[Federal Register Volume 62, Number 77 (Tuesday, April 22, 1997)]
[Notices]
[Pages 19578-19579]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-10290]


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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

[[Page 19579]]

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 May 16, 1997.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. CCB Financial Corporation, Durham, North Carolina; to acquire 
American Federal Bank, F.S.B., Greenville, South Carolina, and thereby 
engage in engaging in mortgage lending; acting as agent in the sale of 
certain credit related insurance; operating a savings association; and 
providing securities brokerage services, pursuant to Secs.  
225.25(b)(1)(iii), (8)(i), (9), and (15) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, April 16, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-10290 Filed 4-21-97; 8:45 am]
BILLING CODE 6210-01-F