[Federal Register Volume 62, Number 123 (Thursday, June 26, 1997)]
[Notices]
[Page 34453]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-16688]


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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. The notice also will 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 July 10, 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, the 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., Rotterdam, in retaining up to 40 
percent, and 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, 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, pursuant to Sec.  225.28(b)(6) of the Board's Regulation 
Y; in acting as a general partner to and providing administrative 
services to investment partnerships, including placing interests in 
such partnerships, See The Bessemer Group, 82 Fed. Res. Bull. 569 
(1996), and Meridian Bancorp, Inc., 80 Fed. Res. Bull. 736 (1994); in 
acting as a commodity pool operator, See The Bessemer Group, 82 Fed. 
Res. Bull. 569 (1996); and in providing administrative services to 
open-end investment companies, See The Governor and Company of the Bank 
of Ireland, 82 Fed. Res. Bull. 1129 (1996), with certain exceptions 
relating to the proposed provision of advisory and administrative 
services to open-end investment companies that are discussed in the 
notice.

    Board of Governors of the Federal Reserve System, June 20, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-16688 Filed 6-25-97; 8:45 am]
BILLING CODE 6210-01-F