[Federal Register Volume 64, Number 149 (Wednesday, August 4, 1999)]
[Notices]
[Pages 42379-42380]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-19948]


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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

[[Page 42380]]

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 18, 1999.
    A. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Eagle Bancshares, Inc., and Fairfield Holdings, Inc., both of 
Fairfield, Texas; to engage de novo through their subsidiary, Texas 
Bank, S.S.B., Buffalo, Texas (in formation), in operating a savings 
association, pursuant to Sec.  225.28(b)(4)(ii) of Regulation Y. 
Comments regarding this application must be received not later than 
August 27, 1999.
    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. Umpqua Holdings Corporation, Roseburg, Oregon; to acquire 
Strand, Atkinson, Williams and York, Inc., Portland, Oregon, and 
thereby engage, to a limited extent, in underwriting and dealing in 
commercial paper, municipal revenue bonds, mortgage-related securities, 
and consumer-receivable related securities, see Citicorp, 73 Fed. Res. 
Bull. 473 (1987); acting as investment or financial advisor, pursuant 
to Sec.  225.28(b)(6) of Regulation Y; providing securities brokerage, 
``riskless principal,'' private placement, and other agency 
transactional services, pursuant to Sec.  225.28(b)(7)(i)-(iii), (v); 
and underwriting and dealing in obligations of the United States, 
general obligations of states and their political subdivisions, and 
other obligations that state member banks of the Federal Reserve System 
may underwrite and deal in under 12 U.S.C. 24 and 335, pursuant to 
Sec.  225.28(b)(8)(i) of Regulation Y.

    Board of Governors of the Federal Reserve System, July 29, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-19948 Filed 8-3-99; 8:45 am]
BILLING CODE 6210-01-F