[Federal Register Volume 65, Number 16 (Tuesday, January 25, 2000)]
[Notices]
[Page 3963]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-1696]


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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 February 7, 2000.
    A. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 
104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:
    1. Birthright, Incorporated, Montgomery, Alabama; to engage de novo 
through its subsidiary, Jackson, Shanklin, & Sonia Securities, LLC, New 
Orleans, Louisiana, in securities brokerage activities, pursuant to 
Sec. 225.28(b)(7)(i) of Regulation Y.
    B. Federal Reserve Bank of San Francisco (Maria Villanueva, 
Consumer Regulation Group) 101 Market Street, San Francisco, California 
94105-1579:
    1. Wells Fargo & Company, San Francisco, California; to acquire 
Ragen MacKenzie Group Incorporated, Seattle, Washington, and thereby 
engage in providing financial and investment advisory services, 
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) of Regulation Y; 
underwriting and dealing in government obligations and money market 
instruments in which state member banks may underwrite and deal under 
12 U.S.C. 335 and 24; and investing and trading activities other than 
in bank ineligible securities, pursuant to Sec. 225.28(b)(8) of 
Regulation Y; and in underwriting and dealing in all types of debt and 
equity securities, other than interests in open-end investment 
companies, see J.P. Morgan & Co., Inc., et al., 75 Fed. Res. Bull. 192 
(1989).

Board of Governors of the Federal Reserve System, January 19, 2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-1696 Filed 1-24-00; 8:45 am]
BILLING CODE 6210-01-P