Federal Register / Vol. 61, No. 123 / Tuesday, June 25, 1996 / Notices 32817

interests, or unsound banking practices’’

(12 U.S.C. 1843). Any request for

a hearing 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, nonbanking

activities will be conducted throughout

the United States.

Unless otherwise noted, comments

regarding each of these applications

must be received at the Reserve Bank

indicated or the offices of the Board of

Governors not later than July 19, 1996.

A. Federal Reserve Bank of Boston

(Robert M. Brady, Vice President) 600

Atlantic Avenue, Boston, Massachusetts

02106:

1. Service Bancorp, MHC, Medway,

Massachusetts; to become a bank

holding company by acquiring 100

percent of the voting shares of Medway

Savings Bank, Medway, Massachusetts.

B. Federal Reserve Bank of Chicago

(James A. Bluemle, Vice President) 230

South LaSalle Street, Chicago, Illinois

60690:

1. Farmers State Bancshares, Inc.,

Mason City, Iowa; to become a bank

holding company by acquiring 94.3

percent of the voting shares of Farmers

State Bank, Northwood, Iowa.

2. Great Lakes Financial Resources,

Inc., ESOP, Matteson, Illinois; to acquire

52.2 percent of the voting shares of

Great Lakes Financial Resources, Inc.,

Matteson, Illinois, and thereby

indirectly acquire Bank of Homewood,

Homewood, Illinois, Bank of Matteson,

Matteson, Illinois, and First National

Bank of Blue Island, Blue Island,

Illinois.

C. Federal Reserve Bank of St. Louis

(Randall C. Sumner, Vice President) 411

Locust Street, St. Louis, Missouri 63166:

1. Arkansas Banking Company,

Jonesboro, Arkansas; to acquire 100

percent of the voting shares of

Mercantile Bank of Batesville, N.A.,

Batesville, Arkansas. Comments

regarding this application must be

received not later than July 16, 1996.

D. Federal Reserve Bank of Dallas

(Genie D. Short, Vice President) 2200

North Pearl Street, Dallas, Texas 75201-

2272:

1. Texas Bancorp, Inc., San Angelo,

Texas, and San Angelo Bancorp, Inc.,

Dover, Delaware; to become a bank

holding companies by acquiring 100

percent of the voting shares of Texas

State Bank, San Angelo, Texas.

Board of Governors of the Federal Reserve

System, June 19, 1996.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 96-16087 Filed 6-24-96; 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 July 19, 1996.

A. Federal Reserve Bank of

Richmond (Lloyd W. Bostian, Jr., Senior

Vice President) 701 East Byrd Street,

Richmond, Virginia 23261:

1. Southern National Corporation,

Winston-Salem, North Carolina; to

engage de novo through its subsidiary,

Money 24, Inc., Winston-Salem, North

Carolina, in placing, in locations owned

or leased by third parties, cash

dispensing machines which would only

be able to: (1) dispense cash, (2) render

account balances, and (3) transfer funds

between existing accounts, pursuant to

§ 225.25(b)(7) of the Board’s Regulation

Y.

B. Federal Reserve Bank of

Minneapolis (James M. Lyon, Vice

President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480:

1. Norwest Corporation, Minneapolis,

Minnesota; to merge Central Computers,

Inc., Victoria, Texas into Norwest

Technical Services, Inc., Minneapolis,

Minnesota, and thereby engage in data

processing activities, pursuant to §

225.25(b)(7) of the Board’s Regulation Y.

This application represents a corporate

reorganization.

Board of Governors of the Federal Reserve

System, June 19, 1996.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 96-16088 Filed 6-24-96; 8:45 am]

BILLING CODE 6210-01-F

Sunshine Act Meeting

AGENCY HOLDING THE MEETING: Board of

Governors of the Federal Reserve

System.

TIME AND DATE: 12:00 noon, Monday,

July 1, 1996.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, C Street

entrance between 20th and 21st Streets,

N.W., Washington, D.C. 20551.

STATUS: Closed.

MATTERS TO BE CONSIDERED:

1. Personnel actions (appointments,

promotions, assignments, reassignments, and

salary actions) involving individual Federal

Reserve System employees.

2. Any items carried forward from a

previously announced meeting.

CONTACT PERSON FOR MORE INFORMATION:

Mr. Joseph R. Coyne, Assistant to the

Board; (202) 452–3204. You may call

(202) 452–3207, beginning at

approximately 5 p.m. two business days

before this meeting, for a recorded

announcement of bank and bank

holding company applications

scheduled for the meeting.

Dated: June 21, 1996.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 96–16348 Filed 6–21–96; 3:28 pm]

BILLING CODE 6210–01–P