[Federal Register Volume 62, Number 143 (Friday, July 25, 1997)]
[Notices]
[Page 40088]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-19675]


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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 11, 1997.
    A. Federal Reserve Bank of Cleveland (Jeffery Hirsch, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. KeyCorp, Cleveland, Ohio; to engage through its wholly owned 
subsidiary, Key Capital Markets, Inc., Cleveland, Ohio, in underwriting 
and dealing in, to a limited extent, all types of debt and equity 
securities (other than ownership interests in open-end investment 
companies) and providing such services as are a necessary incident 
thereto, See, J.P. Morgan & Co., Incorporated, et al., 75 Fed. Res. 
Bull. 192 (1989), as modified by subsequent orders; in financial and 
investment advisory activities under Sec.  225.28(b)(6) of the Board's 
Regulation Y; in agency transactional services for customer 
investments, pursuant to Sec.  225.28(b)(7) of the Board's Regulation 
Y; and in investment transactions as principal, pursuant to Sec.  
225.28(b)(8) of the Board's Regulation Y. These activities will be 
conducted on a worldwide basis.
    B. Federal Reserve Bank of Minneapolis (Karen L. Grandstrand, Vice 
President) 250 Marquette Avenue, Minneapolis, Minnesota 55480-2171:
    1. BCB Bancorp, Inc., Chippewa Falls, Wisconsin; to engage de novo 
through its subsidiary, Heartland Data Center, Inc., Cameron, 
Wisconsin, in providing data processing services to local, non-
affiliate financial institutions, pursuant to Sec.  225.28(b)(14) of 
the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, July 22, 1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-19675 Filed 7-24-97; 8:45 am]
BILLING CODE 6210-01-F