[Federal Register Volume 59, Number 97 (Friday, May 20, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-12370]


[[Page Unknown]]

[Federal Register: May 20, 1994]


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FEDERAL RESERVE SYSTEM

 

Creditanstalt-Bankverein, et al.; Acquisitions of Companies 
Engaged in Permissible Nonbanking Activities

    The organizations listed in this notice have applied under Sec.  
225.23(a)(2) or (f) of the Board's Regulation Y (12 CFR 225.23(a)(2) or 
(f)) for the Board's approval under section 4(c)(8) of the Bank Holding 
Company Act (12 U.S.C. 1843(c)(8)) and Sec.  225.21(a) of Regulation Y 
(12 CFR 225.21(a)) to acquire or control voting securities or assets of 
a company engaged in a nonbanking activity that is listed in Sec.  
225.25 of Regulation Y as closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, such activities 
will be conducted throughout the United States.
    Each application is available for immediate inspection at the 
Federal Reserve Bank indicated. Once the application has been accepted 
for processing, it will also be available for inspection at the offices 
of the Board of Governors. Interested persons may express their views 
in writing on the question whether consummation of the proposal can 
``reasonably be expected to produce benefits to the public, such as 
greater convenience, increased competition, or gains in efficiency, 
that outweigh possible adverse effects, such as undue concentration of 
resources, decreased or unfair competition, conflicts of interests, or 
unsound banking practices.'' Any request for a hearing on this question 
must be accompanied by a statement of the reasons a written 
presentation would not suffice in lieu of a hearing, identifying 
specifically any questions of fact that are in dispute, summarizing the 
evidence that would be presented at a hearing, and indicating how the 
party commenting would be aggrieved by approval of the proposal.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated for the 
application or the offices of the Board of Governors not later than 
June 13, 1994.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Creditanstalt-Bankverein, Vienna, Austria; to acquire Gulfstream 
Global Investors, Ltd., Dallas, Texas; and thereby engage in providing 
portfolio investment advice to any other person and serving as 
investment adviser to an investment company that is registered under 
the Investment Company Act of 1940, including sponsoring, organizing 
and managing a closed-end investment company and furnishing general 
economic information and advice, general economic statistical 
forecasting services and industry studies pursuant to Sec.  
225.25(b)(4)(ii), (iii) and (iv) of the Board's Regulation Y.
    2. J.P. Morgan & Co. Incorporated, New York, New York; to acquire 
18 percent of the New York Equity Fund 1993 Limited Partnership, a 
company engaged in making equity and debt investments in corporations 
or projects designed primarily to promote community welfare pursuant to 
Sec. 225.25(b)(6) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, May 16, 1994.
Jennifer J. Johnson,
Associate Secretary of the Board.
[FR Doc. 94-12370 Filed 5-19-94; 8:45 am]
BILLING CODE 6210-01-F