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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 website 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 than October 24, 2007.

A. Federal Reserve Bank of New York (Anne MacEwen, Bank Applications Officer) 33 Liberty Street, New York, New York 10045-0001:Start Printed Page 57577

1. Standard Chartered PLC, Standard Chartered Holdings Limited, and Standard Chartered Bank, all of London, United Kingdom; to acquire Harrison Lovegrove & Co. Limited, London, England, and thereby indirectly acquire Harrison Lovegrove Americas L.P., Houston, Texas, and thereby engage in providing advice in connection with mergers, acquisitions, divestitures, investments, joint ventures, leveraged buyouts, recapitalizations, capital structurings, financing transactions and similar transactions, and conducting financial feasibility studies in accordance with Section 225.28(b)(6)(iii); and acting as agent for the private placement of securities, pursuant to Section 225.28(b)(7)(iii), both of Regulation Y.

B. Federal Reserve Bank of Chicago (Burl Thornton, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:

1. Capitol Bancorp, Ltd., and Capitol Development Bancorp Limited VIII, both of Lansing, Michigan; to acquire 51 percent of the voting shares of Community Bank of Lincoln (in organization), Lincoln, Nebraska, and thereby operate a savings association, pursuant to section 225.28(b)(4)(ii) of Regulation Y. Comment on this application must be received by November 5, 2007.

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Board of Governors of the Federal Reserve System, October 4, 2007.

Robert deV. Frierson,

Deputy Secretary of the Board.

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[FR Doc. E7-19921 Filed 10-9-07; 8:45 am]