[Federal Register Volume 59, Number 113 (Tuesday, June 14, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-14366]
[[Page Unknown]]
[Federal Register: June 14, 1994]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
FEDERAL RESERVE SYSTEM
BNCCORP, Inc; Notice of Application to Engage de novo in
Permissible Nonbanking Activities
The company listed in this notice has filed an application under
Sec. 225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1)) for
the Board's approval under section 4(c)(8) of the Bank Holding Company
Act (12 U.S.C. 1843(c)(8)) and Sec. 225.21(a) of Regulation Y (12 CFR
225.21(a)) to commence or to engage de novio, either directly or
through a subsidiary, in a nonbanking activity that is listed in
Sec. 225.25 of Regulation Y as closely related to banking and
permissible for bank holding companies. Unless otherwise noted, such
activities will be conducted throughout the United States.
The application is available for immediate inspection at the
Federal Reserve Bank indicated. Once the application 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 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 outweight possible adverse effects, such as undue concentration of
resources, decreased or unfair competition, conflicts of interests, or
unsound banking practices.'' 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 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.
Comments regarding the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
July 5, 1994.
A. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. BNCCORP, INC., Bismarck, North Dakota; to engage de novo in
providing management consulting to nonaffiliated bank and nonbank
depository institutions pursuant to Sec. 225.25(b)(11) of the Board's
regulation Y. These activities will be conducted in North Dakota, South
Dakota, Minnesota, and Montana.
Board of Governors of the Federal Reserve System, June 7, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-14366 Filed 6-13-94; 8:45 am]
BILLING CODE 6210-01-F
