[Federal Register Volume 63, Number 126 (Wednesday, July 1, 1998)] [Notices] [Pages 35932-35933] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-17453] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities 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 Sec. 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. 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 17, 1998. A. Federal Reserve Bank of Boston (Richard Walker, Community Affairs Officer) 600 Atlantic Avenue, Boston, Massachusetts 02106-2204: 1. BankBoston Corporation (BKB), Boston, Massachusetts; to acquire Robertson Stephens, Inc., San Francisco, California, and thereby engage in [[Page 35933]] underwriting and dealing to a limited extent in all types of equity securities, other than ownership interest in open-end investment companies; making, acquiring and servicing loans and other extensions of credit, pursuant to Sec. 225.28(b)(1) of Regulation Y; providing investment and financial advisory services, pursuant to Sec. 225.28(b)(6) of Regulation Y; arranging commercial or industrial real estate equity financing, pursuant to Sec. 225.28(b)(2)(ii) of Regulation Y; underwriting and dealing in obligations of the United States and Canada, general obligations of U.S. States, Canadian provinces, and their political subdivisions, and other obligation in which state member banks may underwrite and deal under 12 U.S.C. 24 and 335, pursuant to Sec. 225.28(b)(8) of Regulation Y; and providing securities brokerage, private placement, and riskless principal services, pursuant to Sec. 225.28(b)(7)(i), (ii), and (iii) of Regulation Y. The proposed activities are currently being conducted, directly or indirectly, by the subject entities with Board approval. (See Bank of Boston Corp., 83 Fed. Res. Bull. 42 (1997) and Bank America Corp., 83 Fed. Res. Bull. 1008 (1997)). Board of Governors of the Federal Reserve System, June 25, 1998. Robert deV. Frierson, Associate Secretary of the Board. [FR Doc. 98-17453 Filed 6-30-98; 8:45 am] BILLING CODE 6210-01-F