Banks and bank holding companies: Permissible nonbanking activities,

[Federal Register: November 6, 2003 (Volume 68, Number 215)]

[Notices]

[Page 62809]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr06no03-53]

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. Additional information on all bank holding companies may be obtained from the National Information Center website at http://www.ffiec.gov/nic/.

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 November 20, 2003.

  1. Federal Reserve Bank of New York (Jay Bernstein, Bank Supervision Officer) 33 Liberty Street, New York, New York 10045-0001:

  1. United Overseas Bank Limited, Singapore; to engage de novo through UOB Kay Hian Inc., New York, New York, in private placement and securities brokerage services, pursuant to section 225.28(b)(7)(i) and (iii) of Regulation Y.

Board of Governors of the Federal Reserve System, October 31, 2003. Jennifer J. Johnson, Secretary of the Board.

[FR Doc.03-27916 Filed 11-5-03; 8:45 am]

BILLING CODE 6210-01-S

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