[Federal Register Volume 60, Number 249 (Thursday, December 28, 1995)]
[Notices]
[Page 67136]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-31427]
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FEDERAL RESERVE SYSTEM
Harris Financial, MHC, 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 11, 1996.
A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
1. Harris Financial, MHC, Harrisburg, Pennsylvania; to acquire
First Harrisburg Bancor, Inc., Harrisburg, Pennsylvania, and its wholly
owned subsidiaries, First Federal Savings and Loan Association of
Harrisburg, Harrisburg, Pennsylvania, and thereby engage in the
ownership and operation of a savings association, pursuant to Sec.
225.25(b)(9) of the Board's Regulation Y; AVSTAR Mortgage Corporation,
Blue Bell, Pennsylvania, and thereby engage in mortgage banking,
pursuant to Sec. 225.25(b)(1) of the Board's Regulation Y; First
Harrisburg Service Corporation, Harrisburg, Pennsylvania, and its
subsidiaries, First Financial Insurance Agency, Harrisburg,
Pennsylvania, and thereby engage in certain insurance agency
activities, pursuant to Sec. 225.25(b)(8)(iv). These activities will
be conducted in Pennsylvania, New Jersey and Delaware.
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. S.B.C.P. Bancorp, Inc., Cross Plains, Wisconsin; to acquire T&S
Insurance Agency, Cross Plains, Wisconsin, and thereby engage in
insurance agency activities in a town of less than 5,000 in population,
pursuant to Sec. 225.25(b)(8)(iii) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, December 21,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-31427 Filed 12-27-95; 8:45 am]
BILLING CODE 6210-01-F
