ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

Transcription

1 ANNOUNCEMENT BY BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.2 Applications and Reports or Acted on No. 20 During the Week Ended May 18, District Date Current Report Filed Pursuant to Section 13 of the Securities Exchange Act 4 The Cleveland Trust Company, Cleveland, Ohio (April 1971) 2 Hempstead Bank, Hempstead, New York (April 1971) 12 United California Bank, Los Angeles, California (April 1971) * * * A * To Withdraw from Membership in the Federal Reserve System Without a Six Month Notice as Prescribed by Section 9 of the Federal Reserve Act *The Peoples Banking Company, McComb, Ohio. To Establish a Domestic Branch Pursuant to Section 9 of the Federal Reserve Act 2 The Trust Company of New Jersey, Jersey City, New Jersey. Branch on Franklin Avenue, Nutley. 2 Niagara Frontier Bank of New York, New York, New York. Branch at 4564 Main Street, Village of Snyder, Town of Amherst, County of Erie. 7 Warren Bank, Warren, Michigan. Branch at 12 Mile and Hoover Roads, Warren. * Application approved by Reserve Bank on behalf of the Board of Governors under delegated authority.

2 H.2 No* *Chemical Bank, New York, New York. Branches at the following locations: A, Northeast corner of Northern Boulevard and 196th Street, Flushing, Queens County; and B. South Side of Fulton Street, Between New York and Brooklyn Avenues, Brooklyn. 2 *Irving Trust Company 5 New York, New York. Branches at the following locations: A. Limited branch at 400 Park Avenue, Borough of Manhattan; and B. At 400 East 54th Street, Borough of Manhattan. 2 ^Lincoln Rochester Trust Company, Rochester, New York. Branch on the southeast corner of intersection of Mitchell Road and Ridge Road west as an adjunct to the Long Ridge Plaza, Town of Greece, Monroe County. 2 ^Security Trust Company of Rochester, Rochester, New York. Branches at the following locations: A. West side of Route 96, southeast corner of Building C, Eastview Mall, intersection of Route 96 and Turk Hill Road, Town of Victor, Ontario County; and B. Public accommodation office on the west side of Route 96, approximately opposite the intersection of Route 96, and Turk Hill Road, Eastview Mall, Town of Victor, Ontario County. To Establish an Overseas Branch of a Member Bank Pursuant to Section 25 of the Federal Reserve Act 2 First National City Bank, New York, New York. Branch in Trucial State of Dubai, located in Bander Taleb area of Diera. * Application approved by Reserve Bank on behalf of the Board of Governors under delegated authority.

3 H.2 No. 20 (cont 1 d) Marine Midland Bank-New York, New York, Branch in Paris, France. Thirty Day Notice of Intention to Establish an Additional Branch in a Foreign Country 12 Bank of America National Trust and Savings Association, San Francisco, California. Branch in Panama at Boyd-Roosevelt in the Betania Heights, District of Panama City. 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 12 Wells Fargo Bank, National Association, San Francisco, California. To organize a corporation under Section 25(a) to be known as Wells Fargo Interamerican Bank. To Merge Pursuant to Section 18(c) of the Federal Deposit Insurance Act 2 Commercial Trust Company of New Jersey, Jersey City, New Jersey, for prior approval to merge Bergen County National Bank of Hackensack, Hackensack, New Jersey, under the charter of the former.

4 To Form a Bank Holding Company Pursuant to Section 3(a)(1) of the Bank Holding Company Act of 1956 American Bancshares, Inc., North Miami, Florida* for prior approval to acquire 80 per cent or more of the voting shares of The Second National Bank of North Miami, North Miami; Second National Bank of North Miami Beach, North Miami Beach? and The National Bank of St. Petersburg, St. Petersburg, all in Florida. To Expand a Bank Holding Company Pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956 T G Bancshares Co., St. Louis, Missouri, for prior approval to acquire an additional 46,861 shares (53.6%) or more of the voting shares of Bank of House Springs, House Springs, Missouri. First Union, Incorporated, St. Louis, Missouri, for prior approval to acquire 80 per cent or more of the voting shares of The First National Bank of Cape Girardeau, Cape Girardeau, Missouri. Commerce Bancshares, Inc., Kansas City, Missouri, for prior approval to acquire 80 per cent or more the voting shares of The Willard Bank, Millard, Missouri. Southwest Bancshares, Inc., Houston, Texas, for prior approval to acquire more than 51 per cent of the voting shares of The First National Bank of Longview, Longview, Texas. Southwest Bancshares, Inc., Houston, Texas, for prior approval to acquire more than 51 per cent of the voting shares of The Village National Bank, Houston, Texas, a proposed new bank.

5 Withdrawn On H.2 No. 13, for the week ended March 27, 1971, the Board reported receipt of an application from The Midland National Corporation, Midland, Texas 9 for prior approval to acquire 75-1/2 per cent except directors' qualifying shares of the voting shares of Southwest National Bank of El Paso, El Paso, Texas (Applicant already owns 24-1/2 per cent of the voting shares of Southwest National Bank of El Paso). In a letter dated May 5, 1971, Applicant requested that the application be withdrawn. Suspense On H.2 No.9, for the week ended February 27, 1971, the Board reported receipt of an application from Mid Iantic Banks, Inc., Newark, New Jersey, for prior approval to acquire 100 per cent (less directors 1 qualifying shares) of the voting shares of the successor by merger to Citizens National Bank, Englewood, New Jersey«This application is now in suspense awaiting receipt of Applicant's reply to a Department of Justice letter to the Board dated May 11, * A * A * To Expand a Bank Holding Company Pursuant to Section 4(c)(12) of the Bank Holding Company Act of 1956 Family Finance Corporation, Wilmington, Delaware, notification of intent to acquire shares of Everett Loan Company, Inc., Everett, Massachusetts; Morrison Finance Corporation, Southbridge, Massachusetts; Parker Acceptance Corporation, Marlborough, Massachusetts; and Grant Furniture Company, Inc., West Palm Beach, Florida, Beneficial Corporation, Wilmington, Delaware, notification of intent to acquire shares of Central National Life Insurance Company of Omaha, Omaha, Nebraska. The Charter Company, Jacksonville, Florida, notifi cation of intent to acquire shares of Billups Western Petroleum Co., Hammond, Louisiana,

6 H.2 No, (cont'd) 7 General American Transporation Corporation, Chicago, Illinois, notification of intent to acquire shares of Constantin (Engineers) Limited, London, England; E. Constantin, S.A., Paris, France; and Claudius Peters, A. G., Hamburg, Germany, 7 Marcor Incorporated, Chicago, Illinois, notification of intent to acquire shares of Northwest Asphalt Company, Seattle, Washington; Rainier Asphalt Company, Seattle, Washington; and Midway Asphalt Company, Seattle, Washington. 9 Minnesota Mining and Manufacturing Company, St. Paul, Minnesota, notification of intent to acquire shares of Call's Police Signal Corporation of Chelsea, Chelsea, Massachusetts.