[Federal Register Volume 60, Number 123 (Tuesday, June 27, 1995)]
[Notices]
[Page 33209]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-15670]
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FEDERAL RESERVE SYSTEM
The Bank of New York Company, Inc., et al.; Acquisitions of
Companies Engaged in Permissible Nonbanking Activities
The organizations listed in this notice have applied under Sec.
225.23(a)(2) or (f) of the Board's Regulation Y (12 CFR 225.23(a)(2) or
(f)) 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 acquire or control voting securities or assets of
a company engaged 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.
Each 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 outweigh 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.
Unless otherwise noted, comments regarding each of these
applications must be received at the Reserve Bank indicated for the
application or the offices of the Board of Governors not later than
July 11, 1995.
A. Federal Reserve Bank of New York (William L. Rutledge, Senior
Vice President) 33 Liberty Street, New York, New York 10045:
1. The Bank of New York Company, Inc., New York, New York; to
acquire through its subsidiary, The Bank of New York Trust Company of
California, Los Angeles, California, certain trust assets of
BankAmerica Corporation and its subsidiaries, and thereby engage in
trust activities, pursuant to Sec. 225.25(b)(3) 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. Community Trust Financial Services Corporation, Hiram, Georgia;
to acquire Community Loan Company, Hiram, Georgia, a joint venture with
Danny H. Drummond, which will acquire Credit Services of Woodstock,
Woodstock, Georgia, and thereby engage in consumer finance activities,
pursuant to Sec. 225.25(b)(1)(i) of the Board's Regulation Y. The
proposed activity will be conducted throughout the State of Georgia.
Board of Governors of the Federal Reserve System, June 21, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-15670 Filed 6-26-95; 8:45 am]
BILLING CODE 6210-01-F
