[Federal Register Volume 62, Number 106 (Tuesday, June 3, 1997)]
[Notices]
[Pages 30329-30330]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-14404]


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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.  225.28 of Regulation Y (12 CFR 225.28) 
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

[[Page 30330]]

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 June 17, 1997.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Cooperative Centrale Raiffeisen-Boerenleenbank, B.A., Rabobank 
Nederland, Utrecht, Netherlands; to engage de novo through its 
subsidiaries, Smith Graham & Co. Asset Managers L.P., Houston, Texas; 
SGR Global Advisers, Houston, Texas; Robeco Institutional Asset 
Management US, Inc., Houston, Texas; AEA Global Advisors LLC, New York, 
New York; and Robeco Group, N.V., in retaining initially up to 40 
percent, and in the future to acquire up to 100 percent, of Smith 
Graham & Co. Asset Managers L.P.; in retaining 100 percent of SGR 
Global Advisers, a limited partnership; in acquiring 100 percent of 
Robeco Institutional Asset Management US Inc., a de novo corporation; 
and to acquire initially 33-1/3 percent, and in the future to acquire 
up to 100 percent of AEA Global Advisors, LLC, a joint venture de novo 
limited liability company, and thereby to engage through Smith Graham & 
Co. Asset Managers L.P., SGR Global Advisers, Robeco Institutional 
Asset Management US, Inc., and AEA Global Advisors LLC, in acting as 
investment or financial advisor (on a discretionary basis) to any 
person, acting as a general partner to investment partnerships and 
placing interests in such partnerships; pursuant to Sec.  225.28(b)(6) 
of the Board's Regulation Y, and in acting as a commodity pool 
operator, pursuant to The Bessemer Group, 82 Fed. Res. Bull. 569 
(1996).
    2. Dresdner Bank AG, Frankfurt, Germany; to engage de novo through 
its subsidiary, Dresdner Kleinwort Benson, New York, New York, in 
extending credit and servicing loans, pursuant to Sec.  225.28(b)(1) of 
the Board's Regulation Y; in activities related to extending credit, 
pursuant to Sec.  225.28 (b)(2) of the Board's Regulation Y; in leasing 
personal or real property, pursuant to Sec.  225.28(b)(3) of the 
Board's Regulation Y; in trust company functions, pursuant to Sec.  
225.28(b)(5) of the Board's Regulation Y; in financial and investment 
advisory activities, pursuant to Sec.  225.28(b)(6) of the Board's 
Regulation Y; in agency transactional services for customer investment, 
pursuant to Sec.  225.28(b)(8); and in management consulting and 
counseling activities, pursuant to Sec.  225.28(b)(9).
    A. Federal Reserve Bank of Cleveland (Jeffrey Hirsch, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Huntington Bancshares, Inc., Columbus, Ohio; to engage de novo 
through its subsidiary, Huntington Capital Corp., Columbus, Ohio, in 
underwriting and dealing to a limited extent in all types of debt 
securities, including corporate debt securities, sovereign debt 
securities, mortgage revenue bonds, mortgage-backed securities and 
consumer-receivable securities. The company would not underwrite 
convertible debt instruments nor will the company seek to underwrite 
equity securities, pursuant to J.P. Morgan & Co., The Chase Manhattan 
Corp., Bankers Trust New York Corp., Citicorp and Security Pacific 
Corp. (75 Fed. Res. Bull. 192 (1989)).

    Board of Governors of the Federal Reserve System, May 28, 1997.
William W. Wiles,
Secretary of the Board.
[FR Doc. 97-14404 Filed 6-2-97; 8:45 am]
BILLING CODE 6210-01-F