98-4696. Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities

[Federal Register Volume 63, Number 36 (Tuesday, February 24, 1998)]
[Notices]
[Page 9235]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-4696]


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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 March 11, 1998.
    A. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. First Chicago NBD Corporation, Chicago, Illinois; to acquire 
Roney & Co., L.L.C., Detroit, Michigan (``Roney''), and thereby engage 
in financial advisory activities, debt and equity securities 
underwriting activities, and debt and equity placement activities, and 
retail brokerage, pursuant to Secs.  225.28(b)(6) and (b)(7) of the 
Board's Regulation Y, and J.P. Morgan & Co. Inc., 75 Fed. Res. Bull. 92 
(1989). First Chicago NBD Corporation received approval to engage to a 
limited extent in underwriting and dealing in equity securities in a 
Board Order dated July 28, 1997.

    Board of Governors of the Federal Reserve System, February 19, 
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-4696 Filed 2-23-98; 8:45 am]
BILLING CODE 6210-01-F