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ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM ( H . 2 , 1981 No. 18)

A c t i o n s of t h e Board; A p p l i c a t i o n s and R e p o r t s

R e c e i v e d During t h e Week Ending May 2 , 1981 APPLICABLE

RESERVE BANK ACTIONS OF THE BOARD

Sta tement o f V i c e Chairman F r e d e r i c k H. S c h u l t z b e f o r e t h e S e n a t e Committee on Banking , Hous ing and Urban A f f a i r s to p r e s e n t t h e B o a r d ' s v i e w s c o n c e r n i n g e n a c t e d s t a t u e s a f -f e c t i n g t h e banking i n d u s t r y .

S t a t e m e n t by Governor Nancy H. T e e t e r s b e f o r e t h e Subcommittee on Economic S t a b i l i z a t i o n of the House Banking Committee to p r e s e n t t h e B o a r d ' s v i e w s on the b u d g e t i n g and c o n t r o l of f e d e r a l l y a s s i s t e d c r e d i t .

Report on proposed b i l l H.R. 2372 , t o amend t h e C o n g r e s s i o n a l Budget Act to e s t a b l i s h procedures for b u d g e t a r y c o n t r o l of f e d e r a l c r e d i t programs; l e t t e r s e n t to Honorable Jack Brooks , Chairman of t h e House Committee on Government O p e r a t i o n s .

P o l i c y s t a t e m e n t : P r o h i b i t i n g e m p l o y e e s , o f f i c e r s , d i r e c t o r s ; or o t h e r s a s s o c i a t e d with a S t a t e member bank from p r o f i t i n g p e r s o n a l l y from t h e s a l e of l i f e i n s u r a n c e in c o n n e c t i o n w i t h l o a n s made by the bank.

R e g u l a t i o n J , proposed amendments t h a t g o v e r n the c o l l e c t i o n of checks and o t h e r i t e m s by R e s e r v e Banks , i n o r d e r to implement t h e Monetary C o n t r o l act of 1980 and f o r o t h e r p u r p o s e s : com-ment s must be r e c e i v e d by June 19 , 1981. (Docket No. R-0357)

S t a f f a p p o i n t m e n t s in the D i v i s i o n of Data P r o c e s s i n g : Neal H. H i l l e r m a n , A s s i s t a n t D i r e c t o r W i l l i a m C. S c h l e i c h e r , J r , A s s i s t a n t D i r e c t o r ; Bruce M B e a r d s l e y , Deputy D i r e c t o r ; and U l y e s s D. B l a c k , A s s o c i a t e D i r e c t o r .

New York C i t i c o r p , New York, New York, e x t e n s i o n of t ime to December 3 1 , 1981, w i t h i n vtoich to c o n t i n u e to hold 1 0 , 0 0 0 s h a r e s of p r e -f e r r e d s t o c k o f the Standard L i f e and A c c i d e n t I n s u r a n c e Com-pany, Oklahoma C i t y , Oklahoma. 1/

A t l a n t a F i n a n c i a l Growth Sys tems I n c o r p o r a t e d , I n v e r n e s s , F l o r i d a , e x t e n s i o n of t ime t o June 3 0 , 1981, w i t h i n v*iich t o f u l f i l l the commitments made in connect i o n w i t h i t s a p p l i c a t i o n to become a bank h o l d i n g company through a c q u i s i t i o n o f C i t i z e n s F i r s t N a t i o n a l Bank o f C i t r u s County , I n v e r n e s s ; C i t i z e n s F i r s t N a t i o n a l Bank o f C r y s t a l River and Lake County Bank, Leesburg F l o r i d a . 1/

1 / A p p l i c a t i o n p r o c e s s e d 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 .

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

H . 2 , 1981 No. 18 - 2 -

ACTIONS OF THE BOARD-Continued

D a l l a s F i r s t of A u s t i n B a n c s h a r e s , I n c . , A u s t i n , T e x a s , e x t e n s i o n of t ime t o May 3 0 , 1981, w i t h i n which to consummate the a c q u i -s i t i o n of W e s t e r n N a t i o n a l Bank, A u s t i n , T e x a s . 1 /

D a l l a s F i r s t C i t y Bancorporat ion of T e x a s , I n c . , H o u s t o n , T e x a s , e x -t e n s i o n of t ime to May 26 , 1981 , w i t h i n which to consummate the a c q u i s i t i o n of V a l l e y View Bank, D a l l a s , T e x a s . \J

D a l l a s F i r s t C i t y Bancorporat i o n of T e x a s , I n c . , H o u s t o n , T e x a s , e x -t e n s i o n of t ime t o May 2 9 , 1981, w i t h i n vh ich to consumante the A c q u i s i t i o n of The Bank o f South of South T e x a s , A l i c e , T e x a s . JL/

A t l a n t a F i r s t N a t i o n a l Bank o f Palm Beach, I n c o r p o r a t e d , Palm Beach, F l o r i d a , e x t e n s i o n of t ime t o August 3 0 , 1981, w i t h i n vfaich t o become a Bank H o l d i n g Company through a c q u i s i t i o n of F i r s t N a t i o n a l Bank i n Palm Beach, Palm Beach, F l o r i d a . JL/

S t . L o u i s F i r s t S t a t e B a n c o r p o r a t i o n , T i p t o n v i l l e , T e n n e s s e e , e x t e n s i o n of t ime t o J u l y 13, 1981, w i t h i n which to become a bank h o l d i n g company through the a c q u i s i t i o n of F i r s t S t a t e Bank and T r u s t Company, T i p t o n v i l l e , T e n n e s s e e . JV

S t . L o u i s M e r c a n t i l e B a n c o r p o r a t i o n I n c . , S t . L o u i s , M i s s o u r i , e x t e n s i o n of t ime t o March 1 1 , 1981, w i t h i n vfaich to open M e r c a n t i l e Bank of South County , N.A. , S t . L o u i s County , M i s s o u r i , a p r o p o s e d new bank. If

D a l l a s Merchants F i n a n c i a l C o r p o r a t i o n , D a l l a s , T e x a s , e x t e n s i o n of time t o August 11 , 1981, w i t h i n which to consummate the a c q u i s i t i o n o f Merchant s S t a t e Bank, D a l l a s , T e x a s . V

D a l l a s NBC B a n c s h a r e s , I n c . , A u s t i n , T e x a s , e x t e n s i o n of t ime to J u l y 5, 1981, w i t h i n which to consummate the a c q u i s i t i o n of N a t i o n a l Bank o f Commerce, A u s t i n , Texas and N a t i o n a l Bank o f Commerce-S o u t h , A u s t i n , T e x a s , a proposed new bank. J L /

M i n n e a p o l i s S e c u r i t y R i c h l a n d Bancorporat i o n , M i l e s C i t y , Montana, e x t e n s i o n of t ime to August 2 6 , 1981 , w i t h i n which to consummate t h e a c -q u i s i t i o n of t h e F i r s t S e c u r i t y Bank & Trust o f M i l e s C i t y , M i l e s C i t y , Montana. 2 /

A t l a n t a South Banking Company, Alma, G e o r g i a , e x t e n s i o n of t ime t o J u l y 29 , 1981 , w i t h i n which to become a bank h o l d i n g company by a c q u i r i n g Alma Exchange Bank & T r u s t , Alma, G e o r g i a . JV

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

I


H. 2 , 1981 No. 18 - 3 -


Ch i c a g o

Richmond

Bos to n

A t l a n t a

Dal l a s

Richmond

San F r a n c i s c o

New York

San Franc i s c o

V a l l e y Banc orpo r a t i o n , A p p l e t o n , W i s c o n s i n , e x t e n s i o n of time t o J u l y 2 3 , 1981, w i t h i n which to a c q u i r e 80 percent o r more of the v o t i n g s h a r e s of C i t i z e n s Bank o f Juneau, Juneau, W i s c o n s i n . If

Bank o f Wes tmore land , C o l o n i a l Beach, V i r g i n i a , an inves tment i n bank p r e m i s e s . If

Baybank M i d d l e s e x , B u r l i n g t o n , M a s s a c h u s e t t s , proposed merger w i t h Baybank W i n c h e s t e r T r u s t Company, W i n c h e s t e r , M a s s a c h u s e t t s ; r e p o r t to the F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on com-p e t i t i v e f a c t o r s . If

F i r s t N a t i o n a l Bank o f A t l a n t a , A t l a n t a , G e o r g i a , proposed merger with t h e F i r s t Bank o f C l a y t o n County, Morrow, G e o r g i a ; r e p o r t to the C o m p t r o l l e r of the Currency on c o m p e t i t i v e f a c t o r s . If

Friendswood Bank, Fr iendswood, T e x a s , proposed merger w i t h Texas Commerce Bank-Fr iendswood, F r i e n d s w o o d , Texas ; r e p o r t to t h e F e d e r a l D e p o s i t Insurance C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . V

Kanawha V a l l e y Bank, N . A . , C h a r l e s t o n , West V i r g i n i a , proposed merger w i th KVB, N a t i o n a l A s s o c i a t i o n , C h a r l e s t o n , West V i r g i n i a ( a n o r g a n i z i n g bank); r e p o r t to the C o m p t r o l l e r of the Currency on c o m p e t i t i v e f a c t o r s . JV

MBC F i n a n c i a l C o r p o r a t i o n , San D i e g o , C a l i f o r n i a , proposed merger w i t h C a l i f o r n i a H e r i t a g e Bank, San D i e g o , C a l i f o r n i a , under t h e t i t l e and c h a r t e r of C a l i f o r n i a H e r i t a g e Bank; r e p o r t to the F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . y

N a t i o n a l Bank o f S u s s e x County, Branchvi i l e , New J e r s e y , p r o p o s a l t o purchase c e r t a i n a s s e t s and assume c e r t a i n l i a b i l i t i e s of the L a f a y e t t e and Ogdensburg branches of Garden S t a t e N a t i o n a l Bank, Paramus, New J e r s e y ; r e p o r t to t h e C o m p t r o l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . IJ

New American N a t i o n a l Bank, Bake rs f i e l d , C a l i f o r n i a , proposed merger w i t h American N a t i o n a l Bank, Bakers f i e l d , C a l i f o r n i a , under the c h a r t e r of New American N a t i o n a l Bank and t h e t i t l e and c h a r t e r number of American N a t i o n a l Bank; r e p o r t to the C o m p t r o l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . J J

1/ A p p l i a t ion p r o c e s s e d on b e h a l f o t the Board of Governors under d e l e g a t e d a u t h o r ! t y .


H . 2 , 1981 No. 18 - 4


Dal l a s


Dal l a s

At lant a

New Mexico Bank and Trus t Company, Hobbs, New Mexico , proposed merger wi th New Mexico Bank and T r u s t Company, Hobbs, New Mexico; r e p o r t to the F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . J7

SC Merger Corp, Downey, C a l i f o r n i a , proposed merger w i t h Bank of Downey, Downey, C a l i f o r n i a , under the c h a r t e r and t i t l e of Bank o f Downey, C a l i f o r n i a ; r e p o r t to the Federa l D e p o s i t I n s u r a n c e on C o m p e t i t i v e f a c t o r s . JJ

S e c u r i t y N a t i o n a l Bank, A u s t i n , T e x a s , proposed merger w i t h Research N a t i o n a l Bank, A u s t i n , Texas ; r e p o r t to t h e C o m p t r o l l e r of the Currency on c o m p e t i t i v e f a c t o r s . 1/

S o u t h e a s t F i r s t N a t i o n a l Bank o f Miami, Miami, F l o r i d a , proposed merger w i t h Community Bank o f P i n e l l a s , S e m i n o l e , F l o r i d a ; r e p o r t to t h e C o m p t r o l l e r of t h e Currency on c o m p e t i t i v e f a c t o r s . 1/

S t . L o u i s S t a t e Bank o f F i s k , F i s k , M i s s o u r i , proposed merger w i t h F i r s t N a t i o n a l Bank of P o p l a r B l u f f , P o p l a r B l u f f , M i s s o u r i ; r e p o r t to the F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/

San West Coas t Bank, E n c i n o , C a l i f o r n i a , proposed merger w i t h West F r a n c i s c o Coas t Merger Company, E n c i n o , C a l i f o r n i a , under the c h a r t e r

and t i t l e of West C o a s t Bank; r e p o r t to the F e d e r a l D e p o s i t I n s u r a n c e C o r p o r a t i o n on c o m p e t i t i v e f a c t o r s . 1/

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

I


H . 2 , 1981 No. 18 5 -


New York

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

Approved Hempstead Bank, Hempstead, New York. To e s t a b l i s h a b r a n c h

a t H u n t i n g t o n B u s i n e s s Campus, M e l v i l l e , Town of H u n t i n g t o n , New York. 1/

P h i l a d e l p h i a

Richmond

A t l a n t a

San F r a n c i sco

Girard Bank, Bala Cynwyd, P e n n s y l v a n i a . To e s t a b l i s h o f f s i t e e l e c t r o n i c f a c i l i t i e s a t 6 6 1 2 Haver ford Avenue and a t 136— 138 South S t r e e t , P h i l a d e l p h i a , P e n n s y l v a n i a . \J

C e n t r a l F i d e l i t y Bank, N o r t h e r n V i r g i n i a , B a i l e y s C r o s s r o a d s , V i r g i n i a . To e s t a b l i s h a branch at 5802 C o l u m b i a P i k e , B a i l e y ' s C r o s s r o a d s , V i r g i n i a . _1/

F i r s t G e o r g i a Bank, A t l a n t a , G e o r g i a . To e s t a b l i s h a branch a t 5919 Memorial D r . , S t o n e Mountain , G e o r g i a . 1/

U n i t e d C a l i f o r n i a Bank, Los A n g e l e s , C a l i f o r n i a . To e s t a b l i s h a branch i n v i c i n i t y of the i n t e r s e c t i o n o f Canoga Avenue and Oxnard S t r e e t , Community o f Woodland H i l l s , Los A n g e l e s , C a l i f o r n i a . 1/

* * * * *

To Merge Purusant to S e c t i o n 1 8 ( c ) of t h e F e d e r a l D e p o s i t I n s u r a n c e Act

Approved Richmond F i r s t V i r i g n i a B a n k - C o l o n i a l , Richmond, V i r g i n i a , t o merge w i t h

The P e o p l e s Bank of Hanover County, M e c h a n i c s v i l l e , V i r g i n i a . 1/

* * * * *

I s s u e d I n t e n t Not to D i s a p p r o v e Change i n C o n t r o l Pursuant t o Change i n Bank C o n t r o l Act o f 1978

Not Di sapproved San I d a b a n c o , I n c . , B o i s e I d a h o . \J Franc i s c o

J.J A p p l i c a t i o n p r o c e s s e d 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 , 1981 No. 18 - 6 -


A p p l i c a t i o n s and N o t i f i c a t i o n s f o r I n t e r n a t i o n a l I n v e s t -ments and Other A c t i o n s Pursuant to S e c t i o n s 25 and 2 5 ( a ) of the F e d e r a l Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) o f t h e Bank Hold ing Company Act o f 1956 , as amended

Approved San Canadian I m p e r i a l Bank o f Commerce, Canada: g r a n t s c o n s e n t F r a n c i s c o to e n t e r i n t o an agreement w i t h F e d e r a l Reserve System t o

r e c e i v e o n l y such d e p o s i t s as would be p e r m i s s i b l e under S e c t i o n 5(A) o f the I n t e r n a t i o n a l Banking A c t .

San P a c i f i c N a t i o n a l Bank I n t e r n a t i o n a l , a w h o l l y owned Edge Act F r a n c i s c o s u b s i d i a r y o f P a c i f i c N a t i o n a l Bank of Washington: g r a n t s

c o n s e n t to amend A r t i c l e s o f A s s o c i a t i o n to r e f l e c t name change to F i r s t I n t e r s t a t e I n t e r n a t i o n a l of Washington and to d e l e t e the requirement t h a t a l l d i r e c t o r s be Uni ted S t a t e s C i t i z e n s .

San United C a l i f o r n i a Bank I n t e r n a t i o n a l , New York, New York, a F a n c i s c o w h o l l y owned Edge Act s u b s i d i a r y of Uni ted C a l i f o r n i a Bank,

Los A n g e l e s , C a l i f o r n i a : t o amend A r t i c l e F i r s t of the A r t i c l e s o f A s s o c i a t i o n c h a n g i n g i t s name t o " F i r s t I n t e r -s t a t e I n t e r n a t i o n a l of C a l i f o r n i a " .

* * * * *

To Form a Bank H o l d i n g Company Pursuant to S e c t i o n 3 ( a ) ( 1 ) o f the Bank Hold ing Company Act o f 1956

Withdrawn S t . Loui s F i r s t F r o n t i e r B a n c s h a r e s , I n c . , E l d o r a d o , I l l i n o i s , for ap-

prova l to a c q u i r e 8 3 . 2 p e r c e n t of the v o t i n g s h a r e s of F i r s t S t a t e Bank of E l d o r a d o , E l d o r a d o , I l l i n o i s .

Approved A t l a n t a Acadiana B a n c s h a r e s , I n c . , L a f a y e t t e , L o u i s i a n a , for approva1

to a c q u i r e a t l e a s t 66 2 / 3 p e r c e n t of the v o t i n g s h a r e s of American Bank & T r u s t Company, L a f a y e t t e , L o u i s i a n a . JL/

A t l a n t a Great American Bancorp, N o r t h Miami, F l o r i d a , f o r approval to a c q u i r e 93 percent of t h e v o t i n g s h a r e s o f ComBanks Corpora-t i o n , Winter Park, F l o r i d a and i n d i r e c t l y Great American Banks , I n c . , Nor th Miami, F l o r i d a and a l s o F i r s t Marine Banks, I n c . , R i v i e r a Beach , F l o r i d a . 1/

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


H. 2 , 1981 No. 18


C h i c a g o F i r s t Cary-Grove C o r p . , Gary, I l l i n o i s , f o r approval to a c q u i r e 100 p e r c e n t ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e v o t i n g s h a r e s o f the s u c c e s s o r by merger to F i r s t S e c u r i t y Bank o f C a r y - G r o v e , Gary , I l l i n o i s . 1/

M i n n e a p o l i s FSB H o l d i n g Company, I n c . , T r i m o n t , M i n n e s o t a , f o r approval to a c q u i r e a t l e a s t 83 percent of t h e v o t i n g s h a r e s o f Farmers S t a t e Bank o f Tr imont , Tr imont , M i n n e s o t a . J./

Kansas C i t y F i r s t R i c h e r B a n c s h a r e s , I n c . , R i c h e r , Oklahoma, for approval to a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of F i r s t S t a t e Bank, R i c h e r , Oklahoma. JV

Kansas C i t y Gibbon Exchange Company, Gibbon, N e b r a s k a , f o r approval to a c q u i r e 9 8 . 4 percent o r more ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) o f the v o t i n g s h a r e s of Exchange Bank, Gibbon, N e b r a s k a . 1/

Kansas C i t y L e a v c o r p , I n c . , Leavenworth , Kansas , f o r approval t o a c q u i r e a t l e a s t 80 p e r c e n t of t h e v o t i n g s h a r e s of Leavenworth N a t i o n a l Bank & T r u s t Company, Leavenworth , Kansas . If

* * * * *

To Fonn a Bank H o l d i n g Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) o f t h e Bank H o l d i n g Company Act

Approved Kansas C i t y The F i r s t N a t i o n a l B a n c o r p o r a t i o n , I n c . , D e n v e r , C o l o r a d o ,

f o r approva l t o a c q u i r e 9 9 . 1 p e r c e n t of the v o t i n g s h a r e s o f The F i r s t N a t i o n a l Bank of t h e S o u t h w e s t , J e f f e r s o n County, C o l o r a d o , a proposed new bank . _!/

D a l l a s F i r s t I n t e r n a t i o n a l B a n c s h a r e s , I n c . , D a l l a s , T e x a s , for ap-p r o v a l t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of t h e s u c c e s s o r by merger t o San F e l i p e Bank, N . A . , H o u s t o n , T e x a s . V

1 / A p p l i c a t i o n p r o c e s s e d on b e h a l f o f 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 , 1981 No.18 8 -


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

Approved New York

New York

New York

A t l a n t a

Kansas C i t y

New York

Deutsche Bank AG, F r a n k f u r t , Germany, for approval to expand the a c t i v i t i e s of i t s i n d i r e c t s u b s i d i a r y , F i a t C r e d i t Cor-p o r a t i o n , Bannockburn, I l l i n o i s vfoich would engage de novo i n p r o v i d i n g bookkeep ing , d a t a p r o c e s s i n g and o t h e r s e r v i c e s r e -l a t e d to the a d m i n i s t r a t i o n of r e c e i v a b l e s f i n a n c e d by Cor-p o r a t i o n f o r the s u b s i d i a r i e s of F i a t in the United S t a t e s .

The HongKong and Shanghai Banking C o r p o r a t i o n , Hong Kong, B.C.C. K e l l e t t , N . V . , Curacao, N e t h e r l a n d s A n t i l l e s ; HSBC H o l d i n g s , B . V . , Amsterdam, The Ne ther lands and Marine Midland Banks, I n c . , B u f f a l o , New York, f o r approval to engage in u n d e r w r i t i n g , a s r e i n s u r e r , through a de novo s u b s i d i a r y , Marmid L i f e I n s u r a n c e Company, c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h insurance d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t by Marine Midland Bank, N.A. , B u f f a l o , New York in New York S t a t e , and P e n n s y l v a n i a .

S o c i e t e G e n e r a l e , P a r i s , France , for approval to engage de novo through i t s s u b s i d i a r y , S o g e l e a s e Corp . , New York, New York, i n commerical f i n a n c e and l e a s i n g a c t i v i t i e s .

Great American Bancorp, North Miami, F l o r i d a , f o r approval to a c q u i r e C o n s o l i d a t e d Recovery S e r v i c e I n c . , Winter Park, F l o r i d a ; ComBanks Insurance Agency, I n c . , Winter Park, F l o r i d a ; American Bancshares S e r v i c e s , I n c . , North Miami, F l o r i d a ; American Bancshares Mortgage Company, I n c . , North Miami, F l o r i d a ; American P r o p e r t i e s Holding Company, North Miami, F l o r i d a ; American Bancshares Insurance Agency, I n c . , North Miami, F l o r i d a . \J

Gibbon Exchange Company, Gibbon, Nebraska , f o r approval to a c q u i r e Gibbon I n s u r a n c e Agency, Gibbon, Nebraska and t h e r e -by engage in the s a l e of g e n e r a l in surance in a community o f l e s s than 5 , 0 0 0 p o p u l a t i o n . JV

Denied Deutsche Bank AG, F r a n k f u r t , Germany, for approval to expand t h e

a c t i v i t i e s of F i a t C r e d i t C o r p o r a t i o n , Bannockburn, I l l i n o i s x * i c h would engage de novo in broad range of f i n a n c i n g a c t i -v i t i e s ; ac t as agent or broker f o r l i f e , a c c i d e n t and h e a l t h and p h y s i c a l damage insurance r e l a t e d to i t s e x t e n s i o n s of of c r e d i t ; s e r v i c e loans and o t h e r e x t e n s i o n s of c r e d i t ; and engage i n p e r s o n a l and r e a l proper ty l e a s i n g a c t i v i t i e s .

1 / A p p l i c a t i o n proces sed 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 , 1981 No. 18


Withdrawn New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to e s t a b -

l i s h a de novo o f f i c e engag ing i n the f o l l o w i n g a c t i v i t i e s ( t h e making of i n v e s t m e n t s in the s t o c k , w a r r a n t s , o p t i o n s or r i g h t s and e v i d e n c e s of i n d e b t e d n e s s ( i n c l u d i n g c o n v e r t i b l e o b l i g a t i o n s ) of f o r e i g n companies w i t h growth p o t e n t i a l ) a t 335 S t r a n d , London, Eng land , through i t s s u b s i d i a r y , C i t i c o r p C a p i t a l I n v e s t o r s Ltd . ( 5 / 1 / 8 1 ) 3 /

R e a c t i v a t e d Boston Mult ibank F i n a n c i a l C o r p . , Quincy, Mas s a c h s uet t s , n o t i f i c a t i o n

of i n t e n t to engage in de novo a c t i v i t i e s ( t o engage in item p r o c e s s i n g s e r v i c e s for cus tomers of a f f i l i a t e d banks; t h e s e a c t i v i t i e s , %h ich i n c l u d e demand d e p o s i t a c c o u n t i n g , i n s t a l l -ment l o a n a c c o u n t i n g and t ime d e p o s i t a c c o u n t i n g , would be c o n d u c t e d from an e x i s t i n g o f f i c e in Auburn, M a s s a c h u s e t t s , s e r v i c i n g c u s t o m e r s l o c a t e d t h r o u g h o u t M a s s a c h u s e t t s , Rhode I s l a n d , n o r t h e r n C o n n e c t i c u t , e a s t e r n New York, s o u t h e r n , New Hampshire and s o u t h e r n Vermont) a t 11 M i d s t a t e D r i v e , Auburn, M a s s a c h u s e t t s , through i t s d i r e c t s u b s i d i a r y , Mult ibank Computer Corp. ( 4 / 2 7 / 8 1 ) 3 /

B o s t o n Mult ibank F i n a n c i a l C o r p . , Quincy , M a s s a c h u s e t t s , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n p r o c e s s i n g of bank r e l a t e d f i n a n c i a l d a t a ; t h i s a c t i v i t y would be c o n d u c t e d from an e x i s t i n g o f f i c e i n Auburn, M a s s a c h u s e t t s and would be performed f o r a s i n g l e company l o c a t e d in Mass-a c h u s e t t s ) a t 11 M i d s t a t e D r i v e , Auburn, M a s s a c h u s e t t s , through i t s d i r e c t s u b s i d i a r y , Mult ibank Computer Corp. ( 4 / 2 7 / 8 1 ) 3 /

San Wel l s Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n F r a n c i s c o of i n t e n t to engage i n de novo a c t i v i t i e s ( a c t i n g as agent

f o r c r e d i t proper ty i n s u r a n c e ) i n Scot t sd a l e , A r i z o n a , s e r v i n g t h e S t a t e of Nevada , through i t s s u b s i d i a r y , WeLis Fargo I n s u r a n c e S e r v i c e s . ( 5 / 1 / 8 1 ) 3/

P e r m i t t e d New York B a r c l a y s Bank Limited and B a r c l a y s Bank I n t e r n a t i o n a l L i m i t e d ,

both of London, Eng land , r e q u e s t s p e r m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e engag ing i n the f o l l o w i n g a c t i v i t i e s (com m e r c i a l f i n a n c e , i . e . , making secured l o a n s to s m a l l and medium s i z e d b u s i n e s s e s ) from 1901 Avenue of the S t a r s , S u i t e 1774 Los A n g e l e s , C a l i f o r n i a t o 3350 W i l s h i r e B o u l e v a r d , s u i t e 1234 , Los A n g e l e s , 18321 Ventura B o u l e v a r d , Third F l o o r , Tarzana and 18662 MacArthur B o u l e v a r d , S u i t e 4 2 0 , I r v i n e , a l l i n C a l i f o r n i a , through t h e i r s u b s i d i a r y , Barc laysAmeric an/ B u s i n e s s C r e d i t , I n c . ( 4 / 2 9 / 8 1 ) 3 /

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e 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 , 1981 No. 18 - 10 -


New York Lloyds Bank L i m i t e d , London, England; The Royal Bank o f S c o t l a n d , Edinburgh, S c o t l a n d ; and The Royal Bank of S c o t l a n d Group L i m i t e d , Edinburgh, S c o t l a n d , r e q u e s t s p e r m i s s i o n to e s t a b l i s h de novo o f f i c e s e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s (commercia l f i n a n c i n g a c t i v i t i e s , i n c l u d i n g making or a c q u i r i n g commercia l l o a n s s e c u r e d by a b o r r o w e r ' s a c c o u n t s r e c e i v a b l e , i n v e n t o r y o r o t h e r a s s e t s and s e r v i c i n g such l o a n s for o t h e r s ) a t 163 3 Broadway, New York, New York and 1 W i l s h i r e B u i l d i n g , Los A n g e l e s , C a l i f o r n i a , through t h e i r s u b s i d i a r y , James T a l c o t t B u s i n e s s C r e d i t , I n c . ( 4 / 2 6 / 8 1 ) 3 /

C l e v e l a n d P i t t s b u r g h N a t i o n a l C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , n o t i f i c a t i o n of i n t e n t to engage in the f o l l o w i n g a c t i v i t y (mortgage b a n k i n g , i n c l u d i n g t h e making or a c q u i r i n g and s e r v i c i n g f o r i t s own account and f o r the 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 o f c r e d i t ) in t h e m e t r o p o l i t a n a r e a of Tucson , A r i z o n a , through i t s s u b s i d i a r y , The K i s s e l l Company, S p r i n g f i e l d , Ohio ( 4 / 1 9 / 8 1 ) 3_/

C l e v e l a n d P i t t s b u r g h N a t i o n a l C o r p o r a t i o n , P i t t s b u r g h , P e n n s y l v a n i a , no -t i f i c a t i o n of i n t e n t to engage in the f o l l o w i n g a c t i v i t i e s ( a c t i n g a s agent for n o n - a f f i l i a t e d i n s u r a n c e companies in the s a l e or s o l i c i t a t i o n of o r d e r s for a c c i d e n t and h e a l t h i n s u r a n c e and mortgage redempt ion l i f e i n s u r a n c e on d e b t o r s , in c o n n e c t i o n w i t h mor tgages made or s e r v i c e d ) a t S u i t e C & D, 1741 West L i n c o l n Avenue , Anaheim; Bank of A m e r i c a B u i l d -i n g , 300 S . Harbor B o u l e v a r d , S u i t e 4 1 5 , Anahe im; 7002 Moody S t r e e t , LaPalma; 18918 So ledad Canyon Road, Canyon County; 906 East Avenue 0 - 9 , Palmdale; 451 S. Escondido B o u l e v a r d , E s c o n d i d o ; S u i t e s 1 0 1 - 1 0 2 , 5727 Camino Del Rio South , San D i e g o ; S u i t e A - 5 , 1516 W. Shaw Avenue, Fresno; 152 L and 1523 T e n n e s s e e S t r e e t , V a t l e j o ; S u i t e 208 , 440 Grand Avenue , Oakland; S u i t e 2 0 4 , 6117 Brockton Avenue, R i v e r s i d e ; 5777 Madison Avenue , S u i t e 6 3 0 , Sacramento; S u i t e 101, The Sherman B u i l d i n g . 3031 T i s c h Wav, San J o s e ; The Woodbr idge B u i l d i n g , S u i t e 203 , 222 N. Mountain Avenue, Upland; and 5 700 R a l s t o n S t r e e t , S u i t e 3 0 5 , V e n t u r a , a l l l o c a t e d in C a l i f o r n i a , through i t s s u b s i d i a r y , The K i s s e l 1 Company, S p r i n g f i e l d , Ohio ( 4 / 2 9 / 8 1 ) 3 /

A t l a n t a Alabama B a n c o r p o r a t i o n , Birmingham, Alabama, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own account or f o r the account of o t h e r s , l oans and o ther e x t e n s i o n s of c r e d i t ; s e r v i c i n g

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by Reserve Bank on b e h a l f of t h e Board a f «»ove rnors under de l e g a t e d a u t h o r i t y .


H . 2 , 1981 No. 18 — 11 —


l o a n s and o t h e r e x t e n s i o n s of c r e d i t for any person; to l e a s e p e r s o n a l p r o p e r t y and equipment; or a c t i n g as a g e n t , b r o k e r or a d v i s e r in l e a s i n g of such p r o p e r t y ; e n g a g i n g in the s a l e o f c r e d i t l i f e and a c c i d e n t and h e a l t h i n s u r a n c e a c t i v i t i e s are to be conducted at an a d d i t i o n a l o f f i c e l o c a t e d i n N a s h v i l l e , T e n n e s s e e , s e r v i n g t h e g r e a t e r N a s h v i l l e M e t r o p o l i t a n a r e a , through a s u b s i d i a r y , Alabanc F i n a n c i a l C o r p o r a t i o n ( 5 / 1 / 8 1 ) 3/

Chicago F i r s t C h i c a g o C o r p o r a t i o n , C h i c a g o , I l l i n o i s , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( p r o v i d i n g p o r t f o l i o i n v e s t m e n t a d v i c e to i t s c u s t o m e r s ) the a c t i v i t y w i l l be performed at e x i s t i n g o f f i c e s i n C h i c a g o , I l l i n o i s ; Miami, F l o r i d a ; and Houston , T e x a s , t h e g e o g r a p h i c scope i s n a t i o n w i d e , through i t s s u b -s i d i a r y , F i r s t Chicago R e a l t y S e r v i c e s C o r p o r a t i o n ( 5 / 2 / 8 1 ) 2 /

Kansas C i t y C e n t r a l S e r v i c e C o r p o r a t i o n , Enid , Oklahoma, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t h e making or acqu ir i n g , f o r i t s own account or f o r the 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 o f c r e d i t , i n c l u d i n g t h e purchase and d i s c o u n t of n o t e s , t h e purchase of p a r t i c i p a t i o n s in loans and t h e e x t e n s i o n o f d i r e c t l o a n s to c u s t o m e r s ) a t 324 West Broadway, E n i d , Oklahoma, s e r v i n g the S t a t e of Oklahoma, the n o r t h e r n p o r t i o n of Texas and the s o u t h e r n p o r t i o n of Kansas ( 5 / 1 / 8 1 ) 3 /

U .S . Bancorp, P o r t l a n d , Oregon , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making , a c q u i r i n g and s e r -v i c i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t , e i t h e r s ecured o r u n s e c u r e d , for i t s own account or for t h e a c c o u n t of o t h e r s , i n c l u d i n g t h e purchas ing of c o n t r a c t s and e v i d e n c e s o f d e b t , making commercia l and b u s i n e s s l o a n s ; and a c t i n g as i n s u r a n c e agent w i t h regard t o c r e d i t l i f e and d i s a b i l i t y i n s u r a n c e s o l e l y in c o n n e c t i o n with e x t e n s i o n s of c r e d i t ) i n the 4 0 0 B u i l d i n g , S u i t e 4 0 9 , 4 0 0 - 108th Avenue , N . E . , Bel l e v u e , W a s h i n g t o n , t h e g e o g r a p h i c a r e a to be s erved w i l l be p r i n c i p a l l y the S e a t t l e SMSA which i s d e f i n e d as King County , through i t s s u b s i d i a r y , U . S . C r e d i t c o r p ( 4 / 2 8 / 8 1 ) 3/

W e l l s Fargo & Company, San F r a n c i s c o , C a l i f o r n i a , n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( a c t i n g as agent for c r e d i t p r o p e r t y i n s u r a n c e ) i n S c o t t s d a l e , A r i z o n a , s e r v i n g t h e S t a t e of Nevada, through i t s s u b s i d i a r y , Wel l s Fargo I n s u r a n c e S e r v i c e s . ( 5 / 1 / 8 1 ) 3 /

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f o f the Board o f Governors under d e l e g a t e d a u t h o r i t y .

San F r a n c i sco



H . 2 , 1981 No. 18 - 12 -

APPLICATIONS RECEIVED

To E s t a b l i s h a Domest ic Branch Pursuant to S e c t i o n 9 o f t h e F e d e r a l Reserve Act

B o s t o n The C o n n e c t i c u t Bank and Trus t Company, H a r t f o r d , C o n n e c t i c u t . Branch to be e s t a b l i s h e d i n Trumbul l , C o n n e c t i c u t . 2 /

A t l a n t a Exchange Bank & T r u s t Company o f F l o r i d a , Tampa, F l o r i d a . Branch to be e s t a b l i s h e d at s o u t h w e s t c o r n e r o f S t a t e Road 688 and proposed Cochran D r i v e , P i n e l l a s County , F l o r i d a . 2/

Chicago The D e t r o i t Bank and Trus t Company, D e t r o i t , M i c h i g a n . Branch to be e s t a b l i s h e d at the n o r t h e a s t c o r n e r of Groesbeck Highway and H a r r i n g t o n Road, C l i n t o n Township, M i c h i g a n . 2/

* * * * *

To Become a Bank H o l d i n g Company Pursuant t o S e c t i o n 3 ( a ) ( 1 ) o f t h e Bank H o l d i n g Company Act o f 1956

C l e v e l a n d The F i r s t N a t i o n a l P e n n s y l v a n i a C o r p o r a t i o n , Meadvi l l e , P e n n s y l v a n i a f o r approval t o a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s o f The F i r s t N a t i o n a l Bank of P e n n s y l v a n i a , M e a d v i l l e , P e n n s y l v a n i a . 2/

C l e v e l a n d M e t r o p o l i t a n Bancorp , I n c . , Lima, O h i o , for approva l to a c -q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of The M e t r o p o l i t a n Bank of Lima, O h i o , Lima, O h i o . 2f

Richmond One V a l l e y Bancorp o f West V i r g i n i a , I n c . , C h a r l e s t o n , West V i r g i n i a , for a p p r o v a l to a c q u i r e 100 percent of t h e v o t i n g s h a r e s o f the s u c c e s s o r by merger to Kanawaha V a l l e y Bank, N. A . , C h a r l e s t o n , West V i r g i n i a . 27

A t l a n t a BancIndependent I n c o r p o r a t e d , S h e f f i e l d , Alabama, f o r a p p r o v a l to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s o f F i r s t C o l b e r t N a t i o n a l Bank, S h e f f i e l d , Alabama. 2/

A t l a n t a Mountain B a n c s h a r e s , I n c . , Tracy C i t y , T e n n e s s e e , f o r a p p r o v a l t o a c q u i r e at l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of F i r s t Bank and T r u s t , T r a c y C i t y , T e n n e s s e e . 2 /

2 / A p p l i c a t i o n s u b j e c t t o Community R e i n v e s t m e n t A c t . The Community A f f a i r s O f f i c e r of t h e a p p l i c a b l e R e s e r v e Bank may be c o n t a c t e d a s to the l e n g t h of the comment p e r i o d .

i


H . 2 , . 981 No. 18 - 13 -

APPLICATIONS RECEIVED-Cont inued

Chicago B e l l Tower F i n a n c i a l , I n c o r p o r a t e d , Stanwood, Iowa, f o r ap-prova l to a c q u i r e a t l e a s t 9 9 . 8 percent of t h e v o t i n g s h a r e s of Union T r u s t & S a v i n g s Bank, Stanwood, Iowa. 2 /

Chicago The Boone C o r p o r a t i o n , Lebanon, I n d i a n a , for approval to a c -q u i r e 100 p e r c e n t of the v o t i n g s h a r e s ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of the s u c c e s s o r by merger to The Boone County S t a t e Bank, Lebanon, I n d i a n a . 2 /

Chicago F i r s t S e c u r i t y B a n s h a r e s , I n c . , Lake Park, Iowa, for approval to a c q u i r e at l e a s t 80 p e r c e n t of the v o t i n g s h a r e s of S e c u r i t y S t a t e Bank, Lake Park, Iowa and S e c u r i t y S t a t e Bank, H a r t l e y , Iowa . 2 /

Ch icago G. W. Bancorp. , G r e e n l e a f , W i s c o n s i n , f o r approval to a c q u i r e a t l e a s t 8 6 . 7 percent of t h e v o t i n g s h a r e s of G r e e n l e a f Wayside Bank, G r e e n l e a f , W i s c o n s i n . 2j

S t . L o u i s CB B a n c s h a r e s , I n c . , J e f f e r s o n v i l l e , I n d i a n a , for approva l t o a c q u i r e 100 p e r c e n t ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) o f t h e v o t i n g s h a r e s of the s u c c e s s o r by merger to C i t i z e n s Bank & T r u s t C o . , J e f f e r s o n v i l l e , I n d i a n a . If

M i n n e a p o l i s F i r s t Mabel BanCorporat i o n , I n c . , Mabel, M i n n e s o t a , for ap-prova l to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank o f Mabel, Mabel, M i n n e s o t a . 2 /

Kansas C i t y Crown B a n c s h a r e s , I n c . , Kansas C i t y , M i s s o u r i , f o r approval to a c q u i r e a t l e a s t 80 percent of t h e v o t i n g s h a r e s of The F i r s t N a t i o n a l Bank o f Lawrence, Lawrence , Kansas and to a c q u i r e up t o 20 percent of t h e v o t i n g s h a r e s of The Merchants N a t i o n a l Bank o f Topeka, Topeka, Kansas . 2 /

Kansas C i t y F i r s t Broken Arrow C o r p o r a t i o n , Broken Arrow, Oklahoma, for approval to a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s o f The F i r s t N a t i o n a l Bank o f Broken Arrow, Broken Arrow, Oklahoma. 2 /

Kansas C i t y Grove B a n c s h a r e s , I n c . , Grove , Oklahoma, f o r approval to ac -q u i r e a t l e a s t 9 9 . 2 4 percent of t h e v o t i n g s h a r e s o f S t a t e Bank o f Grove , Grove , Oklahoma. 2 /

Kansas C i t y Harvard Tower H o l d i n g C o r p o r a t i o n , T u l s a , Oklahoma, for ap-prova l to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of Harvard T o t e r Bank, T u l s a , Oklahoma. 2 /

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


I

H . 2 , 1981 No. 18 14

APPLICATIONS RECEIVED-Continued

K a n s a s C i t y

Kansas C i t y

Dal l a s

San Franc i s c o

Chicago

Dal l a s

Dal l a s

Pagosa S p r i n g s Hold ing Company, Pagosa S p r i n g s , C o l o r a d o , f o r approval to a c q u i r e 9 0 . 3 3 percent of t h e v o t i n g s h a r e s of The C i t i z e n s Bank o f Pagosa S p r i n g s , C o l o r a d o , Pagosa Spring C o l o r a d o . 2 /

Sh i d l e r B a n c s h a r e s , I n c . , Sh i d l e r , Oklahoma, f o r approval to a c q u i r e 80 percent or more of t h e v o t i n g s h a r e s of Sh i d l e r S t a t e Bank, S h i d l e r , Oklahoma. 2/

North Texas B a n c s h a r e s , I n c . , North R i c h l a n d H i l l s , T e x a s , for approval to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of Bank of North T e x a s , North Rich land H i l l s , T e x a s , and Me adowbrook N a t i o n a l Bank, Fort Worth, T e x a s . 2 j

F i r s t S t a t e B a n c s h a r e s , I n c . , Port Orchard, Wash ington , for ap proval to a c q u i r e a t l e a s t 80 p e r c e n t of the v o t i n g s h a r e s o f F i r s t S t a t e Bank, Port Orchard, Washington . If

To Expand a Bank Hold ing Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) o f t h e Bank H o l d i n g Company Act o f 1956

P e o p l e s Banking C o r p o r a t i o n , Bay C i t y , M i c h i g a n , for ap-prova l to a c q u i r e 100 p e r c e n t of the v o t i n g s h a r e s of the s u c c e s s o r by c o n s o l i d a t i o n t o Community Bank, Bad Axe, M i c h i g a n . 2 /

Southwest B a n c s h a r e s , I n c . , H o u s t o n , T e x a s , f o r approval to a c q u i r e 100 percent of t h e v o t i n g s h a r e s o f C o p p e r f i e l d N a t i o n a l Bank, H a r r i s County , T e x a s , a proposed new bank 2/

Texas Commerce B a n c s h a r e s , I n c . , H o u s t o n , T e x a s , f o r ap-p r o v a l to a c q u i r e 100 percent of t h e v o t i n g s h a r e s of Fr iendswood Bank, Fr i endswood , T e x a s . 27

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


H . 2 , 1981 No. 18 - 1 5 -


To Expand a Bank Hold ing Company Pursuant to S e c t i o n 4 ( c ) ( 8 ) o f t h e Bank Hold ing Company Act o f 1956

B o s t o n I n d u s t r i a l N a t i o n a l C o r p o r a t i o n , P r o v i d e n c e , Rhode I s l a n d , n o t i f i c a t i o n of i n t e n t to r e l o c a t e de novo a c t i v i t i e s ( ( i ) consumer f i n a n c e and ( i i ) i n s u r a n c e agency a c t i v i t i e s for t h e s a l e o f c r e d i t l i f e and c r e d i t a c c i d e n t and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t ) f rom an o f f i c e i n Mo l i n e , I l l i n o i s to an e x i s t i n g o f f i c e l o c a t e d at 4 7 1 1 North Brady, D a v e n p o r t , Iowa, through i t s i n d i r e c t sub-s i d i a r y , Mortgage A s s o c i a t e s , I n c . ( 4 / 2 7 / 8 1 ) 3 /

New York Chemical New York C o r p o r a t i o n , New York, New York, r e q u e s t s p e r m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e e n g a g i n g in the f o l l o w i n g a c t i v i t i e s (making d i r e c t l o a n s , p u r c h a s i n g i n -s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , and a c t i n g as agent or b r o k e r f o r the s a l e of l i f e , a c c i d e n t and h e a l t h , and p r o p e r t y and c a s u a l t y i n s u r a n c e d i r e c t l y r e l a t e d t o such e x t e n s i o n s of c r e d i t ) from 415 West Meadowview Road, G r e e n s b o r o , North C a r o l i n a to 2300 West Meadowview Road, G r e e n s b o r o , North C a r o l i n a , through i t s s u b s i d i a r y , Sunamerica F i n a n c i a l C o r p o r a t i o n . ( 5 / 1 / 8 1 ) 3 /

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s ( t h e making of l o a n s to f o r e i g n companies w i t h growth p o t e n t i a l ) a t 335 S t r a n d , London, E n g l a n d , through i t s s u b s i d i a r y , C i t i c o r p C a p i t a l I n v e s t o r s L t d . ( 5 / 1 / 8 1 ) 3 /

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand t h e s e r v i c e a r e a of an e x i s t i n g o f f i c e engag ing i n the f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g o f l o a n s and o t h e r e x -t e n s i o n s o f c r e d i t , s e c u r e d or u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; the e x t e n s i o n s o f l o a n s to d e a l e r s for the f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g for i t s own account of s a l e s f i n a n c e c o n t r a c t s ; the s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n the c a s e of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s as r e q u i r e d ; the s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l proper ty s u b j e c t to a s e c u r i t y agreement w i t h C i t i c o r p Washington F i n a n c i a l C e n t e r , I n c . , t o the e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e o r i g i n a t i n g , f o r i t s own account or f o r the account of o t h e r s ,

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e bank on b e h a l f o f 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 , 1981 No. 18 - 16 -

APPLICATIONS RECEIVED-Cont iriued

o f f i r s t mortgage loans secured by r e s i d e n t i a l or commercial p r o p e r t i e s ; t h e s a l e at r e t a i l o f money o r d e r s , t r a v e l e r s c h e c k s , U . S . s a v i n g s bonds and consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; and the s e r v i c i n g , for any p e r s o n , of 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 ; the e x p a n s i o n of the s e r v i c e a r e a would i n c l u d e the e n t i r e S t a t e o f Washington; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e may b e w r i t t e n by Family Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p Washington F i n a n c i a l C e n t e r , I n c . ) a t 1723 Hewi t t Avenue , E v e r e t t , Wash ington , through i t s u b s i d -i a r y , C i t i c o r p Washington F i n a n c i a l C e n t e r , I n c . ( 5 / 1 / 8 1 ) 3 /

- ew York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e engag ing i n the f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g o f l oans and o ther e x t e n s i o n s o f c r e d i t , s ecured or u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; the e x p a n s i o n o f l o a n s to d e a l e r s for t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; the purchas ing and s e r v i c i n g for i t s own account of s a l e s f i n a n c e c o n t r a c t s ; the s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n the c a s e of s i n g l e payment l o a n s ) t e r m l i f e i n s u r a n c e by l i c e n s e d a g e n t s or brokers as r e q u i r e d ; the s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e pro-t e c t i n g r e a l and p e r s o n a l p r o p e r t y s u b j e c t to a s e c u r i t y agreement w i t h C i t i c o r p Washington I n d u s t r i a l Loan Company, t o the e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; the o r i g i n a t i n g , for i t s own account o r f o r the account of o t h e r s , o f f i r s t mortgage loans s e c u r e d by r e s i d e n t i a l or commer ica l p r o p e r t i e s ; t h e s a l e at r e t a i l of money o r d e r s , t r a v e l e r s c h e c k s , U . S . s a v i n g s bonds and consumer o r i e n t e d f i n a n c i a l management c o u r s e s ; and t h e s e r v i c i n g , f o r any p e r s o n , o f l o a n s and o t h e r e x t e n s i o n s o f c r e d i t ; t h e s e r v i c e area of t h e de novo o f f i c e would be comprised of the e n t i r e S t a t e of Washington; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e may b e w r i t t e n by Fami ly Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p Washington I n d u s t r i a l Loan Company) a t 1723 Hewi t t Avenue, E v e r e t t , Washington, through i t s s u b s i d i a r y , C i t i c o r p Washington I n d u s t r i a l Loan Company ( D o m e s t i c ) ( 5 / 1 / 8 1 ) 3 /

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand the s e r v i c e area of an e x i s t i n g o f f i c e e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s (making or a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s o f c r e d i t , s e c u r e d o r u n s e c u r e d , for consumer and o t h e r p u r -p o s e s ; the e x t e n s i o n s of l o a n s to d e a l e r s f o r the f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own account of s a l e s

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f o f 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 , 1981 No. 18 - 1 7 -


f i n a n c e c o n t r a c t s ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n the case of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s as r e q u i r e d ; the s a l e o f c r e d i t r e l a t e d proper ty and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y s u b j e c t to a s e c u r i t y agreement w i t h C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , t o the e x t e n t p e r m i s s i b l e under a p p l i c a b l e S t a t e i n s u r a n c e laws and r e g u l a t i o n s ; t h e making o f l o a n s to i n d i v i d u a l s and b u s i n e s s e s to f i n a n c e the purchase of m o b i l e homes, modular u n i t s or r e l a t e d manufac tured h o u s i n g , t o g e t h e r w i t h the r e a l p r o p e r t y to which such h o u s i n g i s or w i l l be permanent ly a f f i x e d , such p r o p e r t y b e i n g used as s e c u r i t y for t h e l o a n s ; and the s e r v i c i n g , f o r any p e r s o n , o f l o a n s and o ther e x t e n s i o n s of c r e d i t ; t h e p r e v i o u s l y approved s e r v i c e a r e a of the o f f i c e comprised of the e n t i r e S t a t e of Utah, would be expanded to i n c l u d e t h e e n t i r e S t a t e o f Wyoming; e x c e p t t h a t t h i s a p p l i c a t i o n would not expand t h e s e r v i c e area for t h e s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u -a n c e may b e w r i t t e n by Family G u a r d i a n L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r ) a t 3828 South Main, S u i t e 2 0 1 , S a l t Lake C i t y , U t a h , through i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r ( D o m e s t i c ) ( 5 / 1 / 8 1 ) 37

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to expand the s e r v i c e area of an e x i s t i n g o f f i c e e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g of l o a n s and other e x t e n s i o n s o f c r e d i t , s ecured o r u n s e c u r e d , f o r consumer and o t h e r p u r p o s e s ; the e x t e n s i o n s of l o a n s to d e a l e r s f o r t h e f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; the p u r c h a s i n g and s e r v i c i n g of s a l e s f i n a n c e c o n t r a c t s for i t s own a c c o u n t ; t h e s a l e of c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h o r d e c r e a s i n g o r l e v e l ( i n t h e c a s e of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d a g e n t s or b r o k e r s as r e q u i r e d ; t h e s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e p r o t e c t i n g r e a l and p e r s o n a l p r o p e r t y s u b j e c t to a s e c u r i t y agreement w i t h C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . , t o the e x t e n t p e r m i s s i b l e u n d e r a p p l i c a b l e S t a t e i n s u r a n c e laws arri r e g u l a t i o n s ; t h e making o f l o a n s to i n d i v i d u a l s and b u s i n e s s e s to f i n a n c e the p u r c h a s e of m o b i l e homes, modular u n i t s or r e l a t e d manufac tured h o u s i n g , t o g e t h e r w i t h the r e a l p r o p e r t y to which such h o u s i n g i s or w i l l be permanent ly a f f i x e d . such p r o p e r t y b e i n g u s e d as s e c u r i t y f o r t h e l o a n s and t h e s e r v i c i n g , f o r any p e r s o n , o f l o a n s and o t h e r e x t e n s i o n s o f c r e d i t ; t h e p r e v i o u s l y approved s e r v i c e a r e a

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e 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 , 1981 No. 18 - 18 -


o f the o f f i c e comprised of the e n t i r e S t a t e of Idaho , would be expanded to i n c l u d e t h e e n t i r e S t a t e o f Montana; e x c e p t t h a t t h i s a p p l i c a t i o n would not expand t h e s e r v i c e area f o r the s a l e o f c r e d i t r e l a t e d p r o p e r t y and c a s u a l t y i n s u r a n c e ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e may be w r i t t e n by Fami ly Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ) a t 1755 Westgate D r i v e 2 2 5 , B o i s e , I d a h o , through i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , Inc . (De laware ) ( 4 / 2 8 / 8 1 ) 3 /

New York C i t i c o r p , New York, New York, r e q u e s t s p e r m i s s i o n to e s t a b l i s h a de novo o f f i c e e n g a g i n g in the f o l l o w i n g a c t i v i t i e s ( t h e making or a c q u i r i n g of l o a n s and o t h e r e x t e n s i o n s of c r e d i t , secured o r u n s e c u r e d , for consumer and o t h e r p u r p o s e s ; t h e e x t e n s i o n s of l o a n s to d e a l e r s f o r the f i n a n c i n g of i n v e n t o r y ( f l o o r p l a n n i n g ) and working c a p i t a l p u r p o s e s ; t h e p u r c h a s i n g and s e r v i c i n g f o r i t s own account of s a l e s f i n a n c e c o n t r a c t s ; the s a l e o f c r e d i t r e l a t e d l i f e and a c c i d e n t and h e a l t h or d e c r e a s i n g or l e v e l ( i n the c a s e of s i n g l e payment l o a n s ) term l i f e i n s u r a n c e by l i c e n s e d b r o k e r s as r e q u i r e d ; the making of l o a n s to i n d i v i d u a l s and b u s i n e s s e s to f i n a n c e t h e p u r c h a s e o f mobi le homes, modular u n i t s or r e l a t e d manufactured h o u s i n g , t o g e t h e r w i t h the r e a l p r o p e r t y to v h i c h such h o u s i n g i s o r w i l l be permanent ly a f f i x e d , such p r o p e r t y b e i n g u s e d as s e c u r i t y f o r the l o a n s ; and t h e s e r v i c i n g , for any p e r s o n , o f l o a n s and o ther e x t e n s i o n s of c r e d i t ; the proposed s e r v i c e area of the o f f i c e would be c o m p r i s e d of the e n t i r e S t a t e of South C a r o l i n a ; c r e d i t r e l a t e d l i f e , a c c i d e n t , and h e a l t h i n s u r a n c e may be w r i t t e n by Family Guardian L i f e I n s u r a n c e Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l C e n t e r , I n c . ) a t Dutch P l a z a , 80 0 Du tch Square B o u l e v a r d , S u i t e 100, Columbi a,' South C a r o l i n a , through i t s s u b s i d i a r y , C i t i c o r p P e r s o n - t o -Person F i n a n c i a l C e n t e r , I n c . (De laware) ( 4 / 2 8 / 8 1 ) 37

New York Manu f a c t u r e r s Hanover C o r p o r a t i o n , New Yo rk , New York, r e q u e s t s p e r m i s s i o n to r e l o c a t e an e x i s t i n g o f f i c e e n g a g i n g in t h e f o l l o w i n g a c t i v i t i e s (consumer f i n a n c e , s a l e s f i n a n c e and home e q u i t y l e n d i n g a c t i v i t i e s and in the s a l e of s i n g l e and j o i n t [ c r e d i t ] l i f e i n s u r a n c e and c r e d i t a c c i d e n t , h e a l t h and p r o p e r t y i n s u r a n c e ; the new o f f i c e w i l l s e r v e cus tomers in J a c k s o n County, Clay County , N o r t h e r n Cass County, Western L a f a y e t t e County , and Southwest Ray County) a t 13926 Noland Court , I n d e p e n d e n c e , M i s s o u r i , through i t s s u b s i d i a r y , Termplan I n c o r p o r a t e d o f M i s s o u r i ( 4 / 2 9 / 8 1 ) 3 /

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f of t h e Board of G o v e r n o r s unde r d e l e g a t e d a u t h o r i t y .


H . 2 , 1981 No. 18 - 1 9 -


P h i l a d e l p h i a U n i v e s t C o r p o r a t i o n of P e n n s y l v a n i a , S o u d e r t o n , P e n n s y l v a n i a , n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( a c t i v i t i e s t h a t may be c a r r i e d on by an inves tment a d v i s e r , i n c l u d i n g o f f e r i n g port fo i i o i n v e s t m e n t a d v i c e to i n d i v i d u a l s , c o r p o r a t i o n s , governmenta l e n t i t i e s , p e n s i o n and p r o f i t s h a r -i n g p l a n s , p r i v a t e f o u n d a t i o n s and endowments , and o ther i n -s t i t u t i o n s ) from an o f f i c e i n Boca Raton, F l o r i d a , s e r v i n g t h e s t a t e s o f F l o r i d a , G e o r g i a , Alabama, South C a r o l i n a and North C a r o l i n a , through i t s s u b s i d i a r y , Union Inves tment P l a n n i n g , I n c . , d . b . a . Union F i n a n c i a l A d v i s o r y Company ( 4 / 2 8 / 8 1 ) 3 /

A t l a n t a 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 , n o t i f i -c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( p e r f o r m i n g o r c a r r y i n g on any one or more of the f u n c t i o n s or a c t i v i t i e s t h a t may be performed or c a r r i e d on by t r u s t company ( i n c l u d -ing a c t i v i t i e s o f a f i d u c i a r y , a g e n c y , o r c u s t o d i a n n a t u r e ) a t 100 North Bay S t r e e t , E u s t i s , F l o r i d a , through a s u b s i d i a r y , B a r n e t t Banks Trus t Company, N.A. ( 4 / 2 7 / 8 1 ) 3 /

Kansas C i t y N o r t o n v i l l e B a n c s h a r e s , I n c . , N o r t o n v i l l e , Kansas , for approval to a c q u i r e N o r t h e a s t Kansas Agency , I n c . , N o r t o n v i l l e , Kansas , and t h e r e b y engage in the s a l e o f g e n e r a l i n s u r a n c e in a community o f l e s s than 5 , 0 0 0 p o p u l a t i o n

Kansas C i t y P a d g e t t A g e n c y , I n c . , G r e e n l e a f , Kansas , for approva l to a c q u i r e 3 3 . 6 3 p e r c e n t of the v o t i n g s h a r e s of G r e e n l e a f Development Company, I n c . , G r e e n l e a f , Kansas

D a l l a s B a y l o r Bancs h a r e s , I n c . , Seymour, T e x a s , n o t i f i c a t i o n of i n t e n t to engage i n cle novo a c t i v i t i e s ( i n commercial r e a l e s t a t e f i n a n c i n g a c t i v i t i e s ; t h e s e a c t i v i t i e s would i n c l u d e the e x t e n s i o n o f d i r e c t l oans to b u s i n e s s e s , i n d i v i d u a l s , c o r -p o r a t i o n s , p a r t n e r s h i p s and p r o p r i e t o r s h i p s , f o r the purchase or c o n s t r u c t i o n of b u i l d i n g s , o r f a c i l i t i e s for commercia l p u r p o s e s ; a l s o , t h e d i s c o u n t of n o t e s o r c o n t r a c t s , t h e p u r c h a s e and s a l e of n o t e s r e l a t e d to the r e a l e s t a t e f i n a n c -ing b u s i n e s s ) a c t i v i t i e s w i l l be served from t h e above add-r e s s to an area of t h o s e c o n t i g u o u s c o u n t i e s w i t h i n a 100 m i l e r a d i u s , through i t s s u b s i d i a r y , Bay lor Mortgage C o . , I n c . ( 4 / 1 7 / 8 1 ) 3 /

San BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , not i f i c a -F r a n c i s c o t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage i n

a c t i v i t i e s i n c i d e n t a l to the s a l e of t r a v e l e r s c h e c k s ) a t 35 D a v i e s S t r e e t , through i t s s u b s i d i a r y , BA Cheque Cor-p o r a t i o n , London, England ( 4 / 2 4 / 8 1 ) 3 /

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by R e s e r v e Bank on b e h a l f o f 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 , 1981 No. 18 - 2 0 -


San BankAmerica C o r p o r a t i o n , San F r a n c i s c o , C a l i f o r n i a , not i f i c a -F r a n c i s c o t i o n of i n t e n t to r e l o c a t e de novo a c t i v i t i e s (making or

a c q u i r i n g , f o r i t s own account l o a n s and 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 or acqu ired by a f i n a n c e company; s e r v i c i n g loans and o t h e r e x t e n s i o n s of c r e d i t ; and o f f e r i n g c r e d i t - r e l a t e d l i f e i n s u r a n c e and c r e d i t - r e l a t e d a c c i d e n t and h e a l t h i n s u r a n c e ; such a c t i v i t i e s w i l l i n c l u d e , but not be l i m i t e d t o , making consumer i n s t a l l m e n t l o a n s , p u r c h a s i n g i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making loans and o ther e x t e n s i o n s o f c r e d i t to smal l b u s i n e s s e s , making l o a n s secured by r e a l and p e r s o n a l p r o p e r t y , and o f f e r i n g c r e d i t - r e l a t e d l i f e and c r e d i t - r e l a t e d a c c i d e n t , and h e a l t h i n s u r a n c e d i r e c t l y r e l a t e d t o e x t e n s i o n s of c r e d i t made or acqu ired by F inanceAmer ica C o r p o r a t i o n ) frcm 5 4 0 3 Eas t D r i v e Arbutus , Maryland t o Lake front North B u i l d i n g , 5550 S t e r r e t t P l a c e , Columbia, Maryland, s e r v i n g t h e e n t i r e s t a t e o f Mary-l a n d , through i t s i n d i r e c t s u b s i d i a r y , F inanceAmerica Cor-p o r a t i o n ( a Maryland C o r p o r a t i o n ) ( 4 / 3 0 / 8 1 ) 3/

S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i -c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making or a c q u i r i n g , f o r i t s own account or f o r the account of o t h e r s , l oans and e x t e n s i o n s o f c r e d i t i n c l u d i n g making consumer i n s t a l l m e n t p e r s o n a l l o a n s , p u r c h a s i n g consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making l o a n s t o smal l b u s i n e s s e s and o t h e r e x t e n s i o n s o f c r e d i t such as would be made by a f a c t o r i n g company or a consumer f i n a n c e company) a t 18552 MacArthur B o u l e v a r d , I r v i n e ; 10103 C a r r o l l Canyon Road, San Diego and One Market P l a z a , Spear S t r e e t Tower, San F a n c i s c o C a l i f o r n i a , s e r v i n g t h e S t a t e of C a l i f o r n i a , through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c F i n a n c e B u s i n e s s Center I n c . ( 4 / 3 0 / 8 1 ) 3 /

S e c u r i t y P a c i f i c C o r p o r a t i o n , Los A n g e l e s , C a l i f o r n i a , n o t i f i -c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (making o r a c q u i r i n g , f o r i t s own account or f o r the account of o t h e r s , l o a n s and e x t e n s i o n s o f c r e d i t i n c l u d i n g making consumer i n s t a l l m e n t p e r s o n a l l o a n s , p u r c h a s i n g consumer i n s t a l l m e n t s a l e s f i n a n c e c o n t r a c t s , making l o a n s to smal l b u s i n e s s e s and 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 or a consumer f i n a n c e company) a t 80 South Lane, P a s a d e n a , C a l i f o r n i a s e r v i n g t h e S t a t e of C a l i -f o r n i a , through i t s s u b s i d i a r y , S e c u r i t y P a c i f i c F i n a n c e B u s i n e s s C e n t e r I n c . ( 4 / 2 8 / 8 1 ) 3 /

3 / 4 ( c ) ( 8 ) n o t i f i c a t i o n p r o c e s s e d by the Reserve Bank on b e h a l f o f the Board of Governors under d e l e g a t e d a u t h o r i t y .


San F r a n c i sco


H . 2 , 1981 No. 18 - 2 1 -

REPORTS RECEIVED

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

The Community Bank o f F o r e s t , F o r e s t , V i r g i n i a

* * * * *

PETITIONS FOR RULEMAKING

None.

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

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