[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]



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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