[Federal Register Volume 64, Number 95 (Tuesday, May 18, 1999)]
[Notices]
[Pages 26966-26967]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-12407]


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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 June 1, 1999.
    A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Community Financial Group, Inc., Nashville, Tennessee; through 
its subsidiary bank, The Bank of Nashville, Nashville, Tennessee, to 
acquire an 80 percent joint venture interest in

[[Page 26967]]

Machinery Leasing Company of North America, Inc., Nashville, Tennessee, 
and thereby engage in leasing activities, pursuant to Sec. 225.28(b)(3) 
of Regulation Y. The co-venturer is Sky Masters, LLC, Nashville, 
Tennessee.
    B. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager 
of Analytical Support, Consumer Regulation Group) 101 Market Street, 
San Francisco, California 94105-1579:
    1. Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan; to acquire Newcourt 
Credit Group, Inc., Toronto, Canada, and thereby engage in extending 
credit and servicing loans, pursuant to Sec. 225.28(b)(1) of Regulation 
Y; engaging in activities related to the extension of credit, pursuant 
to Sec. 225.28(b)(2) of Regulation Y; leasing personal or real property 
or acting as agent, broker, or adviser in leasing such property, 
pursuant to Sec. 225.28(b)(3) of Regulation Y; financial and investment 
advisory activities, pursuant to Sec. 225.28(b)(6) of Regulation Y; and 
providing agency transactional services for customer investments, 
pursuant to Sec. 225.28(b)(7) of Regulation Y.

    Board of Governors of the Federal Reserve System, May 12, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-12407 Filed 5-17-99; 8:45 am]
BILLING CODE 6210-01-F