h2_19810425.pdf

ANNOUNCEMENT BY

APPLICABLE RESERVE BANK

New York

A t l a n t a

Dal las

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2 , 1981 No. 17

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

Received During the Week Ending April 25, 1981

ACTIONS OF THE BOARD

The Federal Reserve Board has extended for s i x months the d e f e r r a l of r e s e r v e requirements for nonmenber depos i tory i n s t i t u t i o n s with l e s s than $2 m i l l i o n t o t a l d e p o s i t s .

The Federal Reserve Board approved Federal Reserve Bank expendi tures to reduce f l o a t .

Survey of compliance c o s t s of consumer p r o t e c t i o n Regulat ions E, B, and Z.

L e t t e r denying the request by Mr. Louis J. Roussel f o r a personal appearance before t h e Board in c o n n e c t i o n with h i s p e t i t i o n to v a c a t e the removal O r d e r .

Wyandotte Sav ings Bank, Wyandotte, Michigan, to make an i n -vestment in bank premises .

V a l l e y Bank and Trust Company, S a l t Lake C i t y , U tah , t o make an investment in bank premises .

Chase Manhattan Corporat ion, New York, New York, e x t e n s i o n of time to April 14, 1982, w i t h i n vhich to cont inue to hold shares of Compania de Las Fabric as de Papel de San Rafael y Anexas , S. A. _L/

F i r s t Owinnett Bancshares , I n c . , Lawrencevi l l e , Georgia , e x t e n s i o n of t ime u n t i l August 4 , 1981, w i th in fchich to become a bank ho ld ing company by acquir ing F i r s t National Bank of Gwinnett County, L a w r e n c e v i l l e , Georgia. \J

Harris County Bankshares, I n c . , Houston, Texas , e x t e n s i o n of time t o May 20 , 1981, w i t h i n which to consummate the a c q u i s -i t i o n of Bank of Harris County, Nat iona l A s s o c i a t i o n , Houston, Texas . 1/

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

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

H.2, 1981 No. 17 - 2

ACTIONS OF THE BOARD-Cont inued

Minneapo l i s

Ch icago

San Franc i sco

Cleveland

New York

Lakeland Agency, I n c . , Pequot Lakes, Minnesota, 30-day e x -t e n s i o n of t ime v h i t h i n which to consummate the a c q u i s i t i o n of Lakeland S t a t e Bank, Pequot Lakes, Minnesota. \J

Nat iona l Bancorp, I n c . , Melrose Park, I l l i n o i s , ex t ens ion of time to May 31, 1981, w i t h i n which to become a bank holding company through the a c q u i s i t i o n of 100 percent of t h e v o t i n g shares of the s u c c e s s o r by merger to Melrose Park Nat iona l Bank, Melrose Park, I l l i n o i s . JL/

Va l l ey Nat ional Corporat ion, Phoenix , Arizona, e x t e n s i o n of t ime to September 30 , 1981, w i t h i n vhich to become a bank ho ld ing company through a c q u i s i t i o n of the V a l l e y Nat ional Bank of Arizona, Phoenix, Ar izona . \J

Apple Creek Banking Company, Apple Creek, Ohio, t o i n v e s t in bank premises . \J

Commercial Trust Company of New J e r s e y , Jersey C i t y , New J e r s e y , to make an a d d i t i o n a l investment in bank premises . 1/

A t l a n t a Gulf Coast Bank of P i n e l l a s , Madeira Beach, F l o r i d a , t o inves t in bank premises . JJ

P h i l a d e l p h i a Independent Bank & Trust Company, West Trenton, New J e r s e y , t o pay a d iv idend . _1/

A t l a n t a American Bank & Trust Company, L a f a y e t t e , L o u i s i a n a , proposed merger with ABT Bank & Trust Company, L a f a y e t t e , Loui s iana; report transmit ted to the Federal Depos i t Insurance Corpora-t i o n on c o m p e t i t i v e f a c t o r s . JL/

P h i l a d e l p h i a American Bank and Trust Co. of Pa. , Reading, Pennsy lvan ia , proposed merger with t h e Browns town Nat iona l Bank, Browns town, P a . , under the the t i t l e and char ter of American Bank and Trust Co. of Pa. ; report t ransmi t t ed to the Federal Depos i t Insurance Corporat ion on c o m p e t i t i v e f a c t o r s . J L /

Atlanta American Banking Company, M o u l t r i e , Georgia , proposed merger wi th ABC I n t e r i m , I n c . , M o u l t r i e , Georgia; report t r a n s -m i t t e d to the Federal Deposit Insurance Corporation on c o m p e t i t i v e f a c t o r s . 1/

Dal las F i r s t S t a t e Bank a t Gal lup, Gal lup , New Mexico, proposal t o merge w i t h New F i r s t S t a t e Bank at Gallup, Gal lup, New Mexico; report t r a n s m i t t e d to the Federal Deposi t Insurance Corporat ion on compet i t i ve f a c t o r s . 1/

1/ A p p l i c a t i o n processed on behal f of the Board of Governors under de legated authori t v .


H. 2, 1981 No. 17 - 3 -

ACTIONS OF THE BOARD-Continued

A t l a n t a P l a n t e r s Trust & Savings Bank, Opelousas , L o u i s i a n a , proposed merger with New P l a n t e r s Trust & Savings Rank , Opel on s as, Lou i s iana; report transmitted to the Federal Depos i t Insurance Corporation on c o m p e t i t i v e f a c t o r s . \J

Chicago Republic Bank of Boone County, B e l v i d e r e , I l l i n o i s , a p p l i c a t i o n for prior approval to merge with Boone S t a t e Bank, B e l v i d e r e , I l l i n o i s , under the charter of Republic Rank of Boone Countv, B e l v i d e r e , I l l i n o i s , and t i t l e of Boone S t a t e Bank, B e l v i d e r e , I l l i n o i s ; report transmit ted to the Federal Depos i t Insurance Corporation on c o m p e t i t i v e F a c t o r s . 1/

r l a d e l p h i a Southeast National Bank of Pennsy lvania , Chester , Pennsy lvan ia , proposed merger with Southeast Nat iona l Interim Bank of Penn-s y l v a n i a , Malvern, Pennsy lvan ia , under the t i t l e of Southeas t Nat iona l Bank of Pennsylvania and the charter of Southeast Nat ional Bank of Pennsylvania;* report transmitted to the Comptroller of t h e Currency on c o m p e t i t i v e f a c t o r s . 1/

n- v : >n S u f f o l k Frank 1 in Savings Rank, Bos to n, Massachuset ts , proposal to merge with Mutual Rank for S a v i n g s , Newton Centre, Mass-a c h u s e t t s ; report transmitted to the Federal Deposit Insur-ance Corporation on c o m p e t i t i v e f a c t o r s . _!_/

(, . c a s o Warren Bank, Warren, Michigan, a p p l i c a t i o n for pr ior approval to merge with WB Bank, Warren, Michigan, under the charter and t i t l e of Warren Bank, Warren, Michigan; report transmitted to t h e Federal Deposi t Insurance Corporation on c o m p e t i t i v e f a c t o r s . 1/

I / A p p l i c a t i o n processed on behalf of the Board of Cove mors under ie ! e l a t e d aut hori t y .


H.2, 1981 No. 17 4 -


To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 of the Federal Reserve Act

Approved New York Chemical Bank, New York, New York. To e s t a b l i s h a l i m i t e d

branch o f f i c e at IBM Corporat ion, 400 Columbus Avenue V a l h a l l a , Weschester County, New York. 1/

New York Chemical Bank, New York, New York. To e s t a b l i s h a l imi ted branch o f f i c e at IBM Corporat ion , Old Orchard Road, Armonk, Westches ter County, New York. 1/

New York Chemical Bank, New York, New York. To e s t a b l i s h a l i m i t e d branch o f f i c e of IBM Corporat ion, 520 White P la ins Road, Tarrytown, Weschester County, New York. 1/

Cleveland The Apple Creek Banking Company, Apple Creek, Ohio. Branch to be e s t a b l i s h e d at 113 West L i b e r t y S t r e e t , Wooster, Wayne County, Ohio. 1/

A t l a n t a Central Bank of Montgomery, Montgomery, Alabama. To e s t a b l i s h an automated t e L l e r machine at 2905-A Montgomery Mall , Montgomery, Alabama. \ ]

San Union Bank, Los Ange le s , C a l i f o r n i a . Branch to be e s t b l i s h e d Franc i sco in the v i c i n i t y of the i n t e r s e c t i o n of S lauson and Eastern

Avenues, Commerce, Los Angeles County, C a l i f o r n i a . JY

San United C a l i f o r n i a Bank, Los Ange l e s , C a l i f o r n i a . Branch to be Franc i sco e s t a b l i s h e d in the v i c i n i t y of the i n t e r s e c t i o n of T h i r t e e n t h

and Spring S t r e e t s , Paso Robels , San Luis Obispo County, C a l i f o r n i a . J7

San Val ley Bank and Trust Company, S a l t Lake C i t y , Utah. Branch to Franc i sco be e s t b l i s h e d at 185 South S t r e e t , S a l t Lake C i t y , Utah. \ j

* * * * *

R ichmond

To Become a Member of t h e Federal Reserve System Pursuant t o S e c t i o n 9 of the Federal Reserve Act

Approved The Bank o f C h a r l o t t e County, Phenix, V i r g i n i a . 1/

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


H.2, 1981 No. 17

Minneapol is

5 -


Issued Intent Not to Disapprove Change in Control Pursuant to Change in Bank Holding Company Act of 1978

Not Disapproved Glen-An Corporat ion , Sioux F a l l s , South Dakota. 1/

* * * * *

San F r a n c i s c o

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 for I n t e r n a t i o n a l I n v e s t -and Other Act ions Pursuant to S e c t i o n s 25 and 2 5 ( a ) of t h e Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, as amended

Approved Overseas Trust Bank, Hong Kong: on behal f of i t s branch i n

San F r a n c i s c o , t o enter into an agreement wi th the Federal Reserve System to r e c e i v e 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 S e c t i o n 5 ( a ) of The I n t e r n a t i o n a l Banking Act

* * * * *

A t l a n t a

Ch icago

Ch icago

Chicago

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

Approved ABC Holding Company, Moul tr ie , Georgia , f o r approval to acquire

100 percent of the v o t i n g shares of the s u c c e s s o r by merger to American Banking Company, Moul t r i e , Georgia . JJ

ALSIP BANCORPORATION, INC., A l s i p , I l l i n o i s , for approval t o acquire at l e a s t 80 percent of the v o t i n g shares of A l s i p Bank and Trus t , A l s i p , I l l i n o i s , a proposed new bank. _1/

Colonia l Bancoirpo rat ion, I n c . , Th i e n s v i 1 le , Wisconsin, f o r approval to acquire 80 percent or more of the v o t i n g s h a r e s of Co lon ia l S t a t e Bank, Th l e n s v i l le , Wisconsin and Rich f i e l d S t a t e Bank, Rich f i e l d , Wisconsin . \ j

Delhi Bancshares I n c . , D e l h i , Iowa, f o r approval to acquire a t l e a s t 9 8 . 2 percent of the v o t i n g shares of Delhi Savings Bank, D e l h i , Iowa. \J

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


H. 2 , 1981, No. 17 - 6 -


Chicago Freeport Bancshares , I n c . , Freeport , I l l i n o i s , f o r approval to acquire 100 percent ( l e $ 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 v o t i n g shares of Midwest Bank of Freepor t , Freeport , II l i n o i s . JL/

Chicago Van Home Bancshares , I n c . , Van Home, Iowa, f o r approval to acquire 100 percent of the v o t i n g shares of Van Home Savings Bank, Van Home, Iowa. JL/

S t . Louis Brighton Bancshares Corporat ion, Br ighton , Tennessee , for ap-proval to acquire at l e a s t 80 percent of the v o t i n g shares of Brighton Bank, Br ighton , Tennessee . If

Minneapol i s Bovey F i n a n c i a l Corporat ion, Bovey, Minnesota, f o r approval to acquire 8 3 . 7 percent of the v o t i n g shares of The F i r s t Nat ional Bank of Bovey, Bovey, Minnesota. If

Minneapol is F a r i b a u l t Bancshares , I n c . , F a r i b a u l t , Minnesota , for approval to acquire at l e a s t 9 3 . 6 4 percent of the v o t i n g shares of The S t a t e Bank o f F a r i b a u l t , F a r i b a u l t , Minnesota. If

Minneapol i s Northwoods Bankshares, I n c . , Fond du Lac, Wisconsin, f o r ap-proval to acquire at l e a s t 88 percent of the v o t i n g s h a r e s of Bank of Spooner, Spooner, Wisconsin . JJ

Kansas City Campbell S t a t e Company, Campbell, Nebraska, for approval t o acquire 100 percent of the v o t i n g shares of Campbell S t a t e Bank, Campbell, Nebraska. JJ

Kansas Ci ty Orchard V a l l e y F i n a n c i a l Corp. , H o t c h k i s s , Colorado, f o r ap-proval to acquire at l e a s t 80 percent of the v o t i n g shares of The F i r s t S t a t e Bank of H o t c h k i s s , H o t c h k i s s , Colorado. 1/

D a l l a s Live Oak Bancshares Corporat ion , George West, Texas , f o r ap-proval to acquire at l e a s t 80 percent of the v o t i n g shares of F i r s t Nat ional Bank in George West, George West, Texas . JJ

D a l l a s Pedernales Investment Corporat ion , D a l l a s , Texas , for approval to acquire 100 percent ( l e s s directors"1 q u a l i f y i n g s h a r e s ) of t h e v o t i n g shares of Pedernales -Bianco Corporat ion , D a l l a s , Texas and i n d i r e c t l y Johnson City Bank, Johnson C i t y , Texas . if

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


H.2, 1981 No. 17 - 7 -


D a l l a s South Texas Bancshares , I n c . , B e e v i l l e , Texas, f o r approval to acquire 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 the v o t i n g shares of The Commercial Nat ional Bank of B e e v i l l e , B e e v i l l e , Texas and F i r s t S t a t e Bank of Math i s , Math i s , Texas . 1/

* * * * *

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

Approved Boston F i r s t Bancorp of N .H. , I n c . , Manchester, New Hampshire, f o r ap-

proval to acquire 80 percent or more of the v o t i n g shares of White Mountain Nat ional Bank of North Conway, North Conway, New Hampshire. \J

Cleveland Ohio C i t i z e n s Bancorp, I n c . , T o l e d o , Ohio, f o r approval to acquire 8 0 . 8 1 percent of the v o t i n g shares of The Farmers & Merchants Depos i t Company, Swanton, Ohio. If

Chicago N a t i o n a l D e t r o i t Corporat ion , D e t r o i t , Michigan, for approval to acquire 80 percent or more of the v o t i n g shares of the s u c c e s s o r by merger to Nat ional Ann Arbor Corporat ion , Ann Arbor, Michigan and i n d i r e c t l y acquir ing 100 percent of the v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of Nat iona l Bank and Trust Company of Ann Arbor, Ann Arbor, Michigan and Monroe County Bank, Dundee, Michigan. 1/

D a l l a s Chisholm F inanc ia l S e r v i c e s , I n c . , Richardson, Texas, f o r ap-proval to acquire 82 percent of t h e v o t i n g shares of Chisholm Nat iona l Bank, P i a n o , Texas , a proposed new bank. 1/

* * * * *

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

Approved Chicago De lh i Bancshares I n c . , D e l h i , Iowa, for approval to acquire

De lh i Insurance Agency, a company engaged i n genera l insurance a c t i v i t i e s i n D e l h i , Iowa, a community with a populat ion not exceed ing 5 , 0 0 0 . 1/

1/ 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 .

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

H.2, 1981 No. 17 - 8 -


Chicago GRISWOLD STATE BANCSHARES, INC., Griswold , Iowa, f o r approval to r e t a i n 100 percent of the v o t i n g shares of Lary Insurance Agency, through the Prokop Insurance Agency, a wholly-owned s u b s i d i a r y of GRISWOLD STATE BANCSHARES, INC.

Chicago Van Home Bancshares , I n c . , Van Home, Iowa, f o r approval to acquire Van Home Insurance Agency, Van Home, Iowa, a company that s e l l s genera l insurance in a community with a populat ion of l e s s than 5 , 0 0 0 .

Reac t iva ted Kansas Ci ty Southwest Bancshares Corporat ion , Oklahoma C i t y , Oklahoma,

n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( the s a l e of insurance 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 by i t s s u b s i d i a r y bank, Farmers and Merchants Bank, E u f a u l a , Oklahoma and by i t s nonbanking lending s u b s i d i a r y , PBC Financia l Corporat ion, Oklahoma C i t y , Oklahoma) in E u f a u l a , Oklahoma and Oklahoma C i t y , Oklahoma, the geographic area to be served by the Eufaula , Oklahoma o f f i c e i n c l u d e s Mcintosh County, Oklahoma and the geographic area to be served by the Oklahoma C i t y , Oklahoma o f f i c e i n c l u d e s the Oklahoma C i t y SMSA, through a s u b s i d i a r y , Southwest Bancshares Insurance Agency, Inc . ( 4 / 2 3 / 8 1 ) 3 /

Permitted New York The Chase Manhattan Corporat ion , New York, New York, r e q u e s t s

permiss ion to e s t a b l i s h a de novo o f f i c e engaging i n the f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g , for i t s own account or f o r the account of o t h e r s , loans and o ther e x t e n s i o n s of c r e d i t secured by r e a l e s t a t e i n c l u d i n g , but not l i m i t e d t o , f i r s t and second mortgage loans secured by mortgages on o n e - t o - f o u r f a m i l y r e s i d e n t i a l p r o p e r t i e s ; s e r v i c i n g loans and o ther e x t e n s i o n s of c r e d i t for any person; to s e l l mortgage loans in the secondary market; and to o f f e r mortgage term l i f e i n s u r -a n c e , acc ident and h e a l t h insurance and d i s a b i l i t y i n s u r -ance d i r e c t l y r e l a t e d to such lending and s e r v i c i n g a c t i v i t i e s ) in the area of the V i l l a g e Square Shopping Center , Oregon P i k e , L a n c a s t e r , Pennsy lvan ia , through i t s s u b s i d i a r y , Chase Home Mortgage Corporat ion ( 4 / 2 4 / 8 1 ) 1'

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 d e l e g a t e d a u t h o r i t y .

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

H.2, 1981 No. 17 - 9 -

ACTIONS OF THE SQARfr-Cont inued

New York Chemical New York Corporat ion , NeW York, New York, t o expand the a c t i v i t i e s of i t s i n d i r e c t subs i -di t ir ies , Sun S t a t e s L i f e Insurance Company and Great "Lakes* Insurance Company, both o f C l e v e l a n d , Ohio, to inc lude the r e i n s u r i n g of c r e d i t l i f e and adcident and h e a l t h insurance w r i t t e n in c o n n e c t i o n with e x t e n s i o n s of t r e d i t made by t h e f inance s u b s i d i a r i e s of A p p l i c a n t ' s d i r e c t s u b s i d i a r y , Sunamerica Corporat ion , in t h e S t a t e o f F lor ida ( 4 / 1 9 / 8 1 ) 3 /

New York C i t i c o r p , New York, New York, r e q u e s t s ' permiss ion to 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 engaging in the f o l l o w i n g a c t i v i t i e s (making, a c q u i r i n g , and s e r v i c i n g , for i t s own account- a Aid for t h e accoiant of o t h e r s , e x t e n s i o n s of c r e d i t secured by l i e n s on r e s i d e n t i a l r e a l e s t a t e ; the p r e v i o u s l y approved a c t i v i t i e s of the o f f i c e inc lude the making, acquir ing and s e r v i c i n g of e x t e n s i o n s of c r e d i t secured by second l i e n s on r e s i d e n -t i a l real e s t a t e ; and the o r i g i n a t i n g * f o r i t s own account and the account of o t h e r s , of o n e - t o - f o u r f a m i l y r e s i d e n -t i a l mortgage loans ; the p r e v i o u s l y approved s e n / i c e area of the o f f i c e , comprised of t h e metropo l i tan San Jose a r e a , w i l l a l s o be expanded to include the e n t i r e S t a t e of C a l i -forn ia for a l l the a c t i v i t i e s of the o f f i c e ) at 1735 N. F i r s t S t r e e t , S u i t e 310, San J o s e , C a l i f o r n i a , t h r o u g h i t s s u b s i d i a r y , C i t i c o r p Homeowners, Inc . ( 4 / 2 2 / 8 1 ) 3f

Nev York Manufacturers Hanover Corporat ion, New York, New York, r e q u e s t s permiss ion to e s t a b l i s h a de novo o f f i c e e n g a g -ing i n the f o l l o w i n g a c t i v i t i e s ( l e a s i n g r e a l and per -sonal property on a f u l l payout b a s i s , a c t i n g as agent , broker or a d v i s e r in l e a s i n g such property; making o r a c q u i r i n g for i t s own account or for the account of o t h e r s loans and o t h e r e x t e n s i o n s of c r e d i t such as would be made by a commercial f inance or commerc ia l mortgage company with respect to real and/or p e r s o n a l proper ty , and s e r v i c i n g such l e a s e s , leans and other e x t e n s i o n s of c r e d i t as permitted under S e c t i o n s 2 2 5 . 4 ( a ) ( 1 ) , ( 3 ) and ( 6 ) of Regulat ion Y) at 34 North Meramec, Clayton , Missour i , through i t s s u b s i d i a r y , Manufacturers Hanover ^eas ing Corporat ion ( 4 / 2 3 /81) 3_/

Cleve land P i t t s b u r g h Nat ional Corporat ion, P i t t sbarghy P e n n s y l v a 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 the f o l l o w i n g a c t i v i t i e s (mortgage banking , i nc ludi,ng t he n& of r i n g and s e r v i c i n g for i t s ovfn account a nd or the, a4&ount of r o t h e r s ,

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Kea^rve B a # on, j^ehal f Of : I then Board of Governors under d e l e g a t d a u t h o r i s t y V r f


H.2, 1981 No. 17 - 10 - , , . . . - i:

V : ; r - inued

... iR the metropo-U^ip area jo rfmd : Rapids*; M^hjLga^ through a s u b s i d i a r y , The Kisae l l

H. 2 , 1981 No. 17 - 1 1 -

ACTIONS OF THE BOARD-Cont inued

Oklahoma, the geographic area to be served by the Eufaula , Oklahoma o f f i c e i n c l u d e s Mcintosh County, Oklahoma and the geographic area to be served by the Oklahoma C i t y , Oklahoma o f f i c e i n c l u d e s the Oklahoma C i t y SMS A, through a s u b s i d i a r y , Southwest Bancshares Insurance Agency, Inc . ( 4 / 2 4 / 8 1 ) 3 /

San BankAmerica Corporat ion , San F r a n c i s c o , C a l i f o r n i a , not i f i -F r a n c i s c o c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making

or acquir ing f o r i t s own account loans and other e x t e n -s i o n s of c r e d i t such as would be made or acquired by a f i n a n c e company; s e r v i c i n g such loans and other e x t e n -s i o n s of c r e d i t ; and o f f e r i n g c r e d i t r e l a t e d l i f e , a c c i -dent and d i s a b i l i t y and c r e d i t r e l a t e d property insurance; such a c t i v i t i e s w i l l i n c l u d e , but not be l i m i t e d t o , mak-ing loans and other e x t e n s i o n s of c r e d i t to consumers and small b u s i n e s s e s , purchas ing 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 secured by r e a l and personal prop-p e r t y , and o f f e r i n g c r e d i t r e l a t e d l i f e , acc ident and d i s a b i l i t y and property insurance d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t made or acquired by FinanceAmerica Credi t Corporat ion) i n Overland Park, Kansas, s erv ing t h e S t a t e s of Kansas and M i s s o u r i , through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Credi t Corporat ion ( 4 / 2 4 / 8 1 ) 3 /

San Secur i ty P a c i f i c Corporat ion, Los Ange le s , C a l i f o r n i a , no-F r a n c i s c 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 ( a c t -

ing as escrow agent f o r the purchase and s a l e of rea l property and the e x e c u t i o n of a l l documents and d i s p e r s a l of funds r e l a t i n g t o loan t r a n s a c t i o n s , and a l l o ther a c t i v i t i e s engaged in by an escrow company) a t 8141 East Second S t r e e t , S u i t e 300 , Downey, C a l i f o r n i a , s e r v -i n g the S t a t e o f C a l i f o r n i a , through i t s s u b s i d i a r y , S.P.M.C. Escrow, I n c . ( 4 / 1 7 / 8 1 3 /

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


H.2, 1981 No. 17 - 12 -

APPLICATIONS RECEIVED

To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 o f the Federal Reserve Act

New York Chemical Bank, New York, New York. Branch to be e s t a b l i s h e d at Nassau County Medical Center , "A" Bui ld ing Lobby, 2201 Hempstead Turnpike, East Meadow, Nassau County, New York. 2/

P h i l a d e l p h i a Girard Bank, Bala Cynwyd, Pennsy lvan ia . To e s t a b l i s h o f f s i t e e l e c t r o n i c f a c i l i t i e s at the fo l lowing l o c a t i o n s in PA; Shop n Bag, 601 Cedar Avenue, Yeadon; 7 -11 Store , 9304 Krewstown Road, P h i l a d e l p h i a ; Thri f tway Market, McDade Boulevard and Darby Creek Road, Darby: and Shop n Bag, 6430 Market S t r e e t , Upper Darby. 2 /

A t l a n t a Gulf Coast Bank of P i n e l l a s , Madeira Beach, F l o r i d a . Branch to be e s t a b l i s h e d at the i n t e r s e c t i o n of East Lake Road and S t a t e Road 584 (on nor theas t Corner) in the East Lake Wood-lands Shopping Center , P i n e l l a s County, F l o r i d a . 2 /

* * * * *

To Become a Member of t h e Federal Reserve System Pursuant t o S e c t i o n 9 of the Federal Reserve Act

S t . Louis Gravois Avenue Bank, S t . Louis County, M i s s o u r i .

* * * * *

To Merge Pursuant to S e c t i o n 1 8 ( c ) of t h e Federal Depos i t Insurance Act

S t . Louis Gravois Bank, S t . Louis County, M i s s o u r i , to merge with Gravois Avenue Bank, S t . Lou i s County, M i s s o u r i . 2J

2J A p p l i c a t i o n subject to Community Reinvestment Act . The Community A f f a i r s 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 ength of the comment per iod .


H.2 , 1981 No. 17 13

APPICATIONS RECEIVED-Cont inued

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

Boston United Vermont Rancorporat ion, Rutland, Vermont, f o r ap-proval to acquire at l e a s t 80 percent of the v o t i n g shares of Proctor Trust Company, P r o c t o r , Vermont. 2/

P h i l a d e l p h i a Southeas tern Nat iona l Bancshares of Pennsylvania I n c . , Malvern, P e n n s y l v a n i a , f o r approval to acquire 100 percent of the v o t i n g s h a r e s ( except d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of Southeast Nat ional Bank of Pennsy lvania , Chester , Pennsy lvan ia . 2 /

A t l a n t a F i r s t Gonzales Corporat ion , Gonzales , L o u i s i a n a , f o r approval to acquire at l e a s t 80 percent of the v o t i n g shares of F i r s t Nat ional Bank of Gonzales , Gonzales , L o u i s i a n a . 2/

A t l a n t a F lora F i n a n c i a l Corporat ion, F lora , M i s s i s s i p p i , for approval to acquire 8 3 . 9 percent of the v o t i n g shares of Bank of F l o r a , F lora , M i s s i s s i p p i . 2 /

A t l a n t a Republic Bancshares Corporat ion , Clearwater , F l o r i d a , f o r ap-proval to acquire at l e a s t 99 percent of the v o t i n g shares of The Republic Bank, P i n e l l a s County, (P.O. Box Dunedin) F l o r i d a . 2/

S t . Louis Gravois Bancorp. , I n c . , S t . Louis County, Missour i , f o r ap-proval to acquire 100 percent of the v o t i n g shares of Gravois Avenue Bank, S t . L o u i s , Mis sour i . 2/

Minneapol is Good Thunder Bancshares , I n c . , Good Thunder, Minnesota, for approval to acquire at l e a s t 8 9 . 5 percent of the v o t i n g shares of the F i r s t S t a t e Bank of Good Thunder, Good Thunder, Minnesota. 2 /

Kansas C i ty Farmers S t a t e Bankshares, I n c . , Burns, Wyoming, f o r approval to acquire at l e a s t 97 percent of the v o t i n g shares of The Farmers S t a t e Bank of Burns, Burns, Wyoming. 2_/

Kansas Ci ty F i d e l i t y Bankshares of Colorado, I n c . , Denver, Colorado, for approval to acquire 100 percent of the v o t i n g shares of F i d e l i t y Bank of Denver, Denver, Colorado, a proposed new bank. 2/

2 / A p p l i c a t i o n subject to Community Reinvestment Act . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contac ted as to the l eng th of the comment per iod .

l


H.2, 1981 No. 17

Kansas Ci ty

Dai las

Dal las

Sa n Franci s co

14

APPLICATIONS RECEIVED-Cont inued

King Bancshares , I n c . , Kingman, Kansas, f o r approval to acquire at l e a s t 92 percent of the v o t i n g shares of The F i r s t Nat ional Bank of Kingman, Kingman, Kansas. 2/

Conso l idated Bancshares , Inc . , A b i l e n e , Texas , for approval to acquire 100 percent of the v o t i n g shares of A b i l e n e Nat iona l Bank, A b i l e n e , Texas . 2 j

Ruston Bancshares , I n c . , Ruston, L o u i s i a n a , f o r approval to acquire at l e a s t 80 percent of t h e v o t i n g shares of Ruston S t a t e Bank & Trust Company, Ruston, L o u i s i a n a . 2/

Moore F i n a n c i a l Group Incorporated, B o i s e , Idaho, for ap-proval to acquire 100 percent of the v o t i n g shares of The Idaho F i r s t Nat iona l Bank, B o i s e , Idaho. 2 /

* * * * *

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

At lanta F i r s t F l o r i d a Banks, I n c . , Tampa, F l o r i d a , for approval to acquire not l e s s than 9 8 . 4 percent of the v o t i n g shares o f Bank o f Clearwater , Clearwater , F l o r i d a ; and for M u l t i -Line , I n c . , Tampa, F l o r i d a , t o acquire an a d d i t i o n a l 8 . 3 percent of t h e v o t i n g shares of F i r s t F l o r i d a Banks, I n c . , Tampa, F l o r i d a . If

Chicago C i t i z e n s Bancorporat ion , Sheboygan, Wisconsin , f o r approval to acquire a t l e a s t 80 percent of t h e v o t i n g shares of Gi l l e t t S t a t e Bank, Gi l l e t t , Wiscons in . 2/

* * * * *

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

New York Barclays Bank Limited , London, England, r e q u e s t s p e r m i s s i o n to engage de novo in the f o l l o w i n g a c t i v i t i e s ( p r o v i d i n g i n v e s t -

27 A p p l i c a t i o n subjec t to Community Reinvestment Act . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be contacted as to the length of the comment per iod .

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

H.2 , 1981 No. 17 - 1 5 -

APPLICATIONS RECEIVfcD-Cont in'ued

merit and f i n a n c i a l advisory s e r v i c e s concerning f o r e i g n s e c u r -i t i e s to i n s t i tut i ona l i n v e s t o r s , pr imari ly pension funds , throughout the United S t a t e s ) at 93 S t . Paul Churchyard, London, England, through i t s s u b s i d i a r y , Barc lays Investment Management Limited ( 4 / 2 3 / 8 1 ) 3/

New York C i t i c o r p , New York, New York, r e q u e s t s permission to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e engaging in the f o l l o w -i n g a c t i v i t i e s ( p r e v i o u s l y approved a c t i v i t i e s : the making or acquir ing of loans and other e x t e n s i o n s of c r e d i t , secured or unsecured, for consumer and other purposes; the e x t e n s i o n s of loans to d e a l e r s for the f inanc ing of inventory ( f l o o r p lanning) and working c a p i t a l purposes; the purchas ing and s e r v i c i n g for i t s own account of s a l e s f inance c o n t r a c t s ; the s a l e of c r e d i t r e l a t e d l i f e and acc ident and h e a l t h of decreas ing or l e v e l ( i n the case of s i n g l e payment l o a n s ) term l i f e insurance by l i c e n s e d agents or b r o k e r s , as required; and the s e r v i c i n g , for any person, o f loans and other e x t e n s i o n s of c r e d i t ; the new a c t i v i t y i n tfiich the o f f i c e proposes to engage de novo i s : the s a l e of c r e d i t re la ted property and c a s u a l t y insurance p r o t e c t i n g r e a l and personal property subjec t to a s e c u r i t y agreement w i t h C i t i c o r p P e r s o n - t o - P e r s o n F inanc ia l Center , I n c . to the ex tent p e r m i s s i b l e under a p p l i c a b l e S ta te insurance laws and r e g u l a t i o n s ; the prev ious ly approved s e r v i c e area of the o f f i c e i s comprised of Contra Costa and Alameda Count ies ; 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 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 C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l Center , I n c . ) at 1990 North C a l i f o r n i a Boulevard, Walnut Creek, C a l i f o r n i a , through i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n F inanc ia l Center , Inc . (Delaware) ( 4 / 2 0 / 8 1 ) 3 /

New York C i t i c o r p , New York, New York, r e q u e s t s permiss ion to expand the a c t i v i t i e s of an e x i s t i ng o f f i c e engaging in the fo l l owing a c t i v i t i e s ( p r e v i o u s l y approved a c t i v i t i e s : the making or acquir ing o f loans and other e x t e n s i o n s of c r e d i t , secured or unsecured, f o r consumer and other purposed; the e x t e n s i o n s of loans to d e a l e r s for the f i n a n c i n g of inventory ( f l o o r planning) and working c a p i t a l purposes; the 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 inance c o n t r a c t s ; the s a l e of c r e d i t r e l a t e d l i f e and acc ident and h e a l t h or decreas ing or l e v e l ( i n the case of s i n g l e payment loans) term l i f e insurance by l i c e n s e d agent s or brokers , as required; and the s e r v i c i n g , f o r any person, of loans and other e x t e n s i o n s of c r e d i t ; the pro-

~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 de l ega ted a u t h o r i t y .

I


H.2, 1981 No. 17 - 1 6 -

APPLICATIONS RECEIVED Continued

posed new a c t i v i t y i n which the o f f i c e wi shes to engage i s the s a l e of c r e d i t r e l a t e d property and c a s u a l t y insurance p r o t e c t -ing re pi and personal property subject to a s e c u r i t y agreement with C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l Center , Inc . , to the extent p e r m i s s i b l e under a p p l i c a b l e S t a t e insurance laws and r e g u l a t i o n s ; the p r e v i o u s l y approved s e r v i c e a r e a , com-pr ised of the e n t i r e S t a t e of Lou i s iana , s h a l l be the same for the new a c t i v i t y ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h insurance 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 o f C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l Center , I n c . ) a t 3636 S. Sherwood Fores t Boulevard, Baton Rouge, L o u i s i a n a , through i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n F inanc ia l Center , I n c . (Domest ic) ( 4 / 2 0 / 8 1 ) 3 /

Richmond Dominion Bankshares Corporat ion , Roanoke, V i r g i n i a , n o t i f i c a t i o n of in tent to expand i t s de novo a c t i v i t i e s ( t o inc lude making loans and other e x t e n s i o n s of c r e d i t for i t s own account or f o r the account of o t h e r s , and s e r v i c i n g such loans and o ther e x t e n s i o n s o f c r e d i t for o thers ) at 213 South J e f f e r s o n S t r e e t , Roanoke, V i r g i n i a , through i t s s u b s i d i a r y , Dominion Leasing Corporat ion ( 4 / 2 1 / 8 1 ) 3 /

Richmond Dominion Bankshares Corporat ion , Roanoke, V i r g i n i a , n o t i f i c a t i o n of i n t e n t to expand i t s de novo a c t i v i t i e s ( t o inc lude a c t i n g as insurance agent or broker in the s a l e of c r e d i t l i f e insur-ance; and nonconvert ib le term l i f e insurance r e l a t e d to or a r i s i n g out of loans made or c r e d i t t r a n s a c t i o n s ) at 213 South J e f f e r s o n S t r e e t , Roanoke, V i r g i n i a , through i t s s u b s i d i a r y , Dominion Leasing Corporat ion ( 4 / 2 4 / 8 1 ) 3J

F i r s t Maryland Bancorp, Bal t imore , Maryland, for approval t o i s s u e and s e l l t r a v e l e r s checks through a de novo s u b s i d i a r y , F i r s t Maryland Cheque Corporat ion, Bal t imore , Maryland

Flora F i n a n c i a l Corporat ion, F lora , M i s s i s s i p p i , f o r permiss ion to act as agent or broker in the 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 insurance 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 by A p p l i c a n t ' s s u b s i d i a r y , Bank o f F l o r a , F lora , M i s s i s s i p p i

A t l a n t a P lanters Bancshares , I n c . , Opelousas , Lous iana , n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( i n l e a s i n g of heavy equipment, pr imar i ly for o i l f i e l d u s e ) at 102-C Sheppard Drive , L a f a y e t t e , L o u i s i a n a , through a s u b s i d i a r y , P l a n t e r s Bancshares Leas ing , I n c . ( 4 / 2 4 / 8 1 ) 3/

Richmond

A t l a n t a

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


H. 2 , 1981 No. 17 - 1 7 -

APPLICATIONS RECEIVED-Contiriued

Chicago F i r s t Macomb Corporat ion, Mount Clemens, Michigan, 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 acquir ing for i t s own account or for the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t such as would be made by a com-mercia l f i n a n c e a c t i v i t y , i n c l u d i n g commercial loans secured by a borrower's i n v e n t o r y , accounts r e c e i v a b l e , f i x e d a s s e t s (both real and p e r s o n a l ) , l e a s e s or o ther a s s e t s , and s e r v i c i n g such loans ) at 1 N. G r a t i o t , Mount Clemens, Michigan, s erv ing s o u t h e a s t e r n Michigan ( 4 / 1 3 / 8 1 ) 3 /

Chicago Nat iona l D e t r o i t Corporat ion , D e t r o i t , Michigan, 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 ( i n investment advisory a c t i v i t i e s i n c l u d i n g the prov i s ion of p o r t f o l i o investment adv ice and the furn i sh ing of genera l economic in format ion and adv ice , general economic s t a t i s t i c a l f o r e c a s t i n g s e r v i c e s and industry s t u d i e s , p r i n c i p a l l y to natural persons) at S u i t e 205, Boulevard B u i l d i n g , 1920 Palm Beach Lakes Boulevard, West Palm Beach, F l o r i d a , p r i n c i p a l l y serv ing an area w i t h i n a 4 0 - m i l e radius from sa id o f f i c e , through i t s s u b s i d i a r y , NBD F i n a n c i a l S e r v i c e s of F l o r i d a , I n c . ( 4 / 1 5 / 8 1 ) 3 /

Kansas Ci ty Locust Grove Banshares , Incorporated , Locust Grove, Oklahoma, 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 ( i n the s a l e of insurance 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 by i t s s u b s i d i a r y bank, Bank of Locust Grove, Locust Grove, Oklahoma) t h e geographic area to be served i n c l u d e s the town of Locust Grove, Oklahoma and a t w e n t y - f i v e - m i l e radius around the town of Locust Grove, Oklahoma ( 4 / 2 0 / 8 1 ) 3 /

San Secur i ty P a c i f i c Corporat ion, Los A n g e l e s , C a l i f o r n i a , f o r ap-Franc i sco proval to acquire 100 percent of t h e v o t i n g shares of A. J .

Armstrong, Company, I n c . , New York, New York, a commercial f a c t o r i n g and f i n a n c e company.

* * * * *

None.

REPORTS RECEIVED

* * * * *

PETITIONS FOR RULEMAKING

None.

3 / 4 ( c ) ( 8 ) A p p l i c a t i o n processed on behal f of the Board of Governors under de legated a u t h o r i t y .


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