October 21, 2008

Board issues statement concerning its approval of the proposal by Wells Fargo and Company to acquire Wachovia Corporation

For immediate release

The Federal Reserve Board on Tuesday released a Statement concerning its action of October 12, 2008, approving the proposal by Wells Fargo & Company, San Francisco, California, to acquire Wachovia Corporation, Charlotte, North Carolina.

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

Last Update: October 21, 2008