95-26123. Independence Community Bank Corp., et al.; Acquisitions of Companies Engaged in Permissible Nonbanking Activities  

  • [Federal Register Volume 60, Number 204 (Monday, October 23, 1995)]
    [Notices]
    [Pages 54375-54376]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 95-26123]
    
    
    
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    FEDERAL RESERVE SYSTEM
    
    Independence Community Bank Corp., 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 
    
    [[Page 54376]]
    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 
    November 2, 1995.
        A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
    Vice President) 33 Liberty Street, New York, New York 10045:
        1. Independence Community Bank Corp., Brooklyn, New York; to 
    acquire Bay Ridge Bancorp, Inc., Brooklyn, New York, and thereby 
    indirectly acquire Bay Ridge Federal Savings Bank, a federally 
    chartered savings bank, pursuant to Sec.  225.25(b)(9) of the Board's 
    Regulation Y.
        B. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
    President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
        1. Community First Bankshares, Inc., Fargo, North Dakota; to 
    acquire Boelke Insurance Agency, Hankinson, North Dakota, and thereby 
    engage in general insurance activities pursuant to Sec.  
    225.25(b)(8)(iii) of the Board's Regulation Y.
    
        Board of Governors of the Federal Reserve System, October 13, 
    1995.
    Jennifer J. Johnson,
    Deputy Secretary of the Board.
    [FR Doc. 95-26123 Filed 10-20-95; 8:45 am]
    BILLING CODE 6210-01-F
    
    

Document Information

Published:
10/23/1995
Department:
Federal Reserve System
Entry Type:
Notice
Document Number:
95-26123
Pages:
54375-54376 (2 pages)
PDF File:
95-26123.pdf