[Federal Register Volume 61, Number 166 (Monday, August 26, 1996)]
[Notices]
[Pages 43763-43764]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-21645]
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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
[[Page 43764]]
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 September 9, 1996.
A. Federal Reserve Bank of New York (Christopher J. McCurdy, Senior
Vice President) 33 Liberty Street, New York, New York 10045:
1. Bayerische Vereinsbank AG, Munich, Germany; to engage de novo
through its subsidiary, VB Structured Finance Inc., New York, New York,
in commercial finance activities, including project finance, trade
finance, acquisition finance, real estate loans, debtor in possession
financing, and the provision of liquidity lines to asset-backed
commercial paper conduits, pursuant to Sec. 225.25(b)(1) of the
Board's Regulation Y.
B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice
President) 411 Locust Street, St. Louis, Missouri 63166:
1. Joseph Thomas McLane, as conservator for Jerry F. McLane, Poplar
Bluff, Missouri; to acquire an additional 43.40 percent, for a total of
43.42 percent, of the voting shares of Midwest Bancshares, Inc., Poplar
Bluff, Missouri, and thereby indirectly acquire Carter County State
Bank, Van Buren, Missouri, First Midwest Bank of Dexter, Dexter,
Missouri, First Midwest Bank of Chaffee, and First Midwest Bank of
Piedmont, Piedmont, Missouri.
Board of Governors of the Federal Reserve System, August 20,
1996.
Jennifer J. Johnson
Deputy Secretary of the Board
[FR Doc. 96-21645 Filed 8-23-96; 8:45 am]
BILLING CODE 6210-01-F
