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ANNOUNCEMENT BY
m a m OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1978 No. 43)
Actions of the Board; Applications and Reports
Received During the Week Ending October 28, 1978
ACTIONS OF THE BOARD
Equal Credit Opportunity, the Board proposes to make
several changes in its Regulation B that would
broaden the scope of the regulation; the Board requested comment by December 26, 1978 (Docket No.
R-0185)
Regulation Z, right of rescission, the Board has amended
disclosure requirements to emphasize consumer's rights
in connection with a change in the terms of an open end
credit plan secured by a consumer's residence, effective
immediately.
The Board announced approval of several technical changes
affecting registration of bank holding companies or
applications for their expansion; the Board revised its
rules of procedures for handling requests for reconsideration of Board decisions and for the handling of requests
for hearings and comments on applications. (Docket No.
R-0184)
Exchange Bancorporation, Inc., Tampa, Florida, extension
of time to January 31, 1979, within which to acquire
The Vanderbilt Bank, Naples, Florida. 1/
First Security Corporation, Salt Lake City, Utah, extension
of time to February 5, 1979, within which to acquire
the shares of First Security State Bank of Ogden, Ogden,
Utah, and an extension of time to February 5, 1979, within which to open the bank for business. 1/
Pioneer Bank, North Branch, Illinois, to make an investment
in bank premises. 1/
Central Bank, Monroe, Louisiana, extension of time to
November 15, 1979, within which to establish a branch
at 2211 Forsythe Avenue, Monroe, Louisiana. 1/
17 Application processed on behalf of the Board Governors under delegated
authority.




H.2, 1978 No. 43

—

2

—

ACTIONS OF THE BOARD-Continued
Farmers and Merchants Bank of Central California, Lodi,
California, extension of time to November 6, 1979,
within which to establish a branch in the vicinity of
lower Sacramento Road and Sargent Road, Lodi, California.

1/

First Commercial Bank, Chicago, Illinois, extension of
time to November 30, 1978, within which to establish
a branch at 2201 West Howard, Chicago, Illinois. 1/
Mountain Empire Bank, Johnson City, Tennessee, requesting
an additional extension of time to November 24, 1979,
within which to establish a branch at 1006 South Roane
Street, Johnson City, Tennessee. 1/
United California Bank, Los Angeles, California, extension
of time to May 10, 1979, within which to establish an
office in the vicinity of the intersection of Lindbrook
Drive and Gay ley Avenue in the Westwood Village District
of the City of Los Angeles, California. 1/
United California Bank, Los
of time to June 22, 1979,
office in the vicinity of
Village Drive and Genesee

V

Angeles, California, extension
within which to establish an
the intersection of La Jolla
Avenue, San Diego, California.

Citibank, N.A., New York, New York, requesting an
additional one-year extension cf time within which to
complete its acquisition of the remaining 157 shares
of Citibank (Austria).

1/

American Bank, Clinton, Mississippi, proposed merger with
Bank of Vicksburg, Vicksburg, Mississippi, report to
the Federal Deposit Insurance Corporation on competitive
factors. 1/
Century National Bank, Boynton Beach, Florida, proposed
merger with Century National Bank of Palm Beach County,
West Palm Beach, Florida; report to the Comptroller of
the Currency on competitive factors. 1/

V

Applications processed on behalf of the Board of Governors under delegated
authority.




- 3 -

H.2, 1978 No. 43

ACTIONS OF THE BOARD-Continued
To Establish a Domestic Branch Pursuant to Section 9
of the Federal Reserve Act
Approved
First Citizens Bank and Trust Company, Poplarville,
Mississippi. Branch to be established at the
corner of McGeehee Street and Williams Avenue,
Picayune, 2/
The Harvard Tower Bank, Tulsa, Oklahoma. Branch to
be established at 3000 East 51st Street, Tulsa. 2/
Citizens Bank of New Haven, New Haven, Missouri.
Branch to be established at 100 Front Street, New
Haven, Franklin County. 2/
*

* * * *

To Become a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Approved
Bank of Bland County, Bland, Virginia. 2/
Bank of Surry County, Inc., Surry, Virginia. 2/
The George Mason Bank, Fairfax, Virginia. 2/
First Virginia Bank-Eastern Shore, Onancock, Virginia. 2/
*

*

*

*

*

International Investments and Other Actions Pursuant
to Sections 25 and 25(a) of the Federal Reserve Act
and Sections 4(c) (9) and 4(c) (13) of the Bank Holding
Company Act of 1956, as amended
Approved
Citibank, N.A., New York, New York: grants Citibank
Overseas Investment Corporation, Wilmington, Delaware:
(1) an extension of time until February 11, 1979, for
the divestiture by IAC (Holdings) Limited, (IACH),
Melbourne, Australia, of Inciti Development Pty, Ltd.,
and (2) an extension of time until August 11, 1979,
for IACH to divest T. M. Burke Holdings Pty. Ltd.
2/ Applications processed by Reserve Bank on behalf of the Board of
Governors under delegated authority.




— 4 —

H.2, 1978 No. 43

ACTIONS OF TIBS BQARD-Continued
To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Approved
Bankers Trust Company, New York, New York: grants
permission to establish a branch in Seoul, Korea.
*

*

*

*

*

To Form a Bank Holding Company Pursuant to Section
3(a) (1) of the Bank Holding Company Act of 1956
Approved
Commercial Bankshares, Inc., Griffin, Georgia, for approval
to acquire 100 per cent of the voting shares of the
successor by merger to Commercial Bank and Trust Company,
Griffin, Georgia and 69.2 per cent of the voting shares of
Concord Banking Company, Concord, Georgia.
West Georgia Financial Corporation, Tallapoosa, Georgia,
for approval to acquire 100 per cent of the voting
shares of West Georgia Bank of Tallapoosa, Tallapossa,
Georgia. 2/
The Retirement Research Foundation, Park Ridge, Illinois,
for approval to retain 99 per cent of the voting shares
of Citizens Bank and Trust Company, Park Ridge, Illinois.
Century Bancshares Corporation, St. Louis, Missouri, for
approval to acquire 80 per cent or more of the voting
shares of North St. Louis Trust Company, St. Louis,
Missouri. 2/
THE FISCHER CORPORATION, Lewiston, Minnesota, for
approval to acquire 84.4 per cent of the voting
shares of Security State Bank of Lewiston, Lewiston,
Minnesota. 2/
First Temple
to acquire
qualifying
State Bank

Corp., Temple, Oklahoma, for approval
more than 80 per cent (less directors1
shares) of the voting shares of First
in Temple, Temple, Oklahoma. 2/

27 Applications processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.




H.2, 1978 No. 43

5 ACTIONS OF TPIC BOARD-Continued

Loomis Company, Omaha, Nebraska, for approval to acquire
80 per cent or more of the voting shares of First
State Bank, Loomis, Nebraska.
*

*

*

*

*

To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Approved
Barnett Banks of Florida, Inc., Jacksonville, Florida,
for approval to acquire 80 per cent or more of the
voting shares of Peoples State Bank of New Port Richey,
New Port Richey, Florida.
SBT Corporation, Savannah, Georgia, for approval to
acquire 100 per cent of the voting shares of Bank of
Screven County, Sylvania, Georgia. 2/
F.N.B.C. of La Grange, Inc., La Grange, Illinois, for
approval to acquire 36.853 per cent of the voting
shares of First National Bank of La Grange, La Grange,
Illinois. 2/
Southwest Bancshares, Inc., Houston, Texas, for approval
to acquire 100 per cent (less directors1 qualifying
shares) of the voting shares of the successor by merger
to Gulf Freeway National Bank, Houston, Texas. 2/
*

*

*

*

*

To Expand a Bank Holding Company Pursuant to Section
3(a) (5) of the Bank Holding Company Act of 1956
Withdrawn
FirstBancorp, Inc., New Haven, Connecticut, for approval
to merge with The Connecticut BancFederation, Inc.,
Hartford, Connecticut and direct or indirect ownership
of 100 per cent of the voting shares of the Guaranty
Bank and Trust Company, Hartford, Connecticut, New Britain
Bank and Trust Company, New Britain, Connecticut and The
Terryville Trust Conpany, Terryville, Connecticut.
2/ Applications processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.




H.2, 1978 No. 43

6

™~

ACTIONS OF TIBS BOARD-Continued
To Expand a Bank Holding Company Pursuant to Section
4(c) (8) of the Bank Holding Company Act of 1956
Approved
NCNB Corporation, Charlotte, North Carolina, for approval
to acquire TranSouth Financial Corporation including
TranSouth Mortgage Corporation (all activities except
selling physical damage insurance) , Florence, South
Carolina.
NCNB Corporation, Charlotte, North Carolina, for approval
to acquire TranSouth Financial Corporation and TranSouth Mortgage Corporation (to continue selling, as
agent, physical damage insurance), Florence, South
Carolina.
Century Bancshares Corporation, St. Louis, Missouri, for
approval to engage de novo in acting as agent or broker
in the sale of credit life and credit accident and health
insurance directly related to extensions of credit made
or acquired by North St. Louis Trust Company, St. Louis,
Missouri. 2/
Permitted
Chemical New York Corporation, New York, New York, notification
of intent to engage in de novo activities (leasing real
and personal property and equipment on a non-operating,
full payout basis, and acting as agent, broker and advisor
with respect to such leases; financing real and personal
property and equipment such as would be done by a commercial
finance company and servicing such extensions of credit)
at Four Gateway Center, Suite 220, 444 Liberty Avenue,
Pittsburgh, Pennsylvania, New England Executive Park, Route
128, Burlington, Massachusetts and 8095 Belleview Avenue,
Englewood, Colorado, through its subsidiary, ChemLease,
Inc. (10/22/78) 3/
Citicorp, New York, New York, notification of intent to
engage in de novo activities (making loans to individuals
(for personal, family or household usage) and businesses
to finance the purchase of mobile homes, modular units
or related manufactured housing together with the real
property to which such housing will be permanently affixed,
such property being used as the security of the loans;
sale of credit related life and accident and health insurance to cover the outstanding balances of credit trans2/ Applications processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.
3/ 4(c)(8) and 4(c)(12) notifications processsed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1978 No. 43

- 7 .ACTIONS OF THE BO/vRD-Continued
actions (singly or jointly with co-signers) in case
of the obligor's disability
licensed agents or
brokers to the extent permissible under applicable
State insurance laws and regulations; the sale of
credit related property and casualty insurance protecting such property subject to a security agreement
with Citicorp Person-to-Person Financial Center, Inc.
and to include liability coverage where such is the
general practice by licensed agents or brokers to the
extent permissible under applicable State insurance
laws and regulations; credit related decreasing term
life Insurance and accident and health insurance may
be directly insured or reinsured by Family Guardian
Life Insurance Company, an affiliate of Citicorp
Person-to-Person Financial Center, Inc.) at 9000 Keystone Crossing, Suite 110, Indianapolis, Indiana,
through its subsidiary, Citicorp Person-to-Person
Financial Center, Inc. (10/22/78) 3/

Manufacturers Hanover Corporation, New York, New York,
notification of intent to engage in de novo activities (arranging, making or acquiring for its own
account or for the account of others, loans and other
extensions of credit such as would be made or acquired
by a mortgage company; servicing such loans and other
extensions of credit; and engaging through an indirect
subsidiary, known as CMC Insurance Agency, Inc., in
acting as insurance agents or broker for the sale of
credit life and credit accident, and health insurance
relating to such loans and other extensions of credit)
at Woodfield Executive Plaza, 600 Woodfield Dr.,
Schaumburg, Illinois, through its subsidiary, Citizens
Corporation (10/23/78) 3/
Union Trust Bancorp, Baltimore, Maryland; notification of
intent to engage in de novo activities (making installment loans to individuals for personal, family or household purposes, purchasing sales finance contracts executed
in connection with the sale of personal, family or household goods or services; acting as agent in the sale of
credit accident and health inst.irance directly related to
its extensions of credit; and acting as agent in the sale
of insurance protect m g col
rqainst its extensions of credit) a.- ',(W ' I '"tr,-ut, Meridian,
Mississippi tb c oi icfh i ^ ^ - \ibL i:.,, * - v . l.u ndmark Financial
1 /Servi >
^
-y.Vi.ii-'*\ >
w ri of

37

4 (c) (8) and 4 (c:j~T±2) • k,^
Lions
of the Board of Gove r k ..




vi.,.

in

, ve Bank on behalf

H.2, 1978 No. 43

~

8

-

ACTIONS OF TIP? BOAl^D-Continued
FBT Baiicshares, Inc., Duncan, Oklahoma, notification of
intent to continue to engage in de novo activities
(the sale of decreasing term credit life insurance,
level term credit life insurance (on single payment
notes only), credit accident and health insurance
which are sold in connection with extensions of credit
by Applicant's subsidiary bank, First Bank and Trust
Company, Duncan, Oklahoma and to transfer the activity
to FBT Bancshares Insurance Agency, Inc., a proposed
indirect subsidiary, which stock will be entirely owned
by FBT Bancshares Insurance Agency Trust, a proposed
business trust in which Applicant will acquire a 100
per cent beneficial interest) on the premises of
Applicant's subsidiary bank, First Bank and Trust Company,
911 West Main, Duncan, Oklahoma (10/26/78) 3/
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making
or acquiring, for its own account loans and other extensions of credit such as would be made or acquired by
a finance company and servicing loans and other extensions
of credit; such activities will include, but not be
liinited to, making consumer installment loans, purchasing
installment sales finance contracts, making loans and
other extensions of credit to small businesses, and making
loans secured by real and personal property? and the
offering of credit related life, credit related accident
and disability insurance, and credit related property insurance in connection with extensions of credit made or
acquired by FinanceAmerica Corporation) at 151 Jamacha
Boulevard, El Cajon, California, through its indirect
subsidiary, FinanceAmerica Corporation (a California
Corporation) (10/26/78) 3/
BankAmerica Corporation, San Francisco, California, notification of intent to engage in de novo activities (making
or acquiring, for its own account loans and other extensions
of credit such as would be made or acquired by a finance
company and servicing loans and other extensions of credit;
such activities will include, but not be limited to, making
consumer installment loans, purchasing installment sales
finance contracts, making loans and other extensions of
credit to small businesses, and making loans secured by
real and personal property; and the offering of credit
related life, and credit related accident and disability
insurance in connection with extensions of credit made or
37 4 (c) (8) and 4 (c) (12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




e
H.2, 1978 No. 43

- 9 ACTIONS OF THE BOARD-Continued
acquired by FinanceAmerica Corporation) at 633 Tilton
Road, Northfield, New Jersey, through its indirect
subsidiary, FinanceAmerica Corporation (a New Jersey
Corporation) (10/23/78) 3/

Wells Fargo & Company, San Francisco, California, notification of intent to engage in de novo activities (making
or acquiring loans and other extensions of credit, including acquiring consumer installment loans originated
by others, and making or acquiring commerical loans secured
by a borrower's or a guarantor's assets; servicing loans
for the account of others; making full pay-out leases
of personal property to the extent permitted by Section
225.4(a)(6)(a) of Regulation Y of the Federal Reserve
Board, and acting as agent for credit life or accident
and health insurance related to its extensions of credit ;
such services will be offered in the Phoenix, Arizona,
metropolitan area to the following types of accounts;
finance companies, banks, and other lending institutions;
manufacturers, distributors, and other corporations or
businesses, and individuals) at 6900 East Camelback
Road, Scottsdale, Arizona, 3101 West Peoria Avenue,
Phoenix, Arizona and 4520 North Central Avenue, Phoenix,
Arizona, through its subsidiary, Wells Fargo Credit
Corporation (10/28/78) 3/

3/

4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




11.2, 1978 No. 43




- 10

APPLICATIONS RECEIVED
To Became a Member of the Federal Reserve System
Pursuant to Section 9 of the Federal Reserve Act
Western Home Bank, Salt Lake City, Utah.
*

*

*

*

*

To Merge Pursuant to Section 18 (c) of the Federal
Deposit Insurance Act
First Virginia Bank, Falls Church, Virginia to merge
with First Virginia Bank-Manassas National, Manassas,
Virginia.
*

*

*

*

*

To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Morgan Guaranty Trust Company, New York, New York:
request consent to establish an initial branch
in Madrid, Spain.
*

*

*

*

*

To Form a Bank Holding Company Pursuant to Section
3 (a) (1) of the Bank Holding Company Act of 1956
Carroll County Bancshares, Inc., Carroll, Icwa, for
approval to acquire 80 per cent or more of the voting shares of Carroll County State Bank, Carroll,
Icwa.
Minneapolis Holding Company, Minneapolis, Minnesota,
for approval to acquire 97.0 per cent of the voting
shares of Bank of Minneapolis and Trust Company,
Minneapolis, Minnesota.
Rushford Bancorporation, Inc., Rushford, Minnesota,
for approval to acquire 92 per cent of the voting
shares of The First National Bank of Rushford,
Rushford, Minnesota.

13.2, 1978 No. 43




- 11 APPLICATIONS RECEIVED-Continued

Corning Investment Company, Inc., Atchison, Kansas,
for approval to acquire 80.68 per cent of the
voting shares of The Farmers State Bank of Corning,
Coming, Kansas.
First Apache Bancshares, Inc., Apache, Oklahoma, for
approval to acquire more than 80 per cent (less
directors' qualifying shares) of the voting shares
of The First National Bank of Apache, Apache, Oklahoma.
Panhandle Bancshares Corporation, Guymon, Oklahoma, for
approval to acquire 80 per cent or more of the voting
shares of Bank of the Panhandle, Guymon, Oklahoma.
DeSoto Financial Corporation, DeSoto, Texas, for approval
to acquire 89.66 per cent of the voting shares of
DeSoto State Bank, DeSoto, Texas.
Lockney Bancshares, Inc., Lockney, Texas, for approval to
acquire 80-100 per cent (less directors' qualifying
shares) of the voting shares of First National Bank in
Lockney, Lockney, Texas.
Mid-Tex Bancshares, Inc., Brownwood, Texas, for approval
to acquire 81.1296 per cent of the voting shares of The
Southwest State Bank, Bravnwood, Texas.
*

*

*

*

*

To Expand a Bank Holding Company Pursuant to Section
3(a) (3) of the Bank Holding Company Act of 1956
Society Corporation, Cleveland, Ohio, for approval
to acquire 100 per cent (less directors' qualifying
shares) of the voting shares of the successor by
merger to First National Bank of Clermont County,
Bethel, Ohio.
Citizens Ban-Corporation, Rock Port, Missouri, for
approval to acquire 95.31 per cent (less directors'
qualifying shares) of the voting shares of Farmers &
Merchants Bank of Elmo, Elmo, Missouri.
First City Bancorporation of Texas, Inc., Houston, Texas,
for approval to acquire 100 per cent of the voting shares
(less directors' qualifying shares) of First City
Bank - Bear Creek, Harris County, Texas, a proposed new
bank.

H.2, 1978 No. 43

- 1 2 -

APPLICATIONS RECEIVED-Continued
Republic of Texas Corporation, Dallas, Texas, for
approval to acquire 100 per cent of the voting
shares, (less directors' qualifying shares) of
The First National Bank of Piano, Piano, Texas.

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
The Bank of Nova Scotia, Toronto, Canada, notification
of intent to engage in de novo activities (activities
that may be performed or carried on by a trust company,
in the manner authorized by State law and in accordance
with 225.4(a)(4) of Regulation Y of The Board of
Governors of the Federal Reserve System, including
acting as a trustee and operating trust accounts, acting
as a transfer agent, registrar and paying agent for
issuers of securities, acting as a managing agent for
such owners or investors, acting as an escrow agent
making call loans to securities dealers, and accepting
deposits generated from trust funds not currently invested or representing funds received for a special use
in the capacities described above) at 67 Wall Street, New
York, New York, through its subsidiary, The Bank of Nova
Scotia Trust Company of New York (10/23/78) 3/
Manufacturers Hanover Corporation, New York, New York,
notification of intent to engage in de novo activities
(acting as an agent or broker for the sale of property
damage and liability insurance which is related to
loans and other extension of credit such as would be
made by a sales finance company including the purchase
of sales finance contracts, acquired or serviced by
Ritter Finance Company, Inc. of Kentucky) at 201 South
Main Street, Lawrenceburg, Kentucky and 11406 Shelbyville
Road, Louisville, Kentucky, through its subsidiary,
Ritter Finance Company, Inc. of Kentucky (10/25/78) 3/
Mellon National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(making or acquiring, for its own accounts or the accounts
of others, loans and other extensions of credit such as
would be made by a mortgage company; acting as insurance
37 4 (c) (8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1978 No. 43

-13APPLICATIONS RECEIVED-Contiiiued
agency in connection with credit life and disability
insurance which is directly related to the extension
of credit or provision of other financial services
by Carruth Mortgage Corporation) at 100 Ormond Blvd.,
La Place, Louisiana, through its wholly-owned subsidiary,
Carruth Mortgage Corporation, New Orleans , Louisiana
(10/23/78) 3/

Pittsburgh National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(mortgage banking, including the making or acquiring and
servicing for its own accounts or the accounts of others,
loans and other extensions of credit) in the general
eastern geographical location of the metropolitan area
of Albuquerque, New Mexico, through its wholly-owned
subsidiary, The Kissell Company (10/25/78) 3/
Pittsburgh National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(mortgage banking, including the making or acquiring and
servicing for its own accounts or the accounts of others,
loans and other extensions of credit) at 2015 Staples Mill
Road, Blue Cross Building, Richmond, Virginia, through
its wholly-owned subsidiary, The Kissell Company, through
its subsidiary, Kissell Virginia, Inc. (10/23/78) 3/
Financial General Bankshares, Inc., Washington, D.C., for
approval to retain the shares of National Mortgage
Corporation, Washington, D.C.
West Georgia Financial Corporation, Tallapoossa, Georgia,
for approval to engage in the sale, as agent, of credit
life and credit accident and health insurance directly
related to extensions of credit by West Georgia Bank of
Tallapoosa, Georgia. 2/
Republic Bancorp Co., Chicago, Illinois, notification of
intent to continue to engage in de novo activities (sales
of life, health and accident insurance policies commonly
knovvn in the insurance and banking industries as credit
and mortgage life insurance policies) at 6501 South Pulaski
Road, Chicago, Illinois, through its subsidiary, DRB
Insurance Agency, Inc. (10/25/78) 3/
2/ Applications processed by the Reserve Bank on behalf of the Board of
Governors under delegated authority.
3/ 4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of
of the Board of Governors under delegated authority.




I I. 2 r 1978 No. 43

™ 14 /^PLICATIONS RECFIVED-Continued

First Apaclic Bancshares, Inc., Apaciie, Oklahoma,
for approval to acquire the benef icial interest in
First Apache Business Trust, Apache, Oklahoma, and
thereby to indirectly acquire the shares of First
Apache Insurance Agency, Inc., Oklahoma.
Tracy Bancorp, Salt Lake City, Utah, notification of
intent to engage in de novo activities (the purchase
and leasing of equipment and other personal property)
at 107 South Main Street, Salt Lake City, Utah
(10/20/78) 3/
Wells Fargo & Company, San Francisco, California,
notification of intent to engage in de novo activities
(making or acquiring, loans and other extensions of
credit, including acquiring consumer installment loans
originated by others, and making or acquiring commercial
loans secured by a borrower's or a guarantor's assets;
servicing loans for the account of others, making full
pay-out leases of personal property to the extent permitted by Section 225.4(a) (6) (a) of Regulation Y of the
Federal Reserve Board; and acting as agent for credit/
life or accident and health insurance related to its
extensions of credit; services will be offered in the
Phoenix metropolitan area to the following types of
accounts: finance companies, banks, and other lending
institutions; manufacturers, distributors, and other
corporation or businesses, and individuals) at 8009
Via de Ventura, Scottsdale, Arizona, through its subsidiary,
Wells Fargo Credit Corporation (10/20/78) 3/
*

*

*

*

*

To Expand a Bank Holding Company Pursuant to Section
4(c) (12) of the Bank Holding Company Act of 1956
Gamble-Skogmo, Inc., Minneapolis, Minnesota, notification
of intent to acquire approximately 50 per cent of the
outstanding and issued stock of Aristar, Inc., Coral
Gables, Florida (10/24/78) 3/
Baldwin-United Corporation, Cincinnati, Ohio, notification of intent to acquire up to 100 per cent of the
outstanding common stock of College/University Holding
Corporation, a company to be formed for the purpose
of acquiring up to 100 per cent of the common stock of
3/ 4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.




H.2, 1978 No. 43

- 15 APPLICATIONS RECEIVED-Cantinued
College/University Corporation, Indianapolis, Indiana,
and its wholly-owned subsidiaries which are engaged in
the Life Insurance Business (10/23/78) 3/
* * * * *

REPORTS RECEIVED
Registration Statement filed Pursuant to Section 12(g)
of the Securities Exchange Act
The First State Bank, Abilene, Texas (Amendment #1)
* * * * *

Proxy Statement (Special Meeting) filed Pursuant to
Section 14(a) of the Securities Exchange Act
Seattle Trust & Savings Bank, Seattle, Washington.
*

*

*

*

*

PETITIONS FOR RULEMAKING
None.

37 4(c)(12) and 4(c)(12) notifications processed by Reserve Bank on behalf
of the Board of Governors under delegated authority.