[Federal Register Volume 60, Number 66 (Thursday, April 6, 1995)]
[Notices]
[Pages 17532-17533]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8405]



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[[Page 17533]]

FEDERAL RESERVE SYSTEM


The Bank of New York Company Inc., 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 
April 19, 1995.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. The Bank of New York Company Inc., New York, New York; to 
acquire Related Guaranteed Corporate Partners, L.P., New York, New 
York, and thereby engage in making equity and debt investments in 
corporations or projects designed primarily to promote community 
welfare, such as economic rehabilitation and development of low-income 
areas by providing housing, services or jobs for residents, pursuant to 
Sec.  225.25(b)(6) 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. Union-Calhoun Investments, Ltd., Rockwell City, Iowa; to acquire 
Keith Insurance, Rockwell City, Iowa, and thereby engage in insurance 
agency activities in towns of less than 5,000 and tax preparation, 
pursuant to Sec.  225.25(b)(8)(iii) and (b)(21) of the Board's 
Regulation Y.
    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166:
    1. New Era Bancorporation, Inc., Fredericktown, Missouri; to 
acquire up to an additional 6.54 percent (for a total of 9.99 percent) 
of the voting shares of St. Francois County Financial Corp., 
Farmington, Missouri, and thereby acquire St. Francois County Savings 
and Loan Association, Farmington, Missouri, and thereby engage in 
operating a savings association, pursuant to Sec.  225.25(b)(9) of the 
Board's Regulation Y, and in the sale as agent of credit-related 
insurance, pursuant to Sec.  225.25(b)(8)(i) of the Board's Regulation 
Y.

    Board of Governors of the Federal Reserve System, March 31, 
1995.
Barbara R. Lowrey,
Associate Secretary of the Board.
[FR Doc. 95-8405 Filed 4-5-95; 8:45 am]
BILLING CODE 6210-01-F