Federal Register / Vol. 62, No. 140 / Tuesday, July 22, 1997 / Notices 39243 underwrite and deal in under 12 U.S.C. Appraisal Services, Inc., Milwaukee, bank holding company and all of the 24 and 335, pursuant to § 225.28(b)(8) Wisconsin, and thereby engage in banks and nonbanking companies of the Board’s Regulation Y; in acting as performing appraisals of real estate and owned by the bank holding company, investment or financial advisor, tangible personal property, pursuant § including the companies listed below. pursuant to § 225.28(b)(6) of the Board’s 225.28(b)(2) of the Board’s Regulation Y; The applications listed below, as well Regulation Y; in providing securities and First Financial Card Services Bank, as other related filings required by the brokerage services (including securities N.A., Stevens Point, Wisconsin, and Board, are available for immediate clearing and securities execution thereby engage in operating a credit card inspection at the Bank services on an exchange), alone and in bank, pursuant to §§ 225.28(b)(1) and indicated. The application also will be combination with investment advisory (2) of the Board’s Regulation Y. available for inspection at the offices of services, and incidental activities Comments on this application must be the Board of Governors. Interested (including related securities credit received by August 15, 1997. persons may express their views in activities and custodial services), E. Federal Reserve Bank of St. Louis writing on the standards enumerated in pursuant to § 225.28(b)(7) of the Board’s (Randall C. Sumner, Vice President) 411 the BHC Act (12 U.S.C. 1842(c)). If the Regulation Y; in buying and selling in Locust Street, St. Louis, 63102- proposal also involves the acquisition of the secondary market all types of 2034: a nonbanking company, the review also securities on the order of customers as 1. Union Planters Corporation, includes whether the acquisition of the a riskless principal to the extent of Memphis, ; to acquire Magna nonbanking company complies with the engaging in a transaction in which the Bancorp, Inc., Hattiesburg, , standards in section 4 of the BHC Act. company, after receiving an order to buy and thereby indirectly acquire Magnolia Unless otherwise noted, nonbanking (or sell) a security from a customer, Federal Bank for Savings, Hattiesburg, activities will be conducted throughout purchases (or sells) the security for its Mississippi, and thereby engage in the . own account to offset a indirectly acquiring a federal savings Unless otherwise noted, comments contemporaneous sale to (or purchase bank, pursuant to Section regarding each of these applications from) the customer, pursuant to § 225.28(b)(4)(ii) of Regulation Y, and must be received at the Reserve Bank 225.28(b)(7) of the Board’s Regulation Y; Magna Mortgage Company, Hattiesburg, indicated or the offices of the Board of and in acting as agent for the private Mississippi, and thereby engage in Governors not later than August 15, placement of securities in accordance originating and servicing mortgage 1997. with the requirements of the Securities loans, pursuant to § 225.28(b)(1) of the A. Federal Reserve Bank of Atlanta Act of 1933 and the rules of the Board’s Regulation Y, and in providing (Lois Berthaume, Vice President) 104 Securities and Exchange Commission, real estate appraisal and inspection Marietta Street, N.W., Atlanta, Georgia pursuant to § 225.28(b)(7) of the Board’s services, pursuant to § 225.28(b)(2) of 30303-2713: Regulation Y. the Board’s Regulation Y. At 1. The Commercial Bancorp, Inc., Montgomery Securities and The consummation, the offices of Magnolia Ormond Beach, ; to become a Pyramid Company, would be merged Federal Bank for Savings will be bank holding company by acquiring 100 into a newly created subsidiary of disbursed among various Union Planters percent of the voting shares of NationsBank Corporation, which would Corporation’s existing subsidiary banks, Commercial Bank of Volusia County, be merged into NationsBanc Capital and its charter will be merged with and Ormond Beach, Florida (in Markets, Inc., Charlotte, North Carolina. into an existing bank subsidiary of organization). NationsBanc Capital Markets, Inc., Union Planters Corporation. Following B. Federal Reserve Bank of St. Louis would then be renamed NationsBanc consummation, the shares of Mortgage (Randall C. Sumner, Vice President) 411 Montgomery Securities, Inc. Company will be sold to an existing Locust Street, St. Louis, Missouri 63102- C. Federal Reserve Bank of Atlanta thrift subsidiary of Union Planters 2034: (Lois Berthaume, Vice President) 104 Corporation. Comments on this 1. Maries County Bancorp, Inc., Marietta Street, N.W., Atlanta, Georgia application must be received by August Vienna, Missouri; to acquire 73.85 30303-2713: 15, 1997. percent of the voting shares of Progress 1. Barnett Banks, Inc., Jacksonville, Board of Governors of the Federal Reserve Bancshares, Inc., Sullivan, Missouri, Florida; to acquire First of America System, July 17, 1997. and thereby indirectly acquire Progress Bank-Florida, FSB, Tampa, Florida, and Jennifer J. Johnson, Bank of Sullivan, Sullivan, Missouri, a thereby engage in owning, controlling de novo bank. and operating a savings association, Deputy Secretary of the Board. [FR Doc. 97–19206 Filed 7-21-97; 8:45 am] Board of Governors of the Federal Reserve pursuant to § 225.28(b)(4) of the Board’s System, July 17, 1997. Regulation Y. This activity will be BILLING CODE 6210-01-F Jennifer J. Johnson, conducted throughout the State of Deputy Secretary of the Board. Florida. Comments on this application FEDERAL RESERVE SYSTEM must be received by August 15, 1997. [FR Doc. 97–19205 Filed 7-21-97; 8:45 am] BILLING CODE 6210-01-F D. Federal Reserve Bank of Chicago Formations of, Acquisitions by, and (Philip Jackson, Applications Officer) Mergers of Bank Holding Companies 230 South LaSalle Street, Chicago, 60690-1413: The companies listed in this notice FEDERAL RESERVE SYSTEM 1. Associated Banc-Corp, Green Bay, have applied to the Board for approval, Notice of Proposals to Engage in Wisconsin; to acquire First Financial pursuant to the Bank Holding Company Permissible Nonbanking Activities or Corporation, Stevens Point, Wisconsin, Act of 1956 (12 U.S.C. 1841 et seq.) to Acquire Companies that are and thereby indirectly acquire First (BHC Act), Regulation Y (12 CFR Part Engaged in Permissible Nonbanking Financial Bank, FSB, Stevens Point, 225), and all other applicable statutes Activities Wisconsin, and thereby engage in and regulations to become a bank owning and operating a savings and holding company and/or to acquire the The companies listed in this notice loan association, pursuant to § assets or the ownership of, control of, or have given notice under section 4 of the 225.28(b)(4) of the Board’s Regulation Y; the power to vote shares of a bank or Bank Holding Company Act (12 U.S.C. 39244 Federal Register / Vol. 62, No. 140 / Tuesday, July 22, 1997 / Notices

1843) (BHC Act) and Regulation obligations of states and their political Wisconsin, and thereby engage in Y, (12 CFR Part 225) to engage de novo, subdivisions, and other obligations that owning and operating a savings and or to acquire or control voting securities state member banks of the Federal loan association, pursuant to § or assets of a company that engages Reserve System may be authorized to 225.28(b)(4) of the Board’s Regulation Y; either directly or through a subsidiary or underwrite and deal in under 12 U.S.C. Appraisal Services, Inc., Milwaukee, other company, in a nonbanking activity 24 and 335, pursuant to § 225.28(b)(8) Wisconsin, and thereby engage in that is listed in § 225.28 of Regulation of the Board’s Regulation Y; in acting as performing appraisals of real estate and Y (12 CFR 225.28) or that the Board has investment or financial advisor, tangible personal property, pursuant § determined by Order to be closely pursuant to § 225.28(b)(6) of the Board’s 225.28(b)(2) of the Board’s Regulation Y; related to banking and permissible for Regulation Y; in providing securities and First Financial Card Services Bank, bank holding companies. Unless brokerage services (including securities N.A., Stevens Point, Wisconsin, and otherwise noted, these activities will be clearing and securities execution thereby engage in operating a credit card conducted throughout the United States. services on an exchange), alone and in bank, pursuant to §§ 225.28(b)(1) and Each notice is available for inspection combination with investment advisory (2) of the Board’s Regulation Y. at the Federal Reserve Bank indicated. services, and incidental activities Comments on this application must be The notice also will be available for (including related securities credit received by August 15, 1997. inspection at the offices of the Board of activities and custodial services), E. Federal Reserve Bank of St. Louis Governors. Interested persons may pursuant to § 225.28(b)(7) of the Board’s (Randall C. Sumner, Vice President) 411 express their views in writing on the Regulation Y; in buying and selling in Locust Street, St. Louis, Missouri 63102- question whether the proposal complies the secondary market all types of 2034: with the standards of section 4 of the securities on the order of customers as 1. Union Planters Corporation, BHC Act. a riskless principal to the extent of Memphis, Tennessee; to acquire Magna Unless otherwise noted, comments engaging in a transaction in which the Bancorp, Inc., Hattiesburg, Mississippi, regarding the applications must be company, after receiving an order to buy and thereby indirectly acquire Magnolia received at the Reserve Bank indicated (or sell) a security from a customer, Federal Bank for Savings, Hattiesburg, or the offices of the Board of Governors purchases (or sells) the security for its Mississippi, and thereby engage in not later than August 6, 1997. own account to offset a indirectly acquiring a federal savings A. Federal Reserve Bank of New contemporaneous sale to (or purchase bank, pursuant to Section York (Betsy Buttrill White, Senior Vice from) the customer, pursuant to § 225.28(b)(4)(ii) of Regulation Y, and President) 33 Liberty Street, New York, 225.28(b)(7) of the Board’s Regulation Y; Magna Mortgage Company, Hattiesburg, New York 10045-0001: and in acting as agent for the private Mississippi, and thereby engage in 1. NSB Holding Corp., Staten Island, placement of securities in accordance originating and servicing mortgage New York; to engage de novo through its with the requirements of the Securities loans, pursuant to § 225.28(b)(1) of the subsidiary, Check Depot, Staten Island, Act of 1933 and the rules of the Board’s Regulation Y, and in providing New York, in check cashing, including Securities and Exchange Commission, real estate appraisal and inspection federal, state and local government pursuant to § 225.28(b)(7) of the Board’s services, pursuant to § 225.28(b)(2) of benefit checks, See Midland Bank, PLC, Regulation Y. the Board’s Regulation Y. At 76 Fed. Res. Bull. 869 (1990). Montgomery Securities and The consummation, the offices of Magnolia B. Federal Reserve Bank of Pyramid Company, would be merged Federal Bank for Savings will be Richmond (A. Linwood Gill III, into a newly created subsidiary of disbursed among various Union Planters Assistant Vice President) 701 East Byrd NationsBank Corporation, which would Corporation’s existing subsidiary banks, Street, Richmond, Virginia 23261-4528: be merged into NationsBanc Capital and its charter will be merged with and 1. Crestar Financial Corporation, Markets, Inc., Charlotte, North Carolina. into an existing bank subsidiary of Richmond, Virginia; to acquire NationsBanc Capital Markets, Inc., Union Planters Corporation. Following American National Bancorp, Inc., would then be renamed NationsBanc consummation, the shares of Mortgage Baltimore, Maryland, and thereby Montgomery Securities, Inc. Company will be sold to an existing indirectly acquire American National C. Federal Reserve Bank of Atlanta thrift subsidiary of Union Planters Savings Bank, F.S.B., Baltimore, (Lois Berthaume, Vice President) 104 Corporation. Comments on this Maryland, and thereby engage in Marietta Street, N.W., Atlanta, Georgia application must be received by August operating a savings and loan 30303-2713: 15, 1997. association, pursuant to § 225.28(b)(4) 1. Barnett Banks, Inc., Jacksonville, Board of Governors of the Federal Reserve of the Board’s Regulation Y. Comments Florida; to acquire First of America System, July 17, 1997. on this application must be received by Bank-Florida, FSB, Tampa, Florida, and Jennifer J. Johnson, August 15, 1997. thereby engage in owning, controlling Deputy Secretary of the Board. 2. NationsBank Corporation, and operating a savings association, [FR Doc. 97–19207 Filed 7-21-97; 8:45 am] Charlotte, North Carolina; to acquire pursuant to § 225.28(b)(4) of the Board’s Montgomery Securities, Inc., and The Regulation Y. This activity will be BILLING CODE 6210-01-F Pyramid Company, San Francisco, conducted throughout the State of California, and thereby engage in Florida. Comments on this application FEDERAL RESERVE SYSTEM underwriting and dealing in, to a must be received by August 15, 1997. limited extent, all types of debt and D. Federal Reserve Bank of Chicago Sunshine Act Meeting equity securities other than interests in (Philip Jackson, Applications Officer) open end investment companies (See 230 South LaSalle Street, Chicago, AGENCY HOLDING THE MEETING: Board of J.P. Morgan & Co., Inc., The Chase Illinois 60690-1413: Governors of the Federal Reserve Manhattan Corp., Bankers Trust New 1. Associated Banc-Corp, Green Bay, System. York Corp., Citicorp, and Security Wisconsin; to acquire First Financial TIME AND DATE: 11:00 a.m., Monday, July Pacific Corp., 75 Fed. Res. Bull. 192 Corporation, Stevens Point, Wisconsin, 28, 1997. (1989)); in underwriting and dealing in and thereby indirectly acquire First PLACE: Marriner S. Eccles Federal obligations of the United States, general Financial Bank, FSB, Stevens Point, Reserve Board Building, C Street