Board announces that Goldman Sachs and Morgan Stanley transactions may be consummated immediately

The following press release was published by the Board of Governors of the Federal Reserve System on Sept. 22, 2008. It is reproduced in full below.

Based on consultation with the Department of Justice regarding the applications of Goldman Sachs and Morgan Stanley to become bank holding companies, the Federal Reserve Board announced on Monday that the transactions may be consummated immediately without the application of the five-day antitrust waiting period.

Source: Board of Governors of the Federal Reserve System