[Federal Register Volume 65, Number 99 (Monday, May 22, 2000)]
[Notices]
[Pages 32099-32100]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-12708]


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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. Additional information on all 
bank holding companies may be obtained from the National Information 
Center website at www.ffiec.gov/nic/.
    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 June 5, 2000.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. National Bank of Greece, S.A., Athens, Greece; to acquire NBG 
Asset Management Inc. and NBG Securities Inc., both of New York, New 
York, and thereby indirectly acquire through NBG International Limited, 
London, England, indirect control of Newbrook Group LLC, New Brook 
Capital Management, Inc., Newbrook Capital Management LLC, and Newbrook 
Securities LLC, and thereby engage in investment advisory activities, 
pursuant to Sec. 225.28(b)(6) of Regulation Y; brokerage, riskless 
principal, and private placement activities, pursuant to 
Secs. 225.28(b)(7)(i), (ii) and (iii) of Regulation Y, respectively; 
and private investment fund activities, including acting as a commodity 
pool operator for and controlling private investment funds that invest 
solely in assets that a bank holding company is permitted to hold

[[Page 32100]]

directly, see Travelers Group, Inc., and Citicorp, 84 Fed. Res. Bull. 
985 (1998).

    Board of Governors of the Federal Reserve System, May 16, 2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-12708 Filed 5-19-00; 8:45 am]
BILLING CODE 6210-01-P