[Federal Register Volume 83, Number 194 (Friday, October 5, 2018)]
[Notices]
[Pages 50371-50372]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-21658]


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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies 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

[[Page 50372]]

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.
    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 October 29, 2018.
    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. HSBC Holdings plc, London, England; HSBC Overseas Holdings (UK) 
Limited, London, England; HSBC North America Holdings Inc., New York, 
New York; and HSBC USA, Inc., New York, New York; to engage de novo 
through a newly formed entity, The Consortium, LLC, in data processing 
activities, pursuant to section 225.28(b)(14) of Regulation Y.

    Board of Governors of the Federal Reserve System, October 1, 
2018.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2018-21658 Filed 10-4-18; 8:45 am]
 BILLING CODE P