[Federal Register Volume 62, Number 38 (Wednesday, February 26, 1997)]
[Notices]
[Pages 8742-8743]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-4698]


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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

[[Page 8743]]

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.
    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 March 12, 1997.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Pinnacle Financial Services, Inc., St. Joseph, Michigan; to 
acquire Indiana Federal Corporation, Valparaiso, Indiana, and thereby 
indirectly acquire 100 percent of the voting shares of Indiana Federal 
Bank for Savings, Valparaiso, Indiana, and thereby operate a savings 
association, pursuant to Sec.  225.25(b)(9); 100 percent of the voting 
shares of IndFed Mortgage Company, Valparaiso, Indiana, and thereby 
engage in community development activities, pursuant to Sec.  
225.25(b)(6); 100 percent of the voting shares of IFB Investment 
Services, Inc., Valparaiso, Indiana, and thereby act as investment or 
financial advisor, pursuant to Sec.  225.25(b)(4), and provide 
securities brokerage services, pursuant to Sec.  225.25(b)(15); and 
33.33 percent of Forrest Holdings, Inc., and its wholly owned 
subsidiary, Forrest Financial Corporation, both of Lisle, Illinois, and 
thereby engage in leasing, pursuant to Sec.  225.25(b)(5).

    Board of Governors of the Federal Reserve System, February 20, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-4698 Filed 2-25-97; 8:45 am]
BILLING CODE 6210-01-F