[Federal Register Volume 62, Number 238 (Thursday, December 11, 1997)]
[Notices]
[Pages 65267-65268]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-32442]
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FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in Permissible Nonbanking
Activities or To Acquire Companies That are Engaged in Permissible
Nonbanking Activities
The companies listed in this notice have given notice under section
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and
Regulation Y, (12 CFR Part 225) to engage de novo, or to acquire or
control voting securities or assets of a company that engages either
directly or through a subsidiary or other company, in a nonbanking
activity that is listed in Sec. 225.28 of Regulation Y (12 CFR 225.28)
or that the Board has determined by Order to be closely related to
banking and permissible for bank holding companies. Unless otherwise
noted, these activities will be conducted throughout the United States.
Each notice is available for inspection at the Federal Reserve Bank
indicated. The notice also will be available for inspection at the
offices of the Board of Governors. Interested persons may express their
views in writing on the question whether the proposal complies with the
standards of section 4 of the BHC Act.
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 January 5, 1998.
A. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. Amcore Financial, Inc., Rockford, Illinois; to acquire Midwest
Federal Financial Corp., Baraboo, Wisconsin, and thereby indirectly
acquire Baraboo Federal Bank, FSB, Baraboo, Wisconsin, and B.T.
Financial Services, Inc., Baraboo, Wisconsin, and thereby engage in
operating a savings association;
[[Page 65268]]
securities brokerage activities; trust company functions, and the sale
of credit life insurance, pursuant to Secs. 225.28(b)(4), (b)(7),
(b)(5), and (b)(11) of the Board's Regulation Y, respectively.
2. National Australia Bank Limited, Melbourne, Australia; to
acquire Homeside, Inc., Jacksonville, Florida, and thereby indirectly
acquire Homeside Lending, Inc., Jacksonville, Florida, and thereby
engage in extending credit and servicing loans and activities related
to extending credit, pursuant Secs. 225.28(b)(1) and 225.28(b)(2) of
the Board's Regulation Y. Comments on this application must be received
by December 26, 1997.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
1. Mercantile Bancorporation Inc., St. Louis, Missouri; to acquire
HomeCorp, Inc., Rockford, Illinois, and thereby indirectly acquire
HomeBanc FSB, Rockford, Illinois, and thereby engage in the operation
of a savings association, pursuant to Sec. 225.28(b)(4)(ii) of the
Board's Regulation Y.
Board of Governors of the Federal Reserve System, December 8,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-32442 Filed 12-10-97; 8:45 am]
BILLING CODE 6210-01-F
