[Federal Register Volume 64, Number 75 (Tuesday, April 20, 1999)]
[Page 19363]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-9799]



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 May 4, 1999.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Credit Suisse Group and Credit Suisse First Boston, both of 
Zurich, Switzerland; to acquire Warburg, Pincus Asset Management 
Holdings, Inc., New York, New York, and thereby engage in financial and 
investment advisory activities, pursuant to Sec.  225.28(b)(6) of 
Regulation Y; securities brokerage activities, pursuant to Sec.  
225.28(b)(7)(i) of Regulation Y; riskless-principal activities, 
pursuant to Sec.  225.28(b)(7)(ii) of Regulation Y; private placement 
activities, pursuant to Sec.  225.28(b)(7)(iii) of Regulation Y; other 
transactional activities, pursuant to Sec.  225.28(b)(7)(v) of 
Regulation Y; investing and trading activities, pursuant to Sec.  
225.28(b)(8)(ii) of Regulation Y; data processing services, pursuant to 
Sec.  225.28(b)(14) of Regulation Y; serving as investment advisor to 
and the general partner of (including, as appropriate, as commodity 
pool operator for) and holding and placing equity interests in, certain 
private investment funds which invest only in securities and other 
instruments that Applicants would be permitted to hold directly under 
the Bank Holding Company Act, previously found to be permissible by 
Board Order. See, Key Corp, 84 Fed. Res. Bull. 1075 (1998); providing 
administrative services to open-end and closed-end investment 
companies, previously found to be permissible by Board Order. See, Key 
Corp, 84 Fed. Res. Bull. 1075 (1998); providing certain Internet-
related services, previously found to be permissible by Board Order. 
See, Royal Bank of Canada, 84 Fed. Res. Bull. 855 (1998).

    Board of Governors of the Federal Reserve System, April 14, 
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-9799 Filed 4-19-99; 8:45 am]