Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities

[Federal Register Volume 64, Number 157 (Monday, August 16, 1999)]
[Notices]
[Page 44526]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-21085]


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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 August 30, 1999.
    A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Fifth Third Bancorp, Cincinnati, Ohio; to acquire Bradford 
Pointe of Evansville, L.P., Evansville, Indiana, and thereby indirectly 
acquire Bradford Pointe of Evansville, II, L.P., Evansville, Indiana; 
House Investments Prestwick Columbus II, L.P., Indianapolis, Indiana; 
Housing Partners, Inc., The Armory L.P., Columbus, Indiana; Housing 
Credit Partners I, Ltd., Evans/Bajandas Project, Evansville, Indiana; 
Pedcor Investments 1987-I, L.P., Indianapolis, Indiana; Shelbyville 
High Apartments, L.P., Evansville, Indiana, and thereby engage in 
permissible community development activities, pursuant to Sec.  
225.28(b)(12) of Regulation Y; IndFed Mortgage Company, Valapariso, 
Indiana, and thereby engage in permissible community development 
activities and related financial and investment advisory activities, 
pursuant to Sec.  225.28(b)(12) of Regulation Y; Pinnacle Financial 
Consultants, Inc., Valapariso, Indiana, and thereby engage in 
permissible financial and investment advisory services, pursuant to 
Sec.  225.28(b)(6) of Regulation Y, and in permissible agency 
transactional services for customer accounts, pursuant to Sec.  
225.28(b)(7) of Regulation Y; and Citizens Life Assurance Company, 
Phoenix, Arizona, and thereby engage in permissible credit reinsurance 
activities, pursuant to Sec.  225.28(b)(11)(i) of Regulation Y.
    B. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. National Bancshares Corporation of Texas, San Antonio, Texas; to 
engage de novo through its subsidiary, NBC Financial, Inc., San 
Antonio, Texas, in securities brokerage activities and other 
transactional services, pursuant to Sec.  225.28(b)(7) of Regulation Y; 
and in underwriting and dealing in government obligations and money 
market instruments, pursuant to Sec.  225.28(b)(8)(i) of Regulation Y.

    Board of Governors of the Federal Reserve System, August 10, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-21085 Filed 8-13-99; 8:45 am]
BILLING CODE 6210-01-F