Federal Register / Vol. 62, No. 53 / Wednesday, March 19, 1997 / Notices 13155

1Copies of the Complaint and the Decision and

Order are available from the Commission’s Public

Reference Branch, H–130, 6th Street & Pennsylvania

Avenue, NW., Washington, DC 20580.

Shipping Act of 1984 (46 U.S.C. app.

1718 and 46 CFR part 510).

Persons knowing of any reason why

any of the following applicants should

not receive a lciense are requested to

contact the Office of Freight Forwarders,

Federal Maritime Commission,

Washington, D.C. 20573.

Paccent Express Line Co., 11099 South

La Cienega Blvd., #207, Los Angeles,

CA 90045, Officers: Stephen C. Liu,

President, Rachel T. Liu, Vice

President

F&F Forwarding Services, Inc., 416

N.W. 74th Avenue, Miami, FL 33166,

Officers: Flavia M. Ortiz, President,

Xiomara Sanchez, Vice President

International Exports and Marketing

Inc., 116 Jane Street, St. Rose, LA

70087, Officers: Yvonne M. Eiffert,

President, George J. Eiffert, Vice

President

RTW Express Co., 2302 East Del Amo

Blvd., Compton, CA 90220, TiethMing Cheng, Sole Proprietor

Dated: March 13, 1997.

Joseph C. Polking,

Secretary.

[FR Doc. 97–6851 Filed 3–18–97; 8:45 am]

BILLING CODE 6730–01–M

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 April 11, 1997.

A. Federal Reserve Bank of Atlanta

(Lois Berthaume, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303-2713:

1. PAB Bankshares, Inc., Valdosta,

Georgia; to acquire 100 percent of the

voting shares of First Federal Savings

Bank of Bainbridge, Bainbridge, Georgia,

which will convert to a state-chartered

bank to be known as First Community

Bank of Southwest Georgia, Bainbridge,

Georgia.

B. Federal Reserve Bank of

Minneapolis (Karen L. Grandstrand,

Vice President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480-2171:

1. Provincial Corp., Minneapolis,

Minnesota; to become a bank holding

company by acquiring 100 percent of

the voting shares of Provincial Bank,

Lakeville, Minnesota, a de novo bank.

C. Federal Reserve Bank of Kansas

City (John E. Yorke, Senior Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198-0001:

1. Kremlin Bancshares, Inc., Kremlin,

Oklahoma; to become a bank holding

company by acquiring 100 percent of

the voting shares of Bank of Kremlin,

Kremlin, Oklahoma.

Board of Governors of the Federal Reserve

System, March 13, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–6845 Filed 3-18-97; 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 April 2, 1997.

A. Federal Reserve Bank of

Philadelphia (Michael E. Collins, Senior

Vice President) 100 North 6th Street,

Philadelphia, Pennsylvania 19105-1521:

1. USABancShares, Inc.,

Philadelphia, Pennsylvania; to acquire

The Knox Financial Services Group,

Inc., Philadelphia, Pennsylvania, and

thereby engage in brokerage activities,

pursuant to § 225.25(b)(15)(i) of the

Board’s Regulation Y.

In connection with this application,

The Knox Financial Services Group,

Inc., will become USA Capital Corp.

Board of Governors of the Federal Reserve

System, March 13, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–6846 Filed 3-18-97; 8:45 am]

BILLING CODE 6210-01-F

FEDERAL TRADE COMMISSION

[Dkt. C–3722]

J.C. Penney Company, Inc., et al.;

Prohibited Trade Practices, and

Affirmative Corrective Actions

AGENCY: Federal Trade Commission.

ACTION: Consent order.

SUMMARY: In settlement of alleged

violations of federal law prohibiting

unfair or deceptive acts or practices and

unfair methods of competition, this

consent order requires, among other

things, J.C. Penney and Thrift Drugs, its

wholly-owned subsidiary, to divest by

March 21, 1997, to a Commissionapproved acquirer, a total of 161 drug

stores in North and South Carolina. The

consent order settles allegations that J.C.

Penney’s proposed acquisition of 190

Rite Aid drug stores in these two states

and Eckerd Corporation, violated

antitrust laws by substantially reducing

drug store competition.

DATES: Complaint and Order issued

February 28, 1997.1