[Federal Register: December 9, 1999 (Volume 64, Number 236)]
[Notices]               
[Page 69021]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09de99-77]                         

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FEDERAL RESERVE SYSTEM

 
Formations of, Acquisitions by, and Mergers of Bank Holding 
Companies

    The companies listed in this notice have applied to the Board for 
approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 
1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other 
applicable statutes and regulations to become a bank holding company 
and/or to acquire the assets or the ownership of, control of, or the 
power to vote shares of a bank or bank holding company and all of the 
banks and nonbanking companies owned by the bank holding company, 
including the companies listed below.
    The applications listed below, as well as other related filings 
required by the Board, are available for immediate 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 standards enumerated 
in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the 
acquisition of a nonbanking company, the review also includes whether 
the acquisition of the nonbanking company complies with the standards 
in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, 
nonbanking activities will be conducted throughout the United States.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than January 3, 2000.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Banco Santander Central Hispano S.A., Madrid, Spain; to acquire 
shares and to control more than 5 percent but less than 10 percent of 
The Royal Bank of Scotland Group plc, Edinburgh, Scotland, and Citizens 
Financial Group, Providence, Rhode Island, and their banking and 
nonbanking subsidiaries including Citizens Bank of Connecticut, New 
London, Connecticut; Citizens Bank of Massachusetts, Boston, 
Massachusetts; Citizens Bank of New Hampshire, Manchester, New 
Hampshire; and Citizens Bank of Rhode Island, Providence, Rhode Island. 
Citizens Financial Group also has received approval to acquire US 
Trust, Boston, Massachusetts, and its banking and nonbanking 
subsidiaries, including United States Trust Company, Boston, 
Massachusetts.
    B. Federal Reserve Bank of Philadelphia (Michael E. Collins, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521:
    1. Harleysville Savings Financial Corporation, Harleysville, 
Pennsylvania; to become a bank holding company by acquiring 100 percent 
of the voting shares of Harleysville Savings Bank, Harleysville, 
Pennsylvania.

    Board of Governors of the Federal Reserve System, December 3, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-31823 Filed 12-8-99; 8:45 am]
BILLING CODE 6210-01-F