[Federal Register Volume 60, Number 25 (Tuesday, February 7, 1995)]
[Notices]
[Pages 7202-7203]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-2944]
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FEDERAL RESERVE SYSTEM
The Toronto-Dominion Bank; Acquisition of Company Engaged in
Permissible Nonbanking Activities
The organization listed in this notice has 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.
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
February 21, 1995.
A. Federal Reserve Bank of New York (William L. Rutledge, Senior
Vice President) 33 Liberty Street, New York, New York 10045:
1. The Toronto-Dominion Bank,, Toronto, Canada; to acquire
Lancaster [[Page 7203]] Financial Corporation, New York, New York, and
thereby engage in permissible financial advisory activities, pursuant
to Sec. 225.25(b)(4)(vi) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, February 1,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-2944 Filed 2-6-95; 8:45 am]
BILLING CODE 6210-01-F
