h2_19821127.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1982 No. 48)

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

Received During the Week Ending November 27, 1982

APPLICABLE RESERVE BANK

ban Franc i sco

Chicago

Dal l a s

ACTIONS OF THE BOARD

Statement by Chairman Paul A. Volcker b e f o r e t h e J o i n t Economic Committee t o d i s c u s s t he c u r r e n t s t a n c e of monetary po l i cy and some problems f o r t h e f u t u r e .

Fee schedule r ev i s ed fo r System's automated c l e a r i n g house (ACH) s e r v i c e and changes in t h e Federal Rese rve ' s procedures f o r admin-i s t e r i n g c l e a r i n g b a l a n c e s .

Consumer Advisory Counc i l , t h i r t e e n new members t o r e p l a c e members whose terms a re e x p i r i n g , and d e s i g n a t i o n of Ms. Susan Pierson De Witt as Chairman, and Mr. William J . O'Connor, J r . , as Vice Chairman.

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 , ex tens ion of t ime t o December 2, 1983, within which t o i n c r e a s e i t s investment in BankAmerica Overseas Finance Corpora t ion N.V., Netherland Ant i l l e s . ]_/

Boulevard Bancorp, I n c . , Chicago, I l l i n o i s , ex-t e n s i o n of t ime t o March 22, 1983, wi th in which t o become a bank hold ing company, t o be i n t e r -posed between Miami C o r p o r a t i o n , a r e g i s t e r e d bank hold ing company, and National Boulevard Bank of Chicago, and t o a c q u i r e sha res of seven banks and bank hold ing companies. V

F i r s t Freepor t Corpo ra t i on , F r e e p o r t , Texas, ex-t e n s i o n of t ime t o February 18, 1983, wi th in which t o a c q u i r e Coastal National Bank, Angleton, Texas. 1/

T7 App l i ca t i on processed on beha l f of t h e Board of Governors under de l ega t ed 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, 1982 No. 48 - 2 -

ACTIONS OF THE BOARD - Continued

San Franc isco

Dal l a s

Kansas Ci ty

S t . Louis

A t l an t a

Boston

San F ranc i sco

F i r s t National Corpo ra t i on , San Diego, C a l i f o r n i a , ex tens ion of t ime t o January 23, 1983, within which t o become a bank holding company by a c q u i r i n g 100 percen t of t h e vot ing shares of the successo r by merger t o F i r s t National Bank, San Diego, C a l i f o r n i a . 1/

HNB Corpo ra t i on , H u n t s v i l l e , Texas, ex t ens ion of t ime t o February 18, 1983, wi th in which t o a c q u i r e t h e H u n t s v i l l e National Bank, H u n t s v i l i e , Texas. V

Lakeshore Bankshares , I n c . , Oklahoma C i t y , Oklahoma, ex tens ion of t ime t o January 31, 1983, w i th in which t o a c q u i r e Lakeshore Bank, N.A., Oklahoma C i t y , Oklahoma. J /

Rich Land Bancorp, I n c . , Olney, I l l i n o i s , ex tens ion of t ime t o March 14, 1983, wi th in which t o become a bank holding company through t h e a c q u i s i t i o n of Olney Trus t Bank, Olney, I l l i n o i s , succes so r by merger t o Olney Trus t and Banking Company, Olney, I l l i n o i s . \ j

Sonny Wright , Miami, F l o r i d a , an o r g a n i z e r of a c o r p o r a t i o n t o be formed under laws of F l o r i d a , ex t ens ion of t ime to February 21, 1983, wi th in which t o become a bank holding company through t h e a c q u i s i t i o n of Peoples National Bank of Commerce, Miami, F l o r i d a . ]_/

Vermont F inanc ia l Se rv ices Corp . , B r a t t l e b o r o , Vermont, ex tens ion of t ime t o December 8 , 1982, wi th in which to become a bank holding company through the a c q u i s i t i o n of Vermont National Bank, B r a t t l e b o r o , Vermont. ]_/

Wells Fargo Bank N.A., San F ranc i sco , C a l i f o r n i a , ex tens ion of t ime t o November 25, 1983, wi th in which t o open a branch in Madrid, Spain. 1/

J / App l i ca t ion processed on behalf of t he Board of Governors under de lega ted a u t h o r i t y .


H.2, 1982 No. 48 - 3 -


San Franc i sco

Boston

Boston

Richmond

Richmond

A1varado Bank, San Pablo , C a l i f o r n i a , a proposed new bank, proposal t o a c q u i r e t h e a s s e t s of and t h e l i a b i l i t i e s f o r the H i l l t o p Mall Branch (Richmond, C a l i f o r n i a ) , of Union Bank, Los Angeles , C a l i f o r n i a ; r e p o r t t o t he Federal Deposit Insurance Corpora t ion on compe t i t i ve f a c t o r s .

Andover Savings Bank, Andover, Massachuse t t s , proposal t o merge with Valley Cooperat ive Bank, Lawrence, Massachuse t t s ; r e p o r t t o t he Federal Deposit Insurance Corpora t ion on compet i t ive f a c t o r s . J /

Ar l ing ton Five Cents Savings Bank, A r l i n g t o n , Massachuse t t s , proposal t o purchase the a s s e t s and assume t h e l i a b i l i t i e s of Tanners National Bank, Woburn, Massachuse t t s ; r epo r t t o t h e Federal Deposit Insurance Corporat ion on compe t i t i ve f a c t o r s . 1/

Hampton County Bank, V a r n v i l l e , South C a r o l i n a , proposed purchase of a s s e t s and assumption of l i a b i l i t i e s of the Yesassee o f f i c e of South Carol ina National Bank, Columbia, South C a r o l i n a ; r e p o r t t o t h e Federal Deposit In-surance Corpora t ion on compe t i t i ve f a c t o r s . V

Old National Bank of Mar t insburg , Mar t insburg , West V i r g i n i a , proposed merger with t h e C i t i z e n s National Bank of Mar t insburg , Mar t ins -burg , West V i r g i n i a ; r epo r t t o t h e Comptroller of t h e Currency on compe t i t i ve f a c t o r s . ]_/

1/ App l i ca t i on processed on behalf of the Board of Governors under de l ega ted a u t h o r i t y .


H.2, 1982 No. 48 - 4 -


To E s t a b l i s h a Domestic Branch Pursuant To Sect ion 9 of t h e Federal Reserve Act

New York The Bank of New York, New York, New York. To e s t a b l i s h 10 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 o f f i c e s in Broome and Otsega Coun t i e s , New York. V

* * * * *

To Become A Member of t h e Federal Reserve System Pursuant t o Sec t ion 9 of t h e Federal Reserve Act

Approved At lan ta The Orange S t a t e Bank, Dade County, F l o r i d a . ]_/

Chicago Midwest Trus t and Savings Bank of Kankakee, Kankakee, I l l i n o i s . 1 /

Chicago Colonial Bank of Schaumburg, Schaumburg, I l l i n o i s , j /

* * * * *

To Merge Pursuant t o Sect ion 18(c) of t h e Federal Deposi t Insurance Act

Approved Chicago F i r s t Trus t & Savings Bank of Kankakee, Kankakee,

I l l i n o i s , t o merge with Midwest Trus t and Savings Bank of Kankakee, Kankakee, I l l i n o i s . 1/

* * * * *

Issued In t en t Not t o Disapprove Change of Control Pursuant t o Change in Bank Control Act of 1978

Not Disapproved Kansas City Farmers & Merchants Inves tments , I n c . , Mil f o r d ,

Nebraska. J /

Kansas City Fairlawn Bancshares , I n c . , Topeka, Kansas. ]_/

2 / App l i ca t ion processed on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .


H.2, 1982 No. 48 - 5 -


D a l l a s F i r s t Be l l s Bankshares , I n c . , B e l l s , Texas. V

* * * * *

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 Investments and Other Act ions Pursuant t o Sec t ions 25 and 25(a)

of t h e Federal Reserve Act and Sec t i ons 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company Act of 1956, as amended

Approved 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 Angeles, C a l i -F r a n c i s c o f o r n i a , Los Angeles , C a l i f o r n i a : g r a n t s con-

s e n t t o purchase and h o l d , d i r e c t l y or i n d i r e c t l y , 29 .9 pe rcen t of t h e sha re s of Hoare Govett L imi ted , London, England, and t o r e t a i n t h o s e sha re s a f t e r Hoare Govett e s t a b l i s h e s an o f f i c e in New York from which i t w i l l conduct investment adv i so ry a c t i v i t i e s .

Sixty-Day N o t i f i c a t i o n Per iod Allowed t o Expire San BankAmerica I n t e r n a t i o n a l , San F r a n c i s c o , C a l i -F ranc i sco f o r n i a : no o b j e c t i o n t o make an a d d i t i o n a l

investment in UOB Holding, S .A . , Geneva, Swi t ze r l and .

* * * * *

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

Approved New York U.S.B. Holding Co. , I n c . , Nanuet, New York,

f o r approval t o a c q u i r e 100 percen t of t h e vo t ing sha re s of Union S t a t e Bank, Nanuet, New York. ] /

New York The Wilber Co rpo ra t i on , Oneonta, New York, f o r approval t o a q u i r e 100 pe rcen t of t h e vot ing s h a r e s of Wilber National Bank, Oneonta, New York. J_/

TJ A p p l i c a t i o n processed on beha 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 1982 No. 48 - 6 -


Cleveland

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Chicago

Chicago

F & M Bancorp, Miamisburg, Ohio, f o r approval t o acquire 100 percent of the voting shares of the Farmers and Merchants Bank, Miamisburg, Ohio, y

Bank of Gonzales Holding Company, Inc . , Gonzales, Louisiana, for approval to acquire at l ea s t 80 percent of the voting shares of Bank of Gonzales, Gonzales, Louisiana, y

Bayoulands Financial Corporation, P l a t t e n v i l l e , Louisiana, for approval to acquire at l e a s t 80 percent of the vot ing shares of Bayou!ands Bank, P l a t t e n v l l l e , Louisiana, y

Clay County Bancshares, I n c . , Cel ina, Tennessee, for approval to acquire at l e a s t 80 percent of the voting shares of Clay County Bank, Cel ina, Tennessee. V

Columbia Bancing Company, Columbia, Alabama, f o r approval to acquire at l e a s t 80 percent of the voting shares of Bank of Columbia, Columbia, Alabama, y

Firs t National Financial Corporation, C l a r k s v i l l e , Tennessee, for approval t o acquire 100 percent of the voting shares of The F i r s t National Bank of C l a r k s v i l l e , C l a r k s v i l l e , Tennessee. V

Park National Corporation, Knoxvi l le , Tennessee, for approval to acquire 100 percent of the voting shares of Park National Bank of Knoxvi l le , Knox-v i l l e , Tennessee, y

Bancap, Inc. (formerly BANKCAP, INC.), Poland, Indiana, for approval t o acquire at l e a s t 81.52 percent of the voting shares of Peoples State Bank of Clay County, Poland, Indiana. V

F ir s t Lena Corporation, Lena, I l l i n o i s , f o r approval to acquire at l e a s t 80 percent of the voting shares of Ci t i zens S ta te Bank of Lena, Lena, I l l i n o i s . 1 /

J7 Applicat ion processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1982 No. 48 - 7 -


Chicago Hear t land F inanc ia l Bancshares , I n c . , El Paso, I l l i n o i s , f o r approval t o a c q u i r e through the merger with Hear t land Bancorp, I n c . , El Paso, I l l i n o i s , of 82.4 pe rcen t of Woodford County Bank, El Paso, I l l i n o i s ; and 80 percen t or more of Woodford Investment Company, Eureka, I l l i n o i s , which owns 98 pe rcen t of F i r s t Bank of Eureka, Eureka, I l l i n o i s ; S t a t e Bank of Cornland, Cornland, I l l i n o i s ; and Bank of Car lock , Car lock , I l l i n o i s . JY

Chicago Kane County Bancshares , I n c . , El burn , I l l i n o i s , f o r approval t o a c q u i r e 100 percen t of t h e vot ing 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 sha re s ) of t he succes so r by merger t o Kane County Bank and Trus t Co. , El burn , I l l i n o i s . V

Chicago LeClai re Agency, I n c . , LeCla i r e , Iowa, f o r approval t o a cqu i r e a t l e a s t 80 pe rcen t of t he vot ing sha re s of LeCla i re S t a t e Bank, LeCla i re , Iowa. ]_/

Chicago Peoples National Bancorp of America, Lawrenceburg, Ind iana , f o r approval t o a c q u i r e 100 percent of t h e vot ing sha res ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e succes so r by merger t o The Peoples National Bank of Lawrenceburg, Lawrenceburg, Ind iana . J J

Chicago Pr ince ton Agency, I n c . , P r i n c e t o n , Iowa, f o r approval t o a c q u i r e a t l e a s t 80 percen t of t h e vot ing sha res of Farmers Savings Bank, P r i n c e t o n , Iowa. 1/

S t . Louis Hi 1Isboro Bancshares , I n c . , H i l I s b o r o , Missour i , f o r approval t o a c q u i r e 100 percen t of t he vot ing sha re s of Bank of Hil I s b o r o , H i l I s b o r o , Missour i . ] /

S t . Louis Wayne Bancshares , I n c . , M o n t i c e l l o , Kentucky, f o r approval t o a c q u i r e a t l e a s t 80 pe rcen t of t h e vo t ing sha res of Ci ty & County Bank of Wayne County, M o n t i c e l l o , Kentucky, ( fo rmer ly Peoples S t a t e Bank). J_/

Minneapol is Bay Area Banking Sha re s , I n c . , Ashland, Wisconsin, f o r approval t o a c q u i r e a t l e a s t 80 percen t of t h e vot ing sha re s of Northern S t a t e Bank, Ashland, Wisconsin. V

]_/ App l i ca t ion processed on beha l f of t h e Board of Governors under de l ega ted a u t h o r i t y .


H.2, 1982 No. 48 - 8 -


Minneapolis Dairyland S t a t e Bancorpora t ion , I n c . , Bruce, Wisconsin, f o r approval t o acqu i r e a t l e a s t 93 .3 pe rcen t of t h e vot ing shares of Dairy]and S t a t e Bank, Bruce, Wisconsin. ]J

Minneapol is Gary Holding Company, Gary, South Dakota, f o r approval t o a c q u i r e a t l e a s t 83 percen t of t h e vot ing sha re s of Gary S t a t e Bank, Gary, South Dakota. J /

Minneapol is Goodhue County F inanc ia l Corpo ra t i on , Red Wing, Minnesota, f o r approval t o acqu i r e a t l e a s t 80 pe rcen t of t h e vot ing sha res of The Goodhue County National Bank of Red Wing, Red Wing, Minnesota. 1 /

Minneapolis Hebron Banshares , I n c . , Omaha, Nebraska, f o r approval t o a c q u i r e a t l e a s t 80 pe rcen t of t h e vot ing sha res of Secu r i t y Bank of Hebron, Hebron, North Dakota. J /

Kansas City AmBank F inanc ia l Corpo ra t i on , Denver, Colorado, f o r approval t o a c q u i r e 100 pe rcen t of t he vot ing sha res of Orchard Valley Bank, Englewood, Colorado and Broadway Bank, ( fo rmer ly Viejo Bank), L i t t l e t o n , Colorado, a proposed new bank. J J

Kansas City F i r s t Guymon Bancshares , I n c . , Guymon, Oklahoma, f o r approval t o a c q u i r e 100 percen t of t h e vot ing sha re s of F i r s t National Bank of Guymon, Guymon, Oklahoma. V

Kansas Ci ty Guarantee S t a t e Bancshares , I n c . , Mangum, Oklahoma, f o r approval t o a c q u i r e a t l e a s t 80 pe rcen t of t h e vo t ing sha res of The Guarantee S t a t e Bank, Mangum, Oklahoma. ]_/

Da l l a s Camino Real Bancshares , I n c . , Car r izo Sp r ings , Texas, f o r approval t o a c q u i r e 100 percent of t h e vo t ing sha re s of F i r s t National Bank of Dimmit County, Car r i zo Spr ings , Texas. ] /

Da l l a s Frankl in Bancshares , I n c . , F r a n k l i n , Texas, f o r approval t o a c q u i r e a t l e a s t 80 percen t of t h e vot ing sha res of F i r s t National Bank of F r a n k l i n , F r a n k l i n , Texas . 1/

]_/ App l i ca t ion processed on behal f of t h e Board of Governors under de lega ted a u t h o r i t y .


H.2, 1982 No. 48 - 9 -


Dal l a s

Dallas

Da l l a s

Dallas

San Franc isco

San F ranc i sco

G-6 Corpo ra t i on , Mesqui te , Texas, f o r approval t o a cqu i r e a t l e a s t 95.57 percent of t h e vot ing shares of F i r s t S t a t e Bank, Mesqui te , Texas. ]_/

Gulf Southwest Bancorp, I n c . , Houston, Texas, f o r approval t o a c q u i r e a t l e a s t 80 pe rcen t of vo t ing shares of League City National Bank, Houston, Texas and Alvin Community Bank, N.A., Alvin , Texas; and t o merge with Westgrove Corpo ra t ion , Houston, Texas 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 80 pe rcen t of Southern S t a t e Bank, South Houston, Texas and t o merge with Gulf Southwest Bancshares , I n c . , Houston, Texas 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 99.96 pe rcen t of Merchants Park Bank, Houston, Texas. V

New Dim Financ ia l C o r p o r a t i o n , New Dim, Texas, f o r approval t o a c q u i r e 100 percen t of t h e vot ing sha res of New Ulm S t a t e Bank, New Dim, Texas. J J

Western Bancshares of El Paso, I n c . , El Paso, Texas, f o r approval t o a c q u i r e a t l e a s t 80 pe rcen t of t h e vot ing sha re s of Western Bank, El Paso, Texas, j y

Cal Rep Bancorp, B a k e r s f i e l d , C a l i f o r n i a , f o r approval t o a c q u i r e 100 percen t of t h e vot ing shares of C a l i f o r n i a Republic Bank, B a k e r s f i e l d , C a l i f o r n i a . J J

Western Commercial, Fresno, C a l i f o r n i a , f o r approval t o acqu i r e 100 pe rcen t of t he vo t ing sha res of Fresno Bank of Commerce, Fresno, C a l i f o r n i a . 1/

* * * * *

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

Withdrawn Kansas Ci ty Bates County Bancshares , I n c . , Rich H i l l , Mis sour i ,

f o r approval t o a c q u i r e a t l e a s t 80 percen t of t h e vot ing sha re s of S e c u r i t y Bank of Auxvasse, Auxvasse, Missour i .

T7 App l i ca t i on processed on behal f of t h e Board of Governors under de l ega t ed a u t h o r i t y .

I


H.2, 1982 No. 48 - 10


Kansas Ci ty

Boston

Cleveland

Cleveland

A t l a n t a

Chicago

Chicago

IntraWest F inanc ia l Corpora t ion ( former ly The F i r s t National Bancorpora t ion , I n c . ) , Denver, Colorado, f o r approval t o a c q u i r e 100 percent of t h e vo t ing sha res of F i r s t National Bank of Highlands Ranch, L i t t l e t o n , Colorado, a pro-posed new bank.

Approved UST Corp . , Boston, Massachuse t t s , f o r approval t o

a c q u i r e a t l e a s t 80 pe rcen t of the vot ing sha res of Charlesbank Trus t Company, Cambridge, Massachuse t t s . J_/

I n t e r s t a t e F inanc ia l Corpo ra t i on , Dayton, Ohio, f o r approval t o a c q u i r e 100 pe rcen t of the vot ing sha re s of Centra l Trus t Company of Western Ohio, National A s s o c i a t i o n , C e l i n a , Ohio. ]_/

Peoples Bancorp, I n c . , M a r i e t t a , Ohio, f o r approval t o a c q u i r e 100 pe rcen t of the vot ing shares of The Peoples Bank, N e l s o n v i l i e , Ohio. ] /

Mountain F inanc ia l Company, Maryv i l i e , Tennessee, f o r approval t o a c q u i r e 100 percen t of t h e vot ing s h a r e s of J e f f e r s o n County Bank, Dandridge, Tennessee . J /

Midwest F inanc ia l Group I n c . , ( fo rmer ly Commercial National C o r p o r a t i o n ) , P e o r i a , I l l i n o i s , f o r approval t o merge with Champaign Bancorp, I n c . , Champaign, I l l i n o i s , t he reby acqu i r i ng The F i r s t National Bank in Champaign, Champaign, I l l i n o i s ; and t o merge with I l l i n o i s National Bancorp, I n c . , S p r i n g f i e l d , I l l i n o i s , the reby a c q u i r i n g The I l l i n o i s National Bank of S p r i n g f i e l d , S p r i n g f i e l d , I l l i n o i s , and t o a c q u i r e t h e succes so r by merger t o F i r s t Trus t & Savings Bank of Kankakee, Kankakee, I l l i n o i s . J_/

F i r s tbank of I l l i n o i s Co. , S p r i n g f i e l d , I l l i n o i s , f o r approval t o a c q u i r e 100 pe rcen t of the vot ing s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of F i r s t Trus t and Savings Bank of T a y l o r v i l l e , T a y l o r v i l l e , I l l i n o i s . 1/

]_/ A p p l i c a t i o n processed on behal 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


H .2, 1982 No. 48 - 1 1 -


Chicago Northern Trus t Corpo ra t i on , Chicago, I l l i n o i s , f o r approval t o a c q u i r e a t l e a s t 99.3 percent of t h e vot ing sha re s ( l e s s d i r e c t o r s 1

q u a l i f y i n g s h a r e s ) of Colonial Bank of Shaum-burg , Schaumburg, I l l i n o i s , a proposed new bank. J /

* * * * *

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

Withdrawn New York Ci t i c o r p , New York, New York, f o r approval to

engage, through i t s s u b s i d i a r y C i t i c o r p F i n a n c i a l , I n c . , Towson, Maryland, in o f f e r i n g a consumer 1 ay amy plan known as t he Purchase Plus P l an , in connec t ion with CFI ' s p r o p r i e t a r y c r e d i t card known as "Choice".

San S e a f i r s t C o r p o r a t i o n , S e a t t l e , Washington, f o r F ranc i sco approval t o expand i t s i n su rance a c t i v i t i e s

t o inc lude c r e d i t - r e l a t e d unemployment i n -surance s a l e s in S e a t t l e , Washington, through i t s s u b s i d i a r y , S e a f i r s t Insurance Corpora t ion .

Approved New York Post-och Kredi tbanken , PKbanken, Stockholm,

Sweden, f o r approval t o engage in c e r t a i n nonbanking a c t i v i t i e s through i t s s u b s i d i a r y , PKfinans I n t e r n a t i o n a l Corpo ra t i on , New York, New York.

Chicago LeCla i re Agency, I n c . , L e C l a i r e , Iowa, f o r approval t o con t inue to engage in general i n -surance a c t i v i t i e s in LeCla i r e , Iowa, a community with a popu la t ion of l e s s than 5,000. ]_/

Chicago Pr ince ton Agency, I n c . , P r i n c e t o n , Iowa, f o r approval t o con t inue t o engage in general i n -surance a c t i v i t i e s in P r i n c e t o n , Iowa, a community with a popu la t ion of l e s s than 5,000. ]_/

TJ A p p l i c a t i o n processed on behal 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 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.2, 1982 No. 48 - 1 2 -


Delayed New York Deutsche Bank AG, F r a n k f u r t , West Germany, r eques t s

permiss ion to con t inue to ope ra t e an o f f i c e en-gaging in t he fo l lowing a c t i v i t i e s ((A) provide d e a l e r s of a f f i l i a t e s of Daimler-Benz AG in t h e United S t a t e s and Canada with wholesa le f i n a n c i n g in t he form of loans to f i n a n c e d e a l e r s i n v e n t o r i e s secured by such i n v e n t o r i e s and (B) p rov ide customers of a f f i l i a t e s of Daimler-Benz AG in the United S t a t e s and Canada and t h e i r d e a l e r s with r e t a i l f i n a n c i n g c o n s i s t i n g of purchases by the company from such a f f i l i a t e s and t h e i r d e a l e r s of r e t a i l i n s t a l l m e n t o b l i g a t i o n s undertaken by the customer in r e s p e c t of equipment purchased by t h e cus tomer , of purchases of l e a s e r e c e i v a b l e s and d e a l e r r e n t a l r e c e i v a b l e s in r e spec t of t h e equ ip -ment leased by the customer and of f u l l payout l e a s i n g of p roduc ts of such a f f i l i a t e s and such d e a l e r s ; in connnect ion t h e r e w i t h , t h e company makes a v a i l a b l e , s o l e l y as au tho r i zed a g e n t , c r e d i t l i f e , a c c i d e n t and phys ica l damage insurance) a t 4545 F u l l e r Drive, S u i t e 328, P.O. Box 5225, I r v i n g , Texas, through i t s s u b s i d i a r y , F r e i g h t l i n e r Cred i t Corporat ion (11/24/82) 3/

Minneapolis Northwest Bancorpora t ion , Minneapol is , Minnesota, n o t i f i c a t i o n of i n t e n t t o r e l o c a t e de novo a c t i v i t i e s ( in t he a c t i v i t i e s of consumer and commercial f i n a n c e , and t h e s a l e of c r e d i t -r e l a t e d insurance ) from Rainbow Vi l l age Shopping Cen te r , 2630-A Rainbow Way, Decatur , Georgia t o The Lenox Cen te r , 3355 Lenox Road NE, A t l a n t a , Georgia , which o f f i c e , upon r e l o c a t i o n , wi l l se rve A t l a n t a , Georgia , through i t s s u b s i d i a r y , Dial Finance Company of Georgia (11/23/82) 3/

Minneapolis Northwest Bancorpora t ion , Minneapol is , Minnesota , n o t i f i c a t i o n of i n t e n t t o r e l o c a t e de novo a c t i v i t i e s ( in t h e a c t i v i t i e s of consumer and commercial f i n a n c e , and t h e s a l e of c r e d i t -r e l a t e d insurance ) from 2198 East Market S t r e e t , Akron, Ohio t o B r i t t a i n Square , 1717 B r i t t a i n Road, S u i t e 109, Akron, Ohio, through i t s sub-s i d i a r i e s , Dial Finance Company of Ohio, F i r s t D i a l , I nc . and Dial Finance Company of Ohio No. 1, Inc . (11 /23/82) 3/

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


H.2, 1982 No. 48 - 13 -


Permi t t ed New York Manufacturers Hanover Corpora t ion , New York,

New York, n o t i f i c a t i o n of i n t e n t to engage through i t s i n d i r e c t s u b s i d i a r i e s (A) Tempco L i f e Insurance Company, Phoenix, Arizona, in t h e a c t i v i t y of r e i n s u r i n g s i n g l e and j o i n t c r e d i t l i f e insurance r e l a t e d t o ex tens ions of c r e d i t made by s u b s i d i a r i e s of Manufacturers Hanover Corpora t ion in I l l i n o i s ; and (B) R i t t e r L i f e Insurance Company, Huntington Val ley , Pennsy lvan ia , in t h e a c t i v i t y of r e i n s u r i n g s i n g l e c r e d i t l i f e i n su rance r e l a t e d to ex-t e n s i o n s of c r e d i t made by s u b s i d i a r i e s of Manufac turers Hanover Corporat ion in Massachuset ts (11 /21 /82) 3/

New York Manufacturers Hanover Corpora t ion , New York, New York, r e q u e s t s permiss ion to e s t a b l i s h a de novo o f f i c e engaging in t h e fo l lowing a c t i v i t i e s (making, a c q u i r i n g , o r s e r v i c i n g commercial loans and o t h e r ex t ens ions of c r e d i t such as could be made or acquired by a commercial f i n a n c e company under New Jersey law; such a c t i v i t i e s wi l l i n c l u d e , but not be l im i t ed t o , engaging in commercial and bus iness f i n a n c i n g of a l l t y p e s , and making loans se -cured by r e s i d e n t i a l r ea l e s t a t e t o i n d i v i d u a l s f o r bus ines s purposes) a t 930 N. Route 73, Marl ton, New J e r s e y , s e rv ing t h e e n t i r e S t a t e of New J e r s e y , through i t s s u b s i d i a r y , Finance One Commercial Corpora t ion (11/21/82) 3/

New York Manufac turers Hanover Corpo ra t i on , New York, New York, r e q u e s t s permiss ion t o e s t a b l i s h a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s (making, a c q u i r i n g , or s e r v i c i n g commercial loans and o the r ex t ens ions of c r e d i t such as could be made or acqui red by a commercial f i n a n c e company under Pennsylvania law; such a c t i v i t i e s wi l l i n c l u d e , but not be l i m i t e d t o , engaging in commercial and bus iness f i n a n c i n g of a l l t y p e s , and making loans secured by r e s i d e n t i a l rea l e s t a t e to i n d i v i d u a l s f o r bus iness purposes) a t 1600 Market S t r e e t , S u i t e 1313, P h i l a d e l p h i a , Pennsy lvan ia , s e rv ing t h e e n t i r e S t a t e of Pennsy lvan ia , through i t s s u b s i d i a r y , Finance One Commercial Corporat ion (11/21/82) 3/

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


H.2, 1982 No. 48 - 1 4 -


A t l a n t a Louisiana Bancorp, I n c . , Crowley, Lou i s i ana , 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 ( in t h e l e a s i n g of p e r s o n a l p rope r ty ) a t North Avenue G, Crowley, Lou i s i ana , through i t s s u b s i d i a r y , Louis iana Bancorp Leasing Company (11/22/82) 3/

Minneapol is Northwest Bancorpora t ion , Minneapol is , Minnesota, 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 ( s e r v i c i n g loans and o t h e r ex t ens ions of c r e d i t f o r o t h e r pe r sons ) a t 4814 North MacArthur Boulevard, Oklahoma C i t y , Oklahoma, se rv ing t h e c i t y of Oklahoma C i t y , Oklahoma, through i t s s u b s i d i a r y , Dial Finance Company of Oklahoma, Inc . (11 /23/82) 3/

Da l l a s F i r s t Ci ty F inanc ia l Co rpo ra t i on , Albuquerque, New Mexico, 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 ( in a l l f u n c t i o n s or a c t i v i t i e s t h a t may be performed by a t r u s t company, inc lud ing a c t i v i t i e s of a f i d u c i a r y , agency, or cus tod ian n a t u r e ) a t 2155 Louis iana Boulevard, NE, Albu-querque , New Mexico, s e rv ing B e r n a l i l l o County and t h e S t a t e of New Mexico, t o t he e x t e n t permi t ted by New Mexico S t a t u t e s , through i t s s u b s i d i a r y , F i r s t City Trus t Company (11/22/82) 3/

BankAmerica Corpora t ion , 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 con t inue t o 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 t h e i r own account loans and o t h e r ex t ens ions of c r e d i t such as would be made or acqui red by a f i n a n c e company, s e r v i c i n g loans and o t h e r 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 i n s u r a n c e , c r e d i t - r e l a t e d acc iden t and h e a l t h insu rance and c r e d i t - r e l a t e d pro-p e r t y insurance in t h e s t a t e s of M i s s i s s i p p i and Alabama; such a c t i v i t i e s wi l l i n c l u d e , but 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 , purchas ing i n s t a l l m e n t s a l e s c o n t r a c t s , making loans and o the r ex t ens ions of c r e d i t t o small b u s i n e s s e s , making loans and o the r ex-t e n s i o n s of c r e d i t secured by rea l and personal p r o p 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 acc iden t and h e a l t h , and c r e d i t -

San Franc isco

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


H.2, 1982 No. 48 - 15 -


r e l a t e d p rope r ty in 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 made or acqui red by both FinanceAmerica I n d u s t r i a l Plan Inc . and FinanceAmerica Corpora t ion ; 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 acc iden t and hea l t h insurance may be r e i n s u r e d by BA Insurance Company, I n c . , an a f f i l i a t e of both Finance-America I n d u s t r i a l Plan Inc . and FinanceAmerica Corpora t ion) a t V i l l age East Shopping P l a z a , 233 Alabama S t r e e t , Columbus, M i s s i s s i p p i , s e rv ing t h e e n t i r e S t a t e s of Mis s i s s ipp i and Alabama, through i t s i n d i r e c t s u b s i d i a r i e s , FinanceAmerica I n d u s t r i a l Plan Inc . and FinanceAmerica Corpora t ion (both M i s s i s s i p p i c o r p o r a t i o n s ) (11/22/82) 2J

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


H.2, 1982 No. 48 - 16 -

APPLICATIONS RECEIVED

To Become a Member of t he Federal Reserve System Pursuant t o Sec t ion 9 of t h e Federa l Reserve Act

San Great Western Bank, D a l l a s , Oregon. 2/ Franc i sco

To E s t a b l i s h a Domestic Branch Pursuant To Sec t ion 9 of t h e Federal Reserve Act

Chicago The De Kalb Bank, De Kalb, I l l i n o i s . To e s t a b l i s h an ATM a t the fo l lowing l o c a t i o n s : 1700 Syca-more Road and 901 South Fourth S t r e e t , both in De Kalb, I l l i n o i s . 2/

Chicago Chemical Bank and Trus t Company, Midland, Michigan. 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 I n t e r n a t i o n a l Headquar ters of t he Dow Chemical Company, 2030 Dow Cen te r , Midland, Michigan. 2/

Ph i l ade lph i a Girard Bank, Bala Cynwyd, Pennsylvania . 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 Un ive r s i ty Ci ty Shopping Cente r , 4007 Locust S t r e e t , P h i l a d e l p h i a , Pennsy lvan ia . 2 /

* * * * *

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

Boston Maine National Co rp . , P o r t l a n d , Maine, f o r approval t o a cqu i r e 100 pe rcen t of t h e vo t ing sha res of Maine National Bank, P o r t l a n d , Maine. 2 /

New York Bras i l i n v e s t S.A. Inves t imen tos , P a r t i c i p a t e s e Negocios; B r a s i l i n v e s t S.A. Banco de Inves t imen to ; and B r a s i l i n v e s t S.A. I n t e r n a t i o n a l (Panama); a l l of Sao Paulo, B r a z i l ; and B r a s i l i n v e s t Overseas Bank Limited (Nassau) , Nassau, t h e Bahamas, f o r approval t o a c q u i r e 100 pe rcen t of t h e vot ing sha res of The F i r s t Women's Bank, New York, New York. 2 /

77 App l i ca t ion s u b j e c t t o Community Reinvestment Act . 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 Reserve Bank may be con tac ted a s t o the length of t he comment p e r i o d .


H.2, 1982 No. 48 - 17 -

APPLICATIONS RECEIVED - Continued

Cleve land

A t l a n t a

A t l a n t a

Chicago

Chicago

Chicago

S t . Louis

S t . Louis

Exchange F inanc ia l C o r p o r a t i o n , Mount S t e r l i n g , Kentucky, f o r approval 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 vo t ing s h a r e s of The Ex-change Bank of Kentucky, Mount S t e r l i n g , Kentucky. 2/

TMB Bankshares , I n c . , West Palm Beach, F l o r i d a , f o r approval t o a c q u i r e 100 pe rcen t of the vo t ing s h a r e s of The Mall Bank, West Palm Beach, F l o r i d a . 2/

Union Bancshares , I n c o r p o r a t e d , M a r k s v i l l e , L o u i s i a n a , f o r approval t o a c q u i r e a t l e a s t 80 pe rcen t of t h e vo t ing sha re s of The Union Bank, M a r k s v i l l e , L o u i s i a n a . 2/

Drake Holding Company, I n c . , R a d c l i f f e , Iowa, f o r approval t o a c q u i r e a t l e a s t 82 .8 percent of t he vo t ing sha re s of S e c u r i t y S t a t e Bank, R a d c l i f f e , Iowa. 2/

MWA Bancorpora t ion , E s t h e r v i l l e , Iowa, f o r approval t o a c q u i r e a t l e a s t 80 percent of t h e vo t ing sha re s of The Emmet County S t a t e Bank, E s t h e r v i l l e , Iowa and F i r s t Bank and T r u s t , S p i r i t Lake, Iowa. 2/

Valley F inanc ia l S e r v i c e s , I n c . , South E lg in , I l l i n o i s , f o r approval t o a c q u i r e a t l e a s t 80 pe rcen t of t h e vo t ing sha res of Valley Bank and Trus t Company, South E l g i n , I l l i n o i s . 2]

Morgantown Deposit Bancorp, I n c . , Morgantown, Kentucky, f o r approval to a c q u i r e 100 percen t of the vot ing sha res of t h e successor by merger t o Morgantown Deposi t Bank, Morgantown, Kentucky. 2 /

S a l i n e Bancorp . , I n c . , H a r r i s b u r g , I l l i n o i s , f o r approval t o a c q u i r e 81.16 pe rcen t of t h e vo t ing s h a r e s of Bank of H a r r i s b u r g , Ha r r i sbu rg , I l l i n o i s . 2/

77 A p p l i c a t i o n s u b j e c t to Community Reinvestment Act. 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 Reserve Bank may be con tac ted as t o the l eng th of t h e comment p e r i o d .


H.2, 1982 No. 48 - 1 8 -


S t . Louis

Minneapolis

Kansas City

Kansas City

Kansas Ci ty

Kansas Ci ty

Dal l a s

San Franc i sco

San Franc isco

WEST FRANKFORT COMMUNITY BANCSHARES, INC., West F r a n k f o r t , I l l i n o i s , f o r approval t o acqu i r e a t l e a s t 90.02 pe rcen t of t he vo t ing sha res of The F i r s t Community Bank of West F r a n k f o r t , West F r a n k f o r t , I l l i n o i s . 2/

F i r s t Sharon Holding Company, I n c . , Sharon, North Dakota, f o r approval t o a c q u i r e 94.62 pe rcen t of t h e vot ing sha res of F i r s t S t a t e Bank of Sharon, Sharon, North Dakota. 2/

Granada Bankshares , I n c . , Granada, Colorado, f o r approval t o a c q u i r e a t l e a s t 88 pe rcen t of t h e vot ing shares of The American S t a t e Bank, Granada, Colorado. 2/

Holly Bankshares, I n c . , Hol ly , Colorado, f o r approval t o a c q u i r e 100 pe rcen t of t h e vot ing sha res of F i r s t Bank & T r u s t , Holly, Colorado. 2/

Pine Ridge Management Company, Chadron, Nebraska, f o r approval t o a cqu i r e a t l e a s t 80 percen t of t h e vot ing sha res of F i r s t National Bank of Chadron, Chadron, Nebraska, 2/

TBI Bancshares , I n c . , Kansas C i t y , Mis sour i , f o r approval t o a c q u i r e 100 pe rcen t of t h e vo t ing s h a r e s of Traders Bank of Kansas C i t y , Kansas C i t y , Missour i . 2/

Sta tewide Bancshares Corpo ra t i on , Cedar H i l l , Texas, f o r approval t o a c q u i r e a t l e a s t 88 pe rcen t of t h e vot ing shares of F i r s t Bank & Trust Company, Cedar H i l l , Texas. 2 /

Carmel Bancorpora t ion , Carmel, C a l i f o r n i a , f o r approval t o a c q u i r e 100 percen t of t h e vo t ing sha re s of t h e successor by merger t o National Bank of Carmel, Carmel, C a l i f o r n i a . 2/

Cont inen ta l Bancorp, Fresno , C a l i f o r n i a , f o r approval t o a c q u i r e 100 percen t of t h e vo t ing sha re s of Cont inenta l National Bank, Fresno, C a l i f o r n i a . 2 /

Tj App l i ca t ion s u b j e c t t o Community Reinvestment Act . 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 Reserve Bank may be con tac ted as t o t h e l eng th of t h e comment p e r i o d .

I


H.2, 1982 No. 48 - 1 9 -

San Franc i sco

San F ranc i sco

San Franci sco


INB Bancorp, Covina, C a l i f o r n i a , f o r approval to a c q u i r e 100 percen t of t h e vot ing sha res of Independence National Bank, Covina, C a l i f o r n i a , a proposed new bank. 2/

Monteci to Bancorp, Montec i to , C a l i f o r n i a , f o r approval t o a c q u i r e 100 percen t of the vot ing sha res of The Bank of Montec i to , Santa Barbara , C a l i f o r n i a . 2/

North American Bancorp, Los Angeles , C a l i f o r n i a , f o r approval t o a c q u i r e 100 pe rcen t of t he vo t ing shares of I n t e r n a t i o n a l Bank of North America, National A s s o c i a t i o n , Los Angeles, C a l i f o r n i a , a proposed new bank. 2/

* * * * *

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

New York Key Banks I n c . , Albany, New York, f o r approval t o a c q u i r e 100 pe rcen t of t h e vo t ing shares of Bankers Trust Company of Western New York, Jamestown, New York. 2/

A t l a n t a Barne t t 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 , f o r approval t o a c q u i r e 100 percent of t h e vot ing sha res of The S t a t e Exchange Bank, Lake C i ty , F l o r i d a ; and Treasure Coast Bankcorp, I n c . , Port S t . Lucie , F lo r i da and i n d i r e c t l y Port S t . Lucie Bank, Port S t . Lucie , F l o r i d a . 2/

At lan ta Brannen Banks of F l o r i d a , I n c . , Dunnellon, F l o r i d a , f o r approval t o a c q u i r e 100 pe rcen t of t h e vot ing sha res of The Bank of I n v e r n e s s , I n v e r n e s s , F l o r i d a , Crys ta l River Bank, Crys ta l River , F lo r i da and Homosassa Springs Bank, Homosassa S p r i n g s , F l o r i d a . 2J

Chicago Hawkeye Bancorpora t ion , Des Moines, Iowa, f o r approval t o a c q u i r e 100 pe rcen t of t h e vot ing sha res of Onawa S t a t e Bank, Onawa, Iowa. 2J

"ZJ App l i ca t i on s u b j e c t t o Community Reinvestment Act . 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 Reserve Bank may be con tac t ed as t o t he l eng th of t he comment p e r i o d .


H.2, 1982 No. 48 - 2 0


Kansas Ci ty Broadway Bancshares , I n c . , Kansas C i t y , Mis sou r i , f o r approval to a c q u i r e a t l e a s t 25 percent of the vot ing shares of TBI Bancshares , I n c . , Kansas C i ty , Missouri and i n d i r e c t l y Traders Bank of Kansas C i t y , Kansas C i t y , Missour i . 7J

Kansas City I n t e r n a t i o n a l Bancshares , I n c . , Gladstone, Missour i , f o r approval t o a c q u i r e a t l e a s t 25 pe rcen t of t h e vot ing sha res of TBI Bancshares , I n c . , Kansas C i t y , Missouri and i n d i r e c t l y Traders Bank of Kansas C i t y , Kansas C i t y , Missour i . 2/

Kansas Ci ty Metro Bancshares , I n c . , Kansas C i t y , Mis sou r i , f o r approval t o a c q u i r e a t l e a s t 25 percen t of TBI Bancshares , I n c . , Kansas C i t y , Missouri and i n -d i r e c t l y Traders Bank of Kansas C i t y , Kansas C i t y , Mis sou r i . 2/

Kansas City

Kansas Ci ty

Dal l as

Dal l a s

Dal 1 as

Met ropol i tan Bancshares , I n c . , Kansas C i t y , M i s s o u r i , f o r approval t o a c q u i r e a t l e a s t 25 pe rcen t of t h e vo t ing sha res of TBI Bancshares , I n c . , Kansas C i t y , Missouri and i n d i r e c t l y Traders Bank of Kansas C i t y , Kansas C i ty , Mis sou r i . 2/

Union Bancorpora t ion , I n c . , Oklahoma C i t y , Oklahoma, f o r approval t o a c q u i r e an a d d i t i o n a l 2 .4 percent of t h e vot ing sha re s of United Oklahoma Bankshares , I n c . , Oklahoma C i t y , Oklahoma. 2/

Coastal Bend Bancshares , I n c . , Robstown, Texas, f o r approval t o a c q u i r e 53 .9 percent of t h e vot ing sha re s of Coastal Bend National Bank, Corpus C h r i s t i , Texas. 2J

National Bancshares Corpora t ion of Texas, San Antonio, Texas, f o r approval t o acqu i r e 100 pe rcen t of the vot ing sha re s of Southwest S t a t e Bank, Corpus C h r i s t i , Texas. 2 /

United Bankers , I n c . , Waco, Texas, f o r approval t o a c q u i r e a t l e a s t 61.84 pe rcen t of t h e vot ing sha re s of Marl in Bancshares , I n c . , Marl i n , Texas and i n -d i r e c t l y F i r s t S t a t e Bank of Marl i n , Marl i n , Texas. 2 /

2/ App l i ca t ion s u b j e c t t o Community Reinvestment Act . 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 Reserve Bank may be con tac t ed a s t o t h e length of t h e comment p e r i o d .

I


H.2, 1982 No. 48 - 2 1 -


Dal l a s V i c t o r i a Bankshares , I n c . , V i c t o r i a , Texas, f o r approval t o a c q u i r e 100 pe rcen t of t h e vot ing s h a r e s of Bank of Commerce, Port Comfort , Texas. 2/

San F r a n c i s c o

Tennessee Homestead Company, Odgen, Utah, f o r approval t o a c q u i r e an a d d i t i o n a l 12.99 pe rcen t of t h e vo t ing sha re s of Bank of Utah, Ogden, Utah. 2/

San F ranc i sco

Washington Community Bancshares , I n c . , Tacoma, Washington, f o r approval t o a cqu i r e 100 percen t of t h e ou t s t and ing vot ing sha res of Tumwater S t a t e Bank, Tumwater, Washington. 2/

* * * * *

To Expand a Bank Holding Company Pursuant t o Sect ion 3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956

S t . Louis F i r s t Arkansas Bankstock Corpora t ion , L i t t l e Rock, Arkansas , f o r approval t o a c q u i r e a t l e a s t 9 .0 pe rcen t of t h e vo t ing sha re s of Pope County Bankshares , I n c . , R u s s e l 1 v i l l e , Arkansas and i n d i r e c t l y a t l e a s t 80 .0 percen t of Peoples Bank & Trus t Company, R u s s e l 1 v i l l e , Arkansas. 2/

S t . Louis Union P l a n t e r s Corpora t ion , Memphis, Tennessee, f o r approval t o a c q u i r e 100 pe rcen t of t he vot ing s h a r e s of t h e succes so r by merger t o Tennessee Commerce C o r p o r a t i o n , Jackson , Tennessee and i n d i r e c t l y F i r s t National Bank of Gibson C i t y , Humboldt; and National Bank of Commerce of Jackson , Jackson , both in Tennessee . 2/

* * * * *

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

New York The Bank of New York Company, I n c . , New York, New York, r e q u e s t s permiss ion t o e s t a b l i s h t h r e e de novo o f f i c e s engaging in t he fo l lowing a c t i v i t i e s (making loans secured by f i r s t and

27 A p p l i c a t i o n s u b j e c t t o Community Reinvestment Act . 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 Reserve Bank may be con tac ted a s t o t h e l eng th of t h e comment p e r i o d .


H.2, 1982 No. 48 - 22 -


second mortgages on rea l e s t a t e c o n s i s t i n g of o n e - t o - f o u r fami ly r e s i d e n t i a l p r o p e r t i e s ) a t 7301 Topanga Canyon Boulevard, Conaga Park, C a l i f o r n i a , with a primary s e r v i c e area of the San Fernando Va l ley , being p o r t i o n s of Los Angeles and Ventura Count ies , C a l i f o r n i a ; 2045 Spr ings Road, V a l l e j o , C a l i f o r n i a , with a primary s e r v i c e area of Solano, Sonoma, Mar t in , Napa and Contra Costa Coun t i e s , C a l i f o r n i a , and 408 S. Main S t r e e t , S a l i n a s , C a l i f o r n i a , wi th a primary s e r v i c e area of Monterey, Santa Cruz and San Benito Count ies , C a l i f o r n i a , through i t s s u b s i d i a r y , ARCS Mortgage, Inc . (11/26/82)

New York Chemical New York Corpo ra t i on , New York, New York, r e q u e s t s permiss ion t o e s t a b l i s h a de novo o f f i c e engaging in t he fo l lowing a c t i v i t i e s (gene ra t ing and s e r v i c i n g loans and o t h e r ex t ens ions of c r e d i t ; making or a c q u i r i n g consumer l o a n s ; a c q u i r i n g i n s t a l l m e n t c o n t r a c t s from r e t a i l s e l l e r s cover ing the t ime s a l e s of goods and r e l a t e d s e r v i c e s ; making or a cqu i r i ng loans and o the r ex t ens ions of c r e d i t t o bus ine s se s inc lud ing but not l i m i t e d t o , i nven to ry f i n a n c i n g ; making a v a i l a b l e t o i t s deb to r s c r e d i t - r e l a t e d l i f e and acc iden t and h e a l t h insu rance d i r e c t l y r e l a t e d t o such lending a c t i v i t i e s 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 laws and r e g u l a t i o n s , t h e s e r v i c e area of t h i s o f f i c e w i l l be t he S t a t e of C a l i f o r n i a ) a t 3330 Clayton Road, Concord, C a l i f o r n i a , through i t s s u b s i d i a r y , Sunamerica Corpora t ion (11/24/82)

New York C i t i c o r p , New York, New York, fo r approval t o engage d i r e c t l y or i n d i r e c t l y through C i t i c o r p S e r v i c e s , I n c . , New York, New York, in the i s suance and s a l e of money o rde r s and o t h e r payment ins t rument s in a l l denominations without l i m i t as t o f a c e va lue .

Ph i l ade lph i a F i r s t National Bancorp of Allentown, I n c . , A l l en -town, Pennsy lvania , 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 ( in t h e a c t i v i t y of u n d e r w r i t i n g , a s r e i n s u r e r , 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 su rance d i r e c t l y r e l a t e d t o ex t ens ions of c r e d i t by A p p l i c a n t ' s s u b s i d i a r y , The F i r s t National Bank of Allentown and any o t h e r banking


H.2, 1982 No. 48 - 2 3 -


At lan ta

A t l an t a

Chicago

San F ranc i sco

and non-banking s u b s i d i a r i e s of F i r s t National Bancorp of Allentown, I n c . ) a t 234 North Centra l Avenue, Phoenix, Ar izona , t he geographic area served wi l l i n i t i a l l y be Pennsylvania , New J e r s e y , New York, Maryland and Delaware, through i t s s u b s i d i a r y , F i r a l L i f e Insurance Co. (11 /16 /82)

F i r s t Rai l road & Banking Company of Georgia , Augusta, Georgia , 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 ( in provid ing da ta p rocess ing s e r v i c e s and r e l a t e d s e r v i c e s such as da ta p rocess ing and suppor t ing equ ip -ment s a l e s , c o n s u l t i n g r e l a t i v e to the use and a p p l i c a b i l i t y of da ta p roces s ing equipment and s e r v i c e s , and e l e c t r o n i c funds t r a n s f e r systems) a t 2695 Buford Highway NE, A t l a n t a , Georgia ( s e r v i c i n g Georgia , Alabama, North C a r o l i n a , and South C a r o l i n a ) , and 8031 NW 14th S t r e e t , Miami, F lo r ida ( s e r v i c i n g F l o r i d a ) ; through remote i n p u t / o u t p u t da ta c o l l e c t i o n c e n t e r s a t 2695 Buford Highway NE, A t l a n t a , Georgia; 699 Broad S t r e e t , Augusta, Georgia; 120 Third Avenue, Mou l t r i e , Georgia ; 208 T.V. Road, Dothan, Alabama; 14th and Har r i s S t r e e t , Corde le , Georgia , 2380 Murphy B lvd . , G a i n s v i l i e , Georgia; 501 Broad S t r e e t , Rome, Georgia; 60 Commerce S t r e e t , Montgomery, Alabama and 1320 East Morehead S t r e e t , C h a r l o t t e , North C a r o l i n a ; and through i n p u t / o u t p u t equipment l oca t ed in the cus tomers ' o f f i c e s , through i t s s u b s i d i a r y , F i r s t F inanc ia l Management Corporat ion (11 /17 /82)

Louis iana Bancorp, I n c . , Crowley, Lou i s i ana , 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 ( in the l e a s i n g of personal p rope r ty ) a t North Avenue G, Crowley, Lou i s i ana , through i t s sub-s i d i a r y , Louis iana Bancorp Leasing Company (10 /8 /82)

Drake Holding Company, I n c . , R a d c l i f f e , Iowa, f o r approval t o engage in general insurance a c t i v i t i e s in a town of l e s s than 5 ,000.

BankAmerica Corpora t ion , San F ranc i s co , 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 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 loans and o the r e x t e n s i o n s of c r e d i t such as would be made or acqui red by a f i n a n c e company;


H.2, 1 982 No. 48 - 2 4 -


s e r v i c i n g loans and o the r ex t ens ions of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e insurance and c r e d i t - r e l a t e d acc iden t and hea l t h i n su rance ; c r e d i t - r e l a t e d p roper ty insurance wi l l not be o f f e r e d by e i t h e r c o r p o r a t i o n in the S t a t e of Michigan; such a c t i v i t i e s wi l l i n c l u d e , but not be l im i t ed t o , making consumer i n s t a l l m e n t l o a n s , purchasing i n s t a l l m e n t s a l e s f i nance c o n t r a c t s , making loans and o ther ex tens ions of c r e d i t to small b u s i n e s s e s , making loans secured by rea l and personal p r o p 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 and c r e d i t - r e l a t e d acc iden t and hea l th insu rance d i r e c t l y r e l a t e d to ex t ens ions of c r e d i t made or acquired by both FinanceAmerica Cred i t Corpora t ion and FinanceAmerica Corpora t ion , t o t h e ex t en t permi t ted by Michigan law; 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 acc iden t and hea l th insurance may be r e insu red by BA Insurance Company, I n c . , an a f f i l i a t e of both FinanceAmerica Credi t Corpora t ion and FinanceAmerica Corpora t ion) in B a t t l e Creek, Grand Rapids , F lush ing , Jackson, Kalamazoo, Lansing, Livonia and Troy, Michigan, se rv ing t h e e n t i r e S t a t e of Michigan, through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Cred i t Corpora t ion (a Delaware c o r p o r a t i o n ) and FinanceAmerica Corpora t ion (a Michigan c o r p o r a t i o n ) (11/25/82)

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 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 (making or acqu i r ing f o r i t s own account or f o r t he account of o t h e r s , loans and ex tens ions of c r e d i t , i nc lud ing making consumer i n s t a l l m e n t personal l o a n s , purchas ing consumer i n s t a l l m e n t s a l e s f i n a n c e con-t r a c t s , making loans to small bus ines ses and o t h e r ex tens ions of c r e d i t such as would be made by a f a c t o r i n g company or a consumer f i n a n c e company, and a c t i n g as broker or agent f o r 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 a cc iden t and hea l t h i n -su rance) in Birmingham, Alabama, se rv ing t h e S t a t e of Alabama; C h a r l o t t e and Ra le igh , North C a r o l i n a , s e rv ing t h e S t a t e of North Carol ina and Char les ton and Columbia, South C a r o l i n a , s e rv ing the S t a t e of South C a r o l i n a , through i t s 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. (11/23/82)

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 F ranc i sco t o engage in de novo 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 of loans and o the r ex t ens ions of

San Franci sco

i


H.2, 1982 No. 48 - 25 -

APPLICATIQNS RECEIVED - Continued

c r e d i t , e i t h e r secured or unsecured , f o r i t s own account or f o r t h e account of o t h e r s , i nc lud ing but not l i m i t e d t o , commercial , consumer l o a n s ; i n s t a l l m e n t s a l e s c o n t r a c t s and o t h e r forms of r e c e i v a b l e s ; i s s u i n g passbook and investment c e r t i f i c a t e s ; making inves tments as pe rmi t t ed by Colorado Revised S t a t u t e s 11-22-101 t o 11-22-517; and a c t i n g as i n su rance agent with regard t o c r e d i t l i f e and d i s a b i l i t y i n s u r a n c e s o l e l y in connec t ion with e x t e n s i o n s of c r e d i t by F t . C o l l i n s I n d u s t r i a l ) a t For t C o l l i n s U. S. I n d u s t r i a l Bank, 760 Whalers Way, Fort C o l l i n s , Colorado, through For t C o l l i n s U. S. I n d u s t r i a l Bank, a wholly-owned s u b s i d i a r y of U. S. Bancorp F i n a n c i a l , Inc . (11 /25 /82)

* * * * *

REPORTS RECEIVED

Current Report F i l ed Pursuant t o Sec t ion 13 of t h e S e c u r i t i e s Exchange Act

Columbia P a c i f i c Bank & Trus t Co. P o r t l a n d , Ohio (Month of November)

* * * * *

PETITIONS FOR RULEMAKING

None.


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