Applications approved under bank merger act. (Legal Developments).

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.

Sedgwick v. United States, No. 02-1083 (ESH) (D.D.C., filed June 4, 2002). Complaint for declaratory judgment under the Federal Tort Claims Act and the constitution.

Caesar v. United States, No. 02-0612 (EGS) (D.D.C.), removed on April 1, 2002 from No. 02-1502 (D.C. Superior Court, originally filed March 1, 2002). Action seeking damages for personal injury.

Community Bank & Trust v. United States, No. 01-571C (Ct. Fed. Cl., filed October 3, 2001). Action challenging on constitutional grounds the failure to pay interest on reserve accounts held at Federal Reserve Banks.

Laredo National Bancshares, Inc. v. Whalen v. Board of Governors, No. 01-CV-134 (S.D. Tex.), removed on September 5, 2001, from No. 99CVQ00940-D3 (District Court, 341st Judicial District, Webb County, Texas, originally filed July 26, 2001). Third-party petition seeking indemnification or contribution from the Board in connection with a claim asserted against defendant Whalen alleging tortious interference with a contract. On September 27, 2002, the district court dismissed all claims against the Board and its employees.

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 (EGS) (D.D.C., filed August 3, 1999), also an employment discrimination action.

Albrecht v. Board of Governors, No. 00-CV-317 (CKK) (D.D.C., filed February 18, 2000). Action challenging the method of funding of 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. On September 17, 2002, the court dismissed the remaining claims.

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.

APPLICATIONS APPROVED UNDER BANK HOLDING COMPANY 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.

Section 3

Applicant(s)                     Bank(s)

Bement Bancshares, Inc.,         CGB&L Financial Group, Inc.,
  Bement, Illinois                 Cerro Gordo, Illinois
                                 Cerro Gordo Savings & Loan, s.b.,
                                   Cerro Gordo, Illinois
Caixa Geral de Depositos,        Crown National Bank, N.A.,
  S.A., Lisbon, Portugal           Ocean City, New Jersey
CGD-USA Holding Company,
  Inc., New York,
  New York
Commercial Bancorp,              Farmers State Bank,
  Pine Bluffs, Wyoming             Pine Bluffs, Wyoming
First Sleepy Eye                 Stearns Bank Canby, N.A.,
  Bancorporation, Inc.,            Canby, Minnesota
  Sioux Falls, South
  Dakota
Generations Bancshares,
  Inc.,                          Generations Bank,
  Blairsville, Georgia             Blairsville, Georgia
Guaranty Financial
  Services, Inc.,                Guaranty Bank & Trust Company,
  Huntington, West Virginia        Huntington, West Virginia
Hazen Bancorporation, Inc.,      North Star Holding Company, Inc.,
  Hazen, North Dakota              Jamestown, North Dakota
Lauritzen Corporation,           First National of Nebraska, Inc.,
  Omaha, Nebraska                  Omaha, Nebraska
MCB Financial Group, Inc.,       McIntosh Commercial Bank,
  Carrollton, Georgia              Carrollton, Georgia
McIntosh County Bank Holding     North Star Holding Company, Inc.,
  Company, Inc.,                   Jamestown, North Dakota
  Ashley, North Dakota
New Met Financial Corporation,   Met Financial Corporation,
  Oakland, California              Oakland, California
                                 Metropolitan Bank,
                                   Oakland, California
North Star Holding Company,
  Inc.,                          Northern Plains Investment, Inc.,
  Jamestown, North Dakota          Jamestown, North Dakota
                                 Stutsman County State Bank,
                                   Jamestown, North Dakota
Oswego Community Bank            Oswego Bancshares, Inc.,
  Employee Stock Ownership         Oswego, Illinois
  Plan, Oswego, Illinois         Oswego Community Bank,
                                   Oswego, Illinois
P.C.B. Bancorp, Inc.,            Gateway American Bancshares, Inc.,
  Largo, Florida                   Fort Lauderdale, Florida
                                 Gateway American Bank of Florida,
                                   Fort Lauderdale, Florida
Planters Financial Group,        City State Bank,
  Inc., Hopkinsville,
  Kentucky                         Martin, Tennessee
Prosperity Bancshares,           Southwest Bank Holding Company,
  Houston, Texas                   Dallas, Texas
Rockhold BanCorp.,               La Plata Bancshares, Inc.,
  Kirksville, Missouri             La Plata, Missouri
                                 La Plata State Bank,
                                   La Plata, Missouri
State Bank & Trust Company       State Capital Corporation,
  Employee Stock Ownership         Greenwood, Mississippi
  Plan, Greenwood, Mississippi
State Bank & Trust Company       Mississippi Southern Bank,
  Employee Stock Ownership         Port Gibson, Mississippi
  Plan, Greenwood, Mississippi
State Capital Corporation,
  Greenwood, Mississippi
Today's Bancorp, Inc.,           Today's Bank,
  Vancouver, Washington            Vancouver, Washington
TransCommunity Bankshares        Bank of Goochland, National
  Incorporated,                    Association,
  Richmond, Virginia               Goochland, Virginia
Wheeler Bancshares, Inc.,        Wheeler County State Bank,
  Alamo, Georgia                   Alamo, Georgia
Wishek Bancorporation, Inc.,     North Star Holding Company, Inc.,
  Wishek, North Dakota             Jamestown, North Dakota

Section 4

Applicant(s)                     Nonbanking Activity/Company

Allegiant Bancorp, Inc.,         Investment Counselors Incorporated,
  St. Louis, Missouri              St. Louis, Missouri
BancMidwest Corporation,         Mainstreet Mortgage Corporation,
  St. Paul, Minnesota              St. Louis Park, Minnesota
Bank Montreal,                   Harris Washington Savings Bank,
  Montreal, Canada                 Bellevue, Washington
Bankmont Financial Corp.,        Harris Bank Washington N.A.,
  Chicago, Illinois                Seattle, Washington
Harris Bankcorp, Inc.,           Harris Bank California, N.A.,
  Chicago, Illinois                San Francisco, California
                                 The Harris Bank N.A.,
                                   Chicago, Illinois
First Bank of Miami Shares,      First Bank of Miami, Inc.,
  Inc., Miami, Florida             Coral Gables, Florida
LandMark Financial Holding       LandMark Mortgage of Florida, LP,
  Company,                         Sarasota, Florida
  Sarasota, Florida
Minnwest Corporation,            AgriVision Finance, Co.,
  Minnetonka, Minnesota            Fargo, North Dakota
                                 Minnwest Finance Co.,
                                   Minnetonka, Minnesota
Southwest Company,               Fremont County Savings Bank,
  Oakland, Iowa                    Sidney, Iowa

Sections 3 and 4

Morrill Bancshares, Inc.,        First Centralia Bancshares, Inc.,
  Sabetha, Kansas                  Centralia, Kansas

Applicant(s)                     Reserve Bank    Effective Date

Bement Bancshares, Inc.,         Chicago         September 9, 2002
  Bement, Illinois
Caixa Geral de Depositos,        Philadelphia    September 17, 2002
  S.A., Lisbon, Portugal
CGD-USA Holding Company,
  Inc., New York,
  New York
Commercial Bancorp,              Kansas City     September 11, 2002
  Pine Bluffs, Wyoming
First Sleepy Eye                 Minneapolis     September 13, 2002
  Bancorporation, Inc.,
  Sioux Falls, South
  Dakota
Generations Bancshares,
  Inc.,                          Atlanta         September 9, 2002
  Blairsville, Georgia
Guaranty Financial
  Services, Inc.,                Richmond        September 13, 2002
  Huntington, West Virginia
Hazen Bancorporation, Inc.,      Minneapolis     August 28, 2002
  Hazen, North Dakota
Lauritzen Corporation,           Kansas City     September 9, 2002
  Omaha, Nebraska
MCB Financial Group, Inc.,       Atlanta         September 15, 2002
  Carrollton, Georgia
McIntosh County Bank Holding     Minneapolis     August 28, 2002
  Company, Inc.,
  Ashley, North Dakota
New Met Financial Corporation,   San Francisco   September 19, 2002
  Oakland, California
North Star Holding Company,
  Inc.,                          Minneapolis     August 28, 2002
  Jamestown, North Dakota
Oswego Community Bank            Chicago         September 5, 2002
  Employee Stock Ownership
  Plan, Oswego, Illinois
P.C.B. Bancorp, Inc.,            Atlanta         September 5, 2002
  Largo, Florida
Planters Financial Group,        St. Louis       September 6, 2002
  Inc., Hopkinsville,
  Kentucky
Prosperity Bancshares,           Dallas          September 5, 2002
  Houston, Texas
Rockhold BanCorp.,               St. Louis       September 9, 2002
  Kirksville, Missouri
State Bank & Trust Company       St. Louis       September 13, 2002
  Employee Stock Ownership
  Plan, Greenwood, Mississippi
State Bank & Trust Company       St. Louis       September 13, 2002
  Employee Stock Ownership
  Plan, Greenwood, Mississippi
State Capital Corporation,
  Greenwood, Mississippi
Today's Bancorp, Inc.,           San Francisco   September 11, 2002
  Vancouver, Washington
TransCommunity Bankshares        Richmond        September 20, 2002
  Incorporated,
  Richmond, Virginia
Wheeler Bancshares, Inc.,        Atlanta         September 23, 2002
  Alamo, Georgia
Wishek Bancorporation, Inc.,     Minneapolis     August 28, 2002
  Wishek, North Dakota

Section 4

Applicant(s)                     Reserve Bank    Effective Date

Allegiant Bancorp, Inc.,         St. Louis       September 24, 2002
  St. Louis, Missouri
BancMidwest Corporation,         Minneapolis     September 17, 2002
  St. Paul, Minnesota
Bank Montreal,                   Chicago         September 16, 2002
  Montreal, Canada
Bankmont Financial Corp.,
  Chicago, Illinois
Harris Bankcorp, Inc.,
  Chicago, Illinois
First Bank of Miami Shares,      Atlanta         September 12, 2002
  Inc., Miami, Florida
LandMark Financial Holding       Atlanta         September 20, 2002
  Company,
  Sarasota, Florida
Minnwest Corporation,            Minneapolis     September 3, 2002
  Minnetonka, Minnesota
Southwest Company,               Chicago         August 30, 2002
  Oakland, Iowa

Sections 3 and 4

Morrill Bancshares, Inc.,        Kansas City     September 18, 2002
  Sabetha, Kansas

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.

Applicant(s)                     Bank(s)

Johnson Bank,                    Capital Bank,
  Racine, Wisconsin                Green Bay, Wisconsin
Pinnacle Bank,                   The Wymore State Bank,
  Papillion, Nebraska              Wymore, Nebraska

Applicant(s)                     Reserve Bank   Effective Date

Johnson Bank,                    Chicago        September 9, 2002
  Racine, Wisconsin
Pinnacle Bank,                   Kansas City    September 11, 2002
  Papillion, Nebraska