[Federal Register Volume 69, Number 119 (Tuesday, June 22, 2004)]
[Notices]
[Pages 34675-34676]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-14105]


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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 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 July 8, 2004.
    A. Federal Reserve Bank of New York (Jay Bernstein, Bank 
Supervision Officer) 33 Liberty Street, New York, New York 10045-0001:
    1. NRW.Bank and and WestLB AG, both of Duesseldorf, Germany; to 
engage in:
    Making, acquiring, brokering, or servicing loans or other 
extensions of credit for the bank holding company's own account or for 
the account of others in accordance with Section 225.28(b)(1);
    Engaging under contract with a third party in asset management, 
servicing and collection of assets of a type that an insured depository 
institution may originate and own in accordance with Section 
225.28(b)(2)(vi);
    Leasing personal property or acting as agent, broker, or adviser in 
leasing such property, subject to the restrictions set forth in Section 
225.28(b)(3)(i) and (ii) and the footnotes thereto;
    Furnishing general economic information and advice, general 
economic statistical forecasting services, and industry studies in 
accordance with Section 225.28(b)(6)(ii);

[[Page 34676]]

    Providing advice in connection with financing transactions and 
similar transactions and conducting financial feasibility studies in 
accordance with Section 225.28(b)(6)(iii);
    Providing securities brokerage services in accordance with Section 
225.28(b)(7)(i);
    Acting as riskless principal in securities transactions in 
accordance with Section 225.28(b)(7)(ii);
    Acting as agent in the provision of private placement services in 
accordance with Section 225.28(b)(7)(iii); and
    Providing to customers as agent transactional services with respect 
to swaps and similar transactions in accordance with Section 
225.28(b)(7)(v).

    Board of Governors of the Federal Reserve System, June 17, 2004.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc.04-14105 Filed 6-21-04; 8:45 am]
BILLING CODE 6210-01-S