[Federal Register Volume 60, Number 13 (Friday, January 20, 1995)]
[Notices]
[Page 4167]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1435]



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FEDERAL RESERVE SYSTEM

Westdeutsche Landesbank Girozentrale; Acquisition of Company 
Engaged in Permissible Nonbanking Activities

    The organization listed in this notice has 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.
    The 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.
    Comments regarding the application must be received at the Reserve 
Bank indicated or the offices of the Board of Governors not later than 
February 2, 1995.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Westdeutsche Landesbank Girozentrale, Dusseldorf, Germany; to 
acquire Interpayment Services Limited, New York, New York (ISL), and 
thereby engage in worldwide issuing, selling, redeeming, and refunding 
U.S. dollar- and foreign currency-denominated traveler's checks, in 
processing of financial data; and providing compliance, accounting, 
training, and related management services to ISL's sales pursuant to 
Sec. 225.25(b)(12) and (7) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, January 13, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-1435 Filed 1-19-95; 8:45 am]
BILLING CODE 6210-01-F