[Federal Register Volume 62, Number 187 (Friday, September 26, 1997)]
[Notices]
[Page 50616]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-25568]


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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 October 10, 1997.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. Mutual Bancorp of the Berkshires, Inc., Pittsfield, 
Massachusetts; to acquire Trust Company of the Berkshires, N.A., 
Pittsfield, Massachusetts, and there engage in performing trust company 
functions, pursuant to Sec.  225.28(b)(5) of the Board's Regulation Y.
    2. Mutual Bancorp of the Berkshires, Inc., Pittsfield, 
Massachusetts; to acquire Pittsfield Central Development Company, LLC, 
Pittsfield, Massachusetts, and thereby engage in community development 
activities, pursuant to Sec.  225.28(b)(12) of the Board's Regulation 
Y.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. National Commerce Bancorporation, Memphis, Tennessee; to engage 
de novo through its subsidiary, First Market Bank, FSB, Memphis, 
Tennessee, in the operation of a federal savings bank, pursuant to 
Sec.  225.28(b)(4) of the Board's Regulation Y. Notificant will acquire 
at least 49 percent of FSB and will operate FSB with a co-venturer, 
Ukrop's Super Markets, Inc., Richmond, Virginia. Comments must be 
received by October 20, 1997.

    Board of Governors of the Federal Reserve System, September 22, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-25568 Filed 9-25-97; 8:45 am]
BILLING CODE 6210-01-F