[Federal Register Volume 59, Number 48 (Friday, March 11, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-5694]


[[Page Unknown]]

[Federal Register: March 11, 1994]


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FEDERAL RESERVE SYSTEM

 

Banc One Corporation; Formation of, Acquisition by, or Merger of 
Bank Holding Companies; and Acquisition of Nonbanking Company

    The company listed in this notice has applied under Sec.  225.14 of 
the Board's Regulation Y (12 CFR 225.14) for the Board's approval under 
section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to become a 
bank holding company or to acquire voting securities of a bank or bank 
holding company. The listed company has also applied under Sec.  
225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) 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, or to engage in such an activity. Unless otherwise 
noted, these activities will be conducted throughout the United States.
    The 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.
    Comments regarding the application must be received at the Reserve 
Bank indicated or the offices of the Board of Governors not later than 
April 4, 1994.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Banc One Corporation, Columbus, Ohio, and Aaron Acquisition 
Corporation, Louisville, Kentucky; to merge with Liberty National 
Bancorp, Inc., Lexington, Kentucky, and thereby indirectly acquire 
Liberty National Bank and Trust Company of Kentucky, Louisville, 
Kentucky; Liberty National Bank of Ownesboro, Ownesboro, Kentucky; 
Liberty National Bank of Madisonville, Madisonville, Kentucky; Liberty 
National Bank of Hardin County, Elizabethtown, Kentucky; Hardin County 
Bank & Trust, Inc., Radcliff, Kentucky; Farmers Deposit Bank of 
Bradenburg, Bradenburg, Kentucky; and Liberty National Bank and Trust 
Company of Indiana, Charlestown, Indiana.
    In connection with this application, Applicant also proposes to 
acquire Liberty Financial Services, Inc., Louisville, Kentucky, and 
thereby engage in consumer finance activities and the sale of credit-
related insurance pursuant to Secs.  225.25(b)(1) and (b)(8) of the 
Board's Regulation Y, and Liberty Investment Services, Louisville, 
Kentucky, and thereby engage in offering full-service brokerage 
services to the public and underwriting and offering full-service 
brokerage services to the public and underwriting and dealing in bank-
eligible securities and municipal revenue bonds as riskless principal 
with respect to government, agency and municipal securities activities 
pursuant to Secs.  225.25(b)(15) and (b)(16) and 76 Federal Reserve 
Bulletin 461 (1990).

    Board of Governors of the Federal Reserve System, March 7, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-5694 Filed 3-10-94; 8:45 am]
BILLING CODE 6210-01-F