[Federal Register Volume 62, Number 155 (Tuesday, August 12, 1997)]
[Notices]
[Pages 43168-43169]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-21182]


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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 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

[[Page 43169]]

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 August 26, 1997.
    A. Federal Reserve Bank of Cleveland (Jeffery Hirsch, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Community Holding Company, Inez, Kentucky; to engage in 
permissible savings and loan association activities, pursuant to 
Sec. 225.28(b)(4) of the Board's Regulation Y, through the conversion 
of its wholly-owned banking subsidiary, The First National Bank of 
Louisa, Louisa, Kentucky, into a federal-charted stock savings bank, 
Inez Deposit Bank, F.S.B., Inez, Kentucky.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Firstbank of Illinois Co., Springfield, Illinois; to acquire 
Geneva Capital Corporation, Springfield, Illinois, and thereby engage 
in serving as a broker in Illinois, Indiana and St. Louis, Missouri, 
for mortgage loans to companies engaged in operating income-producing 
commercial real estate, and thereby engage in extending credit and 
servicing loans, pursuant to Sec. 225.28(b)(1) of the Board's 
Regulation Y.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Hardin County Bancshares, Inc., Savannah, Tennessee; to acquire 
Majors Insurance Agency, Inc., Adamsville, Tennessee, and thereby 
engage in general insurance agency activities in a place where its 
subsidiary bank has a lending office and that has a population not 
exceeding 5,000, pursuant to Sec. 225.28(b)(11) of the Board's 
Regulation Y.
    D. Federal Reserve Bank of San Francisco (Pat Marshall, Manager of 
Analytical Support, Consumer Regulation Group) 101 Market Street, San 
Francisco, California 94105-1579:
    1. 1867 Western Financial Corporation, Stockton, California; to 
acquire Capital Corp of the West, Merced, California, and thereby 
indirectly acquire Town and Country Finance and Thrift Company, 
Turlock, California, and Capital West Group, Inc., Stockton, 
California, and thereby engage in operating an industrial loan company, 
pursuant to Sec. 225.28(b)(4); in operating an industrial loan company; 
in providing credit life insurance, pursuant to Sec. 225.28(b)(11) of 
the Board's Regulation Y; in management consulting, pursuant to 
Sec. 225.28(b)(9) of the Board's Regulation Y; and in furnishing 
investment and financial advice, pursuant to Sec. 225.28(b)(6) of the 
Board's Regulation Y.

    Board of Governors of the Federal Reserve System, August 6, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-21182 Filed 8-11-97; 8:45 am]
BILLING CODE 6210-01-F