[Federal Register Volume 61, Number 46 (Thursday, March 7, 1996)]
[Notices]
[Pages 9166-9167]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5340]
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Bank Holding
Companies
The companies listed in this notice have applied to the Board for
approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C.
Sec. 1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all
other applicable statutes and regulations to become a bank holding
company and/or to acquire the assets or the ownership of, control of,
or the power to vote shares of a bank or bank holding company and all
of the banks and nonbanking companies owned by the bank holding
company, including the companies listed below.
The applications listed below, as well as other related filings
required by the Board, are available for immediate inspection at the
Federal Reserve Bank indicated. Once the application has
[[Page 9167]]
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 standards enumerated in the BHC
Act (12 U.S.C. Sec. 1842(c)). If the proposal also involves the
acquisition of a nonbanking company, the review also includes whether
the acquisition of the nonbanking company complies with the standards
in section 4 of the BHC Act, including whether the acquisition of the
nonbanking company 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 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, nonbanking activities
will be conducted throughout the United States.
Unless otherwise noted, comments regarding each of these
applications must be received at the Reserve Bank indicated or the
offices of the Board of Governors not later than April 1, 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, and NB
Holdings Corporation, Charlotte, North Carolina; to merge with Charter
Bancshares, Inc., Houston, Texas, and CBH, Inc., Wilmington, Delaware;
and thereby indirectly acquire Charter National Bank-Houston, Houston,
Texas; Charter National Bank-Colonial, Houston, Texas; University
National Bank, Galveston, Texas; and Charter Bank, State Savings Bank,
Houston, Texas.
Board of Governors of the Federal Reserve System, March 1, 1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-5340 Filed 3-6-96; 8:45 am]
BILLING CODE 6210-01-F
