[Federal Register Volume 62, Number 137 (Thursday, July 17, 1997)]
[Notices]
[Page 38308]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-18879]


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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 August 1, 1997.
    A. Federal Reserve Bank of Cleveland (Jeffery Hirsch, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. KeyCorp, Cleveland, Ohio; to acquire Key Capital Markets, Inc., 
Cleveland, Ohio and thereby engage in underwriting and dealing in all 
types of debt and equity securities (other than ownership interests in 
open-end investment companies) on a limited basis and to provide such 
services as are a necessary incident thereto; See J.P. Morgan & Co., 
Inc., The Chase Manhattan Corp., Bankers Trust New York Corp, Citicorp 
and Security Pacific Corp., 75 Fed. Res. Bull. 192 (1989); and in 
providing certain financial and investment advisory services, providing 
certain agency transactional services for customer investments and 
engaging in certain investment transactions and principal, pursuant to Secs.  
225.28(b)(6), (7), and (8) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, July 14, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-18879 Filed 7-16-97; 8:45 am]
BILLING CODE 6210-01-F