[Federal Register Volume 85, Number 29 (Wednesday, February 12, 2020)]
[Notices]
[Page 8002]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-02795]


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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, Ann E. Misback, Secretary of the Board, 20th Street and 
Constitution Avenue, NW, Washington, DC 20551-0001, not later than 
March 3, 2020.
    A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant 
Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
    1. Citizens Bancorporation of New Ulm, Inc., New Ulm, Minnesota; to 
acquire Farmers State Agency of Watkins, Inc., Watkins, Minnesota, and 
thereby engage in insurance agency activity through a lending office 
located in a place that has a population not exceeding 5,000 pursuant 
to 12 CFR 225.28(b)(11)(iii)(A).

    Board of Governors of the Federal Reserve System, February 7, 
2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-02795 Filed 2-11-20; 8:45 am]
 BILLING CODE P