[Federal Register Volume 59, Number 120 (Thursday, June 23, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-15268]
[[Page Unknown]]
[Federal Register: June 23, 1994]
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FEDERAL MARITIME COMMISSION
FEDERAL RESERVE SYSTEM
The Bank of New York Company, 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 July 13, 1994.
A. Federal Reserve Bank of New York (William L. Rutledge, Senior
Vice President) 33 Liberty Street, New York, New York 10045:
1. The Bank of New York Company, Inc., New York, New York; to
engage de novo in making, acquiring, or servicing loans or other
extensions of credit (including issuing letters of credit and accepting
drafts), either secured or unsecured, for its own account and for the
account of others pursuant to Sec. 225.25(b)(1) of the Board's
Regulation Y.
B. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
1. Farmers BancCorp, Nicholasville, Kentucky; to engage de novo
through its subsidiary, Farmers Financial Credit Co., Nicholasville,
Kentucky, in consumer finance activities pursuant to Sec. 225.25(b)(1)
of the Board's Regulation Y.
C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Hawkeye Bancorporation, Des Moines, Iowa; to engage de novo
through its subsidiary, Hawkeye Guaranteed Loans, Inc., Des Moines,
Iowa, in making, acquiring, or servicing loans or other extensions of
credit pursuant to Sec. 225.25(b)(1) of the Board's Regulation Y.
D. Federal Reserve Bank of Kansas City (Stephen E. McBride,
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri
64198:
1. Community Bancs of Oklahoma, Inc., Tulsa, Oklahoma; to engage de
novo in the acquiring and servicing of loans pursuant to Sec.
225.25(b)(1) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, June 17, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-15268 Filed 6-22-94; 8:45 am]
BILLING CODE 6210-01-F