[Federal Register Volume 63, Number 46 (Tuesday, March 10, 1998)]
[Notices]
[Pages 11682-11683]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-6106]


-----------------------------------------------------------------------

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, including the 
companies listed below, 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

[[Page 11683]]

or the offices of the Board of Governors not later than March 25, 1998.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. New Independent Bancshares, Inc., New Washington, Indiana; to 
engage de novo through its subsidiary, New Washington Reinsurance 
Company, Ltd., New Washington, Indiana, in the reinsurance of credit 
life, credit health, and accident insurance directly related to 
extensions of credit by its wholly owned subsidiary bank and limited to 
ensuring the repayment of the outstanding balance due on the extension 
of credit in the event of the death, disability, or involuntary 
unemployment of the debtor, pursuant to Sec.  225.28(b)(11)(i) of the 
Board's Regulation Y.

    Board of Governors of the Federal Reserve System, March 5, 1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-6106 Filed 3-9-98; 8:45 am]
BILLING CODE 6210-01-F