[Federal Register Volume 68, Number 126 (Tuesday, July 1, 2003)]
[Notices]
[Pages 39091-39092]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-16525]


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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

[[Page 39092]]

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 than July 15, 2003.
    A. Federal Reserve Bank of Cleveland (Stephen J. Ong, Vice 
President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. KeyCorp, Cleveland, Ohio; to expand to not more than 15 percent 
of its total consolidated capital stock and surplus its investments in 
community development activities, pursuant to section 225.28(b)(12)(i) 
of Regulation Y.
    B. Federal Reserve Bank of San Francisco (Maria Villanueva, 
Consumer Regulation Group) 101 Market Street, San Francisco, California 
94105-1579:
    1. The Mitsubishi Trust and Banking Corporation, Tokyo, Japan, and 
Mitsubishi Tokyo Financial Group, Inc., Tokyo, Japan; to acquire 
Spectrum Capital Ltd., Greenwich, Connecticut, and thereby engage in 
making, acquiring, and servicing loans, leasing of personal property, 
or acting as agent, broker or advisor in the leasing of such property, 
pursuant to sections 225.28(b)(1) and (b)(5) of Regulation Y.

    Board of Governors of the Federal Reserve System, June 25, 2003.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc.03-16525 Filed 6-30-03; 8:45 am]
BILLING CODE 6210-01-S