[Federal Register Volume 60, Number 94 (Tuesday, May 16, 1995)] [Notices] [Pages 26034-26035] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 95-11996] ======================================================================= ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.; Notice of Application to Engage de novo in Permissible Nonbanking Activities The company listed in this notice has filed an application under Sec. 225.23(a)(1) of the Board's Regulation Y (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 the Board has determined is 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 [[Page 26035]] indicated or the offices of the Board of Governors not later than May 30, 1995. A. Federal Reserve Bank of New York (William L. Rutledge, Senior Vice President) 33 Liberty Street, New York, New York 10045: 1. Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., Rabobank Nederland, Utrecht, Netherland to engage de novo through its subsidiary, Rabo Capital Services, Inc., New York, New York, in intermediating in the international swap markets by acting as an originator and principal in interest rate swap and currency swap transactions; acting as an originator and principal with respect to certain risk-management products such as caps, floors and collars, as well as options on swaps, caps, floors and collars (Swap Derivative Products); acting as a broker or agent with respect to the foregoing transactions and instruments; and acting as an advisor to institutional customers regarding financial strategies involving interest rate and currency swaps and Swap Derivative Products. See Long-Term Credit Bank of Japan, Limited, 79 Federal Reserve Bulletin 345 (1993)). Board of Governors of the Federal Reserve System, May 10, 1995. Jennifer J. Johnson, Deputy Secretary of the Board. [FR Doc. 95-11996 Filed 5-15-95; 8:45 am] BILLING CODE 6210-01-F