Federal Register / Vol. 60, No. 237 / Monday, December 11, 1995 / Notices 63529

Governors. Comments must be received

not later than December 27, 1995.

A. Federal Reserve Bank of Dallas

(Genie D. Short, Vice President) 2200

North Pearl Street, Dallas, Texas 75201-

2272:

1. Rodney G. Joy, Cranfills Gap, Texas;

to acquire an additional 4.18 percent,

for a total of 20.82 percent, and Bosque

Bancshares, Inc. Employee Stock

Ownership Plan, Rodney G. Joy,

Trustee, Cranfills Gap, Texas, to acquire

an additional 5.67 percent, for a total of

10.35 percent, of the voting shares of

Bosque Bancshares, Inc., Cranfills Gap,

Texas, and thereby indirectly acquire

First Security State Bank, Cranfills Gap,

Texas.

Board of Governors of the Federal Reserve

System, December 5, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–30040 Filed 12–8–95; 8:45 am]

BILLING CODE 6210–01–F

Norwest Corporation; Notice of

Proposal to Engage de novo in

Permissible Nonbanking Activities

The company listed in this notice has

given notice 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.

The notice is available for immediate

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

commencement of the activity 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.

Comments regarding the application

must be received at the Reserve Bank

indicated or the offices of the Board of

Governors not later than December 28,

1995.

A. Federal Reserve Bank of

Minneapolis (James M. Lyon, Vice

President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480:

1. Norwest Corporation, Minneapolis,

Minnesota; to engage de novo in issuing

commercial and standby letters of credit

related to customers of The Foothill

Group, Los Angeles, California,

pursuant to § 225.25(b)(1) of the Board’s

Regulation Y, and issuing shipping

guarantees, pursuant to § 211.3(b)(1) of

the Board’s Regulation K.

Board of Governors of the Federal Reserve

System, December 6, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–30140 Filed 12–8–95; 8:45 am]

BILLING CODE 6210–01–F

Storm Lake Security Bancorporation,

et al.; Formations of; Acquisitions by;

and Mergers of Bank Holding

Companies

The companies listed in this notice

have applied for the Board’s approval

under section 3 of the Bank Holding

Company Act (12 U.S.C. 1842) and §

225.14 of the Board’s Regulation Y (12

CFR 225.14) to become a bank holding

company or to acquire a bank or bank

holding company. The factors that are

considered in acting on the applications

are set forth in section 3(c) of the Act

(12 U.S.C. 1842(c)).

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 to the

Reserve Bank or to the offices of the

Board of Governors. Any comment on

an application that requests a hearing

must include a statement of why a

written presentation would not suffice

in lieu of a hearing, identifying

specifically any questions of fact that

are in dispute and summarizing the

evidence that would be presented at a

hearing.

Unless otherwise noted, comments

regarding each of these applications

must be received not later than January

9, 1996.

A. Federal Reserve Bank of Chicago

(James A. Bluemle, Vice President) 230

South LaSalle Street, Chicago, Illinois

60690:

1. Storm Lake Security

Bancorporation, Storm Lake, Iowa; to

become a bank holding company by

acquiring 88.8 percent of the voting

shares of Security Trust & Savings Bank,

Storm Lake, Iowa.

B. Federal Reserve Bank of St. Louis

(Randall C. Sumner, Vice President) 411

Locust Street, St. Louis, Missouri 63166:

1. Magna Group, Inc., St. Louis,

Missouri; to merge with River Bend

Bancshares, Inc., East Alton, Illinois,

and thereby indirectly acquire Illinois

State Bank & Trust, East Alton, Illinois.

Board of Governors of the Federal Reserve

System, December 6, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–30141 Filed 12–8–95; 8:45 am]

BILLING CODE 6210–01–F

Summit Bancorp, Inc.; Acquisition of

Company Engaged in Permissible

Nonbanking Activities

The organization listed in this notice

has given notice under § 225.23(a)(2) or

(e) of the Board’s Regulation Y (12 CFR

225.23(a)(2) or (e)) 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 acquire or

control voting securities or assets of a

company engaged 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.

The notice is available for immediate

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

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,