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.
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 May 12, 2011.
A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 33 Liberty Street, New York, New York 10045-0001:
1. China Investment Corporation and Central Huijin Investment Limited, both in Beijing, China; to become bank holding companies by indirectly acquiring 80 percent of the voting shares of The Bank of East Asia (U.S.A.) National Association, New York, New York.
2. Industrial and Commercial Bank of China Limited, Beijing, China; to become a bank holding company by acquiring 80 percent of the voting shares of The Bank of East Asia (U.S.A.) National Association, New York, New York.Start Signature
Board of Governors of the Federal Reserve System, April 12, 2011.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2011-9165 Filed 4-14-11; 8:45 am]
BILLING CODE 6210-01-P