[Federal Register Volume 59, Number 37 (Thursday, February 24, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-4118]


[[Page Unknown]]

[Federal Register: February 24, 1994]


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FEDERAL RESERVE SYSTEM
 

J.P. Morgan & Company, Inc., 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 
March 18, 1994.
    A. Federal Reserve Bank of New York (William L. Rutledge, Vice 
President) 33 Liberty Street, New York, New York 10045:
    1. J.P. Morgan & Company, Inc., New York, New York; to acquire J.P. 
Morgan Delaware Trust Company, Wilmington, Delaware, and thereby engage 
in activities that may be carried on by a trust company, including 
those of a fiduciary, investment management, agency and securities 
safekeeping nature pursuant to Sec.  225.25(b)(3) of the Board's 
Regulation Y.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Compass Bancshares, Inc., Birmingham, Alabama; to acquire 
certain branches of Anchor Savings Bank, FSB, Hewlett, New York, 
located in Callahan, Florida; Jacksonville, Florida; and St. Augustine, 
Florida, and thereby engage in operating a saving bank pursuant to 
Sec. 225.25(b)(9) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, February 16, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-4118 Filed 2-23-94; 8:45 am]
BILLING CODE 6210-01-F