[Federal Register Volume 60, Number 211 (Wednesday, November 1, 1995)]
[Notices]
[Pages 55581-55582]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-27048]



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FEDERAL RESERVE SYSTEM
The Royal Bank of Scotland Group plc, 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 (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 

[[Page 55582]]
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 November 16, 1995.
    A. Federal Reserve Bank of Boston (Robert M. Brady, Vice President) 
600 Atlantic Avenue, Boston, Massachusetts 02106:
    1. The Royal Bank of Scotland Group plc; The Royal Bank of Scotland 
plc, both of Edinburgh, United Kingdom, and Citizens Financial Group, 
Inc., Providence, Rhode Island; to engage de novo through their 
subsidiary, Citizens Investment Securities, Inc., Providence, Rhode 
Island, in providing securities brokerage activities, pursuant to Sec.  
225.25(b)(15) of the Board's Regulation Y.
    B. Federal Reserve Bank of New York (William L. Rutledge, Senior 
Vice President) 33 Liberty Street, New York, New York 10045:
    1. National Westminster Bank plc, London, England; to engage de 
novo in community development activities, pursuant to Sec.  225.25 
(b)(6) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, October 26, 
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-27048 Filed 10-31-95; 8:45 am]
BILLING CODE 6210-01-F