Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities

• Published date: 19 March 2019
• Citation: 84 FR 10069
• Record Number: 2019-05162
• Section: Notices
• Court: Federal Reserve System

Federal Register, Volume 84 Issue 53 (Tuesday, March 19, 2019)

[Federal Register Volume 84, Number 53 (Tuesday, March 19, 2019)]
                [Notices]
                [Pages 10069-10070]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2019-05162]
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                FEDERAL RESERVE SYSTEM
                Notice of Proposals To Engage in or To Acquire Companies 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 April 33, 2019.
                A. Federal Reserve Bank of Minneapolis (Mark A. Rauzi, Vice
                President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
                 1. Security Bancshares of Bemidji, Inc., Bemidji, Minnesota; to
                engage de novo in extending credit and servicing activities pursuant to
                section 225.28(b)(1) of Regulation Y.
                [[Page 10070]]
                 Board of Governors of the Federal Reserve System, March 14,
                2019.
                Yao-Chin Chao,
                Assistant Secretary of the Board.
                [FR Doc. 2019-05162 Filed 3-18-19; 8:45 am]
                BILLING CODE 6210-01-P