[Federal Register Volume 62, Number 200 (Thursday, October 16, 1997)]
[Notices]
[Pages 53784-53785]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-27307]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in Permissible Nonbanking
Activities or to Acquire Companies that are Engaged in Permissible
Nonbanking Activities
The companies listed in this notice have given notice under section
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and
Regulation Y, (12 CFR Part 225) to engage de novo, or to acquire or
control voting securities or assets of a company that engages either
directly or through a subsidiary or other
[[Page 53785]]
company, in a nonbanking activity that is listed in Sec. 225.28 of
Regulation Y (12 CFR 225.28) or that the Board has determined by Order
to be closely related to banking and permissible for bank holding
companies. Unless otherwise noted, these activities will be conducted
throughout the United States.
Each notice is available for inspection at the Federal Reserve Bank
indicated. The notice also will be available for inspection at the
offices of the Board of Governors. Interested persons may express their
views in writing on the question whether the proposal complies with the
standards of section 4 of the BHC Act.
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 October 29, 1997.
A. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
1. U.S. Bancorp, Minneapolis, Minnesota; to engage de novo through
its subsidiary, U.S. Bancorp Investments, Inc., Minneapolis, Minnesota,
in underwriting and dealing in commercial paper, municipal revenue
bonds, mortgage-backed securities, and consumer-receivable-related
securities. See, Citicorp, J.P. Morgan & Co., Inc., and Bankers Trust
New York Corp., 73 Fed. Res. Bull. 473 (1987); extending credit and
servicing loans, pursuant to Sec. 225.28(b)(1) of the Board's
Regulation Y; arranging commercial real estate equity financing, asset
management servicing and collection activities, and acquiring debt in
default, pursuant to Secs. 225.28(b)(2)(ii), (vi), and (vii) of the
Board's Regulation Y; leasing personal or real property, pursuant to
Sec. 225.28(b)(3) of the Board's Regulation Y; financial and
investment advisory activities, pursuant to Sec. 225.28(b)(6) of the
Board's Regulation Y; agency transactional services for customer
investments, pursuant to Sec. 225.28(b)(7) of the Board's Regulation
Y; investment transactions as principal, pursuant to Sec. 225.28(b)(8)
of the Board's Regulation Y; management consulting and counseling
activities, pursuant to Secs. 225.28(b)(9)(i)(A)(1) and (2) of the
Board's Regulation Y; and insurance agency activities, pursuant to
Sec. 225.28(b)(11)(vii) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, October 9,
1997.
William W. Wiles,
Secretary of the Board.
[FR Doc. 97-27307 Filed 10-15-97; 8:45 am]
BILLING CODE 6210-01-F
