[Federal Register: June 4, 1999 (Volume 64, Number 107)]
[Notices]               
[Page 30028-30029]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04jn99-65]

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FEDERAL RESERVE SYSTEM

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

    This notice corrects a notice (FR Doc. 99-13088) published on page 
27990 of the issue for Monday, May 24, 1999.
    Under the Federal Reserve Bank of Boston heading, the entry for 
Fleet Financial Group, Inc., Boston, Massachusetts, is revised to read 
as follows:
    A. Federal Reserve Bank of Boston (Richard Walker, Community 
Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204:

[[Page 30029]]

    1. Fleet Financial Group, Inc., Boston, Massachusetts; to acquire 
100 percent of the voting shares of BankBoston Corporation, Boston, 
Massachusetts, and thereby indirectly acquire BankBoston, National 
Association, Boston, Massachusetts; BankBoston Maine, National 
Association, South Portland, Maine; and Bank of Boston - Florida, 
National Association, Boca Raton, Florida.
    In connection with this application, Applicant also has applied to 
acquire all of BankBoston's direct and indirect nonbank subsidiaries, 
including BancBoston Robertson Stephens, Inc., Boston, Massachusetts, 
and thereby engage in underwriting bank ineligible securities, 
including equity securities and high yield debt, both through public 
offerings and private placements; providing advice in connection with 
mergers and acquisitions; brokerage activities; providing equity 
research to institutional and high net worth customers, pursuant to Secs.  
225.28(b)(1), (2), (6), (7) and (8) of Regulation Y, see Bank of Boston 
Corp., 74 Fed. Res. Bull. 699 (1988); Bank of Boston Corp., 83 Fed. 
Res. Bull. 42 (1997); BankBoston Corp., 84 Fed. Res. Bull. 850 (1998); 
RIHT Life Insurance Company, Phoenix, Arizona, and thereby engage in 
reinsuring credit life and health insurance for borrowers of 
BankBoston, N.A. or its subsidiaries in connection with extensions of 
credit to such borrowers, pursuant to Sec.  225.28(b)(11) of Regulation 
Y; BancBoston Leasing Investments, Inc., Boston, Massachusetts, and 
thereby engage in leasing personal and real property, pursuant to Secs.  
225.28(b)(3) and (12) of Regulation Y; BancBoston Investments, Inc., 
Boston, Massachusetts, and thereby engage in venture capital 
investments, including secured and unsecured lending and voting and 
nonvoting equity investments, pursuant to Sec.  225.28(b)(1) of 
Regulation Y; Back Bay Capital Funding LLC, Wilmington, Delaware, and 
thereby engage in asset-based lending, pursuant to Sec.  225.28(b)(1) 
of Regulation Y; BankBoston (NH), N.A., Nashua, New Hampshire, and 
thereby engage in certain credit card activities, pursuant to Sec.  
225.28(b)(1) of Regulation Y; Partners First Holdings LLC, Linthicum, 
Maryland, and thereby engage in credit card activities, pursuant to 
Sec.  225.28(b)(1) of Regulation Y; Partners First Receivables LLC, 
Linthicum, Maryland, and thereby engage in credit card activities, 
pursuant to Sec.  225.28(b)(1) of Regulation Y; Partners First Funding 
LLC, Linthicum, Maryland, and thereby engage in credit card activities, 
pursuant to Sec.  225.28(b)(1) of Regulation Y; and BancBoston Real 
Estate Capital Corporation, Boston, Massachusetts, and thereby engage 
in real estate lending and collateralized commercial lending, pursuant 
to Sec.  225.28(b)(1) of Regulation Y.
    Comments on this application must be received by June 23, 1999.

    Board of Governors of the Federal Reserve System, May 28, 1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-14134 Filed 6-3-99; 8:45 am]
BILLING CODE 6210-01-F