Notice2025-22569
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
December 11, 2025
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 90 Issue 236 (Thursday, December 11, 2025)</title>
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[Federal Register Volume 90, Number 236 (Thursday, December 11, 2025)]
[Notices]
[Pages 57467-57468]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-22569]
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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
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.
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 the question
whether the proposal complies with the standards of section 4 of the
BHC Act.
Comments received are subject to public disclosure. In general,
comments received will be made available without change and will not be
modified to remove personal or business
[[Page 57468]]
information including confidential, contact, or other identifying
information. Comments should not include any information such as
confidential information that would not be appropriate for public
disclosure.
Unless otherwise noted, comments regarding the applications must be
received at the Reserve Bank indicated or the offices of the Board of
Governors, Benjamin W. McDonough, Deputy Secretary of the Board, 20th
Street and Constitution Avenue NW, Washington, DC 20551-0001, not later
than December 26, 2025.
A. Federal Reserve Bank of Atlanta (Erien O. Terry, Assistant Vice
President) 1000 Peachtree Street NE, Atlanta, Georgia 30309. Comments
can also be sent electronically to <a href="/cdn-cgi/l/email-protection#1b5a6b6b7772787a6f7274756835587476767e756f685b7a6f77357d69793574697c"><span class="__cf_email__" data-cfemail="afeedfdfc3c6cccedbc6c0c1dc81ecc0c2c2cac1dbdcefcedbc381c9ddcd81c0ddc8">[email protected]</span></a>:
1. Costellis International Limited, Tortola, British Virgin
Islands; and Inter & Co, Inc. and Banco Inter S.A., both of Minas
Gerais, Brazil, through Inter & Co's subsidiary holding company, Inter
US Holding Inc., Miami, Florida, its subsidiaries, Inter & Co
Securities LLC, Inter US Finance LLC, Inter US Management LLC, and
Inter & Co US Advisors LLC, all of Miami, Florida, as well as through
Banco Inter S.A.'s subsidiary, Inter & Co Payments, Inc., Miami,
Florida; in connection with the establishment of a state-licensed
foreign branch, to continue to engage in certain permissible nonbanking
activities, including (i) extending credit and servicing loans through
Inter US Finance LLC pursuant to section 225.28(b)(1), (ii) asset
management and investment advisory activities through Inter US
Management LLC pursuant to sections 225.28(b)(2)(vi) and 225.28(b)(6),
(iii) investment advisory activities through Inter & Co US Advisors LLC
pursuant to section 225.28(b)(6), (iv) securities brokerage activities
through Inter & Co Securities LLC pursuant to section 225.28(b)(7), and
(v) money transmission services conducted through Inter & Co Payments,
Inc. pursuant to section 225.28(b)(13), all of the Board's Regulation
Y.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Associate Secretary of the Board.
[FR Doc. 2025-22569 Filed 12-10-25; 8:45 am]
BILLING CODE P
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