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Article: New York Federal Reserve bank approves primary dealer acquisition.
- Article from:
- PR Newswire
- Article date:
- December 8, 1989
CopyrightCOPYRIGHT 1989 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK FEDERAL RESERVE BANK APPROVES PRIMARY DEALER ACQUISITION
NEW YORK, Dec. 8 /PRNewswire/ -- The Federal Reserve Bank of New York today approved the application by The Fuji Bank, Limited, Tokyo, to acquire the 75.1 percent of Kleinwort Benson Government Securities, Inc., Chicago, that it does not already own.
Kleinwort Benson Government Securities, Inc. is one of the 44 primary dealers in U.S. government securities designated by the New York Fed.
The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.
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