[Federal Register Volume 64, Number 75 (Tuesday, April 20, 1999)]
[Notices]
[Page 19363]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-9799]
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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 May 4, 1999.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Credit Suisse Group and Credit Suisse First Boston, both of
Zurich, Switzerland; to acquire Warburg, Pincus Asset Management
Holdings, Inc., New York, New York, and thereby engage in financial and
investment advisory activities, pursuant to Sec. 225.28(b)(6) of
Regulation Y; securities brokerage activities, pursuant to Sec.
225.28(b)(7)(i) of Regulation Y; riskless-principal activities,
pursuant to Sec. 225.28(b)(7)(ii) of Regulation Y; private placement
activities, pursuant to Sec. 225.28(b)(7)(iii) of Regulation Y; other
transactional activities, pursuant to Sec. 225.28(b)(7)(v) of
Regulation Y; investing and trading activities, pursuant to Sec.
225.28(b)(8)(ii) of Regulation Y; data processing services, pursuant to
Sec. 225.28(b)(14) of Regulation Y; serving as investment advisor to
and the general partner of (including, as appropriate, as commodity
pool operator for) and holding and placing equity interests in, certain
private investment funds which invest only in securities and other
instruments that Applicants would be permitted to hold directly under
the Bank Holding Company Act, previously found to be permissible by
Board Order. See, Key Corp, 84 Fed. Res. Bull. 1075 (1998); providing
administrative services to open-end and closed-end investment
companies, previously found to be permissible by Board Order. See, Key
Corp, 84 Fed. Res. Bull. 1075 (1998); providing certain Internet-
related services, previously found to be permissible by Board Order.
See, Royal Bank of Canada, 84 Fed. Res. Bull. 855 (1998).
Board of Governors of the Federal Reserve System, April 14,
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-9799 Filed 4-19-99; 8:45 am]
BILLING CODE 6210-01-F
