NEW YORK—The Federal Reserve Bank of New York approved the application by Deutsche Bank AG, Frankfurt, Germany, Taunus Corporation and Deutsche Bank Trust Corporation, both of New York, New York, to acquire all of the outstanding capital stock of Deutsche Bank Trust Company, N.A., New York, New York, pursuant to Section 3(a)(3) of the Bank Holding Company Act and Section 225.14 of Regulation Y.

According to standard procedure, the proposal cannot be completed for 15 days. The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.