[Federal Register Volume 59, Number 19 (Friday, January 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1937]
[Federal Register: January 28, 1994]
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FEDERAL RESERVE SYSTEM
First Bancorporation of Ohio, 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 22, 1994.
A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
1. First Bancorporation of Ohio, Akron, Ohio; to acquire Great
Northern Financial Corporation, Barberton, Ohio, and thereby indirectly
acquire Great Northern Savings Co., Barberton, Ohio, and thereby engage
in operating a savings association pursuant to Sec. 225.25(b)(9) of
the Board's Regulation Y.
B. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Security Shares, Inc., Abilene, Texas; to acquire First
Independent Computers, Inc., Abilene, Texas, and thereby engage in
transmission services, facilities, and data bases or access to them
pursuant to Sec. 225.25(b)(7) of the Board's Regulation Y. These
activities will be conducted in the State of Texas.
Board of Governors of the Federal Reserve System, January 24,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-1937 Filed 1-27-94; 8:45 am]
BILLING CODE 6210-01-F
