[Federal Register Volume 60, Number 60 (Wednesday, March 29, 1995)]
[Notices]
[Pages 16138-16139]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-7691]



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FEDERAL RESERVE SYSTEM

Union Bancshares of Campbell County, 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 April 12, 1995.
    A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303: [[Page 16139]] 
    1. Union Bancshares of Campbell County, Inc., Jellico, Tennessee; 
to retain 6.1 percent of its subsidiary Gem City Development 
Corporation, Jellico, Tennessee, and thereby engage in community, 
development activities, pursuant to Sec.  225.25(b)(6) of the Board's 
Regulation Y. The proposed activity will be conducted throughout the 
state of Tennessee.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. First Midwest Bancorp, Inc., to engage de novo in the purchasing 
of loan participations and the making of direct loans, pursuant to 
Sec.  225.25(b)(1) of the Board's Regulation Y.
    C. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. First Ainsworth Company, Ainsworth, Nebraska; to engage de novo 
through its subsidiary First National Agency of Ainsworth, Inc., 
Ainsworth, Nebraska, in securities brokerage activities, pursuant to 
Sec.  225.25(b)(15) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, March 23, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-7691 Filed 3-28-95; 8:45 am]
BILLING CODE 6210-01-F