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[Federal Register: May 4, 2001 (Volume 66, Number 87)]
[Notices]               
[Page 22560]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04my01-88]                         

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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 website at <A HREF="http://frwebgate.access.gpo.gov/cgi-bin/leaving.cgi?from=leavingFR.html&log=linklog&to=http://www.ffiec.gov/nic/">www.ffiec.gov/nic/</A>.
    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 May 18, 2001.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Banco Espirito Santo, S.A.; Espirito Santo Financial (Portugal) 
Sociedade Gestora de Participacoes Sociais, S.A.; Bespar Sociedade 
Gestora de Participacoes Sociais, S.A.; all of Lisbon, Portugal; and 
E.S. Control Holding S.A.; Espirito Santo Financial Group S.A.; E.S. 
International Holding S.A.; all of Luxembourg-Kirchberg, Luxembourg; to 
retain an existing investment in and acquire additional shares of 
Clarity Incentive Systems, New York, New York, and thereby continue 
engaging in data processing and management consulting activities 
pursuant to Secs.  225.28(b)(9) and (b)(14) of Regulation Y.
    2. Banco Espirito Santo, S.A.; Espirito Santo Financial (Portugal) 
Sociedade Gestora de Participacoes Sociais, S.A.; Bespar Sociedade 
Gestora de Participacoes Sociais, S.A.; all of Lisbon, Portugal; and 
E.S. Control Holding S.A.; Espirito Santo Financial Group S.A.; E.S. 
International Holding S.A.; all of Luxembourg-Kirchberg, Luxembourg; to 
retain shares of FiNet.com, Inc., San Ramon, California, and thereby 
continue engaging in extending credit and activities related to 
extending credit pursuant to Secs.  225.28(b)(1) and (b)(2) of 
Regulation Y.

    Board of Governors of the Federal Reserve System, April 30, 
2001.
Robert deV. Frierson
Associate Secretary of the Board.
[FR Doc. 01-11165 Filed 5-3-01; 8:45 am]
BILLING CODE 6210-01-S

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