[Federal Register Volume 59, Number 60 (Tuesday, March 29, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-7324]
[[Page Unknown]]
[Federal Register: March 29, 1994]
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FEDERAL EMERGENCY MANAGEMENT AGENCY
FEDERAL RESERVE SYSTEM
BankAmerica Corporation; Acquisition of Company Engaged in
Nonbanking Activities
The organization listed in this notice has applied under Sec.
225.23(a) or (f) of the Board's Regulation Y (12 CFR 225.23(a) or (f))
for the Board's approval under section 4(c)(8) of the Bank Holding
Company Act (12 U.S.C. 1843(c)(8)) and Sec. 225.21(a) of Regulation Y
(12 CFR 225.21(a)) to engage in a nonbanking activity. Unless otherwise
noted, such activities will be conducted throughout the United States.
The application is available for immediate inspection at the
Federal Reserve Bank indicated. Once the application has been accepted
for processing, it will also be available for inspection at the offices
of the Board of Governors. Interested persons may express their views
in writing on the question whether consummation of the proposal can
``reasonably be expected to produce benefits to the public, such as
greater convenience, increased competition, or gains in efficiency,
that outweigh possible adverse effects, such as undue concentration of
resources, decreased or unfair competition, conflicts of interests, or
unsound banking practices.'' Any request for a hearing on this question
must be accompanied by a statement of the reasons a written
presentation would not suffice in lieu of a hearing, identifying
specifically any questions of fact that are in dispute, summarizing the
evidence that would be presented at a hearing, and indicating how the
party commenting would be aggrieved by approval of the proposal.
Comments regarding the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
April 22, 1994.
A. Federal Reserve Bank of San Francisco (Kenneth R. Binning,
Director, Bank Holding Company) 101 Market Street, San Francisco,
California 94105:
1. BankAmerica Corporation, San Francisco, California, to engage
through its wholly-owned subsidiary, BA Futures, Inc., Chicago,
Illinois, in executing and clearing, and clearing without executing,
futures and options on futures on certain non-financial commodities,
only with respect to those contracts listed in the Bank of Monetreal
Order, 79 Federal Reserve Bulletin 1049 (1993).
Board of Governors of the Federal Reserve System, March 23,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-7321 Filed 3-28-94; 8:45 am]
BILLING CODE 6210-01-F
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FEDERAL EMERGENCY MANAGEMENT AGENCY
Kerndt Bank Services, Inc.; Change in Bank Control Notices;
Acquisitions of Shares of Banks or Bank Holding Companies;
Correction
This notice corrects a notice (FR Doc. 94-6500) published on page
13323 of the issue for Monday, March 21, 1994.
Under the Federal Reserve Bank of Chicago heading, the entry for
Kerndt Bank Services is revised to read as follows:
1. Kerndt Bank Services Inc., Lansing, Iowa, to acquire Peters
Insurance Agency, Lansing, Iowa, and thereby engage in general
insurance agency activities in a town with a population of less than
5,000 people, pursuant to Sec. 225.25(b)(8)(iii) of the Board's
Regulation Y.
Comments on this application must be received by April 5, 1994.
Board of Governors of the Federal Reserve System, March 23,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-7322 Filed 3-28-94; 8:45 am]
BILLING CODE 6210-01-F
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FEDERAL EMERGENCY MANAGEMENT AGENCY
USBancorp, Inc., et al.; Formations of; Acquisitions by; and
Mergers of Bank Holding Companies
The companies listed in this notice have applied for the Board's
approval under section 3 of the Bank Holding Company Act (12 U.S.C.
1842) and Sec. 225.14 of the Board's Regulation Y (12 CFR 225.14) to
become a bank holding company or to acquire a bank or bank holding
company. The factors that are considered in acting on the applications
are set forth in section 3(c) of the Act (12 U.S.C. 1842(c)).
Each application is available for immediate inspection at the
Federal Reserve Bank indicated. Once the application has been accepted
for processing, it will also be available for inspection at the offices
of the Board of Governors. Interested persons may express their views
in writing to the Reserve Bank or to the offices of the Board of
Governors. Any comment on an application that requests a hearing must
include a statement of why a written presentation would not suffice in
lieu of a hearing, identifying specifically any questions of fact that
are in dispute and summarizing the evidence that would be presented at
a hearing.
Unless otherwise noted, comments regarding each of these
applications must be received not later than April 22, 1994.
A. Federal Reserve Bank of Philadelphia (Thomas K. Desch, Vice
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
1. USBancorp, Inc., Johnstown, Pennsylvania, to acquire 100 percent
of the voting shares of Johnstown Interim Bank, Johnstown,
Pennsylvania, which will be formed to acquire Johnstown Savings Bank,
Johnstown, Pennsylvania.
B. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
1. First Bancorporation of Ohio, Akron, Ohio, to acquire 100
percent of the voting shares of Peoples National Bank, Wooster, Ohio,
which currently operates as Peoples Federal Savings Bank.
C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Bellevue State Bank ESOP, Bellevue, Iowa, to become a bank
holding company by acquiring Bellevue Service Company, Bellevue, Iowa,
and thereby indirectly acquire Bellevue State Bank, Bellevue, Iowa.
D. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. First Financial Bancshares, Inc., Sallisaw, Oklahoma, to become
a bank holding company by acquiring 100 percent of the voting shares of
First Sallisaw Bancshares, Inc., Sallisaw, Oklahoma, and thereby
indirectly acquire The First National Bank, Sallisaw, Oklahoma.
Applicant also proposes to acquire The First National Bank of Roland,
Roland, Oklahoma, an independent bank.
Board of Governors of the Federal Reserve System, March 23,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-7323 Filed 3-28-94; 8:45 am]
BILLING CODE 6210-01-F
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FEDERAL EMERGENCY MANAGEMENT AGENCY
Valley Financial Corporation; Notice of Application to Engage de
novo in Permissible Nonbanking Activities
The company listed in this notice has filed an application under
Sec. 225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1))
for the Board's approval under section 4(c)(8) of the Bank Holding
Company Act (12 U.S.C. 1843(c)(8)) and Sec. 225.21(a) of Regulation Y
(12 CFR 225.21(a)) to commence or to engage de novo, either directly or
through a subsidiary, in a nonbanking activity that is listed in Sec.
225.25 of Regulation Y as closely related to banking and permissible
for bank holding companies. Unless otherwise noted, such activities
will be conducted throughout the United States.
The application is available for immediate inspection at the
Federal Reserve Bank indicated. Once the application has been accepted
for processing, it will also be available for inspection at the offices
of the Board of Governors. Interested persons may express their views
in writing on the question whether consummation of the proposal can
``reasonably be expected to produce benefits to the public, such as
greater convenience, increased competition, or gains in efficiency,
that outweigh possible adverse effects, such as undue concentration of
resources, decreased or unfair competition, conflicts of interests, or
unsound banking practices.'' Any request for a hearing on this question
must be accompanied by a statement of the reasons a written
presentation would not suffice in lieu of a hearing, identifying
specifically any questions of fact that are in dispute, summarizing the
evidence that would be presented at a hearing, and indicating how the
party commenting would be aggrieved by approval of the proposal.
Comments regarding the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
April 18, 1994.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Valley Financial Corporation, Caro, Michigan, to engage de novo
in general insurance agency activities in Caro, Michigan, a town with a
population of less than 5,000 people, pursuant to Sec.
225.25(b)(8)(iii) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, March 23,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-7324 Filed 3-28-94; 8:45 am]
BILLING CODE 6210-01-F