[Federal Register Volume 59, Number 175 (Monday, September 12, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-22474]


[[Page Unknown]]

[Federal Register: September 12, 1994]


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FEDERAL RESERVE SYSTEM
 

Pikeville National Corporation, et al.; Notice of Applications to 
Engage de novo in Permissible Nonbanking Activities

    The companies listed in this notice have 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.
    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 the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than September 28, 1994.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Pikeville National Corporation, Lexington, Kentucky; to engage 
de novo through its subsidiary KenTrust Capital Management, Inc., 
Lexington, Kentucky, in investment or financial advisory activities, 
pursuant to Sec.  225.25(b)(4) of the Board's Regulation Y; providing 
management consulting advice to non-affiliated bank and non-bank 
depository institutions, pursuant to Sec.  225.25(b)(11) of the Board's 
Regulation Y; providing brokerage services, related securities credit 
activities, pursuant to Sec.  225.25(b)(15) of the Board's Regulation 
Y; underwriting and dealing in bank-eligible securities, pursuant to 
Sec.  225.25(b)(16) of the Board's Regulation Y; providing foreign 
exchange advisory and transactional services, pursuant to Sec.  
225.25(b)(17) of the Board's Regulation Y; and making and servicing 
loans, pursuant to Sec.  225.25(b)(1) of the Board's Regulation Y. In 
connection with the above-captioned activities, Application also 
proposes to offer advice on and/or conduct FASB 115 monitoring and 
FFIEC testing of securities; asset/liability structuring and 
monitoring; GAP and interest rate analysis; and investment policy 
review, pursuant to Sec.  225.25(b)(11) of the Board's Regulation Y.
    B. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. International Bancshares Corporation, Laredo, Texas; to engage 
de novo in the activity of making loans to certain of its executive 
officers, directors, affiliates and principal shareholders and to 
certain executive officers and directors and their related interests of 
its wholly-owned subsidiary banks, pursuant to Sec.  225.25(b)(1) of 
the Board's Regulation Y. The geographic scope for this activity is the 
State of Texas.

    Board of Governors of the Federal Reserve System, September 7, 
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-22474 Filed 9-9-94; 8:45 am]
BILLING CODE 6210-01-F