[Federal Register Volume 60, Number 149 (Thursday, August 3, 1995)]
[Notices]
[Pages 39739-39740]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-19102]



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FEDERAL RESERVE SYSTEM

JDOB, Inc., et al.; Notice of Applications to Engage de novo in 
Permissible Nonbanking Activities

    The companies listed in this notice have filed an application under 
Sec.  225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1)) 
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 commence or to engage de novo, either directly or 
through a subsidiary, in a nonbanking 

[[Page 39740]]
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 the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than August 18, 1995.
    A. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. JDOB, Inc., Sandstone, Minnesota; to engage de novo in making 
loans for its own account, purchasing overlines from its subsidiary 
bank, investing in loans originated by third parties pursuant to Sec.  
225.25(b)(1) of the Board's Regulation Y.
    2. New York Mills Bancshares, Inc., New York Mills, Minnesota; to 
engage de novo in lending activities, pursuant to Sec.  225.25(b)(1) of 
the Board's Regulation Y. These activities will be conducted throughout 
the State of Minnesota.
    B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Coronado, Inc., Sterling, Kansas; to engage de novo through its 
subsidiary, Farmers State Agency, Inc., Sterling, Kansas; in acting as 
a full service securities broker, pursuant to Sec.  225.25(b)(15)(ii) 
of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, July 28, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-19102 Filed 8-2-95; 8:45 am]
BILLING CODE 6210-01-F