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 March 7, 2009

Filer Filing Type Filing Proposal End of Comment Period
BANK OF NEW YORK MELLON CORPORATION, THE Investment Bank of New York Mellon, New York, New York, and its subsidiary, BNY International Financial Corporation, New York, New York, pursuant to Section 211.9(f) of Regulation K, to acquire BNY Financial Services plc, Dublin, Ireland.
Newspaper: Not applicable
Federal Register: Not applicable
BANK OF NEW YORK MELLON CORPORATION, THE Investment Bank of New York Mellon, New York, New York, and its subsidiary, BNY International Financial Corporation, New York, New York, pursuant to Section 211.9(f) of Regulation K, to make an additional investment in The Bank of New York Luxembourg S.A., Senningerb, Luxembourg.
Newspaper: Not applicable
Federal Register: Not applicable
CHEMUNG CANAL TRUST COMPANY * 18C Chemung Canal Trust Company, Elmira, New York for approval to merge with the Bank of Canton, Canton, Pennsylvania, pursuant to Section 18(c) of the Federal Deposit Insurance Act.
Newspaper: Not available
Federal Register: Not applicable
UNITED OVERSEAS BANK LIMITED FBSEA United Overseas Bank Limited, Singapore, to establish branches in Los Angeles and New York by upgrading its existing agencies, pursuant to Section 211.24(a)(1)(i)(A) of Regulation K.
Newspaper: Not available
Federal Register: Not applicable


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

* Subject to the provisions of the Community Reinvestment Act

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