[Federal Register Volume 62, Number 237 (Wednesday, December 10, 1997)]
[Notices]
[Pages 65081-65082]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-32220]


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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

[[Page 65082]]

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 December 24, 1997.
    A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Regions Financial Corporation, Montgomery, Alabama; to acquire 
PALFED, Inc., and thereby indirectly Palmetto Federal Savings Bank of 
South Carolina, both of Aiken, South Carolina, and thereby engage in 
operating a savings association, pursuant to Sec.  225.28(b)(4)(ii) of 
the Board's Regulation Y. Comments regarding this application must be 
received by January 2, 1998.
    B. Federal Reserve Bank of Kansas City (D. Michael Manies, 
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 
64198-0001:
    1. Stockmens Financial Corporation, Rushville, Nebraska; to acquire 
Electronic Commerce Management Group, LLC, Greenwood, Colorado (a joint 
venture), and thereby engage in leasing personal or real property, 
pursuant to Sec.  225.28(b)(3) of the Board's Regulation Y; management 
consulting services, pursuant to Sec.  225.28(b)(9) of the Board's 
Regulation Y; and data processing activities, pursuant to Sec.  
225.28(b)(14) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, December 4, 
1997.
William W. Wiles,
Secretary of the Board.
[FR Doc. 97-32220 Filed 12-9-97; 8:45 am]
BILLING CODE 6210-01-F