E7-13148. 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 § 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. Additional information on all bank holding companies may be obtained from the National Information Center website at www.ffiec.gov/​nic/​.

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 9, 2007.

A. Federal Reserve Bank of Atlanta (David Tatum, Vice President) 1000 Peachtree Street, N.E., Atlanta, Georgia 30309:

1. Inversions Argos S.A., Suramericana de Inversiones S.A., and Bancolombia S.A., all of Medellin, Columbia; to acquire indirectly Bienes y Servicios, S.A., Santa Tecla, El Salvador, and thereby engage in activities related to money transfer services and selling prepaid calling cards through its subsidiary Banagricola de El Salvador, Inc., Los Angeles, California. See Midland Bank, PLC, 76 Federal Reserve Bulletin 860 (1990); Norwest Corporation, 81 Federal Reserve Bulletin (1995) and 81 Federal Reserve Bulletin 1130 (1995); and Popular, Inc., 84 Federal Reserve Bulletin 481 (1998).

Board of Governors of the Federal Reserve System, June 26, 2007.

Robert deV. Frierson,

Deputy Secretary of the Board.