[Federal Register Volume 59, Number 173 (Thursday, September 8, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-22095]


[[Page Unknown]]

[Federal Register: September 8, 1994]


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FEDERAL RESERVE SYSTEM

 

 American 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 
thanSeptember 30, 1994.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. American Bancorporation, Wheeling, West Virginia; to acquire 
loan servicing rights of Buckeye Savings Bank, Bellaire, Ohio, through 
its wholly-owned subsidiary, American Mortgages, Inc., and engage in 
making, acquiring, and servicing loans under Sec.  225.25(b)(1) of the 
Board's Regulation Y.
    2. National City Corporation, Cleveland, Ohio; to acquire Central 
Indiana Bancorp, Kokoma, Indiana, and thereby indirectly acquire First 
Federal Savings Bank of Kokomo, Kokomo, Indiana, 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. St. Francis Capital Corporation, Milwaukee, Wisconsin; to 
acquire St. Francis Insurance Corporation, Milwaukee, Wisconsin, a 
wholly-owned subsidiary of St. Francis Bank, F.S.B., Milwaukee, 
Wisconsin, and thereby engage in acting as an agent and broker for 
insurance that is directly related to an extension of credit, pursuant 
to Sec. 225.25(b)(8)(i) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, September 1, 
1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-22095 Filed 9-7-94; 8:45 am]
BILLING CODE 6210-01-F