h2_19801115.pdf

APPLICABLE RESERVE BANK

D a l l a s

New York

Chicago

Chicago

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2 , 1980 No. 46)

A c t i o n s of the Board; A p p l i c a t i o n s and Reports

Received During the Wedc Ending November 15, 1980

ACTIONS OF THE BOARD

Increase in the bas ic discount ra te from 11 percent to 12 percent and adopt ion of a surcharge of 2 percentage p o i n t s on frequent use of t h e d i scount window by large borrowers; e f f e c t i v e Monday, November 17, 1980.

Adoption of r u l e s r e v i s i n g p r o v i s i o n s of Regulat ion K grant -ing the Board's genera l consent for member banks, Edge and Agreement Corporat ions and bank holding companies to make c e r t a i n a d d i t i o n a l inves tments in o r g a n i z a t i o n s in which they a lready have an i n t e r e s t . (Docket No. R-0290)

American Independent Bancshares , I n c . , A l t a Loma, Texas , e x -t e n s i o n of t ime to December 13, 1980, w i t h i n idiich to con-summate the a c q u i s i t i o n of Bank of Santa Fe, Alt a Loma, Texas . JL/

Carteret Bancorp, I n c . , C a r t e r e t , New J e r s e y , e x t e n s i o n of t ime to February 3 , 1981, w i t h i n which to consummate the a c q u i s i t i o n of C a r t e r e t Bank and Trust Company, C a r t e r e t , New J e r s e y . J7

Cary/Grove Bancorp, I n c . , Cary, I l l i n o i s , e x t e n s i o n of time to February 11 , 1981, w i t h i n which to become a bank ho ld -ing company through the a c q u i s i t i o n of 80 percent or more of t h e v o t i n g shares of Suburban Bank o f Cary-Grove, Cary, I l l i n o i s . J L /

ELK GROVE BANCORP, INC., Elk Grove V i l l a g e , I l l i n o i s , e x t e n -s ion of t ime to February 11, 1981, w i t h i n vfaich to become a bank ho ld ing company through the a c q u i s i t i o n of 80 per-cent or more of t h e v o t i n g shares of Suburuban Nat iona l Bank o f Elk Grove V i l l a g e , Elk Grove V i l l a g e , I l l i n o i s . J1/

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

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

H . 2 , 1980 No. 46 - 2 -

ACTIONS OF THE BOARD-Continued

Chicago F i r s t Decatur Bancshares , I n c . , Decatur , I l l i n o i s , e x t e n s i o n of time to January 3, 1981, w i t h i n which to become a bank ho ld ing company through the a c q u i s i t i o n of 100 percent of the v o t i n g shares of the successor by merger to The F i r s t Nat ional Bank of Decatur, Decatur , I l l i n o i s .

Kansas Ci ty Mountain Banks, L t d . , Denver, Colorado, ex t ens ion of time t o March 27, 1981, w i th in which to consummate the a c q u i s i t i o n of Chapel H i l l s Nat iona l Bank, Colorado Spr ings , Colorado. 1/

Chicago Nat ional Bancorporat ion, I n c . , Traverse C i t y , Michigan, e x -t e n s i o n of time to March 3, 1981, w i t h i n v*tich to become a bank holding company through the a c q u i s i t i o n of 100 percent of t h e v o t i n g shares of the successor by merger to National Bank and Trust Company, Traverse C i t y , Michigan. J7

A t l a n t a Southern Bank Holding Company, Savannah, Georgia , e x t e n s i o n of time to February 15, 1981, w i t h i n vhich to become a bank hold ing company through a c q u i s i t i o n of Southern Bank and Trust Company, Savannah, Georgia. 1/

Chicago SUBPAL BANCORP, INC., P a l e s t i n e , I l l i n o i s , e x t e n s i o n of time to February 11, 1981, w i t h i n which to become a bank ho ld-ing company through the a c q u i s i t i o n of 51 percent or more of the v o t i n g shares of Suburban Nat ional Bank of P a l e s t i n e , P a l e s t i n e , I l l i n o i s . J ]

Chicago WOODFIELD BANCORP, INC., Schaumburg, I l l i n o i s , e x t e n s i o n of time to February 11, 1981, w i t h i n which to become a bank holding company through a c q u i s i t i o n of 80 percent or more of the v o t i n g shares of Suburban National Bank o f Woodf ie ld , Sch aumburg, I l l i n o i s . If

Chicago Y o r k v i l l e Bancshares , I n c . , Y o r k v i l l e , I l l i n o i s , e x t e n s i o n of time to January 19, 1981, w i t h i n which to become a bank ho ld ing company through the a c q u i s i t i o n of 81 .9 percent or more of t h e v o t i n g shares of The Y o r k v i l l e Nat ional Bank, Y o r k v i l l e , I l l i n o i s . JL/

Chicago Wayne Bank and Trust Co. , Cambridge C i t y , Indiana , e x t e n s i o n of time to December 6, 1981, wi th in which to e s t a b l i s h a branch a t 1100 Chester Boulevard, Spring Grove, Wayne County, Ind iana . 1/

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


H. 2 , 1980 No. 46 - 3 -

ACTIONS OF THE BOARD-Cont inued

Val l ey Bank of Nevada, Las Vegas, Nevada, (1) e x t e n s i o n of time to June 4 , 1981, w i t h i n vrtiich to e s t a b l i s h a branch o f f i c e at the i n t e r s e c t i o n of Green Va l l ey Parkway and Sunset Road, Henerson, Nevada; and (2) ex tens ion of t ime to June 15, 1981, 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 900 f ee t north of Las Vegas Drive on t h e west s i d e of Decatur Boulevard, Las Vegas, Nevada. JL/

American Nat ional Bank and Trust Company of New J e r s e y , Morristown, New J e r s e y , proposal to merge C i t i z e n s ' Bank, Nat ional A s s o c i a t i o n , Bloomsbury, New J e r s e y ; report to the Comptrol ler of the Currency on compet i t i ve f a c t o r s . 1/

Bay Spr ings Bank, Bay Spr ings , M i s s i s s i p p i , proposal to merge F i r s t C i t i z e n s Bank and Trust Company, P o p l a r v i l l e , M i s s i s s i p p i ; report to t h e Federal Deposi t Insurance Corporation on compet i t i ve f a c t o r s . \J

Commerce Nat ional Bank o f Warner Robins, Warner Robins, Georgia , proposal to merge Commerce National Inter im Bank of Warner Robins, Warner Robins, Georgia; report t o the Comptrol ler of the Currency on compet i t i ve f a c t o r s . \J

Gulfway Commerce Bank, N.A. , Corpus C h r i s t i , Texas, proposal to merge Gulfway Nat ional Bank o f Corpus C h r i s t i , Texas; report to the Comptroller of t h e Currency on c o m p e t i t i v e f a c t o r s . JL/

Mercant i l e Commerce Bank, N.A, Corpus C h r i s t i , Texas , pro-posal to merge The Mercant i l e Nat ional Bank o f Corpus C h r i s t i , Texas; report to the Comptroller of the Currency on c o m p e t i t i v e f a c t o r s . JL/

Chicago Moline Nat ional Bank, Moline, I l l i n o i s , proposal to merge Republic Nat iona l Bank o f Moline, Mol ine , I l l i n o i s , under the charter and t i t l e of Moline National Bank, Moline, I l l i n o i s ; report to the Comptroller of the Currency on compet i t i ve f a c t o r s . JL/

D a l l a s New Texoma Nat iona l Bank of Sherman, Sherman, Texas , proposal to merge w i t h Texoma Nat ional Bank o f Sherman, Sherman, Texas; report to the Comptroller of t h e Currency on compet-i t i v e f a c t o r s . JL/

San Franc i sco

New York

At lanta

At lant a

Dal las

D a l l a s

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


H.2, 1980 No. 46 - 4 -


To Merge Pursuant to S e c t i o n 18(c) of the Federal Depos i t Insurance Act

Approved Richmond F i r s t V i r g i n i a Bank-South Centra l , Brookneal , V i r g i n i a ,

to merge w i t h The Farmers and Merchants Bank, I n c . of Amherst, Amherst, V i r g i 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 Act ions Pursuant to Sec t ions 25 and 25 (a ) of the Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, as- amended

Approved Boston New England Merchants Bank I n t e r n a t i o n a l , Boston, Massachusetts

grant s permiss ion to amend A r t i c l e s , Third , Fourth, and S ix th of i t s A r t i c l e s of A s s o c i a t i o n to permit a change of home o f f i c e l o c a t i o n from Boston, Massachusetts to Miami, F lor ida and to r e f l e c t that NEMBI's regular annual meeting s h a l l be he ld at such s i t e as the d i r e c t o r s deem conven ient .

Bank of C a l i f o r n i a I n t e r n a t i o n a l , New York, New York: grants permiss ion to amend A r t i c l e s "Third" and "Ninth" of the A r t i c l e s of A s s o c i a t i o n to change the l o c a t i o n of Edge's home o f f i c e from New York, New York to San F r a n c i s c o , C a l i -f o r n i a ; to r e t a i n the o f f i c e in New York, New York as a branch l o c a t i o n ; and to e l i m i a t e the p r o v i s i o n that a l l d i r e c t o r s of Edge be c i t i z e n s of the United S t a t e s .

San Franci sco

* * * * *

To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant t o S e c t i o n 25 of the Federal Reserve Act

Approved New York Morgan Guaranty I n t e r n a t i o n a l Bank, Miami, F l o r i d a : grants

permiss ion to e s t a b l i s h a branch in Nassau, Bahamas.

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

2 / A p p l i c a t i o n subjec t to Community Reinvestment Act . The Community ~~ Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be contac ted

-c t-o t-h*> l eng th of the comment per iod .


H.2 , 1980 No. 46 - 5 -


To Organize , or I n v e s t i n , a Corporation Doing Fore ign Banking and Other Fore ign Financing Pursuant to S e c t i o n 25 or 25(a) of the Federal Reserve Act

Approved Chicago The F i r s t Nat iona l Bank of Chicago, Chicago, I l l i n o i s : grants

consent to e s t a b l i s h a new Edge Corporation to be known as F i r s t Chicago I n t e r n a t i o n a l , Chicago, I l l i n o i s and to e s t a b l i s h and operate branches in Boston, Massachusetts ; Houston, Texas; Los A n g e l e s , C a l i f o r n i a ; New York, New York; San F r a n c i s c o , C a l i f o r n i a ; and Miami, F l o r i d a .

* * * * *

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

Approved Boston S e c u r i t y Bancorp, I n c . , Boston, Massachuse t t s , for approval

to acquire 100 percent of the v o t i n g shares of Secur i ty Nat iona l Bank, Lynn, Massachuse t t s . 2 /

Cleveland Pennbancorp, T i t s u v i l l e , Pennsy lvan ia , f o r approval to acquire 100 percent of t h e v o t i n g shares of The Pennsylvania Bank and Trust Company, Warren, Pennsy lvania and i n d i r e c t l y acquire 5 . 0 1 percent of the v o t i n g shares o f Bucks County Bank and Trust Company, P e r k a s i e ; 6 . 9 percent of the v o t i n g shares of E as ton Nat iona l Bank and Trust Company, Eas ton; 10 .0 percent of the v o t i n g shares of The M o r r i s v i l l e Bank, M o r r i s v i l l e ; 7 . 8 percent of the v o t i n g shares of Southeast Nat ional Bank, Chester; 8 . 2 percent of the v o t i n g shares of Third Nat iona l Bank and Trust Company, Scranton; and 6 . 0 percent of the v o t i n g shares of Wil l iamsport National Bank, Wil l i amsport, a l l i n Pennsy lvania . 2 /

A t l a n t a Altamaha Bancshares , I n c . , Uvalda, Georgia , f o r approval to acquire a t l e a s t 80 percent of t h e v o t i n g shares of Alt amaha Bank and Trust Company, Uvalda, Georgia . 1/ & 2/

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

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


H.2, 1980 No. 46 6 -

ACTIONS OF THE BOARD-Cont inued

A t l a n t a American Bank Capi ta l Corporat ion, S t u a r t , F l o r i d a , f o r ap-proval to acquire 80 percent or more of the v o t i n g shares of American Bank of Martin County, S t u a r t , F l o r i d a . _1/ & 2]

At lanta FIRST STATE FINANCIAL CORPORATION, Gulport , M i s s i s s i p p i , for approval to acquire at l e a s t 80 percent of the v o t i n g shares o f F i r s t S t a t e Bank, Gulf port , M i s s i s s i p p i . _1/ & 2/

A t l a n t a Hardwick Holding Company, D a l t o n , Georgia , f o r approval to acquire 100 percent of t h e v o t i n g shares of Hardwick Bank & Trust Company, Da l ton , Georgia . V & 2/

At lanta M.B. Group, I n c . , Marathon, F l o r i d a , for approval to acquire at l e a s t 82 percent of the v o t i n g shares of The Marathon Bank, Marathon, F l o r i d a . 1/ & 2 /

A t l a n t a P & C Bank Shares , I n c . , Camil la , Georgia , f o r approval to acquire 5 3 . 7 3 percent of t h e v o t i n g shares of P l a n t e r s & C i t i z e n s Bank, Camil la , Georg ia . 1/ & 2/

At lanta

Chicago

Chicago

Chicago

Chicago

Chicago

Southwest Georgia F i n a n c i a l Corporat ion, M o u l t r i e , Georgia, for approval to acquire 100 percent of the v o t i n g shares o f Moul tr ie Nat iona l Bank, M o u l t r i e , Georgia. _!/ & 2J

Ankeny Investment Co . , Webster Ci ty , Iowa, f o r approval to acquire a t l e a s t 80 percent of t h e v o t i n g shres of Ankeny S t a t e Bank, Ankeny, Iowa. \J & 2J

Garret t Bancshares LTD., B l o o m f i e l d , Iowa, for approval t o acquire at l e a s t 80 percent of the v o t i n g shares of Davis County Sav ings Bank, B l o o m f i e l d , Iowa. 1/ & 2 /

KENNEDY BANCSHARES, INC., Bancro f t , Iowa, f o r approval to acquire 88 percent of the v o t i n g shares o f Farmers and Merchants Savings Bank, Bancro f t , Iowa. \ j & 2/

Moore F i n a n c i a l Corporat ion, Berwyn, I l l i n o i s , for approval to acquire 85 .12 percent of the v o t i n g shares of Commercial Nat ional Bank o f Berwyn, Berwyn, I l l i n o i s . JL/ & If

S & H HOLDINGS, INC., I r o q u o i s , I l l i n o i s , f o r approval to acquire at l e a s t 94 .5 percent of t h e v o t i n g shares of I roquo i s Farmers S t a t e Bank, I r o q u o i s , I l l i n o i s . 1 / & 2/

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

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

1


H.2, 1980 No. 46 - 7 -

ACTIONS OF THE BOARD~Cont inued

S t . Louis Owenton Bancorp, I n c . , Owenton, Kentucky, f o r approval to acquire 80 percent of t h e v o t i n g shares of Peop le s Bank & Trust Company, Owenton, Kentucky. JL/ & 2/

Minneapol is Freeport Bancshares , I n c . , Freeport , Minnesota, for ap-proval to acquire at l e a s t 8 0 . 5 percent of the v o t i n g shares o f Freeport S t a t e Bank, Freeport , Minnesota. _1/ & 2/

Minneapol i s Norwood Bancshares, I n c . , Norwood, Minnesota, f o r approval to acquire a t l e a s t 8 8 . 9 percent of the v o t i n g shares of C i t i z e n s S t a t e Bank o f Norwood, Norwood, Minnesota. 1/ & 2/

Kansas Ci ty Bridgeport S t a t e Company, Br idgeport , Nebraska, f o r approval to acquire 100 percent of t h e v o t i n g shares of The Br idge -port S t a t e Bank, Bridgeport , Nebraska. JL/ & _2/

Kansas Ci ty Central Nebraska Bankshares, I n c . , Broken Bow, Nebraska, f o r approval to acquire 98 percent of the v o t i n g shares of S e c u r i t y S t a t e Bank, Broken Bow, Nebraska. 1/ & 2 /

Kansas Ci ty Columbus Corp. , Columbus, Kansas, f o r approval to acquire 82 .5 percent of t h e v o t i n g shares of The F i r s t Nat iona l Bank o f Columbus, Columbus, Kansas. JL/ & 7j

Kansas City Farmers Bancshares , I n c . , L i n c o l n , Kansas, for approval t o acquire 8 5 . 2 percent of the v o t i n g shares of The Farmers Nat ional Bank of L i n c o l n , L i n c o l n , Kansas. J / & 2/

Kansas Ci ty F i r s t Chattanooga Corporat ion, Chattanooga, Oklahoma, f o r approval to acquire 8 1 . 3 percent of t h e v o t i n g shares of The F i r s t Bank o f Chattanooga, Chattanooga, Oklahoma. JL/ & 2 /

Kansas Ci ty F i r s t S ta te Bancorporat ion of Watonga, I n c . , Watonga, Oklahoma, for approval to acquire at l e a t 80 percent of the v o t i n g shares of F i r s t S t a t e Bank, Watonga, Oklahoma. 1/ & 2 /

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

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


H.2, 1980 No. 46 - 8 -


Kansas Ci ty F i r s t Western Bancorporat ion, La Jara , Colorado, f o r ap-proval to acquire a t l e a s t 80 percent of t h e v o t i n g shares of The F i r s t National Bank of La Jara , La Jara , Colorado. J L / & 2/

Kansas City Jones Nat iona l Corporat ion, Seward, Nebraska, f o r approval to acqu ire 93 percent of the v o t i n g shares of The Jones Nat ional Bank and Trust Company o f Seward, Seward, Nebraska. JL/ & 2/

D a l l a s Everman Bank Shares , I n c . , Fort Worth, Texas , f o r approval to acquire 8 0 - 9 9 . 9 percent of t h e v o t i n g shares of Eve rman Nat ional Bank of Fort Worth, Fort Worth, Texas . 1/ & 2/

* * * * *

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

Approved D a l l a s El Paso Nat iona l Corporat ion , El Paso , Texas , for approval

to acquire 100 percent of the v o t i n g shares of East El Paso Nat iona l Bank, El Paso , Texas , a proposed new bank. 1 / & 2 /

Correc t ion: D a l l a s The a p p l i c a t i o n f o r Peoples Bancorporat ion of Caddo, I n c . ,

Blanchard, L o u i s i a n a , for approval to acquire 80-100 per-cent of the v o t i n g shares of Republic Bank, Blanchard, Louis iana ( former ly Peop les Bank and Trust Co.) which appeared on H.2 No. 45 , 1980 was i n c o r r e c t . The correc t name of the ho ld ing company should be Peop les Bancshares of Caddo, I n c . , Blanchard, L o u i s i a n a . JL/ & 2/

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

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


H.2, 1980 No. 46 - 9 -

ACTIONS OF THE BOARD-Con t in tied

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

Approved New York B a r c l a y s Bank Limited and B a r c l a y s Bank I n t e r n a t i o n a l

Limited , both of London, England, f o r approval to acquire 100 percent of t h e v o t i n g shares of Aetna Bus iness C r e d i t , I n c . , Eas t Hart ford , Connect icut , through i t s s u b s i d i a r y , B a r c l a y s American Corporat ion, C h a r l o t t e , North Caro l ina .

Chicago Baxter Insurance Agency, I n c . , Baxter , Iowa, f o r approval to cont inue to engage in insurance a c t i v i t i e s in a commu-n i t y of l e s s than 5 , 0 0 0 p o p u l a t i o n . \J

Chicago Indiana Nat iona l Corporat ion , I n d i a n a p o l i s , Indiana , for approval to r e t a i n a l l the shares of Indun Rea l ty , I n c . , I n d i a n a p o l i s , Indiana.

Chicago LeRoy C. Darby, I n c . , Monona, Iowa, f o r approval to con-t i n u e to engage in a c t i v i t i e s p r e v i o u s l y commenced de novo ( t o make loans which may or may not inc lude i n s i d e r t r a n s a c t i o n s i . e . farm and c i t y r e a l e s t a t e l o a n s , commercial and i n d u s t r i a l l oans , s i n g l e payment and i n s t a l l m e n t loans to i n d i v i d u a l s for house hold fami ly and other personal expenses inc lud ing purchased paper) .

Minneapol is Cutler Corporat ion , Newport, Minnesota, for approval t o cont inue to conduct genera l insurance agency a c t i v i t i e s i n Green I s l e , Minnesota , a community o f l e s s than 5 ,000 p o p u l a t i o n . JL/

Delayed 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 , not i f i c a -F r a n c i s c o 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 ( to engage

in a c t i n g as agent for c r e d i t property and c a s u a l t y i n -surance and a s s o c i a t e d l i a b i l i t y insurance re la ted to WFCC's e x t e n s i o n s of c r e d i t to the extent p e r m i s s i b l e under a p p l i c a b l e S t a t e insurance laws or r e g u l a t i o n s ) t h e s e a c t i v i t i e s would be from o f f i c e s in Tulsa and Oklahoma C i t y , Oklahoma, through i t s s u b s i d i a r y , Wells Fargo Credi t Corporat ion ( 1 1 / 1 2 / 8 0 ) 3 /

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

3J 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under de l ega ted a u t h o r i t y .

I


H.2, 1980 No. 46 - 10 -


Wells 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 of i n t e n t to engage in de novo a c t i v i t i e s i n Oklahoma ( a c t i n g as agent for c r e d i t property , c a s u a l t y and homeowners insurance 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 -ance 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 or the p r o v i s i o n of other f i n a n c i a l s e r v i c e s ) in S c o t t s d a l e , Arizona, through i t s s u b s i d i a r y , Wells Fargo Insurance Serv i ce s ( 1 1 / 1 2 / 8 0 ) 3/

React iva ted 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 t o

engage in de novo a c t i v i t i e s ( the s a l e of c r e d i t l i f e and c r e d i t acc ident and hea l th insurance in connec t ion w i th i t s c r e d i t card a c t i v i t i e s ) these a c t i v i t i e s would be conducted from C i t i c o r p F i n a n c i a l , I n c . ' s approved o f f i c e loca ted at 7720 York Road, Towson, Maryland; i t i s a l s o proposed that an a d d i t i o n a l l i m i t e d purpose o f f i c e at Harundale M a l l , R i t c h i e Highway and Aquahart Road, Glen Burnie, Maryland w i l l provide customer s e r -v i c e , account adjustment and a p p l i c a t i o n acceptance f u n c t i o n s in c o n n e c t i o n with t h e s e proposed new a c t i v i t i e s and a l s o in connect ion w i t h the present a c t i v i t i e s of C i t i c o r p F i n a n c i a l , I n c . r e l a t i n g to the purchase and s e r v i c i n g , f o r i t s own account or the account of o thers of c r e d i t card accounts r e c e i v a b l e ) ( 1 1 / 1 4 / 8 0 ) 3/

Permitted New York B a r c l a y s Bank Limited and B a r c l a y s Bank I n t e r n a t i o n a l

L imi ted , both of London, England, 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 ) making d i r e c t con-sumer loans and purchasing of s a l e s f inance c o n t r a c t s r e p r e s e n t i n g e x t e n s i o n s of c r e d i t such as would be made or acquired by a consumer f inance company and who le sa l e f i n a n c i n g ( f l o o r p lann ing) ; 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 ident and h e a l t h and c r e d i t property insurance) from 302 Evans S t r e e t , G r e e n v i l l e , North Caro l ina to 703 East G r e e n v i l l e Boulevard, G r e e n v i l l e , North Carol ina and from 203 East Nash S t r e e t , Wilson, North Caro l ina to 701 West Ward Boulevard, N . E . , Wilson, 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 , Barc laysAmer ican /F inanc ia l , I n c . ( 1 1 / 1 4 / 8 0 ) 3 /

San Franc i sco

37 4 ( c ) ( 8 ) or 4 ( c ) (12) n o t i f i c a t i o n processed by Reserve Bank on behal 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 .


H 1 9 8 0 No. 46 - 1 1 -


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 ( the s a l e o f c r e d i t l i f e and c r e d i t acc ident and h e a l t h insurance in connect ion with i t s c r e d i t card a c t i v i t i e s ) t h e s e a c t i v i t i e s would be conducted from C i t i c o r p F i n a n c i a l , I n c . ' s approved o f f i c e l o c a t e d a t 7720 York Road, Towson, Maryland and to e s t a b l i s h an a d d i t i o n a l l imi ted purpose o f f i c e at Harundale M a l l , R i t c h i e Highway and Aquahart Road, Glen Burnie , Maryland which w i l l provide customer s e r v i c e , account adjustment and a p p l i c a t i o n acceptance f u n c t i o n s in connec t ion w i t h these proposed new a c t i v i t i e s , and a l s o in c o n n e c t i o n with the present a c t i v i t i e s of C i t i c o r p F i n a n c i a l , I n c . r e l a t i n g t o the purchase and s e r v i c i n g , for i t s own account or the account of o t h e r s , of c r e d i t card accounts r e c e i v a b l e ( 1 1 / 1 5 / 8 0 ) 3J

New York The Chase Manhattan Corporat ion , 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 (mak-ing or a c q u i r i n g , for i t s own account and for the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t , both secured and unsecured i n c l u d i n g , but not l i m i t e d t o , con-sumer and b u s i n e s s l i n e s of c r e d i t , i n s t a l l m e n t loans for p e r s o n a l , household and bus ines s purposes and mortgage loans secured by r e a l property ; to s e r v i c e loans and other e x t e n s i o n s o f c r e d i t ; t o s e l l t r a v e l e r s checks a t r e t a i l ; to act as insurance agent or broker f o r c r e d i t l i f e insurance and c r e d i t acc ident and hea l th insurance d i r e c t l y r e l a t e d to such l ending and s e r v i c i n g a c t i v i t i e s ) in the Arvida F i n a n c i a l P l a z a , Glades Road and Boca West Road, Boca Raton, F l o r i d a , through a s u b s i d i a r y , Chase Manhattan F i n a n c i a l S e r v i c e s , Inc . ( 1 1 / 1 3 / 8 0 ) 3 /

New York Manufacturers Hanover Corporat ion, New York, New York, no-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 (mak-ing 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 , loans and other e x t e n s i o n s o f c r e d i t such as would be made by a commercial f i n a n c e company; and arrang-ing or s e v i c i n g such loans and other e x t e n s i o n s of c r e d i t f o r any person) at 1 Commerce P l a c e , S u i t e 1933, N a s h v i l l e , T e n n e s s e e , through i t s s u b s i d i a r y , Manufacturers Hanover Commercial Corporation ( 1 1 / 1 4 / 8 0 ) 3J

37 4 ( c ) ( 8 ) o r 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of t h e Board of Governors under de l ega ted a u t h o r i t y .


n .Z , 1980 No. 46 - 1 2 -


Cleve land P i t t s b u r g h N a t i o n a l Corpora t ion , P i t t s b u r g h , P e n n s y l v a n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (mortgage banking, i n c l u d i n g the making or a c q u i r i n g and s e r v i c i n g for i t s own account and for the account of o t h e r s , l oans and o t h e r e x t e n s i o n s of c r e d i t ) in the m e t r o p o l i t a n . a r e a of Kens ington , Maryland, through a s u b s i d i a r y , The K i s s e l 1 Company ( 1 1 / 5 / 8 0 ) 3_/

Chicago Wisco , I n c . , West Des Moines , Iowa, 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 c o n t i n u e to engage i n t h e s a l e of i n s u r a n c e through Diagonal Insurance Agency, I n c . , D i a g o n a l , Iowa) ( 1 1 / 1 3 / 8 0 ) 3 /

M i n n e a p o l i s C u t l e r C o r p o r a t i o n , Newport, M i n n e s o t 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 ( t o c o n t i n u e to engage in the a c t i v i t i e s o f making loans to i t s s h a r e -h o l d e r s , t h e i r f a m i l i e s , and t h e i r r e l a t e d i n t e r e s t s ) ( 1 1 / 1 3 / 8 0 ) 3_/

Kansas C i t y Union B a n c o r p o r a t i o n , I n c . , Oklahoma C i t y , Oklahoma, no-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 in the s a l e at r e t a i l of money o r d e r s having a f a c e v a l u e of n o t more than $ 1 , 0 0 0 and the s a l e of t r a v e l e r s c h e c k s ) at the nor thwes t corner of the i n t e r -s e c t i o n o f Memorial Road and P e n n s y l v a n i a Avenue, Oklahoma C i t y , Olahoma, through a s u b s i d i a r y , Union Loan & T h r i f t Company ( 1 1 / 1 4 / 8 0 ) 3 /

San 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 -Franc i sco f i c a t ion of i n t e n t to c o n t i n u e 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 l oans and other e x t e n s i o n s o f c r e d i t such as would be made or acquired by a f i n a n c e company, s e r v i c i n g loans and o ther e x t e n s i o n s o f c r e d i t and o f f e r i n g o f 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 ; such a c t i v i t i e s would i n c l u d e , but not be l i m i t e d t o , making loans and o t h e r e x t e n s i o n s o f c r e d i t to consumers as w e l l as smal l b u s i n e s s e 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 secured by r e a l p r o p e r t y , and o f f e r i n g l i f e and 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 acquired by FinanceAmerica Corporat ion of New Hampshire, I n c . ) and t o

3 ? 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n p r o c e s s e d by Reserve 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 .

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

H . 2 , 1980 No. 46 - 13 -


expand the geographic scope of e x i s t i n g o f f i c e s of i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Corporation of New Hampshire, I n c . located at 344 Central Avenue, Dover, Delaware and a t 639 Main S t r e e t , Laconia , New Hampshire to i n c l u d e New Hampshire and Maine and the o f f i c e at CBS P l a z a , 115 Key Road, Keene, New Hampshire to i n c l u d e New Hampshire and Vermont ( 1 1 / 1 3 / 8 0 ) 3 /

San BankAmerica Corporat ion , San F r a n c i s c o , C a l i f o r n i a , n o t i -Franc i sco f i c a t i o n of in tent to engage in de novo a c t i v i t i e s ( t o

engage in the a c t i v i t i e s of an i n d u s t r i a l loan company as a l i c e n s e e under the Kansas Investment C e r t i f i c a t e s of Investment Companies Act; to i n c l u d e , but not be l i m i t e d t o , such i n d u s t r i a l loan a c t i v i t i e s as i s s u i n g t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s , making consumer i n s t a l l m e n t l o a n s , purchasing 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 other e x t e n s i o n s of c r e d i t to small b u s i n e s s e s , making loans secured by r e a l and persona l property; and o f f e r i n g l i f e , a c c i d e n t , h e a l t h and property insurance 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 made or acquired by FinanceAmerica Corporat ion (Kansas ) ) these a c t i v i t i e s would be conducted from e x i s t i n g o f f i c e s i n Emporia, Great Bend, Kansas C i t y , Lawrence, Overland Park, S a l i n a , Topeka, and Wich i ta , Kansas, through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Corporat ion ( a Kansas Corporat ion) ( the name of which w i l l change to FinanceAmerica T h r i f t Corporat ion upon i s suance of t h e i n d u s t r i a l loan l i c e n s e ) ( 1 1 / 1 3 / 8 0 ) 3 /

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

c lude the a d d i t i o n a l a c t i v i t y of a c t i n g as an i n d u s t r i a l loan c o r p o r a t i o n under the Utah I n d u s t r i a l Loan Law; such a c t i v i t y w i l l i n c l u d e , but not be l i m i t e d t o , such indus -t r i a l loan a c t i v i t i e s as i s s u i n g t h r i f t c e r t i f i c a t e s and t h r i f t passbook c e r t i f i c a t e s , making consumer i n s t a l l m e n t l o a n s , purchasing 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 other e x t e n s i o n s of c r e d i t to smal l b u s i n e s s s e s , and making loans secured by r e a l and p e r -

3 / 4 ( c ) ( 8 ) or 4 ( c ) (12) n o t i f i c a t i o n processed by Reserve Bank on behal f ~~ of t h e Board of Governors under de l ega 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.z, 1980 No. 46 - 1 4 -


sonal property ) the a c t i v i t i e s w i l l be conducted from an e x i s t i n g o f f i c e in S a l t Lake C i t y , Utah, through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Corporat ion of Utah ( the name ttfiich w i l l be changed to FinanceAmerica T h r i f t Corporation upon the i s suance of an i n d u s t r i a l loan l i c e n s e ) ( 1 1 / 1 3 / 8 0 ) 3J

San Orbanco F i n a n c i a l S e r v i c e s Corporat ion , P o r t l a n d , Oregon, Franc i sco n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s

(making or 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 other e x t e n s i o n s of c r e d i t secured by r e a l proper ty , s e r v i c i n g mortgage l o a n s , 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 ) at 516 Southeas t Morr i son , S u i t e 820, P o r t l a n d , Oregon, through i t s wholly-owned s u b s i d i a r y o f i t s s u b s i d i a r y , Columbia Mortgage Co. known as Mortgage Credi tcorp ( 1 1 / 1 3 / 8 0 ) 3J

* * * * *

To Expand a Bank Holding Company Pursuant to Secton 4 ( c ) ( 1 2 ) of the Bank Holding Company Act of 1956

Permitted Kansas Ci ty Baldwin-United Corporat ion , C i n c i n n a t i , Ohio , n o t i f i c a t i o n

of i n t e n t to acquire through i t s s u b s i d i a r y , T.V. T r a v e l , I n c . , Dayton, Ohio, 100 percent of the s t o c k of The Travel Department, I n c . , I n d i a n a p o l i s , Ind iana and c e r t a i n a s s e t s o f Champion Travel Agency, I n c . , L o u i s v i l l e , Kentucky ( 1 1 / 1 3 / 8 0 ) 3 /

37 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of the Board of Governors under d e l e g a t e d a u t h o r i t y .

i


H.2 , 1980 No. 46 - 1 5 -

APPLICATIONS RECEIVED

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

New York The Schenectady Trust Company, Schenectady, New York. Branch to be e s t a b l i s h e d a t 1400 Altamont Avenue, Rotterdam, Schenectady County, New York. 2/

Cleveland The Sy lvania Sav ings Bank Company, S y l v a n i a , Ohio. Branch to be e s t a b l i s h e d at 3948 West A l e x i s Road, Toledo , Lucas County, Ohio. 2 /

Cleveland The Sy lvan ia Savings Bank Company, S y l v a n i a , Ohio. Branch to be e s t a b l i s h e d at Ho i land-Sy lvan ia Road/ Sy lvan ia Avenue, S y l v a n i a , Lucas County, Ohio. 2/

Richmond The Bank of Vienna, Vienna, V i r g i n i a . Branch to be e s t a l i shed at 101 East Hol ly Avenue, S t e r l i n g , Loudoun County, V i r g i n i a . 2 /

* * * * *

Richmond

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

Conso l idated Bank and Trust Company, Richmond, V i r g i n i a .

* * * * *

San Franci sco

San Franc i s co

To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant t o S e c t i o n 25 of the Federa l Reserve Act

Crocker Nat iona l Bank, San F r a n c i s c o , C a l i f o r n i a : prior n o t i f i c a t i o n of i t s i n t e n t to e s t a b l i s h i t s i n i t i a l branch in S e o u l , Korea.

S e c u r i t y P a c i f i c Corporat ion, Los Ange le s , C a l i f o r n i a : prior n o t i f i c a t i o n of i t s i n t e n t of i t s wholly-owned 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 I n t e r n a t i o n a l Leasing (Europe) I n c . , to e s t a b l i s h a branch i n Milan, I t a l y .

2 / A p p l i c a t i o n subjec t to Community Reinvestment Act . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be contac ted as to the l e n g t h of the comment p e r i o d .


H.2 , 1980 No. 46 - 1 6 ~

APPLICATIONS RECEIVED-Cont inued

To E s t a b l i s h a U.S. Branch of an Edge Act Corporation Pursuant to S e c t i o n 2 5 ( a ) o f the Federal Reserve Act

New York

San F r a n c i s c o

Morgan Guaranty I n t e r n a t i o n a l Bank, Miami, F l o r i d a : r e q u e s t s consent to open a branch in Los A n g e l e s , C a l i -f o r n i a .

Wells Fargo Bank, N . A . , San F r a n c i s c o , C a l i f o r n i a : r e q u e s t s consent to reorgan ize i t s Edge Act Corpora-t i o n s by r e l o c a t i n g Wells Fargo Bank I n t e r n a t i o n a l from New York to San F r a n c i s c o ; e s tab l i shment by WFBI of banches in New York and Miami; and the reduct ion in c a p i t a l o f Wel 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 Cor-p o r a t i o n .

* * * * *

To Organize , or Inves t i n , a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant t o S e c t i o n 25 or 25 (a ) o f the Federal Reserve Act

A t l a n t a F i r s t Nat ional Bank in Palm Beach, Palm Beach, F l o r i d a : r e q u e s t s consent to form an Edge Corporation i n Miami, F l o r i d a to be named "Firs t Palm Beach I n t e r n a t i o n a l Bank".

* * * * *

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

At lanta F i r s t C i t i z e n s Bankshares , I n c . , G l e n n v i l l e , Georgia , for approval to acquire 100 percent of the v o t i n g shares o f F i r s t C i t i z e n s Bank, G l e n n v i l l e , Georgia . 2_/

A t l a n t a Golden Summit Corporat ion , Mi l ton , F l o r i d a , f o r approval to acquire at l e a s t 80 percent of the v o t i n g shares of Santa Rosa S t a t e Bank, Mi l ton , F l o r i d a , 2 /

2 / A p p l i c a t i o n subjec t to Community Reinvestment Act . The Community Reinvestment O f f i c e r of the a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l e n g t h of the comment per iod .


H.2, 1980 No. 46 - 17

APPLICATIONS RECEIVED-Continued

Chicago Alpha Banco I n c . , Alpha, I l l i n o i s , f o r approval to acquire a t l e a s t 80 percent of t h e v o t i n g shares o f Farmers S t a t e Bank of Alpha, Alpha, I I l i n o s . 2/

Chicago North Holding Company, Inc . , N e i l l s v i l l e , Wiscons in , for ap-proval to acquire at l e a s t 8 7 . 3 1 percent of the v o t i n g shares of N e i l l s v i l l e Bank, N e i l l s v i l l e , Wisconsin . 2 /

S t . Louis F i r s t S t a t e Holding Company of P r e s c o t t , P r e s c o t t , Arkansas, for approval to acquire 9 8 . 3 percent of the v o t i n g shares of Bank o f P r e s c o t t , P r e s c o t t , Arkansas. 2/

Kansas Ci ty Anadarko Bancshares , I n c . , Anadarko, Oklahoma, for approval to acqu ire at l e a s t 80 percent of the v o t i n g shares of Anadarko Bank and Trust Company, Anadarko, Oklahoma. 7J

Kansas Ci ty Anchor Banshares , I n c . , A l l i a n c e , Nebraska, f o r approval to acquire 92 percent of t h e v o t i n g shares of The Anchor Bank, Merriman, Nebraska. 2J

Kansas Ci ty Savannah Bancshares , I n c . , Savannah, M i s s o u r i , for approval to acqu ire 80 percent or more of the v o t i n g shares of F i r s t Community S t a t e Bank of Savannah, M i s s o u r i , Savannah, M i s s o u r i . 2J

Kansas Ci ty Union Bank Corporat ion , Upton, Vfyoming, f o r approval to acquire a t l e a s t 90 percent of t h e v o t i n g shares of Union S t a t e Bank, Upton, looming. _2/

* * * * *

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

New York The Summit Bancorporat ion , Summit, New J e r s e y , f o r ap-proval to acquire 100 percent of t h e v o t i n g shares of The Maplewood Bank and Trust Company, Maplewood, New J e r s e y . 2]

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


H.2 , 1980 No. 46 - 1 8 -


Chicago

Kansas Ci ty

D a l l a s

D a l l a s

D a l l a s

D a l l a s

Secur i ty Nat iona l Corporat ion, S ioux Ci ty , Iowa, f o r ap-proval to acquire a t l e a s t 94 percent of t h e v o t i n g shares of F i r s t S t a t e Bank, Mapleton, Iowa. 2/

Colorado Nat iona l Bankshares, I n c . , Denver, Colorado, for approval to acquire at l e a s t 100 percent of the v o t i n g shares of Arvada S t a t e Bank, Arvada, Colorado. 2J

F i r s t City Bancorporat ion of Texas, I n c . , Houston, Texas , for approval to acquire 100 percent of t h e v o t i n g shares ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of The Bank of South Texas , A l i c e , Texas . 2 /

F i r s t City Bancorporat ion of Texas, I n c . , Houston, Texas , for approval to acquire 100 percent of t h e v o t i n g shares ( 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 Central Park Bank, San Anton io , Texas . 2 /

F i r s t City Bancorporat ion of Texas , I n c . , Houston, Texas , for approval to acquire 100 percent of t h e v o t i n g shares ( 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 Windsor Park Bank, San Anton io , Texas . 2/

F i r s t United Bancorporat ion, I n c . , Fort Worth, Texas , f o r approval to acquire 100 percent of the v o t i n g shares of The Southwest S t a t e Bank, Brownwood, Texas . 2/

* * * * *

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

New York The Chase Manhattan Corporat ion, 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 ( t o s o l i c i t , make, acqu ire and s e r v i c e loans and other ex -t e n s i o n s o f c r e d i t e i t h e r secured or unsecured, for i t s own account or f o r the account of o t h e r s ; to act as an i s s u e r , broker and/or dea ler in respec t of s e c u r i t i e s guaranteed by the Government National Mortgage A s s o c i a t i o n

2? A p p l i c a t i o n subjec t to Community Reinvestment Act . The Community Reinvetment O f f i c e r of the a p p l i c a b l e Reserve Bank may be c o n t a c t e d as to the l eng th of the comment per iod .


H.2, 1980 No. 46 - 19 -


and to act as investment or f i n a n c i a l adv i ser on real e s t a t e matters to the extent of f u r n i s h i n g general economic informat ion and advice as w e l l as p o r t f o l i o investment advice on r e a l e s t a t e mat ters ) from 12 3 North J u l i a S t r e e t , J a c k s o n v i l l e , F lor ida to 3063 Hart ley Road, S u i t e 3, J a c k s o n v i l l e , F l o r i d a , through i t s sub-s i d i a r y , Housing Investment Corporat ion of F l o r i d a ( 1 1 / 1 4 / 8 0 ) 31

New York Manufacturers Hanover Corporat ion, New York, New York, no-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 making or a c q u i r i n g , f o r i t s own account or f o r the ac-count of o t h e r s , loans and other e x t e n s i o n s o f c r e d i t such as would be made by a commercial f i n a n c e company; and arranging or s e r v i c i n g such loans and other e x t e n -s i o n s of c r e d i t for any person) at 1 Union P l a z a , S u i t e 2080, C h a r l o t t e , North Carol ina and 6701 Rockside Road, Independence, Ohio, through i t s s u b s i d i a r y , Manufacturers Hanover Commercial Corporation (Delaware) ( 1 1 / 1 2 / 8 0 ) 3 /

New York Manufacturers Hanover Corporat ion, New York, New York, no-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 making or a c q u i r i n g , f o r i t s own account or f o r the ac-count of o t h e r s , loans and other e x t e n s i o n s of c r e d i t such as would be made by a mortgage company; and s e r v -i c i n g any such loans and other e x t e n s i o n s of c r e d i t for any person) at 1660 South Highway 100, S t . Louis Park, Minnesota and 6161 Ninth S t r e e t North, S t . Pe tersburg , F l o r i d a , through i t s s u b s i d i a r y , Manufacturers Hanover Mortgage Corporat ion ( 1 1 / 1 4 / 8 0 ) 3 /

P h i l a d e l p h i a P h i l a d e l p h i a Nat ional Corporat ion, P h i l a d e l p h i a , Pennsylvani 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 personal i n s t a l l m e n t loans secured by mortgages other than f i r s t l i e n s on the borrower 1 s r e a l e s t a t e ; s e l l i n g c a s u a l t y in surance , c r e d i t l i f e insurance and c r e d i t acc ident and hea l th insurance in c o n n e c t i o n with such l o a n s ; r e i n s u r i n g such c r e d i t l i f e and c r e d i t a c c i -dent and h e a l t h insurance through P a t r i c k Henry L i f e In-surance Company and P a t r i c k Henry Insurance Company, i n -d i r e c t s u b s i d i a r i e s of P h i l a d e l p h i a Nat ional Corporat ion; and g e n e r a l l y engaging i n the b u s i n e s s of second mortgage l ending as author ized for l i c e n s e e s under the Delaware Secondary Mortgage Loan Law) at 103 Penn Mart Center , New

37 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behal f of t h e Board of Governors under de l ega ted a u t h o r i t y .


H.2, 1980 No. 46 - 20 -


C a s t l e , Delaware; 27 Pres tbury Square, Chestnut H i l l Road, P.O. Box 934, Newark, Delaware; and Mi l l Creek Shopping Center , 4565 Kirkwood Highway, P.O. Box 5281, Wilmington, Delaware, through a newly formed s u b s i d i a r y , S igna l Mortgage Corporat ion of Delaware ( 1 1 / 1 0 / 8 0 ) 3/

Cleveland P i t t s b u r g h Nat iona l Corporat ion , P i t t s b u r g h , Pennsy lvania , 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, banking i n c l u d i n g t h e making or a c q u i r i n g and s e r v i c i n g f o r i t s own account and f o r the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t ) in the m e t r o p o l i t a n area of V i r g i n i a Beach, V i r g i n i a , through a s u b s i d i a r y , The K i s s e l l Company ( 1 1 / 5 / 8 0 ) 3=_/

Minneapol i s Houston County Agency, I n c . , S t . P a u l , Minnesota, f o r ap-proval to cont inue to engage in o p e r a t i n g a genera l insurance agency i n a community of l e s s than 5 , 0 0 0 p o p u l a t i o n .

Correc t ion : The n o t i c e f o r BankAmerica Corporat ion, San F r a n c i s c o , C a l i -

forn ia 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 loans and other e x t e n s i o n s of c r e d i t such as would be made or acquired by a f i n a n c e company: s e r v i c i n g loans and other e x t e n s i o n s of c r e d i t ; and the o f f e r i n g of 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 insurance; such a c t i v i t i e s would i n c l u d e , but not be l i m i t e d t o , 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 to consumers as w e l l as small b u s i n e s s e s , purchas ing i n s t a l l m e n t s a l e s f inance c o n t r a c t s ; making loans secured by r e a l property and o f f e r i n g l i f e and acc ident and h e a l t h insurance d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t made or acquired by FinanceAmerica Corporat ion of New Hampshire, I n c . ) t h e s e a c t i v i t i e s would be conducted from an e x i s t i n g o f f i c e in Keene, New Hampshire, through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Corporat ion of New Hampshire, I n c . (a New Hampshire Cor-p o r a t i o n ) which appeared on H.2 No. 4 0 , 1980 as Received was i n c o r r e c t . The n o t i c e should have reat to cont inue to engage in the above a c t i v i t i e s and to expand the geographic scope of e x i s t i n g o f f i c e s of i t s i n d i r e c t sub-


3 / 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behal 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 .


H.2, 1980 No. 46 - 21 -


s i d i a r y , FinanceAmerica Corporation of New Hampshire, Inc . l o c a t e d a t 344 Central Avenue, Dover, New Hampshire and at 639 Main S t r e e t , Laconia , New Hampshire, t o include New Hampshire and Maine and the o f f i c e at CBS P laza , 115 Key Road, Keene, New Hampshire to include New Hampshire and Vermont ( 9 / 2 9 / 8 0 ) J /

F i r s t Hawaiian, I n c . , Honolulu, Hawaii , 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 in the a c t i v i t y of o p e r a t i n g as an i n d u s t r i a l loan company i n t h e manner authorized by S t a t e law; some of i t s a c t i v i t i e s would be to lend money upon i n d i v i d u a l c r e d i t or the pledge or mortgage of r e a l or personal property , to i s s u e and s e l l c e r t i f i c a t e s for the payment of money at any t ime , and to s e l l c r e d i t r e l a t e d property , c a s u a l t y , l i f e , a c c i -dent and h e a l t h insurance) at the Palani P r o f e s s i o n a l Center, Palani Road, Kailua-Kona, Hawai i , through i t s s u b s i d i a r y , Hawaii T h r i f t & Loan, Incorporated ( 1 1 / 1 2 / 8 0 ) 3_/

Ra in i er Bancorporat ion , S e a t t l e , Washington, 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 (operat ing as an i n d u s t r i a l loan company in t h e manner authorized by law of the S t a t e of Washington, which law does not permit the acceptance of demand d e p o s i t s ; and a c t i n g as agent or broker w i t h regard to l i f e , d i s a b i l i t y , and property and c a s u a l t y insurance d i r e c l t 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 Mount Vernon; E v e r e t t ; Redmont; Federal Way; Tacoma; Spokane; Opportuni ty; Richland; Averdeen; Vancouver, a l l l oca ted i n Washington, through i t s s u b s i d i a r y , Ra in i er I n d u s t r i a l Loan Company ( 1 1 / 1 1 / 8 0 ) 3 /

Secur i ty P a c i f i c Corporat ion, Los Ange 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 in de novo a c t i v i t i e s ( t o engage in f i n a n c i n g and i n d u s t r i a l loan corporat ion a c t i v i t i e s 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 ther 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 investment c e r t i f i c a t e s ; and a c t i n g as agent for 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 acc ident and h e a l t h and c r e d i t r e l a t e d property i n s u r a n c e , a l l as authorized by C a l i f o r n i a law) in Santa Barbara, San Bernardino, Modes to and Oxnard, C a l i f o r n i a , through i t s i n d i r e c t sub-s i d i a r y , S e c u r i t y P a c i f i c Money Center , I n c . ( 1 1 / 1 2 / 8 0 ) 3J

3 / 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under d e l e g a t e d a u t h o r i t y .





H.2, 1980 No. 46 - 22 -


San Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , not i f i c a -Franc i sco 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 ( ( 1 ) making

or acquir ing real e s t a t e r e l a t e d loans and other e x t e n s i o n s of c r e d i t , for i t s own account or for the account of o thers ; ( 2 ) s e r v i c i n g the loans and e x t e n s i o n s of c r e d i t de scr ibed i n (1) above; (3 ) a c t i n g as an investment adv iser to Wells Fargo Mortgage and Equity Trust (a real e s t a t e investment t r u s t ) , other a f f i l i a t e s o f Wel l s Fargo & Company and o ther i n v e s t o r s w i t h re spec t to real e s t a t e investment p o r t f o l i o s ; (4 ) prov id ing f u l l payout l e a s i n g of r e a l property or ac t ing as agent , broker or adv i ser in arrang-i n g such l e a s e s to the extent permitted by S e c t i o n 225 .4 ( a ) ( 6 ) ( b ) of Regu la t ion Y of the Federal Reserve Board; and (5 ) providing bookkeeping or data p r o c e s s i n g s e r v i c e s r e l a t e d to real e s t a t e inves tments of Wells Fargo & Com-pany and i t s a f f i l i a t e s ) i n A t l a n t a , Georgia , through i t s s u b s i d i a r y , Wells Fargo Realty Advisors ( 1 1 / 1 4 / 8 0 ) Jj/

* * * * *

To Expand a Bank Holding Company Pursuant to S e c t i o n 4 ( c ) (12) o f the Bank Holding Company Act o f 1956

Chicago Lumbermans Mutual Casualty Company and Kemper Corporat ion, both i n Long Grove, 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 acquire 100 percent of Tower H i l l Insurance Company Limi ted , London, England, through Kemper Reinsurance Company and/or Kemper Europe Reasurances S.A. ( 1 0 / 2 9 / 8 0 ) 1!

* * * * *

REPORTS RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None.

37 4 ( c ) ( 8 ) or 4 ( c ) ( 1 2 ) 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 .

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