[Federal Register Volume 59, Number 179 (Friday, September 16, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-22964]
[[Page Unknown]]
[Federal Register: September 16, 1994]
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FEDERAL RESERVE SYSTEM
Liberty Shares, Inc., et al.; Notice of Applications to Engage de
novo in Permissible Nonbanking Activities
The companies listed in this notice have filed an application under
Sec. 225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1)) 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 commence or to engage de novo, either directly or through
a subsidiary, 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.
Each 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 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.
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 October 6, 1994.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Liberty Shares, Inc., Hinesville, Georgia; to engage de novo,
through its subsidiary Hinesville, Finance, Inc., Hinesville, Georgia,
in consumer finance activities, pursuant to Sec. 225.25(b)(1)(i) of the
Board's Regulation Y, and to engage in credit-related insurance agency
activities, pursuant to Sec. 225.25(8)(i) and 225.25(8)(ii) of the
Board's Regulation Y. The proposed activity will be conducted
throughout the state of Georgia.
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Maple Park Bancshares, Inc., Maple Park, Illinois; to engage de
novo in the servicing of mortgage loans, pursuant to Sec. 225.25(b)(1)
of the Board's Regulation Y.
C. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
1. O Bancorp, Inc., Geraldine, Montana; to engage de novo in
making, acquiring or servicing loans or other extensions of credit for
its own account or the account of others, pursuant to Sec. 225.25(b)(1)
of the Board's Regulation Y. The geographic scope for these activities
is a 35 mile radius of Geraldine, Montana.
Board of Governors of the Federal Reserve System, September 12,
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-22964 Filed 9-15-94; 8:45 am]
BILLING CODE 6210-01-F
