[Federal Register Volume 62, Number 207 (Monday, October 27, 1997)]
[Notices]
[Page 55645]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-28424]


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FEDERAL RESERVE SYSTEM


Formations of, Acquisitions by, and Mergers of Bank Holding 
Companies; Correction

    This notice corrects a notice (FR Doc. 97-27636) published on pages 
54460 - 54461 of the issue for Monday, October 20, 1997.
    Under the Federal Reserve Bank of Richmond heading, the entry for 
NationsBank Corporation, and NB Holdings Corporation, both of 
Charlotte, North Carolina, is revised to read as follows:
    A. Federal Reserve Bank of Richmond (A. Linwood Gill III, Assistant 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. NationsBank Corporation, and NB Holdings Corporation, both of 
Charlotte, North Carolina; to merge with Barnett Banks, Inc., 
Jacksonville, Florida, and thereby indirectly acquire Barnett Bank, 
National Association, Jacksonville, Florida, and Community Bank of the 
Islands, Sanibel, Florida.
    In connection with this application, Applicants also have applied 
to acquire First of America Bank - Florida, FSB, Tampa, Florida, and 
thereby engage in traditional thrift activities, pursuant to Sec.  
225.28(b)(4) of the Board's Regulation Y; Barnett Community Development 
Corporation, Jacksonville, Florida, and thereby engage in investing in 
corporations or projects designed primarily to promote community 
welfare, pursuant to Sec.  225.28(b)(12) of the Board's Regulation Y; 
EquiCredit Corporation, Jacksonville, Florida, and its direct and 
indirect subsidiaries, and thereby engage in the activities of 
originating home equity and purchase money loans, acquiring such loans 
originated from third parties, and securitizing such loans in the 
secondary market, pursuant to Sec.  225.28(b)(1) of the Board's 
Regulation Y, and in acting as principal, agent, or broker for credit 
related insurance, pursuant to Sec.  225.28(b)(11) of the Board's 
Regulation Y; Equity/Protect Reinsurance Company, Jacksonville, 
Florida, and thereby engage in the activities of reinsuring credit 
related insurance policies sold to EquiCredit Corporation customers, 
pursuant to Sec.  225.28(b)(11) of the Board's Regulation Y; and Honor 
Technologies, Inc., Maitland, Florida, and thereby engage in operating 
an electronic funds transfer network and in data processing and 
management consulting activities, pursuant to Secs.  225.28(b)(9) and 
(b)(14), respectively of the Board's Regulation Y.
    In connection with this proposal, NationsBank has applied to 
acquire an option for 19.9 percent of Barnett's outstanding shares. 
Barnett also has applied to acquire an option for 10 percent of the 
shares of NationsBank Corporation and all of its bank and nonbanking 
subsidiaries. These options will expire upon consummation of the 
merger.
    Comments on this application must be received by November 13, 1997.

    Board of Governors of the Federal Reserve System, October 22, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-28424 Filed 10-24-97; 8:45 am]
BILLING CODE 6210-01-F