[Federal Register Volume 60, Number 14 (Monday, January 23, 1995)]
[Notices]
[Pages 4415-4416]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1652]
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FEDERAL RESERVE SYSTEM
Cooperative Centrale Raiffeisen-Boerenleenbank, B.A., Rabobank
Nederland, et al.; Notice of Applications to Engage de novo in
Permissible Nonbanking Activities
The companies listed in this notice have filed an application under
Sec. 225.23(a)(1) of the Board's Regulation Y [[Page 4416]] (12 CFR
225.23(a)(1)) 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 commence or to engage de novo,
either directly or through a subsidiary, 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. Unless otherwise noted,
such activities will be conducted throughout the United States.
Each 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.
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 February 6, 1995.
A. Federal Reserve Bank of New York (William L. Rutledge, Senior
Vice President) 33 Liberty Street, New York, New York 10045:
1. Cooperative Centrale Raiffeisen-Boerenleenbank, B.A., Rabobank
Nederland, Utrecht, The Netherlands; to engage de novo through its
subsidiary Utrecht-America Finance Co., New York, New York, in making,
acquiring, or servicing loans or other extensions of credit for the
subsidiary's account, or for the account of others, such as would be
made, acquired or serviced by a commercial finance company, leasing
personal or real property or acting as agent, broker or advisor in
leasing such property through its subsidiary, pursuant to Secs. 225.25
(b)(1) and (b)(5) of the Board's Regulation Y.
B. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
1. Palmer National Bancorp, Washington, D.C.; to engage de novo
through its subsidiary Palmer National Mortgage, Inc., Rockville,
Maryland, in residential mortgage banking activities, pursuant to Sec.
225.25(b)(1)(iii) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, January 17,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-1652 Filed 1-20-95; 8:45 am]
BILLING CODE 6210-01-F
