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 November 11, 2006

Filer Filing Type Filing Proposal End of Comment Period
BANCO POPULAR NORTH AMERICA * Branch Banco Popular North America, New York, New York to open two new domestic branches, located at 2 South Orange Avenue, Orlando (Orange County), Florida (RSSD# 3489633) and 8885 S. Dadeland Boulevard, Miami (Miami-Dade County), Florida. (RSSD# 3489624)
Newspaper: Not available
Federal Register: Not applicable
CITIBANK, N.A. Investment Prior Notice by Citibank, N.A. New York, New York for an investment in Akbank T.A.S., Istanbullll, Republic of Turkey, through a joint venture under 12 CFR 211.9(f) of Regulation K, for investments made by COIC in excess of the general consent limit of 12 CFR 211.9(b)(3).
Newspaper: Not applicable
Federal Register: Not applicable
MANUFACTURERS AND TRADERS TRUST COMPANY * Branch Manufacturers and Traders Trust Company, Buffalo, New York request approval to open and occupy a full-service branch to be located at 7918 Jones Branch Drive, McLean, Fairfax County, Virginia.
Newspaper: 11/19/2006
Federal Register: Not applicable
MANUFACTURERS AND TRADERS TRUST COMPANY * 18C
* Branch
Manufacturers and Traders Trust Company, Buffalo, New York, to merge M&T New Jersey Interim Bank, Palisades Park, New Jersey, with and into M&T Bank, Buffalo, New York, under Section 18(c) of the Federal Deposit Insurance Act and, incident thereto, under Section 9 of the Federal Reserve Act, to establish a branch in Palisades Park, New Jersey.
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

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