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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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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 Start Printed Page 39092bank holding companies may be obtained from the National Information Center Web site at www.ffiec.gov/​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 than July 15, 2003.

A. Federal Reserve Bank of Cleveland (Stephen J. Ong, Vice President) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:

1. KeyCorp, Cleveland, Ohio; to expand to not more than 15 percent of its total consolidated capital stock and surplus its investments in community development activities, pursuant to section 225.28(b)(12)(i) of Regulation Y.

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

1. The Mitsubishi Trust and Banking Corporation, Tokyo, Japan, and Mitsubishi Tokyo Financial Group, Inc., Tokyo, Japan; to acquire Spectrum Capital Ltd., Greenwich, Connecticut, and thereby engage in making, acquiring, and servicing loans, leasing of personal property, or acting as agent, broker or advisor in the leasing of such property, pursuant to sections 225.28(b)(1) and (b)(5) of Regulation Y.

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Board of Governors of the Federal Reserve System, June 25, 2003.

Robert deV. Frierson,

Deputy Secretary of the Board.

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[FR Doc.03-16525 Filed 6-30-03; 8:45 am]

BILLING CODE 6210-01-S