[Federal Register Volume 61, Number 2 (Wednesday, January 3, 1996)]
[Notices]
[Page 168]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-00009]



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FEDERAL RESERVE SYSTEM

Ohio Valley Banc Corp., et al.; Notice of Applications to Engage 
de novo in Permissible Nonbanking Activities

    The companies listed in this notice have filed an application under 
Sec.  225.23(a)(1) of the Board's Regulation Y (12 CFR 225.23(a)(1)) 
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 commence or to engage de novo, either directly or 
through a subsidiary, 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.
    Each 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.
    Unless otherwise noted, comments regarding the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than January 19, 1996.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Ohio Valley Banc Corp., Gallipolis, Ohio; to engage de novo 
through its subsidiary, Loan Central, Inc., in secured and unsecured 
consumer and commercial lending activities pursuant to Sec.  
225.25(b)(1)(iii) of the Board's Regulation Y. These activities are to 
be performed in Gallipolis, Ohio and South Point, Ohio.
    B. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
Director, Bank Holding Company) 101 Market Street, San Francisco, 
California 94105:
    1. Wells Fargo & Company, San Francisco, California; to engage de 
novo in data processing and data transmission services through the 
ownership, installation, operation, and maintenance of automatic teller 
machines in the State of Oregon, pursuant to Sec.  225.25(b)(7) of the 
Board's Regulation Y.

    Board of Governors of the Federal Reserve System, December 27, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-00009 Filed 1-2-96; 8:45 am]
BILLING CODE 6210-01-F