[Federal Register Volume 63, Number 87 (Wednesday, May 6, 1998)]
[Notices]
[Page 25044]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11976]
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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 20, 1998.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. The Bank of Nova Scotia, Toronto, Canada; to acquire American
Securities Transfer & Trust Incorporated, Denver, Colorado, and thereby
engage in certain shareholder services, including acting as a stock
transfer and dividend disbursing agent and providing similar custodial
or agency services, pursuant to Sec. 225.28(b)(5) of the Board's
Regulation Y.
B. 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
indirectly through First Chicago Trust Company, New York, New York, 50
percent of the voting shares of Boston EquiServe, L.P., Canton,
Massachusetts, and thereby engage in the nonbanking activities of
providing data processing services and performing trust company
operations pursuant to Secs. 225.28(b)(14) and 225.28(b)(5) of the
Board's Regulation Y.
Board of Governors of the Federal Reserve System, April 30,
1998.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-11976 Filed 5-5-98; 8:45 am]
BILLING CODE 6210-01-F
