[Federal Register Volume 59, Number 56 (Wednesday, March 23, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6777]


[[Page Unknown]]

[Federal Register: March 23, 1994]


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FEDERAL RESERVE SYSTEM
 

Country Bancorp; Inc., Notice of Application To Engage de Novo in 
Permissible Nonbanking Activities

    The company listed in this notice has 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.
    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, or unsound 
banking practices.'' Any request for a hearing on this question must be 
accompanied by a statement of the reason 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 12, 1994.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Country Bancorp, Inc., Litchfield, Illinois, to engage de novo 
in the offering of fixed rate annuity products at the offices of its 
three depository institution subsidiaries located in Hillsboro and Mt. 
Olive, Illinois, both towns of less than 5000 in population, pursuant 
to Sec. 225.25(b)(8)(iii) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, March 17, 
1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-6777 Filed 3-22-94; 8:45 am]
BILLING CODE 6210-01-M