Approval of proposal by Bank of America to acquire Merrill Lynch

The following press release was published by the Board of Governors of the Federal Reserve System on Nov. 26, 2008. It is reproduced in full below.

The Federal Reserve Board on Wednesday announced its approval of the notice of Bank of America Corporation, Charlotte, North Carolina, to acquire Merrill Lynch & Company, Inc., New York, New York, and thereby indirectly acquire Merrill Lynch Bank & Trust Co., FSB, New York, New York; Merrill Lynch Bank USA, Salt Lake City, Utah; and Merrill Lynch Yatirim Bank A.S., Istanbul, Turkey. Attached is the Board's Order relating to this action.

Source: Board of Governors of the Federal Reserve System