Federal Register / Vol. 62, No. 217 / Monday, November 10, 1997 / Notices 60513

Vice President) 100 North 6th Street,

Philadelphia, Pennsylvania 19105-1521:

1. PSB Bancorp, Inc., Philadelphia,

Pennsylvania; to become a bank holding

company by acquiring 100 percent of

the voting shares of Pennsylvania

Savings Bank, Philadelphia,

Pennsylvania.

B. Federal Reserve Bank of

Richmond (A. Linwood Gill III,

Assistant Vice President) 701 East Byrd

Street, Richmond, Virginia 23261-4528:

1. Eastern Virginia Bankshares, Inc.,

Tappahannock, Virginia; to become a

bank holding company by acquiring 100

percent of the voting shares of

Southside Bank, Tappahannock,

Virginia, and Bank of Northumberland,

Incorporated, Heathsville, Virginia.

C. Federal Reserve Bank of Atlanta

(Lois Berthaume, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303-2713:

1. Citizens Bancshares Corporation,

Atlanta, Georgia; to become a bank

holding company by acquiring 100

percent of the voting shares of First

Southern Bancshares, Inc., Lithonia,

Georgia, and thereby indirectly acquire

First Southern Bank, Lithonia, Georgia.

D. Federal Reserve Bank of Chicago

(Philip Jackson, Applications Officer)

230 South LaSalle Street, Chicago,

Illinois 60690-1413:

1. FBOP Corporation, Oak Park,

Illinois; to acquire 50 percent of the

voting shares of P.N.B. Financial

Corporation, Chicago, Illinois, and

thereby indirectly acquire Park National

Bank and Trust of Chicago, Chicago,

Illinois.

2. First of Waverly Corporation,

Waverly, Iowa; to acquire 100 percent of

the voting shares of Schrage, Ltd.,

Plainfield, Iowa, and thereby indirectly

acquire Farmers State Bank, Plainfield,

Iowa.

3. Heartland Bancshares, Inc., Lenox,

Iowa; to acquire 50 percent of the voting

shares of Union Bank of Arizona, N.A.,

Gilbert, Arizona (in organization).

E. Federal Reserve Bank of

Minneapolis (Karen L. Grandstrand,

Vice President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480-2171:

1. Norwest Corporation, Minneapolis,

Minnesota; to acquire 100 percent of the

voting shares of Fidelity Bancshares,

Inc., Fort Worth, Texas, and thereby

indirectly acquire Fidelity

Bancorporation, Inc., Dover, Delaware,

and Fidelity Bank & Trust, N.A., Fort

Worth, Texas.

F. Federal Reserve Bank of Dallas

(Genie D. Short, Vice President) 2200

North Pearl Street, Dallas, Texas 75201-

2272:

1. Cullen/Frost Bankers, Inc., San

Antonio, Texas, and New Galveston

Company, Wilmington, Delaware; to

merge with Harrisburg Bancshares, Inc.,

Houston, Texas, and thereby indirectly

acquire Harrisburg Bancshares, Inc.,

Reno, Nevada, and Harrisburg Bank,

Houston, Texas.

Board of Governors of the Federal Reserve

System, November 5, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–29643 Filed 11–7–97; 8:45 am]

BILLING CODE 6210–01–F

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 § 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 November 24, 1997.

A. Federal Reserve Bank of New

York (Betsy Buttrill White, Senior Vice

President) 33 Liberty Street, New York,

New York 10045-0001:

1. National Bank of Canada,

Montreal, Quebec, Canada; to acquire

NBC Levesque International Ltd.,

Montreal, Quebec, Canada, and thereby

engage in buying and selling in the

secondary market all types of securities

on the order of a customer as a ‘‘riskless

principal’’ to the extent of engaging in

transactions in which the company,

after receiving an order to buy (or sell)

a security from a customer, purchases

(or sells) the security for its own

account to offset a contemporaneous

sale to (or purchase from) a customer,

subject to the limitations and

conditions, pursuant to § 225.28(b)(7)(ii)

of the Board’s Regulation Y, and acting

as agent for the private placement of

securities, pursuant to § 225.28(b)(7)(iii)

of the Board’s Regulation Y.

2. The Bank of Nova Scotia, Toronto,

Ontario, Canada; to acquire Iron

Mountain Depository Corporation, New

York, New York, and thereby engage in

buying, selling and storing bars, rounds,

bullion, and coins of gold, silver

platinum, palladium, copper, and any

other metal approved by the Board, for

company’s own account and the

account of others, and providing

incidential services such as arranging

for storage, safe custody, assaying, and

shipment, pursuant to § 225.28(b)(8)(iii)

of the Board’s Regulation Y.

Board of Governors of the Federal Reserve

System, November 4, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–29517 Filed 11–7–97; 8:45 am]

BILLING CODE 6210–01–F

FEDERAL RESERVE SYSTEM

[Docket No. R–0986]

Federal Reserve Bank Services

AGENCY: Board of Governors of the

Federal Reserve System.

ACTION: Notice.

SUMMARY: The Board has approved a

Private Sector Adjustment Factor

(PSAF) for 1998 of $108.5 million, as

well as the fee schedules for Federal

Reserve priced services and electronic

connections. These actions were taken

in accordance with the requirements of

the Monetary Control Act of 1980,

which requires that, over the long run,

fees for Federal Reserve priced services

be established on the basis of all direct

and indirect costs, including the PSAF.

DATES: The PSAF and the fee schedules

become effective on January 2, 1998.

FOR FURTHER INFORMATION CONTACT: For

questions regarding the Private Sector

Adjustment Factor: Martha Stallard,

Senior Accountant, (202/452–3758),

Division of Reserve Bank Operations

and Payment Systems; For questions

regarding the fee schedules: Jeff

Yeganeh, Senior Financial Services

Analyst, Check Payments, (202/728–

5801); Riaz Ahmed, Financial Services

Analyst, ACH Payments, (202/452–

3959); Stephen Cohen, Financial

Services Analyst, Funds Transfer and

Book-Entry Securities Services, (202/

452–3480); Anne Paulin, Senior

Information Technology Analyst