[Federal Register Volume 62, Number 248 (Monday, December 29, 1997)]
[Notices]
[Pages 67641-67642]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-33637]


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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 January 9, 1998.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Bayerische Vereinsbank AG, Munich, Germany; to acquire Hypo 
Securities Inc., New York, New York, and thereby engage in brokerage of 
equity securities, as agent for the account of customers, who are, for 
the most part, non-U.S. offices and affiliates of Hypo Bank, pursuant 
to Sec.  225.28(b)(7)(i) of the Board's Regulation Y; brokerage of 
fixed income securities, as agent for the account of customers, 
pursuant to Sec.  225.28(b)(7)(i) of the Board's Regulation Y; 
secondary market riskless principal transactions involving

[[Page 67642]]

fixed income securities, pursuant to Sec.  225.28(b)(7(ii) of the 
Board's Regulation Y; and investment advisory activities, especially 
advice with respect to real estate equity and debt investments, 
pursuant to Sec.  225.28(b)(6) of the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, December 19, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-33637 Filed 12-24-97; 8:45 am]
BILLING CODE 6210-01-F