[Federal Register Volume 66, Number 39 (Tuesday, February 27, 2001)]
[Notices]
[Pages 12511-12512]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-4714]


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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

[[Page 12512]]

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 March 13, 2001.
    A. Federal Reserve Bank of Chicago (Phillip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Bank One Corporation, Chicago, Illinois; to engage de novo in 
expanding its community development activities and to expand to not 
more than 9.9 percent of its total consolidated capital stock and 
surplus, its investments in previously approved permissible nonbanking 
activities of its subsidiaries, which consist of promoting community 
welfare by i) arranging, investing in and making loans to entities for 
the financing of low-income housing eligible for Federal income tax 
credits under Section 42 of the Internal Revenue Code (Section 42 
Housing Projects) and providing advice to customers in connection with 
the arranging and financing of entities engaged in Section 42 Housing 
Projects; ii) advising, arranging, investing in and making loans to 
community development corporations or directly to others to finance 
projects that promote community welfare or development; and iii) 
providing financial and technical advice and training to customers 
developing, owning, or managing Section 42 Housing Projects or other 
projects that promote community welfare or development and thereby 
engage in the nonbanking activity of community development activities, 
pursuant to Secs.  225.28(b)(12)(i) and (ii) of Regulation Y.

    Board of Governors of the Federal Reserve System, February 21, 
2001.
Robert deV. Frierson
Associate Secretary of the Board.
[FR Doc. 01-4714 Filed 2-26-01; 8:45 am]
BILLING CODE 6210-01-S