[Federal Register Volume 65, Number 10 (Friday, January 14, 2000)]
[Notices]
[Page 2414]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-976]


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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, including the 
companies listed below, 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 February 2, 2000.
    A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior 
Vice President) 33 Liberty Street, New York, New York 10045-0001:
    1. Deutsche Bank Aktiengesellschaft, Frankfurt, Germany; to acquire 
InterSec Research Corporation, Stamford, Connecticut, and thereby 
engage in data processing to provide international and domestic 
performance measurement for pension funds through databases, pursuant 
to Sec. 225.28(b)(14) of Regulation Y; see, Citicorp, 68 Fed. Res. 
Bull. 505 (1982); Citicorp, 72 Fed. Res. Bull. 497 (1986); BNC Corp, 
Inc., 81 Fed. Res. Bull. 295 (1995); and in the development and 
provision of such measurement through the Internet system, U-
MeasurePERF.com, see Cardinal Bancshares, Inc., 82 Fed. Res. Bull. 674 
(1996), and The Toronto-Dominion Bank, 83 Fed. Res. Bull. 335 (1997); 
in the sale of proprietary portfolio accounting software that permits 
customers to conduct financial management using their personal 
computers to perform banking activities, pursuant to Sec. 225.28(b)(14) 
of Regulation Y; see, The Royal Bank of Canada, 82 Fed. Res. Bull. 363 
(1996); and Citicorp, 72 Fed. Res. Bull. 497 (1986); in research and 
consulting services, including targeted market research and industry 
studies, to investment management organizations, banks, exchanges, and 
other firms, pursuant to Sec. 225.28(b)(6) of Regulation Y, see 
Security Pacific Corporation, 71 Fed. Res. Bull. 118 (1985); Signet 
Banking Corporation, 73 Fed. Res. Bull. 59 (1987); National Westminster 
Bank PLC, 74 Fed. Res. Bull. 254 (1988); and The Royal Bank of Scotland 
Group PLC, 76 Fed. Res. Bull. 886 (1990); and in pension fund 
consulting to provide sponsors with analyses of international and 
global investment strategies, pursuant to Sec. 225.28(b)(6) of 
Regulation Y; see Dresdner Bank AG, 82 Fed. Res. Bull. 676 (1996).

    Board of Governors of the Federal Reserve System, January 11, 
2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-976 Filed 1-13-00; 8:45 am]
BILLING CODE 6210-01-P