[Federal Register Volume 63, Number 2 (Monday, January 5, 1998)]
[Notices]
[Page 229]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-143]


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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 January 20, 1998.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Mason-Dixon Bancshares, Inc., Westminster, Maryland; to acquire 
Bay Finance, LLC and Bay Insurance, LLC, both of Westminster, Maryland, 
which would acquire certain assets and assume certain liabilities of 
the following Maryland companies: Rose Shanis & Co., Inc., Rose Shanis 
Sons, Inc., Rose Shanis & Co., and Stephen Corp., all of Baltimore, 
Maryland, and thereby engage in consumer finance activites and to act 
as an agent in the sale of credit related insurance, pursuant to Secs.  
225.28(b)(1), (b)(11)(i), and (b)(11)(ii) of the Board's Regulation Y.
    B. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528; 
Federal Reserve Bank of Cleveland (Jeffery Hirsch, Banking Supervisor) 
1455 East Sixth Street, Cleveland, Ohio 44101-2566, and Federal Reserve 
Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust 
Street, St. Louis, Missouri 63102-2034:
    1. Huntington Bancshares Incorporated, Columbus, Ohio, Area 
Bancshares Corporation, Owensboro, Kentucky, and Wachovia Corporation, 
Winston-Salem, North Carlina; to engage through SecureWare, Inc., 
Atlanta, Georgia, in 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 30, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-143 Filed 1-2-98; 8:45 am]
BILLING CODE 6210-01-F