[Federal Register Volume 62, Number 115 (Monday, June 16, 1997)]
[Notices]
[Page 32611]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-15626]
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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. 225.28 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. 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.
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 30, 1997.
A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Provident Bankshares Corporation, Baltimore, Maryland; to
acquire First Citizens Financial Corporation, Gaithersburg, Maryland,
and thereby indirectly acquire Citizens Savings Bank, F.S.B.,
Gaithersburg, Maryland, and thereby engage in operating a saving
association, pursuant to Sec. 225.28(b)(4)(ii) of the Board's
Regulation Y; and in originating and selling residential mortgage
loans, pursuant to Sec. 225.28(b)(1) of the Board's Regulation Y; and
in selling mortgage life insurance to borrowers of Citizens Savings
Bank, F.S.B., pursuant to Sec. 225.28(b)(11)(i) of the Board's
Regulation Y.
B. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. First Chicago NBD Corporation, Chicago, Illinois; to acquire
First Chicago Capital Markets, Inc., Chicago, Illinois, and thereby
engage in underwriting and dealing in to a limited extent, equity
securities. See, 75 Fed. Res. Bull. 192 (1989).
Board of Governors of the Federal Reserve System, June 10, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-15626 Filed 6-13-97; 10:02 am]
BILLING CODE 6210-01-F
