WASHINGTON - The Federal Reserve Board on Monday overrode a Community Reinvestment Act complaint and gave Chase Manhattan Corp. permission to merge its Connecticut and New York operations.

"We are pleased with the Fed's approval and believe it is an appropriate reflection of Chase's CRA and fair-lending records," a Chase official said in a prepared statement.

The Office of the Comptroller of the Currency approved the transaction on Feb. 10. The Bronx-based Inner City Press/Community on the Move, which protested the merger, has said it will appeal the OCC decision.

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