h2_19810815.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2 , 1981 No. 33)

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

Received During t h e Week Ending August 15, 1981 APPLICABLE

RESERVE BANK ACTIONS OF THE BOARD

R e g u l a t i o n Q, adopt ion of an i n t e r p r e t a t i o n of B o a r d ' s r u l e s to c l a r i f y what type d e p o s i t o r s a r e e l i g i b l e to ho ld i n t e r e s t - b e a r i n g check ing accounts a t member banks . (Docket No. R-0356)

R e g u l a t i o n J amendment to Subpart A govern ing t h e c o l l e c t i o n of checks and o the r i t ems by Reserve Banks , t o implement t h e Monetary C o n t r o l Act of 1980, e f f e c t i v e August 12, 1981. (Docket No. R-0357)

D e l e g a t i o n of A u t h o r i t y , t o the Fede ra l Reserve Banks the a u t h o r i t y to e n t e r i n t o w r i t t e n agreements to c o r r e c t v i o l a t i o n s of law, r u l e or r e g u l a t i o n ; and t o the D i r e c t o r of Banking S u p e r v i s i o n and R e g u l a t i o n , ex tended a u t h o r i t y t o r e f e r v i o l a t i o n s of the Employee Re t i r ement Income S e c u r i t y Act by S t a t e member banks to t h e Department of L a b o r . (Docket No. R-0365)

Chicago Champaign Bancorp , I n c . , Champaign, I l l i n o i s , e x t e n s i o n of t ime to November 20, 1981, w i t h i n which to become a bank h o l d i n g company through t h e a c q u i s i t i o n of 100 percen t 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 of Champaign, Champaign, I l l i n o i s . \ J

Chicago CITIZENS BANKING CORPORATION, F l i n t , Mich igan , e x t e n s i o n of t ime to November 6, 1981, w i t h i n tAich 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 of t he s u c c e s s o r by c o n s o l i d a t i o n to C i t i z e n s Commercial & Savings Bank, F l i n t , Michigan. \ J

D a l l a s C i t i z e n s 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 , e x t e n s i o n of time to November 9, 1981, w i t h i n which to consummate t h e a c q u i s i t i o n of The C i t i z e n s N a t i o n a l Bank of G r e e n v i l l e , G r e e n v i l l e , Texas . \ J

D a l l a s El Paso N a t i o n a l C o r p o r a t i o n , El Paso , Texas , e x t e n s i o n of t ime to November 9, 1981, w i t h i n which to consummate the a c q u i s i t i o n of and to open Eas t El Paso N a t i o n a l Bank, El Paso , Texas . 1/

17 A p p l i c a t i o n p roces sed on beha l f of the Board of Governors under de l ega ted a u t h o r i t y .

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

H. 2, 1981 Mo. 33 - 2

ACTIONS OF THE BOARD-Continued

Boston

Dal l a s

F i r s t F i n a n c i a l Corpora t ion , P rov idence , Rhode I s l a n d , ex tens ion of t ime to November 16, 1981, w i th in which to become a bank holding company through the a c q u i s i t i o n of F i r s t Bank and Trus t Company, Providence , Rhode I s l a n d . J 7

Gulf Coast Bancshares , I n c . , A lv in , Texas, e x t e n s i o n of time to September 16, 1981, w i th in which to consummate the a c q u i s i t i o n of F i r s t Nat ional Bank of A l v i n , A lv in , Texas . 1/

New York F i r s t Nat ional S t a t e Bancorpora t ion , Newark, New J e r s e y , ex tens ion of time to November 3, 1981, w i th in which to a c q u i r e the successor by merger to the Broadway Nat ional Bank of Bayonne, Bayonne, New J e r s e y . 1/

Da l l a s I r v ing American Bancshares Corp . , I r v i n g , Texas , e x t e n s i o n of time to November 2, 1981, wi th in which to consummate the a c q u i s i t i o n of The American Bank, I r v i n g , Texas . J J

P h i l a d e l p h i a Southeast Nat iona l Bancshares of Pennsy lvania , I n c . , Malvern, Pennsy lvan ia , e x t e n s i o n of time to November 28, 1981, wi th -i n xriiich to consummate the a c q u i s i t i o n of Southeas t Nat iona l Bank of Pennsy lvan ia , Ches t e r , Pennsy lvan ia . 1/

Da l l a s Tomball Bancshares , I n c . , Tomball , Texas , ex tens ion of time to November 3, 1981, w i th in which to consummate the a c q u i s i t i o n of F i r s t Bank & T r u s t , Tomball , Texas. 1/

New York Chemico I n t e r n a t i o n a l I n c . , New York, New York, e x t e n s i o n of t ime to August 1, 1982, w i t h i n which to acqu i re a l l of the shares of Chembail , S . A . , a de novo l e a s i n g company to be l oca t ed i n P a r i s , F rance . \J

New York C i t i b a n k , N.A. , New York, New York, e x t e n s i o n of time to August 29, 1982, w i t h i n which to e s t a b l i s h a branch o f f i c e in Macau. I /

New York Morgan Guaranty I n t e r n a t i o n a l Finance C o r p o r a t i o n , New York, New York, e x t e n s i o n of time to August 23, 1982, w i t h i n which to acqu i r e a d d i t i o n a l sha re s of Bank of Commerce Berhad, Kuala Lumpur, Malaysia . \J

S t . Louis Bowling Green Bank and Trus t Company, Bowling Green, Kentucky, proposed merger w i t h B G S t a t e Bank, Bowling Green, Kentucky; r e p o r t to t h e Federa l Deposit I n s u r -ance Corpora t ion on compet i t ive f a c t o r s . \J

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

I


H.2 , 1981 No. 33 - 3 -


A t l a n t a Century N a t i o n a l Bank of P e n s a c o l a , F l o r i d a , proposed merger wi th Century N a t i o n a l Bank of Santa Rosa, F l o r i d a and Century Bank of Gulf B r e e z e , Gulf Breeze , F l o r i d a ; r e p o r t to t h e F e d e r a l Deposi 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 . \J

A t l a n t a F i r s t American Bank of Palm Beach County, North Palm Beach, F l o r i d a , proposed merger w i t h F i r s t Bank of Hoilywood Beach, Hollywood, F l o r i d a ; r e p o r t to t h e Federa l Depos i t In su rance 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 . If

A t l a n t a Grea t Sou the rn Na t iona l Bank, Quitman, M i s s i s s i p p i , p r o -posed merger wi th Bank of J ackson , J ackson , M i s s i s s i p p i , and Bank of H a t t i e s b u r g , H a t t i e s b u r g , M i s s i s s i p p i ; r e p o r t to t h e Compt ro l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . II

D a l l a s Pinemont Bank, Hous ton , Texas , proposed merger w i t h New Pinemont Bank, Hous ton , Texas ; r e p o r t t o t h e F e d e r a l Depos 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 . J J

A t l a n t a Por t S t . Luc i e Bank, Por t S t . L u c i e , F l o r i d a , proposed merger w i t h T r e a s u r e Coast Bank of Por t S t . L u c i e , P o r t S t . L u c i e , F l o r i d a ; r e p o r t to t h e F e d e r a l Deposi t I n s u r -ance 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 /

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


H.2, 1981 No. 33 - 4 -


To E s t a b l i s h a Domestic Branch Pursuant to Sec t ion 9 of the Federa l Reserve Act

Approved Chicago The D e t r o i t Bank and Trus t Company, D e t r o i t , Michigan.

To e s t a b l i s h a branch on the n o r t h e a s t corner of Groesbeck Highway and Har r ing ton Road, Cl in ton Town-s h i p , Macomb County, Michigan. JV

Boston The Connec t icu t Bank and Trus t Company, H a r t f o r d , Connec t i cu t . To e s t a b l i s h a branch on Div i s ion S t r e e t between Route 115 and Persh ing Drive , Derby, Connec t i cu t . J 7

Boston The Connec t icu t Bank and Trus t Company, H a r t f o r d , Connec t i cu t . To e s t a b l i s h a branch a t the no r th -west corner of Holmes S t r e e t and Eas t Main S t r e e t , S ton ing ton , Connec t i cu t . JL/

New York Chemical Bank, New York, New York. To e s t a b l i s h a branch a t North Shore Towers Apartment Complex, Arcade Level , 269 Grand C e n t r a l Parkway, Borough of Oueens, New York, New York. 1/

* * * * *

To Become a Member of the Federa l Reserve System Pursuant t o Sec t ion 9 of the Federal Reserve Act

Richmond Approved

F i r s t S e t t l e r s Bank, Hayes, V i r g i n i a .

* * * * *

Richmond

Issued I n t e n t Not to Disapprove Change in Cont ro l Pursuant t o Change in Bank Cont ro l Act of 1978

Not Disapproved E q u i t a b l e Bancorpora t ion , Ba l t imore , Maryland. 1/

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


H .2 , 1981 No. 33 - 5 -


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

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

New York The n o t i c e of the withdrawal of an a p p l i c a t i o n by Chase Manhattan Overseas Banking C o r p o r a t i o n , Newark, Delaware: wi th r e spec t to Chase Merchants Bank (Nige r i a ) Limited which appeared on H.2 No. 33, 1981 was i n c o r r e c t l y s t a t e d . I t should have read "Chase Manhattan Overseas Banking Cor-p o r a t i o n , Newark, Delaware: a r eques t to determine t h a t Chase Merchants Bank (N ige r i a ) Limited i s no longer a sub-s i d i a r y " .

Approved P h i l a d e l p h i a P h i l a d e l p h i a I n t e r n a t i o n a l Bank, New York, New York: g r an t s

consent to a cqu i r e by t r a n s f e r from i t s a f f i l i a t e , P h i l a d e l p h i a I n t e r n a t i o n a l Investment C o r p o r a t i o n , P h i l a d e l p h i a , Pennsy lvan ia , t he remaining 2 ,000,000 shares of P h i l a d e l p h i a I n t e r n a t i o n a l Finance Co. - Hong Kong L imi ted , Hong Kong.

* * * * *

To E s t a b l i s h a U.S. Branch of an Edge Act Corpora t ion Pursuant t o Sec t ion 25(a) of t he Fede ra l Reserve Act

Approved Minneapol is Northwest I n t e r n a t i o n a l Bank, Minneapol i s , Minnesota :

g r a n t s consent to e s t a b l i s h and ope ra t e a branch in New York, New York of t h e Minneapolis Edge.

Correction: Chicago The a p p l i c a t i o n f o r Wisconsin I n t e r n a t i o n a l Bank, New

York, New York: g r an t s consent to e s t a b l i s h and o p e r a t e a branch in Miami, F l o r i d a which appeared on H.2 No. 32 as Approved was i n c o r r e c t . I t should have read F i r s t Wisconsin I n t e r n a t i o n a l Bank, New York, New York: g r a n t s consent to e s t a b l i s h and ope ra t e a branch in Miami, F l o r i d a .


H.2 , 1981 No. 33 6 -


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

Withdrawn S t . Louis C i t i z e n s B a n c o r p . , I n c . , Glasgow, Kentucky, for app rova l

t o a c q u i r e 80.14 p e r c e n t of the v o t i n g s h a r e s of C i t i z e n s Bank and T r u s t Company, Glasgow, Kentucky.

Approved A t l a n t a F i r s t J e f f e r s o n C o r p o r a t i o n , B i l o x i , M i s s i s s i p p i , for ap-

p rova l t o a c q u i r e a t l e a s t 80 pe rcen t of the v o t i n g s h a r e s of J e f f e r s o n Bank, B i l o x i , M i s s i s s i p p i . JL/

A t l a n t a L i b e r t y Bancsha re s , I n c . , Brentwood, Tennes see , f o r ap-p rova l to a c q u i r e a t l e a s t 80 pe rcen t of t h e v o t i n g s h a r e s of L i b e r t y Bank, Brentwood, Tennes see . \ J

A t l a n t a S o u t h e a s t e r n B a n c s h a r e s , I n c . , C a r t e r y v i l l e , Geo rg i a , fo r 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 F i r s t N a t i o n a l 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 , G e o r g i a . _!/

Chicago Be l l e P l a i n e S e r v i c e C o r p . , Des Moines, Iowa, f o r approva l to a c q u i r e a t l e a s t 81 .9 pe rcen t 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 S t a t e Bank, Be l l e P l a i n e , Iowa. \ J

Chicago GNB Bancorpora t i o n , Grundy C e n t e r , Iowa, fo r approva l t o a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of The Grundy N a t i o n a l Bank of Grundy C e n t e r , Grundy C e n t e r , Iowa. J 7

Chicago Greene Inves tment C o . , Coon Rap ids , Iowa, f o r approva l to a c q u i r e a t l e a s t 80 pe rcen t of t h e v o t i n g s h a r e s of Home S t a t e Bank, J e f f e r s o n , Iowa. \f

S t . Louis Area Bancsha re s C o r p o r a t i o n , H o p k i n s v i l l e , Kentucky, f o r approva 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 by merger t o F i r s t C i ty Bank and T r u s t Company, H o p k i n s v i l l e , Kentucky. JL/

S t . Lou i s P e r r y B a n c s h a r e s , I n c . , P e r r y , M i s s o u r i , f o r approva l t o a c q u i r e a t l e a s t 80 pe rcen t of t h e v o t i n g s h a r e s of The P e r r y S t a t e Bank, P e r r y , M i s s o u r i . J J

7 7 A p p l i c a t i o n p rocessed on beha l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .

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

H.2, 1981 No. 33 7 -

S t . Louis

Kansas Ci ty

ACTIONS OF THE BOARD-Cont inued

Troy Bancorp, I n c . , Troy, Tennessee , f o r approval to acqu i r e a t l e a s t 80 percent of t h e v o t i n g sha re s of The Bank of Troy, Troy , Tennessee . JL/

Emerson F i r s t Nat iona l Company, Schuy le r , Nebraska, for ap-proval to a c q u i r e a t l e a s t 95 percen t of the vo t ing sha re s of The F i r s t Nat ional Bank of Emerson, Ernerson, Nebraska. 1/

Kansas Ci ty F i r s t Healdton Bancorpora t ion , I n c . , Hea ld ton , Oklahoma, for approval to acqu i re a t l e a s t 80 percent of t he vo t ing shares of Bank of Heald ton , Hea ld ton , Oklahoma. _1 /

Kansas Ci ty Mercer Bancorp, I n c . , Mercer, Mi s sou r i , for approval t o acqu i r e a t l e a s t 80 percent of the vo t i ng sha res of The Peop les Bank of Mercer, Mercer, Mis sou r i . J7

Kansas Ci ty The Moorcrof t Corpo ra t i on , Moorcrof t , Wyoming, f o r ap-proval to acqu i r e 80 percent of the v o t i n g sha re s of Moorcrof t S t a t e Bank, Moorcrof t , Wyoming. JL/

Kansas Ci ty The Newcastle Co rpo ra t i on , Newcast le , Wyoming, for ap-proval to a cqu i r e 82 percent of the vo t i ng shares of Nat iona l Bank of Newcast le , Newcast le , Wyoming. JL/

Kansas Ci ty Shat tuck Bancshares , I n c . , Sha t tuck , Oklahoma, f o r ap-proval to acqu i re a t l e a s t 80 percent of the vo t ing shares of The Shat tuck Nat iona l Bank, Sha t tuck , Oklahoma. J L /

Da l l a s Commercial Nat ional Corpora t ion , Shrevepor t , L o u i s i a n a , for approval to acqui re a t l e a s t 80 percent of t he vo t ing shares of Commercial Nat ional Bank in Shrevepor t , S h r e v e p o r t , Lou i s i ana . 1/

* * * * *

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

Approved Cleveland Winters Na t iona l Co rpo ra t i on , Dayton, Ohio, for approval

to acqu i r e 99.75 percent of the vo t i ng sha res of Winters Nat iona l Bank of C i n c i n n a t i , C i n c i n n a t i , Ohio, a proposed new bank. 1/

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


H.2, 1981 No. 33


A t l a n t a

Chicago

Ch icago

Kansas C i ty

Kansas C i ty

Dal l a s

Dal l a s

American Bancshares of Houma, I n c . , Houma, L o u i s i a n a , f o r approva l to a c q u i r e 6 4 . 5 a d d i t i o n a l s h a r e s of t h e v o t i n g s h a r e s of American Bank & T r u s t Company of Houma, Houma, L o u i s i a n a . \ J

Brenton Banks, I n c . , Des Moines, Iowa, f o r approva l to a c q u i r e 100 pe rcen t of t h e v o t i n g s h a r e s of Community Holding Company, K n o x v i l l e , Iowa and t h e r e b y i n d i r e c t l y a c q u i r e 80 pe rcen t o r more of t h e v o t i n g s h a r e s of The Community N a t i o n a l Bank & T r u s t Company of K n o x v i l l e , K n o x v i l l e , Iowa. J 7

Michigan Na t iona l C o r p o r a t i o n , B locmf ie ld H i l l s , Michigan , for approva l to a c q u i r e 100 pe rcen t 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 c o n s o l i d a t i o n to Peoples S t a t e Bank of East Tawas, East Tawas, Michigan . J L /

Fi r s tBank Holding Company of Colorado and F i r s tBank Hold-ing Company, both of Lakewood, Co lo rado , f o r approva l to 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 F i r s t B a n k of Avon, Avon, Co lo rado , a proposed new bank .

J e f f e r i e s I n s u r a n c e Agency, I n c . , Buckner, M i s s o u r i , f o r approva l t o a c q u i r e an a d d i t i o n a l 51.06 2 /3 p e r c e n t of t h e 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 Buckner , Buckner , M i s s o u r i . J 7

Southwest B a n c s h a r e s , I n c . , Hous ton , Texas , for app rova l t o a c q u i r e For t Worth Bancsha re s , I n c . , For t Worth, T e x a s , and i n d i r e c t l y a c q u i r e 100 percen t of t h e v o t i n g sha re s of F o r t Worth Bank and T r u s t , For t Worth, Texas . 1/

Southwest B a n c s h a r e s , I n c . , Hous ton , Texas , f o r approva l to a c q u i r e 100 percen t of t h e v o t i n g s h a r e s of M a n s f i e l d S t a t e Bank, Mans f i e l d , Texas . 1/

Dal l a s Texas Commerce B a n c s h a r e s , I n c . , Houston , Texas , for ap -prova 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 F i r s t N a t i o n a l Bank of S t a f f o r d , Hous ton , T e x a s , a pro-posed new bank . JL/

17 A p p l i c a t i o n p rocessed 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 .


H.2, 1981 No. 33 - 9 -


To Expand a Bank Holding Company Pursuant to Sect ion 3 ( a ) ( 5 ) of the Bank Holding Company Act of 1956

Approved Boston Shawmut Corporation, Boston, Massachusetts, for approval

to merge with F i r s t Me lv i l l e Bancorp, I n c . , New Bedford, Massachusetts and thereby acquire 100 percent of the voting shares of The F i r s t National Bank of New Bedford, New Bedford, Massachusetts. J7

Atlanta Gulfstream Banks, I n c . , Boca Raton, Flor ida, for approval to merge with Summit Banking Corporation, Tamarac, Florida and thereby i n d i r e c t l y acquire 90 percent or more of the vot ing shares of Summit Bank, Tamarac, Flor ida. 1/

* * * * *

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

Approved Chicago Greene Investment Co. , Coon Rapids, Iowa, for approval

to acquire Greene County Agricultural Credit Corpora-t i o n , J e f f e r s o n , Iowa, a company that w i l l engage in the sa l e of c r e d i t l i f e and d i s a b i l i t y insurance. \J

Delayed San BankAmerica Corporation, San Francisco, C a l i f o r n i a , not i -Francisco 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 ( s t o r -

ing and processing banking, f inanc ia l or re la ted economic data; such a c t i v i t i e s w i l l inc lude, but not be l imited t o , account r e c o n c i l i a t i o n , deposit accounting, general ledger accounting, loans accounting, cred i t uion accounting and providing p a y r o l l , accounts rece ivable and payable, b i l l i n g and other s imi lar data processing s e r v i c e s ) at Centennial Industr ia l Park, 360 South Randolphville Road, Piscataway, New Jersey , serving the States of Ohio, Georgia, F lor ida , Alabama, Tennessee, Miss i s s ipp i and Louisiana, through i t s d i r e c t subs id iary , Decimus Corporation (a Ca l i forn ia Corporation) (7 /28 /81) 3/

J7 Appl icat ion processed on behalf of the Board of Governors under delegated author i ty .

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 .

I


H.2, 1981 No. 33 - 10 -

ACTIONS OF THE BOARD-Cont inued

Permi t t ed New York B a r c l a y s Bank Limited and Barc lays Bank I n t e r n a t i o n a l

L imi ted , both of London, England, r eques t permission to e s t a b l i s h de novo o f f i c e s engaging in the fo l low-ing a c t i v i t i e s ( ( i ) making d i r e c t consumer loans , i n -c lud ing loans secured by r e a l e s t a t e , and purchasing of s a l e s f i nance c o n t r a c t s r e p r e s e n t i n g ex tens ions of c r e d i t such as would be made or acquired by a consumer f i nance company, and wholesa le f inanc ing ( f l o o r p lanning) and ( i i ) a c t i n g as agent for the s a l e of r e l a t e d c r e d i t l i f e , c r e d i t acc iden t and h e a l t h and c r e d i t p roper ty i n s u r a n c e ; c r e d i t l i f e and c r e d i t acc iden t and h e a l t h insurance so ld as agent may be u n d e r w r i t t e n or r e insu red by Bare laysAmer icanCorpora t ion 1 s in su rance underwr i t ing s u b s i d i a r i e s ) a t 4318 Howntowner Loop, North Mobi le , Alabama, through t h e i r s u b s i d i a r y , Bare laysAmer ican /Cred i t , I n c . , 1205 Southeas t Main S t r e e t , Roswell , New Mexico, through t h e i r s u b s i d i a r y , Ba rc l aysAmer ican /F inanc ia l , I n c . and 2010-M C e r r i l l o s Road, Sante Fe, Mexico, through t h e i r s u b s i d i a r y , Ba rc l aysAmer i can /F inanc i a l , Inc . (8 /15 /81) 3J

New York Barc lays Bank Limited and Barc lays Bank I n t e r n a t i o n a l L imi t ed , both of London, England, r eques t permiss ion 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 i n the fo l low-i n g a c t i v i t i e s ( ( i ) making d i r e c t consumer l o a n s , i n -c lud ing loans secured by r e a l e s t a t e , and purchas ing of s a l e s f i n a n c e c o n t r a c t s r e p r e s e n t i n g ex t ens ions of c r e d i t such as would be made or acquired by a consumer f i n a n c e company, and wholesa le f i n a n c i n g ( f l o o r p lanning) and ( i i ) a c t i n g as agent f o r the s a l e of r e l a t e d c r e d i t l i f e , c r e d i t acc iden t and h e a l t h and c r e d i t p roper ty i n s u r a n c e ; c r e d i t l i f e and c r e d i t acc iden t and h e a l t h i n su rance sold as agent may be underwr i t t en or r e i n s u r e d by Bare laysAmer icanCorpora t ion 1 s insurance underwr i t ing s u b s i d i a r i e s ) from 1015 Meridian S t r e e t , North H u n t s v i l l e , Alabama to 507A Will iam Avenue, S.W., H u n t s v i l l e , Alabama, through t h e i r s u b s i d i a r y , Barc laysAmer ican /Cred i t , I n c . ; from 238 Bolton Avenue, A lexandr i a , Lou i s i ana to the Cour tyard , 5615 Jackson S t r e e t , Bu i ld ing D, Alexandr i a , L o u i s i a n a , through t h e i r s u b s i d i a r y , Barclays American-C o r p o r a t i o n ; from 225 East Elmira S t r e e t , San Antonio, Texas to V i l l a g e Plaza Shopping Cen te r , 6557 San Pedro S t r e e t , San Anton io , Texas , through t h e i r s u b s i d i a r y , Ba rc l aysAmer ican /F inanc ia l , I n c . ; from 922 Broadway, Tacoma, Washington to 1810 Mildred S t r e e t , Tacoma, Washington, through t h e i r s u b s i d i a r i e s , BarelaysAmerican/ F i n a n c i a l , I n c . and Ba re l aysAmer i can / Indus t r i a l Company;

3 7 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 lega ted a u t h o r i t y .

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

H.2 , 1981 No. 33 - 1 1 -


from 1306 Main S t r e e t , Vancouver, Washington to Chkalov Dr ive , Cascade V i l l a g e Cen te r , Vancouver, Washington, through t h e i r s u b s i d i a r i e s , Barc laysAmer ican /F inanc ia l , I n c . and Ba re l aysAmer i can / Indus t r i a l Company and from 615-CnY" Avenue, Casper , Wyoming to 301 South Thelma D r i v e r , Casper , Wyoming, through t h e i r s u b s i d i a r y , BarelaysAmericanCorporat ion (8 /15 /81) Zj

New York Chemical New York C o r p o r a t i o n , New York, New York, r e q u e s t s pe rmiss ion to e s t a b l i s h an o f f i c e of a de novo s u b s i d i a r y engaging in the fo l lowing a c t i v i t i e s ( r e i n s u r i n g second mor tgage - r e l a t ed c r e d i t l i f e insurance) a t 115 Dupont C i r c l e , S t . Matthews, Kentucky, through i t s e x i s t i n g s u b s i d i a r y , Sunamerica Corpora t ion (8 /12 /81) 3/

New York C i t i c o r p , New York, New York, r e q u e s t s permission t o 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 i n c l u d -ing a p p l i c a t i o n acceptance f u n c t i o n s , t h e execut ion of loan documents and d i s b u r s a l of f u n d s , the acceptance of payments and account ad jus tmen t s in connect ion wi th C i t i c o r p F i n a n c i a l , I n c . ' s c r e d i t card and d i r e c t lend-ing a c t i v i t i e s ) a t White Marsh M a l l , 8200 Pe r ry Ha l l Boulevard, Ba l t imore , Maryland, through i t s s u b s i d i a r y , C i t i c o r p F i n a n c i a l , I n c . ( 8 / 9 / 8 1 ) J3/

New York C i t i c o r p , New York, New York, r eques t 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 (making or a c q u i r i n g , for i t s own account or for the ac -count of o t h e r s , commercial loans and o the r ex tens ions of c r e d i t i n c l u d i n g , but not l i m i t e d t o , the b u s i n e s s of f a c t o r i n g and a s s e t - b a s e d f i n a n c i n g ; and l e a s i n g pe r -sonal or r e a l p rope r ty or a c t i n g as agen t , broker or a d v i s e r in l ea s ing such p roper ty and s e r v i c i n g such l e a s e s s u b j e c t to a l l of t h e q u a l i f i c a t i o n s s p e c i f i e d in 12 C.F.R. 2 2 5 . 4 ( a ) ( 6 ) ( a ) and (b) where the l e a s e s se rve as the f u n c t i o n a l equ iva len t of an ex tens ion of c r e d i t to the l e s s e e of the p roper ty ) a t the Commercial S e c u r i t y Bank Tower, 50 South Main S t r e e t , Sa l t Lake C i t y , Utah, through i t s s u b s i d i a r y , C i t i c o r p I n d u s t r i a l C r e d i t , Inc . (8 /14 /81) 3/

New York C i t i c o r p , New York, New York, r e q u e s t s permiss ion to r e l o c a t e an e x i s t i n g o f f i c e and to expand t h e a c t i v i t i e s of the r e l o c a t e d 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 (making, a c q u i r i n g and s e r v i c i n g ,

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 lega ted a u t h o r i t y .


• • H.2, 1981 No. 33 - 12 -


f o r i t s own account and f o r the account of o t h e r s , ex t ens ions of c r e d i t secured by l i e n s on r e s i d e n t i a l r e a l e s t a t e ; the p r ev 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 p rev 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 fo r the new a c t i v i t i e s ) from 1108 Kane Concourse, Bay Harbor , F l o r i d a to 800 Br i cke l1 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 . ( 8 / 9 / 8 1 ) 3/

New York Manufacturers Hanover Corpora t ion , New York, New York, r e q u e s 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 (purchas ing 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 and a c t i n g as an agent or broker fo r 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 acc iden t and h e a l t h i n s u r -ance which i s d i r e c t l y r e l a t e d to such loans and ex ten-s ions of c r e d i t ; Tempco L i f e Insurance Company would r e i n s u r e such c r e d i t l i f e and acc ident and h e a l t h i n s u r -ance) a t Paragon Cen te r , 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 C r e d i t , Inc . (8 /10 /81) 3/

New York Manufacturers Hanover Corpora t ion , New York, New York, r e q u e s t s permission to e s t a b l i s h a jde novo o f f i c e engaging in the fo l lowing a c t i v i t i e s ( a r r a n g i n g , mak-ing or a c q u i r i n g for i t s own account or for the ac -count of o t h e r s , loans and o the r ex tens ions of c r e d i t secured by a homeowner's equ i 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 o ther ex t ens ions of c r e d i t for any person; and a c t i n g as an agent or broker f o r 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 i n s u r a n c e which 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 f e I n s u r -ance Company would r e i n s u r e such c r e d i t l i f e and acc iden t and h e a l t h in su rance ) a t Paragon Cen te r , 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 Incorpora ted of F l o r i d a (8 /10 /81) _3/

Chicago Irwin Union Corpo ra t i on , Columbus, Ind i ana , 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 (mortgage company b u s i n e s s , i n c l u d i n g the o r i g i n a t i o n of f i r s t mortgage loans on s i n g l e fami ly r e s i d e n c e s , second mortgage loans , m u l t i -f ami ly mortgage loans and commercial mortgage loans) a t an

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 lega ted a u t h o r i t y .

I


H.2 , 1981 No. 33 - 13 -


o f f i c e in Tampa, F l o r i d a and a t S u i t e 201, Oakwood Execu t ive C e n t r e , 414 P laza Dr ive , Westmont, I l l i n o i s ; S u i t e 101, 4710 Auth P l a c e , Camp S p r i n g s , Maryland; S u i t e 808, 5900 P r i n c e s s Garden Parkway, Lanham, Maryland; 14527 J e f f e r s o n Davis Highway, Woodbridge, V i r g i n i a , th rough i t s s u b s i d i a r y , In l and Mortgage C o r p o r a t i o n ( 8 / 1 3 / 8 1 ) 3/

Kansas C i t y Eaton C a p i t a l C o r p o r a t i o n , Loup C i t y , N e b r a s k a , t o engage de novo i n t h e s a l e of g e n e r a l i n s u r a n c e in a community of l e s s t han 5 ,000 p o p u l a t i o n from t h e p remises of i t s proposed s u b s i d i a r y , Ea ton Bank, Ea ton , C o l o r a d o , t h e geograph ic a r e a to be served i n c l u d e s an a r e a w i t h i n a 25-mi le r a d i u s of Ea ton , Co lo rado , e x c l u d i n g any towns which have a p o p u l a t i o n of g r e a t e r than 5 ,000 ( 8 / 1 3 / 8 1 ) _3/

BankAmerica C o r p o r t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i -c a t i o n of i n t e n t to expand t h e geograph ic scope of the t h e f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g for i t s own account loans and o t h e r e x t e n s i o n of c r e d i t such as would be made or acqu i r ed by a f i n a n c e company, 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 , 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 a c c i d e n t and h e a l t h i n s u r -ance; 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 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, Pennsy lvan ia 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 , bu t not be l i m i t e d t o , making consumer i n s t a l l m e n t l o a n s ; p u r c h a s i n g 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 and o t h e r e x t e n s i o n s of c r e d i t t o smal l b u s i n e s s e s ; making loans and o t h e r e x t e n s i o n s of c r e d i t secured by r e a l and p e r s o n a l p r o p e r t y ; and o f f e r i n g c r e d i t r e l a t e d l i f e and c r e d i t r e l a t e d 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 made or acqu i r ed by FinanceAmerica C o r p o r a t i o n ) a t 307 Cleve land Avenue, Fa i rmon t , West V i r g i n i a , s e r v i n g t h e e n t i r e S t a t e of West V i r g i n i a ; a t 125 South Queen S t r e e t , M a r t i n s b u r g , West V i r g i n i a , s e r v i n g t h e e n t i r e S t a t e s 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 e r v i n g t h e e n t i r e S t a t e s of West V i r g i n i a , Maryland and Pennsy lvan i a ( 8 / 1 2 / 8 1 ) 3/

San F r a n c i s c o

San F ranc i sco

BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to r e l o c a t e 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 loans and o t h e r e x t e n s i o n s of c r e d i t such as would be made or a cqu i r ed by a f i n a n c e company; 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 ; 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 i n s u r a n c e ; n e i t h e r c r e d i t - r e l a t e d a c c i d e n t and h e a l t h nor 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 w i l l be o f f e r e d i n e i t h e r New York or C o n n e c t i c u t ; such a c t i v i t i e s w i l l i n c l u d e ,

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


H.2 , 1981 No. 33 - 14 -


but not be l i m i t e d t o , pu rchas ing i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans and o ther e x t e n s i o n s of c r e d i t t o smal l b u s i n e s s e s , making loans secured by r e a l p r o p e r t y , and o f f e r i n g c r e d i t - r e l a t e d l i f e 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 made or acqui red by FinanceAmerica Mortgage S e r v i c e s I n c . ) from 3704 Whitney Avenue, S u i t e 9 , Hamden, Connec t i cu t to O f f i c e 3 Bui ld ing C, 422-426 Highlands Avenue, C h e s h i r e , C o n n e c t i c u t , s e r v i n g the s t a t e s of Connec t i cu t and New York, t h rough i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Mortgage S e r v i c e s I n c . (a New Hampshire c o r p o r a t i o n ) ( 8 / 1 2 / 8 1 ) 3/

Orbano F i n a n c i a l S e r v i c e s C o r p o r a t i o n , 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 (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 , mortgage loans or o ther e x t e n s i o n s of c r e d i t ; 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 for any pe r son ; a c t i n g as i n s u r a n c e agent or b roke r f o r any c r e d i t l i f e i n s u r a n c e t h a t i s d i r e c t l y r e l a t e d to an e x t e n s i o n of c r e d i t by i t ; o r i g i n a t i n g c o n v e n t i o n a l mobi le home loans and mobile home loans i n s u r e d by t h e F e d e r a l Housing A d m i n i s t r a t i o n or guaran teed by the Vete rans A d m i n i s t r a t i o n fo r s a l e to f i n a n c i a l i n s t i t u t i o n s , t h e F e d e r a l N a t i o n a l Mortage A s s o c i a t i o n , or in mor tgage-backed s e c u r i t i e s gua ran teed by t h e Government N a t i o n a l Mortgage A s s o c i a t i o n which loans w i l l be secured by i n s t a l l m e n t s a l e s c o n t r a c t s on mobile homes; s e r v i c i n g such mobile home loans for i t s i n v e s t o r s by c o l l e c t i n g payments , p e r i o d i c a l l y i n s p e c t i n g c o l l a t e r a l , and s u p e r v i s i n g r e p o s s e s s i o n s in the event of unremedied d e f a u l t s ; and p r o v i d i n g who le sa l e f i n a n c i n g fo r mobile homes) a t 10575 Katy Freeway, S u i t e 203, Houston, Texas , s e r v i n g the sou the rn p o r t i o n of Texas , t h rough i t s s u b s i d i a r y , F o r t Wayne Mortgage Co. ( 8 / 1 0 / 8 1 ) 3/

San S e a f i r s t C o r p o r a t i o n , S e a t t l e , Washington, n o t i f i c a t i o n of F r a n c i s c o i n t e n t to engage in de novo a c t i v i t i e s (making and a c q u i r -

ing loans and o t h e r e x t e n s i o n s of c r e d i t secured by r e a l e s t a t e mortgages and deeds of t r u s t ; and a c t i n g as agent f o r the s a l e of c r e d i t l i f e and a c c i d e n t 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 i t s e x t e n s i o n s of c r e d i t ) in Modesto, C a l i f o r n i a , s e r v i n g t h e S t a t e of C a l i f o r n i a , through i t s s u b s i d i a r y , S e a f i r s t Mortgage C o r p o r a t i o n ( 8 / 1 0 / 8 1 ) 3/

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 Ange les , C a l i f o r n i a , no-F r a n c i s c o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( i n

the o r i g i n a t i o n and a c q u i s i t i o n of mortgage l o a n s , i n c l u d -

San F r a n c i sco

37 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on beha l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .


H. 2 , 1981 No. 33 - 15



ing development and c o n s t r u c t i o n loans on m u l t i - f a m i l y and commercial p r o p e r t i e s for S e c u r i t y P a c i f i c Mortgage and Real E s t a t e S e r v i c e s , I n c . ' s own account or f o r s a l e to o the r s and the s e r v i c i n g of such loans for o the r s ) in Los Angeles , C a l i f o r n i a ; San F r a n c i s c o , C a l i f o r n i a ; Denver, Colorado; Minneapol i s , Minnesota; P o r t l a n d , Oregon; D a l l a s , Texas; Houston, Texas; Sa l t Lake C i t y , Utah and Be l l evue , Washington, s e r v i n g the United S t a t e s , through i t s s u b s i d i a r y , Secu r i t y P a c i f i c Mortgage and Real E s t a t e S e r v i c e s , Inc . (8 /10 /81) 3/

Secur i ty P a c i f i c Corpora t ion , Los Angeles , C a l i f o r n i a , no-t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( l e a s i n g and s e r v i c i n g a c t i v i t i e s wi th r e spec t to pe r -sonal p roper ty and equipment and r e a l p roper ty ) a t No. 2 Execu t ive Campus, Cherry H i l l , New J e r s e y ; 18552 MacArthur Boulevard , I r v i n e , C a l i f o r n i a ; 99 South Lake, Pasadena , C a l i f o r n i a and 10103 C a r r o l l Canyon Road, San Diego, C a l i f o r n i a , s e r v i n g the United S t a t 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 Finance Corp. (8 /13 /81) 3/

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


H.2, 1981 No. 33 - 16 -

APPLICATIONS RECEIVED

To E s t a b l i s h a Domestic Branch Pursuant to Sec t ion 9 of the Federa l Reserve Act

P h i l a d e l p h i a United J e r s e y Bank, Hackensack, New J e r s e y . To e s t a b l i s h four o f f s i t e e l e c t r o n i c f a c i l i t y o f f i c e s , a t t he fo l low-ing l o c a t i o n s :

Rt . 70 and Frontage Road, Cherry H i l l , New Je r sey 2/

Rt . 130 and Church Road, Cinnaminson, New Je r sey 2/

# 8 Black Horse Pike and Willow Avenue, Williamstown, New J e r s e y 2_/

100 College Road Eas t , P l a i n s b o r o Township, New J e r s e y . 2 j

P h i l a d e l p h i a United J e r s e y Bank/Southwest, Cherry H i l l , New J e r s e y . To e s t a b l i s h o f f s i t e e l e c t r o n i c f a c i l i t i e s a t the fo l lowing l o c a t i o n s :

Pars ippany O f f i c e , Route 202 and 46, Pars ippany , J e r sey 2]

Westwood O f f i c e , 1 Westwood Avenue, Westwood, New Je r sey 2/

Lake Hiawatha O f f i c e , 480 N. Reverwyck Rd. , Lake Hiawatha, New J e r s e y 2/

S c r a n t o n - P r i n e e t o n Conference Center & Ho te l , P r i n c e t o n , F o r r e s t a l Cen te r , 100 Col lege Road E a s t , P l a insboro Town-s h i p , New J e r s e y . 2/

Richmond The Community Bank of F o r e s t , F o r e s t , Bedford County, V i r g i n i a . To e s t a b l i s h a branch a t 9000 Timberlake Road, Campbell County, (P.O. Lynchburg) , V i r g i n i a . 2 j

A t l a n t a Exchange Bank and Trus t Company of F l o r i d a , Tampa, F l o r i d a . To e s t a b l i s h an automatic t e l l e r machine loca ted a t 5519 West I d l e w i l d , Tampa, F l o r i d a . 2j

Chicago Ches te r ton S t a t e Bank, Ches t e r t on , I n d i a n a . To e s t a b l i s h a branch a t 801 Broadway, C h e s t e r t o n , I nd i ana . 2 j

Da l l a s C i t i z e n s Bank and Trus t Company of Baytown, Baytown, Texas . To e s t a b l i s h two o f f s i t e e l e c t r o n i c f a c i l i t i e s in Baytown, Texas. 2/

2/ App l i ca t i on s u b j e c t to Community Reinvestment Act . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve Bank may be con tac t ed as to the l eng th of the comment p e r i o d .

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

H.2, 1981 No. 33 - 1 7 -

APPLICATIONS RECEIVED-Continued

To Become a Member of the Federa l Reserve System Pursuant t o Sec t ion 9 of the Federa l Reserve Act

Chicago Michigan Bank-Port Huron, Por t Huron, Michigan. 2/

* * * * *

To Merge Pursuant to Sec t ion 18(c) of the Federa l Deposit I n su rance Act

Boston The M e r r i l l Trus t Company, Bangor, Maine, t o merge wi th The Na t iona l Bank of Gard ine r , Gard ine r , Maine. 2\J

* * * * *

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 t h e Federa l 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

New York Al l i ed I n t e r n a t i o n a l Bancorp, I n c . (a Delaware Corpo ra t i on ) : r e q u e s t s approval of the i s suance of c a p i t a l no tes as an a d d i t i o n to c a p i t a l s t r u c t u r e in accordance w i t h p rov i s ions of S e c t i o n 204 .2 (a ) (1) ( v i i ) (C) of Regula t ion D and Sec t ion 217 .1 ( f ) (3) ( i i ) of Regula t ion Q.

New York Bankers I n t e r n a t i o n a l Co rpo ra t i on , New York, New York: p r i o r n o t i f i c a t i o n of i t s i n t e n t to make an a d d i t i o n a l investment in B.T. Cap i t a l Se rv ices L t d . , Toronto , Canada.

Chicago Manufac ture rs Nat ional Bank of D e t r o i t , D e t r o i t , Michigan: p r i o r n o t i f i c a t i o n of i t s i n t e n t to s u b s c r i b e and even tua l ly purchase an a d d i t i o n a l 416,668 o rd ina ry shares in the proposed i n c r e a s e d and au tho r i zed share c a p i t a l of AIB.

Minneapol is F i r s t Bank Minneapol is I n t e r n a t i o n a l , I n c . , New York, New York: r e q u e s t s consent to change i t s name to F i r s t Bank I n t e r n a t i o n a l , I n c .

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


H.2 , 1981 No. 33 - 1 8 -

Minneapo l i s

Richmond

A t l a n t a

At l a n t a

A t l a n t a

A t l a n t a

Chicago

Chicago

APPLICATIONS RECEIVED-Cont inued

To Organ ize , or I n v e s t i n , a C o r p o r a t i o n doing F o r e i g n Banking and Other F o r e i g n F i n a n c i n g Pu r suan t t o S e c t i o n 25 or 25 (a ) of t h e F e d e r a l Reserve Act

F i r s t Bank Minneapo l i s I n t e r n a t i o n a l , I n c . , New York C i t y , New York: r e q u e s t s consen t to e s t a b l i s h a Milwaukee, Wisconsin branch of t he New York C i t y Edge.

* * * * *

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

C e n t u r i o n Bancorp I n c . , C h a r l e s t o n , West V i r g i n i a , for ap-p rova 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 C h a r l e s t o n N a t i o n a l Bank, C h a r l e s t o n , West V i r g i n i a . 2 j

C e n t r a l Bank S h a r e s , I n c . , O r l a n d o . F l o r i d a , f o r approva l to a c q u i r e 100 pe rcen t of t h e v o t i n g s h a r e s of Bank of C e n t r a l F l o r i d a (Orange County, Or l ando) Or l ando , F l o r i d a . 2 j

Geneva B a n c s h a r e s , I n c . , Geneva, Alabama, for app rova l to a c -q u i r e a t l e a s t 80 .14 p e r c e n t of the v o t i n g s h a r e s of The American Bank, Geneva, Alabama. 2/

Metro S h a r e s , I n c . , M e t a i r i e , L o u i s i a n a , f o r approval t o ac -q u i r e a t l e a s t 80 pe rcen t of t h e v o t i n g s h a r e s of F i r s t M e t r o p o l i t a n Bank, ( J e f f e r s o n P a r i s h M e t a i r i e ) M e t a i r i e , L o u i s i a n a . 2/

Orange County Banking C o r p . , Ocoee, F l o r i d a , f o r approva l t o a c q u i r e a t l e a s t 80 percen t of t h e v o t i n g s h a r e s of Bank of West Orange, Ocoee, F l o r i d a . 7 j

KenBancorp, Kent l a n d , I n d i a n a , fo r approva l to a c q u i r e 100 pe rcen t of the v o t i n g s h a r e s ( 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 s u c c e s s o r by merger t o Kent land Bank, Kent-l a n d , I n d i a n a . 2/

I l l i n o i s C e n t e r B a n c o r p o r a t i o n , I n c . , Glen E l l y n , I l l i n o i s , f o r app rova l to a c q u i r e 100 pe rcen t 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 1 q u a l i f y i n g s h a r e s ) of the s u c c e s s o r by merger to t h e F i r s t S e c u r i t y Bank of Glen E l l y n , Glen E l l y n , I l l i n o i s . 2/

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


H.2, 1981 No. 33 19


S t . Louis

Minneapol is

Kansas Ci ty

Kansas Ci ty

Kansas Ci ty

Kansas Ci ty

Kansas Ci ty

Dal las

Dal l a s

C i t i z e n s Bancshares Corpo ra t i on , Bedford, I n d i a n a , f o r approval to acqu i r e a t l e a s t 60 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 Nat iona l Bank of Bedford , Bedford , I n d i a n a . If

Pine C i t y Bancorpora t ion , I n c . , Pine C i t y , Minnesota , for ap-proval to acqu i r e 96.2 percent of the vo t i ng sha re s of Pine C i t y S t a t e Bank, Pine C i t y , Minnesota . If

Denver West Bankshares , I n c . , Golden, Colorado, 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 Denver West Bank and T r u s t , J e f f e r s o n County (P.O. Golden) Colorado. 7 j

F i r s t Equ i ty Bancshares , I n c . , S t . Joseph, M i s s o u r i , for ap-proval t o a cqu i r e at l e a s t 80 percent of the v o t i n g shares of F i r s t Bank of S t e w a r t s v i l l e , S t e w a r t s v i l l e , M i s s o u r i . 2/

Southwest Bancorp, I n c . , S t i l l w a t e r , Oklahoma, 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 S t i l l w a t e r Na t iona l Bank and Trus t Company, S t i l l w a t e r , Oklahoma. 2 j

S.T.D. Inves tments , Mindenmines, Mi s sou r i , for approval to a c q u i r e a t l e a s t 80 percent of the vo t ing s h a r e s of Bank of Minden, Mindenmines, M i s s o u r i . 2/

United Bancorpora t ion of Wyoming, I n c . , Jackson , Wyoming, f o r approva l to acqu i r e a t l e a s t 80 percent of t h e v o t i n g shares of The Jackson S t a t e Bank, Jackson , Wyoming. 2f

F i r s t U n i v e r s i t y C o r p o r a t i o n , Houston, Texas , for approval t o a c q u i r e 100 percen t of the vo t ing sha re s of F i r s t National Bank of West Un ive r s i t y P l ace , West U n i v e r s i t y P l a c e , (P.O. Houston) Texas. 2J

Montgomery County Bancshares , I n c . , Sp r ing , Texas , f o r approval to a c q u i r e a t l e a s t 80 percent of t he v o t i n g s h a r e s of Montgomery County Bank, Nat iona l A s s o c i a t i o n , Sp r ing , Texas. 2/

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


H.2 , 1981 No. 33 - 20 -


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

D a l l a s Bank S e c u r i t i e s , I n c . , Albuquerque , New Mexico, f o r approval to a c q u i r e 100 pe rcen t of t h e v o t i n g s h a r e s of Mimbres Val ley Bank, Deming, New Mexico. 2/

* * * * *

To Expand a Bank Holding Company Pursuan t to S e c t i o n 3 ( a ) ( 5 ) of t h e Bank Holding Company Act of 1956

S t . Louis County N a t i o n a l B a n c o r p o r a t i o n , C lay ton , M i s s o u r i , f o r approval t o merge wi th T.G. B a n c s h a r e s , S t . L o u i s , M i s s o u r i . 2/

D a l l a s M e r c a n t i l e Texas C o r p o r a t i o n , D a l l a s , Texas , f o r approval to Merge with PanNat iona l Group, I n c . , El Paso , Texas , and i n -d i r e c t l y a c q u i r e The S t a t e Na t iona l Bank of El Paso , El Paso , Texas ; The F i r s t N a t i o n a l Bank of Waco, Waco, Texas; B a s s e t t N a t i o n a l Bank of El Paso , El P a s o , Texas ; F r a n k l i n N a t i o n a l Bank, El Paso , Texas and V i s t a H i l l s Bank of El Paso , E l Paso , T e x a s . 2/

* * * * *

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

Boston 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 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 o r i g i n a t i o n , s a l e , and s e r v i c i n g of commercial mortgage l oans ) a t 1815 South S t a t e S t r e e t , Orem, Utah, t h e s e r v i c e a r e a w i l l be the S t a t e s of Co lo rado , Idaho , Montana, Utah and Wyoming, through i t s i n d i r e c t s u b s i d i a r y , Mortgage A s s o c i a t e s , I n c . ( 8 / 1 0 / 8 1 )

Boston 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 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 o r i g i n a t i o n , s a l e , and s e r v i c i n g of r e s i d e n t i a l mortgage loans ) a t 5286 South 320 West, Murray, U tah , t he s e r v i c e a r e a w i l l be expanded t o i n c l u d e the S t a t e of Wyoming, th rough i t s i n d i r e c t s u b s i d i a r y , Mortgage A s s o c i a t e s , I n c . ( 8 / 1 0 / 8 1 )

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


H. 2, 1981 No.33 - 2 1


New York

New York

New York

New York

New York

Barclays Bank Limi ted , London, England and Barclays Bank I n t e r -Na t iona l L imi t ed , London, England, r eques t permission to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e (making bus iness loans to small b u s i n e s s e s or i n d i v i d u a l s borrowing for bus ines s purposes , p r i m a r i l y secured by f i r s t and second mortgages on r e a l e s t a t e ) a t 6525 Morrison Boulevard, C h a r l o t t e , North C a r o l i n a , through t h e i r s u b s i d i a r y , Barclays American/ Cred i t Inc . (8 /13 /81)

C i t i c o r p , New York, New York, f o r approval t o a c q u i r e , 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 , I n c . , c e r t a i n a s s e t s and s e r v i c i n g r i g h t s and to assume c e r t a i n l i a b i l i t i e s of M e r c a n t i l e Mortgage Company, S t . Louis , M i s s o u r i , and to en -gage in c e r t a i n nonbanking a c t i v i t i e s from o f f i c e s to be l oca t ed in Corpus C h r i s t i , Houston, and San Antonio , Texas, and S t . Lou i s , M i s s o u r i .

C i t i c o r p , New York, New York, r e q u e s t s permiss ion to expand t h e a c t i v i t i e s of 170 e x i s t i n g o f f i c e s to inc lude the fo l lowing a c t i v i t y ( s e r v i c i n g , for any person , of loans and other ex t en -s ions of c r e d i t , without regard t o whether the r e c e i v a b l e s be ing s e rv i ced a re owned by C i t i c o r p A f f i l i a t e s or by non-a f f i l i a t e d e n t i t i e s ) l oca t ed in the fo l lowing S t a t e s : Alabama, Ar izona , C a l i f o r n i a , Colorado, Connec t i cu t , F l o r i d a , Georgia , Idaho, I l l i n o i s , I n d i a n a , Kansas, L o u i s i a n a , M i s s i s s i p p i , M i s s o u r i , Nebraska, Nevada, New Mexico, North C a r o l i n a , Ohio, Oklahoma, Oregon, South C a r o l i n a , Texas, Utah, V i r g i n i a , Washington and Wyoming, 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 , I n c . (8 /14 /81)

Manufac ture rs Hanover C o r p o r a t i o n , New York, New York, to engage in the a c t i v i t y of ( r e i n s u r i n g c r e d i t l i f e and c r e d i t acc iden t and h e a l t h i n su rance which i s d i r e c t l y r e l a t e d to ex tens ions of c r e d i t by a p p l i c a n t ' s bank s u b s i d i a r i e s in the S t a t e of New York) a t 3103 Pilmont Avenue, Huntingdon Val ley , Pennsylvania , through i t s s u b s i d i a r y , R i t t e r L i f e Insurance Company and a t 1421 East Thomas S t r e e t , Phoenix, Ar izona , through i t s sub-s i d i a r y , Tempco L i f e Insurance Company (8 /14 /81)

Manufac tu re r s Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s pe rmiss ion to r e l o c a t e an e x i s t i n g o f f i c e and expand the s e r v i c e a r ea of the r e l o c a t e d o f f i c e , engaging in the fo l low-ing a c t i v i t i e s (consumer f i n a n c e , s a l e s f inance and r e l a t e d i n s u r a n c e ) from S u i t e 108, Southgate F i n a n c i a l Cen te r , 7600 S t a t e L ine , P r a i r i e V i l l a g e , Kansas to 6540 W. 95th S t r e e t ,


# H.2, 1981 No. 33 - 2 2

APPLICATIONS RECEIVED-Cont inued

A t l a n t a

A t l a n t a

Chicago

Chicago

Kansas Ci ty


Overland Park , Kansas; the new o f f i c e w i l l serve customers in Sou theas te rn Atch i son , J e f f e r s o n , Leavenworth, Eas te rn Shawnee, N o r t h e a s t e r n Osage, Douglas, F r a n k l i n , N o r t h e a s t e r n Anderson, Johnson, Miami, Wyandotte and North Linn Count ies , through i t s s u b s i d i a r y , Termplan Incorpora ted of Kansas. (8 /13 /81)

J e f f e r s o n Bancshares , I n c . , M e t a i r i e , L o u i s i a n 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 ( i n making l eases of personal p roper ty and ac t i ng as agent , b r o k e r , or adv i se r in l e a s i n g such proper ty) a t 3525 N. Causeway Boulevard, M e t a i r i e , L o u i s i a n a , s e r v i c i n g J e f f e r s o n - P a r i s h , L o u i s i a n a , through i t s s u b s i d i a r y , J e f f e r s o n Leas ing , Inc . (8 /7 /81)

Southwest F l o r i d a Banks, I n c . , Fort Myers, F l o r i d 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 ( p r o v i d i n g , as agent , in connect ion wi th ex tens ions of c r e d i t by a p p l i c a n t s subs id i a ry banks , insurance a s s u r i n g repayment of such an ex tens ion of c r e d i t in the event of dea th or d i s a b i l i t y of the borrower) a t Bank of Riverview, 10101 Bloomingdale Avenue, Riverview, F l o r i d a , s e rv ing Hi l l sborough County, F l o r i d a , through a sub-s i d i a r y , Southwest F i n a n c i a l S e r v i c e s , Inc . ( 8 /7 /81 )

Merchants Nat ional Corpora t ion , I n d i a n a p o l i s , I n d i a n a , n o t i f i -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 ( o p e r a t i n g a loan produc t ion o f f i c e in Fort Wayne, I n d i a n a , i nc lud ing acceptance of mortgage loan a p p l i c a t i o n s and c l o s i n g of loans) a t 2200 Lake Avenue, S u i t e 120, Fort Wayne, I n d i a n a , s e rv ing Allen and cont iguous coun t i e s of Grant , Steuben, Whit ley, Noble, DeKalb, Hunt ing ton , Wells and Adams, a l l w i t h i n a 50 mile r a d i u s of such o f f i c e , through i t s s u b s i d i a r y , Merchants Mortgage Corpora t ion (7 /30 /81)

S e c u r i t y Bancorp, Inc . , Southgate , Michigan, for approval t o acqu i r e 100 percent of Cen t ra l Computer Corpora t ion , Gaylord, Michigan, through SecureData C o r p . , Troy, Michigan.

Commerce Group, I n c . , L i n c o l n , Nebraska, f o r approval to acqu i re Commerce Savings Columbus, I n c . , Columbus, Nebraska, and t h e r e -by engage in i n d u s t r i a l banking a c t i v i t i e s and to expand i t s c r e d i t r e l a t e d insurance a c t i v i t i e s to an o f f i c e of i t s pro-posed s u b s i d i a r y Commerce Savings Columbus, I n c .

BankAmerica 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 , for approval to expand the a c t i v i t i e s of i t s s u b s i d i a r y BA Cheque Corpora-t i o n , San F r a n c i s c o , C a l i f o r n i a .


#

H.2, 1981 No. 33 - 2 3 -

APPLICATIONS RECEIVED-Cont.inued

Nevada National Bancorporat ion, Reno, Nevada, 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 he f inanc ing of personal p roper ty and equipment and leas ing of such property or the a c t i n g as an agent , broker or advisor in the l eas ing and/or f inanc ing of such property where at the incept ion of the i n i t i a l lease the e f f e c t of the t r a n s a c t i o n (and, with respect to governmental e n t i t i e s only, reasonable an t i c ipa t ed f u t u r e t r a n s a c t i o n s ) w i l l y ie ld a r e t u r n t h a t w i l l compensate the l e s s o r fo r not l e s s than the l e s s o r ' s f u l l investment in the proper ty over the term of the l e a s e , and the s e rv i c ing of such f i nanc ings and/or loans as i s author ized under Reg-u l a t i o n Y; making or acqu i r ing for i t s own company or the account of o t h e r s , loans and other extensions of c r e d i t in the normal course of i t s leas ing business inc lud ing the mak-ing of b u s i n e s s ins ta l lmen t loans , t he purchase of bus iness i n s t a l lmen t s a l e s f inance c o n t r a c t s and making loans to bus inesses of v a r i o u s s i ze s ) at Henderson Bank Bui ld ing , 401 Railroad S t r e e t , Elko, Nevada, t h i s o f f i c e w i l l provide f i n a n c i a l s e r v i c e s from Elko south to Tonopah, Nevada; and nor th t o J a c k p o t , Nevada. I t w i l l a l so provide f i n a n c i a l s e rv ices west to Wendover, Nevada and eas t to Fa l l on , Nevada, through i t s s u b s i d i a r y , Nevada Nat ional Leasing Company, Inc . (8 /10/81)

* * * * *

Current Report F i l e d Pursuant to Sect ion 13 of the S e c u r i t i e s Exchange Act

The Chardon Savings Bank, Chardon, Ohio

* * * * *

PETITIONS FOR RULEMAKING

None.

San Franc i sco


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