[Federal Register Volume 64, Number 99 (Monday, May 24, 1999)]
[Notices]
[Pages 27990-27991]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-12965]
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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 June 7, 1999.
A. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen,
[[Page 27991]]
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291,
Minneapolis, Minnesota 55480-0291:
1. Northern Star Financial, Inc., Mankato, Minnesota; to acquire 49
percent of the interest in Homeland Mortgage, LLC, Morris, Minnesota,
and thereby enter into a joint venture relationship with West Central
Service Corporation, Inc., Morris, Minnesota, a subsidiary of First
Federal Holding Company of Morris, Inc., Morris, Minnesota, a
registered savings and loan holding company, and thereby engage de novo
in making and servicing of real estate mortgage loans, pursuant to
Sec. 225.28(b)(1) of Regulation Y.
Board of Governors of the Federal Reserve System, May 18, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-12965 Filed 5-21-99; 8:45 am]
BILLING CODE 6210-01-F
