[Federal Register Volume 63, Number 2 (Monday, January 5, 1998)]
[Notices]
[Page 229]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-143]
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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 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. 225.28 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 January 20, 1998.
A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Mason-Dixon Bancshares, Inc., Westminster, Maryland; to acquire
Bay Finance, LLC and Bay Insurance, LLC, both of Westminster, Maryland,
which would acquire certain assets and assume certain liabilities of
the following Maryland companies: Rose Shanis & Co., Inc., Rose Shanis
Sons, Inc., Rose Shanis & Co., and Stephen Corp., all of Baltimore,
Maryland, and thereby engage in consumer finance activites and to act
as an agent in the sale of credit related insurance, pursuant to Secs.
225.28(b)(1), (b)(11)(i), and (b)(11)(ii) of the Board's Regulation Y.
B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528;
Federal Reserve Bank of Cleveland (Jeffery Hirsch, Banking Supervisor)
1455 East Sixth Street, Cleveland, Ohio 44101-2566, and Federal Reserve
Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust
Street, St. Louis, Missouri 63102-2034:
1. Huntington Bancshares Incorporated, Columbus, Ohio, Area
Bancshares Corporation, Owensboro, Kentucky, and Wachovia Corporation,
Winston-Salem, North Carlina; to engage through SecureWare, Inc.,
Atlanta, Georgia, in data processing activities, pursuant to Sec.
225.28(b)(14) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, December 30,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-143 Filed 1-2-98; 8:45 am]
BILLING CODE 6210-01-F
