[Federal Register Volume 64, Number 126 (Thursday, July 1, 1999)]
[Notices]
[Pages 35660-35661]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-16702]


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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

[[Page 35661]]

acquire or control voting securities or assets of a company, including 
the companies listed below, that engages either directly or through a 
subsidiary or other company, in a nonbanking activity that is listed in 
Sec.  225.28 of Regulation Y (12 CFR 225.28) 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. The notice also will 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.
    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 15, 1999.
    A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. FLAG Financial Corporation, Lagrange, Georgia; to acquire 
Thomaston Federal Savings Bank, Thomaston, Georgia, and thereby engage 
in operating a savings association, pursuant to Sec.  225.28(b)(4)(ii) 
of Regulation Y. Comments regarding this application must be received 
at the Reserve Bank indicated or the offices of the Board of Governors 
not later than July 26, 1999.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Commonwealth Bancshares, Inc., Shelbyville, Kentucky; to acquire 
F.A.S.T. Software, L.L.C., Louisville, Kentucky, and thereby engage in 
providing data processing and data transmission products and services, 
pursuant to Sec.  225.28(b)(14) of Regulation Y.

    Board of Governors of the Federal Reserve System, June 25, 1999.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 99-16702 Filed 6-30-99; 8:45 am]
BILLING CODE 6210-01-F