94-467. Grupo Financiero Banamex Accival, S.A., de C.V.; Formation of, Acquisition by, or Merger of Bank Holding Companies; and Acquisition of Nonbanking Company  

  • [Federal Register Volume 59, Number 6 (Monday, January 10, 1994)]
    [Notices]
    [Pages 1400-1401]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [FR Doc No: 94-467]
    
    
    [[Page Unknown]]
    
    [Federal Register: January 10, 1994]
    
    
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    FEDERAL RESERVE SYSTEM
    
     
    
    Grupo Financiero Banamex Accival, S.A., de C.V.; Formation of, 
    Acquisition by, or Merger of Bank Holding Companies; and Acquisition of 
    Nonbanking Company
    
        The company listed in this notice has applied under Sec.  225.14 of 
    the Board's Regulation Y (12 CFR 225.14) for the Board's approval under 
    section 3 of the Bank Holding Company Act (12 U.S.C. 1842) to become a 
    bank holding company or to acquire voting securities of a bank or bank 
    holding company. The listed company has also applied under Sec.  
    225.23(a)(2) of Regulation Y (12 CFR 225.23(a)(2)) for the Board's 
    approval under section 4(c)(8) of the Bank Holding Company Act (12 
    U.S.C. 1843(c)(8)) and Sec.  225.21(a) of Regulation Y (12 CFR 
    225.21(a)) to acquire or control voting securities or assets of a 
    company engaged in a nonbanking activity that is listed in Sec.  225.25 
    of Regulation Y as closely related to banking and permissible for bank 
    holding companies, or to engage in such an activity. Unless otherwise 
    noted, these activities will be conducted throughout the United States.
        The application is available for immediate inspection at the 
    Federal Reserve Bank indicated. Once the application has been accepted 
    for processing, it will also be available for inspection at the offices 
    of the Board of Governors. Interested persons may express their views 
    in writing on the question whether consummation of the proposal can 
    ``reasonably be expected to produce benefits to the public, such as 
    greater convenience, increased competition, or gains in efficiency, 
    that outweigh possible adverse effects, such as undue concentration of 
    resources, decreased or unfair competition, conflicts of interests, or 
    unsound banking practices.'' Any request for a hearing on this question 
    must be accompanied by a statement of the reasons a written 
    presentation would not suffice in lieu of a hearing, identifying 
    specifically any questions of fact that are in dispute, summarizing the 
    evidence that would be presented at a hearing, and indicating how the 
    party commenting would be aggrieved by approval of the proposal.
        Comments regarding the application must be received at the Reserve 
    Bank indicated or the offices of the Board of Governors not later than 
    January 31, 1994.
        A. Federal Reserve Bank of San Francisco (Kenneth R. Binning, 
    Director, Bank Holding Company) 101 Market Street, San Francisco, 
    California 94105:
        1. Grupo Financiero Banamex Accival, S.A. de C.V., Mexico, D.F., 
    Mexico; to become a bank holding company by acquiring 100 percent of 
    the voting shares of Banco Nacional de Mexico, S.A., Mexico, D.F., 
    Mexico, and thereby indirectly acquire Banamex USA Bancorp, Los 
    Angeles, California, and California Commerce Bank, Los Angeles, 
    California.
        In connection with this application, Applicant also proposes to 
    acquire ACCI Securities, Inc., New York, New York, and thereby engage 
    in full service brokerage pursuant to Secs.  225.25(b)(4) and (b)(15) 
    of the Board's Regulation Y; and private placement services (soliciting 
    purchasers in the private placement of all types of securities) 
    pursuant to the criteria set forth in NCNB Corporation, 76 Federal 
    Reserve Bulletin 864 (1990).
    
        Board of Governors of the Federal Reserve System, January 3, 
    1994.
    Jennifer J. Johnson,
    Associate Secretary of the Board.
    [FR Doc. 94-467 Filed 1-7-94; 8:45 am]
    BILLING CODE 6210-01-F
    
    
    

Document Information

Published:
01/10/1994
Department:
Federal Reserve System
Entry Type:
Notice
Document Number:
94-467
Pages:
1400-1401 (2 pages)
Docket Numbers:
Federal Register: January 10, 1994