ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2 , 1980 No. 44)

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

Received During the Week Ending November 1, 1980 APPLICABLE

RESERVE BANK ACTIONS OF THE BOARD

Regulat ion D amendments, the Board announced p u b l i c a t i o n of three ru l e s in f i n a l form amending Regulat ion D, t o g e t h e r with an amendment to the d e f i n i t i o n of Euro-currency l i a b i l i t i e s . (Docket No. R-0331)

Regu la t ion Q, I n t e r e s t on D e p o s i t s , the Board i s s u e d an i n t e r p r e t a t i o n providing t h a t f i x e d r a t e o b l i g a t i o n s of bank holding companies with c e r t a i n s p e c i f i c e d f e a t u r e s are not subjec t to i n t e r e s t r a t e c e i l i n g s . (Docket No. R-0239)

P o l i c y s t a t e m e n t , payments to brokers for research and brokerage s e r v i c e s by t r u s t i n s t i t u t i o n s subject to the Board's s u p e r v i s i o n ; the Board asked f o r comment by December 22 , 1980. (Docket No. R-0330)

Response to r e q u e s t s that the Board review i t s General C o u n s e l ' s den ia l of request for r e c o n s i d e r a t i o n a p p l i c a -t i o n s for hardship r e l i e f from Federal Reserve r e q u i r e -ments imposed by the Monetary Control Act .

Response to the A p p l i c a t i o n f o r Stay submitted by the S e c u r i t i e s Industry A s s o c i a t i o n dated October 16, 1980, wi th r e s p e c t to the Board's l e t t e r and s t a t e m e n t , dated

' September 26, 1980, regarding the p e t i t i o n of the SIA that the Board p r o h i b i t Bankers Trust Company, New York, New

< York from s e l l i n g commercial paper of i s s u e r s not r e l a t e d to the bank.

C i t i c o r p , New York, New York, the Board amended i t s Order of June 10, 1980, that provided for a formal hear ing on the proposal of C i t i c o r p to engage in data proces s ing a c t i v i t i e s through a c o r p o r a t i o n to be known as C i t i s h a r e Corporat ion .

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

H.2, 1980 No. 44 2 -

ACTIONS OF THE BOARD-Continued

To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 of the Federal Reserve Act

Approved San United C a l i f o r n i a Bank, Los Ange le s , C a l i f o r n i a . Branch Franc i sco to be e s t a b l i s h e d at the southwest corner of the Los

Rob l e s Avenue and Cordova S t r e e t , Pasadena, Los Angeles County, C a l i f o r n i a . 1/ & 2/

* * * * *

S t . Louis

Kansas Ci ty

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

Not Disapproved Mingo Bancshares , Puxico, Mis sour i .

Community Insurance Agency, I n c . , Haxtun, Colorado.

* * * * *

To Become a Member of the Federal Reserve System Pursuant to S e c t i o n 9 o f the Federal Reserve Act

Approved Kansas Ci ty C i t i z e n s S t a t e Bank and Trust Company, E l l s w o r t h , Kansas.

1/

San Franc i sco

The P r i n e v i l l e Bank, P r i n e v i l l e , Oregon. 1/ & 2/

San Franc i s co

Yaquina Bay Bank, Newport, Oregon. J / & 7j

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

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

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

H.2, 1980 No. 44 3 -

ACTIONS OF THE BOARD-Continued

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

Bos ton Approved

Northeast Bancorp, I n c . , New Haven, Connect icut : grants consent to acquire 51 percent of the s tock of U.T. F i -nance L imi ted , Hong Kong.

S i x t y Day N o t i f i c a t i o n Period Allowed to Expire New York Bankers Trust Company, New York, New York: no o b j e c t i o n

to e s t a b l i s h an i n i t i a l branch in T a i p e i , Taiwan, Republic of China.

New York Cit ibank, N . A . , New York, New York: no o b j e c t i o n to a c q u i r e , d i r e c t l y , a d d i t i o n a l shares of C i t i c o r p Leas-ing Canada Limited , Bur l ing ton , Canada ( L e a s i n g ) .

* * * * *

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

Returned Kansas City C i t i z e n s S e c u r i t y Bancshares , I n c . , Bixby, Oklahoma, for

approval to acquire 100 percent ( l e s s d i r e c t o r s ' q u a l i -f y i n g s h a r e s ) of t h e v o t i n g shares of C i t i z e n s S e c u r i t y Bank & Trust Company, Bixby, Oklahoma. 1/ & 2/

Approved Chicago S t a t e Bancshares , I n c . , S c h a l l e r , Iowa, for approval t o

acquire at l e a s t 80 percent of the v o t i n g shares of S t a t e Bank of S c h a l l e r , S c h a l l e r , Iowa. 1/ & 2/

S t . Louis The F i r s t Southeast Missouri Bancorporat ion , I n c . , S c o t t C i t y , M i s s o u r i , for approval to acquire at l e a s t 90 per-cent of the v o t i n g shares of Scot t City Bank and Trust Company, S c o t t C i t y , M i s s o u r i . 1/ & 2 /

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

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

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

H.2 , 1980 No. 44 - 4

ACTIONS OF THE BOARD-Continued

Minneapol i s Hopkins F i n a n c i a l Corporat ion, M i t c h e l l , South Dakota, f o r approval to acquire at l e a s t 80 percent of the v o t i n g shares of Live Stock S t a t e Bank, M i t c h e l l , South Dakota. V & 2 /

Kansas Ci ty Crete Investment Corporat ion , L i n c o l n , Nebraska, f o r ap-proval to acquire 100 percent ( l e s s d i r e c t o r s ' q u a l i f y i n g shares ) of the v o t i n g shares of City Bank & Trust Co . , C r e t e , Nebraska ( f o r m e r l y Ci t ibank and Trust Company of C r e t e ) . _L/ & 2/

Kansas City F i r s t B e l l e v i l l e Bancshares , I n c . , B e l l e v i l l e , Kansas, f o r approval to acquire at l e a s t 80 percent of the v o t i n g shares of F i r s t Nat ional Bank in B e l l e v i l l e , B e l l e v i l l e , Kansas. 1/ & 2 /

Kansas City Home S t a t e Bancorporat ion, I n c . , Hobart, Oklahoma, f o r ap-proval to acquire at l e a s t 80 percent of the v o t i n g shares of Home S t a t e Bank, Hobart, Oklahoma. JJ & 27

Kansas City Miami Nat iona l Bank Shares , I n c . , Miami, F l o r i d a , for ap-proval to acquire at l e a s t 80 percent of the v o t i n g s h a r e s of Miami Nat ional Bank, Miami, Oklahoma. 1/ & 2_/

Kansas Ci ty Moline F i n a n c i a l Corporat ion, Wichita , Kansas, f o r approval to acquire 83 percent of t h e v o t i n g shares of The Exchange S t a t e Bank, Moline, Kansas. _1/ & 2]

Kansas City Oketo Banc Shares , I n c . , Oketo, Kansas, for approval t o acqu ire at l e a s t 80 percent of the v o t i n g shares of Oketo S t a t e Bank, Oketo, Kansas. 1/ & 2 /

Kansas City Secur i ty S t a t e Holding Company of Fort S c o t t , I n c . , Fort S c o t t , Kansas, for approval to acquire at l e a s t 80 per-cent of the v o t i n g shares of Secur i ty S t a t e Bank, Fort S c o t t , Kansas. 1/ & 2 /

Kansas City Southwick Bancorp, Fr iend, Nebraska, f o r approval to acquire 9 5 . 4 percent of the v o t i n g shares ( l e s s d i r e c t o r s ' q u a l i -f y i n g s h a r e s ) of The F i r s t Nat ional Bank o f Fr i end , Fr iend, Nebraska. 1/ & 2 /

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

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

as to the l e n g t h of the comment per iod .

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

H.2, 1980 No. 44 - 5 -

ACTIONS OF THE BOARD-Continued

D a l l a s American S t a t e , Bancshares, I n c . , Broken Bow, Oklahoma, f o r approval to acquire 80 percent of t h e v o t i n g shares of American S t a t e Bank, Broken Bow, Oklahoma. 1/ & 2 /

D a l l a s Matador Bancshares , I n c . , Matador, Texas , for approval t o acquire 8 4 . 4 5 percent ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the v o t i n g shares of F i r s t S t a t e Bank of Matador, Matador, Texas . 1/ & 2/

* * * * *

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

Approved D a l l a s Commerce Southwest I n c . , D a l l a s , Texas, for approval t o

acquire 100 percent of the v o t i n g shares of Commerce Parkway Bank, N .A. , Addison, Texas , a proposed new bank. II & 2/

D a l l a s Commerce Southwest I n c . , D a l l a s , Texas , f o r approval to acquire 100 percent of the v o t i n g shares of Texoma Nat iona l Bank of Sherman, Sherman, Texas . l_/ & 2j

San Tennessee Homestead Company, Ogden, Utah, for approval to F r a n c i s c o acquire 1 .36 a d d i t i o n a l shares of the v o t i n g shares of

Bank of Utah, Ogden, Utah. 1/ & 2 /

* * * * *

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

Returned Kansas Ci ty Kansas Bank Corporat ion , L i b e r a l , Kansas, 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 ( to engage in l e a s -ing of personal property or to act as the agent , broker or a d v i s e r in l e a s i n g such equipment) at an o f f i c e in L i b e r a l , Kansas ( 1 0 / 3 1 / 8 0 ) 3_/

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

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

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

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

e

H.2, 1980 No. 44 - 6 -

ACTIONS OF THE BOARD-Continued

Withdrawn New York C i t i c o r p , New York, New York, n o t i f i c a t i o n of i n t e n t t o

engage in de novo a c t i v i t i e s ( the s a l e of c r e d i t prop-e r t y insurance in c o n n e c t i o n with both i t s c r e d i t card and d i r e c t consumer lending a c t i v i t i e s ) at 7720 York Road, Townson, Maryland, through i t s s u b s i d i a r y , C i t i c o r p F i n a n c i a l , I n c . ( 1 0 / 2 1 / 8 0 ) 3_/

Approved New York Algemene Maat sch app i j i voor N i j v e r h e i d s k r e d i e t N .V. , Antwerp,

Belgium and i t s s u b s i d i a r y , Kreditbank N.V. , B r u s s e l s , Belgium, for approval to cont inue to engage in commercial f inance and l e a s i n g a c t i v i t i e s through KB Business Credi t I n c . , New York, New York.

A t l a n t a Century Banks I n c . , Fort Lauderdale , F l o r i d a , f o r approval to o f f e r c r e d i t l i f e s e r v i c e s by C . B . I . Insurance Agency, Fort Lauderdale , F l o r i d a , through The S ta te Bank o f Apopka, Apopka, F l o r i d a .

Minneapol is J .D. Meier Agency, I n c . , L in ton , North Dakota, f o r approval to cont inue to engage in o p e r a t i n g a general insurance agency in a community with l e s s than 5 ,000 p o p u l a t i o n . \ j

Minneapol is Jerema, I n c . , Cannon F a l l s , Minnesota , for approval to con-t inue to engage in operat ing a genera l insurance agency in community of l e s s than 5 ,000 p o p u l a t i o n . _1/

Minneapol is Plaza Agency, I n c . , Waite Park, Minnesota, f o r approval to cont inue to engage in the s a l e of genera l insurance in a town of l e s s than 5 , 0 0 0 p o p u l a t i o n . 1/

Kansas City Mo l i n e F i n a n c i a l Corporat ion, Wichi ta , Kansas, for approval to engage in the s a l e of c r e d i t r e l a t e d insurance through the a c q u i s i t i o n o f Anita Hobbs Insurance Agency, Mo l i n e , Kansas. 1/

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

3/ 4 ( c ) ( 8 ) or 4 ( c ) (12) n o t i f i c a t i o n processed by Reserve Bank on behal f of t h e Board of Governors under de l ega ted a u t h o r i t y .

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

H.2, 1980 No. 44 - 7 -

ACTIONS OF THE BOARD-Continued

Kansas City Republican V a l l e y Investment Company, Or leans , Nebraska, f or approval to r e t a i n the a s s e t s of Republican Va l l ey Insur-ance Agency and thereby to cont inue to engage in general insurance agency a c t i v i t i e s in a community of l e s s than 5 ,000 p o p u l a t i o n . JL/

permit ted New York Manufacturers Hanover Corporat ion , New York, New York, n o -

t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (arrang ing , making or a c q u i r i n g for i t s own account or for the account of o t h e r s , loans and other e x t e n s i o n s of c r e d i t such as would be made or acquired by a mortgage company; s e r v i c i n g any such loans and other e x t e n s i o n s of c r e d i t for any person; a c t i n g as agent or broker } through CMC Insurance Agency, I n c . , f o r the s a l e of c r e d i t l i f e insurance and c r e d i t acc ident and h e a l t h insurance r e l a t i n g to such loans and other e x t e n s i o n s of c r e d i t ) at S u i t e 109, 6105 West S t . Joseph, Lansing , Michigan, through i t s s u b s i d i a r y , Manufacturers Hanover Mortgage Corporat ion ( 1 1 / 1 / 8 0 ) 3/

Richmond Union Trust Bancorp, Bal t imore , Maryland, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (making i n s t a l l m e n t loans to i n d i v i d u a l s for p e r s o n a l , fami ly or household purposes; purchas ing s a l e s f inance c o n t r a c t s executed in connec t ion w i t h the s a l e of persona l , f ami ly or house-hold goods and s e r v i c e s ; a c t i n g as agent in the s a l e of c r e d i t l i f e and c r e d i t acc ident and h e a l t h insurance d i r e c t l y r e l a t e d to i t s e x t e n s i o n s of c r e d i t ; a c t i n g as agent in the s a l e of insurance p r o t e c t i n g c o l l a t e r a l he ld aga ins t the e x t e n s i o n s o f c r e d i t ; and making mort-gage loans secured in whole or in part by mortgage or other l i e n on r e a l e s t a t e ) at 7060 Spring Garden Dr ive , S p r i n g f i e l d , V i r g i n i a , through i t s s u b s i d i a r y , Landmark F i n a n c i a l S e r v i c e s , Inc . ( 1 0 / 2 7 / 8 0 ) _3/

At lanta Southern Bancorporat ion of Alabama, Birmingham, Alabama, 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 (prov id ing bookkeeping or data proces s ing s e r v i c e s for the i n t e r n a l o p e r a t i o n s of the hold ing company and i t s s u b s i d i a r i e s and s t o r i n g and p r o c e s s i n g other banking,

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

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

H.2, 1980 No. 44 - 8 —

ACTIONS OF THE BOARD-Cont inued

f i n a n c i a l , or o ther r e l a t e d economic data such as perform-i n g p a y r o l l , accounts r e c e i v a b l e or payable or b i l l i n g s e r v i c e s for o t h e r s ) at 305 Montgomery S t r e e t , Montgomery, Alabama, through a s u b s i d i a r y , Southern Data S e r v i c e s , Inc . ( 1 0 / 3 0 / 8 0 ) V

D a l l a s Mercant i l e Texas Corporat ion , D a 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 i n de novo a c t i v i t i e s ( t o act as an i n -vestment a d v i s e r to i n d i v i d u a l s , pens ion and p r o f i t sharing plans and banks) at 1802 Main S t r e e t , through a newly formed wholly-owned s u b s i d i a r y , Mercant i l e S e c u r i t i e s Corporat ion ( 1 0 / 3 0 / 8 0 ) 2 /

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

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

H.2, 1980 No. 44 - 9 -

APPLICATIONS RECEIVED

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

Cleveland The A s h v i l l e Bank, A s h v i l l e , Ohio. Branch to be e s t a b -l i s h e d at the southeas t corner of the i n t e r s e c t i o n of South Walnut S t r e e t and A s h v i l l e Road, South B l o o m f i e l d , Pickaway County, Ohio. 2]

Cleveland The D o l l a r Savings and Trust Company, Youngstown, Ohio. Branch to be e s t a b l i s h e d at 2400 Block U.S . Route 422 , Warren, Trumbull County, Ohio . 2j

Cleveland The P o t t e r s Bank & Trust Company, East L i v e r p o o l , Ohio. Branch to be e s t a b l i s h e d a t 15880 S t . Rt. 170, East L i v e r p o o l , Columbiana County, Ohio. 2j

S t . Louis The S c o t t County S t a t e Bank, S c o t t s b u r g , Ind iana . Branch to be e s t a b l i s h e d at 155 West Wardel l , Scot t s b u r g , Sco t t County, I n d i a n a . 2/

* * * * *

Richmond

Chicago

Minneapol i s

San Franc i s co

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

Bank o f C a r r o l l , H i l l s v i l l e , V i r g i n i a .

Old Kent Bank of Kalamazoo, Kalamazoo, Michigan. 7j

F i r s t C i t i z e n s Bank o f Bozeman, Bozeman, Montana. 2 /

Guardian S t a t e Bank, S a l t Lake C i t y , Utah. 2/

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

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

H.2, 1980 No. 44 - 1 0 -

APPLICATIONS RECEIVED-Cont inued

To Organize , or I n v e s t i n , a Corporat ion Doing Fore ign Banking and Other Fore ign Financ ing Pursuant to S e c t i o n 25 or 25 (a ) of the Federa l Reserve Act

New York European American Bank & Trust Company, New York, New York: r e q u e s t s consent to e s t a b l i s h an Edge in Miami, F l o r i d a , to be named European American Bank I n t e r -n a t i o n a l , Miami, F lor ida and to e s t a b l i s h a branch of t h e Miami Edge in Los Ange l e s , C a l i f o r n i a .

* * * * *

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

Cleveland Finance Ohio Company, Mart ins F e r r y , Ohio, for approval to acquire 90 percent of the v o t i n g shares of Peoples Savings Bank Company, Mart ins F e r r y , Ohio. 2J

A t l a n t a Marine Nat ional Bancorporat ion, J a c k s o n v i l l e , F l o r i d a , f o r approval to acquire 92 .6 percent of the v o t i n g shares of Marine Nat ional Bank o f J a c k s o n v i l l e , J a c k s o n v i l l e , F l o r i d a . 2 /

A t l a n t a Southwest S e c u r i t y , I n c . , Natchez , M i s s i s s i p p i , f o r approva to acquire a t l e a s t 80 percent of t h e v o t i n g shares of F i r s t Natchez Bank, Natchez , M i s s i s s i p p i . 2j

Chicago KEYSTONE, INC., Rock Rapids , Iowa, for approval to acquire 100 percent of the v o t i n g shares of Ashton Investment Company, Rock Rapids, Iowa and Midwest A g r i c u l t u r a l Credi t Corporat ion , Rock Rapids , Iowa, 100 percent of t h e v o t i n g shares of Sioux County S t a t e Bank, Orange C i t y , Iowa and the i n d i r e c t a c q u i s i t i o n of 96 .75 per-cent of t h e v o t i n g shares of Ashton S t a t e Bank, Ashton, Iowa and 80 .45 percent of the v o t i n g shares of Peoples Bank and T r u s t , Rock V a l l e y , Iowa. 2 j

S t . Louis Harrisburg Bancshares , I n c . , Harr i sburg , I l l i n o i s , f o r ap-proval to acquire 8 7 . 7 3 percent of the v o t i n g shares of The Harrisburg Nat iona l Bank, Harr i sburg , I l l i n o i s . 2/

2 / A p p l i c a t i o n subject Reinvetment O f f i c e r as to the l ength of

to Community Reinvestment of the a p p l i c a b l e Reserve the comment per iod .

Act . The Community Bank may be contac ted

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

H. 2 , 1980 No. 44 - 1 1 -

APPLICATIONS RECEIVED-Continued

S t . Louis Pike Bancshares , I n c . , Pe tersburg , Ind iana , f o r approval to acquire at l e a s t 80 percent of t h e v o t i n g shares of The F i r s t Nat ional Bank o f Pe tersburg , Pe ter sburg , Ind iana . 2 /

Minneapol is F i r s t Breck Holding Company, Breckenridge, Minnesota, f o r approval to acquire 100 percent of the v o t i n g shares of The F i r s t Nat ional Bank o f Breckenr idge , Breckenridge , Minnesota . 2]

Minneapol is Great P l a i n s Bank Corporat ion , Eureka, South Dakota, f o r ap-proval to acquire at l e a s t 98 percent of the v o t i n g shares of Eureka S t a t e Bank, Eureka, South Dakota. 2j

Minneapol is Green Lake Bancorporat i o n , I n c . , S p i c e r , Minnesota , for approval to acquire 8 2 . 6 percent of the v o t i n g shares of Green Lake S t a t e Bank, S p i c e r , Minnesota. 2 /

Minneapol is Nimrod E n t e r p r i s e s , I n c . , Fo ley , Minnesota, f o r approval to acquire a t l e a s t 94 .2 percent of t h e v o t i n g shares of S t a t e Bank o f F o l e y , Fo ley , Minnesota. 2/

Minneapol is Pipes tone Bancshares , I n c . , Pipes tone, Minnesota, for ap-proval to acquire 87 .57 percent of the v o t i n g shares of F i r s t Nat iona l Bank of P ipes tone , P ipes tone, Minnesota. 2/

Kansas Ci ty B ly theda le Bancshares , I n c . , B l y t h e d a l e , Mis sour i , f o r ap-proval to acquire at l e a s t 80 percent of the v o t i n g shares of C i t i z e n s Bank o f B l y t h e d a l e , B l y t h e d a l e , M i s s o u r i . 2J

San Guardian Bancorp, Inc . , S a l t Lake C i t y , Utah, for approval Franc i sco to acquire 100 percent of the v o t i n g shares of Guardian

S t a t e Bank, S a l t Lake C i t y , Utah, a proposed new bank. 2 /

San G.W.B. Holding Company, N . V . , The Netherlands A n t i l l e s ; F r a n c i s c o G.W.B. Holding Company, B . V . , The Nether lands; and GWB

Holding Company, Dover, Delaware, f o r approval to acqu ire 100 percent ( e x c e p t d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the v o t i n g shares of Great Western Bank & Trust , Phoenix , Ar izona . 2 /

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

I

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

H.2, 1980 No. 44 - 12 -

APPLICATIONS RECEIVED-Continued

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

Cleveland Peoples Bancorp, I n c . , M a r i e t t a , Ohio, f o r approval to acquire 100 percent of t h e v o t i n g shares of The F i r s t Nat iona l Bank o f C a l d w e l l , Ca ldwe l l , Ohio. 7 j

Chicago Old Kent F i n a n c i a l Corporat ion , Grand Rapids, Michigan, f o r approval to acquire at l e a s t 100 percent of the v o t i n g s h a r e s of Old Kent Bank of Kalamazoo, Kalamazoo, Michigan, a proposed new bank. 2/

Kansas City F i r s t Guthr ie Bancshares , I n c . , G u t h r i e , Oklahoma, for approval to acquire 8 . 1 percent of the v o t i n g shares o f F i r s t Union Corporat ion , S t i l l w a t e r , Oklahoma. 2/

* * * * *

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

D a l l a s Texas Commerce Bancshares , I n c . , Houston, Texas , for ap-proval to acquire 100 percent of the v o t i n g shares of Banc-Southwest Corporat ion , Amar i l l o , Texas . 2J

* * * * *

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

Boston I n d u s t r i a l Nat iona l Corporat ion , Prov idence , Rhode I s l a n d , n o t i f i c a t i o n of i n t e n t to cont inue to engage in a c t i v i t i e s p r e v i o u s l y commenced de novo ( r e t e n t i o n of mortgage loans extended by Westminster P r o p e r t i e s , I n c . and subsequent ly t r a n s f e r r e d to I n d u s t r i a l Nat iona l Mortgage Corporat ion) from o f f i c e s in Prov idence , Rhode I s l a n d , through i t s sub-s i d i a r y , I n d u s t r i a l Nat iona l Mortgage Company ( 1 0 / 1 7 / 8 0 ) 3J

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

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

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

H.2, 1980 No. 44

Chicago

Chicago

Kansas Ci ty

Kansas Ci ty

Kansas Ci ty

D a l l a s

- 1 3 -

APPLICATIONS RECEIVED-Cont inued

Central Nat iona l Bancshares , I n c . , Des Moines, Iowa, n o t i f i -c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n prov id ing management c o n s u l t i n g adv ice on an e x p l i c i t fee and noncont inuing b a s i s to n o n a f f i l i a t e d banks) to be conducted a t the o f f i c e s of Central Nat ional Bancshares , I n c . , Des Moines , Iowa ( 1 0 / 2 2 / 8 0 ) 3 /

Country Bank Shares Corp. , J a n e s v i l l e , Wiscons in , n o t i f i -c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o con t inue to act as agent or broker in the s a l e of g e n e r -a l insurance in a community o f l e s s than 5 ,000 populat ion) from an o f f i c e in The Monte l lo S t a t e Bank, 24 West S t r e e t , Mont e l l o , Wiscons in ( 1 0 / 2 1 / 8 0 ) 3J

C .C.B . , I n c . , Denver, Colorado; Central Colorado Company, Denver, Colorado; and Central Bancorporat ion , I n c . , Denver, Colorado, n o t i f i c a t i o n of i n t e n t to engage in dje novo a c t i v i t i e s ( t o engage in i n d u s t r i a l banking a c t i v i t i e s ) through Central I n d u s t r i a l Bank, Aurora, Colorado ( 1 0 / 3 0 / 8 0 ) 3/

F i r s t Guthrie Bancshares , I n c . , Gurthr i e , Oklahoma, f o r ap-proval to engage i n d i r e c t l y in c e r t a i n nonbanking a c t i v -i t i e s conducted by F i r s t Union Company, a Massachuse t t s T r u s t , F i r s t Union Insurance Agency, I n c . , F i r s t Union Bui ld ing Corporat ion and F i r s t Union F i n a n c i a l S e r v i c e s , I n c . , S t i l l w a t e r , Oklahoma.

United Missour i Bancshares , I n c . , Kansas C i t y , Mis sour i , no-t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in the s a l e of c r e d i t l i f e , c r e d i t acc ident and h e a l t h i n s u r a n c e , mortgage p r o t e c t i o n l i f e i n s u r a n c e , and mortgage p r o t e c t i o n d i s a b i l i t y insurance ) at an o f f i c e on the premises of United Mis sour i Bank o f Ferguson, Ferguson, M i s s o u r i , through a s u b s i d i a r y , United Missouri Mortgage Company ( 1 0 / 3 0 / 8 0 ) 3 /

Mustang F i n a n c i a l Corporat ion, Rio V i s t a , Texas , f o r ap-proval to engage in c e r t a i n insurance a c t i v i t i e s through Mustang L i f e Insurance Company, Rio V i s t a , Texas , a pro-posed new company.

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

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

H.2 , 1980 No. 44 14

APPLICATIONS RECEIVED-Cont inued

San Franc i sco

San Franc i sco

San Franc i sco

San Franci sco

S e a f i r s t Corporat ion , S e a t t l e , Washington, f o r approval to acquire 100 percent of the v o t i n g shares of Arden Mortgage S e r v i c e Corporat ion, Walnut Creek, C a l i f o r n i a .

S e c u r i t y P a c i f i c Corporat ion , Los Ange le s , C a l i f o r n i a , no-t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s (mak-ing or a c q u i r i n g , for i t s own account or for the account of o t h e r s , loans and e x t e n s i o n s of c r e d i t inc lud ing making consumer i n s t a l l m e n t personal l o a n s , purchasing consumer i n s t a l l m e n t s a l e s f inance c o n t r a c t s , making loans to small b u s i n e s s e s and other e x t e n s i o n s of c r e d i t such as would be made by a f a c t o r i n g company or a consumer f i n a n c e com-pany; and a c t i n g as broker or agent for the s a l e of c r e d i t l i f e , h e a l t h and acc ident insurance) at 125 Main S t r e e t , Hooker-Fulton Bui ld ing , Bradford, Pennsy lvan ia , through i t s i n d i r e c t s u b s i d i a r y , S e c u r i t y P a c i f i c Consumer D i s -count Company ( 1 0 / 2 7 / 8 0 ) 37

U.S. Bancorp, Por t land , Oregon, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( t o engage i n making, acqu ir -ing and s e r v i c i n g loans inc lud ing consumer and commercial l o a n s , and c r e d i t r e l a t e d insurance a c t i v i t i e s ) in B e l l e v u e , Washington, through a s u b s i d i a r y , U.S. C r e d i t -corp I n d u s t r i a l Loan Company ( 1 0 / 2 7 / 8 0 ) 3/

Wells Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a -t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( a c t i n g as agent for c r e d i t property , c a s u a l t y and homeowners i n s u r -ance and a s s o c i a t e d l i a b i l i t y insurance r e l a t e d to e x t e n -s i o n s of c r e d i t or the p r o v i s i o n of o ther f i n a n c i a l s e r -v i c e s ) in S c o t t s d a l e , Ar i zona , through i t s s u b s i d i a r y , Wells Fargo Insurance S e r v i c e s ( 1 0 / 3 1 / 8 0 ) 3/

Proxy Statement ( S p e c i a l Meeting) F i l e d Pursuant t o S e c t i o n 14(a) of the S e c u r i t i e s Exchange Act

The F i r s t S t a t e Bank, A b i l e n e , Texas .

* * * * *

REPORTS RECEIVED

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

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

H.2 , 1980 No. 44 - 15

APPLICATIONS RECEIVED-Continued

Ownership Report F i l e d Pursuant to S e c t i o n 13 of the S e c u r i t i e s Exchange Act

The Suburban Bank, Richmond, V i r g i n i a (Amendment #1) ( F i l e d by Wilson L. Harrison)

* * * * *

< PETITIONS FOR RULEMAKING

None

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