[Federal Register Volume 62, Number 151 (Wednesday, August 6, 1997)]
[Notices]
[Pages 42252-42253]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-20728]


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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 21, 1997.

[[Page 42253]]

    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Suez Lyonnaise des Eaux, Paris, France; Societe Generale de 
Belgique, Brussels, Belguim; and Generale de Banque, Brussels, Belguim; 
to acquire 51 percent of a de novo subsidiary, Harbor Capital 
Management, Inc., Boston, Massachusetts, and thereby engage in 
investment advisory activities, pursuant to Sec.  225.28(b)(6) of the 
Board's Regulation Y; investment transactions as principal, pursuant to 
Sec.  225.28(b)(8) of the Board's Regulation Y; to serve as general 
partner of, and provide management and private placement services to 
unregistered investment funds, See The Bressmer Group, Incorporated, 82 
Fed. Res. Bull. 569 (1991). The activities will be conducted worldwide.

    Board of Governors of the Federal Reserve System, August 1, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-20728 Filed 8-5-97; 8:45 am]
BILLING CODE 6210-01-F