h2_19810627.pdf

ANNOUNCEMENT BY

APPLICABLE RESERVE BANK

Chicago

Kansas City

New York

At lanta

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1981 No. 26)

Act ions of the Board; Appl i ca t ions and Reports

Received During the Week Ending June 27, 1981

ACTIONS OF THE BOARD

Statement by Chairman Paul A. Volcker before the Sub-committee on Domestic Monetary P o l i c y , House Banking Committee, to g ive the Board's views concerning the r o l e of money market funds in the n a t i o n ' s f i n a n c i a l s t r u c t u r e .

Statement by Vice Chairman Frederick H. Schultz b e f o r e the Subcommittee on Conservat ion, Credit and Rural Development, House Committee on Agr icu l ture , t o d i s c u s s Federal Reserve p o l i c y and the impl i ca t ions for the a g r i c u l t u r a l s e c t o r .

Proposal to amend Regulat ion Y to inc lude the issuance of t r a v e l e r s checks in the l i s t of nonbanking a c t i v i t i e s permiss ib l e for bank holding companies; the Board inv i t ed comment by August 31, 1981.

Antioch Bancshares, I n c . , Antioch, I l l i n o i s , e x t e n s i o n of time to September 22 , 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 the v o t i n g shares of the successor by merger to The F i r s t National Bank of Ant ioch, Antioch, I l l i n o i s . V

F i r s t Ci ty Holding Corporat ion, Oklahoma C i t y , Oklahoma, ex-t e n s i o n of time to July 27, 1981, wi th in which to consummate the a c q u i s i t i o n of F i r s t C i ty Bank, N.A. , Oklahoma Ci ty , Oklahoma. _1/

F i r s t Jersey National Corporation, Jersey Ci ty , New Jersey , ex tens ion of time to August 2, 1981, w i th in which to acquire the successor by merger to Perth Amboy National Bank, Perth Amboy, New Jersey . 1/

Flagship Banks, I n c . , Miami, F l o r i d a , e x t e n s i o n of time to September 28, 1981, w i th in which to acquire Flagship National Bank of Sarasota County, Sarasota , F lor ida , a proposed new bank. 1/

1/ App l i ca t ion processed on behalf of the Board of Governors under delegated 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. 26 - 2

ACTIONS OF THE BOARD-Continued

Atlanta Guardian Banks Financial Corporation, Seminole, Florida, extension of time to August 15, 1981, within which to become a bank holding company through the acqu i s i t ion of Guardian Bank, Seminole, Florida. I f

Kansas City Mid-Nebraska Bancshares, I n c . , Ord, Nebraska, extens ion of time to July 25, 1981, within which to consummate the a c q u i s i t i o n of Nebraska State Bank, Ord, Nebraska. _1/

Kansas City Mountain Banks, Ltd . , Denver, Colorado, extension of time to October 21, 1981, within which to consummate the acqu i s i t i on of L o u i s v i l l e Mountain Banks, N.A., L o u i s v i l l e , Colorado, a proposed new bank. J /

Atlanta South F irs t National Corporation, Ocean Sprngs, M i s s i s s i p p i , extension of time to July 28, 1981, within which to acquire shares of F irs t National Bank of the South, Ocean Springs, M i s s i s s i p p i . J7

St . Louis Bank of Cairo and Moberly, Moberly, Missouri, addit ional investment in bank premises. If

Phi ladelphia Orrstown Bank, Orrstown, Pennsylvania, an additional inves t -ment in bank premises. J L /

Atlanta St. Bernard Bank & Trust Company, Arabi, Louisiana, an in-vestment in bank premises. J_/

Dallas Bank of North Texas, North Richland H i l l s , Texas, proposed merger with New Bank of North Texas, North Richland H i l l s , Texas; report to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . V

Richmond Branch Banking and Trust Company, Wilson, North Carolina, proposed merger with Independence National Bank, Gastonia, North Carolina; report to the Federal Deposit Insurance Corporation on competit ive fac tor s . J L /

Atlanta Cit izens Bank, Folkston, Georgia, proposed merger with Ci t i zens Interim Bank, Folks ton, Georgia; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . 1/

Dal las Col l in County National Bank of McKinney, McKinney, Texas, proposed merger with Col l in County Bank, N.A., McKinney, Texas; report to the Comptroller of the Currency on competit ive f a c t o r s . 1/

J7 Applicat ion processed on behalf of the Board of Governors under delegated authority .

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

H.2, 1981 No. 26


Dallas F irs t Bank and Trust, Tomball, Texas, proposed merger with Tomball'Bank, Tomball, Texas; report to the Federal Deposit Insurance Corporation on competit ive fac tor s . \J

Richmond F i r s t C i t i z e n s Bank and Trust Company of South Carolina, Columbia, South Carolina, proposal to acquire the a s s e t s and assume the l i a b i l i t i e s of the Florence Branch of F i r s t National Bank of South Carolina, Columbia, South Carolina; report to the Federal Deposit Insurance Corpora-t ion on competit ive f a c t o r s . JJ

St . Louis F irs t S ta te Bank of Union, Union, Missouri , proposal t o merge with F i r s t National Bank of Franklin County, Union, Missouri; report to the Federal Deposit Insurance Corpora-t i o n on competit ive f a c t o r s . JL/

New York Heritage Bank-North, Monroe Township, New Jersey , proposal to purchase the a s s e t s and assume the l i a b i l i t i e s of State Bank of Raritan Val ley , Raritan, New Jersey; report to the Federal Deposit Insurance Corporation on competitive f a c t o r s . 1/

Dal las

Chicago

Boston

Meadowbrook National Bank, Fort Worth, Texas, proposal to merge with Meadowbrook State Bank, Fort Worth, Texas; report to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . \J

Northwest Bank of Rockford, Rockford, I l l i n o i s , for prior approval to merge with Rockton Centre Bank, Rockford, I l l i n o i s , under the charter of Rockton Centre Bank, Rockford, I l l i n o i s and t i t l e of Northwest Bank of Rock-ford, Rockford, I l l i n o i s ; report to the Federal Deposit Insurance Corporation on competit ive f a c t o r s . \ j

Penobscot Savings Bank, Bangor, Maine, proposal to merge with Watervi l le Savings Bank, Waterv i l l e , Maine; report to the Federal Deposit Insurance Corporation on competit ive f a c t o r s . 1/

New York Peoples Westchester Savings Bank, Tarrytown, New York, pro-posal to merge with Peekski l l Savings Bank, P e e k s k i l l , New York and Greenburgh Savings Bank, Dobbs Ferry, New York; report to the Federal Deposit Insurance Corporation on competit ive fac tors . 1/

\ j Appl icat ion processed on behalf of the Board of Governors under delegated authority .


# H.2, 1981 No. 26 - 4 -


At lanta

Chicago

Southeast Bank of Broward, Fort Lauderdale, Florida, pro-posed merger with Bank of Coral Springs, Coral Springs, Florida; report to the Federal Deposit Insurance Corpora-t ion on competit ive f a c t o r s , _1/

Wolverine State Bank, Sandusky, Michigan, for prior approval to merge with WSB State Bank, Sandusky, Michigan, under the charter of Wolverine State Bank, Sandusky, Michigan, .tad t i t l e of Wolverine S ta te Bank, Sandusky, Michigan; report to the Federal Deposit Insurance Corporation on compet i t ive f a c t o r s . _L/

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


H.2, 1981 No. 26 - 5 -


To E s t a b l i s h a Branch Pursuant to Sec t ion 9 of the S e c u r i t i e s Exchange Act

Approved Cleveland The Lorain County Savings & Trust Co . , E l y r i a , Ohio. To

e s t a b l i s h a branch at 442 Main S t r e e t , southeas t corner of Hyanis and S t a t e Route #5 7, Grafton, Lorain County, Ohio. 1/

* * * * *

To Merge Pursuant to Sec t ion 18(c) of the Federal Deposit Insurance Act

Approved Richmond United V i r g i n i a Bank, Richmond, V i r g i n i a , to merge with The

F i r s t and Merchants National Bank of Radford, Radford, V i r g i n i a . 1/

* * * * *

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 -ments and Other Actions Pursuant to Sec t ions 25 and 25(a) of the 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 New York Entered i n t o an agreement with Banco de Credito Nacional

S . A . , Sao Paulo , Braz i l that BCN would l i m i t the d e p o s i t -tak ing a c t i v i t i e s of a l imi ted branch to be l oca ted in San F r a n c i s c o , C a l i f o r n i a ( o u t s i d e of i t s des ignated home S t a t e , New York). 1/

Chicago Continental I n t e r n a t i o n a l Finance Corporation, Chicago, I l l i n o i s : grants consent to separate l i m i t a t i o n s for loans to the Kingdom of Belgium and f o r investment s e c u r i t i e s of the Kingdom of Belgium, under S e c t i o n 211 .6 (b) of the Board's Regulat ion K (12 C.F.R. 2111 .6(b) with respect to Cont inental Bank S .A. , B r u s s e l s , Belgium.

Chicago D e t r o i t Bank & Trust I n t e r n a t i o n a l , D e t r o i t , Michigan, t o form and i n v e s t in a j o i n t venture corporat ion to be domici led in Mexico City , Mexico and to be known as Sociedad F i n a n c i e r o s , S.A. de C.V. 1/

17 App l i ca t ion processed on behalf of the Board of Governors under d e l e g a t e d authori ty .

I


H.2, 1981 No. 26 - 6 -


To E s t a b l i s h a U.S. Branch of an Edge Act Corporation Pursuant to Sect ion 25(a) of the Federal Reserve Act

Approved New York F i r s t I n t e r s t a t e In ternat iona l of C a l i f o r n i a , New York,

New York ( formerly United C a l i f o r n i a Bank I n t e r n a t i o n a l , New York, New York): grants consent to e s t a b l i s h and operate a branch in New York, New York and a l s o approved the amend-ment of A r t i c l e Third of Edge's A r t i c l e s of A s s o c i a t i o n to change the l o c a t i o n of Edge's head o f f i c e to Los Angeles , C a l i f o r n i a .

* * * * *

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

Withdrawn Kansas City Rosedale Bancshares, I n c . , Kansas Ci ty , Kansas, for approval

to acquire at l e a s t 80 percent of the vot ing shares of Rosedale S t a t e Bank and Trust Co. , Kansas Ci ty , Kansas.

Approved Cleveland Marine Bancorp, I n c . , Er i e , Pennsylvania , for approval t o

acquire 100 percent of the vo t ing shares of Marine Bank (ME ADVIL LE), Er ie , Pennsylvania . JL/

At lanta Cen-La Bancshares, I n c . , Marksv i l l e , Louis iana , f o r approval to acquire at l e a s t 80 percent of the v o t i n g shares of Central Louis iana Bank & Trust Company, Marksv i l l e , Louis iana . I f

At lanta Flora F inanc ia l Corporation, F lora , M i s s i s s i p p i , for ap-proval to acquire 83 .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 . JL/

At lanta Quitman Bancshares, I n c . , Quitman, Georgia, for approval to acquire 100 percent of the vo t ing shares of The Bank of Quitman, Quitman, Georgia. I f

Chicago United Michigan Corporation, F l i n t , Michigan, f o r approval to acquire 100 percent of the v o t i n g shares of United Michigan Corporation, New Cas t l e County, Delaware. 1/

J7 Appl ica t ion processed on behalf of the Board of Governors under delegated authori ty .


H.2, 1981 No. 26 - 7 -


Chicago

St . Louis

S t . Louis

Minneapoli s

Minneapolis

Minneapoli s

Kansas City

Kansas City

Kansas City

Woodstock S t a t e Bancorp., I n c . , Woodstock, I l l i n o i s , for ap-proval to acquire 100 percent of the v o t i n g shares ( l e s s d i r e c t o r s 1 q u a l i f y i n g shares) of the successor by merger to The S t a t e Bank of Woodstock, Woodstock, I l l i n o i s . 1/

Salem National Bancorporation, I n c . , Salem, I l l i n o i s , for approval to acquire at l e a s t 80 percent of the vot ing shares of The Salem National Bank, Salem, I l l i o i s . I f

Southeast F inanc ia l Bankstock Corporation, McGehee, Arkansas, for approval to acquire at l e a s t 80 percent of the vo t ing shares of McGehee Bank, McGehee, Arkansas.

O l i v i a Bancorporation, I n c . , O l i v i a , Minnesota, for approval to acquire at l e a s t 82.2 percent of the v o t i n g shares of American S t a t e Bank of O l i v i a , O l i v i a , Minnesota. I f

Remer Bancorporation, I n c . , Remer, Minnesota, for approval to acquire at l e a s t 80 .9 percent of the v o t i n g shares of S e c u r i t y S t a t e Bank of Remer, Remer, Minnesota. I f

Wood Lake Bancorporation, Wood Lake, Minnesota, f o r approval to acquire 90 percent or more of the v o t i n g shares of Wood Lake Corporation, Wood Lake, Minnesota and i n d i r e c t l y 90 percent or more of the v o t i n g shares of S t a t e Bank of Wood Lake, Wood Lake, Minnesota. I f

Golden City Investment Company, S p r i n g f i e l d , Missour i , for approval to acquire at l e a s t 88 .95 percent of the vot ing shares of F i r s t National Bank of Golden C i t y , Golden Ci ty , Missour i . JJ

Grove Bancshares, I n c . , Grove, Oklahoma, f o r approval to acquire at l e a s t 99 .24 percent of the v o t i n g shares of S t a t e Bank of Grove, Grove, Oklahoma. J.]

Da l las

Kansas Bancshares , I n c . , Kansas C i ty , Missour i , for ap-proval t o acquire at l e a s t 97 .75 percent of the v o t i n g shares of Parklane F inanc ia l Corporation, Kansas C i ty , Missouri which d i r e c t l y c o n t r o l s City Bank and Trust Company, Wichita , Kansas. I f

F i r s t Bancshares of Sequin, I n c . , Sequin, Texas, f o r ap-proval to acquire 100 percent of the v o t i n g shares of The F i r s t National Bank of Sequin, Sequin, Texas. 1/

If App l i ca t ion processed on behalf of the Board of Governors under de legated a u t h o r i t y .


H.2, 1981 No. 26 8 -


Dal las

Dal las

Dal las

F i r s t Eastex Bancshares, I n c . , Buna, Texas, for approval to acquire 100 percent ( l e s s d i rec tor s ' q u a l i f y i n g shares) of the vot ing shares of East Texas State Bank, Buna, Texas. If

Lorenzo Bancshares, I n c . , Lorenzo, Texas, for approval to acquire at l e a s t 80 percent of the vot ing shares of Lorenzo State Bank at Lorenzo, Lorenzo, Texas. JL/

Northshore Bancshares, I n c . , Houston, Texas, for approval to acquire at l e a s t 80 percent of the vot ing shares of Northshore Bank, Houston, Texas. 1/

Dal las United Texas Bancshares, I n c . , Austin, Texas, for approval to acquire 100 percent ( l e s s d irec tors ' q u a l i f y i n g shares) of the vot ing shares of United Bank of Texas, Austin, Texas. 1/

San American Ban Corporation, Boise , Idaho, for approval to Francisco acquire 100 percent of the vot ing shares of American

Bank of Commerce, Boise , Idaho. 1/

Denied Minneapolis Buhl Bancorporation, In c . , Buhl, Minnesota, for approval

to acquire at l e a s t 95 .1 percent of the vot ing shares of The F ir s t National Bank of Buhl, Buhl, Minnesota.

* * * * *

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

Approved Chicago K.B.J. Enterpr i ses , I n c . , S ib l ey , Iowa, for approval t o

increase ownership by 6.74 percent of the vot ing shares of The Viking Corporation, Denison, Iowa which owns 82.13 percent of the vot ing shares of Crawford County Trust and Savings Bank, Denison, Iowa. 1/

S t . Louis Manufacturers Bancorp, I n c . , S t . Louis, Missouri , for ap-proval to acquire 100 percent (except d i r e c t o r s ' qua l i fy ing shares) of the vot ing shares of the successor by merger to F i r s t S t a t e Bank of Union, Union, Missouri . 1/

1/ Appl icat ion processed on behalf of the Board of Governors under delegated authori ty .

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

e H.2, 1981 No. 26

Kansas City

Da l la s

San Franc isco

- 9 -

ACTIONS OF THE BOARD-Cont inued

A f f i l i a t e d Bankshares of Colorado, I n c . , Boulder, Colorado, for approval to acquire 100 percent of the v o t i n g shares of F i r s t Colorado Bank, National A s s o c i a t i o n , Colorado Spr ings , Colorado, a proposed new bank. 1/

A l l i e d Bancshares, I n c . , Houston, Texas, f o r approval to acquire 100 percent of the v o t i n g shares (except d i r e c t o r s ' q u a l i f y i n g shares ) of J e t e r o Bank, W e s t f i e l d , Texas. 1/

Orbanco F inanc ia l S e r v i c e s Corporation, Port land, Oregon, for approval to acquire 100 percent of the v o t i n g shares of Oregon S t a t e Bank, C o r v a l l i s , Oregon, a proposed new bank. 1/

* * * * *

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

Approved Richmond F i r s t Maryland Bancorp. , Balt imore, Maryland, for approval

to i s s u e and s e l l t r a v e l e r s checks through a de novo sub-s i d i a r y , F i r s t Maryland Cheque Corporation, Balt imore, Maryland.

At lanta Flora F inanc ia l Corporation, F lora , M i s s i s s i p p i , f o r ap-proval to engage in the s a l e , as agent , of c r e d i t l i f e , c r e d i t acc ident and c r e d i t hea l th 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 through i t s s u b s i d i a r y , Bank of F l o r a , F lora , M i s s i s s i p p i .

Chicago United Michigan Corporation, F l i n t , Michigan, for approval to acquire 100 percent of the v o t i n g shares of United Michigan Mortgage Corp. , F l i n t , Michigan. JL/

Minneapol is Wood Lake Bancorporation, Wood Lake, Minnesota, f o r approval to cont inue the insurance agency operat ions formerly carr ied on by Wood Lake Insurance Agency, Wood Lake, Minnesota and engage in general insurance a c t i v i t i e s in a community with a populat ion not exceeding 5 ,000 . \ J

Delayed S t . Louis F i r s t Kentucky National Corporation, L o u i s v i l l e , Kentucky,

n o t i f i c a t i o n of in tent to engage de novo in item process ing a c t i v i t i e s ( p r o c e s s i n g of bank card s a l e s s l i p s , a i r l i n e

JL/ A p p l i c a t i o n processed on behalf of the Board of Governors under delegated a u t h o r i t y .

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


t i c k e t s , th i rd party remit tances and other documents) at 16402 North 28th Avenue, Phoenix, Arizona, through a sub-s i d i a r y , NPC of Arizona, Inc . ( 6 / 2 2 / 8 1 ) 3j

React ivated New York The Chase Manhattan Corporation, New York, New York, n o t i f i -

c a t i o n of in tent to engage in de novo a c t i v i t i e s (ac t ing as agent in the s a l e of insurance that assures repayment of a l e a s e in the event of death or d i s a b i l i t y of the l e s s e e , d i r e c t l y r e l a t e d to l e a s i n g t r a n s a c t i o n s , excluding auto-mobile l e a s i n g ) at Chase Manhattan Capital Corp., New York New York; Dovenmuehle, I n c . , Chicago, I l l i n o i s ; Chase National Corporate S e r v i c e s , Los Angeles , C a l i f o r n i a ; Chase Manhattan Corporate S e r v i c e s , Cleveland, Ohio; Chase Manhattan Leasing Corp., Canton, Massachusetts; Chase Manhattan Leasing Corp. , S c h i l l e r Park, I l l i n o i s ; Berkeley Serv ice Corp., Boston, Massachusetts; Berkeley Serv ice Corp'. , A t l a n t a , Georgia; Berkeley Serv ice Corp. , Los Angeles , C a l i f o r n i a ; Housing Investment Corporation of Puerto Rico , San Juan, Puerto Rico and at branches of Chase Manhattan Bank, N.A. located in the State of New York in the fo l lowing c i t i e s : New York City ( 1 6 2 ) , South Val ley Stream, Great Neck Plaza , East Meadow, Seaford , North Lynbrook, Carle P lace , Great Neck, Roslyn, Massapequa, Baldwin, Uniondale , East H i l l s , Manhasset, P la inv iew, North BelImore, S y o s s e t t , B u f f a l o ( 2 ) , Freeport , Depew, Amherst, Niagara F a l l s , North Boston, Tonawanda, Rochester , Caledonia, S c o t t s v i l l e , H e n r i e t t a , Hartsdale , Yorktown Heights , Yardsley , P e e k s k i l l , Mount Vernon, Pelham, Bedford H i l l s , G r e e n v i l l e , Elms ford, White P l a i n s , Millwood, E a s t c h e s t e r , North White P l a i n s , Yonkers, Cross River , New Roche l l e , F a y e t t e v i l l e , U t i c a , Canton, M e l v i l l e , West I s l i p , Huntington Bay Shore, Southampton, Commack, Sauger t i e s ( 2 ) , Poughkeepsie Hopewell Junct ion , Monroe, Bardonia, Brewster , Albany ( 2 ) , Glen F a l l s and Syracuse; Puerto Rico in the fo l lowing c i t i e s : Hato Rey, Bayamon, Caguas, Caparra, Carol ina , Mayaguez, Ponce, Rio P iedras , San Juan, and Santurce; Virgin Is lands in the fo l lowing c i t i e s : C h a r l o t t e , Amalie, S t . Thomas ( 4 ) , S t . John, Chr is t ians t ed , S t . Croix ( 4 ) and Freder iksted; and in Agama, Guam and Balboa, Canal Zone, through i t s subs id iary Chase Agency S e r v i c e s , I n c . , Newark, Delaware and ( a c t i n g as agent for the s a l e of property and c a s u a l t y insurance d i r e c t l y r e l a t e d to l eas ing t r a n s a c t i o n s , exc luding auto-mobile l e a s i n g ) at Chase National Corporation S e r v i c e s , Cleveland, Ohio, through i t s s u b s i d i a r y , Chase Agency Ser-v i c e s , I n c . , Newark, New Jersey ( 6 / 2 4 / 8 1 ) 3/

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


H.2, 1981 No. 26 * - 11 -


S t . Louis F i r s t Kentucky National Corporation, L o u i s v i l l e , Kentucky, n o t i f i c a t i o n of i n t e n t to engage de novo in item process ing a c t i v i t i e s (proces s ing of bank card s a l e s s l i p s , a i r l i n e t i c k e t s , t h i r d party remittances and other documents) at 16402 North 28th Avenue, Phoenix, Arizona, through a sub-s i d i a r y , NPC of Arizona, Inc. ( 6 / 2 6 / 8 1 ) 3/

Permitted New York The Chase Manhattan Corporation, New York, New York, n o t i -

f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( a c t -ing as agent in the s a l e of insurance that assures repay-ment of a l ease in the event of death or d i s a b i l i t y of the l e s s e e , d i r e c t l y r e l a t e d to l e a s i n g t r a n s a c t i o n s , excluding automobile l e a s i n g ) at Chase Manhattan Capital Corp., New York, New York; Dovenmuehle, I n c . , Chicago, I l l i n o i s ; Chase National Corporate S e r v i c e s , Los Angeles , C a l i f o r n i a ; Chase National Corporate S e r v i c e s , Cleve land, Ohio; Chase Manhattan Leasing Corp., Canton, Massachusetts; Chase Manhattan Leas-ing Corp. , S c h i l l e r Park, I l l i n o i s ; Berkeley Serv ice Corp., Boston, Massachusetts; Berkeley Serv i ce Corp., At lanta , Georgia; Berkeley Serv ice Corp. , Los Angeles , C a l i f o r n i a ; Housing Investment Corporation of Puerto Rico, San Juan, Puerto Rico and at branches of Chase Manhattan Bank, N.A. located in the Sta te of New York i n the fo l lowing c i t i e s : New York City ( 1 6 2 ) , South V a l l e y Stream, Great Neck Plaza , East Meadow, Seaford , North Lynbrook, Carle P l a c e , Great Neck, Roslyn, Massapequa, Baldwin, Uniondale , East H i l l s , Manhasset, P la inv iew, North Bel lmore, S y o s s e t , Buf fa lo ( 2 ) , Freeport , Depew, Amherst, Niagara F a l l s , North Boston, Tonawanda, Rochester , Caledonia, S c o t t s v i l l e , H e n r i e t t a , Hartsda le , Yorktown Heights , Yardsley , P e e s k i l l , Mount Vernon, Pelham, Bedford H i l l s , G r e e n v i l l e , Elmsford, White P l a i n s , Millwood, E a s t c h e s t e r , North White P l a i n s , Yonkers, Cross River , New R o c h e l l e , F a y e t e v i l l e , U t i c a , Canton, M e l v i l l e , West I s l i p , Huntington, Bay Shore, Southampton, Commack, S a u g e r t i e s ( 2 ) , Poughkeepsie, Hopewell Junc t ion , Monroe, Bardonia, Brewster, Albany ( 2 ) , Glen F a l l s , and Syracuse; Puerto Rico in the fo l lowing c i t i e s : Hato Rey, Bayamon, Caguas, Caparra, Carol ina , Mayaguez, Ponce, Rio P iedras , San Juan, and Santurce; Virgin I s lands in the fo l l owing c i t i e s : Char lo t t e , Amalie, S t . Thomas ( 4 ) , S t . John, C h r i s t i a n s t e d , S t . Croix ( 4 ) and Freder iks ted; and i n Guam and Balboa, Canal Zone, through i t s s u b s i d i a r y ,

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 legated author i ty .


H.2, 1981 No. 26 - 12 -


Chase Agency S e r v i c e s , I n c . , Newark, Delaware and ( a c t i n g as agent for the s a l e of property and casua l ty insurance d i r e c t l y r e l a t e d to l e a s i n g t r a n s a c t i o n s , exc luding auto-mobile l e a s i n g ) at Chase National Corporation S e r v i c e s , Cleveland, Ohio, through i t s subs id iary , Chase Agency S e r v i c e s , I n c . , Newark, New Jersey ( 6 / 2 5 / 8 1 ) _3/

New York C i t i c o r p , New York, New York, t o 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 to inc lude the f o l l o w i n g a c t i v i t i e s ( the s a l e of c r e d i t r e la t ed property and casua l ty insurance p r o t e c t i n g r e a l and personal property subject to a s e c u r i t y agreement with C i t i c o r p Person-to-Person Financ ia l Center, Inc . to the extent permiss ib le under app l i cab le State i n -surance 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 San Mateo, San Clara and Alameda Counties) at 2001 Gateway P l a c e , San J o s 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 , C i t i c o r p Person-to-Person F inanc ia l Center, I n c . ( 6 / 2 5 / 8 1 ) 3 /

New York C i t i c o r p , New York, New York, requests permission to e s t a b l i s h a de novo o f f i c e of i t s subs id iary , C i t i corp Washington I n d u s t r i a l Loan Company and 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 of i t s s u b s i d i a r y , C i t i corp Washington F inanc ia l Center , I n c . , both to invo lve the fo l lowing a c t i v i t i e s ( the making or acquiring 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 ex tens ion of loans to dea lers for the f inanc ing 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 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 la t ed 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 agents or brokers, as required; 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 i n g real and personal property subject to a s ecur i ty agreement with C i t i c o r p Washington I n d u s t r i a l Loan Company or C i t i corp Washington F inanc ia l Center, I n c . , t o the extent p e r m i s s i b l e under appl i cab le S ta te insurance laws and r e g u l a t i o n s ; the o r i g i n a t i n g , for i t s own account or for the account of o t h e r s , of f i r s t mortgage loans secured by r e s i d e n t i a l or commercial p r o p e r t i e s ; the s e r v i c e area of the de novo o f f i c e would be comprised of the e n t i r e S t a t e of Washington; C i t i corp a l s o wishes to expand the prev ious ly approved s e r v i c e area of the e x i s t i n g o f f i c e of C i t i c o r p Washington Financia l Center, I n c . , t o include the e n t i r e S t a t e of Washington; c r e d i t r e l a t e d l i f e ,

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


H.2, 1981 No. 26 - 1 3 -


acc ident , and hea l th insurance may be wr i t t en by Family Guardian L i f e Insurance Company, an a f f i l i a t e of Cit icorp Washington Financial Center, Inc . and Cit icorp Washington Industr ia l Loan Company) at Sea Tac V i l l a g e , 31810 P a c i f i c Highway South, Federal Way, Washington, through i t s subsid-i a r i e s , C i t i corp Washington Industr ia l Loan Company and Cit icorp Washington Financial Center, Inc . (5 /12 /81) _3/

New York C i t i c o r p , New York, New York, requests permission to e s t a b l i s h a de novo o f f i c e of i t s subsidiary, Cit icorp Washington Indus tr ia l Loan Company, and to expand the serv ice area of an e x i s t i n g o f f i c e of i t s subsidiary, Cit icorp Washington Financial Center, I n c . , both to involve the fol lowing a c t i v i t i e s ( the making or acquiring of loans and other ex-tens ions of c r e d i t , secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the f inancing of inventory ( f l o o r planning) and working capi ta l purposes; the purchasing and serv ic ing for i t s own account of s a l e s f inance contracts ; the sa le of cred i t re la ted l i f e and accident and hea l th or decreasing or l eve l ( i n the case of s i n g l e payment loans) term l i f e insurance by l icensed agents or brokers, as required; the sa le of cred i t r e l a t e d property and casualty insurance protect ing real and personal property subject to a securi ty agreement with C i t i corp Washington Industr ia l Loan Company, or Ci t icorp Washington Financial Center, I n c . , t o the extent permissible under appl icable State insurance laws and regu la t ions ; the o r i g i n a t i n g , for i t s own account or for the account of o thers , of f i r s t mortgage loans secured by r e s i d e n t i a l or commercial propert i e s ; the serv ice area of the de novo o f f i c e would be comprised of the e n t i r e State of Washington; Cit icorp a l s o wishes to expand the previously approved serv ice area of the e x i s t i n g o f f i c e of C i t i corp Washington Financial Center, I n c . , t o include the e n t i r e State of Washington; cred i t re la ted l i f e , acc ident , and heal th insurance may be w r i t t e n by Family Guardian Li fe Insurance Company, an a f f i l i a t e of Ci t i corp Washington Financial Center, Inc . and Cit icorp Washington Industr ia l Loan Company) at 3 South Sound Center, Lacey, Washington, through i t s s u b s i d i a r i e s , Cit icorp Washington Industrial Loan Company and Ci t i corp Washington Financial Center, Inc. ( 6 / 2 5 / 8 1 ) 3/

Richmond NCNB Corporation, Charlotte , North Carolina, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making or acquiring loans or other extensions of c r e d i t such as would be made by a fac tor ing and commercial f inance com-

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 authori ty .


H.2, 1981 No. 26 - 1 4 -


pany, including commercial loans secured by a borrower's inventory , accounts rece ivable or other accounts, and serv ic ing such loans for others) at 212 East Colonial Drive, Orlando, F lor ida , through i t s subs id iary , NCNB Financial Serv ices , Inc . ( 6 /27 /81 ) 3/

Atlanta Community Investment, In c . , Brundidge, Alabama, n o t i f i c a -t ion of intent to engage in de novo a c t i v i t i e s ( in the sa l e of general insurance including l i f e , accident and hea l th , property damage l i a b i l i t y and other types of general insurance in a community with a population under 5 ,000) at 200 North Main S tree t , Brundidge, Alabama, serving Pike County, Alabama and rural portions of contiguous counties in Alabama, through i t s subsidiary, Community Insurance Agency (6 /26 /81) 3/

St . Louis F ir s t Kentucky National Corporation, L o u i s v i l l e , Kentucky, n o t i f i c a t i o n of intent to engage de novo in item processing a c t i v i t i e s (processing of bank card s a l e s s l i p s , a i r l i n e t i c k e t s , t h i r d party remittances and other documents) at 16402 North 28th Avenue, Phoenix, Arizona, through a sub-s i d i a r y , NFC of Arizona, Inc. (6 /27 /81) 3/

San BankAmerica Corporation, San Francisco, Ca l i forn ia , not i -Francisco f i c a t i o n of intent to engage de novo a c t i v i t i e s ( in the

a c t i v i t i e s of an industr ia l loan corporation under the Utah Industr ia l Loan Law; such a c t i v i t i e s w i l l inc lude , but not be l imited t o , i s su ing investment c e r t i f i c a t e s and accept ing savings accounts; making consumer instal lment loans and other extensions of cred i t to small bus inesses; making loans secured by rea l and personal property) at 341 East 1300 South S t r e e t , Orem, Utah, serving the State of Utah, through i t s ind irec t subs idiary , FinanceAmerica Thr i f t Corporation (a Utah Corporation) (6 /22 /81) _3/

San U.S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of intent t o Francisco engage in de novo a c t i v i t i e s (making, acquiring and s e r -

v i c ing of loans and other extensions of c r e d i t , e i t h e r secured or unsecured, f o r i t s own account or for the account of others inc luding , but not l imited to , commer-c i a l , rediscount , insta l lment sa l e s contracts and other forms of r e c e i v a b l e s , and leas ing of personal property and equipment in conformance with the provis ions of Sect ion

17 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 authority .


H.2, 1981 No. 26 - 15 -


225 .4 (a) (1) and (3) and 2 2 5 . 4 ( a ) ( 6 ) ( a ) of Regulation Y) at Executive Club Bui lding, Suite 501, 1776 S. Jackson S tree t , Denver, Colorado, the geographic area to be served by the proposed o f f i c e w i l l be that of the S ta tes of Arizona, Colorado, Nevada, Utah and Wyoming, through i t s subsidiary, U.S. Bancorp F inanc ia l , Inc. (6 /26 /81) _3/

San U.S. Bancorp, Portland, Oregon, n o t i f i c a t i o n of intent to Francisco engage in de novo a c t i v i t i e s (making, acquiring and ser -

v i c ing of loans and other extensions of c r e d i t , e i t h e r secured or unsecured, for i t s own account or for the ac-count of others including, but not l imited t o , commercial, red i scount , instal lment s a l e s contracts and other forms of r ece ivab le s and leas ing of personal property and equip-ment in conformance with the provis ions of Sect ion 225.4 ( a ) ( 1 ) and (3) and 2 2 5 . 4 ( a ) ( 6 ) ( a ) of Regulation Y) at 400 Building, 400 - 108th Avenue, N.E. , Bel levue, Washington, the geographic area to be served by the proposed o f f i c e w i l l be the S ta tes of Washington, Alaska, Idaho, Montana and Oregon, through i t s subsidiary, U.S. Bancorp F inanc ia l , Inc. ( 6 /26 /81 ) 3/

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 .


H.2, 1981 No. 26 - 1 6 -

APPLICATIONS RECEIVED

To Establ i sh a Domestic Branch Pursuant to Sect ion 9 of the Federal Reserve Act

Cleveland Bank of Commerce & Trust Company, Lexington, Kentucky. Requests permission to e s tab l i sh a branch at 755 Newton Pike, Lexington, Fayette County, Kentucky. 2/

Chicago American Bank and Trust Company, Lansing, Michigan. To e s t a b l i s h an o f f s i t e e l ec tron ic f a c i l i t y at the J.C. Penny Company Store , Lansing Hal l , 5304 West Saginaw Highway, Lansing, Michigan. 7J

Chicago Sears Bank and Trust Company, Chicago, I l l i n o i s . To e s t a b l i s h an o f f s i t e e l ec tron ic f a c i l i t y at 101 North Wacker Drive, Chicago, I l l i n o i s . 2/

* * * * *

To Become a Member of the Federal Reserve System Pursuant to Sect ion 9 of the Federal Reserve Act

Chicago City Bank & Trust Company in Dixon, Dixon, I l l i n o i s . 2_/

* * * * *

Applicat ions and N o t i f i c a t i o n s for Internat ional Inves t -ments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sect ions 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, as amended

New York Citibank Overseas Investment Corporation, Wilmington, Delaware: prior n o t i f i c a t i o n of i t s intent to continue to hold 100 percent of the shares of Citibank Financial Trust Limited, London, England a f t e r Financial Trust makes an addit ional investment in Citibank Trust Limited, London, England.

2/ Appl icat ion subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1981 No. 26 - 17 -

APPLICATIONS RECEIVED-Continued

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

Atlanta Southeastern Bancshares, I n c . , C a r t e r s v i l l e , Georgia, for apporval to acquire 100 percent of the voting shares of The F i r s t National Bank of C a r t e r s v i l l e , C a r t e r s v i l l e , Georgia. 2/

Chicago Bement Bancshares, I n c . , Bement, I l l i n o i s , for approval to acquire at l e a s t 80 percent of the vot ing shares of State Bank of Bement, Bement, I l l i n o i s . 7j

Chicago Palos Bancshares, I n c . , Palos Heights , I l l i n o i s , for ap-proval to acquire at l e a s t 80 percent of the vot ing shares of Palos Bank and Trust Company, Palos Heights , I l l i n o i s . 7J

St . Louis Shawneetown Bancorp, I n c . , Shawneetown, I l l i n o i s , for ap-proval to acquire at l e a s t 81.03 percent of the voting shares of F i r s t National Bank in Shawneetown, Shawnee-town, I l l i n o i s . 2/

Kansas City Cit izens Financial Serv ices , I n c . , Aurora, Colorado, for approval to acquire 100 percent of the vot ing shares of Cit izens Bank of Aurora, Aurora, Colorado. 2/

Kansas City V & V Holding Company, Lander, Wyoming, for approval to acquire at l e a s t 80 percent of the vot ing shares of Central Bank and Trust, Lander, Wyoming. 7J

Dal las F i r s t F a i r f i e l d Bankshares, I n c . , F a i r f i e l d , Texas, for approval to acquire at l e a s t 80 percent of the voting shares of F i r s t National Bank, F a i r f i e l d , Texas. 2 j

Dallas Port Neches Bancshares, I n c . , Port Neches, Texas, for ap-proval to acquire at l e a s t 80 percent of the vot ing shares of The F ir s t National Bank of Port Neches, Port Neches, Texas. 2/

2/ Appl icat ion subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1981 No. 26 18

APPLICATIONS RECEIVED-Cont inued

Cleveland

Cleveland

At lanta

Dal las

Dal las

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

Society Corporation, Cleveland, Ohio, for approval to acquire up to 100 percent of the vot ing shares of Lancaster National Bank, Lancaster, Ohio. 2/

Winters National Corporation, Dayton, Ohio, for approval to acquire 99.75 percent of the vot ing shares of Winters National Bank of Cinc innat i , C inc innat i , Ohio, a proposed new bank. 2/

Southern Banc orporat ion of Alabama, I n c . , Birmingham, Alabama, for approval to re ta in i n d i r e c t l y through Birmingham Trust National Bank, Birmingham, Alabama, 19.65 percent of the vot ing shares of The F i r s t Bank of Alabaster, Alabaster , Alabama. l j

Southwest Bancshares, I n c . , Houston, Texas, for approval to acquire Fort Worth Bancshares, I n c . , Fort Worth, Texas and i n d i r e c t l y 100 percent of the vot ing shares of Fort Worth Bank and Trust, Fort Worth, Texas. 2J

Southwest Bancshares, I n c . , Houston, Texas, for approval to acquire 100 percent of the vot ing shares of Mansfield S ta te Bank, Mansf ie ld , Texas. 2/

* * * * *

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

New York Barclays Bank Limited and Barclays Bank Internat ional Limited, both of London, England, request permission to r e l o c a t e e x i s t i n g o f f i c e s engaging in the fo l low-ing a c t i v i t i e s (commercial f inance and fac tor ing) from One Post S t r e e t , San Francisco, Cal i forn ia to Suite 1050, F i d e l i t y Plaza, Grand and Harrison S t r e e t s , Oakland, C a l i f o r n i a , through t h e i r subsidiary, BarelaysAmerican/Business Credit , Inc . ( 6 /22 /81 )

New York C i t i c o r p , New York, New York, requests permission t o re loca te an e x i s t i n g o f f i c e and to expand the a c t i v i t i e s of the re located o f f i c e to include the fo l lowing a c t i v i t i e s (making, acquiring and s e r v i c i n g ,

2/ Applicat ion subject to Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the appl icable Reserve Bank may be contacted as to the length of the comment period.

i


H.2, 1981 No. 26 - 1 9 -


for i t s own account and for the account 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 real e s t a t e ; the prev ious ly approved a c t i v i t i e s of t h i s o f f i c e inc lude the o r i g i n a t i o n of o n e - t o - f o u r family r e s i d e n t i a l mortgage loans; the prev ious ly approved s e r v i c e a r e a , comprised of the e n t i r e S t a t e of F l o r i d a , would remain the same for the new a c t i v i t i e s ) from 1108 Kane Concourse, Bay Harbor, F lor ida to 800 B r i c k e l l Avenue, Miami, F l o r i d a , through i t s s u b s i d i a r y , C i t i c o r p Homeowners, Inc. ( 6 / 2 5 / 8 1 )

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 e s t a b l i s h a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s (consumer l e n d i n g - r e l a t e d s e r v i c e s inc lud-ing a p p l i c a t i o n acceptance f u n c t i o n s , the execut ion of loan documents and d i sbursa l of funds, the acceptance of payments and account adjustments in connec t ion with C i t i c o r p F i n a n c i a l , I n c . 1 s c r e d i t card and d irec t l end-ing a c t i v i t i e s ) a t White Marsh Mall , 8200 Perry Hall Boulevard, Balt imore , Maryland, through i t s subs id iary , C i t i c o r p F i n a n c i a l , Inc. ( 6 / 2 5 / 8 1 )

New York Manufacturers Hanover Corporation, New York, New York, reques t s permission to e s t a b l i s h a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s (purchasing i n -s t a l l m e n t s a l e s f inance contrac t s and a c t i n g as an agent or broker for the s a l e of s i n g l e and j o i n t c r e d i t l i f e insurance and c r e d i t accident and hea l th insur-ance which i s d i r e c t l y r e l a t e d to such loans and exten-s i o n s of c r e d i t ; Tempco L i f e Insurance Company would re insure such c r e d i t l i f e and acc ident and h e a l t h insur-ance) at Paragon Center, 5201 W. Kennedy Boulevard, Tampa, F l o r i d a , through i t s s u b s i d i a r y , Termplan Credi t , Inc. ( 6 / 2 6 / 8 1 )

New York Manufacturers Hanover Corporation, New York, New York, reques t s permission to e s t a b l i s h a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s (arranging , mak-ing or acqu ir ing for i t s own account or for the ac -count of o t h e r s , loans and other ex tens ions of c r e d i t secured by a homeowner's equi ty i n t e r e s t in a home such as would be made by a consumer f inance company, s e r v i c i n g such loans and other ex tens ions of c r e d i t for any person; and a c t i n g as an agent or broker for the s a l e of s i n g l e and j o i n t c r e d i t l i f e insurance vrfiich i s d i r e c t l y r e l a t e d to such loans and ex tens ions of c r e d i t ; Tempco L i fe Insur-ance Company would re insure such c r e d i t l i f e and acc ident and h e a l t h insurance) at Paragon Center, 5201 W. Kennedy Boulevard, Tampa, F l o r i d a , through i t s s u b s i d i a r y , Term-plan Incorporated of F lor ida ( 6 / 2 6 / 8 1 )


H.2, 1981 No. 26 - 2 0 -


Richmond Southern Bancorporation, I n c . , Greenvi l le , South Carolina, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making extensions of cred i t as a l icensed consumer f i -nance lender) at 121 East Choctow, Sa l l i saw, Oklahoma, through i t s subsidiary, World Acceptence Corporation (6 /22/81)

Atlanta Barnett Banks of Florida, I n c . , Jacksonvi l le , Florida, to engage jle novo in check v e r i f i c a t i o n a c t i v i t i e s from an additional o f f i c e of an ex i s t ing subsidiary known as V e r i f i c a t i o n s , Inc . ; a c t i v i t i e s are to be conducted from an o f f i c e located in Columbia, South Carolina (6/23/81)

Chicago F irs t American Bank Corporation, Kalamazoo, Michigan, for approval to acquire a l l of the outstanding shares of Kelly Mortgage and Investment Company, a wholly owned nonbank subsidiary of Northern States Bancorporation, Inc . , Detroi t , Michigan, and thereby engage in servic ing loans and other extensions of c r e d i t .

Chicago Michigan National Corporation, Bloomfield H i l l s , Michigan, for approval to acquire 100 percent of the outstanding vot ing shares of Wolverine Life Insurance Company, Phoenix, Arizona.

St . Louis F irs t Arkansas Bankstock Corporation, L i t t l e Rock, Arkansas, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (making appraisals on a l l types of real e s ta te including agricultural r e s ident i a l and commercial) at 6th & Walnut S tree t s , Pine B luf f , Arkansas, but appraisals would be made throughout the ent ire S ta te , through a subsidiary, National Credit Corporation (an industrial loan ins i tu t ion) (6 /22 /81)

Kansas City V & V Holding Company, Lander, Wyoming, for approval to acquire 90.86 percent of Central Trust Company, Lander, Wyoming, and thereby engage in permissible trust company act i v i t i e s .

Kansas City Western Bancshares, I n c . , Stockton, Kansas, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s (consumer and com-mercial f inance a c t i v i t i e s , including direct loans to consumers, agricultural credit and other types of lend-ing that are ordinary and usual for the area being served) at 123 N. Cedar S tree t , Stockton, Kansas, serving an area within a 15-mile radius of Stockton, Kansas (6/22/81)


H.2, 1981 No. 26 - 2 1 -


San BankAmerica Corporation, San Franc isco , C a l i f o r n i a , n o t i -Francisco 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 ( s t o r -

ing and process ing banking, f i n a n c i a l or re la ted economic data; 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 to , account r e c o n c i l i a t i o n , depos i t accounting, general ledger account ing , loan account ing , c r e d i t union accounting and providing p a y r o l l , accounts r ece ivab le and payable , b i l l i n g and other s imi lar data process ing s e r v i c e s ) at Centennial I n d u s t r i a l Park, 360 South Randolphvi l le Road, Piscataway, New J e r s e y , s erv ing the S t a t e s of Ohio, Georgia, F l o r i d a , Alabama, Tennessee , M i s s i s s i p p i and Louis iana , through i t s d i r e c t s u b s i d i a r y , Decimus Corporation (a C a l i f o r n i a Cor-porat ion) ( 6 / 2 3 / 8 1 )

San BankAmerica Corport ion , San Franc i sco , C a l i f o r n i a , not i f i -Franc i sco ca t ion of i n t e n t to engage in de novo a c t i v i t i e s (making

or acquiring f o r i t s own account loans and other exten-s ion of c r e d i t such as would be made or acquired by a f inance company, s e r v i c i n g loans and other extens ions of c r e d i t , and o f f e r i n g c r e d i t r e l a t e d l i f e and c r e d i t r e l a t e d acc ident and h e a l t h insurance; c r e d i t re la ted property insurance w i l l not be o f f e r e d in the S t a t e s of West V i r g i n i a , Maryland, Pennsylvania or V i r g i n i a ; 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 to , making consumer ins ta l lment loans ; purchasing i n s t a l l m e n t s a l e s f inance c o n t r a c t s ; making loans and other ex tens ions of c r e d i t to small b u s i n e s s e s ; making loans and other exten-s i o n s of c r e d i t secured by r e a l and personal property; and o f f e r i n g c r e d i t re la ted l i f e and c r e d i t re la ted acc ident and hea l th insurance d i r e c t l y r e l a t e d to ex-t e n s i o n s of c r e d i t made or acquired by FinanceAmerica Corporation) at 307 Cleveland Avenue, Fairmont, West V i r g i n i a , s erv ing the e n t i r e S ta te of West V i r g i n i a ; at 125 South Queen S t r e e t , Martinsburg, West V i r g i n i a , s erv -ing the e n t i r e S ta tes of West V i r g i n i a , Maryland and V i r g i n i a ; and a t 245 Walnut S t r e e t , Morgantown, West V i r g i n i a , s erv ing the e n t i r e S ta te s of West V i r g i n i a , Maryland and Pennsylvania ( 6 / 2 5 / 8 1 )

San Imperial 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 Franc i sco i n t e n t to engage in de novo a c t i v i t i e s (prov id ing f i -

nancing of c a p i t a l improvements and equipment a c q u i s i t i o n s by s t a t e , county and municipal government s u b d i v i s i o n s inc luding the l e a s i n g of personal or real property or a c t i n g as agent , broker or adviser in l e a s i n g such prop-erty throughout the United S t a t e s ; the company w i l l a l s o act as investment or f i n a n c i n g advisor to S ta te and l o c a l


H.2, 1981 No. 26 - 2 2 -


governments) at 9920 So. La Cienega Boulevard, Inglewood, Cal i fornia and an additional o f f i c e at 7800 East Union Parkway, Denver, Colorado, through a wholly-owned subsid-i a r y , Imperial Municipal Services Corporation (a Cal i -fornia Corporation) (6 /23/81)

San Orbano Financial Services Corporation, Portland, Oregon, Francisco n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s

(making or acquiring, for i t s own account or for the account of others , mortgage loans or other extensions of c r e d i t ; servic ing loans and other extensions of credi t for any person; acting as insurance agent or broker for any credi t l i f e insurance that i s d i rec t ly related to an extension of credi t by i t ; or ig inat ing conventional mobile home loans and mobile home loans insured by the Federal Housing Administration or guaranteed by the Veterans Administration for sale to f i a n c i a l i n s t i t u t i o n s , the Federal National Mortage Assoc ia t ion , or in mortgage-backed s e c u r i t i e s guaranteed by the Government National Mortgage Associat ion which loans w i l l be secured by installment s a l e s contracts on mobile homes; servic ing such mobile home loans for i t s investors by c o l l e c t i n g payments, per iodica l ly inspecting c o l l a t e r a l , and supervising repossessions in the event of unremedied de fau l t s ; and providing wholesale f inancing for mobile homes) at 10575 Katy Freeway, Suite 203, Houston, Texas, serving the southern portion of Texas, through i t s subsidiary, Forst Wayne Mortgage Co. (6 /27 /81)

San S e a f i r s t Corporation, S e a t t l e , Washington, n o t i f i c a t i o n of Francisco intent to engage in de novo a c t i v i t i e s (making and acquir-

ing loans and other extensions of credit secured by real e s t a t e mortgages and deeds of trust; and acting as agent for the sa le of credi t l i f e and accident and d i s a b i l i t y insurance d i r e c t l y related to i t s extensions of cred i t ) in Modesto, Ca l i forn ia , serving the State of Cal i fornia , through i t s subsidiary, S e a f i r s t Mortgage Corporation (6 /26/81)

San Security Pac i f i c Corporation, Los Angeles, Cal i fornia , no-Francisco t i i i c a t i o n of intent to engage in de novo a c t i v i t i e s ( in

the or ig inat ion and acquis i t ion of mortgage loans, includ-ing development and construction loans on mult i - family and commercial properties for Security Pac i f i c Mortgage and Real Estate Serv ices , I n c . ' s own account or for sale to others and the servicing of such loans for others) in Los Angeles, Cal i fornia; San Francisco, Cal i fornia;


H.2, 1981 No. 26 - 2 3 -


Denver, Colorado; Minneapolis, Minnesota; Portland, Oregon; D a l l a s , Texas; Houston, Texas; Salt Lake City , Utah and Bel levue , Washington, serving the United S ta te s , through i t s subs id iary , Security P a c i f i c Mortgage and Real Estate Serv ices , Inc . ( 6 /26 /81 )

Agreements F i l ed Pursuant to Sect ion 8 of the S e c u r i t i e s Exchange Act of 1934 __

Bank Hapoalim B.M., Tel Aviv, I s r a e l , has f i l e d an agree-ment with the Federal Reserve Bank of New York (trfiich i s authorized to accept such agreements on behalf of the Board of Governors under delegated authority) under-taking to comply with a l l provis ions which r e l a t e to the use of cred i t to f inance transact ions in s e c u r i t i e s .

Ownership Statement Fi led Pursuant to Sect ion 13(d) of the S e c u r i t i e s Exchange Act

Aquia Bank and Trust Company, S t a f f o r d , Virg in ia (Amendment #1) Fi led by Byron L. P h i l l i p s

* * * * *

* * * * *

REPORTS RECEIVED

* * * * *

PETITIONS FOR RULEMAKING

None.


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