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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1982 No. 38) Actions of the Board; Applications and Reports Received During the Week Ending September 18, 1982 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Statement by Governor Lyle E. Gramley before the Subcommittee on Forests of the House Agriculture Committee to discuss the present state of the housing and forest products industries and the outlook f o r the f u t u r e . Regulation Z, O f f i c i a l S t a f f Commentary update, e f f e c t i v e date: September 17, 1982, but reliance optional u n t i l April 1, 1983. Kansas City F i r s t CarrolIton Bancshares, I n c . , Carrollton, Missouri, extension of time to November 2, 1982, w i t h i n which t o acquire F i r s t National Bank of C a r r o l l t o n , C a r r o l l t o n , Missouri. J / St. Louis F i r s t Tennessee National Corporation, Memphis, Tennessee, extension of time to December 20, 1982, within which to acquire the successor by merger to Harpeth National Bank of Franklin, Franklin, Tennessee. 1/ St. Louis Gateway Capital Corporation, Hernando, Mississippi, extension of time to November 16, 1982, within which to become a bank holding company through the acquisition of the Hernando Bank, Hernando, Mississippi. _]_/ San Francisco Home Interstate Bancorp, Signal H i l l , C a l i f o r n i a , extension of time to January 2, 1983, within which t o become a bank holding company through the acquisition of 100 percent of the voting shares of Home Bank, Signal H i l l , C a l i f o r n i a . V Atlanta Lakeside Bancshares, I n c . , Lake Charles, Louisiana, extension of time to January 22, 1983, within which to become a bank holding company through the acquisition of Lakeside National Bank, Lake Charles, Louisiana. 1/ 1/ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 38 - 2 ACTIONS OF THE BOARD - Continued Chicago Merchants Corporation, Chicago, I l l i n o i s , extension of time to October 15, 1982, within which to become a bank holding company through the acquisition of 80 percent or more of the voting shares of Merchants and Manufacturers State Bank, Melrose Park, I l l i n o i s . J / Chicago Miami Corporation, Chicago, I l l i n o i s , extension of time t o December 22, 1982, w i t h i n which t o acquire 100 percent of the voting shares of Boulevard Bancorp, I n c . , Chicago, I l l i n o i s , and thereby •indirectly acquiring 100 percent of the voting shares of The Hinsdale Capital Corporation, Chicago, I l l i n o i s , which currently owns 81.4 percent of the voting shares of The F i r s t National Bank of Hinsdale, Hinsdale, I l l i n o i s . J / Chicago Miami Corporation, Chicago, I l l i n o i s , extension of time t o December 22, 1982, w i t h i n which to acquire 100 percent of the voting shares of Boulevard Bancorp, I n c . , Chicago, I l l i n o i s , and thereby i n d i r e c t l y acquiring 80 percent of the voting shares of National Boulevard Bank of Chicago, Chicago, Illinois. V Chicago Miami Corporation, Chicago, I l l i n o i s , extension of time to December 22, 1982, within which t o acquire 100 percent of the voting shares of Boulevard Bancorp, I n c . , Chicago, I l l i n o i s , and thereby i n d i r e c t l y acquiring 100 percent of the voting shares of The Glencoe Capital Corporation, Glencoe, I l l i n o i s which currently owns 89.7 percent of the voting shares of Glencoe National Bank, Glencoe, I l l i n o i s . J_/ Chicago Miami Corporation, Chicago, I l l i n o i s , extension of time to December 22, 1982, within which to acquire 100 percent of the voting shares of Boulevard Bancorp, I n c . , Chicago, I l l i n o i s , and thereby i n d i r e c t l y acquiring 100 percent of the voting shares of Firstwin Corporation, Chicago, I l l i n o i s , which currently owns 83.6 percent of the voting shares of The F i r s t National Bank of Winnetka, Winnetka, I l l i n o i s . 1/ \J Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 38 - 3 ACTIONS OF THE BOARD - Continued Chicago Miami Corporation, Chicago, I l l i n o i s , extension of time to December 22, 1982, within which to acquire 100 percent of the voting shares of Boulevard Bancorp, Inc., Chicago, I l l i n o i s , and thereby i n directly acquiring 100 percent of the voting shares of The First National Bank of Wilmette, Wilmette, Illinois. J/ Atlanta Northwest Georgia Financial Corporation, Dallas, Georgia, extension of time to December 19, 1982, within which to become a bank holding company through acquisition of the Citizens Bank, Dallas, Georgia. JJ Kansas City Rifle Bank Agency, Inc., R i f l e , Colorado, extension of time to December 2, 1982, within which to acquire the First National Bank in Parachute, Parachute, Colorado. \J Dallas Security Holding Company, Fredericksburg, Texas, extension of time to December 17, 1982, within which to acquire Security Financial Corporation in Fredericksburg, Fredericksburg, Texas. JJ Kansas City Southwest Bankshares, Inc., Rio Rancho, New Mexico, extension of time to December 18, 1982, within which to acquire Bank of the Southwest, Rio Rancho, New Mexico. 1/ Dallas Texas Commerce Bancshares, I n c . , Houston, Texas, extension of time to December 22, 1982, within which to acquire Texas Commerce Bank - Champions Park, N.A., Houston, Texas. 1/ San Francisco Tri-State Bancorporation, I n c . , Montepelier, Idaho, extension of time to November 20, 1982, within which to become a bank holding company through the acquisition of Tri-State Bank and Trust Company, Montepelier, Idaho. V Cleveland Union National Corp, Mt. Lebanon, Pennsylvania, extension of time to February 27, 1983, within which to acquire Keystone National Bank, Punxsutawney, Pennsylvania. 1/ 77 ~ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . I H.2, 1982 No. 38 - 4 ACTIONS OF THE BOARD - Continued Dallas USBancshares of Texas, I n c . , Denton, Texas, extension of time to November 16, 1982, within which to acquire USBank, Denton, Texas, J / Boston Connecticut Bank and Trust Company, Hartford, Connecticut, extensions of time within which to establish branches: (1) to October 1, 1982, on Division Street, Derby, Connecticut, and (2) to September 21, 1982 on Weston Road, Weston, Connecticut. J / San Francisco County Bank of Santa Cruz, Santa Cruz, C a l i f o r n i a , extension of time t o March 16, 1983, within which t o establish a branch to be located at 1998 Main Street, City of Watsonville, C a l i f o r n i a . J J Chicago Centerville National Bank, C e n t e r v i l l e , Iowa, proposed purchase of assets and assumption of l i a b i l i t i e s and maintain branches of Seymour State Bank, Seymour, Iowa, under the charter of Centerville National Bank and t i t l e of Hawkeye Bank and Trust, National Association; report t o the Comptroller of the Currency on competitive fa cto rs. J / New York Chase Manhattan Bank, N.A., New York, New York, proposed purchase of assets and assumption of l i a b i l i t i e s of Chase Bank S.A., Buenos Aires, Argentina; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . \J Chicago Community Bank of Divernon, Divernon, I l l i n o i s , proposed merger with CB and D Bank, Divernon, I l l i n o i s , under the charter of CB of D Bank, and t i t l e of Community Bank of Divernon; report t o the Federal Deposit Insurance Corporation on competitive f a c t o r s . J / Atlanta F i r s t National Bank of C l a r k s v i l l e , C l a r k s v i l l e , Tennessee, proposed merger with FNB Interim National Bank, C l a r k s v i l l e , Tennessee; report t o the Comptroller of the Currency on competitive factors. V Atlanta F i r s t United Bank, Montezuma, Georgia, proposed merger with F i r s t United Interim, I n c . , Montezuma, Georgia; report to the Federal Deposit Insurance Corporation on competitive factors. 1/ V Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 38 - 5 ACTIONS OF THE BOARD - Continued Chicago Marine F i r s t National Bank, Janesville, Wisconsin, proposed merger with Marine F i r s t Peoples Bank, J a n e s v i l l e , Wisconsin and Marine Tobacco Exchange, Edgerton, Wisconsin, under the charter and t i t l e of Maine F i r s t National Bank; report t o the Comptroller of the Currency on competitive factors. V Chicago Marine National Exchange Bank of Milwaukee, M i l waukee, Wisconsin, proposed merger with Capitol Marine Bank, Milwaukee, and Wisconsin Marine Bank, Milwaukee, under the charter of Marine National Exchange Bank of Milwaukee, and t i t l e of Marine Bank, National Association; report t o the Comptroller of the Currency on competitive factors. J / San Francisco National Bank of La J o l l a , La J o l l a , C a l i f o r n i a , proposed purchase of certain assets and the assumption of certain l i a b i l i t i e s of the Heritage Bank o f f i c e located at 1400 Camino De La Raina, San Diego, C a l i f o r n i a , under the charter and t i t l e of the former; report t o the Comptroller of the Currency on competitive factors. j_/ Philadelphia Russell National Bank, Lewistown, Pennsylvania, proposed merger with Interim National Bank of Lewistown, Lewistown, Pennsylvania, under the t i t l e of the Russell National Bank and the charter of Interim National Bank of Lewistown; report to the Comptroller of the Currency on competitive f a c t o r s . J / Richmond Washington County National Bank of Abingdon, Abingdon, V i r g i n i a , proposed merger with Central F i d e l i t y Bank, National Association, Southwest, Abingdon, V i r g i n i a , a proposed new bank; report t o the Comptroller of the Currency on competitive f a c t o r s . 1/ T7 Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 38 - 6 ACTIONS OF THE BOARD - Continued To Establish a Domestic Branch Pursuant t o Section 9 of the Federal Reserve Act Approved Union Trust Company of Maryland, Baltimore, Maryland. To establish a branch at 8355 Snouffers School Road, Gaithersburg, Maryland. J / Richmond New York The Bank of New York, New York, New York. To establ i s h a branch at the Sayvilie Shopping Center, Railroad Avenue and Montauk Highway, Sayville, (Unincorporated area) Town of I s l i p , New York. ]_/ * * * * * To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Philadelphia Approved Chemical Bank (Delaware), Wilmington, Delaware. J / * * * * * Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978 Atlanta Not Disapproved Southeast Banking Corporation, Miami, Florida. * * * * * Applications and Notifications for 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 Atlanta TJ Approved Banco Del Pacifico I n t e r n a t i o n a l , Miami, Florida: grants permission to commence business as a corporation under the provisions of Section 25(a) of the Federal Reserve Act (9/17/82) \J Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 38 - 7 ACTIONS OF THE BOARD - Continued New York Sixty-Day N o t i f i c a t i o n Period Allowed to Expire C i t i c o r p , New York, New York: no objection to make an additional investment, either d i r e c t l y or i n d i r e c t l y , in Citilease Co., L t d . , Tokyo, Japan. * * * * * To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 Chicago Philadelphia Withdrawn American-DeKalb Bancorp, I n c . , De Kalb, I l l i n o i s , f o r approval t o acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of American National Bank of De Kalb, De Kalb, 111inois. Approved Drovers Bancshares Corporation, York, Pennsylvania, f o r approval to acquire 100 percent of voting shares of The Drovers & Mechanics Bank, York, Pennsylvania. ]_/ Philadelphia F i r s t Bath Corporation, Bath, Pennsylvania, for approval to acquire 100 percent of the voting shares of F i r s t National Bank of Bath, Bath, Pennsylvania. J / Philadelphia Peoples National Bancorp, I n c . , State College, Pennsylvania, f o r approval to acquire 100 percent of the voting shares of The Peoples National Bank of Central Pennsylvania, State College, Pennsylvania. J / Chicago GL & ML Limited, Aplington, Iowa, f o r approval to acquire at least 49 percent of the voting shares of Aplington Insurance, I n c . , Aplington, Iowa, and i n d i r e c t l y State Savings Bank, Aplington, Iowa. V Chicago North Side Bancorp., I n c . , Racine, Wisconsin, for approval to acquire at least 80 percent of the voting shares of North Side Bank, Racine, Wisconsin and 100 percent of North Side Bank of Caledonia, Caledonia, Wisconsin, a proposed new bank. 1/ T7 Application processed on behalf of the Board of Governors under delegated authority. H.2, 1982 No. 38 - 8 - ACTIONS OF THE BOARD - Continued Chicago United Bancorporation, I n c . , Rockford, I l l i n o i s , for approval t o acquire 98 percent of the voting shares of United Bank of I l l i n o i s , N.A., Rockford, I l l i n o i s ; United Bank of Belvidere, Belvidere, I l l i n o i s ; United Bank of Southgate, Rockford, I l l i n o i s and United Bancorporation, I n c . , Rockford, I l l i n o i s (an I l l i n o i s corporation), and i n d i r e c t l y acquire 98 percent of United Bank of Rochelle, Rochelle, I l l i n o i s ; S.B.A. Company, Rockford, I l l i n o i s , and i n d i r e c t l y United Bank of Rockford, Rockford, I l l i n o i s ; Oregon Corporation, Rockford, I l l i n o i s , and i n d i r e c t l y acquire 96 percent of United Bank of Ogle County, N.A., Oregon, I l l i n o i s and East Riverside I n c . , Rockford, I l l i n o i s and i n d i r e c t l y acquire 93 percent of United Bank of Loves Park, Loves Park, I l l i n o i s . JV St. Louis Columbia Bancshares, I n c . , Columbia, I l l i n o i s , f o r approval t o acquire at least 80 percent of the voting shares of Columbia National Bank, Columbia, Illinois, y St. Louis Frank 1 in Bancorp, I n c . , Franklin, Kentucky, for approval t o acquire 100 percent of the voting shares of the successor by merger to Franklin Bank 8 Trust Company, Franklin, Kentucky. J / St. Louis Rich Land Bancorp, I n c . , Olney, I l l i n o i s , f o r approval t o acquire 100 percent of the voting shares (less d i r e c t o r s ' q u a l i f y i n g shares) of Olney Trust Bank, Olney, I l l i n o i s , successor by merger to Olney Trust and Banking Company, Olney, I l l i n o i s . \J Kansas City F i r s t National Bancshares of Weatherford, I n c . , Weatherford, Oklahoma, for approval to acquire at least 80 percent of the voting shares of F i r s t National Bank of Weatherford, Weatherford, Oklahoma. 1/ Dal las F i r s t Republic Bancshares, I n c . , Rayville, Louisiana, for approval to acquire at least 80 percent of the voting shares of F i r s t Republic Bank, Rayville, Louisiana. 1/ Dallas Nacogdoches Commercial Bancshares, I n c . , Nacogdoches, Texas, f o r approval to acquire 100 percent of the voting shares of Commercial National Bank in Nacogdoches, Nacogdoches, Texas. J / T7 Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 38 - 9 ACTIONS OF THE BOARD - Continued To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 St. Louis Approved Union I l l i n o i s Company, East St. Louis, I l l i n o i s , f o r approval t o acquire up to 27 percent of the voting shares of Columbia National Bank, Columbia, I l l i n o i s . 1/ Kansas City Colorado National Bankshares, I n c . , Denver, Colorado, f o r approval t o acquire 100 percent of the voting shares of Colorado National Bank— Southwest, Jefferson County, Colorado, a proposed new bank. J / Dallas F i r s t City Financial Corporation, Mexico, for approval to acquire the voting shares of F i r s t City Roswel1, New Mexico, a proposed Dallas Mercantile Texas Corporation, Dallas, Texas, for approval t o acquire 100 percent of the voting shares of The Ashford Bank, Houston, Texas. ]_/ Dallas Texas Commerce Bancshares, I n c . , Houston, Texas, f o r approval to acquire 100 percent of the voting shares of Texas Commerce Bank-Greens Crossing, N.A., Houston, Texas, a proposed new bank. 1/ * * * * Albuquerque, New 100 percent of National Bank, new bank. J_/ * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Dallas 77 Approved I n t e r F i r s t Corporation, Dallas, Texas, f o r approval t o acquire 100 percent of the voting shares of Fannin Bancshares, I n c . , Houston, Texas, and i n d i r e c t l y Fannin Bank, Houston, Texas. J / Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 38 -10ACTIONS OF THE BOARD - Continued To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Chicago Approved F i r s t National Bancshares, I n c . , East Lansing, Michigan, for approval to acquire substantially a l l of the assets of Le Ann Corporation, East Lansing, Michigan, and thereby d i r e c t l y engage in the making and acquiring, for i t s own account, real estate loans and other extensions of credit as would be made by a mortgage company or other commercial lending i n s t i t u t i o n . J_/ Chicago GL & ML Limited, Aplington, Iowa, for approval to engage in s e l l i n g l i f e , casualty and credit l i f e and accident and health insurance in Aplington, Iowa (presently conducted by Aplington Insurance, I n c . ) . 1/ San Francisco Puget Sound Bancorp, Tacoma, Washington, f o r approval to acquire 100 percent of the voting shares of PS Mortgage Corporation, Washington Leasing Corporation and A f f i l i a t e d Escrow, I n c . , a l l in Seattle, Washington. 1/ Boston T7 3/ Permitted Old Stone Corporation, Providence, Rhode Island, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n operating a loan or investment bank as authorized by Rhode Island law, i n cluding the acceptance of time and savings deposits but excluding the acceptance of demand deposits or the making of commercial loans) at Metro Center Office Park, Warwick, Rhode Island, serving primarily the c i t i e s and town of Warwick, West Warwick, Cranston and East Greenwich plus Washington County in the State of Rhode Island, through i t s subsidiary, Guild Loan & Investment Company (9/13/82) 3/ Application processed on behalf of the Board of Governors under delegated a u t h o r i t y . 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 38 - 11 - ACTIONS OF THE BOARD - Continued New York Manufacturers Hanover Corporation, New York, New York, requests permission to expand the service area of f i v e existing o f f i c e s (arranging, making, or acquiring for i t s 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 c r e d i t ; and acting as agent or broker for the sale of credit l i f e insurance and credit accident and health insurance relating to such loans and other extensions of c r e d i t ) at 30100 Van Dyke Road, Suite 229, Warren, Michigan, serving customers in Wayne, Oakland, Macomb, and St. Clair Counties in Michigan; Suite 180, One Independence Place, 4807 Rockside Road, Independence, Ohio, serving customers in Cuyahoga, Lake, Lorain, Ashtabula, Geauga, Mahoning, Medina, Portage, Stark, Summit and Trumbull Counties in Ohio; 1819 Dobson Road, Mesa, Arizona, serving customers in the c i t i e s of Mesa and Tempe and in Maricopa, Coconino, Mohave and Yavapai Counties in Arizona; 2300 Palm Beach Lakes Boulevard, Suite 208, West Palm Beach, Florida, serving customers in Palm Beach, Dade, Broward, Martin, St. Lucie, Monroe, Okeechobee and Indian River Counties in Florida and Suite B-316, 3103 West Peoria Avenue, Phoenix, Arizona, serving customers in Maricopa, Coconino and Yuma Counties in Arizona, through i t s subsidiary, Manufacturers Hanover Mortgage Corporation (9/11/82)3/ Cleveland Ameritrust Corporation, Cleveland, Ohio, n o t i f i c a t i o n of intent to engage i n de novo a c t i v i t i e s (making or acquiring and servicing for i t s own account or for the account of others, loans and extensions of credit including commercial loans secured by a borrower's inventory, accounts receivable, making leases of personal property or acting as agent, broker or advisor in leasing such property and other extensions of c r e d i t such as would be made by a commercial finance company) at Diamond Shamrock Building, Dallas, Texas, the georgraphic area to be served is the Dallas SMSA, through i t s subsidiary, AT Financial Corporation (9/13/82) 3/ 37 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 38 - 12 - ACTIONS OF THE BOARD - Continued Chicago Associated Banc-Corp., Green Bay, Wisconsin, n o t i f i c a t i o n of intent t o engage in de novo a c t i v i t i e s ( i n mortgage banking) at 220 North Madison Street, Green Bay, Wisconsin, the geographic area to be served w i l l be the southern Wisconsin counties of Marquette, Columbia, Dane, Rock, Walworth, M i l waukee, Dodge, and Sheboygan and northern I l l i n o i s counties of Boone, McHenry, Lake, Winnebago, Kane, Du Page, Cook and W i l l , through i t s subsidiary, Associated Mortgage, Inc. (9/13/82) 3/ Dallas Mercantile Texas Corporation, Dallas, Texas, n o t i f i c a t i o n of intent t o engage in de novo a c t i v i t i e s ( i n certain financial and portfoTTo investment adviser a c t i v i t i e s , making or acquiring loans and other extensions of c r e d i t for i t s own or another's account, servicing loans f o r others and performing real estate appraisals) at 1704 Main Street, Dallas County, Dallas, Texas, through i t s wholly-owned subsidiary, Mercantile Energy Corporation (9/17/82) 3/ San Francisco BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of intent to expand de novo a c t i v i t i e s (making or acquiring for i t s own account loans and other extensions of credit such as would be made or acquired by a finance company; servicing loans and other extensions of c r e d i t ; and the 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 insurance in New Hampshire, Maine, Massachusetts and Vermont; c r e d i t - r e l a t e d accident and health insurance w i l l be offered in a l l states except Massachusetts; c r e d i t - r e l a t e d property insurance w i l l not be offered in any of the four states; such a c t i v i t i e s w i l l include, but not be limited t o , making loans and other extensions of credit to consumers and small businesses, purchasing installment sales finance contracts, making loans secured by real property, and o f f e r i n g c r e d i t related l i f e and c r e d i t - r e l a t e d accident and health insurance d i r e c t l y related to extensions of credit made or acquired by FinanceAmerica Corporation of New Hampshire Inc.) at The Executive Office Building, Third Floor, 20 Industrial Park Drive, Nashua, New Hampshire, serving the e n t i r e states of New Hampshire, Massachusetts and Vermont and 639 Main Street, Laconia, New Hampshire, serving 17 4(c)(8) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . H.2, 1982 No. 38 - 13 ACTIONS OF THE BOARD - Continued the e n t i r e states of New Hampshire, Maine and Vermont, through i t s i n d i re ct subsidiary, FinanceAmerica Corporation of New Hampshire I n c . , (a New Hampshire Corporation) (9/14/82) 3/ San Francisco Seafirst Corporation, Seattle, Washington, n o t i f i c a t i o n of intent t o expand the following de novo a c t i v i t i e s (the underwriting and s e l l i n g of c r e d i t l i f e and c r e d i t accident and health insurance d i r e c t l y related t o extensions of c r e d i t by Seafirst Corporation or i t s subsidiaries) in Seattle, Washington, serving Colorado, through i t s subsidiaries, Seafirst L i f e Insurance Company and Seafirst Insurance Corporation (9/18/82) 3/ San Francisco Security Pacific Corporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of intent t o relocate de novo a c t i v i t i e s (making or acquiring f o r i t s own account or f o r the account of others, loans and extensions of c r e d i t , including making consumer installment personal loans, purchasing consumer installment sales finance contracts, making loans to small businesses and other extensions of c r e d i t such as would be made by a factoring company or a consumer finance company, and acting as broker or agent f o r the sale of credit l i f e , and c r e d i t accident and health and credit property insurance) from 337 South Kennedy Drive, Bradley, I l l i n o i s , t o Homewood, I l l i n o i s , serving the State of I l l i n o i s , through i t s subsidiary, Security P a c i f i c Finance Corp. (9/16/82) 3/ 17 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y . 14 - H.2, 1982 No. 38 APPLICATIONS RECEIVED To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act St. Louis English State Bank, English, Indiana. To establish a domestic branch at the corner of Highway 64 and Valeen Road, Crawford County, Indiana. 2/ * * * * * To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act Richmond F i r s t V i r g i n i a Bank-Franklin County, Rocky Mount, V i r g i n i a , to merge with Farmers and Merchants Bank, Boones M i l l , V i r g i n i a . 7J * * * * * Applications and N o t i f i c a t i o n s f o r International Investments and Other Actions Pursuant t o 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 Atlanta Banco Del Pacifico I n t e r n a t i o n a l , Miami, Florida: requests permission to commence business as a corporation under the provision of Section 25(a) of the Federal Reserve Act. Dallas Mercantile National Bank of Dallas, Dallas, Texas: requests consent to establish two foreign subs i d i a r i e s , Mercantile Texas Bank (Overseas) Limited, t o be located in George Town, Grand Cayman, Cayman Islands, and Mercantile Texas Limited, t o be located in Hong Kong. San Francisco Banco do Brasil S.A., B r a s i l i a , B r a z i l : requests consent to establish an Edge Act Corporation in Washington, D. C., with branches in Chicago, I l l i n o i s ; Atlanta, Georgia; and Houston and Dallas, Texas. 77 Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 38 - 15 - APPLICATIONS RECEIVED - Continued To Establish a U. S. Branch of an Edge Act Corporation Pursuant t o Section 25(a) of the Federal Reserve Act San Francisco BankAmerica I n t e r n a t i o n a l , San Francisco, California: requests consent to establish a de novo branch in the Miami International A i r p o r t , Miami, Florida. * * * * * To Form.a Bank Holding Company Pursuant t o Section 3(a)(1) of the Bank Holding Company Act of 1956 New York Valbanque Corporation and i t s wholly-owned subsidiary, N.Y. Banco Holdings, L t d . , both of Hato Rey, Puerto Rico, f o r approval to acquire at least 25 percent of the voting shares of The F i r s t Women's Bank, New York, New York. 2/ New York W.L.T. Asian Holding Company (H.K.) L t d . , Hong Kong, B.C.C., f o r approval to acquire at least 75 percent of the voting shares of Community National Bank and Trust Company of New York, Staten Island, New York. 2/ Philadelphia Bank of Delaware Corporation, Wilmington, Delaware, f o r approval t o acquire 100 percent of the voting shares of Bank of Delaware, Wilmington, Delaware. Z] Richmond F i r s t Palmetto Bancshares Corp., Columbia, South Carolina, f o r approval t o acquire 100 percent of the voting shares of F i r s t Palmetto State Bank & Trust Company, Columbia, South Carolina. 2/ Atlanta B r i t t o n & Koontz Capital Corporation, Natchez, Mississippi, f o r approval t o acquire 100 percent of the voting shares of B r i t t o n & Koontz F i r s t National Bank, Natchez, Mississippi. 2/ Chicago ABC Bancorporation, I n c . , approval t o acquire 100 shares (less d i r e c t o r s ' the successor by merger Chicago, I l l i n o i s . 2/ 2/ Chicago, I l l i n o i s , f o r percent of the voting q u a l i f y i n g shares) of to Austin Bank of Chicago, Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 38 - 16 - APPLICATIONS RECEIVED - Continued Chicago Addison Bancshares, I n c . , approval to acquire 100 shares (less d i r e c t o r s ' the successor by merger Addison, I l l i n o i s . 2/ Chicago Beecher Bancorp, I n c . , Beecher, I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of Farmers State Bank of Beecher, Beecher, I l l i n o i s . 2/ Chicago F i r s t Manitowoc Bancorp, I n c . , Manitowoc, Wisconsin, for approval to acquire 80 percent of the voting shares of F i r s t National Bank in Manitowoc, Manitowoc, Wisconsin. 2/ Chicago Forrest Bancshares, I n c . , Forrest, I l l i n o i s , f o r approval to acquire 80 percent of the voting shares of F i r s t State Bank of Forrest, Forrest, I l l i n o i s . 2) Chicago Midwest Financial Group, I n c . , Peoria, I l l i n o i s , f o r approval to acquire 100 percent of the voting shares of the successor by merger t o : Commercial National Corporation, Peoria, I l l i n o i s , and i n d i r e c t l y Commerc i a l National Bank of Peoria, Peoria, I l l i n o i s ; Prospect National Bank of Peoria, Peoria, I l l i n o i s , and University National Bank of Peoria, Peoria, I l l i n o i s ; Champaign Bancorp, I n c . , Champaign, I l l i n o i s , and i n d i r e c t l y The F i r s t National Bank in Champaign, Champaign, I l l i n o i s ; I l l i n o i s National Bancorp, I n c . , S p r i n g f i e l d , I l l i n o i s , and i n d i r e c t l y I l l i n o i s National Bank of S p r i n g f i e l d , S p r i n g f i e l d , I l l i n o i s ; and F i r s t Trust & Savings Bank of Kankakee, Kankakee I l l i n o i s . 2/ S t . Louis Nelson Bancorp, I n c . , Chaplin, Kentucky, for approval t o acquire at least 80 percent of the voting shares of Peoples State Bank, Chaplin, Kentucky. 2/ St. Louis Smackover Bancshares, I n c . , Smackover, Arkansas, for approval to acquire at least 80 percent of the voting shares of Smackover State Bank, Smackover, Arkansas. 2/ 27 Addison, I l l i n o i s , for percent of the voting q u a l i f y i n g shares) of to F i r s t Security Bank, Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. I H.2, 1982 No. 38 - 17 - APPLICATIONS RECEIVED - Continued Minneapolis Eitzen Independents, I n c . , Eitzen, Minnesota, for approval t o acquire 84.4 percent of the voting shares of Eitzen State Bank, Eitzen, Minnesota. 2J Kansas City Green Mountain Bancorporation, I n c . , Englewood, Colorado, f o r approval to acquire 100 percent of the voting shares of Green Mountain Bank, Lakewood, Colorado. 2/ Kansas City Midland BanCor, I n c . , Lee's Summit, Missouri, f o r approval t o acquire at least 80 percent of the voting shares of Midland Bank, Lee's Summit, Missouri. 2/ Dallas Community Bancorporation, I n c . , Bel 1 v i l i e , Texas, f o r approval to acquire 100 percent of the voting shares of The F i r s t National Bank of Bel 1 v i l l e , B e l l v i l l e , Texas. 2/ Dallas F i r s t State Bancshares of Yoakum, I n c . , Yoakum, Texas, f o r approval to acquire at least 80 percent of the voting shares of F i r s t State Bank, Yoakum, Texas. 2/ Dallas United Bancorp., I n c . , V i c t o r i a , Texas, f o r approval t o acquire at least 80 percent of the voting shares of Unitedbank - V i c t o r i a , V i c t o r i a , Texas. 2J San Francisco Hanil Bank, Seoul, Korea, for approval t o acquire 82.69 percent of the outstanding voting stock of F i r s t State Bank of Southern C a l i f o r n i a , Lynwood, C a l i f o r n i a . 2J San Francisco PNB Financial Group, Newport Beach, C a l i f o r n i a , f o r approval t o acquire 100 percent of the voting shares of P a c i f i c National Bank, Newport Beach, C a l i f o r n i a . 2j San Francisco SDNB Financial Corp., San Diego, C a l i f o r n i a , f o r approval to acquire 100 percent of the voting shares of San Diego National Bank, San Diego, C a l i f o r n i a . 2j San Francisco Torrey Pines Group, Sol ana Beach, C a l i f o r n i a , f o r approval t o acquire 100 percent of the voting shares of Torrey Pines Bank, Sol ana Beach, C a l i f o r n i a . 2/ 2J Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as to the length of the comment period. H.2, 1982 No. 38 -18- APPLICATIONS RECEIVED - Continued To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 New York The Summit Bancorporation, Summit, New Jersey, f o r approval to acquire 100 percent of the voting shares of the successor by merger to Ocean County National Bank, Point Pleasant, New Jersey. 2J Richmond NCNB Corporation, Charlotte, North Carolina, for approval to acquire 100 percent of the voting shares of Exchange Bancorporation, I n c . , Tampa, Florida and i n d i r e c t l y Exchange Bank & Trust Company of F l o r i d a , Tampa, Florida; Exchange Bank of C o l l i e r County, Naples, Florida; Exchange National Bank of Lake County, Clermont, Florida; Exchange Bank of Lee County, Fort Myers, Florida; Exchange National Bank of Manatee C i t y , Bradenton, Florida; Exchange Bank of Osceola, Kissimmee, F l o r i d a ; Exchange Bank of Sarasota C i t y , Sarasota, Florida; Exchange Bank of Charlotte C i t y , National Association, Englewood, Florida; Exchange Bank of Polk County, Winter Haven, F l o r i d a . 2J Atlanta A t l a n t i c Bancorporation, Jacksonville, Florida, f o r approval t o acquire 100 percent of the voting shares of A t l a n t i c National Bank of Florida at Orange Park, Orange Park, Florida, a proposed new bank. 2J Atlanta SafraCorp, Miami, F l o r i d a , f o r approval to acquire 100 percent of the voting shares of Safra Bank I I , N.A., Pompano Beach, F l o r i d a , a proposed new bank. 2/ Chicago Central of I l l i n o i s , I n c . , S t e r l i n g , I l l i n o i s , f o r approval t o acquire 100 percent of the voting shares of MOUNT MORRIS BANSHARES, INC., Mount Morris, I l l i n o i s , and i n d i r e c t l y up to 98.35 percent of Citizens State Bank of Mount Morris, Mount Morris, I l l i n o i s . ZJ Chicago Hawkeye Bancorporation, Des Moines, Iowa, f o r approval t o acquire 100 percent of the voting shares of F i r s t National Bank in Lenox, Lenox, Iowa. 2/ TJ Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as t o the length of the comment period. H.2, 1982 No. 38 - 19 - APPLICATIONS RECEIVED - Continued Chicago Mid-Citco Incorporated, Chicago, I l l i n o i s , for approval t o acquire 100 percent of the voting shares of the successor by merger to F i r s t National Bank of Morton Grove, Morton Grove, I I l i n o i s . 2j St. Louis Bank of Poplar B l u f f Bancshares, I n c . , Poplar B l u f f , Missouri, f o r approval to acquire at least 80 percent of the voting shares of Bank of Marble H i l l , Marble H i l l , Missouri. 2/ St. Louis Ridgway Bancorp., I n c . , Ridgway, I l l i n o i s , for approval t o acquire 100 percent of the voting shares of Frankfort Bancorporation, I n c . , West Frankfort, I l l i n o i s and i n d i r e c t l y at least 80 percent of the voting shares of Bank of West Frankfort, West Frankfort, I l l i n o i s . 2/ St. Louis Ridgway Bancorp., I n c . , Ridgway, I l l i n o i s , for approval to acquire 100 percent of the voting shares of Vienna Bancorp., I n c . , Vienna, I l l i n o i s and i n d i r e c t l y at least 80 percent of the voting shares of Drovers State Bank, Vienna, I l l i n o i s . 2/ Kansas City Alpine Bancorp., I n c . , Glenwood Springs, Colorado, f o r approval t o acquire 100 percent of the voting shares of Alpine Bank, Glenwood Springs (a proposed new bank), Valley Bank & Trust, Eagle; Basalt Bancorp, I n c . , Basalt, and i n d i r e c t l y Bank of Basalt, Basalt; Snowmass Bancorp, I n c . , Snowmass V i l l a g e , and i n d i r e c t l y Bank of Snowmass, Snowmass V i l l a g e ; Colorado River Bancorp, C l i f t o n , and i n d i r e c t l y Bank of C l i f t o n , C l i f t o n , a l l located in Colorado. 2/ Kansas City Citizens Ban-Corporation, Rock Port, Missouri, for approval to acquire at least 80 percent of the voting shares of Kingston Bank, Kingston, Missouri, and of The Farmers Bank of Sheridan, Sheridan, Missouri. 2/ J? Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as of the length of the comment period. H.2, 1982 No. 38 -20- APPLICATIONS RECEIVED - Continued Dal las F i r s t City Bancorporation of Texas, I n c . , Houston, Texas, f o r approval to acquire 100 percent of the voting shares of Graham National Bancorporation, Graham, Texas, and i n d i r e c t l y The Graham National Bank, Graham, Texas. 2/ Dallas Texas Commerce Bancshares, I n c . , Houston, Texas, for approval t o acquire 100 percent of the voting shares of Texas Commerce Bank-West Oaks, N.A., Houston, Texas, a proposed new bank. 2J Dallas Westex Bancorp, I n c . , Del Rio, Texas, f o r approval t o acquire 100 percent of the voting shares of Sutton County National Bank, Sonora, Texas, a proposed new bank. 2J * * * * * To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956 Cleveland PNC Financial Corp., Pittsburgh, Pennsylvania, f o r approval t o acquire 100 percent of the voting shares of Pittsburgh National Corporation, Pittsburgh, Pennsylvania and i n d i r e c t l y Pittsburgh National Bank, Jeannette, Pennsylvania, Somerset Trust Company, Somerset, Pennsylvania and Peoples Bank, Weirton, West V i r g i n i a and Provident National Corporation, Philadelphia, Pennsylvania and i n d i r e c t l y Provident of Delaware Bank, Wilmington, Delaware and Provident National Bank, Bryn Mawr, Pennsylvania. 2/ Dallas F i r s t Security National Corporation, Houston, Texas, for approval t o merge with Graham National Bancorpo r a t i o n , Graham, Texas and acquire shares of The Graham National Bank, Graham, Texas. 2/ * 77 * * * * Application subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the applicable Reserve Bank may be contacted as t o the length of the comment period. H.2, 1982 No. 38 - 21 - APPLICATIONS RECEIVED - Continued To Expand a Bank Holding Company Pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956 Boston Hospital Trust Corporation, Providence, Rhode Island, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (underwriting, as reinsurer, c r e d i t l i f e and c r e d i t d i s a b i l i t y insurance which is d i r e c t l y related to extensions of c r e d i t by the c r e d i t extending a f f i l i a t e s of Hospital Trust Corporation) at One Hospital Trust Plaza, Providence, Rhode Island and 1500 Southwest Financial Plaza, 3101 North Central Avenue, Phoenix, Arizona, serving Rhode Island, through i t s subsidiary, RIHT L i f e Insurance Company (9/16/82) Philadelphia York Bancorp, York, Pennsylvania, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (underw r i t i n g , as reinsurer, c r e d i t l i f e and credit accident and health insurance d i r e c t l y related t o extensions of c r e d i t by Applicant's subs i d i a r y bank, The York Bank and Trust Company) i n Phoenix, Arizona, the georgraphic area t o be served is Southeastern Pennsylvania, through i t s subsidiary. Dickinson L i f e Insurance Company (9/16/82) Cleveland PNC Financial Corp., Pittsburgh, Pennsylvania, f o r approval to acquire The Kissel 1 Company, Pittsburgh National Discount Corporation, PINACO, I n c . , Pittsburgh National Leasing Corp., Pittsburgh National L i f e Insurance Company, Pittsburgh National Commercial Corporation, Provident National Investment Corporation, and Provident National Financial Corporation. Richmond NCNB Corporation, Charlotte, North Carolina, for approval t o acquire Exchange Financial Services, I n c . , Tampa, Florida; Exchange Leasing, I n c . , Tampa, F l o r i d a ; Exchange Travel Service, I n c . , Exchange Operating Services Corporation. Atlanta SafraCorp, Miami, Florida, f o r approval to engage in lending a c t i v i t i e s . Chicago Midland Mortgage Corporation, D e t r o i t , Michigan, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (to perform loan o r i g i n a t i o n and mortgage loan servicing and accounting for H.2, 1982 No. 38 - 22 - APPLICATIONS RECEIVED - Continued Midland Mortgage Corporation) at 201 E. Pine Street, Suite 524, Orlando, Florida, the geographic area served w i l l be nationwide (9/8/82) Minneapolis F i r s t Bank System, I n c . , Minneapolis, Minnesota, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( i n the mortgage banking Imsiness, including the brokering, o r i g i n a t i o n , purchase, sale and servicing of real estate mortgage loans) at 1711 Office Center, 1711 West County Road B, Roseville, Minnesota, serving the MinneapolisSt. Paul SMSA consisting of St. Croix County in ' Wisconsin and Anoka, Dakota, Hennepin, Ramsey, Washington, Chicago, Wright, Scott and Carver Counties in Minnesota, through i t s subsidiary, FBS Mortgage Corporation (9/7/82) Minneapolis Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring loans or other extensions of credit such as would be made by a commercial finance company, involving commercial loans secured by borrower's inventory, accounts receivable, or other assets; servicing such loans for others; and making leases of personal property in accordance with the Board's Regulation Y) at 14800 Quorum Drive, Suite 529, Dallas, Texas, serving Texas, Oklahoma, Louisiana, Arkansas, Missouri, Kansas, Tennessee, New Mexico, Arizona and Alabama, through i t s subsidiary, Banco Financial Corporation (9/8/82) Minneapolis Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s (consumer and commercial finance, and the sale of c r e d i t - r e l a t e d insurance) from 1103 Hampton Street, Columbia, South Carolina t o Dutch Plaza, Suite 107, 800 Dutch Square Boulevard, Columbia, South Carolina, through i t s subs i d i a r y , Dial Finance Company of South Carolina (9/16/82) Minneapolis Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s (consumer and commerciafTi nance, and the sale of c r e d i t - r e l a t e d insurance) from 4724 Broadway, Gary, Indiana to Twin Towers Mall, Unit 27, 1000 East 80th Place, M e r r i l l v i l i e , Indiana, serving substantially the same geographical area as the e x i s t i n g o f f i c e , through i t s subsidiary, Dial Finance Company of Indiana, Inc. (9/16/82) H.2, 1982 No. 38 - 23 - APPLICATIONS RECEIVED - Continued Minneapolis Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to relocate de novo a c t i v i t i e s (consumer and commercial finance, and the sale of c r e d i t - r e l a t e d insurance) from 1339 South Glenstone Avenue, S p r i n g f i e l d , Missouri to 2724 South Glenstone Avenue, S p r i n g f i e l d , Missouri through i t s subsidiaries, Dial Finance Company of Missouri and Dial Finance Company of Missouri No. 1 (9/16/82) Minneapolis Northwest Bancorporation, Minneapolis, Minnesota, n o t i f i c a t i o n of intent to relocate de novo ' a c t i v i t i e s (consumer and commercial finance, and the sale of c r e d i t - r e l a t e d insurance) from 7122 Alameda Avenue, Hidden Valley Shopping Center, El Paso, Texas, t o Airways Junction Shopping Center, Suite D-7, 1201 Airway Boulevard, El Paso, Texas, through i t s subsidiary, Dial Finance Company of Texas (9/16/82) Kansas City Eaton Capital Corporation, Loup C i t y , Nebraska, for approval t o acquire 100 percent of Colorado Industrial Bank, Eaton, Colorado and i n d i r e c t l y engage in c r e d i t - r e l a t e d insurance through Bank. San Francisco BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of i t s intent t o engage in a de novo a c t i v i t y ( i n the a c t i v i t y of s e l l i n g travelers checks) at the Miami International A i r p o r t , Miami, F l o r i d a , serving the e n t i r e State of Florida, through i t s i n d i r e c t subsidiary, FinanceAmerica Corporation (a Florida corporation) (9/16/82) San Francisco BankAmerica Corporation, San Francisco, C a l i f o r n i a , n o t i f i c a t i o n of intent t o engage i n de novo a c t i v i t i e s (making or acquiring for i t s own account loans and other extensions of c r e d i t such as would be made or acquired by a finance company; servicing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance, c r e d i t - r e l a t e d accident and health insurance and c r e d i t - r e l a t e d property insurance; such a c t i v i t i e s w i l l include, but not be l i m i t e d t o , purchasing installment sales finance contracts, making loans and other extensions of c r e d i t t o consumers as well as small businesses, making loans and other extensions of credit secured by real and personal prop e r t y , and o f f e r i n g c r e d i t - r e l a t e d l i f e , c r e d i t related accident and health and c r e d i t - r e l a t e d J V" ' t » H.2, 1982 No. 38 - 24 - APPLICATIONS RECEIVED - Continued property insurance, c r e d i t - r e l a t e d l i f e and c r e d i t related accident and health insurance may be r e i n sured by BA Insurance Company, I n c . , an a f f i l i a t e of FinanceAmerica Consumer Discount Company) at 241 West Broad Street, Quakertown, Pennsylvania, serving the e n t i r e State of Pennsylvania, through i t s i n d i r e c t subsidiary, FinanceAmerica Consumer Discount Company (a Pennsylvania corporation) (9/14/82) San Francisco Rainier Bancorporation, Seattle, Washington, n o t i f i c a t i o n of intent t o engage i n de novo a c t i v i t i e s (making or acquiring f o r i t s own account or f o r the account of others, loans or other extensions of c r e d i t ; and acting as an Insurance agent or broker with regard t o insurance that is d i r e c t l y related to extensions of c r e d i t by Rainier Mortgage Company in the following categories: mortgage redemption insurance i n the form of credit l i f e and d i s a b i l i t y insurance; property and casualty insurance on real and personal property, Including homeowners, f i r e and extended coverage, l i a b i l i t y , b u i l d e r ' s course of construction, and builder borrower Insurance and performance bonds) in Houston, Texas, serving the e n t i r e State of Texas, through i t s subsidiary, Rainier Mortgage Company (9/18/82) * * * * * REPORTS RECEIVED None. PETITIONS FOR RULEMAKING None.