Federal Register / Vol. 65, No. 115 / Wednesday, June 14, 2000 / Notices 37389

North Pearl Street, Dallas, Texas 75201–

2272:

1. Century Bancshares, Inc., New

Boston, Texas; to acquire 100 percent of

the voting shares of First State Bank of

Gurdon, Gurdon, Arkansas. The name of

the bank will be changed to Century

Bank—Arkansas, and the charter will be

relocated to Texarkana, Arkansas, where

it will be operated as a full service bank

in that community.

Board of Governors of the Federal Reserve

System, June 8, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–14932 Filed 6–13–00; 8:45 am]

BILLING CODE 6210–01–P

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 § 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. Additional information on all

bank holding companies may be

obtained from the National Information

Center website at www.ffiec.gov/nic/.

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 June 28, 2000.

A. Federal Reserve Bank of Chicago

(Phillip Jackson, Applications Officer)

230 South LaSalle Street, Chicago,

Illinois 60690–1414:

1. First Merchants Corporation,

Muncie, Indiana; to engage de novo in

the permissible nonbank activity of

reinsuring credit insurance, through its

subsidiary, First Merchants Reinsurance

Co., Ltd., Muncie, Indiana, pursuant to

§ 225.28(b)(11) of Regulation Y.

Board of Governors of the Federal Reserve

System, June 8, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

[FR Doc. 00–14933 Filed 6–13–00; 8:45 am]

BILLING CODE 6210–01–P

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 § 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. Additional information on all

bank holding companies may be

obtained from the National Information

Center website at www.ffiec.gov/nic/.

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 June 29, 2000.

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; Edinburgh, Scotland; to retain

NatWest Group Holdings Corporation,

New York, New York, and thereby

indirectly retain shares of Cybuy LLC,

New York, New York, and thereby

engage in financial data processing

activities, pursuant to § 225.28(b)(14) of

Regulation Y; Identrus, LCC, New York,

New York, a joint venture among several

commercial banks and foreign banking

organizations, and thereby engage in

digital certification and data processing

and data transmission activities in a

manner, pursuant to § 225.28(b)(14) of

Regulation Y; Greenwich Capital

Holdings, Inc., Greenwich Connecticut,

and thereby engage in nonbanking

activities through the following

subsidiaries: Greenwich Capital

Markets, Inc., Greenwich, Connecticut

(GCM), a Section 20 company,

registered as a broker dealer and futures

commission merchant, pursuant to

§ 225.28(b)(7)(iv) of Regulation Y. GCM

has ‘‘Tier I’’ authority (see National

Westminster Bank, PLC, 82 Fed. Res.

Bull. 1044 (1996)), and in 1999, GCM

received authority to exercise limited

‘‘Tier II’’ powers by underwriting and

dealing to a limited extent in all types

of debt securities (see J.P. Morgan & Co.,

Inc., 75, Fed. Res. Bull. 192 (1989)). In

addition to underwriting and dealing in

bank-ineligible securities, GCM

underwrites and deals in ‘‘bank

eligible’’ securities, pursuant to

§ 225.28(b)(8)(i) of Regulation Y. GCM

also engages in lending activities,

pursuant to § 225.28(b)(1) of Regulation

Y; commercial real estate equity

financing activities permitted by

§ 225.28(b)(2)(ii) of Regulation Y;

financial and investment advisory

activities, pursuant to § 225.28(b)(6) of

Regulation Y; private placement,

riskless principal and securities

brokerage activities, and other

transactional services, pursuant to

§ 225.28(b)(7) of Regulation Y; and

trading foreign exchange, interest rate

and currency swaps, and precious

metals (and related derivative

instruments), pursuant to § 225.28(b)(8)

of Regulation Y; Greenwich Capital

Acceptance, Inc., Greenwich,

Connecticut, and thereby engage in

lending and related activities, pursuant

to § 225.28(b)(1) of Regulation Y;

Greenwich Capital Financial Products,

Inc., Greenwich, Connecticut, and

engage in lending and related activities,

pursuant to §§ 225.28(b)(1) and (b)(2) of

Regulation Y, leasing activities,

pursuant to § 225.28(b)(3) of Regulation

Y, and financial and investment

advisory activities, pursuant to

§ 225.28(b)(6) of Regulation Y; Financial

Asset Securities Corp., Greenwich,

Connecticut, a limited purpose finance

company, and engage in lending

activities, pursuant to § 225.28(b)(1) of

Regulation Y; Greenwich Capital

Derivatives, Inc., Greenwich,

Connecticut, and engage in investment

advisory activities, pursuant to

§ 225.28(b)(6)(iv) and other transactional

services, pursuant to § 225.28(b)(7)(v) of

Regulation Y, and in derivatives

activities, pursuant to