[Federal Register Volume 60, Number 171 (Tuesday, September 5, 1995)]
[Notices]
[Pages 46126-46127]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-21981]



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FEDERAL RESERVE SYSTEM

NBD Bancorp, Inc.; Formation of, Acquisition by, or Merger of 
Bank Holding Companies; and Acquisition of Nonbanking Company

    The company listed in this notice has applied under Sec.  225.14 of 
the Board's Regulation Y (12 CFR 225.14) for the Board's approval under 
section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to become a 
bank holding company or to acquire voting securities of a bank or bank 
holding company. The listed company has also applied under Sec.  
225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) 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, or to engage in such an activity. Unless otherwise 
noted, these 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 29, 1995.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. NBD Bancorp, Inc., Detroit Michigan (NBD Bancorp); to acquire 
First Chicago Corporation, Chicago, 

[[Page 46127]]
Illinois, and American National Corporation, Chicago, Illinois, and 
thereby indirectly acquire First National Bank of Chicago, Chicago, 
Illinois, FCC National Bank, Wilmington, Delaware, and American 
National Bank & Trust Company, Chicago, Illinois.
    In connection with this application, NBD Bancorp also has applied 
to acquire ANB Mezzanine Corporation, Chicago, Illinois, and thereby 
engage in making, acquiring, and servicing loans or other extensions of 
credit, pursuant to Sec.  225.25(b)(1) of the Board's Regulation Y; 
Cash Station, Inc., Chicago, Illinois, and thereby engage in data 
processing activities, pursuant to Sec.  225.25(b)(7) of the Board's 
Regulation Y; First Capital Corporation of Chicago, Chicago, Illinois, 
and thereby engage in making, acquiring, and servicing loans or other 
extensions of credit, pursuant to Sec.  225.25(b)(1) of the Board's 
Regulation Y; First Chicago Capital Markets, Inc., Chicago, Illinois, 
and thereby engage in providing financial and transaction advice, in 
providing full-service securities brokerage services, and in 
underwriting and dealing in securities that state member banks are 
permitted to underwrite and deal in, pursuant to Sec.  225.25(b)(4), 
(15), and (16), as well as the following: underwriting and dealing, to 
a limited extent, in certain debt securities that a state member bank 
may not underwrite or deal in, purchasing and selling securities as a 
``riskless principal,'' and acting as an agent in the private placement 
of securities, all pursuant to First Chicago Corporation, 74 Federal 
Reserve Bulletin 706 (1988) and First Chicago Corporation, 80 Federal 
Reserve Bulletin 448 (1994); First Chicago Investment Corporation, 
Chicago, Illinois, and thereby engage in making, acquiring, and 
servicing loans or other extensions of credit, pursuant to Sec.  
225.25(b)(1) of the Board's Regulation Y; First Chicago Lease Holding, 
Inc., Chicago, Illinois, and thereby engage in commercial leasing 
activities, pursuant to Sec.  225.25(b)(5) of the Board's Regulation Y; 
First Chicago Leasing Corporation, Chicago, Illinois, and thereby 
engage in making, acquiring, and servicing loans, or other extensions 
of credit, commercial leasing activities, and community development 
activities, pursuant to Sec.  225.25(b)(1), (5), and (6) of the Board's 
Regulation Y; First Chicago Realty Corporation, Chicago, Illinois, and 
thereby engage in making, acquiring, and servicing loans or other 
extensions of credit, pursuant to Sec.  225.25(b)(1) of the Board's 
Regulation Y; Palo Verde Lease Holdings, Inc., Chicago, Illinois, and 
thereby engage in commercial leasing activities, pursuant to Sec.  
225.25(b)(5) of the Board's Regulation Y; First Chicago Trust Company 
of New York, New York, New York, and thereby engage in performing 
functions and activities that may be performed by a trust company, 
pursuant to Sec.  225.25(b)(3); and G-W Life Insurance Company, 
Phoenix, Arizona, and thereby engage in underwriting credit life, 
accident and health insurance related to certain extensions of credit, 
pursuant to Sec.  225.25(b)(8)(i) of the Board's Regulation Y.
    NBD Bancorp, Inc., also has applied to exercise an option to 
acquire up to 19.9 percent of the voting shares of First Chicago 
Corporation, and American National Corporation, both of Chicago, 
Illinois.
    In addition, First Chicago Corporation, Chicago, Illinois (First 
Chicago), has applied to exercise an option to acquire up to 19.9 
percent of the voting shares of NBD Bancorp, Inc., Detroit, Michigan, 
NBD Indiana, Inc., Indianapolis, Indiana, and NBD Illinois, Inc., Park 
Ridge, Illinois, and thereby acquire NBD Bank, Detroit, Michigan, NBD 
Bank, N.A., Indianapolis, Indiana, NBD Bank, Elkhart, Indiana, NBD 
Bank, Wheaton, Illinois, NBD Bank, N.A., Skokie, Illinois, NBD Bank, 
Columbus, Ohio, and National Bank of Detroit-Dearborn, Dearborn, 
Michigan.
    In connection with this application, First Chicago also has applied 
to acquire NBD Bank, FSB, Venice, Florida, and Deerfield Federal 
Savings & Loan Association, Deerfield, Illinois, and thereby engage in 
operating a savings association, pursuant to Sec.  225.25(b)(9) of 
Regulation Y; ML Inc., Detroit, Michigan, and thereby engage in data 
processing activities, pursuant to Sec.  225.25(b)(7) of the Board's 
Regulation Y; NBD Insurance Agency, Inc., Detroit, Michigan, and 
thereby engage in insurance agency activities related to extensions of 
credit, pursuant to Sec.  225.25(b)(8)(i) of Regulation Y; NBD 
Insurance Company, Detroit, Michigan, and thereby engage in insurance 
agency activities related to extensions of credit, pursuant to Sec.  
225.25(b)(8)(i) of Regulation Y; BHC Financial, Inc., Philadelphia, 
Pennsylvania, and thereby engage in securities brokerage activities, 
pursuant to Sec.  225.25(b)(15); NBD Mortgage Company, Detroit, 
Michigan, and thereby engage in making, acquiring, and servicing loans 
or other extensions of credit, pursuant to Sec.  225.25(b)(1) of 
Regulation Y; NBD Service Corporation, Belleville, Michigan, and 
thereby engage in data processing activities, pursuant to Sec.  
225.25(b)(7) of the Board's Regulation Y; NBD Securities, Inc., 
Detroit, Michigan, and thereby engage in securities brokerage 
activities, pursuant to Sec.  225.25(b)(15) of Regulation Y; FNW 
Capital, Inc., Mount Prospect, Illinois, and thereby engage in 
commercial leasing, pursuant to Sec.  225.25(b)(5) of Regulation Y; NBD 
Community Development Corporation, Detroit, Michigan, and thereby 
engage in community development activities, pursuant to Sec.  
225.25(b)(6) of Regulation Y; NBD Financial Services of Michigan, Inc., 
Traverse City, Michigan, and thereby engage in providing investment or 
financial advice, pursuant to Sec.  225.25(b)(4) of Regulation Y; NBD 
Brokerage Services, Inc., Indianapolis, Indiana, and thereby engage in 
securities brokerage activities, pursuant to Sec.  225.25(b)(15) of 
Regulation Y; Charter Agency, Incorporated, Northfield, Illinois, and 
thereby engage in insurance agency activities, pursuant to Sec.  
225.25(b)(8) of Regulation Y; Corporate Funding Inc., Grand Rapids, 
Michigan, and thereby engage in commercial leasing, pursuant to Sec.  
225.25(b)(5) of Regulation Y; NBD Leasing, Inc., Indianapolis, Indiana, 
and thereby engage in commercial leasing, pursuant to Sec.  
225.25(b)(5) of Regulation Y; NBD Neighborhood Revitalization 
Corporation, Indianapolis, Indiana, and thereby engage in community 
development activities, pursuant to Sec.  225.25(b)(6) of Regulation Y; 
and NBD Real Estate Services, Indianapolis, Indiana, and thereby engage 
in making, acquiring, and servicing loans or other extensions of 
credit, leasing real property, insurance agency activities related to 
extensions of credit, management consulting, and real estate 
appraising, pursuant to Sec.  225.25(b)(1), (5), (8), (11), and (13) of 
Regulation Y.

    Board of Governors of the Federal Reserve System, August 30, 
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-21981 Filed 9-1-95; 8:45 am]
BILLING CODE 6210-01-F