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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: October 7, 2015

For release at 5:00 p.m. EDT

The Federal Reserve Board on Wednesday announced its approval of the applications under section 3 of the Bank Holding Company Act by Royal Bank of Canada, Montreal, Canada, and RBC USA Holdco Corporation, New York, New York, to acquire City National Corporation and thereby indirectly acquire its wholly owned subsidiary, City National Bank, both of Los Angeles, California.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

Attachment (PDF)

Board Votes

Last update: October 7, 2015