[Federal Register Volume 60, Number 243 (Tuesday, December 19, 1995)]
[Notices]
[Pages 65324-65325]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-30724]



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FEDERAL RESERVE SYSTEM


Carolina First Corporation, et al.; Acquisition of Company 
Engaged in Permissible Nonbanking Activities

    The organization listed in this notice has given notice under Sec.  
225.23(a)(2) or (e) of the Board's Regulation Y (12 CFR 225.23(a)(2) or 
(e)) 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 notice is available for immediate inspection at the Federal 
Reserve Bank indicated. Once the notice 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 

[[Page 65325]]

how the party commenting would be aggrieved by approval of the 
proposal.
    Comments regarding this application must be received not later than 
January 2, 1996.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. Carolina First Corporation, Greenville, South Carolina; to 
acquire Blue Ridge Finance Company, Inc., Greenville, South Carolina, 
and thereby indirectly engage in purchasing sub-prime automobile 
chattel receivables from automobile dealers, the subsequent servicing 
of such receivables, and other activities related to such receivables 
and their associated servicing (such as the foreclosed activities), 
pursuant to Sec.  225.25(b)(1)(i) of the Board's Regulation Y; in 
making, acquiring, and servicing loans or other extensions of credit in 
a manner typical of finance companies (including direct auto lending) 
and other activities typically associated with consumer finance 
operations, pursuant to Sec.  225.25(b)(1)(i) of the Board's Regulation 
Y; and in acting as agent or broker for insurance directly related to 
an extension of credit by a finance company, pursuant to Sec.  
225.25(b)(8)(ii) of the Board's Regulation Y. Comments on this 
application must be received by December 29, 1995.
    B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Swanton Agency, Inc., Swanton, Nebraska; to acquire Plymouth 
Investment Company, Plymouth, Nebraska, and thereby engage in the sale 
of general insurance in a town of less an 3,000, pursuant to Sec.  
225.25(b)(8)(iii)(A) of the Board's Regulation Y. This activity will be 
conducted in Plymouth, Nebraska.

    Board of Governors of the Federal Reserve System, December 12, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-30724 Filed 12-18-95; 8:45 am]
BILLING CODE 6210-01-F