[Federal Register Volume 62, Number 242 (Wednesday, December 17, 1997)]
[Notices]
[Page 66097]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-32916]
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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 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 January 2, 1998.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Deutsche Bank, Frankfurt am Main, Federal Republic of Germany;
to acquire through its wholly owned subsidiary, Deutsche Morgan
Grenfell, Inc., New York, New York, certain assets of National
Westminster Bank PLC, London, England, and of its wholly owned
subsidiary NatWest Securities Corporation, New York, New York, and
thereby engage in financial and investment advisory activities,
pursuant to Sec. 225.28(b)(6) of the Board's Regulation Y; securities
brokerage activities; riskless principal activities; private placement
services; futures commission merchant activities and other
transactional services, pursuant to Sec. 225.28(b)(7) of the Board's
Regulation Y; investing and trading activities, pursuant to Sec.
225.28(b)(8)(ii) of the Board's Regulation Y. Notificant also proposes
to engage as principal in (1) buying and selling bank-ineligible
securities; and (2) forward contracts, options, futures, swaps, and
similar contracts, whether traded on exchanges or not, on bank-
ineligible securities. See Deutsche Bank AG, 79 Fed. Res. Bull 161
(1995).
Board of Governors of the Federal Reserve System, December 12,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-32916 Filed 12-16-97; 8:45 am]
BILLING CODE 6210-01-F
