Federal Register / Vol. 61, No. 109 / Wednesday, June 5, 1996 / Notices 28587

indicated or the offices of the Board of

Governors not later than July 1, 1996.

A. Federal Reserve Bank of Atlanta

(Zane R. Kelley, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303:

1. Appalachian Bancshares, Inc.,

Ellijay, Georgia; to become a bank

holding company by acquiring 100

percent of the voting shares of Gilmer

County Bank, Ellijay, Georgia.

B. Federal Reserve Bank of Kansas

City (John E. Yorke, Senior Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198:

1. Platte Valley Banc, Inc., Scottsbluff,

Nebraska; to become a bank holding

company by acquiring 100 percent of

the voting shares of Platte Valley

National Bank, Scottsbluff, Nebraska, a

de novo bank.

Board of Governors of the Federal Reserve

System, May 31, 1996.

William W. Wiles,

Secretary of the Board.

[FR Doc. 96–14152 Filed 6–4–96; 8:45 am]

BILLING CODE 6210–01–F

Notice of Proposals to Engage in

Permissible Nonbanking Activities or

to Acquire Companies that are

Engaged in Permissible Nonbanking

Activities

The companies listed in this notice

have given notice under section 4 of the

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

1843) (BHC Act) and Regulation

Y, (12 CFR part 225) to engage de novo,

or to acquire or control voting securities

or assets of a company that engages

either directly or through a subsidiary or

other company, in a nonbanking activity

that is listed in § 225.25 of Regulation

Y (12 CFR 225.25) or that the Board has

determined by Order to be closely

related to banking and permissible for

bank holding companies. Unless

otherwise noted, these activities will be

conducted throughout the United States.

Each notice is available for 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 the proposal complies

with the standards of section 4 of the

BHC Act, including 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’’

(12 U.S.C. 1843). 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 June 19, 1996.

A. Federal Reserve Bank of Cleveland

(R. Chris Moore, Senior Vice President)

1455 East Sixth Street, Cleveland, Ohio

44101:

1. BancFirst Ohio Corp., Zanesville,

Ohio; to acquire County Savings Bank,

Newark, Ohio, and thereby engage in

operating a savings association,

pursuant to § 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. Southwest Financial Group of Iowa,

Inc., Red Oak, Iowa; to engage de novo

in making and servicing loans, pursuant

to § 225.25(b)(1) of the Board’s

Regulation Y.

Board of Governors of the Federal Reserve

System, May 30, 1996.

William W. Wiles,

Secretary of the Board.

[FR Doc. 96–14030 Filed 6–4–96; 8:45 am]

BILLING CODE 6210–01–F

Consumer Advisory Council; Notice of

Meeting of Consumer Advisory

Council

The Consumer Advisory Council will

meet on Thursday, June 27. The

meeting, which will be open to public

observation, will take place in Terrace

Room E of the Martin Building. The

meeting is expected to begin at 9:00 a.m.

and to continue until 4:00 p.m., with a

lunch break from 1:00 p.m. until 2:30

p.m. The Martin Building is located on

C Street, Northwest, between 20th and

21st Streets in Washington, D.C.

The Council’s function is to advise

the Board on the exercise of the Board’s

responsibilities under the Consumer

Credit Protection Act and on other

matters on which the Board seeks its

advice. Time permitting, the Council

will discuss the following topics:

Home Equity Lines of Credit.

Discussion led by the Consumer Credit

Committee on the Board’s upcoming

report to Congress on whether the Truth

in Lending Act cost disclosure and other

rules for home equity lines of credit

provide adequate consumer protections.

The Board’s report may include

suggestions for legislative revisions.

Community Reinvestment Act Reform.

Discussion led by the Bank Regulation

Committee on the results of the small

bank examinations conducted since the

implementation of revised CRA

regulations.

Interim Report on Streamlining

Mortgage Loan Closing Process.

Discussion led by the Community

Affairs and Housing Committee on its

efforts, jointly with the Consumer Credit

Committee, to identify and recommend

areas to streamline the mortgage closing

paperwork process.

Regulatory Coverage for Stored-Value

Cards and Electronic Banking.

Discussion led by the Depository and

Delivery Systems Committee on the

proposal by the Federal Reserve Board

to exempt many types of stored-value

cards from consumer protections

included in Regulation E.

Governor’s Report. Report by Federal

Reserve Board Member Lawrence B.

Lindsey on economic conditions, recent

Board initiatives, and issues of concern,

with an opportunity for questions from

Council members.

Members Forum. Presentation of

individual Council members’ views on

the economic conditions present within

their industries or local economies.

Committee Reports. Reports from

Council committees on their work for

1996.

Other matters previously considered

by the Council or initiated by Council

members also may be discussed.

Persons wishing to submit to the

Council their views regarding any of the

above topics may do so by sending

written statements to Deanna AdayKeller, Secretary, Consumer Advisory

Council, Division of Consumer and

Community Affairs, Board of Governors

of the Federal Reserve System,

Washington, D.C. 20551. Comments

must be of a quality suitable for

reproduction.

Information with regard to this

meeting may be obtained from Ms.

Aday-Keller, 202-452-6470.

Telecommunications Device for the Deaf

(TDD) users may contact Dorothea

Thompson, 202-452-3544.

Board of Governors of the Federal Reserve

System, May 30, 1996.

William W. Wiles,

Secretary of the Board

[FR Doc. 96–14052 Filed 6–4–96; 8:45 am]

BILLING CODE 6210–01–F