[Federal Register Volume 64, Number 150 (Thursday, August 5, 1999)]
[Notices]
[Page 42698]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-20095]
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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 August 19, 1999.
A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Citigroup, Inc., and Citicorp, both of New York, New York; to
acquire through Citicorp Strategic Technology Corporation, New York,
New York, an investment in GlobeSet, Inc., Austin, Texas, and engage in
the development, manufacture, and distribution of software designed to
provide electronic banking services to consumer and business customers,
pursuant to Sec. 225.28(b)(14)(i) of Regulation Y.
Board of Governors of the Federal Reserve System, July 30, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-20095 Filed 8-4-99; 8:45 am]
BILLING CODE 6210-01-F
