h2_19831224.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM H.2, 1983 No. 51

Actions of t h e Board; App l i ca t i ons and Reports

Received During the Week Ending December 24, 1983

APPLICABLE RESERVE BANK ACTIONS OF THE BOARD

Regula t ion X, adopt ion of a proposal t h a t completely r e v i s e s Regula t ion X, which a p p l i e s t o borrowers who o b t a i n c r e d i t f o r t h e purpose of purchas ing or c a r r y i n g s e c u r i t i e s (margin c r e d i t ) , e f f e c t i v e January 23 , 1984. (Docket No. R-0487)

Consumer Advisory Counc i l , e i g h t new members named by t h e Board t o t h e Council to r e p l a c e members whose terms a r e e x p i r i n g , and d e s i g n a t i o n of a new Chairman and Vice Chairman,

Regula t ion 0 , I n t e r e s t on D e p o s i t s , r e v i s i o n to conform t h e regulat ion t o r ecen t ac t ions of t he Depository I n s t i t u t i o n s Deregula t ion Committee.

The Federal Reserve Board has approved r e v i s i o n s of i t s r u l e s and amendment of r e g u l a t i o n s t o add t o t h e l i s t of a c t i v i t i e s p e r m i s s i b l e f o r United S t a t e s banking o r g a n i z a t i o n s , t h e ope ra t i on of a t r a v e l agency abroad and t o l i b e r a l i z e n o t i f i c a t i o n procedures r e s p e c t i n g proposed banking o r g a n i z a t i o n inves tments in expor t t r a d i n g companies.

Regula t ion 0 , Loans t o Execut ive O f f i c e r s , D i r e c t o r s and P r i n c i p a l Shareholders of Members Banks, changes t o t h e r e g u l a t i o n t o conform t o t he Garn-St Germain Deposi tory I n s t i t u t i o n s Act of 1983. (Docket No. R-04P6)

Regula t ion K, proposal t o implement a s e c t i o n of t h e I n t e r n a t i o n a l Lending Superv is ion Act of 1983 r e q u i r i n g banking o r g a n i z a t i o n s t o main ta in spec ia l r e s e r v e s a g a i n s t c e r t a i n f o r e i g n loans or o t h e r fo r e ign a s s e t s ; the Board requested comment by January 11, 1984. (Docket No. R-0498)

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

H.2, H R 3 N 0 . 51 - 2 -

ACTIONS OF THE BOARD - Continued

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 , i s suance of subord ina ted c a p i t a l n o t e s .

Union J e r s e y Bank/Southwest , Camden, New J e r s e y , prepayment of c a p i t a l n o t e s .

Crow River S t a t e Bank, Delano, Minnesota , investment in bank p remises .

Boston

New York

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

Cleveland

Richmond

Richmond

Richmond

Washington Trust Company of Wes te r ly , Wes te r ly , Rhode I s l a n d , proposal t o merge with Southern Rhode Is land Trust Company, Wes te r ly , Rhode I s l and ; r e p o r t t o t h e Federal Deposit Insurance Corporat ion on compe t i t i ve f a c t o r s . ] /

New York National Bank, Bronx, New York, proposal to purchase a s s e t s and assume l i a b i l i t i e s of two branches of Manufac turers Hanover Trus t Company, New York, New York, loca ted in t h e Bronx; r e p o r t to the Comp-t r o l l e r of t he Currency on compe t i t i ve f a c t o r s . ]_/

West Side Bancorp, I n c . , West P i t t s t o n , Pennsylvania , ex t ens ion of t ime t o March 22, 1984, wi th in which to form a bank holding company through the a c q u i s i t i o n of 100 p e r c e n t of t h e vot ing sha re s of West Side Bank, P i t t s t o n , Pennsy lvan ia . ]_/

Ohio Bank and Savings Company, F ind l ay , Ohio, investment in bank p remise s . V

F i r s t National Bankshares , I n c . , Emporia, V i r g i n i a , ex t ens ion of t ime t o January 29, 1984, wi th in which to become a bank holding company through the a c q u i s i t i o n of The F i r s t National Bank of Emporia, Emporia, V i r g i n i a . ]_/

Community Bancshares , I n c . , P r i n c t o n , West V i r g i n i a , ex tens ion of t ime t o March 28, 1984, (1) t o acqu i re Adrian Buckhannon Bank, Buckhannon, West V i r g i n i a , and (2) t o acqu i re Upshur National Bank, Buckhannon, West V i r g i n i a . V

One Valley Bancorp of West V i r g i n i a , I n c . , Cha r l e s ton , West V i r g i n i a , ex t ens ion of t ime to March 26, 1984, wi th in which to a cqu i r e One Valley National Bank of Kanawha C i t y , Kanawha, West V i r g i n i a . ]_/

T? App l i ca t ion processed on beha l f of t he Board of Governors under ^ de l ega t ed a u t h o r i t y .


H.?, 1983 No. 51 - 3 -


At lan ta

At lan ta

At lan ta

At lan ta

At lan ta

At lan ta

At lan ta

At lan ta

Chicago

County National Bank of South F l o r i d a , North Miami, F l o r i d a , proposed merger with County Inter im National Bank, North Miami Beach, F l o r i d a ; r epo r t t o t h e Comptrol ler of t he Currency on compet i t ive f a c t o r s . J_/

C i t i z e n s Bank and Trust Company of Grainger County, Rut !edge , Tennessee, proposed merger with C i t i z ens In ter im Bank, Rut ledge , Tennessee; r e p o r t to t he Federal Deposit Insurance Corporat ion on compet i t ive f a c t o r s . V

Northern Bank of Tennessee, CIa rksv i11e , Tennessee, proposed merger with NBT Bank, C l a r k s v i l l e , Tennessee; r epo r t t o t he Federal Deposit Insurance Corporat ion on compe t i t i ve f a c t o r s . ]_/

Bunkie Bank & Trust Company, Bunkie, Lou i s i ana , proposed merger with New Bunkie Bank & Trust Company, Bunkie, Lou i s iana ; r epo r t t o t h e Federal Deposit Insurance Corporat ion on compe t i t i ve f a c t o r s . ]_/

Metropol i tan Bank & Trust Company, Baton Rouge, Lou i s i ana , proposed merger with MBT Bank & Trust Company, Baton Rouge, Lou i s i ana ; r epo r t t o t he Federal Deposit Insurance Corporat ion on compe t i t i ve f a c t o r s . ]_/

PIaquemine Bank & Trust Company, Plaquemine, Louis iana , proposed merger with Plaquemine In ter im Bank, Plaquemine, Lou i s i ana ; r e p o r t t o the Federal Deposit Insurance Corporat ion on compe t i t i ve f a c t o r s . ]_/

Bank of Knoxvi l le , Knoxvi l le , Tennessee, proposed merger with Third National Bank of Knoxvi l l e , Knoxvi l le , Tennessee; r epo r t t o t h e Comptrol ler of the Currency on compe t i t i ve f a c t o r s . J /

Bank of S e v i e r v i l l e , S e v i e r v i l 1 e , Tennessee, proposed merger with Third National Bank in Sevie r county , S e v i e r v i l l e , Tennessee; r e p o r t to t he Comptrol ler of t h e Currency on compe t i t i ve f a c t o r s . ]_/

F i r s t of America Bank S t r a i t s Area, Cheboygan, Michigan, investment in bank p remises . 1/

]_/ App l i ca t ion processed on behal f of t h e Board of Governors under de lega ted a u t h o r i t y .


H.2, 1983 No. 51

Chicago

Chicago

S t . Louis

S t . Louis

Kansas Ci ty

Kansas City

Kansas City

Kansas Ci ty

Kansas City

San F ranc i sco

- 4 -


Fort Madison Bank and Trust Company, Fort Madison, Iowa, investment in bank p remise s . ]_/

C i t i z e n s Holding Company, Park Ridge, I l l i n o i s , ex t ens ion of t ime t o April 19, 1984, wi th in which t o become a bank holding company through the a c q u i s i t i o n of 80 percen t or more of the vot ing sha re s of C i t i z e n s Bank & Trust Company, Park Ridge, II1 i n o i s . ]_/

Merchants S t a t e Holding Company, Humboldt, Tennessee, ex t ens ion of t ime t o February 18, 1984, wi th in which to become a bank holding company through the a c q u i s i t i o n of Merchants S t a t e Bank, Humboldt, Tennessee. ]_/

Chemical Bank, Sweet Spr ings , Missour i , d e c l a r a t i o n of d i v i d e n d . ]_/

Mission Bank, Miss ion , Kansas, proposed merger with Centennial Bank and T r u s t , Miss ion, Kansas; repor t t o t h e Federal Deposit Insurance Corporat ion on c o m p e t i t i v e f a c t o r s . J_/

Mark Twain Empire Bank, Kansas C i t y , Missour i , proposed merger with Mark Twain Plaza Bank, Kansas C i ty , Missour i ; r epo r t t o t h e Federal Deposit Insurance Corpora t ion on compe t i t i ve f a c t o r s . J_/

Union Bank and T r u s t , B a r t l e s v i 1 1 e , Oklahoma, proposed merger with The Dewey-Bank, Dewey, Oklahoma; r epo r t t o t h e Federal Deposit Insurance Corporat ion on compe t i t i ve f a c t o r s . V

Banco de Vizcaya, S .A. , Bi lbao , Spain , ex tens ion of t ime to April 3, 1984, wi th in which to acqu i re New Mexico Banquest Inves to r s Corpora t ion , Santa Fe, New Mexico. _]_/

Equ i t ab l e Bankshares of Colorado, I n c . , Denver, Colorado, ex tens ion of t ime t o March 21, 1984, wi thin which to a c q u i r e EquiBank - South N.A., Arapahoe County, Colorado. 2 /

SDC Federal Cred i t Union, Los Angeles, C a l i f o r n i a , t e r m i n a t i o n of r e g i s t r a t i o n . ]_/

T/ App l i ca t i on processed on behalf of t he Board of Governors under ~~ de lega ted a u t h o r i t y .


H.2, 1983No . 51 - 5 -


San Franc i sco

San F ranc i sco

P a c i f i c Her i t age Bank, Tor rance , C a l i f o r n i a , ex tens ion of t ime t o April 22, 1985, wi th in which t o e s t a b l i s h a branch o f f i c e in t he v i c i n i t y of F i r s t S t r e e t and San Pedro S t r e e t in t he L i t t l e Tokyo D i s t r i c t , Los Angeles , C a l i f o r n i a . ]_/

F i r s t P r o f e s s i o n a l Bank, N.A., Santa Monica, C a l i f o r n i a , proposed a c q u i s i t i o n of a s s e t s and assumption of s u b s t a n t i a l l y a l l d e p o s i t l i a b i l i t i e s of t he Beverly H i l l s branch of Redwood Bank, Beverly H i l l s , C a l i f o r n i a , under t h e c h a r t e r and t i t l e of the former; r e p o r t t o t h e Comptrol ler of t h e Currency on compe t i t i ve f a c t o r s . 1/

T7 A p p l i c a t i o n processed 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.?, 19^3 No. Si - 6 -

ACT30NS OF THE BOARD - Continued

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

Approved Ph i l ade lph i a Girard Bank, Bala Cynwyd, Pennsy lvan ia , t o e s t a b l i s h a

Remote Se rv ice F a c i l i t y a t t he P h i l a d e l p h i a I n t e r -na t i ona l A i r p o r t , P h i l a d e l p h i a , Pennsy lvan ia . ] /

P h i l a d e l p h i a Girard Bank, Bala Cynwyd, Pennsy lvan ia , t o e s t a b l i s h a Remote Serv ice F a c i l i t y a t Texaco Serv ice S t a t i o n , 1551 Wadsworth Avenue, P h i l a d e l p h i a , Pennsy lvan ia . ]_/

P h i l a d e l p h i a Girard Bank, Bala Cynwyd, Pennsy lvan ia , t o e s t a b l i s h a r e t a i l banking f a c i l i t y a t San Road and West Bu t l e r Avenue, West B r i t a i n , Pennsy lvan ia . V

P h i l a d e l p h i a The Bank of New J e r s e y , Moorestown, New J e r s e y , t o e s t a b l i s h a new ATM s i t e to be loca t ed a t the new e n t r a n c e of t h e Medford Thr i f tway Store a t 666 Stokes Road, Medford, New J e r s e y . ]_/

Richmond Bank of V i r g i n i a , Richmond, V i r g i n i a , f o r permission to e s t a b l i s h a branch a t 610 Thimble Shoals Boulevard, Newport News, V i r g i n i a . V

i ! F i r s t V i rg in ia Bank, F a l l s Church, V i r g i n i a , fo r permiss ion to e s t a b l i s h a branch a t 1033 North F a i r f a x S t r e e t , A lexandr i a , V i r g i n i a . ] /

Chicago Commercial S t a t e Savings Bank, G r e e n v i l l e , Michigan, f o r approval t o e s t a b l i s h a branch a t the unnumbered l o t of t h e e a s t e r n s i d e of Sheridan Road between the Stanton Valley boundary l i n e on Kles Road, G r e e n v i l l e , Michigan. 1/

Chicago A m e r i c a Bank - D e t r o i t , D e t r o i t , Michigan, t o e s t a b l i s h an &FT t o he loca ted a t D e t r o i t Metropol i tan A i r p o r t , / syne County Road Commission, D e t r o i t , Michigan. ]_/

T/ on behalf of the Board of Governors under f d i i t h n r i t f .


H.P. - 7 -

' i ' -P / - Continued

' *, ' \ " , . T s . ^ r j . . Cht^^c of Control : if Control Art of 1978

h 'T - " s4 .prnv^ Ka*isc< r ^ y Inc.* Broken Bow, Nebraska. V

Kansas - ' : - * ^us^ogee, I n c . , Muskogee, Oklahoma. 2 /

r : t y *^fnctaM French of a Member Bank rf the Federal Reserve Act

Kos# " ^ t e ^ t r . -e t - an/i ^ n . s t Company, Boston, Massachuse t t s : i < c rn - s f ^ b * i sh a branch in London, England.

* i * *

^ n < ^ f 4

New York

New York

At^ anta

i ' *y E ' t . 'S^nt t o Sect ion Curpany Act of 1956

A;rrov*d n*

H.? , 1983 No. 51 - 8 -


Chicago F i r s t Midwest Corpora t ion of Delaware, Elmwood Park , I l l i n o i s , f o r approval t o a c q u i r e 100 percent of t h e vo t ing sha res of t h e successor by merger t o Midwest Bank and Trus t Company, Elmwood Park , I I 1 i n o i s . ] /

Chicago Kewaunee County Banc-Shares , I n c . , Kewaunee, Wisconsin, f o r approval t o acqu i r e a t l e a s t 80 percent of the vot ing sha res of S t a t e Bank of Kewaunee, Kewaunee, Wisconsin . J /

S t . Louis The Farmers and Merchants Bankshares , I n c . , S t u t t g a r t , Arkansas , f o r approval t o a c q u i r e 100 percent of the vot ing sha res of The Farmers and Merchants Bank, S t u t t g a r t , Arkansas , j J

S t . Louis S p r i n g f i e l d Bankshares , I n c . , S p r i n g f i e l d , Kentucky, f o r approval t o a cqu i r e 100 percen t of the vot ing s h a r e s of t h e successo r by merger t o 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 , Kentucky. V

S t . Louis Twin City Bancshares , I n c . , North L i t t l e Rock, Arkansas, f o r approval t o a c q u i r e a t l e a s t 92.54 percent of the vo t ing sha re s of Twin City Bank, North L i t t l e Rock, Arkansas . J_/

Minneapolis ASB Bank Holding Company, P i e r r e , South Dakota, f o r approval t o a c q u i r e 81.4 percent of t h e vot ing shares of American S t a t e Bank of P i e r r e , P i e r r e , South Dakota.

Da l l a s Farmers Bancshares , I n c . , Cen te r , Texas, f o r approval t o a c q u i r e a t l e a s t 80 percent of t h e vot ing shares of Farmers S t a t e Bank, Cen te r , Texas. ]_/

Dal las F i r s t Groesbeck Holding Company, Groesbeck, Texas, f o r approval t o a cqu i r e a t l e a s t 80 percen t of t he vo t ing sha res of F i r s t National Bank, Groesbeck, Texas . V

Dal las T N Bancshares , I n c . , El Paso, Texas, f o r approval t o acqu i r e a t l e a s t 80 percent of t h e vot ing shares of Texas National Bank, El Paso, Texas. 1/

T/ App l i ca t i on processed on beha l f of t h e Board of Governors under " de l ega ted a u t h o r i t y .


H.?, 1983 No. 51 - 9 -


Denied San M.S. Holding Company, L t d . , Tel Aviv, I s r a e l ; F r anc i sco S.H. Resources and Development Corpora t ion , Los

Angeles , C a l i f o r n i a ; and Corporat ion f o r I n t e r -na t iona l A g r i c u l t u r a l Product ion Limi ted , Ramat-Gan, I s r a e l , f o r approval t o a c q u i r e 80.4 percent of t he vot ing sha re s of Empire S t a t e Bank of Layton, Layton, Utah.

* * * *

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

Approved Boston New Hampshire Savings Bank Corp . , Concord, New Hampshire,

f o r approval t o a c q u i r e 100 percen t of t h e vot ing sha re s of Rockingham County Trust Company, Salem, New Hampshire. ]_/

Cleveland Pennbancorp, T i t u s v i l l e , Pennsy lvan ia , f o r approval to a c q u i r e 5 t o 12 pe rcen t of t h e vot ing sha res of Bucks County Bank and Trust Co. ; Easton National Bank and Trust Co. ; Southeas t National Bancshares of PA, The Third National Bank and Trust Company of Scranton; Wi11iamsport National Bank; Ephrata National Bank; Nazareth National Bank and Trust Co.; Producers Bank and Trust Company; Union Bank and Trust Company of Eastern PA; The Cheltenham Bank; Penn Central National Bank of Huntingdon; The Russel l National Bank and Commonwealth National F inancia l Corpora t ion , Har r i sbu rg , Pennsylvania and i n d i r e c t l y Comonwealth National Bank, H a r r i s b u r g , Pennsy lvan ia .

S t . Louis TCBankshares, I n c . , North L i t t l e Rock, Arkansas , f o r approval t o a cqu i r e a t l e a s t 97 .3 pe rcen t of t h e vot ing sha re s of C B & T Bancshares , F l ipping Arkansas and i n d i r e c t l y C i t i z e n s Bank and Trust Company, F1 i p p i n , Arkansas . J_Z

Dal las Independent Bankshares , I n c . , Abi lene , Texas, f o r approval t o a c q u i r e 100 percen t of the vot ing shares of S tanford Bancshares , I n c . , Fort Worth, Texas, and S tanford F inanc ia l Corpo ra t i on , Fort Worth, Texas, and i n d i r e c t l y The F i r s t National Bank in Stamford, Stamford, Texas.

J_/ App l i ca t i on processed on behal 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 .

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

H.2, 1983 No. 51 - 1 0 -


Dal las Independent Bankshares , I n c . , Abi lene , Texas, f o r approval t o acqu i re t he successor by merger to S t a t e Bancshares , I n c . , L i t t l e f i e l d , Texas, and i n d i r e c t l y Secur i ty S t a t e Bank, L i t t l e f i e l d , Texas; Olton S t a t e Bank, 01 t o n , Texas; West Texas Bancshares , I n c . , Muleshoe, Texas, and i n d i r e c t l y Muleshoe S t a t e Bank, Muleshoe, Texas.

* * * * *

To Expand a Bank Holding Company Pursuant t o Sect ion 3 ( a ) ( 5 ) of the Bank Holding Company Act of 1956

Approved Cleveland PNC Financ ia l Corp, P i t t s b u r g h , Pennsy lvania , f o r

approval t o merge with Marine Bancorp, I n c . , E i r e , Pennsylvania and i n d i r e c t l y acqu i r e Marine Bank, Warren, Pennsy lvan ia .

* * * * *

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

Approved Boston New Hampshire Savings Bank Corp . , Concord, New

Hampshire, f o r approval t o r e t a i n New England F inanc ia l Resources , I n c . , Avon, Connec t icu t ; Real E s t a t e Consu l t an t s of New England, I n c . , Concord, New Hampshire, both of which a re nonbanking s u b s i d i a r i e s of New Hampshire Savings Bank Corp, and W-E Management Company, Concord, New Hampshire; New England Capi ta l Corpora t ion , Avon, Connec t icu t ; Consul t ing and Systems Management Corpo ra t i on , Concord, New Hampshire; and POCKETBANK, I n c . , Manchester , New Hampshire, a l l of which a re nonbanking s u b s i d i a r i e s of New Hampshire Savings Bank. J_/

New York Fuj i Bank, Limi ted , Tokyo, Japan , f o r approval t o acqu i re a l l of the vot ing shares of Walter E. He l le r and Company, Chicago, I l l i n o i s .

1/ Appl ica t ion processed on behalf of t h e Board of Governors under de lega ted a u t h o r i t y .


H.2, 1983No . 51 - 1 1 -


New York

Cleveland

Richmond

San F ranc i sco

Nors tar Bancorp, I n c . , Albany, New York, f o r approval of expansion of t h e s e r v i c e area of i t s s u b s i d i a r y , N o r l i f e Reinsurance Company, Phoenix, Arizona, t o r e i n s u r e c r e d i t l i f e , hea l t h and acc iden t insurance sold in connect ion with e x t e n s i o n s of c r e d i t by the bank s u b s i d i a r i e s of A p p l i c a n t ' s s u b s i d i a r y , Northeast Bancshare A s s o c i a t i o n , P o r t l a n d , Maine.

PNC Financia l Corp . , P i t t s b u r g h , Pennsy lvan ia , fo r approval t o expand the da ta p rocess ing a c t i v i t i e s of i t s i n d i r e c t nonbank s u b s i d i a r y , L.S. Consul t ing Corp . , doing bus iness as L i t t l ewood , Shain & Company, Wayne, Pennsy lvan ia . ]_/

F i r s t Union Corpora t ion , C h a r l o t t e , North C a r o l i n a , fo r approval t o acqu i r e Dis-Com S e c u r i t i e s , I n c . , Ha l l anda l e , F l o r i d a , a company t h a t would engage in s e c u r i t i e s brokerage s e r v i c e s . V

F i r s t P a c i f i c Investments Limi ted , C e n t r a l , Hong Kong, f o r approval t o engage de novo in lending loan s e r v i c i n g and s a l e of c r e d i t - r e l a t e d l i f e , h e a l t h , acc iden t and unemployment insurance through a d i r e c t s u b s i d i a r y , P a c i f i c F i r s t Mortgage Corpo ra t ion , P leasan ton , C a l i f o r n i a .

Delayed San TRABANC, Sa l t Lake C i t y , Utah, n o t i f i c a t i o n of i n t e n t F ranc i sco engage in de novo a c t i v i t i e s ( in the l e a s i n g of

personal p roper ty and r e l a t e d a c t i v i t i e s normally i n c i d e n t a l t h e r e t o ) a t 107 South Main S t r e e t , Sa l t Lake C i t y , Utah, se rv ing Utah, Idaho and Wyoming, through i t s s u b s i d i a r y , TRALEASE (12 /1 /83)

Permi t ted 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 two de novo o f f i c e s engaging in t h e fo l lowing a c t i v i t i e s ( t h e making or acqu i r i ng of loans and o the r e x t e n s i o n s of c r e d i t , secured or unsecured , f o r con-sumer and o the r purposes ; 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 acc iden t and h e a l t h insurance by l i c e n s e d agents 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 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 ; t h e s e r v i c i n g , f o r any p e r s o n , of loans and o the r ex t ens ions of c r e d i t ; t h e making, a c q u i r i n g , and s e r v i c i n g , fo r i t s own account and f o r t he account of o t h e r s , of

T7 A p p l i c a t i o n processed on beha l f of t h e Board of Governors under de l ega t ed a u t h o r i t y .


ACTIONS OF ?HF ROARD - Continued

e x t e n s i o n s cf c r e d i t t o i n d i v i d u a l s secured by l i e n s cm r e s i d e n t i a l or n o n - r e s i d e n t i a l rea l e s t a t e ; and the s a l e of mortgage l i f e and mortgage d i s a b i l i t y insurance d i r e c t l y r e l a t e d t o e x t e n s i o n s of mortgage l oans ) a : 202 Midland Mal l , Bald Hil l Road and East Avenue, Warwick, Rhode I s l a n d , through i t s s u b s i d i a r i e s , C i t i c o r p Pe r son - to -Pe r son F inanc ia l Cen te r , I n c . , (Delaware) and C i t i c o r p Homeowners, I nc . (12 /18/83) 2 /

P h i l a d e l p h i a CoreS ta te s F inanc ia l Corp . , P h i l a d e l p h i a , Pennsy lvan ia , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( i n t h e o r i g i n a t i o n of FHA, VA and convent ional r e s i d e n t i a l mortgage loans and second mortgage loans) a t 1612 Prosse r Avenue, S u i t e 310, Dayton, Ohio, t he proposed new o f f i c e wi l l conduct the foregoing a c t i v i t i e s in t he S t a t e s of Ohio, Kentucky and Pennsy lvan ia , through i t s s u b s i d i a r y , Colonial Mortgage Se rv ice Company A s s o c i a t e s , Inc . (12/20/83)

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 t o engage in de novo a c t i v i t i e s ( o r i g i n a t i n g r e s i d e n t i a l , commercial , i n d u s t r i a l , and c o n s t r u c t i o n loans f o r i t s own account and f o r s a l e to o t h e r s ; s e r v i c i n g such loans f o r o t h e r s ; and in t he s a l e of c r e d i t l i f e i n su rance , c r e d i t acc iden t and h e a l t h i n s u r a n c e , c r e d i t d i s a b i l i t y , mortgage redemption and mortgage a c c i d e n t and h e a l t h insu rance in connect ion with such mortgage l o a n s , through i t s s u b s i d i a r y , Dominion Bankshares Mortgage Corpora t ion ; and ac t ing as i n s u r a n c e agent or broker with r e spec t t o c r e d i t l i f e insurance* c r e d i t a cc iden t and h e a l t h i n s u r a n c e , c r e d i t d i s a b i l i t y , mortgage redemption and mortgage acc iden t and h e a l t h insurance r e l a t e d to or 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 invo lv ing Dominion Bankshares Mortgage C o r p o r a t i o n , through i t s s u b s i d i a r y , Dominion Bankshares S e r v i c e s , I n c . ) a t 3819-G South George Mason D r i v e , Ba i l eys Cross roads , V i rg in i a (12/24/83)

Richmond Maryland Nat ional Corpo ra t i on , Ba l t imore , Maryland, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s (engaging g e n e r a l l y in the bus ines s of a mortgage banke r , mortgage broker and mortgage s e r v i c i n g f i r m : o r i g i n a t i n g , buying , s e l l i n g and o the rwi se dea l i ng in mortgage loans as p r i n c i p a l or a g e n t ; s e r v i c i n g mortgage loans f o r a f f i l i a t e d or n o n a f f i l i a t e d e n t i t i e s ; a c t i n g as a d v i s e r in mortgage loan t r a n s a c t i o n s ; and

in t h e s a l e as agent of c r e d i t l i f e , c r e d i t

? / 4 f c ) f # ) n o t i f i c a t i o n processed 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, 19P3No. 51 - 1 3 -


d i s a b i l i t y and c r e d i t a c c i d e n t and hea l t h insurance in connec t ion with e x t e n s i o n s of c r e d i t by bank and nonbank s u b s i d i a r i e s of t h e holding company) a t 537 R i t c h i e Highway, Severna Park, Maryland, through i t s s u b s i d i a r y , Maryland National Mortgage Corpora t ion (12/21/83)

Richmond Northwestern F inanc ia l Corpora t ion , North Wilkesboro, 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 t o engage in de novo a c t i v i t i e s (making, a cqu i r i ng and s e r v i c i n g f i r s t mortgage loans such as would be made by a mortgage banking company) a t Spreading Branch Drive , Columbia, South C a r o l i n a , through i t s s u b s i d i a r y , Northwestern Mortgage Corporat ion (12/24/83) 3/

Minneapolis Norwest Corpora t ion , Minneapol is , Minnesota, n o t i f i c a t i o n of i n t e n t t o r e l o c a t e de novo a c t i v i t i e s ( in the a c t i v i t i e s of consumer f i n a n c e , s a l e s f i n a n c e and commercial f i n a n c e , t h e s a l e of c r e d i t l i f e , c r e d i t acc iden t and hea l t h and p roper ty and c r e d i t - r e l a t e d c a s u a l t y insu rance r e l a t e d to ex t ens ions of c r e d i t by t h a t company [such s a l e of c r e d i t - r e l a t e d insurance being a p e r m i s s i b l e a c t i v i t y under Subparagraph D of T i t l e VI of t h e Garn-St Germain Deposi tory I n s t i t u t i o n s Act of 1982] and the o f f e r i n g f o r s a l e and s e l l i n g of t r a v e l e r s checks) from 100 McMillan Drive , Poppy Square, Spar tanburg , South Carol ina t o Spartan Cen t r e , 101 West S t . John S t r e e t , S u i t e 101, Spar tanburg , South Ca ro l ina , se rv ing Spar t anburg , South C a r o l i n a , through i t s sub-s i d i a r y , Norwest F inanc ia l South C a r o l i n a , Inc . (12 /23/83) 2 /

Minneapolis Norwest Corpora t ion , Minneapol is , Minnesota, n o t i f i c a t i o n of i t s i n t e n t t o r e l o c a t e de novo a c t i v i t i e s ( in the a c t i v i t i e s of consumer f i n a n c e , s a l e s f i nance and commercial f i n a n c e , t h e s a l e of c r e d i t l i f e , c r e d i t a cc iden t and h e a l t h and p roper ty and c r e d i t - r e l a t e d c a s u a l t y in su rance 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 t h a t company [such s a l e of c r e d i t - r e l a t e d insurance being a p e r m i s s i b l e a c t i v i t y under Subparagraph D of T i t l e VI of the Garn-St Germain Depository I n s t i t u t i o n s Act of 1982) and the o f f e r i n g f o r s a l e and s e l l i n g of t r a v e l e r s checks) from 1308 South Second S t r e e t , S p r i n g f i e l d , I l l i n o i s to 2476 Wabash Avenue, S p r i n g f i e l d , I l l i n o i s , se rv ing S p r i n g f i e l d , I l l i n o i s , and o t h e r nearby communities, through i t s s u b s i d i a r y , Norwest F inancia l I l l i n o i s , I n c . , and from 710 South Washington S t r e e t , Unit #4, Grand Forks , North Dakota t o 2500-R South Columbia Road,

3/ 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Rank on behalf of t he Board of Governors under de lega ted a u t h o r i t y .


H.2, 1993 No. 51 - 14 -


Grand Forks , North Dakota, se rv ing Grand Forks, North Dakota, and nearby communit ies , through i t s s u b s i d i a r y , Norwest F inanc ia l North Dakota, I n c . , and from 30 Echo P laza , S p r i n g f i e l d , New Je r sey to 675 Morris Avenue, S u i t e 105, S p r i n g f i e l d , New J e r s e y , se rv ing S p r i n g f i e l d , New J e r s e y , and nearby communities, through i t s s u b s i d i a r y , Norwest F inanc ia l New J e r s e y , Inc . Norwest F inanc ia l New J e r s e y , I n c . , wil l not engage in the s a l e of p rope r ty and c a s u a l t y insurance r e l a t e d t o i t s e x t e n s i o n s of c r e d i t (12/20/83) 2 /

Dal las Broadway Bancshares I n c . , San Antonio, Texas, n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( in the under-w r i t i n g of 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 s u r a n c e , which i s 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 i t s s u b s i d i a r i e s ) t he a c t i v i t i e s would be conducted in t h e S t a t e of Texas, through i t s s u b s i d i a r y , Broadway National L i f e Insurance Company (12/22/83) 3/

BankAmerica Corpora t ion , 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 t o engage in de novo a c t i v i t i e s ( in the a c t i v i t i e s of s e c u r i t i e s b rokerage , c o n s i s t i n g p r i n c i p a l l y of buying and s e l l i n g s e c u r i t i e s s o l e l y upon the o rde r and f o r t he account of cus tomers , and of ex tending margin c r e d i t in conformity with Regula t ion T) a t One Oakbrook T e r r a c e , Oakbrook, I l l i n o i s , and 800 F i f t h Avenue #101, S e a t t l e , Washington, se rv ing a l l f i f t y S t a t e s and t h e D i s t r i c t of Columbia, through i t s s u b s i d i a r y , Charles Schwab & Co. , Inc . (12/20/83) 3/

Home I n t e r s t a t e Bancorp, Signal H i l l , 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 t o engage in de novo a c t i v i t i e s ( in making or a c q u i r i n g , f o r i t s own account or f o r t h e account of o t h e r s , loans or o the r ex tens ions of c r e d i t [ i n c l u d i n g i s s u i n g l e t t e r s of c r e d i t and a c c e p t i n g d r a f t s ] , such as would be made, f o r example, by a mortgage, f i n a n c e , c r e d i t c a r d , o r f a c t o r i n g company; a c t i ng as investment or f i n a n c i a l advisor t o t h e e x t e n t of f u r n i s h i n g general economic in format ion and a d v i c e , general economic s t a t i s t i c a l f o r e c a s t i n g s e r v i c e s , and i n d u s t r y s t u d i e s t o bus ines s concerns seeking help with such m a t t e r s ; a c t i n g as investment or f i n a n c i a l a d v i s o r t o the ex t en t of provid ing p o r t -f o l i o investment advice e x c l u s i v e l y to Bancorp Venture C a p i t a l , I n c . , a s u b s i d i a r y co rpo ra t i on of Home

San Franc i sco

San Franc isco

37 4 ( c ) ( 8 ) n o t i f i c a t i o n processed by Reserve Bank on behalf of the " Board of Governors under de lega ted a u t h o r i t y .


H.2, 1983 No. 51 - 15 -


I n t e r s t a t e Bancorp; and l e a s i n g personal proper ty or a c t i n g as a g e n t , b r o k e r , or adv i sor in l e a s ing such p rope r ty in accordance with Regula t ion Y; the fo rego ing s e r v i c e s wi l l be provided p r i n c i p a l l y t o emerging small bus ines s concerns ; l e a s i n g a c t i v i t i e s wi l l i nc lude l e a s e s f o r c a p i t a l equipment, f o r example, t r a d e f i x t u r e s , p roduct ion equipment, and r o l l i n g s t o c k , t h e l e a s e t r a n s a c t i o n s arranged by Home I n t e r s t a t e F inanc ia l S e r v i c e s , I n c . , wi l l be with p r i v a t e l y owned b u s i n e s s e s in t h e r e t a i l i n g , w h o l e s a l i n g , and manufac tur ing i n d u s t r i e s ) a t 2633 Cherry Avenue, Signal H i l l , C a l i f o r n i a , se rv ing the 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 , Home I n t e r s t a t e s F inanc ia l S e r v i c e s , Inc . (12/23/83) 3/

San Moore F inanc ia l Group I n c o r p o r a t e d , Boise , Idaho, F ranc i sco n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s

( in making or a cqu i r i ng loans and o the r ex tens ions of c r e d i t such as would be made by a commercial or non-commercial f i n a n c i a l company or mortgage company, inc lud ing loans secured by a bo r rower ' s i n v e n t o r y , accounts r e c e i v a b l e , rea l p r o p e r t y , or o t h e r a s s e t s ; s e r v i c i n g such loans f o r o t h e r s ; and making l e a s e s of rea l or personal p roper ty in accordance with the Board ' s Regula t ion Y) in Boise , Idaho; S a l t Lake C i t y , Utah; and Beaver ton, Oregon, t h e s e a c t i v i t i e s would be performed in t he S t a t e s of Idaho, Utah and Oregon, through i t s s u b s i d i a r y , Moore Corporate F inanc ia l S e r v i c e s , Inc . ( t o be renamed Moore F inanc ia l S e r v i c e s , I n c . ) (12/24/83) 3/

San Secu r i t y P a c i f i c Corpora t ion , Los Angeles , C a l i f o r n i a , F ranc i sco n o t i f i c a t i o n of i n t e n t t o engage in de novo

a c t i v i t i e s ( i n c e r t a i n t r u s t company a c t i v i t i e s , i nc lud ing a c t i n g as t r u s t e e , e x e c u t o r , c o n s e r v a t o r , a d m i n i s t r a t o r , g u a r d i a n , managing a g e n t , cus todian or in o t h e r s i m i l a r c a p a c i t i e s and provid ing i n v e s t -ment or f i n a n c i a l advice t o i n s t i t u t i o n s and i n d i v i d u a l s ) a t 333 South Hope S t r e e t , Los Angeles , C a l i f o r n i a ; 500 Newport Center Dr ive , Newport Beach, C a l i f o r n i a ; 1200 Third Avenue, San Diego, C a l i f o r n i a and One Embarcadero Cen te r , San F r a n c i s c o , C a l i f o r n i a , se rv ing t h e United S t a t e s through i t s s u b s i d i a r y , P a c i f i c Century Group, a t r u s t company organized pursuant t o the C a l i f o r n i a F inanc ia l Code (12/24/83) 3/

"37 4 (c ) (y) n o t i f i c a t i o n processed by Reserve Bank on behal f of the Board of Governors under de lega ted a u t h o r i t y .


P . ? , MP? No. 51 - 16 -


Sen Valley National Corpora t ion , Phoenix, Arizona, n o t i f i c a t i o n Franc isco of i n t e n t t o engage in de novo a c t i v i t i e s (making con-

sumer loans and o the r e x t e n s i o n s of c r e d i t on a secured and unsecured b a s i s f o r i t s own account and the account of o t h e r s such as would be made by a consumer f i n a n c e company; t o engage in t h e a c t i v i t y of a cqu i r i ng consumer loans and o the r ex t ens ions of c r e d i t on a secured and unsecured b a s i s f o r i t s own account and the account of o t h e r s such as would be acquired by a s a l e s f i n a n c e company; t o engage in t h e a c t i v i t y of making consumer l e a s e s f o r i t s own account and the account of o t h e r s such as would be made by a l e a s e f i nanc ing company; t o engage in the a c t i v i t y of acqu i r ing consumer l e a s e s f o r i t s own account and the account of o t h e r s such as would be acqui red by a l e a s e f i nanc ing company; to engage in the a c t i v i t y of f i nanc ing the inventory of motor v e h i c l e d e a l e r s by provid ing f l o o r -plan f i n a n c i n g f o r i t s own account and the account of o t h e r s such as would be made by a commercial f i nance company; and to engage in t h e a c t i v i t y of ac t ing as agent or broker with regard to c r e d i t l i f e and d i s a b i l i t y i n su rance ) in Oklahoma C i t y , Oklahoma, se rv ing t h e S t a t e of Oklahoma, through i t s s u b s i d i a r y , Valley National F inanc ia l Serv ices Company of Oklahoma (12/24/83) 2 /

* * * * *

Appl ica t ion to the Board of Governors of t h e Federal Reserve System fo r P r io r Approval of an Acqu i s i t i on Pursuant t o Sec t ion 5(b) of t h e Bank

Serv ice Corpora t ion Ac t , as Amended

Approved S t . l o u i s L ibe r ty National Bank and Trust Company of L o u i s v i l l e ,

L o u i s v i l l e , Kentucky, f o r approval t o engage in the underwr i t ing of c r e d i t insurance through i t s s u b s i d i a r y , LNB L i f e Insurance Company, L o u i s v i l l e , Kentucky.

cTclTxl n o t i M r a r i f n processed by Reserve Bank on behalf of the CnvArnors under de l ega t ed a u t h o r i t y .


H.2, 1983 No. 51 - 1 7 -

APPLICATIONS RECEIVED

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

Philadelphia United Jersey Bank/Southwest, Camden, New Jersey, t o e s t a b l i s h an o f f s i t e e l ec tron ic f a c i l i t y a t 152 Boulevard, Hasbrouek Heights , New J e r s e y . 2/

Chicago Michigan Bank-Port Huron, Port Huron, Michigan, to e s tab l i sh an EFT a t Marwi1 Bookstore, 4870 Cass Avenue, D e t r o i t , Michigan. 2/

* * * * *

San Francisco

San Francisco

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

Pioneer Bank, Ful lerton, Ca l i forn ia .

Pac i f i c Island Bank, Anaheim, Cal i forn ia . 2/

* * * * *

To Establ ish an Overseas Branch of a Member Bank Pursuant to Sec t ion 25 of t h e Federal Reserve Act

New York Citibank, N.A., New York, New York: prior n o t i f i -cat ion of i t s i n t e n t to e s t a b l i s h two i n i t i a l branches in Bangkok, Thai land .

* * * * *

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

Philadelphia First National Bancorp, Inc . , Centre Hall , Pennsylvania, for approval to acquire 100 percent of the voting shares of The First National Bank of Centre Hall , Centre Hal l , Pennsylvania.

AppTTfation subject to Community Reinvestment Act. The Community A f f a i r s Of f i cer of the appl icable Reserve Bank may be contacted as m the length of the comment period.

I


n . r , s ' ~ l a -

RECEIVED * Continued

n e v e W n d H r s t / e s t e r r Pennbancorp, Inc.* New Cast le , Pennsyl-vania, for approval to acquire TOO percent of the voting shares of F irs t National Bank of Western Pennsylvania, New Cas t l e , Pennsylvania. 2/

Pic " F irs t ^anc Secur i t i e s* I n c . , Morgantown, West Virginia , for approval to acquire 100 percent of the voting shares of the successor by merger to The First National Rank of Morgantown, Morgantown, West Virg in ia . 2/

Chicago Avenue Financial Corporation, Oak Park, I l l i n o i s , for prcval to merge with Transworld Delaware Corp.,

!_jfe Forest , I l l i n o i s , the successor by merger to "ransworld Corp., Lake Forest , I l l i n o i s and i n d i r e c t l y acquire 32.7 percent of Dempster Plaza State Bank, Wiles, I l l i n o i s and 92.8 percent of The Northlake Bank, Northlake, I l l i n o i s ; and acquire 93.5 percent of Avenue Bank of Elk Grove, Elk Grove Vi1lage , I I l i n o i s . 2/

St . Louis Maries County Bancorp., I n c . , Vienna, Missouri, for approval to acquire at l e a s t 83.1 percent of the voting shares of Maries County Bank, Vienna, Missouri and 97 .9 percent of the shares of Be l l e State Bank, B e l l e , Missouri . 2/

St . Louis r ^ Rankshares, Inc . , Mena, Arkansas, for approval f acquire at l e a s t 80 percent of the voting shares or the Union Bank of Mena, Mena, Arkansas. 2/

Minneapolis Eden Valley Bancshares, Inc . , Eden Val ley , Minnesota, for approval to acquire 100 percent of the voting shares of State Bank in Eden Val ley, Eden Val ley, Minnesota. 2 /

Minneapolis Fessenden Bancshares, In c . , Fessenden, North Dakota, for approval to acquire 100 percent of the voting shares of The F irs t National Bank of Fessenden, Fessenden, North Dakota. 2/

Mnnf^rnl i s Midwest Bancshares, Inc . , Edina, Minnesota, for approval to acquire at l e a s t 91 .8 percent of the voting shares of State Bank of Sleepy Eye, Sleepy Eye, Minnesota. 2/

77 Appitcation subject to Community Reinvestment Act. The Community Af fa i r s Of f i cer of the appl icable Reserve Bank may be contacted as to the length of the comment period.


H.2, 1983 No. 51 - 1 9 -

APPLICATIONS RECEIVED - Continued

Kansas City

Hall as

San Franc i sco

National Bancshares , I n c . , Oklahoma C i t y , Oklahoma, f o r approval t o a c q u i r e a t l e a s t 80 percent of the vot ing sha re s of American National Bancshares , I n c . , Midwest C i t y , Oklahoma and i n d i r e c t l y acqu i re American National Bank of Midwest C i t y , Midwest C i t y , Oklahoma.

Independent F i n a n c i a l , I n c . , Lubbock, Texas, fo r approval t o a c q u i r e a t l e a s t 80 percen t of t he vot ing sha res of Whisperwood National Bank, Lubbock, Texas. 2/

P a c i f i c Inland Bancorp, Anaheim, C a l i f o r n i a , f o r approval t o a cqu i r e 100 pe rcen t of t h e vo t ing shares of P a c i f i c Inland Bank, Anaheim, C a l i f o r n i a , a proposed new bank. 2/

* * * * *

To Expand a Bank Holding Company Pursuant t o Sect ion 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956

At lan ta Banco Zaragozano, S . A . , Madrid, Spain ; Banzano I n t e r n a t i o n a l , N.V., Curacao, Nether lands A n t i l l e s ; Banzano, B.V. , Amsterdam, Ne the r l ands ; and, Mi ami National Bancorp, Coral Gables , F l o r i d a , fo r approval t o a cqu i r e 89 .7 pe rcen t of the vot ing shares of I n t e r n a t i o n a l Bank of Mi ami, N.A., South Miami, F l o r i d a . 2/

At lan ta

Chicago

Southern Bancorp, I n c . , Waycross, Georgia , f o r approval t o a c q u i r e 100 percen t of t h e vot ing shares Mount Vernon Bank, Mount Vernon, Georgia .

Second National Corpora t ion , Richmond, Ind iana , fo r approval t o a cqu i r e a t l e a s t 94,89 pe rcen t of the vo t ing sha re s of Ben tonv i l l e S t a t e Bank, B e n t o n v i l i e , I nd i ana . 2/

Dal l a s A l l i ed Bancshares , I n c . , Houston, Texas, f o r approval to a c q u i r e 100 pe rcen t of t h e vo t ing shares of Al l i ed Bank North C e n t r a l , N.A., D a l l a s , Texas, a proposed new bank. 2/

2/ App l i ca t ion s u b j e c t t o Community Reinvestment Act . 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 Reserve Bank may be con tac ted as to the length of the comment p e r i o d .


H.2, 1983 No. 51 - 2 0 -


To Retain Bank Shares Acquired in a F iduc ia ry Capaci ty Pursuant t o Sec t ion 3 of t h e Bank Holding Company Act of 1956

Kansas Ci ty F i r s t Bancorp of Kansas, Wich i t a , Kansas, f o r approval t o r e t a i n through t h e t r u s t department of i t s sub-s i d i a r y , F i r s t National Bank in Wichi ta , Wichi ta , Kansas, acqui red sha re s in Stockgrowers S t a t e Bank, Ashland, Kansas and F i r s t National Bank in Neodesha, Neodesha, Kansas.

* * * * *

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

New York C i t i c o r p , New York, New York, f o r approval to acqu i r e through i t s wholly-owned s u b s i d i a r y , C i t i c o r p Person-t o - P e r s o n , I n c . , t h e s u c c e s s o r s by supe rv i so ry convers ion-merger t o New Biscayne Federal Savings & Loans A s s o c i a t i o n , Miami, F l o r i d a , and F i r s t Federal Savings and Loan Assoc ia t ion of Chicago, Chicago, I I I i n o i s .

P h i l a d e l p h i a CoreS ta tes F inanc ia l Corp, P h i l a d e l p h i a , Pennsy lvan ia , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( in t he o r i g i n a t i o n of FHA, VA and convent ional r e s i d e n t i a l mortgage loans and second mortgage loans) near 63rd S t r e e t and Western Avenue, Oklahoma C i ty , Oklahoma, se rv ing t h e S t a t e of Oklahoma, through i t s s u b s i d i a r y , Colonial Mortgage Serv ice Company A s s o c i a t e s , Inc . (12 /20 /83)

P h i l a d e l p h i a North Cent ra l F inanc ia l C o r p o r a t i o n , Emporium, Pennsy lvan ia , n o t i f i c a t i o n of i n t e n t t o engage in de novo a c t i v i t i e s ( in da ta p rocess ing a c t i v i t i e s and the s a l e of r e l a t e d s o f t w a r e programs i n c l u d i n g t h e i n t e r a c t i v e process ing of f i n a n c i a l i n s t i t u t i o n s , h o s p i t a l s and local m u n i c i p a l i t i e s ; p rocess ing a c t i v i t i e s wi l l t ake place in Pennsylvania and New York with so f tware s a l e s t a k i n g p l ace n a t i o n a l l y in t h e United S t a t e s ) in Emporium, Pennsy lvan i a , through i t s s u b s i d i a r y , P rov i s ion Sof tware Se rv i ce s Inc . (12/21/83)

Richmond F i r s t Union C o r p o r a t i o n , C h a r l o t t e , North C a r o l i n a , fo r approval t o a c q u i r e 100 percen t of t he vot ing sha res

>aler S e c u r i t i e s , I n c . , Winston-Salem, North rc l

App l i ca t ion s u b j e c t to Community Reinvestment Act . 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 Reserve Bank may be con tac ted as t o t h e l eng th of the comment p e r i o d .


H.2, 1983 No. 51 - 2 1 -


Richmond

Atlanta

Chicago

St . Louis

S t . Louis

Minneapol is

United Financial Banking Companies, In c . , Vienna, Virg in ia , n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s (making or acquiring loans and other extensions of cred i t such as would be made by a f inanc ia l i n s t i t u t i o n , including a c t i v i t i e s such as serv ic ing loans, par t i c ipat ing in l o a n s , and purchasing stock in other companies of not more than 5 percent) in Virg in ia , Maryland, and the D i s t r i c t of Columbia (12 /21 /83)

F l int Bancshares, Inc . , Cordele, Georgia, n o t i f i c a t i o n of in tent to engage in de novo a c t i v i t i e s ( in pur-chasing loans on a non-recourse bas i s ) at 1620 Sixteenth Avenue, East , Cordele, Georgia, through i t s s u b s i d i a r y , Cordele Banking Company (12 /24 /83)

NBO Bancorp, I n c . , De tro i t , Michigan, n o t i f i c a t i o n of intent to engage in de novo a c t i v i t i e s ( in mortgage hanking a c t i v i t i e s , including the making and acquiring of mortgage loans for i t s own account and for the account of others and such other extens ions of credi t as would be made by a mortgage company) these a c t i v i t i e s would be conducted in the State of Kentucky, through i t s subs id iary , NBD Mortgage Company (12/15/83)

F i r s t Arkansas Bankstock Corporation, L i t t l e Rock, Arkansas, n o t i f i c a t i o n of i t s intent to engage in de novo a c t i v i t i e s ( i n making, procuring or acquiring loans and other extens ions of c r e d i t for the accounts of others as would be made by commercial banks, savings and loan a s s o c i a t i o n s , or other s imi lar - type f inanc ia l i n s t i t u t i o n s ; s e r v i c i n g such loans for o thers ; providing investment or f inanc ia l advice and providing management consult ing advice t o n o n a f f i l i a t e d banks and nonbanking depository i n s t i t u t i o n s in accordance with the Board's Regulation Y) these a c t i v i t i e s w i l l be performed in the States of Arkansas, Tennessee, M i s s i s s i p p i , Louisiana, Texas, Oklahoma, Missouri , and Kansas, through i t s subs id iary , FABCO Mortgage Company, Inc . d /b /a FABCO Assoc ia tes Finance, Incorporated (12/16/R3)

Union Bankshares, In c . , Mena, Arkansas, for approval to engage d i r e c t l y in real e s t a t e apprais ing.

Rovey Financial Corporation, Bovey, Minnesota, for approval to acquire 100 percent of Bovey Insurance Serv i ce , Bovey, Minnesota, a s o l e proprietorship; Company conducts general insurance a c t i v i t i e s in a town of l e s s than 5,000 populat ion.


N t i l f r - Continued

TTy !ancorporation, Minneapolis, Minnesota, ^ ^ f t o c iqu ire the a s s e t s of a going con-t w , :^ers"*it*d Discount and Acceptance Corporation,

Minnesota .

fc ruf r < , 1$ , .iter! m y , Kansas, for approval to expand t e *;^nera! insurance operations of i t s subs id iary , ~r*. ^doners ute Agency, through the acqu i s i t i on of ^ s

. . ^ . - ? 3 -

; r . Continued

Pancorp, Anaheim, Cal i fornia* for ' " v^* T- gire 100 percent of the voting shares

* , M:* y Management, Inc.* pursuant to " " : ' Pac i f i c Inland Venture Corp., (in

pursuant to Section 4 ( c ) ( 7 ) n bus iness investment company not yet f* irtcnT ar named pursuant to Section 4 ( c ) ( 5 ) .

^ "* ,*c:f ic Corporation, Los Angeles, Ca l i forn ia , ^ to engage in de novo a c t i v i t i e s

^ , le$

H,? f 1983 to. Si - ?4 -


REPORTS RECEIVED

None,

* * * * *

PETITIONS FOR RULEMAKING

None.
