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 August 20, 2011

Filer Filing Type Filing Proposal End of Comment Period
AMBOY BANK * Branch Amboy Bank, Old Bridge, New Jersey, requests an after-the-fact approval to open a branch office located at 460 Georges Road, Dayton, Middlesex County, New Jersey.
Newspaper: Not available
Federal Register: Not applicable
FIRST BANCORP CIC Notice by Oaktree Capital Group Holdings GP, LLC, Oaktree Capital Group Holdings, L.P., Oaktree Capital Group, LLC, Oaktree AIF Holdings, Inc., Oaktree Holdings, LLC, Oaktree Holdings, Inc., OCM Holdings I, LLC, Oaktree Capital Management, L.P., Oaktree AIF Investments, L.P., Oaktree Capital I, L.P., Oaktree Fund GP I, L.P., Oaktree Fund GP III, L.P., Oaktree Principal Fund V GP, Ltd., Oaktree Fund GP AIF, LLC, Oaktree Principal Fund V GP, L.P., Oaktree Fund GP, LLC, Oaktree Principal Fund V, L.P., Oaktree Principal Fund V (Parallel), L.P., Oaktree Fund AIF Series, L.P.--Series I, Oaktree Principal Fund V (Delaware), L.P., and Oaktree FF Investment Fund AIF (Delaware), L.P., to gain control of First BanCorp, San Juan, Puerto Rico.
Newspaper: 08/24/2011
Federal Register: Not available
GOLDMAN SACHS BANK USA * Branch Goldman Sachs Bank USA, New York, New York, to establish a branch office located at 222 South Main Street, Salt Lake City, Utah, pursuant to Section 208.6 of Regulation H.(RSSD #4313409)
Newspaper: Not available
Federal Register: Not applicable
SANTANDER HOLDINGS USA, INC. Foreign Branch
Other Foreign
* 3A1
* 3A3
Santander Holdings USA, Boston, Massachusetts to become a bank holding company upon the conversion of its federal savings bank subsidiary Sovereign Bank, Wilmington, Delaware ("Sovereign") to a national bank, pursuant to Section 3(a)(1) of the BHC Act; and Banco Santander, S.A. Boadilla del Monte Madrid, Spain ("Santander") to retain control of Santander Holdings USA, Inc. and Sovereign upon Sovereign's conversion to a national bank, pursuant to Section 3(a)(3) of BHC Act. Sovereign request to establish two agreement corporations and provides notification of the establishment of an initial foreign branch, pursuant to Sections 211.5 and 211.3(b)(2) of Regulation K, respectively.
Newspaper: 09/01/2011
Federal Register: 09/02/2011


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 Forth Quarter of 2011 (October 1, 2011 - December 31, 2011)

Institution Location
SOLVAY BK SOLVAY, NEW YORK

* 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