[Federal Register Volume 62, Number 226 (Monday, November 24, 1997)]
[Notices]
[Page 62613]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-30837]



[[Page 62613]]

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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 December 9, 1997.
    A. Federal Reserve Bank of San Francisco (Pat Marshall, Manager of 
Analytical Support, Consumer Regulation Group) 101 Market Street, San 
Francisco, California 94105-1579:
    1. First Security Corporation, Salt Lake City, Utah; to engage de 
novo through its subsidiary, First Security Capital Markets, Salt Lake 
City, Utah, in underwriting and dealing in certain bank-ineligible 
securities. See Citicorp, et al., 73 Fed. Res. Bull. 473 (1987); 
Chemical New York Corporation, et al., 73 Fed. Res. Bull. 731 (1987); 
Bank South Corporation, 81 Fed. Res. Bull. 1116; BOK Financial 
Corporation, 83 Fed. Res. Bull. 510 (1997). First Security Corporation 
also plans to engage in the following activities: (1) acting as agent 
in the private placement of all types of securities; (2) buying and 
selling all types of securities on the order of customers as riskless 
principal; (3) providing full-service securities brokerage and 
investment advisory services in combination; (4) acting as investment 
and financial adviser; (5) making, acquiring, and servicing loans; (6) 
leasing property, engaging as principal in investing and trading 
activities; and (7) engaging in futures, forward, and option contracts 
for hedging purposes; pursuant to Secs.  225.28(b)(1) - (3),(6),(7), 
and (8).

    Board of Governors of the Federal Reserve System, November 19, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-30837 Filed 11-21-97; 8:45 am]
BILLING CODE 6210-01-F