95-12450. Valley National Bank; De Novo Corporation to do Business Under Section 25A of the Federal Reserve Act

[Federal Register Volume 60, Number 98 (Monday, May 22, 1995)]
[Notices]
[Page 27106]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-12450]



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FEDERAL RESERVE SYSTEM

Valley National Bank; De Novo Corporation to do Business Under 
Section 25A of the Federal Reserve Act

    An application has been submitted for the Board's approval of the 
organization of a corporation to do business under section 25A of the 
Federal Reserve Act (Edge Corporation) 12 U.S.C. Sec.  611 et seq. The 
Edge Corporation will operate as a subsidiary of the applicant, Valley 
National Bank, Passaic, New Jersey. The factors that are to be 
considered in acting on the application are set forth in the Board's 
Regulation K (12 CFR 211.4).
    The application may by inspected at the Federal Reserve Bank of New 
York or at the Board of Governors. Any comment on an application that 
requests a hearing must include a statement of why a written 
presentation would not suffice in lieu of a hearing, identify 
specifically any questions of fact that are in dispute, and summarize 
the evidence that would be presented at a hearing.
    Comments regarding the application must be received by the Reserve 
Bank indicated or at the offices of the Board of Governors not later 
than June 20, 1995.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Valley National Bank, Passaic, New Jersey; to establish VNB 
International Services, Inc., Wayne, New Jersey, a de novo Edge 
Corporation, pursuant to Sec.  25A of the Federal Reserve Act.

    Board of Governors of the Federal Reserve System, May 16, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-12450 Filed 5-19-95; 8:45 am]
BILLING CODE 6210-01-F