[Federal Register Volume 60, Number 189 (Friday, September 29, 1995)]
[Notices]
[Pages 50625-50626]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-24248]



-----------------------------------------------------------------------


FEDERAL RESERVE SYSTEM
NationsBank Corporation; 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 
October 13, 1995.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. NationsBank Corporation, Charlotte, North Carolina; to merge 
with Bank South Corporation, Atlanta, Georgia, and thereby indirectly 
acquire Bank South, Atlanta, Georgia.
    In connection with this application, Applicant also has applied to 
acquire Bank South Life Insurance Corporation, Atlanta, Georgia; Bank 
South Life Insurance Corporation, and thereby reinsure credit life and 
credit disability insurance activities, pursuant to Sec.  
225.25(b)(8)(i) of the Board's Regulation Y; Bank South Securities 
Corporation, and thereby engage in underwriting and dealing in 
municipal revenue bonds, buying and selling municipal revenue bonds on 
the order of investors as a ``riskless principal''; acting as agent in 
the private placement of municipal revenue bonds and other general 
obligations of states, their political subdivisions, authorities, or 
agencies, all pursuant to Board Order; Bank South Corporation, 79 Fed. 
Res. Bull. 716 (1993); in providing full service brokerage and discount 
brokerage services, pursuant to Sec.  225.25(b)(15) of the Board's 
Regulation Y; in providing investment and financial advisory services 
to states, their political subdivisions, authorities, or agencies, and 
to other entities, pursuant to Sec.  225.25(b)(4)(v) of the Board's 
Regulation Y; in underwriting and dealing in government obligations and 
money market instruments pursuant, to Sec.  225.25(b)(16) of the 
Board's Regulation Y; in arranging commercial real estate equity 
financing pursuant, to Sec.  225.25(b)(14) of the Board's Regulation 

[[Page 50626]]
Y; providing foreign exchange advisory services, pursuant to Sec.  
225.25(b)(17) of the Board's Regulation Y; and Southeast Switch, Inc., 
and thereby engage in owning an interest in an interbank electronic 
funds transfer computer network for automatic teller machines, pursuant 
to Sec.  225.25(b)(7) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, September 25, 
1995
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-24248 Filed 9-28-95; 8:45 am]
BILLING CODE 6210-01-F