[Federal Register Volume 60, Number 121 (Friday, June 23, 1995)] [Notices] [Pages 32680-32681] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 95-15413] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Regions Financial 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 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 [[Page 32681]] must be received at the Reserve Bank indicated for the application or the offices of the Board of Governors not later than July 7, 1995. A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 104 Marietta Street, N.W., Atlanta, Georgia 30303: 1. Regions Financial Corporation, Birmingham, Alabama; to acquire Interstate Billing Service, Inc., Decatur, Alabama, and thereby engage in the business of purchasing accounts receivable at a discount from automobile dealerships and trucking/freight companies, pursuant to Sec. 225.25(b)(1)(v) of the Board's Regulation Y. B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63166: 1. National Commerce Bancorporation, Memphis, Tennessee; to acquire Transplatinum Service Corp., Nashville, Tennessee, and thereby engage in providing data processing and data transmission services (including data processing and transmission hardware, software, documentation and operating personnel) and data bases, pursuant to Sec. 225.25(b)(7) of the Board's Regulation Y. C. 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 Investment Services, Inc., Minneapolis, Minnesota, the brokerage business of Valley-Hi National Bank, San Antonio, Texas. The geographic scope for these activities is Texas. D. Federal Reserve Bank of San Francisco (Kenneth R. Binning, Director, Bank Holding Company) 101 Market Street, San Francisco, California 94105: 1. First Hawaiian, Inc., Honolulu, Hawaii; to expand the geographic scot of its subsidiary, First Hawaiian Leasing, Inc., Honolulu, Hawaii, which engages in leasing personal and real property, pursuant to Sec. 225.25(b)(5) of the Board's Regulation Y. The geographic scope for this activity is expanded and will be conducted on a world-wide basis. Board of Governors of the Federal Reserve System, June 19, 1995. Jennifer J. Johnson, Deputy Secretary of the Board. [FR Doc. 95-15413 Filed 6-22-95; 8:45 am] BILLING CODE 6210-01-F