[Federal Register Volume 60, Number 35 (Wednesday, February 22, 1995)]
[Notices]
[Pages 9840-9841]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-4224]
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FEDERAL RESERVE SYSTEM
First Community Bancshares, Inc.; Notice of Application to Engage
de novo in Permissible Nonbanking Activities
The company listed in this notice has filed an application under
Sec. 225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1))
for the Board's approval under section 4(c)(8) of the Bank
[[Page 9841]] Holding Company Act (12 U.S.C. 1843(c)(8)) and Sec.
225.21(a) of Regulation Y (12 CFR 225.21(a)) to commence or to engage
de novo, either directly or through a subsidiary, 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.
The 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.
Comments regarding the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
March 7, 1995.
A. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. First Community Bancshares, Inc., Houston, Texas; to engage de
novo in providing economic information and advice, statistical
forecasting services, and industry studies, conducting financial
feasibility studies, providing advice regarding swaps, caps, and
similar transactions related to interest rates or prices and economic
indices, pursuant to Sec. 225.25(b)(4) of the Board's Regulation Y.
The geographic scope will be limited to employees, shareholders,
directors, and their family members, affiliated companies and trusts.
Board of Governors of the Federal Reserve System, February 15,
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-4224 Filed 2-21-95; 8:45 am]
BILLING CODE 6210-01-F
