[Federal Register Volume 64, Number 79 (Monday, April 26, 1999)]
[Notices]
[Page 20309]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-10426]
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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, including the
companies listed below, 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. The notice also will 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 21, 1999.
A. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. Old Kent Financial Corporation, Grand Rapids, Michigan; to
acquire CFSB Bancorp, Inc., Lansing, Michigan, and thereby indirectly
acquire Community First Bank, Lansing, Michigan; Community First
Mortgage Company, Lansing, Michigan; and Capital Consolidated Financial
Corporation, Lansing, Michigan, and thereby engage in operating a
savings association, pursuant to Sec. 225.28(b)(4)(ii) of Regulation
Y; in performing secondary marketing activities for real estate
mortgages, pursuant to Sec. 225.28(b)(1) of Regulation Y, and in
credit life insurance activities, pursuant to Sec. 225.28(b)(11)(i)(A)
of Regulation Y.
Board of Governors of the Federal Reserve System, April 21,
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-10426 Filed 4-23-99; 8:45 am]
BILLING CODE 6717-01-P
