[Federal Register Volume 60, Number 64 (Tuesday, April 4, 1995)]
[Notices]
[Page 17064]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8157]



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FEDERAL RESERVE SYSTEM

Mercantile Bancorporation Inc., 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 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 
April 18, 1995.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Mercantile Bancorporation Inc., St. Louis, Missouri; to acquire 
Plains Spirit Financial Corporation, Davenport, Iowa, and thereby 
indirectly acquire First Federal Savings Bank of Iowa, Davenport, Iowa, 
and engage in operating a savings association, whose activities include 
taking deposits and lending funds for residential, commercial, and 
consumer purposes, pursuant to Sec.  225.23(b)(9) of the Board's 
Regulation Y; and in the sale of credit related insurance products, 
pursuant to Sec.  225.25(b)(8)(i) of the Board's Regulation Y.
    B. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. National City Corporation, Cleveland, Ohio; to acquire United 
Bancorp of Kentucky, Inc., Lexington, Kentucky, and thereby indirectly 
acquire its subsidiary, Computer Bank Services, Inc. Lexington, 
Kentucky, and engage in permissible data processing activities, 
pursuant to Sec.  225.25(b)(7) of the Board's Regulation Y. Upon 
consummation, the data processing operations of Computer Bank Services, 
Inc., will be consolidated with those of National City Corporation.

    Board of Governors of the Federal Reserve System, March 29, 
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-8157 Filed 4-3-95; 8:45 am]
BILLING CODE 6210-01-F