[Federal Register Volume 60, Number 40 (Wednesday, March 1, 1995)]
[Notices]
[Pages 11096-11097]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-4973]



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FEDERAL RESERVE SYSTEM

Deutsche Bank AG, 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 15, 1995.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Deutsche Bank, AG, Frankfurt, Federal Republic of Germany; to 
acquire ITT Business Services Corporation, Clayton, Missouri, and ITT 
Commercial Finance Corporation, Hato Rey, Puerto Rico, and thereby 
engage in making and servicing loans, pursuant to Sec.  225.25(b)(1) of 
the Board's Regulation Y, and to provide data processing services, 
pursuant to Sec.  225.25(b)(7) 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. Castle BancGroup, Inc., DeKalb, Illinois; to acquire through a 
newly organized subsidiary, Castle Mortgage, Inc. DeKalb, Illinois, 
Premier Home Financing, Inc., Oak Brook, Illinois, with offices in 
Arlington, Heights, Illinois, Naperville, Illinois, and Merrillville, 
Indiana, and thereby engage in making and servicing loans, pursuant to 
Sec.  225.25(b)(1) of the Board's Regulation Y; acting as principal, 
agent, or broker for credit insurance, pursuant to Sec.  
225.25(b)(8)(i) of the Board's Regulation Y; performing appraisals of 
real estate and tangible and intangible personal property, pursuant to 
Sec.  225.25(b)(13); and arranging commercial real estate equity 
financing, pursuant to Sec.  225.25(b)(14) of the Board's Regulation Y.

    [[Page 11097]] Board of Governors of the Federal Reserve System, 
February 23, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-4973 Filed 2-28-95; 8:45 am]
BILLING CODE 6210-01-F