Two large nonbanks have filed applications to become thrift holding companies, and the Office of Thrift Supervision approved on Friday a request by Guardian Life Insurance Co. of America to operate a trust company through a federal charter.

Federated Department Stores Inc., the Cincinnati retailing powerhouse, sought permission March 19 to convert its credit card subsidiary to a savings bank. Federated, which owns Bloomingdale's and Macy's, is the nation's largest department store operator, with annual sales of $17.3 billion.

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