[Federal Register Volume 64, Number 138 (Tuesday, July 20, 1999)]
[Notices]
[Page 38909]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-18399]


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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 3, 1999.
    A. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Firstar Corporation, Milwaukee, Wisconsin (Firstar); to acquire 
all the nonbank subsidiaries of Mercantile Bancorporation, Inc., St. 
Louis, Missouri (Mercantile), and to engage, directly or indirectly 
through such nonbank subsidiaries, in a variety of nonbanking 
activities that have previously been determined to be permissible for 
bank holding companies. The nonbanking companies that Firstar proposes 
to acquire are listed in the notice filed with the Board, and include 
FFG Trust, Inc., Springfield, Illinois, Mercantile Trust Company 
National Association, St. Louis, Missouri, D.D. Development of 
Sterling, Sterling, Illinois, Mercantile Consumer Loan Company, Rock 
Island, Illinois, and Mississippi Valley Life Insurance Company, St. 
Louis, Missouri. The nonbanking activities of the companies to be 
acquired also are listed in the notice and include engaging in trust 
company functions, pursuant to Sec.  225.28(b)(5) of Regulation Y; 
community development financing and investment activities, pursuant to 
Sec.  225.28(b)(12)(i) of Regulation Y; making and servicing loans, 
pursuant to Sec.  225.28(b)(1) of Regulation Y; and credit insurance 
activities, pursuant to Sec.  225.28(b)(11)(i) of Regulation Y; and in 
engaging all activities that Mercantile currently is authorized to 
conduct.

    Board of Governors of the Federal Reserve System, July 14, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-18399 Filed 7-19-99; 8:45 am]
BILLING CODE 6210-01-F