[Federal Register Volume 61, Number 37 (Friday, February 23, 1996)]
[Notices]
[Pages 7004-7005]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-4052]



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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 7, 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 Norwest 
Investment Services, Inc., Minneapolis, Minnesota, through its 
subsidiary, 

[[Page 7005]]
Victoria Securities Company, Victoria, Texas, and thereby engage in 
securities brokerage activities, pursuant to Sec.  225.25(b)(15) of the 
Board's Regulation Y.

    Board of Governors of the Federal Reserve System, February 16, 
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-4052 Filed 2-22-96; 8:45 am]
BILLING CODE 6210-01-F