[Federal Register Volume 59, Number 137 (Tuesday, July 19, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-17494]


[[Page Unknown]]

[Federal Register: July 19, 1994]


-----------------------------------------------------------------------


FEDERAL EMERGENCY MANAGEMENT AGENCY
 

 Johnson International, 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 12, 1994.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Johnson International, Inc., Racine, Wisconsin; to acquire 
Seaboard Savings Bank, F.S.B., Stuart, Florida, and thereby engage in 
nonbanking activities of operating a savings association pursuant to 
Sec.  225.25(b)(9) of the Board's Regulation Y.
    B. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Norwest Corporation, Minneapolis, Minnesota; Norwest Financial 
Services, Inc., Des Moines, Iowa; and Norwest Financial, Inc., Des 
Moines, Iowa; to acquire Norwest Financial Guam, Inc., Guam, and 
thereby engage in making loans pursuant to Sec.  225.25(b)(1) of the 
Board's Regulation Y and to engage in general insurance agency 
activities pursuant to Sec.  225.25(b)(8)(vii) of the Board's 
Regulation Y.  Comments on this application must be received by August 
2, 1994.

    Board of Governors of the Federal Reserve System, July 13, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-17494 Filed 7-18-94; 8:45 am]
BILLING CODE 6210-01-F