bank of Arkansas — report to the Comptroller of the Currency on competitive factors. 1/ J 1 implication processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 43 - 3 ACTIONS OF THE BOARD - Continued St. Louis National Banking Corp., North Little Rock, Arkansas — extension of time to December 31, 1985, within which to become a bank holding company through the acquisition of National Bank of Arkansas in North Little Rock. 1/ St. Louis Security Bancorp of Tennessee, Inc., Halls, Tennessee — extension of time to February 11, 1986, within which to become a bank holding company through the acquisition of the successors by mergers to Gates Banking & Trust Company, Gates, Tennessee; Bank of Halls, Halls, Tennessee; and Security State Bank, Newbem, Tennessee. 1/ Dallas New Mercantile Bank, Arlington, Texas, proposed merger with Mercantile National Bank of Arlington — report to the Comptroller of the Currency on competitive factors. 1/ San Francisco California Commercial Bankshares, Santa Ana, California — extension of time to January 25, 1986, within which to engage de novo in mortgage banking activities. 1/ San Francisco Cobanco, Inc., Santa Cruz, California — extension of time to January 30, 1986, within which its subsidiary, Bancorp Management Services, Inc., may commence offering data processing services. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 43 - 4 ACTIONS OF THE BOARD - Continued TO Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Approved Nev/ York Chemical Bank, New York, New York, — to establish a branch at 77 West 45th Street, New York, New York. 1/ New York Manufacturers Hanover Trust Canpany, New York, New York — to establish a branch at 420 Lexington Avenue, New York, New York. 1/ Philadelphia United Jersey Bank/Southwest, Camden, New Jersey — to establish a branch at Horizon Corporate Center, Route 73 South, Mt. Laurel, New Jersey. 1/ Cleveland Ohio Citizens Bank, Toledo, Ohio — to establish CBCT branches at 1455 S. Byrne Road and 1500 S. Reynolds Road, Toledo, Ohio. 1/ Richmond Union Bank and Trust canpany, Bowling Green, Virginia — to establish a branch near the intersection of Routes 3 and 639, Spotsylvania County, Virginia. 1/ San Francisco Newberg State Bank, Newberg, Oregon — to establish a branch in the vicinity of 1301 East Fulton Street, Newberg, Oregon. 1/ * * * * * Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 Not Disapproved Minneapolis Kansas City Walz Stuart Agency Incorporated, Saint Paul, Minnesota. 1/ Expressway Bank, Oklahoma City, Oklahoma. 1/ Dallas Wisetex Bankshares, Inc., Rheme, Texas. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 43 - 5 - ACTIONS OF TOE BOARD - Continued * * * * * lb Beocme a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Approved Cleveland M. B. Bank, Minerva, Ohio. 1/ Richmond 1/ Green Valley Bank, Inc., Bluefield, West Virginia. Dallas New Independence Bank, Plano, Texas. 1/ * * * * * To Merge Pursuant to Section 18 (c) of the Federal Deposit Insurance Act Approved Philadelphia Princeton Bank, Princeton, New Jersey — to purchase certain assets and assume certain liabilities of the Bank of New Jersey, N.A., Moorestown, New Jersey. 1/ Cleveland M. B. Bank, Minerva, Ohio — to merge with The Minerva Banking Company, Minerva, Ohio. 1/ Richmond Green Valley Bank, Inc., Bluefield, West Virginia with Valley Bank & Trust Company, Bluefield, West Virginia. 1/ Dallas Independence Bank, Plano, Texas — to merge with New Independence Bank, Plano, Texas. 1/ San Francisco Farmers & Merchants Bank of Long Beach, Long Beach, California — to merge with Town & Country Bank, Seal Beach, California. 1/ * * * * * 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 43 - 6 ACTIONS OF THE BOARD - Continued To Form a Bank Holding Ccnpany Pursuant to Section 3 (a) (1) of the Bank Holding Ccnpany Act of 1956 Withdrawn Kansas City Starr Banc Shares, Inc., Hutchinson, Kansas, for approval to acquire 100 percent of the voting shares of Ark-Valley Bancorp, Inc., Hutchinson, Kansas and indirectly Ccrrmerce Bank of Hutchinson, N.A., Hutchinson, Kansas; Garden Banc Shares, Inc., Hutchinson, Kansas and indirectly Fourth Bank of Garden City, N.A., Garden City, Kansas; Santa Fe Trail Banc Shares, Inc., Hutchinson, Kansas and indirectly The Haskell County State Bank, Sublette, Kansas; Southwest Kansas Banc Shares, Inc., Hutchinson, Kansas and indirectly First National Bank of Meade, Meade, Kansas; Valley Bancorp, Inc., Hutchinson, Kansas and indirectly Valley State Bank, Syracuse, Kansas. Returned Dallas Lamar Financial Corporation, Paris, Texas — for approval to acquire 80 percent of the voting shares of Lamar National Bank, Paris, Texas. Dallas TEXSTAR FINANCIAL CORPORATION, INC., Azle, Texas — for approval to acquire 100 percent of the voting shares of First National Bank of Azle, Azle, Texas. Approved New York The Chase Manhattan National Holding Corporation, New York, New York — for approval to acquire 100 percent of the voting shares of Chase Bank of Maryland, Bethesda, Maryland, a proposed new bank. Cleveland Citizens State Bancorp, Silverton, Ohio — for approval to acquire 100 percent of the voting shares of Citizens State Bank, Silverton, Ohio. 1/ Atlanta Gulf & Southern Corporation, Fort Myers, Florida — for approval to acquire 100 percent of the voting 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 43 - 7 ACTIONS OF THE BQAKD - Continued shares of The National Bank of Lee County, Fort Myers, Florida. 1/ Atlanta Macon Banctrust, Inc., Lafayette, Tennessee — for approval to acquire 80 percent of the voting shares of Macon Bank & Trust Company, Lafayette, Tennessee. 1/ Chicago Citizens Bancshares of Loyal, Inc., Loyal, Wisconsin — for approval to acquire at least 97.8 percent of the voting shares of Citizens State Bank of Loyal, Loyal, Wisconsin. 2/ Chicago First Channahon Bancorp, Inc., Channahon, Illinois — for approval to acquire 100 percent of the voting shares of First Bank of Channahon, Channahon, Illinois. 1/ Chicago IUC Holding, Inc., Columbus, Indiana — for approval to acquire 100 percent of the voting shares of Midwest National Corporation, Indianapolis, Indiana and indirectly Midwest National Bank, Indianapolis, Indiana. 1/ Minneapolis Grant County Bancorporation, Inc., Carson, North Dakota — for approval to acquire 99 percent of the voting shares of First Bank Southwest-Carson, Carson, North Dakota. 2/ Minneapolis Nicholas, Inc., Dillon, Montana — for approval to acquire 100 percent of the outstanding voting stock of State Bank and Trust Company, Dillon, Montana. 1/ Kansas City Associated Bank Shares corporation, Colorado Springs, Colorado — for approval to acquire 98 percent of the voting shares of First Bank, Colorado Springs, Colorado. Kansas City LJT, Inc., Holdrege, Nebraska — for approval to acquire 34.96 percent of the outstanding voting shares of First Holdrege Banc Shares, Inc., Holdrege, Nebraska and indirectly The First National Bank of Holdrege, Holdrege, Nebraska. 1/ Dallas First Lubbock Bancshares, Inc., Lubbock, Texas — for approval to acquire 100 percent of the voting 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 43 - 8 - ACTIONS OF THE BOM ® - C o n tin u e d shares of First National Bank of Lubbock, Lubbock, Texas. 1/ * * * * * To Expand a Bank Holding Ccnpany Pursuant to Section 3(a) (3) of the Bank Holding Ccnpany of 1956 A pproved Boston Amoskeag Bank Shares, Inc., Manchester, New Hampshire — for approval to acquire 100 percent of the voting shares of The Souhegan National Bank of Milford, Milford, New Hampshire. 1/ Boston Howard Bancorp, Burlington, Vermont — for approval to acquire 100 percent of the voting shares of The Woodstock National Bank, Woodstock, Vermont. 1/ New York The Chase Manhattan Corporation, New York, New York — for approval to acquire 100 percent of the voting shares of Chase Bank of Maryland, Bethesda, Maryland, a proposed new bank. New York The Summit Bancorporation, Summit, New Jersey — for approval to acquire 100 percent of the voting shares of Bay State Bank, Ship Bottom, New Jersey. 1/ Richmond Financial Management Bancshares of West Virginia, Inc., Morgantown, West Virginia — for approval to acquire 100 percent of the voting shares of the successor by merger to The First National Bank of Terra Alta, Terra Alta, West Virginia. 1/ Richmond First Union Corporation, Charlotte, North Carolina — for approval to acquire 100 percent of the voting shares of Central Florida Bank Corporation, Dade City, Florida and indirectly The Bank of Pasco County, Dade City, Florida. 1/ Richmond M & M Financial Corporation, Oak Hill, West Virginia — for approval to acquire 100 percent of the voting shares of the successor by merger to Valley Bank and Trust Company, Green Valley, West Virginia. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 43 - 9 - ACTIONS OF THE BOARD - Continued Atlanta First Bankers Corporation of Florida, Paxpano Beach, Florida — for approval to acquire 100 percent of the voting shares of The Mall Bank, West Palm Beach, Florida. 1/ Atlanta First Railroad & Banking Company of Georgia, Augusta, Georgia — for approval to acquire 100 percent of the voting shares of Georgia State Bank, Martinez, Georgia. Chicago Hill Investment Co., Jewell, Iowa — for approval to acquire 100 percent of the voting shares and 100 percent of the nonvoting shares of Story County Bancorporation, Jewell, Iowa and indirectly Roland State Bank, Roland, Iowa. Chicago Irwin Union Corporation, Columbus, Indiana — for approval to acquire 100 percent of the voting shares of IUC Holding Inc., Columbus, Indiana and indirectly Midwest National Bank, Indianapolis, Indiana. 1/ Chicago Mt. Zion Bancorp, Inc., Mt. Zion, Illinois — for approval to acquire 70.4 percent or more of the voting shares of First National Bank of Mt. Zion, Mt. Zion, Illinois. Chicago The Indiana National Corporation, Indianapolis, Indiana — for approval to acquire 100 percent of the voting shares of Union Bank and Trust Ccrrpany, Delphi, Indiana. 1/ Minneapolis Anchor Bancorp, Inc., Wayzata, Minnesota — for approval to acquire 51 percent of the voting shares of Exchange State Bank, St. Paul, Minnesota. 1/ Kansas City Commerce Financial Corporation, Topeka, Kansas — for approval to acquire 100 percent of the voting shares of First State Bank and Trust Catpany, Topeka, Kansas. 1/ Dallas First Huntsville Corporation, Huntsville, Texas — for approval to acquire 100 percent of the voting shares of First National Bank of Madisonville, Madisonville, Texas, a proposed new bank. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. - 10 - H.2, 1985 No. 43 ACTIONS OF THE BOARD - C o n tin u e d * * * * * To E xpand a Bank H o ld in g C cnpany P u rsu a n t t o S e c tio n 3(a) (5) o f th e Bank B o ld in g C cnpany A c t o f 1956 Approved Richmond Key Bancshares of West Virginia, Inc., Huntington, West Virginia — for approval to merge with Centurion Bancorp Inc., Charleston, West Virginia and indirectly acquire Charleston National Bank, Charleston; Cardinal State Bank, N.A., Beckley, West Virginia; and Citizens National Bank of St. Albans, St. Albans, West Virginia. Chicago First Indiana Bancorp, Elkhart, Indiana — for approval to merge with Syracuse Bancorp, Inc., Syracuse, Indiana, and indirectly acquire 100 percent of State Bank of Syracuse, Syracuse, Indiana. 1/ * * * * * To E xpand a Bank H o ld in g C cnpany P u rsu a n t t o S e c tio n 4 (c) (8) of th e Bank H o ld in g Company A c t of 1956 W ithdraw n Kansas City 1/ Starr Banc Shares, Inc., Hutchinson, Kansas — to temporarily engage in leasing activities by acquiring 100 percent of the voting cannon shares of Thayer Leasing, Inc., Hutchinson, Kansas. Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 43 - 11 - ACTIONS OF THE BOARD - C o n tin u e d P e rm itte d Philadelphia First Eastern Corporation, Wilkes Barre, Pennsylvania — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its newly created subsidiary, First Eastern Brokerage Services, Inc., Wilkes Barre, Pennsylvania. (10/24/85) 3/ Atlanta Louisiana Bancshares, Inc., Baton Rouge, Louisiana — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, Premier Securities Corporation, Baton Rouge, Louisiana. The activity will be conducted throughout the State of Louisiana. (10/25/85) 3/ Atlanta Sasser Corporation, Carthage, Mississippi — to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them). These activities will be conducted in Leake County and all adjoining counties which are Attala, Madison, Neshoba, Newton, Scott and Winston. (10/23/85) 3/ St. Louis Landmark Bancshares Corporation, Clayton, Missouri — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, LBC Securities, Inc., Ladue, Missouri. (10/27/85) 3/ St. Louis Mid-America Bancorp, Louisville, Kentucky — to engage de novo (underwriting credit life insurance on consumer loans) through its subsidiary, Eton Life Insurance Company, Louisville, Kentucky. (10/25/85) 3/ Dallas First Ccranunity Bancshares, Inc., Houston, Texas — to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them) through a proposed new subsidiary, Central Texas Ccmputronics, Inc., Killeen, Texas. (10/25/85) 3/ 3/ Notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 43 - 12 ACTIONS OF THE BOARD - Continued * * * * * R edem ption o f S h a re s A pproved Kansas City 1/ K.L. and D.M., Inc., Polk, Nebraska. 1/ Application processed on behalf of the Board of Governors under delegated authority. H.2, 1985 No. 42 - 13 - APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act New York United Counties Trust Company, Elizabeth, New Jersey — to establish a branch at Four Lincoln Place, Madison, New Jersey. 2/ Chicago Comerica Bank - Detroit, Detroit, Michigan — to establish an automatic teller machine at Twelve Oakes Mall, Management Office, 275 Novi Road, Novi, Michigan. 2/ Chicago Comercia Bank-Detroit, Detroit, Michigan — to establish an automatic teller machine at Fairlane Town Center, Management Office, Dearborn, Michigan. 2/ Chicago Comerica Bank-Detroit, Detroit, Michigan — to establish an automatic teller machine at Lakeside Mall, Management Office, 14000 Lakeside Circle, Sterling Heights, Michigan. 2/ San Francisco Simi Valley Bank, Simi Valley, California — application for branch office in the vicinity of High Street and Moorpark Road, Unincorporated Community of Moorpark, City of Ventura, California. 2/ * * * * * To Merge Pursuant to Section 18 (c) of the Federal Deposit Insurance Act Cleveland C.S. Bank, Silverton, Ohio — to merge with Citizens State Bank,Silverton, Ohio. 2/ * * * * * 2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1985 No. 42 - 14 - A PPLICA TIO N S RECEIVED - C o n tin u e d Tb Became a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Philadelphia Knoblauch Bank, Reading, Pennsylvania. 2/ Cleveland C.S. Bank, Silverton, Ohio. 2/ Dallas Lorena State Bank, Lorena, Texas. 2/ Dallas Lakeland State Bank, Austin, Texas. 2/ * * * * * To Form a Bank Holding Company Pursuant to Section 3 (a) (1) of the Bank Holding Ccnpany Act of 1956 Richmond Farmers & Merchants Walterboro Bancshares Corporation, Walterboro, South Carolina — for approval to acquire 100 percent of the voting shares of Farmers & Merchants Bank, Walterboro, South Carolina. 2/ Atlanta General Bancshares, Inc., South Pittsburg, Tennessee — for approval to acquire 100 percent of the voting shares of Citizens State Bank, South Pittsburg, Tennessee, 2/ Atlanta Newton County Bancorporation, Inc.'s Employee Stock Ownership Plan, Newton, Mississippi — for approval to acquire 42.22 percent of the voting shares of Newton County Bancorporation, Inc., Newton, Mississippi and indirectly acquire Newton County Bank, Newton, Mississippi, 2/ Chicago Cloverdale Bank Corporation, Cloverdale, Indiana — for approval to acquire 100 percent of the voting shares of The First National Bank of Cloverdale, Cloverdale, Indiana. 2/ St. Louis First Ccrnnunity Bancshares, Inc., Middleton, Tennessee — for approval to acquire at least 80 percent of the voting shares of Bank of Middleton, Middleton, Tennessee. 2/ 2/ Application subject to Ccmnunity Reinvestment Act. The Ccnmunity Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the content period. H.2, 1985 No. 42 - 15 - APPLICATIONS RECEIVED - Continued Minneapolis Darman Financial of Minnesota, Incorporated, Harmony, Minnesota — for approval to acquire 98 percent of the voting shares of Harmony State Bank, Harmony, Minnesota. 2/ Kansas City Bankers Bancorp of Oklahoma, Inc., Oklahoma City, Oklahoma — for approval to acquire at least 80 percent of the voting shares of The Bankers Bank, Oklahoma City, Oklahoma, a proposed new bank. 2/ Dallas Cattleman's Bancshares, Inc., Gordon, Texas — for approval to acquire 100 percent of the voting shares of Gordon Financial Corporation, Gordon, Texas and indirectly acquire The First National Bank of Gordon, Gordon, Texas. 2/ Dallas Rising Star Bancshares, Inc., Rising Star, Texas — for approval to acquire 85.24 percent of the voting shares of First State Bank of Rising Star, Rising Star, Texas. 2/ Dallas Wichita Falls Bancshares, Inc., Wichita Falls, Texas — for approval to acquire 80 percent of the voting shares of First National Bank, Wichita Falls, Texas, a preposed new bank. 2/ * * * * * To Expand a Bank Holding Canpany Pursuant to Section 3 (a) (3) of the Bank Holding Ccnpany Act of 1956 Richmond Southern National Corporation, Lumberton, North Carolina — for approval to acquire 100 percent of the voting shares of Horry County National Bank, Loris, South Carolina. 2/ St. Louis Bancorp of Mississippi, Inc., Tupelo, Mississippi — for approval to acquire 4.99 percent (and if certain debentures are converted into stock up to 41.96 percent) of the voting shares of First Mississippi National Corporation, Hattiesburg, Mississippi and indirectly acquire First Mississippi National Bank, Hattiesburg, Mississippi. 2/ If Application subject to Community Reinvestment Act. The Ccmnunity Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1985 No. 42 - 16 - APPLICATICNS RECEIVED - Continued Chicago First Colonial Bankshares Corporation, Chicago, Illinois — for approval to acquire 100 percent of the voting shares of Carmunity Bank & Trust Company of Edgewater, Chicago, Illinois. 2/ Chicago The Marine Corporation, Milwaukee, Wisconsin — acquire 100 percent of the voting shares of Catmercial Banc-Corp., Monroe, Wisconsin and indirectly The Carmercial and Savings Bank, Monroe, Wisconsin. 2/ Kansas City First Keyes Bancshares, Inc., Keyes, Oklahoma — for approval to acquire 24 percent of the voting shares of Thomas Bancshares, Inc., Thomas, Oklahoma and indirectly acquire The Bank of Thomas, Thomas, Oklahoma. 2/ Dallas Artieritex Bancshares Corporation, Dallas, Texas — (formerly Halton City Bancshares, Inc.) for approval to acquire 100 percent of the voting shares of Riverbend National Bank, Fort Worth, Texas, a proposed new bank. 2/ Dallas National Bancshares Corporation of Texas, San Antonio, Texas — for approval to acquire 100 percent of the voting shares of First Bancshares of Sequin, Sequin, Texas and indirectly acquire First National Bank of Sequin, Sequin, Texas. 2/ to * * * * * To Expand a Bank Holding Ccnpany Pursuant to Section 4 (c) (8) of the Bank Holding Company Act of 1956 New York 2/ The Chase Manhattan Corporation, New York, New York — for approval to acquire Third Century, Inc., Moberly, Missouri and Third Century, Ltd., Moberly, Missouri and thereby engage in the leasing of personal property (including acting as agent, broker and adviser in leasing such property) Application subject to Ccntnunity Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the Garment period. H.2, 1985 No. 42 - 17 APPLICATIONS RECEIVED - Continued Philadelphia CoreStates Financial Corp., Philadelphia, Pennsylvania — for approval to acquire 100 percent of the outstanding shares of James Talcott, Inc., New York, New York. Richmond Potcmac Bancorp, Inc., Kevser, West Virginia — to engage de novo (providing to others financially related data processing and data transmission services, facilities, and data bases; or access to them) through its subsidiary, Eastern Servicecenter, Inc., Keyser, West Virginia. The activity would be conducted in Maryland and West Virginia. (10/23/85) Atlanta CB&T Bancshares, Inc., Columbus, Georgia — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, Calumet Discount Brokerage Services, Inc., Columbus, Georgia. The activity will be conducted throughout Georgia. (10/11/85) Chicago Comerica Incorporated, Detroit, Michigan — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through a proposed new subsidiary, Comerica Brokers, Inc., Detroit, Michigan. (10/21/85) Chicago NBD Bancorp, Inc., Detroit, Michigan — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, NBD Securities, Inc., Detroit, Michigan. It will also engage in the sale at retail of tax-exempt securities and money market instruments. The geographic area to be served will be throughout the United States. (10/25/85) Chicago Northern Trust Corporation, Chicago, Illinois — for approval to execute futures contract on stock indexes and options of such futures contract and to provide futures advisory services to its customers through its wholly-owned subsidiary, Northern Futures Corporation, Chicago, Illinois. St. Louis Magnolia Bancshares, Inc., Hodgenville, Kentucky — to engage de novo (making, acquiring and/or servicing loans for itself or for others of the type made by a consumer finance company) through its subsidiary, Magnolia Mortgage Company, Inc., Hodgenville, Kentucky. (10/21/85) - 18 - H.2, 1985 No. 42 APPLICATIONS RECEIVED - Continued San Francisco Metro Bancorp, Incorporated, Phoenix, Arizona — to acquire MB Mortgage Canpany, Phoenix, Arizona and thereby engage in brokering, servicing, originating and selling loans. San Francisco Rainier Bancorporation, Seattle, Washington — to engage de novo (discount securities brokerage activities including certain securities credit and incidental activities) through its subsidiary, Rainier Brokerage Services, Inc., Seattle, Washington. (10/24/85) * * * * * REPORTS RECEIVED Agreements Filed Pursuant to Section 8 of the Securities Exchange Act of 1934 New York Banca Popolare di Milano - New York Branch — has filed an agreement with the Federal Reserve Bank of New York (which is authorized to accept such agreements on behalf of the Board of Governors under delegated authority) undertaking to comply with all provisions which relate to the use of credit to finance transactions in securities. * * * * * PETITIONS FOR RULEMAKING None.
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