[Federal Register Volume 60, Number 132 (Tuesday, July 11, 1995)]
[Notices]
[Pages 35747-35748]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-16898]
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FEDERAL RESERVE SYSTEM
BancTenn Corp.; Acquisition of Company Engaged in Permissible
Nonbanking Activities
The organization listed in this notice has 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.
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
[[Page 35748]]
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.
Comments regarding the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
July 25, 1995.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. BancTenn Corp., Kingsport, Tennessee; to acquire Tennessee
General Corp., Johnson City, Tennessee, and thereby engage in data
processing, payroll, and related services, pursuant to Sec.
225.25(b)(7) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, July 5, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-16898 Filed 7-10-95; 8:45 am]
BILLING CODE 6210-01-F
