[Federal Register Volume 60, Number 52 (Friday, March 17, 1995)]
[Notices]
[Pages 14434-14435]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-6621]
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FEDERAL RESERVE SYSTEM
Pointe Financial Corporation, et al.; Notice of Applications to
Engage de novo in Permissible Nonbanking Activities
The companies listed in this notice have 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 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.
Each 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.
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 March 31, 1995.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Pointe Financial Corporation, Boca Raton, Florida; to engage de
novo through its subsidiary Pointe Financial [[Page 14435]] Services,
Inc., Boca Raton, Florida, in making and servicing loans, and
performing mortgage processing functions for third parties, pursuant to
Sec. 225.25(b)(1) of the Board's Regulation Y. The geographic scope
for these activities is Florida.
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Union Bancorporation, Defiance, Iowa; to engage de novo in
making and servicing loans, pursuant to Sec. 225.25(b)(1) of the
Board's Regulation Y.
C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. Mercantile Bancorporation, Inc., St. Louis, Missouri; to engage
de novo through its subsidiary St. Louis Business Development Fund, St.
Louis, Missouri, in community development activities, pursuant to Sec.
225.25(b)(6) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, March 13,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-6621 Filed 3-16-95; 8:45 am]
BILLING CODE 6210-01-F
