[Federal Register Volume 64, Number 138 (Tuesday, July 20, 1999)] [Notices] [Page 38909] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 99-18399] ----------------------------------------------------------------------- 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 August 3, 1999. A. Federal Reserve Bank of Chicago (Philip Jackson, Applications Officer) 230 South LaSalle Street, Chicago, Illinois 60690-1413: 1. Firstar Corporation, Milwaukee, Wisconsin (Firstar); to acquire all the nonbank subsidiaries of Mercantile Bancorporation, Inc., St. Louis, Missouri (Mercantile), and to engage, directly or indirectly through such nonbank subsidiaries, in a variety of nonbanking activities that have previously been determined to be permissible for bank holding companies. The nonbanking companies that Firstar proposes to acquire are listed in the notice filed with the Board, and include FFG Trust, Inc., Springfield, Illinois, Mercantile Trust Company National Association, St. Louis, Missouri, D.D. Development of Sterling, Sterling, Illinois, Mercantile Consumer Loan Company, Rock Island, Illinois, and Mississippi Valley Life Insurance Company, St. Louis, Missouri. The nonbanking activities of the companies to be acquired also are listed in the notice and include engaging in trust company functions, pursuant to Sec. 225.28(b)(5) of Regulation Y; community development financing and investment activities, pursuant to Sec. 225.28(b)(12)(i) of Regulation Y; making and servicing loans, pursuant to Sec. 225.28(b)(1) of Regulation Y; and credit insurance activities, pursuant to Sec. 225.28(b)(11)(i) of Regulation Y; and in engaging all activities that Mercantile currently is authorized to conduct. Board of Governors of the Federal Reserve System, July 14, 1999. Robert deV. Frierson, Associate Secretary of the Board. [FR Doc. 99-18399 Filed 7-19-99; 8:45 am] BILLING CODE 6210-01-F