[Federal Register Volume 59, Number 86 (Thursday, May 5, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-10744]


[[Page Unknown]]

[Federal Register: May 5, 1994]


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FEDERAL RESERVE SYSTEM

 

First Fidelity Bancorporation, 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 May 
26, 1994.
    A. Federal Reserve Bank of Philadelphia (Thomas K. Desch, Vice 
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
    1. First Fidelity Bancorporation, Lawrenceville, New Jersey; to 
acquire First Inter-Bancorp Inc., Fishkill, New York, and its 
subsidiary Mid-Hudson Savings Bank FSB, Fishkill, New York, and thereby 
engage in savings association activities of deposit taking and lending 
pursuant to Sec.  225.25(b)(9) of the Board's Regulation Y.
    B. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. First Union Corporation, Charlotte, North Carolina; to acquire 
BancFlorida Financial Corporation, Naples, Florida, and its wholly 
owned subsidiary, BancFlorida, a Federal Savings Bank, Naples, Florida, 
and thereby engage in owning and operating a savings bank pursuant to 
Sec.  225.25(b)(9) of the Board's Regulation Y.
    C. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Community First Bankshares, Inc., Fargo, North Dakota; to 
acquire indirectly through its subsidiary, Community Insurance, Inc., 
Fargo, North Dakota, the assets of Key Insurance Agency, Gettysburg, 
South Dakota, and thereby engage in general insurance agency activities 
in a place (Gettysburg, South Dakota) with a population not exceeding 
5,000 pursuant to Sec.  225.25(b)(8)(iii) of the Board's Regulation Y. 
Comments on this application must be received by May 20, 1994.
    D. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
Director, Bank Holding Company and International Regulation) 101 Market 
Street, San Francisco, California 94105:
    1. BankAmerica Corporation, San Francisco, California; to acquire 
United Mortgage Holding Corporation; Bloomington, Minnesota, and 
thereby engage in originating and servicing first mortgages on 
residential property, and purchasing residential first mortgages 
originated by others, all pursuant to Sec.  225.25(b)(1) of the Board's 
Regulation Y.

    Board of Governors of the Federal Reserve System, April 29, 
1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-10744 Filed 5-4-94; 8:45 am]
BILLING CODE 6210-01-F