Bank Holding Company/Change in Control
- September 29, 2006 (124 KB PDF)
- Letter to David R. Sahr approving the notice by Fortis S.A./N.V., Fortis N.V., Fortis Brussels S.A./N.V., and Fortis Bank S.A./N.V., all of Brussels, Belgium, to engage on a limited basis in physical commodity trading activities.
- August 15, 2006 (403 KB PDF)
- To Gregory J. Lyons, Goodwin Procter LLP, in response to a request on behalf of State Street, allowing State Street to assess regulatory capital against certain of its indemnified agency securities lending transactions using a loan equivalent methodology.
- July 28, 2006 (358 KB PDF)
- To John "Buz" Gorman, Esq., reviewing the impact of certain state
legislation intended to restrict interstate de novo branching by
industrial loan companies on the ability of the Federal banking
agencies to approve, under the Riegle-Neal Interstate Banking and
Branching Efficiency Act of 1994, applications by out-of-state banks
to establish de novo branches in those states.
- May 15, 2006 (240 KB PDF)
- To Elizabeth T. Davy, in response to a request on behalf of UBS AG,
confirming that certain volumetric production payment transactions in
physical commodities are extensions of credit permissible for a bank
holding company under section 225.28(b)(1) of the Board's Regulation
- May 15, 2006 (314 KB PDF)
- To Isaac Lustgarten, in response to a request on behalf of a bank
holding company ("BHC"), confirming that certain proposed "commodity
purchase and forward sale" transactions are a form of lending activity
permissible for BHCs under section 225.28(b)(1) of the Board's Regulation
- April 13, 2006 (124 KB PDF)
- Letter to Elizabeth T. Davy approving the notice by Wachovia Corporation, Charlotte, North Carolina, to engage on a limited basis in physical commodity trading activities.
- March 21, 2006 (154 KB PDF)
- To Oliver Ireland, Esq., opining that proposal by a state-chartered
bank, which became a "bank" for purposes of the Bank Holding Company
Act ("BHC Act") as a result of the Competitive Equality Banking Act
of 1987, to (i) convert to a national bank and (ii) merge with a newly
formed limited-purpose trust company that would not be a "bank" for
purposes of the BHC Act would not cause the bank's parent company to
lose certain grandfather rights under section 4(f) of the BHC Act.
- February 9, 2006 (199 KB PDF)
- To Debra Barbin in response to a request for an advisory opinion on
behalf of The Bank Holdings, Reno, Nevada. The letter states that certain
proposed services for customers seeking to make exchanges of real property
pursuant to section 1031 of the Internal Revenue Code are permissible
nonbanking activities under section 225.28 of Regulation Y.
- January 23, 2006 (214 KB PDF)
- To Wachovia Corporation permitting the bank holding company to include
in its tier 1 capital trust preferred securities that mandatorily convert
into noncumulative perpetual preferred securities on the same terms
and subject to the same quantitative limit as trust preferred securities
that mandatorily convert into common stock.