[Federal Register Volume 60, Number 163 (Wednesday, August 23, 1995)]
[Notices]
[Page 43800]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-20914]
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FEDERAL RESERVE SYSTEM
State Street Boston Corporation, et al.; Notice of Application 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 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.
The 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.
Comments regarding the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
September 5, 1995
A. Federal Reserve Bank of Boston (Robert M. Brady, Vice President)
600 Atlantic Avenue, Boston, Massachusetts 02106:
1. State Street Boston Corporation, Boston, Massachusetts; to
establish, through its subsidiary, Boston Financial Data Services,
Inc., Quincy, Massachusetts, a de novo joint venture, BancBoston State
Street Investor Services, L.P., Canton, Massachusetts, with The First
National Bank of Boston, N.A., Boston, Massachusetts, as co-venturer,
and thereby engage in performing functions and activities that may be
performed by a trust company and providing data processing and data
transmission services, pursuant to Sec. 225.25(b)(3) and (b)(7) of the
Board's Regulation Y. Boston Financial Data Services, Inc. is equally
owned by State Street Boston Corporation and DST Systems, Inc.
B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice
President) 925 Grand Avenue, Kansas City, Missouri 64198:
1. First York Ban Corp., York, Nebraska; and Albion National
Management Company, Albion, Nebraska, to acquire Bartlett Savings &
Loan Association, Bartlett, Nebraska, and thereby engage in owning,
controlling, and operating a savings association, pursuant to Sec.
225.25(b)(9) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, August 17,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-20914 Filed 8-22-95; 8:45 am]
BILLING CODE 6210-01-F