[Federal Register: November 3, 1998 (Volume 63, Number 212)]
[Notices]               
[Page 59313]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr03no98-84]

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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.
    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, 1998.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. HSBC Holdings PLC, London, England; HSBC Finance (Netherlands) 
Limited, London, England; HSBC Holdings BV, Amsterdam, The Netherlands, 
and Hongkong Bank of Canada, Vancouver, British Columbia, Canada; to 
acquire Gordon Capital Corporation, Toronto, Ontario, Canada, Gordon 
Capital Holdings Inc., and Gordon Capital, Inc., both of New York, New 
York, and thereby engage in agency brokerage and private placement 
activities, pursuant to Sec.  225.28(b)(7) of Regulation Y. These 
activities will be conducted worldwide.
    B. Federal Reserve Bank of Dallas (W. Arthur Tribble, Vice 
President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Central Louisiana Capital Corporation, Vidalia, Louisiana; to 
acquire Community Credit Centers, Inc., Natchez, Mississippi and 
Monroe, Louisiana, and thereby engage in consumer finance, pursuant to 
Sec.  225.28(b)(1) of Regulation Y.

    Board of Governors of the Federal Reserve System, October 28, 
1998.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 98-29325 Filed 11-2-98; 8:45 am]
BILLING CODE 6210-01-F