[Federal Register Volume 59, Number 41 (Wednesday, March 2, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-4778]
[[Page Unknown]]
[Federal Register: March 2, 1994]
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FEDERAL RESERVE SYSTEM
Sumitomo Trust & Banking Co., Ltd., et al.; Acquisitions of
Companies Engaged in Permissible Nonbanking Activities
The organizations listed in this notice have 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.
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 each of these
applications must be received at the Reserve Bank indicated for the
application or the offices of the Board of Governors not later than
March 25, 1994.
A. Federal Reserve Bank of New York (William L. Rutledge, Vice
President) 33 Liberty Street, New York, New York 10045:
1. Sumitomo Trust & Banking Co., Ltd., Osaka, Japan; to acquire
Boullioun Aviation Services, Inc., Bellevue, Washington, and thereby
engage in leasing personal property and acting as agent, broker or
advisor in leasing such property pursuant to Sec. 225.25(b)(5)(i);
leasing tangible personal property and acting as agent, broker or
advisor in leasing such property, in which the lessor relies on an
estimated residential value of the property in excess of 25 percent
pursuant to Sec. 225.25(b)(5)(ii); making, acquiring or servicing
commercial loans and other extensions of credit for its account or that
of others and acting as agent, broker or advisor with respect to such
credit financing transactions, pursuant to Sec. 225.25(b)(1); acting
as an investment or financial advisor to the extent of (i) providing
portfolio investment advice regarding investments in aircraft leases
and other financing of aircraft and related equipment; (ii) furnishing
general economic statistical forecasting services and industry studies
regarding the aircraft and air transportation industry; and (iii)
providing advice, including rendering fairness opinions and providing
valuation services, in connection with financing transactions or
aircraft and related equipment (including private and public financing
and loan syndications) and conducting financial feasibility studies
pursuant to Sec. 225.25(b)(4) of the Board's Regulation Y.
B. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
1. United Bancorp of Kentucky, Inc., Lexington, Kentucky; to
acquire Computer Bank Services, Inc., Lexington, Kentucky, and thereby
engage in providing to commercial banks and others data processing and
data transmission services, facilities (including data processing and
data transmission hardware and software) for the processing of
financial, banking, and economic data pursuant to Sec. 225.25(b)(7) of
the Board's Regulation Y.
Board of Governors of the Federal Reserve System, February 24,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-4778 Filed 3-1-94; 8:45 am]
BILLING CODE 6210-01-F
