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ANNOUNCEMENT BY
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
(H.2, 1978 No. 38)
Actions of the Board; Applications and Reports
Received During the Week Ending September 23, 1978
ACTIONS OF THE BOARD
Regulation T amendment, to permit brokers or dealers to
extend and maintain credit on certain nonconvertible
corporate bonds. (Docket No. R-0080)
Report on bill S. 3485, letter to Chairman Proxmire,
Senate Committee on Banking, Housing and Urban Affairs,
regarding proposed legislation that would improve the
Nation's financial system by promoting competitive
equality among depository institutions and enhancing the
effectiveness of monetary policy.
Report on bill H.R. 12510, the "Federal Reserve Act
Amendments of 1978", letter to Chairman Mitchell, Subcommittee on Domestic Monetary Policy of the House
Banking Committee regarding the co-terminous term of the
Chairman and Vice Chairman of the Federal Reserve Board.
Report on bill H.R. 13471, The Financial Institutions
Regulatory Act of 1978, response to request for comments
on proposed amendments to the Act sent to Chairman St.
Germain, Subcommittee on Financial Institutions Supervision, Regulation and Insurance of the House Banking
Committee.
Policy statement regarding intercorporate income tax accounting
transactions of bank holding companies and State-chartered
banks that are members of the Federal Reserve System.
Bank supervisory agencies (Federal), adoption of a uniform
interagency system for rating the trust departments of
the nationfs commercial banks.
Policy statement for the administration of service contracts
in the Federal Reserve System.
Discount rate increase from 7-3/4 per cent to 8 per cent.

H.2, 1978 No. 38

- 2 ACTIONS OF THE BOARD-Continued

Balch Springs Bancshares, Inc., Balch Springs, Texas, extension of time to November 27, 1978, within which to
consummate the acquisition of First Bank, Balch Springs,
Texas. 1/
FirstTrust Bancshares Corporation, Cedar Rapids, Iowa,
extension of time to November 22, 1978, within which to
become a bank holding company through the acquisition of
90 per cent or more of the voting shares of First Trust
& Savings Bank, Cedar Rapids, Iowa. V
Hamlin Financial Corporation, Hamlin, Texas, extension of
time to October 6, 1978, within which to file its registration statement. 1/
Kenco Bancshares, Inc., Jayton, Texas, extension of time to
December 29, 1978, within which to consummate the acquisition of Kent County Bank, Jayton, Texas. 1/
Metropolitan Bank and Trust Company, Philippine Securities
Corporation, and Tytana Corporation, all of Makati,
Rizal, Philippines, extension of time to December 22,
1978, within which to acquire shares of International
Bank of California, Los Angeles, California. 1/
SWB Corporation, Oklahoma City, Oklahoma, extension of time
to December 20, 1978, within which to consummate the
acquisition of Southwestern Bank and Trust Company,
Oklahoma City, Oklahoma. 1J
Texas Commerce Bancshares, Inc., Houston, Texas, extension
of time to December 20, 1978, within which to consummate
the acquisition of South Belt Commerce Bank, National
Association, Houston, Texas, a proposed new bank. 1/
United Missouri Bancshares, Inc., Kansas City, Missouri,
extension of time to December 25, 1978, within which to
consummate the acquisition of City Bond and Mortgage
Company, Kansas City, Missouri. 1/
Flagship Bank of Tampa, Tampa, Florida, extension of time
to March 15, 1979, within which to merge with Flagship
Bank of Town N 1 Country, Tampa, Florida, Flagship Bank
of Tampa - East, Tampa, Florida, and Flagship Bank of
Lutz, Lutz, Florida. V
1/

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




H.2, 1978 No. 38

- 3 ACTIONS OF THE BOARD-Continued

Citizens Bank & Trust Company, Park Ridge, Illinois, to
make an investment in bank premises. 1/
Issuance of subordinated capital notes by Jefferson Bank
& Trust, Lakewood, Colorado. 1./
Farmers Bank of Kutztown, Kutztown, Pennsylvania, proposed
merger with National Central Bank, Lancaster, Pennsylvania;
report to the Comptroller of the Currency on competitive
factors. V
Guaranty National Bank, Houston, Texas, proposed merger with
Guaranty Bank of Commerce National Association, Houston,
Texas; report to the Comptroller of the Currency on
competitive factors. 1/
Harrison Deposit Bank and Trust Company, Cynthiana, Kentucky,
proposed merger with Harrison State Bank Company, Cynthiana,
Kentucky; report to the Federal Deposit Insurance Corporation on competitive factors. V
Lee County Bank, Opelika, Alabama, proposed merger with The
Bank of East Alabama, Opelika, Alabama; report to the
Federal Deposit Insurance Corporation on competitive
factors. 1/
900 Congress State Bank. Austin, Texas, proposed merger with
Texas State Bank, Austin, Texas; report to the Federal
Deposit Insurance Corporation on competitive factors. 1/
Union Bank, Los Angeles, California, extension of time to
September 17, 1978, within which to effect divestiture
of shares of Ihop Corp. 1/

Jj

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




H.2, 1978 No. 38

- 4 ACTIONS OF THE BOARD-Continued

International Investments and Other Actions Pursuant to
Sections 25 and 25(a) of the Federal Reserve Act and
Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company
Act of 1956, as amended
Approved
First National Boston Corporation, Boston, Massachusetts:
grants consent to continue holding the shares of the
First National Bank of Boston (Guernsey) Ltd• (FNBB
Guernsey), St. Peter Port, Channel Islands after FNBB
Guernsey organizes three unit trusts, Boston Equity
Investments Fund, Boston Income Investments Fund, and
Boston International Equity Investment Fund, all of
which will be engaged by FNBB and FNBB Guernsey.
* * * * *

To Establish an Overseas Branch of a Member Bank
Pursuant to Section 25 of the Federal Reserve Act
Approved
United California Bank, Los Angeles, California: grants
permission to establish a branch in Hong Kong, B.C.C.
* * * * *

To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
Approved
Guaranty Bank and Trust Company, Florence, South Carolina.
Branch to be established at the intersection of Interstate Highways 20 and 95, Florence County. 2/
Central Bank of Northern Virginia, Baileyfs Crossroads,
Virginia. Branch to be established in the Burke Town
Plaza Shopping Center, 9516 Old Kenne Mill Road, Burke,
Fairfax County. 2/
2/

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




5 -

H.2, 1978 No. 38

ACTIONS OF THE BOARD-Continued
United Virginia Bank of Charlottesville, Charlottesville,
Virginia. Branch to be established in the Albemarle
Square Shopping Center, at the intersection of U.S.
Route 29 and Rio Road, Albemarle County. 2/
South County Bank, Venice, Florida. Branch to be established at 100 North Tamiami Trail, Nokomis. 2/
*

* * * *

To Merge Pursuant to Section 18(c) of the Federal
Deposit Insurance Act
Approved
Bank of Utah, Ogden, Utah, to merge with Bank of Brigham
City, Brigham City. 2/
* * * * *

To Form a Bank Holding Company Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Withdrawn
Fayette Bancorporation, Marion, Iowa, for approval to
acquire 80 per cent or more of the voting shares of
Citizens Savings Bank, Hawkeye, Iowa.
Approved
Herget Financial Corp., Pekin, Illinois, for approval to
acquire 100 per cent of the voting shares (less directors' qualifying shares) of the successor by merger
to The Herget National Bank of Pekin, Pekin, Illinois.
Northern Cities Bancorporation, Inc., Anoka, Minnesota,
for approval to acquire 80.4 per cent of the voting
shares of State Bank of Anoka, Anoka, Minnesota. 2/
St. Joseph Bancshares, Inc., St. Joseph, Missouri, for approval to acquire 99.6 per cent or more (less directors1
qualifying shares) of the voting shares of Farmers State
Bank, St. Joseph, Missouri.
2/

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




I

H.2, 1978 No. 38

—

6

—

ACTIONS OF THE BOARD-Continued
State Exchange Bancshares, Inc., Yates Center, Kansas,
for approval to acquire 85 per cent or more of the
voting shares of The State Exchange Bank, Yates Center,
Kansas. 2J
*

* * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
Approved
Exchange Bancorporation, Inc., Tampa, Florida, for approval to acquire 80 per cent or more of the voting
shares of The Vanderbilt Bank, Collier County (P.O.
Naples), Florida.
Duclarkee, Inc., Knoxville, Iowa, for approval to retain
31.64 per cent of the voting shares of Iowa State
Savings Bank, Knoxville, Iowa.
First American Bank Corporation, Kalamazoo, Michigan,
for approval to acquire 100 per cent of the voting
shares of the successor by merger to Van Buren State
Bank, Hartford, Michigan. 27
* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Returned
Banko, Inc., Osceola, Iowa, notification of intent to
continue to engage in die novo activities (acting as
agent or broker in the sale of credit life, health and
accident insurance incidental to extensions of credit by
its subsidiary) at U.S. Highway 34 West, Osceola, Iowa,
through its subsidiary, Banko Insurance Agency (9/20/78)
if
2J
3/

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




H.2, 1978 No. 38

7
ACTIONS OF THE BOARD-Continued

Reactivated
First Pennsylvania Corporation, Philadelphia, Pennsylvania,
notification of intent to expand the activities of subsidiaries (sale of credit-related property damage and
liability insurance on collateral at the offices of
Ellwood Consumer Discount Company in Ellwood City,
Aliquippa and Beaver Falls, all in Pennsylvania) (9/22/78)
3/
Permitted
Mellon National Corporation, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activities
(acting as insurance agent or broker with respect to
credit life insurance, credit accident and health insurance, and/or mortgage redemption insurance which
insurance is directly related to an extension of credit
by Mellon National Mortgage Company of Colorado, such
insurance will be associated with mortgage loans made by
Mellon National Mortgage Company of Colorado) in or
around the cities of Denver, Colorado and Phoenix,
Arizona, through its wholly-owned subsidiary, Laurel
Insurance Agency, Inc. (9/20/78) 3/
Pittsburgh National Corporation, Pittsburgh, Pennsylvania,
notification of intent to engage in de novo activities
(mortgage banking, including the making or acquiring and
servicing for its own accounts or the accounts of others,
loans and other extensions of credit) at 150 Executive
Center Drive, Suite 209, Greenville, South Carolina,
through its wholly-owned subsidiary, The Kissell Company
(9/17/78) 2/
Southern Bancorporation, Inc.* Greenville, South Carolina,
notification of intent to engage in de novo activities
(making extensions of credit as a licensed consumer finance lender under The Consumer Finance Division; and
acting as agent for the sale of credit related life,
accident and disability insurance, and credit related
property and casualty insurance issued in connection
with the above-mentioned extensions of credit) at 131
"A" Caldwell Street, Rock Hill, South Carolina, through
its subsidiary, World Acceptance Corporation d/b/a World
Finance of Rock Hill (9/21/78) 3/
3/

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




H.2, 1978 No. 38

8
ACTIONS OF THE BOARD-Continued

First Alabama Bancshares, Inc., Birmingham, Alabama, notification of intent to engage in d£ novo activities (the
FAB Agency, Inc. proposes to engage in the activities of
acting as insurance agent or broker for the sale of
physical damage insurance which is directly related to
an extension of credit or the provision of other financial
services by a bank or bank related subsidiary of First
Alabama Bancshares, Inc.) in Athens, Bay Minette, Bayou
La Batre, Birmingham, Dothan, Gadsden, Guntersville,
Hartselle, Huntsville, Montgomery, Phenix City, Selma,
Tuscaloosa and Notasulga, all in Alabama (9/23/78) 3/
Rainier Bancorporation, Seattle, Washington, notification
of intent to engage in de novo activities (making or
acquiring, for its own account or for the account of
others, loans and other extensions of credit) at 1351
Hudson Street, Longview, Washington, through it subsidiary, Rainier Mortgage Company (9/21/78) 3/
Rainier Bancorporation, Seattle, Washington, notification
of intent to engage in cte novo activities (making or
acquiring, for its own account or for the account of
others, loans and other extensions of credit) at 102
East Yakima Avenue, Yakima, Washington, through its
subsidiary, Rainier Mortgage Company (9/23/78) 3/

3/

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




H.2, 1978 No. 39




- 9
APPLICATIONS RECEIVED

To Establish a Domestic Branch Pursuant to Section
9 of the Federal Reserve Act
First Lorain Trust Company, Lorain, Ohio. Branch to be
established at 1920 Cooper Foster Park Road, Lorain,
Lorain County.
The Bridgeville Trust Company, Bridgeville, Pennsylvania.
Branch to be established at Route 519, South Fayette
Township, Allegheny County.
*

* * * *

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

To Form a Bank Holding Company Act Pursuant to Section
3(a)(1) of the Bank Holding Company Act of 1956
Townsend Financial Corporation, Parsons, Tennessee, for
approval to acquire 90 per cent of the voting shares of
Farmers Bank, Parsons, Tennessee.
CITIZENS, INC., Winsted, Minnesota, for approval to acquire
89.67 per cent of the voting shares of Citizens State
Bank of Winsted, Winsted, Minnesota.
THE FISCHER CORPORATION, Lewiston, Minnesota, for approval
to acquire 86.4 per cent of the voting shares of Security
State Bank of Lewiston, Lewiston, Minnesota.
CITIZENS BANKSHARES, INC., Farmington, New Mexico, for approval to acquire 80 per cent or more (except directors'
qualifying shares) of the voting shares of The Citizens
Bank, Farmington, New Mexico.

H.2, 1978 No. 38

10 -

APPLICATIONS RECEIVED-Continued
Oklahoma National Banshares, Inc., Oklahoma City, Oklahoma,
for approval to acquire more than 80 per cent (less directors* qualifying shares) of the voting shares of
Oklahoma National Bank and Trust Company, Oklahoma City,
Oklahoma.
Carthage Bancshares, Inc., Carthage, Texas, for approval to
acquire 80 to 99.85 per cent of the voting shares (less
directors1 qualifying shares) of The First National Bank
of Carthage, Carthage, Texas.
* * * * *

To Expand a Bank Holding Company Pursuant to Section
3(a)(3) of the Bank Holding Company Act of 1956
First Banc Group of Ohio, Inc., Columbus, Ohio, for approval to acquire 100 per cent of the voting shares
(except directors1 qualifying shares) of the successor
by merger to The Marion County Bank, Marion, Ohio.
St. Joseph Agency, Inc., South Bend, Indiana, for approval
to acquire an additional 1.70 per cent of the voting
shares of St. Joseph Bank and Trust Company, South Bend,
Indiana, South Bend, Indiana.
Alpha Agency, Inc., Aztec, New Mexico and Pierce Agency,
Inc., Aztec, New Mexico, for approval to acquire 44.6
per cent of CITIZENS BANCSHARES, INC., Farmington, New
Mexico and indirectly 80 per cent or more of the voting
shares of The Citizens Bank, Farmington, New Mexico.

* * * * *

To Expand a Bank Holding Company Pursuant to Section
4(c)(8) of the Bank Holding Company Act of 1956
Industrial National Corporation, Providence, Rhode Island,
notification of intent to engage in de_ novo activities
(origination and sale of residential mortgages and insurance agency for the sale of credit life and credit
accident and health insurance directly related to an




H.2, 1978 No. 38

-

11

-

APPLICATIONS RECEIVED-Continued
extension of credit) at Suite 204, 1100 East Sahara
Avenue, Las Vegas, Nevada, through its indirect subsidiary, Mortgage Associates, Inc., Milwaukee, Wisconsin
(a Rhode Island Corporation) which is a wholly-owned
subsidiary of Industrial National Corporation's direct
subsidiary, MAI Financial Corporation, Milwaukee,
Wisconsin (a Wisconsin Corporation) (9/18/78) 3/
Manufacturers Hanover Corporation, New York, New York, notification of intent to engage in de novo activities
(arranging, making or acquiring for its own account or
for the account of others, loans and other extensions of
credit such as would be made by a finance company;
making or acquiring, for its own account or for the
account of others, loans and other extensions of credit
such as would be made by a sales finance company including purchasing installment sales finance contracts;
servicing any such loans and other extensions of credit
for any persons; and acting as agent or broker for the
sale of credit related life and accident and health
insurance and property damage and liability insurance
which is related to extensions of credit made and acquired
by The Financial Source Inc. of Indiana) at 202 South
Main Street, Salem, Indiana and 49 North Main Street,
Franklin, Indiana, through its subsidiary, The Financial
Source Inc. of Indiana (9/21/78) 3/
Manufacturers Hanover Corporation, New York, New York, notification of intent to engage in de novo activities
(making or acquiring, for its own account or for the
account of others, loans and other extensions of credit
such as would be made by a finance company; making or
acquiring, for its own account or for the account of
others, loans and other extensions of credit such as
would be made by a sales finance company including purchasing installment sales finance contracts; servicing
any such loans and other extensions of credit for any
person; acting as agent or broker for the sale of credit
related life and accident and health insurance in all
such extension of credit, and property damage and liability
insurance in connection with sales finance and extensions
of credit made and acquired by Ritter Finance Company,
Inc. of Kentucky) at the Washington Square Center (Store
#15) Georgetown, Kentucky, through its subsidiary,
Ritter Finance Company, Inc. of Kentucky (9/22/78) 3/
3/

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




H.2, 1978 No. 38

-

12

-

APPLICATIONS RECEIVED-Continued
Maryland National Corporation, Baltimore, Maryland, notification of intent to engage in de_ novo activities
(engaging generally in the business of leasing personal
property (including, but not limited to, the leasing of
various types of equipment, machinery, vehicles, transportation equipment, and data processing equipment and
including conditional sales contracts and chattel mortgages) where the lease is the functional equivalent of
an extension of credit; originating personal property
leases as principal or agent; servicing personal property
leases as principal or agent; buying, selling and otherwise dealing in personal property lease contracts as
principal or agent; acting as adviser in personal property leasing transactions; and engaging in the sale, as
agent or broker, of insurance similar in form and intent
to credit life and/or mortgage redemption insurance) at
10 Light Street, Baltimore, Maryland and 300 E. Joppa
Road, Towson, Maryland, through its wholly-owned subsidiary, Maryland National Leasing Corporation, through a
subsidiary to be known as Maryland National Leasing Services Corporation (9/21/78) 3/
Union Trust Bancorp, Baltimore, Maryland, notification of
intent to engage in die novo activities (making installment loans to individuals for personal, family or household purposes; purchasing sales finance contracts executed in connection with the sale of personal, family or
household goods or services; acting as agent in the sale
of credit life and credit accident and health insurance
directly related to its extensions of credit; and acting
as agent in the sale of insurance protecting collateral
held against its extensions of credit) at 127 Park
Avenue, N.W., Aiken, South Carolina, through its subsidiary, Landmark Financial Services, Inc. (9/21/78) 3/
Central Bancorp, Inc., Miami, Florida, notification of
intent to engage in de novo activities (placing credit
life and accident and health insurance in connection
with extensions of credit granted by subsidiary banks)
at 1313 N.W. 36 Street, Miami, Florida, through a subsidiary, Central Agency, Inc. (9/18/78) 3/
3/

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




.2, 1978 No. 38

— 13 —
APPLICATIONS RECEIVED-Continued

West Georgia Financial Corporation, Tallapoosa, Georgia,
for approval to engage in acting as insurance agent or
broker for the sale of credit life and accident and
health insurance that is directly related to the extension of credit by a bank or bank related firm, such
activities will be conducted in Tallapoosa, Georgia.
Peoples Bankshares, Inc., Mora, Minnesota, notification of
intent to engage in de novo activities (making loans to
individuals, partnerships and corporations for the purpose of financing farm personal property, real estate
and contracts for deeds) at 45 North Union, Mora, Minnesota,
through their subsidiary, Peoples Credit Company of
Mora, Minnesota, Inc. (9/15/78) 3/
Midland Capital Co., Oklahoma City, Oklahoma, notification
of intent to relocate de novo activities (mortgage banking, including origination and servicing of all types of
residential and commercial mortgage loans) from 2480 W.
26th Avenue to a new office located at 7059 E. West
Alameda, Denver, Colorado, through its subsidiary,
Midland Mortgage Co. (9/20/78) 3/
Oklahoma National Banshares, Inc., Oklahoma City, Oklahoma,
for approval to engage in the activity of offering
credit life insurance and credit accident and health
insurance in connection with extensions of credit by its
subsidiary bank, Oklahoma National Bank and Trust Company,
Oklahoma City, Oklahoma, by acquiring the beneficial
interest in Myriad Company, Oklahoma City, Oklahoma, a
proposed business trust which will own shares of Myriad
Insurance Agency, Inc., Oklahoma City, Oklahoma.
Commercial Security Bancorporation, Ogden, Utah, notification of intent to engage in de novo activities (to act
as a lender in making or acquiring of consumer loans;
CSB Leasing, Inc. has entered into an agreement with
State Farm International Services, Inc. whereby local
State Farm Insurance agents will assist in the arranging
and developing of loans for the subsidiary; CSB Leasing,
Inc. is acting as a regulated lender as provided for
under the provisions of the Utah Uniform Consumer Credit
Code) at 1065 North Highway 89, North Salt Lake City;
858 East 9400 South, Sandy; 136 South Main Street,
Helper; 609 East Main Street, Price; 305 North Broadway,
Green River; and 245 State Highway, Wendover, all in Utah,
through its subsidiary, CSB Leasing, Inc. (9/15/78) 3/
17

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




H.2, 1978 No. 38

14 APPLICATIONS RECEIVED-Continued

Seilon, Inc., Toledo, Ohio, notification of intent to
engage in de novo activities (leasing personal property
and equipment or acting as agent, broker or adviser in
leasing such property where at the inception of the
initial lease the effect of the transaction (and, with
respect to governmental entities only, reasonably anticipated future transactions) will yield a return that
will compensate the lessor for not less than the lessor's
full investment in the property plus the estimated total
cost of financing the property over the term of the
lease as is authorized by the Federal Reserve Board
under Regulation Y and the Bank Holding Company Act) at
6001 Marble N.E., Albuquerque, New Mexico, through its
subsidiary, Bancorporation Leasing (9/14/78) 3/
Wells Fargo & Company, San Francisco, California, notification of intent to engage in de novo activities (making
or acquiring, loans and other extensions of credit
including commercial loans secured by a borrower's
inventory, accounts receivable or other assets; servicing loans for the account of others; and making full
pay-out leases of personal property to the extent permitted
by section 225.4(a)(6)(a) of Regulation Y of the Federal
Reserve Board) at 4100 McEwen Road, Dallas, Texas,
through its subsidiary, Wells Fargo Business Credit
(9/19/78) 3/
Wells Fargo & Company, San Francisco, California, notification of intent to engage in dte novo activities (making
or acquiring loans and other extensions of credit,
including acquiring consumer installment loans originated
by others and making or acquiring commercial loans
secured by a borrower's or a guarantor's assets; servicing
loans for the account of others; making full pay-out
leases of personal property to the extent permitted by
Section 225.4(a)(6)(a) of Regulation Y of the Federal
Reserve Board; and acting as agent for the credit life
or accident and health insurance related to its extensions
of credit, such services will be offered in the Phoenix,
Arizona, metropolitan area to the following types of
accounts: finance companies, banks, and other lending
institutions; manufacturers, distributors, and other
corporations or businesses, and individuals) at 6900
East Camelback Road, Scottsdale, Arizona, 3101 West
Peoria Avenue, Phoenix, Arizona and 4520 North Central
Avenue, Phoenix, Arizona, through its subsidiary, Wells
Fargo Credit Corporation (9/13/78) 3/
3/

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




i
H.2, 1978 No. 38




15 REPORTS RECEIVED

Registration Statement filed Pursuant to Section 12(g)
of the Securities Exchange Act
The Bristol Bank, Bristol, New Hampshire (Amendment //l) .
The City Bank Company, Lorain, Ohio (Amendment #1).
* * * * *

Current Report filed Pursuant to Section 13 of the
Securities Exchange Act
The Savings & Trust Company of Pennsylvania, Indiana,
Pennsylvania.
* * * * *

PETITIONS FOR RULEMAKING
None.