h2_19830730.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1983 No. 30)

Actions of the Board; Applications and Reports

Received During the Week Ending July 30, 1983

APPLICABLE RESERVE BANK ACTIONS OF THE BOARD

Statement by Chairman Paul A. Volcker before the Sub-committee on Economic Policy of the Senate Banking Committee to d iscuss i s sues bearing on then coordinat ion of monetary and f i s c a l p o l i c i e s .

Statement by Vice Chairman Preston Martin before the Subcommittee on Administrat ive Law and Governmental Relat ions of the House Committee on the Jud ic ia ry to present the views of the Federal Reserve Board on H.R. 2327, the Regulatory Reform Act of 1983.

Statement by Governor Nancy H. Teeters before the Sub-committee on Consumer A f f a i r s and Coinage of the House Banking Committee to express the views of the Federal Reserve Board on the e f f o r t s t o deal more e f f e c t i v e l y with c r e d i t card fraud through enactment of H.R. 3622, the "Credit Card Protect ion Act".

Regulations G and U, complete rev is ion and s i m p l i f i c a t i o n ; e f f e c t i v e August 31, 1983. (Docket No. R-0457 and R-0458)

Regulation T, technical amendment concerning OTC s tocks .

Policy s ta tement , r ev i s ions to the Federal Reserve Banks' pol icy regarding mandatory re t i rement based on age.

New York National S ta te Bank, E l izabe th , New Je r sey , proposal to purchase the a s s e t s and assume the l i a b i l i t i e s of the Elizabeth Savings Bank, E l izabe th , New Je r sey ; report sent t o the Comptroller of the Currency on competi t ive f a c t o r s . 1/

T7 Applicat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .

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

H.2, 1983 No. 39

Richmond

Richmond

Richmond

Richmond

Atlanta

Atlanta

Atlanta

Atlanta

- 2 -

ACTIONS OF THE BOARP-Continued

RHNB Corporat ion, Rock H i l l , South Carol ina , exten-sion of time to November 4 , 1983, within which to become a bank holding company through the acquis i t ion of Rock Hill National Bank, Rock H i l l , South Caro l ina . J /

Shawsville Bancorp, I nc . , Shawsville, Vi rg in ia , ex-tension of time to November 10, 1983, within which to become a bank holding company through the acqu i s i t ion of Bank of Shawsvil le , Shawsvil le , V i rg in ia . V

Carolina Mountain Holding Company, Highlands, North Caro l ina , extension of t ime to September 18, 1983, within which to become a bank holding company through the acqu i s i t i on of Carolina Mountain Bank, Highlands, North Caro l ina . V

Commercial Bancshares, Incorporated, Parkersburg, West V i rg in i a , extension ef time to October 29, 1983, with-in which to become a bank holding company through the acqu i s i t i on of the successor by merger t o Commercial Banking and Trust Company, Parkersburg, West Vi rg in ia . V

Ci t izens Bank, Fort Valley, Georgia, proposed merger with Ci t i zens Interim Corporat ion, Fort Valley, Georgia; repor t t o the Fede-al Deposit Insurance Corporation on competi t ive f a c t o r ^ . J /

Bank of Dawson, Dawson. Georgia, proposed merger with Interim Dawson Corporat ion, Dawson, Georgia; report to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . V

Capital City F i r s t National Bank of Tal lahassee , Ta l lahassee , F l o r i d a , proposed merger with Capital City F i r s t National Interim Bank of Tal lahassee , Tal lahassee , F lo r ida ; repor t to the Comptroller of the Currency on competi t ive f a c t o r s . V

Flor ida S ta te Bank of Tal lahassee , Tal lahassee , F l o r i d a , proposed merger with Sun Bank/Tallahassee, N.A., Ta l lahassee , F lo r ida ; repor t to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . 1 /

T? Applicat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 30

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

Atlanta

ACTIONS OF THE BOARD-Continued

F i r s t National Bank of F lo r ida , Tampa, F lo r ida , proposed merger with F i r s t Bank and Trust of Lake P l ac id , Lake P lac id , F lo r ida ; report to the Comptroller of the Currency on competit ive f a c t o r s . V

Flor ida National Bank, J acksonv i l l e , F lo r ida , pro-posed merger with Tropic Bank of Seminole, Cassel-be r ry , F lo r ida ; repor t t o the Comptroller of the Currency on competi t ive f a c t o r s . V

Merchants Trus t , I n c . , Jackson, Alabama, extension of t ime to October 30, 1983, within which to become a bank holding company through the acqu i s i t ion of Merchants Bank, Jackson, Alabama. V

Gold Coastal Bancshares, I nc . , Hypoluxo, F lo r ida , extensions of t ime to October 13, 1983, within which t o become a bank holding company through the acqu i s i t i on of Bank of South Palm Beaches, Hypoluxo, F l o r i d a . V

F i r s t National Bank of J e f f e r son County, Monticel lo, F l o r i d a , proposed merger with F i r s t National Interim Bank of J e f f e r son County, Monticel lo, F lo r ida ; report to t he Comptroller of t he Currency on competi t ive f a c t o r s . V

City National Bank, Tal lahassee , F lo r ida , proposed merger with City National Interim Bank, Tal lahassee , F lo r ida ; repor t to the Comptroller of the Currency on compet i t ive f a c t o r s . 1/

Indus t r i a l National Bank, Tal lahassee , F lo r ida , pro-posed merger with Indus t r ia l National Interim Bank, Ta l lahassee , F lo r ida ; repor t t o the Comptroller of the Currency on competi t ive f a c t o r s . J /

Capital City Second National Bank, Tal lahassee , F lor ida , proposed merger with Capital City Second National Interim Bank, Ta l lahassee , F lo r ida ; repor t t o the Comptroller of t he Currency on competi t ive f a c t o r s . J!_/



H.2, 1983 No. 30

Chicago

Chicago

Chicago

Chicago

Chicago

Chicago

S t . Louis

- 4 -


Republic National Bank of Rock F a l l s , Rock F a l l s , I l l i n o i s , app l ica t ion for p r io r approval to merge with Rock Fa l l s National Bank, Rock F a l l s , I l l i n o i s , under the cha r t e r of Republic National Bank of Rock F a l l s and t i t l e of Rock Fa l l s National Bank; report t o the Comptroller of the Currency on competit ive f a c t o r s , y

F.A.B. BANCORP, INC., Aurora, I l l i n o i s , extension of time to October 31, 1983, within which to become a bank holding company through the acqu i s i t i on of 100 percent of the voting shares of the successor by merger t o F i r s t American Bank of Aurora, Aurora, I l l i n o i s , y

Francor F inanc ia l , I n c . , Wabash, Indiana, extension of time t o November 8 , 1983, within which to become a bank holding company through the acqu i s i t ion of 100 percent of the voting shares of the successor by merger t o Frances Slocum Bank and Trust Company, Wabash, Indiana, y

Ravenswood Financial Corporat ion, Chicago, I l l i n o i s , extension of time to October 23, 1983, within which t o become a bank holding company through the a c q u i s i t i o n of 100 percent of the voting shares of the successor by merger t o Bank of Ravenswood, Chicago, I l l i n o i s , y

Northern Trust Corporat ion, Chicago, I l l i n o i s , ex-tension of time to May 16, 1984, within which to invest in a Netherlands An t i l l e s s u b s i d i a r y , y

Continental I l l i n o i s National Bank and Trust Company of Chicago, Chicago, I l l i n o i s , extension of time within which to e s t a b l i s h a branch in Hong Kong. V

Boyle Bancorp, I n c . , Danvi l le , Kentucky, extension of time to November 1, 1983, within which to become a bank holding company through the acqu i s i t i on of the successor by merger to The Farmers National Bank of Danvi l le , Danvi l le , Kentucky. V

1/ Applicat ion processed on behalf of the Board of Governors under delegated - a u t h o r i t y .


H.2, 1983 No. 30 - 5 -


S t . Louis Securi ty S ta t e Bank, S t a r k v l l l e , Mis s i s s ipp i , pro-posal t o merge with Securi ty S ta te Interim Bank, S t a r k v l l l e , Mis s i s s ipp i ; repor t t o the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . V

S t . Louis Merchants S t a t e Bank, Humboldt, Tennessee, pro-posal t o merge with Merchants S ta te Interim Bank, Humboldt, Tennessee; repor t t o the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . V

S t . Louis F i r s t Carml Bancshares, I n c . , Carmi, I l l i n o i s , ex-tens ion of time to October 31, 1983, within which t o become a bank holding company through the a c q u i s i t i o n of the successor by merger t o The F i r s t National Bank of Carmi, Carmi, I l l i n o i s . ]_/

S t . Louis Termination of r e g i s t r a t i o n under Regulation G fo r North Delta Production Credit Associa t ion , Clarks-d a l e , M i s s i s s i p p i . J /

S t . Louis S t a t e Bank of Washington, Washington, Indiana, pro-posal t o merge with SBW Bank, Washington, Indiana; r epor t t o the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . \J

Kansas City Post Interim National Bank, Colorado Springs, Colorado, proposal t o merge and conso l ida te with Northern National Bank, Colorado Springs, Colorado, and to opera te under the c h a r t e r and t i t l e of Northern National Bank, Colorado Springs, Colorado; report ton t he Comptroller of the Currency on competi t ive f a c t o r s . J /

Dallas Texas Commerce Bancshares, I n c . , Houston, Texas, ex-tension of time to October 2 , 1983, within which to consummate the acqu i s i t ion of Texas Commerce Bank-West Oaks, N.A., Houston, Texas. V

Dallas Texas Commerce Bancshares, I nc . , Houston, Texas, ex-tens ion of time to September 30, 1983, within which to consummate the acqu i s i t ion of Lockwood National Bank of Houston, Texas. 1/



H.?, 1983 No. 30 - 6 -

Dal Ids

Dal las

Da l l a s

Dal las

Dal las

Dal las

Dal las

Dal l a s


F i r s t National Bank of Waxahachie, Waxahachie, Texas, proposed merger with Waxahachie, Texas, proposed merger with Waxahachie S t a t e Bank, Waxahachie, Texas; r e p o r t t o the Federal Deposit Insurance Corpora-t i o n on compet i t ive f a c t o r s . J /

Bank of Texas, D a l l a s , Texas, proposed merger with New Bank of Texas, D a l l a s , Texas; r epo r t t o the Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . V

Wynnewood Bank & T r u s t , D a l l a s , Texas, proposed merger with New Wynnewood Bank & T r u s t , Da l l a s , Texas; repor t t o the Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . V

F i r s t S t a t e Bank, Cypress , Texas, proposed merger with Cypress Bank, Cypress , Texas; r epor t to the Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . \ j

Pineland S t a t e Bank, Pine!and, Texas, proposal t o merge with New Pineland S t a t e Bank, P ine land , Texas; r e p o r t t o t he Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . V

Central National Bank-West, San Angelo, Texas, pro-posed merger with Central Inter im Bank-West, San Angelo, Texas; r epo r t t o t he Federal Deposit In-surance Corporat ion on compe t i t i ve f a c t o r s . \J

Central National Bank, San Angelo, Texas, proposed merger with Central Inter im Bank, San Angelo, Texas; r epo r t t o the Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . ]_/

Grand National Bank, Bedford, Texas, proposed merger with Grand Bank, Ai rpor t Freeway a t Highway 157, N.A., Bedford, Texas; r epor t t o t he Comptroller of the Currency on compet i t ive f a c t o r s . V

17 Appl ica t ion processed on behalf of t he Board of Governors under delegated authori ty .


H.2, 1983 No. 30 - 7 -

Dal l a s

Dallas

Dallas

Dal las

Dallas

San Franci sco

San Francisco

San Francisco


Eisenhower National Bank, Fort Sam Houston, and San Antonio, Texas, proposed merger with New Elsenhower National Bank, Fort Sam Houston, San Antonio, Texas; report to the Comptroller of the Currency on competitive fac tors . ] /

HNB Farmers Branch National Bank, Farmers Branch, Texas, proposed merger with Metropolitan National Bank, Farmers Branch, Texas; report to the Comptroller of the Currency on competitive fac tors . ]_/

HNB Farmers Branch National Bank, Richardson, Texas, proposal to merge with Metropolitan National Bank-Richardson, Richardson, Texas; repor t to the Comptroller of the Currency on competi t ive f a c t o r s . V

American National Bank, Bay Ci ty , Texas, proposed merger with New American National Bank, Bay Ci ty , Texas; repor t t o the Comptroller of t he Currency on compet i t ive f a c t o r s . J /

F i r s t American Bank 4 Trust of Manvel, Manvel, Texas, proposed merger with New F i r s t American Bank and Trust of Manvel, Manvel, Texas; repor t t o the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . V

New Mission Viejo National Bank, Mission Viejo , Cal i -f o r n i a , proposed merger with Mission Viejo National Bank, Mission Vie jo , C a l i f o r n i a , under the char te r of the former and t i t l e of the l a t t e r ; report to the Comptroller of the Currency on competi t ive f a c t o r s . ]_/

Trans Bankcorp, I nc . , Monterey Park, C a l i f o r n i a , second extension of time to November 3, 1983, within which to become a bank holding company through the acqu i s i t ion of Trans American National Bank, Monterey Park, Cal i -f o r n i a . y

Liberty Bank, Glendale, Arizona, proposed acquis i t ion of c e r t a i n a s s e t s and assumption of deposi t l i a b i l i t i e s of Southwest Savings and Loan Associa t ion , Phoenix, Arizona; repor t to the Federal Deposit Insurance Corporation on competi t ive f a c t o r s . 1/

V Applicat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 30 - 8 -


San F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angeles, Francisco C a l i f o r n i a , extension of time t o July 30, 1984,

within which t o e s t a b l i s h a branch o f f i c e in the v i c i n i t y of the i n t e r s e c t i o n of Sunrise Boulevard and Coloma Road, unincorporated community of Rancho Cordova, C a l i f o r n i a . V

V Applicat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 30 - 9 -


To Es t ab l i sh a Domestic Branch Pursuant t o Sect ion 9 of t he Federal Reserve Act

New York F i d e l i t y Union Bank, Newark, New J e r s e y . To e s t a b l i s h 36 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 New J e r s e y . V

New York Chemical Bank, New York, New York, New York. To e s t a b l i s h branch o f f i c e s a t t he fo l lowing l o c a t i o n s :

1 . 590 Madison Avenue, New York, New York, y 2 . 1133 Westchester Avenue, White P l a i n s ,

New York. 1/ 3 . 1000 Westchester Avenue, White P l a i n s , New

York. \J 4 . 900 King S t r e e t , Port Ches t e r , New York. V 5 . Long Meadow Road, S t e r l i n g F o r e s t , New York, y 6 . 44 South Broadway, White P l a i n s , New York, y 7 . 360 Hamilton Avenue, White P l a i n s , New York. 1/ 8 . Route #9,1 North Tarrytown, New York, New YorT. y 9 . Route 134/Kitchawan, Yorktown Heights , New

York, y 10. 2000 Purchase S t r e e t , Purchase, New York,

New York. V 11. Gateway P laza , 331-337 South End Avenue, New

York, New York. V 12. 222-17 Northern B lvd . , Bayside, New York. V 13. 215 North Eighth S t r e e t , Brooklyn, New York. ]_/

At lanta Flagship Bank of Tampa, Tampa, F l o r i d a . To e s t a b -l i s h an automated t e l l e r machine a t the northwest corner on Ehr l ich and Hutchinson Roads in the 5300 Block of Ehr l ich Road, Tampa, F l o r i d a , y

Chicago Comerica Bank-Det ro i t , Michigan. To e s t a b l i s h an EFT a t ! 4177 Orchard Lake Road, Orchard Lake, Michigan. 1/

T7 Appl ica t ion processed on behal f of t h e Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 30

Chicago

Hinneapolis

Minneapolis

Dal l a s

- 10 -


Issued Intent Not to Disapprove Change of Control Pursuant t o Change in Bank Control Act of 1978

Not Disapproved Johnston City S ta te Bank, Johnston Ci ty , I l l i n o i s , J_/

Ada Banc Shares, I n c . , Ada, Minnesota. V

F i r s t National of El bo Lake Bancshares, Inc . , Elbow Lake, Minnesota. V

The F i r s t S ta te Bank, Granger, Texas. 1/

* * * * *

New York

S t . Louis

San Francisco

Appl icat ions and No t i f i c a t i ons f o r In terna t ional Investments and Other Actions Pursuant t o Sections 25 and 25(a) of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) , 4(c) (13) and 4(c){14) of the Bank Holding Company Act of 1956, as amended

Approved

Irving Trust Company, New York, New York: (1) grants consent t o continue to hold i t s investment in Banca del la Svizzera I t a l i a n a , Lugano, Switzerland a f t e r Banca Svizzera e s t ab l i she s a New York s t a t e l icensed branch in New York City and (2) a l so determined tha t once Banca Sv izze ra ' s New York branch has been es tab-l i s h e d , no f u r t h e r Board approval wil l be necessary fo r Irving t o continue to hold i t s i n t e r e s t in Banca Svizzera should Banca Svizzera e s t a b l i s h e s addit ional o f f i c e s in the U.S.

F i r s t Kentucky National Corporation, Lou i sv i l l e , Kentucky: grants consent to acquire 100 percent of the shares of F i r s t Kentucky National Trading Company, L o u i s v i l l e , Kentucky.

BankAmerica In te rna t iona l Finance Corporation, San Francisco , C a l i f o r n i a : grants consent t o determine tha t Financial Group of Kuwait be considered a j o i n t ven ture .

T? Applicat ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 30

Sen FranciSCO

Atlanta

Atlanta

Atlanta

Atlanta

Chicago

St . Louis

- n -

ACTIONS OF THE BOARD-Contlnued

Union Bancorp, Los Angeles, California: grants consent to es tabl i sh an export trading company, StanChart Export Services Company, Inc. , Los Angeles, Cal i fornia.

To Form a Bank Holding Company Pursuant t o Section 3(a)(1) of the Bank Holding Company Act of 1956

Approved East Coast Bank Corporation, Ormond Beach, F lo r ida ,

for approval to acquire at l eas t 98.23 percent of the voting shares of Bank at Ormond By-the-Sea, Ormond Beach, Florida. J /

First National Corporation of Alexander Ci ty , I nc . , Alexander City , Alabama, for approval t o acquire at l eas t 80 percent of the voting shares of F i r s t National Bank of Alexander C i ty , Alexander Ci ty , Alabama. J /

Loudon County Bancshares, Inc . , Lenoir C i ty , Tennessee, for approval to acquire 100 percent of the voting shares of Bank of Loudon County, Lenoir Ci ty , Tennessee. V

PB6 Financial Services , Inc . , Gracevi l le , F lor ida , for approval to acquire at l e a s t 80 percent of the voting shares of Peoples Bank of Gracevi l le , Gracevi l le , Florida. V

FORT MADISON FINANCIAL COMPANY, Fort Madison, Iowa, for approval to acquire at l e a s t 80.9 percent of the voting shares of Iowa S ta te Bank, Fort Madison, Iowa. V

Farmers & Merchants Bancshares, I n c . , Wright Ci ty , Missouri, for approval to acquire at l e a s t 96 percent of the voting shares of Farmers 8 Merchants Bank of Wright City, Wright City, Missouri . J /

17 Application processed on behalf of the Board of Governors under delegated ~ authority.


H.?. 1983 No. 30 - 12

S t . Louts

St . Louis

Minneapolis

Kansas City

Kansas City

Kansas City

Dallas

Dallas


Glasgow Bancshares Corporation, Glasgow, Kentucky, for approval to acquire at least 84 percent of the voting shares of New Farmers National Bank of Glasgow, Glasgow, Kentucky. J /

HNB Bancorp, Inc. , Hillsboro, I l l i n o i s , for ap-proval to acquire 100 percent of the voting shares of the successor by merger to The Hillsboro National Bank, Hillsboro, I l l i n o i s . ]_/

McGregor Banco, Inc . , McGregor, Minnesota, for approval to acquire 83.93 percent of the voting shares of State Bank of McGregor, McGregor, Minnesota. V

Colunbine Bankshares, Ltd. , Denver, Colorado, for approval to acquire 100 percent of the voting shares of Columbine Valley Bank and Trust Company, L i t t l e ton , Colorado, a proposed new bank. V

Haysvllle Bancshares, Inc . , Haysvil le , Kansas, for approval to acquire at l eas t 80 percent of the voting shares of First National Bank, Haysvil le , Kansas, a proposed new bank. \J

Stanley Corp., Stanley, Kansas, for approval to acquire 99.48 percent of the voting shares of Stanley Bancshares, Inc . , Stanley, Kansas and indirect ly acquire State Bank of Stanley, Stanley, Kansas. V

Tallulah Bancshares, Inc. , Tallulah, Louisiana, f o r approval t o acquire at least 80 percent of the voting shares of Tallulah State Bank & Trust Company, Tallulah, Louisiana. J /

Texas East BanCorp, Inc. , Jacksonvil le , Texas, for approval to acquire at l eas t 80 percent of the voting shares of The First National Bank of Jacksonvil le , Jacksonvil le , Texas. 1/

T7 Application processed on behalf of the Board of Governors under delegated authority.


H.2, 1983 No. 30 - 13 -


San F rand sco

Marathon Bancorp, Los Angeles, C a l i f o r n i a , f o r approval t o acqui re 100 percent of the voting shares of Marathon National Bank, Los Angeles, C a l i f o r n i a , a proposed new bank. !_/

* * * * *

Kansas City

Cleveland

Chicago

Kansas City

Kansas City

San Francisco

To Expand a Bank Holding Company Pursuant t o Section 3 (a ) (3 ) of the Bank Holding Company Act of 1956

Withdrawn Republic Bancshares of Missouri , I n c . , Kansas Ci ty ,

Missouri , f o r approval t o acquire a t l e a s t 90 percent of t he voting shares of S t . James Bank, S t . James, Missour i .

Approved F i f t h Third Bancorp, C inc inna t i , Ohio, f o r approval

t o acquire 100 percent of the voting shares of The Peoples National Bank of Wapakoneta, Wapakoneta, Ohio. V

Ames National Corporat ion, Ames, Iowa, f o r approval t o acqui re a t l e a s t 95 percent of the voting shares of S ta te Bank & Trust Co., Nevada, Iowa. V

Columbus Corp. , Columbus, Kansas, fo r approval t o acquire 100 percent of the voting shares of Stanley Corp. , S tanley , Kansas and i n d i r e c t l y acquire S ta te Bank of S tan ley , S tanley , Kansas. V

FirstBank Holding Company of Colorado and FirstBank Holding Company, both of Lakewood, Colorado, fo r approval t o acquire 100 percent of the voting shares of FirstBank of County Line Road/Holly, N.A., Arapahoe County, Colorado, a proposed new bank. V

Washington Independent Bancshares, I n c . , Olympia, Washington, fo r approval t o acquire 100 percent of the voting shares of the successor by merger t o Harbor Securi ty Bank, McCleary, Washington. _]_/

T7 Applicat ion processed on behalf of t h e Board of Governors under delegated ~ a u t h o r i t y .


H.2, 1983 NO. 30 - 14 -

Minneapolis

San Francisco

Boston

Boston


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

Approved Norwest Corporation (formerly Northwest Bancorpora-

t i o n ) , Minneapolis, Minnesota, f o r approval t o engage de novo in equi ty f inancing a c t i v i t i e s through i t s nonbank subs id i a ry , Banco Mortgage Company ( t o be known as Norwest Mortgage, I n c . ) .

Reactivated Securi ty Pac i f i c Corporat ion, Los Angeles, Cal i -

f o r n i a , n o t i f i c a t i o n of i n t en t to engage in de novo a c t i v i t i e s ( t o engage in c e r t a i n c l e a r -ing and custodian a c t i v i t i e s with respect to s e c u r i t i e s , commercial paper and s imi la r i n s t r u -ments such as ac t ing as forwarding agent , coupon paying agent and provider of t r ade confirmation se rv ices f o r s e c u r i t i e s and ac t ing as i ssuing and paying agent f o r commercial paper and s imi l a r instruments as well as a c t i v i t i e s inc ident t he r e to such as making of ca l l loans to s e c u r i t i e s dea le r s ) a t the Lumber Exchange Bui lding, 10 South F i f t h S t r e e t , Room 802, Minneapolis, Minnesota, serving the United S t a t e s , through i t s subs id ia ry , Securi ty Pac i f i c Clearing & Services Corp. , Inc . (7/26/83) 3/

Permitted BankEast Corporation, Manchester, New Hampshire,

n o t i f i c a t i o n of i n t en t t o engage in de novo a c t i v i t i e s ( in the provision of t r u s t s e r v i c e s , including a c t i v i t i e s of a f i d u c i a r y , investment advisory , agency or custodial nature) in Manchester and Rochester , these a c t i v i t i e s would be conducted in the s t a t e of New Hampshire, through i t s sub-s i d i a r y , BankEast Trust Company (7/28/83) 3/

UST Corp. , Boston, Massachusetts, 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 (in pro-viding a t o t a l ana lys i s of the c l i e n t ' s f inanc ia l p i c t u r e , including ana lys i s and recommendation of appropr ia te investments; fu rn i sh ing general economic information and advice , s t a t i s t i c a l

V 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 del gated a u t h o r i t y .


H.2, 1983 NO. 30 - 15 -


fo recas t ing serv ices and industry s t ud i e s ; and making general f inanc ia l planning recommendations) in the Gulfstream Building, 8751 West Broward Boulevard, Sui te 200, F t . Lauderdale, F lor ida , serving a l l of F lo r ida , through i t s subs id i a ry , FCA Corp. (7/29/83) 3/

New York Barclays Bank PLC and Barclays Bank In terna t ional Limited, both of London, England, request permission t o r e loca t e an ex i s t i ng o f f i c e engaging in the following a c t i v i t i e s ( the operat ion of a consumer f inance business and the sa le as agent of re la ted c r e d i t l i f e , c r e d i t accident and heal th and c r e d i t property insurance , including (A) d i r e c t ins ta l lment loans to ind iv iduals and the purchase of r e t a i l ins ta l lment notes [ s a l e s f i n a n c e ] , such as loans made t o indiv iduals f o r pe rsona l , family or house-hold purposes , including loans secured by real e s t a t e , the purchase on a discounted bas i s of con-t r a c t s and re la ted secu r i ty agreements a r i s i ng p r i n c i p a l l y from the s a l e by dea le r s of t i t l e d goods [ inc lud ing automobiles, mobile homes, t rave l t r a i l e r s and campers, and boat and marine equipment] and household goods [ inc luding f u r n i t u r e , t e l ev i s i on s e t s and appl iances] and re la ted wholesale f inancing cons i s t ing of f inancing d e a l e r s ' inventor ies of auto-mobiles , mobile homes and other c h a t t e l s , and (B) at the e l ec t i on of the borrowers from the respect ive consumer f inance subs id i a ry , s a l e of c r e d i t - r e l a t e d insurance , including decreasing term c r e d i t l i f e insurance , c r e d i t accident and heal th insurance , and c r e d i t property insurance designed to pro tec t the borrower 's personal property [ e . g . , household goods] which serves as c o l l a t e r a l fo r loans from the sub-s i d i a r y ; c r e d i t l i f e and c r e d i t accident and heal th insurance so sold may be underwrit ten or reinsured by a f f i l i a t e d insurance underwriting subs id i a r i e s ) from 1733 West Carriage S t . , Salt Lake City , Utah to 6053 South S ta te S t . , Murray, Utah, through t h e i r subs id i a ry , BarclaysAmerican F inanc ia l , Inc. (7/23/83) 3/

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


H.2, 1983 No. 30 - 1 6 -

ACTIONS OF THE BOARD-Con+inued

New York Horizon Bancorp, Morristown, New J e r s e y , requests per-mission to e s t a b l i s h a de novo o f f i c e engaging in the following a c t i v i t i e s (making or acqui r ing , f o r i t s own account or fo r t he account of o t h e r s , loans and o ther extens ions of c r e d i t [ inc luding issuing l e t t e r s of c r e d i t and accepting d r a f t s ] , such as would be made, f o r example, by a mortgage, f i nance , c r e d i t card or f a c to r i ng company; leas ing personal property or ac t ing as broker or advisor in leas ing such property such l ea ses meet the c r i t e r i a of Section 225 .4 (a ) (6 ) ) a t 355 S e t t l e r s Road, Holland, Michigan, through i t s subs id i a ry , Horizon Credi t -Corp. (7/29/83) 3/

New York Norstar Bancorp I n c . , Albany, New York, requests per-mission to expand the se rv ice area engaging in the following a c t i v i t i e s (making of l eases of personal proper ty and equipment f o r commercial and consumer use and t o ac t as agen t , broker or advisor in leasing such proper ty) a t Norstar Bui ld ing, 1450 Western Avenue, Albany, New York, t o include the s t a t e s of New York, New J e r s e y , Pennsylvania, Vermont, New Hampshire, Maine, Massachusetts , Connecticut and Rhode Is land , through i t s s u b s i d i a r y , Norstar Leasing serv ices Inc . (7/29/83) 3/

Norstar Bancorp Inc . , Albany, New York, requests per-mission to expand the se rv ice area engaging in the following a c t i v i t i e s (providing information and data processing serv ices f o r the in te rna l operat ions of Norstar Bancorp and i t s s u b s i d i a r i e s ) a t Norstar Bui ld ing , 1450 Western Avenue, Albany, New York t o include the s t a t e s of New York and Maine through i t s s u b s i d i a r y , Norstar Data Services Inc . (7/29/83) 3/

Norstar Bancorp I n c . , Albany, New York, requests per-mission to expand the se rv ice area engaging in the following a c t i v i t i e s ( the making of motor vehic le l eases fo r commercial and consumer use and to act as agen t , broker or advisor in leas ing such property) a t Norstar Bui lding, 1450 Western Avenue, Albany,

New York

New York

17 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 30

Cleveland

CI eveland

Richmond

Chicago

- 1 7 -


New York, t o Include the e n t i r e s t a t e s of New York, New J e r s e y , Pennsylvania, Vermont, New Hampshire, Maine, Massachuset ts , Connecticut and Rhode I s land , through i t s s u b s i d i a r y , Norstar Auto Lease Inc. (7/29/83) 3/

PNC Financial Corp, P i t t sbu rgh , Pennsylvania, 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 ( in t he o r i g i n a t i o n , processing and servic ing of mortgage real e s t a t e loans by mai l ; mail s o l i c i -t a t i o n s wi l l be conducted throughout the Sta te of New York) a t 1633 Broadway, New York, New York, through a wholly-owned subs id ia ry , Kissel!-New York, I n c . , of i t s wholly-owned subs id i a ry , The Kissel Company (7/24/83) 3 /

PNC Financial Corp, P i t t sbu rgh , Pennsylvania, no t i -f i c a t i o n of In t en t t o engage in de novo a c t i v i t i e s ( in t h e o r i g i n a t i o n , processing and servic ing of mortgage real e s t a t e loans by mail ; mail s o l i c i t a t i o n s wi l l be conducted throughout the Sta te of New Jersey) a t 28 West S ta te S t r e e t , Trenton, New J e r s e y , through a wholly-owned s u b s i d i a r y , Kissel1-New Je r sey , Inc . of i t s wholly-owned subs id i a ry , The Kissel 1 Company (7/24/83) 3/

NCNB Corporat ion, Cha r lo t t e , North Carol ina, 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 (making or acquir ing loans or o ther extensions of c r e d i t such as would be made by a commercial f inance company, including commercial loans secured by a borrower 's Inventory , accounts rece ivable or other accounts , and se rv ic ing such loans f o r o thers ) in Tampa, F l o r i d a , through i t s subs id i a ry , NCNB Financial Serv ices , Inc. (7/29/83) 2 /

Firstbank of I l l i n o i s Co., S p r i n g f i e l d , I l l i n o i s , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (making, acquir ing and serv ic ing mortgage loans and o ther extensions of c r e d i t as would be made by a mortgage banker, as well as s e l l i n g insurance d i r e c t l y re la ted to i t s extensions of c r e d i t ) at 1630 South Sixth S t r e e t , S p r i n g f i e l d , I l l i n o i s , and the a c t i v i t i e s t o be performed in South and Central I l l i n o i s , through i t s subs id i a ry , Firstbank Mortgage Co. (7/26/83) 3/

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 a u t h o r i t y .


H.2, 1983 No. 30 - 18 -


Chicago Heritage Wisconsin Corporat ion, Wauwatosa, Wisconsin, 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 ( in the s a l e of c r e d i t re la ted involuntary unemployment insurance) the geographic area to be served i s Southeast Wisconsin, through an ex i s t i ng subs id ia ry , Heritage Insurance Agency, Inc . (7/26/83) 3/

S t . Louis F i r s t City Corp. , Fort Smith, Arkansas, 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 ( in con-sumer and commercial f inance a c t i v i t i e s , including the extension of d i r e c t loans to consumers, the discount ing of r e t a i l ins ta l lment notes or c o n t r a c t s , the extension of d i r e c t loans to dea le r s for the f inancing of inventory [ f l o o r planning] and working cap i ta l purposes and making or acquir ing loans and other extensions of c r e d i t such as could be made or acquired by a consumer and commercial f inance company in Arkansas and Oklahoma; and ac t ing as agent for sa le of l i f e , accident and heal th insurance d i r e c t l y re la ted to i t s extensions of c r e d i t ) a t Phoenix S t ree t and Sta te Line Road, Arkoma, Oklahoma, serving the standard metro-pol i tan s t a t i s t i c a l area made up of 4 count ies : LeFlore and Sequoyah count ies in Oklahoma, and Crawford and Sebastian count ies in Arkansas, t h i s geographical area approximates a 25-mile radius of Arkoma, Oklahoma, through i t s subs id ia ry , F i r s t City Financial Services , Inc. (7/25/83) 3/

Minneapolis Norwest Corporat ion, Minneapolis, Minnesota, n o t i f i c a t i o n of i n t en t t o engage in de novo a c t i v i t i e s ( in lending and loan serv ic ing a c t i v i t i e s including making or acqu i r ing , fo r i t s own account or fo r the account of o t h e r s , loans , real e s t a t e mortgages, or other extensions of c r e d i t and servic ing loans , real e s t a t e mortgages, and other extensions of c r e d i t fo r any person) at 1100 Lincoln Avenue, York, Nebraska, serving Minnesota, Wisconsin, Iowa, South Dakota, North Dakota, Montana, Nebraska, I l l i n o i s , Missouri , Kansas, Colorado, Wyoming, Texas, Oklahoma, Idaho, Washington, and Oregon, through i t s wholly-owned subs id i a ry , Norwest Agricul tural Cred i t , Inc . (7/25/83) 3/

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


H.2, 1983 No. 30 - 19 -


Dallas F i r s t City Financial Corpora t ion , Albuquerque, New Mexico, 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 ( in mortgage banking a c t i v i t i e s including the o r i g i n a t i o n , s e l l i n g and se rv ic ing of real e s t a t e mortgage loans fo r i t s own account and the accounts of o the r s ) t he se a c t i v i t i e s would be conducted in the s t a t e s of New Mexico and West Texas from o f f i c e s located in A r t e s i a , Bel en , Farmington, Las Cruces, Rio Rancho, and Santa Fe, New Mexico, through i t s s u b s i d i a r y , F i r s t City Mortgage Company (7/30/83) 3/

Dal las Mercant i le Texas Corpora t ion , Da l l a s , Texas, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( ( a ) ac t ing as an investment or f i nanc i a l advisor t o the ex tent of ( i ) serving as an investment adv i so r , as def ined in Section 2 (a ) (20) of th Investment Company Act of 1940, to an investment company r e g i s t e r e d under t ha t Act, ( i i ) providing p o r t f o l i o investment advice to any o the r person, ( i i i ) f u r n i s h i n g general economic informat ion and advice and ( iv ) conducting such inc iden ta l a c t i v i t i e s as are necessary t o ca r ry on the a c t i v i t i e s s p e c i f i e d in the preceding c lauses ( i ) , ( i i ) and ( i i i ) ; (b) making or a cqu i r i ng , fo r i t s own account or f o r the account of o t h e r s , loans and o ther ex tens ions of c r e d i t such as would be made by a mortgage company, including loans secured by a borrower' real e s t a t e and o ther a s s e t s , and se rv ic ing such loans f o r o t h e r s ; and (c) performing real e s t a t e a p p r a i s a l s ) these a c t i v i t i e s would be conducted in a l l s t a t e of the United S t a t e s , the D i s t r i c t of Columbia and Puerto Rico, through i t s s u b s i d a i r y , Mercant i le Realty Services Corporation (a Texas co rpora t ion) (7/30/83) 3/

Dallas RepublicBank Corpora t ion , Da l las , Texas, 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 ( t o perform a c t i v i t i e s t h a t may be Tawfully c a r r i e d on by a t r u s t company, in the manner authorized by federa l and s t a t e law, including serving as t r u s t e e , pro-viding stock t r a n s f e r and r e g i s t r a r a c t i v i t i e s and providing agency and cus tod ia l s e rv i ces ) these a c t i v i t i e s wil l be performed in the S ta te of Texas and will be conducted from o f f i c e s located in Harris County, Texas, San Antonio, Texas and Richmond, Texas, through i t s s u b s i d i a r y , Republicb-mk Trust Company (7/28/83) 3/

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 a u t h o r i t y .


H.2, 1983 No. 30

San Francisco

San Francisco

- 2 0 -


BankAmerica Corporat ion, San Francisco, 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 en t to expand de novo a c t i v i t i e s (making or acquir ing f o r i t s own account loans and other extensions of c r e d i t such as would be made or acquired by a f inance company; servic ing loans and other extensions of c r e d i t ; and o f f e r i n g c r e d i t -re la ted l i f e insurance , c r e d i t - r e l a t e d accident and hea l th insurance and c r e d i t - r e l a t e d property insurance; property insurance wil l be o f fe red only in Tennessee as permitted under Section 56-6-20 of the Tennessee Insurance Code; t h e r e will be no property insurance o f f e r e d in e i t h e r the s t a t e s of Arkansas or Miss i ss ipp i ; the aforementioned types of c r e d i t - r e l a t e d insurance a re permiss ib le under Section 4(c)(8)(A) and/or 4(c)(8)(D) of the Bank Holding Company Act of 1956, as amended by the Gam-St Germain Depository I n s t i t u t i o n s Act of 1982; such a c t i v i t i e s will inc lude , but not be l imited t o , making consumer ins ta l lment loans and loans to bus inesses , purchasing ins ta l lment sa les f inance c o n t r a c t s , making loans and other extensions of c r e d i t secured by real and personal proper ty , 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 , c r e d i t - r e l a t e d accident and health and c r e d i t - r e l a t e d property insurance; 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 accident and heal th insurance may be reinsured by BA Insurance Company, I n c . , an a f f i l i a t e of each of the above named subs id i a r i e s ) in Memphis, Tennessee; Shreveport , Louisiana; and Southaven, Miss s i s s ipp i ; both the Memphis and Shreveport o f f i c e s will each serve the addi t ional s t a t e of Arkansas, the Southaven o f f i c e will serve the e n t i r e s t a t e s of Miss i s s ipp i , Arkansas and Tennessee, through i t s four i n d i r e c t s u b s i d i a r i e s , FinanceAmerica Credit Corporation (a Delaware co rpora t ion ) ; FinanceAmerica Corporation (a Louisiana co rpo ra t i on ) ; FinanceAmerica Corporation (a Mississippi corpora t ion) and FinanceAmerica Indus t r ia l Plan Inc. (a Mississ ippi corporat ion) (7/29/83) 3/

Rainier Bancorporation, 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 t o engage in de novo a c t i v i t i e s (general mortgage banking inc lud ing , but not l imited t o , making or acqu i r ing , f o r i t s own account or fo r the account of o t h e r s , loans and other extensions 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 and non-res ident ia l real e s t a t e ;

3/ 4 (c ) (8 ) n o t i f i c a t i o n p rocessedby Reserve Bank on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 30 - 21 -


se rv ic ing loans and other extensions of c r e d i t fo r any person; s e l l i n g mortgage loans in the secondary market and o f f e r i n g mortgage term l i f e insurance , acc iden t , hea l th and d i s a b i l i t y insurance d i r e c t l y re la ted to such lending and serv ic ing a c t i v i t i e s ) in Prescot t and Yuma, Arizona, serving the s t a t e of Arizona, through i t s s u b s i d i a r y , Rainier Mortgage Company (7/29/83) 3/

San Secur i ty P a c i f i c Corporat ion, Los Angeles, C a l i f o r n i a , Francisco n o t i f i c a t i o n of In ten t t o engage in de novo a c t i v i t i e s

( t o engage in c e r t a i n c lea r ing and custodian a c t i v i t i e s with respect t o s e c u r i t i e s , commercial paper and s imi l a r instruments such as ac t ing as forwarding agen t , coupon paying agent and provider of t r ade confirmation serv ices f o r s e c u r i t i e s and act ing as i s su ing and paying agent fo r commercial paper and s imi l a r instruments as well as a c t i v i t i e s incident t h e r e t o such as making of c a l l loans to s e c u r i t i e s dea l e r s ) a t the Lumber Exchange Building, 10 South F i f t h S t r e e t , Room 802, Minneapolis, Minnesota, serving the United S t a t e s , through i t s subs id ia ry , Secur i ty P a c i f i c Clearing & Services Corp., Inc. (7/26/83) 3/

Secur i ty P a c i f i c Corporat ion, Los Angeles, 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 en t t o engage in de novo a c t i v i t i e s ( in f i n a n c i n g , leas ing and servic ing a c t i v i t i e s with respec t to personal property and equipment and real property) a t 333 South Hope S t r e e t , Los Angeles, C a l i f o r n i a , serving the United S t a t e s , through i t s s u b s i d i a r y , Secur i ty P a c i f i c Public Finance, Inc. (7/29/83) 3/

San Securi ty P a c i f i c Corporat ion, Los Angeles, C a l i f o r n i a , Francisco n o t i f i c a t i o n of i n t en t t o engage in de novo a c t i v i t i e s

( in providing data processing and data t ransmission s e r v i c e s , data bases or f a c i l i t i e s [ inc luding data processing and data t ransmission hardware, so f tware , documentation, and operat ing personnel] for the in te rna l opera t ions of the holding company or i t s s u b s i d i a r i e s ; and providing to o thers data processing and t ransmiss ion s e r v i c e s , f a c i l i t i e s , data bases or access t o such s e r v i c e s , f a c i l i t i e s , or data bases by any t echno log ica l ly f e a s i b l e means, where:

San Francisco

37 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under delegated 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, 1983 No. 30 - 22 -

ACTIONS OF THE BOARD - Continued

(a) data to be processed or furnished are f i n a n c i a l , banking, or economic, and the se rv ices are provided pursuant t o a wr i t t en agreement so descr ibing and l imi t ing the s e r v i c e s ; (b) the f a c i l i t i e s are designed, marketed, and operated fo r the processing and t ransmission of f i n a n c i a l , banking, or economic d a t a ; and (c) hardware in connection therewith i s o f f e r ed only in conjunction with sof tware designed and marketed f o r the processing and transmission of f i n a n c i a l , banking, or economic d a t a , and where the general purpose hardware does not c o n s t i t u t e more more than 30 percent of the cost of any packaged o f f e r i n g ) a t 10089 Willow Creek Road, San Diego, C a l i f o r n i a , serving the United S t a t e s , through i t s subs id i a ry , Securi ty Pac i f i c Information Serv ices , Inc . (7/30/83) 3/

San United Bancorporation Alaska, I n c . , Anchorage, Alaska, Francisco 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

(making or acquir ing loans and other extensions of c r e d i t such as would be made by a mortgage company and/or commercial f inanc ia l company inc luding: real e s t a t e cons t ruct ion loans , both commercial and r e s i d e n t i a l ; real e s t a t e r e s i d e n t i a l term loans; commercial loans secured by a borrower 's inventory, accounts r ece ivab le , or o ther a s s e t s : and ins ta l lment consumer loans; and b) servic ing such loans fo r o t h e r s , in accordance with the Board's Regulation Y; and c) ac t ing as agent or broker fo r c r e d i t - r e l a t e d l i f e , a cc iden t , hea l th or unemployment insurance; pursuant to Section 601(A) of T i t l e VI of the Garn-St Germain Act) a t 645 G. S t r e e t , Anchorage, Alaska, serving the S ta te of Alaska, through i t s subs id ia ry , UBA Mortgage Company, Inc . (6/16/83)

* * * * *

To Issue E l i g i b l e Acceptances up to 200 Percent of Paid- in Capital and Surplus

Approved New York Chemical Bank, New York, New York, to accept or

be obl igated f o r a p a r t i c i p a t i o n i n , d r a f t s or b i l l s of exchange in an aggregate amount at any one time up t o 200 percent of i t s paid up and unimpaired cap i t a l stock and su rp lu s . V


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 a u t h o r i t y .


H.2, 1983 No. 30 - 2 3 -

APPLICATIONS RECEIVED

To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act

[At lanta Trust Company Bank, At l an ta , Georgia, t o merge with Bank of Woodstock, Woodstock, Georgia. 2/

* * * * *

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

Richmond Dominion Trust Company, Roanoke, Virg in ia ,

Applicat ions and No t i f i c a t i ons fo r In te rna t iona l Investments and Other Actions Pursuant t o Section 25 and 25(a)

of the Federal Reserve Act and Sections 4 ( c ) ( 9 ) , 4(c)(13) and 4(c)(14) of the Bank Holding Company Act of 1956, as amended

New York BNY In te rna t iona l Investments, I n c . , Miami, F lor ida : reques ts consent t o make an addi t ional investment in I t s j o i n t venture investment, Wesdelf, L td . , Per th , A u s t r a l i a .

New York Chemical In te rna t iona l Finance, L td . , New York, New York: requests consent to acquire CB Betell ingungs und Verwaltungsgesel1schaft , F r ank fu r t , Germany, from i t s paren t , Chemical Bank, New York, New York.

New York Ramapo Financial Corporation, Wayne, New Je r sey , Ultra Bancorporation, Bridgewater, New Jersey and New Jersey National Corporation, Trenton, New Je r sey : p r io r n o t i f i c a t i o n of i n t en t t o e s t a b l i s h a de novo j o i n t venture export t rading company t o be known as Bankers In te rna t iona l Trading Company.

2J Application subjec t to Community Reinvestment Act. The Community A f f a i r s Of f i ce r of the appl icab le Reserve Bank may be contacted as t o the length of the comment pe r iod .


H.2, 1983 No. 30 - 24

APPLICATIONS RECEIVED - Continued

San Francicso

The Bank of C a l i f o r n i a , N.A., San Francisco, C a l i f o r n i a : request a Board determination t h a t the placement of short term investments in ten major Japanese s e c u r i t i e s companies would be usual in connection with the t r ansac t ion of the business of banking in Japan.

San Francisco

BankAmerica In te rna t iona l Financial Corporation, San Francisco, C a l i f o r n i a : p r io r n o t i f i c a t i o n of i t s i n t e n t t o increase i t s investment in BA Finance and Secu r i t i e s (Thailand) Ltd.

* * * * *

To Form a Bank Holding Company Pursuant t o Section 3 (a ) (1 ) of the Bank Holding Company Act of 1956

Richmond One Bancorp of West Vi rg in ia , I n c . , Huntington, West V i rg in i a , f o r approval to acquire 100 percent of the voting shares of The F i r s t Huntington National Bank, Huntington, West V i rg in i a . Zj

Richmond Palmetto S ta te Bankshares, I n c . , Hampton, South Carol ina , f o r approval to acquire 100 percent of t he voting shares of Palmetto Sta te Bank, Hampton, South Carol ina . Zj

Atlanta A l b e r t v i l l e Bancshares, I nc . , A l b e r t v i l l e , Alabama, fo r approval t o acquire 100 percent of the voting shares of The A l b e r t v i l l e National Bank, Alber t -v i l l e , Alabama. 2/

Atlanta F i r s t National Jasper Corporation, J a spe r , Alabama, fo r approval t o acquire 100 percent of the voting shares of The F i r s t National Bank of J a spe r , J a s p e r , Alabama. Zj

Atlanta Peoples Holding Company, Winder, Georgia, for approval to acquire a t l e a s t 80 percent of the voting shares of The Peoples Bank, Winder, Georgia. 2/

2/ Applicat ion subjec t t o Community Reinvestment Act. The Community ~ A f f a i r s O f f i c e r of the app l icab le Reserve Bank may be contacted

as t o the length of the comment pe r iod .


H.2, 1983 No. 30

Atlanta

Chicago

Chicago

Chicago

Chicago

Chicago

S t . Louis

Minneapolis

- 25 -


SSG, L t d . , Miami, F lo r ida , f o r approval t o acquire up t o 33 percent of the voting shares of Southeast Banking Corporat ion, Miami, Florida and i n d i r e c t l y acquire Southeast Bank a t Bartow, N.A., Bartow, F lor ida ; Southeast Bank of Belle Glade, N.A., Belle Glade, F lo r ida ; Southeast Bank of Lee County, N.A., Cape Coral , F lo r ida ; Flor ida Bank a t Chi pi ey, Chi pi ey, F lor ida ; Southeast Bank of the Flor ida Keys, N.A., Key West, F lo r ida ; Southeast Bank of Madison County, Madison, F lor ida ; Southeast Bank, N.A., Miami, Flor ida and Southeast Bank of Per ry , F l o r i d a . 2/

Ci t i zens Community Bankshares, I nc . , Wittenberg, Wisconsin, f o r approval to acquire 70.93 percent or more of the voting shares of Ci t izens S ta te Bank of Wittenberg, Wittenberg, Wisconsin. 2/

Frankfor t Bancshares, I n c . , F rankfo r t , I l l i n o i s , f o r approval t o acquire a t l e a s t 85.7 percent of t he voting shares of Frankfort S ta te Bank, F rank fo r t , I l l i n o i s . 1}

LaSalle Bancorp, I n c . , LaSalle, I l l i n o i s , fo r approval t o acquire 100 percent of the voting shares of the successor by merger to LaSalle National Bank, LaSal le , I l l i n o i s . 2/

NC Bancorp, I nc . , Chicago, I l l i n o i s , for approval t o acqui re 100 percent of the voting shares of Edens Plaza Sta te Bank, Wilmette, I l l i n o i s . 2:/

Oquawka Bancshares, I n c . , Oquawka, I l l i n o i s , fo r approval t o acquire 80 percent or more of the voting shares of Bank of Oquawka, Oquawka, I l l i n o i s . 2J

Dix Bancshares, I n c . , Oix, I l l i n o i s , fo r approval t o acquire a t l e a s t 87 percent of the voting shares of F i r s t S ta te Bank of Oix, Dix, I l l i n o i s . 7J

Central Montana Bancorporation, Roundup, Montana, f o r approval t o acquire a t l e a s t 85.86 percent of the voting shares of F i r s t Securi ty Bank of Roundup, Roundup, Montana. 2/

27 Applicat ion sub jec t t o Community Reinvestment Act. The Community A f f a i r s O f f i c e r of the app l i cab le Reserve Bank may be contacted as t o the length of the comment pe r iod .


H.2, 1983 No. 30 26 -

Minneapolis

Minneapolis

Minneapolis

Kansas City

Kansas City

Kansas City

Kansas City

Kansas City

Dal las


Flathead Lake Bancorporation, I n c . , Poison, Montana, fo r approval t o acquire a t l e a s t 80.08 percent of the voting shares of F i r s t Ci t izens Bank of Poison, Poison, Montana. 2,f

Randall Bancshares, I nc . , Lake Andes, South Dakota, f o r approval t o acquire 100 percent of of voting shares of Andes S ta te Bank, Lake Andes, South Dakota. 2/

Wakefield Bancorporation, I n c . , Wakefield, Michigan, fo r approval to acquire a t l e a s t 98.8 percent of the voting shares of The F i r s t National Bank of Wakefield, Wakefield, Michigan. 2/

Fremont Bank Corporat ion, Canon Ci ty , Colorado, f o r approval t o acquire at l e a s t 80 percent of the voting shares of Fremont National Bank of Canon C i t y , Canon C i ty , Colorado. 2/

Leedey Bancorporation, I n c . , Leedey, Oklahoma, for approval t o acqui re 52.31 percent of the voting shares of The F i r s t National Bank of Leedey, Leedey, Oklahoma. 2/

Lincoln Bancshares, I n c . , Lincoln, Missouri , for approval t o acqui re 80.9 percent of the voting shares of The Farmers Bank of Lincoln, Lincoln, Missouri . 2J

Northwest Bancshares, I n c . , Woodward, Oklahoma, f o r approval t o acquire 100 percent of the voting shares of Bank of the Northwest, Woodward, Oklahoma. 2/

Post Bancorp, I nc . , Colorado Springs, Colorado, fo r approval to acquire a t l e a s t 80 percent of the vot ing shares of Northern National Bank, Colorado Springs , Colorado. 2j

Borger F i r s t Corporat ion, Borger, Texas, fo r approval t o acquire a t l e a s t 80 percent of the voting shares of F i r s t National Bank of Borger, Borger, Texas. 2/

17 Applicat ion sub jec t to Community Reinvestment Act . The Community "" A f f a i r s O f f i c e r of the app l i cab le Reserve Bank may be contacted

as t o the length of the comment pe r iod .


« . ? . 1983 to. 30 - 2 7 -

APPltCATlONS RECEIVED - Continued

Dal las Caldwell Holding Company, Columbia, Louisiana, for approval t o acquire a t l e a s t 98.4 percent of the voting shares of Caldwell Bank 8 Trust Company, Columbia, Louis iana . 2J

Dallas F i r s t Artes ia Bancshares, I nc . , A r t e s i a , New Mexico, f o r approval t o acquire 100 percent of the voting shares of The F i r s t National Bank of Ar t e s i a , A r t e s i a , New Mexico. 2/

OaMas Joaquin Bankshares, I n c . , Huntington, Texas, fo r approval t o acquire a t l e a s t 97.8 percent of the voting shares of Texas S ta te Bank, Joaquin, Texas. 2/

Dal las Swiss Avenue Bankshares, I n c . , Da l las , Texas, fo r approval t o acquire a t l e a s t 80 percent of the voting shares of Swiss Avenue Sta te Bank, Dal las , Texas. 2/

To Expand a Bank Holding Company Pursuant t o Section 3 (a ) (3 ) of t he Bank Holding Company Act of 1956

Phi ladelphia

Richmond

Atlanta

Merchants Bancorp, I n c . , Allentown, Pennsylvania, f o r approval t o acquire 100 percent of the voting shares of Easton National Bank and Trust Company, Easton, Pennsylvania. 2J

Centurion Bancorp, I n c . , Char les ton, West Vi rg in ia , f o r approval t o acqui re 100 percent of the voting shares of Ci t izens National Bank of S t . Albans, S t . Albans, West V i rg in i a , y

Trust Company of Georgia, A t l an ta , Georgia, fo r approval t o acquire 80 percent of the voting shares of Peachtree Bancshares, I n c . , Chamblee, Georgia, and i n d i r e c t l y acqui re Peachtree Bank and Trust Company, Chamblee, Georgia, and Bank of Woodstock, Woodstock, Georgia. 2/

27 Applicat ion subjec t to Community Reivnestment Act. The Community ~ A f f a i r s O f f i c e r of t h e app l i cab l e Reserve Bank may be contacted

as to the length of t he comment pe r iod .


H.2. V983 NO. 30. - 2 8 -


Chicago

Chicago

Chicago

S t . Louis

Minneapolis

Kansas City

Kansas City

Hill Investment Co. , J ewe l l , Iowa, fo r approval to acquire a t l e a s t 8 .78 percent of the voting shares of Great Mid-West Financial Company, Ames, Iowa, and i n d i r e c t l y acquire a t l e a s t 89.79 percent of the voting shares of Universi ty Bank and Trust Company, Ames, Iowa. 2!

Michigan National Corporat ion, Bloomfield H i l l s , Michigan, f o r approval t o acquire 100 percent of the voting shares of S ta te Bank of Standish, S tandish , Michigan. Zj

Monmouth Financial Serv ices , I n c . , Monmouth, I l l i n o i s , fo r approval t o acqui re 100 percent of the voting shares of The F i r s t S ta te Bank of L i t t l e York, L i t t l e York, I l l i n o i s , j?/

F i r s t Arkansas Bankstock Corporat ion, L i t t l e Rock, Arkansas, fo r approval t o acquire a t l e a s t 80 percent of the voting shares of F i r s t Charter Bancshares, I n c . , Springdale , Arkansas and i n d i r e c t l y acquire F i r s t S ta te Bank, Springdale, Arkansas. 2/

Jorgenson Insurance Agency, I n c . , Kenmare, North Dakota, f o r approval t o acquire an addi t ional 61.5 percent of the voting shares of the S ta te Bank of Kenmare, Kenmare, North Dakota. 2/

Correc t ion: The Section 3 (a ) (3 ) app l ica t ion fo r Commerce Banc-

sha re s , I nc . , Kansas Ci ty , Missouri , which was combined with a Section 3 (a ) (5 ) and 4(c) (8) app l i ca t i on t ha t appeared on H.2 No. 28, 1983 was i n c o r r e c t l y f i l e d . 7J

FirstBank Holding Company of Colorado and FirstBank Holding Company, both of Lakewood, Colorado, fo r approval to acquire 100 percent of the voting shares of FirstBank a t Arapahoe/Yosemite, Arapahoe County, Colorado, a proposed new bank. 2J

* * * * *

2? Applicat ion sub jec t t o Community Reinvestment Act, The Community A f f a i r s O f f i c e r of the app l i cab le Reserve Bank may be contacted as to the length of the comment pe r iod .


H.2, 1983N0. 30 - 29 -


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

Boston Fleet Financial Group, I nc . , Providence, Rhode I s land , for approval to acquire ce r t a in a s se t s of Credico F inanc ia l , I n c . , I s e l i n , New Je rsey ; and 100 percent of the outstanding stock of Colonial American Life Insurance Company, Meta i r ie , Louisiana and Credico Mortgage Corp., Altamonte Springs , F lo r ida , through a new subsidiary of a p p l i c a n t ' s ex i s t i ng subs id i a ry , Fleet Financial Corporat ion.

New York Bankers Trust New York Corporation, New York, New York, f o r approval to engage through i t s sub-s i d i a r y , BT Futures Corporation, New York, New York, in executing and c lea r ing options on fu tu res con t r ac t s on U.S. government s e c u r i t i e s and bu l l ion on c e r t a i n commodity exchanges.

New York Barclays Bank PLC and Barclays Bank Internat ional Limited, both of London, England, request permission to r e l o c a t e an ex i s t ing o f f i c e engaging in the following a c t i v i t i e s ( l ease f inancing of personal property by means of l eases t h a t meet the standards of Section 225.4(a) (6) of Regulation Y) from 1020 South Spr ingf ie ld Avenue, Mountainside, New Jersey to 90 Mi 1 burn Avenue, Mil burn, New Je r sey , through t h e i r subs id i a ry , BarclaysAmerican/Leasing, Inc. (7/29/83)

New York Barclays Bank PLC and Barclays Bank Internat ional Limited, both of London, England, request permission to r e loca te an ex i s t ing o f f i c e engaging in the following a c t i v i t i e s ( the operat ion of a consumer f inance business and the sa l e as agent of re la ted c r e d i t l i f e , c r e d i t accident and health and c red i t property insurance , including (A) d i r e c t ins ta l lment loans to ind iv idua ls and the purchase of r e t a i l ins ta l lment notes [ s a l e s f i n a n c e ] , such as loans made to ind iv idua ls fo r personal , family or household purposes, including loans secured by real e s t a t e , the purchase on a discounted bas is of cont rac t and re la ted secur i ty agreements a r i s i n g p r inc ipa l l y from the sa l e by dea le r s of t i t l e d goods [ including automobiles, mobile homes, t r ave l t r a i l e r s and campers, and boat and marine equipment] and household goods [ inc luding f u r n i t u r e , t e l e v i s i o n se t s and appl iances] and re l a t ed wholesale wholesale f inancing cons is t ing of f inancing dea le r s 1 inventor ies of automobiles,


H.2, 1983 No. 30

Cleveland

Richmond

- 3 0 -


mobile homes and other c h a t t e l s , and (B) at the e l ec t ion of the borrowers from [ t h e ] respect ive consumer f inance s u b s i d i a r i e s , s a l e of c r e d i t -r e l a t ed insurance , including decreasing term c r e d i t l i f e insurance , c r e d i t accident and health insurance , and c r e d i t property insurance designed to p ro tec t the borrower 's personal property [ e . g . , household goods] which serves as c o l l a t e r a l for loans from [ t h e ] s u b s i d i a r i e s ; c r e d i t l i f e and c r e d i t accident and heal th insurance so sold may be underwrit ten or reinsured by insurance under-wri t ing s u b s i d i a r i e s ) from 212 East J e f f e r son S t r e e t , Monroe, North Carolina to 2204 West Roosevelt Blvd. , Monroe, North Carol ina , through t h e i r s u b s i d i a r i e s , BarclaysAmerican/Financial , I n c . , BarclaysAmerican/Mortgage, Inc. and Barclays-American Financial Services , Inc. (7/29/83)

Banc One Corporat ion, Columbus, Ohio, n o t i f i c a t i o n of i n t en t to engage in de novo a c t i v i t i e s ( leas ing personal property and equipment, or act ing as agent , b roker , or advisor in leasing of such proper ty , where such property i s acquired by the l e s so r a t the request of the l e s s e e , f o r business purposes and where at the inception of the i n i t i a l lease the expections i s t h a t the e f f e c t of the t r ansac t ion and reasonably an t ic ipa ted fu tu re t r ansac t ions with the same lessee as to the same property will be to compensate the l e s so r for not l ess than the l e s s o r ' s f u l l investment in the property; making, acquiring and s e l l i n g , for i t s own account and for the account of o t h e r s , loans and other extensions of c r ed i t including loans to f inance ag r i cu l tu ra l production, commercial and i ndus t r i a l loans , and loans to ind iv idua ls for household, f ami ly , and other personal expendi tures; and serv ic ing such loans and other extensions of c r e d i t f o r i t s e l f and for n o n - a f f i l i a t e d banks and for i n s t i t u t i o n a l inves tors ) at 1910 Cochran Road, P i t t sbu rgh , Pennsylvania, through i t s subs id ia ry , Banc One Leasing Corporation (7/22/83)

South Carolina National Corporation, Columbia, South Carol ina , f o r approval to acquire the asse t s of the James Island branch of Berkley Loans, Inc . , Char les ton, South Caro l ina .



SSG, L td . , Miami, F lo r ida , f o r approval to acquire Churchil1 Mortgage Company, Mi ami, F lor ida ; Financial C a r r i e r s , I n c . , Miami, F lor ida ; South-eas t Acceptance Corporation, Southeast Acquisit ion Company, Mi ami, F lo r ida ; Coastal Mortgage Company, Sarasota , F lo r ida ; Palmer F i r s t National Bank and Trust Company of Sarasota , Sarasota , F lor ida ; Pa r t r i dge , I nc . , Miami, F lor ida ; Bluehil1 Corporation, Miami, F lo r ida ; C.S.U., I n c . , Mi ami, F lor ida ; County, I n c . , Miami, F lo r ida ; Cumberland Real Estate Company of F t . Lauderdale, I n c . , Miami, F lor ida ; Getaway Bay Development Company, I n c . , Miami, F lor ida ; HHM of Memphis, I n c . , Memphis, F lor ida ; Jenbank, I n c . , Largo, F lor ida ; K.H. Development Company, Miami, F lo r ida ; Overage, I n c . , Miami, F lor ida ; P.B.V. Development Company, I n c . , Miami, F lor ida ; QaulIs , I n c . , Miami, F lo r ida ; S.E.T.L.D. Co., I nc . , Miami, F lor ida ; 700 Island Way Management Co., I n c . , Miami, F lo r ida ; Southeast F i r s t Leasing, I n c . , Miami, Florida Southeast SErvices, Inc . , Mi ami Springs, F lor ida ; Southern Land Liquidat ing, Inc . , Miami, F lo r ida ; Sylvan P rope r t i e s , Inc . , Miami, F lo r ida ; V.W.S. Development Company, I nc . , Miami, F lo r ida ; da/Vero Capital Corporat ion, Miami, F lor ida ; Southeast Consumer Finance, I nc . , Miami, F lor ida ; Southeast Credit Insurance Agency, I n c . , Miami, F lo r ida ; Southeast Data Processing, Inc . , Miami, F lo r ida ; Southeast Financial Services , I n c . , Miami, F lo r ida ; Southeast Mortgage Company, Miami, F lor ida ; Finger Lakes Development Corporat ion, Miami, F lor ida ; Income P rope r t i e s , I n c . , Miami, F lor ida ; One Hundred S t r e e t , I n c . , Miami, F lo r ida ; SEMCO Prope r t i e s , I n c . , Miami, F lo r ida ; SEMCO Services , Inc . , Miami, F lo r ida ; Ten Thousand Plaza , I n c . , Miami, F lor ida ; Southeast P rope r t i e s , I n c . , Miami, F lor ida ; Southeast Venture Cap i t a l , I n c . , Miami, F lo r ida .

Comerica Incorporated, D e t r o i t , Michigan, n o t i f i c a t i o n of in t en t to engage in de novo a c t i v i t i e s (in mortgage lending and s e r v i c i n g , investment advice, and real e s t a t e appraisal a c t i v i t i e s ) the a c t i v i t y wil l be conducted from de novo o f f i c e s in the D i s t r i c t of Columbia and the S ta tes o f M i c h i g a n , Massachusetts, New York, Georgia, F lor ida , Texas, Washington, Colorado, Ca l i fo rn i a and Minnesota, through a subs id i a ry , Comerica Mortgage Corporation) (7/19/83)


. 2 , 1983 No. 30 - 32 -


Chicago F i r s t Chicago Corporat ion, Chicago, I l l i n o i s , n o t i f i c a t i o n of in ten t to e s t a b l i s h s ix de novo o f f i c e s (making or acquir ing loans and other extensions of c r e d i t such as would be made by a f inance company, including asse t based lending and vendor f inanc ing ; serv ic ing such loans and other extensions of c r e d i t and making f u l l payout leases of personal property) the geographic scope will be the S ta tes of C a l i f o r n i a , Massachusetts , Michigan, New York, I l l i n o i s , and Ohio and throughout the United S t a t e s , through i t s subs id i a ry , F i r s t Chicago Credit Corporation (7/22/83)

Chicago Michigan National Corporat ion, Bloomfield H i l l s , Michigan, 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 (through i t s proposed E lec t ron i c Systems and Operations Divis ion, in providing bookkeeping and/or data processing s e r v i c e s , providing and maintaining data and f a c i l i t i e s f o r the in te rna l opera t ions of the holding company and i t s s u b s i d i a r i e s ; s to r ing and processing o ther banking, f i nanc ia l or r e l a t e d economic d a t a , such as p a y r o l l , accounts r ece ivab le /payab le , t r u s t and f i duc i a ry account ing, c r e d i t card a u t h o r i z a t i o n , including process ing, account ing, da ta t r ansmis s ions / se t t l emen t , and r e l a t ed s e r v i c e s , and providing consul ta t ion with respect to such se rv ices to the holding company, i t s s u b s i d i a r i e s , customers of those s u b s i d i a r i e s , cor respondents , n o n - a f f i l i a t e d f inanc ia l i n s t i t u t i o n s and o the r s on an i n d i r e c t and d i r e c t cont rac t ba s i s ; providing other data processing and transmission s e r v i c e s , f a c i l i t i e s , data bases or access to such s e r v i c e s , f a c i l i t i e s , data bases by any t ecno log ica l ly f e a s i b l e means fo r banking, f inanc ia l or economic d a t a ; s e l l i n g by-products of permiss ible data processing a c t i v i t i e s ; providing excess capaci ty on data processing and transmission f a c i l i t i e s ; p rov id ing , fo r a f e e , data processing and data t r a n s -mission hardware and software and ac t ing as agent , broker or advisor in obtaining or providing equipment to the ex ten t required to support the previously mentioned a c t i v i t i e s ) these a c t i v i t i e s wil l be performed in the S ta te of Michigan <(7/23/83)

S t , Louts kepublic Bancorp, I nc . , Lou i sv i l l e , Kentucky (making or acqui r ing for i t s own account or fo r the account of o t h e r s , loans and other extensions of c r e d i t such as would be made by a mortgage company and se rv ic ing such loans for o thers in


H.2, 1983 No. 30 - 33 -


accordance with the Board's Regulation Y) these a c t i v i t i e s wil l be performed in the Sta tes of Kentucky and Indiana, through i t s subs id i a ry , Republic Funding Company (7/11/83)

Minneapolis

Minneapolis

Minneapolis

Minneapolis

Central Montana Bancorporation, Roundup, Montana, f o r approval t o engage d i r e c t l y in general insurance agency a c t i v i t i e s in a community with a population not exceeding 5 ,000.

Northern Pla ins Bancshares, I n c . , Fargo, North Dakota, n o t i f i c a t i o n of i n t en t t o engage in de novo a c t i v i t i e s ( in leas ing personal property or ac t ing as a broker in leas ing such property in accordance with the Board's Regulation Y) a t Main and Broadway, Fargo, North Dakota, serving the s t a t e s of North Dakota, South Dakota, and Minnesota, through i t s s u b s i d i a r y , Northern Pla ins Leasing, Inc. (7/25/83)

Norwest Corporat ion, Minneapolis, Minnesota, n o t i f i -ca t ion of i n t e n t t o engage in de novo a c t i v i t i e s ( in the a c t i v i t i e s of consumer f i nance , sa les f inance and commercial f i nance , t he underwriting and s a l e of c r e d i t l i f e and c r e d i t accident and hea l th insurance r e l a t ed to extensions of c r e d i t by Norwest Financial New Hampshire, Inc. and Norwest Financial New Hampshire 1, I nc . , such a c t i v i t i e s under Subparagraphs A and D of T i t l e VI of the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982 and the o f f e r i n g for s a l e and s e l l i n g of t r a v e l e r s checks) said o f f i c e will serve Salem, New Hampshire and nearby communities in New Hampshire and Massachusetts , through i t s s u b s i d i a r i e s , Norwest Financial New Hampshire, I n c . , Norwest Financial New Hampshire 1, Inc. and Centurion Life Insurance Company (7/20/83)

Norwest Corporat ion, Minneapolis, Minnesota, n o t i f i -ca t ion of i n t en t to r e loca t e de novo a c t i v i t i e s ( in the a c t i v i t i e s of consumer f i nance , sa les f inance and commercial f i nance , the s a l e of c r e d i t l i f e , c r e d i t accident and heal th and property and c r e d i t - r e l a t e d casua l ty insurance re la ted to extens ions of c r e d i t by t h a t company, such sa le of c r e d i t - r e l a t e d insurance being a permiss ib le a c t i v i t y under Subparagraph D of T i t l e VI of the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982 and the o f f e r i n g fo r s a l e and s e l l i n g of t r a v e l e r s checks) from 100 Oaks Off ice Tower, 719


H.2, 1983 No. 30 34

Kansas City

Kansas City

San Francisco

San Francisco

San Francisco


Thompson Lane, Suite 301, Nashvi l le , Tennessee, t o 2601 Elmhill Park, Sui te " I " , Nashvi l le , Tennessee upon r e l o c a t i o n , said o f f i c e will serve Nashvi l le , Tennessee, through i t s subs id i a ry , Norwest Financial Tennessee, Inc . (7/21/83)

Eaton Capital Corporation, Eaton, Colorado, fo r approval t o acquire s u b s t a n t i a l l y a l l of the a s s e t s of Alpha Insurance Management, Inc . , Ault , Colorado, an insurance company engaged in the sa le of general insurance.

Galena Banc sha res , I nc . , Galena, Kansas, n o t i f i c a t i o n of i n t en t t o engage in de novo a c t i v i t i e s ( in the sa le of general insurance in a town with a population not exceeding 5,000) these a c t i v i t i e s will be per-formed in the c i t y of Galena, Kansas, and the surrounding rural area (7/29/83)

Central Pac i f i c Corporation, Bakers f i e ld , 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 en t t o engage in de novo a c t i v i t i e s (making, acqu i r ing , s e l l i n g , packaging and servic ing r e s iden t i a l and commercial mortgage loans and serv ices inc identa l t he re to ) in San Bernardino, C a l i f o r n i a , serving the area of Riverside and San Bernardino Counties loca l ly known as the Inland Empire and in Sacramento, C a l i f o r n i a , serving the Sacramento Metropolitan a r e a , through i t s subs id i a ry , Bankers' Funding Corp. (7/26/83)

Front ie r Bancorp, Vis ta , 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 en t t o engage in de novo a c t i v i t i e s ( to act de novo as t r u s t e e on deeds of t r u s t obtained by Front ie r National Bank, and other f inanc ia l i n s t i t u t i o n s , as c o l l a t e r a l fo r loans issued by those i n s t i t u t i o n s as permitted by s t a t e law) these a c t i v i t i e s would be conducted in the State of Ca l i fo rn ia (7/26/83)

Securi ty P a c i f i c Corporat ion, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of in ten t t o engage in de novo a c t i v i t i e s (making or acqu i r ing , fo r i t s own account or fo r o t h e r s , a s se t based business loans and o ther commercial or i ndus t r i a l loans and extensions of c r e d i t such as would be made by a f a c t o r i n g , rediscount or commercial f inance company, s e r i v c i n g , and leasing a c t i v i t i e s with respect to personal property and equipment and real property) in Phoenix, Arizona and Denver, Colorado, serving the United S t a t e s , through i t s subs id ia ry , Security Pac i f i c Finance Corp. (7/27/83)

I


H.2, 1983 No. 30 35


San Francisco

San Francisco

San Francisco

Securi ty Pac i f i c Corporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s (making or acqu i r ing , f o r i t s own account or fo r o t h e r s , asse t based business loans and other commercial or i ndus t r i a l loans and extensions of c r ed i t such as would be made by a f a c t o r i n g , rediscount or commercial f inance company, s e rv i c ing , and leasing a c t i v i t i e s with respect to personal property and equipment and real property) in Phoenix, Arizona and Denver, Colorado, serving the United S t a t e s , through i t s subs id i a ry , Securi ty Pac i f i c Finance Corp. (7/27/83)

Securi ty Pac i f i c Corporation, Los Angeles, C a l i f o r n i a , n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s (making or acqu i r ing , fo r i t s own account or fo r the account of o t h e r s , and servic ing fo r i t s e l f and o t h e r s , loans and extensions of c r e d i t , including making and purchasing condit ional sa les con t rac t s on mobile homes and manufactured housing, extending c r e d i t to dea le rs secured by mobile home and manufacturered housing uni ts pur-chased by such dea le r s f o r inventory , and other extensions of c r ed i t such as would be made by a fac to r ing company or a consumer f inance company, as well as act ing as broker or agent fo r the sa le of c r e d i t l i f e , c r e d i t accident and heal th insurance and c r ed i t property insurance [except t ha t c r e d i t property insurance would not be o f fe red in the S ta tes of Florida and Virg in ia] to the extent such insurance a c t i v i t i e s are permitted pursuant to Section 601(A) or (B) of T i t l e VI of the Garn St Germain Act) in San Diego, C a l i f o r n i a , Char lo t t e , North Carolina and Dal las , Texas, serving the States of Arizona, C a l i f o r n i a , F lo r ida , Georgia, Louisiana, New Mexico, North Carol ina , Oklahoma, South Carol ina , Tennessee, Texas and V i rg in i a , through i t s subsidiary Security Pac i f i c Housing Services , Inc. (7/27/83)

Valley National Corporation, Phoenix, Arizona, n o t i f i c a t i o n of in t en t to engage in de novo a c t i v i t i e s ( f o r permission to e s t a b l i s h de novo a consumer f inance , s a l e s f inance , leas ing f inance and commercial f inance company in Denver, Colorado; appl icant s t a t e s t h a t the proposed subsidiary would engage in the a c t i v i t i e s of consumer and dealer f i nanc ing , the leas ing of personal property and o f f e r i n g c r e d i t l i f e and d i s a b i l i t y insurance as agent or broker) these a c t i v i t i e s would be performed


1983 No. 30 - 9 6 -


from o f f i c e s of a p p l i c a n t ' s subsidiary in Denver, Colorado, and the geographic area to be served i s the S ta te of Colorado, through i t s subs id ia ry , Valley National Financial Services Company of Colorado (7/30/83)

* * * * *

REPORTS RECEIVED

None.

PETITIONS FOR RULEMAKING

None.


h2_19830730.pdf

Documents

i t i e s

i f i c

i c i e s

ci t i

t i rement

s i t ion of bank

s s e t s

f i s c