Banks and bank holding companies: Permissible nonbanking activities,

[Federal Register: October 27, 1998 (Volume 63, Number 207)]

[Notices]

[Page 57300]

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

[DOCID:fr27oc98-73]

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 20, 1998.

1. Federal Reserve Bank of Chicago (Philip Jackson, Applications Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:

   1. FBOP Corporation, Oak Park, Illinois; to acquire Calumet Bancorp, Inc., Dolton, Illinois, and thereby indirectly acquire Calumet Federal Savings and Loan Association of Chicago, Chicago, Illinois; Calumet Savings Service Corporation, Chicago, Illinois; Calumet Financial Corporation, Chicago, Illinois; and Calumet Mortgage Corporation of Idaho, Ketchum, Idaho, and thereby engage in operating a savings association, pursuant to Sec. 225.28(b)(4) of Regulation Y; in providing securities brokerage services, pursuant to Sec. 225.25(b)(7) of Regulation Y; and in making and servicing loans, pursuant to Sec. 225.28(b)(1) of Regulation Y.

2. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice President) 411 Locust Street, St. Louis, Missouri 63102-2034:

   1. German American Bancorp, Jasper, Indiana; to acquire 1st Bancorp, Vincennes, Indiana, and thereby indirectly acquire First Federal Bank, A Federal Savings Bank, Vincennes, Indiana, and thereby engage in the operation of a thrift, pursuant to Sec. 225.28(b)(4)(ii) of Regulation Y.

   Board of Governors of the Federal Reserve System, October 22, 1998. Robert deV. Frierson, Associate Secretary of the Board.

   [FR Doc. 98-28718Filed10-16-98; 8:45 am]

   BILLING CODE 6210-01-F