[Federal Register Volume 61, Number 37 (Friday, February 23, 1996)]
[Notices]
[Pages 7004-7005]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-4052]
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FEDERAL RESERVE SYSTEM
Norwest Corporation; Acquisition of Company Engaged in
Permissible Nonbanking Activities
The organization listed in this notice has given notice under Sec.
225.23(a)(2) or (e) of the Board's Regulation Y (12 CFR 225.23(a)(2) or
(e)) 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.
The notice is available for immediate 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 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 this application must be received not later than
March 7, 1996.
A. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. Norwest Corporation, Minneapolis, Minnesota; to acquire Norwest
Investment Services, Inc., Minneapolis, Minnesota, through its
subsidiary,
[[Page 7005]]
Victoria Securities Company, Victoria, Texas, and thereby engage in
securities brokerage activities, pursuant to Sec. 225.25(b)(15) of the
Board's Regulation Y.
Board of Governors of the Federal Reserve System, February 16,
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-4052 Filed 2-22-96; 8:45 am]
BILLING CODE 6210-01-F
