[Federal Register Volume 71, Number 152 (Tuesday, August 8, 2006)]
[Notices]
[Pages 45049-45050]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-12876]


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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 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 August 23, 2006.
    A. Federal Reserve Bank of New York (Anne McEwen, Financial 
Specialist) 33 Liberty Street, New York, New York 10045-0001:
    1. Westpac Banking Corporation, Sydney, Australia; to engage de 
novo through its subsidiary, Hastings Funds Management (US), Inc., New 
York, New York, in providing investment and financial advice, pursuant 
to section 225.28(b)(6) of Regulation Y.
    B. Federal Reserve Bank of San Francisco (Tracy Basinger, Director, 
Regional and Community Bank Group) 101 Market Street, San Francisco, 
California 94105-1579:
    1. Belvedere Capital Fund II L.P. and Belvedere Capital Partners II 
LLC, both of San Francisco, California; to acquire

[[Page 45050]]

Hometown Commercial Capital, LLC, Burlingame, California, and thereby 
engage in funding commercial real estate loans through established 
warehouse lines and subsequently securitizing pools through major Wall 
Street firms, pursuant to sections 225.28(b)(1) and (b)(2)(ii) of 
Regulation Y.

    Board of Governors of the Federal Reserve System, August 3, 
2006.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E6-12876 Filed 8-7-06; 8:45 am]
BILLING CODE 6210-01-S