|For immediate release|
The Federal Reserve Board on Friday announced that public meetings will be held next month in New York and Chicago on the proposal by J. P. Morgan Chase & Co. to merge with Bank One Corporation.
The purpose of these meetings is to collect information relating to factors the Board is required to consider under the Bank Holding Company Act. These factors are the effects of the proposal on the financial and managerial resources and future prospects of the companies and banks involved in the proposal, competition in the relevant markets, and the convenience and needs of the communities to be served. Convenience and needs considerations include the records of performance of J. P. Morgan Chase and Bank One under the Community Reinvestment Act.
The meetings are scheduled to begin at:
9:00 a.m. EDT on Thursday, April 15 at the Federal Reserve Bank of New York, 33 Liberty Street, New York, New York 10045.
Persons wishing to testify at a meeting must submit a written request no later than 5:00 p.m. EDT, Monday, April 5, 2004. Requesters should identify the meeting they wish to attend and briefly state the nature of their expected testimony, including whether the testimony will support or oppose the proposed transaction, or provide other comment on the proposal; the estimated time required for the presentation; and their address, telephone number, facsimile number, and e-mail address if available.
Requests should be sent to John G. Ricketti, Vice President, Federal Reserve Bank of New York, 33 Liberty Street, New York, New York 10045 (facsimile: 212-720-2845) for those wishing to testify at the meeting to be held in New York, or Alicia Williams, Vice President, Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604 (facsimile: 312-913-2626), for those wishing to testify at the meeting to be held in Chicago. Persons interested only in attending a meeting need not submit a written request to attend.
An agenda for the meeting, which will include the scheduled time for each person's testimony, will be provided to participants at a later date.
Attached is a copy of the Notice of Public Meeting, which sets forth the procedures to be followed at the meeting.
The Federal Reserve Board also announced that the period for public comment of the proposal has been extended through the close of business on Friday, April 23, 2004.
2004 Orders on banking applications