[Federal Register: January 8, 1999 (Volume 64, Number 5)]
[Notices]               
[Page 1202-1203]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08ja99-74]

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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

[[Page 1203]]

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 January 22, 1999.
    A. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. South Plains Financial, Inc., Lubbock, Texas, and South Plains 
Delaware Financial Corporation, Dover, Delaware; to engage de novo 
through their subsidiary, ARC Check Cashing, Inc., Lubbock, Texas, in 
check cashing services, see Board Orders 84 Fed. Reg. Bull. 481 (1998) 
and 76 Fed. Reg. Bull. 860 (1990); in wire transmission services, see 
Board Orders 81 Fed. Reg. Bull. 974 (1995) and 81 Fed. Reg. Bull. 1130 
(1995); in bill payment services, see Board Order 84 Fed. Reg. Bull. 
481 (1998); in issuing and selling consumer payment instruments, 
pursuant to Sec.  225.28(b)(13) of Regulation Y and Board Order 84 Fed. 
Reg. Bull. 481 (1998); in credit and credit related activities, 
pursuant to Sec.  225.28(b)(1) of Regulation Y; in government services 
distribution, see Board Order 84 Fed. Reg. Bull. 481 (1998) and Board 
Order 71 Fed. Reg. Bull. 168 (1985) and Sec.  225.28(b)(6) of 
Regulation Y; and in incidental activities, see Board Order 84 Fed. 
Reg. Bull. 481 (1998).

    Board of Governors of the Federal Reserve System, January 4, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-336 Filed 1-7-99; 8:45 am]
BILLING CODE 6210-01-F