h2_19831022.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1983 No. 42)

Actions of the Board; Appl icat ions and Reports

Received During the Week Ending October 22, 1983

APPLICABLE RESERVE BANK ACTIONS OF THE BOARD

Statement by Chairman Paul A. Volcker before the Jo in t Economic committee to discuss the current economic s i t u a t i o n .

Statement by Chairman Paul A. Volcker before the Domestic Monetary Pol icy Subcommittee of the House Banking Committee to present the views of the Federal Reserve Board on a number of b i l l s of importance fo r the s t ruc ture and funct ioning of the Federal Reserve.

Statement of Governor Henry C. Wall ich before the Subcommittee on Domestic Monetary Pol icy of the House Banking Committee to discuss the problems of the strong d o l l a r .

Regulation X, complete rev is ion and s i m p l i f i c a t i o n of the regu la t ion , comment should be received on or before November 30, 1983. (Docket No. R-0487)

Regulation 0, proposed changes, to conform the regula t ion to the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982; the Board requested comment by November 19, 1983. (Docket No. R-0486)

The Federal Reserve Board extended the period for comment on the fee schedule and service enhance-ments for automated clearinghouse services proposed in a release of September 23, 1983; the comment period has been extended through December 2, 1983.

Boston New Howard Bank, National Associat ion, Bur l ington, Vermont, proposal to merge wi th the Howard Bank; report to the Comptroller of the Currency on competi t ive f ac to rs . 1/

1 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

K.2, 1 # 3 No. 4? - ? -

ACTIONS OF THE BOARD - Continued

f Raymond Indus t r ies and Safeway Products, both of Kiddletown, Connect icut , d e r e g i s t r a t i o n approved. V

York C i t i c o r p * New York, New York, extension of t ime to Ju ly 24, 1984, t o cont inue to hold i n d i r e c t l y 2,231,626 shares (10.8 percent) of the common stock of Commonwealth Oi l Ref in ing Company, I n c . , acquired in s a t i s f a c t i o n of debts prev ious ly con t rac ted . ] /

ex t ( * k F i r s t National Bank of Central Jersey , Br idgewater, New Jersey, proposal to purchase the assets and assume the l i a b i l i t i e s of a branch of American National Bank, Morr is town, New Jersey located in Alexandria Township, New Jersey; repor t to the Comptrol ler of the Currency on compet i t ive factors. ] /

New York C i t y Nat ional Bancshares Corporat ion, Newark, New Jersey, extension of t ime w i t h i n which t o become a bank hold ing company w i th respect to C i ty National Bank of New Jersey, Newark, New Jersey. ]_/

Phi ladelphia Faston National Bank and Trust Company, Easton, Pennsylvania, proposal to merge w i th Easton National In ter im Bank and Trust Company, Al lentown, Pennsylvania, under the char te r o f the l a t t e r and w i t h the t i t l e o f the former; repor t to the Comp-t r o l l e r o f the Currency on compet i t ive f a c t o r s . _]_/

( N l d i i H f i h i a Columbia County Farmers National Bank, Orangev i l le , Pennsylvania, proposal to merge w i th CCFNB, Orangev i l l e , Pennsylvania, under the char ter of the l a t t e r and w i t h the t i t l e of the former; report to the Comptrol ler of the Currency on compet i t ive f a c t o r s . J /

ladelph ia F i r s t Pennsylvania Bank, N.A. , Ph i lade lph ia , Pennsyl-van ia , request ing a one-year extension of the ho ld ing per iod f o r d isposing of the shares of Eastern Reincorporation. ] /

n^v# land Peoples Bank and Trust Cpompany, Van Wert, Ohio, tn make an investment i n bank premises. 1/

i / App l i ca t i on processed on behalf o f the Board of Governors under delegated a u t h o r i t y .


H.?, 4? . 3 -


At lanta

At lanta

Chicago

Chicago

Chicago

Chicago

Chicago

( h t d W

Monroe County Bank, Monroevi l le , Alabama, to make an investment in bank premises. ] /

New Iber ia National Bancorp, I nc . , New Iber ia , Louis iana, extension of time u n t i l January 11, 1984, w i th in which to become a bank holding company through the acqu is i t i on of New Iber ia National Bank, New Ibe r i a , Louisiana. 2 /

Pacesetter Bank & Trust - West, Grand Haven, Michigan, app l i ca t ion fo r p r i o r approval to merge wi th Old Kent Bank of Norton Shores, National Associat ion, Norton Shores, Michigan, under the charter of Pacesetter Bank & Trust - West, and t i t l e of Old Kent Bank of Grand Haven; report to the Federal Deposit Insurance Corporation on competit ive f a c t o r s . ] /

Car ro l l National Bank, F lora , Indiana, app l ica t ion for p r i o r approval to merge wi th The Bright National Bank at F lo ra , F lo ra , Indiana, under the charter of Carro l l National Bank and t i t l e of The Bright National Bank at F lora ; report to the Comptroller of the Currency on competi t ive fac to rs . J /

Comerica Bank-Metro East, National Associat ion, S te r l i ng Heights, Michigan, app l i ca t ion fo r p r i o r approval to purchase Commonwealth State Bank, De t ro i t , Michigan, under the charter and t i t l e of Comerica Bank-Metro East, National Associat ion; report to the Comptroller o f the Currency on competi t ive fac to rs . V

Ci t izens Holding Company, Park Ridge, I l l i n o i s , ex-tension of time to January 20, 1984, w i th in which to acquire 80 percent or more of the vot ing shares of Ci t izens Bank & Trust Company, Park Ridge, I l l i n o i s . 2 /

Signal Bancorp, Mont ice l lo , Indiana, extension of time to November 25, 1983, w i t h i n which to become a bank holding company through the acqu is i t i on of 80 percent or more of the vot ing shares of State and Savings Bank, Mont i ce l lo , Indiana. 2 /

Univers i ty Bancshares, I n c . , Milwaukee, Wisconsin, extension of t ime to January 19, 1984, w i th in which to become a bank holding company through the acqu is i t i on of 80 percent or more of the vot ing shares of Univers i ty National Bank, Milwaukee, Wisconsin. 2 /

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


H.?, 19P3 No. a? - 4 -


St . Louis

St . Louis

St . Louis

St . Louis

Kansas Ci ty

Kansas City

Kansas City

Kansas Ci ty

Country Bancorp, I n c . , Mount Ol ive, I l l i n o i s , addi t ional extension of time un t i l December 31, 1983, w i th in which to become a bank holding company through the acqu is i t ion of the successor by merger to National Bank of Mount Ol ive, Mount Ol ive, 111inois. V

F i r s t Tennessee Bank, N.A., Memphis, Tennessee, proposal to merge wi th 14 a f f i l i a t e d subsidiary banks of F i r s t Tennessee National Corporation, Memphis, Tennessee; report to the Comptroller of the Currency on competi t ive fac to rs . \ j

F i r s t Missouri Bank of Washington, Washington, Missouri , proposal to merge wi th and in to F i r s t Missouri Bank of Frankl in County, Gerald, Missour j ; report to the Federal Deposit Insurance Corporation on competit ive f ac to rs . J_/

F i r s t & Peoples Bank, Sp r ing f i e ld , Kentucky, proposal to merge with New F i r s t & Peoples Bank, Spr ing f ie ld , Kentucky, I nc . ; report to the Federal Deposit Insurance Corporation on competi t ive fac to rs . ]_/

Commerce Bank of St . Louis, N.A., St . Louis, Missouri , proposal to merge wi th Commerce Bank of Mound C i t y , St. Louis, Missour i ; report to the Comptroller of the Currency on competit ive fac to rs . ]_/

Commerce Bank of Kansas C i t y , N.A., Kansas C i t y , Missour i , proposal to merge wi th Commerce Bank of Blue H i l l s , Kansas C i t y ; Commerce Bank of Independence, N.A., Independence; Commerce Bank of Grandview, N.A., Grandview; and Plaza Bank and Trust Company, Kansas C i t y , Missour i ; report to the Comptroller of the Currency on competi t ive fac to rs . ]_/

American National Bank in St . Louis, St . Louis, Missour i , proposal to merge wi th Ci ty Bank, St . Louis, Missour i ; report to the Comptroller of the Currency on competit ive fac to rs . _V

Nodaway Valley Bank, Maryv i l l e , Missour i , proposal to merge wi th The Inter im Bank of Nodaway Val ley, Maryv i l l e , Missour i ; report to the Federal Deposit Insurance Corporation on competi t ive fac to rs . ]_/

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


H.2, 1983 No. 42 - 5 -


Kansas Ci ty N.B.C. Bancshares in Pawhuska, I n c . , Pawhuska, Oklahoma, extension of time u n t i l November 22, 1983, in which to consummate the acqu is i t ion of National Bank of Commerce, Pawhuska, Oklahoma. V

Dallas Texas Commerce Bancshares, I n c . , Houston, Texas, extension of time to January 8, 1984, in which to consummate the acqu is i t ion of Texas Commerce Bank-Northcross, N.A., Aust in , Texas, a proposed new bank. J_/

Dallas Hidalgo County Bank and Trust Company, Mercedes, Texas, proposal to merge wi th New Hidalgo County Bank and Trus t , Mercedes, Texas; report to the Federal Deposit Insurance Corporation on competi t ive fac to rs . V

Dallas National Bancshares Corporation of Texas, San Antonio, Texas, extension of time to December 15, 1983, w i th in which to consummate the acqu is i t i on of Coastal Bend Bancshares, I n c . , Robstown, Texas. ]_/

Dallas Med Center Bank, Houston, Texas, proposed merger with New Med Center Bank, Houston, Texas; report to the Federal Deposit Insurance Corporation on competi t ive fac to rs . ]_/

Dallas F i r s t National Bank of Weslaco, Weslaco, Texas, proposal t o merge wi th Second State Bank of Weslaco, Weslaco, Texas; report to the Federal Deposit Insurance Corporation on competi t ive f ac to rs . V

Dallas National Bank of Commerce, Edinburg, Texas, proposal to merge wi th Second State Bank of Commerce, Edinburg, Texas; report to the Federal Deposit Insurance Corporation on competi t ive f ac to rs . 1J

Dallas F i r s t National Bank of Katy, Katy, Texas, proposal to merge wi th F i r s t Katy Bank, Katy, Texas; report to the Federal Deposit Insurance Corporation on competit ive f ac to rs . 1/

San F i r s t In te rs ta te Bank of C a l i f o r n i a , Los Angeles, Francisco C a l i f o r n i a , extension of time w i th in which to

es tab l ish branches; (1) to October 15, 1984, w i th in which to es tab l i sh a branch o f f i c e in the v i c i n i t y of the in te rsec t ion of Betteravia Road and M i l l e r S t ree t , Ci ty of Santa Maria;

V 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, 19P3N0, 4? 6


(2) to October 24, 1984, w i th in which to establ ish a branch in the v i c i n i t y of the in te rsec t ion of Sunrise Avenue and Douglas Boulevard, Ci ty of Rosev i l le ; and (3) to October 22, 1984, w i th in which to estab l ish a branch o f f i c e in the v i c i n i t y of the in te rsec t ion of Colima and Albatross Roads in the unincorporated community of Rowland Heights, Los Angeles County, C a l i f o r n i a . JJ

Temporary suspension of the Regulation 0 penalty normally imposed upon the ear ly withdrawal of time deposit funds for depositors in the Arizona counties of Graham, Greenlee, Pima, Pinal , Santa Cruz, G i l a , Yavapai, Cochise, and Mohave, and port ions of Apache and Navajo counties af fected by severe storms and f lood ing .

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


H.2, 1983 No. 4? . 7 -


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

Approved New York The Schenectady Trust Company, Schenectady, New

York. To purchase cer ta in assets and assume ce r ta i n l i a b i l i t i e s of seven branches of The Bank of New York, New York, New York, located in Albany and Greene Counties. 1/

* * * * *

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

Approved Richmond Bank of V i r g i n i a , Richmond, V i r g i n i a . To estab l ish

an EFT terminal at Oyster Point Indust r ia l Park, 610 Thimble Shoals Boulevard, Newport News, V i r g i n i a . JV

» r i d Union Trust Company of Maryland, Balt imore, Maryland. To es tab l ish a branch at 101-102 Baltimore Annapolis Boulevard and Drum Point Ave., Anne Arundel County, Maryland. ] /

Chicago 1st Source Bank, South Bend, Indiana. To estab l ish a branch in Room 107, Nagger College Center on the campus of S t . Mary's College, Notre Dame, St . Joseph County, Indiana. 1/

* * * * *

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

Not Disapproved St* Louis Brentwood Bancshares Corporat ion, St . Louis, Missour i .

Kansas Ci ty Montrose Savings Bancshares, I n c . , Montrose, Missour i . 1/

* * * * *

) App l ica t ion processed on behalf of the Board of Governors under (feiewtw# a u t h o r i t y .


%.?+ No .4? - P -


Appl icat ions and No t i f i ca t i ons fo r In ternat iona l 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 o f 1956, as amended

Approved Sen The In ternat iona l Commercial Bank of China, Taipei , f ranctsco Taiwan, entered in to an agreement ICBC that would

l i m i t the depos i t - tak ing a c t i v i t i e s of a branch in Los Angeles, C a l i f o r n i a . (10/20/83) ] /

W Westpac Banking Corporat ion, Sydney, Aus t ra l i a , f r«*n( isto entered in to an agreement that Westpac would l i m i t

the depos i t - tak ing a c t i v i t i e s of a branch in San Francisco, C a l i f o r n i a . (8/18/83) J /

At ar ta In tercont inenta l Bank Holding Company, Miami, F lor ida : grants consent to acquire up to 52 percent of the vot ing shares of Banque Intercommerciale de Gestion, Lausanne, Switzer land.

* * * * *

To form a Bank Holding Company Pursuant to Section a j j *) of the Bank Holding Company Act of 1956

Withdrawn Kansas Ci ty Triad Bancshares, I nc . , Tulsa, Oklahoma, for approval

to acquire 100 percent of the vot ing shares of Triad Bank, N.A., Tulsa, Oklahoma, a proposed new hank.

hen d

Pic hmond

Approved Key Bancorp, I n c . , Logan, West V i r g i n i a , for approval

to acquire at least 80 percent of the vot ing shares o f The National Bank of Logan, Logan, West V i r g i n i a . ]_/

Lake Ci ty Bancshares, I n c . , Lake C i t y , South Carol ina, f o r approval to acquire 100 percent of the vot ing shares of Lake Ci ty State Bank, Lake C i t y , South Carol ina. 1/

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


H.?, 1983 No. 4? - 9 -


Richmond

At lanta

At lanta

At lanta

Atlanta

Chicago

St . Louis

Minneapoli s

Minneapoli s

Pocahontas Bankshares Corporat ion, B l ue f i e l d , West V i r g i n i a , for approval to acquire 100 percent of the vot ing shares of the successor by merger to The F i r s t National Rank of B lue f i e l d , B lue f i e ld , West Virginia. ] /

CBS Bancshares, I nc . , Spencer, Tennessee, for approval to acquire at least 80 percent of the vot ing shares of Ci t izens Bank of Spencer, Spencer, Tennessee. V

Columbiana Bancshares, Inc. , Columbiana, Alabama, fo r approval to acquire at least 80 percent of the vot ing shares of F i r s t National Bank of Columbiana, Columbiana, Alabama. ]_/

Local Investors, I nc . , Unadi l la , Georgia, for approval to acquire at least 80 percent of the vot ing shares of State Bank and Trust Company, Unadi l la , Georgia and at least 12.6 percent of the vot ing shares of Ci t izens Bank , Vienna, Georgia. JJ

T r i -S ta te Bancshares, I n c . , Knoxv i l le , Tennessee, for approval to acquire at least 80.3 percent of the vot ing shares of The F i r s t National Bank of Polk County, Copperhil1, Tennessee. V

The Farmers Bancorp, Frankfor t , Indiana, for approval to acquire at least 80 percent of the vot ing shares of the successor by merger to The Farmers Bank, Frank for t , Indiana. V

Lincoln Bankshares, I n c . , L incoln, Arkansas, for approval to acquire at least 82.1 percent of the vot ing shares of Bank of L inco ln , L incoln, Arkansas. ]_/

Bancommunity Service Corporation, St . Peter, Minnesota, fo r approval to acquire at least 80 percent of the voting shares of The F i r s t National Bank of St . Peter, St. Peter, Minnesota. JJ

Carl son Bankshares, I n c . , Comfrey, Minnesota, for approval to acquire at least 89.25 percent of the vot ing shares of Peoples State Bank of Comfrey, Comfrey, Minnesota. 1/

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


H.P, 1983 No. 4? - TO -


Minneapol i s

Minneapolis

Kansas City

Kansas City

Kansas City

Dallas

San Franci sco

San Francisco

Financial Services of Evansv i l le , I n c . , Albany, Minnesota, for approval to acquire at least 82.1 percent of the vot ing shares of Farmers State Bank of Evansv i l le , Fvansv i l le , Minnesota. ]_/

Onalaska Holding Company, I n c . , Onalaska, Wisconsin, fo r approval to acquire 80.87 percent of the vot ing shares of Bank of Onalaska, Onalaska, Wisconsin. ]_/

Farmers State Bancorporation of Yuma, Inc . , Yuma, Colorado, fo r approval to acquire at least 80 percent of the vot ing shares of Farmers State Bank, Yuma, Colorado. ]_/

One Secur i ty , I nc . , Kansas C i t y , Kansas, for approval to acquire 100 percent of the vot ing shares of Security Bancshares, I n c . , Kansas C i t y , Kansas, and i n d i r e c t l y acquire Securi ty National Bank, Kansas C i t y , Kansas. ] /

Salina Bancshares, I n c . , Wichi ta, Kansas, for approval to acquire at least 99.6 percent of the vot ing shares of United Bankshares, I nc . , Sal ina, Kansas and i n d i r e c t l y acquire The Planters Bank and Trust Company, Sal ina , Kansas. ]_/

Texas F i r s t Financial Corporat ion, Dal las, Texas, fo r approval to acquire at least 80 percent of the vot ing shares of Dallas In ternat ional Bank, Dal las, Texas, and F i r s t Bank & Trust , Tombal1, Texas. V

High Tech Bancorp, Los Gatos, C a l i f o r n i a , fo r approval to acquire 100 percent of the vot ing shares of High Tech National Bank, Los Gatos, C a l i f o r n i a , a pro-posed new bank. ]_/

Western Independent Bancshares, I nc . , Auburn, Washington, fo r approval to acquire at least 95 percent of the vot ing shares of Auburn Valley Bank, Auburn, Washington. ]_/

* * * * *

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


H.2, 1983No. 42 - 1 1 -


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

Approved Richmond F i r s t Ci t izens Bancorporation of South Carol ina,

Inc . , Columbia, South Carol ina, fo r approval to acquire at least 25 percent of the vot ing shares of Rock H i l l National Bank, Rock H i l l , South Carolina and up to 62 percent of RHNB Corporation, Rock H i l l , South Carol ina. ]_/

Chicago Harr is Bankcorp, I n c . , Chicago, I l l i n o i s , for approval to acquire 100 percent of the vot ing shares of the successor by merger to Bank of Naperv i l le , Naperv i l le , I11 i n o i s . ]_/

Minneapolis Jackass Creek Land and L ivestock, Company, Ennis, Montana, fo r approval to acquire an addi t ional 10.8 percent f o r a t o t a l of 57.5 percent of the vot ing shares of F i r s t Madison Valley Bank, Ennis, Montana. ]_/

Kansas City The American Company, Lawton, Oklahoma, for approval to acquire 100 percent of the preferred shares of American National Bancorp, I nc . , Lawton, Oklahoma and i n d i r e c t l y The Sheridan Bank and Trust Company, Lawton, Oklahoma. V

Kansas City American National Bancorp, Inc . , Lawton, Oklahoma, fo r approval to acquire 100 percent of the vot ing shares of Sheridan Bancorp, I n c . , Lawton, Oklahoma and 19.87 percent of the vot ing shares of The Sheridan Bank and Trust Company, Lawton, Oklahoma. ]_/

Kansas City Citizens Banco, Inc . , Westminster, Colorado, for approval t o acquire 100 percent of the vot ing shares of Ci t izens Bank of Glendale, Glendale, Colorado, a proposed new bank. 1/

Kansas Ci ty Fourth Financial Corporat ion, Wichi ta, Kansas, for approval to acquire 24.98 percent of the vot ing shares and 100 percent of the nonvoting shares of Salina Bancshares, Inc . , Wichi ta, Kansas and i n d i r e c t l y acquire The Planters Bank and Trust Company, Sal ina, Kansas. ]_/

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


H . f , 1*P3 NO. 4? - 1 ? -


< Ci ty Indus t r ia l Bancshares, I n c . , Kansas C i t y , Kansas, for approval to acquire at least 40 percent of the nonvoting class A and class P common stock of One Securi ty* I n c . , Kansas C i t y , Kansas. 1/

Kansas Ci ty Mission Bancshares, I nc . , Mission, Kansas, for approval to acquire at least 20 percent of the nonvoting class A and class B common stock of One Secur i ty , I n c . , Kansas C i t y , Kansas. ] /

Ci ty Valley View Bancshares, I nc . , Overland Park, Kansas, fo r approval to acquire at least 40 percent of the nonvoting class A and class B common stock of One Secur i ty , I n c . , Kansas C i t y , Kansas. 2 /

pent Tree Bancshares, I n c . , Dal las, Texas, for approval to acquire 100 percent of the vot ing shares of Plaza Centre National Bank, I r v i ng , Texas, a proposed new bank. J /

OaUas Falcon Bancorporation, I nc . , Chi ldress, Texas, for approval fo acquire at least 80 percent of the vot ing shares of The F i r s t National Bank of Memphis, Memphis, Texas. 1/

landmark Financial Group, I n c . , Fort Worth, Texas, f^r (ipprnvai to acquire 100 percent of the vot ing shares of Landmark Bank of Fort Worth, Fort Worth, Ioxa<, a proposed new bank. 1/

To Fxpanf a Bank Holding Company Pursuant to Section of the Bank Holding Company Act of 1956

Approved Trust Company of Georgia, A t lan ta , Georgia, for

apiroval to merge wi th Peachtree Bancshares, fh<inhlei»f Georgia and thereby i n d i r e c t l y to acquire Peachtree Bank and Trust Company, Chamblee, Georgia and Bank of Woodstock, Woodstock, Georgia.

3 / A ;p i i ca t ion processed on behalf of the Board of Governors under delegated a u t h o r i t y .


1QP3 4? - 1 3 -

ACT!Of(S OF THE BOARD - Continued

fkpand ^ Pank Holding Company Pursuant to Section «StaXRi the Pank Holding Company Act of 1956

Returned as f i t ) Xc-^rer ica Bancshares, Inc . , Wichita, Kansas*

not i f icat ion of intent to engage in de novo act iv i t ies ( in consumer and commercial finance a c t i v i t i e s , including the extension of re ta i l and installment notes or contracts, the purchase of recreational lot notes, the extension of direct loans to dealers for the financing of inventory [ f loor planning! and working capital purposes, and acting as agent for sale of l i f e , accident and health insurance direct ly related to : ts extensions of credit ) these act iv i t ies *ou#d he conducted in the State of Kansas, through

subsidiary, Financial Services of Mid-America, Inc. ( 10 /20 /23 )3 /

at ;enters Southwest Corporation, Dallas, Texas, ra t i f i ca t ion of intent to engage in de novo act iv i t ies (making or acquiring and servicing loans and other extensions of credit such as would be made by a mortgage company, finance, credit card, or factoring company; acting as an investment ana financial advisor to the extent of furnishing general economic information and advice, general economic stat is t ica l forecasting services and industry studies as well as providing portfolio investment advice to any other person and serving as an advisory company for a mortgage or real estate investment t rus t ; providing bookkeeping on data processing for the internal operations of Rankers Southwest Corporation and i ts subsidiaries and for others pursuant to 225.4 8 ( i i ) ; providing courier services for internal operations of the Rankers Southwest Corporation and i ts subsidiaries) the service area to he served by Rankers Southwest Corporation shall be the State of Texas, for a l l ac t iv i t ies (Q/26/R3) 3/

n o n f a t nr processed by Reserve Bank on behalf of the r i^fd of noverrrft uncer delegated authority.


H.?, iGf? t o . dp 14


New Yon

u1 is

Approved Chemical New York Corporation, New York, New York,

for approval to engage direct ly for i ts own account in purchases, sales and repurchase agreements with respect to money market instruments, including hankers' acceptances, cert i f icates of deposits and third party commercial paper.

Financial Services of Evansville, Inc. , Albany, Minnesota, for approval to engage in general insurance act iv i t ies in a community with a popu-lation of less than 5,000. 1/

Kansas City Farmers State Bancorporation of Yuma, Inc. , Yuma, Colorado, for approval to acquire 100 percent of Farmers State Agency, Yuma, Colorado. 1/

Permitted '.ew The Bank of New York Company, Inc . , New York, New

York, requests permission to establish a de novo off ice engaging in the following act iv i t ies (making loans secured by f i r s t and second mortgages on real estate consisting of one-to-four family residential properties) at 1570 Old Country Road, Westhury, New York, through i ts subsidiary, ARCS Mortgage, Inc. (10/20/83) 2 /

» Bankers Trust New York Corporation, New York, New York, requests permission to establish two de novo offices engaging in the following act iv i t ies (executing and clearing futures contracts on U. S. government and GNMA securit ies, negotiable money market instruments, foreign exchange and bu l l i on on the major commodity exchanges and their a f f i l i a ted c lear ing associations through de novo branch o f f i ces ) at ?80 Park Avenue, New York, New York, and 1100 Milam, Houston, Texas, through i t s subsidiary, BT Futures Corp. (10/21/R3) 3/

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

3/ dfc)?R) noti f icat ion processed by Reserve Bank on behalf of the Hoard of Governors under delegated authority.


H.7, 1983 No. 4? - 1 5 -


New York C i t i c o r p , New York, New York, requests permission to es tab l i sh de novo o f f i ces engaging in the fo l lowing ac t i v i t i es~T the making or acquir ing of loans and other extensions of c r e d i t , secured or unsecured, for consumer and other purposes; the sale of c red i t - r e l a ted l i f e and accident and health insurance by l icensed agents or brokers, as required; the sale of consumer or iented f inanc ia l management courses; the serv ic ing , fo r any person, of loans and other extensions of c r e d i t ; the making, acqu i r ing , and serv ic ing , for i t s own account and fo r the account of o thers , of extensions of c red i t to ind iv idua ls secured by l iens on res ident 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 la ted to extensions of mortgage loans) at 176 Middle St ree t , Port land, Maine, through i t s subs id iar ies , C i t i co rp Homeowners, Inc. and Citcorp Person-to-Person Financial Center, Inc. (10/16/83) 3/

New York C i t i c o r p , New York, New York, requests permission to es tab l ish de novo o f f i ces engaging in the fo l lowing ac t i v i t i es~T the making or acquir ing of loans and other extensions of c r e d i t , secured or unsecured, fo r consumer and other purposes; the sale of c r e d i t -re lated l i f e and accident and health insurance by l icensed agents or brokers, as required; the sale of consumer or iented f inanc ia l management courses; the se rv ic ing , for any person, of loans and other extensions of c r e d i t ; the making, acqu i r ing , and se rv i c ing , for i t s own account and for the account of o thers , of extensions of c red i t to ind iv iduals 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 of mortgage loans) at AAMCO Bu i ld ing , 4th Floor One President ia l B lvd . , Bala Cynwyd, Pennsylvania, through i t s subs id ia r ies , C i t i co rp Homeowners, Inc. and C i t i co rp F inanc ia l , Inc. (10/16/83) 3/

Nmw York Norstar Bancorp I nc . , Albany, New York, requests per-mission to estab l ish a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s (act ing as an advisory company fo r mortgage and real estate investment t r u s t s , serving as an investment advisory, as defined in Section 2(a)(20) of the Investment Company Act of 1940, to investment companies registered under such a c t , providing p o r t f o l i o

3? 4(c ) (8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the " Board of Governors under delegated au tho r i t y .


H.?, 1983 No, 4? - 16 -


investment advice to other persons and, in p a r t i -cu l a r , to the t r u s t departments of the subsidiary banks of Norstar Bancorp Inc. and Security New York State Corporation, fu rn ish ing general economic information and advice, general economic and s t a t i s t i c a l forecast ing services and industry s tud ies, providing f inanc ia l advice to State and local govern-ments, such as wi th respect to the issuance of t h e i r secu r i t i es , and conducting such inc identa l a c t i v i t i e s as are necessary to carry out the a c t i v i t i e s speci f ied above) at One East Avenue, Rochester, New York, through i t s subs id iary , Norstar Investment Advisory Services, Inc. (10/21/83) 3/

Richmond Union Trust Bancorp, Bal t imore, Maryland, n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s (making insta l lment loans to ind iv idua ls for personal, fami ly or household purposes; purchasing sales finance con-t rac ts executed in connection with the sale of personal, fami ly or household goods or services; act ing as agent in the sale of c red i t l i f e and c red i t accident and health insurance d i r e c t l y re lated to i t s extensions of c r e d i t ; act ing as agent in the sale of insurance protect ing c o l l a t e r a l held against the extensions of c r e d i t ; and making mortgage loans secured in whole or in part by mortgages or other l iens on real estate) at 300 B a t t l e f i e l d Boulevard, North, Chesapeake, V i r g i n i a , through i t s subs id iary , Landmark Financial Services of V i r g i n i a , Inc. (10/21/83) 2 /

Chicago Harr is Bankcorp, I nc . , Chicago, I l l i n o i s , n o t i f i -cat ion of in ten t to engage in de novo a c t i v i t i e s ( i n performing any one or more of the funct ions or a c t i v i t i e s that may be performed by a t r u s t company inc luding a c t i v i t i e s of a f i d u c i a r y , agency or custodial nature) in New York, New York, these a c t i v i t i e s would be conducted nationwide, through i t s subs id iary , Harr is Trust Company of New York (10/18/83) 3/

Chicago Manufacturers National Corporat ion, De t ro i t , Michigan, fo r p r i o r approval to acquire 100 percent of Manufacturers Trust Company of F lo r ida , N.A., North Palm Beach, F lo r ida , to estab l ish a de novo t r u s t company and to engage in personal t r u s t and estate a c t i v i t i e s also se l f employment

3/ *3 ' c } ' 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the Poard of Governors under delegated au tho r i t y .


H.2, 1983 No. 42 - 1 7 -


Kansas City

Kansas City

Dallas

San Francisco

San Francisco

and individual retirement accounts, the geographic area to served wi l l be Palm Beach County and i ts immediate environs (10/22/83) 2 /

IntraWest Financial Corporation, Denver, Colorado, not i f icat ion of intent to engage in de novo act iv i t ies ( in the origination of VA, FHA, and Conventional mortgage loans as well as real estate commercial and construction loan act iv i t ies as would be made by a mortgage banking company) these act iv i t ies would be performed in the State of Colorado and more particularly in the northwestern quadrant of the Denver, Colorado, metropolitan area as well as in Boulder County, Colorado, through i ts subsidiary, IntraWest Mortgage Company (8/22/83) 3/

Tampa State Bankshares, Inc. , Tampa, Kansas, notif ication of intent to engage in de novo act iv i t ies ( in securities brokerage services) in the City of Tampa, Kansas and the surrounding area including Marion and Dickinson Counties, Kansas (10/21/83) 2 /

Schreiner Bancshares, Inc. , Kerrvi l le , Texas, noti-f ication of intent to engage in de novo act iv i t ies ( in the underwriting of credit l i f e insurance and credit accident and health insurance which is direct ly related to extensions of credit by the Applicant or i ts subsidiaries) through i ts sub-sidiary, Schreiner Life Insurance Company (10/21/83) 3/

Security Pacific Corporation, Los Angeles, Cali fornia, not i f icat ion of intent to engage in de novo act iv i t ies ( in the origination and acquisition of mortgage loans, including development and construction loans on multi-family and commercial properties for Security Pacific Mortgage Corporation's own account or for sale to others; and the servicing of such loans fo r others) at 3001 Henderson Drive, Cheyenne, Wyoming, serving the State of Wyoming, through i ts subsidiary, Security Pacific Mortgage Corporation (10/17/83) 3/

Sterling Bancorporation, Los Angeles, Cali fornia, not i f icat ion of intent to engage in de novo act iv i t ies ( in making or acquiring loans and other extensions of credit such as would be made by a borrowers equipment, inventory, accounts receivable,

3? 4(c) (8) not i f icat ion processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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

H.?, No. 42 - 18 -

ANIONS UP THE BOARD - Continued

real estate or other assets; servicing such loans for others; and making leases of personal property in accordance with the Board's Regulation Y) at 3287 Wilshire Boulevard, Los Angeles, Cal i fornia, serving Southern Cal i fornia, through i ts subsidiary, Sterling Business Credit. Inc. (10/17/83) 3V

United Incorporat ion, Alaska, Inc. , Anchorage, Kfo Alaska, not i f icat ion of intent to engage in

de novo act iv i t ies ( (a) making or acquiring loans and other extensions of credit such as would be made by a mortgage company and/or commercial financial company including: real estate construction loans, both commercial and residential; real estate residential term loans; commercial loans secured by a borrower's inventory, accounts receivable, or other assets; and instal lment consumer loans; and (b) servicing such loans for others, in accordance with the Board's Regulation Y; and (c) acting as agent or broker for credit related l i f e , accident, health or unemployment insurance; pursuant to Section 601(A) of t i t l e VI of the Garn-St Germain Act) at 440 East 36th, Anchorage, Alaska, serving the State of Alaska, through i ts subsidiary, UBA Mortgage Company, Inc. (10/22/83) 2 /

* * * * *

To Issue El igible Acceptances Up to 200 Percent of Paid-in Capital and Surplus

Approved Cleveland Mellon National Corporation, Pittsburgh, Pennsylvania:

granted permission fo r Mellon Bank, N.A., to accept d r a f t s of b i l l s of exchange up t o 200 percent of i t s paid-up and unimparied cap i ta l stock and surplus pursuant to Section 13 of the Federal Reserve Act. (10/17/83) 1/

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

?/ not i f icat ion processed by Reserve Bank on behalf of the &oard of Governors under delegated authority.


H.?, 19*3 No. 4? - 1 9 -

APPLICATIONS RECEIVED

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

First Virginia Bank - Eastern Shore, Onancock, Virginia , to merge with Peoples Trust Bank, Exmore, Virginia. 2/

First Virginia Bank - Central, Charlottesvil le, Virginia , to merge with First Virginia Bank of Orange, Orange, Virginia. 2V

American Bank of Bloomington, Bloomington, I l l i n o i s , to merge with American State Bank of Bloomington, I l l i n o i s . ?/

Richmond

Richmond

Chicago

* * * * *

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

Chicago American Bank of Bloomington, Bloomington, I l l i n o i s . 2/

Chicago Marine Interim Bank, Antigo, Wisconsin. 2/

* * * * *

Philadelphi a

San Francisco

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

Fidel i ty Bank , Rosemont, Pennsylvania. To estab l ish a branch at 2700 Interplex Drive, Trevose, Bucks County, Pennsylvania. 2J

Home Valley Bank, Cave Junction, Oregon. Branch o f f i c e to be located in the Deer Creek Plaza in the v i c i n i t y of the intersection of Deer Creek Road and Redwood Highway in Selma, Oregon. 2/

* * * * *

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


H.2, 1983 No. 42 - 2 0 -

APPLICATIQNS RECEIVED - Continued

Appl icat ions and No t i f i ca t ions fo r In ternat ional 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

New York The Bank of Bermuda L imi ted, Hamilton, Bermuda: requests consent to es tab l i sh an Edge Act corporat ion in New York, New York, to be named Bank of Bermuda In ternat ional L imi ted.

New York Citibank Overseas Investment Corporation, Wilmington, Delaware: p r io r n o t i f i c a t i o n of i t s in tent to acquire addi t ional shares of Diners Club Deutschland BmbH, Frank fur t , Germany.

New York Cit ibank Overseas Investment Corporation, Wilmington, Delaware: p r io r n o t i f i c a t i o n of i t s in tent to acquire addi t ional shares of Diners Club De France S.A., Par is , France and Diners Club of Greece S.A., . Athens, Greece.

New York C i t i co rp , New York, New York, p r io r n o t i f i c a t i o n of i t s in ten t to make an addi t ional investment in C i t i co rp Cred i t , I n c . , Tokyo, Japan.

San Rainier Bancorporation, Seat t le , Washington: p r i o r Francisco n o t i f i c a t i o n of i t s in ten t to es tab l ish an export

t rad ing company to be named Rainier In ternat ional Trading Company in Seattle, Washington.

San Sea t t le-F i r s t National Bank, Seat t le , Washington: Francisco p r i o r n o t i f i c a t i o n of i t s in tent to increase the

share cap i ta l to Seat t le-F i r s t Bank Canada.

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

New York B.N.Y. Holdings Corporation, Wilmington, Delaware, for approval to acquire at least 99.9 percent of the vot ing shares ( less d i r ec to r s ' qua l i f y i ng shares) of The Bank of New York (Delaware), Wilmington, Delaware, a proposed new bank. 2/

7J Appl icat 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.2, 1983 No. 42

New York

Cleveland

At lanta

At lanta

Chicago

Chicago

Chicago

Chicago

APPLICATIONS RECEIVED - Continued

Bremar In ternat iona l L imi ted, Bremar Holdings L imi ted; and Bremar America L imi ted, a l l of London, England, and Bremar Banking Corporat ion, New York, New York, for approval to acquire at least 50.1 percent; at least 51 percent; at least 50.1 percent and at least 50.1 percent of The Bank of Long Is land, N.A., East I s l i p , New York, respec t ive ly . 2/

FSB Financial Corp., New Madison, Ohio, for approval to acquire 100 percent of the vot ing shares of The Farmers State Bank and Trust Company, New Madison, Ohio. 2/

The Weatherford Foundation of Red Bay, Alabama, I nc . , Red Bay, Alabama, for approval to acquire at least 54 percent of the vot ing shares of Bank of Red Bay, Red Bay, Alabama. 2J

Wi l l i s t on Holding Company, W i l l i s t o n , F lo r ida , for approval to acquire 100 percent of the vot ing shares of Perkins State Bank, W i l l i s t o n , F lo r ida . 2J

Denmark Bancshares, I n c . , Denmark, Wisconsin, for approval to acquire 80 percent or more of the voting shares of Denmark State Bank, Denmark, Wisconsin. 2/

F i r s t Pos t v i l l e Bancorporation, I nc . , P o s t v i l l e , Iowa, f o r approval to acquire 91.68 percent or more of the vot ing shares of Ci t izens State Bank, Pos t v i l l e , Iowa. 2/

Gardner Bancorp, I n c . , Morr is , I l l i n o i s , fo r approval to acquire 100 percent of the vot ing shares (less d i rec to rs ' qua l i f y ing shares) of the successor by merger to Exchange Bank, Gardner, I l l i n o i s . 2/

I l l i n i Community Bancorp, I n c . , Sp r ing f i e ld , I l l i n o i s , f o r approval to acquire 100 percent ( less d i rec to rs ' qua l i f y i ng shares) of the vot ing shares of F i rs t State Bank & Trust Company of Sp r i ng f i e l d , Sp r ing f i e ld , I l l i n o i s ; Mechanicsburg Cit izens Bank, Mechanicsburg, I l l i n o i s ; American State Bank of Sp r ing f i e ld , Sp r i ng f i e l d , I l l i n o i s ; Community Bank of Divernon, Divernon, I l l i n o i s ; and Stonington Community Bank, Stonington, I l l i n o i s . 2]

2/ Appl icat 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 per iod. .


H.2, 1983 No. 4? - 2 2 -

APPLICAT IONS RECEIVED - Continued

Chicago Lowell National Bancorp, Lowell, . Indiana, fo r approval to acquire 100 percent of the voting shares (less directors' qua l i f y i ng shares) of the successor by merger to The Lowell National Bank, Lowel l , Indiana. 2/

Chicago Luxemburg Bancshares, I nc . , Luxemburg, Wisconsin, for approval to acquire 90.85 percent of the vot ing shares of Bank of Luxemburg, Luxemburg, Wisconsin. 2/

St. Louis Citizens National Bancshares of Hope, Inc . , Hope, Arkansas, for approval to acquire at least 80 percent of the voting shares of Citizens National Bank of Hope, Hope, Arkansas, 2]

St. Louis First National Bancorporation of Carlyle, Carlyle, I l l i n o i s , f o r approval to acquire 90 percent of the vot ing shares of F i r s t National Bank of Carlyle, Carlyle, I l l i n o i s . 2 /

St. Louis Hopkins Bancorp, Inc. , Wickl i f fe, Kentucky, for approval to acquire at least 80 percent of the voting shares of Citizens State Bank, Wickl i f fe , Kentucky. 2/

St. Louis Steelevi l le Bancshares, Inc. , Steelevi l le , I l l i n o i s , for approval to acquire at least 80 percent of the voting shares of the First National Bank of Steelevi l le , S t e e l e v i l l e , I l l i n o i s . 2/

St. Louis United Southern Corporation, Clarksdale, Mississippi, for approval to acquire 100 percent of the voting shares of the successor by merger to United Southern Bank, CIarksdale, Mississippi. 2/

Minneapolis VH Bancorporation, Inc . , Minneapolis, Minnesota, for approval to acquire at least 80.2 percent of the vot ing shares of Grand Marais State Bank, Grand Marais, Minnesota. 2/

Kansas City MBI Bancshares, Inc . , Kansas City, Missouri, for approval to acquire 100 percent of the voting shares of The Merchants Bank; The Universi ty Bank; Broadway Bancshares, I n c . , and indirectly Broadway National Rank; Metropol i tan Bancshares, I n c . , and i n d i r e c t l y Metropolitan Bank, a l l of Kansas City, Missouri. 2/

2/ Application subject to Community Reinvestment Act. The Community f f f a i r s Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1983 No. 42 - 2 3 -


Kansas City NGM Bancorp., Inc . , Kansas City, Kansas, for approval to acquire at least 80 percent of the voting shares of Westgate State Bank, Kansas City, Kansas. 2/

'c'scs City P.N.B. Financial Corporation, Kingfisher, Oklahoma, for approval to acquire 100 percent of the voting shares of The Peoples National Bank, Kingfisher, I k i 3hOir'd , 2/

* s s City ^ocKy Mountain Bancorp, Greeley, Colorado, for approval to acquire 100 percent of the vot ing shares of State Bank of Greeley, Greeley, Colorado. 2/

» cos City State Financial Investments, Inc. , Winfield, Kansas, for approval to acquire 100 percent of the voting shares of The State Bank, Winfield, Kansas. 2 /

Dallas East River Bancshares, Benton, Louisiana, for approval to acquire at least 80 percent to 100 percent of the voting shares (less directors' qualifying shares) of Bank of Benton, Benton, Louisiana. 2/

Dal las Planters United Bancshares, Inc. , Rosebud, Texas, for approval to acquire 100 percent of the voting shares of The Planters National Bank of Rosebud, Rosebud, Texas, 2/

Pallas Plaza Bancorporation, Inc . , Dallas, Texas, for approval to acquire 100 percent of the voting shares of Plaza National Bank* Dallas, Texas. 2/

Dallas PSB Financial Corporation, Many, Louisiana, for approval to acquire at least 80 percent of the voting shares of The Peoples State Bank, Many, Louisiana. 2/

San Seattle Bancorporation, Seatt le, Washington, for Francisco approval to acquire 100 percent of the voting shares

of The Bank of Seatt le, Seatt le, Washington. 2/

San United Security Bancorporation, Chewelah, Washington, Francisco for approval to acquire 100 percent of the voting

shares of United Security Bank, Chewelah, Washington. 2/

* * * *

27 application subject to Community Reinvestment Act. The Community Affairs Officer of the applicable Reserve Bank may be contacted as to the length of the comment period..


K ? , W*3%o. d? _ ? 4 _


?o Expand a Bank Holding Company Pursuant to Section cf the Pank Holding Company Act of 1956

New y The Rank of fiew York Company, Inc . , New York Ci ty , New York, for approval to acquire indirect ly , through i ts wholly-owned subsidiary, K.N.Y. Holdings Corporation, Wilmington, Delaware, at least 49.9 percent of the voting shares (less directors' qualifying shares) of The Bank of New York, Hinington, Delaware, a proposed new bank. 2/

i f w ! a n d

Cleveland

Atlanta

Atlanta

Chicago

Pennbancorp, T i tusv i l le , Pennsylvania, for approval to acquire 5 to 12 percent of the voting shares of Bucks County Bank and Trust Company, Easton National Bank and Trust Company, Southeast National Bancshares of PA, The Third National Bank and Trust Company of Scranton, Williamsport National Bank, Ephrata National Bank, Nazareth National Bank and Trust Company, Producers Bank and Trust Company, Union Bank and Trust Company of Eastern PA, The Cheltenham Bank, Penn Central National Bank of Huntington, The Russell National Bank, Common-wealth National Financial Corp. and indirectly Common-wealth National Bank, Harrisburg, Pennsylvania. 2J

Society Corporation, Cleveland, Ohio, for approval to acquire at least 66.67 percent of the voting shares of The First National Bank of Salem, Salem, Ohio. 2/

First Railroad * Banking Company of Georgia, Augusta, Georgia, for approval to acquire up to 100 percent of the voting shares of the successor by merger to Commercial % Exchange Bank, Bremen, Georgia. 2/

Northwest Florida Banking Corporation, Ouincy, Florida, for approval to acquire 100 percent of the voting shares of Citizens Commercial Bank of Tallahassee, Tallahassee, Florida. 2/

Central Wisconsin Bankshares, Inc. , Wausau, Wisconsin, for approval to acquire 51 percent or more of the voting shares of The Union National Bank of Ashland, Ashland, Wisconsin. 2/

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


H.2, 1983 No .42 - 2 5 -


Chicago

Chicago

Chicago

Chicago

St, Louis

Minneapolis

Kansas Ci ty

Commercial Rankshares Corp., Adrian, Michigan, fo r approval to acquire 100 percent of the vot ing shares of the successor by merger to The Ji pson-Carter State Bank, B1 i ss f i e l d , Michigan. 2J

FIRST FREEPORT CORPORATION, Freeport, I l l i n o i s , for approval to acquire at least 80 percent or more of the vot ing shares of Mount Carrol l National Bank, Mount C a r r o l l , I l l i n o i s , at least 90 percent or more of the vot ing sahres of STOCKTON BANCORP, INC., Stockton, I l l i n o i s , and i n d i r e c t l y 89.77 percent of the vot ing sahres of The F i r s t National Bank of Stockton, Stockton, I l l i n o i s , and at least 90 percent or more of the vot ing shares of WARREN BANCORP, INC., Warren, I l l i n o i s , and i n d i r e c t l y 85.33 percent of the vot ing shares of Cit izens Bank and Trust Company, Warren, I I l i n o i s . _2/

The Marine Corporat ion, Milwaukee, Wisconsin, for approval to acquire 100 percent of the vot ing shares ( less d i rec to rs ' qua l i f y i ng shares) of the successor by merger to The F i d e l i t y Savings Bank of Ant igo, Wisconsin, Ant igo, Wisconsin. _2/

Peoples Bankshares, L t d . , Waterloo, Iowa, for 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 La Porte City State Bank , La Porte C i t y , Iowa. 2/

F i r s t Exchange Corp., Jackson, Missour i , for approval to acquire 100 percent of the vot ing shares of F i r s t Exchange Bank of Cape Girardeau, Cape Girardeau, Missour i , a proposed new bank. 2/

Dacotah Bank Holding Company, Aberdeen, South Dakota, f o r approval to acquire 100 percent of the vot ing shares of The F i r s t National Bank of Selby, Selby, South Dakota. 2J

In ternat iona l Bancshares, I n c . , Gladstone, Missour i , f o r approval to acquire at least 23.09 percent of the vot ing shares of MB I Bancshares, I nc . , Kansas C i t y , Missour i , and i n d i r e c t l y The Merchants Bank and The Univers i ty Bank, both of Kansas C i t y , Missour i . 2/

2/ Appl icat 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.2, 1983 No. 42 - 2 6 -


Kansas City Metro Bancshares, Inc. , Kansas C i t y , Missour i , fo r approval to acquire at least 12,71 percent of the vot ing shares of MBI Bancshares, I n c . , Kansas City, Missour i , and i n d i r e c t l y the Merchants Bank and the University Bank, both of Kansas C i t y , Missour i . 2]

Pallas United Texas Bancshares, I nc . , Aust in, Texas, for approval to acquire at least 80 percent of the voting shares of CenTex Bancshares, I nc . , Cranfil ls Gap, Texas and i n d i r e c t l y F i r s t Security State Bank, C r a n f i l l s Gap, Texas. 2J

* * * * *

To Expand a Bank Holding Company Pursuant to Section 3(a)(5) of the Bank Holding Company Act of 1956

Cleveland Pennbancorp, T i t u s v i l l e , Pennsylvania, f o r approval to acquire 100 percent of the voting shares of F i r s t Seneca Corporat ion, Oil C i t y , Pennsylvania and indirectly acquire F i r s t Seneca Bank, Bu t le r , Pennsylvania. 2/

* * * * *

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

Boston Bank of Boston Corporation, Boston, Massachusetts, n o t i f i c a t i o n of in ten t to engage i n de novo a c t i v i t i e s ( in the act iv i ty o f act ing as under-wr i te rs for c red i t l i f e insurance which i s d i r e c t l y re lated to i t s extensions of credit) at 100 Federal St ree t , Boston, Massachusetts, these a c t i v i t i e s would be performed in the s ta te of Massachusetts, through i t s subs id iary , Bui f inch L i f e Insurance Company (10/18/83)

Boston Bank of Boston Corporation, Boston, Massachusetts, 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 providing data processing and transmission services to others where: (a) data to be processed or furnished are f inanc ia l , banking or economic, and

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

I


H.2, 19P3N0.42 - 2 7 -


the services are provided pursuant to a wr i t ten agreement so descr ibing and l i m i t i n g the serv ic ies ; (b) the f a c i l i t i e s are designed, marketed and operated fo r the processing and transmission of f i n a n c i a l , banking or economic data; and (c) hard-ware in connection therewi th i s of fered only in conjunct ion wi th software designed and marketed fo r the processing and transmission of f i n a n c i a l , banking or economic data, and where the general purpose hardware does not cons t i tu te more than 30% of any packaged o f f e r i ng ) at One Canal Plaza, Port land, Maine, these a c t i v i t i e s would be conducted in the state of Maine, through i t s subs id iary , FBC, Inc. (10/17/83)

New York Barclays Bank PLC and Barclays Bank In ternat ional L td . , both of London, England, request permission to expand the a c t i v i t i e s of 312 o f f i ces to engage in the fo l lowing a c t i v i t i e s (the sale at r e t a i l , through the o f f i c e s , of money orders issued by BBI, American Express or another reputable f i nanc ia l services company and having a face value not exceeding $1,000) in Alabama, Arizona, Colorado, Delaware, F lo r ida , Georgia, Idaho, Indiana (except for Fort Wayne, Indiana which w i l l be "BAF" of Fort Wayne, Inc. and New Albany, Indiana which w i l l be "BAF" of New Albany, I n c . , (both incorporated in Indiana), Kansas, Kentucky and also "BAF" of Kentucky, I n c . ) , Louisiana, Maryland, Michigan, M iss i ss ipp i , New Mexico, New York (which w i l l be a New York Corporat ion), North Carol ina, Ohio, Oklahoma, Oregon, South Dakota, Tennessee, Texas (which w i l l be a Texas Corporat ion), South Carol ina, Utah, V i r g i n i a , Washington, West V i rg in ia (also as "BAF" of West V i rg in ia (a West V i rg in ia Corporat ion)) and Wyoming, through i t s sub-sidiary , BarclaysAmerican/Financial, I nc . ; i n Delaware, F lo r i da , North Carolina, V i rg in ia (except in Pulaski and V i rg in ia Beach, V i rg in ia ) "BAFS" a North Carolina Corporation d/b/a "BAFS" of V i r g i n i a , through i t s sub-s id ia ry , BarclaysAmerican/Financial Services, Inc . ; in Arizona, Delaware, F lo r i da , Kentucky (which w i l l only be L o u i s v i l l e , Kentucky), North Carol ina, Ohio and V i r g i n i a , through i t s subs id iary , Barclays-American/Mortgage, I n c . ; i n New York, through i t s subs id ia ry , BardaysAmerican/Retail Services, Inc. fan Ohio Corporat ion); in Pennsylvania, through i t s subs id ia ry , BarclaysAmerican/Consumer Discount Company (a Pennsylvania Corporation) and in Washington, through i t s subs id ia ry , BarclaysAmerican/Industrial Loan Corporation (a Washington Corporation) (10/17/83)

I


H.2, M M No. 4? - 28 -


Nm, rk The Chase Manhattan Corporation, New York, New York, requests permission to establish a de novo o f f i c e engaging in the following act iv i t ies (making or acquiring for i ts own account and for the account of others, loans and other extensions of credi t , both secured and unsecured including, but not limited to , consumer and business lines of credi t , installment loans for personal, household and business purposes and mortgage loans secured by real property; servicing loans and other extensions of credi t ; and acting as insurance agent for credit l i f e insurance and credit accident and health insurance direct ly related to such lending and servicing act iv i t ies ) at Atlanta Financial Center, Suite L-200, 3333 Peachtree Road, Atlanta, Georgia, through i ts subs id ia ry , Chase Manhattan Financial Services, Inc. (10/20/83)

New York Chemical New York Corporation, New York, New York, requests permission to expand the service area of an existing off ice engaging in the following act iv i t ies (making or acquiring for i ts own account loans and other extensions of credit and servicing loans and other extensions of credit including, but not limited to , making or acquiring loans to consumers; making or acquiring loans and other extensions of credit to businesses [including inventory financing]; making or acquiring extensions of credit secured by personal property lease contracts; acting as agent or broker for the sale of credit related insurance direct ly related to such act iv i t ies ) at 514 South Stratford Road, Winston-Salem, North Carolina, through i ts subsidiary$ Sunamerica Corporation (10/17/83)

New York Chemical New York Corporation, New York, New York, requests permission to relocate an off ice engaging in the following act iv i t ies (operating as an industrial bank in the manner authorized by the laws of the State of Colorado, including receiving time savings deposits; making d i r e c t loans and purchasing sales finance con-tracts and such other extensions of credit as would bi* made or acquired by an industrial bank; and making available to i ts debtors, credit related insurance) from 1410 South Sheriaan Blvd., Denver, Colorado to 8703 Yates Drive, Westminster, Colorado, through i ts subsidiary, Denver Sunamerica Industrial Bank (10/18/83)


H.?, M r No. 4? - 2 9 -


New York Chemical New York Corporation, New York, New York, requests permission to re locate an o f f i c e engaging in the fo l low ing ac t iv i t ies (generating and servicing loans and other extensions of c r e d i t : making or acquiring consumer loans; acquiring installment contracts from re ta i l sellers covering the time sales of goods and related services; making or acquiring loans and other extensions of c red i t to businesses [ including, but not limited to , inventory financing]; making or acquiring extensions of credit secured by personal property lease contracts; making available to i ts debtors credit l i f e , credit accident and health, mortgage l i f e , mortgage d isab i l i ty and property and casualty insurance, a l l d i rect ly related to such extensions of credit ) from 5775-F Peachtree Dunwoody Road, Atlanta, Georgia to Embassy Row Office Park, Peachtree Dunwoody Road, Atlanta, Georgia, through i ts subsidiary, Sunamerica Corporation (10/18/83)

York Cit icorp, New York, New York, requests permission to establish two de novo offices engaging in the following ac t iv i t ies (the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for con-sumer and other purposes; the sale of credit related l i f e ana accident and health insurance by licensed agents or brokers, as required; the sale of consumer oriented financial management courses; the servicing, for any person, of loans and other extensions of credi t ; the making, acquiring, and servicing, for i ts own account and for the account of others, of extensions of credit to individuals secured by liens on residential or non-residential real estate; and the sale of mortgage l i f e and mortgage disabi l i ty insurance direct ly related to extensions of mortgage loans) at Three Bedford Farms, Bedford, New Hampshire, through i ts subsidiaries, Citicorp Person-to-Person Financial Center, Inc. and Citicorp Homeowners, Inc. (W/ ;e /H3)

New York Cit icorp, New York, New York, requests permission to establish two de novo offices engaging in the following act iv i t ies (the making or acquiring of loans and other extensions of c red i t , secured or unsecured, for con-surer and other purposes; the sale of credit related l i f e and accident and health insurance hy licensed agents nr brokers, as required; the sale of consumer oriented financial management courses; the servicing, for any *,erson, of loans and other extensions of credit ; the making, acquiring, and servicing, for i ts own account and for the account of others, of extensions of credit



to ind iv idua ls secured by l iens on res ident ia l or non-res ident ia l 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 la ted to extensions of mortgage loans) at Executive Center I , 900 Western America C i r c l e , Mobile, Alabama, through i t s subs id ia r ies , C i t i corp Person-to-Person Financial Center, Inc. and C i t i co rp Homeowners, Inc. (10/18/83)

C i t i c o r p , New York, New York, requests permission to es tab l ish a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s (making or acquiring, for i t s own account or fo r the account of o thers , loans and other ex-tensions of credi t , secured or unsecured, to ind iv idua ls and businesses inc lud ing, but not 1imited t o , consumer lending, res iden t ia l and non-res ident ia l real estate lending, commercial lending, sales f inance, inventory f inanc ing , mobi1e and manufactured home lending, and factoring; leasing personal or real property or acting as agent, broker or advisor in leasing such property and serv ic ing such leases, subject to a l l of the qua l i f i ca t i ons spec i f 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 ; serv ic ing loans and other extensions of c red i t for any person; the sale of c red i t - r e l a t ed l i f e and accident and health insurance by 1icensed agents or brokers, as required, 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 the extensions of mortgage loans; and the sale of consumer or iented f i nanc ia l management courses) at one Hamden Center, Dixwel1 and Whitney Avenues, Hamden, Connecticut, through i t s subsid iary , C i t i co rp Person-to-Person Financial Center of Connecticut, Inc. (10/18/83)

C i t i c o r p , hew York, New York, requests permission to es tab l ish de novo o f f i c e s engaging in the fo l lowing a c t i v i t i e s T t h e making or acquir ing of loans and other extensions of c r e d i t , secured or unsecured, fo r consumer and other purposes; the sale of c red i t re lated l i f e and accident and health insurance by Iicensed agents or brokers, as required; the sale of consumer oriented f inanc ia l management courses; the se rv i c ing , for any person, of loans and other extensions of c r e d i t ; the making, acqu i r ing , and se rv i c ing , for i t s own account and for the account of o thers , of extensions of c red i t to ind iv idua ls secured by 1iens on res iden t ia l or non-resident ia l real es ta te , and the sale of mortgage l i f e and


H.?, 1983 No. 42 - 3 1 -


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) the subsid iar ies w i l l each operate an o f f i c e at each of the fo l lowing shared locat ions : Countryside V i l lage Square, 2561 Country Boulevard, Clearwater, Flor ida and Dade!and Square, 7700 N. Kendall Dr ive, Miami, F lo r ida , through i t s subs id ia r ies , C i t i co rp Person-to-Person Financial Center of F lo r ida , Inc. and C i t i co rp Homeowners, Inc. (10/18/83)

New York C i t i c o r p , New York, New York, requests permission to es tab l i sh a de novo o f f i c e engaging in the fo l lowing a c t i v i t i e s ( the making or acquir ing of loans and other extensions of c r e d i t , secured or unsecured, for con-sumer and other purposes; the extension of loans to dealers fo r the f inancing of inventory [ f l o o r planning] and working cap t ia l purposes; the purchasing and serv ic ing fo r i t s own account of sales f inance contracts ; the sale of c red i t re lated l i f e and accident and health insurance by l icensed agents or brokers, as required; the making of loans to ind iv idua ls and businesses secured by a l i e n on mobile homes, modular un i ts or re la ted manufactured housing, together with the real property to which such housing is or w i l l be permanently a f f i x e d , such property being used as secur i ty for the loans; and the se rv i c ing , f o r any person, of loans and other extensions of c red i t ) at 444 South Flower St reet , Los Angeles, C a l i f o r n i a , through i t s subs id iary , C i t i co rp Acceptance Company, Inc . (9/21/83)

Richmond Dominion Bankshares Corporation, Roanoke, V i r g i n i a , n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s (performing or carry ing on any one or more of the funct ions or a c t i v i t i e s that may be performed or car r ied on by a t r u s t company) at 8150 Leesburg Pike, Vienna, V i r g i n i a , through i t s subs id ia ry , Dominion Trust Company (10/21/83)

At lanta The Flagler Bank Corporat ion, West Palm Reach, F lo r ida , 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 generation and sale of res iden t ia l and commercial mortgages of a l l type inc luding VFA, VA and FHA mortgages) these a c t i v i t i e s would be performed in the State of F lor ida p r imar i l y w i th a concentrat ion in the Palm Heach County area, through i t s subs id iary , The Flagler Mortgage Company of the Palm Beaches (10/11/83)


H.2, 1983 No. 6? - 32 -


Atlanta/ New York

Atlanta

Chicago

Kansas City

Midi antic Banks Inc. , Edison, New Jersey, and Flor ida Coast Banks, I nc . , Pompano Beach, Florida, notif ication of intent to engage in de novo act iv i t ies ( i n act iv i t ies related to or incidental to the trust business including f iduciary, agency, and/or custodial services) at 551 SE 8th Street, Del ray Beach, Florida, serving the towns of Del ray Beach, Boynton Beach, Boca Raton, Gulfstream, Highland Beach, and Ocean Ridge, through their sub-sidiary, Florida Coast Midlantic Trust Company, N.A. (10/17/83)

Totalbank Corporation of Florida, Miami, Florida; Milford, N.V., Oranjestad, Netherlands Anti l les; and Ballerton Corporation, N.V., Oviedo, Spain, for approval to act as a money broker of cert i f icates of deposit issued by f inanc ia l institutions through Total Investment Services Corp., Miami, Florida.

American Fletcher Corporation, Indianapolis, Indiana, n o t i f i c a t i o n of in tent to engage in de novo act iv i t ies ( in making or acquiring loans or other extensions of c red i t for personal, family or household purposes, including loans secured by home equities; purchasing consumer installment sales finance contracts, and acting as agent with respect to credit 1ife and disabi l i ty insurance on borrowing customers and with respect to insurance which protects property taken as collateral in connection with such extensions of credit) at 9735 E. Washington Street, Indianapolis, Indiana , through i ts subsidiary, American F1etcher Financial Services, Inc. (10/14/83)

Old Kent Financial Corporation, Grand Rapids, Michigan, noti f icat ion of intent to engage in de novo act iv i t ies ( in leasing real and personal property and equipment, or act ing as agent, broker or adviser, in leasing of such property, and making or acquiring and servicing fo r i t s own account, or fo r the account of others, loans and other extensions of credit) at One Vandenberg Center, (rand Rapids, Michigan, the geographic scope wi l l be the 50 states of the United States, through i t s subsidiary, Old Kent Leasing Corporation (10/8/83)

Anadarko Bancshares, Inc. , not i f icat ion of intent to ac t iv i t ies ( in making or account, loans and other a secured or unsecured ba made by a bank, mortgage company, including loans inventory, accounts recei

Anadarko, Oklahoma, engage in de novo

acquiring for i ts own extensions of credit on s i s , such as may be company or finance secured by mortgages, vable or other assets;

i


H.2, 1923 No. 4? - 33 -


these loans may include pa r t i c ipa t i ons in commercial and consumer loans from company's subsidiary bank, Anadarko Bank & Trust Company, Anadarko, Oklahoma) these a c t i v i t i e s would be conducted in the State of Oklahoma (10/20/83)

Kansas Ci ty Colorado National Bankshares, Inc. , Denver, Colorado, n o t i f i c a t i o n of in ten t to expand de novo a c t i v i t i e s (the a c t i v i t y of act ing as agent for the sale of c red i t l i f e and c r e d i t acc ident , health and hazard insurance to borrowers from member banks of the Colorado National System to include the o f f i ces of Colorado National Bank - Southwest, L i t t l e t o n , Colorado; Colorado National Bank - East Boulder, Boulder, Colorado; and Colorado National Bank -Fort Coll ins, Fort Coll ins, Colorado) this act iv i ty would serve the c i t ies of Boulder and Fort Collins, Colorado, through i t s subsidiary, Colorado National Insurance Agency (10/5/83)

Kansas City Community Bancorporation, Inc. , Bristow, Oklahoma, not i f icat ion of intent to engage in de novo act iv i t ies ( in making or acquiring for i t s own account, loans and other extensions of credit on a secured or unsecured basis, such as may be made by a bank, mortgage company, or finance company, including loans secured by mortgages, inventory, accounts receivable or other assets; these loans may include participations in commercial and consumer loans from company's subsidiary bank. Community Bank, Bristow, Oklahoma) these act iv i t ies would be conducted in the State of Oklahoma (10/20/83)

Pallas All ied Bancshares, Inc. , Houston, Texas, for approval to engage in lease f inancing of personal and real property through a wholly-owned subsidiary known as All ied Bancshares Leasing Company, Houston, Texas.

San Area Financial Corporation, Redwood City, California, Francisco not i f icat ion of intent to engage in de novo

iv i t ies ( in the act iv i ty of making or acquiring 1 t o policy holders for the purpose of financing premiums) at 900 Veterans Boulevard, Redwood City, Cal i fornia, through i ts subsidiary, Insurance Premium Finance Corporation (10/21/83)


*' t , 1983 No. 5? - 35 -


Chicago Merchants National Bank & Trust Company of Indianpolis Indianapolis, Indiana, for approval to organize and invest in AIM Bank Service Corporation, Indianapolis Indiana, which proposes to engage in providing data processing f a c i l i t i e s and services to Applicant, APNB, and 1KB, as well as to other banking and non-banking en t i t i es .

* * * * *

REPORTS RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None.


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