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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1981 No. 23) J dm.'C - ! '' Actions of the Board; Applications and Reports Received During the Week Ending Jfrne 6, 1981 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Statement by Governor J. Charles P&rtee before the Sub- committee on General Oversight arnd Renegotiation of the House Banking Committee to discuss the examination process and recent efforts to ir&k^'Wami nations more cost effective and more uniform among the Federal super- visory agencies. Chrysler Corporation, letter in response to request for the Board's views of issues relating to the proposed formation of a wholly-owned subsidiary, Automot ive Fi- nancial Services, Inc., a limS-Wd purpose bank chartered under the laws ot the State of T 'MicHigah. The Board has approved a proposed agreement between the Federal Reserve Bank o f New York and New York Clearing House Association under vhich the Bank's facilities would be used to assist same-defy settlement of payments transfers cleared through the Cldanng House Interbank Payments System ("CHIPS"). ^ Appointment of Mr. Michael Brad f i e l d , as General Counsel, effective July 1, 1981. Atlanta Extensjpn ot time to September 3, 1981, within which to consummate the order granting approval for Central Bancorp, Inc., Miami, Florida, to acquff-fe "shares of Central Bank of Delray Beach, Florida. If Dallas Consolidated Bancorp, Inc., Waco, Texas, extension of time to June 26, 1981, within which to consummate the acquisition of: The First National Bank of Rosebud, Rosebud, Texas; The First National Bank, Hill46br8, 'f&kas; and First State Bank of Hewitt, Hewitt, Texas. 1/ 1/ Application processed on behalf ot the Board ot Governors under delegated authority. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2 , 1981 No. 23)

J dm.'C - ! '' A c t i o n s of t h e Board; A p p l i c a t i o n s and Reports

Received During the Week Ending Jfrne 6, 1981 APPLICABLE

RESERVE BANK ACTIONS OF THE BOARD

Statement by Governor J . Charles P&rtee before the Sub-committee on General Overs ight arnd R e n e g o t i a t i o n of the House Banking Committee to d i s c u s s the examination p r o c e s s and recent e f f o r t s to ir&k^'Wami na t ions more c o s t e f f e c t i v e and more uniform among the Federal super -v i s o r y a g e n c i e s .

Chrys ler Corporat ion , l e t t e r in response to request for t h e Board's views of i s s u e s r e l a t i n g to the proposed format ion of a wholly-owned s u b s i d i a r y , Automot ive F i -n a n c i a l S e r v i c e s , I n c . , a limS-Wd purpose bank chartered under the laws ot the S t a t e ofT'MicHigah.

The Board has approved a proposed agreement between t h e Federal Reserve Bank of New York and New York Clear ing House A s s o c i a t i o n under vhich t h e Bank's f a c i l i t i e s would be used to a s s i s t same-defy s e t t l e m e n t of payments t r a n s f e r s c l e a r e d through t h e C l d a n n g House Interbank Payments System ("CHIPS"). ^

Appointment of Mr. Michael Brad f i e l d , a s General Counsel , e f f e c t i v e J u l y 1, 1981.

A t l a n t a Extensjpn ot time to September 3 , 1981, w i th in which to consummate the order grant ing approval for Central Bancorp, I n c . , Miami, F l o r i d a , t o acquff-fe "shares of Central Bank of Delray Beach, F l o r i d a . If

D a l l a s Conso l idated Bancorp, I n c . , Waco, Texas, e x t e n s i o n of time to June 26, 1981, w i t h i n which to consummate the a c q u i s i t i o n o f : The F i r s t Nat ional Bank of Rosebud, Rosebud, Texas; The F i r s t Nat iona l Bank, H i l l 4 6 b r 8 , 'f&kas; and F i r s t S t a t e Bank of Hewi t t , Hewi t t , Texas . 1/

1/ A p p l i c a t i o n processed on behalf ot the Board ot Governors under de legated a u t h o r i t y .

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H.2, 1981 No. 23 - 2 -

ACTIONS OF THE BOARD-Cont inued

Kansas Ci ty F i r s t Community Bancorporat ion, J o p l i n , Missour i , e x t e n -s i o n of time t o Ju ly 31, 1981, w i t h i n tdiich to consummate the a c q u i s i t i o n of Merchants and Miners Bank of Webb C i t y , Webb C i t y , Mis sour i . J L /

New York F i r s t National S t a t e Bancorporat ion, Newark, New J e r s e y , e x t e n s i o n of time to August 3 , 1981, w i t h i n trtiich to acquire a l l of the shares of the Broadway Nat ional Bank o f Bayonne, Bayonne, New J e r s e y . JV

D a l l a s Texas Commerce Bancshares , I n c . , Houston, Texas, e x t e n s i o n of time to September 9, 1981, w i t h i n vrtiich to consummate the a c q u i s i t i o n and open Texas Commerce Bank - Quorum, Nat iona l A s s o c i a t i o n , Addison, Texas . J L /

Cleveland United Ohio Banks, I n c . , Dayton, Ohio, e x t e n s i o n of time to September 3, 1981, w i t h i n which to acquire The Third Nat ional Bank and Trust Company, Dayton, Ohio. JL/

Chicago V a l l e y Bancorporat i o n , Apple ton, Wiscons in , e x t e n s i o n of time to August 15 , 1981, w i th in which to acquire 80 per-cent or more of t h e v o t i n g shares of The F i r s t Nat iona l Bank of Ripon, Ripon, Wisconsin . If

Chicago WORTH BANCORP. , INC., Chicago, I l l i n o i s , e x t e n s i o n of t ime to September 8, 1981, w i t h i n which to become a bank ho ld ing company through the a c q u i s i t i o n of 80 percent or more of the v o t i n g shares of Worth Bank and Trust , Worth, I l l i n o i s , and to engage in insurance a c t i v i t i e s through a de novo s u b s i d i a r y , Worbank Insurance Agency, I n c . 1/

Richmond Bank of S h a w s v i l l e , S h a w s v i l l e , V i r g i n i a , an investment i n bank premises . JJ

S t . Loui s Callaway Bank, Ful ton , Mis sour i , an a d d i t i o n a l investment in bank premises . J L /

S t . Louis C i t i z e n s Bank of New Haven, New Haven, Mis sour i , an a d d i t i o n a l investment i n bank premises . J L /

Kansas C i ty F i d e l i t y Bank o f Denver, Denver, Colorado, t o e x e r c i s e f u l l t r u s t powers. J L /

D a l l a s Merchants and Farmers S t a t e Bank o f Weatherford, Weatherford, Texas , an investment i n bank premises . 1/

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

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

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H.2, 1981 Ho. 23

ACTIONS OF THE BOARD-Continued

San United C a l i f o r n i a Bank, Los Ange le s , C a l i f o r n i a , e x t e n s i o n Franc i sco of time to December 20, 1981, w i t h i n which to e s t a b l i s h

a 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 Palomar Airport Road and El Camino Real , Carlsbad, C a l i -f o r n i a . V

San United C a l i f o r n i a Bank, Los Ange les , C a l i f o r n i a , e x t e n s i o n Franc i sco of time to June 23 , 1982, w i t h i n vhich to e s t a b l i s h a

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 La J o l l a V i l l a g e Drive and Genesee Avenue, San Diego, C a l i -f o r n i a . 1/

Richmond United V i r g i n i a Bank, Richmond, V i r g i n i a , r e q u e s t i n g per -mis s ion to e s t a b l i s h a branch in t h e Bermuda Square Shopping Center , C h e s t e r f i e l d County, V i r g i n i a . V

San BOH Bank, Honolulu, Hawaii , proposed merger with and i n t o Franc i sco Bank of Hawaii, Honolulu, Hawaii , under the char ter and

t i t l e of the l a t t e r ; report to the Federal Depos i t Insurance Corporat ion on compet i t i ve f a c t o r s . 1/

Dal las F i r s t Nat iona l Bank of A l v i n , Texas , proposal to merge wi th F i r s t S t a t e Bank of A l v i n , Texas; report to the Federal Deposi t Insurance Corporation on c o m p e t i t i v e f a c t o r s . 1/

Richmond F i r s t National Bank of Maryland, Bal t imore , Maryland, pro-posed merger with The F i r s t Nat iona l Bank and Trust Com-pany of Western Maryland, Cumberland, Maryland; report to the Comptroller of the Currency on c o m p e t i t i v e f a c t o r s . 1/

New York F i r s t Nat ional S t a t e Bank-Edison, South P l a i n f i e l d , New J e r s e y , proposal t o purchase c e r t a i n a s s e t s and assume c e r t a i n l i a b i l i t i e s of f i v e branch o f f i c e s of F i r s t Nat iona l S t a t e Bank of South J e r s e y , Trenton, New J e r s e y ; report to the Comptrol ler of the Currency on compet i t i ve f a c t o r s . 1/

Dal l a s Lorenzo S t a t e Bank a t Lorenzo, Texas , proposal to merge with F i r s t Lorenzo Bank, Lorenzo, Texas; report to the Federal Depos i t Insurance Corporation on compet i t ive f a c t o r s . 1/

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

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H.2 , 1981 No. 23 - 4 -

ACTIONS OF THE BOARD-Cont inued

Metrobank, Birmingham, Alabama, proposed merger w i t h Bank of the S o u t h e a s t , Birmingham, Alabama; report to the Federal Depos i t Insurance Corporation on compet i t ive f a c t o r s . \J

Norway N a t i o n a l Bank, Norway, Maine, proposal to merge with and i n t o Canal Nat ional Bank, Por t land , Maine; report to the Comptrol ler of the Currency on c o m p e t i t i v e f a c t o r s . JL/

S t a t e Nat iona l Bank of C o n n e c t i c u t , Bridgeport , Connect icut , proposal to merge with Community Banking Company, North Brand f o r d , Connect icut ; report to the Comptrol ler of the Currency on c o m p e t i t i v e f a c t o r s . JL/

United Bank of Texas, Aus t in , Texas , proposal to merge w i t h New United Bank of Texas, A u s t i n , Texas; report to the Federal D e p o s i t Insurance Corporat ion on c o m p e t i t i v e f a c t o r s . 1/

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

A t l a n t a

Bos ton

New York

Dal l a s

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H.2 , 1981 No. 23 - 5 -

ACTIONS OF THE BOARD-Continued

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

Approved Richmond United V i r g i n i a Bank, Richmond, V i r g i n i a . To e s t a b l i s h

a branch at the i n t e r s e c t i o n of U.S. Highway 1 /301 and S t a t e Route 10 in t h e Bermuda Square Shopping Center , C h e s t e r f i e l d County, V i r g i n i a . \J

Richmond Bank of S h a w s v i l l e , S h a w s v i l l e , V i r g i n i a . To e s t a b l i s h a branch at the i n t e r s e c t i o n of West Main S t r e e t and K e s s l i n g Avenue, Salem, V i r g i n i a . JL/

A t l a n t a Gulf Coast Bank of P i n e l l a s , Madeira Beach, F l o r i d a . To e s t a b l i s h a branch at the i n t e r s e c t i o n of East Lake Road and S t a t e Road 584 (on the nor theas t corner ) i n the East Lake Wood lands Shopping Center , P i n e l l a s County, F l o r i d a . 1/

A t l a n t a Bank of New Orleans and Trust Company, New Orleans , L o u i s i a n a . To e s t a b l i s h an automated t e l l e r machine at the Ten-O-One Howard Avenue Bui ld ing a t 1001 Howard Avenue, New Or leans , L o u i s i a n a . J7

Chicago Chemical Bank and Trust Company, Midland, Michigan. To e s t a b -l i s h a branch at the i n t e r s e c t i o n of E. Monroe Road and McClelland Road, Township of Wheeler, County of G r a t i o t , Michigan. JL/

S t . Loui s The Callaway Bank, Fu l ton , Mis sour i . To e s t a b l i s h a f a c i l i t y (branch) at 1101 U.S . Highway 54 South, Fu l ton , Callaway County, M i s s o u r i . JL/

* * * * *

To Become a Member of the Federal Reserve System Pursuant t o S e c t i o n 9 of the Federal Reserve Act

At lanta Approved

Safrabank, Miami, F l o r i d a . 1/

1 / 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 .

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H. 2 j 1981 No. 23 - 6 -

ACTIONS OF THE BOARD-Continued

Issued Intent Not to Disapprove Change of Control Pursuant to Change in Bank Control Act of 1978

Not Disapproved Dal las Commercial S t a t e Bancshares , Inc. , Houston, Texas. J7

D a l l a s West Texas Bancshares , I n c . , Muleshoe, Texas. 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 In terna t iona l I n v e s t -ments and Other Act ions Pursuant to S e c t i o n s 25 and 2 5 ( a ) of the Federal Reserve Act and Sec t ions 4 ( c ) ( 9 ) and 4 ( c ) 113) of t h e Bank Holding Company Act of 1956, as amended

Approved Boston S o c i e t e Generale , P a r i s , France: grants consent a f u r t h e r

e x t e n s i o n of time to July 2 ,1981 to hold the shares of Hudson S e c u r i t i e s , Inc . 1/

Richmond Wachovia I n t e r n a t i o n a l Investment Corporat ion, Winston-Salem, North Caro l ina , grants consent to acquire Wachovia I n t e r -nat iona l Banking Corporation and convert i t s New York o f f i c e to a branch and to amend the A r t i c l e s of A s s o c i a t i o n in order to change the name of Wachovia I n t e r n a t i o n a l In-vestment Corporation to Wachovia I n t e r n a t i o n a l Banking Corporat ion .

Chicago The F i r s t Nat ional Bank in Chicago, Chicago, I l l i n o i s : grants permission to make an a d d i t i o n a l investment in F i r s t Chicago Investments Canada, Toronto, Ontar io , Canada.

* * * * *

To Organize , or Inves t i n , a Corporation doing Foreign Banking and Other Foreign Financing Pursuant to S e c t i o n 25 or 2 5 ( a ) of the Federal Reserve Act

Approved At lan ta Pan American Bank, N. A., Miami, F l o r i d a : grants consent

to form an Edge Corporat ion in Miami, F lor ida to be named Pan American Bank I n t e r n a t i o n a l .

1/ A p p l i c a t i o n processed on behalf ot the Board of Governors under de legated a u t h o r i t y .

I

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H.2, 1981 No. 23 - 7 -

ACTIONS OF THE BOARD-Continued

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

Withdrawn Kansas City F i d e l i t y Bankshares of Colorado, I n c . , Denver, Colorado,

for approval to acquire 100 percent of the vo t ing shares of F i d e l i t y Bank of Denver, Denver, Colorado, a proposed new bank.

Approved Boston United Vermont Banc, orpo rat i o n , Rutland, Vermont, for approval

to acquire at l e a s t 80 percent of the v o t i n g shares of Proctor Trust Company, Proctor , Vermont. \J

A t l a n t a Republic Bancshares Corporat ion, Clearwater , F l o r i d a , f o r ap-proval to acquire at l e a s t 99 percent of the v o t i n g shares of The Republic Bank, P i n e l l a s County (P.O. Dunedin) F lor id 1/

S t . Louis L e i t c h f i e l d Depos i t Bancshares , I n c . * L e i t c h f i e l d , Kentucky, for approval to acquire at l e a s t 80 percent of the v o t i n g shares of L e i t c h f i e l d Depos i t Bank & Trust Company, L e i t c h -f i e l d , Kentucky. 1/

Minneapol i s Crosstown Holding Company, Ham Lake, Minnesota, f o r approval to acquire 100 percent of the v o t i n g shares ( 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 Crosstown S t a t e Bank of Ham Lake Inc . Ham Lake, Minnesota.

Minneapol i s Good Thunder Bancshares , I n c . , Good Thunder, Minnesota, f o r approval to acquire at l e a s t 8 9 . 5 percent of the v o t i n g shares of F i r s t S t a t e Bank of Good Thunder, Good Thunder, Minnesota. JL/

Kansas C i ty Secur i ty Holding Company, Miami, Oklahoma, f o r approval to acquire a t l e a s t 80 percent of the v o t i n g shares of Secur i ty Bank and Trust Company, Miami, Oklahoma. \j

D a l l a s Consol idated Bancshares , I n c . , A b i l e n e , Texas, for approval to acquire 100 percent of the v o t i n g shares of A b i l e n e Nat ional Bank, A b i l e n e , Texas . 1/

\J A p p l i c a t i o n processed on behalf of the Board of Governors under de legated a u t h o r i t y .

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H.2 , 1981 No. 23 - 8 -

ACTIONS OF THE BOARD-Continued

To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956

Approved Boston F i r s t Nat iona l Boston Corporat ion, Boston, Massachuse t t s , for

approval to acquire 100 percent of the v o t i n g shares ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of the s u c c e s s o r by merger to The H a v e r h i l l National Bank, H a v e r h i l l , Massachuse t t s .

D a l l a s Texas American Bancshares I n c . , Fort Worth, Texas , for ap-proval to acquire 100 percent of the v o t i n g shares of The C o l l i n County Nat iona l Bank o f McKinney, McKinney, Texas . 1/

* * * * *

S t . Louis

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

Approval L e i t c h f i e l d Depos i t Bancshares , Inc . , L e i t c h f i e l d , Kentucky,

f o r approval to acquire 100 percent of B .S . Alexander Insurance Agency, I n c . , L e i t c h f i e l d , Kentucky. 1/

Returned Correc t ion :

Kansas C i t y The n o t i c e for Omaha National Corporat ion, Omaha, Nebraska, to engage i n mortgage banking a c t i v i t i e s i n Wich i ta , Kansas which appeared on H.2 No. 21, 1981 was m i s t a k e n l y l i s t e d as Returned ( 5 / 1 7 / 8 1 ) 3 /

Withdrawn New York B a r c l a y s Bank Limi ted , London, England, r e q u e s t s permiss ion t o

engage de novo in the fo l l owing a c t i v i t i e s (prov id ing i n v e s t -ment and f i n a n c i a l advisory s e r v i c e s concern ing f o r e i g n secur-i t i e s to i n s t i t u t i o n a l i n v e s t o r s , pr imar i ly pension funds, throughout the United S t a t e s ) at 93 S t . Paul Churchyard, London, England, through i t s s u b s i d i a r y , Barclays Investment Management Limited ( 6 / 3 / 8 1 ) 3/

New York Manufacturers Hanover Corporat ion, New York, r e q u e s t s permiss ion to r e l o c a t e e x i s t i n g o f f i c e s engaging in the f o l l o w -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 inance and home

1/ A p p l i c a t i o n processed on behal f of the Board ot Governors under de legated aut hori t y .

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 d e l e g a t e d a u t h o r i t y .

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H.2, 1981 Nc. 23 - 9 -

ACTIONS OF THE BOARD-Cont inued

equi ty lending a c t i v i t i e s and in the sa 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 a c c i d e n t , hea l th and property insurance) from 402 B. West Main S t r e e t , Bedford, Virg in ia to Maxway Plaza, Bedford, V i r g i n i a , through i t s s u b s i d i a r i e s , R i t t e r Finance Company, Incorporated, of V irg in ia and The Financia l Source, Incorporated of V irg in ia ( 6 / 5 / 8 1 ) 3 /

S t . Louis Tradewater Bancshares I n c . , Providence, Kentucky, n o t i f i c a -t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( a c t i n g as agent or broker w i th respect to the sa l e of any type of insurance in communities having a population not exceeding 5 ,000 i n c l u d i n g , but not l imi ted t o , the sa le of f i r e , c a s u a l t y , v e h i c l e , a c c i d e n t , h e a l t h , d i s a b i l i t y , r e n t , burglary , and l i f e insurance regard l e s s of vh e ther re lated to e x t e n s i o n s of c r e d i t or not and i n c l u d i n g the s a l e of b lanket bond insurance to Providence State Bank, i t s bank-i n g s u b s i d i a r y ) on Main S t r e e t , Providence, Kentucky, through a subs id iary , Union National Insurance Agency, Inc. ( 6 / 4 / 8 1 ) 3/

Delayed San BankAmerica Corporat ion, San Franc i sco , C a l i f o r n i a , not i f i c a -Franc i sco 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 ( to engage in

a c t i v i t i e s i n c i d e n t a l to the s a l e of t r a v e l e r s checks) at 35 Davies S t r e e t , through i t s subs id iary , BA Cheque Cor-porat ion , London, England ( 6 / 5 / 8 1 ) 3/

Permitted Boston Worcester Bancorp, I n c . , Worcester, Massachuset ts , 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 (engage in the s a l e of property and casua l ty insurance on r e a l or personal property i n connect ion wi th extens ions of c r e d i t made by banking and nonbanking s u b s i d i a r i e s of Worcester Bancorp, I n c . , a l s o to engage in the broker-ing of insurance for the banking s u b s i d i a r i e s of Worcester Bancorp, I n c . ) in Amherst; Barre; Falmouth; G r e e n f i e l d ; Harwich; Lancaster; North Brookf i e ld ; Orleans; Southborough; S t e r l i n g ; W e l l f l e e t ; Winchendon; Auburn; Chatham; Fitchburg; Had l e y ; Holden; Leominster; Northampton; Province town; Squthb ridge ; S turbridge ; Wes thorough; Worcester; Barnstable; Cl inton; Gardner; Harvard; Hudson; Marlborough; Orange; Shrewsbury; Spencer; Webster and Westminster, a l l i n Massachuset ts , through i t s d i r e c t subs id iary , Wornat Insurance Agency, Inc. ( 5 / 3 1 / 8 1 )

37 4 ( c ) ( 8 ) not i f i c a t i o n processed by Reserve Bank on behalf of the Board of Governors under de legated author i ty .

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H.2, 1981 No. 23 - 10 -

ACTIONS OF THE BOARD-Cont inued

New York The Chase Manhattan Corporat ion, New York, New York, r e q u e s t s permission to expand the a c t i v i t i e s of an e x i s t -ing o f f i c e engaging i n 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 for the account of o t h e r s , loans and other ex tens ions of c r e d i t , both secured and unsecured i n c l u d i n g , but not r e l a t e d to , consumer and b u s i n e s 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 for p e r s o n a l , household and bus ines s purposes and mortgage loans secured by r e a l and personal property; s e r v i c i n g loans and other e x t e n s i o n s of c r e d i t ; 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 ident and d i s a b i l i t y insurance and c r e d i t property insurance d i r e c t l y r e l a t e d to such lending and s e r v i c i n g a c t i v i t i e s ) at 2910 East Camelback Road, Bui ld ing A, Phoenix , Ar izona , through i t s s u b s i d i a r y , Chase Manhattan F inanc ia l S e r v i c e s , I n c . ( 5 / 3 1 / 8 1 ) 3/

New York C i t i c o r p , New York, New York, r e q u e s t s permiss ion to expand the a c t i v i t i e s of an e x i s t i n g o f f i c e engaging in the f o l l o w -ing 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 : the making or acquir ing of loans and other e x t e n s i o n s of c r e d i t , secured or unsecured, f o r consumer and other purposes; the e x t e n s i o n s of loans to dea l er s for the f inanc ing of inventory ( f l o o r planning) and working c a p i t a l purposes; the purchasing 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 ; 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 ident and h e a l t h of d e c r e a s i n g or l e v e l ( i n the case of s i n g l e payment loans) term l i f e insurance by l i c e n s e d agents or brokers , as required; and the s e r v i c i n g , f o r any person, of loans and other e x t e n s i o n s of c r e d i t ; the new a c t i v i t y i n which the o f f i c e proposes to engage de novo i s : the s a l e of c r e d i t r e l a t e d property and c a s u a l t y insurance p r o t e c t i n g real and personal property subject to a s e c u r i t y agreement with C i t i c o r p Person- to -Person F inanc ia l Center , I n c . to the ex ten t permis s ib l e uner a p p l i c a b l e S ta te insurance laws and r e g u l a t i o n s ; the p r e v i o u s l y approved s e r v i c e a r ea of the o f f i c e i s comprised of Contra Costa and Alameda Count ies ; 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 e Insurance Company, an a f f i l i a t e of C i t i c o r p Person- to -Person F i n a n c i a l Center , I n c . ) a t 1990 North C a l i f o r n i a Boulevard, Walnut Creek, 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 Person- to -Person F i n a n c i a l Center , Inc . (Delaware) ( 6 / 4 / 8 1 ) 3J

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 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

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ACTIONS OF THE BOARD-Continued

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 a c t i v i t i e s of an e x i s t i n g o f f i c e engaging in the f o l l o w -ing 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 : the making or acquir ing of loans and other e x t e n s i o n s of c r e d i t , secured or unsecured, f o r consumer and other purposes; the ex tens ions of loans to dea lers for the f i n a n c i n g of inventory ( f l o o r planning) and working c a p i t a l purposes; the purchasing 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 ; 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 ident and h e a l t h of decreas 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 c e n s e d agents or brokers , as required; and the s e r v i c i n g , f o r any person, of loans and other e x t e n s i o n s of c r e d i t ; the pro-posed new a c t i v i t y i n which the o f f i c e wishes to engage i s the s a l e of c r e d i t r e l a t e d property and c a s u a l t y insurance p r o t e c t -ing real and personal property subject to a s e c u r i t y agreement with C i t i c o r p Person- to -Person F i n a n c i a l Center , I n c . , to the extent permis 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 p r e v i o u s l y approved s e r v i c e a r e a , com-pr i sed of the e n t i r e S t a t e of Lou i s iana , s h a l l be the same for the new a c t i v i t y ; 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 e Insurance Company, an a f f i l i a t e of C i t i c o r p P e r s o n - t o - P e r s o n F i n a n c i a l Center , I n c . ) at 3636 S. Sherwood Fores t Boulevard, Baton Rouge, L o u i s i a n a , through i t s s u b s i d i a r y , C i t i c o r p Person- to -Person F inanc ia l Center , I n c . (Domestic) ( 6 / 4 / 8 1 ) 37

New York Manufacturers Hanover Corporat ion , 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 £ e novo 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 (arrang ing , 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 other e x t e n s i o n s of c r e d i t secured by a homeowner'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 n a n c e company, s e r v i c i n g such loans and other e x t e n s i o n s of c r e d i t for any person, a c t i n g as agent or broker 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 i n -surance which i s d i r e c t l y r e l a t e d to such loans and e x -t e n s i o n s of c r e d i t , and through i t s s u b s i d i a r y Tempco L i f e Insurance Company r e i n s u r i n g such c r e d i t l i f e insurance; and 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 , ac t ing as an agent or broker for the s a l e of s i n g l e and

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 l ega ted a u t h o r i t y .

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

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H.2 , 1981 No. 23 - 1 2 -

ACTIONS OF THE BOARD-Continued

j o i n t c r e d i t l i f e insurance and c r e d i t acc ident and h e a l t h insurance t*tich i s d i r e c t l y r e l a t e d to such loans and e x t e n s i o n s of c r e d i t , and through Tempco Li fe Insurance Company r e i n s u r i n g such c r e d i t l i f e insurance) at Greentree Square, 934 Route 73 North, Marlton, New J e r s e y , through i t s s u b s i d i a r y , I n v e s t o r s Loan Corporation of New Jersey ( 5 / 3 1 / 8 1 ) 3 /

P h i l a d e l p h i a Unives t Corporat ion of Pennsy lvania , Souderton, Pennsy lvania , n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( a c t i v i t i e s that may be carr ied on by an investment a d v i s e r , i n c l u d i n g o f f e r i n g p o r t f o l i o investment advice to i n d i v i d u a l s , c o r p o r a t i o n s , governmental e n t i t i e s , pens ion and p r o f i t shar-i n g p lans , pr ivate foundations and endowments, and other i n -s t i t u t i o n s ) from an o f f i c e in Boca Raton, F l o r i d a , s erv ing the s t a t e s of F l o r i d a , Georgia , Alabama, South Carol ina and North C a r o l i n a , through i t s s u b s i d i a r y , Union Investment P lanning , I n c . , d . b . a . Union F i n a n c i a l Advisory Company (6/6/81) 2 /

Richmond Dominion Bankshares Corporat ion , 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 making loans and o ther e x t e n s i o n s of c r e d i t for i t s own account or for the account of o t h e r s , and s e r v i c i n g such loans and other e x t e n s i o n s of c r e d i t for o t h e r s ) at 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 Corporat ion ( 6 / 5 / 8 1 ) 3 /

Chicago NBD Bancorp, I n c . , D e t r o i t , Michigan ( former ly Nat iona l D e t r o i t Corporat ion) n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( i n investment advisory a c t i v i t i e s i n c l u d i n g the p r o v i s i o n of p o r t f o l i o investment advice and the furn i sh ing of general economic informat ion and adv ice , 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 industry s t u d i e s , p r i n c i p a l l y to n a t u r a l persons) at s u i t e 205, Boulevard b u i l d i n g , 1920 Palm Beach Lakes Boulevard, West Palm Beach, F l o r i d a , p r i n c i p a l l y s e r v i n g an area wi th in a 40 -mi l e radius from sa id o f f i c e , through i t s s u b s i d i a r y , NBD F inanc ia l Serv i ce s of F l o r i d a , I n c . , ( 6 / 1 / 8 1 ) 3 j

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 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

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H.2, 1981 No. 23 - 1 3 -

ACTIONS OF THE BOARD-Continued

Kansas Ci ty Ldcust Grove Ranshares, Incorpora ted , Locust Grove, Oklahoma, n o t i f i c a t i o n of in ten t to engage in de novo a c t i v i t i e s ( i n the s a l e of insurance d i r e c t l y r e l a t e d to e x t e n s i o n s of c r e d i t by i t s s u b s i d i a r y bank, Bank of Locust Grove, Locust Grove, Oklahoma) the geographic area to be served inc ludes the town of Locust Grove, Oklahoma and a t w e n t y - f i v e - m i l e radius around the town of Locust Grove, Oklahoma, through a s u b s i d i a r y , Yoakum Insurance Agency, Inc . ( 6 / 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 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 .

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

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H. 2 , 1981 No.23

New York

Cleveland

Richmond

Chicago

San Franc i sco

New York

- 14 -

APPLICATIONS RECEIVED

To E s t a b l i s h a Domestic Branch Pursuant to S e c t i o n 9 of the Federal Reserve Act

Manufacturers and Traders Trust Company, B u f f a l o , New York. To e s t a b l i s h a branch a t 2305 Delaware Avenue, B u f f a l o , New York. 2 /

The Southern Ohio Bank, C i n c i n n a t i , Ohio• To e s t a b l i s h a branch at the Northwest corner of the i n t e r s e c t i o n of Malhauser Road and Route 4 , F a i r f i e l d , But ler County, Ohio. 2/

United V i r g i n i a Bank, Richmond, V i r g i n i a . To e s t a b l i s h a branch at the i n t e r s e c t i o n on Route 3 and Highway 710, S p o t s y l v a n i a County, V i r g i n i a . 2\J

Fort Madison Bank & Trust Co. , Fort Madison, Iowa. To 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 a t 1910 Avenue H, Fort Madison, Iowa. 2 /

Community Bank of Santa Ynez V a l l e y , So lvang , C a l i f o r n i a . To e s t a b l i s h a branch o f f i c e a t 486 F i r s t S t r e e t , S u i t e H, Solvang, Santa Barbara County, C a l i f o r n i a . 2/

United J e r s e y Bank, Hackensack, New J e r s e y . Requests permiss ion to e s t a b l i s h a branch w i t h i n the H i l t o n Court West o f f i c e b u i l d i n g of the Prudent ia l Bus iness Campus, i n t e r s e c t i o n of Rt s . 10 and 202, Parsippany-Troy H i l l s , Morris County, New J e r s e y . 2 /

* * * * *

To Become a Member of the Federal Reserve System Pursuant to S e c t i o n 9 of the Federal Reserve Act

Minneapol is New Montana Bank ( Inter im Bank) Great F a l l s , Montana.

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 contacted as to the length of the comment period.

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

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H.2, 1981 No. 23 - 15 -

APLICA'riONS RECEIVED-Cont inued

To Merge Pursuant to S e c t i o n 18(c ) of the Federal Depos i t Insurance Act

Minneapol i s Montana Bank, Great F a l l s , Montana, t o merge w i t h New Montana Bank ( In ter im Bank) Great F a l l s Montana. 2 /

* * * * *

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

Ch ic ago

San F r a n c i s c o

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 Other Act ions Pursuant to S e c t i o n 25 and 2 5 ( a ) of t h e Federal Reserve Act and S e c t i o n s 4 ( c ) ( 9 ) and 4 ( c ) ( 1 3 ) of the Bank Holding Company Act of 1956, as amended

P h i l a d e l p h i a I n t e r n a t i o n a l Bank, New York, New York: to e s t a b l i s h a de novo s u b s i d i a r y to be known as P h i l a d e l p h i a I n t e r n a t i o n a l Finance Co. - Hong Kong Limited .

D e t r o i t Bank & Trust I n t e r n a t i o n a l , D e t r o i t , Michigan: r e q u e s t s consent t o form and i n v e s t in a j o i n t - v e n t u r e company to be known as SOFINSA, C.A. de C.V. organized under the laws of the United Mexican S t a t e s .

Secur i ty P a c i f i c Overseas Corp . , Los A n g l e s , C a l i f o r n i a : p r i o r n o t i f i c a t i o n of i t s i n t e n t to acquire i n d i r e c t l y a d d i t i o n a l shares of Marac Holdings L imi ted , New Zealand, a j o i n t venture investment of the Corporat ion .

* * * * *

To Organize , or Inves t i n , a Corporat ion Doing Foreign Banking and Other Fore ign Financing Pursuant t o S e c t i o n 25 or 2 5 ( a ) o f the Federal Reserve Act

e> S t . Loui s Union P l a n t e r s Nat iona l Bank of Memphis, Memphis, Tennes see :

r e q u e s t s consent to e s t a b l i s h an Edge Corporat ion , Union P l a n t e r s I n t e r n a t i o n a l Bank, Memphis, Tennessee and a l s o proposes to e s t a b l i s h a branch of the Edge Corporat ion in New York, New York.

2 / A p p l i c a t i o n subject 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 c o n t a c t e d as to the l e n g t h of the comment per iod .

I

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

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H.2 , 1981 No. 23 — 16 —

APPLICATIONS RECEIVED-Cont inued

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

A t l a n t a The P e o p l e ' s F i r s t Nat ional Bancshares, I n c . , New I b e r i a , L o u i s i a n a , for approval to acquire at l e a s t 2 / 3 of the v o t i n g shares of The P e o p l e ' s National Bank of I b e r i a P a r i s h , New I b e r i a , Lou i s iana . 2 /

Chicago CITIZENS HOLDING CORPORATION, Genoa C i t y , Wisconsin, f o r approval to acquire 81 .88 percent of the v o t i n g shares of C i t i z e n s S t a t e Bank, Genoa C i t y , Wisconsin. 2/

Chicago Mauston Bancorp, I n c . , Hauston, Wiscons in , for approval to acquire at l e a s t 84 percent of the v o t i n g shares of Bank o f Mauston, Maus ton, Wiscons in . 2/

Chicago York Bancshares , I n c . , Elmhurst, I l l i n o i s , f o r approval to acquire 100 percent of t h e v o t i n g shares ( 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 York S t a t e Bank and Trust Company, Elmhurst, I l l i n o i s . 2 /

S t . Louis C i t i z e n s Depos i t Bancshares , I n c . , Calhoun, Kentucky, f o r approval to acquire at l e a s t 92 percent of the v o t i n g shares C i t i z e n s Depos i t Bank, Calhoun, Kentucky. 2/

S t . Louis F i r s t Arkadelphia Bancshares , I n c . , Arkadelphia , Arkansas, f o r approval to acquire at l e a s t 8 0 . 0 percent of the v o t i n g shares o f C i t i z e n s F i r s t S t a t e Bank, Arkadelphia , Arkansas. 2/

Minneapol i s Culbertson Ban Corp. , Culbertson, Montana, f o r approval to acquire a t l e a s t 83 percent of t h e v o t i n g shares of the Culbert son S t a t e Bank of Culbert son, Culbert son, Montana. 2/

Minneapol i s Hartman Bancshares , I n c . , Okabena, Minnesota, f o r approval to acquire at l e a s t 8 0 . 5 percent of the v o t i n g shares of the F i r s t S t a t e Bank of Okabena, Incorporated , Okabena, Minnesota. 2/

Minneapol i s Lac Oui Parle BanCorporation, I n c . , Boyd, Minnesota, f o r ap-proval to acquire at l e a s t 94 percent of the v o t i n g shares of the S t a t e Bank of Boyd, Boyd, Minnesota. 2/

2/ A p p l i c a t i o n subject 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 contac ted as to the l ength of the comment per iod .

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

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H.2 , 1981 No. 23 — 17 —

APPLICATIONS RECEIVED-Cont inued

Minneapoli s

Kansas Ci ty

Kansas Ci ty

Kansas C i ty

Kansas Ci ty

Kansas C i ty

Dal las

D a l l a s

Dal las

San Franci sco

Royalton Bancshares , I n c . , Royal ton , Minnesota, f or ap-proval to acquire at l e a s t 96 percent of the vo t ing shares of the Royalton S t a t e Bank, Royal ton , Minnesota. 2/

Braman Bancshares , I n c . , Braman, Oklahoma, f o r aproval to acquire a t l e a s t 80 percent of t h e v o t i n g shares of The F i r s t Nat ional Bank of Braman, Braman, Oklahoma. 2/

C i t i z e n s Nat iona l Bancshares , I n c . , Oklahoma C i t y , Oklahoma, for approval to acquire 100 percent of the v o t i n g shares of C i t i z e n s Nat iona l Bank & Trust C o . , Oklahoma C i t y , Oklahoma. 2/

Commercial Bancshares , I n c . , T u l s a , Oklahoma, f o r approval to acquire at l e a s t 80 percent of the v o t i n g shares of Commerical Bank, T u l s a , Oklahoma. 2/

Kavanaugh Bancshares , I n c . , Walker, M i s s o u r i , for approval to acquire 100 percent of the v o t i n g shares of Farmers Bank o f Walker, Walker, Mis sour i . 2J

Oxford Bancshares , I n c . , Oxford, Kansas, f o r approval to acquire a t l e a s t 80 percent of t h e v o t i n g shares of The Oxford Bank, Oxford, Kansas. 2/

Amerigroup F i n a n c i a l Corporat ion , Houston, Texas , for ap-proval to acquire at l e a s t 80 percent of the v o t i n g shares of Brookhol low Nat iona l Bank, Houston, Texas . 2 /

Chester S t a t e Bancshares , I n c . , Ches ter , Texas, f o r approval to acquire a t l e a s t 80 percent of t h e v o t i n g shares of Chester S t a t e Bank, Ches ter , Texas . 2/

East -Tex Bancorp, I n c . , T r i n i t y , Texas , for approval t o acquire 100 percent ( l e s s d i r e c t o r s ' q u a l i f y i n g s h a r e s ) of t h e v o t i n g shares of The F i r s t Nat iona l Bank of T r i n i t y , T r i n i t y , Texas . 2./

American Republic Bancorp, Gardena, C a l i f o r n i a , f o r approval to acquire 100 percent of the v o t i n g shares of Republic Bank, Gardena, C a l i f o r n i a . 2 /

2 / A p p l i c a t i o n subject 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 contac ted

as to the length of the comment per iod .

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

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H.2, 1981 No. 23 18

APPLICATIONS RECEIVED-Cont inued

A t l a n t a

Ch icago

Minneapo1is

Dal l a s

Dal l a s

Dal las

To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 3 ) of the Bank Holding Company Act of 1956

AmSouth Bancorporat ion , Birmingham, Alabama, f o r approval to acquire 100 percent of the v o t i n g shares o f F i r s t Nat ional Bank of Autauga County, P r a t t v i l l e , Alabama. 2/

DETROITBANK Corporat ion , D e t r o i t , Michigan, for approval to acquire 100 percent of the v o t i n g shares of the successor by c o n s o l i d a t i o n to SNB Bank and Trust , B a t t l e Creek, Michigan. 2/

Dakota Bankshares, I n c . , Fargo, North Dakota, f o r approval to acquire at l e a s t 1 9 . 1 percent of t h e v o t i n g shares of the Liberty Nat ional Bank & Trust Company, D ick inson , North Dakota. 7J

Republic National Bancs hares , I n c . , Houston, Texas, f o r ap-proval to acquire 100 percent of t h e v o t i n g shares of Republic National Bank-Westheimer, Houston, Texas (a proposed new bank). 27

Weatherford Bancs h a r e s , I n c . , We a th ford , Texas, f o r approval to acquire 100 percent ( l e s s d i r e c t o r s 1 q u a l i f y i n g s h a r e s ) of the v o t i n g shares of F i r s t National Bank of A z l e , A z l e , Texas (a proposed new bank). 2 /

To Expand a Bank Holding Company Pursuant to S e c t i o n 3 ( a ) ( 5 ) of the Bank Holding Company Act of 1956

F i r s t I n t e r n a t i o n a l Bancshares , I n c . , D a l l a s , Texas , for ap-proval to merge w i t h F i r s t Bancorp, I n c . , Cors icana, Texas . 2/

2 / A p p l i c a t i o n subject to Community Reinvestment A c t . The Community A f f a i r s O f f i c e r of the a p p l i c a b l e Reserve bank may be contac ted as to the length of the comment per iod .

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

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*1.2, 1981 No. 23 - 19 -

APPLICATIONS RECEIVED-Cont inued

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

Boston Industr ia l National Corporation, Providence, Rhode I s land , not i t icat ion of in tent 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 s a l e of r e s i d e n t i a l mortgages, the s e r v i c i n g of r e s i d e n t i a l mortgage l o a n s , and the sa l e of c r e d i t l i f e and c r e d i t accident and h e a l t h insurance o f f e r e d in connec t ion with ex tens ions of c r e d i t ) a t 106 South River Road, S u i t e 105, Bedford , New Hampshire, through i t s i n d i r e c t subs id iary , Mortgage A s s o c i a t e s , Inc. ( 6 / 2 / 8 1 )

Boston Industr ia l National Corporation, Providence, Rhode I s land , 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 ( the o r i g i n a t i o n and s a l e of loans for the purchase of mobile homes, s e r v i c i n g of mobile home l o a n s , insurance agency a c t i v i t i e s for the s a l e of c r e d i t l i f e and c r e d i t accident and hea l th insurance so ld in connec t ion with ex tens ions of c r e d i t and insurance agency a c t i v i t i e s for the s a l e of property and casua l ty insurance sold i n connect ion wi th ex tens ions of c r e d i t ) at 3725 National Drive , Ra le igh , North Caro l ina , the new serv i ce area would be the Commonwealth of V i r g i n i a , through i t s in-d irec t s u b s i d i a r y , Kensington Mortgage and Finance Corp. (6 /2 /81)

New York The Chase Manhattan Corporation, 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 lowing a c t i v i t i e s (making or acquir ing , f o r i t s own account or for the account of o t h e r s , loans and other ex-t ens ions of c r e d i t such as would be made by a ccmmerical f i n a n c e , equipment f inance or fac tor ing company, inc luding fac tor ing accounts r e c e i v a b l e , making advances over-advances on r e c e i v a b l e s and inventory and bus iness i n s t a l l m e n t lending as w e l l as unsecured commercial loans; s erv i c ing loans and other ex tens ions of c r e d i t ; l eas ing on a f u l l payout bas i s personal property or act ing as agent, broker or advisor in l e a s i n g such property, i n c l u d i n g the l eas ing of motor v e h i c l e s ) at 105 E. Fourth S t r e e t , C inc innat i , Ohio, through i t s s u b s i d i a r y , Chase Commercial Corporation ( 6 / 4 / 8 1 )

Richmond NCNB Corporation, Char lo t te , North Carol ina , n o t i f i c a t i o n of in tent to engage i n de novo a c t i v i t i e s (making or acquir ing loans or other extens ions of c r e d i t such as would be made by a f a c t o r i n g and commercial f inance company, inc lud ing commercial loans secured by a borrower's inventory, accounts r e c e i v a b l e or other accounts , and s e r v i c i n g such loans for o thers ) at 2150 Parklake Drive, N . E . , S u i t e 180, At lanta , Georgia, through i t s s u b s i d i a r y , NCNB Financia l S e r v i c e s , Inc . ( 6 / 1 / 8 1 )

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

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APPLICATIONS RECEIVED-Cont inued

Chicago The Indiana National Corporat ion, I n d i a n a p o l i s , Ind iana , f o r approval to acquire 100 percent of the v o t i n g shares of Indiana Nat ional Neighborhood R e v i t a l i z a t i o n Corporat ion, I n d i a n a p o l i s Indiana.

S t . Loui s Commercial Investment Company, Texarkana, Arkansas, n o t i f i -c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in the a c t i v i t y of l e a s i n g personal property) in the S ta te F i r s t Nat iona l Bank Bui ld ing , 300 Ol ive S t r e e t , Texarkana, Arkansas, through a s u b s i d i a r y , Commercial Investment Company ( 6 / 2 / 8 1 )

Kansas C i t y Patrons Bancorporat ion , I n c . , 0 l a t h e , Kansas, n o t i f i c a t i o n of i n t e n t to engage i n de novo a c t i v i t i e s ( t o engage in consumer and commercial lending a c t i v i t i e s and to act as agent for the s a l e of insurance d i r e c t l y r e l a t e d to ex -t e n s i o n s of c r e d i t by Patrons Loan Company) the geographic area to be served i n c l u d e s the Kansas C i t y SMSA and Miami, F r a n k l i n , and Douglas Count ies in Kansas, through a sub-s i d i a r y Patrons Loan Company, 0 l a t h e , Kansas ( 6 / 3 / 8 1 )

Dal l a s El Paso Nat iona l Corporat ion, El Paso, Texas, f o r approval to acquire 100 percent o f - t h e v o t i n g shares of North Coast Mortgage Company, San Antonio , Texas .

D a l l a s F i r s t I n t e r n a t i o n a l Bancshares , I n c . , D a l l a s , Texas , for ap-proval to acquire 100 percent of the v o t i n g shares ot F i r s t Bancorp Insurance Company, Cors i c a n a , Texas , and Old R e l i a b l e Mortgage Company, Corsicana, Texas .

San S e c u r i t y P a c i f i c Corporat ion , Los Ange le s , C a l i f o r n i a , not i f i -F r a n c i s c o c a t i o n ot i n t e n t to engage in de novo 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 or for 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 personal l o a n s , purchasing l o a n s , purchasing consumer 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 to small b u s i n e s s e s and other 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 inance company) a t 1400 6th S t r e e t North, S t . Petersburg , F l o r i d a , s e r v i n g the S ta te of F l o r i d a , through i t s s u b s i d -i a r y , S e c u r i t y P a c i f i c Finance Corp. ( 6 / 4 / 8 1 )

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

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APPLICATIONS RECEIVED-Cont inued

REPORTS RECEIVED

R e g i s t r a t i o n Statement F i l e d Pursuant to S e c t i o n 12(g) of the S e c u r i t i e s Exchange Act

Union Trust Company of E l l s w o r t h , E l l sworth , Maine

Ownership Statement F i l e d Pursuant to S e c t i o n 13(d) of the S e c u r i t i e s Exchange Act

Peop le s Bank of Hanover County, M e c h a n i c s v i l l e , V i r g i n i a F i l e d by Thomas M. Fine

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