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  • ANNOUNCEMENT BY

    BOARD OF GOVERNORS OF THE

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

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

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

    RESERVE BANK ACTIONS OF THE BOARD

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

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

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

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

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

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

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

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

    T7 A p p l i c a t i o n p r o c e s s e d on beha l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .

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

  • H .2 , 1980 No. 41 2 -

    New York

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

    New York

    A t l a n t a

    San Francisco

    Richmond

    A t l a n t a

    San F r a n c i s c o

    Bos ton

    Chicago

    ACTIONS OF THE BOARD-Continued

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

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

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

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

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

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

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

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

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

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

    T7 A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted a u t h o r i t y .

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

  • H .2, 1980 No. 41 - 3 -

    ACTIONS OF THE BOARD-Continned

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

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

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

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

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

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

  • H.2, 1980 No. 41 4

    ACTIONS OF THE BOARD-Contlnued

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

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

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

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

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

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

    P h i a l d e l p h i a Gi ra rd Bank, Bala Cynwyd, Pennsy lvan ia . To e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y a t Route 452 and M a r i a n v i l l e Road, As ton , Delaware County, Pennsy lvan i a . V& 2/

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

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

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

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

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

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

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

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

  • H.2, 1980 No. 41 - 5 -

    ACTIONS OF THE BOARD-Continued

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

    San United C a l i f o r n i a Bank, Los Angeles , C a l i f o r n i a . To e s -F ranc i s co t a b l i s h a manned motor banking f a c i l i t y in t h e v i c i n i t y

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

    * * * * *

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

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

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

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

    Richmond

    Kansas C i ty

    San Francisco

    * * * * *

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

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

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

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

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

  • H.2, 1980 No. 41 6

    ACTIONS OF THE BOARD-Contlnued

    A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t -ments and Other Act ions Pursuant to Sec t i ons 25 and 25(a ) of the Federa l Reserve Act and Sec t ions 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of t h e Bank Holding Company Act of 1956, as amended

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

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

    * * * * *

    To Form a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956

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

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

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

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

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

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

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

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

  • H.2, 1980 No. 41

    ACTIONS OF THE BOARD-Continued

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

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

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

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

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

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

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

    Kansas Ci ty Cedar Po in t Bancshares , I n c . , Cedar P o i n t , Kansas, f o r ap-prova l to acqu i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of The Cedar Po in t S t a t e Bank, Cedar P o i n t , Kansas . 1/ & 2 /

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

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

    T7 A p p l i c a t i o n processed on behal f of the Board of Governors under de lega ted a u t h o r i t y .

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

    I

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

  • H.2, 1980 No. 41 8

    ACTIONS OF THE BOARD-Continued

    Kansas Ci ty F i r s t Keyes Bancshares , I n c . , Keyes, Oklahoma, f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of The F i r s t S t a t e Bank, Keyes, Oklahoma. 1/ & 27

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

    Da l l a s F i r s t Grand P r a i r i e Bank S h a r e s , I n c . , Grand P r a i r i e , Texas , f o r approva l to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of Na t iona l Bank of Grand P r a i r i e , Grand P r a i r i e , Texas . 1/ & 2/

    D a l l a s F i r s t Schulenburg F i n a n c i a l Corpo ra t i on , Schulenburg , Texas, f o r approva l to a c q u i r e 80 percent of t h e v o t i n g sha re s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of The F i r s t Nat ional Bank of Schulenburg , Schulenburg , Texas . 1/ & 2 /

    * * * * *

    New York

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

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

    approva l to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of BT Na t iona l Bank, Albany, New York, a proposed new bank. It & 2/

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

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

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

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

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

  • H.2, 1980 No. 41

    Minneapol is

    Kansas Ci ty

    Da l l a s

    D a l l a s

    - 9 -

    ACTIONS OF THE BOARD-Continued

    SECURITY STATE BANK HOLDING COMPANY, Hannaford, North Dakota, f o r approva l to a c q u i r e 100 percent of t h e v o t i n g sha re s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of Farmers & Merchants Bank of Wimbledon, Wimbledon, North Dakota, 1/ & 27

    Wyoming Bancorpora t ion , Cheyenne, Wyoming, f o r approval to a c q u i r e 100 percent ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of F i r s t Wyoming Bank-Wright, Wright , Wyoming, a proposed new bank. 1/ & 2/

    A l l i e d Bancshares , I n c . , Houston, Texas , f o r approval to a c q u i r e 100 percent of t he v o t i n g s h a r e s ( excep t d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of F i r s t Bank of Edna, Edna, Texas . 1/ & 21

    Al l i ed Bancshares , I n c . , Houston, Texas , f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s ( excep t d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of S e c u r i t y Na t iona l Bank, Houston, Texas . 1/ & 2/

    * * * * *

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

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

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

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

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

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

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

  • n . 2 , 1980 No. 41 10

    ACTIONS OF THE BOARD-Continued

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

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

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

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

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

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

    Pe rmi t t ed New York Chemical New York Corpo ra t i on , New York, New York, n o t i f i c a -

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

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

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

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

    I

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

  • H.2, 1980 No. 41 - 1 1 -

    ACTIONS OF THE BOARD-Continued

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

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

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

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

    BankAmerlca C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a -t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own account o r fo r the account of o t h e r s , loans o r o t h e r ex tens ions of c r e d i t such as would be made or acqui red by a mortgage banking company; s e r v i c i n g such loans and o t h e r ex tens ions of c r e d i t f o r i t s e l f and o t h e r s ; a c t i n g as inves tment o r f i n a n c i a l adv i se r to the ex ten t of

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

    San Francisco

    1

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

  • H.2, 1980 No. 41 - 1 2 -

    ACTIONS OF THE BOARD-Continued

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

    San S e c u r i t y P a c i f i c Corpo ra t i on , Los Angeles , C a l i f o r n i a , n o t 1 -F r a n c i s c o f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (mak-

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

    San Western Bancorpora t ion , Los Angeles , C a l i f o r n i a , n o t i f i c a -F r a n c i s c o t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage

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

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

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

  • H.2, 1980 No. 41 13

    APPLICATIONS RECEIVED

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

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

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

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

    f o r n i a . 2 /

    * * * * *

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

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

    * * * * *

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

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

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

    27 A p p l i c a t i o n s u b j e c t to Community Reinvestment Act . The Community ~~~ Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be c o n t a c t e d

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

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

  • H.2, 1980 No. 41 - 1 4 -

    APPLICATIONS RECEIVED-Continued

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

    A t l a n t a B.P.C. Corpora t ion , Cookev i l l e , Tennessee , f o r approval to a cqu i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of Bank of Putnam County, Cookev i l l e , Tennessee . 2/

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

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

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

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

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

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

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

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

    Kansas Ci ty Oakdale Bancshares , I n c . , Oakdale , Nebraska, f o r approval to acqu i r e a t l e a s t 99 .5 percent of t h e v o t i n g s h a r e s of The F i r s t S t a t e Bank, Oakdale , Nebraska . 2 /

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

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

    Ac t . The Community Bank may be con tac t ed

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

  • H .2 , 1980 No. 41 15

    APPLICATIONS RECEIVED-Contlnued

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

    Da l l a s Eas t Texas C o r p o r a t i o n , I n c . , P a l e s t i n e , Texas , fo r ap-prova l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of The Eas t Texas Na t iona l Bank of P a l e s t i n e , P a l e s t i n e , Texas . 2 /

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

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

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

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

    * * * * *

    Boston

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

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

    Cleveland Winters Na t iona l Corpo ra t i on , Dayton, Ohio, f o r approval to a cqu i r e 100 percent of t h e v o t i n g s h a r e s of The F i r s t Na t iona l Bank of C i r c l e v i l l e , C i r c l e v i l l e , Ohio . 2/

    Chicago Manufac ture rs Na t iona l C o r p o r a t i o n , D e t r o i t , Michigan, f o r approval to a c q u i r e 100 pe rcen t of the v o t i n g s h a r e s of Bank of Lans ing , Lansing, Michigan

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

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

  • H.2, 1980 No. 41 1 6

    APPLICATIONS RECEIVED-Continued

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

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

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

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

    * * * * *

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

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

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

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

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

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

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

  • 11.Z, 1980 No. 41 - 1 7 -

    APPLICATIONS RECEIVED-Contlnued

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

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

    Kansas C i ty P l a t t e Va l l ey Bancorp, I n c . , B r igh ton , Colorado, f o r per -mi s s ion to engage in the b u s i n e s s of i n d u s t r i a l banking and a c t i n g as an in su rance agent through the a c q u i s i t i o n of 100 pe rcen t of the v o t i n g sha re s of Val ley Bancorp, I n c . , Steamboat Sp r ings , Colorado and i t s whol ly owned s u b s i d i a r y , Yampa Val ley I n d u s t r i a l Bank, Steamboat Spr ings , Colorado .

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

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

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

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

    San F ranc i s co

    San Francisco

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

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

  • H.2, 1980 No. 41 - 1 8 -

    APPLICATIONS RECEIVED-Continued

    None.

    REPORTS RECEIVED

    * * * * *

    PETITIONS FOR RULEMAKING

    None.

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


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