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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1980 No. 41) Actions of the Board; Applications and Reports Received During the Week Ending October 11, 1980 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Consumer Advisory Council meetings, October 30-31, 1980. Regulation J, subpart A and subpart B, the Board adopted a clarification and simplification of i t s Regulation J, which deals with Reserve Bank procedures for check collection and wire transfer of funds. Citicorp, New York, New York, letter regarding proposed activities to be conducted in the Washington, D.C. and Baltimore, Maryland, metropolitan areas by Citicorp Financial, Inc., a credit card subsidiary of Citicorp. General Accounting Office Report entitled "Internal Auditing Can be Strengthened in the Federal Reserve System", letter sent to Chairman William Proxmire, Senate Banking Committee, enclosing a copy of the Board's response to the Report. Kansas City Central Colorado Company, Denver, Colorado, extension of time to December 31, 1980, within which to consummate the acqui- sition of Central Bancorporation, Denver, Colorado, a registered bank holding company. 1/ Atlanta Manufacturers Bancshares, Inc., Miami, Florida, extension of time to November 15,1980, within which to consummate the acquisition of Manufactureres National Bank, Hialeah, Florida. 1/ Kansas City Midland Financial Corporation, Casper, Wyoming, extension of time to January 11, 1981, within which to consummate the acquisition of Mountain Plaza National Bank, Casper, Wyoming. 1/ Kansas City Jackson State Bank, Jackson, Wyoming, to invest in bank premises. 1/ T7 Application processed on behalf of the Board of Governors under delegated authority. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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  • ANNOUNCEMENT BY

    BOARD OF GOVERNORS OF THE

    FEDERAL RESERVE SYSTEM (H.2 , 1980 No. 41)

    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

    Rece ived Dur ing t h e Week Ending Oc tober 11, 1980 APPLICABLE

    RESERVE BANK ACTIONS OF THE BOARD

    Consumer Adv i so ry Counc i l m e e t i n g s , October 3 0 - 3 1 , 1980.

    R e g u l a t i o n J , s u b p a r t A and s u b p a r t B, t h e Board adopted a c l a r i f i c a t i o n and s i m p l i f i c a t i o n of i t s R e g u l a t i o n J , which d e a l s w i t h Reserve Bank p rocedures f o r check c o l l e c t i o n and wire t r a n s f e r of f u n d s .

    C i t i c o r p , New York, New York, l e t t e r r e g a r d i n g proposed a c t i v i t i e s to be conduc ted i n t h e Washington , D.C. and B a l t i m o r e , Maryland, m e t r o p o l i t a n a r e a s by C i t i c o r p F i n a n c i a l , I n c . , a c r e d i t c a r d s u b s i d i a r y of C i t i c o r p .

    G e n e r a l Account ing O f f i c e Report e n t i t l e d " I n t e r n a l Aud i t i ng Can be S t r e n g t h e n e d i n t h e F e d e r a l Reserve Sys tem", l e t t e r s e n t to Chairman Wi l l i am P r o x m i r e , S e n a t e Banking Committee, e n c l o s i n g a copy of t h e B o a r d ' s r e sponse to t h e R e p o r t .

    Kansas C i t y C e n t r a l Colorado Company, Denver , Co lo rado , e x t e n s i o n of t ime t o December 31, 1980, w i t h i n which to consummate t h e a c q u i -s i t i o n of C e n t r a l B a n c o r p o r a t i o n , Denver , Co lo rado , a r e g i s t e r e d bank ho ld ing company. 1 /

    A t l a n t a M a n u f a c t u r e r s B a n c s h a r e s , I n c . , Miami, F l o r i d a , e x t e n s i o n of t ime t o November 15 ,1980, w i t h i n which to consummate t h e a c q u i s i t i o n of M a n u f a c t u r e r e s N a t i o n a l Bank, H i a l e a h , F l o r i d a . 1/

    Kansas C i t y Midland F i n a n c i a l C o r p o r a t i o n , Caspe r , Wyoming, e x t e n s i o n of t ime t o J a n u a r y 11, 1981, w i t h i n which to consummate t h e a c q u i s i t i o n of Mountain P l a z a N a t i o n a l Bank, C a s p e r , Wyoming. 1/

    Kansas C i t y J a c k s o n S t a t e Bank, J a c k s o n , Wyoming, t o i n v e s t i n bank p r e m i s e s . 1/

    T7 A p p l i c a t i o n p r o c e s s e d on beha 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 .

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

  • H .2 , 1980 No. 41 2 -

    New York

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

    New York

    A t l a n t a

    San Francisco

    Richmond

    A t l a n t a

    San F r a n c i s c o

    Bos ton

    Chicago

    ACTIONS OF THE BOARD-Continued

    Long I s l a n d T r u s t Company, Garden C i t y , New York, t o make an a d d i t i o n a l investment i n bank premises . 1/

    Orrstown Bank, Orrs town, Pennsy lvan ia , t o make an a d d i t i o n a l investment i n bank p remises . 1/

    S t a t e Bank of Albany, Albany, New York, e x t e n s i o n of time w i t h i n which to e s t a b l i s h a branch o f f i c e a t 1450 Western Avenue, Albany, New York. 1 /

    Sun Bank of Ocala , Ocala , F l o r i d a , to make an a d d i t i o n a l i n -vestment in bank p remises . 1 /

    BSD Merger Company, San Diego, C a l i f o r n i a , proposed merger wi th and i n t o the Bank of San Diego, C a l i f o r n i a ; r e p o r t to t he F e d e r a l Deposi t In su rance Corpora t ion on compet-i t i v e f a c t o r s . 1 /

    Cen t ra l Ca ro l i na Bank & T r u s t Company, Durham, North C a r o l i n a , proposed merger wi th Bur l ing ton Na t iona l Bank, Bur l i n g ton , North Ca ro l ina ; r e p o r t to the Fede ra l Deposi t Insurance Corpora t ion on compe t i t i ve f a c t o r s . 1J

    F u l t o n Na t iona l Bank of A t l a n t a , A t l a n t a , Georg ia , proposed merger with The Nor theas t Commercial Bank, D o r a v i l l e , Georgia; r e p o r t to the Comptro l le r of the Currency on compe t i t i ve f a c t o r s . 1/

    Independence Bank, Enc ino , C a l i f o r n i a , proposed merger wi th H a l i f a x F i n a n c i a l Hold ings , I n c . , Encino, C a l i f o r n i a ; r e p o r t to the Fede ra l Depos i t Insurance Corpora t ion on c o m p e t i t i v e f a c t o r s . V

    Nat iona l Bank of Newbury a t Wells R i v e r , Wells R i v e r , Vermont, 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 Wells R ive r Savings Bank, Wells R i v e r , Vermont; r e p o r t to t h e F e d e r a l Deposi t Insurance Corpora-t i o n on compe t i t ive f a c t o r s . 1/

    Peoples S t a t e Bank of S t . Jo seph , S a i n t Joseph, Michigan, p roposa l to merge w i th The F i r s t Nat iona l Bank of W a t e r v l i e t , Michigan, under the c h a r t e r and t i t l e of The Peoples S t a t e Bank of S t . Joseph , S a i n t Joseph , Michigan; r e p o r t to the F e d e r a l Deposi t Insurance Corpora t ion on compe t i t i ve f a c t o r s . 1/

    T7 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

  • H .2, 1980 No. 41 - 3 -

    ACTIONS OF THE BOARD-Continned

    San P l a c e r Bank, Rock l in , C a l i f o r n i a , proposed merger w i t h and F r a n c i s c o i n t o Bank of Alex Brown, Walnut Grove, C a l i f o r n i a ; r e p o r t

    to the Fede ra l Deposi t I n su rance Corpora t ion on compe t i t ive f a c t o r s . 1/

    A t l a n t a S t . P e t e r s b u r g Bank and T r u s t Company, S t . P e t e r s b u r g , F l o r i d a , proposed merger wi th Rutland Cen t r a l Bank, S t . P e t e r s b u r g , F l o r i d a and Cen t r a l P l aza Bank and Trus t Company, S t . P e t e r s b u r g , F l o r i d a ; r e p o r t to the Fede ra l Depos i t Insurance Corpora t ion on compet i t ive f a c t o r s . 1 /

    P h i l a d e l p h i a Suburban Bank, Eas t Nor r i ton Township, Pennsy lvan ia , proposed merger w i t h American Bank and T r u s t Co. of P a . , Reading, Pennsy lvan ia , under t he c h a r t e r and t i t l e of American Bank and T r u s t Co. of Pa . ; r e p o r t to the Federa l Deposi t I n s u r -ance Corpora t ion on c o m p e t i t i v e f a c t o r s . V

    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 .

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

  • H.2, 1980 No. 41 4

    ACTIONS OF THE BOARD-Contlnued

    To E s t a b l i s h a Domestic Branch Pursuant to Sec t i on 9 of t h e F e d e r a l Reserve Act

    Approved New York Long I s l a n d T r u s t Company, Garden C i t y , New York. Branch

    to be e s t a b l i s h e d a t the n o r t h e a s t co rne r of Adams Avenue and Cabot Cour t , Hauppauge, Smithtown, S u f f o l k County, New York. 1/ & 2 /

    New York Chemical Bank, New York, New York. Branch to be e s t a b l i s h e d a t Kismet Inn Marina Dock on F i r e I s l a n d , S u f f o l k County, New York. 1/ & 2 /

    P h i l a d e l p h i a Gi ra rd Bank, Bala Cynwyd, Pennsy lvan i a . To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y a t t h e Penn C e n t r a l S t a t i o n , Germantown and Evergreen Avenues, P h i l a d e l p h i a , Penn-s y l v a n i a . 1/ & 2 /

    P h i l a d e l p h i a Gi ra rd Bank, Bala Cynwyd, P e n n s y l v a n i a . To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y a t t he T h r i f t w a y Market , 4301 Walnut S t r e e t , P h i l a d e l p h i a , P e n n s y l v a n i a . I./ & 2 /

    P h i a l 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 a t Route 452 and M a r i a n v i l l e Road, As ton , Delaware County, Pennsy lvan i a . V& 2/

    Richmond The Peoples Bank of C h e s t e r f i e l d , C h e s t e r f i e l d , V i r g i n i a . Branch to be e s t a b l i s h e d in t h e Meadowbrook Shopping Center a t the i n t e r s e c t i o n of Hopkins Road and Chippenham Parkway, C h e s t e r f i e l d County, V i r g i n i a . 1/ & 2 /

    A t l a n t a Bank of F l o r i d a in S t . P e t e r s b u r g , S t . P e t e r s b u r g , F l o r i d a . Branch to be e s t a b l i s h e d a t 10501 66th S t r e e t , North S t . P e t e r s b u r g , F l o r i d a . JL/ & 2 /

    A t l a n t a The F i r s t Commercial Bank of F o r t Myers, F o r t Myers, F l o r i d a . Branch to be e s t a b l i s h e d a t 12998 McGregor Boulevard , S.W., F o r t Myers, F l o r i d a . V & 2 /

    A t l a n t a F l a g s h i p Bank of Tampa, Tampa, F l o r i d a . Branch to be e s t a b -l i s h e d on t h e 2000 Block of South Macdi l l Avenue, Tampa, F l o r i d a . 1 / & 2 /

    17 A p p l i c a t i o n p rocessed 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 c o n t a c t e d

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

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

  • H.2, 1980 No. 41 - 5 -

    ACTIONS OF THE BOARD-Continued

    Minneapol is F i d e l i t y Bank and T r u s t Company, Minneapol i s , Minnesota . Branch to be e s t a b l i s h e d i n B u r n s v i l l e , Minnesota . 1/ & 2 /

    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 . To e s -F ranc i s co t a b l i s h a manned motor banking f a c i l i t y in t h e v i c i n i t y

    of the North West c o r n e r of the i n t e r s e c t i o n of Rose Drive and Linda V i s t a S t r e e t , P l a c e n t i a , Orange County, C a l i f o r n i a . V & 2 /

    * * * * *

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

    Approved C i t i z e n s Bank of Tazewel l , Tazewel l , V i r g i n i a . JL/ & 2 /

    Gateway Bank & T r u s t Company, L i n c o l n , Nebraska . V

    Rocky Mountain S t a t e Bank, S a l t Lake C i t y , Utah . 1/

    Richmond

    Kansas C i ty

    San Francisco

    * * * * *

    I s s u e d I n t e n t Not to Disapprove Change in Con t ro l Pursuan t t o Change i n Bank Con t ro l Act of 1978

    Not Disapproved Kansas C i ty Ameribanc, I n c . , S t . Joseph, M i s s o u r i .

    V 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 .

    2I 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

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

  • H.2, 1980 No. 41 6

    ACTIONS OF THE BOARD-Contlnued

    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 Sec t i ons 25 and 25(a ) of the Federa 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

    Approved New York Standard Char te red Bank L i m i t e d , New York, New York: g r a n t s

    pe rmis s ion f o r Union I n t e r n a t i o n a l Bank, Los Angeles , C a l i f o r n i a , to amend A r t i c l e F i r s t , T h i r d , Fourth and Ninth of i t s A r t i c l e s of A s s o c i a t i o n in o rder to change the name of Union I n t e r n a t i o n a l Bank to Standard Char te red Bank I n t e r n a t i o n a l ; to r e l o c a t e i t s home o f f i c e from Los Angeles , C a l i f o r n i a to Houston, Texas; and to d e l e t e t h e p r o v i s i o n r e q u i r i n g t h a t each d i r e c t o r of the Corpora t ion be a U.S. c i t i z e n .

    * * * * *

    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

    Approved New York BT Bancshares , I n c . , Albany, New York, f o r approval to a cqu i r e

    100 percen t of t h e v o t i n g s h a r e s of Bankers T rus t Company of Albany, N a t i o n a l A s s o c i a t i o n , Albany, New York, Bankers Trus t of Binghamton, Binghamton, New York and BT Na t iona l Bank, Albany, New York, a proposed new bank. If & 2J

    P h i l a d e l p h i a Guarantee Bancorp, I n c . , A t l a n t i c C i t y , New J e r s e y , fo r ap-p rova l to a c q u i r e 100 p e r c e n t of the vo t i ng s h a r e s of Guarantee Bank, A t l a n t i c C i t y , New J e r s e y . 1/ & 2 /

    A t l a n t a F i r s t Ci ty Bancorp, I n c . , M a r i e t t a , Georg ia , f o r approval to acqu i r e 100 percent 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 Cobb County, M a r i e t t a , Georg ia . 1/ & 2/

    A t l a n t a F i r s t Na t iona l Bancshares of L o u i s i a n a , I n c . , A lexandr i a , L o u i s i a n a , f o r approval t o a c q u i r e up to 90.34 pe r cen t of t h e v o t i n g s h a r e s of S e c u r i t y F i r s t Na t iona l Bank, A lexand r i a , L o u i s i a n a . 1 / & 2 /

    17 App l i ca t i on 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 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 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

  • H.2, 1980 No. 41

    ACTIONS OF THE BOARD-Continued

    A t l a n t a Gwinnett Holding Company, S n e l l v i l l e , Georg ia , f o r approval to a c q u i r e 80 percent o r more of t h e v o t i n g s h a r e s of Gwinnett County Bank, S n e l l v i l l e , Georg ia . 1/ & If

    Chicago F i r s t Belmond BanCorporat ion, Belmond, Iowa, for approva l t o a c q u i r e 80 pe r cen t of the v o t i n g sha re s of F i r s t S t a t e Bank, Belmond, Iowa. JL/ & 2 /

    Chicago Nor thwestern Bank C o r p o r a t i o n , E a s t Jo rdan , Michigan, f o r approva l to acqu i r e 100 percent of t h e v o t i n g s h a r e s of Nor thwes tern S t a t e Bank, E a s t J o r d a n , Michigan. 1/ & 2 /

    Chicago Por t l and F i n a n c i a l S e r v i c e s , I n c . , P o r t l a n d , Oregon, f o r approval to a c q u i r e 98 .23 pe r cen t of the vo t i ng s h a r e s of The C i t i z e n s Bank of P o r t l a n d , P o r t l a n d , I n d i a n a . J 7 & 2 /

    S t . Louis HAMBAC, I n c . , Hodgenv i l l e , Kentucky, f o r approval to a c q u i r e 80 .7 percent of t h e v o t i n g s h a r e s of The Lincoln Na t iona l Bank, Hodgenv i l l e , Kentucky. 1 / & 2/

    Mineapol i s S t r a sbu rg Banshares , I n c . , S t r a s b u r g , North Dakota, f o r ap-p rova l to a c q u i r e 95.85 p e r c e n t of the v o t i n g s h a r e s of S t r a s b u r g S t a t e Bank, S t r a s b u r g , North Dakota. 1/ & 2/

    Minneapol is W h i t e f i s h Holding Company, I n c . , W h i t e f i s h , Montana, f o r ap-p rova l to a cqu i r e a t l e a s t 96 .7 percent of t h e 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 of W h i t e f i s h , W h i t e f i s h , Montana. 1/ &2/

    Kansas Ci ty Cedar Po in t Bancshares , I n c . , Cedar P o i n t , Kansas, f o r ap-prova l 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 The Cedar Po in t S t a t e Bank, Cedar P o i n t , Kansas . 1/ & 2 /

    Kansas C i ty Dominion Banqueshares L imi ted , Kansas C i t y , M i s s o u r i , f o r ap-prova l to a c q u i r e 98.7 pe r cen t of the vo t i ng s h a r e s of Grandview Bank and T r u s t Company, Grandview, M i s s o u r i . 1/ & 2/

    Kansas Ci ty F and M Bancshares , I n c . , Derby, Kansas, f o r approval to a c q u i r e 80 percen t of t h e v o t i n g s h a r e s of Farmers and Merchants S t a t e Bank of Derby, Derby, Kansas . 1/ & 2/

    T7 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 h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d .

    I

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

  • H.2, 1980 No. 41 8

    ACTIONS OF THE BOARD-Continued

    Kansas Ci ty F i r s t Keyes Bancshares , I n c . , Keyes, Oklahoma, 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 The F i r s t S t a t e Bank, Keyes, Oklahoma. 1/ & 27

    Kansas Ci ty L i b e r t y Bancshares , I n c . , L i b e r t y , M i s s o u r i , fo r approval t o a c q u i r e a t l e a s t 80 pe rcen t of the vo t ing s h a r e s of Com-m e r c i a l Bank of L i b e r t y , N.A. , L i b e r t y , M i s s o u r i . V & 2/

    Da l l a s F i r s t Grand P r a i r i e Bank S h a r e s , I n c . , Grand P r a i r i e , Texas , f o r approva l 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 Na t iona l Bank of Grand P r a i r i e , Grand P r a i r i e , Texas . 1/ & 2/

    D a l l a s F i r s t Schulenburg F i n a n c i a l Corpo ra t i on , Schulenburg , Texas, f o r approva l to a c q u i r e 80 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 F i r s t Nat ional Bank of Schulenburg , Schulenburg , Texas . 1/ & 2 /

    * * * * *

    New York

    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 Bankers T rus t New York C o r p o r a t i o n , New York, New York, f o r

    approva l to 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 BT Na t iona l Bank, Albany, New York, a proposed new bank. It & 2/

    A t l a n t a Marsh Inves tmen t s , N.V. , Curacao, Ne the r l ands A n t i l l e s ; Marsh Inves tmen t s , B.V. , Rot terdam, The Ne the r l ands ; and M.F.G. I n v e s t m e n t s , I n c . , H i a l e a h , F l o r i d a , f o r approval to a c q u i r e 31 percent o r more of t h e v o t i n g s h a r e s of D e e r f i e l d Beach S t a t e Bank, D e e r f i e l d Beach, F l o r i d a . 1/ & 2/

    Chicago F i r s t Bank C o r p o r a t i o n , Midland, Michigan, f o r approval to a c q u i r e 99 percent of t h e v o t i n g s h a r e s of F i r s t Community Bank, N.A. , West Branch, Michigan, a proposed new bank. 1/ & 2/

    1/ A p p l i c a t i o n p rocessed on behalf of the Board of Governors under de legated 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 Reinvesmtent 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 tac t ed a s 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

  • H.2, 1980 No. 41

    Minneapol is

    Kansas Ci ty

    Da l l a s

    D a l l a s

    - 9 -

    ACTIONS OF THE BOARD-Continued

    SECURITY STATE BANK HOLDING COMPANY, Hannaford, North Dakota, 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 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 Farmers & Merchants Bank of Wimbledon, Wimbledon, North Dakota, 1/ & 27

    Wyoming Bancorpora t ion , Cheyenne, Wyoming, 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 F i r s t Wyoming Bank-Wright, Wright , Wyoming, a proposed new bank. 1/ & 2/

    A l l i e d Bancshares , I n c . , Houston, Texas , f o r approval to a c q u i r e 100 percent of t he v o t i n g s h a r e s ( excep 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 F i r s t Bank of Edna, Edna, Texas . 1/ & 21

    Al l i ed Bancshares , I n c . , Houston, Texas , 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 ( excep 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 S e c u r i t y Na t iona l Bank, Houston, Texas . 1/ & 2/

    * * * * *

    To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956

    Approved P h i l a d e l p h i a F i r s t Pennsylvania Corpo ra t i on , P h i l a d e l p h i a , Pennsy lvan ia ,

    f o r approval to r e t a i n 100 pe rcen t of the v o t i n g sha re s of Pennamco Insurance S e r v i c e s , I n c . , P h i l a d e l p h i a , Penn-s y l v a n i a . V

    Cleveland Mellon Na t iona l C o r p o r a t i o n , P i t t s b u r g h , Pennsy lvan i a , f o r approva l to engage de novo i n the unde rwr i t i ng on r e i n s u r -ance b a s i s , of c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e so ld in c o n n e c t i o n wi th consumer loans a t two of i t s s u b s i d i a r i e s , Mellon Bank, N.A. or Freedom F i n a n c i a l S e r v i c e s Corpora t ion and the a c t i v i t y would be conducted through a newly formed, wholly-owned s u b s i d i a r y of Freedom F i n a n c i a l known a s Mellon L i f e Insu rance Company, Wilmington, Delaware. 1 /

    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 .

    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 h e a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d .

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

  • n . 2 , 1980 No. 41 10

    ACTIONS OF THE BOARD-Continued

    Minneapol is Am-Can Inves tment , I n c . , Moorhead, Minnesota, f o r approval to r e t a i n the nonbanking a c t i v i t y of making loans to s t o c k -h o l d e r s . V

    Minneapol is The Br idger Company, Wayzata, Minnesota, f o r approval to con-t i n u e to s e l l in su rance as a g e n e r a l i n su rance agent in t he town of B r i d g e r , Minnesota , a community with l e s s than 5,000 p o p u l a t i o n . JL/

    Minneapl is Lanesboro Agency, I n c . , Lanesboro , Minnesota, f o r approval to con t inue to engage in o p e r a t i n g a gene ra l i n su rance agency in a community wi th l e s s than 5 ,000 p o p u l a t i o n . If

    Minneapol is Richey Bancorpora t ion , I n c . , Richey, Montana, for approva l t o con t inue to engage i n gene ra l i n su rance agency a c t i v i t i e s in a community wi th l e s s t han 5,000 p o p u l a t i o n . JL/

    Kansas Ci ty DuRoc Investment Company, Table Rock, Nebraska, f o r approval to con t inue to engage in. commercial f i n a n c e a c t i v i t i e s a t an o f f i c e in Table Rock, Nebraska . V

    Kansas C i ty Va l l ey S t a t e Inves tmen t s , I n c . , Lamar, Colorado, fo r approval to con t inue to engage In the s a l e of insurance d i r e c t l y r e -l a t e d to the ex t ens ions of c r e d i t by Val ley S t a t e Bank, Lamar, Colorado. 1/

    Pe rmi t t ed New York Chemical New York Corpo ra t i on , 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 ( l e a s i n g r e a l and pe r sona l p roper ty and equipment on a n o n - o p e r a t i n g , f u l l payout b a s i s , and a c t i n g as a g e n t , b roker and a d v i s e r with r e s p e c t to l e a s e s ; f i n a n c i n g r e a l and pe r sona l prop-e r t y and equipment such as would be done by a commercial f i n a n c e company; and s e r v i c i n g such ex t ens ions of c r e d i t ) a t Execu t ive P o i n t , S u i t e 504, 101 Wymore Road, Altamonte Sp r ings , F l o r i d a , through i t s s u b s i d i a r y , Chemical Business C r e d i t Corp. ( 10 /5 /80 ) 3/

    New York J . P . Morgan & Co. I n c o r p o r a t e d , 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 jie novo a c t i v i t i e s ( t o inc lude making loans to p r o j e c t s designed fo r communtiy w e l f a r e purposes; p r e v i o u s l y approved a c t i v i t i e s which inc lude the f i n a n c i n g of housing for low and moderate income persons

    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 .

    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 he 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

  • H.2, 1980 No. 41 - 1 1 -

    ACTIONS OF THE BOARD-Continued

    w i l l cont inue to be engaged i n ; the s e r v i c e a r ea f o r the e x i s t i n g and expanded a c t i v i t i e s con t inues to inc lude t h e United S t a t e s , i t s t e r r i t o r i e s , p o s s e s s i o n s and Puer to Rico) a t 23 Wall S t r e e t , New York, New York, through i t s s u b s i d i a r y , Morgan Community Development Corpora t ion (10 /5 /80 ) 3/

    New York Manufac turers Hanover Corpo ra t i on , New York, New York, no-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 (mak-i n g , 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 t h e account of o t h e r s mortgage loans and insu rance agency a c t i v i t i e s r e l a t e d to such l o a n s ) from 1121 Super io r Boulevard, C leve land , Ohio to S u i t e 180, One Independence P l a c e , 4807 Rockside Road, Independence, Ohio, through i t s s u b s i d i a r y , Manufac turers Hanover Mortgage Corpora t ion (10 /6 /80 ) 3 /

    Richmond Maryland Na t iona l Corpo ra t i on , Ba l t imore , Maryland, n o t i f i -c a t i on of i n t e n t to engage i n novo a c t i v i t i e s (commercial lending o p e r a t i o n s i n c l u d i n g , but not l i m i t e d t o , f i n a n c i n g of accounts r e c e i v a b l e , i n v e n t o r i e s , and o ther types of secured and unsecured loans to commercial e n t e r p r i s e s ; s e r v i c i n g commercial loans fo r a f f i l i a t e d or n o n a f f i l i a t e d i n d i v i d u a l s , p a r t n e r s h i p s , c o r p o r a t i o n s o r o t h e r e n t i t i e s ; and a c t i n g as advisor o r broker i n commercial l end ing t r a n s a c t i o n s ) a t S u i t e 150, 11999 Katy Freeway, Houston, Texas , th rough i t s s u b s i d i a r y , Maryland Na t iona l I n d u s t r i a l Finance Corpora t ion (10 /9 /80 ) 3 /

    Chicago M i l l i k i n Bancshares , I n c . , D e c a t u r , 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 (making or a c q u i r i n g FHA and VA r e a l e s t a t e mortgage loans in I l l i n o i s and c o n t i g -uous S t a t e s ) a t 357 N. Main S t r e e t , Deca tu r , I l l i n o i s , through a s u b s i d i a r y , M i l l i k i n Real ty F inanc ing Corp. ( 1 0 / 9 / 8 0 ) 3 /

    BankAmerlca 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 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 fo r the account of o t h e r s , loans o r 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 mortgage banking company; s e r v i c i n g such loans and o t h e r ex tens ions of c r e d i t f o r i t s e l f and o t h e r s ; a c t i n g as inves tment o r f i n a n c i a l adv i se r to the ex ten t of

    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 behalf of t h e Board of Governors under de lega ted a u t h o r i t y .

    San Francisco

    1

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

  • H.2, 1980 No. 41 - 1 2 -

    ACTIONS OF THE BOARD-Continued

    p rov id ing p o r t f o l i o investment advice to o t h e r s , wi th emphasis on r e a l p rope r ty investment and r e a l p roper ty i n t e r e s t s ; and l e a s i n g r e a l p r o p e r t y o r a c t i ng as agen t , b roker or a d v i s e r in the l e a s i n g of such p rope r ty ) a t 555 C a l i f o r n i a S t r e e t , San F r a n c i s c o , C a l i f o r n i a ; 4700 South Syracuse Parkway, Denver, Colordo; L inco ln Cen te r , 5401 West Kennedy Boulevard, Tampa, F l o r i d a ; 57 Execut ive Park South , A t l a n t a , Georgia; Xerox B u i l d i n g , 555 West Monroe S t r e e t , Chicago, I l l i n o i s ; Teavey B u i l d i n g , 730 Second Avenue South, Minneapol is , Minnesota; 9221 Ward Parkway, Kansas C i t y , Missour i ; 500 West Wilson Bridge Road, Columbus, Ohio; and Campbell Center I I , 8150 North C e n t r a l Expressway, D a l l a s , Texas , through i t s wholly-owned s u b s i d i a r y , BA Mortgage and I n t e r n a t i o n a l R e a l t y Corpora t ion (10 /11 /80) 3 /

    San S e c u 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 1 -F r a n c i s c o 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 (mak-

    ing or a c q u i r i n g , f o r i t s own account or f o r the account of o t h e r s , loans and ex t ens ions of c r e d i t i nc lud ing mak-ing consumer i n s t a l l m e n t persona l l o a n s , purchas ing con-sumer 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 bus inesses 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 by a consumer f i n a n c e company; and a c t i n g as b roke r or 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 i n s u r a n c e of the i n t e r e s t of a r e a l p rope r ty mortgagee i n mortgaged p rope r ty o ther than t i t l e i n su rance ) a t 2365 Harrodsburg Road, Lex ing ton , Kentucky, through i t s i n d i r e c t 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. (10 /9 /80 ) 3 /

    San Western Bancorpora t ion , Los Angeles , 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 ( t o engage

    in o p e r a t i n g a mortgage banking company inc lud ing making, a c q u i r i n g , s e l l i n g and s e r v i c i n g r e a l e s t a t e c o n s t r u c t i o n loans on i t s own account o r f o r the account of o t h e r s ; and a c t i n g as agent or b roker with r e s p e c t to c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h insurance and mortgage d i s -a b i l i t y and mortgage redemption i n su rance 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 o r the p r o v i s i o n of o t h e r f i n a n c i a l s e r v i c e s ) a t One Al len C e n t e r , S u i t e 1650, Houston, Texas, through i t s wholly-owned s u b s i d i a r y , Western Bancorp Mort-gage Company (10 /10 /80) 3 /

    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 lega ted a u t h o r i t y .

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

  • H.2, 1980 No. 41 13

    APPLICATIONS RECEIVED

    To E s t a b l i s h a Domestic Branch Pursuant to Sec t i on 9 of t he F e d e r a l Reserve Act

    Cleveland The L i b e r t y S t a t e Bank, L i b e r t y C e n t e r , Ohio. Branch to be e s t a b l i s h e d a t 1424 North Sco t t S t r e e t , Napoleon, Henry County, Ohio . 2 /

    Cleveland The Farmers C i t i z e n s Bank, Bucyrus , Ohio. Branch to be e s t a b l i s h e d a t the southwest co rne r of North Sandusky Avenue and West Mary S t r e e t , Bucyrus, Crawford County, Ohio 2 /

    San Union Bank, Los Angeles , C a l i f o r n i a . Branch to be e s t ab -F r a n c i s c o l i s h e d a t 3255 W i l s h i r e Boulevard , Los Angeles , C a l i -

    f o r n i a . 2 /

    * * * * *

    To Become a Member of t h e F e d e r a 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

    Kansas C i ty C i t i z e n s Bank and T r u s t Company, E l l s w o r t h , Kansas .

    * * * * *

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

    New York Republ ic N a t i o n a l Bank of New York, New York, New York: p r i o r n o t i f i c a t i o n of i t s i n t e n t to open an i n i t i a l branch i n Buenos A i r e s , A r g e n t i n a .

    A t l a n t a F lagsh ip Na t iona l Bank of Miami, Miami, F l o r i d a : r e q u e s t s consent to e s t a b l i s h a l i m i t e d o p e r a t i o n s branch in the Cayman I s l a n d s .

    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 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

  • H.2, 1980 No. 41 - 1 4 -

    APPLICATIONS RECEIVED-Continued

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

    A t l a n t a B.P.C. Corpora t ion , Cookev i l l e , Tennessee , 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 Putnam County, Cookev i l l e , Tennessee . 2/

    A t l a n t a DeSota Banking Corpora t ion , Arcad ia , F l o r i d a , for approval to a c q u i r e a t l e a s t 100 pe rcen t of the vo t ing sha re s of The F i r s t S t a t e Bank of Arcad ia , Arcad ia , F l o r i d a . 2 /

    A t l a n t a Peoples Equi ty S h a r e s , I n c . , C a r r o l l t o n , Georg ia , f o r ap-prova l to acqu i re a t l e a s t 90 percent of t h e v o t i n g s h a r e s of The Peoples Bank, C a r r o l l t o n , Georg ia . 2/

    Chicago CAARGO F i n a n c i a l Corpora t ion , B e n t o n v i l l e , I n d i a n a , fo r ap-prova l to a c q u i r e 51 .6 pe r cen t of the vo t ing s h a r e s of B e n t o n v i l l e S t a t e Bank, B e n t o n v i l l e , I n d i a n a . 2/

    Chicago Rockford Bancorp I n c . , Rockford , I l l i n o i s , f o r approval to a c q u i r e 97 .7 percent of t h e v o t i n g s h a r e s of The I l l i n o i s Na t iona l Bank & T r u s t Co. of Rockford , Rockford , I l l i n o i s . 2/

    Chicago S & H HOLDINGS, INC., I r o q u o i s , I l l i n o i s , f o r approval to acqu i re a t l e a s t 94.5 percent of t h e v o t i n g s h a r e s of I r o q u o i s Farmers S t a t e Bank, I r o q u o i s , I l l i n o i s . 2 /

    Minneapol is M e t r o p o l i t a n Bancorpora t ion , I n c . , Minneapol is , Minnesota , f o r approval to a c q u i r e 95 pe r cen t of the vo t i ng s h a r e s of Me t ropo l i t an S t a t e Bank, Minneapol i s , Minnesota . 2J

    Kansas Ci ty Derby Bancshares , I n c . , Derby, Kansas, f o r approval to acqui re a t l e a s t 96 percent of t h e v o t i n g s h a r e s of F i r s t Nat iona l Bank of Derby, Derby, Kansas . 2 /

    Kansas Ci ty F i r s t Oklahoma Nat iona l C o r p o r a t i o n , S t i g l e r , Oklahoma, f o r approval to a c q u i r e a t l e a s t 80 pe r cen t of the vo t ing s h a r e s of The F i r s t Na t iona l Bank, S t i g l e r , Oklahoma. 2 /

    Kansas Ci ty Oakdale Bancshares , I n c . , Oakdale , Nebraska, f o r approval to acqu i r e a t l e a s t 99 .5 percent of t h e 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, Oakdale , Nebraska . 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 the 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 t ed

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

  • H .2 , 1980 No. 41 15

    APPLICATIONS RECEIVED-Contlnued

    Kansas Ci ty Western Bancorp, I n c . , Garden C i t y , Kansas, f o r approval to acqu i re a t l e a s t 82.4 percent of t h e v o t i n g s h a r e s of The Western S t a t e Bank, Garden C i t y , Kansas . 2 /

    Da l l a s Eas t Texas C o r p o r a t i o n , I n c . , P a l e s t i n e , Texas , fo r ap-prova 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 Eas t Texas Na t iona l Bank of P a l e s t i n e , P a l e s t i n e , Texas . 2 /

    Da l l a s H a r r i s County Bankshares , I n c . , Houston, Texas , fo r ap-prova l to a c q u i r e a t l e a s t 80 p e r c e n t of the vo t ing s h a r e s of Bank of H a r r i s County, Na t iona l A s s o c i a t i o n , (P.O. Houston) A l d i n e , Texas . 2/

    Dal l a s Zavala Bankshares , I n c o r p o r a t e d , C r y s t a l C i t y , Texas , f o r approval to a c q u i r e 97.25 pe r cen t of the v o t i n g s h a r e s of Zavala County Bank, C r y s t a l C i t y , Texas . 2/

    San E n t e r p r i s e Bancorp, Oakland, C a l i f o r n i a , f o r approval to F r a n c i s c o acqu i re a t l e a s t 100 percent of t h e v o t i n g s h a r e s of

    F i r s t E n t e r p r i s e Bank, Oakland, C a l i f o r n i a . 2 /

    * * * * *

    Boston

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

    F i r s t Na t iona l Boston Corpora t ion , Boston, Massachuse t t s , f o r approva l to acqu i r e 100 percen t of t h e v o t i n g s h a r e s of The H a v e r h i l l Na t iona l Bank, H a v e r h i l l , Massachuse t t s . 21

    Cleveland Winters Na t iona l Corpo ra t i on , Dayton, Ohio, 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 The F i r s t Na t iona l Bank of C i r c l e v i l l e , C i r c l e v i l l e , Ohio . 2/

    Chicago Manufac ture rs Na t iona l C o r p o r a t i o n , D e t r o i t , Michigan, 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 Bank of Lans ing , Lansing, Michigan

    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 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

  • H.2, 1980 No. 41 1 6

    APPLICATIONS RECEIVED-Continued

    Kansas Ci ty Wood & Huston Bancorpora t ion , I n c . , Mar sha l l , Mis sour i , fo r approva l to acqu i re a t l e a s t 100 percent of the vo t ing s h a r e s of South Eas t Missour i Bank, Cape Gi ra rdeau , M i s s o u r i , a proposed new bank. 2 /

    Kansas C i ty Arcadia Agency Company, Arcad i a , Nebraska, f o r approval to a c q u i r e 24 .9 percent of t h e v o t i n g s h a r e s of Emerson F i r s t Na t iona l Company, Emerson, Nebraska , and i n d i r e c t l y a c q u i r e 95 percent 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 Emerson, Emerson, Nebraska . 2 /

    Kansas C i ty Decatur Agency Company, Deca tu r , Nebraska, fo r approval t o a c q u i r e 24 .9 pe rcen t of the v o t i n g s h a r e s of Emerson F i r s t Na t iona l Company, Emerson, Nebraska and i n d i r e c t l y a c q u i r e 95 p e r c e n 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 Emerson, Emerson, Nebraska. 2J

    Kansas Ci ty Tekamah Agency Company, Tekamah, Nebraska , f o r approval to a c q u i r e 2 4 . 9 percent of t h e v o t i n g s h a r e s of Emerson F i r s t Na t iona l Company, Emerson, Nebraska , and i n d i r e c t l y a c q u i r e 95 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 Emerson, Emerson, Nebraska . 2 /

    * * * * *

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

    A t l a n t a Peoples Equi ty Sha res , I n c . , C a r r o l l t o n , Georg ia , f o r ap-prova l to a c q u i r e Peoples Equi ty Leasing Company, I n c . , C a r r o l l t o n , Georg i a .

    Chicago Nebo C o r p o r a t i o n , P i s g a h , Iowa, for approval to con t i nue to engage d i r e c t l y a s agent in the s a l e of gene ra l i n s u r -ance in a town wi th l e s s than 5,000 p o p u l a t i o n .

    Minneapol is Er ickson Investment Company, Edgemont, South Dakota, f o r approva l to engage i n g e n e r a l i n su rance a c t i v i t i e s i n the towns of Edgemont and B u f f a l o Gap, South Dakota both of which have l e s s than 5,000 p o p u l a t i o n .

    27 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 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 .

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

  • 11.Z, 1980 No. 41 - 1 7 -

    APPLICATIONS RECEIVED-Contlnued

    Kansas Ci ty C.S.B. Co. , Cozad, Nebraska, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in a l l types of i n su rance i n c l u d i n g , but not l i m i t e d t o : l i f e , a u t o , f i r e , marine and a l l i e d l i n e s , h a i l i n s u r a n c e , f i d e l i t y bonds, h e a l t h and a c c i d e n t i n s u r a n c e , e t c . ) a t 920 Mer id i an , Cozad, Nebraska, through i t s s u b s i d i a r y , C.S.B. I n su rance Agency (10 /8 /80 ) 3 /

    Kansas Ci ty Farmers E n t e r p r i s e s , I n c . , A l b e r t , Kansas , 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 p e r s o n a l and r e a l p rope r ty l e a s i n g a c t i v i t i e s ) a t an o f f i c e in A l b e r t , Kansas (10 /7 /80 ) 3 /

    Kansas C i ty P l a t t e Va l l ey Bancorp, I n c . , B r igh ton , Colorado, f o r per -mi s s ion to engage in the b u s i n e s s of i n d u s t r i a l banking and a c t i n g as an in su rance agent 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 sha re s of Val ley Bancorp, I n c . , Steamboat Sp r ings , Colorado and i t s whol ly owned s u b s i d i a r y , Yampa Val ley I n d u s t r i a l Bank, Steamboat Spr ings , Colorado .

    C i t i z e n s Bancshares , Ogden, Utah , f o r approval to a c q u i r e t h e o p e r a t i n g a s s e t s and t h e C e r t i f i c a t e of A u t h o r i t y of Bonnev i l l e T h r i f t & Loan, B o u n t i f u l , Utah, through a new s u b s i d i a r y to be known a s Cha r t e r T h r i f t & Loan.

    I m p e r i a l Bancorp, Inglewood, C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in the b u s i n e s s of a c t i n g as an accommodation p a r t y f o r s e l l e r s of r e a l e s t a t e who wish to e f f e c t delayed exchanges of t h e i r r e a l e s t a t e ) a t 9920 South La Cienega Boulevard , Inglewood, C a l i f o r n i a , through i t s s u b s i d i a r y , Imper i a l Exchange S e r v i c e s , I n c . ( 1 0 / 8 / 8 0 ) 37

    San U.S. Bancorp, P o r t l a n d , Oregon, n o t i f i c a t i o n of i n t e n t t o F r a n c i s c o engage i n de novo a c t i v i t i e s ( t o engage in the underwr i t ing

    of c r e d i t l i f e , c r e d i t acc iden t and c r e d i t h e a l t h i n s u r -ance a c t i v i t i e s ) a t 1421 E a s t Thomas Road, Phoenix , A r i z o n a , through i t s s u b s i d i a r y , Mt. Hood L i f e I n su rance , I n c . ( 10 /10 /80 ) 3 /

    San F ranc i s co

    San Francisco

    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 .

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

  • H.2, 1980 No. 41 - 1 8 -

    APPLICATIONS RECEIVED-Continued

    None.

    REPORTS RECEIVED

    * * * * *

    PETITIONS FOR RULEMAKING

    None.

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