[Federal Register Volume 60, Number 14 (Monday, January 23, 1995)]
[Notices]
[Pages 4415-4416]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-1652]



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FEDERAL RESERVE SYSTEM

Cooperative Centrale Raiffeisen-Boerenleenbank, B.A., Rabobank 
Nederland, et al.; Notice of Applications to Engage de novo in 
Permissible Nonbanking Activities

    The companies listed in this notice have filed an application under 
Sec.  225.23(a)(1) of the Board's Regulation Y [[Page 4416]] (12 CFR 
225.23(a)(1)) 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 commence or to engage de novo, 
either directly or through a subsidiary, 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 the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than February 6, 1995.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. Cooperative Centrale Raiffeisen-Boerenleenbank, B.A., Rabobank 
Nederland, Utrecht, The Netherlands; to engage de novo through its 
subsidiary Utrecht-America Finance Co., New York, New York, in making, 
acquiring, or servicing loans or other extensions of credit for the 
subsidiary's account, or for the account of others, such as would be 
made, acquired or serviced by a commercial finance company, leasing 
personal or real property or acting as agent, broker or advisor in 
leasing such property through its subsidiary, pursuant to Secs.  225.25 
(b)(1) and (b)(5) of the Board's Regulation Y.
    B. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261:
    1. Palmer National Bancorp, Washington, D.C.; to engage de novo 
through its subsidiary Palmer National Mortgage, Inc., Rockville, 
Maryland, in residential mortgage banking activities, pursuant to Sec.  
225.25(b)(1)(iii) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, January 17, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-1652 Filed 1-20-95; 8:45 am]
BILLING CODE 6210-01-F