[Federal Register Volume 59, Number 247 (Tuesday, December 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-31709]
[[Page Unknown]]
[Federal Register: December 27, 1994]
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FEDERAL RESERVE SYSTEM
Associated Banc-Corp., 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
January 10, 1995.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Associated Banc-Corp., Green Bay, Wisconsin; to acquire
Associated Investment Services, Inc., (formerly known as Citizens
Securities Company) Green Bay, Wisconsin; and thereby indirectly
acquire Associated Brokerage, Inc., Green Bay, Wisconsin, and
Associated Financial Center, Ltd., Menomonee Falls, Wisconsin, and
thereby engage in securities brokerage, including the sale of mutual
funds, unit investment trusts, and equity and fixed income securities,
and related securities credit activities, pursuant to Sec.
225.25(b)(15) of the Board's Regulation Y.
B. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. Security State Agency of Aitkin, Inc., Aitkin, Minnesota; to
acquire indirectly certain assets of Norshor Agency, Inc., Grand
Marais, Minnesota, and thereby engage in general insurance agency
activities in a town that has a population not exceeding 5,000,
pursuant to Sec. 225.25(b)(8)(iii) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, December 20,
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-31709 Filed 12-23-94; 8:45 am]
BILLING CODE 6210-01-F
