WASHINGTON - In a highly unusual move, two Federal Reserve Board governors dissented on Community Reinvestment Act grounds from the central bank's decision late Wednesday to give Northern Trust Corp. of Chicago permission to acquire a Florida institution.

Fed Vice Chairman Alan Blinder and Gov. Janet Yellen, both appointed by President Bill Clinton, wrote in a two-page dissent that the central bank should have delayed action on Northern Trust's bid for Beach One Financial Services Inc. of Vero Beach, Fla.

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