96-17245. Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities  

  • [Federal Register Volume 61, Number 131 (Monday, July 8, 1996)]
    [Notices]
    [Page 35734]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 96-17245]
    
    
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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.  225.25 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.
        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, 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 applications must be 
    received at the Reserve Bank indicated or the offices of the Board of 
    Governors not later than July 22, 1996.
        A. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
    Director, Bank Holding Company) 101 Market Street, San Francisco, 
    California 94105:
        1. Capital Corp of the West, Merced, California; to engage through 
    its newly formed subsidiary Capital West Group, Inc., Merced, 
    California, in furnishing general economic information and advice, 
    general economic statistical forecasting services and industry studies, 
    pursuant to Sec.  225.25(b)(4)(iv) of the Board's Regulation Y, and in 
    providing advice, including rendering fairness opinions and providing 
    valuation services, in connection with mergers, acquisitions, 
    divestitures, joint ventures, leveraged buyouts, recapitalizations, 
    capital structurings, and financing transactions (including private and 
    public financing and loan syndications); and conducting financial 
    feasibility studies, pursuant to Sec.  225.25(b)(4)(vi) of the Board's 
    Regulation Y. These activities, currently limited in geographic scope, 
    will be expanded to nationwide.
        In connection with this application Capital Corp of the West, 
    Merced, California, also has applied to engage de novo through its 
    subsidiary Capital West Group, Inc., Merced, California, in providing 
    management consulting advice to nonaffiliated financial institutions, 
    and will include, but is not limited to, providing services associated 
    with assisting with organizational planning; assisting with strategic 
    planning and assessments; business plan implementation and monitoring; 
    presenting Board of Director education programs; and facilitating Board 
    of Directors and management retreats, pursuant to Sec.  225.25(b)(11) 
    of the Board's Regulation Y.
    
        Board of Governors of the Federal Reserve System, July 1, 1996.
    Jennifer J. Johnson,
    Deputy Secretary of the Board.
    [FR Doc. 96-17245 Filed 7-5-96; 8:45 am]
    BILLING CODE 6210-01-F
    
    
    

Document Information

Published:
07/08/1996
Department:
Federal Reserve System
Entry Type:
Notice
Document Number:
96-17245
Pages:
35734-35734 (1 pages)
PDF File:
96-17245.pdf