36408 Federal Register / Vol. 63, No. 128 / Monday, July 6, 1998 / Notices

2. What will be the effect of the

proposed two time frame charge-off

options on institutions? If possible,

please quantify, in dollar amounts and

percentages (of total operating

expenses), the impact of the proposed

options in the charge-off policy in the

first year of implementation and in

subsequent years for open-end and

closed-end credits on:

(a) gross and net charge-offs;

(b) recoveries;

(c) earnings; and

(d) securitization transactions.

3. What are the expected dollar costs

of reprogramming to implement the first

option (uniform charge-off policy at 150

days past due) and what percentage of

total operating expenses do those

programming dollars represent? Also,

can the programming changes be

completed by the proposed January 1,

2001 implementation date?

4. Please provide any other

information that the FFIEC should

consider in determining the final policy

statement including the optimal

implementation date for the proposed

changes.

Dated: June 30, 1998.

Keith J. Todd,

Acting Executive Secretary, Federal Financial

Institutions Examination Council.

[FR Doc. 98–17782 Filed 7–2–98; 8:45 am]

BILLING CODE 6210–01–P, 25% 6714–01–P, 25% 6720–

01–P, 25% 4810–33–P 25%

FEDERAL RESERVE SYSTEM

Change in Bank Control Notices;

Acquisitions of Shares of Banks or

Bank Holding Companies

The notificants listed below have

applied under the Change in Bank

Control Act (12 U.S.C. 1817(j)) and §

225.41 of the Board’s Regulation Y (12

CFR 225.41) to acquire a bank or bank

holding company. The factors that are

considered in acting on the notices are

set forth in paragraph 7 of the Act (12

U.S.C. 1817(j)(7)).

The notices are available for

immediate inspection at the Federal

Reserve Bank indicated. The notices

also will be available for inspection at

the offices of the Board of Governors.

Interested persons may express their

views in writing to the Reserve Bank

indicated for that notice or to the offices

of the Board of Governors. Comments

must be received not later than July 20,

1998.

A. Federal Reserve Bank of St. Louis

(Randall C. Sumner, Vice President) 411

Locust Street, St. Louis, Missouri 63102-

2034:

1. Keith Ray Loeffler, Allendale,

Illinois; to acquire additional voting

shares of Allendale Bancorp, Inc.,

Allendale, Illinois, and thereby

indirectly acquire First National Bank of

Allendale, Allendale, Illinois.

Board of Governors of the Federal Reserve

System, June 29, 1998.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 98–17742 Filed 7-2-98; 8:45 am]

BILLING CODE 6210-01-F

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. The application also will 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 July 28, 1998.

A. Federal Reserve Bank of Cleveland

(Paul Kaboth, Banking Supervisor) 1455

East Sixth Street, Cleveland, Ohio

44101-2566:

1. FNB Corporation, Hermitage,

Pennsylvania, and Southwest Banks,

Inc.; to merge with Citizens Holding

Corporation, Clearwater, Florida, and

thereby indirectly acquire Citizens Bank

and Trust Company, Clearwater,

Florida.

Board of Governors of the Federal Reserve

System, June 29, 1998.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 98–17741 Filed 7-2-98; 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, including the

companies listed below, 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 July 20, 1998.

A. Federal Reserve Bank of Boston

(Richard Walker, Community Affairs

Officer) 600 Atlantic Avenue, Boston,

Massachusetts 02106-2204:

1. UST Corp., Boston, Massachusetts;

to acquire through Cambridge Trade

Finance Corp., Boston, Massachusetts

certain assets of Cambridge Trading

Services Corporation, Boston,

Massachusetts, and thereby engage in

extending credit and servicing loans,

pursuant to § 225.28(b)(1).

B. Federal Reserve Bank of New York

(Betsy Buttrill White, Senior Vice

President) 33 Liberty Street, New York,

New York 10045-0001:

1. Deutsche Bank AG, Frankfurt,

Main, Federal Republic of Germany; to

acquire Bouclier Vert Limite’ L.L.C. d/

b/a/ Green Shield Limited, L.L.C.,

Woodbury, New Jersey, and thereby

engage in residential mortgage