[Federal Register: December 13, 1999 (Volume 64, Number 238)]
[Notices]               
[Page 69535]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr13de99-78]                         

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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 December 27, 1999.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Westdeutsche Landesbank Girozentrale, Dusseldorf, Germany; to 
engage de novo through its subsidiary, WestLB Panmure Securities Inc., 
in making, acquiring, brokering or servicing loans or other extensions 
of credit (including factoring, issuing letters of credit and accepting 
drafts) for the company's account or for the account of others, 
pursuant to Sec.  225.28(b)(1) of Regulation Y; and in providing to 
customers as agent transactional services with respect to swaps and 
similar transactions, any transaction described in subparagraph (8) of 
Sec.  225.28(b), any transaction that is permissible for a state member 
bank; and any other transaction involving a forward contract, option, 
futures, or similar contract relating to a commodity that is traded on 
an exchange, pursuant to Sec.  225.28(b)(7)(v) of Regulation Y.
    B. Federal Reserve Bank of Chicago (Philip Jackson, Applications 
Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413:
    1. Stichting Prioriteit ABN AMRO Holding, Stichting 
Administratiekantoor ABN HMRO Holding, ABN AMRO Holding N.V., ABN AMRO 
Bank N.V., all of Amsterdam, The Netherlands; and ABN AMRO North 
America, Chicago, Illinois; to acquire Atlantic Mortgage & Investment 
Corporation, Jacksonville, Florida, and thereby engage in extending 
credit and servicing loans pursuant to Sec.  225.28(b)(1) of Regulation 
Y.

    Board of Governors of the Federal Reserve System, December 7, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-32143 Filed 12-10-99; 8:45 am]
BILLING CODE 6210-01-F