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H. 2OCTOBER 16, 1989PAGE 8TOOCTOBER 20, 1989ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKSUNDER DELEGATED AUTHORITYCOMPETITIVE FACTORS REPORTSDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. LouisRichmondFirst Clark National Bank of Northfork, Northfork,West Virginia, proposed merger with Ameribank,Welch, West Virginia, and The Bank of War, War,West Virginia — report on competitive factors.Submitted, October 19, 1989.PhiladelphiaFirst Eastern Bank, National Association, Wilkes Barre, Pennsylvania, proposed merger with The FirstNational Bank of Wyoming, Wyoming, Pennsylvania —report on competitive factors.Submitted, October 19, 1989.Kansas CityFirst National Ban k of Fairbury, Fairbury, Nebraska,proposed merger with DeWitt State Bank, DeWitt,Nebraska — report on competitive factors.Submitted, October 18, 1989.ChicagoFirst of A m erica B a n k - Northeast Illinois, N.A.,Libertyville, Illinois, proposed merger with Firstof Amer i c a Ban k - Zion, Zion, Illinois — report oncompetitive factors.Submitted, October 18, 1989.MinneapolisFirstar St. Anthony Bank, National Association, St.Anthony, M:‘»nesota, proposed merger with NewFirstar St.Tlnthony Bank, National Assoc i a t i o n —report on competitive factors.Submitted, October 17, 1989.ClevelandNewco National Bank, Chester, West Virginia, proposedmerger with First National Bank of Chester —report on competitive factors.Submitted, October 17, 1989.PhiladelphiaPeoples National Ba n k of Lebanon, Lebanon,Pennsylvania, proposed merger with Peoples Interim,National Association — report on competitivefactors Submitted, October 20, 1989.

H.2OCTOBER 16, 1989PAGE 9TOOCTOBER 20, 1989ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKSUNDER DELEGATED AUTHORITYCOMPETITIVE FACTORS REPORTSBostonPlymouth Savings Bank, Wareham, Massachusetts,proposed merger with Middleborough Savings Bank,Middleboro, Massachusetts — report on competitivefactors.Submitted, October 17, 1989.St. LouisReelfoot Bank, Hornbeck, Tennessee, proposed mergerwith Dukedom Bank, Dukedom, Tennessee — report oncompetitive factors.Submitted, October 20, 1989.DallasSecurity State Bank, Hedley, Texas, proposed mergerwith City State B a n k in Wellington, Wellington,Texas — report on competitive factors.Submitted, October 18, 1989.EXTENSIONS OF TIMEDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. LouisStaff DirectorBS&RBaltimore Bancorp, Baltimore, Maryland — extensionto dispose of certain noncomforming assets.Granted, October 19, 1989.San FranciscoBankAmerica Corporation, San Francisco, California —extension to divest certain properties.Granted, October 17, 1989.AtlantaBarnett Banks, Inc., Jacksonville, Florida —extension to January 19, 1990, to engage de novo inlending activities through CreditQuick Corporation.Granted, October 17, 1989.New Y o r kCitibank Overseas Investment Corporation, New Castle,Delaware — one-year extension to make anadditional indirect investment in Citibank SavingsLimited, Sydney, Australia.Granted, October 16, 1989.St. LouisCounty Bancorporation, Inc., Jackson, Missouri —extension to November 17, 1989, to acquire CapitalBancorporation, Inc., St. Louis, Missouri, andCapital Bank & Trust Company of Clayton, Clayton,Missouri.Granted, October 18, 1989.

H.2OCTOBER 16, 1989PAGE 10TOOCTOBER 20, 1989ACTIONS TAKEN BY THE STAFF AND THE FEDERAL RESERVE BANKSUNDER DELEGATED AUTHORITYEXTENSIONS OF TIMEDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. LouisR i chmondCrown National Bancorporation, Inc., Charlotte, NorthCarolina — extension to February 1, 1990, toacquire Crown National Bank.Granted, October 18, 1989.ChicagoFirstar Corporation, Milwaukee, Wisconsin, andFirstar Corporation of Minnesota — extension toFebruary 1, 1990, to acquire First Trust Company ofMinnesota, Minneapolis, Minnesota.Granted, October 19, 1989.ChicagoLiberty State Bank & Trust, Hamtramck, Michigan —extension to April 18, 1990, to establish a branchat the northeast corner of the intersection ofMetropolitan Parkway and Dundee, Sterling Heights,Michigan, and to invest in bank premises.Granted, October 18, 1989.Staff DirectorBS&RSecurity Pacific Corporation, Los Angeles, California— extension to conform activities of Burns FryHoldings Corporation, Toronto, Ontario, Canada, toRegulation K.Granted, October 19, 1989.ChicagoState Savings Bancorp, Inc., Caro, Michigan —extension to January 22, 1990, to acquire StateSavings Bank of C a r o .Granted, October 20, 1989.ChicagoSuburban Bancorp, Inc., Palatine, Illinois —extension to December 31, 1989, to redeem shares.Granted, October 19, 1989.A t lantaSummerville / Trion Bancshares, Inc., Summerville,Georgia — extension to January 23, 1990, to engagede novo in insurance activities.Granted, October 18, 1989.San FranciscoU.S. Bancorp, Portland, Oregon —certain property.Granted, October 19, 1989.extension to divest

FED E R A L RESERVE BANK OF BOSTON APPLIC A T I O N SSECTION I - APPLICATIONS SUBJECT TONEWSPAPER NOTICE ONLYApplicationDateComment Period EndingNONES E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T HNEWSPAPER AND FEDERAL REGISTER NOTICEApplicationDateComment Period EndingO l d e W i n d s o r B a n c o r p , Inc.,Olde Windsor, Connecticut(Olde W i n d s o r ) - C h a n g e inControl notification filedby John Coccomo to acquirean additional 10.1% of theshares of Olde W i n d s o rN e w s p ap e rFederal RegisterNot Yet Established11-2-89S E C T I O N III - A P P L I C A T I O N S S U B J E C T TOFEDERAL REGISTER NOTICE ONLYApplicationDateComment Period EndingFleet/Norstar FinancialFederal RegisterG r o u p , Inc., P r o v i d e n c e ,Rhode Island and Fleet/NorstarN e w Y o r k , Inc., A l b a n y , N e wY o r k - 4(c)(8) a p p l i c a t i o nto e n g a g e in t h e p l a c e m e n tof all t y p e s of s e c u r i t i e s andto provide investment advisoryservices to retail andinstitutional customers, throughAdams McEntee, Fleet/NorstarS e c u r i t i e s , Inc., N e w Y o r k , N e wLo rkNot Yet EstablishedS E CTION IV - APPLIC A T I O N S NOT S U BJECT TOFEDERAL REGISTER OR NEWSPAPER NOTICEApplicationDateComment Period EndingNONE*Subj e c t to CRADigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis

Federal Reserve Bank of New YorkComment PeriodEnding DateSECTION IApplications Subject to NewspaperNotice OnlyChemical Bank, New York, New York to establish a branchat Baruch College of CUNY, 17 Lexington Avenue, New York,New York.l/11/16/89Central Trust Company, Rochester, New York to establisha branch at Guaranty Building, 28 Church Street, Buffalo,New York.l/11/13/89SECTION IIApplications Subject to BothNewspaper and Federal Register NoticeThe Owego National Financial Corp., Owego, New Yorkto acquire The Owego National Bank, Owego, New York.l/11/10/89 3/SECTION IIINonbanking Applications(Subject to Federal Register Notice Only)North Fork Bancorporation, Inc., Mattituck, New Yorkto engage through its subsidiary, Compass InvestmentServices Corp., Garden City, New York, in securitiesbrokerage activities.N/ASECTION IVApplications Not InvolvingPublic CommentCitibank, N.A., New York, New York to retain the sharesof its subsidiary, Saudi American Bank, Riyadh, SaudiArabia ("SAMBA"), after SAMBA engages in Murabaha, a meansof financing under Islamic principles, in Saudi Arabia.1/2/3/4/Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. LouisSubject to provisions of Community Reinvestment Act.Later of dates specified in newspaper and Federal Register notices.Date specified in newspaper notice; a later date may be specified inthe Federal Register notice.N/A - Not AvailableDate specified in Federal Register notice; a later date may bespecified in the newspaper notice.

FEDERALRESERVE BA N K O FPHILADELPHIASECTION I APPLICATIONS SUBJECT TO NEWSPAPER NOTICE ONLYComment Period Ending DateNone.S E C T I O N II - A P P L I C A T I O N S S U B J E C T T O B O T H N E W S P A P E R A N DFEDERAL REGISTER NOTICEComment Period Ending DateF i r s t B a t h C o r p . . B a t h , P A r e q u e s t s p e r m i s s i o n 1/f o r J o h n W. T r o x e l l , Jr. t o o w n u p t o 1 1 . 3 0 %o f c a p i t a l s t o c k of F i r s t B a t h Corp. p u r s u a n tt o t h e C h a n g e in B a n k C o n t r o l Act.11/2/89*N / ANewspaper:Federal Register:G u a r a n t y B a n c s h a r e s C o r p o r a t i o n . S h a m o k i n , P A 1/M a l c o l m G. C h a c e a n d A r n o l d B. C h a c e r e q u e s tpermission to owni n e x c e s s o f 10% o f G u a r a n t e e ' sc o m m o n s t o c k p e r C h a n g e i n B a n k C o n t r o l Act.Newspaper:Federal Register:11/03/89**10/20/89** T h i s d a t e w a s i n c o r r e c t l y r e c o r d e d a s 1 1 / 1 3 / 8 9 o n l a s t w e e k ' s r e p o r t .SECTION III - A P P L ICATIONS SUBJECT TO F E D E R A L R E G ISTERNOTICE ONLYComment Period Ending DateNone.SECTION IV APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICEOR NEWSPAPER NOTICEM e r i d i a n Bancorp, I n c . . Reading, PA seeks a p p r o v a l to m a k e a y,RoderickS u t h e r l a n d & P a r t n e r s , P L C in E d i n b u r g h , S c o t l a n d , p u r s u a n t t o S e c t i o n5(c) o f R e g u l a t i o n K.1/S u b j e c t t o p r o v i s i o n s of C o m m u n i t y R e i n v e s t m e n t A c t .*N/A - not yet available.Ten Independence Mall, Philadelphia, PA 19106-1574. (215) 574-6000Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis

Applications BulletinF o r W e e k E n d i n g O c t o b e r 21,1989SECTION I - APPLICATIONS SUBJECT TO NEWSPAPERNOTICE ONLYNONES E C T I O N II A P P L I C A T I O N S S U B J E C T T O B O T HNEWSPAPER AND FEDERAL REGISTER NOTICENONES E C T I O N III A P P L I C A T I O N S S U B J E C T T O F E D E R A L R E G I S T E RNOTICE ONLYAPPLICATIONR e c e i v e d S e c t i o n 4(c)(8) N o t i f i c a t i o n onO c t o b e r 2, 1 9 8 9 f r o m C a r d i n a l B a n c s h a r e s ,I n c . , Lexington, Kentucky, of its i ntentto e n g a g e de n o v o in m a n a g e m e n t c o n s u l t i n gto n o n - a f f i l i a t e d b a n k and n o n - b a n kdepository institutions pursuant toS e c t i o n 2 2 5 . 2 5 ( b ) ( 1 ) o f R e g u l a t i o n Y.COMMENT PERIOD ENDINGO c t o b e r 30,1989R e c e i v e d S e c t i o n 4(c)(8) a p p l i c a t i o n onNot Yet Known #O c t o b e r 18, 1 9 8 9 f r o m H u n t i n g t o n B a n c s h a r e sInco r p o r a t e d , Columbus, Ohio, t o a c q u i r ecertain assets of Farragut Mortgage C o . ,Inc., W a l t h a m , M a s s a c h u s e t t s .*#NF-Subject to CRAE x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s f r o m t h e d a t e o f r e c e i p tNewspaper Comment PeriodFederal Register Comment PeriodDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis

Applications BulletinF o r W e e k E n d i n g O c t o b e r 21,1989S E C T I O N III - A P P L I C A T I O N S S U B J E C T T O F E D E R A L R E G I S T E RN O T I C E O N L Y C o nt.R e c e i v e d S e c t i o n 4(c)(8) N o t i f i c a t i o n onNot Yet Known #O c t o b e r 20, 1 9 8 9 f r o m I n t e g r a F i n a n c i a lCorporation, Pittsburgh, Pennsylvania, toe n g a g e d e n o v o in l e a s i n g a c t i v i t i e s t h r o u g ha wholly-owned subsidiary, Integra LeasingCompany, Washington, Pennsylvania, pu r s u a n tt o S e c t i o n 2 2 5 . 2 5 ( b ) ( 5 ) (iv) o f R e g u l a t i o n Y.SECTION IV APPLICATIONS NOT SUBJECT TO FEDERAL REGISTER NOTICEOR NEWSPAPER NOTICENONE*#NF-Subject to CRAE x p e c t e d t o e n d a p p r o x i m a t e l y 30 d a y s f r o m t h e d a t e o f r e c e i p tNewspaper Comment PeriodFederal Register Comment PeriodDigitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis

F e d e r a l R e s e rv e Bank o f Richm ondSection I - Applications Subject to NewspaperNotice OnlyApplicationComment Period Ending DateNoneSection II - Applications Subject to BothNewspaper and Federal Register NoticeApplicationComment Period Ending DateNoneSection III - Applications Subject to Federal R e gister NoticeApplicationComment Period Ending DatePeoples Bancorporation, Rocky Mount, NorthCarolina, for prior approval to acquireWat a u g a Savings and Loan Association,Inc., Boone, N o rth Carolina.*First U n i o n Corporation, Charlotte, NorthCarolina, to engage in acting for nonaffiliatedpersons as a futures commission merchantregistered w i t h the Commodities Futures TradingCommission in order to execute and clear optionson bullion, foreign exchange, U. S. Governmentsecurities and m o ney market instruments onestablished commodity exchanges, and options onfutures in such commodities and instruments; andp r oviding advisory services to institutionalcustomers consis t i n g of general research andadvice on m a rket conditions and trading strategies,client account information and reconciliation oftrades, and communi c a t i o n linkage b e t w e e n clientsand commodity exchange floors in connection w i t hthe pr o p o s e d futures commission merchant activitiesthrough its subsidiary, First U n i o n FuturesCorporation, Charlotte, North Carolina. Theactivities w o u l d be conducted nationwide.10-30-89Not Yet AvailableSection IV - Applications Not Subject toFederal Register Notice or Newspaper NoticeApplicationNone E x p i ration of comment period specified in the Federal R e g i s t e r .Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis

O c t o b e r 23,1989Federal Reserve Bank of A t l a n t aApplications BulletinSection I - Applications Subject to Newspaper Notice OnlyApplicationColonial Bank Montgomery, AlabamaTo e s t a b l i s h a b r a n c h o f fice at1 1 0 5 B e l t l i n e R o a d , S.E., D e c a t u r ,Alabama, to b e k n o w n as t h e D e c a t u rBranch.Bank at Ormond By-The-SeaOrmond By-The-Sea, FloridaTo become a member of theFederal R e s e r v e System,through charter conversion,pursu a n t to section 9 of theF e d e r a l R e s e r v e Act.11-01-8910-25-89(CRA)(CRA)S e c t i o n II - A p p l i c a t i o n s S u b j e c t t o B o t hNewspaper and Federal Register NoticeApplicationComment Period Ending DateB a n c S h a r e s N a t i o n a l Corp.Atla n t a , Georgial-BHCformation, Vinings Bank &Trust, N . A . , Atlanta, Georgia.Kislak Financial CorporationM i a m i Lakes, F l o r i d a l - B H Cformation, Kisl a k NationalBank, N o r t h M i a m i , F l o r i d a .Southwest Georgia FinancialCorporation Employee StockOwnership Plan and TrustMoultrie, Georgia NewspaperC h a n g e in c o n t r o l p r o p o s a lt o a c q u i r e a n a d d i t i o n a l 15.2percent of the outstandingshares of Southwest GeorgiaFinancial Corporation, Moultrie,Georgia.The acquisition willi n c r e a s e t h e E S O P 's t o t a l o w n e r s h i pto 24.5 percent.Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis10-31-89

Industrial Equity Pacific LimitedH o n g K o n g C h a n g e in c o n t r o l b yIndustrial Equity Pacific Limited(IEP) a n d e i g h t f i r m s t h a td i r e c t l y o r i n d i r e c t l y c o n t r o l IEP,t o ac q u i r e an additional 10.09percent of the outstanding sharesof Whitney Holding Corporation,N ew Orleans, Louisiana.Theacquisition will increase theirtotal percentage ownership of Whitneyt o 19.9 percent.O c t o b e r 23,10-31-89Federal Register1989Federal Reserve Bank of AtlantaApplications BulletinSection IV - Applications Not Subject To Federal Register NoticeOr Newspaper NoticeApplicationInter n a t i o n a l B a ncorp of Miami,N. V . M i a m i , F l o r i d a C o m m i t m e n tw a i v e r request.Middle Georgia Bankshares,Unadilla, GeorgiaC o m mitment w a i v e r request.Inc.F i r s t St. C h a r l e s B a n c s h a r e s , Inc.Boutte, LouisianaAfter-the-fact stock redemptionnotification to retain 33,682 shares(17.4 p e r c e n t ) o f i t s o u t s t a n d i n gc o m m o n stock.U . S . B a n c s h a r e s , Inc.Morristown, TennesseeT o r e d e e m 1 1 , 5 6 9 s h a r e s (10 p e r c e n t )of its o u t s t a n d i n g c o m m o n stock.Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. Louis

F e d e r a l R e s e rv e Bank o f C h ic a g oSection I - Applications Subject to NewspapcNotice OnlyTypeAppli c a t i o nComment PeriodE n ding DateNoneSection II - Applications Subject to BothN e wspaper and Federal Register NoticeComment PeriodEnd i n g DateTypeAppl i c a t i o nY-2A.B.N. - StichtingA m s t e r d a m , NetherlandsE x c hange Bancorp, Inc.Chicago, IllinoisThe Exchange Bank of River OaksCalumet City, IllinoisE x change National Bank of ChicagoChicago, IllinoisE x change Bank of DuPageO a k Brook, IllinoisE x c hange Bank of Lake CountyV e r n o n Hills, Illinois*FR - 10-25-89N - 10-23-89Y-2ABN/L a S a l l e North America, Inc.Chicago, IllinoisE x change Bancorp, Inc.Chicago, IllinoisThe Exch a n g e Bank of River OaksCalumet City, IllinoisExch a n g e National Bank of ChicagoChicago, IllinoisExchange Bank of DuPageO a k Brook, IllinoisF R - 10-25-89N - 10-23-89Exchange Bank of Lake CountyV e r n o n Hills, Illinois*Y-2Digitized for FRASERhttp://fraser.stlouisfed.org/Federal Reserve Bank of St. LouisA l g e m e n e Bank Nederland, N.V.Amsterdam, NetherlandsExch a n g e Bancorp, Inc.Chicago, IllinoisThe Exchange Bank of River OaksCalumet City, IllinoisE x c hange National Ba n k of ChicagoChicago, IllinoisE x change Bank of DuPageO a k Brook, IllinoisE x change Bank of Lake CountyV e rnon Hills, Illinois*FR - 10-25-89N - 10-23-89

F e d e r a l R e s e rv e Bank o f C h ic a g oSection II - Applications Subject to BothN e wspaper and Federal R e gister Noti c eContinuedComment PeriodE n d i n g DateTypeApplicationY-2LaSa l l e N a t ional CorporationChicago, IllinoisExch a n g e Bancorp, Inc.Chicago, IllinoisThe Exch a n g e Bank of Riv e r OaksCalumet City, IllinoisExch a n g e National Ba n k of ChicagoChicago, IllinoisExch a n g e B a n k of DuPageO a k Brook, IllinoisExch a n g e Ban k of Lak e CountyV e r n o n Hills, Illinois*F R - 10-25-89N - 10-23-89Y-2M e r c a n t i l e Bancorp, Inc.Hammond, IndianaM e a d o w v i e w Bancorp, Inc.Kankakee, IllinoisFirst National Bank of Kankakee CountyK a n k a k e e , 111inois*FR - 10-27-89N - 11-3-89CoC-HCCapitol Bancorp, Ltd.Lansing, M i c h i g a nJoseph D. Re i d and Jerry L. Reid asJoint Tenants & J. D. Reid,P .C . Retirement TrustFR - 10-30-89N - 9-26-89Y-lCentury Financial CorporationC o l d w a t e r , Mic higanCentury Bank and TrustC o l d w a t e r , Michigan*FR - 10-11-89N - 10-27-89Y-lFIB Acquisition, Inc.FR - 10-30-89Kohler, Wi s c o n s i nN - 9-30-89First Illini Bancorp, Inc.Galesburg, IllinoisAb i n g d o n Ban k and Trust CompanyAbingdon, IllinoisCommunity B a n k & Trust CompanyCanton, IllinoisFirst Gal e s b u r g National Bank and Trust C o mpanyGalesburg, IllinoisM a d i s o n Pa r k Ba n kPeoria, Illinois*Digitized for FRASERhttp://fraser.stloui

New York United States Trust Company of New York, New York, New York — to establish a branch at 20 Exchange Place. Approved, October 19, 1989. BANK HOLDING COMPANIES Chicago Alexis Bancorp, Inc., Alexis, Illinois — to acquire Bank of Alexis. j Approved, October 16, 1989. Kansas City Chickasha Bancshares, Inc., Chickasha, Oklahoma — to