[Federal Register Volume 59, Number 35 (Tuesday, February 22, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-3844]


[[Page Unknown]]

[Federal Register: February 22, 1994]


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

FEDERAL RESERVE SYSTEM

 

Ambank Company, 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 March 14, 1994.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Ambank Company, Inc., Sioux Center, Iowa; to engage de novo 
through its subsidiary, Northwest Appraisal Services, Sioux Center, 
Iowa, in performing real estate appraisal services pursuant to Sec.  
225.25(b)(13) of the Board's Regulation Y.
    2. First Midwest Corporation of Delaware, Melrose Park, Illinois; 
to engage de novo through its subsidiary, Midwest Trust Services, Inc., 
Elmwood Park, Illinois, in accepting and executing trusts and carrying 
on a general trust company business pursuant to Sec.  225.25(b)(3) of 
the Board's Regulation Y. These activities are intended to serve the 
Chicago metropolitan area including Cook, Lake, Will, DuPage and 
McHenry Counties.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Cass Commercial Corporation, St. Louis, Missouri; to engage de 
novo through its subsidiary, Cass Logistics, Inc., Bridgeton, Missouri, 
in acquiring, holding, and disposing of loans or other extensions of 
credit extended by Cass Commercial Corporation's subsidiary bank, Cass 
Bank & Trust Company, St. Louis, Missouri, and providing necessary 
servicing activities in connection therewith pursuant to Sec.  
225.25(b)(1) of the Board's Regulation Y.
    B. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Wabasha Holding Company, Wabasha, Minnesota; to engage de novo 
in the purchase of participations in loans and/or loan pools 
collateralized with leases pursuant to Sec.  225.25(b)(1) of the 
Board's Regulation Y.
    C. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. First Community Bancshares, Inc., Winnfield, Louisiana; engage 
de novo in acting as principal, agent, or broker for insurance that is 
directly related to an extension of credit by the bank holding company 
or any of its subsidiaries and limited to ensuring the repayment of the 
outstanding balance due on the extension of credit in the event of 
death, disability, or involuntary unemployment of the debtor pursuant 
to Sec.  225.25(b)(8) of the Board's Regulation Y. These activities 
will be conducted in the State of Louisiana.
    2. Winn Bancshares, Inc., Winnfield, Louisiana; to engage de novo 
in acting as principal, agent, or broker for insurance that is directly 
related to an extension of credit by the bank holding company or any of 
its subsidiaries and limited to ensuring the repayment of the 
outstanding balance due on the extension of credit in the event of 
death, disability, or involuntary unemployment of the debtor pursuant 
to Sec.  225.25(b)(8) of the Board's Regulation Y. These activities 
will be conducted in the State of Louisiana.

    Board of Governors of the Federal Reserve System, February 15, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-3844 Filed 2-18-94; 8:45 am]
BILLING CODE 6210-01-F