[Federal Register Volume 62, Number 120 (Monday, June 23, 1997)]
[Notices]
[Page 33871]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-16390]


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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.  225.28 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 July 8, 1997.
    A. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
    1. Norwest Corporation, Minneapolis, Minnesota, to engage de novo 
through its subsidiary, Revelation Mortgage Company of America, 
Washington, D.C.; in residential mortgage lending activities, pursuant 
to Secs.  225.28(b)(1) and (b)(2) of the Board's Regulation Y. 
Revelation Mortgage Company of America would be a joint venture between 
Norwest Ventures, Inc., Des Moines, Iowa, and Revelation Mortgage 
Corporation, Memphis, Tennessee, a wholly-owned subsidiary of 
Revelation Corporation of America, Memphis, Tennessee.

    Board of Governors of the Federal Reserve System, June 18, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-16390 Filed 6-20-97; 8:45 am]
BILLING CODE 6210-01-F