[Federal Register Volume 61, Number 147 (Tuesday, July 30, 1996)]
[Notices]
[Pages 39659-39660]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-19275]


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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 company listed in this notice has 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.
    The 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 39660]]

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 application must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than August 14, 1996.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Quad City Holdings, Inc., Bettendorf, Iowa; to acquire 20 
percent of the voting shares of Nobel Electronic Transfer, L.L.C., 
Bettendorf, Iowa, and thereby engage in data processing activities 
pursuant to Sec.  225.25(b)(7) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, July 24, 1996.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-19275 Filed 7-29-96; 8:45 am]
BILLING CODE 6210-01-F