[Federal Register: March 26, 1998 (Volume 63, Number 58)]
[Notices]               
[Page 14715]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr26mr98-84]

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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 April 20, 1998.
    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 CitFed 
Bancorp, Inc., Dayton, Ohio, and thereby indirectly acquire Citizens 
Federal Bank, FSB, Dayton, Ohio, and thereby engage in permissible 
savings association activities, pursuant to Sec.  225.28(b)(4)(ii) of 
the Board's Regulation Y; CitFed Mortgage Corporation of America, 
Dayton, Ohio, and thereby engage in extending credit and servicing 
loans activities, pursuant Sec.  225.28(b)(1) of the Board's Regulation 
Y; and C.F. Property Management Company (dba CitFed Investment Group), 
Dayton, Ohio, and thereby engage in agency transactional services for 
customer investments, pursuant to Sec.  225.28(b)(7) of the Board's 
Regulation Y.

    Board of Governors of the Federal Reserve System, March 23, 
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-7971 Filed 3-25-98; 8:45 am]
BILLING CODE 6210-01-F