[Federal Register Volume 59, Number 53 (Friday, March 18, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6423]
[[Page Unknown]]
[Federal Register: March 18, 1994]
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FEDERAL RESERVE SYSTEM
Northern Trust Corporation; Acquisition of Company Engaged in
Nonbanking Activities
The company listed in this notice has applied under Sec. 225.23(a)
of the Board's Regulation Y (12 CFR 225.23(a)) 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
engage in a nonbanking activity. 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 and 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 6, 1994.
A. Federal Reserve Bank of Chicago (Franklin D. Dreyer, Sr., Vice
President) 230 S. LaSalle Street, Chicago, Illinois 60690:
1. Northern Trust Corporation, Chicago, Illinois; to acquire
Hazlehurst & Associates, Inc., Atlanta, Georgia, and thereby engage in
employee benefits consulting services. The Board has previously
determined that this activity is closely related to banking and
Applicant will conduct the activity pursuant to the limitations set
forth in previous Board Orders. Centerre Bancorporation, 74 Federal
Reserve Bulletin 136 (1988), Norstar Bancorp. Inc., 72 Federal Reserve
Bulletin 729 (1986), Norstar Bancorp. Inc., 71 Federal Reserve Bulletin
656 (1985).
Board of Governors of the Federal Reserve System, March 14,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-6423 Filed 3-17-94; 8:45 am]
BILLING CODE 6210-10-F
