[Federal Register Volume 62, Number 115 (Monday, June 16, 1997)] [Notices] [Page 32611] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 97-15626] ----------------------------------------------------------------------- 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. 225.28 of Regulation Y (12 CFR 225.28) 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 June 30, 1997. A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528: 1. Provident Bankshares Corporation, Baltimore, Maryland; to acquire First Citizens Financial Corporation, Gaithersburg, Maryland, and thereby indirectly acquire Citizens Savings Bank, F.S.B., Gaithersburg, Maryland, and thereby engage in operating a saving association, pursuant to Sec. 225.28(b)(4)(ii) of the Board's Regulation Y; and in originating and selling residential mortgage loans, pursuant to Sec. 225.28(b)(1) of the Board's Regulation Y; and in selling mortgage life insurance to borrowers of Citizens Savings Bank, F.S.B., pursuant to Sec. 225.28(b)(11)(i) of the Board's Regulation Y. B. Federal Reserve Bank of Chicago (Philip Jackson, Applications Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413: 1. First Chicago NBD Corporation, Chicago, Illinois; to acquire First Chicago Capital Markets, Inc., Chicago, Illinois, and thereby engage in underwriting and dealing in to a limited extent, equity securities. See, 75 Fed. Res. Bull. 192 (1989). Board of Governors of the Federal Reserve System, June 10, 1997. Jennifer J. Johnson, Deputy Secretary of the Board. [FR Doc. 97-15626 Filed 6-13-97; 10:02 am] BILLING CODE 6210-01-F