[Federal Register Volume 62, Number 125 (Monday, June 30, 1997)]
[Notices]
[Page 35178]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-17027]


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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. The notice also will 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 25, 1997.
    A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Pioneer Bancshares, Inc., Chattanooga, Tennessee; to engage de 
novo through its subsidiary, Pioneer Bank, F.S.B., Chattanooga, 
Tennessee, in operating a savings association, pursuant to Sec.  
225.28(b)(4) of the Board's Regulation Y. The proposed activity will be 
conducted throughout Georgia and Tennessee.

    Board of Governors of the Federal Reserve System, June 25, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-17027 Filed 6-27-97; 8:45 am]
BILLING CODE 6210-01-F