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H.2 1972 No. 14 District 4 5 2 2 5 7 2 2 ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM Applications and Reports Received or Acted on During the Week Ending April 8, 1972 To Become a Member of the Federal Reserve System Pursuant to Section 9 of the Federal Reserve Act Approved The Ashland State Bank of Ashland, Ashland, Ohio Powhatan Community Bank, Powhatan, Virginia ***** -A^7 a Date To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act Received "Morgan Guaranty Trust Company o f New York," New York, New York. Branch to be established at 39 Broadway, Borough of Manhattan. "Dutchess Bank and Trust Company," Poughkeepsie, New York. Branch to be established at Route 52 and Gary Avenue, Fishkill. "The Bank of St. Albans," St. Albans, West Virginia. Branch to be established at the corner of Sixth Avenue and Fifth Street, St. Albans. "Byron Center State Bank," Byron Center, Michigan. Branch to be established at 6455 South Division Avenue, Byron Township, Kent County. Approved *"State Bank of Albany," Albany, New York. Branch to be established at 625 State Street, Schenectady, Schenectady County. *"The Bank of New York," New York, New York. Branch to be established at 1006-1008 First Avenue, Borough of Manhattan. * Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority. . Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Transcript of h2_19720408.pdf
H.2 1972 No. 14
D i s t r i c t
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ANNOUNCEMENT BY
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
A p p l i c a t i o n s and R e p o r t s Rece ived o r Acted on
Dur ing t h e Week Ending A p r i l 8 , 1972
To Become a Member of t h e F e d e r a l Reserve System P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Rese rve Act
Approved The Ashland S t a t e Bank of A s h l a n d , Ash land , Ohio
Powhatan Community Bank, Powhatan , V i r g i n i a
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Date
To E s t a b l i s h a Domest ic Branch P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Rese rve Act
Rece ived "Morgan Guaran ty T r u s t Company of New Y o r k , "
New York , New York . Branch t o be e s t a b l i s h e d a t 39 Broadway, Borough of M a n h a t t a n .
" D u t c h e s s Bank and T r u s t Company," P o u g h k e e p s i e , New York. Branch t o be e s t a b l i s h e d a t Route 52 and Gary Avenue, F i s h k i l l .
"The Bank of S t . A l b a n s , " S t . A l b a n s , West V i r g i n i a . Branch t o be e s t a b l i s h e d a t t h e c o r n e r of S i x t h Avenue and F i f t h S t r e e t , S t . A l b a n s .
"Byron C e n t e r S t a t e Bank," Byron C e n t e r , M i c h i g a n . Branch t o be e s t a b l i s h e d a t 6455 South D i v i s i o n Avenue, Byron Township, Kent Coun ty .
Approved * " S t a t e Bank of A l b a n y , " Albany , New York. Branch t o
be e s t a b l i s h e d a t 625 S t a t e S t r e e t , S c h e n e c t a d y , S c h e n e c t a d y County .
*"The Bank of New Y o r k , " New York , New York. Branch t o be e s t a b l i s h e d a t 1006-1008 F i r s t Avenue, Borough of M a n h a t t a n .
* A p p l i c a t i o n p r o c e s s e d by t h e Reserve Bank on b e h a l f of t h e Board o f Governors u n d e r d e l e g a t e d a u t h o r i t y . .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2 1972 No. 14 - 2 -
Approved C o n ' t . *"Bankers T r u s t Company," New York, New York,
Branch t o be e s t a b l i s h e d on t h e sou thwes t c o r n e r of F r o n t and C e n t e r S t r e e t s , Croton F a l l s , W e s t c h e s t e r County ,
^ " M a n u f a c t u r e r s Hanover T r u s t Company," New York, New York . Branch t o be e s t a b l i s h e d on t h e n o r t h e a s t c o r n e r of West M e r r i c k Road t h e F l e t c h e r Avenue, V i l l a g e of V a l l e y S t ream, Town of Hempstead, Nassau County .
*"The Roscommon S t a t e Bank," Roscommon, Mich igan . Branch t o be e s t a b l i s h e d a t 1979 Eas t M i l l e r Road, F a i r v i e w .
Denied by S t a t e " M a n u f a c t u r e r s Hanover T r u s t Company," New York,
New York . Branch t o be e s t a b l i s h e d on t h e s o u t h -wes t c o r n e r of Anderson S t r e e t and Le Count P l a c e , New R o c h e l l e .
"The County T r u s t Company," White P l a i n s , New York. Branch t o b e e s t a b l i s h e d i n t h e v i c i n i t y of t h e i n t e r s e c t i o n of Pelham Road and F r a n k l i n Avenue, New R o c h e l l e .
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To E s t a b l i s h an Ove r sea s Branch of a Member Bank P u r s u a n t t o S e c t i o n 25 of t h e F e d e r a l Reserve Act
Received 1 "The F i r s t N a t i o n a l Bank of B o s t o n , " Bos ton ,
M a s s a c h u s e t t s . Branch t o be e s t a b l i s h e d i n P a r i s , F r a n c e .
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To Merge P u r s u a n t t o S e c t i o n 18 (c ) of t h e F e d e r a l D e p o s i t I n s u r a n c e Act
Approved 6 "Savannah Bank & T r u s t Company," Savannah, G e o r g i a ,
f o r p r i o r a p p r o v a l t o merge w i t h Chatham Savings Bank, Savannah , Georg ia unde r t h e c h a r t e r and t i t l e of Savannah Bank & T r u s t Company,
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* A p p l i c a t i o n p r o c e s s e d by t h e Rese rve Bank on b e h a l f o f t h e Board of Governors u n d e r d e l e g a t e d a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2 1972 No. 15 • A
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To Form a Bank Hold ing Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 1 ) of t he Bank Hold ing Company Act of 1956
Rece ived 7 North Shore C a p i t a l C o r p o r a t i o n , Ch icago , I l l i n o i s ,
f o r p r i o r a p p r o v a l t o a c q u i r e 200 ,400 ( 5 0 . 1 p e r c e n t ) of t h e v o t i n g s h a r e s of The North Shore N a t i o n a l Bank of Chicago , Ch icago , I l l i n o i s .
10 C a p i t a l Management, I n c . , A u r o r a , N e b r a s k a , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r cen t of t h e v o t i n g s h a r e s of Bank of Brady , Brady , Nebraska .
Approved 10 F i r s t N a t i o n a l Bank Hold ing Company, I n c . , P i n e d a l e ,
Wyoming, f o r p r i o r a p p r o v a l t o a c q u i r e 83 .45 p e r cen t o r more of t h e v o t i n g s h a r e s of F i r s t N a t i o n a l Bank of P i n e d a l e , P i n e d a l e , Wyoming.
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To Expand a Bank Ho ld ing Company P u r s u a n t t o S e c t i o n 3 ( a ) ( 3 ) of t h e Bank H o l d i n g Company Act of 1956
Rece ived 2 U n i t e d Bank C o r p o r a t i o n , Albany , New York , f o r p r i o r
a p p r o v a l t o a c q u i r e t he s u c c e s s o r by merger t o H i g h l a n d N a t i o n a l Bank of Newburgh, Newburgh, New York .
6 U n i t e d Tennessee B a n c s h a r e s C o r p o r a t i o n , Memphis, T e n n e s s e e , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r cen t o r more of the o u t s t a n d i n g v o t i n g s h a r e s of F i r s t T r u s t & Savings Bank, P a r i s , T e n n e s s e e .
7 Bezanson I n v e s t m e n t s , I n c . , and MorAmerica F i n a n c i a l C o r p o r a t i o n , b o t h of Cedar Rap ids , Iowa, f o r p r i o r a p p r o v a l t o a c q u i r e 76 p e r cent of t h e v o t i n g s h a r e s of F i r s t T r u s t and Sav ings Bank, Whea t l and , Iowa.
10 U n i t e d Banks of Co lo rado , I n c . , Denver , Co lo rado , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of Montrose N a t i o n a l Bank, M o n t r o s e , Co lo rado .
11 Bank S e c u r i t i e s I n c . , Alamogordo, New Mexico, f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of L i b e r t y N a t i o n a l Bank, L o v i n g t o n , New Mexico .
11 Southwes t B a n c s h a r e s , I n c . , Hous ton , T e x a s , f o r p r i o r a p p r o v a l t o a c q u i r e 51 p e r c e n t or more of t h e v o t i n g s h a r e s of The Denton County N a t i o n a l Bank, Den ton , T e x a s .
* * P r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2 W W 19 72 No. 15
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Approved 2 M i d l a n t i c Banks I n c . , Newark, New J e r s e y , f o r p r i o r
a p p r o v a l t o a c q u i r e 100 p e r c e n t ( l e s s d i r e c t o r ' s q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s of C i t i z e n s N a t i o n a l Bank, Englewood, New J e r s e y .
5 * * F i r s t & Merchan t s C o r p o r a t i o n , Richmond, V i r g i n i a , 4 - 6 -72 f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r cent of t h e 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 T q u a l i f y i n g s h a r e s ) of F i r s t & Merchan t s N a t i o n a l Bank of t h e P e n i n s u l a , York County , V i r g i n i a , a p r o p o s e d new bank .
5 S o u t h e r n B a n k s h a r e s , I n c . , Richmond, V i r g i n i a , f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r cen t ( l e s s d i r e c t o r s r 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 s h a r e s of t h e s u c c e s s o r by merge r t o Bank of Goochland , Gooch land , V i r g i n i a .
5 S o u t h e r n B a n k s h a r e s , I n c . , Richmond, V i r g i n i a , f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r cen t ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by merge r t o Bank of Powhatan , Powhatan , V i r i g n i a .
6 B a r n e t t Banks of F l o r i d a , I n c . , J a c k s o n v i l l e , F l o r i d a , f o r p r i o r a p p r o v a l t o a c q u i r e 90 p e r c e n t o r more of t h e v o t i n g s h a r e s of Bank of F l o r i d a & T r u s t Co. a t Homes tead , Homestead , F l o r i d a .
7 V a l l e y B a n c o r p o r a t i o n , A p p l e t o n , W i s c o n s i n , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r cen t or more of t h e v o t i n g s h a r e s of Bank of Casco , Casco, W i s c o n s i n .
10 * * F i r s t New Mexico B a n k s h a r e C o r p o r a t i o n , A lbuque rque , 4 - 5 -72 New Mexico , f o r p r i o r a p p r o v a l t o a c q u i r e 6 , 5 7 5 s h a r e s of t h e v o t i n g s h a r e s of The C a p i t a l Bank, S a n t a Fe , New Mexico , a p r o p o s e d new b a n k .
10 Weerva , I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of The Bank of V a i l , V a i l , C o l o r a d o .
10 Weerva , I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r cen t o r more of t h e v o t i n g s h a r e s of F i r s t W e s t l a n d N a t i o n a l Bank, Lakewood, C o l o r a d o .
10 Weerva , I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of The E r i e Bank, E r i e , C o l o r a d o .
* * P r o c e s s e d by Rese rve Bank on b e h a l f of t h e Board of Governors unde r d e l e g a t e d a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
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H.2 19 72 No. 15
10 Approved C o n t i n u e d
Weerva, I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of E a g l e V a l l e y Bank, M i n t u r n , C o l o r a d o .
10 Weerva, I n c . , Lakewood, C o l o r a d o , f o r p r i o r a p p r o v a l t o a c q u i r e 80 p e r c e n t o r more of t h e v o t i n g s h a r e s of Wes t l and N a t i o n a l Bank, Longmont, C o l o r a d o , a p r o p o s e d new b a n k .
11 F i r s t C i t y B a n c o r p o r a t i o n of Texas , I n c . , Hous ton , T e x a s , f o r p r i o r a p p r o v a l t o a c q u i r e 100 p e r c e n t ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s of t h e s u c c e s s o r b y merge r t o G u l f g a t e S t a t e Bank of H o u s t o n , H o u s t o n , T e x a s .
Withdrawn 2 On H .2 No. 26 ( 1 9 7 1 ) , t h e Board r e p o r t e d r e c e i p t of
an a p p l i c a t i o n f rom C h a r t e r New York C o r p o r a t i o n , New York , New Y o r k , f o r p r i o r a p p r o v a l t o a c q u i r e Nanuet N a t i o n a l Bank, N a n u e t , New York . I n a l e t t e r d a t e d A p r i l 3 , 1972, A p p l i c a n t r e q u e s t e d t h a t t h e a p p l i c a t i o n b e w i t h d r a w n .
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To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 4 ( c ) ( 8 ) of t h e Bank H o l d i n g Company Act of 1956
R e c e i v e d 5 NCNB C o r p o r a t i o n , C h a r l o t t e , Nor th C a r o l i n a , f o r
p r i o r a p p r o v a l t o a c q u i r e a l l of t h e o u t s t a n d i n g c a p i t a l s t o c k of T r u s t Company of F l o r i d a , O r l a n d o , F l o r i d a .
5 U n i t e d C a r o l i n a B a n c s h a r e s C o r p o r a t i o n , W h i t e v i l l e , Nor th C a r o l i n a , f o r p r i o r a p p r o v a l t o a c q u i r e a l l 1 ,000 s h a r e s of U n i t e d C a r o l i n a L i f e I n s u r a n c e Company, P h o e n i x , A r i z o n a .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H.2 19 72 No. I')
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Rece ived Cont inued * * F i r s t N a t i o n a l Ho ld ing C o r p o r a t i o n , A t l a n t a , G e o r g i a , 4 - 5-72
n o t i f i c a t i o n of i n t e n t t o engage i n a de novo a c t i v i t y (making l o a n s p r i n c i p a l l y s e c u r e d by second mor tgages on s i n g l e f a m i l y r e s i d e n c e s f o r i t s own a c c o u n t ) t h r o u g h i t s s u b s i d i a r y F i r s t South Homeowners C o . , I n c . by e s t a b l i s h i n g an o f f i c e i n Savannah , G e o r g i a .
* * F i r s t N a t i o n a l H o l d i n g C o r p o r a t i o n , A t l a n t a , G e o r g i a , 4 - 6 -72 n o t i f i c a t i o n of i n t e n t t o engage i n cte novo a c t i v i t i e s ( p r o v i d i n g b o o k k e e p i n g o r d a t a p r o c e s s i n g s e r v i c e s f o r t h e i n t e r n a l o p e r a t i o n s of t h e h o l d i n g company and i t s s u b s i d i a r i e s and s t o r i n g and p r o c e s s i n g o t h e r b a n k i n g f i n a n c i a l o r r e l a t e d economic d a t a ) t h rough a s u b s i d i a r y known as F i r s t South Data P r o c e s s i n g Company, A t l a n t a , G e o r g i a .
**M & S B a n c o r p . , J a n e s v i l l e , W i s c o n s i n , n o t i f i c a t i o n 4~ 7-72 of i n t e n t t o engage i n a de novo a c t i v i t y ( t h e l e a s i n g of m a c h i n e r y , equipment and o t h e r i t e m s of p e r s o n a l t y ) t h r o u g h a s u b s i d i a r y t o be known as M & S L e a s i n g Company, I n c . , J a n e s v i l l e , W i s c o n s i n .
10 A f f i l i a t e d Banksha res of C o l o r a d o , I n c . , B o u l d e r , C o l o r a d o , f o r p e r m i s s i o n t o r e t a i n a l l of t h e v o t i n g s h a r e s of I n s u r a n c e P r o f e s s i o n a l s , I n c . , L o v e l a n d , C o l o r a d o .
10 **The F i r s t N a t i o n a l B a n c o r p o r a t i o n , I n c . , Denver , 4 - 7-72 C o l o r a d o , n o t i f i c a t i o n of i n t e n t t o engage i n de novo a c t i v i t i e s (1) a c t i n g as agen t f o r t h e s a l e of p r o p e r t y , c a s u a l t y and s u r e t y i n s u r a n c e f o r t h e p r o t e c t i o n of The F i r s t N a t i o n a l B a n c o r p o r a t i o n I n c . , and i t s s u b s i d i a r i e s , (2) a c t i n g as agen t f o r t h e s a l e of l i f e , d i s a b i l i t y and h o s p i t a l i n s u r a n c e f o r t h e p r o t e c t i o n of employees of The F i r s t N a t i o n a l B a n c o r p o r a t i o n
* * P r o c e s s e d by Rese rve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
- 7 -H.2 # 7 2 No. 15
I n c . , and i t s s u b s i d i a r i e s , (3) a c t i n g as agen t f o r t h e s a l e of c r e d i t l i f e , c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e on b o r r o w e r s who have b e e n e x t e n d e d c r e d i t by a bank o r b a n k - r e l a t e d f i r m , (4) a c t i n g as a g e n t f o r t h e s a l e of p r o p e r t y i n s u r a n c e on l o a n c o l l a t e r a l s e c u r i n g e x t e n s i o n s of c r e d i t by a bank o r b a n k - r e l a t e d f i r m , (5) a c t i n g as a g e n t f o r t h e s a l e of mortgage l i f e , mor tgaga a c c i d e n t and h e a l t h i n s u r a n c e on m o r t g a g o r s whose mor tgages a r e s e r v i c e d by s u b s i d i a r i e s of The F i r s t N a t i o n a l B a n c o r p o r a t i o n I n c . , (6) a c t i n g as a g e n t f o r t h e s a l e of p r o p e r t y i n s u r a n c e on mor tgaged p r o p e r t y d i r e c t l y r e l a t e d t o mor tgage l o a n s e r v i c i n g p r o v i d e d by s u b s i d i a r i e s of The F i r s t N a t i o n a l B a n c o r p o r a t i o n I n c . , (7) a c t i n g as a g e n t f o r i n s u r a n c e which i s o t h e r w i s e s o l d as a m a t t e r of c o n v e n i e n c e so long as t h e premium income f rom s a l e s w i t h i n t h i s a r e a does n o t c o n s t i t u t e a s i g n i f i c a n t p o r t i o n of t h e a g g r e g a t e i n s u r a n c e premium income from i n s u r a n c e s o l d ) th rough a s u b s i d i a r y known as Denver A s s u r o r s Co. a t o f f i c e s of t h e h o l d i n g company and each s u b s i d i a r y i n L i t t l e t o n , North Glenn , Denver , G r e e l e y , Bou lde r and Co lo rado S p r i n g s , C o l o r a d o .
12 **Marine B a n c o r p o r a t i o n , S e a t t l e , Wash ing ton , 4 - 4 - 7 2 n o t i f i c a t i o n of i n t e n t t o engage i n de^novo a c t i v i t i e s ( ( 1 ) making o r a c q u i r i n g f o r i t s own a c c o u n t , l o a n s and o t h e r e x t e n s i o n s of c r e d i t , p r i m a r i l y i n c o n n e c t i o n w i t h f i n a n c i n g of t h e p u r c h a s e , c o n s t r u c t i o n , m a i n t e n a n c e o r r e p a i r of b o a t s and m a r i n e e q u i p m e n t , and a c t i n g as a g e n t or b r o k e r w i t h r e s p e c t t o i n s u r a n c e d i r e c t l y r e l a t e d t h e r e t o , (2) l e a s i n g p e r s o n a l p r o p e r t y and e q u i p m e n t , p r i m a r i l y b o a t s and m a r i n e e q u i p m e n t , where a t t h e i n c e p t i o n of t h e i n i t i a l l e a s e t h e e x p e c t a t i o n i s t h a t t h e e f f e c t of t h e t r a n s a c t i o n and r e a s o n a b l e a n t i c i p a t e d f u t u r e t r a n s a c t i o n s w i t h t h e same l e s s e e as t o t h e same p r o p e r t y w i l l be t o compensate NABOC M a r i n e , I n c . , a s l e s s o r , f o r n o t l e s s t h a n i t s f u l l i n v e s t m e n t i n t h e p r o p e r t y ) t h rough a whol ly-earned s u b s i d i a r y known as NABOC M a r i n e , I n c . , S e a t t l e , Wash ing ton .
* * P r o c e s s e d by Rese rve Bank on b e h a l f of t h e Board of Governors u n d e r d e l e g a t e d a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H. 2 1972 No. 15
Delayed 7 * * P o l i s h Roman C a t h o l i c Union of Amer ica , C h i c a g o , 4 - 3 -72
I l l i n o i s , n o t i f i c a t i o n of i n t e n t t o engage i n de_ novo a c t i v i t i e s ( l ) t h e l e a s i n g of p e r s o n a l p r o p e r t y and e q u i p m e n t , (2) making and a c q u i r i n g l o a n s and o t h e r e x t e n s i o n s of c r e d i t f o r b o t h o u r a c c o u n t and o t h e r s t h r o u g h a s u b i s d i a r y known as Nathan H a l e I n v e s t m e n t C o r p o r a t i o n , C h i c a g o , I l l i n o i s .
12 **Bever ly H i l l s B a n c o r p , B e v e r l y H i l l s , C a l i f o r n i a , 4 - 6 -72 n o t i f i c a t i o n of i n t e n t t o engage i n a de novo a c t i v i t y ( i n v e s t m e n t a d v i s o r y s e r v i c e s ) t h r o u g h a s u b s i d i a r y known as New West Management C o r p o r a t i o n , B e v e r l y H i l l s , C a l i f o r n i a . On A p r i l 6 , 19 72, A p p l i c a n t was i n f o r m e d t h a t t h e 45-day r u n n i n g p e r i o d h a s b e e n suspended p e n d i n g f u r t h e r c o n s i d e r a t i o n of t h e a p p l i c a t i o n .
P e r m i t t e d 1 * * I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode 4 - 6 - 7 2
I s l a n d , t o engage i n a de novo a c t i v i t y (making o r a c q u i r i n g , f o r i t s own account o r f o r t h e a c c o u n t of o t h e r s , l o a n s and o t h e r e x t e n s i o n s of c r e d i t , and o t h e r a c t i v i t i e s commonly engaged i n by mor tgage b a n k i n g companies) t h r o u g h a s u b s i d i a r y known as I n d u s t r i a l N a t i o n a l Mor tgage Company, P r o v i d e n c e , Rhode I s l a n d .
* * * * *
To Expand a Bank H o l d i n g Company P u r s u a n t t o S e c t i o n 4 ( c ) ( 1 2 ) of t h e Bank H o l d i n g Company Act of 1956
R e c e i v e d 6 **The C h a r t e r Company, J a c k s o n v i l l e , F l o r i d a , f o r 4 - 7-72
p e r m i s s i o n t o r e t a i n 6 , 0 0 0 s h a r e s of v o t i n g common s t o c k of S t . J o e P a p e r Company, J a c k s o n v i l l e , F l o r i d a , and a l s o t o a c q u i r e an a d d i t i o n a l 2 ,230 s h a r e s of S t . J o e P a p e r Company.
* * P r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board of Governors unde r d e l e g a t e d a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
H. 2 19 72 No. 15
- 9 -
Rece ived C o n t i n u e d 7 **A11 American L i f e & F i n a n c i a l C o r p o r a t i o n , C h i c a g o , 4 - 4-72
I l l i n o i s , n o t i f i c a t i o n of i n t e n t t o a c q u i r e two H o l i d a y I n n M o t e l s l o c a t e d i n D e e r f i e l d Beach and Boca R a t o n , F l o r i d a , t h r o u g h a s u b s i d i a r y t o b e fo rmed .
P e r m i t t e d 2 **Warner Communicat ions I n c . ( f o r m e r l y Kinney S e r v i c e s 4 - 7-72
I n c . ) New York , New Y o r k , f o r p r i o r a p p r o v a l t o a c q u i r e t h r o u g h N a t i o n a l Kinney C o r p o r a t i o n , New York , New Y o r k , J e s p e r s e n - K a y Systems L i m i t e d of T o r o n t o , O n t a r i o , Canada.
* * P r o c e s s e d by Rese rve Bank on b e h a l f of t h e Board of Governors unde r d e l e g a t e d a u t h o r i t y .
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
