October 12, 2007
Approval of proposal by Citigroup
For immediate release
The Federal Reserve Board on Friday announced its determination, after consultation with the Secretary of the Treasury, that the acquisition, management, and operation in the United Kingdom by Citigroup Inc., New York, New York, of certain defined benefit pension plans established by unaffiliated third parties are activities that are financial in nature and permissible for Citigroup Inc., as a financial holding company, to engage in under section 4 of the Bank Holding Company Act.
Attached is the Board’s Order relating to this action.