Federal Register / Vol. 60, No. 235 / Thursday, December 7, 1995 / Notices 62859

certain foreign exchange spot, forward,

futures, and options transactions, The

Bank of Tokyo, Ltd., 76 Fed. Res. Bull.

654 (1990), and BOT Financial Corp.,

Boston, Massachusetts, and thereby

engage in making, acquiring or servicing

loans, pursuant to § 225.25(b)(1), acting

as investment or financial advisor,

pursuant to § 225.25(b)(4), leasing

services, pursuant to § 225.25(b)(5), and

providing data processing and data

transmission services, pursuant to §

225.25(b)(7) of the Board’s Regulation Y.

In connection with this application,

Union Bank, San Francisco, California,

will become a bank holding company by

acquiring 100 percent of the voting

shares of BanCal Tri-State Corporation,

San Francisco, California, and thereby

indirectly acquire The Bank of

California, N.A., San Francisco,

California. The Bank of California will

acquire the banking assets and assume

the liabilities of Union Bank and Union

Bank will cease to be an insured

institution.

In connection with this proposal, The

Mitsubishi Bank Ltd. and Union Bank

have applied to acquire UB Investment

Services, Inc., Los Angeles, California,

and thereby engage in investment

advisory services, pursuant to §

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

securities brokerage activities, pursuant

to § 225.25(b)(15) of the Board’s

Regulation Y; and acting as riskless

principal, pursuant to Bankers Trust

New York Corporation, 75 Fed. Res.

Bull. 829 (1989); Bankers Commercial

Corporation, San Diego, California, UB

Leasing, Inc., Los Angeles, California,

and Unionbanc Leasing Corp., Los

Angeles, California, and thereby engage

in making, acquiring or servicing loans,

pursuant to § 225.25(b)(1); acting as

investment or financial advisor,

pursuant to § 225.25(b)(4); and leasing

services, pursuant to § 225.25(b)(5), and

providing data processing and data

transmission services, pursuant to §

225.25(b)(7) of the Board’s Regulation Y;

Stanco Properties, Inc., San Francisco,

California, and thereby engage in escrow

and custodial services, pursuant to §

225.25(b)(3) of the Board’s Regulation Y;

and UB Mortgage Corp., San Francisco,

California, and thereby engage in acting

as trustee under deeds of trust, pursuant

to § 225.25(b)(1) of the Board’s

Regulation Y.

Board of Governors of the Federal Reserve

System, December 1, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–29820 Filed 12–6–95; 8:45 am]

BILLING CODE 6210–01–F

Southern National Corporation, et al.;

Notice of Applications to Engage de

novo in Permissible Nonbanking

Activities

The companies listed in this notice

have filed an application under §

225.23(a)(1) of the Board’s Regulation Y

(12 CFR 225.23(a)(1)) for the Board’s

approval under section 4(c)(8) of the

Bank Holding Company Act (12 U.S.C.

1843(c)(8)) and § 225.21(a) of Regulation

Y (12 CFR 225.21(a)) to commence or to

engage de novo, either directly or

through a subsidiary, in a nonbanking

activity that is listed in § 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 the applications must be

received at the Reserve Bank indicated

or the offices of the Board of Governors

not later than December 21, 1995.

A. Federal Reserve Bank of

Richmond (Lloyd W. Bostian, Jr., Senior

Vice President) 701 East Byrd Street,

Richmond, Virginia 23261:

1. Southern National Corporation,

Winston-Salem, North Carolina; to

engage de novo in making, acquiring, or

servicing loans or other extensions of

credit, pursuant to § 225.25(b)(1) of the

Board’s Regulation Y.

B. Federal Reserve Bank of Atlanta

(Zane R. Kelley, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303:

1. Central and Southern Holding

Company, Milledgeville, Georgia; to

engage de novo in operating a savings

association, pursuant to § 225.25(b)(9)

of the Board’s Regulation Y. Applicant

will charter an interim thrift, Central

and Southern of North Georgia,

Greensboro, Georgia, which will be

merged with Applicant’s existing

subsidiary, Central and Southern Bank

of Greensboro.

C. Federal Reserve Bank of Kansas

City (John E. Yorke, Senior Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198:

1. Colorado Business Bankshares,

Inc., Denver, Colorado; to engage de

novo through its subsidiary, Colorado

Business Leasing, Inc., Denver,

Colorado, in leasing personal property,

pursuant to § 225.25(b)(5) of the Board’s

Regulation Y.

Board of Governors of the Federal Reserve

System, December 1, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–29821 Filed 12–6–95; 8:45 am]

BILLING CODE 6210–01–F

Wells Fargo & Company; Change in

Bank Control Notices; Acquisitions of

Shares of Banks or Bank Holding

Companies; Correction

This notice corrects a notice (FR Doc.

95-28984) published on page 58627 of

the issue for Tuesday, November 28,

1995.

Under the Federal Reserve Bank of

San Francisco heading, the entry for

Wells Fargo & Company, is revised to

read as follows:

1. Wells Fargo & Company San

Francisco, California; to acquire at least

50.1 percent of the voting shares of First

Interstate Bancorp, Los Angeles,

California, and thereby indirectly

acquire First Interstate Bank of Alaska,

N.A., Anchorage, Alaska; First Interstate

Bank of Arizona, N.A., Phoenix,

Arizona; First Interstate Bank of

California, Los Angeles, California; First

Interstate Bank of Denver, N.A., Denver,

Colorado; First Interstate Bank of

Englewood, N.A., Englewood, Colorado;

First Interstate Bank of Idaho, N.A.,

Boise, Idaho; First Interstate Bank of

Montana, N.A., Kalispell, Montana; First

Interstate Bank of Nevada, N.A., Las

Vegas, Nevada; First Interstate Bank of

New Mexico, N.A., Santa Fe, New

Mexico; First Interstate Bank of Oregon,

N.A., Portland, Oregon; First Interstate

Bank of Texas, N.A., Houston, Texas;

First Interstate Bank of Utah, N.A., Salt

Lake City, Utah; First Interstate Bank of

Washington, N.A., Seattle, Washington;

First Interstate Bank of Wyoming, N.A.,