[Federal Register Volume 60, Number 229 (Wednesday, November 29, 1995)]
[Notices]
[Pages 61258-61259]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-29081]
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FEDERAL RESERVE SYSTEM
Otto Bremer Foundation, 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
[[Page 61259]]
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 12, 1995.
A. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. Otto Bremer Foundation and Bremer Financial Corporation, both of
St. Paul, Minnesota; to acquire United Insurance Agency, Inc., Minot,
North Dakota, and thereby engage in general insurance activities,
pursuant to Sec. 225.25(b)(8)(vii) of the Board's Regulation Y. These
activities will be conducted through First American Insurance Agencies,
Inc., St. Paul, Minnesota.
Board of Governors of the Federal Reserve System, November 22,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-29081 Filed 11-28-95; 8:45 am]
BILLING CODE 6210-01-F
