Capital briefs: Fed Approves Boatmen's Purchase of 4th Financial

The Federal Reserve Board has given Boatmen's Bancshares of St. Louis permission to acquire Fourth Financial Corp. of Wichita, Kan.

The Fed conditioned its Dec. 21 approval on Boatmen's pledge to divest branches in Cherokee and Muskogee counties in Oklahoma.

Boatmen's will control $40.5 billion in assets once the deal is consummated.

Also on Dec. 21, the Fed gave Barclays PLC and Barclays Bank PLC permission to acquire five affiliated investment advising companies, all based in San Francisco.

Barclays now can buy Wells Fargo Investment Advisors; the Nikko Building U.S.A. Inc.; Wells Fargo International Trust Co.; Wells Fargo Nikko Investment Advisors, and Wells Fargo Foreign Funds Advisors.

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