[Federal Register Volume 64, Number 223 (Friday, November 19, 1999)]
[Notices]
[Page 63321]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-30184]


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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; Correction

    This notice corrects a notice (FR Doc. 99-29540) published on page 
61645 of the issue for Friday, November 12, 1999.
    Under the Federal Reserve Bank of New York heading, the entry for 
Deutsche Bank AG, Frankfurt (Main) Federal Republic of Germany, is 
revised to read as follows:
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Deutsche Bank AG, Frankfurt (Main) Federal Republic of Germany; 
to engage de novo through DB Advisors L.L.C. (DB Advisors), New York, 
New York, in acting as a commodity pool operator for private limited 
partnerships and/or trusts (Investment Vehicles) organized as commodity 
pools which invest only in assets in which a bank holding company is 
permitted to invest, See Dresdner Bank AG, 84 Fed. Res. Bull. 361 
(1998), and UBS AG, Letter, dated April 19, 1999, from the Federal 
Reserve Bank of New York; and to act as investment advisor to the 
Investment Vehicles, pursuant to Sec.  225.28(b)(6) of Regulation Y; 
and to privately place equity interests in the Investment Vehicles with 
``accredited investors'', pursuant to Sec.  225.28(b)(7) of Regulation 
Y, See Letter, dated February 13, 1998, to Troland S. Link, Esq., from 
Jay B. Bernstein, Federal Reserve Bank of New York; and in providing 
administrative services to closed-end investment companies, See 
Deutsche Bank AG, 85 Fed. Res. Bull. 509 (1999). These activities will 
be conducted worldwide.
    Comments on this application must be received by November 26, 1999.

    Board of Governors of the Federal Reserve System, November 15, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-30184 Filed 11-18-99; 8:45 am]
BILLING CODE 6210-01-F