[Federal Register Volume 61, Number 122 (Monday, June 24, 1996)] [Notices] [Page 32442] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 96-15977] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or control voting securities or assets of a company that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in Sec. 225.25 of Regulation Y (12 CFR 225.25) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States. Each notice is available for inspection at the Federal Reserve Bank indicated. Once the notice 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 the proposal complies with the standards of section 4 of the BHC Act, including 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'' (12 U.S.C. 1843). 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. Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than July 8, 1996. A. Federal Reserve Bank of New York (Christopher J. McCurdy, Senior Vice President) 33 Liberty Street, New York, New York 10045: 1. Societe Generale, Paris, France; to engage de novo in community activities, by making investments designed to promote community welfare through its New York branch, pursuant to Sec. 225.25(B)(6) of the Board's Regulation Y. B. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior Vice President) 701 East Byrd Street, Richmond, Virginia 23261: 1. Centura Banks, Inc., Rocky Mount, North Carolina; to acquire 49 percent of First Greensboro Home Equity, Inc., Greensboro, North Carolina, and thereby engage in originating mortgage loans in nonconforming markets, servicing and selling mortgages, and engaging in related activities, pursuant to Sec. 225.25(b)(1)(iii) of the Board's Regulation Y. C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice President) 230 South LaSalle Street, Chicago, Illinois 60690: 1. UnionBancorp, Inc., Streator, Illinois; to acquire LaSalle County Collections, Inc., Ottawa, Illinois, and thereby engage in operating a collection agency, pursuant to Sec. 225.25(b)(23) of the Board's Regulation Y. D. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 2200 North Pearl Street, Dallas, Texas 75201-2272: 1. Sterling Bancshares, Inc., Houston, Texas, and Sterling Bancorporation, Inc., Wilmington, Delaware, to acquire CMCR Holding Company, Wilmington, Delaware, and thereby indirectly acquire Charter Mortgage Company, Houston, Texas, and thereby engage in originating single family residential mortgage loans, pursuant to Sec. 225.25(b)(1) of the Board's Regulation Y. The geographic scope for these activities is Texas and Arizona. Board of Governors of the Federal Reserve System, June 18, 1996. Jennifer J. Johnson, Deputy Secretary of the Board. [FR Doc. 96-15977 Filed 6-21-96; 8:45 am] BILLING CODE 6210-01-F