[Federal Register Volume 62, Number 136 (Wednesday, July 16, 1997)]
[Notices]
[Pages 38091-38092]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-18624]
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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
[[Page 38092]]
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 July 30, 1997.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Royal Bank of Canada, Toronto, Canada; to acquire RBC Dominion
Securities Corporation, New York, New York, and thereby engage in
acting as a futures commission merchant for unaffiliated persons in the
execution, clearance, or execution and clearance of any futures
contract and options on a futures contract traded on an exchange in the
United States or abroad, pursuant to Sec. 225.28(b)(7) of the Board's
Regulation Y; in providing to customers as agent transactional services
with respect to swaps and similar transactions, pursuant to Sec.
225.28(b)(8) of the Board's Regulation Y; acting as agent with respect
to bank eligible securities, and any other transaction involving a
forward contract, option, futures, option on a futures or similar
contract relating to a commodity that is traded on an exchange,
pursuant to Sec. 225.28(b)(7) of the Board's Regulation Y; in engaging
as principal in Foreign Exchange; Forward Contracts, options, futures,
options on futures, swaps, and similar contracts, whether traded on
exchanges or not, based on any rate, price, financial asset (including
gold, silver, platinum, palladium, copper, or any other metal approved
by the Board), nonfinancial asset, or group of assets, other than a
bank ineligible security, pursuant to Sec. 225.28(b)(8) of the Board's
Regulation Y. These proposed activities will be conducted worldwide.
B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
1. P.C.B. Bancorp, Inc., Largo, Florida; to acquire Anchor Savings
Bank, F.S.B., St. Petersburg, Florida, and thereby engage in operating
a savings association, pursuant to Sec. 225.28(b)(4) of the Board's
Regulation Y. The proposed activity will be conducted throughout the
state of Florida. Comments on this proposal must be received by August
8, 1997.
C. Federal Reserve Bank of Kansas City (D. Michael Manies,
Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri
64198-0001:
1. Citizens Bancshares Company, Chillicothe, Missouri; to engage in
a joint venture with John Birchfield and Debbie Keele, and thereby
engage in the purchase and servicing of accounts receivable, pursuant
to Sec. 225.28(b)(1) of the Board's Regulation Y.
Board of Governors of the Federal Reserve System, July 10, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-18624 Filed 7-15-97; 8:45 am]
BILLING CODE 6210-01-F
