[Federal Register Volume 64, Number 182 (Tuesday, September 21, 1999)]
[Notices]
[Page 51125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-24542]
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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 October 5, 1999.
A. Federal Reserve Bank of Boston (Richard Walker, Community
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
1. Boston Private Financial Holdings, Inc., Boston, Massachusetts;
to acquire RINET Company, Inc., Boston, Massachusetts, and thereby
indirectly acquire Cornerstone Fund Advisors, Inc., Boston,
Massachusetts, and thereby engage in providing tax-planning and
preparation services, business valuation and liquidation strategies,
and asset allocation, estate planning, charitable planning, investment
consulting, general financial planning, and other investment advisory
services, pursuant to Sec. 225.28(b)(6) of Regulation Y; in trust
management services, pursuant to Sec. 225.28(b)(5) of Regulation Y; in
private placement services, pursuant to Sec. 225.28(b)(7)(iii) of
Regulation Y; in employee benefits consulting, pursuant to Sec.
225.28(b)(9)(ii) of Regulation Y; in providing administrative services
to closed-end investment funds, pursuant to Board Order, see Dresdner
Bank AG, 82 Fed. Res. Bull. 676 (1996); and in serving as the general
partner of private investment funds, pursuant to Board Order, see
Dresdner Bank AG 84 Fed. Res. Bull. 361 (1998).
B. Federal Reserve Bank of New York (Betsy Buttrill White, Senior
Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. Cera Holding, C.V., Brussels, Belgium; Almanij N.V. (Algemene
Maatschappij Voor Nijverheidskrediet), Antwerp, Belgium; KBC Bank &
Insurance Holding Company, N.V., Brussels, Belgium; and KBC Bank N.V.,
Brussels, Belgium; to acquire D.E. Shaw & Company, New York, New York,
through KBC Financial Products USA, Inc., New York, New York, and
thereby engage in financial and investment advisory activities,
pursuant to Sec. 225.28(b)(6) of Regulation Y; in agency transactional
services for customer investments, including securities brokerage,
riskless principal transactions, private placement services, and other
transactional services, pursuant to Secs. 225.28(b)(7)(i), (ii), (iii)
and (v) of Regulation Y, respectively; and in investment transactions
as principal, including underwriting and dealing in government
obligations and money market instruments, and investing and trading
activities, pursuant to Secs. 225.28(b)(8)(i) and (ii) of Regulation
Y, respectively. These activities will be conducted worldwide.
Board of Governors of the Federal Reserve System, September 15,
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-24542 Filed 9-20-99; 8:45 am]
BILLING CODE 6210-01-F
