[Federal Register Volume 60, Number 171 (Tuesday, September 5, 1995)]
[Notices]
[Pages 46125-46126]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-21895]



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FEDERAL RESERVE SYSTEM

First Bank System, Inc.; Formation of, Acquisition by, or Merger 
of Bank Holding Companies

    The company listed in this notice has applied for the Board's 
approval under section 3 of the Bank Holding Company Act (12 U.S.C. 
1842) and Sec.  225.14 of the Board's Regulation Y (12 CFR 225.14) to 
become a bank holding company or to acquire a bank or bank holding 
company. The factors that are considered in acting on the applications 
are set forth in section 3(c) of the Act (12 U.S.C. 1842(c)).
    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 to the Reserve Bank indicated for that application or to the 
offices of the Board of Governors. Any comment on an application that 
requests a hearing must 

[[Page 46126]]
include a statement of why a written presentation would not suffice in 
lieu of a hearing, identifying specifically any questions of fact that 
are in dispute and summarizing the evidence that would be presented at 
a hearing.
    Comments regarding this application must be received not later than 
September 20, 1995.
    A. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. First Bank System, Inc., Minneapolis, Minnesota; to merge with 
Midwestern Services, Inc., Omaha, Nebraska, and thereby indirectly 
acquire First Bank, Omaha, Nebraska.
    2. First Bank System, Inc., Minneapolis, Minnesota; to merge with 
Southwest Holdings, Inc., Omaha, Nebraska, and thereby indirectly 
acquire Southwest Bank and Trust Company of Omaha, Omaha, Nebraska.
    In connection with this application, Applicant also has applied to 
acquire SWH & K Partnership, Omaha, Nebraska, and thereby engage in 
reinsurance of credit life and disability insurance, pursuant to Sec.  
225.25(b)(8)(i) of the Board's Regulation Y. The geographic scope for 
these activities is Nebraska.
    In connection with both applications described above, Applicant 
also has applied to acquire FBS Interim Bank, FSB, Omaha, Nebraska, and 
thereby engage in operating a thrift subsidiary, pursuant to Sec.  
225.25(b)(9) of the Board's Regulation Y. This interim thrift will be 
used to facilitate the purchase of First Bank, Omaha, Nebraska and 
Southwest Bank and Trust Company of Omaha, Omaha, Nebraska. After these 
acquisitions, the thrift will be merged into a newly chartered national 
bank and will cease to exist. The geographic scope for these activities 
is Nebraska.

    Board of Governors of the Federal Reserve System, August 29, 
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-21895 Filed 9-1-95; 8:45 am]
BILLING CODE 6210-01-F