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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 § 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 December 09, 2014.
A. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291:
1. Peoples State Bancorp, Inc., through its subsidiary, Peoples State Bank of Munising, both in Munising, Michigan proposes to reduce its ownership in Lasco Development Corporation, Marquette, Michigan, to less than 100 percent. Lasco Development Corporation engages in the activity of data processing for financial institutions.
Board of Governors of the Federal Reserve System, November 19, 2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014-27766 Filed 11-21-14; 8:45 am]
BILLING CODE 6210-01-P