[Federal Register Volume 62, Number 22 (Monday, February 3, 1997)]
[Notices]
[Pages 5007-5008]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-2527]


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


FEDERAL RESERVE SYSTEM

Formations of, Acquisitions by, and Mergers of Bank Holding 
Companies

    The companies listed in this notice have applied to the Board for 
approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 
1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other 
applicable statutes and regulations to become a bank holding company 
and/or to acquire the assets or the ownership of, control of, or the 
power to vote shares of a bank or bank holding company and all of the 
banks and nonbanking companies owned by the bank holding company, 
including the companies listed below.
    The applications listed below, as well as other related filings 
required by the Board, are available for immediate inspection at the 
Federal Reserve Bank indicated. Once the application has been accepted 
for processing, it will also

[[Page 5008]]

be available for inspection at the offices of the Board of Governors. 
Interested persons may express their views in writing on the standards 
enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also 
involves the acquisition of a nonbanking company, the review also 
includes whether the acquisition of the nonbanking company complies 
with the standards in section 4 of the BHC Act, including whether the 
acquisition of the nonbanking company 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). Unless otherwise noted, nonbanking activities will 
be conducted throughout the United States.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than February 27, 1997.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. First Equity Corp., Skokie, Illinois; to become a bank holding 
company by acquiring 100 percent of the voting shares of 1st Equity 
Bank, Skokie, Illinois, a de novo bank.

    Board of Governors of the Federal Reserve System, January 28, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-2527 Filed 1-31-97; 8:45 am]
BILLING CODE 6210-01-F