Federal Register / Vol. 60, No. 249 / Thursday, December 28, 1995 / Notices 67135

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 January 11, 1996.

A. Federal Reserve Bank of

Philadelphia (Michael E. Collins, Senior

Vice President) 100 North 6th Street,

Philadelphia, Pennsylvania 19105, and

Federal Reserve Bank of Cleveland

(John J. Wixted, Jr., Vice President) 1455

East Sixth Street, Cleveland, Ohio

44101:

1. CoreStates Financial Corp.,

Philadelphia, Pennsylvania, Banc One

Corporation, Columbus, Ohio, KeyCorp,

Cleveland, Ohio, National City

Corporation, Cleveland, Ohio, PNC

Bank Corp., Pittsburgh, Pennsylvania; to

engage de novo through their joint

venture subsidiary, Electronic Payment

Services, Inc., Wilmington, Delaware, in

providing data processing services in

connection with an enhanced

automated teller machine function,

enabling financial institutions to

dispense money orders, travelers

checks, and postage stamps, pursuant to

Board Order, The Bank of New York

Company, 80 Fed. Res. Bull. 1107

(1994).

Board of Governors of the Federal Reserve

System, December 21, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–31425 Filed 12–27–95; 8:45 am]

BILLING CODE 6210–01–F

CoreStates Financial Corp.; Formation

of, Acquisition by, or Merger of Bank

Holding Companies; and Acquisition

of Nonbanking Company

The company listed in this notice has

applied under § 225.14 of the Board’s

Regulation Y (12 CFR 225.14) for the

Board’s approval under section 3 of the

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

1842) to become a bank holding

company or to acquire voting securities

of a bank or bank holding company. The

listed company also has given notice

under § 225.23(a)(2) of Regulation Y (12

CFR 225.23(a)(2)) for the 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, or to engage in such an

activity. Unless otherwise noted, these

activities will be conducted throughout

the United States.

The 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 to acquire the non-banking

subsidiaries 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 January 22,

1996.

A. Federal Reserve Bank of

Philadelphia (Michael E. Collins, Senior

Vice President) 100 North 6th Street,

Philadelphia, Pennsylvania 19105:

1. CoreStates Financial Corp.,

Philadelphia, Pennsylvania; to merge

with Meridian Bancorp, Inc., Reading,

Pennsylvania, and thereby indirectly

acquire Meridian Bank, Reading,

Pennsylvania; Delaware Trust Company,

Wilmington, Delaware; and Meridian

Bank, New Jersey, Cherry Hill, New

Jersey. Applicant also has applied to

acquire 24.9 percent of the voting shares

of First Commercial Bank of

Philadelphia, Philadelphia,

Pennsylvania, and 6.7 percent of the

voting shares of United Bank of

Philadelphia, Philadelphia,

Pennsylvania.

In connection with this application,

Applicant, also has applied to acquire

McGlinn Capital Management, Inc.,

Wyomissing, Pennsylvania, and thereby

engage in providing investment advise,

pursuant to § 225.25(b)(4) of the Board’s

Regulation Y; Meridian Acceptance

Corporation, Trenton, New Jersey, and

thereby engage in lending activities,

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

Regulation Y; Meridian Asset

Management, Inc., Malvern,

Pennsylvania, Meridian Trust Company,

Malvern, Pennsylvania, and Meridian

Trust Company of California, San

Francisco, California (in dissolution),

and thereby engage in trust company

activities, pursuant to § 225.25(b)(3) of

the Board’s Regulation Y; Meridian

Investment Company, Malvern,

Pennsylvania, and thereby engage in

providing investment advice, pursuant

to § 225.25(b)(4) of the Board’s

Regulation Y; Meridian Commercial

Financial Corporation, Philadelphia,

Pennsylvania, and thereby engage in

lending activities, pursuant to §

225.25(b)(1) of the Board’s Regulation Y;

Meridian Life Insurance Company,

Phoenix, Arizona, and thereby engage in

the sale of credit-related insurance,

pursuant to § 225.25(b)(8)(i) of the

Board’s Regulation Y; and Meridian

Securities, Inc., Reading, Pennsylvania,

and thereby engage in providing

securities brokerage services and advice,

pursuant to § 225.25(b)(15)(i) and (ii),

and underwriting and dealing in

government obligations and money

market instruments, pursuant to §

225.25(b)(16) of the Board’s Regulation

Y.
67136 Federal Register / Vol. 60, No. 249 / Thursday, December 28, 1995 / Notices

Board of Governors of the Federal Reserve

System, December 21, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–31426 Filed 12–27–95; 8:45 am]

BILLING CODE 6210–01–F

Harris Financial, MHC, et al.;

Acquisitions of Companies Engaged in

Permissible Nonbanking Activities

The organizations listed in this notice

have applied under § 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 § 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.

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

must be received at the Reserve Bank

indicated for the application or the

offices of the Board of Governors not

later than January 11, 1996.

A. Federal Reserve Bank of

Philadelphia (Michael E. Collins, Senior

Vice President) 100 North 6th Street,

Philadelphia, Pennsylvania 19105:

1. Harris Financial, MHC, Harrisburg,

Pennsylvania; to acquire First

Harrisburg Bancor, Inc., Harrisburg,

Pennsylvania, and its wholly owned

subsidiaries, First Federal Savings and

Loan Association of Harrisburg,

Harrisburg, Pennsylvania, and thereby

engage in the ownership and operation

of a savings association, pursuant to §

225.25(b)(9) of the Board’s Regulation Y;

AVSTAR Mortgage Corporation, Blue

Bell, Pennsylvania, and thereby engage

in mortgage banking, pursuant to §

225.25(b)(1) of the Board’s Regulation Y;

First Harrisburg Service Corporation,

Harrisburg, Pennsylvania, and its

subsidiaries, First Financial Insurance

Agency, Harrisburg, Pennsylvania, and

thereby engage in certain insurance

agency activities, pursuant to §

225.25(b)(8)(iv). These activities will be

conducted in Pennsylvania, New Jersey

and Delaware.

B. Federal Reserve Bank of Chicago

(James A. Bluemle, Vice President) 230

South LaSalle Street, Chicago, Illinois

60690:

1. S.B.C.P. Bancorp, Inc., Cross Plains,

Wisconsin; to acquire T&S Insurance

Agency, Cross Plains, Wisconsin, and

thereby engage in insurance agency

activities in a town of less than 5,000 in

population, pursuant to §

225.25(b)(8)(iii) of the Board’s

Regulation Y.

Board of Governors of the Federal Reserve

System, December 21, 1995.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 95–31427 Filed 12–27–95; 8:45 am]

BILLING CODE 6210–01–F

Keycorp; 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 January 11,

1996.

A. Federal Reserve Bank of Cleveland

(John J. Wixted, Jr., Vice President) 1455

East Sixth Street, Cleveland, Ohio

44101:

1. KeyCorp, Cleveland, Ohio; to

engage de novo through its subsidiary,

Key Capital Markets, Inc., Cleveland,

Ohio, in providing certain investment

and financial advisory services,

pursuant to § 225.25(b)(4) of the Board’s

Regulation Y; in providing brokerage

services and investment advisory

services, both separately and on a

combined basis in connection with the

purchase and sale of securities,

pursuant to § 225.25(b)(15) of the

Board’s Regulation Y; in underwriting

and dealing in bank eligible securities,

pursuant to § 225.25(b)(16) of the

Board’s Regulation Y; in underwriting

and dealing in Tier 1 securities on a

limited basis and within the framework

previously imposed by the Board of

Governors; in buying and selling all

types of securities on a riskless

principal basis; in acting as agent in the

private placement of all types of

securities Citicorp 73 Fed. Res. Bull. 473

(1987); and Bankers Trust New York

Corporation, 75 Fed. Res. Bull. 829

(1989); in providing certain foreign

exchange and transactional advisory

services, pursuant to § 225.25(b)(17) of

the Board’s Regulation Y; and in trading

for its own account, for purposes other

than hedging, in futures, options and

options on certificates of deposit or

other money market instruments that

are permissible for national banks, Swiss

Bank Corporation, 77 Fed. Res. Bull.

759 (1991).