[Federal Register Volume 70, Number 56 (Thursday, March 24, 2005)]
[Notices]
[Page 15089]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-5784]



[[Page 15089]]

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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, 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. [thinsp]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. Additional information on all 
bank holding companies may be obtained from the National Information 
Center website at www.ffiec.gov/nic/.
    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 April 7, 2005.
    A. Federal Reserve Bank of Richmond (A. Linwood Gill, III, Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. GrandSouth Bancorporation, Greenville, South Carolina; to 
acquire Car Bucks, Inc., Anderson, South Carolina, and thereby engage 
in lending activities, pursuant to section 225.28(b)(1) of Regulation 
Y.
    B. Federal Reserve Bank of Chicago (Patrick M. Wilder, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. First National Bancshares, Inc., East Lansing, Michigan; to 
retain 100 percent of the voting shares of Equifunding, Inc., East 
Lansing, Michigan, and thereby engage in acquiring debt in default 
(including tax liens), pursuant to section 225.28(b)(2)(vii) of 
Regulation Y.

    Board of Governors of the Federal Reserve System, March 18, 
2005.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 05-5784 Filed 3-23-05; 8:45 am]
BILLING CODE 6210-01-S