h2_19810214.pdf

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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1981 No. 7) Actions of the Board; Applications and Reports Received During the Week Ending February 14, 1981 AP^LICABL" ACTIONS OF THE BOARD T he Board announced the payment of $50,000 each by Mid American Bancorporat ion, Inc., and Mr. Irwin L. Jacobs, both of Minneapolis, Minnesota, in settlement of enforcement pro- LHidings instituted against them by the Board. T he Board has adopted final forms for submission by foreign banks that conduct a banking business in the United States r h r ot igh brandi e s, agencies , subs idiary banks or commer c i a 1 ending c^pames. (Docket No. R-0256) F xt ens ion of the comment period on proposals the Board has made - >r regulatory changes t h a t w o u l d f a c i l i t a t e the establish- ment in the United States of international b a n k i n g f a c i l i t i e s ; t he c cm me n t pe r iod is ex t ended t hr ough March 16, 1981. (Docket No. R-0214) El Paso Nat tonal Corporation, El Paso, Texas, requesting an ex- tension of time to May 13, 1981, w i t h i n vrfi i ch to consummate the acquisition of East El Paso National Bank, El Paso, Texas, a proposed new bank. If Chicago FIRST STATE FINANCIAL CORPORATION, E a s t Detroit, Michigan, ex- t ens ion of time to March 11, 1981, within which to become a bank holding company through the acquisition of 100 percent of the voting shares of First State Bank of East Detroit, East Detroit, Michigan. 1/ St. Louis Landmark Bancs hares Corporation, Clayton, Missouri, extension of time t o May 4 , 1981, within vfaich to acquire a de novo bank, Landmark Bank of Sunset Hills, N.A., Sunset Hills, Missouri. 1/ 1/ Application processed on behalf of the Board of Governors under delegated aut hori tv. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Transcript of h2_19810214.pdf

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• • ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM ( H . 2 , 1981 No. 7)

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

R e c e i v e d During t h e Week Ending February 14, 1981 AP^LICABL"

ACTIONS OF THE BOARD

T h e Board announced t h e payment of $ 5 0 , 0 0 0 each by Mid American Bancorporat i on , I n c . , and Mr. I r w i n L. J a c o b s , bo th of M i n n e a p o l i s , M i n n e s o t a , i n s e t t l e m e n t of e n f o r c e m e n t pro-LHidings i n s t i t u t e d a g a i n s t them by the Board.

T h e Board has adopted f i n a l forms for s u b m i s s i o n by f o r e i g n banks t h a t conduct a banking b u s i n e s s in the United S t a t e s r hr otigh brandi e s , a g e n c i e s , subs i d i a r y banks or commer c i a 1

e n d i n g c ^ p a m e s . (Docket No. R-0256)

F xt e n s ion of t h e comment per iod on p r o p o s a l s t h e Board h a s made - >r r e g u l a t o r y changes t h a t would f a c i l i t a t e the e s t a b l i s h -ment in t h e Uni ted S t a t e s of i n t e r n a t i o n a l banking f a c i l i t i e s ; t he c cm me n t pe r iod i s ex t ended t hr ough March 16 , 1981 . (Docke t No. R-0214)

El Paso Nat tonal C o r p o r a t i o n , El Paso , T e x a s , r e q u e s t i n g an e x -t e n s i o n of t i m e t o May 13, 1981, w i t h i n vrfi i ch to consummate the a c q u i s i t i o n of E a s t El Paso N a t i o n a l Bank, El Paso , T e x a s , a proposed new bank. I f

Chicago FIRST STATE FINANCIAL CORPORATION, E a s t D e t r o i t , Mich igan , e x -t e n s ion of t ime t o March 11 , 1981, w i t h i n which to become a bank h o l d i n g company through the a c q u i s i t i o n of 100 p e r c e n t of t h e v o t i n g s h a r e s o f F i r s t S t a t e Bank of Eas t D e t r o i t , E a s t D e t r o i t , M i c h i g a n . 1/

S t . L o u i s Landmark Bancs hares C o r p o r a t i o n , C l a y t o n , M i s s o u r i , e x t e n s i o n of t ime t o May 4 , 1981, w i t h i n vfaich to a c q u i r e a de novo bank, Landmark Bank of Sunse t H i l l s , N . A . , S u n s e t H i l l s , M i s s o u r i . 1/

1/ A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d aut hori t v .

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

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H . 2 , 1981 No. 7 - 2 -

ACTIONS OF THE BOARD-Continued

Kansas C i t y Mountain F i n a n c i a l S e r v i c e s , I n c . , D e n v e r , C o l o r a d o , e x t e n s i o n of t ime t o May 28 , 19 81, w i t h i n vti i ch to consummate the acqu-i s i t i o n of S o u t h e a s t N a t i o n a l Bank, Denver , C o l o r a d o . 1/

Ch icago C i t i z e n s Commercial & S a v i n g s Bank, F l i n t , M i c h i g a n , an i n v e s t -ment in bank p r e m i s e s . _iy

Ch icago M&I Marsha l l & I l s l e y Bank, Milwaukee, W i s c o n s i n , e x t e n s i o n of t ime to August 14, 1981 , w i t h i n which to e s t a b l i s h a branch a t 414 West N a t i o n a l Avenue, Milwaukee, W i s c o n s i n . l_/

Ch icago S e c u r i t y Bank of Richmond, Richmond, Mich igan , e x t e n s i o n of time t o August 14, 1981, w i t h i n vriiich to e s t a b l i s h a branch in t h e v i c i n i t y o f H a l l Road and Romeo P l a n t Road, Macomb Township, M i c h i g a n . J_/

Kansas C i t y C i t i z e n s Bank, L i t t l e t o n , Co lorado ( a proposed new bank) , e x t e n s i o n of t ime t o J u l y 3 1 , 1981, w i t h i n ^faich to c o m p l e t e i t s membership i n the Federa l Reserve Sys tem. J J

Ch icago Old Kent Bank of Kalamazoo, Kalamazoo, M i c h i g a n , e x t e n s i o n of t i m e t o May 18, 1981 , w i t h i n which to become a member of the Federa l Reserve Sys tem. J_/

A t l a n t a B a r n e t t Bank of C l e a r w a t e r , N . A . , C l e a r w a t e r , F l o r i d a , proposed merger w i t h B a r n e t t Bank of S t . P e t e r s b u r g , N . A . , S t . P e t e r s b u r g , F l o r i d a ; r e p o r t to the C o m p t r o l l e r of the Currency on c o m p e t i t i v e f a c t o r s . U

A t l a n t a C o r n e l i a Bank, C o r n e l i a , G e o r g i a , proposed merger w i t h Community I n t e r i m , I n c . , C o r n e l i a , G e o r g i a ; r e p o r t to 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 C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/

New York F i r s t J e r s e y N a t i o n a l Bank, J e r s e y C i t y , New J e r s e y , p r o p o s a l t o purchase c e r t a i n a s s e t s and assume c e r t a i n l i a b i l i t i e s of a branch o f F i r s t N a t i o n a l Bank of South J e r s e y , Egg Harbor Township, New J e r s e y ; r e p o r t to the C o m p t r o l l e r of the Currency on c o m p e t i t i v e f a c t o r s . _1_/

A t l a n t a S t a t e Bank o f F o r e s t C i t y , F o r e s t C i t y , F l o r i d a , proposed merger wi th S o u t h e a s t N a t i o n a l Bank of O r l a n d o , Orlando, F l o r i d a ; r e p o r t to the F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on comp-e t i t i v e f a c t o r s . 1/

1 / A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d a 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 , 1981 Mo. 7 3 -

ACTIONS OF THE BOARD-Continued

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

to

Approved A t l a n t a F i r s t Georg ia Bank, A t l a n t a , G e o r g i a . To e s t a b l i s h a branch a t

6840 Peach t r e e I n d u s t r i a l B l v d . , Chamblee, G e o r g i a . 1 / & 2/

A t l a n t a Commerce Union Bank of Summer County, G a l l a t i n , T e n n e s s e e . To e s t a b l i s h a branch at 875 N a s h v i l l e P i k e , G a l l a t i n , T e n n e s s e e . 1/ & 2 /

D a l l a s Centra l Bank, Monroe-West, Monroe, L o u i s i a n a . To e s t a b l i s h a branch a t 221 1 F o r s y t h e Avenue, Monroe, L o u i s i a n a . 1/ & 2 /

San United C a l i f o r n i a Bank, Los A n g e l e s , C a l i f o r n i a . To e s t a b l i s h F r a n c i s c o a branch o f f i c e in t h e v i c i n i t y of the i n t e r s e c t i o n of

Guadalupe Parkway and Brokaw Road, City of San J o s e , Santa C lara County, C a l i f o r n i a . \ J & 7J

San V a l l e y Bank of Nevada, Las Vega, Nevada. To e s t a b l i s h a F r a n c i s c o branch o f f i c e in t h e F a s h i o n Show Shopping Center on t h e

n o r t h w e s t c o r n e r of the i n t e r s e c t i o n of Spr ing Mountain Road and Las Vegas Boulevard S o u t h , adjacent to Annexed p o r t i o n s of the Ci ty o f Las Vegas , Nevada. \ J & 2J

San Uni ted C a l i f o r n i a Bank, Los A n g e l e s , C a l i f o r n i a . To e s t a b l i s h F r a n c i s c o a branch o f f i c e in the v i c i n i t y o f North Main S t r e e t and

San Juan Grade Road, C i t y of S a l i n a s , Monterey County, C a l i f o r n i a . 1 / & 2/

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 A c t i o n s Pursuant to S e c t i o n s 25 and 2 5 ( a ) of t h e F e d e r a l Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Hold ing Company Act of 1956, a s amended

Approved C o r r e c t i o n :

Chicago The a p p l i c a t i o n f o r Nat iona l Bank of D e t r o i t , D e t r o i t , Michigan: g r a n t s c o n s e n t to e s t a b l i s h a s u b s i d i a r y bank in Canada s h o u l d not have appeared on H. 2, 1981 No. 5 as approved.

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

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

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

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1981 No. 7 ^ - 4 - ^

ACTIONS OF THE BOARD-Continued

S i; We l l s Fargo Bank, N . A . San F r a n c i s c o , C a l i f o r n i a g r a n t s c o n s e n t r' !•.:'! c i sv o to amend A r t i c l e s THIRD and FOURTH of t h e A r t i c l e s of

A s s o c i a t i o n of WFBI to change the l o c a t i o n of i t s home o f f i c e to San F r a n c i s c o , C a l i f o r n i a and to e s t a b l i s h branches i n New York, New York, and Miami, F l o r i d a ; and a l s o the r e d u c t i o n of c a p i t a l o f W e l l s Fargo I n t e r n a t i o n a l A f f i l i a t e s C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a .

S i x t y Day N o t i f i c a t i o n P e r i o d Al lowed t o E x p i r e New York Chase Manhattan C o r p o r a t i o n , New York: no o b j e c t i o n to make

an a d d i t i o n a l s u b o r d i n a t e d loan to Orion Bank L i m i t e d , London, England and to e x t e n d t h e m a t u r i t y of an e x i s t i n g s u b o r d i n a t e d l o a n to O r i o n .

San Rainer N a t i o n a l Bank, S e a t t l e , Washington: no o b j e c t i o n t o Franci s c o e s t a b l i s h i t s i n i t i a l branch in the Cayman I s l a n d s .

* * * * *

To Form a Bank H o l d i n g Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) _ o f t h e Bank Hold ing Company Act o f 1956

Approved C l e v e l a n d Northwest P e n n s y l v a n i a Corp. , O i l C i t y , P e n n s y l v a n i a for

approva l t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of Northwest P e n n s y l v a n i a Bank & T r u s t Company, O i l C i t y , P e n n s y l v a n i a . 1_/ & 2J

A t l a n t a Middle G e o r g i a C o r p o r a t i o n , E l l a v i l l e , G e o r g i a , for approval t o a c q u i r e 9 9 . 3 9 p e r c e n t of the v o t i n g s h a r e s of Bank of E l l a v i l l e , E l l a v i l l e , G e o r g i a . 1/ & 2 /

Ch icago IOWA-GRANT BANK SHARES, INC. , Cobb, W i s c o n s i n , f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of Cobb S t a t e Bank, Cobb, W i s c o n s i n . JJ & 2./

Ch icago Mont f o r t Bancorporat i o n , I n c . , P l a t t e v i l l e , W i s c o n s i n , for approva l t o a c q u i r e 80 p e r c e n t or more of the v o t i n g s h a r e s o f C i t i z e n s S t a t e Bank, Mont f o r t , W i s c o n s i n . ] J & 2J

Chicago Weldon B a n c s h a r e s , I n c . , Weldon, I l l i n o i s f o r approval to a c q u i r e 9 2 . 8 percent of t h e v o t i n g s h a r e s of Weldon S t a t e Bank, Weldon, I l l i n o i s . 1 / & 2/

1 / A p p l i c a t i o n p r o c e s s e d on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i ty

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

i

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

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H . 2 , 1981 No.

ACTIONS OF THE BOARD-Continued

S t . L o u i s F i r s t N a t i o n a l B a n c s h a r e s , I n c . , L i t t l e Rock, Arkansas for approva l to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of the s u c c e s s o r by merger to The F i r s t N a t i o n a l Bank in L i t t l e Rock, L i t t l e Rock, A r k a n s a s . \ J & 2_/

St. Loui s F i r s t S t a t e B a n c o r p o r a t i o n , T i p t o n v i l l e , T e n n e s s e e f o r approva l to a c q u i r e 80 percent or more of t h e v o t i n g s h a r e s of The F i r s t S t a t e Bank and Trus t Company, T i p t o n v i l l e , T e n n e s s e e . \ J & 2 /

M i n n e a p o l i s BancMidwest C o r p o r a t i o n , S t . P a u l , Minnesota f o r approval to a c q u i r e 8 2 . 7 percent of t h e v o t i n g s h a r e s of Goodhue S t a t e Bank, Goodhue, Minnesota and 6 4 . 4 percent of the v o t i n g s h a r e s o f C h i s a g o County S t a t e Bank, Center C i t y , Minnesota and 7 2 . 3 p e r c e n t of the v o t i n g s h a r e s of White Rock S t a t e Bank, White Rock, (P .O. Cannon F a l l s ) , M i n n e s o t a . \ J & 2 /

M i n n e a p o l i s C e n t r a l Bancorporat i o n , I n c . , Newport , Minneso ta , f o r approval to a c q u i r e 8 1 . 5 percent of t h e v o t i n g s h a r e s o f Blue Earth S t a t e Bank, Blue Ear th , M i n n e s o t a . \ J & 2/

M i n n e a p o l i s Fin l a y son B a n c s h a r e s , I n c . , F i n 1 ay son, Minnesota for approval to a c a u i r e 9 7 . 1 4 p e r c e n t of the v o t i n g s h a r e s of F i r s t S t a t e Bank of F i n l a y s o n , F i n l a y s o n , M i n n e s o t a . 1/ & 2 j

M i n n e a p o l i s Lakeland Agency , I n c . , Pequot Lakes , Minnesota f o r approval to a c q u i r e 9 5 . 3 7 percent of t h e v o t i n g s h a r e s of Lake land S t a t e Bank, Pequot Lakes , M i n n e s o t a . JJ & 2]

M i n n e a p o l i s S e c u r i t y Bancorporat i o n , I n c . , Newport, Minnesota for approval to a c q u i r e at l e a s t 93 p e r c e n t of the v o t i n g s h a r e s of S e c u r i t y S t a t e Bank, Lady s m i t h , W i s c o n s i n . J_/ & 2/

K a n s a s C i t y Arapahoe F i n a n c i a l C o r p . , Arapahoe , Nebraska f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s o f C i t i z e n s S t a t e Bank, Arapahoe , N e b r a s k a . \ J & 2/

K a n s a s C i t y C a s s County S t a t e Company, P la t t smouth, N e b r a s k a , for approva l t o a c q u i r e a t l e a s t 97 p e r c e n t of the v o t i n g s h a r e s of Cass County Bank, P l a t t s m o u t h , Nebraska . j_/ & 2_f

Kansas C i t y Geneseo B a n c s h a r e s , I n c . , G e n e s e o , Kansas , f o r approval t o a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of The C i t i z e n s S t a t e Bank, G e n e s e o , Kansas . 1 / & 2 /

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

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

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

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ACTIONS OF THE BOARD-Continued

Kansas C i t y P e o p l e s B a n c s h a r e s , I n c . , Colorado S p r i n g s , Colorado f o r approval to a c q u i r e a t l e a s t 8 7 . 9 4 percent of t h e v o t i n g s h a r e s of P e o p l e s Bank, W e s t v i l l e , Oklahoma. 1J & 2/

Kansas C i t y V a l l e y Bank H o l d i n g Company, S e c u r i t y , C o l o r a d o , for approval t o a c q u i r e at l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of Bank o f F o u n t a i n V a l l e y , S e c u r i t y , C o l o r a d o . 1/ & 2 /

D a l l a s Merchants F i n a n c i a l C o r p o r a t i o n , D a l l a s , Texas f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s o f Merchants S t a t e Bank, D a l l a s , T e x a s . \J & 2j

* * * * *

To Expand a Bank H o l d i n g Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) o f t h e Bank Hold ing Company Act of 1956

Approved Chicago U n i t e d Banks of W i s c o n s i n , I n c . , Madison, W i s c o n s i n , for approva l

to a c q u i r e 80 p e r c e n t or more of the v o t i n g s h a r e s of Farmers & C i t i z e n s Bank, Sauk C i t y , W i s c o n s i n . 1J & 2 /

D a l l a s F i r s t Bancorp, I n c . , C o r i s c a n a , Texas f o r approval to a c q u i r e 51 percent of t h e v o t i n g s h a r e s o f F i r s t G r e e n v i l l e B a n c s h a r e s , I n c . , G r e e n v i l l e , Texas and i n d i r e c t l y 9 5 . 9 7 p e r c e n t of the v o t i n g s h a r e s o f F i r s t G r e e n v i l l e N a t i o n a l Bank, G r e e n v i l l e , T e x a s . 1 / & 2 /

* * * * *

To Expand a Bank Hold ing Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) of t h e Bank H o l d i n g Company Act o f 1956

Approved M i n n e a p o l i s Lakeland Agency , I n c . , Pequot Lakes , Minneso ta for approva l

t o engage in the s a l e of g e n e r a l i n s u r a n c e in a community with a p o p u l a t i o n not e x c e e d i n g 5 , 0 0 0 . J_/

Withdrawn Kansas C i t y L i b e r t y N a t i o n a l C o r p o r a t i o n , Oklahoma C i t y , Oklahoma, n o t i -

f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t h e s a l e of p r o p e r t y and c a s u a l t y 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 o

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

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

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

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H. 2 , 19 81 No. 7 - 7 -

ACTIONS OF THE BOARD-Continued

t o e x t e n s i o n s of c r e d i t ) through o f f i c e s of L i b e r t y N a t i o n a l Bank and T r u s t Company of Oklahoma C i t y in Oklahoma C i t y ; through o f f i c e s of L i b e r t y F i n a n c i a l C o r p o r a t i o n in Oklahoma; and through o f f i c e s of L i b e r t y Mortgage Company i n Oklahoma C i t y , O k l a h o m a ( 3 ) , Lawton, Oklahoma; T u l s a , Oklahoma; Broken Arrow, Oklahoma; Edmond, Oklahoma; and Sand S p r i n g s , Oklahoma, t hr ough i t s ind i r e c t subs id i a r y , Mid-Ame r ic a Insurance Age nc y , I n c . ( 2 / 1 2 / 8 1 ) V

De layed New York C i t i c o r p , New York, New York, n o t i f i c a t i o n of i n t e n t to r e l o c a t e

de novo a c t i v i t i e s ( p u r c h a s i n g f o r i t s own account and s e r v i c -i n g s a l e s f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g 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 i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , a s r e q u i r e d ; making or a c q u i r i n g loans and o t h e r e x t e n s i o n o f c r e d i t , s ecured or u n s e c u r e d , for consumer and o t h e r p u r p o s e s ; the e x t e n s i o n of l o a n s to d e a l e r s f o r the f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e s a l e of c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l proper ty s u b j e c 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 i n a n c i a l C e n t e r , I n c . , and to t h e e x t e n t 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 i n s u r a n c e laws and r e g u l a t i o n s ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e may be w r i t t e n by Family Guardian L i f e I n s u r a n c e 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 C e n t e r , I n c . ) from 5310 East 3 1 s t S t r e e t , T u l s a , Oklahoma to 6733 South Y a l e , T u l s a , Oklahoma, 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 i n a n c i a l C e n t e r , I n c . ( 2 / 1 1 / 8 1 ) J3/

New York C i t i c o r p , New York, New York, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o i n c l u d e the s a l e of c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l proper ty s u b j e c 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 i n a n c i a l C e n t e r , I n c . , and to the e x t e n t 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 i n s u r a n c e laws and r e g u l a t i o n s ; the new a c t i v i t y would be c o n d u c t e d in t h e p r e v i o u s l y 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 Oklahoma; the f o l l o w i n g p r e v i o u s l y approved a c t i v i t i e s w i l l c o n t i n u e to be c o n d u c t e d a t the o f f i c e ; the p u r c h a s i n g f o r i t s own account and s e r v i c i n g s a l e s f i n a n c e 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 a c c i d e n t and h e a l t h , d e c r e a s i n g or l e v e l ( i n the case of s i n g l e

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

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

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payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s , as r e q u i r e d ; and t h e making o f l o a n s to i n d i v i d u a l s and b u s i n e s s e s s ecured bv r e a l and p e r s o n a l p r o p e r t y , t h e proceeds of which may be f o r p u r p o s e s o ther t h a n p e r s o n a l , f a m i l y or h o u s e h o l d u s a g e ; and t h e e x t e n s i o n of l o a n s to d e a l e r s f o r the f i n a n c i n g of i n -v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; c r e d i t r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r a n c e may be w r i t t e n by Family Guardian L i f e I n s u r a n c e 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 C e n t e r , I n c . ) a t 5801 E a s t 4 1 s t S t r e e t , T u l s a , Oklahoma, 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 i n a n c i a l C e n t e r , I n c . ( 2 / 1 1 / 8 1 ) _3/

Kansas C i t y Hydro B a n c s h a r e s , I n c . , Hydro, 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 ( t o engage i n the a c t i v i t y of o b t a i n i n g l o a n s from an u n r e l a t e d banking i n s t i t u t i o n ) t h e g e o g r a p h i c a r e a to be served i n c l u d e s the S t a t e of Oklahoma ( 2 / 1 0 / 8 1 )

R e a c t i v a t e d San W e l l s F a r g o & Company, San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n F r a n c i s c o of i n t e n t to engage in de novo a c t i v i t i e s ( a c t i n g as agent f o r

c r e d i t l i f e or a c c i d e n t and h e a l t h i n s u r a n c e r e l a t e d to i t s e x t e n s i o n s of c r e d i t ; and i n a c t i n g as agent f o r c r e d i t proper ty and c a s u a l t y i n s u r a n c e and a s s o c i a t e d l i a b i l i t y i n s u r a n c e r e l a t e d t o WFCC's e x t e n s i o n s of c r e d i t to the e x t e n t 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 i n s u r a n c e laws or r e g u l a t i o n s ) i n Wheaton, Maryland and T y s o n ' s C o r n e r , V i r g i n i a , s e r v i n g t h e S t a t e of Kentucky , through i t s s u b s i d i a r y , W e l l s Fargo C r e d i t C o r p o r a t i o n ( 2 / 1 3 / 8 1 ) 2 /

P e r m i t t e d Boston Old S tone C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , n o t i f i c a t i o n

of i n t e n t to engage in de novo a c t i v i t i e s ( t h e s a l e of c a s u -a l t y i n s u r a n c e for t h e p r o t e c t i o n of p r o p e r t y mortgaged i n c o n n e c t i o n w i t h e x t e n s i o n s of c r e d i t made or brokered by c e r t a i n a f f i l i a t e d bank h o l d i n g company s u b s i d i a r i e s ) t h i s a c t i v i t y would be engaged i n from e x i s t i n g branch o f f i c e s of c e r t a i n of Old S t o n e ' s i n d i r e c t s u b s i d i a r i e s ; U n i C r e d i t C o r p o r a t i o n of F l o r i d a , J a c k s o n v i l l e , F l o r i d a ; DAC Corpora-t i o n o f F l o r i d a , J a c k s o n v i l l e , F l o r i d a ; E&C C o r p o r a t i o n of Alabama, M o b i l e , Alabama; DAC C o r p o r a t i o n of G e o r g i a , A t l a n t a , G e o r g i a ; and UniMortgage C o r p o r a t i o n of Oh io , Columbus, Ohio ( 2 / 1 4 / 8 1 ) 3 /

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n 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 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

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New York B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , both of London, E n g l a n d , 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 ( i n commercial f i n a n c e , i . e . , making s e c u r e d l o a n s t o s m a l l and medium s i z e d b u s i n e s s e s ) a t 100 Heronton Road, P r i n c e t o n , New J e r s e y ; One World Trade C e n t e r , S u i t e 7 9 6 7 , New York, New York; and 555 Broadhol1ow Road, M e l v i l l e , Long I s l a n d , New York, through t h e i r s u b s i d -i a r y , Aetna B u s i n e s s C r e d i t , I n c . ( 2 / 1 4 / 8 1 ) 3 /

New York B a r c l a y s Bank L i m i t e d and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d , both of London, E n g l a n d , n o t i f i c a t i o n of i n t e n t to r e l o c a t e de novo a c t i v i t i e s ( i n l e a s e f i n a n c i n g of persona l p r o p e r t y by means o f l e a s e s t h a t meet the s t a n d a r d s of S e c t i o n 2 2 5 . 4 ( a ) ( 6 ) o f R e g u l a t i o n Y) from 612 P a s t e u r D r i v e , Freeman B u i l d -i n g , S u i t e 4 0 5 , G r e e n s b o r o , North C a r o l i n a t o 2216 West Meadow-v i e w Road, S u i t e 109 , G r e e n s b o r o , N o r t h C a r o l i n a , through t h e i r s u b s i d i a r y , B a r l c a y s A m e r i c a n / L e a s i n g , I n c . ( 2 / 1 3 / 8 1 ) _3/

New York C i t i c o r p , New York, New York, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( p e r s o n a l and b u s i n e s s l e n d i n g a c t i v i t i e s i n c l u d i n g , but not l i m i t e d t o , t h e making , a c q u i r i n g and s e r v i c -i n g o f l o a n s and o ther e x t e n s i o n s o f c r e d i t to i n d i v i d u a l s and b u s i n e s s e n t e r p r i s e s ; such s e r v i c i n g may i n c l u d e c r e d i t r e v i e w , b i l l i n g , c o l l e c t i o n a c t i v i t i e s , account adjustment and r e l a t e d s e r v i c e s performed i n c o n j u n c t i o n w i t h the proposed l e n d i n g a c t i v i t i e s ) a t 211 P e r i m e t e r Center Parkway, S u i t e 8 0 0 , A t l a n t a , G e o r g 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 r i v a t e C a p i t a l , I n c . ( 2 / 1 3 / 8 1 ) 2 /

A t l a n t a F i r s t M i s s i s s i p p i N a t i o n a l C o r p o r a t i o n , H a t t i e s b u r g , M i s s i s s i p p i , 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 l o a n s to p e r s o n s , p a r t n e r s h i p s , c o r p o r a t i o n s and o t h e r l e g a l e n t i t i e s , t a k i n g s e c u r i t y t h e r e for as a p p r o p r i a t e ) i n Hat t i e sburg , J a c k s o n and B i l o x i , M i s s i s s i p p i , through a s u b s i d i a r y , B i e n v i l l e F i n a n c e Company ( 2 / 1 4 / 8 1 ) 3 /

Kansas Uni ted M i s s o u r i B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , not i f i c a -C i t y t ion of i n t e n t to engage de novo a c t i v i t i e s ( t o expand t h e g e o -

graph ic s c o p e of the r e c e n t l y approved de novo o f f i c e of i t s s u b s i d i a r y , U n i t e d M i s s o u r i Mortgage Company, l o c a t e d a t U n i t e d M i s s o u r i Bank o f F e r g u s o n , F e r g u s o n , M i s s o u r i ) the g e o g r a p h i c area of t h e branch o f f i c e w i l l be expanded to i n c l u d e S t . C h a r l e s County, M i s s o u r i ( 2 / 1 2 / 8 1 ) J3/

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

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

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1

H . 2 . 1981 No. 7 - 10 -

ACTIONS OF THE BOARD-Continued

S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n f i n a n c i n g and i n d u s t r i a l loan c o r p o r a t i o n a c t i v i t i e s through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c F i n a n c e Money Center I n c . , i n c l u d i n g making, a c q u i r i n g and s e r v i c i n g loans and o t h e r e x t e n s i o n s of c r e d i t ; s e l l i n g and i s s u i n g i n v e s t m e n t c e r t i f i c a t e s ; and a c t i n g as agent f o r the s a l e of c r e d i t r e l a t e d l i f e , c r e d i t r e l a t e d a c c i -dent and h e a l t h and c r e d i t r e l a t e d p r o p e r t y i n s u r a n c e , a l l as a u t h o r i z e d by C a l i f o r n i a S t a t e law) in E s c o n d i d o , C a l i f o r n i a , through i t s i n d i r e c t s u b s i d i a r y , S e c u r i t y P a c i f i c F i n a n c e Money C e n t e r , I n c . ( 2 / 1 3 / 8 1 ) 3 /

U .S . Bancorp , P o r t l a n d , Oregon , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t h e making , a c q u i r i n g and s e r v i c i n g of l o a n s and o ther e x t e n s i o n s o f c r e d i t , e i t h e r secured o r un-s e c u r e d , f o r i t s own account or the account of o t h e r s i n c l u d -i n g , but no t l i m i t e d t o , c cxnmer c i a l , r e d i s c o u n t and i n s t a l l -ment s a l e s c o n t r a c t s ; to i s s u e t h r i f t c e r t i f i c a t e s and p a s s -books and to a c t as i n s u r a n c e agent with r e g a r d to c r e d i t l i f e and d i s a b i l i t y i n s u r a n c e s o l e l y i n c o n n e c t i o n w i t h e x t e n -s i o n s o f c r e d i t in c o n f o r m a n c e with t h e p r o v i s i o n s of S e c t i o n s 2 2 5 . 4 ( a ) ( 1 ) , ( 2 ) , ( 3 ) , and ( 9 ) ( i i ) of R e g u l a t i o n Y) a t 1300 South and S t a t e S t r e e t s , Or em, Utah and 131 E a s t Main S t r e e t , American Fork , Utah , through i t s who l ly -owned s u b s i d i a r y , U .S . Bancorp F i n a n c i a l , I n c . ( 2 / 1 3 / 8 1 ) 3 /

San Wel l s Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n F r a n c i s c o 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 i n g as agent for

c r e d i t l i f e or a c c i d e n t and h e a l t h i n s u r a n c e r e l a t e d to i t s e x t e n s i o n s of c r e d i t ; and in a c t i n g as agent for c r e d i t proper ty and c a s u a l t y i n s u r a n c e and a s s o c i a t e d l i a b i l i t y i n s u r a n c e r e l a t e d t o WFCC's e x t e n s i o n s o f c r e d i t to the e x t e n t 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 i n s u r a n c e laws or r e g u l a t i o n s ) in Wheaton, Maryland and T y s o n ' s Corner , V i r g i n i a , s e r v i n g t h e S t a t e s of Kentucky through i t s s u b s i d i a r y , Wel l s Fargo C r e d i t C o r p o r a t i o n ( 2 / 1 3 / 8 1 ) V

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

San F r a n c i s c o

San Franc i s c o

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

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Ch icago

San Franc i sc o

— 1 1 —

APPLICATIONS RECEIVED

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

GSB Bank, Gay l o r d , M i c h i g a n . 2/

The Camel Bank, P h o e n i x , A r i z o n a . 2 /

* * * * *

C h i c a g o

To Merge Pursuant to S e c t i o n 1 8 ( 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

GSB Bank, Gay lord , M i c h i g a n , to merge with Gaylord Stat< Bank, Gay lord , M i c h i g a n . 2 /

* * * * *

To E s t a b l i s h a U.S . Branch of an Edge Act C o r p o r a t i o n Pursuant t o S e c t i o n 2 5 ( a ) o f t h e F e d e r a l Reserve Act

S t . L o u i s M e r c a n t i l e I n t e r n a t i o n a l C o r p o r a t i o n . S t . L o u i s , M i s s o u r i : r e q u e s t e d c o n s e n t to e s t a b l i s h a d o m e s t i c "banking1 1 branch i n New York, New York.

San R a i n i e r I n t e r n a t i o n a l Bank, Los A n g e l e s , C a l i f o r n i a : r e q u e s t s F r a n c i s c o c o n s e n t to e s t a b l i s h a branch in P o r t l a n d , O r e g o n .

* * * * *

To Form a Bank H o l d i n g Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) o f t h e Bank H o l d i n g Company Act o f 1956

A t l a n t a S o u t h e r n B a n c s h a r e s , I n c . , D o u g l a s , G e o r g i a , f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of The Farmers Bank, D o u g l a s , G e o r g i a , and 5 6 . 2 p e r c e n t of the v o t i n g s h a r e s of The Farmers Bank, Locust Grove , G e o r g i a . 2 /

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

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

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APPLICATIONS RECEIVED-Continued

Chicago Osage Bank S e r v i c e s , I n c . , O s a g e , Iowa, f o r approval to a c q u i r e at l e a s t 6 4 . 6 percent of t h e v o t i n g s h a r e s of Osage Farmer N a t i o n a l Bank, O s a g e , Iowa I f

M i n n e a p o l i s J & L BANCORPORATION, INC. , G l e n d i v e , Montana, for approva l t o a c q u i r e 80 p e r c e n t of the v o t i n g s h a r e s of the F i r s t S e c u r i t y Bank of G l e n d i v e , G l e n d i v e , Montana. 2 /

Kansas C i t y Cent i n e l Bank S h a r e s , I n c . , T a o s , New Mex ico , f o r approva l t o a c q u i r e 100 percent of t h e v o t i n g s h a r e s o f Cent i n e l Bank of Taos , T a o s , New Mex ico . I f

Kansas C i t y Ch i s ho 1m T r a i l F i n a n c i a l C o r p . , W i c h i t a , Kansas , for approva l t o a c q u i r e a t l e a s t 8 7 . 3 p e r c e n t of the of the v o t i n g s h a r e s of Ch i s holm T r a i l S t a t e Bank, W i c h i t a , Kansas 2 j

Kansas C i t y F i r s t C i t y H o l d i n g C o r p o r a t i o n , Oklahoma C i t y , Oklahoma, f o r a p p r o v a l to a c q i r e 80 percent of t h e v o t i n g s h a r e s o f C i t y N a t i o n a l Bank and T r u s t Company, Oklahoma C i t y , Oklahoma C i t y , Oklahoma 2 /

Kansas C i t y Pawnee Bancs h a r e s , I n c . , Pawnee, Oklahoma, f o r approval to a c q u i r e 80 percent of t h e v o t i n g s h a r e s of The Pawnee N a t i o n a l Bank, Pawnee, Oklahoma. 2 /

San C a l i f o r n i a P a c i f i c C o r p o r a t i o n , Bake rs f i e ld , C a l i f o r n i a , for F r a n c i s c o approva l t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of

s u c c e s s o r by merger t o American N a t i o n a l Bank, Bakers f i e l d , C a l i f o r n i a . 2 /

* * * * *

To Expand a Bank Hold ing Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) o f t h e Bank H o l d i n g Company Act of 1956

New York F i r s t J e r s e y N a t i o n a l C o r p o r a t i o n , J e r s e y C i t y , New J e r s e y for approva l t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of the s u c c e s s o r by merger t o P e r t h Amboy N a t i o n a l Bank, P e r t h Amboy, New J e r s e y . 2 /

Chicago Old Kent F i n a n c i a l C o r p o r a t i o n , Grand Rapids , M i c h i g a n , f o r a p p r o v a l to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of t h e s u c c e s s o r by c o n s o l i d a t i o n to Gaylord S t a t e Bank, Gay l o r d , M i c h i g a n . 2 /

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

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

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H . 2 , 1981 No. 7 — 13 -

APPLICATIONS RECEIVED-Cont inued

K ins as C i tv

Dal l a s

F i r s t American Bancs h a r e s , I n c . , K i n g s t o n , M i s s o u r i , f o r a p p r o v a l to a c q u i r e a t l e a s t 57 percent of t h e v o t i n g s h a r e s of American Bank o f Union S t a r , Union S t a r , M i s s o u r i 2 /

East T e x a s B a n c s h a r e s , I n c . , T y l e r , Texas for approval to a c q u i r e at l e a s t 90 p e r c e n t of the v o t i n g s h a r e s of P e o p l e s N a t i o n a l Bank of Sulphur S p r i n g s , Sulphur S p r i n g s , Texas 2 /

* * * * *

To Expand a Bank H o l d i n g Company Pursuant t o S e c t i o n 4 ( c ) ( 8 ) o f t h e Bank H o l d i n g Company Act of 1956

New York L i n c o l n F i r s t Banks I n c . , R o c h e s t e r , New York, t o u n d e r w r i t e as r e i n s u r e r , through i t s s u b s i d i a r y , L i n c o l n F i r s t L i f e I n s u r a n c e Company, c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t by L i n c o l n F i r s t Bank, N.A. , R o c h e s t e r , New York, i n New York S t a t e ( 2 / 1 1 / 8 1 ) 2 /

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand t h e a c t i v i t i e s of e x i s t i n g o f f i c e s 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 C e n t e r , I n c . , and i t s r e s p e c t i v e s u b s i d i a r i e s to i n c l u d e t h e f o l l o w i n g a c t i v i t i e s ( s e r v i c i n g , for any p e r s o n , of 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 ) ( 2 / 1 0 / 8 1 ) 3 /

Richmond C e n t r a l F i d e l i t y Banks , I n c . , Richmond, 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 engage in de novo a c t i v i t i e s ( a c t i n g as inves tment and f i n a n c i a l a d v i s o r , p r o v i d i n g p o r t f o l i o i n v e s t m e n t a d v i c e and p o r t f o l i o management s e r v i c e s to i n d i v i d u a l s , p a r t n e r s h i p s , c o r p o r a t i o n s , p e n s i o n and p r o f i t s h a r i n g p l a n s , p r i v a t e found-a t i o n s and endowments) a t 213 E a s t Broad S t r e e t , Richmond, V i r g i n i a , through i t s s u b s i d i a r y , CFB A d v i s o r y C o r p o r a t i o n ( form-The Columbia A d v i s o r y C o r p o r a t i o n ) ( 2 / 9 / 8 1 ) J3/

Ch icago M i l l i k i n B a n c s h a r e s , I n c . , D e c a t u r , I l l i n o i s , n o t i f i c a t i o n of of i n t e n t to e s t a b l i s h d e novo a c t i v i t i e s ( t o engage in mortgage loan o r i g i n a t i o n a c t i v i t i e s ) i n B l o o m i n g t o n , Champaign, Mount Vernon and M o l i n e , I l l i n o i s , t h e g e o g r a p h i c s c o p e i s 21 c o u n t i e s ( 2 0 i n I l l i n o i s , 1 i n Iowa) t h a t are near to t h e l o c a t i o n s of t h e r e s p e c t i v e o f f i c e s , through i t s s u b s i d i a r y M i l l i k i n R e a l t y C o r p . , D e c a t u r , I l l i n o i s ( 2 / 9 / 8 1 ) 3 /

27 A p p l i c a t i o n s u b j e c t to Community R e i n v e s t m e n t A c t . The Community R e i n v e s t m e n t O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d as to the l e n g t h of the comment p e r i o d .

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n 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

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H. 2 , 1981 No. 7 - 14 -

APPLICATIONS RECEIVED-Cont inued

Chicago Northern Trust 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 , 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 ( s e r v i c i n g loans 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 any p e r s o n ) a t 700 B r i c k e l 1 Avenue, Miami, F l o r i d a , t h e g e o g r a p h i c scope i s in t h e S t a t e of F l o r i d a ( 2 / 5 / 8 1 ) 3 /

San W e l l s Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , to expand F r a n c i s c o the a c t i v i t i e s conducted by i t s whol ly -owned s u b s i d i a r y ,

C e n t r a l Western I n s u r a n c e Company ( t o i n c l u d e i n c l u d e r e i n s u r -ance of a c c i d e n t and h e a l t h ( d i s a b i l i t y ) and combined l i f e and d i s a b i l i t y i n s u r a n c e 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 i n the S t a t e of C a l i f o r n i a by W e l l s ' l e n d i n g s u b s i d i a r i e s ) a t 6 710 E a s t Camel back Road, S u i t e 101 , S c o t t s d a l e , A r i z o n a ( 2 / 9 / 8 1 ) 2 /

San S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i c a t i o n F r a n c i s c o of i n t e n t to engage i n de novo a c t i v i t i e s (making or a c q u i r i n g ,

f o r i t s own account or f o r the account of o t h e r s , l o a n s and e x t e n s i o n s o f c r e d i t , i n c l u d i n g making consumer i n s t a l l m e n t p e r s o n a l l o a n s , p u r c h a s i n g consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans to smal l b u s i n e s s e s 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 f a c t o r i n g company o r a consumer f i n a n c e company; and a c t i n g a s broker or agent for t h e s a l e of c r e d i t - r e l a t e d l i f e , a c c i d e n t and h e a l t h i n s u r a n c e ) in Happauge and Woodbury, New York, s e r v i n g t h e S t a t e of New York, through i t s s u b s i d i a r i e s , S e c u r i t y P a c i f i c F inance C o r p . , and SPC C r e d i t S e r v i c e s , I n c . ( 2 / 1 0 / 8 1 ) 3 /

* * * * *

REPORTS RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None.

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

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