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[Federal Register Volume 60, Number 94 (Tuesday, May 16, 1995)]
[Notices]
[Pages 26035-26036]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-11999]

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FEDERAL RESERVE SYSTEM

Mellon Bank Corporation, et al.; Acquisitions of Companies 
Engaged in Permissible Nonbanking Activities

    The organizations listed in this notice have applied under Sec.  
225.23(a)(2) or (f) of the Board's Regulation Y (12 CFR 225.23(a)(2) or 
(f)) for the Board's approval under section 4(c)(8) of the Bank Holding 
Company Act (12 U.S.C. 1843(c)(8)) and Sec.  225.21(a) of Regulation Y 
(12 CFR 225.21(a)) to acquire or control voting securities or assets of 
a company engaged in a nonbanking activity that is listed in Sec.  
225.25 of Regulation Y as closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, such activities 
will be conducted throughout the United States.
    Each application is 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 question whether consummation of the proposal can 
``reasonably be expected to produce benefits to the public, such as 
greater convenience, increased competition, or gains in efficiency, 
that outweigh possible adverse effects, such as undue concentration of 
resources, decreased or unfair competition, conflicts of interests, or 
unsound banking practices.'' Any request for a hearing on this question 
must be accompanied by a statement of the reasons a written 
presentation would not suffice in lieu of a hearing, identifying 
specifically any questions of fact that are in dispute, summarizing the 
evidence that would be presented at a hearing, and indicating how the 
party commenting would be aggrieved by approval of the proposal.
    Unless otherwise noted, comments regarding each of these 
applications [[Page 26036]] must be received at the Reserve Bank 
indicated for the application or the offices of the Board of Governors 
not later than May 30, 1995.
    A. Federal Reserve Bank of Cleveland (John J. Wixted, Jr., Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101:
    1. Mellon Bank Corporation, Pittsburgh, Pennsylvania; to acquire 
Certus Financial Corporation, San Francisco, California, and thereby 
engage in providing investment and advisory services, pursuant to Sec.  
225.25(b)(4) of the Board's Regulation Y.
    B. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. Mountain Bancshares, Inc., Yellville, Arkansas; to acquire 
Financial Institution Services, Inc., Green Forest, Arkansas, and 
thereby engage in data processing and data transmission services for 
financial institutions, pursuant to Sec.  225.25(b)(7) of the Board's 
Regulation Y. The geographic scope for these activities is the cities 
of Yellville, Bull Shoals, and Flippin, Arkansas.

    Board of Governors of the Federal Reserve System, May 10, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-11999 Filed 5-15-95; 8:45 am]
BILLING CODE 6210-01-F
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