[Federal Register Volume 59, Number 134 (Thursday, July 14, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-17071]


[[Page Unknown]]

[Federal Register: July 14, 1994]


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FEDERAL MARITIME COMMISSION
 

Peoples Bancorp, Inc., et al.; Acquisitions of Companies Engaged 
in Permissible Nonbanking Activities

    The organizations listed in this notice have applied under Sec.  
225.23(a)(2) or (f) of the Board's Regulation Y (12 CFR 225.23(a)(2) or 
(f)) 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 acquire or control voting securities or assets of 
a company engaged 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 each of these 
applications must be received at the Reserve Bank indicated for the 
application or the offices of the Board of Governors not later than 
August 8, 1994.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Peoples Bancorp, Inc., Marietta, Ohio, to acquire 11.67 percent 
of the voting shares of Woodsfield Savings & Loan Company, Woodsfield, 
Ohio, and thereby acquire and hold as an investment shares of the 
target. The target engages in permissible savings association 
activities pursuant to Sec.  225.25(b)(9) of the Board's Regulation Y.
    2. United Bancorp of Kentucky, Inc., Lexington, Kentucky, to 
acquire 100 percent of the voting shares of Harlan Federal Bank, a 
Federal Savings Bank, Harlan, Kentucky, and thereby engage in operating 
a savings association pursuant to Sec.  225.25(b)(9) of the Board's 
Regulation Y.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Old Kent Financial Corporation, Grand Rapids, Michigan, to 
engage in investing in community housing projects by making equity 
investments in the Michigan Capital Fund for Housing Limited 
Partnership I, pursuant to Sec.  225.25(b)(6) of the Board's Regulation 
Y. This activity will be conducted in the State of Michigan. Comments 
regarding this application must be received at the Reserve Bank 
indicated not later than July 28, 1994.

    Board of Governors of the Federal Reserve System, July 8, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-17071 Filed 7-13-94; 8:45 am]
BILLING CODE 6210-01-F