[Federal Register: April 8, 1998 (Volume 63, Number 67)]
[Notices]               
[Page 17181-17182]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr08ap98-86]

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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 April 23, 1998.
    A. Federal Reserve Bank of Cleveland (Paul Kaboth, Banking 
Supervisor) 1455 East Sixth Street, Cleveland, Ohio 44101-2566:
    1. Fifth Third Bancorp, Cincinnati, Ohio; to acquire The Ohio 
Company, Columbus, Ohio, and thereby engage in underwriting and dealing 
in all types of debt and equity securities and to provide such services 
as are a necessary incident thereto, see J.P. Morgan & Co., Inc., 75 
Fed. Res. Bull. 192, 197 (1989); in providing discount and full-service 
brokerage services, pursuant to Sec.  225.28(b)(7) of the Board's 
Regulation Y; in financial and investment advisory services, pursuant 
to Sec.  225.28(b)(6) of the Board's Regulation Y; in performing 
functions or activities that may be performed by a trust company, 
pursuant to Sec.  225.28(b)(5) of the Board's Regulation Y; in 
underwriting and dealing in bank eligible securities, pursuant to Sec.  
225.28(b)(8) of the Board's Regulation Y; in acting as agent in the 
private placement of securities, pursuant to Sec.  225.28(b)(7) of the 
Board's Regulation Y; in riskless principal transactions, pursuant to 
Sec.  225.28(b)(7) of the Board's Regulation Y; in

[[Page 17182]]

providing employee benefit consulting services, pursuant to Sec.  
225.28(b)(9)(C)(ii) of the Board's Regulation Y, and thereby indirectly 
acquire Cardinal Management Corp., Columbus, Ohio, and thereby engage 
in investment advisory activities, pursuant to Sec.  225.28(b)(6) of 
the Board's Regulation Y.

    Board of Governors of the Federal Reserve System, April 3, 1998.
William W. Wiles,
Secretary of the Board.
[FR Doc. 98-9257 Filed 4-7-98; 8:45 am]
BILLING CODE 6210-01-F