15
APPLICABLE RESERVE BANK Atlanta Atlanta Cleveland AKBKXJNCEMENT BY BOARD CF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1979 No. 32) Actions of the Board? Applications and Reports Received During the Week Ending August 11, 1979 ACTIONS CF THE BOARD Report on bill S. 1291, the "Administrative Practice and Regulatory Control Act of 1979," a bill "to im- prove the procedures for agency rulemaking"; letter in response to request for Board's ccranents sent to Chairman Kennedy, Senate Committee on the Judiciary. Regulation T, loan value for mutual fund shares, pro- posed rule; the Board asked for content through October 15, 1979 (Docket No. R-0158) Regulation T, credit to exchange specialists, proposed rule; the Board asked for comment through October 15," 1979 (Docket No. R-0054) Bank of Conway, Conway, North Carolina, proposed merger with First-Citizens Bank & Trust Company, Raleigh, North Carolina; report to the Federal Deposit Insurance Corporation on competitive factors. Citibank Overseas Investment Corporation, Wilmington, Delaware, extension of time until Decettoer 31, 1979, for the divestiture by IAC (Holdings) Limited, Melbourne, Australia, of T. M. Burke Holdings Pty. Ltd. (Burke) Caribank Corporation, Hollywood, Florida, extension of time until August 27, 1979, in which to acquire the Dania Bank, Dania, Florida. 1/ Contoanks Corporation, Winter Park, Florida, extension of time until November 26, 1979, within which to acquire 51.5 per cent of the voting shares of American Bancshares, Inc., North Miami, Florida. 1/ Mellon National Corporation, Pittsburgh, Pennsylvania, extension of time until November 14, 1979, for Mellon National Trust Company, a subsidiary, to open an office in Boca Raton, Florida. 1/ 17 Application processed on behalf of the Board of Governors under delegated authority. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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APPLICABLE RESERVE BANK

Atlanta

Atlanta

Cleveland

AKBKXJNCEMENT BY

BOARD CF GOVERNORS OF THE

FEDERAL RESERVE SYSTEM (H.2, 1979 No. 32)

Actions of the Board? Applications and Reports

Received During the Week Ending August 11, 1979

ACTIONS CF THE BOARD

Report on bill S. 1291, the "Administrative Practice and Regulatory Control Act of 1979," a bill "to im-prove the procedures for agency rulemaking"; letter in response to request for Board's ccranents sent to Chairman Kennedy, Senate Committee on the Judiciary.

Regulation T, loan value for mutual fund shares, pro-posed rule; the Board asked for content through October 15, 1979 (Docket No. R-0158)

Regulation T, credit to exchange specialists, proposed rule; the Board asked for comment through October 15," 1979 (Docket No. R-0054)

Bank of Conway, Conway, North Carolina, proposed merger with First-Citizens Bank & Trust Company, Raleigh, North Carolina; report to the Federal Deposit Insurance Corporation on competitive factors.

Citibank Overseas Investment Corporation, Wilmington, Delaware, extension of time until Decettoer 31, 1979, for the divestiture by IAC (Holdings) Limited, Melbourne, Australia, of T. M. Burke Holdings Pty. Ltd. (Burke)

Caribank Corporation, Hollywood, Florida, extension of time until August 27, 1979, in which to acquire the Dania Bank, Dania, Florida. 1/

Contoanks Corporation, Winter Park, Florida, extension of time until November 26, 1979, within which to acquire 51.5 per cent of the voting shares of American Bancshares, Inc., North Miami, Florida. 1/

Mellon National Corporation, Pittsburgh, Pennsylvania, extension of time until November 14, 1979, for Mellon National Trust Company, a subsidiary, to open an office in Boca Raton, Florida. 1/

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

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• • H.2, 1979 No. 32 2 -

, Acnms OF THE BOARD-Cdntinued

Kansas City Third Bancshares Corporation, Sedalia, Missouri, extension of time until September 30, 1979, within which it may consummate the acquisition of the Third National Bank of Sedalia, Sedalia, Missouri. 1/

Minden Bank & Trust Company, Minden, Louisiana, to make an investment in bank premises. 1/

Minneapolis Montana Bank of Billings, Billings, Montana, to make an investment in bank premises. 1/

Cleveland Peoples Bank and Trust Company, Van Wert, Ohio, to make an ivestment in bank premises. 1/

Chicago Cheboygan Bank, Cheboygan, Michigan, extension of time until September 17, 1979, within which to establish a branch on East State Street, Cheboygan, Michigan. 1/

Cleveland First Lorain Trust, Lorain, Ohio, extension of time within which to establish a branch at 1920 Cooper Foster Park Road, Lorain, Ohio, until October 31, 1979. V

Kansas City First Ccrnmerical Corporation, Denver, Colorado, deregistration pursuant to Regulation G. 1/

Broadway National Bank of Tampa, Tampa, Florida, and the First National Bank in Plant City, Plant City, Florida, and First National Bank of Florida, Tampa, Florida, a proposed merger; report to the Comptroller of the Currency on competitive factors. y

CBC Bank, Clare, Michigan, proposed merger with Citizens Bank and Trust Company, Clare, Michigan; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

Carolina State Bank, Gastonia, North Carolina, and Southern National Bank of North Carolina, Limberton, North Carolina, proposed merger; report to the Comptroller of the Currency on competitive factors. 1/

Farmers and Merchants Bank Company, Arlington, Ohio, and Mid-American National Bank and Trust Company, Northwood, Ohio, proposed merger; report to the Comptroller of the Currency on competitive factors. 1/

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

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H.2, 1979 No. 32 - 3 -

ACTIONS OF THE BQftRjBH tinued

National Bank of Perryville, Perryville, Maryland, and The First National Bank of Maryland, Baltimore, Maryland, proposed merger; report to the Comptroller of the Currency on competitive factors. 1/

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

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H.2, 1979 No. 32 - 4

^ TOE BQARD-Continued

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

• i Approved New York Irving Trust Company, New York, New York. Branch

to be established at 61 Broadway, New York City. 1/ & 2/

San Bank of Utah, Ogden, Utah. Branch to be established Francisco at 2320 South Redwood Road, Salt Lake County. 1/ &

2/

San Bank of Utah, Ogden, Utah. Branch to be established Francisco at 195 South, West Temple, Salt Lake City. 1/ & 2/

Cleveland The Peoples Bank and Trust Company, Van Wert, Ohio. Branch to be established at the corner of Main and Shannon Streets, Van Wert County. 1/ & 2/

* * * * *

Applications and Notifications for International Invest-ments and Other Actions Pursuant to Section 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

Application Approved New York Citibank, N.A., New York, New York: request on be-

half of Citibank Overseas Investment Corporation, Wilmington, Delaware, an extension of time for the divestiture by IAC (Holdings) Limited, Melbourne, Australia, of T. M. Burke Holdings Pty. Ltd. (Burke)

Philadelphia Philadelphia International Investments Corporation, Philadelphia, Pennsylvania: grants consent to make an additional investment, directly or in-directly, in Joh. Berenberg Gossler and Company (GOSSLER), Hamburg, Germany.

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

2/ Application subject to Comnunity Reinvestment Act. The Ccmnunity Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the content period.

I

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H.2, 1979 No. 32 - 5 -

ACTIONS OF THE BOARD-Continued

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

Withdrawn Chicago Drexel Bancorporation, Inc., Chicago, Illinois, for

approval to acquire 80 per cent or more of the voting shares of Drexel National. Bank, Chicago, Illinois. 2/

Approved Atlanta Feliciana Commerce Corporation, St. Francisville,

Louisiana, for approval to acquire 80 per cent or more of the voting shares of Bank of Commerce and Trust Company, St. Francisville, Louisiana. 2/ & 2/

Chicago ANDREW FINANCIAL CORP., Andrew, Iowa, for approval to acquire 80.3 per cent of the voting shares of Andrew Savings Bank, Andrew, Iowa. 1/ & 2/

Chicago Fidelity Company, Dyersvilie, Iowa, for approval to acquire 80 per cent or more of the voting shares of Fidelity Bank & Trust, Dyersville, Icwa. 1/ & 1/

Chicago Gibson Investment Company, Gibson, Iowa, for approval to acquire 96.3 per cent or more of the voting shares of Gibson Savings Bank, Gibson, Icwa. 1 & 2/

Chicago TALEN, INC., Edgerton, Wisconsin, for approval to acquire 80 per cent or more of the voting shares of First State Bank of Edgerton, Edgerton, Wisconsin. 1/ & 2/

St. Louis Tuscumbia Bancshares, Inc., Kansas City, Missouri, for approval to acquire 99 per cent or more of the voting shares of Bank of Tuscumbia, Tuscumbia, Missouri. 2/

Minneapolis Murdock Bancor, Inc., Murdock, Minnesota, for approval to acquire 95 per cent of the voting shares of First State Bank of burdock, Murdock, Minnesota. 1/ & 2/

Kansas City Mitchell National Company, Mitchell, Nebraska, for approval to acquire 100 per cent (less directors' qualifying shares) of the voting shares of First National Bank in Mitchell, Mitchell, Nebraska. 1/ & 2/

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

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

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H.2, 1979 No. 32 - 6 -

ACTIONS OF THE BOARD-Continued

Kansas City

Dallas

Dallas

Dallas

Dallas

Dallas

Union National Bancshares, Chandler, Oklahoma, for approval to acquire 80 per cent or more of the voting shares of The Union National Bank of Chandler, Chandler, Oklahoma. l/ > 2/

Corsicana Bancshares, Inc., Corsicana, Texas, for approval to acquire 80-100 per cent (less directors1 qualifying shares) of the voting shares of Corsicana National Bank, Corsicana, Texas. 1/ & 2/

Fredericksburg Holding Company, Fort Worth, Texas, for approval to acquire 92 per cent of the voting shares of Fredericksburg National Bank, Fredericksburg, Texas. 2/

Linden Bancshares, Inc., Linden, Texas, for approval to acquire 80 per cent or more of the voting shares of The First National Bank of Linden, Linden, Texas. 1/ & 2/

SSB Corporation, Big Spring, Texas, for approval to acquire 80-85 per cent (less directors' qualifying shares) of the voting shares of Security State Bank, Big Spring, Texas. 1/ & 2/

Wharton Capital Corporation, Wharton, Texas, for approval to acquire 80-100 per cent (less directors1 qualifying shares) of the voting shares of Security Bank and Trust Company, Wharton, Texas. 1/ & 2/

* * * * *

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

Approved Boston FirstBancorp, Inc., New Haven, Connecticut, for approval

to acquire 100 per cent of the voting shares (less directors1 qualifying shares) of New Britain Bank and Trust Company, New Britain, Connecticut and The Terry-ville Trust Company, Plymouth (P.O. Terryville), Connecticut. 2/

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

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

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H.2, 1979 No. 32 — 7 —

ACTIONS OF TOE BOARD-Continued

Central Wisconsin Bankshares, Inc., Wausau, Wisconsin, for approval to acquire 98.6 per cent or more of the voting shares of Northern Security National Bank of Rhinelander, Pelican, Wisconsin, a proposed new bank. 2/

Texas American Bancshares, Inc., Fort Worth, Texas, for approval to acquire 100 per cent of the voting shares (less directors! qualifying shares) of Fredericksburg Financial Corporation, Fredericksburg, Texas. 2/

* * * * *

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

Withdrawn Citicorp, New York, New York, notification of intent to engage in cte novo activities (making loans for the account of others such as one-to-four family unit mortgage loans) at 4370 West 109th Street, Suite 300, Overland Park, Kansas and 310 East 12th Street, Kansas City, Missouri, through its sub-sidiary, Citicorp Person-to-Person Financial Center, Inc. for the Kansas office, and Nationwide Financial Corporation of Missouri for The Missouri office (8/10/79) 3/

Reactivated Philadelphia New Jersey National Corporation, Trenton, New Jersey,

notification of intent to engage in de novo activi-ties (making, acquiring, selling and servicing for its own account or the account of others, loans and other extensions of credit principally secured by mortgages) at 29 Bala Avenue, Bala Cynwyd, Pennsylvania, through its subsidiary, Underwood Mortgage and Title Company (8/6/79) 3/

St. Louis First Union Bancorporation, St. Louis, Missouri, notification of intent to engage in de novo activi-ties (to engage in the sale, as agent or broker, of the following types of insurance: any insurance

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

3/ 4 (c) (8) or 4 (c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

Chicago

Dallas

New York

I

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H.2, 1979 No. 32 - 8 -

ACTIONS OF THE BQAICKjcantinued

for its banking subsidiaries, arid credit life, and credit accident and health insurance directly re-lated to an extension of credit made by a subsidiary) at the various offices of both First Union Bancorpora-tion's banking subsidiaries and of Union Finance Company as described on H.2 No. 18, through a sub-sidiary, Union Finance Company (8/6/79) 3/

Permitted New York Citicorp, New York, New York, notification of intent

to relocate de novo activities (making consumer in-stallment personal loans, purchasing and servicing for its own account installment sales finance con-tracts, making loans for the account of others such as one-to-four family unit mortgage loans, making loans to individuals and businesses secured by real and personal property, the proceeds of which may be for purposes other than personal, family or house-hold usage; sale of credit related life and accident and health, or level (in the case of single payment loans) term life insurance to cover the outstanding balances of credit transactions (singly or jointly with co-signers in the case of life coverage) in the event of death, or, to make contractual monthly pay-ments of the credit transactions in the event of obligor's disability by licensed agents or brokers to the extent permissible under applicable State laws and regulations; the sale of credit related property and casualty insurance protecting personal and real property subject of a security agreement with Citicorp Persan-to-Person Financial Center, Inc. and to include liability coverage in home and automobile policies where such is the general practice by licensed agents or brokers to the extent permissible under applicable State insurance laws and regulations) from 1892 East Airline Drive, Bossier City, Louisiana to 9029 Mansfield Road, Shreveport, Louisiana, through its subsidiary, Citicorp Persoh-to-Persan Financial Center, Inc. (8/7/79) 3/

Richmond Maryland National Corporation, Baltimore, Maryland, notification of intent to engage in de novo activi-ties (mortgage banker, mortgage broker and mortgage servicing firm including, but not limited to, second mortgage financing; originating, buying, selling and otherwise dealing in mortgage loans as principal or agent; servicing mortgage loans for affiliated or nonaffiliated entities; acting as

3/ 4(c) (8) or 4 (c) <12) notification processed by Reserve Bank on behalf of the Board of Governors iinder delegated authority.

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H.2, 1979 No. 32 - 9 -

ACTIONS OF THE BQARD-Continued

adviser in mortgage loan and second mortgage loan transactions? making or acquiring, for its am account or for the acoounfc cxf others loans and other extensions of credit such as would be made by a finance oonpany or by a credit card company; leasing personal property including, but not limited to, the leasing of various types of equipment, machinery, vehicles, transportation equipment and data processing equipment; originating, buying, selling or otherwise dealing in consumer finance paper, sales finance paper, credit card receivables and personal property leases as principal or agent; servicing consumer finance, sales finance and credit card receivables, and personal property leases for affiliated or nonaffiliated entities; and acting as agent of credit life, credit disability, credit accident and health, loan redemption and loan cancella-tion insurance in connection with extensions of credit) at Cherry Hill Plaza, 1415 JEtoute 70, Cherry Hill, New Jersey, through its subsidiary, Homeowners Loan Corpora-tion (8/5/79) 3/

Richmond NCNB Corporation, Charlotte, North Carolina, notification of intent to engage in de novo activities (operating as a finance company, including the extension of direct loans for consumer and other purposes, the discounting of retail installment notes or contracts, the purchasing of recreational lot notes, the extension of direct loans to dealers for the financing of inventory (floor planning) and working capital purposes, the purchasing of personal property lease contracts; and acting as agent in the sale of credit life, credit accident and health and physical damage insurance which is directly related to the ex-tensions of credit) in Marion, South Carolina, through its subsidiary TranSouth Financial Corporation (8/10/79) 1/

Chicago Harris Bankcorp, Inc., Chicago, Illinois, notification of intent to engage in de novo activities (to engage in trust activities) at 501 South Flagler Drive, West Palm Beach, Florida, through its wholly-owned sub-sidiary, Harris Trust Company of Flordia (8/4/79) 3/

St. Louis First Union Bancorporaticn, St. Louis, Missouri, notifi-cation of intent to engage in de novo activities (the sale, as agent or broker, of the following types of insurance: any insurance for its banking subsidiaries; and credit life, credit accident and health insurance directly related to an extension of credit made by a

37 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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H.2, 1979 No. 32 - 1 0 -

ACTIONS OF THE BGARD-Continued

subsidiary) at various offices of both First Union Bancorporation' s banking subsidiaries and of Union Finance Company as described on H.2 No. 18, through a subsidiary, Union Finance Company (8/10/79) 3/

Kansas City Hometown Finance Company, Clinton, Oklahoma, notifi-cation of intent to engage in de novo activities (originating, acquiring and servicing VA, Conventional, FHA, and second mortgage real estate loans for its own account or the account of others) at 808 Gary Freeway, Clinton, Oklahoma (8/9/79) 3/

* * * * *

For Exemption Pursuant to Section 4(d) of the Bank Holding Company Act of 1956

Approved Chicago Charles Stewart Mott Foundation, Flint, Michigan,

* * * * *

Certifications Issued Pursuant to the Bank Holding Company,Tax Act of 1956

GATX Corporation, Chicago, Illinois, prior certifi-cation pursuant to section 6158 (a) of the Internal Revenue Code, as amended by section 3(a) of the Bank Holding Company Tax Act of 1976, that its proposed sale of 582,591 shares of common stock of LaSalle National Bank, Chicago, Illinois to A.B.N.-Stichting is necessary or appropriate to effectuate the policies of the Bank Holding Com-pany Act. Legal Division Docket No. TOR 76-102 */

3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

V Processed on behalf of the Board of Governors, acting through its General Counsel, pursuant to delegated authority.

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H.2, 1979 No. 32

New York

San Francisco

San Francisco

- 11 -

APPLicancNS received

Tb Establish a Danes tic Branch Pursuant to Section 9 of the Federal Reserve Act

Manufacturers and Traders Trust Company, Buffalo, New York. Branch to be established at the Erie County Medical Center, 462 Grider Avenue, Buffalo. 2/

Bank of Utah, Ogden, Utah. Branch to be established at 195 South, West Temple, Salt Lake City. 2/

Bank of Utah, Ogden, Utah. Branch to be established at 2320 South Redwood Road, Salt Lake County. 2/

* * * * *

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

Cleveland BancOhio National Bank, Columbus, Ohio: requests permisssion to establish a branch in Grand Cay-man, British West Indies.

* * * * *

Atlanta

Atlanta

Atlanta

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

Capital Bancshares, Inc., Baton, Rouge, Louisiana, for approval to acquire 80-100 per cent (less directors' qualifying shares) of the voting shares of Capital Bank & Trust Co., Baton Rouge, Louisiana. 2/

Clover Bottom Estates, Inc., Hendersonville, Tennessee, for approval to acquire 80 per cent of the voting shares of Bank of Hendersonville, Hendersonville, Tennessee. 2/

Farmers Bancshares, Inc., Douglas, Georgia, for approval to acquire 80.2 per cent of the voting shares of Farmers State Bank, Cadwell, Georgia. 2/

2/ Application subject to Ccmnunity Reinvestment Act. The Ccmmmity Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.

i

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H.2, 1979 No. 32 12

APPLICATIONS RECEIVED-Ctontinued

Chicago Citizens Holding Co., Sac City, Iowa, for approval to acquire 86.5 per cent of the voting shares of Citizens Savings Bank, Sac City, Icwa. 2/

Chicago First Waukegan Corporation, Chicago, Illinois, for approval to acquire 80 per cent or more of the voting shares of The First National Bank of Waukegan, Waukegan, Illinois. 2/

St. Louis Mid-Missouri Bancshares, Inc., Belle, Missouri, for approval to acquire 95.6 per cent of the voting shares of Belle State Bank, Belle, Missouri. 2/

Kansas City Blackburn Bancshares, Inc., Blackburn, Missouri, for approval to acquire 80 per cent or more of the voting shares of Blackburn Bank, Blackburn, Missouri. 2/

Kansas City Corrmunity Bancorporation, Inc., Bristow, Oklahoma, for approval to acquire more than 80 per cent (less directors1 qualifying shares) of the voting shares of Comunity Bank, Bristov, Oklahoma. 2/

Kansas City Pender State Corporation, Pender, Nebraska, for approval to acquire 80 per cent or more of the voting shares of Pender State Bank, Pender, Nebraska. 2/

Kansas City UBT Bancorp, Inc., Bartlesville, Oklahoma, for approval to acquire more than 80 per cent (less directors1

qualifying shares) of the voting shares of Union Bank and Trust, Bartlesville, Oklahoma* 2/

Dallas CenTex Bancshares, Inc., Cranfills Gap, Texas, for approval to acquire 80-100 per cent of the voting shares of First Security State Bank, Cranfills Gap, Texas. 2/

Dallas

Dallas

Corpus Christi Bankshares, Inc., Corpus Christi, Texas, for approval to acquire 80-100 per cent of the voting shares of First State Bank of Corpus Christi, Corpus Christi, Texas. 2/

Cmaha Bancshares, Inc., Omaha, Texas, for approval to acquire 80-100 per cent of the voting shares of The State Bank of Cmaha, Texas, Cmaha, Texas. 2/

2/ Application subject to Community Reinvestment Act. The Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the Garment period.

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H.2, 1979 No. 32 - 1 3 -

APPIJCATICNS REmrVEEHGontinued

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

Atlanta Pan American Bancshares, Inc., Miami, Florida, for approval to acquire .80 per cent or more of the voting shares of Central Bank of Palm Beach County, West Palm Beach, Florida. 2/

St. Louis Landmark Bancshares Corporation, St. Louis, Missouri, for approval to acquire 90 per cent or more of the voting shares of Ladue Bank and Trust Company, Ladue, Missouri. 2/

Kansas City First National Charter Corporation, Kansas City, Missouri, for approval to acquire 51 per cent or more of the voting shares of Farmers Bank of Clinton, Clinton, Missouri. 2/

* * * * *

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

New York Citicorp, New York, New. York, for approval to engage in certain data processing activities, through a subsidiary to be known as Citishare Corporation, New York, New York.

Cleveland Mellon National Corporation, Pittsburgh, Pennsylvania, notification of intent to engage in de novo activi-ties (general consumer finance activities including acting as insurance agent with respect to the sale of credit life, credit accident, and health, and credit property insurance) at 1486 Semoran Blvd, Casselberry, Florida, through a subsidiary, Freedom Financial Services Corporation (8/6/79) 3/

Kansas City Community Banoorporation, Inc., Bristow, Oklahoma, for approval to engage de novo in the sale of credit life and credit accident and health insurance through the acquisition of 100 per cent of Ccranunity Business Trust, which will cwn 100 per cent of Qxtimmity Insurance Agency, Inc., Bristow, Oklahoma.

2/ Application subject to Community Reinvestment Act. Hie Community Reinvestment Officer of the applicable Reserve Bank may be contacted as to the length of the comment period.

3/ 4(c) (8) or 4(c) (12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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H.2, 1979 No. 32 - 14 -•

APPLICATIONS REXEIVED-Continued

Kansas City UBT Bancorp, Inc., Bartlesville, Oklahoma, for approval to engage de novo in the sale of credit-related in-surance through UBT Business Trust which will own 100 per cent of UBT Insurance Agency, Inc., Bartlesville, Oklahoma.

San First Hawaiian, Inc., Honolulu, Hawaii, notification of Francisco intent to engage in de novo activities (to include

property damage and liability insurance directly re-lated to its extensions of credit) at all offices of its subsidiary, Hawaii Tteift & Loan, Incorporated (8/10/79)3/

San Imperial Bancorp, Inglewood, California, notification Francisco of intent to engage in de novo activities (lending

and loan servicing activities) in the vicinity of the intersection of 116th Avenue, N.E. and 8th Street, N.E., Bellevue, Washington, through its sub-sidiary, Imperial Credit Corporation (8/7/79) 3/

San U.S. Bancorp, Portland, Oregon, notification of intent Francisco to engage in de novo activities (to engage in lend-

ing, loan servicing, leasing or personal property, and credit related insurance agency activities) in the vicinity of the intersection of South Federal Boulevard and North Belleview, Littleton, Colorado, through its subsidiary, U.S. Bancorp Financial, Inc. (8/6/79) 3/

* * * * *

REPORTS RECEIVED

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

The Maplewood Bank and Trust Company, Maplewood, New Jersey.

United States Trust Company of New York, New York, New York.

3/ 4(c)(8) or 4(c)(12) notification processed by Reserve Bank on behalf of the Board of Governors under delegated authority.

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H.2, 1979 No. 32

I

- 15 -

APPLICATIONS RECEIVED-Continued

PETITIONS FOR RULEMAKING

None.

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