TAIWAN
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From Times Staff and Wire Reports
Fed OKs Bank Branch in L.A.: The U.S. Federal Reserve Board has approved an application by the Bank of Taiwan to establish a state-licensed branch in Los Angeles. The Bank of Taiwan’s branch will be its second office in the United States. Separately, the Fed has approved an application by Chiao Tung Bank of Taipei, Taiwan, to establish a state-licensed agency in New York City. The Chiao Tung Bank already operates a state-licensed branch in San Jose.
