Banks and bank holding companies: Permissible nonbanking activities,

[Federal Register: June 25, 1999 (Volume 64, Number 122)]

[Notices]

[Page 34257]

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

[DOCID:fr25jn99-67]

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 July 9, 1999.

1. Federal Reserve Bank of New York (Betsy Buttrill White, Senior Vice President) 33 Liberty Street, New York, New York 10045-0001:

   1. Credit Lyonnais, Paris, France; to engage de novo through its subsidiary, Credit Lyonnais/PK Airfinance, Senningerberg, Luxembourg, in asset management, servicing and collection activities, pursuant to Sec. 225.28(b)(2)(vi) of Regulation Y; financial and investment advisory activities, pursuant to Sec. 225.28(b)(6) of Regulation Y; and data processing activities, pursuant to Sec. 225.28(b)(14) of Regulation Y.

2. Federal Reserve Bank of Chicago (Philip Jackson, Applications Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:

   1. Mahaska Investment Company, Oskaloosa, Iowa; to acquire Midwest Bancshares, Inc., Burlington, Iowa, and thereby indirectly acquire Midwest Federal Savings & Loan Association, Burlington, Iowa, and thereby engage in operating a savings and loan association, pursuant to Sec. 225.28(b)(4)(ii) of Regulation Y.

3. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager of Analytical Support, Consumer Regulation Group) 101 Market Street, San Francisco, California 94105-1579:

   1. Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan; to acquire Yasuda Bank and Trust Company (U.S.A), Toronto, Canada, and thereby engage in performing functions or activities that may be performed by a trust company, pursuant to Sec. 225.28(b)(5) of Regulation Y.

   Board of Governors of the Federal Reserve System, June 21, 1999. Jennifer J. Johnson, Secretary of the Board.

   [FR Doc. 99-16170Filed6-24-99; 8:45 am]

   BILLING CODE 6210-01-F