[Federal Register Volume 65, Number 223 (Friday, November 17, 2000)]
[Notices]
[Pages 69537-69538]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-29527]


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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 nova, or to acquire or 
control voting securities or assets of a company, including the 
companies listed below, that engages directly or through a subsidiary 
or other company, in a nonbanking activity that is listed in 
Sec. 225.28 of Regulation Y (12 CFR 225.27) 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 December 4, 2000.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Mizuho Holdings, Inc., Tokyo, Japan, and Dai-Ichi Kangyo Bank, 
Limited, The, Tokyo Japan; to engage de nova through its subsidiary, 
Dealerconx, Inc., Livingston, New Jersey, in providing loan and lease 
agency and brokerage services, data processing services and loan/lease 
servicing through an internet-based data processing application 
available to retail automotive dealers that seek loan and lease 
financing and related financial services for customers' retail 
automobile purchases, pursuant to Sec. 225.28(b)(1), (2), (3), and (14) 
of Regulation Y.

[[Page 69538]]

    2. Svenska Handelsbanken, Stockholm, Sweden; to engage de novo, 
through its subsidiary, Oktogon Advisers, LLC, New York, New York, in 
providing portfolio investment advice on a discretionary and directed 
basis (including advice on derivative transactions and structured 
assets) to U.S. and non-U.S. clients, including corporations and 
institutional investors (such as pension funds and insurance 
companies), charitable foundations, religious and university endowment 
funds, private investment companies, and hedge funds (both off-shore 
and on-shore) and mutual funds, pursuant to Sec. 225.28(b)(6) of 
Regulation Y.
    3. Westdeutsche Landesbank Girozentrale, Dusseldorf, Germany; to 
acquire Gulfstream Global Investors, Ltd., Addison, Texas, and thereby 
engage in investment advisory activities, pursuant to Sec. 225.28(b)(6) 
of Regulation Y.

    Board of Governors of the Federal Reserve System, November 14, 
2000.
Robert deV. Frierson,
Associate Secretary of the Baord.
[FR Doc. 00-29527 Filed 11-16-00; 8:45 am]
BILLING CODE 6210-01-P