For immediate release

The Federal Reserve Board today announced its approval of the application by Citigroup, Inc. and Citicorp, both in New York, New York, and Citigroup Holdings Company, Wilmington, Delaware, to acquire Grupo Financiero Banamex Accival, S.A. de C.V. and Banco Nacional de Mexico, S.A., both in Mexico City, Mexico, and thereby indirectly acquire Banamex USA Bancorp and its subsidiary, California Commerce Bank, both in Los Angeles, California. Attached is the Board's Order relating to this action. Attachment (194 KB PDF)

2001 Orders on banking applications