[Federal Register Volume 60, Number 212 (Thursday, November 2, 1995)]
[Notices]
[Page 55717]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-27208]
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FEDERAL RESERVE SYSTEM
Montgomery Bancorporation, Inc., et al.; Notice of Applications
to Engage de novo in Permissible Nonbanking Activities
The companies listed in this notice have filed an application under
Sec. 225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1))
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 commence or to engage de novo, either directly or
through a subsidiary, 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 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 the applications must be
received at the Reserve Bank indicated or the offices of the Board of
Governors not later than November 16, 1995.
A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
1. Montgomery Bancorporation, Inc., Mount Sterling, Kentucky; to
engage de novo through its subsidiary, Traditional Bank, FSB,
Lexington, Kentucky, in permissible savings association activities,
pursuant to Sec. 225.25(b)(9) of the Board's Regulation Y.
B. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
1. Crestar Financial Corporation, Richmond, Virginia; to engage de
novo through its subsidiary, Crestar Securities Corporation, Richmond,
Virginia, in making, acquiring, or servicing loans or other extensions
of credit, pursuant to Sec. 225.25(b)(1) of the Board's Regulation Y;
providing portfolio investment advice, pursuant to Sec.
225.25(b)(4)(iii) of the Board's Regulation Y; and leasing personal or
real property or acting as agent, broker, or advisor in leasing such
property, pursuant to Sec. 225.25(b)(5) of the Board's Regulation Y.
C. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Whitney Holding Corporation, New Orleans, Louisiana; to engage
de novo through its subsidiary, WCDC, Inc., New Orleans, Louisiana, in
making equity investments, loans, and project packaging assistance for
a variety of housing and community development projects and to promote
economic growth and revitalization of distressed communities within its
trade area, pursuant Sec. 225.25(b)(6) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, October 27,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-27208 Filed 11-1-95; 8:45 am]
BILLING CODE 6210-01-F
