|For immediate release|
The Federal Reserve Board today announced its approval of the proposal of Mitsubishi Tokyo Financial Group, Inc., Tokyo, Japan ("MTFG"), to become a bank holding company by acquiring indirectly Bank of Tokyo-Mitsubishi Trust Company, New York, New York, UnionBanCal Corporation, and Union Bank of California, N.A., both of San Francisco, California, the U.S. bank and bank holding company subsidiaries of The Bank of Tokyo-Mitsubishi, Ltd., Tokyo, Japan ("Tokyo Bank"); and Mitsubishi Trust & Banking Corporation (U.S.A.), New York, New York, the U.S. banking subsidiary of The Mitsubishi Trust and Banking Corporation, Tokyo, Japan ("Mitsubishi Trust"). The Board also has approved MTFG's proposal to acquire the U.S. nonbanking subsidiaries of Tokyo Bank and Mitsubishi Trust, and thereby engage in certain permissible nonbanking activities.
Attached is the Board’s Order relating to this action.
2001 Orders on banking applications