[Federal Register Volume 59, Number 53 (Friday, March 18, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6424]


[[Page Unknown]]

[Federal Register: March 18, 1994]


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FEDERAL RESERVE SYSTEM
 

Prattville Financial Services Corporation, 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 April 7, 1994.
    A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Prattville Financial Services Corporation, Prattville, Alabama; 
to retain and engage de novo through its subsidiary, Key Investment 
Securities, Inc., Prattville, Alabama, in insurance agency and 
underwriting activities pursuant to Sec.  225.25(b)(8); and providing 
securities brokerage services, and related securities credit activities 
pursuant to Sec.  225.25(b)(15) of the Board's Regulation Y. These 
activities will be conducted throughout Autauga County, Alabama.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Horizon Bancorp Employee Stock Ownership Plan, Michigan City, 
Indiana, and Horizon Bancorp, Michigan City, Indiana; to engage de novo 
through their subsidiary, Horizon Insurance Group, Inc., Michigan City, 
Indiana, 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)(i) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, March 14, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-6424 Filed 3-17-94; 8:45 am]
BILLING CODE 6210-01-F