[Federal Register Volume 59, Number 201 (Wednesday, October 19, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-25858]


[[Page Unknown]]

[Federal Register: October 19, 1994]


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FEDERAL RESERVE SYSTEM

 

Alpha Financial Group, Inc., 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 November 8, 1994.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Alpha Financial Group, Inc., Minonk, Illinois; to engage de novo 
through its subsidiary Alpha Financial Services, Inc., Toluca, 
Illinois, in providing discount brokerage services, pursuant to Sec.  
225.25(b)(15) of the Board's Regulation Y.
    2. Castle BancGroup, Inc., DeKalb, Illinois; to engage de novo in 
providing data processing services to others pursuant to Sec.  
225.25(b)(7) of the Board's Regulation Y.
    B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Mountain Bancshares, Inc. Newport, Minnesota; to engage de novo 
in making, acquiring or servicing loans or other extensions of credit, 
pursuant to Sec.  225.25(b)(1).
    C. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Riverway Holdings, Inc., Houston, Texas, and Riverway Holdings 
of Delaware, Inc., Wilmington, Delaware; to engage de novo through its 
subsidiary Riverway Financial Services, Inc., Houston, Texas, in 
advising and providing investment advice to company and providing 
portfolio investment advice to any other person, pursuant to Sec.  
225.25(b)(4) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, October 13, 
1994.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 94-25858 Filed 10-18-94; 8:45 am]
BILLING CODE 6210-01-F