[Federal Register Volume 68, Number 8 (Monday, January 13, 2003)]
[Notices]
[Pages 1615-1616]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-567]


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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 February 6, 2003.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Mizuho Financial Group, Tokyo, Japan; become a bank holding 
company by acquiring Mizuho Holdings, Inc., Tokyo, Japan, and thereby 
indirectly acquire ownership in Mizuho Corporate Bank of California, 
Los Angeles, California; Mizuho Corporate Bank (USA), New York, New 
York, and Mizuho Trust & Banking Co. (USA), New York, New York.
    In connection with this application, Mizuho Asset Trust & Banking 
Co., Ltd., Tokyo, Japan; has applied to acquire 100 percent of the 
voting shares of Mizuho Trust & Banking Co., Ltd. (USA), New York, New 
York, and Mizuho Trust & Banking Co., Ltd., Tokyo, Japan.
    In connection with these applications, Applicant also has applied 
to acquire the nonbanking companies to Mizuho Holdings, Inc., including 
Mizuho Capital Markets Corporation, New York, New York; Mizuho 
Securities USA Inc., Hoboken, New Jersey; The Bridgeford Group (NY), 
Inc., New York, New York; DLIBJ Asset Management U.S.A., Inc., New 
York, New York, and Shinko Securities (USA), Inc., New York, New York, 
and thereby engage in extending credit and servicing loans, pursuant to 
section 225.28(b)(1) of Regulation Y; activities related to extending 
credit, pursuant to section 225.28(b)(2) of Regulation Y; providing 
leasing services, pursuant to section 225.28(b)(3) of Regulation Y; 
owning, controlling, or operating an industrial bank, pursuant to 
section 225.28(b)(4) of Regulation Y; performing trust company 
functions, pursuant to section 225.28(b)(5) of Regulation Y; providing 
investment and financial advisory services, pursuant to section 
225.28(b)(6) of Regulation Y; providing securities brokerage, riskless 
principal, private placement, futures commission merchant, and other 
agency transactions services, pursuant to section 225.28(b)(7)(i)(v) of 
Regulation Y; underwriting and dealing in government obligations and 
money market instruments in which state member banks may underwrite and 
deal under 12 U.S.C. sections 335 and 24(7), and investing and trading 
activities, pursuant to section 225.28(b)(8)(i) and (ii) of Regulation 
Y; providing management consulting services, pursuant to section 
225.28(b)(9) of Regulation Y; engaging in specific insurance agency 
activities through a subsidiary that engaged in such activities on May 
1, 1982, pursuant to section 225.28(b)(11)(v) of Regulation Y; 
community development activities, pursuant to section 225.28(b)(12) of 
Regulation Y; and in data processing and transmission activities, 
pursuant to section 225.28(b)(14) of Regulation Y.
    2. First Bancorp, San Juan, Puerto Rico; to acquire up to 9.9 
percent of the common stock of PanAmerican Bancorp, Hollywood, Florida, 
and thereby indirectly acquire voting shares of PanAmerican Bank, 
Hollywood, Florida.
    B. Federal Reserve Bank of Chicago (Phillip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Amtrust, Inc., Dubuque, Iowa; to acquire 9.9 percent of the 
voting shares of United American Bank, San Mateo, California, a de novo 
bank in organization.

[[Page 1616]]

    C. Federal Reserve Bank of St. Louis (Randall C. Sumner, Vice 
President) 411 Locust Street, St. Louis, Missouri 63166-2034:
    1. Bank of Mulberry Employee Stock Ownership Trust, Mulberry, 
Arkansas, and its subsidiary, ACME Holding Company, Inc., Mulberry, 
Arkansas, to acquire 81.65 percent of the voting shares of Madison 
Corporation, Little Rock, Arkansas, and thereby indirectly acquire 
voting shares of Madison Bank & Trust Company, Kingston, Arkansas.
    E. Federal Reserve Bank of Minneapolis (Richard M. Todd, Vice 
President and Community Affairs Officer) 90 Hennepin Avenue, 
Minneapolis, Minnesota 55480-0291:
    1. Finlayson Bancshares, Inc., Finlayson, Minnesota; to acquire 100 
percent of the voting shares of Floodwood Agency, Inc., Duluth, 
Minnesota, and thereby indirectly acquire voting shares of First State 
Bank of Floodwood, Floodwood, Minnesota.

    Board of Governors of the Federal Reserve System, January 7, 
2003.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 03-567 Filed 1-10-03; 8:45 am]
BILLING CODE 6210-01-S