Banks and bank holding companies: Permissible nonbanking activities,

[Federal Register: October 22, 1998 (Volume 63, Number 204)]

[Notices]

[Page 56649]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr22oc98-78]

FEDERAL RESERVE SYSTEM

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, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in Sec. 225.28 of Regulation Y (12 CFR 225.28) 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. The notice also will 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.

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 November 5, 1998.

1. Federal Reserve Bank of New York (Betsy Buttrill White, Senior Vice President) 33 Liberty Street, New York, New York 10045-0001:

   1. Warwick Community Bancorp, Inc, Warwick, New York; to acquire more than 5 percent but less than 10 percent of GSB Financial Corporation, Goshen, New York, and thereby indirectly acquire Goshen Savings Bank, Goshen, New York, and operate a savings association, pursuant to Sec. 225.28(b)(4)(ii) of Regulation Y.

2. Federal Reserve Bank of Kansas City, (Michael Manies, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001:

   1. Gold Banc Corporation, Leawood, Kansas; to acquire The Trust Company, St. Joseph, Missouri, and thereby indirectly engage in trust company functions, pursuant to Sec. 225.28(b)(5) of Regulation Y.

   Board of Governors of the Federal Reserve System, October 16, 1998. Robert deV. Frierson, Associate Secretary of the Board.

   [FR Doc. 98-28287Filed10-21-98; 8:45 am]

   BILLING CODE 6210-01-P