[Federal Register Volume 59, Number 60 (Tuesday, March 29, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-7324]


[[Page Unknown]]

[Federal Register: March 29, 1994]


=======================================================================
-----------------------------------------------------------------------


FEDERAL EMERGENCY MANAGEMENT AGENCY
 

FEDERAL RESERVE SYSTEM

BankAmerica Corporation; Acquisition of Company Engaged in 
Nonbanking Activities

    The organization listed in this notice has applied under Sec.  
225.23(a) or (f) of the Board's Regulation Y (12 CFR 225.23(a) 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 engage in a nonbanking activity. 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 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 22, 1994.
    A. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
Director, Bank Holding Company) 101 Market Street, San Francisco, 
California 94105:
    1. BankAmerica Corporation, San Francisco, California, to engage 
through its wholly-owned subsidiary, BA Futures, Inc., Chicago, 
Illinois, in executing and clearing, and clearing without executing, 
futures and options on futures on certain non-financial commodities, 
only with respect to those contracts listed in the Bank of Monetreal 
Order, 79 Federal Reserve Bulletin 1049 (1993).

    Board of Governors of the Federal Reserve System, March 23, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-7321 Filed 3-28-94; 8:45 am]
BILLING CODE 6210-01-F
-----------------------------------------------------------------------


FEDERAL EMERGENCY MANAGEMENT AGENCY
Kerndt Bank Services, Inc.; Change in Bank Control Notices; 
Acquisitions of Shares of Banks or Bank Holding Companies; 
Correction

    This notice corrects a notice (FR Doc. 94-6500) published on page 
13323 of the issue for Monday, March 21, 1994.
    Under the Federal Reserve Bank of Chicago heading, the entry for 
Kerndt Bank Services is revised to read as follows:
    1. Kerndt Bank Services Inc., Lansing, Iowa, to acquire Peters 
Insurance Agency, Lansing, Iowa, and thereby engage in general 
insurance agency activities in a town with a population of less than 
5,000 people, pursuant to Sec.  225.25(b)(8)(iii) of the Board's 
Regulation Y.
    Comments on this application must be received by April 5, 1994.

    Board of Governors of the Federal Reserve System, March 23, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-7322 Filed 3-28-94; 8:45 am]
BILLING CODE 6210-01-F
-----------------------------------------------------------------------


FEDERAL EMERGENCY MANAGEMENT AGENCY
USBancorp, Inc., et al.; Formations of; Acquisitions by; and 
Mergers of Bank Holding Companies

    The companies listed in this notice have applied for the Board's 
approval under section 3 of the Bank Holding Company Act (12 U.S.C. 
1842) and Sec.  225.14 of the Board's Regulation Y (12 CFR 225.14) to 
become a bank holding company or to acquire a bank or bank holding 
company. The factors that are considered in acting on the applications 
are set forth in section 3(c) of the Act (12 U.S.C. 1842(c)).
    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 to the Reserve Bank or to the offices of the Board of 
Governors. Any comment on an application that requests a hearing must 
include a statement of why a written presentation would not suffice in 
lieu of a hearing, identifying specifically any questions of fact that 
are in dispute and summarizing the evidence that would be presented at 
a hearing.
    Unless otherwise noted, comments regarding each of these 
applications must be received not later than April 22, 1994.
    A. Federal Reserve Bank of Philadelphia (Thomas K. Desch, Vice 
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
    1. USBancorp, Inc., Johnstown, Pennsylvania, to acquire 100 percent 
of the voting shares of Johnstown Interim Bank, Johnstown, 
Pennsylvania, which will be formed to acquire Johnstown Savings Bank, 
Johnstown, Pennsylvania.
    B. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. First Bancorporation of Ohio, Akron, Ohio, to acquire 100 
percent of the voting shares of Peoples National Bank, Wooster, Ohio, 
which currently operates as Peoples Federal Savings Bank.
    C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Bellevue State Bank ESOP, Bellevue, Iowa, to become a bank 
holding company by acquiring Bellevue Service Company, Bellevue, Iowa, 
and thereby indirectly acquire Bellevue State Bank, Bellevue, Iowa.
    D. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. First Financial Bancshares, Inc., Sallisaw, Oklahoma, to become 
a bank holding company by acquiring 100 percent of the voting shares of 
First Sallisaw Bancshares, Inc., Sallisaw, Oklahoma, and thereby 
indirectly acquire The First National Bank, Sallisaw, Oklahoma. 
Applicant also proposes to acquire The First National Bank of Roland, 
Roland, Oklahoma, an independent bank.

    Board of Governors of the Federal Reserve System, March 23, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-7323 Filed 3-28-94; 8:45 am]
BILLING CODE 6210-01-F
-----------------------------------------------------------------------


FEDERAL EMERGENCY MANAGEMENT AGENCY
Valley Financial Corporation; 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 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 18, 1994.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Valley Financial Corporation, Caro, Michigan, to engage de novo 
in general insurance agency activities in Caro, Michigan, a town with a 
population of less than 5,000 people, pursuant to Sec.  
225.25(b)(8)(iii) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, March 23, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-7324 Filed 3-28-94; 8:45 am]
BILLING CODE 6210-01-F