[Federal Register Volume 65, Number 168 (Tuesday, August 29, 2000)]
[Notices]
[Pages 52429-52430]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-21957]


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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 September 22, 2000.
    A. Federal Reserve Bank of San Francisco (Maria Villanueva, 
Consumer Regulation Group) 101 Market Street, San Francisco, California 
94105-1579:
    1. The Sumitomo Bank, Limited, Osaka, Japan; to become a bank 
holding company by acquiring 100 percent of the voting shares of The 
Sakura Bank, Limited, Tokyo, Japan, and thereby indirectly acquire 
voting shares of Manufacturers Bank, Los Angeles, California.
    In connection with this application, Applicant also has applied to 
acquire Sakura Business Finance, Inc., New York, New York; Sakura 
Global Capital, Inc., New York, New York, and Sakura Information 
Systems (USA), Inc., New York, New York, and thereby engage in leasing 
personal and real property, pursuant to Sec. 225.28(b)(3) of Regulation 
Y; acting as advisor, broker and dealer in or with respect to swaps and 
other derivatives, pursuant to Secs. 225.28(b)(6), (7)(v) and (8)(ii) 
of Regulation Y; servicing activities, pursuant to 
Sec. 225.28(b)(2)(iii) of Regulation Y; and data processing and 
transmission activities, pursuant to Sec. 225.28(b)(14) of Regulation 
Y.


[[Page 52430]]


    Board of Governors of the Federal Reserve System, August 23, 
2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-21957 Filed 8-28-00; 8:45 am]
BILLING CODE 6210-01-P