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Formations of, Acquisitions by, and Mergers of Bank Holding Companies

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The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below.

The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Additional information on all bank holding companies may be obtained from the National Information Center website at​nic/​.

Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than September 22, 2000.

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

1. The Sumitomo Bank, Limited, Osaka, Japan; to become a bank holding company by acquiring 100 percent of the voting shares of The Sakura Bank, Limited, Tokyo, Japan, and thereby indirectly acquire voting shares of Manufacturers Bank, Los Angeles, California.

In connection with this application, Applicant also has applied to acquire Sakura Business Finance, Inc., New York, New York; Sakura Global Capital, Inc., New York, New York, and Sakura Information Systems (USA), Inc., New York, New York, and thereby engage in leasing personal and real property, pursuant to § 225.28(b)(3) of Regulation Y; acting as advisor, broker and dealer in or with respect to swaps and other derivatives, pursuant to §§ 225.28(b)(6), (7)(v) and (8)(ii) of Regulation Y; servicing activities, pursuant to § 225.28(b)(2)(iii) of Regulation Y; and data processing and transmission activities, pursuant to § 225.28(b)(14) of Regulation Y.

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Board of Governors of the Federal Reserve System, August 23, 2000.

Robert deV. Frierson,

Associate Secretary of the Board.

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[FR Doc. 00-21957 Filed 8-28-00; 8:45 am]