WASHINGTON - Federal Reserve Board Governor Lawrence Lindsey dissented from the Fed's approval of an application by Fleet Financial Group Inc.'s Fleet Bank to acquire and assume certain liabilities of 29 branches of Chemical Bank and to establish branch offices at each of the locations.

"The record in this case contains a number of allegations of improper practices by Fleet's nonbanking subsidiaries and criticisms of other practices by Fleet," Mr. Lindsey said in his dissenting statement.

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