[Federal Register Volume 62, Number 39 (Thursday, February 27, 1997)]
[Notices]
[Page 8960]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-4830]


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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.
    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 13, 1997.
    A. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Shoreline Financial Corporation, Benton Harbor, Michigan; to 
acquire SJS Bancorp, Inc., St. Joseph, Michigan, and thereby indirectly 
acquire SJS Federal Savings Bank, St. Joseph, Michigan, and thereby 
engage in operating a savings association pursuant to Sec.  
225.25(b)(9) of the Board's Regulation Y and in insurance agency and 
underwriting activities pursuant to Sec.  225.25(b)(8)(i) of the 
Board's Regulation Y.

    Board of Governors of the Federal Reserve System, February 21, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-4830 Filed 2-26-97; 8:45 am]
BILLING CODE 6210-01-F