Federal Reserve Board announces approval of proposal by Banco do Estado do Rio Grande do Sul

The following press release was published by the Board of Governors of the Federal Reserve System on Oct. 6, 2011. It is reproduced in full below.

The Federal Reserve Board on Thursday announced its approval of the proposal by Banco do Estado do Rio Grande do Sul S.A., Port Alegre, Brazil, to establish a branch in Miami, Florida.

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

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System