[Federal Register Volume 59, Number 225 (Wednesday, November 23, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-28898]
[[Page Unknown]]
[Federal Register: November 23, 1994]
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FEDERAL RESERVE SYSTEM
Firstar Corporation, 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 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
December 8, 1994.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Firstar Corporation, Milwaukee, Wisconsin; through its
subsidiary Firstar Corporation of Illinois, Milwaukee, Wisconsin, to
acquire First Colonial Investment Services, Inc. Rosemont, Illinois,
and thereby engage in providing discount securities brokerage services,
pursuant to Sec. 225.25(b)(15) of the Board's Regulation Y.
B. Federal Reserve Bank of San Francisco (Kenneth R. Binning,
Director, Bank Holding Company) 101 Market Street, San Francisco,
California 94105:
1. BankAmerica Corporation, San Francisco, California; to acquire
through its subsidiary Bank of America, FSB, Portland, Oregon; Arbor
National Holdings, Inc., Uniondale, New York, and thereby engage in
originating, purchasing, and servicing residential first mortgage
loans, pursuant to Sec. 225.25(b)(1) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, November 16,
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-28898 Filed 11-22-94; 8:45 am]
BILLING CODE 6210-01-F
