[Federal Register: January 5, 1998 (Volume 63, Number 2)]
[Notices]               
[Page 229]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr05ja98-73]

-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM

 
Notice of Proposals to Engage in Permissible Nonbanking 
Activities or to Acquire Companies that are Engaged in Permissible 
Nonbanking Activities

    Dresdner Bank AG, Frankfurt, Germany (``Notificant''), has provided 
notice pursuant to section 4(c)(8) of the Bank Holding Company Act (12 
U.S.C. 1843(c)(8)) (BHC Act) and section 225.24 of the Board's 
Regulation Y (12 CFR 225.24), to engage de novo through its nonbanking 
subsidiaries, Oechsle International Advisors, L.P., Boston, 
Massachusetts (``OIA''), and RCM Capital Management, L.L.C., San 
Francisco, California (``RCM''), in acting as a commodity pool operator 
for limited partnerships organized as commodity pools investing in 
assets in which a bank holding company is permitted to invest. See The 
Bessemer Group, Inc., 82 Fed. Res. Bull. 569 (1996). Notificant would 
engage in these activities in accordance with certain limitations and 
conditions previously established by the Board by order, with a number 
of exceptions that are discussed in the notice. Notificant currently 
proposes to engage in commodity pool operator activities through OIA 
and RCM, but seeks authority to engage in commodity pool operator 
activities without geographic limitation through any of its existing or 
future subsidiaries.
    Any comments or requests for hearing should be submitted in writing 
and received by William W. Wiles, Secretary, Board of Governors of the 
Federal Reserve System, Washington, D.C. 20551, not later than January 
16, 1998. Any request for a hearing on this application must, as 
required by Sec.  262.3(e) of the Board's Rules of Procedure (12 CFR 
262.3(e)), be accompanied by a statement of the reasons why a written 
presentation would not suffice in lieu of a hearing, identifying 
specifically any questions of fact that are in dispute, summarizing the 
evidence that would be presented at a hearing, and indicating how the 
party commenting would be aggrieved by approval of the proposal.
    This application may be inspected at the offices of the Board of 
Governors or the Federal Reserve Bank of New York.

    Board of Governors of the Federal Reserve System, December 29, 
1997.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 98-31 Filed 1-2-98; 8:45 am]
BILLING CODE 6210-01-F