[Federal Register Volume 70, Number 227 (Monday, November 28, 2005)]
[Notices]
[Pages 71304-71305]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-6524]


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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 http://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 December 12, 2005.
    A. Federal Reserve Bank of New York (Jay Bernstein, Bank 
Supervision Officer) 33 Liberty Street, New York, New York 10045-0001:
    1. Bank Hapoalim B.M., Tel Aviv, Israel; Arison Holdings (1998) 
Ltd., Tel Aviv, Israel; and Israel Salt Industries Ltd., Atlit, Israel; 
to acquire Investec USA, New York, New York, and thereby engage in 
financial and investment advisory activities, pursuant to section 
225.28(b)(6); agency transactional services for customer investments, 
pursuant to section 225.28(b)(7); and investment transactions as 
principal, pursuant to section 225.28(b)(8) of Regulation Y.


[[Page 71305]]


    Board of Governors of the Federal Reserve System, November 21, 
2005.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E5-6524 Filed 11-25-05; 8:45 am]
BILLING CODE 6210-01-S