[Federal Register Volume 61, Number 74 (Tuesday, April 16, 1996)]
[Notices]
[Pages 16638-16639]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-9316]



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FEDERAL RESERVE SYSTEM

Notice of Proposals to Engage in Permissible Nonbanking 
Activities or to Acquire Companies that are Engaged in Permissible 
Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation      Y, (12 CFR part 225) to engage de novo, or to acquire 
or control voting securities or assets of a company that engages either 
directly or through a subsidiary or other company, in a nonbanking 
activity that is listed in Sec.  225.25 of Regulation Y (12 CFR 225.25) 
or that the Board has determined by Order to be closely related to 
banking and permissible for bank holding companies. Unless otherwise 
noted, these activities will be conducted throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. Once the notice has been accepted for processing, it will 
also be available for

[[Page 16639]]

inspection at the offices of the Board of Governors. Interested persons 
may express their views in writing on the question whether the proposal 
complies with the standards of section 4 of the BHC Act, including 
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'' (12 
U.S.C. 1843). 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 April 30, 1996.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Peoples First Corporation, Paducah, Kentucky; to acquire 
Guaranty Federal Savings Bank, Clarksville, Tennessee, and thereby 
engage in owning, controlling, and operating a savings bank, pursuant 
to Sec.  225.25(b)(9) of the Board's Regulation Y, and in the sale, as 
agent, of insurance directly related to extensions of credit, pursuant 
to Sec.  225.25(b)(8)(i) of the Board's Regulation Y.
    B. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Adams Land Improvement, Inc., Arapahoe, Nebraska; to acquire an 
additional 5.9 percent, for a total of 11.5 percent; Arapahoe Telephone 
Company, Arapahoe, Nebraska, to acquire an additional 15.9 percent, for 
a total of 21.5 percent; Hoffman, Inc., Arapahoe, Nebraska, to acquire 
an additional 10.8 percent, for a total of 16.4 percent; Charles Hunt, 
Oxford, Nebraska, to acquire an additional 1.0 percent, for a total of 
2.1 percent; Gary Thompson, Arapahoe, Nebraska, to acquire an 
additional 2.3 percent, for a total of 5.1 percent; Henry Koch, McCook, 
Nebraska, to acquire a total of 5.2 percent; Eldon Moore, Bartley, 
Nebraska, to acquire a total of 2.1 percent; Jacqueline Morgan, 
Arapahoe, Nebraska, to acquire a total of 1.0 percent; Brad Randel, 
Indianola, Nebraska, to acquire a total of 1.0 percent; Dorothy Randel 
Trust, Indianola, Nebraska, to acquire a total of 1.0 percent; Cliff 
Randel, McCook, Nebraska, to acquire a total of 1.0 percent; Don Moore, 
McCook, Nebraska, to acquire a total of 3.1 percent; Stewart Minnick, 
Cambridge, Nebraska, to acquire a total of 3.1 percent; Tim Peterson, 
Cambridge, Nebraska, to acquire a total of .5 percent; Harvey Minnick, 
Cambridge, Nebraska; to acquire a total of 2.1 percent; The Curtis 
Telephone Co., Curtis, Nebraska, to acquire a total of 5.2 percent; 
Gerald C. Meyeale, Holbrook, Nebraska; to acquire a total of 3.1 
percent; Ronald Gardner, Edison, Nebraska, to acquire a total of 2.1 
percent; Lennie Deaver, Cambridge, Nebraska, to acquire a total of 1.6 
percent; and William Sandy, Holdrege, Nebraska, to acquire a total of 
3.1 percent, of the voting shares of Central Bancshares, Inc., 
Cambridge, Nebraska, and thereby indirectly acquire First Central Bank, 
Cambridge, Nebraska.

    Board of Governors of the Federal Reserve System, April 10, 
1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-9316 Filed 4-15-96; 8:45 am]
BILLING CODE 6210-01-F