[Federal Register Volume 62, Number 115 (Monday, June 16, 1997)]
[Page 32611]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-15626]



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]