35216 Federal Register / Vol. 61, No. 130 / Friday, July 5, 1996 / Notices

bank holding company by acquiring an

additional 4.42 percent, for a total of

14.12 percent, of the voting shares of

Monarch Bancorp, Laguna Niguel,

California, and thereby directly acquire

Monarch Bank, Laguna Niguel,

California, and Western Bank, Los

Angeles, California.

In addition, Eggemeyer Corp, Chicago,

Illinois; has applied to retain its 52

percent investment in Belle Plaine

Financial, L.L.C., Chicago, Illinois, and

thereby engage in providing investment

and financial advice, pursuant to §

225.25(b)(4)(vi)(A)(1).

Board of Governors of the Federal Reserve

System, June 28, 1996.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 96–17095 Filed 7–3–96; 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 Atlanta

(Zane R. Kelley, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303:

1. Gulf West Banks, Inc., St.

Petersburg, Florida; to acquire Liberty

Leasing Corporation, Tampa, Florida,

and thereby engage in leasing activities,

pursuant to § 225.25(b)(5) of the Board’s

Regulation Y.

B. Federal Reserve Bank of St. Louis

(Randall C. Sumner, Vice President) 411

Locust Street, St. Louis, Missouri 63166:

1. Sharon Bancshares, Inc., Sharon,

Tennessee, to engage de novo in offering

a full range of portfolio investment

advice and securities brokerage services

to customers of its subsidiary banks,

pursuant to §§ 225.25(b)(4) and (15) of

the Board’s Regulation Y.

C. Federal Reserve Bank of

Minneapolis (James M. Lyon, Vice

President) 250 Marquette Avenue,

Minneapolis, Minnesota 55480:

1. Norwest Corporation, Minneapolis,

Minnesota, Norwest Financial Services,

Inc., Des Moines, Iowa, and Norwest

Financial, Inc., Des Moines, Iowa; to

indirectly acquire Sunburst Financial

Services, Inc., Jackson, Mississippi, dba

Rapid Finance, Inc., through it

subsidiaries, Norwest Financial

Louisiana, Inc., Des Moines, Iowa, and

Norwest Financial Mississippi, Inc., Des

Moines, Iowa, and thereby indirectly

engage in consumer finance activities

and in the sale of credit life, credit

accident and health, and property and

credit-related casualty insurance

pursuant to §§ 225.25(b)(1) and (8)(vii)

of the Board’s Regulation Y.

D. Federal Reserve Bank of Kansas

City (John E. Yorke, Senior Vice

President) 925 Grand Avenue, Kansas

City, Missouri 64198:

1. Community Bancshares Employee

Stock Ownership Plan, Neosho,

Missouri, and Community Bancshares,

Inc., Neosho, Missouri; to engage de

novo through its subsidiary Community

Mortgage Company, Neosho, Missouri,

in mortgage lending activities pursuant

to § 225.25(b)(1) of the Board’s

Regulation Y.

E. Federal Reserve Bank of Dallas

(Genie D. Short, Vice President) 2200

North Pearl Street, Dallas, Texas 75201-

2272:

1. Security Shares, Inc., Abilene,

Texas; to acquire through its subsidiary

First Independent Computers, Inc., a 50

percent interest in Vision Plus Card

Services, L.L.C., Abilene, Texas, and

thereby engage in data processing

activities pursuant to § 225.25(b)(7) of

the Board’s Regulation Y.

F. Federal Reserve Bank of San

Francisco (Kenneth R. Binning,

Director, Bank Holding Company) 101

Market Street, San Francisco, California

94105:

1. Imperial Bancorp, Los Angeles,

California; to engage de novo through its

subsidiary Pacific Bancard Association,

Inglewood, California (PBA), in the

servicing of extensions of credit for

credit cards, pursuant to §

225.25(b)(1)(ii) of the Board’s Regulation

Y. PBA represents a 50 percent partner

in American Heritage/Pacific Bancard

Association, Chatsworth, California

(American). American is a California

general partnership engaged in the

business of acquiring and servicing

portfolios of merchant agreements for

the processing of bank card transactions

from financial institutions to be serviced

by Imperial Bancorp’s bank subsidiary,

Imperial Bank, as a bank card merchant

bank, in the ordinary course of Imperial

Bank’s business.

2. Wells Fargo & Company, San

Francisco, California; to expand the

geographic scope of its subsidiary, Wells

Fargo Ventures, Inc., San Francisco,

California, which engages in data

processing and data transmission

services through the ownership,

installation, operation, and maintenance

of automatic teller machines in the

states of Texas and Oregon, pursuant to

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

Y. Wells Fargo Ventures, Inc. proposes

to operate nationwide.

Board of Governors of the Federal Reserve

System, June 28, 1996.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 96–17093 Filed 7–3–96; 8:45 am]

BILLING CODE 6210-01-F

FEDERAL RETIREMENT THRIFT

INVESTMENT BOARD

Sunshine Act Meeting

TIME AND DATE: 10:00 a.m. (EDT), July

15, 1996.

PLACE: 4th Floor, Conference Room,

1250 H Street, N.W., Washington, D.C.

STATUS: Open.