[Federal Register Volume 62, Number 218 (Wednesday, November 12, 1997)]
[Notices]
[Page 60713]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29759]


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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 Sec.  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 
Sec.  225.28(b)(1) of the Board's Regulation Y; activities related to 
extending credit, specifically, arranging commercial real estate equity 
financing, pursuant to Sec.  225.28(b)(2)(ii) of the Board's Regulation 
Y; leasing personal or real property, pursuant to Sec.  225.28(b)(3) of 
the Board's Regulation Y; trust company activities, pursuant to Sec.  
225.28(b)(5) of the Board's Regulation Y; financial and investment 
advisory activities, pursuant to Sec.  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 Sec.  225.28(b)(7) of the Board's Regulation Y; 
underwriting and dealing in government obligations and money market 
instruments, pursuant to Sec.  225.28(b)(8)(i) of the Board's 
Regulation Y; investing and trading activities, pursuant to Sec.  
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