[Federal Register Volume 63, Number 203 (Wednesday, October 21, 1998)]
[Notices]
[Page 56189]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-28186]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in Permissible Nonbanking
Activities or to Acquire Companies that are Engaged in Permissible
Nonbanking Activities; Correction
This notice corrects a notice (FR Doc. 98-27635) published on page
55390 of the issue for Thursday, October 15, 1998.
Under the Federal Reserve Bank of San Francisco heading, the entry
for Banque Nationale de Paris, Paris, France, is revised to read as
follows:
A. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager
of Analytical Support, Consumer Regulation Group) 101 Market Street,
San Francisco, California 94105-1579:
1. Banque Nationale de Paris, Paris, France; to engage de novo
through its subsidiary, BNP Capital Markets, LLC, New York, New York,
in underwriting and dealing to a limited extent in all types of debt
securities (including, without limitation, corporate debt securities,
sovereign debt securities, and debt securities convertible into equity
securities) and equity securities (including, without limitation,
common stock, preferred stock, American Depositary Receipts, Global
Depository Receipts, securities convertible into equity securities and
options, other direct and indirect equity ownership interests in
corporations and other entities, warrants and other rights issued in
connection with the above securities, and other rights issued by close-
end investment companies, but not including ownership interests in
open-end investment companies); See e.g. Societe Generale, 84 Fed. Res.
Bull. 680 (1998); in underwriting and dealing in bank-eligible
securities, pursuant to Sec. 225.28(b)(8)(i) of Regulation Y; in acting
as private placement agent, pursuant to Sec. 225.28(b)(7)(iii) of
Regulation Y; in acting as a riskless principal, pursuant to
Sec. 225.28(b)(7)(ii) of Regulation Y; in acting as investment or
financial advisor to any person, pursuant to Sec. 225.28(b)(6) of
Regulation Y; in brokerage activities, pursuant to Sec. 225.28(b)(7)(i)
of Regulation Y; in providing transactional services as agent with
respect to a broad range of foreign exchange and derivatives
instruments, pursuant to Sec. 225.28(b)(7)(v) of Regulation Y; in
acting as principal in foreign exchange and certain derivatives
transactions, pursuant to Sec. 225.28(b)(8)(ii) of Regulation Y; in
making, acquiring, brokering or servicing loans or other extensions of
credit, pursuant to Sec. 225.28(b)(1) of Regulation Y; in asset
management, servicing and collection of assets of a type that an
insured depository institution may originate and own, pursuant to
Sec. 225.28(b)(2)(vi) of Regulation Y; and acquiring debt that is in
default at the time of acquisition, pursuant to Sec. 225.28(b)(2)(vii)
of Regulation Y. These activities will be conducted worldwide.
Comments on this application must be received by October 28, 1998.
Board of Governors of the Federal Reserve System, October 15,
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-28186 Filed 10-20-98; 8:45 am]
BILLING CODE 6210-01-P
