NR 2000-92
		FOR IMMEDIATE RELEASE			
		Contact:  Robert M. Garsson (202) 874-5770
		November 30, 2000 				    


OCC Acts on Citigroup Application

WASHINGTON -- The Office of the Comptroller of the Currency 
announced today that it would not object to Citigroup’s 
acquisition of Associates National Bank.  The OCC’s 
decision, which is attached, was in response to a notice of 
change in bank control filed by Citigroup on September 18, 
2000.  The OCC’s decision followed Citigroup’s announcement 
of various initiatives designed to provide increased 
consumer protection for subprime borrowers. 

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The OCC charters, regulates and examines approximately 2,300 national banks and 
56 federal branches of foreign banks in the U.S., accounting for more than 56 
percent of the nation’s banking assets. Its mission is to ensure a safe and 
sound and competitive national banking system that supports the citizens, 
communities and economy of the United States.