[Federal Register Volume 62, Number 34 (Thursday, February 20, 1997)]
[Notices]
[Pages 7784-7785]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-4155]
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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. 225.25 of Regulation Y (12 CFR 225.25)
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. Once the notice has been accepted for processing, it will
also 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 March 5, 1997.
A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
1. Crestar Financial Corporation, Richmond, Virginia; to engage de
novo through its subsidiary, Crestar Securities Corporation, Richmond,
Virginia, in underwriting and dealing in certain bank-ineligible
securities. See Citicorp 73 Fed. Res. Bull. 473 (1987) and Chemical 73
Fed. Res. Bull. 731 (1987); in acting as agent in the private placement
of all types of securities. See Bankers Trust 75 Fed. Res. Bull. 829
(1989) and J.P. Morgan 76 Fed. Res. Bull. 26 (1990); and in buying and
selling all types of securities on the order of customers as riskless
principal. See 82 Fed. Res. Bull. 759 (1996).
B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice
President) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
[[Page 7785]]
1. HPK Financial Corporation, Chicago, Illinois; to acquire
Mortgage Service America, Inc., Lombard, Illinois, and thereby engage
in making and servicing loans, pursuant to Sec. 225.25(b)(1) of the
Board's Regulation Y.
Board of Governors of the Federal Reserve System, February 13,
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-4155 Filed 2-19-97; 8:45 am]
BILLING CODE 6210-01-F
