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 30, 2008

Filer Filing Type Filing Proposal End of Comment Period
CITIGROUP INC. Investment Citigroup Inc., New York, New York and Citigroup Global Markets Brasil, Corretora De Cambio Titulos E Valores Mobiliarios S.A., Sao Paulo, Brazil, to make an investment in Intra S.A. Corretora de Cambio e Valores, Sao Paulo, Brazil, pursuant to Section 211.9(f) of Regulation K.
Newspaper: Not applicable
Federal Register: Not applicable
ICICI BANK LIMITED FBSEA ICICI Bank Limited, Mumbai, India, to establish representative offices in San Francisco or Los Angeles, California, Miami, Florida, Atlanta, Georgia, Chicago, Illinois, Edison or Woodbridge, New Jersey, Dallas or Houston, Texas, and Washington D.C., pursuant to Section 211.24(a)(1) of Regulation K.
Newspaper: Not available
Federal Register: Not applicable
MANUFACTURERS AND TRADERS TRUST COMPANY * Branch Manufacturers and Traders Trust Company, Buffalo, New York, requests to establish branches located at (i) 285 Delaware Avenue, City of Buffalo, Erie County, New York and (ii) 101 West Third Street, Williamsport, Lycoming County, Pennsylvania.
Newspaper: 09/04/2008
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
CHEMUNG CANAL TC, ELMIRA, NEW YORK 884303 03/10/2008 08/04/2008 O Int Sm Bank


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