ANNOUNCEMENT BY BOARD OF GOVERNORS · 1984. 12. 29. · ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1984 No. 52 Actions of the Board; Applications and Reports

ANNOUNCEMENT BY

BOARD OF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM H.2, 1984 No. 52

Actions of the Board; Applications and Reports

Received During the Week Ending December 29, 1984

APPLICABLE RESERVE BANK ACTIONS OF THE BOARD

Philadelphia First National Bank, Carbondale, Pennsylvania, proposed merger with FNB National Bank, Carbondale, Pennsylvania, under the charter of the latter and with the title of the former; report to the Comptroller of the Currency on competitive factors. 1_/

Richmond NCNB Corporation, Charlotte, North Carolina, extension of time to April 2, 1985, within which to acquire NCNB National Bank, Fairfax County, Virginia. ]_/

Richmond Dominion Bank of Richmond, National Association, Richmond, Virginia, proposed merger with The Bank of West Point, West Point, Virginia; report to the Comptroller of the Currency on competitive factors. ]_/

Atlanta St. Bernard Bank and Trust Company, Arabi, Louisiana, extension of time to April 9, 1985, within which to complete improvements on its branch at 3700 Paris Road, Chalmette, Louisiana. 1_/

St. Louis TPB Bancorp, Brownstown, Indiana, extension of time to February 9, 1985, within which to become a bank holding company through the acquisition of The Peoples Bank, Brownstown, Indiana. 1_/

Kansas City First National Bankshares of Sheridan, Sheridan, Wyoming, extension of time to January 28, 1985, within which to acquire Ranchester State Bank, Ranchester, Wyoming. ]_/

Dallas ClayDesta Bancshares, Inc., Midland, Texas, extension of time to February 5, 1985, within which to acquire ClayDesta National Bank, Midland, Texas. 1_/

San Francisco Canadian Imperial Bank of Commerce, Toronto, Canada, extension of time to January 1, 1986, within which to divest of its interest in the Copper Flat Partnership acquired DPC. 1/

1J Application processed on behalf of the Board of Governors underdelegated authority.

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

H.2, 1984 No. 52 - 2 -ACTIONS OF THE BOARD - Continued

San Francisco Security Pacific Corporation, Los Angeles, California, extension of time to December 17, 1985, within which to make additional investments in Security Pacific International Finance Inc., Security Pacific Holdings (UK) Limited, Security Pacific Trust Limited and Security Pacific Finance Limited. 1/

T7 Application processed on behalf of the Board of Governors underdelegated authority.


H.2, 1984 No. 52 - 3 -

ACTIONS OF THE BOARD - Continued

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

ApprovedPhiladelphia Commerce Bank - Harrisburg, Camp Hill, Pennsylvania. 1/

* * * * *

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

Not DisapprovedKansas City UBT Bancorp, Inc., Bartlesville, Oklahoma. J_/

Dallas United New Mexico Financial Corporation, Albuquerque,New Mexico. 1/

* * * * *

Applications and Notifications for International Investments and Other Actions Pursuant to Sections 25 and 25(a)

of the Federal Reserve Act and Sections 4(c)(9), 4(c)(13), and 4(c)(14) ___________of the Bank Holding Company Act of 1956, as amended_________

Forty-Five Day Notification Period Allowed to ExpireNew York The Chase Manhattan Bank, N.A., New York, New York: no

objection to invest in Banque de Commerce Antwerp,Belgium.

New York Chase Manhattan Overseas Banking Corporation, Newark,Delaware: no objection to invest in Banco lar Brasileiro,Rio de Janeiro, Brazil.

New York Citibank Overseas Investment Corporation, Wilmington,Delaware: no objection to establish, indirectly, ade novo who!ly-owned French subsidiary, Diners Club de France S.A., Paris, France.

New York Citibank Overseas Investment Corporation, Wilmington,Delaware: no objection to make an additional investmentin Yonder Investment Corporation, Wilmington, Delaware.

1/ Application processed on behalf of the Board of Governors underdelegated authority.


H.2, 1984 No 52 - 4 -


New York

New York

Cleveland

San Francisco

Citicorp, New York, New York: no objection to make anadditional investment in its wholly-owned indirect subsidiary, Citicorp Credit, Inc., Tokyo, Japan.

Citicorp, New York, New York: no objection to make anadditional investment, either directly or indirectly, in Citicorp International Bank Limited, London,England.

PNC International, Pittsburgh, Pennsylvania: no objectionto make an additional investment in its wholly-owned subsidiary, PNC International Brasil, Limitada, Sao Paulo, Brazil.

Bank of America, NT&SA, San Francisco, California: noobjection to increase its investment in Banco Internacional, S.A., Sao Paulo, Brazil.

* * * * *

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

WithdrawnChicago Lone Rock Bancorporation, Lone Rock, Iowa, for approval

to acquire 99 percent or more of the outstanding voting shares of The Lone Rock Bank, N.A., Lone Rock, Iowa.

ApprovedAtlanta American Security Bancshares, Inc., Vi 11e Platte, Louisiana,

for approval to acquire 67 percent of the voting shares of American Security Bank of Ville Platte, Ville Platte. Louisiana. ]_/

Atlanta First State Financial Corporation, Carrollton, Alabama, forapproval to acquire at least 80 percent of the voting shares of First State Bank of Carrollton, Carrollton, Alabama. 1_/

Chicago Brunsville Bancorporation, Inc., Brunsville, Iowa, forapproval to acquire at least 71.2 percent of the voting shares of First State Bank, Brunsville, Iowa. ]_/

Chicago Firstbancorporation of Batesville, Indiana, Batesville,Indiana, for approval to acquire 100 percent of the voting shares of First Bank and Trust Company of Batesville, Batesville, Indiana. ]_/

TJ Application processed on behalf of the Board of Governors underdelegated authority.


H.2, 1984 No. 52 - 5 -


Chicago LeMars Bancorporation, Inc., Le Mars, Iowa, for approval to acquire at least 45.25 percent of the voting shares of Le Mars Savings Bank, Le Mars, Iowa. V

Chicago Merrill Bancorporation, Inc., Merrill, Iowa, for approval to acquire at least 58.9 percent of the voting shares of Farmers State Bank, Merrill, Iowa. 1_/

St. Louis Security Bancshares, Inc., Paris, Tennessee, for approval to acquire at least 80 percent of the voting shares of Fanners Bank & Trust Company, Puryear, Tennessee. y

Kansas City Selden Investment Inc., Selden, Kansas, for approval to acquire 100 percent of the voting shares of Selden State Bank, Selden, Kansas, a proposed new bank, y

Kansas City Union Bankshares, Ltd., Denver, Colorado, for approval to acquire at least 98.0 percent of the voting common shares of Union Bank & Trust, Denver, Colorado. 1_/

Dallas Citizens Bancorp, Inc., Crockett, Texas, for approval to acquire at least 80 percent of the voting shares of Citizens National Bank, Crockett, Texas. 1J

Dallas Ennis Bancshares, Inc., Waco, Texas, for approval to acquire 100 percent of the voting shares of Ennis State Bank, Ennis, Texas. 1/

Dallas MarTex Bancshares, Inc., Gladewater, Texas, for approval to acquire 100 percent of the voting shares of The First State Bank, Gladewater, Texas. 1_/

San Francisco D. P. Financial Corporation, Walnut Creek, California, for approval to acquire 100 percent of the voting shares of Delta Pacific Bank, Pittsburg, California. 1_/

San Francisco First National Bancorp, Inc., Phoenix, Arizona, for approval to acquire 100 percent of the voting shares of the successor by merger to First National Bank of Tempe, Tempe, Arizona, y

MinneapolisDenied

Northwest Wisconsin Banco, Inc., Spooner, Wisconsin, for approval to acquire 100 percent of the voting shares of Midwestern Banco, Inc., Spooner, Wisconsin and indirectly acquire 87.93 percent of Bank of Spooner, Spooner, Wisconsin.

_]_/ Application processed on behalf of the Board of Governors underdelegated authority.


H.2, 1984 No. 52 - 6 -

To

Chicago

Chicago

Mi nneapoli s

Kansas City

Kansas City

To

Chicago


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

ReturnedCowden Bancorp, Inc., Springfield, Illinois, for approval

to acquire 100 percent of the voting shares of Oakwood Bancorp, Inc., Springfield, Illinois and indirectly State Bank of Oakwood, Oakwood, Illinois.

ApprovedFirst Union Bancorporation, Inc., Streator, Illinois, for

approval to acquire 100 percent of the voting shares of First National Bank of Sandwich, Sandwich, Illinois, a proposed new bank. ]_/

Farmers and Merchants Financial Services, Inc., St. Paul, Minnesota, for approval to acquire at least 81 percent of the voting shares of State Bank of Hanska, Hanska, Minnesota. 1_/

Crown Bancshares, Inc., Kansas City, Missouri, for approval to acquire an additional 1.2 percent of the voting common stock of Merchants Bancorporation, Topeka, Kansas, and indirectly The Merchants National Bank of Topeka,Topeka, Kansas. 1_/

0 & F Cattle Company Oshkosh, Nebraska, for approval to acquire an additional 15.62 percent of the voting shares of First Nebraska Bancs, Inc., Sidney, Nebraska and indirectly First National Bank of Sidney, Sidney, Nebraska.

* * * * *

Expand a Bank Holding Company Pursuant to Section (a)(5) of the.Bank Holding Company Act of 1956

ApprovedIllini Community Bancorp, Inc. Springfield, Illinois,

for approval to merge Sangamon Banc Shares II, Inc., Springfield, Illinois and indirectly acquire Coffeen State Bank, Coffeen, Illinois. 1/

T7 Application processed on behalf of the Board of Governors underdelegated authority.


H.2, 1984 No. 52 - 7 -

Chicago

To

Chicago

San Francisco

Richmond

Chicago

San Francisco

San Francisco

1/ Applicati delegated


Illini Community Bancorp, Inc. Springfield, Illinois, for approval to acquire 100 percent of the voting shares of Sangamon Banc Shares, Inc., Springfield, Illinois and indirectly First State Bank of Danvers, Danvers, Illinois. 1/

* * * * *

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

ReturnedFour Seasons of Wis., Inc., Manawa, Wisconsin, notification

of intent to engage in de novo activities (in leasing personal or real property or acting as agent, broker or adviser in leasing such property) this activity will be performed in the County of Waupaca, Wisconsin (12/11/84)

California Commercial Bancshares, Santa Ana, California, for approval to purchase certain assets and assume certain liabilities of Mission Hills Mortgage Corporation, Tustin, California, and to engage in mortgage lending and loan servicing. 1_/

ApprovedMercantile Bankshares Corporation, Baltimore, Maryland,

for approval to acquire 100 percent of Suburban Mortgage Servicing Company, Bethesda, Maryland. 1J

United Community Financial Corporation, Wayland, Michigan, for approval to acquire A. H. Johnson Agency, Inc.,Wayland, Michigan, thereby engaging in general insurance sales in a town with a population not exceeding 5,000. 1_/

The Sanwa Bank Limited, Osaka, Japan, for approval to acquire the shares of Cobak Corporation, Chicago, Illinois and Continental Illinois Leasing Corporation, Chicago, Illinois.

Security Pacific Corporation, Los Angeles, California, for approval to acquire 100 percent of the voting shares of Duff & Phelps, Inc., Chicago, Illinois.

m processed on behalf of the Board of Governors underauthority.


H.2, 1984 No. 52 - 8 -


Boston

New York

Cleveland

Chicago

PermittedMerrill Bankshares Company, Bangor, Maine, notification of

intent to engage in de novo activities (to engage as reinsurer in the underwriting of credit life and credit accident and health insurance) through its subsidiary, Merrill Life Insurance Company (12/23/84) 3/

Bankers Trust New York Corporation, New York, New York, notification of intent to engage in de novo activities (making or acquiring, for its own account or for the account of others, loans and other extensions of credit, secured and unsecured, to individuals and businesses including but not limited to consumer lending, residential and non-residential real estate lending and commercial lending; servicing loans and other extensions of credit; the sale of credit-related life and accident and health insurance by licensed agents or brokers, as required, and the sale of mortgage life and mortgage disability insurance directly related to the extensions of mortgage loans) through its subsidiary, Bankers Trust Connecticut Corporation, Stamford, Connecticut (12/26/84)

LNB Bancorp, Inc., Lorain, Ohio, notification of intent to engage in de novo activities (providing securities brokerage services, related securities credit activities pursuant to the Board Regulation T (12 CRF 220), and incidental activities such as offering custodial services, individual retirement accounts, and cash management services, if the securities brokerage services are restricted to buying and selling securities solely as agent for the account of customers and do not include securities underwriting or dealing or investment advice or research services) (12/26/84) 3/

Steuben Financial Corp., Auburn, Indiana, notification of intent to engage in de novo activities (acting as insurance agent or broker with respect to insurance that is directly related to an extension of credit by a bank or a bank-related firm; the issuance and sale at retail of money orders, the sale of U.S.Savings Bonds, and the issuance and sale of traveler's checks) (12/28/84) 3/

V Notification processed by Reserve Bank on behalf of the Board ofGovernors under delegated authority.


H.2, 1984 No. 52 - 9 -

Mi nneapoli s


First Bank System, Inc., Minneapolis, Minnesota, notification of intent to engage in de novo activities (in making a debt investment in the Worthington Student Housing Project, Worthington, Minnesota, designed primarily to promote community welfare through the development of low-income housing) this activity would be performed in the State of Minnesota, through its subsidiary, First Bank System Community Development Corporation (12/28/84) 3/

* * * * *

Chicago

Redemption of Shares

ApprovedIllinois State Bancorp, Inc.,.Chicago, Illinois. 1_/

Kansas City Valley Falls Insurance, Inc., Valley Falls, Kansas. V

T7 Application processed on behalf of the Board of Governors under delegated authority.

3/ Notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.


H.2, 1984 No. 52 - 10 -

APPLICATIONS RECEIVED

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

Cleveland Trustcorp, Inc., Columbus, Ohio. 2J

* * * * *

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

Chicago Bankers Trust Company, Des Moines, Iowa. To establishan offsite Automated Teller Machine at Aid Insurance Company Mutual, 701 5th Avenue, Des Moines, Iowa. 2/

* * * * *

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

New York Norstar Bank of Upstate NY, Albany, New York, with OneidaNational Bank, Utica, New York. 2/

* * * * *

Applications and Notification for International Investments and Other Actions Pursuant to Sections 25 and 25(a)

of the Federal Reserve Act and Sections 4(c)(9), 4(c)(13) and 4(c)(14) _____ of the Bank Holding Company Act of 1956, as amended_______________

Atlanta National Bank of Georgia, Atlanta, Georgia, for approvalto organize an agreement corporation, NBG International Bank to be located in Miami, Florida.

Chicago First Wisconsin Corporation, Milwaukee, Wisconsin: priornotification of its intent to invest in an Export Trading Company to be known as Intercontinental Trading Co., Inc., Rolling Meadows, Illinois.

2/ Application subject to Community Reinvestment Act. The CommunityAffairs Officer of the applicable Reserve Bank may be contactedas to the length of the comment period.


H.2, 1984 No. 52 - 11 -

APPLICATIONS RECEIVED - Continued

To Establish a U. S. Branch of an Edge Act Corporation Pursuant to Section 25(a) of the Federal Reserve Act

Chicago Comerica Bank International, Detroit, Michigan: priornotification of its intent to establish a domestic branch in Dayton, Ohio.

* * * * *

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

Boston

Boston

Boston

Atlanta

Chicago

St. Louis

Minneapolis

First Colebrook Bancorp, Inc., Colebrook, New Hampshire, for approval to acquire 100 percent of the voting shares of First Colebrook Bank, Colebrook, New Hampshire. 2/

First University Bancorp, Inc., Newton, Massachusetts, for approval to acquire 100 percent of the voting shares of University Bank and Trust Company, Newton, Massachusetts. 2/

Green Mountain Financial Services Corporation, New York,New York, for approval to acquire at least 26.09 percent of the voting shares of The Green Mountain Bank, Bondville, Vermont. 2/

Commercial Bancshares of Roanoke, Inc., Roanoke, Alabama, for approval to acquire 100 percent of the voting shares of The Commercial Bank of Roanoke, Roanoke,Alabama. 2/

NBP Financial Services, Inc., Petersburg, Illinois, for approval to acquire 100 percent of the voting shares of National Bank of Petersburg, Petersburg, Illinois. 2/

Mainline Bankshares of Portland, Inc., Portland, Arkansas, for approval to acquire at least 80 percent of the voting shares of The Peoples Bank, Portland, Arkansas. 2/

Johnco, Inc., Whitehall, Wisconsin, for approval to acquire at least 80.7 percent of the voting shares of John 0. Melby & Co. Bank, Whitehall, Wisconsin. 2/

~TJ Application subject to Community Reinvestment Act. The CommunityAffairs Officer of the applicable Reserve Bank may be contactedas to the length of the comment period.


H.2, 1984 No. 52 - 12 -


Kansas City Brookside Bancshares, Inc., Tulsa, Oklahoma, for approval to acquire at least 81 percent of the voting shares of Brookside State Bank, Tulsa, Oklahoma. 2/

Kansas City First Union Bancorp, Denver, Colorado, for approval to acquire 100 percent of the voting shares of First Union National Bank of Colorado, Denver, Colorado. 2/

Kansas City Flint Hills Financial Services Corporation, Leawood, Kansas, for approval to acquire at least 80 percent of the voting shares of Americus State Bank, Americus, Kansas. 2/

Kansas City Nationwide Bankshares, Inc., West Point, Nebraska, for approval to acquire 100 percent of the voting shares of Charter West National Bank, West Point, Nebraska, a proposed new bank. 2/

Kansas City Oxford Agency, Inc., Oxford, Nebraska, for approval to acquire 100 percent of the voting shares of Security State Bank, Oxford, Nebraska. 2/

Kansas City San Luis Valley Banking Corporation, Denver, Colorado, for approval to acquire at least 72.1 percent of the voting shares of First National Bank in Alamosa, Alamosa, Colorado.

Kansas City Selden Investment, Inc., Selden, Kansas, for approval to acquire 100 percent of the voting shares of Selden State Bank, Selden, Kansas, a proposed new bank. 2/

Dallas Texas First Financial Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares of Dallas International Bank, Dallas, Texas. 2/

27 Application subject to Community Reinvestment Act. The CommunityAffairs Officer of the applicable Reserve Bank may be contactedas to the length of the comment period.


H.2, 1984 No. 52 - 13 -


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

New York

Cl eveland

Richmond

Chicago

Chicago

Chicago

St. Louis

St. Louis

Kansas City

Chemical New York Corporation, New York, New York, for approval to acquire 100 percent of the voting shares of Chemical National Bank, Jericho, New York, a proposed new bank. 2/

Toledo Trustcorp, Inc., Toledo, Ohio, for approval to acquire 100 percent of the voting shares of Trustcorp Inc., Columbus, Ohio, a proposed new bank. 2/

Farmers National Bancorp, Annapolis, Maryland, for approval to acquire 100 percent of the voting shares of Atlantic National Bank, Ocean City, Maryland. 2/

Bement Bancshares, Inc., Bement, Illinois, for approval to acquire 100 percent of the voting shares of First National Bank of Ivesdale, Ivesdale, Illinois and The American Bank, Cerro Gordo, Illinois. 2J

Cowden Bancorp, Inc., Springfield, Illinois, for approval to acquire 100 percent of the voting shares of Oakwood Bancorp, Inc., Springfield, Illinois and indirectly State Bank of Oakwood, Oakwood, Illinois. 2/

First Union Bancorporation, Inc., Streator, Illinois, for approval to acquire 100 percent of the voting shares of First National Bank of Sandwich, Sandwich, Illinois, a proposed new bank. 2/

First State Bancorporation, Inc., Tiptonville, Tennessee, for approval to acquire at least 66.67 percent of the voting shares of The Martin Bank, Martin, Tennessee. 2/

Schmid Bros. Investment Co., Inc., St. Louis, Missouri and its subsidiary, Financial Bancshares, Inc., Sunset Hills, Missouri, for approval to acquire at least 95.07 percent of the voting shares of Bank of St. Mary, St. Mary,Mi ssouri. 2/

Bank of the Rockies Bancshares, Inc., Boulder, Colorado, for approval to acquire 100 percent of the voting shares of National Bank of the Rockies in Denver, Denver, Colorado, a proposed new bank. 2/



H.2, 1984 No. 52 - 14 -


Kansas City

Kansas City

Kansas City

Colt Investments, Inc., Leawood, Kansas, for approval to acquire at least 24.9 percent of the voting shares of Flint Hills Financial Services Corporation, Leawood, Kansas and indirectly Americus State Bank, Americus, Kansas. 2/

First Liberty Capital Corporation, Hugo, Oklahoma, for approval to acquire 100 percent of the voting shares of First National Bank of Limon, Limon, Colorado. 2/

Firstbank Holding Company and Firstbank Holding Company of Colorado, Lakewood, Colorado, for approval to acquire 100 percent of the voting shares of First Bank of Breckenridge, N.A., Breckenridge, Colorado, a proposed new bank. 2/

* * * * *

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

Boston

New York

New York

RIHT Financial Corporation, Providence, Rhode Island, notification of intent to engage in de novo activities (in investment advisory services to open-end investment companies) through its subsidiary, HT Investors, Inc. (12/21/84)

Bankers Trust New York Corporation, New York, New York, for approval to engage de novo in consumer lending and deposit taking through Bankers Trust Company of Houston, N.A., Houston, Texas; Bankers Trust Company of Dallas, Dallas, Texas; Bankers Trust Company of California, N.A., Los Angeles, California; Bankers Trust Company of Georgia, N.A., Atlanta, Georgia; and Bankers Trust Company of Illinois, N.A., Chicago, Illinois.

The Hongkong and Shanghai Banking Corporation, Hong Kong, B.C.C., for approval to engage de novo in consumer lending and deposit taking through HongkongBank of the District of Columbia, N.A., Washington, D. C.



H.2, 1984 No. 52 - 15 -

New York

New York

Philadelphia

Philadelphia

Philadelphia

Cleveland

Cleveland

Horizon Bancorp, Morristown, New Jersey, to engage de novo in consumer lending and deposit taking through Horizon State Bank of New York, New York, New York.

Irving Bank Corporation, New York, New York, for approval to engage de novo in consumer lending and deposit taking through Irving Trust New Jersey, National Association, Morristown, New Jersey.

CoreStates Financial Corp, Philadelphia, Pennsylvania, notification of intent to expand the de novo activities (the activities of factoring, commercial finance and leasing of personal and real property nationwide) through its subsidiary, Congress Financial Corporation (12/27/84)

Fidelcor, Inc., Philadelphia, Pennsylvania, for approval to engage in consumer lending and deposit taking through Fidelity Bank (FLA), National Association, Fort Lauderdale, Florida and Fidelity Bank (NJ), National Association,Cherry Hill, New Jersey.

National Penn Bancshares, Inc., Boyertown, Pennsylvania, notification of intent to engage in de novo activities (in underwriting, as reinsurer .credit life and accident and health insurance directly related to extensions of credit by National Bank of Boyertown) these activities will be conducted in the Commonwealth of Pennsylvania, through its subsidiary, National Penn Life Insurance Company, Phoenix, Arizona (12/27/84)

PNC Financial Corp, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activities (in the underwriting and dealing in government obligations and money market instruments to the extent permitted by 12 CFR 225.25(b)(16)) through its subsidiary, BHC Securities, Inc., Philadelphia, Pennsylvania (12/18/84)

Provident Bancorp, Inc., Cincinnati, Ohio, notification of intent to engage in de novo activities (in underwriting, dealing in brokering, and purchasing and selling obligations of the U.S. government and its agencies, general obligations of the various states and their political subdivisions, and such other obligations that state member banks of the Federal Reserve System may be authorized to underwrite and deal in under 12 USC 24 and 335 including money market instruments such as certificates of deposit and bankers acceptances; and to provide general economic information and portfolio investment advice to customers) serving the States of Ohio, Kentucky and



H.2, 1984 No. 52 - 16 -


Atlanta

Chicago

St. Louis

Minneapolis

Kansas City

Kansas City

Dallas

Indiana, through its subsidiary, Provident Securities & Investment Company, Cincinnati, Ohio (12/24/84)

First Atlanta Corporation, Atlanta, Georgia, notification of intent to engage in de novo activities (in mortgage lending activities) nationwide, through its subsidiary, First Atlanta Mortgage Corporation (12/17/84)

First American Bank Corporation, Elk Grove Village, Illinois, notification of intent to engage in de novo activities (as an investment or financial adviser to the extent of providing portfolio investment advice, furnishing general economic information and advice, general economic statistical forecasting services and industry studies to Old Orchard Bank and Trust Company, or any other person) the geographic area to be served will be the State of Illinois (12/24/84)

Financial Dominion of Kentucky Corporation, Radcliff, Kentucky, notification of intent to engage in de novo activities (in the origination of first mortgage loans for the account of other nonrelated permanent institutional lenders) through its subsidiary, Financial Dominion Mortgage Corporation, Radcliff, Kentucky (12/24/84)

Norwest Corporation, Minneapolis, Minnesota, notification of intent to engage in de novo activities (to transfer the general insurance agencies presently owned by 19 of its subsidiary banks located in Minnesota, Montana, North Dakota, and South Dakota to Norwest Agencies Inc., an existing subsidiary which engages in general insurance agency activities) (12/7/84)

Oxford Agency, Inc., Oxford, Nebraska, for approval to acquire all of the assets of Oxford Insurance Agency, Oxford, Nebraska, and thereby engage in general insurance agency activities.

Walsh Bancorporation, Inc., Plymouth, Minnesota, notification of intent to engage in de novo activities (in making and servicing loans) (12/28/84")

Texas Valley Bancshares, Inc., Weslaco, Texas, notification of intent to engage in de novo activities (in leasing personal or real property or act as agent, broker or adviser in leasing such property pursuant to Section 225.25(b)(5) of Regulation Y) (12/26/84)


H.2, 1984 No. 52 - 17 -


San Francisco Cobanco, Inc., Santa Cruz, California, notification of intent to engage in de novo activities (in providing data processing services through a new data processing subsidiary [exact corporate title not determined], Santa Cruz, California) (12/19/84)

San Francisco First Interstate Bancorp, Los Angeles, California, notification of intent to engage in de novo activities (in providing portfolio investment advice and general economic information and advice to its franchisee banks) (12/28/84)

San Francisco New City Bancorp, Orange, California, notification of intent to engage in de novo activities (in the operation of an industrial loan company) through its subsidiary, New City Financial Thrift and Loan Association, Anaheim, California (12/20/84)

San Francisco Utah Bancorporation, Salt Lake City, Utah, notification of intent to engage in de novo activities (in insurance sales and underwriting credit life, accident and health insurance) in Salt Lake City, Utah, throughout the State of Utah, through its subsidiary, Valley Utah Insurance Company Inc. (12/26/84)

* * * * *

REPORTS RECEIVED

None.

* * * * *

PETITIONS FOR RULEMAKING

None.


Documents

ANNOUNCEMENT BY BOARD OF GOVERNORS · 1984. 12. 29. · ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2, 1984 No. 52 Actions of the Board; Applications and Reports