[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: 94-6424]
[[Page Unknown]]
[Federal Register: March 18, 1994]
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FEDERAL RESERVE SYSTEM
Prattville Financial Services 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 April 7, 1994.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Prattville Financial Services Corporation, Prattville, Alabama;
to retain and engage de novo through its subsidiary, Key Investment
Securities, Inc., Prattville, Alabama, in insurance agency and
underwriting activities pursuant to Sec. 225.25(b)(8); and providing
securities brokerage services, and related securities credit activities
pursuant to Sec. 225.25(b)(15) of the Board's Regulation Y. These
activities will be conducted throughout Autauga County, Alabama.
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Horizon Bancorp Employee Stock Ownership Plan, Michigan City,
Indiana, and Horizon Bancorp, Michigan City, Indiana; to engage de novo
through their subsidiary, Horizon Insurance Group, Inc., Michigan City,
Indiana, in acting as principal, agent or broker for insurance that is
directly related to an extension of credit by the bank holding company
or any of its subsidiaries and limited to ensuring the repayment of the
outstanding balance due on the extension of credit in the event of
death, disability, or involuntary unemployment of the debtor, pursuant
to Sec. 225.25(b)(8)(i) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, March 14,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-6424 Filed 3-17-94; 8:45 am]
BILLING CODE 6210-01-F
