[Federal Register Volume 61, Number 147 (Tuesday, July 30, 1996)]
[Notices]
[Pages 39659-39660]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-19275]
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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 company listed in this notice has 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.
The 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
[[Page 39660]]
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 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 application must be
received at the Reserve Bank indicated or the offices of the Board of
Governors not later than August 14, 1996.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Quad City Holdings, Inc., Bettendorf, Iowa; to acquire 20
percent of the voting shares of Nobel Electronic Transfer, L.L.C.,
Bettendorf, Iowa, and thereby engage in data processing activities
pursuant to Sec. 225.25(b)(7) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, July 24, 1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-19275 Filed 7-29-96; 8:45 am]
BILLING CODE 6210-01-F
