Approval of proposal by Bank of Communications Co., Ltd

The following press release was published by the Board of Governors of the Federal Reserve System on April 8, 2011. It is reproduced in full below.

The Federal Reserve Board on Friday approved the application by Bank of Communications Co., Ltd., Shanghai, People's Republic of China, to establish a branch in San Francisco, California.

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

Source: Board of Governors of the Federal Reserve System