[Federal Register Volume 59, Number 38 (Friday, February 25, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-4288]


[[Page Unknown]]

[Federal Register: February 25, 1994]


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FEDERAL RESERVE SYSTEM
 

Park National 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 
March 21, 1994.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Park National Corporation, Newark, Ohio; to acquire Scope 
Leasing, Inc., Columbus, Ohio, and thereby engage in permissible 
leasing activities pursuant to Sec.  225.25(b)(5) of the Board's 
Regulation Y.
    B. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Baylor Bancshares, Inc., Seymour, Texas; to expand the 
geographic scope of the operations of Baylor Mortgage Company, Inc., 
Jeffersonville, Indiana, and thereby engage in making, acquiring, or 
servicing loans for itself or for others, and in loan marketing and 
advisory services pursuant to Sec.  225.25(b)(1) of the Board's 
Regulation Y. These activities will now be conducted throughout the 
State of Texas.

    Board of Governors of the Federal Reserve System, February 18, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-4288 Filed 2-24-94; 8:45 am]
BILLING CODE 6210-01-F