[Federal Register Volume 68, Number 68 (Wednesday, April 9, 2003)]
[Notices]
[Page 17399]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-8613]



[[Page 17399]]

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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 Web site 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 thanof Governors not later than April 23, 2003.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Commerzbank Aktiengesellschaft, Frankfurt, Germany; through its 
subsidiary, Commerzbank Capital Markets Corporation, New York, New 
York, to engage in extending credit and servicing loans, pursuant to 
section 225.28(b)(1) of Regulation Y; acting as investment or financial 
advisor, pursuant to section 225.28(b)(6) of Regulation Y; providing 
securities brokerage services, pursuant to section 225.28(b)(7)(i) of 
Regulation Y; engaging in riskless principal transactions, pursuant to 
section 225.28(b)(7)(ii) of Regulation Y; providing private placement 
services, pursuant to section 225.28(b)(7)(iii) of Regulation Y; 
engaging in other transactional services, pursuant to section 
225.28(b)(7)(v) of Regulation Y; underwriting and dealing in government 
obligations and money market instruments, pursuant to section 
225.28(b)(8)(i) of Regulation Y; and in permissible investing and 
trading activities, pursuant to section 225.28(b)(8)(ii)(a) of 
Regulation Y.

    Board of Governors of the Federal Reserve System, April 3, 2003.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc.03-8613 Filed 4-8-03; 8:45 am]
BILLING CODE 6210-01-S