[Federal Register Volume 62, Number 218 (Wednesday, November 12, 1997)]
[Notices]
[Page 60713]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29759]
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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
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 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 November 26, 1997.
A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. SunTrust Banks of Georgia, Inc., Atlanta, Georgia; to acquire
Equitable Securities Corporation, Nashville, Tennessee, and thereby
engage in underwriting and dealing in all types of ineligible
securities. See J.P. Morgan & Co. Incorporated, et al., 75 Fed. Res.
Bull. 192 (1989); extending credit and servicing loans, pursuant to
Sec. 225.28(b)(1) of the Board's Regulation Y; activities related to
extending credit, specifically, arranging commercial real estate equity
financing, pursuant to Sec. 225.28(b)(2)(ii) of the Board's Regulation
Y; leasing personal or real property, pursuant to Sec. 225.28(b)(3) of
the Board's Regulation Y; trust company activities, pursuant to Sec.
225.28(b)(5) of the Board's Regulation Y; financial and investment
advisory activities, pursuant to Sec. 225.28(b)(6) of the Board's
Regulation Y; securities brokerage activities; riskless principal
activities; private placement services; and other transactional
services, pursuant to Sec. 225.28(b)(7) of the Board's Regulation Y;
underwriting and dealing in government obligations and money market
instruments, pursuant to Sec. 225.28(b)(8)(i) of the Board's
Regulation Y; investing and trading activities, pursuant to Sec.
225.28(b)(8)(ii) of the Board's Regulation Y; and other related
incidental activities. See, e.g., J.P. Morgan & Co., 75 Fed. Res. Bull.
at 213, n. 59.
Board of Governors of the Federal Reserve System, November 6,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-29759 Filed 11-10-97; 8:45 am]
BILLING CODE 6210-01-F
