[Federal Register Volume 73, Number 206 (Thursday, October 23, 2008)]
[Notices]
[Pages 63149-63150]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-25296]


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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.

[[Page 63150]]

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 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 November 17, 2008.
    A. Federal Reserve Bank of New York (Ivan Hurwitz, Bank 
Applications Officer) 33 Liberty Street, New York, New York 10045-0001:
    1. Banco Santander S.A., Boadilla, Spain, to acquire 75.1 percent 
of the voting shares of Sovereign Bancorp, Inc., Philadelphia, 
Pennsylvania, and thereby indirectly acquire Sovereign Bank, 
Wyomissing, Pennsylvania, and thereby engage in operating a savings and 
loan associationm pursuant to section 225.28(b)(4)(ii) of Regulation Y.

    Board of Governors of the Federal Reserve System, October 20, 
2008.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. E8-25296 Filed 10-22-08; 8:45 am]
BILLING CODE 6210-01-S