loca FRB: H.2--District 2--New York--Week ending May 9, 2009 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 May 9, 2009

Filer Filing Type Filing Proposal End of Comment Period
CANADIAN IMPERIAL BANK OF COMMERCE FBSEA Canadian Imperial Bank of Commerce, Toronto, Canada to establish an agency in New York, New York, pursuant to Section 211.24(a)(1)(i)(A) of Regulation K.
Newspaper: Not available
Federal Register: Not applicable
CITIBANK, N.A. Investment Citibank, N.A., Las Vegas, Nevada ("Citi") and Citibank Overseas Investment Corporation, New Castle, Delaware, pursuant to Section 211.9(f) of Regulation K, to convert Citi's Gabon branch to a locally-incorporated Edge Act sudsidiary named Citibank Gabon S. A., Libreville, Gabon.
Newspaper: Not applicable
Federal Register: Not applicable
GOVERNOR AND COMPANY OF THE BANK OF IRELAND, THE Other Foreign The Governor and Company of the Bank of Ireland, Dublin, Ireland (the "Applicant") requests prior approval of the Board of Governors of the Federal Reserve System (the "Board") to establish a de novo Edge Act corporation (the "Edge"), to be named Bank of Ireland Foreign Exchange Corporation, Orlando, Florida, pursuant to Section 25A of the Federal Reserve Act and Section 211.5(b) of the Board's Regulation K. Upon establishment, Applicant proposes to merge its wholly-owned U.S. money transmitter subsidiary Foreign Currency Exchange Corp. into the Edge.
Newspaper: Not applicable
Federal Register: 05/28/2009
MORGAN STANLEY * 4c8 Morgan Stanley, New York, New York, to acquire up to 9.9 percent of the outstanding common stock of United Western Bancorp, Inc., and its subsidiary, United Western Bank, both of Denver, Colorado, pursuant to Section 4(c)(8) and 4(j) of the BHC Act of 1956, as amended, and Section 225.24 of Regulation Y.
Newspaper: Not available
Federal Register: 05/26/2009


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
BPD BK, NEW YORK, NEW YORK 66015 11/10/2008 04/20/2009 O Whole/Ltd Purp


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