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Federal Register/Vol. 63, No. 145/Wednesday, July 29, 1998

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Federal Register/Vol. 63, No. 145/Wednesday, July 29, 1998 40528 Federal Register / Vol. 63, No. 145 / Wednesday, July 29, 1998 / Notices Act of 1956 (12 U.S.C. 1841 et seq.) Under the Federal Reserve Bank of Comments regarding this application (BHC Act), Regulation Y (12 CFR Part Minneapolis heading, the entry for must be received not later than August 225), and all other applicable statutes Norwest Corporation, Minneapolis, 21, 1998. and regulations to become a bank Minnesota, is revised to read as follows: Board of Governors of the Federal Reserve holding company and/or to acquire the A. Federal Reserve Bank of San System, July 23, 1998. assets or the ownership of, control of, or Francisco (Maria Villanueva, Manager Robert deV. Frierson, the power to vote shares of a bank or of Analytical Support, Consumer bank holding company and all of the Regulation Group) 101 Market Street, Associate Secretary of the Board. banks and nonbanking companies San Francisco, California 94105-1579: [FR Doc. 98±20182 Filed 7-28-98; 8:45 am] owned by the bank holding company, BILLING CODE 6210-01-F 1. Norwest Corporation, Minneapolis, including the companies listed below. The applications listed below, as well Minnesota (Norwest); to acquire and merge with Wells Fargo & Company, as other related filings required by the FEDERAL RESERVE SYSTEM Board, are available for immediate San Francisco, California (Wells Fargo), inspection at the Federal Reserve Bank and thereby acquire all of the bank Formations of, Acquisitions by, and indicated. The application also will be subsidiaries of Wells Fargo, which Mergers of Bank Holding Companies available for inspection at the offices of include Wells Fargo Bank, N.A., San the Board of Governors. Interested Francisco, California; Wells Fargo Bank The companies listed in this notice persons may express their views in (Texas), N.A., Houston, Texas; Wells have applied to the Board for approval, writing on the standards enumerated in Fargo Bank (Arizona), N.A., Phoenix, pursuant to the Bank Holding Company Arizona; Wells Fargo Bank, Ltd., Los the BHC Act (12 U.S.C. 1842(c)). If the Act of 1956 (12 U.S.C. 1841 et seq.) Angeles, California; Wells Fargo Central proposal also involves the acquisition of (BHC Act), Regulation Y (12 CFR Part Bank, Calabasas, California; and Wells a nonbanking company, the review also 225), and all other applicable statutes includes whether the acquisition of the Fargo HSBC Trade Bank, N.A., San Francisco, California. On consummation and regulations to become a bank nonbanking company complies with the holding company and/or to acquire the standards in section 4 of the BHC Act. of the proposed transaction, Norwest Corporation would be renamed Wells assets or the ownership of, control of, or Unless otherwise noted, nonbanking the power to vote shares of a bank or activities will be conducted throughout Fargo & Company. Norwest would continue to control all of its existing bank holding company and all of the the United States. banks and nonbanking companies Unless otherwise noted, comments bank and nonbank subsidiaries. owned by the bank holding company, regarding each of these applications In connection with the proposed including the companies listed below. must be received at the Reserve Bank transaction, Norwest also proposes to indicated or the offices of the Board of acquire all of the nonbank subsidiaries The applications listed below, as well Governors not later than August 21, of Wells Fargo and to engage, directly or as other related filings required by the 1998. indirectly through such nonbank Board, are available for immediate A. Federal Reserve Bank of San subsidiaries, in a variety of nonbanking inspection at the Federal Reserve Bank Francisco (Maria Villanueva, Manager activities that previously have been indicated. The application also will be of Analytical Support, Consumer determined to be permissible for bank available for inspection at the offices of Regulation Group) 101 Market Street, holding companies. The nonbanking the Board of Governors. Interested San Francisco, California 94105-1579: companies that Norwest proposes to persons may express their views in 1. Banque Nationale de Paris, Paris, acquire are listed in the notice filed writing on the standards enumerated in France; to acquire 45 percent of First with the Board and include Crocker Life the BHC Act (12 U.S.C. 1842(c)). If the Hawaiian, Inc., Honolulu, Hawaii, and Insurance Company, Concord, proposal also involves the acquisition of thereby indirectly acquire First California, and Wells Fargo Equity a nonbanking company, the review also Hawaiian Bank, Honolulu, Hawaii, and Capital, Inc., San Francisco, California. includes whether the acquisition of the Pacific One Bank, Portland, Oregon. The nonbanking activities of the nonbanking company complies with the 2. First Hawaiian, Inc., Honolulu, companies to be acquired also are listed standards in section 4 of the BHC Act. Hawaii; to merge with Banc West in the notice and include extending Corporation, San Francisco, Calfornia, credit and servicing loans, pursuant to Unless otherwise noted, nonbanking and thereby indirectly acquire Bank of 12 CFR 225.28(b)(1); and acting as activities will be conducted throughout the West, Walnut Creek, California. principal, agent, or broker in connection the United States. Board of Governors of the Federal Reserve with the sale of credit-related insurance, Unless otherwise noted, comments System, July 23, 1998. pursuant to 12 CFR 225.28(b)(11); and regarding each of these applications Robert deV. Frierson, engaging in all activities that Wells must be received at the Reserve Bank Associate Secretary of the Board. Fargo currently is authorized to indicated or the offices of the Board of [FR Doc. 98±20181 Filed 7-28-98; 8:45 am] conduct. Governors not later than August 24, BILLING CODE 6210-01-F In connection with the proposed 1998. transaction, Norwest also has provided A. Federal Reserve Bank of Kansas notice under 12 CFR 211.5(c)(3) to City (D. Michael Manies, Assistant Vice FEDERAL RESERVE SYSTEM acquire FIL Holding Company, and First President) 925 Grand Avenue, Kansas Interstate Services Co. (UK), London, City, Missouri 64198-0001: Formations of, Acquisitions by, and United Kingdom. Mergers of Bank Holding Companies; 1. Vail Banks, Inc., Vail, Colorado; to Norwest also has applied to acquire Correction merge with Telluride Bancorp, Ltd., an option to purchase up to 19.9 percent Montrose, Colorado, and thereby This notice corrects a notice (FR Doc. of the outstanding shares of Wells 98-19607) published on pages 39570- Fargo's common stock. The option indirectly acquire Western Bank of 39571 of the issue for Thursday, July 23, would expire upon consummation of Colorado, Norwood, Colorado, and Bank 1998 the merger. of Telluride, Telluride, Colorado..
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