[Federal Register Volume 64, Number 178 (Wednesday, September 15, 1999)] [Notices] [Page 50091] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 99-24012] ----------------------------------------------------------------------- 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 September 29, 1999. A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566: 1. PNC Bank Corp., Pittsburgh, Pennsylvania; to acquire First Data Investor Services Group, Inc., Westborough, Massachusetts; and thereby indirectly acquire Actuarial Computer Technology, Inc., Westborough, Massachusetts; Applied Mailing Systems, Inc., Westborough, Massachusetts; First Data Distributors, Inc., Westborough, Massachusetts; and United States Pension Services, Inc., Westborough, Massachusetts, and thereby engage in various administrative service activities as previously approved in Board Orders (see Bankers Trust New York Corp., 83 Fed. Res. Bull. 780 (1997) and Commerzbank AG, 83 Fed. Res. Bull. 679 (1997)) and in financial and investment advisory services, pursuant to Sec. 225.28(b)(6) of Regulation Y; agency transactional services, pursuant to Sec. 225.28(b)(7) of Regulation Y; employee benefits consulting services, pursuant to Sec. 225.28(b)(9)(ii) of Regulation Y; support services, pursuant to Sec. 225.28(b)(10) of Regulation Y; data processing services, pursuant to Sec. 225.28(b)(14) of Regulation Y; and in serving as a transfer agent to investment companies, pursuant to Sec. 225.28(b)(5) of Regulation Y. In addition to this application, Applicant also has applied to acquire NA Insurance Services, Inc., Seal Beach, California, and thereby engage in operating as a necessary incident to retirement plan services, (see Mellon Bank Corp./Buckeye Consultants, (83 Fed. Res. Bull. 681 (1997)) and section 225.28(b)(5) of Regulation Y. Board of Governors of the Federal Reserve System, September 9, 1999. Robert deV. Frierson, Associate Secretary of the Board. [FR Doc. 99-24012 Filed 9-14-99; 8:45 am] BILLING CODE 6210-01-F