[Federal Register Volume 65, Number 156 (Friday, August 11, 2000)]
[Notices]
[Page 49244]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-20348]


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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 August 25, 2000.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. The Bank of New York Company, Inc., New York, New York; The 
Chase Manhattan Corporation, New York, New York; Comerica Incorporated, 
Detroit, Michigan; First Union Corporation, Charlotte, North Carolina; 
FleetBoston Financial Corp., Boston, Massachusetts; HSBC Holdings plc, 
London, England; HSBC Holdings BV, Amsterdam, Netherlands; HSBC USA 
Inc., Buffalo, New York; The Royal Bank of Scotland Group, plc; The 
Royal Bank of Scotland plc; RBSG International Holdings Ltd., all of 
Edinburgh, United Kingdom; and Citizens Financial Group, Inc., 
Providence, Rhode Island; and Summit Bancorp, Princeton, New Jersey; to 
engage de novo through its subsidiary, NYCE Corporation, Woodcliff, New 
Jersey, and thereby acquire membership interests of the SafeCheck 
Company, L.L.C., a newly formed Delaware LLC, that will develop, 
implement and market the SafeCheck Prototype, in nonbanking activities 
using the SafeCheck Prototype, and thereby engage in (i) check 
verification, pursuant to Sec. 225.28(b)(14) of Regulation Y, and (ii) 
check debit, pursuant to Sec. 225.28(b)(2) of Regulation Y.

    Board of Governors of the Federal Reserve System, August 7, 
2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-20348 Filed 8-10-00; 8:45 am]
BILLING CODE 6210-01-P