[Federal Register Volume 61, Number 20 (Tuesday, January 30, 1996)]
[Notices]
[Pages 3039-3040]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1648]



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FEDERAL RESERVE SYSTEM

First Bankshares of Las Animas, Inc.; Notice of Proposal to 
Engage de novo in Permissible Nonbanking Activities

    The company listed in this notice has given notice 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.
    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 commencement of the activity 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 

[[Page 3040]]
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 
February 13, 1996.
    A. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. First Bankshares of Las Animan, Inc., Las Animan, Colorado; to 
engage de novo through its subsidiary, Sunshine Village Apartments of 
Las Animas, LTD, Las Animas, Colorado, in the construction of 24-unit 
senior and multi-family housing project, and thereby engage in 
community deveopment activities, pursuant to Sec.  225.25(b)(6) of the 
Board's Regulation Y. The geographic scope for these activities is Las 
Animas, Colorado.

    Board of Governors of the Federal Reserve System, January 24, 
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-1648 Filed 1-29-96; 8:45 am]
BILLING CODE 6210-01-F