[Federal Register Volume 60, Number 229 (Wednesday, November 29, 1995)]
[Pages 61258-61259]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-29081]



Otto Bremer Foundation, et al.; Acquisitions of Companies Engaged 
in Permissible Nonbanking Activities

    The organizations listed in this notice have 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.
    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 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 

[[Page 61259]]
commenting would be aggrieved by approval of the proposal.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated for the 
application or the offices of the Board of Governors not later than 
December 12, 1995.
    A. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Otto Bremer Foundation and Bremer Financial Corporation, both of 
St. Paul, Minnesota; to acquire United Insurance Agency, Inc., Minot, 
North Dakota, and thereby engage in general insurance activities, 
pursuant to Sec. 225.25(b)(8)(vii) of the Board's Regulation Y. These 
activities will be conducted through First American Insurance Agencies, 
Inc., St. Paul, Minnesota.

    Board of Governors of the Federal Reserve System, November 22, 
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-29081 Filed 11-28-95; 8:45 am]