[Federal Register Volume 59, Number 10 (Friday, January 14, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1000]


[[Page Unknown]]

[Federal Register: January 14, 1994]


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FEDERAL RESERVE SYSTEM

 

Bankers Trust New York Corporation, et al.; Acquisitions of 
Companies Engaged in Permissible Nonbanking Activities

    The organizations listed in this notice have applied under Sec.  
225.23(a)(2) or (f) of the Board's Regulation Y (12 CFR 225.23(a)(2) or 
(f)) 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 acquire or control voting securities or assets of 
a company engaged 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 each of these 
applications must be received at the Reserve Bank indicated for the 
application or the offices of the Board of Governors not later than 
February 7, 1994.
    A. Federal Reserve Bank of New York (William L. Rutledge, Vice 
President) 33 Liberty Street, New York, New York 10045:
    1. Bankers Trust New York Corporation, New York, New York; to 
acquire The New York Equity Fund 1993 Limited Partnership, New York, 
New York, and thereby engage in the making of equity and debt 
investments in corporations or projects designed primarily to promote 
community welfare, such as economic rehabilitation and development of 
low-income areas by providing housing, and services or jobs for 
residents pursuant to Sec.  225.25(b)(6) of the Board's Regulation Y, 
and simultaneously, applies to make an investment in New York Equity 
Fund 1993 Limited Partnership. Comments on this application must be 
received by January 28, 1994.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. AmSouth Bancorporation, Birmingham, Alabama; to acquire Fortune 
Bancorp, Inc., Clearwater, Florida, and thereby acquire its thrift 
subsidiary, Fortune Bank, A Savings Bank, Clearwater, Florida, and 
thereby engage in operating a savings association pursuant to Sec.  
225.25(b)(9) of the Board's Regulation Y.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. First Tennessee National Corporation, Memphis, Tennessee; to 
acquire Highland Capital Management Corp., Memphis, Tennessee, and to 
merge it into First Tennessee Investment Management, Inc., Memphis, 
Tennessee, and thereby engage in providing investment advice pursuant 
to Sec.  225.25(b)(4) of the Board's Regulation Y. Comments on this 
application must be received by January 28, 1994.
    2. National Commerce Bancorporation, Memphis, Tennessee; to acquire 
Brooks, Montague & Associates, Inc., Chattanooga, Tennessee, and 
thereby engage in providing portfolio investment advice pursuant to 
Sec.  225.25(b)(4)(iii) of the Board's Regulation Y. Comments on this 
application must be received by January 28, 1994.

    Board of Governors of the Federal Reserve System, January 10, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-1000 Filed 1-13-94; 8:45 am]
BILLING CODE 6210-01-F