[Federal Register Volume 60, Number 44 (Tuesday, March 7, 1995)]
[Notices]
[Page 12564]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-5485]



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FEDERAL RESERVE SYSTEM

First Union 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 must be received at the Reserve Bank indicated for the 
application or the offices of the Board of Governors not later than 
March 21, 1995.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. First Union Corporation, Charlotte, North Carolina; to acquire 
Coral Gables Fedcorp, Inc., Coral Gables, Florida, and thereby 
indirectly acquire Coral Gables Federal Savings and Loan Association, 
Coral Gables, Florida, and engage in acquiring and operating a federal 
savings bank holding company and its subsidiary savings bank, pursuant 
to Sec.  225.25(b)(9) of the Board's Regulation Y.
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690:
    1. NBD Bancorp, Inc., Detroit, Michigan and NBD Illinois, Inc. Park 
Ridge, Illinois; to acquire Deerbank Corporation, and thereby 
indirectly acquire Deerfield Federal Savings and Loan Association, and 
Northern Illinois Financial Services Corporation, all of Deerfield, 
Illinois, and thereby engage in operating a savings association, 
pursuant to Sec.  225.25(b)(9) of the Board's Regulation Y, and making 
and servicing loans, pursuant to Sec.  225.25(b)(1) of the Board's 
Regulation Y.

    Board of Governors of the Federal Reserve System, March 1, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-5485 Filed 3-6-95; 8:45 am]
BILLING CODE 6210-01-F