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: 9
Federal Reserve Bank of: Minneapolis

Filings received during the week ending December 31, 2005

Filer Filing Type Filing Proposal End of Comment Period
BEULAH BANCORPORATION, INC. * 3A3 Beulah Bancorporation, Inc., Sioux Falls, South Dakota to acquire 100 percent of Valley Bank & Trust, Mapleton, Iowa.
Newspaper: 01/09/2006
Federal Register: 01/06/2006
BLACKRIDGE FINANCIAL, INC. * 3A1 BlackRidge Financial, Inc., Fargo, North Dakota, to become a bank holding company by acquiring 100 percent of Valley Bancshares, Inc., Nisswa, Minnesota, thereby indirectly aquiring Lakewood Bank N.A., Baxter, Minnesota. Also, to retain its indirect 17.11 percent ownership in Union Bancshares, Inc., Fargo, North Dakota, which owns Union State Bank of Fargo, Fargo, North Dakota.
Newspaper: Not available
Federal Register: 01/20/2006


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