[Federal Register Volume 62, Number 80 (Friday, April 25, 1997)]
[Notices]
[Page 20189]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-10690]
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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. 225.28 of Regulation Y (12 CFR 225.28)
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 9, 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 IMS
Mortgage Company, Cedar Rapids, Iowa, and thereby engage in residential
mortgage lending activities, pursuant to Sec. 225.28(b)(1) of the
Board's Regulation Y. The co-venturers will be Norwest Ventures, Inc.,
Des Moines, Iowa, and East Brook Corporation of Iowa, d/b/a/ Skogman
Realty, Cedar Rapids, Iowa.
Board of Governors of the Federal Reserve System, April 21,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-10690 Filed 4-24-97; 8:45 am]
BILLING CODE 6210-01-F
