[Federal Register Volume 63, Number 243 (Friday, December 18, 1998)] [Notices] [Pages 70131-70132] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-33493] ----------------------------------------------------------------------- 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. [[Page 70132]] 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 11, 1998. A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63102-2034: 1. Chambers Bancshares, Inc., Danville, Arkansas, and its wholly owned subsidiary, Community Investment, Inc., Elkins, Arkansas; to acquire Community Bank, F.S.B., Elkins, Arkansas, and thereby engage in operating a savings and loan association, pursuant to Sec. 225.28(b)(4)(ii) of Regulation Y. Board of Governors of the Federal Reserve System, December 14, 1998. Robert deV. Frierson, Associate Secretary of the Board. [FR Doc. 98-33493 Filed 12-17-98; 8:45 am] BILLING CODE 6210-01-F