[Federal Register Volume 61, Number 104 (Wednesday, May 29, 1996)]
[Notices]
[Pages 26905-26906]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-13378]



-----------------------------------------------------------------------


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

[[Page 26906]]

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 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 June 11, 1996.
    A. Federal Reserve Bank of Kansas City (John E. Yorke, Senior Vice 
President) 925 Grand Avenue, Kansas City, Missouri 64198:
    1. Fort Calhoun Investment Company, Fort Calhoun, Nebraska; to 
engage de novo in expanding its insurance agency activity to include 
the sale of all types of life insurance products other than life 
insurance or annuities, pursuant to Sec.  225.25(b)(vi) of the Board's 
Regulation Y. Company is a bank holding company with consolidated 
assets of under $50 million.

    Board of Governors of the Federal Reserve System, May 22, 1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-13378 Filed 5-28-96; 8:45 am]
BILLING CODE 6210-01-F