Federal Reserve Release, H2, Actions of the Board, its Staff, and the Federal Reserve Banks; Applications and Reports Received

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco

District: 2
Federal Reserve Bank of: New York

Filings received during the week ending July 1, 2006

Filer Filing Type Filing Proposal End of Comment Period
ADIRONDACK TRUST COMPANY EMPLOYEE STOCK OWNERSHIP TRUST, THE * 3A3 The Adirondack Trust Company Employee Stock Ownership Trust, Saratoga Springs, New York, to acquire fifty additional shares of 473 Broadway Holding Corporation and to acquire one thousand additional shares of The Adirondack Trust Company, Saratoga Springs, New York, pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956, as amended.
Newspaper: 07/17/2006
Federal Register: 07/24/2006
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. FBSEA Notice by Banco Bilbao Vizcaya Argentaria, S.A., Bilbao, Spain, to convert its existing agency office in Miami, Forida, into a State-Licensed Branch office, pursuant to Section 5(a)(7)(B) of the International Banking Act.
Newspaper: 06/21/2006
Federal Register: Not applicable
BANCO SANTANDER INTERNATIONAL Other Foreign Banco Santander International, Miami, Florida, to establish a domestic branch in Houston, Texas, pursuant to Section 211.5(f) of Regulation K.
Newspaper: 07/07/2006
Federal Register: Not applicable
HSBC HOLDINGS PLC * 3A3 HSBC Holdings plc, HSBC Overseas Holdings (UK) Limited, both of London, United Kingdom, HSBC North America Inc., HSBC Investments (North America) Inc., HSBC North America Holdings Inc., all of Wilmington, Delaware, and HSBC USA Inc., Baltimore, maryland, propose to acquire a new insured and full-service bank pursuant to Section 3(a)(3) of the Bank Holding company Act of 1956 as amended,by establishing a national bank to be named HSBC National Bank USA in Bethesda, Maryland.
Newspaper: Not available
Federal Register: Not available
INTERNATIONAL COMMERCIAL BANK OF CHINA CO., LTD., THE FBSEA The International Commercial Bank of China Co., Ltd. ("ICBC"), Taipei, Taiwan,Republic of China is applying to establish a branch, under Section 211.24(a)(1)of Regulation K, in San Jose, California and upgrade its two existing offices in New York City and Los Angeles, California to full service branches.
Newspaper: 06/09/2006
Federal Register: Not applicable
MIZRAHI TEFAHOT BANK LTD. FBSEA Mizrahi Tefahot Bank Ltd. (the "Bank"), Ramat-Gan, Israel, is applying to the Board, under Section 211.24(a)(1) of Regulation K, to establish a branch in New York, New York by relocating the Bank's Los Angeles, California FDIC-insured branch. In addition, the Bank is applying to the Board, under Section 211.24(a)(1), to establish a representative office in Los Angeles, California, which will serve as a liaison office with the Bank's remaining California-based customers.
Newspaper: 04/10/2006
Federal Register: Not applicable
NRW.BANK 4c8 NRW.Bank and WestLB Beteiligungsholding GmbH, both of Dusseldorf, Germany (collectively, the "Notificants"), to continue to engage indirectly in extending credit and servicing loans and acting as a financial or investment advisor, pursuant to Section 4(c)(8) of the Bank Holding Company Act of 1956, as amended, and Sections 225.28(b)(1) and 225.28(b)(6) of Regulation Y. These activities are conducted through certain joint ventures of HSH Nordbank AG, Hamburg, Germany, a subsidiary of the Notificants.
Newspaper: Not applicable
Federal Register: Not available
TORONTO-DOMINION BANK, THE * 3A5
* 3A3
The Toronto-Dominion Bank, Toronto, Ontario, Canada, and TD Banknorth Inc., Portland, Maine, propose to acquire 100 percent of the voting shares of Interchange Financial Services Corporation, the parent company of Interchange Bank, both of Saddle Brook, New Jersey, pursuant to Sections 3(a)(3) and 3(a)(5) of the Bank Holding Company Act, and Section 225.15 of Regulation Y.
Newspaper: Not available
Federal Register: Not available


Availability of CRA Public Evaluations

The Community Reinvestment Act is intended to encourage depository institutions to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods. It was enacted by the Congress in 1977 (12 U.S.C. 2901) and is implemented by Regulation BB (12 CFR 228). The regulation was revised in May 1995.

The CRA requires that each depository institution's record in helping meet the credit needs of its entire community be evaluated periodically. That record is taken into account in considering an institution's application for deposit facilities.

A copy of an institution's CRA evaluation may be obtained directly from the institution or Reserve Bank.

Federal bank regulators use the following performance levels to rate an institution's performance under CRA:

O = Outstanding
S = Satisfactory
NI = Needs to improve
SN = Substantial noncompliance

The following state member banks have been examined and their CRA public evaluations are now available.
 
Institution / Location
RSSD
ID
 
Exam Date
CRA
Public Date
CRA
Rating
Exam Method
NONE


CRA Examinations scheduled for     Quarter of

Institution Location
NONE

Release dates | Full version (300 KB PDF)
Actions by the Board | Actions under delegated authority
Applications and reports:
Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta
Chicago | St. Louis | Minneapolis | Kansas City | Dallas | San Francisco