[Federal Register Volume 60, Number 67 (Friday, April 7, 1995)]
[Notices]
[Pages 17789-17790]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8580]



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FEDERAL RESERVE SYSTEM

Banco de Sabadell, S.A.; 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 
April 21, 1995. [[Page 17790]] 
    A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. Banco de Sabadell, S.A., Sabadell, Spain; to retain 50 percent 
of the voting shares of PRS International Investment Advisory Services, 
Inc., and PRS International Brokerage, Inc., both of Miami, Florida, 
and thereby continue to engage in providing institutional and retail 
customers portfolio investment advice general economic information and 
advice, and general economical statistical forecasting services and 
industry studies, pursuant to Sec.  225.25(b)(4) of the Board's 
Regulation Y; providing to institutional and real customers securities 
services, related securities credit activities, pursuant to Regulation 
T, and incidental activities such as custodial services, individual 
retirement accounts, and cash management services, pursuant to Sec.  
225.25(b)(15) of the Board's Regulation Y; and acting as an introducing 
broker for institutional and retail customers in the execution and 
clearance on major commodity exchanges of futures contracts and options 
on futures contracts for bullion, foreign exchange, government 
securities, certificates of deposit, other money market instruments, 
pursuant to Sec.  225.25(b)(18) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, April 3, 1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-8580 Filed 4-6-95; 8:45 am]
BILLING CODE 6210-01-F