[Federal Register Volume 62, Number 163 (Friday, August 22, 1997)]
[Notices]
[Pages 44697-44698]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-22303]
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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. The notice also will 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 September 15, 1997.
A. Federal Reserve Bank of Boston (Richard Walker, Community
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
1. UST Corp., Boston, Massachusetts; to acquire Firestone Financial
Corp., Newton, Massachusetts, and thereby engage in installment loan
and lease financing activities to commercial
[[Page 44698]]
customers pursuant to Secs. 225.28(b)(1) and (b)(3) of the Board's
Regulation Y.
B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. Regions Financial Corporation, Birmingham, Alabama; to acquire
Griffin Federal Savings Bank, Griffin, Georgia, and thereby engage in
operating a savings association pursuant to Sec. 225.28(b)(4) of the
Board's Regulation Y.
Board of Governors of the Federal Reserve System, August 18,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-22303 Filed 8-21-97; 8:45 am]
BILLING CODE 6210-01-F
