[Federal Register Volume 85, Number 62 (Tuesday, March 31, 2020)]
[Notices]
[Page 17890]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-06681]


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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 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 application is available for inspection at the Federal Reserve 
Bank indicated. The application 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, Ann E. Misback, Secretary of the Board, 20th Street and 
Constitution Avenue NW, Washington DC 20551-0001, not later than April 
30, 2020.
    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Ally Financial Inc. and IB Finance Holding Company, LLC, both of 
Detroit, Michigan; to acquire Cardholder Management Services, Inc., 
Woodbury, New York, and indirectly acquire Merrick Bank Corporation, 
South Jordan, Utah, and thereby engage in operating an industrial bank, 
pursuant to section 225.28(b)(4)(i) of Regulation Y.

    Board of Governors of the Federal Reserve System, March 26, 
2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-06681 Filed 3-30-20; 8:45 am]
BILLING CODE P