Formations of, Acquisitions by, and Mergers of Bank Holding Companies

The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below.

The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Additional information on all bank holding companies may be obtained from the National Information Center website at www.ffiec.gov/nic/.

Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than May 5, 2000.

A. Federal Reserve Bank of New York (Betsy Buttrill White, Senior Vice President) 33 Liberty Street, New York, New York 10045-0001:

1. The Dai-Ichi Kangyo Fuji Trust & Banking Co., Ltd., Tokyo, Japan; to acquire 100 percent of the voting shares of DKF Trust Company (USA), New York, New York.

2. Mizuho Holdings, Inc., Tokyo, Japan; to become a bank holding company by acquiring 100 percent of the voting shares of The Dai-Ichi Kangyo Bank of California, Los Angeles, California; The Fuji Bank and Trust Company, New York, New York; The Industrial Bank of Japan Trust Company, New York, New York; IBJ Whitehall Bank & Trust Company, New York, New York; and DKF Trust Company, (USA) New York, New York. Upon conversion to a “bank” as defined by the Bank Holding Company Act.

In connection with this proposal, Mizuho Holdings, Inc., Tokyo, Japan has applied to acquire a variety of nonbanking activities in the United States performed by subsidiaries of The Dai-Ichi Kangyo Bank, Limited, The Fuji Bank, Limited, The Industrial Bank of Japan, Limited, all located in Tokyo, Japan, including companies that engage in, including lending activities pursuant to section 225.28(b)(1) and (b)(2) of Regulation Y; leasing activities, pursuant to section 225.28(b)(3), trust services, pursuant to section 225.28(b)(5), providing investment advice, pursuant to 225.28(b)(6), data processing pursuant to 225.28(b)(14); and securities activities pursuant to 225.28(b)(8) of Regulation Y. These nonbanking activities and companies are described in the notice filed with the Federal Reserve Bank of New York. Mizuho Holding, Inc., also proposes to engage de novo indirectly in industrial loan company activities, pursuant to Section 225.28(b)(4) of Regulation Y.

B. Federal Reserve Bank of Atlanta (Lois Berthaume, Vice President) 104 Marietta Street, N.W., Atlanta, Georgia 30303-2713:

1. SouthernBank Holdings, Inc., Buford, Georgia; to become a bank holding company by acquiring 100 percent of the voting shares of SouthernBank, N.A. (in organization), Buford, Georgia.