Applications approved under bank merger act: by Federal Reserve Banks. (Legal Developments).

APPLICATIONS APPROVED UNDER BANK MERGER ACT

By Federal Reserve Banks

Recent applications have been approved by the Federal Reserve Banks as
listed below. Copies are available upon request to the Reserve Banks.

                                          Reserve
Applicant(s)         Bank(s)              Bank          Effective Date

1st Financial        The Rio Grande       Kansas City   August 15, 2001
  Bank,                County Bank,
  Overland Park,       Del Norte,
  Kansas               Colorado
1st Source Bank,     Citizens Financial   Chicago       July 27, 2001
  South Bend,          Services F.S.B.,
  Indiana              Munster, Indiana
First Virginia       State Bank,          Richmond      August 17, 2001
  Bank,                Remington,
  Falls Church,        Virginia
  Virginia

PENDING CASES INVOLVING THE BOARD OF GOVERNORS

This list of pending cases does not include suits against the Federal Reserve Banks in which the Board of Governors is not named a party.

Laredo National Bancshares, Inc. v. Whalen v. Board of Governors, No. 99CVQ00940-D3 (District Court, 341st Judicial District, Webb County, Texas, filed July 26, 2001). Third-party petition seeking indemnification from Board in connection with claim asserted against defendant Whalen for tortious interference with a contract.

Radfar v. United States, No. 1:01CV1292 (PLF) (D.D.C., complaint filed June 11, 2001). Action under the Federal Tort Claims Act for injury on Board premises.

Artis v. Greenspan, No. 01-CV-0400(ESG) (D.D.C., complaint filed February 22, 2001, Employment discrimination action. On August 15, 2001, the district court consolidated the action with Artis v. Greenspan, No. 99-CV-2073.

Dime Bancorp, Inc. v. Board of Governors, No. 00-4249 (2d Cir., filed December 11, 2000). Petition for review of a Board order dated September 27, 2000, approving the applications of North Fork Corporation, Inc., Melville, New York, to acquire control of Dime Bancorp, Inc. and to thereby acquire its wholly owned subsidiary, The Dime Savings Bank of New York, FSB, both of New York, New York. The petition was dismissed on the parties' stipulation on July 23, 2001.

Nelson v. Greenspan, No. 99-215(EGS) (D.D.C., amended complaint filed December 8, 2000). Employment discrimination action. On August 15, 2001, the district court granted the Board's motion to dismiss or, in the alternative, for summary judgment.

Howe v. Bank for International Settlements, No. 00CV 12485 RCL (D. Mass., filed December 7, 2000). Action seeking damages in connection with gold market activities and the repurchase of privately-owned shares of the Bank for International Settlements.

Individual Reference Services Group, Inc., v. Board of Governors, et al., No. 01-5175 (D.C. Cir., filed May 25, 2001); Trans Union

LLC v. Federal Trade Commission, et al., No. 01-5202 (D.C. Cir., filed June 4, 2001). Appeals of district court order entered April 30, 2001, upholding an interagency rule regarding Privacy of Consumer Finance Information. On June 21, 2001, the court consolidated these cases with Reed Elsevier Inc. v. Board of Governors, No. 00-1289 (D.C. Cir., filed June 30, 2000), and related petitions for review filed against other federal agencies challenging the same rules. On June 28, 2001, the court denied the appellants' emergency motion for an injunction pending appeal. On August 1, 2001, all appeals and petitions other than Trans Union LLC were dismissed on the motion of the appellants and petitioners.

Albrecht v. Board of Governors, No. 00-CV-317 (CKK) (D.D.C., filed February 18, 2000). Action challen the retirement plan for certain Board employees. On March 30, 2001, the district court granted in part and denied in part the Board's motion to dismiss.

Guerrero v. United States, No. CV-F-99-6771(OWW) (E.D. Cal., filed November 29, 1999). Prisoner suit.

Artis v. Greenspan, No. 1:99CV02073 (EGS) (D.D.C., filed August 3, 1999). Employment discrimination action.

Fraternal Order of Police v. Board of Governors, No. 1:98CV03116 (WBB) (D.D.C., filed December 22, 1998). Declaratory judgment action challenging Board labor practices. On February 26, 1999, the Board filed a motion to dismiss the action.