Banks and bank holding companies: Permissible nonbanking activities; correction,

[Federal Register: September 3, 1999 (Volume 64, Number 171)]

[Notices]

[Page 48397-48398]

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

[DOCID:fr03se99-86]

FEDERAL RESERVE SYSTEM

Notice of Proposals To Engage in Permissible Nonbanking Activities or To Acquire Companies That Are Engaged in Permissible Nonbanking Activities; Correction

This notice corrects a notice (FR Doc. 99-19948) published on pages 42379-42380 of the issue for Wednesday, August 4, 1999.

Under the Federal Reserve Bank of San Francisco heading, the entry for Umpqua Holdings Corporation, Roseburg, Oregon, is revised to read as follows:

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

1. Umpqua Holdings Corporation, Roseburg, Oregon; to acquire all the voting shares of Strand, Atkinson, Williams and York, Inc., Portland, Oregon, and thereby engage, to a limited extent, in underwriting and dealing in commercial paper, municipal revenue bonds, mortgage-related securities, and consumer-receivable related securities, see Citicorp, et al., 73 Fed. Res. Bull. 473 (1987); managing, servicing, and collecting assets, pursuant to Sec. 225.28(b)(2)(vi) of Regulation Y; performing functions or activities that may be performed by a trust company, pursuant to Sec. 225.28(b)(5) of Regulation Y; acting as investment or financial advisor, pursuant to Sec. 225.28(b)(6) of Regulation Y; providing securities brokerage, ``riskless principal,'' and private placement services, pursuant to Sec. 225.28(b)(7)(i)-(iii); underwriting and dealing in obligations of the United States, general obligations of states and their political subdivisions, and other obligations that state member banks of the Federal Reserve System may underwrite and deal in under 12 U.S.C. 24 and 335, pursuant to Sec. 225.28(b)(8)(i) of Regulation Y; and providing employee benefits consulting services,

[[Page 48398]]

pursuant to Sec. 225.28(b)(9)(ii) of Regulation Y.

Comments on this application must be received by September 17, 1999.

Board of Governors of the Federal Reserve System, August 30, 1999. Robert deV. Frierson, Associate Secretary of the Board.

[FR Doc. 99-22963Filed9-2-99; 8:45 am]

BILLING CODE 6210-01-F