[Federal Register Volume 60, Number 68 (Monday, April 10, 1995)]
[Notices]
[Page 18103]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8694]
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FEDERAL RESERVE SYSTEM
BayBanks, 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 24, 1995.
A. Federal Reserve Bank of Boston (Robert M. Brady, Vice President)
600 Atlantic Avenue, Boston, Massachusetts 02106:
1. BayBanks, Inc., Boston, Massachusetts; to acquire NFS Financial
Corp., Nashua, New Hampshire, and thereby engage in owning, controlling
and operating a savings association that engages only in deposit-taking
activities and lending and other activities, pursuant to Sec.
225.25(b)(9) of the Board's Regulation Y.
B. Federal Reserve Bank of New York (William L. Rutledge, Senior
Vice President) 33 Liberty Street, New York, New York 10045:
1. Deutsche Bank AG, Frankfurt (Main), Federal Republic of Germany;
to retain First Call Corporation, Boston, Massachusetts, and thereby
engage indirectly in providing data processing activities, pursuant to
Sec. 225.25(b)(7) of the Board's Regulation Y.
C. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. First American Corporation, Nashville, Tennessee; to acquire
Heritage Federal Bancshares, Inc., Kingsport, Tennessee, and thereby
indirectly acquire Heritage Federal Savings Bank, Kingsport, Tennessee,
and thereby engage in operating and savings and loan association,
pursuant to Sec. 225.25(b)(9) of the Board's Regulation Y. The
proposed activity will be conducted throughout the state of Tennessee.
Board of Governors of the Federal Reserve System, April 4, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-8694 Filed 4-7-95; 8:45 am]
BILLING CODE 6210-01-F