[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] ----------------------------------------------------------------------- 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