[Federal Register Volume 63, Number 227 (Wednesday, November 25, 1998)]
[Notices]
[Page 65210]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-31426]
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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, including the
companies listed below, 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 December 9, 1998.
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. Philippine National Bank, Metro Manila, The Philippines, and
Century Holding Corporation, Beverly Hills, California; to acquire PNB
Remittance Centers, Inc., Los Angeles, California, and thereby engage
in money remittance activities; Philippine Commercial International
Bank, 77 Fed. Res. Bull. 270 (1991); Bergen Bank A/S, 76 Fed. Res.
Bull. 457 (1990); and Norwest Corporation, 81 Fed. Res. Bull. 974
(1995).
Board of Governors of the Federal Reserve System, November 19,
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-31426 Filed 11-24-98; 8:45 am]
BILLING CODE 6210-01-F
