[Federal Register Volume 62, Number 79 (Thursday, April 24, 1997)]
[Notices]
[Page 20012]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-10583]
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FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in Permissible Nonbanking
Activities or to Acquire 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. 1843) (BHC Act) and
Regulation Y, (12 CFR Part 225) 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 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.
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 May 8, 1997.
A. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
1. Norwest Corporation, Minneapolis, Minnesota; to acquire Ohio
Executive Mortgage Company, Mansfield, Ohio, and thereby engage in
residential mortgage lending activities, pursuant to Sec. 225.25(b)(1)
of the Board's Regulation Y. The co-venturers will be Norwest Ventures,
Inc., Des Moines, Iowa, and Sluss Realty Company, Mansfield, Ohio.
2. Norwest Corporation, Minneapolis, Minnesota; to acquire Trinity
Mortgage Affiliates, Atlanta, Georgia, and thereby engage in
residential mortgage lending activities, pursuant to Sec. 225.25(b)(1)
of the Board's Regulation Y. The co-venturers will be Norwest Ventures,
Inc., Des Moines, Iowa, and Trinity Mortgage Partners, Inc., Atlanta,
Georgia, a wholly owned subsidiary of Jenny Pruitt & Associates, Inc.,
Atlanta, Georgia.
Board of Governors of the Federal Reserve System, April 18,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-10583 Filed 4-23-97; 8:45 am]
BILLING CODE 6210-01-F
