[Federal Register Volume 60, Number 31 (Wednesday, February 15, 1995)]
[Notices]
[Page 8660]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-3745]



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FEDERAL RESERVE SYSTEM


Deutshe Bank AG, et al.; Notice of Applications to Engage de novo 
in Permissible Nonbanking Activities

    The companies listed in this notice have filed an application under 
Sec.  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 Sec.  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 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 the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than March 1, 1995.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Deutshe Bank AG, Frankfurt, Germany; to engage de novo through 
its subsidiary Deutsche Bank Trust Company, New York, New York, in 
providing trust company functions, foreign exchange advisory and 
transactional services, and consumer financial counseling, pursuant to Secs.  
225.25(b)(3), (17) and (20) 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. First Mutual Bancorp, Inc., Decatur, Illinois; a proposed bank 
holding company, to engage de novo in making a loan to the Employee 
Stock Ownership Plan, to purchase stock in the proposed stock 
conversion of First Mutual Bank, S.B., Decatur, Illinois. Pursuant to 
Sec.  225.25(b)(1) of the Board's Regulation Y.
    C. Federal Reserve Bank of Minneapolis (James M. Lyon, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480:
    1. Jacob Schmidt Company, St. Paul, Minnesota; and American 
Bancorporation, Inc., St. Paul, Minnesota, to engage de novo through 
its subsidiary American Credit Corporation, St. Paul, Minnesota, in 
making, acquiring and servicing loans or other extensions of credit 
such as would be made by a commercial finance company, pursuant to 
Sec.  225.25(b)(1) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, February 9, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-3745 Filed 2-14-95; 8:45 am]
BILLING CODE 6210-01-F