h2_19810620.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1981 No.25

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

Received During the Week Ending June 20, 1981 APPLICABLE

RESERVE BANK ACTIONS OF THE BOARD

Regula t ion T, proposal to amend Regula t ion T to e s t a b l i s h margin requ i rements fo r opt ions on exempted debt s e c u r i t i e s ; comment r eques ted by August 3 (Docket No R-0082).

Regula t ions D and Q, amendments r ega rd ing r e s e r v e r e q u i r e -ments and payments of i n t e r e s t on d e p o s i t s t o permit the e s t a b l i s h m e n t of I n t e r n a t i o n a l Banking F a c i l i t i e s (iBFs) in the United S t a t e s (Docket No. R-0214).

Regu la t ions T and U, proposed amendments concerning margin r e q u i r e m e n t s ; t h e Board r eques ted comment by September 15, 1981 (Docket No. R-0362).

Regu la t i on Y, proposed amendment to inc lude the i s suance of t r a v e l e r s checks in the l i s t of nonbanking a c t i v i t i e s p e r m i s s i b l e fo r bank holding companies; the Board i n v i t e d comment by August 31, 1981 (Docket No. R-0361)

Appointment of Mr. William W. Wiles as S e c r e t a r y of the Board, e f f e c t i v e immediately.

L e t t e r sen t to Commodity Fu tu r e s Trading Commission comment-ing on p roposa l s by t h e Chicago Board of T rade , t h e Chicago M e r c a n t i l e Exchange, and the New York Fu tu r e s Exchange to e s t a b l i s h markets fo r f u t u r e s c o n t r a c t s t h a t s p e c i f y d e l i v e r y of E u r o d o l l a r s .

Da l las Bant ex Bancsha res , I n c . , Houston, Texas , ex tens ion of time t o Ju ly 18, 1981, wi th in which to consummate the a c q u i s i t i o n of Grea ter Houston Bank, Houston, Texas . JL/

San C a l i f o r n i a P a c i f i c Corpora t ion , Bakers f i e l d , C a l i f o r n i a , e x -F r a n c i s c o t e n s i o n of t ime w i t h i n which to become a bank holding company

through a c q u i s i t i o n of 100 percent of the vo t i ng s h a r e s of American Na t iona l Bank, Bakers f i e l d , C a l i f o r n i a . • 1/

1/ A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted 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, 1931 ^o. 25 2 -

ACTIONS OF THE BOARD-Continued

A t l a n t a CBC Bancorp, I n c . , Cookev i l l e , Tennessee , e x t e n s i o n of time u n t i l September 15, 1981, w i th in vfaich to become a bank holding company through a c q u i s i t i o n of shares of C i t i z e n s Bank, C o o k e v i l l e , Tennessee . \J

A t l a n t a Clayton Bancshares , I n c . , Clayton, Alabama, e x t e n s i o n of time u n t i l September 16, 1981, w i th in which to become a bank hold-ing company through the a c q u i s i t i o n of the Clayton Banking Company, Clay ton , Alabama, and to engage in genera l i n su rance and consumer f inanc ing a c t i v i t i e s . If

Chicago Commercial Chicago Corpora t ion , Chicago, I l l i n o i s , ex tens ion of time to October 7, 1981, w i th in which to become a bank ho ld -ing company through a c q u i s i t i o n of 100 percent of t h e vo t ing shares of Commerical Nat ional Bank of Chicago, Chicago, I l l i n o i s . J.J

A t l a n t a F i r s t Englewood Bank Corp . , Englewood, F l o r i d a , e x t e n s i o n of t ime u n t i l September 25, 1981, w i t h i n which to become a bank holding company through a c q u i s i t i o n of Englewood Bank and T r u s t , Englewood, F l o r i d a . \J

A t l a n t a F lo r ida Bankshares , I n c . , Hollywood, F l o r i d a , e x t e n s i o n of time u n t i l September 15, 1981, w i t h i n Wiich to consummate the o rder g r a n t i n g approval to acqu i re The F i r s t Nat ional Bank of Sebr ing , Sebr ing , F l o r i d a . If

Chicago IDA GROVE BANCSHARES, INC., Ida Grove, Iowa, e x t e n s i o n of time t o August 3 , 1981, w i th in trfiich to become a bank hold ing company through the a c q u i s i t i o n of 95 percent or more of the v o t i n g s h a r e s of Ida County S t a t e Bank, Ida Grove, Iowa. 1/

Da l l a s Nat ional Bancshares Corpora t ion of Texas, San Antonio, Texas, ex tens ion of t ime to September 11, 1981, w i th in which to consummate the a c q u i s i t i o n of Republic National Bank of A u s t i n , A u s t i n , Texas . 1/

Kansas C i ty ONB Bancorp, I n c . , Chickasha, Oklahoma, e x t e n s i o n of time to September 12, 1981, w i th in v*iich to consummate the a c q u i s i t i o n of Oklahoma Nat ional Bank and Trus t Company, Chickasha, Oklahoma. If

Cleveland Peoples Bancorp, I n c . , M a r i e t t a , Ohio , e x t e n s i o n of time w i t h i n which to acqu i r e The F i r s t Na t iona l Bank of Caldwel l , Caldwel l , Ohio. 1/

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


H.2, 1981 No. 25 - 3 -

ACTIONS OF THE BOARD-Cont inued

San BankAmerica I n t e r n a t i o n a l , San F r a n c i s c o , C a l i f o r n i a , e x -F ranc i s co t e n s i o n of time in which to e s t a b l i s h a branches in A t l a n t a ,

Georgia ; Boston, Massachuse t t s and S t . Lou i s , Missour i . J7

Cleveland C i t i z e n s S t a t e Bank, S i l v e r t o n , Ohio, ex tens ion of t ime wi th in which to e s t a b l i s h a branch a t F i e l d s E r t e l and Montgomery Roads, Somerset , Ohio. \J

Chicago Hendricks County Bank and Trus t Company, Brownsbury, I n d i a n a , to i n v e s t in bank premises . 1/

A t l a n t a Coas ta l Bank, H i n e s v i l l e , Georg ia , proposal to merge wi th long S t a t e Bank, Ludowici, Georgia ; r e p o r t t r a n s m i t t e d to t he Federa l Deposi t Insurance Corpora t ion on can pet i t ive f a c t o r s . V

A t l a n t a F i r s t Na t iona l Bank of Cobb County, M a r i e t t a , Georg ia , proposed merger with In te r im Cobb Bank, M a r i e t t a , Georgia ; r e p o r t t r a n s m i t t e d to the Comptrol le r of the Currency on compet i t ive f a c t o r s . _1/

Chicago Jackson S t a t e Bank and Trus t Company, Maquoketa, Iowa, a p p l i -c a t i o n fo r p r io r approval to merge with JSB S t a t e Bank and T r u s t Company, Maquoketa, Iowa, under the c h a r t e r of JSB Bank and T r u s t Company, and the t i t l e of Jackson S t a t e Bank and T r u s t Company, Maquoketa, Iowa; r e p o r t t r ansmi t t ed to the Fede ra l Deposi t Insurance Corpora t ion on compe t i t i ve f a c t o r s . 1/

Dal la s Josey Na t iona l Bank, C a r r o l I t o n , Texas, proposed merger w i th C a r r o l l t o n F i r s t Na t iona l Bank, C a r r o l l t o n , Texas; r e p o r t t r a n s m i t t e d to the Comptrol ler of .the Currency on compet i t ive f a c t o r s . J 7

Chicago Mt. Zion S t a t e Bank, Mount Zion, I l l i n o i s , a p p l i c a t i o n f o r p r i o r approval to merge with MZB Bank, Mount Zion, I l l i n o i s , under the c h a r t e r of MZB Bank, and t i t l e of Mt. Zion S t a t e Bank, Mount Z ion , I l l i n o i s ; r e p o r t t r a n s m i t t e d to t h e Fede ra l Deposit Insu rance Corpora t ion on compet i t ive f a c t o r s . 1/

Da l l a s Republic Na t iona l Bank of Aus t in , A u s t i n , Texas, proposed merger wi th Republ ic Bank of Commerce, N.A. , Aus t i n , Texas; r epo r t t r a n s m i t t e d to t h e Comptroller of t h e Currency on compe t i t i ve f a c t o r s . 1/

JL/ Appp l i ca t i on processed on behalf of the Board of Governors under de legated a u t h o r ! t y .

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

H.2, 1981 No. 25 4 -


Chicago Roscommon S t a t e Bank, Roscommon, Michigan, a p p l i c a t i o n fo r p r io r approval to merge with RSB S t a t e Bank, Roscommon, Michigan, under the c h a r t e r of The Roscommon S t a t e Bank, Roscommon, Michigan, and the t i t l e of The Roscommon S t a t e Bank, Roscommon, Michigan; r e p o r t t r ansmi t t ed to the Federal Deposit Insurance Corpora t ion on compet i t ive f a c t o r s . _L/

Chicago SNB Bank and T r u s t , B a t t l e Creek, Michigan, a p p l i c a t i o n fo r p r io r approval to merge with DBT S t a t e Bank, B a t t l e Creek, Michigan, under the c h a r t e r of SNB Bank and T r u s t , B a t t l e Creek, Michigan, and the t i t l e of SNB Bank and T r u s t , B a t t l e Creek, Michigan; r epo r t t r a n s m i t t e d to the Federal Deposi t Insurance Corpora t ion on compe t i t i ve f a c t o r s . \J

Chicago S t a t e Bank of Woodstock, Woodstock, I l l i n o i s , a p p l i c a t i o n for p r io r approval to merge with SBW Bank of Woodstock, Woodstock, I l l i n o i s , under the c h a r t e r of SBW Bank of Woodstock, Woodstock, I l l i n o i s , and the t i t l e of The S t a t e Bank of Woodstock, Woodstock, I l l i n o i s ; r e p o r t t r ansmi t t ed to the Federa l Deposit Insurance Corpora t ion on compe t i t i ve f a c t o r s . j y

A t l a n t a Sun Bank of J a c k s o n v i l l e , J a c k s o n v i l l e , F l o r i d a , proposed merger wi th Beach Guaranty Bank, J a c k s o n v i l l e Beach, F l o r i d a ; r epo r t t r a n s m i t t e d to the Federa l Deposi t Insurance Corpora t ion on compe t i t i ve f a c t o r s . 1/

Richmond V i r g i n i a Nat iona l Bank, Nor fo lk , V i r g i n i a , proposed merger with Old Colony Bank and Trus t Company of Wil l iamsburg, Wil l iamsburg , V i r g i n i a ; r e p o r t t r a n s m i t t e d to the Comptrol le r of the Currency on compe t i t ive f a c t o r s . V

1/ A p p l i c a t i o n a u t h o r i t y .

processed on behalf of the Board of Governors under de legated


H.2 , 1981 No. 25 5 -

Minneapo l i s

Kansas C i t y


To Become a Member of the F e d e r a l Reserve System P u r s u a n t t o S e c t i o n 9 of t h e F e d e r a l Reserve Act

Approved New Montana Bank, Grea t F a l l s , Montana. J L /

R i v e r t o n S t a t e Bank, R i v e r t o n , Wyoming. 1/

v* * * * *

I s s u e d I n t e n t Not to Disapprove Change of C o n t r o l Pu r suan t t o Change i n Bank C o n t r o l Act of 1978

Not Disapproved Minneapo l i s Greenbush B a n c s h a r e s , I n c . , Greenbush, Minneso ta . 1/

M i n n e a p o l i s The Harlem C o r p o r a t i o n , Har lem, Montana. JL/

Kansas C i t y T o r r i n g t o n N a t i o n a l Company, T o r r i n g t o n , Wyoming. J J

* * * * *

Minneapo l i s

To Merge Pu r suan t t o S e c t i o n 18(c) of t h e F e d e r a l Depos i t I n s u r a n c e A c t .

Approved F i r s t I n t e r s t a t e Bank of Grea t F a l l s , Grea t F a l l s , Montana,

to merge w i t h New Montana Bank, G r e a t F a l l s , Montana. 1/

* * * * *

Bos ton

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

Approved The C o n n e c t i c u t Bank and T r u s t Company, H a r t f o r d , C o n n e c t i c u t ,

t o e s t a b l i s h a branch in the v i c i n i t y of the i n t e r s e c t i o n of t h e i n t e r s e c t i o n of G i s e l l a Avenue and Main S t r e e t , Trumbul l , C o n n e c t i c u t . 1/

1/ A p p l i c a t i o n p rocessed 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 .

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

H.2 , 1981 No. 25 — 6 —


New York The Bank of New York, New York, New York, t o e s t a b l i s h an o f f s i t e e l e c t r o n i c f a c i l i t y 167 f e e t south of t h e s o u t h e a s t c o r n e r of the i n t e r s e c t i o n of Delaware Avenue and Nash Road, V i l l a g e of Kenmore, E r i e County , New York. JL/

P h i l a d e l p h i a Gi ra rd Bank, Bala Cynwyd, P e n n s y l v a n i a , t o e s t a b l i s h a branch o f f i c e t o be l o c a t e d a t t h e V i l l a g e S h i r e s Shopping Cen te r Buck and Eas t Holland Roads, H o l l a n d , P e n n s y l v a n i a . 1/

P h i l a d e l p h i a G i ra rd Bank, Bala Cynwyd, Pennsylvania , 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 the fo l lowing l o c a t i o n s : Cheyney S t a t e C o l l e g e , Cheyney, Pa; 1201 West Ches t e r P i k e , West C h e s t e r , Pa; 1500 G a r r e t Road, Upper Darby, Pa; D e l a i r e Landing , 9456 S t a t e Road, P h i l a d e l p h i a , P a . and The Shop R i t e S t o r e , F r a n k f o r t Avenue and Knopp S t r e e t , P h i l a d e l p h i a , P a . 1/

San Utah Independent Bank, S a l i n a , Utah , t o e s t a b l i s h a branch F r a n c i s c o o f f i c e to be l o c a t e d i n Beaver , Beaver County, U tah . _1/

San F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , t o e s t a b l i s h a branch F r a n c i s c o o f f i c e i n t h e v i c i n i t y of t h e i n t e r s e c t i o n of F o o t h i l l

Boulevard and Che l sea D r i v e , City of La Verne, Los Ange le s , C a l i f o r n i a . 1/

* * * * *

A p p l i c a t i o n s and n o t i f i c a t i o n s for I n t e r n a t i o n a l I n v e s t -ments and o t h e r Act ions Pur suan t to S e c t i o n 25 and 25(a ) of t h e 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 ) of t he Bank Holding Company Act of 1956, as amended

Approved New York C i t i c o r p , New York, New York: g r a n t s consent to o p e r a t e i t s

i t s s u b s i d i a r y , C i t i c o r p Overseas F inance C o r p o r a t i o n N.V. , Curacao , N e t h e r l a n d s A n t i l l e s ( " F i n a n c e " ) , pu r suan t t o S e c t i o n 4 ( c ) (13) of R e g u l a t i o n Y and to make a d d i t i o n a l i n -ves tments i n F inance and t h a t any such a d d i t i o n a l i n v e s t m e n t s w i l l r e s u l t in the r e d u c t i o n of the c a p i t a l and s u r p l u s of C i t i c o r p Over seas F inance C o r p o r a t i o n L i m i t e d , T o r t o l a , B r i t i s h V i r g i n I s l a n d s in a co r respond ing amount.

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


H.2 , 1981 No. 25 — 7

ACTIONS OF THE BOARD-Cont inued

Richmond F i r s t Maryland I n t e r n a t i o n a l Banking C o r p o r a t i o n , Ba l t imore , Maryland: for a f i n a l permit to begin b u s i n e s s . 1/

San NBA I n t e r n a t i o n a l Banking C o r p o r a t i o n , S e a t t l e , Washington, F r a n c i s c o a whol ly owned Edge Act s u b s i d i a r y of N a t i o n a l Bank of A laska ,

Anchorage, A laska : i s s u e d f i n a l pe rmi t to begin b u s i n e s s . If

S i x t y Day N o t i f i c a t i o n Pe r iod Allowed t o Exp i r e C i t i c o r p Overseas Inves tment C o r p o r a t i o n , Wilmington, Delaware :

no o b j e c t i o n to a c q u i r e a d d i t i o n a l s h a r e s of i t s wholly-owned s u b s i d i a r y , F a m i c r e d i t , D i j o n , F r ance .

* * * * *

CIeve land

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

Approved M e t r o p o l i t a n Bancorp , I n c . , Lima, Ohio , for approva l to ac-

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 merger t o The M e t r o p o l i t a n Bank of Lima, Ohio , Lima, Ohio. 1/

Richmond

A t l a n t a

At l a n t a

One Va l l ey Bancorp of 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 approva l to a c q u i r e 100 percen t of 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 Kanawha Val ley Bank, N.A. , C h a r l e s t o n , West V i r g i n i a . J J

Guaranty Bancorp, Zachary, L o u i s i a n a , f o r approval to a c q u i r e a t l e a s t 80 percen t of t h e v o t i n g s h a r e s of Guaran ty Bank & T r u s t Company, Zachary, L o u i s i a n a . J J

LaFourche B a n c s h a r e s , I n c . , L a r o s e , L o u i s i a n a , for approva l 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 the v o t i n g s h a r e s of South LaFourche Bank & T r u s t Company, L a r o s e , L o u i s i a n a . 1/

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


H.2 , 1981 No. 25 - 8


Chicago Metro Bancorp, I n c . , Farmington H i l l s , Michigan, f o r ap-n r n u a 1 hzx -^^,4v-^ mn Qf t h e v o t i n g s h a r e s ( l e s s

>f the s u c c e s s o r by merger

• v i v ua lie vi p j i. ii v • y i aillli I ljt̂ Lull f i l l lo ^ l i JL V11 d il y l U i dp p rova 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 ( 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 M e t r o p o l i t a n N a t i o n a l Bank of Farmington, Farmington H i l l s , M i z>ii i fy«n 1 /

Chicago S t e e l e BanCorp. , Cherokee, Iowa, f o r approval to a c q u i r e a t l e a s t 93 percen t of t h e v o t i n g s h a r e s of The S t e e l e S t a t e Bank, Cherokee, Iowa. \J

S t . Louis F i r s t Bunker H i l l B a n c s h a r e s , I n c . , Bunker H i l l , I l l i n o i s , f o r approva l to a c q u i r e a t l e a s t 51 .2 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 of Bunker H i l l , Bunker H i l l , I l l i n o i s . J L /

M inneapo l i s Minnehaha Banshar e s , I n c . , Sioux F a l l s , South Dakota , f o r approva l to a c q u i r e a t l e a s t 80 pe rcen 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 in Sioux F a l l s , Sioux F a l l s , South Dakota . J L /

Minneapo l i s Walker Ban Co. , Walker, Minneso ta , for appvoval to a c q u i r e a t l e a s t 80 .05 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 of Walker, Walker, Minneso ta . J J

Minneapo l i s Winthrop B a n c s h a r e s , I n c . , Winthrop, Minneso ta , f o r approval to a c q u i r e a t l e a s t 84 pe rcen t of t h e v o t i n g s h a r e s of Winthr op S t a t e Bank, Winthr op, Minneso ta . JL/

Kansas C i t y Eaton C a p i t a l C o r p o r a t i o n , Loup C i t y , Nebraska , for approva l 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 The Eaton Bank, Ea ton , Co lo rado . I./

Kansas C i t y H a r r i s o n v i l l e Bancsha re s , I n c . , H a r r i s o n v i l l e , M i s s o u r i , f o r approva l to a c q u i r e a t l e a s t 91 percen t of t h e v o t i n g s h a r e s of the A l l e n Bank and T r u s t Company, H a r r i s o n v i l l e , M i s s o u r i . J J

Kansas C i t y H i l l t o p B a n c s h a r e s , I n c . , Bennington , Nebraska , 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 of Bank of Benning ton , Bennington , Nebraska . \J

Kansas C i t y Kingman County F i n a n c i a l Corp. , Norwich, Kansas , for approva l t o a c q u i r e 81 .8 p e r c e n t of the v o t i n g s h a r e s of The Farmers S t a t e Bank of Norwich, Kansas , Norwich, Kansas . 1/

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

I


H.2, 1981 No. 25 - 9 -

ACTIONS OF THE BOARD-Contiaued

Kansas Ci ty SPRINGFIELD Bank Company, I n c . , S p r i n g f i e l d , Nebraska, f o r ap-prova l to acqu i r e a t l e a s t 96 .6 percent of t h e v o t i n g sha res of the S p r i n g f i e l d S t a t e Bank, S p r i n g f i e l d , Nebraska. \J

Dal las C i t i z e n s S t a t e F i n a n c i a l Corpo ra t i on , C o r r i g a n , Texas , for ap-proval t o a cqu i r e 100 percent of the vo t ing s h a r e s of The C i t i z e n s S t a t e Bank, C o r r i g a n , Texas, C o r r i g a n , Texas . 1/

* * * * *

To Expand a Bank Holding Company Pursuant to Sec t i on 3 ( a ) ( 3 ) of t h e Bank Holding Company Act of 1956

Approved Chicago Community Banks, I n c . , Middle ton, Wisconsin, for approval t o

a c q u i r e a t l e a s t 90 percen t of the vo t ing s h a r e s of The American Exchange Bank of Madison, Wisconsin, Madison, Wiscons in . JL/

Chicago Hawkeye Bancorpo ra t i on , Des Moines, Iowa, f o r approval to ac-q u i r e 100 percent of t h e v o t i n g sha re s of the successor by by merger to Jackson S t a t e Bank and Trus t Company, Maquoketa, Iowa. J 7

Da l l a s Southwest Bancshares , I n c . , Houston, Texas, f o r approval to acqu i re 100 percent of t h e v o t i n g s h a r e s of C o p p e r f i e l d , Nat iona l Bank, H a r r i s County, Texas, a proposed new bank. 1/

* * * * *

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

Withdrawn Chicago The Ind iana Na t iona l C o r p o r a t i o n , I n d i a n a p o l i s , I n d i a n a , for

approval t o acqu i r e 100 percen t of the vo t i ng s h a r e s of Indiana Na t iona l Neighborhood R e v i t a l i z a t ion Corpo ra t i on , I n d i a n a p o l i s , I n d i a n a .

1/ A p p l i c a t i o n processed on behalf of the Board of Governors under de lega ted authori ty .

I 1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.2 , 1981 No. 25 10


Bos ton

New York

Richmond

Kansas C i t y

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 engage i n de novo a c t i v i t i e s ( i n s u r a n c e agency a c t i v i t i e s f o r the s a l e of p rope r ty and c a s u a l t y i n s u r a n c e ) a t 3725 N a t i o n a l D r i v e , R a l e i g h , North C a r o l i n a , t h e new s e r v i c e a r e a would be the Commonwealth of V i r g i n i a , through i t s i n d i r e c t s u b s i d i a r y , Kensington Mortgage and F inance Corp. ( 6 / 1 7 / 8 1 ) 3/

M a n u f a c t u r e r s Hanover C o r p o r a t i o n , New York, New York, n o t i f i c a t i o n of i n t e n t to engage in de novo a c t i v i t i e s ( 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 to s e l l c r e d i t l i f e i n s u r a n c 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 , and p r o p e r t y damage and l i a b l i 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 to such f i n a n c e a c t i v i t i e s ) a t C o r n e l l Drive and Maple Avenue, B r i g h t o n ; Route 202, F lemington ; 29 West White Horse P i k e , B e r l i n ; 2620 Federa l S t r e e t , Camden; 214 Bel levue Avenue, Hammonton; Route 130 and Willow Dr ive , Cinnaminson; 13 Commerce Walk, L a m b e r t v i l l e ; 1638 Kings Highway S t o r e " #4, Cher ry H i l l ; 430 Br id ge ton P i k e , Ma nut a; 285 S. Church S t r e e t , Moorestown; Wil l iamstown and S i c k e r v i l l e Road, S i c k e r v i l l e , Black Horse Pk. and Doughty Road, P l e a s a n t v i l l e ; 38 West Landis Avenue, V ine land ; V i r g i n i a Avenue and Marsden Ave. , Penns Grove; Route 130, Wil l ingfcoro; and 19 S c o t t S t r e e t , R i v e r s i d e ; a l l i n New J e r s e y , th rough i t s s u b s i d i a r y , R i t t e r F inance Company, I n c . of New J e r s e y . ( 6 / 1 6 / 8 1 ) 3 /

Dominion Bankshares C o r p o r a t i o n , Roanoke, V i r g i n i a , n o t i f i c a t i o n of i n t e n t to expand i t s de novo a c t i v i t i e s ( t o i n c l u d e a c t i n g as i n su rance agent or b roke r in the s a l e of c r e d i t l i f e i n s u r -a n c e ; and noneonver t ib le term l i f e i n s u r a n c e r e l a t e d to o r a r i s i n g out of l oans made or c r e d i t t r a n s a c t i o n s ) a t 213 South J e f f e r s o n S t r e e t , Roanoke, V i r g i n i a , th rough i t s s u b s i d i a r y , Dominion Leas ing C o r p o r a t i o n , a s u b s i d i a r y of Dominion Bankshares C o r p o r a t i o n ( 6 / 1 9 / 8 1 ) 3/

Approved S p r i n g f i e l d Bank Company, I n c . , S p r i n g f i e l d , Nebraska , f o r

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 S p r i n g f i e l d I n s u r a n c e Agency, S p r i n g f i e l d , Nebraska .

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


H.2 , 1981 No. 25 - 11 -


P e r m i t t e d Boston 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 engage in de novo a c t i v i t i e s ( t o engage in consumer f i n a n c e ) a t 7 North Brentwood Bou leva rd , C l a y t o n , M i s s o u r i , t h rough i t i n d i r e c t s u b s i d i a r y , Mortgage A s s o c i a t e s , I n c . ( 6 / 1 9 / 8 1 ) 3 /

Boston 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 engage i n de novo a c t i v i t i e s ( t h e o r i g i n a t i o n and s a l e of r e s i d e n t i a l mor tgages , t h e s e r v i c i n g of r e s i d e n t i a l mortgage loans and i n s u r a n c e agency a c t i v i t i e s f o r the s a l e of 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 an e x t e n s i o n of c r e d i t ) a t 344 South Laura , Wich i t a , Kansas , through i t s i n d i r e c t s u b s i d i a r y , Mortgage A s s o c i a t e s , I n c . ( 6 / 1 9 / 8 1 ) 3/

Boston 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 engage i n de novo a c t i v i t i e s ( t h e o r i g i n a t i o n and s a l e of r e s i d e n t i a l mor tgages , t h e s e r v i c i n g of r e s i d e n t i a l mortgage loans and i n s u r a n c e agency a c t i v i t i e s f o r the s a l e of 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 an e x t e n s i o n of c r e d i t ) a t 2833 Mi l ton Avenue, J a n e s v i l l e , Wiscons in , through i t s i n d i r e c t s u b s i d i a r y , Amortized Mor tgages , I n c . ( 6 / 1 9 / 8 1 ) 3/

Boston 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 engage i n de novo a c t i v i t i e s ( t h e o r i g i n a t i o n , s a l e and s e r v i c i n g of mobi le home l o a n s , and 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 of 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 so ld 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 and for t he s a l e of 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 o f f e r e d in c o n n e c t i o n w i t h e x t e n s i o n s of c r e d i t ) a t 5286 South 320 West, Murray, U t a h , through i t s i n d i r e c t s u b s i d i a r y , Kens ing ton Mortgage and F inance Corp. ( 6 / 1 9 / 8 1 ) 3/

Boston 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 engage i n de novo a c t i v i t i e s (consumer f i n a n c e and i n s u r a n c e agency a c t i v i t i e s f o r the s a l e of 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 an e x t e n s i o n of c r e d i t ) a t 522 Seventh S t r e e t , Rac ine , Wiscons in , through i t i n d i r e c t s u b s i d i a r y , Mortgage A s s o c i a t e s , I n c . ( 6 / 1 9 / 8 1 ) 3/

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p roces sed 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 , 1981 No. 25 - 12 -


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 pe rmis s ion 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 in t h e 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 , pu rchas ing 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 o r 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, Greensboro , North C a r o l i n a t o 2300 West Meadowview Road, Greensboro , Nor th C a r o l i n a , th rough 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 . ( 6 /14 /81 ) 3 /

New York C i t i c o r p , New York, New York, r e q u e s t s pe rmis s ion to e s t a b l i s h a de novo o f f i c e engag ing 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 oans to f o r e i g n companies w i th 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 L t d . ( 6 / 1 4 / 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 pe rmiss ion 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 engaging 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 of loans and o ther ex -t e n s i o n s of 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 ; t h e e x t e n s i o n s of l oans 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 ; 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 t h e case of s i n g l e payment l o a n s ) term l i f e i n su rance 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 of 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 rope r ty s u b j e c t to a s e c u r i t y agreement wi th 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 , of 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 ; and t h e s e r v i c i n g , f o r any pe r son , of l oans and o ther e x t e n s i o n s of c r e d i t ; t h e expansion of t he 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 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 be w r i t t e n by Family Guard ian 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 172 3 Hewit t Avenue, E v e r e t t , Washington, th rough 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 . ( 6 / 1 4 / 8 1 ) 3 /

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


H.2 , 1981 No. 25 - 1 3 -


New York C i t i c o r p , New York, New York, r e q u e s t s permiss ion to e s t a b l i s h 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 ( t h e making or acqu i r ing of loans and o the r ex tens ions of c r e d i t , secured or unsecured , for consumer and o the r purposes ; t h e expansion of loans to d e a l e r s fo r the f inanc ing of inventory ( f l o o r p lann ing) and working c a p i t a l purposes ; the purchas ing 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 inance c o n t r a c t s ; t he s a l e of c r e d i t r e l a t e d l i f e and acc ident and h e a l t h or dec reas ing or l eve l ( i n the case of s i n g l e payment loans ) term l i f e i n su rance by l i censed agents or b rokers as r e q u i r e d ; the s a l e of c r e d i t r e l a t e d p rope r ty and casua l ty insu rance pro-t e c t i n g r e a l and pe r sona 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 I n d u s t r i a l Loan Company, to 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 su rance 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 , f o r i t s own account or for the account of o t h e r s , of f i r s t mortgage loans secured by r e s i d e n t i a l or canmerical p r o p e r t i e s ; and the s e r v i c i n g , for any p e r s o n , of loans and other ex tens ions of c r e d i t ; the s e r v i c e a rea of the 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 insurance may be w r i t t e n by Family Guardian L i f 6 Insurance 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 Hewit 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 (Domestic) (6 /14 /81) J3/

New York C i t i c o r p , New York, New York, r e q u e s t s permission to expand t h e s e r v i c e a r ea of an e x i s t i n g o f f i c e engaging in the fol lowing a c t i v i t i e s (making or a c q u i r i n g of loans and other ex tens ions of c r e d i t , secured or unsecured , f o r consumer and o the r pur-poses; t he ex t ens ions of loans to d e a l e r s for the f i n a n c i n g of inventory ( f l o o r p lanning) and working c a p i t a l purposes ; the pu rchas ing and s e r v i c i n g for i t s own account of s a l e s f inance 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 acc iden t and h e a l t h or dec reas ing or l e v e l ( i n the case of s i n g l e payment loans ) term l i f e insurance by l i censed agents or b roke r s as r e q u i r e d ; the s a l e of c r e d i t r e l a t e d proper ty and c a s u a l t y insurance p r o t e c t i n g r ea l and persona l proper ty s u b j e c t to a s e c u r i t y agreement with C i t i c o r p Person-1o-Person F i n a n c i a l Center (Domest ic) , t o the ex ten t pe rmis s ib l e under a p p l i c a b l e S t a t e insurance laws and r e g u l a t i o n s ; the making of loans to i n d i v i d u a l s and bus inesses to f i nance t h e purchase of mobile homes, modular u n i t s or r e l a t e d manufactured hous ing , t o g e t h e r w i th the real p rope r ty to which such housing i s o r w i l l be permanently a f f i x e d , such

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 de lega ted a u t h o r i t y .


H.2, 1981 No. 25 - 14 -


proper ty be ing used as s e c u r i t y fo r the loans ; and the s e r v i c i n g , for any person , of loans and other ex tens ions of c r e d i t ; the p rev ious ly approved s e r v i c e area 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 inc lude the e n t i r e S t a t e of Wyoming; except t h a t t h i s a p p l i -c a t i o n would not expand the s e r v i c e area for the sa l e of c r e d i t r e l a t e d p rope r ty and c a s u a l t y insurance ; 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 insuance may be w r i t t e n by Family Guardian L i f e Insurance Company, an a f f i l i a t e of C i t i c o r p Pe r son - to -Pe r son F i n a n c i a l Center) a t 3828 South Main, S u i t e 201, S a l t Lake C i t y , Utah, through i t s s u b s i d i a r y , C i t i c o r p Pe r son - to -Pe r son F i n a n c i a l Center (Domestic) (6 /14 /81 ) 3/

New York Manufacturers Hanover Corpora t ion , New York, New York, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s (purchas ing i n s t a l l m e n t s a l e s f inance c o n t r a c t s , and t o s e l l c r e d i t l i f e i n s u r a n c e , acc iden t and h e a l t h i n s u r a n c e , and proper ty damage and l i a b i l i t y insurance d i r e c t l y r e l a t e d to such f i a n c e a c t i v i t i e s ) a t Co rne l l Drive and Maple Avenue, Br idge ton; Route 202, Flemington; 29 West White Horse P ike , B e r l i n ; 2620 Federa l S t r e e t , Camden; 214 Bel levue Avenue, Hammonton; Route 130 and Willow Dr ive , Cinnaminson; 13 Commerce Walk, L a m b e r t v i l l e ; 1638 Kings Highway Store #4, Cherry H i l l ; 430 Bridge ton P ike , Mantua; 285 S. Church S t r e e t , Moorestown; Williamstown and S i c k e r v i l e Road, S i c k e r v i l l e ; Black Horse Pk. and Doughty Road, P l e a s a n t -v i l l e ; 38 West Landis Avenue, Vine land; V i r g i n i a Avenue and Madison Ave. , Penns Grove; Route 130, Wil l ingboro ; and 19 Sco t t S t r e e t , R i v e r s i d e ; a l l in New J e r s e y , through i t s s u b s i d i a r y , R i t t e r Finance Company, I n c . of New Je r sey (6 /17/81) 3/

Richmond Dominion Bankshares Corpo ra t i on , Roanoke, V i r g i n i a , n o t i f i c a t i o n of i n t e n t to expand i t s de novo a c t i v i t i e s ( t o inc lude a c t i n g as insurance agent or broker in the s a l e of c r e d i t l i f e i n s u r -ance; and none on ve r t ib le term l i f e insurance r e l a t e d to o r a r i s i n g out of loans made or c r e d i t t r a n s a c t i o n s ) a t 213 South J e f f e r s o n S t r e e t , Roanoke, V i r g i n i a , through i t s s u b s i d i a r y , Dominion Leasing Corpora t ion , a s u b s i d i a r y of Dominion Bankshares S e r v i c e s (6 /19/81) 3/

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 de lega ted a u t h o r i t y .


H. 2 , 1981 No. 25 - 15 -

ACTIONS OF THE BOARD-Contiaued

Richmond The Wachovia Corpo ra t i on , Winston-Salem, North 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 to engage in de novo a c t i v i t i e s ( the o r i g -i n a t i o n and p rocess ing of r e s i d e n t i a l , c o n s t r u c t i o n , develop-ment and income proper ty mortgage loans ; the purchase and s a l e or placement of mortgage loans ; the a d m i n i s t r a t i o n and s e r v i c i n g of mortgage loans ; t h e management and s a l e of p r o p e r t i e s acquired through f o r e c l o s u r e or t r a n s f e r s in l ieu of f o r e c l o s u r e ; and a c t i n g as agent for c r e d i t l i f e and c r e d i t acc iden t and h e a l t h insurance and f o r p roper ty and c a s u a l t y insurance r e l a t e d to ex tens ions of c r e d i t ) a t 400 Eas t Main S t r e e t , E l i z a b e t h C i t y ; 1505 South York Road, Gas ton ia ; and 139 West Walnut S t r e e t , Goldsboro, North C a r o l i n a , through i t s s u b s i d i a r y , Wachovia Mortgage Company (6 /20 /81) 3/

A t l a n t a P l a n t e r s Bancshares , I n c . , Opelousas , Lous iana , 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 ( i n l e a s i n g of heavy equipment , p r i m a r i l y for o i l f i e l d u s e ) a t 102-C Sheppard Drive , L a f a y e t t e , L o u i s i a n a , through a s u b s i d i a r y , P l a n t e r s Bancshares Leas ing , I n c . (6 /16 /81) 3/

Kansas Ci ty Omaha Na t iona l Co rpo ra t i on , Omaha, Nebraska , 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 (mortgage banking a c t i v i t i e s ; a t 555 N. McClean, Wichi ta , Kansas, t h e geographic a r e a to be served by the Wich i ta o f f i c e inc ludes the a rea w i t h -in a 100 mile r a d i u s of Wich i ta , Kansas, exc lud ing any area of the S t a t e of Oklahoma, through i t s s u b s i d i a r y , Real banc, I n c . (6 /19 /81) 3/

San BankAmerica Corpora t ion , 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 ranc i s co 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 loans and o the r ex tens ions of c r e d i t such as would be made or acquired by a f i nance company; s e r v i c i n g loans and o the r ex tens ions 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 insurance 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 insurance ; such a c t i v i t i e s w i l l i nc lude , 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 loans , purchas ing i n s t a l l m e n t s a l e s f inance c o n t r a c t s , making loans and other ex tens ions of c r e d i t to small b u s i n e s s e s , making loans secured by r e a l and persona 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 insu rance d i r e c t l y r e l a t e d to ex tens ions of c r e d i t made or acquired by FinanceAmerica Corpora t ion) from 5403 East Drive , Arbutus , Maryland to Lakefr •• x 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 the e n t i r e s t a t e of Mary-l and , through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Cor-p o r a t i o n (a Maryland Corpora t ion) (6 /15/81) 3/

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Resrve Bank on behal f of the Board ~~ of Governors under de lega ted a u t h o r i t y .


H.2 , 1981 No. 25 — 16 —


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 r a n c i s c o 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 loans 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 make or acqu i red by a f i n a n c e company; s e r v i c i n g such 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 , 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 su rance and c r e d i t - r e l a t e d p r o p e r t y 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 , pu rchas ing i n s t a l l -ment 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 of c r e d i t to smal l b u s i n e s s e s , making loans 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 , a c c i d e n t and h e a l t h and p r o p e r 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 to e x t e n s i o n s of c r e d i t made or acqu i red by FinanceAmerica C o r p o r a t i o n ) a t 402 Gammon P l a c e , Madison, Wiscons in , s e r v i n g the s t a t e of Wiscons in , through i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica C o r p o r a t i o n (a Wisconsin C o r p o r a t i o n ) ( 6 / 1 9 / 8 1 ) 37

San 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 Ange le s , C a l i f o r n i a , n o t i f i -F r a n c i s c o 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 , loans and 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 making consumer i n s t a l l m e n t pe r sona l l oans , pu rchas ing 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 loans t o small 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 18552 MacArthur Bou leva rd , 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 b f 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 , t h rough 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 Bus iness Center I n c . ( 6 / 1 6 / 8 1 ) 3 /

San 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 F r a n c i s c o 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 oans 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 secured o r u n s e c u r e d , for i t s own account or for t h e account of o t h e r s , i n c l u d i n g , bu t not l i m i t e d t o , com-m e r c i a l , r e d i s c o u n t , i n s t a l m e n t s a l e s c o n t r a c t s and o the r forms of r e c e i v a b l e s , and l e a s i n g of pe r sona l p r o p e r t y and equipment in conformance with t h e p r o v i s i o n s of Sec t i on 2 2 5 . 4 ( a ) ( 1 ) and ( 3 ) , and 2 2 5 . 4 ( a ) ( 6 ) ( a ) of R e g u l a t i o n Y) a t C i t y Center S q u a r e , S u i t e 1400, 1100 -Main S t r e e t , Kansas C i t y , M i s s o u r i , t h e g e o g r a p h i c a r e a to be served by t h e proposed o f f i c e i n c l u d e s t h e S t a t e of M i s s o u r i , Kansas and the n o r t h e a s t e r n s e c t i o n of Oklahoma, through i t s s u b s i d i a r y , U. S. Bancorp F i n a n c i a l , I n c . ( 6 / 1 9 / 8 1 ) 3/

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n p rocessed by Reserve Bank on behalf 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. 25 - 17 -

APPLICATIONS RECEIVED

To E s t a b l i s h a Domestic Branch Pursuant to Sec t ion 9 of the Federa l Reserve Act

Boston The Connect icu t Bank and Trus t Company, H a r t f o r d , Connec t icu t . To e s t a b l i s h a branch a t the n o r t h e a s t corner of Holmes S t r e e t and East Main S t r e e t , S ton ing ton , Connec t i cu t . 2 j

Cleveland Ohio C i t i z e n s Bank, Toledo, Ohio. To e s t a b l i s h a branch a t R e t a i l Concourse of One SeaGate Cen te r , (world h e a d q u a r t e r s of Owens-I l l i n o i s ) , Toledo, Lucas County, Ohio. 2/

San Idaho S t a t e Bank, Glenns F e r r y , Idaho. Branch to be e s t a b l i s h e d F ranc i s co a t F a i r f i e l d , Camas County, Idaho. 2/

San F i r s t I n t e r s t a t e Bank of C a l i f o r n i a , Los Angeles , C a l i f o r n i a . F r a n c i s c o Branch o f f i c e in the v i c i n i t y of the i n t e r s e c t i o n of H i l l and

Alpine S t r e e t s , City of Los Angeles , C a l i f o r n i a . 2/

* * * * *

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 Act ions Pursuant to Sec t i ons 25 and 25(a) of the Federa l Reserve Act and Sec t ions 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, as amended

New York The Bank of New York I n t e r n a t i o n a l I n c o r p o r a t e d , New York, New York: r e q u e s t s a f i n a l permit a u t h o r i z i n g the i n i t i a t i o n of o p e r a t i o n s of The Bank of New York I n t e r n a t i o n a l I nco r -p o r a t e d , New York, New York.

Richmond F i r s t Maryland I n t e r n a t i o n a l Banking Corpora t ion , Ba l t imore , Maryland: r eques t for a f i n a l permit to begin b u s i n e s s .

San NBA I n t e r n a t i o n a l Banking Corpora t ion , S e a t t l e , Washington, F r anc i s co a wholly owned Edge act s u b s i d i a r y of Na t iona l Bank of Alaska,

Anchorage, Alaska: r e q u e s t f o r f i n a l permit to begin bus ine s s .

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 : p r i o r n o t i -F r a n c i s c o f i c a t i o n of i t s i n t e n t to make an a d d i t i o n a l investment in i t s

i n d i r e c t s u b s i d i a r y , FinanceAmerica Canada L imi ted .

2/ A p p l i c a t i o n sub jec t to Community Reinvestment Act . 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 Reserve Bank may be con t ac t ed

as to the l eng th of the comment p e r i o d .


H.2, 1981 No. 25 18

APPLICATIONS RECEIVED-Continued

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

P h i l a d e l p h i a York Bancorp, York, Pennsy lvan ia , f o r approval to acqu i re 100 percent of t h e v o t i n g s h a r e s of The York Bank and Trus t Company, York, Pennsy lvan ia . 2/

A t l a n t a F i r s t Pu lask i Nat iona l C o r p o r a t i o n , P u l a s k i , Tennessee , f o r approval to a c q u i r e 100 percent of the vo t ing sha re s of F i r s t Na t iona l Bank of P u l a s k i , P u l a s k i , Tennessee . 2/

A t l a n t a The I n t e r n a t i o n a l Bank-Holding Company of F l o r i d a , N.V. , Ne the r l ands A n t i l l e s and The I n t e r n a t i o n a l Bank of F l o r i d a , I n c . , South Miami, F l o r i d a , f o r approval to acqu i r e a t l eas t 80 percent of t h e v o t i n g s h a r e s of The I n t e r n a t i o n a l Bank of Miami, Nat iona l A s s o c i a t i o n , South Miami, F l o r i d a . 2/

Chicago Bel le P l a i n e Serv ice Corp . , Des Moines, Iowa, f o r approval to acqui re a t l e a s t 81.9 percent of t h e v o t i n g sha re s of C i t i z e n s S t a t e Bank, Bel le P l a i n e , Iowa. 2/

Chicago Greene Investment Co. , Coon Rapids , Iowa, for approval to ac -q u i r e a t l e a s t 80 percent of the v o t i n g sha re s of Home S t a t e Bank, J e f f e r s o n , Iowa. 2/

S t . Louis C i t i z ens S t a t e Bankshares of Bald Knob, I n c . , Bald Knob, Arkansas, for approval to a cqu i r e 96 .5 percent of t h e v o t i n g sha res of C i t i z e n s S t a t e Bank, Bald Knob, Arkansas . 2J

Minneapol is Southwest Bancorpora t ion , Minneapol is , Minnesota , for approval to acqu i r e 98 percent of the vo t ing sha re s of F i r s t American S t a t e Bank of Brownsdale, Brownsdale, Minnesota. 2J

Minneapol i s Suburban Bancorpora t ion , I n c . , Eden P r a i r i e , Minnesota, f o r approval to acqu i re a t l e a s t 80. 1 percent of t he v o t i n g sha res of the Suburban Nat ional Bank, Eden P r a i r i e , Minnesota. 2/

Kansas Ci ty Bur chard Bankshares , I n c . , Tecumseh, Nebraska, for approval to a cqu i r e a t l e a s t 99 .1 pe rcen t of the vo t ing s h a r e s of S t a t e Bank of Bur chard, Burchard, Nebraska. 2/

2/ A p p l i c a t i o n subjec t to Community Reinvestment Act . 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 Reserve Bank may be con tac ted as to the length of the comment pe r iod .


H.2, 1981 No. 25 19

APPLICATIONS RECEIVED-Continued

Kansas Ci ty

Kansas Ci ty

Kansas Ci ty

Kansas Ci ty

Kansas Ci ty

Kansas Ci ty

Kansas Ci ty

Kansas Ci ty

* Kansas Ci ty

Dal l a s

The Chugwater Corpora t ion , Chugwater, Wyoming, f o r approval to acqu i r e a t l e a s t 80 percent of t he v o t i n g sha re s of F i r s t Nat ional Bank of Chugwater, Chugwater, Wyoming. 2/

Emerson F i r s t Nat iona l Company, Schuy le r , Nebraska, for ap-proval to a c q u i r e a t l e a s t 95 percent of the vo t ing sha re s of The F i r s t Na t iona l Bank of Emerson, Emerson, Nebraska. 2/

F i r s t Dodge City Bancshares , I n c . , Dodge C i t y , Kansas, f o r ap-proval to a c q u i r e F i r s t Na t iona l Bancshares of Dodge C i t y , I n c . , Dodge C i t y , Kansas and i n d i r e c t l y 80 percent of the v o t i n g s h a r e s of F i r s t Na t iona l Bank and Trus t Company in Dodge C i t y , Dodge C i t y , Kansas. 7 j

For t Gibson Bancshares , I n c . , For t Gibson, Oklahoma, for ap-proval to a cqu i r e a t l e a s t 86 percent of the v o t i n g sha re s of For t Gibson S t a t e Bank, For t Gibson, Oklahoma. 2J

The Moorc ro f t C o r p o r a t i o n , Moorcrof t , Wyoming, 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 sha re s of Moorcrof t S t a t e Bank, Moorcrof t , Wyoming. 2/

Mountain Val ley Bankshares , I n c . , C o n i f e r , Colorado, for ap-proval to acqu i r e 100 percent of the vo t ing s h a r e s of Mountain Val ley Bank, C o n i f e r , Colorado. 2/

Mustang Community Ban Corp . , Mustang, Oklahoma, f o r approval to a cqu 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 Mustang Community Bank, Mustang, Oklahoma. 2/

The Newcast le C o r p o r a t i o n , Newcastle,, Wyoming, for approval to a c q u i r e 80 percent or more of the vot ing s h a r e s of N a t i o n a l Bank of Newcast le , Newcastle, Wyoming. 2J

Pershing Nat ional Bancshares , I n c . , Kansas C i t y , Missour i , f o r approval to acqu i re a t l e a s t 80 percent of t h e v o t i n g sha res of C iv ic Plaza Nat ional Bank of Kansas C i t y , Kansas C i t y , M i s s o u r i . 2J

Bent Tree Bancshares , I n c . , D a l l a s , Texas, f o r approval to ac-q u i r e a t l e a s t 80 percent of t he v o t i n g sha re s of Bent Tree Nat iona l Bank, Addison, Texas . 2/

2 / A p p l i c a t i o n sub jec t to Community Reinvestment Act . 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 Reserve Bank may be con tac t ed as to the l eng th of the comment pe r iod .


H.2, 1981 No. 25 - 2 0 -

APPLICATIONS RECEIVED-Cont inued

Da l l a s City Bancshares , I n c . , Mineral Wells , Texas, f o r approval to acqui re a t l e a s t 80 percent of t he vo t ing shares of The City Nat ional Bank of Mineral Wells , Mineral Wells , Texas. 2/

San Mesa Bancorp, San Diego, C a l i f o r n i a , for approval to acqu i re F r a n c i s c o 100 percent of the vo t ing sha re s of the successor by merger

to C a l i f o r n i a H e r i t a g e Bank, San Diego, C a l i f o r n i a . 2 /

* * * * *

At l an ta

A t l a n t a

S t . Louis

Minneapoli s

Dal las

To Expand a Bank Holding Company Pursuant to Sec t ion 3 ( a ) ( 3 ) of t he Bank Holding Company Act of 1956

C i t i z e n s and Southern Georgia Corpo ra t i on , Savannah, Georgia , f o r approval to r e t a i n 36.2 percent of the ou ts tand ing vot ing s h a r e s of F i r s t Na t iona l Bank of Wauchula, F l o r i d a . 2/

Southwest F l o r i d a Banks, I n c . , Fort Meyers, F l o r i d a , f o r ap-proval to acqu i re 100 percent of t h e v o t i n g sha res of Peoples Bank of Hi l l sborough County, Tampa, F l o r i d a . 2/

Boatmen's Bancshares , I n c . , S t . Louis , Missour i , for approval to a cqu i r e 90 percent or more of the vo t ing sha res of Mountain Grove Na t iona l Bank, Mountain Grove, Missour i . 2/

Dacotah Bank Holding Co. , Aberdeen, South Dakota, f o r approval to acqu i re 100 percent of t h e v o t i n g sha res of t h e Bank of Cresbard , Cresbard , South Dakokta. 2 j

C u l l e n / F r o s t Bankers , I n c . , San Antonio , Texas, for approval to acqu i r e 100 percent of the vo t i ng sha res of North F r o s t Bank, Na t iona l A s s o c i a t i o n , San Anton io , Texas , a proposed new bank. 2/

* * * * *

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

New York The Chase Manhattan C o r p o r a t i o n , New York, New York, r e q u e s t s permiss ion to e s t a b l i s h 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 a c q u i r i n g for i t s own account and f o r the account of o t h e r s , loans and o ther ex tens ions of

2J A p p l i c a t i o n sub jec t to Community Reinvestment Act . 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 Reserve Bank may be con tac ted as to the length of the comment pe r iod .

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

H.2, 1981 No. 25 - 2 1 -

APPLICATIONS RECIEVED-Continued

c r e d i t , bo th secured and unsecured i n c l u d i n g , but not l imi ted t o , consumer and bus ines s l i n e s of c r e d i t , i n s t a l l m e n t loans f o r p e r s o n a l , household and bus ines s purposes and mortgage loans secured by r e a l p rope r ty ; to s e r v i c e loans and other e x t e n s i o n s of c r e d i t ; to s e l l t r a v e l e r s checks a t r e t a i l ; to act as insurance agent or broker for c r e d i t l i f e insurance and c r e d i t acc iden 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 such l end ing and s e r v i c i n g a c t i v i t i e s ) a t Coral Gables I n t e r n a t i o n a l P l aza , South Eas t Corner Le Jeune Road and Valencia Avenue, Coral Gables , F l o r i d a , through i t s s u b s i d i a r y , Chase Manhattan F i n a n c i a l S e r v i c e s , I n c . (6 /18 /81)

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 pe rmiss ion to r e l o c a t e an e x i s t i n g o f f i c e engaging i n the fo l lowing a c t i v i t i e s ( p r e v i o u s l y approved a c t i v i t i e s m a k i n g d i r e c t l o a n s , purchas ing i n s t a l l m e n t s a l e s f inance c o n t r a c t s , and a c t i n g as agent or b roker for the s a l e of c r e d i t r e l a t e d i n s u r a n c e ) from 1101 Greene S t r e e t , Augusta, t o 3106 Wrightsboro Road, Augusta, Georg ia , through i t s s u b s i d i a r y , Sunamerica F i n a n c i a l Corpora t ion (6 /15 /81 )

New York C i t i c o r p , New York, New York, r e q u e s t s consent t o (1) r e t a i n d i r e c t or i n d i r e c t ownership of 100 percen t of the shares of C i t i c o r p Banking Corpora t ion , Wilmington, Delaware and (2) con t inue to r e t a i n d i r e c t or i n d i r e c t ownership of such sha res a f t e r CBC e s t a b l i s h e s branches in Nassau, Bahamas and Luxembourg.

New York C i t i c o r p , New York, New York, r e q u e s t s permiss ion 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 engaging in the fo l lowing 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 , f o r i t s own account and for the account of o t h e r s , ex t ens ions of c r e d i t secured by l i e n s on r e s i d e n t i a l r ea l e s t a t e ; the p rev ious ly approved s e r v i c e a rea i s comprised of C a l i f o r n i a ; the expanded s e r v i c e a rea would inc lude the e n t i r e s t a t e s of Nevada and Arizona) a t 600 Ci ty Parkway West, Su i t e 710, Orange, C a l i f o r n i a , through i t s s u b s i d i a r y , C i t i c o r p Homeowners, Inc . (6 /19 /81)

New York Manufacturers Hanover Corpora t ion , New York, New York, r e q u e s t s permission to e s t a b l i s h a de novo o f f i c e engaging in t h e fo l lowing 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 for t h e account of o t h e r s , loans and other ex tens ions of c r e d i t such as would be made by a f a c t o r i n g company, and a r r a n g i n g or s e r v i c i n g such loans and other ex tens ions of c r e d i t f o r any person) a t 333 Market S t r e e t , San F r a n c i s c o , C a l i f o r n i a , through i t s s u b s i d i a r y , Manufac turers Hanover Commercial Corpora t ion , (Delaware) (6 /18 /81)

I


H.2, 1981 No. 25 - 2 2 -


New York

New York

New York

New York

Manufacturers Hanover Corpora t ion , New York, New York, r e q u e s t s permission to e s t a b l i s h a de novo o f f i c e engaging in the fo l low-ing a c t i v i t i e s (purchas ing i n s t a l l m e n t s a l e s f inance c o n t r a c t s , and a c t i n g as an agent or b roker for 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 insurance and c r e d i t acc iden t and h e a l t h i n su rance th i ch i s d i r e c t l y r e l a t e d to such loans and ex ten -s ions of c r e d i t ; Tempco L i f e Insurance Company would r e i n s u r e such c r e d i t l i f e and acc ident and h e a l t h insu rance ) a t Diamond Savings B u i l d i n g , 6100 Channingway Boulevard, S u i t e 102, Columbus, Ohio, through i t s s u b s i d i a r y , I n v e s t o r s Loan Corpora t ion of Ohio (6 /18 /81)

Manufac turers Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s permiss ion to e s t a b l i s h a d_e novo o f f i c e engaging in the fo l low-ing a c t i v i t i e s ( a r r a n g i n g , making or a c q u i r i n g for i t s own account or f o r the account of o t h e r s , loans and o ther ex ten-s ions of c r e d i t secured by homeowner1 s equ i ty i n t e r e s t in a home such as would be made by a consumer f i nance company, s e r v i c i n g such loans and other ex tens ions of c r e d i t for any person , and ac t i ng as a agent or broker f o r the s a l e of s i ng 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 vfaich i s d i r e c t l y r e l a t e d t o such loans and ex tens ions of c r e d i t ; Tempco L i f e Insurance Company would r e i n s u r e such c r e d i t l i f e and acc ident and h e a l t h insurance) a t Diamond Savings B u i l d i n g , 6100 Channingway Boulevard, Su i te 102, Columbus, Ohio, through i t s s u b s i d i a r y , I n v e s t o r s Mortgage Company of Ohio, I n c . (6 /18 /81)

Manufac ture rs Hanover C o r p o r a t i o n , New York, New York, r e q u e s t s permiss ion to r e l o c a t e an e x i s t i n g o f f i c e and to expand the s e r v i c e area of the r e l o c a t e d o f f i c e engaging in the fo l low-ing 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 ac t i ng as agen t /b roke r for c r e d i t insurance) from 997 5 E. Col fax Avenue, Aurora, Colorado, t o 7200 E. Hampden Avenue, Denver, Colorado, the new o f f i c e w i l l serve customers in Denver, D i l p i n , Boulder , J e f f e r s o n and Douglas Coun t i e s , and South-western and West-Centra l Adams, Northwestern and West-Centra l Arapahoe, S o u t h e a s t e r n Lar imer , Southwestern Weld, E a s t e r n Grand, Nor theas t e rn Park , Northern T e l l e r , Northwestern El Paso, and Northwestern Alber t Coun t i e s , through i t s s u b s i d i a r y , Termplan I n c . of Colorado (6 /18 /81)

Manufacturers Hanover Corpora t ion , New York, New York, r e q u e s t s permission to e s t a b l i s h a de novo o f f i c e engaging in t h e fo l lowing a c t i v i t i e s ( a r r a n g i n g , making or acqu i r ing f o r i t s own account or for the account of o t h e r s , loans and o ther ex tens ions of c r e d i t secured by a homeowner's equi ty i n t e r e s t in a home such as would be make by a consumer f inance company, s e r v i c i n g such loans and o the r ex tens ions of c r e d i t fo r any

a


H. 2 , 1981 No 25 - 2 3 -


pe r son ; a c t i n g as an agent or b r o k e r f o r 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 trtiich i s d i r e c t l y r e l a t e d to such l o a n s and e x t e n s i o n s of c r e d i t , pu rchas ing 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 an agent or b r o k e r for t h e 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 su rance 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 ttfiich i s d i r e c t l y r e l a t e d t o such loans and e x t e n s i o n s of c r e d i t ; R i t t e r L i f e I n s u r a n c e Company would r e i n s u r e such c r e d i t r e l a t e d i n s u r a n c e ; t h e jle novo o f f i c e would s e r v e the fo l l owing c o u n t i e s : Mathews, G l o u c e s t e r , New Kent , C h a r l e s C i t y , James C i t y , P r i n c e George, S u r r y , Southampton, I s l e of Wight, Midd lesex , Nansemond, Sou the rn King, Southern Queen, Southern Northampton, Southern L a n c a s t e r , and N o r t h e a s t e r n Sussex) a t Rouse Tower, 6060 J e f f e r s o n Avenue, S u i t e 3003 , Newport News, V i r g i n i a , through i t s s u b s i d i a r y , F inance One Mortgage of V i r g i n i a , I n c . ( 6 / 1 8 / 8 1 )

New York M a n u f a c t u r e r s Hanover 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 and to expand t h e s e r v i c e a r e a of t h e r e l o c a t e d o f f i c e e n g a g i n g in t h e f o l l o w -ing a c t i v i t i e s ( o r i g i n a t i n g mortgage l oans ) from F i r s t Na t iona l Bank B u i l d i n g , One F i r s t N a t i o n a l P l a z a , S u i t e 1236, Dayton, Ohio, t o F i n a n c i a l South O f f i c e Park , 5335 Far H i l l s Avenue, Dayton, O h i o , t o se rve customers i n Montgomery County and would a l s o s e r v e customers in Green and Warren C o u n t i e s , through i t s s u b s i d i a r y , M a n u f a c t u r e r s Hanover Mortgage C o r p o r a t i o n ( 6 / 1 6 / 8 1 )

P h i l a d e l p h i a Bancorp of P e n n s y l v a n i a , Read ing , 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 de novo a c t i v i t i e s ( u n d e r w r i t i n g , a s r e i n s u r e r , 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 -su rance 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 A p p l i c a n t ' s s u b s i d i a r y bank, Bank of P e n n s y l v a n i a ) a t a o f f i c e i n Phoenix , A r i z o n a , t h e geograph ic a r e a to be served i s s o u t h e a s t e r n P e n n s y l v a n i a , through i t s s u b s i d i a r y , Callowh i l l L i f e I n s u r a n c e Company ( 6 / 1 9 / 8 1 )

Richmond The Wachovia C o r p o r a t i o n , Wins t on Salem, Nor th 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 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 mortgage banking s e r v i c e s , i n c l u d i n g t h e o r i g i n a t i o n and p r o c e s s i n g of r e s i d e n t i a l , c o n s t r u c t i o n , deve lopment , and i n -come p r o p e r t y mortgage l o a n s , t h e purchase and s a l e or p l a c e -ment of mortgage l o a n s , t he a d m i n i s t r a t i o n and s e r v i c i n g of mortgage l o a n s , t h e management and s a l e of p r o p e r t i e s acqu i red through f o r e c l o s u r e or t r a n s f e r s in l i e u of f o r e c l o s u r e , and a c t i n g as agent f o r 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 and fo r 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 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 ) a t 6201 Powers F e r r y Road, A t l a n t a , G e o r g i a , th rough i t s s u b s i d i a r y , Wachovia Mortgage Company ( 6 / 1 9 / 8 1 )


H.2 , 1981 No. 25 - 2 4 -

APPLICATION RECEIVED-Cont inued

Chicago Greene Inves tment C o . , Coon Rapids , Iowa, f o r approval to a c q u i r e 8 5 . 6 percen t of Greene County A g r i c u l t u r a l C r e d i t C o r p o r a t i o n , J e f f e r s o n , Iowa, ich engages in s e l l i n g c r e d i t l i f e and d i s a b i l i t y income i n s u r a n c e .

M i n n e a p o l i s Dacotah Bank Holding Co . , Aberdeen, South Dakota, f o r approval to a c q u i r e a p a r t n e r s h i p , Bank of Cresbard Agency, C r e s b a r d , South Dakota, a g e n e r a l i n s u r a n c e agency in a town of l e s s t h a n 5 ,000 p o p u l a t i o n .

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 , 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 loans 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 i red 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 , c r e d i t - r e l a t e d acc iden t and h e a l t h and c r e d i t - r e l a t e d p r o p e r t y 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 ; pu rchas ing 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 of c r e d i t to small b u s i n e s s e s ; making loans and o t h e r e x t e n s i o n s of c r e d i t 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 , 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 and c r e d i t - r e l a t e d p r o p e r 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 to e x t e n s i o n s of c r e d i t made o r a c q u i r e d by FinanceAmerica Consumer Discount Company) a t 11 North 7th S t r e e t , A l l en town, P e n n s y l v a n i a , s e r v i n g the e n t i r e s t a t e of P e n n s y l v a n i a , th rough i t s i n d i e c t s u b s i d i a r y , FinanceAmerica Consumer Discount Company (a Pennsy lvan i a c o r p o r a t i o n ) ( 6 / 1 9 / 8 1 )

San F r a n c i s c o

San F r a n c i s c o

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 , 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 (making or a c q u i r i n g f o r i t s own account loans 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 i red 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 ; n e i t h e r 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 nor c r e d i t - r e l a t e d p r o p e r t y i n s u r a n c e w i l l be o f f e r e d in e i t h e r New York or C o n n e c t i c u t ; 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 , pu rchas ing 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 of c r e d i t to small b u s i n e s s e s , making loans secured by r e 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 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 made or acqui red by FinanceAmeric a Mortgage S e r v i c e s I n c . ) from 3704 Whitney Avenue, S u i t e 9 , Hamden, C o n n e c t i c u t t o O f f i c e 3 Bu i ld ing C, 422-426 Highlands Avenue, C h e s h i r e , C o n n e c t i c u t , s e r v i n g the s t a t e s of Connec t i cu t and New York, t h rough i t s i n d i r e c t s u b s i d i a r y , FinanceAmerica Mortgage S e r v i c e s I n c . (a New Hampshire c o r p o r a t i o n ) ( 6 / 1 8 / 8 1 )


H.2, 1981 No 25 - 25 -


Security P a c i f i c Corporation, Los Angeles, Ca l i forn ia , n o t i f i -cation of intent to engage in de novo a c t i v i t i e s ( f inanc ing , l eas ing and serv ic ing a c t i v i t i e s with respect to personal property and equipment and r e a l property) at 7171 Mercy Road, S u i t e 137, Omaha, Nebraska, serving the s t a t e s of Iowa, Nebraska and South Dakota, through i t s subs id iary , Security P a c i f i c Leasing Corporation ( 6 / 3 / 8 1 )

* * * * *

REPORTS RECEIVED

Current Report F i led Pursuant to Sect ion 8 of the S e c u r i t i e s Exchange Act of 1934

Dry Dock Savings Bank, New York, New York, has f i l e d an agreement with the Federal Reserve Bank of New York (which i s authorized to accept such agreements on behalf of the Board of Governors under delegated authority) undertaking to comply with a l l provis ions which r e l a t e to the use of c r e d i t to f inance transact ions in s e c u r i t i e s .

* * * * *

PETITIONS FOR RULEMAKING

None.

San Franci sco

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

h2_19810620.pdf

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