[Federal Register Volume 60, Number 30 (Tuesday, February 14, 1995)]
[Notices]
[Pages 8387-8388]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-3614]



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FEDERAL RESERVE SYSTEM


City Holding Company; Notice of Application To Engage de novo in 
Permissible Nonbanking Activities

    The company listed in this notice has 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.
    The application is available for immediate inspection at the 
Federal Reserve Bank indicated. Once the [[Page 8388]] 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.
    Comments regarding the application must be received at the Reserve 
Bank indicated or the offices of the Board of Governors not later than 
February 28, 1995.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. City Holding Company, Charleston, West Virginia; to engage de 
novo in providing to non-affiliated financial institutions data 
processing services for processing the user bank's deposit and loan 
applications pursuant to Sec.  225.25(b)(7) of the Board's Regulation 
Y. These activities will take place in West Virginia, Ohio, Kentucky, 
Virginia, Maryland, and Pennsylvania.

    Board of Governors of the Federal Reserve System, February 8, 
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-3614 Filed 2-13-95; 8:45 am]
BILLING CODE 6210-01-F