[Federal Register Volume 60, Number 47 (Friday, March 10, 1995)]
[Notices]
[Pages 13157-13158]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-5928]



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FEDERAL RESERVE SYSTEM


Cass Commercial Corporation, 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 [[Page 13158]] 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 than 
March 24, 1995.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Cass Commercial Corporation, St. Louis, Missouri; to acquire 
Cass Information Systems, Inc., St. Louis, Missouri (formerly Cass 
Logistics, Inc.), and thereby engage in acquiring and holding credit 
card receivables generated by an affiliated bank, including acting as 
the soliciting agent for the affiliated bank, pursuant to Sec.  
225.25(b)(1)(ii), of the Board's Regulation Y.
    B. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Norwest Corporation, Minneapolis, Minnesota; to acquire, through 
its subsidiary Norwest Mortgage Inc., Des Moines, Iowa, the mortgage 
origination and servicing business of First National Bank of Parker, 
Parker, Colorado, and thereby engage in mortgage lending and servicing 
activities, pursuant to Sec.  225.25(b)(1) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, March 6, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-5928 Filed 3-9-95; 8:45 am]
BILLING CODE 6210-01-F