[Federal Register Volume 64, Number 238 (Monday, December 13, 1999)]
[Notices]
[Page 69535]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-32143]
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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 27, 1999.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Westdeutsche Landesbank Girozentrale, Dusseldorf, Germany; to
engage de novo through its subsidiary, WestLB Panmure Securities Inc.,
in making, acquiring, brokering or servicing loans or other extensions
of credit (including factoring, issuing letters of credit and accepting
drafts) for the company's account or for the account of others,
pursuant to Sec. 225.28(b)(1) of Regulation Y; and in providing to
customers as agent transactional services with respect to swaps and
similar transactions, any transaction described in subparagraph (8) of
Sec. 225.28(b), any transaction that is permissible for a state member
bank; and any other transaction involving a forward contract, option,
futures, or similar contract relating to a commodity that is traded on
an exchange, pursuant to Sec. 225.28(b)(7)(v) of Regulation Y.
B. Federal Reserve Bank of Chicago (Philip Jackson, Applications
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
1. Stichting Prioriteit ABN AMRO Holding, Stichting
Administratiekantoor ABN HMRO Holding, ABN AMRO Holding N.V., ABN AMRO
Bank N.V., all of Amsterdam, The Netherlands; and ABN AMRO North
America, Chicago, Illinois; to acquire Atlantic Mortgage & Investment
Corporation, Jacksonville, Florida, and thereby engage in extending
credit and servicing loans pursuant to Sec. 225.28(b)(1) of Regulation
Y.
Board of Governors of the Federal Reserve System, December 7,
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-32143 Filed 12-10-99; 8:45 am]
BILLING CODE 6210-01-F
