69 FR 77 pg. 21536 - Notice of Proposals to Engage in Permissible Nonbanking Activitiesor to Acquire Companies that are Engaged in Permissible NonbankingActivities
Type: NOTICEVolume: 69Number: 77Page: 21536
FR document: [FR Doc.04-8971 Filed 4-20-04; 8:45 am]
Agency: Federal Reserve System
Official PDF Version: PDF Version
FEDERAL RESERVE SYSTEM
Notice of Proposals to Engage in Permissible Nonbanking Activitiesor to Acquire Companies that are Engaged in Permissible NonbankingActivities
The companies listed in this notice have given notice under section 4 ofthe 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 controlvoting securities or assets of a company, including the companies listedbelow, that engages either directly or through a subsidiary or othercompany, in a nonbanking activity that is listed in § 225.28 ofRegulation Y (12 CFR 225.28) or that the Board has determined by Order tobe closely related to banking and permissible for bank holding companies.Unless otherwise noted, these activities will be conducted throughout theUnited States.
Each notice is available for inspection at the Federal Reserve Bankindicated. The notice also will be available for inspection at the officesof the Board of Governors. Interested persons may express their views inwriting on the question whether the proposal complies with the standards ofsection 4 of the BHC Act. Additional information on all bank holdingcompanies may be obtained from the National Information Center website at www.ffiec.gov/nic/ .
Unless otherwise noted, comments regarding the applications must bereceived at the Reserve Bank indicated or the offices of the Board ofGovernors not later than May 5, 2004.
A. Federal Reserve Bank of San Francisco (Tracy Basinger,Director, Regional and Community Bank Group) 101 Market Street, SanFrancisco, California 94105-1579:
1. Security Pacific Bancorp and Network Finance, Inc. ,both of Ontario, California; to acquire 51 percent of the voting shares ofGenuine Home Loans, Inc., Pasadena, California, and thereby engage inmortgage lending activities, pursuant to section 225.28(b)(1) of RegulationY.
Board of Governors of the Federal Reserve System, April 15, 2004.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc.04-8971 Filed 4-20-04; 8:45 am]
BILLING CODE 6210-01-S