[Federal Register: August 23, 1999 (Volume 64, Number 162)]
[Notices]               
[Page 45969]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr23au99-75]                         

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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 September 16, 1999.
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:
    1. The Royal Bank of Scotland Group plc, and The Royal Bank of 
Scotland plc, both of Edinburgh, Scotland, and Citizens Financial 
Group, Inc., Providence, Rhode Island; to acquire 100 percent of the 
voting shares of UST Corp., USTrust and United States Trust Company, 
all of Boston, Massachusetts.
    In connection with this application Applicants have also applied to 
acquire Cambridge Trade Finance Corporation, Boston, Massachusetts, and 
thereby engage in short term financing of international transactions 
involving import and export of goods, pursuant to Sec.  225.28(b)(1) of 
Regulation Y.

    Board of Governors of the Federal Reserve System, August 17, 
1999.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 99-21726 Filed 8-20-99; 8:45 am]
BILLING CODE 6210-01-F