[Federal Register Volume 59, Number 128 (Wednesday, July 6, 1994)] [Unknown Section] [Page 0] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 94-16291] [[Page Unknown]] [Federal Register: July 6, 1994] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Trans Financial Bancorp, 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 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 July 29, 1994. A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63166: 1. Trans Financial Bancorp, Inc., Bowling Green, Kentucky, to engage de novo, through indirect nonbank subsidiaries, Tran Financial Service Corporation, Tullahoma, Tennessee and General Service Corporation, Russellville, Kentucky, in full service securities brokerage activities and in fixed and variable rate annuity sales activities in places where the applicant's thrift subsidiaries have lending offices that have populations not exceeding 5,000, pursuant to Secs. 225.25(b)(4) and (15)(ii) and Sec. 225.25(b)(8)(iii) of the Board's Regulation Y. The applicant also plans to engage in riskless principal transactions, which has been approved by Board order. Bankers Trust New York Corporation, 75 Federal Reserve Bulletin 829 (1989); Cardinal Bancshares, Inc., 80 Federal Reserve Bulletin 447 (1994). Nationwide scope for full service brokerage activities and riskless principal activities. For annuity sales activities, in Auburn, Kentucky, and Mt. Pleasant and Kingston, Tennessee, and any future offices acquired or established by the applicant's thrift subsidiaries that are located in towns with populations not exceeding 5,000. Board of Governors of the Federal Reserve System, June 29, 1994. Jennifer J. Johnson, Associate Secretary of the Board. [FR Doc. 94-16291 Filed 7-5-94; 8:45 am] BILLING CODE 6210-01-F