[Federal Register Volume 63, Number 138 (Monday, July 20, 1998)]
[Notices]
[Page 38836]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-19292]


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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 August 4, 1998.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Barclays PLC and Barclays Bank PLC, both of London, England; to 
acquire through its subsidiary, Barclays Capital Inc., New York, New 
York, in the acquisition of a substantial portion of the securities 
lending and prime brokerage business of Daiwa Securities America Inc., 
New York, New York, and thereby engage in lending and securities 
activities, pursuant to Secs.  225.28(b)(2)(i) and (b)(7) of Regulation 
Y.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. State Financial Services Corporation, Hales Corners, Wisconsin; 
to acquire Home Bancorp of Elgin, Inc., Elgin, Illinois, a savings and 
loan holding company, and indirectly acquire Home Federal Savings, 
Elgin, Illinois, pursuant to Sec.  225.28(b)(4)(ii) of Regulation Y.

    Board of Governors of the Federal Reserve System, July 15, 1998.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 98-19292 Filed 7-17-98; 8:45 am]
BILLING CODE 6210-01-F