[Federal Register: July 24, 1998 (Volume 63, Number 142)]
[Notices]               
[Page 39876]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr24jy98-114]

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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 10, 1998.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. Arvest Bank Group, Inc., Bentonville, Arkansas, and its wholly 
owned subsidiary, First Bancshares, Inc., Bartlesville, Oklahoma; to 
acquire Ameritrust Corporation, Tulsa, Oklahoma, and thereby engage in 
performing functions or activities that may be performed by a trust 
company, pursuant to Sec.  225.28(b)(5) of Regulation Y; and thereby 
indirectly acquire Americorp Investment Advisors, Inc., Tulsa, 
Oklahoma, and Investment Management, Inc., Tulsa, Oklahoma, and thereby 
engage in providing financial and investment advisory services, 
pursuant to Sec.  225.28(b)(6) of Regulation Y.

    Board of Governors of the Federal Reserve System, July 21, 1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-19881 Filed 7-23-98; 8:45 am]
BILLING CODE 6210-01-F