[Federal Register Volume 60, Number 198 (Friday, October 13, 1995)]
[Notices]
[Pages 53376-53377]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-25399]



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


FEDERAL RESERVE SYSTEM

Monocacy Bancshares, Inc.; Acquisition of Company Engaged in 
Permissible Nonbanking Activities

    The organization listed in this notice has 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.
    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 

[[Page 53377]]
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 26, 1995.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. Monocacy Bancshares, Inc., Taneytown, Maryland; to acquire Royal 
Oak Savings Bank, F.S.B., Randallstown, Maryland, and thereby engage in 
the operation of a federal savings bank, pursuant to Sec.  225.25(b)(9) 
of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, October 6, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-25399 Filed 10-12-95; 8:45 am]
BILLING CODE 6210-01-F