[Federal Register Volume 64, Number 89 (Monday, May 10, 1999)]
[Notices]
[Page 25042]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-11730]


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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 May 25, 1999.
    A. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Stichting Prioriteit ABN AMRO Holding, Stichting 
Administratiekantoor ABN AMRO Holding, ABN AMRO Holding N.V., and ABN 
AMRO Bank N.V., all in Amsterdam, The Netherlands; to acquire a 50 
percent equity interest in ABN AMRO Rothschild LLC, New York, New York 
(Company), and thereby engage in providing financial and investment 
advisory services and agency transactional services, pursuant to Secs.  
225.28(b)(6) and (7) of Regulation Y, and underwriting equity 
securities (see Citicorp, 73 Fed. Res. Bull. 473 (1987), as modified; 
J.P. Morgan & Co., 75 Fed. Res. Bull. 192 (1989), as modified).
    Company proposes to provide advisory services with respect to 
registered public offerings, private placements, and secondary block 
trades of equity securities. Company also proposes to engage in the 
syndication of equity underwriting commitments, supervision of the 
execution of equity underwriting commitments, coordination of 
distribution activities for equity offerings, and coordination of 
after-market trading in connection with distributions of equity 
securities. These activities will be conducted in North and South 
America.

    Board of Governors of the Federal Reserve System, May 5, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-11730 Filed 5-7-99; 8:45 am]
BILLING CODE 6210-01-F