For immediate release

The Federal Reserve Board today announced its approval of the application by The Charles Schwab Corporation, San Francisco, California, and its wholly owned subsidiary, U.S. Trust Corporation, New York, New York, to acquire Resource Companies, Inc. ("Resource"), and thereby acquire Resource's subsidiary bank, Resource Trust Company, both in Minneapolis, Minnesota. The Board�s Order relating to this action is attached. Attachment (38 KB PDF)

2001 Orders on banking applications