h2_19830924.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1983 No. 38)

Actions of the Board; Appl icat ions and Reports

Received During the Week Ending September 24, 1983

APPLICABLE RESERVE BANK

Boston

Boston

New York

ACTIONS OF THE BOARD

Statement by Vice Chairman Preston Martin before the Senate Subcommittee on Housing and Urban A f f a i r s to present his personal views on the general th rus t of Senate 1821 and 1822, b i l l s that are designed to widen and deepen the secondary mortgage market.

Fee schedules for d e f i n i t i v e secur i t ies safekeeping and noncash c o l l e c t i o n serv ices, e f f e c t i v e October 27, 1983. (Docket No. R-0475)

Revised and r e s t r i c t e d fee schedule fo r services supplied by FRBanks to automated c lear ing houses (ACHs - - computerized f a c i l i t i e s fo r sor t ing and s e l l i n g e l e c t r o n i c a l l y o r ig ina ted payments); a l l comments should be received by November 7, 1983. (Docket No. R-0482)

Merchants Bank, Bur l ing ton, Vermont, proposal to merge wi th the Woodhouse Bank, Bur l ington, Vermont; report to the Federal Deposit Insurance Corporation on compet i t ive f ac to rs . V

Ci t izens Savings Bank/Cit izens Trust Company, Providence, Rhode Is land, proposal to acquire cer ta in assets and assume deposit l i a b i l i t i e s of the Westerly, Rhode Island o f f i c e of Old Stone Bank, Providence, Rhode Is land; report to the Federal Deposit Insurance Corporation on competi t ive f ac to r s . V

Key Bank of Western New York N.A., Wei 1 s v i l l e , New York, proposal to merge wi th Key Bank, Jamestown, New York; report to the Comptroller of the Currency on compet i t ive fac to rs . 1/

T7 App l ica t 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.?, 1983 No. 3P - 2 -

ACTIONS OF THE BOARD-Continued

C1eveland

Richmond

Richmond

At !anta

At lan ta

At lan ta

At 1anTa

Atlanta

At lanta

At 1anta

F i r s t Bancorporation of Ohio, Akron, Ohio, exten-sion of t ime to January 13, 1984, w i t h i n which to acquire E l y r i a Savings and Trust National Bank, E l y r i a , Ohio. ] /

Union Central National Rank, Vienna, West V i r g i n i a , proposed merger w i th Union Central Bank, National Assoc ia t ion , Vienna, West V i r g i n i a , a proposed new bank; repor t to the Comptrol ler of the Currency on compet i t ive f a c t o r s . 2 /

Parkersburg National Bank, Parkersburg, West V i r g i n i a , proposed merger w i th United Bank, National Assoc ia t ion , Parkersburg, West V i r g i n i a ; repor t to the Comptrol ler of the Currency on compet i t ive f a c t o r s , J /

Bank of York, York, Alabama, an investment in bank premises. V

Bank Independent, S h e f f i e l d , Alabama, an investment in bank premises. J /

White County Bank, Cleveland, Georgia, proposed merger w i th WCB Corpora t ion , G a i n e s v i l l e , Georgia; report to the Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . 2 /

West Baton Rouge, Port A l l e n , Louis iana, proposed merger w i t h New Bank o f West Raton Rouge, Port A l l e n , Lou is iana; repor t to the Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . 2 /

F lo r ida Coast Bank, Pompano Beach, F l o r i d a , proposed merger w i th F lo r i da Coast Bank of Palm Beach County, Boynton Beach, F l o r i d a ; repor t to the Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . 2 /

C i t i zens Bank, G a i n e s v i l l e , Georgia, proposed merger w i t h C i t i zens Bridge Company, G a i n e s v i l l e , Georgia; repor t to the Federal Deposit Insurance Corporat ion on compet i t i ve f a c t o r s . 2 /

C i t i zens and Southern National Bank, Savannah, Georgia, proposed merger w i th F i r s t State National Bank of Pa inhr idye , Painhr idge, Georgia; report to the Comptrol ler of the Currency on compet i t i ve f a c t o r s . 1/

1/ % receded or behalf of the Board of Governors under ("f'iw a f rd f~ori t y .


ee Continued

M w r t " r i T ' / pn< irm Suutnern National Bank, Savannah, i e o r y i a , proposed merger w i th C i t i zens and Southern Pant nf T i f t o n , T i f t o n , Georgia; report to the r nmp t ro l l e r of the Currency on compet i t ive f f or s. ly

%*eanerette F i r s t National Bancorp, I n c . , Jeaneret te , Louisiana* extension of time to December 17, 19P3, w i t h i n which to become a hank hold ing company through a c q u i s i t i o n of The F i r s t National Bank of Jeanere t te , Jeaneret te , Lou is iana. ] /

C i t i zens Commercial & Savings Bank, F l i n t , Michigan, an investment i n bank premises. 2 /

American Nat ional Bank, Marsh f ie ld , Wisconsin, pro-posal fe merye w i t h C i t i zens National Hank and I n , s t . Marsh f i e l d , Wisconsin, under the char ter of American National Rank and t i t l e of C i t i zens ^a f iona l lank and T rus t ; repor t to the Comptrol ler cf t f e Currency on compet i t i ve f a c t o r s . J /

Pank of Claremdnn M i l l s , Clarendon H i l l s , I l l i n o i s , proposal to merge w i th New Bank o f Clarendon H i l l s , Clarendon H i l l s , I l l i n o i s , under the char ter of

r i ^ r e n r o n H i l l s and t i t l e of Bank of Clarendon H i l l s ; repor t to the Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . V

C i t i zens Central Kancorp, I n c . , Macomb, I l l i n o i s , * * f * .ns ion nf t ime to November 30, 19#3, w i t h i n which to necome a bank hold ing company through "he ion of 100 percent of the vo t ing s f a r e t of the successor by merger t o C i t izens f.at *( r rank nf Macomb, Macomb, I l l i n o i s . ] /

arf an i vc *co rp , I n c . , Fast Lansing, Michigan, f , f Time October 30, 1983, w i t h i n

fnch : r v-c* re j nank hold ing company through ?**< uf luu percent of the vo t ing

^ar^s *:f thA surressnr by conso l ida t ion to Kisf w n s ) f * : ^f(*te Hank, N s t Lansing, Michigan. 1;

^ the Poard of Governors under

i r (-Lf-

it


H.2, 1983 No. 38


S t . Louis

St . Louis

St. Louis

St. Louis

Kansas Ci ty

Securi ty Financial Corp., S t a r k v i l l e , M iss iss ipp i , extension of time to November 729 1983, wi th in which to become a bank holding company through the acqu is i t i on of the successor by merger to Security State Rank, S ta rkv i1 le , M iss iss ipp i . _]_/

Old National Pank of Cent ra l ia , Cent ra l ia , I l l i n o i s , proposal to merge wi th Marion County National Bank, Cen t ra l ia , I l l i n o i s ; report to the Comptroller of the Currency on compet i t ive fac to rs . J /

Duquoin National Bank, Duquoin, I l l i n o i s , proposal to merge wi th WMS National Bank of Duquoin, Duquoin, I l l i n o i s ; report to the Comptroller of the Currency on competi t ive f ac to rs . ]_/

Posey Bancorporation, Wadesvil le, Indiana, extension of time to December 22, 1983, w i th in which to become a bank holding company through the acqu is i t ion of Farmers Rank & Trust Company, Wadesvil le, Indiana. V

Val Cor Bancorporation, I n c . , Cortez, Colorado, exten-sion of t ime to January 1, 1984, w i th in which to acquire Valley National Bank of Cortez, Cortez, Colorado. 1/

San Francisco

San Francisco

F i r s t Bankshares, I n c . , St . George, Utah, extension of t ime to January 11, 1984, w i th in which to become a bank holding company through the acqu is i t i on of D ix ie State Bank, St . George, Utah. J /

Vie jo Bancorp, Mission V ie jo , C a l i f o r n i a , extension of time to December 28, 1983, w i th in which to become a bank holding company through the acqu is i t i on of 100 percent of the vot ing shares of the successor by merger to Mission Viejo National Bank, Mission V ie jo , Cal i f o r n i a . 1/

JJ Appl ica t ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .


H.2, 1983 No. 38

Richmond

Richmond

Clevelnad

5 -


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

Approved F i r s t V i rg in ia Bank o f the Southwest, Chr is t ians-

burg, V i r g i n i a . To estab l ish a branch in Evans-ham Squire Shopping Center in Wythevi l le , V i rg in ia . V

United V i rg in ia Bank, Richmond, V i r g i n i a . To estab-l i s h a branch at the in te rsec t ion of Centennial Park Drive and Sunrise Valley Dr ive, Reston, V i r g i n i a . ]_/

The Toledo Trust Company, Toledo, Ohio. To estab-l i s h a branch at Route 20 and 1-751, Perrysburg Township, Ohio. 1/

* * * * *

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

Not Disapproved Kansas Ci ty Hereford Investment Co., Hereford, Colorado. V

Kansas Ci ty American National Corporat ion, Omaha, Nebraska. V

Dallas Lone Star Bancshares I n c . , Lone Star , Texas. V

Dallas F i r s t Seminole Bancshares, I nc . , Seminole, Texas. 1/

* * * * *

Appl icat ions and No t i f i ca t i ons fo r In ternat ional I n v e s t -ments and Other Actions Pursuant to 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 Boston State Street Bank and Trust Company, Boston, Mass-

achusetts : grants consent to invest in State Street Development Company, I n c . , Boston, Massachusetts, a de novo export t rading company.

J / App l ica t ion processed on behalf of the Board of Governors under delegated au tho r i t y .


H.2, 1983No. 38 - 6 -


San The Dah Sing Rank, L t d . , Hong Kong: entered Into Francisco agreement wi th the Federal Reserve System that

i t s proposed Federal branch in San Francisco shal l receive only such deposits as would be permissible for an Edge Corporation, pursuant to Section 5(a) of the In ternat ional Banking Act. (9/22/83) V

Sixty Day N o t i f i c a t i o n Period Allowed to Expire New York The Chase Manhattan Bank, N.A., New York, New

York: no object ion to establ ish an i n i t i a l branch in Is tanbu l , Turkey.

New York Cit ibank Overseas Investment Corporat ion, Wilmington, Delaware: no object ion to ho ld, e i ther d i r e c t l y or i n d i r e c t l y , a l l the cap i ta l stock of Citibank Canada, Toronto, Ontar io, Canada.

* * * * *

To Establ ish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act

Approved Philadelphia Manufacturers Hanover Bank (Delaware), Wilmington,

Delaware: grants permission to estab l ish a fore ign branch in George Town, Grand Cayman, Cayman Islands pursuant to Section 211.3(a) of Regulation K. (9/16/83) 1/

* * * * *

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

Withdrawn Minneapolis Laurel Bancshares, I nc . , Laurel , Montana, for ap-

proval to acquire at least 99.9 percent of the vot ing shares of 1st Security Bank of Laurel , Laure l , Montana.

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


H.?3, 1983 No. 38 - 7 -


Approved Philadelphia Frankl in Financial Services Corporation, Chambers-

burg, Pennsylvania, f o r approval to acquire 100 percent of the vot ing shares of Farmers and Merchants Trust Company of Chambersburg, Chambers-burg, Pennsylvania. J /

Philadelphia West Side Bancorp I nc . , West P i t t s t on , Pennsylvania, f o r approval to acquire 100 percent of the vot ing shares of West Side Bank, West P i t t s t on , Penn-sylvania. 2 /

Chicago Hudson Bancshares, I n c . , Hudson, Iowa, fo r approval to acquire 58.9 percent of the vot ing shares of Hudson State Bank, Hudson, Iowa. 1/

Chicago Latham Bancorp, I n c . , Latham, I l l i n o i s , for approval to acquire 100 percent of the vot ing shares of State Bank of Latham, Latham, I l l i n o i s . 1/

Chicago MSB Holding Company, I nc . , Moorhead, Iowa, for ap-proval to acquire 100 percent of the vot ing shares of Moorhead State Bank, Moorhead, Iowa. 1/

Chicago

St. Louis

St. Louis

River Valley Bancorporation, I n c . , Rothschild, Wisconsin, f o r approval to acquire at least 80 percent of the vot ing shares of River Valley State Bank, Rothschi ld, Wisconsin. V

Bancshares of West Memphis, I n c . , West Memphis, Arkansas, f o r approval to acquire at least 80 per-cent of the vot ing shares of Bank of West Memphis, West Memphis* Arkansas. JV

Bank of Sikeston Holding Company, Sikeston, Missour i , f o r approval to acquire 100 percent of the voting shares of Bank of Sikeston, Sikeston, Missour i . 1/

St. Louis F i r s t Montgomery Bancorp, I n c . , L i tchf ie ld , I l l i n o i s , f o r approval to acquire at least 95.93 percent of the voting shares of Montgomery Bancgroup & Co., St. Louis, Missouri and indirectly acquire F i r s t National Bank of L i tchf ie ld , L i tchf ie ld , I l l i n o i s . 1/

1/ Application processed on behalf of the Board of Governors under feleyated authority.


. f . 1983 No. 3# - 8 -

Arrows OF THE BOARO-Continued

e e

H.?, 1983 No. 38 - 9 -

ACTIONS OF THE BOARP-Continued

Denied Chicago Cambridge Financial Corporation, Cambridge,

Wisconsin, for approval to acquire at least od.2 percent of the voting shares of Cambridge State Bank, Cambridge, Wisconsin.

* * * * *

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

Approved Richmond Centurion Bancorp, Inc . , Charleston, West Virginia,

for approval to acquire 100 percent of the voting shares of Citizens National Bank of St. Albans, St. Alhans, West Virginia. ] /

Atlanta Farmers Rancshares, Inc . , Cadwell, Georgia, for ap-proval to acquire 100 percent of the voting shares of The Security State Bank, McRae, Georgia. 2 /

Chicago Midwest Financial Group, Inc. , Peoria, I l l i n o i s , for approval to acquire 100 percent of the voting shares of the successor by merger to Corn Belt Bank, Bloomington, I l l i n o i s . V

St. Louis First Arkansas Bankstock Corporation, L i t t l e Rock, Arkansas, fo r approval to acquire 100 percent of the voting shares of First National Bank of Camden, Camden, Arkansas. ]_/

Minneapolis Montana Bancsystem, Inc. , Bi l l ings, Montana, for approval to acquire up to 15 percent of the voting shares of Bank of Montana System, Great Fal ls, Montana, and indirectly Northern Bank of Montana, Big Sandy, Montana; Miners Bank of Montana, N.A., Butte, Montana; Liberty Bank o f Montana, Chester, Montana; Blaine Bank of Montana, Chinook, Montana; Pondera Bank o f Montana, Conrad, Montana; F i r s t Security Bank of Montana, N.A., Glasgow, Montana, Central Bank of Montana, Great Fal ls , Montana; Eastside Bank of Montana, Great Fal ls, Montana; Citizens

y Appl icat ion processed on behalf of the Board of Governors under delegated authority.


H.2, 1^83 No. 38 - 1 0 -


Bank of Montana, Havre, Montana; Bank of Montana, Helena, Montana; Midstate Bank of Montana, Lewistown, Montana; Missoula Bank of Montana, Missoula, Montana; Farmers-Merchants Bank of Montana, Rudyard, Montana; The F i r s t State Bank of Montana, Thompson F a l l s , Montana and Val ier Bank of Montana, Va l i e r , Montana. ]_/

Kansas City Chimney Rock Bancorp., Bayard, Nebraska, for approval to re ta in 13.33 percent of the vot ing shares of Swanton Agency, I n c . , Swanton, Nebraska and i n d i r e c t l y Bank of Swanton, Swanton, Nebraska. V

Kansas City F i r s t Guthrie Bancshares, I nc . , Guthr ie, Oklahoma, for approval to acquire 9.9 percent of the vot ing shares of L iber ty State Bank of Tahlequah, Tahlequah, Oklahoma. V

Dallas TransTexas Bancshares, I n c . , Beaumont, Texas, fo r ap-proval to acquire 100 percent of the vot ing shares of F i r s t State Bank, P f l u g e r v i l l e , Texas. ]_/

Dallas United Bankers, I nc . , Waco, Texas, for approval to acquire at least 80 percent of the vot ing shares of Travis Bank and Trust , Aust in , Texas. 1/

* * * * *

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

Approved At lanta Independent Community Banks, I n c . , Sanibel, F lo r ida ,

fo r approval to acquire 100 percent of the vot ing shares of Retirement Accounts, I nc . , Winter Park, F lo r ida . V

Chicago American Fletcher Corporat ion, Indianapol is , Indiana, for approval to engage de novo, through i t s ex is t ing subs id iary , American Fletcher Mortgage Company, I nc . , Ind ianapol is , Indiana, in arranging equity f inancing fo r commercial and indus t r i a l income-producing real estate investors .

]_/ Appl icat ion processed on behalf of the Board of Governors under delegated au tho r i t y .


H.?, TQ83 No. 38 - 1 1 -


Chicago

St . Louis

Kansas City

Kansas City

Boston

Whitewater Bancorp, I n c . , Whitewater, Wisconsin, for approval to engage de novo in the sale of general insurance a c t i v i t i e s in a community wi th a population greater than 5,000 by a bank holding company wi th t o t a l assets of $50 m i l l i o n of less .

Bancshares of West Memphis, I n c . , West Memphis, Arkansas, fo r approval to engage de novo in real estate apprais ing. J_/

Chimney Rock Bancorp., Bayard, Nebraska, for ap-proval to i n d i r e c t l y engage in general insurance a c t i v i t i e s . JJ

Delayed Mid-America Bancshares, I nc . , Wichita, Kansas,

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 ( i n consumer and commerciaT finance a c t i v i t i e s , inc luding the extension of r e t a i l and insta l lment notes or cont rac ts , the purchase of recreat ional l o t notes, the extension of d i r ec t loans to dealers for the f inancing of inventory [ f l o o r planning] and working capi ta l purposes, and act ing as agent for sale of l i f e , accident and health insurance d i r e c t l y related to i t s extensions of c r e d i t ) these a c t i v i t i e s would be conducted in the State of Kansas, through i t s subs id iary , Financial Services of Mid-America, Inc. (9/21/83) 3/

Permitted Old Stone Corporation, Providence, Rhode Is land,

n o t i f i c a t i o n of i n ten t to engage in de novo a c t i v i t i e s ( i n operating a loan and investment bank as authorized by Rhode Island law, including the acceptance of time and savings deposits but excluding the acceptance of demand deposi ts, NOW accounts, or other t ransact ional deposits) at Metro Center Of f ice Park, Warwick, Rhode Is land, serving p r imar i l y the C i t ies and Towns of Warwick, West Warwick, Cranston and East Greenwich plus Washington County in the State of Rhode Is land, through i t s subs id iary , Guild Loan & Investment Company (9/22/83) 3/

_[/ Application processed on behalf of the Board of Governors under delegated authority.

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 delegated au tho r i t y .


H.?, 1983 No. 38 - 1 2 -

ACTIQNS OF THE BOARH-Continued

New York Schroders PLC, Schroder In ternat ional Limited and Schroder In ternat iona l Holdings L imi ted, a l l of London, England, request permission t o estab l ish two de novo o f f i ces engaging in the fo l lowing a c t i v i t i e s Tact ing as investment adviser to provide p o r t f o l i o investment advice t o Schroder Venture Trus t , a Cayman Islands Exempted Trust) in New York, New York and Palo A l t o , C a l i f o r n i a , through t h e i r subs id iary , Jutland Limited (9/23/83) 3/

Phi ladelphia CoreStates Financial Corp, Phi ladelphia, Pennsylvania, n o t i f i c a t i o n of i n ten t to engage in de novo a c t i v i t i e s ( in the o r i g i na t i on of FHA insured pro ject mortgage loans and conventional income property construct ion and permanent mortgage loans) at 8860 Ladue Road, S t . Louis, Missouri and 28 Dale Avenue, Gloucester, Massachusetts, serving a l l states of the United States, through i t s i nd i rec t subs id iary , Colonial Associates, Inc. (9/22/83) 3/

Cleveland Mellon National Corporat ion, P i t tsburgh, Pennsylvania, n o t i f i c a t i o n o f in ten t to engage in de novo a c t i v i t i e s ( i n the general a c t i v i t i e s of a mortgage banking company, inc lud ing the o r i g i n a t i o n , sale and serv ic ing o f mortgage loans, which encompasses the o r i g i n a t i o n of one-to- four fami ly res ident ia l mortgage loans, res iden t ia l and commercial con-s t ruc t i on loans, and mu l t i - f am i l y res ident ia l and non-res ident ia l mortgage loans; the sale and serv ic ing of such loans f o r i n s t i t u t i o n a l investors ; and the sale o f c red i t - r e l a t ed insurance inc lud ing c red i t -acc ident and hea l th , c r e d i t - l i f e , and property and c r e d i t - r e l a t e d casualty insurance related to extensions of c red i t [such sale of c red i t - r e l a ted insurance being a permissible a c t i v i t y under Sub-paragraph 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]) the de novo o f f i c e would der ive business from, and s o l i c i t business throughout centra l Louisiana, and the a c t i v i t y w i l l be conducted from an o f f i c e at 3842 Independence Dr ive, Alexandria, Louisiana, through a de novo o f f i c e of Carruth Mortgage Corporation, Me ta i r i e , Louisiana, which is a wholly-owned sub-sitiiary of Mellon Financial Services Corporation, t H r h in tu rn i s a wholly-owned subsidiary of

""ant (Q/18/83) 3/

v j r t i f i c f t l n r * rm essed by Reserve Pank on behalf of the N a m of f%)vernors under delegated authority.


H.?, 1983 No. 38 - 13 -


Atlanta Beacon Financial Corporation, Jupiter, F lo r ida , noti f icat ion of intent to engage in de novo act iv i t ies ( in certain leasing and mortgage hanking ac t iv i t i es ) in central and southern Florida, through i ts subsidiaries, Beacon Leasing Corporation and L.N.P. Mortgage Corporation (9/24/83) 3/

Atlanta Florida Park Banks, Inc . , St. Petersburg, Florida, not i f icat ion of intent to engage in de novo a c t i v i t i e s ( i n financial and investment advisory ac t iv i t i es ) to be conducted in the State of Florida, through i ts subs id ia ry , Park Capital Management, Inc. (9/22/83) 3/

Chicago Tuscola Bancorp. Inc . , Springfield, I l l i n o i s , notif ication of intent to engage in de novo act iv i t ies (in the sale of credit l i f e and credit accident and health insurance) the geographic scope wi l l be Douglas County, I l l ino is (9/18/83) 3/

Minneapolis Norwest Corporation, Minneapolis, Minnesota, no t i f i -cation of intent to engage in de novo act iv i t ies ( in the act iv i t ies of consumer finance, sales f i -nance and commercial f inance, the offering for sale and sell ing of travelers checks, the sale of credit l i f e , credit accident and health and property and credit related casualty insurance re la ted to extensions of credit by that company and through i t s subsidiary, Centurion Life Insur-ance Company, in the act iv i t ies of underwriting credit l i f e and accident and health insurance re la ted to extensions of credit by Norwest Financial South Dakota, Inc . , such under-writing and sale of credit-related insurance being permissible ac t iv i t ies under Subparagraphs A and D of T i t le VI of the Garn - St. Germain Depository Institutions Act of 1982) at 41st Street and Marion Road, Sioux Fal ls , South Dakota, serving Sioux Fal ls , South Dakota and nearby communities, through i ts subsidiary, Norwest Financial South Dakota, Inc. (9/24/83) 3/

3T dTcT(&) not i f icat ion proc%sed by Reserve Bank on behalf of the Poard of Governors under delegated authority.


H.2, 19f? ro. 38 - 14 -


Dallas Ruston Bancshares, Inc . , Ruston, Louisiana, notif ication of intent to engage in de novo act iv i t ies fin f i rs t and second mortgage lending, servicing of the same, and secondary market act iv i ty in accordance with the Board's Regulation Y) at 107 North Trenton Street, Ruston, Louisiana, these act iv i t ies wil l be performed in the State of Louisiana, through i ts subsidiary, Access Mortgage Lending, Inc. (9/23/83) 3/

San Area Financial Corporation, Redwood City, California, Francisco noti f icat ion of intent to engage in de novo

act iv i t ies ( in real estate appraisalTln Redwood City, Cal i fornia, serving the State of Cali fornia, through i ts subsidiary, C. Warren Fox Appraisal Services, Inc. (9/23/83) 3/

San BankAmerica Corporation, San Francisco, California, Francisco noti f icat ion of intent to engage in de novo

act iv i t ies ( in the act iv i t ies of making or acquiring for their own account loans and other extensions of credit such as would be made or acquired by a finance company; servicing loans and other extensions of credi t ; and offering credit-related l i f e insurance and credit-related accident and health insurance; the aforementioned types of credi t - re la ted insurance are permissible under Section 4(c)(8)(A) of the Bank Holding Company Act of 1956, as amended by the Carn-St Germain Depository Institutions Act of 1982; credit-related property insurance wi l l not be offered; the act iv i t ies of BA FinanceAmerica Corporation wi l l include, but not be limited to, making consumer installment loans, making loans or other extensions of credit to businesses and making loans or other extensions of credit secured by real and personal property; the act iv i t ies of BAC Credit Corporation wi l l include, but not be limited to , purchasing installment sales finance contracts; the act iv i t ies of FA Credit Corporation wi l l include, but not he limited to , making loans or other extensions of credit secured either by f i rs t liens on residential real property, by f i r s t liens on stock in a residential real property, by f i r s t liens on stock in a residential cooperative

3/ notif ication prrcessed by Reserve Bank on behalf of the of Governors delegated authority.


H.2, 1983 No. 38 - 15 -


housing corporat ion where the loan, mortgage or advance is used to finance the acqu is i t ion of such stock, or by a f i r s t l i en on a res ident ia l manufacturered home; a l l three corporations w i l l he o f fe r i ng c r e d i t -re lated l i f e and c red i t - r e l a t ed accident and health insurance d i r e c t l y re lated to extensions of c red i t made or acquired by each of the three corporat ions) at 3400 Monroe Avenue, P i t t s fo rd Colony Plaza, Rochester, New York, serving the en t i re state of New York, through i t s three i nd i rec t subs id ia r ies , BA FinanceAmerica Corporation (a New York corporat ion) ; BAG Credit Corporation (a New York corporat ion) and FA Credit Corporation (a Delaware corporat ion) (9/23/83) 3/

San Security Paci f ic Corporation, Los Angeles, Ca l i f o rn i a , Francisco 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 ( i n making or acqu i r ing , "for i t s own account or fo r others, loans and extensions of c r e d i t , inc luding making consumer instal lment personal loans, purchasing consumer instal lment sales finance cont rac ts , making loans to small businesses and other extensions of c red i t such as would be made by a fac to r ing company or consumer f inance; and act ing as broker or agent fo r the sale of c red i t l i f e , accident and health and c red i t property insurance, such insurance a c t i v i t i e s being permitted pursuant to Section 601(A) and (D) of T i t l e VI of the Garn St Germain Act) at 4200 North Cloverleaf Dr ive, St . Charles, Missour i , serving the State of Missour i , through i t s subs id iary , Security Paci f ic Finance Corp. (9/23/83) 3/

San Security Paci f ic Corporat ion, Los Angeles, Ca l i f o rn ia , Francisco 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

( i n the o r i g ina t i on and acqu is i t ion of mortgage loans, including development and construct ion loans on mu l t i - f am i l y and commercial propert ies for Security Pac i f i c Corporat ion's own account or fo r sale to o thers ; and the serv ic ing of such loans fo r others) at 1873 South B e l l a i r e , Denver, Colorado, serving the United States, through i t s subsid iary , Security Paci f ic Mortgage Corporation (9/24/83) 2 /

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 Covernors under delegated au tho r i t y .


H.2, 1983 No. 38 - 1 6 -


San United Bancorp of Arizona, Phoenix, Arizona, n o t i f i c a t i Francisco of in tent to engage in de novo a c t i v i t i e s ((1) o r i g i -

na t ion , making, acqu i r ing , purchasing, arranging f o r , holding warehousing and s e l l i n g , for i t s own account and f o r the account of o thers, loans of a l l types, and other extensions of c r e d i t , secured by mortgages or deeds of t r us t on real property such as would be made by a mortgage company; and (2) serv ic ing loans and other extensions of c red i t for any person) at 9850 Metro Parkway W., Phoenix, Arizona, t h i s o f f i c e w i l l service northwest Phoenix, through i t s subs id ia ry , H . S . P ick re l l Company (9/20/83) 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 au tho r i t y .


H.?, 1983 No. 38 - 17 -

APPLICATIONS RECEIVED

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

Phi ladelphia Pennsylvania Independent Bank, Harr isburg, Penn-sy lvan ia . 7j

* * * * *

Atlanta

At lanta

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

Flagship Bank of Tampa, Tampa, F lo r ida , to acquire cer ta in assets and assume cer ta in l i a b i l i t i e s of Sun Bank/Hil lsborough, Tampa, F lo r ida . 2/

First Georgia Bank, A t lan ta , Georgia, to acquire cer ta in assets and assume cer ta in l i a b i l i t i e s of Capital Ci ty Bank, Hopevi l le , Georgia. 2/

* * * * *

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

Chicago Peoples Bank and Trust Company, Cedar Rapids, Iowa. To es tab l i sh an ATM at Westdale Mal l , 2600 Edgewood Rd., S.W., Cedar Rapids, Iowa. 2/

Chicago 1st Source Bank, South Bend, Indiana. To estab l ish a branch on campess of S t . Mary's College, South Bend, Indiana. ?/

27 App l ica t ion subject to Community Reinvestment Act . The Community A f f a i r s O f f i ce r of the appl icable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1983 No. 38 - 1 8 -

APPLICATIONS RECEIVED-Continued

Applications and Notif ications for International Investments and Other Actions Pursuant to 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

Chicago The First National Bank of Chicago, Chicago, I l l i n o i s : prior not i f icat ion of i ts intent to purchase 60 per-cent of the shares of Banco Arf ina, S.A., Buenos Aires, Argentina and to convert Banco Arf ina, S.A. to a branch of FNBC.

* * * * *

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

Kostor Hrward Bancorp, Burlington, Vermont, for approval to acquire 100 percent of the voting shares of The Howard Bank, Burlington, Vermont. _2/

Philadelphia CCFNB Bancorp, Inc . , Orangeville, Pennsylvania, for approval to acquire 100 percent of the voting shares of The Columbia County Farmers National Bank, Orange-v i l l e , Pennsylvania. 2/

First Keystone Corporation, Berwick, Pennsylvania, for approval to acquire 100 percent of the voting snares of The First National Bank of Berwick, e wick, Pennsylvania.

( l e v e l e d F i rst Bank of Kentucky Corporation, Maysville, Kentucky, for approval to acquire at least 90 percent of the voting shares of Bank of Maysville, Maysville, Kentucky.

Greenville National Bancorp, Greenvil le, Ohio, for approval to acquire 100 percent of the voting shares of Creenvi1le National Bank, Greenvil le, Mm; . ?/

A l i r " ! / f*;hdn

- 1 9 -

APPIICATIQNS RECEIVEO-Continued

Ailanta First Guaranty Bancshares, Inc.* Hammond, Louisiana, for approval to acquire 100 percent of the voting shares of First Guaranty Bank, Hammond, Louisiana. 2 /

' U a r t a Woodbury Bancshares, Inc . , Woodbury, Georgia, for approval to acquire at least 80 percent of the voting shares of Woodbury Banking Company, Wooobury, Georgia. 2/

Mc i,o First Harvard Corporation, Harvard, I l l i n o i s , for approval to acquire 100 percent of the voting shares (less directors' qualifying shares) of the successor by merger to First State Bank of Harvard, Harvard, I l l i n o i s . 2 /

Chicago Ontario Bancorporation, Inc. , Ontario, Wisconsin, for approval to acquire at least 84.6 percent of the voting shares of Bank of Ontario, Ontario, Wisconsin. 2/

St. lowis Pehrens Bancshares, Inc . , New London, Missouri, for approval to acquire 100 percent of the voting shares of Behrens, Inc . , New London, Missouri and indirectly acquire 98.8 percent of Center State Bank, Center, Missouri and Palls County State Bank, New London, Missouri. 2/

St. louis Clinton Bancshares, Inc . , L i t t l e Rock, Arkansas, for approval to acquire 100 percent of the voting shares of Clinton State Bank, Clinton, Arkansas. 2/

St. Louis Community Investment, I n c . , E lk ins , Arkansas, for approval to acquire at least 80 percent of the voting shares of Bank of F l k i ns , E lk ins , Arkansas. 2/

St. Louis OuOuoin Bancorp, Inc. , DuOuoin, I l l i n o i s , for ap-proval to acquire 100 percent of the vot ing shares of the successor by merger to DuOuoin National Bank, OuOuoin, I l l i n o i s . 2 /

St. Louis River Region Bancshares, Inc. , Fordsville, Kentucky, for approval to acquire at least 83.5 percent of the voting shares of Bank of Fordsville, Fordsvile, Kentucky. 2/

77 ZppTfcation subject to Connwmty Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as fo the length of the comment period.


H.2, 1983 No. 32 - 2 0 -

APPLICATIONS PECEIVED-Continued

Minneapolis

Minneapoli s

Mi nneapoli s

:3i las

Dallas

Dal las

Dallas

Dakota State Banking Company, I nc . , Tr ipp, South Dakota, for approval to acquire 100 percent of the vot ing shares of Dakota State Rank of Tr ipp, Tr ipp, South Dakota. 2/

Securi ty Bank Shares, I nc . , Iron River , Wisconsin, fo r approval to acquire 94 percent of the vot ing shares of Security State Bank, Port Wing, Wisconsin.

S t i l lwa te r Bancorporation, I nc . , S t i l l w a t e r , Minnesota, for approval to acquire 100 percent of the vot ing shares of Cosmopolitan State Bank of S t i l l w a t e r , S t i l l w a t e r , Minnesota. jY

A l l i e d Austin Bancshares, I nc . , Houston, Texas, for approval t o acquire 100 percent of the vot ing shares of NBC Bancshares, I nc . , Aust in , Texas and i n d i r e c t l y National Bank of Commerce, Aust in , Texas and National Bank of Commerce-South, Aust in, Texas, 2/

Anton Bancshares, I n c . , Anton, Texas, fo r approval to acquire 100 percent of the vot ing shares of Cit izens State Bank, Anton, Texas. 2]

Energy Bancshares, I n c . , Dal las, Texas, for approval to acquire at least 80 percent of the vot ing shares of The Energy Bank, N.A., Dal las, Texas. 2/

New State Bancshares, I nc . , L i t t l e f i e l d , Texas, for approval to acquire 100 percent of the vot ing shares of State Bancshares, Inc . , L i t t l e f i e l d , Texas and i n d i r e c t l y Securi ty State Bank, L i t t l e f i e l d , Texas, 01 ton State Bank, 01 ton, Texas and Muleshoe State Bank, Muleshoe, Texas; and West Texas Bancshares, I nc . , Muleshoe, Texas and i n d i r e c t l y Muleshoe State Bank, Muleshoe, Texas. 2/

2 / App l ica t ion subject to Community Reinvestment Act. The Community A f f a i r s Of f i ce r of the appl icable Reserve Bank may be contacted as to the length of the comment per iod.


H.P, 1983 No. 38 - 21

APPLICATIONS RECEIVEO-Continued

Boston

Richmond

Chicago

Chicago

St . Louis

St.Louis

St . Louis

Minneapolis

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

Bank of Boston Corporat ion, Boston, Massachusetts, fo r approval to acquire more than 50 percent of the vot ing shares of The Martha1s Vineyard National Bank, Vineyard Haven, Massachusetts, j?/

One Valley Bancorp of West V i r g i n i a , I nc . , Charleston, West V i r g i n i a , f o r approval to acquire 100 percent of the vot ing shares of The Cit izens National Bank of Mart insburg, Mart insburg, West V i r g i n i a . 2J

Banks of Iowa, I nc . , Des Moines, Iowa, for approval to acquire 100 percent of the vot ing shares of Reed Street Company, I nc . , Red Oak, Iowa and thereby i n d i r e c t l y acquire 100 percent of Montgomery County National Bank of Red Oak, Red Oak, Iowa. 2/

F i r s t M i d - I l l i n o i s Bancshares, I n c . , Mattoon, I l l i n o i s , f o r approval to acquire 100 percent of the vot ing shares ( less d i r ec to r s ' qua l i f y i ng shares) of the successor by merger to Mattoon Bank, Mattoon, 111inois. 2 j

F i r s t of Murphysboro Corp., Murphysboro, I l l i n o i s , fo r approval to acquire at least 80 percent of the vot ing shares of The F i r s t National Bank of Grand Tower, Grand Tower, I l l i n o i s . 2J

Schmid Brothers Investment Company, I nc . , Clayton, Missouri and Financial Bancshares, I n c . , Sunset H i l l s , Missour i , for approval to acquire at least 99 percent of the vot ing shares of Financial Bank Centre of St. Charles County, Lake St. Louis, Missour i , a proposed new bank. 2]

Schmid Brothers Investment Company, I nc . , Clayton, Missouri and Financial Bancshares, I nc . , Sunset H i l l s , Missour i , f o r approval to acqui re at least 90.8 percent of the vot ing shares of Tri-County Bank, Morehouse, Missour i . 2J

Forstran Bancorporation, I nc . , Clara C i t y , Minnesota, fo r approval to acquire 100 percent of the vot ing shares of Security State Bank of Howard Lake, Howard Lake, Minnesota. 2/

7J Appl icat ion subject to Community Reinvestment Act . The Community A f fa i r s , O f f i c e r o f the appl icable Reserve Bank may be contacted as fo the length of the comment per iod.


W.?, 19P3 No. 3 ^ ^ - 77 -

APPLICATIONS RFCEIVED-Continued

Dallas A l l i ed Rancshares, Inc . , Houston, Texas, fo r ap-proval to acquire 100 percent of the vot ing shares of NBC Rancshares, I n c . , Aust in, Texas and i n d i r e c t l y acquire National Rank of Commerce, Aust in , Texas and National Rank of Commerce-South, Aust in , Texas. 7J

Dallas Commercial Rancshares, Inc. , Houston, Texas, for approval to acquire 100 percent of the vot ing shares of F i r s t State Rank of Cypress, Cypress, Texas.

Dallas Independent Bankshares, Inc . , Abilene, Texas, fo r approval to acquire 100 percent of the vot ing shares of Stamford Rancshares, Inc. , Fort Worth, Texas and Stamford Financial Corporation, Fort Worth, Texas and i n d i r e c t l y The F i rs t National Bank in Stamford, Stamford, Texas. 2J

Dallas Independent Bankshares, Inc. , Abi lene, Texas, for approval to acquire 100 percent of the vot ing shares of State Rancshares, Inc. , L i t t l e f i e l d , Texas and i n d i r e c t l y Securi ty State Bank, L i t t l e -f i e l d , Texas, 01 ton State Bank, 01 ton, Texas and Muleshoe State Bank, Muleshoe, Texas; and West Texas Bancshares, I nc . , Muleshoe, Texas and i n d i r e c t l y Muleshoe State Bank, Muleshoe, Texas. 1 /

Dallas United Bankers, Inc. , Waco, Texas, for approval to acquire 100 percent of the vot ing shares of The F i r s t National Bank of Commerce, Commerce, Texas. 2!

* * * * *

To Retain Bank Shares Acquired in a Fiduciary Capacity Pursuant to Section 3 of the Bank Holding Company Act

of 1956

Atlanta Trust Company of Georgia, A t lan ta , Georgia and Trust Company Rank, A t lan ta , Georgia, fo r approval to re ta in 6.5 percent of the vot ing shares of Cit izens Bank of Toccoa, Toccoa, Georgia. ?/

2/ Application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Rank may be contacted as to the length of the comment period.


HA3 No. 3P - 2 3 -

APPLICATinNS RFCEIVEn-Continued

To Expand a Bank Holding Company Pursuant to Section 3(a)(6) of the Bank Holding Company Act of 195n

Chicago Midwest Financial Group, Inc . , Peoria, I l l i n o i s , fo r approval to merge with CNB Bancorp, I nc . , Decatur, I l l i n o i s ano thereby indirectly acquire 100 percent of the voting shares of The Citizens National Bank of Decatur, Decatur, I l l i n o i s . 2J

* * * * *

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

Boston Bank of New England Corporation, Boston, Massachusetts, noti f icat ion of intent to engage i n de novo a c t i v i t i e s ( in leasing real and personal property and in making loans secured by mortgages and by secur i ty in terests in equipment in accordance with Regulation Y) at 50 Milk Street , Boston, Massachusetts, the service area for these ac t iv i t ies would be the United States and foreign countries, through i ts subsid iary, NEMCO Leasing Corporation (9/P0/83)

York Cit icorp, \ew York, Ner York, notif ication of in tent to expand the act iv i t ies of 80 offices to include the following act iv i t ies (the sale of c red i t - re la ted l i f e , accident and health insurance by licensed agents or brokers, as required; the sale of mortgage l i f e end mortgage disabi l i ty insurance directly refated to extensions of mortgage loans; and the sale of c r e d i t -related involuntary unemployment insurance) at 26T9 Blaroing Avenue, Alfmeda; 479 S. Main S t reet , Angels fan; : 18th & "A" Streets, Antioch; 1329 Hroadwa}, Atwater; 84 Solano Square, Benicia; 2323 Shattuck Avenue, Berkeley; 1861 Solano Avenue, Berkeley; 1203 Highway 4 (Go;?en Oaks Center), Brentwood; 1317 Lincoln Avenue, Calistoga; 382U Capitola Road, Capi tn la; 563 Cermet Rancho Shopping Center, Suite 1, Carmel; 3550 LfSfro Valley Blvd., Castro Valley; 7381 Greenback Lane, Citrus Heights; 5400 Ygnacio Valley Road, Clayton Valley; M?40 Lakeshrre Drive, Clearlake Highlands;

/ / sufycM to ronrunity Reinvestment Act . The (/nn,unity f f l a i r s ( M i r e r of ibf ^p^licahle Reserve Bank may be contacted as to fN* length of the comment period.


AMI ^KF -V^-Cont i/med

Tr*.^f Rlvfi. (P**l Air Shopping Center), Concord; 4KM-F San Ramon Valley Blvd., Danville; 1061? San PaHo Avenue (Moeser Lane Center). El Cerrito; 12223

street , Kayware; 2048 Kest Highway 88, (Amador Maza -Kar te l l ) , Jackson; 2033 Railroad Avenue (Depot Plaza), l iverrore; 29 S Church Street* Lodi; 130 Main Street . Ins Alios; 2?lu Homestead Road, Los Altos; 36P79 los Gatos Plvd. , los Gatos; 3985 G Street, Kerced; 21198 Canstoga Street, Middletown; 446 Preadway, Ki l lbrae; 13n Throckmortan Avenue, Mill Valley; 15 N MiIpitas Avenue (Beresford Square Shopping Center), MiIpitas; 1101 "J" Street, Modesto; :4%0 Tuily Roao { lu l l y Manor Shopping Center), Modesto; 15^00 honterey Road (400 Tennant Station), Morgan H i l l ; 3*00 ReI Aire Plaza; Napa; 35106 Newark Blvd., Aetark; 926 Diablo Avenue, Novato; 3530 Fruitvale Avenue, Oakland; 180 Grand Avenue, Oakland; 4101 Piedmont Avenue, Oakland; 4100 Redwood Road (Lincoln Square Shopping Center), Oakland; 77 Moraga Way, Orinda; 1 Palo Alto Square, 3000 El Camino Real, Palo Alto; 700 Contra Costa Blvd., Pleasant H i l l ; 2277 katt Avenue, Sacramento; 3423 Watt Avenue, Sacramento; 3525 Fair Oaks Blvd., Sacramento; M151 Main Street, St, Helena; 1127 So. Main Street, Salinas; 700 Fl Camino Real, San Carlos; 260 California Street, San Francisco; 2400 Sutter Street, San Francisco; P45 Grant Avenue, San Francisco; 9 Kearny Street, San Francisco; 2400 19th Avenue, San Francisco; 159 New Montgomery, San Francisco; 4724 Meridian Avenue, San Jose; 488 Blossom Hi l l Rnad, San Jose; 1110 Blossom Hi l l Road, San Jose; 5375 Prospect Road (Westgate kest Shopping Center), San Jose; 2160 Tully Road (Eastridge), San Jose; 15091 Hesperian Blvd., San Leandro; 11 East Third Avenue, San Mateo; 2850 S. El Camino Real (H i l ls -dalel* San Katee; 1200 F i f th Avenue, San Rafael; 806 Ocean Street, Santa Cruz; 2801 Fourth Street, Santa Rosa; 201 kest Napa Street (Sonoma Marketplace Shopping Center), Sonoma; 708 E. Mono Way, Sonora; 382 Grant Avenue, South San Francisco; 1810 Pacific Avenue, Stockton; 7604 Pacific Avenue, Stockton; 501 East Olive Street, Turlock; 1990 N. California Blvd., Walnut Creek; 1250 Newell Avenue, Suite H, Walnut Creek; 1910 Tice Valley Blvd. (Rossmoor),


e #

H.P, ; No. 3^ - 2 5 -

APPlirATIONS RECEIVEO-Continued

Walnut Creek; 1360 Arand Avenue, Arroyo Grande; 7190 F1 Camino Peal, Atascadero; 10210 Scripps Ranch Hlvd., San Oiego; 742 Marsh Street, San Luis Obispo and 1660 So. Broadway, Santa Maria, a l l located in Cal i fornia, through i ts subsidiary, Citicorp Savings (a Federal Savings and Loan Association) (9 /2I /P3)

&ew York Cit icorp, New York, New York, requests permission to es tab l i sh a de novo off ice engaging in the fo l lowing act iv i t ies (making or acquiring, for i t s own ac-count or for the account of others, commercial loans and other extensions of credit ; and leasing personal or real property or acting as agent, broker or adviser in leasing such property and servicing such leases subject to al1 of the qualifications specif ied in 12 C.F.R. 225.4(a)(6)(a) and (b) where the leases serve as the functional equivalent of an extension of c red i t to the lessee of the property) at 2502 Rocky Point Road, Suite 6

H.P, 1983 No. 38 - -

APPLICATIONS RFCEIVEP-Continued

insurance pro tect ing real and personal property subject to a secur i ty agreement with C i t i corp Washington Financial Center, Inc. and to the extent permissible under appl icable State in -surance laws and regu la t ions; the extension of loans to dealers for the f inancing of inventory ( f l o o r planning) and working cap i ta l purposes; the making, acquir ing and serv ic ing , for i t s own account and fo r the account of o thers , of exten-sions of c red i t to ind iv idua ls secured by l iens on res iden t ia l or non-resident ia l real estate; and the sale of mortgage l i f e and mortgage d i s -a b i l i t y insurance d i r e c t l y re lated to extensions o f mortgage loans) ; C i t i co rp Washington Indust r ia l Loan Company engages in the fo l lowing addi t ional a c t i v i t i e s (the purchasing and serv ic ing for i t s own account of sales f inance cont racts ; the sale o f c red i t re lated property and casualty insurance protect ing real and personal property subject to a secur i ty agreement with C i t i co rp Washington Indus t r ia l Loan Company and to the extent per-miss ib le under appl icable State insurance laws and regu la t ions ; the extension of loans to dealers for the f inancing of inventory ( f l o o r planning) and working cap i ta l purposes; and the o r i g i n a t i n g , for i t s own account or fo r the account of others, f i r s t mortgage loans secured by res iden t ia l or commercial p roper t ies ) ; C i t i co rp homeowners, Inc. engages in the fo l lowing addi t iona l a c t i v i t i e s (the sale of consumer or iented f inanc ia l manage-ment courses; the making, acqu i r ing , and ser-v i c i n g , for i t s own account and for the account of o thers , o f extensions of c red i t to ind iv idua ls secured by l iens on res iden t ia l or non-resident ial real es ta te ; and the sale of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y re lated to extensions of mortgage loans) from 167 S. Stevens Street, Spokane, Washington to 300 Argonne Bui ld-ing , North 300 Argonne Road, Spokane, Washington, through i t s subs id ia r ies , C i t i co rp Washington Financial Center, I nc . , C i t i co rp Washington Indus t r ia l Loan Company and C i t i co rp Homeowners, Inc. (9/23/83)

New York Manufacturers Hanover Corporation, New York, New York, requests permission to establ ish a cie novo o f f i c e engaging in the fo l lowing a c t i v i t i e s (con-sumer f inance inc lud ing , but not l im i ted t o , the extension of d i rec t loans, secured anc unsecured,


H.2, MP? No. 3P - 27 -


to consumers and the purchase of sales finance cont rac ts ; serv ic ing such loans and other exten-sions of c r e d i t ; and act ing as agent or broker for the sale of c red i t s ingle and j o i n t l i f e insurance and decreasing or level term ( i n the case of s ingle payment loans) c red i t l i f e insurance, and c red i t accident , hea l th , and property insurance d i r e c t l y re lated to exten-sions of c red i t made or acquired by Finance One) at 8?5 Universi ty Woods Dr ive, New Albany, Indiana, through i t s subs id iary , Finance One of Indiana, Inc . (9/22/83)

Richmond

Richmond

Chicago

APPLICATIONS PECEIVED-Continued

^ererrsf Corporation, Minneapolis, Minnesota, noti f ica-tion cf intent to engage in de novo act iv i t ies ( in the act iv i t ies of consumer finance, sales finance and commercial finance, the sale of credit l i f e , credit accident and health and property and credit-related casualty insurance related to extensions of credit by that company (such sale of credit related insurance being a permissible act iv i ty under Sub-paragraph H of T i t le VI of the Garn - St Germain Depository Institutions Act of 1982) and the offer-ing for sale and sell ing of travelers checks) at M l East Mew Street, Kingsport, Tennessee, serving Kingsport, Tennessee, and nearby communities, through i ts subsidiary, Norwest Financial Tennessee, Inc. and at freen Trails Center, 2773 Maple Avenue, Lisle, I l l i n o i s , serving Lisle and Chicago, I l l i n o i s , and nearby suburbs of Chicago, I l l i n o i s , through i ts subsidiary, Norwest Financial I l l i n o i s , Inc. T9/I5/P?)

Mr?? TulSd incorporat ion, Inc . , Tulsa, Oklahoma, for approval to acquire 49.00 percent of Irwin Secur?t

" . . . HKl Mn. - ?9 -

APPLICATIONS PfCEIVEP-Continued

wntas City fountain States Financial Corporation, Albuquerque, Kew Mexico, notif ication of intent to engage in de novo act iv i t ies (to provide mortgage servicing duties for First Federal Savings and Loan Associa-tion of Hilmette, a nonaffiliated company, required by a contract between Federal National Mortgage Association and Evergreen Service, a previously a f f i l i a ted company which was merged into First Federal Savings and Loan Association of Wilmette during I W these act iv i t ies wi l l take place in New Mexico, Colorado, Texas and I l l ino is (9/30/83)

*"

H .21, 1983 No. 38 - 3 0 -


Republic of Nauru, the Republic of Palau, American Samoa fa U.S. t e r r i t o r y ) , western Samoa (an independ-ent State) , FIJI and Tahi t i , the State of Alaska, the Republic of Korea, Japan, Hong Kong, the Republic of China, Singapore, Australia, and New Zealand, and to continue to engage in t rus t , fiduciary and data processing act iv i t ies from an off ice in Honolulu, Hawaii (9/23/83)

Puget Sound Bancorp, Tacoma, Washington, noti f ica-tion of intent to engage in de novo act iv i t ies ( in the reinsurance of credit l i f e , accident and health insurance policies written in connection with extensions of credit by Applicant's sub-sidiaries) conducting i ts act iv i t ies in the State of Arizona, through i ts subsidiary, Puget Sound Life Insurance Company (9/22/83)

San Francisco

* * * * *

REPORTS RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None.


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