[Federal Register Volume 59, Number 113 (Tuesday, June 14, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-14366]


[[Page Unknown]]

[Federal Register: June 14, 1994]


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FEDERAL RESERVE SYSTEM
 
FEDERAL RESERVE SYSTEM
BNCCORP, 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 novio, 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 outweight 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 
July 5, 1994.
    A. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. BNCCORP, INC., Bismarck, North Dakota; to engage de novo in 
providing management consulting to nonaffiliated bank and nonbank 
depository institutions pursuant to Sec. 225.25(b)(11) of the Board's 
regulation Y. These activities will be conducted in North Dakota, South 
Dakota, Minnesota, and Montana.

    Board of Governors of the Federal Reserve System, June 7, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-14366 Filed 6-13-94; 8:45 am]
BILLING CODE 6210-01-F