[Federal Register Volume 61, Number 166 (Monday, August 26, 1996)]
[Notices]
[Pages 43763-43764]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-21645]


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


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 inspection at the offices of the Board of 
Governors. Interested persons may

[[Page 43764]]

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 September 9, 1996.
    A. Federal Reserve Bank of New York (Christopher J. McCurdy, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Bayerische Vereinsbank AG, Munich, Germany; to engage de novo 
through its subsidiary, VB Structured Finance Inc., New York, New York, 
in commercial finance activities, including project finance, trade 
finance, acquisition finance, real estate loans, debtor in possession 
financing, and the provision of liquidity lines to asset-backed 
commercial paper conduits, pursuant to Sec.  225.25(b)(1) of the 
Board's Regulation Y.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Joseph Thomas McLane, as conservator for Jerry F. McLane, Poplar 
Bluff, Missouri; to acquire an additional 43.40 percent, for a total of 
43.42 percent, of the voting shares of Midwest Bancshares, Inc., Poplar 
Bluff, Missouri, and thereby indirectly acquire Carter County State 
Bank, Van Buren, Missouri, First Midwest Bank of Dexter, Dexter, 
Missouri, First Midwest Bank of Chaffee, and First Midwest Bank of 
Piedmont, Piedmont, Missouri.

    Board of Governors of the Federal Reserve System, August 20, 
1996.
Jennifer J. Johnson
Deputy Secretary of the Board
[FR Doc. 96-21645 Filed 8-23-96; 8:45 am]
BILLING CODE 6210-01-F