96-30785. Notice of Proposals To Engage in Permissible Nonbanking Activities or To Acquire Companies That are Engaged in Permissible Nonbanking Activities  

  • [Federal Register Volume 61, Number 234 (Wednesday, December 4, 1996)]
    [Notices]
    [Pages 64357-64358]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 96-30785]
    
    
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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.  225.25 of Regulation Y (12 CFR 225.25) 
    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. Once the notice 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 the proposal complies with the standards of section 4 
    of the BHC Act, including 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
    
    [[Page 64358]]
    
    interests, or unsound banking practices'' (12 U.S.C. 1843). 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 the applications must be 
    received at the Reserve Bank indicated or the offices of the Board of 
    Governors not later than December 17, 1996.
        A. Federal Reserve Bank of Cleveland (R. Chris Moore, Senior Vice 
    President) 1455 East Sixth Street, Cleveland, Ohio 44101:
        1. CoBancorp, Inc., Elyria, Ohio; to acquire Jefferson Savings 
    Bank, West Jefferson, Ohio, and thereby engage in permissible savings 
    association activities, pursuant to Sec.  225.25(b)(9) of the Board's 
    Regulation Y.
    
        Board of Governors of the Federal Reserve System, November 27, 
    1996.
    Jennifer J. Johnson,
    Deputy Secretary of the Board.
    [FR Doc. 96-30785 Filed 12-3-96; 8:45 am]
    BILLING CODE 6210-01-F
    
    
    

Document Information

Published:
12/04/1996
Department:
Federal Reserve System
Entry Type:
Notice
Document Number:
96-30785
Pages:
64357-64358 (2 pages)
PDF File:
96-30785.pdf