[Federal Register Volume 63, Number 224 (Friday, November 20, 1998)]
[Notices]
[Page 64511]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-31018]
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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; Correction
This notice corrects a notice (FR Doc. 98-30096) published on page
63055 of the issue for Tuesday, November 10, 1998.
Under the Federal Reserve Bank of Minneapolis heading, the entry
for U.S. Bancorp, Minneapolis, Minnesota, is revised to read as
follows:
A. Federal Reserve Bank of Minneapolis (JoAnne F. Lewellen,
Assistant Vice President) 90 Hennepin Avenue, P.O. Box 291,
Minneapolis, Minnesota 55480-0291:
1. U.S. Bancorp, Minneapolis, Minnesota; to acquire Libra
Investments, Inc., Los Angeles, California, through this acquisition,
U.S. Bancorp will acquire an equity interest in Libra Investors, LLC,
LFM, LLC, Libra Investors II, LLC, and LFC, LLC, all of Los Angeles,
California, and thereby engage in underwriting and dealing in, to a
limited extent, all types of debt and equity securities other than
open-end investment companies. J.P. Morgan & Co., Incorporated, 75 Fed.
Res. Bull. 192 (1989). Engaging in financial advisory activities
pursuant to Sec. 225.28(b)(6) of Regulation Y; providing agency
transactional services for customer investments, pursuant to Sec.
225.28(b)(7) of Regulation Y; acting directly or indirectly through
subsidiaries or affiliates, as general partner for a series of limited
partnerships and limited liability companies now existing or to be
established in the future, that are excluded from the definition of
``investment company'' under the Investment Company Act of 1940 and are
exempt from registration and the prospectus requirements of the
Securities Act of 1933, which may invest in securities or other assets
eligible for investment by U.S. Bancorp and may make, service and
invest in discounted bank loans and other debt securities (other than
discounted debt securities collateralized by shares of banks and bank
holding companies), including secured and unsecured debt in the form of
bank loans, privately placed and publicly-traded debt instruments,
bonds, notes, debentures and discounted receivables. Dresdner Bank AG,
84 Fed. Res. Bull. 361 (1998); Letter to Swiss Bank Corporation from
the Federal Reserve Bank of New York (March 28, 1995); Meridian
Bancorp, Inc., 80 Fed. Res. Bull. 736 (1991).
Comments on this application must be received by November 24, 1998.
Board of Governors of the Federal Reserve System, November 16,
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-31018 Filed 11-9-8; 8:45 am]
BILLING CODE 6210-1-
