h2_19750208.pdf

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

Applications and Reports Received or Acted on

and All Other Actions of the Board H.2 1975 No. 6 During the Week Ending February 8, 1975

District Date

Current Report Filed Pursuant to Section 13 of the Securities Exchange Act

Received 8 Southwest Bank of St. Louis, St. Louis, Missouri 2-7-75

* * * * *

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

Approved *FTB Bank, Cincinnati, Ohio

* * * * *

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

Received 2 First Trust and Deposit Company, Syracuse, New York.

Branch to be established in the Southeast corner, Wegman's Food Store, 4999 West Taft Road, (Unincorporated Area) Town of Clay, Onondaga County.

2 Lincoln First Bank of Rochester, Rochester, New York. Branch to be established at 6600 Pittsford-Palmyra Road, Town of Perinton (Unincorporated Area), Monroe County.

*Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority.

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

Received Cont'd Manufacturers Hanover Trust Company, New York, New York.

Branch to be established at 55 Water Street, as an adjunct to the office at 4 New York Plaza.

The Southern Ohio Bank, Cincinnati, Ohio. Branch to be established on Delhi Pike, Delhi Township, Hamilton County.

State Bank of Remington, (Incorporated), Remington, Virginia. Branch to be established on U.S. Route 17 near its inter-section with State Route 28, in the community of Bealeton, Fauquier County.

Manistee Bank & Trust Company, Manistee, Michigan. Branch to be established in the vicinity of U.S. 31 and M-55, Manistee Township, Manistee County.

Vc iV -k -k ~k

To establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act

Received Republic National Bank of Dallas, Dallas, Texas:

a branch in the Republic of Singapore, to be located in Singapore.

Approved United California Bank, Los Angeles, California:

a branch in Belgium, to be located in Brussels.

*V * * Vr

To establish an Overseas Branch of a Corporation Organized under Section 25(a) of the Federal Reserve Act

Received Rainier International Bank, Los Angeles, California:

an additional branch in Hong Kong , to be located in Kowloon.


H.2 1975 No. 6 - 3 -

International Investments and Other Actions Approved Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)9 and 4(c)13 of the Bank Holding Company Act of 1956, as amended

2 Chase Manhattan Overseas Banking Corporation, New York, New York: to acquire 100,0 percent of Deutsche Familienbank A.G., Dusseldorf, Germany, from The Chase Manhattan Bank, N.A.

2 Marine Midland Bank, New York, New York: an extension of time in which to divest of shares of Banco de Guayaquil, Ecuador.

6 The Chase Bank International - Miami, Miami, Florida: removal of the standard subsidiary conditions imposed on holdings of shares of Inversiones Atlantida, S.A., Tegucigalpa, Honduras.

7 First Chicago International Finance Corporation, Chicago, Illinois: an additional investment to maintain its 40.0 percent interest in the Siam Credit Corporation, Bangkok, Thailand.

12 Crocker International Corporation, San Francisco, California: to acquire 100.0 percent of a financial company in Canada.

12 United California Bank, Los Angeles, California: competitive factors report to the Federal Deposit Insurance Corporation on the proposed merger of United California Bank S.A./N.V., Brussels, Belgium with United California Bank, Los Angeles.

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

Approved 4 * The Fifth Third Bank, Cincinnati, Ohio for prior approval

to merge with FTB Bank, Cincinnati, Ohio.

Vc * /V ic

^Application processed by the Reserve Bank on behalf of the Board of Governors under delegated authority.


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

Received Total Bancshares Corp., Miami, Florida, for approval

to acquire not less than 60,604 and not more than 79,100 shares of the voting shares of The Americas Bank, Miami, Florida.

Nabach, Inc., Farmer City, Illinois, for approval to acquire 52.27 per cent of the voting shares of State National Bank of Lincoln, Lincoln, Illinois, and to acquire 1.33 per cent of the voting shares of National Bank of Chenoa, Chenoa, Illinois.

Community Insurance Agency, Inc., Haxtun, Colorado, for approval to acquire an additional 74.7 per cent of the voting shares of Haxtun Community Bank, Haxtun, Colorado.

Washington 1ST Banco, Inc., Washington, Kansas, for approval to acquire 86 per cent or more of the voting shares of The First National Bank of Washington, Wash-ington, Kansas.

Approved Fifth Third Bancorp, Cincinnati, Ohio, for approval

to acquire 100 per cent of the voting shares (less directors1 qualifying shares) of the successor by merger to The Fifth Third Bank, Cincinnati, Ohio.

* * * * *

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

Received Central Bancshares of the South, Inc., Birmingham,

Alabama, for approval to acquire 100 per cent (less directors1 qualifying shares) of the voting shares of Citizens Bank of Tuscaloosa, National Association, Tuscaloosa, Alabama, a proposed new bank.


H. 2 1975 No. 6

Approved 8 Mercantile Bancorporation Inc., St. Louis, Missouri,

for approval to acquire at least 90 per cent of the voting shares (plus directors' qualifying shares) of State Bank of Willow Springs, Willow Springs, Missouri.

11 First United Bancorporation, Inc., Fort Worth, Texas, for approval to acquire additional voting shares of University Bank, Fort Worth, Texas.

11 Victoria Bankshares, Inc., Victoria, Texas, for approval to acquire 100 per cent of the voting shares (less directors1 qualifying shares) of the successor by merger to The Jackson County State Bank, Edna, Texas.

12 Utah Bancorporation, Salt Lake City, Utah, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of Weber Valley Bank, Ogden, Utah, a proposed new bank.

* * * * *

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

Received 1 **First National Boston Corporation, Boston, Massachusetts, 2- 3-75

notification of intent to engage in de novo activities (making, acquiring, and servicing for its own account, loans and other extensions of credit including loans to individuals for property improvement, debt consolida-tion, and other purposes, in Alabama and elsewhere in southeastern United States) at 602 Bel Air Boulevard, Suite 11, Mobile, Alabama, through a subsidiary, CAE Acceptance Corporation.

6 **Ancorp Bancshares, Chattanooga, Tennessee, notification 2- 4-75 of intent to engage in cle novo activities (making and acquiring, for its own account or for the account of others, loans and other extensions of credit such as would be made by a finance company; acting as insurance agent or broker with respect to any insurance that is directly related to loans and other extensions of credit by Ancorp Finance Company and is directly related to the providing of other financial services by Ancorp Finance Company) at Chattanooga, Tennessee, through a subsidiary, Ancorp Finance Company.

**4(c)(8) and 4(c)(12) notifications processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H.2 1975 No. 6

Received Continued 6 **Trust Company of Georgia, Atlanta, Georgia, notification 2 -7-75

of intent to shift de_ novo activities (providing book-keeping and data processing services for the internal operations of the holding company and its subsidiaries and affiliates; storing and processing other banking, financial, and related economic data, and performing such incidental activities as are necessary to carry on the foregoing; including in the above, but not limited to, providing services relating to corporate trust, factoring, fixed assets, general ledger, line of credit, marketing systems, project control, profit sharing, payroll, safekeeping, staff sales, time accounting, computer time, computer software, payroll services, audio response, auditing, bond accounting, certificate of deposit, check reconcilement, demand deposit account-ing, installment loan, bookkeeping, loans and discounts, savings and personal trust services (but not including computer output microfilming operations), for the hold-ing company, subsidiaries, affiliates, and other banks and businesses) at Atlanta, Augusta, Macon, Columbus, Savannah, and Douglas, Georgia, from its subsidiary, Trust Company Bank to Trust Company of Georgia.

7 Merchants National Corporation, Indianapolis, Indiana, for approval to acquire the shares of KMS Mortgage & Investment Company, Columbus, Ohio.

7 Nabach, Inc., Farmer City, Illinois, for approval to continue to engage in the provision of investment ad-visory service for the National Bank of Chenoa, Chenoa, Illinois; to continue to operate a general insurance agency in an office of said bank; and to act as an insurance agent or broker in an office at State National Bank of Lincoln, Lincoln, Illinois.

10 **Colorado National Bankshares, Inc., Denver, Colorado, 2- 6-75 notification of intent to engage in de novo activities (acting as insurance agent or broker with respect to insurance directly related to extensions of credit by Colorado National Bankshares, Inc., and its subsidiar-ies) on the premises of Aspen Industrial Bank, Aspen, Colorado, through a subsidiary, Colorado National In-surance Agency, Inc.



H.2 1975 No. 6 - 7

Received Continued 10 Community Insurance Agency, Inc., Haxtun, Colorado,

for approval to continue to engage in insurance activ-ities through Community Insurance Agency, Inc., Haxtun, Colorado.

10 **United Rock Construction, Inc., Weeping Water, Nebraska, 2- 4-75 notification of intent to engage in de novo activities (personal property leasing activities) on the premises of Security National Bank Building, Superior, Nebraska.

Delayed 12 **Western Bancorporation, Los Angeles, California, notifica- 2- 3-75

tion of intent to engage in de novo activities (acting as investment or financial adviser to the extent of serving as investment adviser as defined in Section 2(a)(20) of the Investment Company Act of 1940, to an investment company registered under that Act; providing portfolio investment advice to other persons; and furn-ishing general economic statistical forecasting services and industry studies) at 707 Wilshire Boulevard, Los Angeles, California, and 405 Montgomery Street, San Francisco, California, through a subsidiary, Western Asset Management Company.

Permitted 3 **Fidelcor, Inc., Rosemont, Pennsylvania, notification 2- 3-75

of intent to engage in cle novo activities (acting as investment or financial adviser to the extent of pro-viding portfolio investment advice, particularly in real property interests; and selling insurance protecting the collateral securing the extensions of credit that CCT or some other direct or indirect subsidiary of Fidelcor has made including builders1 risk insurance which may include liability insurance sold in conjunction with the physical damage insurance contained in and as part of such build-ers1 risk policy package, as a matter of general practice) at 154 Derby Avenue, New Haven, Connecticut, through its subsidiary, CCT Financial Services, Inc.



H.2 1975 No.

Permitted Continued 3 **Fidelcor, Inc., Rosemont, Pennsylvania, notification of 2- 2-75

intent to relocate de novo activities (making and ac-quiring, consumer and mortgage loans to individuals particularly second mortgage loans; servicing these loans and possibly other loans secured by mortgages on properties in Massachusetts where the loans are owned by direct or indirect subsidiaries of Fidelcor; and selling credit life, credit health and accident, mortgage life and disability insurance, dismemberment and accidental death insurance, and insurance protecting the collateral securing the extensions of credit but not including liability insurance unless it is sold in conduction with and as part of a package of insurance relating to physi-cal damage of such collateral and through Master Life Insurance Company, an indirect subsidiary of Fidelcor reinsuring consumer type credit life, health and acci-dent insurance) from 480 Adams Street, Milton, Massachu-setts, to 269 Harvard Street, Brookline, Massachusetts, through its indirect subsidiary, Local Mortgage Company of Massachusetts, Inc.

5 **Maryland National Corporation, Baltimore, Maryland, 2 2-75 notification of intent to engage in de novo activities (engaging generally in the business of leasing personal property, including, but not limited to, the leasing of various types of equipment, machinery, vehicles, trans-portation equipment, and data processing equipment; originating personal property leases as principal or agent; servicing personal property leases for affiliated or nonaffiliated individuals, partnerships, or corpora-tions; buying and selling and otherwise dealing in personal property lease contracts as principal or agent; acting as adviser in personal property leasing trans-actions; and acting as agent or broker in the sale of insurance similar in form to credit life and or mortgage redemption insurance directly related to an extension of credit) at 10 Light Street, Baltimore, Maryland, through a subsidiary, Maryland Affiliate Corp.



H..2 1975 No. 6 - 9

Permitted Contineud **First Alabama Bancshares, Inc., Montgomery, Alabama, 2- 3-75

notification of intent to engage in de novo activities (acting as insurance agent or broker with respect to credit life/accident and health insurance that is dir-ectly related to the extension of credit by a bank or bank related firm, and credit life or accident insurance that is directly related to the provision of other financial services by a bank or bank related firm) at Phenix City, Alabama, through a subsidiary, FAB Agency, Inc.

**First Bank System, Inc., Minneapolis, Minnesota, notification 2- 2-75 of intent to relocate de novo activities (making or acquiring, for its own account or for the account of others, loans or other extensions of credit such as would be made by a finance company; and incidental credit-related insurance agency activities) from 6160 North Cicero Avenue, Chicago, Illinois, to 2628 Golf Road, Glenview, Illinois, through its subsidiary, FBS Financial, Inc.

Withdrawn 7 Nortrust Corporation, Chicago, Illinois, for approval

to engage de novo in a joint venture (with U.S. Bancorp, Portland, Oregon) to be known as Nortrust Datacorp, Inc., Chicago, Illinois.

12 **Patagonia Corporation, Tucson, Arizona, notification of 1-30-75 intent to engage in de novo activities (leasing real property or acting as agent, broker, or adviser in leasing such property) at 222 West Osborn Road, Phoenix, Arizona, through its subsidiary, Patagonia Leasing Company.

12 U.S. Bancorp, Portland, Oregon, for approval to engage de novo in a joint venture (with Nortrust Corporation, Chicago, Illinois) to be known as Nortrust Datacorp, Inc., Chicago, Illinois.

6

9



H.2 1975 No. 6 - 1 0 -

To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956

Received 2 **The Sperry and Hutchinson Company, New York, New York, 2- 3-75

notification of intent to acquire, through a subsidiary, Heber J Grant & Company, Salt Lake City, Utah.

7 **The Jacobus Company, Milwaukee, Wisconsin, notification 2- 6-75 of intent to acquire the residential and commercial heating fuel oil business of Baumann Oil Company in the Racine, Wisconsin area.

Reactivated 7 **The Jacobus Company, Milwaukee, Wisconsin, notification 2- 6-75

of intent to acquire the residential and commercial heating fuel oil business of Mobil Oil Corporation in the metropolitan area; in addition, The Jacobus Company would acquire five service trucks and the accounts receivable relating to such business.

* * * * *

Other Actions of the Board

Freedom of Information Act, denial of access to certain information in the Board's files relating to courier services.

***First Banc Group of Ohio, Inc., Columbus, Ohio, extension of time to commence business of its approved de novo subsidiary First Group Mortgage Corporation, Columbus, Ohio, until May 8, 1975.

Liberty National Corporation, Oklahoma City, Oklahoma, extension of time, from January 1, 1975, to and including December 31, 1975, within which to dispose of certain property.

***Southeast Banking Corporation, Miami, Florida, extension of time until May 13, 1975, within which to commence the activities of Southeast Credit Insurance Agency, Inc.


***Processed on behalf of the Board of Governors under delegated authority.


H. 2 » 1975 No. 6 11

Continued ***Farmers and Merchants Bank of Central California, Lodi,

California, extension of time to August 22, 1975, within which to establish a branch on McHenry Avenue between Woodrow and Floyd Avenues, City of Modesta, California.

***Northeast Bank of Sanford, Sanford, Main, extension of time to March 15, 1976, within which to establish a branch at Main and Irving Streets, Town of Sanford, Maine.

Letter from The Philadelphia Saving Fund Society, Philadelphia, PA., regarding their participation in automated clearing house arrangements.

Reevaluation of System decision to discontinue separate sorting of checks for nonbank payors, specifically state treasurers.

Half Dollar Trust and Savings Bank, Wheeling, West Virginia, request for permission to establish a trust department with full fiduciary powers.

The Provident Bank, Cincinnati, Ohio, issuance of subordinated capital notes.

Bankers Trust of Rockland County, Spring Valley, New York, proposed merger with Bankers Trust Hudson Valley, National Association, Poughkeepsie, New York; report to the Comp-troller of the Currency on competitive factors.

Colonial Industrial Bank, Bangor, Maine, proposed acquisition by United Canal Bank, Bangor, Maine; report to the Federal Deposit Insurance Corporation on competitive factors.

First Bank of Cordova, Cordova, Alaska, proposed merger with National Bank of Alaska, Anchorage, Alaska; report to the Comptroller of the Currency on competitive factors.

United California Bank S.A./N.V., Brussels, Belgium, pro-posed merger by United California Bank, Los Angeles, California; report to the Federal Deposit Insurance Corporation on competitive factors.

***Processed on behalf of the Board of Governors under delegated authority.


Documents

h2_19750208.pdf