[Federal Register Volume 60, Number 167 (Tuesday, August 29, 1995)]
[Notices]
[Pages 44892-44893]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-21349]
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FEDERAL RESERVE SYSTEM
SunTrust Banks, Inc. ; Acquisition of Company Engaged in
Nonbanking Activities
The organization listed in this notice has applied under Sec.
225.23(a) or (f) of the Board's Regulation Y (12 CFR 225.23(a) or (f))
for the Board's approval under section 4(c)(8) of the Bank Holding
Company Act (12 U.S.C. 1843(c)(8)) and Sec. 225.21(a) of Regulation Y
(12 CFR 225.21(a)) to acquire or control voting securities or assets of
a company engaged in a nonbanking activity. Unless otherwise noted,
such activities will be conducted throughout the United States.
The application is available for immediate inspection at the
Federal Reserve Bank indicated. Once the application has been accepted
for processing, it will also be available for inspection at the offices
of the Board of Governors. Interested persons may express their views
in writing on the question whether consummation of the proposal can
``reasonably be expected to produce benefits to the public, such as
greater convenience, increased competition, or gains in efficiency,
that outweigh possible adverse effects, such as undue concentration of
resources, decreased or unfair competition, conflicts of interests, or
unsound banking practices.'' Any request for a hearing on this question
must be accompanied by a statement of the reasons a written
presentation would not suffice in lieu of a hearing, identifying
specifically any questions of fact that are in dispute, summarizing the
evidence that would be presented at a hearing, and indicating how the
party
[[Page 44893]]
commenting would be aggrieved by approval of the proposal.
Comments regarding the application must be received at the Reserve
Bank indicated or the offices of the Board of Governors not later than
September 12, 1995.
A. Federal Reserve Bank of Atlanta (Zane R. Kelley, Vice President)
104 Marietta Street, N.W., Atlanta, Georgia 30303:
1. SunTrust Banks, Inc., Atlanta, Georgia; to engage de novo
through SunTrust Capital Markets, Inc., Atlanta, Georgia, in leasing
activities, pursuant to Sec. 225.25(b)(5) of the Board's Regulation Y;
acting as broker or agent with respect to interest rate and currency
swap transactions and certain risk management products such as caps,
floors, and collars, as well as options on caps, floors, and collars,
and to act as advisor to corporate and institutional customers
regarding financial strategies involving interest rate and currency
swaps and swap derivative products, pursuant to Board order Saban,
S.A., RNYC Holdings Limited, and Republic New York Corporation, 80
Federal Reserve Bulletin 249 (1994); The Sanwa Bank Limited, 77 Federal
Reserve Bulletin 64 (1991); C&S/Sovran Corporation, 76 Federal Reserve
Bulletin 857 (1990); and The Sumitomo Bank, Limited, 75 Federal Reserve
Bulletin 582 (1989); and The Fuji Bank Limited, 76 Federal Reserve
Bulletin 768 (1990); underwriting and dealing in certain unrated
municipal revenue bonds, pursuant to Board order Letter Interpreting
Section 20 Orders, 80 Federal Reserve Bulletin 198 (1994).
Board of Governors of the Federal Reserve System, August 23,
1995.
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 95-21349 Filed 8-28-95; 8:45 am]
BILLING CODE 6210-01-F