95-26407. Berkshire Financial Services, Inc.; Notice to Engage in Certain Nonbanking Activities

[Federal Register Volume 60, Number 206 (Wednesday, October 25, 1995)]
[Notices]
[Pages 54691-54692]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-26407]



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FEDERAL RESERVE SYSTEM


Berkshire Financial Services, Inc.; Notice to Engage in Certain 
Nonbanking Activities

    Berkshire Financial Services, Inc., Lee, Massachusetts, has 
provided notice pursuant to section 4(c)(8) of the Bank Holding Company 
Act (12 U.S.C. 1843(c)(8)) (BHC Act) and Sec.  225.23(a)(3) of the 
Board's Regulation Y (12 CFR 225.23(a)(3)), through its subsidiary, 
Berkshire Financial Centers, Inc., Lee, Massachusetts (Company), to 
provide securities brokerage and mortgage origination services pursuant 
to 12 CFR 225.25(b)(1) and 12 CFR 225.25(b)(15). Company would also 
market employee benefits plans offered by third parties. 

[[Page 54692]]
The Board previously has permitted bank holding companies to offer 
employee benefits services directly. See Centerre Bancorporation, 73 
Federal Reserve Bulletin 365 (1987).
    This application may be inspected at the offices of the Board of 
Governors or the Federal Reserve Bank of Boston.
    Comments regarding this application must be received not later than 
November 8, 1995.

    Board of Governors of the Federal Reserve System, October 19, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-26407 Filed 10-24-95; 8:45 am]
BILLING CODE 6210-01-F