36876 Federal Register / Vol. 64, No. 130 / Thursday, July 8, 1999 / Notices

Development Corporation, Nashville, indicated or the offices of the Board of In connection with the proposed Tennessee, and thereby engage in Governors not later than August 2, 1999. transaction, HSBC has provided notice community development activities, A. Federal Reserve Bank of St. Louis to acquire all of the nonbank pursuant to § 225.28(b)(12) of (Randall C. Sumner, Vice President) 411 subsidiaries of RNYC and to engage, Regulation Y. Locust Street, St. Louis, Missouri 63102- directly or indirectly through such In addition, AmSouth Bancorporation 2034: nonbank subsidiaries, in a variety of and First American corporation each 1. Arvest Bank Group, Inc., nonbanking activities that previously have applied to acquire up to 19.9 Bentonville, Arkansas; to acquire 100 have been determined to be permissible percent of the other’s voting shares percent of the voting shares of Delaware for bank holding companies. HSBC also pursuant to stock options granted in Bancshares, Inc., Jay, Oklahoma, and would continue to control all its connection with the proposal. The thereby indirectly acquire The Delaware existing bank and nonbank subsidiaries. options would terminate on County Bank, Jay, Oklahoma. The nonbanking companies that HSBC consummation of the proposal. Board of Governors of the Federal Reserve proposes to acquire are listed in the 2. Synovus Financial Corporation, System, July 2, 1999. notice filed with the Board and include Columbus, Georgia; to merge with Merit Robert deV. Frierson, Republic Bank Delaware, National Holding Corporation, Tucker, Georgia, Associate Secretary of the Board. Association, Wilmington, Delaware; and thereby indirectly acquire Mountain [FR Doc. 99–17333 Filed 7–7–99; 8:45 am] Republic New York Securities Corporation, New York, New York National Bank, Tucker, Georgia, and BILLING CODE 6210±01±F Charter Bank and Trust Company, (RNYSC); Republic Business Credit Marietta, Georgia. Corporation, New York, New York. The FEDERAL RESERVE SYSTEM nonbanking activities of the companies Board of Governors of the Federal Reserve to be acquired also are listed in the System, July 1, 1999. Formations of, Acquisitions by, and notice and include extending credit and Robert deV. Frierson, Mergers of Bank Holding Companies; servicing loans, pursuant to 12 CFR Associate Secretary of the Board. Correction 225.28(b)(1); performing functions or [FR Doc. 99–17269 Filed 7–7–99; 8:45 am] activities that may be performed by a BILLING CODE 6210±01±F This notice corrects a notice (FR Doc. trust company, pursuant to 12 CFR 99-16703) published on page 35660 of 225.28(b)(5); providing securities the issue for Thursday, July 1, 1999. brokerage, riskless principal, private FEDERAL RESERVE SYSTEM The Federal Reserve Bank of Chicago placement, futures commission heading in paragraph A. and the entry merchant, and other agency Formations of, Acquisitions by, and for HSBC Holdings plc, London, United transactional services, pursuant to 12 Mergers of Bank Holding Companies Kingdom, HSBC Finance, Netherlands, CFR 225.28(b)(7); and underwriting and London, England, HSBC Holdings BV, dealing in government obligations and The companies listed in this notice Amsterdam, Netherlands, and a newly have applied to the Board for approval, money market instruments, engaging in established intermediate holding certain investing and trading activities pursuant to the Bank Holding Company company, (USHoldco, New York, New Act of 1956 (12 U.S.C. 1841 et seq.) as principal, and buying and selling York) are corrected to read as follows bullion and related activities, pursuant (BHC Act), Regulation Y (12 CFR Part A. Federal Reserve Bank of New 225), and all other applicable statutes to 12 CFR 225.28(b)(8). York (Betsy Buttrill White, Senior Vice In connection with the proposed and regulations to become a bank President) 33 Liberty Street, New York, holding company and/or to acquire the transaction, HSBC also has applied to New York 10045-0001: acquire an option to purchase up to 19.9 assets or the ownership of, control of, or 1. HSBC Holdings plc, London, percent of the outstanding shares of the power to vote shares of a bank or United Kingdom (HSBC Holdings), RNYC common stock. This option bank holding company and all of the HSBC Finance, Netherlands, London, would expire upon consummation of banks and nonbanking companies England, HSBC Holdings BV, owned by the bank holding company, the merger. Amsterdam, Netherlands, and a newly Comments on this application must including the companies listed below. established intermediate holding be received by July 26, 1999. The applications listed below, as well company (USHoldco, New York, New as other related filings required by the York), to acquire all of the voting shares Board of Governors of the Federal Reserve Board, are available for immediate of Republic New York Corporation, New System, July 2, 1999. inspection at the Federal Reserve Bank York, New York (RNYC), and thereby Robert deV. Frierson, indicated. The application also will be acquire the following bank subsidiaries Associate Secretary of the Board. available for inspection at the offices of of RNYC: Republic National Bank of [FR Doc. 99–17335 Filed 7–7–99; 8:45 am] the Board of Governors. Interested New York, New York, New York BILLING CODE 6210±01±F persons may express their views in (Republic Bank), and Republic Bank writing on the standards enumerated in California, National Association, the BHC Act (12 U.S.C. 1842(c)). If the Beverly Hills, California. Following FEDERAL RESERVE SYSTEM proposal also involves the acquisition of these transactions, HSBC would merge Notice of Proposals to Engage in a nonbanking company, the review also RNYC with and into HSBC Americas, Permissible Nonbanking Activities or includes whether the acquisition of the Inc., Buffalo, New York, a bank holding to Acquire Companies that are nonbanking company complies with the company that is the current parent of Engaged in Permissible Nonbanking standards in section 4 of the BHC Act HSBC Bank USA, Buffalo, New York. Activities (12 U.S.C. 1843). Unless otherwise RNYC would survive this merger and be noted, nonbanking activities will be renamed HSBC USA. HSBC Holdings The companies listed in this notice conducted throughout the United States. and its subsidiaries (collectively HSBC) have given notice under section 4 of the Unless otherwise noted, comments may form one or more intermediate Bank Holding Company Act (12 U.S.C. regarding each of these applications bank holding companies to facilitate 1843) (BHC Act) and Regulation Y, (12 must be received at the Reserve Bank these transactions. CFR Part 225) to engage de novo, or to

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