[Federal Register Volume 71, Number 114 (Wednesday, June 14, 2006)]
[Notices]
[Pages 34355-34356]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-9284]


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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. [thinsp]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

[[Page 34356]]

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 June 29, 2006.
    A. Federal Reserve Bank of New York (Anne McEwen, Financial 
Specialist) 33 Liberty Street, New York, New York 10045-0001:
    1. Westfalisch-Lippischer Sparkassen-und Giroverband, Munster, 
Germany and Rheinischer Sparkassen-und Giroverband, Dusseldorf, 
Germany; to retain voting shares of WestLB Securities Inc., New York, 
New York; WestLB Mellon Asset Management (USA), LLC, Chicago, Illinois; 
S.A.L.E. (USA) Corporation, Reno, Nevada; NY Credit Real Estate GP LLC, 
New York, New York; New York Credit Real Estate Fund, L.P., New York, 
New York; New York Credit Advisors LLC, New York, New York; BOA Lending 
L.L.P., Las Vegas, Nevada; HSH N Financial Securities LLC, New York, 
New York; and WestAM Asset Management (US) LLC, Houston, Texas, and 
thereby engage in extending credit and servicing loans, pursuant to 
section 225.28(b)(1); asset-management, servicing and collection 
activities, pursuant to section 225.28(b)(2)(vi); leasing personal or 
real property, pursuant to section 225.28(b)(3); investment advisory 
services, pursuant to section 225.28(b)(6)(i); financial and investment 
advisory activities, pursuant to section 225.28(b)(6)(iii); securities 
brokerage services, pursuant to section 225.28(b)(7)(i); riskless 
principal transactions, pursuant to section 22.28(b)(7)(ii); private 
placement services, pursuant to section 225.28(b)(7)(iii); and other 
transactional services, pursuant to section 225.28(b)(7)(v), all of 
Regulation Y.

    Board of Governors of the Federal Reserve System, June 9, 2006.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E6-9284 Filed 6-13-06; 8:45 am]
BILLING CODE 6210-01-S