[Federal Register Volume 63, Number 117 (Thursday, June 18, 1998)]
[Notices]
[Page 33374]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-16169]


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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, including the 
companies listed below, 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 July 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. Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., Utrecht, 
The Netherlands; to acquire Weiss, Peck & Greer, L.L.C., New York, New 
York, and thereby engage in acting as investment and financial adviser 
to any person, pursuant to Sec.  225.28(b)(6) of Regulation Y; 
conducting agency transactional services for customer investments, 
pursuant to Sec.  225.28 (b)(7) of Regulation Y; acting directly or 
indirectly as general partner of, managing member in or otherwise 
controlling investment funds that invest in up to 5 percent of the 
voting securities and 25 percent of the nonvoting equity of companies; 
See The Dresdner Bank, A.G., 84 Fed. Res. Bull. 361 (1998), 
(``Dresdner/Oeschle''); The Bessemer Group, Incorporated, 82 Fed. Bull. 
569 (1996); and Meridian Bancorp, Inc., 80 Fed. Res. Bull. 736 (1994); 
acting as a commodity pool operator, See Dresdner/Oeschle; providing 
administrative services to mutual funds to the extent set forth in 
Board orders, See Lloyds/IAI Lloyds TSB Group plc, 84 Fed. Res. Bull. 
116 (1998); The Governor and Company of the Bank of Ireland, 82 Fed. 
Res. Bull. 1129 (1996); Bankers Trust New York Corporation, 83 Fed. 
Res. Bull. 780 (1996); and J.P.Morgan, 84 Fed. Res. Bull. 113 (1997).

    Board of Governors of the Federal Reserve System, June 12, 1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-16169 Filed 6-17-98; 8:45 am]
BILLING CODE 6210-01-F