[Federal Register Volume 70, Number 9 (Thursday, January 13, 2005)]
[Notices]
[Pages 2406-2407]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-677]


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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

[[Page 2407]]

(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 7, 2005.
    A. Federal Reserve Bank of New York (Jay Bernstein, Bank 
Supervision Officer) 33 Liberty Street, New York, New York 10045-0001:
    1. First BanCorp, San Juan, Puerto Rico; to acquire 100 percent of 
the voting shares of Ponce General Corporation, San Juan, Puerto Rico, 
and thereby indirectly acquire UniBank, Miami, Florida, and thereby 
engage in operating a savings association pursuant to section 
225.28(b)(4) of Regulation Y.

    Board of Governors of the Federal Reserve System, January 7, 
2005.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 05-677 Filed 1-12-05; 8:45 am]
BILLING CODE 6210-01-S