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

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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 that 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. Additional information on all bank holding companies may be obtained from the National Information Center Web site at​nic/​.

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 thanof Governors not later than April 23, 2003.

A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior Vice President) 33 Liberty Street, New York, New York 10045-0001:

1. Commerzbank Aktiengesellschaft, Frankfurt, Germany; through its subsidiary, Commerzbank Capital Markets Corporation, New York, New York, to engage in extending credit and servicing loans, pursuant to section 225.28(b)(1) of Regulation Y; acting as investment or financial advisor, pursuant to section 225.28(b)(6) of Regulation Y; providing securities brokerage services, pursuant to section 225.28(b)(7)(i) of Regulation Y; engaging in riskless principal transactions, pursuant to section 225.28(b)(7)(ii) of Regulation Y; providing private placement services, pursuant to section 225.28(b)(7)(iii) of Regulation Y; engaging in other transactional services, pursuant to section 225.28(b)(7)(v) of Regulation Y; underwriting and dealing in government obligations and money market instruments, pursuant to section 225.28(b)(8)(i) of Regulation Y; and in permissible investing and trading activities, pursuant to section 225.28(b)(8)(ii)(a) of Regulation Y.

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Board of Governors of the Federal Reserve System, April 3, 2003.

Robert deV. Frierson,

Deputy Secretary of the Board.

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[FR Doc.03-8613 Filed 4-8-03; 8:45 am]