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

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 21, 2008. It is reproduced in full below.

The Federal Reserve Board on Tuesday released a Statement concerning its action of Oct. 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.

Source: Board of Governors of the Federal Reserve System