[Federal Register Volume 60, Number 154 (Thursday, August 10, 1995)]
[Notices]
[Pages 40843-40844]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-19761]



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FEDERAL RESERVE SYSTEM

HSBC Holdings, PLC, 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 

[[Page 40844]]
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 
August 24, 1995.
    A. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. HSBC Holdings PLC, London, United Kingdom, and HSBC Holdings BV, 
Amsterdam, Netherlands; to acquire through its subsidiary, James Capel 
Incorporated (JCI), New York, New York, an office of NatWest Securities 
Corporation and thereby engage in investment and financial advice, 
pursuant to Sec.  225.25(b)(4)(iv) of the Board's Regulation Y.
    B. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303:
    1. First American Corporation, Nashville, Tennessee; to acquire 
Charter Federal Savings Bank, Bristol, Virginia, and thereby engage in 
operating a savings association, pursuant to Sec.  225.25(b)(9) of the 
Board's Regulation Y. The proposed activities will be conducted 
throughout the State of Virginia.

    Board of Governors of the Federal Reserve System, August 4, 
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-19761 Filed 8-9-95; 8:45 am]
BILLING CODE 6210-01-F