[Federal Register Volume 59, Number 41 (Wednesday, March 2, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-4778]


[[Page Unknown]]

[Federal Register: March 2, 1994]


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FEDERAL RESERVE SYSTEM
 

Sumitomo Trust & Banking Co., Ltd., 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 25, 1994.
    A. Federal Reserve Bank of New York (William L. Rutledge, Vice 
President) 33 Liberty Street, New York, New York 10045:
    1. Sumitomo Trust & Banking Co., Ltd., Osaka, Japan; to acquire 
Boullioun Aviation Services, Inc., Bellevue, Washington, and thereby 
engage in leasing personal property and acting as agent, broker or 
advisor in leasing such property pursuant to Sec.  225.25(b)(5)(i); 
leasing tangible personal property and acting as agent, broker or 
advisor in leasing such property, in which the lessor relies on an 
estimated residential value of the property in excess of 25 percent 
pursuant to Sec.  225.25(b)(5)(ii); making, acquiring or servicing 
commercial loans and other extensions of credit for its account or that 
of others and acting as agent, broker or advisor with respect to such 
credit financing transactions, pursuant to Sec.  225.25(b)(1); acting 
as an investment or financial advisor to the extent of (i) providing 
portfolio investment advice regarding investments in aircraft leases 
and other financing of aircraft and related equipment; (ii) furnishing 
general economic statistical forecasting services and industry studies 
regarding the aircraft and air transportation industry; and (iii) 
providing advice, including rendering fairness opinions and providing 
valuation services, in connection with financing transactions or 
aircraft and related equipment (including private and public financing 
and loan syndications) and conducting financial feasibility studies 
pursuant to Sec.  225.25(b)(4) of the Board's Regulation Y.
    B. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. United Bancorp of Kentucky, Inc., Lexington, Kentucky; to 
acquire Computer Bank Services, Inc., Lexington, Kentucky, and thereby 
engage in providing to commercial banks and others data processing and 
data transmission services, facilities (including data processing and 
data transmission hardware and software) for the processing of 
financial, banking, and economic data pursuant to Sec.  225.25(b)(7) of 
the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, February 24, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-4778 Filed 3-1-94; 8:45 am]
BILLING CODE 6210-01-F