[Federal Register Volume 60, Number 193 (Thursday, October 5, 1995)]
[Notices]
[Pages 52184-52185]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-24739]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Banc One Corporation, et al.; Formations of, Acquisitions by, and
Mergers of Bank Holding Companies; and Acquisitions of Nonbanking
Companies
The companies listed in this notice have applied under Sec. 225.14
of the Board's Regulation Y (12 CFR 225.14) for the Board's approval
under section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to
become a bank holding company or to acquire voting securities of a bank
or bank holding company. The listed companies have also applied under
Sec. 225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) 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, or to engage in such an activity. Unless otherwise
noted, these activities will be conducted throughout the United States.
The applications are 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 or the
offices of the Board of Governors not later than October 30, 1995.
A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice
President) 1455
[[Page 52185]]
East Sixth Street, Cleveland, Ohio 44101:
1. Banc One Corporation, Columbus, Ohio, and Premier Acquisition
Corporation, Columbus, Ohio (to be renamed Banc One Louisiana
Corporation); to merge with Premier Bancorp, Inc., Baton Rouge,
Louisiana, and thereby indirectly acquire Premier Bank, N.A., Baton
Rouge, Louisiana.
In connection with this application, Applicants also have applied
to acquire Premmier Securities Corporation, Baton Rouge, Louisiana, and
thereby engage in offering full-service brokerage activities and
riskless principal activities in the purchase and sales of securities
for its customers. Banc One received approval from the Board of
Governors to engage in activities as agent in the private placement of
all types of securities and acting as ``riskless principal,'' pursuant
to Board order. See Banc One Corporation, 76 Federal Reserve Bulletin
756 (1990)); Terre Agency, Inc., Baton Rouge, Louisiana, a wholly-owned
subsidiary of Premier Bancorp, Inc., Baton Rouge, Louisiana, and
thereby engage in permissible insurance agency activities, pursuant to
Sec. 225.25(b)(8)(iv) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, September 29,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-24739 Filed 10-4-95; 8:45 am]
BILLING CODE 6210-01-F
