WASHINGTON - The Federal Reserve Board last week gave two European banks permission to retain control of Charterhouse North America Inc., a company that offers investment advice, helps arrange swaps, and privately places securities.

The governors ruled Feb. 21 that Credit Commercial de France of Paris and Berliner Handels-und Frankfurter Bank, Frankfurt, are sufficiently capitalized to engage in the securities transactions.

The two banks together control more than $87 billion of assets.

The Fed also resolved a dispute with a stockholder of Sun Belt Bancshares of Conroe, Tex., who has agreed to sell his shares.

The Fed charged that Robert L. Rice had helped another institution acquire control of Sun Belt without the Fed's approval.

Mr. Rice, in a Feb. 16 cease-and-desist order, agreed to dump his shares, refrain from obstructing other parties from divesting, and provide the central bank with additional information.

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