[Federal Register Volume 64, Number 207 (Wednesday, October 27, 1999)]
[Notices]
[Page 57887]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-27982]


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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 10, 1999.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. State Street Corporation, Boston, Massachusetts; to engage de 
novo through its subsidiary, WFBN.com, LLC, Chicago, Illinois, in a 
joint venture and thereby engage in furnishing general economic 
information and advice and providing data processing and data 
transmission services, pursuant to Secs.  225.28(b)(6) and (14) of 
Regulation Y.
    B. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. The Fuji Bank, Limited, Tokyo, Japan; to establish through 
Heller Financial, Inc., Chicago, Illinois, a joint venture between 
Heller's indirect, wholly owned subsidiary, Heller Financial Leasing, 
Inc., Troy, Michigan, and SFS Holding Corporation, Park Ridge, New 
Jersey, an indirect, wholly owned subsidiary of Sony Corporation, 
Tokyo, Japan, and thereby engage de novo through Sony Financial 
Services LLC in extending credit and servicing loans, pursuant to Sec.  
225.28(b)(1) of Regulation Y; and in 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.

    Board of Governors of the Federal Reserve System, October 21, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-27982 Filed 10-26-99; 8:45 am]
BILLING CODE 6210-01-F