Federal Register / Vol. 62, No. 34 / Thursday, February 20, 1997 / Notices 7783

DATES: Effective immediately.

FOR FURTHER INFORMATION CONTACT:

FDIC: Daniel E. Austin, (202/898–6774)

Review Examiner, Special Situations &

Applications Section, Division of

Supervision, Federal Deposit Insurance

Corporation, 550 17th Street, NW,

Washington, DC 20429.

FRB: Nancy Oakes, (202/452–2743),

Senior Attorney, Enforcement

Section, Division of Banking

Supervision & Regulation, Board of

Governors of the Federal Reserve

System, 20th & C Streets, NW,

Washington, DC 20551.

OCC: Carolyn Amundson, (202/874–

5371), Senior Attorney, Enforcement

& Compliance Division, Office of the

Comptroller of the Currency, 250 E

Street, SW, Washington, DC 20219.

OTS: Scott Albinson, (202/906–7984),

Special Assistant to the Executive

Director for Supervision, Office of

Thrift Supervision, 1700 G Street,

NW, Washington, DC 20552.

The text of the Revised Policy

Statement follows:

Revised Policy

Any federal banking regulatory

agency that proposes to take a formal

enforcement action against any federally

regulated financial institution or any

institution-affiliated party shall notify in

writing the other federal banking

regulatory agencies and, where

appropriate, a state supervisory

authority prior to or at the initiation of

such action. For the purposes of

interagency notification, an enforcement

action is initiated when the appropriate

responsible agency official, or group of

officials, determines that formal

enforcement action should be taken. All

notifications to other federal banking

regulatory agencies shall be made to a

designated contact person or persons as

specified by each agency.

When there is an affiliation or other

inter-institutional relationship, any

federal banking regulatory agency that

proposes to take an informal

enforcement action against any federally

regulated financial institution or

institution-affiliated party shall notify in

writing the other appropriate federal

banking regulatory agencies and, where

appropriate, a state supervisory

authority prior to or at the initiation of

such action.

In the event that complementary

action (e.g., action involving a bank and

its parent holding company, or a U.S.

branch or agency and a foreign bank) is

considered appropriate by two or more

federal banking regulatory agencies, the

preparation, processing, presentation,

service, and follow-up of the

enforcement action shall be coordinated

by the agencies directly involved.

The purpose of these procedures is to

encourage notification to appropriate

federal and state bank regulatory

authorities at the earliest practicable

date. These procedures are not intended

to preclude or forestall any federal

banking regulatory agency from

initiating an enforcement action alone

and on a timely basis against an

institution or institution-affiliated party

for which it has primary supervisory

jurisdiction.

Dated: February 13, 1997.

Joe M. Cleaver,

Executive Secretary/Federal Financial

Institutions Examination Council.

[FR Doc. 97–4085 Filed 2–19–97; 8:45 am]

BILLING CODE OCC: 4810–33–P (25%); FRB: 6210–01–P

(25%); FDIC: 6714–01–P (25%); OTS: 6720–01–P (25%)

FEDERAL RESERVE SYSTEM

Formations of, Acquisitions by, and

Mergers of Bank Holding Companies

The companies listed in this notice

have applied to the Board for approval,

pursuant to the Bank Holding Company

Act of 1956 (12 U.S.C. 1841 et seq.)

(BHC Act), Regulation Y (12 CFR Part

225), and all other applicable statutes

and regulations to become a bank

holding company and/or to acquire the

assets or the ownership of, control of, or

the power to vote shares of a bank or

bank holding company and all of the

banks and nonbanking companies

owned by the bank holding company,

including the companies listed below.

The applications listed below, as well

as other related filings required by the

Board, are available for immediate

inspection at the Federal Reserve Bank

indicated. Once the application has

been accepted for processing, it will also

be available for inspection at the offices

of the Board of Governors. Interested

persons may express their views in

writing on the standards enumerated in

the BHC Act (12 U.S.C. 1842(c)). If the

proposal also involves the acquisition of

a nonbanking company, the review also

includes whether the acquisition of the

nonbanking company complies with the

standards in section 4 of the BHC Act.

Unless otherwise noted, nonbanking

activities will be conducted throughout

the United States.

Unless otherwise noted, comments

regarding each of these applications

must be received at the Reserve Bank

indicated or the offices of the Board of

Governors not later than March 14,

1997.

A. Federal Reserve Bank of New

York (Christopher J. McCurdy, Senior

Vice President) 33 Liberty Street, New

York, New York 10045-0001:

1. The Bank of New York Company,

Inc., New York, New York; to acquire

9.9 percent of the voting shares of State

Street Boston Corporation, Boston,

Massachusetts, and thereby indirectly

acquire State Street Bank and Trust

Company, Boston, Massachusetts.

In connection with this application,

Applicant also has applied to acquire

State Street Boston Securities Services

Corp., Boston, Massachusetts, and

thereby indirectly acquire Investors

Fiduciary Trust Company, Kansas City,

Missouri, and thereby engage in

performing functions or activities that

may be performed by a trust company,

pursuant to § 225.25(b)(3) of the Board’s

Regulation Y; State Street Global

Advisors, Inc., Dover, Delaware, and

thereby indirectly acquire State Street

Global Advisors, United Kingdom

Limited, London, England, State Street

Unit Trust Management Limited,

London, England, and Boston

Esquiserve, L.P., Canton, Massachusetts,

and thereby engage in acting as an

investment or financial advisor,

pursuant to §§ 226.25(b)(4)(ii) and

(b)(4)(iii) of the Board’s Regulation Y;

Boston Financial Data Services, North

Quincy, Massachusetts, and thereby

indirectly acquire National Financial

Data Services, Kansas City, Missouri,

CFDS Limited, Toronto, Ontario,

Canada, CFDS Investors Services

Limited, Toronto, Ontario, Canada,

European Financial Data Services,

Luxembourg, Princeton Financial

Systems, Princeton, New Jersey, Bridge

Financial Systems, Inc., St. Louis,

Missouri, and Dunai Financial Services

PTY Limited, Melbourne, Australia, and

thereby engage in data processing

activities, pursuant to § 225.25(b)(7) of

the Board’s Regulation Y. These

activities will be conducted worldwide.

B. Federal Reserve Bank of Atlanta

(Lois Berthaume, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303-2713:

1. 1st United Bancorp, Boca Raton,

Florida; to acquire 100 percent of the

voting shares of Island National Bank

and Trust Company, Palm Beach,

Florida.

C. Federal Reserve Bank of

Minneapolis (Karen L. Grandstrand,

Vice President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480-2171:

1. TCF Financial Corporation,

Minneapolis Minnesota; to become a

bank holding company by acquiring 100

percent of the voting shares of TCF

National Bank Minnesota, Minneapolis,

Minnesota, a de novo bank; TCF

National Bank Illinois, Chicago, Illinois,

a de novo bank; TCF National Bank
7784 Federal Register / Vol. 62, No. 34 / Thursday, February 20, 1997 / Notices

Wisconsin, Milwaukee Wisconsin, a de

novo bank; Great Lakes National Bank

Michigan, Ann Arbor, Michigan, a de

novo bank; Great Lakes National Bank

Ohio, Hamilton, Ohio, a de novo bank;

TCF Colorado Corporation, Englewood,

Colorado, a bank holding company; by

acquiring TCF National Bank Colorado,

Englewood, Colorado, a de novo bank.

In connection with this application,

Applicant also has applied to acquire

TCF Securities, Inc., St. Paul,

Minnesota, and thereby engage in

offering securities brokerage services

involving mutual funds shares and

related investment advisory activities,

pursuant to §§ 225.25 (b)(4) and (b)(15)

of the Board’s Regulation Y.

In addition to this application, TCF

Colorado Corporation, Englewood,

Colorado, also has applied to become a

bank holding company by acquiring 100

percent of the voting shares of TCF

National Bank Colorado, Englewood,

Colorado, a de novo bank.

D. Federal Reserve Bank of Dallas

(Genie D. Short, Vice President) 2200

North Pearl Street, Dallas, Texas 75201-

2272:

1. ANB Bancshares, Inc., Gonzales,

Texas, and ANB Nevada Group, Inc.,

Carson City, Nevada; to become bank

holding companies by acquiring 100

percent of the voting shares of American

National Bank, Gonzales, Texas.

Board of Governors of the Federal Reserve

System, February 13, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–4154 Filed 2-19-97; 8:45 am]

BILLING CODE 6210-01-F

Formations of, Acquisitions by, and

Mergers of Bank Holding Companies

The companies listed in this notice

have applied to the Board for approval,

pursuant to the Bank Holding Company

Act of 1956 (12 U.S.C. 1841 et seq.)

(BHC Act), Regulation Y (12 CFR Part

225), and all other applicable statutes

and regulations to become a bank

holding company and/or to acquire the

assets or the ownership of, control of, or

the power to vote shares of a bank or

bank holding company and all of the

banks and nonbanking companies

owned by the bank holding company,

including the companies listed below.

The applications listed below, as well

as other related filings required by the

Board, are available for immediate

inspection at the Federal Reserve Bank

indicated. Once the application has

been accepted for processing, it will also

be available for inspection at the offices

of the Board of Governors. Interested

persons may express their views in

writing on the standards enumerated in

the BHC Act (12 U.S.C. 1842(c)). If the

proposal also involves the acquisition of

a nonbanking company, the review also

includes whether the acquisition of the

nonbanking company complies with the

standards in section 4 of the BHC Act.

Unless otherwise noted, nonbanking

activities will be conducted throughout

the United States.

Unless otherwise noted, comments

regarding each of these applications

must be received at the Reserve Bank

indicated or the offices of the Board of

Governors not later than March 17,

1997.

A. Federal Reserve Bank of

Richmond (Lloyd W. Bostian, Jr., Senior

Vice President) 701 East Byrd Street,

Richmond, Virginia 23261-4528:

1. NationsBank Corporation,

Charlotte, North Carolina, and NB

Holdings Corporation, Charlotte, North

Carolina; to retain 7.98 percent of the

voting shares of Calvin B. Taylor

Bankshares, Inc., Berlin, Maryland, and

thereby indirectly retain Calvin B.

Taylor Banking Company of Berlin,

Maryland, Berlin, Maryland.

In connection with this application,

Applicants have also applied to retain

13.03 percent of the votings shares of

First Perry Bancorp, Inc., Pinckneyville,

Illinois, and thereby indirectly retain

First National Bank in Pinckneyville,

Pinckneyville, Illinois.

In addition to this application,

Applicants have also applied to retain

15.43 percent of the voting shares of The

First National Bank in Falfurrias,

Falfurrias, Texas.

In addition to this application,

Applicants have also applied to retain

15.52 percent of the voting shares of

First National Security Company, De

Queen, Arkansas, and thereby indirectly

retain Bank of Ashdown, NA, Ashdown,

Arkansas; First National Bank of

Howard County, Dierks, Arkansas;

Citizens National Bank, Nashville,

Arkansas; Bank of Waldron, Waldron,

Arkansas; American State Bank, Broken

Bow, Oklahoma; and First National

Bank of De Queen, De Queen, Arkansas.

In addition to this application,

Applicants have also applied to retain

15.52 percent of the voting shares of

First National Security Company, De

Queen, Arkansas, and therby indirectly

retain First National Bancshares of

Hempstead County, Inc., Hope,

Arkansas; First National Bank of Hope,

Hope, Arkansas; Bank of Blevins,

Blevins, Arkansas; and First National

Bank of Lewisville, Lewisville,

Arkansas. NationsBank has applied to

retain all of these shares held in its

fiduciary capacity.

Board of Governors of the Federal Reserve

System, February 14, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–4183 Filed 2-19-97; 8:45 am]

BILLING CODE 6210-01-F

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 § 225.25 of Regulation

Y (12 CFR 225.25) 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.

Once the notice has been accepted for

processing, it will also 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 March 5, 1997.

A. Federal Reserve Bank of

Richmond (Lloyd W. Bostian, Jr., Senior

Vice President) 701 East Byrd Street,

Richmond, Virginia 23261-4528:

1. Crestar Financial Corporation,

Richmond, Virginia; to engage de novo

through its subsidiary, Crestar Securities

Corporation, Richmond, Virginia, in

underwriting and dealing in certain

bank-ineligible securities. See Citicorp

73 Fed. Res. Bull. 473 (1987) and

Chemical 73 Fed. Res. Bull. 731 (1987);

in acting as agent in the private

placement of all types of securities. See

Bankers Trust 75 Fed. Res. Bull. 829

(1989) and J.P. Morgan 76 Fed. Res.

Bull. 26 (1990); and in buying and

selling all types of securities on the

order of customers as riskless principal.

See 82 Fed. Res. Bull. 759 (1996).

B. Federal Reserve Bank of Chicago

(James A. Bluemle, Vice President) 230

South LaSalle Street, Chicago, Illinois

60690-1413: