[Federal Register Volume 59, Number 129 (Thursday, July 7, 1994)] [Unknown Section] [Page 0] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 94-16428] [[Page Unknown]] [Federal Register: July 7, 1994] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Mellon Bank Corporation; Acquisition of Company Engaged in Permissible Nonbanking Activities The organization listed in this notice has applied under Sec. 225.23(a)(2) or (f) of the Board's Regulation Y (12 CFR 225.23(a)(2) 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 acquire or control voting securities or assets of a company engaged 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 July 29, 1994. A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice President) 1455 East Sixth Street, Cleveland, Ohio 44101: 1. Mellon Bank Corporation, Pittsburgh, Pennsylvania, to acquire Stone Trust Company, Tipton, Pennsylvania, and thereby engage in permissible trust company activities pursuant to Sec. 225.25(b)(3) of the Board's Regulation Y. Board of Governors of the Federal Reserve System, June 30, 1994. Jennifer J. Johnson, Associate Secretary of the Board. [FR Doc. 94-16428 Filed 7-6-94; 8:45 am] BILLING CODE 6210-01-F