[Federal Register Volume 79, Number 226 (Monday, November 24, 2014)]
[Notices]
[Page 69849]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-27766]



[[Page 69849]]

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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies 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 or the offices of the Board of 
Governors not later than December 09, 2014.
    A. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, 
Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Peoples State Bancorp, Inc., through its subsidiary, Peoples 
State Bank of Munising, both in Munising, Michigan proposes to reduce 
its ownership in Lasco Development Corporation, Marquette, Michigan, to 
less than 100 percent. Lasco Development Corporation engages in the 
activity of data processing for financial institutions.

    Board of Governors of the Federal Reserve System, November 19, 
2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014-27766 Filed 11-21-14; 8:45 am]
BILLING CODE 6210-01-P