03-29469. 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 § 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. Additional information on all bank holding companies may be obtained from the National Information Center website at www.ffiec.gov/​nic/​.

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, 2003.

A. Federal Reserve Bank of New York (Jay Bernstein, Bank Supervision Officer) 33 Liberty Street, New York, New York 10045-0001:

1. Bayerische Hypo- und Vereinsbank AG, and Munchener Ruckversicherungs-Gesellschaft AG, both of Munich, Germany; to acquire through Indentrus, LLC, eFinance Corporation, San Francisco, California,and thereby engage in credit bureau services, including maintaining customers' credit history and providing that information to credit grantors, pursuant to section 225.28(b)(2)(v) of Regulation Y; furnishing general economic information and advice, general economic statistical forecasting services or industry studies, pursuant to section 225.28(6)(ii) of Regulation Y; and in management consulting services, pursuant to section 225.28(b)(9) of Regulation Y.

Board of Governors of the Federal Reserve System, November 19, 2003.

Robert deV. Frierson,

Deputy Secretary of the Board.