[Federal Register Volume 62, Number 34 (Thursday, February 20, 1997)]
[Notices]
[Pages 7784-7785]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-4155]


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FEDERAL RESERVE SYSTEM

Notice of Proposals to Engage in Permissible Nonbanking 
Activities or to Acquire Companies that are Engaged in Permissible 
Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation      Y, (12 CFR Part 225) to engage de novo, or to acquire 
or control voting securities or assets of a company that engages either 
directly or through a subsidiary or other company, in a nonbanking 
activity that is listed in Sec.  225.25 of Regulation Y (12 CFR 225.25) 
or that the Board has determined by Order to be closely related to 
banking and permissible for bank holding companies. Unless otherwise 
noted, these activities will be conducted throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. Once the notice 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 the proposal complies with the standards of section 4 
of the BHC Act.
    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 March 5, 1997.
    A. Federal Reserve Bank of Richmond (Lloyd W. Bostian, Jr., Senior 
Vice President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Crestar Financial Corporation, Richmond, Virginia; to engage de 
novo through its subsidiary, Crestar Securities Corporation, Richmond, 
Virginia, in underwriting and dealing in certain bank-ineligible 
securities. See Citicorp 73 Fed. Res. Bull. 473 (1987) and Chemical 73 
Fed. Res. Bull. 731 (1987); in acting as agent in the private placement 
of all types of securities. See Bankers Trust 75 Fed. Res. Bull. 829 
(1989) and J.P. Morgan 76 Fed. Res. Bull. 26 (1990); and in buying and 
selling all types of securities on the order of customers as riskless 
principal. See 82 Fed. Res. Bull. 759 (1996).
    B. Federal Reserve Bank of Chicago (James A. Bluemle, Vice 
President) 230 South LaSalle Street, Chicago, Illinois 60690-1413:

[[Page 7785]]

    1. HPK Financial Corporation, Chicago, Illinois; to acquire 
Mortgage Service America, Inc., Lombard, Illinois, and thereby engage 
in making and servicing loans, pursuant to Sec.  225.25(b)(1) of the 
Board's Regulation Y.

    Board of Governors of the Federal Reserve System, February 13, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-4155 Filed 2-19-97; 8:45 am]
BILLING CODE 6210-01-F