h2_19801004.pdf

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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1980 No. 40) Actions of the Board; Applications and Reports Received During the Wedc Ending October 4, 1980 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Regulation K, International Banking Operations, the Board issued final regulations implementing provisions of the International Banking Act that limit the interstate bank- ing activities of foreign banks in the United States; the regulations become effective October 2, 1980. (Docket No. 0258) Regulation E, technical amendments, effective October 3, 1980, to implement the Electronic Fund Transfer Act; and a pro- posed amendment to be Issued for public comment; the Board requested comment on i t s proposal by November 5, 1980. Over-the-counter stocks, revised list published. Chicago Antioch Bancshares, Inc., Antloch, Illinois, extension of time to December 22, 1980, within which to become a bank holding company through the acquisition of 100 percent of t h e voting shares of the successor by merger to The First National Bank of Antioch, Antioch, Illinois. 1J Atlanta Creditbank Shares, Inc., Hollywood, Florida, extension of time to January 3, 1981, within which to become a bank holding company by acquiring shares of Creditbank, Miami, Florida. V Kansas City Equitable Bankshares of Colorado, Inc., Denver, Colorado, ex- tension of time to February 7, 1981, within which to con- summate the acquisftion of The Women's Bank, N.A., Denver, Colorado. 1/ Dallas Extra Co., Temple, Texas, extension of time to December 31, 1980, within which to consummate the acquisition of First National Bank of Temple, Temple, Texas. 1/ 1/ Application processed on behalf of the Board of Governors under delegated authority. i Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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Page 1: h2_19801004.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1980 No. 40)

Act ions of t h e Board; A p p l i c a t i o n s and Repor t s

Received During t h e Wedc Ending October 4 , 1980 APPLICABLE

RESERVE BANK 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 sued 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 the i n t e r s t a t e bank-ing a c t i v i t i e s of f o r e i g n banks in the United S t a t e s ; the 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)

Regu la t i on 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 he E l e c t r o n i c Fund T r a n s f e r Act; and a pro-posed amendment to be Issued f o r p u b l i c comment; t he Board r eques t ed comment on i t s proposa l by November 5, 1980.

O v e r - t h e - c o u n t e r s t o c k s , r e v i s e d l i s t p u b l i s h e d .

Chicago Ant ioch Bancshares , I n c . , Ant loch , I l l i n o i s , ex tens ion of t ime to December 22, 1980, w i t h i n which to become a bank holding company through the a c q u i s i t i o n of 100 percent of t h e v o t i n g sha re s of the succes so r by merger to The F i r s t Nat iona l Bank of Ant ioch , Ant ioch , I l l i n o i s . 1J

A t l a n t a Credi tbank Sha re s , I n c . , Hollywood, F l o r i d a , e x t e n s i o n of time to January 3 , 1981, w i t h i n which to become a bank holding company by a c q u i r i n g s h a r e s of Cred i tbank , Miami, F l o r i d a . V

Kansas Ci ty E q u i t a b l e Bankshares of Colorado, I n c . , Denver, Colorado, e x -t e n s i o n of t ime to February 7 , 1981, w i t h i n which to con-summate the a c q u i s f t i o n of The Women's Bank, N.A. , Denver, Colorado . 1/

D a l l a s Ex t r a Co. , Temple, Texas , e x t e n s i o n of time to December 31 , 1980, w i t h i n which to consummate the a c q u i s i t i o n of F i r s t Na t iona l Bank of Temple, Temple, Texas . 1/

1 / A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .

i Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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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 ho ld ing company through the a c q u i s i t i o n of 100 pe rcen t of the v o t i n g s h a r e s of The Nat iona l Bank of Bloomington, Bloomington, I l l i n o i s . 1 /

D a l l a s F i r s t Duncanvi l le Corpora t ion , Duncanv i l l e , Texas , e x t e n s i o n of t ime to December 30, 1980, w i t h i n which to a cqu i r e F i r s t Na t iona l Bank of Duncanv i l l e , Duncanv i l l e , Texas . 1/

Minneapol is F i r s t Na t iona l Corpora t ion in 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 Na t iona l Bank i n Ontonagon, Ontonagon, Michigan. 1/

San F ranc i sco

Kansas Ci ty

F i r s t Secu r i t y C o r p o r a t i o n , S a l t Lake C i t y , Utah, e x t e n s i o n of time to January 29, 1981, w i t h i n which to acqu 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 pro-posed new bank. If

Firs tBank Holding Company, Lakewood, Colorado, e x t e n s i o n of t ime to January 12, 1981, w i t h i n which to open the fo l lowing banks: F i r s tBank of Governor ' s Ranch, N.A. , Denver, Colorado and F i r s tBank of V i l l a I t a l i a , N.A., Lakewood, Colorado, a proposed new bank. 1/

Boston I n d u s t r i a l Na t iona l Corpora t ion , P rov idence , Rhode I s l a n d , a two-year ex t ens ion of time w i t h i n which to d ispose 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 ex t ens ion of t ime w i t h i n which to acqu i re C i t i z e n s Nat iona 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 ty Mountain Banks, L t d . , Denver, Colorado, ex tens ion of time to January 21, 1981, w i th in 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 , Colorado. 1/

Kansas Ci ty 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 to January 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 , Colorado. 1/

I f A p p l i c a t i o n processed by on behalf of the Board of Governors under de lega ted a u t h o r i t y .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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H.2, 1980 No. 40 - 3 -

ACTIONS OF THE BOARD-Continued

Boston P a t r i o t Banco rpo ra t i on , Boston, Massachuse t t s , e x t e n s i o n of t ime to January 2 , 1981, t o form a bank holding company through the a c q u i s i t i o n of Harbor Na t iona l Bank of Boston, Boston, Massachuse t t s and Brookl ine T r u s t Company, Brook l ine , Massachuse t t s . JL/

Cleveland Peoples Bancorp I n c . , M a r i e t t a , Ohio, e x t e n s i o n of time to December 26, 1980, w i t h i n which to acqu 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 , Ohio . 1 /

S t . Louis Union of Arkansas C o r p o r a t i o n , L i t t l e Rock, Arkansas , ex ten -s i o n of t ime to January 12, 1981, w i t h i n which to become a bank hold ing company through t h e a c q u i s i t i o n of t h e Union Na t iona l Bank of L i t t l e Rock, L i t t l e Rock, Arkansas . V

Richmond Wachovia Corpo ra t i on , Winston-Salem, North C a r o l i n a , a two-yea 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 in r e a l e s t a t e i n d i r e c t l y he ld i n a j o i n t ven ture 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/

Da l l a s West Side Bancshares , I n c . , San Angelo, Texas , e x t e n s i o n of t ime to December 1, 1980, w i t h i n which to consummate the a c q u i s i t i o n of West Side Nat iona l Bank of San Angelo, San Angelo, Texas . 17

Cleveland Bank of Corning , Corning, Ohio, t o i n v e s t In bank p remises . V

Richmond C e n t r a l F i d e l i t y Bank, Norfo lk , V i r g i n i a , to i n v e s t in bank p r e m i s e s . J L /

Chicago C i t i z e n s Bank and Trus t Company, Park Ridge , I l l i n o i s , t o i n v e s t i n bank p remises . J L /

Richmond Northern 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 remises . V

Cleveland S t . Henry Bank, S a i n t Henry, Ohio, t o i n v e s t in bank premises . JL/

San United C a l i f o r n i a Bank, Los Angeles , C a l i f o r n i a , ex tens ion of F r a n c i s c o t ime to Apr i l 24, 1981, w i th in which to e s t a b l i s h a branch

in t h e v i c i n i t y of the i n t e r s e c t i o n of Greenleaf Avenue and Penn S t r e e t (a motor banking f a c i l i t y to suppor t the ope ra t i ons 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 processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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H.2, 1980 No. 40 - 4

New York

New York

San F r a u d sco

D a l l a s

ACTIONS OF THE BOARD-Contlnued

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 ex tens ion of t ime w i t h i n which to d i v e s t of Pose idon P o o l s , I n c . 1/

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 54 th S t r e e t , New York, New York. JL/

D e r e g i s t r a t i o n under Regu la t ion G f o r 0 Bee Cred i t Union, Tumwater, Washington. V

D e r e g i s t r a t i o n under Regu la t ion G f o r the fo l l owing : Randolph-Brooks F e d e r a l C r e d i t Union, Universa 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 roduc t ion Cred i t A s s o c i a t i o n , Roswel l , New Mexico. 1/

Chicago

San F r a n c i s c o

P h i l a d e l p h i a

Chicago

Aurora Na t iona l Bank, Aurora , I l l i n o i s , p roposa l to merge w i t h C i t i z e n s Na t iona l Bank of Aurora , I l l i n o i s , under the c h a r t e r

• and t i t l e of Aurora Na t iona l Bank, Aurora , I l l i n o i s ; r e p o r t to t he Comptrol ler of t h e Currency on compe t i t i ve f a c t o r s . J L /

Bank of Olympia, Olympia, Washington, proposed merger w i t h Puget Sound Na t iona l Bank, Tacoma, Washington; r e p o r t to t h e Comptro l le r of the Currency on compe t i t ive f a c t o r s . V

Bur l ing ton County Na t iona l Bank, Medford, New J e r s e y , proposed merger w i t h Guarantee Bank, A t l a n t i c C i t y , New J e r s e y , under the c h a r t e r and t i t l e of Guarantee Bank; r e p o r t to the Fede ra l Depos i t Insu rance Corpora t ion on compet i t ive f a c t o r s . 1/

CG Bank, Cary , 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 , under the c h a r t e r and t i t l e of Suburban Bank of Cary-Grove, Cary , I l l i n o i s ; r e p o r t to t h e Fede ra l Depos i t Insurance Corpora t ion on compet i t ive f a c t o r s . 1/

D a l l a s

Richmond

C i t i z e n s Bank, R icha rdson , Texas , p roposa l to merge w i t h New C i t i z e n s Bank, R ichardson , Texas; r e p o r t to the Fede ra l Deposi t Insurance Corpora t ion on compet i t ive f a c t o r s . V

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 Na t iona l Bank, Chevy Chase, Maryland; r e p o r t to t h e F e d e r a l Deposi t Insurance Corpora t ion on compe t i t ive f a c t o r s . V

1 / A p p l i c a t i o n processed on behal f of the Board of Governors under de lega ted a u t h o r i t y .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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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, Arkansas , p ro -posa l to merge with Third Na t iona l Bank of For t Smith, Arkansas; r e p o r t to the Comptrol ler 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 Na t iona l Bank of Des P l a i n e s , I l l i n o i s , p roposa l to merge with P r a i r i e Lee Na t iona 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 Na t iona 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 the Comptrol ler of the Currency on compe t i t i ve f a c t o r s . JL/

A t l a n t a F i r s t Na t iona 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 Na t iona l Bank of Bradenton , Bradenton, F l o r i d a , and Na t iona 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 Comptro l le r of the Currency on compet-i t i v e f a c t o r s • 1J

P h i l a d e l p h i a F i r s t Na t iona l Bank of Honey Brook, Honey Brook, Pennsy lvan ia , 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 Pennsy lvan ia , Reading, Pennsylvania ; r e p o r t to the F e d e r a l Deposi t In su rance Corpora t ion on compe t i t i ve f a c t o r s . 1/

A t l a n t a F i r s t Na t iona l Bank of McDonough, McDonough, Georg ia , proposed merger wi th F i r s t Na t iona l I n t e r i m Bank of McDonough, McDonough, Georgia ; r e p o r t to the Comptro l le r of the Currency on compet-i t i v e f a c t o r s . 1/

P h i l a d e l p h i a F i r s t Na t iona l Bank of Moncanaqua, Mocanaqua, Pennsy lvan ia , p ro -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 Pennsy lvan ia , Mount Pocono, Pennsylvania ; r e p o r t to t h e F e d e r a l Deposi t Insu rance Corpora t ion on compet-i t i v e f a c t o r s . 1 /

Chicago Na t iona l Bank of Bloomington, Bloomington, I l l i n o i s , p roposa l to merge wi th 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 Nat iona l Bank of Bloomington, Bloomington, I l l i n o i s ; r e p o r t to t he Comptrol ler of t h e Currency on compe t i t i ve f a c t o r s . J L /

San Nor thshore F i r s t Na t iona l Bank, B o t h e l l , Washington, proposed F r a n c i s c o merger w i t h P a c i f i c Na t iona l Bank of Washington, S e a t t l e ,

Washington; r e p o r t to t he Comptrol ler of the Currency on compe t i t i ve f a c t o r s . 1 /

1 / A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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H.2, 1980 No. 40 - 6

ACTIONS OF THE BOARD-Continued

A t l a n t a Peach t r ee Bank and T r u s t Company, Chamblee, Georgia , proposed merger with Peach t ree I n t e r i m Company, I n c . , Chamblee, Georgia; r e p o r t to the Federa l Deposi t Insurance Corpora t ion on compet-i t i v e f a c t o r s . I /

San Pen insu l a S t a t e Bank, Gig Harbor , Washington, proposed merger F r a n c i s c o wi th Puget Sound Na t iona l Bank, Tacoma, Washington; r e p o r t

to the Comptrol le r of the Currency on compe t i t ive f a c t o r s . 1/

San R a i n i e r Na t ion l Bank, S e a t t l e , Washington, 145th and 15th N.E. F ranc i sco Branch, proposed merger with Old Na t iona l Bank of Washington,

Spokane; r e p o r t to the Comptro l le r of the Currency on compet-i t i v e f a c t o r s . 1/

Chicago Republ ic Bank of Edgewood, Coun t rys ide , I l l i n o i s , proposed merger wi th Edgewood Bank, Coun t rys ide , 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, Coun t rys ide , 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 Deposi t Insurance Corpora t ion on compet-i t i v e f a c t o r s . 1 /

A t l a n t a Ta l ladega Na t iona l Bank, T a l l a d e g a , Alabama, proposed merger wi th F i r s t Alabama Bank of Ta l l adega County, N.A. , Ta l l adega , Alabama; r e p o r t to the Comptrol le r of the Currency on compet-i t i v e f a c t o r s . 1/

Boston

Da l l a s

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 , Connec t icu 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, Connnec t icu t ; r e p o r t to the Federa l Depos i t Insurance Corpora-t i o n on c o m p e t i t i v e f a c t o r s . If

West Side Na t iona l Bank of San Angelo, San Angelo, Texas , p r o -posa l t o merge with New West Side Na t iona l Bank of San Angelo, San Angelo, Texas; r e p o r t to the Comptro l le 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 behal f of the Board of Governors under de lega ted a u t h o r i t y .

l

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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H.2, 1980 No. 40 — 7 —

ACTIONS OF THE BOARD-Continued

To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 of the F e d e r a l Reserve Act

Approved A t l a n t a The Bank of New Orleans and T r u s t Company, New Or l eans ,

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 Drive between the i n t e r s e c t i o n s of Garden Oaks Drive and the 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 /

Chicago 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 Nor th-wes te rn B e l l Telephone Company, 604 9th S t r e e t , Des Moines, Iowa. 17 & 2 /

* * * * *

To Merge Pursuant to Sec t ion 18(c) of t h e F e d e r a l Deposi t I n s u r a n c e Act

Approved Chicago S e c u r i t y Savings Bank, Marsha l l town, Iowa, to merge wi th

S t a t e Bank, Gladbrook, Iowa. 1 / & 2 /

Cleveland AmeriTrust Company, C leve land , Ohio, t o merge AmeriTrust Company of Por t age County, Kent , 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, Ohio . 1/& 2J

* * * * *

To Become a Member of the Federa l Reserve System Pursuan t t o S e c t i o n 9 of the F e d e r a l Reserve Act

Approved San P a c i f i c H e r i t a g e Bank, Tor rance , C a l i f o r n i a . 1/ & 7J F r a n c i s c o

1 7 A p p l i c a t i o n processed on behal f of the Board of Governors under de lega ted a u t h o r i t y .

2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community Reinvestment O f f i c e r of t he 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 .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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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 Act ions Pursuant to S e c t i o n s 25 and 25(a) of the Fede ra l Reserve Act and Sec t ions 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company Act of 1956, as amended

S i x t y Day N o t i f i c a t i o n Per iod Allowed to Exp i re San 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 -F r a n c i s c o t i o n to an a d d i t i o n a l inves tment 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 imi t ed , O n t a r i o , Canada.

* * * * *

To Form a Bank Holding Company Pursuant to Sec t ion 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956

Withdrawn A t l a n t a F i r s t S t a t e Bancsha res , I n c . , Va ldos t a , Georg ia , f o r approval

to a c q u i r e 75.89 p e r c e n t of the v o t i n g s h a r e s of Farmers and Merchants Bank, Adel , Georg ia . 1/ & 2/

D a l l a s Greenspoint Bancshares , I n c . , Houston, Texas , f o r approval to a c q u i r e 100 percent ( 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 Greenspoint Bank, Houston, Texas . 1/ & 2/

Approved Boston S e c u r i t y Bancorp, I n c . , Hampton, New Hampshire, f o r approval

to a c q u i r e 100 pe rcen 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 the successor by merger to Hampton N a t i o n a l Bank, Hampton, New Hampshire. 37 & 2 /

C leve land . 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 , Pennsy lvan ia , f o r approval to a c q u i r e 80 pe r cen t o r more of the vo t ing s h a r e s of C i t i z e n s Na t iona l Bank of Evans C i t y , Evans C i t y , Pennsy lvan i a . 2J

A t l a n t a Atkinson County Banksjiares C o r p o r a t i o n , Wil lacoochee , Georg ia , f o r approva 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 Peoples Bank, Wi l lacoochee , Georg i a . JL/ & 27

l 7 A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .

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 con t ac t ed

as to the l e n g t h of the comment p e r i o d .

I Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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ACTIONS OF THE BOARD-Continued

A t l a n t a Catoosa Bancshares , I n c . , For t Ogle thorpe , Georg ia , f o r ap-p rova l to a c q u i r e a t l e a s t 85 percent of t h e v o t i n g s h a r e s of F o r t Ogle thorpe S t a t e Bank, For t Og le thorpe , Georg ia . 1/ & 2/

A t l a n t a

A t l a n t a

A t l a n t a

Chicago

Gumming Bancshares , I n c . , Gumming, Georg ia , f o r approval to a cqu i r e 100 percent of t h e v o t i n g s h a r e s of Bank of Gumming, Gumming, Georg ia . V & 2 /

F i r s t Englewood Bank C o r p . , Englewood, F l o r i d a , fo r approval 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 /

F i r s t S t a t e Bancshares , I n c . , Va ldos t a , Georg ia , f o r approval to a cqu i r e 100 percent 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 , Georg i a . 1/ & 2 /

Elmwood F i n a n c i a l C o r p o r a t i o n , Racine , Wisconsin , fo r approval to a c q u i r e 80 pe rcen t of the vo t i ng s h a r e s of Bank of Elmwood, Racine , Wiscons in . 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 approval to a cqu i r e 95 .5 percen t of t h e v o t i n g s h a r e s of F i r s t Na t iona 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 approval to a c q u i r e 80 pe rcen 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 . , Carbondale , I l l i n o i s , f o r approval to a c q u i r e 88 .28 percent 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 Bancsha res , 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 , fo r approval to a c q u i r e 80 pe rcen 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 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 , Missour i and West Side Na t iona l Bank, Glenda le , M i s s o u r i . J L / & 2 /

Minneapol i s Hunter Holding Company, Hun te r , North Dakota, fo r approva l t o a c q u i r e 100 pe rcen 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 Hun te r , Hunte r , North Dakota . 1 / & 2 /

l 7 A p p l i c a t i o n processed on behal f of the Board of Governors under de lega ted a u t h o r i t y .

2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con t ac t ed a s to the l eng th of the comment p e r i o d .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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H.2, 1980 No. 40

Kansas Ci ty

Da l l a s

D a l l a s

D a l l a s

Da l l a s

San F r a n c i s c o

— 1 0 —

ACTIONS OF THE BOARD-Continued

Douglas B a n c o r p o r a t i o n , I n c . , P a r k e r , Colorado, f o r approval to a cqu i r e a t l e a s t 80 percent 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 , Colorado. 1/& 2 /

Cen-Tex Bancsha res , I n c . , Georgetown, Texas , fo r approva l t o a c q u i r e a t l e a s t 80 pe rcen t of the vo t i ng s h a r e s of The F i r s t Na t iona l Bank of Georgetown, Georgetown, Texas . V & 2J

Houston American F i n a n c i a l Co rpo ra t i on , Houston, Texas , f o r approva l to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of American Bank, Houston, Texas . If & 2 /

Montwood Bancsha res , I n c . , E l Paso , Texas , f o r approval t o a c q u i r e 80 pe rcen t of the v o t i n g s h a r e s of Montwood Na t iona l Bank, El Paso , Texas . 1/ & 2 /

Orange Bancshares , I n c . , Orange, Texas , f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of Orange Bank, Orange, Texas . V & 2 /

Northwest Bancshares , I n c . , Vancouver, Washington, fo r a p -prova l to a c q u i r e 80.06 p e r c e n t of the vo t ing s h a r e s of Northwest Na t iona l Bank, Vancouver, Washington. V & 2/

* * * * *

To Expand a Bank Holding Company Pursuant to Sec t ion 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956

Approved Chicago F i r s t Co lon i a l Bankshares Corpo ra t i on , Chicago, I l l i n o i s ,

f o r approval to a c q u i r e 10.67 pe r cen t of the vo t ing s h a r e s of Northwest Commerce Bank, Rosemont, I l l i n o i s . JL/ & 2 /

Chicago The Marine C o r p o r a t i o n , Milwaukee, Wisconsin , f o r approval to a c q u i r e 100 percent of t h e v o t i n g sha re 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 succes so r by merger to F i r s t Na t iona l Bank and T r u s t Company of Rac ine , Racine , Wiscons in . 2 /

1/ A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .

2/ A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con t ac t ed as to the l e n g t h of the comment p e r i o d .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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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 approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of Bank of Menasha, Menasha, Wisconsin. V & 2 /

Da l l a s F i r s t I n t e r n a t i o n a l Bancshares , I n c . , D a l l a s , Texas , fo r ap-prova l to a c q u i r e 100 pe rcen t of the vo t ing 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 /

Da l l a s Southwest Bancshares , I n c . , Houston, Texas, fo r approva l t o a c q u i r e 100 pe rcen t of the v o t i n g sha re 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, Texas, a proposed new bank. 2 /

* * * * *

To Expand a Bank Holding Company Pursuant to Sec t ion 4 ( c ) ( 8 ) of the Bank Holding Company Act of 1956

Withdrawn Minneapol is B a r n e s v i l l e Investment Corpo ra t i on , B a r n e s v i l l e , Minnesota ,

f o r approval to cont inue to engage in g e n e r a l insurance a c t i v i t i e s In a community wi th l e s s than 5,000 p o p u l a t i o n . 1/

San Western Bancorporat i on , Los Angeles , C a l i f o r n i a , f o r approval F ranc i sco 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 su rance a c t i v -

i t i e s through Western Bancorp Insu rance Company, Los Angeles , C a l i f o r n i a .

Approved Boston H e r i t a g e Banks, I n c . , R o c h e s t e r , New Hampshire, fo r approval

to engage de novo in guaran ty sav ings bank a c t i v i t i e s i n c l u d -ing the acceptance of time and sav ings d e p o s i t s ; t he ex tens ion of consumer, r e a l e s t a t e mor tgage , 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 the S t a t e of New Hampshire through i t s d i r e c t wholly-owned sub-s i d i a r y , Roches ter Savings Bank and Trus t Company, Roches te r , New Hampshire.

T 7 A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .

2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con t ac t ed as to the l e n g t h of the comment p e r i o d .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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ACTIONS OF THE BOARD-Contlnued

New York Barc lays Bank Limited and Barclays Bank I n t e r n a t i o n a l L imi ted , both of London, England, fo r approval to acqu i re the 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 , Barc lays American C o r p o r a t i o n .

Richmond Maryland Na t iona l Corpora t ion , Ba l t imore , Maryland, f o r ap -p r o v a l t o expand the r e i n s u r a n c e unde rwr i t i ng a c t i v i t i e s of i t s s u b s i d i a r y , Mid -At l an t i c L i f e In su rance Company, to i nc lude c r e d i t l i f e and c r e d i t a cc iden t and h e a l t h p o l i c i e s so ld 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 the ho ld ing 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 V i r g i n i a . J L /

Chicago Ackley B a n c o r p o r a t i o n , Ackley, Iowa, f o r approval t o r e t a i n Ackley In su rance Agency, Ackley, Iowa, a gene ra l i n s u r a n c e agency i n a town w i t h l e s s than 5 ,000 p o p u l a t i o n . 1 /

Chicago F i r s t Wyanet Inves tment Corpo ra t i on , Galesburg , I l l i n o i s , f o r approva l t o r e t a i n 50 pe r cen t of Skaggs-Olds Insurance Agency, Wyanet, I l l i n o i s and E.W. Will iams Agency, Wyanet, I l l i n o i s and t o con t inue to engage in gene ra l i n su rance a c t i v i t i e s i n a town wi th l e s s than 5,000 p o p u l a t i o n . JL/

Chicago Kupka ' s , I n c . * T r a e r , Iowa, f o r approval to r e t a i n F i r s t I n -surance Agency, T r a e r , Iowa, and to con t inue to engage i n gene ra l i n su rance a c t i v i t i e s in 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

Minneapol is Insurance by S t r eh low, I n c . , C a s s e l t o n , North Dakota, f o r ap-p rova l to c o n t i n u e to s e l l i n su rance as a gene ra l i n su rance agent in the town of C a s s e l t o n , North Dakota, a community wi th l e s s t han 5,000 p o p u l a t i o n . JL/

Minneapol is 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 approva l to con t inue to s e l l c e r t a i n types of i n s u r a n c e i n a community wi th l e s s than 5 ,000 p o p u l a t i o n . 1]

Kansas C i t y Barnes Inves tment Corpo ra t i on , Barnes , Kansas, fo r approval to r e t a i n the a s s e t s of Barnes Insurance Agency, Barnes , Kansas and t h e r e f o r e engage in g e n e r a l i n su rance agency a c t i v i t i e s i n a community of l e s s than 5 ,000 p o p u l a t i o n . 1/

Kansas Ci ty F i r s t of He r ing ton , I n c . , H e r i n g t o n , Kansas, f o r approval to r e t a i n g e n e r a l i n su rance agency a c t i v i t i e s in a community of l e s s than 5 ,000 p o p u l a t i o n . 1/

JL/ A p p l i c a t i o n processed on behalf of the Board of Governors under de legated a u t h o r i t y .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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H.2 , 1980 No. 40 - 1 3 -

ACTIONS OF THE BOARD-Continned

San R a i n i e r Bancorpora t ion , S e a t t l e , Washington, f o r approval F r anc i s co to acqu i r e 100 percent of t h e v o t i n g s h a r e s of Roger

R. Pos 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 banking, i n c l u d i n g the 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 the 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 New York 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 conduct ing 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 ex t ens ions of c r e d i t secured by mobile homes, mobile home i n v e n t o r i e s , and /or t he f i n a n c i n g of l and-mobile home packages; the new a c t i v i t y to be conducted i s the 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 su rance 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 wi th C i t i c o r p Homeowners, I n c . and to the ex ten t pe 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 insurance laws and r e g u l a -t i o n s ) a t 4 Permi te r Center E a s t , N . E . , S u i t e 530, A t l a n t a , Georgia; Osborne O f f i c e C e n t e r , S u i t e 520, Chat tanooga, Tennessee ; 810 Dutch Square Boulevard , S u i t e 375, Columbia, South C a r o l i n a ; 9247 North Mer id ian S t r e e t , S u i t e 225, I n d i a n a p o l i s , Ind iana ; 4400 Breck in r idge Lane, 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 LaSa 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 ton-Salem, Nor th 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 /10 /80) 3 /

New York The Hongkong and Shanghai Banking Corpo ra t i on , Hong Kong, no-t i f i c a t i o n of i n t e n t to engage in 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 throughout 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 , data p rocess ing , medical communication and o t h e r types of equipment in accordance w i th R e g u l a t i o n Y and p rov id ing adv i so ry , management and brokerage 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 sub-s i d i a r y , U.S. Concord, I n c . ( 1 0 / 3 / 8 0 ) 3 /

S t . L o u i s TG Bancshares C o . , S t . Louis , 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 in de novo a c t i v i t i e s (p rov id ing p o r t f o l i o i n v e s t -ment advice 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 lans 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 , genera l bus iness c o r p o r a -

17 A p p l i c a t i o n processed on behal f of the Board of Governors under de lega ted a u t h o r i t y .

3 / 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .

1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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ACTIONS OF THE BOARD-Continued

New York

New York

New York

Richmond

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 Boulevard , S t . Louis , 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 Se rv -i c e s , I n c . ( 1 0 / 2 / 8 0 ) 3 /

B a r c l a y s Bank Limi ted and B a r c l a y s Bank I n t e r n a t i o n a l L imi t ed , bo th of London, England, 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 loans and purchas ing 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 or acquired by a consumer f i -nance company, and wholesa le f i n a n c i n g ( f l o o r p l ann ing ) and ( i i ) a c t i n g as agent f o r the 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 roper ty 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 to 6706 P a p e r m i l l Road, K n o x v i l l e , Tennessee , through t h e i r s u b s i d -i d a r y , Ba rc l aysAmer i can /F inanc i a l , I n c . ; from 800 South Cumberland S t r e e t , Morris town, Tennessee to 1751 West Morr i s Boulevard, Morr is town, Tennessee , through t h e i r s u b s i d i a r y , Barc laysAmer ican /Cred i t , I n c . ; and from 800 South Cumberland S t r e e t , Morr is town, Tennessee to 1751 West Morr i s Boulevard, Morris town, Tennessee , through t h e i r s u b s i d i a r y , Ba rc l ays -American / F i n a n c i a l , I n c . ( 10 /2 /80 ) 3 /

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 investment 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 investment 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 , through i t s s u b s i d i a r y , Chemical Investment Adv i se r s , I n c . ( 9 /29 /80 ) 3 /

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 in 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 inves tment 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 Al len Cen te r , Houston, Texas , through i t s s u b s i d i a r y , Gulf Investment Management, I n c . (10 /1 /80 ) 3/

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 ex tens ions 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 , acc iden t and h e a l t h i n s u r -ance and o t h e r in su rance 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 dur ing

Pe rmi t t ed

57 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of t h e Board of Governors under de l ega ted a u t h o r i t y .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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ACTIONS OF THE BOARD-Continued

the per iod 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 Mal l , Routes 61 and 81, F r a c k v i l l e , Pennsy lvan ia , through i t s s u b s i d i a r y , General Finance Serv ice Corpora t ion ( 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 Co rpo ra t i on , 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 in 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 the account of o t h e r s , secured and unsecured loans and o t h e r ex tens ions of c r e d i t and s e r v i c i n g such loans and o ther 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 , through 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 Corpora t ion (9 /29 /80) 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 rov id ing p o r t f o l i o investment advice to o the r persons p r i m a r i l y fo r investment of funds i n r e a l p rope r ty 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 , Missour i ; Kansas C i t y , M i s s o u r i ; A t l a n t a , Georgia; and Wauwatosa, Wiscons in , through i t s s u b s i d i a r y , Republ ic Rea l ty Mortgage Corpora t ion (10 /3 /80) 3 /

Kansas Ci ty Kansas Ci ty Bancshares , I n c . , Kansas C i t y , Mis sou r i , n o t i f i c a -t i o n of i n t e n t to engage in 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 18 th and Main, Kansas C i t y , Mis sou 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 /29 /80 ) 3 /

D a l l a s Republic of Texas C o r p o r a t i o n , D a l l a s , Texas , 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 in t he 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 com-pany 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 au tho r i zed by F e d e r a l law and the laws of the S t a t e of Texas) a t One D a l l a s Cen te r , 350 North S t . Pau l , D a l l a s , Texas , through i t s s u b s i d i a r y , Republ ic of Texas T rus t Company (10 /3 /80 ) 3 /

San Secu r i t y P a c i f i c Corpo ra t i on , Los Angeles , C a l i f o r n i a , n o t i -F ranc i s co f i c a t i o n of i n t e n t to engage in de 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 the account of o t h e r s , loans 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 personal l oans , purchas ing 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 loans to smal l

57 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 J n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under de l ega ted a u t h o r i t y .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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h . 2 , 1980 No. 40 — 1 6 —

ACTIONS OF THE BOARD-Continued

b u s i n e s s e s and o t h e r ex tens ions 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 roke 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 cc iden t and h e a l t h i n su rance 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 Boulevard , 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 whol ly-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 F r a n c i s c o

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 end ing and loan s e r v i c i n g a c t i v i t i e s ) a t 7801 Bel leview Avenue, Englewood, Colorado, through i t s s u b s i d i a r y , Wells Fargo Ag C r e d i t ( 9 /22 /80 ) 3 /

5 7 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of t h e Board of Governors under de l ega t ed a u t h o r i t y .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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H.2, 1980 No. 40 - 1 7 -

APPLICATIONS RECEIVED

To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 of t he F e d e r a l Reserve 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 Acres M a l l , Town of Hempstead, Nassau County, New York. 2 /

P h i l a d e l p h i a Gi ra rd Bank, Bala Cynwyd, Pennsy lvan ia . 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 oca t ed a t the Nashaminy V a l l e y Carpe t Company, I n c o r p o r a t e d , 535 Andrews Road, T revose , P e n n s y l v a n i a . 2 /

Richmond Union Bank and T r u s t Company, Bowling Green, V i r g i n i a . Branch to be e s t a b l i s h e d a t 4540 L a f a y e t t e Boulevard , S p o t s y l v a n i a County, V i r g i n i a . 2 /

A t l a n t a 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 60th S t r e e t West, Bradenton, F l o r i d a . 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 au tomat ic 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 /

D a l l a s 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 Spr ing , New Mexico. 2 /

Da l l a s Mimbres V a l l e y Bank, Deming, New Mexico. To e s t a b l i s h a branch i n Deming, New Mexico. 2J

* * * * *

To Become a Member of the Fede ra l Reserve System Pursuant 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 Middlesex , Urbanna, V i r g i n i a .

D a l l a s Texas S t a t e Bank, McAllen, Texas• 2 /

2? A p p l i c a t i o n s u b j e c t Reinvetment O f f i c e r as to the l e n g t h of

to Community Reinvestment of t he a p p l i c a b l e Reserve the comment p e r i o d .

Ac t . The Community Bank may be con tac ted

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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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 Pursuan t to S e c t i o n 25 of the F e d e r a l Reserve 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 In 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 Corpora t ion Pursuant t o S e c t i o n 25(a ) of t h e F e d e r a l Reserve 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 consent to e s t a b l i s h branches i n Cleve land , D a l l a s , Minneapo 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 Organ ize , o r I n v e s t i n , a Corpora t ion Doing Fore ign Banking and Other Fore ign F inanc ing Pursuan t t o S e c t i o n 25 or 25 (a ) of the F e d e r a l Reserve Act

San Crocker Na t iona 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 F r a n c i s c o consent to change the 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 conver 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 imu l t aneous ly 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 Chicago ' 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 Pursuant to S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956

A t l a n t a Altamaha Bancshares , I n c . , Uvalda, Georg ia , fo r approva l t o a c q u i r e a t l e a s t 80 pe rcen 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, Georg ia . 2/

2J A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community Reinvestment O f f i c e r of t he a p p l i c a b l e Reserve Bank may be con t ac t ed as to the l e n g t h of the comment p e r i o d .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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ti.2. 1980 No. 40 - 19 -

APPLICATIONS RECEIVED-Continued

A t l a n t a F i r s t S t a t e F i n a n c i a l Co rpo ra t i on , G u l f p o r t , M i s s i s s i p p i , f o r approva l to acqu i r e a t l e a s t 80 percent of t h e vo t i ng 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/

A t l a n t a M. B. Group, I n c . , Marathon, F l o r i d a , f o r approval to acqu i r e a t l e a s t 82 pe rcen 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 /

A t l a n t a

A t l a n t a

P & C Bank Sha res , I n c . , Cami l l a , Georg ia , f o r approval t o a c q u i r e 53.73 percent 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, Cami l l a , Georg ia . 2 /

Southwest Georgia F i n a n c i a l Corpo ra t i on , M o u l t r i e , Georgia , f o r approval to a c q u i r e 100 p e r c e n t of the vo t i ng sha re s of Mou l t r i e Na t iona l Bank, M o u l t r i e , Georg ia . 2 /

Chicago Alikeny Inves tment Co . , Webster C i t y , Iowa, f o r approval to acqu i r e a t l e a s t 80 percent 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 loomf ie ld , Iowa, fo r approva l t o a c q u i r e a t l e a s t 80 pe rcen t of the v o t i n g s h a r e s of Davis County Savings Bank, B loomf ie ld , Iowa. 2 /

Chicago KENNEDY BANCSHARES, INC., B a n c r o f t , Iowa, f o r approval to a c q u i r e 88 percent of t h e v o t i n g s h a r e s of Farmers and Traders Savings Bank, B a n c r o f t , Iowa. 2 /

Chicago Mahaska Inves tment Company, Oskaloosa , Iowa, fo r approva l t o a c q u i r e 80 pe rcen t of the v o t i n g s h a r e s of The F i r s t Nat iona l Bank of Sumner, Sumner, Iowa. 2/

Chicago Moore F i n a n c i a l Co rpo ra t i on , Berwyn, I l l i n o i s , f o r approval to acqu i r e a t l e a s t 85.12 percent of t h e v o t i n g s h a r e s of Commercial Na t iona l Bank of Berwyn, Berwyn, I l l i n o i s . 2 /

Chicago S t r a t f o r d Inves tment Company, J e w e l l , Iowa, fo r approva l to a c q u i r e 80 pe r cen t o r more of the v o t i n g s h a r e s of The Farmers Savings 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 approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of the successor by merger to F i r s t Na t iona 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 Reinvestment Ac t . The Community Reinvestment O f f i c e r of the 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 eng thof the comment p e r i o d .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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APPLICATIONS RECEIVED-Continued

S t . Louis Owenton Bancorp, I n c . , Owenton, Kentucky, f o r approval to a c q u i r e 80 .0 pe rcen t of t h e v o t i n g s h a r e s of Peoples Bank & T r u s t Company, Owenton, Kentucky. 2 /

Minneapol i s F r e e p o r t Bancsha res , I n c . , F r e e p o r t , Minnesota , fo r approval to a c q u i r e 80 .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 , Minneso ta . 2 /

Minneapol i s Norwood Bancshares , I n c . , Norwood, Minnesota , f o r approval to a cqu i r e a t l e a s t 88 .9 percent 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, Minnesota . 2 /

Kansas C i ty Br idgepor t S t a t e Company, B r i d g e p o r t , Nebraska, fo r approval 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 Br idgepor t S t a t e Bank, B r i d g e p o r t , Nebraska . 2 /

Kansas Ci ty Columbus C o r p . , Columbus, Kansas, f o r approval t o a c q u i r e a t l e a s t 82 .5 percen t of t h e v o t i n g s h a r e s of The F i r s t Na t iona l Bank of Columbus, Columbus, Kansas . 2 /

Kansas C i ty Covington F i r s t S t a t e Bancshares , I n c . , Covington, Oklahoma, f o r approval to a c q u i r e 100 p e r c e n t of the vo t ing 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, Covington, Oklahoma. 2J

Kansas C i ty Farmers Bancsha res , I n c . , L inco ln , Kansas, fo r approval 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 Na t iona l Bank, L inco ln , Kansas . 2 /

Kansas C i ty F i r s t S t a t e Bancorpora t ion of Watonga, I n c . , Watonga, Oklahoma, f o r approva l to acqu i r e a t l e a s t 80 percent of t h e vo t ing sha re s of F i r s t S t a t e Bank, Watonga, Oklahoma. 2/

Kansas Ci ty F i r s t Western Banco rpo ra t i on , La J a r a , Colorado, for approval 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 vo t ing s h a r e s of The F i r s t Na t iona l Bank of La J a r a , La J a r a , Colorado. 2J

Kansas Ci ty Green Ci ty Bancshares , I n c . , Green C i t y , Mis sou r i , f o r approval to acqu i r e a t l e a d t 80 percent 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 Ci ty Jones Na t iona l C o r p o r a t i o n , Seward, Nebraska, fo r approva 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 Jones Nat iona l Bank and T r u s t Company of Seward, Seward, Nebraska. 2/

2 / A p p l i c a t i o n s u b j e c t to Community Reinvestment Ac t . The Community ~~ Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con tac t ed

as to the l e n g t h of the comment p e r i o d .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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APPLICATIONS RECEIVED-Continued

D a l l a s F.N.B. S t i n n e t t BancShares , I n c . , S t i n n e t t , Texas , f o r approval to acqu i re a t l e a s t 80 percent of t h e v o t i n g s h a r e s of F i r s t Na t iona l Bank of S t i n n e t t , S t i n n e t t , Texas . 2 /

* * * * *

Bos ton

To Expand a Bank Holding Company Pursuant to Sec t ion 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956

F i r s t Na t iona l Boston Corpo ra t i on , Boston, Massachuse t t s , f o r approva l to a c q u i r e 100 percent 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 , She lburne F a l l s , M a s s a c h u s e t t s . 2 /

Minneapol i s N o r t h s t a r Bancorpo ra t ion , I n c . , Wayzata, Minnesota , f o r ap-p rova l to a c q u i r e 98 .9 percent 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 , Minnesota . 2 /

D a l l a s El Paso N a t i o n a l C o r p o r a t i o n , El Paso , Texas , f o r approval to a c q u i r e 100 pe rcen t of the v o t i n g s h a r e s of Eas t El Paso N a t i o n a l Bank, E l Paso , Texas , a proposed new bank. 2/

* * * * *

To Expand a Bank Holding Company Pursuant to Sec t ion 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956

New York B a r c l a y s Bank Limited and Ba rc l ays Bank I n t e r n a t i o n a l L imi t ed , both of London, England, 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 purchas ing 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 ex t ens ions of c r e d i t such as would be made or acqui red by a consumer f i n a n c e company and wholesa le 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 the 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 roper ty i n s u r a n c e )

27 A p p l i c a t i o n s u b j e c t to Community Reinvestment Act . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be con t ac t ed as to the l e n g t h of the comment p e r i o d .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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H.2, 1980 No. 40 - 2 2 -

APPLICATIONS RECEIVED-Continued

from 302 Evans S t r e e t , G r e e n v i l l e , North Ca ro l ina to 703 Eas t G r e e n v i l l e Boulevard, 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 Ca ro l i na to 701 West Ward Boulevard , N.E. , Wilson, North C a r o l i n a , through t h e i r s u b s i d i a r y , Barc laysAmer ican /F inanc ia l , I n c . ( 9 /30 /80 ) 3 /

New York The Chase Manhattan Corpora t ion , 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 , loans and o the r e x t e n s i o n s of c r e d i t both secured and un-secured i n c l u d i n g , but not l i m i t e d t o , consumer and bus ines s l i n e s of c r e d i t , i n s t a l l m e n t loans 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 rope r ty ; t o s e r v i c e loans and o the r ex t ens ions of c r e d i t ; to s e l l t r a v e l e r s checks a t r e t a i l ; to ac t as insurance agent o r b roker fo r c r e d i t l i f e i n su rance and c r e d i t acc iden t and h e a l t h i n su rance d i r e c t l y r e l a t e d to such l end ing and s e r v -i c i n g a c t i v i t i e s ) i n the Arvida F i n a n c i a l P l a z a , Glades Road and Boca West Road, Boca Raton, F l o r i d a , through 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 /29 /80 ) 3/

New York Manufac turers 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 mak-ing or 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 , loans and o the 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 commercial f i n a n c e company; and a r r ang ing or s e r v i c i n g such loans and o the r ex tens ions of c r e d i t fo r any pe r son) a t 1 Commerce P l a c e , S u i t e 1933, N a s h v i l l e , Tennessee , through I t s s u b s i d i a r y , Manufac ture rs Hanover Commercial Corpora t ion ( 9 / 3 0 / 8 0 ) 3 /

Cleveland P i t t s b u r g h Na t iona l Corpo ra t i on , P i t t s b u r g h , Pennsy lvan ia , no-t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (mor t -gage banking , 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 and /o r the account of o t h e r s , loans and o the r e x t e n s i o n s of c r e d i t ) i n t h e Met ropo l i t an a rea of Kens ington , Maryland, th rough 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 Baxter Insurance Agency, I n c . , Bax t e r , Iowa, f o r approval to con t inue to engage in Insurance a c t i v i t i e s in a community t h a t has a popu la t ion not exceeding 5 ,000 .

| 7 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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H.2, 1980 No. 40 - 23 —

APPLICATIONS RECEIVED-Continued

Chicago Fennimore Bancorpora t ion , 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 in the s a l e of Insurance in a town of l e s s than 5 ,000 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 Inves tment Company, Oska loosa , Iowa, for approva l t o con t inue l e a s i n g a bank b u i l d i n g t o a bank and cont inue l e a s i n g p e r s o n a l p rope r ty 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 through i t s wholly-owned s u b s i d i a r y , MIC Leas ing Co . , Oska loosa , 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 con t inue to engage i n the s a l e of in su rance through Diagonal Insurance Agency, I n c . , Diagona l , Iowa) (9 /29 /80 ) 3 /

Minneapol i s Commercial S t a t e Bancshares , I n c . , Two Harbors , Minnesota , f o r approva l to con t inue to engage i n g e n e r a l i n su rance agency a c t i v i t i e s .

Minneapol is C u t l e r C o r p o r a t i o n , Newport, Minnesota , f o r approval t o con-t i n u e to engage i n conduct ing g e n e r a l i n su rance agency a c t i v i t i e s i n Green I s l e , Minnesota , a town w i t h l e s s than 5,000 p o p u l a t i o n .

Minneapol is C u t l e r C o r p o r a t i o n , Newport, Minnesota , n o t i f i c a t i o n of i n t e n t to con t i nue 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 or a c q u i r i n g loans f o r i t s own account ) (10 /3 /80) 3 /

San 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 -F r a n c i s c o 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 or

a c q u i r i n g , f o r i t s own account loans and o t h e r ex tens ions of c r e d i t such as would be made or acqui red 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 ex tens ions 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 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 su rance ; such a c t i v i t i e s would i n c l u d e , but not be l i m i t e d t o , making loans and o ther 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 smal l b u s i n e s s e s , purchas ing 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 loans secured 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 processed by Reserve Bank on behalf of t h e Board of Governors under de l ega t ed a u t h o r i t y .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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H.2, 1980 No. 40 — 24 —

APPLICATIONS RECEIVED-Continued

i n su rance d i r e c t l y r e l a t e d t o ex tens ions of c r e d i t made or acqu i red by FinanceAmerica Corpora t ion 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 sub-s i d i a r y , FinanceAmerica Corpora t ion of New Hampshire, I n c . (a New Hampshire Corpora t ion ) (9 /29 /80 ) 3 /

San 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 -F ranc i sco 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 nc lude

the 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 loan co 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 , pu rchas ing 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 loans and o the 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 loans secured by r e a l and pe r sona 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 in S a l t Lake C i t y , Utah , through i t s i n d i r e c t s u b s i d i a r y , F inance-America Corpo ra t i on (whose name w i l l be changed to F inance -America T h r i f t Corpora t ion upon i s suance of the i n d u s t r i a l loan l i c e n s e ) (9 /29 /80 ) 3 /

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 loan company a s a l i c e n s e e under t h e Kansas Investment 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 im i t ed t o , i s s u i n g inves tment 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 ; purchas ing 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% loans and o ther 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 pe r sona 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 rope r ty i n su rance d i r e c t l y r e l a t e d to ex t ens ions of c r e d i t made or acquired by F inance -America Corpo ra t i on (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, Great Bend, Kansas C i t y , Lawrence, Overland Pa rk , S a l i n a , Topeka, and W i c h i t a , Kansas, th rough i t s i n d i r e c t s u b s i d i a r y , F i -nanceAmerica Corpora t ion (a Kansas Corpora t ion) (whose name w i l l be changed t o FinanceAmerica T h r i f t Corpora t ion upon the 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 /

Orbanco F i n a n c i a l Se rv i ces C o r p o r a t i o n , P o r t l a n d , Oregon, no-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 or 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 oans o r o the 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

San F r a n c i s c o

San F r a n c i s c o

37 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of t h e Board of Governors under de lega ted a u t h o r i t y .

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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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 in the event of unremedied d e f a u l t s ) a t 516 Southeas t Morr i son , S u i t e 820, P o r t l a n d , Oregon, th rough 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 -c o r p . ( 9 / 2 9 / 8 0 ) 3 /

San 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 F r a n c i s c o 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 -

ing a s agent f o r c r e d i t p roper ty and c a s u a l t y in su rance and a s s o c i a t e d l i a b i l i t y i n su rance r e l a t e d to WFCC's ex t ens ions of c r e d i t to the ex t en 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 su rance laws or r e g u l a t i o n s ) t hese a c t i v i t i e s would be conducted from o f f i c e s in Phoenix and Tucson, Ar izona , and from o f f i c e s in Tulsa 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 Corpora t ion (10 /3 /80 ) 3 /

* * * * *

To Expand a Bank Holding Company Pursuant to Sec t ion 4 ( c ) ( 1 2 ) of the Bank Holding Company Act of 1956

Kansas C i ty 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 tock of The Travel Department , I n c . , (an Ind iana 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 Trave l Agency, I n c . ( a Kentucky Corpo ra t i on ) (9 /29 /80 ) 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 processed by Reseve Bank on behalf of t h e Board of Governors under de l ega ted a u t h o r i t y .

i Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis