[Federal Register Volume 62, Number 242 (Wednesday, December 17, 1997)]
[Notices]
[Page 66097]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-32916]


-----------------------------------------------------------------------

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 January 2, 1998.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Deutsche Bank, Frankfurt am Main, Federal Republic of Germany; 
to acquire through its wholly owned subsidiary, Deutsche Morgan 
Grenfell, Inc., New York, New York, certain assets of National 
Westminster Bank PLC, London, England, and of its wholly owned 
subsidiary NatWest Securities Corporation, New York, New York, and 
thereby engage in financial and investment advisory activities, 
pursuant to Sec.  225.28(b)(6) of the Board's Regulation Y; securities 
brokerage activities; riskless principal activities; private placement 
services; futures commission merchant activities and other 
transactional services, pursuant to Sec.  225.28(b)(7) of the Board's 
Regulation Y; investing and trading activities, pursuant to Sec.  
225.28(b)(8)(ii) of the Board's Regulation Y. Notificant also proposes 
to engage as principal in (1) buying and selling bank-ineligible 
securities; and (2) forward contracts, options, futures, swaps, and 
similar contracts, whether traded on exchanges or not, on bank-
ineligible securities. See Deutsche Bank AG, 79 Fed. Res. Bull 161 
(1995).

    Board of Governors of the Federal Reserve System, December 12, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-32916 Filed 12-16-97; 8:45 am]
BILLING CODE 6210-01-F