[Federal Register Volume 61, Number 3 (Thursday, January 4, 1996)]
[Notices]
[Page 352]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-97]
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FEDERAL RESERVE SYSTEM
National Bank of Greece, et al.; Acquisitions of Companies
Engaged in Permissible Nonbanking Activities
The organizations listed in this notice have applied under Sec.
225.23(a)(2) or (f) of the Board's Regulation Y (12 CFR 225.23(a)(2) or
(f)) 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. 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 each of these
applications must be received at the Reserve Bank indicated for the
application or the offices of the Board of Governors not later than
January 22, 1996.
A. Federal Reserve Bank of New York (William L. Rutledge, Senior
Vice President) 33 Liberty Street, New York, New York 10045:
1. National Bank of Greece, Athens, Greece; to retain shares of
Worthington Limited Partnership, New York, New York, and thereby
indirectly engage in acquiring and servicing loans and leases pursuant
to Secs. 225.25(b)(1) and (b)(5) of the Board's Regulation Y.
B. Federal Reserve Bank of San Francisco (Kenneth R. Binning,
Director, Bank Holding Company) 101 Market Street, San Francisco,
California 94105:
1. The Sumitomo Bank, Limited, Osaka, Japan; to acquire through The
Sumitomo Bank New York Trust Company, New York, New York, the trust
business of Daiwa Bank Trust Company, New York, New York, and the
custody business of the New York branch of The Daiwa Bank, Limited,
Osaka, Japan, and thereby engage in trust company functions, pusuant to
Sec. 225.25(b)(3) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, December 28,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 96-97 Filed 1-3-96; 8:45 am]
BILLING CODE 6210-01-F
