[Federal Register Volume 61, Number 34 (Tuesday, February 20, 1996)]
[Notices]
[Page 6376]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-3648]



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FEDERAL RESERVE SYSTEM


Norwest Corporation; 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 how the 
party commenting would be aggrieved by approval of the proposal.
    Comments regarding this application must be received not later than 
March 5, 1996.
    A. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Norwest Corporation, Minneapolis, Minnesota; to acquire, through 
its subsidiary, Norwest Investment Services, Inc., Minneapolis, 
Minnesota, and the brokerage business of AmeriBank, Bloomington, 
Minnesota, pursuant to Sec.  225.25(b)(15) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, February 13, 
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-3648 Filed 2-16-96; 8:45 am]
BILLING CODE 6210-01-F