Extension of Comment Period on Real Estate Activities Proposal -  District 01-23 - Dallas Fed

Extension of Comment Period on Real Estate Activities Proposal - District 01-23 - Dallas Fed

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Federal Reserve Bankll★Kof DallasDALLAS, TEXAS 75265-5906March 8, 2001Notice 01-23TO: The Chief Executive Officer of eachfinancial institution and others concernedin the Eleventh Federal Reserve DistrictSUBJECTExtension of Comment Periodon Real Estate Activities ProposalDETAILSThe Board of Governors of the Federal Reserve System and the Department of theTreasury have extended the public comment period on a proposal that would permit financialholding companies and subsidiaries of national banks to engage in real estate brokerage and realestate management.The Board now must receive comments by May 1, 2001. Please address comments toJennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Streetand Constitution Avenue, N.W., Washington, DC 20551. Also, you may mail comments elec-tronically to regs.comments@federalreserve.gov. All comments should refer to Docket No.R-1091.ATTACHMENTA copy of the Board’s notice as it appears on page 12440, Vol. 66, No. 39 of theFederal Register dated February 27, 2001, is printed on the reverse side of this notice.MORE INFORMATIONFor more information, please contact Rob Jolley, Banking Supervision Department,(214) 922-6071. For additional copies of this Bank’s notice, contact the Public AffairsDepartment at (214) 922-5254 or access District Notices on our web site at http://www.dallasfed.org/banking/notices/index.html.For additional copies, bankers and others are encouraged to use ...

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Federal Reserve Bank
ll★K
of Dallas
DALLAS, TEXAS
75265-5906March 8, 2001
Notice 01-23
TO: The Chief Executive Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District
SUBJECT
Extension of Comment Period
on Real Estate Activities Proposal
DETAILS
The Board of Governors of the Federal Reserve System and the Department of the
Treasury have extended the public comment period on a proposal that would permit financial
holding companies and subsidiaries of national banks to engage in real estate brokerage and real
estate management.
The Board now must receive comments by May 1, 2001. Please address comments to
Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street
and Constitution Avenue, N.W., Washington, DC 20551. Also, you may mail comments elec-
tronically to regs.comments@federalreserve.gov. All comments should refer to Docket No.
R-1091.
ATTACHMENT
A copy of the Board’s notice as it appears on page 12440, Vol. 66, No. 39 of the
Federal Register dated February 27, 2001, is printed on the reverse side of this notice.
MORE INFORMATION
For more information, please contact Rob Jolley, Banking Supervision Department,
(214) 922-6071. For additional copies of this Bank’s notice, contact the Public Affairs
Department at (214) 922-5254 or access District Notices on our web site at
http://www.dallasfed.org/banking/notices/index.html.
For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal
Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012;
Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810.12440 Federal Register/Vol. 66, No. 39/Tuesday, February 27, 2001/Proposed Rules
published for public comment a joint brokerage and real estate management
proposal that would permit financial (66 FR 307). The proposal stated that
holding companies and financial any comments on the proposal must be
subsidiaries of national banks to engage received by the Agencies by March 2,
in real estate brokerage and real estate 2001.
In response to the solicitation ofmanagement. The Agencies are
comments, the Agencies have received aextending the comment period on the
substantial number of comments,proposal.
including requests to extend the
DATES: Comments must be received by
comment period. Given the wide public
May 1, 2001.
interest in the proposal and the desire
ADDRESSES: Comments should refer to of the Agencies to give the public
docket number R–1091 and should be sufficient time to consider the proposal,
mailed to Ms. Jennifer J. Johnson, the Agencies have decided to extend the
Secretary, Board of Governors of the comment period on the proposal
Federal Reserve System, 20th Street and through May 1, 2001.
Constitution Avenue, NW., Washington,
By order of the Board of Governors,
DC 20551 (or mailed electronically to
February 21, 2001.
regs.comments@federalreserve.gov) and
Jennifer J. Johnson,
to Real Estate Brokerage and
Secretary of the Board.Management Regulation, Office of
Dated: February 20, 2001.Financial Institution Policy, U.S.
Donald V. Hammond,Department of the Treasury, 1500
Acting Under Secretary for Domestic Finance,Pennsylvania Avenue, NW., Room SC
Department of the Treasury.37, Washington, DC 20220 (or mailed
[FR Doc. 01–4713 Filed 2–26–01; 8:45 am]electronically to
BILLING CODE 6210–01–Pfinancial.institutions@do.treas.gov).
Comments addressed to Ms. Johnson
also may be delivered to the Board’s
mailroom between 8:45 a.m. and 5:15
p.m. and, outside those hours, to the
Board’s security control room. Both the
mailroom and the security control room
are accessible from the Eccles Building
courtyard entrance, located on 20th
Street between Constitution Avenue and
C Street, NW. Members of the public
may inspect comments in room MP–500
of the Martin Building between 9 a.m.
and 5 p.m. on weekdays. Comments
addressed to the Treasury Department
FEDERAL RESERVE SYSTEM may also be delivered to the Treasury
Department mail room between the
12 CFR Part 225 hours of 8:45 a.m. and 5:15 p.m. at the
15th Street entrance to the Treasury[Regulation Y; Docket No. R–1091]
Building.
Bank Holding Companies and Change
FOR FURTHER INFORMATION CONTACT:
in Bank Control Board of Governors: Scott G. Alvarez,
Associate General Counsel (202/452–DEPARTMENT OF THE TREASURY
3583), or Mark E. Van Der Weide,
Counsel (202/452–2263), Legal Division,Office of the Under Secretary for
Board of Governors of the FederalDomestic Finance
Reserve System, 20th Street and
Constitution Avenue, NW., Washington,12 CFR Part 1501
D.C. 20551.
RIN 1505–AA84 Department of the Treasury: Gerry
Hughes, Senior Financial Analyst (202/
Financial Subsidiaries 622–2740); Roberta K. McInerney,
Assistant General Counsel (Banking andAGENCIES: Board of Governors of the
Finance) (202/622–0480); or Gary W.Federal Reserve System and Department
Sutton, Senior Banking Counsel (202/of the Treasury.
622–0480).
ACTION: Joint proposed rule; extension of
SUPPLEMENTARY INFORMATION: Oncomment period.
January 3, 2001, the Agencies published
SUMMARY: On January 3, 2001, the Board a joint proposal to seek comment on
of Governors of the Federal Reserve whether to permit financial holding
System and the Department of the companies and financial subsidiaries of
Treasury (collectively, the ‘‘Agencies’’) national banks to engage in real estate