For immediate release

The Federal Reserve Board today announced its approval of the notice filed by Bankers Trust New York Corporation, New York, New York, to acquire 100 percent of the voting shares of Alex. Brown Incorporated, Baltimore, Maryland, and thereby engage in a variety of nonbanking activities, including underwriting and dealing in all types of debt and equity securities on a limited basis. Attached is the Board's Order relating to this action.

Attachment (41 KB PDF)

1997 Orders on banking applications