[Federal Register Volume 63, Number 10 (Thursday, January 15, 1998)] [Notices] [Page 2394] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-1002] ----------------------------------------------------------------------- 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 January 29, 1998. A. Federal Reserve Bank of San Francisco (Maria Villanueva, Manager of Analytical Support, Consumer Regulation Group) 101 Market Street, San Francisco, California 94105-1579: 1. Banque Nationale de Paris, Paris, France; to engage de novo through its subsidiary BNP Securities (U.S.A.), Inc., Radnor, Pennsylvania, in buying and selling in the secondary market all types of securities on the order of customers as a ``riskless principal'' to the extent of engaging in a transaction in which the company, after receiving an order to buy (or sell) a security from a customer, purchases (or sells) the security for its own account to offset a contemporaneous sale to (or purchase from) the customer, pursuant to Sec. 225.28(b)(7)(ii) of the Board's Regulation Y. The proposed activities will be conducted worldwide. Board of Governors of the Federal Reserve System, January 9, 1998. Jennifer J. Johnson, Deputy Secretary of the Board. [FR Doc. 98-1002 Filed 1-14-98; 8:45 am] BILLING CODE 6210-01-F