[Federal Register Volume 59, Number 48 (Friday, March 11, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-5694]
[[Page Unknown]]
[Federal Register: March 11, 1994]
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FEDERAL RESERVE SYSTEM
Banc One Corporation; Formation of, Acquisition by, or Merger of
Bank Holding Companies; and Acquisition of Nonbanking Company
The company listed in this notice has applied under Sec. 225.14 of
the Board's Regulation Y (12 CFR 225.14) for the Board's approval under
section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to become a
bank holding company or to acquire voting securities of a bank or bank
holding company. The listed company has also applied under Sec.
225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) 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, or to engage in such an activity. Unless otherwise
noted, these 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
April 4, 1994.
A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
1. Banc One Corporation, Columbus, Ohio, and Aaron Acquisition
Corporation, Louisville, Kentucky; to merge with Liberty National
Bancorp, Inc., Lexington, Kentucky, and thereby indirectly acquire
Liberty National Bank and Trust Company of Kentucky, Louisville,
Kentucky; Liberty National Bank of Ownesboro, Ownesboro, Kentucky;
Liberty National Bank of Madisonville, Madisonville, Kentucky; Liberty
National Bank of Hardin County, Elizabethtown, Kentucky; Hardin County
Bank & Trust, Inc., Radcliff, Kentucky; Farmers Deposit Bank of
Bradenburg, Bradenburg, Kentucky; and Liberty National Bank and Trust
Company of Indiana, Charlestown, Indiana.
In connection with this application, Applicant also proposes to
acquire Liberty Financial Services, Inc., Louisville, Kentucky, and
thereby engage in consumer finance activities and the sale of credit-
related insurance pursuant to Secs. 225.25(b)(1) and (b)(8) of the
Board's Regulation Y, and Liberty Investment Services, Louisville,
Kentucky, and thereby engage in offering full-service brokerage
services to the public and underwriting and offering full-service
brokerage services to the public and underwriting and dealing in bank-
eligible securities and municipal revenue bonds as riskless principal
with respect to government, agency and municipal securities activities
pursuant to Secs. 225.25(b)(15) and (b)(16) and 76 Federal Reserve
Bulletin 461 (1990).
Board of Governors of the Federal Reserve System, March 7, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-5694 Filed 3-10-94; 8:45 am]
BILLING CODE 6210-01-F
