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H.2 1972 No. 1

D i s t r i c t

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

A p p l i c a t i o n s and Repor t s Received or Acted on

During Week Ending January 1, 1972

To Become a Member of t h e Federa l Reserve System Pursuan t t o S e c t i o n 9 of the Fede ra l Reserve Act

Received C i t i z e n s Bank of S c h o o l f i e l d , D a n v i l l e , V i r g i n i a .

* * * * *

To Withdraw from Membership i n the Federa l Reserve System Without a S ix Month No t i ce as P r e s c r i b e d by Sec t ion 9 of the Fede ra l Reserve Act

Received The C o l o n i a l Bank and T r u s t Company, Waterbury, C o n n e c t i c u t .

Approved *The C o l o n i a l Bank and Trus t Company, Waterbury, C o n n e c t i c u t .

* * * * *

To E s t a b l i s h a Domestic Branch Pursuant t o S e c t i o n 9 of t he F e d e r a l Reserve Act

Received D e p o s i t o r s T r u s t Company, Augusta , Maine,

Branch t o be e s t a b l i s h e d a t t h e i n t e r s e c t i o n of Route 27 and Route 96 Boothbay Harbor , Maine.

Marine Midland Bank-Cen t ra l , Syracuse , New York. Branch t o be e s t a b l i s h e d a t 10005 James S t r e e t , Sy racuse , Onondaga County.

Bank of West J e r s e y , Delran Township, New J e r s e y . Branch t o be e s t a b l i s h e d a t Williamstown-New Freedom Road and E r i a l - W i l l i a m s t o w n Road, Winslow Township, Camden County.

Marion County Banking Company, Quin, Alabama. Branch t o be e s t a b l i s h e d a t Bextar Avenue West (Highway 78 West) , i n Western Alabama to be known as t he Western Branch.

* A p p l i c a t i o n s approved by Reserve Bank on beha l f of t he Board of Governors under d e l e g a t e d a u t h o r i t y .

I

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

H. 2 1972 No. 1

Received ( c o n t ' d ) The S e c u r i t y Trus t and Savings Bank, Shenandoah, Iowa.

Branch to be e s t a b l i s h e d a t 803 West Sher idan Avenue, Shenandoah.

C i t i z e n s Bank of P a c i f i c , P a c i f i c , Mi s sou r i . To e s t a b l i s h a d r i v e - i n , walk-up f a c i l i t y w i t h i n the c o r p o r a t e l i m i t s of P a c i f i c , Mi s sou r i .

Commerce Bank of S t . Cha r l e s , S t . C h a r l e s , Missour i . To o p e r a t e p r e s e n t main b u i l d i n g a t 204 North Main as a wa lk - in f a c i l i t y , S t . C h a r l e s .

Approved -American S e c u r i t y Bank, Mount P l e a s a n t , Michigan.

Branch t o be e s t a b l i s h e d a t 1115 West High S t r e e t , Mount P l e a s a n t , Michigan.

- F i r s t Michigan Bank and T r u s t Company, Zealand, Michigan. Branches to be e s t a b l i s h e d a t t he fo l lowing l o c a t i o n s :

A. At 125 E. Main S t r e e t , Zeeland; and

B. At the i n t e r s e c t i o n of Bu t t e rnu t Drive and R i l ey S t r e e t , Hol land Township, Ottawa County.

-The Southern Missour i T r u s t Company, S p r i n g f i e l d , Missour i , Branch t o be e s t a b l i s h e d a t 1615 S. Glenstone ( d r i v e - i n banking f a c i l i t y ) , S p r i n g f i e l d .

To Carry Reduced Reserves Pursuant to Sec t ion 19 of the Federa l Reserve Act

Approved 11 The Brookhollow Na t iona l Bank, D a l l a s , Texas.

To E s t a b l i s h an Overseas Branch of a Member Bank Pursuant to Sec t ion 25 of the Federal Reserve Act

Received 2 I r v i n g Trus t Company, New York, New York.

Branch to be e s t a b l i s h e d in F r a n k f u r t , Germany.

A p p l i c a t i o n s approved by Reserve Bank on behal f of t he Board of Governors under d e l e g a t e d a u t h o r i t y .


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Denied 12 Union Bank, Los Angeles , C a l i f o r n i a .

Branch to be e s t a b l i s h e d in P a r i s , F rance .

* * * * *

T h i r t y Day Not ice of I n t e n t i o n to E s t a b l i s h An Add i t i ona l Branch in a Fore ign Country

Approved 7 Exchange Nat iona l Bank of Chicago, Chicago, I l l i n o i s .

Branch t o be e s t a b l i s h e d in J e rusa l em, I s r a e l .

* * * * *

To Organize , or I n v e s t i n , a Corpora t ion Doing Fore ign Banking and Other Fore ign F inanc ing Pursuant to Sec t i on 25 or 25(a) of the Federa l Reserve Act

F i n a l Permit 6 C i t i z e n s and Southern I n t e r n a t i o n a l Bank of New Or leans ,

New Or leans , L o u i s i a n a .

* * * * *

To E s t a b l i s h a Fore ign Branch of a Corpora t ion Opera t ing Under Sec t ion 25 or 25(a) of t h e Federa l Reserve Act

Approved 2 Bank of America, New York, New York.

Branch t o be e s t a b l i s h e d in Nassau, Bahamas.

2 S t a t e S t r e e t Bank Boston I n t e r n a t i o n a l , New York, New York. Branch t o be e s t a b l i s h e d in Nassau, Bahamas.

* * * * *

To Merge Pursuant t o S e c t i o n 18(c) of t he Federa l Deposi t Insurance Act _ _

Received 2 Union County Trus t Company, E l i z a b e t h , New J e r s e y ,

f o r p r i o r approval t o merge Keansburg-Middletown Na t iona l Bank, Middletown, New J e r s e y , under the c h a r t e r of the former and t i t l e of United Count ies Trus t Company.

* * * * *


To Form a Bank Holding Company Pursuan t to Sec t ion 3 ( a ) ( 1 ) of t h e Bank Holding Company Act of 1956

Approved Connec t i cu t Bancshares C o r p o r a t i o n , New York, New

York, f o r p r i o r approval t o acqu i r e no t l e s s than 50.9 pe r cent of t h e v o t i n g sha res of Northern Connec t icu t N a t i o n a l Bank, Windsor Locks, C o n n e c t i c u t .

Suspense On H.2 No. 41 (1971) t h e Board r e p o r t e d r e c e i p t

of an a p p l i c a t i o n from Trans Texas Bancorpo ra t ion , I n c . , El Paso , Texas, f o r p r i o r approval t o a c q u i r e 80 p e r cent o r more of t h e vo t i ng sha re s of El Paso N a t i o n a l Bank, El Paso , Texas; F i r s t S t a t e Bank, El Paso , Texas ; North ga te N a t i o n a l Bank of El Paso , E l Paso , Texas ; Border C i ty Bank, El Paso , Texas. This a p p l i c a t i o n i s now i n suspense awa i t ing r e c e i p t of A p p l i c a n t ' s r e p l y t o a Department of J u s t i c e l e t t e r t o t h e Board da ted Decenter 28 , 1971.

* * * * *

To Expand a Bank Holding Company Pursuan t t o Sec t ion 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956

Received B a r n e t t Banks of F l o r i d a , I n c . , J a c k s o n v i l l e , F l o r i d a ,

f o r p r i o r approva l t o a c q u i r e 80 p e r cent or more of t h e v o t i n g sha res of B a r n e t t Bank of West Or lando, Or lando, F l o r i d a , a proposed new bank .

North American Mortgage C o r p o r a t i o n , S t . P e t e r s b u r g , F l o r i d a , f o r p r i o r approva l t o a cqu i r e 9,560 of t h e v o t i n g sha re s of The American Bank, S t . P e t e r s b u r g , F l o r i d a , a proposed new bank .

Weerva, I n c . , Lakewood, Colorado, f o r p r i o r approva l t o a c q u i r e 80 pe r cent or more of t h e vo t ing s h a r e s of The Bank of V a i l , V a i l , Colorado.

Weerva, I n c . , Lakewood, Colorado, f o r p r i o r approva l t o a c q u i r e 80 pe r cen t or more of t h e v o t i n g s h a r e s of Eagle Val ley Bank, Minturn , Colorado.


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Received Continued Weerva, I n c . , Lakewood, Colorado, f o r p r i o r approval

t o a c q u i r e 80 p e r cen t o r more of t h e v o t i n g s h a r e s of The E r i e Bank, E r i e , Colorado.

Weerva, I n c . , Lakewood, Colorado, f o r p r i o r approval t o a c q u i r e 80 p e r cen t o r more of t h e v o t i n g sha re s of F i r s t Westland N a t i o n a l Bank, Lakewood, Colorado.

Weerva, I n c . , Lakewood, Colorado, f o r p r i o r approva l t o a c q u i r e 80 p e r cent o r more of t h e v o t i n g s h a r e s of Westland N a t i o n a l Bank, Longmont, Colorado , a proposed new bank .

Approved Commerce Bancshares , I n c . , Kansas C i t y , M i s s o u r i , f o r

p r i o r approva l t o a c q u i r e 80 pe r cent or more of t h e v o t i n g sha re s of Clay County S t a t e Bank, E x c e l s i o r S p r i n g s , M i s s o u r i .

R e a c t i v a t e d On H.2 No. 42 (1971) t h e Board r e p o r t e d r e c e i p t of an

a p p l i c a t i o n from F i r s t a t Orlando Corpo ra t i on , Or lando, F l o r i d a , f o r p r i o r approva l t o a c q u i r e a t l e a s t 90 p e r cen t of t h e v o t i n g sha re s of C i t i z e n s Commercial Bank of Oca la , Ocala , F l o r i d a , a proposed new bank . Th is a p p l i c a t i o n was p l aced i n suspense f o l l o w i n g r e c e i p t of a Department of J u s t i c e l e t t e r t o t h e Board da ted December 9 , 1971. Fol lowing r e c e i p t of A p p l i c a n t ' s r ep ly da t ed December 22, 1971, t h i s a p p l i c a t i o n has been r e a c t i v a t e d .

On H.2 No. 42 (1971) t h e Board r e p o r t e d r e c e i p t of an a p p l i c a t i o n from F i r s t a t Orlando Corpo ra t ion , Or lando, F l o r i d a , f o r p r i o r approva l t o a c q u i r e a t l e a s t 90 p e r cen t of t h e v o t i n g sha re s of The Commercial Bank & T r u s t Company of Ocala , Oca la , F l o r i d a . This a p p l i c a t i o n was p laced i n suspense f o l l o w i n g r e c e i p t of a Department of J u s t i c e l e t t e r t o t h e Board da ted December 9, 19 71. Fol lowing r e c e i p t of A p p l i c a n t ' s r ep ly da ted December 22, 1971, t h i s a p p l i c a t i o n has been r e a c t i v a t e d .


H.2 19 72 No. 1 -6 -

Suspense 10 On H.2 No. 43 (1971) t h e Board r e p o r t e d r e c e i p t of an

a p p l i c a t i o n from F i r s t Tu l sa Bancorpora t ion , I n c . , T u l s a , Oklahoma, f o r p r i o r approval to acqu i r e 7,250 of t h e v o t i n g shares of Sou theas t e rn S t a t e Bank, Tu l sa , Oklahoma. This a p p l i c a t i o n i s now i n suspense awa i t ing r e c e i p t of A p p l i c a n t f s r ep ly t o a Department of J u s t i c e l e t t e r t o t h e Board da ted December 29, 1971.

* * * * *

To Expand a Bank Holding Company Pursuant t o Sec t ion 4 ( c ) ( 8 ) of t h e Bank Holding Company Act of 1956

Received 1 R . I .H .T . Corpo ra t i on , P rov idence , Rhode I s l a n d ,

f o r p r i o r approval t o engage i n c e r t a i n conmunity r e h a b i l i t a t i o n and development a c t i v i t i e s through t h e l i m i t e d p a r t n e r s h i p of i t s s u b s i d i a r y , Washington Row Company, P rov idence , Rhode I s l a n d , in S l a t e r Mall A s s o c i a t e s , Pawtucke t , Rhode I s l a n d .

5 * * F i r s t Piedmont Corpo ra t i on , G r e e n v i l l e , South 12-27-71 C a r o l i n a , n o t i f i c a t i o n of i n t e n t t o engage i n a de novo a c t i v i t y (making or a c q u i r i n g loans and o the r e x t e n s i o n s of c r e d i t f o r i t s own account o r f o r t h e account of o thers , , a c t i n g as adv i so r f o r an as y e t unorganized r e a l e s t a t e inves tment t r u s t , and o t h e r p e r m i t t e d a c t i v i t i e s as may be conducted by a mortgage company) through a s u b s i d i a r y known as F i r s t Piedmont Mortgage Company, I n c . , G r e e n v i l l e , South C a r o l i n a .

6 **Ci t i zens and Southern Holding Company, A t l a n t a , 12-27-71 Georgia , n o t i f i c a t i o n of i n t e n t t o open an o f f i c e i n Miami, F l o r i d a , f o r i t s s u b s i d i a r y C i t i z e n s and Southern Inves tment Counse l ing , I n c o r p o r a t e d , A t l a n t a , Georg ia , through which i t w i l l engage i n de novo a c t i t i v i e s ( a c t i n g gene ra l l y as an inves tment and f i n a n c i a l adv isor f o r i n d i v i d u a l b u s i n e s s e n t i t i e s and t r u s t i nc lud ing ( i ) s e rv ing as t h e inves tment adv i so r f o r a mortgage o r r e a l e s t a t e inves tment t r u s t and ( i i ) f u r n i s h i n g economic or f i n a n c i a l i n f o r m a t i o n ) .

**Processed by the Reserve Bank on b e h a l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2 1972 No. 1 -7-

Received Continued 7 **Hawkeye Bancorpo ra t ion , Red Oak, Iowa, n o t i f i c a t i o n 12-27-71

of i n t e n t t o engage i n c e r t a i n de novo a c t i v i t i e s ( a c t i n g as i n s u r a n c e agent or b roke r with r e s p e c t t o t h e fo l l owing types of i n s u r a n c e : ( i ) any i n su rance f o r t he ho ld ing company and i t s s u b s i d i a r i e s ; and ( i i ) any i n su rance t h a t (a) i s d i r e c t l y r e l a t e d t o an e x t e n s i o n of c r e d i t by a bank or b a n k - r e l a t e d f i rm of t he kind desc r ibed i n Regula t ion Y of the Board of Governors or (b) i s d i r e c t l y r e l a t e d t o t h e p r o v i s i o n of o the r f i n a n c i a l s e r v i c e s by a bank or such b a n k - r e l a t e d f i r m , or (c) i s o the rwi se so ld as a m a t t e r of convenience t o t h e p u r c h a s e r , so long as the premium income from s a l e s w i t h i n t h e s u b c l a u s e (c.) does no t c o n s t i t u t e a s i g n i f i c a n t p o r t i o n of the aggrega te i n s u r a n c e premium income of the ho ld ing company. from in su rance so ld p u r s u a n t t o t h i s c l ause ( i i ) ) through i t s s u b s i d i a r y Hawkeye Bancorpora t ion In su rance S e r v i c e s , I n c . , Red Oak, Iowa. These a c t i v i t i e s w i l l be performed i n t h e fo l lowing new l o c a t i o n s : Cedar Rapids and Des Moines, Iowa.

Approved 7 Marsha l l & I l s l e y Bank Stock C o r p o r a t i o n , Milwaukee,

Wiscons in , f o r p r i o r approva l t o acqu i r e t h e a s s e t s and assume t h e l i a b i l i t i e s of F i r s t N a t i o n a l Leas ing C o r p o r a t i o n , Milwaukee, Wisconsin .

Pe rmi t t ed** 3 F i d e l i t y Corpora t ion of P e n n s y l v a n i a , Rosemont, 12-31-71

Pennsy lvan i a , t o r e t a i n a de novo a c t i v i t y ( t h e o p t i c a l r ead ing of f i n a n c i a l l y r e l a t e d i n f o r m a t i o n f o r computer i n p u t ) through i t s wholly-owned s u b s i d i a r y , F i d e l i t y Optimation S e r v i c e s , I n c . , ( t o be changed t o F i d e l i t y Computer S e r v i c e s , I n c . ) King of P r u s s i a , Pennsy lvan ia . I t per forms the se s e r v i c e s f o r The F i d e l i t y Bank, Rosemont, P e n n s y v l a n i a , t h e p r i n c i p a l s u b s i d i a r y of t h e c o r p o r a t i o n . (The Reserve Bank a c c e l e r a t e d the p e r m i s s i o n . )

3 F i d e l i t y Corpora t ion of P e n n s y l v a n i a , Rosemont, 12-31-71 Pennsy lvan i a , t o t r a n s f e r the f i n a n c i a l l y r e l a t e d d a t a p r o c e s s i n g a c t i v i t i e s of i t s banking s u b s i d i a r y , The F i d e l i t y Bank, Rosemont, Pennsy lvan i a , t o i t s non-banking s u b s i d i a r y , F i d e l i t y Opt imat ion S e r v i c e s , I n c . , ( t o be changed t o F i d e l i t y Computer S e r v i c e s , I n c . ) King of P r u s s i a , Pennsy lvan ia .

^ P r o c e s s e d by Reserve Bank on beha l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2 1972 No.

P e r m i t t e d * * Continued 5 F i r s t Piedmont C o r p o r a t i o n , G r e e n v i l l e , South 12-30-71

C a r o l i n a , to engage i n a de novo a c t i v i t y (making or a c q u i r i n g , f o r i t s own account or f o r t h e account of o t h e r s , l oans and o t h e r e x t e n s i o n s of c r e d i t ) th rough a s u b s i d i a r y t o known as F i r s t Piedmont C a p i t a l C o r p o r a t i o n , G r e e n v i l l e , South C a r o l i n a .

5 Nor thwes tern F i n a n c i a l Corpora t ion North 12-27-71 Wi lkesboro , North C a r o l i n a , t o engage i n a de novo a c t i v i t y (making or a c q u i r i n g loans o r o t h e r e x t e n s i o n s of c r e d i t such as would be made by a f a c t o r i n g company) through a s u b s i d i a r y t o be known as Nor thwes tern F a c t o r s , I n c . , North Wi lkesboro , North C a r o l i n a .

5 Nor thwes te rn F i n a n c i a l C o r p o r a t i o n , North 12-27-71 Wi ldesboro , North C a r o l i n a , t o engage i n a de novo a c t i v i t y ( a c t i n g as a d v i s o r t o as y e t tmorganized r e a l e s t a t e inves tmen t t r u s t s ) through a s u b s i d i a r y t o be known as Nor thwestern Advisory C o r p o r a t i o n , North Wilkesboro , North C a r o l i n a .

10 Colorado N a t i o n a l Bankshares , I n c . , Denver, 12-27-71 Colorado , t o engage i n a de novo a c t i v i t y (mortgage l end ing ) through a s u b s i d i a r y , G a r r e t t - B r o m f i e l d Mortgage Company, Colorado S p r i n g s , Colorado.

R e a c t i v a t e d 1 On H.2 No. 43 (1971) t h e Board r e p o r t e d r e c e i p t of

an a p p l i c a t i o n from F i r s t N a t i o n a l Boston C o r p o r a t i o n , Boston, M a s s a c h u s e t t s , f o r p r i o r approva l t o a c q u i r e c e r t a i n a s s e t s r e l a t e d t o t h e f a c t o r i n g b u s i n e s s of Cromp ton-Richmond Co. , I n c . F a c t o r s , New York, New York. This a p p l i c a t i o n was p l aced i n suspense f o l l o w i n g r e c e i p t of a Department of J u s t i c e l e t t e r t o t h e Board da ted December 10, 19 71. The a p p l i c a t i o n has now been r e a c t i v a t e d .

Suspended** 6 C i t i z e n s and Southern Holding Company, A t l a n t a , 12-27-71

Georg ia , n o t i f i c a t i o n of i n t e n t t o s h i f t a c t i v i t i e s p r e v i o u s l y engaged i n de novo ((1)

**Processed by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y .


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Pe rmi t t ed** Continued 5 Nor thwestern F i n a n c i a l Corpora t ion , North 12-27-71

Wi lkesboro , North C a r o l i n a , t o engage i n a de novo a c t i v i t y (making or a c q u i r i n g loans or o t h e r e x t e n s i o n s of c r e d i t such as would be made by a f a c t o r i n g company) through a s u b s i d i a r y t o be known as Nor thwestern F a c t o r s , I n c . , North Wilkesboro , North C a r o l i n a .

5 Nor thwestern F i n a n c i a l C o r p o r a t i o n , North 12-27-71 Wildesboro , North C a r o l i n a , t o engage i n a de novo a c t i v i t y ( a c t i n g as a d v i s o r t o as ye t unorganized r e a l e s t a t e inves tment t r u s t s ) through a s u b s i d i a r y t o be known as Nor thwestern Advisory C o r p o r a t i o n , North Wilkesboro , North C a r o l i n a .

10 Colorado N a t i o n a l Bankshares , I n c . , Denver, 12-27-71 Colorado, t o engage i n a de novo a c t i v i t y (mortgage l end ing ) through a s u b s i d i a r y , G a r r e t t - B r o m f i e l d Mortgage Company, Colorado S p r i n g s , Colorado,

R e a c t i v a t e d 1 On H. 2 No. 43 (1971) t h e Board r e p o r t e d r e c e i p t of an

a p p l i c a t i o n from F i r s t N a t i o n a l Boston C o r p o r a t i o n , Bos ton , Massachuse t t s , f o r p r i o r approva l t o a c q u i r e c e r t a i n a s s e t s r e l a t e d t o t h e f a c t o r i n g b u s i n e s s of Crompton-Richmond Co. , I n c . F a c t o r s , New York, New York. This a p p l i c a t i o n was p laced i n suspense fo l lowing r e c e i p t of a Department of J u s t i c e l e t t e r to t h e Board dated December 10, 1971. The a p p l i c a t i o n has now been r e a c t i v a t e d .

Suspended** 6 C i t i z e n s and Southern Holding Company, A t l a n t a , 12-27-71

Georgia , n o t i f i c a t i o n of i n t e n t t o s h i f t a c t i v i t i e s p r e v i o u s l y engaged i n de novo ((1) making or a c q u i r i n g , f o r i t s own account or f o r t h e account of o t h e r s , loans and o t h e r e x t e n s i o n s of c r e d i t , i n c l u d i n g i s s u i n g l e t t e r s

**Processed by Reserve Bank on b e h a l f of t h e Board of Governors under d e l e g a t e d a u t h o r i t y .


H.2 1972 No. 1 -10-

Suspended** Continued of c r e d i t and acceptance d r a f t s , such as would be made f o r example, by a mortgage f i n a n c e c r e d i t card or f a c t o r i n g company; (2) s e r v i c i n g loans or o the r ex t ens ions of c r e d i t f o r any person; and (3) a c t i n g as inves tment or f i n a n c i a l a d v i s e r , i n c l u d i n g ( i ) s e r v i n g as t h e adv i sory company f o r a mortgage or a r e a l e s t a t e investment t r u s t and ( i i ) f u r n i s h i n g economic or f i n a n c i a l i n f o r m a t i o n ) from The C i t i z e n s and Southern Na t iona l Bank, Savannah, Georg ia , t o a who l ly -owned s u b s i d i a r y t o be known as C i t i z e n s and Southern Mortgage Company, A t l a n t a , Georgia .

Withdrawn 7 On H.2 No. 45 (1971) t h e Board r e p o r t e d r e c e i p t of an

a p p l i c a t i o n from Mid-America F i d e l i t y Corpora t ion , Ann Arbor, Michigan, f o r p r i o r approval t o a q u i r e 100 pe r cent of t h e o u t s t a n d i n g common s tock of Ann Arbor Trus t Company, Ann Arbor, Michigan• In a l e t t e r da ted December 24, 1971, App l i can t r eques ted t h a t t h e a p p l i c a t i o n be withdrawn.

* * * * *

To Expand a Bank Holding Company Pursuan t t o Sec t ion 4 ( c ) ( 1 2 ) of t h e Banking Holding Company Act of 1956

Received** 7 Gulf & Western I n d u s t r i e s , I n c . , New York, New York, 12-31-71

n o t i f i c a t i o n of i n t e n t t o a c q u i r e sha re s of Richards I n t e r n a t i o n a l , I n c . , New York, New York, a r e c e n t l y formed Delaware Corpora t ion which proposes t o engage i n r e a l e s t a t e development and c o n s t r u c t i o n both i n t h e United S t a t e s and abroad .

**Processed by Reserve Bank on beha l f of the Board of Governors under d e l e g a t e d a u t h o r i t y .


#

H. 2 1972 No. 1 -11-

Permi t t ed** The Cha r t e r Company, J a c k s o n v i l l e , F l o r i d a , t o 12-27-71

acqu i r e a l l of t h e o u t s t a n d i n g c a p i t a l s tock of M and A Petroleum Company, V i c t o r i a , Texas .

The Char te r Company, J a c k s o n v i l l e , F l o r i d a , t o 12-27-71 acqu i r e a l l of t h e o u t s t a n d i n g c a p i t a l s tock of C. H. Sprague & Son Company, Prov idence , Rhode I s l a n d .

Growth C a p i t a l , I n c . , Chicago, I l l i n o i s , t o 12-27-71 acqu i r e Northwestern Inves tment Company, L e v e l l a n d , Texas, through a s u b s i d i a r y known as Growth SBIC, I n c . , Milwaukee, Wisconsin.

* * * * *

For Exemption Pursuant t o Sec t i on 4(d) of t h e Bank Holding Company Act of 1956

Received 3 Mil ton Hershey School , Hershey, Pennsy lvan i a .

7 CPC I n t e r n a t i o n a l , I n c . , Englewood C l i f f s , New J e r s e y .

9 Minnesota Mining and Manufac tur ing Co. , Sa in t P a u l , Minnesota .
