Banks and bank holding companies: Permissible nonbanking activities,
FR, April 08, 1999 › Notices › Federal Reserve System
Linked as:Text
Federal Register: April 8, 1999 (Volume 64, Number 67)NoticesPage 17182-17183From the Federal Register Online via GPO Access [wais.access.gpo.gov]
DOCID:fr08ap99-96
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 May 3, 1999.
A. Federal Reserve Bank of Boston (Richard Walker, Community Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
1. Passumpsic Bancorp, St. Johnsbury, Vermont; to engage de novo through its subsidiary, Passumpsic Bank, FSB, Littleton, New Hampshire, in operating a savings association, pursuant to Sec. 225.28(b)(4)(ii).
[Page 17183]
Board of Governors of the Federal Reserve System, April 2, 1999. Jennifer J. Johnson, Secretary of the Board.
FR Doc. 99-8654Filed4-7-99; 8:45 amBILLING CODE 6210-01-F
Sponsored links
