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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM ( H . 2 , 1980 No. 40) 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 APPLICABLE RESERVE BANK Received During t h e Wedc Ending October 4 , 1980 ACTIONS OF THE BOARD R e g u l a t i o n K, I n t e r n a t i o n a l Banking O p e r a t i o n s , t h e Board i s s u e d f i n a l r e g u l a t i o n s implementing p r o v i s i o n s of the I n t e r n a t i o n a l Banking Act t h a t l i m i t t h e i n t e r s t a t e banki n g a c t i v i t i e s of f o r e i g n banks i n the United S t a t e s ; t h e r e g u l a t i o n s become e f f e c t i v e October 2, 1980. (Docket No. 0258) R e g u l a t i o n E, t e c h n i c a l amendments, e f f e c t i v e October 3 , 1980, to implement t h e E l e c t r o n i c Fund T r a n s f e r Act; and a p r o posed amendment to be I s s u e d f o r p u b l i c comment; t h e Board r e q u e s t e d comment on i t s p r o p o s a l by November 5, 1980. Over-the-counter stocks, revised l i s t published. Chicago A n t i o c h B a n c s h a r e s , I n c . , A n t l o c h , I l l i n o i s , e x t e n s i o n of time t o December 22, 1980, w i t h i n which to become a bank h o l d i n g company through t h e a c q u i s i t i o n of 100 percent of t h e v o t i n g s h a r e s of the s u c c e s s o r by merger to The F i r s t N a t i o n a l Bank of A n t i o c h , A n t i o c h , I l l i n o i s . 1J Atlanta C r e d i t b a n k S h a r e s , I n c . , Hollywood, F l o r i d a , e x t e n s i o n of time t o J a n u a r y 3 , 1981, w i t h i n which to become a bank h o l d i n g company by a c q u i r i n g s h a r e s of C r e d i t b a n k , Miami, F l o r i d a . V Kansas C i t y E q u i t a b l e Bankshares of C o l o r a d o , I n c . , Denver, C o l o r a d o , e x t e n s i o n of time to F e b r u a r y 7 , 1981, w i t h i n which to c o n summate the a c q u i s f t i o n of The Women's Bank, N . A . , Denver, C o l o r a d o . 1/ Dallas E x t r a C o . , Temple, T e x a s , e x t e n s i o n of time to December 3 1 , 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 F i r s t N a t i o n a l Bank of Temple, Temple, T e x a s . 1/ 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. i H.2, 1980 No. 40 — 2 — ACTIONS OF THE BOARD-Continued Chicago FIRST BLOOMINGTON CORPORATION, Bloomington, I l l i n o i s , e x t e n s i o n of time to December 30, 1980, w i t h i n which to become a bank h o l d i n g company through the a c q u i s i t i o n of 100 p e r c e n t of the v o t i n g s h a r e s of The N a t i o n a l Bank of Bloomington, Bloomington, I l l i n o i s . 1/ Dallas F i r s t Duncanville Corporation, Duncanville, Texas, extension of time t o December 30, 1980, w i t h i n which to a c q u i r e F i r s t N a t i o n a l Bank of D u n c a n v i l l e , D u n c a n v i l l e , T e x a s . 1/ Minneapolis F i r s t N a t i o n a l C o r p o r a t i o n i n Ontonagon, Ontonagon, Michigan, e x t e n s i o n of time w i t h i n which to consummate the a c q u i s i t i o n of t h e F i r s t N a t i o n a l Bank i n Ontonagon, Ontonagon, Michigan. 1/ San Francisco F i r s t S e c u r i t y C o r p o r a t i o n , S a l t Lake C i t y , U t a h , e x t e n s i o n of time t o J a n u a r y 29, 1981, w i t h i n which to a c q u i r e F i r s t S e c u r i t y Bank of S t . George, N . A . , S t . George, Utah, a p r o posed new bank. If Kansas C i t y F i r s t B a n k Holding Company, Lakewood, C o l o r a d o , e x t e n s i o n of time to J a n u a r y 12, 1981, w i t h i n which to open t h e f o l l o w i n g banks: F i r s t B a n k of G o v e r n o r ' s Ranch, N . A . , Denver, Colorado and F i r s t B a n k of V i l l a I t a l i a , N.A., Lakewood, C o l o r a d o , a proposed new bank. 1/ Boston I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , a two-year e x t e n s i o n of time w i t h i n which to d i s p o s e of c e r t a i n r e a l e s t a t e . 1/ New York Key Banks I n c . , Albany, New York, r e q u e s t i n g an e x t e n s i o n of t i m e w i t h i n which to a c q u i r e C i t i z e n s N a t i o n a l Bank and T r u s t Company, W e l l s v i l l e , New York. 1/ Kansas C i t y Mountain Banks, L t d . , Denver, C o l o r a d o , e x t e n s i o n of time t o J a n u a r y 21, 1981, w i t h i n which to consummate the a c q u i s i t i o n of L o u i s v i l l e Mountain Bank, N . A . , L o u i s v i l l e , C o l o r a d o . 1/ Kansas C i t y Mountain F i n a n c i a l S e r v i c e s , I n c . , Denver, Colorado, e x t e n s i o n of time t o J a n u a r y 11, 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 L o u i s v i l l e S t a t e Bank, L o u i s v i l l e , C o l o r a d o . 1/ If A p p l i c a t i o n p r o c e s s e d by on b e h a l f of the Board of Governors under d e l e g a t e d authority. H . 2 , 1980 No. 40 - 3 ACTIONS OF THE BOARD-Continued Boston P a t r i o t B a n 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 , e x t e n s i o n of time t o J a n u a r y 2 , 1981, t o form a bank h o l d i n g company through the a c q u i s i t i o n of Harbor N a t i o n a l Bank of B o s t o n , Boston, M a s s a c h u s e t t s and B r o o k l i n e T r u s t Company, B r o o k l i n e , M a s s a c h u s e t t s . JL/ Cleveland P e o p l e s Bancorp I n c . , M a r i e t t a , O h i o , e x t e n s i o n of time to December 26, 1980, w i t h i n which to a c q u i r e t h e P e o p l e ' s Banking and T r u s t Company, M a r i e t t a , O h i o . 1 / S t . Louis Union of A r k a n s a s C o r p o r a t i o n , L i t t l e Rock, A r k a n s a s , e x t e n s i o n of time to J a n u a r y 12, 1981, w i t h i n which to become a bank h o l d i n g company through t h e a c q u i s i t i o n of t h e Union N a t i o n a l Bank of L i t t l e Rock, L i t t l e Rock, A r k a n s a s . V Richmond Wachovia C o r p o r a t i o n , Winston-Salem, North C a r o l i n a , a twoy e a r e x t e n s i o n of time w i t h i n which to d i v e s t i t s ownership i n r e a l e s t a t e i n d i r e c t l y h e l d i n a j o i n t v e n t u r e through i t s wholly-owned s u b s i d i a r y , Wachovia Mortgage Company, Winston-Salem, North C a r o l i n a . JL/ Dallas West Side B a n c s h a r e s , I n c . , San Angelo, T e x a s , e x t e n s i o n of time to December 1, 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 West Side N a t i o n a l Bank of San Angelo, San Angelo, T e x a s . 17 Cleveland Bank of C o r n i n g , Corning, Ohio, t o i n v e s t In bank p r e m i s e s . V Richmond C e n t r a l F i d e l i t y Bank, N o r f o l k , V i r g i n i a , to i n v e s t i n bank premises. JL/ Chicago C i t i z e n s Bank and T r u s t Company, Park R i d g e , I l l i n o i s , t o i n v e s t i n bank p r e m i s e s . J L / Richmond N o r t h e r n V i r g i n i a Bank, S p r i n g f i e l d , V i r g i n i a , t o i n v e s t in bank p r e m i s e s . V Cleveland S t . Henry Bank, S a i n t Henry, Ohio, t o i n v e s t i n bank p r e m i s e s . JL/ 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 , e x t e n s i o n of time to A p r i l 24, 1981, w i t h i n which to e s t a b l i s h a branch i n t h e v i c i n i t y of t h e i n t e r s e c t i o n of G r e e n l e a f Avenue and Penn S t r e e t (a motor banking f a c i l i t y to s u p p o r t the o p e r a t i o n s of i t s W h i t t i e r main o f f i c e ) , W h i t t i e r , C a l i f o r n i a . JL/ 1/ 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. 40 - 4 ACTIONS OF THE BOARD-Contlnued New York United J e r s e y Bank's, P r i n c e t o n , New J e r s e y , r e q u e s t i n g an a d d i t i o n a l e x t e n s i o n of t i m e w i t h i n which to d i v e s t of P o s e i d o n P o o l s , I n c . 1/ New York United S t a t e s T r u s t Company of New York, New York, New York, e x t e n s i o n of time w i t h i n which to open a branch o f f i c e a t 9 - 1 1 West 5 4 t h S t r e e t , New York, New York. JL/ San F r a u d sco D e r e g i s t r a t i o n u n d e r R e g u l a t i o n G f o r 0 Bee C r e d i t Union, Tumwater, Washington. V Dallas D e r e g i s t r a t i o n u n d e r R e g u l a t i o n G f o r the f o l l o w i n g : RandolphBrooks F e d e r a l C r e d i t Union, U n i v e r s a l C i t y , Texas; Richmond P r o d u c t i o n C r e d i t A s s o c i a t i o n , Sugar Land, Texas; and f o r Roswell P r o d u c t i o n C r e d i t A s s o c i a t i o n , R o s w e l l , New Mexico. 1/ Chicago Aurora N a t i o n a l Bank, A u r o r a , I l l i n o i s , p r o p o s a l t o merge w i t h C i t i z e n s N a t i o n a l Bank of A u r o r a , I l l i n o i s , under t h e c h a r t e r • and t i t l e of Aurora N a t i o n a l Bank, A u r o r a , I l l i n o i s ; r e p o r t to t h e C o m p t r o l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . J L / San Francisco Bank of Olympia, Olympia, Washington, proposed merger w i t h Puget Sound N a t i o n a l Bank, Tacoma, Washington; r e p o r t to t h e C o m p t r o l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . V Philadelphia B u r l i n g t o n County N a t i o n a l Bank, Medford, New J e r s e y , proposed merger w i t h 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 , u n d e r t h e c h a r t e r and t i t l e of G u a r a n t e e Bank; 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/ Chicago CG Bank, C a r y , I l l i n o i s , proposed merger with Suburban Bank of Cary-Grove, Cary, I l l i n o i s , u n d e r the c h a r t e r and t i t l e of Suburban Bank of Cary-Grove, C a r y , I l l i n o i s ; 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/ Dallas C i t i z e n s Bank, R i c h a r d s o n , T e x a s , p r o p o s a l t o merge w i t h New C i t i z e n s Bank, R i c h a r d s o n , Texas; r e p o r t to t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . V Richmond C i t i z e n s Bank and T r u s t Company of Maryland, R i v e r d a l e , Maryland, proposed merger w i t h Century N a t i o n a l Bank, Chevy Chase, Maryland; 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 . V 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. H . 2 , 1980 No. 40 - 5 ACTIONS OF THE BOARD-Continued S t . Louis City N a t i o n a l Bank of F o r t Smith, Fort Smith, A r k a n s a s , p r o p o s a l t o merge with T h i r d N a t i o n a l Bank of F o r t Smith, Arkansas; 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/ Chicago F i r s t N a t i o n a l Bank of Des P l a i n e s , I l l i n o i s , p r o p o s a l to merge with P r a i r i e Lee N a t i o n a l Bank, Des P l a i n e s , I l l i n o i s , under the c h a r t e r and t i t l e of The F i r s t N a t i o n a l Bank of Des P l a i n e s , Des P l a i n e s , I l l i n o i s ; r e p o r t to t h e C o m p t r o l l e r of the Currency on c o m p e t i t i v e f a c t o r s . JL/ Atlanta F i r s t N a t i o n a l Bank of F l o r i d a , Tampa, F l o r i d a , proposed merger w i t h I n t e r City N a t i o n a l Bank of B r a d e n t o n , B r a d e n t o n , F l o r i d a , and N a t i o n a l Bank of C o l l i e r County, Marco I s l a n d , F l o r i d a ; r e p o r t to the C o m p t r o l l e r of the Currency on competi t i v e f a c t o r s • 1J Philadelphia F i r s t N a t i o n a l Bank of Honey Brook, Honey Brook, P e n n s y l v a n i a , 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 Bank of P e n n s y l v a n i a , R e a d i n g , P e n n s y l v a n i a ; 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/ Atlanta F i r s t N a t i o n a l Bank of McDonough, McDonough, G e o r g i a , proposed merger w i t h F i r s t N a t i o n a l I n t e r i m Bank of McDonough, McDonough, G e o r g i a ; r e p o r t to the C o m p t r o l l e r of the Currency on competi t i v e f a c t o r s . 1/ Philadelphia F i r s t N a t i o n a l Bank of Moncanaqua, Mocanaqua, P e n n s y l v a n i a , p r o posed 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 N o r t h e a s t e r n Bank of P e n n s y l v a n i a , Mount Pocono, P e n n s y l v a 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 f a c t o r s . 1/ Chicago N a t i o n a l Bank of Bloomington, Bloomington, I l l i n o i s , p r o p o s a l t o merge w i t h Bloomington Bank, N.A., Bloomington, I l l i n o i s , under the c h a r t e r and t i t l e of The N a t i o n a l Bank of Bloomington, Bloomington, I l l i n o i s ; r e p o r t to t h e C o m p t r o l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . J L / San Francisco N o r t h s h o r e F i r s t N a t i o n a l Bank, B o t h e l l , Washington, proposed merger w i t h P a c i f i c N a t i o n a l Bank of Washington, S e a t t l e , Washington; r e p o r t to t h e C o m p t r o l l e r of t h e Currency on competitive f a c t o r s . 1 / 1/ 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. 40 - 6 ACTIONS OF THE BOARD-Continued Atlanta P e a c h t r e e Bank and T r u s t Company, Chamblee, G e o r g i a , proposed merger w i t h P e a c h t r e e I n t e r i m Company, I n c . , Chamblee, Georgia; 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 factors. I/ San Francisco P e n i n s u l a S t a t e Bank, Gig H a r b o r , Washington, proposed merger w i t h Puget Sound N a t i o n a l Bank, Tacoma, Washington; r e p o r t t o the C o m p t r o l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . 1/ San Francisco R a i n i e r N a t i o n l Bank, S e a t t l e , Washington, 145th and 15th N.E. Branch, proposed merger w i t h Old N a t i o n a l Bank of Washington, Spokane; r e p o r t to t h e C o m p t r o l l e r of the Currency on competi t i v e f a c t o r s . 1/ Chicago R e p u b l i c Bank of Edgewood, C o u n t r y s i d e , I l l i n o i s , proposed merger w i t h Edgewood Bank, C o u n t r y s i d e , I l l i n o i s , under t h e c h a r t e r and t i t l e of Edgewood Bank, C o u n t r y s i d e , I l l i n o i s ; 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 competi t i v e f a c t o r s . 1/ Atlanta T a l l a d e g a N a t i o n a l Bank, T a l l a d e g a , Alabama, proposed merger w i t h F i r s t Alabama Bank of T a l l a d e g a County, N . A . , T a l l a d e g a , Alabama; r e p o r t to the C o m p t r o l l e r of the Currency on competi t i v e f a c t o r s . 1/ Boston Union T r u s t Company of B r i d g e p o r t , B r i d g e p o r t , C o n n e c t i c u t ; proposed c o n s o l i d a t i o n with Union T r u s t Company, New Haven, C o n n n e c t i c u t ; r e p o r t to the F e d e r a l D e p o s i t I n s u r a n c e Corporat i o n on c o m p e t i t i v e f a c t o r s . If Dallas West Side N a t i o n a l Bank of San Angelo, San Angelo, T e x a s , p r o p o s a l t o merge w i t h New West Side N a t i o n a l Bank of San Angelo, San Angelo, Texas; 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/ TJ A p p l i c a t i o n p r o c e s s e d o n b e h a l f of the Board of Governors under d e l e g a t e d authority. l — 7 — H.2, 1980 No. 40 ACTIONS OF THE BOARD-Continued 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 Atlanta Chicago Approved The Bank of New O r l e a n s and T r u s t Company, New O r l e a n s , L o u i s i a n a . Branch to be e s t a b l i s h e d on General De Gaule D r i v e between t h e i n t e r s e c t i o n s of Garden Oaks Drive and t h e proposed Ohio S t r e e t , New O r l e a n s , L o u i s i a n a . V & 2 / Bankers T r u s t Company, Des Moines, Iowa. 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 on the premises of the N o r t h w e s t e r n B e l l Telephone Company, 604 9th S t r e e t , Des Moines, Iowa. 17 & 2 / * * * * * To Merge P u r s u a n t to S e c t i o n 18(c) of 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 Act Chicago Cleveland Approved S e c u r i t y S a v i n g s Bank, M a r s h a l l t o w n , Iowa, t o merge w i t h S t a t e Bank, Gladbrook, Iowa. 1 / & 2 / AmeriTrust Company, C l e v e l a n d , Ohio, t o merge AmeriTrust Company of P o r t a g e County, K e n t , Ohio; AmeriTrust Company of C i n c i n n a t i , C i n c i n n a t i , Ohio; and AmeriTrust Company of Medina County, Medina, O h i o . 1/& 2J * * * * * To Become a Member of the F e d e r a l Reserve System P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Reserve Act San Francisco Approved P a c i f i c H e r i t a g e Bank, T o r r a n c e , C a l i f o r n i a . 1/ & 7J 1 7 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. 2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d a s to the l e n g t h of t h e comment p e r i o d . H . 2 , 1980 No. 40 - 8 ACTIONS OF THE BOARD-Continued 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 25(a) of the F e d e r a l Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company Act of 1956, as amended San Francisco S i x t y Day N o t i f i c a t i o n P e r i o d Allowed t o E x p i r e BankAmerica 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 : no o b j e c t i o n to an a d d i t i o n a l i n v e s t m e n t i n i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Canada L i m i t e d , O n t a r i o , Canada. * * * * * 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 Dallas Withdrawn F i r s t S t a t e Bancshares, I n c . , Valdosta, Georgia, for approval t o a c q u i r e 7 5 . 8 9 p e r c e n t of the v o t i n g s h a r e s of Farmers and M e r c h a n t s Bank, Adel, G e o r g i a . 1/ & 2/ G r e e n s p o i n t 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 ( 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 v o t i n g s h a r e s of G r e e n s p o i n t Bank, H o u s t o n , T e x a s . 1/ & 2/ Boston Approved S e c u r i t y B a n c o r p , I n c . , Hampton, New Hampshire, 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 ( 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 t h e s u c c e s s o r by merger to Hampton N a t i o n a l Bank, Hampton, New Hampshire. 37 & 2 / Cleveland. C i t i z e n s I n c o r p o r a t e d , Evans C i t y , P e n n s y l v a n i a , 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 o r more of the v o t i n g s h a r e s of C i t i z e n s N a t i o n a l Bank of Evans C i t y , Evans C i t y , P e n n s y l v a n i a . 2J Atlanta A t k i n s o n County Banksjiares C o r p o r a t i o n , W i l l a c o o c h e 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 100 pecent 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, W i l l a c o o c h e e , G e o r g i a . JL/ & 27 l7 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 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 . I H . 2 , 1980 No. 40 - 9 - ACTIONS OF THE BOARD-Continued Atlanta Catoosa B a n c s h a r e s , I n c . , F o r t O g l e t h o r p e , G e o r g i a , f o r app r o v a l to a c q u i r e a t l e a s t 85 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 o r t O g l e t h o r p e S t a t e Bank, F o r t O g l e t h o r p e , G e o r g i a . 1/ & 2/ Atlanta Gumming B a n c s h a r e s , I n c . , Gumming, G e o r g i a , 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 Bank of Gumming, Gumming, G e o r g i a . V & 2 / Atlanta F i r s t Englewood Bank C o r p . , Englewood, F l o r i d 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 of the v o t i n g s h a r e s of Englewood Bank and T r u s t , Englewood, F l o r i d a . JL/ & 2 / Atlanta F i r s t S t a t e Bancshares, I n c . , Valdosta, Georgia, f o r approval 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 F i r s t S t a t e Bank and T r u s t Company, V a l d o s t a , G e o r g i a . 1/ & 2 / Chicago Elmwood F i n a n c i a l C o r p o r a t i o n , R a c i n e , W i s c o n s i n , 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 the v o t i n g s h a r e s of Bank of Elmwood, R a c i n e , W i s c o n s i n . 1/ & 2 / Chicago F i r s t P a u l l i n a Bancorp, P a u l U n a , Iowa, f o r a p p r o v a l t o a c q u i r e 9 5 . 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 F i r s t N a t i o n a l Bank of P a u l l i n a , P a u l l i n a , Iowa. 1/ & 2 / Chicago Northwood 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 , Northwood, 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 o r more of the v o t i n g s h a r e s of Northwood S t a t e Bank, Northwood, Iowa. J L / & 2J S t . Louis DuBank Holding I n c . , C a r b o n d a l e , I l l i n o i s , f o r a p p r o v a l t o a c q u i r e 8 8 . 2 8 p e r c e n t of t h e v o t i n g s h a r e s of DuQuoin S t a t e Bank, DuQuoin, I l l i n o i s . 1I & 2 / S t . Louis Royal B a n c s h a r e s , I n c . , U n i v e r s i t y 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 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 C i t i z e n s Bank of U n i v e r s i t y C i t y , U n i v e r s i t y C i t y , M i s s o u r i and West Side N a t i o n a l Bank, G l e n d a l e , M i s s o u r i . J L / & 2 / Minneapolis Hunter Holding Company, H u n t e r , North Dakota, 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 ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of S e c u r i t y S t a t e Bank of H u n t e r , H u n t e r , North D a k o t a . 1 / & 2 / l7 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 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 . H.2, 1980 No. 40 — 10 — ACTIONS OF THE BOARD-Continued Kansas C i t y Douglas B a n c o r p o r a t i o n , I n c . , P a r k e r , C o l o r a d o , 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 the West, P a r k e r , C o l o r a d o . 1/& 2 / Dallas Cen-Tex B a n c s h a r e s , I n c . , Georgetown, 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 F i r s t N a t i o n a l Bank of Georgetown, Georgetown, T e x a s . V & 2J Dallas Houston American F i n a n c i a l C o r p o r a t i o n , Houston, 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 of American Bank, H o u s t o n , T e x a s . If & 2 / Dallas Montwood B a n c s h a r e s , I n c . , E l P a s o , 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 80 p e r c e n t of the v o t i n g s h a r e s of Montwood N a t i o n a l Bank, E l P a s o , T e x a s . 1/ & 2 / Dallas Orange B a n c s h a r e s , I n c . , Orange, 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 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 Orange Bank, Orange, T e x a s . V & 2 / San Francisco Northwest B a n c s h a r e s , I n c . , Vancouver, Washington, f o r a p p r o v a l t o a c q u i r e 8 0 . 0 6 p e r c e n t of the v o t i n g s h a r e s of Northwest N a t i o n a l Bank, Vancouver, Washington. V & 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 Chicago Chicago 1/ 2/ Approved F i r s t C o l o n i a l Bankshares C o r p o r a t i o n , Chicago, I l l i n o i s , f o r a p p r o v a l t o a c q u i r e 10.67 p e r c e n t of the v o t i n g s h a r e s of Northwest Commerce Bank, Rosemont, I l l i n o i s . JL/ & 2 / The Marine C o r p o r a t i o n , Milwaukee, W i s c o n s i n , 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 the s u c c e s s o r by merger to F i r s t N a t i o n a l Bank and T r u s t Company of R a c i n e , R a c i n e , Wisconsin. 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 as to the l e n g t h of the comment p e r i o d . H.2, 1980 No. 40 - 11 ACTIONS OF THE BOARD-Continued Chicago S e c u r i t y F i n a n c i a l S e r v i c e s , I n c . , Sheboygan, Wisconsin, 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 Bank of Menasha, Menasha, W i s c o n s i n . V & 2 / Dallas F i r s t I n t e r n a t i o n a l B a n c s h a r e s , I n c . , D a l l a s , T e x a s , 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 ( 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 Temple Bank, N.A. , Temple, Texas, a proposed new bank. 1/ & 2 / Dallas Southwest B a n c s h a r e s , I n c . , Houston, Te xa 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 the 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 Bank of San F e l i p e Green, N . A . , Houston, T ex as , a proposed new b a n k . 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 Minneapolis Withdrawn B a r n e s v i l l e Investment Corporation, B a r n e s v i l l e , Minnesota, 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 a c t i v i t i e s In 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 . 1/ San Francisco Boston 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 , f o r a p p r o v a l to engage de novo i n p r o p e r t y and c a s u a l t y i n s u r a n c e a c t i v i t i e s through Western Bancorp I n s u r a n c e Company, Los Angeles, C a l i f o r n i a . Approved H e r i t a g e Banks, I n c . , R o c h e s t e r , New Hampshire, f o r a p p r o v a l to engage de novo i n g u a r a n t y s a v i n g s bank a c t i v i t i e s i n c l u d i n g t h e a c c e p t a n c e of time and s a v i n g s d e p o s i t s ; t h e e x t e n s i o n of consumer, r e a l e s t a t e m o r t g a g e , VISA c r e d i t c a r d , and commercial l o a n s ; and t r u s t and n o t a r i a l s e r v i c e s in t h e S t a t e of New Hampshire through i t s d i r e c t wholly-owned s u b s i d i a r y , R o c h e s t e r S a v i n g s Bank and T r u s t Company, R o c h e s t e r , New Hampshire. T 7 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. 2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e 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 . H . 2 , 1980 No. 40 — 12 — ACTIONS OF THE BOARD-Contlnued New York B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , both of London, England, f o r a p p r o v a l to a c q u i r e t h e a s s e t s and b u s i n e s s of 138 o f f i c e s of s u b s i d i a r i e s of B e n e f i c i a l C o r p o r a t i o n , Wilmington, Delaware through i t s s u b s i d i a r y , B a r c l a y s American C o r p o r a t i o n . 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, f o r a p p r o v a l t o expand t h e r e i n s u r a n c e u n d e r w r i t i n g a c t i v i t i e s of i t s s u b s i d i a r y , M i d - A t l a n t i c L i f e I n s u r a n c e Company, t o i n c l u d e 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 p o l i c i e s s o l d i n c o n n e c t i o n with e x t e n s i o n s of c r e d i t made by t h e h o l d i n g company and i t s s u b s i d i a r i e s i n New J e r s e y and Virginia. JL/ Chicago Ackley B a n c o r p o r a t i o n , Ackley, Iowa, f o r a p p r o v a l t o r e t a i n Ackley I n s u r a n c e Agency, A c k l e y , Iowa, a g e n e r a l i n s u r a n c e agency i n a town 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 . 1 / Chicago F i r s t Wyanet I n v e s t m e n t C o r p o r a t i o n , G a l e s b u r g , I l l i n o i s , f o r a p p r o v a l t o r e t a i n 50 p e r c e n t of Skaggs-Olds I n s u r a n c e Agency, Wyanet, I l l i n o i s and E.W. Williams Agency, Wyanet, I l l i n o i s and 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 a c t i v i t i e s 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 . JL/ Chicago K u p k a ' s , I n c . * T r a e r , Iowa, f o r a p p r o v a l t o r e t a i n F i r s t I n s u r a n c e Agency, T r a e r , Iowa, and to c o n t i n u e to engage i n g e n e r a l i n s u r a n c e a c t i v i t i e s i n a town w i t h l e s s l e s s than 5,000 p o p u l a t i o n . V Minneapolis I n s u r a n c e by S t r e h l o w , I n c . , C a s s e l t o n , N o r t h Dakota, f o r app r o v a l to c o n t i n u e t o 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 C a s s e l t o n , North Dakota, 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/ Minneapolis P and D Company of S t e w a r t v i l l e , I n c . , S t e w a r t v i l l e , Minnesota, f o r a p p r o v a l to c o n t i n u e t o s e l l c e r t a i n t y p e s of i n s u r a n c e 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 . 1] Kansas C i t y Barnes I n v e s t m e n t C o r p o r a t i o n , B a r n e s , Kansas, f o r a p p r o v a l t o r e t a i n t h e a s s e t s of Barnes I n s u r a n c e Agency, B a r n e s , Kansas and t h e r e f o r e 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 of l e s s than 5 , 0 0 0 p o p u l a t i o n . 1/ Kansas C i t y JL/ F i r s t of H e r i n g t o n , I n c . , H e r i n g t o n , Kansas, f o r a p p r o v a l t o r e t a i n g e n e r a l i n s u r a n c e agency a c t i v i t i e s in a community of l e s s t h a n 5 , 0 0 0 p o p u l a t i o n . 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 t h e Board of Governors under d e l e g a t e d authority. H . 2 , 1980 No. 40 - 1 3 ACTIONS OF THE BOARD-Continned San Francisco New York R a i n i e r B a n c o r p o r a t i o n , S e a t t l e , Washington, f o r approval 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 Roger R. P o s t & Company, I n c . , Monterey, C a l i f o r n i a , a company t h a t engages I n mortgage b a n k i n g , i n c l u d i n g t h e o r i g i n a t i o n and s e r v i c i n g of mortgage l o a n s , and t h e s a l e of c r e d i t r e l a t e d i n s u r a n c e . 1/ Delayed C i t i c o r p , New York, New York, n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s ( i n conducting c e r t a i n p r e v i o u s l y approved a c t i v i t i e s i n c l u d i n g t h e making, a c q u i r i n g , and s e r v i c i n g of e x t e n s i o n s of c r e d i t secured by mobile homes, mobile home i n v e n t o r i e s , a n d / o r t h e f i n a n c i n g of l a n d mobile home packages; t h e new a c t i v i t y t o be conducted i s t h e i n d i r e c t s a l e of p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t ing p e r s o n a l and r e a l p r o p e r t y s u b j e c t to a s e c u r i t y a g r e e ment w i t h C i t i c o r p Homeowners, I n c . and to t h e e x t e n t p e r m i s s i b l e u n d e r a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ) a t 4 P e r m i t e r C e n t e r E a s t , N . E . , S u i t e 530, A t l a n t a , G e o r g i a ; Osborne O f f i c e C e n t e r , S u i t e 520, C h a t t a n o o g a , T e n n e s s e e ; 810 Dutch Square B o u l e v a r d , S u i t e 375, Columbia, South C a r o l i n a ; 9247 North M e r i d i a n S t r e e t , S u i t e 225, I n d i a n a p o l i s , I n d i a n a ; 4400 B r e c k i n r i d g e L a n e , S u i t e 120, L o u i s v i l l e , Kentucky; 4956 Brambleton Avenue, S.W., Roanoke, V i r g i n i a ; 8600 L a S a l l e Road, Towson, Maryland; and 514 S. S t r a t f o r d Road, S u i t e 326, Wins t o n - S a l e m , N o r t h C a r o l i n a , through i t s s u b s i d i a r y , C i t i c o r p Homeowners, I n c . ( 9 / 1 0 / 8 0 ) 3/ New York The Hongkong and Shanghai Banking C o r p o r a t i o n , Hong Kong, not i f i c a t i o n of i n t e n t to engage i n cte novo a c t i v i t i e s ( e q u i p ment l e a s i n g and i n s t a l l m e n t f i n a n c i n g t h r o u g h o u t the United S t a t e s of i n d u s t r i a l , t r a n s p o r t a t i o n , d a t a p r o c e s s i n g , medical communication and o t h e r t y p e s of equipment i n accordance w i t h R e g u l a t i o n Y and p r o v i d i n g a d v i s o r y , management and b r o k e r a g e s e r v i c e s f o r l e a s i n g t r a n s a c t i o n s w r i t t e n by t h i r d p a r t i e s ) a t 1890 Palmer Avenue, Larchmont, New York, through i t s subs i d i a r y , U.S. Concord, I n c . ( 1 0 / 3 / 8 0 ) 3 / St.Louis TG B a n c s h a r e s C o . , S t . L o u i s , M i s s o u r i , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( p r o v i d i n g p o r t f o l i o i n v e s t ment a d v i c e to i n d i v i d u a l s , pension and p r o f i t - s h a r i n g p l a n s and t r u s t s , f i n a n c i a l i n s t i t u t i o n s , g e n e r a l b u s i n e s s c o r p o r a - 17 3/ 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. 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 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. 40 — 14 — ACTIONS OF THE BOARD-Continued t i o n s , c h a r i t a b l e I n s t i t u t i o n s and e d u c a t i o n a l I n s t i t u t i o n s ) a t 3134 South Grand B o u l e v a r d , S t . L o u i s , M i s s o u r i , through a wholly owned s u b s i d i a r y , Midwest Investment Advisory S e r v i c e s , Inc. (10/2/80) 3/ New York Permitted B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , b o t h of London, E n g l a n d , 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 ( ( ! ) making d i r e c t consumer l o a n s and p u r c h a s i n g of s a l e s f i n a n c e c o n t r a c t s r e p r e s e n t i n g e x t e n s i o n s of c r e d i t such a s would be made o r a c q u i r e d by a consumer f i nance company, and w h o l e s a l e f i n a n c i n g ( f l o o r p l a n n i n g ) and ( i i ) a c t i n g as agent f o r t h e s a l e of r e l a t e d 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 h e a l t h and c r e d i t p r o p e r t y i n s u r a n c e ) from 439 South Gay S t r e e t , K n o x v i l l e , Tennessee t o 6706 P a p e r m i l l Road, K n o x v i l l e , T e n n e s s e e , t h r o u g h t h e i r s u b s i d i d a r y , B a r c l a y s A m e r i c a n / F i n a n c i a l , I n c . ; from 800 South Cumberland S t r e e t , Morristown, T e n n e s s e e to 1751 West M o r r i s B o u l e v a r d , M o r r i s t o w n , T e n n e s s e e , through t h e i r s u b s i d i a r y , B a r c l a y s A m e r i c a n / C r e d i t , I n c . ; and from 800 South Cumberland S t r e e t , M o r r i s t o w n , Tennessee to 1751 West M o r r i s B o u l e v a r d , Morristown, T e n n e s s e e , t h r o u g h t h e i r s u b s i d i a r y , B a r c l a y s American / F i n a n c i a l , I n c . ( 1 0 / 2 / 8 0 ) 3 / New York 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 <le novo a c t i v i t i e s ( a c t i v i t i e s t h a t may be c a r r i e d on by a inve s tme nt a d v i s e r , i n c l u d i n g o f f e r i n g p o r t f o l i o i n v e s t m e n t advice to I n d i v i d u a l s on both a d i s c r e t i o n a r y and n o n - d i s c r e t i o n a r y b a s i s ) a t 245 Royal Palm Way, Palm Beach, F l o r i d a , t h r o u g h i t s s u b s i d i a r y , Chemical I n v e s t m e n t A d v i s e r s , I n c . ( 9 / 2 9 / 8 0 ) 3 / New York 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 ( o f f e r i n g p o r t f o l i o i n v e s t m e n t advice to i n d i v i d u a l s , c o r p o r a t i o n s , governmental e n t i t i e s and o t h e r i n s t i t u t i o n s on both a d i s c r e t i o n a r y and n o n - d i s c r e t i o n a r y b a s i s ) a t 2 A l l e n C e n t e r , 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 , Gulf Investment Management, I n c . ( 1 0 / 1 / 8 0 ) 3 / Richmond Bank of V i r g i n i a Company, Richmond, V i r g i 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 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 i n a n c e company; and a c t i n g as agent f o r c r e d i t l i f e , a c c i d e n t and h e a l t h i n s u r ance and o t h e r i n s u r a n c e w r i t t e n to p r o t e c t c o l l a t e r a l d u r i n g 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. 40 - 1 5 ACTIONS OF THE BOARD-Continued t h e p e r i o d of c r e d i t e x t e n s i o n s ) a t S c h u y l k i l l M a l l , Routes 61 and 81, F r a c k v i l l e , P e n n s y l v a n i a , through i t s s u b s i d i a r y , General Finance S e r v i c e C o r p o r a t i o n ( 9 / 3 0 / 8 0 ) 3 / Chicago C o n t i n e n t a l I l l i n o i s C o r p o r a t i o n , Chicago, 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 die 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 , secured and unsecured l o a n s and o t h e r e x t e n s i o n s of c r e d i t and s e r v i c i n g such l o a n s and o t h e r e x t e n s i o n s of c r e d i t ) i n Chicago, I l l i n o i s and Miami, F l o r i d a , t h r o u g h a s u b s i d i a r y , C o n t i n e n t a l I l l i n o i s Commercial C o r p o r a t i o n ( 9 / 2 9 / 8 0 ) 3 / Chicago C o n t i n e n t a l I l l i n o i s C o r p o r a t i o n , Chicago, I l l i n o i s , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n 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 p e r s o n s p r i m a r i l y f o r i n v e s t m e n t of f u n d s i n r e a l p r o p e r t y i n t e r e s t s ) i n Chicago, I l l i n o i s ; S t . L o u i s , M i s s o u r i ; Kansas C i t y , M i s s o u r i ; A t l a n t a , Georgia; and Wauwatosa, W i s c o n s i n , t h r o u g h i t s s u b s i d i a r y , R e p u b l i c R e a l t y Mortgage C o r p o r a t i o n ( 1 0 / 3 / 8 0 ) 3/ Kansas C i t y Kansas C i t y B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n l e a s i n g a c t i v i t i e s ) a t 1 8 t h and Main, Kansas C i t y , M i s s o u r i , through a s u b s i d i a r y , C a p i t a l S e r v i c e s , I n c . ( 9 / 2 9 / 8 0 ) 3 / Dallas Republic of Texas C o r p o r a t i o n , D a l l a s , T e x a s , 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 (engage i n t h e f u n c t i o n s and a c t i v i t i e s t h a t may be performed by a t r u s t company i n c l u d i n g a c t i v i t i e s of a f i d u c i a r y , agency or c u s t o d i a n n a t u r e as a u t h o r i z e d by F e d e r a l law and t h e laws of the S t a t e of Texas) a t One D a l l a s C e n t e r , 350 North S t . P a u l , D a l l a s , 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 , R e p u b l i c of Texas T r u s t Company ( 1 0 / 3 / 8 0 ) 3 / San Francisco S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making o r a c q u i r i n g , f o r i t s own account o r f o r the account of o t h e r s , 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 57 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 J n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y . h . 2 , 1980 No. 40 — 16 — ACTIONS OF THE BOARD-Continued b u s i n e s s e s and o t h e r e x t e n s i o n s of c r e d i t such as would be made by a f a c t o r i n g company or a consumer f i n a n c e company; and a c t i n g a s b r o k e r o r agent f o r the s a l e of c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r a n c e and c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e ) a t 18552 MacArthur B o u l e v a r d , S u i t e 441, I r v i n e , C a l i f o r n i a , through i t s w h o l l y owned s u b s i d i a r y , S e c u r i t y P a c i f i c Finance Corp. ( 1 0 / 4 / 8 0 ) 3/ San Francisco Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , 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 l e n d i n g and l o a n s e r v i c i n g a c t i v i t i e s ) a t 7801 B e l l e v i e w Avenue, Englewood, C o l o r a d o , through i t s s u b s i d i a r y , Wells Fargo Ag C r e d i t ( 9 / 2 2 / 8 0 ) 3 / 5 7 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. 40 - 1 7 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 New York The Bank of New York, New York. Branch to be e s t a b l i s h e d a t 26 West C i r c l e , Green A c r e s M a l l , Town of Hempstead, Nassau County, New York. 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 t o be l o c a t e d a t the Nashaminy V a l l e y C a r p e t Company, I n c o r p o r a t e d , 535 Andrews Road, Trevose, Pennsylvania. 2/ Richmond Union Bank and T r u s t Company, Bowling Green, V i r g i n i a . Branch t o be e s t a b l i s h e d a t 4540 L a f a y e t t e B o u l e v a r d , S p o t s y l v a n i a County, V i r g i n i a . 2 / Atlanta Exchange Bank and T r u s t Company of F l o r i d a , Tampa, F l o r i d a . To e s t a b l i s h an ATM a t 1411 6 0 t h S t r e e t West, Bradenton, Florida. 2/ S t . Louis E l l i o t t S t a t e Bank, J a c k s o n v i l l e , I l l i n o i s . To e s t a b l i s h an o f f - p r e m i s e s a u t o m a t i c t e l l e r machine a t 1429 S. Main, J a c k s o n v i l l e , Morgan County, I l l i n o i s . 2 / Dallas Grant County Bank, S i l v e r C i t y , New Mexico. To e s t a b l i s h a d r i v e - i n f a c i l i t y i n S i l v e r S p r i n g , New Mexico. 2 / Dallas Mimbres V a l l e y Bank, Deming, New Mexico. i n Deming, New Mexico. 2J To e s t a b l i s h a branch * * * * * To Become a Member of t h e F e d e r a l Reserve System P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Reserve Act Richmond The Bank of M i d d l e s e x , Urbanna, V i r g i n i a . Dallas Texas S t a t e Bank, McAllen, T e x a s • 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 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. 40 - 1 8 - APPLICATIONS RECEIVED-Continued 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 C i t i b a n k , N . A . , 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 I s t a n b u l , Turkey, * * * * * To E s t a b l i s h a U.S. Branch of an Edge Act C o r p o r a t i o n P u r s u a n t t o S e c t i o n 2 5 ( a ) of t h e F e d e r a l R e s e r v e Act Chicago C o n t i n e n t a l Bank I n t e r n a t i o n a l , Chicago, I l l i n o i s : 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 b r a n c h e s i n C l e v e l a n d , D a l l a s , M i n n e a p o l i s , P h i l a d e l p h i a , San F r a n c i s c o and S e a t t l e . * * * * * To O r g a n i z e , o r I n v e s t i n , a C o r p o r a t i o n Doing F o r e i g n Banking and Other F o r e i g n F i n a n c i n g P u r s u a n t t o S e c t i o n 25 o r 2 5 ( a ) of t h e F e d e r a l R e s e r v e Act San Francisco Crocker N a t i o n a l Bank, San F r a n c i s c o , C a l i f o r n i a : r e q u e s t s c o n s e n t to change t h e name of Crocker Bank I n t e r n a t i o n a l (New York) to Crocker Bank I n t e r n a t i o n a l and c o n v e r t Crocker Bank I n t e r n a t i o n a l (Chicago) i n t o a branch of Crocker Bank I n t e r n a t i o n a l by l i q u i d a t i n g and d i s s o l v i n g Crocker Bank I n t e r n a t i o n a l Chicago and s i m u l t a n e o u s l y t r a n s f e r r i n g Crocker Bank I n t e r n a t i o n a l C h i c a g o ' s a s s e t s & l i a b i l i t i e s to Crocker Bank I n t e r n a t i o n a l . * * * * * 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 2J Altamaha B a n c s h a r e s , I n c . , Uvalda, G e o r g 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 80 p e r c e n t of the v o t i n g s h a r e s of Altamaha Bank and T r u s t Company, Uvalda, G e o r g i a . 2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e 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 . ti.2. 1980 No. 40 - 19 APPLICATIONS RECEIVED-Continued Atlanta F i r s t State Financial Corporation, Gulfport, Mississippi, 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 F i r s t S t a t e Bank, G u l f p o r t , M i s s i s s i p p i . 2/ Atlanta M. B. Group, I n c . , Marathon, F l o r i d 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 82 p e r c e n t of the v o t i n g s h a r e s of The Marathon Bank, Marathon, F l o r i d a . 2 / Atlanta P & C Bank S h a r e s , I n c . , C a m i l l a , G e o r g i a , f o r a p p r o v a l t o a c q u i r e 5 3 . 7 3 p e r c e n t of t h e v o t i n g s h a r e s of P l a n t e r s & C i t i z e n s Bank, C a m i l l a , G e o r g i a . 2 / Atlanta Southwest Georgia F i n a n c i a l C o r p o r a t i o n , M o u l t r i e , G e o r g i a , 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 M o u l t r i e N a t i o n a l Bank, M o u l t r i e , G e o r g i a . 2 / Chicago Alikeny I n v e s t m e n t C o . , Webster C i t y , Iowa, f o r a p p r o v a l to a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of Ankeny S t a t e Bank, Ankeny, Iowa. 2 / Chicago G a r r e t t Bancshares LTD., B l o o m f i e l d , Iowa, 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 Davis County S a v i n g s Bank, B l o o m f i e l d , Iowa. 2 / Chicago KENNEDY BANCSHARES, INC., B a n c r o f t , Iowa, f o r a p p r o v a l t o a c q u i r e 88 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 T r a d e r s Savings Bank, B a n c r o f t , Iowa. 2 / Chicago Mahaska I n v e s t m e n t Company, O s k a l o o s a , 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 The F i r s t N a t i o n a l Bank of Sumner, Sumner, Iowa. 2/ Chicago Moore F i n a n c i a l C o r p o r a t i o n , Berwyn, 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 85.12 p e r c e n t of t h e v o t i n g s h a r e s of Commercial N a t i o n a l Bank of Berwyn, Berwyn, I l l i n o i s . 2 / Chicago S t r a t f o r d I n v e s t m e n t Company, J e w e l l , Iowa, 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 the v o t i n g s h a r e s of The Farmers S a v i n g s Bank, S t r a t f o r d , Iowa. 2 / S t . Louis F i r s t Banc Group, I n c . , C e n t r a l i a , 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 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger to F i r s t N a t i o n a l Bank and T r u s t Company, C e n t r a l i a , I l l i n o i s . 2/ 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 o f t h e comment p e r i o d . H . 2 , 1980 No. 40 - 2 0 - APPLICATIONS RECEIVED-Continued S t . Louis Owenton Bancorp, I n c . , Owenton, Kentucky, f o r a p p r o v a l t o a c q u i r e 8 0 . 0 p e r c e n t of t h e v o t i n g s h a r e s of P e o p l e s Bank & T r u s t Company, Owenton, Kentucky. 2 / Minneapolis Freeport Bancshares, I n c . , F r e e p o r t , Minnesota, for approval to a c q u i r e 8 0 . 5 p e r c e n t of the v o t i n g s h a r e s of F r e e p o r t S t a t e Bank, F r e e p o r t , M i n n e s o t a . 2 / Minneapolis Norwood B a n c s h a r e s , I n c . , Norwood, M i n n e s o t 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 8 8 . 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 C i t i z e n s S t a t e Bank of Norwood, Norwood, M i n n e s o t a . 2 / Kansas C i t y B r i d g e p o r t S t a t e Company, B r i d g e p o r t , 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 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 t h e v o t i n g s h a r e s of The B r i d g e p o r t S t a t e Bank, B r i d g e p o r t , Nebraska. 2/ Kansas C i t y Columbus C o r p . , Columbus, Kansas, 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 8 2 . 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 N a t i o n a l Bank of Columbus, Columbus, K a n s a s . 2 / Kansas C i t y Covington F i r s t S t a t e B a n c s h a r e s , I n c . , C o v i n g t o n , Oklahoma, 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 ( 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 S t a t e Bank, C o v i n g t o n , Oklahoma. 2J Kansas C i t y Farmers B a n c s h a r e s , I n c . , L i n c o l n , Kansas, f o r a p p r o v a l t o a c q u i r e 8 2 . 5 p e r c e n t of the v o t i n g s h a r e s of The Farmers N a t i o n a l Bank, L i n c o l n , K a n s a s . 2 / Kansas C i t y F i r s t S t a t e B a n c o r p o r a t i o n of Watonga, I n c . , Watonga, Oklahoma, 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 F i r s t S t a t e Bank, Watonga, Oklahoma. 2/ Kansas C i t y F i r s t Western B a n c o r p o r a t i o n , La J a r a , C o l o r a d o , f o r a p p r o v a l to a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank of La J a r a , La J a r a , C o l o r a d o . 2J Kansas C i t y Green C i t y B a n c s h a r e s , I n c . , Green C i t y , 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 d 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 Farmers Bank of Green C i t y , Green C i t y , M i s s o u r i . 2 / Kansas C i t y Jones N a t i o n a l C o r p o r a t i o n , Seward, 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 93 p e r c e n t of the v o t i n g s h a r e s of The J o n e s N a t i o n a l Bank and T r u s t Company of Seward, Seward, 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 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. 40 - 21 APPLICATIONS RECEIVED-Continued Dallas F . N . B . S t i n n e t t BancShares, I n c . , S t i n n e t t , T e x a 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 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 F i r s t N a t i o n a l Bank of S t i n n e t t , S t i n n e t t , T e x a s . 2 / * * * * * To Expand a Bank Holding Company P u r s u a n t to S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956 Bos t o n 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 Country Bank, N a t i o n a l A s s o c i a t i o n , S h e l b u r n e F a l l s , Massachusetts. 2/ Minneapolis N o r t h s t a r B a n c o r p o r a t i o n , I n c . , Wayzata, M i n n e s o t a , f o r app r o v a l to a c q u i r e 9 8 . 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 Minnetonka S t a t e Bank, E x c e l s i o r , M i n n e s o t a . 2 / Dallas E l Paso N a t i o n a l C o r p o r a t i o n , E l P a s o , 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 the v o t i n g s h a r e s of E a s t El Paso N a t i o n a l Bank, E l P a s o , T e x a s , a proposed new bank. 2/ * * * * * To Expand a Bank Holding Company P u r s u a n t to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956 New York 27 B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , both of London, E n g l a n d , 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 ( i n ( i ) making d i r e c t consumer loans and p u r c h a s i n g of s a l e s f i n a n c e c o n t r a c t s r e p r e s e n t i n g 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 consumer f i n a n c e company and w h o l e s a l e f i n a n c i n g ( f l o o r p l a n n i n g ) ; ( i i ) a c t i n g as agent f o r t h e s a l e of r e l a t e d 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 h e a l t h and c r e d i t p r o p e r t y i n s u r a n c e ) A p p l i c a t i o n s u b j e c t to Community Reinvestment A c t . The Community Reinvestment O f f i c e r of t h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d . H . 2 , 1980 No. 40 - 22 - APPLICATIONS RECEIVED-Continued from 302 Evans S t r e e t , G r e e n v i l l e , North C a r o l i n a to 703 E a s t G r e e n v i l l e B o u l e v a r d , G r e e n v i l l e , North C a r o l i n a , and from 203 E a s t Nash S t r e e t , Wilson, North C a r o l i n a to 701 West Ward B o u l e v a r d , N . E . , Wilson, North C a r o l i n a , through t h e i r subsidiary, BarclaysAmerican/Financial, I n c . (9/30/80) 3/ New York The Chase Manhattan 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 (making o r a c q u i r i n g , f o r i t s own account and f o r the account of o t h e r s , l o a n s and o t h e r e x t e n s i o n s of c r e d i t both s e c u r e d and u n secured i n c l u d i n g , but not l i m i t e d t o , consumer and b u s i n e s s l i n e s of c r e d i t , i n s t a l l m e n t l o a n s f o r p e r s o n a l , household and b u s i n e s s purposes and mortgage loans secured by r e a l p r o p e r t y ; t o s e r v i c e l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; t o s e l l t r a v e l e r s checks a t r e t a i l ; t o a c t as i n s u r a n c e agent o r b r o k e r f o r c r e d i t l i f e i n s u r a n c e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o such l e n d i n g and s e r v i c i n g a c t i v i t i e s ) i n t h e Arvida F i n a n c i a l P l a z a , Glades Road and Boca West Road, Boca R a t o n , F l o r i d a , t h r o u g h i t s s u b s i d i a r y , Chase Manhattan F i n a n c i a l S e r v i c e s , I n c . ( 9 / 2 9 / 8 0 ) 3 / New York M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, n o t i f i c a t i o n of i n t e n t to engage i n die novo a c t i v i t i e s ( i n making o r a c q u i r i n g , f o r I t s own account o r f o r the account of o t h e r s , l o a n 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 a s would be made by a commercial f i n a n c e company; and a r r a n g i n g or s e r v i c i n g such l o a n s 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 any p e r s o n ) a t 1 Commerce P l a c e , S u i t e 1933, N a s h v i l l e , T e n n e s s e e , through I t s s u b s i d i a r y , M a n u f a c t u r e r s Hanover Commercial Corporation (9/30/80) 3/ Cleveland P i t t s b u r g h National Corporation, P i t t s b u r g h , Pennsylvania, not i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( m o r t gage b a n k i n g , i n c l u d i n g t h e making or 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 a n d / o r t h e account of o t h e r s , l o a n s and o t h e r e x t e n s i o n s of c r e d i t ) i n t h e M e t r o p o l i t a n a r e a of K e n s i n g t o n , Maryland, t h r o u g h a s u b s i d i a r y , The K i s s e l l Company ( 9 / 2 2 / 8 0 ) 37 Chicago B a x t e r I n s u r a n c e Agency, I n c . , B a x t e r , Iowa, 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 I n s u r a n c e a c t i v i t i e s i n a community t h a t has a p o p u l a t i o n not exceeding 5 , 0 0 0 . |7 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 . H.2, 1980 No. 40 - 23 — APPLICATIONS RECEIVED-Continued Chicago Fennimore B a n c o r p o r a t i o n , I n c . , Fennimore, Wisconsin, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n the s a l e of I n s u r a n c e i n a town of l e s s t h a n 5 , 0 0 0 p o p u l a t i o n ) through i t s wholly-owned s u b s i d i a r y , Fennimore Finance Co. ( 9 / 2 2 / 8 0 ) 3 / Chicago Mahaska I n v e s t m e n t Company, O s k a l o o s a , Iowa, f o r a p p r o v a l t o c o n t i n u e l e a s i n g a bank b u i l d i n g t o a bank and c o n t i n u e l e a s i n g p e r s o n a l p r o p e r t y to b u s i n e s s e s , farm o p e r a t o r s and i n d i v i d u a l s t h r o u g h i t s wholly-owned s u b s i d i a r y , MIC L e a s i n g C o . , O s k a l o o s a , Iowa. Chicago Wisco, I n c . , West Des Moines, Iowa, 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 c o n t i n u e to engage i n t h e s a l e of i n s u r a n c e through Diagonal I n s u r a n c e Agency, I n c . , D i a g o n a l , Iowa) ( 9 / 2 9 / 8 0 ) 3 / Minneapolis Commercial S t a t e B a n c s h a r e s , I n c . , Two H a r b o r s , M i n n e s o t a , f o r a p p r o v a l to c o n t i n u e to engage i n g e n e r a l i n s u r a n c e agency a c t i v i t i e s . Minneapolis C u t l e r C o r p o r a t i o n , Newport, M i n n e s o t a , f o r a p p r o v a l t o cont i n u e to engage i n c o n d u c t i n g 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 Green I s l e , M i n n e s o t a , 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 C u t l e r C o r p o r a t i o n , Newport, M i n n e s o t a , n o t i f i c a t i o n of i n t e n t to c o n t i n u e to engage i n a c t i v i t i e s p r e v i o u s l y begun de novo (making o r a c q u i r i n g l o a n s f o r i t s own a c c o u n t ) ( 1 0 / 3 / 8 0 ) 3/ San Francisco BankAmerica 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 o r a c q u i r i n g , f o r i t s own account l o a n 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 o r a c q u i r e d by a f i n a n c e company; s e r v i c i n g loans and o t h e r e x t e n s i o n s of c r e d i t ; and t h e o f f e r i n g of c r e d i t r e l a t e d l i f e and c r e d i t r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e ; such a c t i v i t i e s would i n c l u d e , but n o t be l i m i t e d t o , making l o a n s and o t h e r e x t e n s i o n s of c r e d i t to consumers as w e l l as s m a l l b u s i n e s s e s , p u r c h a s i n g 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 s e c u r e d by r e a l p r o p e r t y , and o f f e r i n g l i f e and a c c i d e n t and h e a l t h 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. 40 — 24 — APPLICATIONS RECEIVED-Continued i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or a c q u i r e d by FinanceAmerica C o r p o r a t i o n of New Hampshire, I n c . ) t h e s e a c t i v i t i e s would be conducted from an e x i s t i n g o f f i c e i n Keene, New Hampshire, through i t s i n d i r e c t subs i d i a r y , FinanceAmerica C o r p o r a t i o n of New Hampshire, I n c . (a New Hampshire C o r p o r a t i o n ) ( 9 / 2 9 / 8 0 ) 3 / San Francisco BankAmerica 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 ( t o i n c l u d e t h e a d d i t i o n a l a c t i v i t y of a c t i n g as an i n d u s t r i a l loa n c o r p o r a t i o n under t h e Utah I n d u s t r i a l Loan Law; such a c t i v i t y w i l l i n c l u d e , but not be l i m i t e d , i s s u i n g t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s , making consumer i n s t a l l m e n t l o a n s , p u r c h a s i n g 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 and o t h e r e x t e n s i o n s of c r e d i t to small b u s i n e s s e s , and making l o a n s secured by r e a l and p e r s o n a l p r o p e r t y ) the a c t i v i t y w i l l be conducted from an e x i s t i n g o f f i c e i n S a l t Lake C i t y , U t a h , 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 , F i n a n c e America C o r p o r a t i o n (whose name w i l l be changed to F i n a n c e America T h r i f t C o r p o r a t i o n upon i s s u a n c e of the i n d u s t r i a l loan l i c e n s e ) (9/29/80) 3/ San Francisco BankAmerica 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 ( t o engage i n the a c t i v i t i e s of an i n d u s t r i a l l o a n company a s a l i c e n s e e under t h e Kansas I n v e s t m e n t C e r t i f i c a t e s of Investment Companies Act; such a c t i v i t i e s w i l l i n c l u d e , but not be l i m i t e d t o , i s s u i n g i n v e s t m e n t c e r t i f i c a t e s ; making consumer i n s t a l l ment l o a n s ; p u r c h a s i n g 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 ; maki% l o a n s and o t h e r e x t e n s i o n s of c r e d i t to small b u s i n e s s e s making loans secured by r e a l and p e r s o n a l p r o p e r t y ; and o f f e r ing l i f e , a c c i d e n t and h e a l t h and p r o p e r t y i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made o r a c q u i r e d by F i n a n c e America C o r p o r a t i o n (Kansas)) t h e s e a c t i v i t i e s would be conducted from e x i s t i n g o f f i c e s l o c a t e d i n Emporia, G r e a t Bend, Kansas C i t y , Lawrence, Overland P a r k , S a l i n a , Topeka, and W i c h i t a , Kansas, 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 , F i nanceAmerica C o r p o r a t i o n ( a Kansas C o r p o r a t i o n ) (whose name w i l l be changed t o FinanceAmerica T h r i f t C o r p o r a t i o n upon t h e i s s u a n c e of t h e i n d u s t r i a l l o a n l i c e n s e ) ( 9 / 2 9 / 8 0 ) 3 / San Francisco Orbanco 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 , P o r t l a n d , Oregon, not i f i c a t i o n of i n t e n t to engage i n d e novo a c t i v i t i e s (making o r a c q u i r i n g , f o r i t s own account o r f o r the account of o t h e r s , mortgage 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 secured by r e a l p r o p e r t y , s e r v i c i n g mortgage l o a n s , p e r i o d i c a l l y i n s p e c t i n g 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 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. 40 - 2 5 APPLICATIONS RECEIVED-Continued c o l l a t e r a l and s u p e r v i s i n g r e p o s s e s s i o n s i n the event of unremedied d e f a u l t s ) a t 516 S o u t h e a s t M o r r i s o n , S u i t e 820, P o r t l a n d , Oregon, t h r o u g h a wholly-owned s u b s i d i a r y of i t s s u b s i d i a r y , Columbia Mortgage Co. known a s Mortgage C r e d i t corp. (9/29/80) 3/ San Francisco Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , 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 a c t i n g a s agent f o r c r e d i t p r o p e r t y and c a s u a l t y i n s u r a n c e and a s s o c i a t e d l i a b i l i t y i n s u r a n c e r e l a t e d to WFCC's e x t e n s i o n s of c r e d i t to the e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws o r r e g u l a t i o n s ) t h e s e a c t i v i t i e s would be conducted from o f f i c e s i n Phoenix and Tucson, A r i z o n a , and from o f f i c e s i n T u l s a and Oklahoma C i t y , Oklahoma, through i t s s u b s i d i a r y , Wells Fargo C r e d i t C o r p o r a t i o n ( 1 0 / 3 / 8 0 ) 3 / * * * * * To Expand a Bank Holding Company P u r s u a n t to S e c t i o n 4 ( c ) ( 1 2 ) of t h e Bank Holding Company Act of 1956 Kansas C i t y Baldwin-United C o r p o r a t i o n , C i n c i n n a t i , Ohio, n o t i f i c a t i o n of i n t e n t to a c q u i r e , through i t s s u b s i d i a r y , T.V. T r a v e l , I n c . , 100 p e r c e n t of the s t o c k of The T r a v e l Department, I n c . , (an I n d i a n a C o r p o r a t i o n ) ; and c e r t a i n a s s e t s of Champion T r a v e l Agency, I n c . ( a Kentucky C o r p o r a t i o n ) ( 9 / 2 9 / 8 0 ) 3 / * * * * * REPORTS RECEIVED None. * * * * * PETITIONS FOR RULEMAKING None. 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 Reseve 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
@FedFRASER