[Federal Register Volume 61, Number 44 (Tuesday, March 5, 1996)]
[Notices]
[Page 8626]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5005]
[[Page 8626]]
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FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in Permissible Nonbanking
Activities or the Acquisition of Companies that are Engaged in
Permissible Nonbanking Activities
The companies listed in this notice have given notice under section
4 of the Bank Holding Company Act (12 U.S.C. Sec. 1843) (BHC Act) and
Regulation Y, (12 CFR Part 225) to commence or to engage de novo,
or to acquire or control voting securities or assets of a company that
engages either directly or through a subsidiary or other company, in a
nonbanking activity that is listed in Sec. 225.25 of Regulation Y (12
CFR 225.25) or that the Board has determined by Order to be closely
related to banking and permissible for bank holding companies. Unless
otherwise noted, these activities will be conducted throughout the
United States.
Each notice is available for immediate inspection at the Federal
Reserve Bank indicated. Once the notice 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 the proposal complies with the
standards of section 4 of the BHC Act, including 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'' (12 U.S.C. Sec. 1843).
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 19, 1996.
A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
1. NationsBank Corporation, Charlotte, North Carolina; to acquire
LDI Corporation, Cleveland, Ohio, and thereby engage in leasing
technology and data processing equipment, telecommunications products,
and other capital equipment and to engage in commercial finance
activities, pursuant to Secs. 225.25(b)(5) and (b)(1)(iv) of the
Board's Regulation Y.
B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Community Trust Financial Services Corporation, Hiram, Georgia;
to acquire Community Loan Company, Hiram, Georgia, through its
subsidiary, Personal Finance Service, Inc., Rossville, Georgia, and
Rock City Enterprises, Inc., Rockmart, Georgia, and thereby engage in
consumer finance business, credit insurance, and tax planning and
preparation services, pursuant to Secs. 225.25(b)(1)(i),
225.25(b)(8)(ii) and 225.25(b)(21) of the Board's Regulation Y. The
activities will be conducted throughout the State of Georgia.
C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Midstates Bancshares, Inc., Harlan, Iowa; to engage de novo
through its subsidiary, Midstates Financial Services, Inc., Harlan,
Iowa, in acting as principal, agent, or broker for credit related
insurance, pursuant to Sec. 225.25(b)(8)(i) of the Board's Regulation
Y; and in any insurance agency activity in a place where the bank
holding company or a subsidiary of the bank holding company has a
lending office and that has a population not exceeding 5,000, pursuant
to Sec. 225.25(b)(8)(iii) of the Board's Regulation Y.
In addition, Applicant also proposes to engage de novo through its
subsidiary, Midstates Trust and Farm Management, Inc., Harlan, Iowa, in
trust functions and activities, including activities of a fiduciary,
agency or custodial nature, pursuant to Sec. 225.255(b)(3) of the
Board's Regulation Y; and in real estate and personal property
appraising, pursuant to Sec. 225.25(b)(13) of the Board's Regulation
Y.
D. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. Texhoma Bancshares, Inc., Texhoma, Oklahoma; to acquire 100
percent of the nonvoting, nonconvertable preferred shares of Texhoma
Homes, Inc., Texhoma, Oklahoma, and thereby engage in the development
of low-to-moderate residential housing, pursuant to Sec. 225.25(b)(6)
of the Board's Regulation Y.
Comments regarding this application must be received by March 11,
1996.
Board of Governors of the Federal Reserve System, February 28,
1996.
William W. Wiles,
Secretary of the Board.
[FR Doc. 96-5005 Filed 3-4-96; 8:45 am]
BILLING CODE 6210-01-F
