[Federal Register Volume 60, Number 158 (Wednesday, August 16, 1995)]
[Notices]
[Page 42569]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20234]
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FEDERAL RESERVE SYSTEM
National Westminster Bank PLC, 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
August 30, 1995.
A. Federal Reserve Bank of New York (William L. Rutledge, Senior
Vice President) 33 Liberty Street, New York, New York 10045:
1. National Westminster Bank PLC, London, England; Natwest Holdings
Inc., New York, New York; and National Westminster Bancorp Inc., Jersey
City, New Jersey; to acquire Natwest Leasing Corporation, New York, New
York (Company), and thereby engage in making, acquiring, or servicing
loans or other extensions of credit for Company's own accounts or for
the account of others, such as would be made, acquired or serviced by a
commercial finance company, pursuant to Sec. 225.25 (b)(1) of the
Board's Regulation Y; in leasing personal and real property having a
maximum estimated residual value of 25 percent of the acquisition cost
of the property, and to act as an agent, broker or adviser in leasing
such property, pursuant to Sec. 225.25(b)(5)(i) of the Board's
Regulation Y; and in high residual value leasing of tangible personal
property, and to act as agent, broker or adviser in leasing such
property, in transactions in which the lessor would be allowed to rely
upon an estimated residual value in excess of 25 of the acquisition
cost of the property, pursuant to Sec. 225.25(b)(5)(ii) of the Board's
Regulation Y. These activities will be conducted worldwide.
B. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105:
1. Keystone Financial, Inc., Harrisburg, Pennsylvania; to acquire
Martindale Andres & Company, Inc., West Conshohocken, Pennsylvania, and
thereby engage in investment advisory services, pursuant to Sec.
225.25(b)(4) of the Board's Regulation Y.
C. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
1. First Financial Bancorp, Hamilton, Ohio; to acquire Independent
Bankers Life Insurance Company of Indiana, Roachdale, Indiana, and
thereby engage in underwriting credit life, accident, and health
insurance, pursuant to Sec. 225.25(b)(8)(i) of the Board's Regulation
Y. These activities will be conducted within the State of Indiana.
D. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690:
1. Carroll County Bancshares, Inc., Carroll, Iowa; to establish a
wholly owned industrial loan company, Carroll Credit, Inc., Carroll,
Iowa, which will acquire a substantial portion of the assets of
Personal Lenders, Inc., Carroll, Iowa, and thereby engage in operating
an industrial loan company, pursuant to Sec. 225.25(b)(2) of the
Board's Regulation Y.
Board of Governors of the Federal Reserve System, August 10,
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-20234 Filed 8-15-95; 8:45 am]
BILLING CODE 6210-01-F