[Federal Register Volume 59, Number 10 (Friday, January 14, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1000]
[[Page Unknown]]
[Federal Register: January 14, 1994]
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FEDERAL RESERVE SYSTEM
Bankers Trust New York Corporation, 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
party 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
February 7, 1994.
A. Federal Reserve Bank of New York (William L. Rutledge, Vice
President) 33 Liberty Street, New York, New York 10045:
1. Bankers Trust New York Corporation, New York, New York; to
acquire The New York Equity Fund 1993 Limited Partnership, New York,
New York, and thereby engage in the making of equity and debt
investments in corporations or projects designed primarily to promote
community welfare, such as economic rehabilitation and development of
low-income areas by providing housing, and services or jobs for
residents pursuant to Sec. 225.25(b)(6) of the Board's Regulation Y,
and simultaneously, applies to make an investment in New York Equity
Fund 1993 Limited Partnership. Comments on this application must be
received by January 28, 1994.
B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. AmSouth Bancorporation, Birmingham, Alabama; to acquire Fortune
Bancorp, Inc., Clearwater, Florida, and thereby acquire its thrift
subsidiary, Fortune Bank, A Savings Bank, Clearwater, Florida, and
thereby engage in operating a savings association pursuant to Sec.
225.25(b)(9) of the Board's Regulation Y.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. First Tennessee National Corporation, Memphis, Tennessee; to
acquire Highland Capital Management Corp., Memphis, Tennessee, and to
merge it into First Tennessee Investment Management, Inc., Memphis,
Tennessee, and thereby engage in providing investment advice pursuant
to Sec. 225.25(b)(4) of the Board's Regulation Y. Comments on this
application must be received by January 28, 1994.
2. National Commerce Bancorporation, Memphis, Tennessee; to acquire
Brooks, Montague & Associates, Inc., Chattanooga, Tennessee, and
thereby engage in providing portfolio investment advice pursuant to
Sec. 225.25(b)(4)(iii) of the Board's Regulation Y. Comments on this
application must be received by January 28, 1994.
Board of Governors of the Federal Reserve System, January 10,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-1000 Filed 1-13-94; 8:45 am]
BILLING CODE 6210-01-F
