[Federal Register Volume 61, Number 186 (Tuesday, September 24, 1996)]
[Notices]
[Page 50025]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-24409]


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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 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 October 8, 1996.
    A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Commercial Capital Corporation, DeKalb, Mississippi; to acquire 
Kemper Finance, Inc., DeKalb, Mississippi, and thereby engage in 
consumer finance activities, pursuant to Sec.  225.25(b)(1)(i) of the 
Board's Regulation Y. These activities will be conducted throughout the 
State of Mississippi.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. Bank of Montreal, Montreal, Canada, and Bankmont Financial 
Corp., New York, New York; to engage de novo through BMO Leasing (US), 
Inc., Chicago, Illinois, in leasing activities, pursuant to Sec.  
225.25(b)(5) of the Board's Regulation Y.
    C. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Norwest Corporation, Minneapolis, Minnesota; to engage de novo 
through its subsidiary, The Mortgage Center, Springfield, 
Massachusetts, in residential mortgage lending pursuant to Sec.  
225.25(b)(1) of the Board's Regulation Y. The Mortgage Center will be a 
joint venture, between Norwest Ventures, Inc., and Landry, Lyons, and 
Whyte Company, Inc., both of Springfield, Massachusetts.
    D. Federal Reserve Bank of Dallas (Genie D. Short, Vice President) 
2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Maedgen & White, LTD., Lubbock, Texas; to engage de novo through 
its subsidiary, Plains Service Corporation, Lubbock, Texas, in data 
processing pursuant to Sec.  225.25(b)(7) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, September 18, 
1996.
Jennifer J. Johnson
Deputy Secretary of the Board
[FR Doc. 96-24409 Filed 9-23-96; 8:45 am]
BILLING CODE 6210-01-F