h2_19810711.pdf

ANNOUNCEMENT BY

APPLICABLE RESERVE BANK

Chicago

Ch icago

S t . L o u i s

D a l l a s

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM ( H . 2 , 1981 No. 28)

A c t i o n s of t h e Board ; A p p l i c a t i o n s and R e p o r t s

Received Dur ing t h e Week Ending J u l y 11, 1981

ACTIONS OF THE BOARD

S t a t e m e n t by Governor Ly le E. Gramley b e f o r e t h e Sub-commit tee on Monopol ies and Commercial Law, House Committee on t h e J u d i c i a r y to d i s c u s s r e c e n t merge r s w i t h i n the f i n a n c i a l s e r v i c e s i n d u s t r y .

R e g u l a t i o n G, T and U, proposed r e v i s i o n s of B o a r d ' s marg in r e g u l a t i o n s ; comment r e q u e s t e d by September 15, 1981. (Docket No. R-0362)

B u f f a l o B a n c o r p o r a t i o n , B u f f a l o Grove, I l l i n o i s , e x t e n -s i o n of t ime to September 10, 1981, w i t h i n which t o become a bank h o l d i n g company th rough t he a c q u i s i t i o n of 51 p e r c e n t o r more of t h e v o t i n g s h a r e s of B u f f a l o Grove N a t i o n a l Bank, B u f f a l o Grove, I l l i n o i s . _!/

Commercial B a n c s h a r e s , I n c . , Champaign, I l l i n o i s , e x t e n -s i o n of t ime to September 8 , 1981, w i t h i n which to become a bank h o l d i n g company th rough t h e a c q u i s i t i o n of 100 p e r c e n t of t h e v o t i n g s h a r e s of the s u c c e s s o r by merger t o The Commercial Bank of Champaign, Champaign, I l l i n o i s . 1/

F i n a n c i a l Bancsha re s I n c . , S t . L o u i s , M i s s o u r i , e x t e n s i o n of t ime t o Oc tobe r 3 , 1981, w i t h i n which to become a bank h o l d i n g company th rough the a c q u i s i t i o n of Chippewa Bank, S t . L o u i s , M i s s o u r i and C i t i z e n s Bank of D e x t e r , D e x t e r , M i s s o u r i ; and f o r Scmid B r o t h e r s Inves tmen t Company, I n c . , S t . L o u i s , M i s s o u r i , to a c q u i r e F i n a n c i a l B a n c s h a r e s , I n c . , S t . L o u i s , M i s s o u r i . JL/

NBC B a n c s h a r e s , I n c . , A u s t i n , T e x a s , e x t e n s i o n of t ime t o August 7 , 1981, w i t h i n which to consummate t he a c q u i s i t i o n of N a t i o n a l Bank of Commerce, A u s t i n , Texas and N a t i o n a l Bank of Commerce-South, A u s t i n , T e x a s . 1/

V A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y .

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

H.2 , 1981 No. 28

ACTIONS OF THE BOARD-Continued

Chicago Seaway B a n c s h a r e s , I n c . , Ch icago , I l l i n o i s , e x t e n s i o n of t ime to Oc tober 6 , 1981, w i t h i n which to become a bank h o l d i n g company th rough the a c q u i s i t i o n of 100 p e r c e n t of t he v o t i n g s h a r e s of Seaway N a t i o n a l Bank of Ch i cago , Ch icago , I l l i n o i s . JjV

A t l a n t a Southwest Georg ia F i n a n c i a l C o r p o r a t i o n , M o u l t r i e , G e o r g i a , e x t e n s i o n of t ime t o October 11 , 1981, w i t h i n which to become a bank h o l d i n g company th rough the a c q u i s i t i o n of M o u l t r i e N a t i o n a l Bank, M o u l t r i e , G e o r g i a . _1/

San Korea Exchange Bank a p p l i c a t i o n on b e h a l f of i t s proposed F r a n c i s c o S e a t t l e b ranch to e n t e r i n t o an agreement wi th t h e F e d e r a l

Reserve System t o r e c e i v e on ly such d e p o s i t s as would be p e r m i s s i b l e . _1/

San Camel Bank, I n c o r p o r a t e d , P h o e n i x , A r i z o n a ( i n o r g a n i z a t i o n ) , F r a n c i s c o e x t e n s i o n of t ime t o October 1, 1981, w i t h i n which to

become a member bank i n the F e d e r a l Reserve System. _1/

Ch icago C i t i z e n s Bank and T r u s t Company, C l a r e , M i c h i g a n , e x t e n s i o n of t ime t o Oc tobe r 3 , 1981, w i t h i n which to e s t a b l i s h a b ranch a t 2370 West L u d i n g t o n D r i v e , F a r w e l l , S u r r y Town-s h i p , Mich igan . V

San F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los A n g e l e s , C a l i f o r n i a , F r a n c i s c o e x t e n s i o n of t ime t o J a n u a r y 18, 1982, w i t h i n which to e s -

t a b l i s h a b ranch i n the v i c i n i t y of the i n t e r s e c t i o n of F l o r i d a and Sander son Avenues , C a l i f o r n i a . 1/

San F r a n c i s c o

A t l a n t a

A t l a n t a

F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los A n g e l e s , C a l i f o r n i a , e x t e n s i o n of t ime t o J a n u a r y 15, 1982, w i t h i n which t o e s t a b l i s h a b ranch i n the v i c i n i t y of the i n t e r s e c t i o n of t h e Pomona Freeway and Grove Avenue, O n t a r i o , C a l i f o r n i a . 1/

B a r n e t t Bank of L a k e l a n d , L a k e l a n d , F l o r i d a , p roposed merger w i th B a r n e t t Bank of Eas t P o l k County , Winter Haven, F l o r i d a ; r e p o r t to t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a -t i o n on c o m p e t i t i v e f a c t o r s . 1/

B a r n e t t Bank of Tampa, Tampa, F l o r i d a , p roposed merger w i t h Car ro l Iwood S t a t e Bank, Tampa, F l o r i d a ; r e p o r t t o t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/

1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of t he Board of Governors under d e l e g a t e d a u t h o r i t y .


# H . 2 , 1981 No. 28 - 3 -

ACTIONS OF THE BOARD-Cont inued

Ch icago

A t l a n t a

Richmond

New York

Dal l a s

Chicago

New York

B u f f a l o Grove N a t i o n a l Bank, B u f f a l o Grove, I l l i n o i s , f o r p r i o r a p p r o v a l t o merge w i t h B u f f a l o Bank N a t i o n a l A s s o c i a t i o n , B u f f a l o Grove , I l l i n o i s , under the c h a r t e r of B u f f a l o Bank N a t i o n a l A s s o c i a t i o n , B u f f a l o Grove, I l l i n o i s and t i t l e of B u f f a l o Grove N a t i o n a l Bank, B u f f a l o Grove , I l l i n o i s ; r e p o r t to t h e C o m p t r o l l e r of t h e C u r r e n c y on c o m p e t i t i v e f a c t o r s . \ j

F i r s t N a t i o n a l Bank of Alabama, Daphne, Alabama, proposed merge r w i t h F i r s t N a t i o n a l Bank of M o b i l e , Mob i l e , Alabama; r e p o r t t o t h e C o m p t r o l l e r of t h e Cur rency on c o m p e t i t i v e f a c t o r s . 1J

F i r s t N a t i o n a l Bank of Mary land , B a l t i m o r e , Mary land , p r o -posed merge r w i t h The Denton N a t i o n a l Bank, Den ton , M a r y l a n d ; r e p o r t t o t h e C o m p t r o l l e r of t h e Cur rency on c o m p e t i t i v e f a c t o r s . J J

M e t r o p o l i t a n S a v i n g s Bank, New York , New York, p r o p o s a l t o merge w i t h The Brooklyn Sav ings Bank, New York, New York; r e p o r t t o t h e F e d e r a l Depos i t I n s u r a n c e C o r p o r a -t i o n on c o m p e t i t i v e f a c t o r s . \ f

T e r r e l l S t a t e Bank, T e r r e l l , T e x a s , proposed merger w i t h New T e r r e l l S t a t e Bank, T e r r e l l , Texas ; r e p o r t to t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . J J

York S t a t e Bank and T r u s t Company, E l m h u r s t , I l l i n o i s , f o r p r i o r a p p r o v a l t o merge wi th V a l l e t t e Bank, E l m h u r s t , I l l i n o i s , unde r t he c h a r t e r of V a l l e t t e Bank, E l m h u r s t , I l l i n o i s , and t i t l e of York S t a t e Bank and T r u s t Company, E l m h u r s t , I l l i n o i s ; r e p o r t t o t h e F e d e r a l D e p o s i t I n s u r -ance C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . _1/

Tremont S a v i n g s and Loan A s s o c i a t i o n , Bronx, New York, p r o -p o s a l t o merge wi th t h e L i n c o l n S a v i n g s Bank, B r o o k l y n , New York; r e p o r t to t h e F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a -t i o n on c o m p e t i t i v e f a c t o r s . JL/

17 A p p l i c a t i o n p r o c e s s e d on b e h a l f of t he Board of Governors under d e l e g a t e d a u t h o r i t y .


H . 2 , 1981 No. 28 - 4 -


To E s t a b l i s h a Domestic Branch P u r s u a n t to S e c t i o n 9 of t h e F e d e r a l Rese rve Act

Approved New York The Bank of New York, New York, New York. To e s t a b l i s h

a b ranch on the second f l o o r , I n t e r n a t i o n a l B u s i n e s s Machines C o r p o r a t i o n , 1133 W e s t c h e s t e r Avenue, White P l a i n s , W e s t c h e s t e r County , New York. \ J

New York Columbus T r u s t Company, Newburgh, New York. To e s t a b l i s h a branch in t he immedia te ne ighborhood of t he i n t e r -s e c t i o n of Quaker Avenue and Angola Road, Town of C o r n w a l l , New York. JV

C l e v e l a n d P e o p l e s L i b e r t y Bank and T r u s t C o . , Cov ing ton , Ken tucky . To e s t a b l i s h a b ranch a t 3631 Decoursey P i k e , C o v i n g t o n , Kentucky . I f

C l e v e l a n d Ohio C i t i z e n s Bank, T o l e d o , O h i o . To e s t a b l i s h a branch a t R e t a i l Concourse on One SeaGate C e n t e r , (World Head-q u a t e r s of O w n e s - I l l i n o i s ) , T o l e d o , Lucas County , O h i o . 1/

* * * * *

A t l a n t a

Kansas C i t y

I s s u e d I n t e n t Not To D i s a p p r o v e Change of C o n t r o l P u r s u a n t t o Change i n Bank C o n t r o l Act of 1978

Not D i sapp roved F l a g s h i p Banks , I n c . , Miami, F l o r i d a .

The C i t i z e n s Bank Ho ld ing C o r p o r a t i o n , D r u m r i g h t , Oklahoma.

I f A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y .

I


H. 2 . 1981 No. 28 5 -


A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t -ments and Other A c t i o n s P u r s u a n t t o S e c t i o n s 25 and 25 (a ) of t he F e d e r a l Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Hold ing Company Act of 1956, as amended

Approved New York C i t i b a n k , N . A . , New York, New York: g r a n t s consen t t h a t The

M e r c a n t i l e Bank of Canada , M o n t r e a l , Quebec, Canada i s not a s u b s i d i a r y of C i t i b a n k a s d e f i n e d in R e g u l a t i o n E but r a t h e r i s a C i t i b a n k j o i n t v e n t u r e .

New York The Bank of New York I n t e r n a t i o n a l I n c o r p o r a t e d , New York, New York, f o r a f i n a l p e r m i t a u t h o r i z i n g t h e i n i t i a t i o n of o p e r a t i o n s of The Bank of New York I n t e r n a t i o n a l I n c o r p o r a t e d , New York, New York. 1/

San S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , ap -F r a n c i s c o proved e x t e n s i o n of t ime to June 6 , 1982, w i t h i n which i t

may a c q u i r e d i r e c t l y or i n d i r e c t l y a d d i t i o n a l s h a r e s of S e c u r i t y P a c i f i c F inance L i m i t e d , R e a d i n g , E n g l a n d . _1/

S i x t y Day N o t i f i c a t i o n P e r i o d Allowed t o E x p i r e San Wells F a r g o Bank, N . A . , 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 t h e e s t a b l i s h m e n t of a b ranch in S e o u l , South Korea .

* * * * *

To Form a Bank Holding Company P u r s u a n t to S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Ho ld ing Company Act of 1956

Approved C l e v e l a n d Boone B a n c o r p o r a t i o n , I n c . , A l e x a n d r i a , Kentucky , f o r ap-

p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t he v o t i n g s h a r e s of D i x i e S t a t e Bank, Wal ton , Kentucky . _1/

A t l a n t a Ashland C a p i t a l C o r p o r a t i o n , I n c . , Ash l and , Alabama, f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank of A s h l a n d , A s h l a n d , Alabama. J L /

A t l a n t a R a i n s v i l l e Hold ing Company, R a i n s v i l i e , Alabama, f o r ap -p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of R a i n s v i l l e Bank, R a i n s v i l l e , Alabama. 1/

1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2 , 1981 No. 28 - 6


Chicago M o u l t r i e Bancorp , I n c . , L o v i n g t o n , I l l i n o i s , f o r approva l to a c q u i r e a t l e a s t 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of Hardware S t a t e Bank, L o v i n g t o n , I l l i n o i s . J L /

Chicago S t . Jo seph B a n c o r p o r a t i o n , I n c . , South Bend, I n d i a n a , f o r a p p r o v a l t o merge w i t h S t . Joseph Agency, I n c . , South Bend, I n d i a n a and i n d i r e c t l y a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of the s u c c e s s o r by merger to C e n t r a l S t a t e Bank of L a k e v i l l e , L a k e v i l l e , I n d i a n a and S t . Joseph Bank and T r u s t Company, South Bend, I n d i a n a . 1/

S t . Lou i s Mathes B a n c s h a r e s , I n c . , E l l i n g t o n , M i s s o u r i , f o r app rova l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of Farmers S t a t e Bank of E l l i n g t o n , Mo., E l l i n g t o n , M i s s o u r i . 1/

M i n n e a p o l i s Eden Bank Hold ing Company, I n c . , Eden , South Dakota , f o r a p p r o v a l to a c q u i r e a t l e a s t 9 0 . 8 p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank of Eden, Eden, South Dakota . _1/

M i n n e a p o l i s Union Holding Company, H a l l i d a y , Nor th Dakota , f o r app rova l to a c q u i r e a t l e a s t 8 6 . 5 p e r c e n t of t h e v o t i n g s h a r e s of The Union Bank, H a l l i d a y , N o r t h Dakota . 1/

Kansas C i t y American N a t i o n a l Bancorp , I n c . , B r i s t o w , Oklahoma, fo r ap -p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of The American N a t i o n a l Bank of B r i s t o w , B r i s t o w , Oklahoma. 1/

Kansas C i t y C e n t e n n i a l B a n c s h a r e s , I n c . , Ove r l and P a r k , Kansas , f o r ap-p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of C e n t e n n i a l Bank and T r u s t , M i s s i o n , Kansas . J J

Kansas C i t y F a l l R ive r B a n k s h a r e s , I n c . , F a l l R i v e r , Kansas , f o r a p p r o v a l t o a c q u i r e a t l e a s t 8 2 . 3 p e r c e n t of the v o t i n g s h a r e s of F a l l R ive r S t a t e Bank, F a l l R i v e r , Kansas . 1/

Dal l a s Howe F i n a n c i a l C o r p o r a t i o n , Howe, T e x a s , f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of Howe S t a t e Bank, Howe, T e x a s . 1/

San Grant S. C l a r k Inves tmen t Company, a Utah L i m i t e d P a r t n e r -F r a n c i s c o s h i p , S a l t Lake C i t y , U t a h , f o r a p p r o v a l t o a c q u i r e 5 4 . 4 7

p e r c e n t of t h e v o t i n g s h a r e s of Dav i s County Bank, F a r m i n g t o n , U t a h . 1/

JL/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of t he Board of Governors under d e l e g a t e d a u t h o r i t y .

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

H . 2 , 1981 No. 28


To Expand a Bank Hold ing Company P u r s u a n t to S e c t i o n 3 ( a ) ( 3 ) of t h e Bank Hold ing Company Act of 1956

Approved C l e v e l a n d The C e n t r a l B a n c o r p o r a t i o n , I n c . , C i n c i n n a t i , Oh io , f o r

a p p r o v a l t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of The C l e a r Creek V a l l e y Banking Company, Amanda, Oh io . 1/

A t l a n t a S o u t h e r n B a n c o r p o r a t ion of Alabama, Birmingham, Alabama, f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t he v o t i n g s h a r e s of Auburn Bank & T r u s t Company, Auburn, Alabama. YJ

Chicago DETROITBANK C o r p o r a t i o n , D e t r o i t , Mich igan , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c -c e s s o r by merge r t o SNB Bank and T r u s t , B a t t l e C r e e k , M i c h i g a n .

Kansas C i t y B i n g e r Agency, I n c . , B i n g e r , Oklahoma, f o r a p p r o v a l t o a c q u i r e a t l e a s t 5 1 . 6 p e r c e n t of t h e v o t i n g s h a r e s of B inge r Community Bank, B i n g e r , Oklahoma. J J

Kansas C i t y I n d u s t r i a l B a n c s h a r e s , I n c . , Kansas C i t y , K a n s a s , f o r ap-p r o v a l t o a c q u i r e a t l e a s t 50 p e r c e n t of t h e v o t i n g s h a r e s of C e n t e n n i a l B a n c s h a r e s , I n c . , Over l and P a r k , K a n s a s . JL/

Kansas C i t y V a l l e y View B a n c s h a r e s , I n c . , Over l and P a r k , Kansas , f o r a p p r o v a l t o a c q u i r e a t l e a s t 50 p e r c e n t of t h e v o t i n g s h a r e s of C e n t e n n i a l B a n c s h a r e s , I n c . , Over l and P a r k , K a n s a s . 1/

* * * * *

To Expand a Bank Hold ing Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 5 ) of t h e Bank Ho ld ing Company Act of 1956

Approved Kansas C i t y The Wyoming N a t i o n a l C o r p o r a t i o n , C a s p e r , Wyoming, f o r

a p p r o v a l t o a c q u i r e 100 p e r c e n t of the vofcing s h a r e s F i r s t B a n k s h a r e s of Wyoming, Cheyenne, Wyoming.

17 A p p l i c a t i o n p r o c e s s e d on b e h a l f of t he Board of Governors under d e l e g a t e d a u t h o r i t y .

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

H . 2 , 1981 No. 28 — 8 —


Ch icago

S t . L o u i s


New York

Boston

To Expand a Bank Ho ld ing Company P u r s u a n t to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Hold ing Company Act of 1956

Approved S t . J o s e p h B a n c o r p o r a t i o n , I n c . , South Bend, I n d i a n a , f o r

app rova l t o a c q u i r e 83 p e r c e n t of S t . Joseph Mortgage Company, I n c . , South Bend, I n d i a n a and 51 p e r c e n t of S t . Joseph Lease C a p i t a l C o r p o r a t i o n , A l e x a n d r i a , V i r g i n i a . U

Mathes B a n c s h a r e s , I n c . , E l l i n g t o n , M i s s o u r i , f o r app rova l t o engage de novo in c e r t a i n i n s u r a n c e agency a c t i v i t i e s . 1/

S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , f o r a p p r o v a l t o a c q u i r e A . J . Armstrong Company, I n c . , New York, New York. JL/

R e a c t i v a t e d B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l

L i m i t e d , bo th of London, E n g l a n d , r e q u e s t s p e r m i s s i o n t o r e l o c a t e e x i s t i n g o f f i c e s e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s (making d i r e c t consumer l o a n s , i n c l u d i n g l o a n s s e c u r e d by r e a l e s t a t e , and p u r c h a s i n g of s a l e s f i n a n c e c o n t r a c t s r e p r e s e n t i n g e x t e n s i o n s of c r e d i t such a s would be made or a c q u i r e d by a consumer f i n a n c e company, and w h o l e s a l e f i n a n c i n g ( f l o o r p l a n n i n g ) ; and a c t i n g as agen t f o r t h e s a l e of r e l a t e d c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h and c r e d i t p r o p e r t y i n s u r -ance ) from 24-26 Nor th S t r e e t , Midd le town, New York t o 280 Route 211 E a s t , Middle town, New York, t h r o u g h t h e i r s u b s i d i a r y , B a r c l a y s A m e r i c a n / F i n a n c i a l , I n c . (a New York C o r p o r a t i o n ) and from 24-26 Nor th S t r e e t , Middle town, New York t o 280 Route 211 E a s t , Midd le town, New York, t h rough t h e i r s u b s i d i a r y , B a r c l a y s A m e r i c a n / R e t a i l S e r -v i c e s , I n c . (an Ohio C o r p o r a t i o n ) ( 7 / 1 0 / 8 1 ) 3/

P e r m i t t e d F i r s t N a t i o n a l Boston C o r p o r a t i o n , Bos ton , M a s s a c h u s e t t s ,

n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( p r o v i d i n g bookkeep ing and d a t a p r o c e s s i n g s e r v i c e s f o r t h e i n t e r n a l o p e r a t i o n of a s i n g l e named bank; and s t o r i n g and p r o c e s s i n g b a n k i n g , f i n a n c i a l or r e l a t e d d a t a ( i n c l u d -ing demand d e p o s i t , s a v i n g s , d i r e c t and i n d i r e c t i n s t a l l -

1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y .

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t he Board of Governors under d e l e g a t e d a u t h o r i t y .


H . 2 . 1981 No. 28 - 9 -


ment l o a n s , commercial l o a n s , m o r t g a g e s , g e n e r a l l e d g e r and c e n t r a l i n f o r m a t i o n a c c o u n t i n g ) f o r such bank and i n d i r e c t l y f o r i n s t i t u t i o n s who may e n t e r i n t o a d a t a p r o c e s s i n g agreement wi th such bank) a t 286 Water S t r e e t , August a , Maine, t h rough i t s s u b s i d i a r y , FBC, I n c . ( 7 / 9 / 8 1 ) 3 /

Boston

New York

New York

New York

Old Stone C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , 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 h e o r i g -i n a t i o n , s a l e and s e r v i c i n g of f i r s t and second mor tgage l o a n s ; t h e s a l e of c r e d i t l i f e and c r e d i t h e a l t h and a c c i d e n t i n s u r a n c e o f f e r e d i n c o n n e c t i o n w i t h e x t e n s i o n s of c r e d i t ; and t h e s a l e of c a s u a l t y i n s u r a n c e on p r o p e r t y mor tgaged in c o n n e c t i o n w i t h e x t e n s i o n s of c r e d i t ) a t 1740 Cameron Avenue, West Covina , C a l i f o r n i a , th rough a new i n -d i r e c t s u b s i d i a r y , UniMortgage C o r p o r a t i o n of C a l i f o r n i a ( 7 / 6 / 8 1 ) 2 /

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 i m i t e d , bo th of London, E n g l a n d , r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e engaging in the f o l l o w i n g a c t i v i t i e s ( i n i n -d i r e c t i n s t a l l m e n t l e n d i n g , r e t a i l s a l e s f i n a n c i n g and s e l -l i n g , a s a g e n t , r e l a t e d c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h and c r e d i t p r o p e r t y i n s u r a n c e ) a t 6465 C o l l e g e Park S q u a r e , V i r g i n i a Beach, V i r g i n i a , t h r o u g h t h e i r s u b s i d i a r y , B a r c l a y s -A m e r i c a n / C r e d i t , I n c . ( 7 / 5 / 8 1 ) 3J

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 i m i t e d , bo th of London, E n g l a n d , r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s ( i n l e a s e f i n a n c i n g of p e r s o n a l p r o p e r t y by means of l e a s e s t h a t meet t h e s t a n d a r d of S e c t i o n 2 2 5 . 4 ( a ) ( 6 ) of R e g u l a t i o n Y) a t 3200 West End Avenue, S u i t e 4 0 5 , N a s h v i l l e , T e n n e s s e e , t h rough t h e i r s u b s i d i a r y , B a r e l a y s A m e r i c a n / L e a s i n g , I n c . ( 7 / 5 / 8 1 ) J3/

B a r c l a y s Bank L imi t ed and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , bo th of London, E n g l a n d , r e q u e s t s p e r m i s s i o n to e s t a b l i s h de novo o f f i c e s e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s ( i n making mor tgage l oans and s e l l i n g , a s a g e n t , r e l a t e d c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h and c r e d i t p r o p e r t y i n s u r a n c e ) a t 6525 Mor r i son B o u l e v a r d , C h a r l o t t e , Nor th C a r o l i n a , t h rough t h e i r s u b s i d i a r y , B a r e l a y s A m e r i c a n / C r e d i t , I n c . and 1930 Bishop Lane , W a t t e r s o n Towers ( S u i t e 7 2 0 ) , L o u i s v i l l e , Ken tucky , t h r o u g h t h e i r s u b s i d i a r y , Bare l a y s A m e r i c a n / M o r t g a g e , I n c . ( 7 / 5 / 8 1 ) 3 /

17 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t he Board of Governors under d e l e g a t e d a u t h o r i t y .


H. 2 , 1981 No. 28 - 1 0 -


New York 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 i m i t e d , bo th of London, E n g l a n d , r e q u e s t s p e r m i s s i o n to expand t h e a c t i v i t i e s of e x i s t i n g o f f i c e s to i n c l u d e the f o l l o w i n g a c t i v i t i e s (making b u s i n e s s l o a n s t o smal l b u s i n e s s e s or i n d i v i d u a l s bor rowing f o r b u s i n e s s p u r p o s e s , p r i m a r i l y secured by f i r s t and second mor tgages on r e a l e s t a t e ) l o c a t e d in the f o l l o w i n g s t a t e s : 83 o f f i c e s l o c a t e d i n North C a r o l i n a , th rough t h e i r s u b s i d i a r y , Bare l aysAmer ican / F i n a n c i a l , I n c . ; 6 o f f i c e s l o c a t e d i n I d a h o , t h r o u g h t h e i r s u b s i d i a r y , B a r e l a y s A m e r i c a n / F i n a n c i a l , I n c . ; 22 o f f i c e s l o c a t e d i n South C a r o l i n a , t h r o u g h t h e i r s u b s i d i a r y , B a r e l a y s A m e r i c a n / F i n a n c i a l , I n c . ; and 15 o f f i c e s l o c a t e d in South C a r o l i n a , t h r o u g h t h e i r s u b s i d i a r y , B a r e l a y s -Amer i c a n / C r e d i t , I n c . ( 7 / 5 / 8 1 ) 3 /

New York 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 i m i t e d , bo th of London, E n g l a n d , r e q u e s t s p e r m i s s i o n to r e l o c a t e e x i s t i n g o f f i c e s engaging in the f o l l o w i n g a c t i v i t i e s (making d i r e c t consumer l o a n s , i n c l u d i n g loans secured by r e a l e s t a t e , and p u r c h a s i n g of s a l e s f i n a n c e c o n t r a c t s r e p r e s e n t i n g e x t e n s i o n s of c r e d i t such as would be made or a c q u i r e d by a consumer f i n a n c e company, and w h o l e s a l e f i n a n c i n g ( f l o o r p l a n n i n g ) ; and a c t i n g a s 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 r o p e r t y i n s u r -ance) from 24-26 North S t r e e t , Middle town, New York to 280 Route 211 E a s t , Middle town, New York, th rough t h e i r s u b s i d i a r y , B a r c l a y s A m e r i c a n / F i n a n c i a l , I n c . ( a New York C o r p o r a t i o n ) and from 24-26 Nor th S t r e e t , Middle town, New York to 280 Route 211 E a s t , Middle town, New York, t h r o u g h t h e i r s u b s i d i a r y , B a r c 1 a y s A m e r i c a n / R e t a i l S e r v i c e s , I n c . ( an Ohio C o r p o r a t i o n ) ( 7 / 1 1 / 8 1 ) _3/

New York The Chase Manha t t an C o r p o r a t i o n , New York, New York , r e q u e s t s p e r m i s s i o n to e s t a b l i s h a jde novo o f f i c e engaging i n the f o l l o w i n g 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 accoun t or f o r the account of o t h e r s , l oans and o t h e r e x t e n s i o n s of c r e d i t s ecu red by r e a l e s t a t e i n c l u d i n g , but not l i m i t e d t o , f i r s t and second mor tgage loans s ecu red by mor tgages on o n e - t o - f o u r f a m i l y r e s i d e n t i a l p r o p e r t i e s ; t o s e r v i c e loans and o t h e r e x t e n s i o n s of c r e d i t fo r any p e r s o n ; t o s e l l mor tgage l oans i n t h e s econda ry m a r k e t ; and t o o f f e r mor tgage term l i f e i n s u r -a n c e , a c c i d e n t and h e a l t h i n s u r a n c e and d i s a b i l i t y i n -

3? 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t he Board of Governors under d e l e g a t e d a u t h o r i t y .


H. 2 , 1981 No. 28 - 11 -


s u r a n c e d i r e c t l y r e l a t e d t o such l e n d i n g and s e r v i c i n g a c t i v i t i e s ) l o c a t e d i n t h e a r e a of t h e i n t e r s e c t i o n of Routes 2 and 50 i n A n n a p o l i s , Mary land , t h rough i t s sub-s i d i a r y , Chase Home Mortgage C o r p o r a t i o n ( 7 / 1 0 / 8 1 ) 3/

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand t h e a c t i v i t i e s of an e x i s t i n g o f f i c e e n g a g i n g in t h e f o l l o w -ing a c t i v i t y ( t h e s e r v i c i n g f o r any p e r s o n , of l o a n s and o t h e r e x t e n s i o n s of c r e d i t ) a t 2001 Gateway P l a c e , San J o s e , C a l i f o r n i a , s e r v i n g t h e c o u n t i e s of San Mateo, S a n t a C l a r a and Alameda, a l l i n C a l i f o r n i a , th rough i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ( 7 / 5 / 8 1 ) _3/

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e engaging in the f o l l o w i n g a c t i v i t i e s ( t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own accoun t of s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n t h e case of s i n g l e payment l o a n s ) t e rm l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , a s r e q u i r e d ; t h e e x t e n s i o n of l o a n s t o d e a l e r s fo r t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own account of s a l e s f i n a n c e c o n t r a c t s ; and t h e s e r v i c i n g , f o r any p e r s o n , of l oans and o t h e r e x t e n s i o n s of c r e d i t ; t h e p roposed s e r v i c e a r e a of the o f f i c e would be comprised of the e n t i r e S t a t e of Texas f o r a l l t h e a f o r e m e n t i o n e d a c t i v i t i e s ; c r e d i t r e l a t e d l i f e , a c c i -dent and h e a l t h i n s u r a n c e may be w r i t t e n by Fami ly Guard ian L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p Accep tance Company, I n c . ) a t 2426 Cee Gee S t r e e t , S u i t e 202, San A n t o n i o , T e x a s , t h r o u g h i t s s u b s i d i a r y , C i t i c o r p Accep tance Company, I n c . ( 7 / 5 / 8 1 ) 3/

New York M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s p e r m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e and t o expand t h e s e r v i c e a r e a of t he r e l o c a t e d o f f i c e engag-i n g in t h e f o l l o w i n g a c t i v i t i e s (consumer f i n a n c e , s a l e s f i n a n c e and home e q u i t y l e n d i n g a c t i v i t i e s and in the s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e , and c r e d i t a c c i d e n t , h e a l t h and p r o p e r t y i n s u r a n c e ; t h e new o f f i c e w i l l s e r v e cus tomers i n M a r i c o p a , Yavap ta , G i l a , and P i n a l c o u n t i e s ) from 1302 N. F i r s t S t r e e t , P h o e n i x , A r i z o n a to 10321 N. 32nd S t r e e t , S u i t e D, P h o e n i x , A r i z o n a , t h rough i t s s u b s i d i a r y , Termplan I n c o r p o r a t e d of A r i z o n a ( 7 / 7 / 8 1 )

1 /

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2 , 1981 No. 28 - 1 2 -


New York M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s p e r m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e and t o expand t h e s e r v i c e a r e a of t he r e l o c a t e d o f f i c e engaging in t h e f o l l o w i n g a c t i v i t i e s (consumer f i n a n c e , s a l e s f i -nance and home e q u i t y l e n d i n g a c t i v i t i e s and in the s a l e of s i n g l e and j o i n t c r e d i t l i f e i n s u r a n c e , and c r e d i t a c c i -d e n t , h e a l t h and p r o p e r t y i n s u r a n c e ; t h e new o f f i c e w i l l s e r v e cus tomers i n Pima, P i n a l , Graham, Coch i se and San ta Cruz c o u n t i e s ) from 5339 South 12 th Avenue, Tucson , Ar i zona t o 5151 E. Broadway, S u i t e 190, Tucson , A r i z o n a , th rough i t s s u b s i d i a r y , Termplan I n c o r p o r a t e d of A r i z o n a ( 7 / 7 / 8 1 ) 3/

D a l l a s Texas Commerce B a n c s h a r e s , I n c . , H o u s t o n , T e x a s , 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 in t h e a c t i v i t y of a c t i n g as a managing g e n e r a l i n s u r a n c e agent p u r s u a n t to t he laws of Texas) a t 1212 Main S t r e e t , Hous ton , T e x a s , th rough a s u b s i d i a r y , Pyramid Agency, I n c . ( 7 / 7 / 8 1 ) 2 /

Bancorp Hawa i i , I n c . , H o n o l u l u , H a w a i i , 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 ( t o engage i n i n d u s t r i a l l o a n a c t i v i t i e s a c c o r d i n g t o the i n d u s t r i a l loan c h a p t e r of t he Hawaii Revised S t a t u t e s and to a c t as agent or b r o k e r in t he s a l e of c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r a n c e ) a t 930 Wainee , L a h a i n a , Hawai i , t h e g e o g r a p h i c a r e a to be se rved w i l l be the L a h a i n a , Kaanapul i and N a p i l i a r e a s on t h e I s l a n d of Maui, t h r o u g h i t s s u b s i d i a r y , Bancorp F i n a n c e Hawai i , I n c . ( 7 / 1 1 / 8 1 ) 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 (making or a c q u i r i n g f o r t h e i r own a c c o u n t s l oans and o t h e r e x t e n -s i o n s of c r e d i t such as would be made or a c q u i r e d by a f i n a n c e company; s e r v i c i n g such l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; and o f f e r i n g c r e d i t r e l a t e d l i f e , c r e d i t r e l a t e d a c c i d e n t and h e a l t h and c r e d i t r e l a t e d p r o p e r t y i n s u r a n c e ; t h e a c t i v i t i e s of F inanceAmer ica C o r p o r a t i o n of M i s s o u r i w i l l i n c l u d e , bu t not be l i m i t e d t o , making consumer i n s t a l l m e n t l o a n s , p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , mak-ing loans and o t h e r e x t e n s i o n s of c r e d i t to sma l l b u s i n e s s e s , and making l o a n s s ecu red by r e a l and p e r s o n a l p r o p e r t y ; t h e a c t i v i t i e s of F inanceAmer ica C r e d i t C o r p o r a t i o n w i l l i n c l u d e , but not be l i m i t e d t o , making f i r s t mortgage r e s i d e n t i a l r e a l e s t a t e loans in e x c e s s of $ 2 , 5 0 0 ; b o t h c o r p o r a t i o n s w i l l o f f e r c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h and p r o p e r t y i n s u r -


San F r a n c i sco

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t he Board of Governors under d e l e g a t e d a u t h o r i t y .

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

I ' . 2 , 1981 No. 28 - 1 3 -

ACT10NS OF THE BOARD-Continued

anee d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or a c q u i r e d by F i nanccAme r i ca C o r p o r a t i o n of Missour i and F inanceAme r i ca C r e d i t C o r p o r a t i o n ) a t 2734 Nor th Highway 67, F l o r i s s a n t , M i s s o u r i , s e r v i n g t h e e n t i r e S t a t e of M i s s o u r i , and I l l i n o i s t h r o u g h i t s i n d i r e c t s u b s i d i a r i e s , F inanceAmerica C o r p o r a t i o n of M i s s o u r i ( a M i s s o u r i C o r p o r a t i o n ) and F inanceAmer ica C r e d i t C o r p o r a t i o n ( a Delaware C o r p o r a t i o n ) ( 7 / 1 0 / 8 1 ) 3J

San RankAmerica 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 t i f i -F r a n c i s c o c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making

o r a c q u i r i n g fo r i t s own a c c o u n t , l oans and o t h e r e x t e n -s i o n s of c r e d i t such as would be made or a c q u i r e d by a f i n a n c e company, s e r v i c i n g l oans and o t h e r e x t e n s i o n s of c r e d i t , and o f f e r i n g c r e d i t r e l a t e d l i f e and c r e d i t r e -l a t e d a c c i d e n t and h e a l t h i n s u r a n c e ; such a c t i v i t i e s w i l l i n c l u d e , bu t not be l i m i t e d t o , making consumer i n s t a l l -ment l o a n s ; p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s ; making l o a n s and o t h e r e x t e n s i o n s of c r e d i t to s m a l l b u s i n e s s e s ; making l o a n s s e c u r e d by r e a l and p e r s o n a l p r o p e r t y ; and t h e o f f e r i n g of c r e d i t r e l a t e d l i f e , a c c i -den t , and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t made or a c q u i r e d by F inanceAmer ica C o r p o r a t i o n ) a t S u i t e 1001-1005 Wilson B u i l d i n g , Broadway and Cooper S t r e e t , Camden, New J e r s e y ; Vantage P l a z a Shopping C e n t e r , Cooks town, New J e r s e y ; 633 T i l ton Road, N o r t h f i e l d , New J e r s e y ; and 31A Black Horse P i k e , Runnemede, New J e r s e y , t o i n c l u d e t h e e n t i r e S t a t e of New J e r s e y and t h e e a s t e r n r e g i o n of P e n n s y l v a n i a , t h r o u g h i t s i n d i r e c t s u b s i d i a r y , F inanceAmer i ca C o r p o r a t i o n ( a New J e r s e y C o r p o r a t i o n ) ( 7 / 1 0 / 8 1 ) V

37 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t he Board of Governors under d e l e g a t e d a u t h o r i t y .


H . 2 , 1981 No. 28 - 14 -

APPLICATIONS RECEIVED

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

Chemical Bank, New York, New York. To e s t a b l i s h a branch o f f i c e a t North Shore Towers Apartment Complex, Arcade L e v e l , 269 Grand C e n t r a l Parkway, Queens, New York. 2/

F i r s t V i r g i n i a Bank, F a l l s Church , V i r g i n i a . To e s t a b l i s h a branch a t 6862 Elm S t r e e t , McLean, F a i r f a x , V i r g i n i a . 2/

Bank of Newport News, Newport News, V i r g i n i a . To e s t a b l i s h a b ranch a t 306-308 High S t r e e t , Po r t smou th , V i r g i n i a . 2J

Kent C i t y S t a t e Bank, Kent C i t y , Mich igan . To e s t a b l i s h a b ranch a t 5475 Apple Avenue, E g e l s t o n Township, Muskegon County , Mich igan . 2 /

F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los A n g e l e s , C a l i f o r n i a . A p p l i c a t i o n made f o r b r a n c h o f f i c e i n t h e v i c i n i t y of t h e i n t e r s e c t i o n of S u n r i s e Boulevard and Coloma Road, Unin-c o r p o r a t e d Community of Rancho Cordova , Sacramento County , C a l i f o r n i a . 2 /

* * * * *

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 O t h e r A c t i o n s P u r s u a n t t o S e c t i o n s 25 and 2 5 ( a ) of t h e F e d e r a l Rese rve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t he Bank Hold ing Company Act of 1956, a s amended

P h i l a d e l p h i a P r o v i d e n t I n t e r n a t i o n a l C o r p o r a t i o n , P h i l a d e l p h i a , Penn-s y l v a n i a : r e q u e s t s p e r m i s s i o n t o amend P I C ' s A r t i c l e s of A s s o c i a t i o n i n o r d e r f o r i t to r e l o c a t e i t s home o f f i c e from P h i l a d e l p h i a , P e n n s y l v a n i a t o Wi lming ton , D e l a w a r e .

San S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a : p r i o r F r a n c i s c o n o t i f i c a t i o n of i t s i n t e n t t o make i n i t i a l d i r e c t and i n -

d i r e c t i n v e s t m e n t s i n up to t h r e e f i n a n c e s u b s i d i a r i e s , S e c u r i t y P a c i f i c O v e r s e a s F i n a n c e N . V . , S e c u r i t y P a c i f i c I n t e r n a t i o n a l F inance B.V. and S e c u r i t y P a c i f i c I n t e r -n a t i o n a l F i n a n c e N.V.

2 / A p p l i c a t i o n s u b j e c t t o Community Re inves tmen t A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e Rese rve Bank may be c o n t a c t e d as t o t he l e n g t h of t h e comment p e r i o d .

New York

Richmond

Richmond

Chicago



H.2 , 1981 No. 28 - 15 -

APPLICATIONS RECEIVED-Continued

To E s t a b l i s h an Overseas Branch of a Member Bank P u r s u a n t t o S e c t i o n 25 of t h e F e d e r a l Reserve Act

A t l a n t a F i r s t N a t i o n a l Bank i n Palm Beach, Palm Beach, F l o r i d a : r e q u e s t s c o n s e n t t o e s t a b l i s h a b ranch in N a s s a u , t h e Bahamas.

San Wel ls F a r g o Bank, N . A . , San F r a n c i s c o , C a l i f o r n i a : p r i o r F r a n c i s c o n o t i f i c a t i o n of i n t e n t to e s t a b l i s h i t s i n i t i a l b r anch

i n Hong Kong, p u r s u a n t to S e c t i o n 2 1 1 . 3 of R e g u l a t i o n K.

* * * * *

New York

New York

C l e v e l a n d

A t l a n t a

A t l a n t a

A t l a n t a

To Form a Bank Hold ing Company P u r s u a n t to S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Hold ing Company Act of 1956

Broad N a t i o n a l B a n c o r p o r a t i o n , Newark, New J e r s e y , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of Broad N a t i o n a l Bank, Newark, New J e r s e y . 2/

North F o r k B a n c o r p o r a t i o n , I n c . , M a t t i t u c k , New York, f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of t h e s u c c e s s o r by merger to The Nor th Fork Bank and T r u s t Company, M a t t i t u c k , New York. 2J

F i r s t N a t i o n a l Bancorp , I n c o r p o r a t e d , Miamisburg , Oh io , f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank, Miamisburg , Ohio . 2/

F i r s t N a t i o n a l F i n a n c i a l C o r p . , A t h e n s , G e o r g i a , f o r ap -p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank of A t h e n s , A t h e n s , G e o r g i a . 2]

Lake Area B a n c s h a r e s , I n c . , Hawthorne, F l o r i d a , fo r ap -p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s ( 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 Lake Area S t a t e Bank, Hawthorne , F l o r i d a . 2j

Twin C i t i e s F i n a n c i a l S e r v i c e s , I n c . , M a r y v i l l e , T e n n e s s e e , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of C i t i z e n s Bank of B loun t County, M a r y v i l l e , T e n n e s s e e . 2/

2 / A p p l i c a t i o n s u b j e c t t o Community Re inves tmen t A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e Rese rve Bank may be c o n t a c t e d as t o t he l e n g t h of t he comment p e r i o d .


H.2 , 1981 No. 28 — 1 6 —


Chicago

Chicago

Chicago

Chicago

S t . L o u i s

M i n n e a p o l i s

Kansas C i t y

Kansas C i t y

Kansas C i t y


Brooklyn B a n k s h a r e s , I n c . , Brook lyn , W i s c o n s i n , f o r ap-p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of Brooklyn S t a t e Bank, Brook lyn , W i s c o n s i n . 2j

CTS B a n c o r p o r a t i o n , E l d r i d g e , Iowa, f o r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t he v o t i n g s h a r e s of C e n t r a l T r u s t and Sav ings Bank, E l d r i d g e , Iowa. 2/

L y t t o n B a n c o r p o r a t i o n , L y t t o n , Iowa, f o r app rova l to a c q u i r e a t l e a s t 9 8 . 8 p e r c e n t of t h e v o t i n g s h a r e s of Lyt t on Sav ings Bank, Lyt t o n , Iowa. 2]

S h e r i d a n Banco rp , I n c . , S h e r i d a n , I l l i n o i s , fo r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of S h e r i d a n S t a t e Bank, S h e r i d a n , I l l i n o i s . 2 /

C i t i z e n s Bancorp , I n c . , Glasgow, Kentucky, f o r a p p r o v a l t o a c q u i r e a t l e a s t 81 .12 p e r c e n t of t h e v o t i n g s h a r e s of C i t i z e n s Bank and T r u s t Company, Glasgow, Kentucky. 2/

Deer Lodge Hold ing Company, B u t t e , Montana, f o r app rova l t o a c q u i r e 90 .057 p e r c e n t of t h e v o t i n g s h a r e s of Deer Lodge Bank and T r u s t Company, Deer Lodge, Montana. 7 j

F i r s t S t a t e F i n a n c i a l C o r p o r a t i o n , La rned , Kansas , fo r ap -p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t he v o t i n g s h a r e s of The F i r s t S t a t e Bank & T r u s t Company of L a r n e d , L a r n e d , Kansas . 2j

Lawton F i n a n c i a l C o r p . , Lawton, Oklahoma, fo r a p p r o v a l t o a c q u i r e a t l e a s t 80 p e r c e n t of t he v o t i n g s h a r e s of C i t i z e n s Bank, Lawton, Oklahoma. 2j

Rupp B a n c s h a r e s , I n c . , Hays , K a n s a s , f o r a p p r o v a l t o a c q u i r e a t l e a s t 8 7 . 5 p e r c e n t of t h e v o t i n g s h a r e s of The Farmers N a t i o n a l Bank of V i c t o r i a , V i c t o r i a , Kansas . 2 /

Puget Sound Bancorp , Tacoma, Wash ing ton , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o Puget Sound N a t i o n a l Bank, Tacoma, Wash ing ton . 2/

2/ A p p l i c a t i o n s u b j e c t t o Community R e s i n v e s t m e n t A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e Rese rve Bank may be c o n t a c t e d as t o t he l e n g t h of t h e comment p e r i o d .

I


H . 2 , 1981 No. 28 - 17 -


San SC Bancorp , Downey, C a l i f o r n i a , f o r a p p r o v a l t o a c q u i r e F r a n c i s c o 100 p e r c e n t of t h e v o t i n g s h a r e s of Bank of Downey,

Downey, C a l i f o r n i a . 2/

* * * * * •

To Expand a Bank Hold ing Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 3 ) of t h e Bank H o l d i n g Company Act of 1956

New York Un i t ed Bank C o r p o r a t i o n of New York, A l b a n y , New York, f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merger t o The Rondout N a t i o n a l Bank, K i n g s t o n , New York. 2J

A t l a n t a American B a n c s h a r e s of Houma, I n c . , Houma, L o u i s i a n a , f o r a p p r o v a l t o a c q u i r e an a d d i t i o n a l 6 4 . 5 p e r c e n t of t he v o t i n g s h a r e s of American Bank & T r u s t Company of Houma, Houma, L o u i s i a n a . 7J

Chicago S e c u r i t y N a t i o n a l C o r p o r a t i o n , Sioux C i t y , Iowa, f o r a p -p r o v a l t o a c q u i r e 97 p e r c e n t of the v o t i n g s h a r e s of F i r s t N a t i o n a l Bank of Akron, Akron, Iowa. 2J

S t . L o u i s Union P l a n t e r s C o r p o r a t i o n , Memphis, T e n n e s s e e , f o r ap -p r o v a l t o a c q u i r e a t l e a s t 95 p e r c e n t of t h e v o t i n g s h a r e s of Union P l a n t e r s N a s h v i l l e , N a s h v i l l e , T e n n e s s e e , a p roposed new bank . 2 /

M i n n e a p o l i s N a t i o n a l C i t y B a n c o r p o r a t i o n , M i n n e a p o l i s , M i n n e s o t a , f o r a p p r o v a l t o a c q u i r e 85 p e r c e n t of t h e v o t i n g s h a r e s of N a t i o n a l C i t y Bank of R i d g e d a l e , Minne tonka , M i n n e s o t a . 2/

D a l l a s

D a l l a s

F i r s t I n t e r n a t i o n a l B a n c s h a r e s , I n c . , D a l l a s , T e x a s , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s ( e x c e p t 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 F i r s t N a t i o n a l Bank i n Mount P l e a s a n t , Mount P l e a s a n t , T e x a s . 2 /

F i r s t I n t e r n a t i o n a l B a n c s h a r e s , I n c . , D a l l a s , T e x a s , , f o r a p p r o v a l t o a c q u i r e 100 p e r c e n t of t h e v o t i n g s h a r e s ( e x c e p t e 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 P a r i s Bank of T e x a s , P a r i s , T e x a s . 2 /

2 / A p p l i c a t i o n s u b j e c t t o Community Re inves tmen t A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as t o the l e n g t h of t h e comment p e r i o d .


H . 2 , 1981 No. 28 - 1 8 -


To Expand a Bank Hold ing Company P u r s u a n t to S e c t i o n 3 ( a ) ( 5 ) of t h e Bank Hold ing Company Act of 1956

A t l a n t a F l o r i d a N a t i o n a l Banks of F l o r i d a , I n c . , J a c k s o n v i l l e , F l o r i d a , fo r a p p r o v a l t o merge wi th A l l i a n c e C o r p o r a -t i o n , J a c k s o n v i l l e , F l o r i d a and i n d i r e c t l y a c q u i r e a t l e a s t 9 9 . 6 pe r cen t of t h e v o t i n g s h a r e s of J a c k s o n v i l l e N a t i o n a l Bank, J a c k s o n v i l l e , F l o r i d a . 2 j

A t l a n t a G u l f s t r e a m Banks , I n c . , Boca Ra ton , F l o r i d a , fo r a p p r o v a l t o merge w i t h Summit Banking C o r p o r a t i o n , Tamarac , F l o r i d a and i n d i r e c t l y a c q u i r e Summit Bank, Tamarac, F l o r i d a . 2/

* * * * *

To Expand a Bank Holding Company P u r s u a n t to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Ho ld ing Company Act of 1956

New York The Chase Manhat tan C o r p o r a t i o n , New York , New York, r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de^ novo o f f i c e e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s (making or a c q u i r -ing f o r i t s own account and f o r t he accoun t of o t h e r s , s ecu red l o a n s and o t h e r e x t e n s i o n s of c r e d i t i n c l u d i n g , but not l i m i t e d t o , consumer and b u s i n e s s l i n e s of c r e d i t , i n s t a l l m e n t l o a n s f o r p e r s o n a l , househo ld and b u s i n e s s p u r p o s e s , s e r v i c i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; t h e s a l e of t r a v e l e r s checks a t r e t a i l ; and a c t i n g a s i n s u r a n c e agen t f o r c r e d i t l i f e , d i s a b i l i t y and p r o p e r t y i n s u r a n c e d i r e c t l y r e l a t e d t o such l e n d i n g and s e r v i c i n g a c t i v i t i e s ) a t 4313 La J o l l a V i l l a g e D r i v e , San Diego , C a l i f o r n i a , s e r v i n g t h e S t a t e of C a l i f o r n i a , t h rough i t s s u b s i d i a r y , Chase Manha t t an F i n a n c i a l S e r -v i c e s , I n c . ( 7 / 6 / 8 1 )

New York The Chase Manha t t an C o r p o r a t i o n , New York, New York, r e q u e s t s p e r m i s s i o n t o e s t a b l i s h a de novo o f f i c e engag ing i n t h e f o l l o w i n g a c t i v i t i e s (making or a c q u i r -i n g , f o r i t s own account o r f o r t h e account of o t h e r s , l oans and o t h e r e x t e n s i o n s of c r e d i t such as would be made by a commerc ia l f i n a n c e , equipment f i n a n c e or f a c t o r i n g company, i n c l u d i n g f a c t o r i n g a c c o u n t s r e c e i v a b l e , making advances and o v e r - a d v a n c e s on r e c e i v a b l e s and i n v e n t o r y and b u s i n e s s i n s t a l l m e n t l e n d i n g a s w e l l as unsecu red commercia l l o a n s ; s e r v i c i n g

2 / A p p l i c a t i o n s u b j e c t t o Community Re inves tmen t A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e Rese rve Bank may be c o n t a c t e d as t o t h e l e n g t h of t he comment p e r i o d .


H . 2 , 1981 No. 28 - 19 -


l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; l e a s i n g on a f u l l payout b a s i s p e r s o n a l p r o p e r t y or a c t i n g as a g e n t , b r o k e r or a d v i s e r i n l e a s i n g such p r o p e r t y , i n c l u d i n g t h e l e a s -i n g of motor v e h i c l e s ) a t 5445 Mar ine r S t r e e t , Tampa, F l o r i d a , t h r o u g h i t s s u b s i d i a r y , Chase Commercial Corpora -t i o n ( 7 / 8 / 8 1 )

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand t h e s e r v i c e a r e a s of e x i s t i n g o f f i c e s e n g a g i n g in t h e f o l -lowing a c t i v i t i e s (making or a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t , s ecu red o r u n s e c u r e d , fo r consumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n of l o a n s to d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and work ing c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own accoun t of s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n t h e ca se of s i n g l e payment l o a n s ) te rm l i f e i n s u r a n c e by l i c e n s e d a g e n t s o r b r o k e r s , a s r e q u i r e d ; t h e s a l e of 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 -ance p r o t e c t i n g r e a l and p e r s o n 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 ag reement w i t h C i t i c o r p P e r s o n - 1 o - P e r s o n F i -n a n c i a l C e n t e r , I n c . , t o t he e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e s a l e a t r e t a i l of money o r d e r s , t r a v e l e r s c h e c k s , U .S . s a v i n g s bonds and consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; and t h e s e r v i c i n g , f o r any p e r s o n , of l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; t h e p r e v i o u s l y approved s e r v i c e a r e a f o r bo th o f f i c e s , compr ised of t h e e n t i r e S t a t e of V i r g i n i a f o r a l l of t h e a f o r e m e n t i o n e d a c t i v i t i e s e x c e p t t h e s a l e of 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 , s h a l l be t h e same f o r t h a t a c t i v i t y as w e l l ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e may b e w r i t t e n by Family Guard ian L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ) a t 101 Buford Road, Richmond, V i r g i n i a and 5718 E. V i r g i n i a Beach B o u l e v a r d , N o r f o l k , V i r g i n i a , t h r o u g h i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ( 7 / 6 / 8 1 )

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n t o expand t h e a c t i v i t i e s of e x i s t i n g o f f i c e s to i n c l u d e t h e f o l l o w -ing a c t i v i t i e s (making , 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 accoun t and f o r t h e accoun t of o t h e r s , e x t e n s i o n s of c r e d i t s ecu red by l i e n s on r e s i d e n t i a l r e a l e s t a t e ; p r e v i o u s l y approved a c t i v i t i e s of t h e s e o f f i c e s a r e t h e mak ing , a c q u i r i n g and s e r v i c i n g of e x t e n s i o n s of c r e d i t s e c u r e d by second l i e n s on r e s i d e n t i a l r e a l e s t a t e ; t h e p r e v i o u s l y approved s e r v i c e a r e a s of t he o f f i c e s , compr ised


# H . 2 , 1981 No. 28 - 20 -


of t he e n t i r e S t a t e of C a l i f o r n i a , would be the same f o r t h e new a c t i v i t i e s ) a t 6772-A Magnol ia Avenue, R i v e r s i d e , C a l i f o r n i a and Van Nuys C e n t e r B u i l d i n g , 5430 Van Nuys B o u l e v a r d , S u i t e 204, Van Nuys, C a l i f o r n i a , th rough 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 . ( 7 / 6 / 8 1 )

New York C i t i c o r p , New York, New York , r e q u e s t s p e r m i s s i o n to expand t h e a c t i v i t i e s of f ou r e x i s t i n g o f f i c e s and t o expand t h e s e r v i c e a r e a s of t h r e e of t h e s e o f f i c e s to i n c l u d e t h e f o l l o w i n g a c t i v i t i e s (making, 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 accoun t and f o r t h e accoun t of o t h e r s , of e x t e n -s i o n s of c r e d i t s ecured by l i e n s on r e s i d e n t i a l r e a l e s t a t e ; t h e p r e v i o u s l y approved a c t i v i t i e s of t h e o f f i c e s i n c l u d e the o r i g i n a t i n g ; f o r i t s own account and t h e account of o t h e r s , of o n e - t o - f o u r f a m i l y r e s i d e n t i a l mortgage l o a n s ; t h e Denver o f f i c e a l s o engages in t h e making , a c q u i r i n g and s e r v i c i n g of e x t e n s i o n s of c r e d i t secured by second l i e n s on r e s i d e n t i a l r e a l e s t a t e ; t h e s e r v i c e a r e a would be expanded as f o l l o w s : Denver , Co lo rado to i n c l u d e a l l of C o l o r a d o , C a l i f o r n i a , Wash ing ton , Oregon , A r i z o n a , U tah , I d a h o , Nevada, Montana, Wyoming and Texas ; A t l a n t a , Georg ia t o i n c l u d e South C a r o l i n a , F l o r i d a , D i s t r i c t of Columbia , V i r g i n i a , Maryland and New J e r s e y ; and D a l l a s , Texas t o i n c l u d e New Mexico, Oklahoma, A r k a n s a s , L o u i s i a n a , Nor th Dako ta , South Dakota , Kansas , Nebraska and Co lo rado) a t One Tarmarac S q u a r e , 7555 Eas t Hampden Avenue, Denver , Co lo rado ; 219 P e r i m e t e r C e n t e r Parkway, S u i t e 100, A t l a n t a , G e o r g i a ; Regency C e n t e r I I , 5501 LBJ Freeway, S u i t e 123, D a l l a s , T e x a s ; and 7535 L i t t l e River T u r n p i k e , S u i t e 320, Annada l e , V i r g i n i a , t h r o u g h 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 . ( 7 / 6 / 8 1 )

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand t h e a c t i v i t i e s of an e x i s t i n g o f f i c e to i n c l u d e t h e f o l l o w -ing a c t i v i t i e s ( p r e v i o u s l y approved a c t i v i t i e s : t h e making or a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t , s ecu red or u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; t h e e x t e n -s i o n of l o a n s t o d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e p u r c h a s -i n g and s e r v i c i n g f o r i t s own accoun t of s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n t h e case of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s o r b r o k e r s , as r e q u i r e d ; t h e making of l o a n s to i n d i v i d u a l s and b u s i n e s s e s t o f i n a n c e the pu rchase of mob i l e homes, modular u n i t s or r e l a t e d m a n u f a c t u r e d h o u s i n g , t o g e t h e r w i t h the r e a l p r o p e r t y t o which such hous ing i s or w i l l be p e r m a n e n t l y a f f i x e d , such p r o p e r t y b e i n g used as s e c u r i t y f o r t he l o a n s ; and t h e s e r v i c i n g f o r any p e r s o n , of l o a n s

1


H . 2 , 1981 No. 28 - 2 1 -

APPLICATIONS RECEIVED-Cont inued

and o t h e r e x t e n s i o n s of c r e d i t ; t h e new a c t i v i t y in which t h e o f f i c e p roposes to engage de novo i s : t h e s a l e of 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 p r o t e c t i n g r e a l and p e r s o n 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 agreement w i t h C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . , t o t h e e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e p r e v i o u s l y approved s e r v i c e a r e a of t h e o f f i c e , compr ised of t h e e n t i r e S t a t e of South C a r o l i n a , would be the same f o r the new a c t i v i t y ; c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r a n c e may be w r i t t e n by Fami ly Guard ian L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ) . a t Dutch P l a z a , 800 Dutch Square B o u l e v a r d , S u i t e 100, Columbia , South C a r o l i n a , t h rough i t s s u b s i d i a r y , C i t i c o r p P e r s o n -t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ( 7 / 1 0 / 8 1 )

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand t h e a c t i v i t i e s of an e x i s t i n g o f f i c e to i n c l u d e the f o l l o w -i n g a c t i v i t i e s ( p r e v i o u s l y approved a c t i v i t i e s : t h e p u r -c h a s i n g and s e r v i c i n g f o r i t s own account of s a l e s f i n a n c e c o n t r a c t s ; t h e e x t e n s i o n s of l o a n s t o d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n the case of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , a s r e q u i r e d ; t h e making of l o a n s to i n d i v i d u a l s and b u s i n e s s e s t o f i n a n c e t h e p u r c h a s e of mobi le homes, modular u n i t s o r r e l a t e d manufac tu r ed h o u s i n g , t o g e t h e r wi th t h e r e a l p r o p e r t y t o which such h o u s i n g i s o r w i l l be p e r m a n e n t l y a f f i x e d , such p r o p e r t y b e i n g used as s e c u r i t y f o r t h e l o a n s ; and t h e s e r v i c i n g , fo r any p e r s o n , of l o a n s and o t h e r e x t e n s i o n s of c r e d i t ; t h e new a c t i v i t y i n which t h e o f f i c e p ropose s to engage i s : t h e s a l e of 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 p r o t e c t i n g r e a l and p e r s o n 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 agreement w i t h C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . , t o t h e e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e p r e v i o u s l y approved s e r v i c e a r e a of t h e o f f i c e , compr i sed of t h e e n t i r e S t a t e of North C a r o l i n a , would be t h e same f o r the new a c t i v i t y ; c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r a n c e may be w r i t t e n by Fami ly Gua rd i an L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ) a t 4915 Waters Edge D r i v e , R a l e i g h , Nor th C a r o l i n a , t h rough i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ( 7 / 1 0 / 8 1 )


H.2 , 1981 No. 28 - 22 -


New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand t h e s e r v i c e a r e a of an e x i s t i n g o f f i c e e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g of l oans and o t h e r e x t e n s i o n s of c r e d i t , s ecured or unsecu red for c o n -sumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n s of l o a n s to d e a l e r s fo r t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t he p u r c h a s i n g and s e r -v i c i n g for i t s own account of s a l e s f i n a n c e c o n t r a c t s ; the s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n t h e case of s i n g l e payment l oans ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ; t h e s a l e of 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 p r o t e c t i n g r e a l and p e r s o n 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 agreement wi th C i t i c o r p P e r s o n - t o -Person F i n a n c i a l C e n t e r , t o the e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e mak-ing of loans to i n d i v i d u a l s and b u s i n e s s e s to f i n a n c e the pu rchase of mobi le homes, modular u n i t s or r e l a t e d manufac tu red h o u s i n g , t o g e t h e r w i t h the r e a l p r o p e r t y t o which such h o u s i n g i s o r w i l l be pe rmanen t ly a f f i x e d , such p r o p e r t y b e i n g used as s e c u r i t y f o r the l o a n s ; and t he s e r v i c i n g , fo r any p e r s o n , of l oans and o t h e r e x t e n s i o n s of c r e d i t ; t he p r e v i o u s l y approved s e r v i c e a r e a of the o f f i c e , comprised of t h e e n t i r e S t a t e s of U t a h , Ar i zona and Wyoming f o r a l l t he above a c t i v i t i e s excep t the s a l e of 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 whose s e r v i c e a r e a i s Utah and Ar i zona would be expanded to i n c l u d e t he e n t i r e S t a t e of Wyoming fo r t h a t a c t i v i t y as w e l l ; c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r -ance may be w r i t t e n by Family Guard ian L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i -n a n c i a l C e n t e r ) a t 3828 South Main , S u i t e 201 , S a l t Lake C i t y , U tah , t h r o u g h i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o -Person F i n a n c i a l C e n t e r ( 7 / 1 0 / 8 1 )

New York Deutsche Bank AG, F r a n k f u r t , Germany, r e q u e s t s p e r m i s s i o n to expand t he a c t i v i t i e s of an e x i s t i n g o f f i c e to i n c l u d e t he f o l l o w i n g a c t i v i t i e s ( p e r f o r m i n g i n c i d e n t a l s e c u r i t i e s c u s t o d i a l s e r v i c e s f o r a l i m i t e d group of A t l a n t i c C a p i t a l C o r p o r a t i o n ' s b r o k e r a g e c l i e n t s , p r i m a r i l y f o r e i g n f i -n a n c i a l i n s t i t u t i o n s do ing b u s i n e s s in t h e Uni ted S t a t e s w i t h i t s U.S. s u b s i d i a r y ) a t 40 Wall S t r e e t , New York, New York, th rough i t s s u b s i d i a r y , A t l a n t i c C a p i t a l Cor -p o r a t i o n ( 7 / 9 / 8 1 )

P h i l a d e l p h i a P r o v i d e n t N a t i o n a l C o r p o r a t i o n , P h i l a d e l p h i a , P e n n s y l v a n i a , fo r a p p r o v a l to a c q u i r e L . S . C o n s u l t i n g Corp . d / b / a L i t t l e -wood, Sha in & Company, Wayne, P e n n s y l v a n i a .

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

H . 2 , 1981 No. 28 - 2 3 -

APPLICATIONS RECEIVED-Coatinued

C l e v e l a n d Mel lon N a t i o n a l C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , no -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 (com-m e r c i a l l e n d i n g i n c l u d i n g a c c o u n t s r e c e i v a b l e and i n v e n t o r y f i n a n c e and l e a s i n g a c t i v i t i e s ) a t 1415 West 32nd S t r e e t , Oak Brook , I l l i n o i s , s e r v i n g t h e S t a t e s of I l l i n o i s , W i s c o n s i n , I n d i a n a , M i c h i g a n , Oh io , P e n n s y l v a n i a , West V i r g i n i a , Kentucky , M i s s o u r i and New J e r s e y , t h r o u g h i t s s u b s i d i a r y , Freedom 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 ( 7 / 6 / 8 1 )

Chicago I r w i n Union C o r p o r a t i o n , Columbus, I n d i a n a , 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 (mor tgage company b u s i n e s s , i n c l u d i n g t h e o r i g i n a t i o n of f i r s t mor tgage loans on s i n g l e f a m i l y r e s i d e n c e s s second mortgage l o a n s , m u l t i -f a m i l y mor tgage loans and commercial mor tgage l o a n s ) a t an o f f i c e i n Tampa, F l o r i d a and a t S u i t e 2 0 1 , Oakwood E x e c u t i v e C e n t r e , 414 P l a z a D r i v e , Westmont, I l l i n o i s ; S u i t e 101, 4710 Auth P l a c e , Camp S p r i n g s , M a r y l a n d ; S u i t e 808, 5900 P r i n c e s s Garden Parkway, Lanham, Mary land ; 14527 J e f f e r s o n Davis Highway, Woodbridge, V i r g i n i a , t h rough i t s s u b s i d i a r y , I n l a n d Mortgage C o r p o r a t i o n ( 6 / 3 0 / 8 1 )

Ch icago M i d - C o n t i n e n t a l B a n c o r p o r a t i o n , I n c . , Milwaukee, W i s c o n s i n , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n t h e s a l e of i n s u r a n c e d i r e c t l y r e l a t e d to 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 c r e d i t l i f e , mor tgage l i f e , mor tgage d i s a b i l i t y , a u t o m o b i l e , homeowners, unemployment and l o s s of income i n s u r a n c e ) a t 3315 West V i l l a r d Avenue, Milwaukee; 131 West Layton Avenue, Mi lwaukee; 7600 West Hampton Avenue, Milwaukee; and 735 West W i s c o n s i n , Milwaukee, a l l l o c a t e d i n W i s c o n s i n , s e r v i n g t h e m e t r o p o l i t a n Milwaukee a r e a , t h rough i t s s u b s i d i a r y , C o n t i n e n t a l Banks I n s u r a n c e S e r v i c e s , I n c . ( 7 / 3 / 8 1 )

Chicago Packwood F i n a n c i a l , I n c . , Packwood, Iowa, f o r a p p r o v a l t o merge w i t h Bakorp , I n c . , M a n h a t t a n , Kansas and to engage i n l e a s i n g p e r s o n a l p r o p e r t y and g e n e r a l i n s u r a n c e th rough t h e p u r c h a s e o f Wi l l i ams -Newl in I n s u r a n c e Agency, Packwood, Iowa.

Kansas C i t y Omaha N a t i o n a l C o r p o r a t i o n , Omaha, N e b r a s k a , t o expand t h e mor tgage b a n k i n g a c t i v i t i e s of i t s whol ly-owned s u b s i d i a r y , R e a l b a n c , I n c . , Omaha, N e b r a s k a , t o a de novo o f f i c e t o be l o c a t e d i n Oklahoma C i t y , Oklahoma; t h e g e o g r a p h i c a r e a t o be s e r v e d by t h i s new b ranch o f f i c e w i l l i n c l u d e t h e S t a t e of Oklahoma ( 7 / 1 0 / 8 1


# H . 2 , 1981 No. 28 - 24 -


Dal l a s



F i r s t C i t y B a n c o r p o r a t i o n of T e x a s , I n c . , H o u s t o n , T e x a s , fo r a p p r o v a l t o a c q u i r e Thompson Tuckman Ander son , I n c . , P a l o A l t o , C a l i f o r n i a and t h e r e b y a c t as i nves tmen t or f i n a n c i a l a d v i s o r t o i n d i v i d u a l s a t o f f i c e s i n Hous ton .

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 t o engage i n de novo a c t i v i t i e s (mak-ing or a c q u i r i n g f o r i t s own accoun t l oans and o t h e r ex-t e n s i o n s of c r e d i t such as would be made or a c q u i r e d by a f i n a n c e company, s e r v i c i n g loans and o t h e r e x t e n s i o n s of c r e d i t and o f f e r i n g c r e d i t r e l a t e d l i f e , c r e d i t r e l a t e d a c c i d e n t and h e a l t h and c r e d i t r e l a t e d p r o p e r t y i n s u r a n c e ; such a c t i v i t i e s w i l l i n c l u d e , but no t be l i m i t e d t o , mak-ing consumer i n s t a l l m e n t l o a n s ; p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s ; making l o a n s and o t h e r e x t e n s i o n s of c r e d i t to s m a l l b u s i n e s s e s ; making loans and o t h e r e x t e n s i o n s of c r e d i t s ecu red by r e a l and p e r s o n a l p rop-e r t y ; and o f f e r i n g c r e d i t r e l a t e d l i f e , c r e d i t r e l a t e d a c c i d e n t and h e a l t h and c r e d i t r e l a t e d p r o p e r t y i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or a c q u i r e d by F inanceAmer ica Consumer D i s c o u n t Company) a t Whi t epa in Shopping C e n t e r , 1500 DeKalb P i k e , U .S . 202, N o r r i s t o w n , P e n n s y l v a n i a , s e r v i n g t h e e n t i r e S t a t e of P e n n s y l v a n i a , t h rough i t s i n d i r e c t s u b s i d i a r y , F inanceAmer ica Consumer D i scoun t Company ( a P e n n s y l v a n i a C o r p o r a t i o n ) ( 7 / 7 / 8 1 )

I m p e r i a l Bancorp , I ng l ewood , 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 t o engage i n de novo a c t i v i t i e s ( p r o v i d i n g b o o k -keep ing or d a t a p r o c e s s i n g s e r v i c e s and s t o r i n g and p r o c e s s i n g o t h e r b a n k i n g , f i n a n c i a l , o r r e l a t e d economic d a t a and management c o n s u l t i n g a d v i c e t o n o n a f f i l i a t e d banks ; t h e company w i l l be s u b s t a n t i a l l y owned and c o n -t r o l l e d by a whol ly-owned s u b s i d i a r y of I m p e r i a l Bancorp , I m p e r i a l Data R e s o u r c e s , I n c . ( " IDR") ; i n a d d i t i o n , IDR w i l l o p e r a t e a w h o l l y owned s u b s i d i a r y , I m p e r i a l Data Resou rces S e r v i c e s , I n c . ("IDR S e r v i c e s " ) which w i l l p r o v i d e s e r v i c e s t o o r p e r f o r m s e r v i c e s f o r I m p e r i a l Bancorp and i t s s u b s i d i a r i e s a s w e l l as p r o v i d i n g b o o k -k e e p i n g or d a t a p r o c e s s i n g s e r v i c e s and s t o r i n g and p r o c e s s i n g o t h e r b a n k i n g , f i n a n c i a l or r e l a t e d economic d a t a ) IDR's a c t i v i t i e s a r e h e a d q u a r t e r e d and t h e e x e c u t i v e o f f i c e s a r e l o c a t e d a t 9920 So. La Cienega B o u l e v a r d , Ing lewood , C a l i f o r n i a ; IDR-VA's a c t i v i t i e s w i l l be c o n d u c t e d t h r o u g h o u t t h e S t a t e of V i r g i n i a f rom an o f f i c e l o c a t e d a t 9607 Gayton Road, Richmond, V i r g i n i a and IDR S e r v i c e s w i l l conduc t i t s a c t i v i t i e s t h r o u g h o u t t h e S t a t e of C a l i f o r n i a from an o f f i c e l o c a t e d a t 11407 South Western Avenue, Los A n g e l e s , C a l i f o r n i a , th rough a second t i e r s u b s i d i a r y , I m p e r i a l Data R e s o u r c e s - V i r g i n i a , I n c . ( t h e "IDR-VA.") ( 7 / 6 / 8 1 )


H.2, 1981 No. 28 - 25 -

APPLICATIONS RECEIVED-Cont inued

San Puget Sound Bancorp, Tacoma, Washington, for approval to Francisco acquire two nonbank s u b s i d i a r i e s of Bank, Telecheck

Washington, Inc . and Check Services Northwest, Inc .

San Securi ty P a c i f i c Corporation, Los Angeles, C a l i f o r n i a , Francisco n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s

(making or acquiring for i t s own account or for the account of o thers , loans and extensions of c r e d i t , i n -c luding making consumer insta l lment personal loans , purchasing consumer instal lment sa l e s f inance contrac t s , making loans to small bus inesses and other extens ions

- of c r e d i t such as would be made by a factor ing company or a consumer f inance company) at 990 Washington S t r e e t , Dedham, Massachusetts, serving the State of Massachusetts , through i t s subs id iary , Security P a c i f i c Finance Corp. ( 7 / 7 / 8 1 )

San Security P a c i f i c Corporation, Los Angeles , C a l i f o r n i a , Francisco n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s

(making, acquiring and serv ic ing loans and other exten-s ions of c r e d i t ; s e l l i n g and i s s u i n g investment c e r t i f -i c a t e s ; and acting as agent for the sa le of c r e d i t re-lated l i f e , cred i t r e la t ed accident and health and cred i t re la ted property insurance, a l l as authorized by C a l i -fornia law) in the c i t y of Encino, C a l i f o r n i a , serving the Sta te of C a l i f o r n i a , through i t s subs id iary , Security P a c i f i c Finance Money Center Inc. ( 7 / 7 / 8 1 )

* * * * *

None.

REPORTS RECEIVED

* * * * *

PETITIONS FOR RULEMAKING

None.


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