Press Release
Approval of Application by Morgan Stanley, New York, New York
July 1, 2010
NEW YORK—The Federal Reserve Bank of New York today approved the application filed by Morgan Stanley, New York, New York, for approval to retain Morgan Stanley Private Bank, National Association (“MS Private Bank”), Purchase, New York, pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956, as amended, and Section 225.15 of Regulation Y.

MS Private Bank will be created by converting Morgan Stanley Trust, Jersey City, New Jersey into a national bank.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.