[Federal Register Volume 62, Number 136 (Wednesday, July 16, 1997)] [Notices] [Pages 38091-38092] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 97-18624] ----------------------------------------------------------------------- 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 [[Page 38092]] 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 30, 1997. A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior Vice President) 33 Liberty Street, New York, New York 10045-0001: 1. Royal Bank of Canada, Toronto, Canada; to acquire RBC Dominion Securities Corporation, New York, New York, and thereby engage in acting as a futures commission merchant for unaffiliated persons in the execution, clearance, or execution and clearance of any futures contract and options on a futures contract traded on an exchange in the United States or abroad, pursuant to Sec. 225.28(b)(7) of the Board's Regulation Y; in providing to customers as agent transactional services with respect to swaps and similar transactions, pursuant to Sec. 225.28(b)(8) of the Board's Regulation Y; acting as agent with respect to bank eligible securities, and any other transaction involving a forward contract, option, futures, option on a futures or similar contract relating to a commodity that is traded on an exchange, pursuant to Sec. 225.28(b)(7) of the Board's Regulation Y; in engaging as principal in Foreign Exchange; Forward Contracts, options, futures, options on futures, swaps, and similar contracts, whether traded on exchanges or not, based on any rate, price, financial asset (including gold, silver, platinum, palladium, copper, or any other metal approved by the Board), nonfinancial asset, or group of assets, other than a bank ineligible security, pursuant to Sec. 225.28(b)(8) of the Board's Regulation Y. These proposed activities will be conducted worldwide. B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713: 1. P.C.B. Bancorp, Inc., Largo, Florida; to acquire Anchor Savings Bank, F.S.B., St. Petersburg, Florida, and thereby engage in operating a savings association, pursuant to Sec. 225.28(b)(4) of the Board's Regulation Y. The proposed activity will be conducted throughout the state of Florida. Comments on this proposal must be received by August 8, 1997. C. Federal Reserve Bank of Kansas City (D. Michael Manies, Assistant Vice President) 925 Grand Avenue, Kansas City, Missouri 64198-0001: 1. Citizens Bancshares Company, Chillicothe, Missouri; to engage in a joint venture with John Birchfield and Debbie Keele, and thereby engage in the purchase and servicing of accounts receivable, pursuant to Sec. 225.28(b)(1) of the Board's Regulation Y. Board of Governors of the Federal Reserve System, July 10, 1997. Jennifer J. Johnson, Deputy Secretary of the Board. [FR Doc. 97-18624 Filed 7-15-97; 8:45 am] BILLING CODE 6210-01-F