[Federal Register: August 10, 1999 (Volume 64, Number 153)]
[Notices]               
[Page 43385-43386]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10au99-98]                         

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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.

[[Page 43386]]

 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 24, 1999.
    A. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63102-2034:
    1. First M&F Corporation, Kosciusko, Mississippi; to acquire 
Community Federal Bancorp, Inc., Tupelo, Mississippi, and its 
subsidiary, Community Federal Savings Bank, Tupelo, Mississippi, and 
thereby engage in operating a savings association, pursuant to Sec.  
225.28(b)(4) of Regulation Y. Comments regarding this application must 
be received no later than September 3, 1999.
    B. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen, 
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291, 
Minneapolis, Minnesota 55480-0291:
    1. Community First Bankshares, Inc., Fargo, North Dakota; to 
acquire Community Insurance, Fargo, North Dakota, and thereby 
indirectly acquire B & I Insurance, Inc., Gordon, Nebraska, and thereby 
engage in general insurance activities in a community with a population 
not exceeding 5,000, pursuant to Sec.  225.28(b)(11)(iii) of Regulation 
Y.

    Board of Governors of the Federal Reserve System, August 4, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-20492 Filed 8-9-99; 8:45 am]
BILLING CODE 6210-01-F