[Federal Register Volume 60, Number 227 (Monday, November 27, 1995)]
[Notices]
[Pages 58360-58361]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-28821]
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[[Page 58361]]
FEDERAL RESERVE SYSTEM
Grupo Financiero Banamex Accival, S.A. de C.V.; Acquisitions of
Shares of Banks or Bank Holding Companies; Correction
This notice corrects a notice (FR Doc. 94-467) published on pages
1400 and 1401 of the issue for Monday, January 10, 1994.
Under the Federal Reserve Bank of San Francisco heading, the entry
for Grupo Financiero Banamex Accival, S.A. de C.V., is revised to read
as follows:
1. Grupo Financiero Banamex Accival, S.A., de C.V., Mexico, D.F.,
Mexico; to become a bank holding company by acquiring 100 percent of
the voting shares of Banco Nacional de Mexico, S.A., Mexico, D.F.,
Mexico, and thereby indirectly acquire Banamex US Bancorp, Los Angeles,
California.
In connection with this application, Applicant proposes to acquire
ACCI Securities, Inc., New York, New York, and thereby engage in full
service securities brokerage activities, pursuant to Secs.
225.25(b)(4) and (b)(15) of the Board's Regulation Y. Applicant also
proposes to engage in the following activities which the Board
previously has determined by order to be closely related to banking:
(1) acting as agent in the private placement of all types of
securities; and (2) acting as a riskless principal in the purchase and
sale of all types of securities on the order of investors. Applicant
has stated that it will conduct the proposed activities within the
limitations and prudential guidelines established by the Board in its
previous orders. See Bank of Nova Scotia, 76 Federal Reserve Bulletin
545 (1990); J.P. Morgan & Co., Incorporated, 76 Fed. Res. Bull. 26
(1990); Bankers Trust New York Corporation, 75 Fed. Res. Bull. 829
(1989).
Comments on this application must be received by December 2, 1995.
Board of Governors of the Federal Reserve System, November 20,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-28821 Filed 11-24-95; 8:45 am]
BILLING CODE 6210-01-F
