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Notice

Notice of Proposals To Engage in Permissible Nonbanking Activities or To Acquire Companies That Are Engaged in Permissible Nonbanking Activities

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Information about this document as published in the Federal Register.

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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 Start Printed Page 38281that is listed in § 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 July 5, 2000.

A. Federal Reserve Bank of San Francisco (Maria Villanueva, Consumer Regulation Group) 101 Market Street, San Francisco, California 94105-1579:

1. CB Bancshares, Inc., Honolulu, Hawaii; to acquire Citibank Properties, Inc., Honolulu, Hawaii, and thereby holding and acquiring commercial and residential mortgage loans and mortgage backed securities, pursuant to Section 225.28(b)(1) of Regulation Y.

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Board of Governors of the Federal Reserve System, June 15, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

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[FR Doc. 00-15526 Filed 6-19-00; 8:45 am]

BILLING CODE 6210-01-P