[Federal Register Volume 69, Number 15 (Friday, January 23, 2004)]
[Notices]
[Pages 3361-3362]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-1390]


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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

[[Page 3362]]

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 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 February 6, 2004.
    A. Federal Reserve Bank of Minneapolis (Jacqueline G. Nicholas, 
Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. South Dakota Bancshares, Inc., Pierre, South Dakota; to engage 
de novo through its subsidiary, SDBS Reinsurance Limited, Grand Turks & 
Caicos Islands, in the underwriting of credit life, credit accident and 
health insurance reinsurance, pursuant to section 225.28(b)(11)(i) of 
Regulation Y.

    Board of Governors of the Federal Reserve System, January 16, 
2004.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 04-1390 Filed 1-22-04; 8:45 am]
BILLING CODE 6210-01-S