[Federal Register Volume 60, Number 13 (Friday, January 20, 1995)]
[Notices]
[Page 4167]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1434]



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FEDERAL RESERVE SYSTEM


Societe Generale, 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 February 2, 1995.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Societe Generale, Paris France; to engage de novo through its 
subsidiary Societe Generale Financial Corp., New York, New York, in 
higher-residual-value leasing activities to the extent permitted by, 
and subject to the limitations of, Sec.  225.25(b)(5)(ii) of the 
Board's Regulation Y.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Nashville Holding Company, Nashville, Georgia; to engage de novo 
in making, acquiring, or servicing loans or other extensions of credit 
pursuant to section 4(c)(8) of the Bank Holding Company Act and Sec.  
225.25(b)(1) of the Board's Regulation Y. The proposed activity will be 
conducted throughout the State of Georgia.

    Board of Governors of the Federal Reserve System, January 13, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-1434 Filed 1-19-95; 8:45 am]
BILLING CODE 6210-01-F