[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]


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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