Notice2023-08708
Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
April 25, 2023
Issuing agencies
Federal Reserve System
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 79 (Tuesday, April 25, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 79 (Tuesday, April 25, 2023)]
[Notices]
[Pages 24989-24990]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-08708]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in or To Acquire Companies Engaged
in Permissible Nonbanking Activities
The companies listed in this notice have given notice under section
10 of the Home Owners' Loan Act (12 U.S.C. 1467a) (HOLA) and Regulation
LL (12 CFR part 238) 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. 238.53 of
Regulation LL (12 CFR 238.53). Unless otherwise noted, these activities
will be conducted throughout the United States.
The public portions of the applications listed below, as well as
other related filings required by the Board, if any, are available for
immediate inspection at the Federal Reserve Bank(s) indicated below and
at the offices of the Board of Governors. This information may also be
obtained on an expedited basis, upon request, by contacting the
appropriate Federal Reserve Bank and from the Board's Freedom of
Information Office at <a href="https://www.federalreserve.gov/foia/request.htm">https://www.federalreserve.gov/foia/request.htm</a>.
Interested persons may express their views in writing on whether the
proposed transaction complies with the standards enumerated in section
10(c)(4)(B) of the HOLA (12 U.S.C. 1467a(c)(4)(B)). Unless otherwise
noted, nonbanking activities will be conducted throughout the United
States.
Comments regarding each of these applications must be received at
the Reserve Bank indicated or the offices of the Board of Governors,
Ann E. Misback, Secretary of the Board, 20th Street and Constitution
Avenue NW, Washington, DC 20551-0001, not later than May 10, 2023.
A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521. Comments can also be sent electronically to
<a href="/cdn-cgi/l/email-protection#88cbe7e5e5ede6fcfba6e9f8f8e4e1ebe9fce1e7e6fbc8f8e0e1e4a6eefaeaa6e7faef"><span class="__cf_email__" data-cfemail="6a290507070f041e19440b1a1a0603090b1e030504192a1a020306440c18084405180d">[email protected]</span></a>:
1. Vecta Partners LLC, White Plains, New York, and Vecta Inc.,
Irvington, New York; to engage de novo in real estate acquisition and
management through a proposed new subsidiary, Vecta Realty LLC,
Montvale, New Jersey, pursuant to section 238.53(b)(7) and (b)(8) of
the Board's Regulation LL.
[[Page 24990]]
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-08708 Filed 4-24-23; 8:45 am]
BILLING CODE P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on April 25, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.