[Federal Register Volume 59, Number 97 (Friday, May 20, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-12371]
[[Page Unknown]]
[Federal Register: May 20, 1994]
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FEDERAL RESERVE SYSTEM
Shamrock Holding, Inc., 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 June 10, 1994.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. Shamrock Holding, Inc., Evergreen, Alabama; to engage de novo
through its proposed subsidiary, Shamrock Insurance, Inc., Evergreen,
Alabama, in general insurance activities in a town of less than 5,000,
pursuant to Sec. 225.25(b)(8)(iii) of the Board's Regulation Y. These
activities will be conducted in Evergreen, Alabama.
B. Federal Reserve Bank of Chicago (David S. Epstein, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Garrett Bancshares, Ltd., Bloomfield, Iowa; to engage de novo in
the making and servicing of loans, for the one time extension of credit
to a principal of North Side of the Square, Inc., a wholly owned
subsidiary of Garrett Bancshares' subsidiary bank, Davis County Savings
Bank, Bloomfield, Iowa, pursuant to Sec. 225.25(b)(1) of the Board's
Regulation Y.
C. Federal Reserve Bank of Dallas (Genie D. Short, Vice President)
2200 North Pearl Street, Dallas, Texas 75201-2272:
1. Riverway Holdings, Inc., Houston, Texas; to engage de novo
through its subsidiary Riverway Financial Services, Inc., Houston,
Texas, in advising and providing investment advice to company and
providing portfolio investment advice to any other person, pursuant to
Sec. 225.25(b)(4) of the Board's Regulation Y.
2. Riverway Holdings of Delaware, Inc., Wilmington, Delaware; to
engage de novo through its subsidiary Riverway Financial Services,
Inc., Houston, Texas, in advising and providing investment advice to
company and providing portfolio investment advice to any other person,
pursuant to Sec. 225.25(b)(4) of the Board's Regulation Y.
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. Cupertino National Bancorp, Cupertino, California; to engage de
novo in purchasing loan participations from its sole subsidiary,
Cupertino National Bank, Cupertino, California, for the purpose of
providing the bank with overline (loans in excess of the Bank's legal
lending limit) capabilities for its customers, pursuant to Sec.
225.25(b)(1) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, May 16, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-12371 Filed 5-19-93; 8:45 am]
BILLING CODE 6210-01-F