h2_19830129.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1983 No. 5)

Actions of the Board; Appl icat ions and Reports

Received During the Week Ending January 29, 1983

APPLICABLE RESERVE BANK ACTIONS OF THE BOARD

Statement by Chairman Paul A. Volcker before the Joint Economic Committee t o d i s c u s s domestic and in ternat ion l economic p o l i c i e s within the context of recent and prospect ive developments.

Rules Regarding Delegation o f Authori ty , t o the Director of the Div i s ion of Consumer and Community A f f a i r s the author i ty t o make determinations under s e c t i o n 226.28 of Regulation Z and s e c t i o n 213.7 of Regulation M regarding the e f f e c t of the Truth in Lending Act on Analogous s t a t e laws; e f f e c t i v e date: February 2 , 1983 (Docket'No. R-0448)

Bankruptcy Reform Act of 1978, proposed technica l amendments that would s t a b i l i z e the market for repurchase agreements; l e t t e r s sent t o the Senate and House Judic iary Committees.

Regulation Z, Truth in Lending, D e f i n i t i o n of Arranger of Credi t ; Exemption of Certain Student Loans; Treatment of Certain Disc losure Errors; and O f f i c i a l S t a f f Commentary Update; comments must be received on or before March 3, 1983.

Regulation Z, Truth in Lending, determination of e f f e c t on State laws (Arizona, F lor ida , Missouri , and $outh Carolina) (Docket No. R-0395)'

Chicago F ir s t Trust & Savings Bank of Kankakee, Kankakee, I l l i n o i s , prepayment of a cap i ta l no te . ]_/

Atlanta AmSoutn Bancorporation, Birmingham, Alabama, extens ion of time t o March 25, 1983, within which to acquire shares of National Bank of Birmingham, Birmingham, Alabama. 1/

J_/ Appl icat ion processed on behalf of the Board of Governors under delegated author i ty .

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

H.2, 1983 No. 5 - 2 -

ACTIONS OF THE BOARD - Continued

Kansas City Associated Bank Shares Corporation, Colorado Springs, Colorado, extens ion of time t o April 29, 1983, within which t o acquire Ci t i zens National Bank, Colorado Springs, Colorado. V

Kansas City Community Corporation, Enid, Oklahoma, extens ion of t ime t o April 25, 1983, within which to acquire Community Bank & Trust Company, Enid, Oklahoma. V

Atlanta F.M.B. Corporation, Monti c e l l o , F lor ida , extens ion of t ime t o March 17, 1983, within which t o be-come a bank holding company by acquiring Farmers & Merchants Bank, Mont ice l lo , Flor ida. 1_/

St . Louis Kentucky Southern Bancorp, I n c . , Bowling Green, Kentucky, extens ion of time t o May 3, 1983, within which t o become a bank holding company through the a c q u i s i t i o n of the successor by merger t o The C i t i zens National Bank of Bowling Green, Bowling Green, Kentucky. ]_/

Kansas City Lakeshore Bankshares, I n c . , Oklahoma Ci ty , Oklahoma, extens ion of time t o April 1, 1983, within which to acquire Lakeshore Bank, N.A., Oklahoma Ci ty , Okla-homa. W

Kansas City OMNIBANCORP, Denver, Colorado, extens ion of time t o June 20, 1983, within which to acquire OMNIBANK Arapahoe, N.A., Arapahoe County, Colorado. ]_/

Dallas Promenade Bancshares, I n c . , Richardson, Texas, ex-tens ion of time to May 16, 1983, within which to acquire Promenade National Bank, Richardson, Texas. 1J

Atlanta 7 L Corporation, Tampa, F lor ida , extension of time t o March 14, 1983, within which to acquire shares of F i r s t Florida Banks, I n c . , Tampa, Flor ida. JJ

Dallas Texas American Bancshares I n c . , Fort Worth, Texas, extens ion of time t o April 18, 1983, within which to acquire Texas American Bank/Las Col inas , N.A., I rv ing , Texas. JJ

Dallas Timpson Financial Corporation, Timpson, Texas, ex-tens ion of time t o May 6 , 1 9 8 3 , within which to acquire F irs t State Bank, Timpson, Texas. 1/

TJ Appl icat ion processed on behalf of the Board of Governors under de legated author i ty .


H.2, 1983 No. 5 - 3 -

Atlanta

Atlanta

Minneapolis

St . Louis

Cleveland

Richmond

Dal las

Chicago

Atlanta

Richmond


United Bancorporation of Alabama, In c . , Atmore, Alabama, extension of time t o May 6, 1983, within which to become a bank holding company by acquiring the Bank of Atmore, Atmore, Alabama, and Peoples Bank of Frisco Ci ty , Frisco Ci ty , Alabama. V

Bank Independent, S h e f f i e l d , Alabama, an investment in bank premises. J_/

Farmers State Bank, West Concord, Minnesota, an investment in bank premises. \J

Firs t State Bank of Mounds, Mounds, I l l i n o i s , an additional investment in bank premises, j /

Peoples Bank and Trust Company, Van Wert, Ohio, an investment in bank premises. V

United Virginia Bank, Richmond, Virginia , e s t a b l i s h a branch at 10100 Hull Street Road, Midlothian, Virginia . XJ

Bank of the West, Galveston, Texas, proposed merger with New Bank of the West, Galveston, Texas, report t o the Federal Deposit Insurance Corporation on competit ive f a c t o r s . J /

F irs t Merchants National Bank, Muncie, Indiana, proposed merger with The Merchants National BanK of Muncie, Muncie, Indiana, under the charter of First Merchants National Bank and t i t l e of Merchants National Bank of Muncie; report to the Comptroller of thd Currency on competit ive f a c t o r s . J /

F irs t National Bank of De Funiak Springs, De Funiak, Florida; proposed merger with Sun First National Bank of De Funiak Springs, De Funiak Springs, Florida; report to the Comptroller of the Currency on competit ive f a c t o r s . V

Firs t National Bank of Morgantown, Morgantown, West Virginia , proposed merger with The Suncrest National Bank, Morgantown, West Virginia; report to the Comp-t r o l l e r of the Currency on competit ive f a c t o r s . 1 /

T'] Application processed on behalf of the Board of Governors under delegated authori ty .


H.2, 1983 No. 5 - 4 -


Dallas Huntsvi l le National Bank, Huntsv i l l e , Texas, proposed merger with New Huntsvi l le Bank, Huntsv i l l e , Texas; report t o the Federal Deposit Insurance Corporation on competit ive f a c t o r s . 1 /

Dallas Lamar State Bank, Beaumont, Texas, proposed merger with New Lamar State Bank, Beaumont, Texas, report t o the Federal Deposit Insurance Corporation on competit ive f a c t o r s . V

Dallas New Firs t National Bank of Ing le s ide , Ing le s ide , Texas, proposed merger with F irs t National Bank of Ing le s ide , I n g l e s i d e , Texas; report to the Comptroller of the Currency on competit ive f a c t o r s . 1/

Dallas ONB National Bank, Monroe, Louisiana, proposed merger with The Ouachita National Bank in Monroe, Monroe, Louisiana; report to the Comptroller of the Currency on competi t ive f a c t o r s . V

Richmond Peoples Bank and Trust Company, Rocky Mount, North Carolina, proposed purchase of a s s e t s and assumption of l i a b i l i t i e s of e igh t Jacksonvi l l e and Wilmington area o f f i c e s of North Carolina National Bank, Charlotte , North Carolina; report t o the Federal Deposit Insurance Corporation on competit ive f a c t o r s . ]_/

TJ Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1983 No. 5 - 5 -


To Establ ish a Branch Pursuant t o Section 9 of the Federal Reserve Act

Approved Richmond United Virginia Bank, Richmond, Virginia . To

e s t a b l i s h a branch at a locat ion currently occupied by F irs t Colonial Savings and Loan Assoc ia t ion , 10100 Hull Street Road, Midlothian, Ches ter f i e ld County, Virg in ia . 1 /

* * * * *

To Become a Member of the Federal Reserve System Pursuant t o Section 9 of the Federal Reserve Act

Approved Dallas North Texas Bank & Trust, G a i n e s v i l l e , Texas. 1 /

* * * * *

Issued Intent Not t o Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978

Not Disapproved Kansas City Cunningham Agency, Inc . , Mound City , Kansas. V

Kansas City Geary Bancshares, I n c . , Geary, Oklahoma. J /

Kansas City Herington Bancshares, I n c . , Herington, Kansas. 1 /

Dallas Deport Bancshares, I n c . , Fort Worth, Texas. 1 /

* * * * *

T/ Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1983 No. 5 - 6 -


Applications and N o t i f i c a t i o n s for International Investments and Other Actions Pursuant t o Sect ions 25 and 25(a)

of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) and 4 (c ) (13) of the Bank Holding Company Act of 1956, as amended

Approved New York Al l i ed International Bancorp, I n c . , New York, New

York: grants consent for Bancorp t o i s sue 1,200 shares of 1982 Cumulative Dividend-Bearing Preferred Stock with a par value.

Chicago F irs t Chicago International Finance Corporation, Chicago, I l l i n o i s : grants consent t o make an addit ional investment in i t s wholly-owned sub-s i d i a r y , The Firs t National Bank of Chicago ( C . I . ) , Limited, St . Peters Port, Guernsey, Channel Is lands.

Sixty-Day N o t i f i c a t i o n Period Allowed to Expire New York Citibank, N.A., New York, New York: no object ion t o

make, d i r e c t l y or i n d i r e c t l y , an additional inves t -ment in i t s wholly-owned commercial bank subs id iary , Citibank (Channel Is lands) Limited, St. Hel ier , Jersey, Channel Is lands.

* * * * *

To Organize, or Invest i n , a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant t o Section 25 or 25(a) of

the Federal Reserve Act

Approved New York Banque Indosuez, Paris , France: grants consent t o

e s t a b l i s h an Edge Act Corporation in Houston, Texas, to be named Indosuez Bank Internat ional .

New York The Chase Manhattan Bank, N.A., New York, New York: grants consent t o e s t a b l i s h an Edge Act Corporation in Newark, Delaware t o be named Chase Manhattan Capital Markets Internat ional .

* * * * *


H. 2, 1983 No. 5 - 7 -


To Form a Bank Holding Company Pursuant t o Section 3 (a ) (1 ) of the Bank Holding Company Act of 1956

Withdrawn Richmond United Bancorp, I n c . , Dunbar, West Virginia , for

approval t o acquire at l e a s t 80.004 percent of the voting shares of The Bank of Dunbar, Dunbar, West Virginia .

New York Approved

Bath National Corporation, Bath, New York, for approval t o acquire at l e a s t 90 percent of the voting shares of the successor by merger t o The Bath National Bank, Bath, New York. 1/

Cleveland

Chicago

Chicago

Chicago

St . Louis

St . Louis

FNH Corporation, Herminie, Pennsylvania, for approval t o acquire 100 percent of the voting shares of The F ir s t National Bank of Herminie, Herminie, Pennsylvania. J /

FIRST MERCHANTS CORPORATION, Muncie, Indiana, for approval t o acquire 100 percent of the voting shares of the successor by merger t o The Merchants National Bank of Muncie, Muncie, Indiana. V

FTS Financia l , I n c . , Williamsburg, Iowa, for approval t o acquire at l e a s t 80 percent of the voting shares of Farmers Trust and Savings Bank, Williamsburg, Iowa. V

Ravenswood Financial Corporation, Chicago, I l l i n o i s , for approval t o acquire 100 percent of the voting shares ( l e s s d i r e c t o r s ' qua l i fy ing shares) of the successor by merger t o Bank of Ravenswood, Chicago, I l l i n o i s . 1 /

Bancorp, of Southern Indiana, Seymour, Indiana, for approval t o acquire 100 percent of the voting shares ( l e s s d i r e c t o r s ' qua l i fy ing shares) of the successor by merger t o Jackson County Bank, Seymour, Indiana. ]_/

Country Bancorp, I n c . , Mount Ol ive , I l l i n o i s , for approval to acquire 100 percent of t h e voting shares of the successor by merger to National Bank of Mount Ol ive , Mount Ol ive , I l l i n o i s . 1/

T7 Application processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1983 No. 5 - 8 -


St. Louis

St . Louis

Minneapolis

Kansas City

San Francisco

Heber Springs Bancshares, I n c . , Heber Springs, Arkansas, for approval to acquire at l e a s t 86.9 percent of the voting shares of Heber Springs State Bank, Heber Springs, Arkansas.

Southern BancShares, In c . , West Helena, Arkansas, for approval t o acquire at l e a s t 80 percent of the voting shares of Merchants & Farmers Bank, West Helena, Arkansas. V

Le Center Financial Serv ices , I n c . , Le Center, Minnesota, for approval t o acquire at l e a s t 76.3 percent of the voting shares of F irs t State Bank of Le Center, Le Center, Minnesota. J /

The Sedgwick Bancshares, I n c . , Sedgwick, Kansas, for approval t o acquire at l e a s t 80 percent of the voting shares of The Sedgwick State Bank, Sedgwick, Kansas. 1 /

DeAnza Bancorp, Sunnyvale, C a l i f o r n i a , for approval t o acquire 100 percent of the voting shares of DeAnza Bank, Sunnyvale, Ca l i forn ia . 1 /

* * * * *

To Expand a Bank Holding Company Pursuant t o Section 3 ( a ) ( 3 ) o f the Bank Holding Company Act of 1956

Approved Chicago Colonial Bancorporation, In c . , T h i e n s v i l l e , Wisconsin,

for approval t o acquire at l e a s t 80 percent of the voting shares of The F irs t National Bank of Port Washington, Port Washington, Wisconsin. J /

Chicago F & M Bancorporation, In c . , Kaukauna, Wisconsin, f o r approval t o acquire at l e a s t 80 percent of the voting shares of Forest Junction State Bank, Forest Junction, Wisconsin. V

Chicago Marshall & I l s l e y Corporation, Milwaukee, Wisconsin, for approval t o acquire at l e a s t 90 percent of the voting shares of Central Bank & Trust, Marshfield, Wisconsin. 1 /

T7 Application processed on behalf of the Board of Governors under delegated authori ty .


H.2, 1983 No. 5 - 9 -


Chicago

St . Louis

St . Louis

St . Louis

Dallas

Old Second Bancorp, I n c . , Aurora, I l l i n o i s , for approval to acquire 100 percent of the voting shares ( l e s s d i r e c t o r s ' qua l i fy ing shares) of the successor by merger t o Bank of North Aurora, North Aurora, I l l i n o i s , 1 /

Eagle Bancorporation, I n c . , Highland, I l l i n o i s , f o r approval t o acquire at l e a s t 51.0 percent of the voting shares of Sparta State Bank, Sparta, I l l i n o i s . 1 /

F irs t Exchange Corp., Jackson, Missouri , f o r approval t o acquire 100 percent of the voting shares of Madison Exchange Bank, Fredericktown, Missouri , (formerly The Madison County Bank). 1/

Gravois Bancorp., I n c . , St . Louis, Missouri , for approval t o acquire 100 percent of the voting shares of the successor by merger t o Mehlvi l le Bank, St . Louis, Missouri. 1 /

Western Bancorporation, N.V., Houston, Texas and Western Bancorporation, I n c . , Houston, Texas, for approval t o acquire 100 percent of the voting shares of Western Bank-North Wi lcres t , National Assoc ia t ion , Houston, Texas, a proposed new bank. 1/

* * * * *

To Expand a Bank Holding Company Pursuant t o Section 3 (a ) (5 ) of the Bank Holding Company Act of 1956

Approved Philadelphia Continental Bancorp, I n c . , Phi ladelphia , Pennsylvania,

f o r approval t o acquire 100 percent of the voting shares of York Bancorp, York, Pennsylvania and i n d i r e c t l y acquire York Bank and Trust Company, York, Pennsylvania. J /

Chicago Old Kent Financial Corporation, Grand Rapids, Michigan, for approval t o acquire 100 percent of the voting shares of the successor by conso l idat ion to Pacesetter Financial Corporation, Grand Rapids, Michigan and i n d i r e c t l y acquire Pacesetter Bank & Trust - Grand Traverse, Traverse City , Michigan; Pacesetter Bank and Trust, Owosso, Michigan; Paceset ter Bank & Trust -

T7 Applicat ion processed on behalf of the Board of Governors under delegated author i ty .


H.2, 1983 No. 5 - 1 0 -


Southwest, Miles, Michigan; Pacesetter Bank & Trust - West, Grand Haven, Michigan; The Brighton State Bank, Brighton, Michigan; Hi l l sda le State Savings Bank, H i l l s d a l e , Michigan; Pacesetter Bank - Southeast , Grand Blanc, Michigan; Pace-s e t t e r National Bank, Cassopol is , Michigan; Pacesetter Bank - Lansing, Michigan; The Almont Savings Bank, Almont, Michigan.

St . Louis Eagle Bancorporation, I n c . , Highland, I l l i n o i s , for approval t o merge with Time Assoc ia tes , Inc . , Nashv i l l e , I l l i n o i s , and i n d i r e c t l y acquire The F irs t National Bank of Nashvi l l e , Nashvi l l e , I l l i n o i s . 1/

St . Louis Union Planters Corporation, Memphis, Tennessee, for approval t o acquire 100 percent of the voting shares of the successor by merger to Tennessee Commerce Corporation, Jacksonv i l l e , Tennessee. J /

* * * * *

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

Approved Heber Springs Bancshares, In c . , Heber Springs,

Arkansas, for approval to engage in the placement of commercial mortgage loans with third party lenders and in the performance of real e s t a t e appraisa l s . ]J

Keewatin Bancorporation, I n c . , Keewatin, Minnesota, for approval t o acquire First National Insurance Agency, Keewatin, Minnesota, and thereby engage in general insurance agency a c t i v i t i e s in a community with a population not exceeding 5,000. ]_/

Le Center Financial Serv ices , In c . , Le Center, Minnesota, f o r approval to continue to engage in general insurance agency a c t i v i t i e s in a community with a population of l e s s than 5 ,000, through Firs t State Agency of Le Center, Le Center, Minnesota. 1/

St . Louis

Minneapolis

Minneapolis

T7 Application processed on behalf of the Board of Governors under delegated authori ty .


H.2, 1983 No. 5 - 11 -


Delayed New York Manufacturers Hanover Corporation, New York, New

York, requests permission t o expand the a c t i v i t i e s of s i x e x i s t i n g o f f i c e s ( o f f er ing NOW accounts, money market deposit accounts , and transact ion accounts as permitted under State law) at 1640 Champa S t r e e t , Denver, Colorado, through i t s subs id iary , Continental Industrial Bank; 770 W. Hampden Avenue, Englewood, Colorado, through i t s subs id iary , South Continental Industrial Bank; 1895 S. Federal Boulevard, Denver, Colorado, through i t s subs idiary , F irs t Continental Industrial Bank; 7398 N. Federal Boulevard, Westminster, Colorado, through i t s subs id iary , North Continental Industrial Bank; 636 S. Broadway, Denver, Colorado, through i t s subs id iary , Continental Merchants Industrial Bank and 2275 E. Arapahoe Road, L i t t l e t o n , Colorado, through i t s subs id iary , Southglenn Continental Industrial Bank. The L i t t l e t o n , Colorado o f f i c e was inadvertent ly l e f t o f f H.2 No. 52, 1982 as Received. (1 /28 /83) 3/

Permitted New York Bankers Trust New York Corporation, New York,

New York, requests permission t o e s t a b l i s h a de novo o f f i c e engaging in the fol lowing a c t i v i t i e s (making or acquiring loans or other extens ions of cred i t such as would be made by a commercial f inance company, including commercial loans secured by a borrower's accounts rece ivab le , inventory or other a s s e t s ; purchasing or acquiring accounts rece ivable and making advances thereon as would be done by a f a c t o r ; s erv ic ing such loans or accounts f o r o thers ; and acquiring and s e l l i n g p a r t i -c ipat ions in such o b l i g a t i o n s ) at 2121 San Jac into S t r e e t , Da l las , Texas, through i t s subs id iary , BT Commercial Corporation (1 /22 /83) V

New York Barclays Bank PLC and Barclays Bank International Limited, both of London, England, request per-mission t o e s t a b l i s h a de novo o f f i c e of t h e i r subsidiary engaging in tFe fo l lowing a c t i v i t i e s ( ( i ) making d i rec t consumer loans , including loans secured by real e s t a t e , and purchasing

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 delegated authori ty .


e

H.2, 1983 No. 5 - 12 -


s a l e s f inance contracts representing extens ions of cred i t such as would be made or acquired by a consumer f inance company, and wholesale f inancing [ f l o o r planning] and ( i i ) act ing as agent f o r the s a l e of re lated cred i t l i f e , cred i t accident and health and cred i t property insurance; cred i t l i f e and credi t accident and health insurance sold as agent may be underwritten or reinsured by Bare!aysAmerican-Corporation's insurance underwriting s u b s i d i a r i e s ) at 2679 Regency Road, Lexington, Kentucky, serving customers in Lexington and surrounding areas in Kentucky, through t h e i r subs id iary , Barclays-American/Financial of Kentucky, Inc. (1 /22 /83) 3/

New York Ci t i corp , New York, New York, requests permission t o expand the a c t i v i t i e s and s e r v i c e area of an e x i s t i n g o f f i c e (the s a l e of c r e d i t - r e l a t e d l i f e and accident and health or decreasing or leve l [ in the case of s i n g l e payment l o a n s ] term l i f e insurance by l i censed agents or brokers, as required; and the s e r v i c i n g , for any person, of loans and other extensions of c r e d i t ; in addi t ion , the o f f i c e proposes to broaden i t s previously approved a c t i v i t i e s t o include the extension of loans for the f inancing of inventory [ f l o o r planning] and working capi ta l purposes and the purchasing and serv i c ing for i t s own account of sa l e s f inance contracts with regard t o a l l types of dealers and a l l types of consumer instal lment paper; the proposed expanded s e r v i c e area for a l l the aforementioned a c t i v i t i e s shal l be comprised of the en t i re States of Kentucky, West Virginia , Indiana and Tennessee; c r e d i t -re la ted l i f e , acc ident , and health insurance may be written by Family Guardian Life Insurance Company, an a f f i l i a t e of Cit icorp Acceptance Company, Inc . ) at 4480 Breckenridge Lane, The Watterson College Bldg. , 1st Floor, Sui te 120, L o u i s v i l l e , Kentucky, through i t s subs id iary , Cit icorp Acceptance Company, Inc. (1 /22 /83) V

3 / 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 delegated author i ty .


H.2, 1983 No. 5 - 13 -


New York C i t i c o r p , New York, New York, r eques t s permiss ion t o e s t a b l i s h a de novo o f f i c e t o engage in the fo l lowing a c t i v i t i e s ( t he making or acqu i r i ng of loans and o the r ex t ens ions of c r e d i t , secured or unsecured , f o r consumer and o the r purposes ; t h e s a l e of c r e d i t - r e l a t e d l i f e and acc iden t and h e a l t h or dec reas ing or l eve l [ i n t h e case of s i n g l e payment l o a n s ] term l i f e i n su rance by l i c e n s e d agents or b r o k e r s , as r e q u i r e d ; t he s a l e of consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; t h e s e r v i c i n g , f o r any pe r son , of loans and o the r ex t ens ions of c r e d i t ; t h e making, a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and f o r t h e account of o t h e r s , of ex t ens ions of c r e d i t t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l rea l e s t a t e ; and t h e s a l e of mortgage l i f e and mortgage d i s a b i l i t y 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 mortgage l o a n s ; t h e proposed s e r v i c e area f o r t h e o f f i c e s h a l l be comprised of t h e e n t i r e S t a t e s of Maryland, V i r g i n i a , Delaware, Pennsyl-vania and t h e D i s t r i c t of Columbia; c r e d i t - r e l a t e d l i f e , acc iden t and h e a l t h i n su rance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of C i t i c o r p Homeowners, I n c . ) a t 7720 York Road, Towson, Maryland, through i t s s u b s i d i a r y , C i t i c o r p Homeowners, Inc . (1 /28 /83) 3/

New York C i t i c o r p , 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 two de novo o f f i c e s of i t s sub-s i d i a r y , C i t i c o r p Homeowners, Inc . ("CHI"), and t o expand t h e a c t i v i t i e s and s e r v i c e a r eas of two e x i s t i n g o f f i c e s of i t s s u b s i d i a r y , C i t i c o r p Person- to -Person Mortgage Corpo ra t ion , ("CPMC"), a t t h e same l o c a t i o n s ; t h e a c t i v i t i e s in which t h e de novo o f f i c e s of CHI propose t o engage a re ( t he making or a c q u i r i n g of loans and o the r ex t ens ions of c r e d i t , secured or unsecured , f o r consumer and o t h e r pu rpose s ; t h e ex tens ion of loans t o d e a l e r s f o r t h e f i n a n c i n g of inven to ry [ f l o o r p l a n n i n g ] and working c a p i t a l pu rposes ; t h e s a l e of c r e d i t -r e l a t e d l i f e and acc iden t and h e a l t h or dec reas ing or l eve l [ i n t h e case of s i n g l e payment l o a n s ] term l i f e insurance by l i c e n s e d agents or b r o k e r s , as r e q u i r e d ; t h e s a l e of consumer-or ien ted f i n a n c i a l management c o u r s e s ; t h e s e r v i c i n g , f o r any pe r son , of loans and o the r e x t e n s i o n s of c r e d i t ; t h e making,

37 4 ( c ) ( 8 ) 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 .


H.2, 1983N0. 5 - 1 4 -

ACTIOHS OF THE BOARD - Continued

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 f o r t h e account of o t h e r s , of ex tens ions of c r e d i t t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l rea l e s t a t e ; and t h e s a l e of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y r e l a t e d t o ex t ens ions of mortgage l o a n s ; t h e proposed s e r v i c e area f o r each of t h e de novo o f f i c e s of CHI s h a l l be comprised of till? e n t i r e S t a t e of Nevada f o r a l l t h e a forement ioned proposed a c t i v i t i e s ; t h e new a c t i v i t i e s in which t h e o f f i c e s of CPMC propose t o engage de novo a r e : t h e making, a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and f o r t h e account of o t h e r s , of ex t ens ions of c r e d i t t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l r ea l e s t a t e ; and t h e s a l e of mortgage l i f e and mortgage d i s a b i l i t y in su rance d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage l o a n s ; t h e proposed s e r v i c e area f o r each o f f i c e of CPMC s h a l l be t h e e n t i r e S t a t e of Nevada f o r t h e aforement ioned proposed a c t i v i t i e s , and f o r t h e fo l lowing a c t i v i t i e s which have been p r ev ious ly approved f o r CPMC: t h e making or a cqu i r i ng of loans and o the r ex t ens ions of c r e d i t , secured or unsecured , f o r consumer and o t h e r pu rposes ; t h e ex t ens ions of loans t o d e a l e r s f o r t h e f i n a n c i n g of inven to ry [ f l o o r p l a n n i n g ] and working c a p i t a l pu rposes ; t h e s a l e of c r e d i t - r e l a t e d l i f e and acc iden t and h e a l t h or dec reas ing or l eve l [ i n t h e case of s i n g l e payment l o a n s ] term l i f e i n su rance by l i c e n s e d agents or b r o k e r s , as r e q u i r e d ; t h e s a l e of consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; and t h e s e r v i c i n g , f o r any pe r son , of loans and o t h e r e x t e n s i o n s of c r e d i t ; c r e d i t -r e l a t e d l i f e , a c c i d e n t , and h e a l t h insu rance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of CPMC and CHI) a t The Greystone B u i l d i n g , 1900 E. Flamingo Road, Las Vegas, Nevada and 4001 S. V i rg in i a S t r e e t , Reno, Nevada, through i t s s u b s i d i a r i e s , CPMC and CHI (1 /28 /83) 3/

New York C i t i c o r p , New York, New York, r eques t s permiss ion t o e s t a b l i s h two de novo o f f i c e s of i t s s u b s i d i a r y , C i t i c o r p Homeowners, Inc . ("CHI") , and t o expand t h e a c t i v i t i e s and s e r v i c e a r ea s of two e x i s t i n g o f f i c e s of i t s s u b s i d i a r y , C i t i c o r p Pe r son - to -

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



Person F inanc ia l Cen t e r , I n c . , ("CPFC"), a t t h e same l o c a t i o n s ; t h e a c t i v i t i e s in which the de novo o f f i c e s of CHI propose t o engage a r e "(The making or a c q u i r i n g of loans and o the r ex-t e n s i o n s of c r e d i t , secured o r unsecured , f o r consumer and o t h e r p u r p o s e s ; t h e ex tens ion of loans t o d e a l e r s f o r t h e f i n a n c i n g of inven tory [ f l o o r p l a n n i n g ] and working c a p i t a l purposes ; t h e s a l e of c r e d i t - r e l a t e d l i f e and acc iden t and h e a l t h or dec reas ing or l eve l [ i n t h e case of s i n g l e payment l o a n s ] term l i f e in su rance by l i c e n s e d agen ts or b r o k e r s , as r e q u i r e d ; t h e s a l e of consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; t h e s e r v i c i n g , f o r any pe r son , of loans and o t h e r ex t ens ions of c r e d i t ; t h e making, a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and f o r t h e account of o t h e r s , of ex t ens ions of c r e d i t t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l rea l e s t a t e ; and t h e s a l e of mortgage l i f e and mortgage d i s a b i l i t y i n su rance d i r e c t l y r e l a t e d t o e x t e n s i o n s of mort-gage l o a n s ; t h e proposed s e r v i c e area fo r each of t h e de novo o f f i c e s of CHI sha l l be comprised of t h e e n t i r e S t a t e s of New Mexico and Texas f o r a l l t h e aforement ioned proposed a c t i v i t i e s ; t h e new a c t i v i t i e s in which t h e o f f i c e s of CPFC pro-pose t o engage de novo a r e : t he making, acqu i r ing and s e r v i c i n g , Tor i t s own account and f o r t h e account of o t h e r s , of e x t e n s i o n s of c r e d i t t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l r ea l e s t a t e ; and t h e s a l e of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage l oans ; t h e proposed s e r v i c e area f o r each o f f i c e of CPFC s h a l l be t h e e n t i r e S t a t e s of New Mexico and Texas f o r t h e aforement ioned proposed a c t i v i t i e s , and f o r t h e fo l lowing a c t i v i t i e s which have been p r e v i o u s l y approved f o r CPFC: t h e making or a c q u i r i n g of loans and o t h e r ex t ens ions of c r e d i t , secured or unsecured , f o r consumer and o t h e r pur -p o s e s ; t h e ex t ens ion of loans t o d e a l e r s f o r t h e f i n a n c i n g of inven to ry [ f l o o r p l a n n i n g ] and working c a p i t a l pu rpose s ; t h e purchasing and s e r v i c i n g f o r i t s own account of s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t and h e a l t h or dec rea s ing or l eve l [ in t h e case of s i n g l e payment l o a n s ] term l i f e



insu rance by l i c e n s e d agents or b r o k e r s , as r e q u i r e d ; t h e s a l e of consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; and t h e s e r v i c i n g , f o r any pe r son , of loans and o the r ex t ens ions of c r e d i t ; c r e d i t - r e l a t e d l i f e , a c c i d e n t , and hea l t h insurance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of CPFC and CHI) a t Uptown P l aza , 2501 San Pedro N.E. , Albuquerque, New Mexico and 1496 S t . F ranc i s Dr ive , Santa , Fe, New Mexico, through i t s s u b s i d i a r i e s , CPFC and CHI (1 /28 /83) 3/

P h i l a d e l p h i a F i r s t Eas tern Corp . , Wi lkes-Barre , Pennsylvania , 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 i e s of u n d e r w r i t i n g , as r e i n s u r e r , c r e d i t l i f e , h e a l t h and acc iden t i n su rance r e l a t e d t o e x t e n s i o n s of c r e d i t by A p p l i c a n t ' s s u b s i d i a r y bank, F i r s t Eastern Bank, N.A.) t h e s e a c t i v i t i e s would be performed from o f f i c e s of A p p l i c a n t ' s s u b s i d i a r y in Phoenix, Arizona, and t h e geographic area t o be served i s Nor theas te rn Pennsy lvan ia , through I t s s u b s i d i a r y , F i r s t Eas tern L i f e Insurance Company, Phoenix, Arizona (1 /16 /83) 3/

P h i l a d e l p h i a Univest Corpora t ion of Pennsy lvan ia , Souderton, Pennsy lvan ia , 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 ( a c t i n g as investment or f i n a n c i a l adv i so r s and p rov id ing p o r t f o l i o investment advice and f i n a n c i a l advice t o t he e x t e n t au tho r i zed by Sect ion 2 2 5 . 4 ( a ) ( 5 ) of Regula t ion Y) a t 14 Main S t r e e t , Souderton, Pennsy lvania , s e rv ing Pennsy lvan ia , New J e r s e y , Delaware, F l o r i d a , Maryland and V i r g i n i a , through i t s s u b s i d i a r y , Univest F inanc ia l Planning Corpora t ion (1 /23/83) 3/

Cleveland P i t t s b u r g h National Corpo ra t i on , P i t t s b u r g h , Pennsyl-van 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 and s e r v i c i n g fo r i t s own accounts and or t h e accounts of o t h e r s , loans and o t h e r ex tens ions of c r e d i t ) a t 200 F lee t S t r e e t , P i t t s b u r g h , Pennsy lvan ia , which i s loca ted in t h e south west po r t ion of t h e s t a t e of Pennsyl-v a n i a ; t h e coun t i e s of o r i g i n a t i o n a r e : Allegheny, Westmoreland, Ind iana , Armstrong, B u t l e r , Beaver,

3 / 4 ( c ) ( 8 ) 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 .



Washington, Greene, F a y e t t e , Somerset , Cambria, Lawrence, and Mercer , through i t s s u b s i d i a r y , The K i s s e l ! Company (2 /2 /83 ) 3/

Richmond Equ i t ab l e Bancorporat ion and The Maybaco Company, Ba l t imore , Maryland, t o expand t h e r e in su rance unde rwr i t i ng a c t i v i t i e s of t h e i r s u b s i d i a r y , Equiban L i f e Insurance Company, t o i nc lude c r e d i t l i f e i n su rance sold in connect ion with e x t e n s i o n s of c r e d i t by t h e holding company's s u b s i d i a r i e s in Delaware (1 /26 /83) 3/

Richmond Maryland National Co rpo ra t i on , Ba l t imore , Maryland, 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 (engaging g e n e r a l l y in t h e bus iness of l e a s i n g r ea l p rope r ty where t h e l e a s e i s t h e f u n c t i o n a l e q u i v a l e n t of an ex tens ion of c r e d i t ; o r i g i n a t i n g r ea l p rope r ty l e a s e s as p r i n c i p a l or a g e n t ; s e r v i c i n g rea l p rope r ty l e a s e s f o 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 or o t h e r e n t i t i e s ; buying, s e l l i n g and o the rwi se d e a l i n g in rea l p roper ty l e a s e s as p r i n c i p a l , agent or b r o k e r ; a c t i n g as a d v i s e r in r ea l p r o p e r t y l e a s i n g t r a n s a c t i o n s ; engaging g e n e r a l l y in 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 , secured and unse-cured commercial loans and o t h e r ex t ens ions of c r e d i t t o commercial e n t e r p r i s e s ; and a c t i n g as agent or broker in commercial lending t r a n s -a c t i o n s ) a t e x i s t i n g o f f i c e s in Towson, Maryland, through i t s i n d i r e c t s u b s i d i a r i e s , Maryland National Leasecorp and Maryland National Leasing S e r v i c e s , Inc . (1 /26 /83) 3/

Atlan ta 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 , 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 c t i v i t i e s performed "By a t r u s t company i nc 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 c u s t o d i a l n a t u r e , in t h e manner a u t h o r i z e d by f e d e r a l and s t a t e law) t h e s e a c t i v i t i e s w i l l be conducted from t h e Trus t Se rv ice O f f i c e a t 200 South Pineapple Avenue, S a r a s o t a , Sa raso ta County, F l o r i d a , s e r v i n g Saraso ta County and cont iguous coun t i e s in F l o r i d a , through a s u b s i d i a r y , Barnet t Banks Trus t Company, N.A. (1 /24 /83) 3/

37 4 ( c ) ( 8 ) 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 .



At l an t a F i r s t Ra i 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 t o engage in de novo a c t i v i t i e s ( in provid ing data p rocess ing and t r a n s m i s s i o n s e r v i c e s , f a c i l i t i e s , da ta b a s e s , and access t o such s e r v i c e s , f a c i l i t i e s and data bases both f o r t h e i n t e r n a l o p e r a t i o n s of t h e a p p l i c a t i o n and i t s s u b s i d i a r i e s and f o r o the r customers) 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 i da ( 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 l 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 loca ted in t h e 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 (1 /25 /83) 3/

At lan ta Southeast Banking Corpora t ion , Miami, F l o r i d 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 (in o r i g i n a t i o n of s e r v i c i n g of loans and o t h e r e x t e n s i o n s of c r e d i t secured by rea l e s t a t e mor tgages ; t h e a c t i v i t i e s would inc lude p repa r ing a p p l i c a t i o n s f o r l oans , assembling c r e d i t i n fo rmat ion and s o l i c i t a t i o n of loan b u s i n e s s ) a t 601 S t a t e Road A!A, Ponte Vedra Beach, S t . Johns County, F l o r i d a , s e rv ing S t . Johns County and p o r t i o n s of Duval County which a r e in c l o s e proximity t o o f f i c e , through i t s s u b s i d i a r y , Southeas t Mortgage Company ( 1 / 2 4 / 8 3 ) 3 /

37 4 ( c ) ( 8 ) 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 .


H.2, 1983N0. 5 - 1 9 -


Chicago

San Franc i sco

San Franci sco

American F l e t c h e r C o r p o r a t i o n , I n d i a n a p o l i s , I nd 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 ( t o engage in t h e making oT f i r s t mortgage loans on 1 -4 f ami ly r e s idences f o r s a l e t o o the r i n v e s t o r s ) a t 1700 West Michigan Avenue, B a t t l e Creek, Michigan; 813 West McKinley, Mishawaka, Ind iana ; 514 South Washington, Marion, Ind iana ; and 405 South Range Line Road, Carmel, Ind iana , through i t s s u b s i d i a r y , American F l e t c h e r Mortgage Company, Inc . ( 1 /23 /83) 3/

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 a c q u i r i n g f o r i t s own account or f o r t h e account of o t h e r s , a s s e t based bus iness loans and o t h e r commercial or i n d u s t r i a l loans and ex t ens ions of c r e d i t such as would be made by a f a c t o r i n g , r ed i s coun t or commercial f i n a n c e company, and l e a s i n g and s e r v i c i n g a c t i v i t i e s with r e spec t t o personal p rope r ty and equipment and r ea l p r o p e r t y ) a t 2001 Midwest Road, Oak Brook, I l l i n o i s , s e rv ing t h e United S t a t e s , through i t s s u b s i d i a r y , Secur i ty P a c i f i c Finance Corp. (1 /27 /83) 3/

Secur i ty 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 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 ( in t h e o r i g i n a t i o n and a c q u i s i t i o n o7 mortgage l oans , i nc lud ing development and c o n s t r u c t i o n loans on m u l t i - f a m i l y and commercial p r o p e r t i e s f o r Secur i ty P a c i f i c Mortgage C o r p o r a t i o n ' s own account or f o r s a l e t o o t h e r s ; t h e s e r v i c i n g of such loans f o r o t h e r s ; 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 -r e l a t e d l i f e , a c c i d e n t and h e a l t h i n su rance ) a t 14515 B r i a r h i l I s Parkway, Houston, Texas, s e rv ing t h e S t a t e of Texas, through i t s s u b s i d i a r y , Secu r i t y P a c i f i c Mortgage Corporat ion (1 /25 /83) 3/

37 4 ( c ) ( 8 ) 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 .


H.2, 1983N0. 5 - 2 0 -

APPLICATIONS RECEIVED

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

Richmond United Vi rg in ia Bank, Richmond, V i r g i n i a . To e s t a b l i s h a branch a t a l o c a t i o n p r e s e n t l y occupied by F i r s t Colonial Savings and Loan A s s o c i a t i o n , 10100 Hull S l r e e t Road, Mid lo th ian , C h e s t e r f i e l d County, V i r g i n i a . 2/

At lan ta F lagship Bank of Tampa, Tampa, F l o r i d a . To e s t a b -l i s h an o f f i c e loca ted a t 4923 Cypress S t r e e t , Tampa, F l o r i d a . 2/

Chicago

San Franc isco

Michigan Bank - Port Huron, 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 42 North Howard, Croswel l , Michigan. 2J

American P a c i f i c S t a t e Bank, Sun Val ley , C a l i f o r n i a . To e s t a b l i s h a branch a t 8383 Wi l sh i re Boulevard, Beverly H i l l s , C a l i f o r n i a . 2/

* * * * *

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

San American P a c i f i c S t a t e Bank, Sun Val ley , C a l i f o r n i a , Franc isco t o a cqu i r e c e r t a i n a s s e t s and assume l i a b i l i t y t o

pay d e p o s i t s of t h e Beverly H i l l s Branch O f f i c e of t h e Bank of Beverly H i l l s , Beverly H i l l s , . C a l i f o r n i a . 2/

* * * * *

To Become a Member of t h e Federal Reserve System Pursuant t o Sect ion 9 of t h e Federal Reserve Act

San P lacer Bank of Commerce, R o s e v i l l e , C a l i f o r n i a . _2/ F ranc i sco

Kansas Ci ty Rio Blanco S t a t e Bank, Rangely, Colorado. 2/

Kansas City Pioneer Bank of Longmont, Longmont, Colorado. 2/

1V Appl 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 .


H.2, 1983 No. 5 - 2 1 -

APPLICATIONS RECEIVED - Continued

App l i ca t i ons 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 ions 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company

Act of 1956, as amended

New York A l l i e d I n t e r n a t i o n a l Bancorp, I n c . , New York, New York: r e q u e s t s consent t o inves t pro r a t a in Bancorp 's proposed i s suance of 1,200 sha re s of cumula t ive d iv idend -bea r ing p r e -f e r r e d s t o c k .

Minneapolis Northwest I n t e r n a t i o n a l Bank, Minneapol is , Minnesota: r e q u e s t s consent t o i nves t in Norwest Asia Limi ted , Hong Kong, a proposed d e p o s i t - t a k i n g company.

San Franci sco

Shanghai Commercial Bank L t d . , Hong Kong: r ece ived a p p l i c a t i o n on behalf of i t s branch in New York, New York, t o e n t e r i n t o an agreement with t h e Federal Reserve System t o r ece ive only such d e p o s i t s as would be p e r m i s s i b l e under Sec t ion 5(a) of t h e I n t e r n a t i o n a l Banking Act. (1 /24 /83)

* * * * *

To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant t o Sect ion 25 of t h e Federal Reserve Act

Boston The F i r s t National Bank of Boston, Boston, Massachu-s e t t s : 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 t o e s t a b l i s h an i n i t i a l branch in Milan, I t a l y .

* * * * *

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

New York Center Bancorp, I n c . , Union, New J e r s e y , f o r approval t o a cqu i r e 100 pe ren t ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e vo t ing sha re s of t he successor by merger t o The Union Center National Bank, Union, New J e r s e y . 2J

17 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 ted

as t o t h e l eng th of t h e comment p e r i o d .


H.2, 1983 N0. 5 - 2 2 -


P h i l a d e l p h i a F i r s t Colonial Group, I n c . , Nazare th , Pennsy lvania , 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 Nazareth National Bank and Trust Com-pany, Nazare th , Pennsylvania . 2/

P h i l a d e l p h i a J u n i a t a Valley F inanc ia l Corpo ra t i on , M i f f l i n t o w n , Pennsylvania , f o r approval t o acqu i re 100 percent of t h e vo t ing sha re s of The J u n i a t a Valley Bank, Mi f f ! in town, Pennsylvania . 2/

Cleveland F i r s t Clyde BancCorp., Clyde, Ohio, f o r approval t o acqu i r e 100 percent of t h e vo t ing shares of The Clyde Savings Bank Company, Clyde, Ohio. 2/

Cleveland F i r s t Commonwealth F inanc ia l Corpo ra t i on , Ind iana , Pennsylvania , f o r approval t o acqu i re 100 percent of t h e vot ing sha res of National Bank of t h e Commonwealth, Ind iana , Pennsylvania . 2/

Richmond F i r s t Bankshares , I n c . , B a r b o u r s v i l l e , West V i r g i n i a , f o r approval t o acqu i r e 80 percen t of t h e vot ing sha re s of The F i r s t S t a t e Bank, B a r b o u r s v i l l e , West V i r g i n i a . 2/

Richmond S t e r l i n g Bancorp, I n c . , E leanor , West V i r g i n i a , f o r approval t o acqu i re a t l e a s t 80 percent or more of t h e vot ing sha res of The Buf fa lo Bank, Eleanor , West Vi r g i n i a . 2/

Atlan ta F i r s t Frankl in Bancshares , I n c . , Athens, Tennessee, f o r approval t o a cqu i r e 100 pe rcen t of t h e vot ing sha re s of The F i r s t National Bank and Trust Company, Athens, Tennessee. 2j

Atlan ta F i r s t Thomson Bancorp, I n c . , Thomson, Georgia , f o r approval t o acqu i r e 100 percen t of t h e vot ing shares of The F i r s t National Bank of Thomson, Thomson, Georgia . 2/

At lan ta Peoples Bancshares of Po in te Coupee P a r i s h , I n c . , New Roads, Lou i s i ana , f o r approval t o acqu i re a t l e a s t 80 percen t of t h e vot ing sha res of The Peoples Bank and Trust Company of Poin te Coupee P a r i s h , New Roads, Lou i s iana . 2/

T j 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 .


H.2, 1983 No. 5

A t l an t a

A t l a n t a

Chicago

Chicago

S t . Louis

S t . Louis

S t . Louis

Minneapolis

Kansas City


Toombs Bank Shares , I n c . , V i d a l i a , Georgia , 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 Br ice Banking Company, I n c . , V i d a l i a , Georgia . 2/

Walthal l Capi ta l Group, L t d . , Tylertown, M i s s i s s i p p i , 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 Walthal l C i t i z e n s Bank, Tylertown, M i s s i s s i p p i , j?/

FIRST WATSEKA BANC CORPORATION, Watseka, 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 percent of t h e vo t 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 s h a r e s ) of t h e succes so r by merger t o The F i r s t Trus t and Savings Bank of Watseka, I l l i n o i s , Watseka, I l l i n o i s . 2/

Rushv i l l e Bancshares , I n c . , R u s h v i l i e , 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 percen t of t h e vot ing sha re s of Rushv i l l e S t a t e Bank, R u s h v i l l e , I l l i n o i s . 2/

Fourth F i r s t Bancorp , , Huntingburg, Ind iana , f o r approval t o a c q u i r e 100 percent of t he vot ing sha res of t h e successor by merger t o The F i r s t National Bank of Huntingburg, Huntingburg, Ind iana . 2/

Germantown Banc Corp . , Germantown, 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 96 percen t of t h e vo t ing sha res of Germantown Trus t & Savings Bank, Germantown, I l l i n o i s . ]_/

Peoples Commercial Serv ices Corpo ra t i on , Sena tob ia , M i s s i s s i p p i , f o r approval t o 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 t h e vot ing sha re s of t h e successo r by merger t o Peoples Bank, Sena tob i a , M i s s i s s i p p i . 2/

TwinCo, I n c . , Twin Br idges , Montana, f o r approval t o acqu i r e a t l e a s t 83.71 percen t of t h e vot ing sha re s of F i r s t National Bank of Twin Br idges , Twin Br idges , Montana. 2]

Clayco Bancshares , I n c . , Claycomo, Missour i , f o r approval t o acqu i r e 100 percen t of t h e vot ing s h a r e s of Clayco S t a t e Bank, Claycomo, Missour i . _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 ted as t o t h e length of t h e comment p e r i o d .


H.2, 1983 No. 5 - 2 4 -


Dal las TransTexas Bancshares , I n c . , Beaumont, 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 he vo t ing sha res of The F i r s t National Bank of Canton, Canton, Texas. 2/

Dal las Unicorp Bancshares - Houston, 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 percen t of t h e vot ing sha res of Unitedbank-Metro, Houston, Texas. 2/

San P lace r Bancorpora t ion , R o s e v i l l e , C a l i f o r n i a , f o r Franc isco approval t o acqu i r e 100 percen t of t h e vot ing

sha res of P lace r Bank of Commerce, R o s e v i l l e , C a l i f o r n i a . 2/

* * * * *

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

At lan ta Sun Banks of F l o r i d a , I n c . , Orlando, F l o r i d a , f o r approval t o a cqu i r e 100 percen t of t h e vot ing sha res of Avon C i t r u s Bank, Avon Park, F l o r i d a . 2/

St . Louis F i r s t Exchange Corp . , J ackson , Mis sour i , f o r approval t o acqu i r e 100 percen t of t h e vo t ing sha re s of Madison Exchange Bank, Freder icktown, Missouri ( fo rmer ly The Madison County Bank). 2/

Dal las Al l i ed Bancshares , I n c . , Houston, Texas, f o r approval t o a cqu i r e 100 percen t of t h e vo t ing sha res of Texas Bank & Trust Company of Houston, Houston, Texas.

San W.T.B. F inanc ia l C o r p o r a t i o n , Spokane, Washington, Franc isco f o r approval t o a c q u i r e 100 percen t of the vot ing

sha res of Secur i ty Bank of Washington, Ephra ta , Washington.

* * * * *

27 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 length of t h e comment p e r i o d .


H.2, 1983 No. 5 - 25 -


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

P h i l a d e l p h i a A New Corpora t ion Yet t o be Named, Reading, Pennsy lvan ia , f o r approval t o c o n s o l i d a t e with American Bancorp, I n c . , Reading, Pennsylvania and Central Penn National Corp . , P h i l a d e l p h i a , Pennsy lvan ia . Zj

Cleveland Banc One Corpora t ion , Columbus, Ohio, f o r approval t o a cqu i r e 100 pe rcen t of t h e vot ing sha res of Winters National Corpo ra t i on , Dayton, Ohio and i n d i r e c t l y Winters National Bank of C i n c i n n a t i , C i n c i n n a t i , Ohio; F i r s t National Bank of C i r c l e -v i n e , C i r c l e v i l l e , Ohio; Eucl id National Bank, C leve land , Ohio and Winters National Bank & Trust Company, Dayton, Ohio. 2/

At lan ta 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 cqu i r e 100 pe rcen t of t h e vot ing sha re s of Treasure Coast Bankcorp, I n c . , Port S t . Lucie , F l o r i d a 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/

* * * * *

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

Boston Old Colony Co-Operat ive Bank, Providence , Rhode I s l a n d , f o r approval t o e s t a b l i s h a branch a t 50 Jordan S t r e e t , Westminster I n d u s t r i a l Park, East Providence , Rhode I s l a n d .

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 r e t a i n two o f f i c e s of i t s s u b s i d i a r y engaging in t h e fo l lowing a c t i v i t i e s (making loans secured by f i r s t and 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 - f a m i l y r e s i d e n t i a l p r o p e r t i e s ) a t 221A Chester Avenue, B a k e r s f i e l d , C a l i f o r n i a and 1660B South Broadway, Santa Maria, 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 . (1 /27 /83)

_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 ted

as t o t h e l eng th of t h e comment p e r i o d .


H.2, 1983N0. 5 - 2 6 -


New York C i t i c o r p , New York, New York, r eques t s permiss ion t o e s t a b l i s h two de novo o f f i c e s of each of i t s s u b s i d i a r i e s , C i t i c o r p Homeowners, Inc . (Delaware) ("CHI") and C i t i c o r p Person- to -Person Mortgage Corporat ion ("CPTPMC"), engaging in t h e fo l lowing a c t i v i t i e s (making or a cqu i r i ng of loans and o t h e r ex t ens ions of c r e d i t , secured or unsecured , f o r consumer and o the r pu rposes , t h e s a l e of c r e d i t - r e l a t e d l i f e and a c c i d e n t and hea l t h or dec reas ing or l eve l [ i n t h e case of s i n g l e payment l o a n s ] term l i f e insurance by l i c ensed agents or b r o k e r s , as r e q u i r e d ; t h e s a l e of consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; t h e s e r v i c i n g , f o r any pe r son , of loans and o the r ex t ens ions of c r e d i t ; t h e making, a c q u i r i n g , and s e r v i c i n g , f o r i t s own account and f o r t h e account of o t h e r s , of ex tens ions of c r e d i t t o i n d i v i d u a l s secured by l i e n s on r e s i d e n t i a l or n o n - r e s i d e n t i a l rea l e s t a t e ; and t h e s a l e of mortgage l i f e and mortgage d i s a b i l i t y in su rance d i r e c t l y r e l a t e d t o ex t ens ions of mortgage l o a n s ; c r e d i t - r e l a t e d l i f e , a c c i d e n t , and hea l t h i n su rance may be w r i t t e n by Family Guardian L i fe Insurance Company, an a f f i l i a t e of CHI and CPTPMC) a t 1370 E. Flamingo Road, Las Vegas, Nevada, through i t s s u b s i d i a r i e s , CHI and CPTPMC (1 /28 /83)

Ph i l ade lph ia A New Corporat ion Yet t o be Named, Reading, Pennsyl-v a n i a , f o r approval t o a cqu i r e Amerisure L i f e Insurance Company and CP Cred i t Corp . , P h i l a d e l p h i a , Pennsylvania .

Ph i l ade lph i a Ph i l ade lph i a National Corpora t ion , P h i l a d e l p h i a , Pennsy lvan ia , 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 o r i g i n a t i o n of FHA, W a n d c o n v e n t i o n a l r e s i d e n t i a l mortgage loans and second mortgage l oans ) a t 14802 North Dale Mabry Road, Tampa, F l o r i d a , a proposed new o f f i c e wi l l conduct t h e fo rego ing a c t i v i t i e s in t h e S t a t e of F l o r i d a , through i t s s u b s i d i a r y , Colonial Mortgage Serv ice Company A s s o c i a t e s , Inc . (1 /28 /83)

P h i l a d e l p h i a Ph i l ade lph i a National Corpo ra t i on , P h i l a d e l p h i a , 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 o r i g i n a t i o n of FHA, VA and convent ional r e s i d e n t i a l mortgage loans and second mortgage loans ) a t 2170 El Camino Real , Su i t e 204, Oceanside, C a l i f o r n i a and Southland Square P ro fe s s iona l B u i l d i n g , S u i t e 607, Hayward, C a l i f o r n i a , in t h e S t a t e of C a l i f o r n i a , through i t s s u b s i d i a r y , Colonial A s s o c i a t e s , Inc . (1 /28/83)


H.2, 1983 No. 5 - 2 7 -


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

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

Cleveland

Cleveland

P h i l a d e l p h i a National Corpo ra t i on , P h i l a d e l p h i a , Pennsy lvan ia , 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 mortgage banking a c t i v i t i e s , i n c l u d i n g t h e making and acqu i r i ng of loans secured by mortgages on rea l e s t a t e , a l l as p e r m i t t e d by New York law) a t 3 Computer Drive , S u i t e 100, Albany; 214 East Main S t r e e t , P. 0. Box 445, Ba t av i a ; 3526 W. Genesee S t r e e t , P. 0. Box 95, Syracuse; S tore 7A, Suburban P laza , 2199 E. H e n r i e t t a Road, Roches te r ; 258 N. Main S t r e e t , P* 0. Box 408, Herkimer; 96 East Main S t r e e t , Mai one; 346 Broadway, P. 0. Box 2876, Newburgh; 117 N, P l a z a , N. Plaza Shopping C t r . , P. 0 . Box 156, Syracuse ; 1354 Lyell Avenue, Lyel1 -Mt. Read Shopping C t r . , Roches te r ; 206 Bu t t e rnu t S t r e e t , P. 0. Box 38, Syracuse; and 34 West Main S t r e e t , P. 0. Box 273, Webster , through i t s newly-formed i n d i r e c t s u b s i d i a r y , Signal Mortgage Corpora t ion of New York (1 /26/83)

United National Bancorpora t ion , Huntingdon, Pennsyl-v a 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 ( in making l e a s e s of r ea l and personal p r o p e r t y in accordance with t h e Board ' s Regulat ion Y) a t 501 Penn S t r e e t , Huntingdon, Pennsy lvan ia , se rv ing a l l of Pennsy lvan ia , through i t s s u b s i d i a r y , Unitas Commercial Leasing Corporat ion (1 /25 /83)

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 a t l e a s t 50 percent of t h e vo t ing sha re s of de novo company, Green Machine Network Corpo ra t i on , Dayton, Ohio, which provides s e r v i c e s , f a c i l i t i e s and data bases as pe rmi t t ed in Sec t ion 2 2 5 . 4 ( a ) ( 8 ) ( i i ) of Regulat ion Y.

Mellon National Corpo ra t i on , P i t t s b u r g h , 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 making, a c q u i r i n g and s e r v i c i n g of loans and o t h e r ex t ens ions of c r e d i t , e i t h e r secured or un-s e c u r e d , f o r i t s own account or f o r t h e account of o t h e r s i n c l u d i n g , but not l i m i t e d t o , loans and o t h e r ex t ens ions of c r e d i t secured by mortgages or deeds of t r u s t on rea l p r o p e r t y ; l e a s i n g personal or rea l p roper ty or a c t i n g as a g e n t , broker or adv i so r in l e a s i n g such p roper ty and s e r v i c i n g such l e a s e s s u b j e c t t o a l l t h e q u a l i f i c a t i o n s s p e c i f i e d in Sec t ion 2 2 5 . 4 ( a ) ( 6 ) of Regula t ion Y; and a c t i n g as agent f o r t h e s a l e of r e l a t e d c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e and c r e d i t proper ty i n s u r a n c e in connect ion with e x t e n s i o n s of c r e d i t


H.2, 1983 No. 5 . 28 -


by any of A p p l i c a n t ' s s u b s i d i a r i e s ) at; 10485 Magnolia Avenue, Su i t e #4, R i v e r s i d e , C a l i f o r n i a , through i t s s u b s i d i a r y , Mellon F inanc ia l Serv ices Corporat ion (1 /14 /83)

Richmond Suburban Bancorp, Bethesda , Maryland, 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 (engaging g e n e r a l l y in t h e bus iness of acqu i r ing loans and o the r ex t ens ions of c r e d i t f o r i t s e l f and o t h e r s ; engaging in t h e bus iness of s e r v i c i n g loans and o t h e r ex tens ions of c r e d i t f o r i t s e l f and o t h e r s ; and engaging in t h e bus iness of a r rang ing f i n a n c i n g , f i n a n c i a l s t r u c t u r i n g , and a n a l y s i s of rea l e s t a t e problems) a t 7155 Green-v i l l e Avenue, D a l l a s , Texas, through i t s s u b s i d i a r y , Suburban Mortgage Assoc ia t e s Incorpora ted (1 /27/83)

A t l an t a F i r s t Alabama Bancshares , I n c . , Montgomery, Alabama, 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 s a l e of i nvo lun t a ry unemployment insu rance a t a l l the banking s u b s i d i a r y o f f i c e s of F i r s t Alabama Bancshares) a t 44 F i r s t Alabama P laza , Montgomery, Alabama, through an e x i s t i n g s u b s i d i a r y , FAB Agency, Inc . (l /14[/83)

Kansas City BancOklahoma Corp . , Tu lsa , Oklahoma, 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 mortgage banking a c t i v i t i e s , i n c l u d i n g t h e o r i g i n a t i o n , warehousing and s e l l i n g of f i r s t mortgage l o a n s , second mortgage home improvement l o a n s , equ i ty l o a n s , i n t e r i m c o n s t r u c t i o n loans and land a c q u i s i t i o n loans f o r i t s own account or f o r t h e account of o t h e r s ; and in a d d i t i o n , t h e s e r v i c i n g of such loans a l s o f o r i t s own account or f o r t h e account of o t h e r s ) a t Triad Cen te r , 61st and Memorail, Tu l sa , Oklahoma, and wi l l s e rve t h e Tulsa S.M.S.A., through i t sub-s i d i a r y , BancOklahoma Mortgage Corp. (1 /24 /83)

Kansas City Cent inel Bank Shares I n c . , Taos, 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 (p rovid ing bookkeeping or data p roces s ing s e r v i c e s f o r t h e i n -t e r n a l o p e r a t i o n s of t h e holding company and i t s s u b s i d i a r i e s and s t o r i n g and p rocess ing o the r banking, f i n a n c i a l or r e l a t e d economic d a t a , such as performing p a y r o l l , accounts r e c e i v a b l e or payable or b i l l i n g s e r v i c e s ) from an o f f i c e loca ted on t h e premises of i t s s u b s i d i a r y , Cent inel Bank of Taos, South Santa Fe Road, Taos, New Mexico, s e rv ing t h e town of Taos, New Mexico and t h e sur rounding area (1 /28/83)


H.2, 1983 No. 5 - 29 -


Kansas Ci ty F i r s t Bancorp of Tonkawa, I n c . , Tonkawa, Okla-homa, f o r approval t o a c q u i r e IOC percen t of Burton Insurance Agency, Tonkawa, Oklahoma and the reby engage in general i n su rance agency a c t i v i t i e s .

San Franc i sco

San Franc i sco

F i r s t I n t e r s t a t e Bancorp, Los Angeles , C a l i f o r n i a , f o r approval t o engage d i r e c t l y or i n d i r e c t l y in c e r t a i n nonbanking a c t i v i t i e s and t o acqu i r e 100 percen t of t h e vo t ing sha res of Spoor Behrins Campbell & Young, New York, New York.

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 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 or f o r t h e account of o t h e r s , loans and e x t e n s i o n s of c r e d i t , i n c l u d i n g making consumer i n s t a l l m e n t personal l 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 t o small bus ines se s and o the r e x t e n s i o n s of c r e d i t such as would be made by a 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 b roker 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 c c i d e n t and h e a l t h i n s u r a n c e ) in Beckley, C l a rk sbu rg , Huntington and Mar t insburg , West V i r g i n i a , each s e r v i n g t h e S t a t e of West V i r g i n i a , th rough i t s s u b s i d i a r i e s , Secu r i ty P a c i f i c Finance Corp. of Beckley, Secu r i t y P a c i f i c Finance Corp. of C la rksbu rg , Secu r i t y P a c i f i c Finance Corp. of Huntington and S e c u r i t y P a c i f i c Finance Corp. of Mart insburg (1 /25 /83)

San Franc i sco

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 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 t h e r e x t e n s i o n s of c r e d i t e i t h e r secured or unsecured f o r i t s own ac -count or t h e account of o t h e r s , i nc lud ing t h e making of consumer i n s t a l l m e n t l o a n s , purchas ing consumer i n s t a l l m e n t and rea l e s t a t e s a l e s f i n a n c e c o n t r a c t s and ev idences of debt and making consumer home equ i ty loans secured by rea l e s t a t e , l e a s i n g of personal p r o p e r t y , 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 su rance s o l e l y in connect ion with e x t e n s i o n s of c r e d i t by U. S. Bancorp Consumer S e r v i c e s , I n c . ) a t t h e Lloyd 700 B u i l d i n g , S u i t e 1450, 700 Northeas t Multnomah, P o r t -l a n d , Oregon, through i t s s u b s i d i a r y , U.S. Bancorp Consumer S e r v i c e s , Inc .


H.2, 1983No. 5 - 3 0 -


REPORTS RECEIVED

Ownership Statement F i led Pursuant t o Sect ion 13(d) of t h e S e c u r i t i e s Exchange Act

The Bank of Vienna, Vienna, Vi rg in ia F i l ed by Meyer H. Abraham

Bank of Commonwealth, Nor fo lk , Vi rg in ia F i l ed by Donald H. Burl age

Raymond L. G o t t l i e b J u l i u s S. Peck Morton M. Zedd

Bank of S u f f o l k , S u f f o l k , V i rg in i a F i led by G. P. Jackson

E. V. Stephenson, J r .

* * * * *

PETITIONS FOR RULEMAKING

None.


h2_19830129.pdf

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