[Federal Register Volume 65, Number 140 (Thursday, July 20, 2000)]
[Notices]
[Pages 45081-45082]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-18323]


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FEDERAL RESERVE SYSTEM

Formations of, Acquisitions by, and Mergers of Bank Holding 
Companies


The companies listed in this notice have applied to the Board for 
approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 
1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other 
applicable statutes and regulations to become a bank holding company 
and/or to acquire the assets or the ownership of, control of, or the 
power to vote shares of a bank or bank holding company and all of the 
banks and nonbanking companies owned by the bank holding company, 
including the companies listed below.

    The applications listed below, as well as other related filings 
required by the Board, are available for immediate inspection at the 
Federal Reserve Bank indicated. The application also will be available 
for inspection at the offices of the Board of Governors. Interested 
persons may express their views in writing on the standards enumerated 
in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the 
acquisition of a nonbanking company, the review also includes whether 
the acquisition of the nonbanking company complies with the standards 
in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, 
nonbanking activities will be conducted throughout the United States. 
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 each of these 
applications must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than August 3, 2000.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President), 33 Liberty Street, New York, New York 10045-0001:
    1. Caixa Geral De Depositos, S.A., Lisbon, Portugal; to retain 
approximately 8.8 percent of the outstanding voting shares of Banco 
Commercial Portugues, S.A., Oporto, Portugal and thereby indirectly 
acquire shares of BPABank, National Association, Newark, New Jersey.
    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 100 
percent of the voting shares of First Security Corporation, Salt Lake 
City, Utah, and thereby indirectly acquire voting shares of First 
Security Bank, N.A., Ogden, Utah; First Security Bank of New Mexico, 
N.A, Albuquerque, New Mexico; First Security Bank of Nevada, Las Vegas, 
Nevada; and First Security Bank of California, N.A., West Covina, 
California.
    In connection with this application, Wells Fargo proposes to 
acquire the nonbanking subsidiaries of First Security Corporation, 
including First Security Mortgage Company, Salt Lake City, Utah, and 
thereby engage in lending activities pursuant to Sec. 225.28(b)(1) of 
Regulation Y; First Security Leasing Company and Bankers Equipment 
Alliance, Inc., both of Salt Lake City, Utah, and thereby engage in 
leasing activities pursuant to Sec. 225.28(b)(3) of Regulation Y; First 
Security Investment Services, Inc., and First Security Investment 
Management Inc., both of Salt Lake City, Utah, and thereby engage in 
investment and financial advisory activities pursuant to 
Sec. 225.28(b)(6) of Regulation Y; First Security Specialized Services, 
Inc., Salt Lake City, Utah, and thereby engage in providing financial 
advisory and management consulting services pursuant to 
Secs. 225.28(b)(6) and (9) of Regulation Y; First Security Life 
Insurance Company of Arizona, Phoenix, Arizona, and thereby engage in 
reinsuring credit-related insurance pursuant to Sec. 225.28(b)(11)(i) 
of Regulation Y; and First Security Processing Services, Inc., Salt 
Lake City, Utah, and thereby engage in providing

[[Page 45082]]

bankcard and ATM transaction services for other financial institutions 
pursuant to Sec. 225.28(b)(14) of Regulation Y.

    Board of Governors of the Federal Reserve System, July 14, 2000.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 00-18323 Filed 7-19-00; 8:45 am]
BILLING CODE 6210-01-P