Federal Reserve Board announces approval of applications by NongHyup Bank

The following press release was published by the Board of Governors of the Federal Reserve System on Jan. 28, 2013. It is reproduced in full below.

The Federal Reserve Board on Monday announced its approval of applications by NongHyup Bank, Seoul, Republic of Korea, to establish a branch and a representative office in New York, New York.

Attached is the Order relating to this action.

For media inquiries, call 202-452-2955.

Source: Board of Governors of the Federal Reserve System