Federal Register / Vol. 62, No. 218 / Wednesday, November 12, 1997 / Notices 60713

Bowden, Georgia, following its

conversion to a commercial bank.

2. Compass Bancshares, Inc.,

Birmingham, Alabama; Compass Banks

of Texas, Inc., Birmingham, Alabama;

and Compass Bancorporation of Texas,

Inc., Wilmington, Delaware; to merge

with First University Corporation,

Houston, Texas, and thereby indirectly

acquire West University Bank, Houston,

Texas.

Board of Governors of the Federal Reserve

System, November 6, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–29758 Filed 11–10–97; 8:45 am]

BILLING CODE 6210–01–F

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 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.

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 November 26, 1997.

A. Federal Reserve Bank of Atlanta

(Lois Berthaume, Vice President) 104

Marietta Street, N.W., Atlanta, Georgia

30303-2713:

1. SunTrust Banks of Georgia, Inc.,

Atlanta, Georgia; to acquire Equitable

Securities Corporation, Nashville,

Tennessee, and thereby engage in

underwriting and dealing in all types of

ineligible securities. See J.P. Morgan &

Co. Incorporated, et al., 75 Fed. Res.

Bull. 192 (1989); extending credit and

servicing loans, pursuant to §

225.28(b)(1) of the Board’s Regulation Y;

activities related to extending credit,

specifically, arranging commercial real

estate equity financing, pursuant to §

225.28(b)(2)(ii) of the Board’s Regulation

Y; leasing personal or real property,

pursuant to § 225.28(b)(3) of the Board’s

Regulation Y; trust company activities,

pursuant to § 225.28(b)(5) of the Board’s

Regulation Y; financial and investment

advisory activities, pursuant to §

225.28(b)(6) of the Board’s Regulation Y;

securities brokerage activities; riskless

principal activities; private placement

services; and other transactional

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

the Board’s Regulation Y; underwriting

and dealing in government obligations

and money market instruments,

pursuant to § 225.28(b)(8)(i) of the

Board’s Regulation Y; investing and

trading activities, pursuant to §

225.28(b)(8)(ii) of the Board’s Regulation

Y; and other related incidental

activities. See, e.g., J.P. Morgan & Co.,

75 Fed. Res. Bull. at 213, n. 59.

Board of Governors of the Federal Reserve

System, November 6, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–29759 Filed 11–10–97; 8:45 am]

BILLING CODE 6210–01–F

FEDERAL RESERVE SYSTEM

Meeting

AGENCY HOLDING THE MEETING: Board of

Governors of the Federal Reserve

System.

TIME AND DATE: 10:00 a.m., Friday,

November 14, 1997.

PLACE: Marriner S. Eccles Federal

Reserve Board Building, 20th and C

Streets, N.W., Washington, D.C. 20551.

STATUS: Closed.

MATTERS TO BE CONSIDERED:

1. Proposed 1998 Federal Reserve

Board employee salary structure

adjustments and merit program. 2. Personnel actions (appointments,

promotions, assignments,

reassignments, and salary actions)

involving individual Federal System

employees.

3. Any matters carried forward from a

previously announced meeting.

CONTACT PERSON FOR MORE INFORMATION:

Joseph R. Coyne, Assistant to the Board;

202–452–3204.

SUPPLEMENTARY INFORMATION: You may

call 202–452–3206 beginning at

approximately 5 p.m. two business days

before the meeting for a recorded

announcement of bank and bank

holding company applications

scheduled for the meeting; or you may

contact the Board’s Web site at http://

www.bog.frb.fed.us for an electronic

announcement that not only lists

applications, but also indicates

procedural and other information about

the meetings.

Dated: November 7, 1997.

Jennifer J. Johnson,

Deputy Secretary of the Board.

[FR Doc. 97–29821 Filed 11–7–97; 10:08 am]

BILLING CODE 6210–01–M

FEDERAL RESERVE SYSTEM

[Docket No. R–0987]

Policy Statement on Privately Operated

Multilateral Settlement Systems

AGENCY: Board of Governors of the

Federal Reserve System.

ACTION: Request for comment.

SUMMARY: As part of its payment system

risk reduction program, the Board of

Governors is requesting comment on a

proposal to integrate its policies on

‘‘Privately Operated Large-Dollar

Multilateral Netting Systems’’ and

‘‘Private Small-Dollar Clearing and

Settlement Systems’’ into a single,

comprehensive policy statement on

‘‘Privately Operated Multilateral

Settlement Systems.’’

DATES: Comments must be received by

February 10, 1998.

ADDRESSES: Comments should refer to

Docket No. R–0987 and may be mailed

to Mr. William W. Wiles, Secretary,

Board of Governors of the Federal

Reserve System, 20th Street and

Constitution Avenue, N.W.,

Washington, D.C. 20551. Comments

may also be delivered to the Board’s

mail room between 8:45 a.m. and 5:15

p.m. on weekdays, and to the security

control room at all other times. The mail

room and the security control room are

accessible from the courtyard entrance

on 20th Street between Constitution

Avenue and C Street, N.W. Comments

will be available for inspection and

copying by members of the public in the

Freedom of Information Office, Room

MP–500, between 9:00 a.m. and 5:00

p.m. weekdays, except as provided in

Section 261.8 of the Board’s Rules

Regarding Availability of Information.

FOR FURTHER INFORMATION CONTACT:

Jeffrey C. Marquardt, Assistant Director

(202/452–2360), Paul Bettge, Assistant

Director (202/452–3174), or Heidi

Richards, Senior Financial Services

Analyst (202/452–2598), Division of

Reserve Bank Operations and Payment

Systems; or Oliver Ireland, Associate

General Counsel (202/452–3625); for the

hearing impaired only,