[Federal Register Volume 59, Number 153 (Wednesday, August 10, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-19488]


[[Page Unknown]]

[Federal Register: August 10, 1994]


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FEDERAL RESERVE SYSTEM
 

 North Fork Bancorporation, 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 
September 2, 1994.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. North Fork Bancorporation, Mattituck, New York; to acquire Metro 
Bancshares Inc., Jericho, New York; and thereby indirectly acquire 
Bayside Federal Savings Bank, Jericho, New York, and thereby engage in 
operating a savings association pursuant to section 225.25(b)(9) of the 
Board's Regulation Y. It is also intended that Bayside Federal Savings 
Bank be merged with and into North Fork Bancorporation's subsidiary, 
North Fork Bank, Mattituck, New York.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. First Bank Shares of the South East, Inc., Alma, Georgia; to 
acquire Full Service Financial, Inc., Nicholls, Georgia, and thereby 
engage in credit-related insurance activity pursuant to sections 
225.25(b)(1)(i) and 225.25(b)(8)(i) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, August 4, 
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-19488 Filed 8-9-94; 8:45 am]
BILLING CODE 6210-01-F