[Federal Register Volume 60, Number 123 (Tuesday, June 27, 1995)]
[Notices]
[Page 33209]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-15670]



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FEDERAL RESERVE SYSTEM

The Bank of New York Company, 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 
July 11, 1995.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. The Bank of New York Company, Inc., New York, New York; to 
acquire through its subsidiary, The Bank of New York Trust Company of 
California, Los Angeles, California, certain trust assets of 
BankAmerica Corporation and its subsidiaries, and thereby engage in 
trust activities, pursuant to Sec.  225.25(b)(3) of the Board's 
Regulation Y.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Community Trust Financial Services Corporation, Hiram, Georgia; 
to acquire Community Loan Company, Hiram, Georgia, a joint venture with 
Danny H. Drummond, which will acquire Credit Services of Woodstock, 
Woodstock, Georgia, and thereby engage in consumer finance activities, 
pursuant to Sec.  225.25(b)(1)(i) of the Board's Regulation Y. The 
proposed activity will be conducted throughout the State of Georgia.

    Board of Governors of the Federal Reserve System, June 21, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-15670 Filed 6-26-95; 8:45 am]
BILLING CODE 6210-01-F