[Federal Register Volume 62, Number 41 (Monday, March 3, 1997)]
[Notices]
[Pages 9432-9433]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-5119]


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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 17, 1997.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. Keystone Financial Inc., Harrisburg, Pennsylvania; to acquire 
Financial Trust Services Company, Carlisle, Pennsylvania,and thereby 
engage in providing trust services to affiliated bank subsidiaries, 
pursuant to Sec.  225.25(b)(3) of the Board's Regulation Y, and thereby 
indirectly acquire Financial Trust Life Insurance Company, Phoenix, 
Arizona, and thereby engage in providing credit related life insurance 
to affiliated bank loan customers, pursuant to Sec.  225.25(b)(8)(i) of 
the Board's Regulation Y.
    B. Federal Reserve Bank of Cleveland (R. Chris Moore, Senior Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. F.N.B. Corporation, Hermitage, Pennsylvania, and Southwest 
Banks, Inc., Naples, Florida; to engage in accounts receivable 
financing (factoring), pursuant to Sec.  225.25(b)(1) of the Board's 
Regulation Y.
    C. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Stichting Prioriteit ABN AMRO Holding, Amsterdam, The 
Netherlands, Stichting Administratiekantoor ABN AMRO Holding, 
Amsterdam, The Netherlands, ABN AMRO Holding N.V., Amsterdam, The 
Netherlands, and ABN AMRO Bank N.V., Amsterdam, The Netherlands; to 
acquire Citicorp Futures Corporation, New York, New York, and thereby 
indirectly acquire Citifutures Limited, London, England, and Citicorp 
Futures Limited, Singapore, and thereby engage in acting as a futures 
commission merchant (FCM) in the execution and clearing of financial 
futures contracts and options on futures contracts, pursuant to Sec.  
225.25(b)(17) of the Board's Regulation Y; in providing investment 
advice as an FCM or commodity trading advisor (CTA), pursuant to Sec.  
225.25(b)(18), in acting as an FCM in the execution and clearance of 
futures and options on futures contracts based on bonds or other debt 
instruments, certain commodities, and stock, bond, or commodity 
indices, and providng investment advice with

[[Page 9433]]

respect to such contracts, pursuant to ABN AMRO, 83 Fed. Res. Bull. 
(1997)(order dated Dec. 11, 1996); and in providing execution-only or 
clearing-only services with respect to financial and non-financial 
futures and options on futures contracts, pursuant to Citicorp, 81 Fed. 
Res. Bull. 164 (1995).
    D. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
    1. Community First Bankshares, Inc., Fargo, North Dakota; to engage 
de novo through its subsidiary, Community First Financial, Inc., Fargo, 
North Dakota, in permissible nonbanking activities of making and 
servicing loans, pursuant to Sec.  225.25(b)(1) of the Board's 
Regulation Y.

    Board of Governors of the Federal Reserve System, February 25, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-5119 Filed 2-28-97; 8:45 am]
BILLING CODE 6210-01-F