[Federal Register Volume 64, Number 200 (Monday, October 18, 1999)]
[Notices]
[Page 56210]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-27116]



[[Page 56210]]

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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 November 2, 1999.
    A. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. Patriot Bank Corp., Inc., Pottstown, Pennsylvania; to acquire 
ZipFinancial.com, Inc., and thereby engage de novo in providing data 
processing and data transmission services via the Internet, pursuant to 
Sec.  225.28(b)(14) of Regulation Y.
    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. The Dai-Ichi Kangyo Bank, Limited, Tokyo, Japan; to acquire 
through its subsidiary, The CIT Group, Inc., New York, New York, 
certain factoring and commercial finance assets of Heller Financial 
Inc., Chicago, Illinois, and thereby engage in extending credit and 
servicing loans, pursuant to Sec.  225.28(b)(1) of Regulation Y; and in 
engaging in activities related to the extension of credit, pursuant to 
Sec.  225.28(b)(2) of Regulation Y.

    Board of Governors of the Federal Reserve System, October 13, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-27116 Filed 10-15-99; 8:45 am]
BILLING CODE 6210-01-F