For immediate release

The Federal Reserve Board on Monday announced its approval of the notice under section 4 of the Bank Holding Company Act by Deutsche Bank AG, Frankfurt, Germany, and Taunus Corporation, New York, New York, to engage in physical commodity trading activities on a limited basis as an activity that is complementary to the financial activity of engaging regularly as principal in commodity derivatives. Attached is the Board's Order relating to this action. Attachment (50 KB PDF)

2005 Orders on banking applications