[Federal Register Volume 85, Number 50 (Friday, March 13, 2020)]
[Notices]
[Page 14681]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-05102]


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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under section 
10 of the Home Owners' Loan Act (12 U.S.C. 1467a) (HOLA) and Regulation 
LL (12 CFR part 238) 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.  238.53 of 
Regulation LL (12 CFR 238.53). Unless otherwise noted, these activities 
will be conducted throughout the United States.
    Each application is available for inspection at the Federal Reserve 
Bank indicated. The application 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 10(c)(4)(B) of HOLA (12 U.S.C. 
1467a(c)(4)(B)).
    Unless otherwise noted, comments regarding the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors, Ann E. Misback, Secretary of the Board, 20th Street and 
Constitution Avenue NW, Washington, DC 20551-0001, not later than March 
30, 2020.
    A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant 
Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
    1. MidCountry Acquisition Corp., Minneapolis, Minnesota; to engage 
in nonbanking activities pursuant to sections 238.53(b)(2) and (b)(3) 
of Regulation LL through the formation of CB Shared Services, Inc., 
Minneapolis, Minnesota, which will provide information technology, 
human resources, Call Report preparation, and compliance services to 
MidCountry Bank, Bloomington, Minnesota, and other subsidiary banks of 
holding company affiliates.

    Board of Governors of the Federal Reserve System, March 9, 2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-05102 Filed 3-12-20; 8:45 am]
BILLING CODE P