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: 12
Federal Reserve Bank of: San Francisco

Filings received during the week ending December 1, 2007

Filer Filing Type Filing Proposal End of Comment Period
AMERICAN SECURITY BANK * Branch American Security Bank, Santa Ana, California, to establish a branch office at 1401 Dove Street, Newport Beach, California.
Newspaper: 12/03/2007
Federal Register: Not applicable
FRANKLIN RESOURCES, INC. * 3A3 Franklin Resources, Inc., San Mateo, California, to retain 5.15 percent of Commerce Bancorp, Inc., Cherry Hill, New Jersey, and thereby indirectly retain voting shares of Commerce Bank, National Association, Philadelphia, Pennsylvania.
Newspaper: Waived
Federal Register: 12/26/2007
MITSUBISHI UFJ FINANCIAL GROUP, INC. 4c8 Mitsubishi UFJ Financial Group, Inc., Tokyo, Japan, to indirectly acquire up to 30 percent of Diamond Lease (U.S.A.), Inc., New York, New York, and to thereby indirectly engage in the leasing of personal or real property, pursuant to section 225.28(b)(3) of Regulation Y.
Newspaper: Not applicable
Federal Register: 12/17/2007
NARA BANK * 18C Nara Bank, Los Angeles, California, to purchase the assets and assume the liabilities of the Brick, New Jersey, branch of The Provident Bank, Jersey City, New Jersey.
Newspaper: 11/19/2007
Federal Register: Not applicable
NHB HOLDINGS, INC. 4c8 NHB Holdings, Inc., and Proficio Mortgage Ventures, LLC, both of Jacksonville, Florida, to engage de novo in a joint venture with NRI Mortgage Solutions, Buffalo Grove, Illinois, in conducting mortgage banking activities, pursuant to section 4(c)(8) of the Bank Holding Company Act and section 225.28(b)(1) of Regulation Y.
Newspaper: Not applicable
Federal Register: 12/17/2007
SHIZUOKA BANK, LTD., THE FBSEA The Shizuoka Bank, Ltd., Shizuoka, Japan, to establish a branch office at 600 Lexington Avenue, New York, New York, pursuant to section 7(d) of the International Banking Act.
Newspaper: 12/31/2007
Federal Register: Not applicable
STATE BANCORP NORTHWEST * 3A1 State Bancorp Northwest to become a bank holding company by acquiring 100 percent of State Bank Northwest, both of Spokane Valley, Washington.
Newspaper: Not available
Federal Register: 12/20/2007
WELLS FARGO & COMPANY 4c8 Wells Fargo & Company, through a new subsidiary of WFC Holdings Corporation, both of San Francisco, California, request for approval to purchase and sell electricity in the spot market and take and make delivery of electricity to settle commodity derivatives.
Newspaper: Not applicable
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