39570 Federal Register / Vol. 63, No. 141 /Thursday, July 23, 1998 / Notices

Respondents violated sections 10(b)(1),

(5), (6), (10), (12), and (14) and 10(d) of

the Shipping Act of 1984, 46 U.S.C. app.

§§ 1709(b)(1), (5), (6), (10), (12), and (14)

and (d)(1), by providing a quote under

one name for the shipment of tire

recycling equipment from San Antonio,

Texas to Bubai, U.A.E., demonstrating

authority to act as a non-vessel

operating common carrier by producing

the title page of a tariff filed in another

name, making threats to Complaint and

one of Complaint’s employees for

Complainant’s decision not to use

Respondents for the shipment, then

trying to sell tire-recycling machinery

directly to Complainant’s client,

threatening to sue Complainant’s

colleagues and customers and acting as

an unlicensed NVOCC or freight

forwarder.

This proceeding has been assigned to

the office of Administrative Law Judges.

Hearing in this matter, if any is held,

shall commence within the time

limitations prescribed in 46 CFR 502.61,

and only after consideration has been

given by the parties and the presiding

officer to the use of alternative forms of

dispute resolution. The hearing shall

include oral testimony and crossexamination in the discretion of the

presiding officer only upon proper

showing that there are genuine issues of

material fact that cannot be resolved on

the basis of sworn statement, affidavits,

depositions, or other documents or that

the nature of the matter in issue is such

that an oral hearing and crossexamination are necessary for the

development of an adequate record.

Pursuant to the further terms of 46 CFR

502.61, the initial decision of the

presiding officer in this proceeding shall

be issued by July 19, 1999, and the final

decision of the Commission shall be

issued by November 16, 1999.

Ronald D. Murphy,

Assistant Secretary.

[FR Doc. 98–19585 Filed 7–22–98; 8:45 am]

BILLING CODE 6730–01–M

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 August

6, 1998.

A. Federal Reserve Bank of Kansas

City (D. Michael Manies, Assistant Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198-0001:

1. Swarts Family Investment

Company, LLC, Oklahoma City,

Oklahoma; to acquire voting shares of

Guaranty Bancshares, Inc., Oklahoma

City, Oklahoma, and thereby indirectly

acquire voting shares of Guaranty Bank

& Trust Company, Oklahoma City,

Oklahoma.

Board of Governors of the Federal Reserve

System, July 17, 1998.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 98–19606 Filed 7–22–98; 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 August 17,

1998.

A. Federal Reserve Bank of

Minneapolis (Karen L. Grandstrand,

Vice President) 90 Hennepin Avenue,

P.O. Box 291, Minneapolis, Minnesota

55480-0291:

1. Norwest Corporation, Minneapolis,

Minnesota (Norwest); to acquire and

merge with Wells Fargo & Company,

San Francisco, California (Wells Fargo),

and thereby acquire all of the bank

subsidiaries of Wells Fargo, which

include Wells Fargo Bank, N.A., San

Francisco, California; Wells Fargo Bank

(Texas), N.A., Houston, Texas; Wells

Fargo Bank (Arizona), N.A., Phoenix,

Arizona; Wells Fargo Bank, Ltd., Los

Angeles, California; Wells Fargo Central

Bank, Calabasas, California; and Wells

Fargo HSBC Trade Bank, N.A., San

Francisco, California. On consummation

of the proposed transaction, Norwest

Corporation would be renamed Wells

Fargo & Company. Norwest would

continue to control all of its existing

bank and nonbank subsidiaries.

In connection with the proposed

transaction, Norwest also proposes to

acquire all of the nonbank subsidiaries

of Wells Fargo and to engage, directly or

indirectly through such nonbank

subsidiaries, in a variety of nonbanking

activities that previously have been

determined to be permissible for bank

holding companies. The nonbanking

companies that Norwest proposes to

acquire are listed in the notice filed

with the Board and include Crocker Life

Insurance Company, Concord,

California, and Wells Fargo Equity

Capital, Inc., San Francisco, California.

The nonbanking activities of the

companies to be acquired also are listed

in the notice and include extending

credit and servicing loans, pursuant to

12 CFR 225.28(b)(1); and acting as

principal, agent, or broker in connection

with the sale of credit-related insurance,

pursuant to 12 CFR 225.28(b)(11); and

engaging in all activities that Wells

Fargo currently is authorized to

conduct.

In connection with the proposed

transaction, Norwest also has provided

notice under 12 C.F.R. 211.5(c)(3) to

acquire FIL Holding Company, and First

Interstate Services Co. (UK), London,

United Kingdom.

Norwest also has applied to acquire

an option to purchase up to 19.9 percent

of the outstanding shares of Wells

Fargo’s common stock. The option

would expire upon consummation of

the merger. Comments regarding this