[Federal Register Volume 59, Number 186 (Tuesday, September 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-23817]
[[Page Unknown]]
[Federal Register: September 27, 1994]
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FEDERAL RESERVE SYSTEM
IBT Bancorp, 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 17, 1994.
A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. IBT Bancorp, Inc., Mt. Pleasant, Michigan; to engage de novo
through its subsidiary IBT Financial Services, Inc., Mr. Pleasant,
Michigan, in full service securities brokerage activities, pursuant to
Sec. 225.25(b)(15) of the Board's Regulation Y. These activities will
be conducted in the state of Michigan.
2. Northern Bankshares, Inc., McFarland, Wisconsin; to expand the
scope of its lending activity of making and servicing loans by
increasing loan participations, in an aggregate amount, up to $2
million, 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. National City Bancshares, Inc., Evansville, Indiana; to engage
de novo through its subsidiary NCBE Leasing Corp., Evansville, Indiana,
in (1) leasing personal and real property; and (2) acting as agent,
broker or adviser in the leasing of personal or real property, pursuant
to Sec. 225.25(b)(5) and (b)(i) and (ii) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, September 21,
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-23817 Filed 9-26-94; 8:45 am]
BILLING CODE 6210-01-F
