[Federal Register Volume 61, Number 90 (Wednesday, May 8, 1996)]
[Notices]
[Pages 20820-20821]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-11414]
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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, including whether consummation of the proposal can
``reasonably be expected to produce benefits to the public, such as
greater convenience, increased competition, or gains in efficiency,
that outweigh possible adverse effects, such as undue concentration of
resources, decreased or unfair competition, conflicts of interests, or
unsound banking practices'' (12 U.S.C. 1843). Any request for a hearing
on this question must be accompanied by a statement of the reasons a
written presentation would not suffice in lieu of a hearing,
identifying specifically any questions of
[[Page 20821]]
fact that are in dispute, summarizing the evidence that would be
presented at a hearing, and indicating how the party commenting would
be aggrieved by approval of the proposal.
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 22, 1996.
A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
1. Allied Irish Banks, p.l.c., Dublin, Ireland, and First Maryland
Bancorp, Baltimore, Maryland; to acquire Zirkin-Cutler Investments,
Inc., Washington, D.C., and thereby engage in serving as investment
adviser to investment companies registered under the Investment Company
Act of 1940, including sponsoring, organizing, and managing closed-end
investment companies; providing portfolio investment advice to any
other person; and, furnishing general economic information and advice,
general economic statistical forecasting services and industry studies,
pursuant to Secs. 225.25(b)(4)(ii), (iii), and (iv) of the Board's
Regulation Y.
B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Barnett Banks, Inc., Jacksonville, Florida; to engage de novo
through its subsidiary, Barnett Community Development Corporation,
Jacksonville, Florida, in community development activities, pursuant to
Sec. 225.25(b)(6) of the Board's Regulation Y.
C. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Outsource Capital Group, Inc., Lubbock, Texas, and Outsource
Delaware Capital Group, Inc., Dover, Delaware (both in formation); to
acquire Rall Mortgage Corporation, Lubbock, Texas, and thereby engage
in mortgage lending, pursuant to Sec. 225.25(b)(1) of the Board's
Regulation Y.
Board of Governors of the Federal Reserve System, May 2, 1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-11414 Filed 5-7-96; 8:45 am]
BILLING CODE 6210-01-F
