[Federal Register Volume 64, Number 5 (Friday, January 8, 1999)]
[Notices]
[Pages 1202-1203]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-336]
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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, 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
[[Page 1203]]
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 22, 1999.
A. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
1. South Plains Financial, Inc., Lubbock, Texas, and South Plains
Delaware Financial Corporation, Dover, Delaware; to engage de novo
through their subsidiary, ARC Check Cashing, Inc., Lubbock, Texas, in
check cashing services, see Board Orders 84 Fed. Reg. Bull. 481 (1998)
and 76 Fed. Reg. Bull. 860 (1990); in wire transmission services, see
Board Orders 81 Fed. Reg. Bull. 974 (1995) and 81 Fed. Reg. Bull. 1130
(1995); in bill payment services, see Board Order 84 Fed. Reg. Bull.
481 (1998); in issuing and selling consumer payment instruments,
pursuant to Sec. 225.28(b)(13) of Regulation Y and Board Order 84 Fed.
Reg. Bull. 481 (1998); in credit and credit related activities,
pursuant to Sec. 225.28(b)(1) of Regulation Y; in government services
distribution, see Board Order 84 Fed. Reg. Bull. 481 (1998) and Board
Order 71 Fed. Reg. Bull. 168 (1985) and Sec. 225.28(b)(6) of
Regulation Y; and in incidental activities, see Board Order 84 Fed.
Reg. Bull. 481 (1998).
Board of Governors of the Federal Reserve System, January 4,
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-336 Filed 1-7-99; 8:45 am]
BILLING CODE 6210-01-F
