[Federal Register Volume 60, Number 211 (Wednesday, November 1, 1995)]
[Notices]
[Pages 55581-55582]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-27048]
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FEDERAL RESERVE SYSTEM
The Royal Bank of Scotland Group plc, 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 (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
[[Page 55582]]
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 November 16, 1995.
A. Federal Reserve Bank of Boston (Robert M. Brady, Vice President)
600 Atlantic Avenue, Boston, Massachusetts 02106:
1. The Royal Bank of Scotland Group plc; The Royal Bank of Scotland
plc, both of Edinburgh, United Kingdom, and Citizens Financial Group,
Inc., Providence, Rhode Island; to engage de novo through their
subsidiary, Citizens Investment Securities, Inc., Providence, Rhode
Island, in providing securities brokerage activities, pursuant to Sec.
225.25(b)(15) of the Board's Regulation Y.
B. Federal Reserve Bank of New York (William L. Rutledge, Senior
Vice President) 33 Liberty Street, New York, New York 10045:
1. National Westminster Bank plc, London, England; to engage de
novo in community development activities, pursuant to Sec. 225.25
(b)(6) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, October 26,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-27048 Filed 10-31-95; 8:45 am]
BILLING CODE 6210-01-F
