96-24915. Change in Bank Control Notices; Acquisitions of Shares of Banks or Bank Holding Companies

[Federal Register Volume 61, Number 190 (Monday, September 30, 1996)]
[Notices]
[Page 51114]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-24915]


=======================================================================
-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


Change in Bank Control Notices; Acquisitions of Shares of Banks 
or Bank Holding Companies

    The notificants listed below have applied under the Change in Bank 
Control Act (12 U.S.C. 1817(j)) and Sec.  225.41 of the Board's 
Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company. 
The factors that are considered in acting on the notices are set forth 
in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
    The notices are available for immediate inspection at the Federal 
Reserve Bank indicated. Once the notices have been accepted for 
processing, they will also be available for inspection at the offices 
of the Board of Governors. Interested persons may express their views 
in writing to the Reserve Bank indicated for that notice or to the 
offices of the Board of Governors. Comments must be received not later 
than October 15, 1996.
    A. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
Director, Bank Holding Company) 101 Market Street, San Francisco, 
California 94105:
    1. Palm Desert Investments Employee Stock Ownership Plan and Trust, 
Palm Desert, California; to acquire an additional 2.31 percent, for a 
total of 24.42 percent, of the voting shares of Palm Desert 
Investments, Palm Desert, California, and thereby indirectly acquire 
Palm Desert National Bank, Palm Desert, California.

    Board of Governors of the Federal Reserve System, September 24, 
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-24915 Filed 9-27-96; 8:45 am]
BILLING CODE 6210-01-F