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ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (H.2, 1980 No. 18) Actions of the Board; Applications and Reports Received During the Week Ending May 2, 1980 APPLICABLE RESERVE BANK ACTIONS OF THE BOARD Statement by Chairman Paul A. Volcker before the House Committee on Government Operations and the Senate Com- mittee on Agriculture, Nutrition and Forestry, with re- spect to assessing the financial repercussions of re- cent silver market speculation. Statement by Governor Nancy H. Teeters before the Senate Banking Committee on the proposed privacy legislation, S. 1928, which the Board must oppose in its present form. The Board requested comment on proposals to change Federal Reserve wire transfer operating hours. Regulation Z revisions; the Board issued a draft revision of its Regulation Z, which implements the Truth in Lend- ing Act, and asked for comment on the proposed stream- lined and simplified regulation through July 31, 1980. Regulation K revisions, nonbanking activities of foreign bank holding companies and foreign banks; the Board re- quested comment by June 30,1980 (Docket No. R-0291) Regulation K, proposed rules concerning the types of inter- national investments that may be made by member banks, Edge and Agreement Corporations and bank holding compa- nies; the Board requested comment through June 16, 1980 (Docket No. R-0290) New York Societe Generale, Paris, France, extension of time of one year within which to divest its interest in Hudson Securi- ties, Inc., New York, New York. 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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  • ANNOUNCEMENT BY

    BOARD OF GOVERNORS OF THE

    FEDERAL RESERVE SYSTEM (H.2, 1980 No. 18)

    Actions of the Board; Applications and Reports

    Received During the Week Ending May 2, 1980

    APPLICABLE RESERVE BANK ACTIONS OF THE BOARD

    Statement by Chairman Paul A. Volcker before the House Committee on Government Operations and the Senate Com-mittee on Agriculture, Nutrition and Forestry, with re-spect to assessing the financial repercussions of re-cent silver market speculation.

    Statement by Governor Nancy H. Teeters before the Senate Banking Committee on the proposed privacy legislation, S. 1928, which the Board must oppose in its present form.

    The Board requested comment on proposals to change Federal Reserve wire transfer operating hours.

    Regulation Z revisions; the Board issued a draft revision of its Regulation Z, which implements the Truth in Lend-ing Act, and asked for comment on the proposed stream-lined and simplified regulation through July 31, 1980.

    Regulation K revisions, nonbanking activities of foreign bank holding companies and foreign banks; the Board re-quested comment by June 30,1980 (Docket No. R-0291)

    Regulation K, proposed rules concerning the types of inter-national investments that may be made by member banks, Edge and Agreement Corporations and bank holding compa-nies; the Board requested comment through June 16, 1980 (Docket No. R-0290)

    New York Societe Generale, Paris, France, extension of time of one year within which to divest its interest in Hudson Securi-ties, Inc., New York, New York. 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

  • H.2 1980 No. 18 2 -

    ACTION OF THE BOARD-Continued

    San First Security Corporation, Salt Lake City, Utah, ex-Francisco tension of time to July 30, 1980, within which to

    acquire First Security Bank of St. George, N.A., St. George, Utah, a proposed new bank. 1/

    Dallas GAB Company, Dallas, Texas, extension of time to July 29, 1980, within which to consummate the acquisition of Grand Avenue Bank, Dallas, Texas. V

    Dallas Summit Bancshares, Inc., Fort Worth, Texas, extension of time to August 12, 1980, within which to consum-mate the acquisition of Summit National Bank, Fort Worth, Texas. 1/

    St. Louis English State Bank, English, Indiana, additional in-vestment in bank premises. V

    Minneapolis Peoples State Bank, Three Lakes, Wisconsin, investment in bank premises. 1/

    New York Bankers Trust Company, New York, New York, extension of time within which to establish a branch in the British Crown of Hong Kong. 1/

    New York Barclays Bank of New York, New York, New York, exten-sion of time within which to acquire 31 long Island and Queens branches of Bankers Trust Company, New York New York. V

    Chicago Wayne Bank and Trust Co., Cambridge City, Indiana, ex-tension of time to May 30, 1Q90, within which to es-tablish a branch at 1100 Chester Boulevard, Spring Grove, Indiana. 1/

    Kansas City Citizens Bank of Laramie, Laramie, Wyoming, a proposed new bank, extension of time to July 16, 1980, within which it may complete its application for membership in the Federal Reserve System. 1/

    St. Louis State Bank of Lima, Lima, Illinois, extension of time to June 14, 1980 to complete the sale of subordinated capital notes to the public. 1/

    1/ 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

  • H.2 1980 No. 18 - 3 -

    ACTIONS OF THE BOARD-Continued

    Boston Amherst Bank and Trust Company, Amherst, New Hampshire, proposed merger with Amoskeag National Bank and Trust Company, Manchester, New Hampshire, report to the Comp-troller of the Currency on competitive factors. 1/

    Philadelphia Farmers National Bank and Trust Company, Millheira, Penn-sylvania, proposed merger with the Community Bank, Port Matilda, Pennsylvania, under the newly issued charter and title of Farmers Community Bank; report to the Comp-troller of the Currency on competitive factors. V

    New York First Jersey National Bank, Jersey City, New Jersey, pro-posal to merge Home State Bank, Teaneck, New Jersey; re-port to the Comptroller of the Currency on competitive factors. V

    Philadelphia Marine National Bank of Wildwood, Wildwood, New Jersey, proposed merger with Horizon Marine National Bank, Wildwood, New Jersey; report to the Comptroller of the Currency on competitive factors. 1/

    Boston U.S. Trust Company, Milton, Massachusetts, proposed merger with Neponset Valley Bank and Trust Company, Canton, Massachusetts; report to the Federal Deposit Insurance Corporation on competitive factors. 1/

    1/ 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

  • H.2 1980 No. 18 - 4 -

    ACTION OF THE BOARD- Continued

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

    Approved Philadelphia Girard Bank, Bala Cynwyd, Pennsylvania. To establish

    an offsite electronic facility at 867 West Lancaster Avenue, Bryn Mawr, Pennsylvania. 1 & 2/

    Richmond Colonial State Bank, Inc., Marion, South Carolina. Branch to be established at 110 West Mclntyre Street, Mullins, South Carolina. 1/ & 2/

    * * * * *

    Chicago

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

    Approved Fayette Bancorporation, Hawkeye, Iowa, for approval

    to acquire 88.2 percent of the voting shares of Citizens Savings Bank, Hawkeye, Iowa. 1 & 2/

    Minneapolis American Bancshares - Red River, Inc., Coushatta, Louisiana, for approval to acquire 51.6 per cent of the voting shares of American Bank & Trust Company, Coushatta, Louisiana. 1/ & 2/

    Kansas City Central Bancorp., Central City, Nebraska, for approval to acquire not less than 90 per cent of the voting shares of Central Bank, Central City, Nebraska. 1/ & 2/

    Kansas City Chatham Bancshares, Inc., Kansas City, Missouri, for approval to acquire Keytesville Bancshares, Inc., Brookfield, Missouri, and indirectly acquire 100 per cent of the voting shares of First Security Bank of Brookfield, Brookfield, Missouri, 97.95 per cent of the voting shares of Thorton Bank, Nevada, Missouri and 87.12 per cent of the voting shares of Bank of Keytes-ville, Keytesville, Missouri. 1/ & 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.

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

  • H.2 1980 No. 18 - 5

    ACTIONS OF THE BOARD-Continued

    Kansas City Converse County Capital Corporation, Douglas, Wyoming, for approval to acquire 80 per cent or more (less directors' qualifying shares) of the voting shares of The Converse County Bank, Douglas, Wyoming. 1/ & 2/

    Kansas City First Security Bancshares, Inc., Brookfield, Missouri, for approval to acquire 100 per cent of the voting shares of First Security Bank of Brookfield, Brook-field, Missouri. 1/ & 2/

    Kansas City Nevada Bancshares, Inc., Nevada, Missouri, for approval to acquire 97.5 per cent of the voting shares of Thor-ton Bank, Nevada, Missouri. 1/ & 2J

    Dallas First University Corporation, Houston, Texas, for approval to acquire 80 per cent (less directors' qualifying shares) of the voting shares of First National Bank of West University Place (P.O. Houston) West University Place, Texas. 1/ & 2/

    Dallas Caldwell Bancshares, Inc., Caldwell, Texas, for approval to acquire 80 per cent or more of the voting shares of First State Bank in Caldwell, Caldwell, Texas

    * * * * *

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

    Approved Minneapolis Chisago Holding Company, Chisago City, Minnesota, for

    approval to acquire 51.6 per cent of the voting shares of Tri-County National Bank, Forest Lake, Minnesota, a proposed new bank. V & 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.

    I I

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

  • H.2 1980 No. 18 6

    ACTIONS OF THE BOARD-Continued

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

    Approved Richmond Southern Bancorporation, Inc., Greenville, South Carolina,

    for approval to acquire the assets of Citizens Finance Service, Moultrie, Georgia. 1/

    Delayed Boston Multibank Financial Corp., Quincy, Massachusetts, noti-

    fication of intent to engage in cle novo activities (to engage in item processing services for customers of affiliated banks; these activities, which include demand deposit accounting, installment loan account-ing and time deposit accounting, would be conducted from an exisiting office in Auburn, Massachusetts, servicing customers located throughout Massachusetts, Rhode Island, northern Connecticut, eastern New York, southern New Hampshire and southern Vermont) at 11 Midstate Drive, Auburn, Massachusetts, through its direct subsidiary, Multibank Computer Corp. (4/30/80) 3/

    Boston Multibank Financial Corp., Quincy, Massachusetts, noti-fication of intent to engage in jde novo activities (to engage in processing bank related financial data; this activity would be conducted from an exisitng office in Auburn, Massachusetts and would be performed for a single company located in Massachusetts) at 11 Midstate Drive, Auburn, Massachusetts, through its direct subsidi-ary, Multibank Computer Corp. (4/30/80) 3/

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

    in jie novo activities (making or acquiring loans and other extensions of credit, secured or unsecured, for consumer and other purposes; the extension of loans to dealers for the financing of inventory (floor planning) and working capital purposes; purchasing for its own account and ser-vicing sales finance contracts; and acting as agent for the sale of credit life, and credit accident and health insur-ance directly related to extensions of credit) at Center

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

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

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

  • H.2 1980 No. 18 - 7 -

    ACTION OF THE BOARD-Continued

    Point Office Building, 4000 N. State Rd. 7, Ft. Lauderdale, Florida; Dale Mabry Executive Center, 3725 Grace Street, West, Suite 100, Tampa, Florida; and 124 East Colonial Drive, Orlando, Florida, through its subsidiary, Citicorp Person-to-Person Financial Center of Florida, Inc. (5/3/80) V

    Cleveland Mellon National Corporation, Pittsburgh, Pennsylvania, noti-fication of intent to engage in de novo activities (general consumer finance activities including acting as insurance agent with respect to the sale of credit life insurance, credit accident and health insurance, and credit property insurance) at 4708 South Florida Avenue, Lakeland, Florida and 2564 Sunset Point Road, Clearwater, Florida, through its subsidiary, Freedom Financial Services Corporation (4/29/80) 3/

    Barnett Banks of Florida, Inc., Jacksonville, Florida, noti-fication of intent to engage in de novo activities (offer-ing check verification services, including authorizing subscribing merchants to accept certain personal purchase money checks and obligating Verifications to purchase prop-erly verified checks which are subsequently dishonored) at 4160 Woodcock Drive, Jacksonville, Florida, to be offered throughout North Carolina and South Carolina, through its subsidiary, Verifications, Inc. (4/29/80) 3J

    Texas Commerce Bancshares, Inc., Houston, Texas, notifica-tion of intent to engage in de novo activities (to engage in lending activities) Wilmington, Delaware, through Its wholly-owned subsidiary, Texas Commerce Funding Company (4/28/80) 3/

    Texas Commerce Bancshares, Inc., Houston, Texas, notifica-tion of intent to engage in de novo activities (to engage in lending activities) Wilmington, Delaware (4/28/80) 3/

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

    sonal property broker, commercial credit and finance com-pany activities) at One Town Center Drive, Costa Mesa, California and 3200 Wilshire Boulevard, Los Angeles, Cali-fornia, through its subsidiary, Imperial Credit Corpora-tion (4/28/80) 3/

    Atlanta

    Dallas

    Dallas

    San

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

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

  • H.2 1980 No. 18 8

    ACTION OF THE BOARD-Continued

    San Security Pacific Corporation, Los Angeles, California, noti-Francisco fication of intent to engage in de novo activities (to en-

    gage in lending activities) in San Francisco, Pasadena, and San Diego, California, and Dallas, Texas, through its sub-sidiary, Security Pacific Finance Corp. (5/2/80) 3j

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

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

  • H.2 1980 No. 18 - 9

    APPLICATIONS RECEIVED

    Chicago

    San Francisco

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

    Security Bank of Richmond, Richmond, Michigan. To establish an out-of-town branch in the vicinity of Hall Road (M-59) and Romeo Plank Road, Macomb Town-ship, Macomb County, Michigan. 2/

    The Continental Bank and Trust Company, Salt Lake City, Utah. Branch to be established at 9000 South 1700 West, Salt Lake City, Utah. 2/

    * * * * *

    Chicago

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

    Springfield Marine Bank, Springfield, Illinois, to merge with SM Bank, Springfield, Illinois. 2/

    * * * * *

    To Organize, or Invest in, a Corporation Doing Foreign Banking and Other Foreign Financing Pursuant to Section 25 or 25(a) of the Federal Reserve Act

    Chicago Continental Illinois National Bank and Trust Company of Chicago, Chicago, Illinois: requests consent to re-organize its banking Edge corporation by establishing a new banking Edge corporation in Chicago to assume the assets and liabilities and capital of four existing Edges in New York, Miami, Houston and Los Angeles and to establish branches in those cities.

    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.

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

  • H.2 1980 No. 18 - 10 -

    APPLICATION RECEIVED-Continued

    Applications and Notifications for International Invest-ments and Other Actions Pursuant to Sections 25 and 25(a) of the Federal Reserve Act and Sections 4(c)(9) and 4(c)(13) of the Bank Holding Company Act of 1956, as amended

    New York IDB Bankholding Corporation, Israel Discount Bank Limited, Israel Investment and Finance Corporation Limited, Israel Financial Holdings Limited, Gov Financial Holding Limited and Naftali Financial Holdings Limited, all of Tel-Aviv, Israel to retain direct and indirect interests in PEC Israel Economics Corporation, New York, New York.

    * * * * *

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

    New York IDB Bankholding Corporation, Israel Discount Bank Limited, Israel Investment and Finance Corporation Limited, Israel Financial Holdings Limited, Gov Financial Holding Limited and Naftali Financial Holdings Limited, all of Tel-Aviv, Israel, for aproval to acquire Israel Discount Trust Com-pany, New York, New York. 2/

    Chicago Marine Bancorp, Inc., Springfield, Illinois, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of the successor by merger to Springfield Marine Bank, Springfield, Illinois. 2/

    Chicago Waytru Bancorp., Cambridge City, Indiana, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of Wayne Bank and Trust Co., Cambridge City, Indiana. 2J

    Chicago WORTH BANCORP., INC., Chicago, Illinois, for approval to acquire 80 per cent or more of the voting shares of Worth Bank and Trust, Worth, Illinois. 2]

    St. Louis Carbondale Bancshares, Inc., Carbondale, Illinois, for approval to acquire 80 per cent of the voting shares of MidAraerica Bank and Trust Company of Carbondale, Carbondale, Illinois. 2/

    St. Louis First Paris Holding Company, Paris, Arkansas, for approval to acquire 86.25 per cent of the voting shares of The First National Bank at Paris, Paris, Arkansas. 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 comment period.

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

  • H.2 1980 No. 18 - 11

    APPLICATION RECEIVED-Contlnued

    Kansas City Tecumseh F & M Bancorp, Inc., Tecumseh, Oklahoma, for approval to acquire 80 per cent of the voting shares of The Farmers and Merchants Bank, Tecumseh, Oklahoma. 2/

    Dallas NorthPark National Corporation, Dallas, Texas, for approval to acquire 100 per cent of the voting shares (less direc-tors' qualifying shares) of Northpark National Bank of Dallas, Dallas, Texas. 1}

    Dallas Nasher Financial Corporation, Dallas, Texas, for approval to acquire NorthPark National Corporation, Dallas, Texas and thereby indirectly acquire 44.58 per cent of the vot-ing shares (less directors' qualifying shares) of North-park National Bank of Dallas, Dallas, Texas. 2/

    San Capital Bancorp, Salt Lake City, Utah, for approval to ac-Francisco quire 80 per cent or more of the voting shares (less

    directors' qualifying shares) of Capital City Bank, South Salt Lake City, Utah. 2/

    * * * * *

    Chicago

    St. Louis

    Dallas

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

    Hawkeye Bancorporation, Des Moines, Iowa, for approval to acquire 100 per cent of the voting shares of Sibley Bancorportion, Sibley, Iowa and thereby indirectly acquire 94 per cent and directly acquire 6 per cent of the voting shares of The First National Bank of Sibley, Sibley, Iowa. If

    Central Bancompany, Jefferson City, Missouri, for approval to acquire at least 74 2/3 per cent of the voting shares of Empire Bank, Springfield, Missouri. If

    First City Bancorporation of Texas, Inc., Houston, Texas, for approval to acquire 100 per cent of the voting shares (less directors' qualifying shares) of The First National Bank of Madisonville, Madisonville, 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 comment period.

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

  • H.2 1980 No. 18 - 12 -

    APPLICATION RECEIVED-Continued

    Dallas Republic of Texas Corporation, Dallas, Texas, for approval to acquire 100 percent of the voting shares (less directors' qualifying shares) of The Citizens National Bank of Waco, Waco, Texas, 2/

    * * * * *

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

    New York Citicorp, New York, New York, notification of intent to engage in de novo activities (to engage in making direct loans to consumers, secured and unsecured, and in the sale of credit-life and credit-accident and health insurance in connection with such direct lending activities) at 7720 York Road, Towson, Maryland and two additional limited purpose offices at Eastpoint Mall, Eastern Avenue and North Point Boulevard, Balti-more, Maryland and Prince Georges Plaza, 3500 East-West Highway, Hyattsville, Maryland, which will provide cus-tomer service, account adjustment and application accep-tance functions in connection with these proposed new activities, and also in connectin with the present acti-vities of Citicorp Financial, Inc. relating to the pur-chase and servicing, for its own account or the account of others, of credit card accounts receivable through a subsidiary, Citicorp Financial Inc. (4/30/80) 3/

    New York Republic New York Corporation, New York, New York, noti-fication of intent to engage in die novo activities (un-der continuing contractual arrangements: purchase from manufacturers, dealers and, merchants, accounts receivable, contract rights, chattel paper, documents and general in-tangibles, together with the proceeds thereof, and assuming credit risks arising from approved shipments of goods, com-monly known as factoring: commercial financing secured by inventory, accounts receivable, and other assets; servicing of the foregoing credit extension arrangement) at 335 Lex-ington Avenue, New York, New York and 1605 West Olympic Boulevard, Los Angeles, California, through its subsidiary, Republic New York International Factors Corp. (4/29/80) V

    2/ Application subject of Community Reinvestment Act. The 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.

    I

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

  • H.2 1980 No. 18 - 1 3 -

    APPLICATION RECEIVED-Contlnued

    Philadelphia First Pennsylvania Corporation, Philadelphia, Pennsylvania for approval to retain at least 885 shares of the voting shares of Pennamco, Inc., Bala Cynwyd, Pennsylvania.

    Philadelphia Philadelphia National Corporation, Philadelphia, Pennsylvania, notification of intent to engage in d novo activities (making installment loans secured by real and personal pro-perty, purchasing sales finance contracts, selling individual and joint credit life insurance, credit accident and health insurance and property damage (casualty) insurance on col-lateral in connection with certain installment loans made and sales finance contracts purchased and reinsuring such life in-surance and accident and health insurance through Patrick Henry Life Insurance Company and Patrick Henry Insurance Company, indirect subsidiaries of Philadelphia National Corpora-tion; and generally acting as a personal property broker as permitted by the California Personal Property Brokers Law) at Rodeo Plaza Shopping Center, East Shaw Avenue, Clovis, Cali-fornia, through its subsidiary, Signal Finance of California, Inc. (5/3/80) 3/

    Chicago WORTH BANCORP., INC., Chicago, Illinois, for approval to engage in insurance activities through a de novo subsidiary, Worbank Insurance Agency, Inc., Worth, Illinois.

    Kansas City Blue Hill Agency, Inc., Blue Hill, Nebraska, for approval to retain general insurance agency activities in a community of less than 5,000.

    Kansas City Farm and Home Insurance Agency, Inc., Lyons, Nebraska, for approval to retain general insurance agency activities by Farm & Home Insurance and also retain assets of Pounds Insurance Agency.

    Kansas City First Midwest Bancorp, Inc., St. Joseph, Missouri, notifica-tion of intent to engage in de novo activities (to engage in all aspects of the business of agicultural finance, in-cluding the making and servicing of loans to individuals, partnerships, corporations and other business entities, the proceeds of which are to be used for the purpose of engaging in the production of livestock and other agricultural activi-ties) at Fourth and Felix Streets, St. Joseph, Missouri, through its subsidiary, First Agcorp, Inc. (4/30/80) 3/

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

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

  • H.2 1980 No. 18 - 1 4 -

    APPLICATION RECEIVED-ContInued

    Dallas

    Dallas

    Kansas City Header Insurance Agency, Inc., Waverly, Kansas, for approval to retain general insurance agency activities.

    Kansas City Niobrara Investment Company, Niobrara, Nebraska, notification of intent to engage in de novo activities (to engage in general insurance activities) at an office in Niobrara, Nebraska. (4/28/80) 3/

    Kansas City Summit Buena Vista Agency, Inc., Buena Vista, Colorado, noti-fication of intent to engage in de novo activities (to engage in the sale of general insurance!at an office in Buena Vista, Colorado (5/2/80) 3/

    Kansas City Western Bancshares, Inc., Stockton, Kansas, for approval to retain its general insurance agency activities with Woodston Agency, Woodston, Kansas.

    Republic of Texas Corporation, Dallas, Texas, for approval to retain 100 per cent of the voting shares of Republic Ex-change Company, Dallas, Texas.

    CORRECTION: The notice for Texas Commerce Bancshares, Inc., Houston, Texas

    to engage in de novo activities through a subsidiary, Texas Commerce Funding Company in Wilmington, Delaware which was listed as Received on H.2 No. 11 should have also included the Holding Company engaging directly in the activity in Wilmington, Delaware (3/14/80) 3/

    Commercial Security Bancorportion, Ogden Utah, notification of intent to engage in de novo activities (to engage in lending activities) in Ogden, Utah. (4/28/80) 3/

    Security Pacific Corporation, Los Angeles, California, notifi-cation of intent to engage in de novo activities (to engage in certain trust company activities and storing and process-ing of financial data) at 1780 Century Circle, Suite 4, Atlanta Georgia, through its subsidiary, Loan Closing Services, Inc. (5/2/80) 3/

    San Wells Fargo & Company, San Francisco, California, notification Francisco of intent to engage in de novo activities (to engage in lend-

    ing, loan servicing, and credit-related insurance activities) in Bend, Oregon, through its subsidiary, Wells Fargo Mortgage Company (5/2/80) 3/

    San Francisco

    San Francisco

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

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

  • H.2 1980 No. 18 15

    APPLICATION RECETVED-Continued

    New York

    Chicago

    Chicago

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

    Warner Communications Inc., New York, New York, notifica-tion of intent to acquire The Samuel Goldwyn Studios from the Motion Picture and Televison Fund. (4/28/80) 3/

    Berkshire Hathaway Inc., New Bedford, Massachusetts, and nonbanking subsidiaries, notification of intent to ac-quire more than 5 percent of the outstanding voting stock of CSE Corporation, San Francisco, California. (4/30/80) 2/

    Berkshire Hathaway Inc., New Bedford, Massachusetts, and nonbanking subsidiaries, notification of intent to acquire more than 5 per cent of the outstanding voting stock of Carolina Casualty Insurance Company, Jackson-

    Registration Satement Filed Pursuant to Section 12(g) of the Securities Exchange Act

    The Bank of Vienna, Vienna, Virginia.

    The Bank of West Point, West Point, Virginia.

    The Roscommon State Bank, Roscommon, Michigan.

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

    Citizens Commercial & Savings Bank, Flint, Michigan.

    ville, Florida. (4/30/80) 3/

    * * * * *

    REPORTS RECEIVED

    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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  • .2 1980 No. 18 - 16 -

    AFFLICTION RECEVIED-Contlnued

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

    The Independent Bank and Trust Company, West Trenton, New Jersey (Filed by Robert David Carr)

    Valley Bank of Nevada, Las Vegas, Nevada (Filed by Jerome D, Mack and E, Parry Thomas)

    * * * * *

    PETITIONS FOR RULEMAKING

    None.

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