ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

Applications and Reports Received or Acted on H. 2 1974 No, 51 During the Week Ending December 21, 1974

District

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

Received The FTB Bank, Cincinnati, Ohio

-k /V -k ->

To Withdraw from Membership in the Federal Reserve System Without a Six-Month Notice as Prescribed by Section 9 of the Federal Reserve Act

Received 5 Commercial and Farmers Bank, Ellicott City, Maryland

* * * rk *

To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act

Received 5 First Commercial Bank, Arlington, Virginia. Branch to

be established at 3801 Wilson Boulevard, Arlington.

7 Bank of the Commonwealth, Detroit, Michigan. Branch to be established at the Northeast corner of Hayes Road and Seventeen Mile Road, Clinton Township, Macomb County.

8 Citizens Fidelity Bank & Trust Company. Branch to be established at the Northeast corner of St. Andrew1s Church Road and Quillman Drive, Louisville, Jefferson County.

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

H. 2 1974 No. 51

Received Cont'd Camden County Bank, Camdenton, Missouri. Branch to be established at 101 South Highway 5, Camdenton, Camden County.

Approved *The Annapolis Banking and Trust Company, Annapolis, Maryland.

Branch to be established on Riva Road near its intersection with Admiral Corcoran Drive, Annapolis, Anne Arundel County.

* * * * *

Thirty Day Notice of Intention to Establish an Additional Branch in a Foreign County

Received Morgan Guaranty Trust Company of New York, New York,

New York: an additional branch in England, to be located in London.

The Chase Manhattan Bank, N.A., New York, New York: an additional branch in the Virgin Islands, to be located in St. Thomas.

Approved The Chase Manhattan Bank, N.A., New York, New York:

two additional branches in Panama, to be located in La Coneepcion and in Penonome.

* * * * *

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

Received The Fifth Third Bank, Cincinnati, Ohio for prior

approval to merge with The FTB Bank, Cincinnati, Ohio.

* * * * *

^Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority.

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

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

Received Fifth Third Bancorp, Cincinnati, Ohio, for approval to

acquire 100 per cent (less directorsf qualifying shares) of the voting shares of the successor by merger to The Fifth Third Bank, Cincinnati, Ohio.

Clyde Bancorporation, Inc., Clyde, Kansas, for approval to acquire 80 per cent or more of the voting shares of The Exchange National Bank of Clyde, Clyde, Kansas.

Industrial Bancshares, Inc., Kansas City, Kansas, for ap-proval to acquire 80 per cent or more of the voting shares of Industrial State Bank, Kansas City, Kansas.

Approved Fidelity National Financial Corporation, Baton Rouge,

Louisiana, for approval to acquire 100 per cent of the voting shares (less directorsT qualifying shares) of the successor by merger to Fidelity National Bank of Baton Rouge, Baton Rouge, Louisiana.

First Mississippi National Corporation, Hattiesburg, Mississippi, for approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of the successor by merger to First Mississippi National Bank, Hattiesburg, Mississippi.

First Macomb Corporation, Mount Clemens, Michigan, for ap-proval to acquire 100 per cent of the voting shares of the successor by consolidation to Mount Clemens Bank, Mount Clemens, Michigan.

Greater Metro Bank Holding Company, Aurora, Colorado, for approval to acquire 80 per cent or more of the voting shares of Aurora National Bank, Aurora, Colorado.

Denied Pentagon Bankshares, Inc., Minneapolis, Minnesota, for

approval to acquire 87.4 per cent of the voting shares of State Bank of St. Anthony Village, St. Anthony Village, Minnesota.

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

H. 2 1974 No. 51 - 4 -

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

Received 6 Sun Banks of Florida, Inc., Orlando, Florida, for approval

to acquire 80 per cent or more of the voting shares of Peoples Bank of Broward County, Tamarac, Florida.

8 Mercantile Bancorporation Inc., St. Louis, Missouri, for approval to acquire at least 90 per cent (plus directors' qualifying shares) of the voting shares of United Bank of Macon, Macon, Missouri.

10 Metro Insurance Agency, Inc., Kansas City, Missouri, for approval to acquire 25 per cent of the voting shares of The Pleasant Hill Bank, Pleasant Hill, Missouri.

10 Valley View Bancshares, Inc., Overland Park, Kansas, for approval to acquire 24.99 per cent of the voting shares of Industrial Bancshares, Inc., Kansas City, Kansas, and indirectly Industrial State Bank, Kansas City, Kansas.

Approved 4 The Central Bancorporation, Inc., Cincinnati, Ohio, for

approval to acquire 100 per cent (less directors' qualify-ing shares) of the voting shares of The Newark Trust Company, Newark, Ohio.

* * * * *

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

Received 2 **Citicorp, New York, New York, notification of intent to 12-19-74

engage in cte novo activities (acting as a special pur-pose leasing corporation for specific leasing trans-actions with a single customer and in that connection to hold legal title to personal property) at 399 Park Avenue, New York, New York, through its subsidiary, Citimarlease (Whitney), Inc.

**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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

H. 2 1974 No. 51 s _

Received Continued 3 ^Philadelphia National Corporation, Philadelphia, Pennsyl- 12-16-74

vania, notification of intent to relocate de novo activities (making of installment loans for personal, family, or household purposes; the purchasing of sales finance contracts executed in connection with the sale of personal, family, or household goods or services; the selling of credit life insurance and credit accident and health insurance sold in connection with certain personal installment loans made and sales contracts purchased and reinsuring such insurance through Patrick Henry Insurance Company and Patrick Henry Life Insurance Company, both indirect subsidiaries of Philadelphia National Corpora-tion; and generally engaging in the business of a con-sumer finance company) from 420 North Mangum Street, Durham, North Carolina, to North Duke Mall, 3600 North Duke Street, Durham, North Carolina, through its subsid-iary, Signal Finance of North Carolina, Inc.

3 ^^Philadelphia National Corporation, Philadelphia, Pennsyl- 12-11-74 vania, notification of intent to engage in de novo activities (selling joint credit life insurance in connection with personal installment loans made pursuant to Signal Mortgage Corporation's second mortgage lending business and reinsuring such insurance through Patrick Henry Life Insurance Company, an indirect subsidiary of Philadelphia National Corporation; such activities will be conducted by Signal Mortgage Corporation at existing offices in the following locations in Ohio except that these locations are relevant to reinsurance only as establishing the locations of the credit transactions to which such reinsurance relates) at 3809 Darrow Road, Stow, Ohio; 192 South Main Street, Bowling Green, Ohio; 123 Golden Gate Shopping Center, Mawmee, Ohio; Great Lakes Mall, Room 242, 7850 Mentor Avenue, Mentor, Ohio; Perkins Plaza, Store 5, Perkins Avenue, Sandusky, Ohio; and Karnm's Plaza, 3766 Rocky River Drive, Cleveland, Ohio; through its indirect subsidiary, Signal Mortgage Corporation, Cleveland, Ohio.

5 **Maryland National Corporation, Baltimore, Maryland, 12-19-74 notification of intent to engage in d_e novo activities (engaging generally in the business of leasing personal property, including, but not limited to, the leasing of various types of equipment, machinery, vehicles, trans-portation equipment, and data processing equipment;

**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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

H.2 1974 No. 51 _ 6 -

Received Continued originating personal property leases as principal or agent; servicing personal property leases for affiliated or nonaffiliated individuals, partnerships, or corpora-tions; buying and selling and otherwise dealing in personal property lease contracts as principal or agent; acting as adviser in personal property leasing trans-actions; and engaging in the placement, as agent or broker, and through agents and brokers, of appropriate forms of insurance for Lhe purpose of protecting its interests as lessor or Lhe interests of others as lessors in such cases or such personal property) at 10 Light Street, Baltimore, Maryland, through a subsidiary, Maryland Affiliate Corporation.

6 **First Alabama Bancshares, Inc., Montgomery, Alabama, 12-18-74 notification of intent to engage in de novo activities (acting as insurance agent or broker with respect to credit life/accident and health insurance that is directly related to the extensions of credit by a bank or bank related firm; credit life/accident insurance that is directly related to the provision of other financial services by a bank or bank related firm; and insurance sold in communities which have a population not exceeding 5,000) at Athens and Gadsden, Alabama, through a subsidiary, FAB Agency, Inc.

6 **First Alabama Bancshares, Inc., Montgomery, Alabama, 12-20-74 notification of intent to engage in de novo activities (acting as insurance agent or broker with respect to credit life/accident and health insurance that is directly related to the extension of credit by a bank or bank related firm; credit life/accident insurance that is directly related to the provision of other financial services by a bank or bank related firm; and insurance sold in communities which have a population not exceed-ing 5,000) in Phenix City, Alabama, through a subsidiary, FAB Agency, Inc.

6 **The Fulton National Corporation, Atlanta, Georgia, 12-16-74 notification of intent to engage in de novo activities (making or acquiring, for its own account or for the account of others, loans and other extensions of credit, including without limitation, mortgage loans and loans to its subsidiaries) at 55 Marietta Street, Atlanta, Georgia.

**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf

of the Board of Governors under delegated authority.

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

H.2 1974 No. 51 . 7 .

Received Continued 7 MorAmerica Financial Corporation, Cedar Rapids, Iowa,

for approval to acquire the assets and retain certain insurance activities of Bezanson Investments, Inc., Cedar Rapids, Iowa.

9 **First Bank System, Inc., Minneapolis, Minnesota, notifi- 12-19-74 cation of intent to relocate de novo activities (making or acquiring, for its own account or for the account of others, loans or other extensions of credit such as would be made by a finance company; and incidental credit-related insurance agency activities) from 6160 North Cicero Avenue, Chicago, Illinois, to 2628 Golf Road, Glenview, Illinois, through its subsidiary, FBS Financial, Inc.

10 Industrial Bancshares, Inc., Kansas City, Kansas, for approval to retain its insurance agency business pre-sently being conducted at the offices of Industrial State Bank, Kansas City, Kansas.

11 **First International Bancshares, Inc., Dallas, Texas, 12-18-74 notification of intent to engage in de novo activities (providing bookkeeping and data processing services for the internal operations of Bancshares and its subsid-iaries; storing and processing other banking, financial, and related economic data; and performing such incident-al activities as are necessary to carry on the foregoing activities) at 1801 Msin Street, Houston, Texas, through a subsidiary, First International Services Corporation, Dallas, Texas.

12 **Patagonia Corporation, Tucson, Arizona, notification 11- 8-74 of intent to engage in de novo activities (leasing real property or acting as agent, broker, or adviser in leasing such property) at 222 West Osborn Road, Phoenix, Arizona, through its subsidiary, Patagonia Leasing Company.

12 **Security Pacific Corporation, Los Angeles, California, 12-10-74 notification of intent to engage in de novo activities (leasing and/or financing of personal property and equipment and real property; or acting as an agent, broker, or adviser in the leasing and/or financing of such property, where at the inception of the initial lease the effect of the transaction (and with respect to

**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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

H.2 1974 No. 51 - 8 -

Recelved Continued governmental entities only, reasonably anticipated future transactions) will yield a return that will compensate the lessor for not less than the lessor's full investment in the property plus the estimated total cost of financing the property over the term of the lease) at 1218 Third Avenue, Seattle, Washington, and 1925 Century Boulevard, N.E., Atlanta, Georgia, through its subsidiary, Security Pacific Leasing Corporation.

Approved 4 Mellon National Corporation, Pittsburgh, Pennsylvania,

for approval to retain the assets of Allomon Corpora-tion, McKees Rocks, Pennsylvania, and its 50 per cent-owned subsidiary, National Realty Enterprises, Inc., McKees Rocks, Pennsylvania, which owns 100 per cent of the shares of stock of Haymeadow National Corporation, McKees Rocks, Pennsylvania; and Allomon's wholly-owned subsidiary, Mellon National Mortgage Company of Ohio, Cleveland, Ohio, and its five wholly-owned subsidiaries located in Cleveland, Ohio; Allied Mortgage, Inc.; Lake States Investment, Inc.; Zook Management & Realty Com-pany; 3826 Euclid Avenue Corporation; and Lake States Insurance Agency, Inc.; and Mellon-Ohio's 51 per cent-owned subsidiary, Clark Development Co., Cleveland, Ohio.

Merchants National Corporation, Indianapolis, Indiana, for approval to acquire all of the voting shares of Pacific American Leasing Corp., Phoenix, Arizona.

Merchants National Corporation, Indianapolis, Indiana, for approval to acquire all of the voting shares of Plaza Life Insurance Company, Phoenix, Arizona.

Delayed **Marine Midland Banks, Inc., Buffalo, New York, notifica- 12-19-74

tion of intent to engage in due novo activities (origin-ating, making, acquiring, and servicing, for its own account or for the account of others, loans and other extensions of credit either unsecured or principally secured by mortgages on residential or commercial pro-perties or leasehold interests therein; acting as invest-ment or financial adviser to the extent of serving as the advisory company for a mortgage or real estate

**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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

H. 2 1974 No. 51 ~ 9 ~

Delayed Continued investment trust, furnishing general economic informa-tion and advice on real estate matters and providing portfolio investment advice on real estate matters; and performing property management services on property acquired as a result of a default on loans) at 9595 Wilshire Boulevard, Suite 501, Beverly Hills, Cali-fornia, through its subsidiary, Midland Research Cor-poration.

12 **Patagonia Corporation, Tucson, Arizona, notification 12-20-74 of intent to engage in de novo activities (leasing real property or acting as agent, broker, or adviser in leasing such property) at 222 West Osborn Road, Phoenix, Arizona, through its subsidiary, Patagonia Leasing Company.

Permitted 12 **BankAmerica Corporation, San Francisco, California, 12-15-74

notification of intent to engage in de novo activities (storing and processing of banking, financial, and related economic data, for one or more financial in-stitutions such as demand deposit accounting, general ledger accounting, account reconciliation, installment loan accounting, mortgage loan accounting, savings accounting, credit union accounting, and commercial loan accounting and the storing and processing of financial and accounting data for non-financial institutions relating to payroll, accounts receivable or payable, and other billing services) at 2200 East Devon Avenue, Des Plaines, Illinois, through its subsidiary, Decimus Corporation.

12 **BankAmerica Corporation, San Francisco, California, 12-20-74 notification of intent to relocate the Roanoke, Virginia office of its indirect subsidiary, FinanceAmerica Cor-poration a direct subsidiary of FinanceAmerica Corpora-tion, San Francisco, California, which engages in (making of consumer installment loans and purchasing installment sales finance contracts, and making of loans to small business; acting as agent or broker for the sale of credit related life/accident and disability insurance, and credit related property and casualty insurance in connection with extensions of credit by FinanceAmerica Corporation) from 11 Franklin Road, S.W. to 4301 Melrose Avenue, Roanoke, Virginia.

**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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

H.2 1974 No. 51

- 10 -

Permitted Continued 12 **Western Bancorporation, Los Angeles, California, noti- 12-19-74

fication of intent to engage in de novo activities (acting as insurance agent or broker with respect to the following types of insurance that are directly related to the extension of credit by Western Bancorporation or its subsidiaries, or to mortgage loan servicing by Western Bancorporation's banks or bank-related subsid-iaries: (1) credit life/accident and health insurance, and (2) mortgage disability and mortgage redemption insurance) at 245 South Los Robles Avenue, Pasadena, California, through its subsidiary, Western Bancorp Mortgage Company.

Withdrawn 6 **First Commerce Corporation, New Orleans, Louisiana, 12-16-74

notification of intent to engage in cte novo activities (servicing loans and other extensions of credit for any person) at 821 Gravier Street, New Orleans, Louisiana, through a subsidiary, First Investment Advisors, Inc.

10 **Guaranty Loan and Investment Corporation of Tulsa, 12-16-74 Inc., Tulsa, Oklahoma, notification of intent to engage in c[e novo activities (making or acquiring, for its own account or for the account of others, loans or other extensions of credit such as would be made by a mortgage banking concern; and servicing loans and other extensions of credit) in Tulsa, Oklahoma.

* * * * *

To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956

Received 7 **The Jacobus Company, Milwaukee, Wisconsin, notification 12-16-74

of intent to acquire the residential and commercial heating fuel oil business of Mobil Oil Corporation in the Metropolitan, Milwaukee area; in addition, The Jacobus Company would acquire five service trucks and the accounts receivable relating to such business.

**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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

H.2 1974 No. 51 - 11 -

Permitted 7 **Berkshire Hathaway Inc., New Bedford, Massachusetts, 12-15-74

notification of intent to acquire Coldwell, Banker & Company, Los Angeles, California, engaged primarily in real estate brokerage, mortgage loan activities, in-surance brokerage, appraisal services, development management, asset management, and property management.

10 **Cross Manufacturing, Inc., Lewis, Kansas, notification 12-17-74 of intent to acquire 100 per cent of the outstanding common stock of Holder Machinery and Hydraulic Cor-poration, Bay Springs, Mississippi.

**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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