[Federal Register Volume 59, Number 25 (Monday, February 7, 1994)] [Unknown Section] [Page 0] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 94-2670] [[Page Unknown]] [Federal Register: February 7, 1994] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Union Planters 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 21, 1994. A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63166: 1. Union Planters Corporation, Memphis, Tennessee; to acquire Liberty Bancshares, Inc., Paris, Tennessee, and thereby indirectly acquire Liberty Federal Savings Bank, Paris, Tennessee, and thereby engage in operating a federally-chartered savings bank pursuant to Sec. 225.25(b)(9) of the Board's Regulation Y. These activities will be conducted in the State of Tennessee. Comments on this application must be received by March 3, 1994. B. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice President) 250 Marquette Avenue, Minneapolis, Minnesota 55480: 1. Norwest Corporation, Minneapolis, Minnesota; Norwest Financial Services, Inc., Des Moines, Iowa; and Norwest Financial, Inc., Des Moines, Iowa; to acquire certain assets and assume certain liabilities of Allied Business Systems, Inc., Macon, Georgia, and thereby engage in data processing activities pursuant to Sec. 225.25(b)(7) of the Board's Regulation Y. 2. Norwest Corporation, Minneapolis, Minnesota; to acquire Double Eagle Financial Corporation, Phoenix, Arizona, and its subsidiary, United Title Agency of Arizona, Phoenix, Arizona, and thereby engage in acting as agent for the title insurance company in issuing commitments and policies of title insurance; acting as escrow agent in real estate transactions; providing real estate settlement services; acting as trustee in Arizona subdivision trusts and in foreclosure and account servicing transactions, and serving as collection agent for real estate transactions where real estate is held in trust or is purchased under a land contract pursuant to Secs. 225.25(b)(1) and (b)(3) of the Board's Regulation Y. These activities will be conducted in the State of Arizona. Board of Governors of the Federal Reserve System, February 1, 1994. Jennifer J. Johnson, Associate Secretary of the Board. [FR Doc. 94-2670 Filed 2-4-94; 8:45 am] BILLING CODE 6210-01-F