[Federal Register Volume 63, Number 2 (Monday, January 5, 1998)]
[Notices]
[Page 229]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-31]
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FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in Permissible Nonbanking
Activities or to Acquire Companies that are Engaged in Permissible
Nonbanking Activities
Dresdner Bank AG, Frankfurt, Germany (``Notificant''), has provided
notice pursuant to section 4(c)(8) of the Bank Holding Company Act (12
U.S.C. 1843(c)(8)) (BHC Act) and section 225.24 of the Board's
Regulation Y (12 CFR 225.24), to engage de novo through its nonbanking
subsidiaries, Oechsle International Advisors, L.P., Boston,
Massachusetts (``OIA''), and RCM Capital Management, L.L.C., San
Francisco, California (``RCM''), in acting as a commodity pool operator
for limited partnerships organized as commodity pools investing in
assets in which a bank holding company is permitted to invest. See The
Bessemer Group, Inc., 82 Fed. Res. Bull. 569 (1996). Notificant would
engage in these activities in accordance with certain limitations and
conditions previously established by the Board by order, with a number
of exceptions that are discussed in the notice. Notificant currently
proposes to engage in commodity pool operator activities through OIA
and RCM, but seeks authority to engage in commodity pool operator
activities without geographic limitation through any of its existing or
future subsidiaries.
Any comments or requests for hearing should be submitted in writing
and received by William W. Wiles, Secretary, Board of Governors of the
Federal Reserve System, Washington, D.C. 20551, not later than January
16, 1998. Any request for a hearing on this application must, as
required by Sec. 262.3(e) of the Board's Rules of Procedure (12 CFR
262.3(e)), be accompanied by a statement of the reasons why 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.
This application may be inspected at the offices of the Board of
Governors or the Federal Reserve Bank of New York.
Board of Governors of the Federal Reserve System, December 29,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-31 Filed 1-2-98; 8:45 am]
BILLING CODE 6210-01-F
