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Board of Governors of the Federal Reserve System
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Press Release

Federal Reserve Press Release

Release Date: April 1, 2008

For immediate release

The Federal Reserve Board on Tuesday announced its approval of the proposal by JPMorgan Chase & Co., New York, New York, to acquire Bear Stearns Bank & Trust, Princeton, New Jersey.

JPMorgan Chase & Co. is not required to obtain the Board's prior approval under the Bank Holding Company Act to acquire The Bear Stearns Companies, Inc., New York, New York.

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

Attachment (512 KB PDF)

Last update: April 1, 2008