Approval of proposal by Morgan Stanley to acquire up to 9.9 percent of the voting shares of Chinatrust Financial Holding Company

The following press release was published by the Board of Governors of the Federal Reserve System on June 26, 2009. It is reproduced in full below.

The Federal Reserve Board on Friday announced its approval of the proposal by Morgan Stanley, New York, New York, to acquire up to 9.9 percent of the voting shares of Chinatrust Financial Holding Company, Ltd., Taipei, Taiwan, and thereby increase its indirect interest in Chinatrust Bank (U.S.A.), Torrance, California.

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

Source: Board of Governors of the Federal Reserve System